GEOFFREY C HUGHES FOUNDATION INC: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- GEOFFREY C HUGHES FOUNDATION INC (EIN 13-3622255)
- Tax period
- 2024-04-01 to 2025-03-31
- Filed
- 2026-09-17
- IRS object ID
- 202642609349100409
- Schema version
- 2024v5.2
- 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
- Depreciation Schedule
- Investments Other Schedule2
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Reasonable Cause Explanation
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-09-17T13:37:53-04:00 | ReturnTs |
| Tax Period End | 2025-03-31 | 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 | 2024-04-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 133622255 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Geoffrey C Hughes Foundation Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Foundation Source | InCareOfNm |
| Business Name Control | GEOF | 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 | Matthew Bersani | PersonNm |
| Person Title | Treasurer | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2026-08-29 | 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 |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $32,022,583 | 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 | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $6,001 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $6,001 | InterestOnSavNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $1,022,002 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $4,799,323 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $2,022,619 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $876,423 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $876,423 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $1,904,426 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,905,043 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $392,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $392,000 | CompOfcrDirTrstDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $27,633 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $27,633 | PensionEmplBnftDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $58,323 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $58,323 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $29,800 | TaxesRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $95,127 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $38,860 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $56,267 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $602,883 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $97,183 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $475,900 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $2,210,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $2,210,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,812,883 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $97,183 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $2,685,900 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$908,457 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $2,807,860 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $34,670 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $124,972 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $124,972 | SavAndTempCashInvstEOYFMVAmt |
| Other Investments BOY | $33,702,099 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $32,703,340 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $31,897,611 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $33,736,769 | TotalAssetsBOYAmt |
| Total Assets EOY | $32,828,312 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $32,022,583 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $33,736,769 | RetainedEarningBOYAmt |
| Retained Earning EOY | $32,828,312 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $33,736,769 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $32,828,312 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $33,736,769 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $32,828,312 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $33,736,769 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$908,457 | ExcessRevenueOverExpensesAmt |
