Form990-PF
Click to see attachment
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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
HASSEL FOUNDATION
C/O MICHAEL KREKSTEIN ESQ
Number and street (or P.O. box number if mail is not delivered to street address)1801 MARKET STREET 1100
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PHILADELPHIA, PA19103
A Employer identification number

23-6251862
B Telephone number (see instructions)

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

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$7,270,123J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 36 36 36
4 Dividends and interest from securities... 139,273 139,273 139,273
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 331,050
b Gross sales price for all assets on line 6a 3,112,493
7 Capital gain net income (from Part IV, line 2)... 331,050
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 1,293 0 1,293
12 Total. Add lines 1 through 11........ 471,652 470,359 140,602
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 18,000 9,000 0 9,000
b Accounting fees (attach schedule)....... Click to see attachment 6,540 3,270 0 3,270
c Other professional fees (attach schedule).... Click to see attachment 36,109 36,109 0 0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 7,194 2,314 0 0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 5,126 5,126 0 0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 72,969 55,819 0 12,270
25 Contributions, gifts, grants paid....... 337,850 337,850
26 Total expenses and disbursements. Add lines 24 and 25 410,819 55,819 0 350,120
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 60,833
b Net investment income (if negative, enter -0-) 414,540
c Adjusted net income (if negative, enter -0-)... 140,602
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............. 23,253 19,871 19,871
2 Savings and temporary cash investments......... 66,765 74,457 74,457
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 1,071,239 Click to see attachment1,365,230 1,363,318
b Investments—corporate stock (attach schedule)....... 3,176,584 Click to see attachment2,784,178 4,121,673
c Investments—corporate bonds (attach schedule)....... 1,251,662 Click to see attachment1,428,959 1,466,491
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 247,383 Click to see attachment224,313 224,313
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,836,886 5,897,008 7,270,123
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 6,214,236 6,214,236
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds -377,350 -317,228
29 Total net assets or fund balances (see instructions)..... 5,836,886 5,897,008
30 Total liabilities and net assets/fund balances (see instructions). 5,836,886 5,897,008
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
5,836,886
2
Enter amount from Part I, line 27a .....................
2
60,833
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
5,897,719
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
711
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
5,897,008
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 PUBLICLY TRADED SECURITIES P 2020-12-31 2021-12-31
b GLENMEDE CLIENT OPPORTUNITIE P 2020-12-31 2021-12-31
c MILL CREEK PRIVATE EQUITY FUND IV LP P 2020-12-31 2021-12-31
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 3,096,663   2,779,660 317,003
b     1,783 -1,783
c 12,413     12,413
d 3,417     3,417
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       317,003
b       -1,783
c       12,413
d       3,417
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 2 331,050
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 3 327,633
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 5,762
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 5,762
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 1,822
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 1,822
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 19
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 3,959
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet   RefundedBullet 11  
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. ...............................
    10
     
    No
    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 KREKSTEIN ESQ Telephone no.bullet (215) 893-9300

    Located atbullet1801 MARKET STREET SUITE 1100PHILADELPHIAPA ZIP+4bullet19103
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 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)
     
