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TIN:
Form
990-PF
Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to
www.irs.gov/Form990PF
for instructions and the latest information.
OMB No. 1545-0052
20
19
Open to Public Inspection
For calendar year 2019, or tax year beginning
01-01-2019
, and ending
12-31-2019
Name of foundation
R DALE & FRANCES M HUGHES FDN 47F100011
Number and street (or P.O. box number if mail is not delivered to street address)
PO BOX 3215
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LANCASTER
,
PA
176043215
A Employer identification number
23-7914215
B
Telephone number (see instructions)
(717) 672-2026
C
If exemption application is pending, check here
G
Check all that apply:
Initial return
Initial return of a former public charity
Final return
Amended return
Address change
Name change
D 1.
Foreign organizations, check here.............
2
. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
If private foundation status was terminated
under section 507(b)(1)(A), check here .......
H
Check type of organization:
Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust
Other taxable private foundation
F
If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here .......
I
Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)
$
51,363,141
J
Accounting method:
Cash
Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)
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)
1
Contributions, gifts, grants, etc., received (attach schedule)
2
Check
.............
3
Interest on savings and temporary cash investments
4
Dividends and interest from securities
...
1,374,308
1,374,308
5a
Gross rents
............
b
Net rental income or (loss)
6a
Net gain or (loss) from sale of assets not on line 10
627,559
b
Gross sales price for all assets on line 6a
18,660,982
7
Capital gain net income (from Part IV, line 2)
...
627,559
8
Net short-term capital gain
.........
0
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)
.......
12
Total.
Add lines 1 through 11
........
2,001,867
2,001,867
13
Compensation of officers, directors, trustees, etc.
249,341
152,477
96,864
14
Other employee salaries and wages
......
0
0
0
15
Pension plans, employee benefits
.......
0
0
16a
Legal fees (attach schedule)
.........
0
b
Accounting fees (attach schedule)
.......
c
Other professional fees (attach schedule)
....
51,517
51,517
0
17
Interest
...............
0
18
Taxes (attach schedule) (see instructions)
...
22,155
2,234
0
19
Depreciation (attach schedule) and depletion
...
0
0
20
Occupancy
..............
21
Travel, conferences, and meetings
.......
0
0
22
Printing and publications
..........
0
0
23
Other expenses (attach schedule)
.......
261
22
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
323,274
206,250
0
96,864
25
Contributions, gifts, grants paid
.......
2,295,000
2,295,000
26
Total expenses and disbursements.
Add lines 24 and 25
2,618,274
206,250
0
2,391,864
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
-616,407
b
Net investment income
(if negative, enter -0-)
1,795,617
c
Adjusted net income
(if negative, enter -0-)
...
0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X
Form
990-PF
(2019)
Form 990-PF (2019)
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
1
Cash—non-interest-bearing
.............
2
Savings and temporary cash investments
.........
920,976
371,161
371,161
3
Accounts receivable
Less: allowance for doubtful accounts
0
0
4
Pledges receivable
Less: allowance for doubtful accounts
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)
Less: allowance for doubtful accounts
0
8
Inventories for sale or use
..............
9
Prepaid expenses and deferred charges
..........
10a
Investments—U.S. and state government obligations (attach schedule)
1,574,609
6,341,835
6,369,739
b
Investments—corporate stock (attach schedule)
.......
17,148,186
15,958,399
28,173,080
c
Investments—corporate bonds (attach schedule)
.......
9,770,574
6,161,816
6,411,199
11
Investments—land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
12
Investments—mortgage loans
.............
13
Investments—other (attach schedule)
..........
10,083,119
10,044,950
10,037,962
14
Land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
15
Other assets (describe
)
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
39,497,464
38,878,161
51,363,141
17
Accounts payable and accrued expenses
..........
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
)
23
Total liabilities
(add lines 17 through 22)
.........
0
Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24
Net assets without donor restrictions
...........
25
Net assets with donor restrictions
............
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26
Capital stock, trust principal, or current funds
........
39,497,464
38,878,161
27
Paid-in or capital surplus, or land, bldg., and equipment fund
28
Retained earnings, accumulated income, endowment, or other funds
29
Total net assets or fund balances
(see instructions)
.....
39,497,464
38,878,161
30
Total liabilities and net assets/fund balances
(see instructions)
.
39,497,464
38,878,161
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 29 (must agree with end-of-year figure reported on prior year’s return)
...............
1
39,497,464
2
Enter amount from Part I, line 27a
.....................
2
-616,407
3
Other increases not included in line 2 (itemize)
3
8,555
4
Add lines 1, 2, and 3
..........................
4
38,889,612
5
Decreases not included in line 2 (itemize)
5
11,451
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29
.
