Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2025
Open to Public Inspection
For calendar year 2025, or tax year beginning 01 - 01 2025, and ending 12 - 31, 20 25
Name of foundation
FRANK P MCCANDLESS
 
Number and street (or P.O. box number if mail is not delivered to street address) PO BOX 1558 DEPT EA5W86
  Room/suite
City or town
COLUMBUS
State or province
OH
Country  
ZIP or foreign postal code
43216
A Employer identification number

25-6033691
B Telephone number (see instructions)

6143319547
C
G Check all that apply:

D 1. Foreign organizations, check here.............
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
H Check type of organization:
F
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$2,272,515J 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)  
2 Check .................
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 38,364 38,364  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 108,193
b Gross sales price for all assets on line 6a 401,331
7 Capital gain net income (from Part IV, line 2)... 108,193
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
68 68  
12 Total. Add lines 1 through 11........ 146,625 146,625  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 27,427 13,714   13,714
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,250 0 0 1,250
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
4,232 291   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 32,909 14,005 0 14,964
25 Contributions, gifts, grants paid....... 93,937 93,937
26 Total expenses and disbursements. Add lines 24 and 25 ................ 126,846 14,005 0 108,901
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 19,779
b Net investment income (if negative, enter -0-) 132,620
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
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......... 28,312 64,546 64,546
3 Accounts receivable  
Less: allowance for doubtful accounts     0 0
4 Pledges receivable  
Less: allowance for doubtful accounts        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule)  
Less: allowance for doubtful accounts 0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 977,034 Click to see attachment
List of Attached Documents:
// Content
1,010,834 		2,029,548
c Investments—corporate bonds (attach schedule)....... 222,610 Click to see attachment
List of Attached Documents:
// Content
172,931 		178,421
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........     0
14 Land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
15 Other assets (describe )      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,227,956 1,248,311 2,272,515
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 )    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 1,227,956 1,248,311
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 1,227,956 1,248,311
30 Total liabilities and net assets/fund balances (see instructions). 1,227,956 1,248,311
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
1,227,956
2
Enter amount from Part I, line 27a .....................
2
19,779
3
Other increases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
3
576
4
Add lines 1, 2, and 3 ..........................
4
1,248,311
5
Decreases not included in line 2 (itemize)
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
1,248,311
Form 990-PF (2025)
Form 990-PF (2025)
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 338. AES CORP   2024-07-25 2025-01-16
b 6. ADOBE SYS INC W/1 RT/SH   2024-01-29 2025-01-16
c 26. ADOBE SYS INC W/1 RT/SH   2023-03-02 2025-01-16
d 49. APPLIED MATERIALS INC   2024-03-04 2025-01-16
e 10. APPLIED MATERIALS INC   2024-07-25 2025-01-16
6. CONSTELLATION BRANDS INC CL A   2024-03-04 2025-01-16
74. CONSTELLATION BRANDS INC CL A   2014-03-03 2025-01-16
206.17 FEDERATED HERMES INSTL TR   2024-01-29 2025-01-16
339.37 FEDERATED HERMES INSTL TR   2024-07-25 2025-01-16
967.04 FEDERATED HERMES INSTL TR   2018-03-05 2025-01-16
20. ILLINOIS TOOL WORKS INC COM   2018-03-16 2025-01-16
48. MICRON TECHNOLOGY INC   2024-06-27 2025-01-16
17. MICRON TECHNOLOGY INC   2024-07-25 2025-01-16
262. NVIDIA CORP   2020-04-16 2025-01-16
563.34 PIMCO FDS   2014-05-23 2025-01-16
60. TARGET CORP   2024-03-04 2025-01-16
13. TARGET CORP   2024-07-25 2025-01-16
25000. FRANKLIN RES INC   2016-03-29 2025-03-30
23. ANTHEM INC   2016-03-01 2025-08-14
68. CHEVRONTEXACO CORP   2011-08-09 2025-08-14
500. CHIPOTLE MEXICAN GRILL INC   2021-03-04 2025-08-14
223.08 DRIEHAUS MUT FDS   2024-07-25 2025-08-14
