DEFINE AND MUHTAR KENT EDUCATIONAL FOUNDATION: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- DEFINE AND MUHTAR KENT EDUCATIONAL FOUNDATION (EIN 45-2735138)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-11-15
- IRS object ID
- 202113199349110651
- 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
- Depreciation Schedule
- General Explanation Attachment
- Investments Corp Stock Schedule
- Legal Fees 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 | 2021-11-15T22:44:40-06:00 | ReturnTs |
| Tax Period End | 2020-12-31 | 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 | 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 | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 452735138 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Defne and Muhtar Kent Educational Foundation | BusinessNameLine1Txt |
| Business Name Line2 | Inc | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Foundation Source | InCareOfNm |
| Business Name Control | DEFN | 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 | Muhtar Kent | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2021-11-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Muhtar | PersonFirstNm |
| Person Last | Kent | 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 | $23,688,926 | 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 | $940 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $940 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $670,202 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $670,202 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $941,604 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $6,548,038 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $4,401,245 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | -$336 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | -$336 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $1,612,410 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $5,072,051 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $33,899 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $33,899 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $8,911 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $8,911 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $985 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $440 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $545 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $791 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $791 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $36,179 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $12,179 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $24,000 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $56,597 | TaxesRevAndExpnssAmt |
| Occupancy Rev And Expnss | $1,925 | OccupancyRevAndExpnssAmt |
| Occupancy Dsbrs Chrtbl | $1,925 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $3,539 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $3,539 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $59,562 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $909 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $58,653 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $202,388 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $13,528 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $132,263 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $954,961 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $954,961 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,157,349 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $13,528 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,087,224 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $455,061 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $5,058,523 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $364,301 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $640,853 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $640,853 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $19,432,357 | CorporateStockBOYAmt |
