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
THE LAFFEY-MCHUGH FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 2286
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WILMINGTON, DE19899
A Employer identification number

51-6015095
B Telephone number (see instructions)

(302) 654-1680
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$79,195,416J Accounting method:
INCOME TAX
(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 4,978 4,978  
4 Dividends and interest from securities... 410,219 410,219  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 4,136,166
b Gross sales price for all assets on line 6a 7,449,660
7 Capital gain net income (from Part IV, line 2)... 4,136,166
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 1,072,631 1,005,829  
12 Total. Add lines 1 through 11........ 5,623,994 5,557,192  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 140,000 70,000   70,000
14 Other employee salaries and wages...... 206,500 103,250   103,250
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 11,485 5,743   5,742
b Accounting fees (attach schedule)....... Click to see attachment 54,150 27,075   27,075
c Other professional fees (attach schedule).... Click to see attachment 270,378 270,378   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 131,067 13,242   13,185
19 Depreciation (attach schedule) and depletion... Click to see attachment 18,771 0  
20 Occupancy.............. 15,861 7,930   7,931
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 28,335 14,163   14,172
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 876,547 511,781   241,355
25 Contributions, gifts, grants paid....... 3,163,500 3,163,500
26 Total expenses and disbursements. Add lines 24 and 25 4,040,047 511,781   3,404,855
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,583,947
b Net investment income (if negative, enter -0-) 5,045,411
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.............      
2 Savings and temporary cash investments......... 1,203,066 1,298,588 1,298,588
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)      
b Investments—corporate stock (attach schedule)....... 5,003,973 Click to see attachment5,524,028 9,831,757
c Investments—corporate bonds (attach schedule)....... 6,085,324 Click to see attachment6,309,494 5,693,978
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 41,687,705 Click to see attachment42,382,266 62,312,785
14 Land, buildings, and equipment: basis bullet309,296
Less: accumulated depreciation (attach schedule) bullet254,871 55,629 Click to see attachment54,425 54,425
15 Other assets (describe bullet) Click to see attachment6,794 Click to see attachment3,883 Click to see attachment3,883
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 54,042,491 55,572,684 79,195,416
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) Click to see attachment56,264 Click to see attachment2,510
23 Total liabilities (add lines 17 through 22)......... 56,264 2,510
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 53,986,227 55,570,174
29 Total net assets or fund balances (see instructions)..... 53,986,227 55,570,174
30 Total liabilities and net assets/fund balances (see instructions). 54,042,491 55,572,684
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
53,986,227
2
Enter amount from Part I, line 27a .....................
2
1,583,947
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
55,570,174
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
55,570,174
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 PUBLICLY TRADED SECURITIES      
b GOLDMAN SACHS P 2019-01-01 2020-12-31
c FIR TREE INTERNATIONAL P 2019-01-01 2020-12-31
d FROM PARTNERSHIP PASSTHROUGH P 2019-01-01 2020-12-31
e FROM PARTNERSHIP PASSTHROUGH P 2020-01-01 2020-12-31
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 5,250,658   3,313,494 1,937,164
b 36,290     36,290
c 142,981     142,981
d 808,240     808,240
e 85,920     85,920
1,125,571     1,125,571
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       1,937,164
b       36,290
c       142,981
d       808,240
e       85,920
      1,125,571
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 4,136,166
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 70,131
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 70,131
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 70,131
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 67,624
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 50,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 117,624
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 31
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 47,462
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet47,462 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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)
    bulletDE
    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 ofbulletTHOMAS VEALE Telephone no.bullet (302) 654-1680

    Located atbulletCOMMUNITY SERVICE BLDG SUITE 815WILMINGTONDE ZIP+4bullet19801
    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
     
