THE CORRELL FAMILY FOUNDATION INC: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- THE CORRELL FAMILY FOUNDATION INC (EIN 13-4311179)
- Tax period
- 2021-07-01 to 2022-06-30
- Filed
- 2023-05-03
- IRS object ID
- 202331239349100103
- Schema version
- 2021v4.2
- 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
- Accounting Fees Schedule
- All Oth Prog Rltd Investments Sch
- Contractor Compensation Expln
- Depreciation Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-05-03T05:48:25-05:00 | ReturnTs |
| Tax Period End | 2022-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERNST & YOUNG US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One Manhattan West | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10001 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2021-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 134311179 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Correll Family Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % THE AYCO COMPANY LP | InCareOfNm |
| Business Name Control | CORR | BusinessNameControlTxt |
| Phone | 5186405000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O Ayco Company LP PO Box 15201 | AddressLine1Txt |
| City | Albany | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 122125201 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ELIZABETH RICHARDS | PersonNm |
| Person Title | DIRECTOR/TREASURER | PersonTitleTxt |
| Phone | 5186405000 | PhoneNum |
| Signature | 2022-03-16 | SignatureDt |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | ELIZABETH | PersonFirstNm |
| Person Last | RICHARDS | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CHRISTINE W DIIONNA | PreparerPersonNm |
| PTIN | P00999533 | PTIN |
| Phone | 2127733000 | PhoneNum |
| Preparation | 2023-04-20 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $36,211,470 | 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 | $3,000,480 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $3,126 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $3,126 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $1,212,134 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,212,134 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $2,013,362 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $21,005,368 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $2,010,802 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $93,435 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $115,241 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $6,322,537 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $3,341,303 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $79,200 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $79,200 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $74,929 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $37,465 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $37,464 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $263,867 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $261,365 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $2,502 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $28,748 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $28,748 | InterestNetInvstIncmAmt |
| Taxes Rev And Expnss | $54,046 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $1,649 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $8,397 | TaxesDsbrsChrtblAmt |
| Occupancy Rev And Expnss | $80,034 | OccupancyRevAndExpnssAmt |
| Occupancy Dsbrs Chrtbl | $80,034 | OccupancyDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $17,528 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $17,528 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $598,352 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $329,227 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $225,125 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $2,086,800 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $2,086,800 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,685,152 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $329,227 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $2,311,925 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $3,637,385 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $3,012,076 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $1,417,742 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,211,566 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,211,566 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses BOY | $3,009 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $0 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $0 | PrepaidExpensesEOYFMVAmt |
| Corporate Stock BOY | $19,109,531 | CorporateStockBOYAmt |
| Corporate Stock EOY | $21,407,993 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $22,543,033 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $9,364,922 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $9,626,389 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $9,434,560 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $1,780,903 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $2,608,155 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $3,022,311 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $31,676,107 | TotalAssetsBOYAmt |
| Total Assets EOY | $34,854,103 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $36,211,470 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $0 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $107,660 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $107,660 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $31,676,107 | CapitalStockBOYAmt |
