TY 2020 Form 990PF

- TIN:

Form990-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.
bullet

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0052

2020

Open to Public Inspection

For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020

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 Rd
Room/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)

(800) 839-1754

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

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 ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$104,027,862J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)	0
2	Check .............
3	Interest on savings and temporary cash investments	47,954		47,954
4	Dividends and interest from securities...	1,052,840		1,051,681
5a	Gross rents............	791,993		791,993
b	Net rental income or (loss) -312,047
6a	Net gain or (loss) from sale of assets not on line 10		-350,239
b	Gross sales price for all assets on line 6a 20,749,706
7	Capital gain net income (from Part IV, line 2)...			0
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).......		253,676	253,676
12	Total. Add lines 1 through 11........	1,796,224		2,145,304
13	Compensation of officers, directors, trustees, etc.	3,000				3,000
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		35,892	34,249	0	1,643
b	Accounting fees (attach schedule).......		100,319	0	0	100,319
c	Other professional fees (attach schedule)....		295,499	295,499
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		661,939	648,305
19	Depreciation (attach schedule) and depletion...		213,980	213,980	0
20	Occupancy..............	250		250
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		400,875	214,665		186,210
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	1,711,754		1,406,948	0	291,172
25	Contributions, gifts, grants paid.......	4,400,000				4,400,000
26	Total expenses and disbursements. Add lines 24 and 25	6,111,754		1,406,948	0	4,691,172
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-4,315,530
b	Net investment income (if negative, enter -0-)			738,356
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2020)

Form 990-PF (2020)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	10,339,980	8,325,926	8,325,926
	3	Accounts receivable 6,528
		Less: allowance for doubtful accounts	9,245	6,528	6,528
	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
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	2,373,101	2,803,459	2,864,596
	b	Investments—corporate stock (attach schedule).......	30,068,129	28,438,486	45,694,688
	c	Investments—corporate bonds (attach schedule).......	5,342,974	4,864,178	4,956,302
	11	Investments—land, buildings, and equipment: basis 14,380,153
		Less: accumulated depreciation (attach schedule) 434,630	14,132,603	13,945,523	33,695,600
	12	Investments—mortgage loans.............	4,826,263	4,526,175	4,526,175
	13	Investments—other (attach schedule)..........	3,720,001	3,577,191	3,958,047
	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)	70,812,296	66,487,466	104,027,862
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons	10,000
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )	50,531	51,231
	23	Total liabilities (add lines 17 through 22).........	60,531	51,231
		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........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds	70,751,765	66,436,235
	29	Total net assets or fund balances (see instructions).....	70,751,765	66,436,235
	30	Total liabilities and net assets/fund balances (see instructions).	70,812,296	66,487,466

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

70,751,765

Enter amount from Part I, line 27a .....................

-4,315,530

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

66,436,235

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

66,436,235

Form 990-PF (2020)

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	(d) Date sold (mo., day, yr.)
1 a	Publicly-traded Securities
b	SKYBRIDGE MULTI-ADSR HF SER G	P	2020-01-31
c	SKYBRIDGE MULTI-ADSR HF SER G	P	2020-01-31
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	19,681,120	19,983,908	-302,788
b	1,015,157	1,064,071	-48,914
c	53,429	51,966	1,463
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			-302,788
b			-48,914
c			1,463
d
e

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	-350,239
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

SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE

1 Reserved

(a) Reserved	(b) Reserved	(c) Reserved	(d) Reserved

Reserved...........................

Reserved,..........................

Form 990-PF (2020)

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	Reserved................................	1	10,263
c	All other domestic foundations enter 1.39% 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	10,263
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	10,263
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	11,800
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	3,650
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	15,450
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	1
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	5,186
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax5,186	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.

If "Yes," complete Part XIV .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

The books are in care of bullet

Foundation Source Telephone no. bullet

(800) 839-1754

Located at bullet

501 Silverside Road Suite 123WilmingtonDE ZIP+4 bullet

198091377

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ........ bullet

16 At any time during calendar year 2020, 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 the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country bullet

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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 2020?.............

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)):

At the end of tax year 2020, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2020?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

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

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

If "Yes," did it have excess business holdings in 2020 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 2020.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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 2020?

Form 990-PF (2020)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

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-)
Katherine Cadiente	Dir 1.0	1,000
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir 1.0	1,000
Anna Johnson	Dir 1.0	1,000
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir 1.0	1,000
Celina McHugh	Dir 1.0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir 1.0	0
Frank McHugh	CEO, Dir 2.0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	CEO, Dir 2.0	0
Patricia McHugh	Dir 1.0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir 1.0	0
Theresa M McHugh	Dir, Sec 2.0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Sec 2.0	0
Richard Riordan	Dir, VP 1.0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, VP 1.0	0
Loree A Vincent	Dir 1.0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir 1.0	0
Oscar Zaldana	Dir 1.0	1,000
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir 1.0	1,000

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...................

Form 990-PF (2020)

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
Foundation Source	Administrative	146,002
55 Walls Drive 3rd Fl Fairfield,CT06824	Administrative	146,002
Wells Fargo	Investment mgmt	139,914
po box 95021 HENDERSON,NV890095021	Investment mgmt	139,914
Morgan Stanley	Investment mgmt	139,556
15260 ventura blvd ste 1900 SHERMAN OAKS,CA91403	Investment mgmt	139,556
Squar Milner LLP	accounting	100,319
18500 Von Karman Ave 10th Floor Irvine,CA92612	accounting	100,319

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

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......................... bullet

Form 990-PF (2020)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

46,835,006

Average of monthly cash balances.......................

12,184,500

Fair market value of all other assets (see instructions)................

42,159,733

Total (add lines 1a, b, and c).........................

101,179,239

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

101,179,239

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

1,517,689

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

99,661,550

Minimum investment return. Enter 5% of line 5..................

