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
POWDER MILL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)140 E MARKET STREET PO BOX 2026
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
YORK, PA174052026
A Employer identification number

23-7751589
B Telephone number (see instructions)

(717) 848-5500
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$168,094,943
J 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) 194,220
2 Check right arrow.............
3 Interest on savings and temporary cash investments 830,076 830,076  
4 Dividends and interest from securities... 962,508 962,508  
5a Gross rents............ 121,151 121,151  
b Net rental income or (loss) -45,439
6a Net gain or (loss) from sale of assets not on line 10 3,719,822
b Gross sales price for all assets on line 6a 18,662,618
7 Capital gain net income (from Part IV, line 2)... 3,719,822
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)....... -1,932,930 -1,658,563  
12 Total. Add lines 1 through 11........ 3,894,847 3,974,994  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 306,979 76,745   230,234
14 Other employee salaries and wages...... 245,434 245,434   0
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... 66,066 33,033   33,033
b Accounting fees (attach schedule)....... 18,105 9,053   9,052
c Other professional fees (attach schedule).... 247,098 247,098   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... 14,007 0   0
19 Depreciation (attach schedule) and depletion... 25,354 25,354  
20 Occupancy.............. 173,143 144,896   28,247
21 Travel, conferences, and meetings....... 24,310 0   34,310
22 Printing and publications..........        
23 Other expenses (attach schedule)....... 174,570 0   174,570
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,295,066 781,613   509,446
25 Contributions, gifts, grants paid....... 11,329,365 12,393,678
26 Total expenses and disbursements. Add lines 24 and 25 12,624,431 781,613   12,903,124
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -8,729,584
b Net investment income (if negative, enter -0-) 3,193,381
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.............      
2 Savings and temporary cash investments......... 2,409,210 1,713,045 1,713,045
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow40,705,351
Less: allowance for doubtful accounts right arrow0 31,178,583 40,705,351 40,705,351
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 95,870 131,862 131,862
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 103,471,335 Click to see attachment
List of Attached Documents:
// Content
92,786,509
119,813,597
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow1,087,865
Less: accumulated depreciation (attach schedule) right arrow197,843 915,376 Click to see attachment
List of Attached Documents:
// Content
890,022
890,022
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 5,816,786 Click to see attachment
List of Attached Documents:
// Content
4,766,475
4,766,475
14 Land, buildings, and equipment: basis right arrow74,591
Less: accumulated depreciation (attach schedule) right arrow   74,591 Click to see attachment
List of Attached Documents:
// Content
74,591
74,591
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 143,961,751 141,067,855 168,094,943
Liabilities 17 Accounts payable and accrued expenses.......... 36,852 36,852
18 Grants payable................. 14,547,917 13,483,605
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 1,600,000 8,500,000
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 16,184,769 22,020,457
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 127,776,982 119,047,398
29 Total net assets or fund balances (see instructions)..... 127,776,982 119,047,398
30 Total liabilities and net assets/fund balances (see instructions). 143,961,751 141,067,855
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
127,776,982
2
Enter amount from Part I, line 27a .....................
2
-8,729,584
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
119,047,398
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
119,047,398
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 PUBLIICLY TRADED SECURITES      
b CODO 200 LP P    
c CODO 241 LP P    
d 28 CODO LLC P    
e 28 CODO TENANT MANAGEMENT LLC P    
CODO 28 LP P    
DOWNTOWN RENAISSANCE FUND LLC P    
GAIN LOSS ON SALE OF INVESTMENT P    
MARKET STREET COMMERCIAL SUBTENANT P    
CAPITAL GAIN DIVIDENDS P    
NOTE RECIEVABLE BAD DEBT 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 18,506,949   13,491,031 5,015,918
b 8,853     8,853
c 8,957     8,957
d     2,044 -2,044
e 87,160     87,160
    386,819 -386,819
    42,621 -42,621
50,699     50,699
    21,582 -21,582
    914,435 -914,435
    84,264 -84,264
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       5,015,918
b       8,853
c       8,957
d       -2,044
e       87,160
      -386,819
      -42,621
      50,699
      -21,582
      -914,435
      -84,264
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 3,719,822
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 44,388
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 44,388
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 44,388
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 131,862
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 131,862
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 87,474
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow87,474 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 arrowPA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. Click to see attachment
List of Attached Documents:
// Content
...............................
10
Yes
 
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowMICHAEL H HADY III Telephone no.right arrow (717) 848-5500

