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 03-01-2023 , and ending 02-29-2024
Name of foundation
Axe-Houghton Foundation
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)FOUNDATION SOURCE 55 WALLS DR 3 FL
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
FAIRFIELD, CT06824
A Employer identification number

13-6200200
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$8,617,307J 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) 0
2 Check right arrow.............
3 Interest on savings and temporary cash investments 398 398  
4 Dividends and interest from securities... 243,677 243,677  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,159,733
b Gross sales price for all assets on line 6a 6,047,302
7 Capital gain net income (from Part IV, line 2)... 1,159,733
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........ 1,403,808 1,403,808  
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
34,199 34,199    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
18,512      
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
45,876 25   45,851
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 98,587 34,224   45,851
25 Contributions, gifts, grants paid....... 418,000 418,000
26 Total expenses and disbursements. Add lines 24 and 25 516,587 34,224   463,851
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 887,221
b Net investment income (if negative, enter -0-) 1,369,584
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......... 30,608 22,257 22,257
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..........      
10a Investments—U.S. and state government obligations (attach schedule)   Click to see attachment
List of Attached Documents:
// Content
405,339 		405,923
b Investments—corporate stock (attach schedule)....... 6,855,121 Click to see attachment
List of Attached Documents:
// Content
7,345,354 		8,189,127
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
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) 6,885,729 7,772,950 8,617,307
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 6,885,729 7,772,950
29 Total net assets or fund balances (see instructions)..... 6,885,729 7,772,950
30 Total liabilities and net assets/fund balances (see instructions). 6,885,729 7,772,950
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
6,885,729
2
Enter amount from Part I, line 27a .....................
2
887,221
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
7,772,950
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
7,772,950
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 6,047,302   4,887,569 1,159,733
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       1,159,733
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 1,159,733
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 19,037
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 19,037
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 19,037
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 17,300
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 17,300
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 1,737
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 arrowNY
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright 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)
 
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
Lynn F Angelson Dir
1.0 		0 0 0
FOUNDATION SOURCE 55 WALLS DR 3 FL
FAIRFIELD,CT06824
Bruce D Haims Dir, Treas, Sec
1.0 		0 0 0
FOUNDATION SOURCE 55 WALLS DR 3 FL
FAIRFIELD,CT06824
Katrina E McCann Dir
1.0 		0 0 0
FOUNDATION SOURCE 55 WALLS DR 3 FL
FAIRFIELD,CT06824
Warner Shook Dir
1.0 		0 0 0
FOUNDATION SOURCE 55 WALLS DR 3 FL
FAIRFIELD,CT06824
Jeffrey Steinman Dir, Pres
1.0 		0 0 0
FOUNDATION SOURCE 55 WALLS DR 3 FL
FAIRFIELD,CT06824
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
8,403,686
b
Average of monthly cash balances.......................
1b
27,414
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
8,431,100
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
8,431,100
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
126,467
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
8,304,633
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
415,232
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
415,232
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
19,037
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
19,037
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
396,195
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
396,195
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
396,195
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
463,851
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
463,851
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 7 396,195
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 302,439
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......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 463,851
a Applied to 2022, but not more than line 2a 302,439
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..... 161,412
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
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 .......... 		234,783
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 ...... 		0
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.... 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
NONE
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

ASIAN AMERICAN WRITERS WORKSHOP INC

112 W 27TH ST STE 600
NEW YORK,NY10001 		N/A PC Mouth to Mouth Open Mic Series fund 6,500

BUSHWICK STARR

419 ELDERT ST
BROOKLYN,NY11237 		N/A PC 2023-24 Artistic Development Activities fund 6,000

CLASSICAL THEATRE OF HARLEM

566 WEST 159TH ST STE 44
NEW YORK,NY10032 		N/A PC Resident Youth Theatre Company at Wadleigh Secondary School for the Performing Arts 6,000

CLUBBED THUMB INC

440 LAFAYETTE ST 4TH FL
NEW YORK,NY10003 		N/A PC Summerworks 2024 6,500

COLT COEUR THEATER COMPANY INC

20 JAY ST
BROOKLYN,NY11201 		N/A PC Education Initiative (EI) fund 5,000

COMMUNITY-WORD PROJECT INC

11 BROADWAY STE 508
NEW YORK,NY10004 		N/A PC Collaborative Arts Residency (CAR) program 6,000

CSC REPERTORY LTD

136 E 13TH ST
NEW YORK,NY10003 		N/A PC Production Support for WINE IN THE WILDERNESS, part of CSC's 2023-24 Season 9,000

