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
THE KANGESSER FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)912 DEDHAM STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEWTON, MA02459
A Employer identification number

34-6529478
B Telephone number (see instructions)

(617) 928-5353
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$2,997,699J 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... 59,058 59,058  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 27,816
b Gross sales price for all assets on line 6a 938,617
7 Capital gain net income (from Part IV, line 2)... 27,816
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
1,040 0  
12 Total. Add lines 1 through 11........ 87,914 86,874  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
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
3,400 170   3,230
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
2,256 1,216   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
22,163 21,783   380
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 27,819 23,169   3,610
25 Contributions, gifts, grants paid....... 107,500 107,500
26 Total expenses and disbursements. Add lines 24 and 25 135,319 23,169   111,110
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -47,405
b Net investment income (if negative, enter -0-) 63,705
c Adjusted net income (if negative, enter -0-)...  
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.............      
2 Savings and temporary cash investments......... 92,810 181,926 181,926
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..........      
10a Investments—U.S. and state government obligations (attach schedule) 154,506 Click to see attachment
List of Attached Documents:
// Content
92,978 		92,978
b Investments—corporate stock (attach schedule)....... 2,128,664 Click to see attachment
List of Attached Documents:
// Content
2,654,963 		2,654,963
c Investments—corporate bonds (attach schedule)....... 80,670 Click to see attachment
List of Attached Documents:
// Content
67,832 		67,832
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).......... 129,158 0 0
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) 2,585,808 2,997,699 2,997,699
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
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 2,585,808 2,997,699
29 Total net assets or fund balances (see instructions)..... 2,585,808 2,997,699
30 Total liabilities and net assets/fund balances (see instructions). 2,585,808 2,997,699
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
2,585,808
2
Enter amount from Part I, line 27a .....................
2
-47,405
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
459,296
4
Add lines 1, 2, and 3 ..........................
4
2,997,699
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
2,997,699
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 PRIVATE TRUST ST TRANSACTIONS   2022-05-26 2023-05-03
b PRIVATE TRUST LT TRANSACTIONS   2022-04-07 2023-06-02
c MERRILL LYNCH ST TRANSACTIONS   2023-07-18 2023-10-26
d MERRILL LYNCH LT TRANSACTIONS   2022-07-15 2023-07-28
e 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 1,477   1,562 -85
b 45,738   53,443 -7,705
c 556,560   573,729 -17,169
d 334,842   282,080 52,762
e 13     13
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       -85
b       -7,705
c       -17,169
d       52,762
e       13
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 27,816
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
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) 1 885
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........................... 3 885
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- ..... 5 885
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 1,040
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 800
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,840
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 955
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow955 Refundedright arrow 11 0
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$ 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 arrowOH, MA
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 arrowN/A
14
The books are in care ofright arrowHEDY KANGESSER ADLER Telephone no.right arrow (617) 928-5353

Located atright arrow912 DEDHAM STREETNEWTONMA ZIP+4right arrow02459
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)
Yes
 
(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
 
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 2023? .............
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 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
HEDY KANGESSER ADLER PRESIDENT/TREASURER
2.00 		0 0 0
912 DEDHAM STREET
NEWTON,MA02459
DAVID F ADLER SECRETARY
2.00 		0 0 0
912 DEDHAM STREET
NEWTON,MA02459
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 (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 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 (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
2,611,488
b
Average of monthly cash balances.......................
1b
239,802
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
2,851,290
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
2,851,290
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
42,769
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
2,808,521
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
140,426
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
140,426
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
885
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
885
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
139,541
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
139,541
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
139,541
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
111,110
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
111,110
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 7 139,541
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 130,448
b From 2019...... 49,075
c From 2020...... 43,330
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 222,853
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 111,110
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 111,110
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 28,431 28,431
(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 5 194,422
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 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
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) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		102,017
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		92,405
10 Analysis of line 9:
a Excess from 2019.... 49,075
b Excess from 2020.... 43,330
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
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).)
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 email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
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

