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 07-01-2023 , and ending 06-30-2024
Name of foundation
MCELHATTAN FOUNDATION
 
% JIM WOLL TREASURER
Number and street (or P.O. box number if mail is not delivered to street address)C/O HOLLAND444 LIBERTY AVESTE2100
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PITTSBURGH, PA15222
A Employer identification number

25-1756557
B Telephone number (see instructions)

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$289,542,631J 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) 134,054,442
2 Check right arrow.............
3 Interest on savings and temporary cash investments 149,034 149,034  
4 Dividends and interest from securities... 3,569,479 3,569,479  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 15,109,639
b Gross sales price for all assets on line 6a 132,821,018
7 Capital gain net income (from Part IV, line 2)... 15,109,639
8 Net short-term capital gain.........  
9 Income modifications........... 2,688
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........ 152,882,594 18,828,152 2,688
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 438,317 21,916   416,401
14 Other employee salaries and wages...... 49,832     49,832
15 Pension plans, employee benefits....... 38,879 1,697   37,182
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
38,204 12,456 0 25,748
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
590,153 563,401   26,752
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
92,073 39,402   37,681
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
7,800    
20 Occupancy.............. 48,146     48,146
21 Travel, conferences, and meetings....... 52,244     52,244
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
114,695 582   114,113
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,470,343 639,454 0 808,099
25 Contributions, gifts, grants paid....... 6,080,217 6,080,217
26 Total expenses and disbursements. Add lines 24 and 25 7,550,560 639,454 0 6,888,316
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 145,332,034
b Net investment income (if negative, enter -0-) 18,188,698
c Adjusted net income (if negative, enter -0-)... 2,688
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............. 303,429 868,692 868,692
2 Savings and temporary cash investments......... 3,048,546 6,523,990 6,523,990
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 0 0 0
10a Investments—U.S. and state government obligations (attach schedule) 2,749,013 Click to see attachment
List of Attached Documents:
// Content
5,270,128 		5,219,706
b Investments—corporate stock (attach schedule)....... 97,549,911 Click to see attachment
List of Attached Documents:
// Content
202,240,222 		245,301,309
c Investments—corporate bonds (attach schedule)....... 2,181,127 Click to see attachment
List of Attached Documents:
// Content
3,666,623 		3,540,278
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 8,029,978 Click to see attachment
List of Attached Documents:
// Content
27,951,644 		28,041,856
14 Land, buildings, and equipment: basis right arrow52,000
Less: accumulated depreciation (attach schedule) right arrow7,800 0 Click to see attachment
List of Attached Documents:
// Content
44,200 		46,800
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 113,862,004 246,565,499 289,542,631
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 113,862,004 246,565,499
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 113,862,004 246,565,499
30 Total liabilities and net assets/fund balances (see instructions). 113,862,004 246,565,499
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
113,862,004
2
Enter amount from Part I, line 27a .....................
2
145,332,034
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
214,072
4
Add lines 1, 2, and 3 ..........................
4
259,408,110
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
12,842,611
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
246,565,499
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 HAWTHORN - SEE ATTACHED DETAIL   2023-07-01 2024-06-30
b HAWTHORNE - SEE ATTACHED DETAIL   2022-01-01 2023-06-30
c HAWTHORNE - SEE ATTACHED DETAIL   2022-01-01 2023-06-30
d CAPITAL GAIN DIVIDENDS P    
e CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 33,679,215   32,884,967 802,881
b 12,481   12,134 347
c 99,121,226   84,909,012 14,298,315
d       95,654
e       95,654
      95,654
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       794,248
b       347
c       14,212,214
d        
e        
       
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 15,109,639
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) 1 252,823
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 252,823
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 252,823
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 28,532
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 28,532
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 9,185
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 233,476
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? Click to see list of attachments
List of Attached Documents:
// Content
....................
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 changesClick to see list of attachments
List of Attached Documents:
// Content
....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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.Click to see list of attachments
List of Attached Documents:
// Content
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. Click to see attachment
List of Attached Documents:
// Content
...............................
10
Yes
 
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 arrowmcelhattan.org
14
The books are in care ofright arrowJIM WOLL TREASURER Telephone no.right arrow (724) 880-5234

Located atright arrow5840 ELLSWORTH AVE SUITE 200PITTSBURGHPA ZIP+4right arrow15232
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
 
