ROBERT & LYNDA ALTMAN FAMILY FOUNDATION: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- ROBERT & LYNDA ALTMAN FAMILY FOUNDATION (EIN 87-3339629)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-11-06
- IRS object ID
- 202323109349100522
- Schema version
- 2022v5.0
- Note
- A later return for the same period supersedes this one.
- 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
- Cash Distribution Expln Stmt
- Expln Of Non Filing With AG Stmt
- General Explanation Attachment
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-11-06T09:12:42-06:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 130436940 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ANCHIN BLOCK & ANCHIN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3 TIMES SQUARE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100367001 | 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 | 873339629 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ROBERT & LYNDA ALTMAN FAMILY | BusinessNameLine1Txt |
| Business Name Line2 | FOUNDATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ROBE | BusinessNameControlTxt |
| Phone | 4102447414 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 750 EAST PRATT STREET 900 | AddressLine1Txt |
| City | BALTIMORE | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21202 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARIANNE SCHMITT HELLAUER | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Phone | 4102447414 | PhoneNum |
| Signature | 2023-11-03 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MARIANNE | PersonFirstNm |
| Person Last | SCHMITT HELLAUER | 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 | MARC GOLDBERG | PreparerPersonNm |
| PTIN | P00140875 | PTIN |
| Phone | 2128403456 | PhoneNum |
| Preparation | 2023-11-03 | 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) |
|---|---|---|
| Amended Return | Yes (X) | AmendedReturnInd |
| Address Change | Yes (X) | AddressChangeInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $220,064,973 | 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 |
| Dividends Rev And Expnss | $3,237,308 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $2,869,216 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$5,254,046 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $168,012,059 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | -$4,357 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | -$4,448 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | -$2,021,095 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,864,768 | 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 |
| Legal Fees Rev And Expnss | $13,966 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $6,983 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $6,983 | LegalFeesDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $215,110 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $215,110 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $72,981 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $32,981 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $143,566 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $143,566 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $445,623 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $398,640 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $6,983 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $4,525,684 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $4,971,307 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $398,640 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $6,983 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$6,992,402 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $2,466,128 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $54,532,110 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $33,636,502 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $33,636,502 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $159,691,311 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $58,315,000 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $57,450,608 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $11,565,683 | CorporateStockBOYAmt |
