JOHN H AND REGINA K SCULLY FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization: JOHN H AND REGINA K SCULLY FOUNDATION (EIN 46-2014396)
Tax period: 2020-01-01 to 2020-12-31
Filed: 2021-11-13
IRS object ID: 202103179349101205
Schema version: 2020v4.0
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
Investments Corp Bonds Schedule
Investments Corp Stock Schedule
Investments Other Schedule2
Legal Fees Schedule
Other Assets Schedule
Other Expenses Schedule
Other Income Schedule2
Other Liabilities Schedule
Other Professional Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2021-11-13T16:12:23-08:00	ReturnTs
Tax Period End	2020-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	371420474	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	Fontanello Duffield & Otake LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	44 Montgomery Street Suite 1305	AddressLine1Txt
City	San Francisco	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	94104	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2020-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	462014396	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Scully Memorial Foundation	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	SCUL	BusinessNameControlTxt
Phone	4153842288	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	591 Redwood Highway 3250	AddressLine1Txt
City	Mill Valley	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	94941	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	John Scully	PersonNm
Person Title	President	PersonTitleTxt
Signature	2021-11-13	SignatureDt
Discuss With Paid Preparer	false	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	John	PersonFirstNm
Person Last	Scully	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Carol Duffield	PreparerPersonNm
PTIN	P01257136	PTIN
Phone	4159830200	PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	2	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd
Federated Assurance Level	FAL1	FederatedAssuranceLevelCd

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	$792,119,307	FMVAssetsEOYAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$5,561,837	ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss	$2,366,479	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$2,366,479	InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss	$8,290,437	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$8,290,437	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	-$524,647	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$86,237,108	GrossSalesPriceAmt
Other Income Rev And Expnss	$60,359	OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm	$248,256	OtherIncomeNetInvstIncmAmt
Total Rev And Expnss	$15,754,465	TotalRevAndExpnssAmt
Total Net Invst Incm	$10,905,172	TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$130,000	CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl	$130,000	CompOfcrDirTrstDsbrsChrtblAmt
Oth Empl Slrs Wgs Rev And Expnss	$50,000	OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl	$50,000	OthEmplSlrsWgsDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss	$14,344	PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Dsbrs Chrtbl	$14,344	PensionEmplBnftDsbrsChrtblAmt
Legal Fees Rev And Expnss	$20,400	LegalFeesRevAndExpnssAmt
Legal Fees Dsbrs Chrtbl	$13,873	LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$24,950	AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps	$24,950	AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss	$1,140,520	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$1,140,520	OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss	$1,139,337	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$172,201	TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss	$135,569	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$126,948	OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl	$7,072	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$2,655,120	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$1,439,669	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$240,239	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$17,998,139	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$17,098,139	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$20,653,259	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$1,439,669	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$17,338,378	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$4,898,794	ExcessRevenueOverExpensesAmt
Net Investment Income	$9,465,503	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Sav And Temp Cash Invst BOY	$294,113,965	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$53,099,837	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$53,099,837	SavAndTempCashInvstEOYFMVAmt
US Government Obligations BOY	$13,603,700	USGovernmentObligationsBOYAmt
Corporate Stock BOY	$69,332,789	CorporateStockBOYAmt
Corporate Stock EOY	$72,883,181	CorporateStockEOYAmt
Corporate Stock EOYFMV	$72,883,181	CorporateStockEOYFMVAmt
Corporate Bonds BOY	$53,370,292	CorporateBondsBOYAmt
Corporate Bonds EOY	$54,252,705	CorporateBondsEOYAmt
Corporate Bonds EOYFMV	$54,252,705	CorporateBondsEOYFMVAmt
Other Investments BOY	$313,072,321	OtherInvestmentsBOYAmt
Other Investments EOY	$610,823,636	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$610,823,636	OtherInvestmentsEOYFMVAmt
Other Assets BOY	$1,622,549	OtherAssetsBOYAmt
Other Assets EOY	$1,059,948	OtherAssetsEOYAmt
Other Assets EOYFMV	$1,059,948	OtherAssetsEOYFMVAmt
Total Assets BOY	$745,115,616	TotalAssetsBOYAmt
Total Assets EOY	$792,119,307	TotalAssetsEOYAmt
Total Assets EOYFMV	$792,119,307	TotalAssetsEOYFMVAmt
Accounts Payable BOY	$263,231	AccountsPayableBOYAmt
Accounts Payable EOY	$307,330	AccountsPayableEOYAmt
Grants Payable EOY	$900,000	GrantsPayableEOYAmt
Other Liabilities BOY	$10,306,317	OtherLiabilitiesBOYAmt
Other Liabilities EOY	$1,390,182	OtherLiabilitiesEOYAmt
Total Liabilities BOY	$10,569,548	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$2,597,512	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$734,546,068	NoDonorRstrNetAssestsBOYAmt
Tot Net Ast Or Fund Balances BOY	$734,546,068	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$789,521,795	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$745,115,616	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$792,119,307	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$734,546,068	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$4,898,794	ExcessRevenueOverExpensesAmt
Other Increases	$59,874,521	OtherIncreasesAmt
Subtotal	$789,521,795	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$789,521,795	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

