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
HOYT CHARITABLE FOUNDATION F SHERMAN HOYT &
 
Number and street (or P.O. box number if mail is not delivered to street address)1100 NORTH MARKET STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WILMINGTON, DE198900001
A Employer identification number

04-3554961
B Telephone number (see instructions)

(716) 651-4910
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$1,036,227J 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 1,821 1,821  
4 Dividends and interest from securities... 24,743 24,615  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 306,545
b Gross sales price for all assets on line 6a 680,102
7 Capital gain net income (from Part IV, line 2)... 306,545
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).......      
12 Total. Add lines 1 through 11........ 333,109 332,981  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
2,500 1,250 0 1,250
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
11,355 11,355   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
831 476   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
35     35
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 14,721 13,081 0 1,285
25 Contributions, gifts, grants paid....... 53,725 53,725
26 Total expenses and disbursements. Add lines 24 and 25 68,446 13,081 0 55,010
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 264,663
b Net investment income (if negative, enter -0-) 319,900
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.............   1,146 1,146
2 Savings and temporary cash investments......... 47,899 25,295 25,295
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)....... 382,128 Click to see attachment
List of Attached Documents:
// Content
687,493 		847,160
c Investments—corporate bonds (attach schedule)....... 179,902 Click to see attachment
List of Attached Documents:
// Content
160,333 		162,626
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)..........     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) 609,929 874,267 1,036,227
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........ 609,929 874,267
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)..... 609,929 874,267
30 Total liabilities and net assets/fund balances (see instructions). 609,929 874,267
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
609,929
2
Enter amount from Part I, line 27a .....................
2
264,663
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
437
4
Add lines 1, 2, and 3 ..........................
4
875,029
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
762
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
874,267
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 3. ADOBE SYSTEMS INCORPORATED   2020-04-02 2023-09-22
b 5. ADOBE SYSTEMS INCORPORATED   2020-04-02 2023-09-22
c 26.159 AB CONCENTRATED GR FD CL ADV     2023-12-26
d 18. ALLSTATE CORP   2018-07-10 2023-09-22
e 30. ALLSTATE CORP   2017-04-03 2023-09-22