    No
    (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)
    Yes
     
    (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
     
    No
    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
    JAY L GOLDBERG ESQUIRE TRUSTEE
    10.00     		0 0 0
    1801 MARKET STREET SUITE 1100
    PHILADELPHIA,PA19103
    ANDREW GOLDBERG TRUSTEE
    1.00     		0 0 0
    1801 MARKET STREET SUITE 1100
    PHILADELPHIA,PA19103
    MAXINE GOLDBERG TRUSTEE
    1.00     		0 0 0
    1801 MARKET STREET SUITE 1100
    PHILADELPHIA,PA19103
    ELIZABETH COHEN TRUSTEE
    1.00     		0 0 0
    1801 MARKET STREET SUITE 1100
    PHILADELPHIA,PA19103
    DAVID KHOURY TRUSTEE
    1.00     		0 0 0
    1801 MARKET STREET SUITE 1100
    PHILADELPHIA,PA19103
    ELLEN COHEN TRUSTEE
    1.00     		0 0 0
    1801 MARKET STREET SUITE 1100
    PHILADELPHIA,PA19103
    LISA KHOURY TRUSTEE
    1.00     		0 0 0
    1801 MARKET STREET SUITE 1100
    PHILADELPHIA,PA19103
    MICHAEL KREKSTEIN TRUSTEE
    1.00     		0 0 0
    1801 MARKET STREET SUITE 1100
    PHILADELPHIA,PA19103
    ANDREA COHEN TRUSTEE
    1.00     		0 0 0
    1801 MARKET STREET SUITE 1100
    PHILADELPHIA,PA19103
    MICHAEL GOLDBERG TRUSTEE
    1.00     		0 0 0
    1801 MARKET STREET SUITE 1100
    PHILADELPHIA,PA19103
    MARK DEITCHER TRUSTEE
    1.00     		0 0 0
    1801 MARKET STREET SUITE 1100
    PHILADELPHIA,PA19103
    DAVID WHELLAN TRUSTEE
    1.00     		0 0 0
    1801 MARKET STREET SUITE 1100
    PHILADELPHIA,PA19103
    RODGER CITRON TRUSTEE
    1.00     		0 0 0
    1801 MARKET STREET SUITE 1100
    PHILADELPHIA,PA19103
    BARBARA COHEN TRUSTEE
    1.00     		0 0 0
    1801 MARKET STREET SUITE 1100
    PHILADELPHIA,PA19103
    MARILN KHOURY TRUSTEE
    1.00     		0 0 0
    1801 MARKET STREET SUITE 1100
    PHILADELPHIA,PA19103
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (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
    NONE
    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
    6,976,622
    b
    Average of monthly cash balances.......................
    1b
    32,630
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    7,009,252
    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
    7,009,252
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    105,139
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    6,904,113
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    345,206
    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
    345,206
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    5,762
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,762
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    339,444
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    339,444
    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
    339,444
    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 7 339,444
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017...... 40,836
    c From 2018...... 41,286
