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 12-01-2024 , and ending 11-30-2025
Name of foundation
HFO FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1650 Market Street 1200
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PHILADELPHIA, PA19103
A Employer identification number

23-6870251
B Telephone number (see instructions)

(215) 575-7095
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$177,485,415J 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) 11,399,300
2 Check right arrow.............
3 Interest on savings and temporary cash investments 716 716  
4 Dividends and interest from securities... 2,554,665 2,554,665  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 7,958,094
b Gross sales price for all assets on line 6a 33,583,356
7 Capital gain net income (from Part IV, line 2)... 7,958,094
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........ 21,912,775 10,513,475  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
106,012 30,827   75,185
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
9,747 0   9,747
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
514,537 426,852   87,685
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
92 92   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 630,388 457,771   172,617
25 Contributions, gifts, grants paid....... 9,080,875 9,080,875
26 Total expenses and disbursements. Add lines 24 and 25 9,711,263 457,771   9,253,492
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 12,201,512
b Net investment income (if negative, enter -0-) 10,055,704
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......... 6,557,386 8,953,584 8,953,584
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
122,993,984 		Click to see attachment
List of Attached Documents:
// Content
131,589,390 		Click to see attachment
List of Attached Documents:
// Content
168,531,831
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 129,551,370 140,542,974 177,485,415
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........ 129,551,370 140,542,974
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 129,551,370 140,542,974
30 Total liabilities and net assets/fund balances (see instructions). 129,551,370 140,542,974
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
129,551,370
2
Enter amount from Part I, line 27a .....................
2
12,201,512
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
5,854
4
Add lines 1, 2, and 3 ..........................
4
141,758,736
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
1,215,762
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
140,542,974
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 425 SHARES NOVO NORDISK A S ADR P 2023-10-08 2025-06-09
b 2,300 SHARES FIRST SOLAR INC COM P 2024-05-13 2024-12-31
c $250,000 UNITED STATES TREAS 12/24/24 P 2024-09-20 2024-12-24
d 6,000 SHARES NEXTERA ENERGY INC C P 2024-05-13 2025-01-17
e 850 SHARES STERIS PLC REGISTERE P 2022-01-21 2025-01-17
7,750 SHARES ALPHABET INC CAP STK P 2023-10-08 2025-01-21
80 SHARES THERMO FISHER SCIENT OM P 2021-01-21 2025-05-12
3,600 SHARES THERMO FISHER SCIENT OM P 2023-10-08 2025-05-12
400 SHARES THERMO FISHER SCIENT OM P 2023-10-08 2025-05-12
697 SHARES EXXON MOBIL CORP COM P 2021-01-21 2025-06-13
2,091 SHARES EXXON MOBIL CORP COM P 2022-01-24 2025-06-13
7,308 SHARES EXXON MOBIL CORP COM P 2023-10-08 2025-06-13
1,050 UNITEDHEALTH GROUP I P 2025-01-21 2025-07-31
550 UNITEDHEALTH GROUP I P 2023-10-26 2025-07-31
20,000 SHARES BLOOM ENERGY CORP CL P 2025-07-21 2025-10-01
1,900 SHARES CHART INDS INC COM P 2025-01-21 2025-10-20
1,250 SHARES CHART INDS INC COM P 2022-08-12 2025-10-20
250 SHARES CHART INDS INC COM P 2023-06-15 2025-10-20
600 SHARES CHART INDS INC COM P 2023-10-31 2025-10-20
500 SHARES ROPER TECHNOLOGIES P 2023-09-08 2025-10-20
300 SHARES ROPER TECHNOLOGIES P 2023-11-10 2025-10-20
46 SHARES UNITEDHEALTH GROUP INC P 2024-08-29 2025-05-15
0.75 SHARES SOISTICE ADVANCED MATERIALS INC P 2025-09-02 2025-11-10
35 SHARES S&P GLOBAL INC P 2023-10-08 2025-04-10
140 SHARES S&P GLOBAL INC P 2023-10-08 2025-04-10
5 SHARES S&P GLOBAL INC P 2021-04-13 2025-04-10
54 SHARES S&P GLOBAL INC P 2022-04-25 2025-04-10
4 SHARES S&P GLOBAL INC P 2021-06-10 2025-04-10
3 SHARES S&P GLOBAL INC P 2021-05-07 2025-04-10
15 SHARES S&P GLOBAL INC P 2022-01-28 2025-04-10
15 SHARES S&P GLOBAL INC P 2021-06-21 2025-04-10
53 SHARES S&P GLOBAL INC P 2024-01-02 2025-04-10
16 SHARES S&P GLOBAL INC P 2021-08-16 2025-04-10
8 SHARES S&P GLOBAL INC P 2021-09-09 2025-04-10
268 SHARES COSTCO WHSL CORP NEW P 2023-10-08 2025-05-12
20 SHARES COSTCO WHSL CORP NEW P 2024-04-23 2025-05-12
10 SHARES COSTCO WHSL CORP NEW P 2024-03-13 2025-05-12
632 SHARES KIA CORP P 2023-10-08 2025-05-12
522 SHARES MASTERCARD INC CLASS A P 2023-10-08 2025-05-12
1,116 SHARES WASTE MANAGEMENT INC P 2023-10-08 2025-05-12
3,092 SHARES ZOETIS INC P 2023-10-08 2025-05-12
1,320 SHARES LINDE PLC P 2023-10-08 2025-05-12
15 SHARES UNITEDHEALTH GROUP INC P 2024-03-13 2025-05-15
100 SHARES UNITEDHEALTH GROUP INC P 2023-10-08 2025-05-15
164 SHARES UNITEDHEALTH GROUP INC P 2023-10-08 2025-05-15
175 SHARES UNITEDHEALTH GROUP INC P 2024-01-02 2025-05-15
163 SHARES MASTERCARD INC CLASS A P 2023-10-08 2025-07-08
745 SHARES APPLE INC COM P 2024-01-02 2025-08-08
23 SHARES MCKESSON CORP P 2023-10-08 2025-08-12
100 SHARES MCKESSON CORP P 2024-01-02 2025-08-12
15 SHARES MCKESSON CORP P 2024-03-13 2025-08-12