69. ALPHABET INC CL C   2013-10-09 2023-09-22
90. ALPHABET INC CL C   2012-11-13 2023-09-22
40. ALPHABET INC CL A   2013-10-09 2023-09-22
11. AMAZON.COM INCORPORATED   2020-04-02 2023-09-22
33. AMAZON.COM INCORPORATED   2020-04-02 2023-09-22
5. AMERICAN ELECTRIC POWER INCORPORATED   2020-04-02 2023-09-22
11. AMERICAN ELECTRIC POWER INCORPORATED   2020-04-02 2023-09-22
12. AMERICAN TOWER CORP CL A   2013-09-18 2023-09-22
23. AMERICAN TOWER CORP CL A   2013-10-09 2023-09-22
18. ANALOG DEVICES INC   2010-06-04 2023-09-22
48. ANALOG DEVICES INC   2010-06-04 2023-09-22
10. ELEVANCE HEALTH INC   2020-04-02 2023-09-22
13. ELEVANCE HEALTH INC   2017-04-03 2023-09-22
2. ELEVANCE HEALTH INC   2020-04-02 2023-12-14
4. ELEVANCE HEALTH INC   2017-04-03 2023-12-14
136. APPLE COMPUTER INC COMMON   2013-09-18 2023-09-22
186. APPLE COMPUTER INC COMMON   2013-09-18 2023-09-22
1. AVALONBAY COMMUNITIES INC   2021-02-19 2023-09-22
3. AVALONBAY COMMUNITIES INC   2021-02-19 2023-09-22
2. BANK AMER CORP COM   2020-04-02 2023-09-22
5. BLACKROCK INCORPORATED CLASS A   2020-04-02 2023-09-22
8. BLACKROCK INCORPORATED CLASS A   2020-04-02 2023-09-22
1. BOOKING HOLDINGS INC   2013-02-04 2023-09-22
1. BOOKING HOLDINGS INC   2013-02-04 2023-09-22
5. BROADCOM INC   2020-04-02 2023-09-22
9. BROADCOM INC   2020-04-02 2023-09-22
35. CVS CORP COMMON   2020-04-02 2023-09-22
62. CVS CORP COMMON   2020-04-02 2023-09-22
18. CHEVRONTEXACO CORP   2020-04-02 2023-09-22
33. CHEVRONTEXACO CORP     2023-09-22
40. CISCO SYS INC COM   2014-06-06 2023-09-22
107. CISCO SYS INC COM     2023-09-22
61. COMCAST CORP NEW A   2012-04-05 2023-09-22
108. COMCAST CORP NEW A   2012-04-05 2023-09-22
8. COSTCO WHOLESALE CORP COM   2020-04-02 2023-09-22
12. COSTCO WHOLESALE CORP COM   2020-04-02 2023-09-22
15. DANAHER CORPORATION   2012-06-26 2023-09-22
34. DANAHER CORPORATION   2012-06-26 2023-09-22
28. EOG RESOURCES INC COM   2020-04-02 2023-09-22
50. EOG RESOURCES INC COM   2020-04-02 2023-09-22
30. FEDEX CORPORATION     2023-09-22
58. FEDEX CORPORATION   2020-04-02 2023-09-22
.3333 GE HEALTHCARE TECHNOLOGIES INC   2012-11-13 2023-01-13
.3333 GE HEALTHCARE TECHNOLOGIES INC   2012-11-13 2023-01-13
12. GE HEALTHCARE TECHNOLOGIES INC   2012-11-13 2023-01-31
10. GE HEALTHCARE TECHNOLOGIES INC   2012-11-13 2023-01-31
84.572 HARBOR LG-CAP VALUE FD CL RET     2023-12-26
56.313 WCM FOCUSED INT'L GR FR CL INSTL     2023-12-26
320. ISHARES CORE U.S. AGGREGATE     2023-09-22
100. ISHARES CORE U.S. AGGREGATE   2013-09-18 2023-09-22
500. ISHARES CORE U.S. AGGREGATE     2023-09-22
255. ISHARES MSCI EAFE ETF   2008-12-24 2023-09-22
165. ISHARES MSCI EAFE ETF   2016-10-10 2023-09-22
475. ISHARES MSCI EAFE ETF     2023-09-22
170. ISHARES COHEN & STEERS REIT ETF   2013-03-07 2023-09-22
6. ISHARES RUSSELL 1000 GROWTH ETF   2023-09-22 2023-12-20
103. ISHARES RUSSELL 2000 ETF   2020-03-19 2023-09-22
130. ISHARES RUSSELL 2000 ETF   2020-03-19 2023-09-22
