GALASHIELS FUND LTD: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- GALASHIELS FUND LTD (EIN 94-3059858)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-13
- IRS object ID
- 202423199349100102
- 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 Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-13T23:32:32-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 991856619 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON ADVISORS LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1415 VANTAGE PARK DRIVE SUITE 500 | AddressLine1Txt |
| City | CHARLOTTE | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28203 | 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 | 943059858 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GALASHIELS FUND LTD | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GALA | BusinessNameControlTxt |
| Phone | 8474804690 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1990 MAIN ST SUITE 750 | AddressLine1Txt |
| City | SARASOTA | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 34236 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KEITH W COLBURN | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 8474804690 | PhoneNum |
| Signature | 2024-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MICHELE MELCHIOR | PreparerPersonNm |
| PTIN | P00488037 | PTIN |
| Phone | 7046323500 | PhoneNum |
| Preparation | 2024-11-12 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $233,524,217 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $1,140,612 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $968,206 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $2,977,278 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $3,978,633 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $9,856,086 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $16,753,076 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $7,362,668 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $1,291,061 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $331,114 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $15,265,037 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $12,640,621 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $79,510 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $23,853 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $47,706 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $184,072 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $184,072 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $582,921 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $553,863 | InterestNetInvstIncmAmt |
| Interest Dsbrs Chrtbl | $0 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $1,106,649 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $120,353 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $2,002,385 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $1,983,825 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $1,096 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $3,955,537 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $2,865,966 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $48,802 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $16,082,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $16,082,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $20,037,537 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $2,865,966 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $16,130,802 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$4,772,500 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $9,774,655 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $25,345,579 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $16,050,165 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $16,082,353 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $11,884,120 | CorporateStockBOYAmt |
| Corporate Stock EOY | $11,918,571 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $35,013,269 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $15,425,160 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $15,959,747 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $15,544,928 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $98,435,292 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $102,866,376 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $166,883,667 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $151,090,151 | TotalAssetsBOYAmt |
