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
ADDISON GIBSON FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)116 ALLEGHENY CENTER MALL P8YB3502L
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PITTSBURGH, PA15212
A Employer identification number

25-0965379
B Telephone number (see instructions)

(412) 747-4857
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$73,621,305J 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... 1,188,663 1,167,838  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 170,193
b Gross sales price for all assets on line 6a 6,405,710
7 Capital gain net income (from Part IV, line 2)... 170,193
8 Net short-term capital gain......... 0
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
2,718,347 2,714,910  
12 Total. Add lines 1 through 11........ 4,077,203 4,052,941  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 189,232 63,077   126,155
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
86,751 0 0 86,751
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
37,050 0 0 37,050
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
262,970 224,317   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
207,667 4,322   203,345
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 783,670 291,716 0 453,301
25 Contributions, gifts, grants paid....... 3,857,459 3,857,459
26 Total expenses and disbursements. Add lines 24 and 25 4,641,129 291,716 0 4,310,760
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -563,926
b Net investment income (if negative, enter -0-) 3,761,225
c Adjusted net income (if negative, enter -0-)... 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......... 823,092 898,334 898,334
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
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 arrow0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 6,602,196 Click to see attachment
List of Attached Documents:
// Content
6,738,046 		12,080,739
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).......... 36,980,611 Click to see attachment
List of Attached Documents:
// Content
36,406,237 		41,602,682
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
2,201,731 		Click to see attachment
List of Attached Documents:
// Content
1,966,429 		Click to see attachment
List of Attached Documents:
// Content
19,039,550
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 46,607,630 46,009,046 73,621,305
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
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........ 46,607,630 46,009,046
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)..... 46,607,630 46,009,046
30 Total liabilities and net assets/fund balances (see instructions). 46,607,630 46,009,046
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
46,607,630
2
Enter amount from Part I, line 27a .....................
2
-563,926
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
32,482
4
Add lines 1, 2, and 3 ..........................
4
46,076,186
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
67,140
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
46,009,046
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 2. ABBVIE INC   2020-03-13 2023-02-08
b 15. CVS HEALTH CORPORATION   2022-01-14 2023-02-08
c 10. DEERE & CO   2021-03-01 2023-02-08
d 3. ESSEX PPTY TR INC REIT   2019-08-29 2023-02-08
e 47. FOX CORP - CLASS A - W/I   2022-04-28 2023-02-08
10. GENERAL DYNAMICS CORP   2019-09-30 2023-02-08
76. GOLDMAN SACHS GROUP INC   2021-07-26 2023-02-08
21. MARSH & MCLENNAN COMPANIES INC   2020-03-10 2023-02-08
2. MONDELEZ INTERNATIONAL   2021-04-30 2023-02-08
160. NASDAQ INC   2020-03-10 2023-02-08
7. PHILIP MORRIS INTERNAT-W/I   2020-01-24 2023-02-08
35. TOTALENERGIES SE   2015-08-07 2023-02-08
1. TRUIST FINANCIAL CORP   2018-02-07 2023-02-08
1. UNITEDHEALTH GROUP INC   2021-07-26 2023-02-08
160. AMAZON COM INC   2022-08-30 2023-02-09
213. GOLDMAN SACHS GROUP INC   2021-03-15 2023-02-09
52. AVERY DENNISON CORP   2021-08-16 2023-03-08
