JOHN H AND REGINA K SCULLY FOUNDATION: Form 990PF, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- JOHN H AND REGINA K SCULLY FOUNDATION (EIN 46-2014396)
- Tax period
- 2017-01-01 to 2017-12-31
- Filed
- 2018-11-07
- IRS object ID
- 201813119349101306
- Schema version
- 2017v2.2
- 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
- Schedule B
- Accounting Fees Schedule
- Expenditure Responsibility Stmt
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-11-07T17:16:32-08:00 | ReturnTs |
| Tax Period End | 2017-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 371420474 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Fontanello Duffield & Otake LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 44 Montgomery Street Suite 1305 | AddressLine1Txt |
| City | San Francisco | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94104 | 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 | 462014396 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Scully Memorial Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SCUL | BusinessNameControlTxt |
| Phone | 4153836600 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 591 Redwood Highway | AddressLine1Txt |
| City | Mill Valley | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94941 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | John Scully | PersonNm |
| Person Title | President | PersonTitleTxt |
| Signature | 2018-11-07 | SignatureDt |
| Discuss With Paid Preparer | false | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Erik Satow | PreparerPersonNm |
| PTIN | P01410341 | PTIN |
| Phone | 4159830200 | PhoneNum |
| 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 | $616,733,103 | 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 | $69,400,053 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $1,029,170 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $1,029,170 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $2,913,004 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $2,913,004 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $4,940,574 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $151,201,992 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $4,940,574 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $863,042 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $863,042 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $79,145,843 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $9,745,790 | TotalNetInvstIncmAmt |
| Legal Fees Rev And Expnss | $21,094 | LegalFeesRevAndExpnssAmt |
| Legal Fees Dsbrs Chrtbl | $21,094 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $19,320 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Chrtbl Prps | $19,320 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $530,320 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $530,320 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $540,178 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $119,512 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $197,074 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $192,556 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $4,518 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,307,986 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $842,388 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $44,932 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $43,645,079 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $43,645,079 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $44,953,065 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $842,388 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $43,690,011 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $34,192,778 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $8,903,402 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $182,341,799 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $137,188,646 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $137,188,646 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl BOY | $136,394 | AcctRcvblBOYAmt |
| Prepaid Expenses BOY | $27,093 | PrepaidExpensesBOYAmt |
| US Government Obligations BOY | $9,999,600 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $54,827,200 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $54,827,200 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $14,041,285 | CorporateStockBOYAmt |
| Corporate Stock EOY | $9,751,041 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $9,751,041 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $8,987,914 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $29,398,411 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $29,398,411 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $321,938,205 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $341,289,011 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $341,289,011 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $277,367 | OtherAssetsBOYAmt |