99. EOG RESOURCES INC   2022-07-08 2025-08-14
112. EDWARDS LIFESCIENCES CORP   2019-01-11 2025-08-14
19. HONEYWELL INTL INC COM   2013-05-17 2025-08-14
88. INVESCO EXCHANGE-TRADED FD TR   2024-04-01 2025-08-14
74. ISHARES S & P SMALLCAP 600   2021-08-30 2025-08-14
15. LOCKHEED MARTIN (COMMON STOCK)   2015-12-28 2025-08-14
69. MCDONALDS CORP   2017-06-21 2025-08-14
70. PEPSICO INC   2011-03-14 2025-08-14
96. PROCTER & GAMBLE CO   2020-03-04 2025-08-14
137. VERIZON COMMUNICATIONS   2024-09-11 2025-08-14
17. VERTEX PHARMACEUTICAL INC   2023-05-11 2025-08-14
220.9 VICTORY PORTFOLIOS   2022-02-10 2025-08-14
85. ZOETIS INC   2025-01-16 2025-08-14
10. LOCKHEED MARTIN (COMMON STOCK)   2015-12-28 2025-11-05
108. NVIDIA CORP   2020-04-16 2025-11-05
38. SHERWIN WILLIAMS CO   2020-10-06 2025-11-05
21. SYNOPSYS INC W/1 RT/SH   2023-06-26 2025-11-05
30. THERMO ELECTRON CORP W/1 RT/SH   2014-03-03 2025-11-05
41. UNION PACIFIC CORP   2011-10-05 2025-11-05
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
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CAPITAL GAIN DIVIDENDS P    
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CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
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CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
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CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
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(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 4,032   5,847 -1,815
b 2,556   3,767 -1,211
c 11,075   10,410 665
d 9,274   10,430 -1,156
e 1,893   2,061 -168
1,115   1,489 -374
13,750   13,530 220
1,835   1,814 21
3,020   3,000 20
8,607   9,500 -893
5,097   3,438 1,659
4,952   6,408 -1,456
1,754   1,855 -101
35,368   1,931 33,437
5,932   7,123 -1,191
7,945   9,366 -1,421
1,721   1,930 -209
25,000   24,829 171
6,756   4,303 2,453
10,508   7,924 2,584
21,185   16,265 4,920
5,227   4,874 353
11,766   11,288 478
8,666   6,426 2,240
4,147   1,460 2,687
11,546   9,993 1,553
8,509   7,980 529
6,606   3,276 3,330
20,993   14,546 6,447
10,402   6,386 4,016
14,814   12,576 2,238
5,936   5,973 -37
6,645   6,065 580
10,261   10,520 -259
12,963   14,340 -1,377
4,805   2,184 2,621
21,668   796 20,872
12,924   9,560 3,364
8,509   10,015 -1,506
16,867   5,907 10,960
8,997   1,753 7,244
      5,705
      5,705
      5,705
      5,705
      5,705
      5,705
      5,705
      5,705
      5,705
      5,705
      5,705
      5,705
      5,705
      5,705
      5,705
      5,705
      5,705
      5,705
      5,705
      5,705
      5,705
      5,705
      5,705
      5,705
      5,705
      5,705
      5,705
      5,705
      5,705
      5,705
      5,705
      5,705
      5,705
      5,705
      5,705
      5,705
      5,705
      5,705
      5,705
      5,705
      5,705
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       -1,815
b       -1,211
c       665
d       -1,156
e       -168
      -374
      220
      21
      20
      -893
      1,659
      -1,456
      -101
      33,437
      -1,191
      -1,421
      -209
      171
      2,453
      2,584
      4,920
      353
      478
      2,240
      2,687
      1,553
      529
      3,330
      6,447
      4,016
      2,238
      -37
      580
      -259
      -1,377
      2,621
      20,872
      3,364
      -1,506
      10,960
      7,244
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 108,193
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 and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 1,843
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 1,843
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 1,843
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 3,027
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,027
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10 1,184
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax1,184 Refunded 11 0
For Refunded amount, also complete and attach Form 8050. See instructions.
Form 990-PF (2025)
Form 990-PF (2025)
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. $   (2) On foundation managers.$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$  
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)
PA
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 2025 or the taxable year beginning in 2025? 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 address  
14
The books are in care ofHUNTINGTON NATIONAL BANK Telephone no. (614) 331-9547