4,983,078

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

Minimum investment return from Part X, line 6....................

4,983,078

Tax on investment income for 2020 from Part VI, line 5......

10,263

Income tax for 2020. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

10,263

Distributable amount before adjustments. Subtract line 2c from line 1............

4,972,815

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

4,972,815

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

4,972,815

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

4,691,172

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

4,691,172

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.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

4,691,172

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 (2020)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(c) 2019	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7				4,972,815
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......			4,624,402
b Total for prior years:2018, 2017, 2016
3 Excess distributions carryover, if any, to 2020:
a From 2015......
b From 2016......
c From 2017......
d From 2018......
e From 2019......
fTotal of lines 3a through e........
4Qualifying distributions for 2020 from Part
XII, line 4: $ 4,691,172
a Applied to 2019, but not more than line 2a			4,624,402
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 2020 distributable amount.....				66,770
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2020.
(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 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2020. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2021 ..........				4,906,045
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) .......
8 Excess distributions carryover from 2015 not applied on line 5 or line 7 (see instructions) ...
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2016....
b Excess from 2017....
c Excess from 2018....
d Excess from 2019....
e Excess from 2020....	0

Form 990-PF (2020)

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 2020, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(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) 2020	(b) 2019	(c) 2018	(d) 2017	(e) Total

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.)

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

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

aThe name, address, and telephone number or email address 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 (2020)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ANTELOPE VALLEY CONSERVANCY PO BOX 8 LAKE HUGHES,CA93532	N/A	PC	Joshua Tree Woodland Preserve	64,677
ANTELOPE VALLEY CONSERVANCY PO BOX 8 LAKE HUGHES,CA93532	N/A	PC	Bobcat Fire Restoration Project	10,000
CENTRO DE REHABILITACION EBENEZER INC 624 S CHICAGO ST LOS ANGELES,CA90023	N/A	PC	General & Unrestricted	5,000
COMMUNITY PARTNERS PO BOX 741265 LOS ANGELES,CA90074	N/A	PC	General Support	20,000
DIY GIRLS PO BOX 330662 PACOIMA,CA91333	N/A	PC	STEM-based programs for giRLS	25,000
ECO URBAN GARDENS 4647 KINGSWELL AVE RM 127 LOS ANGELES,CA90027	N/A	PC	Eco Urban Gardens Farm to School Program	35,000
EL NIDO FAMILY CENTERS 440 SHATTO PL NO 417 LOS ANGELES,CA90020	N/A	PC	COVID-19 Response fund for Low-Income Families	20,000
HISPANIC SCHOLARSHIP FUND 1411 W 190TH ST STE 700 GARDENA,CA90248	N/A	PC	2020-21 HSF Support Services fund	50,000
HOMES FOR LIFE FOUNDATION 8939 S SEPULVEDA STE 460 LOS ANGELES,CA90045	N/A	PC	TO FUND A MEDICAL SERVICES COORDINATOR POSITION	80,000
IOLANI SCHOOL 563 KAMOKU ST HONOLULU,HI96826	N/A	PC	To support the students and programs at Iolani School	50,000
LA COMPOST 221 W AVE 45 LOS ANGELES,CA90065	N/A	PC	General & Unrestricted	10,000
LAS BEST 200 NORTH SPRING ST STE M-120 LOS ANGELES,CA90012	N/A	PC	General Support	30,000
LAS FAMILIAS DEL PUEBLO 225 S OLIVE ST 605 LOS ANGELES,CA90012	N/A	PC	General & Unrestricted	45,000
LOS ANGELES ARBORETUM FOUNDATION INC 301 N BALDWIN AVE ARCADIA,CA91007	N/A	PC	youth education programming	20,000
LOS ANGELES BOYS & GIRLS CLUB 2635 PASADENA AVE LOS ANGELES,CA90031	N/A	PC	Project CONNECT!	100,000
LOS ANGELES NEIGHBORHOOD LAND TRUST 1689 BEVERLY BLVD LOS ANGELES,CA90026	N/A	PC	General & Unrestricted	15,000
MAYORS FUND FOR LOS ANGELES 200 N SPRING ST RM 305B LOS ANGELES,CA90012	N/A	PC	The Angeleno Fund - COVID-19 Crisis Response Efforts	20,000
MESIVTA OF GREATER LOS ANGELES 25115 MUREAU RD HIDDEN HILLS,CA91302	N/A	PC	General & Unrestricted	26,000
MUTTVILLE 255 ALABAMA ST SAN FRANCISCO,CA94103	N/A	PC	Muttville Senior Dog Rescue Education program	50,000
NATURE CONSERVANCY 830 S ST SACRAMENTO,CA95811	N/A	PC	The Tehachapi Wildlife Corridor project	140,000
OXNARD UNION HIGH SCHOOL DISTRICT 309 S K ST OXNARD,CA93030	N/A	GOV	Farm to School Program	50,000
OXNARD UNION HIGH SCHOOL DISTRICT 309 S K ST OXNARD,CA93030	N/A	GOV	OUHSD Farm to School Program- 2021-22 School Year	175,000
PUBLIC MEDIA GROUP OF SOUTHERN CALIFORNIA 3080 BRISTOL ST STE 100 COSTA MESA,CA92626	N/A	PC	Family Math Program	25,000
PUENTE LEARNING CENTER 501 S BOYLE AVE LOS ANGELES,CA90033	N/A	PC	General & Unrestricted	25,000
RAINBOW SERVICES LTD 453 W 7TH ST SAN PEDRO,CA90731	N/A	PC	Shelter Expansion project for Families Affected By Domestic violence	200,000
SACRED HEART HIGH SCHOOL 2111 GRIFFIN AVE LOS ANGELES,CA90031	N/A	PC	Gym and Student Activities Center	250,000
ST MONICA ACADEMY INC 2361 DEL MAR RD MONTROSE,CA91020	N/A	PC	Renovation project of College Counseling Office	5,000
ST GENEVIEVE HIGH SCHOOL 13967 ROSCOE BLVD Panorama City,CA91402	N/A	PC	Campus Master Plan Project including the Center for performing arts complex and parish fellowship center construction	1,000,000
STELLA ADLER THEATRE 6773 HOLLYWOOD BLVD 2ND FLOOR HOLLYWOOD,CA90028	N/A	PC	General & Unrestricted	75,000
TASHBAR SEPHARDIC YESHIVA KETANA 1210 S LA CIENEGA BLVD LOS ANGELES,CA90035	N/A	PC	General & Unrestricted	10,000
THE CHILDRENS LIFE-SAVING FOUNDATION 1112 MONTANA AVE SUITE 534 SANTA MONICA,CA90403	N/A	PC	Step Forward Emergency Family Fund for COVID relief	200,000
THE HARMONY PROJECT 4322 WILSHIRE BLVD STE 101 LOS ANGELES,CA90010	N/A	PC	General & Unrestricted	75,000
THE ROMAN CATHOLIC ARCHBISHOP OF LOS ANGELES A CO 3424 WILSHIRE BLVD LOS ANGELES,CA90010	N/A	PC	tuition assistance fund	1,000,000
THE UCLA FOUNDATION 10889 WILSHIRE BLVD STE 1500 LOS ANGELES,CA90024	N/A	PC	The Riordan Programs	35,000
TREEPEOPLE INC 12601 MULHOLLAND DR BEVERLY HILLS,CA90210	N/A	PC	Eco-Tours Program: Experiential to Virtual learning	50,000
VALLEY VILLAGE 20830 SHERMAN WAY WINNETKA,CA91306	N/A	PC	Program support that enhances the quality of life for adults with developmental disabilities	25,000
VIP COMMUNITY MENTAL HEALTH CENTER INC 1721 GRIFFIN AVE LOS ANGELES,CA90031	N/A	PC	immediate needs fund	5,000
WE CARE SOLAR 2150 ALLSTON WAY STE 340 BERKELEY,CA94704	N/A	PC	Light Every Birth: A clean energy program for safe childbirth and women's empowerment	70,000
WE CARE SOLAR 2150 ALLSTON WAY STE 340 BERKELEY,CA94704	N/A	PC	Lighting Up Lives: An experiential Southern California solar education program	244,323
YESHIVAT OHR CHANOCH INC 1540 S ROBERTSON BLVD LOS ANGELES,CA90035	N/A	PC	General & Unrestricted	15,000
ZOOLOGICAL SOCIETY OF SAN DIEGO PO BOX 120551 SAN DIEGO,CA92112	N/A	PC	Kenya Conservation Initiative	50,000
Total ................................. 3a				4,400,000