No
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
KENT D MCELHATTAN PRESIDENT & DIRECTOR
40.0 		0 0 0
C/O HOLLAND444 LIBERTY AVESTE2100
PITTSBURGH,PA15222
ELAINE L BONOMA DIRECTOR
3.0 		0 0 0
C/O HOLLAND444 LIBERTY AVESTE2100
PITTSBURGH,PA15222
SHIRLEY MCELHATTAN DIRECTOR
5.0 		0 0 0
C/O HOLLAND444 LIBERTY AVESTE2100
PITTSBURGH,PA15222
LARRY S BLAIR DIRECTOR
3.0 		0 0 0
C/O HOLLAND444 LIBERTY AVESTE2100
PITTSBURGH,PA15222
JIM WOLL TREASURER
10.0 		0 0 0
C/O HOLLAND444 LIBERTY AVESTE2100
PITTSBURGH,PA15222
ERIN MCELHATTAN DIRECTOR
3.0 		0 0 0
C/O HOLLAND444 LIBERTY AVESTE2100
PITTSBURGH,PA15222
MARTHA MCELHATTAN SECRETARY
5.0 		0 0 0
C/O HOLLAND444 LIBERTY AVESTE2100
PITTSBURGH,PA15222
K JOSHUA MCELHATTAN DIRECTOR
3.0 		0 0 0
C/O HOLLAND444 LIBERTY AVESTE2100
PITTSBURGH,PA15222
CAROLE BAILEY EXECUTIVE DIRECTOR
40.0 		195,453 22,274 0
5840 ELLSWORTH AVE SUITE 200
PITTSBURGH,PA15232
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
GINA EVANS SENIOR PROGRAM OFFIC
40.0 		114,119 11,249  
5840 ELLSWORTH AVE
PITTSBURGH,PA15232
SARAH PISTELLA PROGRAM OFFICER
40.0 		75,483 6,760  
5840 ELLSWORTH AVE
PITTSBURGH,PA15232
JOHN LOZECKI ASSOC. PROGRAM OFFIC
40.0 		53,262 5,192  
5840 ELLSWORTH AVE
PITTSBURGH,PA15232
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
 
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 NOT APPLICABLE  
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
171,876,014
b
Average of monthly cash balances.......................
1b
7,729,516
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
179,605,530
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
179,605,530
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
2,694,083
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
176,911,447
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
8,845,572
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
8,845,572
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
252,823
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
252,823
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
8,592,749
4
Recoveries of amounts treated as qualifying distributions................
4
2,688
5
Add lines 3 and 4............................
5
8,595,437
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
8,595,437
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
6,888,316
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
6,888,316
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 8,595,437
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 6,056,419
b Total for prior years:2021, 2020, 2019  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019...... 0
c From 2020...... 0
d From 2021...... 0
e From 2022...... 0
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 6,888,316
a Applied to 2022, but not more than line 2a 6,056,419
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount..... 831,897
e Remaining amount distributed out of corpus 0
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 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		7,763,540
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020.... 0
c Excess from 2021.... 0
d Excess from 2022.... 0
e Excess from 2023.... 0
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).)
K JOSHUA MCELHATTAN
KENT D MCELHATTAN
ELAINE L BONOMA
ERIN J MCELHATTAN
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
NONE
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
STEPHANIE SWEAT
5840 ELLSWORTH AVENUE SUITE 200
PITTSBURGH,PA15232
(412) 430-0090
stephanie.sweat@mcelhattan.org
bThe form in which applications should be submitted and information and materials they should include:
APPLICATIONS SHOULD BE SUBMITTED VIA THE FOUNDATION WEBSITE: MCELHATTAN.ORG
cAny submission deadlines:
SEE MCELHATTAN.ORG FOR DEADLINES
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
NON-PROFITS BASED IN THE UNITED STATES MAY APPLY. AWARDS ARE RESTRICTED TO ENDING DEATH ON THE JOB, EDUCATION, END OF LIFE PLANNING AND CARE, AND ECONOMIC DEVELOPMENT IN KNOX AND FRANKLIN PA.
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