    d From 2019...... 39,998
    e From 2020...... 42,491
    f Total of lines 3a through e ........ 164,611
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 350,120
    a Applied to 2020, 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 2021 distributable amount..... 339,444
    e Remaining amount distributed out of corpus 10,676
    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 5 175,287
    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 ..........     		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 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 ......     		175,287
    10 Analysis of line 9:
    a Excess from 2017.... 40,836
    b Excess from 2018.... 41,286
    c Excess from 2019.... 39,998
    d Excess from 2020.... 42,491
    e Excess from 2021.... 10,676
    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 KREKSTEIN ESQ
    1801 MARKET STREET SUITE 1100
    PHILADELPHIA,PA19103
    (215) 893-9300
    bThe form in which applications should be submitted and information and materials they should include:
    N/A
    cAny submission deadlines:
    N/A
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    N/A
    Form 990-PF (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
    ASTRAL ARTISTS
    230 S BROAD STREET SUITE 300
    PHILADELPHIA,PA19102     		NONE PC CLASSROOM CLASSICS 15,000
    BETHEL PRESBYTERIAN FOOD PANTRY
    1900 W YORK STREET
    PHILADELPHIA,PA19132     		NONE PC FOOD DISTRIBUTION PROGRAM 2,000
    BOSTON UNIVERSITY
    FINANCIAL ASSISTANCE 881 COMMONWEAL
    H AVENUE
    BOSTON,MA02215     		NONE PC SCHOLARSHIP ADELINE AMBER MESSICK 2,000
    CALVARY AGAPE OUTREACH SERVICES
    6122 HAVERFORD AVENUE
    PHILADELPHIA,PA19151     		NONE PC FOOD DISTRIBUTION PROGRAM 2,000
    CASA DEL CARMEN FOOD PANTRY
    4400 N REESE STREET
    PHILADELPHIA,PA19140     		NONE PC FOOD DISTRIBUTION PROGRAM 2,000
    CLEMSON UNIVERSITY
    OFFICE OF FINANCIAL SERVICES G-08
    SIKES HALL BOX 345307
    CLEMSON,SC29634     		NONE PC SCHOLARSHIP KARSYN HANNAHOE 2,650
    COMMUNITY COLLEGE OF PHILADELPHIA
    1700 SPRING GARDEN STREET
    PHILADELPHIA,PA191303991     		NONE PC HASSEL SCHOLARSHIP50TH ANNIVERSARY 20,000
    COVENANT HOUSE PHILADELPHIA
    31 EAST ARMAT STREET
    PHILADELPHIA,PA19144     		NONE PC GENERAL PURPOSE 5,000
    DELAWARE COUNTY COMMUNITY COLLEGE
    901 SOUTH MEDIA LINE ROAD
    MEDIA,PA19063     		NONE PC SCHOLARSHIP ANNA DECECCO 2,650
    EASTWICK MISSION HOUSE FOOD PANTRY
    8325 LINDBERGH BLVD
    PHILADELPHIA,PA19153     		NONE PC FOOD DISTRIBUTION PROGRAM 2,000
    EINSTEIN HEALTHCARE NETWORK
    5501 OLD YORK ROAD OFFICE OF
    DEVELOPMENT
    PHILADELPHIA,PA19141     		NONE PC MOSS REHAB APHASIA CENTER 10,000
    FEAST OF JUSTICE
    3101 TYSON AVENUE
    PHILADELPHIA,PA19149     		NONE PC FOOD DISTRIBUTION PROGRAM 2,000
    FEDERATION HOUSING
    8900 ROOSEVELT BLVD
    PHILADELPHIA,PA19115     		NONE PC SENIOR CONGREGATE MEAL PROGRAM 5,000