| Corporate Stock EOY | $55,062,911 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $55,019,813 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $0 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $71,752,858 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $73,958,050 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $225,789,104 | TotalAssetsBOYAmt |
| Total Assets EOY | $218,767,271 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $220,064,973 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | 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 | $225,789,104 | RetainedEarningBOYAmt |
| Retained Earning EOY | $218,767,271 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $225,789,104 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $218,767,271 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $225,789,104 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $218,767,271 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $225,789,104 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$6,992,402 | ExcessRevenueOverExpensesAmt |
| Other Increases | $13,832 | OtherIncreasesAmt |
| Subtotal | $218,810,534 | SubtotalAmt |
| Other Decreases | $43,263 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $218,767,271 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | Cost Or Other BasisCostOrOtherBasisAmt |
|---|---|---|---|---|---|---|
| LONG TERM CAPITAL GAIN DISTRIBUTION | 2021-01-01 | 2022-12-31 | $561,867 | $561,867 | $561,867 | |
| LONG TERM CAPITAL GAIN/(LOSS) | 2021-01-01 | 2022-12-31 | $164,602,570 | -$4,941,269 | -$4,941,269 | $169,543,839 |
| LONG TERM CAPITAL GAIN /(LOSS) FROM K-1S | 2021-01-01 | 2022-12-31 | -$82,137 | -$82,137 | $82,137 | |
| SHORT TERM CAPITAL GAIN/(LOSS) | 2022-01-01 | 2022-12-31 | $2,847,622 | -$440,600 | -$440,600 | $3,288,222 |
| SHORT TERM CAPITAL GAIN/(LOSS) FROM K-1S | 2022-01-01 | 2022-12-31 | -$351,907 | -$351,907 | $351,907 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$5,254,046 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $34,279 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $34,279 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $34,279 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $33,916 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $40,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $73,916 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $10 | EsPenaltyAmt |
| Overpayment | $39,627 | OverpaymentAmt |
| Applied To ES Tax | $39,627 | 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 | 0 | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Form990 PF Filed With Atty Gen | 0 | 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 | CO VENABLE LLP | IndividualWithBooksNm |
| Phone | 4102447414 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 750 E PRATT STREET SUITE 900 | AddressLine1Txt |
| City | BALTIMORE | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21202 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (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 |
|---|---|---|---|---|---|---|---|---|
| JAMES ALTMAN | ||||||||
| 750 EAST PRATT STREET SUITE 900 | BALTIMORE | MD | 21202 | TRUSTEE | 0.25 | $0 | $0 | $0 |
| JESSICA ALTMAN | ||||||||
| 750 EAST PRATT STREET SUITE 900 | BALTIMORE | MD | 21202 | TRUSTEE | 0.25 | $0 | $0 | $0 |
| LYNDA CARTER ALTMAN | ||||||||
| 750 EAST PRATT STREET SUITE 900 | BALTIMORE | MD | 21202 | TRUSTEE | 0.25 | $0 | $0 | $0 |
| JOHN EMERSON | ||||||||
| 750 EAST PRATT STREET SUITE 900 | BALTIMORE | MD | 21202 | DISINTERESTED TRUSTEE | 0.25 | $0 | $0 | $0 |
| MARIANNE SCHMITT HELLAUER | ||||||||
| 750 EAST PRATT STREET SUITE 900 | BALTIMORE | MD | 21202 | DISINTERESTED TRUSTEE | 0.25 | $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 (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| PERSHING ADVISOR SOLUTIONS LLC | |||||
| ONE PERSHING PLAZA | JERSEY CITY | NJ | 07399 | INVESTMENT MANAGEMENT | $148,162 |
| BROWN BROTHERS HARRIMAN | |||||
