MAX H GLUCK FOUNDATION INC: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- MAX H GLUCK FOUNDATION INC (EIN 95-3979100)
- Tax period
- 2019-07-01 to 2020-06-30
- Filed
- 2021-05-14
- IRS object ID
- 202141349349102799
- Schema version
- 2019v5.2
- 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
- Accounting Fees Schedule
- Cash Deemed Charitable Expln Stmt
- Depreciation Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Reduction Explanation Statement
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-05-14T17:00:20-05:00 | ReturnTs |
| Tax Period End | 2020-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 472717606 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LEVY LAUTER LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4640 ADMIRALTY WAY SUITE 700 | AddressLine1Txt |
| City | MARINA DEL REY | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90292 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2019-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 953979100 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Max H Gluck Foundation Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MAXH | BusinessNameControlTxt |
| Phone | 3105197011 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 55516 | AddressLine1Txt |
| City | Sherman Oaks | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 91413 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Jon Kaswick | PersonNm |
| Person Title | President | PersonTitleTxt |
| Phone | 3105197011 | PhoneNum |
| Signature | 2021-05-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SUERISCHE VILLAROSA | PreparerPersonNm |
| PTIN | P01498118 | PTIN |
| Phone | 3108273808 | PhoneNum |
| Self Employed | Yes (X) | SelfEmployedInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | 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 | $114,790,781 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $492,296 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $492,296 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $2,388,305 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $2,388,305 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $852,878 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $27,313,799 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $852,878 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $575,591 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $575,591 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $4,309,070 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $4,309,070 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $207,500 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $21,966 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $173,768 | CompOfcrDirTrstDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $9,839 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $748 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $8,480 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $1,192 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $30,822 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $29,281 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $1,541 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $583,094 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $581,515 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $1,137 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $80,527 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $31,713 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $11,388 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $3,667 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Trav Conf Meeting Rev And Expnss | $5,722 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $5,722 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $50,501 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $3,796 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $27,999 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $972,864 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $669,019 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $230,035 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $5,313,056 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $5,154,993 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $6,285,920 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $669,019 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $5,385,028 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$1,976,850 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $3,640,051 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $48,125 | CashBOYAmt |
| Cash EOY | $102,981 | CashEOYAmt |
| Cash EOYFMV | $102,981 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $6,611,056 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $2,533,754 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $2,533,754 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses BOY | $7,979 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $13,238 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $13,238 | PrepaidExpensesEOYFMVAmt |