    FRIENDS OF NEW YORK CITY NURSE-FAMILY PARTNERSHIPS
    1035 5TH AVENUE 10 B
    NEW YORK,NY10028     		NONE PC HEARTS DESIRE PROGRAM 10,000
    INDIANA UNIVERSITY OF PA
    BURSARS OFFICE CLARK HALL LOBBY 16
    1090 SOUTH DRIVE
    INDIANA,PA15705     		NONE PC SCHOLARSHIP REONA PENA 2,000
    JEVS HUMAN SERVICES
    1845 WALNUT STREET 7TH FLOOR
    PHILADELPHIA,PA191034707     		NONE PC GENERAL PURPOSES 15,000
    JUVENILE DIABETES FOUNDATION CO THE HARMELIN FAMILY
    120 OLD GULPH ROAD
    WYNNEWOOD,PA19096     		NONE PC GENERAL PURPOSE 1,500
    KITCHEN OF LOVE
    8034 FORREST AVENUE
    PHILADELPHIA,PA19150     		NONE PC FOOD DISTRIBUTION PROGRAM 2,000
    KUTZTOWN UNIVERSITY
    REGISTRARS OFFICE PO BOX 730
    KUTZTOWN,PA195300730     		NONE PC SCHOLARSHIP - IDALMI RIVERA 2,650
    MANNA
    420 NORTH 20TH STREET
    PHILADELPHIA,PA191303991     		NONE PC GENERAL PURPOSE 5,000
    MASJIDULLAH INC
    7433 LIMEKILN PIKE
    PHILADELPHIA,PA19138     		NONE PC FOOD DISTRIBUTION PROGRAM 2,000
    MATERNITY CARE COALITION
    204 N WEST STREET SUITE 101
    DOYLESTOWN,PA18901     		NONE PC GENERAL PURPOSE 12,500
    MISSION FIRST HOUSING
    2042-48 ARCH STREET 2ND FLOOR
    PHILADELPHIA,PA191031194     		NONE PC FUND FOR VETERANS IN PHILADELPHIA 12,500
    OLD PINE COMMUNITY CENTER
    401 LOMBARD STREET
    PHILADELPHIA,PA19147     		NONE PC FOOD DISTRIBUTION PROGRAM 2,000
    PA ACADEMY OF FINE ARTS
    128 NORTH BROAD STREET
    PHILADELPHIA,PA191021424     		NONE PC PAFA'S SUMMER ART CAMP 4,000
    PA BALLET
    SUITE 210 1819 JFK BLVD
    PHILADELPHIA,PA191031194     		NONE PC DANCE CHANCE 12,500
    PENN STATE UNIVERSITY
    112 SHIELDS BUILDING
    UNIVERSITY PARK,PA16802     		NONE PC SCHOLARSHIP MACKENZIE WILLET 2,650
    PENN STATE UNIVERSITY
    OFFICE OF STUDENT AID 314 SHIELDS
    BUILDING
    UNIVERSITY PARK,PA16802     		NONE PC SCHOLARSHIP MAURICIO RODRIGUEZ 2,000
    PREP FOR PREP
    328 W 71ST STREET
    NEW YORK,NY10023     		NONE PC GENERAL PURPOSE 10,000
    RIDER UNIVERSITY
    CASHIERS OFFICE 2083 LAWRENCEVILLE
    ROAD
    LAWRENCEVILLE,NJ08648     		NONE PC SCHOLARSHIP GRACE STURZ 2,000
    ROCHESTER INSTITUTE OF TECHNOLOGY
    OFFICE OF FINANCIAL AID SCHOLARSHIP
    56 LOMB MEMORIAL DRIVE
    ROCHESTER,NY14623     		NONE PC SCHOLARSHIP JULIE REARS 2,650
    SHIPPENSBURG UNIVERSITY
    STUDENT ACCOUNT OFFICE OLD MAN 100
    1871 OLD MAIN DRIVE
    SHIPPENSBURG,PA17257     		NONE PC SCHOLARSHIP RANGELINE DEJESUS 2,650
    SUMMER SEARCH
    90 BROAD STREET SUITE 701
    NEW YORK,NY10004     		NONE PC GENERAL PURPOSE 15,000
    SUPPORTIVE OLDER WOMEN'S NETWORK
    4100 MAIN STREET SUITE 403
    PHILADELPHIA,PA19127     		NONE PC SOWN'S GRAND FAMILY RESOURCE CENTER 5,000
    TAKE A SISTAH TO LUNCH
    PO BOX 651
    DEVON,PA19333     		NONE PC FOOD DISTRIBUTION PROGRAM 2,000
    THE CHESTER FUND
    200 COMMERCE DRIVE
    ASTON,PA19014     		NONE PC CHESTER CHARTER SCHOOL FOR THE ARTS EARLY LITERACY PROGRAM 22,500
