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
ALLEGHENY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)301 GRANT ST ONE OXFORD CTR STE3
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PITTSBURGH, PA152196401
A Employer identification number

25-6012303
B Telephone number (see instructions)

(412) 392-2900
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$536,453,979J 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 1,525,232 1,525,232  
4 Dividends and interest from securities... 9,002,395 9,266,695  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 16,554,408
b Gross sales price for all assets on line 6a 130,407,573
7 Capital gain net income (from Part IV, line 2)... 17,099,545
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
378,358 -377,836  
12 Total. Add lines 1 through 11........ 27,460,393 27,513,636  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 612,000 105,291   506,709
14 Other employee salaries and wages...... 201,140 13,264   187,876
15 Pension plans, employee benefits....... 325,640 47,131   276,131
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
45,521 6,637   38,884
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
876,582 876,582   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
365,449 0   0
19 Depreciation (attach schedule) and depletion... 120,857 0  
20 Occupancy.............. 198,039 33,567   196,663
21 Travel, conferences, and meetings....... 3,685 0   3,685
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
100,205 11,477   87,096
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,849,118 1,093,949   1,297,044
25 Contributions, gifts, grants paid....... 20,526,962 23,567,462
26 Total expenses and disbursements. Add lines 24 and 25 23,376,080 1,093,949   24,864,506
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 4,084,313
b Net investment income (if negative, enter -0-) 26,419,687
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............. 25,058 23,842 23,842
2 Savings and temporary cash investments......... 20,749,110 18,015,443 18,015,443
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 18,293 16,661 16,661
10a Investments—U.S. and state government obligations (attach schedule) 5,153,375 Click to see attachment
List of Attached Documents:
// Content
10,496,174 		11,001,401
b Investments—corporate stock (attach schedule)....... 146,407,895 Click to see attachment
List of Attached Documents:
// Content
168,246,142 		302,155,032
c Investments—corporate bonds (attach schedule)....... 0 Click to see attachment
List of Attached Documents:
// Content
29,647,135 		29,784,998
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).......... 191,748,066 Click to see attachment
List of Attached Documents:
// Content
138,991,703 		174,440,102
14 Land, buildings, and equipment: basis right arrow1,056,934
Less: accumulated depreciation (attach schedule) right arrow759,364 418,425 297,570 297,570
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
1,131,703 		Click to see attachment
List of Attached Documents:
// Content
718,930 		Click to see attachment
List of Attached Documents:
// Content
718,930
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 365,651,925 366,453,600 536,453,979
Liabilities 17 Accounts payable and accrued expenses.......... 36,867 39,245
18 Grants payable................. 9,622,500 6,582,000
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) Click to see attachment
List of Attached Documents:
// Content
1,048,810 		Click to see attachment
List of Attached Documents:
// Content
804,294
23 Total liabilities (add lines 17 through 22)......... 10,708,177 7,425,539
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........... 354,943,748 359,028,061
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 354,943,748 359,028,061
30 Total liabilities and net assets/fund balances (see instructions). 365,651,925 366,453,600
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
354,943,748
2
Enter amount from Part I, line 27a .....................
2
4,084,313
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
359,028,061
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
359,028,061
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES   2023-01-01 2023-12-31
b BLUE OWL HEALTHCARE OPPORTUNITIES IV LP P 2023-01-01 2023-12-31
c HUDSON BAY FUND LP P 2023-01-01 2023-12-31
d DOVER STREET XI, LP P 2023-01-01 2023-12-31
e HAMILTON LANE MARKET STREET OPP FUND P 2023-01-01 2023-12-31
HAMILTON LANE MARKET STREET OPP FUND II P 2023-01-01 2023-12-31
GCM GROSVENOR P 2023-01-01 2023-12-31
CAPITAL GAINS 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 129,871,184   113,308,028 16,563,156
b 174,494     174,494
c 31,466     31,466
d 10,681     10,681
e 209,001     209,001
99,626     99,626
2,771     2,771
8,350     8,350
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       16,563,156
b       174,494
c       31,466
d       10,681
e       209,001
      99,626
      2,771
      8,350
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 17,099,545
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) 1 367,234
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........................... 3 367,234
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- ..... 5 367,234
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 387,258
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 35,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 422,258
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
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 55,024
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow55,024 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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.SCAIFE.COM
14
The books are in care ofright arrowALLEGHENY FOUNDATION Telephone no.right arrow (412) 392-2900

Located atright arrow301 GRANT ST STE 3900PITTSBURGHPA ZIP+4right arrow152196401
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
Yes
 
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
 
No
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
MATTHEW A GROLL CHAIRMAN/TRUSTEE
40.00 		426,250 67,250 0
301 GRANT ST STE 3900
PITTSBURGH,PA152196401
LISA ORLANDO SECRETARY
40.00 		153,750 37,969 0
301 GRANT ST STE 3900
PITTSBURGH,PA152196401
MICHAEL W GLEBA TRUSTEE
1.00 		16,000 0 0
301 GRANT ST STE 3900
PITTSBURGH,PA152196401
JAMES ROHR TRUSTEE
1.00 		0 0 0
301 GRANT ST STE 3900
PITTSBURGH,PA152196401
PETER STEPHAICH TRUSTEE
1.00 		0 0 0
301 GRANT ST STE 3900
PITTSBURGH,PA152196401
CHRISTINE TORETTI TRUSTEE
1.00 		16,000 0 0
301 GRANT ST STE 3900
PITTSBURGH,PA152196401
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
NIKI DILLENBURG PROGRAM OFFICER
32.00 		96,050 23,706 0
301 GRANT ST STE 3900
PITTSBURGH,PA152196401
COLLEEN XENAKIS ACCOUNTANT
20.00 		88,425 21,834 0
301 GRANT ST STE 3900
PITTSBURGH,PA152196401
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
PNC FINANCIAL SERVICES GROUP FISCAL AGENT/ADMIN 352,420
300 5TH AVENUE
PITTSBURGH,PA15222
COVINGTON INVESTMENT ADVISORS FISCAL AGENT/ADMIN 221,570
301 EAST MAIN STREET
LIGONIER,PA15658
EAGLE CAPITAL MANAGEMENT FUND MANAGEMENT 114,855
499 PARK AVENUE 17TH FLOOR
NEW YORK,NY10022
EDGEWOOD MANAGEMENT LLC FUND MANAGEMENT 65,456
600 STEAMBOAT ROAD SUITE 103
GREENWICH,CT06830
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
508,003,434
b
Average of monthly cash balances.......................
1b
27,874
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
508,031,308
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
508,031,308
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
7,620,470
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
500,410,838
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
25,020,542
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
25,020,542
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
367,234
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
367,234
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
24,653,308
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
24,653,308
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
24,653,308
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
24,864,506
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
24,864,506
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 24,653,308
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 125,893
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......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 24,864,506
a Applied to 2022, but not more than line 2a 125,893
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..... 24,653,308
e Remaining amount distributed out of corpus 85,305
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 85,305
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 ...... 		85,305
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023.... 85,305
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:
MR MATTHEW A GROLL - ALLEGHENY FOUN
ONE OXFORD CENTRE - 301 GRANT
STREET SUITE 3900
PITTSBURGH,PA152196401
(412) 392-2900
bThe form in which applications should be submitted and information and materials they should include:
SEE STATEMENT 15
cAny submission deadlines:
SEE STATEMENT 15
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
SEE STATEMENT 15
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

