THE KILTS FAMILY FOUNDATION: Form 990PF, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- THE KILTS FAMILY FOUNDATION (EIN 13-4147482)
- Tax period
- 2017-01-01 to 2017-12-31
- Filed
- 2018-10-29
- IRS object ID
- 201803029349100310
- Schema version
- 2017v2.3
- 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
- Depreciation Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-10-29T11:35:17-05:00 | ReturnTs |
| Tax Period End | 2017-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Ayco Company LP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 860 | AddressLine1Txt |
| City | Saratoga Springs | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 128660860 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2017-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 134147482 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE KILTS FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % C/O JOHN JUSTICE THE AYCO C | InCareOfNm |
| Business Name Control | KILT | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | c/o the ayco co lp - PO BOX 860 | AddressLine1Txt |
| City | SARATOGA SPRINGS | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 128660860 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JAMES KILTS | PersonNm |
| Person Title | officer | PersonTitleTxt |
| Phone | 5186405000 | PhoneNum |
| Signature | 2018-10-31 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Elizabeth VanTassel | PreparerPersonNm |
| PTIN | P01080611 | PTIN |
| Phone | 5188864000 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 204.4.182.14 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Federal Original Submission Id | 14257320183025000000 | FederalOriginalSubmissionId |
| Federal Original Submission Id | 2018-10-29 | FederalOriginalSubmissionIdDt |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 5F5009FCBC78FB53AFA8399830ED10AB63E20EF8 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 5F5009FCBC78FB53AFA8399830ED10AB63E20EF8 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $25,489,323 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $7,370,210 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $33,771 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $33,771 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $332,158 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $332,158 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $4,681,401 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $23,423,451 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $4,681,401 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $3,662 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $3,662 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $12,421,202 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $5,050,992 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Taxes Rev And Expnss | $37,331 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $6,458 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $101,554 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $101,230 | OtherExpensesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $138,885 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $107,688 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $750,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $750,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $888,885 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $107,688 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $750,000 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $11,532,317 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $4,943,304 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $739,683 | CashBOYAmt |
| Sav And Temp Cash Invst EOY | $2,368,684 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $2,368,684 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $13,866,651 | CorporateStockBOYAmt |
| Corporate Stock EOY | $21,163,104 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $22,116,330 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $923,330 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $304,182 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $567,640 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $16,175 | OtherAssetsBOYAmt |
| Other Assets EOY | $436,669 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $436,669 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $15,545,839 | TotalAssetsBOYAmt |
| Total Assets EOY | $24,272,639 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $25,489,323 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $15,545,839 | CapitalStockBOYAmt |
| Capital Stock EOY | $24,272,639 | CapitalStockEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $15,545,839 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $24,272,639 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $15,545,839 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $24,272,639 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $15,545,839 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $11,532,317 | ExcessRevenueOverExpensesAmt |
| Subtotal | $27,078,156 | SubtotalAmt |
| Other Decreases | $2,805,517 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $24,272,639 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (17 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| FIELDPOINT #258 | P | $307,844 | $265,075 | $42,769 | $42,769 |
| FIELDPOINT #716 | P | $391,550 | $285,290 | $106,260 | $106,260 |