| Other Assets EOY | $44,278,794 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $44,278,794 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $537,749,657 | TotalAssetsBOYAmt |
| Total Assets EOY | $616,733,103 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $616,733,103 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $93,007 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $140,945 | AccountsPayableEOYAmt |
| Other Liabilities BOY | $215,760 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $11,795,313 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $308,767 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $11,936,258 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $352,015,716 | UnrestrictedBOYAmt |
| Unrestricted EOY | $400,964,641 | UnrestrictedEOYAmt |
| Temporarily Restricted BOY | $18,254,972 | TemporarilyRestrictedBOYAmt |
| Temporarily Restricted EOY | $36,662,002 | TemporarilyRestrictedEOYAmt |
| Permanently Restricted BOY | $167,170,202 | PermanentlyRestrictedBOYAmt |
| Permanently Restricted EOY | $167,170,202 | PermanentlyRestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $537,440,890 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $604,796,845 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $537,749,657 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $616,733,103 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $537,440,890 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $34,192,778 | ExcessRevenueOverExpensesAmt |
| Other Increases | $33,163,177 | OtherIncreasesAmt |
| Subtotal | $604,796,845 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $604,796,845 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| Sale of Publicly Traded Securities | P | 2000-01-01 | 2017-12-31 | $146,218,614 | $146,261,418 | -$42,804 | -$42,804 |
| Realized Gain from Investment Psps | P | 2000-01-01 | 2017-12-31 | $4,983,378 | $4,983,378 | $4,983,378 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $4,940,574 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $48,155,621 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $439,758,930 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.10951 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $17,692,939 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $305,954,315 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.05783 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $675,392 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $186,567,338 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.00362 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $10,031 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $15,512,053 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.00065 | DistributionYr4Rt |
| Total Distribution | 0.171601 | TotalDistributionRt |
| Average Distribution | 0.042900 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $536,615,495 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $23,020,805 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $89,034 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $23,109,839 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $43,690,011 | 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 | $89,034 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $89,034 | SubtotalAmt |
| Tax Based On Investment Income | $89,034 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $69,073 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $35,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $104,073 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Overpayment | $15,039 | OverpaymentAmt |
| Applied To ES Tax | $15,039 | 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 |
| Form990 T Filed | false | Form990TFiledInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | 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 |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Lori Kulvin Crawford | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4153836600 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 591 Redwood Highway Ste 3215 | AddressLine1Txt |
| City | Mill Valley | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94941 | 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 | Yes (true) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Undistr Incm Sect4942a2 Not App | false | UndistrIncmSect4942a2NotAppInd |
