VISA FOUNDATION: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- VISA FOUNDATION (EIN 81-4503596)
- Tax period
- 2020-10-01 to 2021-09-30
- Filed
- 2022-08-15
- IRS object ID
- 202222279349100522
- Schema version
- 2020v4.1
- 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
- Depreciation Schedule
- Expenditure Responsibility Stmt
- General Explanation Attachment
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Reasonable Cause Explanation
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-08-15T11:40:18-05:00 | ReturnTs |
| Tax Period End | 2021-09-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FOUNDATION SOURCE | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE HOLLOW LN STE 212 | AddressLine1Txt |
| City | LAKE SUCCESS | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11042 | 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 | 814503596 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Visa Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Foundation Source | InCareOfNm |
| Business Name Control | VISA | BusinessNameControlTxt |
| Phone | 8008391754 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 Market Street Suite 600 | AddressLine1Txt |
| City | San Francisco | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94105 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Graham Macmillan | PersonNm |
| Person Title | President | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2022-08-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Graham | PersonFirstNm |
| Person Last | Macmillan | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jeffrey D Haskell | PreparerPersonNm |
| PTIN | P01345770 | PTIN |
| Phone | 8008391754 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | TrustedCustomerGrp |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 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 | $515,025,854 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $35,975 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $35,975 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $7,094,598 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $7,094,598 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $68,096,907 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $281,781,786 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $68,096,907 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $896 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $896 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $896 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $75,228,376 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $75,228,376 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $896 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $21,000 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $21,000 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $884,128 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $675,915 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $208,213 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $1,036,100 | TaxesRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $176,146 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $176,146 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $2,117,374 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $675,915 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $405,359 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $25,981,450 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $25,981,450 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $28,098,824 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $675,915 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $26,386,809 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $47,129,552 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $74,552,461 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $896 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $9,192,449 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $23,395,789 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $23,395,789 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $395,797,856 | CorporateStockBOYAmt |
