TY 2023 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go 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
Frank McHugh-O'Donovan Foundation Inc

% Foundation Source

Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377

A Employer identification number

20-0842449

B Telephone number (see instructions)

(800) 839-1754

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$83,898,232J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)	0
2	Check .............
3	Interest on savings and temporary cash investments	61,241		61,241
4	Dividends and interest from securities...	1,481,575		1,481,575
5a	Gross rents............	1,032,526		1,032,526
b	Net rental income or (loss) 168,597
6a	Net gain or (loss) from sale of assets not on line 10		2,607,450
b	Gross sales price for all assets on line 6a 15,850,375
7	Capital gain net income (from Part IV, line 2)...			2,230,859
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).......	List of Attached Documents: // Content	217,152	217,152
12	Total. Add lines 1 through 11........	5,399,944		5,023,353
13	Compensation of officers, directors, trustees, etc.	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	27,505	27,505	0	0
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	5,374	0	0	5,374
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	282,187	282,187
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	429,221	371,221
19	Depreciation (attach schedule) and depletion...	List of Attached Documents: // Content	211,541	211,541	0
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	409,161	279,220		129,941
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	1,364,989		1,171,674	0	135,315
25	Contributions, gifts, grants paid.......	8,694,000				8,694,000
26	Total expenses and disbursements. Add lines 24 and 25	10,058,989		1,171,674	0	8,829,315
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-4,659,045
b	Net investment income (if negative, enter -0-)			3,851,679
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2023)

Form 990-PF (2023)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	4,755,575	3,725,459	3,725,459
	3	Accounts receivable 1,647
		Less: allowance for doubtful accounts		1,647	1,647
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	696,425	List of Attached Documents: // Content 888,754	879,984
	b	Investments—corporate stock (attach schedule).......	33,702,516	List of Attached Documents: // Content 27,296,638	40,988,350
	c	Investments—corporate bonds (attach schedule).......	1,098,730	List of Attached Documents: // Content 1,595,401	1,610,924
	11	Investments—land, buildings, and equipment: basis 14,336,865
		Less: accumulated depreciation (attach schedule) 1,038,005	13,448,469	List of Attached Documents: // Content 13,298,860	23,610,000
	12	Investments—mortgage loans.............	3,354,926	3,354,925	3,354,926
	13	Investments—other (attach schedule)..........	6,152,164	List of Attached Documents: // Content 8,392,851	9,726,942
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	63,208,805	58,554,535	83,898,232
	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 )	List of Attached Documents: // Content 63,610	List of Attached Documents: // Content 68,385
	23	Total liabilities (add lines 17 through 22).........	63,610	68,385
		Foundations that follow FASB ASC 958, check here
		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
		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	63,145,195	58,486,150
	29	Total net assets or fund balances (see instructions).....	63,145,195	58,486,150
	30	Total liabilities and net assets/fund balances (see instructions).	63,208,805	58,554,535

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

63,145,195

Enter amount from Part I, line 27a .....................

-4,659,045

Other increases not included in line 2 (itemize) right arrow

Add lines 1, 2, and 3 ..........................

58,486,150

Decreases not included in line 2 (itemize) right arrow

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

58,486,150

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
b	Passthrough K1 Capital Gain/(Loss)
c	TANK	D	2018-12-28	2023-12-29
d	HAZ WASTE RMVL 10	D	2018-12-28	2023-12-29
e	HAZ WASTE RMVL 09	D	2018-12-28	2023-12-29
	LAND-DEM&ASB REM 916 W 9TH	D	2018-12-28	2023-12-29
	LAND-DEM&ASB REM 845 W OLYMPIC	D	2018-12-28	2023-12-29
	LAND-DEM BLDG (916 W 9TH)	D	2018-12-28	2023-12-29
	LAND-DEM BLDG (845 W OLYMPIC)	D	2018-12-28	2023-12-29
	STOVE (10206-08 INGLEWOOD)	D	2018-12-28	2023-12-29
	HEATERS &GAS LINES	D	2018-12-28	2023-12-29
	BLINDS (10206-08 INGLEWOOD)	D	2018-12-28	2023-12-29
	APPLIANCES	D	2018-12-28	2023-12-29

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	15,850,375	13,241,028	2,609,347
b			-1,890
c		1	-1
d		1	-1
e		1	-1
		119,016	-119,016
		1	-1
		257,577	-257,577
		1	-1

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
b
c			-1
d			-1
e			-1
			-119,016
			-1
			-257,577
			-1

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	2,230,859
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 ...................		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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	53,538
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	53,538
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	53,538
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	59,070
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	600
d	Backup withholding erroneously withheld ..........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	59,670
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. List of Attached Documents: // Content		8	1
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	6,131
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax6,131	Refunded	11

Form 990-PF (2023)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

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? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

The books are in care of right arrow

Foundation Source Telephone no. right arrow

(800) 839-1754

Located at right arrow

55 WALLS DRIVE FL 3FairfieldCT ZIP+4 right arrow

06824

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

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)

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

Yes

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

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? .............

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)):

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?....................

If "Yes," list the years right arrow

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

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.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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? ..

Form 990-PF (2023)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

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? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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? .........................

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
Celina McHugh List of Attached Documents: // Content	Dir 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir 1.0	0	0	0
Patricia McHugh List of Attached Documents: // Content	Dir, CEO 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, CEO 1.0	0	0	0
Theresa M McHugh List of Attached Documents: // Content	Dir, Sec, VP 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Sec, VP 1.0	0	0	0

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










Total number of other employees paid over $50,000...................