bApproved for future payment

Total ................................. 3b

Form 990-PF (2020)

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.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
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	47,954
4 Dividends and interest from securities....			14	1,052,840
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....			16	-312,047
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	-350,239
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aK-1 Inc/Loss			14	431
bINTEREST INCOME FROM MORTGAGE LOANS			14	245,862
cINCOME FROM MORTGAGE COLLECTIONS			01	336
dFORECLOSURE FEE REFUND			01	6,695
eINCOME FROM RENTAL PROPERTIES			01	352
12 Subtotal. Add columns (b), (d), and (e)..				692,184

13Total. Add line 12, columns (b), (d), and (e)..................

692,184

(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 (2020)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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

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 instructions. 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 (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2020 AccountingFeesSchedule

Name:

Frank McHugh-O'Donovan Foundation Inc

EIN:

20-0842449

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Audit Fees	99,600			99,600
General Consultations	719			719

- TIN:

TY 2020 CompensationExplanation

Name:

Frank McHugh-O'Donovan Foundation Inc

EIN:

20-0842449

Person Name	Explanation
Katherine Cadiente	*Removed from foundation in 2020
Anna Johnson	*Removed from foundation in 2020
Theresa M McHugh	*theresa m mchugh, director and secretary of frank mchugh-o'donovan foundation, inc. (the Foundation), is president at the property management firm of la property & asset management corporation, a disqualified person which provides professional labor services to the Foundation. During the taxable year ending december 31, 2020, the Foundation paid $4,113 for legal and professional labor services rendered by such disqualified person as reported in Form 990-PF, Part I, Lines 16a and 16c. Such property management firm billed the Foundation at or below the rate it charges its other clients.
Richard Riordan	*Removed from foundation in 2020
Loree A Vincent	*removed from foundation in 2020
Oscar Zaldana	*Removed from foundation in 2020

- TIN:

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

TY 2020 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
AIR RIGHTS (845 W	2018-12-28	2,756,000	0	SL				0
BLDG IMP REPIPE IN	2019-07-19	143,530	2,175	SL	27	5,219	5,219	0
BLDG IMP REPIPE 68	2020-02-28	38,200	0	SL	27	1,158	1,158	0
BUILDING (2552 E 5	2018-12-28	2,000	73	SL	39	73	73	0
BUILDING - 10 UNIT	2018-12-28	502,557	21,972	SL	27	21,972	21,972	0
BUILDING - 20 UNIT	2018-12-28	1,392,374	70,259	SL	27	70,259	70,259	0
BUILDING - 3 STORE	2018-12-28	90,992	4,157	SL	39	4,157	4,157	0
BUILDING - 7 STORE	2018-12-28	339,141	12,150	SL	39	12,150	12,150	0
BUILDING - 8 STORE	2018-12-28	1,255,000	40,506	SL	39	40,506	40,506	0
BUILDING - AUTO RE	2018-12-28	145,000	4,572	SL	39	4,572	4,572	0
BLDG IMP - 1/1/18	2018-12-28	78,522	2,958	SL	27	2,958	2,958	0
BLDG IMP - 2/2/04	2018-12-28	2,706	214	SL	27	214	214	0
BLDG IMP - 6/30/17	2018-12-28	19,963	769	SL	27	769	769	0
BLDG IMP - 9/29/12	2018-12-28	1,239	59	SL	27	59	59	0
BLDG IMP - 12/1/12	2018-12-28	31,200	947	SL	39	947	947	0
CARPET (1381 S WAL	2018-12-28	827	73	SL	15	73	73	0
CHURCH	2018-12-28	121,000	3,814	SL	39	3,814	3,814	0
CONCRETE CEMENT AS	2018-12-28	8,000	278	SL	39	278	278	0
CONDOMINIUM	2018-12-28	192,000	10,234	SL	27	10,234	10,234	0
DECK	2018-12-28	1,256	78	SL	27	78	78	0
ELECTRICAL IMP	2018-12-28	1,733	55	SL	39	55	55	0
FENCE	2018-12-28	564	44	SL	37	44	44	0
RAILINGS	2018-12-28	804	62	SL	27	62	62	0
RETROFIT SITUATION	2018-12-28	20,348	1,256	SL	27	1,256	1,256	0
ROOF (1139 E 68TH)	2018-12-28	1,559	95	SL	27	95	95	0
ROOF - 1/30/12	2018-12-28	1,889	59	SL	39	59	59	0
ROOF - 1/31/10	2018-12-28	742	40	SL	27	40	40	0
ROOF - 1/31/13	2018-12-28	2,509	116	SL	27	116	116	0
ROOF - 3/31/13	2018-12-28	10,199	470	SL	27	470	470	0
ROOF - 9/8/18	2018-12-28	35,349	913	SL	39	913	913	0
ROOF - 10/30/09	2018-12-28	1,599	87	SL	27	87	87	0
ROOF - 11/17/04	2018-12-28	4,529	182	SL	39	182	182	0
SEC BARS - 10/3/11	2018-12-28	1,104	55	SL	27	55	55	0
SEC BARS -11/19/04	2018-12-28	369	27	SL	27	27	27	0
TILE FLOOR &SHOWER	2018-12-28	1,441	45	SL	39	45	45	0
TILE FLOOR-1/9/13	2018-12-28	1,389	64	SL	27	64	64	0
TILE FLOOR-1/14/13	2018-12-28	1,958	91	SL	27	91	91	0
TILE FLOOR-1/25/13	2018-12-28	1,292	60	SL	27	60	60	0
TILE FLOOR-2/21/13	2018-12-28	803	37	SL	27	37	37	0
TILE FLOOR-8/12/13	2018-12-28	2,458	111	SL	27	111	111	0
TILE FLOOR-8/28/13	2018-12-28	2,412	109	SL	27	109	109	0
TILE FLOOR-10/7/12	2018-12-28	2,129	100	SL	27	100	100	0
TILE FLOOR-12/8/12	2018-12-28	2,093	98	SL	27	98	98	0
WOODEN BEAMS	2018-12-28	4,001	238	SL	27	238	238	0
CARPET (10206-08 I	2018-12-28	449	40	SL	15	40	40	0
APPLIANCES	2018-12-28	479	192	SL	5	192	192	0
BLINDS & LOCKS	2018-12-28	450	180	SL	5	180	180	0
BLINDS (10206-08 I	2018-12-28	253	101	SL	5	101	101	0
HEATERS &GAS LINES	2018-12-28	9,536	3,814	SL	5	3,814	3,814	0
HVAC (1271-89 W JE	2018-12-28	27,990	718	SL	39	718	718	0
HVAC (1381 S WALNU	2018-12-28	2,443	107	SL	39	107	107	0
STOVE (10206-08 I	2018-12-28	299	120	SL	5	120	120	0
WATER HTR INGLEWOO	2019-02-10	7,135	1,249	SL	5	1,427	1,427	0
WATER HTR 1271-89	2019-05-29	2,950	246	SL	7	421	421	0
LAND (10206-08 ING	2018-12-28	541,000	0	L				0
LAND (1139 E 68TH)	2018-12-28	191,000	0	L				0
LAND (1271-89 W JE	2018-12-28	962,000	0	L				0
LAND (1381 S WALNU	2018-12-28	133,000	0	L				0
LAND (2552 E 57TH)	2018-12-28	143,000	0	L				0
LAND (310 W AVE)	2018-12-28	70,597	0	L				0
LAND (45132 SPEARM	2018-12-28	235,000	0	L				0
LAND (5001-13 S HO	2018-12-28	178,000	0	L				0
LAND (5269-73 S BR	2018-12-28	110,000	0	L				0
LAND (6080-84 S HO	2018-12-28	399,000	0	L				0
LAND (845 W OLYMPI	2018-12-28	2,514,297	0	L				0
LAND (916 W 9TH)	2018-12-28	1,260,667	0	L				0
LAND-DEM BLDG (845	2018-12-28	1	0	L				0
LAND-DEM BLDG (916	2018-12-28	1	0	L				0
LAND-DEM&ASB REM 8	2018-12-28	1	0	L				0
LAND-DEM&ASB REM 9	2018-12-28	1	0	L				0
LAND IMP-FENCE(526	2018-12-28	1,075	100	SL	15	100	100	0
HAZ WASTE RMVL 09	2018-12-28	1	0	SL				0
HAZ WASTE RMVL 10	2018-12-28	1	0	SL				0
LIGHTING & ELECTRI	2018-12-28	913	167	SL	15	167	167	0
PARKING LOT (845 W	2018-12-28	78,788	14,324	SL	15	14,324	14,324	0
PARKING LOT PAV 09	2018-12-28	23,236	2,267	SL	15	2,267	2,267	0
PARKING LOT PAV 10	2018-12-28	16,095	1,497	SL	15	1,497	1,497	0
PAVING (1271-89 W	2018-12-28	14,413	1,159	SL	15	1,159	1,159	0
TANK	2018-12-28	1	0	SL				0
BLDG-372 W VERNON	2014-06-01	72,232	14,667	SL	27	2,627	2,627	0
LAND-372 W VERNON	2014-06-01	132,169	0	L
BLDG IMP REPIPE 68	2020-02-28	26,900		SL	27	815	815	0

