Swain Barber Foundation: Form 990PF, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- Swain Barber Foundation (EIN 30-6284989)
- Tax period
- 2018-12-01 to 2019-11-30
- Filed
- 2020-09-28
- IRS object ID
- 202032729349100753
- Schema version
- 2018v3.2
- 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
- Dissolution Stmt
- General Explanation Attachment
- Liquidation Explanation Stmt
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-09-28T17:03:50-05:00 | ReturnTs |
| Tax Period End | 2019-11-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 043074582 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Mary C Buletza CPA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O Box 730 | AddressLine1Txt |
| City | Point Pleasant | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 087420730 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2018-12-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 306284989 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Swain Barber Foundation | BusinessNameLine1Txt |
| Business Name Line2 | dated March 28 2011 | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SWAI | BusinessNameControlTxt |
| Phone | 7322951000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O Mary C Buletza CPA PO Box 730 | AddressLine1Txt |
| City | Point Pleasant | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 087420730 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Peter Walker Grousbeck | PersonNm |
| Person Title | Trustee | PersonTitleTxt |
| Phone | 7322951000 | PhoneNum |
| Signature | 2020-08-29 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Mary C Buletza | PreparerPersonNm |
| PTIN | P00546079 | PTIN |
| Phone | 7322951000 | PhoneNum |
| Preparation | 2020-08-29 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 50.79.101.5 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-08-29 | IPDt |
| IP Tm | 14:45:00 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 043D56C4E7C3961152ADC9DA5866B7B5D112E844 | 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) |
|---|---|---|
| Final Return | Yes (X) | FinalReturnInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $0 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
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 | $148,982 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $148,982 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $1,085,525 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,078,638 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $3,057,281 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $3,057,281 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $3,010,899 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $109,696 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $38,677 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $4,401,484 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $4,277,196 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $65,000 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $27,500 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $10,000 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $16,000 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $0 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $16,000 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $28,230 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $17,027 | InterestNetInvstIncmAmt |
| Interest Dsbrs Chrtbl | $0 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $54,702 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $12,694 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $927,117 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $869,257 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $150 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,091,049 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $926,478 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $26,150 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,281,699 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,281,699 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,372,748 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $926,478 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,307,849 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $2,028,736 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $3,350,718 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $775,915 | CashBOYAmt |
| Other Assets BOY | $43,363,187 | OtherAssetsBOYAmt |
| Other Assets EOY | $0 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $0 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $44,139,102 | TotalAssetsBOYAmt |
| Total Assets EOY | $0 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $0 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $44,139,102 | RetainedEarningBOYAmt |
| Retained Earning EOY | $0 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $44,139,102 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $0 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $44,139,102 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $0 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $44,139,102 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $2,028,736 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $46,167,838 | SubtotalAmt |
| Other Decreases | $46,167,838 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $0 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (8 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | Cost Or Other BasisCostOrOtherBasisAmt |
|---|---|---|---|---|---|---|---|
| K-1 LTCG | P | 2018-11-30 | 2019-11-30 | $1,746,362 | $1,746,362 | $1,746,362 | |
| K-1 LTCG UBI | P | 2018-11-30 | 2019-11-30 | $11,271 | $0 | $0 | $11,271 |
| K-1 Sec 1231 | P | 2018-11-30 | 2019-11-30 | $56,437 | $56,437 | $56,437 | |
| K-1 Sec 1231 UBI | P | 2018-11-30 | 2019-11-30 | $34,986 | $0 | $0 | $34,986 |
| K-1 Sec 1256 - 40% | P | 2018-12-01 | 2019-11-30 | $200,976 | $200,976 | $200,976 | |
| K-1 Sec 1256 - 60% | P | 2018-11-30 | 2019-11-30 | $301,465 | $301,465 | $301,465 | |