| Subtotal | $32,828,312 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $32,828,312 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (30 entries)
| PropertyPropertyDesc | Gain Or LossGainOrLossAmt | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| Passthrough K1 Capital Gain/(Loss) | $1,060,184 | ||||||
| STATE STREET MSCI EAFE INDEX NONLENDING CTF | $906 | P | 2019-03-31 | 2025-01-03 | $4,000 | $3,094 | |
| STATE STREET MSCI EAFE INDEX NONLENDING CTF | $940 | P | 2019-03-31 | 2025-01-06 | $4,000 | $3,060 | |
| STATE STREET MSCI EAFE INDEX NONLENDING CTF | $139,160 | P | 2019-03-31 | 2025-03-31 | $500,000 | $360,840 | |
| STATE STREET MSCI EAFE INDEX NONLENDING CTF | $46,269 | P | 2019-03-31 | 2024-05-03 | $164,000 | $117,731 | |
| STATE STREET MSCI EAFE INDEX NONLENDING CTF | $120,671 | P | 2019-03-31 | 2024-07-05 | $398,000 | $277,329 | $120,671 |
| STATE STREET MSCI EAFE INDEX NONLENDING CTF | $33,938 | P | 2019-03-31 | 2024-09-30 | $101,000 | $67,062 | $33,938 |
| STATE STREET MSCI EAFE INDEX NONLENDING CTF | $6,472 | P | 2019-03-31 | 2024-10-01 | $19,468 | $12,996 | $6,472 |
| STATE STREET MSCI EAFE INDEX NONLENDING CTF | $1,260 | P | 2019-03-31 | 2024-11-21 | $4,500 | $3,240 | $1,260 |
| STATE STREET REAL ASSET NON-LENDING CTF | $486 | P | 2019-03-31 | 2025-01-03 | $27,000 | $26,514 | $486 |
| STATE STREET REAL ASSET NON-LENDING CTF | $60 | P | 2019-03-31 | 2025-01-06 | $3,000 | $2,940 | $60 |
| STATE STREET REAL ASSET NON-LENDING CTF | $9,405 | P | 2019-03-31 | 2025-03-31 | $134,000 | $124,595 | $9,405 |
| STATE STREET REAL ASSET NON-LENDING CTF | $488 | P | 2019-03-31 | 2024-04-02 | $23,000 | $22,512 | $488 |
| STATE STREET REAL ASSET NON-LENDING CTF | $2,224 | P | 2019-03-31 | 2024-05-03 | $80,000 | $77,776 | $2,224 |
| STATE STREET REAL ASSET NON-LENDING CTF | $9,529 | P | 2019-03-31 | 2024-07-05 | $210,000 | $200,471 | $9,529 |
| STATE STREET REAL ASSET NON-LENDING CTF | $14,731 | P | 2019-03-31 | 2024-10-02 | $31,000 | $16,269 | $14,731 |
| STATE STREET US AGGREGATE BD INDEX NONLENDING CTF | -$3,062 | P | 2019-03-31 | 2025-01-03 | $85,000 | $88,062 | -$3,062 |
| STATE STREET US AGGREGATE BD INDEX NONLENDING CTF | -$149 | P | 2019-03-31 | 2025-01-06 | $4,000 | $4,149 | -$149 |
| STATE STREET US AGGREGATE BD INDEX NONLENDING CTF | -$136 | P | 2019-03-31 | 2025-03-31 | $20,000 | $20,136 | -$136 |
| STATE STREET US AGGREGATE BD INDEX NONLENDING CTF | -$10,552 | P | 2019-03-31 | 2024-05-03 | $243,000 | $253,552 | -$10,552 |
| STATE STREET US AGGREGATE BD INDEX NONLENDING CTF | -$12,811 | P | 2019-03-31 | 2024-07-05 | $584,000 | $596,811 | -$12,811 |
| STATE STREET US AGGREGATE BD INDEX NONLENDING CTF | -$29 | P | 2019-03-31 | 2024-11-21 | $4,200 | $4,229 | -$29 |
| STATE STREET US TOTAL MARKET INDEX NONLENDING CTF | $2,022 | 2019-03-31 | 2025-01-06 | $8,341 | $6,319 | $2,022 | |
| STATE STREET US TOTAL MARKET INDEX NONLENDING CTF | $14,500 | 2019-03-31 | 2024-04-02 | $62,000 | $47,500 | $14,500 | |
| STATE STREET US TOTAL MARKET INDEX NONLENDING CTF | $69,676 | 2019-03-31 | 2024-05-03 | $313,000 | $243,324 | $69,676 | |
| STATE STREET US TOTAL MARKET INDEX NONLENDING CTF | $61,725 | 2019-03-31 | 2024-06-02 | $232,000 | $170,275 | $61,725 | |
| STATE STREET US TOTAL MARKET INDEX NONLENDING CTF | $224,720 | 2019-03-31 | 2024-07-05 | $808,000 | $583,280 | $224,720 | |
| STATE STREET US TOTAL MARKET INDEX NONLENDING CTF | -$3,637 | 2019-03-31 | 2024-10-02 | $18,000 | $21,637 | -$3,637 | |
| STATE STREET US TOTAL MARKET INDEX NONLENDING CTF | $3,641 | 2019-03-31 | 2024-11-21 | $10,814 | $7,173 | $3,641 | |
| STATE STREET US TOTAL MARKET INDEX NONLENDING CTF | $229,988 | 2019-03-31 | 2024-12-31 | $704,000 | $474,012 | $229,988 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $2,022,619 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $39,029 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $39,029 | SubtotalAmt |
