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
CARL E TOUHEY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PINE WEST 2 309 WASHINGTON AVE EXT
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ALBANY, NY12205
A Employer identification number

22-3016226
B Telephone number (see instructions)

(518) 438-3521
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$39,632,227J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 11,770
2 Check right arrow.............
3 Interest on savings and temporary cash investments 33 33  
4 Dividends and interest from securities... 746,416 746,416  
5a Gross rents............ 1,996,549 1,996,549  
b Net rental income or (loss) 278,507
6a Net gain or (loss) from sale of assets not on line 10 2,634,717
b Gross sales price for all assets on line 6a 14,751,673
7 Capital gain net income (from Part IV, line 2)... 2,634,717
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
178,562 178,562  
12 Total. Add lines 1 through 11........ 5,568,047 5,556,277  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 82,949 17,419   65,530
14 Other employee salaries and wages...... 203,507 132,817   70,690
15 Pension plans, employee benefits....... 77,889 65,347   12,542
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
18,835 18,835   0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
5,106 5,106   0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
13,535 13,535   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
418,751 418,751   0
19 Depreciation (attach schedule) and depletion... 308,220 308,220  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
938,340 898,894   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,067,132 1,878,924   148,762
25 Contributions, gifts, grants paid....... 4,926,924 4,926,924
26 Total expenses and disbursements. Add lines 24 and 25 6,994,056 1,878,924   5,075,686
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,426,009
b Net investment income (if negative, enter -0-) 3,677,353
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 Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............   1 1
2 Savings and temporary cash investments......... 1,300,069 2,408,009 2,408,009
3 Accounts receivable right arrow115,609
Less: allowance for doubtful accounts right arrow   161,106 115,609 115,609
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 arrow2,959,546
Less: allowance for doubtful accounts right arrow0 70,442 2,959,546 2,959,546
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 228,709 199,460 199,460
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 26,298,166 Click to see attachment
List of Attached Documents:
// Content
25,049,532 		25,049,532
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 469,182 Click to see attachment
List of Attached Documents:
// Content
597,722 		597,722
14 Land, buildings, and equipment: basis right arrow10,170,001
Less: accumulated depreciation (attach schedule) right arrow1,872,408 10,707,011 8,297,593 8,297,593
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
2,365 		Click to see attachment
List of Attached Documents:
// Content
4,755 		Click to see attachment
List of Attached Documents:
// Content
4,755
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 39,237,050 39,632,227 39,632,227
Liabilities 17 Accounts payable and accrued expenses.......... 16,807 47,454
18 Grants payable.................    
19 Deferred revenue.................   2,007
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
114,814 		Click to see attachment
List of Attached Documents:
// Content
108,527
23 Total liabilities (add lines 17 through 22)......... 131,621 157,988
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........... 39,105,429 39,474,239
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 39,105,429 39,474,239
30 Total liabilities and net assets/fund balances (see instructions). 39,237,050 39,632,227
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
39,105,429
2
Enter amount from Part I, line 27a .....................
2
-1,426,009
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
1,794,819
4
Add lines 1, 2, and 3 ..........................
4
39,474,239
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
39,474,239
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      
b PUBLICLY TRADED SECURITIES      
c SALE OF 705 CORPORATIONS PARK P   2023-12-21
d CAPITAL GAINS DIVIDENDS P    
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 1,954,669   1,975,377 -20,708
b 8,851,098   7,854,799 996,299
c 3,900,000 394,036 2,680,816 1,613,220
d 45,906     45,906
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       -20,708
b       996,299
c       1,613,220
d       45,906
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 2,634,717
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 51,115
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 51,115
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 51,115
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 27,214
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 45,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 72,214
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 21,099
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow21,099 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 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 arrowNY
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 arrowCHARLES L TOUHEY Telephone no.right arrow (518) 452-3191