6
38,878,161
Form
990-PF
(2019)
Form 990-PF (2019)
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
1252. AGNC INVESTMENT CORP
2019-03-15
2019-05-28
b
204000. AT&T INC 5.650% 02/15/47
2018-03-05
2019-04-09
c
186000. ABBOTT LABORATORIES 2.900% 11/30/21
2018-02-05
2019-12-19
d
207. ALEXANDRIA REAL ESTATE EQUITIES INC
2015-03-20
2019-05-28
e
103. ALLEGHENY TECHNOLOGIES INC
2014-11-14
2019-03-15
586. ALLEGHENY TECHNOLOGIES INC
2017-12-15
2019-05-28
265. ALLSTATE CORP
2016-09-02
2019-05-28
88000. ALTRIA GROUP INC 4.800% 02/14/29
2019-02-12
2019-07-24
545. AMERICAN CAMPUS COMMUNITIES REITS
2017-10-06
2019-05-28
268000. AMERICAN EXPRESS CO 2.500% 08/01/22
2018-02-15
2019-02-19
282000. AMERICAN EXPRESS CO 3.400% 02/22/24
2019-02-19
2019-06-04
125000. AMERICAN INTL GROUP 4.200% 04/01/28
2018-03-19
2019-07-02
119. AMERISOURCEBERGEN CORP
2016-10-17
2019-05-28
169. AMERIPRISE FINANCIAL INC
2016-10-28
2019-05-28
13. AMERIPRISE FINANCIAL INC
2018-11-30
2019-05-28
500. AMGEN INC
2017-06-07
2019-12-12
195. ANADARKO PETROLEUM CORP
2016-06-03
2019-04-26
57. ANADARKO PETROLEUM CORP
2016-06-03
2019-05-03
160. ANADARKO PETROLEUM CORP
2017-07-17
2019-05-28
131000. ANHEUSER-BUSCH INBEV 5.550% 01/23/49 WORLDWIDE INC
2019-01-10
2019-05-29
76000. ANHEUSER BUSCH INBEV 4.000% 04/13/28 WORLDWIDE INC
2018-03-20
2019-07-01
137. APERGY CORP
2017-05-12
2019-05-03
372000. APPLE INC 2.200% 09/11/29
2019-09-04
2019-10-28
370000. APPLE INC 2.950% 09/11/49
2019-09-16
2019-10-28
146. ARAMARK
2017-02-17
2019-03-15
250. ARAMARK
2017-10-20
2019-05-28
565. ARRAY BIOPHARMA INC
2019-01-17
2019-06-25
867. ARRAY BIOPHARMA INC
2018-12-18
2019-06-25
141000. ASTRAZENECA PLC 2.375% 06/12/22
2018-03-05
2019-11-27
191. AUTOLIV INC
2013-03-01
2019-05-01
34. BERRY GLOBAL GROUP INC
2018-02-16
2019-02-01
421. BERRY GLOBAL GROUP INC
2018-05-04
2019-05-28
77. BERRY GLOBAL GROUP INC
2018-06-29
2019-05-28
410. BORGWARNER INC
2016-07-29
2019-05-28
1048. BRIXMOR PROPERTY GROUP INC
2017-06-16
2019-05-28
4500. CF INDUSTRIES HOLDINGS INC
2018-09-05
2019-12-12
130. CARTER'S INC
2018-03-15
2019-05-28
72. CARTER'S INC
2018-10-05
2019-05-28
23. CHARLES RIVER LABORATORIES INTL INC
2013-03-19
2019-02-15
76. CHARLES RIVER LABORATORIES INTL INC
2013-03-19
2019-05-03
108. CHARLES RIVER LABORATORIES INTL INC
2015-10-23
2019-05-28
.614 CHESAPEAKE ENERGY CORP
2018-12-12
2019-02-27
2934. CHESAPEAKE ENERGY CORP
2018-12-12
2019-05-09
3809. CHESAPEAKE ENERGY CORP
2018-10-15
2019-05-09
244. CIMAREX ENERGY CO
2018-03-23
2019-05-28
45. CIMAREX ENERGY CO
2018-12-21
2019-05-28
112000. CITIGROUP INC 2.700% 10/27/22
2017-10-23
2019-12-11
63000. CITIGROUP INC 2.700% 10/27/22
2017-10-23
2019-12-17
351. CLEAN HARBORS INC
2017-10-13
2019-05-28
258000. COMCAST CORP 3.700% 04/15/24
2018-10-02
2019-10-29
1530. CONDUENT INC
2019-05-24
2019-05-28
21. CONSTELLATION BRANDS INC
2019-01-25
2019-05-03
100. CONSTELLATION BRANDS INC
2019-01-25
2019-05-28
1376. CORTEVA INC
2017-06-07
2019-07-12
100000. DH EUROPE FIN II 3.400% 11/15/49 SARL
2019-10-29
2019-12-18
28. DTE ENERGY CO
2017-01-23
2019-05-03
217. DTE ENERGY CO
2017-01-23
2019-05-28
505. DARLING INGREDIENTS INC
2018-11-19
2019-05-28
845. DARLING INGREDIENTS INC
2017-08-18
2019-05-28
492. DENTSPLY SIRONA INC
2018-05-11
2019-05-28
247. DIAMONDBACK ENERGY INC
2019-05-03
2019-05-28
48. DOLLAR GENERAL CORP
2018-12-07
2019-05-28
89. DOLLAR GENERAL CORP
2016-10-17
2019-05-28
38. DOLLAR TREE INC
2017-02-17
2019-04-12
219. DOLLAR TREE INC
2018-03-09
2019-05-28
122. DOMINO'S PIZZA INC
2017-07-12
2019-08-16
36. DOVER CORP
2012-11-06
2019-04-26
83. DOVER CORP
2012-12-21
2019-05-03
156. DOVER CORP
2017-05-12
2019-05-28
1376. DOW INC
2017-06-07
2019-05-03
1376. DUPONT DE NEMOURS INC
2017-06-07
2019-07-12
1550. EOG RESOURCES INC
2018-09-05
2019-12-12
423. EQT CORP
2017-12-08
2019-05-28
107. EQT CORP
2018-12-21
2019-05-28
257. EDISON INTERNATIONAL
2018-03-29
2019-05-28
424. ENCOMPASS HEALTH CORP
2019-05-03
2019-05-28
242. ENTERGY CORP
2019-05-03
2019-05-28
52. EQUINIX INC
2015-11-13
2019-05-28
124000. EQUINOR ASA 3.250% 11/18/49
2019-11-13
2019-12-13
152000. EQUINOR ASA 3.250% 11/18/49
2019-11-13
2019-12-19
338. EQUITRANS MIDSTREAM CORP
2017-12-08
2019-05-28
651. EVERGY INC
2017-03-31
2019-05-28
.636 EXACT SCIENCES CORP
2019-11-13
2019-11-18
41000. EXXON MOBIL CORP 2.222% 03/01/21
2016-09-20
2019-12-19
318. FMC CORP
2018-03-09
2019-05-28
35642. FEDERATED HERMES HIGH YIELD STRATEGY PORT -744
2012-06-15
2019-09-27
268. FIDELITY NATL INFORMATION SVCS INC
2015-11-06
2019-05-28
228. FLUOR CORP
2015-04-13
2019-05-24
230000. FORD MOTOR CO 5.291% 12/08/46
2017-05-05
2019-01-11
277. FORTINET INC
2015-03-17
2019-01-31
236000. GENERAL MOTORS FIN 4.150% 06/19/23
2018-06-14
2019-05-14
199. GENOMIC HEALTH INC
2019-02-05
2019-11-13
171000. GLAXOSMITHKLINE CAP INC 3.375% 05/15/23
2018-05-10
2019-10-22
.379 GLOBAL PAYMENTS INC
2012-12-26
