Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2022
Open to Public Inspection
For calendar year 2022, or tax year beginning 01-01-2022 , and ending 12-31-2022
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 right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$169,552,675J 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) 129,715
2 Check right arrow.............
3 Interest on savings and temporary cash investments 320,305 320,305  
4 Dividends and interest from securities... 913,919 913,919  
5a Gross rents............ 90,728 90,728  
b Net rental income or (loss) -67,439
6a Net gain or (loss) from sale of assets not on line 10 2,063,618
b Gross sales price for all assets on line 6a 8,147,208
7 Capital gain net income (from Part IV, line 2)... 2,063,618
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
List of Attached Documents:
// Content
-1,775,896 -1,535,013  
12 Total. Add lines 1 through 11........ 1,742,389 1,853,557  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 288,459 72,115   216,344
14 Other employee salaries and wages...... 191,442 191,442   0
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
234,404 117,202   117,202
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
30,232 15,116   15,116
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
286,044 286,044   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
260,935 0   0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
25,027 25,027  
20 Occupancy.............. 165,435 138,807   26,628
21 Travel, conferences, and meetings....... 21,389 0   21,389
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
196,012 0   196,012
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,699,379 845,753   592,691
25 Contributions, gifts, grants paid....... 6,668,707 12,456,714
26 Total expenses and disbursements. Add lines 24 and 25 8,368,086 845,753   13,049,405
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -6,625,697
b Net investment income (if negative, enter -0-) 1,007,804
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2022)
Form 990-PF (2022)
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    
2 Savings and temporary cash investments......... 3,257,702 2,409,210 2,409,210
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow31,178,583
Less: allowance for doubtful accounts right arrow0 30,747,644 31,178,583 31,178,583
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 356,805 95,870 95,870
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 112,837,345 Click to see attachment
List of Attached Documents:
// Content
103,471,335 		129,062,259
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow1,087,865
Less: accumulated depreciation (attach schedule) right arrow172,489 905,706 Click to see attachment
List of Attached Documents:
// Content
915,376 		915,376
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 6,592,532 Click to see attachment
List of Attached Documents:
// Content
5,816,786 		5,816,786
14 Land, buildings, and equipment: basis right arrow74,591
Less: accumulated depreciation (attach schedule) right arrow   74,591 Click to see attachment
List of Attached Documents:
// Content
74,591 		74,591
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 154,772,326 143,961,751 169,552,675
Liabilities 17 Accounts payable and accrued expenses.......... 33,723 36,852
18 Grants payable................. 20,335,924 14,547,917
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......   1,600,000
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 20,369,647 16,184,769
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
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 right arrow
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 134,402,679 127,776,982
29 Total net assets or fund balances (see instructions)..... 134,402,679 127,776,982
30 Total liabilities and net assets/fund balances (see instructions). 154,772,326 143,961,751
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
134,402,679
2
Enter amount from Part I, line 27a .....................
2
-6,625,697
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
127,776,982
5
Decreases not included in line 2 (itemize) right arrow
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
127,776,982
Form 990-PF (2022)
Form 990-PF (2022)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES      
b CODO 200 LP P    
c 241 CODO LLC P    
d YORK PROFESSIONAL BASEBALL P    
e GAIN LOSS ON INVESTMENTS P    
NOT RECIEVABLE BAD DEBT P    
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 4,176,066   5,240,611 -1,064,545
b     140,391 -140,391
c 3,600     3,600
d     71 -71
e 28,519     28,519
    702,517 -702,517
3,939,023     3,939,023
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       -1,064,545
b       -140,391
c       3,600
d       -71
e       28,519
      -702,517
      3,939,023
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 2,063,618
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 (2022)
Form 990-PF (2022)
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 right arrow 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) 1 14,008
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 14,008
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 14,008
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 95,870
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 50,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 145,870
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 131,862
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow131,862 Refundedright arrow 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. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 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:
round bullet By language in the governing instrument, or
round bullet 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)
right arrowPA
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 2022 or the taxable year beginning in 2022? 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
List of Attached Documents:
// Content
...............................
10
Yes
 
