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
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
RIDGECLIFF FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 26167
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
FAIRVIEW PARK, OH44126
A Employer identification number

34-1671405
B Telephone number (see instructions)

(216) 496-6307
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$9,650,834J 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 right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 381,784 381,784 381,784
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -216,818
b Gross sales price for all assets on line 6a 3,198,884
7 Capital gain net income (from Part IV, line 2)...  
8 Net short-term capital gain......... 18,393
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).......      
12 Total. Add lines 1 through 11........ 164,966 381,784 400,177
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
5,700 1,425   4,275
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
12,167 9,188   2,976
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
5,025      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 11,106 8,330   2,776
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
13,557 1,346   12,210
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 47,555 20,289   22,237
25 Contributions, gifts, grants paid....... 414,182 443,307
26 Total expenses and disbursements. Add lines 24 and 25 461,737 20,289   465,544
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -296,771
b Net investment income (if negative, enter -0-) 361,495
c Adjusted net income (if negative, enter -0-)... 400,177
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
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............. 22,137 23,445 23,445
2 Savings and temporary cash investments.........      
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 arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 7,431 14,241 14,241
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 8,079,586 Click to see attachment
List of Attached Documents:
// Content
7,750,962 		9,613,148
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,109,154 7,788,648 9,650,834
Liabilities 17 Accounts payable and accrued expenses.......... 1,780 5,420
18 Grants payable................. 139,125 110,000
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 right arrow)   Click to see attachment
List of Attached Documents:
// Content
1,750
23 Total liabilities (add lines 17 through 22)......... 140,905 117,170
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........... 7,968,249 7,671,478
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 7,968,249 7,671,478
30 Total liabilities and net assets/fund balances (see instructions). 8,109,154 7,788,648
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
7,968,249
2
Enter amount from Part I, line 27a .....................
2
-296,771
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
7,671,478
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
7,671,478
Form 990-PF (2023)
Form 990-PF (2023)
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 ISHARES CORE U.S. AGGREGATE BOND ETF P 2022-12-21 2023-01-24
b WELLS FARGO BK NA SD US FIXED CD P 2023-01-24 2023-08-02
c AMERICAN FUNDS AMCAP FUND CL A P 2014-01-10 2023-08-25
d AMERICAN FUNDS MUTUTAL FUND CL A P 2014-11-03 2023-01-24
e JP MORGAN CORE BOND FUND CLASS A P 2014-11-03 2023-12-27
LOOMIS SAYLES INVESTMENT GRADE BOND P 2014-11-03 2023-12-27
(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 982,032   963,639 18,393
b 100,000   100,000  
c 150,000   121,807 28,193
d 100,000   76,832 23,168
e 1,422,831   1,613,933 -191,102
444,021   539,491 -95,470
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       18,393
b        
c       28,193
d       23,168
e       -191,102
      -95,470
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 -216,818
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 18,393
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 5,025
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  
3 Add lines 1 and 2........................... 3 5,025
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 5,025
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 3,275
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 1,750
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 5,025
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
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  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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 arrowOH
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 2023 or the taxable year beginning in 2023? 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
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 arrowWWW.RIDGECLIFF.ORG
14
The books are in care ofright arrowCATHERINE RUTTI Telephone no.right arrow (216) 496-6307

Located atright arrow9630 TILBY RDNORTH ROYALTONOH ZIP+4right arrow44133
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 2023, 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
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
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)
 
