SIX STRING GIVING FOUNDATION: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- SIX STRING GIVING FOUNDATION (EIN 87-2664106)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-05-10
- IRS object ID
- 202301309349101645
- Schema version
- 2022v5.0
- 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
- Schedule B
- Depreciation Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Liquidation Explanation Stmt
- Legal Fees Schedule
- Other Expenses Schedule
- Other Professional Fees Schedule
- Reasonable Cause Explanation
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-05-10T13:58:35-05:00 | ReturnTs |
| Tax Period End | 2022-12-31 | 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 | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 872664106 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Six String Giving Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Foundation Source | InCareOfNm |
| Business Name Control | SIXS | 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 | NIR MESSAFI | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2023-04-28 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | NIR | PersonFirstNm |
| Person Last | MESSAFI | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jeffrey D Haskell | PreparerPersonNm |
| PTIN | P01345770 | PTIN |
| Phone | 8008391754 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | TrustedCustomerGrp |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Change | Yes (X) | NameChangeInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $10,623,976 | 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 | $9,180,453 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $85 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $85 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $54,059 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $54,059 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$371,593 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $6,926,289 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $343,089 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $8,863,004 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $397,233 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $5,087 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $5,087 | LegalFeesDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $17,905 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $17,905 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $8,600 | TaxesRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $17,211 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $17,211 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $48,803 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $17,905 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $22,298 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $775,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $775,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $823,803 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $17,905 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $797,298 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $8,039,201 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $379,328 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $189,989 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $78,976 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $78,976 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations EOY | $3,520,015 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $3,521,168 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $2,486,120 | CorporateStockBOYAmt |
| Corporate Stock EOY | $7,116,319 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $7,023,832 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $2,676,109 | TotalAssetsBOYAmt |
| Total Assets EOY | $10,715,310 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $10,623,976 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $2,676,109 | RetainedEarningBOYAmt |
| Retained Earning EOY | $10,715,310 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $2,676,109 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $10,715,310 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $2,676,109 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $10,715,310 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $2,676,109 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $8,039,201 | ExcessRevenueOverExpensesAmt |
| Subtotal | $10,715,310 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $10,715,310 | 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 | $6,926,289 | GrossSalesPriceAmt |