| Tax Based On Investment Income | $39,029 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $23,500 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $13,400 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $36,900 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $466 | EsPenaltyAmt |
| Tax Due | $2,595 | 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 | NY | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | 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 | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| 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 (7 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 |
|---|---|---|---|---|---|---|---|---|
| Mary Bersani | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Pres | 40.0 | $219,000 | $0 | $0 |
| Matthew Bersani | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Treas | 35.0 | $173,000 | $0 | $0 |
| CATHERINE BURNS | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Sec | 1.0 | $0 | $0 | $0 |
| Paul Burns | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir | 1.0 | $0 | $0 | $0 |
| Monica Orbe Cliff | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir | 1.0 | $0 | $0 | $0 |
| Ursula Cliff | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir | 1.0 | $0 | $0 | $0 |
| W Conway Cliff | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir | 1.0 | $0 | $0 | $0 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Foundation Source | |||||
| 55 Walls Drive Suite 302 | Fairfield | CT | 06824 | Administrative | $52,698 |
| State Street Global Advisors | |||||
| One Iron St Channel Ctr 6th Fl | BOSTON | MA | 02210 | Investment Mgmt | $58,323 |
| 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 | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $508,431 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $31,000,951 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $31,509,382 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $31,509,382 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $472,641 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $31,036,741 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,551,837 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,551,837 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $39,029 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $39,029 | TotalTaxAmt |
| Distributable Before Adj | $1,512,808 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $1,512,808 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,512,808 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $2,685,900 | 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 | $2,685,900 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,512,808 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr4 | $531,914 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $591,708 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $1,092,312 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $312,999 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $2,528,933 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $2,685,900 | QualifyingDistributionsAmt |
| Applied To Current Year | $1,512,808 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $1,173,092 | RemainingDistriFromCorpusAmt |
| Total Corpus | $3,702,025 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $3,702,025 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $531,914 | ExcessFromYear4Amt |
| Excess From Year3 | $591,708 | ExcessFromYear3Amt |
| Excess From Year2 | $1,092,312 | ExcessFromYear2Amt |
| Excess From Year1 | $312,999 | ExcessFromYear1Amt |
| Excess From Current Year | $1,173,092 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NONE | ContributingManagerNm |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | GEOFFREY C HUGHES FOUNDATION INC | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | FOUNDATION SOURCE 55 WALLS DR - 302 | AddressLine1Txt |