Form 990-PF (2022)
Form 990-PF (2022)
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 addressright arrowN/A
14
The books are in care ofright arrowMICHAEL H HADY III Telephone no.right arrow (717) 848-5500

Located atright arrow140 E MARKET STREET PO BOX 2026YORKPA ZIP+4right arrow174052026
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2022, 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 right arrow
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
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2022? .............
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 2022, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2022?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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 2022 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 2022.) .....................
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 2022? ..
4b
 
No
Form 990-PF (2022)
Form 990-PF (2022)
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
Organizations relying on a current notice regarding disaster assistance check .........right arrow
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
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
GEORGE HODGES TRUSTEE
1.00 		0 0 0
140 E MARKET STREET
YORK,PA17405
MICHAEL H HADY III PRESIDENT/CEO
40.00 		288,459 0 0
140 E MARKET STREET
YORK,PA17405
BEVERLY MACKERETH TRUSTEE
1.00 		0 0 0
140 E MARKET STREET
YORK,PA17405
SUZANNE MCCONKY TRUSTEE
1.00 		0 0 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...................right arrow 0
Form 990-PF (2022)
Form 990-PF (2022)
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 264,675
400 E PRATT STREET SUITE 720
BALTIMORE,MD21202
Total number of others receiving over $50,000 for professional services.............right arrow0
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.........................right arrow0
Form 990-PF (2022)
Form 990-PF (2022)
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
134,216,426
b
Average of monthly cash balances.......................
1b
3,410,074
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
137,626,500
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
137,626,500
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
2,064,398
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
135,562,102
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
6,778,105
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
6,778,105
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
14,008
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
14,008
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
6,764,097
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
6,764,097
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
6,764,097
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
13,049,405
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
13,049,405
Form 990-PF (2022)
Form 990-PF (2022)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2021 		(c)
2021 		(d)
2022
1 Distributable amount for 2022 from Part X, line 7 6,764,097
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 1,405,014
b Total for prior years:20, 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2017......  
b From 2018......  
c From 2019......  
d From 2020......  
e From 2021......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 13,049,405
a Applied to 2021, but not more than line 2a 1,405,014
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 2022 distributable amount..... 6,764,097
e Remaining amount distributed out of corpus 4,880,294
5 Excess distributions carryover applied to 2022. 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 4,880,294
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 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023 .......... 		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 2017 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		4,880,294
10 Analysis of line 9:
a Excess from 2018....  
b Excess from 2019....  
c Excess from 2020....  
d Excess from 2021....  
e Excess from 2022.... 4,880,294
Form 990-PF (2022)
Form 990-PF (2022)
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 2022, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2022 (b) 2021 (c) 2020 (d) 2019
         
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 right arrow
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 (2022)
Form 990-PF (2022)
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 SUPPORT 200,000

