Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo 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
HASSEL FOUNDATION
C/O MICHAEL KREKSTEIN ESQ
Number and street (or P.O. box number if mail is not delivered to street address)1801 MARKET STREET NO 1100
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PHILADELPHIA, PA19103
A Employer identification number

23-6251862
B Telephone number (see instructions)

(215) 893-9300
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$7,142,158J Accounting method:
 
(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)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 31 31  
4 Dividends and interest from securities... 140,165 140,165  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 156,189
b Gross sales price for all assets on line 6a 194,697
7 Capital gain net income (from Part IV, line 2)... 156,189
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 23 23  
12 Total. Add lines 1 through 11........ 296,408 296,408  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 15,000 15,000   0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 51,975 51,975   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 3,750 22   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 14,139 14,139   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 84,864 81,136   0
25 Contributions, gifts, grants paid....... 266,890 266,890
26 Total expenses and disbursements. Add lines 24 and 25 351,754 81,136   266,890
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -55,346
b Net investment income (if negative, enter -0-) 215,272
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 Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............   -3 -3
2 Savings and temporary cash investments......... 93,191 163,018 163,018
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 1,345,201 Click to see attachment1,071,240 1,101,683
b Investments—corporate stock (attach schedule)....... 2,692,119 Click to see attachment2,875,918 3,751,884
c Investments—corporate bonds (attach schedule)....... 1,178,434 Click to see attachment1,552,330 1,772,559
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 631,886 Click to see attachment353,017 353,017
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,940,831 6,015,520 7,142,158
Liabilities 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 bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
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 bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 6,214,236 6,214,236
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds -273,405 -198,716
29 Total net assets or fund balances (see instructions)..... 5,940,831 6,015,520
30 Total liabilities and net assets/fund balances (see instructions). 5,940,831 6,015,520
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
5,940,831
2
Enter amount from Part I, line 27a .....................
2
-55,346
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
130,035
4
Add lines 1, 2, and 3 ..........................
4
6,015,520
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
6,015,520
Form 990-PF (2020)
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 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PASSTHROUGH K-1 LONG TERM GAINS      
b PASSTHROUGH K-1 SHORT TERM GAINS      
c PASSTHROUGH K-1 1231 GAIN      
d LONG TERM GAINS - 3940      
e SHORT TERM GAINS - 3940      
LONG TERM GAINS - 3906      
SHORT TERM GAINS - 3906      
LONG TERM GAINS - 3906      
SHORT TERM GAINS - 3906      
LONG TERM GAINS - 3906      
SHORT TERM GAINS - 3906      
LONG TERM GAIN DISTRIBUTION      
(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 2,101     2,101
b 14,270     14,270
c 142     142
d     37,575 -37,575
e     933 -933
154     154
28     28
87,531     87,531
3,675     3,675
41,250     41,250
30,451     30,451
15,095     15,095
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       2,101
b       14,270
c       142
d       -37,575
e       -933
      154
      28
      87,531
      3,675
      41,250
      30,451
      15,095
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 156,189
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
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 Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 2,992
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 0
3 Add lines 1 and 2........................... 3 2,992
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 2,992
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 4,880
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 4,880
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 62
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 1,826
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet1,826 RefundedBullet 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 the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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)
    bullet
    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 2020 or the taxable year beginning in 2020? 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 (2020)
    Form 990-PF (2020)
    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 addressbulletN/A
    14
    The books are in care ofbulletMICHAEL KREKSTEIN ESQ Telephone no.bullet (215) 893-9300

    Located atbullet1801 MARKET STREET SUITE 1100PHILADELPHIAPA ZIP+4bullet19103
    15
    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
    15
     
