CUMMING FOUNDATION: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- CUMMING FOUNDATION (EIN 87-0440091)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-10-30
- IRS object ID
- 202323039349100307
- 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
- Gain Loss Sale Other Assets Sch
- General Explanation Attachment
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Land Schedule2
- Investments Other Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
- Transfers Frm Controlled Entities
- Transfers To Controlled Entities
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-10-30T14:30:09+00:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 346565596 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERNST & YOUNG US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 155 N WACKER DRIVE | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60606 | 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 | 870440091 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Cumming Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CUMM | BusinessNameControlTxt |
| Phone | 3077340708 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 4902 | AddressLine1Txt |
| City | JACKSON | CityNm |
| State Abbreviation | WY | StateAbbreviationCd |
| ZIP | 83001 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CATHY HANDLEY | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 3077340708 | PhoneNum |
| Signature | 2023-10-30 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | CATHY | PersonFirstNm |
| Person Last | HANDLEY | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Voula Spyridis | PreparerPersonNm |
| PTIN | P01795600 | PTIN |
| Phone | 3128792000 | PhoneNum |
| 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 | $88,796,726 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $3,542 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $3,542 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $318,418 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $318,418 | DividendsNetInvstIncmAmt |
| Gross Rents Rev And Expnss | $12,826 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $12,826 | GrossRentsNetInvstIncmAmt |
| Net Rental Income Or Loss | $12,826 | NetRentalIncomeOrLossAmt |
| Net Gain Sale Ast Rev And Expnss | -$1,142,088 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $17,561,983 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Gross Sales Less Ret And Allwnc | $0 | GrossSalesLessRetAndAllwncAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
| Gross Profit Rev And Expnss | $0 | GrossProfitRevAndExpnssAmt |
| Other Income Rev And Expnss | $379,180 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $1,055,572 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $0 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | -$428,122 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,390,358 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $160,290 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $160,290 | CompOfcrDirTrstDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $11,683 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $11,683 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $123,925 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $541 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $123,384 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $188,758 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $58,687 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $130,071 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $396,212 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $363,313 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $32,899 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $38,658 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $2,658 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $0 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $0 | DeprecAndDpltnAdjNetIncmAmt |