412 FOOD RESCUE INC

6140 STATION STREET
PITTSBURGH,PA15206 		NONE PC PROGRAM SUPPORT 50,000

ACTON INSTITUTE FOR THE STUDY OF RELIGION AND LIBERTY

98 E FULTON STREET UNIT 101
GRAND RAPIDS,MI495033280 		NONE PC PROGRAM SUPPORT 66,500

ADELPHOI USA INC

354 MAIN STREET
LATROBE,PA15650 		NONE PC PROJECT SUPPORT 182,500

ALLEGHENY COUNTY LIBRARY ASSOCIATION

22 WABASH STREET SUITE 202
PITTSBURGH,PA15220 		NONE PC CAPITAL SUPPORT 100,000

ALLEGHENY INSTITUTE FOR PUBLIC POLICY

305 MT LEBANON BOULEVARD SUITE 208
PITTSBURGH,PA15234 		NONE PC GENERAL OPERATING SUPPORT 200,000

ALLEGHENY RIVERTRAIL PARK

285 RIVER AVENUE
PITTSBURGH,PA15215 		NONE PC CAPITAL CAMPAIGN SUPPORT 250,000

AMACHI PITTSBURGH

1830 FORBES AVENUE 2ND FLOOR
PITTSBURGH,PA15219 		NONE PC GENERAL OPERATING SUPPORT 100,000

AMERICAN LEGISLATIVE EXCHANGE COUNCIL

2900 CRYSTAL DRIVE 6TH FLOOR
ARLINGTON,VA22202 		NONE PC PROGRAM SUPPORT 85,000

ASHLAND UNIVERSITY

401 COLLEGE AVENUE
ASHLAND,OH44805 		NONE PC PROGRAM SUPPORT 153,000

BILL OF RIGHTS INSTITUTE

1310 NORTH COURTHOUSE ROAD SUITE
620
ARLINGTON,VA22201 		NONE PC PROGRAM SUPPORT 100,000

BOY SCOUTS OF AMERICA WESTMORELAND-FAYETTE COUNCIL

2 GARDEN CENTER DRIVE
GREENSBURG,PA15601 		NONE PC GENERAL OPERATING SUPPORT AND CAPITAL SUPPORT 100,000

BOYS & GIRLS CLUBS OF WESTERN PENNSYLVANIA

317 EAST CARSON STREET WEST TOWER
SUITE 238
PITTSBURGH,PA15219 		NONE PC PROGRAM SUPPORT 368,000

BRADFORD HOUSE HISTORICAL ASSOCIATION

175 S MAIN STREET
WASHINGTON,PA15301 		NONE PC CAPITAL SUPPORT 50,000

BRANDYWINE CONSERVANCY & MUSEUM OF ART

PO BOX 141
CHADDS FORD,PA19317 		NONE PC PROGRAM SUPPORT 87,500

CARLOW UNIVERSITY

3333 5TH AVENUE
PITTSBURGH,PA15213 		NONE PC PROJECT SUPPORT 250,000

CARNEGIE LIBRARY OF HOMESTEAD

510 E 10TH AVENUE
MUNHALL,PA15120 		NONE PC CAPITAL SUPPORT 400,000

CARNEGIE LIBRARY OF PITTSBURGH

4400 FORBES AVENUE
PITTSBURGH,PA15213 		NONE PC CAPITAL SUPPORT 250,000

CARNEGIE MELLON UNIVERSITY

5000 FORBES AVENUE
PITTSBURGH,PA152133890 		NONE PC CAPITAL SUPPORT 4,250,000

CENTER FOR HEARING & DEAF SERVICES INC

1945 5TH AVENUE
PITTSBURGH,PA15219 		NONE PC CAPITAL SUPPORT 200,000

COMMONWEALTH FOUNDATION FOR PUBLIC POLICY ALTERNATIVES THE

225 STATE STREET SUITE 302
HARRISBURG,PA17101 		NONE PC GENERAL OPERATING SUPPORT 300,000

COMPUTER REACH

7800 SUSQUEHANNA STREET SUITE 106
PITTSBURGH,PA15208 		NONE PC PROGRAM SUPPORT 25,000

CROSSROADS FOUNDATION

6901 LYNN WAY
PITTSBURGH,PA15208 		NONE PC GENERAL OPERATING SUPPORT 100,000

DOORS OPEN PITTSBURGH INC

404 ALLENBERRY DRIVE
PITTSBURGH,PA15237 		NONE PC GENERAL OPERATING SUPPORT 25,000

EBT FOUNDATION INC

421 MEADOW STREET BOX 158
ROCKHILL FURNACE,PA17249 		NONE PC PROJECT SUPPORT 150,000

EDUCATION PARTNERSHIP THE

281 CORLISS STREET
PITTSBURGH,PA15220 		NONE PC PROGRAM SUPPORT 50,000

EXTRA MILE EDUCATION FOUNDATION INC

TWO GATEWAY CENTER 603 STANWIX
STREET SUITE 348
PITTSBURGH,PA152221423 		NONE PC PROGRAM SUPPORT 7,800

EXTRA MILE EDUCATION FOUNDATION INC

TWO GATEWAY CENTER 603 STANWIX
STREET SUITE 348
PITTSBURGH,PA152221423 		NONE PC GENERAL OPERATING SUPPORT AND CAPITAL SUPPORT 850,000

