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
HUGHES RUBY L MEM PFDN
 
Number and street (or P.O. box number if mail is not delivered to street address) 4900 TIEDEMAN ROAD OH-01-49-0381
  Room/suite
City or town
BROOKLYN
State or province
OH
Country  
ZIP or foreign postal code
44144
A Employer identification number

52-6956586
B Telephone number (see instructions)

2165632451
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)$4,975,411J 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... 121,825 121,825  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 404,716
b Gross sales price for all assets on line 6a 2,128,734
7 Capital gain net income (from Part IV, line 2)... 404,716
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).......      
12 Total. Add lines 1 through 11........ 526,541 526,541  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 34,151 25,613   8,538
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
1,000 0 0 1,000
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
7,577 490   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)....... Click to see attachment
List of Attached Documents:
// Content
202 2   200
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 42,930 26,105 0 9,738
25 Contributions, gifts, grants paid....... 230,682 230,682
26 Total expenses and disbursements. Add lines 24 and 25 ................ 273,612 26,105 0 240,420
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 252,929
b Net investment income (if negative, enter -0-) 500,436
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......... 272,329 124,054 124,054
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).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,476,582 Click to see attachment
List of Attached Documents:
// Content
2,867,841 		4,851,357
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) 2,748,911 2,991,895 4,975,411
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........ 2,748,911 2,991,895
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)..... 2,748,911 2,991,895
30 Total liabilities and net assets/fund balances (see instructions). 2,748,911 2,991,895
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
2,748,911
2
Enter amount from Part I, line 27a .....................
2
252,929
3
Other increases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
3
191
4
Add lines 1, 2, and 3 ..........................
4
3,002,031
5
Decreases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
5
10,136
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
2,991,895
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 150000. ANALOG DEVICES INC   2021-10-05 2025-11-25
b 200. APPLE INC   2005-09-28 2025-09-12
c 100000. APPLE INCDTD 2/23/2016 3.25000% 2/23/202   2016-02-17 2025-11-25
d 100000. BALTIMORE GAS & ELECTRIC CO   2021-10-05 2025-11-25
e 250. BANK OF NEW YORK MELLON CORP   2012-02-03 2025-11-11
16. BOOKING HOLDINGS INC   2015-09-16 2025-04-29
600. COCA COLA CO   2011-09-15 2025-09-12
200. DANAHER CORP   2016-03-02 2025-04-29
28020.04 DOUBLELINE TOTAL RETURN BOND FD $0.557     2025-11-12
496.15 GOVERNMENT NATL MTG ASSNDTD 6/1/1999 7.0   1999-06-04 2025-02-18
485.56 GOVERNMENT NATL MTG ASSNDTD 6/1/1999 7.0   1999-06-04 2025-03-17
474.91 GOVERNMENT NATL MTG ASSNDTD 6/1/1999 7.0   1999-06-04 2025-04-15
462.66 GOVERNMENT NATL MTG ASSNDTD 6/1/1999 7.0   1999-06-04 2025-05-15
