MAX H GLUCK FOUNDATION INC: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- MAX H GLUCK FOUNDATION INC (EIN 95-3979100)
- Tax period
- 2021-07-01 to 2022-06-30
- Filed
- 2023-05-31
- IRS object ID
- 202341519349100929
- 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
- Accounting Fees Schedule
- Cash Deemed Charitable Expln Stmt
- Depreciation Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Land Etc Schedule2
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Reduction Explanation Statement
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-05-31T18:45:42-05:00 | ReturnTs |
| Tax Period End | 2022-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 472717606 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LEVY LAUTER LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 WILSHIRE BLVD 3RD FLOOR | AddressLine1Txt |
| City | SANTA MONICA | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90401 | 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 | 953979100 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Max H Gluck Foundation Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MAXH | BusinessNameControlTxt |
| Phone | 3105197011 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 55516 | AddressLine1Txt |
| City | Sherman Oaks | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 91413 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Jon Kaswick | PersonNm |
| Person Title | President | PersonTitleTxt |
| Phone | 3105197011 | PhoneNum |
| Signature | 2023-05-31 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Jon | PersonFirstNm |
| Person Last | Kaswick | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SHAOUL LEVY | PreparerPersonNm |
| PTIN | P01380835 | PTIN |
| Phone | 3108273808 | PhoneNum |
| Self Employed | Yes (X) | SelfEmployedInd |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| 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 | $110,258,844 | 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 | $23,518 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $23,518 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $2,668,802 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $2,668,802 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $2,514,908 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $19,616,390 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $2,514,908 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $239,980 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $239,980 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $5,447,208 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $5,447,208 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $217,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $22,701 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $181,955 | CompOfcrDirTrstDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $9,572 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $728 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $8,250 | PensionEmplBnftDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $72,051 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $68,448 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $3,603 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $664,414 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $664,414 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $81,966 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $34,269 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $10,673 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $2,837 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Trav Conf Meeting Rev And Expnss | $2,802 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $2,802 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $46,813 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $26,301 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,097,455 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $790,560 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $233,584 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $4,376,330 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $4,512,501 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $5,473,785 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $790,560 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $4,746,085 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$26,577 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $4,656,648 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $50,234 | CashBOYAmt |
| Cash EOY | $50,496 | CashEOYAmt |
| Cash EOYFMV | $50,496 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $10,150,201 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $4,059,839 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $4,059,839 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses BOY | $6,386 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $15,061 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $15,061 | PrepaidExpensesEOYFMVAmt |