     
    ........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
    WILSON J C BRAUN JR VICE PRESIDENT
    2.00     		0 0 0
    PO BOX 4007
    GREENVILLE,DE19807
    COLLINS J SEITZ JR VICE-PRESIDENT
    2.00     		0 0 0
    THE STRAND
    NEW CASTLE,DE19720
    CHRISTOPHER G CONNOLLY VICE-PRESIDENT
    2.00     		0 0 0
    33 BEDFORD STREET SUITE 10
    LEXINGTON,MA02420
    ARTHUR G CONNOLLY III PRESIDENT, CO-TREASURER
    2.00     		0 0 0
    102 SCHOOL ROAD
    WILMINGTON,DE19803
    MARY C BRAUN VP, SECRETARY
    2.00     		0 0 0
    PO BOX 4007
    GREENVILLE,DE19807
    ANTOINE J ALLEN VICE-PRESIDENT, CO-TREASUR
    2.00     		0 0 0
    2305 BAYNARD BLVD
    WILMINGTON,DE19802
    MICHAEL M CONNOLLY VICE-PRESIDENT
    2.00     		0 0 0
    48 TRAINORS LANDING
    ASPEN,CO81611
    THOMAS D VEALE EXECUTIVE DIRECTOR
    40.00     		140,000 0 0
    100 WEST 10TH STREET
    WILMINGTON,DE19805
    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
    DAVID L SYSKO FORMER EXECUTIVE DIR
    0.01     		120,000 0 0
    111 ROCKLAND CIR
    WILMINGTON,DE19803
    PATRICIA L HOFFMAN EXECUTIVE ASSISTANT
    40.00     		85,000 0 0
    6 YORK WAY
    HOCKESSIN,DE19707
    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 N/A 0
    2  
    All other program-related investments. See instructions.
    3  
    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
    68,124,319
    b
    Average of monthly cash balances.......................
    1b
    1,814,754
    c
    Fair market value of all other assets (see instructions)................
    1c
    54,425
    d
    Total (add lines 1a, b, and c).........................
    1d
    69,993,498
    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
    69,993,498
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,049,902
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    68,943,596
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,447,180
    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
    3,447,180
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    70,131
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
    13,815
    c
    Add lines 2a and 2b............................
    2c
    83,946
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,363,234
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,363,234
    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
    3,363,234
    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
    3,404,855
    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
    3,404,855
    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
    3,404,855
    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 3,363,234
    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...... 93,418
    b From 2016......  
    c From 2017......  
    d From 2018...... 198,318
    e From 2019...... 140,204
    fTotal of lines 3a through e........ 431,940
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 3,404,855
    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..... 3,363,234
    e Remaining amount distributed out of corpus 41,621
    5 Excess distributions carryover applied to 2020. 0 0
    (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 5 473,561
    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) ...     		93,418
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		380,143
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018.... 198,318
    d Excess from 2019.... 140,204
    e Excess from 2020.... 41,621
    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:
    LAFFEY-MCHUGH FOUNDATION BOARD OF D
    PO BOX 2286
    WILMINGTON,DE19899
    (302) 654-1680
    PATTY@LAFFEYMCHUGH.ORG