ACCOUNTABILITY FOR LIFE

755 VOGELSONG RD
YORK,PA17404 		  PC CAPITAL ITEMS 42,500

AMERICAN RED CROSS

5410 MT PISGAH RD
YORK,PA17406 		  PC EQUIPMENT 17,990

THE ARC OF YORK COUNTY

497 HILL STREET
YORK,PA17403 		  PC UPGRADES TO CAMP PENWOOD 22,215

BETHANY CHRISTIAN SERVICES

1911 E MARKET STREET
YORK,PA17402 		  PC FOSTER CARE PARENT SUPPORT 15,000

BIG BROTHERS BIG SISTERS OF YORK

227 W MARKET STREET
YORK,PA17401 		  PC IT EQUIPMENT 6,640

BRO2GO

1821 FULTON STREET
HARRISBURG,PA17043 		  PC START -UP COST FOR YORK OFFICE 25,000

CLEARVIEW TERRACE

800 RANDOLPH STREET
HANOVER,PA17331 		  PC APARTMENT CONSTRUCTION 65,000

COMMUNITIES IN SCHOOLS

234 STATE ST
HARRISBURG,PA17101 		  PC YORK CITY SCHOOL SUPPORT 25,000

CRISPUS ATTUCKS ASSOCIATION

200 S DUKE STREET
YORK,PA17401 		  PC JOHN FINLAYSON MEMORIAL GIFT 7,500

CULTURAL ALLIANCE OF YORK COUNTY

14 W MARKET STREET
YORK,PA17401 		  PC ANNUAL GIFT 138,500

DOWNTOWN INC

2 EAST MARKET STREET
YORK,PA17401 		  PC PROGRAM SUPPORT 56,065

DREAMWRIGHTS YOUTH & FAMILY CENTER

100 CARLISLE AVENUE
YORK,PA17401 		  PC PROGRAM SUPPORT 18,920

EASTERN YORK RECREATION AUTHORITY

111 WALNUT VALLEY CT
WRIGHTSVILLE,PA17406 		  PC PLAYGROUND EQUIPMENT 2,500

EICHELBERGER PERFORMING ARTS CENTER

195 STOCK STREET STE 200
HANOVER,PA17331 		  PC NEW SEATING 40,000

FARM AND NATURAL LANDS TRUST

350 N GEORGE STREET
YORK,PA17401 		  PC 1ST PLEDGE PAYMENT OF 3 - LAND STEWARTSHIP DIRECTOR 25,000

FOUR CHAPLAINS FUND

1050 PENNSYLVANIA AVENUE
YORK,PA17404 		  PC ANNUAL SUPPORT 500

FRIENDS OF LEBANON CEMETERY

1412 N GEORGE ST
YORK,PA17404 		  PC MARKETING SUPPORT FOR 150TH ANNIVERSARY 2,500

GARDEN CLUB OF YORK

749 RISHEL DRIVE
YORK,PA17406 		  PC HANGING BASKETS 4,000

GIVE LOCAL YORK

144 ROOSEVELT AVENUE SUITE 206
YORK,PA17401 		  PC ANNUAL GIFT 48,000

GREATER YORK DANCE

3524 E MARKET STREET
YORK,PA17402 		  PC NUTCRACKER SUPPORT 20,000

HOSPICE AND COMMUNITY CARE

225 ST CHARLES WAY STE 250
YORK,PA17402 		  PC PEDIATRIC CARE TEAM 40,000