    THE FRANKLIN INSTITUTE
    222 NORTH 20TH STREET
    PHILADELPHIA,PA191031194     		NONE PC COMMUNITY EDUCATION 2,500
    WAGNER FREE INSTITUTE
    1700 WEST MONTGOMERY AVENUE
    PHILADELPHIA,PA19121     		NONE PC GENERAL PURPOSE 15,000
    WEST SIDE CENTER OF COMMUNITY LIFE
    263 W 86TH STREET
    NEW YORK,NY10024     		NONE PC WEST SIDE CAMPAIGN AGAINST HUNGER 10,000
    WISTAR INSTITUTE
    3601 SPRUCE STREET
    PHILADELPHIA,PA19104     		NONE PC BIOMEDICAL TECHNICIAN TRAINING PROGRAM 12,500
    ARDEN THEATER
    40 NORTH 2ND STREET
    PHILADELPHIA,PA19106     		NONE PC ARTS EDUCATION PROGRAM 1,500
    AFTER SCHOOL ACTIVITIES PARTNERSHIPS
    1520 LOCUST STREET SUITE 1104
    PHILADELPHIA,PA19102     		NONE PC GENERAL PURPOSES 3,500
    COMPASS PHILADELPHIA
    451 MORENO ROAD
    WYNNEWOOD,PA19096     		NONE PC GENERAL PURPOSE 2,000
    EAST PARK REVITALIZATION ALLIANCE INC
    1737 NORTH 31ST STREET
    PHILADELPHIA,PA19121     		NONE PC FOOD DISTRIBUTION PROGRAM 2,000
    MAGEE REHABILITATION
    ONE PENN CENTER SUBURBAN STATION
    1617 JFK BLVD SUITE 1800
    PHILADELPHIA,PA191031194     		NONE PC ART THERAPY PROGRAM 2,000
    THE PARKINSON'S COUNCIL
    12 WEST WILLOW GROVE AVENUE
    PHILADELPHIA,PA19118     		NONE PC PARKINSON'S PALS 25,000
    PHILADELPHIA ORCHERSTRA
    ONE SOUTH BROAD STREET 14TH FLOOR
    PHILADELPHIA,PA19107     		NONE PC GENERAL PURPOSE 25,000
    PHILLY FRIENDSHIP CIRCLE
    PO BOX 25067
    PHILADELPHIA,PA19147     		NONE PC GENERAL PURPOSE 2,500
    SETTLEMENT MUSIC SCHOOL
    PO BOX 63966
    PHILADELPHIA,PA19147     		NONE PC GENERAL PURPOSE 2,000
    WEPAC
    1410 N 31ST STREET
    PHILADELPHIA,PA19121     		NONE PC GENERAL PURPOSE 1,000
    LEHIGH UNIVERSITY
    OFFICE OF BURSAR 227 MEMORIAL DRIVE
    W
    BETHLEHEM,PA180153093     		NONE PC SCHOLARSHIP - KELSEY NGUYEN 2,650
    ALBRIGHT COLLEGE
    13TH BERN STREETS PO BOX 15234
    READING,PA19612     		NONE PC SCHOLARSHIP - ADORELIS MEDINEE 2,650
    DREXEL UNIVERSITY
    3141 CHESTER STREET
    PHILADELPHIA,PA19104     		NONE PC SCHOLARSHIP - OLIVER SAVAGE 2,650
    READING AREA COMMUNITY COLLEGE
    10 S 2ND STREET
    READING,PA19602     		NONE PC REVA SILTON SCHOLARSHIP - TU LAM 1,000
    Total .................................bullet 3a 337,850
    bApproved for future payment
    Total .................................bullet 3b 0
    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 36  
    4 Dividends and interest from securities ....          
    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 .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 331,050  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aMILL CREEK PRIVATE EQUITY FUND IV LP     		    14 1,293  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 471,652 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    471,652
    (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.)
    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