Located atright arrow140 E MARKET STREET PO BOX 2026YORKPA ZIP+4right arrow174052026
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)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
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
DAVE KENNEDY CHAIRMAN
15.00
0 0 0
140 E MARKET STREET
YORK,PA17405
JOSEPHINE S APPELL VICE-CHAIR, TRUSTEE
1.00
0 0 0
140 E MARKET STREET
YORK,PA17405
MARY STETLER SECRETARY
2.00
0 0 0
140 E MARKET STREET
YORK,PA17405
HELEN F APPELL II TRUSTEE
1.00
0 0 0
140 E MARKET STREET
YORK,PA17405
LOUIS J APPELL III TRUSTEE
1.00
0 0 0
140 E MARKET STREET
YORK,PA17405
GEORGE HODGES TRUSTEE
1.00
0 0 0
140 E MARKET STREET
YORK,PA17405
MICHAEL H HADY III PRESIDENT/CEO
40.00
306,979 0 0
140 E MARKET STREET
YORK,PA17405
BEVERLY MACKERETH TRUSTEE
1.00
0 0 0
140 E MARKET STREET
YORK,PA17405
SUZANNE MCCONKY TRUSTEE
1.00
0 0 0
140 E MARKET STREET
YORK,PA17405
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
DF DENT & CO INVESTMENT ADVISORS 222,148
400 E PRATT STREET SUITE 720
BALTIMORE,MD21202
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
124,861,249
b
Average of monthly cash balances.......................
1b
4,342,424
c
Fair market value of all other assets (see instructions)................
1c
49,177,651
d
Total (add lines 1a, b, and c).........................
1d
178,381,324
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
178,381,324
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
2,675,720
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
175,705,604
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
8,785,280
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
8,785,280
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
44,388
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
44,388
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
8,740,892
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
8,740,892
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
8,740,892
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
12,903,124
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
12,903,124
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus
(b)
Years prior to 2022
(c)
2022
(d)
2023
1 Distributable amount for 2023 from Part X, line 7 8,740,892
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......  
c From 2020......  
d From 2021......  
e From 2022...... 4,880,294
f Total of lines 3a through e ........ 4,880,294
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 12,903,124
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..... 8,740,892
e Remaining amount distributed out of corpus 4,162,232
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 9,042,526
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 ......
9,042,526
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022.... 4,880,294
e Excess from 2023.... 4,162,232
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed ..........
Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed .....
         
d Amounts included in line 2c not used directly
for active conduct of exempt activities ..........
         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c ....
         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)
         
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed ..
         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) ....
         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii)....
         
(3) Largest amount of support
from an exempt organization
         
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
MICHAEL H HADY III
140 E MARKET STREET
YORK,PA17401
(717) 848-5500
bThe form in which applications should be submitted and information and materials they should include:
SEND LETTER OUTLINING NEED
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
PRIMARILY TO CHARITABLE ORGANIZATIONS BENEFITING YORK, PENNSYLVANIA
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