258. COMCAST CORPORATION CL A   2018-11-19 2023-03-08
121. UNION PACIFIC CORP   2022-02-15 2023-03-08
1150. BANK OF AMERICA CORP   2019-03-25 2023-03-14
100. CDW CORP/DE   2019-10-24 2023-03-14
270. JPMORGAN CHASE & CO   2003-09-02 2023-03-14
90. MICROSOFT CORP   2018-10-18 2023-03-14
410. MORGAN STANLEY   2020-02-21 2023-03-14
190. TOTALENERGIES SE   2015-08-07 2023-03-22
415. AVERY DENNISON CORP   2021-02-25 2023-04-12
1399. CAPRI HLDGS LTD SEDOL   2021-12-17 2023-04-12
81. CROWN CASTLE INC   2022-06-27 2023-04-27
150. CROWN CASTLE INC   2019-09-06 2023-04-27
1. JP MORGAN ADR FX SETTLEMENT VARIOUS CUSI   2001-01-01 2023-05-08
1. JP MORGAN ADR FX SETTLEMENT VARIOUS CUSI   2001-01-01 2023-05-08
181. GENERAL DYNAMICS CORP   2019-09-30 2023-05-15
30. ELI LILLY & CO   2019-08-29 2023-05-15
872. TRUIST FINANCIAL CORP   2016-07-26 2023-05-15
210. VERIZON COMMUNICATIONS INC   2020-06-30 2023-05-15
64. GENERAL DYNAMICS CORP   2020-03-13 2023-05-16
130. JPMORGAN CHASE & CO   2003-09-02 2023-05-16
180. MORGAN STANLEY   2020-02-21 2023-05-16
60. S&P GLOBAL INC   2016-07-15 2023-05-16
1011. TRUIST FINANCIAL CORP   2016-07-15 2023-05-16
778. TRUIST FINANCIAL CORP   2016-07-15 2023-05-17
25. BROADCOM INC   2019-03-25 2023-06-02
86. CDW CORP/DE   2019-10-24 2023-06-02
410. EXXON MOBIL CORP   2021-02-19 2023-06-02
124. MOTOROLA SOLUTIONS INC   2019-10-24 2023-06-02
140. CDW CORP/DE   2019-10-24 2023-06-05
20. APPLE INC   2010-05-07 2023-06-08
4. BLACKSTONE INC   2021-11-22 2023-06-08
3. CADENCE DESIGN SYSTEMS INC   2023-06-02 2023-06-08
10. CINTAS CORP   2019-06-28 2023-06-08
95. FOX CORP - CLASS A - W/I   2022-04-20 2023-06-08
6. HOME DEPOT INC   2012-07-24 2023-06-08
2. ELI LILLY & CO   2022-02-09 2023-06-08
14. MERCK & CO INC   2022-05-11 2023-06-08
1. TELEDYNE TECHNOLOGIES INC   2020-02-21 2023-06-08
2. WEC ENERGY GROUP INC   2010-05-07 2023-06-08
335. FOX CORP - CLASS A - W/I   2022-04-28 2023-06-22
210. INTERPUBLIC GROUP COMPANIES INC   2023-03-08 2023-06-22
92. INTERPUBLIC GROUP COMPANIES INC   2020-11-25 2023-06-22
15. UNITEDHEALTH GROUP INC   2021-07-26 2023-06-22
563. UNION PACIFIC CORP   2021-09-10 2023-07-07
14. ELI LILLY & CO   2019-08-29 2023-07-10
162. VERIZON COMMUNICATIONS INC   2013-11-20 2023-07-10
4. ABBOTT LABORATORIES INC   2021-06-22 2023-07-11
1. ABBVIE INC   2020-03-13 2023-07-11
1. AMERICAN ELECTRIC POWER INC   2022-09-19 2023-07-11
2. AMERICAN WATER WORKS CO INC   2015-12-17 2023-07-11
2. BANK OF AMERICA CORP   2017-08-22 2023-07-11
2. BLACKROCK INC EXCH 10/02/2024   2022-03-17 2023-07-11
7. CHEVRON CORPORATION   2018-06-28 2023-07-11
12. CISCO SYSTEMS INC   2014-07-10 2023-07-11
5. EASTMAN CHEM CO   2022-02-15 2023-07-11
6. EXTRA SPACE STORAGE INC   2021-12-13 2023-07-11
1. HUBBELL INC   2020-09-03 2023-07-11
7. JPMORGAN CHASE & CO   2014-07-10 2023-07-11
1. LOCKHEED MARTIN CORP   2020-03-13 2023-07-11
4. MARSH & MCLENNAN COMPANIES INC   2020-03-10 2023-07-11
10. MORGAN STANLEY   2020-01-24 2023-07-11
3. NEXSTAR MEDIA GROUP INC   2022-05-24 2023-07-11
6. NEXTERA ENERGY INC   2016-03-04 2023-07-11
1. PARKER HANNIFIN CORP   2021-07-02 2023-07-11
4. PHILIP MORRIS INTERNAT-W/I   2020-01-24 2023-07-11
17. SCHLUMBERGER LTD SEDOL 2779201   2022-11-11 2023-07-11
10. SERVICE CORP INTERNATIONAL   2021-12-13 2023-07-11
30. US BANCORP DEL COM NEW   2022-03-17 2023-07-11
15000. FIDELITY REAL ESTATE ETF ETF   2020-07-14 2023-07-12
10087. ISHARES MSCI EAFE SMALL-CAP ETF   2021-05-21 2023-07-12
13394. VANGUARD REAL ESTATE ETF   2012-07-24 2023-07-12
22456.061 VANGUARD INFLATION PROTECTED SECURITIES FUND ADMIRAL SHS   2012-07-24 2023-07-13
16268.98 BLACKROCK STRATEGIC INCOME OPPORTUNITIES PORTFOLIO FD 0446   2021-05-18 2023-07-28
126691.302 TCW METROPOLITAN WEST UNCONSTRAINED BOND FUND CLASS I   2015-05-12 2023-07-28
325. AMERICAN ELECTRIC POWER INC   2022-09-19 2023-08-16
85. JOHNSON & JOHNSON   2021-07-26 2023-08-16
819. FOX CORP - CLASS A - W/I   2022-04-28 2023-08-17
17. ELI LILLY & CO   2018-10-15 2023-08-17
126. NASDAQ INC   2019-08-29 2023-08-17
