Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
The Frank De Angeli Family Foundation
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

88-3770360
B Telephone number (see instructions)

(800) 839-1754
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$10,843,936J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 6,000,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 33,161 33,161  
4 Dividends and interest from securities... 187,330 187,330  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 130,548
b Gross sales price for all assets on line 6a 1,565,563
7 Capital gain net income (from Part IV, line 2)... 130,548
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 6,351,039 351,039  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
61,102 61,102    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
1,424 244    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
24,339 57   24,282
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 86,865 61,403   24,282
25 Contributions, gifts, grants paid....... 137,554 137,554
26 Total expenses and disbursements. Add lines 24 and 25 224,419 61,403   161,836
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 6,126,620
b Net investment income (if negative, enter -0-) 289,636
c Adjusted net income (if negative, enter -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 Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 499,933 639,466 639,466
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow   4,852    
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 23,609    
b Investments—corporate stock (attach schedule)....... 2,133,363 Click to see attachment
List of Attached Documents:
// Content
6,124,741 		6,814,494
c Investments—corporate bonds (attach schedule)....... 1,090,753 Click to see attachment
List of Attached Documents:
// Content
3,089,836 		3,113,084
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 255,000 Click to see attachment
List of Attached Documents:
// Content
280,087 		276,892
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,007,510 10,134,130 10,843,936
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 4,007,510 10,134,130
29 Total net assets or fund balances (see instructions)..... 4,007,510 10,134,130
30 Total liabilities and net assets/fund balances (see instructions). 4,007,510 10,134,130
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
4,007,510
2
Enter amount from Part I, line 27a .....................
2
6,126,620
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
10,134,130
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
10,134,130
Form 990-PF (2024)
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
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,565,563   1,435,015 130,548
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       130,548
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 130,548
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 4,026
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 4,026
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 4,026
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 600
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 600
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 3,426
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowDE
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrow  
14
The books are in care ofright arrowFoundation Source Telephone no.right arrow (800) 839-1754

Located atright arrow501 Silverside Road Suite 123WilmingtonCT ZIP+4right arrow198091377
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 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)
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
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 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.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
Yes
 
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Jane De Angeli Pres, Dir, Sec
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Kazuko De Angeli Dir, VP
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Kieran Mark Kindig Dir
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
James Meredith Ashmore Tait Dir, Treas
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
 
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2024)
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
UBS Financial Services Investment MGMT 61,102
7700 Wisconsin Ave Suite 300
Bethesda,MD20814
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)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
7,616,732
b
Average of monthly cash balances.......................
1b
869,050
c
Fair market value of all other assets (see instructions)................
1c
263,823
d
Total (add lines 1a, b, and c).........................
1d
8,749,605
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
8,749,605
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
131,244
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
8,618,361
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
430,918
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
430,918
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
4,026
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
4,026
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
426,892
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
426,892
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
426,892
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
161,836
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
161,836
Form 990-PF (2024)
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 7 426,892
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 41,168
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......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 161,836
a Applied to 2023, but not more than line 2a 41,168
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..... 120,668
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 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 .......... 		306,224
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 ...... 		0
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.... 0
Form 990-PF (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 or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
Kazuko De Angeli
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow 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)
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)
aPaid during the year

BIG FLUFFY DOG RESCUE

196 JEFFERSON PIKE
LA VERGNE,TN37086 		N/A PC Private spay/neuter clinic on the BFDR premises 35,000

R Mulugeta

Loyola University Maryland Inc
4501 NORTH CHARLES ST
BALTIMORE,MD21210 		NONE I Scholarship Grant 5,000

D Juarez

Loyola University Maryland Inc
4501 NORTH CHARLES ST
BALTIMORE,MD21210 		NONE I Scholarship Grant 22,550

K Gomez

Loyola University Maryland Inc
4501 NORTH CHARLES ST
BALTIMORE,MD21210 		NONE I Scholarship Grant 5,000

