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
The Frank De Angeli Family Foundation
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

88-3770360
B Telephone number (see instructions)

(800) 839-1754
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$4,141,798J 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) 3,000,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 8,272 8,272  
4 Dividends and interest from securities... 35,335 35,335  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,444
b Gross sales price for all assets on line 6a 1,747,750
7 Capital gain net income (from Part IV, line 2)... 1,444
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).......      
12 Total. Add lines 1 through 11........ 3,045,051 45,051  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
3,166 3,166    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
18,876 177   18,699
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 22,042 3,343   18,699
25 Contributions, gifts, grants paid....... 10,000 10,000
26 Total expenses and disbursements. Add lines 24 and 25 32,042 3,343   28,699
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,013,009
b Net investment income (if negative, enter -0-) 41,708
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......... 114,683 499,933 499,933
3 Accounts receivable right arrow4,852
Less: allowance for doubtful accounts right arrow     4,852 4,852
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..........      
10a Investments—U.S. and state government obligations (attach schedule) 394,818 Click to see attachment
List of Attached Documents:
// Content
23,609 		23,661
b Investments—corporate stock (attach schedule).......   Click to see attachment
List of Attached Documents:
// Content
2,133,363 		2,244,463
c Investments—corporate bonds (attach schedule)....... 485,000 Click to see attachment
List of Attached Documents:
// Content
1,090,753 		1,117,304
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)..........   Click to see attachment
List of Attached Documents:
// Content
255,000 		251,585
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 994,501 4,007,510 4,141,798
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 994,501 4,007,510
29 Total net assets or fund balances (see instructions)..... 994,501 4,007,510
30 Total liabilities and net assets/fund balances (see instructions). 994,501 4,007,510
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
994,501
2
Enter amount from Part I, line 27a .....................
2
3,013,009
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
4,007,510
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
4,007,510
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,747,750   1,746,306 1,444
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       1,444
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,444
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) 1 580
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 580
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 580
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a  
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
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 9 580
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowDE
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 arrow  
14
The books are in care ofright arrowFoundation Source Telephone no.right arrow (800) 839-1754

Located atright arrow501 Silverside Road Suite 123WilmingtonDE ZIP+4right arrow198091377
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
Yes
 
(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
 
No
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
Jane De Angeli Pres, Dir, Sec, Treas
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Kazuko De Angeli Dir, VP
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Kieran Mark Kindig Dir
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
James Meredith Ashmore Tait Dir, Treas
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
 
Total number of other employees paid over $50,000...................right arrow  
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
 
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2023)
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
1,189,230
b
Average of monthly cash balances.......................
1b
258,332
c
Fair market value of all other assets (see instructions)................
1c
24,125
d
Total (add lines 1a, b, and c).........................
1d
1,471,687
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
1,471,687
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
22,075
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
1,449,612
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
72,481
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
72,481
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
580
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
580
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
71,901
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
71,901
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
71,901
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
28,699
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
28,699
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 71,901
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:2021, 2020, 2019  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022...... 2,034
f Total of lines 3a through e ........ 2,034
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 28,699
a Applied to 2022, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount..... 28,699
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 2,034 2,034
(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  
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		41,168
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		 
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....  
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).)
Kazuko De Angeli
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

R S Mulugeta

LOYOLA UNIVERSITY MARYLAND INC
4501 NORTH CHARLES ST
BALTIMORE,MD21210 		NONE I Scholarship Grant 2,500

E Niftalem

UNIVERSITY OF MARYLAND BALTIMORE
1000 HILLTOP CIR
BALTIMORE,MD21250 		NONE I Scholarship Grant 2,000

B Ludenyo

UNIVERSITY OF MARYLAND BALTIMORE
1000 HILLTOP CIR
BALTIMORE,MD21250 		NONE I Scholarship Grant 2,000

D Enyi

UNIVERSITY OF MARYLAND
1109 LEE BLDG
COLLEGE PARK,MD20742 		NONE I Scholarship Grant 1,000

A Merga

UNIVERSITY OF MARYLAND
1109 LEE BLDG
COLLEGE PARK,MD20742 		NONE I Scholarship Grant 2,500
Total .................................right arrow 3a 10,000
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 8,272  
4 Dividends and interest from securities ....     14 35,335  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,444  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   45,051  
13Total. Add line 12, columns (b), (d), and (e)..................
13
45,051
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
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
The Frank De Angeli Family Foundation
 
Employer identification number

88-3770360
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
The Frank De Angeli Family Foundation
  		Employer identification number
88-3770360
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
De Angeli Kazuko
PO Box 215
 