| Occupancy Rev And Expnss | $7,371 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $7,371 | OccupancyNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $10,693 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $9,159 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $1,234 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $937,590 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $441,729 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $459,561 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $11,925,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $11,925,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $12,862,590 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $441,729 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $12,384,561 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$13,290,712 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $948,629 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $5,169,153 | CashBOYAmt |
| Cash EOY | $4,515,186 | CashEOYAmt |
| Cash EOYFMV | $4,515,186 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $460,888 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $482,429 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $482,429 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl BOY | $0 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $0 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $0 | AcctRcvblEOYFMVAmt |
| Pledges Rcvbl EOY | $0 | PledgesRcvblEOYAmt |
| Pledges Rcvbl EOYFMV | $0 | PledgesRcvblEOYFMVAmt |
| Rcvbl From Officers BOY | $0 | RcvblFromOfficersBOYAmt |
| Rcvbl From Officers EOY | $0 | RcvblFromOfficersEOYAmt |
| Rcvbl From Officers EOYFMV | $0 | RcvblFromOfficersEOYFMVAmt |
| Other Nts And Loans Rcvbl | $0 | OtherNtsAndLoansRcvblAmt |
| Other Rcvbl Allwnc Dbtfl Acct | $0 | OtherRcvblAllwncDbtflAcctAmt |
| Other Nts And Loans Rcvbl BOY | $0 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $0 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $0 | OtherNtsAndLoansRcvblEOYFMVAmt |
| US Government Obligations BOY | $0 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $0 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $0 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $1,207,760 | CorporateStockBOYAmt |
| Corporate Stock EOY | $1,207,760 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $963,806 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $14,456,757 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $2,430,720 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $2,234,635 | CorporateBondsEOYFMVAmt |
| Invst Land Cost Or Other Basis | $0 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $0 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments BOY | $11,500,000 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $0 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $0 | LandBldgInvestmentsEOYFMVAmt |
| Other Investments BOY | $64,383,225 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $56,666,087 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $59,100,670 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $0 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $0 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $0 | LandBOYAmt |
| Land EOYFMV | $0 | LandEOYFMVAmt |
| Other Assets BOY | $297,017 | OtherAssetsBOYAmt |
| Other Assets EOY | $21,500,000 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $21,500,000 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $97,474,800 | TotalAssetsBOYAmt |
| Total Assets EOY | $86,802,182 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $88,796,726 | TotalAssetsEOYFMVAmt |
| Loans From Officers BOY | $0 | LoansFromOfficersBOYAmt |
| Loans From Officers EOY | $0 | LoansFromOfficersEOYAmt |
| Mortgages And Notes Payable BOY | $0 | MortgagesAndNotesPayableBOYAmt |
| Mortgages And Notes Payable EOY | $0 | MortgagesAndNotesPayableEOYAmt |
| Other Liabilities BOY | $850 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $0 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $850 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $12,011,797 | CapitalStockBOYAmt |
| Capital Stock EOY | $185,930 | CapitalStockEOYAmt |
| Retained Earning BOY | $85,462,153 | RetainedEarningBOYAmt |
| Retained Earning EOY | $86,616,252 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $97,473,950 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $86,802,182 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $97,474,800 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $86,802,182 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $97,473,950 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$13,290,712 | ExcessRevenueOverExpensesAmt |