11. ABBOTT LABORATORIES INC   2021-06-22 2023-08-22
2. AMERICAN WATER WORKS CO INC   2015-12-17 2023-08-22
4. APPLE INC   2020-06-16 2023-08-22
1. ESSEX PPTY TR INC REIT   2019-08-29 2023-08-22
1. HOME DEPOT INC   2014-07-10 2023-08-22
2. HUBBELL INC   2020-09-03 2023-08-22
2. MARSH & MCLENNAN COMPANIES INC   2020-03-10 2023-08-22
2. MCDONALD'S CORP   2022-06-27 2023-08-22
3. MONDELEZ INTERNATIONAL   2021-04-30 2023-08-22
14. NEXTERA ENERGY INC   2016-03-04 2023-08-22
1. PHILIP MORRIS INTERNAT-W/I   2020-01-24 2023-08-22
1. WASTE MANAGEMENT INC   2022-06-28 2023-08-22
1. ACCENTURE PLC CLASS A SEDOL B4BNMY3   2022-11-11 2023-08-22
440. DICK'S SPORTING GOODS, INC.   2023-04-12 2023-08-25
949. CVS HEALTH CORPORATION   2022-09-15 2023-09-06
236. COCA COLA CO   2022-12-06 2023-09-06
2109. COCA COLA CO   2022-06-02 2023-09-06
226. ZOETIS INC   2021-12-17 2023-09-06
261. BUNGE LIMITED MERGED 11/01/23   2021-02-23 2023-09-06
21. ZOETIS INC   2021-12-17 2023-09-07
387. CVS HEALTH CORPORATION   2022-01-14 2023-09-14
96. ESSEX PPTY TR INC REIT   2018-02-23 2023-09-14
11. ELI LILLY & CO   2018-10-15 2023-09-14
6. ABBVIE INC   2020-03-13 2023-09-26
12. EXXON MOBIL CORP   2022-11-11 2023-09-26
2. THE HERSHEY COMPANY   2022-09-01 2023-09-26
2. MCDONALD'S CORP   2022-06-27 2023-09-26
4. MERCK & CO INC   2022-11-22 2023-09-26
16. MONDELEZ INTERNATIONAL   2021-04-30 2023-09-26
2. NEXSTAR MEDIA GROUP INC   2022-05-24 2023-09-26
2. WASTE MANAGEMENT INC   2022-06-28 2023-09-26
1375. FORTINET INC   2020-07-14 2023-10-03
68. AVERY DENNISON CORP   2021-08-17 2023-10-10
89. LOCKHEED MARTIN CORP   2014-10-14 2023-10-10
95. AVERY DENNISON CORP   2021-08-17 2023-10-11
63. MCDONALD'S CORP   2022-06-27 2023-10-11
255. NASDAQ INC   2018-12-11 2023-10-11
250. NASDAQ INC   2018-12-10 2023-10-11
118. NASDAQ INC   2018-12-10 2023-10-12
242. LOCKHEED MARTIN CORP   2022-06-02 2023-10-16
13. ELI LILLY & CO   2018-10-15 2023-11-27
179. WASTE MANAGEMENT INC   2022-06-28 2023-11-27
15. TRANE TECHNOLOGIES PLC SEDOL BK9ZQ96   2023-05-15 2023-11-27
38. TRANE TECHNOLOGIES PLC SEDOL BK9ZQ96   2023-06-22 2023-11-27
86. ELI LILLY & CO   2018-09-18 2023-11-28
202. QUANTA SVCS INC   2021-01-07 2023-11-28
524. WASTE MANAGEMENT INC   2022-08-30 2023-11-28
10. AMERIPRISE FINANCIAL INC   2017-03-31 2023-11-30
33. MERCK & CO INC   2022-11-22 2023-11-30
1. UNITEDHEALTH GROUP INC   2021-07-26 2023-11-30
665. CISCO SYSTEMS INC   2013-11-20 2023-12-19
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(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 290   164 126
b 1,349   1,585 -236
c 4,095   3,594 501
d 699   961 -262
e 1,669   1,714 -45
2,300   1,834 466
28,684   28,493 191
3,644   2,160 1,484
129   121 8
9,548   5,724 3,824
710   602 108
2,128   1,756 372
49   54 -5
484   413 71
15,787   20,709 -4,922
78,795   73,572 5,223
9,183   11,383 -2,200
9,331   10,435 -1,104
24,582   30,095 -5,513
32,996   30,941 2,055
19,059   12,417 6,642
35,812   9,292 26,520
23,238   9,932 13,306
36,767   21,536 15,231
11,203   9,533 1,670
73,810   74,152 -342
60,818   85,277 -24,459
9,833   13,904 -4,071
18,209   19,707 -1,498
9     9
2     2
38,079   32,667 5,412
12,937   3,710 9,227
24,247   32,598 -8,351
7,752   11,169 -3,417
13,384   8,684 4,700
17,460   4,474 12,986
14,757   9,455 5,302
21,610   6,939 14,671
27,608   33,983 -6,375
21,899   26,151 -4,252
20,188   7,273 12,915
15,016   10,678 4,338
43,348   21,449 21,899
35,092   20,479 14,613
23,837   17,383 6,454
3,599   170 3,429
354   577 -223
684   694 -10
4,822   2,363 2,459
3,211   3,747 -536
1,809   305 1,504
890   487 403
1,543   1,254 289
394   388 6
180   51 129
11,024   12,216 -1,192
8,201   7,329 872
3,593   2,117 1,476
7,209   6,188 1,021
114,171   118,476 -4,305
6,320   1,561 4,759
5,712   8,452 -2,740
428   446 -18
135   82 53
86   100 -14
283   119 164
58   48 10
1,416   1,474 -58
1,106   880 226
623   504 119
422   616 -194
910   1,278 -368
334   147 187
1,032   389 643
465   312 153
746   411 335
852   545 307
524   506 18