Field	Value	IRS element (for citing)
Property	Sale of Publicly Traded Securities	PropertyDesc
How Acquired	P	HowAcquiredCd
Acquired	2000-01-01	AcquiredDt
Sold	2020-12-31	SoldDt
Gross Sales Price	$86,237,108	GrossSalesPriceAmt
Cost Or Other Basis	$86,761,755	CostOrOtherBasisAmt
Gain Or Loss	-$524,647	GainOrLossAmt
Gains Minus Excess Or Losses	-$524,647	GainsMinusExcessOrLossesAmt

Field	Value	IRS element (for citing)
Capital Gain Net Income	-$524,647	CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$131,570	InvestmentIncomeExciseTaxAmt
Subtotal	$131,570	SubtotalAmt
Tax Based On Investment Income	$131,570	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$123,000	EstimatedPlusOvpmtIncmTxAmt
Extsn Request Income Tax Paid	$35,000	ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits	$158,000	TotalPaymentsAndCreditsAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Overpayment	$26,430	OverpaymentAmt
Applied To ES Tax	$26,430	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	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	Lori Kulvin Crawford	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	4153842288	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	591 Redwood Highway Ste 3250	AddressLine1Txt
City	Mill Valley	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	94941	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	Yes (true)	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	Yes (true)	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions	false	ActsFailToQlfyAsExceptionsInd
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 (5 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt
John Scully
591 Redwood Highway Ste 3250	Mill Valley	CA	94941	Pres/Dir	1.00	$0
Ronald A Cohan
591 Redwood Highway Ste 3250	Mill Valley	CA	94941	Director	1.00	$0
Regina K Scully
591 Redwood Highway Ste 3250	Mill Valley	CA	94941	Director	1.00	$0
Eli Weinberg
591 Redwood Highway Ste 3250	Mill Valley	CA	94941	Director	1.00	$0
Lori Kulvin Crawford
591 Redwood Highway Ste 3250	Mill Valley	CA	94941	CFO/Sec'tary	10.00	$130,000

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Service TypeServiceTypeTxt	CompensationCompensationAmt
JP Morgan Chase
2029 Century Park East 39th Fl	Los Angeles	CA	90067	Investment Mgmt	$1,059,752
Stifel Nicolaus & Co Inc
591 Redwood Hwy Frontage Rd 3250	Mill Valley	CA	94941	Investment Mgmt	$80,767

