IAC CHARITABLE FOUNDATION INC: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- IAC CHARITABLE FOUNDATION INC (EIN 13-3994361)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-06-29
- IRS object ID
- 202301809349100900
- 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
- Accounting Fees Schedule
- Depreciation Schedule
- General Explanation Attachment
- Investments Corp Stock Schedule
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-06-29T11:00:31-05:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PricewaterhouseCoopers LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 300 Madison Avenue | AddressLine1Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10017 | 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 | 133994361 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | IAC CHARITABLE FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % ERIC DEGRAW | InCareOfNm |
| Business Name Control | IACC | BusinessNameControlTxt |
| Phone | 2123147230 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 555 W 18TH STREET | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100112822 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ERIC DEGRAW | PersonNm |
| Person Title | VICE PRESIDENT, TAX | PersonTitleTxt |
| Phone | 2123147230 | PhoneNum |
| Signature | 2023-06-29 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | ERIC | PersonFirstNm |
| Person Last | DEGRAW | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MEREDITH MONROE | PreparerPersonNm |
| PTIN | P01441362 | PTIN |
| Phone | 6464713000 | PhoneNum |
| Preparation | 2023-06-27 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| 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 | $20,345,705 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $0 | InterestOnSavRevAndExpnssAmt |
| Dividends Rev And Expnss | $851,527 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $851,527 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$1,164,434 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $12,821,526 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | -$312,907 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $851,527 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $52,192 | CompOfcrDirTrstRevAndExpnssAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $34,860 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $0 | OthEmplSlrsWgsAdjNetIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $70,097 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $94,967 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $94,967 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $25,000 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $25,000 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $74,591 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $61,199 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $13,392 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $23,999 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $62,853 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $63,603 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $368,462 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $61,199 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $267,059 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $908,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $942,700 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,276,962 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $61,199 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,209,759 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$1,589,869 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $790,328 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $711,018 | CashBOYAmt |