Located atright arrowPINE WEST 2 309 WASHINGTON AVE EXTALBANYNY ZIP+4right arrow12205
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
CHARLES L TOUHEY DIRECTOR, PRESIDENT
32.00 		82,949 0 0
PINE WEST PLAZA BLDG 2 309
WASHINGTON AVE EXT
ALBANY,NY12205
VIRGINIA E TOUHEY DIRECTOR, SECRETARY/TREASU
1.00 		0 0 0
PINE WEST PLAZA BLDG 2 309
WASHINGTON AVE EXT
ALBANY,NY12205
LILA M TOUHEY DIRECTOR
1.00 		0 0 0
PINE WEST PLAZA BLDG 2 309
WASHINGTON AVE EXT
ALBANY,NY12205
JOHN J TOUHEY DIRECTOR, VICE PRESIDENT
1.00 		0 0 0
PINE WEST PLAZA BLDG 2 309
WASHINGTON AVE EXT
ALBANY,NY12205
JOHN J NIGRO DIRECTOR
1.00 		0 0 0
PINE WEST PLAZA BLDG 2 309
WASHINGTON AVE EXT
ALBANY,NY12205
F MICHAEL TUCKER ESQ DIRECTOR
1.00 		0 0 0
PINE WEST PLAZA BLDG 2 309
WASHINGTON AVE EXT
ALBANY,NY12205
JONATHAN JONES DIRECTOR
1.00 		0 0 0
PINE WEST PLAZA BLDG 2 309
WASHINGTON AVE EXT
ALBANY,NY12205
ARLENE WAY DIRECTOR
1.00 		0 0 0
PINE WEST PLAZA BLDG 2 309
WASHINGTON AVE EXT
ALBANY,NY12205
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
CHARLES KOLBE SALES AND LEASING MA
35.00 		63,581 1,907 0
PINE WEST PLAZA BLDG 2 309
WASHINGTON AVE EXT
ALBANY,NY12205
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
KEY PRIVATE BANK INVESTMENT MANAGEMENT 105,433
4900 TIEDMAN ROAD
BROOKLYN,OH44144
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
24,071,439
b
Average of monthly cash balances.......................
1b
2,333,263
c
Fair market value of all other assets (see instructions)................
1c
12,650,000
d
Total (add lines 1a, b, and c).........................
1d
39,054,702
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
39,054,702
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
585,821
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
38,468,881
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,923,444
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
1,923,444
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
51,115
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
51,115
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,872,329
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,872,329
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
1,872,329
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
5,075,686
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
5,075,686
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 1,872,329
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......  
b From 2019...... 312,263
c From 2020...... 1,257,157
d From 2021...... 2,314,005
e From 2022...... 3,167,911
f Total of lines 3a through e ........ 7,051,336
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 5,075,686
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..... 1,872,329
e Remaining amount distributed out of corpus 3,203,357
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 10,254,693
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		10,254,693
10 Analysis of line 9:
a Excess from 2019.... 312,263
b Excess from 2020.... 1,257,157
c Excess from 2021.... 2,314,005
d Excess from 2022.... 3,167,911
e Excess from 2023.... 3,203,357
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).)
CHARLES L TOUHEY
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 email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

15 LOVE

785 WASHINGTON AVENUE
ALBANY,NY12206 		NONE EXEMPT TO REACH OUT IN A LOVING, CARING WAY TO YOUTH OF THE CAPITAL REGION, USING TENNIS AS THE MEDIUM, ESPECIALLY THOSE IN THE INNER CITIES 5,000

4TH FAMILY INC

279 CENTRAL AVENUE
ALBANY,NY12206 		NONE EXEMPT HOSTS TEEN/COMMUNITY EVENTS, MENTOR PROGRAMS, PERSONAL DEVELOPMENT PROGRAMS, EDUCATIONAL PROGRAMMING, WELLNESS & HEALTH PROGRAMS, ANNUAL SPORTS LEAGUES & TOURNAMENTS, AS WELL AS EDUCATIONAL TRIPS. ENGAGED WITH ALL COMMUNITIES IN THE CAPITAL DISTRICT, STARTING IN THE HIGH SCHOOLS. GOALS ARE TO MOTIVATE, ENCOURAGE AND UPLIFT THE COMMUNITY. TARGETS AT-RISK YOUTH AND ADULTS AND PROVIDING THEM WITH AN ARRAY OF UNIQUE PERSONAL DEVELOPMENT OPPORTUNITIES. 305,000

ALBANY CENTER GALLERY

488 BROADWAY SUITE 107
ALBANY,NY12207 		NONE EXEMPT TO PROMOTE AND EXHIBIT ART PRODUCED BY THE REGION'S EMERIGNG AND ESTABLISHED ARTISTS AND ENGAGES, ENRICHES, AND INSPIRES THE COMMUNITY TO APPRECIATE THE IMPORTANCE OF ART. 25,000