14. ISHARES MSCI USA QUALITY FACTOR ETF   2023-09-22 2023-12-20
66. ISHARES CORE MSCI EAFE ETF   2018-09-25 2023-09-22
275. ISHARES GLOBAL REIT ETF   2020-03-13 2023-09-22
42. J P MORGAN CHASE & CO COM     2023-09-22
75. J P MORGAN CHASE & CO COM   2012-04-05 2023-09-22
12. JOHNSON & JOHNSON COMMON ~   2014-06-06 2023-09-22
22. JOHNSON & JOHNSON COMMON ~     2023-09-22
2. LOCKHEED MARTIN CORP COMMON   2020-04-02 2023-09-22
4. LOCKHEED MARTIN CORP COMMON   2020-04-02 2023-09-22
27. MASTERCARD INC CL A   2014-05-07 2023-09-22
47. MASTERCARD INC CL A   2014-05-07 2023-09-22
7. MCDONALD'S CORP COM   2020-04-02 2023-09-22
12. MCDONALD'S CORP COM   2009-07-30 2023-09-22
22. MERCK & CO INC   2012-02-03 2023-09-22
52. MERCK & CO INC   2012-02-03 2023-09-22
54. METLIFE INCORPORATED   2020-04-02 2023-09-22
80. METLIFE INCORPORATED   2017-04-03 2023-09-22
33. MICROSOFT CORP COMMON   2020-04-02 2023-09-22
64. MICROSOFT CORP COMMON   2020-04-02 2023-09-22
33. ORACLE CORPORATION   2006-02-21 2023-09-22
85. ORACLE CORPORATION   2006-02-21 2023-09-22
5. ORACLE CORPORATION   2006-02-21 2023-12-14
9. ORACLE CORPORATION   2006-02-21 2023-12-14
21. PEPSICO INC COMMON ~   2012-06-26 2023-09-22
38. PEPSICO INC COMMON ~   2012-06-26 2023-09-22
6. PEPSICO INC COMMON ~   2012-06-26 2023-12-14
10. PEPSICO INC COMMON ~   2012-06-26 2023-12-14
26. PFIZER INCORPORATED   2020-04-02 2023-09-22
64. PFIZER INCORPORATED   2017-04-03 2023-09-22
9. PFIZER INCORPORATED   2023-10-05 2023-12-14
22. PFIZER INCORPORATED   2020-04-02 2023-12-14
14. PFIZER INCORPORATED   2023-10-05 2023-12-14
36. PFIZER INCORPORATED   2017-04-03 2023-12-14
9. PROCTER & GAMBLE CO COM   2018-07-10 2023-09-22
15. PROCTER & GAMBLE CO COM   2020-04-02 2023-09-22
20. RTX CORPORATION   2009-05-21 2023-09-22
45. RTX CORPORATION   2009-05-21 2023-09-22
8. SHERWIN WILLIAMS CO COM   2020-04-02 2023-09-22
12. SHERWIN WILLIAMS CO COM   2020-04-02 2023-09-22
7. TARGET CORP COM   2020-04-02 2023-09-22
13. TARGET CORP COM   2020-04-02 2023-09-22
11. UNION PACIFIC CORP COM   2012-06-01 2023-09-22
12. UNION PACIFIC CORP COM   2012-06-01 2023-09-22
21. VALERO ENERGY CORPORATION NEW   2020-04-02 2023-09-22
37. VALERO ENERGY CORPORATION NEW   2020-04-02 2023-09-22
1275.387 VANGUARD SHORT-TERM INV GRD CL ADML     2023-09-22
3. VERALTO CORPORATION   2012-06-26 2023-10-05
5. VERALTO CORPORATION   2012-06-26 2023-10-05
201.284 WILMINGTON REAL ASSET FUND-I   2021-03-09 2023-09-22
382.802 WILMINGTON BROAD MARKET BOND FUND -I   2021-02-22 2023-12-22
703.531 WILMINGTON BROAD MARKET BOND FUND -I   2022-11-25 2023-12-22
7. ACCENTURE PLC- CL A   2020-04-02 2023-09-22
11. ACCENTURE PLC- CL A   2020-04-02 2023-09-22
8. JOHNSON CONTROLS INTERNATIONAL PLC   2021-02-19 2023-09-22
13. JOHNSON CONTROLS INTERNATIONAL PLC   2021-02-19 2023-09-22
1. MEDTRONIC PLC   2020-04-02 2023-09-22
3. MEDTRONIC PLC   2020-04-02 2023-09-22
17. MEDTRONIC PLC   2020-04-02 2023-10-09
28. MEDTRONIC PLC   2020-04-02 2023-10-09