| City | FAIRFIELD | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06824 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Email Address | STROWBRIDGE@FOUNDATIONSOURCE.COM | RecipientEmailAddressTxt |
| Form And Info And Materials | A LETTER OF INQUIRY STATING THE PURPOSE AND THE AMOUNT REQUESTED AND THE TAX-EXEMPT STATUS OF THE APPLICANT ORGANIZATION SHOULD BE SUBMITTED VIA E-MAIL TO THE PRESIDENT OF THE FOUNDATION AT THE E-MAIL ADDRESS INDICATED: STROWBRIDGE@FOUNDATIONSOURCE.COM | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | None | SubmissionDeadlinesTxt |
| Restrictions On Awards | THERE ARE NO RESTRICTIONS ON AWARDS. THE FOUNDATION CONCENTRATES ON ENVIRONMENTAL PROTECTION, EDUCATION AND SOCIAL JUSTICE. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (26 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| 1BERKSHIRE STRATEGIC ALLIANCE FOUNDATION INC | |||||||
| PO BOX 4826 | PITTSFIELD | MA | 01202 | N/A | PC | BLACKSHIRES FUND | $40,000 |
| BERKSHIRE AGRICULTURE VENTURES | |||||||
| 4 CASTLE ST STE 215 | GREAT BARRINGTON | MA | 01230 | N/A | PC | General & Unrestricted | $75,000 |
| BERKSHIRE BIRD OBSERVATORY | |||||||
| PO BOX 145 | GT BARRINGTON | MA | 01230 | N/A | PC | General & Unrestricted | $50,000 |
| BERKSHIRE IMMIGRANT CENTER INC | |||||||
| 141 NORTH ST STE 303 | PITTSFIELD | MA | 01201 | N/A | PC | General & Unrestricted | $20,000 |
| BERKSHIRE NATURAL RESOURCES | |||||||
| 309 PITTSFIELD ROAD STE B | LENOX | MA | 01240 | N/A | PC | General & Unrestricted | $100,000 |
| BERKSHIRE OPERA FESTIVAL | |||||||
| 54 WENDELL AVE | PITTSFIELD | MA | 01201 | N/A | PC | General & Unrestricted | $25,000 |
| BERKSHIRES BOUNTY INC | |||||||
| PO BOX 1037 | GT BARRINGTON | MA | 01230 | N/A | PC | General & Unrestricted | $15,000 |
| CAMPAIGN LEGAL CENTER INC | |||||||
| 1101 14TH ST NW STE 400 | WASHINGTON | DC | 20005 | N/A | PC | General & Unrestricted | $150,000 |
| CONSTRUCT INC | |||||||
| 316A STATE RD | GREAT BARRINGTON | MA | 01230 | N/A | PC | General & Unrestricted | $50,000 |
| COUNCIL ON THE ENVIRONMENT INC | |||||||
| PO BOX 2327 | NEW YORK | NY | 10272 | N/A | PC | General & Unrestricted | $25,000 |
| GREATER CHICAGO FOOD DEPOSITORY | |||||||
| 4100 W ANN LURIE PL | CHICAGO | IL | 60632 | N/A | PC | General & Unrestricted | $50,000 |
| GREENAGERS INC | |||||||
| PO BOX 157 | S EGREMONT | MA | 01258 | N/A | PC | General & Unrestricted | $50,000 |
| JACOBS PILLOW DANCE FESTIVAL INC | |||||||
| 358 GEORGE CARTER RD | BECKET | MA | 01223 | N/A | PC | General & Unrestricted | $10,000 |
| LITERACY NETWORK OF SOUTH BERKSHIRE INC | |||||||
| 32 PARK ST | LEE | MA | 01238 | N/A | PC | General & Unrestricted | $20,000 |
| MAHAIWE PERFORMING ARTS CENTER INC | |||||||
| 244 MAIN ST STE 3 | GT BARRINGTON | MA | 01230 | N/A | PC | General & Unrestricted | $50,000 |
| NATIONAL REDISTRICTING FOUNDATION | |||||||
| 712 H ST NE 25 | WASHINGTON | DC | 20002 | N/A | PC | General & Unrestricted | $150,000 |
| NATURE CONSERVANCY | |||||||
| 4245 N FAIRFAX DRIVE STE 100 | ARLINGTON | VA | 22203 | N/A | PC | TO SUPPORT THE MASSACHUSETTS CHAPTER OF THE NATURE CONSERVANCY | $125,000 |
| NEIGHBORS LINK CORP | |||||||
| 350 LEXINGTON AVE | MOUNT KISCO | NY | 10549 | N/A | PC | General & Unrestricted | $100,000 |
| NONPROFIT CENTER OF THE BERKSHIRES INC | |||||||
| 186 SANDISFIELD RD | SANDISFIELD | MA | 01255 | N/A | PC | General & Unrestricted | $10,000 |
| PITTSFIELD COMMUNITY FOOD PANTRY INC | |||||||
| 110 S ST | PITTSFIELD | MA | 01201 | N/A | PC | General & Unrestricted | $75,000 |
| PRINCETON IN ASIA INC | |||||||
| LOUIS A SIMPSON INTERNATIONAL BLDG | PRINCETON | NJ | 08544 | N/A | PC | General & Unrestricted | $100,000 |
| SHEFFIELD LAND TRUST INC | |||||||
| PO BOX 940 | SHEFFIELD | MA | 01257 | N/A | PC | General & Unrestricted | $750,000 |
| STREETSQUASH INC | |||||||
| 40 WEST 116TH ST | NEW YORK | NY | 10026 | N/A | PC | General & Unrestricted | $60,000 |