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
Wells Fargo	Investment mgmt	136,726
PO Box 95021 HENDERSON,NV890095021	Investment mgmt	136,726
Morgan Stanley	Investment mgmt	123,159
15260 ventura blvd ste 1900 SHERMAN OAKS,CA91403	Investment mgmt	123,159
Foundation Source	Administrative	123,220
55 Walls Drive 3rd Fl Fairfield,CT06824	Administrative	123,220

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


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... right arrow

Form 990-PF (2023)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

43,264,372

Average of monthly cash balances.......................

3,816,625

Fair market value of all other assets (see instructions)................

36,150,921

Total (add lines 1a, b, and c).........................

83,231,918

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

83,231,918

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

1,248,479

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

81,983,439

Minimum investment return. Enter 5% (0.05) of line 5................

4,099,172

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.)

Minimum investment return from Part IX, line 6..................

4,099,172

Tax on investment income for 2022 from Part V, line 5.......

53,538

Income tax for 2022. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

53,538

Distributable amount before adjustments. Subtract line 2c from line 1............

4,045,634

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

4,045,634

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

4,045,634

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

8,829,315

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

8,829,315

Form 990-PF (2023)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(c) 2022	(d) 2023
1 Distributable amount for 2023 from Part X, line 7				4,045,634
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......			4,682,104
b Total for prior years:2021, 2020, 2019
3 Excess distributions carryover, if any, to 2022:
a From 2018......
b From 2019......
c From 2020......
d From 2021......
e From 2022......
f Total of lines 3a through e ........
4Qualifying distributions for 2023 from Part
XI, line 4: $ 8,829,315
a Applied to 2022, but not more than line 2a			4,682,104
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.....				4,045,634
e Remaining amount distributed out of corpus		101,577
5 Excess distributions carryover applied to 2023.
(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		101,577
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 ..........				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) .......
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 ......		101,577
10 Analysis of line 9:
a Excess from 2019....
b Excess from 2020....
c Excess from 2021....
d Excess from 2022....
e Excess from 2023....	101,577

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 4942(j)(3) or4942(j)(5)

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	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

NONE

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here right arrow

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2023)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
BALLONA WETLANDS LAND TRUST PO BOX 5623 PLAYA DEL REY,CA90296	N/A	PC	Campus Outreach, General Outreach, Outdoor Nature Education and Research (Internship)	6,120
CATHOLIC SCHOOLS COLLABORATIVE 3108 GLENDALE BLVD 652 LOS ANGELES,CA90039	N/A	PC	Implementation of CSC SIMPLE Whole Child, Whole School, Whole Community Model	100,000
DIY GIRLS 1201 TRUMAN ST STE D2 SAN FERNANDO,CA91340	N/A	PC	General Operating Fund	50,000
FRIENDS OF BALLONA WETLANDS 211 CULVER BLVD STE N PLAYA DEL REY,CA90293	N/A	PC	General Support	10,000
FRIENDS OF THE LOS ANGELES RIVER 570 W AVE 26 STE 250 LOS ANGELES,CA90065	N/A	PC	The FoLAR Resilience Lab at the Harvard-Westlake River Park Campus	200,000
HENRY E HUNTINGTON LIBRARY & ART GALLERY 1151 OXFORD RD SAN MARINO,CA91108	N/A	PC	Education Programs	25,000
HOMES FOR LIFE FOUNDATION 8939 S SEPULVEDA STE 460 LOS ANGELES,CA90045	N/A	PC	Medical Services Coordinator Fund	80,000
LAS FAMILIAS DEL PUEBLO 1400 S BROADWAY LOS ANGELES,CA90015	N/A	PC	General Support	30,000
LOS ANGELES ARBORETUM FOUNDATION INC 301 N BALDWIN AVE ARCADIA,CA91007	N/A	PC	Arboretum Visitor Plaza Entrance Project	200,000
LOS ANGELES BOYS & GIRLS CLUB 2635 PASADENA AVE LOS ANGELES,CA90031	N/A	PC	PROJECT LEARN: EVERY CHILD COLLEGE READY	20,000
MESIVTA OF GREATER LOS ANGELES 25115 MUREAU RD HIDDEN HILLS,CA91302	N/A	PC	General support	30,000
NATURE CONSERVANCY 4245 N FAIRFAX DRIVE STE 100 ARLINGTON,VA22203	N/A	PC	Proctor Valley	1,000,706
SACRED HEART HIGH SCHOOL 2111 GRIFFIN AVE LOS ANGELES,CA90031	N/A	PC	Grateful Hearts Project - The Community Service Days Initiative	23,174
ST CORNELIUS CATHOLIC CHURCH 5500 E WARDLOW RD LONG BEACH,CA90808	N/A	PC	Remodel and roofing connected to school	500,000
ST GENEVIEVE HIGH SCHOOL 13967 ROSCOE BLVD PANORAMA CITY,CA91402	N/A	PC	Phase 1 Campus Master Plan Project including the Center for Performing Arts Complex and Parish Fellowship Center Construction Project	594,000
ST GENEVIEVE HIGH SCHOOL 13967 ROSCOE BLVD PANORAMA CITY,CA91402	N/A	PC	St. Genevieve Parish Schools Phase I Inspiration Building Project	4,500,000
ST MONICA ACADEMY INC 2361 DEL MAR RD MONTROSE,CA91020	N/A	PC	Renovation of School Entrance	59,000
STELLA ADLER THEATRE 6773 HOLLYWOOD BLVD 2ND FLOOR HOLLYWOOD,CA90028	N/A	PC	General Support	300,000
TASHBAR SEPHARDIC YESHIVA KETANA 1210 S LA CIENEGA BLVD LOS ANGELES,CA90035	N/A	PC	General Support	10,000
THE CHILDRENS LIFE-SAVING FOUNDATION 1112 MONTANA AVE SUITE 534 SANTA MONICA,CA90403	N/A	PC	General Support	20,000
TREEPEOPLE INC 12601 MULHOLLAND DR BEVERLY HILLS,CA90210	N/A	PC	Empowering and Activating Youth for a Greener Future	165,000
VALLEY VILLAGE 20830 SHERMAN WAY WINNETKA,CA91306	N/A	PC	Operating Support toward the Stable Transition to a New Executive Director	20,000
VENTURA COUNTY FARM TO SCHOOL 4001 MISSION OAKS BLVD STE T CAMARILLO,CA93012	N/A	PC	Strategic Plan Implementation and General Support	175,000
VISION TO LEARN 12100 WILSHIRE BLVD STE 1275 LOS ANGELES,CA90025	N/A	PC	Fund for Free Eye Exams and Prescription Glasses for Los Angeles Children in Need	561,000
YESHIVAT OHR CHANOCH INC 1540 S ROBERTSON BLVD LOS ANGELES,CA90035	N/A	PC	General support	15,000
Total ................................. 3a				8,694,000