| Corporate Stock EOY | $415,824,921 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $478,718,786 | CorporateStockEOYFMVAmt |
| Other Investments EOY | $9,442,882 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $9,455,014 | OtherInvestmentsEOYFMVAmt |
| Other Assets EOY | $3,456,265 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $3,456,265 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $404,990,305 | TotalAssetsBOYAmt |
| Total Assets EOY | $452,119,857 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $515,025,854 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $404,990,305 | RetainedEarningBOYAmt |
| Retained Earning EOY | $452,119,857 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $404,990,305 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $452,119,857 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $404,990,305 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $452,119,857 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $404,990,305 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $47,129,552 | ExcessRevenueOverExpensesAmt |
| Subtotal | $452,119,857 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $452,119,857 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | Publicly-traded Securities | PropertyDesc |
| Gross Sales Price | $281,781,786 | GrossSalesPriceAmt |
| Cost Or Other Basis | $213,684,879 | CostOrOtherBasisAmt |
| Gain Or Loss | $68,096,907 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $68,096,907 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $68,096,907 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $1,036,279 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $1,036,279 | SubtotalAmt |
| Tax Based On Investment Income | $1,036,279 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $991,751 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $65,700 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $1,057,451 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $319 | EsPenaltyAmt |
| Overpayment | $20,853 | OverpaymentAmt |
| Applied To ES Tax | $20,853 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | Yes (true) | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8008391754 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 501 Silverside Road Suite 123 | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (true) | MaintainedExpenditureRspnsInd |
| 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 (14 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 |
|---|---|---|---|---|---|---|---|---|
| Brooke D Arena | ||||||||
| 1 Market Street Suite 600 | San Francisco | CA | 94105 | Sec | 1.0 | $0 | $0 | $0 |
| Lynne Biggar | ||||||||
| 1 Market Street Suite 600 | San Francisco | CA | 94105 | Dir | 1.0 | $0 | $0 | $0 |
| Michelle Gethers-Clark | ||||||||
| 1 Market Street Suite 600 | San Francisco | CA | 94105 | Dir | 1.0 | $0 | $0 | $0 |
| Beth Hurvitz | ||||||||
| 1 Market Street Suite 600 | San Francisco | CA | 94105 | Dir | 1.0 | $0 | $0 | $0 |
| Alfred F Kelly Jr | ||||||||
| 1 Market Street Suite 600 | San Francisco | CA | 94105 | Dir | 1.0 | $0 | $0 | $0 |
| Najada Kumbuli | ||||||||
| 1 Market Street Suite 600 | San Francisco | CA | 94105 | Head of Mission Investments | 1.0 | $0 | $0 | $0 |
| Graham Macmillan | ||||||||
| 1 Market Street Suite 600 | San Francisco | CA | 94105 | Pres, Dir | 1.0 | $0 | $0 | $0 |
| Ryan McInerney | ||||||||
| 1 Market Street Suite 600 | San Francisco | CA | 94105 | Dir | 1.0 | $0 | $0 | $0 |
| Robert Meloche | ||||||||
| 1 Market Street Suite 600 | San Francisco | CA | 94105 | Head of Programs | 1.0 | $0 | $0 | $0 |
| Colleen Ostrowski | ||||||||
| 1 Market Street Suite 600 | San Francisco | CA | 94105 | Treas | 1.0 | $0 | $0 | $0 |
| Payal Pathak | ||||||||
| 1 Market Street Suite 600 | San Francisco | CA | 94105 | Program Officer | 1.0 | $0 | $0 | $0 |
| Vasant Prabhu | ||||||||
