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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
POWDER MILL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)140 E MARKET STREET PO BOX 2026
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
YORK, PA174052026
A Employer identification number

23-7751589
B Telephone number (see instructions)

(717) 848-5500
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$203,804,890J 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) 242,343
2 Check bullet.............
3 Interest on savings and temporary cash investments 1,851,294 1,851,294  
4 Dividends and interest from securities... 878,219 878,219  
5a Gross rents............ 93,842 93,842  
b Net rental income or (loss) -84,501
6a Net gain or (loss) from sale of assets not on line 10 10,446,147
b Gross sales price for all assets on line 6a 62,550,514
7 Capital gain net income (from Part IV, line 2)... 10,446,147
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 6,421,358 6,516,475  
12 Total. Add lines 1 through 11........ 19,933,203 19,785,977  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 245,826 61,457   184,370
14 Other employee salaries and wages...... 145,607 145,607   0
15 Pension plans, employee benefits....... 49,762 12,440   37,321
16a Legal fees (attach schedule)......... Click to see attachment 545,745 272,872   272,872
b Accounting fees (attach schedule)....... Click to see attachment 48,630 24,315   24,315
c Other professional fees (attach schedule).... Click to see attachment 313,486 313,486   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 43,195 0   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 23,952 23,952  
20 Occupancy.............. 190,396 159,518   30,878
21 Travel, conferences, and meetings....... 4,004 0   4,004
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 143,213 0   143,213
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,753,816 1,013,647   696,973
25 Contributions, gifts, grants paid....... 11,613,674 10,577,818
26 Total expenses and disbursements. Add lines 24 and 25 13,367,490 1,013,647   11,274,791
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 6,565,713
b Net investment income (if negative, enter -0-) 18,772,330
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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.............   1 1
2 Savings and temporary cash investments......... 3,145,662 3,257,702 3,257,702
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) bullet30,747,644
Less: allowance for doubtful accounts bullet0 30,603,636 30,747,644 30,747,644
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 400,000 356,805 356,805
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 103,365,485 Click to see attachment112,837,345 161,869,909
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet1,053,168
Less: accumulated depreciation (attach schedule) bullet147,462 904,129 Click to see attachment905,706 905,706
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 8,687,692 Click to see attachment6,592,532 6,592,532
14 Land, buildings, and equipment: basis bullet74,591
Less: accumulated depreciation (attach schedule) bullet   74,591 Click to see attachment74,591 74,591
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 147,181,195 154,772,326 203,804,890
Liabilities 17 Accounts payable and accrued expenses.......... 40,729 33,723
18 Grants payable................. 19,303,500 20,335,924
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)......... 19,344,229 20,369,647
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 127,836,966 134,402,679
29 Total net assets or fund balances (see instructions)..... 127,836,966 134,402,679
30 Total liabilities and net assets/fund balances (see instructions). 147,181,195 154,772,326
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
127,836,966
2
Enter amount from Part I, line 27a .....................
2
6,565,713
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
134,402,679
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
134,402,679
Form 990-PF (2021)
Form 990-PF (2021)
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 CODO 241, LP P    
b 241 CODO, LLC P    
c WILMINGTON INVESTMENTS      
d CAPITAL GAINS DIVIDENDS P    
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a     1,710,027 -1,710,027
b     5,277 -5,277
c 58,940,727   50,389,063 8,551,664
d 3,609,787     3,609,787
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -1,710,027
b       -5,277
c       8,551,664
d       3,609,787
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 10,446,147
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  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
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 All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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........................... 3 260,935
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- ..... 5 260,935
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 356,805
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 356,805
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 95,870
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet95,870 RefundedBullet 11 0
Part VI-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 XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletPA
    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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. Click to see attachment...............................
    10
    Yes
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-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 H HADY III Telephone no.bullet (717) 848-5500

    Located atbullet140 E MARKET STREET PO BOX 2026YORKPA ZIP+4bullet174052026
    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 2021, 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 VI-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? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
    Yes
     
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (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)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    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 2021? .............
    1d
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-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))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    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? .................
    5d
     