FAIRNESS CENTER INC THE

500 NORTH THIRD STREET SUITE 600B
HARRISBURG,PA17101 		NONE PC GENERAL OPERATING SUPPORT 200,000

FAMILY GUIDANCE INC

850 CRANBERRY WOODS DRIVE SUITE
2236
CRANBERRY TOWNSHIP,PA16066 		NONE PC PROGRAM SUPPORT 150,000

FAMILY HOUSE INC

5308 LIBERTY AVENUE
PITTSBURGH,PA15224 		NONE PC GENERAL OPERATING SUPPORT AND CAPITAL CAMPAIGN SUPPORT 350,000

FAYETTE COUNTY COMMUNITY ACTION AGENCY INC

108 NORTH BEESON AVENUE
UNIONTOWN,PA15401 		NONE PC PROJECT SUPPORT 150,000

FAYETTE COUNTY CULTURAL TRUST

139 W CRAWFORD AVENUE
CONNELLSVILLE,PA15425 		NONE PC CAPITAL SUPPORT 100,000

FEDERALIST SOCIETY FOR LAW & PUBLIC POLICY STUDIES

1776 I ST NW SUITE 300
WASHINGTON,DC20006 		NONE PC PROGRAM SUPPORT 45,000

FIRST TEE OF PITTSBURGH

5370 SCHENLEY DRIVE
PITTSBURGH,PA15217 		NONE PC PROGRAM SUPPORT 50,000

FOUNDATION FOR CALIFORNIA UNIVERSITY OF PENNSYLVANIA

250 UNIVERSITY AVENUE BOX 20
CALIFORNIA,PA154191394 		NONE PC PROGRAM SUPPORT 100,000

FOUNDATION FOR FREE ENTERPRISE EDUCATION

3076 WEST 12TH STREET
ERIE,PA16505 		NONE PC PROGRAM SUPPORT 40,000

FRANKLIN NEWS FOUNDATION

20 N CLARK STREET SUITE 3300
CHICAGO,IL60602 		NONE PC GENERAL OPERATING SUPPORT 150,000

FRIENDS OF THE PITTSBURGH FISHER HOUSE INC

3945 FORBES AVENUE BOX 240
PITTSBURGH,PA15213 		NONE PC CAPITAL CAMPAIGN SUPPORT 250,000

GLOBAL LINKS

700 TRUMBULL DRIVE
PITTSBURGH,PA15205 		NONE PC PROGRAM SUPPORT 100,000

GREENSBURG VOLUNTEER FIRE DEPARTMENT

416 SOUTH MAIN STREET
GREENSBURG,PA15601 		NONE PC PROJECT SUPPORT 61,000

GROVE CITY COLLEGE THE INSTITUTE FOR FAITH AND FREEDOM

100 CAMPUS DRIVE
GROVE CITY,PA16127 		NONE PC PROGRAM SUPPORT 225,000

GROVE CITY COLLEGE

100 CAMPUS DRIVE
GROVE CITY,PA16127 		NONE PC CAPITAL CAMPAIGN SUPPORT 2,500,000

GROW PITTSBURGH

6587 HAMILTON AVENUE 2W
PITTSBURGH,PA15206 		NONE PC PROGRAM SUPPORT 75,000

HABITAT FOR HUMANITY OF GREATER PITTSBURGH

6435 FRANKSTOWN AVENUE SUITE 100
PITTSBURGH,PA15206 		NONE PC GENERAL OPERATING SUPPORT AND PROGRAM SUPPORT 350,000

HEAR FOUNDATION THE

2681 SIDNEY STREET SUITE 110
PITTSBURGH,PA15203 		NONE PC GENERAL OPERATING SUPPORT 150,000

HOSANNA HOUSE INC

807 WALLACE AVENUE
WILKINSBURG,PA15221 		NONE PC CAPITAL CAMPAIGN SUPPORT 500,000

IMANI CHRISTIAN ACADEMY

2150 EAST HILLS DRIVE
PITTSBURGH,PA15221 		NONE PC GENERAL OPERATING SUPPORT 275,000

IMANI CHRISTIAN ACADEMY

2150 EAST HILLS DRIVE
PITTSBURGH,PA15221 		NONE PC CAPITAL SUPPORT 125,000

INTERCOLLEGIATE STUDIES INSTITUTE INC

3901 CENTERVILLE ROAD
WILMINGTON,DE198071938 		NONE PC PROJECT SUPPORT 150,000

JEWISH CEMETERY & BURIAL ASSOCIATION OF GREATER PITTSBURGH

2000 TECHNOLOGY DRIVE
PITTSBURGH,PA15219 		NONE PC CAPITAL SUPPORT 50,000

JUBILEE ASSOCIATION INC

2005 WYANDOTTE STREET
PITTSBURGH,PA15219 		NONE PC CAPITAL CAMPAIGN SUPPORT 150,000

JUNIOR ACHIEVEMENT OF WESTERN PENNSYLVANIA INC

90 EMERSON LANE SUITE 1403
BRIDGEVILLE,PA15017 		NONE PC PROGRAM SUPPORT 100,000

LATROBE FOUNDATION INC

PO BOX 110
LATROBE,PA15650 		NONE PC PROJECT SUPPORT 150,000

LAUREL HIGHLANDS WORKFORCE & OPPORTUNITY CENTER INC

310 DONOHOE ROAD
GREENSBURG,PA156016988 		NONE PC GENERAL OPERATING SUPPORT 345,000

LIGHT OF LIFE MINISTRIES INC

665 RIDGE AVENUE
PITTSBURGH,PA15212 		NONE PC GENERAL OPERATING SUPPORT 75,000

LINCOLN INSTITUTE OF PUBLIC OPINION RESEARCH INC

5405 JONESTOWN ROAD SUITE 110
HARRISBURG,PA171124021 		NONE PC GENERAL OPERATING SUPPORT 70,000

MANCHESTER ACADEMIC CHARTER SCHOOL

1214 LIVERPOOL STREET
PITTSBURGH,PA15233 		NONE PC GENERAL OPERATING SUPPORT 200,000

MANCHESTER YOUTH DEVELOPMENT CENTER INC

1214 LIVERPOOL STREET
PITTSBURGH,PA15233 		NONE PC GENERAL OPERATING SUPPORT 150,000

MARY AND ALEXANDER LAUGHLIN CHILDREN'S CENTER

424 FREDERICK AVENUE
SEWICKLEY,PA151431523 		NONE PC GENERAL OPERATING SUPPORT 200,000

MENTORING PARTNERSHIP OF SOUTHWESTERN PENNSYLVANIA THE

4165 BLAIR STREET
PITTSBURGH,PA15207 		NONE PC PROGRAM SUPPORT 120,000

MERCATUS CENTER INC

3434 WASHINGTON BOULEVARD 4TH FLOOR
ARLINGTON,VA22201 		NONE PC PROGRAM SUPPORT 50,000

NEIGHBORHOOD ACADEMY THE

709 NORTH AIKEN AVENUE
PITTSBURGH,PA15206 		NONE PC GENERAL OPERATING SUPPORT 100,000

OPERATION TROOP APPRECIATION

1219 SCHWEITZER ROAD
MCKEESPORT,PA15135 		NONE PC PROGRAM SUPPORT 25,000

OUTSIDE-IN SCHOOL OF EXPERIENTIAL EDUCATION INC

PO BOX 639
GREENSBURG,PA15601 		NONE PC CAPITAL SUPPORT 150,000

PENNSYLVANIA COALITION OF PUBLIC CHARTER SCHOOLS

222 N KESWICK AVENUE
GLENSIDE,PA19038 		NONE PC GENERAL OPERATING SUPPORT 250,000

PHILANTHROPY ROUNDTABLE

1120 20TH STREET NW SUITE 400N
WASHINGTON,DC20036 		NONE PC GENERAL OPERATING SUPPORT 75,000

PITTSBURGH BALLET THEATRE INC

2900 LIBERTY AVENUE
PITTSBURGH,PA152011511 		NONE PC GENERAL OPERATING SUPPORT 100,000

PITTSBURGH BOTANIC GARDEN

799 PINKERTON RUN ROAD
OAKDALE,PA15071 		NONE PC GENERAL OPERATING SUPPORT 125,000

PITTSBURGH MERCY HEALTH SYSTEM INC

1200 REEDSDALE STREET
PITTSBURGH,PA15233 		NONE PC GENERAL OPERATING SUPPORT 100,000

PITTSBURGH OPERA INC

2425 LIBERTY AVENUE