CHILDREN'S MUSEUM OF PITTSBURGH

10 CHILDRENS WAY
PITTSBURGH,PA15212 		JOSH MCELHATTAN TRUSTEE & SUBSTANTIAL CONTRIBUTOR   GENERAL SUPPORT 60,000

ASSEMBLE

4824 PENN AVENUE
PITTSBURGH,PA15224 		NONE   GENERAL SUPPORT 25,000

ANGEL'S PLACE INC

2615 NORWOOD AVENUE
PITTSBURGH,PA15214 		NONE   GENERAL SUPPORT 25,000

ACH CLEAR PATHWAYS

510 HELDMAN STREET
PITTSBURGH,PA15219 		NONE   GENERAL SUPPORT 30,000

UNITED WAY OF VENANGO COUNTY

PO BOX 303
RENO,PA16343 		NONE   GENERAL SUPPORT (MULTI-YEAR GRANT) 114,600

PEDIATRIC PALLIATIVE CARE COALITION

384 FOX CHAPEL ROAD
PITTSBURGH,PA15238 		NONE   GENERAL SUPPORT (MULTI-YEAR GRANT) 50,000

ARYSE

6101 PENN AVENUE SUITE 201
PITTSBURGH,PA15206 		NONE   GENERAL SUPPORT (MULTI-YEAR GRANT) 66,667

LATINO COMMUNITY LEARNING CENTER

212 9TH STREET
PITTSBURGH,PA15222 		NONE   GENERAL SUPPORT (MULTI-YEAR GRANT) 50,000

UNIVERSITY OF PITTSBURGH

4200 FIFTH AVENUE
PITTSBURGH,PA15260 		NONE   GENERAL SUPPORT 500,000

UNITED WAY OF SOUTHWESTERN PA

1250 PENN AVENUE PO BOX 735
PITTSBURGH,PA15230 		NONE   GENERAL SUPPORT (MULTI-YEAR GRANT) 500,000

NATIONAL SAFETY COUNCIL

1121 SPRING LAKE DRIVE
ITASCA,IL601433201 		NONE   GENERAL SUPPORT (THREE YEAR GRANT) 1,000,000

THE GEORGE WASHINGTON UNIVERSITY

950 NEW HAMPSHIRE AVENUE NW ROOM 4
WASHINGTON,DC20052 		NONE   GENERAL SUPPORT (MULTI-YEAR GRANT) 510,428

CCAC EDUCATIONAL FOUNDATION

808 RIDGE AVENUE BYERS HALL ROOM
PITTSBURGH,PA15212 		NONE   GENERAL SUPPORT 100,000

FAMILY SERVICE&CHILDREN'S AID SOC OF VENANGO CTY

716 EAST SECOND STREET
OIL CITY,PA16301 		NONE   GENERAL SUPPORT 75,000

GEMS-GIRLS EXCELLING IN MATH AND SCIENCE

806 LIBERTY STREET
FRANKLIN,PA16323 		NONE   GENERAL SUPPORT 50,000

HOPEBOUND MINISTRIES INC

308 HEMLOCK DRIVE
MOON TOWNSHIP,PA15108 		NONE   MOONCREST NEIGHBORHOOD PROGRAMS 25,000

KNOX PUBLIC LIBRARY

305 NORTH MAIN STREET PO BOX 510
KNOX,PA16232 		NONE   GENERAL SUPPORT 30,000

MELTING POT MINISTRIES

5811 CURRY ROAD
PITTSBURGH,PA15236 		NONE   GENERAL SUPPORT 50,000

NORTHWEST HOSPITAL FOUNDATION

100 FAIRFIELD DRIVE
SENECA,PA16346 		NONE   GENERAL SUPPORT 21,000

THE PITTSBURGH PROJECT

2801 N CHARLES STREET
PITTSBURGH,PA15214 		NONE   GENERAL SUPPORT 50,000

UNIVERSITY OF PITTBURGH SCHOOL OF NURSING

128 NORTH CRAIG STREET 133 PARK PL
PITTSBURGH,PA15260 		NONE   GENERAL SUPPORT 100,000

VENTURE OUTDOORS INC

317 E CARSON STREET SUITE 330
PITTSBURGH,PA15219 		NONE   GENERAL SUPPORT 25,000

BIBLE CENTER CHURCH INC

7238 FLEURY WAY
PITTSBURGH,PA15208 		NONE   GENERAL SUPPORT 25,000

