THE KILTS FAMILY FOUNDATION: Form 990PF, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- THE KILTS FAMILY FOUNDATION (EIN 13-4147482)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-11-14
- IRS object ID
- 201743189349100709
- Schema version
- 2016v3.1
- 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
- Depreciation Schedule
- Expln Of Non Filing With AG Stmt
- 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 | 2017-11-14T07:36:18-06:00 | ReturnTs |
| Tax Period End | 2016-12-31 | 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 | 2016-01-01 | 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 | Trustee | PersonTitleTxt |
| Phone | 5186405000 | PhoneNum |
| Signature | 2017-11-01 | 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 | 12.47.208.50 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Federal Original Submission Id | 14257320173185000001 | FederalOriginalSubmissionId |
| Federal Original Submission Id | 2017-11-14 | FederalOriginalSubmissionIdDt |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 557D8FA26AD0C2C06FF0A4060A8A64F04BD3FCD4 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 557D8FA26AD0C2C06FF0A4060A8A64F04BD3FCD4 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2017-02-10 21:41:12Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $16,847,823 | 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 | $3,355,503 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $39 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $39 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $238,301 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $238,301 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $529,288 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $11,219,462 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $529,288 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $60,122 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $60,122 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $4,183,253 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $827,750 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Taxes Rev And Expnss | $3,122 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $3,122 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $115,928 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $115,607 | OtherExpensesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $119,050 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $118,729 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,314,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,314,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,433,550 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $118,729 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,314,500 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $2,749,703 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $709,021 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $1,119,500 | CashBOYAmt |
| Cash EOY | $739,683 | CashEOYAmt |
| Cash EOYFMV | $739,683 | CashEOYFMVAmt |
| Corporate Stock BOY | $10,971,642 | CorporateStockBOYAmt |
| Corporate Stock EOY | $13,866,651 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $15,014,167 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $987,797 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $923,330 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $1,077,798 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $801 | OtherAssetsBOYAmt |
| Other Assets EOY | $16,175 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $16,175 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $13,079,740 | TotalAssetsBOYAmt |
| Total Assets EOY | $15,545,839 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $16,847,823 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $13,880,637 | CapitalStockBOYAmt |
| Capital Stock EOY | $15,545,839 | CapitalStockEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $13,880,637 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $15,545,839 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $13,880,637 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $15,545,839 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $13,880,637 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $2,749,703 | ExcessRevenueOverExpensesAmt |
| Subtotal | $16,630,340 | SubtotalAmt |
| Other Decreases | $1,084,501 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $15,545,839 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (10 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|
| FIELDPOINT #716 | $133,029 | $94,834 | $38,195 | $38,195 | |
| LB OFFSHORE DIV ARBITRAGE FUND | $5,752 | $8,861 | -$3,109 | -$3,109 | |
| FIELDPOINT #724 | $35,753 | $24,595 | $11,158 | $11,158 | |
| US TRUST #473 | $65,984 | $50,157 | $15,827 | $15,827 | |
| US TRUST #335 | $145,994 | $129,198 | $16,864 | $16,796 | |
| US TRUST #309 | $64,691 | $64,441 | $250 | $250 | |
| US TRUST #314 | $848,682 | $777,984 | $70,698 | $70,698 | |
| US TRUST #1021 | $10,183,753 | $9,419,202 | $764,551 | $764,551 | |
| US TRUST #670 | $129,504 | $120,970 | $8,534 | $8,534 | |
| CAPITAL GAIN DIVIDENDS | $92,116 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $529,288 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $1,194,193 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $15,545,493 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.076819 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $1,142,500 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $14,462,524 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.078997 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $298,750 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $12,143,360 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.024602 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $1,178,827 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $11,622,902 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.101423 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $857,741 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $11,663,735 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.073539 | DistributionYr5Rt |
| Total Distribution | 0.35538 | TotalDistributionRt |
| Average Distribution | 0.071076 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $14,185,828 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $1,008,272 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $7,090 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $1,015,362 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $1,314,500 | 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 | $7,090 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $7,090 | SubtotalAmt |
| Tax Based On Investment Income | $7,090 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $25,459 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $25,459 | TotalPaymentsAndCreditsAmt |
| Overpayment | $18,369 | OverpaymentAmt |
