CHESTNUT FUND: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- CHESTNUT FUND (EIN 47-7017184)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-14
- IRS object ID
- 202543189349101949
- Schema version
- 2024v5.2
- 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
- Accounting Fees Schedule
- General Explanation Attachment
- Investments Corp Stock Schedule
- Investments Other Schedule2
- 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 | 2025-11-14T10:59:22-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 331374517 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PKF O'CONNOR DAVIES ADVISORY LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 150 PRESIDENTIAL WAY SUITE 510 | AddressLine1Txt |
| City | WOBURN | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01801 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 477017184 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHESTNUT FUND | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CHES | BusinessNameControlTxt |
| Phone | 6174821776 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | CO GS 1 POST OFFICE SQUARE FL 2 | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02109 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ALAN ROTTENBERG | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Phone | 6174821776 | PhoneNum |
| Signature | 2025-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JAMES R DOWNING | PreparerPersonNm |
| PTIN | P01229332 | PTIN |
| Phone | 7819375300 | PhoneNum |
| Preparation | 2025-11-13 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $70,367,877 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $1,184,697 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,164,255 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $6,593,165 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $17,004,800 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $6,552,041 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $278,103 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $264,256 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $0 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $8,055,965 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $7,980,552 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $30,918 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $15,459 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $15,459 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $598,361 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $305,066 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $293,295 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $97,299 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $32,299 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $329,931 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $326,614 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,056,509 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $679,438 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $308,754 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $2,935,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $2,935,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $3,991,509 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $679,438 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $3,243,754 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $4,064,456 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $7,301,114 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $24,925 | CashBOYAmt |
| Cash EOY | $10,793 | CashEOYAmt |
| Cash EOYFMV | $10,793 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $2,199,645 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $511,184 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $508,747 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $15,000 | AcctRcvblAmt |
| Acct Rcvbl EOY | $15,000 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $15,000 | AcctRcvblEOYFMVAmt |
| Corporate Stock BOY | $8,731,941 | CorporateStockBOYAmt |
| Corporate Stock EOY | $13,961,687 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $18,487,559 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $39,865,282 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $40,385,790 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $51,345,778 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $50,821,793 | TotalAssetsBOYAmt |
| Total Assets EOY | $54,884,454 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $70,367,877 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $1,845 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $50 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $1,845 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $50 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $50,819,948 | RetainedEarningBOYAmt |
| Retained Earning EOY | $54,884,404 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $50,819,948 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $54,884,404 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $50,821,793 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $54,884,454 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $50,819,948 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $4,064,456 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $54,884,404 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $54,884,404 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (16 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| SHORT TERM SALE OF INVESTMENT | P | $2,690,709 | $2,594,764 | $95,945 | $95,945 |
| LONG TERM SALE OF INVESTMENT | P | $6,852,691 | $4,865,856 | $1,986,835 | $1,986,835 |
| LONG TERM SALE OF INVESTMENT | P | $591,551 | $128,581 | $462,970 | $462,970 |
| LONG TERM PARTNERSHIP CAPITAL GAIN | P | $566,636 | $41,124 | $525,512 | $525,512 |
| SHORT TERM PARTNERSHIP CAPITAL LOSS | P | $9,338 | -$9,338 | -$9,338 | |
| SECTION 1231 LOSS | P | $1,782 | -$1,782 | -$1,782 | |
| SECTION 1256 GAIN | P | $2,154 | $2,154 | $2,154 | |
| GAIN FROM COATUE OFFSHORE FUND LTD | P | $500,000 | $267,060 | $232,940 | $232,940 |
| GAIN FROM GENERATION IM GLOBAL EQUITY FUND | P | $2,000,000 | $2,000,000 | $2,000,000 | |
| GAIN FROM TACONIC OPPORTUNITY OFFSHORE FUND LTD | P | $750,502 | $651,148 | $99,354 | $99,354 |
| GAIN FROM SELECT EQUITY OFFSHORE FUND LTD | P | $2,221,457 | $1,500,000 | $721,457 | $721,457 |
| GAIN FROM VARADERO INTERNATIONAL LTD | P | $433,674 | $309,376 | $124,298 | $124,298 |
| LOSS ON DISPOSITION OF MIT PRIVATE EQUITY FUND II | P | $7,365 | $42,536 | -$35,171 | -$35,171 |
| GAIN ON DISPOSITION OF PARK STREET CAPITAL NATURAL RESOURCE FUND II LP | P | $11,274 | $10,156 | $1,118 | $1,118 |
| LOSS ON DISPOSITION OF PARK STREET CAPITAL PRIVATE EQUITY FUND VII LP | P | $22,692 | $31,038 | -$8,346 | -$8,346 |