     
    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? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    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
    DAVE KENNEDY CHAIRMAN
    15.00     		0 0 0
    140 E MARKET STREET
    YORK,PA17405
    JOSEPHINE S APPELL VICE-CHAIR, TRUSTEE
    1.00     		0 0 0
    140 E MARKET STREET
    YORK,PA17405
    JOHN L FINLAYSON TREASURER, TRUSTEE
    3.00     		0 0 0
    140 E MARKET STREET
    YORK,PA17405
    MARY STETLER SECRETARY
    2.00     		0 0 0
    140 E MARKET STREET
    YORK,PA17405
    HELEN F APPELL II TRUSTEE
    1.00     		0 0 0
    140 E MARKET STREET
    YORK,PA17405
    LOUIS J APPELL III TRUSTEE
    1.00     		0 0 0
    140 E MARKET STREET
    YORK,PA17405
    SALLY DIXON TRUSTEE
    2.00     		0 0 0
    140 E MARKET STREET
    YORK,PA17405
    GEORGE HODGES TRUSTEE
    1.00     		0 0 0
    140 E MARKET STREET
    YORK,PA17405
    MICHAEL H HADY III EXECUTIVE DIRECTOR
    40.00     		245,826 49,762 0
    140 E MARKET STREET
    YORK,PA17405
    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 (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    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
    DF DENT & CO INVESTMENT ADVISORS 294,757
    400 E PRATT STREET SUITE 720
    BALTIMORE,MD21202
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-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 VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    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
    149,503,439
    b
    Average of monthly cash balances.......................
    1b
    4,374,009
    c
    Fair market value of all other assets (see instructions)................
    1c
    40,250,123
    d
    Total (add lines 1a, b, and c).........................
    1d
    194,127,571
    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
    194,127,571
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    2,911,914
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    191,215,657
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    9,560,783
    Part X
    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 IX, line 6..................
    1
    9,560,783
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    260,935
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    260,935
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    9,299,848
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    9,299,848
    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 XII, line 1 ...
    7
    9,299,848
    Part XI
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 9,299,848
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 3,379,957
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 11,274,791
    a Applied to 2020, but not more than line 2a 3,379,957
    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 2021 distributable amount..... 7,894,834
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 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 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		1,405,014
    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 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, 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) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    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 IX, 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 XIV
    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 H HADY III
    140 E MARKET STREET
