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
R DALE & FRANCES M HUGHES FDN 47F100011
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 3215
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LANCASTER, PA176043215
A Employer identification number

23-7914215
B Telephone number (see instructions)

(717) 291-2726
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$50,028,109J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,307,780 1,307,780  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 861,029
b Gross sales price for all assets on line 6a 16,300,379
7 Capital gain net income (from Part IV, line 2)... 861,029
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 2,168,809 2,168,809  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 288,084 219,114    
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
61,391 61,391   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
14,260 2,569   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
191      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 363,926 283,074 0 0
25 Contributions, gifts, grants paid....... 2,100,000 2,100,000
26 Total expenses and disbursements. Add lines 24 and 25 2,463,926 283,074 0 2,100,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -295,117
b Net investment income (if negative, enter -0-) 1,885,735
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 858,451 248,229 248,229
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 7,862,352 Click to see attachment
List of Attached Documents:
// Content
6,226,853 		5,995,952
b Investments—corporate stock (attach schedule)....... 11,956,692 Click to see attachment
List of Attached Documents:
// Content
12,168,301 		26,855,408
c Investments—corporate bonds (attach schedule)....... 8,761,222 Click to see attachment
List of Attached Documents:
// Content
7,871,301 		7,155,231
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).......... 7,785,364 Click to see attachment
List of Attached Documents:
// Content
10,415,680 		9,773,289
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 37,224,081 36,930,364 50,028,109
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 37,224,081 36,930,364
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)..... 37,224,081 36,930,364
30 Total liabilities and net assets/fund balances (see instructions). 37,224,081 36,930,364
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
37,224,081
2
Enter amount from Part I, line 27a .....................
2
-295,117
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
1,400
4
Add lines 1, 2, and 3 ..........................
4
36,930,364
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
36,930,364
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 200. ALEXANDRIA REAL ESTATE EQUITIES INC   2022-06-28 2023-08-01
b 1000. ALPHABET INC CLASS A   2015-12-16 2023-05-22
c 1000. AMAZON.COM INC   2017-06-07 2023-05-22
d 1875. AMERICAN TOWER CORP REIT   2019-12-12 2023-08-01
e 140. AMERICAN WATER WORKS   2022-06-28 2023-05-22
5500. APPLE INC   2010-09-24 2023-05-22
1000. APPLE INC   2010-09-24 2023-08-01
67000. APPLE INC 4.300% 05/10/33   2023-05-08 2023-05-22
