MAX H GLUCK FOUNDATION INC: Form 990PF, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- MAX H GLUCK FOUNDATION INC (EIN 95-3979100)
- Tax period
- 2018-07-01 to 2019-06-30
- Filed
- 2020-05-14
- IRS object ID
- 202001359349100845
- Schema version
- 2018v3.1
- 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
- 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 Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Reduction Explanation Statement
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-05-14T12:22:32-05:00 | ReturnTs |
| Tax Period End | 2019-06-30 | 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 | 2018-07-01 | 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 | 2020-05-14 | 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 |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 208.82.213.4 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-05-14 | IPDt |
| IP Tm | 10:22:18 | IPTm |
| IP Timezone | PD | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | B602D594AFD2B0B327E07A06F36CA6A7E42546D0 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | B602D594AFD2B0B327E07A06F36CA6A7E42546D0 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2021-09-10 13:11:23Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $114,461,556 | 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 | $61,372 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $61,372 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $3,134,545 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $3,134,545 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $3,315,164 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $52,050,655 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $3,315,164 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $6,511,081 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $6,511,081 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $280,252 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $27,136 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $236,831 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $24,000 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $0 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $7,898 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $600 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $6,807 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $23,589 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $61,083 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $58,029 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $3,055 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $667,992 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $661,813 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $4,449 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $145,753 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $66,365 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $18,473 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $917 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Trav Conf Meeting Rev And Expnss | $13,851 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $13,851 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $56,596 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $18,206 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $9,500 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,281,931 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $832,149 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $292,966 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $5,653,242 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $4,952,800 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $6,935,173 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $832,149 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $5,245,766 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$424,092 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $5,678,932 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $18,459 | CashBOYAmt |
| Cash EOY | $48,125 | CashEOYAmt |
| Cash EOYFMV | $48,125 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $7,187,951 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $6,611,056 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $6,611,056 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses BOY | $6,311 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $7,979 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $7,979 | PrepaidExpensesEOYFMVAmt |
| US Government Obligations BOY | $11,062,275 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $8,878,051 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $8,878,051 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $51,474,522 | CorporateStockBOYAmt |
| Corporate Stock EOY | $38,461,663 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $38,461,663 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $22,405,129 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $20,885,279 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $20,885,279 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $20,860,896 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $39,348,534 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $39,348,534 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $14,402 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $4,319 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $0 | LandBOYAmt |
| Land EOY | $10,083 | LandEOYAmt |
| Land EOYFMV | $10,083 | LandEOYFMVAmt |
| Other Assets BOY | $225,980 | OtherAssetsBOYAmt |
| Other Assets EOY | $210,786 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $210,786 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $113,241,523 | TotalAssetsBOYAmt |
| Total Assets EOY | $114,461,556 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $114,461,556 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $65,863 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $83,807 | AccountsPayableEOYAmt |
| Grants Payable BOY | $3,753,101 | GrantsPayableBOYAmt |
| Grants Payable EOY | $4,453,542 | GrantsPayableEOYAmt |