| K-1 STCG | P | 2018-12-01 | 2019-11-30 | $705,659 | $705,659 | $705,659 | |
| K-1 STCG UBI | P | 2018-12-01 | 2019-11-30 | $125 | $0 | $0 | $125 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $3,010,899 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $2,040,529 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $47,013,413 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.043403 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $1,800,842 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $46,214,677 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.038967 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $5,271 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $44,072,026 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.000120 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $2,381,227 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $43,431,271 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.054827 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $2,714,379 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $44,955,083 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.060380 | DistributionYr5Rt |
| Total Distribution | 0.197697 | TotalDistributionRt |
| Average Distribution | 0.039539 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $30,284,746 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $1,197,429 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $33,507 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $1,230,936 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $1,307,849 | 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 | $33,507 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $33,507 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $33,507 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $33,500 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $33,500 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Tax Due | $7 | TaxDueAmt |
| Applied To ES Tax | $0 | 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 | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Organization Dissolved Etc | Yes (1) | 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 | N/A | WebsiteAddressTxt |
| Individual With Books | Peter Walker Grousbeck | IndividualWithBooksNm |
| Phone | 3236651144 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 29129 | AddressLine1Txt |
| City | Los Angeles | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90029 | 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 (2 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 |
|---|---|---|---|---|---|---|---|---|
| Peter Walker Grousbeck | ||||||||
| PO Box 29129 | Los Angeles | CA | 90029 | Trustee | 1.00 | $0 | $0 | $0 |
| Brie Cameron Grousbeck | ||||||||
| PO Box 29129 | Los Angeles | CA | 90029 | Trustee | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Mary C Buletza CPA | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 730 | AddressLine1Txt |
| City | Point Pleasant | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07748 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | Accounting and tax services | ServiceTypeTxt |
| Compensation | $65,000 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 | $23,864,831 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $6,881,104 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $30,745,935 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $30,745,935 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $461,189 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $30,284,746 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,514,237 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,514,237 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $33,507 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $3,724 | IncomeTaxAmt |
| Total Tax | $37,231 | TotalTaxAmt |
| Distributable Before Adj | $1,477,006 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $1,477,006 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $1,477,006 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,307,849 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,307,849 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $33,507 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,274,342 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,477,006 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $490,361 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,307,849 | QualifyingDistributionsAmt |
| Applied To Year1 | $490,361 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $817,488 | 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 | $659,518 | 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
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | Peter W Grousbeck Trustee | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 29129 | AddressLine1Txt |
| City | Los Angeles | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90029 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 3236651144 | RecipientPhoneNum |
| Recipient Email Address | swainbarber@gmail.com | RecipientEmailAddressTxt |
| Form And Info And Materials | No formal procedures have been established at this time. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | No deadlines have been established at this time. | SubmissionDeadlinesTxt |
| Restrictions On Awards | Grants are limited to IRC Section 501 (c)(3) defined purposes and charities. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|
| Building Bridges for Peace | ||||||||
| PO Box 101958 | Denver | CO | 802501958 | N/A | Public charities | General | $50,000 | |
| Center for Reproductive Rights | ||||||||
| 199 Water Street | New York | NY | 10038 | N/A | Public charities | General | $100,000 | |
| Downtown Women's Center | ||||||||
| 333 S Los Angeles Street | Los Angeles | CA | 90013 | N/A | Public charities | General | $100,000 | |
| Green Science Policy Institute | ||||||||
| PO Box 9127 | Berkeley | CA | 94709 | N/A | Public charities | General | $100,000 | |