    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
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    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 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 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.)..................
    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 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    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))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    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? .................
    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
    JAY L GOLDBERG ESQUIRE TRUSTEE
    10.00     		0 0 0
    1801 MARKET STREET SUITE 1100
    PHILADELPHIA,PA19103
    MR ANDREW GOLDBERG TRUSTEE
    1.00     		0 0 0
    1801 MARKET STREET SUITE 1100
    PHILADELPHIA,PA19103
    MRS MAXINE GOLDBERG TRUSTEE
    1.00     		0 0 0
    1801 MARKET STREET SUITE 1100
    PHILADELPHIA,PA19103
    MERLE A WOLFSON ESQUIRE TRUSTEE
    1.00     		0 0 0
    1801 MARKET STREET SUITE 1100
    PHILADELPHIA,PA19103
    MS ELIZABETH COHEN TRUSTEE
    1.00     		0 0 0
    1801 MARKET STREET SUITE 1100
    PHILADELPHIA,PA19103
    MR DAVID KHOURY TRUSTEE
    1.00     		0 0 0
    1801 MARKET STREET SUITE 1100
    PHILADELPHIA,PA19103
    MS ELLEN COHEN TRUSTEE
    1.00     		0 0 0
    1801 MARKET STREET SUITE 1100
    PHILADELPHIA,PA19103
    DR LISA KHOURY TRUSTEE
    1.00     		0 0 0
    1801 MARKET STREET SUITE 1100
    PHILADELPHIA,PA19103
    MICHAEL KREKSTEIN TRUSTEE
    1.00     		0 0 0
    1801 MARKET STREET SUITE 1100
    PHILADELPHIA,PA19103
    ANDREA COHEN TRUSTEE
    1.00     		0 0 0
    1801 MARKET STREET SUITE 1100
    PHILADELPHIA,PA19103
    MR MICHAEL GOLDBERG TRUSTEE
    1.00     		0 0 0
    1801 MARKET STREET SUITE 1100
    PHILADELPHIA,PA19103
    MARK DEITCHER TRUSTEE
    1.00     		0 0 0
    1801 MARKET STREET SUITE 1100
    PHILADELPHIA,PA19103
    DR DAVID WHELLAN TRUSTEE
    1.00     		0 0 0
    1801 MARKET STREET SUITE 1100
    PHILADELPHIA,PA19103
    RODGER CITRON TRUSTEE
    1.00     		0 0 0
    1801 MARKET STREET SUITE 1100
    PHILADELPHIA,PA19103
    BARBARA COHEN TRUSTEE
    1.00     		0 0 0
    1801 MARKET STREET SUITE 1100
    PHILADELPHIA,PA19103
    MARILYN KHOURY TRUSTEE
    1.00     		0 0 0
    1801 MARKET STREET SUITE 1100
    PHILADELPHIA,PA19103
    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...................bullet 0
    Form 990-PF (2020)
    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
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    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 NONE 0
    2  
    All other program-related investments. See instructions.
    3 Click to see attachment 0
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    5,586,525
    b
    Average of monthly cash balances.......................
    1b
    80,703
    c
    Fair market value of all other assets (see instructions)................
    1c
    297,458
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,964,686
    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
    5,964,686
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    89,470
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,875,216
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    293,761