430   171 259
398   309 89
393   344 49
948   928 20
653   685 -32
1,047   1,686 -639
387,141   346,800 40,341
612,048   759,699 -147,651
1,152,273   1,016,591 135,682
525,921   601,539 -75,618
150,000   163,228 -13,228
1,299,853   1,500,000 -200,147
25,780   32,508 -6,728
14,735   14,799 -64
27,175   28,320 -1,145
9,269   1,889 7,380
6,438   4,210 2,228
1,156   1,226 -70
277   119 158
709   351 358
233   320 -87
324   79 245
616   294 322
379   206 173
560   495 65
211   182 29
945   398 547
94   86 8
158   150 8
308   289 19
50,154   60,728 -10,574
62,253   97,459 -35,206
13,839   15,014 -1,175
123,667   133,377 -9,710
42,246   52,990 -10,744
28,898   20,194 8,704
3,927   4,924 -997
27,233   39,448 -12,215
21,559   22,278 -719
6,603   1,221 5,382
925   491 434
1,395   1,358 37
410   452 -42
534   495 39
422   427 -5
1,133   969 164
273   337 -64
313   299 14
79,327   36,856 42,471
12,548   14,793 -2,245
38,767   16,678 22,089
17,611   16,632 979
15,823   15,589 234
12,661   7,581 5,080
12,442   7,239 5,203
5,830   3,368 2,462
106,307   105,875 432
7,748   1,443 6,305
30,677   26,780 3,897
3,393   2,671 722
8,596   7,030 1,566
50,950   13,667 37,283
37,101   15,450 21,651
89,068   89,785 -717
3,513   1,302 2,211
3,354   3,524 -170
548   413 135
33,300   15,095 18,205
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
      194,328
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       126
b       -236
c       501
d       -262
e       -45
      466
      191
      1,484
      8
      3,824
      108
      372
      -5
      71
      -4,922
      5,223
      -2,200
      -1,104
      -5,513
      2,055
      6,642
      26,520
      13,306
      15,231
      1,670
      -342
      -24,459
      -4,071
      -1,498
      9
      2
      5,412
      9,227
      -8,351
      -3,417
      4,700
      12,986
      5,302
      14,671
      -6,375
      -4,252
      12,915
      4,338
      21,899
      14,613
      6,454
      3,429
      -223
      -10
      2,459
      -536
      1,504
      403
      289
      6
      129
      -1,192
      872
      1,476
      1,021
      -4,305
      4,759
      -2,740
      -18
      53
      -14
      164
      10
      -58
      226
      119
      -194
      -368
      187
      643
      153
      335
      307
      18
      259
      89
      49
      20
      -32
      -639
      40,341
      -147,651
      135,682
      -75,618
      -13,228
      -200,147
      -6,728
      -64
      -1,145
      7,380
      2,228
      -70
      158
      358
      -87
      245
      322
      173
      65
      29
      547
      8
      8
      19
      -10,574
      -35,206
      -1,175
      -9,710
      -10,744
      8,704
      -997
      -12,215
      -719
      5,382
      434
      37
      -42
      39
      -5
      164
      -64
      14
      42,471
      -2,245
      22,089
      979
      234
      5,080
      5,203
      2,462
      432
      6,305
      3,897
      722
      1,566
      37,283
      21,651
      -717
      2,211
      -170
      135
      18,205
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 170,193
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 52,281
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 52,281
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 52,281
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 46,741
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 30,281
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 77,022
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
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 24,741
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow24,741 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$   (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 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 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 arrowSEE FOOTNOTE
14
The books are in care ofright arrowPNC BANK NA Telephone no.right arrow (412) 747-4857

