BERN SCHWARTZ FAMILY FOUNDATION: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- BERN SCHWARTZ FAMILY FOUNDATION (EIN 47-1141878)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-11-15
- IRS object ID
- 202223199349106987
- Schema version
- 2021v4.2
- 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
- Schedule B
- Accounting Fees Schedule
- Depreciation Schedule
- General Explanation Attachment
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Assets 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 | 2022-11-15T15:05:07-06:00 | ReturnTs |
| Tax Period End | 2021-12-31 | 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 | 3333 New Hyde Park Rd Ste 406 | AddressLine1Txt |
| City | New Hyde Park | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11042 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 471141878 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Bern Schwartz Family Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Foundation Source | InCareOfNm |
| Business Name Control | BERN | BusinessNameControlTxt |
| Phone | 8008391754 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Foundation Source 501 Silverside Rd | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHAEL SCHWARTZ | PersonNm |
| Person Title | CHAIRMAN | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2022-11-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MICHAEL | PersonFirstNm |
| Person Last | SCHWARTZ | 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 | 2021 | 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 | $21,901,712 | 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 | $393,931 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $4,496 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $4,496 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $470,447 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $470,447 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $11,541,821 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $25,124,367 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $11,541,821 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $239,444 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $239,444 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $12,650,139 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $12,256,208 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $29,402 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $29,402 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $11,200 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $11,200 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $164,596 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $96,802 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $67,794 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $167,360 | TaxesRevAndExpnssAmt |
| Occupancy Rev And Expnss | $15,169 | OccupancyRevAndExpnssAmt |
| Occupancy Dsbrs Chrtbl | $15,169 | OccupancyDsbrsChrtblAmt |
| Printing And Pub Rev And Expnss | $150 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Dsbrs Chrtbl | $150 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $86,482 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $2,081 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $84,401 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $474,359 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $98,883 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $208,116 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $5,806,569 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $5,806,569 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $6,280,928 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $98,883 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $6,014,685 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $6,369,211 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $12,157,325 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $283,240 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $144,545 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $144,545 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $2,825,916 | USGovernmentObligationsBOYAmt |
| Corporate Stock BOY | $8,126,821 | CorporateStockBOYAmt |
| Corporate Stock EOY | $21,271,097 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $21,720,311 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $2,252,380 | CorporateBondsBOYAmt |
| Other Investments EOY | $23,428 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $23,428 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $1,041,427 | OtherAssetsBOYAmt |
| Other Assets EOY | $13,428 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $13,428 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $14,529,784 | TotalAssetsBOYAmt |
| Total Assets EOY | $21,452,498 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $21,901,712 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $14,529,784 | RetainedEarningBOYAmt |