    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.)
    1
    Minimum investment return from Part X, line 6....................
    1
    293,761
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    2,992
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,992
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    290,769
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    290,769
    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
    290,769
    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
    266,890
    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
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    266,890
    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
    266,890
    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)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 290,769
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017...... 40,836
    d From 2018...... 41,286
    e From 2019...... 39,998
    fTotal of lines 3a through e........ 122,120
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 266,890
    a Applied to 2019, but not more than line 2a 0
    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 2020 distributable amount..... 266,890
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 23,879 23,879
    (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 98,241
    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 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    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 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		98,241
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017.... 16,957
    c Excess from 2018.... 41,286
    d Excess from 2019.... 39,998
    e Excess from 2020....  
    Form 990-PF (2020)
    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 section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    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).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    MICHAEL KREKSTEIN ESQ
    1801 MARKET STREET RM 1100
    PHILADELPHIA,PA19103
    (215) 893-9300
    N/A
    bThe form in which applications should be submitted and information and materials they should include:
    N/A
    cAny submission deadlines:
    N/A
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    N/A
    Form 990-PF (2020)
    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)
    aPaid during the year
    ASTRAL ARTISTS
    1500 WALNUT ST SUITE 413
    PHILADELPHIA,PA19102     		  PC TO FURTHER DONEES EXEMPT PURPOSE 15,000
    BENTLEY UNIVERSITY
    175 FOREST ST
    WALTHAM,MA02452     		  PC TO FURTHER DONEES EXEMPT PURPOSE 1,000
    BETHAL PRESBYTERIAN FOOD PANTRY
    1900 W YORK ST
    PHILADELPHIA,PA19132     		  PC TO FURTHER DONEES EXEMPT PURPOSE 2,000
    BOSTON UNIVERSITY
    233 BAY STREET ROAD
    BOSTON,MA02215     		  PC TO FURTHER DONEES EXEMPT PURPOSE 2,000
    CALVARY AGAPE CUTREACH SERVICES
    6114 HAVERFORD AVE
    PHILADELPHIA,PA19151     		  PC TO FURTHER DONEES EXEMPT PURPOSE 1,000
    CASA DEL CARMEN FOOD PANTRY
    4400 N REESE ST
    PHILADELPHIA,PA19140     		  PC TO FURTHER DONEES EXEMPT PURPOSE 2,000
    CLEMSON UNIVERSITY
    G-08 SIKES HALL
    CLEMSON,SC29634     		  PC TO FURTHER DONEES EXEMPT PURPOSE 2,650