2,400 SHARES ALPHABET INC P 2024-07-12 2025-08-14
3,034 SHARES ORACLE CORP COM P 2023-10-08 2025-08-14
1,626 SHARES ALPHABET INC P 2023-10-08 2025-09-02
33 SHARES ALPHABET INC P 2022-03-23 2025-09-02
935 SHARES BERKSHIRE HATHAWAY CLASS B P 2023-10-08 2025-09-02
69 SHARES BERKSHIRE HATHAWAY CLASS B P 2023-09-26 2025-09-02
46 SHARES CVS HEALTH CORP P 2024-04-23 2025-09-02
200 SHARES CVS HEALTH CORP P 2024-03-13 2025-09-02
200 SHARES CVS HEALTH CORP P 2023-12-26 2025-09-02
237 SHARES COSTCO WHSL CORP NEW P 2023-10-08 2025-09-02
86 SHARES COSTCO WHSL CORP NEW P 2023-12-26 2025-09-02
363 SHARES KIA CORP P 2023-10-08 2025-09-02
606 SHARES MASTERCARD INC CLASS A P 2023-10-08 2025-09-02
1,116 SHARES ORACLE CORP COM P 2023-10-08 2025-09-02
417 SHARES TEXAS INSTRS INC COM P 2023-12-26 2025-09-02
68 SHARES TEXAS INSTRS INC COM P 2023-11-11 2025-09-02
2,003 SHARES ZOETIS INC P 2023-10-08 2025-09-02
1,414 SHARES LINDE PLC P 2023-10-08 2025-09-02
1,719 SHARES ORACLE CORP COM P 2023-10-08 2025-09-08
1,233 SHARES ORACLE CORP COM P 2023-10-08 2025-09-11
19,011.407 SHARES BBH LIMITED DURATION FUND CL I P 2024-10-02 2025-10-27
19 SHARES ARTHUR J GALLAGHER & CO P 2024-06-26 2025-01-13
5 SHARES COSCO WHOLESALE CORP P 2024-06-26 2025-01-16
114 SHARES ASPEN TECHNOLOGY INC COM P 2024-05-08 2025-03-13
202 SHARES ASPEN TECHNOLOGY INC COM P 2024-10-02 2025-03-13
138 SHARES TORO CO COM STK P 2024-05-08 2025-04-22
17 SHARES TORO CO COM STK P 2024-05-08 2025-04-28
207 SHARES TORO CO COM STK P 2024-10-02 2025-04-28
55 SHARES TORO CO COM STK P 2024-05-31 2025-04-29
152 SHARES TORO CO COM STK P 2024-10-02 2025-04-29
54 SHARES ALCON INC COM STK P 2024-06-26 2025-05-20
2 SHARES ALPHABET INC CL C P 2024-06-26 2025-06-05
382 SHARES PEPSICO INC P 2025-03-28 2025-06-11
15 SHARES LINDE PLC P 2024-06-26 2025-06-25
7 SHARES WASTE MANAGEMENT INC P 2024-06-26 2025-06-26
475 SHARES BRUKER CORP COM STK P 2024-10-02 2025-08-07
74 SHARES BRIGHT HORIZONS FAMILY SOLUT COM STK P 2024-10-02 2025-08-07
82 SHARES BRIGHT HORIZONS FAMILY SOLUT COM STK P 2024-10-02 2025-08-08
309 SHARES BRUKER CORP COM STK P 2024-10-02 2025-08-08
665 SHARES BRUKER CORP COM STK P 2024-10-22 2025-08-08
470 SHARES BRUKER CORP COM STK P 2024-10-22 2025-08-11
997 SHARES BRUKER CORP COM STK P 2024-10-23 2025-08-11
101 SHARES BRIGHT HORIZONS FAMILY SOLUT COM STK P 2024-10-02 2025-08-11
223 SHARES GLOBANT SA COM STK P 2024-10-02 2025-09-09
30 SHARES GLOBANT SA COM STK P 2024-10-02 2025-09-10
193 SHARES GLOBANT SA COM STK P 2024-10-04 2025-09-10
223 SHARES GLOBANT SA COM STK P 2024-10-04 2025-09-11
223 SHARES GLOBANT SA COM STK P 2024-10-04 2025-09-12
55 SHARES GLOBANT SA COM STK P 2024-10-04 2025-09-15
103 SHARES GLOBANT SA COM STK P 2025-04-03 2025-09-15
1 SHARES GLOBANT SA COM STK P 2025-04-22 2025-09-15
215 SHARES GLOBANT SA COM STK P 2025-04-22 2025-09-16
83 SHARES GLOBANT SA COM STK P 2025-05-30 2025-09-16
19,029.496 SHARES BBH LIMITED DURATION FUND CL I P 2025-10-02 2025-11-25
356 SHARES PROGRESSIVE CORP OHIO P 2023-10-08 2025-01-13
6,197 SHARES ARTHUR J GALLAGHER & CO P 2023-10-08 2025-01-13
512 SHARES ARTHUR J GALLAGHER & CO P 2023-10-08 2025-01-14
621 SHARES PROGRESSIVE CORP OHIO P 2023-10-08 2025-01-14
501 SHARES ARTHUR J GALLAGHER & CO P 2023-10-08 2025-01-15
605 SHARES PROGRESSIVE CORP OHIO P 2023-10-08 2025-01-15
10 SHARES COSTCO WHSL CORP NEW P 2022-04-25 2025-01-16
855 SHARES COSTCO WHSL CORP NEW P 2023-10-08 2025-01-16
143 SHARES PROGRESSIVE CORP OHIO P 2023-10-08 2025-03-10
3,009.574 SHARES AKRE FOCUS FUND SUPRA INST P 2015-09-15 2025-03-28
2,050.301 SHARES AKRE FOCUS FUND SUPRA INST P 2019-01-17 2025-03-28
682.163 SHARES AKRE FOCUS FUND SUPRA INST P 2019-03-04 2025-03-28
593.12 SHARES AKRE FOCUS FUND SUPRA INST P 2019-06-03 2025-03-28
596.158 SHARES AKRE FOCUS FUND SUPRA INST P 2019-07-16 2025-03-28
308.316 SHARES AKRE FOCUS FUND SUPRA INST P 2019-09-17 2025-03-28
1,160.499 SHARES AKRE FOCUS FUND SUPRA INST P 2019-12-24 2025-03-28
1,553.834 SHARES AKRE FOCUS FUND SUPRA INST P 2020-11-30 2025-03-28
46 SHARES BERKSHIRE HATHAWAY INC CL B P 2023-10-08 2025-04-17
167 SHARES UNITEDHEALTH GROUP INC P 2023-11-01 2025-05-15
116 SHARES UNITEDHEALTH GROUP INC P 2023-11-01 2025-05-15
382 SHARES ALCON INC COM STK P 2022-04-25 2025-05-20
778 SHARES ALCON INC COM STK P 2023-10-08 2025-05-20
397 SHARES ALCON INC COM STK P 2023-12-26 2025-05-20
3,955 SHARES ALCON INC COM STK P 1930-10-08 2025-05-21
3,531 SHARES ALCON INC COM STK P 2023-10-08 2025-05-22
1,433 SHARES ALCON INC COM STK P 2023-10-08 2025-05-27
34 SHARES ALPHABET INC CL C P 2022-03-23 2025-06-05
7,360 SHARES ALPHABET INC CL C P 2023-10-08 2025-06-05
255 SHARES ALPHABET INC CL C P 2023-12-26 2025-06-05
123 SHARES COSTO WHOLESALE CORP P 2023-10-08 2025-06-09
72 SHARESCOSTO WHOLESALE CORP P 2023-10-08 2025-06-10
129 SHARES COSTO WHOLESALE CORP P 2023-10-08 2025-06-11
2,388 SHARES LINDE PLC P 2023-10-08 2025-06-25
53 SHARES LINDE PLC P 2023-12-26 2025-06-25
157 SHARES LINDE PLC P 2023-10-08 2025-06-26
10,144 SHARES ORACLE CORP P 2023-10-08 2025-07-09
39 SHARES ORACLE CORP P 2024-06-26 2025-07-09
353 SHARES ORACLE CORP P 2023-10-08 2025-07-10
310 SHARES ORACLE CORP P 2023-10-08 2025-07-11
326 SHARES BERKSHIRE HAWATHAY INC CL B P 2023-10-08 2025-07-14
253 SHARES ORACLE CORP P 2023-10-08 2025-07-14
432 SHARES BRUKER CORP COM STK P 2024-05-08 2025-08-07
4 SHARES BRIGHT HORIZONS FAMILY SOLUT COM STK P 2024-05-08 2025-08-11
92 SHARES BRIGHT HORIZONS FAMILY SOLUT COM STK P 2024-05-08 2025-08-12