| 140 BROADWAY | NEW YORK | NY | 10005 | INVESTMENT MANAGEMENT | $66,948 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $76,534,908 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $121,067,657 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $20,824,114 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $218,426,679 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $218,426,679 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $3,276,400 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $215,150,279 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $10,757,514 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $10,757,514 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $34,279 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $34,279 | TotalTaxAmt |
| Distributable Before Adj | $10,723,235 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $10,723,235 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $10,723,235 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $6,983 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Set Aside Cash Distri Test | $1 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $6,984 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $10,723,235 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr1 | $54,918,958 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $54,918,958 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $6,984 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $6,984 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $10,716,251 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $10,716,251 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $44,202,707 | 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 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $44,202,707 | ExcessDistriCyovToNextYrAmt |
| Excess From Year1 | $44,202,707 | ExcessFromYear1Amt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| SMITHSONIAN INSTITUTION | ||||||
| 1000 JEFFERSON DRIVE S W | WASHINGTON | DC | 20560 | PC | GENERAL PURPOSE | $200,000 |
| TRANSLATIONAL GENOMICS RESEARCH INSTITUTE FOUNDATION | ||||||
| 445 N 5TH STREET SUITE 120 | PHOENIX | AZ | 85004 | PC | ESTABLISHMENT OF THE ROBERT & LYNDA CARTER ALTMAN FAMILY RESEARCH FUND WITH TGEN AND ITS AFFILIATE, CITY OF HOPE, TO FACILITATE RESEARCH EFFORTS IN TWO COMPLEMENTARY AREAS SPECIFICALLY DESIGNED FOR RAPID IMPROVEMENT OF PATIENT OUTCOMES WHO SUFFER FROM MPN/SAML. ONE RESEARCH PROJECT, THE DIAGNOSTIC RESEARCH PROJECT, IS TO BE CONDUCTED BY TGEN TO DEVELOP TWO DIAGNOSTIC TESTS. THE FIRST DIAGNOSTIC RESEARCH PROJECT IS TO IDENTIFY THE MOST SENSITIVE TEST FOR THE TRANSITION FROM MPN TO SAML. THE SECOND DIAGNOSTIC RESEARCH PROJECT IS TO DEVELOP AND DEPLOY AN ULTRA-RAPID WHOLE GENOMIC SEQUENCING TEST TO IDENTIFY DRUG TREATMENT OPTIONS FOR PATIENTS WHO HAVE TRANSITIONED FROM MPN TO SAML. | $3,070,884 |
| TRANSLATIONAL GENOMICS RESEARCH INSTITUTE FOUNDATION | ||||||
| 445 N 5TH STREET SUITE 120 | PHOENIX | AZ | 85004 | PC | ESTABLISHMENT OF THE ROBERT & LYNDA CARTER ALTMAN FAMILY RESEARCH FUND WITH TGEN AND ITS AFFILIATE, CITY OF HOPE, TO FACILITATE RESEARCH EFFORTS IN TWO COMPLEMENTARY AREAS SPECIFICALLY DESIGNED FOR RAPID IMPROVEMENT OF PATIENT OUTCOMES WHO SUFFER FROM MPN/SAML. ONE RESEARCH PROJECT, THE THERAPEUTIC RESEARCH PROJECT, TO BE CONDUCTED BY THE CITY OF HOPE WILL COMPREHENSIVELY TEST AND SCALE UP THE MANUFACTURE OF THE DRUG DENOMINATED AS MIR-142. THIS "MIMETIC" DRUG SIMULATES (REPLACES) THE ACTION OF A NORMAL SIGNAL THAT IS MISSING IN MPN/SAML PATIENTS. | $1,254,800 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $4,525,684 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $3,237,308 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$5,254,046 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (3 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|
| NON-DIVIDEND DISTRIBUTIONS | 14 | $91 |
| FOREIGN CURRENCY GAIN | 14 | $160 |
| OTHER PORTFOLIO INCOME/(LOSS) FROM K-1S | 14 | -$4,608 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | -$2,021,095 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | -$2,021,095 | 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 |