ALBANY COMMUNITY LAND TRUST

255 ORANGE STREET
ALBANY,NY12210 		NONE EXEMPT TO DEVELOP AFFORDABLE HOUSING OPPORTUNITIES FOR LOW-INCOME PEOPLE, PRESERVE HOUSING AFFORDABILITY FOR FUTURE GENERATIOMS, COMBAT COMMUNITY DETERIORATION BY PROMOTION ECONOMIC OPPORTUNITIES IN LOW-INCOME NEIGHBORHOODS, AND EDUCATE THE GENERAL PUBLIC ABOUT ONGOING AND INNOVATIVE METHODS OF COMMUNITY DEVELOPMENT. 100,000

518 ELEVATED

1218 CENTRAL AVE
ALBANY,NY12205 		NONE EXEMPT TO PROVIDE SPECIALIZED PROGRAMS, MENTORING, PROFESSIONAL GUIDANCE, AND ACADEMIC AND FINANCIAL SUPPORT FOR QUALIFYING STUDENTS IN THE CAPITAL REGION. BY ASSEMBLING A NETWORK OF BUSINESS LEADERS, EDUCATIONAL ADVOCATES, AND DEDICATED VOLUNTEERS, PROMISING YOUTH ARE PROVIDED OPPORTUNITY AND ACCESS TO HIGHER EDUCATION THAT MAY BE OTHERWISE UNAVAILABLE. 40,000

ALBANY MEDICAL CENTER

43 NEW SCOTLAND AVENUE
ALBANY,NY12208 		NONE PUBLIC CHARITY TO SUPPORT THE BUILDING OF THE PATIENT PAVILION 619,000

ALBANY SYMPHONY ORCHESTRA

19 CLINTON AVE
ALBANY,NY12207 		NONE EXEMPT TO PROMOTE CELEBRATION OF MUSICAL HERITAGE THROUGH LIVE PERFORMANCES, INNOVATIVE EDUCATIONAL PROGRAMMING AND ENGAGING CULUTRAL EVENTS. 115,000

BOYS & GIRLS CLUB OF THE CAPITAL AREA

21 DELAWARE AVE
ALBANY,NY12210 		NONE EXEMPT TO INSPIRE AND ENABLE ALL YOUNG PEOPLE, ESPECIALLY THOSE WHO NEED US MOST, TO REALIZE THEIR FULL POTENTIAL TO BECOME PRODUCTIVE, CARING, RESPONSIBLE CITIZENS. 78,451

AFFORDABLE HOUSING PARTNERSHIP

255 ORANGE STREET
ALBANY,NY12210 		NONE EXEMPT THE AHP HOMEOWNERSHIP CENTER OFFERS PROGRAMS TO PROMOTE SUCCESSFUL AND AFFORDABLE HOMEOWNERSHIP IN NEW YORK'S CAPITAL REGION. OUR MISSION IS TO STRENGTHEN NEIGHBORHOODS AND THE FINANCIAL INDEPENDENCE OF RESIDENTS THROUGH ADVISEMENT, FINANCIAL RESOURCES, COMMUNITY ORGANIZING AND COLLABORATION. WE CONNECT OVER 1000 HOUSEHOLDS A YEAR TO FINANCIAL RESOURCES SUCH AS DOWN PAYMENT ASSISTANCE, GOOD LOAN PRODUCTS AND ENERGY EFFICIENCY PROGRAMS. AHP PROGRAMS MEET THE NATIONAL INDUSTRY STANDARDS FOR HOMEOWNERSHIP EDUCATION AND COUNSELING. 250,000

ALBANY COMMUNITY DEVELOPMENT AGENCY

200 HENRY JOHNSON BLVD
ALBANY,NY12210 		NONE EXEMPT THE ALBANY COMMUNITY DEVELOPMENT AGENCY (ACDA) REVITALIZES ALBANY NEIGHBORHOODS AND HOMES IN A VARIETY OF WAYS, THROUGH ITS MANAGEMENT OF FUNDS RECEIVED PRIMARILY THROUGH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). 100,000

