DEFINE AND MUHTAR KENT EDUCATIONAL FOUNDATION: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- DEFINE AND MUHTAR KENT EDUCATIONAL FOUNDATION (EIN 45-2735138)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-09-12
- IRS object ID
- 202402569349100505
- 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
- Depreciation Schedule
- General Explanation Attachment
- Investments Corp Stock Schedule
- Legal Fees Schedule
- Other Expenses Schedule
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-09-12T09:08:16-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | 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 | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 452735138 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Defne and Muhtar Kent Educational Foundation | BusinessNameLine1Txt |
| Business Name Line2 | Inc | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Foundation Source | InCareOfNm |
| Business Name Control | DEFN | 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 | muhtar kent | PersonNm |
| Person Title | president | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2024-08-29 | 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 | 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 | $24,170,814 | 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 | $14,849 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $14,849 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $698,612 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $698,612 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $153,351 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $179,420 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $153,351 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $866,812 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $866,812 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $704 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $704 | LegalFeesDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $84,362 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $30,362 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $54,000 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $12,000 | TaxesRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $61,426 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $61,426 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $158,492 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $30,362 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $116,130 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,103,936 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,103,936 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,262,428 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $30,362 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,220,066 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$395,616 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $836,450 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $624,049 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $569,143 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $569,143 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $19,818,036 | CorporateStockBOYAmt |
| Corporate Stock EOY | $19,571,042 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $23,601,671 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $20,442,085 | TotalAssetsBOYAmt |
| Total Assets EOY | $20,140,185 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $24,170,814 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $20,442,085 | RetainedEarningBOYAmt |
| Retained Earning EOY | $20,140,185 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $20,442,085 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $20,140,185 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $20,442,085 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $20,140,185 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $20,442,085 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$395,616 | ExcessRevenueOverExpensesAmt |