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
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	61,241
4 Dividends and interest from securities ....			14	1,481,575
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....				168,597
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	2,607,450
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aK-1 Inc/Loss			14	9,262
bCLASS ACTION LAWSUIT PROCEEDS			01	16
cINTEREST INCOME FROM MORTGAGE LOANS			14	205,112
dINCOME FROM RENTAL PROPERTIES			01	2,762
e
12 Subtotal. Add columns (b), (d), and (e) ..				4,536,015

13Total. Add line 12, columns (b), (d), and (e)..................

4,536,015

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2023)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2023 AccountingFeesSchedule

Name:

Frank McHugh-O'Donovan Foundation Inc

EIN:

20-0842449

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Audit Fees	5,374			5,374

- TIN:

TY 2023 CompensationExplanation

Name:

Frank McHugh-O'Donovan Foundation Inc

EIN:

20-0842449

Person Name	Explanation
Theresa M McHugh	*THERESA M MCHUGH, DIRECTOR, SECRETARY AND VICE PRESIDENT OF FRANK MCHUGH-O'DONOVAN FOUNDATION, INC. (THE "FOUNDATION"), IS PRESIDENT AT THE PROPERTY MANAGEMENT FIRM OF LA PROPERTY & ASSET MANAGEMENT CORPORATION, A DISQUALIFIED PERSON WHICH PROVIDES PROFESSIONAL LABOR SERVICES TO THE FOUNDATION. DURING THE TAXABLE YEAR ENDING DECEMBER 31, 2023, THE FOUNDATION PAID $22,829 FOR LEGAL AND PROFESSIONAL LABOR SERVICES RENDERED BY SUCH DISQUALIFIED PERSON AS REPORTED IN FORM 990-PF, PART I, LINES 16A AND 16C. SUCH PROPERTY MANAGEMENT FIRM BILLED THE FOUNDATION AT OR BELOW THE RATE IT CHARGES ITS OTHER CLIENTS.

Person Name

Explanation

Theresa M McHugh

*THERESA M MCHUGH, DIRECTOR, SECRETARY AND VICE PRESIDENT OF FRANK MCHUGH-O'DONOVAN FOUNDATION, INC. (THE "FOUNDATION"), IS PRESIDENT AT THE PROPERTY MANAGEMENT FIRM OF LA PROPERTY & ASSET MANAGEMENT CORPORATION, A DISQUALIFIED PERSON WHICH PROVIDES PROFESSIONAL LABOR SERVICES TO THE FOUNDATION. DURING THE TAXABLE YEAR ENDING DECEMBER 31, 2023, THE FOUNDATION PAID $22,829 FOR LEGAL AND PROFESSIONAL LABOR SERVICES RENDERED BY SUCH DISQUALIFIED PERSON AS REPORTED IN FORM 990-PF, PART I, LINES 16A AND 16C. SUCH PROPERTY MANAGEMENT FIRM BILLED THE FOUNDATION AT OR BELOW THE RATE IT CHARGES ITS OTHER CLIENTS.

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2023 DepreciationSchedule

Name:

Frank McHugh-O'Donovan Foundation Inc

EIN:

