TY 2024 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2024

Open to Public Inspection

For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024

Name of foundation
Frank McHugh-O'Donovan Foundation Inc

% 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

20-0842449

B Telephone number (see instructions)

(800) 839-1754

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$87,466,114J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)	0
2	Check .............
3	Interest on savings and temporary cash investments	88,926		88,926
4	Dividends and interest from securities...	2,883,344		2,883,344
5a	Gross rents............	1,093,167		1,093,167
b	Net rental income or (loss) 230,679
6a	Net gain or (loss) from sale of assets not on line 10		800,613
b	Gross sales price for all assets on line 6a 5,297,752
7	Capital gain net income (from Part IV, line 2)...			800,613
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).......	List of Attached Documents: // Content	255,653	255,653
12	Total. Add lines 1 through 11........	5,121,703		5,121,703
13	Compensation of officers, directors, trustees, etc.	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	10,703	10,558	0	145
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	90,500	0	0	90,500
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	305,280	305,280
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	409,421	384,021
19	Depreciation (attach schedule) and depletion...	List of Attached Documents: // Content	203,858	203,858	0
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	889,042	727,008		162,034
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	1,908,804		1,630,725	0	252,679
25	Contributions, gifts, grants paid.......	1,950,000				1,950,000
26	Total expenses and disbursements. Add lines 24 and 25	3,858,804		1,630,725	0	2,202,679
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	1,262,899
b	Net investment income (if negative, enter -0-)			3,490,978
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2024)

Form 990-PF (2024)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	3,725,459	3,607,360	3,607,360
	3	Accounts receivable 1,904
		Less: allowance for doubtful accounts	1,647	1,904	1,904
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	888,754	List of Attached Documents: // Content 871,102	835,701
	b	Investments—corporate stock (attach schedule).......	27,296,638	List of Attached Documents: // Content 28,511,862	45,400,805
	c	Investments—corporate bonds (attach schedule).......	1,595,401	List of Attached Documents: // Content 1,607,385	1,478,705
	11	Investments—land, buildings, and equipment: basis 14,336,865
		Less: accumulated depreciation (attach schedule) 1,241,863	13,298,860	List of Attached Documents: // Content 13,095,002	23,745,000
	12	Investments—mortgage loans.............	3,354,925	3,354,925	3,354,925
	13	Investments—other (attach schedule)..........	8,392,851	List of Attached Documents: // Content 8,775,862	9,041,714
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	58,554,535	59,825,402	87,466,114
	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 )	List of Attached Documents: // Content 68,385	List of Attached Documents: // Content 76,353
	23	Total liabilities (add lines 17 through 22).........	68,385	76,353
		Foundations that follow FASB ASC 958, check here
		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
		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	58,486,150	59,749,049
	29	Total net assets or fund balances (see instructions).....	58,486,150	59,749,049
	30	Total liabilities and net assets/fund balances (see instructions).	58,554,535	59,825,402

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

58,486,150

Enter amount from Part I, line 27a .....................

1,262,899

Other increases not included in line 2 (itemize) right arrow

Add lines 1, 2, and 3 ..........................

59,749,049

Decreases not included in line 2 (itemize) right arrow

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

59,749,049

Form 990-PF (2024)

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	Passthrough K1 Capital Gain/(Loss)
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	5,297,752	4,581,137	716,615
b			83,998
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			716,615
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	800,613
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 ...................		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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	48,525
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	48,525
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	48,525
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	30,931
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	19,600
d	Backup withholding erroneously withheld ..........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	50,531
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. List of Attached Documents: // Content		8	320
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	1,686
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax1,686	Refunded	11

Form 990-PF (2024)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

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? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

The books are in care of right arrow

Foundation Source Telephone no. right arrow

(800) 839-1754

Located at right arrow

501 Silverside Road Suite 123WilmingtonDE ZIP+4 right arrow

198091377

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

16 At any time during calendar year 2024, 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 (2024)

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

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 2024? .............

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)):

At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2024?....................

If "Yes," list the years right arrow

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

If "Yes," did it have excess business holdings in 2024 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 2024.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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 2024? ..

Form 990-PF (2024)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

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? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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? .........................

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
Celina McHugh	Dir 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir 1.0	0	0	0
Patricia McHugh	Dir, CEO 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, CEO 1.0	0	0	0
Theresa M McHugh	Dir, Sec, VP 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Sec, VP 1.0	0	0	0

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...................

Form 990-PF (2024)

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
Wells Fargo	Investment Mgmt	147,333
PO Box 5268 SIOUX FALLS,SD571175268	Investment Mgmt	147,333
Foundation Source	Administrative	125,684
55 Walls Drive suite 302 Fairfield,CT06824	Administrative	125,684
Morgan Stanley	Investment Mgmt	125,613
15260 ventura blvd ste 1900 SHERMAN OAKS,CA91403	Investment Mgmt	125,613
Baker Tilly US LLP	accounting	90,500
PO Box 511563 Los Angeles,CA900518118	accounting	90,500

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 (2024)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

47,074,616

Average of monthly cash balances.......................

3,554,198

Fair market value of all other assets (see instructions)................

35,894,741

Total (add lines 1a, b, and c).........................

86,523,555

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

86,523,555

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

1,297,853

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

85,225,702

Minimum investment return. Enter 5% (0.05) of line 5................