Vaucluse, New South Wales2030AS

$ 3,000,000


(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
The Frank De Angeli Family Foundation
  		Employer identification number

88-3770360
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
The Frank De Angeli Family Foundation
  		Employer identification number

88-3770360
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


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Software Version:  

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TY 2023 DepreciationSchedule
Name:
The Frank De Angeli Family Foundation
EIN:
88-3770360
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

TY 2023 InvestmentsCorpBondsSchedule
Name:
The Frank De Angeli Family Foundation
EIN:
88-3770360
Name of Bond End of Year Book Value End of Year Fair Market Value
ALLEGION US HOLDING CO - 3.200 10,727 10,778
ALTRIA GROUP INC - 6.200% - 11 10,160 10,497
AMERIAN HONDA FIN CORP - 5.250 17,998 18,325
AMERICAN EXPRESS CO - 3.950% - 17,516 17,711
AMERICAN TOWER CORP BOND - 4.0 10,688 10,805
AT&T INC - 2.750% - 06/01/2031 18,303 19,319
AT&T INC - 4.100% - 02/15/2028 10,444 10,759
BANK NOVA SCOTIA - 5.450% - 06 17,905 18,082
BANK OZK - 4.800% - 01/16/2024 50,000 49,989
BAT CAPITAL CORP MTN CALL MAKE 10,477 10,747
BERRY GLOBAL INC - 1.570% - 01 10,981 11,151
BHP BILLTON FIN - 5.250% - 09/ 18,018 18,411
BLOCK FINL LLC - 3.875% - 08/1 10,779 10,988
BOYD GAMING - 4.750% - 12/01/2 14,363 14,430
BROADCOM - 4.300% - 11/15/2032 18,078 19,209
BROADCOM CORP/BROADCOM CAYMAN 10,513 10,735
CARLISLE 3.75% 12/01/2027 - 3. 10,280 10,539
CARRIER GLOBAL CORP - 2.242% - 10,533 10,661
CDW LLC - 3.276% - 12/01/2028 10,559 10,966
CENTENE CORP - 2.500% - 03/01/ 17,463 18,324
CHARTER COMMUNCATIONS - 2.800% 17,773 18,588
CITIGROUP INC NOTE - 6.270% - 14,676 15,006
CITIGROUP INC NOTE CALL MAKE - 10,302 10,698
CONAGRA BRANDS INC SR NOTE - 4 10,775 10,992
DISCOVERY COMMUNICATIONS LLC - 11,022 11,371
DISNEY WALT CO - 2.000% - 09/0 18,725 19,528
DOLLAR TREE INC - 4.200% - 05/ 10,413 10,767
DTE ENERGY CO SER 2019 F NOTE 3,949 3,953
EAGLE MATLS INC - 2.500% - 07/ 10,649 11,066
ENBRIDGE INC MTN CDS- NOTE - 5 17,821 18,747
ENCOMPASS - 4.750% - 02/01/203 13,631 14,135
EXPEDIA GROUP INC SER B NOTE C 10,546 11,016
FIRST NALT BANCORP - 5.300% - 99,999 100,005
FISERV INC - 5.650% - 08/21/20 11,472 11,545
FORTUNE BRANDS HOME & SECURITY 10,805 11,104
GENUINE PARTS CO - 6.500% - 11 10,205 10,629
GLOBAL PAYMENTS - 2.900% - 05/ 11,152 11,450
GOLDMAN SACHS GROUP INC - 3.85 17,155 17,510
HCA 3.5% 09/01/2030 - 3.500% - 10,671 10,888
HSBC BANK USA MLCD INDU - 0.00 75,000 77,671
INTEL - 3.750% - 08/05/2027 17,219 17,644
JPMORGAN CHASE &CO NT - 1.470% 17,797 18,123
KRAFT HEINZ FOODS - 3.000% - 0 10,393 10,572
L BRANDS INC - 7.500% - 06/15/ 13,130 13,508
MOLSON COORS BEVERAGE CO NOTE 10,369 10,541
MORGAN STANLEY - 5.449% - 07/2 17,837 18,357
MOTOROLA SOLUTIONS INC NOTE - 10,753 10,927
OLIN CORP NOTE CALL - 5.125% - 10,670 10,734
ORACLE CORP - 2.300% - 03/25/2 10,681 10,940
ORACLE CORP NOTE - 6.250% - 11 18,762 19,612
QORVO INC - 4.350% - 10/15/202 10,745 11,385
QUANTA SVCS INC - 2.900% - 10/ 10,817 11,439
QVC INC - 4.450% - 02/15/2025 13,838 14,079
SBA COMMUNICATIONS CORP SER B 1,915 1,921
SERVICE CORP INTL - 5.125% - 0 13,265 13,720
STEEL DYNAMICS INC NOTE - 2.40 10,418 10,543
TEGNA INC SER B NOTE - 4.625% 13,480 14,011
TELEDYNE TECHNOLOGIES INC - 2. 11,202 11,330
TENET HEALTHCARE CORP SER B NO 13,507 13,960
TOYOTA MOTOR CREDIT COMPANY - 18,102 18,295
TRANSDIGM INC SER B NOTE - 5.5 13,580 13,712
TRIMBLE - 4.900% - 06/15/2028 10,581 11,063
TRUST FINL CORP - 6.047% - 06/ 17,918 18,323
UNITED RENTALS NORTHAMER INC - 13,449 13,654
UNITEDHEALTH GROUP INC - 4.250 17,398 17,989
VERIZON COMMS - 4.329% - 09/21 10,661 10,893
WELLS FARGO & CO SER W MTN - 5 17,866 18,398
WESTINGHOUSE AIR BRAKE TECHNOL 10,510 10,886
WILLIS NORTH AMER INC - 4.650% 10,688 10,886
ZIMMER BIOMET HLDGS - 3.550% - 10,676 10,764