92 SHARES BRIGHT HORIZONS FAMILY SOLUT COM STK P 2024-05-08 2025-08-13
72 SHARES AMAZON COM INC P 2020-08-06 2025-08-21
20 SHARES AMAZON COM INC P 2020-09-04 2025-08-21
20 SHARES AMAZON COM INC P 2020-09-17 2025-08-21
70 SHARES AMAZON COM INC P 2020-09-23 2025-08-21
120 SHARES AMAZON COM INC P 2020-11-02 2025-08-21
20 SHARES AMAZON COM INC P 2021-03-15 2025-08-21
100 SHARES AMAZON COM INC P 2022-01-28 2025-08-21
280 SHARES AMAZON COM INC P 2022-04-25 2025-08-21
24 SHARES AMAZON COM INC P 2023-10-08 2025-08-21
165 SHARES AMAZON COM INC P 2023-12-26 2025-08-21
23 SHARES AMAZON COM INC P 2024-06-26 2025-08-21
117 SHARES GLOBANT SA COM STK P 2024-05-08 2025-09-15
22 SHARES GLOBANT SA COM STK P 2024-05-20 2025-09-15
18 SHARES ICON OLC COM STK P 2024-05-08 2025-10-01
118 SHARES ICON OLC COM STK P 2024-08-19 2025-10-01
13,461.943 SHARES CLARKSTON FOUNDERS FUND P 2020-11-25 2025-10-02
8,608.321 SHARES CLARKSTON FOUNDERS FUND P 2020-11-30 2025-10-02
3,448.276ARES CLARKSTON FOUNDERS FUND P 2020-12-29 2025-10-02
7,687.166 SHARES CLARKSTON FOUNDERS FUND P 2021-02-01 2025-10-02
20,262.848 SHARES CLARKSTON FOUNDERS FUND P 2021-08-16 2025-10-02
17,605.634 SHARES CLARKSTON FOUNDERS FUND P 2021-09-09 2025-10-02
25,303.644 SHARES CLARKSTON FOUNDERS FUND P 2022-02-17 2025-10-02
19,460.993 SHARES CLARKSTON FOUNDERS FUND P 2023-10-08 2025-10-02
123 SHARES BERKSHIRE HATHAWAY INC CL B P 2023-10-08 2025-10-03
166 SHARES ORACLE CORP P 2023-10-08 2025-10-09
268 SHARES ORACLE CORP P 2023-10-08 2025-10-10
1 SHARE NVR INC COM STK P 2024-05-08 2025-10-10
3 SHARES NVR INC COM STK P 2024-10-02 2025-10-10
1,531 SHARES KLA CORP P 2023-10-08 2025-10-13
48 SHARES KLA CORP P 2023-12-26 2025-10-13
9 SHARES KLA CORP P 2024-06-26 2025-10-13
947 SHARES ALPHABET INC CL C P 2023-10-08 2025-10-13
1 SHARE NVR INC COM STK P 2024-05-08 2025-10-13
62 SHARES KLA CORP P 2023-10-08 2025-10-16
76 SHARES KLA CORP P 2023-10-08 2025-10-20
287 SHARES ALPHABET INC CL C P 2023-10-08 2025-10-20
246 SHARES ADOBE INC P 2023-10-08 2025-11-04
122SHARES ADOBE INC P 2023-10-08 2025-11-04
47 SHARES ADOBE INC P 2023-12-26 2025-11-04
51 SHARES ADOBE INC P 2024-06-14 2025-11-04
101 SHARES ADOBE INC P 2024-06-14 2025-11-04
11 SHARES ADOBE INC P 2024-06-18 2025-11-04
9 SHARES ADOBE INC P 2024-06-18 2025-11-04
5 SHARES ADOBE INC P 2024-06-26 2025-11-04
22 SHARES ADOBE INC P 2024-08-14 2025-11-04
3 SHARES ADOBE INC P 2024-08-30 2025-11-04
76 SHARES KLA CORP P 2023-10-08 2025-11-18
CASH IN LIEU OF SOLSTICE ADVANCED P 2025-09-02 2025-11-04
CLASS ACTION PROCEEDS CITIBANK ADR P   2025-01-13
CLASS ACTION PROCEEDS PERRIGO CO P   2025-10-07
Capital Gains Dividends P    
(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 31,523   38,858 -7,335
b 413,135   446,157 -33,022
c 247,094   247,094 0
d 425,364   445,878 -20,514
e 178,195   193,156 -14,961
1,556,375   1,067,175 489,200
34,207   41,461 -7,254
1,539,304   1,784,952 -245,648
171,034   198,328 -27,294
77,309   38,237 39,072
231,927   183,392 48,535
810,580   744,703 65,877
265,294   547,036 -281,742
138,964   290,860 -151,896
1,706,620   516,094 1,190,526
379,624   407,661 -28,037
249,753   254,092 -4,339
49,951   37,137 12,814
119,881   70,923 48,958
252,414   247,085 5,329
151,448   154,605 -3,157
12,571   27,169 -14,598
35   39 -4
15,989   12,713 3,276
63,954   50,850 13,104
2,284   1,861 423
24,668   20,508 4,160
1,827   1,541 286
1,370   1,170 200
6,852   5,968 884
6,852   5,972 880
24,211   23,106 1,105
7,309   7,065 244
3,655   3,636 19
270,257   148,694 121,563
20,168   14,455 5,713
10,084   7,334 2,750
477,696   291,952 185,744
299,438   206,521 92,917
250,110   173,340 76,770
501,370   536,841 -35,471
597,910   490,238 107,672
4,099   7,400 -3,301
27,329   52,245 -24,916
44,819   85,682 -40,863
47,826   94,233 -46,407
91,934   64,489 27,445
165,900   137,957 27,943
15,176   10,282 4,894
65,982   47,203 18,779
9,897   7,911 1,986
487,782   443,465 44,317
741,473   332,663 408,810
343,876   223,979 119,897
6,979   4,580 2,399
467,531   322,453 145,078
34,502   24,966 9,536
3,396   3,191 205
14,765   15,141 -376
14,765   15,784 -1,019
222,346   131,495 90,851
80,683   57,950 22,733
306,356   167,688 138,668
358,678   239,755 118,923
250,466   122,364 128,102
83,075   70,919 12,156
13,547   12,120 1,427
305,645   347,766 -42,121
670,472   525,149 145,323
411,435   188,480 222,955
382,862   135,192 247,670
200,000   198,479 1,521
5,449   4,813 636
4,634   4,297 337
30,210   23,156 7,054
53,530   47,318 6,212
9,185   12,110 -2,925
1,162   1,492 -330
14,146   17,959 -3,813
3,769   4,402 -633
10,416   13,187 -2,771
4,760   4,832 -72
341   370 -29
49,660   56,490 -6,830
6,914   6,576 338
1,587   1,487 100
14,687   32,036 -17,349
8,875   10,256 -1,381
9,825   11,364 -1,539
9,407   20,840 -11,433
20,246   40,244 -19,998
14,354   28,443 -14,089
30,449   59,712 -29,263
11,963   13,997 -2,034
13,397   44,230 -30,833
1,724   5,950 -4,226
11,091   37,641 -26,550
12,951   43,492 -30,541
12,665   43,492 -30,827
3,043   10,727 -7,684
5,698   10,839 -5,141
55   105 -50
12,047   22,557 -10,510
4,651   8,166 -3,515
200,000   200,000 0
83,128   50,835 32,293
1,777,098   1,433,637 343,461
147,143   118,448 28,695
147,090   88,676 58,414
144,969   115,903 29,066
145,621   86,391 59,230
9,268   5,672 3,596
792,423   474,380 318,043
40,038   20,420 19,618
207,330   69,160 138,170
141,245   75,000 66,245
46,994   27,000 19,994
40,860   25,000 15,860
41,069   27,000 14,069