20-0842449

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
AIR RIGHTS (845 W	2018-12-28	2,756,000	0	SL				0
BLDG IMP REPIPE IN	2019-07-19	143,530	17,832	SL	27	5,219	5,219	0
BLDG IMP REPIPE 68	2020-02-28	65,100	6,707	SL	27	2,367	2,367	0
BUILDING - 10 UNIT	2018-12-28	502,557	87,888	SL	27	21,972	21,972	0
BUILDING - 20 UNIT	2018-12-28	1,392,374	281,036	SL	27	70,259	70,259	0
BUILDING - 3 STORE	2018-12-28	90,992	16,628	SL	39	4,157	4,157	0
BUILDING - 7 STORE	2018-12-28	339,141	48,600	SL	39	12,150	12,150	0
BUILDING - 8 STORE	2018-12-28	1,255,000	162,024	SL	39	40,506	40,506	0
BUILDING - AUTO RE	2018-12-28	145,000	18,288	SL	39	4,572	4,572	0
BLDG IMP - 1/1/18	2018-12-28	78,522	11,832	SL	27	2,958	2,958	0
BLDG IMP - 2/2/04	2018-12-28	2,706	856	SL	27	214	214	0
BLDG IMP - 6/30/17	2018-12-28	19,963	3,076	SL	27	769	769	0
BLDG IMP - 9/29/12	2018-12-28	1,239	236	SL	27	59	59	0
BLDG IMP 12/1/12	2018-12-28	31,200	3,788	SL	39	947	947	0
CARPET (1381 S WAL	2018-12-28	827	292	SL	15	73	73	0
CHURCH	2018-12-28	121,000	15,256	SL	39	3,814	3,814	0
CONCRETE CEMENT AS	2018-12-28	8,000	1,112	SL	39	278	278	0
CONDOMINIUM	2018-12-28	192,000	40,936	SL	27	10,234	10,234	0
DECK	2018-12-28	1,256	312	SL	27	78	78	0
ELECTRICAL IMP	2018-12-28	1,733	220	SL	39	55	55	0
FENCE	2018-12-28	564	176	SL	37	44	44	0
RAILING	2018-12-28	804	248	SL	27	62	62	0
RETROFIT SITUATION	2018-12-28	20,348	5,024	SL	27	1,256	1,256	0
ROOF (1139 E 68TH)	2018-12-28	1,559	380	SL	27	95	95	0
ROOF - 1/30/12	2018-12-28	1,889	236	SL	39	59	59	0
ROOF - 1/31/10	2018-12-28	742	160	SL	27	40	40	0
ROOF - 1/31/13	2018-12-28	2,509	464	SL	27	116	116	0
ROOF - 3/31/13	2018-12-28	10,199	1,880	SL	27	470	470	0
ROOF - 4/30/21	2021-04-30	64,940	2,775	SL	39	1,665	1,665	0
ROOF - 4/30/22	2022-04-30	45,550	779	SL	39	1,168	1,168	0
ROOF - 9/8/18	2018-12-28	35,349	3,652	SL	39	913	913	0
ROOF - 10/30/09	2018-12-28	1,599	348	SL	27	87	87	0
ROOF - 11/17/04	2018-12-28	4,529	728	SL	39	182	182	0
SEC BARS - 10/3/11	2018-12-28	1,104	220	SL	27	55	55	0
SEC BARS -11/19/04	2018-12-28	369	108	SL	27	27	27	0
TILE FLOOR &SHOWER	2018-12-28	1,441	180	SL	39	45	45	0
TILE FLOOR-1/9/13	2018-12-28	1,389	256	SL	27	64	64	0
TILE FLOOR-1/14/13	2018-12-28	1,958	364	SL	27	91	91	0
TILE FLOOR-1/25/13	2018-12-28	1,292	240	SL	27	60	60	0
TILE FLOOR-2/21/13	2018-12-28	803	148	SL	27	37	37	0
TILE FLOOR-8/12/13	2018-12-28	2,458	444	SL	27	111	111	0
TILE FLOOR-8/28/13	2018-12-28	2,412	436	SL	27	109	109	0
TILE FLOOR-10/7/12	2018-12-28	2,129	400	SL	27	100	100	0
TILE FLOOR-12/8/12	2018-12-28	2,093	392	SL	27	98	98	0
WOODEN BEAMS	2018-12-28	4,001	952	SL	27	238	238	0
CARPET (10206-08 I	2018-12-28	449	160	SL	15	40	40	0
HVAC (1271-89 W JE	2018-12-28	27,990	2,872	SL	39	718	718	0
HVAC (1381 S WALNU	2018-12-28	2,443	428	SL	39	107	107	0
WATER HTR INGLEWOO	2019-02-10	7,135	5,530	SL	5	1,427	1,427	0
WATER HTR 1271-89	2019-05-29	2,950	1,509	SL	7	421	421	0
LAND (10206-08 ING	2018-12-28	541,000	0	L				0
LAND (1139 E 68TH)	2018-12-28	191,000	0	L				0
LAND (1271-89 W JE	2018-12-28	962,000	0	L				0
LAND (1381 S WALNU	2018-12-28	133,000	0	L				0
LAND (2552 E 57TH)	2018-12-28	144,708	0	L				0
LAND (310 W AVE)	2018-12-28	70,597	0	L				0
LAND (45132 SPEARM	2018-12-28	235,000	0	L				0
LAND (5001-13 S HO	2018-12-28	178,000	0	L				0
LAND (5269-73 S BR	2018-12-28	110,000	0	L				0
LAND (6080-84 S HO	2018-12-28	399,000	0	L				0
LAND (845 W OLYMPI	2018-12-28	2,514,297	0	L				0
LAND (916 W 9TH)	2018-12-28	1,260,667	0	L				0
LAND IMP-FENCE(526	2018-12-28	1,075	400	SL	15	100	100	0
LIGHTING & ELECTRI	2018-12-28	913	668	SL	15	167	167	0
PARKING LOT (845 W	2018-12-28	78,788	57,296	SL	15	14,324	14,324	0
PARKING LOT PAV 09	2018-12-28	23,236	9,068	SL	15	2,267	2,267	0
PARKING LOT PAV 10	2018-12-28	16,095	5,988	SL	15	1,497	1,497	0
PAVING (1271-89 W	2018-12-28	14,413	4,636	SL	15	1,159	1,159	0
APPLIANCES	2018-12-28	479	479	SL	5
BLINDS & LOCKS	2018-12-28	450	450	SL	5
BLINDS (10206-08 I	2018-12-28	253	253	SL	5
HEATERS &GAS LINES	2018-12-28	9,536	9,536	SL	5
STOVE (10206-08 I	2018-12-28	299	299	SL	5
LAND-DEM BLDG (845	2018-12-28	1	0	L
LAND-DEM BLDG (916	2018-12-28	1	0	L
LAND-DEM&ASB REM 8	2018-12-28	1	0	L
LAND-DEM&ASB REM 9	2018-12-28	1	0	L
HAZ WASTE RMVL 09	2018-12-28	1	0	SL
HAZ WASTE RMVL 10	2018-12-28	1	0	SL
TANK	2018-12-28	1	0	SL
KITCHEN 2023	2023-03-10	8,400		SL	27	255	255	0
SHOWER 2023 (1139	2023-02-28	5,500		SL	27	167	167	0
ROOF 2023	2023-06-05	42,089		SL	27	893	893	0
SHOWER 2023 (10206	2023-06-06	5,950		SL	27	126	126	0