- TIN:

TY 2020 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
ALIBABA GROUP - 3.125% - 11/28	102,202	101,976
AMERICAN HONDA - 1.650% - 09/2	101,061	100,720
AMERICAN HONDA FIN CORP - 0.40	50,001	50,071
ANTHEM INC NOTE - 3.650% - 12/	21,216	23,053
APPLE INC NOTE - 3.440% - 02/2	151,079	150,235
ATT INC - 3.800% - 02/15/2027	14,508	17,264
BANK AMER CORP MTN - 2.884% -	54,781	57,102
BANK OF AMERICA CORP - 2.625%	101,436	100,699
BANK OF AMERICA CORP - 5.700%	27,052	26,422
BANK OF MONTREAL MTN - 2.550%	24,769	25,997
BAXTER INTL - 1.700% - 08/15/2	101,016	100,701
BB&T CORP - 2.150% - 02/01/202	100,379	100,000
BNP PARIBAS - 3.250% - 03/03/2	29,354	31,883
BP CAP MARKETS - 3.119% - 05/0	24,860	27,679
CAMPBELL SOUP CO - 3.300% - 03	101,138	100,584
CAPITAL ONE FINL CORP - 4.750%	104,258	102,333
CAPITAL ONE FINL CORP NOTE - 3	29,113	34,224
CATERPILLAR FINL SVCS - 0.650%	50,355	50,419
CHARLES SCHWAB CORP - 3.250% -	101,386	100,895
CHEVRON CORP - 3.191% - 06/24/	31,240	31,837
CIGNA CORP - 3.400% - 09/17/20	102,855	102,149
CISCO SYSTEMS - 2.200% - 02/28	100,815	100,311
CITIGROUP INC NOTE - 3.668% -	51,285	56,876
COMCAST CORP - 3.300% - 02/01/	27,651	28,225
COMCAST CORP NOTE - 4.150% - 1	50,682	56,577
CVS CAREMARK CORP - 3.500% - 0	25,240	26,092
CVS CAREMARK CORP NOTE - 4.300	61,254	63,068
CVS HEALTH CORP - 3.350% - 03/	102,054	100,500
DIGITAL RLTY TR INC - 3.700% -	21,176	22,988
DISNEY WALT CO - 2.000% - 09/0	29,268	31,301
DOLLAR GEN CORP - 3.250% - 04/	24,926	26,452
ELECTRONIC ARTS INC NOTE - 3.7	111,882	110,248
ENTERPRISE PRODUCTS OPERTATING	30,819	40,324
EQUINOR ASA - 2.750% - 11/10/2	102,492	102,014
EXPRESS SCRIPTS HLDG CO - 0.00	24,817	26,371
GE CAP CORP NTS - 5.875% - 01/	39,015	41,967
GLAXOSMITHKLINE - 0.534% - 10/	50,142	50,148
GOLDMAN SACHS - 3.800% - 03/15	56,333	57,626
GOLDMAN SACHS GROUP INC - 5.25	104,851	102,807
GOLDMAN SACHS GROUP INC NOTE -	25,050	28,069
HALLIBURTON CO - 3.500% - 08/0	2,075	2,137
HOME DEPOT - 3.000% - 04/01/20	29,133	33,432
HOME DEPOT INC - 2.000% - 04/0	151,124	150,389
HUNTINGTON BANCSHARES - 2.300%	11,958	12,216
INTEL CORP NOTE - 3.300% - 10/	102,798	102,220
JP MORGAN CHASE BANK - 4.203%	65,042	75,057
JPMORGAN CHASE &CO NOTE - 2.95	25,882	27,736
KEURIG DR PEPPER INCSER B NOTE	102,665	101,247
MCDONALDS CORP - 3.700% - 01/3	27,295	28,477
METLIFE - 3.600% - 04/10/2024	31,604	33,040
MICROSOFT CORP - 4.250% - 02/0	61,358	76,350
MITSUBISHI UFJ FIN - 3.850% -	25,157	28,744
MORGAN STANLEY - 5.750% - 01/2	31,899	30,089
MYLAN NV SER B - 3.150% - 06/1	102,021	100,967
NEXTERA ENERGY - 1.950% - 09/0	51,383	51,362
NORTHROP GRUMMAN - 3.250% - 08	25,290	26,870
NYIDIA CORP - 2.200% - 09/16/2	101,548	101,217
ORACLE CORP - 2.800% - 07/08/2	102,379	101,327
ROYAL BK CDA - 2.750% - 02/01/	24,578	25,685
SANTANDER UK PLC - 4.000% - 03	26,833	27,651
SANTANDER UK PLC NT - 3.125% -	101,267	100,022
SHELL INT'L FINANCE - 2.875% -	52,550	57,510
SIMON PROPERTY GROUP LP SENIOR	26,521	27,798
SMUCKER JM - 3.500% - 10/15/20	103,061	102,451
STATE STR CORP - 3.550% - 08/1	25,821	28,380
STRYKER CORP NOTE - 2.625% - 0	100,650	100,184
SUMITOMO MITSUI - 2.442% - 10/	102,151	101,641
SVENSKA HANDELSBANKE - 1.875%	101,506	101,140
TORONTO DOMINION BANK - 3.250%	102,719	101,317
TOTAL CAPITAL - 2.700% - 01/25	51,633	52,422
U S BANCORP MTNS BK SR NT - 4.	101,887	101,160
UNITED PARCEL SERVICE INC NOTE	99,543	100,036
VERIZON COMMUNICATIONS INC - 4	56,590	56,577
VR BANK OF MONTREAL - 1.615% -	100,717	100,469
VR IBM CREDIT CORP - 2.096% -	99,715	100,017
WELLS FARGO &CO MTN - 3.584% -	52,583	57,756
WESTPAC BANKING CORP - 3.400%	19,431	23,002