21,240   14,189 7,051
79,947   53,000 26,947
107,044   83,519 23,525
24,016   15,864 8,152
45,100   88,367 -43,267
31,327   61,381 -30,054
33,671   29,364 4,307
68,576   58,593 9,983
34,993   30,827 4,166
350,107   297,861 52,246
304,344   265,928 38,416
124,373   107,923 16,450
5,792   4,719 1,073
1,253,785   1,013,831 239,954
43,440   36,366 7,074
123,805   68,244 55,561
72,158   39,948 32,210
128,428   71,573 56,855
1,100,763   886,885 213,878
24,431   21,749 2,682
72,933   58,309 14,624
2,377,600   1,112,239 1,265,361
9,141   5,446 3,695
83,326   38,705 44,621
72,258   33,990 38,268
155,450   112,428 43,022
58,157   27,740 30,417
13,357   31,918 -18,561
474   454 20
10,875   10,444 431
10,975   10,444 531
15,963   11,654 4,309
4,434   3,225 1,209
4,434   3,006 1,428
15,519   10,747 4,772
26,604   17,966 8,638
4,434   3,059 1,375
22,170   14,058 8,112
62,076   40,415 21,661
5,321   3,037 2,284
36,581   25,296 11,285
5,099   4,461 638
6,473   22,415 -15,942
1,217   3,728 -2,511
3,404   5,606 -2,202
22,316   38,237 -15,921
226,699   189,813 36,886
144,964   120,000 24,964
58,069   50,000 8,069
129,452   115,000 14,452
341,226   324,206 17,020
296,479   275,000 21,479
426,113   375,000 51,113
327,723   266,810 60,913
61,658   42,419 19,239
49,704   18,201 31,503
79,342   29,385 49,957
7,511   7,666 -155
22,533   29,380 -6,847
1,571,935   707,245 864,690
49,283   28,404 20,879
9,241   7,259 1,982
230,356   130,448 99,908
7,579   7,666 -87
67,417   28,641 38,776
87,545   35,108 52,437
73,719   39,534 34,185
82,443   128,544 -46,101
40,886   63,750 -22,864
15,751   28,065 -12,314
17,092   26,793 -9,701
33,849   53,061 -19,212
3,686   5,761 -2,075
3,016   4,714 -1,698
1,676   2,637 -961
7,373   11,828 -4,455
1,005   1,718 -713
85,891   35,108 50,783
11     11
2     2
303     303
84,524     84,524
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       -7,335
b       -33,022
c       0
d       -20,514
e       -14,961
      489,200
      -7,254
      -245,648
      -27,294
      39,072
      48,535
      65,877
      -281,742
      -151,896
      1,190,526
      -28,037
      -4,339
      12,814
      48,958
      5,329
      -3,157
      -14,598
      -4
      3,276
      13,104
      423
      4,160
      286
      200
      884
      880
      1,105
      244
      19
      121,563
      5,713
      2,750
      185,744
      92,917
      76,770
      -35,471
      107,672
      -3,301
      -24,916
      -40,863
      -46,407
      27,445
      27,943
      4,894
      18,779
      1,986
      44,317
      408,810
      119,897
      2,399
      145,078
      9,536
      205
      -376
      -1,019
      90,851
      22,733
      138,668
      118,923
      128,102
      12,156
      1,427
      -42,121
      145,323
      222,955
      247,670
      1,521
      636
      337
      7,054
      6,212
      -2,925
      -330
      -3,813
      -633
      -2,771
      -72
      -29
      -6,830
      338
      100
      -17,349
      -1,381
      -1,539
      -11,433
      -19,998
      -14,089
      -29,263
      -2,034
      -30,833
      -4,226
      -26,550
      -30,541
      -30,827
      -7,684
      -5,141
      -50
      -10,510
      -3,515
      0
      32,293
      343,461
      28,695
      58,414
      29,066
      59,230
      3,596
      318,043
      19,618
      138,170
      66,245
      19,994
      15,860
      14,069
      7,051
      26,947
      23,525
      8,152
      -43,267
      -30,054
      4,307
      9,983
      4,166
      52,246
      38,416
      16,450
      1,073
      239,954
      7,074
      55,561
      32,210
      56,855
      213,878
      2,682
      14,624
      1,265,361
      3,695
      44,621
      38,268
      43,022
      30,417
      -18,561
      20
      431
      531
      4,309
      1,209
      1,428
      4,772
      8,638
      1,375
      8,112
      21,661
      2,284
      11,285
      638
      -15,942
      -2,511
      -2,202
      -15,921
      36,886
      24,964
      8,069
      14,452
      17,020
      21,479
      51,113
      60,913
      19,239
      31,503
      49,957
      -155
      -6,847
      864,690
      20,879
      1,982
      99,908
      -87
      38,776
      52,437
      34,185
      -46,101
      -22,864
      -12,314
      -9,701
      -19,212
      -2,075
      -1,698
      -961
      -4,455
      -713
      50,783
      11
      2
      303
      84,524
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 7,958,094
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) 1 139,774
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........................... 3 139,774
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- ..... 5 139,774
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 80,890
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 198,628
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 279,518
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.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 139,744
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow139,744 Refundedright arrow 11 0
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$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
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 arrowPA
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. Click to see attachment
List of Attached Documents:
// Content
...............................
10
Yes
 