2019-09-24
196. GRUBHUB INC
2017-06-09
2019-03-27
528. HAIN CELESTIAL GROUP INC
2017-09-29
2019-05-28
170. HAIN CELESTIAL GROUP INC
2019-03-15
2019-05-28
2250. HARLEY-DAVIDSON INC
2009-01-19
2019-02-14
402. HARTFORD FINL SVCS GRP INC
2016-08-05
2019-05-28
42. HARTFORD FINL SVCS GRP INC
2019-05-03
2019-05-28
976. HOST HOTELS & RESORTS INC
2015-03-20
2019-05-28
581. HUAZHU GRP LTD ADR SPON
2018-03-15
2019-03-22
525. HUAZHU GRP LTD ADR SPON
2018-09-28
2019-12-03
156. INGREDION INC
2018-08-24
2019-05-28
4250. INTERNATIONAL PAPER CO
2018-09-05
2019-12-12
2. ISHARES RUSSELL MIDCAP VALUE ETF
2017-09-15
2019-03-15
43. ISHARES RUSSELL MIDCAP VALUE ETF
2018-05-18
2019-03-15
130. ISHARES RUSSELL MIDCAP VALUE ETF
2018-05-18
2019-04-05
287000. JPMORGAN CHASE 3.207% 04/01/23
2019-03-15
2019-07-22
1. JOHNSON & JOHNSON LITIGATION PROCEEDS
2004-01-27
2019-06-19
130. KAR AUCTION SERVICES INC
2014-12-12
2019-01-25
139. KAR AUCTION SERVICES INC
2014-12-12
2019-03-01
244. KAR AUCTION SERVICES INC
2017-03-10
2019-03-15
73. KAR AUCTION SERVICES INC
2019-02-22
2019-03-15
320. KAR AUCTION SERVICES INC
2019-03-06
2019-11-26
382. KAR AUCTION SERVICES INC
2018-06-26
2019-11-26
237. KROGER CO
2017-10-06
2019-05-28
345. KROGER CO
2018-09-14
2019-05-28
143. KROGER CO
2019-03-08
2019-05-28
252. LKQ CORP
2018-10-26
2019-05-28
1054. LKQ CORP
2018-04-27
2019-05-28
383. LEIDOS HOLDING INC
2018-07-27
2019-05-28
94. LIVE NATION ENTERTAINMENT INC
2017-09-05
2019-03-22
.426 LIVENT CORP
2014-12-26
2019-03-28
1036. LIVENT CORP
2019-03-15
2019-05-28
297. LIVENT CORP
2018-03-09
2019-05-28
100. LOXO ONCOLOGY INC
2018-12-18
2019-02-21
92. M&T BANK CORP
2016-09-02
2019-05-28
1689. MACON TECHNOLOGY SOLUTIONS HLDGS INC
2018-02-16
2019-05-28
130. MERCADOLIBRE INC
2015-07-06
2019-08-28
127000. MERCK & CO INC 3.400% 03/07/29
2019-03-05
2019-07-03
193. MICHAELS COS INC
2018-06-29
2019-05-28
568. MICHAELS COS INC
2018-01-05
2019-05-28
188. MID-AMERICA APARTMENT CMTY REITS
2017-04-28
2019-05-28
205. MIDDLEBY CORP
2015-09-22
2019-04-04
60000. MORGAN STANLEY 4.431% 01/23/30
2019-01-17
2019-02-12
1320. NAVIENT CORPORATION
2016-10-13
2019-01-08
120. NEW RELIC INC
2019-03-06
2019-12-27
190. NEW RELIC INC
2018-12-18
2019-12-27
550. NEWELL BRANDS INC
2018-02-16
2019-05-28
462. NEWELL BRANDS INC
2018-11-09
2019-05-28
1146. NISOURCE INC
2018-11-19
2019-05-28
250. NORFOLK SOUTHERN CORP
2011-03-21
2019-12-12
1109. NUTANIX INC
2018-09-05
2019-12-30
1200. NVIDIA CORP
2018-03-21
2019-12-12
90000. OCCIDENTAL PETROLEUM 2.900% 08/15/24
2019-08-06
2019-09-12
683. OLIN CORP
2018-05-04
2019-05-28
3800. ORACLE CORP
2018-03-21
2019-12-12
369000. ORACLE CORP 3.250% 11/15/27
2018-03-05
2019-07-01
709. PGT INC
2018-10-15
2019-03-06
242. PTC INC
2017-01-13
2019-05-28
478. PACWEST BANCORP
2018-01-05
2019-05-28
107. PARKER-HANNIFIN CORP
2013-08-09
2019-05-28
544. PATTERSON COMPANIES INC
2017-01-23
2019-05-28
84. PINNACLE FINL PARTNERS
2019-02-15
2019-05-28
314. PINNACLE FINL PARTNERS
2018-02-12
2019-05-28
27. PINNACLE WEST CAPITAL CORP
2015-07-10
2019-05-03
290. PINNACLE WEST CAPITAL CORP
2016-12-23
2019-05-28
362. PRESTIGE CONSUMER HEALTHCARE INC
2018-03-23
2019-01-17
250. PRESTIGE CONSUMER HEALTHCARE INC
2016-04-12
2019-01-17
262. QORVO INC
2016-01-15
2019-05-28
236. QUEST DIAGNOSTICS INC
2019-05-03
2019-05-28
54. RPM INTERNATIONAL INC
2018-10-05
2019-05-28
334. RPM INTERNATIONAL INC
2018-05-25
2019-05-28
306. REGAL BELOIT CORP
2016-08-12
2019-05-28
170. REINSURANCE GROUP OF AMERICA INC
2015-12-11
2019-05-28
173000. ROYAL BK OF CANADA 2.150% 10/26/20
2017-10-18
2019-03-14
266000. ROYAL BK OF CANADA 3.700% 10/05/23
2018-10-01
2019-03-19
103. SAGE THERAPEUTICS INC
2018-05-15
2019-12-05
228. SCOTTS MIRACLE-GRO CO-CL A
2018-02-02
2019-05-28
63. SCOTTS MIRACLE-GRO CO-CL A
2018-06-22
2019-05-28
142000. SHELL INTL FIN BV 3.500% 11/13/23
2018-11-07
2019-12-13
194000. SHELL INTL FIN BV 3.875% 11/13/28
2018-11-07
2019-07-26
324000. SHELL INTL FIN BV 2.375% 11/07/29
2019-11-04
2019-12-18
54. SIGNATURE BANK
2018-10-19
2019-05-28
151. SIGNATURE BANK
2017-06-02
2019-05-28
40. SNAP-ON INC
2017-08-04
2019-02-01
131. SNAP-ON INC
2018-03-02
2019-05-28
72. SONOCO PRODUCTS CO
2017-09-29
2019-02-22
210. SONOCO PRODUCTS CO
2017-10-06
2019-04-18
272. STERICYCLE INC
2016-08-05
2019-05-28
638. STERLING BANCORP DE
2018-09-28
2019-05-28
613. STERLING BANCORP DE
2018-05-25
2019-05-28
616. SUPERNUS PHARMACEUTICALS INC
2015-05-18
2019-09-17
39. SYNOPSYS INC
2013-12-06
2019-04-05
166. SYNOPSYS INC
2015-12-11
2019-05-28
77000. TEVA PHARM FIN NL 2.200% 07/21/21 NETHERLANDS III BV
2016-07-18
2019-12-04
147000. 3M CO 2.375% 08/26/29
2019-08-19
2019-11-07
64. TRACTOR SUPPLY CO
2017-12-26
2019-03-22
224000. TOYOTA MOTOR CR CORP 3.450% 09/20/23
2018-09-17
2019-03-15
196000. TOYOTA MOTOR CR CORP 3.450% 09/20/23
2018-09-17
2019-03-18
3. TREEHOUSE FOODS INC
2016-01-26
2019-02-15