| US Government Obligations BOY | $8,381,158 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $8,181,712 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $8,181,712 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $44,352,387 | CorporateStockBOYAmt |
| Corporate Stock EOY | $36,019,491 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $36,019,491 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $20,605,753 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $24,432,737 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $24,432,737 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $47,637,944 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $37,302,172 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $37,302,172 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $15,282 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $14,490 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $2,749 | LandBOYAmt |
| Land EOY | $792 | LandEOYAmt |
| Land EOYFMV | $792 | LandEOYFMVAmt |
| Other Assets BOY | $396,376 | OtherAssetsBOYAmt |
| Other Assets EOY | $196,544 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $196,544 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $131,583,188 | TotalAssetsBOYAmt |
| Total Assets EOY | $110,258,844 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $110,258,844 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $36,686 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $36,344 | AccountsPayableEOYAmt |
| Grants Payable BOY | $4,197,701 | GrantsPayableBOYAmt |
| Grants Payable EOY | $3,011,862 | GrantsPayableEOYAmt |
| Other Liabilities BOY | $292,774 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $19,922 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $4,527,161 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $3,068,128 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $127,056,027 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $107,190,716 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $127,056,027 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $107,190,716 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $131,583,188 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $110,258,844 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $127,056,027 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$26,577 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $127,029,450 | SubtotalAmt |
| Other Decreases | $19,838,734 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $107,190,716 | 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 |
| How Acquired | P | HowAcquiredCd |
| Acquired | 2021-06-30 | AcquiredDt |
| Sold | 2022-06-30 | SoldDt |
| Gross Sales Price | $19,616,390 | GrossSalesPriceAmt |
| Cost Or Other Basis | $17,101,482 | CostOrOtherBasisAmt |
| Gain Or Loss | $2,514,908 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $2,514,908 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $2,514,908 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $64,727 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $64,727 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $64,727 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $26,337 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $20,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $46,337 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Tax Due | $18,390 | TaxDueAmt |
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 | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | DE | 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 | www.gluckfoundation.org | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LEVY LAUTER LLP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3108273808 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 WILSHIRE BOULEVARD 3RD FLOOR | AddressLine1Txt |
| City | SANTA MONICA | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90403 | 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 | 0 | BusinessHoldingsInd |
| 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 (7 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 |
|---|---|---|---|---|---|---|---|---|
| JON A KASWICK MD | ||||||||
| P O Box 55516 | Sherman Oaks | CA | 91413 | President | 2.00 | $2,000 | $0 | $0 |
| Richard Reinis | ||||||||
| 2121 Ave of the Stars Ste 900 | Los Angeles | CA | 90067 | Director | 1.00 | $2,000 | $0 | $0 |
| Jennifer Kaswick | ||||||||
| P O Box 55516 | Sherman Oaks | CA | 91413 | Secretary | 1.00 | $2,000 | $0 | $0 |
| Julie Kaswick | ||||||||
| P O Box 55516 | Sherman Oaks | CA | 91413 | Secretary | 1.00 | $2,000 | $0 | $0 |