| Corporate Stock EOY | $19,710,266 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $23,048,073 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $19,796,658 | TotalAssetsBOYAmt |
| Total Assets EOY | $20,351,119 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $23,688,926 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $19,796,658 | RetainedEarningBOYAmt |
| Retained Earning EOY | $20,351,119 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $19,796,658 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $20,351,119 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $19,796,658 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $20,351,119 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $19,796,658 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $455,061 | ExcessRevenueOverExpensesAmt |
| Other Increases | $99,400 | OtherIncreasesAmt |
| Subtotal | $20,351,119 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $20,351,119 | 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 | $6,548,038 | GrossSalesPriceAmt |
| Cost Or Other Basis | $2,146,793 | CostOrOtherBasisAmt |
| Gain Or Loss | $4,401,245 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $4,401,245 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $4,401,245 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $70,313 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $70,313 | SubtotalAmt |
| Tax Based On Investment Income | $70,313 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $51,236 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $20,600 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $71,836 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $17 | EsPenaltyAmt |
| Overpayment | $1,506 | OverpaymentAmt |
| Applied To ES Tax | $1,506 | 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 | GA | 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 | Yes (true) | ForeignAccountsQuestionInd |
| Foreign Country | TU | ForeignCountryCd |
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 | Yes (true) | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Cem Omer Kent | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir | 1.0 | $0 | $0 | $0 |
| Defne Kent | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Sec, Treas | 1.0 | $0 | $0 | $0 |
| Muhtar Kent | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Pres, Dir | 1.0 | $0 | $0 | $0 |
| Selin Ipek Kent | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir | 1.0 | $0 | $0 | $0 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 55 Walls Drive 3rd Fl | AddressLine1Txt |
| City | Fairfield | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06824 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | Administrative | ServiceTypeTxt |
| Compensation | $55,551 | CompensationAmt |
| 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 | $21,338,666 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $601,723 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $21,940,389 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $21,940,389 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $329,106 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $21,611,283 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,080,564 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,080,564 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $70,313 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $70,313 | TotalTaxAmt |