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATION INFORMATION: PLEASE CONTACT THE OFFICE PRIOR TO APPLICATION SUBMISSION. GRANT APPLICATIONS ARE SUBMITTED THROUGH THE ONLINE WEBSITE, CONTACT THE OFFICE FOR INFORMATION. OFFICE CONTACT INFORMATION: 302-654-1680 PATTY@LAFFEYMCHUGH.ORG FORM & CONTENT OF APPLICATION: EMAILING: PATTY@LAFFEYMCHUGH.ORG
    cAny submission deadlines:
    ONLINE APP MUST BE SUBMITTED BY 12PM EST ON APR 1ST & OCT 1ST FOR INCLUSION IN THE JUN/DEC BRD MTGS
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    ASPEN ART MUSEUM
    637 EAST HYMAN AVENUE
    ASPEN,CO81611     		    EDUCATION PROGRAMS 5,000
    TOWER HILL SCHOOL
    2813 W 17TH STREET
    WILMINGTON,DE19806     		    NON-TUITION STUDENT ASSISTANCE FUND 50,000
    TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
    3451 WALNUT STREET SUITE 305
    PHILADELPHIA,PA19104     		    THE PAVILION AT PENN MEDICINE 100,000
    WILMINGTON FRIENDS SCHOOL
    102 SCHOOL ROAD
    WILMINGTON,DE19803     		    ART CONNOLLY, JR. FUND 75,000
    ASPEN CENTER FOR ENVIRONMENTAL STUDIES
    100 PUPPY SMITH STREET
    ASPEN,CO81611     		    EARLY CHILDHOOD EDUCATION SUPPORT 5,000
    BERNARD AND RUTH SIEGEL JEWISH COMMUNITY CENTER
    101 GARDEN OF EDEN ROAD
    WILMINGTON,DE198031511     		    WEEKDAY MEALS PROGRAM 5,000
    BEST BUDDIES INTERNATIONAL INC
    4023 KENNETT PIKE 415
    GREENVILLE,DE19807     		    DELAWARE FRIENDSHIP & SOCIAL INCLUSION 10,000
    BOY SCOUTS OF AMERICADEL-MAR-VA COUNCIL
    1910 BADEN POWELL WAY
    DOVER,DE19904     		    DELAWARE CITIZEN OF THE YEAR 5,000
    BRANDYWINE CONSERVANCY & MUSEUM OF ART
    1 HOFFMANS MILL ROAD
    CHADDS FORD,PA193170141     		    BRANDYWINE CREEK WATER QUALITY IMPROVEMENT 25,000
    CAMBODIAN CHILDRENS FUND
    2309 SANTA MONICA BLVD 833
    SANTA MONICA,CA904043080     		    GENERAL OPERATING SUPPORT 30,000
    CAMBODIAN CHILDRENS FUND
    2309 SANTA MONICA BLVD 833
    SANTA MONICA,CA904043080     		    GENERAL NEED FUNDING 15,000
    CAMP POSSIBILITIES FOUNDAITON
    PO BOX 522
    BERLIN,MD218110522     		    CAMP FOR CHILDREN WITH DIABETES 20,000
    CANCER SUPPORT COMMUNITY DELAWARE
    4810 LANCASTER PIKE
    WILMINGTON,DE19807     		    GENERAL OPERATING SUPPORT 15,000
    CATHOLIC CHARITIES INC
    2601 W 4TH STREET
    WILMINGTON,DE198062301     		    BASIC NEEDS SUPPORT PROGRAM 50,000
    CATHOLIC CHARITIES INC
    2601 W 4TH STREET
    WILMINGTON,DE198062301     		    BASIC NEEDS PROGRAM SUPPORT 75,000
    CENTER FOR STRUCTURAL EQUITY
    813 N TATNALL STREET
    WILMINGTON,DE19801     		    GUNS DOWN MIXTAPE, VOLUME ONE 25,000
    CENTRAL BAPTIST COMMUNITY DEVELOPMENT CORPORATION
    839 PINE STREET
    WILMINGTON,DE198014235     		    EASTSIDE CAREER DEVELOPMENT CENTER 20,000
    CHEER INC
    546 S BEDFORD STREET
    GEORGETOWN,DE19947     		    CHEER COMMERCIAL KITCHEN PROJECT 20,000
    CHILDREN AND FAMILIES FIRST DELAWRE INC
    809 N WASHINGTON STREET
    WILMINGTON,DE198011509     		    GENERAL OPERATING COVID-19 CLIENT NEEDS MODIFIED (A TASTE FOR ART) 20,000
    CHILDREN AND FAMILIES FIRST DELAWRE INC
    809 N WASHINGTON STREET
    WILMINGTON,DE198011509     		    WELCOMING SPACES FOR FOSTER KIDS 30,000
    CHOIR OF DELAWARE INCORPORATED
    2013 N MARKET STREET
    WILMINGTON,DE19802     		    YEAR-ROUND SUPPORT AND LITERACY INITIATIVE 15,000
    CITYFEST INC
    800 N FRENCH STREET
    WILMINGTON,DE19801     		    HBCU WEEK GALA 10,000
    COLORADO WATER TRUST INC
    3264 LARIMER STREET UNIT D
    DENVER,CO802053980     		    RESTORING THE ROARING FORK RIVER 5,000
    COMMUNITY LEGAL AID SOCIETY INC
    100 WEST 10TH STREET SUITE 801
    WILMINGTON,DE198016605     		    LEGAL AID GENERAL OPERATING SUPPORT 50,000
    COMMUNITIES IN SCHOOLS OF DELAWARE INC
    101 LOOCKERMAN STREET
    DOVER,DE199047328     		    E.R.A.S.E. 60,000
    COMMUNITY EDUCATION BUILDING CORP
    1200 N FRENCH STREET
    WILMINGTON,DE198013239     		    WAVE LEARNING SYSTEM 10,000