| Total Assets EOY | $146,794,859 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $233,524,217 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $151,090,151 | RetainedEarningBOYAmt |
| Retained Earning EOY | $146,794,859 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $151,090,151 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $146,794,859 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $151,090,151 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $146,794,859 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $151,090,151 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$4,772,500 | ExcessRevenueOverExpensesAmt |
| Other Increases | $477,208 | OtherIncreasesAmt |
| Subtotal | $146,794,859 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $146,794,859 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (24 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | AcquiredAcquiredDt | SoldSoldDt |
|---|---|---|---|---|---|---|---|
| PUBLICLY TRADED SECURITIES | P | $4,851,614 | $4,874,173 | -$22,559 | -$22,559 | ||
| GOLDMAN SACHS - A | P | -$2,269 | -$2,269 | 2022-01-01 | 2023-12-31 | ||
| GOLDMAN SACHS - B | P | $16 | $16 | 2022-01-01 | 2023-12-31 | ||
| GOLDMAN SACHS - C | P | $626 | $626 | 2022-01-01 | 2023-12-31 | ||
| GOLDMAN SACHS - E | P | -$18,148 | -$18,148 | 2022-01-01 | 2023-12-31 | ||
| WHITEHALL | P | $1,826 | $1,826 | 2022-01-01 | 2023-12-31 | ||
| FARALLON | P | $322,925 | $322,925 | 2022-01-01 | 2023-12-31 | ||
| GS #3 | P | $4,276 | $4,276 | 2022-01-01 | 2023-12-31 | ||
| LYME FOREST | P | -$23,665 | -$23,665 | 2022-01-01 | 2023-12-31 | ||
| PROCYON PARTNERS | P | $715,666 | $715,666 | 2022-01-01 | 2023-12-31 | ||
| ROUNDTABLE #5 | P | $825,528 | $825,528 | 2022-01-01 | 2023-12-31 | ||
| ROUNDTABLE #6 | P | $449,577 | $449,577 | 2022-01-01 | 2023-12-31 | ||
| VN CAPITAL #2 | P | $41,805 | $41,805 | 2022-01-01 | 2023-12-31 | ||
| OEP #1 | P | -$9 | -$9 | 2022-01-01 | 2023-12-31 | ||
| OEP #2 | P | $1,200,354 | $1,200,354 | 2022-01-01 | 2023-12-31 | ||
| OEP #3 | P | -$1,577 | -$1,577 | 2022-01-01 | 2023-12-31 | ||
| OEP #5 | P | $3,020,978 | $3,020,978 | 2022-01-01 | 2023-12-31 | ||
| TINICUM #1 | P | $1,103,136 | $1,103,136 | 2022-01-01 | 2023-12-31 | ||
| TINICUM #2 | P | -$105,809 | -$105,809 | 2022-01-01 | 2023-12-31 | ||
| TINICUM #4 | P | -$14,413 | -$14,413 | 2022-01-01 | 2023-12-31 | ||
| LOSS FROM FINAL YEAR LPS | P | $4,353,934 | $6,167,739 | -$1,813,805 | -$1,813,805 | 2022-01-01 | 2023-12-31 |
| DISTRIBUTIONS IN EXCESS OF BASIS | P | $69,232 | $69,232 | 2022-01-01 | 2023-12-31 | ||
| GAIN FROM FINAL YEAR ALTERNATIVE INVESTMENTS | P | $1,503,287 | $1,503,287 | 2022-01-01 | 2023-12-31 | ||
| SALES OF SOUTH ST CORP SHARES | P | $317,562 | $211,872 | $105,690 | $105,690 | 2022-01-01 | 2023-12-31 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $7,362,668 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $135,868 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $135,868 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $135,868 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $259,879 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $259,879 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $124,011 | OverpaymentAmt |
| Applied To ES Tax | $124,011 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | IL | OrgReportOrRegisterStateCd |
| Org Report Or Register State | FL | OrgReportOrRegisterStateCd |
| Org Report Or Register State | CO | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | KEITH W COLBURN | IndividualWithBooksNm |
| Phone | 8474804690 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1990 MAIN ST SUITE 750 | AddressLine1Txt |
| City | SARASOTA | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 34236 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | Yes (1) | BusinessHoldingsInd |
| Excess Business Holdings | 0 | ExcessBusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | 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 |
|---|---|---|---|---|---|---|---|---|
| DAVID T BRADFORD | ||||||||