60000. APPLE INC 4.300% 05/10/33   2023-05-08 2023-05-23
224000. APPLE INC 4.300% 05/10/33   2023-05-08 2023-05-24
975. AVANOS MEDICAL INC   2022-06-28 2023-08-04
435. AZENTA INC   2022-06-28 2023-05-22
125. CHARLES RIVER LABORATORIES INTL INC   2022-06-28 2023-08-04
3075. CHICKEN SOUP FOR THE SOUL ENTMT INC   2022-06-28 2023-05-22
550. CIENA CORPORATION   2022-06-28 2023-08-04
1427. CITIZENS FINANCIAL GROUP INC   2020-07-20 2023-05-22
920. CLEARWAY ENERGY INC   2022-06-28 2023-08-01
620. COMMUNITY FINANCIAL SYSTEM INC   2022-06-28 2023-05-22
350. CONCENTRIX CORP   2022-06-28 2023-05-22
1500. CONOCOPHILLIPS   2022-06-28 2023-08-01
1750. DIGITALBRIDGE GROUP INC   2022-06-28 2023-08-01
250. DOLBY LABORATORIES INC CLASS A   2012-12-26 2023-08-01
114000. EXXON MOBIL CORP 2.440% 08/16/29   2019-08-13 2023-07-11
18000. EXXON MOBIL CORP 2.440% 08/16/29   2019-08-13 2023-07-11
18000. EXXON MOBIL CORP 2.440% 08/16/29   2019-08-13 2023-07-11
27000. EXXON MOBIL CORP 4.327% 03/19/50   2020-03-17 2023-01-11
22000. EXXON MOBIL CORP 4.327% 03/19/50   2020-03-17 2023-01-11
63000. EXXON MOBIL CORP 4.327% 03/19/50   2020-03-17 2023-01-12
24000. EXXON MOBIL CORP 4.327% 03/19/50   2020-03-17 2023-01-13
80000. EXXON MOBIL CORP 4.327% 03/19/50   2020-03-17 2023-01-13
24000. EXXON MOBIL CORP 4.327% 03/19/50   2020-03-17 2023-01-17
14000. EXXON MOBIL CORP 4.327% 03/19/50   2020-03-17 2023-01-17
17000. EXXON MOBIL CORP 4.327% 03/19/50   2020-03-17 2023-01-27
20000. EXXON MOBIL CORP 4.327% 03/19/50   2020-03-17 2023-06-20
11000. EXXON MOBIL CORP 4.327% 03/19/50   2020-03-17 2023-07-03
14000. EXXON MOBIL CORP 4.327% 03/19/50   2020-03-17 2023-07-11
65000. EXXON MOBIL CORP 4.327% 03/19/50   2020-03-17 2023-07-12
6000. EXXON MOBIL CORP 4.327% 03/19/50   2020-03-17 2023-07-12
17000. EXXON MOBIL CORP 4.327% 03/19/50   2020-03-17 2023-07-12
18000. EXXON MOBIL CORP 4.327% 03/19/50   2020-03-17 2023-07-13
12000. EXXON MOBIL CORP 4.327% 03/19/50   2020-03-17 2023-07-18
45000. EXXON MOBIL CORP 4.327% 03/19/50   2022-06-10 2023-07-27
2822. FEDERATED CORP BOND STRATEGY PORT -157   2010-11-23 2023-01-11
4030. FEDERATED CORP BOND STRATEGY PORT -157   2010-11-23 2023-03-27
2323. FEDERATED CORP BOND STRATEGY PORT -157   2010-11-23 2023-04-11
1691. FEDERATED CORP BOND STRATEGY PORT -157   2010-11-23 2023-05-16
4656. FEDERATED CORP BOND STRATEGY PORT -157   2011-04-05 2023-05-26
2175. FEDERATED CORP BOND STRATEGY PORT -157   2011-11-08 2023-06-12
1561. FEDERATED CORP BOND STRATEGY PORT -157   2011-11-08 2023-06-16
2647. FEDERATED CORP BOND STRATEGY PORT -157   2011-11-08 2023-06-29
4647. FEDERATED CORP BOND STRATEGY PORT -157   2011-11-08 2023-07-05
3579. FEDERATED CORP BOND STRATEGY PORT -157   2011-11-08 2023-07-18
3140. FEDERATED CORP BOND STRATEGY PORT -157   2012-01-12 2023-07-24
3410. FEDERATED CORP BOND STRATEGY PORT -157   2012-01-12 2023-08-02
3266. FEDERATED CORP BOND STRATEGY PORT -157   2012-01-12 2023-08-09
4143. FEDERATED CORP BOND STRATEGY PORT -157   2012-01-12 2023-08-16
3312. FEDERATED CORP BOND STRATEGY PORT -157   2012-01-12 2023-09-06