    TY 2021 AccountingFeesSchedule
    Name:
    HASSEL FOUNDATION
     
    C/O MICHAEL KREKSTEIN ESQ
    EIN:
    23-6251862
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 6,540 3,270 0 3,270

    TY 2021 GeneralExplanationAttachment
    Name:
    HASSEL FOUNDATION
     
    C/O MICHAEL KREKSTEIN ESQ
    EIN:
    23-6251862
    Identifier Return Reference Explanation
    COMPENSATION TO DISQ INDIVIDUAL FORM 990PF, PART VII-B, LINE 1A(4) MICHAEL KREKSTEIN, ESQ, TRUSTEE, PROVIDED LAW SERVICES TO THE FOUNDATION THROUGH A LAW FIRM IN WHICH HE IS A PARTNER. THE FIRM RECEIVED $18,000 IN COMPENSATION FOR THESE SERVICES.

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    HASSEL FOUNDATION
     
    C/O MICHAEL KREKSTEIN ESQ
    EIN:
    23-6251862
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ABBVIE INC 3.6% 05/14/2025 14,543 16,028
    AIR PRODS & CHEMS INC 1.85% 05/15/2027 10,005 10,173
    ALLY FINL INC 5.75% 11/20/2025 5,633 5,675
    AMERICAN EXPRESS CO 2.5% 08/01/2022 14,384 15,312
    AMERICAN EXPRESS CO 3.4% 02/27/2023 5,004 5,204
    AMERIPRISE FINL INC 2.875% 09/15/2026 10,848 10,618
    AMGEN INC 2.3% 02/25/2031 5,002 5,074
    AMGEN INC 3.125% 05/01/2025 10,139 10,598
    ANALOG DEVICES INC 3.5% 12/05/2026 5,036 5,469
    ANHEUSER BUSCH INBEV FIN INC 3.65% 02/01/2026 5,310 5,447
    AT&T INC 2.3% 06/01/2027 10,369 10,200
    AT&T INC 4.25% 03/01/2027 5,237 5,621
    AT&T INC 4.35% 03/01/2029 11,127 11,388
    BERKSHIRE HATHAWAY ENERGY CO 3.25% 04/15/2028 5,528 5,388
    BERKSHIRE HATHAWAY ENERGY CO 3.5% 02/01/2025 24,814 26,839
    BK OF AMERICA CORP 3.248% 10/21/2027 10,904 10,714
    BK OF AMERICA CORP 3.419% 12/20/2028 10,842 10,696
    BK OF AMERICA CORP 3.5% 04/19/2026 16,495 16,273
    BP CAP MKTS AMER INC 3.633% 04/06/2030 15,886 16,711
    BRISTOL-MYERS SQUIBB CO 3.4% 07/26/2029 10,940 11,108
    BRITISH TELECOMMUNICATIONS PLC 8.625% 12/15/2030 6,740 7,348
    BROWN & BROWN INC 2.375% 03/15/2031 10,096 9,822
    BUNGE LTD FIN CORP 1.63% 08/17/2025 4,993 5,015
    BUNGE LTD FIN CORP 3% 09/25/2022 45,804 46,068
    BUNGE LTD FIN CORP 3.25% 08/15/2026 9,091 10,677
    BURLINGTON NORTHN SANTA FE CP 3.75% 04/01/2024 5,186 5,308
    CANADIAN NAT RES LTD MED TERM 3.85% 06/01/2027 14,813 16,128
    CAPITAL ONE FINL CORP 3.5% 06/15/2023 19,604 20,759
    CATERPILLAR INC 2.6% 09/19/2029 10,001 10,542
    CITIGROUP INC 3.4% 05/01/2026 4,748 5,392
    CITIGROUP INC 3.7% 01/12/2026 16,166 16,488
    CITIGROUP INC 4.412% 03/31/2031 5,657 5,772
    COMCAST CORP NEW 3.15% 02/15/2028 5,183 5,430
    COMCAST CORP NEW 3.4% 04/01/2030 11,189 11,011
    COMCAST CORP NEW 3.55% 05/01/2028 5,627 5,515
    CONOCOPHILLIPS COMPANY 4.95% 03/15/2026 27,707 28,582
    CONSTELLATION BRANDS INC 3.15% 08/01/2029 10,800 10,688
    COSTCO WHSL CORP NEW 1.6% 04/20/2030 10,016 9,730
    CSX CORP 3.35% 11/01/2025 10,344 10,730
    CVS HEALTH CORP 4.3% 03/25/2028 10,116 10,211
    DEUTSCHE TELEKOM INTL FIN B V 8.25% 06/15/2030 13,603 14,583
    DEVON ENERGY CORP NEW 5.85% 12/15/2025 11,076 11,467
    DIAGEO INVT CORP 8% 09/15/2022 10,314 10,746
    DIGITAL RLTY TR LP 4.45% 07/15/2028 5,749 5,743
    DOMINION ENERGY INC 4.25% 06/01/2028 17,258 16,784
    DU PONT E I DE NEMOURS & CO 2.3% 07/15/2030 5,215 5,077
    DUKE ENERGY CORP NEW 3.15% 08/15/2027 31,434 31,935
    ECOLAB INC 4.8% 03/24/2030 12,215 12,152
    ELEVANCE HEALTH INC 3.65% 12/01/2027 14,226 16,514