HOMELESS CHILDREN'S EDUCATION FUND

1901 CENTRE AVENUE 301
PITTSBURGH,PA15219 		NONE   GENERAL SUPPORT (MULTI-YEAR GRANT) 25,000

CITY OF FRANKLIN

430 13TH STREET
FRANKLIN,PA16323 		NONE   GENERAL SUPPORT 2,000

WOMEN'S CENTER & SHELTER OF GREATER PITTSBURGH

PO BOX 9024
PITTSBURGH,PA15224 		NONE   MULTI-YEAR GRANT 50,000

ABIDING MISSIONS

731 EXCELSIOR STREET
PITTSBURGH,PA15210 		NONE   GENERAL SUPPORT 25,000

AMERICAN CANCER SOCIETY

1818 MARKET STREET SUITE 2820
PHILADELPHIA,PA19103 		NONE   GENERAL SUPPORT 35,000

AMERICAN NATIONAL RED CROSS

2801 LIBERTY AVENUE
PTITSBURGH,PA15222 		NONE   GENERAL SUPPORT 25,000

BIG BROTHERS BIG SISTERS OF GREATER PGH

5989 CENTRE AVENUE SUITE 1
PITTSBURGH,PA15206 		NONE   GENERAL SUPPORT 75,000

BRADDOCK CARNEGIE LIBRARY ASSOCIATION

419 LIBRARY STREET PO BOX G
BRADDOCK,PA15104 		NONE   GENERAL SUPPORT 32,000

GROW PITTSBURGH

6587 HAMILTON AVENUE 2W
PITTSBURGH,PA15206 		NONE   GENERAL SUPPORT 25,000

INSTITUTE FOR HEALTHCARE IMPROVEMENT

53 STATE STREET 19TH FLOOR
BOSTON,MA02109 		NONE   GENERAL SUPPORT 71,000

MONROEVILLE PUBLIC LIBRARY FUND

4000 GATEWAY CAMPUS BLVD
MONROEVILLE,PA15146 		NONE   GENERAL SUPPORT 20,000

RANKIN CHRISTIAN CENTER

230 3RD AVENUE
RANKIN,PA15104 		NONE   GENERAL SUPPORT 35,000

RENEWED LIVING dba EMMAUS HAVEN OF VENANGO

580 COLBERT AVENUE
OIL CITY,PA16301 		NONE   GENERAL SUPPORT 75,000

TEACH PLUS

742 FITZWATER STREET
PHILDADELPHIA,PA19147 		NONE   GENERAL SUPPORT 150,000

WOMEN AND GIRLS FOUNDATION

3706 BUTLER STREET STUDIO C
PITTSBURGH,PA15201 		NONE   GENERAL SUPPORT 30,000

THE NEW SUN RISING

112 SHERMAN STREET
MILVALE,PA15209 		NONE   GENERAL SUPPORT 20,000

THE DRAGON'S DEN

1008 AMITY STREET
HOMESTEAD,PA15120 		NONE   GENERAL SUPPORT 50,000

PITTSBURGH PARKS CONSERVANCY

317 EAST CARSON STREET WEST TOWER
PITTSBURGH,PA15219 		NONE   GENERAL SUPPORT 40,000

FRANKLIN AREA SCHOOL DISTRICT

40 KNIGHTS WAY
FRANKLIN,PA16323 		NONE   GENERAL SUPPORT 20,000

KEYSTONE SMILES

525 MAIN STREET
KNOX,PA16232 		NONE   GENERAL SUPPORT (MULTI-YEAR GRANT) 94,050

LOCALLY GROWN

1256 FRANKLIN AVENUE
PITTSBURGH,PA15221 		NONE   GENERAL SUPPORT 50,000

UNITED WAY OF CLARION COUNTY

PO BOX 207531 1/2 MAIN STREET
CLARION,PA16214 		NONE   GENERAL SUPPORT 50,000

WIRELESS NEIGHBORHOODSNEIGHBOR LEARNING ALLIANCE

5429 PENN AVE
PITTSBURGH,PA15206 		NONE   GENERAL SUPPORT 50,000

DUQUESNE UNIVERSITY OF THE HOLY

600 FORBES AVENUE
PITTSBURGH,PA15282 		NONE   GENERAL SUPPORT 45,000

GARFIELD COMMUNITY FARM INC

509 WICKLOW ST
