IBM INTERNATIONAL FOUNDATION: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- IBM INTERNATIONAL FOUNDATION (EIN 13-3267906)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-10-06
- IRS object ID
- 202312799349100306
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Investments Corp Stock Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-10-06T09:51:04-05:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 135565207 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 W 5TH STREET SUITE 800 | AddressLine1Txt |
| City | WINSTONSALEM | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27101 | 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 | 133267906 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | IBM INTERNATIONAL FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | IBMI | BusinessNameControlTxt |
| Phone | 9144994690 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | CO IBM TAX DEPT NORTH CASTLE DRIV | AddressLine1Txt |
| City | ARMONK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10504 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JUSTINA NIXON-SAINTIL | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 9144994690 | PhoneNum |
| Signature | 2023-10-04 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | JUSTINA | PersonFirstNm |
| Person Last | NIXON-SAINTIL | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LAURA A COLLINS | PreparerPersonNm |
| PTIN | P00008888 | PTIN |
| Phone | 3362753394 | PhoneNum |
| Preparation | 2023-10-02 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| 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 | $313,789,501 | 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 | $11,159,714 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $83,275 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $83,275 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $7,809,111 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $7,620,559 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $16,831,166 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $82,473,514 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $20,207,253 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $0 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | -$712,707 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $35,883,266 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $27,198,380 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $7,796,209 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $289,215 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $7,161,004 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $511,500 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $15 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $466,218 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $9,881 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $8,307,724 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $755,433 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $7,170,885 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $8,001,120 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $8,001,120 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $16,308,844 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $755,433 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $15,172,005 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $19,574,422 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $26,442,947 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $1,823,404 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $13,288,834 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $13,288,834 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $10 | AcctRcvblAmt |
| Acct Rcvbl EOY | $10 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $10 | AcctRcvblEOYFMVAmt |
| Pledges Rcvbl BOY | $2,564,457 | PledgesRcvblBOYAmt |
| Corporate Stock BOY | $375,348,034 | CorporateStockBOYAmt |
| Corporate Stock EOY | $300,500,657 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $300,500,657 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $379,735,895 | TotalAssetsBOYAmt |
| Total Assets EOY | $313,789,501 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $313,789,501 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $1,494,384 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $1,797,060 | AccountsPayableEOYAmt |
| Total Liabilities BOY | $1,494,384 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,797,060 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $378,241,511 | RetainedEarningBOYAmt |
| Retained Earning EOY | $311,992,441 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $378,241,511 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $311,992,441 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $379,735,895 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $313,789,501 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $378,241,511 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $19,574,422 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $397,815,933 | SubtotalAmt |