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$464,603,796	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$161,151,382	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$96,067,263	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$721,822,441	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast	$721,822,441	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$10,827,337	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$710,995,104	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$35,549,755	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$35,549,755	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$131,570	TaxBasedOnInvestmentIncomeAmt
Total Tax	$131,570	TotalTaxAmt
Distributable Before Adj	$35,418,185	DistributableBeforeAdjAmt
Distributable Before Ded	$35,418,185	DistributableBeforeDedAmt
Distributable As Adjusted	$35,418,185	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$17,338,378	ExpensesAndContributionsAmt
Qualifying Distributions	$17,338,378	QualifyingDistributionsAmt
Adjusted Qualifying Distri	$17,338,378	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$35,418,185	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4	$19,550,314	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$16,948,270	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$39,194,410	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$50,112,636	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$125,805,630	TotalExcessDistributionCyovAmt
Qualifying Distributions	$17,338,378	QualifyingDistributionsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$17,338,378	AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus	$18,079,807	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$18,079,807	ExcessDistributionCyovAppCYAmt
Total Corpus	$107,725,823	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$107,725,823	ExcessDistriCyovToNextYrAmt
Excess From Year4	$1,470,507	ExcessFromYear4Amt
Excess From Year3	$16,948,270	ExcessFromYear3Amt
Excess From Year2	$39,194,410	ExcessFromYear2Amt
Excess From Year1	$50,112,636	ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
Stanford University
326 Galvez Street	Stanford	CA	94305	N/A	PC	General Support	$1,320,000
KIPP Bay Area Schools
1000 Broadway 460	Oakland	CA	94607	N/A	PC	General Support	$200,000
Making Waves Foundation
3045 Research Dr	Richmond	CA	94806	N/A	POF	General Support	$4,857,939
Horatio Alger Association
99 Canal Center Plaza Ste 320	Alexandria	VA	22314	N/A	PC	General Support	$50,000
Making Waves Academy
4123 Lakeside Dr	Richmond	CA	94806	N/A	PC	General Support	$10,500,000
Giants Community Fund
24 Willie Mays Plaza	San Francisco	CA	94107	N/A	PC	General Support	$10,000
Starcross Kin Worldwide
34500 Annapolis Rd	Annapolis	CA	95412	N/A	PC	General Support	$40,200
Princeton University
PO Box 5357	Princeton	NJ	08543	N/A	PC	General Support	$15,000
One Mind Institute
PO Box 680	Rutherford	CA	94573	N/A	PC	Music Festival	$5,000
Pittsburgh Arts and Community Found
65 Civic Avenue	Pittsburg	CA	94565	N/A	PC	General Support	$100,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$17,098,139	TotalGrantOrContriPdDurYrAmt

Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp

Field	Value	IRS element (for citing)
Recipient Person	Pittsburgh Arts and Community Found	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	65 Civic Avenue	AddressLine1Txt
City	Pittsburg	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	94565	ZIPCd

Field	Value	IRS element (for citing)
Recipient Relationship	N/A	RecipientRelationshipTxt
Recipient Foundation Status	PC	RecipientFoundationStatusTxt
Grant Or Contribution Purpose	General Support	GrantOrContributionPurposeTxt
Amt	$900,000	Amt

Field	Value	IRS element (for citing)
Total Grant Or Contri Apprv Fut	$900,000	TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$2,366,479	ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$8,290,437	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	-$524,647	ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp

Field	Value	IRS element (for citing)
Desc	Partnership Income	Desc
Exclusion	14	ExclusionCd
Exclusion	$60,359	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$10,192,628	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$10,192,628	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

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum
Contributor Person	Scully 1994 Family Trust No 2	ContributorPersonNm

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	591 Redwood Highway Ste 3250	AddressLine1Txt
City	Mill Valley	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	94941	ZIPCd

Field	Value	IRS element (for citing)
Total Contributions	$5,561,837	TotalContributionsAmt
Person Contribution	Yes (X)	PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	Accounting Fees	CategoryTxt
Amt	$24,950	Amt
Net Investment Income	$0	NetInvestmentIncomeAmt
Adjusted Net Income	$0	AdjustedNetIncomeAmt
Disbursements Charitable Prps	$24,950	DisbursementsCharitablePrpsAmt

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp (72 entries)

BondBondNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
American Express Co Sr NTS 3.0% DTD 2/22	$1,001,890	$1,001,890
Amgen Inc. 3.625% DTD 5/15/12	$403,012	$403,012
Apple Inc SR Var Rt 2/9/17	$653,471	$653,471
Citigroup Inc 2.35% DTD 8/2/16	$455,238	$455,238
Morgan Stanley MTB 2.625% DTD 11/17/16	$1,376,622	$1,376,622
Autodesk Inc Sr Nts 3.6% 12/31/12	$524,190	$524,190
Campbell Soup Co SR NTS 3.65% 3/16/18	$255,176	$255,176
Constellation Brands Inc 2.7% DTD 5/9/17	$411,392	$411,392
Marriott International 2.3% DTD 6/10/16	$607,884	$607,884
Regions Financial Corp 3.2% DTD 2/8/16	$800,304	$800,304
Abbvie inc Sr NTS 3.375% DTD 9/13/16	$1,026,880	$1,026,880
Alibaba Group Holdings 3.125% DTD 11/25/	$815,792	$815,792
American Intl Group 3.3% DTD 2/26/16	$551,155	$551,155
AT&T Inc. SR NTS Var RT 11/30/18	$143,674	$143,674
AT&T Inc Sr NTS 3.0% DTD 5/04/15	$539,188	$539,188
BBVA USA (prev: Compass Bank) Sr Notes 3	$1,011,290	$1,011,290
Beam Inc 3.25% DTD 5/21/12	$824,064	$824,064
Becton Dickinson & Co Sr NTS 2.894% DTD	$1,145,229	$1,145,229
Boston Scientific Corp 3.375% DTD 5/12/1	$389,521	$389,521
Canadian Natl Resources 3.45% 11/16/11	$1,028,079	$1,028,079
Capital One NA 2.25% DTD 9/13/16	$253,003	$253,003
Capitol One Financial Co 4.34% 7/19/111	$767,490	$767,490
Cardinal Health Inc. 2.616% DTD 6/12/17	$1,029,260	$1,029,260
Celgene Corp 3.55% DTD 8/12/15	$688,776	$688,776
Cigna Corp 144A 3.9% DTD 10/11/19	$1,038,860	$1,038,860
Citibank NA Var Rt 5/22/19	$751,313	$751,313
CVS Health Corp 2.125% DTD 5/25/16	$1,005,920	$1,005,920
Eastman Chem Co Sr NTS 3.5% DTD 11/6/18	$824,793	$824,793
Ebay Inc 3.8% DTD 3/9/16	$872,445	$872,445
Enterprise Products Oper 4.05% 8/24/11	$1,040,410	$1,040,410
Ford Motor Credit Co 3.219% DTD 1/9/15	$353,245	$353,245
Goldman Sachs Group Inc 3% DTD 1/26/17	$957,695	$957,695
HP Enterprise Co Sr NTS VAR Rate DTD 9/1	$150,021	$150,021
Interpublic Group Cos SR 3.75% 9/21/18	$512,520	$512,520
Keurig Dr Pepper Snapple Group 2.53% DTD	$1,018,430	$1,018,430
Kinder Morgan/El Paso Pipeline Part 5%	$817,272	$817,272
Mizuho Financial Group 100.5676 DTD 9/11	$1,011,240	$1,011,240
ONEOK Partners LP 3.375% DTD 9/13/12	$1,259,308	$1,259,308
Phillips 66 4.3% DTD 10/1/12	$1,570,845	$1,570,845
Verizon Communication SR NTS 144A 1.68%	$1,416,383	$1,416,383
Anthem 3.7% DTD 8/15/11	$1,012,070	$1,012,070
William Partners LP 3.6% DTD 3/3/15	$1,238,880	$1,238,880
Zions Bancorp NA Sr NTS 3.35% DTD 3/4/19	$257,285	$257,285
PNC BK NA SR Nts MTN Var 7/23/19	$1,001,990	$1,001,990
Aetna Inc Sr Nts 2.8% DTD 6/9/16	$112,574	$112,574
AMER Express Co SR NTS VAR 2/27/1	$100,856	$100,856
Amern Honda Fin Sr NTS MTN 1.95% 1/10/20	$1,037,010	$1,037,010
Amgen Inc SR Nts 2.7% DTD 5/1/15	$257,220	$257,220
Bk of Amer Corp Sr NTS Var Rt	$1,616,464	$1,616,464
Bk of NY Mellon Corp Sr Nts Mtn VAR	$515,270	$515,270
Boston Properties LP Sr Nts 3.85% DTD 6/	$413,822	$413,822
Conagra Brands Inc Sr Nts 3.25% 9/13/12	$104,563	$104,563
Ebay Inc. Sr NTS Var Rt DTD 6/6/17	$409,151	$409,151
FEDEX Corp 2.7% DTD 4/11/13	$1,049,260	$1,049,260
Global Payments Inc Sr Nts 4% 5/11/28	$1,080,510	$1,080,510
HP Inc SR NTS 4.05% DTD 3/12/12	$424,252	$424,252
Intercontinental Exchange Sr Nts Var Rt	$1,001,420	$1,001,420
JP Morgan Chase & Co Sr Nts Var Rt DTD 4	$424,275	$424,275
Pepsico Inc Sr NTS Var Rt DTD 5/2/17	$1,003,880	$1,003,880
Ralph Lauren Corp Sr NTS 1.7% 6/3/20	$101,816	$101,816
Raytheon Tech Corp Non Tradeable Asset C	$822,720	$822,720
Shell Intl Fin Var Rts 11/13/18	$1,106,127	$1,106,127
Starbucks Corp Sr Nts 1.3% DTD 5/7/20	$1,013,960	$1,013,960
Toyota Mtr Cr Corp Sr Nts Mtn Var 1/11/1	$246,090	$246,090
Truist Finl Corp Mtn 3.95% DTD 3/22/12	$949,155	$949,155
Truist Bk SR NTS Var 7/26/18	$1,504,020	$1,504,020
UTD Parcel Svc Sr Nts Var Rt 11/14/17	$493,102	$493,102
Walgreen Co 3.1% 9/13/12	$821,486	$821,486
Walt Disney Co VAR 9/6/19	$100,480	$100,480
Waste Mgmt Inc 2.9% DTD 9/12/12	$336,781	$336,781
Zoetis Inc Sr NTS 3.25% DTD 10/30/13	$1,388,416	$1,388,416
Citigroup Inc Sr Nts Var Rt 11/04/19	$1,004,520	$1,004,520