PITTSBURGH,PA15224 		NONE   GENERAL SUPPORT 10,000

KEYSTONE SCHOOL DISTRICT

451 HUSTON AVENUE
KNOX,PA16232 		NONE   GENERAL SUPPORT 10,000

PRIMARY HEALTH NETWORK

63 PITT STREET
SHARON,PA16146 		NONE   GENERAL SUPPORT 78,672

RIVERS OF STEEL HERITAGE CORP

623 E 8TH AVE
HOMESTEAD,PA15120 		NONE   GENERAL SUPPORT 30,000

SENECA HILLS BIBLE CAMP

276 DAMASCUS ROAD
POLK,PA16342 		NONE   GENERAL SUPPORT 35,000

STEM CODING LAB INC

800 VINIAL ST
PITTSBURGH,PA15212 		NONE   GENERAL SUPPORT 36,000

INTERNATIONAL END OF LIFE DOULA

69 MONTGOMERY STREET 287
JERSEY CITY,NJ07303 		NONE   GENERAL SUPPORT 60,000

MCKEES ROCKS COMMUNITY DEVELOPMENT CORPORATION

701 YUNKER ST
MCKEES ROCKS,PA15136 		NONE   GENERAL SUPPORT 20,000

KNOX BASEBALL ASSOCIATION

PO BOX 37
KNOX,PA16332 		NONE   GENERAL SUPPORT 60,000

ALLEGHENY HEALTH NETWORK

501 PENN AVE
PITTSBURGH,PA15222 		NONE   GENERAL SUPPORT 60,000

HOME NURSING AGENCY DBA FAMILY HOSPICE

201 CHESTNUT AVENUE
ALTOONA,PA16601 		NONE   GENERAL SUPPORT 30,000

PITTSBURGH CENTER FOR CREATIVE REUSE

214 N LEXINGTON ST
PITTSBURGH,PA15208 		NONE   GENERAL SUPPORT 12,000

YOUNG BLACK MOTIVATED KINGS & QUEENS

1835 CENTRE AVENUE STE 270
PITTSBURGH,PA15219 		NONE   GENERAL SUPPORT 25,000

1HOOD MEDIA ACADEMY

1460 MELWOOD AVENUE STE 207
PITTSBURGH,PA15213 		NONE   GENERAL SUPPORT 35,000

BOYS & GIRLS CLUBS OF WESTERN PA

317 E CARSON STREET TOWER
STE 238
PITTSBURGH,PA15219 		NONE   GENERAL SUPPORT 50,000

INDUSTRIAL ARTS WORKSHOP

5434 HERBERT WAY
PITTSBURGH,PA15207 		NONE   GENERAL SUPPORT 45,000

FAME - FUND FOR ADVANCEMENT OF MINORITIES THROUGH

2246 WILSON AVE 1ST FLOOR
PITTSBURGH,PA15214 		NONE   GENERAL SUPPORT 75,000

HOSANNA HOUSE INC

807 WALLACE AVE
PITTSBURGH,PA15221 		NONE   GENERAL SUPPORT 100,000

NATIONAL INSTITUTE ON OUT-OF-SCHOOL TIME

106 CENTRAL STREET
WELLESLEY,MA02481 		NONE   GENERAL SUPPORT 54,300

URBAN ACADEMY OF GREATER PITTSBURGH

437 TURRETT STREET
PITTSBURGH,PA15206 		NONE   GENERAL SUPPORT 62,500

BROOKLINE TEEN OUTREACH

520 BROOKLINE BLVD
PITTSBURGH,PA15226 		NONE   GENERAL SUPPORT 30,000

COALITION TO TRANSFORM ADVANCED CARE

601 MASSACHUSETTS AVE NW SUITE 520W
WASHINGTON,DC20001 		NONE   GENERAL SUPPORT 125,000

HOPE FOR TOMORROW INC

3313 KATHY DRIVE
PITTSBURGH,PA15204 		NONE   GENERAL SUPPORT 50,000

LEARNING DISABILITIES ASSOCIATION OF AMERICA

4068 MT ROYAL BLVD
ALLISON PARK,PA15101 		NONE   GENERAL SUPPORT 25,000

MANCHESTER YOUTH DEVELOPMENT CENTER

1214 LIVERPOOL ST
PITTSBURGH,PA15233 		NONE   GENERAL SUPPORT 50,000

MUSTARD SEED MISSIONS OF VENANGO COUNTY