CEK RN CONSULTING INC

1 STEUBEN PL
ALBANY,NY12207 		NONE EXEMPT TO PROVIDE CLIENTS WITH A BETTER UNDERSTANDING OF THEIR HEALTHCARE TREATMENTS THROUGH ADVOCACY AND HEALTH LITERACY RESULTING IN A BETTER QUALITY OF LIFE. 157,129

ALBANY HIGH SCHOOL

700 WASHINGTON AVE
ALBANY,NY12203 		NONE PUBLIC CHARITY THE CITY SCHOOL DISTRICT OF ALBANY WILL BE A DISTRICT OF EXCELLENCE WITH CARING RELATIONSHIPS AND ENGAGING LEARNING EXPERIENCES THAT PROVIDE EQUITABLE OPPORTUNITIES FOR ALL STUDENTS TO REACH THEIR POTENTIAL. 107,250

ARBOR HILL DEVELOPMENT CORPORATION

241 CLINTON AVE
ALBANY,NY12210 		NONE EXEMPT TO BRIDGE CURRENT YOUTH IN FOSTER CARE AND ALUMNI IN TRANSITION TO RESOURCES TO HELP THEM OVERCOME SOCIAL, ACADEMIC, VOCATIONAL AND HOUSING BARRIERS THROUGH COACHING, MENTORSHIP AND CHARITY. 196,000

FRANK CHAPMAN MEMORIAL INSTITUTE INC

340 FIRST ST
ALBANY,NY12206 		NONE EXEMPT SUPPLY ITS SERVICE AREA RESIDENTS THE LIFE SKILLS, WORK TRAINING, AND PERSONAL DEVELOPMENT RESOURCES NECESSARY FOR THE QUALITY-OF-LIFE IMPROVEMENT OF EACH RESIDENT AND THE OVERALL COMMUNITY. 196,160

BARD PRISON INITIATIVE

26 MONTGOMERY PL
RED HOOK,NY12571 		NONE EXEMPT THE BARD PRISON INITIATIVE (BPI) WORKS TO REDEFINE THE AVAILABILITY, AFFORDABILITY, AND EXPECTATIONS TYPICALLY ASSOCIATED WITH HIGHER EDUCATION IN AMERICA. 60,000

GREEN TECH HIGH CHARTER SCHOOL

99 SLINGERLAND ST
ALBANY,NY12202 		NONE PUBLIC CHARITY PREPARES YOUNG MEN TO COMPLETE HIGH SCHOOL WITH A REGENTS DIPLOMA SO THEY WILL HAVE THE OPPORTUNITY TO ATTEND COLLEGE OR CHOOSE AN ALTERNATIVE, RESPONSIBLE CAREER PATH AS THEY ENTER ADULTHOOD 170,000

CAPITAL DISTRICT WOMEN'S EMPLOYMENT

155 WASHINGTON AVE
ALBANY,NY12210 		NONE EXEMPT WERC IS A NOT-FOR-PROFIT ORGANIZATION THAT WORKS TO ADVANCE WOMEN'S SUCCESS IN THE WORKPLACE BY BUILDING THEIR ECONOMIC AND PERSONAL INDEPENDENCE. 52,500

HOMELESS & TRAVELERS AID SOCIETY

138 CENTRAL AVENEUE
ALBANY,NY12206 		NONE EXEMPT TO PROVIDE IMMEDIATE RELIEF AND LONG-TERM SOLUTIONS FOR THE MOST VULNERABLE MEMBERS OF OUR COMMUNITY BY PREVENTING, COMBATING, AND REDUCING HOMELESSNESS WITHIN THE CAPITAL REGION. 296,580

HOOD'S HOUSE OF HOOPS

321 NORTHERN BLVD
ALBANY,NY12210 		NONE EXEMPT TO BRING UNITY TO COMMUNITIES BY PROVIDING SAFE, ENGAGING ATHLETIC PROGRAMS TO THE YOUTH. 170,000

CENTER FOR EMPLOYMENT OPPURTUNITIES

50 BROADWAY
NEW YORK,NY10004 		NONE EXEMPT CENTER FOR EMPLOYMENT OPPORTUNITIES (CEO) OFFERS INDIVIDUALS JUST COMING HOME FROM PRISON THE ONGOING SUPPORT NECESSARY TO BUILD CAREER CAPITAL AND FINANCIAL STABILITY. WE BELIEVE THAT EVERYONE, REGARDLESS OF THEIR PAST, DESERVES THE CHANCE TO WORK TOWARD A STRONGER FUTURE FOR THEMSELVES, THEIR FAMILIES, AND THEIR COMMUNITIES. 25,000