| 1 Market Street Suite 600 | San Francisco | CA | 94105 | Dir | 1.0 | $0 | $0 | $0 |
| Bill Sheedy | ||||||||
| 1 Market Street Suite 600 | San Francisco | CA | 94105 | Dir, Chair of the Board | 1.0 | $0 | $0 | $0 |
| Kelly Mahon Tullier | ||||||||
| 1 Market Street Suite 600 | San Francisco | CA | 94105 | Dir | 1.0 | $0 | $0 | $0 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Sonen Capital LLC | |||||
| 456 Montgomery Suite 400 | San Francisco | CA | 94104 | Investment Mgmt | $400,000 |
| Foundation Source | |||||
| 55 Walls Drive 3rd Fl | Fairfield | CT | 06824 | Administrative | $173,400 |
| FT Publications Inc | |||||
| 330 Hudson Street 8th Floor | New York | NY | 10013 | Event Planning | $136,000 |
| Reos US Inc | |||||
| 1 Broadway 14th Floor | Cambridge | MA | 02142 | Philanthropic | $131,940 |
| Wells Fargo Bank NA Trust Operations | |||||
| NW 5159 PO Box 1450 | Minneapolis | MN | 554855159 | Investment Mgmt | $71,165 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 100 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | LEARNING LAB - AIMS TO AUGMENT THE EQUITABLE ACCESS INITIATIVE VIA A PORTFOLIO-WIDE LEARNING AGENDA, CAPACITY BUILDING FOR PARTNERS & DISSEMINATION OF LEARNINGS | Description1Txt |
| Expenses1 | $131,940 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | CALIFORNIA REBUILDING FUND, LLC PRI- TO ADDRESS THE CAPITAL NEEDS OF ELIGIBLE SMALL BUSINESSES OF CALIFORNIA, AS THEY RE-OPEN AND RECOVER FROM THE COVID-19 PANDEMIC | Description1Txt |
| Expenses1 | $1,671,647 | Expenses1Amt |
| Description2 | ROOT CAPITAL PRI - TO FINANCE COMMUNITY-BASED ENTERPRISES THAT ARE CONSIDERED TO BE PART OF WOMEN IN AGRICULTURE INITIATIVE | Description2Txt |
| Expenses2 | $1,000,000 | Expenses2Amt |
| All Other Program Rltd Invst Tot | $784,618 | AllOtherProgramRltdInvstTotAmt |
| Total | $3,456,265 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $474,001,408 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $25,355,304 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $378,867 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $499,735,579 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $499,735,579 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $7,496,034 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $492,239,545 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $24,611,977 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $24,611,977 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $1,036,279 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $1,036,279 | TotalTaxAmt |
| Distributable Before Adj | $23,575,698 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $23,575,698 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $23,575,698 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $26,386,809 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $3,456,265 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $29,843,074 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $29,843,074 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $23,575,698 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $14,638,896 | UndistributedIncomePYAmt |
| Prior Year1 | 2018 | PriorYear1Yr |
| Prior Year2 | 2017 | PriorYear2Yr |
| Prior Year3 | 2016 | PriorYear3Yr |
| Qualifying Distributions | $29,843,074 | QualifyingDistributionsAmt |
| Applied To Year1 | $14,638,896 | AppliedToYear1Amt |
| Applied To Current Year | $15,204,178 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Undistributed Income CY | $8,371,520 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $0 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NONE | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (42 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line1RecipientForeignAddress/AddressLine1Txt | CityRecipientForeignAddress/CityNm | CountryRecipientForeignAddress/CountryCd | Foreign PostalRecipientForeignAddress/ForeignPostalCd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ACCION INTERNATIONAL | |||||||||||