| Retained Earning EOY | $21,452,498 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $14,529,784 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $21,452,498 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $14,529,784 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $21,452,498 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $14,529,784 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $6,369,211 | ExcessRevenueOverExpensesAmt |
| Other Increases | $553,503 | OtherIncreasesAmt |
| Subtotal | $21,452,498 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $21,452,498 | 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 | $25,124,367 | GrossSalesPriceAmt |
| Cost Or Other Basis | $13,582,546 | CostOrOtherBasisAmt |
| Gain Or Loss | $11,541,821 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $11,541,821 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $11,541,821 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $168,987 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $168,987 | SubtotalAmt |
| Tax Based On Investment Income | $168,987 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $164,247 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $8,400 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $172,647 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $3,660 | OverpaymentAmt |
| Applied To ES Tax | $3,660 | 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 |
| Org Report Or Register State | DE | 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 | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 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 |
|---|---|---|---|---|---|---|---|---|
| Fred W Concklin | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, VP, Treas | 1.0 | $0 | $0 | $0 |
| Tilda R Orr | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Sec | 1.0 | $0 | $0 | $0 |
| Eric A Schwartz | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Pres | 1.0 | $0 | $0 | $0 |
| Michael L Schwartz | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Chairman, Grant Evaluator | 5.0 | $0 | $0 | $0 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Gardner Russo & Gardner LLC | |||||
| 223 East Chestnut Street | Lancaster | PA | 176022705 | Investment Mgmt | $95,872 |
| Foundation Source | |||||
| 55 Walls Drive 3rd Fl | Fairfield | CT | 06824 | Administrative | $73,832 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp | |
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $22,641,332 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $175,361 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $11,361 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $22,828,054 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $22,828,054 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $342,421 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $22,485,633 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,124,282 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,124,282 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $168,987 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $168,987 | TotalTaxAmt |
| Distributable Before Adj | $955,295 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $38 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $955,333 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $955,333 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $6,014,685 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $6,014,685 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $955,333 | DistributableAsAdjustedAmt |
| Prior Year1 | 2019 | PriorYear1Yr |
| Prior Year2 | 2018 | PriorYear2Yr |
| Prior Year3 | 2017 | PriorYear3Yr |
| Excess Distribution Cyov Yr5 | $355,690 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $749,342 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $669,881 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $345,438 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $294,084 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $2,414,435 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $6,014,685 | QualifyingDistributionsAmt |
| Applied To Current Year | $955,333 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $5,059,352 | RemainingDistriFromCorpusAmt |
| Total Corpus | $7,473,787 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $355,690 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $7,118,097 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $749,342 | ExcessFromYear4Amt |
| Excess From Year3 | $669,881 | ExcessFromYear3Amt |
| Excess From Year2 | $345,438 | ExcessFromYear2Amt |
| Excess From Year1 | $294,084 | ExcessFromYear1Amt |
| Excess From Current Year | $5,059,352 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Eric A Schwartz | ContributingManagerNm |
| Contributing Manager | Michael L Schwartz | ContributingManagerNm |