PITTSBURGH,PA152224639 		NONE PC GENERAL OPERATING SUPPORT 150,000

PITTSBURGH PUBLIC THEATER CORPORATION

621 PENN AVENUE
PITTSBURGH,PA15222 		NONE PC GENERAL OPERATING SUPPORT 100,000

PITTSBURGH SYMPHONY INC

600 PENN AVENUE
PITTSBURGH,PA15222 		NONE PC GENERAL OPERATING SUPPORT 110,000

PROPEL SCHOOLS FOUNDATION

3447 EAST CARSON STREET
PITTSBURGH,PA15203 		NONE PC PROGRAM SUPPORT 333,000

READING IS FUNDAMENTAL PITTSBURGH

10 CHILDRENS WAY SUITE 300
PITTSBURGH,PA15212 		NONE PC GENERAL OPERATING SUPPORT 60,000

REAL CLEAR FOUNDATION

666 DUNDEE ROAD SUITE 600
NORTHBROOK,IL600622733 		NONE PC PROGRAM SUPPORT 200,000

RIVER CITY BRASS BAND BNY MELLON CENTER

500 GRANT STREET SUITE 2720
PITTSBURGH,PA15219 		NONE PC GENERAL OPERATING SUPPORT AND PROGRAM SUPPORT 215,000

RIVERS OF STEEL HERITAGE CORPORATION

623 EAST 8TH AVENUE
HOMESTEAD,PA15120 		NONE PC PROJECT SUPPORT 100,000

SALVATION ARMY THE

700 NORTH BELL AVENUE PO BOX 742
CARNEGIE,PA15106 		NONE PC PROGRAM SUPPORT 75,000

THREE RIVERS YOUNG PEOPLES ORCHESTRAS

212 NINTH STREET SUITE 601
PITTSBURGH,PA15222 		NONE PC GENERAL OPERATING SUPPORT 20,000

TRADE INSTITUTE OF PITTSBURGH

7800 SUSQUEHANNA STREET
PITTSBURGH,PA15208 		NONE PC GENERAL OPERATING SUPPORT 350,000

TREE PITTSBURGH

32 62ND STREET
PITTSBURGH,PA152011511 		NONE PC GENERAL OPERATING SUPPORT 100,000

TURTLE CREEK VALLEY ARTS CORPORATION

PO BOX 243
WILMERDING,PA15148 		NONE PC CAPITAL SUPPORT 400,000

UNION MISSION OF LATROBE INC

PO BOX 271 2217 HARRISON AVENU
LATROBE,PA15650 		NONE PC GENERAL OPERATING SUPPORT 145,000

UNION PROJECT THE

801 N NEGLEY AVENUE
PITTSBURGH,PA15206 		NONE PC CAPITAL SUPPORT 50,000

UPMC WESTERN BEHAVIORAL HEALTH AT MON YOUGH

MON YOUGH COMMUNITY SERVICES INC
500 WALNUT STREET 3RD FLOO
MCKEESPORT,PA15132 		NONE PC PROGRAM SUPPORT 143,162

URBAN IMPACT FOUNDATION

2801 N CHARLES STREET
PITTSBURGH,PA15212 		NONE PC CAPITAL SUPPORT 250,000

WASHINGTON CITY MISSION INC

84 W WHEELING STREET
WASHINGTON,PA15301 		NONE PC CAPITAL CAMPAIGN SUPPORT 500,000

WESTERN PENNSYLVANIA CONSERVANCY

800 WATERFRONT DRIVE
PITTSBURGH,PA15222 		NONE PC CAPITAL SUPPORT 350,000

WESTMORELAND COUNTY COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC

145 PAVILION LANE
YOUNGWOOD,PA156971814 		NONE PC CAPITAL SUPPORT 750,000

WESTMORELAND COUNTY FOOD BANK INC

100 DEVONSHIRE DRIVE
DELMONT,PA156261607 		NONE PC PROGRAM SUPPORT 100,000

WESTMORELAND LAND TRUST

218 DONOHOE ROAD
GREENSBURG,PA15601 		NONE PC GENERAL OPERATING SUPPORT 55,000

WESTMORELAND MUSEUM OF ART

221 NORTH MAIN STREET
GREENSBURG,PA15601 		NONE PC GENERAL OPERATING SUPPORT 200,000

WILKINSBURG COMMUNITY DEVELOPMENT CORPORATION

729 WOOD STREET
WILKINSBURG,PA15221 		NONE PC PROGRAM SUPPORT 350,000

YMCA OF GREATER PITTSBURGH

680 ANDERSEN DRIVE SUITE 400 FOSTER
PLAZA 1
PITTSBURGH,PA15220 		NONE PC CAPITAL SUPPORT 350,000

YMCA OF INDIANA COUNTY

60 N BEN FRANKLIN ROAD
INDIANA,PA15701 		NONE PC CAPITAL CAMPAIGN SUPPORT 150,000

YOUNG AMERICA'S FOUNDATION

11480 COMMERCE PARK DRIVE SIXTH
FLOOR
RESTON,VA20191 		NONE PC PROJECT SUPPORT 280,000

YOUNG PRESERVATIONISTS ASSOCIATION OF PITTSBURGH

700 RIVER AVENUE SUITE 318
PITTSBURGH,PA15212 		NONE PC GENERAL OPERATING SUPPORT 100,000

YOUTHPLACES

711 W COMMONS
PITTSBURGH,PA15212 		NONE PC GENERAL OPERATING SUPPORT 150,000
Total .................................right arrow 3a 23,567,462
bApproved for future payment

ADELPHOI USA INC
354 MAIN STREET
LATROBE,PA15650 		NONE PC PROJECT SUPPORT 182,500

BRANDYWINE CONSERVANCY & MUSEUM OF ART
PO BOX 141
CHADDS FORD,PA19317 		NONE PC PROGRAM SUPPORT 87,500

GROVE CITY COLLEGE
100 CAMPUS DRIVE
GROVE CITY,PA16127 		NONE PC CAPITAL CAMPAIGN SUPPORT 2,500,000

HOSANNA HOUSE INC
807 WALLACE AVENUE
WILKINSBURG,PA15221 		NONE PC CAPITAL CAMPAIGN SUPPORT 250,000

MENTORING PARTNERSHIP OF SOUTHWESTERN PENNSYLVANIA THE
4165 BLAIR STREET
PITTSBURGH,PA15207 		NONE PC PROGRAM SUPPORT 120,000

PITTSBURGH BOTANIC GARDEN
799 PINKERTON RUN ROAD
OAKDALE,PA15071 		NONE PC GENERAL OPERATING SUPPORT 125,000

WESTMORELAND COUNTY COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC
145 PAVILION LANE
YOUNGWOOD,PA156971814 		NONE PC CAPITAL SUPPORT 250,000
Total ................................. right arrow 3b 3,515,000
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 1,525,232  
4 Dividends and interest from securities ....     14 9,002,395  
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 .....     18 375,594  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 16,554,408  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER REVENUE 		    01 2,764  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 27,460,393 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
27,460,393
(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
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Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
ALLEGHENY FOUNDATION
EIN:
25-6012303
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AUDIT, COMPILATION AND TAX 45,521 6,637   38,884

