MCGOUGH FRAZIER FAMILY FOUNDATION: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- MCGOUGH FRAZIER FAMILY FOUNDATION (EIN 99-0484432)
- Tax period
- 2024-01-03 to 2024-12-31
- Filed
- 2025-06-05
- IRS object ID
- 202521569349100217
- Schema version
- 2024v5.1
- 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
- Form 990-PF
- Schedule B
- Depreciation Schedule
- Investments Corp Stock Schedule
- Other Expenses Schedule
- Other Professional Fees Schedule
- Reasonable Cause Explanation
- Substantial Contributors Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-06-05T14:32:19-05:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3333 New Hyde Park Rd Ste 406 | AddressLine1Txt |
| City | New Hyde Park | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11042 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-01-03 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 990484432 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | McGough Frazier Family Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Foundation Source | InCareOfNm |
| Business Name Control | MCGO | BusinessNameControlTxt |
| Phone | 8008391754 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Foundation Source 501 Silverside Rd | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | w thomas mcgough jr | PersonNm |
| Person Title | president | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2025-05-29 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jeffrey D Haskell | PreparerPersonNm |
| PTIN | P01345770 | PTIN |
| Phone | 8008391754 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Initial Return | Yes (X) | InitialReturnInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $1,005,404 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $1,006,200 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $36 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $36 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $21,508 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $21,508 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $14,552 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,211,368 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $705,525 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $1,042,296 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $727,069 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $7,123 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $7,123 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $9,817 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $17 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $14,100 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $14,100 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $31,040 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $7,140 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $14,100 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $49,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $49,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $80,040 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $7,140 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $63,100 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $962,256 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $719,929 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst EOY | $7,834 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $7,834 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock EOY | $954,422 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $997,570 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $0 | TotalAssetsBOYAmt |
| Total Assets EOY | $962,256 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $1,005,404 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning EOY | $962,256 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $0 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $962,256 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $0 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $962,256 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $0 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $962,256 | ExcessRevenueOverExpensesAmt |
| Subtotal | $962,256 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $962,256 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | Publicly-traded Securities | PropertyDesc |
| Gross Sales Price | $1,211,368 | GrossSalesPriceAmt |
| Cost Or Other Basis | $505,843 | CostOrOtherBasisAmt |
| Gain Or Loss | $705,525 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $705,525 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $705,525 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $10,007 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $10,007 | SubtotalAmt |
| Tax Based On Investment Income | $10,007 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $9,800 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $9,800 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $96 | EsPenaltyAmt |