    ENTERPRISE PRODS OPER LLC 4.15% 10/16/2028 5,746 5,661
    EQUINOR ASA 2.875% 04/06/2025 10,052 10,509
    EQUINOR ASA 3.125% 04/06/2030 10,740 10,828
    EQUINOR ASA 7.75% 06/15/2023 10,597 11,001
    FEDEX CORP 3.25% 04/01/2026 4,856 5,377
    FISERV INC 3.5% 07/01/2029 5,549 5,470
    FISERV INC 3.85% 06/01/2025 14,936 16,075
    GENERAL MTRS CO 6.125% 10/01/2025 5,651 5,824
    GILEAD SCIENCES INC 3.5% 02/01/2025 15,133 16,083
    GOLDMAN SACHS GROUP INC 3.272% 09/29/2025 14,305 15,867
    GOLDMAN SACHS GROUP INC 5.75% 01/24/2022 65,231 53,799
    HOME DEPOT INC 2.625% 06/01/2022 40,356 40,397
    INTEL CORP 3.9% 03/25/2030 11,338 11,473
    INTERPUBLIC GROUP COS INC 4.75% 03/30/2030 10,827 11,743
    JPMORGAN CHASE & CO 2.7% 05/18/2023 38,357 41,043
    JPMORGAN CHASE & CO 3.702% 05/06/2030 16,482 16,492
    KINDER MORGAN INC DEL 2% 02/15/2031 4,911 4,801
    LINCOLN NATL CORP IND 3.625% 12/12/2026 10,926 10,960
    LINCOLN NATL CORP IND 3.8% 03/01/2028 5,269 5,506
    LOCKHEED MARTIN CORP 3.55% 01/15/2026 15,908 16,492
    MARTIN MARIETTA MATLS INC 2.5% 03/15/2030 5,149 5,086
    MARTIN MARIETTA MATLS INC 4.25% 07/02/2024 10,067 10,865
    MEDTRONIC PLC 3.5% 03/15/2025 6,250 6,452
    MOHAWK INDS INC 3.625% 05/15/2030 10,583 10,775
    MORGAN STANLEY 3.75% 02/25/2023 20,016 20,952
    MORGAN STANLEY 4% 07/23/2025 5,477 5,509
    MORGAN STANLEY 4.431% 01/23/2030 17,145 17,400
    NATIONAL RURAL UTILS COOP FIN 2.4% 03/15/2030 10,117 10,165
    NATIONAL RURAL UTILS COOP FIN 3.4% 02/07/2028 5,618 5,465
    NORTHROP GRUMMAN CORP 4.4% 05/01/2030 16,554 17,435
    NUCOR CORP 2.7% 06/01/2030 15,672 15,512
    NUTRIEN LTD 2.95% 05/13/2030 10,480 10,574
    NVIDIA CORPORATION 3.2% 09/16/2026 14,401 16,259
    ORACLE CORP 2.5% 10/15/2022 30,529 30,586
    ORACLE CORP 3.25% 11/15/2027 5,168 5,289
    ORANGE 8.5% 03/01/2031 14,316 15,623
    PRUDENTIAL FINL INC 3.878% 03/27/2028 3,973 4,479
    RELIANCE STEEL & ALUMINUM CO 1.3% 08/15/2025 10,046 9,894
    RELX CAPITAL INC 3% 05/22/2030 15,831 15,791
    ROCKWELL COLLINS INC 3.2% 03/15/2024 9,597 10,503
    ROPER TECHNOLOGIES INC 4.2% 09/15/2028 16,290 17,037
    RYDER SYS INC 2.8% 03/01/2022 14,666 15,167
    SABRA HLTH CARE LP/SABRA CAP C 3.2% 12/01/2031 4,981 4,932
    SABRA HLTH CARE LP/SABRA CAP C 5.125% 08/15/2026 5,531 5,601
    SHELL INTERNATIONAL FIN BV 2.75% 04/06/2030 10,013 10,521
    SHELL INTERNATIONAL FIN BV 2.875% 05/10/2026 5,076 5,327
    SOUTHERN CO GAS CAP 3.25% 06/15/2026 10,854 10,636
    SOUTHWEST AIRLS CO 3% 11/15/2026 9,298 10,469
    SUNOCO LOGISTICS PARTNERS 5.95% 12/01/2025 15,595 17,159
    TARGET CORP 2.65% 09/15/2030 10,282 10,571
    TOYOTA MOTOR CREDIT CORP 3.375% 04/01/2030 15,528 16,582
    TRANSCANADA PIPELINE STRIP 4.25% 05/15/2028 4,977 5,608
    TRUIST FINL CORP 4% 05/01/2025 10,389 10,862
    UNITEDHEALTH GROUP INC 3.75% 07/15/2025 10,061 11,021
    US BANCORP 2.95% 07/15/2022 30,400 30,766
    VALERO ENERGY CORP 3.4% 09/15/2026 9,958 10,775
    VENTAS RLTY LTD PARTNERSHIP 4% 03/01/2028 11,119 11,207
    VERIZON COMMUNICATIONS INC 2.625% 08/15/2026 17,766 21,033
    VERIZON COMMUNICATIONS INC 4.329% 09/21/2028 5,505 5,745
    VIRGINIA ELEC & PWR CO 3.45% 09/01/2022 35,532 35,833
    VODAFONE GROUP PLC 4.125% 05/30/2025 20,318 21,690
    WELLS FARGO & CO 3.584% 05/22/2028 22,048 21,592
    WESTROCK CO 4% 03/15/2028 5,596 5,589

