PENNER FAMILY FOUNDATION: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- PENNER FAMILY FOUNDATION (EIN 81-0831228)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-08-27
- IRS object ID
- 202402409349100855
- 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
- Form 990-PF
- Accounting Fees Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-08-27T16:26:38+00:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 621665434 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WALTON ENTERPRISES LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1860 | AddressLine1Txt |
| City | BENTONVILLE | CityNm |
| State Abbreviation | AR | StateAbbreviationCd |
| ZIP | 727121860 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 810831228 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Penner Family Foundation Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PENN | BusinessNameControlTxt |
| Phone | 4794641570 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1860 | AddressLine1Txt |
| City | BENTONVILLE | CityNm |
| State Abbreviation | AR | StateAbbreviationCd |
| ZIP | 72712 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ROBERT A SMITH | PersonNm |
| Person Title | ASSISTANT TREASURER | PersonTitleTxt |
| Signature | 2024-08-27 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LUKE C MITCHELL | PreparerPersonNm |
| PTIN | P03095207 | PTIN |
| Phone | 4794641500 | PhoneNum |
| Preparation | 2024-08-27 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-08-08 14:25:15Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $136,479,434 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $3,247,193 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $3,246,993 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$800,389 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $32,290,702 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Gross Sales Less Ret And Allwnc | $0 | GrossSalesLessRetAndAllwncAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
| Gross Profit Rev And Expnss | $0 | GrossProfitRevAndExpnssAmt |
| Other Income Rev And Expnss | $1,445,750 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $1,445,750 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $0 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $3,892,554 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $4,692,743 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Legal Fees Rev And Expnss | $1,922 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $1,922 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $58,153 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $58,153 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $316,457 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $232,389 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $84,068 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $68,850 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $68,850 | InterestNetInvstIncmAmt |
| Taxes Rev And Expnss | $296,319 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $71,319 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $0 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $0 | DeprecAndDpltnAdjNetIncmAmt |
| Other Expenses Rev And Expnss | $364,033 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $364,008 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $25 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,105,734 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $736,566 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $144,168 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $28,861,200 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $28,861,200 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $29,966,934 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $736,566 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $29,005,368 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$26,074,380 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $3,956,177 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $247,170 | CashBOYAmt |
| Cash EOY | $108,718 | CashEOYAmt |
| Cash EOYFMV | $108,718 | CashEOYFMVAmt |
| Acct Rcvbl BOY | $0 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $0 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $0 | AcctRcvblEOYFMVAmt |
| Pledges Rcvbl BOY | $0 | PledgesRcvblBOYAmt |
