DEFINE AND MUHTAR KENT EDUCATIONAL FOUNDATION: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- DEFINE AND MUHTAR KENT EDUCATIONAL FOUNDATION (EIN 45-2735138)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-09-06
- IRS object ID
- 202322499349100212
- 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
- Depreciation Schedule
- General Explanation Attachment
- Investments Corp Stock Schedule
- Legal Fees Schedule
- Other Expenses Schedule
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-09-06T15:55:58-05:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3333 New Hyde Park Rd Ste 406 | AddressLine1Txt |
| City | New Hyde Park | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11042 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 452735138 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Defne and Muhtar Kent Educational Foundation | BusinessNameLine1Txt |
| Business Name Line2 | Inc | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Foundation Source | InCareOfNm |
| Business Name Control | DEFN | BusinessNameControlTxt |
| Phone | 8008391754 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Foundation Source 501 Silverside Rd | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Muhtar Kent | PersonNm |
| Person Title | President | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2023-08-25 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Muhtar | PersonFirstNm |
| Person Last | Kent | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jeffrey D Haskell | PreparerPersonNm |
| PTIN | P01345770 | PTIN |
| Phone | 8008391754 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | TrustedCustomerGrp |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $24,474,875 | 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 | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $1,372 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $1,372 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $679,884 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $679,884 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $301,107 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,129,251 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $301,107 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $982,363 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $982,363 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $245 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $245 | LegalFeesDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $88,200 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $34,200 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $54,000 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $12,600 | TaxesRevAndExpnssAmt |
| Trav Conf Meeting Rev And Expnss | $626 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $626 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $62,390 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $30 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $62,360 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $164,061 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $34,230 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $117,231 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,010,295 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,010,295 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,174,356 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $34,230 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,127,526 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$191,993 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $948,133 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $887,629 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $624,049 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $624,049 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $19,682,119 | CorporateStockBOYAmt |
| Corporate Stock EOY | $19,818,036 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $23,850,826 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $20,569,748 | TotalAssetsBOYAmt |