14287. FEDERATED CORP BOND STRATEGY PORT -157   2012-02-03 2023-10-05
1976. FEDERATED CORP BOND STRATEGY PORT -157   2012-05-03 2023-11-16
4550. FEDERATED CORP BOND STRATEGY PORT -157   2012-06-15 2023-11-21
4414. FEDERATED CORP BOND STRATEGY PORT -157   2012-11-05 2023-12-21
2702. FEDERATED HERMES HIGH YIELD STRATEGY PORT -744   2020-12-03 2023-01-11
9926. FEDERATED INTER BD STRATY PORT -742   2020-12-02 2023-06-27
4311. FEDERATED INTER BD STRATY PORT -742   2020-12-02 2023-06-28
578. GRACO INC   2018-02-20 2023-08-01
400. INDUS REALTY TRUST INC   2023-05-22 2023-06-30
18000. LOCKHEED MARTIN CORP 4.450% 05/15/28   2023-05-23 2023-06-22
125000. LOCKHEED MARTIN CORP 4.450% 05/15/28   2023-05-23 2023-06-26
34000. LOCKHEED MARTIN CORP 4.450% 05/15/28   2023-05-23 2023-06-27
43000. METLIFE INC 5.375% 07/15/33   2023-07-10 2023-11-17
56000. METLIFE INC 5.375% 07/15/33   2023-07-10 2023-11-20
45000. METLIFE INC 5.375% 07/15/33   2023-07-10 2023-11-20
68000. METLIFE INC 5.375% 07/15/33   2023-07-10 2023-11-22
11000. METLIFE INC 5.375% 07/15/33   2023-08-01 2023-11-22
847. MICROSOFT CORP   2010-09-24 2023-05-22
577. MOSAIC CO   2020-09-23 2023-05-22
305. NEUROCRINE BIOSCIENCES INC   2022-05-24 2023-08-01
22000. PHILIP MORRIS INTL 5.125% 11/17/27   2022-11-15 2023-01-13
22000. PHILIP MORRIS INTL 5.125% 11/17/27   2022-11-15 2023-01-17
18000. PHILIP MORRIS INTL 5.125% 11/17/27   2022-11-15 2023-07-05
53000. PHILIP MORRIS INTL 5.125% 11/17/27   2022-11-15 2023-07-11
7000. PHILIP MORRIS INTL 5.125% 11/17/27   2022-11-15 2023-07-11
11000. PHILIP MORRIS INTL 5.125% 11/17/27   2023-05-02 2023-07-11
18000. PHILIP MORRIS INTL 4.875% 02/13/26   2023-02-13 2023-06-28
43000. PHILIP MORRIS INTL 4.875% 02/13/26   2023-02-13 2023-06-28
18000. PHILIP MORRIS INTL 4.875% 02/13/26   2023-02-13 2023-06-30
155000. PHILIP MORRIS INTL 4.875% 02/13/26   2023-02-13 2023-06-30
51000. PHILIP MORRIS INTL 4.875% 02/13/26   2023-05-02 2023-06-30
180000. US TREAS NOTES 2.375% 05/15/51   2021-08-18 2023-08-16
91000. US TREAS NOTES 2.375% 05/15/51   2021-11-30 2023-09-26
160000. US TREAS NOTES 2.375% 05/15/51   2021-11-30 2023-09-28
975000. US TREAS NOTES 2.000% 02/15/23   2022-12-15 2023-02-06
2043000. US TREAS NOTES 2.000% 02/15/23   2023-01-13 2023-02-09
67000. US TREAS NOTES 1.750% 05/15/23   2023-02-09 2023-02-16
220000. US TREAS NOTES 1.750% 05/15/23   2023-02-09 2023-02-17
242000. US TREAS NOTES 1.750% 05/15/23   2023-02-09 2023-02-27
1550000. US TREAS NOTES 1.750% 05/15/23   2023-04-13 2023-05-08
100000. US TREAS NOTES 1.500% 02/15/25   2022-08-29 2023-05-09
543000. US TREAS NOTES 1.500% 02/15/25   2022-04-05 2023-05-09
24000. US TREAS NOTES 1.500% 02/15/25   2022-10-06 2023-05-23
109000. US TREAS NOTES 1.500% 02/15/25   2022-12-21 2023-05-23
124000. US TREAS NOTES 1.500% 02/15/25   2022-08-29 2023-05-25
44000. US TREAS NOTES 1.500% 02/15/25   2022-08-29 2023-05-25
245000. US TREAS NOTES 2.875% 05/15/32   2022-09-08 2023-04-11
115000. US TREAS NOTES 2.875% 05/15/32   2023-03-03 2023-09-26
6000. US TREAS NOTES 2.875% 05/15/32   2023-07-06 2023-09-26
302000. US TREAS NOTES 2.875% 05/15/32   2022-09-20 2023-09-26