REFUGEE WELCOME CORPORATION

104 ONTARIO STREET
ALBANY,NY12206 		NONE EXEMPT HELP CONNECT INDIVIDUALS AND FAMILIES WITH SUPPORT SERVICES, RESOURSES AND SAFE HOUSING. ALSO ADVOCATES FOR EDUCATION AND OTHER SKILL-BUILDING OPPORTUNITIES THAT CONTRIBUTE TO THE PERSONAL SUCCESS AND SELF-SUFFICIENCY OF REFUGEES, AS THEY REBUILD THEIR LIFE AND ADJUST TO THE DIVERSE AREAS 100,000

SAINT ANNE'S INSTITUTE

160 N MAIN AVE
ALBANY,NY12206 		NONE EXEMPT TO PROMOTE THE HELP OF CHILDREN AND FAMILIES DEVELOP THE CONFIDENCE AND SKILLS NEEDED TO OVERCOME CRISES. 25,000

SCHOLASTIC TALENT

PO BOX 1022
ALBANY,NY12201 		NONE EXEMPT TO LOCATE, FEATURE, AND NURTURE LATENT TALENT AMONG UNDER-RESOURCED YOUTH 170,000

SOUTH END CHILDREN'S CAFE

25 WARREN STREET
ALBANY,NY12202 		NONE EXEMPT TO PROMOTE A POSITIVE IMPACT ON FOOD SECURITY, ADDRESS FOOD EQUALITY AND FOOD JUSTICE, ENHANCE ACADEMIC SUCCESS AND POSITIVELY INFLUENCE THE PHYSICAL AND MENTAL HEALTH OF CHILDREN BY OFFERING FREE, HEALTHY MEALS ALONG WITH HOMEWORK HELP, ACADEMIC ENRICHMENT, MENTORING, EXERCIESE, AND THE ARTS. 150,000

CENTER FOR LAW AND JUSTICE

220 GREEN ST
ALBANY,NY12202 		NONE EXEMPT THE CENTER FOR LAW AND JUSTICE ENVISIONS A PEACEFUL, JUST, AND COMPASSIONATE COMMUNITY THAT PROVIDES EACH RESIDENT WITH EQUAL ACCESS TO THAT COMMUNITY'S GOODS, SERVICES, AND OPPORTUNITIES. IT ALSO SEEKS THE FAIR AND JUST TREATMENT OF ALL PEOPLE THROUGHOUT THE CIVIL AND CRIMINAL JUSTICE SYSTEMS AND WORKS TO REDUCE RELIANCE UPON INCARCERATION. 100,000

THE COMMUNITY BUILDERS INC

90 STATE STREET
ALBANY,NY12207 		NONE EXEMPT TO PROMOTE DEVELOPMENT OF HEALTHY HOUSING FOR PEOPLE OF ALL INCOMES THROUGH COMMUNITY ENGAGEMENT COORDINATION AND COMMUNITY INITITATES MAKING NEIGHBORHOODS STRONGER AND MORE ACCESSIBLE. 51,000

HIVE OF HOPE

161 CENTRAL AVE
ALBANY,NY12206 		NONE EXEMPT HIVE OF HOPE IS THE PLACE TO GO FOR SOBER ENTERTAINMENT IN THE CAPITAL REGION. BECOME A MEMBER TODAY AND START LIVING YOUR BEST LIFE.HIVE OF HOPE IS A SAFE HAVEN FOR THOSE COMMITTED TO LIVING THEIR BEST LIFE IN SOBRIETY. 27,000

HUDSON VALLEY COMMUNITY COLLEGE FOUNDATION

80 VANDENBURGH AVE
TROY,NY12180 		NONE EXEMPT THE FOUNDATION'S MISSION IS TO ENGAGE OUR COMMUNITY AS ADVOCATES FOR OUR COLLEGE TO INVEST IN A PROMISING FUTURE. 32,517

THE TWIN RIVERS COUNCIL BOY SCOUTS OF AMERICA

253 WASHINGTON AVE EXT
ALBANY,NY12205 		NONE EXEMPT BOY SCOUTS OF AMERICA'S PURPOSE IS TO PREPARE YOUNG PEOPLE TO MAKE ETHICAL AND MORAL CHOICES OVER THEIR LIFETIMES BY INSTILLING IN THEM THE VALUES OF THE SCOUT OATH AND LAW. 30,000