Cash Distribution Expln Stmt CashDistributionExplnStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | AMOUNTS SET ASIDE - CASH DISTRIBUTION TESTTHE FOLLOWING INFORMATION IS PROVIDED IN ACCORDANCE WITH TREAS. REG. SECTION 53.4942(A)-3(B)(7)(II): (A) THE ROBERT & LYNDA ALTMAN FAMILY FOUNDATION (THE "FOUNDATION") IS SETTING ASIDE FUNDS TO DEVELOP AN ENDOWMENT FUND FROM WHICH GRANTS WILL BE MADE TO PUBLICLY SUPPORTED CHARITIES IN FURTHERANCE OF THEIR LONG-TERM SUPERVISED CHARITABLE PROJECTS. (B) THE AMOUNTS SET ASIDE FOR THE PROJECTS DESCRIBED ABOVE WILL ACTUALLY BE PAID WITHIN A PERIOD OF TIME THAT ENDS NOT MORE THAN 60 MONTHS AFTER THE DATE OF THE SET-ASIDE. (C) THE PROJECTS DESCRIBED ABOVE WILL NOT BE COMPLETED BEFORE THE END OF THE TAXABLE YEAR OF THE FOUNDATION IN WHICH THE SET ASIDE IS MADE. (D) THE DISTRIBUTABLE AMOUNT DETERMINED UNDER IRC SECTION 4942(D) FOR PAST TAXABLE YEARS IN THE FOUNDATION'S START-UP AND FULL PAYMENT PERIODS:YEAR OF CREATION: 2021START-UP PERIOD DISTRIBUTABLE AMOUNT START-UP PERIOD MINIMUM DISTRIBUTION2022 $10,723,235 20% 2023 N/A 40% 2024 N/A 60%2025 N/A 80% TOTAL $10,723,235 (E) AGGREGATE DISTRIBUTIONS FOR CHARITABLE PURPOSES DURING THE FOUNDATION'S START-UP AND FULL PAYMENT PERIODS:START-UP PERIOD CASH DISTRIBUTIONSYEAR OF CREATION: 2021 $02022 $4,525,6842023 N/A2024 N/A2025 N/ATOTAL $4,525,684 | ExplanationTxt |
Expln Of Non Filing With AG Stmt ExplnOfNonFilingWithAGStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | THE FOUNDATION IS NOT REQUIRED TO BE REGISTERED WITH ANY STATE. | ExplanationTxt |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SUPERSEDING RETURN | IdentifierTxt |
| Form And Line Reference | FORM 990-PF | FormAndLineReferenceDesc |
| Medium Explanation | THE TAXPAYER IS FILING THIS RETURN AS A SUPERSEDING RETURN SINCE THE ORIGINAL RETURN WAS INADVERTANTLY FILED IN MAY 2023. THE TAXPAYER FILED A TIMELY EXTENSION WHICH EXTENDED THE FILING DEADLINE TO NOVEMBER 15, 2023.EXPLANATION OF CHANGES1) FORM 990-PF, PAGE 1 LINE 25, COLUMN D; PAGE 8, PART XI, LINE 1A; PAGE 9, PART XII, LINE 4THE TAXPAYER MADE A SET ASIDE ELECTION OF $65,000,000, ON ITS 2021 FORM 990-PF AND TREATED THIS AMOUNT AS A QUALIFYING DISTRIBUTION. CURRENT YEAR 2022 GRANTS, AS REFLECTED ON PART XIV, PAGE 11, TOTALING $4,525,684 ARE TO BE TREATED AS PAYMENTS MADE AGAINST THE SET ASIDE. THEREFORE, WE ARE NOT TREATING THESE GRANTS AS CURRENT YEAR QUALIFYING DISTRIBUTIONS.2) CHANGE TO TAXPAYER'S ADDRESS AND TELEPHONE NUMBER.3) FORM 990-PF, PAGE 6, PART VIICHANGE TO ADDRESS OF TRUSTEES4) FORM 990-PF PAGE 4, QUESTION 14INFORMATION RELATING TO BOOKS IN CARE OF CHANGED5) FORM 990-PF, PAGE 3, PART V, LINE 6CWE ENTERED EXTENSION PAYMENT OF $40,0006) FORM 990-PF, PAGE 11, PART XIVWE SEPARATED THE GRANT TO TRANSLATIONAL GENOMICS RESEARCH INSTITUTE FOUNDATION INTO TWO SEPARATE GRANTS AND WROTE A MORE DETAILED EXPLANATION FOR THE PURPOSE OF THE GRANT.7) WE ATTACHED THE EXPLANATION FOR THE SET-ASIDE UNDER THE CASH DISTRIBUTION TEST SHOWING HOW THE REQUIREMENT IS BEING MET DURING THE START-UP PERIOD (SEE STATEMENT 12).8) FORM 990-PF, PAGE 8, LINES 1A-1CWE RECLASSIFIED A PORTION OF THE AMOUNT ON LINE 1A TO LINE 1C, HOWEVER THE TOTAL ON LINE 1D DID NOT CHANGE. | MediumExplanationTxt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (45 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 3,583.00 SHS LINDE PLC COM STK | $1,055,933 | $1,168,703 |
| 4,655.00 SHS BERKSHIRE HATHAWAY INC-CL B | $1,339,589 | $1,437,930 |
| 4,075.00 SHS TRACTOR SUPPLY COMPANY COM STK | $827,129 | $916,753 |
| 325.00 SHS BOOKING HOLDINGS INC COM STK | $623,606 | $654,966 |
| 3,848.00 SHS MASTERCARD INCORPORATED | $1,291,901 | $1,338,065 |
| 3,249.00 SHS MCDONALD'S CORP | $808,638 | $856,209 |
| 9,114.00 SHS AMPHENOL CORP CL A | $640,205 | $693,940 |
| 24,553.00 SHS ROCHE HLDG LTD SPONS ADR | $1,011,849 | $961,250 |
| 4,817.00 SHS AMERICAN TOWER REIT INC | $952,211 | $1,020,530 |
| 9,195.00 SHS GRACO INC COMMON STOCK | $570,316 | $618,456 |
| 2,649.00 SHS DOLLAR GENERAL CORP COM STK | $657,086 | $652,316 |
| 2,637.00 SHS DIAGEO PLC- SPONSORED ADR | $477,264 | $469,887 |
