JOHN H AND REGINA K SCULLY FOUNDATION: Form 990PF, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- JOHN H AND REGINA K SCULLY FOUNDATION (EIN 46-2014396)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-09-20
- IRS object ID
- 201702639349100510
- Schema version
- 2016v3.0
- 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 | 2017-09-20T14:10:28-07:00 | ReturnTs |
| Tax Period End | 2016-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | 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 | 2016-01-01 | 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 | 2017-09-20 | 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 | 2016 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $537,749,657 | 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 | $113,718,897 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $526,658 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $526,658 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $2,095,564 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $2,095,564 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $6,656,353 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $63,007,896 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $6,656,353 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $1,138,637 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $1,138,637 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $124,136,109 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $10,417,212 | TotalNetInvstIncmAmt |
| Legal Fees Rev And Expnss | $8,167 | LegalFeesRevAndExpnssAmt |
| Legal Fees Dsbrs Chrtbl | $8,167 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $17,560 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Chrtbl Prps | $17,560 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $385,020 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $385,020 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $386,124 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $70,731 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $4,835 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $330 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $4,505 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $801,706 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $456,081 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $30,232 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $48,225,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $48,225,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $49,026,706 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $456,081 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $48,255,232 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $75,109,403 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $9,961,131 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $169,271,143 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $182,341,799 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $182,341,799 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $136,394 | AcctRcvblAmt |
| Acct Rcvbl BOY | $22,818 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $136,394 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $136,394 | AcctRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $126,726 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $27,093 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $27,093 | PrepaidExpensesEOYFMVAmt |
| US Government Obligations EOY | $9,999,600 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $9,999,600 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $14,241,609 | CorporateStockBOYAmt |
| Corporate Stock EOY | $14,041,285 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $14,041,285 | CorporateStockEOYFMVAmt |
| Corporate Bonds EOY | $8,987,914 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $8,987,914 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $239,694,634 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $321,938,205 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $321,938,205 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $110,135 | OtherAssetsBOYAmt |
| Other Assets EOY | $277,367 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $277,367 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $423,467,065 | TotalAssetsBOYAmt |
| Total Assets EOY | $537,749,657 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $537,749,657 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $86,190 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $93,007 | AccountsPayableEOYAmt |
| Other Liabilities EOY | $215,760 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $86,190 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $308,767 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $256,210,673 | UnrestrictedBOYAmt |
| Unrestricted EOY | $352,015,716 | UnrestrictedEOYAmt |
| Temporarily Restricted EOY | $18,254,972 | TemporarilyRestrictedEOYAmt |
| Permanently Restricted BOY | $167,170,202 | PermanentlyRestrictedBOYAmt |
| Permanently Restricted EOY | $167,170,202 | PermanentlyRestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $423,380,875 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $537,440,890 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $423,467,065 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $537,749,657 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $423,380,875 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $75,109,403 | ExcessRevenueOverExpensesAmt |
| Other Increases | $38,950,612 | OtherIncreasesAmt |
| Subtotal | $537,440,890 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $537,440,890 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 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 Secuties | P | 2000-01-01 | 2016-12-31 | $55,548,506 | $56,351,543 | -$803,037 | -$803,037 |
| Realized Gain from Investment Psps | P | 2000-01-01 | 2016-12-31 | $5,134,203 | $5,134,203 | $5,134,203 | |
| Realized Gain from Investment Psps | P | 2000-01-01 | 2016-12-31 | $2,325,187 | $2,325,187 | $2,325,187 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $6,656,353 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $17,692,939 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $305,954,315 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.05783 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $675,392 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $186,567,338 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.00362 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $10,031 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $15,512,053 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.00065 | DistributionYr3Rt |
| Total Distribution | 0.062096 | TotalDistributionRt |
| Average Distribution | 0.020699 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $439,758,930 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $9,102,570 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $99,611 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $9,202,181 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $48,255,232 | 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 | $99,611 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $99,611 | SubtotalAmt |
| Tax Based On Investment Income | $99,611 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $126,684 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $126,684 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Overpayment | $27,073 | OverpaymentAmt |
| Applied To ES Tax | $27,073 | 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 (5 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 | President/Dir | 1.00 | $0 |
| Ronald A Cohan | ||||||
| 591 Redwood Highway Ste 3215 | Mill Valley | CA | 94941 | Director | 1.00 | $0 |