| Business Holdings | false | BusinessHoldingsInd |
| Excess Business Holdings | false | ExcessBusinessHoldingsInd |
| 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 | Yes (true) | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (true) | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Proceeds Or Net Income | false | ProceedsOrNetIncomeInd |
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 |
|---|---|---|---|---|---|---|
| John Scully | ||||||
| 591 Redwood Highway Ste 3215 | Mill Valley | CA | 94941 | Pres/Dir | 1.00 | $0 |
| Ronald A Cohan | ||||||
| 591 Redwood Highway Ste 3215 | Mill Valley | CA | 94941 | Director | 1.00 | $0 |
| Eli Weinberg | ||||||
| 591 Redwood Highway Ste 3215 | Mill Valley | CA | 94941 | Director | 1.00 | $0 |
| Lori Kulvin Crawford | ||||||
| 591 Redwood Highway Ste 3215 | Mill Valley | CA | 94941 | CFO/Sec'tary | 1.00 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $221,616,627 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $96,371,282 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $226,799,396 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $544,787,305 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $544,787,305 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $8,171,810 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $536,615,495 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $26,830,775 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $26,830,775 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $89,034 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $89,034 | TotalTaxAmt |
| Distributable Before Adj | $26,741,741 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $26,741,741 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $26,741,741 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $43,690,011 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $43,690,011 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $89,034 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $43,600,977 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $26,741,741 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr1 | $19,550,314 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $19,550,314 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $43,690,011 | QualifyingDistributionsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $26,741,741 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $16,948,270 | RemainingDistriFromCorpusAmt |
| Total Corpus | $36,498,584 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $36,498,584 | ExcessDistriCyovToNextYrAmt |
| Excess From Year1 | $19,550,314 | ExcessFromYear1Amt |
| Excess From Current Year | $16,948,270 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (26 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| Making Waves Academy | |||||||
| 3220 Blume Dr Ste 250 | Richmond | CA | 94806 | N/A | PC | General Support | $1,000,000 |
| Making Waves Foundation | |||||||
| 3220 Blume Dr Ste 250 | Richmond | CA | 94806 | N/A | POF | Real Estate Acquisition | $10,330,000 |
| Making Waves Foundation | |||||||
| 3220 Blume Dr Ste 250 | Richmond | CA | 94806 | N/A | POF | Real Estate Expenses | $1,500,000 |
| Making Waves Foundation | |||||||
| 3220 Blume Dr Ste 250 | Richmond | CA | 94806 | N/A | POF | Real Estate Acquisition | $2,350,000 |
| Making Waves Foundation | |||||||
| 3220 Blume Dr Ste 250 | Richmond | CA | 94806 | N/A | POF | Real Estate Acquisition | $5,750,000 |
| Making Waves Foundation | |||||||
| 3220 Blume Dr Ste 250 | Richmond | CA | 94806 | N/A | POF | Real Estate Expenses | $1,500,000 |
| Making Waves Foundation | |||||||
| 3220 Blume Dr Ste 250 | Richmond | CA | 94806 | N/A | POF | Real Estate Expenses | $1,000,000 |
| Making Waves Foundation | |||||||
| 3220 Blume Dr Ste 250 | Richmond | CA | 94806 | N/A | POF | Real Estate Expenses | $750,000 |
| Making Waves Foundation | |||||||
| 3220 Blume Dr Ste 250 | Richmond | CA | 94806 | N/A | POF | Real Estate Expenses | $500,000 |
| Making Waves Foundation | |||||||
| 3220 Blume Dr Ste 250 | Richmond | CA | 94806 | N/A | POF | Real Estate Expenses | $250,000 |
| Making Waves Academy | |||||||
| 3220 Blume Dr Ste 250 | Richmond | CA | 94806 | N/A | PC | General Support | $1,500,000 |
| Horatio Alger Association | |||||||
| 99 Canal Center Plaza Ste 320 | Alexandria | VA | 22314 | N/A | PC | General Support | $200,000 |
| Making Waves Foundation | |||||||
| 3220 Blume Dr Ste 250 | Richmond | CA | 94806 | N/A | POF | Real Estate Expenses | $1,000,000 |
| Making Waves Foundation | |||||||
| 3220 Blume Dr Ste 250 | Richmond | CA | 94806 | N/A | POF | General Support | $1,665,079 |
| Making Waves Foundation | |||||||