    COMPASSIONATE CARE HOSPICE FOUNDATION
    248 EAST CHESTNUT HILL ROAD
    NEWARK,DE19713     		    TRANSITION CAPACITY BUILDING 20,000
    CONNECTING GENERATIONS INC
    100 WEST 10TH STREET SUITE 1115
    WILMINGTON,DE19801     		    CREATIVE MENTORING FOR DELAWARE'S YOUTH 20,000
    CORNERSTONE WEST COMMUNITY DEVELOPMENT CORPORATION
    710 N LINCOLN STREET
    WILMINGTON,DE19805     		    URBAN ECO TRAIL INITIATIVE 10,000
    DELAWRE BREAST CANCER COALITION
    100 WEST 10TH STREET SUITE 209
    WILMINGTON,DE19801     		    SURVIVORSHIP PROGRAM DELIVERY AND EXPANSION 20,000
    DELAWARE COLLEGE OF ART AND DESIGNPRATT-CORCORAN ASS
    600 NORTH MARKET STREET
    WILMINGTON,DE19801     		    GENERAL OPERATING SUPPORT 20,000
    DELAWARE COMMUNITY FOUNDATION
    PO BOX 1636
    WILMINGTON,DE19899     		    COVID-19 STRATEGIC RESPONSE FUND 100,000
    DELAWARE CENTER FOR CONTEMPORARY ARTS
    200 S MADISON STREET
    WILMINGTON,DE19801     		    GENERAL OPERATING SUPPORT, VIRTUAL ENGAGEMENT 25,000
    DELAWARE FIRST MEDIA CORPORATION
    1200 N DUPONT HIGHWAY
    DOVER,DE19901     		    DATACASTING SYSTEM REPLACEMENT 10,000
    DELAWARE INSTITUTE FOR THE ARTS IN EDUCATION
    1200 N FRENCH STREET NO 512 ROOM
    512
    WILMINGTON,DE198013239     		    DIAE ART KITS FOR FAMILIES 5,000
    DELAWARE PACEM IN TERRIS INC
    401 N WEST STREET
    WILMINGTON,DE19801     		    VISIONARY PEACE PROGRAM 10,000
    DELAWARE SHAKESPEARE FESTIVAL INC
    4 S POPLAR STREET
    WILMINGTON,DE19801     		    THE DELAWARE SHAKESPEARE COMMUNITY TOUR 10,000
    DELAWARE STATE UNIVERSITY
    1200 NORTH DUPONT HIGHWAY
    DOVER,DE19901     		    COVID-19 STUDENT EMERGENCY RELIEF FUND 100,000
    EAST SIDE COMMUNITY LEARNING CENTER FOUNDATION
    3000 N CLAYMONT ST
    WILMINGTON,DE198022807     		    APEX HONORS EXPANSION 75,000
    FAMILY COUNSELING CENTER OF ST PAUL'S
    301 N VAN BUREN STREET
    WILMINGTON,DE19805     		    CASE MANAGEMENT FUNDING SUPPORT 20,000
    FAMILY PROMISE OF NORTHERN NEW CASTLE COUNTY INC
    2104 ST JAMES CHURCH ROAD
    WILMINGTON,DE19808     		    THE HOSPITALITY CENTER & GENERAL OPERATING SUPPORT 50,000
    FOOD BANK OF DELAWARE INC
    222 LAKE DRIVE
    NEWARK,DE19702     		    COVID-19 URGENT ASSISTANCE 100,000
    FRIENDSHIP HOUSE INC
    PO BOX 1517
    WILMINGTON,DE198991517     		    CLOTHING BANK CAPACITY BUILDING 30,000
    GOOD NEIGHBORS INC
    224 EAST STREET ROAD
    KENNETT SQUARE,PA193481705     		    LOW-INCOME HEALTHY HOMES INITIATIVE 5,000
    HABITAT FOR HUMANITY INTERNATIONAL INC
    1920 HUTTON STREET
    WILMINGTON,DE19802     		    NEIGHBORHOOD REVITALIZATION INITIATIVE (GENERAL OPERATING) 20,000
    HABITAT FOR HUMANITY INTERNATIONAL INC
    53 CALAWAY COURT
    GLENWOOD SPRINGS,CO816019351     		    BASALT VISTA AFFORDABLE TOWNHOME PROJECT 15,000
    INGLESIDE HOMES INC
    1005 N FRANKLIN STREET
    WILMINGTON,DE198064553     		    BENEVOLENCE FUNDING 25,000
    JEWISH FAMILY SERVICES OF DELAWARE INC
    99 PASSMORE ROAD
    WILMINGTON,DE19803     		    JFS AND CANCER CARE CONNECTION 25,000
    JEWISH FAMILY SERVICES OF DELAWARE INC
    99 PASSMORE ROAD
    WILMINGTON,DE19803     		    EMPLOYMENT SUPPORT NETWORK 25,000
    JOBS FOR DELAWARE GRADUATES INC
    381 W NRTH STREET
    DOVER,DE199046748     		    GENERAL OPERATING SUPPORT 10,000
    KALMAR NYCKEL FOUNDATION
    1124 EAST 7TH STREET
    WILMINGTON,DE198014502     		    KALMAR NYCKEL FIELD TRIP PROGRAMS 20,000
    KIND TO KIDS FOUNDATION
    100 WEST 10TH STREET SUITE 606
    WILMINGTON,DE19801     		    UGRAD EDUCATION PROGRAM 30,000
    KINGSWOOD COMMUNITY CENTER INC
    2300 BOWERS STREET
    WILMINGTON,DE19802     		    EARLY LEARNING ACADEMY ENHANCEMENT INITIATIVE 20,000
    LA RED HEALTH CENTER INC
    21444 CARMEAN WAY
    GEORGETOWN,DE199474572     		    RE-ESTABLISHING PATIENT VISITS 35,000
