Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter Social Security numbers on this form as it may be made public. By law, the IRS cannot redact the information on the form.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2013
Open to Public Inspection
For calendar year 2013, or tax year beginning 01-01-2013 , and ending 12-31-2013
Name of foundation
Frank McHugh-O'Donovan Foundation Inc
 
% FOUNDATION SOURCE
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside RdSuite 123Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

20-0842449
B Telephone number (see instructions)

C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$60,059,760J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 3,575,000
2 Check bullet
3 Interest on savings and temporary cash investments 114 114  
4 Dividends and interest from securities...... 547,253 547,253  
5a Gross rents.............. 10,832 10,832  
b Net rental income or (loss) 10,832
6a Net gain or (loss) from sale of assets not on line 10 350,371
b Gross sales price for all assets on line 6a 4,993,564
7 Capital gain net income (from Part IV, line 2)... 350,371
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 1,732,340 1,732,340  
12 Total. Add lines 1 through 11........ 6,215,910 2,640,910  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 33,000     33,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 14,094 8,719 0 5,375
b Accounting fees (attach schedule)....... Click to see attachment 164,059 30,230 0 133,829
c Other professional fees (attach schedule).... Click to see attachment 204,956 204,956    
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 63,699 17,057    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 1,792 1,792    
21 Travel, conferences, and meetings....... 100     100
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 138,254 2,523   135,731
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 619,954 265,277 0 308,035
25 Contributions, gifts, grants paid........ 2,353,086 2,353,086
26 Total expenses and disbursements. Add lines 24 and 25 2,973,040 265,277 0 2,661,121
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,242,870
b Net investment income (if negative, enter -0-) 2,375,633
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2013)
Form 990-PF (2013)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 894,524 807,963 807,963
3 Accounts receivable bullet24,884
Less: allowance for doubtful accounts bullet   2,462 24,884 24,884
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 12,268,044 Click to see attachment20,373,566 24,586,093
c Investments—corporate bonds (attach schedule)........ 3,478,923 Click to see attachment5,204,452 5,076,675
11 Investments—land, buildings, and equipment: basis bullet463,261
Less: accumulated depreciation (attach schedule) bullet0 161,493 Click to see attachment463,261 431,060
12 Investments—mortgage loans.............. 36,011,479 29,185,557 29,133,085
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 52,816,925 56,059,683 60,059,760
Liabilities 17 Accounts payable and accrued expenses.......... 122 10
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 122 10
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 52,816,803 56,059,673
30 Total net assets or fund balances (see page 17 of the
instructions).................... 52,816,803 56,059,673
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 52,816,925 56,059,683
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 52,816,803
2 Enter amount from Part I, line 27a..................... 2 3,242,870
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 56,059,673
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 56,059,673
Form 990-PF (2013)
Form 990-PF (2013)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 4,993,564   4,643,193 350,371
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       350,371
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 350,371
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2012 2,015,709 51,710,649 0.038981
2011 2,441,911 47,339,351 0.051583
2010 2,209,394 43,822,683 0.050417
2009 1,825,141 36,579,492 0.049895
2008 699,288 13,037,236 0.053638
2 Total of line 1, column (d) ...................... 2 0.244514
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 0.048903
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 58,530,435
5 Multiply line 4 by line 3....................... 5 2,862,314
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 23,756
7 Add lines 5 and 6......................... 7 2,886,070
8 Enter qualifying distributions from Part XII, line 4.............. 8 2,661,121
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2013)
Form 990-PF (2013)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 47,513
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2............................ 3 47,513
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 47,513
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 45,548
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 45,548
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 87
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 2,052
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2013 or the taxable year beginning in 2013 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletFOUNDATION SOURCE Telephone no.bullet (800) 839-1754
    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2013, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the
    foreign country bullet  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2013?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2013, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2013?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If "Yes," did it have excess business holdings in 2013 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2013.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2013?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?........................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    Katherine Cadiente Dir
    1.0     		11,000    
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Frank McHugh ceo / dir
    2.0     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Theresa M McHugh Dir / CFO / sec
    2.0     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Richard Riordan VP / Dir
    1.0     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Loree A Vincent Dir
    1.0     		11,000    
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Oscar Zaldana Dir
    1.0     		11,000    
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
     