| Applied To ES Tax | $18,369 | 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 | $12,556,888 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $768,058 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $1,076,910 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $14,401,856 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $14,401,856 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $216,028 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $14,185,828 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $709,291 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $709,291 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $7,090 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $7,090 | TotalTaxAmt |
| Distributable Before Adj | $702,201 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $702,201 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $702,201 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,314,500 | 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 | $1,314,500 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $7,090 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,307,410 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $702,201 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2014 | PriorYear1Yr |
| Prior Year2 | 2013 | PriorYear2Yr |
| Prior Year3 | 2012 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $296,072 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $620,228 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr2 | $446,005 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $435,832 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $1,798,137 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,314,500 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Current Year | $702,201 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $612,299 | RemainingDistriFromCorpusAmt |
| Total Corpus | $2,410,436 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $296,072 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $2,114,364 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $620,228 | ExcessFromYear4Amt |
| Excess From Year2 | $446,005 | ExcessFromYear2Amt |
| Excess From Year1 | $435,832 | ExcessFromYear1Amt |
| Excess From Current Year | $612,299 | ExcessFromCurrentYearAmt |
| 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 | $1,314,500 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,314,500 | 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 | $39 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $238,301 | 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 | $60,122 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $529,288 | 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 | $827,750 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $827,750 | 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 | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|
| JAMES M AND SANDRA M KILTS | ||||||
| 1 | C/O THE AYCO CO PO BOX 860 | SARATOGA SPRINGS | NY | 12866 | $1,999,880 | Yes (X) |
| JAMES M AND SANDRA M KILTS | ||||||
| 2 | C/O THE AYCO CO PO BOX 860 | SARATOGA SPRINGS | NY | 12866 | $1,355,623 | Yes (X) |
Non Cash Property Contribution NonCashPropertyContributionGrp (28 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | 1,004 shares Arris International plc | $29,056 | 2016-11-17 |
| 2 | 1,825 shares Brinks Co | $77,152 | 2016-11-17 |
| 3 | 1,228 shares Callidus Software Inc | $20,495 | 2016-11-17 |
| 4 | 410 shares Centene Corp | $23,298 | 2016-11-17 |
| 5 | 394 shares Ceva Inc | $12,293 | 2016-11-17 |
| 6 | 678 shares Core-Mark Holding Co Inc | $24,344 | 2016-11-17 |
| 7 | 1,098 shares Cypress Semiconductor Corp | $11,798 | 2016-11-17 |
| 8 | 36,695 shares Dennys Corp | $449,697 | 2016-11-17 |
| 9 | 162 shares Descartes Sys Group Inc | $3,613 | 2016-11-17 |
| 10 | 669 shares Equinix Inc | $223,426 | 2016-11-17 |
| 11 | 1,258 shares Formfactor Inc | $13,995 | 2016-11-17 |
| 12 | 330 shares Markel Corp | $288,144 | 2016-11-17 |
| 13 | 800 shares McDermott International Inc | $4,812 | 2016-11-17 |
| 14 | 2,443 shares Mercury Systems Inc | $76,672 | 2016-11-17 |
| 15 | 4,600 shares Microsoft Corp | $278,116 | 2016-11-17 |
| 16 | 1,756 shares NTT Docomo Inc | $39,931 | 2016-11-17 |
| 17 | OSI Systems Inc | $1,598 | 2016-11-17 |
| 18 | 498 shares Ormat Technologies Inc | $23,174 | 2016-11-17 |
| 19 | 50 shares Paycom Software Inc | $2,170 | 2016-11-17 |
| 20 | 583 shares Rudolph Technologies Inc | $11,179 | 2016-11-17 |
| 21 | 1,132 shares Silver Spring Networks Inc | $16,578 | 2016-11-17 |
| 22 | 549 shares Spirit Aerosystems Holdings | $30,760 | 2016-11-17 |
| 23 | 1,538 shares Sysmex Corp | $47,586 | 2016-11-17 |
| 24 | 6,491 shares Taiwan Semiconductor Manufacturing Inc | $192,685 | 2016-11-17 |
| 25 | 3,145 shares Tencent Holdings Ltd | $79,144 | 2016-11-17 |
| 26 | 226 shares II-VI Inc | $6,633 | 2016-11-17 |
| 27 | 167 shares Universal Electronics Inc | $11,527 | 2016-11-17 |
| 28 | 25,846 shares Westrock Co | $1,355,623 | 2016-12-16 |
Depreciation Schedule DepreciationSchedule
Expln Of Non Filing With AG Stmt ExplnOfNonFilingWithAGStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | the foundation is registered in the state of Delaware. Delaware does not have a filing requirement for the tax return. | ExplanationTxt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (8 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| FIELDPOINT #258 | $151,891 | $182,192 |
| FIELDPOINT #716 | $486,382 | $626,705 |
| FIELDPOINT #724 | $140,342 | $159,132 |
| US TRUST #021 | $11,085,833 | $11,751,801 |
| US TRUST #473 | $104,297 | $146,469 |
| US TRUST #335 | $202,967 | $248,223 |
| US TRUST #670 | $1,198,303 | $1,341,158 |
| US TRUST #309 | $496,636 | $558,487 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (5 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| K-1 POMONA CAP SEC CO-INVST | AT COST | $41,457 | $138,007 |
| LB OFFSH DIV ARBITRAGE | AT COST | ||
| PTP LAZARD | AT COST | $3,110 | $4,273 |
| GSO MEZZANINE (OFFSHORE) | AT COST | $169,334 | $215,791 |
| K-1 SALIENT MLP TE FUND | AT COST | $709,429 | $719,727 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| DIVIDENDS RECEIVABLE | $801 | $5,215 | $5,215 |
| K1 DISTRIBUTION RECEIVABLE | $0 | $10,960 | $10,960 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | APPRECIATION OVER DONOR'S COST | Desc |
| Amt | $1,084,501 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| MANAGEMENT FEES | $94,145 | $94,145 |
| CT CORPORATE BUSINESS FEE | $296 | |
| DELAWARE FILING FEE | $25 | |
| DEDUCTIONS FROM K-1 | $21,462 | $21,462 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| other income from k-1 | $60,139 | $60,139 |
| section 1256 from k-1 | -$3,869 | -$3,869 |
| US TRUST #473 | $41 | $41 |
| US TRUST #670 | $3,811 | $3,811 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FOREIGN TAXES | CategoryTxt |
| Amt | $3,122 | Amt |
| Net Investment Income | $3,122 | NetInvestmentIncomeAmt |