| Jessica Kaswick | ||||||||
| 5625 Crescent Park W 119 | Playa Vista | CA | 90094 | Executive Director | 40.00 | $205,000 | $0 | $0 |
| Cathy Hession | ||||||||
| P O Box 55516 | Sherman Oaks | CA | 91413 | Director | 1.00 | $2,000 | $0 | $0 |
| Hetal Patel | ||||||||
| P O Box 55516 | Sherman Oaks | CA | 91413 | Director | 1.00 | $2,000 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| 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 | $121,117,355 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $3,973,718 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $247,824 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $125,338,897 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $644,834 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $125,338,897 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $5,562,168 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $119,776,729 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $5,988,836 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $5,988,836 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $64,727 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $64,727 | TotalTaxAmt |
| Distributable Before Adj | $5,924,109 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $5,924,109 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $5,924,109 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $4,746,085 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $4,746,085 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $5,924,109 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $1,091,193 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $4,746,085 | QualifyingDistributionsAmt |
| Applied To Year1 | $1,091,193 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $3,654,892 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $2,269,217 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (35 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| Angels Gate Cultural Center | |||||||
| 3601 S Gaffey Street | San Pedro | CA | 90731 | N/A | PC | ARTISTS-IN-CLASSROOM | $100,000 |
| Autry Museum of the American West | |||||||
| 4700 Western Heritage Way | Los Angeles | CA | 90027 | N/A | PC | AUTRY-IN-RESIDENCE | $25,000 |
| Boys and Girls Club of LA Harbor | |||||||
| 1200 S Cabrillo Ave | San Pedro | CA | 90731 | N/A | PC | WILMINGTON AFTER-SCHOOL PROGRAM | $75,000 |
| CA Hospital Medical Center | |||||||
| 1401 S Grand Ave | los Angeles | CA | 90015 | N/A | PC | HOPE STREET'S AFTER-SCHOOL PROGRAM | $50,000 |
| CA School of the Arts - SAN GABRIEL VALLEY | |||||||
| 1010 N Main Street | SANTA ANA | CA | 92701 | N/A | PC | GLUCK ARTS FELLOWSHIP PROGRAM | $25,000 |
| Carnegie HallThe Academy | |||||||
| 881 Seventh Avenue | New York | NY | 10019 | N/A | PC | ENSEMBLE CONNECT | $150,000 |
| Children's Hospital of Los Angeles | |||||||
| 3303 Wilshire Boulevard Ste 320 | Los Angeles | CA | 90010 | N/A | PC | MARK TAPER - JOHNNY MERCER ARTISTS PROGRAM | $30,000 |
| Conga Kids | |||||||
| 5858 Wilshire Blvd | Los Angeles | CA | 90036 | N/A | PC | DANCE PROGRAM | $60,000 |
| Fulfillment Fund | |||||||
| 6100 Wilshire Blvd Suite 600 | Los Angeles | CA | 90048 | N/A | PC | HS PROGRAMS FOR COLLEGE ACCESS & SUCCESS | $67,639 |
| Harmony Project | |||||||
| 817 Vine Street Ste 212 | Los Angeles | CA | 90038 | N/A | PC | REGIONAL YOUTH ORCHESTRA | $150,000 |
| Hillsides | |||||||
| 940 Avenue 64 | Pasadena | CA | 91105 | N/A | PC | YOUTH MOVING ON | $35,000 |
| Homes For Families | |||||||
| 21031 Ventura Blvd Suite 610 | Woodland Hills | CA | 91364 | N/A | PC | TRAUMA-INFORMED ART & DRUMMING PROGRAM | $75,000 |
| Inner City Arts | |||||||
| 720 Kohler St | Los Angeles | CA | 90021 | N/A | PC | VISIUAL, MEDIA & PERFORMING ARTS INSTITUTES | $35,000 |
| Leo Baeck Temple | |||||||
| 1300 N Sepulveda Blvd | Los Angeles | CA | 90049 | N/A | PC | EXPERIENTIAL ARTS EDUCATION PROGRAM | $50,000 |
| Los Angeles County Museum of Art | |||||||
| 5905 Wilshire Blvd | Los Angeles | CA | 90036 | N/A | PC | MAYA MOBILE & ANCIENT WORLD MOBILE | $585,832 |
| Los Angeles Museum of the Holocaust | |||||||
| 100 The Grove Dr | Los Angeles | CA | 90036 | N/A | PC | SHARE OUR STORIES | $80,000 |
| Los Angeles Opera | |||||||
| 135 N Grand Ave | Los Angeles | CA | 90012 | N/A | PC | OPERA FOR YOUNG PEOPLE SERIES, OPERA PREP | $156,800 |
| Los Angeles Philharmonic Association | |||||||
| 135 N Grand Ave | Los Angeles | CA | 90012 | N/A | PC | SYMPHONIES FOR SCHOOLS, YOUTH ORCHESTRA LA (YOLA) | $432,850 |
| Loyola Marymount University | |||||||
| 1 Loyola Marymount University Dr | Los Angeles | CA | 90045 | N/A | PC | COLLEGE OF COMMS. & FINE ATRS' COMMUNITY OUTREACH INITIATIVE | $40,000 |
| Natural History Museum | |||||||