| Cash EOY | $1,017,413 | CashEOYAmt |
| Cash EOYFMV | $1,017,413 | CashEOYFMVAmt |
| Acct Rcvbl | $537 | AcctRcvblAmt |
| Acct Rcvbl BOY | $0 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $537 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $537 | AcctRcvblEOYFMVAmt |
| Corporate Stock BOY | $24,244,364 | CorporateStockBOYAmt |
| Corporate Stock EOY | $19,327,755 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $19,327,755 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $24,955,382 | TotalAssetsBOYAmt |
| Total Assets EOY | $20,345,705 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $20,345,705 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $117,194 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $99,199 | AccountsPayableEOYAmt |
| Total Liabilities BOY | $117,194 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $99,199 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $24,838,188 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $20,246,506 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $24,838,188 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $20,246,506 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $24,955,382 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $20,345,705 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $24,838,188 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$1,589,869 | ExcessRevenueOverExpensesAmt |
| Subtotal | $23,248,319 | SubtotalAmt |
| Other Decreases | $3,001,813 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $20,246,506 | 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 | $12,821,526 | GrossSalesPriceAmt |
| Cost Or Other Basis | $13,985,960 | CostOrOtherBasisAmt |
| Gain Or Loss | -$1,164,434 | GainOrLossAmt |
| Gains Minus Excess Or Losses | -$1,164,434 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$1,164,434 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $10,986 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $10,986 | SubtotalAmt |
| Tax Based On Investment Income | $10,986 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $15,000 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $15,000 | TotalPaymentsAndCreditsAmt |
| Overpayment | $4,014 | OverpaymentAmt |
| Applied To ES Tax | $4,014 | 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 | Yes (true) | 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 | NY | 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 |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERIC DEGRAW | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2123147230 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 555 W 18TH ST | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100112822 | 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 | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (11 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 |
|---|---|---|---|---|---|---|---|---|
| JOANNE HAWKINS | ||||||||
| 555 W 18TH STREET | NEW YORK | NY | 100112822 | DIR, VP & ASST SECRETARY | 0.0 | $0 | $0 | $0 |
| TANYA STANICH | ||||||||
| 555 W 18TH STREET | NEW YORK | NY | 100112822 | DIR, VP & ASST SECRETARY | 0.5 | $0 | $0 | $0 |
| JOEY LEVIN | ||||||||
| 555 W 18TH STREET | NEW YORK | NY | 100112822 | PRESIDENT | 0.0 | $0 | $0 | $0 |
| NICK STOUMPAS | ||||||||
| 555 W 18TH STREET | NEW YORK | NY | 100112822 | VICE PRESIDENT &ASST TREASURER | 0.0 | $0 | $0 | $0 |
| SUZANNE KENNEDY | ||||||||
| 555 W 18TH STREET | NEW YORK | NY | 100112822 | VP PHILANTHROPIC GIVING | 10.0 | $52,192 | $0 | $0 |
| ERIC DEGRAW | ||||||||
| 555 W 18TH STREET | NEW YORK | NY | 100112822 | VICE PRESIDENT, TAX | 1.0 | $0 | $0 | $0 |
| DAVID FLYNN | ||||||||
| 555 W 18TH STREET | NEW YORK | NY | 100112822 | VICE PRESIDENT, TAX | 0.0 | $0 | $0 | $0 |