| Capital Stock EOY | $34,746,443 | CapitalStockEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $31,676,107 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $34,746,443 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $31,676,107 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $34,854,103 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $31,676,107 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $3,637,385 | ExcessRevenueOverExpensesAmt |
| Subtotal | $35,313,492 | SubtotalAmt |
| Other Decreases | $567,049 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $34,746,443 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (27 entries)
| PropertyPropertyDesc | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|---|
| GS #256-2 PUBLICLY TRADED SECURITIES | 2022-06-30 | $3,954,498 | $3,649,894 | $304,604 | $304,604 | |
| GS #283-8 PUBLICLY TRADED SECURITIES | 2022-06-30 | $4,714,867 | $3,889,370 | $825,497 | $825,497 | |
| GS #438-7 PUBLICLY TRADED SECURITIES | 2022-06-30 | $272,871 | $244,685 | $28,186 | $28,186 | |
| GS #571-4 PUBLICLY TRADED SECURITIES | 2022-06-30 | $324,944 | $324,618 | $326 | $326 | |
| GS #587-4 PUBLICLY TRADED SECURITIES | 2022-06-30 | $2,017,341 | $2,090,447 | -$73,106 | -$73,106 | |
| GS #588-2 PUBLICLY TRADED SECURITIES | 2022-06-30 | $552,147 | $562,424 | -$10,277 | -$10,277 | |
| GS #619-1 PUBLICLY TRADED SECURITIES | 2022-06-30 | $2,043,364 | $2,061,621 | -$18,257 | -$18,257 | |
| GS #754-8 PUBLICLY TRADED SECURITIES | 2022-06-30 | $466,242 | $398,286 | $67,956 | $67,956 | |
| GS #472-9 PUBLICLY TRADED SECURITIES | 2022-06-30 | $4,760,750 | $4,176,798 | $583,952 | $583,952 | |
| GS #924-1 PUBLICLY TRADED SECURITIES | 2022-06-30 | $351,146 | $257,187 | $93,959 | $93,959 | |
| CHATHAM INVESTMENT FUND QP IV, LLC | 2021-12-31 | $27,699 | $0 | $27,699 | $27,699 | P |
| GS #778-6 PUBLICLY TRADED SECURITIES | 2022-06-30 | $121,337 | $0 | $121,337 | $121,337 | |
| GS #628-3 PUBLICLY TRADED SECURITIES | 2022-06-30 | $1,284,794 | $1,336,676 | -$51,882 | -$51,882 | |
| CAPITAL GAIN DIVIDENDS | $113,368 | P | ||||
| CAPITAL GAIN DIVIDENDS | $113,368 | P | ||||
| CAPITAL GAIN DIVIDENDS | $113,368 | P | ||||
| CAPITAL GAIN DIVIDENDS | $113,368 | P | ||||
| CAPITAL GAIN DIVIDENDS | $113,368 | P | ||||
| CAPITAL GAIN DIVIDENDS | $113,368 | P | ||||
| CAPITAL GAIN DIVIDENDS | $113,368 | P | ||||
| CAPITAL GAIN DIVIDENDS | $113,368 | P | ||||
| CAPITAL GAIN DIVIDENDS | $113,368 | P | ||||
| CAPITAL GAIN DIVIDENDS | $113,368 | P | ||||
| CAPITAL GAIN DIVIDENDS | $113,368 | P | ||||
| CAPITAL GAIN DIVIDENDS | $113,368 | P | ||||
| CAPITAL GAIN DIVIDENDS | $113,368 | P | ||||
| CAPITAL GAIN DIVIDENDS | $113,368 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $2,010,802 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $41,868 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $41,868 | SubtotalAmt |
| Tax Based On Investment Income | $41,868 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $42,258 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $42,258 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $58 | EsPenaltyAmt |
| Overpayment | $332 | OverpaymentAmt |
| Applied To ES Tax | $332 | 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 | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE AYCO COMPANY LP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5186405000 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 COLISEUM DRIVE | AddressLine1Txt |
| City | COHOES | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 12047 | 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 |
|---|---|---|---|---|---|---|---|---|
| ADA F CORRELL | ||||||||
| C/O Ayco Company LP PO Box 15201 | Albany | NY | 122125201 | DIRECTOR/SECRETARY | 1.0 | $0 | $0 | $0 |
| ELIZABETH RICHARDS | ||||||||
| C/O Ayco Company LP PO Box 15201 | Albany | NY | 122125201 | DIRECTOR | 1.0 | $0 | $0 | $0 |
| ALSTON D CORRELL III | ||||||||
| C/O Ayco Company LP PO Box 15201 | Albany | NY | 122125201 | DIRECTOR | 1.0 | $0 | $0 | $0 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Goldman Sachs & Co LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3414 Peachtree Road NE Suite 600 | AddressLine1Txt |
| City | ATLANTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30326 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | Invest Management | ServiceTypeTxt |
| Compensation | $261,365 | CompensationAmt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses1 | $0 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $36,725,876 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,561,236 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $2,295,501 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $40,582,613 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $40,582,613 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $608,739 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $39,973,874 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,998,694 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,998,694 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $41,868 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $41,868 | TotalTaxAmt |
| Distributable Before Adj | $1,956,826 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $1,956,826 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,956,826 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $2,311,925 | 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 | $2,311,925 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,956,826 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2019 | PriorYear1Yr |
| Prior Year2 | 2018 | PriorYear2Yr |
