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← PHILIP HOFER CHARITABLE TRUST

Form 990 for tax year 2023

Filed by PHILIP HOFER CHARITABLE TRUST.

Totals

Total revenue
$219,096
Total expenses
$109,205
Contributions and grants received
$0
Grants paid
$69,298
Program service revenue
$0
Investment income
$219,096
Other revenue
$0
Total assets, end of year
$4,027,258
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$4,027,258
Program services expenses (Part IX)
$93,664
Management and general expenses
$15,541
Fundraising expenses
$0
Program service expenses (Part III)
$93,664

Program services were 85.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $94,614 · excluded $94,614

  • 7a · Gross sales of assets other than inventory

    securities $2,678,092

  • 7b · Less cost or other basis and sales expenses

    securities $2,553,610

  • 7c · Gain or loss

    securities $124,482

  • 7d · Net gain or loss

    total $124,482 · excluded $124,482

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $69,298 · program services $69,298

  • 11c · Fees: accounting

    total $3,250 · program services $1,625 · management and general $1,625

  • 11f · Fees: investment management

    total $36,622 · program services $22,706 · management and general $13,916

  • 24a · Other expenses: MA Form PC filing fee

    total $35 · program services $35

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $151,319 · end of year $144,719

  • 11 · Investments: publicly traded securities

    beginning of year $3,433,685 · end of year $3,882,539

  • 29 · Capital stock, trust principal or current funds

    beginning of year $3,585,004 · end of year $4,027,258

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

The Trust was created and shall be operated exclusively for the benefit of and in connection with the Department of Printing and Graphic Arts of the Houghton Library at Harvard University, a Massachusetts charitable and educational corporation.

Activities or mission (Part I)

Grants to the Houghton Library at Harvard University

  • Funds generated through the Trust's investments are used to provide charitable grants to the Houghton Library at Harvard University for the housing and study of rare books and manuscripts.

    Expenses $93,664 · Grants $69,298

As filed on the 2023 return.

Listed in Part VII

  • Charles A Cheever

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Kristin T Abati

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Alexander Thorndike

    Trustee

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
9 October 2024
IRS schema version
2023v5.1
Source object
202412919349300006

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