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
R DALE & FRANCES M HUGHES FDN 47F100011

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 3215
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
LANCASTER, PA176043215

A Employer identification number

23-7914215

B Telephone number (see instructions)

(717) 255-7652

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

$58,465,240J 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)	339,453
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	1,425,847		1,425,334
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		5,676,387
b	Gross sales price for all assets on line 6a 24,421,627
7	Capital gain net income (from Part IV, line 2)...			5,676,387
8	Net short-term capital gain.........				0
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	374	374
12	Total. Add lines 1 through 11........	7,442,061		7,102,095
13	Compensation of officers, directors, trustees, etc.	305,559		305,559
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	59,217	59,217		0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	5,349	2,849		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	130
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	370,255		367,625	0	0
25	Contributions, gifts, grants paid.......	2,300,000				2,300,000
26	Total expenses and disbursements. Add lines 24 and 25	2,670,255		367,625	0	2,300,000
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	4,771,806
b	Net investment income (if negative, enter -0-)			6,734,470
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.........	248,229	1,213,879	1,213,879
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	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 0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	5,463,210	List of Attached Documents: // Content 5,463,210	5,171,460
	b	Investments—corporate stock (attach schedule).......	12,168,301	List of Attached Documents: // Content 18,816,168	34,034,143
	c	Investments—corporate bonds (attach schedule).......	7,871,301	List of Attached Documents: // Content 8,562,740	8,065,927
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	10,415,680	List of Attached Documents: // Content 10,791,288	9,979,831
	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)	36,166,721	44,847,285	58,465,240
	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 )
	23	Total liabilities (add lines 17 through 22).........		0
		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........	36,166,721	44,847,285
	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).....	36,166,721	44,847,285
	30	Total liabilities and net assets/fund balances (see instructions).	36,166,721	44,847,285

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

36,166,721

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

4,771,806

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

List of Attached Documents:

// Content

3,908,758

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

44,847,285

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 .