    COMMUNITY COLLEGE OF PHILADELPHIA
    1700 SPRING GARDEN STREET
    PHILADELPHIA,PA19130     		  PC TO FURTHER DONEES EXEMPT PURPOSE 20,000
    COVENANT HOUSE PENNSYLVANIA
    31 E ARMAT ST
    PHILADELPHIA,PA19144     		  PC TO FURTHER DONEES EXEMPT PURPOSE 3,500
    COVENANT HOUSE PHILADELPHIA
    31 EAST ARMAT STREET
    PHILADELPHIA,PA19144     		  PC TO FURTHER DONEES EXEMPT PURPOSE 3,500
    DELAWARE COUNTY COMMUNITY COLLEGE
    901 MEDIA LINE RD
    MEDIA,PA19063     		  PC TO FURTHER DONEES EXEMPT PURPOSE 2,650
    DRVEDING CENTER
    525 ARCH ST
    PHILADELPHIA,PA19106     		  PC TO FURTHER DONEES EXEMPT PURPOSE 5,000
    EASTWARD MUSEUM HOUSE GOOD
    525 ARCH ST
    PHILADELPHIA,PA19106     		  PC TO FURTHER DONEES EXEMPT PURPOSE 1,000
    EASTWICK MISSION HOUSE FOOD PANTRY
    8321 LINDBERGH BLVD
    PHILADELPHIA,PA19153     		  PC TO FURTHER DONEES EXEMPT PURPOSE 1,000
    EISHSTEIN HEALTH NETWORK
    5501 OLD YORK ROAD
    PHILADELPHIA,PA19141     		  PC TO FURTHER DONEES EXEMPT PURPOSE 10,000
    EMETY'S ENTOUAGE
    PO BOX 71 MERION STATION
    PHILADELPHIA,PA19066     		  PC TO FURTHER DONEES EXEMPT PURPOSE 2,500
    FEAST OF JUSTICE
    3101 TYSON AVE
    PHILADELPHIA,PA19149     		  PC TO FURTHER DONEES EXEMPT PURPOSE 3,000
    FEDERATION HOUSING
    8900 ROOSEVELT BOULEVARD
    PHILADELPHIA,PA19115     		  PC TO FURTHER DONEES EXEMPT PURPOSE 5,000
    FION AME CHURCH FOOD PANTRY
    712 SOUTH FIRST STREET
    BROOKHAVEN,MO39601     		  PC TO FURTHER DONEES EXEMPT PURPOSE 1,000
    FRANKLIN INSTITUTE
    222 N 20TH ST
    PHILADELPHIA,PA19103     		  PC TO FURTHER DONEES EXEMPT PURPOSE 2,500
    FRIENDS OF NYC NURSE-FAMILY PS
    1035 5TH AVENUE 10B
    NEW YORK,NY10028     		  PC TO FURTHER DONEES EXEMPT PURPOSE 10,000
    GIRL SCOUTS OF ESTERN PA
    100 JULIETTE LOW WAY
    VALLEY FORGE,PA19481     		  PC TO FURTHER DONEES EXEMPT PURPOSE 1,000
    INDIANA UNIVERSITY OF PA
    1011 SOUTH DRIVE
    INDIANA,PA15705     		  PC TO FURTHER DONEES EXEMPT PURPOSE 2,000
    JEVS HUMAN
    1845 WALNUT STREET 7TH FLOOR
    PHILADELPHIA,PA19103     		  PC TO FURTHER DONEES EXEMPT PURPOSE 15,000
    JEWISH SPORTS HALL OF FAME PHILADELPHIA
    22 W LEVERING MILL ROAD
    BALA CYNWYD,PA19004     		  PC TO FURTHER DONEES EXEMPT PURPOSE 1,200
    JUVENILE DIABETES FOUNDATION
    120 OLD GULPH ROAD
    WYNNEWOOD,PA19096     		  PC TO FURTHER DONEES EXEMPT PURPOSE 1,500
    KUTZTOWN UNIVERSITY
    PO BOX 730
    KUTZTOWN,PA19530     		  PC TO FURTHER DONEES EXEMPT PURPOSE 2,650
    MANNA
    420 NORTH 20TH STREET
    PHILADELPHIA,PA19130     		  PC TO FURTHER DONEES EXEMPT PURPOSE 5,000
    MISSION FIRST HOUSING
    2042-48 ARCH ST
    PHILADELPHIA,PA19103     		  PC TO FURTHER DONEES EXEMPT PURPOSE 12,500
    NATIONAL MESUEM AMERICAN JEWISH HISTORY
    101 S INDEPENDENCE MALL E
    PHILADELPHIA,PA19106     		  PC TO FURTHER DONEES EXEMPT PURPOSE 5,000
    ORNEDING CARTER
    3401 RESERVOIR DR
    PHILADELPHIA,PA19121     		  PC TO FURTHER DONEES EXEMPT PURPOSE 5,000
    PA BALLET
    1819 JFK BLVD SUITE 210
    PHILADELPHIA,PA19103     		  PC TO FURTHER DONEES EXEMPT PURPOSE 7,500
    PENN STATE BERKS
    1801 BROADCASTING RD
    READING,PA19610     		  PC TO FURTHER DONEES EXEMPT PURPOSE 4,000
    PENN STATE UNIVERSITY
    103 SHIELDS BUILDING