496. TREEHOUSE FOODS INC
2018-05-18
2019-05-28
47. TREEHOUSE FOODS INC
2018-11-09
2019-05-28
555. TRIPADVISOR INC
2018-06-27
2019-11-26
438. TYSON FOODS INC CLASS A
2019-04-18
2019-05-28
80. ULTIMATE SOFTWARE GROUP INC
2017-07-12
2019-03-01
48. ULTIMATE SOFTWARE GROUP INC
2018-03-19
2019-03-01
101000. UNITED PARCEL SVC 2.200% 09/01/24
2019-08-13
2019-10-30
293. UNITED RENTALS INC
2016-11-04
2019-12-12
41000. US TREAS BONDS 3.000% 02/15/48
2018-04-24
2019-01-07
121000. US TREAS BONDS 3.000% 02/15/48
2018-04-24
2019-01-10
38000. US TREAS BONDS 3.000% 02/15/48
2018-04-24
2019-01-16
42000. US TREAS BONDS 3.000% 02/15/48
2018-10-11
2019-01-16
260000. US TREAS BONDS 3.000% 02/15/48
2019-01-11
2019-09-04
66000. US TREAS BONDS 3.000% 02/15/48
2019-04-09
2019-09-04
10000. US TREAS BONDS 3.000% 02/15/48
2019-05-29
2019-10-29
156000. US TREAS BONDS 3.000% 02/15/48
2019-04-09
2019-10-29
247000. US TREAS BONDS 3.000% 02/15/48
2019-09-11
2019-11-13
343000. US TREAS NOTES 1.375% 07/31/19
2019-01-07
2019-02-21
10000. US TREAS NOTES 1.375% 07/31/19
2019-01-07
2019-03-18
188000. US TREAS NOTES 1.375% 07/31/19
2019-01-07
2019-04-23
257000. US TREAS NOTES 2.875% 08/15/28
2018-10-10
2019-01-07
60000. US TREAS NOTES 2.750% 09/15/21
2018-10-11
2019-01-04
221000. US TREAS NOTES 2.750% 09/15/21
2018-10-11
2019-01-07
101000. US TREAS NOTES 3.125% 11/15/28
2019-01-11
2019-01-16
122000. US TREAS NOTES 2.625% 02/15/29
2019-02-21
2019-03-05
15000. US TREAS NOTES 2.625% 02/15/29
2019-02-21
2019-03-18
184000. US TREAS NOTES 2.625% 02/15/29
2019-02-21
2019-05-01
104000. US TREAS NOTES 2.625% 02/15/29
2019-02-28
2019-07-08
125000. US TREAS NOTES 2.625% 02/15/29
2019-02-28
2019-08-13
122000. US TREAS NOTES 2.625% 02/15/29
2019-03-13
2019-08-19
307000. US TREAS NOTES 2.625% 02/15/29
2019-04-23
2019-09-04
70000. US TREAS NOTES 2.625% 02/15/29
2019-07-01
2019-11-04
220000. US TREAS NOTES 2.625% 02/15/29
2019-04-23
2019-11-04
60000. US TREAS NOTES 2.500% 02/28/21
2019-03-14
2019-03-15
121000. US TREAS NOTES 2.500% 02/28/21
2019-03-14
2019-04-23
477000. US TREAS NOTES 2.375% 02/29/24
2019-03-19
2019-05-01
102000. US TREAS NOTES 2.250% 04/30/24
2019-05-02
2019-07-16
83000. US TREAS NOTES 2.250% 04/30/24
2019-05-02
2019-08-06
61000. US TREAS NOTES 2.250% 04/30/24
2019-05-08
2019-08-13
185000. US TREAS NOTES 2.250% 04/30/24
2019-05-08
2019-09-11
42000. US TREAS NOTES 2.250% 04/30/24
2019-05-08
2019-10-09
142000. US TREAS NOTES 1.500% 02/28/19
2018-05-09
2019-01-16
60000. US TREAS NOTES 1.500% 02/28/19
2018-05-09
2019-01-17
5000. US TREAS NOTES 1.500% 02/28/19
2018-05-09
2019-02-19
210000. US TREAS NOTES 1.500% 02/28/19
2018-08-15
2019-02-28
399000. US TREAS NOTES 1.500% 02/28/19
2019-02-05
2019-02-28
20000. US TREAS NOTES 1.500% 10/31/19
2019-02-27
2019-03-18
82000. US TREAS NOTES 1.500% 10/31/19
2019-02-27
2019-04-23
224000. US TREAS NOTES 1.500% 10/31/19
2019-02-27
2019-05-02
729000. US TREAS NOTES 1.500% 10/31/19
2019-05-01
2019-05-08
101000. US TREAS NOTES 1.500% 10/31/19
2019-05-01
2019-06-12
146000. US TREAS NOTES 1.500% 10/31/19
2019-05-01
2019-07-16
106. VAIL RESORTS INC
2017-07-12
2019-03-01
69. VALVOLINE INC
2019-03-08
2019-05-28
1118. VALVOLINE INC
2018-05-11
2019-05-28
105. VEEVA SYSTEMS INC - CLASS A
2018-03-15
2019-11-26
191. VEONEER INC
2013-03-01
2019-03-06
202. VEONEER INC
2018-09-28
2019-03-06
127000. WALMART INC 3.700% 06/26/28
2018-06-20
2019-03-13
354. WEIBO CORP ADR SPON
2019-02-27
2019-12-12
98. WELLCARE HEALTH PLANS INC
2018-10-11
2019-12-12
49. WELLCARE HEALTH PLANS INC
2019-03-22
2019-12-12
310000. WELLS FARGO 4.150% 01/24/29
2019-01-16
2019-02-28
296000. WESTPAC BKG CORP 3.650% 05/15/23
2018-05-08
2019-05-29
841. AXALTA COATING SYSTEMS LTD
2017-11-01
2019-05-23
290. ICON PLC
2014-09-05
2019-01-17
300. INGERSOLL-RAND PLC
2009-01-19
2019-12-12
219. JAZZ PHARMACEUTICALS PLC
2018-05-15
2019-03-15
457. AERCAP HOLDINGS NV
2016-02-26
2019-05-28
760. WRIGHT MEDICAL GRP NV ADR SPON
2019-08-09
2019-12-11
903. WRIGHT MEDICAL GRP NV ADR SPON
2018-11-02
2019-12-11
CAPITAL GAIN DIVIDENDS
P
(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
21,167
21,606
-439
b
226,110
204,355
21,755
c
189,668
185,736
3,932
d
29,954
14,456
15,498
e
2,624
3,317
-693
12,912
13,597
-685
25,356
15,912
9,444
95,467
87,751
7,716
25,884
20,950
4,934
262,413
267,241
-4,828
289,713
281,679
8,034
133,689
124,534
9,155
9,623
9,530
93
24,658
13,647
11,011
1,897
1,681
216
117,549
80,500
37,049
13,981
10,101
3,880
4,135
2,953
1,182
11,474
7,501
3,973
146,323
130,564
15,759
81,705
75,404
6,301
5,442
3,805
1,637
364,080
370,542
-6,462
353,661
367,080
-13,419
4,371
4,748
-377
7,896
9,482
-1,586
26,083
9,743
16,340
40,025
13,243
26,782
142,265
140,299
1,966
14,896
8,441
6,455
1,669
1,931
-262
20,083
23,222
-3,139
3,673
3,559
114
14,844
17,916
-3,072
18,628
22,554
-3,926
203,506
231,638
-28,132
11,479
14,494
-3,015
6,358