G Ebobola

Notre Dame of Maryland University
4701 N CHARLES ST
BALTIMORE,MD21210 		NONE I Scholarship Grant 17,500

G Kasongo

Salisbury University
PO BOX 2195
SALISBURY,MD21802 		NONE I Scholarship Grant 5,904

G Coronado

Stevenson University
1525 GREENSPRING VALLEY RD
STEVENSON,MD21153 		NONE I Scholarship Grant 1,000

S Cisneros

Towson University
8000 YORK RD
TOWSON,MD21252 		NONE I Scholarship Grant 10,100

G Damian Tomas

Towson University
8000 YORK RD
TOWSON,MD21252 		NONE I Scholarship Grant 6,000

A Asamoah

Towson University
8000 YORK RD
TOWSON,MD21252 		NONE I Scholarship Grant 3,000

J Ramos

Trinity College
125 MICHIGAN AVE NE
WASHINGTON,DC20017 		NONE I Scholarship Grant 5,000

C Ramos

Trinity College
125 MICHIGAN AVE NE
WASHINGTON,DC20017 		NONE I Scholarship Grant 5,000

P Amadi

UNIVERSITY OF MARYLAND - EASTERN SH
SDC BLDG SUITE 1160
PRINCESS ANNE,MD21853 		NONE I Scholarship Grant 4,000

E Niftalem

UNIVERSITY OF MARYLAND BALTIMORE C
OFC OF FINANCIAL AID SCHOLARSHIPS
BALTIMORE,MD21250 		NONE I Scholarship Grant 3,500

E Rodriguez

UNIVERSITY OF MARYLAND BALTIMORE C
OFC OF FINANCIAL AID SCHOLARSHIPS
BALTIMORE,MD21250 		NONE I Scholarship Grant 9,000
Total .................................right arrow 3a 137,554
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
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
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 33,161  
4 Dividends and interest from securities ....     14 187,330  
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 ............ 		    18 130,548  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   351,039  
13Total. Add line 12, columns (b), (d), and (e)..................
13
351,039
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
The Frank De Angeli Family Foundation
 
Employer identification number

88-3770360
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
The Frank De Angeli Family Foundation
  		Employer identification number
88-3770360
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
Kazuko De Angeli
PO Box 215
 
Vaucluse, New South Wales2030AS

$ 6,000,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
The Frank De Angeli Family Foundation
  		Employer identification number

88-3770360
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
The Frank De Angeli Family Foundation
  		Employer identification number

88-3770360
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
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TY 2024 DepreciationSchedule
Name:
The Frank De Angeli Family Foundation
EIN:
88-3770360
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

TY 2024 InvestmentsCorpBondsSchedule
Name:
The Frank De Angeli Family Foundation
EIN:
88-3770360
Name of Bond End of Year Book Value End of Year Fair Market Value
ABBVIE INC NOTE - 4.800% - 03/ 38,032 38,221
AIR LEASE CORP SER A MTN - 5.8 6,090 6,150
ALLEGION US HLDG CO INC NT - 3 7,600 7,714
ALLEGION US HOLDING COMPANY IN 22,113 22,203
ALTRIA GROUP INC - 6.200% - 11 10,160 10,394
ALTRIA GROUP INC - 6.875% - 11 16,267 16,283
ALTRIA GROUP INC NT - 3.400% - 2,716 2,754
AMERIAN HONDA FIN CORP - 5.250 17,998 18,139
AMERICAN EXPRESS CO - 3.950% - 17,516 17,928
AMERICAN TOWER CORP - 3.375% - 7,819 7,814
AMERICAN TOWER CORP BOND - 4.0 10,688 10,949
AON NORTH AMERICA - 5.450% - 0 38,310 37,954
AT&T INC - 2.750% - 06/01/2031 18,303 19,140
AT&T INC - 4.100% - 02/15/2028 10,444 10,767
AT&T INC - 4.350% - 03/01/2029 11,685 11,746
AT&T, INC - 2.550% - 12/01/203 6,333 6,448
BANK NOVA SCOTIA - 5.450% - 06 17,905 18,055
BANK OF MONTREAL - 5.920% - 09 38,418 38,362
BAT CAPITAL CORP - 2.726% - 03 6,590 6,907
BAT CAPITAL CORP - 6.241% - 08 6,360 6,342
BAT CAPITAL CORP MTN CALL MAKE 13,148 13,781
BATH & BODY WORKS - 5.250% - 0 14,700 14,768
BEAL BANK PLANO TX - 5.250% - 199,999 200,037
BERRY GLOBAL - 5.500% - 04/15/ 11,033 11,108
BERRY GLOBAL INC - 1.570% - 01 14,823 15,440
BHP BILLTON FIN - 5.250% - 09/ 18,018 18,186
BK OF AMERICA CORP SER N MTN - 5,879 5,883
BLOCK FINL LLC - 3.875% - 08/1 28,164 28,600
BOYD GAMING - 4.750% - 12/01/2 14,363 14,502
BROADCOM - 4.300% - 11/15/2032 18,078 18,867
BROADCOM CORP/BROADCOM CAYMAN 29,041 29,534
CADENCE DESIGN SYSTEM INC - 4. 10,079 9,884
CARLISLE 3.75% 12/01/2027 - 3. 10,280 10,707
CARLISLE COS INC - 2.200% - 03 16,846 17,141
CARLISLE COS INC NOTE - 2.750% 1,758 1,791
CDW LLC - 3.276% - 12/01/2028 10,559 11,163
CDW LLC / CDW FIN CORP - 4.250 5,654 5,814
CENTENE CORP - 2.500% - 03/01/ 17,463 18,196
CHARTER COMMUNCATIONS - 2.800% 17,773 18,563
CHENIERE ENERGY PARTNERS LP SE 38,090 38,863
CISCO SYS INC - 4.950% - 02/26 36,232 36,117
CITIGROUP INC NOTE - 6.270% - 14,676 14,675
CITIGROUP INC NOTE CALL MAKE - 10,302 10,827
COMCAST CORP - 5.100% - 06/01/ 50,327 50,531
CONAGRA BRANDS INC SR NOTE - 4 21,651 21,868
CROWN CASTLE INC - 5.800% - 03 28,754 28,542
DICKS SPORTING GOODS INC NOTE 28,912 29,806
DISCOVERY COMMS LLC - 3.625% 8,887 8,895
DISCOVERY COMMS LLC - 3.950% 1,894 1,894
DISCOVERY COMMS LLC - 4.125% 11,022 11,180
DISNEY WALT CO - 2.000% - 09/0 18,725 19,569
DOLLAR TREE INC - 2.650% - 12/ 4,310 4,224
DOLLAR TREE INC - 4.000% - 05/ 9,842 9,963
DOLLAR TREE INC - 4.200% - 05/ 12,358 12,641
EAGLE MATLS INC - 2.500% - 07/ 29,341 29,776
ENBRIDGE INC MTN CDS- NOTE - 5 17,821 18,196
ENCOMPASS - 4.750% - 02/01/203 28,631 29,334
ENCOMPASS HEALTH CORP - 4.500% 8,653 8,684
EXPEDIA GROUP INC NOTE CALL MA 17,056 17,024
EXPEDIA GROUP INC SER B NOTE - 1,984 1,991
EXPEDIA GROUP INC SER B NOTE C 10,546 11,062
FISERV INC - 5.650% - 08/21/20 30,035 29,521
FLEXTRONICS INTL LTD NOTE - 4. 11,777 11,701
FORTUNE BRANDS - 4.000% - 03/2 8,997 9,229
FORTUNE BRANDS - 5.875% - 06/0 7,108 7,180
FORTUNE BRANDS HOME & SECURITY 12,634 12,947
GENUINE PARTS CO - 6.500% - 11 21,819 22,047
GLOBAL PAYMENTS - 2.900% - 05/ 21,515 22,258
GOLDMAN SACHS BANK USA BAR-MLC 100,000 100,380
GOLDMAN SACHS GROUP INC - 3.85 17,155 17,665
HCA 3.5% 09/01/2030 - 3.500% - 10,671 10,903
HCA INC - 5.875% - 02/15/2026 11,009 11,055
HP INC - 5.500% - 01/15/2033 18,440 18,169
HP INC NOTE - 4.000% - 04/15/2 10,516 10,544
HSBC BANK USA MLCD INDU - 0.00 75,000 80,378
INTEL - 3.750% - 08/05/2027 17,219 17,457
JPMORGAN CHASE &CO NT - 1.470% 17,797 18,921
JPMORGAN CHASE BK - 5.350% - 0 50,491 48,021
L BRANDS INC - 7.500% - 06/15/ 13,130 13,397
LKQ CORP - 5.750% - 06/15/2028 21,427 21,343
LKQ CORP - 6.250% - 06/15/2033 8,409 8,254
LOWE'S COMPANIES, INC - 5.150% 30,164 29,847
MARRIOTT INTERNATIONAL INC. CL 27,355 27,471
MICROCHIP TECH - 5.050% - 03/1 19,015 18,965
MICROCHIP TECHNOLOGYINC. SER B 2,959 2,988
MOLSON COORS BEVERAGE CO NOTE 28,636 29,221
MORGAN STANLEY - 3.622% - 04/0 47,750 48,301
MORGAN STANLEY - 5.449% - 07/2 17,837 18,199
MOTOROLA - 4.600% - 02/23/2028 8,929 8,917
MOTOROLA - 5.000% - 04/15/2029 8,916 8,985
MOTOROLA SOLUTIONS INC NOTE - 10,753 10,818
OLIN CORP NOTE CALL - 5.125% - 29,253 29,361
ORACLE CORP - 2.300% - 03/25/2 19,585 20,338
ORACLE CORP NOTE - 6.250% - 11 20,901 21,208
PACIFIC GAS & ELEC CO - 3.000% 40,308 41,221
PACIFIC GAS & ELEC CO - 3.450% 9,737 9,922
PAYPAL HLDGS INC - 2.850% - 10 36,140 36,566
PHILP MORRIS - 5.375% - 02/15/ 29,076 29,063
PNC FINL SVCS - 6.615% - 10/20 37,083 37,086
QORVO INC - 4.350% - 10/15/202 29,589 30,011
QUANTA SVCS INC - 2.350% - 01/ 12,455 12,407
QUANTA SVCS INC - 2.900% - 10/ 16,123 16,970
REYNOLDS AMERICAN - 4.450% - 0 1,975 1,994
RTX CORP NOTE - 6.000% - 03/15 8,475 8,398
SBA COMMUNICATIONS CORP SER B 35,944 35,471
SERVICE CORP - 5.750% - 10/15/ 10,000 9,700
SERVICE CORP INTL - 5.125% - 0 13,265 13,545
SERVICE CORPORATION INTERNATIO 14,945 15,149
SOUTHERN CALIFORNIA EDISON CO 20,071 20,005
STEEL DYNAMICS INC - 0.000% - 8,086 8,117
STEEL DYNAMICS INC - 3.450% - 10,945 11,125
STEEL DYNAMICS INC NOTE - 2.40 10,418 10,870
T MOBILE USA INC - 5.750% - 01 49,539 49,227
TELEDYNE FLIR LLC - 2.500% - 0 18,246 18,348
TELEDYNE TECHNOLOGIES INC - 2. 11,202 11,290
TENET HEALTHCARE CORP SER B NO 27,461 27,948
THERMO FISHER - 5.200% - 01/31 22,695 22,071
TOTAL SYSTEMS SERVICES - 4.800 6,945 6,983
TOYOTA MOTOR CREDIT COMPANY - 18,102 18,126
TRANSDIGM INC SER B NOTE - 5.5 13,580 13,757
TRIMBLE - 4.900% - 06/15/2028 10,581 10,989
TRIMBLE INC NOTE - 6.100% - 03 17,571 17,657
TRUST FINL CORP - 6.047% - 06/ 17,918 18,298
UNITED RENTALS NORTH AMER INC 19,910 20,025
UNITED RENTALS NORTHAMER INC - 17,329 17,518
UNITED STATES TREAS - 0.000% - 197,749 195,705
UNITED STATES TREASURY - 0.000 161,087 156,363
UNITEDHEALTH GROUP INC - 4.250 17,398 17,637
US BANCORP - 5.775% - 06/12/20 36,635 36,819
VERIZON COMMS - 4.329% - 09/21 22,406 22,568
VERIZON COMMUNICATIONS INC - 2 6,771 6,894
WABTEC NOTE - 5.611% - 03/11/2 7,208 7,093
WELLS FARGO & CO SER W MTN - 5 17,866 18,278
WERNERMEDIA HOLDING - 4.279% - 7,029 7,052
WESTINGHOUSE AIR BRAKE TECHNOL 22,254 22,777
WILLIS NORTH AMER - 2.950% - 0 1,782 1,819
WILLIS NORTH AMER - 5.350% - 0 7,009 6,956
WILLIS NORTH AMER INC - 4.650% 10,688 10,973
WILLIS NORTH AMER INC NOTE - 4 9,699 9,817
YUM BRANDS INC NOTE - 5.375% - 10,849 10,653
ZIMMER BIOMET HLDGS - 3.550% - 21,471 21,937