| 10th St Constitution Avenue | Washington DC | DC | 20560 | N/A | PC | MOBILE MUSEUM PROGRAM | $337,333 |
| Orange County High School for The Arts | |||||||
| 1010 N Main Street | Santa Ana | CA | 92701 | N/A | PC | Community Service Arts Programs | $75,000 |
| The Colburn School | |||||||
| 200 S Grand Ave | Los Angeles | CA | 90012 | N/A | PC | SUMMER ENCOUNTER, GLUCK FELLOWSHIP PROGRAM, JUMPSTART YOUNG MUSICIANS PROGRAM | $360,644 |
| The Juilliard School | |||||||
| 60 Lincoln Center | new York | NY | 10023 | n/A | PC | Student Fellowship Program | $300,000 |
| The Shakespeare Center of Los Angeles | |||||||
| 1238 W 1st St | Los Angeles | CA | 90026 | N/A | PC | WRITE ON! | $50,000 |
| UCLA - Herb Albert School of Music | |||||||
| 445 Charles E Young Dr E | lOS Angeles | CA | 90095 | n/A | PC | GLUCK FELLOWSHIP PROGRAM | $275,903 |
| United Friends of the Children | |||||||
| 1055 Wilshire Blvd 1955 | Los Angeles | CA | 90017 | N/A | PC | SCHOLARS PROGRAM | $75,000 |
| Venice Family Clinic | |||||||
| 604 Rose Ave | Venice | CA | 90291 | n/A | PC | Education and Support Program | $50,000 |
| Westchester Medical Center Foundation | |||||||
| 100 Woods Road | Valhalla | NY | 10595 | N/A | PC | CHILD LIFE AND CREATIVE ARTS THERAPY TEAM | $75,000 |
| WriteGirl | |||||||
| 1330 Factory Pl Unit F104 | Los Angeles | CA | 90013 | N/A | PC | CORE MENTORING PROGRAM | $27,500 |
| Griffith Observatory Foundation | |||||||
| 2800 E Observatory Rd | Los Angeles | CA | 90027 | N/A | PC | FIFTH-GRADE SCHOOL FIELD TRIP PROGRAM | $21,750 |
| HARBOR COMMUNITY HEALTH CENTERS | |||||||
| 593 W 6TH ST | SAN Pedro | CA | 90731 | N/A | PC | PEDIATRIC PROGRAM | $50,000 |
| LOS ANGELES COUNTY DEPT OF ARTS & CULTURE | |||||||
| 145 N SEPULVEDA BLVD | LOS Angeles | CA | 90049 | N/A | PC | LA COUNTY ARTY EDUCATION COLLECTIVE | $25,000 |
| THE MUSIC CENTER | |||||||
| 135 N Grand Ave | Los Angeles | CA | 90012 | N/A | PC | ARTS INTEGRATION PARTNERSHIPS | $50,000 |
| UNIVERSITY OF CALIFORNIA RIVERSIDE | |||||||
| 1955 CHICAGO AVE SUITE 200 | RIVERside | CA | 92507 | N/A | PC | GLUCK FELLOWS PROGRAM | $416,250 |
| WESTSIDE FAMILY HEALTH CENTER | |||||||
| 3861 SEPULVEDA BLVD | CULVER CITY | CA | 90230 | N/A | PC | FAMILY PRACTICE | $100,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $4,512,501 | 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 | $23,518 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $2,668,802 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $239,980 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $2,514,908 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $5,447,208 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $5,447,208 | 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 | Audit & Accounting Fees | CategoryTxt |
| Amt | $72,051 | Amt |
| Net Investment Income | $68,448 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $3,603 | DisbursementsCharitablePrpsAmt |
Cash Deemed Charitable Expln Stmt CashDeemedCharitableExplnStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Short Explanation | In accordance with Reg. 53.4942(a)-2(c)(3)(iv), the Foundation is excluding from its minimum investment return (MIR) calculation a total of $5,562,168 in cash that it deems held for charitable activities. This amount is in excess of 1.5% of the fair market value (FMV) of the Foundation's total assets. The following information is submitted in support of the exclusion of $5,562,168 from MIR: 1. FMV of Foundation's average total assets- Part X, Line 3: $121,117,355 2. 1.5% of line 1: $1,816,760 3. Justification of the exclusion of an amount in excess of the amount on line 2: As of June 30, 2022, the Foundation has grant commitments of $5,562,168 Therefore, a total of $5,562,168 is deemed held for charitable activities. Historically, the Foundation has funded grant commitments ranging from $4,165,000 to $5,436,000 annually. | ShortExplanationTxt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (6 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|---|---|---|---|
| Office Furniture | 1991-11-27 | $706 | $706 | SL | 7.000000000000 | $0 | $0 |
| Office Furniture-Chest | 1991-12-11 | $170 | $170 | SL | 7.000000000000 | $0 | $0 |
| Conference Table & Chairs | 1995-04-01 | $1,189 | $1,189 | SL | 7.000000000000 | $0 | $0 |
| Office Filing Cabinets | 2006-08-24 | $1,337 | $1,337 | SL | 10.000000000000 | $0 | $0 |
| Office Software | 2019-04-04 | $11,000 | $8,251 | SL | 3.000000000000 | $2,749 | $0 |
| OFFICE EQUIPMENT | 2021-12-22 | $880 | SL | 5.000000000000 | $88 | $0 |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (3 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| Morgan Stanley 237-029670 Corporate Bonds | $10,702,563 | $10,702,563 |
| Morgan Stanley 237-029935 Corporate Bonds | $6,133,886 | $6,133,886 |