    LIMEN HOUSE INC
    PO BOX 1306
    WILMINGTON,DE198011424     		    TECHNOLOGY & GENERAL OPERATING SUPPORT 25,000
    METROPOLITAN WILMINGTON URBAN LEAGUE INC
    100 WEST 10TH STREET SUITE 602
    WILMINGTON,DE198016605     		    GENERAL OPERATING SUPPORT 60,000
    MILFORD HOUSING DEVELOPMENT CORPERATION
    977 E MASTEN CIRCLE
    MILFORD,DE199631085     		    GENERAL OPERATING SUPPORT 25,000
    MINISTRY OF CARING INC
    115 E 14TH STREET
    WILMINGTON,DE198013209     		    GENERAL OPERATING SUPPORT (MINISTRY OF CARING CAPITAL IMRPOVEMENTS) 90,000
    MINISTRY OF CARING INC
    115 E 14TH STREET
    WILMINGTON,DE198013209     		    VILLA MARIA 75,000
    THE MUSIC SCHOOL OF DELAWARE INC
    4101 N WASHINGTON STREET
    WILMINGTON,DE198022151     		    MELODY 25,000
    NATIONAL ALOPECIA AREATA FOUNDATION
    65 MITCHELL BOULEVARD SUITE 200B
    SAN RAFAEL,CA949032000     		    WIGS & WELLNESS FOR "ALOPECIANS" 15,000
    NATIONAL COUNCIL ON AGRACULTURAL LIFE AND LABOR RESEARCH FUND IN
    363 SAULSBURY ROAD
    DOVER,DE199042722     		    STEMMING DELAWARE COVID-RELATED FORECLOSURES 15,000
    NATIVITY PREPARATORY SCHOOL OF WILMINGTON
    1515 LINDEN STREET
    WILMINGTON,DE19805     		    SCHOLARSHIP PROGRAM 25,000
    NEIGHBORHOOD HOUSE INC
    1218 B STREET
    WILMINGTON,DE198015844     		    YOUTH DEVELOPMENT PROGRAM 25,000
    OCEAN ALLIANCE INC
    32 HORTON STREET
    GLOUCESTER,MA019304149     		    OCEAN ALLIANCE CONSERVATION LIBRARY 10,000
    OPERA DELAWARE INC
    4 S POPLAR STREET
    WILMINGTON,DE198015009     		    INSIDE OPERA/KIDS KORNER SERIES 5,000
    OPERATION WARM INC
    50 APPLIED BANK BLVD SUITE 204
    GLEN MILLS,PA193421091     		    NEW COATS FOR DELAWARE CHILDREN 15,000
    PARTNERSHIP FOR THE DELAWARE ESTUARY INC
    110 SOUTH POPLAR STREET SUITE 202
    WILMINGTON,DE198015034     		    GENERAL OPERATING SUPPORT CAPACITY BUILDING 10,000
    PATHFINDERS MBS
    PO BOX 11799
    ASPEN,CO81612     		    GRIEF AND LOSS/ILLNESS COUNSELING 10,000
    UNIVERSITY OF DELAWARE
    100 WEST 10TH STREET SUITE 812
    WILMINGTON,DE197160099     		    EVOLUTIONARY ADAPTIVE PROGRAMMING 25,000
    REACH RIVERSIDE DEVELOPMENT CORPORATION
    2300 BOWERS STREET
    WILMINGTON,DE198024610     		    REACH RIVERSIDE HEALTH HUB 25,000
    RODNEY STREET TENNIS ASSOCIATION
    101 GARDEN OF EDEN ROAD
    WILMINGTON,DE198031511     		    PHASED REOPENING TENNIS AND ENRICHMENT 15,000
    SAINT EDMOND'S ACADEMY
    2120 VEALE ROAD
    WILMINGTON,DE19810     		    GENERAL OPERATING SUPPORT 25,000
    SAINT ELIZABETH SCHOOL
    1500 CEDAR STREET
    WILMINGTON,DE19805     		    VIKING PERFORMANCE PATHWAY - CONTINUATION 10,000
    ST MICHAELS SCHOOL AND NURSERY INC
    700 N WALNUT STREET
    WILMINGTON,DE198013803     		    GENERAL OPERATING SUPPORT 40,000
    ST PATRICKS CENTER INC
    107 E 14TH STREET
    WILMINGTON,DE198013209     		    EMERGENCY FOOD PROGRAM 50,000
    THE SALVATION ARMY DELAWARE
    400 N ORANGE STREET
    WILMINGTON,DE19801     		    AHT PROGRAM CRITICAL FACILITIES/SECURITY PROJECT 50,000
    SERVIAM GIRLS ACADEMY INC
    900 N WASHINGTON STREET
    WILMINGTON,DE19801     		    EXPANSIVE CLASSROOM PROJECT PILOT 30,000
    SOJOURNERS PLACE INC
    2901 NORTHEAST BOULEVARD
    WILMINGTON,DE19802     		    SOJOURNERS' PLACE OPERATING SUPPORT 15,000
    SPUR IMPACT ASSOCIATION
    PO BOX 25208
    WILMINGTON,DE198995208     		    DELAWARE GIVES 2021 25,000
    STEHM INC
    PO BOX 2617
    WILMINGTON,DE198050617     		    GENERAL OPERATING SUPPORT 23,500
    STRIVE HOW TO LEAD MATTERS INC
    1121 THATCHER STREET STE C
    WILMINGTON,DE19802     		    WAVE SUPPORT (MIDIFIED FROM: YOUTH DEVELOPMENT PROGRAM ALLIANCE)UPDATED (SPORTS-BASED YOUTH DEVELOPMENT PROGRAM ALLIANCE) 30,000
    STRIVE HOW TO LEAD MATTERS INC