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    Wells Fargo Inv Management 136,027
    433 N Camden Drive
    BEVERLY HILLS,CA90210
    Foundation Source Administrative 111,148
    55 Walls Drive 3rd fl
    Fairfield,CT06824
    Arthur Hilton Antolick CPA Accounting 131,854
    3308 Stoner Ave suite 302
    Los Angeles,CA90066
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
     
    b
    Average of monthly cash balances.......................
    1b
     
    c
    Fair market value of all other assets (see instructions)................
    1c
     
    d
    Total (add lines 1a, b, and c).........................
    1d
     
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
     
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
     
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
     
    6
    Minimum investment return. Enter 5% of line 5..................
    6
     
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    2,926,522
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    47,513
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    47,513
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,879,009
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    2,879,009
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    2,879,009
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
     
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
     
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2012     		(c)
    2012     		(d)
    2013
    1 Distributable amount for 2013 from Part XI, line 7 2,879,009
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only....... 149,397
    b Total for prior years:2011, 2010, 2009  
    3 Excess distributions carryover, if any, to 2013:
    a From 2008.......  
    b From 2009.......  
    c From 2010.......  
    d From 2011.......  
    e From 2012.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 2,661,121
    a Applied to 2012, but not more than line 2a 149,397
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2013 distributable amount..... 2,511,724
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2013.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2012. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2013. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2014 ..........     		367,285
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		 
    8Excess distributions carryover from 2008 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2009....  
    b Excess from 2010....  
    c Excess from 2011....  
    d Excess from 2012....  
    e Excess from 2013.... 0
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 9
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2013, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2013 (b) 2012 (c) 2011 (d) 2010
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ALLIANCE FOR COLLEGE - READY PUBLIC SCHOOLS
    601 S FIGUEROA ST 4TH FL
    LOS ANGELES,CA90017     		N/A PC Blended learning program for 7th and 8th grades 210,036
    ALLIANCE FOR COLLEGE - READY PUBLIC SCHOOLS
    601 S FIGUEROA ST 4TH FL
    LOS ANGELES,CA90017     		N/A PC Science Lab Equipment, specialized software for English Language learners and Special Ed students Program 59,000
    BOMBER HOCKEY GROUP INC
    17501 17TH ST STE 210
    TUSTIN,CA92780     		N/A PC General & Unrestricted 30,000
    CAMP DEL CORAZON
    11615 HESBY ST
    N HOLLYWOOD,CA91601     		N/A PC General & Unrestricted 75,000
    CAMP RONALD MCDONALD FOR GOOD TIMES
    1250 LYMAN PL
    LOS ANGELES,CA90029     		N/A PC General & Unrestricted 25,000
    CATHOLIC EDUCATION FOUNDATION
    3424 WILSHIRE BLVD 3RD FL
    LOS ANGELES,CA90010     		N/A PC scholarship Fund 1,000,000
    CHILDRENS LIFE-SAVING FOUNDATION
    1112 MONTANA AVE STE 534
    SANTA MONICA,CA90403     		N/A PC General & Unrestricted 50,000
    COMMUNITY ADVOCATES INC
    865 S FIGUEROA ST STE 3339
    LOS ANGELES,CA90017     		N/A PC General & Unrestricted 15,000
    DOWNTOWN WOMENS CENTER
    442 S SAN PEDRO ST
    LOS ANGELES,CA90013     		N/A PC General & Unrestricted 50,000
    HOMES FOR LIFE FOUNDATION
    8939 S SEPULVEDA
    LOS ANGELES,CA90045     		N/A PC General & Unrestricted 160,000
    INNER CITY EDUCATION FOUNDATION
    5120 W GOLDLEAF CIR STE 350
    LOS ANGELES,CA90056     		N/A PC Blended learning program 65,050
    INNER CITY EDUCATION FOUNDATION
    5120 W GOLDLEAF CIR STE 350
    LOS ANGELES,CA90056     		N/A PC Blended learning program 100,000
    INNER CITY EDUCATION FOUNDATION
    5120 W GOLDLEAF CIR STE 350
    LOS ANGELES,CA90056     		N/A PC Blended learning and technology Program 200,000
    JUNIPERO SERRA HIGH SCHOOL A CORP
    14830 VAN NESS AVE
    GARDENA,CA90249     		N/A PC Tuition fund for low income families 50,000
    JUNIPERO SERRA HIGH SCHOOL A CORP
    14830 VAN NESS AVE
    GARDENA,CA90249     		N/A PC Scholarship Fund 25,000
    LAS FAMILIAS DEL PUEBLO
    307 E 7TH ST
    LOS ANGELES,CA90014     		N/A PC General & Unrestricted 30,000
    LAS FAMILIAS DEL PUEBLO
    307 E 7TH ST
    LOS ANGELES,CA90014     		N/A PC At Risk after school and out of school programs 15,000
    PREVENCION Y RESCATE
    PO BOX 470623
    LOS ANGELES,CA90047     		N/A PC Drug Prevention & Rehabilitation Program 50,000
    RX FOR READING
    141 N BRISTOL AVE
    LOS ANGELES,CA90049     		N/A PC General & Unrestricted 14,000
    THE GOOD NEWS GRANT FOUNDATION INC
    9701 WILSHIRE BLVD STE 1000
    BEVERLY HILLS,CA90212     		N/A PC General & Unrestricted 10,000
    THE UCLA FOUNDATION
    10920 WILSHIRE BLVD STE 900
    LOS ANGELES,CA90024     		N/A PC Riordan Programs at UCLA Anderson School of Management 50,000
    TOBERMAN NEIGHBORHOOD CENTER INC
    630 W 1ST ST
    SAN PEDRO,CA90731     		N/A PC Resource Center, gang intervention, and child & youth services Program 25,000
    TORAT HAYIM
    1210 S LA CIENEGA BLVD
    LOS ANGELES,CA90035     		N/A PC General & Unrestricted 10,000
    VALLEY VILLAGE FOUNDATION
    20830 SHERMAN WAY
    WINNETKA,CA91306     		N/A PC General & Unrestricted 25,000
    VISION TO LEARN
    11611 SAN VICENTE BLVD STE 500
    LOS ANGELES,CA90049     		N/A PC General & Unrestricted 10,000
    Total .................................bullet 3a 2,353,086
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		    14 114  
    4 Dividends and interest from securities....     14 547,253  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     01 10,832  
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 350,371  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aINTEREST INCOME FROM MORTGAGE LOANS     14 1,727,659  
    bINCOME FROM MORTGAGE COLLECTIONS     01 4,681  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   2,640,910  
    13Total. Add line 12, columns (b), (d), and (e)..................
    132,640,910
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2013)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2013
    Name of the organization
    Frank McHugh-O'Donovan Foundation Inc
     