| Morgan Stanley 237-029733 Corporate Bonds | $7,596,288 | $7,596,288 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (6 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| Morgan Stanley 237-029670 Stock | $2,140,200 | $2,140,200 |
| Morgan Stanley 237-029664 Stock | $8,319,447 | $8,319,447 |
| Morgan Stanley 237-029729 Stock | $6,434,884 | $6,434,884 |
| Morgan Stanley 237-029932 Stock | $8,793,106 | $8,793,106 |
| Morgan Stanley 237-029731 Stock | $4,657,322 | $4,657,322 |
| Morgan Stanley 237-029856 Stock | $5,674,532 | $5,674,532 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $8,181,712 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $8,181,712 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $0 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $0 | StateLocalSecEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (14 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| Morgan Stanley 237-029670 Templeton Global Bond Fund | FMV | $6,512,260 | $6,512,260 |
| Morgan Stanley 237-029670 Alkeon Growth Offshore Fund | FMV | $3,732,671 | $3,732,671 |
| Morgan Stanley 237-029670 Millennium Int'L Hedge Fund | FMV | $2,435,847 | $2,435,847 |
| UMB - Blackgold Opportunity Offshore Fund | FMV | $279,817 | $279,817 |
| Morgan Stanley 237-029670 Lord Abbett Sht Duration | FMV | $5,950,418 | $5,950,418 |
| Morgan Stanley 368 Pimco Income | FMV | $6,931,175 | $6,931,175 |
| Morgan Stanley 368 AMG Yacktman | FMV | $8,144,328 | $8,144,328 |
| Morgan Stanley 237-029670 PE PREMR OAKTREE XI OFFSHR CPV | AT COST | $72,770 | $72,770 |
| Morgan Stanley 237-029670 PE PREMR OAKTREE XI OFFSHR | AT COST | $788,934 | $788,934 |
| Morgan Stanley 237-029670 - Main ETF | FMV | $794,500 | $794,500 |
| Morgan Stanley 237-029670 - PE PREMIER BLKSTONE SP IX CPV | FMV | $55,700 | $55,700 |
| Morgan Stanley 237-029670 - PE PREMIER BLKSTONE SPVIII CPV | FMV | $120,948 | $120,948 |
| Morgan Stanley 237-029670 - PE PREMIER BLKSTONE SP IX | FMV | $147,008 | $147,008 |
| Morgan Stanley 237-029670 - PE PREMIER BLKSTONE SPV III | FMV | $1,335,796 | $1,335,796 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (6 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt |
|---|---|---|---|
| Office Furniture | $706 | $706 | $0 |
| Office Furniture-Chest | $170 | $170 | $0 |
| Conference Table & Chairs | $1,189 | $1,189 | $0 |
| Office Filing Cabinets | $1,337 | $1,337 | $0 |
| Office Software | $11,000 | $11,000 | $0 |
| OFFICE EQUIPMENT | $880 | $88 | $792 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| ACCRUED DIVIDENDS AND INTEREST ON INVESTMENTS | $162,024 | $157,659 | $157,659 |
| SECURITY SALES PROCEEDS RECEIVABLE | $234,352 | $38,885 | $38,885 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Unrealized Net Capital Loss on Investments | Desc |
| Amt | $19,838,734 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Insurance | $10,844 | $0 | $9,326 |
| Bank Charges | $30 | $0 | $0 |
| Office Supplies/Expenses | $17,747 | $0 | $0 |
| Telephone | $1,217 | $0 | $0 |
| Dues & Subscriptions | $16,975 | $0 | $16,975 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| CAPITAL GAIN DISTRIBUTION | $238,291 | $238,291 | $238,291 |
| OTHER INCOME | $1,558 | $1,558 | $1,558 |
| TAX REFUNDS | $131 | $131 | $131 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| Security Purchases Payable | $169,111 | $19,922 |
| EXCISE TAX PAYABLE | $123,663 | $0 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment Advisory Fees | CategoryTxt |
| Amt | $664,414 | Amt |
| Net Investment Income | $664,414 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Reduction Explanation Statement ReductionExplanationStatement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Short Explanation | The following information is submitted in support of the reduction from fair market value (FMV) claimed on line 1e of Part X under the authority of IRC Sec. 4942(e)(2)(B) and Reg. 53.4942(a)-2(c)(4): 1. Securities description: 10,343 units Alkeon Growth Offshore Fund - $3,732,671 92 units Blackgold Opportunity Offshore Fund - $279,817 1,030 units Millennium International HedgeFocus Fund - $2,435,847 2. Foundation's ownership in each fund: less than 3% 3. Total FMV of the securities prior to the valuation discount: $6,448,335. 4. Amount of discount claimed: 10%, $644,834. 5. Discount justification: The Foundation's investment in the above funds are subject to certain redemption restrictions, which may result in the Foundation not receiving sales proceeds for in excess of 6 months. A 10% discount to the value of these funds has therefore been included to reflect their lack of liquidity. | ShortExplanationTxt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| State Filing Fees | $50 | $0 | $0 |
| Foreign Tax Withheld | $33,312 | $33,312 | $0 |
| Payroll Taxes | $12,385 | $957 | $10,673 |
| Excise Taxes | $36,219 | $0 | $0 |