No
(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
 
 
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 2023? .............
1d
 
 
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
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 2023 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 2023.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
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
ROBERTA TALIAFERRO TRUSTEE
0.00 		0 0 0
2119 STINE RD
PENINSULA,OH44264
CATHERINE RUTTI TREASURER
0.00 		0 0 0
9630 TILBY RD
NORTH ROYALTON,OH44133
ELENA LIDRBAUCH 1ST VICE PRE
0.00 		0 0 0
1776 LESTER ROAD
VALLEY CITY,OH44280
J DAVID INGERSOLL SECRETARY
0.00 		0 0 0
1999 WRENFORD RD
SOUTH EUCLID,OH44121
MARY TERESE MATOUSEK TRUSTEE
0.00 		0 0 0
18851 CARMANY DR
WALTON HILLS,OH44146
PAUL MCHUGH PRESIDENT
0.00 		0 0 0
2487 SAYBROOK ROAD
UNIVERSITY HTS,OH44118
HOLLIE GALLAGHER 2ND VICE PRE
0.00 		0 0 0
3678 TRAVER RD
SHAKER HEIGHTS,OH44122
TAO PAN TRUSTEE
0.00 		0 0 0
5170 LOXLEY DR
RICHMOND HTS,OH44143
MARY TERNES TRUSTEE
0.00 		0 0 0
7086 ANTHONY LANE
PARMA HEIGHTS,OH44130
PAT FAHEY TRUSTEE
0.00 		0 0 0
4226 KELLER HANNA DR
BRUNSWICK,OH44212
ROB MCLELLAND TRUSTEE
0.00 		0 0 0
20020 FAIRMOUNT BLVD
SHAKER HTS,OH44118
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  
Form 990-PF (2023)
Form 990-PF (2023)
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.............right arrow  
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 N/A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
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
9,076,452
b
Average of monthly cash balances.......................
1b
15,938
c
Fair market value of all other assets (see instructions)................
1c
1,000
d
Total (add lines 1a, b, and c).........................
1d
9,093,390
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
9,093,390
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
136,401
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
8,956,989
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
447,849
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
447,849
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
5,025
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
5,025
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
442,824
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
442,824
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
442,824
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
465,544
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
465,544
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 442,824
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 30,167
b From 2019...... 42,282
c From 2020...... 88,074
d From 2021...... 9,084
e From 2022...... 86,219
f Total of lines 3a through e ........ 255,826
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 465,544
a Applied to 2022, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount..... 442,824
e Remaining amount distributed out of corpus 22,720
5 Excess distributions carryover applied to 2023.    
(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 5 278,546
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
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...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		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) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		30,167
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		248,379
10 Analysis of line 9:
a Excess from 2019.... 42,282
b Excess from 2020.... 88,074
c Excess from 2021.... 9,084
d Excess from 2022.... 86,219
e Excess from 2023.... 22,720
Form 990-PF (2023)
Form 990-PF (2023)
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 2023, 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) 2023 (b) 2022 (c) 2021 (d) 2020
         
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).)
NONE
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.
NONE
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:
RIDGECLIFF FOUNDATION INC
C/O PAUL MCHUGH
2487 SAYBROOK RD
UNIVERSITY HTS,OH44118
PAUL.MCHUGH@53.COM
bThe form in which applications should be submitted and information and materials they should include:
SEE ATTACHED GRANT GUIDELINES
cAny submission deadlines:
SEE ATTACHED GRANT GUIDELINES
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
SEE ATTACHED GRANT GUIDELINES
Form 990-PF (2023)
Form 990-PF (2023)
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

ACHIEVEMENT CENTER FOR CHILDREN

4255 NORTHFIELD RD
HIGHLAND HILLS,OH44128 		  501C3 PROGRAM SERVICES 7,500

CLEVELAND PUBLIC THEATRE

6415 DETROIT AVE
CLEVE,OH44102 		  501 C 3 Y HAVEN THEATRE PROJECT 11,000

CLEVELAND RAPE CRISIS CENTER

526 SUPERIOR AVE
CLEVE,OH44114 		  501 C 3 TRAUMA AND ADDICTION PROGRAM 7,500

COLEMAN PROFESSIONAL SERV

5982 RHODES RD
KENT,OH44240 		  501 C 3 SCHOOL BASED INTERVENTIONS 8,784

COLEMAN PROFESSIONAL SERV

5982 RHODES RD
KENT,OH44240 		  501 C 3 SCHOOL BASED INTERVENTIONS 8,784

CORNERSTONE OF HOPE

5905 BRECKSVILLE RD
INDEPENDENCE,OH44131 		  501 (C)(3) GREIVING CHILDREN AND TEENS 17,500

ECUMENICAL SHELTER NETWORK
OF LAKE COUNTY
25 FREEDOM ROAD
PAINESVILLE,OH44077 		  501 C 3 TO RESPOND TO HUMAN HURTS AND HOPES 5,544

ECUMENICAL SHELTER NETWORK
OF LAKE COUNTY
25 FREEDOM ROAD
PAINESVILLE,OH44077 		  501 C 3 TO RESPOND TO HUMAN HURTS AND HOPES 5,544

EDNA HOUSE FOR WOMEN

2007 WEST 65TH ST
CLEVELAND,OH44102 		  501(C)(3) SOBER LIVING AND EDUCATION 15,000

EDWINS LEADERSHIP & RESTAURANT
INSTITUTE
13101 SHAKER SQUARE
CLEVELAND,OH44120 		  501C3 LEADERSHIP AND RE-ENTRY PROGRAM 12,500

EDWINS LEADERSHIP & RESTAURANT
INSTITUTE
13101 SHAKER SQUARE
CLEVELAND,OH44120 		  501C3 LEADERSHIP AND RE-ENTRY PROGRAM 12,500