| Total Assets EOY | $20,442,085 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $24,474,875 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $20,569,748 | RetainedEarningBOYAmt |
| Retained Earning EOY | $20,442,085 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $20,569,748 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $20,442,085 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $20,569,748 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $20,442,085 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $20,569,748 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$191,993 | ExcessRevenueOverExpensesAmt |
| Other Increases | $64,330 | OtherIncreasesAmt |
| Subtotal | $20,442,085 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $20,442,085 | 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 | $1,129,251 | GrossSalesPriceAmt |
| Cost Or Other Basis | $828,144 | CostOrOtherBasisAmt |
| Gain Or Loss | $301,107 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $301,107 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $301,107 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $13,179 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $13,179 | SubtotalAmt |
| Tax Based On Investment Income | $13,179 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $8,726 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $4,500 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $13,226 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $47 | OverpaymentAmt |
| Applied To ES Tax | $47 | 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 | Yes (true) | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8008391754 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 501 Silverside Road Suite 123 | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | 0 | 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 (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| Cem Omer Kent | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir | 1.0 | $0 | $0 | $0 |
| Defne Kent | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Sec, Treas | 1.0 | $0 | $0 | $0 |
| Muhtar Kent | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Pres, Dir | 1.0 | $0 | $0 | $0 |
| Selin Ipek Kent | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir | 1.0 | $0 | $0 | $0 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 55 Walls Drive 3rd Fl | AddressLine1Txt |
| City | Fairfield | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06824 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | Administrative | ServiceTypeTxt |
| Compensation | $60,518 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp | |
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $23,926,365 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $846,020 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $24,772,385 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $24,772,385 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $371,586 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $24,400,799 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,220,040 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,220,040 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $13,179 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $13,179 | TotalTaxAmt |
| Distributable Before Adj | $1,206,861 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $1,206,861 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,206,861 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,127,526 | 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 | $1,127,526 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,206,861 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $1,115,727 | UndistributedIncomePYAmt |
| Prior Year1 | 2020 | PriorYear1Yr |
| Prior Year2 | 2019 | PriorYear2Yr |
| Prior Year3 | 2018 | PriorYear3Yr |
| Qualifying Distributions | $1,127,526 | QualifyingDistributionsAmt |