286000. US TREAS NOTES 3.250% 06/30/27   2022-07-14 2023-02-13
136000. US TREAS NOTES 3.250% 06/30/27   2022-07-28 2023-06-07
47000. US TREAS NOTES 3.250% 06/30/27   2023-01-05 2023-08-16
6000. US TREAS NOTES 3.250% 06/30/27   2023-07-06 2023-08-16
102000. US TREAS NOTES 3.250% 06/30/27   2022-07-28 2023-08-16
198000. US TREAS NOTES 2.625% 07/31/29   2022-10-06 2023-04-11
1000. US TREAS NOTES 2.625% 07/31/29   2023-04-10 2023-04-11
88000. US TREAS NOTES 4.125% 09/30/27   2022-10-12 2023-04-11
22000. US TREAS NOTES 4.125% 10/31/27   2022-11-09 2023-08-16
414000. US TREAS NOTES 4.125% 10/31/27   2022-11-09 2023-09-26
224000. US TREAS NOTES 4.125% 11/15/32   2022-11-18 2023-07-10
130000. US TREAS NOTES 3.875% 11/30/27   2023-01-11 2023-01-13
44000. US TREAS NOTES 3.875% 12/31/27   2023-01-17 2023-04-11
45000. US TREAS NOTES 3.500% 01/31/28   2023-02-06 2023-09-26
336000. US TREAS NOTES 3.500% 01/31/28   2023-02-06 2023-09-28
494000. US TREAS NOTES 3.500% 01/31/28   2023-02-06 2023-10-17
409000. US TREAS NOTES 3.500% 01/31/28   2023-04-10 2023-10-19
11000. US TREAS NOTES 3.500% 01/31/28   2023-08-01 2023-10-19
155000. US TREAS NOTES 4.000% 02/28/30   2023-02-27 2023-03-23
88000. US TREAS NOTES 4.000% 02/28/30   2023-02-27 2023-04-11
137000. US TREAS NOTES 3.500% 04/30/28   2023-05-08 2023-10-19
289000. US TREAS NOTES 4.125% 06/15/26   2023-07-06 2023-08-16
315000. US TREAS NOTES 4.625% 09/30/30   2023-10-19 2023-10-23
15000. WELLS FARGO & CO 2.393% 06/02/28   2020-05-26 2023-12-12
57000. WELLS FARGO & CO 2.393% 06/02/28   2020-05-26 2023-12-12
15000. WELLS FARGO & CO 2.393% 06/02/28   2020-05-26 2023-12-12
3000. WELLS FARGO & CO 2.393% 06/02/28   2023-08-01 2023-12-12
222000. WELLS FARGO & CO 2.393% 06/02/28   2022-09-07 2023-12-12
550. CAPRI HLDGS LTD SPON   2022-06-28 2023-08-01
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CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 24,401   29,598 -5,197
b 125,390   38,852 86,538
c 115,234   50,290 64,944
d 358,207   392,555 -34,348
e 20,029   20,904 -875
957,899   57,463 900,436
195,634   10,448 185,186
66,516   66,940 -424
59,357   59,947 -590
221,921   223,801 -1,880
23,455   26,524 -3,069
18,824   31,731 -12,907
26,039   28,318 -2,279
4,507   23,508 -19,001
22,971   25,888 -2,917
38,437   34,670 3,767
23,973   32,961 -8,988
30,532   39,894 -9,362
33,164   51,991 -18,827
175,736   144,906 30,830
27,783   36,523 -8,740
22,195   8,321 13,874
100,888   114,000 -13,112
15,952   18,000 -2,048
15,948   18,000 -2,052
25,144   27,000 -1,856
20,564   22,000 -1,436
59,894   63,000 -3,106
22,742   24,000 -1,258
75,749   80,000 -4,251
22,711   24,000 -1,289
13,234   14,000 -766
16,072   17,000 -928
18,240   20,000 -1,760
9,989   11,000 -1,011
12,405   14,000 -1,595
58,466   65,000 -6,534
5,373   6,000 -627
15,238   17,000 -1,762
16,213   18,000 -1,787
10,878   12,000 -1,122
40,123   44,535 -4,412
28,022   31,042 -3,020
39,534   44,330 -4,796
23,114   25,553 -2,439
16,521   18,601 -2,080
44,977   50,587 -5,610
21,141   24,176 -3,035
15,235   17,233 -1,998
25,729   29,223 -3,494
45,169   51,303 -6,134
35,074   39,512 -4,438
30,709   34,194 -3,485