    Employer identification number

    20-0842449
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......................... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2013)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)
    Page 2
    Name of organization
    Frank McHugh-O'Donovan Foundation Inc
          		Employer identification number

    20-0842449
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    Christine O'Donovan Trust A dtd 81  
    11040 Santa Monica blvd suite 460
     
    Los Angeles, CA90025

    		$3,575,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)
    Page 3
    Name of organization
    Frank McHugh-O'Donovan Foundation Inc
          		Employer identification number

    20-0842449
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 MORTGAGE REC - 4119 S SAN PEDRO STREET $300,000 2013-01-08
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 MORTGAGE REC - 1320 INGRAHAM STREET $275,000 2013-01-08
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 MORTGAGE REC - 635 W 41st STREET $300,000 2013-01-08
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 MORTGAGE REC - 762 E 50th STREET $400,000 2013-01-08
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 MORTGAGE REC - 5911 S BROADWAY $200,000 2013-01-08
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 MORTGAGE REC - 8219 S CENTRAL AVENUE $300,000 2013-01-08
    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)
    Name of organization
    Frank McHugh-O'Donovan Foundation Inc
          		Employer identification number

    20-0842449
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 MORTGAGE REC - 2107 W 54th STREET $300,000 2013-01-08
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)
    Page 4
    Name of organization
    Frank McHugh-O'Donovan Foundation Inc
          		Employer identification number

    20-0842449
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    that total more than $1,000 for the year. Complete columns (a) through (e) and the following line entry.
    For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
    contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2013 AccountingFeesSchedule
    Name:
    Frank McHugh-O'Donovan Foundation Inc
    EIN: 20-0842449
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Audit Support 32,205     32,205
    Bookkeeping 131,854 30,230   101,624

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2013 DepreciationSchedule
    Name:
    Frank McHugh-O'Donovan Foundation Inc
    EIN: 20-0842449
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    BLDG-372 W VERNON 2012-11-08 161,493 0            
    BLDG-493 E 47TH ST 2013-08-16 256,060              
    IMPRV-372 W VERNON   42,908              
    IMPR-493 E 47TH ST 2013-10-31 2,800              