| Pledges Rcvbl EOY | $0 | PledgesRcvblEOYAmt |
| Pledges Rcvbl EOYFMV | $0 | PledgesRcvblEOYFMVAmt |
| Rcvbl From Officers BOY | $0 | RcvblFromOfficersBOYAmt |
| Rcvbl From Officers EOY | $0 | RcvblFromOfficersEOYAmt |
| Rcvbl From Officers EOYFMV | $0 | RcvblFromOfficersEOYFMVAmt |
| Other Nts And Loans Rcvbl | $0 | OtherNtsAndLoansRcvblAmt |
| Other Rcvbl Allwnc Dbtfl Acct | $0 | OtherRcvblAllwncDbtflAcctAmt |
| Other Nts And Loans Rcvbl BOY | $0 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $0 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $0 | OtherNtsAndLoansRcvblEOYFMVAmt |
| US Government Obligations BOY | $0 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $0 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $0 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $0 | CorporateStockBOYAmt |
| Corporate Stock EOY | $0 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $0 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $0 | CorporateBondsBOYAmt |
| Corporate Bonds EOYFMV | $0 | CorporateBondsEOYFMVAmt |
| Invst Land Cost Or Other Basis | $0 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $0 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments BOY | $0 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOYFMV | $0 | LandBldgInvestmentsEOYFMVAmt |
| Other Investments BOY | $144,549,229 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $118,613,301 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $136,370,716 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $0 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $0 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $0 | LandBOYAmt |
| Land EOYFMV | $0 | LandEOYFMVAmt |
| Other Assets BOY | $0 | OtherAssetsBOYAmt |
| Other Assets EOY | $0 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $0 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $144,796,399 | TotalAssetsBOYAmt |
| Total Assets EOY | $118,722,019 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $136,479,434 | TotalAssetsEOYFMVAmt |
| Loans From Officers BOY | $0 | LoansFromOfficersBOYAmt |
| Loans From Officers EOY | $0 | LoansFromOfficersEOYAmt |
| Mortgages And Notes Payable BOY | $0 | MortgagesAndNotesPayableBOYAmt |
| Mortgages And Notes Payable EOY | $0 | MortgagesAndNotesPayableEOYAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $144,796,399 | RetainedEarningBOYAmt |
| Retained Earning EOY | $118,722,019 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $144,796,399 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $118,722,019 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $144,796,399 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $118,722,019 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $144,796,399 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$26,074,380 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $118,722,019 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $118,722,019 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Excess FMV Over Adjusted BssExcessFMVOverAdjustedBssAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|
| GOLDMAN SACHS - COVERED CALLS | P | $2,109,535 | $1,764,588 | $344,947 | $0 | $344,947 |
| GOLDMAN SACHS - COVERED CALLS | P | $12,797,015 | $13,464,995 | -$667,980 | $0 | -$667,980 |
| GOLDMAN SACHS - COVERED PUTS | P | $3,185,590 | $1,739,557 | $1,446,033 | $0 | $1,446,033 |
| NT ENDOWMENT CASH - VARIOUS STOCKS | P | $14,198,562 | $15,956,023 | -$1,757,461 | $0 | -$1,757,461 |
| PASS THROUGH GAIN/LOSS | P | $0 | $165,928 | -$165,928 | $0 | -$165,928 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$800,389 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $0 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $54,991 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $54,991 | SubtotalAmt |
| Tax Based On Investment Income | $54,991 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $437,587 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $437,587 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $382,596 | OverpaymentAmt |
| Applied To ES Tax | $382,596 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
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 |
| Org Report Or Register State | AR | 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 |
| Individual With Books | KARI HARRIS | IndividualWithBooksNm |