| Other Decreases | $85,823,492 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $311,992,441 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| How Acquired | P | HowAcquiredCd |
| Gross Sales Price | $82,473,514 | GrossSalesPriceAmt |
| Cost Or Other Basis | $62,266,261 | CostOrOtherBasisAmt |
| Gain Or Loss | $20,207,253 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $20,207,253 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $20,207,253 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $367,557 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $367,557 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $367,557 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $663,527 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $663,527 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $295,970 | OverpaymentAmt |
| Applied To ES Tax | $295,970 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
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 | NY | OrgReportOrRegisterStateCd |
| 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 | N/A | WebsiteAddressTxt |
| Individual With Books | IBM INTERNATIONAL FOUNDATION | IndividualWithBooksNm |
| Phone | 9144994690 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | NEW ORCHARD ROAD | AddressLine1Txt |
| City | ARMONK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10504 | 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 | Yes (1) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| 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 |
|---|---|---|---|---|---|---|---|---|
| ARVIND KRISHNA | ||||||||
| NEW ORCHARD ROAD | ARMONK | NY | 10504 | CHAIRMAN, DIRECTOR | 1.00 | $0 | $0 | $0 |
| JUSTINA NIXON-SAINTIL | ||||||||
| NEW ORCHARD ROAD | ARMONK | NY | 10504 | DIRECTOR, PRESIDENT & VICE CHAIR | 10.00 | $0 | $0 | $0 |
| SIMON J BEAUMONT | ||||||||
| NEW ORCHARD ROAD | ARMONK | NY | 10504 | DIRECTOR, TREASURER | 1.00 | $0 | $0 | $0 |
| KATHLEEN MCDONALD | ||||||||
| NEW ORCHARD ROAD | ARMONK | NY | 10504 | CONTROLLER | 1.00 | $0 | $0 | $0 |
| FRANK SEDLARCIK | ||||||||
| NEW ORCHARD ROAD | ARMONK | NY | 10504 | SECRETARY | 1.00 | $0 | $0 | $0 |
| STEPHEN LETT | ||||||||
| NEW ORCHARD ROAD | ARMONK | NY | 10504 | ASSISTANT CONTROLLER | 1.00 | $0 | $0 | $0 |
| MARK HOBBERT | ||||||||
| NEW ORCHARD ROAD | ARMONK | NY | 10504 | ASSISTANT TREASURER | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| EXPERIS US INC | |||||
| 29973 NETWORK PLACE | CHICAGO | IL | 60673 | PROGRAM CONSULTING | $3,793,504 |
| IBM CORPORATION | |||||
| NEW ORCHARD ROAD | ARMONK | NY | 10504 | PROGRAM SUPPORT | $3,671,943 |
| STATE STREET BANK & TRUST CO | |||||
| 1 LINCOLN ST | BOSTON | MA | 02111 | INVESTMENT MANAGEMENT | $289,215 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | THE IBM INTERNATIONAL FOUNDATION PROVIDED EDUCATIONAL AND SKILLS PROGRAMS TO FOCUS ON SKILLS NEEDED FOR 21ST CENTURY JOBS THROUGH THE FOLLOWING PROGRAMS:P-TECH IS A GROUND BREAKING EDUCATION MODEL WHICH COMBINES PUBLIC HIGH SCHOOL AND NO-COST COMMUNITY COLLEGE WITH PREPARATION FOR "NEW COLLAR" JOBS. P-TECH STUDENTS, PRIMARILY FROM UNDER-SERVED BACKGROUNDS, GRADUATE WITH A NO-COST ASSOCIATE DEGREE, ALONG WITH WORKPLACE EXPERIENCES INCLUDING MENTORSHIPS.SKILLSBUILD OFFERS FREE LEARNING, SUPPORT, AND RESOURCES FROM SECONDARY EDUCATION (STUDENTS AGED 13-18) TO ADULTS SEEKING ENTRY-LEVEL EMPLOYMENT. SKILLSBUILD PROVIDES SKILLS FOR ENTRY-LEVEL TECH JOBS. | Description1Txt |
| Expenses1 | $3,814,704 | Expenses1Amt |
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 | $329,468,002 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $3,897,411 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $333,365,413 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $333,365,413 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $5,000,481 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $328,364,932 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $16,418,247 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $16,418,247 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $367,557 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $367,557 | TotalTaxAmt |
| Distributable Before Adj | $16,050,690 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $16,050,690 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $16,050,690 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $15,172,005 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $15,172,005 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $16,050,690 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $9,250,280 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $6,940,040 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $2,208,187 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $8,983,619 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $1,462,555 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $28,844,681 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $15,172,005 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $15,172,005 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $878,685 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $878,685 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $27,965,996 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $8,371,595 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $19,594,401 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $6,940,040 | ExcessFromYear4Amt |