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowBRUCE A ROSENFIELD ESQUIRE Telephone no.right arrow (215) 575-7095

Located atright arrow1650 MARKET STREET SUITE 1200PHILADELPHIAPA ZIP+4right arrow19103
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)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
DEBRA HARMON TRUSTEE
1.00 		0 0 0
C/O BRUCE ROSENFIELD ESQ 1650
MARKET ST SUITE 1200
PHILADELPHIA,PA19103
WENDY HARMON TRUSTEE
1.00 		0 0 0
C/O BRUCE ROSENFIELD ESQ 1650
MARKET ST SUITE 1200
PHILADELPHIA,PA19103
NICOLE ABDO-PAEK TRUSTEE
10.00 		0 0 0
C/O BRUCE ROSENFIELD ESQ 1650
MARKET ST SUITE 1200
PHILADELPHIA,PA19103
DANIEL GIRONDA TRUSTEE
1.00 		0 0 0
C/O BRUCE ROSENFIELD ESQ 1650
MARKET ST SUITE 1200
PHILADELPHIA,PA19103
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...................right arrow 0
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
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
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 arrow0
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
148,621,725
b
Average of monthly cash balances.......................
1b
8,305,089
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
156,926,814
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
156,926,814
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
2,353,902
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
154,572,912
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
7,728,646
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
7,728,646
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
139,774
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
139,774
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
7,588,872
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
7,588,872
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
7,588,872
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
9,253,492
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
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
9,253,492
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 7,588,872
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020...... 1,268,670
c From 2021...... 422,097
d From 2022...... 792,762
e From 2023......  
f Total of lines 3a through e ........ 2,483,529
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 9,253,492
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		Click to see attachment
List of Attached Documents:
// Content
0
d Applied to 2024 distributable amount..... 7,588,872
e Remaining amount distributed out of corpus 1,664,620
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 4,148,149
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 .......... 		0
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 ...... 		4,148,149
10 Analysis of line 9:
a Excess from 2020.... 1,268,670
b Excess from 2021.... 422,097
c Excess from 2022.... 792,762
d Excess from 2023....  
e Excess from 2024.... 1,664,620
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).)
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