6. WILLIS TOWERS WATSON PLC   2020-04-02 2023-09-22
10. WILLIS TOWERS WATSON PLC   2020-04-02 2023-09-22
4. WILLIS TOWERS WATSON PLC   2020-04-02 2023-12-14
7. WILLIS TOWERS WATSON PLC   2020-04-02 2023-12-14
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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 1,548   904 644
b 2,579   1,507 1,072
c 1,377   1,254 123
d 2,052   1,686 366
e 3,420   2,438 982
9,144   1,474 7,670
11,927   1,499 10,428
5,261   855 4,406
1,439   1,051 388
4,318   3,154 1,164
397   382 15
873   841 32
2,008   907 1,101
3,848   1,653 2,195
3,172   523 2,649
8,458   1,394 7,064
4,503   2,092 2,411
5,854   2,168 3,686
953   418 535
1,906   667 1,239
23,968   2,259 21,709
32,780   3,089 29,691
178   178  
535   535  
55   41 14
3,324   2,117 1,207
5,318   3,388 1,930
3,076   683 2,393
3,076   683 2,393
4,127   1,175 2,952
7,428   2,115 5,313
2,507   1,918 589
4,441   3,398 1,043
2,994   1,360 1,634
5,489   3,655 1,834
2,142   993 1,149
5,729   3,402 2,327
2,778   899 1,879
4,918   1,592 3,326
4,494   2,300 2,194
6,740   3,450 3,290
3,760   571 3,189
8,522   1,295 7,227
3,408   1,069 2,339
6,085   1,909 4,176
7,841   4,546 3,295
15,159   6,642 8,517
22   39 -17
22   39 -17
837   1,388 -551
697   1,157 -460
1,820   1,723 97
1,280   1,163 117
30,393   32,465 -2,072
9,498   10,690 -1,192
47,488   50,789 -3,301
17,861   10,900 6,961
11,557   9,710 1,847
33,270   20,935 12,335
8,812   6,966 1,846
1,809   1,616 193
18,246   10,787 7,459
23,029   13,615 9,414
2,052   1,867 185
4,319   4,283 36
6,019   5,896 123
6,142   1,823 4,319
10,967   3,346 7,621
1,932   1,237 695
3,542   2,613 929
831   699 132
1,663   1,399 264
10,935   1,989 8,946
19,035   3,463 15,572
1,910   1,110 800
3,275   671 2,604
2,348   804 1,544
5,549   1,900 3,649
3,494   1,509 1,985
5,177   3,739 1,438
10,536   5,050 5,486
20,434   9,795 10,639
3,617   407 3,210
9,315   1,049 8,266
504   62 442
907   111 796
3,689   1,452 2,237
6,675   2,627 4,048
1,021   415 606
1,702   691 1,011
849   802 47
2,091   2,076 15
236   299 -63
578   679 -101
368   465 -97
945   1,168 -223
1,373   711 662
2,288   1,701 587
1,435   575 860
3,230   1,295 1,935
2,037   1,164 873
3,056   1,745 1,311
803   658 145
1,491   1,223 268
2,307   595 1,712
2,516   649 1,867
3,052   870 2,182
5,378   1,533 3,845
12,677   13,684 -1,007
220   40 180
366   67 299
2,663   3,009 -346
3,361   3,897 -536
6,177   6,079 98
2,221   1,096 1,125
3,489   1,722 1,767
441   448 -7
717   728 -11
81   86 -5
242   257 -15
1,269   1,454 -185
2,091   2,395 -304
1,282   949 333
2,136   1,581 555
955   632 323
1,671   1,107 564
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
      3,870
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       644
b       1,072
c       123
d       366
e       982
      7,670
      10,428
      4,406
      388
      1,164
      15
      32
      1,101
      2,195
      2,649
      7,064
      2,411
      3,686
      535
      1,239
      21,709
      29,691
       