| Other Increases | $93,716 | OtherIncreasesAmt |
| Subtotal | $20,140,185 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $20,140,185 | 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 | $179,420 | GrossSalesPriceAmt |
| Cost Or Other Basis | $26,069 | CostOrOtherBasisAmt |
| Gain Or Loss | $153,351 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $153,351 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $153,351 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $11,627 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $11,627 | SubtotalAmt |
| Tax Based On Investment Income | $11,627 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $7,547 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $4,400 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $11,947 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $2 | EsPenaltyAmt |
| Overpayment | $318 | OverpaymentAmt |
| Applied To ES Tax | $318 | AppliedToESTaxAmt |
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 | GA | 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 | Yes (true) | 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 | Yes (true) | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Cem Omer Kent | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir | 1.0 | $0 | $0 | $0 |
| Defne Kent | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Sec, Treas | 1.0 | $0 | $0 | $0 |
| Muhtar Kent | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Pres, Dir | 1.0 | $0 | $0 | $0 |
| Selin Ipek Kent | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir | 1.0 | $0 | $0 | $0 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 55 Walls Drive 3rd Fl | AddressLine1Txt |
| City | Fairfield | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06824 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | Administrative | ServiceTypeTxt |
| Compensation | $60,554 | CompensationAmt |
| 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 | $23,512,633 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $642,945 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $24,155,578 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $24,155,578 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $362,334 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $23,793,244 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,189,662 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,189,662 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $11,627 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $11,627 | TotalTaxAmt |
| Distributable Before Adj | $1,178,035 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $27,400 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $1,205,435 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,205,435 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,220,066 | 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 | $1,220,066 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,205,435 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $1,195,062 | UndistributedIncomePYAmt |
| Prior Year1 | 2021 | PriorYear1Yr |
| Prior Year2 | 2020 | PriorYear2Yr |
| Prior Year3 | 2019 | PriorYear3Yr |
| Qualifying Distributions | $1,220,066 | QualifyingDistributionsAmt |
| Applied To Year1 | $1,195,062 | AppliedToYear1Amt |
| Applied To Current Year | $25,004 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Undistributed Income CY | $1,180,431 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $0 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Defne Kent | ContributingManagerNm |