| 1990 MAIN ST SUITE 750 | SARASOTA | FL | 34236 | SECRETARY/DIRECTOR | 1.00 | $0 | $0 | $0 |
| ANDREA K MAYES | ||||||||
| 1990 MAIN ST SUITE 750 | SARASOTA | FL | 34236 | ASSISTANT TREASURER | 1.00 | $0 | $0 | $0 |
| BETSY P COLBURN | ||||||||
| 1990 MAIN ST SUITE 750 | SARASOTA | FL | 34236 | VICE PRESIDENT/DIRECTOR | 1.00 | $0 | $0 | $0 |
| KEITH W COLBURN | ||||||||
| 1990 MAIN ST SUITE 750 | SARASOTA | FL | 34236 | PRES/TREASURER/DIRECTOR | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| 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 |
|---|---|---|---|---|---|
| GRANT THORNTON ADVISORS LLC | |||||
| 171 N CLARK ST SUITE 200 | CHICAGO | IL | 60601 | ACCOUNTING SERVICES | $79,510 |
| GOLDMAN SACHS & CO LLC | |||||
| 125 HIGH STREET 20TH FLOOR | BOSTON | MA | 021102704 | INVESTMENT MANAGEMENT FEES | $53,004 |
| 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 | $47,466,751 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $20,962,647 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $165,964,167 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $234,393,565 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $234,393,565 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $3,515,903 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $230,877,662 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $11,543,883 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $11,543,883 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $135,868 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $707,150 | IncomeTaxAmt |
| Total Tax | $843,018 | TotalTaxAmt |
| Distributable Before Adj | $10,700,865 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $10,700,865 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $10,700,865 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $16,130,802 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $16,130,802 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $10,700,865 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $948,440 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $678,301 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $1,640,653 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $4,316,771 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $3,640,776 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $11,224,941 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $16,130,802 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $10,700,865 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $5,429,937 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $16,654,878 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $948,440 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $15,706,438 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $678,301 | ExcessFromYear4Amt |
| Excess From Year3 | $1,640,653 | ExcessFromYear3Amt |
| Excess From Year2 | $4,316,771 | ExcessFromYear2Amt |
| Excess From Year1 | $3,640,776 | ExcessFromYear1Amt |
| Excess From Current Year | $5,429,937 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | KEITH W COLBURN | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (13 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| CATO INSTITUTE | |||||||
| 1000 MASSACHUSETTS AVE NW | WASHINGTON | DC | 20001 | NONE | PC | ANNUAL SUPPORT | $1,000,000 |
| CHALLENGED ATHLETES FOUNDATION | |||||||
| 9591 WAPLES STREET | SAN DIEGO | CA | 92121 | NONE | PC | ENDOWMENT AND ANNUAL SUPPORT | $1,000,000 |
| COMMUNITY FOUNDATION | |||||||
| 325 WEST MAIN ST SUITE 1110 | LOUISVILLE | KY | 40202 | NONE | PC | ANNUAL SUPPORT | $500,000 |
| CROHN'S & COLITIS FOUNDATION OF AMERICA INC | |||||||
| 733 THIRD AVENUE SUITE 510 | NEW YORK | NY | 10017 | NONE | PC | ANNUAL SUPPORT | $100,000 |
| GEO ACADEMIES INC | |||||||
| 3145 N MERIDIAN STREET | INDIANAPOLIS | IN | 46208 | NONE | PC | ANNUAL SUPPORT | $2,000,000 |
| HOLY FAMILY MINISTRIES | |||||||
| 3225 ARNOLD LANE | NORTHBROOK | IL | 60062 | NONE | PC | ANNUAL SUPPORT | $1,200,000 |
| HOUSE INSTITUTE FOUNDATION | |||||||
| 1127 WILSHIRE BLVD SUITE 1620 | LOS ANGELES | CA | 90017 | NONE | PC | ANNUAL SUPPORT | $250,000 |
| ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI | |||||||
| 1 GUSTAVE L LEVY PLACE | NEW YORK | NY | 100295674 | NONE | PC | ANNUAL SUPPORT | $100,000 |
