2022-10-13T15:01:18-05:00 2021-12-31 FOUNDATION SOURCE 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2021-05-13 870848645 Tremont Charitable Foundation % Foundation Source FOUN 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 katherine flegel president 8008391754 2022-09-08 true katherine flegel 999009999 Jeffrey D Haskell P01345770 8008391754 2021 2022-09-23 18:48:47Z X X 13237 X 1612457 56 56 3596 3596 -6906 1426631 539586 1609203 543238 0 1933 1933 8533 8533 10466 1933 8533 1585500 1585500 1595966 1933 1594033 13237 541305 13237 13237 0 13237 13237 0 0 X 13237 0 13237 0 13237 0 13237 13237 13237 Publicly-traded Securities 1426631 887045 539586 539586 539586 7524 7524 7524 0 7600 7600 76 76 false false false false false false true true true DE true false true false false true Foundation Source 8008391754 501 Silverside Road Suite 123 Wilmington DE 198091377 false false false false false false false false false false false false false false false false false false false false false Katherine Flegal Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Pres 1.0 0 0 0 John Spitzer Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Sec, Treas 1.0 0 0 0 363844 48640 0 412484 0 412484 6187 406297 12968 12968 7524 7524 5444 5444 5444 1594033 0 0 0 0 1594033 5444 2019 2018 2017 1594033 5444 1588589 1588589 0 1588589 X ABODE SERVICES 40849 FREMONT BLVD FREMONT CA 94538 N/A PC General & Unrestricted 110000 ADVENTIST DEVELOPMENT AND RELIEF AGENCY INTERNATIO 12501 OLD COLUMBIA PIKE SILVER SPRING MD 20904 N/A PC General & Unrestricted 230000 AICARDI SYNDROME FOUNDATION 3426 MAJESTIC OAKS DR ST CHARLES IL 60174 N/A PC General & Unrestricted 100000 ALL JOIN HANDS FOUNDATION LTD 2811 W POLLACK ST PHOENIX AZ 85041 N/A PC General & Unrestricted 500 AURORA THEATRE COMPANY 2081 ADDISON ST BERKELEY CA 94704 N/A PC General & Unrestricted 10000 BERKELEY EAST BAY HUMANE SOCIETY INC 2700 9TH ST BERKELEY CA 94710 N/A PC General & Unrestricted 10000 CATHOLIC CHARITIES DIOCESE OF VENICE INC 1000 PINEBROOK RD VENICE FL 34285 N/A PC General & Unrestricted 50000 CATHOLIC CHARITIES OF THE DIOCESE OF OAKLAND 433 JEFFERSON ST OAKLAND CA 94607 N/A PC General & Unrestricted 120000 CENTRAL CALIFORNIA FOOD BANK 4010 E AMENDOLA DR FRESNO CA 93725 N/A PC General & Unrestricted 5000 EAST BAY PERFORMING ARTS 1440 BROADWAY STE 405 OAKLAND CA 94612 N/A PC General & Unrestricted 10000 EQUAL JUSTICE INITIATIVE 122 COMMERCE ST MONTGOMERY AL 36104 N/A PC General & Unrestricted 50000 EQUAL OPPORTUNITY SCHOOLS 5601 6TH AVE S STE 258 SEATTLE WA 98108 N/A PC General & Unrestricted 100000 FEEDING THE GULF COAST 5248 MOBILE S ST THEODORE AL 36582 N/A PC General & Unrestricted 50000 INTERNET ARCHIVE 300 FUNSTON AVE SAN FRANCISCO CA 94118 N/A PC General & Unrestricted 1000 ISLAMIC CULTURAL CENTER OF FRESNO 2111 E NEES AVE FRESNO CA 93720 N/A PC General & Unrestricted 2000 MILO FOUNDATION PO BOX 6625 ALBANY CA 94706 N/A PC General & Unrestricted 20000 NEW ISRAEL FUND 235 MONTGOMERY ST STE 920 SAN FRANCISCO CA 94104 N/A PC Gisha Fund 50000 SYMPHONY SOCIETY OF SAN ANTONIO 342 W WOODLAWN AVE STE 100 SAN ANTONIO TX 78212 N/A PC General & Unrestricted 10000 THE ALAMEDA COUNTY COMMUNITY FOOD BANK INC PO BOX 2599 OAKLAND CA 94614 N/A PC General & Unrestricted 5000 THE CENTER FOR SCIENTIFIC INTEGRITY INC 121 W 36TH ST STE 209 NEW YORK NY 10018 N/A PC General & Unrestricted 1000 THURGOOD MARSHALL COLLEGE FUND INC 901 F ST NW STE 700 WASHINGTON DC 20004 N/A PC General & Unrestricted 100000 UNITED PALESTINIAN APPEAL INC 1330 NEW HAMPSHIRE AVE NW STE 104 WASHINGTON DC 20036 N/A PC General & Unrestricted 100000 UNIVERSITY OF CALIFORNIA BERKELEY FOUNDATION 1995 UNIVERSITY AVE STE 401 BERKELEY CA 94704 N/A PC Undergraduate Scholarship Fund 200000 UNIVERSITY OF CALIFORNIA BERKELEY FOUNDATION 1995 UNIVERSITY AVE STE 401 BERKELEY CA 94704 N/A PC The Undocumented Student Program 15000 UNIVERSITY OF CALIFORNIA BERKELEY FOUNDATION 1995 UNIVERSITY AVE STE 401 BERKELEY CA 94704 N/A PC The Underground Scholars Fund 5000 UNIVERSITY OF CALIFORNIA MERCED FOUNDATION 5200 N LAKE ROAD MERCED CA 95343 N/A PC Undergraduate Scholarship Fund 100000 UNIVERSITY OF CALIFORNIA MERCED FOUNDATION 5200 N LAKE ROAD MERCED CA 95343 N/A PC Dream Act Scholarship Fund 120000 WIKIMEDIA FOUNDATION INC PO BOX 98204 WASHINGTON DC 20090 N/A PC General & Unrestricted 11000 1585500 14 56 14 3596 18 -6906 -3254 -3254 false false false false false false false false false false X X 1 SPITZER FAMILY TRUST 1238 Martin Luther King Jr Way Berkeley CA 94709 1612457 X X 1 AGILENT TECHNOLOGIES INC A, 250 sh. 43511 2021-08-27 1 CERNER CORPORATION CERN, 320 sh. 24475 2021-08-27 1 DOMINION ENERGY INC D, 635 sh. 49765 2021-08-27 1 DOVER CORP DOV, 316 sh. 55235 2021-08-27 1 HENRY JACK & ASSOC INC JKHY, 234 sh. 41041 2021-08-27 1 LABORATORY CORP AMER HLDGS LH, 80 sh. 24109 2021-08-27 1 T. ROWE PRICE GROUP TROW, 219 sh. 48348 2021-08-27 1 PROCTER GAMBLE CO PG, 224 sh. 31854 2021-08-27 1 AMERICAN FUNDS EUROPACIFIC GROWTH FUND FEUPX, 469.238 sh. 33757 2021-08-30 1 VANGUARD SMALL CAP INDEX FD ADMIRAL SHS VSMAX, 694.276 sh. 75371 2021-08-30 1 CBRE GROUP CBRE, 915 sh. 87515 2021-08-31 1 COSTCO WHOLESALE CORPORATION COST, 208 sh. 94331 2021-08-31 1 INTUIT INTU, 178 sh. 100736 2021-08-31 1 JP MORGAN CHASE JPM, 505 sh. 81653 2021-08-31 1 KEYSIGHT TECHNOLOGIES INC KEYS, 495 sh. 88647 2021-08-31 1 ELI LILLY & CO LLY, 363 sh. 95048 2021-08-31 1 MICROSOFT CORP MSFT, 305 sh. 92404 2021-08-31 1 PEPSICO INC PEP, 543 sh. 84656 2021-08-31 Form 990-PF, Part XII, Line 7 Form 990-PF, Part XII, Line 7 Amount Treated as Distributions out of Corpus to Satisfy Section 170(b)(1)(F)(ii) Tremont Charitable Foundation (the "Foundation") hereby elects to satisfy the requirements of Internal Revenue Code ("Code") Section 170(b)(1)(F)(ii) in respect of contributions of cash and publicly traded securities with a total value of $1,612,457 on the dates received in the taxable year ending December 31, 2021 (the "Conduit Election Year"). To satisfy the requirements of Code Section 170(b)(1)(F)(ii), a private non-operating foundation must: (A) by the end of the Conduit Election Year, distribute any undistributed income from the year immediately preceding the Conduit Election Year; (B) distribute, in the absence of an election under Code Section 4942(h)(2), any undistributed income from the Conduit Election Year by the end of the Conduit Election Year; and (C) make qualifying distributions treated as distributions out of corpus by no later than the 15th day of the third month of the taxable year following the Conduit Election Year in an amount equal to 100 percent of the value of the contributions received by such foundation in the Conduit Election Year. A. Satisfaction