TY 2023 InvestmentsCorpStockSchedule
Name:
The Frank De Angeli Family Foundation
EIN:
88-3770360
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABS 23,845 26,307
ABBVIE INC 27,563 30,994
ACCENTURE PLC 35,303 37,898
ADVANCED MICRO DEVICES INC 11,147 13,709
ALIBABA GROUP HOLDING LTD 1,553 1,550
ALLEGION PLC 2,339 2,787
ALLIANCEBERNSTEIN SELECT US LO 87,247 88,867
ALLSTATE CORPORATION PFD 7.37 922 918
ALLSTATE PFD SER H 2,555 2,460
ALPHABET INC CL A 48,055 49,450
ALPHABET INC CL C 5,307 5,496
AMAZON COM 56,571 60,167
AMERICAN ELECTRIC POWER INC 5,743 6,010
AMERICAN EXPRESS CO 10,948 12,552
AMERICAN TOWER REIT INC 11,946 12,953
AMERIPRISE FINANCIAL INC 8,584 9,496
ANALOG DEVICES INC 15,424 16,679
ANSYS INC 3,287 3,992
APPLE INC 43,558 44,282
APPLIED MATERIALS INC 12,023 12,479
ASML HOLDING NV NY REG SHS 6,128 6,812
ASPEN TECHNOLOGY INC COM 2,539 3,082
ASTRAZENECA 11,635 12,325
AT&T DEPO SHA REP 1000 PREFERR 4,533 4,794
AUTODESK, INC 5,196 5,844
AUTOMATIC DATA PROCESSING INC 12,346 12,580
BAC CAPITAL TR X - 6.250% - 03 8,555 8,687
BANK AMER DS PFD SER KK 2,616 2,692
BANK OF AMER CORP 4.125% PREFE 912 957
BANK OF AMERICA CORP 10% SER * 896 718
BANK OF AMERICA CORP PFD 1,305 1,360
BANK OF AMERICA CORP PREFERRED 893 945
BECTON DICKINSON & CO 11,777 12,192
BENTLEY SYSTEMS INC CL B 4,971 4,905
BERKLEY W R CP 3,129 3,182
BLACKROCK INC 13,534 15,424
BLOCK INC 1,750 2,321
BOEING CO 8,540 10,687
BOSTON SCIENTIFIC 8,709 9,192
BRIGHT HORIZONS FAMILY SOLUTIO 2,072 2,262
BRIGHTHOUSE FN IN 5.375% 1,262 1,364
BROADCOM INC 45,862 53,580
CAPITAL ONE FINCL CORP 5.000% 2,135 2,159
CAPITAL ONE FINL DRC PFD SER L 1,741 1,759
CAPITAL ONE FINL DS REPRESENTI 2,311 2,311
CHARLES RIV LABORATORIES INTL 2,844 3,546
CHEMED CORP 2,346 2,339
CHIPOTLE MEX GRILL 10,841 11,435
CHOICE HOTELS INTERNATIONAL IN 2,034 2,039
CHUBB LIMITED 15,338 15,594
CISCO SYSTEMS INC 10,819 11,569
CME GROUP, INC 10,206 10,109
CMS ENERGY CORPORATION 900 874
CONOCOPHILLIPS 10,395 10,911
COOPER COMPANIES INC 3,781 4,163
COSTCO WHOLESALE CORPORATION 12,171 13,862
CROWN CASTLE INTL 8,239 9,100
CVS CAREMARK CORP 12,210 14,134
DANAHER CORP 5,005 5,552
DEERE CO 1,148 1,200
DIAGEO PLC ADS 2,655 2,768
DOLBY LABORATORIES 2,983 2,930
DUKE ENERGY DRC 5,901 5,880
ELI LILLY & CO 22,247 22,151
EMERSON ELECTRIC CO 8,551 9,538
EOG RESOURCES INC 8,841 8,950
EQUIFAX INC 2,797 3,462
EQUITABLE HLDGS DRC 918 944
EQUITABLE HOLDINGS INC PFD SER 809 853
EXPEDITORS INTL WASH INC 2,855 3,053
EXPONENT, INC 2,251 2,553
EXXON MOBIL CORP 37,281 36,593