7,066
-708
3,210
1,022
2,188
10,744
3,378
7,366
13,881
5,839
8,042
2
2
7,614
8,462
-848
9,884
15,101
-5,217
15,449
27,015
-11,566
2,849
2,737
112
113,549
111,626
1,923
63,903
62,790
1,113
22,813
18,606
4,207
274,914
257,985
16,929
14,091
17,329
-3,238
4,442
3,502
940
19,367
16,679
2,688
36,621
20,138
16,483
102,689
99,756
2,933
3,500
2,759
741
27,512
21,384
6,128
9,609
10,173
-564
16,078
10,409
5,669
26,441
25,001
1,440
25,591
22,569
3,022
5,786
4,938
848
10,727
6,263
4,464
3,965
3,041
924
21,318
16,970
4,348
28,487
26,070
2,417
3,470
1,485
1,985
8,206
3,515
4,691
14,030
9,677
4,353
72,694
76,127
-3,433
97,893
166,207
-68,314
118,139
181,916
-63,777
8,005
15,109
-7,104
2,025
2,007
18
15,287
13,848
1,439
25,170
25,659
-489
23,584
23,256
328
25,673
11,863
13,810
126,941
122,035
4,906
154,049
149,591
4,458
6,924
13,590
-6,666
38,288
29,114
9,174
51
52
-1
41,207
41,119
88
22,670
18,264
4,406
464,772
476,254
-11,482
32,045
10,175
21,870
6,634
13,473
-6,839
192,050
229,204
-37,154
21,162
9,517
11,645
240,265
235,651
4,614
12,858
15,661
-2,803
178,832
170,198
8,634
61
10
51
12,996
8,739
4,257
11,386
21,081
-9,695
3,666
3,827
-161
82,548
29,835
52,713
21,212
13,937
7,275
2,216
2,219
-3
18,539
16,693
1,846
22,534
8,729
13,805
17,632
17,273
359
12,198
15,832
-3,634
197,646
215,852
-18,206
174
169
5
3,745
3,791
-46
11,530
11,463
67
292,614
287,000
5,614
9
9
6,707
4,443
2,264
6,608
4,751
1,857
11,945
8,693
3,252
3,574
3,448
126
6,837
5,947
890
8,162
7,923
239
5,625
5,086
539
8,188
9,817
-1,629
3,394
3,539
-145
6,614
6,720
-106
27,662
32,265
-4,603
28,893
23,387
5,506
5,943
3,767
2,176
5
4
1
6,782
13,181
-6,399
1,944
2,841
-897
23,500
13,959
9,541
15,060
11,299
3,761
24,245
51,174
-26,929
76,288
17,339
58,949
135,928
126,286
9,642
1,794
3,706
-1,912
5,280
12,234
-6,954
21,496
17,891
3,605
28,048
22,781
5,267
62,043
60,000
2,043
13,510
18,394
-4,884
8,105
12,068
-3,963
12,833
15,482
-2,649
7,945
15,551
-7,606
6,674
9,117
-2,443
32,185
29,180
3,005
47,889
15,657
32,232
34,261
34,490
-229
263,948
300,473
-36,525
90,068
89,883
185
14,244
18,405
-4,161
213,350
182,077
31,273
386,937
369,992
16,945
10,114
15,190
-5,076
20,864
12,012
8,852
17,631
23,551
-5,920
16,665
9,886
6,779
11,945
22,363
-10,418
4,548
4,889
-341
17,002
19,478
-2,476
2,541
1,636
905
27,747
17,718
10,029
10,337
12,066
-1,729
7,139
14,190
-7,051
15,999
14,923
1,076
23,072
21,603
1,469
2,959
3,275
-316
18,304
17,158
1,146
22,610
20,517
2,093
25,344
11,979
13,365
171,327
172,900
-1,573
272,605
265,447
7,158
6,793
17,553
-10,760
20,496
20,697
-201
5,663
5,150
513
149,757
141,406
8,351
212,593
192,506
20,087
319,853
321,713
-1,860
6,344
6,241
103
17,738
19,786
-2,048
6,613
6,119
494
20,413
20,039
374
4,280
3,633
647
12,713
10,683
2,030
12,595
24,614
-12,019
12,893
14,695
-1,802
12,387
15,414
-3,027
17,959
8,124
9,835
4,542
1,402
3,140
19,530
6,984
12,546
73,439
76,873
-3,434
144,782
145,409
-627
6,005
4,831
1,174
229,233
223,561
5,672
200,492
195,616
4,876
179
223
-44
26,796
29,973
-3,177
2,539
2,262
277
16,003
26,378
-10,375
35,234
26,077
9,157
26,511
17,275
9,236
15,907
11,798
4,109
101,548
100,913
635
47,105
22,562
24,543
41,210
39,647
1,563
119,284
117,006
2,278
37,409
36,746
663
41,347
41,339
8
319,120
247,946
71,174
81,007
67,189
13,818
11,380
10,665
715
177,529
158,809
18,720
279,679
274,912
4,767
340,898
340,870
28
9,939
9,938
1
186,875
186,832
43
261,363
249,541
11,822
60,417
59,679
738
222,362
219,817
2,545
104,484
104,677
-193
120,999
121,271
-272
15,032
14,910
122
186,365
182,900
3,465
109,216
103,385
5,831
135,181
124,263
10,918
133,004
121,353
11,651
338,396
308,082
30,314
75,146
73,784
1,362
236,173
221,083
15,090
60,066
60,042
24
121,274
121,085
189
479,683
476,077
3,606
103,689
101,526
2,163
85,707
82,614
3,093
62,809
60,804
2,005
190,203
184,848
5,355
43,542
41,966
1,576
141,174
141,174
59,651
59,651
4,971
4,971
209,379
208,921
458
397,821
398,279
-458
19,867
19,864
3
81,469
81,443
26
222,598
222,478
120
725,168
725,079
89
100,617
100,550
67
145,462
145,350
112
22,065
21,798
267
1,202
1,291
-89
19,470
24,479
-5,009
16,754
5,020
11,734
5,041
3,622
1,419
5,332
11,069
-5,737
131,723
126,611
5,112
15,291
25,946
-10,655
31,009
29,813
1,196
15,504
12,088
3,416
317,456
309,448
8,008
305,256
295,920
9,336
20,786
27,977
-7,191
38,440
15,452
22,988
40,146
4,061
36,085
29,878
34,703
-4,825
21,068
19,107
1,961
22,378
16,655
5,723
26,588
25,117
1,471
501
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
-439
b
21,755
c
3,932
d
15,498
e
-693
-685
9,444
7,716
4,934
-4,828
8,034
9,155
93
11,011
216
37,049
3,880
1,182
3,973
15,759
6,301
1,637
-6,462
-13,419
-377
-1,586
16,340
26,782
1,966
6,455
-262
-3,139
114
-3,072
-3,926
-28,132
-3,015
-708
2,188
7,366
8,042
-848
-5,217
-11,566
112
1,923
1,113
4,207
16,929
-3,238
940
2,688
16,483
2,933
741
6,128
-564
5,669
1,440
3,022
848
4,464
924
4,348
2,417
1,985
4,691
4,353