    YORK,PA17401
    (717) 848-5500
    bThe form in which applications should be submitted and information and materials they should include:
    SEND LETTER OUTLINING NEED
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    PRIMARILY TO CHARITABLE ORGANIZATIONS BENEFITING YORK, PENNSYLVANIA
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    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
    APPELL CENTER FOR PERFORMING ARTS
    50 N GEORGE STREET
    YORK,PA17401     		  PC ANNE HOOVER MEMORIAL GIFT 1,000
    APPELL CENTER FOR PERFORMING ARTS
    50 N GEORGE STREET
    YORK,PA17401     		  PC TUNED INTO YORK SUPPORT 5,000
    APPELL CENTER FOR PERFORMING ARTS
    50 N GEORGE STREET
    YORK,PA17401     		  PC JOHN FINLAYSON MEMORIAL GIFT 10,000
    APPELL CENTER FOR PERFORMING ARTS
    50 N GEORGE STREET
    YORK,PA17401     		  PC CAMPAIGN EXPENSE 2,500
    AMERICAN HEART ASSOCIATION
    610 COMMUNITY WAY
    LANCASTER,PA17601     		  PC YORK CITY SCHOOL PROGRAM 25,000
    AMERICAN RED CROSS
    5410 MT PISGAH RD
    YORK,PA17406     		  PC BIOMEDICAL SCALES 9,978
    BELL SOCIALIZATION SERVICES
    160 S GEORGE ST
    YORK,PA17401     		  PC HANDLE WITH CARE PROGRAM 100,000
    BELMONT THEATRE
    27 S BELMONT STREET
    YORK,PA17403     		  PC MAIN STAGE LIGHTING, RIGGING AND ELECTRICAL 100,000
    BETTER YORK
    2 EAST MARKET STREET
    YORK,PA17401     		  PC ANNUAL GIFT 1,000
    BONHAM HOUSE
    152 E MARKET STREET
    YORK,PA17401     		  PC LANDSCAPE MAINTENANCE 1,476
    CAPITAL AREA GIRLS ON THE RUN
    525 N TWELFTH ST 205
    LEMOYNE,PA17043     		  PC YORK CITY PROGRAM 25,000
    CATHOLIC HARVEST FOOD PANTRY
    628 E MARKET STREET
    YORK,PA17403     		  PC BUILDING RENOVATIONS 25,000
    CHILD CARE CONSULTANTS
    29 N DUKE STREET
    YORK,PA17401     		  PC FIRST 10 PROGRAM 25,000
    CHILD CARE CONSULTANTS
    29 N DUKE STREET
    YORK,PA17401     		  PC EARLY CHILDHOOD INITIATIVE/ 1ST PLDG. PMT. OF 3 50,000
    CHILDREN'S HOME OF YORK
    77 SHOE HOUSE RD
    YORK,PA17406     		  PC TECHNOLOGY IMPROVEMENTS 45,000
    CREATIVE YORK
    10 N BEAVER STREET
    YORK,PA17401     		  PC WEBSITE REDESIGN & NEW COPIER 25,000
    CRISPUS ATTUCKS ASSOCIATION
    200 S DUKE STREET
    YORK,PA17401     		  PC JOHN FINLAYSON MEMORIAL GIFT 10,000
    CULTURAL ALLIANCE OF YORK COUNTY
    14 W MARKET STREET
    YORK,PA17401     		  PC ANNUAL GIFT 70,000
    CULTURAL ALLIANCE OF YORK COUNTY
    14 W MARKET STREET
    YORK,PA17401     		  PC CAMPAIGN MATCH 59,258
    CULTURAL ALLIANCE OF YORK COUNTY
    14 W MARKET STREET
    YORK,PA17401     		  PC BLACK SWAN BALLET 10,000
    CULTURAL ALLIANCE OF YORK COUNTY
    14 W MARKET STREET
    YORK,PA17401     		  PC ARTWORK AND POETRY COMMISION 2,500
    CULTURAL ALLIANCE OF YORK COUNTY
    14 W MARKET STREET
    YORK,PA17401     		  PC JOHN FINLAYSON MEMORIAL GIFT 10,000
    DOWNTOWN INC
    2 EAST MARKET STREET
    YORK,PA17401     		  PC YORK CITY CAMERA SYSTEM STUDY 7,500
    DOWNTOWN INC
    2 EAST MARKET STREET
    YORK,PA17401     		  PC 4TH OF JULY FIREWORKS 15,000
    DOWNTOWN INC
    2 EAST MARKET STREET
    YORK,PA17401     		  PC WELCOMING COMMUNITIES 5,000
    DOWNTOWN INC
    2 EAST MARKET STREET
    YORK,PA17401     		  PC HOLIDAY LIGHTS FOR ROYAL SQUARE 75,000
    DREAMWRIGHTS YOUTH & FAMILY CENTER
    100 CARLISLE AVENUE
    YORK,PA17401     		  PC PHASE II CAPITAL CAMPAIGN 50,000
    DREAMWRIGHTS YOUTH & FAMILY CENTER
    100 CARLISLE AVENUE
    YORK,PA17401     		  PC ART GALLERY SUPPORT 7,500