- TIN:

TY 2023 GeneralExplanationAttachment

Name:

Frank McHugh-O'Donovan Foundation Inc

EIN:

20-0842449

Identifier	Return Reference	Explanation
FORMS 926	FORMS 926	The Foundation has prepared these forms to the best of its ability based on the limited information provided to it by the investments on which the Foundation is reporting and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.

- TIN:

TY 2023 InvestmentsCorpBondsSchedule

Name:

Frank McHugh-O'Donovan Foundation Inc

EIN:

20-0842449

Name of Bond	End of Year Book Value	End of Year Fair Market Value
AMAZON INC - 2.100% - 05/12/20	24,497	21,563
ANTHEM INC NOTE - 3.650% - 12/	21,216	19,372
AT&T, INC - 2.550% - 12/01/203	19,750	22,027
ATT INC - 3.800% - 02/15/2027	14,508	14,647
BANK AMER CORP MTN - 2.884% -	24,626	21,314
BK OF AMERICA CORP SER N MTN -	8,636	8,915
BP CAP MARKETS - 3.119% - 05/0	24,860	24,191
CAPITAL ONE FINL CORP NOTE - 3	29,113	28,663
CITIGROUP INC NOTE - 3.668% -	24,038	20,982
COMCAST CORP - 3.300% - 02/01/	27,651	24,133
COMCAST CORP NOTE - 4.150% - 1	24,311	20,725
CVS CAREMARK CORP NOTE - 4.300	35,253	32,479
DIGITAL RLTY TR INC - 3.700% -	21,176	19,291
DISNEY WALT CO - 2.000% - 09/0	29,268	26,630
DOMINION ENERGY INC SER C NOTE	14,967	15,673
ENTERPRISE PRODUCTS OPERTATING	24,683	23,698
GOLDMAN SACHS - 3.800% - 03/15	24,612	20,693
GOLDMAN SACHS GROUP INC NOTE -	25,050	24,491
HOME DEPOT - 3.000% - 04/01/20	29,133	29,081
JP MORGAN CHASE BANK - 4.203%	32,974	28,206
JPMORGAN CHASE & CO NOTE - 4.9	13,166	13,864
JPMORGAN CHASE &CO NOTE - 2.95	25,882	23,824
MCDONALDS CORP - 3.700% - 01/3	27,295	24,577
METLIFE - 3.600% - 04/10/2024	31,604	29,832
MITSUBISHI UFJ FIN - 3.850% -	25,157	24,418
MORGAN STANLEY - 0.000% - 06/0	749,999	816,788
MORGAN STANLEY SER I MTN - 2.9	14,713	15,348
ORACLE CORP - 2.950% - 04/01/2	8,619	9,033
SANTANDER UK PLC - 4.000% - 03	26,833	24,910
SHELL INT'L FINANCE - 2.875% -	23,627	21,184
SIMON PROPERTY GROUP LP SENIOR	26,521	23,967
STATE STR CORP - 3.550% - 08/1	25,821	24,530
UNITED STATES TREAS SER BONDS	34,074	36,205
VERIZON COMMUNICATIONS - 4.125	24,093	20,706
WELLS FARGO & CO SER U - 3.350	14,289	14,891
WELLS FARGO - 3.584% - 05/22/2	23,955	20,979
WESTPAC BANKING CORP - 3.400%	19,431	19,094

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

Frank McHugh-O'Donovan Foundation Inc

EIN:

20-0842449

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBEY CAPITAL FUTURES STRATEGY	250,000	241,950
ABBVIE INC	69,172	48,041
ACAP STRATEGIC FUND CLASS W	400,000	386,857
ACCENTURE PLC	26,457	32,965
AIRBNB	22,278	31,448
ALPHABET INC CL A	64,773	419,070
ALPHABET INC CL C	139,188	634,185
AMER CENT SM CAP GRWTH CL Y	500,000	597,677
AMER INTERNATIONAL GROUP INC	9,623	35,162
AMERICAN TOWER REIT INC	47,822	71,240
AMGEN INC	94,612	288,020
APOLLO GLOBAL MANAGEMENT, INC	75,842	139,971
APPLE INC	211,787	1,087,602
AQR DIVERSIFIED ARBITRAGE FUND	250,000	246,885
AQR MANAGED FUTURES STRATEGY F	250,000	223,098
ARTISAN INTERNATIONAL VALUE FU	1,000,000	1,069,335
ASTRAZENECA	38,269	38,996
AUTODESK, INC	50,102	85,461
AVALONBAY CMNTYS INC	65,441	72,454
BECTON DICKINSON & CO	84,016	90,461
BERKSHIRE HATHAWAY INC. CLASS	137,003	463,658
BIOGEN INC	52,853	49,943
BLACKROCK INC	196,535	487,080
BLACKSTONE SEC LENDING	1,046,385	1,150,100
BLUEROCK TOTAL INCOME REAL EST	536,039	415,473
BNY MELLON ALCENTRA GLOBAL MUL	384,100	342,656
BROADCOM INC	78,196	215,436
CAPITAL ONE FINANCIAL CORP	38,936	54,808
CELANESE CORPORATION	168,248	466,110
CHARLES RIV LABORATORIES INTL	32,702	30,732
CHESAPEAKE ENERGY CORPORATION	14,761	12,464
CINTAS CRP	17,724	21,404
CISCO SYSTEMS INC	201,197	399,916
CME GROUP, INC	145,459	473,850
COHEN & STEERS INSTITUTIONAL R	510,744	544,145
COMCAST CORP	297,463	353,606
CROWDSTRIKE HOLDINGS, INC	57,141	94,979
DB X TRACKERS MSCI EAFE HEDGED	975,668	1,160,803
DIAGEO PLC ADS	269,280	291,466
DOCUSIGN INC	40,670	17,241
DOLBY LABORATORIES	16,774	25,251
DOXIMITY ORD SHS CLASS A	16,304	13,740
EATON CORP PLC	158,157	602,050
ECOLAB INC	101,159	247,938
EDISON INTL	61,845	64,698
ENBRIDGE INC	93,742	89,942
EQT CORPORATION	14,177	15,271
ESC GCI LIBERTY INC SR (ESCROW
ETSY INC	30,497	20,019
EXXON MOBIL CORP	35,838	32,394
FIRST TR ENHANCED SHORT MATURI	40,549	40,688
FIRST TRUST EMERGING MARKETS L	40,529	40,170
FIRST TRUST EXCHANGE TRADED FD	244,473	237,198
FIRST TRUST INST PREFERRED SEC	87,687	79,736
FIRST TRUST LIMITED DURATION I	235,207	237,853
FIRST TRUST LOW DURATION OPPOR	239,618	238,314
FIRST TRUST TCW OPP FIXED INC	668,983	632,320
FREEPORT-MCMORAN COPPER & GOLD	48,475	64,919
FRONTIER MFG CORE INFRASTRUCTU	500,000	489,158
FULLER & THALER BEHAVIORAL SML	325,919	557,958
GENERAL MOTORS	36,248	34,627
GILEAD SCIENCES INC	37,899	39,209
GOLDMAN SACHS GROUP	115,390	231,462
GOLDMAN SACHS US EQUITY DIV AN	473,000	450,274
GQG PARTNERS EMERGING MARKETS	572,000	671,962
GUARDANT HEALTH INC	38,599	9,873
HARDING LOEVNER INTL EQUITY	1,020,999	1,111,020
HOME DEPOT INC	115,914	674,040
HUBSPOT INC	50,543	76,631
INSULET CORPORATION	21,683	21,096
INTEL CORP	157,519	244,215
IONIS PHARMACEUTICALS INC	36,266	28,988
ISHARES 20+ YR TREAS BD	81,673	81,477
ISHARES TRUST RUSSELL 1000 GRO	602,201	1,499,783
ISHARES TRUST RUSSELL 1000 VAL	2,781,977	3,636,162
JH MGD ACCTSH INV GD CRPBD SMA	143,324	148,782
JH MGD ACCTSH SEC DBT SMA	88,914	90,793
JOHNSON & JOHNSON	147,823	250,941
JOHNSON CONTROLS INTERNATIONAL	25,142	41,213
JP MORGAN CHASE	348,358	837,232
JPM TRIGGER PLUS EW BASKET SPX	250,000	254,500
L3HARRIS TECHNOLOGIES	19,278	45,073
LAM RESEARCH CORP	110,825	430,793
LIBERTY BROADBAND CORPORATION	6,297	7,430
LIBERTY MEDIA CORP - SER A	1,265	2,422
LIBERTY MEDIA CORP - SER C	11,295	10,921
LINDE PLC COM	42,901	95,695
LOCORR MANAGED FUTURES STRATEG	250,000	233,292
MASTERCARD INC	8,526	32,891
MATCH GROUP INC	27,922	12,739
MCDONALD'S CORP	85,839	266,859
MERCK & CO INC	197,561	446,001
METLIFE INC	35,066	51,714
MICROSOFT CORP	159,398	1,181,519
MONDELEZ INTERNATIONAL INC	188,437	320,285
MONGODB INC CL A	12,857	13,261
MS TRIGGER PLUS SX5E (SQFJM)	350,000	365,680
NESTLE S.A	43,420	66,140
NIKE INC-CL B	105,220	217,140
NORTHROP GRUMMAN CORP	34,269	51,495
ORACLE CORP	37,046	62,098
PAYLOCITY CORP	9,744	10,190
PFIZER INC	35,038	31,986
PINTEREST INC	20,313	30,225
PIONEER NAT RES CO	36,427	53,521
PNC FINANCIAL GROUP INC	209,566	383,563
PPG INDUSTRIES INC	50,368	81,056
PRINCIPAL GL MULT STRAT-R6	248,079	245,716
PROCTER GAMBLE CO	190,857	333,818
PUBLIC STORAGE INC	42,893	48,190
RAYTHEON TECHNOLOGIES CORP	43,090	57,215
SAP AKTIENGESELL ADS	36,882	58,590
SCHWAB FUNDAMENTAL EMERG MKTS	798,000	847,067
SEAGATE TECHNOLOGY HOLDINGS PL	9,965	26,892
SEMPRA ENERGY COM	102,777	112,842
SERVICE NOW	21,014	27,221
SNOWFLAKE INC	30,387	44,178
STARBUCKS CORP COM	22,086	21,218
T-MOBILE US INC	52,731	59,963
TARGET CORPORATION	112,619	270,598
TE CONNECTIVITY LTD	57,838	83,036
TEXAS INSTRUMENTS INC	64,395	353,705
THE COCA-COLA CO	55,082	73,898
THERMO FISHER SCIENTIFIC INC	169,137	424,632
THORNBURG INTERNATIONAL GROWTH	786,858	916,800
TJX COMPANIES INC	175,253	565,768
TKO GROUP HOLDINGS, INC	13,930	11,584
TOUCHSTONE MID CAP FUND CL R6	536,067	704,266
TRAVELERS COMPANIES INC	57,155	88,387
UBER	496,940	627,337
UNION PACIFIC	185,628	520,469
UNITED PARCEL SERVICE	219,646	341,032
UNITEDHEALTH GROUP INC	115,314	598,596
VANGAURD HIGH-YIELD CORPORATE	111,307	104,350
VERTEX PHARMCTLS INC	69,578	131,425
VISA INC	26,792	79,927
VULCAN MATERIALS CO	46,466	97,160
WALT DISNEY HOLDINGS CO	155,361	206,042
WARNER BROS. DISCOVERY, INC	19,377	9,684
WASTE MANAGEMENT INC	20,436	69,133
WESTERN ASSET SMASH SERIES C F	141,599	140,953
WESTERN ASSET SMASH SERIES EC	514,106	401,341
WESTERN ASSET SMASH SERIES M F	230,532	183,385
WESTERN DIGITAL CORP	11,405	12,359
WILLIAMS COS	48,784	97,141
WOLFSPEED INC	41,597	23,321
ZOETIS INC	169,906	414,477