44,847,285

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	12000. AT&T INC 2.250% 02/01/32		2020-07-27	2024-06-06
b	11000. AT&T INC 1.700% 03/25/26		2021-03-19	2024-06-06
c	1115. ABBVIE INC		2019-12-12	2024-06-06
d	22000. ABBVIE INC 5.050% 03/15/34		2024-02-22	2024-05-14
e	2000. ABBVIE INC 5.050% 03/15/34		2024-02-22	2024-06-06
	22000. ABBVIE INC 5.050% 03/15/34		2024-02-22	2024-09-20
	44000. ABBVIE INC 5.050% 03/15/34		2024-02-22	2024-09-23
	3500. ALPHABET INC CLASS A		2015-12-16	2024-06-06
	1670. ALTRIA GROUP INC		2011-03-21	2024-06-06
	2500. AMAZON.COM INC		2017-06-07	2024-06-06
	1000. AMERICAN EXPRESS CO		2019-12-12	2024-06-06
	540. AMGEN INC		2017-06-07	2024-06-06
	5000. AMGEN INC 2.450% 02/21/30		2020-02-18	2024-06-06
	4000. APPLE INC		2010-09-24	2024-06-06
	5. APTARGROUP INC		2022-06-28	2024-06-06
	644. ARES MGMT CORP		2023-08-01	2024-06-06
	120. ARGENX SE ADR SPON		2019-12-11	2024-03-19
	624. ARISTA NETWORKS INC		2020-11-03	2024-06-06
	1144. ARROWHEAD PHARMACEUTICALS INC		2018-10-15	2024-06-06
	349. ASHLAND INC		2023-08-01	2024-06-06
	14000. ASTRAZENECA PLC 1.375% 08/06/30		2020-08-03	2024-01-10
	13000. ASTRAZENECA PLC 1.375% 08/06/30		2020-08-03	2024-06-06
	32000. ASTRAZENECA PLC 1.375% 08/06/30		2020-08-03	2024-08-27
	16000. ASTRAZENECA FIN LLC 4.850% 02/26/29		2024-02-21	2024-06-06
	36000. BP CAPITAL MKTS PLC 3.279% 09/19/27		2017-09-14	2024-05-03
	21000. BP CAPITAL MKTS PLC 3.279% 09/19/27		2017-09-14	2024-06-06
	47000. BP CAPITAL MKTS PLC 3.279% 09/19/27		2017-09-14	2024-10-08
	23000. BP CAPITAL MKTS PLC 3.279% 09/19/27		2017-09-14	2024-10-08
	26000. BP CAPITAL MKTS PLC 3.279% 09/19/27		2017-09-14	2024-10-08
	33000. BP CAPITAL MKTS PLC 3.279% 09/19/27		2017-09-14	2024-10-09
	33000. BP CAPITAL MKTS PLC 3.279% 09/19/27		2017-09-14	2024-10-09
	26000. BP CAPITAL MKTS PLC 3.279% 09/19/27		2017-09-14	2024-10-10
	34000. BP CAPITAL MKTS PLC 3.279% 09/19/27		2017-09-14	2024-10-11
	33000. BP CAPITAL MKTS PLC 3.279% 09/19/27		2017-09-14	2024-10-15
	32000. BP CAPITAL MKTS PLC 3.279% 09/19/27		2017-09-14	2024-11-13
	33000. BP CAPITAL MKTS PLC 3.279% 09/19/27		2017-09-14	2024-12-02
	35000. BP CAPITAL MKTS PLC 3.279% 09/19/27		2023-05-02	2024-12-03
	5000. BP CAPITAL MKTS PLC 3.279% 09/19/27		2024-02-13	2024-12-04
	25000. BP CAPITAL MKTS PLC 3.279% 09/19/27		2024-11-19	2024-12-04
	13000. BP CAPITAL MKTS PLC 3.279% 09/19/27		2023-08-01	2024-12-04
	11000. BANK OF AMERICA CORP 1.197% 10/24/26		2020-10-16	2024-06-06
	11000. BANK OF AMERICA CORP 1.658% 03/11/27		2021-03-08	2024-06-06
	600. BERKSHIRE HATHAWAY INC CLASS B		2015-12-16	2024-06-06
	440. BIO-TECHNE CORP		2023-08-01	2024-06-06
	7000. BLACKROCK INC 1.900% 01/28/31		2020-06-05	2024-06-06
	21000. BLACKROCK FNDG INC 5.000% 03/14/34		2024-03-05	2024-05-14
	4000. BLACKROCK FNDG INC 5.000% 03/14/34		2024-03-05	2024-06-06
	110000. BLACKROCK FNDG INC 5.000% 03/14/34		2024-03-05	2024-10-17
	100000. BLACKROCK FNDG INC 4.900% 01/08/35		2024-07-17	2024-10-16
	140. BOOZALLEN HAMILTON HOLDING CORP		2022-06-28	2024-06-06
	5000. BP CAP MKTS AMER INC 3.588% 04/14/27		2018-12-17	2024-06-06
	45000. BP CAP MKTS AMER INC 3.588% 04/14/27		2018-12-17	2024-06-10
	32000. BP CAP MKTS AMER INC 3.588% 04/14/27		2018-12-17	2024-12-03
	83000. BRISTOL MYERS SQUIBB 4.900% 02/22/27		2024-02-14	2024-03-14
	23000. BRISTOL MYERS SQUIBB 4.900% 02/22/29		2024-02-14	2024-03-19
	112000. BRISTOL MYERS SQUIBB 4.900% 02/22/29		2024-02-14	2024-03-21
	9000. CVS HEALTH CORP 5.400% 06/01/29		2024-05-07	2024-06-06
	189. COTERRA ENERGY INC		2022-06-28	2024-06-06
	698. CARDINAL HEALTH INC		2023-08-01	2024-03-19
	3500. CISCO SYSTEMS INC		2017-06-07	2024-06-06
	34000. CISCO SYSTEMS INC 4.850% 02/26/29		2024-02-21	2024-05-03
	9000. CISCO SYSTEMS INC 4.850% 02/26/29		2024-02-21	2024-06-06
	29000. CISCO SYSTEMS INC 4.850% 02/26/29		2024-02-21	2024-08-23
	235000. CISCO SYSTEMS INC 4.850% 02/26/29		2024-02-21	2024-08-23
	3000. CISCO SYSTEMS INC 5.050% 02/26/34		2024-02-21	2024-06-06
	44000. CISCO SYSTEMS INC 5.050% 02/26/34		2024-02-21	2024-09-13
	15000. CITIGROUP INC 1.462% 06/09/27		2021-06-02	2024-06-06
	4000. CITIGROUP INC 2.520% 11/03/32		2021-10-27	2024-06-06
	1000. COCA-COLA CO		2015-12-16	2024-06-06
	61000. COMCAST CORP 5.100% 06/01/29		2024-05-20	2024-10-08
	38000. COMCAST CORP 5.300% 06/01/34		2024-05-20	2024-06-06
	.4 COMMERCE BANCSHARES INC MO		2024-06-06	2024-12-31
	474. COMMERCIAL METALS CO		2022-06-28	2024-06-06
	1280. DEVON ENERGY CORP		2021-08-20	2024-03-19
	390. DICK'S SPORTING GOODS INC		2020-11-03	2024-03-19
	297. DOLBY LABORATORIES INC CLASS A		2018-03-15	2024-06-06
	444. DUKE ENERGY CORP		2018-09-05	2024-06-06
	58. DYCOM IND INC		2022-06-28	2024-06-06
	193. ELF BEAUTY INC		2023-05-22	2024-06-06
	320. EMCOR GROUP INC		2017-06-19	2024-06-06
	88. ENTEGRIS INC COM		2012-12-26	2024-06-06
	12000. EQUINOR ASA 3.125% 04/06/30		2020-04-01	2024-01-02
	37000. EQUINOR ASA 3.125% 04/06/30		2020-04-01	2024-05-02
	17000. EQUINOR ASA 3.125% 04/06/30		2020-04-01	2024-05-14
	2000. EQUINOR ASA 3.125% 04/06/30		2020-04-01	2024-06-06
	9000. EQUINOR ASA 2.375% 05/22/30		2020-05-18	2024-06-06
	35000. EQUINOR ASA 2.375% 05/22/30		2020-05-18	2024-11-18
	35000. EQUINOR ASA 2.375% 05/22/30		2020-05-18	2024-11-18