    EMPLOYERS EDUCATION FOUNDATION
    3405 BOARD ROAD SUITE 100
    YORK,PA17406     		  PC TRAINING AND EDUCATION 50,000
    FAMILY FIRST HEALTH
    116 S GEORGE ST
    YORK,PA17401     		  PC YORK CITY SCHOOLS DENTAL PROGRAM EQUIPMENT 25,000
    FAMILY HEALTH COUNCIL OF CENTRAL PA
    3461 MARKET ST 200
    CAMP HILL,PA17011     		  PC START-UP SUPPORT 24,000
    FARM AND NATURAL LANDS TRUST
    350 N GEORGE STREET
    YORK,PA17401     		  PC 1ST PLDG. PMT. OF 3 100,000
    FOUR CHAPLAINS FUND
    1050 PENNSYLVANIA AVENUE
    YORK,PA17404     		  PC FOUR CHAPLAINS PRAYER BREAKFAST 1,000
    FRIENDS & NEIGHBORS OF PENNSYLVANIA
    363 W MARKET STREET
    YORK,PA17401     		  PC 1ST PLDG. PMT. OF 2/STREET OUTREACH PROGRAM 25,000
    GARDEN CLUB OF YORK
    749 RISHEL DRIVE
    YORK,PA17406     		  PC HANGING BASKETS 3,350
    GIRL SCOUTS IN THE HEART OF PA
    350 HALE AVE
    HARRISBURG,PA17104     		  PC YORK CITY K-3 STEAM PROGRAM 30,000
    GIVE LOCAL YORK
    144 ROOSEVELT AVENUE SUITE 206
    YORK,PA17401     		  PC ANNUAL GIFT 35,000
    GLEN HOPE CARE FARM
    3042 GLEN ALLEN SCHOOL RD
    FELTON,PA17322     		  PC MISC. BUILDING REPAIRS 14,995
    GREATER YORK DANCE
    3524 E MARKET STREET
    YORK,PA17402     		  PC NUTCRACKER SUPPORT 20,000
    HISTORIC PROSPECT HILLS CEMETERY FOUNDATION
    700 N GEORGE ST
    YORK,PA17404     		  PC K9 MONUMENT 5,000
    HORN FARM
    4945 HORN RD
    YORK,PA17406     		  PC PROGRAM SUPPORT 81,000
    KEYSTONE ORAL HISTORIES
    441 COUNTRY CLUB ROAD
    YORK,PA17403     		  PC YORK CITY SCHOOLS CURRICULUM 30,000
    LANCER'S ALUMNI DRUM AND BUGLE CORPS
    2243 SINSHEIM ROAD
    YORK,PA17362     		  PC NEW UNIFORMS 15,000
    LATINOS UNIDOS
    2 WEST MARKET STREET
    YORK,PA17401     		  PC FINAL PLDG PMT OF 2 25,000
    LEBANON CEMETERY
    1412 N GEORGE ST
    YORK,PA17404     		  PC PROGRAM SUPPORT 6,000
    LOWER SUSQUEHANNA RIVERKEEPER
    2098 LONG LEVEL ROAD
    WRIGHTSVILLE,PA17368     		  PC CLEANER CODORUS INITIATIVE SUPPLIES 5,000
    MANTEC
    600 N HARTLEY ST
    YORK,PA17404     		  PC WHAT'S COOL ABOUT MANUFACTURING PROGRAM 10,000
    MAIN STREET YORK
    1 E MARKET STREET
    YORK,PA17401     		  PC MARKETING YORK CAMPAIGN 10,000
    MARGARET MOUL HOME
    2050 BARLEY RD
    YORK,PA17408     		  PC CHILLER REPLACEMENT 30,000
    NEW LIFE FOR MOTHERS AND CHILDREN
    PO BOX 157
    GLEN ROCK,PA17327     		  PC BUILDING REPAIRS 25,000
    NORTHERN YORK COUNTY POLICE
    1445 E CANAL RD
    DOVER,PA17315     		  PC WARP REALITY TRAINING 40,000
    PA & MD RAILROAD PRESERVATION SOCIETY
    1268 MUDDY CREEK FORKS RD
    AIRVILLE,PA17302     		  PC JOHN FINLAYSON MEMORIAL GIFT 10,000
    PANTHER FOUNDATION
    775 MARION ROAD
    YORK,PA17406     		  PC 1ST CAPITAL FIFE AND DRM MUSTER 5,000
    PARLIAMENT ART ORGANIZATION
    116 E KING STREET
    YORK,PA17401     		  PC MURALS/ARTIST IN RESIDENCE/ART COLLECTORS ATHENAEUM 81,000
    PARLIAMENT ARTS ORGANIZATION
    116 E KING STREET
    YORK,PA17401     		  PC DIGITAL INTERN AND GALLERY COORDINATOR SUPPORT 43,120
    PARLIAMENT ARTS ORGANIZATION
    116 E KING STREET
    YORK,PA17401     		  PC PROGRAM SUPPORT 5,000
    PARTNERSHIP FOR ECONOMIC DEVELOPMENT (YCEA)
    144 ROOSEVELT AVENUE SUITE 100
    YORK,PA17401     		  PC YORK COUNTY ECONOMIC DEVELOPMENT STUDY 67,500
    PEDAL FOR PEACE
    531 W KING STREET
    YORK,PA17401     		  PC FINANCIAL SUPPORT 20,000
    POSITIVE ENERGY ARTS FOUNDATION
    415 NORWAY ST