451.89 GOVERNMENT NATL MTG ASSNDTD 6/1/1999 7.0   1999-06-04 2025-06-16
441.71 GOVERNMENT NATL MTG ASSNDTD 6/1/1999 7.0   1999-06-04 2025-07-15
431.47 GOVERNMENT NATL MTG ASSNDTD 6/1/1999 7.0   1999-06-04 2025-08-15
421.17 GOVERNMENT NATL MTG ASSNDTD 6/1/1999 7.0   1999-06-04 2025-09-15
410.8 GOVERNMENT NATL MTG ASSNDTD 6/1/1999 7.0   1999-06-04 2025-10-15
400.37 GOVERNMENT NATL MTG ASSNDTD 6/1/1999 7.0   1999-06-04 2025-11-17
389.87 GOVERNMENT NATL MTG ASSNDTD 6/1/1999 7.0   1999-06-04 2025-12-15
379.31 GOVERNMENT NATL MTG ASSNDTD 6/1/1999 7.0   1999-06-04 2025-12-31
370. GE HEALTHCARE TECHNOLOGIES INC   2025-04-29 2025-08-11
6495.15 GUGGENHEIM TOTAL RETURN BOND FUND $1.062     2025-11-12
200. HOME DEPOT INC   2012-09-19 2025-04-29
400. INTERCONTINENTAL EXCHANGE INC.   2010-08-23 2025-04-29
1000. ISHARES CORE TOTAL USD BOND MKT ETF   2025-09-12 2025-11-12
184. KENVUE INC   2004-01-27 2025-11-11
300. LANTHEUS HOLDINGS INC   2025-04-29 2025-08-11
50. ELI LILLY & CO   2024-04-30 2025-04-29
500. MCCORMICK & CO INC   2011-04-07 2025-04-29
700. MONDELEZ INTERNATIONAL INC   2011-09-13 2025-01-29
100. ORACLE CORPORATION COM   2006-08-07 2025-11-11
25. PARKER HANNIFIN CORP COM   2024-04-30 2025-11-11
45000. PHILIP MORRIS INTL INC   2023-09-13 2025-12-12
150. PROCTER & GAMBLE CO COM   2000-12-04 2025-11-11
100. RAYTHEON TECHNOLOGIES CORP   2007-06-08 2025-11-11
52. S&P GLOBAL INC   2025-04-29 2025-08-11
100000. CHARLES SCHWAB CORP   2023-09-13 2025-11-25
50. SHERWIN WILLIAMS CO COM   2016-03-02 2025-09-12
75. SHERWIN WILLIAMS CO COM   2016-03-02 2025-11-11
50. SOLSTICE ADVANCED MATERIALS   2016-03-02 2025-11-11
50. THERMO FISHER SCIENTIFIC INC   2012-02-28 2025-04-29
100000. UNITED STATES TREAS NTS   2025-04-29 2025-11-25
150000. UNITED STATES TREAS NTS   2024-04-30 2025-11-25
100000. UNITED STATES TREAS NTS   2024-09-16 2025-12-04
60. UNITEDHEALTH GROUP INC   2025-04-29 2025-07-31
600. VANGUARD INTERM-TERM CORP BOND CLOSED-END FUND   2025-09-12 2025-11-12
100. ACCENTURE PLC   2011-06-02 2025-04-29
100. ACCENTURE PLC   2011-06-02 2025-11-11
(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 141,341   150,271 -8,930
b 46,812   373 46,439
c 99,832   100,009 -177
d 90,518   100,402 -9,884
e 27,890   5,507 22,383
78,492   21,201 57,291
40,239   21,101 19,138
39,790   12,188 27,602
251,060   300,028 -48,968
11   10 1
11   10 1
11   10 1
12   12  
11   10 1
10   10  
10   10  
10   10  
10   10  
10   10  
11   10 1
11   10 1
26,980   25,268 1,712
157,442   175,096 -17,654
71,920   11,950 59,970
66,399   7,760 58,639
46,765   46,845 -80
3,101   1,227 1,874
16,601   31,240 -14,639
44,563   39,038 5,525
37,916   11,811 26,105
40,123   15,083 25,040
23,477   1,466 22,011
21,592   13,750 7,842
47,252   44,528 2,724
22,159   5,593 16,566
17,881   3,960 13,921
28,961   25,632 3,329
101,198   100,240 958
18,073   4,615 13,458
25,879   6,922 18,957
2,357   1,200 1,157
21,439   2,828 18,611
100,477   100,385 92
150,715   149,549 1,166
100,063   100,130 -67
14,971   24,684 -9,713
50,339   50,624 -285
29,702   5,696 24,006
24,287   5,696 18,591
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       -8,930
b       46,439
c       -177
d       -9,884
e       22,383
      57,291
      19,138
      27,602
      -48,968
      1
      1
      1
       
      1
       
       
       
       
       