| US Government Obligations BOY | $8,878,051 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $8,079,966 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $8,079,966 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $38,461,663 | CorporateStockBOYAmt |
| Corporate Stock EOY | $41,460,039 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $41,460,039 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $20,885,279 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $21,921,008 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $21,921,008 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $39,348,534 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $40,387,735 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $40,387,735 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $14,402 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $7,986 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $10,083 | LandBOYAmt |
| Land EOY | $6,416 | LandEOYAmt |
| Land EOYFMV | $6,416 | LandEOYFMVAmt |
| Other Assets BOY | $210,786 | OtherAssetsBOYAmt |
| Other Assets EOY | $285,644 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $285,644 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $114,461,556 | TotalAssetsBOYAmt |
| Total Assets EOY | $114,790,781 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $114,790,781 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $83,807 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $51,793 | AccountsPayableEOYAmt |
| Grants Payable BOY | $4,453,542 | GrantsPayableBOYAmt |
| Grants Payable EOY | $4,611,605 | GrantsPayableEOYAmt |
| Other Liabilities BOY | $14,926 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $24,977 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $4,552,275 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $4,688,375 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $109,909,281 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $110,102,406 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $109,909,281 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $110,102,406 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $114,461,556 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $114,790,781 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $109,909,281 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$1,976,850 | ExcessRevenueOverExpensesAmt |
| Other Increases | $2,169,975 | OtherIncreasesAmt |
| Subtotal | $110,102,406 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $110,102,406 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| Publicly Traded Securities | P | $27,305,176 | $26,401,990 | $903,186 | $903,186 |
| SPZDZ | P | $58,931 | -$58,931 | -$58,931 | |
| Premier Offshore | P | $8,623 | $8,623 | $8,623 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $852,878 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $5,188,977 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $108,187,361 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.047963 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $5,211,120 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $107,604,782 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.048428 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $4,873,366 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $102,830,341 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.047392 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $4,757,628 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $101,330,118 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.046952 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $4,969,888 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $107,721,246 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.046137 | DistributionYr5Rt |
| Total Distribution | 0.236872 | TotalDistributionRt |
| Average Distribution | 0.047374 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $107,309,894 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $5,083,699 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $36,401 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $5,120,100 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $5,385,028 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $36,401 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $36,401 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $36,401 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $42,732 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $20,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $62,732 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $26,331 | OverpaymentAmt |
| Applied To ES Tax | $26,331 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | www.gluckfoundation.org | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LEVY LAUTER LLP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3108273808 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4640 ADMIRALTY WAY SUITE 700 | AddressLine1Txt |