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    HASSEL FOUNDATION
     
    C/O MICHAEL KREKSTEIN ESQ
    EIN:
    23-6251862
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ARTISAN INTERNATIONAL SMALL CAP FUND 123,065 163,850
    HARTFORD MULTIFACTOR DEVELOPED MARKETS EX US 453,463 468,784
    ISHARES CORE MSCI TOTAL INTERNATIONAL STOCK ETF 456,340 515,352
    LEGG MASON LOW VOLATILITY HIGH DIVIDEND 344,475 423,594
    TOUCHSTONE SANDS EM GR-INST 141,812 182,236
    VANGUARD GROWTH INDEX FUND 554,882 1,229,068
    VANGUARD SMALL-CAP GROWTH INDEX FUND 72,460 102,419
    VANGUARD SMALL-CAP VALUE INDEX FUND 74,462 122,375
    VANGUARD VALUE INDEX FUND 563,219 913,995

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    HASSEL FOUNDATION
     
    C/O MICHAEL KREKSTEIN ESQ
    EIN:
    23-6251862
    US Government Securities - End of Year Book Value:

    1,365,230
    US Government Securities - End of Year Fair Market Value:

    1,363,318
    State & Local Government Securities - End of Year Book Value:


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


    0


    TY 2021 InvestmentsOtherSchedule2
    Name:
    HASSEL FOUNDATION
     
    C/O MICHAEL KREKSTEIN ESQ
    EIN:
    23-6251862
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    GLENMEDE CLIENT OPPORTUNITIES AT COST 40,691 40,691
    MILL CREEK PRIVATE EQUITY FUND LP AT COST 183,622 183,622

    TY 2021 LegalFeesSchedule
    Name:
    HASSEL FOUNDATION
     
    C/O MICHAEL KREKSTEIN ESQ
    EIN:
    23-6251862
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 18,000 9,000 0 9,000


    TY 2021 OtherDecreasesSchedule
    Name:
    HASSEL FOUNDATION
     
    C/O MICHAEL KREKSTEIN ESQ
    EIN:
    23-6251862
    Description Amount
    BOOK/TAX DIFFERENCE 711


    TY 2021 OtherExpensesSchedule
    Name:
    HASSEL FOUNDATION
     
    C/O MICHAEL KREKSTEIN ESQ
    EIN:
    23-6251862
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK FEES 72 72 0 0
    K-1 GLENMEDE CLIENT OPPORTUNITIES 1,471 1,471 0 0
    K-1 MILL CREEK PRIVATE EQUITY FUND IV LP 3,192 3,192 0 0
    K-1 GLENMEDE CLIENT OPPORTUNITIES (OTHER INCOME) 391 391 0 0


    TY 2021 OtherIncomeSchedule2
    Name:
    HASSEL FOUNDATION
     
    C/O MICHAEL KREKSTEIN ESQ
    EIN:
    23-6251862
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MILL CREEK PRIVATE EQUITY FUND IV LP 1,293   1,293


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    HASSEL FOUNDATION
     
    C/O MICHAEL KREKSTEIN ESQ
    EIN:
    23-6251862
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADVISORY FEES 36,109 36,109 0 0


    TY 2021 TaxesSchedule
    Name:
    HASSEL FOUNDATION
     
    C/O MICHAEL KREKSTEIN ESQ
    EIN:
    23-6251862
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 4,880 0 0 0
    FOREIGN TAX 2,314 2,314 0 0