	15000. EQUINOR ASA 2.375% 05/22/30		2020-05-18	2024-12-12
	453. ETSY INC		2019-12-03	2024-06-06
	6026. FEDERATED CORP BOND STRATEGY PORT -157		2012-11-05	2024-01-17
	5077. FEDERATED CORP BOND STRATEGY PORT -157		2012-11-05	2024-06-06
	856. FEDERATED HERMES HIGH YIELD STRATEGY PORT -744		2020-12-03	2024-06-06
	1928. FEDERATED INTER BD STRATY PORT -742		2020-12-31	2024-06-06
	5834. FEDERATED INTER BD STRATY PORT -742		2023-03-23	2024-12-20
	2488. FEDERATED INTER BD STRATY PORT -742		2023-03-23	2024-12-23
	38834. FEDERATED STRATEGY PORT -743		2013-05-21	2024-06-06
	1750. FEDEX CORP		2022-12-22	2024-06-06
	10000. FIRST KEYSTONE CORP		2009-01-19	2024-03-19
	200. FIRST KEYSTONE CORP		2009-01-19	2024-10-29
	400. FIRST KEYSTONE CORP		2009-01-19	2024-10-30
	9400. FIRST KEYSTONE CORP		2009-01-19	2024-10-31
	1755. FIRST KEYSTONE CORP		2009-01-19	2024-11-19
	1435. FORTINET INC		2015-05-18	2024-03-19
	11000. GOLDMAN SACHS GROUP 1.431% 03/09/27		2021-03-01	2024-06-06
	8000. GOLDMAN SACHS GROUP 2.383% 07/21/32		2021-07-14	2024-06-06
	11000. GOLDMAN SACHS GROUP 1.948% 10/21/27		2021-10-18	2024-06-06
	700. HOME DEPOT INC		2015-12-16	2024-06-06
	130000. HOME DEPOT INC 4.875% 06/25/27		2024-06-17	2024-07-08
	86000. HOME DEPOT INC 4.750% 06/25/29		2024-06-17	2024-08-20
	686. HONEYWELL INTERNATIONAL INC		2018-03-21	2024-06-06
	407. INSPERITY INC		2020-11-03	2024-03-19
	6000. JPMORGAN CHASE & CO 1.578% 04/22/27		2021-04-15	2024-06-06
	11000. JPMORGAN CHASE & CO 1.470% 09/22/27		2021-09-15	2024-06-06
	6000. JPMORGAN CHASE & CO 2.545% 11/08/32		2021-11-01	2024-06-06
	1500. JOHNSON & JOHNSON		2009-01-19	2024-06-06
	37000. JOHNSON & JOHNSON 4.800% 06/01/29		2024-05-13	2024-06-06
	38000. JOHNSON & JOHNSON 4.800% 06/01/29		2024-05-13	2024-10-04
	23000. JOHNSON & JOHNSON 4.800% 06/01/29		2024-05-13	2024-10-10
	38000. JOHNSON & JOHNSON 4.800% 06/01/29		2024-05-13	2024-10-15
	33000. JOHNSON & JOHNSON 4.800% 06/01/29		2024-05-13	2024-10-15
	38. LANDSTAR SYS		2023-05-22	2024-06-06
	3500. MERCK & CO INC		2010-09-24	2024-06-06
	35000. METLIFE INC 4.550% 03/23/50		2020-03-19	2024-04-23
	50000. METLIFE INC 4.550% 03/23/50		2020-03-19	2024-05-06
	65000. METLIFE INC 4.550% 03/23/50		2020-03-19	2024-05-30
	35000. METLIFE INC 4.550% 03/23/50		2020-03-19	2024-05-30
	46000. METLIFE INC 4.550% 03/23/50		2020-03-19	2024-05-30
	23000. METLIFE INC 4.550% 03/23/50		2020-03-19	2024-09-25
	23000. METLIFE INC 4.550% 03/23/50		2020-03-19	2024-10-02
	38000. METLIFE INC 4.550% 03/23/50		2020-03-19	2024-10-03
	5000. METLIFE INC 4.550% 03/23/50		2024-02-13	2024-10-04
	42000. METLIFE INC 4.550% 03/23/50		2023-08-01	2024-10-04
	1000. MICROSOFT CORP		2010-09-24	2024-06-06
	179. MOLINA HEALTHCARE INC		2019-03-15	2024-03-19
	348000. MORGAN STANLEY 0.790% 05/30/25		2022-06-10	2024-05-30
	2277. NIKE INC CLASS B		2018-03-21	2024-06-06
	252. NORDSON CORP		2013-03-01	2024-03-19
	4000. ORACLE CORP 2.950% 04/01/30		2020-03-30	2024-06-06
	7000. ORACLE CORP 1.650% 03/25/26		2021-03-22	2024-06-06
	9000. PFIZER INC COM		2017-06-07	2024-03-19
	7000. PHILIP MORRIS INTL 4.875% 02/13/29		2024-02-09	2024-06-06
	7000. PHILIP MORRIS INTL 5.250% 02/13/34		2024-02-09	2024-06-06
	528. POWER INTEGRATIONS INC		2014-03-25	2024-06-06
	1319. PRIMORIS SERVICE CORP		2023-08-01	2024-06-06
	2500. PROCTER & GAMBLE CO		2011-03-21	2024-06-06
	143. RH		2024-06-06	2024-10-17
	119000. SHELL INTL FIN BV 2.750% 04/06/30		2020-09-10	2024-05-07
	5000. SHELL INTL FIN BV 2.750% 04/06/30		2020-09-10	2024-06-06
	230. SHOCKWAVE MEDICAL INC		2020-12-30	2024-03-19
	1642. SOUTHERN COMPANY		2018-09-05	2024-06-06
	214. SPROUTS FARMERS MARKET INC		2022-06-28	2024-06-06
	29. TD SYNNEX CORP		2022-06-28	2024-06-06
	3000. TJX COS INC		2010-09-24	2024-06-06
	70. TARGET CORP COM		2023-08-01	2024-06-06
	965. TESLA INC		2023-08-01	2024-03-19
	2000. TEXAS INSTRUMENTS INC		2009-01-19	2024-06-06
	85. ULTA BEAUTY INC		2024-06-06	2024-10-17
	300. UNITED PARCEL SERVICE INC CLASS B		2017-06-07	2024-06-06
	29000. UNITED PARCEL SERV 5.150% 05/22/34		2024-05-20	2024-12-03
	33000. UNITED PARCEL SERV 5.150% 05/22/34		2024-05-20	2024-12-10
	22000. UNITED PARCEL SERV 5.150% 05/22/34		2024-05-20	2024-12-10
	38000. UNITED PARCEL SERV 5.150% 05/22/34		2024-05-20	2024-12-11
	76000. UNITED PARCEL SERV 5.150% 05/22/34		2024-05-20	2024-12-11
	2000. UNITED PARCEL SERV 5.150% 05/22/34		2024-11-19	2024-12-11
	13000. US BANCORP 2.677% 01/27/33		2022-01-20	2024-06-06
	115000. US TREAS NOTES 2.375% 05/15/51		2022-09-06	2024-05-29
	10000. US TREAS NOTES 2.375% 05/15/51		2022-09-06	2024-06-06
	13000. US TREAS NOTES 2.375% 05/15/51		2024-02-12	2024-10-23
	5000. US TREAS NOTES 2.375% 05/15/51		2024-10-03	2024-10-23
	248000. US TREAS NOTES 2.375% 05/15/51		2023-08-01	2024-10-23
	27000. US TREAS NOTES 1.875% 11/15/51		2022-01-10	2024-06-06
	66000. US TREAS NOTES 1.875% 11/15/51		2022-02-03	2024-10-23
	88000. US TREAS NOTES 1.875% 11/15/51		2022-02-08	2024-10-25
	202000. US TREAS NOTES 1.875% 11/15/51		2022-06-03	2024-11-08
	13000. US TREAS NOTES 4.000% 11/15/52		2023-01-11	2024-06-06
	158000. US TREAS NOTES 4.000% 11/15/52		2023-01-13	2024-11-08
	37000. US TREAS NOTES 3.625% 05/15/53		2023-05-25	2024-06-06
	289000. US TREAS NOTES 3.625% 05/15/53		2023-07-12	2024-09-05
	296000. US TREAS NOTES 4.125% 11/15/32		2022-11-21	2024-02-09
