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 GIBBONS FOUNDATION
 
% LILE R GIBBONS
Number and street (or P.O. box number if mail is not delivered to street address)27 SUNSET ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
OLD GREENWICH, CT06870
A Employer identification number

06-1188483
B Telephone number (see instructions)

(212) 490-3113
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$2,268,918J 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) 85,238
2 Check right arrow.............
3 Interest on savings and temporary cash investments 2,092 2,092  
4 Dividends and interest from securities... 39,266 39,266  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,436
b Gross sales price for all assets on line 6a 139,029
7 Capital gain net income (from Part IV, line 2)... 77,829
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........ 130,032 119,187  
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)......... Click to see attachment
List of Attached Documents:
// Content
150 150 0 0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
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).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 150 150 0 0
25 Contributions, gifts, grants paid....... 96,660 96,660
26 Total expenses and disbursements. Add lines 24 and 25 96,810 150 0 96,660
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 33,222
b Net investment income (if negative, enter -0-) 119,037
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......... 69,481 153,110 153,110
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) 50,354    
b Investments—corporate stock (attach schedule)....... 794,667 Click to see attachment
List of Attached Documents:
// Content
809,839 		2,094,681
c Investments—corporate bonds (attach schedule)....... 40,206 Click to see attachment
List of Attached Documents:
// Content
24,981 		21,127
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) 954,708 987,930 2,268,918
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...........   987,930
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 954,708 987,930
30 Total liabilities and net assets/fund balances (see instructions). 954,708 987,930
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
954,708
2
Enter amount from Part I, line 27a .....................
2
33,222
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
987,930
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
987,930
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 D    
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 138,975   135,592 77,829
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       3,383
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 77,829
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 1,655
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 1,655
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 1,655
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 1,958
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 1,958
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 303
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow303 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 arrowCT
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 arrowN/A
14
The books are in care ofright arrowLILE R GIBBONS Telephone no.right arrow (203) 637-0059

Located atright arrow27 SUNSET ROADOLD GREENWICHCT ZIP+4right arrow06870
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
 
No
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
 
 
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
 
 
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
LILE R GIBBONS PRESIDENT
0 		0 0 0
27 SUNSET ROAD
OLD GREENWICH,CT06870
JOHN A GIBBONS JR VICE PRES/TREAS/SECTY
0 		0 0 0
27 SUNSET ROAD
OLD GREENWICH,CT06870
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
1,989,885
b
Average of monthly cash balances.......................
1b
145,466
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
2,135,351
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
2,135,351
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
32,030
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
2,103,321
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
105,166
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
105,166
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
1,655
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
1,655
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
103,511
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
103,511
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
103,511
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
96,660
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
96,660
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 7 103,511
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 1,224
b Total for prior years:2021, 2020, 2019 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 96,660
a Applied to 2022, but not more than line 2a 1,224
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..... 95,436
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 .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		8,075
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).)
LILE R GIBBONS
JOHN A GIBBONS JR
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.
NONE
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

THE HOSPITAL FOR SPECIAL SURGERY FUNC INC

535 EAST 70TH STREET
NEW YORK,NY10021 		NONE PC TO HELP ORG. IN ITS EXEMPT FUNCTION 3,000

BOWDOIN COLLEGE

4100 COLLEGE STATION
BRUNSWICK,ME04011 		NONE PC ANNUAL -TO HELP ORG IN ITS EXEMPT FUNCTION 10,000

COLBY SAWYER COLLEGE

541 MAIN STREET
NEW HAMPSHIRE,NH03527 		NONE PC ANNUAL FUND 7,500

DEERFIELD ACADEMY

7 Boyden Ln
DEERFIELD,MA01342 		NONE PC TO FUND SCHOLARSHIPS 2,000

BIGELOW TEA FOUNDATION

201 BLACKROCK TRPK
FAIRFIELD,CT06825 		NONE PC TO HELP ORG. IN ITS EXEMPT FUNCTION 500

BRUCE MUSEUM

ONE MUSUEM DRIVE
GREENWICH,DC06830 		None PC To help organization in its exempt function 3,000