| ANASTASIA K VON WALKENBERG | ||||||||
| 555 W 18TH STREET | NEW YORK | NY | 100112822 | VP & ASST SECRETARY | 0.0 | $0 | $0 | $0 |
| Michael H Schwerdtman | ||||||||
| 555 W 18TH STREET | NEW YORK | NY | 100112822 | VP & ASST TREASURER | 0.0 | $0 | $0 | $0 |
| CHRISTOPHER HALPIN | ||||||||
| 555 W 18TH STREET | NEW YORK | NY | 100112822 | DIR, VP & TREASURER | 0.0 | $0 | $0 | $0 |
| KENDALL HANDLER | ||||||||
| 555 W 18TH STREET | NEW YORK | NY | 100112822 | VP AND SECRETARY | 0.0 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| SIMPSON THACHER & BARTLETT LLP | |||||
| 425 LEXINGTON AVENUE | NEW YORK | NY | 10017 | LEGAL SERVICES | $91,973 |
| CAPITAL STRATEGIES INVESTMENT GROUP LLC | |||||
| ONE PARKVIEW PLAZA STE 620 | OAKBROOK TERRACE | IL | 60801 | INVEST ADVISORY SRVS | $61,199 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | SEE GENERAL EXPLANATION | Description1Txt |
| Expenses1 | $255,989 | Expenses1Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $21,301,297 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $700,248 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $22,001,545 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $22,001,545 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $330,023 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $21,671,522 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,083,576 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,083,576 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $10,986 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $10,986 | TotalTaxAmt |
| Distributable Before Adj | $1,072,590 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $1,072,590 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,072,590 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,209,759 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $1,209,759 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,072,590 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $492,635 | UndistributedIncomePYAmt |
| Prior Year1 | 2020 | PriorYear1Yr |
| Prior Year2 | 2019 | PriorYear2Yr |
| Prior Year3 | 2018 | PriorYear3Yr |
| Excess Distribution Cyov Yr1 | $0 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,209,759 | QualifyingDistributionsAmt |
| Applied To Year1 | $492,635 | AppliedToYear1Amt |
| Applied To Current Year | $717,124 | 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 |
| Undistributed Income CY | $355,466 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $0 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | IAC FOUNDATION SCHOLARSHIP | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 555 W 18TH STREET | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100112822 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Email Address | addison.rothrock@iac.com | RecipientEmailAddressTxt |
| Form And Info And Materials | APPLICATION INFORMATION CAN BE FOUND ON THE WEBSITE: https://www.iac.com/foundation | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | APPLICATION INFORMATION CAN BE FOUND ON THE WEBSITE: https://www.iac.com/foundation | SubmissionDeadlinesTxt |
| Restrictions On Awards | APPLICANTS MUST HAVE A DEMONSTRABLE NEED FOR FINANCIAL ASSISTANCE, WHETHER THEIR HOUSEHOLD INCOME FALLS BELOW THE DESIGNATED NATIONAL POVERTY LEVEL, OR THEIR CULTURAL OR FAMILY BACKGROUND HAS PLACED THEM AT AN EDUCATIONAL DISADVANTAGE. ELIGIBILITY WILL BE ASSESSED INDIVIDUALLY BASED ON THE COMPOSITION AND INCOME OF A STUDENT'S FAMILY. APPLICANTS MUST BE FEDERAL PELL GRANT-ELIGIBLE STUDENTS AS INDICATED ON THEIR FAFSA STUDENT AID REPORT (SAR). FOLLOWING AWARD NOTIFICATION, STUDENTS WILL BE REQUIRED TO PROVIDE A COPY OF THEIR ELIGIBILITY LETTER. APPLICANTS MUST DEMONSTRATE A RECORD OF ACADEMIC SUCCESS. APPLICANTS MUST BE STUDENTS ENROLLED OR PLANNING TO ENROLL AT AN ACCREDITED COLLEGE OR UNIVERSITY, RANGING FROM RISING COLLEGE FRESHMEN TO FIRST YEAR PHD STUDENTS. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (78 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|