33,009   36,658 -3,649
31,713   35,110 -3,397
39,524   44,537 -5,013
31,630   35,604 -3,974
132,869   155,569 -22,700
18,871   21,583 -2,712
43,680   50,108 -6,428
44,405   50,015 -5,610
30,316   35,342 -5,026
119,112   155,640 -36,528
51,646   67,596 -15,950
45,780   25,485 20,295
26,800   26,658 142
17,822   17,968 -146
124,164   124,775 -611
33,736   33,939 -203
42,107   42,740 -633
55,001   55,662 -661
44,060   44,728 -668
66,758   67,589 -831
10,812   10,969 -157
271,670   20,942 250,728
20,884   10,977 9,907
31,520   25,988 5,532
22,560   21,893 667
22,577   21,893 684
18,021   17,912 109
52,988   52,742 246
6,997   6,966 31
10,995   11,248 -253
17,919   17,937 -18
42,839   42,850 -11
17,870   17,937 -67
153,879   154,459 -580
50,649   50,883 -234
121,859   195,632 -73,773
57,899   101,291 -43,392
100,750   181,675 -80,925
971,454   971,372 82
2,035,921   2,035,921  
66,495   66,495  
218,341   218,341  
240,176   240,176  
1,538,359   1,538,345 14
95,430   95,460 -30
518,183   538,980 -20,797
22,702   22,845 -143
103,106   103,022 84
117,432   118,367 -935
41,738   42,001 -263
234,157   244,143 -9,986
101,133   105,892 -4,759
5,276   5,655 -379
265,583   287,096 -21,513
277,420   288,447 -11,027
131,814   138,931 -7,117
44,894   45,787 -893
5,731   5,782 -51
97,429   104,426 -6,997
187,808   191,048 -3,240
949   950 -1
89,812   87,997 1,815
21,685   21,856 -171
404,734   411,533 -6,799
225,610   229,723 -4,113
131,600   130,108 1,492
44,550   44,521 29
42,901   44,325 -1,424
320,053   330,960 -10,907
467,312   486,590 -19,278
385,514   400,063 -14,549
10,368   10,677 -309
159,862   154,286 5,576
90,626   87,594 3,032
128,796   137,075 -8,279
284,698   286,334 -1,636
310,338   308,294 2,044
13,534   15,000 -1,466
51,445   57,000 -5,555
13,532   15,000 -1,468
2,706   2,675 31
200,232   221,307 -21,075
19,808   25,128 -5,320
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
      189
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       -5,197
b       86,538
c       64,944
d       -34,348
e       -875
      900,436
      185,186
      -424
      -590
      -1,880
      -3,069
      -12,907
      -2,279
      -19,001
      -2,917
      3,767
      -8,988
      -9,362
      -18,827
      30,830
      -8,740
      13,874
      -13,112
      -2,048
      -2,052
      -1,856
      -1,436
      -3,106
      -1,258
      -4,251
      -1,289
      -766
      -928
      -1,760
      -1,011
      -1,595
      -6,534
      -627
      -1,762
      -1,787
      -1,122
      -4,412
      -3,020
      -4,796
      -2,439
      -2,080
      -5,610
      -3,035
      -1,998
      -3,494
      -6,134
      -4,438
      -3,485
      -3,649
      -3,397
      -5,013
      -3,974
      -22,700
      -2,712
      -6,428
      -5,610
      -5,026
      -36,528
      -15,950
      20,295
      142
      -146
      -611
      -203
      -633
      -661
      -668
      -831
      -157
      250,728
      9,907
      5,532
      667
      684
      109
      246
      31
      -253
      -18
      -11
      -67
      -580
      -234
      -73,773
      -43,392
      -80,925
      82
       