BREAST CANCER ALLIANCE

48 MAPLE STREET
GREENWICH,CT06830 		NONE PC TO HELP ORG. IN ITS EXEMPT FUNCTION 9,500

FAMILY CENTERS

40 ARCH STREET
GREENWICH,CT06830 		NONE PC TO HELP ORGANIZATION IN ITS EXEMPT FUNCTION 2,000

COMMUNITY SHARING PROJECT

PO BOX 263
DORSET,VT05251 		NONE PC TO HELP ORG. IN ITS EXEMPT FUNCTION 1,000

GREENWICH LAND TRUST

370 ROUND HILL ROAD
GREENWICH,CT06831 		NONE PC TO HELP ORGANIZATION IN ITS EXEMPT FUNCTION 1,000

HARLEM CHILDREN'S ZONE

1916 PARK AVENUE
SUITE 212
NEW YORK,NY10037 		NONE   TO HELP ORG. ON ITS EXEMPT FUNCTION 500

GEMS

111 E PUTNAM AVENUE
RIVERSIDE,CT06878 		NONE PC TO HELP ORG. IN ITS EXEMPT FUNCTION 2,000

HARPSWELL AGING AT HOME

PO BOX 25
HARPSWELL,ME04079 		NONE PC TO HELP ORG. IN ITS EXEMPT FUNCTION 1,000

GREENWICH DEPARTMENT OF HUMAN SERVICES FUND INC

101 FIELD POINT ROAD
GREENWICH,CT06830 		NONE PC TO HELP ORGANIZATION IN ITS EXEMPT FUNCTION 3,000

GREENWICH COUNTY DAY SCHOOL

40 OLD CHURCH TOAD
GREENWICH,CT06830 		NONE PC TO HELP ORG. IN ITS EXEMPT FUNCTION 5,000

THE JACKSON LABORATORY

10 DISCOVERY DRIVE
FARMINGTON,CT06032 		NONE PC TO HELP ORG. IN ITS EXEMPT FUNCTION 5,000

FILLING IN THE BLANKS

346 MAINE STREET SUITE A
NORWALK,CT06851 		NONE PC TO HELP ORG. IN ITS EXEMPT FUNCTION 2,000

GOLDEN LIGHTS FOUNDATION

101 MELROSE AVE
SUITE 101
GREENWICH,CT06830 		NONE PC TO HELP ORG. IN ITS EXEMPT FUNCTION 2,500

GREENWICH ALLIANCE FOR EDUCATION

48 MAPLE STREET
GREENWICH,CT06830 		NONE PC TO HELP ORG. IN ITS EXEMPT FUNCTION 2,000

HARPSWELL HERITAGE LAND TRUST

BOX 359
HARPSWELL,ME04079 		NONE PC TO HELP ORG. IN ITS EXEMPT FUNCTION 500

PATHWAYS

355 E ERIE ST
CHICAGO,IL60611 		NONE PC TO HELP ORG. IN ITS EXPEMPT FUNCTION 1,000

KIDS IN CRISIS

ONE SALEM STREET
COS COB,CT06807 		NONE PC TO HELP ORG. IN ITS EXPEMPT FUNCTION 4,500

MAPLE STREET SCHOOL

322 MAPLE STREET
MANCHESTER CENTER,VT05255 		NONE PC TO HELP ORG. IN ITS EXEMPT FUNCTION 2,500

NEW LEBANON PTA

25 MEAD AVENUE
GREENWICH,CT06830 		NONE PC TO HELP ORG. IN ITS EXEMPT FUNCTION 3,900

NEIGHBOR TO NEIGHBOR

248 E PUTNAM AVENUE
GREENWICH,CT06830 		NONE PC TO HELP ORG. IN ITS EXEMPT FUNCTION 1,500

HAMILTON AVE PTA

184 HAMILTON AVE
GREENWICH,CT06870 		NONE PC TO HELP ORG. IN ITS EXEMPT FUNCTION 1,000

HORIZON'S AT BRUNSWICK

100 MAHER AVENUE
GREENWICH,CT06830 		NONE PC TO HELP ORGANIZATION IN ITS EXEMPT FUNCTION. 1,000

GREENWICH GREEN AND CLEAN

113 PEMBERWICK ROAD
GREENWICH,CT06831 		NONE PC ANNUAL FUND 500

JULIAN CURTIS PTA

180 E ELM STREET
GREENWICH,CT06870 		NONE PC TO HELP ORG. IN ITS EXEMPT FUNCTION 2,260

LIBERATION PROGRAM

339 WEST AVENUE
BRIDGEPORT,CT06604 		NONE PC TO HELP ORG. IN ITS EXEMPT FUNCTION 1,000

MAINE COMMUNITY FOUNDATION

245MAINE STREET
ELLSWORTH,ME04605 		NONE PC TO HELP ORG. IN ITS EXEMPT FUNCTION 2,000

MANCHESTER COMMUNITY LIBRARY

138 CEMETARY AVENUE
MANCHESTER,VT05255 		NONE PC TO HELP ORG. IN ITS EXEMPT FUNCTION 1,500

PPNNE SUPPORT DEPARTMENT

784 HERCULES DRIVE SUITE 11
COLCHESTER,VT05446 		NONE PC TO HELP ORG. IN ITS EXEMPT FUNCTION 2,000

REACH PREP

ONE DOCK STREET SUITE 1--
7TH FLOOR
STAMFORD,CT06902 		NONE PC TO HELP ORG. IN ITS EXEMPT FUNCTION 1,000

RESEARCH FD FOR MENTAL HEALTH

1051 RIVERSIDE DRIVE UNIT 69
NEW YORK,NY10032 		NONE PC TO HELP ORG. IN ITS EXEMPT FUNCTION 2,000

SMITH COLLEGE

33 ELM STREET STODDARD ANNEX
NORTHAMPTON,MA01060 		NONE PC TO HELP ORG. IN ITS EXEMPT FUNCTION 5,000

WATERSIDE SCHOOL

770 PACIFIC STREET
STAMFORD,CT06902 		NONE PC TO HELP ORG.IN ITS EXEMPT FUNCTION 1,000
Total .................................right arrow 3a 96,660
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 2,092  
4 Dividends and interest from securities ....     14 39,266  
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 3,436  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER REVENUE 		         
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   44,794  
13Total. Add line 12, columns (b), (d), and (e)..................
13
44,794
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
THE GIBBONS FOUNDATION
EIN:
06-1188483
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES        

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

TY 2023 DepreciationSchedule
Name:
THE GIBBONS FOUNDATION
EIN:
06-1188483
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 GIBBONS FOUNDATION
EIN:
06-1188483
Name of Bond End of Year Book Value End of Year Fair Market Value
12 DANAHER CORP 5% 4.15/23    
25000 PHILLIPS 66 2.15% 12/30 24,981 21,127

TY 2023 InvestmentsCorpStockSchedule
Name:
THE GIBBONS FOUNDATION
EIN:
06-1188483
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABS - 1000 SH 36,714 110,070
ABBVIE - 1220 SHS 64,689 189,063
ADOBE - 200 SH 18,560 119,320
ESSENTIAL UTILITIES - 625 SH 11,155 23,344
ARTESIAN RES. CORP - 900 SH 12,800 37,305
BECTON DICKENSON - 289 SHS 71,234 70,467
BAXTER - 476 SH 4,929 18,402
BOEING - 200 SH 8,900 52,132
BURNHAM - CLASS-A - 800 SH 14,885 9,400
CHARTER COMM - 24 SH 10,760 9,328
COLGATE PALMOLIVE - 160 SH 1,265 12,754
CVS HEALTH - 68 SH 784 5,369
RIGHTS DIVIDEND & INC - 125 SH 7,500 1,521
EDWARD LIFESCIENCES - 564 SHS 412 43,005
GILEAD SCIENCES - 800 SH 65,188 64,808
HF SINGULAR 500SH 19,058 27,785
EMBECTA 57 SH 1,617 1,079
MCGRATH RENTCORP - 2200 SH 23,133 263,164
MERCK - 800 SH 40,559 87,216
MIDDLESEX WATER - 700 SH 10,647 45,934
OCCIDENTAL PETROLEUM - 400 SH 5,523 23,884
PFIZER - 999 SH 23,626 28,761
PNC - 28 SH 6,780 4,336
PROCTER & GAMBLE - 100 SH 6,127 14,654
A.O. SMITH - 4284 SH 6,712 353,173
TRACTOR SUPPLY - 200 SH 13,660 43,006
TRINITY BIOTECH - 1000 SH 23,150 429
AMGEN INC. 300 SHS 55,366 86,406
CISCO SYSTMEMS 1000 SHS 55,353 50,520
CROCS INC. 1000 SHS 26,570 93,410
MICROSOFT CORP 400 SHS 74,105 150,416
OCCIDENTAL PETE CORP. 50 247 1,947
VORNADO REALTY TRUST 800SHS 30,521 22,600
VIATRIS INC 123 SHS 1,303 1,332
ORGANON & CO 80 SHS 2,030 1,154
BIOVENTUS INC CLA A 2525 SHS 38,805 13,307
DANAHER CORP 60 SHS 13,403 13,880
VERALTO CORP 20 SHS 1,769  

TY 2023 InvestmentsGovtObligationsSch
Name:
THE GIBBONS FOUNDATION
EIN:
06-1188483
US Government Securities - End of Year Book Value:

 
US Government Securities - End of Year Fair Market Value:

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


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


 


TY 2023 LegalFeesSchedule
Name:
THE GIBBONS FOUNDATION
EIN:
06-1188483
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 150 150    


TY 2023 OtherIncomeSchedule2
Name:
THE GIBBONS FOUNDATION
EIN:
06-1188483
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME      


TY 2023 TaxesSchedule
Name:
THE GIBBONS FOUNDATION
EIN:
06-1188483
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES WITHHELD        
FEDERAL TAXES 2019        
ESTIMATE PAYMENTS 2020