| 10 FAWCETT ST STE 204 | CAMBRIDGE | MA | 02138 | N/A | PC | To support their research efforts on topics that include the growth of SMBs through access to finance, and identifying barriers to full participation in the capital ecosystem | $250,000 | ||||
| ADVERTISING COUNCIL INC | |||||||||||
| 815 SECOND AVE 9TH FLOOR | NEW YORK | NY | 10017 | N/A | PC | To support the COVID-19 Vaccine Education Initiative, a national communications initiative to create messaging on a comprehensive approach to defeat COVID-19 and its effects, with a focus on the uptake of the vaccines, but also addressing other COVID-19 related issues. | $50,000 | ||||
| AKHUWAT USA | |||||||||||
| 21250 HAWTHORNE BLVD STE 500 | TORRANCE | CA | 90503 | N/A | PC | For support of COVID-19 relief loans with an emphasis on female-led small businesses | $250,000 | ||||
| AMERICAN NATIONAL RED CROSS | |||||||||||
| 431 18TH ST NW | WASHINGTON | DC | 20006 | N/A | PC | For support of the Philippines: Typhoon Goni emergency appeal fund to deliver assistance and support early recovery of the people affected by Typhoon Goni | $100,000 | ||||
| AMERICAN NATIONAL RED CROSS | |||||||||||
| 431 18TH ST NW | WASHINGTON | DC | 20006 | N/A | PC | For support of Central America: Hurricane Eta emergency appeal fund to deliver assistance and support early recovery of the people affected by the Hurricane Eta. | $250,000 | ||||
| AMERICAN NATIONAL RED CROSS | |||||||||||
| 1663 MARKET ST | SAN FRANCISCO | CA | 94103 | N/A | PC | To support the Red Cross response for the floods in Western Europe | $100,000 | ||||
| AMERICAN NATIONAL RED CROSS | |||||||||||
| 1663 MARKET ST | SAN FRANCISCO | CA | 94103 | N/A | PC | Global appeal fund to support two National Societies - Democratic Republic of Congo Red Cross Society and Rwanda Red Cross Society to deliver humanitarian assistance to and support early recovery for some 80,0000 people in the Democratic Republic of Congo (70,000 people) and Rwanda (10,000 people) affected by multiple hazards and compounding humanitarian vulnerabilities caused by the eruption of Mount Nyiragongo | $250,000 | ||||
| AMERICAN NATIONAL RED CROSS | |||||||||||
| 431 18TH ST NW | WASHINGTON | DC | 20006 | N/A | PC | annual AGDP Fund | $500,000 | ||||
| ASIA FOUNDATION | |||||||||||
| 465 CALIFORNIA ST 9TH FL | SAN FRANCISCO | CA | 94104 | N/A | PC | For support of the Accelerate Women's Entrepreneurship and Access to Capital program in Cambodia and the Philippines | $500,000 | ||||
| BRAC USA INC | |||||||||||
| 110 WILLIAM ST 18TH FLOOR | NEW YORK | NY | 10038 | N/A | PC | For support of economic recovery for microenterprises in Bangladesh | $500,000 | ||||
| CATHOLIC CHARITIES OF THE ARCHDIOCESE OF NEW YORK | |||||||||||
| 1011 1ST AVE | NEW YORK | NY | 10022 | N/A | PC | For support of eviction prevention programs as well as COVID-19 relief efforts | $50,000 | ||||
| CIVIC NATION | |||||||||||
| 1415 CHAPIN ST NW 208 | WASHINGTON | DC | 20009 | N/A | PC | To support Made to Save: A national public education and grassroots mobilization effort to build trust in the COVID-19 vaccines and increase access for BIPOC communities whose health inequities have been exacerbated by the pandemic | $500,000 | ||||
| CIVIL RIGHTS FOUNDATION INC | |||||||||||
| 561 7TH AVE 14TH FLOOR | NEW YORK | NY | 10018 | N/A | PC | to support the creation of a Museum of Civil rights | $50,000 | ||||
| COMPASS FAMILY SERVICES | |||||||||||
| 37 GROVE ST | SAN FRANCISCO | CA | 94102 | N/A | PC | To support CFS core operating and capacity building efforts to prevent and end family homelessness in San Francisco | $500,000 | ||||
| EDUCATION FOR EMPLOYMENT | |||||||||||
| PO BOX 117 | NEW YORK | NY | 10150 | N/A | PC | To support the Economically Empowering Egyptian Young Women program, creating inclusive economic growth by supporting women's employment in Egypt through job placement and entrepreneurship training | $250,000 | ||||
| GAVI ALLIANCE | |||||||||||
| 2099 PENNSYLVANIA AVE NW STE 200 | WASHINGTON | DC | 20006 | N/A | PC | To provide access to the COVID-19 vaccine in 92 low- and middle-income economies through its COVAX AMC Facility | $4,500,000 | ||||