Located atright arrow116 ALLEGHENY CENTER MALLPITTSBURGHPA ZIP+4right arrow15212
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)
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 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
PNC BANK NA CO-TRUSTEE
25 		126,154    
116 ALLEGHENY CENTER MALL
PITTSBURGH,PA15212
JERRI A RYAN CO-TRUSTEE
1 		31,539    
301 GRANT ST 14TH FLR
PITTSBURGH,PA15219
JEFFREY J CONN CO-TRUSTEE
1 		31,539    
1448 PARAGON PL
PITTSVURGH,PA15241
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 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
65,928,875
b
Average of monthly cash balances.......................
1b
0
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
65,928,875
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
65,928,875
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
988,933
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
64,939,942
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,246,997
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
3,246,997
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
52,281
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
52,281
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,194,716
4
Recoveries of amounts treated as qualifying distributions................
4
241,504
5
Add lines 3 and 4............................
5
3,436,220
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
3,436,220
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
4,310,760
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
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
4,310,760
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 3,436,220
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...... 546,231
b From 2019...... 1,283,630
c From 2020...... 2,467,660
d From 2021...... 1,204,360
e From 2022...... 2,027,770
f Total of lines 3a through e ........ 7,529,651
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 4,310,760
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..... 3,436,220
e Remaining amount distributed out of corpus 874,540
5 Excess distributions carryover applied to 2023. 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 8,404,191
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) ... 		546,231
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		7,857,960
10 Analysis of line 9:
a Excess from 2019.... 1,283,630
b Excess from 2020.... 2,467,660
c Excess from 2021.... 1,204,360
d Excess from 2022.... 2,027,770
e Excess from 2023.... 874,540
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 e-mail address of the person to whom applications should be addressed:
ADDISON H GIBSON FDN ATTN REBECCA
ONE PPG PL STE 2230
PITTSBURGH,PA152225401
(412) 261-1611
bThe form in which applications should be submitted and information and materials they should include:
CONTACT FOUNDATION OFFICE FOR DETAILS OF MEDICAL OR EDUCATIONAL FINANCIAL ASSISTANCE.
cAny submission deadlines:
CONTACT FOUNDATION OFFICE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
EDUCATIONAL AWARDS ARE LIMITED TO WESTERN PENNSYLVANIA RESIDENTS CURRENTLY ENROLLED FULL-TIME AT AN ACCREDITED COLLEGE OR UNIVERSITY.
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