| Contributing Manager | Tilda R Orr | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (28 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 | Province Or StateRecipientForeignAddress/ProvinceOrStateNm | CountryRecipientForeignAddress/CountryCd | Foreign PostalRecipientForeignAddress/ForeignPostalCd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ALLIANCE FOR SCHOOL CHOICE INC | ||||||||||||
| 1020 19TH ST NW STE 675 | WASHINGTON | DC | 20036 | N/A | PC | General & Unrestricted | $100,000 | |||||
| AMERICAN FRIENDS OF THE NATIONAL PORTRAIT GALLERY | ||||||||||||
| 31 WEST 34TH ST 7TH FL NO 7010 | NEW YORK | NY | 10001 | N/A | PC | Inspiring People Capital Campaign of the National PORTRAIT GALLERY, LONDON | $100,000 | |||||
| AMERICANS FOR OXFORD INC | ||||||||||||
| 500 FIFTH AVE 32ND FLOOR | NEW YORK | NY | 10110 | N/A | PC | General & Unrestricted | $14,000 | |||||
| ARMAND HAMMER UNITED WORLD COLLEGE OF THE AMERICAN | ||||||||||||
| 400 HWY 65 ATTN BUSINESS OFFICE | MONTEZUMA | NM | 87731 | N/A | PC | Mountbatten Memorial Prize | $10,000 | |||||
| CHANCELLOR MASTERS AND SCHOLARS OF THE UNIVERSITY | ||||||||||||
| N/A | Other | Archivist to catalogue the Bern Schwartz Archive at the Bodleian Libraries | $166,547 | WELLINGTON SQ | OXFORD | OXFORDSHIRE | UK | OX1 2JD | ||||
| CHANCELLOR MASTERS AND SCHOLARS OF THE UNIVERSITY | ||||||||||||
| N/A | Other | Donation of The Bern Schwartz Archive at the Bodleian Libraries for university's research and education purposes (See General Explanation) | $1,593,037 | WELLINGTON SQ | OXFORD | OXFORDSHIRE | UK | OX1 2JD | ||||
| CHANCELLOR MASTERS AND SCHOLARS OF THE UNIVERSITY | ||||||||||||
| N/A | Other | Transportation Costs | $13,205 | WELLINGTON SQ | OXFORD | OXFORDSHIRE | UK | OX1 2JD | ||||
| CHANCELLOR MASTERS AND SCHOLARS OF THE UNIVERSITY | ||||||||||||
| N/A | Other | Endowment to fund The Bern and Ronny Schwartz Curator of Photography post at the Bodleian Libraries | $2,775,780 | WELLINGTON SQ | OXFORD | OXFORDSHIRE | UK | OX1 2JD | ||||
| INTERNATIONAL CENTER OF PHOTOGRAPHY | ||||||||||||
| 79 ESSEX ST | NEW YORK | NY | 10002 | N/A | PC | Capital Campaign for ICP at Essex Crossing | $200,000 | |||||
| INTERNATIONAL CENTER OF PHOTOGRAPHY | ||||||||||||
| 79 ESSEX ST | NEW YORK | NY | 10002 | N/A | PC | lecture talks ($10,000); General & Unrestricted ($10,000) | $20,000 | |||||
| JERUSALEM FOUNDATION INC | ||||||||||||
| 420 LEXINGTON AVE STE 1645 | NEW YORK | NY | 10170 | N/A | PC | General & Unrestricted | $25,000 | |||||
| MARC LUSTGARTEN PANCREATIC CANCER FOUNDATION | ||||||||||||
| 415 CROSSWAYS PARK DR STE D | WOODBURY | NY | 11797 | N/A | PC | Support scientific research | $50,000 | |||||
| MARIN COMMUNITY FOUNDATION | ||||||||||||
| 5 HAMILTON LANDING STE 200 | NOVATO | CA | 94949 | N/A | PC | The Schwartz Cousins Fund | $50,000 | |||||
| MUSEUM OF PHOTOGRAPHIC ARTS | ||||||||||||
| 1649 EL PRADO | SAN DIEGO | CA | 92101 | N/A | PC | General & Unrestricted | $10,000 | |||||
| NATIONAL DANCE INSTITUTE INC | ||||||||||||
| 217 W 147TH ST | NEW YORK | NY | 10039 | N/A | PC | General & Unrestricted | $12,500 | |||||
| PACIFIC RESEARCH INSTITUTE FOR PUBLIC POLICY | ||||||||||||
| PO BOX 60485 | PASADENA | CA | 91116 | N/A | PC | Education Studies | $37,500 | |||||
| PANCREATIC CANCER ACTION NETWORK INC | ||||||||||||
| 1500 ROSECRANS AVE STE 200 | MANHATTAN BCH | CA | 90266 | N/A | PC | General & Unrestricted | $75,000 | |||||
| SCHWAB CHARITABLE FUND | ||||||||||||
| 211 MAIN ST | SAN FRANCISCO | CA | 94105 | N/A | PC | Fred and Deborah Concklin Charitable Fund | $15,000 | |||||
| SCRIPPS HEALTH | ||||||||||||
| PO BOX 2669 | LA JOLLA | CA | 92038 | N/A | PC | Bernard Lee Schwartz Lecture at the 2021 Clinical hematology & oncology conference | $10,000 | |||||
| STANFORD UNIVERSITY | ||||||||||||
| PO BOX 20466 | STANFORD | CA | 94309 | N/A | PC | Department of Medicine, Division of Immunology | $50,000 | |||||
| STANFORD UNIVERSITY - HOOVER INSTITUTION | ||||||||||||
| PO BOX 20466 | STANFORD | CA | 94309 | N/A | PC | education reform studies | $25,000 | |||||
| THE BASIC FUND | ||||||||||||
| 1301 CLAY ST 70450 | OAKLAND | CA | 94612 | N/A | PC | 2021 Scholarship Program | $50,000 | |||||
| THE BASIC FUND | ||||||||||||
| 1301 CLAY ST 70450 | OAKLAND | CA | 94612 | N/A | PC | 2018 Scholarship Program | $50,000 | |||||
| THE BASIC FUND | ||||||||||||
| 1301 CLAY ST 70450 | OAKLAND | CA | 94612 | N/A | PC | 2020 Scholarship Program | $50,000 | |||||
| THE INDEPENDENT INSTITUTE | ||||||||||||
| 100 SWAN WAY | OAKLAND | CA | 94621 | N/A | PC | activities in support of education reform | $5,000 | |||||
| UNIVERSITY OF CALIFORNIA SAN FRANCISCO FOUNDATION | ||||||||||||
| PO BOX 45339 | SAN FRANCISCO | CA | 94145 | N/A | PC | The UC Pancreas Center Consortium | $165,000 | |||||
| VICTORIA AND ALBERT MUSEUM AMERICAS FOUNDATION | ||||||||||||
| 1301 AVE OF THE AMERICAS | NEW YORK | NY | 10019 | N/A | PC | General & Unrestricted | $117,000 | |||||
| VICTORIA AND ALBERT MUSEUM AMERICAS FOUNDATION | ||||||||||||
| 1301 AVE OF THE AMERICAS | NEW YORK | NY | 10019 | N/A | PC | General & Unrestricted | $17,000 | |||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $5,806,569 | 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 | $4,496 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $470,447 | 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 Income | OtherInvestmentIncomeGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $11,541,821 | 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 (3 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|
| K-1 Inc/Loss | 01 | $70 |
| FOREIGN TAX REFUND | 01 | $11,094 |
| FOREIGN CURRENCY GAIN | 01 | $228,280 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $12,256,208 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $12,256,208 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (4 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Noncash ContributionNoncashContributionInd | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|---|
| Orr Tilda R | |||||||
| 1 | 1350 Old Bayshore Highway 800 | Burlingame | CA | 94010 | $11,667 | Yes (X) | |
| Schwartz Eric A | |||||||
| 2 | 1350 Old Bayshore Highway 800 | Burlingame | CA | 94010 | $11,667 | Yes (X) | |
| Schwartz Michael L | |||||||
| 3 | 1350 Old Bayshore Highway Suite 800 | Burlingame | CA | 94010 | $11,667 | Yes (X) | |
| Trust FBO BLS Foundation dtd 1030 | |||||||
| 4 | 1350 Old Bayshore HWY Suite 800 | Burlingame | CA | 94010 | $358,930 | Yes (X) | |
Non Cash Property Contribution NonCashPropertyContributionGrp (3 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | DOCUMENTARY ARCHIVE of bern schwartz | $11,667 | 2021-07-07 |
| 2 | DOCUMENTARY ARCHIVE of BERN SCHWARTZ | $11,667 | 2021-07-07 |
| 3 | DOCUMENTARY ARCHIVE of BERN SCHWARTZ | $11,667 | 2021-07-07 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Audit Fees | CategoryTxt |
| Amt | $11,200 | Amt |
| Disbursements Charitable Prps | $11,200 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | IN-KIND GRANTS | IdentifierTxt |
| Form And Line Reference | PART I LINE 25 AND PART XIV LINE 3A | FormAndLineReferenceDesc |
| Medium Explanation | DISTRIBUTIONS OF PROPERTY VALUE AT FAIR MARKET VALUE AT DATE OF DISTRIBUTION METHOD FOR DETERMINING VALUE OF PHOTOGRAPHY COLLECTION: PURCHASE PRICE TOTAL FAIR MARKET VALUE OF PROPERTY: $1,593,037 TOTAL BOOK VALUE OF PROPERTY: $1,039,572 TOTAL CASH PORTION OF GRANTS: $- TOTAL AMOUNT OF GRANTS: $1,593,037 FORM 990-PF, PART III, LINE 3 - OTHER INCREASES/DECREASES: $553,465 DETAILS OF ITEMS GRANTED: DESCRIPTION OF PROPERTY: PHOTOGRAPHY COLLECTION UNITS: 53,620 DATE OF DISTRIBUTION: 7/8/2021 GRANT RECIPIENT: CHANCELLOR MASTERS AND SCHOLARS OF THE UNIVERSITY OF OXFORD | MediumExplanationTxt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (10 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| GREAT BRITISH POUNDS | ||
| VANGUARD INTERMEDIATE TERM INV | $804,799 | $789,887 |
| VANGUARD INTL GROWTH FD ADMIRA | $1,631,666 | $1,418,288 |
| VANGUARD INTL VALUE FUND | $1,556,247 | $1,452,259 |
| VANGUARD LONG TERM INVESTMENT | $435,171 | $438,736 |
| VANGUARD SHORT-TERM CORPORATE | $1,018,496 | $998,291 |
| VANGUARD TOT INTL BOND IX ADMI | $1,982,913 | $1,922,675 |
| VANGUARD TOTAL BOND MARKET IND | $2,240,393 | $2,226,883 |
| VANGUARD TOTAL INT ST IDX-AD | $3,085,568 | $2,986,432 |
| VANGUARD TOTAL STOCK MARKET IN | $8,515,844 | $9,486,860 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| DIGITAL NEGATIVES - PHOTOGRAPH | $13,428 | $13,428 |
| IMAGE RIGHTS - PHOTOGRAPHIC CO | $10,000 | $10,000 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp (2 entries)
| CategoryCategoryTxt | Legal FeesLegalFeesAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| Document Review/Drafting | $13,751 | $13,751 |
| General Consultations | $15,651 | $15,651 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | COLOR NEGATIVES - PHOTOGRAPHIC | Desc |
| EOY Book Value | $13,428 | EOYBookValueAmt |
| EOYFMV | $13,428 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Administrative Fees | $73,832 | $73,832 | |
| Bank Charges | $2,081 | $2,081 | |
| Foundation Dues & Memberships | $3,580 | $3,580 | |
| Indemnification Insurance | $1,525 | $1,525 | |
| Insurance Premiums | $4,485 | $4,485 | |
| State or Local Filing Fees | $200 | $200 | |
| Website Hosting/Support | $779 | $779 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Class Action Lawsuit Proceeds | $70 | $70 |
| net foreign tax refund | $11,094 | $11,094 |
| foreign currency gain | $228,280 | $228,280 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| IN KIND GRANTS | $553,465 |
| RETURNED GRANT | $38 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (6 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Appraisal Services | $5,900 | $5,900 | |
| Investment Management Services | $96,802 | $96,802 | |
| EQUIVALENCY DETERMIN CONSULT | $1,100 | $1,100 | |
| PHILANTHROPIC CONSULTING SVCS | $30,000 | $30,000 | |
| Website Development | $900 | $900 | |
| DIGITIZING PRINTS | $29,894 | $29,894 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt |
|---|---|
| 990-PF Estimated Tax for 2021 | $163,500 |
| 990-PF Extension for 2020 | $3,860 |