    YORK,PA17403     		  PC YORK CITY SCHOOL PROGRAM 50,000
    PRESERVATION PENNSYLVANIA
    1230 N 3RD ST SUITE 1
    HARRISBURG,PA17102     		  PC FINANCIAL SUPPORT 20,000
    SALVAGING CREATIVITY
    441 EBERTS LN
    YORK,PA17403     		  PC FINANCIAL SUPPORT 6,202
    SCORE
    410 KINGS MILL RD
    YORK,PA17401     		  PC SUPPORT FOR TRAINING 5,000
    SERVANTS
    100 REDCO AVE SUITE C-0
    RED LION,PA17356     		  PC YORK CITY HOME REPAIRS 34,000
    STICK N MOVE BOXING
    125 E COLLEGE AVE
    YORK,PA17401     		  PC GYM EQUIPMENT 10,000
    SUMMIT GROVE CAMP AND CONF CENTER
    140 S FRONT ST
    NEW FREEDOM,PA17349     		  PC BUILDING RENOVATIONS 30,000
    TAFE
    100 CARLISLE AVENUE
    YORK,PA17401     		  PC EQUIPMENT 3,796
    THE GROTO COMMUNITY CENTER
    2 W MARKET STREET
    YORK,PA17401     		  PC COVID RELIEF 25,000
    UNITED WAY OF YORK COUNTY
    800 EAST KING STREET
    YORK,PA17403     		  PC ANNUAL GIFT 80,000
    UNITED WAY OF YORK COUNTY
    800 EAST KING STREET
    YORK,PA17403     		  PC STRATEGIC PLAN 25,000
    WELL THE
    408 W MARKET STREET
    YORK,PA17401     		  PC UNIFORMS FOR YORK CITY SCHOOLS 2,500
    WATERSHED ALLIANCE
    2401 PLEASANT VALLEY ROAD
    YORK,PA17402     		  PC EQUIPMENT FOR FISHING AND CONSERVATION DAY 2,000
    WELLPAN VNA AND HOSPICE
    540 S GEORGE STREET
    YORK,PA17401     		  PC JOHN FINLAYSON MEMORIAL GIFT 10,000
    YORK CHILDRENS ADVOCACY CENTER
    28 S QUEEN STREET
    YORK,PA17403     		  PC REPAIRS OF WATER DAMAGE TO BUILDING 9,850
    YORK CITY
    101 SOUTH GEORGE STREET
    YORK,PA17401     		  PC POLICE DEPARTMENT SUMMER UNIFORMS 5,000
    YORK COLLEGE OF PENNSYLVANIA
    441 COUNTRY CLUB ROAD
    YORK,PA17403     		  PC HORTICULTURE 36,576
    YORK COUNTY COMMUNITY FOUNDATION
    14 WEST MARKET STREET
    YORK,PA17401     		  PC BEAM CONSULTING BALANCE 450
    YORK COUNTY COMMUNITY FOUNDATION
    14 WEST MARKET STREET
    YORK,PA17401     		  PC ARTICLES OF CONFEDERATION MAINT. FUND 15,000
    YORK COUNTY COMMUNITY FOUNDATION
    14 WEST MARKET STREET
    YORK,PA17401     		  PC WHITE ROSE VENTURES 190,000
    YORK COUNTY HISTORY CENTER
    250 E MARKET STREET
    YORK,PA17403     		  PC PFALTGRAFF EXHIBIT 100,000
    YORK COUNTY HISTORY CENTER
    250 E MARKET STREET
    YORK,PA17403     		  PC TANNENBURG ORGAN REPAIRS 20,455
    YORK COUNTY SPCA
    3159 N SUSQUEHANNA TRAIL
    YORK,PA17406     		  PC RENOVATIONS 75,000
    YORK COUNTY DAY SCHOOL
    1000 INDIAN ROCK DAM RD
    YORK,PA17403     		  PC YORK CITY SCHOLARSHIPS 100,000
    YORK COUNTY
    28 E MARKET ST
    YORK,PA17401     		  PC BROADBAND STUDY 8,737
    YORK COUNTY YOUTH DEVELOPMENT CENTER
    3564 HEINDEL RD
    YORK,PA17402     		  PC MISC. EQUIPMENT FOR RESIDENTS 10,075
    YORK DAY NURSERY
    450 E PHILADELPHIA STREET
    YORK,PA17403     		  PC YORK COUNTY SCHOOL OF TECHNOLOGY LOCATION 60,000
    YORK FRESH FOOD FARMS
    150 WILLIS ROAD
    YORK,PA17404     		  PC URBAN FARMING PROGRAM 10,000
    YORK JEWISH COMMUNITY CENTER (JCC)
    2000 HOLLYWOOD DRIVE
    YORK,PA17403     		  PC PROGRAM SUPPORT 25,000
    YORK YOUTH SYMPHONY ORCHESTRA
    50 N GEORGE ST
    YORK,PA17401     		  PC PROGRAM SUPPORT 10,000
    YOUNG THINKERS OF YORK
    7 E MARKET ST 201
    YORK,PA17401     		  PC STEAM CENTER 50,000
    YOUNG LIFE OF YORK COUNTY
    PO BOX 1171
    YORK,PA17405     		  PC SUMMER CAMP SCHOLARSHIPS 5,000
    CITY OF YORK
    101 SOUTH GEORGE STREET
    YORK,PA17401     		  PC HANDLE WITH CARE PROGRAM 100,000
    YORK PROFESSIONAL BASEBALL BASEBALL CLUB