TY 2024 InvestmentsCorpStockSchedule
Name:
The Frank De Angeli Family Foundation
EIN:
88-3770360
Name of Stock End of Year Book Value End of Year Fair Market Value
3M CO 25,023 30,336
ABBOTT LABS 63,709 69,110
ABBVIE INC 56,144 61,484
ACCENTURE PLC 32,492 35,883
ADOBE SYSTEMS, INC 32,792 27,125
ADVANCED MICRO DEVICES INC 33,013 26,936
ALIBABA GROUP HOLDING LTD 3,368 3,816
ALLEGION PLC 6,209 6,926
ALLIANCEBERNSTEIN SELECT US LO 230,281 243,804
ALLSTATE CORP 26,525 27,183
ALLSTATE CORPORATION PFD 7.37 7,802 7,613
ALLSTATE PFD SER H 9,255 8,905
ALPHABET INC CL A 95,146 117,366
ALPHABET INC CL C 13,480 16,759
AMAZON COM 152,613 202,496
AMERICAN EXPRESS CO 62,221 83,398
AMERICAN TOWER REIT INC 23,090 21,459
AMERIPRISE FINANCIAL INC 15,481 20,232
ANALOG DEVICES INC 39,848 41,855
APPLE INC 118,917 155,761
ASML HOLDING NV NY REG SHS 35,395 27,723
ASPEN TECHNOLOGY INC COM 6,966 8,987
ASTRAZENECA 26,303 24,898
AT & T INC 5.000% PFD SER A 2,627 2,441
AT&T DEPO SHA REP 1000 PREFERR 13,140 13,200
ATHENE HLDG DS LTD PFD SER A 3,851 3,825
ATHENE HLDG LTD 5.625% PFD SER 1,325 1,191
ATHENE HOLDING 1000 DEPOSITARY 3,955 3,959
ATHENE HOLDING DS REPRESENTING 3,915 3,733
AUTODESK, INC 12,756 15,961
AUTOMATIC DATA PROCESSING INC 42,539 51,813
BAC CAPITAL TR X - 6.250% - 03 20,632 20,874
BANK AMER DS PFD SER KK 8,164 8,003
BANK NEW YORK MELLON CORP COM 21,681 21,512
BANK OF AMER CORP 4.125% PREFE 5,572 5,475
BANK OF AMERICA CORP COM EQUIV 5,622 5,512
BANK OF AMERICA CORP PFD 3,559 3,587
BANK OF AMERICA CORP PREFERRED 6,326 6,194
BANK OF NOVA SCOTIA T-GEARS RL 150,001 140,100
BENTLEY SYSTEMS INC CL B 12,075 10,928
BERKLEY W R CP 8,833 10,007
BJ'S WHLSL CLUB INC 5,786 6,433
BLACKROCK INC 40,212 52,281
BLOCK INC 4,556 5,779
BNP PARIBAS BA-S SPX 03/20/202 100,000 104,200
BOEING CO 26,525 24,603
BOSTON SCIENTIFIC 20,169 28,314
BRIGHT HORIZONS FAMILY SOLUTIO 5,784 6,429
BRIGHTHOUSE FINL INC 2,015 1,949
BRIGHTHOUSE FN IN 5.375% 4,855 4,769
BROADCOM INC 166,629 279,598
CAPITAL ONE FINCL CORP 5.000% 8,619 8,255
CAPITAL ONE FINL DRC PFD SER L 5,777 5,692
CAPITAL ONE FINL DS REPRESENTI 9,048 8,752
CHARLES RIV LABORATORIES INTL 7,991 6,830
CHEMED CORP 6,469 5,828
CHIPOTLE MEX GRILL 28,449 30,391
CHOICE HOTELS INTERNATIONAL IN 6,897 8,235
CHUBB LIMITED 33,582 38,129
CITIZENS FINANCIAL GROUP, 7.37 5,170 5,148
CME GROUP, INC 13,501 15,327
CMS ENERGY CORPORATION 2,647 2,468
CONOCOPHILLIPS 21,402 18,148
COOPER COMPANIES INC 10,011 10,112
DEERE CO 2,694 2,966
DUKE ENERGY DRC 13,555 13,214
EATON CORP PLC 16,538 14,602
ELI LILLY & CO 58,053 61,760
EMERSON ELECTRIC CO 15,112 17,226
EQUIFAX INC 8,039 8,920
EQUITABLE HLDGS DRC 4,840 4,736
EQUITABLE HOLDINGS INC PFD SER 5,000 4,644
EQUITY RESIDENTIAL PPTYS TR 24,835 25,618
EXPEDITORS INTL WASH INC 6,440 5,871
EXPONENT, INC 5,103 5,435
EXXON MOBIL CORP 77,009 75,622