       
       
       
      14
      -30
      -20,797
      -143
      84
      -935
      -263
      -9,986
      -4,759
      -379
      -21,513
      -11,027
      -7,117
      -893
      -51
      -6,997
      -3,240
      -1
      1,815
      -171
      -6,799
      -4,113
      1,492
      29
      -1,424
      -10,907
      -19,278
      -14,549
      -309
      5,576
      3,032
      -8,279
      -1,636
      2,044
      -1,466
      -5,555
      -1,468
      31
      -21,075
      -5,320
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 861,029
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 26,212
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 26,212
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 26,212
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 11,500
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 40,924
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 52,424
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 26,212
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow26,212 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowPA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowwww.dfhughesfoundation.org
14
The books are in care ofright arrowFULTON BANK NA Telephone no.right arrow (610) 898-8356

Located atright arrow2747 CENTURY BLVDWYOMISSINGPA ZIP+4right arrow19610
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
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
FULTON BANK N A CO-TRUSTEE
10 		191,668    
ONE PENN SQUARE
LANCASTER,PA17602
PATRICIA G HUGHES CO-TRUSTEE
3 		24,104    
3210 GULF BLVD
ST PETE BEACH,FL33706
KEVIN D HUGHES CO-TRUSTEE
3 		24,104    
3210 GULF BLVD
ST PETE BEACH,FL33706
SCOTT R HUGHES CO-TRUSTEE
3 		24,104    
2215 CHERRY COURT
STROUDSBURG,PA18360
CARL E HUGHES CO-TRUSTEE
3 		24,104    
100 CENTER GROVE RD APT 9-11
RANDOLPH,NJ07869
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
47,814,284
b
Average of monthly cash balances.......................
1b
423,053
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
48,237,337
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
48,237,337
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
723,560
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
47,513,777
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,375,689
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
2,375,689
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
26,212
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
26,212
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,349,477
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,349,477
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
2,349,477
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
2,100,000
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
2,100,000
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 2,349,477
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 245,592
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 0
b From 2019...... 0
c From 2020...... 0
d From 2021...... 0
e From 2022...... 0
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 2,100,000
a Applied to 2022, but not more than line 2a 245,592
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..... 1,854,408
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		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 .......... 		495,069
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 ...... 		0
10 Analysis of line 9:
a Excess from 2019.... 0
b Excess from 2020.... 0
c Excess from 2021.... 0
d Excess from 2022.... 0
e Excess from 2023.... 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
CO KEVIN HUGHES
PO BOX 728
STROUDSBURG,PA18360
(610) 898-8356
grantapps@dfhughesfoundation.org
bThe form in which applications should be submitted and information and materials they should include:
ELECTRONIC ONLY - SEE WEBSITE FOR DETAILS
cAny submission deadlines:
APRIL 1 - APRIL 30, EACH YEAR
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
1) REGISTERED NON-PROFIT GROUP UNDER SECTION 501(C)(3) OF THE IRC AND 2) BASED IN MONROE COUNTY, OR PROVIDE SUBSTANTIAL SERVICES TO THE RESIDENTS OF MONROE COUNTY
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