4,261,285

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.)

Minimum investment return from Part IX, line 6..................

4,261,285

Tax on investment income for 2024 from Part V, line 5 .......

48,525

Income tax for 2024. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

48,525

Distributable amount before adjustments. Subtract line 2c from line 1............

4,212,760

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

4,212,760

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

4,212,760

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

2,202,679

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

2,202,679

Form 990-PF (2024)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2024
1 Distributable amount for 2024 from Part X, line 7			4,212,760
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......
b Total for prior years:20 , 20, 20
3 Excess distributions carryover, if any, to 2024:
a From 2019......
b From 2020......
c From 2021......
d From 2022......
e From 2023......	101,577
f Total of lines 3a through e ........		101,577
4Qualifying distributions for 2024 from Part
XI, line 4: $ 2,202,679
a Applied to 2023, 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 2024 distributable amount.....			2,202,679
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2024.		101,577	101,577
(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 2023. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2024. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2025 ..........			1,908,504
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 2019 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2025. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2020....
b Excess from 2021....
c Excess from 2022....
d Excess from 2023....
e Excess from 2024....

Form 990-PF (2024)

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 2024, enter the date of the ruling ...... right arrow

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

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) 2024	(b) 2023	(c) 2022	(d) 2021	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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 (2024)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ALEXANDRIA HOUSE 426 S ALEXANDRIA AVE LOS ANGELES,CA90020	N/A	PC	General Operating Support	50,000
ANTELOPE VALLEY CONSERVANCY PO BOX 8 LAKE HUGHES,CA93532	N/A	PC	Joshua Tree Woodland Preservation Fund	140,000
APOPO US INC 1901 PENNSYLVANIA AVE NW STE 900 PM WASHINGTON,DC20006	N/A	PC	Supporting APOPO's Game Changing Free Running HeroRAT	19,000
BALLONA WETLANDS LAND TRUST PO BOX 5623 PLAYA DEL REY,CA90296	N/A	PC	Continued Internship Program	6,000
BEST FRIENDS ANIMAL SOCIETY 5001 ANGEL CANYON RD KANAB,UT84741	N/A	PC	Best Friends National Advocacy Programs	10,000
COLETTES CHILDREN HOME INC 7372 PRINCE DR STE 106 HUNTINGTON BEACH,CA92647	N/A	PC	Homeless Shelter Program (HSP)	100,000
DIY GIRLS PO BOX 330662 PACOIMA,CA91333	N/A	PC	General Support	19,500
FARM SANCTUARY INC PO BOX 150 WATKINS GLEN,NY14891	N/A	PC	Bold Choice Fund (Humane Education)	10,000
FOCUSING PHILANTHROPY INC 1637 16TH ST SANTA MONICA,CA90404	N/A	PC	General & Unrestricted	323,000
FRIENDS OF BALLONA WETLANDS 211 CULVER BLVD STE N PLAYA DEL REY,CA90293	N/A	PC	General Support	10,000
FRIENDS OF THE LOS ANGELES RIVER 570 WEST AVE 26 LOS ANGELES,CA90065	N/A	PC	The FoLAR Resilience Lab at the Harvard-Westlake River Park Campus	200,000
HENRY E HUNTINGTON LIBRARY & ART GALLERY 1151 OXFORD RD SAN MARINO,CA91108	N/A	PC	Education Programs	3,000
HOMES FOR LIFE FOUNDATION 8939 S SEPULVEDA STE 460 LOS ANGELES,CA90045	N/A	PC	Medical Services Coordinator fund	30,000
LA COMPOST 221 W AVE 45 LOS ANGELES,CA90065	N/A	PC	Bringing the Magic Soil Bus to Los Angeles Public Schools	3,000
LAS FAMILIAS DEL PUEBLO 1400 S BROADWAY LOS ANGELES,CA90015	N/A	PC	General support	20,000
LOS ANGELES ARBORETUM FOUNDATION INC 301 N BALDWIN AVE ARCADIA,CA91007	N/A	PC	Arboretum Visitor Plaza Entrance Project	100,000
LOS ANGELES BOYS & GIRLS CLUB 2635 PASADENA AVE LOS ANGELES,CA90031	N/A	PC	PROJECT LEARN: EVERY CHILD COLLEGE READY WITH STEM	20,000
MARLEYS MUTTS DOG RESCUE 1121 W VALLEY BLVD STE I PMB 140 TEHACHAPI,CA93561	N/A	PC	Pawsitive Change Program	10,000
MESIVTA OF GREATER LOS ANGELES 25115 MUREAU RD HIDDEN HILLS,CA91302	N/A	PC	General Support	30,000
MUTTVILLE 255 ALABAMA ST SAN FRANCISCO,CA94103	N/A	PC	Humane Education Program	10,000
NATURE CONSERVANCY 830 S ST SACRAMENTO,CA95811	N/A	PC	Protecting the San Andreas Corridor	400,000
PROJECT POOCH PO BOX 305 LAKE OSWEGO,OR97034	N/A	PC	fund to Train, Certify, Mentor 8 youth for 3 months	10,000
SHOWING ANIMALS RESPECT AND KINDNESS INC PO BOX 28 GENEVA,IL60134	N/A	PC	Cameras and Drone equipment fund	10,000
ST MONICA ACADEMY INC 2361 DEL MAR RD MONTROSE,CA91020	N/A	PC	Purchase of Computers	7,500
STELLA ADLER THEATRE 6773 HOLLYWOOD BLVD 2ND FLOOR HOLLYWOOD,CA90028	N/A	PC	ACTion/Outreach Scholarship fund and General Support	160,000
STUDENTS FOR ECO EDUCATION AND AGRICULTURE INC 1575 SPINNAKER DR STE 205 VENTURA,CA93001	N/A	PC	Farm-to-Food Lab Education and Wellness Initiative and STEM Career Pathways in Agriculture Education Program	20,000
TASHBAR SEPHARDIC YESHIVA KETANA 1210 S LA CIENEGA BLVD LOS ANGELES,CA90035	N/A	PC	General Support	10,000
THE CHILDRENS LIFE-SAVING FOUNDATION 1112 MONTANA AVE SUITE 534 SANTA MONICA,CA90403	N/A	PC	General Operating Support & Program Support for Expanded Camp for All Summer Program for Underserved Youth	15,000
TREEPEOPLE INC 12601 MULHOLLAND DR BEVERLY HILLS,CA90210	N/A	PC	Environmental Education and School Greening	69,000
VALLEY VILLAGE 20830 SHERMAN WAY WINNETKA,CA91306	N/A	PC	Operating Support for Valley Village programs serving adults with developmental disabilities	20,000
VENTURA COUNTY FARM TO SCHOOL 4001 MISSION OAKS BLVD STE T CAMARILLO,CA93012	N/A	PC	General Support and Program Activities for 2024-2025 school year	100,000
YESHIVAT OHR CHANOCH INC 1540 S ROBERTSON BLVD LOS ANGELES,CA90035	N/A	PC	General Support	15,000
Total ................................. 3a				1,950,000