| Applied To Year1 | $1,115,727 | AppliedToYear1Amt |
| Applied To Current Year | $11,799 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Undistributed Income CY | $1,195,062 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Defne Kent | ContributingManagerNm |
| Contributing Manager | Muhtar Kent | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (41 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | Address Line2RecipientUSAddress/AddressLine2Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line1RecipientForeignAddress/AddressLine1Txt | CityRecipientForeignAddress/CityNm | Province Or StateRecipientForeignAddress/ProvinceOrStateNm | CountryRecipientForeignAddress/CountryCd | Foreign PostalRecipientForeignAddress/ForeignPostalCd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Y YILMAZ | |||||||||||||
| BERKLEE COLLEGE OF MUSIC INC | 1140 BOYLSTON ST | BOSTON | MA | 02215 | N/A | I | Scholarship grant | $24,000 | |||||
| S KESAF | |||||||||||||
| BROWN UNIVERSITY | GIFT CASHIER BOX 1877 | PROVIDENCE | RI | 02912 | N/A | I | Scholarship grant | $10,000 | |||||
| E SECILMIS | |||||||||||||
| BROWN UNIVERSITY | GIFT CASHIER BOX 1877 | PROVIDENCE | RI | 02912 | N/A | I | Scholarship grant | $30,000 | |||||
| B TAYYAR | |||||||||||||
| CLAREMONT MCKENNA COLLEGE | 400 N CLAREMONT BLVD | CLAREMONT | CA | 91711 | N/A | I | Scholarship grant | $3,100 | |||||
| P GUZELOCAK | |||||||||||||
| CORNELL UNIVERSITY | PO BOX 752 | ITHACA | NY | 14851 | N/A | I | Scholarship grant | $20,000 | |||||
| D LAL ALTAYLAR | |||||||||||||
| DREXEL UNIVERSITY | 3141 CHESTNUT ST | PHILADELPHIA | PA | 19104 | N/A | I | Scholarship Grant | $15,000 | |||||
| M OZBAY | |||||||||||||
| EMORY UNIVERSITY 200 DOWMAN DR STE | 101 B JONES CENTER | ATLANTA | GA | 30322 | N/A | I | Scholarship Grant | $15,000 | |||||
| T ERGAN | |||||||||||||
| GEORGIA INSTITUTE OF TECHNOLOGY | 225 NORTH AVE NW | ATLANTA | GA | 30332 | N/A | I | Scholarship grant | $10,000 | |||||
| D ONALIR | |||||||||||||
| GEORGIA INSTITUTE OF TECHNOLOGY | 225 NORTH AVE NW | ATLANTA | GA | 30332 | N/A | I | Scholarship grant | $10,000 | |||||
| B UTEBAY | |||||||||||||
| GEORGIA INSTITUTE OF TECHNOLOGY | 225 NORTH AVE NW | ATLANTA | GA | 30332 | N/A | I | Scholarship grant | $30,000 | |||||
| M E YURTSEVEN | |||||||||||||
| GEORGIA INSTITUTE OF TECHNOLOGY | 225 NORTH AVE NW | ATLANTA | GA | 30332 | N/A | I | Scholarship grant | $25,000 | |||||
| Y A ELMAS | |||||||||||||
| N/A | I | Scholarship grant | $10,000 | UNI OF TORONTO 21 KINGS COLLEGE CIR | TORONTO | ONTARIO | CA | M5S 3J3 | |||||
| M E TIRYAKI | |||||||||||||
| JOHNS HOPKINS UNIVERSITY | 3400 N CHARLES ST 146 GARLAND HALL | BALTIMORE | MD | 21218 | N/A | I | Scholarship grant | $10,000 | |||||
| N A BASCIFTCI | |||||||||||||
| LAFAYETTE COLLEGE | 730 HIGH ST 307 MARKEL HALL | EASTON | PA | 18042 | N/A | I | Scholarship grant | $30,000 | |||||
| U KAYGISIZ | |||||||||||||
| MICHIGAN STATE UNIVERSITY | 556 E CIR DR RM 252 | EAST LANSING | MI | 48824 | N/A | I | Scholarship Grant | $30,000 | |||||
| B DEMIRCI | |||||||||||||
| MICHIGAN STATE UNIVERSITY | 556 E CIR DR RM 252 | EAST LANSING | MI | 48824 | N/A | I | Scholarship Grant | $30,000 | |||||
| D KARALAR | |||||||||||||
| MICHIGAN STATE UNIVERSITY | 556 E CIR DR RM 252 | EAST LANSING | MI | 48824 | N/A | I | Scholarship Grant | $30,000 | |||||
| M E CAYLAN | |||||||||||||
| MICHIGAN STATE UNIVERSITY | 556 E CIR DR RM 252 | EAST LANSING | MI | 48824 | N/A | I | Scholarship Grant | $30,000 | |||||
| B MANTI | |||||||||||||
| MICHIGAN STATE UNIVERSITY | 556 E CIR DR RM 252 | EAST LANSING | MI | 48824 | N/A | I | Scholarship Grant | $30,000 | |||||
| A UYSAL | |||||||||||||
| NEW YORK UNIVERSITY | 25 W 4TH ST 4TH FL | NEW YORK | NY | 10012 | N/A | I | Scholarship grant | $10,000 | |||||
| Y CINAR | |||||||||||||
| NORTHWESTERN UNIVERSITY | 1201 DAVIS ST 3RD FLOOR | EVANSTON | IL | 60208 | N/A | I | Scholarship grant | $30,000 | |||||