TY 2023 GeneralExplanationAttachment
Name:
ALLEGHENY FOUNDATION
EIN:
25-6012303
Identifier Return Reference Explanation
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
EXPENSE ALLOCATIONS PART I, LINES 13 THROUGH 23 COMPENSATION OF OFFICERS, TRUSTEES, AND OTHER EMPLOYEES AS WELL AS THE RELATED EMPLOYEE BENEFITS ARE ALLOCATED BASED ON TIME SPENT IN CARRYING OUT THE FOUNDATION'S EXEMPT PURPOSE VERSUS TIME SPENT IN THE PRODUCTION OF INCOME. FOR ALL OTHER EXPENSES, IF THE EXPENSE CAN BE DIRECTLY ATTRIBUTABLE TO THE PRODUCTION OF INCOME OR CARRYING OUT THE FOUNDATION'S EXEMPT PURPOSE, THAT EXPENSE WILL BE ALLOCATED DIRECTLY TO THAT ACTIVITY. ALL OTHER EXPENSES NOT DIRECTLY ATTRIBUTABLE TO THE PRODUCTION OF INCOME OR CARRYING OUT THE FOUNDATION'S EXEMPT PURPOSE ARE ALLOCATED BASED ON THE SALARY ALLOCATION PREVIOUSLY DESCRIBED.
  FORM 990-PF - GENERAL EXPLANATION ATTACHMENT PART II, LINE 14, LAND, BUILDINGS, AND EQUIPMENT AND ACCUMULATED DEPRECIATIONDESCRIPTION:LEASEHOLD IMPROVEMENTS 746,901OFFICE EQUIPMENT & FURNITURE 310,033 ----------SUBTOTAL FIXED ASSETS 1,056,934 LESS: ACCUMULATED DEPRECIATION (759,364) ----------NET FIXED ASSETS 297,570
  FORM 990-PF - GENERAL EXPLANATION ATTACHMENT IN 2022, THE ORGANIZATION UNDERTOOK A COMPREHENSIVE COMPENSATION STUDY TO ENSURE THAT ITS COMPENSATION PRACTICES ARE COMPETITIVE AND ALIGNED WITH INDUSTRY STANDARDS. THIS STUDY WAS CONDUCTED BY AN INDEPENDENT THIRD-PARTY CONSULTING FIRM SPECIALIZING IN COMPENSATION ANALYSIS. THE PRIMARY OBJECTIVES OF THE STUDY WERE TO:- EVALUATE THE CURRENT COMPENSATION STRUCTURE FOR FOUNDATION EXECUTIVES.- BENCHMARK COMPENSATION AGAINST SIMILAR ORGANIZATIONS WITHIN THE INDUSTRY.- IDENTIFY ANY DISCREPANCIES OR AREAS FOR IMPROVEMENT IN THE CURRENT COMPENSATION PRACTICES.- PROVIDE RECOMMENDATIONS TO ENSURE FAIR AND EQUITABLE COMPENSATION FOR ALL EMPLOYEES.THE FINDINGS FROM THE STUDY WERE REVIEWED BY THE ORGANIZATION'S COMPENSATION COMMITTEE AND THE BOARD OF DIRECTORS. BASED ON THE RECOMMENDATIONS, ADJUSTMENTS WERE MADE TO THE COMPENSATION PACKAGES TO BETTER ALIGN WITH MARKET STANDARDS AND TO SUPPORT THE ORGANIZATION'S GOALS OF ATTRACTING AND RETAINING TOP TALENT.

TY 2023 InvestmentsCorpBondsSchedule
Name:
ALLEGHENY FOUNDATION
EIN:
25-6012303
Name of Bond End of Year Book Value End of Year Fair Market Value
AEP TRANSMISSION CO LLC 29,844 31,173
ALEXANDRIA REAL ESTATE 32,979 33,578
ALLSTATE CORP 50,765 52,506
AMAZON.COM INC 50,474 52,499
AMERICAN ELECTRIC POWER C 49,852 50,674
AMERICAN EXPRESS CO 60,740 61,173
AMERICAN TOWER CORP 110,854 111,185
AMERIPRISE FINANCIAL INC 41,314 41,916
AT&T INC 76,539 77,350
AUTOZONE INC 41,948 42,501
BANK OF AMERICA CORP 240,479 245,231
BANK OF MONTREAL 75,709 76,031
BANK OF NOVA SCOTIA 75,662 76,253
BERKSHIRE HATHAWAY 27,388 27,607
BOEING CO 56,507 56,693
BURLINGTN NORTH SANTA FE 54,050 55,984
CANADIAN IMPERIAL BANK 102,460 102,878
CAPITAL ONE FINANCIAL CO 117,176 119,385
CHARLES SCHWAB CORP 66,415 66,667
CITIGROUP INC 171,691 173,734
CNH INDUSTRIAL CAP LLC 44,001 44,203
COMCAST CORP 59,871 63,112
CON EDISON CO OF NY INC 31,232 31,463
CONAGRA BRANDS INC 75,670 75,924
CONOCOPHILLIPS NOTES 101,318 104,044
CROWN CASTLE INTL CORP 58,903 59,100
CVS HEALTH CORP 49,871 52,106
DIGITAL REALTY TRUST LP 50,473 51,576
DUKE ENERGY INDIANA LLC 29,138 30,545
EIDP INC 49,155 49,805
ENBRIDGE INC 58,934 60,559
ENERGY TRANSFER LP 91,514 92,787
ENERGY TRANSFER PARTNERS 40,866 42,236
EVERSOURCE ENERGY 59,510 59,681
EXTRA SPACE STORAGE LP 50,650 51,245
FIDELITY NATL INFO SERV 74,234 74,240
GENERAL MOTORS FINL CO 82,179 82,694
GLOBAL PAYMENTS INC 131,738 132,691
GOLDMAN SACHS GROUP INC 72,079 73,186
INTEL CORP 46,864 48,929
INVESCO SHORT TERM TREASURY ETF 22,390,265 22,434,726
JM SMUCKER CO 41,349 42,056
JOHNSON & JOHNSON CALL 49,070 50,893
JP MORGAN CHASE & CO 159,337 163,470
KINDER MORGAN ENER PART 53,156 54,873
KROGER CO 67,984 68,697
LYB INT FINANCE III 74,570 74,723
MARRIOTT INTERNATIONAL 110,129 111,947
METLIFE INC 35,436 36,486
MICROSOFT CORP 58,004 59,785
MORGAN STANLEY 191,774 195,995
MPLX LP 23,739 24,689
NEXTERA ENERGY CAPITAL 80,686 80,757
NORFOLK SOUTHERN CORP 60,633 62,239
NUTRIEN LTD 116,635 116,998
NVIDIA CORP 28,099 29,205
ORACLE CORP 60,843 62,646
OREILLY AUTOMOTIVE INC 50,561 51,198
PFIZER INVESTMENT ENTER 40,975 40,835
PROLOGIS LP 59,976 60,764
REALTY INCOME CORP 78,574 80,590
RTX CORP 63,444 63,917
SEMPRA ENERGY 65,766 65,851
SPIRIT REALTY LP 56,298 56,765
SUMITOMO MITSUI FINL 57,932 58,477
SYSCO CORPORATION 42,248 43,300
TAKE-TWO INTERACTIVE SOF 35,012 35,159
TARGET CORP 28,594 29,773
T-MOBILE USA INC 96,435 96,993
TORONTO DOMINION BANK 76,161 76,425
TRANS CANADA PIPELINES SR NTS 30,975 31,927
TRANSCANADA PIPELINES 74,519 74,789
TRUIST FINANCIAL CORP 75,512 75,617
UNION PACIFIC CORP 48,425 51,045
UNITEDHEALTH GROUP INC 43,480 45,303
US BANCORP 89,759 90,582
VALERO ENERGY CORP BDS 37,209 38,366
VANGUARD MORTGAGE BUSINESS SECURITIES 1,540,057 1,541,470
VERIZON COMMUNICATIONS 52,579 54,065
VMWARE INC 77,233 77,748
WALMART INC 61,011 63,158
WARNERMEDIA HOLDINGS INC 60,081 60,041
WEC ENERGY GROUP INC 50,723 50,888
WELLS FARGO & CO 52,488 52,578
WELLS FARGO & COMPANY 82,886 85,369
WESTPAC BKG CORP 75,880 76,916
WEYERHAEUSER CO 49,587 49,760