| Other Increases | $2,618,944 | OtherIncreasesAmt |
| Subtotal | $86,802,182 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $86,802,182 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (7 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Excess FMV Over Adjusted BssExcessFMVOverAdjustedBssAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|---|
| PUBLICLY TRADED SECURITIES | $17,500,035 | $18,263,443 | -$763,408 | $0 | -$763,408 | |
| ARK GLOBAL EMERGING COMPANIES, LP | $40,715 | -$40,715 | $0 | -$40,715 | P | |
| CENTERBRIDGE CAPITAL PARTNERS STRATEGIC AIV I, LP | $504 | -$504 | $0 | -$504 | P | |
| CENTERBRIDGE CAPITAL PARTNERS, LP | $2,023 | -$2,023 | $0 | -$2,023 | P | |
| KEYSTONE PRIVATE MARKET OPPORTUNITIES IX (Q), LP | $37,283 | $37,283 | $0 | $37,283 | P | |
| RCG KENNEDY HOUSE, LLC | $3,260 | $3,260 | $0 | $3,260 | P | |
| RA CAPITAL HEALTHCARE FUND, LP | $397,202 | -$397,202 | $0 | -$397,202 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$1,163,309 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $0 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $13,186 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $13,186 | SubtotalAmt |
| Tax Based On Investment Income | $13,186 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $62,864 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $62,864 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $49,678 | OverpaymentAmt |
| Applied To ES Tax | $49,678 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
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 |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | UT | OrgReportOrRegisterStateCd |
| Org Report Or Register State | WY | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | Yes (true) | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | CATHY HANDLEY | IndividualWithBooksNm |
| Phone | 3077340708 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 148 S REDMOND ST | AddressLine1Txt |
| City | JACKSON | CityNm |
| State Abbreviation | WY | StateAbbreviationCd |
| ZIP | 83001 | 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 | Yes (true) | 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 | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 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 |
|---|---|---|---|---|---|---|---|---|
| ANNETTE P CUMMING | ||||||||
| PO BOX 4902 | JACKSON | WY | 83001 | VP, TRUSTEE, AND EXECUTIVE DIRECTOR | 0.200 | $0 | $0 | $0 |
| CATHY HANDLEY | ||||||||
| PO BOX 4902 | JACKSON | WY | 83001 | TREASURER | 1.000 | $0 | $0 | $0 |
| DAVID E CUMMING | ||||||||
| PO BOX 4902 | JACKSON | WY | 83001 | TRUSTEE AND PRESIDENT | 17.200 | $160,290 | $0 | $0 |
| JOHN D CUMMING | ||||||||
| PO BOX 4902 | JACKSON | WY | 83001 | TRUSTEE | 1.000 | $0 | $0 | $0 |
| JESSICA GRANT | ||||||||
| PO BOX 4902 | JACKSON | WY | 83001 | SECRETARY | 1.000 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 |
|---|---|---|---|---|---|
| Cumming Management Company LLC | |||||
| PO Box 4902 | Jackson | WY | 83001 | Accounting Services and Investment Management | $541,771 |
| Faegre Drinker Biddle & Reath LLP | |||||
| PO Box 536777 | Pittsburgh | PA | 152535909 | Legal Services | $64,100 |
| Skadden Arps Slate Meagher & Flom LLP | |||||
| PO Box 1764 | White Plains | NY | 10602 | Legal Services | $58,475 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | SEE ATTACHMENT | Description1Txt |
| Expenses1 | $21,500,000 | Expenses1Amt |
| Total | $21,500,000 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $10,001,681 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $4,821,135 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $150,888,714 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $165,711,530 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $165,711,530 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $2,485,673 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $163,225,857 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $8,161,293 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $8,161,293 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $13,186 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $13,186 | TotalTaxAmt |