      1
      1
      1,712
      -17,654
      59,970
      58,639
      -80
      1,874
      -14,639
      5,525
      26,105
      25,040
      22,011
      7,842
      2,724
      16,566
      13,921
      3,329
      958
      13,458
      18,957
      1,157
      18,611
      92
      1,166
      -67
      -9,713
      -285
      24,006
      18,591
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 2 404,716
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: 2000-08-11(attach copy of letter if necessary–see instructions) 1 6,956
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 6,956
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 6,956
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 4,376
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 4,376
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 2,580
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10  
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax0 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)
OH
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 ofKEYBANK NA Telephone no. (216) 813-4556

Located at4900 TIEDEMAN ROAD MCOH-01-49-015BROOKLYNOH ZIP+444121
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
KEYBANK N A TRUSTEE
1 		34,151    
127 PUBLIC SQUARE
CLEVELAND,OH44114
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
4,783,392
b
Average of monthly cash balances.......................
1b
1,248
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
4,784,640
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
4,784,640
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
71,770
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
4,712,870
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
235,644
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
235,644
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
6,956
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
6,956
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
228,688
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
228,688
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
228,688
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
240,420
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
240,420
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 7 228,688
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...... 9,276
b From 2021...... 0
c From 2022...... 39,030
d From 2023...... 21,009
e From 2024...... 0
f Total of lines 3a through e ........ 69,315
4Qualifying distributions for 2025 from Part
XI, line 4: $ 240,420
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..... 228,688
e Remaining amount distributed out of corpus 11,732
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 81,047
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) ... 		9,276
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		71,771
10 Analysis of line 9:
a Excess from 2021 .... 0
b Excess from 2022 .... 39,030
c Excess from 2023 .... 21,009
d Excess from 2024 .... 0
e Excess from 2025 .... 11,732
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

AMERICAN BIBLE SOCIETY
ATTN LEGACY DEPT
101 N INDEPENDENCE MALL E
PHILADELPHIA,PA191062155 		NONE   TO BE USED AT DISCRETION OF 68,350

THE SALVATION ARMY

440 W NYACK RD
WEST NYACK,NY109941739 		NONE   TO BE USED AT DISCRETION OF 14,240

FRANKLIN CIRCLE CHRISTIAN CHURCH

1688 FULTON RD
CLEVELAND,OH441133096 		NONE   TO BE USED AT DISCRETION OF 11,392

Gospel Broadcasting-Christian Hour
ATTN WILLIAM T MCLURE
P O BOX 51
ONALASKA,WI54650 		NONE   TO BE USED AT DISCRETION OF 68,350

BILLY GRAHAM EVANGELISTIC ASSN
PLANNED GIVING ADMINISTRATION
1 BILLY GRAHAM PARKWAY
CHARLOTTE,NC28201 		NONE   TO BE USED AT DISCRETION OF 68,350
Total ................................. 3a 230,682
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 ....     14 121,825  
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 ............ 		    18 404,716  
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) ..   526,541  
13Total. Add line 12, columns (b), (d), and (e)..................
13
526,541
(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:
HUGHES RUBY L MEM PFDN
EIN:
52-6956586
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC 1,000     1,000