- TIN:

TY 2020 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	45,720	69,916
ABBVIE INC	207,292	99,542
ACAP STRATEGIC FUND CLASS W	400,000	571,714
ALPHABET INC CL A	64,773	262,896
ALPHABET INC CL C	139,188	394,173
AMC NETWORKS INC	50,955	38,524
AMER INTERNATIONAL GROUP INC	65,964	71,101
AMERICAN TOWER REIT INC	26,912	63,522
AMGEN INC	52,580	183,936
APOLLO GLOBAL MANAGEMENT, INC	49,370	62,352
APPLE INC	324,745	1,810,422
ARTISAN SMALL CAP FUND INST CL	275,000	412,578
AUTODESK, INC	43,154	241,829
BANK OF AMERICA CORP	59,276	80,988
BECTON DICKINSON & CO	49,103	54,298
BERKSHIRE HATHAWAY INC. CLASS	137,003	301,431
BIOGEN INC	237,843	182,176
BLACKROCK INC	196,535	432,924
BNY MELLON ALCENTRA GLOBAL MUL	500,000	509,350
BOEING CO	97,407	214,060
BOSTON PPTYS INC	26,758	29,682
BRISTOL-MYERS SQUIBB CO	65,990	124,060
BROADCOM INC	152,877	415,520
CELANESE CORPORATION	168,248	389,820
CERENCE INC	11,269	80,183
CISCO SYSTEMS INC	153,950	313,250
CITRIX SYSTEMS INC	78,716	142,850
CME GROUP, INC	145,459	409,613
COMCAST CORP	317,212	585,989
CREE, INC	62,286	168,169
DB X TRACKERS MSCI EAFE HEDGED	1,288,863	1,443,012
DIAGEO PLC ADS	183,208	238,215
DISCOVERY INC (FORMERLY DISC C	86,207	103,209
DOLBY LABORATORIES	39,033	94,702
EATON CORP PLC	158,157	300,350
ECOLAB INC	130,627	347,258
EDISON INTL	66,028	59,742
ELECTRONIC ARTS	121,479	185,244
ENBRIDGE INC	45,110	42,963
FIDELITY NATIONAL INFORMATION	40,835	50,926
FIREEYE INC	61,868	104,831
FIRST TRUST EMERGING MARKETS L	98,804	101,316
FIRST TRUST EXCHANGE TRADED FD	341,861	364,620
FIRST TRUST LOW DURATION OPPOR	172,154	171,189
FIRST TRUST TCW OPP FIXED INC	300,579	314,041
FREEPORT-MCMORAN COPPER & GOLD	50,604	253,539
FT-PREFERRED SECUR & INC ETF	91,297	95,943
FULLER & THALER BEHAVIORAL SML	600,000	741,248
GOLDMAN SACHS GROUP	76,613	131,855
GUARDANT HEALTH INC	69,917	114,832
HOME DEPOT INC	119,374	545,318
IMMUNOGEN, INC	27,157	33,295
INTEL CORP	61,085	134,514
INTERNATIONAL PAPER CO	28,840	37,340
INVESCO OPPENHEIMER DEVELOPING	529,477	744,005
IONIS PHARMACEUTICALS INC	66,229	92,160
ISHARES LEHMAN INTERMDTE CREDI	134,510	134,640
ISHARES TRUST RUSSELL 1000 GRO	761,234	1,826,394
ISHARES TRUST RUSSELL 1000 VAL	1,336,857	1,755,613
JOHNSON & JOHNSON	136,836	266,444
JOHNSON CONTROLS INTERNATIONAL	132,236	152,489
JP MORGAN CHASE	269,089	548,942
L3HARRIS TECHNOLOGIES	117,439	230,415
LAM RESEARCH CORP	115,694	271,555
LAS VEGAS SANDS CORP	279,283	375,778
LIBERTY BROADBAND CORP	4,793	14,025
LIBERTY BROADBAND CORP K	16,727	44,977
LIBERTY MEDIA CORP - SER A	2,649	4,445
LIBERTY MEDIA CORP - SER C	5,363	10,011
LIBERTY SIRIUS XM CORP - SER C	28,705	39,246
LIBERTY SIRIUS XM GROUP - SER	13,852	18,917
LINDE PLC COM	56,934	91,438
LIONS GATE ENTERTAINMENT CORP	28,982	25,846
MASTERCARD INC	23,040	75,314
MCDONALD'S CORP	89,183	200,632
MEDTRONIC PLC	44,844	67,824
MERCK & CO INC	245,709	391,004
METLIFE INC	55,049	58,547
MFS GLOBAL REAL ESTATE FUND CL	1,929,999	2,001,983
MICROSOFT CORP	234,853	1,331,184
MONDELEZ INTERNATIONAL INC	204,060	280,890
MS DD TRIGGER JUMP ON SPX 03/0	350,000	465,675
MS DD TRIGGER JUMP ON SPX 2/5/	650,000	905,125
NATL OILWELL VARCO	100,015	37,057
NESTLE S.A	56,068	95,300
NEXTERA ENERGY, INC	22,758	65,423
NIKE INC-CL B	105,220	282,940
NORTHROP GRUMMAN CORP	42,775	43,575
NOW INC	51,475	34,371
NUANCE COMMUNICATIONS, INC	29,383	103,876
NUCOR CP	71,524	93,029
OAKMARK INTERNATIONAL FUND	694,165	970,416
ORACLE CORP	36,183	40,367
OTIS WORLDWIDE CORP	51,525	60,863
PENTAIR INC. COM	41,199	56,382
PFIZER INC	50,809	61,252
PIMCO EMERGING MARKETS BOND IN	121,452	125,850
PIMCO FUNDS FOREIGN BOND FUND	100,000	100,000
PNC FINANCIAL GROUP INC	217,958	379,205
PPG INDUSTRIES INC	75,647	110,328
PRINCIPAL PREFERRED SECURITIES	248,990	250,312
PROCTER GAMBLE CO	200,354	356,338
PRUDENTIAL HIGH YIELD FUND CLA	100,000	100,000
PUBLIC SVC ENTERPRISE GROUP IN	41,406	47,923
QURATE RETAIL INC QVC GROUP	82,994	115,097
RAYTHEON TECHNOLOGIES CORP	174,247	204,948
SEAGATE TECHNOLOGY	184,311	238,073
SEMPRA ENERGY COM	22,370	21,532
SPIRIT AEROSYSTEMS HOLDINGS CL	34,406	55,703
T. ROWE PRICE INSTL FLOATING R	105,610	103,474
TARGET CORPORATION	112,619	335,407
TCW EMERGING MARKETS INCOME FU	123,884	127,788
TE CONNECTIVITY LTD	138,022	237,539
TEXAS INSTRUMENTS INC	77,984	384,721
THE BLACKSTONE GROUP INC CL A	80,603	113,806
THE COCA-COLA CO	54,403	77,160
THE HAIN CELESTIAL GROUP, INC	92,471	172,043
THERMO FISHER SCIENTIFIC INC	169,137	372,624
THORNBURG INTERNATIONAL GROWTH	1,194,819	2,013,643
TJX COMPANIES INC	147,761	389,253
TOUCHSTONE MID CAP FUND	950,000	1,101,921
TRAVELERS COMPANIES INC	51,590	66,395
TWITTER INC	128,116	346,235
UBER	496,940	519,639
UNION PACIFIC	192,670	453,711
UNITED PARCEL SERVICE	253,408	421,842
UNITEDHEALTH GROUP INC	176,996	1,002,594
US BANCORP	140,339	159,617
VAN ECK EMERGING MARKETS FUND	529,000	775,794
VANGAURD HIGH-YIELD CORPORATE	285,000	312,226
VANGUARD INTL GROWTH FD ADMIRA	600,000	1,070,622
VERIZON COMMUNICATIONS	58,558	64,801
VERTEX PHARMCTLS INC	158,888	285,262
VIRTUS CEREDEX MID CAP VALUE E	358,163	369,728
VISA INC	35,928	90,335
VULCAN MATERIALS CO	39,440	61,104
WALT DISNEY HOLDINGS CO	163,263	441,717
WASTE MANAGEMENT INC	37,387	81,961
WEC ENERGY GROUP, INC	20,491	34,051
WESTERN ASSET SMASH SERIES C F	421,659	440,616
WESTERN ASSET SMASH SERIES EC	795,547	834,498
WESTERN ASSET SMASH SERIES M F	587,228	611,887
WESTERN DIGITAL CORP	107,623	128,006
WILLIAMS COS	80,868	79,518
ZOETIS INC	185,926	411,102

