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
HASSEL FOUNDATION
C/O MICHAEL KREKSTEIN ESQ
Number and street (or P.O. box number if mail is not delivered to street address)610 W GERMANTOWN PIKE 350
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PLYMOUTH MEETING, PA19462
A Employer identification number

23-6251862
B Telephone number (see instructions)

(484) 243-6875
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$6,327,904J 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 36 36 36
4 Dividends and interest from securities... 161,768 161,768 161,768
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 159,036
b Gross sales price for all assets on line 6a 2,733,662
7 Capital gain net income (from Part IV, line 2)... 159,036
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
884 0 884
12 Total. Add lines 1 through 11........ 321,724 320,840 162,688
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
20,500 10,250 0 10,250
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
31,305 31,305 0 0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
12,611 3,611 0 0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 1,357 0 0 1,357
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
7,907 7,907 0 0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 73,680 53,073 0 11,607
25 Contributions, gifts, grants paid....... 334,700 334,700
26 Total expenses and disbursements. Add lines 24 and 25 408,380 53,073 0 346,307
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -86,656
b Net investment income (if negative, enter -0-) 267,767
c Adjusted net income (if negative, enter -0-)... 162,688
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............. 19,313 24,659 24,659
2 Savings and temporary cash investments......... 75,422 149,684 149,684
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 1,355,112 Click to see attachment
List of Attached Documents:
// Content
1,165,351 		1,166,720
b Investments—corporate stock (attach schedule)....... 2,661,113 Click to see attachment
List of Attached Documents:
// Content
2,635,447 		3,452,258
c Investments—corporate bonds (attach schedule)....... 1,320,943 Click to see attachment
List of Attached Documents:
// Content
1,400,967 		1,341,072
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).......... 208,326 Click to see attachment
List of Attached Documents:
// Content
193,511 		193,511
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) 5,640,229 5,569,619 6,327,904
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 6,214,236 6,214,236
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds -574,007 -644,617
29 Total net assets or fund balances (see instructions)..... 5,640,229 5,569,619
30 Total liabilities and net assets/fund balances (see instructions). 5,640,229 5,569,619
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
5,640,229
2
Enter amount from Part I, line 27a .....................
2
-86,656
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
16,046
4
Add lines 1, 2, and 3 ..........................
4
5,569,619
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
5,569,619
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 PUBLICLY TRADED SECURITIES P 2022-12-31 2023-12-31
b GLENMEDE CLIENT OPPORTUNITIES P 2022-12-31 2023-12-31
c MILL CREEK PRIVATE EQUITY FUND IV LP P 2022-12-31 2023-12-31
d
e
(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 2,718,851   2,574,626 144,225
b 1,486     1,486
c 13,325     13,325
d
e
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       144,225
b       1,486
c       13,325
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 2 159,036
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 3 159,036
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 3,722
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 3,722
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 3,722
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 1,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,000
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 2,722
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowPA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowMICHAEL KREKSTEIN ESQ Telephone no.right arrow (484) 243-6875

Located atright arrow610 W GERMANTOWN PIKE SUITE 350PLYMOUTH MEETINGPA ZIP+4right arrow19462
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
Yes
 