DE LA SALLE ACADEMY

332 W 43RD ST
NEW YORK,NY10036 		N/A PC Axe-Houghton Speech and Debate Program 12,000

ENGLISH SPEAKING UNION OF THE UNITED STATES

144 E 39TH ST
NEW YORK,NY10016 		N/A PC ESU International Public Speaking Competition (IPSC) 5,000

ENSEMBLE STUDIO THEATRE INC

549 W 52ND ST FL 2
NEW YORK,NY10019 		N/A PC EST / Youngblood 2023-2024 6,000

EPIC THEATRE CENTER INC

3101 VERNON BLVD 612
ASTORIA,NY11106 		N/A PC Epic's After School REMIX 9,000

FOUNDATION FOR CITY COLLEGE

160 CONVENT AVE NUM 154
NEW YORK,NY10031 		N/A PC The Poetry Outreach Center 6,000

GIRL BE HEARD INSTITUTE

20 JAY ST 210B
BROOKLYN,NY11201 		N/A PC Girl Empowerment Weekend Workshops 9,000

GROUP 1 ACTING COMPANY

630 NINTH AVE SUITE 214
NEW YORK,NY10036 		N/A PC 2024 New York City In-School Residencies program 6,000

HUNTS POINT ALLIANCE FOR CHILDREN

1231 LAFAYETTE AVE
BRONX,NY10474 		N/A PC Shakespeare Children's Ensemble 6,500

IRISH REPERTORY THEATRE COMPANY INC

132 W 22ND ST STE 2
NEW YORK,NY10011 		N/A PC Irish Repertory Theatre 2023-2024 Season 8,500

IRONDALE PRODUCTIONS INC

85 SOUTH OXFORD ST
BROOKLYN,NY11217 		N/A PC Collisions fund 6,000

JACK ARTS INC

20 PUTNAM AVE
BROOKLYN,NY11238 		N/A PC I AM A BAD BLK PERSON 5,000

JUSTICE RESOURCE CENTER

122 AMSTERDAM AVE ROOM 504A
NEW YORK,NY10023 		N/A PC The Constitution Works 11,000

JUSTICE RESOURCE CENTER

122 AMSTERDAM AVE ROOM 504A
NEW YORK,NY10023 		N/A PC We The People-Oral Debate fund 11,000

KEEN THEATER COMPANY INC

520 8TH AVE RM 328
NEW YORK,NY10018 		N/A PC Keen Teens 2024 4,500

LA MAMA EXPERIMENTAL THEATRE CLUB INC

74A EAST 4TH ST
NEW YORK,NY10003 		N/A PC POETRY ELECTRIC 2023-2024 8,000

LATINX PLAYWRIGHTS CIRCLE INC

22 RED BARN LN
MIDDLETOWN,NY10940 		N/A PC Intensive Mentorship Program 7,500

MABOU MINES DEVELOPMENT FOUNDATION INC

PO BOX 777 PETER STUYVESANT STA
NEW YORK,NY10009 		N/A PC RADAR 24/Open Mic Night 5,000

MANHATTAN CLASS COMPANY INC

511 W 52ND ST
NEW YORK,NY10019 		N/A PC MCC Theater Classroom Partnerships Initiative fund 8,500

MINT THEATER COMPANY INC

412 W 42ND ST
NEW YORK,NY10036 		N/A PC PARTNERSHIP written by Elizabeth Baker 8,000

MOVEMENT THEATRE COMPANY INC

279 W 117TH ST
NEW YORK,NY10026 		N/A PC TWO BOROUGHS AND A STATE 7,500

NATIONAL ASIAN-AMERICAN THEATRE COMPANY

520 8TH AVE RM 309
NEW YORK,NY10018 		N/A PC funds for Isabel 8,000

NATIONAL BLACK THEATRE WORKSHOP INCORPORATED

213 W 137TH ST
NEW YORK,NY10030 		N/A PC Soul Series Liberating Artistic Bravery Residency program 8,000

NEW DRAMATISTS INC

PO BOX 2697
NEW YORK,NY10108 		N/A PC The Playwrights Lab 8,500

NEW YORK CITY URBAN DEBATE LEAGUE INC

25 BROADWAY 12TH FL