APPELL CENTER FOR PERFORMING ARTS

50 N GEORGE STREET
YORK,PA17401
  PC STRATEGIC PLAN 25,000

ACCOUNTABILITY FOR LIFE

755 VOGELSONG RD
YORK,PA17404
  PC VEHICLE PURCHASE 30,000

AMERICAN RED CROSS

5410 MT PISGAH RD
YORK,PA17406
  PC EQUIPMENT PURCHASE 15,637

AMERICAN HEART ASSOCIATION

1617 JOHN F KENNEDY BLVD 700
PHILADELPHIA,PA19103
  PC CPR AND AED TRAINING 24,603

THE ARC OF YORK COUNTY

497 HILL STREET
YORK,PA17403
  PC FINANCIAL SUPPORT 23,333

AJB FOUNDATION

PO BOX 5352
HARRISBURG,PA17110
  PC EQUIPMENT PURCHASE 42,266

BELL SOCIALIZATION SERVICES INC

160 S GEORGE ST
YORK,PA17401
  PC FEASABILITY STUDY 18,000

BELL SOCIALIZATION SERVICES INC

160 S GEORGE ST
YORK,PA17401
  PC PLEDGE PAYMENT 95,000

BRAIDED RIVER COLLECTIVE

2 W MARKET STREET 2ND FLOOR
YORK,PA17401
  PC PLEDGE PAYMENT 150,000

BRAIDED RIVER COLLECTIVE

2 W MARKET STREET 2ND FLOOR
YORK,PA17401
  PC VIDEO PRODUCTION 10,000

CHASING RAINBOWS

PO BOX 382
DALLASTOWN,PA17313
  PC FEASABILITY STUDY 15,000

CHILDREN'S AID SOCIETY

117 WEST 124TH STREET 3RD FLOOR
NEW YORK,NY10027
  PC PLEDGE PAYMENT 200,000

CHLDRENS HOME OF YORK

77 SHOE HOUSE RD
YORKANA,PA17406
  PC STRATEGIC PLAN 25,000

CHILD CARE CONSULTANTS

29 N DUKE ST
YORK,PA17401
  PC EARLY CHILDHOOD EDUCATION INITIATIVE 3,500

COMMUNITIES IN SCHOOLS

234 STATE ST
HARRISBURG,PA17101
  PC YORK CITY SCHOOL SUPPORT 25,000

COMMUNITY REACH

15 FIRST AVENUE
RED LION,PA17356
  PC FOOD SUPPORT 10,000

CREATIVE YORK

10 N BEAVER ST
YORK,PA17401
  PC SEWER AND BASEMENT REPAIR 56,320

CULTURAL ALLIANCE OF YORK COUNTY

14 W MARKET STREET
YORK,PA17401
  PC ANNUAL SUPPORT 70,000

CULTURAL ALLIANCE OF YORK COUNTY

14 W MARKET STREET
YORK,PA17401
  PC MATCHING SUPPORT 50,000

DOWNTOWN INC

2 EAST MARKET STREET
YORK,PA17401
  PC SUPPORT 360,000

DREAMWRIGHTS YOUTH & FAMILY CENTER

100 CARLISLE AVENUE
YORK,PA17401
  PC EQUIPMENT RENTAL/DIGITAL SIGNAGE 25,250

EICHELBERGER PERFORMING ARTS CENTER

195 STOCK STREET STE 200
HANOVER,PA17331
  PC SOUND SYSTEM REPLACEMENT 37,500

FAMILY FIRST HEALTH

116 SOUTH GEORGE STREET
YORK,PA17401
  PC ELEVATOR 80,000

FOUR CHAPLAINS FUND

1050 PENNSYLVANIA AVENUE
YORK,PA17404
  PC EVENT SPONSOR 500

FRIENDS AND NEIGHBORS OF PA

2723 CARLTON PL
YORK,PA17408
  PC VAN PURCHASE & HOMELESS TRAINING FOR PARTNERS AGENCIES 35,000

FRIENDS OF THE STEWARTSTOWN RAILROAD INC

18 N MAIN ST 456
STEWARTSTOWN,PA17363
  PC COACH RESTORATION 10,000

GARDEN CLUB OF YORK

749 RISHEL DRIVE
YORK,PA17406
  PC HANGING BASKET 5,000

GIRLS ON THE RUN MID STATE PA

1307 PARK AVE
WILLIAMSPORT,PA17701
  PC SUPPORT 25,000

GIVE LOCAL YORK

144 ROOSEVELT AVENUE SUITE 206
YORK,PA17401
  PC BOX LUNCH SUPPORT 5,000

GOD'S MEAL BARREL

240 FREDERICK ST
HANOVER,PA17331
  PC REFRIDGERATOR 4,000

GOLDEN COMMUNITIES FOUNDATION

7681 TYLERS PLACE BLVD
WEST CHESTER TOWNSHIP,OH45069
  PC CYBERSECURITY TRAINING FOR VETS 10,000

GREATER YORK DANCE

3524 E MARKET STREET
YORK,PA17402
  PC NUTCRACKER PERFORMANCE 25,000

HARRISBURG UNIVERSITY

326 MARKET ST
HARRISBURG,PA17101