    TY 2013 InvestmentsCorpBondsSchedule
    Name:
    Frank McHugh-O'Donovan Foundation Inc
    EIN: 20-0842449
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AT&T INC - 3.875% - 08/15/ 202,300 202,620
    BECTON DICKINSON & CO - 3. 214,634 199,680
    BHP BILLITON FIN USA - 3.850% 202,502 200,868
    BP CAPITAL MARKETS PLC - 3.245 211,522 193,852
    DEERE & CO NT - 04.375% - 208,088 221,486
    EBAY INC-3.250%-10/15/2020 209,308 204,395
    GE CAP CORP MTN - 5.000% - 01/ 210,690 216,240
    GOLDMAN SACHS GROUP INC NTS - 218,598 229,336
    INTEL CORP NOTE - 3.300% - 10/ 211,606 198,698
    JPMORGAN CHASE & CO - 1.80 201,366 198,244
    LOWE'S COMPANIES INC - 3.875% 203,646 201,088
    MORGAN STANLEY MTN - 5.550% - 214,000 223,104
    SIMON PROPERTY GROUP - 4.125% 208,908 206,900
    STATOILHYDRO ASA - 2.900% - 10 201,236 204,028
    TARGET CORP - 2.900% - 01/15/2 201,358 191,852
    TEVA PHARM FIN IV - 03.650% - 217,008 196,164
    TEXAS INSTRS INC - 1.650% - 08 200,692 192,650
    TORONTO-DOMINION BANK - 2.375% 209,466 207,646
    TOTAL CAPITAL - 2.70% - 01/25/ 206,530 184,488
    TOYOTA MTR CRED SER B - 3.300% 210,632 198,280
    UNITED PARCEL SERVICE - 3.875% 217,176 201,714
    UNITED TECHNOLOGIES CORP - 3.1 202,984 195,556
    UNITEDHEALTH GROUP INC - 1.40% 201,196 197,474
    US BANCORP NOTE - 3.150% - 03/ 200,494 206,090
    WAL MART STORES INC-3.25%-10/2 218,512 204,222

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    Frank McHugh-O'Donovan Foundation Inc
    EIN: 20-0842449
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M CO 204,161 308,550
    AFFILIATED MANAGERS GROUP 239,793 260,256
    AFLAC INC. 196,290 267,200
    AMGEN INC 98,688 182,528
    APACHE CORPORATION 209,718 240,632
    APPLE INC. 210,117 308,561
    AQR MANAGED FUTURES FUND CL I 500,000 537,018
    ARTISAN INTERNATIONAL FUND 400,000 609,255
    BAXTER INTERNATIONAL INC 261,780 257,335
    BERKSHIRE HATHAWAY INC CL B 216,272 272,688
    BHP BILLITON LIMITED 279,426 272,800
    BOEING CO 172,676 313,927
    BRISTOL-MYERS SQUIBB CO 118,182 212,600
    CAPITAL ONE FINANCIAL CORP 215,262 291,118
    CELANESE CORPORATION 221,442 221,240
    CHEVRON CORP 230,427 287,293
    CISCO SYSTEMS INC 233,282 246,730
    CME GROUP, INC 191,627 266,764
    COCA-COLA CO 198,289 227,205
    COMCAST CORP CL A 144,133 275,441
    CONOCOPHILLIPS 112,008 162,495
    COSTCO WHOLESALE CORPORATION 115,230 166,628
    CUMMINS INC 261,887 281,940
    CVS CAREMARK CORP. 247,076 264,809
    DANAHER CORP 124,722 185,280
    DIAGEO PLC ADS 194,364 264,840
    EATON CORP PLC 220,523 289,256
    ECOLAB INC 175,484 260,675
    EMC CORP-MASS 236,259 251,500
    EXXON MOBIL CORP 211,745 273,240
    FIDELITY ADVISOR EMERG MKTS 150,000 155,476
    GENERAL ELECTRIC CO 140,504 224,240
    GOLDMAN SACHS GROUP 251,597 283,616
    GOLDMAN SACHS GRTH OPPORTUNITY 350,000 499,828
    GOOGLE INC 259,657 336,213
    HOME DEPOT INC. 118,803 247,020
    HONEYWELL INTERNATIONAL INC. 127,471 201,014
    HSBC HOLDINGS PLC 245,875 253,598
    INTEL CORP 223,076 259,600
    INTERNATIONAL BUSINESS MACHINE 241,049 262,598
    IPATH DJ AIGCITR ETN 543,959 477,750
    ISHARE SP SMALL CAP 600 INDEX 342,820 436,520
    ISHARES BARCLAYS US AGGREGATE 491,066 478,935
    ISHARES MSCI EMERGING MARKETS 338,135 334,400
    JOHNSON & JOHNSON 214,165 274,770
    JOHNSON CONTROLS INC. 198,839 307,800
    JP MORGAN CHASE & CO 200,928 292,400
    MCDONALD'S CORP 224,914 252,278
    MCKESSON CORP 166,005 322,800
    MICROSOFT CORPORATION 230,767 299,280
    NATIXIS ASG GLOBAL ALTERNAT 500,000 502,639
    NESTLE S.A. 227,150 242,847
    NOVARTIS AG ADR 143,746 184,874
    OAKMARK INTERNATIONAL FUND 400,000 603,753
    OPPENHEIMER DEVELOPING MARKETS 450,000 579,616
    ORACLE CORP 250,715 306,080
    PACIFIC GAS AND ELECTRIC CO 212,989 186,760
    PENNSYLVANIA MUTUAL FD, INV 450,000 649,814
    PIMCO EMERGING MARKETS BOND 150,000 144,250
    PIMCO FD PAC INV MGMT FOREIGN 200,000 199,009
    PIMCO HIGH-YIELD INSTL 400,000 421,839
    PROCTER GAMBLE CO 182,645 219,807
    PUTNAM FLOATING RATE INC 400,000 419,105
    QUALCOMM INC 133,269 178,200
    RIDGEWORTH FDS MID-CAP VALUE 425,000 526,722
    ROYAL BANK OF CANADA - 2.625% 211,352 207,348
    SCHLUMBERGER LTD 215,391 270,330
    SPDR DJ WILSHIRE INT 420,408 412,000
    TARGET CORPORATION 228,183 253,080
    TEMPLETON GLOBAL BD 250,000 253,536
    TENN VALLEY AUTHORITY PUT 200,901 156,975
    TEXAS INSTRUMENTS INC. 139,892 219,550
    TJX COMPANIES INC 185,563 267,666
    UNITED TECHNOLOGIES CORP 154,247 227,600
    UNITEDHEALTH GROUP INC 173,126 263,550
    US BANCORP DEL 227,882 282,800
    VANGUARD SF REIT ETF 438,962 387,360
    VANGUARD ST BOND ETF 483,957 479,580
    WALT DISNEY HOLDINGS CO. 217,695 275,040
    WELLS FARGO ADV ULTRA SHORT 400,000 402,240
    WELLS FARGO ADVANTAGE SHORT 400,000 402,183