| Phone | 4794641570 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 2030 | AddressLine1Txt |
| City | BENTONVILLE | CityNm |
| State Abbreviation | AR | StateAbbreviationCd |
| ZIP | 72712 | 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 | Yes (true) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | 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 (5 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 |
|---|---|---|---|---|---|---|---|---|
| CARRIE W PENNER | ||||||||
| PO BOX 1860 | BENTONVILLE | AR | 72712 | DIRECTOR, PRESIDENT | 3.000 | $0 | $0 | $0 |
| GREGORY B PENNER | ||||||||
| PO BOX 1860 | BENTONVILLE | AR | 72712 | DIRECTOR, V.P., SECRETARY, TREASURER | 3.000 | $0 | $0 | $0 |
| ERRON SMITH | ||||||||
| PO BOX 1860 | BENTONVILLE | AR | 72712 | ASSISTANT SECRETARY | 1.000 | $0 | $0 | $0 |
| LUKE MITCHELL | ||||||||
| PO BOX 1860 | BENTONVILLE | AR | 72712 | ASSISTANT TREASURER (AS OF 12/15/23) | 1.000 | $0 | $0 | $0 |
| ROBERT A SMITH | ||||||||
| PO BOX 1860 | BENTONVILLE | AR | 72712 | ASSISTANT TREASURER (UNTIL 12/15/23) | 1.000 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| WALTON ENTERPRISES LLC | |||||
| PO BOX 1860 | BENTONVILLE | AR | 72712 | ADMINISTRATIVE/MANAGEMENT FEES | $191,986 |
| GOLDMAN SACHS | |||||
| 71 SOUTH WACKER DRIVE SUITE 500 | CHICAGO | IL | 60606 | INVESTMENT MANAGEMENT | $166,447 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $145,603,123 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $4,647,262 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $150,250,385 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $150,250,385 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $2,253,756 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $147,996,629 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $7,399,831 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $7,399,831 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $54,991 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $54,991 | TotalTaxAmt |
| Distributable Before Adj | $7,344,840 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $7,344,840 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $7,344,840 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $29,005,368 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $29,005,368 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $7,344,840 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2021 | PriorYear1Yr |
| Prior Year2 | 2020 | PriorYear2Yr |
| Prior Year3 | 2019 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $1,200,804 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $7,247,165 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $9,526,509 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $8,908,703 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $8,400,474 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $35,283,655 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $29,005,368 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $7,344,840 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $21,660,528 | RemainingDistriFromCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $56,944,183 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $1,200,804 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $55,743,379 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $7,247,165 | ExcessFromYear4Amt |
| Excess From Year3 | $9,526,509 | ExcessFromYear3Amt |
| Excess From Year2 | $8,908,703 | ExcessFromYear2Amt |
| Excess From Year1 | $8,400,474 | ExcessFromYear1Amt |
| Excess From Current Year | $21,660,528 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | CARRIE W PENNER | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (77 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| Aspen Center for Environmental Studies | ||||||
| 100 Puppy Smith Street | Aspen | CO | 81611 | PC | Environment - General Operating Support | $25,000 |
| Aspen Center for Environmental Studies | ||||||
| 100 Puppy Smith Street | Aspen | CO | 81611 | PC | 50th Anniversary Campaign | $250,000 |
| Aspen Country Day School Inc | ||||||
| 85 Country Day Way | Aspen | CO | 81611 | PC | Education - General Operating Support | $25,000 |
| Aspen Journalism | ||||||
| 1280 Ute Ave Suite 9 | Aspen | CO | 81611 | PC | Environment - General Operating Support | $5,000 |