BRIGHAM AND WOMEN'S HOSPITAL

116 HUNTINGTON AVENUE
BOSTON,MA02116 		  PC CHARITABLE, CARDIOVASCULAR MEDICINE SUPPORT 7,500

COMBINED JEWISH PHILANTHROPIES OF GREATER BOSTON INC

126 HIGH STREET
BOSTON,MA02110 		  PC GENERAL CHARITABLE SUPPORT 17,500

HATHAWAY BROWN SCHOOL

19600 NORTH PARK BOULEVARD
SHAKER HEIGHTS,OH44122 		  PC CHARITABLE ANNUAL FUND AND BUILDING FUND GENERAL SUPPORT 40,000

HEBREW ACADEMY OF CLEVELAND

1800 WARRENSVILLE CENTER ROAD
CLEVELAND HEIGHTS,OH44121 		  PC SCHOLARSHIP FUND 5,500

JEWISH FAMILY & CHILDREN'S SERVICES

1430 MAIN STREET
WALTHAM,MA02451 		  PC GENERAL CHARITABLE SUPPORT 12,000

JEWISH FEDERATION OF CLEVELAND

25701 SCIENCE PARK DRIVE
CLEVELAND,OH44122 		  PC CHARITABLE CAMPAIGN FOR JEWISH NEEDS 5,000

JOSEPH AND FLORENCE MANDEL JEWISH DAY SCHOOL

26500 SHAKER BLVD
BEACHWOOD,OH44122 		  PC CAPITAL FUND AND ANNUAL FUND SUPPORT 20,000
Total .................................right arrow 3a 107,500
bApproved for future payment
Total ................................. right arrow 3b 0
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
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 59,058  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 27,816  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aTAX REFUND 		        1,040
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 86,874 1,040
13Total. Add line 12, columns (b), (d), and (e)..................
13
87,914
(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.)
11A TAX REFUND RECEIVED IN THE NORMAL COURSE OF FOUNDATION BUSINESS
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:
THE KANGESSER FOUNDATION
EIN:
34-6529478
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 3,400 170   3,230

TY 2023 InvestmentsCorpBondsSchedule
Name:
THE KANGESSER FOUNDATION
EIN:
34-6529478
Name of Bond End of Year Book Value End of Year Fair Market Value
PTC - INVESCO EXCHANGE TAXABLE MUNICIPAL BOND 8,422 8,422
PTC - ISHARES TRUST LEHMAN AGENCY BOND FUND 14,313 14,313
PTC - SPDR BARCLAYS INTERMEDIATE TERM ETF 4,798 4,798
PTC - DOUBLELINE TOTAL RETURN BOND FUND CLASS I 8,583 8,583
PTC - FEDERATED HIGH YIELD BOND FUND 11,645 11,645
PTC - VANGUARD INTER-TERM INV GRADE ADM 20,071 20,071