-3,433
-68,314
-63,777
-7,104
18
1,439
-489
328
13,810
4,906
4,458
-6,666
9,174
-1
88
4,406
-11,482
21,870
-6,839
-37,154
11,645
4,614
-2,803
8,634
51
4,257
-9,695
-161
52,713
7,275
-3
1,846
13,805
359
-3,634
-18,206
5
-46
67
5,614
9
2,264
1,857
3,252
126
890
239
539
-1,629
-145
-106
-4,603
5,506
2,176
1
-6,399
-897
9,541
3,761
-26,929
58,949
9,642
-1,912
-6,954
3,605
5,267
2,043
-4,884
-3,963
-2,649
-7,606
-2,443
3,005
32,232
-229
-36,525
185
-4,161
31,273
16,945
-5,076
8,852
-5,920
6,779
-10,418
-341
-2,476
905
10,029
-1,729
-7,051
1,076
1,469
-316
1,146
2,093
13,365
-1,573
7,158
-10,760
-201
513
8,351
20,087
-1,860
103
-2,048
494
374
647
2,030
-12,019
-1,802
-3,027
9,835
3,140
12,546
-3,434
-627
1,174
5,672
4,876
-44
-3,177
277
-10,375
9,157
9,236
4,109
635
24,543
1,563
2,278
663
8
71,174
13,818
715
18,720
4,767
28
1
43
11,822
738
2,545
-193
-272
122
3,465
5,831
10,918
11,651
30,314
1,362
15,090
24
189
3,606
2,163
3,093
2,005
5,355
1,576
458
-458
3
26
120
89
67
112
267
-89
-5,009
11,734
1,419
-5,737
5,112
-10,655
1,196
3,416
8,008
9,336
-7,191
22,988
36,085
-4,825
1,961
5,723
1,471
2
Capital gain net income or (net capital loss)
If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
2
627,559
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
...................
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?
Yes
No
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 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))
2018
2,478,419
47,355,078
0.052337
2017
2,496,253
47,772,058
0.052253
2016
2,302,542
45,873,561
0.050193
2015
1,967,661
39,671,720
0.049599
2014
2,097,063
36,751,622
0.05706
2
Total
of line 1, column (d)
.....................
2
0.261442
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years
......
3
0.052288
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5
......
4
48,133,452
5
Multiply line 4 by line 3
......................
5
2,516,802
6
Enter 1% of net investment income (1% of Part I, line 27b)
...........
6
17,956
7
Add lines 5 and 6
........................
7
2,534,758
8
Enter qualifying distributions from Part XII, line 4
,.............
8
2,391,864
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
(2019)
Form 990-PF (2019)
Page
4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a
Exempt operating foundations described in section 4940(d)(2), check here
and enter “N/A" on line 1.
Date of ruling or determination letter:
(attach copy of letter if necessary–see instructions)
b
Domestic foundations that meet the section 4940(e) requirements in Part V, check
1
35,912
here
and 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
0
3
Add lines 1 and 2
...........................
3
35,912
4
Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
4
0
5
Tax based on investment income.
Subtract line 4 from line 3. If zero or less, enter -0-
.....
5
35,912
6
Credits/Payments:
a
2019 estimated tax payments and 2018 overpayment credited to 2019
6a
37,000
b
Exempt foreign organizations—tax withheld at source
......
6b
c
Tax paid with application for extension of time to file (Form 8868)
...
6c
0
d
Backup withholding erroneously withheld
...........
6d
7
Total credits and payments. Add lines 6a through 6d
..............
7
37,000
8
Enter any
penalty
for underpayment of estimated tax.
Check here
if Form 2220 is attached.
8
0
9
Tax due.
If the total of lines 5 and 8 is more than line 7, enter
amount owed
.......
9
10
Overpayment.
If line 7 is more than the total of lines 5 and 8, enter the
amount overpaid
...
10
1,088
11
Enter the amount of line 10 to be:
Credited to 2020 estimated tax
1,088
Refunded
11
0
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 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.
$
(2)
On foundation managers.
$
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.
$
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)
PA
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 2019 or the taxable year beginning in 2019? See the 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
Form
990-PF
(2019)
Form 990-PF (2019)
Page
5
Part VII-A
Statements Regarding Activities
(continued)
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 address
www.dfhughesfoundation.org
14
The books are in care of
FULTON BANK NA
Telephone no.
(610) 898-8356
Located at
2747 CENTURY BLVD
WYOMISSING
PA
ZIP+4
19610
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of
Form 1041
—check here
.........
and enter the amount of tax-exempt interest received or accrued during the year
........
15
16
At any time during calendar year 2019, did the foundation have an interest in or a signature or other authority over
Yes
No
a bank, securities, or other financial account in a foreign country?
.................
16
No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country
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?