| E SENVARDARLI | |||||||||||||
| NORTHWESTERN UNIVERSITY | 1201 DAVIS ST 3RD FLOOR | EVANSTON | IL | 60208 | N/A | I | Scholarship grant | $5,000 | |||||
| O S PAMUKCU | |||||||||||||
| OBERLIN COLLEGE | 173 WEST LORAIN ST SUITE 205 | OBERLIN | OH | 44074 | N/A | I | Scholarship grant | $25,000 | |||||
| A E KARALAR | |||||||||||||
| PENN STATE UNIV 2583 GATEWAY DR ST | 130 BRISTOL PL ONE | STATE COLLEGE | PA | 16801 | N/A | I | Scholarship grant | $30,000 | |||||
| I U AYYILMAZ | |||||||||||||
| POMONA COLLEGE | 150 E 8TH ST | CLAREMONT | CA | 91711 | N/A | I | Scholarship grant | $1,800 | |||||
| A EREFE | |||||||||||||
| PRESIDENT TRUSTEES OF COLBY COLLE | 173 MAIN ST STE 201 | WATERVILLE | ME | 04901 | N/A | I | Scholarship grant | $20,000 | |||||
| A U GULER | |||||||||||||
| PURDUE UNIVERSITY | 610 PURDUE MALL | WEST LAFAYETTE | IN | 47907 | N/A | I | Scholarship grant | $30,000 | |||||
| N KAYIN | |||||||||||||
| REGENTS OF UNIV OF CALI AT BERKELEY | 201 SPROUL HALL 1960 | BERKELEY | CA | 94720 | N/A | I | Scholarship grant | $5,000 | |||||
| S D KURTOGLU | |||||||||||||
| REGENTS OF UNIV OF CALI AT BERKELEY | 201 SPROUL HALL 1960 | BERKELEY | CA | 94720 | N/A | I | Scholarship grant | $10,000 | |||||
| F O ARDIC | |||||||||||||
| REGENTS UNIV OF CALIFORNIA LOS ANGE | BOX 957089 1125 MURPHY HALL 405 HIL | LOS ANGELES | CA | 90095 | N/A | I | Scholarship grant | $30,000 | |||||
| SCHWAB CHARITABLE FUND | |||||||||||||
| 211 MAIN ST | SAN FRANCISCO | CA | 94105 | N/A | PC | General Purpose (See General Explanation) | $238,395 | ||||||
| Y TUR | |||||||||||||
| STANFORD UNIVERSITY | 326 GALVEZ ST | STANFORD | CA | 94305 | N/A | I | Scholarship Grant | $30,000 | |||||
| G INCESU | |||||||||||||
| STANFORD UNIVERSITY | 326 GALVEZ ST | STANFORD | CA | 94305 | N/A | I | Scholarship Grant | $25,000 | |||||
| L D PEMBECIOGLU | |||||||||||||
| TRUSTEES OF COLUMBIA UNIVERSITY | 516 W 168TH ST FL 3 | NEW YORK | NY | 10032 | N/A | I | Scholarship grant | $10,000 | |||||
| M E ISIKTAS | |||||||||||||
| TRUSTEES OF COLUMBIA UNIVERSITY | 516 W 168TH ST FL 3 | NEW YORK | NY | 10032 | N/A | I | Scholarship grant | $25,000 | |||||
| A ONDER | |||||||||||||
| TRUSTEES OF PRINCETON UNIVERSITY | 701 CARNEGIE CENTER STE 445 | PRINCETON | NJ | 08540 | N/A | I | Scholarship grant | $1,250 | |||||
| A ONDER | |||||||||||||
| TRUSTEES OF PRINCETON UNIVERSITY | 701 CARNEGIE CENTER STE 445 | PRINCETON | NJ | 08540 | N/A | I | Scholarship grant | $1,750 | |||||
| H Y DEVRE | |||||||||||||
| TRUSTEES OF PRINCETON UNIVERSITY | 701 CARNEGIE CENTER STE 445 | PRINCETON | NJ | 08540 | N/A | I | Scholarship grant | $30,000 | |||||
| C BIRSEN | |||||||||||||
| TRUSTEES OF TUFTS COLLEGE | 80 GEORGE ST | MEDFORD | MA | 02155 | N/A | I | Scholarship grant | $20,000 | |||||
| M OZER | |||||||||||||
| UNIVERSITY OF CALIFORNIA SAN DIEGO | 9500 GILMAN DR 0026 | LA JOLLA | CA | 92093 | N/A | I | Scholarship Grant | $30,000 | |||||
| B UCAR | |||||||||||||
| UNIVERSITY OF CHICAGO | 5801 S ELLIS AVE | CHICAGO | IL | 60637 | N/A | I | Scholarship grant | $10,000 | |||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,010,295 | 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 | $1,372 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $679,884 | 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 | $301,107 | 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 | $982,363 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $982,363 | 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 |
Depreciation Schedule DepreciationSchedule
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | IN-KIND GRANT | IdentifierTxt |
| Form And Line Reference | PART I LINE 25 AND PART XIV LINE 3A | FormAndLineReferenceDesc |