- TIN:

TY 2020 InvestmentsGovtObligationsSch

Name:

Frank McHugh-O'Donovan Foundation Inc

EIN:

20-0842449

US Government Securities - End of Year Book Value:

2,803,459

US Government Securities - End of Year Fair Market Value:

2,864,596

State & Local Government Securities - End of Year Book Value:

State & Local Government Securities - End of Year Fair Market Value:

- TIN:

TY 2020 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
AIR RIGHTS (845 W	2,756,000	0	2,756,000	2,756,000
BLDG IMP REPIPE IN	143,530	7,394	136,136	136,136
BLDG IMP REPIPE 68	38,200	1,158	37,042	37,042
BUILDING (2552 E 5	2,000	146	1,854	1,854
BUILDING - 10 UNIT	502,557	43,944	458,613	458,613
BUILDING - 20 UNIT	1,392,374	140,518	1,251,856	1,251,856
BUILDING - 3 STORE	90,992	8,314	82,678	82,678
BUILDING - 7 STORE	339,141	24,300	314,841	314,841
BUILDING - 8 STORE	1,255,000	81,012	1,173,988	1,173,988
BUILDING - AUTO RE	145,000	9,144	135,856	135,856
BLDG IMP - 1/1/18	78,522	5,916	72,606	72,606
BLDG IMP - 2/2/04	2,706	428	2,278	2,278
BLDG IMP - 6/30/17	19,963	1,538	18,425	18,425
BLDG IMP - 9/29/12	1,239	118	1,121	1,121
BLDG IMP - 12/1/12	31,200	1,894	29,306	29,306
CARPET (1381 S WAL	827	146	681	681
CHURCH	121,000	7,628	113,372	113,372
CONCRETE CEMENT AS	8,000	556	7,444	7,444
CONDOMINIUM	192,000	20,468	171,532	171,532
DECK	1,256	156	1,100	1,100
ELECTRICAL IMP	1,733	110	1,623	1,623
FENCE	564	88	476	476
RAILINGS	804	124	680	680
RETROFIT SITUATION	20,348	2,512	17,836	17,836
ROOF (1139 E 68TH)	1,559	190	1,369	1,369
ROOF - 1/30/12	1,889	118	1,771	1,771
ROOF - 1/31/10	742	80	662	662
ROOF - 1/31/13	2,509	232	2,277	2,277
ROOF - 3/31/13	10,199	940	9,259	9,259
ROOF - 9/8/18	35,349	1,826	33,523	33,523
ROOF - 10/30/09	1,599	174	1,425	1,425
ROOF - 11/17/04	4,529	364	4,165	4,165
SEC BARS - 10/3/11	1,104	110	994	994
SEC BARS -11/19/04	369	54	315	315
TILE FLOOR &SHOWER	1,441	90	1,351	1,351
TILE FLOOR-1/9/13	1,389	128	1,261	1,261
TILE FLOOR-1/14/13	1,958	182	1,776	1,776
TILE FLOOR-1/25/13	1,292	120	1,172	1,172
TILE FLOOR-2/21/13	803	74	729	729
TILE FLOOR-8/12/13	2,458	222	2,236	2,236
TILE FLOOR-8/28/13	2,412	218	2,194	2,194
TILE FLOOR-10/7/12	2,129	200	1,929	1,929
TILE FLOOR-12/8/12	2,093	196	1,897	1,897
WOODEN BEAMS	4,001	476	3,525	3,525
CARPET (10206-08 I	449	80	369	369
APPLIANCES	479	384	95	95
BLINDS & LOCKS	450	360	90	90
BLINDS (10206-08 I	253	202	51	51
HEATERS &GAS LINES	9,536	7,628	1,908	1,908
HVAC (1271-89 W JE	27,990	1,436	26,554	26,554
HVAC (1381 S WALNU	2,443	214	2,229	2,229
STOVE (10206-08 I	299	240	59	59
WATER HTR INGLEWOO	7,135	2,676	4,459	4,459
WATER HTR 1271-89	2,950	667	2,283	2,283
LAND (10206-08 ING	541,000	0	541,000	2,478,643
LAND (1139 E 68TH)	191,000	0	191,000	457,147
LAND (1271-89 W JE	962,000	0	962,000	2,344,113
LAND (1381 S WALNU	133,000	0	133,000	310,463
LAND (2552 E 57TH)	143,000	0	143,000	298,146
LAND (310 W AVE)	70,597	0	70,597	70,597
LAND (45132 SPEARM	235,000	0	235,000	235,000
LAND (5001-13 S HO	178,000	0	178,000	202,872