| Contributing Manager | Muhtar Kent | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (41 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | Address Line2RecipientUSAddress/AddressLine2Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line1RecipientForeignAddress/AddressLine1Txt | CityRecipientForeignAddress/CityNm | Province Or StateRecipientForeignAddress/ProvinceOrStateNm | CountryRecipientForeignAddress/CountryCd | Foreign PostalRecipientForeignAddress/ForeignPostalCd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A A Adiguzel | |||||||||||||
| ARIZONA STATE UNIVERSITY | PO BOX 870412 | TEMPE | AZ | 85287 | NONE | I | Scholarship Grant | $16,400 | |||||
| A E Karalar | |||||||||||||
| PENNSYLVANIA STATE UNIVERSITY | 2583 GATEWAY DR 130 BRISTOL PL ONE | STATE COLLEGE | PA | 16801 | NONE | I | Scholarship Grant | $30,000 | |||||
| A Erefe | |||||||||||||
| PRES TRUSTEES OF COLBY COLLEGE | 173 MAIN ST STE 201 | WATERVILLE | ME | 04901 | NONE | I | Scholarship Grant | $20,000 | |||||
| A Onder | |||||||||||||
| TRUSTEES OF PRINCETON UNIVERSITY | 701 CARNEGIE CENTER STE 442 | PRINCETON | NJ | 08540 | NONE | I | Scholarship Grant | $500 | |||||
| A U Guler | |||||||||||||
| PURDUE UNIVERSITY | 610 PURDUE MALL | WEST LAFAYETTE | IN | 47907 | NONE | I | Scholarship Grant | $30,000 | |||||
| A Uysal | |||||||||||||
| NEW YORK UNIVERSITY | 25 W 4TH ST 4TH FL | NEW YORK | NY | 10012 | NONE | I | Scholarship Grant | $10,000 | |||||
| B Demirci | |||||||||||||
| MICHIGAN STATE UNIVERSITY | 556 E CIR DR RM 252 | EAST LANSING | MI | 48824 | NONE | I | Scholarship Grant | $30,000 | |||||
| B Kurnaz | |||||||||||||
| KENYON COLLEGE | 209 CHASE AVE | GAMBIER | OH | 43022 | NONE | I | Scholarship Grant | $30,000 | |||||
| B Manti | |||||||||||||
| MICHIGAN STATE UNIVERSITY | 556 E CIR DR RM 252 | EAST LANSING | MI | 48824 | NONE | I | Scholarship Grant | $30,000 | |||||
| B Tayyar | |||||||||||||
| CLAREMONT-MCKENNA COLLEGE | 400 N CLAREMONT BLVD | CLAREMONT | CA | 91711 | NONE | I | Scholarship Grant | $3,100 | |||||
| B Ucar | |||||||||||||
| UNIVERSITY OF CHICAGO | 5801 S ELLIS AVE | CHICAGO | IL | 60637 | NONE | I | Scholarship Grant | $10,000 | |||||
| C Birsen | |||||||||||||
| TRUSTEES OF TUFTS COLLEGE | 80 GEORGE ST | MEDFORD | MA | 02155 | NONE | I | Scholarship Grant | $20,000 | |||||
| C Yardimci | |||||||||||||
| REGNTS OF UNIV OF CA AT BERKELEY | 201 SPROUL HALL 1960 | BERKELEY | CA | 94720 | NONE | I | Scholarship Grant | $20,000 | |||||
| D E Yaldiz | |||||||||||||
| MICHIGAN STATE UNIVERSITY | 556 E CIR DR RM 252 | EAST LANSING | MI | 48824 | NONE | I | Scholarship Grant | $15,000 | |||||
| D Karalar | |||||||||||||
| MICHIGAN STATE UNIVERSITY | 556 E CIR DR RM 252 | EAST LANSING | MI | 48824 | NONE | I | Scholarship Grant | $30,000 | |||||
| D L Altaylar | |||||||||||||
| DREXEL UNIVERSITY | 3141 CHESTNUT ST | PHILADELPHIA | PA | 19104 | NONE | I | Scholarship Grant | $25,000 | |||||
| D Onalir | |||||||||||||
| GEORGIA INSTITUTE OF TECHNOLOGY | 225 NORTH AVE NW | ATLANTA | GA | 30332 | NONE | I | Scholarship Grant | $10,000 | |||||
| E Secilmis | |||||||||||||
| BROWN UNIVERSITY | GIFT CASHIER BOX 1877 | PROVIDENCE | RI | 02912 | NONE | I | Scholarship Grant | $30,000 | |||||
| E Senvardarli | |||||||||||||
| NORTHWESTERN UNIVERSITY | 1201 DAVIS ST 3RD FLOOR | EVANSTON | IL | 60208 | NONE | I | Scholarship Grant | $5,000 | |||||
| F O Ardic | |||||||||||||
| REGNTS OF UNIV OF CA LOS ANGELES | 1125 MURPHY 405 HILGARD AV 957089 | LOS ANGELES | CA | 90095 | NONE | I | Scholarship Grant | $30,000 | |||||
| G Aycicek | |||||||||||||
| PRES FELLOWS MIDDLEBURY COLLEGE | 700 EXCHANGE ST | MIDDLEBURY | VT | 05753 | NONE | I | Scholarship Grant | $30,000 | |||||
| H A Ari | |||||||||||||
| NORTHWESTERN UNIVERSITY | 1201 DAVIS ST 3RD FLOOR | EVANSTON | IL | 60208 | NONE | I | Scholarship Grant | $30,000 | |||||
| I Turasi | |||||||||||||