| Heal the Bay | ||||||||
| 1444 9th Street | Santa Monica | CA | 90401 | N/A | Public charities | General | $500,000 | |
| K-1 Allocation | ||||||||
| 3000 Sand Hill Road Bldg 1 Suite | Menlo Park | CA | 940257123 | N/A | Public charities | General | $99 | 210 |
| LA Conservation Corps | ||||||||
| 605 W Olympic Blvd Suite 450 | Los Angeles | CA | 90015 | N/A | Public charities | General | $100,000 | |
| University of Iowa Foundation | ||||||||
| One West Park Road | Iowa City | IA | 52242 | N/A | Public charities | General | $31,600 | |
| World Wildlife Foundation | ||||||||
| 1250 24th Street NW | Washington | DC | 20037 | N/A | Public charities | General | $200,000 | |
| Youth Emerging Stronger | ||||||||
| PO Box 988 | Los Angeles | CA | 90028 | N/A | Public charities | General | $100,000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,281,699 | 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 | $148,982 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 900099 | BusinessCd |
| Unrelated Business Taxbl Incm | $6,887 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,078,638 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 900099 | BusinessCd |
| Unrelated Business Taxbl Incm | $62,847 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 14 | ExclusionCd |
| Exclusion | $46,849 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 900099 | BusinessCd |
| Unrelated Business Taxbl Incm | $46,382 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 14 | ExclusionCd |
| Exclusion | $3,010,899 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $116,116 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $4,285,368 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $4,401,484 | 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 | Accounting and tax fees | CategoryTxt |
| Amt | $65,000 | Amt |
| Net Investment Income | $27,500 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $10,000 | DisbursementsCharitablePrpsAmt |
Dissolution Stmt DissolutionStmt
Dissolution Information DissolutionInformationGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Short ExplanationShortExplanationTxt | DissolutionDissolutionAmt |
|---|---|---|---|---|---|
| Mauna Foundation co Foundation Source Philantropic Svc Jeffrey D Haskell | |||||
| 1 Hollow Lane STE 212 | Lake Success | NY | 11042 | Swain Barber Foundation distributed $23,750,000 in cash to Mauna Foundation on September 26, 2019. | $23,750,000 |
| Mercury Foundation co Mary C Buletza CPA | |||||
| PO Box 730 | Point Pleasant | NJ | 087420730 | Swain Foundation distributed the following assets to The Mercury Foundation:1. Baupost Limited Partnership 1983 A-1 partnership interest at a value of $ 21,570,010.89 on June 30, 2019;2. Grousbeck Investments, LLC company interest at a book value of $ 2,244,078 on November 30, 2019;3. Cash transferred in the amount of $ 292,917.76 on November 29, 2019.4. Cash transferred in the amount of $ 1,146.43 on November 29, 2019. | $24,108,153 |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Form 8886 | FormAndLineReferenceDesc |
| Medium Explanation | TWO FORMS 8886 REPORTABLE TRANSACTION DISCLOSURESTATEMENTS WERE FILED FOR CURRENT YEAR LOSS TRANSACTIONSGREATER THAN $2 MILLION DOLLARS EACH AND TRANSACTIONSWITH CUMULATIVE LOSSES GREATER THAN $4 MILLIONEACH AS REQUIRED BY REG. SEC. 1.6011-4. THE PARTNER'SSHARE OF EACH TRANSACTION LOSS WAS LESS THAN $2MILLION FOR THE CURRENT YEAR, AND LESS THAN $4 MILLIONCUMULATIVELY UNLESS OTHERWISE NOTED. THIS IS BELOWTHE MINIMUM THRESHOLD FOR FILING OF FORM 8886 BY THE PARTNER. | MediumExplanationTxt |
Liquidation Explanation Stmt LiquidationExplanationStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | By unanimous action of the Trustees and with the approval of the Office of the California Attorney General, Swain Foundation has wound up all its business and distributed all assets as of November 29, 2019 to the two Foundations: Mauna Foundation and The Mercury Foundation, listed in Statement # 12. The signed Certificate of Dissolution is attached. | ExplanationTxt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Investment in diversified investment partnerships | Desc |
| BOY Book Value | $43,363,187 | BOYBookValueAmt |
| EOY Book Value | $0 | EOYBookValueAmt |
| EOYFMV | $0 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| Transfer to Mauna Foundation | $23,750,000 |
| Transfer to The Mercury Foundation | $22,417,838 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| California filing fees | $150 | $0 | $150 |
| K-1 allocation deductions - portfolio (other) | $9,500 | $4,750 | $0 |
| K-1 allocation deductions - portfolio (other) | $915,631 | $864,507 | $0 |
| K-1 allocation non-ded exp | $1,836 | $0 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (13 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| K-1 Pship Ordinary income | $39,147 | $39,147 | $39,147 |
| K-1 Pship Ordinary income-UBI | $144,352 | $0 | $144,352 |
| K-1 Pship Net Rental RE income | -$29,934 | -$29,934 | -$29,934 |
| K-1 Pship Net Rental RE income-UBI | -$99,032 | $0 | -$99,032 |
| K-1 Pship Portfolio income | $2,770 | $2,770 | $2,770 |
| K-1 Pship Royalty income | $21,633 | $21,633 | $21,633 |
| K-1 Pship Subpart F income | $201 | $201 | $201 |
| K-1 Pship Other Income-state refunds | $5,490 | $0 | $5,490 |
| Other Income-state refunds | $1,819 | $0 | $1,819 |
| Other Income-federal refunds | $863 | $0 | $863 |
| K-1 Pship Cancellation of Debt | $4,860 | $4,860 | $4,860 |
| K-1 Pship Cancellation of Debt-UBI | $17,527 | $0 | $17,527 |
| CA other income adj | -$32,718 | -$32,718 | -$32,718 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Auditing fees | CategoryTxt |
| Amt | $16,000 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $16,000 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Federal 990 PF tax payments | $10,000 | $0 | $0 |
| Federal 990 T tax payments | $10,000 | $0 | $0 |
| Foreign tax withheld | $28,946 | $12,694 | $0 |
| State tax expense | $5,756 | $0 | $0 |