NEW YORK,NY10004 		N/A PC The New York City Urban Debate League 2023-24 Tournament Season 12,000

NEW YORK CLASSICAL THEATRE INC

64 FULTON ST STE 1108
NEW YORK,NY10038 		N/A PC Panoramic Theatre production of Shakespeare's Henry IV 7,500

NEW YORK STAGE AND FILM COMPANY INC

214 W 29TH ST RM 1001
NEW YORK,NY10001 		N/A PC NYC DEVELOPMENTAL PROGRAMMING 5,500

NEW YORK THEATRE WORKSHOP INC

79 E 4TH ST
NEW YORK,NY10003 		N/A PC New York Theatre Workshop's 23/24 Education and Community Engagement Fund 8,500

OPEN CHANNELS NEW YORK INC

161A CHRYSTIE ST
NEW YORK,NY10002 		N/A PC Dixon Place Literary Program 2023/2024 6,000

OPENING ACT INC

PO BOX 25613
BROOKLYN,NY11202 		N/A PC Middle School After School Theater Program 6,000

PAGE SEVENTY THREE PRODUCTIONS INC

80 HANSON PL 6TH FLOOR
BROOKLYN,NY11217 		N/A PC Page 73 Presents the World Premiere of STARGAZERS written by Majkin Holmquist 6,000

PLAY PRODUCTION COMPANY INC

321 W 44TH ST STE 801
NEW YORK,NY10036 		N/A PC Munich Medea: Happy Family 7,000

PREGONES PUERTO RICAN TRAVELING THEATER INC

571 WALTON AVE 575
BRONX,NY10451 		N/A PC To support the remounting of "The Desire of the Astronaut" 7,500

PREMIERA INC

210 RIVERSIDE DR APT 8E
NEW YORK,NY10025 		N/A PC Inner Voices 2024 5,000

PRIMARY STAGES COMPANY INC

520 8TH AVE
NEW YORK,NY10018 		N/A PC PRIMARY STAGES 2023/24 TEEN INITIATIVES 6,000

RATTLESTICK PRODUCTIONS INC

224 WAVERLY PL
NEW YORK,NY10014 		N/A PC SPIRITUS/VIRGIL'S DANCE by Dael Orlandersmith 6,000

RED BULL THEATER INC

191 7TH AVE APT 2S
NEW YORK,NY10011 		N/A PC Red Bull Theater's 2023-24 Revelation Reading Series and Short New Play Festival 8,500

SOHO REPERTORY THEATRE INC

401 BROADWAY STE 300
NEW YORK,NY10013 		N/A PC Productions fund 6,500

STUTTERING ASSOCIATION FOR THE YOUNG INC

333 W 39TH ST STE 604
NEW YORK,NY10018 		N/A PC Confident Voices fund 8,500

SYMPHONY SPACE INC

2537 BROADWAY
NEW YORK,NY10025 		N/A PC Selected Shorts 9,000

THE CIVILIANS INC

138 SOUTH OXFORD ST 3C
BROOKLYN,NY11217 		N/A PC The Civilians' 2023-24 Cabaret Series 6,000

THE POETRY PROJECT LIMITED

131 E 10TH ST
NEW YORK,NY10003 		N/A PC Plural, Not Possessive: A Poets Theater Symposium 5,000

THE TANK LTD

312 WEST 36TH ST 1ST FL
NEW YORK,NY10018 		N/A PC Midnight Coleslaw 5,000

THEATER BREAKING THROUGH BARRIERS CORP

400 W 43RD ST APT 43R
NEW YORK,NY10036 		N/A PC Theater Breaking Through Barriers' Off-Broadway Production - Spring 2023 6,500

THEATER LABRADOR INC

222 BROADWAY 19TH FL
NEW YORK,NY10038 		N/A PC HILMA Fund 7,000

THEATRE FOR A NEW AUDIENCE INC

154 CHRISTOPHER ST STE 3D
NEW YORK,NY10014 		N/A PC Theatre for a New Audience's 2023-2024 Arts in Education Programs 8,000