of Minimum Distribution Requirement for the Conduit Election Year. As reported on Part XII, Line 2, column (c), the undistributed income for the year immediately preceding the Conduit Election Year is $0. In other words, the Foundation had no undistributed income for 2021. B. Timely Satisfaction of Minimum Distribution Requirement for the Taxable Year following the Conduit Election Year. As reported on Part XII, Line 6f, column (d), the undistributed income for the Conduit Election Year is $0. In other words, the Foundation had no undistributed income for 2021. C. Sufficient Timely Qualified Distributions Made Out of Corpus. To satisfy the requirements of Internal Revenue Code Section 170(b)(1)(F)(ii), the Foundation had until March 15, 2022, the 15th day of the third month of the taxable year following the Conduit Election Year, to make distributions out of corpus in an amount equal to 100 percent of the contributions received by it in the Conduit Election Year, $1,612,457. 1. As reported on Part XII, Line 4, the Foundation made 2021 qualifying distributions of $1,594,033, of which $5,444 was applied to the 2021 distributable amount, as reflected on Part XII, Line 4d, column (d), leaving a remainder of $1,588,589, distributed out of corpus (the "Remaining 2021 Corpus Distribution"), as reflected on Part XII, Line 4e, column (a) ($1,594,033 - $5,444). 2. As reported on Part XII, Line 7, the Foundation is treating $1,588,589 ($1,588,589, the entire amount of the Remaining 2021 Corpus Distribution) as a current distribution out of corpus in partial satisfaction of the requirements of Code Section 170(b)(1)(F)(ii) in respect of the Conduit Election Year. This left a balance of $23,868 to be distributed by March 15, 2022 ($1,612,457 - $1,588,589). 3. This statement hereby confirms that the Foundation in fact made timely qualifying distributions in the amount of $23,868 between January 1 and March 15, 2022, that will be treated as distributions out of corpus in connection with contributions it received in the Conduit Election Year. As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: Typically, a finding of a substantial contraction of assets is made by reference to the fair market value of a foundation's net assets on the first day of its calendar year. However, the taxable year ending December 31, 2021 was the year in which the Foundation received its initial endowment and the finding of a substantial contraction in this case was made by reference to the fair market value of the Foundation's assets on the date that it received its initial endowment. Accordingly, the degree of contraction of the Foundation's net assets may have been exaggerated. During the taxable year ending December 31, 2021, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $1,585,500. This amount represents 25% or more of the Foundation's net assets of $10,000 (as measured by fair market value) on the day that the Foundation received its initial endowment in the Foundation's taxable year ending December 31, 2021. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein. Administrative Fees 2909 2909 Administrative Set-Up Fee 4400 4400 Delaware Incorporation Fees 500 500 IRS Application Fees 600 600 Postage/Delivery Service 124 124 Investment Management Services 1933 1933 SPITZER FAMILY TRUST 1238 Martin Luther King Jr Way Berkeley CA 94709