| Fort Greene Soccer Club Inc | ||||||||
| Adelphi Street | Brooklyn | NY | 11205 | NONE | PC | Education and Human Services | $8,000 | |
| The Rape Foundation | ||||||||
| 1223 Wilshire Blvd No 410 | Santa Monica | CA | 90403 | NONE | PC | Educational Outreach Programs | $5,000 | |
| The Carnegie Hall Corporation | ||||||||
| 881 SEVENTH AVENUE | NEW YORK | NY | 10019 | NONE | PC | Education in support of their educational initiatives | $30,000 | |
| NJ LEEP Inc | ||||||||
| 12 LOMBARDY STREET SUITE 303 | Newark | NJ | 07102 | NONE | PC | Educational Outreach Programs | $10,000 | |
| New York City Partnership Foundation | ||||||||
| 1 BATTERY PARK PLAZA | NEW YORK | NY | 10004 | NONE | PC | Grant for Human Services | $12,500 | |
| Reporters Committee for Freedom of Press | ||||||||
| 1156 15TH STREET NW NO 1020 | WASHINGTON | DC | 20005 | NONE | PC | Educational (Fellowship Program) | $15,000 | |
| Harlem Children's Zone Inc | ||||||||
| 35 EAST 125TH STREET | NEW YORK | NY | 10035 | NONE | PC | Education and Human Services | $25,000 | FL00R 5 |
| Project Rousseau Inc | ||||||||
| 1345 AVENUE OF THE AMERICAS | NEW YORK | NY | 10105 | NONE | PC | Education and Human Services | $15,000 | |
| Hudson River Community Sailing Inc | ||||||||
| PO BOX 20677 | NEW YORK | NY | 10011 | NONE | PC | Education and Youth Development | $10,000 | |
| Hudson Guild | ||||||||
| 441 West 26th Street | NEW YORK | NY | 10001 | NONE | PC | Education and Human Services | $15,000 | 33RD FL |
| The Juilliard School | ||||||||
| 60 Lincoln Center Pl | New York City | NY | 10023 | NONE | PC | Education | $50,000 | |
| Thread Inc | ||||||||
| PO Box 1584 | Baltimore | MD | 21203 | NONE | PC | Education and Human Services | $8,000 | |
| FRIENDS OF HUDSON RIVER PARK INC | ||||||||
| 305 7TH AVENUE | NEW YORK | NY | 10001 | NONE | PC | Education (Includes program) | $35,000 | |
| The Apollo Theater Foundation Inc | ||||||||
| 253 W 125th St | New York City | NY | 10027 | NONE | PC | Education (Apollo Theater Academy Fellowship) | $25,000 | |
| New York Shakespeare FestivalPublic Theater | ||||||||
| 425 LAFAYETTE STREET | NEW YORK | NY | 10003 | NONE | PC | Education (Public Works program) | $20,000 | 12TH FLOOR |
| Pace University | ||||||||
| ONE PACE PLAZA | NEW YORK | NY | 100381598 | NONE | PC | Education in support of their Immediate Impact Scholarship in honor of Anjali Sud being honored at their gala | $25,000 | |
| National Resources Defense Council NRDC | ||||||||
| 40 West 20th Street | NEW YORK | NY | 10011 | NONE | PC | Support their Environment, Equity, and Justice Center (Human Services and Community Outreach) | $25,000 | |
| Leadership for a Diverse America LEDA | ||||||||
| 315 WEST 39TH ST | NEW YORK | NY | 10018 | NONE | PC | Education | $15,000 | |
| Haleakala Inc aka The Kitchen | ||||||||
| 512 WEST 19TH STREET | NEW YORK | NY | 100112807 | NONE | PC | Arts | $8,000 | |
| American Jewish Committee | ||||||||
| 165 East 56th St | NEW YORK | NY | 10022 | NONE | PC | Education and Human Services | $5,000 | SUITE 607 |
| American Cinematheque | ||||||||
| 1604 N Cahuenga Blvd A | Los Angeles | CA | 90028 | NONE | PC | Arts | $20,000 | |
| Clooney Foundation for Justice | ||||||||
| 4768 Broadway 947 | NEW YORK | NY | 10034 | NONE | PC | Supporting CFJ staff and fellows | $50,000 | |
| The Teak Fellowship | ||||||||
| 16 West 22nd Street | NEW YORK | NY | 10010 | NONE | PC | Education | $25,000 | |
| Concrete Rose Community Foundation | ||||||||