bApproved for future payment

Total ................................. 3b

Form 990-PF (2024)

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	(e) Related or exempt function income (See instructions.)
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	88,926
4 Dividends and interest from securities ....			14	2,883,344
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....			16	230,679
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	800,613
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aK-1 Inc/Loss			14	9,606
bCLASS ACTION LAWSUIT PROCEEDS			01	1,463
cINTEREST INCOME FROM MORTGAGE LOANS				211,037
dINCOME FROM NORTH HAVEN PARTNERS III				33,547
e
12 Subtotal. Add columns (b), (d), and (e) ..				4,259,215

13Total. Add line 12, columns (b), (d), and (e)..................

4,259,215

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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 (2024)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2024)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2024 AccountingFeesSchedule

Name:

Frank McHugh-O'Donovan Foundation Inc

EIN:

20-0842449

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Audit Fees	90,500			90,500

- TIN:

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

TY 2024 DepreciationSchedule

Name:

Frank McHugh-O'Donovan Foundation Inc

EIN:

20-0842449

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
AIR RIGHTS (845 W	2018-12-28	2,756,000	0	SL
BLDG IMP REPIPE IN	2019-07-19	143,530	23,051	SL	27	5,219	5,219
BLDG IMP REPIPE 68	2020-02-28	65,100	9,074	SL	27	2,367	2,367
KITCHEN 2023	2023-03-10	8,400	255	SL	27	305	305
ROOF 2023	2023-06-05	42,089	893	SL	27	1,531	1,531
SHOWER 2023 (10206	2023-06-06	5,950	126	SL	27	216	216
SHOWER 2023 (1139	2023-02-28	5,500	167	SL	27	200	200
BUILDING - 10 UNIT	2018-12-28	502,557	109,860	SL	27	21,972	21,972
BUILDING - 20 UNIT	2018-12-28	1,392,374	351,295	SL	27	70,259	70,259
BUILDING - 3 STORE	2018-12-28	90,992	20,785	SL	39	4,157	4,157
BUILDING - 7 STORE	2018-12-28	339,141	60,750	SL	39	12,150	12,150
BUILDING - 8 STORE	2018-12-28	1,255,000	202,530	SL	39	40,506	40,506
BUILDING - AUTO RE	2018-12-28	145,000	22,860	SL	39	4,572	4,572
BLDG IMP - 1/1/18	2018-12-28	78,522	14,790	SL	27	2,958	2,958
BLDG IMP - 2/2/04	2018-12-28	2,706	1,070	SL	27	214	214
BLDG IMP - 6/30/17	2018-12-28	19,963	3,845	SL	27	769	769
BLDG IMP - 9/29/12	2018-12-28	1,239	295	SL	27	59	59
BLDG IMP 12/1/12	2018-12-28	31,200	4,735	SL	39	947	947
CARPET (1381 S WAL	2018-12-28	827	365	SL	15	73	73
CHURCH	2018-12-28	121,000	19,070	SL	39	3,814	3,814
CONCRETE CEMENT AS	2018-12-28	8,000	1,390	SL	39	278	278
CONDOMINIUM	2018-12-28	192,000	51,170	SL	27	10,234	10,234
DECK	2018-12-28	1,256	390	SL	27	78	78
ELECTRICAL IMP	2018-12-28	1,733	275	SL	39	55	55
FENCE	2018-12-28	564	220	SL	27	44	44
RAILING	2018-12-28	804	310	SL	27	62	62
RETROFIT SITUATION	2018-12-28	20,348	6,280	SL	27	1,256	1,256
ROOF (1139 E 68TH)	2018-12-28	1,559	475	SL	27	95	95
ROOF - 1/30/12	2018-12-28	1,889	295	SL	39	59	59
ROOF - 1/31/10	2018-12-28	742	200	SL	27	40	40
ROOF - 1/31/13	2018-12-28	2,509	580	SL	27	116	116
ROOF - 3/31/13	2018-12-28	10,199	2,350	SL	27	470	470
ROOF - 4/30/21	2021-04-30	64,940	4,440	SL	39	1,665	1,665
ROOF - 4/30/22	2022-04-30	45,550	1,947	SL	39	1,168	1,168
ROOF - 9/8/18	2018-12-28	35,349	4,565	SL	39	913	913
ROOF - 10/30/09	2018-12-28	1,599	435	SL	27	87	87
ROOF - 11/17/04	2018-12-28	4,529	910	SL	39	182	182
SEC BARS - 10/3/11	2018-12-28	1,104	275	SL	27	55	55
SEC BARS -11/19/04	2018-12-28	369	135	SL	27	27	27
TILE FLOOR &SHOWER	2018-12-28	1,441	225	SL	39	45	45
TILE FLOOR-1/9/13	2018-12-28	1,389	320	SL	27	64	64
TILE FLOOR-1/14/13	2018-12-28	1,958	455	SL	27	91	91
TILE FLOOR-1/25/13	2018-12-28	1,292	300	SL	27	60	60
TILE FLOOR-2/21/13	2018-12-28	803	185	SL	27	37	37
TILE FLOOR-8/12/13	2018-12-28	2,458	555	SL	27	111	111
TILE FLOOR-8/28/13	2018-12-28	2,412	545	SL	27	109	109
TILE FLOOR-10/7/12	2018-12-28	2,129	500	SL	27	100	100
TILE FLOOR-12/8/12	2018-12-28	2,093	490	SL	27	98	98
WOODEN BEAMS	2018-12-28	4,001	1,190	SL	27	238	238
CARPET (10206-08 I	2018-12-28	449	200	SL	15	40	40
HVAC (1271-89 W JE	2018-12-28	27,990	3,590	SL	39	718	718
HVAC (1381 S WALNU	2018-12-28	2,443	535	SL	39	107	107
WATER HTR INGLEWOO	2019-02-10	7,135	6,957	SL	5	178	178
WATER HTR 1271-89	2019-05-29	2,950	1,930	SL	7	421	421
LAND (10206-08 ING	2018-12-28	541,000	0	L
LAND (1139 E 68TH)	2018-12-28	191,000	0	L
LAND (1271-89 W JE	2018-12-28	962,000	0	L
LAND (1381 S WALNU	2018-12-28	133,000	0	L
LAND (2552 E 57TH)	2018-12-28	144,708	0	L
LAND (310 W AVE)	2018-12-28	70,597	0	L
LAND (45132 SPEARM	2018-12-28	235,000	0	L
LAND (5001-13 S HO	2018-12-28	178,000	0	L
LAND (5269-73 S BR	2018-12-28	110,000	0	L
LAND (6080-84 S HO	2018-12-28	399,000	0	L
LAND (845 W OLYMPI	2018-12-28	2,514,297	0	L
LAND (916 W 9TH)	2018-12-28	1,260,667	0	L
LAND IMP-FENCE(526	2018-12-28	1,075	500	SL	15	100	100
LIGHTING & ELECTRI	2018-12-28	913	835	SL	15	78	78
PARKING LOT (845 W	2018-12-28	78,788	71,620	SL	15	7,168	7,168
PARKING LOT PAV 09	2018-12-28	23,236	11,335	SL	15	2,267	2,267
PARKING LOT PAV 10	2018-12-28	16,095	7,485	SL	15	1,497	1,497
PAVING (1271-89 W	2018-12-28	14,413	5,795	SL	15	1,159	1,159

- TIN:

TY 2024 GeneralExplanationAttachment

Name:

Frank McHugh-O'Donovan Foundation Inc

EIN:

20-0842449

Identifier	Return Reference	Explanation
Form 8865	Form 8865	The Foundation has prepared this form to the best of its ability based on the limited information provided to it by the investment on which the Foundation is reporting and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.

- TIN:

TY 2024 InvestmentsCorpBondsSchedule

Name:

Frank McHugh-O'Donovan Foundation Inc

EIN:

20-0842449

Name of Bond	End of Year Book Value	End of Year Fair Market Value
ABBVIE INC - 5.050% - 03/15/20	19,246	18,763
AMAZON INC - 2.100% - 05/12/20	20,179	17,935
AMGEN INC NOTE - 5.250% - 03/0	15,487	14,896
ANTHEM INC NOTE - 3.650% - 12/	21,216	19,472
AT&T, INC - 2.550% - 12/01/203	16,293	17,733
ATT INC - 3.800% - 02/15/2027	14,508	14,717
BANK AMER CORP MTN - 2.884% -	19,921	18,061
BARCLAYS BANK PLC - 0.000% - 0	800,000	712,879
BK OF AMERICA CORP SER N MTN -	13,719	13,726
BP CAP MARKETS - 3.119% - 05/0	24,860	24,554
CAPITAL ONE FINL CORP NOTE - 3	29,113	29,287
CITIGROUP INC NOTE - 3.668% -	21,486	19,373
COMCAST CORP - 3.300% - 02/01/	27,651	24,333
COMCAST CORP NOTE - 4.150% - 1	22,316	19,508
CVS CAREMARK CORP NOTE - 4.300	19,673	19,375
DIGITAL RLTY TR INC - 3.700% -	21,176	19,439
DISNEY WALT CO - 2.000% - 09/0	29,268	26,685
ENTERPRISE PRODUCTS OPERTATING	19,563	18,098
FHLMC SUPER 30Y FIXED - 3.500%	24,883	23,739
GOLDMAN SACHS - 3.800% - 03/15	20,689	17,831
GOLDMAN SACHS GROUP INC NOTE -	25,050	24,909
HOME DEPOT - 3.000% - 04/01/20	29,133	29,466
JP MORGAN CHASE BANK - 4.203%	27,991	24,335
JPMORGAN CHASE & CO NOTE - 4.9	17,213	17,594
JPMORGAN CHASE &CO NOTE - 2.95	25,882	24,356
MCDONALDS CORP - 3.700% - 01/3	27,295	24,809
MITSUBISHI UFJ FIN - 3.850% -	25,157	24,738
MORGAN STANLEY SER I MTN - 2.9	14,713	15,434
SHELL INT'L FINANCE - 2.875% -	21,184	19,553
SIMON PROPERTY GROUP LP SENIOR	26,521	24,311
STATE STR CORP - 3.550% - 08/1	25,821	24,850
T MOBILE USA INC NOTE CALL MAK	13,252	12,733
UNIFORM MBS POOL - 3.000% - 06	6,606	6,402
UNITED HEALTH GROUP INC - 5.15	18,729	17,756
UNITED STATES TREAS SER BONDS	26,767	26,370
VERIZON COMMUNICATIONS - 4.125	22,100	19,772
WELLS FARGO & CO SER U - 3.350	11,896	12,276
WELLS FARGO - 3.584% - 05/22/2	21,397	19,383
WESTPAC BANKING CORP - 3.400%	19,431	19,254

- TIN:

TY 2024 InvestmentsCorpStockSchedule

Name:

Frank McHugh-O'Donovan Foundation Inc

EIN:

20-0842449

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBEY CAPITAL FUTURES STRATEGY	250,000	239,556
ABBVIE INC	10,104	8,047
ACAP STRATEGIC FUND CLASS W	400,000	496,857
ACCENTURE PLC	16,700	20,155
AIR PRODS & CHEM INC	45,090	52,497
AIRBNB	17,272	21,026
ALPHABET INC CL A	138,059	649,110
ALPHABET INC CL C	139,188	856,980
AMER CENT SM CAP GRWTH CL Y	500,000	686,123
AMER INTERNATIONAL GROUP INC	6,765	27,446
AMERICAN TOWER REIT INC	46,208	57,407
AMGEN INC	94,612	260,640
APOLLO GLOBAL MANAGEMENT, INC	36,916	93,315
APPLE INC	220,728	1,404,856
APPLOVIN CORP	15,782	14,549
AQR DIVERSIFIED ARBITRAGE FUND	250,000	251,453
AQR MANAGED FUTURES STRATEGY F	250,000	232,337
ARES MANAGEMENT CORPORATION	16,882	20,358
ARTISAN INTERNATIONAL VALUE FU	999,999	1,094,230
ASTRAZENECA	51,770	50,450
AUTODESK, INC	43,453	61,774
AVALONBAY CMNTYS INC	54,672	70,830
BECTON DICKINSON & CO	119,193	118,426
BERKSHIRE HATHAWAY INC. CLASS	137,003	589,264
BLACKROCK INC	196,535	615,066
BLACKSTONE SEC LENDING	1,046,385	1,344,419
BLUEROCK TOTAL INCOME REAL EST	431,968	299,490
BNY MELLON ALCENTRA GLOBAL MUL	384,100	338,776
BROADCOM INC	55,526	228,826
BUILDERS FIRST SOURCE INC	10,820	9,700
CAPITAL ONE FINANCIAL CORP	45,580	82,740
CELANESE CORPORATION	168,248	207,630
CHARLES RIV LABORATORIES INTL	12,057	10,227
CHIPOTLE MEX GRILL	15,245	15,497
CINTAS CRP	10,300	14,915
CISCO SYSTEMS INC	153,950	414,400
CLEAN HARBORS, INC	8,234	8,438
CME GROUP, INC	145,459	522,518
COHEN & STEERS INSTITUTIONAL R	510,744	561,490
COMCAST CORP	263,421	257,606
CROWDSTRIKE HOLDINGS, INC	19,379	44,481
DB X TRACKERS MSCI EAFE HEDGED	873,192	1,159,324
DIAGEO PLC ADS	258,857	248,921
DOCUSIGN INC	25,736	17,268
DOLBY LABORATORIES	9,851	10,387
DOXIMITY ORD SHS CLASS A	9,138	14,522
DTE ENERGY CO COM	30,515	34,897
E.L.F. BEAUTY, INC.	18,663	13,434
EATON CORP PLC	158,157	829,675
ECOLAB INC	101,159	292,900
EDISON INTL	29,580	37,205
ENBRIDGE INC	104,793	118,295
EQT CORPORATION	30,775	39,931
ESC GCI LIBERTY INC SR (ESCROW
EXXON MOBIL CORP	96,834	117,466
FIRST TR LONG DURATION 0-ETF	135,899	132,334
FIRST TRUST CORE INVESTMENT GR	305,485	305,930
FIRST TRUST EMERGING MARKETS L	51,150	47,206
FIRST TRUST EXCHANGE TRADED FD	382,313	372,011
FIRST TRUST LIMITED DURATION I	185,535	186,228
FIRST TRUST LOW DURATION OPPOR	278,494	278,490
FIRST TRUST TCW OPP FIXED INC	321,995	314,068
FREEPORT-MCMORAN COPPER & GOLD	47,395	55,330
FT-PREFERRED SECUR & INC ETF	96,677	95,580
FTINTERMED DURIG CORP ETF	137,149	136,238
FULLER & THALER BEHAVIORAL SML	325,919	603,967
GENERAL MOTORS	17,075	24,771
GILEAD SCIENCES INC	26,793	31,498
GLOBAL X ARTIFICIAL INTELLIGEN	80,588	89,838
GOLDMAN SACHS GROUP	115,390	343,572
GOLDMAN SACHS US EQUITY DIV AN	473,000	514,469
GQG PARTNERS EMERGING MARKETS	572,000	701,657
GRAINGER W W INC	22,226	24,343
HALEON PLC	59,603	61,428
HARDING LOEVNER INTL EQUITY	1,020,999	1,049,368
HOME DEPOT INC	117,227	737,914
HUBSPOT INC	27,024	56,357
IDEXX CORP	13,389	10,913