| Distributable Before Adj | $1,010,251 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $1,010,251 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,010,251 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,087,224 | 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 | $1,087,224 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,087,224 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,010,251 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $1,020,170 | UndistributedIncomePYAmt |
| Prior Year1 | 2018 | PriorYear1Yr |
| Prior Year2 | 2017 | PriorYear2Yr |
| Prior Year3 | 2016 | PriorYear3Yr |
| Qualifying Distributions | $1,087,224 | QualifyingDistributionsAmt |
| Applied To Year1 | $1,020,170 | AppliedToYear1Amt |
| Applied To Current Year | $67,054 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Undistributed Income CY | $943,197 | 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 | Defne Kent | ContributingManagerNm |
| Contributing Manager | Muhtar Kent | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (32 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | Address Line2RecipientUSAddress/AddressLine2Txt | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A Dikici | ||||||||||||
| BARNARD COLLEGE | 3009 BROADWAY | NEW YORK | NY | 10027 | NONE | I | Scholarship Grant | $30,000 | ||||
| E Seilmis | ||||||||||||
| BROWN UNIVERSITY | BOX 1877 | PROVIDENCE | RI | 02912 | NONE | I | Scholarship Grant | $15,000 | ||||
| B Tayyar | ||||||||||||
| CLAREMONT MCKENNA COLLEGE | 400 N CLAREMONT BLVD | CLAREMONT | CA | 91711 | NONE | I | Scholarship Grant | $3,100 | ||||
| P E Gzelocak | ||||||||||||
| CORNELL UNIVERSITY | PO BOX 752 | ITHACA | NY | 14851 | NONE | I | Scholarship Grant | $10,000 | ||||
| S N Yilmaz | ||||||||||||
| DENISON UNIVERSITY | 100 W COLLEGE ST | GRANVILLE | OH | 43023 | NONE | I | Scholarship Grant | $30,000 | ||||
| B Utebay | ||||||||||||
| GEORGIA INSTITUTE OF TECHNOLOGY | 225 NORTH AVE NW | ATLANTA | GA | 30332 | NONE | I | Scholarship Grant | $20,000 | ||||
| U Kaygisiz | ||||||||||||
| MICHIGAN STATE UNIVERSITY | 556 E CIR DR RM 252 | EAST LANSING | MI | 48824 | NONE | I | Scholarship Grant | $30,000 | ||||
| B Demirci | ||||||||||||
| MICHIGAN STATE UNIVERSITY | 556 E CIR DR RM 252 | EAST LANSING | MI | 48824 | NONE | I | Scholarship Grant | $15,000 | ||||
| B Demirci | ||||||||||||
| MICHIGAN STATE UNIVERSITY | 556 E CIR DR RM 252 | EAST LANSING | MI | 48824 | NONE | I | Scholarship Grant | $15,000 | ||||
| B Ergor | ||||||||||||
| NORTHWESTERN UNIVERSITY | 1201 DAVIS ST 3RD FLOOR | EVANSTON | IL | 60208 | NONE | I | Scholarship Grant | $30,000 | ||||
| E Senvardarli | ||||||||||||
| NORTHWESTERN UNIVERSITY | 1201 DAVIS ST 3RD FLOOR | EVANSTON | IL | 60208 | NONE | I | Scholarship Grant | $5,000 | ||||
| O S Pamukcu | ||||||||||||
| OBERLIN COLLEGE | 173 W LORAIN ST | OBERLIN | OH | 44074 | NONE | I | SCHOLARSHIP GRANT | $12,500 | ||||
| O S Pamukcu | ||||||||||||
| OBERLIN COLLEGE | 173 W LORAIN ST | OBERLIN | OH | 44074 | NONE | I | SCHOLARSHIP GRANT | $12,500 | ||||
| A E Karalar | ||||||||||||
| PENN STATE UNIVERSITY | 2583 GATEWAY DR 130 BRISTOL PL ONE | STATE COLLEGE | PA | 16801 | NONE | I | Scholarship Grant | $30,000 | ||||
| I U Ayyilmaz | ||||||||||||
| POMONA COLLEGE | 150 E 8TH ST | CLAREMONT | CA | 91711 | NONE | I | Scholarship Grant | $1,800 | ||||
| N Kayin | ||||||||||||
| REGENTS OF THE UNIVERSITY OF CA | 16 SPROUL HALL 1960 | BERKELEY | CA | 94720 | NONE | I | Scholarship Grant | $10,000 | ||||
| SCHWAB CHARITABLE FUND | ||||||||||||
| 211 MAIN ST | SAN FRANCISCO | CA | 94105 | N/A | PC | donor advisor fund | $70,000 | |||||
| G Incesu | ||||||||||||
| STANFORD UNIVERSITY | PO BOX 20466 | STANFORD | CA | 94309 | NONE | I | Scholarship grant | $12,500 | ||||
| G Incesu | ||||||||||||
| STANFORD UNIVERSITY | PO BOX 20466 | STANFORD | CA | 94309 | NONE | I | scholarship grant | $12,500 | ||||
| B El | ||||||||||||
| THE ADMIN OF THE TULANE EDU FUND | PO BOX 61075 | NEW ORLEANS | LA | 70161 | NONE | I | Scholarship GRANT | $7,000 | ||||
| THE CITY UNIVERSITY | ||||||||||||