	2000. US TREAS NOTES 4.125% 11/15/32		2023-03-03	2024-02-21
	227000. US TREAS NOTES 4.125% 11/15/32		2023-01-11	2024-02-21
	33000. US TREAS NOTES 4.125% 11/15/32		2023-08-01	2024-02-22
	10000. US TREAS NOTES 4.125% 11/15/32		2024-02-13	2024-02-22
	22000. US TREAS NOTES 3.500% 02/15/33		2023-05-09	2024-02-22
	10000. US TREAS NOTES 3.500% 02/15/33		2023-05-09	2024-02-23
	346000. US TREAS NOTES 3.500% 02/15/33		2023-05-09	2024-05-20
	9000. US TREAS NOTES 3.500% 02/15/33		2023-05-09	2024-06-06
	89000. US TREAS NOTES 3.500% 02/15/33		2023-05-09	2024-07-17
	9000. US TREAS NOTES 3.500% 02/15/33		2023-12-05	2024-08-02
	17000. US TREAS NOTES 3.500% 02/15/33		2024-05-16	2024-08-02
	171000. US TREAS NOTES 3.500% 02/15/33		2023-08-01	2024-08-02
	1069000. US TREAS NOTES 3.500% 04/30/28		2023-08-01	2024-02-05
	18000. US TREAS NOTES 3.500% 04/30/28		2024-01-04	2024-02-05
	114000. US TREAS NOTES		2023-05-23	2024-03-05
	40000. US TREAS NOTES		2023-05-24	2024-06-06
	246000. US TREAS NOTES		2023-05-26	2024-10-31
	45000. US TREAS NOTES		2023-06-16	2024-10-31
	311000. US TREAS NOTES		2023-07-11	2024-11-20
	289000. US TREAS NOTES		2023-09-06	2024-11-29
	155000. US TREAS NOTES 3.625% 05/31/28		2023-07-06	2024-02-05
	3000. US TREAS NOTES 3.625% 05/31/28		2023-11-16	2024-02-05
	71000. US TREAS NOTES 4.000% 06/30/28		2023-07-11	2024-02-05
	6000. US TREAS NOTES 3.875% 08/15/33		2023-10-05	2024-06-06
	24000. US TREAS NOTES 3.875% 08/15/33		2024-02-05	2024-10-30
	2000. US TREAS NOTES 3.875% 08/15/33		2024-10-03	2024-10-30
	129000. US TREAS NOTES 3.875% 08/15/33		2023-10-05	2024-10-30
	227000. US TREAS NOTES 4.625% 09/30/30		2024-02-05	2024-02-09
	350000. US TREAS NOTES 4.875% 10/31/28		2024-01-10	2024-02-05
	13000. US TREAS NOTES 4.500% 11/15/33		2023-11-17	2024-06-06
	10000. US TREAS NOTES 4.500% 11/15/33		2023-11-17	2024-06-18
	68000. US TREAS NOTES 4.500% 11/15/33		2023-11-20	2024-10-04
	250000. US TREAS NOTES 4.500% 11/15/33		2024-04-24	2024-10-30
	14000. US TREAS NOTES 4.500% 11/15/33		2024-10-03	2024-10-30
	159000. US TREAS NOTES 4.375% 11/30/30		2024-02-05	2024-02-13
	227000. US TREAS NOTES 4.375% 11/30/30		2024-02-05	2024-02-14
	411000. US TREAS NOTES 4.375% 11/30/30		2024-02-05	2024-02-22
	342000. US TREAS NOTES 4.375% 11/30/30		2024-02-05	2024-02-27
	115000. US TREAS NOTES 4.375% 11/30/30		2024-02-05	2024-03-14
	32000. US TREAS NOTES 4.375% 11/30/30		2024-02-05	2024-06-06
	374000. US TREAS NOTES 4.375% 11/30/30		2024-04-23	2024-08-02
	289000. US TREAS NOTES 4.375% 11/30/30		2024-08-27	2024-09-05
	91000. US TREAS NOTES 4.250% 02/28/29		2024-03-19	2024-05-13
	36000. US TREAS NOTES 4.250% 02/28/29		2024-03-21	2024-05-14
	69000. US TREAS NOTES 4.250% 02/28/29		2024-03-21	2024-05-20
	22000. US TREAS NOTES 4.250% 02/28/29		2024-03-21	2024-06-11
	34000. US TREAS NOTES 4.500% 04/15/27		2024-05-03	2024-05-13
	34000. US TREAS NOTES 4.625% 04/30/29		2024-05-03	2024-05-07
	17000. US TREAS NOTES 4.500% 05/15/27 4.5 NTS 15/05/2027 USD AN-2027		2024-05-29	2024-06-06
	242000. US TREAS NOTES 4.500% 05/15/27 4.5 NTS 15/05/2027 USD AN-2027		2024-05-29	2024-06-11
	110000. US TREAS NOTES 4.500% 05/15/27 4.5 NTS 15/05/2027 USD AN-2027		2024-05-29	2024-06-17
	108000. US TREAS NOTES 4.500% 05/15/27 4.5 NTS 15/05/2027 USD AN-2027		2024-06-10	2024-07-12
	87000. US TREAS NOTES 4.500% 05/31/29		2024-06-11	2024-06-17
	176000. US TREAS NOTES 4.500% 05/31/29		2024-06-11	2024-09-05
	129000. US TREAS NOTES 4.625% 06/15/27		2024-07-08	2024-07-12
	176000. US TREAS NOTES 4.250% 06/30/29		2024-07-12	2024-09-05
	354000. US TREAS NOTES 4.000% 07/31/29		2024-08-23	2024-10-01
	199000. US TREAS NOTES 3.375% 09/15/27		2024-10-11	2024-10-25
	56000. US TREAS NOTES 3.375% 09/15/27		2024-10-15	2024-10-30
	38000. US TREAS NOTES 3.625% 09/30/31		2024-10-03	2024-10-30
	385000. US TREAS NOTES 3.500% 09/30/29		2024-10-23	2024-10-30
	266000. US TREAS NOTES 4.125% 10/31/29		2024-11-08	2024-11-15
	31000. US TREAS NOTES 4.125% 11/15/27		2024-11-13	2024-11-15
	700. UNITEDHEALTH GRP INC 91911K102		2009-01-19	2024-06-06
	419. VALVOLINE INC		2022-06-28	2024-06-06
	1750. VISA INC		2015-12-16	2024-06-06
	5000. WALMART INC		2017-06-07	2024-06-06
	62. WEST PHARMACEUTICAL SERVICES INC		2023-08-01	2024-06-06
	807. WOLFSPEED INC		2023-08-01	2024-03-19
	466. WOLFSPEED INC		2024-06-06	2024-10-17
	4911. XPONENTIAL FITNESS INC		2023-08-01	2024-03-19
	21. AMDOCS LIMITED SPON		2022-06-28	2024-06-06
	800. MEDTRONIC PLC SPON		2010-09-24	2024-06-06
	1300. CHUBB LTD		2016-01-20	2024-06-06
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	9,782	11,978	-2,196
b	10,326	10,982	-656
c	186,565	98,022	88,543
d	21,753	21,931	-178
e	2,005	1,994	11
	23,098	21,931	1,167
	46,022	43,861	2,161
	618,486	135,981	482,505
	77,883	42,151	35,732
	455,600	125,724	329,876
	236,195	122,088	114,107
	166,653	86,940	79,713
	4,373	4,998	-625
	784,679	41,791	742,888
	736	520	216
	88,425	64,517	23,908
	43,558	18,847	24,711
	184,352	39,232	145,120
	27,805	15,201	12,604
	34,615	31,743	2,872
	11,598	13,960	-2,362
	10,661	12,963	-2,302
	27,376	31,908	-4,532
	16,000	15,983	17
	34,073	36,000	-1,927
	19,940	21,000	-1,060
	45,773	47,000	-1,227
	22,400	23,000	-600
	25,323	26,000	-677
	32,120	33,000	-880
	32,105	33,000	-895
	25,319	26,000	-681