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (40 entries)

StockStockNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
Liberty Global PLC	$12,728,430	$12,728,430
General Motors Finl Co DTD 9/16/20	$593,145	$593,145
Allstate Corp	$721,501	$721,501
American Equity Investment	$721,144	$721,144
Aspen Insurance Hldg Ltd	$371,091	$371,091
Athene Holding Ltd	$590,924	$590,924
Bank of America Corp DTD 10/23/14	$3,650,288	$3,650,288
Capital One Finl Co DTD 5/14/15	$659,215	$659,215
Centerpoint Energy Inc DTD 8/22/18	$1,812,175	$1,812,175
Citigroup Inc DTD 4/25/16	$3,486,728	$3,486,728
Citigroup Inc DTD 12/13/12	$1,099,874	$1,099,874
Citizens Financial Group	$549,258	$549,258
Discover Finl Svcs DTD 10/31/17	$1,210,170	$1,210,170
Fifth Third Bancorp	$1,302,683	$1,302,683
General Electric Co DTD 1/20/16	$1,112,712	$1,112,712
General Motors Finl Co DTD 9/20/17	$2,542,800	$2,542,800
Goldman Sachs Group DTD 6/17/19	$1,596,850	$1,596,850
Goldman Sachs Group DTD 7/27/16	$2,426,913	$2,426,913
Keycorp Var Rt Perp DTD 9/9/16	$2,119,220	$2,119,220
Morgan Stanley	$2,263,835	$2,263,835
Morgan Stanley	$821,681	$821,681
Regions Financial Corp	$274,896	$274,896
Regions Financial Corp	$2,018,735	$2,018,735
State Street Corp	$799,331	$799,331
Truist Fin Corp DTD 7/29/19	$2,990,887	$2,990,887
Truist Fin Corp DTD 6/19/20	$887,730	$887,730
Voya Financial Inc	$1,120,198	$1,120,198
Wells Fargo & Co DTD 1/23/15	$2,845,713	$2,845,713
Vail Resorts	$7,161,182	$7,161,182
AT&T Inc	$863,545	$863,545
Athene Holding Ltd	$833,730	$833,730
Bank of America Corp DTD 9/5/14	$854,361	$854,361
Charles Schwab Corp	$2,984,850	$2,984,850
Discover Finl Svcs DTD 6/22/20	$456,638	$456,638
Goldman Sachs Group	$221,236	$221,236
Humingon Bancshares	$2,435,405	$2,435,405
M&T Bk Corp DTD 7/30/19	$184,625	$184,625
Markel Corp DTD 5/27/20	$886,106	$886,106
Sempra Energy DTD 6/19/20	$832,556	$832,556
Wells Fargo & Co DTD 4/22/14	$1,850,820	$1,850,820