| Medium Explanation | DISTRIBUTIONS OF PROPERTY VALUE AT FAIR MARKET VALUE AT DATE OF DISTRIBUTION METHOD FOR DETERMINING FMV OF SECURITIES: AVERAGE OF HIGH/LOW ON DATE GRANTED TO CHARITY METHOD OF DETERMINING BOOK VALUE OF SECURITIES: COST OR AVERAGE OF HIGH/LOW ON DATE CONTRIBUTED TO FOUNDATION TOTAL FAIR MARKET VALUE OF PROPERTY: $238,395 TOTAL BOOK VALUE OF PROPERTY: $174,065 TOTAL CASH PORTION OF GRANTS: $- TOTAL AMOUNT OF GRANTS: $238,395 FORM 990-PF, PART III, LINE 3 - OTHER INCREASES/DECREASES: $64,330 DETAILS OF ITEMS GRANTED: DESCRIPTION OF PROPERTY: THE COCA-COLA CO UNITS: 3,751 DATE OF DISTRIBUTION: 12/6/2022 GRANT RECIPIENT: SCHWAB CHARITABLE FUND FMV OF PROPERTY: $238,395 BOOK VALUE OF PROPERTY: $174,065 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $238,395 | MediumExplanationTxt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (55 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ALTRIA GROUP INC | $58,658 | $60,109 |
| AMERICAN FUNDS NEW PERSPECTIVE | $93,231 | $96,370 |
| AMGEN INC | $70,986 | $80,630 |
| APPLE INC | $122,357 | $130,320 |
| BAIRD CORE PLUS BD FD INSTI CL | $788,120 | $656,826 |
| BLACKROCK EMERGING MARKETS FUN | $62,268 | $45,738 |
| CATERPILLAR INC | $35,895 | $51,505 |
| CISCO SYSTEMS INC | $64,507 | $66,124 |
| CONESTOGA SMALL CAP INST | $27,536 | $32,425 |
| COSTCO WHOLESALE CORPORATION | $28,489 | $37,433 |
| DBX ETF TR/X-TRACKERS MSCI EAF | $1,087,884 | $1,076,324 |
| DODGE & COX INCOME FUND | $424,327 | $359,968 |
| DODGE & COX STOCK | $223,590 | $257,462 |
| ELI LILLY & CO | $40,928 | $62,559 |
| FPA CRESCENT PORTFOLIO | $100,132 | $99,842 |
| FPA NEW INCOME FUND CLASS A | $419,523 | $397,036 |
| GEN DYNAMICS CP | $30,414 | $48,878 |
| HOME DEPOT INC | $77,111 | $79,913 |
| HONEYWELL INTL | $45,365 | $55,504 |
| ILLINOIS TOOL WORKS | $34,007 | $38,332 |
| INFINITY Q DIVERSIFIED ALPHA F | $72,975 | $204 |
| INTERNATIONAL GROWTH AND INCOM | $723,619 | $660,909 |
| ISHARES S&P 500 INDEX FD | $257,809 | $385,747 |
| JOHNSON & JOHNSON | $111,709 | $122,065 |
| LOCKHEED MARTIN CORP | $61,266 | $76,379 |
| LOWES COMPANIES INC | $41,507 | $53,197 |
| MASTERCARD INC | $36,324 | $38,946 |
| MCDONALD'S CORP | $66,501 | $72,734 |
| MERCK & CO INC | $60,778 | $90,757 |
| METROPOLITAN WEST RETURN BOND | $23,911 | $18,578 |
| MICROSOFT CORP | $168,130 | $178,906 |
| MORGAN STANLEY | $70,464 | $68,951 |
| OAKMARK INTERNATIONAL FUND | $78,526 | $69,947 |
| ORACLE CORP | $56,225 | $62,776 |
| PHILIP MORRIS INTL | $86,291 | $86,130 |
| PIMCO INCOME FUND | $362,374 | $319,662 |
| PROCTER GAMBLE CO | $89,800 | $104,273 |
| QUALCOMM INC | $46,266 | $40,458 |
| RBB FUND INC. - WPG PARTNERS S | $26,063 | $30,677 |
| T ROWE PRICE CAP APPRECIATION | $81,126 | $72,505 |
| TARGET CORPORATION | $54,279 | $49,928 |
| TEXAS INSTRUMENTS INC | $56,487 | $62,618 |
| THE COCA-COLA CO | $8,717,614 | $12,300,137 |
| THE JENSEN PORTFOLIO INC CLASS | $152,064 | $183,493 |
| TWEEDY BROWNE GLOBAL VALUE FUN | $124,250 | $117,667 |
| UNION PACIFIC | $52,045 | $55,081 |
| UNITED PARCEL SERVICE | $44,249 | $52,326 |
| UNITEDHEALTH GROUP INC | $55,845 | $90,661 |
| VANGUARD DIVIDEND GROWTH FD | $1,290,773 | $1,475,337 |
| VANGUARD EQUITY INCOME - ADMIR | $1,856,836 | $2,073,873 |
| VANGUARD TOTAL BOND MARKET ETF | $297,646 | $245,190 |
| VANGUARD TOTAL BOND MARKET IND | $60,901 | $54,612 |
| VISA INC | $52,508 | $52,771 |
| WAL-MART STORES INC | $75,685 | $74,014 |
| WISDOMTREE SC DIV | $569,862 | $676,019 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | General Consultations | CategoryTxt |
| Legal Fees | $245 | LegalFeesAmt |
| Disbursements Charitable Prps | $245 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Administrative Fees | $60,518 | $60,518 | |
| Bank Charges | $30 | $30 | |
| Indemnification Insurance | $1,142 | $1,142 | |
| Website Hosting/Support | $700 | $700 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | GRANT OF PUBLICLY-TRADED SECURITIES | Desc |
| Amt | $64,330 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Investment Management Services | $34,200 | $34,200 | |
| Philanthropic Consulting Srvcs | $54,000 | $54,000 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt |
|---|---|
| 990-PF Estimated Tax for 2022 | $8,100 |
| 990-PF Extension for 2021 | $4,500 |