HOUSE OF HOPE

23 N PLEASANT AVE
JACOBUS,PA17407 		  PC BUILDING RENOVATIONS 50,000

JUNIOR ACHIEVEMENT OF SOUTH CENTRAL PA

610 S GEORGE ST
YORK,PA17401 		  PC 1ST PLEDGE PMT OF 5 25,000

JUSTICE HOUSE OF HOPE

1821 FULTON STREET
YORK,PA17102 		  PC FURNISHINGS 25,000

KEYSTONE HUMAN SERVICES

3700 VARTAN WAY
HARRISBURG,PA17110 		  PC RESIDENTIAL GROUP HOME 50,000

KEYSTONE ORAL HISTORIES

441 COUNTRY CLUB ROAD
YORK,PA17403 		  PC UNDERGROUND RAILROAD DOCUMENTARY AND CURRICULUM 25,000

LEG UP FARMS

4880 N SHERMAN ST EXT
MT WOLF,PA17362 		  PC SPEECH THERAPY EQUIPMENT AND TRAINING 5,053

LIFEPATH CHRISTIAN MINISTRIES

367 W MARKET ST
YORK,PA17401 		  PC WEBSITE DESIGN 40,000

LOGOSWORKS

255 W KING ST
YORK,PA17401 		  PC 1ST PLEDGE PMT OF 3 101,500

LYRIC BAND OF HANOVER

22 YORK ST
HANOVER,PA17331 		  PC EXTERIOR RAMP 10,000

MANTEC

600 N HARTLEY ST
YORK,PA17404 		  PC WHAT'S COOL ABOUT MANUFACTURING PROGRAM 10,000

MARGARET MOUL HOME

2050 BARLEY RD
YORK,PA17408 		  PC PURCHASE OF WASHERS AND DRYERS 20,000

MISS BOBBIS PLACE

461 W HOPE STREET
YORK,PA17401 		  PC HOMELESS HOME RENOVATION 35,000

MOVEMENT OF YORK INC

678 E MARKET STREET
YORK,PA17403 		  PC BOX TRUCK 9,700

NATIONAL ALLIANCE OF MENTAL ILLNESS-YORK

35 S DUKE STREET
YORK,PA17401 		  PC RENOVATION/EQUIPMENT 10,000

NEW BIRTH OF FREEDOM COUNCILBOY SCOUTS

1 BADEN POWELL LANE
YORK,PA17050 		  PC EAGLE SCOUT DINNER SPONSOR 3,000

NEW HOPE MINISTRIES

135 BALTIMORE STREET
YORK,PA17331 		  PC NEW BUILDING SUPPORT 70,000

NORMANDIE RIDGE

1700 NORMANDIE DR
YORK,PA17408 		  PC POLLINATOR GARDEN 7,500

OLIVIAS HOUSE

830 S GEORGE STREET
YORK,PA17403 		  PC APPELL GARDEN MAINTENANCE 5,000

PA & MD RAILROAD PRESERVATION SOCIETY

1268 MUDDY CREEK FORKS RD
AIRVILLE,PA17302 		  PC PROPERTY DEVELOPMENT 20,000

PAPPUS HOUSE

253 CHERRY ST
YORK,PA17402 		  PC RENOVATION OF FACILITY 50,000

PARLIAMENT ART ORGANIZATION

116 E KING STREET
YORK,PA17401 		  PC PROGRAM SUPPORT 222,000

PARTNERSHIP FOR ECONOMIC DEVELOPMENT (YCEA)