| Distributable Before Adj | $8,148,107 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $500 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $8,148,607 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $8,148,607 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $12,384,561 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $21,500,000 | ProgramRelatedInvstTotalAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $33,884,561 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $8,148,607 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $270,326 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $197,524 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $783,212 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $1,091,239 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $0 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $2,342,301 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $33,884,561 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $8,148,607 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $25,735,954 | RemainingDistriFromCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $28,078,255 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $270,326 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $27,807,929 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $197,524 | ExcessFromYear4Amt |
| Excess From Year3 | $783,212 | ExcessFromYear3Amt |
| Excess From Year2 | $1,091,239 | ExcessFromYear2Amt |
| Excess From Year1 | $0 | ExcessFromYear1Amt |
| Excess From Current Year | $25,735,954 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | DAVID E CUMMING PRESIDENT | ContributingManagerNm |
| Contributing Manager | JOHN D CUMMING TRUSTEE | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (63 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| The Winston School- Reading Intervention Programs | ||||||
| 215 9th Street | Del Mar | CA | 92014 | PC | GENERAL OPERATING SUPPORT | $100,000 |
| The Winston School- Technology Infrastructure | ||||||
| 215 9th Street | Del Mar | CA | 92014 | PC | GENERAL OPERATING SUPPORT | $125,000 |
| One22 Resource Center | ||||||
| PO Box 1232 | Jackson | WI | 83001 | PC | GENERAL OPERATING SUPPORT | $500 |
| University of Utah John A Moran Eye Center- Cumming Presidential Endowed | ||||||
| 65 Mario Capecchi Drive | Salt Lake City | UT | 84132 | PC | GENERAL OPERATING SUPPORT | $1,500,000 |
| Planned Parenthood Hudson Peconic- East End Benefit | ||||||
| 570 Taxter Road Suite 250 | Elmsford | NY | 10523 | PC | GENERAL OPERATING SUPPORT | $5,000 |
| Friends of UNFPA- Ukraine Conflict Emergency Fund | ||||||
| 605 Third Avenue 4th Floor | New York | NY | 10158 | PC | GENERAL OPERATING SUPPORT | $10,000 |
| Friends of UNFPA | ||||||
| 605 Third Avenue 4th Floor | New York | NY | 10158 | PC | GENERAL OPERATING SUPPORT | $20,000 |
| Rural Utah Project Education Fund | ||||||
| 323 South 600 East Suite 130 | Salt Lake City | UT | 84102 | PC | GENERAL OPERATING SUPPORT | $10,000 |
| World Central Kitchen- #ChefsForUkraine | ||||||
| 200 Mass Ave NW 7th Floor | Washington | DC | 20001 | PC | GENERAL OPERATING SUPPORT | $10,000 |
| Chelsea's Fund | ||||||
| PO Box 1472 | Lander | WY | 82520 | PC | GENERAL OPERATING SUPPORT | $1,000 |
| Better Utah Institute | ||||||
| PO Box 521855 | Salt Lake City | UT | 84152 | PC | GENERAL OPERATING SUPPORT | $2,500 |
| Rowland Hall- Director of Inclusion Equity & Outreach | ||||||
| 720 S Guardsman Way | Salt Lake City | UT | 84108 | PC | GENERAL OPERATING SUPPORT | $600,000 |
| Primary Children's Hospital Foundation- In Memory of LaVern Parmley | ||||||
| PO Box 26722 | Salt Lake City | UT | 84126 | PC | GENERAL OPERATING SUPPORT | $25,000 |
| Ludis | ||||||
| 1762 Prospector Ave | Park City | UT | 84060 | PC | GENERAL OPERATING SUPPORT | $160,000 |
| Rowland Hall- Climate Science Class (3rd of 3 Pledge Payments) | ||||||
| 720 S Guardsman Way | Salt Lake City | UT | 84108 | PC | GENERAL OPERATING SUPPORT | $30,000 |
| Planned Parenthood of the Rocky Mountains- VJC Fund | ||||||
| 7155 East 38th Avenue | Denver | CO | 80207 | PC | GENERAL OPERATING SUPPORT | $5,000 |
| Chelsea's Fund | ||||||
| PO Box 1472 | Lander | WY | 82520 | PC | GENERAL OPERATING SUPPORT | $10,000 |