THE UNIVERSITY AT ALBANY FOUNDATION

1400 WASHINGTON AVENUE
ALBANY,NY12222 		NONE EXEMPT TO PROVIDE SUPPORT FOR FUNDINGRAISING, GIFT MANAGEMENT, DEVELOPMENT AND MANAGEMENT OF REAL PROPERTY, AND PRIVATE-SECTOR SUPPORT AT THE UNIVERSITY. 250,000

UNDERGROUND RAILROAD HISTORY PROJECT

194 LIVINGSTON AVE
ALBANY,NY12210 		NONE EXEMPT TO RESEARCH AND PRESERVE THE LOCAL AND NATIONAL HISTORY OF THE UNDERGROUND RAILROAD MOVEMENT, ITS INTERNATIONAL CONNECTIONS, AND ITS LEGACY FOR TODAY'S SOCIAL JUSTIC ISSUES, THEREBY EMPOWERING PEOPLE OF ALL AGES TO BE AGENTS OF CHANGE TOWARD AN EQUITABLE AND JUST SOCIETY 82,192

INTERFAITH PARTNERSHIP FOR THE HOMELESS

176 SHERIDAN AVE
ALBANY,NY12210 		NONE EXEMPT AT IPH, WE PROVIDE MORE THAN JUST SHELTER AND DAILY NECESSITIES. WE PROVIDE HOPE AND PATHWAYS TO A BETTER FUTURE THROUGH OUR THREE PILLARS OF SERVICE - SHELTERS, COMMUNITY CONNECTIONS AND HOUSING. 100,000

UNIVERSITY AT ALBANY

1400 WASHINGTON AVENUE
ALBANY,NY12222 		NONE EXEMPT TO ASSIST STUDENTS MEET THEIR EDUCATIONAL COST NEEDS 100,000

MISSION ACCOMPLISHED TRANSITION SERVICES

430 FRANKLIN ST
SCHENECTADY,NY12305 		NONE EXEMPT FOSTERING A MEANINGFUL RELATIONSHIP THAT HELPS EMERGING CREATIVE YOUNG PROFESSIONALS AND ENTREPRENEURS FEEL SUPPORTED DURING YOUR TRANSITION INTO AN ENTRY OR MID LEVEL POSITION, ESTABLISHING OR SCALING A BUSINESS AND/OR PURSUING ADVANCED EDUCATION AT COLLEGE, VOCATIONAL/TRADE SCHOOL OR A GAP YEAR PROGRAM. 37,490

THE RADIX ECOLOGICAL SUSTAINABILITY CENTER

153 GRAND ST
ALBANY,NY12202 		NONE EXEMPT THE MISSION OF THE RADIX CENTER IS TO PROMOTE ECOLOGICAL LITERACY AND ENVIRONMENTAL STEWARDSHIP THROUGH EDUCATIONAL PROGRAMS BASED AROUND DEMONSTRATIONS OF SUSTAINABLE TECHNOLOGIES. AT THE RADIX CENTER, WE BELIEVE IT IS POSSIBLE TO MEET HUMAN NEEDS WHILE SIMULTANEOUSLY RESTORING ECOSYSTEMS. GOOD ENVIRONMENTAL STEWARDSHIP IS REWARDED BY BETTER HEALTH, WHOLESOME FOOD, AND STRONG COMMUNITIES. THE RADIX CENTER TEACHES PRACTICAL SKILLS THAT CAN BE APPLIED TO CREATE ENVIRONMENTAL AND ECONOMIC SUSTAINABILITY. AN EMPHASIS IS PLACED ON ISSUES OF FOOD SECURITY, HEALTH, AND THE REMEDIATION OF CONTAMINATED SOILS. 77,885

RENAISSANCE EDUCATIONAL CONSULTANTS

14 FRANKLIN ST
ROCHESTER,NY14604 		NONE EXEMPT FOUNDED IN 1994, RENAISSANCE PROVIDES SERVICES TO SCHOOLS, NOT FOR PROFITS, HOUSING AUTHORITIES, DEVELOPERS, GENERAL CONTRACTORS AND OTHERS WORKING IN THE AFFORDABLE AND MIXED USE ARENA. 100,000