| CALIFORNIA INSTITUTE OF TECHNOLOGY | 1200 E CALIFORNIA BLVD M/C 5-32 | PASADENA | CA | 91125 | NONE | I | Scholarship Grant | $5,200 | |||||
| I U Ayyilmaz | |||||||||||||
| POMONA COLLEGE | 150 E 8TH ST | CLAREMONT | CA | 91711 | NONE | I | Scholarship Grant | $1,800 | |||||
| K B Oktay | |||||||||||||
| REGNTS OF UNIV OF CA AT BERKELEY | 201 SPROUL HALL 1960 | BERKELEY | CA | 94720 | NONE | I | Scholarship Grant | $20,000 | |||||
| L D Pembecioglu | |||||||||||||
| TRUSTEES OF COLUMBIA UNIVERSITY | 516 W 168TH ST FL 3 | NEW YORK | NY | 10032 | NONE | I | Scholarship Grant | $10,000 | |||||
| M E Caylan | |||||||||||||
| MICHIGAN STATE UNIVERSITY | 556 E CIR DR RM 252 | EAST LANSING | MI | 48824 | NONE | I | Scholarship Grant | $30,000 | |||||
| M E Tiryaki | |||||||||||||
| JOHNS HOPKINS UNIVERSITY | 3400 N CHARLES ST 146 GARLAND HALL | BALTIMORE | MD | 21218 | NONE | I | Scholarship Grant | $20,000 | |||||
| M E Yurtseven | |||||||||||||
| GEORGIA INSTITUTE OF TECHNOLOGY | 225 NORTH AVE NW | ATLANTA | GA | 30332 | NONE | I | Scholarship Grant | $12,500 | |||||
| M E Yurtseven | |||||||||||||
| GEORGIA INSTITUTE OF TECHNOLOGY | 225 NORTH AVE NW | ATLANTA | GA | 30332 | NONE | I | Scholarship Grant | $12,500 | |||||
| M Ozer | |||||||||||||
| REGNTS OF UNIV OF CA AT SAN DIEGO | 9500 GILMAN DR 0026 | LA JOLLA | CA | 92093 | NONE | I | Scholarship Grant | $30,000 | |||||
| N A Basciftci | |||||||||||||
| LAFAYETTE COLLEGE | 730 HIGH ST 307 MARKEL HALL | EASTON | PA | 18042 | NONE | I | Scholarship Grant | $30,000 | |||||
| S D Kurtoglu | |||||||||||||
| REGNTS OF UNIV OF CA AT BERKELEY | 201 SPROUL HALL 1960 | BERKELEY | CA | 94720 | NONE | I | Scholarship Grant | $10,000 | |||||
| S Kesaf | |||||||||||||
| BROWN UNIVERSITY | GIFT CASHIER BOX 1877 | PROVIDENCE | RI | 02912 | NONE | I | Scholarship Grant | $10,000 | |||||
| SCHWAB CHARITABLE FUND | |||||||||||||
| 9800 SCHWAB WAY | LONE TREE | CO | 80124 | N/A | PC | General & Unrestricted (IN-KIND GRANT - SEE GENERAL EXPLANATION) | $321,544 | ||||||
| U Kaygisiz | |||||||||||||
| MICHIGAN STATE UNIVERSITY | 556 E CIR DR RM 252 | EAST LANSING | MI | 48824 | NONE | I | Scholarship Grant | $30,000 | |||||
| U Sahmeran | |||||||||||||
| TRUSTEES OF DARTMOUTH COLLEGE | 20 N MAIN ST | HANOVER | NH | 03755 | NONE | I | Scholarship Grant | $3,892 | |||||
| Y Cinar | |||||||||||||
| NORTHWESTERN UNIVERSITY | 1201 DAVIS ST 3RD FLOOR | EVANSTON | IL | 60208 | NONE | I | Scholarship Grant | $31,500 | |||||
| Y T Eker | |||||||||||||
| FRANKLIN MARSHALL COLLEGE | PO BOX 3003 | LANCASTER | PA | 17604 | NONE | I | Scholarship Grant | $30,000 | |||||
| Y Tur | |||||||||||||
| STANFORD UNIVERSITY | 326 GALVEZ ST | STANFORD | CA | 94305 | NONE | I | Scholarship Grant | $30,000 | |||||
| Y A ELMAS | |||||||||||||
| NONE | I | SCHOLARSHIP GRANT | $10,000 | 21 KINGS COLLEGE CIR | TORONTO | ONTARIO | CA | M5S 3J3 | |||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,103,936 | 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 | $14,849 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $698,612 | 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 | $153,351 | 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 | $866,812 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $866,812 | 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
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PART XIV (FORM 990-PF): | IdentifierTxt |
| Form And Line Reference | PART XIV (FORM 990-PF): | FormAndLineReferenceDesc |