(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
 
No
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
JAY L GOLDBERG ESQUIRE TRUSTEE
10.00 		0 0 0
610 W GERMANTOWN PIKE SUITE 350
PLYMOUTH MEETING,PA19462
ANDREW GOLDBERG TRUSTEE
1.00 		0 0 0
610 W GERMANTOWN PIKE SUITE 350
PLYMOUTH MEETING,PA19462
MAXINE GOLDBERG TRUSTEE
1.00 		0 0 0
610 W GERMANTOWN PIKE SUITE 350
PLYMOUTH MEETING,PA19462
ELIZABETH COHEN TRUSTEE
1.00 		0 0 0
610 W GERMANTOWN PIKE SUITE 350
PLYMOUTH MEETING,PA19462
DAVID KHOURY TRUSTEE
1.00 		0 0 0
610 W GERMANTOWN PIKE SUITE 350
PLYMOUTH MEETING,PA19462
ELLEN COHEN TRUSTEE
1.00 		0 0 0
610 W GERMANTOWN PIKE SUITE 350
PLYMOUTH MEETING,PA19462
LISA KHOURY TRUSTEE
1.00 		0 0 0
610 W GERMANTOWN PIKE SUITE 350
PLYMOUTH MEETING,PA19462
MICHAEL KREKSTEIN TRUSTEE
1.00 		0 0 0
610 W GERMANTOWN PIKE SUITE 350
PLYMOUTH MEETING,PA19462
ANDREA COHEN TRUSTEE
1.00 		0 0 0
610 W GERMANTOWN PIKE SUITE 350
PLYMOUTH MEETING,PA19462
MICHAEL GOLDBERG TRUSTEE
1.00 		0 0 0
610 W GERMANTOWN PIKE SUITE 350
PLYMOUTH MEETING,PA19462
MARK DEITCHER TRUSTEE
1.00 		0 0 0
610 W GERMANTOWN PIKE SUITE 350
PLYMOUTH MEETING,PA19462
DAVID WHELLAN TRUSTEE
1.00 		0 0 0
610 W GERMANTOWN PIKE SUITE 350
PLYMOUTH MEETING,PA19462
RODGER CITRON TRUSTEE
1.00 		0 0 0
610 W GERMANTOWN PIKE SUITE 350
PLYMOUTH MEETING,PA19462
BARBARA COHEN TRUSTEE
1.00 		0 0 0
610 W GERMANTOWN PIKE SUITE 350
PLYMOUTH MEETING,PA19462
MARILN KHOURY TRUSTEE
1.00 		0 0 0
610 W GERMANTOWN PIKE SUITE 350
PLYMOUTH MEETING,PA19462
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
5,889,165
b
Average of monthly cash balances.......................
1b
90,332
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
5,979,497
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
5,979,497
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
89,692
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
5,889,805
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
294,490
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
294,490
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
3,722
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
3,722
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
290,768
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
290,768
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
290,768
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
346,307
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
346,307
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 7 290,768
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...... 41,286
b From 2019...... 39,998
c From 2020...... 42,491
d From 2021...... 10,676
e From 2022...... 17,779
f Total of lines 3a through e ........ 152,230
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 346,307
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..... 290,768
e Remaining amount distributed out of corpus 55,539
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 5 207,769
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) ... 		41,286
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		166,483
10 Analysis of line 9:
a Excess from 2019.... 39,998
b Excess from 2020.... 42,491
c Excess from 2021.... 10,676
d Excess from 2022.... 17,779
e Excess from 2023.... 55,539
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
MICHAEL KREKSTEIN ESQ
1801 MARKET STREET SUITE 1100
PHILADELPHIA,PA19103
(215) 893-9300
bThe form in which applications should be submitted and information and materials they should include:
N/A
cAny submission deadlines:
N/A
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
N/A
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