RUSSEL SAGE COLLEGE

65 1ST
TROY,NY12180 		NONE PUBLIC CHARITY AT RUSSELL SAGE COLLEGE, OUR CLOSE-KNIT COMMUNITY PREPARES YOU FOR PROFESSIONAL SUCCESS IN AN AFFORDABLE, SUPPORTIVE ENVIRONMENT WHERE YOU'LL BE EMPOWERED TO THRIVE. BROAD, FLEXIBLE ACADEMIC PROGRAMS OFFER CARING FACULTY MENTORS, A FOCUS ON YOUR WELL-BEING AND COUNTLESS OPPORTUNITIES FOR HANDS-ON LEARNING ACROSS OUR TWO CAMPUSES IN ALBANY AND TROY. 52,000

SOCIAL ENTERPRISE AND TRAINING CENTER

131 STATE ST
SCHENECTADY,NY12305 		NONE EXEMPT TO PROVIDE TRANSFORMATIVE EDUCATIONAL AND WORKFORCE EXPERIENCES THAT CREATE A SENSE OF PURPOSE AND HOPE IN OUR COMMUNITIES AND CONNECT BUSINESS TO REAL TIME SOLUTIONS. 101,461

THE RED BOOKSHELF

200 GREEN ST
ALBANY,NY12202 		NONE EXEMPT WE TAKE DONATED BOOKS AND WORK WITH VOLUNTEERS TO REPAIR AND MEND THEM FOR DISTRIBUTION. 47,309

YOUTH FX

25 WARREN STREET
ALBANY,NY12202 		NONE EXEMPT YOUTH FX IS DESIGNED TO EMPOWER YOUNG PEOPLE AGES 10-25 BY TEACHING THEM THE TECHNICAL AND CREATIVE ASPECTS OF DIGITAL FILM MAKING AND MEDIA PRODUCTION. BASED IN THE CITY OF ALBANY, NY, OUR PRIMARY MISSION IS TO WORK WITH DIVERSE GROUPS OF YOUTH FROM COMMUNITIES THAT HAVE BEEN HISTORICALLY UNDER-SERVED AND IN NEED OF OPPORTUNITIES TO LEARN FILMMAKING AND ACQUIRE SKILLS IN EMERGING MEDIA TECHNOLOGIES. YOUTH FX HANDS-ON PROGRAMMING DEVELOPS LEADERSHIP SKILLS, CREATIVITY, AND CRITICAL THINKING, THROUGH THE COLLABORATIVE AND ARTISTIC PROCESS OF MAKING FILMS, AMPLIFYING THE VOICES OF YOUNG PEOPLE IN THE CAPITAL REGION OF NEW YORK STATE AND AROUND THE WORLD. 150,000

YOUNG FUTURES COMPANY

1 STEUBEN PL
ALBANY,NY12207 		NONE EXEMPT AT YOUNG FUTURES, WE DON'T TELL YOU HOW TO NAVIGATE THE WORLD. WE GIVE YOU THE COMPASS.THE ONE DESIGNED TO HELP YOU FIND YOUR WAY FORWARD. 75,000
Total .................................right arrow 3a 4,926,924
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 33  
4 Dividends and interest from securities ....     14 746,416  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 278,507  
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 2,634,717  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aRENSSELAER HYDRO ASSOCIATES 		    14 128,562  
bOTHER INCOME     01 50,000  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 3,838,235 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
3,838,235
(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
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Form 990-PF (2023)
Additional Data


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Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

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

22-3016226
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
CARL E TOUHEY FOUNDATION
  		Employer identification number
22-3016226
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
CHARLES TOUHEY
PINE WEST PLAZA BLDG 2 WASHINGTON A
 
ALBANY, NY12205

$ 11,770


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

$  


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

$  


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

$  


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

$  


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

$  


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

22-3016226
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
CARL E TOUHEY FOUNDATION
  		Employer identification number

22-3016226
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
CARL E TOUHEY FOUNDATION
EIN:
22-3016226
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 5,106 5,106   0

TY 2023 InvestmentsCorpStockSchedule
Name:
CARL E TOUHEY FOUNDATION
EIN:
22-3016226
Name of Stock End of Year Book Value End of Year Fair Market Value
MARKETABLE SECURITIES 25,049,532 25,049,532