    5 BROOKS ROBINSON WAY
    YORK,PA17401     		  PC PROGRAM SUPPORT 3,432
    Total .................................bullet 3a 2,752,750
    bApproved for future payment
    BELL SOCIALIZATION SERVICES
    160 S GEORGE ST
    YORK,PA17401     		  PC HANDLE WITH CARE PROGRAM 100,000
    CHILD CARE CONSULTANTS
    29 N DUKE STREET
    YORK,PA17401     		  PC EARLY CHILDHOOD INITATIVE 100,000
    FARM AND NATURAL LANDS TRUST
    350 N GEORGE STREET
    YORK,PA17011     		  PC PLEDGE PAYMENTS 200,000
    FRIENDS & NEIGHBORS OF PENNSYLVANIA
    363 W MARKET STREET
    YORK,PA17401     		  PC STREET OUTREACH PROGRAM 25,000
    PARTNERSHIP FOR ECONOMIC DEVELOPMENT (YCEA)
    144 ROOSEVELT AVENUE SUITE 100
    YORK,PA17401     		  PC PROGRAM SUPPORT 112,500
    POSITIVE ENERGY ARTS FOUNDATION
    415 NORWAY ST
    YORK,PA17403     		  PC YORK CITY SCHOOL PROGRAM` 100,000
    YORK COLLEGE OF PENNSYLVANIA
    441 COUNTRY CLUB ROAD
    YORK,PA17403     		  PC CENTER FOR COMMUNITY ENGAGEMENT 200,000
    YORK COLLEGE OF PENNSYLVANIA
    441 COUNTRY CLUB ROAD
    YORK,PA17403     		  PC HORTICULTURE 6,523,424
    YORK COUNTY DAY SCHOOL
    1000 INDIAN ROCK DAM RD
    YORK,PA17403     		  PC SCHOLARSHIPS 400,000
    YORKTOWNE HOTEL
    48 EAST MARKET ST
    YORK,PA17401     		  PC RESOTRATION 1,000,000
    CITY OF YORK
    101 SOUTH GEORGE STREET
    YORK,PA17401     		  PC HANDLE WITH CARE PROGRAM 100,000
    Total .................................bullet 3b 8,860,924
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-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 1,851,294  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......         -84,501
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 10,446,147  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPASS THROUGH - 100 NORTH GEORGE ST. LLC     		    16 13,529  
    bPASS THROUGH - 106 CODO LLC     16 -33  
    cPASS THROUGH - 140 EAST MARKET STREET LP 900003 -58,545 16 37,520  
    dPASS THROUGH - 200 CODO LLC     16 -142  
    ePASS THROUGH - 28 CODO LLC     16 -122  
    fPASS THROUGH - 28 CODO TENANT MANAGEMENT LLC     16 -25,540  
    gPASS THROUGH - 44-50 W. MARKET ST LLC     16 -14,818  
    hPASS THROUGH - CODO 106 LP     16 -10,868  
    iPASS THROUGH - CODO 28LP     16 -74,515  
    jPASS THROUGH - COMMONFUND CAPITAL STRATEGIC SOLUTIONS GLOBAL PRIVATE EQUITY   2,227 16 -84,285  
    kPASS THROUGH - CODO 200 LP     16 -13,658  
    lPASS THROUGH - DOWNTOWN RENAISSANCE FUND 900003 -17,703 16 -44,615  
    mPASS THROUGH - MARKET STREET COMMERCIAL SUBTENANT LLC     16 -9,128  
    nPASS THROUGH - MARKET STREET RES. SUBTENANT LLC     16 -64,076  
    oPASS THROUGH - MARKET STREET YORK LP     16 -184,370  
    pPASS THROUGH - PENN CENTRE MGMNT CO LLC       8,509  
    qPASS THROUGH - SUSQUEHANNA CO WINDUP TRUST 900003 -23,030      
    rPASS THROUGH - TRACEY PARTNERS     16 2,070  
    sPASS THROUGH - YORK PROFESSIONAL BASEBALL CLUB LLC 900003 41,471   -3,432  
    tREIMBURSEMENTS/ REFUNDS     16    
    12 Subtotal. Add columns (b), (d), and (e) .. -94,924 13,799,546 5,807,895
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    19,512,517
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    5 INVESTMENT IN RENTAL BUILDING - CHARITABLE AND INVESTMENT
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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 (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2021
    Name of the organization
    POWDER MILL FOUNDATION
     