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (28 entries)

Category Or ItemCategoryOrItemTxt	Listed At Cost Or FMVListedAtCostOrFMVCd	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
Bloom Tree Offshore Fd Ltd	FMV	$7,583,024	$7,583,024
Bluemountain Credit Alt Fund	FMV	$493,033	$493,033
Bridgewater Prvt Invst Offshr	FMV	$7,648,041	$7,648,041
Eton Park Overseas Fd Ltd	FMV	$5,534	$5,534
JPM Inflation Mgd Bd Fd	FMV	$27,859,855	$27,859,855
Miura Global Fd Ltd	FMV	$9,230,722	$9,230,722
Monarch Debt Recovry Fd Ltd	FMV	$7,269,290	$7,269,290
OCH-ZIFF OZOFII Pvt Inv	FMV	$9,180,074	$9,180,074
Taconic Opp Offshore Fd	FMV	$7,655,760	$7,655,760
Third Pt Offshore Fd Ltd	FMV	$8,821,525	$8,821,525
Vanguard FTSE Dev Mkt	FMV	$37,974,591	$37,974,591
Vanguard FTSE Emrg Mkt	FMV	$31,518,438	$31,518,438
Vanguard MID-CAP ETF	FMV	$62,718,303	$62,718,303
Winton Ftrs Fd Ltd	FMV	$5,902,504	$5,902,504
Matthews Pacific Tiger Inst	FMV	$30,527,301	$30,527,301
iShares Russell 2000 ETF	FMV	$23,674,441	$23,674,441
Aristeia International Ltd	FMV	$7,458,345	$7,458,345
Mariner Atlantic Ltd	FMV	$7,412,466	$7,412,466
PFM Healthcare Offshore Fd	FMV	$8,229,797	$8,229,797
CRP VIII	FMV	$1,719,752	$1,719,752
Artisan International Fund	FMV	$19,863,097	$19,863,097
Artisan Intl Value Fd	FMV	$27,725,815	$27,725,815
Fidelity 500 Index Fd	FMV	$84,950,114	$84,950,114
The Canyon Value Realization Fund	FMV	$8,909,276	$8,909,276
SPO Partners & Co Liquidating Trust-Endw	FMV	$17,445	$17,445
SPO Partners & Co Liquidating Trust	FMV	$11,506	$11,506
T Rowe Price New Asia	FMV	$5,601,659	$5,601,659
JPM Managed Income Fund	FMV	$160,861,928	$160,861,928

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Field	Value	IRS element (for citing)
Category	Legal Fees	CategoryTxt
Legal Fees	$20,400	LegalFeesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt
Adjusted Net Income	$0	AdjustedNetIncomeAmt
Disbursements Charitable Prps	$13,873	DisbursementsCharitablePrpsAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (2 entries)

DescDesc	BOY Book ValueBOYBookValueAmt	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
Accrued Interest/Dividends	$1,582,402	$1,055,279	$1,055,279
Purchased Interest	$40,147	$4,669	$4,669

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Dividends paid on Short Positions	$125,018	$125,018
Fees and Licenses	$1,930	$1,930
Insurance	$4,666		$4,666
Outside Services	$3,245		$1,696
Payroll Service	$654		$654
Postage & Delivery	$56		$56

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

Field	Value	IRS element (for citing)
Desc	Partnership Income	Desc
Revenue And Expenses Per Books	$60,359	RevenueAndExpensesPerBooksAmt
Net Investment Income	$248,256	NetInvestmentIncomeAmt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail (3 entries)

DescDesc	BOY Book ValueBOYBookValueAmt	EOY Book ValueEOYBookValueAmt
Deferred Excise Tax	$546,046	$1,381,611
Short Positions	$9,622,137	$8,571
Excise Tax Payable	$138,134

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

Field	Value	IRS element (for citing)
Category	Investment Management Fees	CategoryTxt
Amt	$1,140,520	Amt
Net Investment Income	$1,140,520	NetInvestmentIncomeAmt
Adjusted Net Income	$0	AdjustedNetIncomeAmt
Disbursements Charitable Prps	$0	DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt
Deferred Excise Tax	$835,565
Excise Tax	$131,571
Foreign Tax W/H	$172,201	$172,201