LAND (5269-73 S BR	110,000	0	110,000	685,518
LAND (6080-84 S HO	399,000	0	399,000	580,772
LAND (845 W OLYMPI	2,514,297	0	2,514,297	17,193,279
LAND (916 W 9TH)	1,260,667	0	1,260,667	1,268,195
LAND-DEM BLDG (845	1	0	1	1
LAND-DEM BLDG (916	1	0	1	1
LAND-DEM&ASB REM 8	1	0	1	1
LAND-DEM&ASB REM 9	1	0	1	1
LAND IMP-FENCE(526	1,075	200	875	875
HAZ WASTE RMVL 09	1	0	1	1
HAZ WASTE RMVL 10	1	0	1	1
LIGHTING & ELECTRI	913	334	579	579
PARKING LOT (845 W	78,788	28,648	50,140	50,140
PARKING LOT PAV 09	23,236	4,534	18,702	18,702
PARKING LOT PAV 10	16,095	2,994	13,101	13,101
PAVING (1271-89 W	14,413	2,318	12,095	12,095
TANK	1	0	1	1
BLDG-372 W VERNON	72,232	17,294	54,938	54,938
LAND-372 W VERNON	132,169	0	132,169	495,062
BLDG IMP REPIPE 68	26,900	815	26,085	26,085

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

Frank McHugh-O'Donovan Foundation Inc

EIN:

20-0842449

Category/ Item	Book Value	End of Year Fair Market Value
BLACKSTONE / GSO SECURED LENDI	765,000	834,877
BLACKSTONE REIT	1,381,920	1,484,929
MS DIRECT LENDING FUND	314,868	328,431
NORTH HAVEN CREDIT PARTNERS II	144,154	159,592
ORBIMED ASIA PTNS IV ASP FD	79,129	91,599
PARTNERS GROUP PRIVATE EQUITY	892,120	1,058,619

- TIN:

TY 2020 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	31,089	29,446		1,643
LITIGATION SUPPORT	4,803	4,803

- TIN:

TY 2020 OtherExpensesSchedule

Name:

Frank McHugh-O'Donovan Foundation Inc

EIN:

20-0842449

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Administrative Fees	146,002		146,002
Bank Charges	5,572	5,572
Indemnification Insurance	33,884		33,884
Insurance Premiums	6,257	740	5,517
K-1 Exp ORBIMED ASIA PTNS IV A	7,782	7,782
PROPERTY MAINTENANCE	164,558	164,558
PROPERTY INSURANCE	36,013	36,013
REGISTERED AGENT FEES	518		518
State or Local Filing Fees	180		180
OFFICE SUPPLIES	109		109

- TIN:

TY 2020 OtherIncomeSchedule2

Name:

Frank McHugh-O'Donovan Foundation Inc

EIN:

20-0842449

Description	Revenue And Expenses Per Books	Net Investment Income
K-1 Inc/Loss ORBIMED ASIA PTNS IV ASP FD	431	431
Interest Income from mortgage loans	245,862	245,862
income from mortgage collections	336	336
foreclosure fee refund	6,695	6,695
income from rental properties	352	352

- TIN:

TY 2020 OtherLiabilitiesSchedule

Name:

Frank McHugh-O'Donovan Foundation Inc

EIN:

20-0842449

Description	Beginning of Year - Book Value	End of Year - Book Value
SECURITY DEPOSIT		51,231

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

Frank McHugh-O'Donovan Foundation Inc

EIN:

20-0842449

Category	Amount	Net Investment Income
Investment Management Services	283,651	283,651
ADMINISTRATIVE SERVICES	1,625	1,625
APPRAISAL SERVICES	7,500	7,500
PROFESSIONAL LABOR SERVICES	2,723	2,723

- TIN:

TY 2020 TaxesSchedule

Name:

Frank McHugh-O'Donovan Foundation Inc

EIN:

20-0842449

Category	Amount	Net Investment Income
990-PF Estimated Tax for 2020	11,800
990-PF Extension for 2019	1,792
Foreign Tax Paid	3,376	3,376
STATE MISCELLANEOUS FEE	42
PROPERTY TAXES	644,929	644,929