ALBRIGHT COLLEGE

13TH BERN STREETS PO BOX 15234
READING,PA19612 		NONE PC SCHOLARSHIP 2,650

ALVERNIA UNIVERSITY

400 ST BERNARDINE STREET
READING,PA19607 		NONE PC SCHOLARSHIP 2,650

AMERICAN FRIENDS OF MAGAN DAVID ODOM

20 WEST 36TH STREET SUITE 1100
NEW YORK,NY10018 		NONE PC GENERAL PURPOSES 10,000

ARDEN THEATER

40 NORTH 2ND STREET
PHILADELPHIA,PA19106 		NONE PC ARTS EDUCATION PROGRAM 1,500

ASTRAL ARTISTS

230 S BROAD STREET SUITE 300
PHILADELPHIA,PA19102 		NONE PC CLASSROOM CLASSICS 12,500

BETHEL PRESBYTERIAN FOOD PANTRY

1900 W YORK STREET
PHILADELPHIA,PA19132 		NONE PC FOOD DISTRIBUTION PROGRAM 2,000

BUCKNELL UNIVERSITY

621 ST GEORGE STREET
LEWISBURG,PA17837 		NONE PC SCHOLARSHIP 2,150

CARNERGIE MELLON UNIVERSITY

WARNER HALL ENROLLMENT SERVICES
A-19 5000 FORBES AVENUE
PITTSBURGH,PA15213 		NONE PC SCHOLARSHIP 5,300

CASA DEL CARMEN FOOD PANTRY

4400 N REESE STREET
PHILADELPHIA,PA19140 		NONE PC FOOD DISTRIBUTION PROGRAM 2,000

COMMUNITY COLLEGE OF PHILADELPHIA

1700 SPRING GARDEN STREET
PHILADELPHIA,PA191303991 		NONE PC SCHOLARSHIP 20,000

COVENANT HOUSE PHILADELPHIA

31 EAST ARMAT STREET
PHILADELPHIA,PA19144 		NONE PC SLEEP OUT FUNDRAISERGENERAL PURPOSE 5,000

DESALES UNIVERSITY

2755 STATION AVENUE
CENTER VALLEY,PA18034 		NONE PC SCHOLARSHIP 2,650

DREXEL UNIVERSITYDRE

3141 CHESTER STREET
PHILADELPHIA,PA19104 		NONE PC SCHOLARSHIP 2,650

EASTWICK MISSION HOUSE FOOD PANTRY

8321 LINDBERGH BLVD
PHILADELPHIA,PA19153 		NONE PC FOOD DISTRIBUTION PROGRAM 2,000

EINSTEIN HEALTHCARE NETWORK

5501 OLD YORK ROAD OFFICE OF
DEVELOPMENT
PHILADELPHIA,PA19141 		NONE PC MOSS REHAB APHASIA CENTER 7,500

FEAST OF JUSTICE

3101 TYSON AVENUE
PHILADELPHIA,PA19149 		NONE PC FOOD DISTRIBUTION PROGRAM 2,000

FRIENDS OF NEW YORK CITY NURSE-FAMILY PARTNERSHIPS

1035 5TH AVENUE 10 B
NEW YORK,NY10028 		NONE PC GENERAL PURPOSES 12,500

HAVERFORD COLLEGE

370 LANCASTER AVENUE
HAVERFORD,PA19041 		NONE PC SCHOLARSHIP 500

JEFFERSON CLINICAL RESEARCH

125 S 9TH STREET SUITE 600
PHILADELPHIA,PA19107 		NONE PC WORKFORCE DEVELOPMENT PIPELINE PROGRAM 15,000

JEVS HUMAN SERVICES

1845 WALNUT STREET 7TH FLOOR
PHILADELPHIA,PA191034707 		NONE PC GENERAL PURPOSES 17,500

KUTZTOWN UNIVERSITY

REGISTRARS OFFICE PO BOX 730
KUTZTOWN,PA195300730 		NONE PC SCHOLARSHIP - IDALMI RIVERA 4,000

MANNA

420 NORTH 20TH STREET
PHILADELPHIA,PA191303991 		NONE PC GENERAL PURPOSE 7,500

MASJIDULLAH INC

7433 LIMEKILN PIKE
PHILADELPHIA,PA19138 		NONE PC FOOD DISTRIBUTION PROGRAM 2,000

MATERNITY CARE COALITION

2000 HAMILTON STREET SUITE 205
PHILADELPHIA,PA19130 		NONE PC GENERAL PURPOSE 15,000

MISSION FIRST HOUSING

2042-48 ARCH STREET 2ND FLOOR
PHILADELPHIA,PA19103 		NONE PC FUND FOR VETERANS IN PHILADELPHIA 12,500

NORTHWEST MUTUAL AID COLLECTIVE

5608 BAYNTON STREET
PHILADELPHIA,PA19144 		NONE PC FOOD DISTRIBUTION PROGRAM 2,000

ONE LITTLE EARTH

7201 SHERMAN STREET
PHILADELPHIA,PA19119 		NONE PC ANNUAL FILM FESTIVAL 3,000

PA ACADEMY OF FINE ARTS

118-128 NORTH BROAD STREET
PHILADELPHIA,PA191021424 		NONE PC PAFA'S SUMMER ART CAMP 4,000

PENN STATE BERKS

DEVELOPMENT OFFICE 1801 BROADCASTIN
ROAD
READING,PA19610 		NONE PC SCHOLARSHIP HECTOR ESPINOZA 1,000

PENN STATE UNIVERSITY

OFFICE OF BURSAR SHIELDS BUILDING
103 CURTIN ROAD
UNIVERSITY PARK,PA16802 		NONE PC SCHOLARSHIP 2,650

PHILADELPHIA BALLET LOUISE REED CENTER FOR DANCE

323 N BROAD STREET
PHILADELPHIA,PA19107 		NONE PC DANCE CHANCE 12,500

PHILADELPHIA JEWISH SPORTS HALL OF FAME CO JAY L GOLDBERG

22 W LEVERING MILL ROAD
BALA CYNWYD,PA19004 		NONE PC GENERAL PURPOSE 1,200

PHILADELPHIA ORCHERSTRA

ONE SOUTH BROAD STREET 14TH FLOOR
PHILADELPHIA,PA19107 		NONE PC GENERAL PURPOSE 22,500

PREP FOR PREP

328 W 71ST STREET
NEW YORK,NY10023 		NONE PC POST-PLACEMENT COUNSELING PROGRAM 10,000

RIVERBEND ENVIRONMENTAL EDUCATION CENTER

1950 SPRING MILL ROAD
GLADWYNE,PA19035 		NONE PC NATURE-BASED STEM SERIES 2,000

ROCHESTER INSTITUTE OF TECHNOLOGY

OFFICE OF FINANCIAL AID SCHOLARSHIP
56 LOMB MEMORIAL DRIVE
ROCHESTER,NY14623 		NONE PC SCHOLARSHIP 2,650

RUBYE'S KIDS

8326 HIGH SCHOOL ROAD
ELKINS PARK,PA19027 		NONE PC GENERAL PURPOSES 1,000

SEAMAAC FOOD PANTRY

1711 S BROAD STREET
PHILADELPHIA,PA19148 		NONE PC FOOD DISTRIBUTION PROGRAM 2,000

SETTLEMENT MUSIC SCHOOL

PO BOX 63966
PHILADELPHIA,PA19147 		NONE PC GENERAL PURPOSE 2,000

SHIPPENSBURG UNIVERSITY

STUDENT ACCOUNT OFFICE OLD MAN 100
1871 OLD MAIN DRIVE
SHIPPENSBURG,PA17257 		NONE PC SCHOLARSHIP 2,650

SIMPLE WAY FOOD PANTRY

1412 BROADWAY SUITE 700
NK,NY10018 		NONE PC FOOD DISTRIBUTION PROGRAM 2,000

SUMMER SEARCH

90 BROAD STREET SUITE 701
NEW YORK,NY10004 		NONE PC GENERAL PURPOSE 15,000

SUPPORTIVE OLDER WOMEN'S NETWORK

4100 MAIN STREET SUITE 403
PHILADELPHIA,PA19127 		NONE PC PHILLY FAMILIES CONNECT 7,000

TAKE A SISTAH TO LUNCH

PO BOX 651
DEVON,PA19333 		NONE PC FOOD DISTRIBUTION PROGRAM 2,000

THE CHESTER FUND

1500 HIGHLAND AVEMUE
CHESTER,PA19013 		NONE PC CHESTER CHARTER SCHOOL FOR THE ARTS EARLY LITERACY PROGRAM 22,500

THE FRANKLIN INSTITUTE

222 NORTH 20TH STREET
PHILADELPHIA,PA191031194 		NONE PC COMMUNITY EDUCATION 2,500

WAGNER FREE INSTITUTE

1700 WEST MONTGOMERY AVENUE
PHILADELPHIA,PA19121 		NONE PC SCIENCE EDUCATION PROGRAMS 15,000

WEPAC

1410 N 31ST STREET
PHILADELPHIA,PA19121 		NONE PC GENERAL PURPOSE 2,000

WEST SIDE CENTER OF COMMUNITY LIFE

263 W 86TH STREET
NEW YORK,NY10024 		NONE PC WEST SIDE CAMPAIGN AGAINST HUNGER 10,000

WISTAR INSTITUTE

3601 SPRUCE STREET
PHILADELPHIA,PA19104 		NONE PC BIOMEDICAL TECHNICIAN TRAINING PROGRAM 12,500

ZION AME CHURCH FOOD PANTRY

1600 S 21ST STREET
PHILADELPHIA,PA19145 		NONE PC FOOD DISTRIBUTION PROGRAM 4,000
Total .................................right arrow 3a 334,700
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 36  
4 Dividends and interest from securities ....     14 161,768  
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 ............ 		    18 159,036  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aMILL CREEK PRIVATE EQUITY FUND IV LP 		    14 884  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 321,724 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
321,724
(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 InvestmentsCorpBondsSchedule
Name:
HASSEL FOUNDATION
 
C/O MICHAEL KREKSTEIN ESQ
EIN:
23-6251862
Name of Bond End of Year Book Value End of Year Fair Market Value
ABBVIE INC 3.2% 11/21/2029 9,038 9,383
ABBVIE INC 3.6% 05/14/2025 14,543 14,797
AIR PRODUCTS AND CHEMICALS INC 1.85% 05/15/2027 10,003 9,241
ALLY FINL INC 5.75% 11/20/2025 5,315 5,001
AMERIPRISE FINL INC 5.15% 05/15/2033 4,970 5,184
AMGEN INC 2.3% 02/25/2031 5,001 4,317
AMGEN INC 3.125% 05/01/2025 10,057 9,794
ANALOG DEVICES INC 1.7% 10/01/2028 4,822 4,455
APPLE INC 1.65% 05/11/2030 9,289 8,574
AT&T INC 2.3% 06/01/2027 10,237 9,300
AT&T INC 4.1% 02/15/2028 4,808 4,963
AT&T INC 4.35% 03/01/2029 15,770 15,019
ATMOS ENERGY CORP 1.5% 01/15/2031 11,929 12,299
BANK AMERICA CORP 2.687% 04/22/2032 4,307 4,248
BANK AMERICA CORP 3.248% 10/21/2027 10,602 9,577
BANK AMERICA CORP 3.419% 12/20/2028 20,503 18,858
BANK AMERICA CORP 3.5% 04/19/2026 15,809 14,700
BERKSHIRE HATHAWAY ENERGY CO 3.25% 04/15/2028 10,258 9,565
BERKSHIRE HATHAWAY ENERGY CO 3.5% 02/01/2025 24,814 24,968
BP CAP MKTS AMER INC 3.633% 04/06/2030 15,686 14,491
BRISTOL-MYERS SQUIBB CO 3.4% 07/26/2029 4,282 3,852
BRITISH TELECOMMUNICATIONS PLC 8.625% 12/15/2030 12,589 12,427
BROWN & BROWN INC 2.375% 03/15/2031 10,077 8,267
BROWN & BROWN INC 4.5% 03/15/2029 4,910 4,902
BUNGE LTD FIN CORP 1.63% 08/17/2025 4,993 4,757
BUNGE LTD FIN CORP 2.75% 05/14/2031 4,217 4,369
BURLINGTON NORTHN SANTA FE CP 3.75% 04/01/2024 5,021 5,022
CANADIAN NAT RES LTD MED TERM 3.85% 06/01/2027 14,773 14,613
CATERPILLAR INC 2.6% 09/19/2029 10,000 9,277
CITIGROUP INC 3.4% 05/01/2026 4,748 4,853
CITIGROUP INC 3.7% 01/12/2026 35,854 23,874
CITIGROUP INC 4.412% 03/31/2031 5,529 4,837
COMCAST CORP NEW 3.15% 02/15/2028 5,127 4,825
COMCAST CORP NEW 3.4% 04/01/2030 10,917 9,444
COMCAST CORP NEW 3.55% 05/01/2028 5,436 4,851
CONSTELLATION BRANDS INC 3.15% 08/01/2029 10,601 9,424
CSX CORP 3.35% 11/01/2025 10,169 9,793
CVS HEALTH CORP 3.75% 04/01/2030 4,539 4,750
DELL INTL LLC/EMC CORP 4.9% 10/01/2026 20,529 20,274
DEUTSCHE TELEKOM INTL FIN B V 8.25% 06/15/2030 12,844 12,102
DEVON ENERGY CORP NEW 5.85% 12/15/2025 10,545 10,132
DIGITAL RLTY TR LP 4.45% 07/15/2028 10,456 9,968
DOMINION ENERGY INC 4.25% 06/01/2028 16,582 14,746
DUKE ENERGY CORP NEW 4.3% 03/15/2028 28,274 29,953
EIDP INC 2.3% 07/15/2030 5,168 4,437
ELEVANCE HEALTH INC 2.375% 01/15/2025 30,262 29,461
ENBRIDGE INC 3.7% 07/15/2027 4,880 4,910
ENERGY TRANSFER L P 5.95% 12/01/2025 15,305 15,231
ENTERPRISE PRODS OPER LLC 5.35% 01/31/2033 5,132 5,344
EQUINOR ASA 2.875% 04/06/2025 10,021 9,822
EQUINOR ASA 3.125% 04/06/2030 10,573 9,463
FEDERAL EX CORP 2020-1AA 1.875% 08/20/2035 6,882 7,033
FEDEX CORP 3.25% 04/01/2026 4,856 4,872
FHLMC SUPER 15Y FIXED 2% 04/01/2037 22,807 22,797
FISERV INC 3.5% 07/01/2029 10,548 9,582
FISERV INC 3.85% 06/01/2025 14,936 14,762
FNMA SUPER INT 15 YEAR 2% 03/01/2037 25,145 25,196
FNMA UMBS LNG 30 YEAR 3% 04/01/2052 40,939 40,014
FNMA UMBS LNG 30 YEAR 3.5% 05/01/2052 67,032 66,681
FORD MTR CO 3.25% 02/12/2032 3,828 4,221
GENERAL MTRS CO 6.125% 10/01/2025 5,312 5,143
GENERAL MTRS FINL CO INC 5.85% 04/06/2030 9,728 10,449
GOLDMAN SACHS GROUP INC 3.272% 09/29/2025 14,305 14,869
GOLDMAN SACHS GROUP INC 3.691% 06/05/2028 24,692 23,950
HOME DEPOT INC 2.7% 04/15/2030 9,684 9,189
HOWMET AEROSPACE INC 6.875% 05/01/2025 20,484 20,485
INTEL CORP 3.9% 03/25/2030 11,034 9,792
INTERPUBLIC GROUP COS INC 4.75% 03/30/2030 10,639 9,953
JPMORGAN CHASE & CO 3.3% 04/01/2026 13,982 14,642
JPMORGAN CHASE & CO 3.702% 05/06/2030 16,153 14,200
JPMORGAN CHASE & CO 4.005% 04/23/2029 5,103 4,848
KINDER MORGAN INC DEL 2% 02/15/2031 4,911 4,188
LINCOLN NATL CORP IND 3.05% 01/15/2030 4,239 4,487
LINCOLN NATL CORP IND 3.625% 12/12/2026 10,561 9,834
MARTIN MARIETTA MATLS INC 2.5% 03/15/2030 5,115 4,438
MARTIN MARIETTA MATLS INC 4.25% 07/02/2024 10,014 10,134
MARVELL TECHNOLOGY INC 2.45% 04/15/2028 9,546 9,075
MARVELL TECHNOLOGY INC 2.95% 04/15/2031 4,404 4,400
MICROCHIP TECHNOLOGY INC. 4.25% 09/01/2025 10,027 9,990
MOHAWK INDS INC 3.625% 05/15/2030 10,453 9,286
MORGAN STANLEY 4% 07/23/2025 5,212 5,015
MORGAN STANLEY 4.431% 01/23/2030 31,721 29,799
NATIONAL RURAL UTILS COOP FIN 2.4% 03/15/2030 10,091 8,748
NATIONAL RURAL UTILS COOP FIN 3.4% 02/07/2028 10,087 9,719
NORTHROP GRUMMAN CORP 4.4% 05/01/2030 16,209 15,026
NUCOR CORP 2.7% 06/01/2030 15,522 13,612
NUTRIEN LTD 2.95% 05/13/2030 10,373 9,070
NVIDIA CORPORATION 3.2% 09/16/2026 14,401 14,731
ORANGE S A 8.5% 03/01/2031 13,479 12,648
PFIZER INVT ENTERPRISES 4.65% 05/19/2030 9,951 10,123
PRINCIPAL FINANCIAL GROUP INC 3.1% 11/15/2026 15,021 14,342
PRUDENTIAL FINL INC 3.878% 03/27/2028 4,194 3,938
RELIANCE INC 1.3% 08/15/2025 10,021 9,402
RELX CAPITAL INC 3% 05/22/2030 10,613 9,233
ROCKWELL COLLINS INC 3.2% 03/15/2024 9,597 10,044
ROPER TECHNOLOGIES INC 2% 06/30/2030 8,279 8,589
SABRA HLTH CARE LP/SABRA CAP C 3.2% 12/01/2031 4,981 4,103
SABRA HLTH CARE LP/SABRA CAP C 5.125% 08/15/2026 5,309 5,006
SHELL INTERNATIONAL FIN BV 2.75% 04/06/2030 10,010 9,198
SHELL INTERNATIONAL FIN BV 2.875% 05/10/2026 5,042 4,839
SOUTHERN CO GAS CAP 3.25% 06/15/2026 15,380 14,454
SOUTHWEST AIRLS CO 3% 11/15/2026 9,298 9,554
T MOBILE USA INC 3.875% 04/15/2030 9,289 9,564
TARGET CORP 2.65% 09/15/2030 10,222 9,029
TORONTO DOMINION BK ONT 1.25% 09/10/2026 9,015 9,174
TOYOTA MTR CR CORP 3.375% 04/01/2030 15,412 14,224
TRUIST FINL CORP 4% 05/01/2025 10,160 9,892
UDR INC 3% 08/15/2031 8,728 8,947
UNITEDHEALTH GROUP INC 3.75% 07/15/2025 10,028 10,027
VALERO ENERGY CORP 7.5% 04/15/2032 5,627 5,828
VENTAS RLTY LTD PARTNERSHIP 4% 03/01/2028 10,772 9,686
VERIZON COMMUNICATIONS INC 2.625% 08/15/2026 17,766 19,246
VERIZON COMMUNICATIONS INC 4.329% 09/21/2028 15,559 15,017
VODAFONE GROUP PLC 4.125% 05/30/2025 20,083 19,799
WARNERMEDIA HLDGS INC 4.279% 03/15/2032 8,691 9,277
WELLS FARGO & CO 2.879% 10/30/2030 8,505 8,938
WELLS FARGO & CO 3.584% 05/22/2028 21,434 19,127
WESTROCK CO 4% 03/15/2028 5,412 4,880

TY 2023 InvestmentsCorpStockSchedule
Name:
HASSEL FOUNDATION
 
C/O MICHAEL KREKSTEIN ESQ
EIN:
23-6251862
Name of Stock End of Year Book Value End of Year Fair Market Value
FRANKLIN U.S. LOW VOLATILITY HIGH DIVIDEND INDEX ETF 153,049 176,028
HARTFORD MULTIFACTOR DEVELOPED MARKETS EX US 385,759 363,152
ISHARES CORE MSCI EMERGING MARKETS ETF 166,709 170,455
ISHARES CORE MSCI TOTAL INTERNATIONAL STOCK ETF 519,233 536,378
ISHARES MSCI EAFE SMALL-CAP ETF 133,308 141,132
ISHARES MSCI USA QUALITY FACTOR ETF 166,303 173,739
VANGUARD GROWTH ETF 451,620 847,325
VANGUARD SMALL CAP VALUE ETF 55,010 91,646
VANGUARD SMALL-CAP GROWTH ETF 76,807 92,709
VANGUARD VALUE ETF 527,649 859,694

TY 2023 InvestmentsGovtObligationsSch
Name:
HASSEL FOUNDATION
 
C/O MICHAEL KREKSTEIN ESQ
EIN:
23-6251862
US Government Securities - End of Year Book Value:

1,165,351
US Government Securities - End of Year Fair Market Value:

1,166,720
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:
HASSEL FOUNDATION
 
C/O MICHAEL KREKSTEIN ESQ
EIN:
23-6251862
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
MILL CREEK PRIVATE EQUITY FUND IV AT COST 28,651 28,651
GLENMEDE CLIENT OPPORTUNITIES LLC AT COST 164,860 164,860

TY 2023 LegalFeesSchedule
Name:
HASSEL FOUNDATION
 
C/O MICHAEL KREKSTEIN ESQ
EIN:
23-6251862
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 20,500 10,250 0 10,250


TY 2023 OtherExpensesSchedule
Name:
HASSEL FOUNDATION
 
C/O MICHAEL KREKSTEIN ESQ
EIN:
23-6251862
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK FEES 67 67 0 0
K-1 GLENMEDE CLIENT OPPORTUNITIES 1,411 1,411 0 0
K-1 MILL CREEK PRIVATE EQUITY FUND IV LP 3,221 3,221 0 0
K-1 GLENMEDE CLIENT OPPORTUNITIES (OTHER INCOME) 3,208 3,208 0 0


TY 2023 OtherIncomeSchedule2
Name:
HASSEL FOUNDATION
 
C/O MICHAEL KREKSTEIN ESQ
EIN:
23-6251862
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
MILL CREEK PRIVATE EQUITY FUND IV LP 884   884


TY 2023 OtherIncreasesSchedule
Name:
HASSEL FOUNDATION
 
C/O MICHAEL KREKSTEIN ESQ
EIN:
23-6251862
Description Amount
BOOK/TAX DIFFERENCE 16,046


TY 2023 OtherProfessionalFeesSchedule
Name:
HASSEL FOUNDATION
 
C/O MICHAEL KREKSTEIN ESQ
EIN:
23-6251862
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADVISORY FEES 31,305 31,305 0 0


TY 2023 TaxesSchedule
Name:
HASSEL FOUNDATION
 
C/O MICHAEL KREKSTEIN ESQ
EIN:
23-6251862
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX 9,000 0 0 0
FOREIGN TAX 3,611 3,611 0 0