| Other Liabilities BOY | $507,625 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $14,926 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $4,326,589 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $4,552,275 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $108,914,934 | UnrestrictedBOYAmt |
| Unrestricted EOY | $109,909,281 | UnrestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $108,914,934 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $109,909,281 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $113,241,523 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $114,461,556 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $108,914,934 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$424,092 | ExcessRevenueOverExpensesAmt |
| Other Increases | $1,418,439 | OtherIncreasesAmt |
| Subtotal | $109,909,281 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $109,909,281 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| Publicly Traded Securities | P | $52,046,325 | $48,735,491 | $3,310,834 | $3,310,834 |
| Safety-Kleen Corp Stockholders Litigation Settlement | P | $4,330 | $4,330 | $4,330 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $3,315,164 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $5,211,120 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $107,604,782 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.048428 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $4,873,366 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $102,830,341 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.047392 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $4,757,628 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $101,330,118 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.046952 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $4,969,888 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $107,721,246 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.046137 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $4,150,947 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $106,843,684 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.038851 | DistributionYr5Rt |
| Total Distribution | 0.227760 | TotalDistributionRt |
| Average Distribution | 0.045552 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $108,187,361 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $4,928,151 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $56,789 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $4,984,940 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $5,245,766 | 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 | $56,789 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $56,789 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $56,789 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $42,521 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $35,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $77,521 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $20,732 | OverpaymentAmt |
| Applied To ES Tax | $20,732 | 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 (10 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 | |
| Betty S Shelhamer | |||||||||
| P O Box 55516 | Sherman Oaks | CA | 91413 | Director | 1.00 | $2,000 | $0 | $0 | |
| Camilla Townsend | |||||||||
| 2019 West 35th Street | San Pedro | CA | 90732 | Executive Director | 25.00 | $135,252 | $0 | $0 | |
| Jessica Kaswick | |||||||||
| 5710 Crescent Park East Apartment | Playa Vista | CA | 90094 | Deputy Executive Director | 40.00 | $37,500 | $0 | $0 | 314 |
| Jessica Kaswick | |||||||||
| 5710 Crescent Park East Apartment | Playa Vista | CA | 90094 | Executive Director | 40.00 | $94,500 | $0 | $0 | 314 |
| Cathy Hession | |||||||||
| P O Box 55516 | Sherman Oaks | CA | 91413 | Director | 1.00 | $1,500 | $0 | $0 | |
| Hetal Patel | |||||||||
| P O Box 55516 | Sherman Oaks | CA | 91413 | Director | 1.00 | $1,500 | $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 | $106,276,037 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $6,146,101 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $218,765 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $112,640,903 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $1,129,463 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $112,640,903 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $4,453,542 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $108,187,361 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $5,409,368 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $5,409,368 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $56,789 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $56,789 | TotalTaxAmt |
| Distributable Before Adj | $5,352,579 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $5,352,579 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $5,352,579 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $5,245,766 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $5,245,766 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $56,789 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $5,188,977 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $5,352,579 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $483,565 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $5,245,766 | QualifyingDistributionsAmt |
| Applied To Year1 | $483,565 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $4,762,201 | 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 | $590,378 | 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 (30 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | Address Line2RecipientUSAddress/AddressLine2Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|---|
| Autry Museum of the American West | ||||||||
| Griffith Park 4700 Western Heritage | Way | Los Angeles | CA | 90027 | N/A | PC | Arts Education | $25,000 |
| 24th Street Theatre | ||||||||
| 1117 West 24th Street | Los Angeles | CA | 90007 | N/A | PC | Arts Education | $147,000 | |
| 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 | |
| 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 | $74,505 | |
| Conga Kids | ||||||||
| 5858 Wilshire Blvd | Los Angeles | CA | 90036 | N/A | PC | Capacity Building | $35,000 | |
| Greater Los Angeles Zoo Association | ||||||||
| 5333 Zoo Drive | Los Angeles | CA | 90027 | N/A | PC | Children's Zoo | $99,400 | |