TY 2023 InvestmentsCorpStockSchedule
Name:
THE KANGESSER FOUNDATION
EIN:
34-6529478
Name of Stock End of Year Book Value End of Year Fair Market Value
ML 2559 - BLACKROCK INNOVATION AND GROWTH 18,325 18,325
ML 2560 - ALPHABET INC 21,093 21,093
ML 2560 - AMAZON COM INC 20,360 20,360
ML 2560 - AMPHENOL CORP 14,176 14,176
ML 2560 - APPLE INC 47,170 47,170
ML 2560 - BLACKROCK INC 17,860 17,860
ML 2560 - BOEING COMPANY 18,507 18,507
ML 2560 - BOSTON SCIENTIFIC 17,112 17,112
ML 2560 - BROADCOM INC 13,395 13,395
ML 2560 - CONOCOPHILLIPS 9,053 9,053
ML 2560 - COSTCO WHOLESALE CORP 28,383 28,383
ML 2560 - ELI LILLY & CO 12,824 12,824
ML 2560 - EXXON MOBIL CORP 17,297 17,297
ML 2560 - FERRARI NV 9,476 9,476
ML 2560 - HILTON WORLDWIDE 10,561 10,561
ML 2560 - HOME DEPOT INC 14,555 14,555
ML 2560 - HONEYWELL INTNL INC 7,130 7,130
ML 2560 - JP MORGAN CHASE & CO 22,283 22,283
ML 2560 - KENVUE INC 12,961 12,961
ML 2560 - MCDONALDS CORP 13,936 13,936
ML 2560 - MICROSOFT CORP 56,406 56,406
ML 2560 - NETFLIX COM INC 17,528 17,528
ML 2560 - NVIDIA 24,761 24,761
ML 2560 - O'REILLY AUTOMOTIVE INC 10,451 10,451
ML 2560 - PALO ALTO NETWORKS INC 6,487 6,487
ML 2560 - PARKER HANNIFIN CORP 20,732 20,732
ML 2560 - PROCTER & GAMBLE CO 6,741 6,741
ML 2560 - PROGRESSIVE CRP OHIO 16,087 16,087
ML 2560 - PROLOGIS INC 18,395 18,395
ML 2560 - ROSS STORES INC 7,335 7,335
ML 2560 - S&P GLOBAL INC 17,180 17,180
ML 2560 - SCHLUMBERGER LTD 9,263 9,263
ML 2560 - SERVICENOW INC 13,423 13,423
ML 2560 - TESLA INC 10,685 10,685
ML 2560 - THERMO FISHER SCIENTIFIC 6,900 6,900
ML 2560 - TORONTO DOMINION BANK 7,044 7,044
ML 2560 - UNION PACIFIC CORP 17,685 17,685
ML 2560 - UNITED RENTALS INC 11,468 11,468
ML 2560 - UNITEDHEALTH GROUP INC 18,953 18,953
ML 2560 - VISA INC 20,828 20,828
ML 2560 - WALMART INC 14,977 14,977
ML 2560 - WELLTOWER INC 9,828 9,828
ML 2560 - ZOETIS INC 17,763 17,763
ML 2561 - ALPHABET INC 25,703 25,703
ML 2561 - AMAZON COM INC 28,413 28,413
ML 2561 - APPLE INC 57,952 57,952
ML 2561 - APPLIED MATERIAL INC 6,807 6,807
ML 2561 - ASTRAZENECA PLC 4,715 4,715
ML 2561 - AUTODESK INC 7,061 7,061
ML 2561 - BIOMARIN PHARMACEUTICALS 4,628 4,628
ML 2561 - BROADCOM INC 11,163 11,163
ML 2561 - CHENIERE ENERGY 4,609 4,609
ML 2561 - COSTCO WHOLESALE CORP 6,601 6,601
ML 2561 - DATADOG INC 4,612 4,612
ML 2561 - EATON CORP PLC 4,576 4,576
ML 2561 - ELI LILLY & CO 13,407 13,407
ML 2561 - FERRARI NV 4,738 4,738
ML 2561 - GENL DYNAMICS CORP 4,934 4,934
ML 2561 - HESS CORP 3,892 3,892
ML 2561 - HUMANA INC 3,662 3,662
ML 2561 - INTUIT INC 5,625 5,625
ML 2561 - INTUITIVE SURGICAL INC 7,085 7,085
ML 2561 - LINDE PLC 4,518 4,518
ML 2561 - LOWES COMPANIES INC 6,899 6,899
ML 2561 - MASTERCARD INC 11,089 11,089
ML 2561 - META PLATFORMS INC 17,344 17,344
ML 2561 - MICROSOFT CORP 59,038 59,038
ML 2561 - MONGODB INC 6,542 6,542
ML 2561 - NVIDIA 26,742 26,742
ML 2561 - O'REILLY AUTOMOTIVE INC 6,651 6,651
ML 2561 - PEPSICO INC 4,416 4,416
ML 2561 - PROCTER & GAMBLE CO 4,250 4,250
ML 2561 - PROGRESSIVE CRP OHIO 5,256 5,256
ML 2561 - S&P GLOBAL INC 7,048 7,048
ML 2561 - SERVICENOW INC 7,771 7,771
ML 2561 - SYNOPSYS INC 6,694 6,694
ML 2561 - T-MOBILE US INC 5,131 5,131
ML 2561 - TAKE TWO INTER SOFTWARE 4,829 4,829
ML 2561 - TESLA INC 13,666 13,666
ML 2561 - THERMO FISHER SCIENTIFIC 6,900 6,900
ML 2561 - TJX COS INC 7,036 7,036
ML 2561 - TOPBUILD CORP 6,737 6,737