| Medium Explanation | DISTRIBUTIONS OF PROPERTY VALUE AT FAIR MARKET VALUE AT DATE OF DISTRIBUTION METHOD FOR DETERMINING FMV OF SECURITIES: AVERAGE OF HIGH/LOW ON DATE GRANTED TO CHARITY METHOD OF DETERMINING BOOK VALUE OF SECURITIES: COST OF AVERAGE OF HIGH/LOW ON DATE CONTRIBUTED TO FOUNDATION TOTAL FAIR MARKET VALUE OF PROPERTY: $321,544 TOTAL BOOK VALUE OF PROPERTY: $255,228 TOTAL CASH PORTION OF GRANTS: - TOTAL AMOUNT OF GRANTS: $321,544 FORM 990-PF, PART III, LINE 3 - OTHER INCREASES: $66,316 DETAILS OF ITEMS GRANTED: DESCRIPTION OF PROPERTY: THE COCA-COLA CO UNITS: 5,500 DATE OF DISTRIBUTION: 12-01-2023 GRANT RECIPIENT: SCHWAB CHARITABLE FUND FMV OF PROPERTY: $321,544 BOOK VALUE OF PROPERTY: $255,228 CASH PORTION OF GRANT: - TOTAL AMOUNT OF GRANT: $321,544 | MediumExplanationTxt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (56 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ALTRIA GROUP INC | $58,658 | $53,047 |
| AMERICAN FUNDS NEW PERSPECTIVE | $93,231 | $113,915 |
| AMGEN INC | $70,986 | $88,422 |
| APPLE INC | $122,357 | $193,108 |
| BAIRD CORE PLUS BD FD INSTI CL | $788,120 | $676,790 |
| BLACKROCK EMERGING MARKETS FUN | $62,268 | $49,804 |
| CATERPILLAR INC | $35,895 | $63,569 |
| CISCO SYSTEMS INC | $64,507 | $70,122 |
| CONESTOGA SMALL CAP INST | $27,536 | $39,318 |
| COSTCO WHOLESALE CORPORATION | $28,489 | $54,127 |
| DBX ETF TR/X-TRACKERS MSCI EAF | $1,087,884 | $1,217,958 |
| DODGE & COX INCOME FUND | $424,327 | $372,665 |
| DODGE & COX STOCK | $223,590 | $290,690 |
| ELI LILLY & CO | $40,928 | $99,679 |
| FPA CRESCENT PORTFOLIO | $100,132 | $115,684 |
| FPA NEW INCOME FUND CLASS A | $419,523 | $409,627 |
| GEN DYNAMICS CP | $30,414 | $51,155 |
| HOME DEPOT INC | $77,111 | $87,677 |
| HONEYWELL INTL | $45,365 | $54,315 |
| ILLINOIS TOOL WORKS | $34,007 | $45,578 |
| INFINITY Q DIVERSIFIED ALPHA F | $72,975 | $82 |
| INTERNATIONAL GROWTH AND INCOM | $723,619 | $743,496 |
| ISHARES S&P 500 INDEX FD | $257,809 | $479,541 |
| JOHNSON & JOHNSON | $105,181 | $102,038 |
| KENVUE INC | $6,522 | $6,911 |
| LOCKHEED MARTIN CORP | $61,266 | $71,159 |
| LOWES COMPANIES INC | $41,507 | $59,421 |
| MASTERCARD INC | $36,324 | $47,769 |
| MCDONALD'S CORP | $66,501 | $81,837 |
| MERCK & CO INC | $60,778 | $89,178 |
| METROPOLITAN WEST RETURN BOND | $23,911 | $18,886 |
| MICROSOFT CORP | $168,130 | $280,526 |
| MORGAN STANLEY | $70,464 | $75,626 |
| OAKMARK INTERNATIONAL FUND | $78,526 | $81,590 |
| ORACLE CORP | $56,225 | $80,970 |
| PHILIP MORRIS INTL | $86,291 | $80,062 |
| PIMCO INCOME FUND | $362,374 | $328,001 |
| PROCTER GAMBLE CO | $89,800 | $100,820 |
| QUALCOMM INC | $46,266 | $53,224 |
| T ROWE PRICE CAP APPRECIATION | $81,126 | $82,702 |
| TARGET CORPORATION | $54,279 | $47,711 |
| TEXAS INSTRUMENTS INC | $56,487 | $64,604 |
| THE COCA-COLA CO | $8,462,386 | $11,071,060 |
| THE JENSEN PORTFOLIO INC CLASS | $152,064 | $198,295 |
| THRIVENT SMALL CAP STOCK | $34,303 | $36,455 |
| TWEEDY BROWNE GLOBAL VALUE FUN | $124,250 | $126,398 |
| UNION PACIFIC | $52,045 | $65,335 |
| UNITED PARCEL SERVICE | $44,249 | $47,326 |
| UNITEDHEALTH GROUP INC | $55,845 | $90,026 |
| VANGUARD DIVIDEND GROWTH FD | $1,290,773 | $1,558,254 |
| VANGUARD EQUITY INCOME - ADMIR | $1,856,836 | $2,065,052 |
| VANGUARD TOTAL BOND MARKET ETF | $297,646 | $251,026 |
| VANGUARD TOTAL BOND MARKET IND | $60,901 | $55,937 |
| VISA INC | $52,508 | $66,129 |
| WAL-MART STORES INC | $75,685 | $82,293 |
| WISDOMTREE SC DIV | $569,862 | $764,681 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | General Consultations | CategoryTxt |
| Legal Fees | $704 | LegalFeesAmt |
| Disbursements Charitable Prps | $704 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| Administrative Fees | $60,554 | $60,554 |
| Website Hosting/Support | $842 | $842 |
| STATE OR LOCAL FILING FEES | $30 | $30 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| GRANT OF PUBLICLY TRADED SECURITIES | $66,316 |
| RETURNED GRANTS | $27,400 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Investment Management Services | $30,362 | $30,362 | |
| Philanthropic Consulting Srvcs | $54,000 | $54,000 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt |
|---|---|
| 990-PF Estimated Tax for 2023 | $7,500 |
| 990-PF Extension for 2022 | $4,500 |