TY 2023 InvestmentsOtherSchedule2
Name:
CARL E TOUHEY FOUNDATION
EIN:
22-3016226
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
INVESTMENT IN PARTNERSHIPS AT COST 597,722 597,722

TY 2023 LegalFeesSchedule
Name:
CARL E TOUHEY FOUNDATION
EIN:
22-3016226
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 18,835 18,835   0


TY 2023 OtherAssetsSchedule
Name:
CARL E TOUHEY FOUNDATION
EIN:
22-3016226
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
UTILITY DEPOSIT 2,080 4,755 4,755
ACCOUNTS PAYABLE AFFILIATES 285 0 0


TY 2023 OtherExpensesSchedule
Name:
CARL E TOUHEY FOUNDATION
EIN:
22-3016226
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADVERTISING 2,909 0   0
BANK CHARGES 105,593 105,593   0
DIRECTORS INSURANCE 3,860 0   0
GENERAL INSURANCE 750 0   0
LLC FEE 50 0   0
MISCELLANEOUS 3,606 0   0
OFFICE EXPENSE 23,312 0   0
TELEPHONE 4,959 0   0
REPAIRS AND MAINTENANCE 57,251 57,251   0
MANAGEMENT FEES 22,684 22,684   0
INSURANCE 2,079 2,079   0
UTILITIES 44,973 44,973   0
REPAIRS AND MAINTENANCE 38,039 38,039   0
MANAGEMENT FEES 22,684 22,684   0
INSURANCE 12,072 12,072   0
UTILITIES 38,139 38,139   0
REPAIRS AND MAINTENANCE 41,487 41,487   0
MANAGEMENT FEES 22,684 22,684   0
INSURANCE 11,823 11,823   0
UTILITIES 31,161 31,161   0
REPAIRS AND MAINTENANCE 95,330 95,330   0
MANAGEMENT FEES 22,684 22,684   0
INSURANCE 19,145 19,145   0
UTILITIES 62,078 62,078   0
REPAIRS AND MAINTENANCE 77,094 77,094   0
MANAGEMENT FEES 22,682 22,682   0
INSURANCE 12,844 12,844   0
UTILITIES 20,847 20,847   0
REPAIRS AND MAINTENANCE 76,114 76,114   0
INSURANCE 2,377 2,377   0
UTILITIES 4,685 4,685   0
MANAGEMENT FEES 22,684 22,684   0
AMORTIZATION 9,661 9,661   0


TY 2023 OtherIncomeSchedule2
Name:
CARL E TOUHEY FOUNDATION
EIN:
22-3016226
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
RENSSELAER HYDRO ASSOCIATES 128,562 128,562 128,562
OTHER INCOME 50,000 50,000 50,000


TY 2023 OtherIncreasesSchedule
Name:
CARL E TOUHEY FOUNDATION
EIN:
22-3016226
Description Amount
CURRENT YEAR UNREALIZED GAIN/LOSS ON INVESTMENTS 1,794,819


TY 2023 OtherLiabilitiesSchedule
Name:
CARL E TOUHEY FOUNDATION
EIN:
22-3016226
Description Beginning of Year - Book Value End of Year - Book Value
SECURITY DEPOSITS PAYABLE 114,814 105,014
ACCOUNTS PAYABLE AFFILIATES 0 3,513


TY 2023 OtherProfessionalFeesSchedule
Name:
CARL E TOUHEY FOUNDATION
EIN:
22-3016226
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER PROFESSIONAL FEES 10,995 10,995   0
PAYROLL SERVICE 442 442   0
PAYROLL SERVICE 427 427   0
PAYROLL SERVICE 220 220   0
PAYROLL SERVICE 589 589   0
PAYROLL SERVICE 431 431   0
PAYROLL SERVICE 431 431   0


TY 2023 TaxesSchedule
Name:
CARL E TOUHEY FOUNDATION
EIN:
22-3016226
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES PAID ON INVESTMENTS 2,934 2,934   0
REAL ESTATE TAXES 86,109 86,109   0
REAL ESTATE TAXES 85,178 85,178   0
REAL ESTATE TAXES 57,772 57,772   0
REAL ESTATE TAXES 114,436 114,436   0
REAL ESTATE TAXES 68,971 68,971   0
REAL ESTATE TAXES 3,351 3,351   0