INSULET CORPORATION	13,070	15,053
INTEL CORP	123,536	76,190
IONIS PHARMACEUTICALS INC	10,138	5,174
ISHARES TRUST RUSSELL 1000 GRO	562,308	1,827,190
ISHARES TRUST RUSSELL 1000 VAL	2,781,977	4,073,602
JH MGD ACCTSH INV GD CRPBD SMA	198,477	201,949
JH MGD ACCTSH SEC DBT SMA	99,641	103,704
JOHNSON & JOHNSON	143,579	221,992
JOHNSON CONTROLS INTERNATIONAL	14,302	28,178
JP MORGAN CHASE	334,935	1,158,998
JPM TRIGGER PLUS EW BASKET SPX	250,000	314,500
L3HARRIS TECHNOLOGIES	11,094	27,126
LAM RESEARCH CORP	110,825	397,265
LIBERTY MEDIA CORP - SER A	842	1,757
LIBERTY MEDIA CORP - SER C	10,667	13,992
LINDE PLC COM	39,445	88,758
LOCORR MANAGED FUTURES STRATEG	250,000	241,337
MCDONALD'S CORP	85,839	260,901
MERCK & CO INC	203,370	412,743
META PLATFORMS INC	39,896	51,179
METLIFE INC	53,582	77,295
MICROSOFT CORP	155,266	1,268,294
MONDELEZ INTERNATIONAL INC	141,696	203,082
MONGODB INC CL A	14,678	8,560
MORGAN STANLEY DIRECT LENDING	1,350,312	1,371,356
MS TRIGGER PLUS SX5E (SQFJM)	350,000	422,870
MSCI INC	15,459	16,410
NESTLE S.A	122,822	107,272
NIKE INC-CL B	105,220	151,340
NORTHROP GRUMMAN CORP	46,304	63,354
OLD DOMINION FREIGHT LINE	20,659	18,169
ORACLE CORP	28,773	74,155
PALANTIR TECHNOLOGIES INC	4,231	4,254
PAYLOCITY CORP	5,594	7,259
PINTEREST INC	26,630	22,823
PNC FINANCIAL GROUP INC	202,858	467,276
PPG INDUSTRIES INC	23,527	33,804
PRINCIPAL GL MULT STRAT-R6	248,079	263,436
PROCTER GAMBLE CO	188,813	377,045
PUBLIC STORAGE INC	32,768	36,532
RAYTHEON TECHNOLOGIES CORP	38,581	71,399
ROBINHOOD	6,139	5,775
SAP AKTIENGESELL ADS	23,097	57,613
SCHWAB FUNDAMENTAL EMERG MKTS	797,999	908,780
SEAGATE TECHNOLOGY HOLDINGS PL	2,883	7,865
SEMPRA ENERGY COM	102,777	132,457
SERVICE NOW	17,498	29,971
SHOPIFY INC	13,259	20,841
SNOWFLAKE INC	16,394	20,073
STARBUCKS CORP COM	15,269	14,053
STEPSTONE PRIVATE MARKETS CLAS	500,000	557,400
T-MOBILE US INC	70,952	107,054
TARGET CORPORATION	112,619	256,842
TE CONNECTIVITY LTD	39,982	50,468
TEXAS INSTRUMENTS INC	68,604	393,208
THE COCA-COLA CO	53,595	69,669
THERMO FISHER SCIENTIFIC INC	169,137	416,184
THORNBURG INTERNATIONAL GROWTH	786,857	867,045
TJX COMPANIES INC	172,901	721,961
TKO GROUP HOLDINGS, INC	12,872	19,327
TOUCHSTONE MID CAP FUND CL R6	536,067	746,199
TRACTOR SUPPLY CO COM	15,814	15,591
TRAVELERS COMPANIES INC	57,155	111,773
UBER	496,940	614,600
UNILEVER PLC AMER	47,154	45,870
UNION PACIFIC	194,915	487,550
UNIT MORGAN STANLEY AI ENABLER	120,528	135,628
UNITED PARCEL SERVICE	191,520	239,590
UNITEDHEALTH GROUP INC	104,497	495,237
VANGAURD HIGH-YIELD CORPORATE	111,307	104,350
VERTEX PHARMCTLS INC	33,139	62,419
VERTIV CL A	19,924	26,698
VISA INC	26,792	97,024
VULCAN MATERIALS CO	41,289	83,600
WALT DISNEY HOLDINGS CO	166,643	268,799
WASTE MANAGEMENT INC	13,665	52,264
WESTERN ASSET SMASH SERIES C F	133,917	122,066
WESTERN ASSET SMASH SERIES EC	446,149	351,465
WESTERN ASSET SMASH SERIES M F	198,662	163,700
WESTERN DIGITAL CORP	7,152	8,825
WILLIAMS COS	37,178	119,605
ZOETIS INC	169,906	342,153