    Employer identification number

    23-7751589
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    POWDER MILL FOUNDATION
          		Employer identification number
    23-7751589
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    LOUIS J APPEL JR REV TRUST
     
    1700 POWDER MILL ROAD
     
    YORK, PA17403

    		$ 196,333


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 3
    Name of organization
    POWDER MILL FOUNDATION
          		Employer identification number

    23-7751589
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 INVESTMENTS, PARTNERSHIP INTEREST, NOTES AND LOAN RECEIVABLE $ 196,333 2021-12-31
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    POWDER MILL FOUNDATION
          		Employer identification number

    23-7751589
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990) (2021)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2021 AccountingFeesSchedule
    Name:
    POWDER MILL FOUNDATION
    EIN:
    23-7751589
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 48,630 24,315   24,315

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

    TY 2021 DepreciationSchedule
    Name:
    POWDER MILL FOUNDATION
    EIN:
    23-7751589
    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
    BUILDING - 140 E. MARKET STREET 2013-10-01 608,312 113,085 SL 39.000000000000 15,598 15,598    
    LAND - 140 E. MARKET STREET 2013-10-01 99,027   L   0 0    
    RENOVATIONS TO 140 E. MARKET STREET 2014-07-18 10,610 1,745 SL 39.000000000000 272 272    
    RENOVATIONS TO 140 E. MARKET STREET 2015-07-01 36,745 5,181 SL 39.000000000000 942 942    
    RENOVATIONS TO 140 E. MARKET STREET 2020-07-01 272,945 3,499 SL 39.000000000000 6,999 6,999    
    RENOVATIONS TO 140 E. MARKET STREET 2021-03-18 5,040   SL 39.000000000000 97 97    
    RENOVATIONS TO 140 E. MARKET STREET 2021-11-26 20,489   SL 39.000000000000 44 44    
    LAND   74,591   L   0 0    

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    POWDER MILL FOUNDATION
    EIN:
    23-7751589
    Name of Stock End of Year Book Value End of Year Fair Market Value
    WILMINGTON TRUST HOLDINGS 34,447,051 70,705,533
    COMMON FUND HOLDINGS 22,271,396 32,294,490
    AGECHEQ 50,000 50,000
    CENTRAL MARKET 65,240 65,240
    DENTSPLY 706,784 706,784
    FIRST ENGERGY CORP 82,474 82,474
    TPC TRANSFER CO. 86,781 86,781
    TRI INTERNATIONAL CHANGECHUM LIMITED 42,250 42,250
    COMMONFUND INVESTMENTS 55,085,369 57,836,357

    TY 2021 InvestmentsLandSchedule2
    Name:
    POWDER MILL FOUNDATION
    EIN:
    23-7751589
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BUILDING - 140 E. MARKET STREET 608,312 128,683 479,629 479,629
    LAND - 140 E. MARKET STREET 99,027 0 99,027 99,027
    RENOVATIONS TO 140 E. MARKET STREET 10,610 2,017 8,593 8,593
    RENOVATIONS TO 140 E. MARKET STREET 36,745 6,123 30,622 30,622
    RENOVATIONS TO 140 E. MARKET STREET 272,945 10,498 262,447 262,447
    RENOVATIONS TO 140 E. MARKET STREET 5,040 97 4,943 4,943
    RENOVATIONS TO 140 E. MARKET STREET 20,489 44 20,445 20,445

    TY 2021 InvestmentsOtherSchedule2
    Name:
    POWDER MILL FOUNDATION
    EIN:
    23-7751589
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ANTIQUE AUTOMOBILE AT COST 26,500 26,500
    INVESTMENT IN DOWNTOWN RENAISSANCE FUND AT COST 753,001 753,001
    1752 POWDER MILL ROAD AT COST 548,094 548,094
    1700 POWDER MILL ROAD AT COST 35,955 35,955
    COLLECTIONS AND POTTERY AT COST 29,450 29,450
    PARTNERSHIP INVESTMENTS AT COST 5,199,532 5,199,532

    TY 2021 LandEtcSchedule2
    Name:
    POWDER MILL FOUNDATION
    EIN:
    23-7751589
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND 74,591 0 74,591 74,591


    TY 2021 LegalFeesSchedule
    Name:
    POWDER MILL FOUNDATION
    EIN:
    23-7751589
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 545,745 272,872   272,872


    TY 2021 OtherExpensesSchedule
    Name:
    POWDER MILL FOUNDATION
    EIN:
    23-7751589
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MISCELLANEOUS EXPENSE -1,071 0   -1,071
    BANK CHARGES 537 0   537
    INSURANCE 8,575 0   8,575
    INFORMATION TECHNOLOGY 10,646 0   10,646
    ADVERTISING 12,239 0   12,239
    PARKING 14,196 0   14,196
    DUES AND MEMBERSHIP 15,280 0   15,280
    OFFICE EXPENSE 16,954 0   16,954
    LANDSCAPING 65,857 0   65,857