  PC AG & SUSTAINABILITY PLAN 17,533

HANOVER YMCA

500 GEORGE ST
HANOVER,PA17331
  PC PLEDGE PAYMENT 100,000

HER HOUSE

191 BAY ST ROAD
BOSTON,MA02215
  PC FEASABILITY STUDY 15,000

HOPE

13275 BLYMIRE HOLLOW RD
STEWARTSTOWN,PA17363
  PC HOME PURCHASE 100,000

HORN FARM

4945 HORN RD
YORK,PA17406
  PC PLEDGE PAYMENT 75,000

HOSPICE AND COMMUNITY CARE

225 ST CHARLES WAY STE 250
YORK,PA17402
  PC MARKETING AND CLINICAL PEDIATRIC TEAM 65,000

HOUSE OF HOPE

23 N PLEASANT AVE
JACOBUS,PA17407
  PC REPOINTING OF BRICK 53,700

JEWISH FAMILY SERVICES OF HARRISBURG

2994 N 2ND ST
HARRISBURG,PA17110
  PC FOSTER PARENT PROGRAM 25,000

KEYSTONE HUMAN SERVICES

3700 VARTAN WAY
HARRISBURG,PA17110
  PC SERVICE DOGS 34,553

KEYSTONE KIDSPACE

10 HAMILTON AVE
YORK,PA17401
  PC STEAM CLUB AND DAY OF MUSIC 55,920

LANCASTER CONSERVANCY

117 S WEST END AVE
LANCASTER,PA17603
  PC PLEDGE PAYMENT 100,000

LEADERSHIP YORK

238 N GEORGE ST
YORK,PA17401
  PC PLEDGE PAYMENT 100,000

LEADERSHIP YORK

238 N GEORGE ST
YORK,PA17401
  PC NON-PROFIT CEO WORKSHOPS 2,000

LEG UP FARMS

4880 N SHERMAN ST EXT
MT WOLF,PA17362
  PC FIRE CONTROL PANEL REPLACEMENT 19,748

LIFEPATH CHRISTIAN MINISTRIES

367 W MARKET ST
YORK,PA17401
  PC FACILITY UPGRADES 40,000

LOGOSWORKS

255 W KING ST
YORK,PA17401
  PC YORK SAFENET 50,000

LYRIC BAND OF HANOVER

22 YORK ST
HANOVER,PA17331
  PC BUILDING REPAIRS 9,266

LOWER SUSQHEHANNA RIVER

338 S FRONT ST
WRIGHTSVILLE,PA17368
  PC PROPERTY PURCHASE 120,000

MAIN STREET HANOVER

40 YORK ST
HANOVER,PA17331
  PC CHRISTMAS DECORATIONS 20,000

MAIN STREET YORK

144 ROOSEVELT AVE
YORK,PA17401
  PC BLOCK BY BLOCK PROGRAM 100,000

MANTEC

600 N HARTLEY ST
YORK,PA17404
  PC MOVE TO KNOWLEDGE PARK 20,000

MISS BOBBIS PLACE

461 W HOPE STREET
YORK,PA17401
  PC RENOVATIONS 30,000

MORRIS ARBORETUM

100 E NORTHWESTERN AVE
PHILADELPHIA,PA19118
  PC GARDEN INSTALLATION 30,000

NEW BIRTH OF FREEDOM COUNCILBOY SCOUTS

1 BADEN POWELL LANE
YORK,PA17050
  PC DISTINGUISH CITIZEN SUPPORT 2,500

NEW HOPE MINISTRIES

135 BALTIMORE STREET
YORK,PA17331
  PC BUILDING ACQUISTION 150,000

NEW LIFE FOR GIRLS

5925 LEWISBERRY RD
DOVER,PA17315
  PC BUILDING RENOVATIONS 24,000

OLIVIAS HOUSE

830 S GEORGE STREET
YORK,PA17403
  PC KITCHEN AND BATH RENOVATIONS 55,000

PA & MD RAILROAD PRESERVATION SOCIETY

1268 MUDDY CREEK FORKS RD
AIRVILLE,PA17302
  PC FACILITY DEVELOPMENT 60,000

PENNSYLVANIA FRIENDS OF AGRICULTURE FOUNDATION

214 SENATE AVE
CAMP HILL,PA17011
  PC STUDENT EDUCATION PROGRAM 20,000

PAPPUS HOUSE

253 CHERRY ST
YORK,PA17402
  PC PLEDGE PAYMENT 50,000

PARLIAMENT ART ORGANIZATION

116 E KING STREET
YORK,PA17401
  PC SUPPORT 341,600

PENN STATE YORK

1031 EDGECOMB AVE
YORK,PA17403
  PC PLEDGE PAYMENT 50,000

PARTNERSHIP FOR ECONOMIC DEVELOPMENT (YCEA)

144 ROOSEVELT AVENUE SUITE 100
YORK,PA17401
  PC ECONOMIC STUDY & IMPLEMENTATION OF PLACER-AI 75,000

PARTNERSHIP FOR ECONOMIC DEVELOPMENT (YCEA)

144 ROOSEVELT AVENUE SUITE 100
YORK,PA17401
  PC PLEDGE PAYMENT 250,000

PARTNERSHIP FOR ECONOMIC DEVELOPMENT (YCEA)