ML 2561 - UBER TECHNOLOGIES INC 4,495 4,495
ML 2561 - UNION PACIFIC CORP 9,333 9,333
ML 2561 - UNITEDHEALTH GROUP INC 6,844 6,844
ML 2561 - UNITY SOFTWARE INC 4,906 4,906
ML 2561 - VISA INC 7,029 7,029
ML 2561 - ZOETIS INC 4,145 4,145
PTC - ABBOTT LABORATORIES 8,916 8,916
PTC - ABBVIE INC 20,146 20,146
PTC - AGILENT TECHNOLOGIES INC 14,459 14,459
PTC - AIR PRODUCTS & CHEMICALS INC 10,131 10,131
PTC - ALPHABET INC CLASS A 44,701 44,701
PTC - AMAZON.COM INC 29,780 29,780
PTC - APPLE INC 64,690 64,690
PTC - ARISTA NETWORKS INC 24,493 24,493
PTC - AUTOMATIC DATA PROCESSING INC 14,444 14,444
PTC - BLACKROCK INC 12,177 12,177
PTC - BOEING CO 13,554 13,554
PTC - BROADCOM INC 36,836 36,836
PTC - COSTCO WHOLESALE CORP 35,644 35,644
PTC - DANAHER CORP 17,582 17,582
PTC - DEERE & COMPANY 16,795 16,795
PTC - DEVON ENERGY CORP 10,419 10,419
PTC - EQUIFAX INC 14,343 14,343
PTC - EXXON MOBIL CORP 16,797 16,797
PTC - FORTIVE CORP 10,603 10,603
PTC - HOME DEPOT INC 21,833 21,833
PTC - JPMORGAN CHASE & CO 23,134 23,134
PTC - MASTERCARD INC 10,663 10,663
PTC - META PLATFORMS INC 22,653 22,653
PTC - MICROSOFT CORP 63,175 63,175
PTC - MONSTER BEVERAGE CORP 7,316 7,316
PTC - NASDAQ OMX GROUP INC 16,221 16,221
PTC - NIKE INC CLASS B 10,748 10,748
PTC - O'REILLY AUTOMOTIVE INC 13,301 13,301
PTC - ORACLE CORP 12,968 12,968
PTC - PARKER HANNIFIN CORP 10,135 10,135
PTC - PROCTER & GAMBLE CO 15,240 15,240
PTC - SALESFORCE.COM INC 17,894 17,894
PTC - SHERWIN WILLIAMS CO 19,962 19,962
PTC - STARBUCKS CORP 8,929 8,929
PTC - THE BLACKSTONE GROUP 7,724 7,724
PTC - UNITEDHEALTH GROUP INC 14,741 14,741
PTC - VERALTO CORP 2,057 2,057
PTC - IQ HEDGE MULTIIQ HEDGE MULTI-ST 58,665 58,665
PTC - ISHARES MSCI CANADA INDEX 21,825 21,825
PTC - ISHARES S&P 500 INDEX FD 31,523 31,523
PTC - ISHARES TR S&P MIDCAP 400 GROWTH INDEX FUND 28,440 28,440
PTC - ISHARES TR S&P SMALLCAP 600 INDEX 53,692 53,692
PTC - ISHARES TR S&P SMALLCAP 600 GROWTH INDEX FUND 17,394 17,394
PTC - JP MORGAN EXCHANGE - TRADED FD BETABUILDERS 23,340 23,340
PTC - SCHWAB U.S. MID-CAP ETF 101,004 101,004
PTC - ETF SCHWAB EMERGING MARKET 84,782 84,782
PTC - REAL ESTATE SELECT SECTOR ETF 17,827 17,827
PTC - VANGUARD PACIFIC ETF 86,148 86,148
PTC - VANGUARD MSCI EUROPEAN ETF 190,022 190,022
PTC - DRIEHAUS EMERGING MARKET GROWTH INSTL 52,228 52,228

TY 2023 InvestmentsGovtObligationsSch
Name:
THE KANGESSER FOUNDATION
EIN:
34-6529478
US Government Securities - End of Year Book Value:

92,978
US Government Securities - End of Year Fair Market Value:

92,978
State & Local Government Securities - End of Year Book Value:


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


0


TY 2023 OtherExpensesSchedule
Name:
THE KANGESSER FOUNDATION
EIN:
34-6529478
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT AND BROKERAGE FEES 21,783 21,783   0
STATE FILING FEES 380 0   380


TY 2023 OtherIncomeSchedule2
Name:
THE KANGESSER FOUNDATION
EIN:
34-6529478
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
TAX REFUND 1,040   1,040


TY 2023 OtherIncreasesSchedule
Name:
THE KANGESSER FOUNDATION
EIN:
34-6529478
Description Amount
UNREALIZED APPRECIATION/DEPRECIATION NOT BOOKED TO P/L 459,296


TY 2023 TaxesSchedule
Name:
THE KANGESSER FOUNDATION
EIN:
34-6529478
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES PAID 1,216 1,216   0
FEDERAL TAXES 1,040 0   0