| INSTITUTE FOR JUSTICE | |||||||
| 901 N GLEBE ROAD SUITE 900 | ARLINGTON | VA | 22203 | NONE | PC | ANNUAL SUPPORT | $5,000,000 |
| RAILS TO TRAILS CONSERVANCY | |||||||
| 2121 WARD COURT NW 5TH FLOOR | WASHINGTON | DC | 20037 | NONE | PC | ANNUAL SUPPORT | $250,000 |
| ROBERT LOUIS STEVENSON SCHOOL | |||||||
| 1990 MAIN ST STE 750 | SARASOTA | FL | 342368000 | NONE | PC | ANNUAL SUPPORT | $1,000,000 |
| WILD TOMORROW FUND | |||||||
| 413 W 48TH ST 3F | NEW YORK | NY | 10036 | NONE | PC | ANNUAL SUPPORT | $1,150,000 |
| WORLD BICYCLE RELIEF | |||||||
| 1000 WEST FULTON MARKET | CHICAGO | IL | 60607 | NONE | PC | ANNUAL SUPPORT | $2,532,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $16,082,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,140,612 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $2,977,278 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 901101 | BusinessCd |
| Unrelated Business Taxbl Incm | $2,529,851 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $7,326,235 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INCOME - LP | Desc |
| Business | 901101 | BusinessCd |
| Unrelated Business Taxbl Incm | $859,752 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 14 | ExclusionCd |
| Exclusion | $431,309 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $3,389,603 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $11,875,434 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $15,265,037 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | GRANT THORNTON ADVISORS LLC | CategoryTxt |
| Amt | $79,510 | Amt |
| Net Investment Income | $23,853 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $47,706 | DisbursementsCharitablePrpsAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (88 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| AERCAP IRELAND | $162,956 | $174,707 |
| AETNA INC | $164,810 | $166,903 |
| AIR LEASE 2 | $164,715 | $164,489 |
| ALEXANDRIA REAL ESTATE | $79,998 | $81,523 |
| ALLY FINANCIAL | $83,924 | $74,791 |
| ALPHABET | $164,837 | $155,202 |
| ALTRIA GROUP | $109,201 | $96,756 |
| AMERICAN HONDA FINANCE | $234,988 | $221,712 |
| AMERICAN TOWER CORP | $398,812 | $397,945 |
| ASTRAZENECA PLC | $199,190 | $184,521 |
| AT&T | $153,001 | $156,982 |
| BANCO SANTANDER | $200,000 | $193,495 |
| BANK OF AMERICA | $324,986 | $290,143 |
| BAXTER | $156,346 | $166,388 |
| BERRY GLOBAL | $123,597 | $127,364 |
| BIOGEN INC | $130,547 | $130,458 |
| BNP PARIBAS MTN | $283,478 | $254,332 |
| BOEING COMPANY 2 | $89,672 | $84,922 |
| BOSTON SCIENTIFIC CORP | $131,921 | $132,957 |
| BROADCOM CORP | $79,227 | $80,498 |
| BUNGE LIMITED | $113,327 | $113,037 |
| CANADIAN IMPERIAL BANK | $135,856 | $140,125 |
| CANADIAN PACIFIC | $168,506 | $159,060 |
| CAPITAL ONE | $194,735 | $180,080 |
| CELANESE | $101,134 | $95,594 |
| CITIGROUP | $332,446 | $287,362 |
| CNA FINANCIAL CORP | $128,853 | $128,706 |
| CROWN CASTLE | $126,712 | $110,227 |
| CSX CORP | $196,075 | $176,864 |
| CVS HEALTH CORP | $164,257 | $167,387 |
| DELL INTERNATIONAL LLC | $138,336 | $143,496 |
| DIGITAL REALTY | $163,830 | $165,375 |
| DISCOVER FINANCIAL | $77,323 | $69,303 |
| DUKE ENERGY CORP | $324,841 | $304,099 |
| EBAY | $177,427 | $181,790 |
| ENERGY TRANSFER OPERATING | $88,262 | $82,149 |
| ENTERGY CORP | $128,568 | $132,195 |
| FISERV, INC. | $324,454 | $324,595 |
| FORTIVE CORP | $130,453 | $131,371 |
| FOX CORP | $156,979 | $159,850 |
| GENERAL MOTORS | $124,988 | $114,044 |
| GLOBAL PAYMENTS INC | $274,931 | $269,225 |
| HEWLETT PACKARD | $179,581 | $155,892 |
| HUMANA | $163,708 | $164,157 |
| ING GROEP | $221,663 | $222,794 |
| INTERSTATE POWER AND LIGHT | $193,045 | $179,689 |
| INVESCO FINANCE | $89,032 | $81,226 |
| JPMORGAN CHASE | $280,000 | $259,733 |
| L3HARRIS TECH | $150,986 | $154,620 |
| LABORATORY CORP OF AMER | $397,769 | $368,262 |
| MARATHON PETROLEUM | $167,813 | $145,960 |
| MID-AMERICA | $190,416 | $201,679 |
| MITSUBISHI UFJ | $225,116 | $235,871 |
| MORGAN STANLEY HYBRID | $267,497 | $274,421 |
| MPLX LP | $349,248 | $329,589 |
| NASDAQ INC | $164,048 | $158,032 |
| NEXTERA ENERGY CAPITAL | $337,408 | $320,296 |
| NORTHERN TRUST | $271,060 | $281,465 |
| NUTRIEN LTD | $75,897 | $78,730 |
| NXP BV | $159,600 | $163,531 |
| ORACLE CORPORATION | $184,932 | $180,020 |