| Cost Or Other Basis | $6,583,200 | CostOrOtherBasisAmt |
| Gain Or Loss | $343,089 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $343,089 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $343,089 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $5,273 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $5,273 | SubtotalAmt |
| Tax Based On Investment Income | $5,273 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $5,827 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $5,827 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $554 | OverpaymentAmt |
| Applied To ES Tax | $554 | 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 | Yes (true) | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | DE | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8008391754 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 501 Silverside Road Suite 123 | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 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 | 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 (3 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 Kroin | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir | 2.0 | $0 | $0 | $0 |
| Michelle Kroin | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Pres | 20.0 | $0 | $0 | $0 |
| Nir Messafi | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Sec, Treas | 3.0 | $0 | $0 | $0 |
| 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 | $3,068,726 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $72,376 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $3,141,102 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $3,141,102 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $47,117 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $3,093,985 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $154,699 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $154,699 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $5,273 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $5,273 | TotalTaxAmt |
| Distributable Before Adj | $149,426 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $149,426 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $149,426 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $797,298 | 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 | $797,298 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $149,426 | DistributableAsAdjustedAmt |
| Prior Year1 | 2020 | PriorYear1Yr |
| Prior Year2 | 2019 | PriorYear2Yr |
| Prior Year3 | 2018 | PriorYear3Yr |
| Excess Distribution Cyov Yr1 | $309,194 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $309,194 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $797,298 | QualifyingDistributionsAmt |
| Applied To Current Year | $149,426 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $647,872 | RemainingDistriFromCorpusAmt |
| Total Corpus | $957,066 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $957,066 | ExcessDistriCyovToNextYrAmt |
| Excess From Year1 | $309,194 | ExcessFromYear1Amt |
| Excess From Current Year | $647,872 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | David Kroin | ContributingManagerNm |
| Contributing Manager | Michelle Kroin | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| CANCER SUPPORT TEAM INC | |||||||
| 2900 WESTCHESTER AVE STE 103 | PURCHASE | NY | 10577 | N/A | PC | General & Unrestricted | $65,000 |
| DANA FARBER CANCER INSTITUTE INC | |||||||
| 10 BROOKLINE PL WEST | BROOKLINE | MA | 02445 | N/A | PC | Multiple Myeloma Program | $25,000 |
| DOMUS KIDS INC | |||||||
| 83 LOCKWOOD AVE | STAMFORD | CT | 06902 | N/A | PC | Invictus re-entry program | $25,000 |
| EXPERIENCE CAMPS | |||||||
| PO BOX 5121 | WESTPORT | CT | 06881 | N/A | PC | General & Unrestricted | $10,000 |
| FIDELITY INVESTMENTS CHARITABLE GIFT FUND | |||||||
| 245 SUMMER ST MZ NM43A | BOSTON | MA | 02210 | N/A | PC | General & Unrestricted | $410,000 |
| MINDS MATTER | |||||||
| 1120 AVE OF THE AMERICAS 4TH FL | NEW YORK | NY | 10036 | N/A | PC | General & Unrestricted | $65,000 |
| NEIGHBOR TO NEIGHBOR INC | |||||||
| 248 E PUTNAM AVE | GREENWICH | CT | 06830 | N/A | PC | General & Unrestricted | $20,000 |
| NY COMMUNITY FRIDGE CORP | |||||||
| 1760 2ND AVE APT 20F | NEW YORK | NY | 10128 | N/A | PC | General & Unrestricted | $65,000 |
| PORT CHESTER CARVER CENTER INC | |||||||
| 400 WESTCHESTER AVE | PORT CHESTER | NY | 10573 | N/A | PC | General & Unrestricted | $65,000 |
| TRANSLATIONAL GENOMICS RESEARCH INSTITUTE FOUNDATI | |||||||