| Aspen Public Radio | ||||||
| 110 E Hallam | Aspen | CO | 81611 | PC | Community Development - General Operating Support | $10,000 |
| Brown University | ||||||
| Box 1877 | Providence | RI | 02912 | PC | Brown Undergraduate Internship and Research Fund | $2,000,000 |
| Brown University | ||||||
| Box 1877 | Providence | RI | 02912 | PC | Van Wickle Scholarship Fund | $2,000,000 |
| Brown University | ||||||
| Box 1877 | Providence | RI | 02912 | PC | Turf Field House | $8,000,000 |
| Brown University | ||||||
| Box 1877 | Providence | RI | 02912 | PC | Education - Performing Arts Center | $1,000,000 |
| Brown University | ||||||
| Box 1877 | Providence | RI | 02912 | PC | 2023 Annual Grant/September - Undergraduate Annual Fund | $50,000 |
| Brown University | ||||||
| Box 1877 | Providence | RI | 02912 | PC | Athletics - Water Polo Support | $20,000 |
| California Academy of Sciences | ||||||
| 55 Music Concourse Drive | San Francisco | CA | 94118 | PC | Education - General Operating Support | $30,000 |
| Charles Armstrong School | ||||||
| 1405 Solana Drive | Belmont | CA | 94002 | PC | Education - General Operating Support | $5,000 |
| Child Advocates of Silicon Valley Inc | ||||||
| 509 Valley Way Bldg 2 | Milpitas | CA | 95035 | PC | Community Development - General Operating Support | $5,000 |
| Child Mind Institute Inc | ||||||
| 101 East 56th Street | New York | NY | 10022 | PC | Health - General Operating Support | $15,000 |
| Children's Health Council Inc | ||||||
| 650 Clark Way | Palo Alto | CA | 94304 | PC | Health - General Operating Support | $1,000 |
| Colorado Mountain College Foundation Inc | ||||||
| 802 Grand Ave | Glenwood Springs | CO | 81601 | PC | Education - General Operating Support | $10,000 |
| Denver Police Foundation | ||||||
| PO Box 40483 | Denver | CO | 80204 | PC | Community Development - General Operating Support | $20,000 |
| Edgewood Center for Children and Families | ||||||
| 1801 Vicente Street | San Francisco | CA | 94116 | PC | Health - General Operating Support | $1,000 |
| Entitlements How Inc | ||||||
| 1000 Pendleton Street | Alexandria | VA | 22314 | PC | Community Development - General Operating Support | $250,000 |
| Environmental Working Group | ||||||
| 1250 I Street Northwest | Washington | DC | 20005 | PC | Health - General Operating Support | $1,000 |
| Friends of the Palo Alto Junior Museum and Zoo | ||||||
| 1451 Middlefield Road | Palo Alto | CA | 94301 | PC | Education - General Operating Support | $1,000 |
| Fuller Theological Seminary | ||||||
| Office of Development | Pasadena | CA | 91182 | PC | Religion - General Operating Support | $10,000 |
| Georgetown University | ||||||
| 37th and O Streets NW | Washington | DC | 20057 | PC | Support for the College of Arts and Sciences | $10,000 |
| Georgetown University | ||||||
| 37th and O Streets NW | Washington | DC | 20057 | PC | Education - General Operating Support | $25,000 |
| Georgetown University | ||||||
| 37th and O Streets NW | Washington | DC | 20057 | PC | Support for the School of Foreign Service | $10,000 |
| Governor Dummer Academy | ||||||
| 1 Elm Street | Byfield | MA | 01922 | PC | Education - General Operating Support | $25,000 |
| Greater Washington Educational Telecommunications Association Inc | ||||||
| 3939 Campbell Avenue | Arlington VA | VA | 22206 | PC | Support for PBS Program - Tell Me More with Kelly Corrigan | $325,000 |
| Habitat for Humanity Greater San Francisco | ||||||
| 500 Washington Street Suite 250 | San Francisco | CA | 94111 | PC | Community and Economic Development - General Operating Support | $10,000 |
| Honored Foundation | ||||||
| 1645 31st St NW | Washington | DC | 20007 | PC | Education - General Operating Support | $25,000 |
| Jim Saunders Fund | ||||||
| PO Box 1089 | Kailua Kona | HI | 96745 | PC | Education - General Operating Support | $10,000 |
| KIPP Foundation | ||||||
| 135 Main Street | San Francisco | CA | 94105 | PC | Community Development - Aspen Ideas Festival Sponsership - KIPP Alumni Accelerator Fellows | $25,200 |
| KIPP Foundation | ||||||
| 135 Main Street | San Francisco | CA | 94105 | PC | Community Development - 2025 Campaign and Leadership Priorities | $5,000,000 |
| KQED Inc | ||||||
| 2601 Mariposa Street | San Francisco | CA | 94110 | PC | Arts/Culture - General Operating Support | $5,000 |