Yes
No
(2)
Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person?
......................
Yes
No
(3)
Furnish goods, services, or facilities to (or accept them from) a disqualified person?
Yes
No
(4)
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
Yes
No
(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)?
...............
Yes
No
(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.)
.......
Yes
No
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 instructions
........
1b
No
Organizations relying on a current notice regarding disaster assistance check here
........
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 2019?
.............
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 2019, did the foundation have any undistributed income (lines 6d
and 6e, Part XIII) for tax year(s) beginning before 2019?
.............
Yes
No
If "Yes," list the years
20
,
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.
20
,
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?
......................
Yes
No
b
If "Yes," did it have excess business holdings in 2019 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 2019.)
..................
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 2019?
4b
No
Form
990-PF
(2019)
Form 990-PF (2019)
Page
6
Part VII-B
Statements Regarding Activities for Which Form 4720 May Be Required
(continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1)
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
Yes
No
(2)
Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive?
.............
Yes
No
(3)
Provide a grant to an individual for travel, study, or other similar purposes?
Yes
No
(4)
Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions
................
Yes
No
(5)
Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals?
.....
Yes
No
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
Organizations relying on a current notice regarding disaster assistance check here
.........
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?
..........
Yes
No
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?
.....................
Yes
No
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?
Yes
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction?
....
7b
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year?
.................
Yes
No
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
FULTON BANK NA
CO-TRUSTEE
10
152,477
ONE PENN SQUARE
LANCASTER
,
PA
17602
PATRICIA G HUGHES
CO-TRUSTEE
3
24,216
3210 GULF BLVD
ST PETE BEACH
,
FL
33706
KEVIN D HUGHES
CO-TRUSTEE
3
24,216
3210 GULF BLVD
ST PETE BEACH
,
FL
33706
SCOTT R HUGHES
CO-TRUSTEE
3
24,216
2215 CHERRY COURT
STROUDSBURG
,
PA
18360
CARL E HUGHES
CO-TRUSTEE
3
24,216
2215 CHERRY COURT
STROUDSBURG
,
PA
18360
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
NONE
Total
number of other employees paid over $50,000
...................
0
Form
990-PF
(2019)
Form 990-PF (2019)
Page
7
Part VIII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
(continued)
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
NONE
Total
number of others receiving over $50,000 for professional services
.............
0
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
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 instructions.
3
Total.
Add lines 1 through 3
.........................
Form
990-PF
(2019)
Form 990-PF (2019)
Page
8
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
48,010,271
b
Average of monthly cash balances
.......................
1b
856,178
c
Fair market value of all other assets (see instructions)
................
1c
0
d
Total
(add lines 1a, b, and c)
.........................
1d
48,866,449
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation)
.............
1e
0
2
Acquisition indebtedness applicable to line 1 assets
..................
2
0
3
Subtract line 2 from line 1d
.........................
3
48,866,449
4
Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
instructions)
.............................
4
732,997
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3. Enter here and on Part V, line 4
5
48,133,452
6
Minimum investment return.
Enter 5% of line 5
..................
6
2,406,673
Part XI
Distributable Amount
(see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here
and do not complete this part.)
1
Minimum investment return from Part X, line 6
....................
1
2,406,673
2a
Tax on investment income for 2019 from Part VI, line 5
......
2a
35,912
b
Income tax for 2019. (This does not include the tax from Part VI.)
...
2b
c
Add lines 2a and 2b
............................
2c
35,912
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
2,370,761
4
Recoveries of amounts treated as qualifying distributions
................
4
0
5
Add lines 3 and 4
............................
5
2,370,761
6
Deduction from distributable amount (see instructions)
.................
6
0
7
Distributable amount
as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1
...
7
2,370,761
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
2,391,864
b
Program-related investments—total from Part IX-B
..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes
...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)
....................
3a
0
b
Cash distribution test (attach the required schedule)
.................
3b
0
4
Qualifying distributions.
Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
4
2,391,864
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
0
6
Adjusted qualifying distributions.
Subtract line 5 from line 4
..............
6
2,391,864
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
(2019)
Form 990-PF (2019)
Page
9
Part XIII
Undistributed Income
(see instructions)
(a)
Corpus
(b)
Years prior to 2018
(c)
2018
(d)
2019
1
Distributable amount for 2019 from Part XI, line 7
2,370,761
2
Undistributed income, if any, as of the end of 2019:
a
Enter amount for 2018 only
.......
291,028
b
Total for prior years:
20
,
20
,
20
0
3
Excess distributions carryover, if any, to 2019:
a
From 2014
......
0
b
From 2015
......
0
c
From 2016
......
0
d
From 2017
......
0
e
From 2018
......
0
f
Total
of lines 3a through e
........
0
4
Qualifying distributions for 2019 from Part
XII, line 4:
$
2,391,864
a
Applied to 2018, but not more than line 2a
291,028
b
Applied to undistributed income of prior years
(Election required—see instructions)
.....
0
c
Treated as distributions out of corpus (Election
required—see instructions)
........
0
d
Applied to 2019 distributable amount
.....
2,100,836
e
Remaining amount distributed out of corpus
0
5
Excess distributions carryover applied to 2019.
0
0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6
Enter 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
..........
0
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
......
0
d
Subtract line 6c from line 6b. Taxable amount
—see instructions
...........
0
e
Undistributed income for 2018. Subtract line
4a from line 2a. Taxable amount—see
instructions
.............
0
f
Undistributed income for 2019. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2020
..........
269,925
7
Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions)
.......
0
8
Excess distributions carryover from 2014 not
applied on line 5 or line 7 (see instructions)
...
0
9
Excess distributions carryover to 2020.
Subtract lines 7 and 8 from line 6a
......
0
10
Analysis of line 9:
a
Excess from 2015
....
0
b
Excess from 2016
....
0
c
Excess from 2017
....
0
d
Excess from 2018
....
0
e
Excess from 2019
....
0
Form
990-PF
(2019)
Form 990-PF (2019)
Page
10
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 2019, enter the date of the ruling
.......
b
Check box to indicate whether the organization is a private operating foundation described in section
4942(j)(3)
or
4942(j)(5)
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)
2019
(b)
2018
(c)
2017
(d)
2016
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 foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1
Information Regarding Foundation Managers:
a
List 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).)
b
List 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.