FACTSET RESH SYST INC 6,237 6,724
FAIR ISSAC & CO INC 2,905 3,982
FEDEX CORPORATION 6,047 6,189
FITB - 6.625% - PFD SER 1 13,356 13,141
GOLDMAN SACHS ABSOLUTE RETURN 193,408 200,581
GOLDMAN SACHS GROUP 31,166 44,664
GS FINANCE BA-GEARS RTY 03/31/ 100,000 105,900
GS FINANCE CORP BA-GEARS SPX 0 100,000 102,300
HENRY JACK & ASSOC INC 7,419 8,064
HOME DEPOT INC 78,223 87,912
HUNTINGTON BANCSHARES, SERIES 3,361 3,533
HUNTINGTON BNCSH.A 8.5% CV PFD 4,543 4,395
ILLUMINA INC COM 4,308 5,345
INTERACTIVE BROKERS GROUP, INC 7,105 12,544
INTUIT 26,858 27,654
INTUITIVE SURGICAL 28,989 41,757
JOHNSON & JOHNSON 84,611 77,806
JP MORGAN CHASE 92,274 119,376
JP MORGAN CHASE & CO PFD SER D 13,208 13,491
JPMORGAN CHASE & CO 4.550% PFD 16,483 16,315
JPMORGAN CHASE & CO 6 DEP NCM 19,625 19,818
JPMORGAN CHASE 4.625% PFD SER 18,381 18,226
JPMORGAN CHASE FINANCIAL TA-GE 100,000 97,000
JPMORGAN PFD SER MM 04.200% PE 7,492 7,254
KEYCORP 6.125% DEP PFD SERIES 5,930 6,555
KEYCORP DEPOSITORY SHARES 5,907 6,336
KEYCORP PFD SER G DRC 1,548 1,663
KLA TENCOR CORP 15,334 15,123
LENNOX INTL INC 11,274 14,623
LINDE PLC COM 78,420 74,942
LOCKHEED MARTIN CORP 22,421 22,839
LPL FINANCIAL HOLDINGS INC 9,209 12,081
M&T BANK - 5.625% - PFD SER H 4,865 4,992
M&T BANK CORP PREFERRED J 7.5% 6,383 6,336
MARSH AND MCLENNAN COMPANIES I 31,407 31,649
MASTERCARD INC 42,947 50,024
MCDONALD'S CORP 57,831 60,587
MERCK & CO INC 29,993 23,179
META PLATFORMS INC 118,107 161,601
METLIFE INC 5.62500% PFD 12,713 12,359
METLIFE INC PFD SER F 5,054 4,731
MICROSOFT CORP 430,376 443,839
MONSTER BEVERAGE CORP 13,147 12,720
MORGAN STANLEY 65,166 87,627
MORGAN STANLEY - 6.375% PFD CL 19,375 19,377
MORGAN STANLEY 4.250% DP PFD 2,545 2,356
MORGAN STANLEY 6.5% DP SH PFD 4,742 4,604
MORGAN STANLEY 6.625 PFD SER Q 3,153 2,943
MORGAN STANLEY PFD K 10,389 10,223
MORGAN STANLEY PFD SER A 2,607 2,618
MORGAN STANLEY PFD SER E - 7.1 19,753 19,578
MORGAN STANLEY PFD SER F - 6.8 17,734 17,583
NETFLIX INC 21,492 33,870
NEXTERA ENERGY, INC 39,020 43,157
NIKE INC-CL B 4,923 4,919
NORDSON CP 9,130 7,951
NORFOLK SOUTHERN CORP 28,853 29,572
NORTHERN TRUST CORP NON-CUM SE 1,328 1,167
NOVARTIS AG ADR 5,320 5,255
NOVO NORDISK A S 12,106 9,290
NVIDIA CORP 173,800 219,966
O'REILLY AUTOMOTIVE INC 22,739 24,902
OLLIES BARGAIN OUTLET HOLDINGS 5,272 6,364
ORACLE CORP 121,426 145,977
PALO ALTO NETWORKS INC 22,921 27,658
PARKER HANNIFIN CP 20,777 25,441
PAYPAL HOLDINGS, INC 3,727 5,292
PHILLIPS 66 35,114 29,166
POOL CORP 10,032 9,546
PROCTER GAMBLE CO 71,405 75,107
PROGRESSIVE CORP OHIO 29,933 33,066
PROLOGIS 71,492 62,574
PUBLIC STORAGE DEP 3,722 3,494
PUBLIC STORAGE PFD SER A 6.125 3,379 3,132
PUBLIC STORAGE PRFD 'H' 5,223 4,883
QUALCOMM INC 8,167 7,988
RAYTHEON TECHNOLOGIES CORP 36,700 40,733
REGENERON PHARMACEUTICALS INC 12,249 9,973
REGIONS FINANCIAL CORP DEP PF 11,461 11,782