	33,142	34,000	-858
	32,171	33,000	-829
	30,930	32,000	-1,070
	31,993	33,000	-1,007
	33,917	36,257	-2,340
	4,827	4,737	90
	24,134	24,169	-35
	12,550	12,406	144
	10,360	11,000	-640
	10,300	11,000	-700
	246,260	85,186	161,074
	35,054	36,690	-1,636
	5,838	7,096	-1,258
	20,721	20,967	-246
	3,998	3,994	4
	112,753	109,828	2,925
	102,282	99,599	2,683
	21,604	12,476	9,128
	4,824	4,875	-51
	43,240	43,876	-636
	31,201	31,201
	82,977	82,910	67
	23,038	22,952	86
	112,461	111,765	696
	9,070	8,991	79
	5,225	5,181	44
	76,902	63,877	13,025
	161,118	110,408	50,710
	33,936	33,988	-52
	9,036	8,997	39
	29,939	28,990	949
	242,320	234,918	7,402
	3,016	2,997	19
	46,499	43,956	2,543
	13,881	15,000	-1,119
	3,305	4,000	-695
	64,135	43,764	20,371
	62,885	60,956	1,929
	38,380	37,874	506
	25	21	4
	25,138	17,308	7,830
	60,678	32,723	27,955
	83,286	16,482	66,804
	23,817	15,793	8,024
	45,823	36,408	9,415
	10,507	5,705	4,802
	35,628	16,941	18,687
	119,624	18,419	101,205
	11,385	795	10,590
	11,237	11,905	-668
	33,505	36,708	-3,203
	15,465	16,866	-1,401
	1,835	1,984	-149
	7,883	8,948	-1,065
	31,067	34,799	-3,732
	31,127	34,799	-3,672
	13,425	14,914	-1,489
	30,226	19,504	10,722
	60,139	69,359	-9,220
	50,668	58,436	-7,768
	9,835	11,196	-1,361
	23,734	30,250	-6,516
	74,617	79,830	-5,213
	31,722	30,055	1,667
	322,322	402,077	-79,755
	438,940	159,307	279,633
	135,401	167,857	-32,456
	2,337	3,357	-1,020
	4,718	6,714	-1,996
	109,896	157,786	-47,890
	26,245	29,459	-3,214
	96,266	10,939	85,327
	10,250	11,000	-750
	6,598	8,000	-1,402
	10,147	11,000	-853
	231,502	93,145	138,357
	130,324	129,570	754
	88,020	85,445	2,575
	143,724	99,769	43,955
	40,193	30,659	9,534
	5,594	6,000	-406
	10,093	11,000	-907
	5,012	6,000	-988
	220,022	85,961	134,061
	37,374	36,955	419
	39,237	37,954	1,283
	23,647	22,972	675
	39,116	37,954	1,162
	33,979	32,960	1,019
	6,789	6,705	84
	457,937	123,719	334,218
	34,006	34,858	-852
	48,909	49,798	-889
	63,284	64,737	-1,453
	34,091	34,858	-767
	44,815	45,814	-999
	23,605	22,907	698
	23,566	22,907	659
	38,826	37,846	980
	5,061	4,907	154
	42,514	43,951	-1,437
	423,926	24,725	399,201
	73,748	24,529	49,219
	347,877	347,815	62
	215,342	152,456	62,886
	66,514	15,707	50,807
	3,564	3,996	-432
	6,561	6,997	-436
	248,173	272,679	-24,506
	6,943	6,935	8
	6,924	6,847	77
	39,438	16,857	22,581
	69,888	42,648	27,240
	417,671	153,859	263,812
	49,685	39,264	10,421
	106,337	130,512	-24,175
	4,480	5,484	-1,004
	63,586	23,225	40,361
	130,068	72,535	57,533
	16,836	5,593	11,243
	3,789	2,863	926
	320,377	33,722	286,655
	10,214	9,385	829
	166,302	253,020	-86,718
	389,759	29,408	360,351
	31,544	32,913	-1,369
	40,974	31,995	8,979
	29,706	28,953	753
	33,805	32,947	858
	22,525	21,964	561
	38,869	37,938	931
	77,727	75,877	1,850
	2,045	2,022	23
	10,776	13,000	-2,224
	73,097	129,131	-56,034
	6,719	7,919	-1,200
	8,588	8,151	437
	3,303	3,396	-93
	163,828	195,562	-31,734
	16,002	25,592	-9,590
	38,355	62,649	-24,294
	51,394	81,858	-30,464
	118,107	183,057	-64,950
	12,070	13,783	-1,713
	144,946	169,260	-24,314
	32,084	34,624	-2,540
	267,980	272,845	-4,865
	294,647	303,877	-9,230
	1,969	2,023	-54
	223,506	236,380	-12,874
	32,457	34,374	-1,917
	9,835	9,738	97
	20,621	21,956	-1,335
	9,425	9,980	-555
	322,158	345,311	-23,153
	8,490	8,982	-492
	84,932	88,823	-3,891
	8,822	8,262	560
	16,663	15,708	955
	167,612	170,448	-2,836
	1,042,056	1,069,474	-27,418
	17,546	17,238	308
	107,196	110,812	-3,616
	37,316	38,823	-1,507
	230,442	238,319	-7,877
	42,179	43,520	-1,341
	288,732	299,436	-10,704
	271,725	274,045	-2,320
	151,786	152,415	-629
	2,938	2,875	63
	70,527	70,284	243
	5,785	5,604	181
	23,203	22,895	308
	1,934	1,965	-31
	124,718	120,479	4,239
	232,582	222,321	10,261
	361,129	359,665	1,464
	13,212	13,063	149
	10,210	10,049	161
	70,816	68,407	2,409
	254,766	255,282	-516
	14,267	14,736	-469
	159,783	161,118	-1,335
	228,286	230,024	-1,738
	411,722	416,475	-4,753
	342,882	346,556	-3,674
	115,404	116,532	-1,128
	32,156	32,426	-270
	388,754	378,306	10,448
	301,135	287,194	13,941
	89,973	90,844	-871
	35,639	35,958	-319
	68,345	68,984	-639
	21,801	21,995	-194
	33,845	33,871	-26
	34,230	34,206	24
	17,001	16,860	141
	241,012	240,005	1,007
	109,894	109,093	801
	108,615	107,254	1,361
	87,748	87,167	581
	183,233	176,337	6,896
	130,330	129,751	579
	181,314	177,066	4,248
	361,619	359,082	2,537
	195,541	196,176	-635
	54,908	55,277	-369
	36,740	37,828	-1,088
	374,518	376,880	-2,362
	264,140	265,148	-1,008
	30,889	30,887	2
	351,081	17,574	333,507
	17,447	12,568	4,879
	484,449	118,739	365,710
	334,830	131,827	203,003
	19,651	22,885	-3,234
	19,703	52,072	-32,369
	7,491	13,036	-5,545
	69,809	103,649	-33,840
	1,615	1,785	-170
	66,300	27,213	39,087
	346,180	144,404	201,776
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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			-2,196
b			-656
c			88,543
d			-178
e			11
			1,167
			2,161
			482,505
			35,732
			329,876
			114,107
			79,713
			-625
			742,888
			216
			23,908
			24,711
			145,120
			12,604
			2,872
			-2,362
			-2,302
			-4,532
			17
			-1,927
			-1,060
			-1,227
			-600
			-677
			-880
			-895
			-681
			-858
			-829
			-1,070
			-1,007
			-2,340
			90
			-35
			144
			-640
			-700
			161,074
			-1,636
			-1,258
			-246
			4
			2,925
			2,683
			9,128
			-51
			-636