EPILEPSY ASSOCIATION

2831 PROSPECT AVE
CLEVELAND,OH44115 		  501 C 3 SERVING INDIVDUALS IMPACTED BY EPILE 10,000

EPILEPSY ASSOCIATION

2831 PROSPECT AVE
CLEVELAND,OH44115 		  501 C 3 SERVING INDIVDUALS IMPACTED BY EPILE 10,000

EXTENDED HOUSING

270 E MAIN ST STE 300
PAINESVILLE,OH44077 		  501C3 RENTAL AND HOUSING ASSISTANCE 10,000

IBH ADDICTION RECOVERY

3445 S MAIN ST
COVENTRY TOWNSHIP,OH44319 		  501C3 ADDICTION RECOVERY SERVICES 6,250

IBH ADDICTION RECOVERY

3445 S MAIN ST
COVENTRY TOWNSHIP,OH44319 		  501C3 ADDICTION RECOVERY SERVICES 6,250

JOURNEY CENTER FOR SAFETY & HANDLIN

PO BOX 5466
CLEVELAND,OH44101 		  501C3 TRAUMA COUNSELING SURIVIVORS ABUSE 5,000

JOURNEY CENTER FOR SAFETY & HANDLIN

PO BOX 5466
CLEVELAND,OH44101 		  501C3 TRAUMA COUNSELING SURIVIVORS ABUSE 10,000

KOINONIA HOMES

6161 OAK TREE BLVD
SUITE 400
INDEPENDENCE,OH44131 		  501C3 CARE FOR INDIV. WITH DEV. DISABILITI 10,625

LIFEACT

210 BELL ST
CHAGRIN FALLS,OH44022 		  501 C 3 SUICIDE PREVENTION 12,500

LIFEACT

210 BELL ST
CHAGRIN FALLS,OH44022 		  501 C 3 SUICIDE PREVENTION 12,500

MAY DUGAN CENTER

4115 BRIDGE AVE
CLEVELAND,OH44113 		  501C3 HEALTH AND HUMAN SERVICE 10,000

MAY DUGAN CENTER

4115 BRIDGE AVE
CLEVELAND,OH44113 		  501 C 3 HEALTH AND HUMAN SERVICE 10,000

NAAHLEH

5010 MAYFIELD ROAD
SUITE 306
LYNDHURST,OH44124 		  501C3 EMOTIONAL/WELL-BEING OF JEWISH COMM 12,500

NAMI GREATER CLEVELAND

212 WEST 25TH ST 600
CLEVELAND,OH44113 		  501 C 3 FAMILY & CONSUMER SUPPORT & EDUCATIO 10,000

NAMI GREATER CLEVELAND

212 WEST 25TH ST 600
CLEVELAND,OH44113 		  501 C 3 FAMILY & CONSUMER SUPPORT & EDUCATIO 10,000

NEIGHBORHOOD FAMILY PRACTICE

3569 RIDGE RD
CLEVELAND,OH44102 		  501C3 PROGRAM SERVICES 12,500

NEWBRIDGE PLACE

645 WOOSTER ST
LODI,OH44254 		  501C3 PROMOTE MENTAL WELL BEING 12,500

PROVIDENCE HOUSE

2050 WEST 32ND STREET
CLEVELAND,OH44113 		  501 C 3 CRISIS NURSERY 10,000

PROVIDENCE HOUSE

2050 WEST 32ND STREET
CLEVELAND,OH44113 		  501 C 3 CRISIS NURSERY 10,000

STELLA MARIS

1320 WASHINGTON AVE
CLEVELAND,OH44113 		  501C3 CHEMICAL DEPENDENCY TREATMENT 10,000

STELLA MARIS

1320 WASHINGTON AVE
CLEVELAND,OH44113 		  501 C 3 CHEMICAL DEPENDENCY TREATMENT 10,000

THE GRIEFCARE PLACE

4499 DARROW RD
STOW,OH44224 		  501 C 3 PROGRAM SERVICES 5,000

THE GRIEFCARE PLACE

4499 DARROW RD
STOW,OH44224 		  501 C 3 PROGRAM SERVICES 5,000

THE SALVATION ARMY

1710 PROSPECT AVE
CLEVELAND,OH44115 		  501 C 3 LIGHT SUBSTANCE ABUSE RECOVERY PROG 25,000

THE SALVATION ARMY

2507 EAST 22ND ST
CLEVELAND,OH44115 		  501 C 3 LIGHT SUBSTAND ABUSE RECOVERY PROG 12,500

UNIVERSITY HOSPITALS

11000 EUCLID AVE
MCCO 5062
CLEVELAND,OH44106 		  501 C 3 TELEPSYCHIATRY PILOT PROGRAM 12,500

WEST SIDE CATHOLIC CENTER

3135 LORAIN AVE
CLEVE,OH44113 		  501 C 3 SUPPORT OF COUNSELORS 9,013

WEST SIDE CATHOLIC CENTER

3135 LORAIN AVE
CLEVE,OH44113 		  501 C 3 SUPPORT OF COUNSELORS 9,013

WOMENSAFE INC

12041 RAVENNA RD
CHARDON,OH44024 		  501 C 3 CLINICAL SERVICES PROGRAM 17,500

WOMENSAFE INC

12041 RAVENNA RD
CHARDON,OH44024 		  501 C 3 CLINICAL SERVICES PROGRAM 17,500

YWCA MAHONING VALLEY

25 WEST RAYAN AVE
YOUNGSTOWN,OH44503 		  501C3 WINGS 7,500
Total .................................right arrow 3a 443,307
bApproved for future payment