| 3220 Blume Dr Ste 250 | Richmond | CA | 94806 | N/A | POF | General Support | $1,500,000 |
| Making Waves Foundation | |||||||
| 3220 Blume Dr Ste 250 | Richmond | CA | 94806 | N/A | POF | General Support | $1,500,000 |
| Making Waves Foundation | |||||||
| 3220 Blume Dr Ste 250 | Richmond | CA | 94806 | N/A | POF | Real Estate Expenses | $1,000,000 |
| Making Waves Foundation | |||||||
| 3220 Blume Dr Ste 250 | Richmond | CA | 94806 | N/A | POF | Real Estate Expenses | $1,000,000 |
| Making Waves Foundation | |||||||
| 3220 Blume Dr Ste 250 | Richmond | CA | 94806 | N/A | POF | Real Estate Expenses | $500,000 |
| Making Waves Foundation | |||||||
| 3220 Blume Dr Ste 250 | Richmond | CA | 94806 | N/A | POF | General Support | $1,000,000 |
| Making Waves Foundation | |||||||
| 3220 Blume Dr Ste 250 | Richmond | CA | 94806 | N/A | POF | General Support | $5,000,000 |
| Making Waves Foundation | |||||||
| 3220 Blume Dr Ste 250 | Richmond | CA | 94806 | N/A | POF | General Support | $1,000,000 |
| Making Waves Foundation | |||||||
| 3220 Blume Dr Ste 250 | Richmond | CA | 94806 | N/A | POF | General Support | $300,000 |
| Making Waves Academy | |||||||
| 3220 Blume Dr Ste 250 | Richmond | CA | 94806 | N/A | PC | General Support | $500,000 |
| Making Waves Academy | |||||||
| 3220 Blume Dr Ste 250 | Richmond | CA | 94806 | N/A | PC | General Support | $750,000 |
| Making Waves Academy | |||||||
| 3220 Blume Dr Ste 250 | Richmond | CA | 94806 | N/A | PC | General Support | $300,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $43,645,079 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,029,170 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $2,913,004 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $4,940,574 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Partnership Income | Desc |
| Exclusion | 14 | ExclusionCd |
| Exclusion | $863,042 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $9,745,790 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $9,745,790 | TotalIncomeProducingActyAmt |
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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | Scully 1994 Family Trust No 2 | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 591 Redwood Highway Ste 3215 | AddressLine1Txt |
| City | Mill Valley | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94941 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $69,400,053 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Accounting Fees | CategoryTxt |
| Amt | $19,320 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $19,320 | DisbursementsCharitablePrpsAmt |
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Making Waves Foundation | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3220 Blume Dr Ste 250 | AddressLine1Txt |
| City | Richmond | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94806 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant | 2017-01-01 | GrantDt |
| Grant | $39,395,079 | GrantAmt |
| Purpose Of Grant | Real Estate Acquisitions, Construction and General Support | PurposeOfGrantTxt |
| Expended By Grantee | $38,593,939 | ExpendedByGranteeAmt |
| Any Diversion By Grantee | No | AnyDiversionByGranteeTxt |
| Dates Of Reports By Grantee | Various | DatesOfReportsByGranteeTxt |
| Verification | 2017-12-31 | VerificationDt |
| Results Of Verification | Making Waves Foundation had expended the funds granted in 2017. The expenses were verified by reports provided by the recipient. There is a carryover of $801,140 to 2018.No portion of the funds were diverted from the purpose of the grant(s) to the knowledge of the grantor. | ResultsOfVerificationTxt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (39 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| Altria Group 9.7% DTD 11/10/08 | $771,850 | $771,850 |
| American Express Co 8 18% DTD 5/18/09 | $789,894 | $789,894 |
| Amgen Inc. 2.2% DTD 5/22/14 | $835,100 | $835,100 |
| Anheuser Busch InBev 7.75% DTD 1/15/11 | $767,741 | $767,741 |
| Apple Inc 2.1% DTD 5/6/14 | $901,989 | $901,989 |
| AT&T Inc. 5.8% DTD 2/3/09 | $793,810 | $793,810 |
| Bank of America Corp 2.6% DTD 10/22/13 | $822,747 | $822,747 |
| Bank of New York Mellon 2.2% DTD 5/7/14 | $806,006 | $806,006 |
| Boeing Co 6% DTD 3/13/09 | $815,810 | $815,810 |
| Branch Banking & Trust 1.45% DTD 5/10/16 | $836,922 | $836,922 |
| Caterpillar Finl Servc 1.35% DTD 5/18/16 | $816,849 | $816,849 |
| Cisco Systems 4.95% DTD 2/17/09 | $815,564 | $815,564 |
| Citigroup Inc 8.5% DTD 5/22/09 | $801,583 | $801,583 |
| Coca Cola FEMSA 2.375% DTD 11/26/13 | $362,854 | $362,854 |
| Exxon Moblie Corp 1.708% DTD 3/3/16 | $922,762 | $922,762 |