POCONO SERVICES FOR FAMILIES & CHILDREN

212 WEST 4TH STREET
EAST STROUDSBURG,PA18301 		N/A PC ASSISTANCE FOR FAMILIES & 70,159

EAST STROUDSBURG SCHOOL DISTRICT

50 VINE ST
EAST STROUDSBURG,PA18301 		N/A PC PUBLIC EDUCATION 47,192

STROUDSBURG AREA SCHOOL DISTRICT

123 LINDEN STREET
STROUDSBURG,PA18360 		N/A PC PUBLIC EDUCATION 28,250

CELEBRATION OF THE ARTS JAZZ FESTIVAL

PO BOX 249
DELAWARE WATER GAP,PA18327 		N/A PC OPERATIONS 30,831

POCONO MOUNTAIN REGIONAL EMS

135 TEGAWITHA ROAD
TOBYHANNA,PA18466 		N/A PC EMERGENCY SERVICES 264,253

SALVATION ARMY

226 WASHINGTON STREET
EAST STROUDSBURG,PA18301 		N/A PC EAST STROUDSBURG OPERATIONS 125,000

MONROE COUNTY HISTORICAL ASSOCIATION

748 MAIN ST 2ND FLOOR
STROUDSBRUG,PA18360 		N/A PC OPERATIONS 257,500

POCONO MOUNTAIN PUBLIC LIBRARY

5500 MUNICIPAL DRIVE
TOBYHANNA,PA18466 		N/A PC OPERATIONS 38,270

EAST STROUDSBURG UNIVERSITY FDN

200 PROSPECT STREET
EAST STROUDSBURG,PA18301 		N/A PC ART & DESIGN DEPT. & 250,000

SIGHTS FOR HOPE

845 W WYOMING STREET
Allentown,PA18103 		N/A PC OPERATIONS 30,000

DEVEREUX FOUNDATION

1547 MILL CREEK RD
NEWFOUNDLAND,PA18445 		N/A PC DEVELOPMENTALLY DISABLED 25,000

QUIET VALLEY LIVING HISTORICAL FARM

347 QUIET VALLEY ROAD
STROUDSBURG,PA18360 		N/A PC OPERATIONS 29,000

NORTHAMPTON COUNTY COMMUNITY COLLEGE
FOUNDATION
3835 GREEN POND ROAD
BETHLEHEM,PA18020 		N/A PC CAMPUS CONSTRUCTION & 90,000

WOMEN'S RESOURCES OF MONROE COUNTY

PO BOX 645
DELAWARE WATER GAP,PA18327 		N/A PC DOMESTIC VIOLENCE PROGRAM 60,000

PLEASANT VALLEY ECUMENICAL NETWORK

PO BOX 561
SAYLORSBURG,PA18353 		N/A PC DEBT REDUCTION & OPERATIONS 50,000

POCONO AREA TRANSITIONAL HOUSING

814 MAIN STREET
STROUDSBURG,PA18360 		N/A PC GROUP HOME OPERATIONS 97,045

GREGORY W MOYER DEFIBRILLATOR
FUND
PO BOX 365
SHAWNE ON DELAWARE,PA18365 		N/A PC OPERATIONS 49,500

MONROE COUNTY MEALS ON WHEELS

901 POLK VALLEY ROAD
STROUDSBURG,PA18360 		N/A PC SENIOR FEEDING PROGRAM 30,000

PLEASANT VALLEY MANOR INC

4227 MANOR DRIVE
STROUDSBURG,PA18360 		N/A PC SENIOR COMMUNITY SERVICES 119,670

CLYMER LIBRARY ASSOC OF
POCONO PINES
115 FIREHOUSE ROAD
POCONO PINES,PA18350 		N/A PC OPERATIONS 44,216

EASTERN MONROE PUBLIC LIBRARY
ATTN SUSAN LYONS DIRECTOR
1002 NORTH NINTH STREET
STROUDSBURG,PA18360 		N/A PC OPERATIONS 61,600