| CAPITAL GAINS DIVIDENDS | P | $354,095 | $354,095 | $354,095 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $6,552,041 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $101,485 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $101,485 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $101,485 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $79,345 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $110,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $189,345 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $87,860 | OverpaymentAmt |
| Applied To ES Tax | $87,860 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | Yes (1) | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | GOULSTON STORRS PC | IndividualWithBooksNm |
| Phone | 6174821776 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 POST OFFICE SQUARE FL 25 | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02109 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|---|
| JANE STEIN | |||||||||
| GOULSTON STORRS 1 POST OFFICE | SQUARE FL 25 | BOSTON | MA | 02109 | TRUSTEE | 2.00 | $0 | $0 | $0 |
| ADAM STEIN | |||||||||
| GOULSTON STORRS 1 POST OFFICE | SQUARE FL 25 | BOSTON | MA | 02109 | TRUSTEE | 2.00 | $0 | $0 | $0 |
| GERDA STEIN | |||||||||
| GOULSTON STORRS 1 POST OFFICE | SQUARE FL 25 | BOSTON | MA | 02109 | TRUSTEE | 2.00 | $0 | $0 | $0 |
| ALAN ROTTENBERG | |||||||||
| GOULSTON STORRS 1 POST OFFICE | SQUARE FL 25 | BOSTON | MA | 02109 | TRUSTEE | 2.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| MOTT PHILANTHROPIC | |||||
| 800 BOYLSTON STREET | BOSTON | MA | 021998129 | GRANTS MANAGEMENT | $231,026 |
| GOULSTON & STORRS | |||||
| 1 POST OFFICE SQUARE FL 25 | BOSTON | MA | 02109 | INVESTMENT/CUSTODIAL/LEGAL | $144,270 |
| CAMBRIDGE ASSOCIATES | |||||
| 100 SUMMER STREET | BOSTON | MA | 02115 | INVESTMENT/CUSTODIAL | $139,959 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE - GRANT MAKING ORGANIZATION | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE - GRANT MAKING ORGANIZATION | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $67,142,117 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $2,898,379 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $15,000 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $70,055,496 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $70,055,496 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,050,832 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $69,004,664 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $3,450,233 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $3,450,233 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $101,485 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $216 | IncomeTaxAmt |
| Total Tax | $101,701 | TotalTaxAmt |
| Distributable Before Adj | $3,348,532 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $3,348,532 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $3,348,532 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $3,243,754 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $3,243,754 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $3,348,532 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $2,006,760 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $3,980,669 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $885,761 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $1,838,110 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $542,500 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $9,253,800 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $3,243,754 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $3,243,754 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $104,778 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $104,778 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $9,149,022 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $1,901,982 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $7,247,040 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $3,980,669 | ExcessFromYear4Amt |
| Excess From Year3 | $885,761 | ExcessFromYear3Amt |
| Excess From Year2 | $1,838,110 | ExcessFromYear2Amt |
| Excess From Year1 | $542,500 | ExcessFromYear1Amt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| CENTER ON BUDGET AND POLICY PRIORITIES | |||||||
| 820 FIRST STREET NE SUITE 510 | WASHINGTON | DC | 20002 | NONE | 509(A)(1) | GREENSTEIN FUND FOR A JUST FUTURE | $120,000 |
| EMMAS FUND | |||||||
| 500 S COLUMBIA DR | DECATUR | GA | 30030 | NONE | 509(A)(1) | GENERAL OPERATING SUPPORT | $350,000 |
| LUPINE FUND CO FIDELITY CHARITABLE GIFT FUND | |||||||
| FIDELITY CHARITABLE PO BOX 770001 | CINCINNATI | OH | 452770053 | NONE | 501(C)(3) | GENERAL OPERATING SUPPORT | $2,465,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $2,935,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,184,697 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $6,593,165 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (2 entries)
| DescDesc | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|---|---|
| PARTNERSHIP PASSTHROUGH | 523000 | $13,847 | 14 | $259,888 |
| OTHER INCOME | 14 | $4,368 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $13,847 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $8,042,118 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $8,055,965 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES - TAX PREP | CategoryTxt |
| Amt | $30,918 | Amt |
| Net Investment Income | $15,459 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $15,459 | DisbursementsCharitablePrpsAmt |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | INFORMATION ABOUT DIRECTORS & OFFICERS | IdentifierTxt |
| Form And Line Reference | FORM 990-PF, PART VIII, LINE 1 | FormAndLineReferenceDesc |
| Medium Explanation | THE DIRECTORS & OFFICERS OF THE FOUNDATION RECEIVE NO COMPENSATION, BENEFITS OR ANY AMOUNTS FOR SERVING AS DIRECTORS. THE HOURS DEVOTED WERE ON A PART-TIME BASIS, AS NEEDED. | MediumExplanationTxt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | DOMESTIC EQUITY | StockNm |
| EOY Book Value | $13,961,687 | EOYBookValueAmt |
| EOYFMV | $18,487,559 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| DOMESTIC BONDS | AT COST | $8,870,392 | $8,203,924 |
| GLOBAL EQUITY | AT COST | $5,491,719 | $7,014,585 |
| HEDGE FUNDS | AT COST | $12,106,141 | $20,182,556 |
| PRIVATE INVESTMENTS | AT COST | $13,917,538 | $15,944,713 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| DEDUCTIONS FROM PASSTHROUGHS | $329,017 | $325,700 | $0 | $0 |
| MISCELLANEOUS | $414 | $414 | $0 | $0 |
| FILING FEES | $500 | $500 | $0 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| PARTNERSHIP PASSTHROUGH | $273,735 | $259,888 | $0 |
| OTHER INCOME | $4,368 | $4,368 | $0 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| MOTT FUNDS | $50 | $50 |
| CAPITAL CALLS PAYABLE | $1,795 | $0 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| INVESTMENT MANAGEMENT | $223,065 | $223,065 | $0 | $0 |
| MOTT PHILANTHROPIC | $231,026 | $0 | $0 | $231,026 |
| GOULSTON & STORRS FEES | $144,270 | $82,001 | $0 | $62,269 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| FOREIGN TAXES | $32,299 | $32,299 | $0 | $0 |
| FEDERAL EXCISE TAX | $65,000 | $0 | $0 | $0 |