| Lucile Packard Foundation for Children's Health | ||||||
| 400 Hamilton Avenue Suite 340 | Palo Alto | CA | 94301 | PC | Health - General Operating Support | $10,000 |
| Menlo School | ||||||
| 50 Valparaiso | Atherton | CA | 94027 | PC | Education - General Operating Support | $10,000 |
| Midpeninsula Regional Open Space District | ||||||
| 330 Distel Circle | Los Altos | CA | 94022 | GOV | Environment - General Operating Support | $5,000 |
| Monterey Bay Aquarium Foundation | ||||||
| 886 Cannery Row | Monterey | CA | 93940 | PC | Environment - General Operating Support | $10,000 |
| Monterey Peninsula Foundation | ||||||
| 1 Lower Ragsdale Dr | Monterey | CA | 93940 | PC | Community Development - General Operating Support | $450,000 |
| National Governors Association Center for Best Practices | ||||||
| 444 N Capitol St Ste 267 | Washington DC | DC | 20001 | PC | Community Development - NGA Youth Mental Health Initiative | $125,000 |
| New York Road Runners Inc | ||||||
| 156 W 56th St 3rd Floor | New York | NY | 10019 | PC | Athletics - General Operating Support | $10,000 |
| Pebble Beach Company Foundation | ||||||
| PO Box 1767 | Pebble Beach | CA | 93953 | PC | Education - General Operating Support | $5,000 |
| Peninsula Open Space Trust | ||||||
| 222 High Street | Palo Alto | CA | 94301 | PC | Environment - General Operating Support | $1,000 |
| Phillips Brooks School | ||||||
| 2245 Avy Avenue | Menlo Park | CA | 94025 | PC | Education - General Operating Support | $5,000 |
| Positive Coaching Alliance | ||||||
| 1001 N Rengstorff Ave Suite 100 | Mountain View | CA | 94043 | PC | Athletics - General Operating Support | $5,000 |
| Protect Our Winters | ||||||
| 4676 Broadway Street | Boulder | CO | 80304 | PC | Environment - General Operating Support | $10,000 |
| REDF | ||||||
| 150 Sutter Street | San Francisco | CA | 94104 | PC | Community and Economic Development - General Operating Support | $600,000 |
| Roaring Fork Mountain Bike Association | ||||||
| PO Box 2635 | Aspen | CO | 81612 | PC | Community Development - Roaring Fork Mountain Bike Association | $20,000 |
| Rock Health Foundation | ||||||
| 615 Grant St | San Francisco | CA | 94108 | PC | Health - General Operating Support | $600,000 |
| Sacred Heart Schools Atherton | ||||||
| 150 Valparaiso Ave | Atherton | CA | 94027 | PC | Education - General Operating Support | $50,000 |
| San Jose Children's Discovery Museum | ||||||
| 180 Woz Way | San Jose | CA | 95110 | PC | Community Development - General Operating Support | $1,000 |
| Semper Fi & America's Fund | ||||||
| 825 College Blvd | Oceanside | CA | 92057 | PC | Health - General Operating Support | $1,000 |
| St Paul's School | ||||||
| 325 Pleasant Street | Concord | NH | 03301 | PC | Education - General Operating Support | $50,000 |
| Star Rock Ministries | ||||||
| PO Box 996 | San Clemente | CA | 92674 | PC | Religion - General Operating Support | $20,000 |
| Teach for All Inc | ||||||
| 25 Broadway 12th Floor | New York | NY | 10004 | PC | Education - General Fundraising Support | $1,000,000 |
| Teach for America Inc | ||||||
| 25 Broadway | New York | NY | 10004 | PC | Leaders for this Moment Annual Benefit Dinner | $25,000 |
| Teach for America Inc | ||||||
| 25 Broadway | New York | NY | 10004 | PC | Education - General Operating Support | $25,000 |
| The Aspen Institute Inc | ||||||
| Office of Institutional Advancement | Washington | DC | 20037 | PC | Community and Economic Development - General Operating Support | $50,000 |
| The Board of Trustees of the Leland Stanford Junior University | ||||||
| Frances C Arrillaga Alumni Center | Stanford | CA | 94305 | PC | Education - General Operating Support | $10,000 |
| The Board of Trustees of the Leland Stanford Junior University | ||||||
| Frances C Arrillaga Alumni Center | Stanford | CA | 94305 | PC | The Department of Athletics, Physical Education, and Recreation Pledge | $4,000,000 |
| The Board of Trustees of the Leland Stanford Junior University | ||||||
| Frances C Arrillaga Alumni Center | Stanford | CA | 94305 | PC | Support for the Athletic Department | $25,000 |
| The Board of Trustees of the Leland Stanford Junior University | ||||||
| Frances C Arrillaga Alumni Center | Stanford | CA | 94305 | PC | Support for the Business School | $50,000 |
| The Board of Trustees of the Leland Stanford Junior University | ||||||