       
      14
      1,207
      1,930
      2,393
      2,393
      2,952
      5,313
      589
      1,043
      1,634
      1,834
      1,149
      2,327
      1,879
      3,326
      2,194
      3,290
      3,189
      7,227
      2,339
      4,176
      3,295
      8,517
      -17
      -17
      -551
      -460
      97
      117
      -2,072
      -1,192
      -3,301
      6,961
      1,847
      12,335
      1,846
      193
      7,459
      9,414
      185
      36
      123
      4,319
      7,621
      695
      929
      132
      264
      8,946
      15,572
      800
      2,604
      1,544
      3,649
      1,985
      1,438
      5,486
      10,639
      3,210
      8,266
      442
      796
      2,237
      4,048
      606
      1,011
      47
      15
      -63
      -101
      -97
      -223
      662
      587
      860
      1,935
      873
      1,311
      145
      268
      1,712
      1,867
      2,182
      3,845
      -1,007
      180
      299
      -346
      -536
      98
      1,125
      1,767
      -7
      -11
      -5
      -15
      -185
      -304
      333
      555
      323
      564
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 306,545
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 4,447
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 4,447
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 4,447
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 500
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 3,947
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 4,447
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  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow0 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 arrowMA
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 arrowM&T BANK ATTN MARK BOVA Telephone no.right arrow (716) 651-4910