    TY 2021 OtherIncomeSchedule2
    Name:
    POWDER MILL FOUNDATION
    EIN:
    23-7751589
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    COMMONFUND HOLDINGS 5,892,396 5,892,396 5,892,396
    PASS THROUGH - 100 NORTH GEORGE ST. LLC 13,529 13,529 13,529
    PASS THROUGH - 106 CODO LLC -33 -33 -33
    PASS THROUGH - 140 EAST MARKET STREET LP -21,025 37,520 -21,025
    PASS THROUGH - 200 CODO LLC -142 -142 -142
    PASS THROUGH - 28 CODO LLC -122 -122 -122
    PASS THROUGH - 28 CODO TENANT MANAGEMENT LLC -25,540 -25,540 -25,540
    PASS THROUGH - 44-50 W. MARKET ST LLC -14,818 -14,818 -14,818
    PASS THROUGH - CODO 106 LP -10,868 -10,868 -10,868
    PASS THROUGH - CODO 28LP -74,515 -74,515 -74,515
    PASS THROUGH - COMMONFUND CAPITAL STRATEGIC SOLUTIONS GLOBAL PRIVATE EQUITY -82,058 -84,285 -82,058
    PASS THROUGH - CODO 200 LP -13,658 -13,658 -13,658
    PASS THROUGH - DOWNTOWN RENAISSANCE FUND -62,318 -44,615 -62,318
    PASS THROUGH - MARKET STREET COMMERCIAL SUBTENANT LLC -9,128 -9,128 -9,128
    PASS THROUGH - MARKET STREET RES. SUBTENANT LLC -64,076 -64,076 -64,076
    PASS THROUGH - MARKET STREET YORK LP -184,370 -184,370 -184,370
    PASS THROUGH - PENN CENTRE MGMNT CO LLC 8,509 8,509 8,509
    PASS THROUGH - SUSQUEHANNA CO WINDUP TRUST -23,030   -23,030
    PASS THROUGH - TRACEY PARTNERS 2,070 2,070 2,070
    PASS THROUGH - YORK PROFESSIONAL BASEBALL CLUB LLC 38,039 -3,432 38,039
    PASS THROUGH - 241 CODO, LLC -193   -193
    PASS THROUGH - 241 CODO, LP -97,919 -97,919 -97,919
    PASS THROUGH - COMMONFUND SECONDARY PARTNERS -26,777 -26,227 -26,777
    PASS THROUGH - COMMONFUND INSTITUTIONAL HIGH QUALITY BOND 11,663 11,663 11,663
    PASS THROUGH - COMMONFUND CREDIT SERIES 65,766 65,766 65,766
    PASS THROUGH - COMMONFUND SOLUTIONS GLOBAL 1,337,113 1,337,113 1,337,113
    PASS THROUGH - COMMONFUND CAPITAL VENTURE PARTNER XIII -116,550 -116,584 -116,550
    PASS THROUGH - COMMONFUND CAPITAL ENVIRONMENTAL SUSTANABILITY PARTNERS, 2020 -76,497 -37,669 -76,497
    PASS THROUGH - CF REIT PORTFOLIO -6,246 -6,246 -6,246
    PASS THROUGH - COMMONFUND PRIVATE CREDIT FUND II, LP -3,262 -3,262 -3,262
    PASS THROUGH - COMMONFUND STRATEGIC SOLUTIONS CORE REAL ESTATE FUND LLC -27,662 -27,662 -27,662
    PASS THROUGH - COMMONFUND REAL ESTATE OPPORTUNITY FUND II, L.P -3,228 -3,228 -3,228
    PASS THROUGH - COMMONFUND CAPITAL VENTURE PARTNERS XIV, L.P -3,692 -3,692 -3,692


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    POWDER MILL FOUNDATION
    EIN:
    23-7751589
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 313,486 313,486   0


    TY 2021 SubstantialContributorsSch
    Name:
    POWDER MILL FOUNDATION
    EIN:
    23-7751589
    Name Address
    LOUIS J APPEL JR REV TRUST 1700 POWDER MILL ROAD
    YORK,PA17403


    TY 2021 TaxesSchedule
    Name:
    POWDER MILL FOUNDATION
    EIN:
    23-7751589
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    IRS TAX PAYMENTS 43,195 0   0