ADULT CONGENITAL HEART ASSOCIATION

20 NORTH PROVIDENCE ROAD SUITE 6
MEDIA,PA19063 		  PUBLIC CHARITY GENERAL 100,000

ALLAIRE COMMUNITY FARM

1923 BAILEY CORNER ROAD
WALL TOWNSHIP,NJ07719 		  PUBLIC CHARITY GENERAL 100,000

ALLAIRE COMMUNITY FARM

1923 BAILEY CORNER ROAD
WALL TOWNSHIP,NJ07719 		  PUBLIC CHARITY GENERAL 100,000

ALSAC - ST JUDE

262 DANNY THOMAS PLACE
MEMPHIS,TN38105 		  PUBLIC CHARITY GENERAL 100,000

AMERICAN KIDNEY FUND

11921 ROCKVILLE PIKE
ROCKVILLE,MD20852 		  PUBLIC CHARITY GENERAL 90,000

AMERICAN KIDNEY FUND

11921 ROCKVILLE PIKE SUITE 300
ROCKVILLE,MD20852 		  PUBLIC CHARITY GENERAL 150,000

AS YOU SOW PESTICIDE IN US FOOD SYSTEM

2020 MILVIA ST SUITE 500
BERKELEY,CA94704 		  PUBLIC CHARITY GENERAL 50,000

BABY QUEST FOUNDATION

149 S BARRINGTON AVENUE 112
LOS ANGELES,CA90049 		  PUBLIC CHARITY GENERAL 250,000

BATTLESHIP NEW JERSEY MUSEUM

100 CLINTON STREET
CAMDEN,NJ08103 		  PUBLIC CHARITY GENERAL 45,000

BRIDGE TO TURKIYE SCHOLARSHIP PROGRAM

1609 E FRANKLIN STREET
CHAPEL HILL NC,NC27514 		  PUBLIC CHARITY AMPUTEE PROJECT 100,000

BRIDGE TO TURKIYE SCHOLARSHIP PROGRAM

1609 E FRANKLIN STREET
CHAPEL HILL NC,NC27514 		  PUBLIC CHARITY AMPUTEE CENTER 100,000

BRIDGE TO TURKIYE SCHOLARSHIP PROGRAM

1609 E FRANKLIN STREET
CHAPEL HILL NC,NC27514 		  PUBLIC CHARITY GENERAL 23,300

CENTER FOR FAMILY SERVICES

584 BENSON STREET
CAMDEN,NJ08103 		  PUBLIC CHARITY GENERAL 100,000

CENTER FOR FAMILY SERVICES

584 BENSON STREET
CAMDEN,NJ08103 		  PUBLIC CHARITY GENERAL 100,000

CHOP - CHILDREN HOSPITAL OF PHILADELPHIA

1700 S BROAD STREET
PHILADELPHIA,PA19145 		  PUBLIC CHARITY GENERAL 100,000

COMMUNITY FOOD BANK OF NJ

6735 BLACK HOUSE PIKE
EGG HARBOR TOWNSHIP,NJ08234 		  PUBLIC CHARITY GENERAL 250,000

COMMUNITY FOOD BANK OF NJ

6735 BLACK HOUSE PIKE
EGG HARBOR TOWNSHIP,NJ08234 		  PUBLIC CHARITY GENERAL 250,000

COMMUNITY FOOD BANK OF NJ

6735 BLACK HOUSE PIKE
EGG HARBOR TOWNSHIP,NJ08234 		  PUBLIC CHARITY GENERAL 2,925

COMMUNITY FOOD BANK OF NJ

6735 BLACK HOUSE PIKE
EGG HARBOR TOWNSHIP,NJ08234 		  PUBLIC CHARITY GENERAL 250,000

COUNT BASIE CENTER FOR THE ARTS

90 MONMOUTH STREET
RED BANK,NJ07701 		  PUBLIC CHARITY GENERAL 103,000

DIRECT RELIEF

6100 WALLACE BECKNELL ROAD
SANTA BARBARA,CA93117 		  PUBLIC CHARITY HURRICANE HELENE RECOVERY 50,000

DIRECT RELIEF

6100 WALLACE BECKNELL ROAD
SANTA BARBARA,CA93117 		  PUBLIC CHARITY TEXAS FLOOD RELIEF 100,000

DOGS FOR LIFE

1230 16TH AVENUE
VERO BEACH,FL32960 		  PUBLIC CHARITY GENERAL 25,000

DOGS FOR LIFE

1230 16TH AVENUE
VERO BEACH,FL32960 		  PUBLIC CHARITY GENERAL 50,000

EARTHJUSTICE

1617 JOHN F KENNEDY BLVD OFFICE
C130
PHILADELPHIA,PA19103 		  PUBLIC CHARITY GENERAL 50,000

EDUCATIONAL THEATRE FOUNDATION

1300 AVENUE OF THE AMERICAS SUITE
23A
NEW YORK,NY10019 		  PUBLIC CHARITY GENERAL 50,000

FISHER HOUSE FOUNDATION

12300 TWINBROOKE PARKWAY
ROCKVILLE,MD20852 		  PUBLIC CHARITY GENERAL 100,000

FREEHOLD OPEN DOOR

39 THROCKMORTON ST
FREEHOLD,NJ07728 		  PUBLIC CHARITY GENERAL 50,000

FREEHOLD OPEN DOOR

39 THROCKMORTON ST
FREEHOLD,NJ07728 		  PUBLIC CHARITY GENERAL 100,000

FREEHOLD OPEN DOOR

39 THROCKMORTON ST
FREEHOLD,NJ07728 		  PUBLIC CHARITY GENERAL 100,000

FULFILL COMMUNITY

3300 NJ-66
NEPTUNE,NJ07753 		  PUBLIC CHARITY GENERAL 25,000

FULFILL COMMUNITY

3300 NJ-66
NEPTUNE,NJ07753 		  PUBLIC CHARITY GENERAL 100,000

FULFILL COMMUNITY

3300 NJ-66
NEPTUNE,NJ07753 		  PUBLIC CHARITY GENERAL 100,000

GLOBAL GIVING

1 THOMAS CIRCLE NW SUITE 800
WASHINGTON,DC20005 		  PUBLIC CHARITY CA WILD FIRES IN LA 50,000

GLOBAL GIVING

1 THOMAS CIRCLE NW SUITE 800
WASHINGTON,DC20005 		  PUBLIC CHARITY HURRICANE MELISSA RELIEF 250,000

GRAMERCY BRASS OF NEW YORK INC

PO BOX 2125
NEPTUNE,NJ07754 		  PUBLIC CHARITY GENERAL 25,000

GREEK ORTHODOX ARCHDIOCESE OF AMERICA

8E 79TH STREET
NEW YORK,NY10075 		  PUBLIC CHARITY ANTAKYA CHURCH RENOVATIONS 50,000

GREEK ORTHODOX ARCHDIOCESE OF AMERICA

8E 79TH STREET
NEW YORK,NY10075 		  PUBLIC CHARITY GENERAL 50,000

HOME FOR OUR TROOPS

6 MAIN STREET
TAUNTON,MA02780 		  PUBLIC CHARITY DAN LASKO HOUSE PROJECT 251,650

HOMEFRONT

1880 PRINCETON AVENUE
LAWRENCE TOWNSHIP,NJ08648 		  PUBLIC CHARITY GENERAL 50,000

HOMEWORKS TRENTON