| City | MARINA DEL REY | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90292 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (7 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 | Address Line2USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|---|
| JON A KASWICK MD | |||||||||
| P O Box 55516 | Sherman Oaks | CA | 91413 | President | 2.00 | $2,000 | $0 | $0 | |
| Richard Reinis | |||||||||
| 2121 Ave of the Stars Ste 900 | Los Angeles | CA | 90067 | Director | 1.00 | $2,000 | $0 | $0 | |
| Jennifer Kaswick | |||||||||
| P O Box 55516 | Sherman Oaks | CA | 91413 | Secretary | 1.00 | $2,000 | $0 | $0 | |
| Julie Kaswick | |||||||||
| P O Box 55516 | Sherman Oaks | CA | 91413 | Secretary | 1.00 | $2,000 | $0 | $0 | |
| Jessica Kaswick | |||||||||
| 5710 Crescent Park East Apartment | Playa Vista | CA | 90094 | Executive Director | 40.00 | $195,500 | $0 | $0 | 314 |
| Cathy Hession | |||||||||
| P O Box 55516 | Sherman Oaks | CA | 91413 | Director | 1.00 | $2,000 | $0 | $0 | |
| Hetal Patel | |||||||||
| P O Box 55516 | Sherman Oaks | CA | 91413 | Director | 1.00 | $2,000 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $105,862,026 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $5,760,591 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $298,882 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $111,921,499 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $1,076,744 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $111,921,499 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $4,611,605 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $107,309,894 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $5,365,495 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $5,365,495 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $36,401 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $36,401 | TotalTaxAmt |
| Distributable Before Adj | $5,329,094 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $5,329,094 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $5,329,094 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $5,385,028 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $5,385,028 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $36,401 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $5,348,627 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $5,329,094 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $590,378 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $5,385,028 | QualifyingDistributionsAmt |
| Applied To Year1 | $590,378 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $4,794,650 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $534,444 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (41 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| 24th Street Theatre | |||||||
| 1117 West 24th Street | Los Angeles | CA | 90007 | N/A | PC | Arts Education | $47,000 |
| Angels Gate Cultural Center | |||||||
| 3601 S Gaffey Street | San Pedro | CA | 90731 | N/A | PC | Arts Education | $100,000 |
| Boys and Girls Club of LA Harbor | |||||||
| 1200 S Cabrillo Ave | San Pedro | CA | 90731 | N/A | PC | Arts Education | $75,000 |
| CA Hospital Medical Center | |||||||
| 1401 S Grand Ave | los Angeles | CA | 90015 | N/A | PC | Hosiptal Patient Arts Education | $20,000 |
| Carnegie HallThe Academy | |||||||
| 881 Seventh Avenue | New York | NY | 10019 | N/A | PC | Arts Education | $150,000 |
| Children's Hospital of Los Angeles | |||||||
| 3303 Wilshire Boulevard Ste 320 | Los Angeles | CA | 90010 | N/A | PC | Hospital Patient Arts Education | $30,000 |
| Conga Kids | |||||||
| 5858 Wilshire Blvd | Los Angeles | CA | 90036 | N/A | PC | Capacity Building | $50,000 |
| Greater Los Angeles Zoo Association | |||||||
| 5333 Zoo Drive | Los Angeles | CA | 90027 | N/A | PC | Children's Zoo | $50,000 |
| Harmony Project | |||||||
| 817 Vine Street Ste 212 | Los Angeles | CA | 90038 | N/A | PC | Arts Education | $150,000 |
| Hillsides | |||||||
| 940 Avenue 64 | Pasadena | CA | 91105 | N/A | PC | Education | $25,000 |
| Homes 4 Families | |||||||
| 21031 Ventura Blvd Suite 610 | Woodland Hills | CA | 91364 | N/A | PC | Arts Education | $50,000 |
| Inner City Arts | |||||||
| 720 Kohler St | Los Angeles | CA | 90021 | N/A | PC | Arts Education | $30,000 |
| LA's Best | |||||||
| 200 N Spring St Ste M-120 | Los Angeles | CA | 90012 | N/A | PC | Arts Education | $82,000 |
| Leo Baeck Temple | |||||||
| 1300 N Sepulveda Blvd | Los Angeles | CA | 90049 | N/A | PC | Arts Education | $50,000 |
| Los Angeles County Museum of Art | |||||||
| 5905 Wilshire Blvd | Los Angeles | CA | 90036 | N/A | PC | Maya Mobile/Arts Education LAUSD | $585,832 |
| Los Angeles Museum of the Holocaust | |||||||
| 100 The Grove Dr | Los Angeles | CA | 90036 | N/A | PC | Education | $80,000 |
| Los Angeles Opera | |||||||
| 135 N Grand Ave | Los Angeles | CA | 90012 | N/A | PC | Arts Education | $280,000 |
| Los Angeles Philharmonic Association | |||||||
| 135 N Grand Ave | Los Angeles | CA | 90012 | N/A | PC | Arts Education | $432,850 |