| Perlman Music Program | ||||||
| 19 West 69th Street Suite 1101 | New York | NY | 10023 | PC | GENERAL OPERATING SUPPORT | $10,000 |
| University of Utah David Eccles School of Business- Cumming Family Scholar | ||||||
| 1655 E Campus Center Drive | Salt Lake City | UT | 84112 | PC | GENERAL OPERATING SUPPORT | $10,000 |
| Silicon Valley Community Foundation Operations Fund | ||||||
| 2440 West El Camino Real Ste 300 | Mountain View | CA | 94040 | PC | GENERAL OPERATING SUPPORT | $5,000 |
| Salt Lake Tribune | ||||||
| 90 South 400 West Suite 700 | Salt Lake City | UT | 94101 | PC | GENERAL OPERATING SUPPORT | $35,000 |
| Latinos in Action | ||||||
| 1200 E Sanders Road | Sandy | UT | 84094 | PC | GENERAL OPERATING SUPPORT | $10,000 |
| Society of Family Planning- Utah Education | ||||||
| PO Box 18342 | Denver | CO | 80218 | PC | GENERAL OPERATING SUPPORT | $10,000 |
| The Nature Conservancy of Utah- Utah Conservation Programs | ||||||
| 559 East South Temple | Salt Lake City | UT | 84102 | PC | GENERAL OPERATING SUPPORT | $100,000 |
| The Nature Conservancy of California- SCP Preserve | ||||||
| 830 S Street | Sacramento | CA | 95811 | PC | GENERAL OPERATING SUPPORT | $100,000 |
| Center for Reproductive Rights | ||||||
| 199 Water Street 22nd Floor | New York | NY | 10038 | PC | GENERAL OPERATING SUPPORT | $5,000 |
| Planned Parenthood Association of Utah | ||||||
| 654 South 900 East | Salt Lake City | UT | 84102 | PC | GENERAL OPERATING SUPPORT | $50,000 |
| Planned Parenthood of the Rocky Mountains | ||||||
| 7155 East 38th Avenue | Denver | CO | 80207 | PC | GENERAL OPERATING SUPPORT | $45,000 |
| Planned Parenthood of Hudson Peconic | ||||||
| 570 Taxter Road Suite 250 | Elmsford | NY | 10523 | PC | GENERAL OPERATING SUPPORT | $5,000 |
| Bridgercare | ||||||
| 1288 N 14th Avenue Suite 201 | Bozeman | MT | 59715 | PC | GENERAL OPERATING SUPPORT | $5,000 |
| Guttmacher Institute | ||||||
| 125 Maiden Lane 7th Floor | New York | NY | 10038 | PC | GENERAL OPERATING SUPPORT | $10,000 |
| University of Utah ASCENT Center | ||||||
| 540 Arapeen Drive Suite 120 | Salt Lake City | UT | 84108 | PC | GENERAL OPERATING SUPPORT | $100,000 |
| YWCA Utah | ||||||
| 322 East 300 South | Salt Lake City | UT | 84111 | PC | GENERAL OPERATING SUPPORT | $10,000 |
| Utah Domestic Violence Coalition | ||||||
| 124 South 400 East Suite 430 | Salt Lake City | UT | 841112178 | PC | GENERAL OPERATING SUPPORT | $5,000 |
| Fourth Street Clinic | ||||||
| 409 West 400 South | Salt Lake City | UT | 84101 | PC | GENERAL OPERATING SUPPORT | $10,000 |
| East Hampton Healthcare Foundation | ||||||
| 200 Pantigo Place Suite M | East Hampton | NY | 11937 | PC | GENERAL OPERATING SUPPORT | $25,000 |
| PATH | ||||||
| 2201 Westlake Avenue Suite 200 | Seattle | WA | 98121 | PC | GENERAL OPERATING SUPPORT | $10,000 |
| Chelsea's Fund | ||||||
| PO Box 1472 | Lander | WY | 82520 | PC | GENERAL OPERATING SUPPORT | $10,000 |
| Doctors Without Boarders | ||||||
| PO Box 5030 | Hagerstown | MD | 217415030 | PC | GENERAL OPERATING SUPPORT | $20,000 |
| The Nature Conservancy of Utah | ||||||
| 559 East South Temple | Salt Lake City | UT | 84102 | PC | GENERAL OPERATING SUPPORT | $55,000 |
| Utah Clean Energy | ||||||
| 1014 2nd Ave | Salt Lake City | UT | 84103 | PC | GENERAL OPERATING SUPPORT | $10,000 |
| Utah Food Bank | ||||||
| 3150 South 900 West | Salt Lake City | UT | 84119 | PC | GENERAL OPERATING SUPPORT | $5,000 |
| Feeding America | ||||||
| PO Box 96749 | Washington | DC | 200906749 | PC | GENERAL OPERATING SUPPORT | $20,000 |
| American Civil Liberties Union Foundation | ||||||
| 125 Broad Street 18th Floor | New York | NY | 10004 | PC | GENERAL OPERATING SUPPORT | $50,000 |
| Rocky Mountain Innocence Center | ||||||
| 358 South 700 East B235 | Salt Lake City | UT | 84102 | PC | GENERAL OPERATING SUPPORT | $10,000 |
| Grand Canyon Trust | ||||||
| PO Box 1236 | Flagstaff | AZ | 860029928 | PC | GENERAL OPERATING SUPPORT | $10,000 |
| Rocky Mountain Innocence Center | ||||||
| 358 South 700 East B235 | Salt Lake City | UT | 84102 | PC | GENERAL OPERATING SUPPORT | $10,000 |
| University of Utah The Utah Climate Prize | ||||||
| 332 S 1400 E Suite 150 | Salt Lake City | UT | 841120300 | PC | GENERAL OPERATING SUPPORT | $200,000 |