| 1 Campo Bello Lane | Menlo Park | CA | 94025 | NONE | PC | Education and Human Services | $5,000 | |
| FDNY Foundation Inc | ||||||||
| 9 Metrotech Center | BROOKLYN | NY | 11201 | NONE | PC | Human Services | $12,500 | 3rd Floor |
| St Benedict's Preparatory School | ||||||||
| 520 Dr Martin Luther King Jr Blv | Newark | NJ | 07102 | NONE | PC | Education and Youth Development | $20,000 | |
| Breakthrough New York Inc | ||||||||
| 39 Broadway Suite 820 | NEW YORK | NY | 10006 | NONE | PC | Education and Youth Development | $20,000 | |
| Project Rousseau Inc | ||||||||
| 1345 Avenue of the Americas | NEW YORK | NY | 10105 | NONE | PC | Education and Youth Development | $20,000 | |
| Rutgers University Foundation | ||||||||
| 335 George Street | New Brunswick | NJ | 08901 | NONE | PC | Youth Development | $10,000 | |
| America Needs You | ||||||||
| 82 Nassau Street 60358 | NEW YORK | NY | 10038 | NONE | PC | Education and Youth Development (a new partner) | $15,000 | 33rd Floor |
| New Alternatives for Children Inc | ||||||||
| 37 West 26th St | NEW YORK | NY | 10010 | NONE | PC | Human Services | $10,000 | |
| New Yorkers for Parks | ||||||||
| 55 Broad Street | NEW YORK | NY | 10004 | NONE | PC | Support of NYC public parks | $10,000 | |
| Hudson Guild | ||||||||
| 441 W 26th Street | NEW YORK | NY | 10001 | NONE | PC | Emergency Relief | $30,000 | 6th Floor |
| Ali Forney Center | ||||||||
| 224 West 35th St | NEW YORK | NY | 10001 | NONE | PC | Homeless Youth | $27,000 | 11th Floor |
| Church of the Holy Apostles Soup Kitchen | ||||||||
| 296 9th Avenue | NEW YORK | NY | 10001 | NONE | PC | Holiday Toy Drive | $15,000 | |
| Sacred Ways Foundation LTD | ||||||||
| 24 Connelly Dr | Staatsburg | NY | 12580 | NONE | PC | Restore Indigenous Culture | $10,000 | Ste 1500 |
| City University of New York- Senior Colleges | ||||||||
| 230 W 41ST ST 7TH FL | NEW YORK | NY | 100367207 | NONE | I | Scholarship Nadia Sultana | $10,000 | |
| Di'Anna Bonomolo | ||||||||
| C/O Smith College | NORTHAMPTON | MA | 01063 | NONE | I | Scholarship | $10,000 | 15 ELM STREET |
| Mariom Nusrat | ||||||||
| C/O Cornell University | Ithaca | NY | 14851 | NONE | I | Scholarship | $10,000 | PO BOX 752 |
| Naw Wah Na Mu | ||||||||
| C/O Vanderbilt University | Nashville | TN | 37235 | NONE | I | Scholarship | $10,000 | 2201 West End Ave |
| LAURA OCEANNA POMA | ||||||||
| C/O Duke University | DURHAM | NC | 27708 | NONE | I | Scholarship | $10,000 | PO BOX 90397 |
| FATIMA AHMAD | ||||||||
| C/O COLUMBIA UNIVERSITY | NEW YORK | NY | 10027 | NONE | I | Scholarship | $10,000 | 1130 Amsterdam Ave |
| MOSAB MAISRA HAMID | ||||||||
| C/O Wesleyan University | MIDDLETOWN | CT | 06459 | NONE | I | Scholarship | $10,000 | 45 Wyllys Ave |
| MICHELLE YE | ||||||||
| C/O Baruch College | NEW YORK | NY | 10010 | NONE | I | Scholarship | $10,000 | 55 LEXINGTON AVE |
| HEATHER HUANG | ||||||||
| C/O Georgetown University | Washington | DC | 20057 | NONE | I | Scholarship | $10,000 | 3700 O St NW |
| Ahmad Khalil | ||||||||
| C/O COLUMBIA UNIVERSITY | NEW YORK | NY | 10027 | NONE | I | Scholarship | $10,000 | 1130 Amsterdam Ave |
| UNIVERSITY OF OREGON | ||||||||
| 1585 E 13th Ave | Eugene | OR | 97403 | NONE | I | Scholarship-Cheraye Arcoren | $10,000 | |
| Vianny Lara | ||||||||
| C/O Cornell University | Ithaca | NY | 14851 | NONE | I | Scholarship | $10,000 | PO BOX 752 |
| Supriya Sarker | ||||||||
| C/O St Francis College | Brooklyn | NY | 11201 | NONE | I | Scholarship | $10,000 | 179 Livingston St |
| Sofia Diaz-Rodriguez | ||||||||
| C/O Harvard University | CAMBRIDGE | MA | 02138 | NONE | I | Scholarship | $10,000 | 1350 MASSACHUSETTS AVE |
| Seun Eisape | ||||||||
| C/O Haverford College | Haverford | PA | 19041 | NONE | I | Scholarship | $10,000 | 370 Lancaster Ave |
| Sadaf Khan | ||||||||