144 ROOSEVELT AVENUE SUITE 100
YORK,PA17401 		  PC NEW POST OFFICE 1,080,000

PENNSYLVANIA COLLEGE OF ART AND DESIGN

204 N PRINCE STREET
LANCASTER,PA17603 		  PC YORK LOCATION START-UP 100,000

PEDAL FOR PEACE

531 W KING STREET
YORK,PA17401 		  PC FINANCIAL SUPPORT 30,000

PRESERVATION PENNSYLVANIA

1230 N 3RD ST SUITE 1
HARRISBURG,PA17102 		  PC FINANCIAL SUPPORT 5,000

PENNCARES-HANOVER

788 CHERRY TREE CT
HANOVER,PA17331 		  PC FINANCIAL SUPPORT 10,000

PLANNED PARENTHOOD-KEYSTONE

610 LOUIS DR STE 300
WARMINSTER,PA18974 		  PC SAFETY UPGRADES 65,000

ROTARY CLUB OF YORK

140 ROOSEVELT AVE SUITE 209
YORK,PA17401 		  PC FINANCIAL SUPPORT 1,350

RAINBOW ROSE CENTER

PO BOX 1134
YORK,PA17405 		  PC START-UP SUPPORT 10,000

SACA

545 PERSHING AVE
LANCASTER,PA17602 		  PC START-UP SUPPORT 100,000

SALVAGING CREATIVITY

441 EBERTS LN
YORK,PA17403 		  PC FINANCIAL SUPPORT 4,500

SALVATION ARMY

50 E KING ST
YORK,PA17401 		  PC FINANCIAL SUPPORT 10,000

SCORE

410 KINGS MILL RD
YORK,PA17401 		  PC SUPPORT FOR TRAINING 9,140

SERVANTS

100 REDCO AVE SUITE C-0
RED LION,PA17356 		  PC YORK CITY HOME REPAIRS 40,000

SPORTS ADVISORY GROUP LLC

PO BOX 326
NEW MARKET,MD21774 		  PC FINANCIAL SUPPORT 15,000

SUSQUEHANNA NATIONAL HERITAGE AREA

1706 LONG LEVEL RD
WRIGHTSVILLE,PA17368 		  PC FINANCIAL SUPPORT 110,000

TAFE

100 CARLISLE AVENUE
YORK,PA17401 		  PC EQUIPMENT 4,644

THE GROTO COMMUNITY CENTER

2 W MARKET STREET
YORK,PA17401 		  PC COVID RELIEF 21,606

UNITED WAY OF YORK COUNTY

800 EAST KING STREET
YORK,PA17403 		  PC ANNUAL GIFT 125,576

WELL THE

408 W MARKET STREET
YORK,PA17401 		  PC UNIFORMS FOR YORK CITY SCHOOLS 4,500

THE PROGRAM

220 E KING STREET SUITE 1
YORK,PA17403 		  PC STRATEGIC PLAN 30,000

VISIONCORP

244 N QUEEN STREET
LANCASTER,PA17603 		  PC VISION EQUIPMENT 25,000

TURNING POINT COUNSELING AND ADVOCACY CENTER

15 WYNTRE BROOKE DRIVE
YORK,PA17403 		  PC FURNITURE 10,000

WHITEROSE PICKELBALL ASSOCIATION

900 VANDER AVE
YORK,PA17403 		  PC NEW PAVILION 20,000

WOMENS CARE CENTER

40 S RICHLAND AVE
YORK,PA17404 		  PC IT EQUIPMENT 6,700

YORK ACADEMY REGIONAL CHARTER SCHOOL

32 W NORTH ST
YORK,PA17401 		  PC STAFF TRAINING 22,000

YORK AREA DEVELOPMENT CORPORATION

20 BEAVER ST
DILLSBURG,PA17019 		  PC BUILDING EXPANSION 50,000

YORK ART ASSOCIATION

220 S MARSHALL ST
YORK,PA17402 		  PC STRATEGIC PLAN 60,000

YORK CITY PARKS CONSERVANCY

PO BOX 1912
YORK,PA17405 		  PC 1ST PLEDGE PMT OF 2 100,000

YORK CITY POLICE DEPARTMENT

50 W KING STREET
YORK,PA17401 		  PC SUPPORT OF FALL FEST 1,000

YORK COLLEGE OF PENNSYLVANIA

441 COUNTRY CLUB ROAD
YORK,PA17403 		  PC HORTICULTURE 390,734

YORK COUNTY COMMUNITY FOUNDATION

14 WEST MARKET STREET
YORK,PA17401 		  PC WOMEN'S GIVING CIRCLE VIDEO 60,040

YORK COUNTY HISTORY CENTER

250 E MARKET STREET
YORK,PA17403 		  PC PFALTGRAFF EXHIBIT 528,942

YORK COUNTY FOOD BANK

15 MARIANNE DR
YORK,PA17406 		  PC FACILITY UPGRADES 100,000

YORK COUNTY HONOR'S CHOIR

340 E MARKET ST
YORK,PA17403 		  PC MARKETING STUDY AND PLAN 10,000

YORK COUNTY LITERACY COUNCIL

1416 6TH AVE
YORK,PA17403 		  PC FACILITY UPGRADES 29,637

YORK COUNTY PLANNING COMMISSION

28 E MARKET ST 216
YORK,PA17401 		  PC CARD PROGRAM 40,000

YORK COUNTY SPCA

3159 N SUSQUEHANNA TRAIL
YORK,PA17406 		  PC RENOVATIONS 10,000

YORK COUNTY

28 E MARKET ST
YORK,PA17401 		  PC BROADBAND STUDY 94,000

YORK COUNTY YOUTH DEVELOPMENT CENTER

3564 HEINDEL RD
YORK,PA17402 		  PC MISC. EQUIPMENT FOR RESIDENTS 86,690

YORK FRESH FOOD FARMS

150 WILLIS ROAD
YORK,PA17404 		  PC URBAN FARMING PROGRAM 20,000

YORK JEWISH COMMUNITY CENTER (JCC)