| Planned Parenthood Association of Utah | ||||||
| 654 South 900 East | Salt Lake City | UT | 84102 | PC | GENERAL OPERATING SUPPORT | $1,000 |
| Fos Feminista | ||||||
| 125 Maiden Lane 9th Floor | New York | NY | 10038 | PC | GENERAL OPERATING SUPPORT | $100,000 |
| World Central Kitchen | ||||||
| 200 Mass Ave NW 7th Floor | Washington | DC | 20001 | PC | GENERAL OPERATING SUPPORT | $100,000 |
| The Nature Conservancy of Utah | ||||||
| 559 East South Temple | Salt Lake City | UT | 84102 | PC | GENERAL OPERATING SUPPORT | $50,000 |
| The Other Side Academy- Tiny Village Project | ||||||
| 667 East 100 South | Salt Lake City | UT | 84102 | PC | GENERAL OPERATING SUPPORT | $100,000 |
| The Brigid Alliance | ||||||
| PO Box 58 | New York | NY | 10024 | PC | GENERAL OPERATING SUPPORT | $100,000 |
| Planned Parenthood of the Rocky Mountains | ||||||
| 7155 East 38th Avenue | Denver | CO | 80207 | PC | GENERAL OPERATING SUPPORT | $50,000 |
| Friends of UNFPA | ||||||
| 605 Third Avenue 4th Floor | New York | NY | 10158 | PC | GENERAL OPERATING SUPPORT | $50,000 |
| Better Utah Institute 2022 Moving Forward Breakfast | ||||||
| PO Box 521855 | Salt Lake City | UT | 84152 | PC | GENERAL OPERATING SUPPORT | $5,000 |
| Utah Food Bank | ||||||
| 3150 South 900 West | Salt Lake City | UT | 84119 | PC | GENERAL OPERATING SUPPORT | $15,000 |
| KUER | ||||||
| 101 S Wasatch Drive | Salt Lake City | UT | 84112 | PC | GENERAL OPERATING SUPPORT | $10,000 |
| KUED | ||||||
| 101 S Wasatch Drive | Salt Lake City | UT | 84112 | PC | GENERAL OPERATING SUPPORT | $10,000 |
| University of Utah Berkeley | ||||||
| 1995 University Avenue Suite 400 | Berkeley | CA | 947041070 | PC | GENERAL OPERATING SUPPORT | $250,000 |
| PC Community Foundation Climate Fund | ||||||
| PO Box 681499 | Park City | UT | 84068 | PC | GENERAL OPERATING SUPPORT | $10,000 |
| Community Foundation of Utah Three Peaks DAF | ||||||
| 2257 South 1100 East Suite 205 | Salt Lake City | UT | 84106 | PC | GENERAL OPERATING SUPPORT | $7,500,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $11,925,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $3,542 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $318,418 | ExclusionAmt |
Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
| Exclusion | $12,826 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 901101 | BusinessCd |
| Unrelated Business Taxbl Incm | $21,221 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$1,163,309 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (3 entries)
| DescDesc | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|---|---|
| NET INCOME FROM PARTNERSHIP INVESTMENTS | 901101 | -$46,767 | 1 | $1,055,572 |
| BOOK - TAX DIFFERENCES FROM PARTNERSHIP INVESTMENTS | 1 | -$630,125 | ||
| OTHER INCOME | 1 | $500 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | -$25,546 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | -$402,576 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | -$428,122 | 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 (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| ACCOUNTING SERVICES | $178,458 | $53,537 | $124,921 |
| TAX PREPARATION FEES | $10,300 | $5,150 | $5,150 |
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Asset | CAPITAL GAIN OR (LOSS) PER BOOKS | AssetDesc |
| Gross Sales Price | $17,561,983 | GrossSalesPriceAmt |
| Basis | $18,704,071 | BasisAmt |
| Total Net | -$1,142,088 | TotalNetAmt |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp (2 entries)
| IdentifierIdentifierTxt | Form And Line ReferenceFormAndLineReferenceDesc | Medium ExplanationMediumExplanationTxt |
|---|---|---|
| Non-cash grants paid | Form 990-PF, Part I, Line 25 | Date - 12/29/2022 Recipient - Community Foundation of Utah Cost basis - $7,500,000 Cost basis is the original basis in the partnership interest Fair market value - $7,500,000 Fair Market Value is determined using Cost basis, as the donation of partnership interest was within 6 months of acquisition |
| LINE 1 | Form 990-PF, Part VIII-B | Jackson Street Apartments LLC Investment in affordable housing project which further accomplishes the Cumming Foundation's charitable purposes. The project will develop and manage low-income public housing in Teton County, Wyoming. Persons of low income are defined as meaning persons or families who as determined by the public body undertaking a project, cannot afford to pay the amounts at which private enterprise, unaided by public subsidy, is providing decent, safe, and sanitary housing. |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | Lord Abbett (LOLDX) | BondNm |
| EOY Book Value | $2,430,720 | EOYBookValueAmt |
| EOYFMV | $2,234,635 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (11 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| Crimson Wine Group Stock | $53,881 | $154,196 |
| Kirkland Lake Gold | $0 | $0 |
| Agnico Eagle Mines Ltd | $125,483 | $138,908 |
| Evolution Mining | $126,108 | $79,732 |
| Newcrest Mining | $128,761 | $95,096 |
| Regis Resources | $125,379 | $65,534 |
| Agnico Eagle Mines | $129,717 | $92,542 |
| Newmont Corp | $129,689 | $90,152 |
| Barrick Gold Corp | $130,221 | $77,084 |
| Kinross Gold Corp | $129,770 | $60,906 |
| Franco-Nevada Corp | $128,751 | $109,656 |
Investments Land Schedule2 InvestmentsLandSchedule2
Investment Land InvestmentLandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | RED HOUSE LLC - LAND | CategoryOrItemTxt |
| Book Value | $0 | BookValueAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (9 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| Keystone Private Market Opportunities IX (Q), LP | FMV | $2,976,265 | $3,358,282 |
| Ramius Multi Strategy Fund Ltd | FMV | $0 | $149,902 |
| JZ Equity Partners PLC | FMV | $478,347 | $58,884 |
| RCG Kennedy House LLC | FMV | $2,774 | $0 |
| RA Capital Biotech Fund LP | FMV | $6,614,438 | $7,952,168 |
| Centerbridge Capital Partners | FMV | $40,097 | $37,556 |
| Glade LLC | FMV | $44,031,091 | $45,035,391 |
| Ark Global Emerging Companies LP | FMV | $999,843 | $873,827 |
| Cedar Street Teton Fund LP | FMV | $1,523,232 | $1,634,660 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp (2 entries)
| CategoryCategoryTxt | Legal FeesLegalFeesAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| LEGAL SERVICES | $123,384 | $123,384 | |
| RED HOUSE LLC - LEGAL SERVICES | $541 | $541 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| Jackson Street Apartments LLC (PRI) | $0 | $21,500,000 | $21,500,000 |
| RED HOUSE LLC - CAPITALIZED FEES | $297,017 | $0 | $0 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| DUES AND MEMBERSHIPS | $750 | $750 | |
| BANK FEES | $484 | $484 | |
| Other expenses | $300 | ||
| Red House LLC - INSURANCE | $8,987 | $8,987 | |
| Red House LLC - Filing Fees | $172 | $172 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| NET INCOME FROM PARTNERSHIP INVESTMENTS | $1,008,805 | $1,055,572 |
| Book - Tax Differences from Partnership investments | -$630,125 | |
| Other Income | $500 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| PRIOR PERIOD Partnership income TRUE-UP per BOOKs | $2,609,082 |
| RED HOUSE LLC - BOOK VALUE ADJUSTMENT | $9,862 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | RED HOUSE LLC - REFUNDABLE SECURITY DEPOSITS | Desc |
| BOY Book Value | $850 | BOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | $363,313 | $363,313 | |
| CONSULTING FEES | $31,795 | $31,795 | |
| PAYROLL FEES | $1,104 | $1,104 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| FEDERAL EXCISE TAX | $36,000 | |
| FOREIGN TAXES PAID | $2,658 | $2,658 |
Transfers Frm Controlled Entities TransfersFrmControlledEntities
Transfers From Controlled Ent TransfersFromControlledEntGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Glade LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 4902 | AddressLine1Txt |
| City | Jackson | CityNm |
| State Abbreviation | WY | StateAbbreviationCd |
| ZIP | 83001 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 844699816 | EIN |
| Desc | Cash Distributions | Desc |
| Amt | $10,080,509 | Amt |
Transfers To Controlled Entities TransfersToControlledEntities
Transfers To Controlled Ent TransfersToControlledEntGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | DescDesc | AmtAmt |
|---|---|---|---|---|---|---|
| Jackson Street Apartments LLC (PRI) | ||||||
| PO Box 4902 | Jackson | WY | 83001 | 873611810 | Capital contribution | $21,500,000 |
| Disc Holdings LLC | ||||||
| PO Box 4902 | Jackson | WY | 83001 | 882732027 | Capital contribution | $7,500,000 |