TY 2025 InvestmentsOtherSchedule2
Name:
HUGHES RUBY L MEM PFDN
EIN:
52-6956586
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
023135106 AMAZON COM INC AT COST 19,159 110,794
031162100 AMGEN INC AT COST 23,292 65,462
032095101 AMPHENOL CORP AT COST 18,742 108,112
09857L108 BOOKING HOLDINGS INC      
17275R102 CISCO SYS INC      
235851102 DANAHER CORP DEL      
254687106 WALT DISNEY CO      
254709108 DISCOVER FINANCIAL S      
437076102 HOME DEPOT INC      
438516106 HONEYWELL INTERNATIO AT COST 19,179 39,018
45866F104 INTERCONTINENTAL EXC      
464287655 ISHARES RUSSELL 2000 AT COST 27,580 59,078
46432F842 ISHARES CORE MSCI EA AT COST 107,192 152,082
478160104 JOHNSON & JOHNSON AT COST 9,478 36,630
580135101 MCDONALDS CORP AT COST 8,852 61,126
609207105 MONDELEZ INTERNATION      
68389X105 ORACLE CORP AT COST 4,398 58,473
693475105 PNC FINANCIAL SERVIC      
713448108 PEPSICO INC AT COST 13,106 43,056
717081103 PFIZER INC      
742718109 PROCTER & GAMBLE CO AT COST 5,593 21,497
922042858 VANGUARD FTSE EMERGI      
40168W525 GUGGENHEIM TOTAL RET      
G1151C101 ACCENTURE PLC      
75513E101 RAYTHEON TECHNOLOGIE AT COST 11,881 55,020
92206C870 VANGUARD INTERM-TERM      
579780206 MCCORMICK & CO INC      
059165EN6 BALTIMORE GAS & ELEC AT COST 100,399 90,317
824348106 SHERWIN WILLIAMS CO AT COST 6,922 24,302
194162103 COLGATE PALMOLIVE CO AT COST 14,720 31,608
464287200 ISHARES CORE S&P 500 AT COST 99,922 243,154
46625H100 JP MORGAN CHASE & CO AT COST 15,336 128,888
032654AU9 ANALOG DEVICES INC AT COST 50,091 47,196
57636Q104 MASTERCARD INC AT COST 5,171 85,632
291011104 EMERSON ELEC CO AT COST 22,399 66,360
46625HJE1 JPMORGAN CHASE & COD      
30231G102 EXXON MOBIL CORP AT COST 25,072 48,136
594918AW4 MICROSOFT CORPDTD 12      
842587DH7 SOUTHERN CO AT COST 97,674 95,231
88579Y101 3M CO      
594918104 MICROSOFT CORP AT COST 8,100 193,448
037833100 APPLE INC AT COST 1,306 190,302
191216100 COCA COLA CO      
037833BY5 APPLE INCDTD 2/23/20      
776696106 ROPER TECHNOLOGIES I AT COST 17,584 44,513
02079K305 ALPHABET INC AT COST 8,028 219,100
36210HLT7 GOVERNMENT NATL MTG AT COST 369 397
92343VCR3 VERIZON COMMUNICATIO      
883556102 THERMO FISHER SCIENT AT COST 5,656 57,945
064058100 BANK OF NEW YORK MEL AT COST 16,522 87,068
258620103 DOUBLELINE TOTAL RET      
78409V104 S&P GLOBAL INC      
95040Q104 WELLTOWER INC      
464287242 ISHARES IBOXX $INVES      
464287507 ISHARES CORE S&P MID AT COST 35,316 198,000
191216DK3 COCA-COLA CO AT COST 49,086 45,311
9128285D8 UNITED STATES TREAS      
02665WEM9 AMERICAN HONDA FINAN AT COST 99,458 102,608
49177J102 KENVUE INC      
718172DD8 PHILIP MORRIS INTL I AT COST 54,423 57,831
808513CG8 CHARLES SCHWAB CORP      
91282CFN6 UNITED STATES TREAS      
92338C103 VERALTO CORP      
532457108 LILLY ELI & CO      
67066G104 NVIDIA CORP AT COST 30,436 65,275
701094104 PARKER HANNIFIN CORP AT COST 13,750 21,974
91282CKK6 UNITED STATES TREAS      
91282CLH2 UNITED STATES TREAS      
91282CLL3 UNITED STATES TREAS AT COST 49,932 49,908