- TIN:

TY 2024 InvestmentsGovtObligationsSch

Name:

Frank McHugh-O'Donovan Foundation Inc

EIN:

20-0842449

US Government Securities - End of Year Book Value:

871,102

US Government Securities - End of Year Fair Market Value:

835,701

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

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

- TIN:

TY 2024 InvestmentsLandSchedule2

Name:

Frank McHugh-O'Donovan Foundation Inc

EIN:

20-0842449

Category/ Item	Cost/Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
AIR RIGHTS (845 W	2,756,000	0	2,756,000	2,756,000
BLDG IMP REPIPE IN	143,530	28,270	115,260	115,260
BLDG IMP REPIPE 68	65,100	11,441	53,659	53,659
KITCHEN 2023	8,400	560	7,840	7,840
ROOF 2023	42,089	2,424	39,665	39,665
SHOWER 2023 (10206	5,950	342	5,608	5,608
SHOWER 2023 (1139	5,500	367	5,133	5,133
BUILDING - 10 UNIT	502,557	131,832	370,725	370,725
BUILDING - 20 UNIT	1,392,374	421,554	970,820	970,820
BUILDING - 3 STORE	90,992	24,942	66,050	66,050
BUILDING - 7 STORE	339,141	72,900	266,241	266,241
BUILDING - 8 STORE	1,255,000	243,036	1,011,964	1,011,964
BUILDING - AUTO RE	145,000	27,432	117,568	117,568
BLDG IMP - 1/1/18	78,522	17,748	60,774	60,774
BLDG IMP - 2/2/04	2,706	1,284	1,422	1,422
BLDG IMP - 6/30/17	19,963	4,614	15,349	15,349
BLDG IMP - 9/29/12	1,239	354	885	885
BLDG IMP 12/1/12	31,200	5,682	25,518	25,518
CARPET (1381 S WAL	827	438	389	389
CHURCH	121,000	22,884	98,116	98,116
CONCRETE CEMENT AS	8,000	1,668	6,332	6,332
CONDOMINIUM	192,000	61,404	130,596	130,596
DECK	1,256	468	788	788
ELECTRICAL IMP	1,733	330	1,403	1,403
FENCE	564	264	300	300
RAILING	804	372	432	432
RETROFIT SITUATION	20,348	7,536	12,812	12,812
ROOF (1139 E 68TH)	1,559	570	989	989
ROOF - 1/30/12	1,889	354	1,535	1,535
ROOF - 1/31/10	742	240	502	502
ROOF - 1/31/13	2,509	696	1,813	1,813
ROOF - 3/31/13	10,199	2,820	7,379	7,379
ROOF - 4/30/21	64,940	6,105	58,835	58,835
ROOF - 4/30/22	45,550	3,115	42,435	42,435
ROOF - 9/8/18	35,349	5,478	29,871	29,871
ROOF - 10/30/09	1,599	522	1,077	1,077
ROOF - 11/17/04	4,529	1,092	3,437	3,437
SEC BARS - 10/3/11	1,104	330	774	774
SEC BARS -11/19/04	369	162	207	207
TILE FLOOR &SHOWER	1,441	270	1,171	1,171
TILE FLOOR-1/9/13	1,389	384	1,005	1,005
TILE FLOOR-1/14/13	1,958	546	1,412	1,412
TILE FLOOR-1/25/13	1,292	360	932	932
TILE FLOOR-2/21/13	803	222	581	581
TILE FLOOR-8/12/13	2,458	666	1,792	1,792
TILE FLOOR-8/28/13	2,412	654	1,758	1,758
TILE FLOOR-10/7/12	2,129	600	1,529	1,529
TILE FLOOR-12/8/12	2,093	588	1,505	1,505
WOODEN BEAMS	4,001	1,428	2,573	2,573
CARPET (10206-08 I	449	240	209	209
HVAC (1271-89 W JE	27,990	4,308	23,682	23,682
HVAC (1381 S WALNU	2,443	642	1,801	1,801
WATER HTR INGLEWOO	7,135	7,135		0
WATER HTR 1271-89	2,950	2,351	599	599
LAND (10206-08 ING	541,000	0	541,000	2,553,314
LAND (1139 E 68TH)	191,000	0	191,000	484,177
LAND (1271-89 W JE	962,000	0	962,000	2,077,658
LAND (1381 S WALNU	133,000	0	133,000	492,214
LAND (2552 E 57TH)	144,708	0	144,708	365,000
LAND (310 W AVE)	70,597	0	70,597	90,000
LAND (45132 SPEARM	235,000	0	235,000	75,000
LAND (5001-13 S HO	178,000	0	178,000	1,152,616
LAND (5269-73 S BR	110,000	0	110,000	746,554
LAND (6080-84 S HO	399,000	0	399,000	1,025,481
LAND (845 W OLYMPI	2,514,297	0	2,514,297	4,544,000
LAND (916 W 9TH)	1,260,667	0	1,260,667	3,783,253
LAND IMP-FENCE(526	1,075	600	475	475
LIGHTING & ELECTRI	913	913		0
PARKING LOT (845 W	78,788	78,788		0
PARKING LOT PAV 09	23,236	13,602	9,634	9,634
PARKING LOT PAV 10	16,095	8,982	7,113	7,113
PAVING (1271-89 W	14,413	6,954	7,459	7,459

