PAESTUM FOUNDATION INC: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- PAESTUM FOUNDATION INC (EIN 13-4082016)
- Tax period
- 2020-10-01 to 2021-09-30
- Filed
- 2022-08-15
- IRS object ID
- 202212279349101061
- Schema version
- 2020v4.2
- 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
- All Oth Prog Rltd Investments Sch
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Legal Fees Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-08-15T17:04:38-05:00 | ReturnTs |
| Tax Period End | 2021-09-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 872525370 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CITRIN COOPERMAN ADVISORS LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 50 ROCKEFELLER PLZ | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10020 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2020-10-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 134082016 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE PAESTUM FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PAES | BusinessNameControlTxt |
| Phone | 6469053511 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | CO M HECHT 50 ROCKEFELLER PLZ | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10020 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHAEL HECHT | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 6469053511 | PhoneNum |
| Signature | 2022-08-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MICHAEL | PersonFirstNm |
| Person Last | HECHT | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KENNETH LAKS | PreparerPersonNm |
| PTIN | P00681461 | PTIN |
| Phone | 2126971000 | PhoneNum |
| Preparation | 2022-08-15 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $52,236,149 | 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 | $446,899 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $446,899 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $5,731,666 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $5,773,739 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $5,731,666 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $280,468 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $280,543 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $6,459,033 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $6,459,108 | 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 | $8,741 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $8,741 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $34,241 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $17,120 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $17,121 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $246,662 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $244,622 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $2,040 | OtherProfFeesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $84,267 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $76,038 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $8,229 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $373,911 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $337,780 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $36,131 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,730,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,730,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,103,911 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $337,780 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,766,131 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $4,355,122 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $6,121,328 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $5,877,764 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $16,486,686 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $16,486,686 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $4,401,895 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $1,282,462 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $1,283,888 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $16,250,086 | CorporateStockBOYAmt |
| Corporate Stock EOY | $13,764,659 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $27,107,081 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $2,963,894 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $882,296 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $862,439 | CorporateBondsEOYFMVAmt |
| Other Assets BOY | $5,620,055 | OtherAssetsBOYAmt |
| Other Assets EOY | $6,496,055 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $6,496,055 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $35,113,694 | TotalAssetsBOYAmt |
| Total Assets EOY | $38,912,158 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $52,236,149 | 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 | $35,113,694 | RetainedEarningBOYAmt |
| Retained Earning EOY | $38,912,158 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $35,113,694 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $38,912,158 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $35,113,694 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $38,912,158 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $35,113,694 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $4,355,122 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $39,468,816 | SubtotalAmt |
| Other Decreases | $556,658 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $38,912,158 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (6 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | Cost Or Other BasisCostOrOtherBasisAmt |
|---|---|---|---|---|---|
| LONG TERM CG-GREENHAVEN | P | $2,664,206 | $2,664,206 | $2,664,206 | |
| SHORT TERM CG-GREENHAVEN | P | $2,816,576 | $2,816,576 | $2,816,576 | |
| LONG TERM CG-FIERA | P | -$11,601 | -$11,601 | $11,601 | |
| SHORT TERM CG-FIERA | P | -$30,472 | -$30,472 | $30,472 | |
| THRU PARTNERSHIP -PANCO STRATEGIC RE | P | $410 | $410 | $410 | |
| CAPITAL GAINS DIVIDENDS | P | $292,547 | $292,547 | $292,547 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $5,731,666 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $85,086 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $85,086 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $85,086 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $45,572 | 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 | $45,572 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $635 | EsPenaltyAmt |
| Tax Due | $40,149 | TaxDueAmt |
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 | CITRIN COOPERMAN | IndividualWithBooksNm |
| Phone | 6469053511 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 50 ROCKEFELLER PLZ | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10020 | 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 | 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 (2 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 |
|---|---|---|---|---|---|---|---|---|
| MICHAEL HECHT | ||||||||
| 50 ROCKEFELLER PLAZA | NEW YORK | NY | 10020 | DIRECTOR/SECRETARY/TREASURER | 1.50 | $0 | $0 | $0 |
| JOHN SILBERMAN | ||||||||
| 145 EAST 57TH STREET | NEW YORK | NY | 10022 | DIRECTOR/PRESIDENT | 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