144 ROOSEVELT AVENUE SUITE 100
YORK,PA17401
  PC PLEDGE PAYMENT 147,000

PENNSYLVANIA COLLEGE OF ART AND DESIGN

204 N PRINCE STREET
LANCASTER,PA17603
  PC FEASABILITY STUDY & PLEDGE PAYMENT 110,000

PEDAL FOR PEACE

531 W KING STREET
YORK,PA17401
  PC BMX BIKE TRACK UPGRADES 30,000

PINK POWER

10 BENTZEL MILL RD
YORK,PA17404
  PC YORK SYMPHONY PERFORMANCE AT BREAST CANCER EVENT 5,000

ROTARY CLUB OF YORK

140 ROOSEVELT AVE SUITE 209
YORK,PA17401
  PC LOVE FORE COMMUNITY EVENT & SERVICE ABOVE SELF AWARDS 4,867

RAINBOW ROSE CENTER

PO BOX 1134
YORK,PA17405
  PC SUPPORT 30,000

SALVATION ARMY

50 E KING ST
YORK,PA17401
  PC BUILDING RENOVATIONS, RED KETTLE PROGRAM, AND PLEDGE PAYMENT 160,000

SERVANTS

100 REDCO AVE SUITE C-0
RED LION,PA17356
  PC YORK CITY HOME IMPROVEMENTS AND PURCHASE OF NEW TRAILER 45,000

SHINE MUSIC FOUNDATION

2 EAST MARKET STREET
YORK,PA17401
  PC RENOVATIONS AND REPAIRS 50,000

ST PAULS LUTHERAN CHURCH

25 W SPRINGETTSBURY AVE
YORK,PA17403
  PC PROPERTY IMPROVEMENTS AT DIAKOM 30,000

ST JOHN EPISCOPAL CHURCH

140 N BEAVER ST
YORK,PA17401
  PC LLOYD MEMORIAL GARDEN 2,000

STICK AND MOVE BOXING

125 E COLLEGE AVE
YORK,PA17401
  PC EQUIPMENT 30,000

SUMMITT GROVE CAMP & CONFERENCE CENTER

140 S FRONT STREET
NEW FREEDOM,PA17349
  PC BUILDING RENOVATIONS 64,000

SUSQUEHANNA NATIONAL HERITAGE AREA

1706 LONG LEVEL RD
WRIGHTSVILLE,PA17368
  PC FINAL PLEDGE PAYMENT 100,000

TEMPLE BETH ISRAEL

2090 HOLLYWOOD DR
YORK,PA17403
  PC GOODE SCHOOL GARDEN 9,760

YORK TEC CENTRO

800 EAST MARKET STREET
YORK,PA17403
  PC PLEDGE PAYMENT 100,000

TYPICAL LIFE CORPORATION

707 LOUCKS RD
YORK,PA17404
  PC CAPITAL IMPROVEMENTS 15,000

UNITED WAY OF YORK COUNTY

800 EAST KING STREET
YORK,PA17403
  PC STRATEGIC PLAN 130,000

UNION LUTHERAN CHURCH

408 W MARKET STREET
YORK,PA17401
  PC YORK COMMUNITY RESOURCE FAIR 5,500

UPMC PINNACLE FOUNDATION

PO BOX 8700
HARRISBURG,PA17105
  PC PARTNERSHIP WITH YORK FRESH FOOD FARMS 50,000

WELL THE

408 W MARKET STREET
YORK,PA17401
  PC SCHOOL UNIFORMS 2,500

WEECONNECT EARLY LEARNING CENTER

1491 S QUEEN STREET
YORK,PA17403
  PC RENOVATIONS AND REPAIRS 75,000

YORK ACADEMY REGIONAL CHARTER SCHOOL

32 W NORTH ST
YORK,PA17401
  PC SPACE FEASABILITY 19,325

YORK ART ASSOCIATION

220 S MARSHALL ST
YORK,PA17402
  PC FEASIBILITY STUDY 30,000

YORK BUILDERS ASSOCIATION

540 GREENBRIAR RD
YORK,PA17404
  PC STRATEGIC PLAN 30,000

YORK CHILDRENS ADVOCACY

28 S QUEEN ST
YORK,PA17403
  PC EMERGENCY PLAN 35,000

YORK CITY POLICE DEPARTMENT

50 W KING STREET
YORK,PA17401
  PC AGING IN PLACE CAMERAS 10,000

YORK COLLEGE OF PENNSYLVANIA

441 COUNTRY CLUB ROAD
YORK,PA17403
  PC SUPPORT 171,083

YORK COLLEGE OF PENNSYLVANIA

441 COUNTRY CLUB ROAD
YORK,PA17403
  PC PLEDGE PAYMENT 30,000

YORK COUNTY BAR ASSOCIATIONFOUNDATION

137 E MARKET STREET
YORK,PA17401
  PC ECONOMIC STUDY 12,500

YORK COUNTY COMMUNITY FOUNDATION

14 WEST MARKET STREET
YORK,PA17401
  PC NON-PROFIT STUDY 52,500

YORK COUNTY HISTORY CENTER

250 E MARKET STREET
YORK,PA17403
  PC PLEDGE PAYMENT & SUPPORT 226,177

YORK COUNTY HONOR'S CHOIR

340 E MARKET ST
YORK,PA17403
  PC ELEMENTARY CHOIR START-UP AND MARKETING 36,000

YORK COUNTY LITERACY COUNCIL

1416 6TH AVE
YORK,PA17403
  PC BRANDING/LOGO/COMMUNICATION PLAN 13,360

YORK COUNTY SPCA

3159 N SUSQUEHANNA TRAIL
YORK,PA17406
  PC FEASIBILITY STUDY 17,000

YORK DAY EARLY LEARNING CENTER

450 E PHILADELPHIA ST
YORK,PA17403
  PC PLAYGROUND UPGRADES AND EMERGENCY REPLACEMENT FREEZER 74,558

YORK FRESH FOOD FARMS

150 WILLIS ROAD
YORK,PA17404
  PC PLEDGE PAYMENTS 20,000

YORK HABITAT FOR HUMANITY

33 S SEWARD ST
YORK,PA17404
  PC PLEDGE PAYMENTS 100,000

YORK JEWISH COMMUNITY CENTER (JCC)

2000 HOLLYWOOD DRIVE
YORK,PA17403
  PC SECURITY UPGRADES 30,000

YORK SYMPHONY ORCHESTRA

50 N GEORGE ST
YORK,PA17401
  PC 4TH OF JULY CONCERT 20,000

YORK FRINGE

2 WEST MARKET STREET
YORK,PA17401
  PC PROGRAM SUPPORT 25,000

YOUNG LIFE OF YORK COUNTY

PO BOX 1171
YORK,PA17405
  PC SUMMER CAMP FOR CITY YOUTH 10,000

YORKTOWNE HOTEL

48 E MARKET ST
YORK,PA17401
  PC SUPPORT 513,242

YMCA OF THE ROSES

599 N NEWBERRY ST
YORK,PA17404
  PC PLEDGE PAYMENTS AND SUPPORTS 211,000

YWCA OF YORK COUNTY

320 E MARKET ST
YORK,PA17403
  PC PLEDGE PAYMENTS AND SUPPORTS 233,545

YORK PROFESSIONAL BASEBALL CLUB

5 BROOKS ROBINSON WAY
YORK,PA17401
  PC SUPPORT 4,250

WHITE ROSE LEADERSHIP

2 W MARKET STREET
YORK,PA17401
  PC SUPPORT 87,788
Total .................................right arrow 3a 6,979,684
bApproved for future payment