215 E BISSELL AVE
OIL CITY,PA16301 		NONE   GENERAL SUPPORT 25,000

END WELL FOUNDATION

1083 VINE STREET 803
HEALDSBURG,CA95448 		NONE   GENERAL SUPPORT 50,000

HOMEWOOD CHILDREN'S VILLAGE

801 N HOMEWOOD AVE
PITTSBURGH,PA15208 		NONE   GENERAL SUPPORT 25,000

BLOOMFIELD GARFIELD CORPORATION

113 N PACIFIC AVENUE
PITTSBURGH,PA15224 		NONE   GENERAL SUPPORT 15,000

OUTDOOR INCLUSION COALITION

3706 BUTLER STREET OFC209
PITTSBURGH,PA15201 		NONE   GENERAL SUPPORT 25,000

VALLEY POINTS FAMILY YMCA

800 CONSTITUTION BLVD
NEW KENSINGTON,PA15068 		NONE   GENERAL SUPPORT 20,000

KNOX VOLUNTEER FIRE COMPANY

514 E RAILROAD ST
KNOX,PA16232 		NONE   GENERAL SUPPORT 50,000

SCENIC RIVERS YMCA

7 PETROLEUM STREET
OIL CITY,PA16301 		NONE   GENERAL SUPPORT 25,000

OIL REGION ALLIANCE OF BUSINESS

217 ELM STREET
OIL CITY,PA16301 		NONE   GENERAL SUPPORT 60,000

FOCUS ON RENEWAL

420 CHARTIERS AVENUE
MCKEES ROCKS,PA15136 		NONE   GENERAL SUPPORT 25,000

SEWICKLEY ACADEMY

315 ACADEMY AVE
SEWICKLEY,PA15143 		NONE   GENERAL SUPPORT 15,000
Total .................................right arrow 3a 6,080,217
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 ........... 		    14 149,034  
4 Dividends and interest from securities ....     14 3,569,479  
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 15,109,639  
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) ..   18,828,152  
13Total. Add line 12, columns (b), (d), and (e)..................
13
18,828,152
(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
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
MCELHATTAN FOUNDATION
 
Employer identification number

25-1756557
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
MCELHATTAN FOUNDATION
  		Employer identification number
25-1756557
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
ESTATE OF FLORENCE MCELHATTAN
5901 BRAEBURN PLACE
 
PITTSBURGH, PA15232

$ 134,054,442


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
MCELHATTAN FOUNDATION
  		Employer identification number

25-1756557
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 SEE ATTACHED $ 122,145,560  
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
MCELHATTAN FOUNDATION
  		Employer identification number

25-1756557
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


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TY 2023 DepreciationSchedule
Name:
MCELHATTAN FOUNDATION
EIN:
25-1756557
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
FURNITURE 2024-01-01 52,000   M5D   7,800      