Located atright arrow626 COMMERCE DRIVE - 3RD FLOORAMHERSTNY ZIP+4right arrow14228
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
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
F SHERMAN HOYT Trustee
1 		0    
MT BANK MARK BOVA 626 COMMERCE D
AMHERST,NY14228
MARIAN H MORGAN Trustee
1 		0    
MT BANK MARK BOVA 626 COMMERCE D
AMHERST,NY14228
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
947,197
b
Average of monthly cash balances.......................
1b
38,360
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
985,557
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
985,557
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
14,783
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
970,774
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
48,539
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
48,539
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
4,447
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
4,447
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
44,092
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
44,092
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
44,092
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
55,010
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
55,010
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 44,092
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...... 0
b From 2019...... 3,542
c From 2020...... 2,104
d From 2021...... 0
e From 2022...... 0
f Total of lines 3a through e ........ 5,646
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 55,010
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..... 44,092
e Remaining amount distributed out of corpus 10,918
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 16,564
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) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		16,564
10 Analysis of line 9:
a Excess from 2019.... 3,542
b Excess from 2020.... 2,104
c Excess from 2021.... 0
d Excess from 2022.... 0
e Excess from 2023.... 10,918
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
NONE
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
NONE
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or 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

THE VICTORIA MANSION
ATTN TIM BROSNIHAN
109 DANFORTH ST
PORTLAND,ME04101 		NONE PC CONSULTATION & CONSERVATION 6,500

GREATER PORTLAND LANDMARKS

PO BOX 17533
PORTLAND,ME04112 		NONE PC GENERAL PURPOSE 1,500

MAINE PRESERVATION
ATTN TOBEY SCOTT PAST PRESIDENT
PO BOX 488
YARMOUTH,ME04096 		NONE PC GENERAL PURPOSE 500

THE PORTLAND MUSEUM OF ART

7 CONGRESS SQUARE
PORTLAND,ME04101 		NONE PC GENERAL PURPOSE 10,000

MAINE ISLAND TRAIL ASSOCIATION

100 KENSINGTON ST 2ND FLOOR
PORTLAND,ME04103 		NONE PC SUPPORT THE ORGANIZATION 100

MAINE MARITIME ACADEMY

1 PLEASANT ST
CASTINE,ME04420 		NONE PC SCHOONER BOWDOIN ARCTIC 15,000

GREEN MOUNTAIN VALLEY SCHOOL

271 MOULTON RD
WAITSFIELD,VT05673 		NONE PC GENERAL PURPOSE 1,000

PHILIPS ANDOVER ACADEMY

180 MAIN STREET
ANDOVER,MA01810 		NONE PC GENERAL PURPOSE 200

CROSSROADS FOR KIDS

119 MYRTLE STREET
DUXBURY,MA02332 		NONE PC GENERAL PURPOSE 500

WILLIAMS COLLEGE

880 MAIN ST
WILLIAMSTOWN,MA01267 		NONE PC GENERAL PURPOSE 200

PLIMOUTH PATUXET MUSEUM

137 WARREN AVE
PLYMOUTH,MA02360 		NONE PC GENERAL PURPOSE 1,000

THE AMERICAN COLLEGE OF GREECE

31 STATE ST 4TH FLR
BOSTON,MA02109 		NONE PC GENERAL PURPOSE 1,000

SOUTH SHORE CONSERVATORY

1 CONSERVATORY DRIVE
HINGHAM,MA02043 		NONE PC GENERAL PURPOSE 4,000

PROJECT GURNET AND BUG LIGHT

P O BOX 2167
DUXBURY,MA02331 		NONE PC GENERAL PURPOSE 200

WILDLANDS TRUST

PO BOX 2282
DUXBURY,MA02331 		NONE PC GENERAL PURPOSE 500

DUXBURY BAY MARITIME SCHOOL

479 WASHINGTON STREET
DUXBURY,MA02331 		NONE PC GENERAL PURPOSE 1,000

JONES RIVER LANDING

55 LANDING ROAD
KINGSTON,MA02364 		NONE PC GENERAL PURPOSE 200

HURRICANE ISLAND OUTWARD BOUND SCHOOL

PO BOX 800
CAMDEN,ME04843 		NONE PC GENERAL PURPOSE 500

DUXBURY RURAL & HISTORICAL SOCIETY

479 WASHINGTON STREET
DUXBURY,MA02331 		NONE PC GENERAL PURPOSE 200

ALDEN KINDRED OF AMERICA

105 ALDEN STREET
DUXBURY,MA02332 		NONE PC GENERAL PURPOSE 200

CONSERVATION LAW FOUNDATION

62 SUMMER STREET
BOSTON,MA02110 		NONE PC GENERAL PURPOSE 100

THE METROPOLITAN OPERA GUILD

30 LINCOLN CENTER PLAZA
NEW YORK,NY10133 		NONE PC GENERAL PURPOSE 2,750

CHEBEAGUE ISLAND COMMUNITY ASSOC (CICA)

37 CHAMPAGNE LN
LISBON,ME04250 		NONE PC THE MACBETH FREE CONCERT 100

BETH ISRAEL DEACONESS HOSPITAL - PLYMOUT

275 SANDWICH STREET
PLYMOUTH,MA02360 		NONE PC GENERAL PURPOSE 1,000

Maine Public Broadcasting Corporation

PO BOX 11426
PORTLAND,ME041047425 		NONE PC GENERAL PURPOSE 250

PLYMOUTH PHILHARMONIC

P O BOX 3174
PLYMOUTH,MA02361 		NONE PC GENERAL PURPOSE 300

HARVARD BUSINESS SCHOOL ASSOCIATION

117 WESTERN AVENUE
ALLSTON,MA02134 		NONE PC GENERAL PURPOSE 200

THE ROZALIA PROJECT

PO BOX 3075
BURLINGTON,VT05408 		NONE PC GENERAL 1,000

TEMPOART PORTLAND

PO BOX 4101
PORTLAND,ME04101 		NONE PC GENERAL PURPOSE 225

DUXBURY BEACH RESERVATION

309 GURNET ROAD
DUXBURY,MA02332 		NONE PC GENERAL PURPOSE 1,000

THE RECOMPENSE FUND

PO BOX 42
CHEBEAGUE ISLAND,ME04017 		NONE PC GENERAL PURPOSE 1,000

Chebeague Island Fire & Rescue
Association
192 NORTH RD
CHEBEAGUE ISLAND,ME04017 		NONE PC SUPPORT THE ORGANIZATION 1,000