2000 HOLLYWOOD DRIVE
YORK,PA17403 		  PC PROGRAM SUPPORT 10,000

YORK SYMPHONY ORCHESTRA

50 N GEORGE ST
YORK,PA17401 		  PC PROGRAM SUPPORT 10,000

YORK XL

7 E MARKET ST 201
YORK,PA17401 		  PC STEAM CENTER 23,750

YOUNG LIFE OF YORK COUNTY

PO BOX 1171
YORK,PA17405 		  PC SUMMER CAMP SCHOLARSHIPS 5,000

YORKTOWNE HOTEL

48 E MARKET ST
YORK,PA17401 		  PC FINANCIAL SUPPORT 30,322

YMCA OF THE ROSES

599 N NEWBERRY ST
YORK,PA17404 		  PC FINANCIAL SUPPORT 50,000

WHITE ROSE LEADERSHIP

2 W MARKET STREET
YORK,PA17401 		  PC FINANCIAL SUPPORT 5,000

CITY OF YORK

101 SOUTH GEORGE STREET
YORK,PA17401 		  PC KIVA GRANTS 10,000
Total .................................right arrow 3a 5,201,714
bApproved for future payment

APPELL CENTER FOR PERFORMING ARTS
50 N GEORGE STREET
YORK,PA17401 		  PC PROGRAM SUPPORT 800,000

FARM AND NATURAL LANDS TRUST
350 N GEORGE STREET
YORK,PA17011 		  PC PLEDGE PAYMENTS 50,000

GIVE LOCAL YORK
144 ROOSEVELT AVENUE SUITE 206
YORK,PA17401 		  PC GIVE DAY COORDINATOR 25,000

JUNIOR ACHIEVEMENT OF SOUTH CENTRAL PA
610 S GEORGE ST
YORK,PA17401 		  PC PLEDGE PAYMENTS 75,000

LOGOSWORKS
255 W KING ST
YORK,PA17401 		  PC PLEDGE PAYMENTS 213,782

PEDAL FOR PEACE
531 W KING STREET
YORK,PA17401 		  PC PLEDGE PAYMENTS 30,000

THE GROTO COMMUNITY CENTER
2 W MARKET STREET
YORK,PA17401 		  PC PLEDGE PAYMENTS 73,211

YORK ART ASSOCIATION
220 S MARSHALL ST
YORK,PA17402 		  PC STRATEGIC PLAN 50,000

YORK CITY PARKS CONSERVANCY
PO BOX 1912
YORK,PA17405 		  PC PLEDGE PAYMENTS 150,000
Total ................................. right arrow 3b 1,466,993
Form 990-PF (2022)
Form 990-PF (2022)
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 ........... 		    14 320,305  
4 Dividends and interest from securities ....     14 913,919  
5 Net rental income or (loss) from real estate:
aDebt-financed property......         -67,439
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 2,063,618  
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 -8,223  
bPASS THROUGH - 106 CODO LLC     16 -17  
cPASS THROUGH - 140 EAST MARKET STREET LP 900003 -31,258 16    
dPASS THROUGH - 28 CODO LLC     16 -118  
ePASS THROUGH - 28 CODO TENANT MANAGEMENT LLC     16 -34,531  
fPASS THROUGH - 44-50 W. MARKET ST LLC     16 -14,864  
gPASS THROUGH - CODO 106 LP     16 -5,502  
hPASS THROUGH - CODO 28LP     16 -71,887  
iPASS THROUGH - COMMONFUND CAPITAL STRATEGIC SOLUTIONS GLOBAL PRIVATE EQUITY   -551 16 -138,030  
jPASS THROUGH - CODO 200 LP     16 -27,659  
kPASS THROUGH - DOWNTOWN RENAISSANCE FUND 900003 -768 16 -61,004  
lPASS THROUGH - MARKET STREET COMMERCIAL SUBTENANT LLC     16 9,053  
mPASS THROUGH - MARKET STREET RES. SUBTENANT LLC     16 -76,339  
nPASS THROUGH - MARKET STREET YORK LP     16 -190,082  
oPASS THROUGH - SUSQUEHANNA CO WINDUP TRUST 900003 -6,142      
pPASS THROUGH - TRACEY PARTNERS     16 -321  
qPASS THROUGH - YORK PROFESSIONAL BASEBALL CLUB LLC 900003 -176,358   -53,767  
rPASS THROUGH - COMMONFUND SECONDARY PARTNERS III 900003 -5,322 16 -41,599  
sPASS THROUGH - COMMONFUND INSTITUTIONAL HIGH QUALITY BOND       -201,721  
tPASS THROUGH - COMMONFUND CREDIT SERIES       -222,791  
12 Subtotal. Add columns (b), (d), and (e) .. -240,883 1,762,829 -67,439
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,454,507
(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 (2022)
Form 990-PF (2022)
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2022)
Additional Data