TY 2023 InvestmentsCorpStockSchedule
Name:
ALLEGHENY FOUNDATION
EIN:
25-6012303
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABORATORIES 156,308 2,751,750
ACCENTURE PLC CLASS A 276,697 322,837
ACCENTURE PLC F CLASS A 2,477,037 8,211,274
AERCAP HOLDINGS NV 415,633 581,926
AIA GROUP LTD SPONSORED ADR 227,200 215,647
AIR PROD & CHEMICALS 3,093,053 3,878,377
AIRBUS SE ADR 169,918 303,932
AKAMAI TECHNOLOGIES 74,744 117,640
ALBEMARLE CORP 93,932 134,222
ALEXANDRIA REAL ESTATE EQUITIES INC 96,254 104,712
ALKERMES PLC 132,375 129,823
ALPHABET INC 6,455,947 13,247,420
ALPHABET INC/CA-CL A 294,457 340,145
ALPHABET INC/CA-CL C 679,011 1,055,143
AMAZON.COM INC 8,067,565 8,552,703
AMEDISYS INC 48,502 42,967
AMERICAN EAGLE OUTFITTERS INC 19,182 29,053
AMPHENOL CORP NEW CL A 179,981 343,684
AON PLC/IRELAND-A 262,333 343,113
APPLE INC 3,054,201 12,462,082
APPLIED MATERIALS INC 36,327 165,311
APTIV PLC 207,510 192,449
ARCH CAPITAL GROUP LTD 166,054 445,026
ARISTA NETWORKS INC 61,821 273,663
ARMSTRONG WORLD INDUSTRIE - WI 73,620 102,056
ASML HOLDING NV-NY 125,547 221,021
ASTRAZENECA PLC SPONS ADR 247,785 297,014
ATLASSIAN CORP PLC-CLASS A 96,573 139,624
ATMOS ENERGY CORP 86,411 101,297
AUTOMATIC DATA PROCESSING INC 154,688 167,738
AVNET INC 92,453 115,416
AXALTA COATING SYSTEMS LTD 41,246 52,993
AZEK CO INC/THE 17,158 32,742
BALL CORPORATION 62,207 63,445
BAYER A G SPONSORED ADR 411,096 251,167
BECTON DICKINSON&CO 1,984,787 3,291,705
BELDEN INC 9,164 15,991
BLACK HILLS CORP 29,393 26,489
BLACKROCK INC 2,124,665 4,915,449
BLACKSTONE INC 2,604,095 2,749,320
BORG WARNER INC. 94,304 93,246
BOSTON PPTYS INC REIT 121,252 89,677
BROADCOM INC 4,839,323 6,139,375
BROADRIDGE FINANCIAL SOL W/I 218,409 263,977
BROOKFIELD ASSET MANAGEMENT CL A 117,464 136,216
BROOKFIELD CORP 67,721 126,538
BROWN & BROWN INC 82,422 277,471
BROWN FORMAN CORP 237,554 1,912,850
BROWN FORMAN CORP CLASS B 96,566 110,203
BWX TECHNOLOGIES INC 16,610 29,081
CABOT CORP 13,952 27,639
CACI INTL INC CL A 22,247 46,636
CACTUS INC-CLASS A 24,805 36,910
CAPITAL ONE FINANCIAL CORP 339,371 440,170
CARLISLE COMPANIES INC 164,056 343,361
CARMAX INC 184,928 231,141
CARTERS INC 17,399 13,256
CBRE GROUP INC 51,161 136,098
CDW CORP/DE 61,000 241,868
CF INDUSTRIES HOLDINGS INC 27,626 81,408
CHAMPIONX CORPORATION 35,826 41,653
CHARLES RIV LABORATORIES INTL INC 60,474 160,043
CHARTER COMMUNICATIONS INC-A 88,034 109,219
CHEESECAKE FACTORY INC 21,271 22,862
CHEVRON CORP 2,689,914 3,198,736
CHIMERA INVESTMENT CORP NEW 56,679 24,551
CITY HOLDING CO 23,585 27,455
CIVITAS RESOURCES INC 44,466 45,951
CLEAN HARBORS INC 19,573 59,508
COLUMBIA BKG SYS INC 60,916 69,768
COMCAST CORPORATION CL A 549,253 470,511
CONOCOPHILLIPS 2,710,208 5,928,043
COPART INC 43,513 286,748
COPT DEFENSE PROPERTIES 47,626 41,674
CORTEVA INC 804,907 1,573,357
COSTCO WHOLESALE CO 1,641,070 3,630,440
CROWN CASTLE INC 4,280,789 3,262,181
CSX CORP 71,712 159,274
CUMMINS INC 89,309 146,617
D R HORTON INC 58,089 259,126
DAIFUKU CO LTD - UNSP ADR 246,375 165,137
DAI-ICHI LIFE HOLD INC UNSP ADR 141,217 144,987
DARDEN RESTAURANTS 1,992,063 2,300,200
DARDEN RESTAURANTS INC W I 91,286 195,353
DEUTSCHE TELEKOM AG 234,747 301,384
DOLLAR TREE INC 209,600 325,010
DORMAN PRODUCTS INC 39,619 33,197
DUKE ENERGY CORP 828,989 2,571,560
EASTMAN CHEM CO 87,468 96,018
ELEVANCE HEALTH INC 389,519 474,389
EMCOR GROUP INC 16,148 49,980
ENCOMPASS HEALTH CORP 44,656 60,382
ENERPAC TOOL GROUP CORP 22,326 27,017
ENPRO INC 25,549 59,404
ENVIRI CORPORATION 20,081 12,078
ENVISTA HOLDINGS CORP 22,502 25,359
EQUIFAX INC 137,986 150,105
ESSEX PPTY TR INC REIT 120,125 109,837
EXLSERVICE HOLDINGS INC 12,783 31,004
EXPEDITORS INTERNATIONAL WASHINGTON INC 51,565 123,130
FACTSET RESH SYS INC 70,429 203,223
FIRST AMERICAN FINANCIAL W/I 35,746 42,337
FIRST HORIZON CORPORATION 39,282 50,226
FIRST INTERSTATE BANCSYS/MT 69,840 56,765
FISERV INC 2,418,490 6,780,154
FLEX LTD 94,791 217,698
FLOOR & DECOR HOLDINGS INC 150,874 219,327
FRANKLIN BSP LENDING COR 989,975 710,655
GARTNER INC 129,639 443,441
GATES INDUSTRIAL CORP 51,257 45,749
GATX CORP 64,018 109,280
GENERAL ELEC CO 370,457 680,523
GENMAB A/S -SP ADR 293,236 245,805
GLACIER BANCORP INC 111,704 130,571
GLOBAL PAYMENTS INC-W/I 84,202 120,904
GLOBUS MEDICAL INC A 33,092 26,911
GOLDMAN SACHS GROUP INC 462,446 648,865
GOODYEAR TIRE & RUBBER CO 14,719 18,945
GRIFOLS SA 200,518 223,851
HAIN CELESTIAL GROUP INC 28,677 12,680
HANOVER INSURANCE GROUP INC 45,163 43,833
HARMONIC INC 48,911 74,289
HDFC BANK LTD 145,206 153,011
HERSHEY CO 2,060,744 1,677,960
HESS CORPORATION 40,717 119,509
HEXCEL CORP 21,329 32,966
HILTON WORLDWIDE HLDGS - W/I 209,686 353,619
HOME DEPOT INC 4,281,499 4,718,971
HONEYWELL INTL INC 527,029 2,516,520
HUMANA INC 60,198 124,982
HUNTINGTON INGALLS INDS INC 92,698 115,280
HURON CONSULTING GROUP INC 28,463 67,951
IAC/INTERACTIVECORP 63,111 156,629
ICICI BANK LTD SPON ADR 34,023 38,345
ILLINOIS TOOL WORKS 708,179 2,005,151
INDEPENDENT BANK CORP MASS 60,603 48,963
INGEVITY CORP 52,538 39,004
INGREDION INC 30,776 42,218
INNOSPEC INC 15,344 25,141
INTEGRA LIFESCIENCES HLDG CORP 51,239 47,295
INTERCONTINENTAL EXCHANGE INC 100,952 208,956
INTUIT SOFTWARE 117,639 272,513
ITT INC 24,743 70,757
JOHNSON & JOHNSON 2,954,511 3,611,603
JPMORGAN CHASE & CO 2,093,321 2,451,992