TY 2023 InvestmentsCorpBondsSchedule
Name:
MCELHATTAN FOUNDATION
EIN:
25-1756557
Name of Bond End of Year Book Value End of Year Fair Market Value
AGCO CORP 50,152 50,119
AEP TRANSMISSION CO LLC 24,703 23,896
AT&T INC 41,998 41,441
AT&T INC 30,337 30,000
ABBVIE INC 25,490 24,721
ALEXANDRIA REAL ESTATE 18,121 14,680
ALLSTATE CORP 32,136 31,940
AMAZON.COM INC 37,268 36,181
AMCOR GROUP FINANCE 30,298 30,099
AMERICAN ELECTRIC POWER 50,203 46,982
AMERICAN ELECTRIC POWER 35,032 34,811
AMERICAN EXPRESS CO 64,891 64,710
AMERICAN TOWER CORP 26,718 23,688
AMERICAN TOWER CORP 47,785 47,752
AMGEN INC 52,259 46,382
ANHEUSER-BUSCH INBEV WOR 0 0
ANTHEM INC 0 0
APPLE INC 0 0
ASTRAZENECA FINANCE LLC 0 0
ELEVANCE HEALTH INC 30,494 30,143
BANK OF AMERICA CORP 31,146 31,050
BANK OF AMERICA CORP 35,447 35,055
BANK OF AMERICA CORP 51,674 51,491
BANK OF AMERICA CORP 50,126 49,921
BERKSHIRE HATHAWAY FIN 21,787 20,981
BURLINGTON NORTH SANTA FE 41,016 40,073
BP CAP MARKETS AMERICA 0 0
CVS HEALTH CORP 51,425 43,453
CVS HEALTH CORP 31,887 31,249
CARRIER GLOBAL 0 0
CISCO SYSTEMS INC 32,526 31,906
CITIGROUP INC 61,478 61,989
CITIGROUP INC 33,530 33,357
CITIGROUP INC 29,999 29,825
COCA-COLA CONSOLIDATED 30,238 30,135
COMCAST CORP 44,753 43,297
COMCAST CORP 30,323 30,175
CONOCOPHILLIPS 67,154 65,953
DTE ELECTRIC CORP 53,765 43,157
DARDEN RESTAURANTS INC 38,540 38,472
DIGITAL REALTY TRUST LP 32,613 32,466
DUKE ENERGY PROGRESS INC 24,905 24,161
WALT DISNEY COMPANY    
DOMINION RESOURCES INC 0 0
ENBRIDGE INC 22,462 21,839
ENBRIDGE INC 20,168 20,032
ENERGY TRANSFER PARTNERS 26,324 25,859
ENERGY TRANSFER PARTNERS 50,594 50,405
EQUINOR ASA 0 0
FIFTH THIRD BANCORP 0 0
FLORIDA POWER & LIGHT CO 30,032 28,916
GENERAL MOTORS FINL CO 75,223 74,997
GILEAD SCIENCES INC 0 0
GLOBAL PAYMENTS INC 34,883 34,757
GOLDMAN SACHS GROUP INC 51,609 43,048
GOLDMAN SACHS GROUP 23,101 23,086
HOME DEPOT INC 81,970 68,702
INTEL CORP 68,928 66,537
INTEL CORP 34,937 33,913
JP MORGAN CHASE & CO 26,200 25,718
JP MORGAN CHASE & CO 35,238 35,057
JP MORGAN CHASE & CO 44,598 44,478
JP MORGAN CHASE & CO 35,728 35,554
JOHNSON & JOHNSON 31,138 30,641
KINDERMORGAN ENER PART 38,571 37,968
KROGER CO 40,517 40,248
LINCOLN NATIONAL CORP 0 0
LOCKHEED MARTIN CORP 0 0
LOWE&S COS INC 0 0
LYB INT FINANCE III 47,322 47,312
MASTERCARD INC 0 0
MERCK & CO INC 0 0
MPLX LP 19,383 18,817
MARRIOTT INTERNATIONAL 48,232 48,022
METLIFE INC 36,463 35,950
MICROSOFT CORP 39,870 39,228
MORGAN STANLEY 31,956 31,645
MORGAN STANLEY 70,016 69,724
MORGAN STANLEY 55,500 51,274
NEXTERA ENERGY CAPITAL 45,926 38,190
NIKE INC 19,997 19,449
NUTRIEN LTD 25,007 24,970
ORACLE CORP 38,128 36,969
PFIZER INVESTMENT ENTER 24,834 24,113
PROLOGIS LP 51,048 43,883
PUBLIC SERVICE ENTERPRISE 50,100 49,858
REALTY INCOME CORP 29,552 29,483
SEMPRA ENERGY 46,946 42,473
SIMON PROPERTY GROUP LP 0 0
STATE STREET CORPORATION 75,272 74,093
T-MOBILE USA INC 43,297 43,252
T-MOBILE USA INC 20,207 19,867
TAKE-TWO INTERACTIVE SOF 29,825 29,722
TARGET CORP 18,751 18,129
TORONTO-DOMINION BANK 76,266 74,246
TOTAL CAPITAL INTL SA 0 0
TRUIST FINANCIAL CORP 50,130 50,125
US BANCORP 43,640 42,034
RTX CORPORATION 27,876 23,695
UNITED TECHNOLOGIES CORP 0 0
UNITED HEALTH GROUP INC 32,170 31,156
VAKERO ENERGY CORP 26,949 26,649
VERIZON COMMUNICATIONS 53,548 46,729
VMWARE INC 55,210 55,247
WALMART INC 41,101 39,830
WELLS FARGO & COMPANY 0 0
WELLS FARGO & COMPANY MEDIUM T 38,364 38,293
WELLS FARGO & COMPANY 54,938 54,371
WELLS FARGO & COMPANY 50,679 50,453
WELLS FARGO & COMPANY 35,432 35,303
WESTPAC BKG CORP 48,250 48,258