| Harmony Project | ||||||||
| 817 Vine Street Ste 212 | Los Angeles | CA | 90038 | N/A | PC | Arts Education | $150,000 | |
| 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 | $175,000 | |
| Los Angeles County High School of the Arts | ||||||||
| 5905 Wilshire Blvd | Los Angeles | CA | 90036 | N/A | PC | Outreach Program | $25,000 | |
| Los Angeles County Museum of Art | ||||||||
| 5905 Wilshire Blvd | Los Angeles | CA | 90036 | N/A | PC | Maya Mobile/Arts Education LAUSD | $293,166 | |
| Los Angeles Museum of the Holocaust | ||||||||
| 100 The Grove Dr | Los Angeles | CA | 90036 | N/A | PC | Education | $205,000 | |
| 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 | $337,333 | |
| 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 | $555,000 | |
| The Colburn School | ||||||||
| 200 S Grand Ave | Los Angeles | CA | 90012 | N/A | PC | Arts Education Programs | $640,644 | |
| The Juilliard School | ||||||||
| 60 Lincoln Center | New York | NY | 10023 | N/A | PC | Student Fellowship Program | $275,000 | |
| UCLA School of Arts & Architecture | ||||||||
| 240 Charles Young Dr N | Los Angeles | CA | 90095 | N/A | PC | Arts Education | $275,902 | |
| The Shakespeare Center of Los Angeles | ||||||||
| 1238 W 1st St | Los Angeles | CA | 90026 | N/A | PC | Arts Education | $100,000 | |
| 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 | $120,000 | |
| WriteGirl | ||||||||
| 1330 Factory Pl Unit F104 | Los Angeles | CA | 90013 | N/A | PC | Arts Education | $25,000 | |
| CA Hospital Medical Center | ||||||||
| 1401 S Grand Ave | los Angeles | CA | 90015 | N/A | PC | Hosiptal Patient Arts Education | $50,000 | |
| 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 | $25,000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $4,952,800 | 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 | $61,372 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $3,134,545 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $3,315,164 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $6,511,081 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $6,511,081 | 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 | $61,083 | Amt |
| Net Investment Income | $58,029 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $3,055 | 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 $4,453,542 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 $4,453,542 from MIR: 1. FMV of Foundation's average total assets- Part X, Line 3: $112,640,903 2. 1.5% of line 1: $1,689,614 3. Justification of the exclusion of an amount in excess of the amount on line 2: As of June 30, 2019, the Foundation has grant commitments of $4,453,542 of which $2,582,071 is required to be funded by September 2019, and $1,871,471 by March 2020. Therefore, a total of $4,453,542 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 | SL | 3.000000000000 | $917 | $0 |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (3 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| Morgan Stanley 237-029670 Corporate Bonds | $8,649,725 | $8,649,725 |
| Morgan Stanley 237-029935 Corporate Bonds | $4,384,187 | $4,384,187 |
| Morgan Stanley 237-029733 Corporate Bonds | $7,851,367 | $7,851,367 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (6 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| Morgan Stanley 237-029670 Stock | $1,972,149 | $1,972,149 |
| Morgan Stanley 237-029664 Stock | $7,524,241 | $7,524,241 |
| Morgan Stanley 237-029729 Stock | $8,137,718 | $8,137,718 |
| Morgan Stanley 237-029932 Stock | $8,346,225 | $8,346,225 |
| Morgan Stanley 237-029731 Stock | $5,866,664 | $5,866,664 |
| Morgan Stanley 237-029856 Stock | $6,614,666 | $6,614,666 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $8,878,051 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $8,878,051 | 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 | $6,676,877 | $6,676,877 |
| Morgan Stanley 237-029670 Alkeon Growth Offshore Fund | FMV | $4,221,993 | $4,221,993 |
| Morgan Stanley 237-029670 Millennium Int'L Hedge Fund | FMV | $4,423,979 | $4,423,979 |
| UMB - Blackgold Opportunity Offshore Fund | FMV | $2,648,663 | $2,648,663 |
| Morgan Stanley 237-029670 Lord Abbett Sht Duration | FMV | $5,729,330 | $5,729,330 |
| Morgan Stanley 368 Pimco Income | FMV | $6,809,158 | $6,809,158 |
| Morgan Stanley 368 AMG Yacktman | FMV | $8,125,271 | $8,125,271 |
| Morgan Stanley 237-029670 MSILF Money Market PTF INST | FMV | $602,474 | $602,474 |
| Morgan Stanley 237-029670 Premier Offshore SP VIII | FMV | $33,246 | $33,246 |
| Morgan Stanley 237-029670 PE Premier Offshore SP VII CPV | FMV | $77,543 | $77,543 |
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 | $917 | $10,083 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal Fees | CategoryTxt |
| Legal Fees | $23,589 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ACCRUED DIVIDENDS AND INTEREST ON INVESTMENTS | Desc |
| BOY Book Value | $225,980 | BOYBookValueAmt |
| EOY Book Value | $210,786 | EOYBookValueAmt |
| EOYFMV | $210,786 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Insurance | $10,072 | $0 | $0 |
| Bank Charges | $85 | $0 | $0 |
| Office Supplies/Expenses | $18,733 | $0 | $0 |
| Investment Transaction Fees | $18,206 | $18,206 | $0 |
| Grantmaking Organization Dues | $9,500 | $0 | $9,500 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Unrealized Net Capital Gain on Investments | Desc |
| Amt | $1,418,439 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| Securitiy Purchases Payable | $500,000 | $0 |
| Excise Tax Payable | $7,625 | $14,926 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Consulting Fees | $6,179 | $0 | $4,449 |
| Investment Advisory Fees | $661,813 | $661,813 | $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 - $4,221,993.00 2,087 units Blackgold Opportunity Offshore Fund - $2,648,663.00 2,883 units Millennium International HedgeFocus Fund - $4,423,979.00 2. Foundation's ownership in each fund: less than 3% 3. Total FMV of the securities prior to the valuation discount: $11,294,635 4. Amount of discount claimed: 10%, $1,129,464 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 | $180 | $0 | $0 |
| Excise Taxes | $57,447 | $0 | $0 |
| Foreign Tax Withheld | $64,708 | $64,708 | $0 |
| Payroll Taxes | $23,418 | $1,657 | $18,473 |