174 NASSAU STREET BOX 196
PRINCETON,NJ08542 		  PUBLIC CHARITY GENERAL 50,000

HUMANE SOCIETY OF VERO BEACH

6230 77TH STREET
VERO BEACH,FL32967 		  PUBLIC CHARITY GENERAL 25,000

HURRICANE MELISSA RELIEF FUND

1 THOMAS CIRCLE NW SUITE 800
WASHINGTON,DC20005 		  PUBLIC CHARITY GENERAL 250,000

HYPEREMESIS EDUCATION AND RESEARCH(HER) FOUNDATION

10117 SE SUNNYSIDE ROAD F8
CLACKAMAS,OR97018 		  PUBLIC CHARITY SUPPORT CRISIS CASE MANAGEMENT PROGRAM 100,000

HYPEREMESIS EDUCATION AND RESEARCH(HER) FOUNDATION

10117 SE SUNNYSIDE ROAD F8
CLACKAMAS,OR97018 		  PUBLIC CHARITY GENERAL 100,000

INDEPENDENCE FUND

200 S BROAD STREET SUITE 1101
PHILADELPHIA,PA19102 		  PUBLIC CHARITY GENERAL 50,000

JOHN HOPKINS UNIVERSITY

3400 N CHARLES STREET
BALTIMORE,MD21218 		  PUBLIC CHARITY ENDOWED SCHOLARSHIP 100,000

JOHN HOPKINS UNIVERSITY

3400 N CHARLES STREET
BALTIMORE,MD21218 		  PUBLIC CHARITY FOR A CAPPELLA PROGRAMS 25,000

LEHIGH UNIVERSITY TRUSTEES OF THE UNIVERSITY

27 MEMORIAL DR W
BETHLEHEM,PA18015 		  PUBLIC CHARITY CB RYANS ROOM 25,000

LEHIGH UNIVERSITY TRUSTEES OF THE UNIVERSITY

27 MEMORIAL DR W
BETHLEHEM,PA18015 		  PUBLIC CHARITY CB LEHIGH ROOM 25,000

LEHIGH UNIVERSITY

27 MEMORIAL DR W
BETHLEHEM,PA18015 		  PUBLIC CHARITY GENERAL 25,000

LEHIGH UNIVERSITY

27 MEMORIAL DR W
BETHLEHEM,PA18015 		  PUBLIC CHARITY HARMON 59 SCHOLARSHIP 500,000

LEHIGH UNIVERSITY

27 MEMORIAL DR W
BETHLEHEM,PA18015 		  PUBLIC CHARITY COMPELLING PERSPECTIVES SPEAKER SERIES 250,000

LEHIGH VALLEY WRESTLING CLUB

54 S COMMERCE WAY 172
BETHLEHEM,PA18017 		  PUBLIC CHARITY ENDOWMENT FUND 50,000

LEHIGH VALLEY WRESTLING CLUB

54 S COMMERCE WAY 172
BETHLEHEM,PA18017 		  PUBLIC CHARITY ANNUAL FUND ATHLETE SUPPORT 150,000

LEWY BODY DEMENTIA ASSOCIATION

912 KILLIAN HILL ROAD SW
LILBURN,GA30047 		  PUBLIC CHARITY GENERAL 50,000

LOS ANGELES FIRE DEPARTMENT FOUNDATION

1700 STADIUM WAY 100
LOS ANGELES,CA90012 		  PUBLIC CHARITY GENERAL 50,000

MAGEE WOMENS RESEARCH INSTITUTE

204 CRAFT STREET
PITTSBURGH,PA15213 		  PUBLIC CHARITY GENERAL 100,000

MAKE A WISH FOUNDATION NEW JERSEY

1384 PERRINEVILLE ROAD
MONROE TOWNSHIP,NJ08831 		  PUBLIC CHARITY GENERAL 200,000

MAKE A WISH FOUNDATION NEW JERSEY

1384 PERRINEVILLE ROAD
MONROE TOWNSHIP,NJ08831 		  PUBLIC CHARITY GENERAL 200,000

MEALS ON WHEELS OF MERCER COUNTY

320 HOLLOWBROOK DRIVE
EWING TOWNSHIP,NJ08638 		  PUBLIC CHARITY GENERAL 50,000

MONMOUTH COUNTY HABITAT FOR HUMANITY

1105 MEMORIAL DRIVE
ASHBURY PARK,NJ07712 		  PUBLIC CHARITY GENERAL 50,000

MOVE FOR HUNGER

7 THIRD AVENUE
NEPTUNE,NJ07753 		  PUBLIC CHARITY GENERAL 50,000

MULTIPLE MYELOMA FOUNDATION

383 MAIN AVENUE
NORWALK,CT06851 		  PUBLIC CHARITY GENERAL 50,000

MULTIPLE MYELOMA FOUNDATION

383 MAIN AVENUE
NORWALK,CT06851 		  PUBLIC CHARITY GENERAL 50,000

NAMI NEW JERSEY

1562 US-130
NORTH BRUNSWICK,NJ08907 		  PUBLIC CHARITY GENERAL 100,000

NATIONAL BRAIN TUMOR SOCIETY

55 CHAPEL STREET SUITE 006
NEWTON,MA02458 		  PUBLIC CHARITY GENERAL 50,000

NATIONAL PARKS CONSERVATION ASSOCIATION

777 6TH STREET NW SUITE 700
WASHINGTON,DC20001 		  PUBLIC CHARITY GENERAL 50,000

NATURAL RESOURCES DEFENSE COUNCIL

1152 15TH STREET NW SUITE 300
WASHINGTON,DC20005 		  PUBLIC CHARITY GENERAL 150,000

NEW JERSEY CHAMBER OF COMMERCE FOUNDATION

216 WEST STREET THIRD FLOOR
TRENTON,NJ08608 		  PUBLIC CHARITY GENERAL 100,000

OCEAN CONSERVANCY FOR GLOBAL GHOST GEAR

1300 19TH STREET NW
WASHINGTON,DC20036 		  PUBLIC CHARITY GENERAL 200,000

PA INNOCENCE PROJECT

1515 MARKET STREET SUITE 300
PHILADELPHIA,PA19102 		  PUBLIC CHARITY GENERAL 50,000

PUPPIES BEHIND BARS

263 WEST 38TH STREET 4TH FLOOR
NEW YORK,NY10018 		  PUBLIC CHARITY GENERAL 25,000

RAINFOREST TRUST

6801 KENNEDY ROAD
WARRENTON,VA20187 		  PUBLIC CHARITY GENERAL 200,000

SECOND HELPINGS

4 NORTHRIDGE DRIVE
HILTON HEAD ISLAND,SC29926 		  PUBLIC CHARITY GENERAL 100,000

SECOND HELPINGS

4 NORTHRIDGE DRIVE
HILTON HEAD ISLAND,SC29926 		  PUBLIC CHARITY GENERAL 200,000

SETTLEMENT MUSIC SCHOOL

PO BOX 63966
PHILADELPHIA,PA19147 		  PUBLIC CHARITY GENERAL 75,000

SHARING NETWORK FOUNDATION

691 CENTRAL AVENUE
NEW PROVIDENCE,NJ07974 		  PUBLIC CHARITY NJ SHARING NETWORK HIGH SCHOOL AND COLLEGE OUTREACH PROGRAMS 50,000