| HOWARD UNIVERSITY | |||||||||||
| 2400 6TH ST NW | WASHINGTON | DC | 20059 | N/A | PC | to support the Marriott-Sorenson Center for Hospitality Leadership, contributing to the growth of a pipeline of Black professionals in an industry in which executives of color are underrepresented | $100,000 | ||||
| IMPACTASSETS INC | |||||||||||
| 4340 EAST WEST HWY STE 210 | BETHESDA | MD | 20814 | N/A | PC | For support of the GenderSmart Investing Summit and the Justice, Equity, Diversity & Inclusion (JEDI) Initiative, through an entity such as GenderSmart | $100,000 | ||||
| INSTITUTO REDE MULHER EMPREENDEDORA - IRME | |||||||||||
| N/A | PC | To support women entrepreneurs in Brazil to recover from the economic impact of COVID-19 by maintenance or increase of their income through business digital transformation and seed money | $500,000 | RUA CARLOS VILLALVA 118 CONJ 21/22 | SAO PAULO | BR | 04307000 | ||||
| INTERNATIONAL FUND FOR AGRICULTURAL DEVELOPMENT | |||||||||||
| N/A | PC | To support financial inclusion by facilitating access to financial tools; supporting low-income women and women-owned enterprises, and by supporting the development and scaling of sustainable financial services products | $1,750,000 | VIA PAOLO DI DONO 44 | ROMA | IT | 00142 | ||||
| JOBTRAIN INC | |||||||||||
| 1200 OBRIEN DR | MENLO PARK | CA | 94025 | N/A | PC | To support employment training and other services delivered in conjunction with the Maple Street Correctional Center | $10,000 | ||||
| KING BAUDOUIN FOUNDATION UNITED STATES INC | |||||||||||
| 10 ROCKEFELLER PL 16TH FL | NEW YORK | NY | 10020 | N/A | PC | To support a project such as the Desmond and Leah Tutu Legacy Foundation along with their The Courageous Conversations Programme, The Leadership Programme and general support | $200,000 | ||||
| KIVA MICROFUNDS | |||||||||||
| 875 HOWARD ST SUITE 340 | SAN FRANCISCO | CA | 94103 | N/A | PC | K-DAF | $423,423 | ||||
| LOCAL INITIATIVES SUPPORT CORPORATION | |||||||||||
| 28 LIBERTY ST 34TH FL | NEW YORK | NY | 10005 | N/A | PC | For support of increasing small business resiliency for women entrepreneurs of color | $1,500,000 | ||||
| MERCY CORPS | |||||||||||
| PO BOX 37800 | BOONE | IA | 50037 | N/A | PC | For support of the COVID-19 Recovery for Small and Micro Businesses program in Indonesia, Thailand and Timor Leste | $1,000,000 | ||||
| MISSION INVESTORS EXCHANGE INC | |||||||||||
| 105 W 86TH ST NO 358 | NEW YORK | NY | 10024 | N/A | PC | To support the resource library as well as the working group for corporate foundations committed to racial and gender equity investing | $50,000 | ||||
| NEW VENTURE FUND | |||||||||||
| PO BOX 37734 | BALTIMORE | MD | 21297 | N/A | PC | Tipping Point Fund | $250,000 | ||||
| NEW YORK UNIVERSITY | |||||||||||
| 25 W 4TH ST 4TH FL | NEW YORK | NY | 10012 | N/A | PC | to support the Visa Foundation-NYU Stern MBA Fellowship Program: Advancing Women in Sustainable Finance | $257,400 | ||||
| OMPRAKASH INC | |||||||||||
| 2311 N 45TH ST | SEATTLE | WA | 98103 | N/A | PC | To support catalyzing women's health ventures in Latin America, through an entity such as New Ventures | $25,000 | ||||
| OPPORTUNITY INTERNATIONAL INC | |||||||||||
| 550 WEST VAN BUREN STE 200 | CHICAGO | IL | 60607 | N/A | PC | To support the Economic Recovery and Rebuild Initiative (ERRI) to be deployed in Ghana, Uganda, and the Democratic Republic of Congo (DRC), providing financing and technical support to SMBs hit hard by the COVID-19 pandemic | $1,000,000 | ||||
| POLICYLINK | |||||||||||
| 1438 WEBSTER ST STE 303 | OAKLAND | CA | 94612 | N/A | PC | Black Future Opportunity, Inc. | $1,000,000 | ||||
| PRO MUJER INC | |||||||||||
| 240 WEST 35TH ST SUITE 404 | NEW YORK | NY | 10001 | N/A | PC | To promote inclusive economic growth and support women-run micro and small businesses in Latin America through the development of an online educational platform | $1,000,000 | ||||
| SERVICE LEAGUE OF SAN MATEO COUNTY | |||||||||||