THE PORTLAND BALLET

517 FORST AVE
PORTLAND,ME04101 		NONE PC SUPPORT THE ORGANIZATION 500
Total .................................right arrow 3a 53,725
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 ........... 		    14 1,821  
4 Dividends and interest from securities ....     14 24,743  
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 ............ 		    18 306,545  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   333,109  
13Total. Add line 12, columns (b), (d), and (e)..................
13
333,109
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
HOYT CHARITABLE FOUNDATION F SHERMAN HOYT &
EIN:
04-3554961
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREP FEE 2,500 1,250   1,250

TY 2023 InvestmentsCorpBondsSchedule
Name:
HOYT CHARITABLE FOUNDATION F SHERMAN HOYT &
EIN:
04-3554961
Name of Bond End of Year Book Value End of Year Fair Market Value
24524282 AMERICAN BEACON SIM H 30,599 29,782
464287226 ISHARES CORE U.S. AG    
4812C0159 JPMORGAN MTG-BACKED 16,365 16,926
592905509 METWEST TOTAL RETURN 62,227 63,079
922031836 VANGUARD SHORT-TERM    
97181C811 WILMINGTON BROAD MAR 51,142 52,839

TY 2023 InvestmentsCorpStockSchedule
Name:
HOYT CHARITABLE FOUNDATION F SHERMAN HOYT &
EIN:
04-3554961
Name of Stock End of Year Book Value End of Year Fair Market Value
G1151C101 ACCENTURE PLC- CL A 1,409 3,158
00724F101 ADOBE INC 1,808 3,580
20002101 ALLSTATE CORP    
02079K305 ALPHABET INC CL A    
02079K107 ALPHABET INC CL C 1,495 11,415
23135106 AMAZON.COM INC 7,264 11,547
25537101 AMERICAN ELECTRIC POW 2,276 2,518
03027X100 AMERICAN TOWER CORP 1,100 3,238
32654105 ANALOG DEVICES INC 668 4,567
37833100 APPLE INC 1,711 19,831
53484101 AVALONBAY COMMUNITIES 3,504 3,557
60505104 BANK AMER CORP 4,087 6,633
09247X101 BLACKROCK INC 2,117 4,059
09857L108 BOOKING HOLDINGS INC 683 3,547
11135F101 BROADCOM INC 1,175 5,581
166764100 CHEVRON CORP 2,570 5,071
17275R102 CISCO SYSTEMS INC 1,216 2,475
20030N101 COMCAST CORP NEW A 1,282 3,815
22160K105 COSTCO WHOLESALE COR 2,875 6,601
126650100 CVS HEALTH CORPORATI 3,815 4,974
235851102 DANAHER CORP COM 808 5,552
36752103 ELEVANCE HEALTH INC 919 2,358
26875P101 EOG RESOURCES INC CO 1,604 5,080
31428X106 FEDEX CORP COM    
369604301 GENERAL ELECTRIC CO 8,760 8,679
478160104 JOHNSON & JOHNSON 1,649 2,508
G51502105 JOHNSON CONTROLS INT 2,409 2,479
46625H100 JPMORGAN CHASE & CO 1,873 9,356
539830109 LOCKHEED MARTIN CORP 2,448 3,173
57636Q104 MASTERCARD INC CL A 1,179 6,824
580135101 MCDONALD'S CORPORATI 756 2,372
G5960L103 MEDTRONIC PLC    
58933Y105 MERCK & CO INC 1,096 3,271
59156R108 METLIFE INC    
594918104 MICROSOFT CORP 8,876 21,810
68389X105 ORACLE CORPORATION C 284 2,425
713448108 PEPSICO INC COM 899 2,208
717081103 PFIZER INC    
742718109 PROCTER & GAMBLE CO    
75513E101 RAYTHEON TECHNOLOGIE    
824348106 SHERWIN WILLIAMS CO 1,454 3,119
87612E106 TARGET CORP COM    
907818108 UNION PACIFIC CORP C 595 2,702
91913Y100 VALERO ENERGY CORP C    
G96629103 WILLIS TOWERS WATSON    
464287564 ISHARES COHEN & STEE    
46432F842 ISHARES CORE MSCI EA 26,224 30,321
46434G103 ISHARES CORE MSCI EM 33,311 39,402
46434V647 ISHARES GLOBAL REIT    
464287465 ISHARES MSCI EAFE ET    
464287655 ISHARES RUSSELL 2000    
97181C431 WILMINGTON REAL ASSE 24,494 24,047
00171A852 AMG RIVER RD SM-CAP 19,973 20,751
00287Y109 ABBVIE INC 3,380 3,409
01878T848 AB CONCENTRATED GR F 32,880 36,426
09250J734 BLACKROCK EVENT DRIV 22,684 23,030
125896100 CMS ENERGY CORP COM 2,655 2,729
19766P868 COLUMBIA OVERSEAS VA 46,226 47,535
244199105 DEERE & CO COMMON 5,033 5,198
254687106 WALT DISNEY CO 4,994 5,147
2824100 ABBOTT LABORATORIES 3,557 4,073
30303M102 META PLATFORMS, INC- 3,919 4,601
411512478 HARBOR LG-CAP VALUE 40,522 44,333
437076102 HOME DEPOT INC COM 4,913 5,545
45775L408 T ROWE PRICE LG-CAP 19,983 22,261
461418444 WCM FOCUSED INT'L GR 30,517 33,827
464287598 ISHARES RUSSELL 1000 41,489 44,287
464287614 ISHARES RUSSELL 1000 29,632 33,349
464287630 ISHARES RUSSELL 2000 19,241 19,106
46432F339 ISHARES MSCI USA QUA 43,348 47,821
56823396 BAILLIE GIFFORD EMERG 18,585 19,032
617446448 MORGAN STANLEY GROUP 2,820 2,891
67066G104 NVIDIA CORP COM 6,703 7,924
681919106 OMNICOM GROUP INC CO 2,597 3,028
70450Y103 PAYPAL HOLDINGS INC 2,928 3,071
8.7611999999 TARGET CORP COM 2,258 3,418
88160R101 TESLA INC. 4,573 4,473
911312106 UNITED PARCEL SERVIC 2,786 2,830
9158106 AIR PRODUCTS & CHEMICA 2,296 2,190
92828N593 VIRTUS KAR SMALL-CAP 23,578 23,690
97181C332 WILMINGTON GLOBAL AL 22,684 23,283
97181C787 WILMINGTON INTERNATI 60,046 64,049