BELL SOCIALIZATION SERVICES INC
160 S GEORGE ST
YORK,PA17401
  PC PLEDGE PAYMENTS 300,000

BRAIDED RIVER COLLECTIVE
2 W MARKET STREET 2ND FLOOR
YORK,PA17401
  PC PLEDGE PAYMENTS 150,000

CHILDREN'S AID SOCIETY
117 WEST 124TH STREET 3RD FLOOR
NEW YORK,NY10027
  PC PLEDGE PAYMENTS 550,000

HANOVER YMCA
500 GEORGE ST
HANOVER,PA17331
  PC PLEDGE PAYMENTS 200,000

HORN FARM
4945 HORN RD
YORK,PA17406
  PC PLEDGE PAYMENTS 75,000

LANCASTER CONSERVANCY
117 S WEST END AVE
LANCASTER,PA17603
  PC PLEDGE PAYMENTS 400,000

LEADERSHIP YORK
238 N GEORGE ST
YORK,PA17401
  PC PLEDGE PAYMENTS 150,000

PAPPUS HOUSE
253 CHERRY ST
YORK,PA17402
  PC PLEDGE PAYMENTS 50,000

PENN STATE YORK
1031 EDGECOMB AVE
YORK,PA17403
  PC PLEDGE PAYMENTS 50,000

PARTNERSHIP FOR ECONOMIC DEVELOPMENT (YCEA)
144 ROOSEVELT AVENUE SUITE 100
YORK,PA17401
  PC PLEDGE PAYMENTS 250,000

PARTNERSHIP FOR ECONOMIC DEVELOPMENT (YCEA)
144 ROOSEVELT AVENUE SUITE 100
YORK,PA17401
  PC PLEDGE PAYMENTS 294,000

PENNSYLVANIA COLLEGE OF ART AND DESIGN
204 N PRINCE STREET
LANCASTER,PA17603
  PC PLEDGE PAYMENTS 100,000

SALVATION ARMY
50 E KING ST
YORK,PA17401
  PC PLEDGE PAYMENTS 50,000

YORK TEC CENTRO
800 EAST MARKET STREET
YORK,PA17403
  PC PLEDGE PAYMENTS 100,000

YMCA OF THE ROSES
599 N NEWBERRY ST
YORK,PA17404
  PC PLEDGE PAYMENTS 320,000

YORK COLLEGE OF PENNSYLVANIA
441 COUNTRY CLUB ROAD
YORK,PA17403
  PC PLEDGE PAYMENTS 120,000

YORK COUNTY HISTORY CENTER
250 E MARKET STREET
YORK,PA17403
  PC PLEDGE PAYMENTS 800,000

YORK FRESH FOOD FARMS
150 WILLIS ROAD
YORK,PA17404
  PC PLEDGE PAYMENTS 20,000

YORK HABITAT FOR HUMANITY
33 S SEWARD ST
YORK,PA17404
  PC PLEDGE PAYMENTS 200,000

YWCA OF YORK COUNTY
320 E MARKET ST
YORK,PA17403
  PC PLEDGE PAYMENTS 42,105

WHITE ROSE LEADERSHIP
2 W MARKET STREET
YORK,PA17401
  PC PLEDGE PAYMENTS 128,576
Total ................................. right arrow 3b 4,349,681
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 ...........
    14 830,076  
4 Dividends and interest from securities ....     14 962,508  
5 Net rental income or (loss) from real estate:
aDebt-financed property......         -45,439
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 3,804,086 -84,264
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPASS THROUGH - CODO 28LP
    16 -373,069  
bPASS THROUGH - MARKET STREET YORK LP     16 -236,840  
cPASS THROUGH - COMMONFUND CREDIT SERIES       -158,202  
dPASS THROUGH - COMMONFUND CAPITAL STRATEGIC SOLUTIONS GLOBAL PRIVATE EQUITY 900003 -1,442 16 -139,650  
ePASS THROUGH - COMMONFUND CAPITAL VENTURE PARTNER XIII 900003 8   -134,674  
fPASS THROUGH - COMMONFUND CAPITAL VENTURE PARTNERS XIV, L.P 900003 1,391   -113,763  
gPASS THROUGH - COMMONFUND PRIVATE CREDIT FUND II, LP   -3,485   113,741  
hPASS THROUGH - COMMONFUND SECONDARY PARTNERS III 900003 -12,872 16 -109,659  
iPASS THROUGH - COMMONFUND CAPITAL OCIO GLOBAL PRIVATE EQUITY FUND IV LP 900003 -11,015   -102,639  
jPASS THROUGH - COMMONFUND INSTITUTIONAL HIGH QUALITY BOND       -90,814  
kPASS THROUGH - COMMONFUND REAL ESTATE OPPORTUNITY FUND II, L.P 900003 -32,420 16 -83,741  
lPASS THROUGH - COMMONWEALTH INSTITUTIONAL HIGH QUALITY BOND FUND, LLC - PLED       -53,155  
mPASS THROUGH - COMMONFUND STRATEGIC SOLUTIONS CORE REAL ESTATE FUND LLC       -50,938  
nPASS THROUGH - COMMONFUND CAPITAL ENVIRONMENTAL SUSTANABILITY PARTNERS, 2020 900003 -42,622 16 -43,130  
oPASS THROUGH - CF REIT PORTFOLIO - PLEDGE       -33,535  
pPASS THROUGH - COMMONFUND SOLUTIONS GLOBAL       -33,515  
qPASS THROUGH - YORK PROFESSIONAL BASEBALL CLUB LLC 900003 -85,125   -29,186  
rPASS THROUGH - MARKET STREET RES. SUBTENANT LLC     16 -22,364  
sPASS THROUGH - COMMONFUND SECONDARY PARTNERS IV, LP 900003 46 16 -20,581  
tPASS THROUGH - DOWNTOWN RENAISSANCE FUND 900003 -944 16 -63,285  
12 Subtotal. Add columns (b), (d), and (e) .. -274,367 3,938,107 -129,703
13Total. Add line 12, columns (b), (d), and (e)..................
13
3,534,037
(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.)
5 INVESTMENT IN RENTAL BUILDING - CHARITABLE AND INVESTMENT
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