    1121 THATCHER STREET STE C
    WILMINGTON,DE19802     		    BUILDING DELAWARE'S SBYD FRAMEWORK 10,000
    SUMMER LEARNING COLLABORATIVE
    1200 N FRENCH STREET
    WILMINGTON,DE19801     		    LITERACY EXPANSION - VIRTUAL GUIDES 10,000
    SUNDAY BREAKFAST MISSION
    110 N POPLAR DRIVE
    WILMINGTON,DE19805     		    GENERAL OPERTING SUPPORT 40,000
    TECH IMPACT
    100 WEST 10TH STREET SUITE 1007
    WILMINGTON,DE19801     		    ITWORKS DELAWARE TECHNOLOGY TRAINING PROGRAM 20,000
    TEENSHARP
    1200 N FRENCH STREET 5TH FLOOR
    WILMINGTON,DE19801     		    LEARNING ENRICHMENT DURING COVID 75,000
    TODMORDEN FOUNDATION
    100 WEST 10TH STREET SUITE 1104
    WILMINGTON,DE19801     		    FLATS PHASE IV 25,000
    TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
    3451 WALNUT STREET SUITE 310
    PHILADELPHIA,PA19104     		    CORONAVIRUS GIFT FUND 50,000
    TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
    3451 WALNUT STREET SUITE 310
    PHILADELPHIA,PA19104     		    SEZARY SYNDROME: TREATMENT INDUCED REMISSION 50,000
    TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
    3451 WALNUT STREET SUITE 310
    PHILADELPHIA,PA19104     		    NOVEL CART THERAPY FOR LYMPHOMA 75,000
    UNITED CEREBRAL PALSY OF DELAWARE INC
    700 RIVER RD APT A
    WILMINGTON,DE19809     		    SUMMER CAMPS AND HOLIDAY RESPITE 25,000
    UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM
    3451 WALNUT STREET SUITE 305
    PHILADELPHIA,PA19104     		    CHIPS 75,000
    URBAN BIKE PROJECT OF WILMINGTON INC
    1500 N WALNUT STREET
    WILMINGTON,DE19801     		    COVID BIKE CHALLENGE (MODIFIED) (YOUTH PROGRAM EXPANSIONS) 10,000
    URBANPROMISE MINISTRIES WILMINGTON
    2401 THATCHER STREET
    WILMINGTON,DE19802     		    STREETLEADER TEEN JOB TRANING PROGRAM 45,000
    VETERANS WATCHMAKER INITIATIVE INC
    PO BOX 329
    LITTLE CREEK,DE19961     		    VWI SERVICE CENTER 5,000
    VISION TO LEARN
    12100 WILSHIRE BLVD SUITE 1275
    LOS ANGELES,CA90025     		    VISION TO LEAR 15,000
    WEST END NEIGHBORHOOD HOUSE INC
    710 N LINCOLN STREET
    WILMINGTON,DE19805     		    LOCAL PRODUCE FOR NEEDY FAMILIES 25,000
    WILDERNESS WORKSHOP
    PO BOX 442
    CARBONDALE,CO81623     		    FOREST WATCHDOG PROGRAM 5,000
    WILMINGTON RENAISSANCE CORPORATION
    100 WEST 10TH STREET SUITE 206
    WILMINGTON,DE19801     		    WILMINGTON IS WORKING 65,000
    WILMINGTON SENIOR CENTER INC
    1901 NORTH MARKET STREET
    WILMINGTON,DE19802     		    CAPACITY BUILDING CONSULTING 5,000
    YEAR UP INC
    WILMINGTON UNIVERSITY 320 NORTH
    DUPONT HIGHWAY THE GREEN 303
    NEW CASTLE,DE19720     		    GENERAL OPERATING SUPPORT 30,000
    YOUNG MENS CHRISTIAN ASSOCIATION OF DELAWARE
    100 WEST 10TH STREET SUITE 1100
    WILMINGTON,DE19801     		    WALNUT STREET LEARNING SUPPORT CENTER 75,000
    ZOE MINISTRIES INC
    PO BOX 26
    GREENWOOD,DE19950     		    SEX TRAFFICKING AWARENESS 30,000
    Total .................................bullet 3a 3,163,500
    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 4,978  
    4 Dividends and interest from securities....     14 410,219  
    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.....     18 1,072,631  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 4,136,166  
    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 5,623,994 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    5,623,994
    (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.)
    11 INCOME WAS GENERATED FROM INVESTMENTS TO SUPPORT THE FUNDING NEEDS OF THE FOUNDATION TO SUPPORT THE GRANT APPLICATIONS.
    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 AccountingFeesSchedule
    Name:
    THE LAFFEY-MCHUGH FOUNDATION
    EIN:
    51-6015095
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING EXPENSES 54,150 27,075   27,075