| Excess From Year3 | $2,208,187 | ExcessFromYear3Amt |
| Excess From Year2 | $8,983,619 | ExcessFromYear2Amt |
| Excess From Year1 | $1,462,555 | ExcessFromYear1Amt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (12 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|
| CARVER VOCATIONAL TECHNICAL HS | |||||||
| 2201 W PRESSMAN ST | BALTIMORE | MD | 21216 | PC | TRANSPORTATION FOR PTECH STUDENTS TO ATTEND INTERNSHIPS | $2,000 | |
| COMPTIA TECH CAREER ACADEMY (CTCA) | |||||||
| 3500 LACEY ROAD SUITE 100 | DOWNERS GROVE | IL | 60515 | PC | PROVIDING A+ TRAINING AND CERTIFICATION TO UNDERSERVED COMMUNITIES | $350,000 | |
| JOBS FOR THE FUTURE INC - PTECH | |||||||
| 50 MILK ST | BOSTON | MA | 02110 | PC | SUPPORT FOR THE NEXT PHASE OF PTECH | $1,134,000 | |
| JOBS FOR THE FUTURE INC -SKILLBUILD | |||||||
| 50 MILK ST | BOSTON | MA | 02110 | PC | SUPPORTING DIGITAL AND PROFESSIONAL SKILLS FOR ADULT LEARNERS | $610,000 | |
| MAGIS AMERICAS | |||||||
| 1016 16TH ST NW SUITE 400 | WASHINGTON | DC | 20036 | PC | SUPPORTING THE EXPANSION OF P-TECH IN LATIN AMERICA | $549,646 | |
| NEWBURGH ENGLARGED CITY SCHOOL DISTRICT (ECSD) | |||||||
| 124 GRAND ST | NEWBURGH | NY | 12550 | PC | TRANSPORTATION FOR PTECH STUDENTS TO ATTEND INTERNSHIPS | $10,000 | |
| NY COMMUNITY FRIDGE CORP | |||||||
| 185 E 85TH ST APT 21A | NEW YORK | NY | 10028 | PC | HELPING COMMUNITIES FIGHT FOOD INSECURITIES | $25,000 | |
| PTECH NORWALK | |||||||
| 23 CALVIN MURPHY DR | NORWALK | CT | 06851 | PC | TRANSPORTATION FOR PTECH STUDENTS TO ATTEND INTERNSHIPS | $7,000 | |
| SMITHSONIAN INSTITUTION - NATIONAL MUSEUM OF AFRICAN AMERICAN HISTORY AND C | |||||||
| 1400 CONSTITUTION AVENUE NW MRC | WASHINGTON | DC | 20560 | PC | SUPPORT TO PROVIDE AFRICAN AMERICAN HISTORY EDUCATION | $200,000 | 1405 |
| STRADA COLLABORATIVE INC DBA INSIDE TRACK | |||||||
| 10 W MARKET ST SUITE 1100 | INDIANAPOLIS | IN | 46204 | PC | MENTORING AND COACHING FOR SKILLSBUILD PROGRAM | $60,000 | |
| TARA HIGH SCHOOL | |||||||
| 9002 WHITEHALL AVE | BATON ROUGE | LA | 70806 | PC | TRANSPORTATION FOR PTECH STUDENTS TO ATTEND INTERNSHIPS | $2,000 | |
| THE BLACKBAUD GIVING FUND | |||||||
| 65 FAIRCHILD STREET | CHARLESTON | SC | 29492 | PC | EMPLOYEE MATCHING GRANT | $5,051,474 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $8,001,120 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (2 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| COMPTIA TECH CAREER ACADEMY (CTCA) | ||||||
| 3500 LACEY ROAD SUITE 100 | DOWNERS GROVE | IL | 60515 | PC | PROVIDING A+ TRAINING AND CERTIFICATION TO UNDERSERVED COMMUNITIES | $650,000 |
| JOBS FOR THE FUTURE INC - PTECH | ||||||
| 50 MILK ST | BOSTON | MA | 02110 | PC | SUPPORT FOR THE NEXT PHASE OF PTECH | $1,679,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $2,329,000 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $83,275 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $7,809,111 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $16,831,166 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $24,723,552 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $24,723,552 | 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 |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | IBM CORPORATION | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | NEW ORCHARD ROAD | AddressLine1Txt |
| City | ARMONK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10504 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $11,159,714 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | COMMON TRUST FUNDS | StockNm |
| EOY Book Value | $300,500,657 | EOYBookValueAmt |
| EOYFMV | $300,500,657 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED LOSSES | Desc |
| Amt | $85,823,492 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| MEMBERSHIPS & DUES | $0 | $0 | $2,709 |
| OTHER PSHIP DEDUCTIONS | $0 | $466,218 | $0 |
| MATCHING GIFT FEES | $0 | $0 | $7,172 |
| BANKING FEES | $15 | $0 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER PSHIP INCOME | Desc |
| Revenue And Expenses Per Books | $0 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | -$712,707 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| CONSULTING | $7,506,994 | $0 | $7,161,004 |
| INVESTMENT MANAGEMENT | $289,215 | $289,215 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FEDERAL NET INVESTMENT INCOME TAX | $510,000 | $0 | $0 |
| STATE CHARITABLE REGISTRATION FEE | $1,500 | $0 | $0 |