SQUARE ONE FOUNDATION: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization: SQUARE ONE FOUNDATION (EIN 36-6068835)
Tax period: 2019-01-01 to 2019-12-31
Filed: 2020-11-16
IRS object ID: 202033219349104988
Schema version: 2019v5.1
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
Schedule B
Accounting Fees Schedule
Investments Other Schedule2
Other Expenses Schedule
Other Income Schedule2
Other Professional Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2020-11-16T15:34:06-06:00	ReturnTs
Tax Period End	2019-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	362700600	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	WINEBERG SOLHEIM HOWELL & SHAIN PC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	180 N LASALLE ST STE 2200	AddressLine1Txt
City	CHICAGO	CityNm
State Abbreviation	IL	StateAbbreviationCd
ZIP	60601	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2019-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	366068835	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SQUARE ONE FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	SQUA	BusinessNameControlTxt
Phone	3126665500	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	701 W ERIE ST	AddressLine1Txt
City	CHICAGO	CityNm
State Abbreviation	IL	StateAbbreviationCd
ZIP	60654	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	PRISCILLA KERSTEN	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Phone	3126665500	PhoneNum
Signature	2020-11-12	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	MICHAEL S SOLHEIM CPA	PreparerPersonNm
PTIN	P00570974	PTIN
Phone	3123720440	PhoneNum
Preparation	2020-11-12	PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	38.140.55.90	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2020-11-12	IPDt
IP Tm	18:08:32	IPTm
IP Timezone	CS	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	1BD3BB25ECC3EF9F848E723B693EFFEB315E5623	AtSubmissionCreationDeviceId
At Submission Filing Device Id	D4F0D2DBF80ECCA52B9C335BA6AA5974C74F1063	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2019	TaxYr
Build TS	2021-04-22 16:20:28Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$69,796,094	FMVAssetsEOYAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$6,000,000	ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss	$96,472	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$96,472	InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss	$902,130	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$902,130	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	$1,650,440	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$1,708,493	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$1,650,440	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	$78,213	OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm	$78,213	OtherIncomeNetInvstIncmAmt
Total Rev And Expnss	$8,727,255	TotalRevAndExpnssAmt
Total Net Invst Incm	$2,727,255	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	$5,400	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$5,400	AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps	$0	AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss	$129,822	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$0	OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl	$129,822	OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss	$41,422	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$41,422	TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl	$0	TaxesDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss	$15,359	TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm	$0	TravConfMeetingNetInvstIncmAmt
Trav Conf Meeting Dsbrs Chrtbl	$0	TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss	$689,481	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$673,288	OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl	$16,193	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$881,484	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$720,110	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$146,015	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$717,918	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$717,918	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$1,599,402	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$720,110	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$863,933	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$7,127,853	ExcessRevenueOverExpensesAmt
Net Investment Income	$2,007,145	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$3,326,774	CashBOYAmt
Cash EOY	$3,047,147	CashEOYAmt
Cash EOYFMV	$3,047,147	CashEOYFMVAmt
Other Investments BOY	$56,499,530	OtherInvestmentsBOYAmt
Other Investments EOY	$63,907,010	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$66,748,947	OtherInvestmentsEOYFMVAmt
Total Assets BOY	$59,826,304	TotalAssetsBOYAmt
Total Assets EOY	$66,954,157	TotalAssetsEOYAmt
Total Assets EOYFMV	$69,796,094	TotalAssetsEOYFMVAmt
Total Liabilities BOY	$0	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$59,826,304	NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY	$66,954,157	NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY	$59,826,304	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$66,954,157	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$59,826,304	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$66,954,157	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$59,826,304	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$7,127,853	ExcessRevenueOverExpensesAmt
Other Increases	$0	OtherIncreasesAmt
Subtotal	$66,954,157	SubtotalAmt
Other Decreases	$0	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$66,954,157	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (6 entries)

PropertyPropertyDesc	How AcquiredHowAcquiredCd	AcquiredAcquiredDt	SoldSoldDt	Gross Sales PriceGrossSalesPriceAmt	Gain Or LossGainOrLossAmt	Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt	Cost Or Other BasisCostOrOtherBasisAmt
FLOW THROUGH PARTNERSHIPS	P	2015-06-01	2019-12-31	$1,139,243	$1,139,243	$1,139,243
NORTHERN TRUST	P	2015-07-01	2019-12-31	$187,741	$187,741	$187,741
NORTHERN TRUST	P	2019-02-01	2019-12-31		-$28,053	-$28,053	$28,053
VULCAN VALUE	P	2019-03-15	2019-12-31	$100,929	$100,929	$100,929
FLOW THROUGH PARTNERSHIPS	P	2019-06-01	2019-12-31		-$30,000	-$30,000	$30,000
CAPITAL GAINS DIVIDENDS	P			$280,580	$280,580	$280,580

Field	Value	IRS element (for citing)
Capital Gain Net Income	$1,650,440	CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Field	Value	IRS element (for citing)
Liable Section4942 Tax	0	LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1	$1,161,192	AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1	$55,931,144	NetVlNoncharitableAssetsYr1Amt
Distribution Yr1	0.020761	DistributionYr1Rt
Adjusted Qlfy Distri Yr2	$3,672,851	AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2	$55,633,124	NetVlNoncharitableAssetsYr2Amt
Distribution Yr2	0.066019	DistributionYr2Rt
Adjusted Qlfy Distri Yr3	$3,216,511	AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3	$50,023,783	NetVlNoncharitableAssetsYr3Amt
Distribution Yr3	0.064300	DistributionYr3Rt
Adjusted Qlfy Distri Yr4	$3,225,642	AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4	$48,263,893	NetVlNoncharitableAssetsYr4Amt
Distribution Yr4	0.066833	DistributionYr4Rt
Adjusted Qlfy Distri Yr5	$2,914,860	AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5	$46,192,172	NetVlNoncharitableAssetsYr5Amt
Distribution Yr5	0.063103	DistributionYr5Rt
Total Distribution	0.281016	TotalDistributionRt
Average Distribution	0.056203	AverageDistributionRt
Net Vl Noncharitable Assets	$62,825,901	NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets	$3,531,004	AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct	$20,071	NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct	$3,551,075	AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions	$863,933	QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$40,143	InvestmentIncomeExciseTaxAmt
Tax Under Section511	$0	TaxUnderSection511Amt
Subtotal	$40,143	SubtotalAmt
Subtitle A Tax	$0	SubtitleATaxAmt
Tax Based On Investment Income	$40,143	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$65,000	EstimatedPlusOvpmtIncmTxAmt
Extsn Request Income Tax Paid	$0	ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld	$0	BackupWithholdingWithheldAmt
Total Payments And Credits	$65,000	TotalPaymentsAndCreditsAmt
Es Penalty	$687	EsPenaltyAmt
Overpayment	$24,170	OverpaymentAmt
Applied To ES Tax	$24,170	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	IL	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	PRISCILLA KERSTEN	IndividualWithBooksNm
Phone	3126665500	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	701 W ERIE ST	AddressLine1Txt
City	CHICAGO	CityNm
State Abbreviation	IL	StateAbbreviationCd
ZIP	60654	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 (3 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
PRISCILLA KERSTEN
701 W ERIE ST	CHICAGO	IL	60654	PRESIDENT	2.00	$0	$0	$0
SUSAN GOLDENBERG
2 N LASALLE ST	CHICAGO	IL	60602	ASST. SEC'Y	0.00	$0	$0	$0
STEVEN A KERSTEN
701 W ERIE ST	CHICAGO	IL	60654	SEC'Y, TREAS.	0.00	$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 (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Service TypeServiceTypeTxt	CompensationCompensationAmt
CAMBRIDGE ASSOCIATES LLC
100 SUMMER ST	BOSTON	MA	02110	INVESTMENT ADVISORS	$126,604
NORTHERN TRUST
50 S LASALLE ST	CHICAGO	IL	60675	INVESTMENT ADVISORS	$29,412

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	$0	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$2,241,221	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$61,541,420	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$63,782,641	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$63,782,641	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$956,740	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$62,825,901	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$3,141,295	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$3,141,295	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$40,143	TaxBasedOnInvestmentIncomeAmt
Total Tax	$40,143	TotalTaxAmt
Distributable Before Adj	$3,101,152	DistributableBeforeAdjAmt
Recoveries Qualfied Distri	$0	RecoveriesQualfiedDistriAmt
Distributable Before Ded	$3,101,152	DistributableBeforeDedAmt
Deduction From Distributable	$0	DeductionFromDistributableAmt
Distributable As Adjusted	$3,101,152	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$863,933	ExpensesAndContributionsAmt
Program Related Invst Total	$0	ProgramRelatedInvstTotalAmt
Qualifying Distributions	$863,933	QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm	$0	PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri	$863,933	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$3,101,152	DistributableAsAdjustedAmt
Undistributed Income PY	$0	UndistributedIncomePYAmt
Total For Prior Years	$0	TotalForPriorYearsAmt
Excess Distribution Cyov Yr4	$147,107	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$729,578	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$959,821	ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov	$1,836,506	TotalExcessDistributionCyovAmt
Qualifying Distributions	$863,933	QualifyingDistributionsAmt
Applied To Year1	$0	AppliedToYear1Amt
Applied To Prior Years	$0	AppliedToPriorYearsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$863,933	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$0	RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus	$1,836,506	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$1,836,506	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	$400,713	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)
Contributing Manager	STEVEN A KERSTEN	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (31 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
ADVANCE ILLINOIS
303 EAST WACKER	CHICAGO	IL	60601	NONE	501(C)(3)	GENERAL CHARITABLE PURPOSE	$2,000
BI-PARTISAN POLICY CENTER
1225 I ST NW	WASHINGTON	DC	20005	NONE	501(C)(3)	GENERAL CHARITABLE PURPOSE	$25,000
BRAVEN
171 N ABERDEEN	CHICAGO	IL	60607	NONE	501(C)(3)	GENERAL CHARITABLE PURPOSE	$35,000
BRENNAN CENTER FOR JUSTICE
120 BROADWAY	NEW YORK	NY	10269	NONE	501(C)(3)	GENERAL CHARITABLE PURPOSE	$2,500
BUSINESS & PROFESSIONALS IN PUBLIC INTEREST
25 E WASHINGTON	CHICAGO	IL	60602	NONE	501(C)(3)	GENERAL CHARITABLE PURPOSE	$10,000
CHICAGO CHILDREN'S CHOIR
78 EAST WASHINGTON	CHICAGO	IL	60602	NONE	501(C)(3)	GENERAL CHARITABLE PURPOSE	$136,000
CHICAGO COMMUNITY FOUNDATION
225 N MICHIGAN	CHICAGO	IL	60601	NONE	501(C)(3)	GENERAL CHARITABLE PURPOSE	$25,000
CHICAGO FOUNDATION FOR WOMEN
140 S DEARBORN	CHICAGO	IL	60603	NONE	501(C)(3)	GENERAL CHARITABLE PURPOSE	$1,000
CHICAGO PUBLIC MEDIA
848 E GRAND	CHICAGO	IL	60611	NONE	501(C)(3)	GENERAL CHARITABLE PURPOSE	$3,500
CHICAGO UNITED FOR EQUITY
100 N LASALLE	CHICAGO	IL	60601	NONE	501(C)(3)	GENERAL CHARITABLE PURPOSE	$5,000
CHICAGO URBAN LEAGUE
4510 S MICHIGAN	CHICAGO	IL	60653	NONE	501(C)(3)	GENERAL CHARITABLE PURPOSE	$1,500
CHICAGO LAWYERS COMMITTEE FOR CIVIL RIGHTS
100 N LASALLE	CHICAGO	IL	60602	NONE	501(C)(3)	GENERAL CHARITABLE PURPOSE	$500
DEPAUL PREP
3333 N ROCKWELL ST	CHICAGO	IL	60618	NONE	501(C)(3)	GENERAL CHARITABLE PURPOSE	$1,000
COMMUNITY PARTNERS FOR HOUSING
400 CENTRAL	HIGHLAND PARK	IL	60035	NONE	501(C)(3)	GENERAL CHARITABLE PURPOSE	$5,000
CURE VIOLENCE GLOBAL
2907 BUTTERFIELD	OAK BROOK	IL	60523	NONE	501(C)(3)	GENERAL CHARITABLE PURPOSE	$2,500
DEBATE IT FORWARD
3180 N LAKESHORE DR	CHICAGO	IL	60657	NONE	501(C)(3)	GENERAL CHARITABLE PURPOSE	$15,000
FREE SPIRIT MEDIA
906 S HOMAN AVE	CHICAGO	IL	60624	NONE	501(C)(3)	GENERAL CHARITABLE PURPOSE	$1,000
ENVIRONMENTAL LAW & POLICY CENTER
35 E WACKER	CHICAGO	IL	60601	NONE	501(C)(3)	GENERAL CHARITABLE PURPOSE	$10,000
LEGAL ASSISTANCE FOUNDATION
120 S LASALLE	CHICAGO	IL	60603	NONE	501(C)(3)	GENERAL CHARITABLE PURPOSE	$1,000
FOREFRONT
208 S LASALLE	CHICAGO	IL	60604	NONE	501(C)(3)	GENERAL CHARITABLE PURPOSE	$5,168
GARY COMER YOUTH CENTER
7200 S INGLESIDE	CHICAGO	IL	60619	NONE	501(C)(3)	GENERAL CHARITABLE PURPOSE	$2,500
MAPS CORP
5307 S HYDE PARK BLVD	CHICAGO	IL	60615	NONE	501(C)(3)	GENERAL CHARITABLE PURPOSE	$2,500
NORTH LAWNDALE COLLEGE PREP
1616 S SPAULDING AVE	CHICAGO	IL	60623	NONE	501(C)(3)	GENERAL CHARITABLE PURPOSE	$1,000
LATINO POLICY FORUM
180 N MICHIGAN	CHICAGO	IL	60601	NONE	501(C)(3)	GENERAL CHARITABLE PURPOSE	$2,000
PHILANTHROPY NEW YORK ASSET FUNDERS NETWORK
320 EAST 43RD ST	NEW YORK	NY	10017	NONE	501(C)(3)	GENERAL CHARITABLE PURPOSE	$2,000
ONEGOAL
180 N WABASH	CHICAGO	IL	60601	NONE	501(C)(3)	GENERAL CHARITABLE PURPOSE	$5,000
PARTNERSHIP FOR COLLEGE COMPLETION
322 S MICHIGAN	CHICAGO	IL	60604	NONE	501(C)(3)	GENERAL CHARITABLE PURPOSE	$20,000
SOUTHER POVERTY LAW CENTER
400 WASHINGTON	MONTGOMERY	AL	36177	NONE	501(C)(3)	GENERAL CHARITABLE PURPOSE	$10,000
UNIVERSITY OF CHICAGO
5235 S HARPER	CHICAGO	IL	60615	NONE	501(C)(3)	GENERAL CHARITABLE PURPOSE	$310,000
PILLIPS BROOKS HOUSE
1 HARVARD YARD	CAMBRIDGE	MA	02138	NONE	501(C)(3)	GENERAL CHARITABLE PURPOSE	$250
SHRIVER CENTER ON URBAN POVERTY
67 E MADISON ST	CHICAGO	IL	60603	NONE	501(C)(3)	GENERAL CHARITABLE PURPOSE	$75,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$717,918	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	$96,472	ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$902,130	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	$1,650,440	ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp

Field	Value	IRS element (for citing)
Desc	OTHER INVESTMENT INCOME	Desc
Exclusion	18	ExclusionCd
Exclusion	$78,213	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	$0	UnrelatedBusinessTaxblIncmAmt
Exclusion	$2,727,255	ExclusionAmt
Related Or Exempt Function Incm	$0	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$2,727,255	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

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	STEVEN KERSTEN	BusinessNameLine1Txt

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	701 W ERIE ST	AddressLine1Txt
City	CHICAGO	CityNm
State Abbreviation	IL	StateAbbreviationCd
ZIP	60654	ZIPCd

Field	Value	IRS element (for citing)
Total Contributions	$6,000,000	TotalContributionsAmt
Person Contribution	Yes (X)	PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	PROFESSIONAL FEES	CategoryTxt
Amt	$5,400	Amt
Net Investment Income	$5,400	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$0	DisbursementsCharitablePrpsAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Category Or ItemCategoryOrItemTxt	Listed At Cost Or FMVListedAtCostOrFMVCd	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
MANAGED ACCOUNTS	AT COST	$33,109,514	$33,109,514
INVESTMENT PARTNERSHIPS	AT COST	$30,797,496	$33,639,433

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
INVESTMENT EXPENSES	$604,522	$604,522	$0
INVESTMENT INTEREST EXPENSE	$68,766	$68,766	$0
WEBSITE	$16,193	$0	$16,193

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

Field	Value	IRS element (for citing)
Desc	OTHER INVESTMENT INCOME	Desc
Revenue And Expenses Per Books	$78,213	RevenueAndExpensesPerBooksAmt
Net Investment Income	$78,213	NetInvestmentIncomeAmt
Adjusted Net Income	$78,213	AdjustedNetIncomeAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

Field	Value	IRS element (for citing)
Category	FOUNDATION ADVISORS	CategoryTxt
Amt	$129,822	Amt
Net Investment Income	$0	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$129,822	DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

Field	Value	IRS element (for citing)
Category	FOREIGN TAXES	CategoryTxt
Amt	$41,422	Amt
Net Investment Income	$41,422	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$0	DisbursementsCharitablePrpsAmt