| Natural History Museum | |||||||
| 10th St Constitution Avenue | Washington DC | DC | 20560 | N/A | PC | Music Education/Student Fellowships | $628,666 |
| Orange County High School for The Arts | |||||||
| 1010 N Main Street | Santa Ana | CA | 92701 | N/A | PC | Support Community Service Arts Programs | $75,000 |
| Regents of UC-Riverside | |||||||
| 900 University Ave/3143 HMNSS | Riverside | CA | 92521 | N/A | PC | Music Education/Student Fellowships | $519,387 |
| The Colburn School | |||||||
| 200 S Grand Ave | Los Angeles | CA | 90012 | N/A | PC | Arts Education Programs | $590,966 |
| United Friends of the Children | |||||||
| 1055 Wilshire Blvd 1955 | Los Angeles | CA | 90017 | N/A | PC | Education | $50,000 |
| Westside Family Health Center | |||||||
| 1711 Ocean Park Blvd | Santa Monica | CA | 90405 | N/A | PC | Hosiptal Patient Arts Education | $100,000 |
| WriteGirl | |||||||
| 1330 Factory Pl Unit F104 | Los Angeles | CA | 90013 | N/A | PC | Arts Education | $25,000 |
| Crossroads School | |||||||
| 1714 21st St 3917 | Santa Monica | CA | 90404 | n/A | PC | Education | $500 |
| Fulcrum Arts | |||||||
| 49 Stouts Ln | Monmouth Junction | NJ | 08852 | N/A | PC | ART EDUCATION | $25,000 |
| Fulfillment Fund | |||||||
| 6100 Wilshire Blvd Suite 600 | Los Angeles | CA | 90048 | N/A | PC | EDUCATION | $67,639 |
| Harbor Community Health Center | |||||||
| 735 Attucks Ln | Hyannis | MA | 02601 | N/A | PC | Hosiptal Patient Arts Education | $50,000 |
| Harvard Westlake School | |||||||
| 700 N Faring Rd | Los Angeles | CA | 90077 | n/A | PC | Education | $500 |
| The Juilliard School | |||||||
| 60 Lincoln Center | new York | NY | 10023 | n/A | PC | Student Fellowship Program | $275,000 |
| Los Angeles Regional Food Bank | |||||||
| 1734 E 41st St | Los Angeles | CA | 90058 | n/A | PC | Food Support | $1,000 |
| Partners with Families & Children | |||||||
| 106 W Mission Ave | Spokane | WA | 99201 | N/A | PC | EDUCATION | $500 |
| Performing Arts Center of Los Angeles County | |||||||
| 135 N Grand Ave | los Angeles | CA | 90012 | n/A | PC | The Music Center's Arts Integration Partnerships | $50,000 |
| Pitman Animal Rescue Foundation | |||||||
| 10626 Ohio Ave | Los Angeles | CA | 90024 | n/A | PC | Animal Rescue | $500 |
| UCLA - Music Education | |||||||
| 445 Charles E Young Dr E | lOS Angeles | CA | 90095 | n/A | pc | Music Education | $275,903 |
| UCLA - School of Theatre | |||||||
| 225 Charles E Young Dr E | los Angeles | CA | 90095 | n/A | pc | Education | $20,000 |
| Venice Family Clinic | |||||||
| 604 Rose Ave | Venice | CA | 90291 | n/A | PC | Education and Support Program | $50,000 |
| The People Concern | |||||||
| 2116 Arlington Ave Suite 100 | Los Angeles | CA | 90018 | N/A | pc | Education | $500 |
| Westchester Medical Center Foundation | |||||||
| 100 Woods Road | Valhalla | NY | 10595 | N/A | PC | EDUCATION AND SUPPORT PROGRAM | $56,250 |
| Southern California Grantmakers Association | |||||||
| 1000 North Alameda St Suite 230 | Los Angeles | CA | 90012 | N/A | pc | EDUCATION | $5,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $5,154,993 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $492,296 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $2,388,305 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $575,591 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $852,878 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $4,309,070 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $4,309,070 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Audit & Accounting Fees | CategoryTxt |
| Amt | $30,822 | Amt |
| Net Investment Income | $29,281 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $1,541 | DisbursementsCharitablePrpsAmt |
Cash Deemed Charitable Expln Stmt CashDeemedCharitableExplnStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Short Explanation | In accordance with Reg. 53.4942(a)-2(c)(3)(iv), the Foundation is excluding from its minimum investment return (MIR) calculation a total of $4,611,605 in cash that it deems held for charitable activities. This amount is in excess of 1.5% of the fair market value (FMV) of the Foundation's total assets. The following information is submitted in support of the exclusion of $4,611,605 from MIR: 1. FMV of Foundation's average total assets- Part X, Line 3: $111,921,499 2. 1.5% of line 1: $1,587,930 3. Justification of the exclusion of an amount in excess of the amount on line 2: As of June 30, 2020, the Foundation has grant commitments of $4,611,605 of which $2,759,197 is required to be funded by September 2020, and $1,852,407 by March 2021. Therefore, a total of $4,611,605 is deemed held for charitable activities. Historically, the Foundation has funded grant commitments ranging from $4,165,000 to $5,436,000 annually. | ShortExplanationTxt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (5 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|---|---|---|---|
| Office Furniture | 1991-11-27 | $706 | $706 | SL | 7.000000000000 | $0 | $0 |
| Office Furniture-Chest | 1991-12-11 | $170 | $170 | SL | 7.000000000000 | $0 | $0 |