REGIONS FINANCIAL CORP SER F 6 2,415 2,414
REGIONS FINANCIAL SER C 2,409 2,618
REPUBLIC SVCS INC 13,311 14,686
ROCHE HOLDING LTD ADR 4,064 4,255
ROLLINS INC 7,705 8,019
S&P GLOBAL INC COM 13,875 16,435
SAIA, INC 7,543 7,292
SALESFORCE.COM 43,717 56,502
SCHWAB CHARLES NEW 40 DS REPST 2,559 2,380
SCOTTS CO. CLASS A 4,587 4,776
SEI INVESTMENTS 5,137 6,681
SEMPRA ENERGY COM 21,227 20,263
SHERWIN-WILLIAMS CO 25,758 28,214
SHOPIFY INC 9,225 14,036
SITEONE LANDSCAPE SUPPLY INC 6,026 5,403
SPDR BARCLAYS CAPITAL 1-3 MONT 10,183 10,149
STARBUCKS CORP COM 33,339 32,941
STATE STREET 5.35% - CLASS B 3,207 3,101
SYFPRB 2,463 2,551
SYSCO CORP 20,826 20,950
TAIWAN SEMICONDUCTOR MFG CO LT 55,190 78,009
TELEDYNE TECH INC 6,015 6,962
TERADYNE INC 6,594 6,800
TESLA MOTORS INC 24,004 50,884
TEXAS INSTRUMENTS INC 41,455 38,065
THE COCA-COLA CO 40,468 40,905
THERMO FISHER SCIENTIFIC INC 27,722 26,532
THOR INDS INC 7,990 7,657
TJX COMPANIES INC 82,006 96,648
TRANE TECHNOLOGIES PLC 27,493 33,980
TRANSDIGM GRP INC 23,033 24,078
TRAVELERS COMPANIES INC 14,727 16,381
TRUIST FIN PFD SER R 8,009 7,662
TRUIST FINANCIAL CORP PFD SER 1,265 1,180
UNION PACIFIC 62,301 61,571
UNITEDHEALTH GROUP INC 123,108 120,395
UNIVERSAL DISPLAY CORP 8,818 5,848
US BANCORP DEL PREF SERIES O 3,072 2,981
US BANCORP PFD SER B - FLOAT % 3,186 3,219
US BANCORP PFD SER M 3,096 2,951
VERIZON COMMUNICATIONS 14,741 14,156
VERTEX PHARMCTLS INC 14,509 14,497
VISA INC 77,077 91,968
VOYA FINL INC SER B 5.35 5,041 4,925
WAL-MART STORES INC 37,132 55,114
WALT DISNEY HOLDINGS CO 14,048 15,144
WATSCO INC 8,941 9,952
WELLS FARGO & CO 30,451 39,334
WELLS FARGO & CO 4.375% 9,871 9,769
WELLS FARGO & CO 4.700% PFD SE 12,622 12,394
WELLS FARGO & COM 4.25 SER-DD 8,359 8,185
WELLS FARGO COMPANY PREFERRED 16,038 16,096
WORKDAY INC 4,600 4,903
YUM BRANDS INC 23,946 24,283
YUM CHINA HOLDINGS INC 1,769 2,119
ZEBRA TECHNOLOGIES CORP 7,230 10,428
ZURN WATER SOLUTIONS 7,240 8,915

TY 2024 InvestmentsOtherSchedule2
Name:
The Frank De Angeli Family Foundation
EIN:
88-3770360
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
BLACKSTONE PRIVATE CREDIT FUND   280,087 276,892

TY 2024 OtherExpensesSchedule
Name:
The Frank De Angeli Family Foundation
EIN:
88-3770360
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 24,213     24,213
Bank Charges 57 57    
Postage/Delivery Service 44     44
State or Local Filing Fees 25     25


TY 2024 OtherProfessionalFeesSchedule
Name:
The Frank De Angeli Family Foundation
EIN:
88-3770360
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Services 61,102 61,102    


TY 2024 TaxesSchedule
Name:
The Frank De Angeli Family Foundation
EIN:
88-3770360
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF Estimated Tax for 2024 600      
990-PF Excise Tax for 2023 580      
Foreign Tax Paid 244 244