    TY 2013 InvestmentsLandSchedule2
    Name:
    Frank McHugh-O'Donovan Foundation Inc
    EIN: 20-0842449
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BLDG-372 W VERNON 161,493   161,493  
    BLDG-493 E 47TH ST 256,060   256,060  
    IMPRV-372 W VERNON 42,908   42,908  
    IMPR-493 E 47TH ST 2,800   2,800  

    TY 2013 LandEtcSchedule2
    Name:
    Frank McHugh-O'Donovan Foundation Inc
    EIN: 20-0842449
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value


    TY 2013 LegalFeesSchedule
    Name:
    Frank McHugh-O'Donovan Foundation Inc
    EIN: 20-0842449
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    General Consultations 14,094 8,719   5,375


    TY 2013 OtherExpensesSchedule
    Name:
    Frank McHugh-O'Donovan Foundation Inc
    EIN: 20-0842449
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 111,148     111,148
    Bank Charges 21 21    
    Indemnification Insurance 24,403     24,403
    Postage/Delivery Service 12 12    
    State or Local Filing Fees 180     180
    PROPERTY MAINTENANCE 2,490 2,490    


    TY 2013 OtherIncomeSchedule2
    Name:
    Frank McHugh-O'Donovan Foundation Inc
    EIN: 20-0842449
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    interest income from mortgage loans 1,727,659 1,727,659  
    Income from Mortgage Collections 4,681 4,681  


    TY 2013 OtherProfessionalFeesSchedule
    Name:
    Frank McHugh-O'Donovan Foundation Inc
    EIN: 20-0842449
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Appraisal Services 24,350 24,350    
    Investment Management Services 172,465 172,465    
    ADMINISTRATIVE SERVICES 8,141 8,141    


    TY 2013 TaxesSchedule
    Name:
    Frank McHugh-O'Donovan Foundation Inc
    EIN: 20-0842449
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2013 44,200      
    990-PF Extension for 2012 2,305      
    Foreign Tax Paid 2,081 2,081    
    STATE TAXES 14,976 14,976    
    STATE MISCELLANEOUS FEE 137