| Hamid Moghadam | ||||||
| 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 | $160,237,813 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $69,941,590 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $216,276,364 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $446,455,767 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $446,455,767 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $6,696,837 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $439,758,930 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $21,987,947 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $21,987,947 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $99,611 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $99,611 | TotalTaxAmt |
| Distributable Before Adj | $21,888,336 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $21,888,336 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $21,888,336 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $48,255,232 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $48,255,232 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $99,611 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $48,155,621 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $21,888,336 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $6,816,582 | UndistributedIncomePYAmt |
| Qualifying Distributions | $48,255,232 | QualifyingDistributionsAmt |
| Applied To Year1 | $6,816,582 | AppliedToYear1Amt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $21,888,336 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $19,550,314 | RemainingDistriFromCorpusAmt |
| Total Corpus | $19,550,314 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $19,550,314 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $19,550,314 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (11 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 | $1,500,000 |
| Making Waves Foundation | |||||||
| 3220 Blume Dr Ste 250 | Richmond | CA | 94806 | N/A | POF | Real Estate Acquisition | $17,775,000 |
| Making Waves Foundation | |||||||
| 3220 Blume Dr Ste 250 | Richmond | CA | 94806 | N/A | POF | Real Estate Expenses | $875,000 |
| Making Waves Foundation | |||||||
| 3220 Blume Dr Ste 250 | Richmond | CA | 94806 | N/A | POF | Real Estate Acquisition | $7,400,000 |
| Making Waves Foundation | |||||||
| 3220 Blume Dr Ste 250 | Richmond | CA | 94806 | N/A | POF | Real Estate Acquisition | $14,300,000 |
| Making Waves Foundation | |||||||
| 3220 Blume Dr Ste 250 | Richmond | CA | 94806 | N/A | POF | Real Estate Construction | $125,000 |
| 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 | 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 | General Support | $1,500,000 |
| Making Waves Academy | |||||||
| 3220 Blume Dr Ste 250 | Richmond | CA | 94806 | N/A | PC | General Support | $250,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $48,225,000 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $526,658 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $2,095,564 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $6,656,353 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Partnership Income | Desc |
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,138,637 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $10,417,212 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $10,417,212 | 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 | $113,718,897 | 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 | $17,560 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $17,560 | 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 | 2016-01-01 | GrantDt |
| Grant | $46,475,000 | GrantAmt |
| Purpose Of Grant | Real Estate Acquisitions, Construction and General Support | PurposeOfGrantTxt |
| Expended By Grantee | $46,475,000 | ExpendedByGranteeAmt |
| Any Diversion By Grantee | No | AnyDiversionByGranteeTxt |
| Dates Of Reports By Grantee | Various | DatesOfReportsByGranteeTxt |
| Verification | 2016-01-01 | VerificationDt |
| Results Of Verification | Making Waves Foundation had expended all funds granted in 2016. All expenses were verified by reports provided by the recipient.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 (7 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| Citigroup Inc, 4.45% 1/10/17 | $1,751,260 | $1,751,260 |
| Comcast Corp, 6.5% 1/15/17 | $1,856,020 | $1,856,020 |
| General Electric, 2.9% 1/9/17 | $1,000,390 | $1,000,390 |
| John Deere, 2.0% 1/13/17 | $860,353 | $860,353 |
| Pfizer Inc, 0.9% 1/15/17 | $1,600,000 | $1,600,000 |
| PNC Bank, 1.125% 1/27/17 | $799,544 | $799,544 |
| Toyota Motor Credit, 2.05% 1/12/17 | $1,120,347 | $1,120,347 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (3 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| Liberty Global PLC, 104,000 Sh | $3,088,800 | $3,088,800 |
| Lilac Group, 18,175 Sh | $384,765 | $384,765 |
| Oasis Petroleum Inc, 698,000 Sh | $10,567,720 | $10,567,720 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $9,999,600 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $9,999,600 | USGovtObligationsEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (20 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| Bloom Tree Offshore F, Ltd, 2,971.94 Sh | FMV | $3,512,440 | $3,512,440 |
| Bluemountain Credit Alt Fund, 41,000 Sh | FMV | $4,290,901 | $4,290,901 |
| Bridgewater Prvt Invst Offshr, 37,000 Sh | FMV | $3,929,466 | $3,929,466 |
| Dodge & Cox Intl Stock Fd, 340,850.11 Sh | FMV | $12,986,389 | $12,986,389 |
| Eton Park Overseas Fd, Ltd, 5,200 Sh | FMV | $4,637,678 | $4,637,678 |
| Goldentree Offshore Fd, Ltd, 3,000 Sh | FMV | $3,065,502 | $3,065,502 |
| GSO Spcl Sit Ovrsea Fd Ltd, 3,300 Sh | FMV | $3,157,851 | $3,157,851 |
| JPM Inflation Mgd Bd Fd, 530,796.84 Sh | FMV | $5,445,976 | $5,445,976 |
| Matthews Asia Div-Inst, 270,758.12 Sh | FMV | $4,202,166 | $4,202,166 |
| Miura Global Fd, Ltd, 3,500 Sh | FMV | $3,028,284 | $3,028,284 |
| Monarch Debt Recovry Fd Ltd, 3,000 Sh | FMV | $3,051,715 | $3,051,715 |
| OCH-ZIFF OZOFII Pvt Inv, 14,103.56 Sh | FMV | $2,467,350 | $2,467,350 |
| SPDR S&P 500 ETF Trust, 131,820 Sh | FMV | $29,465,725 | $29,465,725 |
| SPO Advisory Partners, LP | FMV | $178,414,661 | $178,414,661 |
| Taconic Opp Offshore Fd, 2,450 Sh | FMV | $2,596,680 | $2,596,680 |
| Third Pt Offshore Fd, Ltd, 29,000 Sh | FMV | $3,152,325 | $3,152,325 |
| Vanguard FTSE Dev Mkt, 425,100 Sh | FMV | $15,533,152 | $15,533,152 |
| Vanguard FTSE Emrg Mkt, 171,000 Sh | FMV | $6,118,380 | $6,118,380 |
| Vanguard MID-CAP ETF, 225,427 Sh | FMV | $29,672,956 | $29,672,956 |
| Winton Ftrs Fd Ltd, 33,500 Sh | FMV | $3,208,608 | $3,208,608 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal Fees | CategoryTxt |
| Legal Fees | $8,167 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $8,167 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| Accrued Interest/Dividends | $110,135 | $259,463 | $259,463 |
| Purchased Interest | $17,904 | $17,904 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Fees and Licenses | $330 | $330 | |
| Insurance | $4,492 | $4,492 | |
| Postage & Delivery | $13 | $13 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Partnership Income | Desc |
| Revenue And Expenses Per Books | $1,138,637 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $1,138,637 | NetInvestmentIncomeAmt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Deferred Excise Tax | Desc |
| EOY Book Value | $215,760 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment Management Fees | CategoryTxt |
| Amt | $385,020 | Amt |
| Net Investment Income | $385,020 | 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 | $215,760 | |
| Excise Tax | $99,633 | |
| Foreign Tax W/H | $70,731 | $70,731 |