    UNIVERSITY PARK,PA16802     		  PC TO FURTHER DONEES EXEMPT PURPOSE 7,300
    PENNSYLVANIA ACADEMY OF FINE ARTS
    118-128 N BROAD STREET
    PHILADELPHIA,PA19102     		  PC TO FURTHER DONEES EXEMPT PURPOSE 4,000
    PHILADELPHIA ENVIRONMENTAL FILM FESTIVAL
    7201 SHERMAN STREET
    PHILADELPHIA,PA19119     		  PC TO FURTHER DONEES EXEMPT PURPOSE 2,500
    PHILADELPHIA EPISCOPAL CATHEDRAL
    23 SO 38TH STREET
    PHILADELPHIA,PA19104     		  PC TO FURTHER DONEES EXEMPT PURPOSE 5,000
    PHILADELPHIA OUTWARD BOUND SCHOOL
    3401 RESERVOIR DR
    PHILADELPHIA,PA19121     		  PC TO FURTHER DONEES EXEMPT PURPOSE 5,000
    PREP FOR PREP
    328 WEST 71ST STREET
    NEW YORK,NY10023     		  PC TO FURTHER DONEES EXEMPT PURPOSE 10,000
    RIDER UNIVERSITY
    2083 LAWRENCEVILLE RD
    LAWRENCEVILLE,NJ08648     		  PC TO FURTHER DONEES EXEMPT PURPOSE 2,000
    ROCHESTER INSTITUTE OF TECH
    1 LOMB MEMORIAL DR
    ROCHESTER,NY14623     		  PC TO FURTHER DONEES EXEMPT PURPOSE 2,650
    SEAMAAC FOOD PANTRY
    1711 S BROAD ST
    PHILADELPHIA,PA19148     		  PC TO FURTHER DONEES EXEMPT PURPOSE 4,000
    SHIPPENSBURG UNIVERSITY
    1871 OLD MAN DRIVE
    SHIPPENSBURG,PA17257     		  PC TO FURTHER DONEES EXEMPT PURPOSE 2,650
    SIMPLE WAY FOOD PANTRY
    3616 SOUTH GALLOWAY STREET
    PHILADELPHIA,PA19148     		  PC TO FURTHER DONEES EXEMPT PURPOSE 4,000
    SOWN
    4100 MAIN STREET SUITE 403
    PHILADELPHIA,PA19127     		  PC TO FURTHER DONEES EXEMPT PURPOSE 5,000
    SUMMER SEARCH
    90 BROAD STREET SUITE 701
    NEW YORK,NY10004     		  PC TO FURTHER DONEES EXEMPT PURPOSE 20,000
    TAKE A SISTAH TO LUNCH
    PO BOX 651
    DEVON,PA19333     		  PC TO FURTHER DONEES EXEMPT PURPOSE 3,500
    TEMPLE UNIVERSITY
    1803 N BROAD STREET
    PHILADELPHIA,PA19122     		  PC TO FURTHER DONEES EXEMPT PURPOSE 2,000
    UNIVERSITY OF SOUTH CAROLINA
    1700 WEST MONTGOMERY AVENUE
    PHILADELPHIA,PA19121     		  PC TO FURTHER DONEES EXEMPT PURPOSE 2,650
    VILLANOVA UNIVERSITY
    800 LANCASTER AVENUE
    VILLANOVA,PA19805     		  PC TO FURTHER DONEES EXEMPT PURPOSE 2,000
    WEST SIDE CENTER OF COMMUNITY LIFE
    263 W 86TH STREET
    NEW YORK,NY10024     		  PC TO FURTHER DONEES EXEMPT PURPOSE 10,000
    WISTAR INSTITUTE
    3601 SPRUCE STREET
    PHILADELPHIA,PA19104     		  PC TO FURTHER DONEES EXEMPT PURPOSE 12,500
    ZION AME CHURCH FOOD PANTRY
    1765 MADISON AVE
    NEW YORK,NY10029     		  PC TO FURTHER DONEES EXEMPT PURPOSE 1,000
    Total .................................bullet 3a 266,400
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    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
    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 31  
    4 Dividends and interest from securities....     14 140,165  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     15 23  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    14 156,189  
    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).. 0 296,408 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    296,408
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    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? ...........
    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.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AllOthProgRltdInvestmentsSch
    Name:
    HASSEL FOUNDATION
     