| FIELDPOINT #724 | P | $40,697 | $33,981 | $6,718 | $6,716 |
| FIELDPOINT #435 | P | $11,083 | $9,706 | $1,377 | $1,377 |
| FIELDPOINT #427 | P | $114,874 | $110,953 | $4,198 | $3,921 |
| FIELDPOINT #898 | P | $7,807 | $7,264 | $543 | $543 |
| US TRUST #1021 | P | $5,854,181 | $5,654,267 | $199,914 | $199,914 |
| US TRUST #7473 | P | $3,549 | $3,931 | -$382 | -$382 |
| US TRUST #8335 | P | $20,296 | $21,774 | -$1,478 | -$1,478 |
| US TRUST #4670 | P | $105,308 | $108,600 | -$3,292 | -$3,292 |
| US TRUST #2309 | P | $40,262 | $34,836 | $5,669 | $5,426 |
| GS #455-3 | P | $743,210 | $623,508 | $119,702 | $119,702 |
| GS #456-1 | P | $7,346,363 | $4,494,738 | $2,851,625 | $2,851,625 |
| GS #461-1 | P | $910,587 | $619,957 | $290,630 | $290,630 |
| GS #963-7 | P | $7,494,514 | $6,464,449 | $1,030,065 | $1,030,065 |
| LAZARD K-1 | $5,602 | $4,243 | $1,359 | $1,359 | |
| CAPITAL GAIN DIVIDENDS | P | $53,641 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $4,681,401 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $1,307,410 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $14,185,828 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.092163 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $1,194,193 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $15,545,493 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.076819 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $1,142,500 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $14,462,524 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.078997 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $298,750 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $12,143,360 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.024602 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $1,178,827 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $11,622,902 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.101423 | DistributionYr5Rt |
| Total Distribution | 0.374004 | TotalDistributionRt |
| Average Distribution | 0.074801 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $17,498,149 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $1,308,879 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $49,433 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $1,358,312 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $750,000 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $98,866 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $98,866 | SubtotalAmt |
| Tax Based On Investment Income | $98,866 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $148,369 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $148,369 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Overpayment | $49,503 | OverpaymentAmt |
| Applied To ES Tax | $49,503 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | DE | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | false | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CO JOHN JUSTICE THE AYCO CO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5188864221 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 321 BROADWAY | AddressLine1Txt |
| City | SARATOGA SPRINGS | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 128660860 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| SANDRA M KILTS | ||||||||
| c/o the ayco co lp - PO BOX 860 | SARATOGA SPRINGS | NY | 128660860 | VP/SECRETARY - as needed | 0 | $0 | $0 | $0 |
| JAMES M KILTS | ||||||||
| c/o the ayco co lp - PO BOX 860 | SARATOGA SPRINGS | NY | 128660860 | PRESIDENT - as needed | 0 | $0 | $0 | $0 |
| JAMES M KILTS JR | ||||||||
| c/o the ayco co lp - PO BOX 860 | SARATOGA SPRINGS | NY | 128660860 | DIRECTOR - as needed | 0 | $0 | $0 | $0 |
| SARAH KILTS | ||||||||
| c/o the ayco co lp - PO BOX 860 | SARATOGA SPRINGS | NY | 128660860 | DIRECTOR - as needed | 0 | $0 | $0 | $0 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER CHARITABLE ORGANIZATIONS EXEMPT | Description1Txt |
| Description2 | UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). | Description2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $12,903,256 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $4,032,985 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $828,377 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $17,764,618 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $17,764,618 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $266,469 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $17,498,149 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $874,907 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $874,907 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $98,866 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $98,866 | TotalTaxAmt |
| Distributable Before Adj | $776,041 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $776,041 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $776,041 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $750,000 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $750,000 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $750,000 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $776,041 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2015 | PriorYear1Yr |
| Prior Year2 | 2014 | PriorYear2Yr |