- TIN:

TY 2024 InvestmentsOtherSchedule2

Name:

Frank McHugh-O'Donovan Foundation Inc

EIN:

20-0842449

Category/ Item	Book Value	End of Year Fair Market Value
BLACKSTONE REAL ESTATE INC TR	1,756,108	2,127,522
GRAHAM ABSOLUTE RETURN ASP FUN	355,065	399,618
HARBOURVEST ACCESS DOVER STREE	114,003	148,548
HINES GLOBAL INCOME TRUST	570,178	521,133
ICAPITAL STEPSTONE TACTICAL GR	301,219	373,307
IRONWOOD MULTI STRATEGY FUND L	560,504	578,269
KKR INFRASTRUCTURE CONGLOMERAT	214,482	227,654
MS DIRECT LENDING FND	1,521,043	678,714
NH PIF CLASS S	594,274	594,643
NORTH HAVEN CREDIT PARTNERS II	358,049	436,407
NUVEEN GLOBAL CITIES REIT	564,779	518,094
ORBIMED ASIA PTNS IV ASP FD	240,249	341,740
PARTNERS GROUP PRIVATE EQUITY	1,073,424	1,485,206
POMONA INVESTMENT FUND	552,485	610,859

- TIN:

TY 2024 LegalFeesSchedule

Name:

Frank McHugh-O'Donovan Foundation Inc

EIN:

20-0842449

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
General Consultations	10,703	10,558		145

- TIN:

TY 2024 OtherExpensesSchedule

Name:

Frank McHugh-O'Donovan Foundation Inc

EIN:

20-0842449

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Administrative Fees	125,684		125,684
Bank Charges	3,477	3,477
Indemnification Insurance	30,967		30,967
Insurance Premiums	4,233		4,233
K-1 Exp GRAHAM ABSOLUTE RETURN	1,508	1,508
K-1 Exp HARBOURVEST ACCESS DOV	1,499	1,499
K-1 Exp ICAPITAL STEPSTONE TAC	1,313	1,313
K-1 Exp KKR INFRASTRUCTURE CON	2,911	2,911
K-1 Exp ORBIMED ASIA PTNS IV A	8,380	8,380
Property insurance	62,029	62,029
Registered Agent Fee	710		710
State or Local Filing Fees	440		440
PROPERTY MAINTENANCE	185,602	185,602
COURT ORDERED DAMAGES	460,289	460,289

- TIN:

TY 2024 OtherIncomeSchedule2

Name:

Frank McHugh-O'Donovan Foundation Inc

EIN:

20-0842449

Description	Revenue And Expenses Per Books	Net Investment Income
K-1 Inc/Loss GRAHAM ABSOLUTE RETURN ASP FUND	1,949	1,949
K-1 Inc/Loss HARBOURVEST ACCESS DOVER STREET XI L	64	64
K-1 Inc/Loss ICAPITAL STEPSTONE TACTICAL GROWTH I	170	170
K-1 Inc/Loss KKR INFRASTRUCTURE CONGLOMERATE LLC	7,253	7,253
K-1 Inc/Loss ORBIMED ASIA PTNS IV ASP FD	170	170
Class Action Lawsuit Proceeds	1,463	1,463
Interest Income from Mortgage Loans	211,037	211,037
income from north haven partners iii	33,547	33,547

- TIN:

TY 2024 OtherLiabilitiesSchedule

Name:

Frank McHugh-O'Donovan Foundation Inc

EIN:

20-0842449

Description	Beginning of Year - Book Value	End of Year - Book Value
SECURITY DEPOSIT		76,353

- TIN:

TY 2024 OtherProfessionalFeesSchedule

Name:

Frank McHugh-O'Donovan Foundation Inc

EIN:

20-0842449

Category	Amount	Net Investment Income
Investment Management Services	276,047	276,047
ADMINISTRATIVE SERVICES	1,233	1,233
APPRAISAL SERVICES	28,000	28,000

- TIN:

TY 2024 TaxesSchedule

Name:

Frank McHugh-O'Donovan Foundation Inc

EIN:

20-0842449

Category	Amount	Net Investment Income
990-PF Estimated Tax for 2024	24,800
990-PF Extension for 2023	600
Foreign Tax Paid	4,098	4,098
PROPERTY TAXES	379,923	379,923