UNIVERSITY OF PITTSBURGH

3501 TERRACE STREET
PITTSBURGH,PA15213 		NONE PC GENERAL SUPPORT 300,727

UPMC EAST

2775 MOSSIDE BLVD
Monroeville,PW15146 		NONE PC GENERAL SUPPORT 35,000

UPMC Presbyterian Shadyside

5230 CENTRE AVE
Pittsburgh,PA15213 		NONE PC GENERAL SUPPORT 145,000

UPMC MERCY

1400 LOCUST ST
Pittsburgh,PA15219 		NONE PC GENERAL SUPPORT 55,000

Allegheny Health Network

118 NATURE PARK ROAD
Greensburg,PA15601 		NONE PC GENERAL SUPPORT 500,000

Shriners Hospital For Children

3551 N BROAD ST
Philadelphia,PA19140 		NONE PC GENERAL SUPPORT 55,551

PENN HIGLAND HEALTHCARE

100 HOSPITAL AVE
DuBois,PA15801 		NONE PC GENERAL SUPPORT 100,000

BUTLER HEALTH SYSTEM FOUNDATION

1 HOSPITAL DRIVE
Clarion,PA16214 		NONE PC GENERAL SUPPORT 97,000

NORTHWEST HOSPITAL FOUNDATION

100 FAIRFIELD DRIVE
Seneca,PA16346 		NONE PC GENERAL SUPPORT 20,000

HAMOT HEALTH FOUNDATION

302 FRENCH ST
Erie,PA16507 		NONE PC GENERAL SUPPORT 55,000

Latrobe Area Hospital

1MELLON WAY
Latrobe,PA15650 		NONE PC GENERAL SUPPORT 50,000

UPMC MCKEESPORT

1500 5TH AVE
McKeesport,PA15132 		NONE PC GENERAL SUPPORT 135,000

Exponent Philanthropy

1720 N ST NW
Washington,DC20036 		NONE PC GENERAL SUPPORT 1,630

CLARION UNIVERSITY FOUNDATION

840 WOOD STREET
CLARION,PA16214 		NONE PC GENERAL SUPPORT 200,000

SLIPPERY ROCK UNIVERSITY

1 MORROW WAY
Slippery Rock,PA16057 		NONE PC GENERAL SUPPORT 150,000

WESTMINSTER COLLEGE

319 S MARKET ST
New Wilmington,PA16170 		NONE PC GENERAL SUPPORT 200,000

Foundation for California University

250 UNIVERSITY AVENUE
California,PA15419 		NONE PC GENERAL SUPPORT 150,000

Pennsylvania State University

201 OLD MAIN
University Park,PA16801 		NONE PC GENERAL SUPPORT 150,000

Westmoreland Hospital

532 W PITTSBURGH ST
Greensburg,PA15601 		NONE PC GENERAL SUPPORT 125,000

Eye & Ear Foundation of Pittsburgh

203 LOTHROP ST
Pittsburgh,PA15213 		NONE PC GENERAL SUPPORT 100,000

Primary Care Health Services Inc

1835 CENTRE AVE
Pittsburgh,PA15219 		NONE PC GENERAL SUPPORT 100,000

ALLEGHENY COLLEGE

520 N MAIN STREET
Meadville,PA16335 		NONE PC GENERAL SUPPORT 200,000

Mercyhurst University

501 E 38TH ST
Erie,PA16546 		NONE PC GENERAL SUPPORT 150,000

Washington & Jefferson College

60 S LINCOLN ST
Washington,PA15301 		NONE PC GENERAL SUPPORT 127,551

Foundation for Indiana University of PA

1011 SOUTH DRIVE
Indiana,PA15705 		NONE PC GENERAL SUPPORT 150,000

Clarion Hospital Foundation

1 HOSPITAL DRIVE
Pittsburgh,PA15212 		NONE PC GENERAL SUPPORT 50,000

Highlands Hospital Foundation

401 E MURPHY AVE
Connellsville,PA15425 		NONE PC GENERAL SUPPORT 100,000

MONONGAHELA VALLEY HOSPITAL INC

1163 COUNTRY CLUB RD
MONONGAHELA,PA150631013 		NONE PC MEDICAL BLOCK GRANT 150,000

Robert Morris University

6001 UNIVERSITY BLVD
MOON TOWNSHIP,PA151082574 		NONE PC EDUCATION BLOCK GRANT 150,000

MAGEE-WOMENS RESEARCH INSTITUTE
AND FOUNDATION
3339 WARD ST
PITTSBURGH,PA152134430 		NONE PC GENERAL SUPPORT 55,000
Total .................................right arrow 3a 3,857,459
bApproved for future payment
Total ................................. right arrow 3b  
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 1,188,663  
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 ............ 		    18 170,193  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aROYALTY INCOME 		    14 2,353,988  
bLEGAL SETTLEMENT I     1 120,000  
cSECTION 897 CAPITA     1 165  
dFEDERAL TAX REFUND     1 3,437  
eRENTAL INCOME     14 190,580  
fSTUDENT LOAN INTER     14   50,177
12 Subtotal. Add columns (b), (d), and (e) ..   4,027,026 50,177
13Total. Add line 12, columns (b), (d), and (e)..................
13
4,077,203
(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.)
11 STUDENT LOAN REPAYMENTS
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:
ADDISON GIBSON FOUNDATION
EIN:
25-0965379
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC 37,050     37,050