| Tax Due | $303 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | DE | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (true) | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8008391754 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 501 Silverside Road Suite 123 | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| Emily Ann McGough | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Sec | 1.0 | $0 | $0 | $0 |
| Rebecca F McGough | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Treas | 1.0 | $0 | $0 | $0 |
| Walter Thomas McGough III | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir | 1.0 | $0 | $0 | $0 |
| Walter Thomas McGough Jr | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Pres | 1.0 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp | |
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $854,688 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $9,128 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $863,816 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $863,816 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $12,957 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $850,859 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $42,310 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $42,310 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $10,007 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $10,007 | TotalTaxAmt |
| Distributable Before Adj | $32,303 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $32,303 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $32,303 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $63,100 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $63,100 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $32,303 | DistributableAsAdjustedAmt |
| Qualifying Distributions | $63,100 | QualifyingDistributionsAmt |
| Applied To Current Year | $32,303 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $30,797 | RemainingDistriFromCorpusAmt |
| Total Corpus | $30,797 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $30,797 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $30,797 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Rebecca F McGough | ContributingManagerNm |
| Contributing Manager | Walter Thomas McGough Jr | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| AUDUBON SOCIETY OF WESTERN PENNSYLVANIA INC | |||||||
| 614 DORSEYVILLE RD | PITTSBURGH | PA | 15238 | N/A | PC | General & Unrestricted | $1,000 |
| BARBARAS HOUSE INC | |||||||
| 2 ST ROCHS AVE 2ND FL | GREENWICH | CT | 06830 | N/A | PC | General & Unrestricted | $1,000 |
| BOSTON UNIVERSITY | |||||||
| 949 COMMONWEALTH AVE | BOSTON | MA | 02215 | N/A | PC | General & Unrestricted | $5,000 |
| CATHOLIC CHARITIES OF THE DIOCESE OF PITTSBURGH IN | |||||||
| 111 BLVD OF THE ALLIES | PITTSBURGH | PA | 15222 | N/A | PC | General & Unrestricted | $20,000 |
| ELEANOR WHITMORE EARLY CHILDHOOD CENTER INC | |||||||
| PO BOX 63 | EAST HAMPTON | NY | 11937 | N/A | PC | General & Unrestricted | $2,000 |
| HUMANE ANIMAL RESCUE | |||||||
| 6926 HAMILTON AVE | PITTSBURGH | PA | 15208 | N/A | PC | General & Unrestricted | $1,000 |
| MORE THAN WORDS INC | |||||||
| 56 FELTON ST | WALTHAM | MA | 02453 | N/A | PC | General & Unrestricted | $2,500 |
| UNIVERSITY OF VIRGINIA LAW SCHOOL FOUNDATION | |||||||
| 580 MASSIE RD | CHARLOTTESVILLE | VA | 22903 | N/A | PC | General & Unrestricted | $10,000 |
| WE NEED DIVERSE BOOKS | |||||||
| 10319 WESTLAKE DR 104 | BETHESDA | MD | 20817 | N/A | PC | General & Unrestricted | $1,500 |
| WQED MULTIMEDIA | |||||||
| 4802 FIFTH AVE | PITTSBURGH | PA | 15213 | N/A | PC | General & Unrestricted | $5,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $49,000 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $36 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $21,508 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Income | OtherInvestmentIncomeGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $14,552 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $36,096 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $36,096 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | McGough Jr Walter Thomas | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 537 N Neville Street 2B | AddressLine1Txt |
| City | Pittsburgh | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 15213 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $1,006,200 | TotalContributionsAmt |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | VANGUARD VALUE INDEX ADM SHARE VVIAX, 16250 sh. | NoncashPropertyDesc |
| Fair Market Value | $1,006,200 | FairMarketValueAmt |
| Received | 2024-03-11 | ReceivedDt |
Depreciation Schedule DepreciationSchedule
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (76 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ABBVIE INC | $5,077 | $5,192 |
| ALPHABET INC CL A | $14,664 | $18,055 |
| AMAZON COM | $12,408 | $15,421 |
| AMGEN INC | $3,025 | $2,934 |
| ANALOG DEVICES INC | $6,328 | $5,849 |
| APPLE INC | $14,957 | $21,248 |
| ASTRAZENECA | $8,545 | $8,190 |
| AT&T, INC | $2,800 | $2,823 |
| BANK NEW YORK MELLON CORP COM | $2,820 | $2,820 |
| BANK OF AMERICA CORP | $7,477 | $9,186 |
| BERKSHIRE HATHAWAY INC. CLASS | $5,341 | $5,972 |