			67
			86
			696
			79
			44
			13,025
			50,710
			-52
			39
			949
			7,402
			19
			2,543
			-1,119
			-695
			20,371
			1,929
			506
			4
			7,830
			27,955
			66,804
			8,024
			9,415
			4,802
			18,687
			101,205
			10,590
			-668
			-3,203
			-1,401
			-149
			-1,065
			-3,732
			-3,672
			-1,489
			10,722
			-9,220
			-7,768
			-1,361
			-6,516
			-5,213
			1,667
			-79,755
			279,633
			-32,456
			-1,020
			-1,996
			-47,890
			-3,214
			85,327
			-750
			-1,402
			-853
			138,357
			754
			2,575
			43,955
			9,534
			-406
			-907
			-988
			134,061
			419
			1,283
			675
			1,162
			1,019
			84
			334,218
			-852
			-889
			-1,453
			-767
			-999
			698
			659
			980
			154
			-1,437
			399,201
			49,219
			62
			62,886
			50,807
			-432
			-436
			-24,506
			8
			77
			22,581
			27,240
			263,812
			10,421
			-24,175
			-1,004
			40,361
			57,533
			11,243
			926
			286,655
			829
			-86,718
			360,351
			-1,369
			8,979
			753
			858
			561
			931
			1,850
			23
			-2,224
			-56,034
			-1,200
			437
			-93
			-31,734
			-9,590
			-24,294
			-30,464
			-64,950
			-1,713
			-24,314
			-2,540
			-4,865
			-9,230
			-54
			-12,874
			-1,917
			97
			-1,335
			-555
			-23,153
			-492
			-3,891
			560
			955
			-2,836
			-27,418
			308
			-3,616
			-1,507
			-7,877
			-1,341
			-10,704
			-2,320
			-629
			63
			243
			181
			308
			-31
			4,239
			10,261
			1,464
			149
			161
			2,409
			-516
			-469
			-1,335
			-1,738
			-4,753
			-3,674
			-1,128
			-270
			10,448
			13,941
			-871
			-319
			-639
			-194
			-26
			24
			141
			1,007
			801
			1,361
			581
			6,896
			579
			4,248
			2,537
			-635
			-369
			-1,088
			-2,362
			-1,008
			2
			333,507
			4,879
			365,710
			203,003
			-3,234
			-32,369
			-5,545
			-33,840
			-170
			39,087
			201,776