| Prior Year3 | 2013 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $620,228 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr3 | $446,005 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $435,832 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $612,299 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $2,114,364 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $750,000 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Current Year | $750,000 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $26,041 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $26,041 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $2,088,323 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $594,187 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $1,494,136 | ExcessDistriCyovToNextYrAmt |
| Excess From Year3 | $446,005 | ExcessFromYear3Amt |
| Excess From Year2 | $435,832 | ExcessFromYear2Amt |
| Excess From Year1 | $612,299 | ExcessFromYear1Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | JAMES M KILTS | ContributingManagerNm |
| Shareholder Manager | NA | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | various (SEE ATTACHMENT) | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | VARIOUS | AddressLine1Txt |
| City | SARATOGA SPRINGS | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 12866 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | none | RecipientRelationshipTxt |
| Recipient Foundation Status | PC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | GENERAL CHARITABLE PURPOSES | GrantOrContributionPurposeTxt |
| Amt | $750,000 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $750,000 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $33,771 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $332,158 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 01 | ExclusionCd |
| Exclusion | $3,662 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $4,681,401 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $5,050,992 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $5,050,992 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | n/a | LineNumberTxt |
| Relationship Statement | NOT APPLICABLE | RelationshipStatementTxt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (2 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|---|
| JAMES M AND SANDRA M KILTS | |||||||
| 1 | C/O THE AYCO CO PO BOX 860 | SARATOGA SPRINGS | NY | 12866 | $69,954 | Yes (X) | |
| JAMES M AND SANDRA M KILTS | |||||||
| 2 | C/O THE AYCO CO PO BOX 860 | SARATOGA SPRINGS | NY | 12866 | $7,300,256 | Yes (X) | Yes (X) |
Non Cash Property Contribution NonCashPropertyContributionGrp (15 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | 2,830 SHARES AMERICAN TOWER CORP | $405,808 | 2017-12-15 |
| 2 | 690 SHARES APPLE INC | $119,587 | 2017-12-15 |
| 3 | 13,580 SHARES BANK OF AMERICA CORP | $393,277 | 2017-12-15 |
| 4 | 1,519 SHARES BRINK'S COMPANY | $122,507 | 2017-12-15 |
| 5 | 947 SHARES CANADIAN PACIFIC RAILWAY | $170,266 | 2017-12-15 |
| 6 | 3,730 SHARES DOLLAR TREE STORES INC | $394,503 | 2017-12-15 |
| 7 | 1,384 SHARES GUGGENHEIM S&P 500 EQ WT | $138,649 | 2017-12-15 |
| 8 | 1,679 KOPPERS HOLDINGS INC | $80,953 | 2017-12-15 |
| 9 | 3,428 LVMH MOET HENESSY LOUIS VUITTON SE | $197,778 | 2017-12-15 |
| 10 | 100 SHARES MARKEL CORPORATION | $113,091 | 2017-12-15 |
| 11 | 1,315 SHARES MASTERCARD INC | $200,196 | 2017-12-15 |
| 12 | 16,698 SHARES SPDR S&P 500 ETF | $4,445,258 | 2017-12-15 |
| 13 | 3,313 SHARES TENCENT HOLDINGS LTD | $166,230 | 2017-12-15 |
| 14 | 1,730 SHARES VISA INC | $196,000 | 2017-12-15 |
| 15 | 4,876 SHARES YANDEX NV | $156,251 | 2017-12-15 |
Depreciation Schedule DepreciationSchedule
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (14 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| FIELDPOINT #258 | $906,893 | $958,094 |
| FIELDPOINT #716 | $258,092 | $387,043 |
| FIELDPOINT #724 | $213,924 | $290,167 |
| US TRUST #021 | $0 | $0 |
| US TRUST #473 | $0 | $0 |
| US TRUST #335 | $0 | $0 |
| US TRUST #670 | $0 | $0 |
| US TRUST #309 | $0 | $0 |
| FIELDPOINT #435 | $128,485 | $145,321 |
| FIELDPOINT #427 | $84,867 | $103,435 |
| FIELDPOINT #898 | $106,571 | $112,476 |
| GS #455-3 | $686,992 | $732,429 |
| GS #456-1 | $17,791,306 | $18,319,921 |
| GS #461-1 | $985,974 | $1,067,444 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| K-1 POMONA CAP SEC CO-INVST | AT COST | $9,426 | $167,989 |
| K-1 SALIENT MLP TE FUND | AT COST | $166,250 | $165,280 |
| PTP LAZARD | AT COST | $0 | $0 |
| GSO MEZZANINE (OFFSHORE) | AT COST | $128,506 | $234,371 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (5 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| DIVIDENDS RECEIVABLE | $5,215 | $25,207 | $25,207 |
| K1 DISTRIBUTION RECEIVABLE | $10,960 | $0 | $0 |
| PENDING SALES PROCEEDS | $11,336 | $11,336 | |
| CAPITAL GAIN DIST'N RECEIVABLE | $126 | $126 | |
| OTHER RECEIVABLE | $400,000 | $400,000 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | APPRECIATION OVER DONORS COST BASIS | Desc |
| Amt | $2,805,517 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| MANAGEMENT FEES | $64,588 | $64,588 |
| CT CORPORATE BUSINESS FEE | $299 | |
| DELAWARE FILING FEE | $25 | |
| DEDUCTIONS FROM K-1 | $36,642 | $36,642 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (8 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| other income from k-1 | $224 | $224 |
| US TRUST #8335 | $69 | $69 |
| US TRUST #1021 | $295 | $295 |
| us trust #2309 | $53 | $53 |
| GS #461-1 | $208 | $208 |
| GS #963-7 | $38 | $38 |
| BANK OF AMERICA | $2,770 | $2,770 |
| FIELDPOINT | $5 | $5 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| FOREIGN TAX PAID | $6,458 | $6,458 |
| FEDERAL TAX PAID | $30,000 | |
| RECLAIMABLE FOREIGN TAX | $873 |