TY 2023 InvestmentsCorpStockSchedule
Name:
MCELHATTAN FOUNDATION
EIN:
25-1756557
Name of Stock End of Year Book Value End of Year Fair Market Value
EQUITY STOCKS - SEE DETAIL 27,418,631 40,982,268
ETF EQUITY - SEE DETAIL 135,028,818 161,198,231
MUTUAL FDS EQUITY - SEE DETAIL 2,911,215 2,707,306
PRIV. EQU. - HAMILTON LANE FD 1,077,824 1,638,676
PRIV. EQU. - ALTERNATIVE INV. 5,412,428 5,503,083
ETF - ALTERNATIVE INVESTMENTS 5,602,341 6,775,825
MUTUAL FDS ALTERN INV-SEE DETA 24,769,089 26,476,204
OTHER ALTERNATIVE INVESTMENTS 19,876 19,716

TY 2023 InvestmentsGovtObligationsSch
Name:
MCELHATTAN FOUNDATION
EIN:
25-1756557
US Government Securities - End of Year Book Value:

5,270,128
US Government Securities - End of Year Fair Market Value:

5,219,706
State & Local Government Securities - End of Year Book Value:


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


0


TY 2023 InvestmentsOtherSchedule2
Name:
MCELHATTAN FOUNDATION
EIN:
25-1756557
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
SEE ATTACHED STATEMENT   27,951,644 28,041,856

TY 2023 LandEtcSchedule2
Name:
MCELHATTAN FOUNDATION
EIN:
25-1756557
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
FURNITURE 52,000 7,800 44,200 46,800


TY 2023 LegalFeesSchedule
Name:
MCELHATTAN FOUNDATION
EIN:
25-1756557
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION AND PLANNING 9,413     9,413
LEGAL FEES 12,456 12,456    
AUDIT FEES 16,335     16,335


TY 2023 OtherDecreasesSchedule
Name:
MCELHATTAN FOUNDATION
EIN:
25-1756557
Description Amount
COST TO FMV ADJUSTMENT FOR CONTRIBUTIONS 12,832,046
COST BASIS ADJUSTMENTS 10,565


TY 2023 OtherExpensesSchedule
Name:
MCELHATTAN FOUNDATION
EIN:
25-1756557
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
GRANT MAKING SOFTWARE FEES 12,198     12,198
BUSINESS INSURANCE 4,812     4,812
SUPPLIES 43,037     43,037
MEDICAL/DENTAL/VISION INSURANC 17,870 577   17,293
MEMBERSHIPS 17,365     17,365
PAYROLL PROCESSING FEE 2,669     2,669
TELEPHONE SYSTEM 1,693     1,693
DESKTOP SOFTWARE 8,100     8,100
CATHAIN K-1 LEGAL EXPENSES 5 5    
WEB AND DOMAIN EXPENSES 3,000     3,000
MISCELLANEOUS EXPENSES 3,946     3,946


TY 2023 OtherIncomeSchedule2
Name:
MCELHATTAN FOUNDATION
EIN:
25-1756557
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
MISC REIMB FOR CREDIT CARDS      
EXCISE TAX      


TY 2023 OtherIncreasesSchedule
Name:
MCELHATTAN FOUNDATION
EIN:
25-1756557
Description Amount
DISTRIBUTIONS RECEIVED FROM LP INVESTMEN 211,384
PRIOR YEAR GRANTS RECEIVED 2,688


TY 2023 OtherProfessionalFeesSchedule
Name:
MCELHATTAN FOUNDATION
EIN:
25-1756557
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING FEES 26,752     26,752
HAWTHORN OTHER EXPENSES 12,365 12,365    
HAWTHRON INV. MGMT. FEES 550,924 550,924    
INVESTMENT MANAGEMENT FEES 112 112    


TY 2023 SubstantialContributorsSch
Name:
MCELHATTAN FOUNDATION
EIN:
25-1756557
Name Address
ESTATE OF FLORENCE MCELHATTAN 5901 BRAEBURN PLACE
PITTSBURGH,PA15232


TY 2023 TaxesSchedule
Name:
MCELHATTAN FOUNDATION
EIN:
25-1756557
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES HAWTHORN 37,626 37,626    
PAYROLL TAXES 39,457 1,776   37,681
EXCISE AND OTHER TAXES 14,990