    C/O MICHAEL KREKSTEIN ESQ
    EIN:
    23-6251862
    Category Amount
    NONE 0

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    HASSEL FOUNDATION
     
    C/O MICHAEL KREKSTEIN ESQ
    EIN:
    23-6251862
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ABBOTT LABS NOTE CALL MAKE WHOLE 5,895 7,029
    ABBVIE INC NOTE CALL MAKE WHOLE 14,543 16,711
    AIR PRODUCTS AND CHEMICALS INC NOTE 10,006 10,585
    AMERICAN EXPRESS CO NOTE 14,384 15,477
    AMERICAN EXPRESS CO NOTE CALL MAKE WHOLE 5,007 5,318
    AMERIPRISE FINL INC NOTE CALL 11,023 11,055
    AMGEN INC NOTE CALL MAKE WHOLE 10,179 11,018
    ANALOG DEVICES INC NOTE CALL 9,903 11,405
    ANALOG DEVICES INC NOTE CALL MAKE WHOLE 5,043 5,684
    ANHUESER BUSCH INBEV FIN INC NOTE 5,383 5,664
    ANTHEM INC NOTE 14,226 17,298
    APPLE INC NOTE CALL MAKE 10,064 10,081
    ARTISAN INTL SMALL-MID CAP INSTL 140,000 184,333
    AT&T INC NOTE CALL MAKE WHOLE $2.3 10,434 10,665
    AT&T INC NOTE CALL MAKE WHOLE $4.2 5,278 5,849
    AT&T INC NOTE CALL MAKE WHOLE 4.35000% 5,396 5,963
    BERKSHIRE HATHAWAY ENERGY CO NOTE 24,814 27,534
    BK OF AMERICA CORP SER L MTN 3.24800% 11,051 11,191
    BK OF AMERICA CORP SER L MTN 3.50000% 16,832 17,000
    BP CAP MKTS AMER INC NOTE CALL MAKE 10,276 11,650
    BP CAP MKTS P L C NOTE CALL MAKE WHOLE 9,971 10,375
    BRISTOL MYERS SQUIBB CO BOND 5,540 5,816
    BRITISH TELECOMMUNICATIONS 9.62500% 6,892 8,296
    BROWN &BROWN INC NOTE CALL MAKE WHOLE 5,036 5,233
    BUNGE LTD FIN CORP NOTE CALL MAKE WHOLE 9,091 11,115
    BURLINGTON NORTHER SANTA FE CP BOND 5,266 5,481
    CANADIAN NAT RES LTD MTN 14,832 16,831
    CAPITAL ONE FINL CORP 19,604 21,462
    CATERPILLAR INC NOTE CALL MAKE WHOLE 10,001 11,048
    CITIGROUP INC NOTE 16,443 17,045
    CITIGROUP INC NOTE 3.40000% 4,748 5,628
    COMCAST CORP NEW NOTE CALL MAKE WHOLE 5,211 5,643
    COMCAST CORP NEW NOTE CALL MAKE WHOLE 3.4% 5,711 5,782
    CONOCOPHILLIPS CO NOTE 10,557 12,007
    CONSOLIDATED EDISON INC BOND 14,512 15,071
    CONSTELLATION BRANDS INC NOTE 15,162 16,351
    COSTCO WHOLESALE CORPORATION NOTE 10,019 10,247
    CSX CORP NOTE CALL MAKE WHOLE 10,429 11,188
    CVS HEALTH CORP NOTE CALL MAKE WHOLE 10,281 10,710
    DELPHI CORP NOTE CALL 10,058 11,004
    DEUTSCHE TELEKOM INTL FIN B V NOTE 6,424 7,911
    DEVON ENERGY CORP NEW NOTE 5,346 5,877
    DIAGEO INVT CORP BOND 10,747 11,290
    DIGITAL RLTY TR UP NOTE CALL 19,080 20,882
    DOMINION ENERGY INC SER B NOTE 17,588 17,991
    DUKE ENERGY CORP NEW 20,678 22,319
    ECOLAB INC NOTE CALL MAKE WHOLE 4.80000% 12,462 12,760
    ENTERPRISE PRODS OPER LLC 15,051 16,398
    EQUINOR ASA BOND 10,991 11,766
    EQUINOR ASA NOTE CALL MAKE WHOLE 10,067 10,922
    EQUINOR ASA NOTE CALL MAKE WHOLE 5,365 5,668
    FEDEX CORP NOTE CALL MAKE WHOLE 4,829 5,487