Software ID:  
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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
2022
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) (2022)
Schedule B (Form 990) (2022) 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

$ 128,105


(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) (2022)
Schedule B (Form 990) (2022)
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 $ 128,105 2022-12-31
(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) (2022)
Schedule B (Form 990) (2022)
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) (2022)
Additional Data


Software ID:  
Software Version:  

TY 2022 AccountingFeesSchedule
Name:
POWDER MILL FOUNDATION
EIN:
23-7751589
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 30,232 15,116   15,116

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TY 2022 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 2013-10-01 608,312 128,683 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 2,017 SL 39.000000000000 272 272    
RENOVATIONS TO 140 E. MARKET STREET 2015-07-01 36,745 6,123 SL 39.000000000000 942 942    
RENOVATIONS TO 140 E. MARKET STREET 2020-07-01 272,945 10,498 SL 39.000000000000 6,999 6,999    
RENOVATIONS TO 140 E. MARKET STREET 2021-03-18 5,040 97 SL 39.000000000000 129 129    
RENOVATIONS TO 140 E. MARKET STREET 2021-11-26 20,489 44 SL 39.000000000000 525 525    
RENOVATIONS TO 140 E. MARKET STREET 2022-01-14 10,738   SL 39.000000000000 275 275    
RENOVATIONS TO 140 E. MARKET STREET 2022-05-25 7,259   SL 39.000000000000 109 109    
RENOVATIONS TO 140 E. MARKET STREET 2022-08-09 16,700   SL 39.000000000000 178 178    
LAND   74,591   L   0 0    

TY 2022 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 34,576,060 52,119,142
COMMON FUND HOLDINGS 18,437,619 25,265,392
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
COMMONFUND INVESTMENTS 49,466,377 50,686,446

TY 2022 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 608,312 144,281 464,031 464,031
LAND - 140 E. MARKET STREET 99,027 0 99,027 99,027
RENOVATIONS TO 140 E. MARKET STREET 10,610 2,289 8,321 8,321
RENOVATIONS TO 140 E. MARKET STREET 36,745 7,065 29,680 29,680
RENOVATIONS TO 140 E. MARKET STREET 272,945 17,497 255,448 255,448
RENOVATIONS TO 140 E. MARKET STREET 5,040 226 4,814 4,814
RENOVATIONS TO 140 E. MARKET STREET 20,489 569 19,920 19,920
RENOVATIONS TO 140 E. MARKET STREET 10,738 275 10,463 10,463
RENOVATIONS TO 140 E. MARKET STREET 7,259 109 7,150 7,150
RENOVATIONS TO 140 E. MARKET STREET 16,700 178 16,522 16,522

TY 2022 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 693,313 693,313
1752 POWDER MILL ROAD AT COST 678,485 678,485
COLLECTIONS AND POTTERY AT COST 29,450 29,450
PARTNERSHIP INVESTMENTS AT COST 4,389,038 4,389,038

TY 2022 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 2022 LegalFeesSchedule
Name:
POWDER MILL FOUNDATION
EIN:
23-7751589
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 234,404 117,202   117,202


TY 2022 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 443 0   443
BANK CHARGES 655 0   655
INSURANCE 9,199 0   9,199
INFORMATION TECHNOLOGY 15,003 0   15,003
ADVERTISING 12,442 0   12,442
PARKING 18,147 0   18,147
DUES AND MEMBERSHIP 19,720 0   19,720
OFFICE EXPENSE 21,666 0   21,666
LANDSCAPING 98,737 0   98,737