FACTSET RESH SYST INC 2,747 2,862
FAIR ISSAC & CO INC 2,075 2,328
FEDEX CORPORATION 11,119 11,131
FITB - 6.625% - PFD SER 1 5,755 5,858
GOLDMAN SACHS ABSOLUTE RETURN 75,864 75,998
GOLDMAN SACHS GP PFD - 6.375% 6,396 6,419
GOLDMAN SACHS GROUP 12,099 13,888
GS FINANCE CORP BAGEARS SPX 74,999 75,149
HENRY JACK & ASSOC INC 2,925 3,105
HOME DEPOT INC 12,251 13,862
HONEYWELL INTL 18,136 19,922
HUNTINGTON BANCSHARES, SERIES 1,244 953
HUNTINGTON BNCSH.A 8.5% CV PFD 1,632 1,641
ILLUMINA INC COM 1,713 2,506
INTERACTIVE BROKERS GROUP, INC 2,196 2,321
INTUIT 13,920 15,626
INTUITIVE SURGICAL 10,301 11,470
JOHNSON & JOHNSON 14,635 15,361
JP MORGAN CHASE 28,910 32,659
JP MORGAN CHASE & CO PFD SER D 4,974 5,200
JPMORGAN CHASE & CO 4.550% PFD 4,951 5,125
JPMORGAN CHASE & CO 6.00% PFD 8,859 8,960
JPMORGAN CHASE 4.625% PFD SER 5,666 5,888
JPMORGAN PFD SER MM 04.200% PE 1,355 1,369
KEYCORP 6.125% DEP PFD SERIES 2,260 2,380
KEYCORP DEPOSITORY SHARES 2,211 2,355
KEYCORP PFD SER G DRC 581 641
LENNOX INTL INC 3,654 4,028
LINDE PLC COM 33,893 34,089
LOCKHEED MARTIN CORP 10,229 10,425
LPL FINANCIAL HOLDINGS INC 3,306 3,414
M&T BANK - 5.625% - PFD SER H 2,530 2,576
MARSH AND MCLENNAN COMPANIES I 12,695 12,126
MASTERCARD INC 13,077 14,075
MCDONALD'S CORP 26,187 28,168
META PLATFORMS INC 42,879 45,661
METLIFE INC 5.62500% PFD 4,617 4,664
MICROSOFT CORP 156,923 157,184
MONSTER BEVERAGE CORP 5,417 5,703
MORGAN STANLEY 24,074 28,255
MORGAN STANLEY - 6.375% PFD CL 7,039 7,007
MORGAN STANLEY PFD K 1,805 1,865
MORGAN STANLEY PFD SER E - 7.1 7,450 7,376
MORGAN STANLEY PFD SER F - 6.8 6,441 6,380
NETFLIX INC 7,897 8,277
NEW YORK CMNTY BANCORP CUML SE 440 426
NEXTERA ENERGY, INC 9,633 10,265
NIKE INC-CL B 10,974 11,074
NISOURCE INC. PFD. SERIES B 5,572 5,491
NORDSON CP 3,470 3,962
NORFOLK SOUTHERN CORP 10,757 12,292
NOVARTIS AG ADR 2,281 2,423
NOVO NORDISK A S 3,545 3,621
NVIDIA CORP 13,794 13,866
O'REILLY AUTOMOTIVE INC 9,714 9,501
ORACLE CORP 43,258 39,642
PALO ALTO NETWORKS INC 7,698 9,436
PARKER HANNIFIN CP 7,685 8,293
PAYPAL HOLDINGS, INC 1,529 1,658
PHILLIPS 66 7,320 8,388
POOL CORP 3,853 4,386
PROCTER GAMBLE CO 25,905 24,912
PROLOGIS 25,031 30,126
PUBLIC STORAGE DEP 1,327 1,412
PUBLIC STORAGE PFD SER A 6.125 1,181 1,198
PUBLIC STORAGE PRFD 'H' 2,280 2,370
QUALCOMM INC 2,979 3,326
RAYTHEON TECHNOLOGIES CORP 6,511 6,815
REGENERON PHARMACEUTICALS INC 4,009 4,391
REGIONS FINANCIAL CORP NEW MON 7,750 7,972
REGIONS FINANCIAL SER C 451 490
REPUBLIC SVCS INC 8,401 8,740
ROCHE HOLDING LTD ADR 1,808 1,956