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

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

23-7751589
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
POWDER MILL FOUNDATION
 
Employer identification number
23-7751589
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
CENTRAL MARKET
 
34 WEST PHILADELPHIA STREET
 
YORK, PA17401

$ 177,200


(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
POWDER MILL FOUNDATION
 
Employer identification number

23-7751589
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
POWDER MILL FOUNDATION
 
Employer identification number

23-7751589
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:
POWDER MILL FOUNDATION
EIN:
23-7751589
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 18,105 9,053   9,052

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

TY 2023 DepreciationSchedule
Name:
POWDER MILL FOUNDATION
EIN:
23-7751589
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)
Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
BUILDING - 140 E. MARKET STREET 2013-10-01 608,312 144,281 SL 39.000000000000 15,598 15,598    
LAND - 140 E. MARKET STREET 2013-10-01 99,027   L   0 0    
RENOVATIONS TO 140 E. MARKET STREET 2014-07-18 10,610 2,289 SL 39.000000000000 272 272    
RENOVATIONS TO 140 E. MARKET STREET 2015-07-01 36,745 7,065 SL 39.000000000000 942 942    
RENOVATIONS TO 140 E. MARKET STREET 2020-07-01 272,945 17,497 SL 39.000000000000 6,999 6,999    
RENOVATIONS TO 140 E. MARKET STREET 2021-03-18 5,040 226 SL 39.000000000000 129 129    
RENOVATIONS TO 140 E. MARKET STREET 2021-11-26 20,489 569 SL 39.000000000000 525 525    
RENOVATIONS TO 140 E. MARKET STREET 2022-01-14 10,738 275 SL 39.000000000000 275 275    
RENOVATIONS TO 140 E. MARKET STREET 2022-05-25 7,259 109 SL 39.000000000000 186 186    
RENOVATIONS TO 140 E. MARKET STREET 2022-08-09 16,700 178 SL 39.000000000000 428 428    
LAND   74,591   L   0 0    

TY 2023 InvestmentsCorpStockSchedule
Name:
POWDER MILL FOUNDATION
EIN:
23-7751589
Name of Stock End of Year Book Value End of Year Fair Market Value
WILMINGTON TRUST HOLDINGS: DF DENT 22,200,040 39,741,850
COMMON FUND HOLDINGS 26,884,138 23,293,374
AGECHEQ 50,000 50,000
CENTRAL MARKET 242,440 242,440
DENTSPLY 706,784 706,784
FIRST ENGERGY CORP 82,474 82,474
TPC TRANSFER CO. 86,781 86,781
COMMONFUND INVESTMENTS 41,172,500 48,563,640
WILMINGTON TRUST HOLDINGS: DF COLLATERAL 1,361,352 7,046,254

TY 2023 InvestmentsLandSchedule2
Name:
POWDER MILL FOUNDATION
EIN:
23-7751589
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
BUILDING - 140 E. MARKET STREET 608,312 159,879 448,433 448,433
LAND - 140 E. MARKET STREET 99,027 0 99,027 99,027
RENOVATIONS TO 140 E. MARKET STREET 10,610 2,561 8,049 8,049
RENOVATIONS TO 140 E. MARKET STREET 36,745 8,007 28,738 28,738
RENOVATIONS TO 140 E. MARKET STREET 272,945 24,496 248,449 248,449
RENOVATIONS TO 140 E. MARKET STREET 5,040 355 4,685 4,685
RENOVATIONS TO 140 E. MARKET STREET 20,489 1,094 19,395 19,395
RENOVATIONS TO 140 E. MARKET STREET 10,738 550 10,188 10,188
RENOVATIONS TO 140 E. MARKET STREET 7,259 295 6,964 6,964
RENOVATIONS TO 140 E. MARKET STREET 16,700 606 16,094 16,094

TY 2023 InvestmentsOtherSchedule2
Name:
POWDER MILL FOUNDATION
EIN:
23-7751589
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ANTIQUE AUTOMOBILE AT COST 26,500 26,500
INVESTMENT IN DOWNTOWN RENAISSANCE FUND AT COST 589,537 589,537
1752 POWDER MILL ROAD AT COST 774,329 774,329
COLLECTIONS AND POTTERY AT COST 29,450 29,450
PARTNERSHIP INVESTMENTS AT COST 3,346,659 3,346,659

TY 2023 LandEtcSchedule2
Name:
POWDER MILL FOUNDATION
EIN:
23-7751589
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
LAND 74,591 0 74,591 74,591