| Prior Year3 | 2017 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $1,762,471 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $2,241,304 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $1,913,661 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $20,021 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $1,519,418 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $7,456,875 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $2,311,925 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Current Year | $1,956,826 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $355,099 | RemainingDistriFromCorpusAmt |
| Total Corpus | $7,811,974 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $1,762,471 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $6,049,503 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $2,241,304 | ExcessFromYear4Amt |
| Excess From Year3 | $1,913,661 | ExcessFromYear3Amt |
| Excess From Year2 | $20,021 | ExcessFromYear2Amt |
| Excess From Year1 | $1,519,418 | ExcessFromYear1Amt |
| Excess From Current Year | $355,099 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NONE | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VARIOUS (SEE ATTACHMENT) | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O THE AYCO CO LP - PO BOX 15201 | AddressLine1Txt |
| City | ALBANY | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 122125201 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | NONE | RecipientRelationshipTxt |
| Recipient Foundation Status | PC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | GENERAL CHARITABLE PURPOSES | GrantOrContributionPurposeTxt |
| Amt | $2,086,800 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $2,086,800 | 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 | $3,126 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,212,134 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $105,284 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 901101 | BusinessCd |
| Unrelated Business Taxbl Incm | $2,560 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $2,010,802 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PARTNERSHIP INCOME | Desc |
| Business | 901101 | BusinessCd |
| Unrelated Business Taxbl Incm | -$21,806 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 01 | ExclusionCd |
| Exclusion | $9,957 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | -$19,246 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $3,341,303 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $3,322,057 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | N/A | LineNumberTxt |
| Relationship Statement | NOT APPLICABLE | RelationshipStatementTxt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (2 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|---|
| ALSTON D CORRELL IRA | |||||||
| 1 | C/O AYCO COMPANY LP PO BOX 15201 | ALBANY | NY | 12212 | $193,230 | Yes (X) | |
| ALSTON D CORRELL IRA | |||||||
| 2 | C/O AYCO COMPANY LP PO BOX 15201 | ALBANY | NY | 12212 | $2,807,250 | Yes (X) | Yes (X) |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 2 | ContributorNum |
| Noncash Property | PUBLICLY TRADED SECURITIES SEE ATTACHED LIST | NoncashPropertyDesc |
| Fair Market Value | $2,807,250 | FairMarketValueAmt |
| Received | 2021-08-10 | ReceivedDt |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $74,929 | Amt |
| Net Investment Income | $37,465 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $37,464 | DisbursementsCharitablePrpsAmt |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NONE | Desc |
Contractor Compensation Expln ContractorCompensationExpln
Contractor Comp Expln ContractorCompExplnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Person | Goldman Sachs Co LLC | ContractorPersonNm |
| Explanation | Provide investment management services | ExplanationTxt |
Depreciation Schedule DepreciationSchedule
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (3 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| GS #619-1 | $4,690,045 | $4,225,487 |
| GS #571-4 | $2,771,899 | $2,451,485 |
| GS #588-2 | $2,164,445 | $2,757,588 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (9 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| GS #256-2 | $0 | $0 |
| GS #283-8 | $1,923,631 | $1,644,518 |
| GS #438-7 | $4,792,332 | $6,366,327 |
| GS #587-4 | $1,628,200 | $1,804,614 |
| GS #588-2 | $788,098 | $701,234 |
| GS #754-8 | $1,247,265 | $1,333,808 |
| GS #628-3 | $2,956,819 | $2,578,523 |
| GS #472-9 | $7,617,492 | $7,729,649 |
| GS #924-1 | $454,156 | $384,360 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (10 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| GS PMMC II LCC | AT COST | $1,056,095 | $1,043,283 |
| K-1 CHATHAM INVT FD QP IV LLC | AT COST | $409,352 | $676,327 |
| K-1 ENTERPRISE PRODUCTS | AT COST | $130,205 | $277,818 |
| GS PRIVATE EQUITY MGRS 2021 | $81,500 | $82,613 | |
| GS WEST ST CP VIII | $268,966 | $270,157 | |
| GS WEST ST GLOBAL GROWTH PTRS | $390,000 | $400,638 | |
| GS NORTHVOLT INVESTMENTS | AT COST | $75,000 | $74,438 |
| GS STRATEGIC INVESTORS | AT COST | $90,264 | $90,264 |
| GS VINTAGE IX | $20,000 | $20,000 | |
| GS PATIENT SQUARE ACCESS | $86,773 | $86,773 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| APPRECIATION OVER DONOR'S COST BASIS FOR | $0 |
| STOCK DONATED TO THE FOUNDATION | $567,049 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| BANK FEES | $210 | $210 |
| OFFICE EXPENSES | $17,318 | $17,318 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| PARTNERSHIP INCOME | -$11,849 | $9,957 |
| PASSTHROUGH INCOME | $105,284 | $105,284 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| GS #754-8 PUTS/CALLS | $0 | $12,092 |
| GS #778-6 PUTS/CALLS | $0 | $95,568 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | $261,365 | $261,365 | |
| PAYROLL PROCESSING FEES | $2,502 | $2,502 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| EXCISE TAXES PAID | $44,000 | ||
| FOREIGN TAXES PAID | $1,649 | $1,649 | |
| PAYROLL TAXES PAID | $8,397 | $8,397 |