CLEVELAND RAPE CRISIS CENTER
526 SUPERIOR AVE
CLEVE,OH44114 		  501 C 3 TRAUMA AND ADDICTION PROGRAM 7,500

CORNERSTONE OF HOPE
5905 BRECKSVILLE RD
INDEPENDENCE,OH44131 		  501 C 3 GREIVING CHILDREN AND TEENS 17,500

EDWINS LEADERSHIP & RESTAURANT
INSTITUE
13101 SHAKER SQUARE
CLEVELAND,OH44120 		  501C3 LEADERSHIP AND RE-ENTRY PROGRAM 12,500

JOURNEY CENTER FOR SAFETY AND HEAL
PO BOX 5466
CLEVELAND,OH44101 		  501 C 3 TRAUMA COUNSELING SURVIVORS ABUSE 10,000

NEIGHBORHOOD FAMILY PRACTICE
3569 RIDGE RD
CLEVELAND,OH44102 		  501C3 PROGRAM SERVICES 12,500

NEWBRIDGE PLACE
645 WOOSTER ST
LODI,OH44254 		  501C3 PROMOTE MENTAL WELL BEING 12,500

THE SALVATION ARMY
2507 EAST 22ND ST
CLEVELAND,OH44115 		  501 C 3 LIGHT SUBSTANCE ABUSE RECOVERY PROG 12,500

WOMENSAFE INC
12041 RAVENNA RD
CHARDON,OH44024 		  501 C 3 CLINICAL SERVICES PROGRAM 17,500

YWCA MAHONING VALLEY
25 WEST RAYAN AVE
YOUNGSTOWN,OH44503 		  501C3 WINGS 7,500
Total ................................. right arrow 3b 110,000
Form 990-PF (2023)
Form 990-PF (2023)
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   531110        
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14    
4 Dividends and interest from securities ....     14 381,784  
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 ............ 		    1 18,393 -235,211
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a2019 TAX REFUND 		         
bGRANT REFUNDED          
c2020 TAX PROVISION          
d2020 TAX REFUND          
e
12 Subtotal. Add columns (b), (d), and (e) ..   400,177 -235,211
13Total. Add line 12, columns (b), (d), and (e)..................
13
164,966
(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 (2023)
Form 990-PF (2023)
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 (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
RIDGECLIFF FOUNDATION
EIN:
34-1671405
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTANT CHARGE 5,700 1,425   4,275

TY 2023 InvestmentsCorpStockSchedule
Name:
RIDGECLIFF FOUNDATION
EIN:
34-1671405
Name of Stock End of Year Book Value End of Year Fair Market Value
CORPORATE STOCK    

TY 2023 InvestmentsOtherSchedule2
Name:
RIDGECLIFF FOUNDATION
EIN:
34-1671405
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
MONEY MARKET FUNDS AT COST 2,217,561 2,217,561
MUTUAL FUNDS AT COST 5,533,401 7,395,587

TY 2023 OtherExpensesSchedule
Name:
RIDGECLIFF FOUNDATION
EIN:
34-1671405
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
BANK CHARGES & FEES 383 383    
DONATIONS        
INSURANCE 2,437     2,437
MISCELLANEOUS EXPENSE - ADJUS 1      
OFFICE EXPENSE 1,233     1,233
OFFICE SUPPORT 3,850 963   2,887
WEBSITE DEVELOPMENT 5,653     5,653


TY 2023 OtherLiabilitiesSchedule
Name:
RIDGECLIFF FOUNDATION
EIN:
34-1671405
Description Beginning of Year - Book Value End of Year - Book Value
ACCRUED FEDERAL EXCISE TAX   1,750


TY 2023 OtherProfessionalFeesSchedule
Name:
RIDGECLIFF FOUNDATION
EIN:
34-1671405
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TRUSTEE FEES 11,115 8,336   2,776
INVESTMENT MANAGEMENT FEES        
CHARITY REGISTRATION 200     200
OTHER 852 852    


TY 2023 TaxesSchedule
Name:
RIDGECLIFF FOUNDATION
EIN:
34-1671405
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OHIO FEE        
OHIO ANNUAL REG FEE        
2019 EXCISE TAX PAID        
2018 EXCISE TAX ACCRUAL        
2020 EXCISE TAX PAID        
2021 EXCISE TAX PAID        
2022 EXCISE TAX PAID        
2023 EXCISE TAX PAID 5,025