KEYCORP NEW 71,439 58,450
KLA CORP 102,634 123,817
KORN FERRY 24,840 41,664
L BRANDS INC - W/I 107,964 124,776
L3HARRIS TECHNOLOGIES IN 1,845,220 2,258,900
LABORATORY CORP OF AMERICA HLDG 206,834 358,664
LAM RESEARCH CORP 2,792,679 3,994,626
LANCASTER COLONY CORP 21,166 24,459
LIBERTY BROADBAND-C 935,890 577,830
LIBERTY MEDIA CORP-LIB-NEW-C 154,131 155,931
LILLY ELI & CO 796,304 5,622,263
LIVENT CORP 31,822 44,914
LKQ CORP 99,919 87,026
LUKOIL PJSC-SPON ADR 47,797 1
LUMENTUM HOLDINGS INC -W/I 74,649 55,880
LVMH MOET HENNESSY LOUIS ADR 80,631 148,317
MADDEN STEVEN LTD 25,072 37,338
MARRIOTT INTERNATIONAL INC CL A 191,372 338,716
MARSH & MCLENNAN COMPANIES INC 219,363 225,090
MASCO CORP 65,212 119,425
MASONITE INTERNATIONAL CORP 20,344 26,583
MASTERCARD INC CL A 160,718 179,134
MCDONALDS CORP 1,078,777 3,291,261
MEITUAN UNSP ADR 374,504 141,187
MELCO RESORTS ENTERTAIN LTD ADR 242,140 123,027
MERCADOLIBRE INC 270,797 337,881
META PLATFORMS INC 470,978 929,499
MGIC INVT CORP WIS 20,505 38,734
MGP INGREDIENTS INC 9,446 23,842
MICROCHIP TECHNOLOGY INC 46,558 76,202
MICROSOFT CORP 2,458,423 14,969,400
MKS INSTRS INC 217,639 180,331
MOELIS & CO 145,157 219,973
MOODYS CORP 58,256 66,786
MURPHY OIL CORP 54,411 78,793
MURPHY USA INC-W/I 17,145 71,669
NATIONAL BANK HOLD CL A 22,187 24,397
NATIONAL STORAGE AFFILIATES 51,198 39,479
NETFLIX INC 294,690 652,419
NEWMARK GROUP INC-CLASS A 31,197 56,784
NEXTERA ENERGY INC 187,677 2,642,190
NIKE INC CLASS B 122,984 207,260
NMI HOLDINGS INC-CLASS A 17,929 26,059
NORDIC SEMICONDUCTOR ASA-ADR 226,103 127,264
NORFOLK SOUTHERN CO 2,566,778 2,600,180
NORTHERN TRUST CORP 66,760 61,935
NOV INC 120,500 138,350
NOVO NORDISK A S ADR 119,873 121,037
OCCIDENTAL PETROLEUM CORP 106,866 101,925
O-I GLASS INC 14,688 21,605
OLD NATIONAL BANCORP INDIANA 55,417 53,558
ON SEMICONDUCTOR CORPORATION 49,224 286,926
ONEOK INC NEW 68,697 105,892
OXFORD INDUSTRIES INC 9,594 17,700
PACCAR INC 174,517 295,391
PEPSICO INC 348,594 322,526
PERFORMANCE FOOD GROUP CO 39,099 53,591
PERMIAN RESOURCES CORP 57,039 58,820
PFIZER INC 171,005 138,336
PHYSICIANS REALTY TRUST 30,502 37,015
PINNACLE FINANCIAL 138,445 152,548
PNC FINL SERVICES 4,376,220 5,885,849
POPULAR INC 111,115 112,600
PORTLAND GENERAL ELECTRIC CO 61,721 67,394
PRESTIGE CONSUMER HEALTHCARE INC 45,721 69,546
PRIMERICA INC 38,695 60,288
PROCTER & GAMBLE 1,019,175 2,344,640
PROCTER & GAMBLE CO 131,409 128,369
PROGRESSIVE CORP OHIO 62,079 237,009
PROLOGIS INC. 711,443 1,487,628
PROSUS NV -SPON ADR 681,722 616,587
PRYSMIAN SPA-UNSPONSOREE ADR 135,162 196,591
QUIDELORTHO CORP 49,747 47,979
RAYMOND JAMES FINANCIAL INC 64,987 145,842
REGAL REXNORD CORPORATION 19,397 38,041
REINSURANCE GROUP OF AMERICA 132,873 171,810
RENAISSANCE HOLDINGS LTD 80,421 111,132
RHEINMETALL AG-UNSP ADR 249,707 303,855
ROSS STORES INC 217,556 392,474
ROYAL CARIBBEAN CRUISES LTD 122,476 203,429
RTX CORP 1,828,852 3,900,057
S&P GLOBAL INC 3,047,110 5,112,235
SABRE CORP 167,507 62,335
SAFRAN SA UNSPON ADR 678,797 978,450
SAP SE SPONSORED ADR 381,538 439,036
SCHNEIDER NATIONAL INC-CL B 83,815 82,534
SEALED AIR CORP 90,310 75,523
SHELL PLC-W/I-ADR 692,582 792,100
SILGAN HLDGS INC 29,435 34,662
SILICON LABORATORIES INC 32,682 33,597
SNAP ON INC 71,079 129,978
SONOCO PRODUCTS CO 81,025 81,794
SPIRE INC 26,141 22,255
STAG INDUSTRIES INC 50,307 60,421
STANDARD CHARTERED- UNSP ADR 152,378 133,668
STANDEX INTERNATIONAL CORP 36,195 59,551
STARBUCKS CORP 1,365,122 2,218,599
STIFEL FINL CORP 67,995 142,103
STRYKER CORP 2,147,723 2,363,638
SUZUKI MOTOR CORP-UNS ADR 117,738 121,807
SYNOPSYS INC 41,443 297,618
SYSCO CORP 82,227 106,185
T&D HOLDINGS INC-UNSPON AD ADR 141,665 128,020
TAIWAN SEMICONDUCTOR MTG CO ADR 663,852 687,752
TAKE TWO INTERACTIVE SOFTWARE CDT 84,281 97,536
TECHNIPFMC LTD 149,143 255,778
TECHNOLOGY SELECT SECTOR SPDR FUND ETF 1,268,700 3,625,361
TEGNA INC 16,450 16,448
TEXAS INSTRUMENTS 3,266,911 4,031,379
TEXAS INSTRUMENTS INC 155,644 151,028
THE COCA-COLA CO 332,693 2,357,200
THE SCOTTS MIRACLE-GRO COMPANY 113,045 107,291
THERMO FISHER SCNTFC 2,338,315 6,321,709
THOR INDUSTRIES INC 116,110 139,299
TJX COMPANIES INC NEW 67,129 164,637
TOPGOLF CALLAWAY BRANDS CORP 39,335 27,303
TREEHOUSE FOODS INC 48,561 46,631
UNITEDHEALTH GROUP INC 616,146 836,561
UNITEDHEALTH GRP INC 1,583,369 4,482,892
UNIVEST FINANCIAL CORP 32,423 25,533
URBAN OUTFITTERS INC 29,545 33,156
VALLEY NATIONAL BANCORP 49,636 57,156
VALMONT INDUSTRIES INC 39,748 35,027
VALVOLINE INC 20,848 38,069
VANGUARD LARGE CAP ETF 16,386,027 34,427,813
VANGUARD SCOTTSDALE FDS 220,869 209,764
VANGUARD SMALL CAP GROWTH ETF 3,031,059 5,489,871
VERISK ANALYTICS INC 77,373 82,646
VERIZON COMMUNICATN 1,574,518 1,847,300
VIAVI SOLUTIONS INC -W/I 51,309 47,963
VISA INC 3,841,534 5,207,000
VISA INC CLASS A SHARES 158,642 207,239
VORNADO REALTY TRUST 128,026 141,250
WALMART INC 1,933,494 2,995,350
WASTE MANAGEMENT INC 116,105 123,758
WATERS CORP 152,000 181,406
WATSCO INC 2,026,283 5,347,306
WEBSTER FINANCIAL CORP 106,137 119,489
WEC ENERGY GROUP INC 78,848 100,920
WELLS FARGO & COMPANY 435,257 637,793
WESTAMERICA BANCORPORATION 25,317 26,795
WINTRUST FINL CORP 63,748 72,067
WISDOMTREE U.S. QUALITY DIVI ETF 8,698,095 13,067,512
WOODWARD INC 234,741 275,527
WR BERKLEY CORP 66,150 153,745
YANDEX INV A 9,471 0
YETI HOLDINGS INC 22,732 17,864