| 445 N 5TH ST STE 120 | PHOENIX | AZ | 85004 | N/A | PC | Molecular Medicine division currently led by Dr. Von Hoff | $25,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $775,000 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $85 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $54,059 | 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 | -$371,593 | 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 | -$317,449 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | -$317,449 | 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 |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | Kroin David | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 Greenwich Avenue 3rd Floor | AddressLine1Txt |
| City | Greenwich | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06830 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $9,180,453 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp (37 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | TESLA MOTORS INC TSLA, 192 sh. | $186,725 | 2022-01-20 |
| 1 | SPDR SER TR S&P OIL & GAS EXPL & PRODTT XOP, 374 sh. | $50,496 | 2022-12-30 |
| 1 | SCHWAB U.S. LARGE-CAP GROWTH SCHG, 203 sh. | $11,204 | 2022-12-30 |
| 1 | VANGUARD TOTAL INTERNATIONAL STOCK ETF VXUS, 1313 sh. | $68,079 | 2022-12-30 |
| 1 | ISHARES CORE MSCI EMERGING MARKETS IEMG, 1220 sh. | $57,212 | 2022-12-30 |
| 1 | ISHARES CORE MSCI EAFE ETF IEFA, 162 sh. | $10,300 | 2022-12-30 |
| 1 | SPDR S&P 500 GROWTH SPYG, 201 sh. | $10,130 | 2022-12-30 |
| 1 | SPDR S&P 500 VALUE SPYV, 2539 sh. | $98,310 | 2022-12-30 |
| 1 | VANGARD RUSSELL 1000 GROWTH VONG, 2169 sh. | $118,861 | 2022-12-30 |
| 1 | SCHWAB STRATEGIC TR US LARGE CAP VALUE SCHV, 2038 sh. | $133,988 | 2022-12-30 |
| 1 | SPDR PORTFOLIO EMERGING MARKETS ETF SPEM, 2195 sh. | $74,915 | 2022-12-30 |
| 1 | ISHARES MSCI WORLD ETF URTH, 1021 sh. | $111,131 | 2022-12-30 |
| 1 | US TREAS BILLS ZERO CPN - 0.000% - 04/0 912796YN3, 1782000 sh. | $1,762,018 | 2022-12-30 |
| 1 | US TREAS BILLS ZERO CPN - 0.000% - 10/0 912796YJ2, 1820000 sh. | $1,757,996 | 2022-12-30 |
| 1 | ISHARE SP SMALL CAP 600 INDEX FD IJR, 105 sh. | $9,911 | 2022-12-30 |
| 1 | ISHARES S&P 500 INDEX FD IVV, 37 sh. | $14,142 | 2022-12-30 |
| 1 | ISHARES MSCI AUSTRALIA INDEX FD EWA, 1433 sh. | $32,930 | 2022-12-30 |
| 1 | VANGUARD TOTAL STOCK MARKET ETF VTI, 220 sh. | $41,861 | 2022-12-30 |
| 1 | SPDR GOLD SHARES GLD, 1950 sh. | $330,233 | 2022-12-30 |
| 1 | ISHARES S&P MIDCAP 400 GROWTH INDEX FUN IJK, 98 sh. | $6,673 | 2022-12-30 |
| 1 | ISHARES S&P SMALLCAP 600 GROWTH INDEX F IJT, 207 sh. | $22,326 | 2022-12-30 |
| 1 | ISHARE MSCI UK INDEX EWU, 897 sh. | $27,520 | 2022-12-30 |
| 1 | VANGUARD FTSE EMERGING MARKETS VWO, 1887 sh. | $73,763 | 2022-12-30 |
| 1 | VANGUARD SM-CAP ETF VB, 159 sh. | $30,403 | 2022-12-30 |
| 1 | ISHARES MSCI GRW IDX EFG, 651 sh. | $54,671 | 2022-12-30 |
| 1 | VANGUARD VALUE ETF VTV, 54 sh. | $7,787 | 2022-12-30 |
| 1 | VANGUARD GROWTH ETF VUG, 57 sh. | $13,049 | 2022-12-30 |
| 1 | ISHARES CORE MSCI DEV MKTS ETF IDEV, 4316 sh. | $242,236 | 2022-12-30 |
| 1 | VANGUARD LG-CAP ETF VV, 2630 sh. | $455,884 | 2022-12-30 |
| 1 | VANGUARD SMALL-CAP GROWTH ETF VBK, 648 sh. | $129,182 | 2022-12-30 |
| 1 | VANGUARD MID-CAP GROWTH ETF VOT, 248 sh. | $44,313 | 2022-12-30 |
| 1 | VANGUARD MID-CAP VALUE INDEX VOE, 897 sh. | $120,947 | 2022-12-30 |
| 1 | VANGUARD FTSE DEVELOPED MARKETS VEA, 4113 sh. | $173,198 | 2022-12-30 |
| 1 | VANGUARD FTSE ALL-WORLD EX-US ETF VEU, 2201 sh. | $110,721 | 2022-12-30 |
| 1 | SCHWAB U.S. SMALL-CA SCHA, 180 sh. | $7,558 | 2022-12-30 |
| 1 | SCHWAB STRATEGIC TREMERGING MKTS EQUITY SCHE, 1592 sh. | $37,834 | 2022-12-30 |
| 1 | CHARLES SCHWAB INTRNTNL EQ SCHF, 7590 sh. | $245,385 | 2022-12-30 |
Depreciation Schedule DepreciationSchedule
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (45 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| CHARLES SCHWAB INTRNTNL EQ | $245,385 | $244,474 |
| INVESCO OPTIMUM YIELD DIVERSIF | $42,459 | $41,177 |
| ISHARE MSCI UK INDEX | $27,520 | $27,502 |
| ISHARE SP SMALL CAP 600 INDEX | $97,545 | $92,747 |
| ISHARES 20+ YR TREAS BD | $176,289 | $164,374 |
| ISHARES BARCLAYS MBS BOND FUND | $40,446 | $41,181 |
| ISHARES BROAD USD HIGH YIELD C | $127,107 | $123,859 |
| ISHARES BROAD USD INV GRD CORP | $547,147 | $535,888 |
| ISHARES CORE MSCI DEV MKTS ETF | $242,236 | $241,610 |
| ISHARES CORE MSCI EAFE ETF | $1,006,365 | $998,875 |
| ISHARES CORE MSCI EMERGING MAR | $436,528 | $427,632 |
| ISHARES JP MORGAN USD EM MKTS | $63,417 | $61,751 |
| ISHARES MSCI AUSTRALIA INDEX F | $32,930 | $31,856 |