Located atPO BOX 1558 DEPT EA4E86COLUMBUSOH ZIP+443216
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........
and enter the amount of tax-exempt interest received or accrued during the year ........
15
 
16 At any time during calendar year 2025, 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
Form 990-PF (2025)
Form 990-PF (2025)
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)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
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
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........
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 2025? .............
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 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
 
No
If "Yes," list the years 20, 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.
20, 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 2025 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 Form 4720, Schedule C, to determine
if the foundation had excess business holdings in 2025.).....................
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 2025? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
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 .........
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
HUNTINGTON NATIONAL BANK TRUSTEE
1 		27,427    
PO BOX 1558 DEPT EA5W86
COLUMBUS,OH43216
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000................... 0
Form 990-PF (2025)
Form 990-PF (2025)
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.........................  
Form 990-PF (2025)
Form 990-PF (2025)
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
2,114,620
b
Average of monthly cash balances.......................
1b
39,917
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
2,154,537
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
2,154,537
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
32,318
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
2,122,219
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
106,111
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
106,111
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
1,843
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
1,843
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
104,268
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
104,268
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
104,268
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, line 26, column (d) ..........
1a
108,901
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
108,901
Form 990-PF (2025)
Form 990-PF (2025)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2024 		(c)
2024 		(d)
2025
1 Distributable amount for 2025 from Part X, line 7 104,268
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2025:
a From 2020...... 16,534
b From 2021...... 8,602
c From 2022...... 31,770
d From 2023...... 0
e From 2024...... 7,716
f Total of lines 3a through e ........ 64,622
4Qualifying distributions for 2025 from Part
XI, line 4: $ 108,901
a Applied to 2024, 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) ........ 		0
d Applied to 2025 distributable amount..... 104,268
e Remaining amount distributed out of corpus 4,633
5 Excess distributions carryover applied to 2025. 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 69,255
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 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		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 2020 not
applied on line 5 or line 7 (see instructions) ... 		16,534
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		52,721
10 Analysis of line 9:
a Excess from 2021 .... 8,602
b Excess from 2022 .... 31,770
c Excess from 2023 .... 0
d Excess from 2024 .... 7,716
e Excess from 2025 .... 4,633
Form 990-PF (2025)
Form 990-PF (2025)
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 2025, enter the date of the ruling ......
 
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) 2025 (b) 2024 (c) 2023 (d) 2022
         
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, 3b, or 3c 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 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, 2b, 2c, and 2d. 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 (2025)
Form 990-PF (2025)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

THE PORTIUNCULA FOUNDATION

305 34TH STREET
PITTSBURGH,PA15209 		NONE   GENERAL SUPPORT 44,243

UPMC

600 GRANT ST 58TH FL USS TOWER
PITTSBURGH,PA152192739 		NONE   GENERAL OPERATING 49,694
Total ................................. 3a 93,937
bApproved for future payment
Total ................................. 3b  
Form 990-PF (2025)
Form 990-PF (2025)
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 ........... 		         
4 Dividends and interest from securities ....     14 38,364  
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 ............ 		    18 108,193  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER INCOME 		    1 68  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   146,625  
13Total. Add line 12, columns (b), (d), and (e)..................
13
146,625
(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 (2025)
Form 990-PF (2025)
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.
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Preparer's name Preparer's Signature Date Check if self-
employed 		PTIN
Firm's name
Firm's EIN
Firm's address