| BLACKROCK INC | $15,882 | $19,998 |
| BOOKING HOLDINGS INC | $4,629 | $6,663 |
| CHENIERE ENERGY INC | $1,900 | $2,381 |
| CHEVRON CORP | $15,778 | $14,774 |
| CHUBB LIMITED | $3,490 | $3,763 |
| CME GROUP, INC | $3,810 | $4,050 |
| COLGATE-PALMOLIVE COMPANY | $4,840 | $4,969 |
| CONSTELLATION ENERGY GROUP INC | $2,188 | $2,319 |
| CRH PLC - AMERICAN DEPOSITARY | $6,685 | $7,926 |
| CROWN CASTLE INTL | $5,612 | $4,816 |
| DELL TECHNOLOGIES INC CLASS C | $2,932 | $3,073 |
| EATON CORP PLC | $10,238 | $10,601 |
| ECOLAB INC | $6,139 | $6,371 |
| EMBRAER EMPRESA BR | $5,962 | $7,739 |
| EXXON MOBIL CORP | $7,519 | $7,273 |
| FISERV, INC | $9,842 | $9,886 |
| FOMENTO ECONOMICO MEXICANO | $8,088 | $5,366 |
| FREEPORT-MCMORAN COPPER & GOLD | $2,675 | $1,963 |
| FULLER & THALER BEHAVIORAL SMA | $22,240 | $22,505 |
| GEN DYNAMICS CP | $4,009 | $3,563 |
| GOLDMAN SACHS GROUP | $6,834 | $9,323 |
| HOME DEPOT INC | $8,146 | $8,571 |
| HONEYWELL INTL | $9,054 | $10,390 |
| ISHARES BARCLAYS 1-3 YEAR TREA | $64,184 | $64,518 |
| ISHARES BARCLAYS 3-7 YEAR TREA | $95,045 | $95,329 |
| ISHARES MSCI INDIA ETF | $11,912 | $12,055 |
| ISHARES MSCI-JAPAN | $16,731 | $16,372 |
| ISHARES MSCI-SOUTH KOREA | $9,500 | $7,379 |
| JOHNSON & JOHNSON | $8,970 | $8,240 |
| JP MORGAN CHASE | $22,856 | $28,765 |
| JP MORGAN STRATEGIC INCOME OPP | $32,670 | $32,618 |
| JP MORGAN ULTRA SHORT INCOME E | $102,866 | $102,907 |
| M&T BANK CORP | $3,746 | $4,074 |
| MCDONALD'S CORP | $2,947 | $3,119 |
| MERCADOLIBRE, INC | $7,046 | $7,070 |
| MERCK & CO INC | $10,635 | $8,924 |
| META PLATFORMS INC | $3,533 | $4,280 |
| MICROSOFT CORP | $16,588 | $16,712 |
| NETFLIX INC | $5,612 | $8,197 |
| NEXTERA ENERGY, INC | $3,162 | $3,828 |
| NORTHROP GRUMMAN CORP | $3,644 | $3,587 |
| NOVO NORDISK A S | $9,781 | $6,351 |
| NVIDIA CORP | $11,692 | $16,921 |
| PACCAR INC | $6,938 | $6,116 |
| PALO ALTO NETWORKS INC | $4,872 | $6,275 |
| PROCTER GAMBLE CO | $5,195 | $5,373 |
| PROLOGIS | $6,038 | $5,019 |
| S&P GLOBAL INC COM | $5,361 | $6,335 |
| SALESFORCE.COM | $5,816 | $6,581 |
| SAP AKTIENGESELL ADS | $6,631 | $8,700 |
| SCHLUMBERGER LTD | $3,470 | $2,783 |
| SEMPRA ENERGY COM | $3,920 | $4,731 |
| SHERWIN-WILLIAMS CO | $12,993 | $13,143 |
| SONY GROUP CORP | $5,373 | $6,517 |
| SPDR BARCLAYS CAPITAL 1-3 MONT | $5,378 | $5,369 |
| SPOTIFY TECHNOLOGY SA | $2,363 | $3,645 |
| STARBUCKS CORP COM | $2,695 | $2,841 |
| T-MOBILE US INC | $3,758 | $5,035 |
| TAIWAN SEMICONDUCTOR MFG CO LT | $7,239 | $10,473 |
| UBS AG | $8,678 | $8,247 |
| UNITEDHEALTH GROUP INC | $10,475 | $10,670 |
| VISA INC | $8,044 | $8,979 |
| WALT DISNEY HOLDINGS CO | $11,157 | $10,974 |
| WASTE CONNECTIONS | $6,815 | $6,896 |
| WFA CORE BOND FD INST | $126,159 | $125,649 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| Administrative Fees | $7,100 | $7,100 |
| Administrative Set-Up Fee | $5,900 | $5,900 |
| Delaware Incorporation Fees | $500 | $500 |
| IRS Application Fees | $600 | $600 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment Management Services | CategoryTxt |
| Amt | $7,123 | Amt |
| Net Investment Income | $7,123 | NetInvestmentIncomeAmt |
Reasonable Cause Explanation ReasonableCauseExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | The Foundation's administrator initially mailed a request to update the Foundation's name in the Internal Revenue Service's (the "Service") database in advance of any tax deadlines. Due to the IRS' backlog and through no fault of the Foundation, to date the name change request has still not been processed and the Foundation has been prevented from enrolling in EFTPS to make any tax payments. The funds have been disbursed from the Foundation's account and are being held by the administrator until such time that EFTPS enrollment can be completed successfully. As such, Form 2220, if applicable, was prepared as if the name change had been acknowledged and reports the quarterly estimated tax payments as made timely by the original due dates of such payments. In addition, Form 990-PF Part V, Line 6a, Line 6c, and/or Line 9 includes payments as applicable. Once the name has been updated on the account by the Service, the Foundation's administrator will enroll the Foundation in EFTPS and submit all required payments on its behalf. According to the standards set forth in Rev. Proc. 92-85, we believe the Foundation's actions were reasonable and in good faith. We respectfully request that no underpayment penalties of quarterly estimated taxes and/or late payment penalties be assessed in connection with such payments. | ExplanationTxt |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor Detail SubstantialContributorDetail (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd |
|---|---|---|---|
| McGough Jr Walter Thomas | |||
| 537 N Neville Street 2B | Pittsburgh | PA | 15213 |
| McGough Rebecca F | |||
| 537 N Neville Street 2B | Pittsburgh | PA | 15213 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| 990-PF Estimated Tax for 2024 | $9,800 | |
| Foreign Tax Paid | $17 | $17 |
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