| PAYPAL HOLDINGS | $310,316 | $300,337 |
| PEPSICO INC | $349,752 | $342,242 |
| PHILIP MORRIS | $154,646 | $158,574 |
| PHILLIPS 66 | $110,440 | $109,693 |
| PNC FINANCIAL | $81,007 | $84,416 |
| PROCTER & GAMBLE | $214,652 | $201,162 |
| PUBLIC STORAGE | $87,575 | $92,145 |
| REYNOLDS AMERICAN | $174,592 | $155,562 |
| ROYAL BANK | $224,613 | $224,171 |
| ROYALTY PHARMA | $78,122 | $80,623 |
| SABINE PASS | $162,654 | $168,206 |
| SANTANDER UK | $260,896 | $243,028 |
| SIMON PROPERTY | $169,840 | $175,008 |
| SUMITOMO MITSUI | $224,045 | $233,630 |
| SYNCHRONY FINANCIAL | $249,390 | $252,201 |
| SYSCO CORP | $83,756 | $77,489 |
| T-MOBILE USA | $126,095 | $117,383 |
| TORONTO-DOMINION | $108,778 | $111,785 |
| TRANSCANADA PIPELINES | $186,484 | $191,036 |
| TRUIST FINANCIAL | $226,081 | $226,150 |
| U.S. BANCORP | $304,612 | $314,027 |
| VERIZON COMMUNICATIONS | $95,647 | $85,405 |
| VODAFONE GROUP | $164,803 | $149,503 |
| WELLS FARGO | $175,113 | $158,031 |
| WELLS FARGO HYBRID | $138,075 | $140,469 |
| WP CAREY INC | $80,419 | $80,576 |
| ZIMMER BIOMET | $140,026 | $144,087 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (4 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ANTERO MIDSTREAM | $1,306,865 | $2,013,609 |
| ASML HOLDINGS | $2,868,603 | $23,407,751 |
| JP MORGAN | $2,024,620 | $1,969,466 |
| MFO TWEEDY | $5,718,483 | $7,622,443 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (25 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| FARALLON | AT COST | $21,834,156 | $21,145,297 |
| GMO EMERGING | AT COST | $6,327,118 | $4,748,951 |
| GOLDMAN SACHS INTERESTS | AT COST | $3,031,845 | $7,545,463 |
| GS #3 | AT COST | $180,347 | $57,444 |
| HORIZON ENERGY | AT COST | $237,690 | $228,618 |
| LORD ABBETT SD INCOME | AT COST | $655,666 | $585,180 |
| OEP #1 | AT COST | $414,607 | $414,607 |
| OEP #2 | AT COST | $4,723,228 | $4,723,228 |
| OEP #3 | AT COST | $18,400,613 | $18,400,613 |
| OEP #4 | AT COST | $17,572,574 | $17,572,574 |
| OEP #5 | AT COST | $344,941 | $344,941 |
| PEM HOLDING | AT COST | $1,571,696 | $64,475,637 |
| ROUNDTABLE #2 | AT COST | $0 | $91 |
| ROUNDTABLE #3 | AT COST | $0 | $436 |
| ROUNDTABLE #4 | AT COST | $644,572 | $644,572 |
| ROUNDTABLE #5 | AT COST | $601,904 | $601,904 |
| ROUNDTABLE #6 | AT COST | $1,827,728 | $1,827,728 |
| TINICUM #1 | AT COST | $20,161,699 | $20,161,699 |
| TINICUM #2 | AT COST | $456,349 | $456,349 |
| TINICUM #4 | AT COST | $101,180 | $101,180 |
| VINTAGE #1 | AT COST | $268,846 | $268,846 |
| VINTAGE #2 | AT COST | $512,506 | $669,841 |
| VN CAPITAL #1 | AT COST | $58,783 | $252,452 |
| VN CAPITAL #2 | AT COST | $1,436,910 | $1,651,265 |
| WHITEHALL ST. INT'L | AT COST | $1,501,418 | $4,751 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| OTHER DEDUCTIONS - LP | $1,978,594 | $1,973,189 | $0 |
| NONDEDUCTIBLE EXPENSE - LP | $11,149 | $0 | $0 |
| MISC EXP - ALT. INVESTMENTS | $10,636 | $10,636 | $0 |
| CHARITABLE CONTRIBUTION - LP | $910 | $0 | $0 |
| MISCELLANEOUS EXPENSE | $1,081 | $0 | $1,081 |
| STATE FILING FEES | $15 | $0 | $15 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| ORDINARY INCOME - LP | $931,522 | $52,994 | $0 |
| OTHER INCOME - ALT. INVEST. | $510,737 | $510,737 | $0 |
| NET RENTS - LP | -$1,171 | $461 | $0 |
| 1231 LOSS FROM LP | -$275,434 | -$357,633 | $0 |
| OTHER INCOME - LP | $125,407 | $124,555 | $0 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TIMING DIFFERENCE | Desc |
| Amt | $477,208 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (6 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| MNGMT FEES - ALT. INVEST. | $84,013 | $84,013 | $0 |
| MNGMT FEES - GS #2 | $53,004 | $53,004 | $0 |
| MNGMT FEES - JP MORGAN | $18,751 | $18,751 | $0 |
| INVST FEES - NORTH TR #1 | $25,754 | $25,754 | $0 |
| INVST FEES - GS #1 | $2,500 | $2,500 | $0 |
| INVST FEES - NORTH TR #2 | $50 | $50 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (6 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FOREIGN TAXES - LP | $46,900 | $35,604 | $0 |
| FOREIGN TAXES - ASML | $29,931 | $29,931 | $0 |
| FOREIGN TAXES - JP MORGAN | $7,072 | $7,072 | $0 |
| FOREIGN TAXES - GMO EMER. | $33,322 | $33,322 | $0 |
| FOREIGN TAXES - N. TR #1 | $14,424 | $14,424 | $0 |
| FEDERAL EXCISE TAX | $975,000 | $0 | $0 |