    FEDEX CORP NOTE CALL MAKE WHOLE 3.25% 4,856 5,586
    FISERV INC NOTE CALL MAKE WHOLE 14,936 16,908
    GENERAL MTRS CO NOTE CALL MAKE WHOLE 5,815 6,065
    GENERAL MTRS FINL CO INC NOTE 15,013 15,037
    GILEAD SCIENCES INC NOTE CALL MAKE WHOLE 15,174 16,570
    GOLDMAN SACHS GROUP INC NOTE 14,305 16,431
    INTEL CORP NOTE CALL MAKE WHOLE 3.90000% 11,486 12,000
    INTERPUBLIC GROUP COS INC NOTE 4,986 6,201
    INTL PAPER CO NOTE CALL 6,013 6,798
    JP MORGAN CHASE & CO NOTE 38,357 42,054
    LINCOLN NATIONAL CORP IND 9,596 10,974
    LINCOLN NATL CORP IND NOTE 3.80000% 5,308 5,784
    LOCKHEED MARTIN CORP NOTE CALL MAKE 16,122 17,039
    LYB INTERNATIONAL FINANCE II BV 4,707 5,575
    MARTIN MARIETTA MATLS INC 10,091 11,151
    MEDTRONIC INC NOTE CALL MAKE WHOLE 6,326 6,733
    MOHAWK INDS INC NOTE CALL MAKE WHOLE 5,018 5,591
    MORGAN STANLEY CALL MAKE WHOLE 20,029 21,443
    MORGAN STANLEY MTN CALL 5,004 5,539
    NATIONAL RURAL UTILIS COOP FIN BOND 14,521 16,044
    NEXTERA ENERGY CAP HLDGS INC BOND 5,011 5,409
    NORTHROP GRUMMAN CORP NOTE 4.40000% 16,720 18,619
    NUCOR CORP NOTE CALL MAKE WHOLE 20,241 21,608
    NUCOR CORP NOTE CALL MAKE WHOLE 2.70000% 5,045 5,498
    NUTRIEN LTD NOTE CALL MAKE WHOLE 10,533 10,997
    NVIDIA CORP NOTE CALL MAKE WHOLE 14,401 16,984
    ORACLE CORP NOTE CALL MAKE WHOLE 5,194 5,705
    ORANGE NOTE CALL MAKE WHOLE 9.00000% 14,715 16,449
    PRUDENTIAL FINL INC S BOOK MTN 4,967 5,879
    RAYTHEON TECHNOLOGIES CORP 9,597 10,801
    RELX CAPITAL INC NOTE CALL MAKE WHOLE 10,493 11,104
    ROCK TENN CO NOTE CALL MAKE WHOLW 15,233 15,762
    ROPER TECHNOLOGIES INC NOTE 16,462 17,891
    RYDER SYS MTN BE CALL MAKE WHOLE 14,666 15,386
    SHELL INTERNATIONAL FIN BV NOTE 5,092 5,530
    SHELL INTERNATIONAL FIN BV NOTE 2.75000% 10,015 11,063
    SOUTHERN CO GAS CAP NOTE CALL MAKE WHOLE 11,039 11,224
    SOUTHWEST AIRLINS CO NOTE CALL MAKE WHOLE 9,298 10,663
    SUNOCO LOGISTICS PARTNERS NOTE 15,730 17,695
    TARGET CORP NOTE CALL MAKE WHOLE 10,311 11,234
    TCI COMMUNICATIONS INC BOND 5,808 6,734
    TELEFONICA EMISIONES S A U NOTE 25,094 25,140
    THERMO FISHER SCIENTIFIC INC NOTE 12,200 12,498
    THERMO FISHER SCIENTIFIC INC NOTE 5,046 5,574
    TOUCHSTONE SANDS CAP EMERG MRKTS GROWTH I 160,667 234,008
    TOYOTA MTR CR CORP SER B MTN 3.37500% 15,584 17,549
    TRANSCANADA PIPELELINES MTN 4,977 5,906
    TRUIST FINL CORP SER G NOTE 10,499 11,324
    UNIFORM MBS POOL 95,879 95,700
    UNITEDHEALTH GROUP INC NOTE 10,077 11,393
    VALERO ENERGY CORP NOTE CALL MAKE WHOLE 9,958 10,965
    VENTAS RLTY LTD PARTNERSHIPS NOTE 11,287 11,408
    VERIZON COMMUNICAITONS INC 2.62500% 17,766 21,915
    VERIZON COMMUNICATIONS INC 4.3% 5,572 6,021
    VODAFONE GROUP NOTE CALL MAKE WHOLE 14,911 17,153
    WELLS FARGO &CO MTN 11,164 11,336
    WESTROCK CO SER B NOTE 4.00000% 5,686 5,797