Phone no.
Form 990-PF (2025)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2025 AccountingFeesSchedule
Name:
FRANK P MCCANDLESS
EIN:
25-6033691
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC 1,250     1,250

TY 2025 InvestmentsCorpBondsSchedule
Name:
FRANK P MCCANDLESS
EIN:
25-6033691
Name of Bond End of Year Book Value End of Year Fair Market Value
354613AK7 FRANKLIN RES INC    
30303M8G0 META PLATFORMS INC 24,196 24,942
55279HAV2 MFRS & TRADERS TR CO    
756109BS2 REALTY INCOME CORP 24,796 25,470
91282CHZ7 US TREASURY N/B 4.62 49,107 51,980
91324PEU2 UNITEDHEALTH GROUP I 24,983 25,109
17275RBS0 CISCO SYS INC 25,069 25,867
91282CKH3 US TREASURY N/B 4.5% 24,780 25,053

TY 2025 InvestmentsCorpStockSchedule
Name:
FRANK P MCCANDLESS
EIN:
25-6033691
Name of Stock End of Year Book Value End of Year Fair Market Value
21036P108 CONSTELLATION BRANDS    
31428Q739 FEDERATED TOTAL RETU 18,779 17,480
02079K305 ALPHABET INC 10,596 76,059
166764100 CHEVRON CORP NEW    
22160K105 COSTCO WHOLESALE COR 5,706 36,218
337738108 FISERV INC 11,356 8,934
023135106 AMAZON COM INC 19,672 44,779
025816109 AMERICAN EXPRESS CO 6,872 19,607
594918104 MICROSOFT CORP 22,683 81,248
79466L302 SALESFORCE INC 5,888 14,040
882508104 TEXAS INSTRS INC 6,800 11,103
742718109 PROCTER & GAMBLE CO    
773903109 ROCKWELL AUTOMATION 11,227 20,621
883556102 THERMO FISHER SCIENT    
291011104 EMERSON ELEC CO 11,880 20,837
532457108 LILLY ELI & CO 12,141 61,257
92826C839 VISA INC 17,524 40,332
30303M102 FACEBOOK INC CL-A 22,308 46,866
46120E602 INTUITIVE SURGICAL I 10,093 32,849
46625H100 JPMORGAN CHASE & CO 16,863 47,689
478160104 JOHNSON & JOHNSON 7,111 12,831
65339F101 NEXTERA ENERGY INC 6,274 13,487
931142103 WAL MART STORES INC 8,965 26,070
032654105 ANALOG DEVICES INC 7,484 28,747
00287Y109 ABBVIE INC 3,629 10,054
28176E108 EDWARDS LIFESCIENCES    
438516106 HONEYWELL INTL INC    
67066G104 NVIDIA CORP 8,299 205,150
67103H107 O REILLY AUTOMOTIVE 12,490 50,622
75513E101 RTX CORP 13,898 23,475
824348106 SHERWIN WILLIAMS CO    
91913Y100 VALERO ENERGY CORP N 14,153 27,186
H1467J104 CHUBB LTD 8,944 22,161
31420B847 FEDERATED HERMES INS    
72201F490 PIMCO FDS 17,484 16,318
907818108 UNION PAC CORP    
G1151C101 ACCENTURE PLC 4,075 16,635
543916688 LORD ABBETT INVT TR 18,300 16,128
277902698 E V ATLANTA CAP SMID 20,786 33,654
922908686 VANGUARD INDEX FDS 13,000 27,133
007903107 ADVANCED MICRO DEVIC 16,434 26,342
036752103 ANTHEM INC    
037833100 APPLE INC 4,164 65,518
437076102 HOME DEPOT INC 3,843 11,355
452308109 ILLINOIS TOOL WKS IN    