| N/A | PC | City University's Cass Business School for The Defne and Muhtar Kent Foundation Prize in Entrepreneurship | $4,495 | NORTHAMPTON SQ | LONDON | UK | EC1V 0HB | |||||
| THE CITY UNIVERSITY | ||||||||||||
| N/A | PC | City University's Cass Business School for The Defne and Muhtar Kent Foundation Prize in Entrepreneurship | $4,526 | NORTHAMPTON SQ | LONDON | UK | EC1V 0HB | |||||
| A nder | ||||||||||||
| TRUSTEES OF PRINCETON UNIVERSITY | 701 CARNEGIE CTR | PRINCETON | NJ | 08540 | NONE | I | Scholarship Grant | $3,500 | ||||
| A E Sivasligil | ||||||||||||
| UNIVERSITY OF CHICAGO | 5801 S ELLIS AVE | CHICAGO | IL | 60637 | NONE | I | scholarship grant | $15,000 | ||||
| R Okay | ||||||||||||
| UNIVERSITY OF CHICAGO | 5801 S ELLIS AVE | CHICAGO | IL | 60637 | NONE | I | Scholarship grant | $30,000 | ||||
| D Eracar | ||||||||||||
| UNIVERSITY OF CHICAGO | 5801 S ELLIS AVE | CHICAGO | IL | 60637 | NONE | I | Scholarship GRANT | $7,500 | ||||
| D Eracar | ||||||||||||
| UNIVERSITY OF CHICAGO | 5801 S ELLIS AVE | CHICAGO | IL | 60637 | NONE | I | SCHOLARSHIP GRANT | $7,500 | ||||
| A zpinar | ||||||||||||
| UNIVERSITY OF PENNSYLVANIA | 100 FRANKLIN BLDG 3451 WALNUT ST | PHILADELPHIA | PA | 19104 | NONE | I | Scholarship Grant | $15,000 | ||||
| A zpinar | ||||||||||||
| UNIVERSITY OF PENNSYLVANIA | 100 FRANKLIN BLDG 3451 WALNUT ST | PHILADELPHIA | PA | 19104 | NONE | I | Scholarship Grant | $15,000 | ||||
| E G SIMSEK | ||||||||||||
| YALE UNIVERSITY | PO BOX 209010 | NEW HAVEN | CT | 06520 | NONE | I | SCHOLARSHIP GRANT | $2,175 | ||||
| E G Simsek | ||||||||||||
| YALE UNIVERSITY | PO BOX 209010 | NEW HAVEN | CT | 06520 | NONE | I | SCHOLARSHIP GRANT | $2,175 | ||||
| SCHWAB CHARITABLE FUND | ||||||||||||
| 211 MAIN ST | SAN FRANCISCO | CA | 94105 | N/A | PC | General & Unrestricted (SEE GENERAL EXPLANATION) | $476,190 | |||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $954,961 | 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 | $940 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $670,202 | 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 | $941,604 | 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 | FOREIGN CURRENCY LOSS | Desc |
| Exclusion | 01 | ExclusionCd |
| Exclusion | -$336 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $1,612,410 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,612,410 | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | General Consultations | CategoryTxt |
| Amt | $791 | Amt |
| Disbursements Charitable Prps | $791 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp (2 entries)
| IdentifierIdentifierTxt | Form And Line ReferenceFormAndLineReferenceDesc | Medium ExplanationMediumExplanationTxt |
|---|---|---|
| PART XV (FORM 990-PF): | PART XV (FORM 990-PF): | DISTRIBUTIONS OF PROPERTY VALUE AT FAIR MARKET VALUE AT DATE OF DISTRIBUTION METHOD FOR DETERMINING FMV OF SECURITIES: AVERAGE OF HIGH/LOW ON DATE GRANTED TO CHARITY METHOD OF DETERMINING BOOK VALUE OF SECURITIES: COST OF AVERAGE OF HIGH/LOW ON DATE CONTRIBUTED TO FOUNDATION TOTAL FAIR MARKET VALUE OF PROPERTY: $476,190 TOTAL BOOK VALUE OF PROPERTY: $376,790 TOTAL AMOUNT OF GRANTS: $476,190 FORM 990-PF, PART III, LINE 3 - OTHER INCREASES: $99,400 DETAILS OF ITEMS GRANTED: DESCRIPTION OF PROPERTY: THE COCA-COLA CO UNITS: 9,000 DATE OF DISTRIBUTION: 11-12-2020 GRANT RECIPIENT: SCHWAB CHARITABLE FUND FMV OF PROPERTY: $476,190 BOOK VALUE OF PROPERTY: $376,790 TOTAL AMOUNT OF GRANT: $476,190 |
| Foreign Filing Form Disclosure | Form 8858 | The foundation has prepared this form to the best of its ability based on the information provided to it by the foreign branch on which the foundation is reporting. Any missing or incomplete information is not a willful attempt to withhold such information. |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (57 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ABERDEEN EMERGING MARKETS INST | $43,376 | $58,849 |