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GREENHAVEN ASSOCIATES INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3 MANHATTANVILLE ROAD | AddressLine1Txt |
| City | PURCHASE | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10577 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | INVESTMENT ADVISORY | ServiceTypeTxt |
| Compensation | $241,458 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | MAINTAINING A COLLECTION OF WORKS OF ART AND PHOTOGRAPHS FOR EXHIBITION AND LOAN TO MUSEUMS.THE PURPOSES FOR WHICH THE FOUNDATION WAS FORMED ARE TO PROMOTE AND ENCOURAGE KNOWLEDGE AND APPRECIATION OF ART, IRRESPECTIVE OF ITS MEDIUM, BY EXHIBITION AND OTHER PROMOTION THEREOF AND BY AID AND SUPPORT BY GIFTS, LOANS, CONTRIBUTIONS OR OTHERWISE, TO OTHER CORPORATIONS, COMMUNITY CHESTS, FUNDS, FOUNDATIONS, MUSEUMS AND LIKE ORGANIZATIONS WHICH ARE ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES INCLUDING, WITHOUT LIMITATION, CULTURAL AND EDUCATIONAL EXCHANGE. | Description1Txt |
| Expenses1 | $36,131 | Expenses1Amt |
| Description2 | CONTINUATION OF ACTIVITY ONE - ERWISE ATTEMPTING TO INFLUENCE LEGISLATION, AND WHICH DO NOT PARTICIPATE IN OR INTERVENE IN (INCLUDING THE PUBLISHING OR DISTRIBUTION OF STATEMENTS) ANY POLITICAL CAMPAIGN ON BEHALF OF ANY CANDIDATE FOR PUBLIC OFFICE. THE ACTIVITIES OF THE FOUNDATION OR ANY OF SUCH ORGANIZATIONS DESCRIBED IN THE FOREGOING SENTENCE MAY INCLUDE, WITHOUT LIMITATION, EXHIBITION, EXCHANGE AND OTHER CULTURAL AND EDUCATIONAL EXPLOITATION OF ART IRRESPECTIVE OF ITS MEDIUM, PROMOTING RECOGNITION OF AND RESPECT FOR, ART THROUGH EDUCATION OF ARTISTS AND THE PUBLIC AND, GENERALLY, TO SUPPORT EFFORTS TO PROMOTE GREATER INTEREST AND UNDERSTANDING OF ART. | Description2Txt |
| Expenses2 | $0 | Expenses2Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | YALE UNIVERSITY - ARTWORK | Description1Txt |
| Expenses1 | $876,000 | Expenses1Amt |
| All Other Program Rltd Invst Tot | $0 | AllOtherProgramRltdInvstTotAmt |
| Total | $876,000 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $30,160,792 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $13,194,956 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $1,113,237 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $44,468,985 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $44,468,985 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $667,035 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $43,801,950 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,190,098 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $2,190,098 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $85,086 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $85,086 | TotalTaxAmt |
| Distributable Before Adj | $2,105,012 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $2,105,012 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $2,105,012 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,766,131 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $876,000 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $2,642,131 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $2,642,131 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $2,105,012 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $1,725,629 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,766,131 | QualifyingDistributionsAmt |
| Applied To Year1 | $1,725,629 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $40,502 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $2,064,510 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| FIDELITY CHARITABLE | |||||||
| PO BOX 770001 | CINCINNATI | OH | 45277 | NONE | PC | GENERAL SUPPORT | $854,000 |
| YALE UNIVERSITY ART GALLERY | |||||||
| 1111 CHAPEL ST | NEW HAVEN | CT | 06510 | NONE | PC | 2 PIECES OF ARTWORK LOANED YALE UNIVERSITY ART GALLERY | $876,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,730,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $446,899 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 01 | ExclusionCd |
| Exclusion | $280,468 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $5,731,666 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $6,459,033 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $6,459,033 | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| PREPARATION OF ANNUAL REPORT & 990-PF | $17,121 | $0 | $17,121 |
| BOOKKEEPING | $17,120 | $17,120 | $0 |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NONE | Desc |
| Amt | $0 | Amt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (12 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| TORONTO-DOMINION BANK MTN | $69,107 | $68,399 |
| UNITEDHEALTH GROUP INC | $73,848 | $73,314 |
| GILEAD SCIENCES INC | $67,933 | $65,760 |
| JOHNSON & JOHNSON | $82,296 | $79,855 |
| CHEVRON CORP | $66,039 | $64,648 |
| MICROSOFT CORP | $76,874 | $74,360 |
| JPMORGAN CHASE & CO | $70,452 | $69,663 |
| COMCAST CORP | $63,876 | $62,932 |
| PEPSICO INC | $82,163 | $80,020 |
| BK OF AMER CORP | $87,101 | $83,412 |
| US BANCORP | $78,066 | $75,194 |
| BP CAP MARKETS AMER | $64,541 | $64,882 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (13 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| D R HORTON INC | $148,544 | $503,820 |
| GENERAL MOTORS CO | $1,452,568 | $2,503,725 |
| GOLDMAN SACHS GROUP | $1,333,197 | $3,024,240 |
| LENNAR CORP CLASS A | $1,124,251 | $2,435,680 |
| LENNAR CORP CLASS B | $27,176 | $57,261 |
| TOLL BROTHERS INC | $293,193 | $558,429 |
| WHIRLPOOL CORP | $672,032 | $1,590,108 |
| FIDELITY TOTAL MARKET INDEX FUND | $1,465,369 | $4,932,651 |
| FIDELITY EXTENDED MARKET INDEX | $2,279,547 | $5,042,027 |
| FIDELITY 500 INDEX FUND | $1,109,232 | $2,031,697 |
| FIERA CAP US EQUITY-INST | $787,203 | $937,288 |
| INVESCO QQQ TRUST SERIES 1 | $1,532,940 | $1,730,737 |
| VANGUARD S&P 500 ETF | $1,539,407 | $1,759,418 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $1,282,462 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $1,283,888 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $0 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $0 | StateLocalSecEOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES IN CONNECTION WITH TAX EXEMPT ACTIVITIES | CategoryTxt |
| Legal Fees | $8,741 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $8,741 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | WORKS OF ART | Desc |
| BOY Book Value | $5,620,055 | BOYBookValueAmt |
| EOY Book Value | $6,496,055 | EOYBookValueAmt |
| EOYFMV | $6,496,055 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PRIOR PERIOD ADJUSTMENT | Desc |
| Amt | $556,658 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| ART EXPENSES | $940 | $0 | $940 |
| INSURANCE | $5,865 | $0 | $5,865 |
| FILING FEES | $1,264 | $0 | $1,264 |
| PUBLIC INSPECTION AD | $160 | $0 | $160 |
| ORDINARY LOSS ON PARTNERSHIP | $76,038 | $76,038 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| OTHER DEDUCTIONS | -$616 | -$616 | $0 |
| BOOK TAX DIFFERENCE | -$75 | $0 | $0 |
| SECTION 1231 GAIN | $281,159 | $281,159 | $0 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INVESTMENT & CUSTODIAL FEES | $244,622 | $244,622 | $0 |
| OTHER CONSULTING FEE | $2,040 | $0 | $2,040 |