TY 2022 OtherIncomeSchedule2
Name:
POWDER MILL FOUNDATION
EIN:
23-7751589
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PASS THROUGH - 100 NORTH GEORGE ST. LLC -8,223 -8,223 -8,223
PASS THROUGH - 106 CODO LLC -17 -17 -17
PASS THROUGH - 140 EAST MARKET STREET LP -31,258 0 -31,258
PASS THROUGH - 28 CODO LLC -118 -118 -118
PASS THROUGH - 28 CODO TENANT MANAGEMENT LLC -34,531 -34,531 -34,531
PASS THROUGH - 44-50 W. MARKET ST LLC -14,864 -14,864 -14,864
PASS THROUGH - CODO 106 LP -5,502 -5,502 -5,502
PASS THROUGH - CODO 28LP -71,887 -71,887 -71,887
PASS THROUGH - COMMONFUND CAPITAL STRATEGIC SOLUTIONS GLOBAL PRIVATE EQUITY -138,581 -138,030 -138,581
PASS THROUGH - CODO 200 LP -27,659 -27,659 -27,659
PASS THROUGH - DOWNTOWN RENAISSANCE FUND -61,772 -61,004 -61,772
PASS THROUGH - MARKET STREET COMMERCIAL SUBTENANT LLC 9,053 9,053 9,053
PASS THROUGH - MARKET STREET RES. SUBTENANT LLC -76,339 -76,339 -76,339
PASS THROUGH - MARKET STREET YORK LP -190,082 -190,082 -190,082
PASS THROUGH - SUSQUEHANNA CO WINDUP TRUST -6,142   -6,142
PASS THROUGH - TRACEY PARTNERS -321 -321 -321
PASS THROUGH - YORK PROFESSIONAL BASEBALL CLUB LLC -230,125 -53,767 -230,125
PASS THROUGH - COMMONFUND SECONDARY PARTNERS III -46,921 -41,599 -46,921
PASS THROUGH - COMMONFUND INSTITUTIONAL HIGH QUALITY BOND -201,721 -201,721 -201,721
PASS THROUGH - COMMONFUND CREDIT SERIES -222,791 -222,791 -222,791
PASS THROUGH - COMMONFUND SOLUTIONS GLOBAL 90,054 90,054 90,054
PASS THROUGH - COMMONFUND CAPITAL VENTURE PARTNER XIII -146,003 -145,991 -146,003
PASS THROUGH - COMMONFUND CAPITAL ENVIRONMENTAL SUSTANABILITY PARTNERS, 2020 -66,070 -50,995 -66,070
PASS THROUGH - CF REIT PORTFOLIO -39,124 -39,124 -39,124
PASS THROUGH - COMMONFUND PRIVATE CREDIT FUND II, LP 13,657 13,657 13,657
PASS THROUGH - COMMONFUND STRATEGIC SOLUTIONS CORE REAL ESTATE FUND LLC -40,414 -40,414 -40,414
PASS THROUGH - COMMONFUND REAL ESTATE OPPORTUNITY FUND II, L.P -36,300 -34,919 -36,300
PASS THROUGH - COMMONFUND CAPITAL VENTURE PARTNERS XIV, L.P -78,447 -78,447 -78,447
PASS THROUGH - COMMONWEALTH INSTITUTIONAL HIGH QUALITY BOND FUND, LLC - PLED -45,848 -45,848 -45,848
PASS THROUGH - CF REIT PORTFOLIO - PLEDGE -5,491 -5,491 -5,491
PASS THROUGH - COMMONFUND CAPITAL OCIO GLOBAL PRIVATE EQUITY FUND IV LP -60,738 -56,722 -60,738
PASS THROUGH - COMMONFUND SECONDARY PARTNERS IV, LP -1,371 -1,371 -1,371


TY 2022 OtherProfessionalFeesSchedule
Name:
POWDER MILL FOUNDATION
EIN:
23-7751589
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 286,044 286,044   0


TY 2022 SubstantialContributorsSch
Name:
POWDER MILL FOUNDATION
EIN:
23-7751589
Name Address
LOUIS J APPEL JR REV TRUST 1700 POWDER MILL ROAD
YORK,PA17403


TY 2022 TaxesSchedule
Name:
POWDER MILL FOUNDATION
EIN:
23-7751589
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
IRS TAX PAYMENTS 260,935 0   0