| ALTRIA GROUP INC | $45,472 | $45,797 |
| AMERICAN EXPRESS CO | $19,211 | $22,610 |
| AMERICAN FUNDS NEW PERSPECTIVE | $90,127 | $119,346 |
| AMGEN INC | $38,027 | $37,247 |
| APPLE INC | $81,757 | $102,569 |
| AQR MANAGED FUTURES FUND CL I | $119,415 | $103,819 |
| BAIRD CORE PLUS BD FD INSTI CL | $522,272 | $535,852 |
| BRISTOL-MYERS SQUIBB CO | $45,887 | $47,143 |
| CATERPILLAR INC | $39,604 | $48,599 |
| COMCAST CORP | $47,723 | $56,959 |
| CONESTOGA SMALL CAP INST | $26,273 | $40,824 |
| COSTCO WHOLESALE CORPORATION | $27,622 | $30,896 |
| DBX ETF TR/X-TRACKERS MSCI EAF | $714,458 | $782,937 |
| DIAMOND HILL SMALL CAP FUND CL | $31,214 | $28,554 |
| DODGE & COX INCOME FUND | $295,283 | $301,079 |
| DODGE & COX STOCK | $212,050 | $219,644 |
| FPA CRESCENT PORTFOLIO | $96,910 | $104,651 |
| FPA NEW INCOME FUND CLASS A | $292,194 | $293,041 |
| GENERAL MILLS INC | $29,012 | $27,754 |
| GILEAD SCIENCES INC | $34,526 | $30,062 |
| HONEYWELL INTL | $34,401 | $43,816 |
| ILLINOIS TOOL WORKS | $23,565 | $25,281 |
| INFINITY Q DIVERSIFIED ALPHA F | $103,398 | $103,953 |
| INTEL CORP | $41,908 | $38,909 |
| INTERNATIONAL GROWTH AND INCOM | $494,825 | $575,948 |
| ISHARES S&P 500 INDEX FD | $257,809 | $376,892 |
| LOWES COMPANIES INC | $31,058 | $33,386 |
| MASTERCARD INC | $28,237 | $31,411 |
| MERCK & CO INC | $59,984 | $61,186 |
| METROPOLITAN WEST RETURN BOND | $23,911 | $22,976 |
| MICROSOFT CORP | $71,225 | $77,402 |
| NEXTERA ENERGY, INC | $34,126 | $38,189 |
| OAKMARK INTERNATIONAL FUND | $78,526 | $79,426 |
| ORACLE CORP | $39,059 | $44,183 |
| PIMCO INCOME FUND | $240,000 | $251,195 |
| PROCTER GAMBLE CO | $63,612 | $67,622 |
| QUALCOMM INC | $35,863 | $49,663 |
| RAYTHEON TECHNOLOGIES CORP | $25,208 | $28,318 |
| T ROWE PRICE CAP APPRECIATION | $75,832 | $77,188 |
| TARGET CORPORATION | $32,354 | $39,190 |
| TEXAS INSTRUMENTS INC | $39,528 | $46,449 |
| THE BLACKSTONE GROUP INC CL A | $22,911 | $26,442 |
| THE COCA-COLA CO | $11,743,947 | $14,233,118 |
| THE JENSEN PORTFOLIO INC CLASS | $148,166 | $182,116 |
| TWEEDY BROWNE GLOBAL VALUE FUN | $119,598 | $121,856 |
| UNION PACIFIC | $36,491 | $40,186 |
| UNITED PARCEL SERVICE | $39,613 | $48,668 |
| UNITEDHEALTH GROUP INC | $52,954 | $59,265 |
| VANGUARD DIVIDEND GROWTH FD | $912,058 | $1,022,637 |
| VANGUARD EQUITY INCOME - ADMIR | $1,211,266 | $1,335,224 |
| VANGUARD TOTAL BOND MARKET ETF | $181,165 | $181,142 |
| VANGUARD TOTAL BOND MARKET IND | $60,815 | $66,848 |
| VERIZON COMMUNICATIONS | $60,914 | $61,923 |
| VERSUS CAPITAL MULTI MNGR REAL | $25,815 | $25,157 |
| VISA INC | $22,989 | $25,154 |
| WISDOMTREE SC DIV | $384,722 | $467,522 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | General Consultations | CategoryTxt |
| Legal Fees | $985 | LegalFeesAmt |
| Net Investment Income | $440 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $545 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Administrative Fees | $55,551 | $55,551 | |
| Bank Charges | $909 | $909 | |
| Foundation Dues & Memberships | $190 | $190 | |
| Indemnification Insurance | $1,142 | $1,142 | |
| Website Hosting/Support | $1,293 | $1,293 | |
| OFFICE SUPPLIES | $325 | $325 | |
| NOTARY FEES | $152 | $152 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Foreign Currency Loss | Desc |
| Revenue And Expenses Per Books | -$336 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | -$336 | NetInvestmentIncomeAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | GRANTS OF PUBLICLY TRADED SECURITIES | Desc |
| Amt | $99,400 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Investment Management Services | $12,179 | $12,179 | |
| CONSULTANT SERVICES | $24,000 | $24,000 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt |
|---|---|
| 990-PF Estimated Tax for 2020 | $50,700 |
| 990-PF Extension for 2019 | $5,897 |