| Conference Table & Chairs | 1995-04-01 | $1,189 | $1,189 | SL | 7.000000000000 | $0 | $0 |
| Office Filing Cabinets | 2006-08-24 | $1,337 | $1,337 | SL | 10.000000000000 | $0 | $0 |
| Office Software | 2019-04-04 | $11,000 | $917 | SL | 3.000000000000 | $3,667 | $0 |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (3 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| Morgan Stanley 237-029670 Corporate Bonds | $8,242,343 | $8,242,343 |
| Morgan Stanley 237-029935 Corporate Bonds | $5,832,363 | $5,832,363 |
| Morgan Stanley 237-029733 Corporate Bonds | $7,846,302 | $7,846,302 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (6 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| Morgan Stanley 237-029670 Stock | $3,336,250 | $3,336,250 |
| Morgan Stanley 237-029664 Stock | $8,773,287 | $8,773,287 |
| Morgan Stanley 237-029729 Stock | $8,485,992 | $8,485,992 |
| Morgan Stanley 237-029932 Stock | $8,709,203 | $8,709,203 |
| Morgan Stanley 237-029731 Stock | $5,735,352 | $5,735,352 |
| Morgan Stanley 237-029856 Stock | $6,419,955 | $6,419,955 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $8,079,966 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $8,079,966 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $0 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $0 | StateLocalSecEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (10 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| Morgan Stanley 237-029670 Templeton Global Bond Fund | FMV | $6,508,330 | $6,508,330 |
| Morgan Stanley 237-029670 Alkeon Growth Offshore Fund | FMV | $5,805,833 | $5,805,833 |
| Morgan Stanley 237-029670 Millennium Int'L Hedge Fund | FMV | $4,513,014 | $4,513,014 |
| UMB - Blackgold Opportunity Offshore Fund | FMV | $448,593 | $448,593 |
| Morgan Stanley 237-029670 Lord Abbett Sht Duration | FMV | $5,589,738 | $5,589,738 |
| Morgan Stanley 368 Pimco Income | FMV | $6,638,168 | $6,638,168 |
| Morgan Stanley 368 AMG Yacktman | FMV | $7,800,283 | $7,800,283 |
| Morgan Stanley 237-029670 MSILF Money Market PTF INST | FMV | $2,661,231 | $2,661,231 |
| Morgan Stanley 237-029670 Premier Offshore SP VIII | FMV | $239,335 | $239,335 |
| Morgan Stanley 237-029670 PE Premier Offshore SP VII CPV | FMV | $183,210 | $183,210 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (5 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt |
|---|---|---|---|
| Office Furniture | $706 | $706 | $0 |
| Office Furniture-Chest | $170 | $170 | $0 |
| Conference Table & Chairs | $1,189 | $1,189 | $0 |
| Office Filing Cabinets | $1,337 | $1,337 | $0 |
| Office Software | $11,000 | $4,584 | $6,416 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal Fees | CategoryTxt |
| Legal Fees | $1,192 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| ACCRUED DIVIDENDS AND INTEREST ON INVESTMENTS | $210,786 | $190,521 | $190,521 |
| SECURITY SALES PROCEEDS RECEIVABLE | $0 | $95,123 | $95,123 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Insurance | $13,156 | $0 | $11,314 |
| Bank Charges | $55 | $0 | $0 |
| Office Supplies/Expenses | $16,809 | $0 | $0 |
| Investment Transaction Fees | $3,796 | $3,796 | $0 |
| Grantmaking Organization Dues | $16,685 | $0 | $16,685 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| OTHER INCOME | $37 | $37 | $37 |
| CAPITAL GAIN DISTRIBUTION | $575,554 | $575,554 | $575,554 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Unrealized Net Capital Gain on Investments | Desc |
| Amt | $2,169,975 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| Excise Tax Payable | $14,926 | $0 |
| Security Purchases Payable | $0 | $24,977 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Consulting Fees | $1,579 | $0 | $1,137 |
| Investment Advisory Fees | $581,515 | $581,515 | $0 |
Reduction Explanation Statement ReductionExplanationStatement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Short Explanation | The following information is submitted in support of the reduction from fair market value (FMV) claimed on line 1e of Part X under the authority of IRC Sec. 4942(e)(2)(B) and Reg. 53.4942(a)-2(c)(4): 1. Securities description: 10,343 units Alkeon Growth Offshore Fund - $5,805,833.00 467 units Blackgold Opportunity Offshore Fund - $448,593.00 2,584 units Millennium International HedgeFocus Fund - $4,513,014.00 2. Foundation's ownership in each fund: less than 3% 3. Total FMV of the securities prior to the valuation discount: $10,767,440 4. Amount of discount claimed: 10%, $1,076,744 5. Discount justification: The Foundation's investment in the above funds are subject to certain redemption restrictions, which may result in the Foundation not receiving sales proceeds for in excess of 6 months. A 10% discount to the value of these funds has therefore been included to reflect their lack of liquidity. | ShortExplanationTxt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| State Filing Fees | $220 | $0 | $0 |
| Excise Taxes | $36,401 | $0 | $0 |
| Foreign Tax Withheld | $30,691 | $30,691 | $0 |
| Payroll Taxes | $13,215 | $1,022 | $11,388 |