ROCKWELL AUTOMATION INC 5,152 5,899
ROLLINS INC 2,736 3,013
S&P GLOBAL INC COM 8,499 9,251
SAIA, INC 2,461 2,629
SALESFORCE.COM 20,236 23,946
SCHLUMBERGER LTD 7,259 7,338
SCOTTS CO. CLASS A 1,641 1,849
SEI INVESTMENTS 2,028 2,224
SHERWIN-WILLIAMS CO 10,513 12,164
SHOPIFY INC 3,434 3,895
SITEONE LANDSCAPE SUPPLY INC 2,333 2,763
SPDR BARCLAYS CAPITAL 1-3 MONT 15,127 15,079
STARBUCKS CORP COM 21,529 19,490
STATE STREET CORP NEW MONEY PF 6,285 6,232
SYSCO CORP 9,812 10,165
TAIWAN SEMICONDUCTOR MFG CO LT 19,411 20,488
TELEDYNE TECH INC 2,348 2,678
TERADYNE INC 2,816 3,364
TESLA MOTORS INC 9,156 9,691
THE COCA-COLA CO 27,635 28,522
THERMO FISHER SCIENTIFIC INC 10,810 12,208
THOR INDS INC 3,180 3,784
TJX COMPANIES INC 13,474 14,447
TRANE TECHNOLOGIES PLC 5,227 5,610
TRAVELERS COMPANIES INC 10,156 11,239
TRUIST FIN PFD SER R 2,714 2,837
TRUIST FINANCIAL CORP PFD SER 458 467
UNION PACIFIC 24,396 27,264
UNITED PARCEL SERVICE 21,107 22,484
UNITEDHEALTH GROUP INC 40,435 39,485
VERTEX PHARMCTLS INC 4,557 5,290
VISA INC 31,289 32,804
VOYA FINL INC SER B 5.35 1,409 1,487
WAL-MART STORES INC 13,940 14,031
WALT DISNEY HOLDINGS CO 5,353 5,147
WATSCO INC 3,045 3,428
WELLS FARGO & CO 9,454 11,025
WELLS FARGO & CO 4.375% 2,740 2,837
WELLS FARGO & CO 4.700% PFD SE 3,834 3,950
WELLS FARGO & COM 4.25 SER-DD 1,827 1,867
WELLS FARGO COMPANY PREFERRED 5,261 5,441
WELLS FARGO PFD SER R - 6.625% 6,128 6,072
WORKDAY INC 1,854 2,208
YUM BRANDS INC 9,565 9,800
YUM CHINA HOLDINGS INC 875 806
ZEBRA TECHNOLOGIES CORP 2,392 3,007
ZURN WATER SOLUTIONS 2,796 2,794

TY 2023 InvestmentsGovtObligationsSch
Name:
The Frank De Angeli Family Foundation
EIN:
88-3770360
US Government Securities - End of Year Book Value:

23,609
US Government Securities - End of Year Fair Market Value:

23,661
State & Local Government Securities - End of Year Book Value:


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


 


TY 2023 InvestmentsOtherSchedule2
Name:
The Frank De Angeli Family Foundation
EIN:
88-3770360
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
BLACKSTONE PRIVATE CREDIT FUND   255,000 251,585

TY 2023 OtherExpensesSchedule
Name:
The Frank De Angeli Family Foundation
EIN:
88-3770360
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 18,674     18,674
Bank Charges 177 177    
State or Local Filing Fees 25     25


TY 2023 OtherProfessionalFeesSchedule
Name:
The Frank De Angeli Family Foundation
EIN:
88-3770360
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Services 3,166 3,166