2
Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here
if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
a
The name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
CO KEVIN HUGHES
PO BOX 728
STROUDSBURG
,
PA
18360
(610) 898-8356
grantapps@dfhughesfoundation.org
b
The form in which applications should be submitted and information and materials they should include:
ELECTRONIC ONLY - SEE WEBSITE FOR DETAILS
c
Any submission deadlines:
APRIL 1 - APRIL 30, EACH YEAR
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
1) REGISTERED NON-PROFIT GROUP UNDER SECTION 501(C)(3) OF THE IRC AND 2) BASED IN MONROE COUNTY, OR PROVIDE SUBSTANTIAL SERVICES TO THE RESIDENTS OF MONROE COUNTY
Form
990-PF
(2019)
Form 990-PF (2019)
Page
11
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)
a
Paid during the year
POCONO MOUNTAIN REGIONAL EMS
135 TEGAWITHA ROAD
TOBYHANNA
,
PA
18466
N/A
PC
NEW AMBULANCE PURCHASE
164,467
SALVATION ARMY
226 WASHINGTON STREET
EAST STROUDSBURG
,
PA
18301
N/A
PC
EAST STROUDSBURG OPERATIONS
100,000
MONROE COUNTY HISTORICAL ASSOCIATION
900 MAIN ST
STROUDSBRUG
,
PA
18360
N/A
PC
OPERATIONS
7,500
POCONO MOUNTAIN PUBLIC LIBRARY
5500 MUNICIPAL DRIVE
TOBYHANNA
,
PA
18466
N/A
PC
OPERATIONS
53,391
CENTER FOR VISION LOSS
845 WEST WYOMING STREET
ALLENTOWN
,
PA
18103
N/A
PC
VISION REHAB & LOW VISION
20,000
POCONO SERVICES FOR FAMILY &
CHILDREN
212 WEST FOURTH STREET
EAST STROUDSBURG
,
PA
18301
N/A
PC
DEBT REDUCTION
250,000
QUIET VALLEY LIVING HISTORICAL FARM
347 QUIET VALLEY ROAD
STROUDSBURG
,
PA
18360
N/A
PC
OPERATIONS
15,000
MONROE COUNTY YOUTH EMPLOYMENT SVC
2937 ROUTE 611
TANNERSVILLE
,
PA
18372
N/A
PC
YOUTH PROGRAMS
15,000
NORTHAMPTON COUNTY COMMUNITY COLLEGE
FOUNDATION
3835 GREEN POND ROAD
BETHLEHEM
,
PA
18020
N/A
PC
CAMPUS CONSTRUCTION &
450,000
DELAWARE WATER GAP
CELEBRATION OF ARTS
PO BOX 249
DELAWARE WATER GAP
,
PA
18327
N/A
PC
JAZZ FESTIVAL & ACTIVITIES
15,000
WOMEN'S RESOURCES OF MONROE COUNTY
PO BOX 645
DELAWARE WATER GAP
,
PA
18327
N/A
PC
DOMESTIC VIOLENCE PROGRAM
60,000
PLEASANT VALLEY ECUMENICAL NETWORK
PO BOX 561
SAYLORSBURG
,
PA
18353
N/A
PC
DEBT REDUCTION & OPERATIONS
164,000
POCONO HEALTH FOUNDATION
206 E BROWN STREET
EAST STROUDSBURG
,
PA
18301
N/A
SO I
CANCER CENTER PLEDGE
500,000
BRODHEADS WATERSHED ASSOCIATION
PO BOX 339
HENRYVILLE
,
PA
18332
N/A
PC
OPERATIONS
7,500
POCONO AREA TRANSITIONAL HOUSING
814 MAIN STREET
STROUDSBURG
,
PA
18360
N/A
PC
GROUP HOME OPERATIONS
70,000
MONROE COUNTY HABITAT FOR HUMANITY
354 MEMORIAL BLVD
TOBYHANNA
,
PA
18466
N/A
PC
REHABILITATION OF MONROE
30,000
DEVELOPMENTAL EDUCATIONAL SERVICES
FOUNDATION
400 POWERHOUSE LANE
STROUDSBURG
,
PA
18360
N/A
SO II
HANDICAP VEHICLE PURCHASE
45,000
MONROE COUNTY MEALS ON WHEELS
901 POLK VALLEY ROAD
STROUDSBURG
,
PA
18360
N/A
PC
VAN PURCHASE & SENIOR
26,000
PLEASANT VALLEY MANOR INC
4227 MANOR DRIVE
STROUDSBURG
,
PA
18360
N/A
PC
TRANSPORT VEHICLE
62,775
CLYMER LIBRARY ASSOC OF
POCONO PINES
115 FIREHOUSE ROAD
POCONO PINES
,
PA
18350
N/A
PC
OPERATIONS
136,000
BARRETT PARADISE FRIENDLY LIBRARY
6500 ROUTE 191
CRESCO
,
PA
18326
N/A
PC
ARCHIVAL PROJECT &
43,800
THE FRIENDLY COMMUNITY CENTER
PO BOX 604
MOUNTAINHOME
,
PA
18342
N/A
PC
SENIOR & COMMUNITY PROGRAMS
13,100
FAMILY PROMISE OF MONROE COUNTY INC
PO BOX 1021
STROUDSBURG
,
PA
18360
N/A
PC
OPERATIONS & UTILITY COSTS
36,467
CHILDRENS ADVOCACY CENTER
OF MONROE COUNTY
PO BOX 608
BARTONSVILLE
,
PA
18321
N/A
PC
CHILD ABUSE SUPPORT
10,000
Total
.................................
3a
2,295,000
b
Approved for future payment
Total
.................................
3b
Form
990-PF
(2019)
Form 990-PF (2019)
Page
12
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.)
1
Program service revenue:
(a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
b
c
d
e
f
g
Fees and contracts from government agencies
2
Membership dues and assessments
....
3
Interest on savings and temporary cash
investments
...........
4
Dividends and interest from securities
....
14
1,374,308
5
Net rental income or (loss) from real estate:
a
Debt-financed property
......
b
Not debt-financed property
.....
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
627,559
9
Net income or (loss) from special events:
10
Gross profit or (loss) from sales of inventory
11
Other revenue:
a
b
c
d
e
12
Subtotal. Add columns (b), (d), and (e)
..
2,001,867
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
2,001,867
(See worksheet in line 13 instructions to verify calculations.)
Part XVI-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
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
(2019)
Form 990-PF (2019)
Page
13
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) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
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) (other than section 501(c)(3)) or in section 527?
...........
Yes
No
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) is based on all information of which preparer has any knowledge.
May the IRS discuss this return
with the preparer shown below
(see instr.)
Yes
No
Signature of officer or trustee
Date
Title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's Signature
Date
Check if self-
employed
PTIN
Firm's name
Firm's EIN
Firm's address
Phone no.
Form
990-PF
(2019)
Additional Data
Software ID:
Software Version:
Form 990PF - Special Condition Description:
Special Condition Description