| C/O Harvard College | CAMBRIDGE | MA | 02138 | NONE | I | Scholarship | $10,000 | 1350 MASSACHUSETTS AVE |
| Nathalie Rodriguez | ||||||||
| C/O COLUMBIA UNIVERSITY | NEW YORK | NY | 10027 | NONE | I | Scholarship | $10,000 | 1130 AMSTERDAM AVE |
| HADJA MAIMOUNA SOW | ||||||||
| C/O Stanford University | Stanford | CA | 94305 | NONE | I | Scholarship | $10,000 | 355 GALVEZ STREET |
| MARIA DE LOS SANTOS | ||||||||
| C/O HARVARD UNIVERSITY | CAMBRIDGE | MA | 02138 | NONE | I | Scholarship | $5,000 | 1350 MASSACHUSETTS AVE |
| AMHERST COLLEGE FUND | ||||||||
| PO BOX 5000 | AMHERST | MA | 01002 | NONE | I | SCHOLARSHIP - KIMBERLY AGOSTO | $2,200 | |
| ANGELA OSEI-AMPADU | ||||||||
| C/O Brown University | PROVIDENCE | RI | 02912 | NONE | I | Scholarship | $5,000 | 69 BROWN STREET |
| AUSTINSON COOKE | ||||||||
| C/O York College | JAMAICA | NY | 11451 | NONE | I | Scholarship | $5,000 | 94-20 GUY R BREWER BLVD |
| CITY UNIVERSITY OF NEW YORK - MEDGAR EVERS COLLEGE | ||||||||
| 1637 Bedford Avenue | BROOKLYN | NY | 11225 | NONE | I | SCHOLARSHIP-ALLON AHMED | $5,000 | |
| ELIZETTE LAKOUETENE | ||||||||
| C/O Hunter College | new york | NY | 10065 | NONE | I | Scholarship | $5,000 | 695 PARK AVENUE |
| HADJA MAIMOUNA SOW | ||||||||
| C/O Stanford University | Stanford | CA | 94305 | NONE | I | Scholarship | $2,500 | 355 GALVEZ STREET |
| HOORIYA ALI | ||||||||
| C/O John Jay College of Criminal Ju | NEW YORK | NY | 10019 | NONE | I | Scholarship | $5,000 | 524 W 59TH ST |
| ITHACA COLLEGE | ||||||||
| 953 DANBY ROAD | ITHACA | NY | 14850 | NONE | I | SCHOLARSHIP-NUSIRAT OLUMEGBON | $5,000 | |
| KIMBERLY AGOSTO | ||||||||
| C/O Amherst College | AMHERST | MA | 01002 | NONE | I | Scholarship | $2,800 | PO BOX 5000 |
| LAFAYETTE COLLEGE | ||||||||
| FINANCIAL AID OFFICE | EASTON | PA | 18042 | NONE | I | SCHOLARSHIP-DAMARIS GOMEZ | $5,000 | 730 HIGH ST |
| NEW YORK UNIVERSITY | ||||||||
| 105 E 17TH STREET | NEW YORK | NY | 100039580 | NONE | I | SCHOLARSHIP-CRYSTAL HENRIQUEZ ALCAN | $5,000 | 2ND FLOOR |
| PRESIDENT AND FELLOWS OF HARVARD COLLEGE | ||||||||
| 801 SMITH CAMPUS CENTER 1350 MASSA | Cambridge | MA | 02138 | NONE | I | Scholarship-MAHAB SHIHA | $1,000 | HARVARD UNIVERSITY STUDENT ACCOUNTS |
| PRESIDENT AND FELLOWS OF HARVARD COLLEGE | ||||||||
| 801 SMITH CAMPUS CENTER 1350 MASSA | Cambridge | MA | 02138 | NONE | I | Scholarship-DENNIS LIN | $1,000 | HARVARD UNIVERSITY STUDENT ACCOUNTS |
| PRESIDENT AND FELLOWS OF MIDDLEBURY COLLEGE | ||||||||
| 14 Old Chapel Rd | Middlebury | VT | 05753 | NONE | I | SCHOLARSHIP-DARLENY MENDOZA | $5,000 | PO Box 4087 |
| RENSSELAER POLYTECHNIC INSTITUTE | ||||||||
| 110 8TH ST | TROY | NY | 12180 | NONE | I | SCHOLARSHIP-BJOUM ETIENNE | $5,000 | |
| TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NY | ||||||||
| 1130 AMSTERDAM AVE | NEW YORK | NY | 10027 | NONE | I | SCHOLARSHIP-AKOSUA AGYEMANG | $2,400 | HAMILTON HALL |
| THE TRUSTEES OF MOUNT HOLYOKE COLLEGE | ||||||||
| 16 Skinner Hall Mount Holyoke Coll | South Hadley | MA | 01075 | NONE | I | SCHOLARSHIP-ERYN GAUTIER | $5,000 | 50 COLLEGE STREET |
| THE TRUSTEES OF THE SMITH COLLEGE | ||||||||
| 10 Elm Street | Northampton | MA | 01063 | NONE | I | SCHOLARSHIP-TIDA DUKURAY | $5,000 | |
| THE TRUSTEES OF THE SMITH COLLEGE | ||||||||
| 10 Elm Street | Northampton | MA | 01063 | NONE | I | SCHOLARSHIP-DIANNA BONOMOLO | $5,000 | |
| UMMAY MAZUMDER | ||||||||
| C/O Cornell University | Ithaca | NY | 14851 | NONE | I | Scholarship | $2,300 | PO BOX 752 |
| VASSAR COLLEGE | ||||||||
| 124 Raymond Avenue | Poughkeepsie | NY | 126040008 | NONE | I | SCHOLARSHIP-HAHID MAHMUD | $5,000 | Box 8 |
| LOREN DE LA CRUZ | ||||||||
| C/O Washington University | SAINT LOUIS | MO | 63130 | I | scholarship | $2,500 | CAMPUS BOX 1082 | |