- TIN:

TY 2023 InvestmentsGovtObligationsSch

Name:

Frank McHugh-O'Donovan Foundation Inc

EIN:

20-0842449

US Government Securities - End of Year Book Value:

888,754

US Government Securities - End of Year Fair Market Value:

879,984

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

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

- TIN:

TY 2023 InvestmentsLandSchedule2

Name:

Frank McHugh-O'Donovan Foundation Inc

EIN:

20-0842449

Category/ Item	Cost/Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
AIR RIGHTS (845 W	2,756,000	0	2,756,000	2,756,000
BLDG IMP REPIPE IN	143,530	23,051	120,479	120,479
BLDG IMP REPIPE 68	65,100	9,074	56,026	56,026
BUILDING - 10 UNIT	502,557	109,860	392,697	392,697
BUILDING - 20 UNIT	1,392,374	351,295	1,041,079	1,041,079
BUILDING - 3 STORE	90,992	20,785	70,207	70,207
BUILDING - 7 STORE	339,141	60,750	278,391	278,391
BUILDING - 8 STORE	1,255,000	202,530	1,052,470	1,052,470
BUILDING - AUTO RE	145,000	22,860	122,140	122,140
BLDG IMP - 1/1/18	78,522	14,790	63,732	63,732
BLDG IMP - 2/2/04	2,706	1,070	1,636	1,636
BLDG IMP - 6/30/17	19,963	3,845	16,118	16,118
BLDG IMP - 9/29/12	1,239	295	944	944
BLDG IMP 12/1/12	31,200	4,735	26,465	26,465
CARPET (1381 S WAL	827	365	462	462
CHURCH	121,000	19,070	101,930	101,930
CONCRETE CEMENT AS	8,000	1,390	6,610	6,610
CONDOMINIUM	192,000	51,170	140,830	140,830
DECK	1,256	390	866	866
ELECTRICAL IMP	1,733	275	1,458	1,458
FENCE	564	220	344	344
RAILING	804	310	494	494
RETROFIT SITUATION	20,348	6,280	14,068	14,068
ROOF (1139 E 68TH)	1,559	475	1,084	1,084
ROOF - 1/30/12	1,889	295	1,594	1,594
ROOF - 1/31/10	742	200	542	542
ROOF - 1/31/13	2,509	580	1,929	1,929
ROOF - 3/31/13	10,199	2,350	7,849	7,849
ROOF - 4/30/21	64,940	4,440	60,500	60,500
ROOF - 4/30/22	45,550	1,947	43,603	43,603
ROOF - 9/8/18	35,349	4,565	30,784	30,784
ROOF - 10/30/09	1,599	435	1,164	1,164
ROOF - 11/17/04	4,529	910	3,619	3,619
SEC BARS - 10/3/11	1,104	275	829	829
SEC BARS -11/19/04	369	135	234	234
TILE FLOOR &SHOWER	1,441	225	1,216	1,216
TILE FLOOR-1/9/13	1,389	320	1,069	1,069
TILE FLOOR-1/14/13	1,958	455	1,503	1,503
TILE FLOOR-1/25/13	1,292	300	992	992
TILE FLOOR-2/21/13	803	185	618	618
TILE FLOOR-8/12/13	2,458	555	1,903	1,903
TILE FLOOR-8/28/13	2,412	545	1,867	1,867
TILE FLOOR-10/7/12	2,129	500	1,629	1,629
TILE FLOOR-12/8/12	2,093	490	1,603	1,603
WOODEN BEAMS	4,001	1,190	2,811	2,811
CARPET (10206-08 I	449	200	249	249
HVAC (1271-89 W JE	27,990	3,590	24,400	24,400
HVAC (1381 S WALNU	2,443	535	1,908	1,908
WATER HTR INGLEWOO	7,135	6,957	178	178
WATER HTR 1271-89	2,950	1,930	1,020	1,020
LAND (10206-08 ING	541,000	0	541,000	2,621,515
LAND (1139 E 68TH)	191,000	0	191,000	431,451
LAND (1271-89 W JE	962,000	0	962,000	2,032,495
LAND (1381 S WALNU	133,000	0	133,000	431,800
LAND (2552 E 57TH)	144,708	0	144,708	350,000
LAND (310 W AVE)	70,597	0	70,597	80,000
LAND (45132 SPEARM	235,000	0	235,000	70,000
LAND (5001-13 S HO	178,000	0	178,000	1,140,180
LAND (5269-73 S BR	110,000	0	110,000	711,295
LAND (6080-84 S HO	399,000	0	399,000	1,015,430
LAND (845 W OLYMPI	2,514,297	0	2,514,297	4,436,754
LAND (916 W 9TH)	1,260,667	0	1,260,667	3,729,489
LAND IMP-FENCE(526	1,075	500	575	575
LIGHTING & ELECTRI	913	835	78	78
PARKING LOT (845 W	78,788	71,620	7,168	7,168
PARKING LOT PAV 09	23,236	11,335	11,901	11,901
PARKING LOT PAV 10	16,095	7,485	8,610	8,610
PAVING (1271-89 W	14,413	5,795	8,618	8,618
APPLIANCES
BLINDS & LOCKS
BLINDS (10206-08 I
HEATERS &GAS LINES
STOVE (10206-08 I
LAND-DEM BLDG (845		0	0
LAND-DEM BLDG (916		0	0
LAND-DEM&ASB REM 8		0	0
LAND-DEM&ASB REM 9		0	0
HAZ WASTE RMVL 09		0	0
HAZ WASTE RMVL 10		0	0
TANK		0	0
KITCHEN 2023	8,400	255	8,145	8,145
SHOWER 2023 (1139	5,500	167	5,333	5,333
ROOF 2023	42,089	893	41,196	41,196
SHOWER 2023 (10206	5,950	126	5,824	5,824

- TIN:

TY 2023 InvestmentsOtherSchedule2

Name:

Frank McHugh-O'Donovan Foundation Inc

EIN:

20-0842449

Category/ Item	Book Value	End of Year Fair Market Value
BLACKSTONE REAL ESTATE INC TR	1,656,139	2,086,731
GRAHAM ABSOLUTE RETURN ASP FUN	354,624	367,786
HINES GLOBAL INCOME TRUST	542,512	505,899
ICAPITAL STEPSTONE TACTICAL GR	330,162	387,252
IRONWOOD MULTI STRATEGY FUND L	526,327	525,348
KKR INFRASTRUCTURE CONGLOMERAT	205,405	209,250
MS DIRECT LENDING FND	1,517,542	1,849,580
NORTH HAVEN CREDIT PARTNERS II	387,276	461,793
NH PIF CLASS S	540,424	545,278
NUVEEN GLOBAL CITIES REIT	542,076	510,616
ORBIMED ASIA PTNS IV ASP FD	242,733	295,886
PARTNERS GROUP PRIVATE EQUITY	1,047,631	1,417,679
POMONA INVESTMENT FUND	500,000	563,844

- TIN:

TY 2023 LegalFeesSchedule

Name:

Frank McHugh-O'Donovan Foundation Inc

EIN:

20-0842449

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Document Review/Drafting	7,850	7,850
General Consultations	19,655	19,655

- TIN:

TY 2023 OtherExpensesSchedule

Name:

Frank McHugh-O'Donovan Foundation Inc

EIN:

20-0842449

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Administrative Fees	123,220		123,220
Bank Charges	131	131
Indemnification Insurance	1,171	74	1,097
Insurance Premiums	5,551	740	4,811
K-1 Exp GRAHAM ABSOLUTE RETURN	1,031	1,031
K-1 Exp ICAPITAL STEPSTONE TAC	1,638	1,638
K-1 Exp KKR INFRASTRUCTURE CON	2,339	2,339
K-1 Exp ORBIMED ASIA PTNS IV A	10,053	10,053
Registered Agent Fee	593		593
State or Local Filing Fees	220		220
PLACEMENT FEES	15,000	15,000
PROPERTY INSURANCE	44,959	44,959
PROPERTY MAINTENANCE	203,255	203,255

- TIN:

TY 2023 OtherIncomeSchedule2

Name:

Frank McHugh-O'Donovan Foundation Inc

EIN:

20-0842449

Description	Revenue And Expenses Per Books	Net Investment Income
K-1 Inc/Loss GRAHAM ABSOLUTE RETURN ASP FUND	5,655	5,655
K-1 Inc/Loss ICAPITAL STEPSTONE TACTICAL GROWTH I	73	73
K-1 Inc/Loss KKR INFRASTRUCTURE CONGLOMERATE LLC	3,391	3,391
K-1 Inc/Loss ORBIMED ASIA PTNS IV ASP FD	143	143
Class Action Lawsuit Proceeds	16	16
Interest Income from mortgage loans	205,112	205,112
Income from Rental Properties	2,762	2,762

- TIN:

TY 2023 OtherLiabilitiesSchedule

Name:

Frank McHugh-O'Donovan Foundation Inc

EIN:

20-0842449

Description	Beginning of Year - Book Value	End of Year - Book Value
SECURITY DEPOSIT		68,385

- TIN:

TY 2023 OtherProfessionalFeesSchedule

Name:

Frank McHugh-O'Donovan Foundation Inc

EIN:

20-0842449

Category	Amount	Net Investment Income
Investment Management Services	262,918	262,918
ADMINISTRATIVE SERVICES	1,399	1,399
PROFESSIONAL LABOR SERVICES	17,870	17,870

- TIN:

TY 2023 TaxesSchedule

Name:

Frank McHugh-O'Donovan Foundation Inc

EIN:

20-0842449

Category	Amount	Net Investment Income
990-PF Estimated Tax for 2023	58,000
Foreign Tax Paid	2,186	2,186
PROPERTY TAXES	369,035	369,035