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

    TY 2020 DepreciationSchedule
    Name:
    THE LAFFEY-MCHUGH FOUNDATION
    EIN:
    51-6015095
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    COMPUTER HARDWARE 2001-05-31 25,439 25,439 200DB 5.000000000000 0 0    
    FURNITURE 2001-07-31 28,694 28,694 200DB 7.000000000000 0 0    
    LEASEHOLD IMPROVEMENT 2001-07-31 60,262 28,454 SL 39.000000000000 1,545 0    
    FURNITURE 2002-09-30 1,725 1,725 SL 7.000000000000 0 0    
    COMPUTER SOFTWARE 2002-01-25 13,395 13,395 SL 5.000000000000 0 0    
    COMPUTER SOFTWARE 2003-08-07 3,074 3,074 SL 3.000000000000 0 0    
    FURNITURE 2003-11-06 6,250 6,250 SL 7.000000000000 0 0    
    TELEPHONE SYSTEM 2003-06-27 655 655 SL 7.000000000000 0 0    
    FURNITURE 2003-02-24 1,088 1,088 SL 5.000000000000 0 0    
    2 DELL COMPUTERS 2004-09-10 6,053 6,053 SL 5.000000000000 0 0    
    FURNITURE 2006-09-30 1,076 1,076 SL 5.000000000000 0 0    
    SERVER 2007-11-30 2,812 2,812 SL 5.000000000000 0 0    
    COMPUTER SOFTWARE 2009-07-31 3,888 3,888 SL 5.000000000000 0 0    
    COMPUTER SOFTWARE 2010-08-09 4,036 4,036 SL 3.000000000000 0 0    
    COMPUTER SOFTWARE 2011-09-14 14,284 14,284 SL 3.000000000000 0 0    
    COMPUTER SOFTWARE 2011-09-30 4,439 4,439 SL 3.000000000000 0 0    
    COMPUTER SOFTWARE 2011-10-25 408 408 SL 3.000000000000 0 0    
    COMPUTER SOFTWARE 2012-01-25 220 220 SL 3.000000000000 0 0    
    COMPUTER SOFTWARE 2012-09-07 5,845 5,845 SL 3.000000000000 0 0    
    COMPUTER SOFTWARE 2012-11-20 4,240 4,240 SL 3.000000000000 0 0    
    COMPUTER SOFTWARE 2013-08-02 6,085 6,085 SL 3.000000000000 0 0    
    COMPUTER SOFTWARE 2013-12-19 4,452 4,452 SL 3.000000000000 0 0    
    COMPUTER SOFTWARE 2014-07-03 6,367 6,367 SL 3.000000000000 0 0    
    COMPUTER SOFTWARE 2014-11-18 4,593 4,593 SL 3.000000000000 0 0    
    COMPUTER SOFTWARE 2015-07-07 20,197 20,197 SL 3.000000000000 0 0    
    COMPUTER HARDWARE 2016-10-21 11,922 11,922 SL 3.000000000000 0 0    
    COMPUTER SOFTWARE 2017-05-04 15,933 14,163 SL 3.000000000000 1,770 0    
    COMPUTER SOFTWARE 2018-05-18 16,730 8,830 SL 3.000000000000 5,577 0    
    COMPUTER SOFTWARE 2019-05-30 17,567 3,416 SL 3.000000000000 5,856 0    
    COMPUTER HARDWARE 2020-03-20 4,308   SL 3.000000000000 1,077 0    
    COMPUTER HARDWARE 2020-05-15 13,259   SL 3.000000000000 2,946 0    

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    THE LAFFEY-MCHUGH FOUNDATION
    EIN:
    51-6015095
    Name of Bond End of Year Book Value End of Year Fair Market Value
    US CORPORATE BONDS 6,309,494 5,693,978

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE LAFFEY-MCHUGH FOUNDATION
    EIN:
    51-6015095
    Name of Stock End of Year Book Value End of Year Fair Market Value
    COMMON STOCK 5,524,028 9,831,757