| ARIZONA STATE UNIVERSITY | ||||||||
| PO BOX 2260 | TEMPE | AZ | 852802260 | PC | EDUCATION | $10,000 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $942,700 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (6 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | Address Line2RecipientUSAddress/AddressLine2Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|---|
| JAHNAY BRYAN | ||||||||
| C/O CORNELL UNIVERSITY | PO BOX 752 | ITHACA | NY | 14851 | NONE | I | SCHOLARSHIP | $10,000 |
| ELIZETTE LAKOUETENE | ||||||||
| C/O HUNTER COLLEGE | 695 PARK AVENUE | NEW YORK | NY | 10065 | NONE | I | SCHOLARSHIP | $10,000 |
| FRANKLIN & MARSHALL COLLEGE | ||||||||
| PO BOX 3003 | LANCASTER | PA | 176043003 | NONE | I | SCHOLARSHIP-ROBERTO MARTINEZ | $10,000 | |
| COURTNEY JENNIFER LI | ||||||||
| C/O YALE UNIVERSITY | PO BOX 208239 | NEW HAVEN | CT | 065208239 | NONE | I | SCHOLARSHIP | $10,000 |
| CORNELL UNIVERSITY | ||||||||
| PO BOX 752 | SCHOLARSHIP DIVISION | ITHACA | NY | 14851 | NONE | I | Scholarship-Brian Ruan | $10,000 |
| UNIVERSITY OF ALBANY | ||||||||
| 1400 Washington Ave | Albany | NY | 12222 | I | Scholarship-Angelica Gonzalez | $5,000 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $55,000 | TotalGrantOrContriApprvFutAmt |
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 |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $851,527 | 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 | -$1,164,434 | 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 | -$312,907 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | -$312,907 | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | PRICEWATERHOUSECOOPERS LLP | CategoryTxt |
| Amt | $25,000 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $25,000 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp (2 entries)
| IdentifierIdentifierTxt | Form And Line ReferenceFormAndLineReferenceDesc | Medium ExplanationMediumExplanationTxt |
|---|---|---|
| FORM 990PF, PART VII-A - SUMMARY OF DIRECT CHARITABLE ACTIVITIES | FORM 990PF, PART VII-A - SUMMARY OF DIRECT CHARITABLE ACTIVITIES | IAC Foundation began its scholarship program in 2021 to award scholarships to high-achieving, high-performing students from underserved and under-resourced communities. In 2022, IAC Foundation awarded grants to 24 individuals. |
| FORM 990PF, PART VIII - SUMMARY OF HOURS DEVOTED | FORM 990PF, PART VIII - SUMMARY OF HOURS DEVOTED | THE HOURS DEVOTED BY THE BOARD OF DIRECTORS AND OFFICERS ARE NOT TRACKED BY THE FOUNDATION. THE BOARD HELD REGULAR MEETINGS WITH RESPECT TO PLANNING AND OVERSIGHT OF THE ACTIVITIES OF THE FOUNDATION. |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | PUBLICLY TRADED SECURITIES | StockNm |
| EOY Book Value | $19,327,755 | EOYBookValueAmt |
| EOYFMV | $19,327,755 | EOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp (2 entries)
| CategoryCategoryTxt | Legal FeesLegalFeesAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| SIMPSON THACHER & BARTLETT | $91,973 | $0 | $0 | $91,973 |
| CT CORPORATION SYSTEM | $2,994 | $0 | $0 | $2,994 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NET UNREALIZED LOSS | Desc |
| Amt | $3,001,813 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| BANK SERVICE CHARGES | $2,017 | $0 | $0 | $2,017 |
| VENDOR EXPENSES-CHARITY EVENTS | $60,836 | $0 | $0 | $60,836 |
| FRANCHISE TAX FEES | $0 | $0 | $0 | $750 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| SCHOLARSHIP ADMINISTRATION | $10,989 | $0 | $0 | $10,989 |
| INVESTMENT FEES | $61,199 | $61,199 | $0 | $0 |
| SYSTEM LICENSE FEES | $2,403 | $0 | $0 | $2,403 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FEDERAL EXCISE TAX | CategoryTxt |
| Amt | $23,999 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |