BETA

The Haugh Foundation: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
The Haugh Foundation (EIN 47-5016481)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-18
IRS object ID
202413239349100531
Schema version
2023v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-11-18T15:34:29-06:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13333 New Hyde Park Rd Ste 406AddressLine1Txt
CityNew Hyde ParkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11042ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN475016481EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Haugh FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% Foundation SourceInCareOfNm
Business Name ControlHAUGBusinessNameControlTxt
Phone8008391754PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Foundation Source 501 Silverside RdAddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
Personscott haughPersonNm
Person TitletreasurerPersonTitleTxt
Phone8008391754PhoneNum
Signature2024-11-06SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJeffrey D HaskellPreparerPersonNm
PTINP01345770PTIN
Phone8008391754PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Final ReturnYes (X)FinalReturnInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$0FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$10,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$1,180InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1,180InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$4,485DividendsRevAndExpnssAmt
Dividends Net Invst Incm$4,485DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$20,503NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$385,738GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$20,503CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$36,168TotalRevAndExpnssAmt
Total Net Invst Incm$26,168TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$87,287CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$87,287CompOfcrDirTrstDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss$6,677PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Dsbrs Chrtbl$6,677PensionEmplBnftDsbrsChrtblAmt
Accounting Fees Rev And Expnss$975AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$0AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$0AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps$975AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$1,523OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$1,523OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$1,533TaxesRevAndExpnssAmt
Taxes Net Invst Incm$533TaxesNetInvstIncmAmt
Trav Conf Meeting Rev And Expnss$12,296TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Dsbrs Chrtbl$12,296TravConfMeetingDsbrsChrtblAmt
Printing And Pub Rev And Expnss$77PrintingAndPubRevAndExpnssAmt
Printing And Pub Dsbrs Chrtbl$77PrintingAndPubDsbrsChrtblAmt
Other Expenses Rev And Expnss$40,846OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$464OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$40,382OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$151,214TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$2,520TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$0TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$147,694TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,083,061ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,083,061ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,234,275TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$2,520TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$0TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$1,230,755TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$1,198,107ExcessRevenueOverExpensesAmt
Net Investment Income$23,648NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$197,126SavAndTempCashInvstBOYAmt
Corporate Stock BOY$365,236CorporateStockBOYAmt
Other Assets BOY$5,495,971OtherAssetsBOYAmt
Total Assets BOY$6,058,333TotalAssetsBOYAmt
Total Assets EOY$0TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$6,058,333RetainedEarningBOYAmt
Tot Net Ast Or Fund Balances BOY$6,058,333TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$0TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$6,058,333TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$0TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$6,058,333TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$1,198,107ExcessRevenueOverExpensesAmt
Other Increases$4,195OtherIncreasesAmt
Subtotal$4,864,421SubtotalAmt
Other Decreases$4,864,421OtherDecreasesAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPublicly-traded SecuritiesPropertyDesc
Gross Sales Price$385,738GrossSalesPriceAmt
Cost Or Other Basis$365,235CostOrOtherBasisAmt
Gain Or Loss$20,503GainOrLossAmt
Gains Minus Excess Or Losses$20,503GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$20,503CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$329InvestmentIncomeExciseTaxAmt
Subtotal$329SubtotalAmt
Tax Based On Investment Income$329TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$919EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$919TotalPaymentsAndCreditsAmt
Overpayment$590OverpaymentAmt
Applied To ES Tax$0AppliedToESTaxAmt
Refund$590RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcYes (true)OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateDEOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8008391754PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1501 Silverside Road Suite 123AddressLine1Txt
CityWilmingtonCityNm
State AbbreviationCTStateAbbreviationCd
ZIP198091377ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnYes (true)PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Dean Harriman
Foundation Source 501 Silverside RdWilmingtonDE198091377Dir1.0$0$0$0
Granger Haugh
Foundation Source 501 Silverside RdWilmingtonDE198091377Pres, Dir10.0$0$0$0
Lynne Haugh
Foundation Source 501 Silverside RdWilmingtonDE198091377Dir, Sec1.0$0$0$0
Scott Haugh
Foundation Source 501 Silverside RdWilmingtonDE198091377Dir, Treas10.0$87,287$0$0
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1BEACON (9) - $1,000,000 FOR GENERAL WORKING CAPITALDescription1Txt
Expenses1$410,000Expenses1Amt
Total$410,000TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$107,199AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$98,975AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$206,174TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$206,174AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$3,093CashDeemedCharitableAmt
Net Vl Noncharitable Assets$203,081NetVlNoncharitableAssetsAmt
Minimum Investment Return$10,154MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$10,154MinimumInvestmentReturnAmt
Tax Based On Investment Income$329TaxBasedOnInvestmentIncomeAmt
Total Tax$329TotalTaxAmt
Distributable Before Adj$9,825DistributableBeforeAdjAmt
Distributable Before Ded$9,825DistributableBeforeDedAmt
Distributable As Adjusted$9,825DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,230,755ExpensesAndContributionsAmt
Program Related Invst Total$410,000ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$1,640,755QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$9,825DistributableAsAdjustedAmt
Prior Year12021PriorYear1Yr
Prior Year22020PriorYear2Yr
Prior Year32019PriorYear3Yr
Excess Distribution Cyov Yr5$1,026,663ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$1,384,583ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$1,294,002ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$1,095,925ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$1,060,701ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$5,861,874TotalExcessDistributionCyovAmt
Qualifying Distributions$1,640,755QualifyingDistributionsAmt
Applied To Current Year$9,825AppliedToCurrentYearAmt
Remaining Distri From Corpus$1,630,930RemainingDistriFromCorpusAmt
Total Corpus$7,492,804TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$1,026,663ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$6,466,141ExcessDistriCyovToNextYrAmt
Excess From Year4$1,384,583ExcessFromYear4Amt
Excess From Year3$1,294,002ExcessFromYear3Amt
Excess From Year2$1,095,925ExcessFromYear2Amt
Excess From Year1$1,060,701ExcessFromYear1Amt
Excess From Current Year$1,630,930ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerGranger HaughContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line1RecipientForeignAddress/AddressLine1TxtCityRecipientForeignAddress/CityNmCountryRecipientForeignAddress/CountryCdForeign PostalRecipientForeignAddress/ForeignPostalCd
1941 HISTORICAL AIRCRAFT GROUP INC
PO BOX 185GENESEONY14454N/APCGeneral & Unrestricted (See general explanation attachment)$1,041,549
SAN MARCOS ROTARY CLUB FOUNDATION
PO BOX 146SAN MARCOSCA92079N/APCGeneral & Unrestricted$3,000
SEATTLE UNIVERSITY
901 12TH AVESEATTLEWA98122N/APCNon Profit Leadership Excellence Scholarship Fund$2,000
THE BEACON OF HOPE CAYMAN FOUNDATION LTD
N/APCGeneral & Unrestricted$34,512PO BOX 10268GRAND CAYMANCJKY1-1003
THE ROTARY FOUNDATION OF ROTARY INTERNATIONAL
14280 COLLECTIONS CENTER DRCHICAGOIL60693N/APCGeneral & Unrestricted$2,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,083,061TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1,180ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$4,485ExclusionAmt
FieldValueIRS element (for citing)
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment IncomeOtherInvestmentIncomeGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$20,503ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$26,168ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$26,168TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonJames L Cary Revocable TrustContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line115 Overhill RoadAddressLine1Txt
CityOceanCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07712ZIPCd
FieldValueIRS element (for citing)
Total Contributions$10,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryGeneral ConsultationsCategoryTxt
Amt$975Amt
Disbursements Charitable Prps$975DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanationGrp

FieldValueIRS element (for citing)
IdentifierIN-KIND GRANTSIdentifierTxt
Form And Line ReferencePART I LINE 25 AND PART XIV LINE 3AFormAndLineReferenceDesc
Medium ExplanationDISTRIBUTIONS OF PROPERTY VALUE AT FAIR MARKET VALUE AT DATE OF DISTRIBUTION METHOD FOR DETERMINING FMV OF Aircraft: Appraisal METHOD OF DETERMINING BOOK VALUE OF Aircraft: Value on DATE CONTRIBUTED TO FOUNDATION TOTAL FAIR MARKET VALUE OF PROPERTY: $1,041,549 TOTAL BOOK VALUE OF PROPERTY: $1,039,854 TOTAL CASH PORTION OF GRANTS: $- TOTAL AMOUNT OF GRANTS: $1,041,549 FORM 990-PF, PART III, LINE 3 - OTHER INCREASES: $1,695 DETAILS OF ITEMS GRANTED: DESCRIPTION OF PROPERTY: 1944 ROYAL NAVY BEECHCRAFT FT-478 TRAVELER / D17-S STAGGERWING UNITS: 1 DATE OF DISTRIBUTION: 5/21/2023 GRANT RECIPIENT: 1941 HISTORICAL AIRCRAFT GROUP INC FMV OF PROPERTY: $1,041,549 BOOK VALUE OF PROPERTY: $1,039,854 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $1,041,549MediumExplanationTxt

Liquidation Explanation Stmt LiquidationExplanationStmt

FieldValueIRS element (for citing)
ExplanationThe following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2023, The Haugh Fund (the "Foundation") made distributions from assets from sources other than current income in complete liquidation. The Foundation received no funds and conducted no operations after the taxable year ending December 31, 2023. The Foundation originally filed the attached Certificate of Dissolution with the State of Delaware on December 27, 2023, but was required by the state to resubmit it on November 6, 2024. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein. A FINAL DISTRIBUTION OF THE FOUNDATION'S EXPECTED TAX REFUND OF $590 WILL BE MADE AS A GRANT TO A 501(C)(3) PUBLIC CHARITY PER IRS REGULATIONS.ExplanationTxt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescWRITE OFF OF PRI LOANSDesc
Amt$4,864,421Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmtNet Investment IncomeNetInvestmentIncomeAmt
Administrative Fees$40,231$40,231
Bank Charges$464$464
Office Supplies$126$126
State or Local Filing Fees$25$25

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail (2 entries)

DescDescAmtAmt
GRANT CORRECTION$2,500
GRANT OF AIRCRAFT$1,695

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryInvestment Management ServicesCategoryTxt
Amt$1,523Amt
Net Investment Income$1,523NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
4720 Extension for 2022$500
990-PF Estimated Tax for 2023$500
Foreign Tax Paid$533$533

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