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE LAFFEY-MCHUGH FOUNDATION
    EIN:
    51-6015095
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MUTUAL FUNDS AT COST 12,097,179 19,624,846
    INVESTMENT PARTNERSHIPS AT COST 30,285,087 42,687,939

    TY 2020 LandEtcSchedule2
    Name:
    THE LAFFEY-MCHUGH FOUNDATION
    EIN:
    51-6015095
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    COMPUTER HARDWARE 25,439 25,439 0  
    FURNITURE 28,694 28,694 0  
    LEASEHOLD IMPROVEMENT 60,262 29,999 30,263  
    FURNITURE 1,725 1,725 0  
    COMPUTER SOFTWARE 13,395 13,395 0  
    COMPUTER SOFTWARE 3,074 3,074 0  
    FURNITURE 6,250 6,250 0  
    TELEPHONE SYSTEM 655 655 0  
    FURNITURE 1,088 1,088 0  
    2 DELL COMPUTERS 6,053 6,053 0  
    FURNITURE 1,076 1,076 0  
    SERVER 2,812 2,812 0  
    COMPUTER SOFTWARE 3,888 3,888 0  
    COMPUTER SOFTWARE 4,036 4,036 0  
    COMPUTER SOFTWARE 14,284 14,284 0  
    COMPUTER SOFTWARE 4,439 4,439 0  
    COMPUTER SOFTWARE 408 408 0  
    COMPUTER SOFTWARE 220 220 0  
    COMPUTER SOFTWARE 5,845 5,845 0  
    COMPUTER SOFTWARE 4,240 4,240 0  
    COMPUTER SOFTWARE 6,085 6,085 0  
    COMPUTER SOFTWARE 4,452 4,452 0  
    COMPUTER SOFTWARE 6,367 6,367 0  
    COMPUTER SOFTWARE 4,593 4,593 0  
    COMPUTER SOFTWARE 20,197 20,197 0  
    COMPUTER HARDWARE 11,922 11,922 0  
    COMPUTER SOFTWARE 15,933 15,933 0  
    COMPUTER SOFTWARE 16,730 14,407 2,323  
    COMPUTER SOFTWARE 17,567 9,272 8,295  
    COMPUTER HARDWARE 4,308 1,077 3,231  
    COMPUTER HARDWARE 13,259 2,946 10,313  


    TY 2020 LegalFeesSchedule
    Name:
    THE LAFFEY-MCHUGH FOUNDATION
    EIN:
    51-6015095
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL EXPENSES 11,485 5,743   5,742


    TY 2020 OtherAssetsSchedule
    Name:
    THE LAFFEY-MCHUGH FOUNDATION
    EIN:
    51-6015095
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    REDEMPTION RECEIVABLE 6,794 3,883 3,883


    TY 2020 OtherExpensesSchedule
    Name:
    THE LAFFEY-MCHUGH FOUNDATION
    EIN:
    51-6015095
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LICENSES AND PERMIT 150 75   75
    DUES 5,620 2,810   2,810
    FRANCHISE TAXES 25 0   25
    INSURANCE 4,828 2,414   2,414
    LEASE EXPENSE 1,359 680   679
    OFFICE SUPPLIES 455 227   228
    OPERATING EXPENSE 5,474 2,737   2,737
    PAYROLL FEES 1,985 993   992
    POSTAGE 414 207   207
    FOREIGN EXCHANGE FEE 15 15   0
    REIMBURSED EXPENSES 884 442   442
    TECH SERVICES 1,960 980   980
    TELEPHONE 5,119 2,560   2,559
    BANK FEE 47 23   24


    TY 2020 OtherIncomeSchedule2
    Name:
    THE LAFFEY-MCHUGH FOUNDATION
    EIN:
    51-6015095
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARTNERSHIP INCOME/(LOSS) 1,065,755 998,953 1,065,755
    OTHER INCOME 6,876 6,876 6,876


    TY 2020 OtherLiabilitiesSchedule
    Name:
    THE LAFFEY-MCHUGH FOUNDATION
    EIN:
    51-6015095
    Description Beginning of Year - Book Value End of Year - Book Value
    CREDIT CARD PAYABLE 3,502 2,510
    PURCHASES PAYABLE 52,762 0


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE LAFFEY-MCHUGH FOUNDATION
    EIN:
    51-6015095
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 270,378 270,378   0


    TY 2020 TaxesSchedule
    Name:
    THE LAFFEY-MCHUGH FOUNDATION
    EIN:
    51-6015095
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 98,640 0   0
    PAYROLL TAXES 32,370 13,185   13,185
    FOREIGN TAX WITHHELD 57 57   0