BARRETT PARADISE FRIENDLY LIBRARY

6500 ROUTE 191
CRESCO,PA18326 		N/A PC ARCHIVAL PROJECT & 10,207

WESTERN POCONO PUBLIC LIBRARY

131 PILGRIM WAY
Brodheadsville,PA18322 		N/A PC OPERATIONS 20,022

ANIMAL WELFARE SOCIETY OF MONROE

PO BOX 13
STROUDSBURG,PA18360 		N/A PC OPERATIONS 85,000

THE FRIENDLY COMMUNITY CENTER

PO BOX 604
MOUNTAINHOME,PA18342 		N/A PC SENIOR & COMMUNITY PROGRAMS 14,500

FAMILY PROMISE OF MONROE COUNTY INC

PO BOX 1021
STROUDSBURG,PA18360 		N/A PC OPERATIONS & UTILITY COSTS 62,000

CHILDRENS ADVOCACY CENTER
OF MONROE COUNTY
PO BOX 608
BARTONSVILLE,PA18321 		N/A PC CHILD ABUSE SUPPORT 30,000

BLAKESLEE COMMUNITY ASSOCIATION
TAMMY LIVZIEY PRESIDENT
PO BOX
BLAKESLEE,PA18610 		N/A PC OPERATIONS 80,785
Total .................................right arrow 3a 2,100,000
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 1,307,780  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 861,029  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   2,168,809  
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,168,809
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 InvestmentsCorpBondsSchedule
Name:
R DALE & FRANCES M HUGHES FDN 47F100011
EIN:
23-7914215
Name of Bond End of Year Book Value End of Year Fair Market Value
VARIOUS CORP. BONDS - ATTACHED 7,871,301 7,155,231

TY 2023 InvestmentsCorpStockSchedule
Name:
R DALE & FRANCES M HUGHES FDN 47F100011
EIN:
23-7914215
Name of Stock End of Year Book Value End of Year Fair Market Value
VARIOUS CORP. STOCK - ATTACHED 12,168,301 26,855,408

TY 2023 InvestmentsGovtObligationsSch
Name:
R DALE & FRANCES M HUGHES FDN 47F100011
EIN:
23-7914215
US Government Securities - End of Year Book Value:

6,226,853
US Government Securities - End of Year Fair Market Value:

5,995,952
State & Local Government Securities - End of Year Book Value:


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


 


TY 2023 InvestmentsOtherSchedule2
Name:
R DALE & FRANCES M HUGHES FDN 47F100011
EIN:
23-7914215
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
MUTUAL FUNDS - ATTACHED AT COST 10,415,680 9,773,289

TY 2023 OtherExpensesSchedule
Name:
R DALE & FRANCES M HUGHES FDN 47F100011
EIN:
23-7914215
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER ALLOCABLE EXPENSE-PRINCI 191 0   0


TY 2023 OtherIncreasesSchedule
Name:
R DALE & FRANCES M HUGHES FDN 47F100011
EIN:
23-7914215
Description Amount
BASIS ADJUST. - MUTUAL FUND RECEIPTS/DISBURSEMENTS 1,400


TY 2023 OtherProfessionalFeesSchedule
Name:
R DALE & FRANCES M HUGHES FDN 47F100011
EIN:
23-7914215
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMNT MNGMNT FEES (NON-DED 61,391 61,391    


TY 2023 TaxesSchedule
Name:
R DALE & FRANCES M HUGHES FDN 47F100011
EIN:
23-7914215
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 2,569 2,569   0
FEDERAL TAX PAYMENT - PRIOR YE 11,691 0   0