TY 2023 OtherDecreasesSchedule
Name:
HOYT CHARITABLE FOUNDATION F SHERMAN HOYT &
EIN:
04-3554961
Description Amount
2023 TRANSACTION POSTED IN 2024 757
ROUNDING ADJUSTMENT 4
2023 RETURN OF CAPITAL ADJ - 2023 SALE 1


TY 2023 OtherExpensesSchedule
Name:
HOYT CHARITABLE FOUNDATION F SHERMAN HOYT &
EIN:
04-3554961
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
STATE FILING FEE 35 0   35


TY 2023 OtherIncreasesSchedule
Name:
HOYT CHARITABLE FOUNDATION F SHERMAN HOYT &
EIN:
04-3554961
Description Amount
2022 TRANSACTION POSTED IN 2023 437


TY 2023 OtherProfessionalFeesSchedule
Name:
HOYT CHARITABLE FOUNDATION F SHERMAN HOYT &
EIN:
04-3554961
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMNT MNGMNT FEES (NON-DED 11,355 11,355    


TY 2023 TaxesSchedule
Name:
HOYT CHARITABLE FOUNDATION F SHERMAN HOYT &
EIN:
04-3554961
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL ESTIMATES - PRINCIPAL 355 0   0
FOREIGN TAXES ON QUALIFIED FOR 303 303   0
FOREIGN TAXES ON NONQUALIFIED 173 173   0