TY 2023 InvestmentsCorpStockSchedule
Name:
ADDISON GIBSON FOUNDATION
EIN:
25-0965379
Name of Stock End of Year Book Value End of Year Fair Market Value
125523100 THE CIGNA GROUP 40,283 49,709
126650100 CVS HEALTH CORPORATI    
166764100 CHEVRON CORPORATION 160,176 176,605
172908105 CINTAS CORP 93,036 197,672
297178105 ESSEX PPTY TR INC RE    
369550108 GENERAL DYNAMICS COR    
437076102 HOME DEPOT INC 34,420 213,128
443510607 HUBBELL INC 24,588 54,931
460690100 INTERPUBLIC GROUP CO 78,973 104,513
478160104 JOHNSON & JOHNSON 60,905 69,279
512807108 LAM RESEARCH CORP 53,314 131,588
532457108 ELI LILLY & CO 62,337 338,677
539830109 LOCKHEED MARTIN CORP    
571748102 MARSH & MCLENNAN COM 27,946 55,515
580135101 MCDONALD'S CORP 127,865 167,825
594918104 MICROSOFT CORP 119,646 881,062
609207105 MONDELEZ INTERNATION 25,979 31,072
617446448 MORGAN STANLEY 86,230 151,158
620076307 MOTOROLA SOLUTIONS I 80,605 151,222
631103108 NASDAQ INC    
713448108 PEPSICO INC 153,868 165,764
718172109 PHILIP MORRIS INTERN 154,468 150,434
742718109 PROCTER & GAMBLE CO 109,841 158,410
863667101 STRYKER CORP 77,680 110,501
879360105 TELEDYNE TECHNOLOGIE 65,572 75,423
902973304 US BANCORP DEL COM N 34,905 33,196
911312106 UNITED PARCEL SERVIC 41,190 39,308
34959E109 FORTINET INC    
89151E109 TOTALENERGIES SE 42,205 61,720
00287Y109 ABBVIE INC 137,348 236,484
02079K305 ALPHABET INC/CA-CL A 67,874 444,494
03076C106 AMERIPRISE FINANCIAL 20,637 60,393
09247X101 BLACKROCK INC 142,101 159,925
11135F101 BROADCOM INC 94,503 351,619
12514G108 CDW CORP/DE 87,299 135,028
17275R102 CISCO SYSTEMS INC    
20030N101 COMCAST CORPORATION 64,223 129,840
22160K105 COSTCO WHOLESALE COR 49,982 141,257
22822V101 CROWN CASTLE INC    
30225T102 EXTRA SPACE STORAGE 24,445 46,496
30303M102 META PLATFORMS INC 142,350 281,752
46625H100 JPMORGAN CHASE & CO 86,064 305,500
58933Y105 MERCK & CO INC 207,505 294,899
65339F101 NEXTERA ENERGY INC 17,019 42,275
78409V104 S&P GLOBAL INC 31,572 120,262
89832Q109 TRUIST FINANCIAL COR    
91324P102 UNITEDHEALTH GROUP I 125,645 297,982
92343V104 VERIZON COMMUNICATIO 17,180 13,082
92826C839 VISA INC CLASS A SHA 51,269 186,931
92939U106 WEC ENERGY GROUP INC 56,106 91,745
G1151C101 ACCENTURE PLC CLASS 95,297 179,666
002824100 ABBOTT LABORATORIES 180,408 194,714
009158106 AIR PRODUCTS & CHEMI 104,552 125,674
023135106 AMAZON COM INC 252,140 403,401
030420103 AMERICAN WATER WORKS 36,511 74,178
037833100 APPLE INC 49,236 755,103
053332102 AUTOZONE INC 32,102 116,352
053611109 AVERY DENNISON CORP    
060505104 BANK OF AMERICA CORP 170,976 213,165
09260D107 BLACKSTONE INC 120,461 108,664
244199105 DEERE & CO 101,221 126,759
277432100 EASTMAN CHEM CO 56,454 50,299
30231G102 EXXON MOBIL CORP 167,179 263,347
38141G104 GOLDMAN SACHS GROUP    
427866108 THE HERSHEY COMPANY 30,102 30,390
57636Q104 MASTERCARD INC CL A 143,861 187,664
701094104 PARKER HANNIFIN CORP 27,779 41,463
74762E102 QUANTA SVCS INC 37,555 105,958
806857108 SCHLUMBERGER LTD SED 112,208 161,480
817565104 SERVICE CORP INTERNA 35,793 36,073
874039100 TAIWAN SEMICONDUCTOR 100,624 90,792
907818108 UNION PACIFIC CORP    
98978V103 ZOETIS INC 95,004 93,751
G16962105 BUNGE LIMITED    
G1890L107 CAPRI HLDGS LTD SEDO    
025537101 AMERICAN ELECTRIC PO    
191216100 COCA COLA CO 39,067 35,653
35137L105 FOX CORP - CLASS A - 82,163 62,218
65336K103 NEXSTAR MEDIA GROUP 39,468 36,836
94106L109 WASTE MANAGEMENT INC    
H1467J104 CHUBB LTD SEDOL B3BQ 144,511 165,206
031162100 AMGEN INC 44,260 47,523
101137107 BOSTON SCIENTIFIC CO 108,323 115,736
12572Q105 CME GROUP INC A DERI 30,982 30,116
126408103 CSX CORP 159,345 165,827
127387108 CADENCE DESIGN SYSTE 92,158 120,660
150870103 CELANESE CORP 70,520 99,437
438516106 HONEYWELL INTL INC 169,577 189,788
452308109 ILLINOIS TOOL WORKS 134,687 146,163
693718108 PACCAR INC 39,579 51,950
74340W103 PROLOGIS INC 28,022 30,659
816851109 SEMPRA 29,227 30,490
81762P102 SERVICE NOW INC 114,321 146,950
828806109 SIMON PROPERTY GROUP 29,559 36,088
833034101 SNAP ON INC 29,045 31,195
872540109 TJX COMPANIES INC NE 126,322 146,344
89417E109 THE TRAVELERS COS IN 21,872 22,859
G8994E103 TRANE TECHNOLOGIES P 24,039 32,927
H11356104 BUNGE GLOBAL SA SEDO 52,382 68,545