TY 2023 InvestmentsGovtObligationsSch
Name:
ALLEGHENY FOUNDATION
EIN:
25-6012303
US Government Securities - End of Year Book Value:

10,496,174
US Government Securities - End of Year Fair Market Value:

11,001,401
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2023 InvestmentsOtherSchedule2
Name:
ALLEGHENY FOUNDATION
EIN:
25-6012303
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ACCOLADE PARTNERS IX, L.P. (ONSHORE) FMV 306,619 298,580
AMERICAN BEACON AHL MANAGED FUTURES STRATEGY FUND R5 CLASS FMV 3,000,000 2,288,684
BLACKROCK EVENT DRIVEN EQ-IS FMV 8,530,000 9,097,080
BLUE OWL HEALTHCARE INVESTMENTS IV LP FMV 1,073,236 1,131,945
DOVER STREET XI L.P. FMV 850,000 1,003,375
ENERGY SELECT SECTOR SPDR FUND ETF FMV 5,028,837 5,270,602
EV GL MACR ABS RTRN ADV FUND CLASS R6 FMV 4,903,122 4,733,162
GCM GROSVENOR CIS III, L.P. FMV 1,064,998 1,157,918
GLDMN SCHS ABS RTRN TR FUND CLASS R6 FMV 3,600,000 3,491,674
GLOBAL X AUTONOMOUS&ELEC-E ETF FMV 1,307,618 1,251,090
GLOBAL X CLOUD COMPUTING ETF ETF FMV 709,065 930,873
GLOBAL X CYBERSECURITY ETF FMV 757,914 755,319
GLOBAL X FINTECH THEMATIC ET ETF FMV 1,534,468 1,631,571
GLOBAL X INTERNET OF THINGS ETF FMV 837,139 1,609,748
GLOBAL X LITHIUM & BATTERY TECH ETF FMV 450,549 863,178
GLOBAL X ROBOTICS & ARTIFI ETF FMV 1,252,829 1,788,432
GLOBAL X SOCIAL MEDIA INDEX ETF FMV 964,387 1,268,950
GLOBAL X VIDEO GAMES& ESPO ETF FMV 772,054 748,630
HAMILTON LANE MARKET STREET OPPORTUNITIES FUND II LP FMV 1,933,842 2,284,052
HAMILTON LANE MARKET STREET OPPORTUNITIES FUND LP FMV 1,540,714 2,359,273
HUDSON BAY FUND LP FMV 2,362,737 2,380,698
ISHARES CORE MSCI EAFE ETF ETF FMV 14,088,806 15,813,625
ISHARES MSCI INTL QUALITY FACTOR ETF FMV 15,349,003 15,998,306
ISHARES RUSSELL 1000 GROWTH ETF FMV 8,454,384 25,593,611
ISHARES RUSSELL 1000 VALUE ETF FMV 14,708,841 23,211,015
ISHARES RUSSELL MID-CAP GROWTH ETF FMV 2,528,075 5,392,225
ISHARES SELECT DIVIDEND ETF FMV 3,592,089 3,683,052
MIDOCEAN PARTNERS VI, LP FMV 511,488 473,039
SCHWAB U.S. TIPS ETF ETF FMV 2,885,903 2,875,437
SPDR GOLD TRUST ETF FMV 7,451,271 8,208,840
VANGUARD TOTAL BOND MARKET ETF FMV 26,641,715 26,846,118

TY 2023 OtherAssetsSchedule
Name:
ALLEGHENY FOUNDATION
EIN:
25-6012303
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PREPAID TAXES 219,707 19,258 19,258
OPER LEASE-RIGHT OF USE ASSET 911,996 699,672 699,672


TY 2023 OtherExpensesSchedule
Name:
ALLEGHENY FOUNDATION
EIN:
25-6012303
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
DUES & SUBSCRIPTIONS 7,299 0   7,299
INSURANCE 41,711 5,843   34,236
OFFICE EXPENSE 19,809 2,888   16,921
COMPUTER MAINTENANCE 14,854 2,166   12,688
TELEPHONE 3,977 580   3,397
GRANT MANAGEMENT SOFTWARE 12,555 0   12,555


TY 2023 OtherIncomeSchedule2
Name:
ALLEGHENY FOUNDATION
EIN:
25-6012303
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
HAMILTON LANE MARKET STREET OPP FUND 273,122 -23,038 273,122
HAMILTON LANE MARKET STREET OPP FUND II 72,790 -81,041 72,790
GCM GROSVENOR 42,220 9,330 42,220
BLUE OWL HEALTHCARE OPPORTUNITIES IV LP 461 -46,423 461
HUDSON BAY FUND LP 112,737 -36,404 112,737
ACCOLADE PARTNERS VENTURE I, L.P. 0 -32,999 0
ACCOLADE PARTNERS IX, L.P. -18,382 -39,144 -18,382
MIDOCEAN PARTNERS VI, LP -97,569 -100,048 -97,569
DOVER -9,785 -30,833 -9,785
OTHER REVENUE 2,764 2,764 2,764


TY 2023 OtherLiabilitiesSchedule
Name:
ALLEGHENY FOUNDATION
EIN:
25-6012303
Description Beginning of Year - Book Value End of Year - Book Value
OPERATING LEASE LIABILTY 911,996 699,672
LHI DEFERRED CREDIT 136,814 104,622


TY 2023 OtherProfessionalFeesSchedule
Name:
ALLEGHENY FOUNDATION
EIN:
25-6012303
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FISCAL AGENT FEE 865,332 865,332   0
CONSULTING FEE 11,250 11,250   0


TY 2023 TaxesSchedule
Name:
ALLEGHENY FOUNDATION
EIN:
25-6012303
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX 365,449 0   0