| THE BERKSHIRE TACONIC COMMUNITY FOUNDATION INC | |||||||
| 800 N MAIN ST | SHEFFIELD | MA | 01257 | N/A | PC | TO SUPPORT R.O.P.E. | $10,000 |
| TIDES FOUNDATION | |||||||
| PO BOX 889389 | LOS ANGELES | CA | 90088 | N/A | PC | Movement Voter Fund | $50,000 |
| VOTE ORG | |||||||
| 1763 COLUMBIA RD PMB 239712 175 | WASHINGTON | DC | 20009 | N/A | PC | General & Unrestricted | $50,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $2,210,000 | 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 | $6,001 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Dividends And Interest From Sec Dtl | DividendsAndInterestFromSecDtl | |
| 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 | $1,022,002 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp (2 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|
| K-1 Inc/Loss | 14 | $876,241 |
| FOREIGN TAX REFUND | 01 | $182 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $1,904,426 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,904,426 | 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 |
Depreciation Schedule DepreciationSchedule
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| STATE STREET MSCI EAFE INDEX N | $5,356,095 | $6,258,667 |
| STATE STREET REAL ASSET NON-LE | $2,967,112 | $3,222,939 |
| STATE STREET US AGGREGATE BD I | $10,905,565 | $9,731,672 |
| STATE STREET US TOTAL MARKET I | $13,474,568 | $12,684,333 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (9 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Administrative Fees | $52,273 | $52,273 | |
| Administrative Set-Up Fee | $425 | $425 | |
| Foundation Dues & Memberships | $830 | $830 | |
| Indemnification Insurance | $1,989 | $1,989 | |
| K-1 Exp STATE STREET MSCI EAFE | $31,984 | $31,984 | |
| K-1 Exp STATE STREET REAL ASSE | $3,324 | $3,324 | |
| K-1 Exp STATE STREET US AGGREG | $1,132 | $1,132 | |
| K-1 Exp STATE STREET US TOTAL | $2,420 | $2,420 | |
| State or Local Filing Fees | $750 | $750 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| K-1 Inc/Loss STATE STREET MSCI EAFE INDEX NONLEND | $199,025 | $199,025 |
| K-1 Inc/Loss STATE STREET REAL ASSET NON-LENDING | $122,078 | $122,078 |
| K-1 Inc/Loss STATE STREET US AGGREGATE BD INDEX N | $375,397 | $375,397 |
| K-1 Inc/Loss STATE STREET US TOTAL MARKET INDEX N | $179,741 | $179,741 |
| FOREIGN TAX REFUND | $182 | $182 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment Management Services | CategoryTxt |
| Amt | $58,323 | Amt |
| Net Investment Income | $58,323 | NetInvestmentIncomeAmt |
Reasonable Cause Explanation ReasonableCauseExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | We respectfully request that Geoffrey C. Hughes Foundation, Inc.'s quarterly estimated taxes for taxable year ending March 31, 2025 be treated as timely and request that the $1,529 penalty indicated on Form 2220 be abated because the underpayment in Q1, Q2, Q3, and Q4 was due to reasonable cause. Treasury Regulations Sec 301.6651-1(c)(1) defines reasonable by asking whether the taxpayer exercised ordinary business care and prudence. The Foundation exercised care and prudence in seeking a reputable firm knowledgeable about exempt organizations to calculate its quarterly estimates for tax period ending December 31, 2024. The firm was unable to reconcile the Foundation's accounts fully in order to calculate the necessary estimated tax payment for Q1, Q2, Q3 and Q4 based on the annualization method. The underpayment was no fault of the foundation's and the firm is enhancing its procedures to improve its reconciliation process for future quarters. We believe that the underpayment was due to reasonable cause and in no way due to an intentional disregard for the rules, and respectfully request that no 2220 penalty be assessed. | ExplanationTxt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt |
|---|---|
| 990-PF Estimated Tax for 2025 | $23,500 |
| 990-PF Extension for 2024 | $6,300 |
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