| 727 MIDDLEFIELD RD | REDWOOD CITY | CA | 94063 | N/A | PC | To support work to provide transitional housing and other services delivered in conjunction with the Maple Street Correctional Center | $10,000 | ||||
| SINGA GLOBAL | |||||||||||
| N/A | PC | To support newcomer entrepreneurship across Europe | $1,000,000 | 50 RUE DE MONTREUIL | PARIS | FR | 75011 | ||||
| TECHNOSERVE INC | |||||||||||
| 1777 N KENT ST SUITE 1100 | ALRINGTON | VA | 22209 | N/A | PC | support of PRAKRITI Phase 3 Extension | $250,000 | ||||
| TECHNOSERVE INC | |||||||||||
| 1777 N KENT ST SUITE 1100 | ALRINGTON | VA | 22209 | N/A | PC | For support of the COVID-19 Recovery for Small and Micro Businesses program in Sub-Saharan Africa and Latin America and the Caribbean | $1,000,000 | ||||
| TIDES CENTER | |||||||||||
| PO BOX 399385 | SAN FRANCISCO | CA | 94139 | N/A | PC | 1501 VC Include Support | $300,000 | ||||
| VEHICLES FOR CHANGE INC | |||||||||||
| 4111 WASHINGTON BLVD | BALTIMORE | MD | 21227 | N/A | PC | support of the VFC Training Program Expansion | $165,000 | ||||
| VILCAP INC | |||||||||||
| 1101 K ST NW STE 920 | WASHINGTON | DC | 20005 | N/A | PC | To support the Women's Entrepreneurship Acceleration Initiative | $467,000 | ||||
| VILCAP INC | |||||||||||
| 1101 K ST NW STE 920 | WASHINGTON | DC | 20005 | N/A | PC | To support Accelerating Women-Led Sustainability SMBs Across Europe | $1,000,000 | ||||
| WINROCK INTERNATIONAL INSTITUTE FOR AGRICULTURAL D | |||||||||||
| 204 E 4TH ST | N LITTLE ROCK | AR | 72114 | N/A | PC | To support technical assistance activities within the SOAR Fund in the Southern United States | $500,000 | ||||
| WOMENS WORLD BANKING INC | |||||||||||
| 122 E 42ND ST FL 42 | NEW YORK | NY | 10168 | N/A | PC | General & Unrestricted | $3,523,627 | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $25,981,450 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $35,975 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $7,094,598 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Incm Part VII | OtherInvestmentIncmPartVIIGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $68,096,907 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INTEREST INCOME FROM PRIS | Desc |
| Related Or Exempt Function Incm | $896 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $75,227,480 | ExclusionAmt |
| Related Or Exempt Function Incm | $896 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $75,228,376 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 11 | LineNumberTxt |
| Relationship Statement | SIGNIFICANTLY CONTRIBUTED TO THE FOUNDATION'S MISSION OF addressing the capital needs of eligible small businesses of California, as they re-open and recover from the COVID-19 pandemic | RelationshipStatementTxt |
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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Audit Fees | CategoryTxt |
| Amt | $21,000 | Amt |
| Disbursements Charitable Prps | $21,000 | DisbursementsCharitablePrpsAmt |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SOUTHERN OPPORTUNITY AND RESILIENCE FUND LLC PRI- FACILITATE ECONOMIC RECOVERY OF SMALL BUSINESSES AND NONPROFITS THAT HAVE EXPERIENCED DIRECT ECONOMIC HARDSHIP FROM COVID-19 | Desc |
| Amt | $784,618 | Amt |
Depreciation Schedule DepreciationSchedule
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | GrantGrantDt | GrantGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Expended By GranteeExpendedByGranteeAmt | Any Diversion By GranteeAnyDiversionByGranteeTxt | Dates Of Reports By GranteeDatesOfReportsByGranteeTxt | Results Of VerificationResultsOfVerificationTxt |
|---|---|---|---|---|---|---|---|---|---|---|
| IMPACT ALPHA | ||||||||||
| 2009 FRANCISCO STREET | BERKELEY | CA | 94709 | 2020-01-17 | $50,000 | EDUCATNL PROGRAM & REPORTING WOMEN ECON EMPOWERMENT VIA IMPACT INVESTING ENTREPRENEURSHIP BUS GRWTH | $50,000 | NO | 10/5/21 | NONE NECESSARY |
| SOUTHERN OPPORTUNITY AND RESILIENCE FUND | ||||||||||