| Frances C Arrillaga Alumni Center | Stanford | CA | 94305 | PC | Support for the School of Education | $50,000 |
| The Board of Trustees of the Leland Stanford Junior University | ||||||
| Frances C Arrillaga Alumni Center | Stanford | CA | 94305 | PC | Support for the Parent Fund | $25,000 |
| The Exploratorium | ||||||
| Pier 17 Suite 100 | San Francisco | CA | 94111 | PC | Community Development - General Operating Support | $2,000 |
| The Kennedy Forum | ||||||
| 14 Central Ave | Island Heights | NJ | 08732 | PC | Community Development - General Operating Support | $800,000 |
| The Nature Conservancy - California | ||||||
| 201 Mission Street 4th Floor | San Francisco | CA | 94105 | PC | Environment - General Operating Support | $5,000 |
| The Nueva School | ||||||
| 6565 Skyline Blvd | Hillsborough | CA | 94010 | PC | Education - General Operating Support | $10,000 |
| The Opportunity Trust | ||||||
| 5501 Delmar Boulevard | St Louis | MO | 63112 | PC | Education - General Operating Support | $500,000 |
| The Tech Interactive | ||||||
| 201 S Market St | San Jose | CA | 95113 | PC | Community Development - General Operating Support | $1,000 |
| The Trust for Hidden Villa | ||||||
| 26870 Moody Road | Los Altos | CA | 94022 | PC | Community Development - General Operating Support | $1,000 |
| Trustees of Deerfield Academy | ||||||
| 7 Boyden Lane | Deerfield | MA | 01342 | PC | Education - General Operating Support | $50,000 |
| University of California Berkeley Foundation | ||||||
| 1995 University Avenue | Berkeley | CA | 94704 | PC | Virtual Peer Support for Mental Health Study | $300,000 |
| USA Cycling Inc | ||||||
| 210 Usa Cycling Point | Colorado Springs | CO | 80919 | PC | USA Cycling - Bentonville Headquarters | $140,000 |
| USA Cycling Inc | ||||||
| 210 Usa Cycling Point | Colorado Springs | CO | 80919 | PC | Athletics - General Operating Support | $50,000 |
| USA Water Polo Inc | ||||||
| 6 Morgan | Irvine | CA | 92618 | PC | Athletics - General Operating Support | $50,000 |
| Western Stock Show Association | ||||||
| 4655 Humboldt Street | Denver | CO | 80216 | PC | National Western Stock Show - Honoring the Legacy Campaign | $500,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $28,861,200 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $3,246,993 | ExclusionAmt |
| Related Or Exempt Function Incm | $200 | RelatedOrExemptFunctionIncmAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$800,389 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PASS-THROUGH - OTHER INCOME/(LOSS) | Desc |
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,445,750 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $3,892,354 | ExclusionAmt |
| Related Or Exempt Function Incm | $200 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $3,892,554 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 4 | LineNumberTxt |
| Relationship Statement | NONTAXABLE INCOME FROM PARTNERSHIPS | RelationshipStatementTxt |
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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Accounting Fees | CategoryTxt |
| Amt | $58,153 | Amt |
| Disbursements Charitable Prps | $58,153 | DisbursementsCharitablePrpsAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (3 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| NT - Investment Account | AT COST | $85,211,784 | $100,351,346 |
| Goldman Sachs - Puts | AT COST | $19,587,170 | $19,713,612 |
| Goldman Sach - Calls | AT COST | $13,814,347 | $16,305,758 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $1,922 | LegalFeesAmt |
| Disbursements Charitable Prps | $1,922 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Miscellaneous | $25 | $25 | |
| Pass-through - Other Deductions | $364,008 | $364,008 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Pass-through - Other income/(loss) | Desc |
| Revenue And Expenses Per Books | $1,445,750 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $1,445,750 | NetInvestmentIncomeAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Administrator & Management Fees | $84,068 | $84,068 | |
| Investment Management Fees | $232,389 | $232,389 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Excise Tax | $225,000 | |
| Northern Trust - Foreign Taxes | $56,966 | $56,966 |
| GS - Foreign Taxes | $14,067 | $14,067 |
| Pass-through - Foreign Taxes | $286 | $286 |