SHARING NETWORK FOUNDATION

691 CENTRAL AVENUE
NEW PROVIDENCE,NJ07974 		  PUBLIC CHARITY GENERAL 50,000

THE CONSULTING NETWORK

ROUTE 1 BOX 601
ROSELAND,VA22967 		  PUBLIC CHARITY GENERAL 5,000

THE WATER PROJECT INC

PO BOX 3353
CONCORD,NH035023353 		  PUBLIC CHARITY GENERAL 110,000

WE MAKE AUTISM AT WORK

109 ROUTE 31 NORTH
PENNINGTON,NJ08534 		  PUBLIC CHARITY GENERAL 100,000

WIKIMEDIA FOUNDATION

1 MONTGOMERY STREET SUITE 3600
SAN FRANCISCO,CA94104 		  PUBLIC CHARITY GENERAL 50,000

WIKIMEDIA FOUNDATION

1 MONTGOMERY STREET SUITE 3600
SAN FRANCISCO,CA94104 		  PUBLIC CHARITY GENERAL 50,000

WILDLIFE CONSERVATION SOCIETY

PO BOX 96215
WASHINGTON,DC200906215 		  PUBLIC CHARITY GENERAL 50,000

WORLD CENTRAL KITCHEN

200 MASSACHUSETTS ANE NW 7TH FLOOR
WASHINGTON,DC20001 		  PUBLIC CHARITY HURRICANE HELENE RECOVERY 200,000

WORLD CENTRAL KITCHEN

200 MASSACHUSETTS ANE NW 7TH FLOOR
WASHINGTON,DC20001 		  PUBLIC CHARITY GENERAL 50,000

WORLD CENTRAL KITCHEN

200 MASSACHUSETTS ANE NW 7TH FLOOR
WASHINGTON,DC20001 		  PUBLIC CHARITY GENERAL 200,000

WORLD CENTRAL KITCHEN

200 MASSACHUSETTS ANE NW 7TH FLOOR
WASHINGTON,DC20001 		  PUBLIC CHARITY FOR WORK IN GAZA 100,000

YORK STREET PROJECT

89 YORK STREET
JERSEY CITY,NJ07302 		  PUBLIC CHARITY GENERAL 200,000
Total .................................right arrow 3a 9,080,875
bApproved for future payment
Total ................................. right arrow 3b 0
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 ........... 		    14 716  
4 Dividends and interest from securities ....     14 2,554,665  
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 7,958,094  
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) .. 0 10,513,475 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
10,513,475
(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
HFO FOUNDATION
 
Employer identification number

23-6870251
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
HFO FOUNDATION
  		Employer identification number
23-6870251
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
TD ELAINE HARMON
 
C/O B ROSENFIELD 1650 MARKET ST STE
 
PHILADELPHIA, PA19103

$ 5,541,818


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
TD ELAINE HARMON
 
C/O B ROSENFIELD 1650 MARKET ST STE
 
PHILADELPHIA, PA19103

$ 2,445


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
TD ELAINE HARMON
 
C/O B ROSENFIELD 1650 MARKET ST STE
 
PHILADELPHIA, PA19103

$ 2,646,483


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
4
TD ELAINE HARMON
 
C/O B ROSENFIELD 1650 MARKET ST STE
 
PHILADELPHIA, PA19103

$ 1,791


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
5
ESTATE ELAINE HARMON
 
C/O B ROSENFIELD 1650 MARKET ST STE
 
PHILADELPHIA, PA19103

$ 800,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
6
ESTATE ELAINE HARMON
 
C/O B ROSENFIELD 1650 MARKET ST STE
 
PHILADELPHIA, PA19103

$ 150,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
HFO FOUNDATION
  		Employer identification number
23-6870251
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
7
ESTATE ELAINE HARMON
 
C/O B ROSENFIELD 1650 MARKET ST STE
 
PHILADELPHIA, PA19103

$ 2,256,763


(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
HFO FOUNDATION
  		Employer identification number

23-6870251
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
1
 SECURITIES $ 5,541,818 2025-08-19
(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
HFO FOUNDATION
  		Employer identification number

23-6870251
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:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
HFO FOUNDATION
EIN:
23-6870251
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BLACKBAUD INC - SOFTWARE COMPANY 9,747 0   9,747

TY 2024 DistributionFromCorpusElection
Name:
HFO FOUNDATION
EIN:
23-6870251
Election:
Taxpayer elects to treat distributions as distributions out of corpus

TY 2024 LegalFeesSchedule
Name:
HFO FOUNDATION
EIN:
23-6870251
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
DILWORTH PAXSON - LEGAL FEES 29,000 8,700   20,300
DILWORTH PAXSON - LEGAL FEES 73,755 22,127   51,628
ARCHER AND GREINER - LAW FIRM 3,257 0   3,257


TY 2024 OtherAssetsSchedule
Name:
HFO FOUNDATION
EIN:
23-6870251
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
WELLINGTON SHIELDS - EQUITIES 34,720,701 34,097,442 57,352,853
WELLINGTON SHIELDS - MUTUAL FUNDS 247,094 1,311,296 1,311,296
HAVERFORD TRUST - EQUITIES 21,655,164 27,039,487 37,314,995
HAVERFORD TRUST - UPS STOCK 21,956,807 21,956,807 13,984,286
MERRILL LYNCH - EQUITIES 750,902 757,297 1,182,481
MERRILL LYNCH - MUTUAL FUNDS 326,380 326,380 499,318
BROWN BROTHERS ACCT 0522 - REAL ASSETS 1,088,553 1,047,066 1,105,717
BROWN BROTHERS ACCT 0522 - FIXED INCOME 4,078,814 6,709,078 6,776,317
BROWN BROTHERS ACCT 0522 - EQUITIES 38,169,569 35,443,419 46,398,378
WELLINGTON SHIELDS - EXCHANGE TRADED FUNDS   929,862 606,000
BROWN BROTHERS ACCT 3896 - FIXED INCOME   1,971,256 2,000,190


TY 2024 OtherDecreasesSchedule
Name:
HFO FOUNDATION
EIN:
23-6870251
Description Amount
ADJ FOR FMV TO COST BASIS OF DONATED SECURITIES 919,782
ADJUSTMENT TO COST BASIS FROM PRIOR YEAR 295,980


TY 2024 OtherIncreasesSchedule
Name:
HFO FOUNDATION
EIN:
23-6870251
Description Amount
DISTRIBUTION FROM ENERGY TRANSFER FUND 5,854


TY 2024 OtherProfessionalFeesSchedule
Name:
HFO FOUNDATION
EIN:
23-6870251
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BROWN BROTHERS - FEES 163,932 163,932   0
HAVERFORD TRUST - FEES 85,134 85,134   0
MERRILL LYNCH - INVESTMENT ADVISORY FEE 4,966 4,966   0
WELLINGTON SHIELDS - FEES 143,709 143,709   0
NET PAYMENTS TO JOSEPH Y PAEK AND NICOLE ABDO 116,446 29,111   87,335
E CONSULTING NETWORK 350 0   350


TY 2024 SubstantialContributorsSch
Name:
HFO FOUNDATION
EIN:
23-6870251
Name Address
TA Elaine Harmon c/o B Rosenfield 1650 Market St Ste
1200
Philadelphia,PA19103
John and Elaine Harmon CRUT dated 1 c/o B Rosenfield 1650 Market St Ste
1200
Philadelphia,PA19103


TY 2024 TaxesSchedule
Name:
HFO FOUNDATION
EIN:
23-6870251
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADR FEES 55 55   0
ADR FEES 37 37   0