539830109 LOCKHEED MARTIN CORP    
55261F104 M&T BK CORP 9,690 16,521
580135101 MCDONALDS CORP    
713448108 PEPSICO INC    
09857L108 ING HLDGS INC 15,061 32,132
169656105 CHIPOTLE MEXICAN GRI    
922031737 VANGUARD FIXED INCOM 8,541 7,497
464287804 ISHARES TR    
701094104 PARKER-HANNIFIN CORP 11,409 30,764
592905749 METROPOLITAN WEST FD 6,843 6,672
32008F200 FIRST EAGLE FDS 84,216 87,917
26875P101 EOG RES INC    
543487136 LOOMIS SAYLES FDS II 20,928 20,902
92646A831 VICTORY PORTFOLIOS    
81762P102 SERVICENOW INC 10,954 18,383
00724F101 ADOBE SYS INC    
049560105 ATMOS ENERGY CORP 9,633 14,081
084670702 BERKSHIRE HATHAWAY I 13,145 18,095
101137107 BOSTON SCIENTIFIC CO 19,132 30,607
30231G102 EXXON MOBIL CORP 17,648 19,375
369604301 GENERAL ELEC CO 14,111 44,048
64110L106 NETFLIX INC 12,023 30,941
871607107 SYNOPSYS INC    
872540109 TJX COS INC NEW 11,539 18,587
872590104 T-MOBILE US INC 12,174 16,852
92532F100 VERTEX PHARMACEUTICA    
00130H105 AES CORP    
03027X100 AMERICAN TOWER CORP 9,941 8,779
038222105 APPLIED MATLS INC    
09290D101 BLACKROCK INC NEW 3,375 9,633
11135F101 BROADCOM INC 17,513 46,031
22788C105 CROWDSTRIKE HLDGS IN 7,532 10,313
230001752 CULLEN FDS TR 41,676 47,486
262028731 DRIEHAUS SMALL CAP G    
285512109 ELECTRONIC ARTS INC 5,898 8,378
40168W483 GUGGENHEIM FDS TR 3,000 3,061
46137V464 INVESCO EXCHANGE-TRA    
595112103 MICRON TECHNOLOGY IN    
68389X105 ORACLE CORP 10,733 14,813
697435105 PALO ALTO NETWORKS I 18,468 21,367
747525103 QUALCOMM INC 4,151 4,276
863667101 STRYKER CORP 12,300 12,301
87612E106 TARGET CORP    
902973304 US BANCORP DEL 7,398 9,178
92343V104 VERIZON COMMUNICATIO    
G54950103 LINDE PLC 12,399 12,365
025537101 AMERICAN ELEC PWR CO 24,767 29,635
191912401 COHEN & STEERS REAL 21,783 21,658
253868103 DIGITAL RLTY TR INC 12,864 11,139
31609A503 FIDELITY COVINGTON T 54,009 55,661
458140100 INTEL CORP 11,811 21,956
56170L208 HOOD RIVER SMALL CAP 21,011 22,217
69608A108 PALANTIR TECHNOLOGIE 16,519 15,820
874039100 TAIWAN SEMICONDUCTOR 16,918 17,322

TY 2025 OtherIncomeSchedule2
Name:
FRANK P MCCANDLESS
EIN:
25-6033691
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME 68 68  


TY 2025 OtherIncreasesSchedule
Name:
FRANK P MCCANDLESS
EIN:
25-6033691
Description Amount
MUTUAL FUND TIMING ADJ 576


TY 2025 TaxesSchedule
Name:
FRANK P MCCANDLESS
EIN:
25-6033691
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 151 151   0
FEDERAL TAX PAYMENT - PRIOR YE 914 0   0
FEDERAL ESTIMATES - PRINCIPAL 3,027 0   0
FOREIGN TAXES ON NONQUALIFIED 140 140   0