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    HASSEL FOUNDATION
     
    C/O MICHAEL KREKSTEIN ESQ
    EIN:
    23-6251862
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ISHARES TR CORE MSCI TOTAL 511,229 557,802
    LATTICE STRATEGIES TR HARTFORD MLT ETF 519,099 504,571
    LEGG MASON ETF INVESTMENT TR L VOL H DIV 395,252 390,187
    VANGUARD INDEX FDS VANGUARD GROWTH ETF 654,415 1,241,257
    VANGUARD INDEX FDS VANGUARD VALUE ETF 627,636 837,598
    VANGUARD SMALL CAP VALUE ETF 85,663 109,535
    VANGUARD SMALL-CAP GROWTH INDEX FUND 82,624 110,934

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    HASSEL FOUNDATION
     
    C/O MICHAEL KREKSTEIN ESQ
    EIN:
    23-6251862
    US Government Securities - End of Year Book Value:

    1,071,240
    US Government Securities - End of Year Fair Market Value:

    1,101,683
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2020 InvestmentsOtherSchedule2
    Name:
    HASSEL FOUNDATION
     
    C/O MICHAEL KREKSTEIN ESQ
    EIN:
    23-6251862
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MILL CREEK PRIVATE EQUITY FUND IV LP AT COST 138,106 138,106
    GLENMEDE CLIENT OPPORTUNITIES LLC -K-1 AT COST 214,911 214,911

    TY 2020 LegalFeesSchedule
    Name:
    HASSEL FOUNDATION
     
    C/O MICHAEL KREKSTEIN ESQ
    EIN:
    23-6251862
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FINEMAN KREKSTEIN & HARRIS 15,000 15,000   0


    TY 2020 OtherExpensesSchedule
    Name:
    HASSEL FOUNDATION
     
    C/O MICHAEL KREKSTEIN ESQ
    EIN:
    23-6251862
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    WIRE TRANSFER FEES 48 48   0
    K1 EXPENSES 5,035 5,035   0
    PASSTHROUGH K-1S OTHER EXPENSES 9,006 9,006   0
    MISC 50 50   0


    TY 2020 OtherIncomeSchedule2
    Name:
    HASSEL FOUNDATION
     
    C/O MICHAEL KREKSTEIN ESQ
    EIN:
    23-6251862
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ROYALTIES 23 23 23


    TY 2020 OtherIncreasesSchedule
    Name:
    HASSEL FOUNDATION
     
    C/O MICHAEL KREKSTEIN ESQ
    EIN:
    23-6251862
    Description Amount
    BOOK TO TAX ADJUSTMENT 130,035


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    HASSEL FOUNDATION
     
    C/O MICHAEL KREKSTEIN ESQ
    EIN:
    23-6251862
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    REPUBLIC BANK FEES 17,064 17,064   0
    MILL CREEK CAPITAL ADVISORS FEES 24,903 24,903   0
    MILL CREEK BROOKER FEE 10,008 10,008   0


    TY 2020 TaxesSchedule
    Name:
    HASSEL FOUNDATION
     
    C/O MICHAEL KREKSTEIN ESQ
    EIN:
    23-6251862
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    K1 FOREIGN TRANSACTIONS 22 22   0
    FEDERAL TAXES 3,728 0   0