| 1825 K Street NW Suite 1100 | Washington | DC | 20006 | 2021-09-07 | $784,618 | PRI LOAN-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION | NO | SEE GENERAL EXPLANATION ATTACHMENT | THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE. | |
| CALIFORNIA REBUILDING FUND LLC | ||||||||||
| 986 Mission Street 4th Floor | San Francisco | CA | 94103 | 2021-09-07 | $322,564 | PRI LOAN-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION | NO | SEE GENERAL EXPLANATION ATTACHMENT | THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE. | |
| CALIFORNIA REBUILDING FUND LLC | ||||||||||
| 986 Mission Street 4th Floor | San Francisco | CA | 94103 | 2021-09-21 | $432,412 | PRI LOAN-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION | NO | SEE GENERAL EXPLANATION ATTACHMENT | THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE. | |
| CALIFORNIA REBUILDING FUND LLC | ||||||||||
| 986 Mission Street 4th Floor | San Francisco | CA | 94103 | 2021-09-30 | $916,671 | PRI LOAN-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION | NO | See General Explanation for Report Dates | THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE. | |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp (5 entries)
| IdentifierIdentifierTxt | Form And Line ReferenceFormAndLineReferenceDesc | Medium ExplanationMediumExplanationTxt |
|---|---|---|
| FORM 990-PF, PART VII-B, LINE 5C - EXPENDITURE RESPONSIBILITY | FORM 990-PF, PART VII-B, LINE 5C - EXPENDITURE RESPONSIBILITY | PRI RECIPIENT: SOUTHERN OPPORTUNITY AND RESILIENCE FUND DATE OF PRI: 9/7/2021 PURPOSE OF PRI: Lenders seek to facilitate the economic recovery of small businesses and nonprofits that have experienced direct economic hardship as a result of the COVID-19 pandemic that has materially impacted their operations, thereby alleviating poverty, promoting the creation and retention of jobs, combatting community deterioration, and promoting economic revitalization of distressed communities. REPORTS OF AMOUNTS EXPENDED: SOUTHERN OPPORTUNITY AND RESILIENCE FUND IS EXPECTED TO SUBMITTED A FULL AND COMPLETE FINANCIAL REPORT OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT IN 2021. THIS INVESTMENT REMAINED ON THE FOUNDATION'S BOOKS AS OF 09/30/2021. DIVERSIONS: TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE INVESTMENT WAS ORIGINALLY MADE. |
| FORM 990-PF, PART VII-B, LINE 5C - EXPENDITURE RESPONSIBILITY | FORM 990-PF, PART VII-B, LINE 5C - EXPENDITURE RESPONSIBILITY | PRI RECIPIENT: CALIFORNIA REBUILDING FUND, LLC DATE OF PRI: 9/7/2021 PURPOSE OF PRI: Borrower is sponsoring a public-private program that will use the proceeds of funding provided by financial institutions, including the Lenders, other private investors, the State of California's Infrastructure and Economic Development Bank and philanthropic investors and donors for the purpose of addressing the capital needs of eligible small businesses of California, as they re-open and recover from the COVID-19 pandemic; REPORTS OF AMOUNTS EXPENDED: CALIFORNIA REBUILDING FUND, LLC IS EXPECTED TO SUBMITTED A FULL AND COMPLETE FINANCIAL REPORT OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT IN 2021. THIS INVESTMENT REMAINED ON THE FOUNDATION'S BOOKS AS OF 09/30/2021. DIVERSIONS: TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE INVESTMENT WAS ORIGINALLY MADE. |
| FORM 990-PF, PART VII-B, LINE 5C - EXPENDITURE RESPONSIBILITY | FORM 990-PF, PART VII-B, LINE 5C - EXPENDITURE RESPONSIBILITY (CONT.) | PRI RECIPIENT: CALIFORNIA REBUILDING FUND, LLC DATE OF PRI: 9/21/2021 PURPOSE OF PRI: Borrower is sponsoring a public-private program that will use the proceeds of funding provided by financial institutions, including the Lenders, other private investors, the State of California's Infrastructure and Economic Development Bank and philanthropic investors and donors for the purpose of addressing the capital needs of eligible small businesses of California, as they re-open and recover from the COVID-19 pandemic; REPORTS OF AMOUNTS EXPENDED: CALIFORNIA REBUILDING FUND, LLC IS EXPECTED TO SUBMITTED A FULL AND COMPLETE FINANCIAL REPORT OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT IN 2021. THIS INVESTMENT REMAINED ON THE FOUNDATION'S BOOKS AS OF 09/30/2021. DIVERSIONS: TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE INVESTMENT WAS ORIGINALLY MADE. |