| 2,424.00 SHS KLA CORPORATION | $825,505 | $913,921 |
| 2,350.00 SHS S&P GLOBAL INC COM STK | $814,684 | $787,109 |
| 15,461.00 SHS ORACLE CORP | $1,086,846 | $1,263,782 |
| 14,954.00 SHS XCEL ENERGY INC | $918,331 | $1,048,425 |
| 9,619.00 SHS APPLE COMPUTER INC | $1,394,504 | $1,249,797 |
| 40,396.00 SHS ENBRIDGE INC COM STK | $1,500,412 | $1,579,484 |
| 455,463.35 SHS BBH PARTNER FUND - INTERNATIONAL EQUITY | $6,035,000 | $6,221,629 |
| 5,192.00 SHS ZOETIS INC COM STK | $856,023 | $760,888 |
| 8,457.00 SHS ABBOTT LABORATORIES | $903,671 | $928,494 |
| 7,337.00 SHS JOHNSON & JOHNSON | $1,216,431 | $1,296,081 |
| 7,094.00 SHS AMAZON.COM INC | $922,922 | $595,896 |
| 7,028.00 SHS PROGRESSIVE CORP OHIO | $871,115 | $911,602 |
| 610,636.04 SHS CLARKSTON FOUNDERS FUND - FOUNDERS CLASS | $9,085,000 | $8,536,692 |
| 6,781.00 SHS UNITED PARCEL SERVICE CL B | $1,127,958 | $1,178,809 |
| 8,776.00 SHS CELANESE CORP COM STK | $907,887 | $897,258 |
| 6,151.00 SHS COPART INC COM STK | $354,780 | $374,534 |
| 6,060.00 SHS NIKE INC CL B | $648,534 | $709,081 |
| 6,017.00 SHS MICROSOFT CORP | $1,544,031 | $1,442,997 |
| 5,792.00 SHS PROCTER & GAMBLE CO | $743,971 | $877,836 |
| 5,508.00 SHS WASTE MANAGEMENT INC | $935,844 | $864,095 |
| 5,506.00 SHS SIGNATURE BANK COM STK | $891,156 | $634,401 |
| 5,465.00 SHS NESTLE S A SPONS ADR | $618,454 | $630,333 |
| 5,409.00 SHS ARTHUR J GALLAGHER & CO | $998,375 | $1,019,813 |
| 14,898.00 SHS AO SMITH CORP COM STK | $832,654 | $852,762 |
| 13,626.00 SHS ALPHABET INC CL C | $1,530,984 | $1,209,035 |
| 11,990.00 SHS SYSCO CORP | $919,312 | $916,636 |
| 10,049.00 SHS TEXAS INSTRUMENTS INC | $1,526,529 | $1,660,296 |
| 1,919.00 SHS ADOBE INC | $672,991 | $645,801 |
| 1,666.00 SHS BLACKROCK INC COM | $966,555 | $1,180,578 |
| 1,415.00 SHS THERMO FISHER SCIENTIFIC INC | $808,967 | $779,226 |
| 1,571.00 SHS COSTCO WHOLESALE CORP | $819,826 | $717,162 |
| 11,939.00 SHS ALCON INC COM STK | $813,169 | $818,418 |
| 1,373.00 SHS UNITEDHEALTH GROUP INC | $714,763 | $727,937 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $58,315,000 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $57,450,608 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $0 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $0 | StateLocalSecEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (6 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| INVESTMENT IN VALLEY FORGE LARGE CAP EQUITY SERIES | AT COST | $15,300,987 | $16,293,095 |
| INVESTMENT IN ALTAROCK PARTNER SERIES | AT COST | $13,111,415 | $12,936,598 |
| INVESTMENT IN MAKAIRA PARTNERS SERIES | AT COST | $9,029,711 | $8,934,334 |
| INVESTMENT IN GQG PARTNERS EMERGING MARKETS EQUITY SERIES | AT COST | $10,512,552 | $10,796,835 |
| INVESTMENT IN BARES MID-LARGE CAP SERIES | AT COST | $6,482,185 | $6,413,995 |
| INVESTMENT IN SELECT EQUITY SERIES | AT COST | $17,316,008 | $18,583,193 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES IN CONNECTION WITH FOUNDATION MATTERS | CategoryTxt |
| Legal Fees | $13,966 | LegalFeesAmt |
| Net Investment Income | $6,983 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $6,983 | DisbursementsCharitablePrpsAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| WASH SALE ADJUSTMENT ON SALE OF INVESTMENTS | $15,009 |
| UNREALIZED DEPRECIATION ON INVESTMENTS | $28,254 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PORTFOLIO DEDUCTIONS FROM K-1S | Desc |
| Revenue And Expenses Per Books | $143,566 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $143,566 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| NON-DIVIDEND DISTRIBUTIONS | $91 | $91 | |
| FOREIGN CURRENCY GAIN | $160 | $160 | $160 |
| OTHER PORTFOLIO INCOME/(LOSS) FROM K-1S | -$4,608 | -$4,608 | -$4,608 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | COST ADJUSTMENT ON INVESTMENTS | Desc |
| Amt | $13,832 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMENT MANAGEMENT FEES | CategoryTxt |
| Amt | $215,110 | Amt |
| Net Investment Income | $215,110 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FOREIGN TAX PAID | $32,981 | $32,981 | $0 |
| FEDERAL EXCISE TAX ON NET INVESTMENT INCOME | $40,000 | $0 | $0 |