TY 2023 LegalFeesSchedule
Name:
POWDER MILL FOUNDATION
EIN:
23-7751589
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 66,066 33,033   33,033


TY 2023 OtherExpensesSchedule
Name:
POWDER MILL FOUNDATION
EIN:
23-7751589
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OFFICE EXPENSE 9,218 0   9,218
LANDSCAPING 50,537 0   50,537
ADVERTISING 27,914 0   27,914
PARKING 24,781 0   24,781
DUES AND MEMBERSHIP 16,377 0   16,377
INSURANCE 15,580 0   15,580
INFORMATION TECHNOLOGY 5,901 0   5,901
MISCELLANEOUS EXPENSE 23,816 0   23,816
BANK CHARGES 446 0   446


TY 2023 OtherIncomeSchedule2
Name:
POWDER MILL FOUNDATION
EIN:
23-7751589
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PASS THROUGH - CODO 28LP -373,069 -373,069 -373,069
PASS THROUGH - MARKET STREET YORK LP -236,840 -236,840 -236,840
PASS THROUGH - COMMONFUND CREDIT SERIES -158,202 -158,202 -158,202
PASS THROUGH - COMMONFUND CAPITAL STRATEGIC SOLUTIONS GLOBAL PRIVATE EQUITY -141,092 -139,650 -141,092
PASS THROUGH - COMMONFUND CAPITAL VENTURE PARTNER XIII -134,666 -134,674 -134,666
PASS THROUGH - COMMONFUND CAPITAL VENTURE PARTNERS XIV, L.P -112,372 -113,763 -112,372
PASS THROUGH - COMMONFUND PRIVATE CREDIT FUND II, LP 110,256 113,741 110,256
PASS THROUGH - COMMONFUND SECONDARY PARTNERS III -122,531 -109,659 -122,531
PASS THROUGH - COMMONFUND CAPITAL OCIO GLOBAL PRIVATE EQUITY FUND IV LP -113,654 -102,639 -113,654
PASS THROUGH - COMMONFUND INSTITUTIONAL HIGH QUALITY BOND -90,814 -90,814 -90,814
PASS THROUGH - COMMONFUND REAL ESTATE OPPORTUNITY FUND II, L.P -116,161 -83,741 -116,161
PASS THROUGH - COMMONWEALTH INSTITUTIONAL HIGH QUALITY BOND FUND, LLC - PLED -53,155 -53,155 -53,155
PASS THROUGH - COMMONFUND STRATEGIC SOLUTIONS CORE REAL ESTATE FUND LLC -50,938 -50,938 -50,938
PASS THROUGH - COMMONFUND CAPITAL ENVIRONMENTAL SUSTANABILITY PARTNERS, 2020 -85,752 -43,130 -85,752
PASS THROUGH - CF REIT PORTFOLIO - PLEDGE -33,535 -33,535 -33,535
PASS THROUGH - COMMONFUND SOLUTIONS GLOBAL -33,515 -33,515 -33,515
PASS THROUGH - YORK PROFESSIONAL BASEBALL CLUB LLC -114,311 -29,186 -114,311
PASS THROUGH - MARKET STREET RES. SUBTENANT LLC -22,364 -22,364 -22,364
PASS THROUGH - COMMONFUND SECONDARY PARTNERS IV, LP -20,535 -20,581 -20,535
PASS THROUGH - DOWNTOWN RENAISSANCE FUND -64,229 -63,285 -64,229
PASS THROUGH - 44-50 W. MARKET ST LLC -6,126 -6,126 -6,126
PASS THROUGH - CODO 106 LP -5,719 -5,719 -5,719
PASS THROUGH - 28 CODO LLC -146 -146 -146
PASS THROUGH - 106 CODO LLC -18 -18 -18
PASS THROUGH - 140 EAST MARKET STREET LP -78,773 0 -78,773
PASS THROUGH - SUSQUEHANNA CO WINDUP TRUST -7,114   -7,114
PASS THROUGH - MARKET STREET COMMERCIAL SUBTENANT LLC 306 306 306
PASS THROUGH - 100 NORTH GEORGE ST. LLC 21,382 21,382 21,382
PASS THROUGH - 28 CODO TENANT MANAGEMENT LLC 94,803 94,803 94,803
PASS THROUGH - COMMONFUND CAPITAL NATURAL RESOURCES PARTNERS XII -1,069 -1,069 -1,069
PASS THROUGH - COMMONFUND PRIVATE CREDIT FUND III, LP -2,281 -2,281 -2,281
REIUMBURSEMENTS 19,304 19,304 19,304


TY 2023 OtherProfessionalFeesSchedule
Name:
POWDER MILL FOUNDATION
EIN:
23-7751589
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 247,098 247,098   0


TY 2023 SubstantialContributorsSch
Name:
POWDER MILL FOUNDATION
EIN:
23-7751589
Name Address
LOUIS J APPEL JR REV TRUST 1700 POWDER MILL ROAD
YORK,PA17403


TY 2023 TaxesSchedule
Name:
POWDER MILL FOUNDATION
EIN:
23-7751589
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
IRS TAX PAYMENTS 14,007 0   0