| FORM 990-PF, PART VII-B, LINE 5C - EXPENDITURE RESPONSIBILITY | FORM 990-PF, PART VII-B, LINE 5C - EXPENDITURE RESPONSIBILITY (CONT.) | PRI RECIPIENT: CALIFORNIA REBUILDING FUND, LLC DATE OF PRI: 9/30/2021 PURPOSE OF PRI: Borrower is sponsoring a public-private program that will use the proceeds of funding provided by financial institutions, including the Lenders, other private investors, the State of California's Infrastructure and Economic Development Bank and philanthropic investors and donors for the purpose of addressing the capital needs of eligible small businesses of California, as they re-open and recover from the COVID-19 pandemic; REPORTS OF AMOUNTS EXPENDED: CALIFORNIA REBUILDING FUND, LLC IS EXPECTED TO SUBMITTED A FULL AND COMPLETE FINANCIAL REPORT OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT IN 2021. THIS INVESTMENT REMAINED ON THE FOUNDATION'S BOOKS AS OF 09/30/2021. DIVERSIONS: TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE INVESTMENT WAS ORIGINALLY MADE. |
| Form 8865 | Form 8865 | The Foundation has prepared this form to the best of its ability based on the limited information provided to it by the investment on which the Foundation is reporting and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information. |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (4 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| DODGE & COX FUNDS INTERNATIONA | $41,083,394 | $44,934,314 |
| PIMCO FUNDS TOTAL RETURN FUND | $129,414,049 | $124,781,628 |
| VANGUARD ESG US STOCK ETF | $207,985,933 | $249,514,996 |
| VANGUARD EXTENDED MARKET INDEX | $37,341,545 | $59,487,848 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| COMMUNITY EM CREDIT FUND I LP | $5,000,000 | $5,000,000 |
| COVID-19 EMERGING & FRONTIERS | $4,442,882 | $4,455,014 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (3 entries)
| DescDesc | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| PRI - CALIFORNIA REBUILDING FU | $1,671,647 | $1,671,647 |
| PRI - ROOT CAPITAL - 1.75% - 0 | $1,000,000 | $1,000,000 |
| PRI - SOUTHERN OPPORTUNITY AND | $784,618 | $784,618 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| Administrative Fees | $173,400 | $173,400 |
| Postage/Delivery Service | $93 | $93 |
| State or Local Filing Fees | $255 | $255 |
| FOUNDATION DUES & MEMBERSHIPS | $1,900 | $1,900 |
| REGISTERED AGENT FEE | $498 | $498 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Interest Income from PRIs | Desc |
| Revenue And Expenses Per Books | $896 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $896 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $896 | AdjustedNetIncomeAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| EVENT PLANNING | $136,000 | $136,000 | |
| Investment Management Services | $539,915 | $539,915 | |
| Philanthropic Consulting Srvcs | $208,213 | $208,213 |
Reasonable Cause Explanation ReasonableCauseExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | The Foundation's tax preparer is located in Nassau County, NY, which, per IRS release NY-2021-01 announced on September 9, 2021, is included in the list of localities that constitute a covered disaster area for purposes of Treas. Reg. Sec. 301.7508A-1(d)(2) and are entitled to tax relief due to Hurricane Ida. Additional time was needed to calculate and transmit the tax payment. Therefore, Form 2220 indicates that the Q3 or Q4 estimated tax payment made on or before the extended deadline of February 15, 2022 was, in fact, made timely on the original due date of such payment. We respectfully request that no late payment penalties be assessed in connection with such payment(s) per Treas. Reg. Sec. 301.7508A-1(c)(1). | ExplanationTxt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt |
|---|---|
| 990-PF Estimated Tax for 2021 | $984,700 |
| 990-PF Extension for 2020 | $51,400 |