THEATRE OF THE EMERGING AMERICAN MOMENT

138 S OXFORD ST STE 4C
BROOKLYN,NY11217 		N/A PC Petri Projects FY24 5,500

TOWN HALL FOUNDATION INC

123 W 43RD ST
NEW YORK,NY10036 		N/A PC Black Poets & Poetry - A Black History Month Celebration 5,000

TRANSPORT GROUP INC

520 8TH AVE RM 311
NEW YORK,NY10018 		N/A PC ON SET WITH THEDA BARA 6,000

URBAN WORD NYC INC

PO BOX 1813
NEW YORK,NY10113 		N/A PC Poetry & Spoken Word Workshops 8,000

VINEYARD THEATRE AND WORKSHOP CENTER INC

108 E 15TH ST
NEW YORK,NY10003 		N/A PC Scene Partners, by John Caswell Jr. 7,500

WATERWELL PRODUCTIONS INC

321 W 44TH ST STE 801
NEW YORK,NY10036 		N/A PC A Good Day Program 6,000

WORKING THEATRE CO INC

520 8TH AVENUE SUITE 303
NEW YORK,NY10018 		N/A PC TheaterWorks Adult Education Program 7,500
Total .................................right arrow 3a 418,000
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 ........... 		    14 398  
4 Dividends and interest from securities ....     14 243,677  
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 1,159,733  
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) ..   1,403,808  
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,403,808
(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

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

TY 2023 DepreciationSchedule
Name:
Axe-Houghton Foundation
EIN:
13-6200200
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 InvestmentsCorpStockSchedule
Name:
Axe-Houghton Foundation
EIN:
13-6200200
Name of Stock End of Year Book Value End of Year Fair Market Value
ABERDEEN STD PHYSICAL PRECIOUS 86,133 87,748
ABERDEEN STD PHYSICAL SWISS GL 107,141 171,981
BAIRD AGGREGATE BOND FUND CLAS 479,903 415,459
COLUMBIA DIVIDEND INCOME FD CL 288,081 386,366
COLUMBIA FUNDS GLOBAL DIV OPP 182,258 187,317
DFA US LARGE COMPANY PORTFOLIO 167,524 299,188
DIMENSIONAL ETF TRUST EMGR 71,672 70,474
DIMENSIONAL U S SMALL CAP ETF 81,466 86,169
DODGE & COX FUNDS INTERNATIONA 177,467 219,278
DOUBLELINE CORE FIXED INCOME I 411,871 340,892
DOUBLELINE LOW DURATION BOND F 239,922 229,986
HARBOR CAPITAL APPRECIATION FU 274,335 337,628
ISHARES GOLD TR 50,132 80,933
JANUS HENDERSON MORTGAGEBACKED 281,813 278,319
MARKET VECTORS ETF TR FALLEN A 57,384 56,015
MFS INTERNATIONAL DIVERSIFICAT 203,637 224,666
PIMCO FUNDS FOREIGN BOND FUND 96,012 88,734
SCH ST US TRSR ETF 268,264 269,662
SCHWAB US DIVIDEND EQUITY ETF 159,753 178,153
SPDR GOLD SHARES 49,898 78,942
T ROWE PRICE MID CAP VALUE 195,114 224,812
T. ROWE PRICE SMALL-CAP VALUE 88,228 104,485
TIAA-CREF INFLATION LINKED BON 257,196 257,042
VANGUARD GOVT BOND ETF INTERME 362,029 361,967
VANGUARD GROWTH ETF 255,444 349,275
VANGUARD INTL GROWTH FD ADMIRA 154,284 184,544
VANGUARD LT GOV BOND ETF 56,258 53,074
VANGUARD MID-CAP ETF 174,560 201,977
VANGUARD SHORT TERM CORPORATE 338,068 340,749
VANGUARD TOTAL INTERNATIONAL S 549,194 579,286
VANGUARD TOTAL STOCK MARKET ET 984,954 1,223,163
VANGUARD VALUE ETF 195,359 220,843

TY 2023 InvestmentsGovtObligationsSch
Name:
Axe-Houghton Foundation
EIN:
13-6200200
US Government Securities - End of Year Book Value:

405,339
US Government Securities - End of Year Fair Market Value:

405,923
State & Local Government Securities - End of Year Book Value:


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


 


TY 2023 OtherExpensesSchedule
Name:
Axe-Houghton Foundation
EIN:
13-6200200
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 45,601     45,601
Bank Charges 25 25    
State or Local Filing Fees 250     250


TY 2023 OtherProfessionalFeesSchedule
Name:
Axe-Houghton Foundation
EIN:
13-6200200
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Services 34,199 34,199    


TY 2023 TaxesSchedule
Name:
Axe-Houghton Foundation
EIN:
13-6200200
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF Estimated Tax for 2024 17,300      
990-PF Excise Tax for 2023 1,212