TY 2023 InvestmentsOtherSchedule2
Name:
ADDISON GIBSON FOUNDATION
EIN:
25-0965379
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
256210105 DODGE & COX INCOME F AT COST 1,952,976 1,757,154
316092857 FIDELITY REAL ESTATE      
412295107 HARDING LOEVNER INTE AT COST 823,287 1,294,936
412295305 HARDING LOEVNER EMER AT COST 421,801 376,591
464287473 ISHARES RUSSELL MID- AT COST 2,343,215 2,631,410
464287481 ISHARES RUSSELL MID- AT COST 2,632,052 2,979,304
464287499 ISHARES RUSSELL MID- AT COST 607,763 1,399,140
464287648 ISHARES RUSSELL 2000 AT COST 1,124,157 1,070,422
464287655 ISHARES RUSSELL 2000 AT COST 1,346,094 1,316,055
464288273 ISHARES MSCI EAFE SM AT COST 1,594,203 1,418,253
592905749 METROPOLITAN WEST UN      
921937603 VANGUARD TOTAL BD MK AT COST 1,522,675 1,347,706
921939203 VANGUARD INTERNATION AT COST 955,000 1,109,858
922031737 VANGUARD INFLATION P      
922042858 VANGUARD FTSE EMERGI AT COST 130,290 123,300
922908553 VANGUARD REAL ESTATE      
02508F745 AMER CENT SM CAP VAL AT COST 1,798,865 1,885,161
09260B382 BLACKROCK STRATEGIC AT COST 1,231,616 1,144,759
46434G103 ISHARES CORE MSCI EM AT COST 1,551,508 1,284,530
74256W584 PRINCIPAL MIDCAP FUN AT COST 615,000 1,019,670
89609H704 TRIBUTARY SMALL COMP AT COST 200,000 218,738
057071854 BAIRD AGGREGATE BOND AT COST 3,550,000 3,278,264
066922204 ISHARES S&P 500 INDE AT COST 2,461,814 5,430,878
741479406 T ROWE PR GROWTH STO AT COST 2,764,072 4,042,490
779562206 T ROWE PR NEW HORIZO AT COST 1,040,942 949,455
957663669 WESTERN ASSET CORE P AT COST 1,799,819 1,477,418
09248U619 BLACKROCK TEMP INV F AT COST 1,200,000 1,200,720
46434V456 ISHARES MSCI INTL QU AT COST 1,019,587 1,070,986
97717X669 WISDOMTREE U.S. QUAL AT COST 1,719,501 1,775,484

TY 2023 LegalFeesSchedule
Name:
ADDISON GIBSON FOUNDATION
EIN:
25-0965379
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES - PRINCIPAL (ALLOCA 86,751     86,751


TY 2023 OtherAssetsSchedule
Name:
ADDISON GIBSON FOUNDATION
EIN:
25-0965379
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
XXX-XX-XXXX 50% INT IN 640 ACRES 16,000 16,000 144,000
XXX-XX-XXXX 50% INT. IN 640 ACRE 16,000 16,000 144,000
XXX-XX-XXXX 50% INT. IN 640 ACRE 14,400 14,400 144,000
XXX-XX-XXXX 50% INT. IN 640 ACRE 14,400 14,400 144,000
XXX-XX-XXXX STUDENTS LOANS PARTI 2,140,431 1,905,129 1,905,129
XXX-XX-XXXX 1/4 RI IN 640 A S268 100 100 1,402,944
XXX-XX-XXXX 1/4 RI IN 640 A S280 100 100 5,579,469
XXX-XX-XXXX 1/2 INT IN 1/8 OF 7/ 100 100 100
XXX-XX-XXXX 1/2 RI IN 640 A, SEC 100 100 1,624,307
XXX-XX-XXXX 1/2 RI IN 640 A, SEC 100 100 7,951,601


TY 2023 OtherDecreasesSchedule
Name:
ADDISON GIBSON FOUNDATION
EIN:
25-0965379
Description Amount
RETURN OF CAPITAL ADJUSTMENT 21,643
2023 TRANSACTION POSTED IN 2024 36,670
ADJUSTMENT TO INCOME 38
COST BASIS ADJUSTMENT 8,789


TY 2023 OtherExpensesSchedule
Name:
ADDISON GIBSON FOUNDATION
EIN:
25-0965379
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
GRANTMAKING FEES 174,645 0   174,645
LIABILITY INSURANCE FEES 4,269 4,269   0
ADR SERVICE FEES 41 41   0
CLASS ACTION FILING FEES 12 12   0
OTHER CHARITABLE MISC EXPENSE 28,545 0   28,545
NSF SERVICE FEES 155 0   155


TY 2023 OtherIncomeSchedule2
Name:
ADDISON GIBSON FOUNDATION
EIN:
25-0965379
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
ROYALTY INCOME 2,353,988 2,353,988  
INCOME FROM LEGAL SETTLEMENT 120,000 120,000  
FEDERAL TAX REFUND 3,437 0  
SECTION 897 CAPITAL GAIN 165 165  
RENTAL INCOME 190,580 190,580  
STUDENT LOAN INTEREST RECEIVED 50,177 50,177  


TY 2023 OtherIncreasesSchedule
Name:
ADDISON GIBSON FOUNDATION
EIN:
25-0965379
Description Amount
2022 TRANSACTION POSTED IN 2023 26,281
RECOVERY OF PRIOR YEAR FEES 6,201


TY 2023 TaxesSchedule
Name:
ADDISON GIBSON FOUNDATION
EIN:
25-0965379
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 1,750 1,750   0
STATE INTANGIBLE TAXES 300 300   0
PRIOR YEAR - FEDERAL PAYMENT 22,754 0   0
FEDERAL TAX ESTIMATED PAYMENTS 15,899 0   0
FOREIGN TAXES ON Q DIVS 13,948 13,948   0
FOREIGN TAXES ON NQ DIVS 6,806 6,806   0
REAL ESTATE TAXES PAID 9,366 9,366   0
MINERAL INT-PRODUCTION TAX 192,147 192,147   0