| ISHARES MSCI GRW IDX | $54,671 | $54,528 |
| ISHARES MSCI WORLD ETF | $111,131 | $111,544 |
| ISHARES S&P 500 INDEX FD | $14,142 | $14,216 |
| ISHARES S&P MIDCAP 400 GROWTH | $6,673 | $6,693 |
| ISHARES S&P SMALLCAP 600 GROWT | $22,326 | $22,370 |
| SCHWAB STRATEGIC TR US LARGE C | $133,988 | $134,549 |
| SCHWAB STRATEGIC TREMERGING MK | $37,834 | $37,683 |
| SCHWAB U.S. LARGE-CAP GROWTH | $11,204 | $11,279 |
| SCHWAB U.S. SMALL-CA | $7,558 | $7,292 |
| SPDR GOLD SHARES | $330,233 | $330,798 |
| SPDR PORTFOLIO EMERGING MARKET | $74,915 | $72,347 |
| SPDR S&P 500 GROWTH | $10,130 | $10,185 |
| SPDR S&P 500 VALUE | $98,310 | $98,742 |
| SPDR SER TR S&P OIL & GAS EXPL | $136,030 | $133,570 |
| VANECK VECTOR JPMORGAN EM LOCA | $62,519 | $61,690 |
| VANGARD RUSSELL 1000 GROWTH | $593,406 | $576,941 |
| VANGUARD FTSE ALL-WORLD EX-US | $110,721 | $110,358 |
| VANGUARD FTSE DEVELOPED MARKET | $173,198 | $172,623 |
| VANGUARD FTSE EMERGING MARKETS | $73,763 | $73,555 |
| VANGUARD GOVT BOND ETF INTERME | $124,239 | $123,451 |
| VANGUARD GROWTH ETF | $13,049 | $12,147 |
| VANGUARD LG-CAP ETF | $455,884 | $458,146 |
| VANGUARD MID-CAP ETF | $300,159 | $290,633 |
| VANGUARD MID-CAP GROWTH ETF | $44,313 | $44,580 |
| VANGUARD MID-CAP VALUE INDEX | $120,947 | $121,310 |
| VANGUARD RUSSELL 1000 VALUE ET | $545,550 | $540,097 |
| VANGUARD RUSSELL 2000 ETF | $86,740 | $82,896 |
| VANGUARD SM-CAP ETF | $30,403 | $29,183 |
| VANGUARD SMALL-CAP GROWTH ETF | $129,182 | $129,950 |
| VANGUARD TOTAL INTERNATIONAL S | $68,079 | $67,908 |
| VANGUARD TOTAL STOCK MARKET ET | $41,861 | $42,062 |
| VANGUARD VALUE ETF | $7,787 | $7,580 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $3,520,015 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $3,521,168 | USGovtObligationsEOYFMVAmt |
Liquidation Explanation Stmt LiquidationExplanationStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2022, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $775,000. This amount represents 25% or more of the Foundation's net assets of $2,687,336 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2022. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein. | ExplanationTxt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | General Consultations | CategoryTxt |
| Legal Fees | $5,087 | LegalFeesAmt |
| Disbursements Charitable Prps | $5,087 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| Administrative Fees | $16,891 | $16,891 |
| Postage/Delivery Service | $31 | $31 |
| State or Local Filing Fees | $289 | $289 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment Management Services | CategoryTxt |
| Amt | $17,905 | Amt |
| Net Investment Income | $17,905 | NetInvestmentIncomeAmt |
Reasonable Cause Explanation ReasonableCauseExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | We respectfully request that the Foundation's quarterly estimated tax payments be treated as timely and request that no underpayment penalties be assessed because the payment delay was due to reasonable cause. Treasury Regulations SEC. 301.6651-1(c)(1) defines reasonable cause by asking whether the taxpayer exercised ordinary business care and prudence. The Foundation exercised care and prudence in seeking a reputable firm knowledgeable about exempt organizations to submit a payment in a timely fashion for Form 990-PF. The Foundation's administrator initially mailed a request to update the Foundation's name in the Internal Revenue Service's (the "Service") database in advance of the quarterly estimated tax deadlines. Unbeknownst to the Foundation, the name was updated, but the administrator did not enroll the Foundation in EFTPS to make timely quarterly payments. Once this error was discovered, the Foundation was enrolled in EFTPS and the required payments were made. Form 2220 reports the quarterly estimated tax payments as made timely as if the error did not occur, since this was through no fault of the Foundation. The administrator has updated its policies and procedures to ensure that this will not occur in the future. According to the standards set forth in Rev. Proc. 92-85, we believe the Foundation's and its administrator's actions were reasonable and in good faith. The delay in submitting quarterly estimates was not in any way due to an intentional disregard of IRS rules but rather a clerical error. Therefore, we believe the Foundation is entitled to abatement of any penalty. | ExplanationTxt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt |
|---|---|
| 990-PF Estimated Tax for 2022 | $5,700 |
| 990-PF Extension for 2021 | $2,900 |