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	5,676,387
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	93,609
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	93,609
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	93,609
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	28,712
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	158,506
d	Backup withholding erroneously withheld ..........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	187,218
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
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	93,609
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax93,609	Refunded	11	0

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

www.dfhughesfoundation.org

The books are in care of right arrow

FULTON BANK NA Telephone no. right arrow

(610) 898-8356

Located at right arrow

2747 CENTURY BLVDWYOMISSINGPA ZIP+4 right arrow

19610

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)

Yes

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(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-)
FULTON BANK N A	CO-TRUSTEE 10	203,119
ONE PENN SQUARE LANCASTER,PA17602	CO-TRUSTEE 10	203,119
PATRICIA G HUGHES	CO-TRUSTEE 3	25,610
3210 GULF BLVD ST PETE BEACH,FL33706	CO-TRUSTEE 3	25,610
KEVIN D HUGHES	CO-TRUSTEE 3	25,610
3210 GULF BLVD ST PETE BEACH,FL33706	CO-TRUSTEE 3	25,610
SCOTT R HUGHES	CO-TRUSTEE 3	25,610
2215 CHERRY COURT STROUDSBURG,PA18360	CO-TRUSTEE 3	25,610
CARL E HUGHES	CO-TRUSTEE 3	25,610
100 CENTER GROVE RD APT 9-11 RANDOLPH,NJ07869	CO-TRUSTEE 3	25,610

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
NONE









Total number of other employees paid over $50,000...................				0

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
NONE

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

50,682,111

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

1,081,538

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

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

51,763,649

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

51,763,649

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

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

776,455

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

50,987,194

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

2,549,360

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

2,549,360

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

93,609

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

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

93,609

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

2,455,751

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

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

2,455,751

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

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

2,455,751

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 ..........

2,300,000

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. .......

2,300,000

Form 990-PF (2024)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2023	(c) 2023	(d) 2024
1 Distributable amount for 2024 from Part X, line 7					2,455,751
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......				495,069
b Total for prior years:20 , 20, 20			0
3 Excess distributions carryover, if any, to 2024:
a From 2019......	0
b From 2020......	0
c From 2021......	0
d From 2022......	0
e From 2023......	0
f Total of lines 3a through e ........		0
4Qualifying distributions for 2024 from Part
XI, line 4: $ 2,300,000
a Applied to 2023, but not more than line 2a				495,069
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2024 distributable amount.....					1,804,931
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2024.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		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......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2023. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2024. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2025 ..........					650,820
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2019 not applied on line 5 or line 7 (see instructions) ...		0
9 Excess distributions carryover to 2025. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2020....	0
b Excess from 2021....	0
c Excess from 2022....	0
d Excess from 2023....	0
e Excess from 2024....	0

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).)

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 e-mail address of the person to whom applications should be addressed:

CO KEVIN HUGHES
PO BOX 728
STROUDSBURG,PA18360
(610) 898-8356
grantapps@dfhughesfoundation.org

bThe form in which applications should be submitted and information and materials they should include:

ELECTRONIC ONLY - SEE WEBSITE FOR DETAILS

cAny submission deadlines:

APRIL 1 - APRIL 30, EACH YEAR

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

1) REGISTERED NON-PROFIT GROUP UNDER SECTION 501(C)(3) OF THE IRC AND 2) BASED IN MONROE COUNTY, OR PROVIDE SUBSTANTIAL SERVICES TO THE RESIDENTS OF MONROE COUNTY

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
EAST STROUDSBURG SCHOOL DISTRICT 50 VINE ST EAST STROUDSBURG,PA18301	N/A	PC	PUBLIC EDUCATION	13,251
CELEBRATION OF THE ARTS JAZZ FESTIVAL PO BOX 249 DELAWARE WATER GAP,PA18327	N/A	PC	OPERATIONS	34,725
MONROE CAREER & TECHNICAL INSTITUTE 113 HOLSTEIN ROAD EAST STROUDSBURG,PA18301	N/A	PC	OPERATIONS	79,000
LVHN-POCONO FOUNDATION 206 E BROWN STREET EAST STROUDSBURG,PA18301	N/A	PC	OPERATIONS	100,000
SAFE MONROE 225 J WILSON DRIVE DELAWARE WATER GAP,PA18327	N/A	PC	OPERATIONS	60,000
SUBURBAN EMS 2925 WILLIAM PENN HIGHWAY SUITE 301 EASTON,PA18045	N/A	PC	OPERATIONS	168,579
SALVATION ARMY 226 WASHINGTON STREET EAST STROUDSBURG,PA18301	N/A	PC	EAST STROUDSBURG OPERATIONS	265,000
MONROE COUNTY HISTORICAL ASSOCIATION 900 MAIN ST STROUDSBRUG,PA18360	N/A	PC	OPERATIONS	257,500
POCONO MOUNTAIN PUBLIC LIBRARY 5500 MUNICIPAL DRIVE TOBYHANNA,PA18466	N/A	PC	OPERATIONS	158,955
EAST STROUDSBURG UNIVERSITY FDN 200 PROSPECT STREET EAST STROUDSBURG,PA18301	N/A	PC	ART & DESIGN DEPT. &	152,673
SIGHTS FOR HOPE 845 W WYOMING STREET Allentown,PA18103	N/A	PC	OPERATIONS	35,000
DEVEREUX FOUNDATION 1547 MILL CREEK RD NEWFOUNDLAND,PA18445	N/A	PC	DEVELOPMENTALLY DISABLED	25,000
QUIET VALLEY LIVING HISTORICAL FARM 347 QUIET VALLEY ROAD STROUDSBURG,PA18360	N/A	PC	OPERATIONS	51,100
NORTHAMPTON COUNTY COMMUNITY COLLEGE FOUNDATION 3835 GREEN POND ROAD BETHLEHEM,PA18020	N/A	PC	CAMPUS CONSTRUCTION &	90,000
PLEASANT VALLEY ECUMENICAL NETWORK PO BOX 561 SAYLORSBURG,PA18353	N/A	PC	DEBT REDUCTION & OPERATIONS	65,000
POCONO AREA TRANSITIONAL HOUSING 814 MAIN STREET STROUDSBURG,PA18360	N/A	PC	GROUP HOME OPERATIONS	97,267
MONROE COUNTY MEALS ON WHEELS 901 POLK VALLEY ROAD STROUDSBURG,PA18360	N/A	PC	SENIOR FEEDING PROGRAM	35,000
EASTERN MONROE PUBLIC LIBRARY ATTN SUSAN LYONS DIRECTOR 1002 NORTH NINTH STREET STROUDSBURG,PA18360	N/A	PC	OPERATIONS	116,000
BARRETT PARADISE FRIENDLY LIBRARY 6500 ROUTE 191 CRESCO,PA18326	N/A	PC	ARCHIVAL PROJECT &	319,900
WESTERN POCONO PUBLIC LIBRARY 131 PILGRIM WAY Brodheadsville,PA18322	N/A	PC	OPERATIONS	34,300
THE FRIENDLY COMMUNITY CENTER PO BOX 604 MOUNTAINHOME,PA18342	N/A	PC	SENIOR & COMMUNITY PROGRAMS	14,500
FAMILY PROMISE OF MONROE COUNTY INC PO BOX 1021 STROUDSBURG,PA18360	N/A	PC	OPERATIONS & UTILITY COSTS	72,250
CHILDRENS ADVOCACY CENTER OF MONROE COUNTY PO BOX 608 BARTONSVILLE,PA18321	N/A	PC	CHILD ABUSE SUPPORT	55,000
Total ................................. 3a				2,300,000

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 ...........
4 Dividends and interest from securities ....			14	1,425,847
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	5,676,387
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aOTHER INCOME			1	374
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				7,102,608

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

7,102,608

(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

Name of organization R DALE & FRANCES M HUGHES FDN 47F100011

Part I	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	FRANCES M HUGHES ESTATE 216 CHERRY CT STROUDSBURG, PA18360	$ 339,453	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)

Name of organization R DALE & FRANCES M HUGHES FDN 47F100011		Employer identification number 23-7914215

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990) (Rev. 1-2025)

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
OTHER ALLOCABLE EXPENSE-PRINCI	119	0		0
OTHER EXPENSE (NON-DEDUCTIBLE	11	0		0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES	2,849	2,849		0
FEDERAL ESTIMATES - PRINCIPAL	2,500	0		0


Name of organization R DALE & FRANCES M HUGHES FDN 47F100011			Employer identification number 23-7914215
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.