| General Mills 5.65% DTD 2/3/09 | $809,383 | $809,383 |
| Gilead Sciences 2.050% DTD 3/7/14 | $829,917 | $829,917 |
| Goldman Sachs Grp Inc 2.625% DTD 1/31/14 | $828,506 | $828,506 |
| IL Tool Works Inc. 1.95% DTD 2/25/14 | $798,648 | $798,648 |
| Keycorp Mtn 2.3% DTD 11/13/13 | $801,192 | $801,192 |
| Kimberly-Clark Corp 1.4% DTD 2/22/16 | $124,097 | $124,097 |
| Lowes Cos Inc 1.5% DTD 4/20/16 | $840,404 | $840,404 |
| Metlife Inc Notes 7.717% DTD 2/15/09 | $775,581 | $775,581 |
| Morgan Stanley 2.2% DTD 6/8/15 | $800,904 | $800,904 |
| National City Corp 6.7/8% DTD 5/4/99 | $795,105 | $795,105 |
| Nevada PWR Co & Mtg Ser S DTD 7/30/08 | $215,405 | $215,405 |
| Pacific Gas & Elec 8.25% DTD 10/21/08 | $390,292 | $390,292 |
| Pepsico 2.25% DTD 7/30/13 | $827,285 | $827,285 |
| Philip Morris Intl 1.375% DTD 2/25/16 | $843,311 | $843,311 |
| Qualcom Inc 1.85% DTD 5/26/17 | $448,259 | $448,259 |
| Ryder System Inc MTN 2.35% DTD 2/26/13 | $830,722 | $830,722 |
| Simon Property Group 2.2% DTD 1/21/14 | $825,759 | $825,759 |
| Stryker Corp 2% DTD 3/10/16 | $828,655 | $828,655 |
| Suntrust Banks Inc 2.35% DTD 10/25/13 | $827,219 | $827,219 |
| Sysco Corporation 1.9% DTD 4/1/16 | $822,649 | $822,649 |
| United Parcel Service 5 1/8% DTD 3/24/09 | $798,567 | $798,567 |
| UnitedHealth Group Inc. 1.7% DTD 2/25/16 | $846,855 | $846,855 |
| Walt Disney Co 1.85% DTD 6/2/14 | $823,408 | $823,408 |
| Wells Fargo & Compny 2.125% DTD 4/22/14 | $804,807 | $804,807 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| Liberty Global PLC | $3,880,861 | $3,880,861 |
| Oasis Petroleum Inc | $5,870,180 | $5,870,180 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $54,827,200 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $54,827,200 | USGovtObligationsEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (23 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| Bloom Tree Offshore Fd Ltd | FMV | $6,312,649 | $6,312,649 |
| Bluemountain Credit Alt Fund | FMV | $5,583,640 | $5,583,640 |
| Bridgewater Prvt Invst Offshr | FMV | $5,231,531 | $5,231,531 |
| Dodge & Cox Intl Stock Fd | FMV | $23,029,058 | $23,029,058 |
| Eton Park Overseas Fd Ltd | FMV | $242,708 | $242,708 |
| Goldentree Offshore Fd Ltd | FMV | $3,212,878 | $3,212,878 |
| GSO Spcl Sit Ovrsea Fd Ltd | FMV | $1,896,364 | $1,896,364 |
| JPM Inflation Mgd Bd Fd | FMV | $7,379,334 | $7,379,334 |
| Matthews Asia Div-Inst | FMV | $5,342,058 | $5,342,058 |
| Miura Global Fd Ltd | FMV | $6,675,735 | $6,675,735 |
| Monarch Debt Recovry Fd Ltd | FMV | $4,520,515 | $4,520,515 |
| OCH-ZIFF OZOFII Pvt Inv | FMV | $2,748,927 | $2,748,927 |
| SPDR S&P 500 ETF Trust | FMV | $28,421,391 | $28,421,391 |
| SPO Advisory Partners, LP | FMV | $136,720,515 | $136,720,515 |
| Taconic Opp Offshore Fd | FMV | $5,247,411 | $5,247,411 |
| Third Pt Offshore Fd Ltd | FMV | $5,617,602 | $5,617,602 |
| Vanguard FTSE Dev Mkt | FMV | $23,524,808 | $23,524,808 |
| Vanguard FTSE Emrg Mkt | FMV | $7,850,610 | $7,850,610 |
| Vanguard MID-CAP ETF | FMV | $39,380,211 | $39,380,211 |
| Winton Ftrs Fd Ltd | FMV | $5,305,518 | $5,305,518 |
| Matthews Pacific Tiger Inst | FMV | $6,231,996 | $6,231,996 |
| iShares Russell 2000 ETF | FMV | $6,755,350 | $6,755,350 |
| Aristeia International Ltd | FMV | $4,058,202 | $4,058,202 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal Fees | CategoryTxt |
| Legal Fees | $21,094 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $21,094 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (3 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| Accrued Interest/Dividends | $259,463 | $493,647 | $493,647 |
| Accrued Partnership Withdrawals | $43,659,300 | $43,659,300 | |
| Purchased Interest | $17,904 | $125,847 | $125,847 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Bank Fees | $876 | $876 | |
| Dividends paid on Short Positions | $191,370 | $191,370 | |
| Fees and Licenses | $310 | $310 | |
| Insurance | $4,492 | $4,492 | |
| Postage & Delivery | $26 | $26 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Partnership Income | Desc |
| Revenue And Expenses Per Books | $863,042 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $863,042 | NetInvestmentIncomeAmt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (3 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| Deferred Excise Tax | $215,760 | $547,372 |
| Excise Tax Payable | $19,961 | |
| Short Positions | $11,227,980 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment Management Fees | CategoryTxt |
| Amt | $530,320 | Amt |
| Net Investment Income | $530,320 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Deferred Excise Tax | $331,612 | |
| Excise Tax | $89,054 | |
| Foreign Tax W/H | $119,512 | $119,512 |