025816109 AMERICAN EXPRESS CO AT COST 26,714 36,995
025816DV8 AMERICAN EXPRESS CO AT COST 45,786 45,760
060505104 BANK OF AMERICA CORP AT COST 24,021 33,000
06051GJF7 BANK OF AMERICA CORP AT COST 58,571 58,386
10373QBZ2 BP CAP MARKETS AMERI AT COST 46,455 46,306
11135F101 BROADCOM INC AT COST 25,054 44,993
13321L108 CAMECO CORP AT COST 46,085 45,745
172967KA8 CITIGROUP INCDTD 9/2 AT COST 45,225 45,289
22160K105 COSTCO WHOLESALE COR AT COST 29,719 25,870
26441C204 DUKE ENERGY CORP AT COST 24,332 23,442
3133ET2G1 FEDERAL FARM CR BANK AT COST 40,049 39,792
3133ETR82 FEDERAL FARM CR BANK AT COST 39,960 40,014
42824CBT5 HEWLETT PACKARD ENTE AT COST 45,293 45,259
46434G103 ISHARES CORE MSCI EM AT COST 54,200 67,220
46647PEG7 JPMORGAN CHASE & CO AT COST 47,095 46,945
651639106 NEWMONT MINING CORP AT COST 24,428 45,931
747525BW2 QUALCOMM INC AT COST 35,881 35,540
756109CG7 REALTY INCOME CORP AT COST 41,260 40,980
78016HZW3 ROYAL BANK OF CANADA AT COST 52,519 52,117
872590104 T-MOBILE US INC AT COST 24,021 20,304
87264ADE2 T-MOBILE USA INC AT COST 40,910 40,856
882508CB8 TEXAS INSTRUMENTS IN AT COST 36,282 36,108
90384S303 ULTA BEAUTY INC AT COST 25,244 39,326
91159HJU5 US BANCORP AT COST 47,006 46,770
9128285M8 UNITED STATES TREAS AT COST 64,337 64,274
9128286T2 UNITED STATES TREAS AT COST 44,302 44,228
912828Z94 UNITED STATES TREAS AT COST 57,079 56,948
912828ZE3 UNITED STATES TREAS AT COST 67,337 67,580
91282CBS9 UNITED STATES TREAS AT COST 23,755 23,794
91282CDY4 UNITED STATE TREAS N AT COST 45,814 45,484
91282CFF3 UNITED STATES TREAS AT COST 33,868 33,557
91282CGM7 UNITED STATES TREAS AT COST 25,521 25,268
91282CJG7 UNITED STATES TREAS AT COST 49,691 49,372
91282CKC4 UNITED STATES TREAS AT COST 31,926 31,713
91282CKD2 US TREASURY N/B AT COST 58,291 58,153
91282CKV2 UNITED STATES TREAS AT COST 47,737 47,751
91282CLF6 UNITED STATES TREAS AT COST 30,895 30,523
91282CLJ8 UNITED STATES TREAS AT COST 30,976 30,897
91282CMF5 UNITED STATES TREAS AT COST 49,986 50,737
91282CMM0 UNITED STATES TREAS AT COST 38,896 38,406
91282CMN8 UNITED STATES TREAS AT COST 69,015 69,038
91282CNK3 UNITED STATES TREAS AT COST 31,382 31,234
94106LBS7 WASTE MANAGEMENT INC AT COST 44,799 44,600

TY 2025 OtherDecreasesSchedule
Name:
HUGHES RUBY L MEM PFDN
EIN:
52-6956586
Description Amount
CY PURCHASE OF ACCRUED INTEREST 10,135
CY PENDING SALES 1


TY 2025 OtherExpensesSchedule
Name:
HUGHES RUBY L MEM PFDN
EIN:
52-6956586
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
STATE FILING/TAXES PAID 200 0   200
INVESTMENT EXPENSES-DIVIDEND I 2 2   0


TY 2025 OtherIncreasesSchedule
Name:
HUGHES RUBY L MEM PFDN
EIN:
52-6956586
Description Amount
PY PURCHASE OF ACCRUED INTEREST 185
PY PENDING SALES 1
ROUNDING 5


TY 2025 TaxesSchedule
Name:
HUGHES RUBY L MEM PFDN
EIN:
52-6956586
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 277 277   0
FEDERAL TAX PAYMENT - PRIOR YE 2,711 0   0
FEDERAL ESTIMATES - PRINCIPAL 4,376 0   0
FOREIGN TAXES ON NONQUALIFIED 213 213   0