LA VIDA FELIZ FOUNDATION: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- LA VIDA FELIZ FOUNDATION (EIN 26-1622021)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-17
- IRS object ID
- 202543219349102914
- Schema version
- 2024v5.2
- Note
- A later return for the same period supersedes this one.
- 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
- Depreciation Schedule
- Expenditure Responsibility Stmt
- General Explanation Attachment
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-17T10:28:30-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3333 New Hyde Park Rd Ste 406 | AddressLine1Txt |
| City | New Hyde Park | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11042 | 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 | 261622021 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The La Vida Feliz Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Foundation Source | InCareOfNm |
| Business Name Control | LAVI | BusinessNameControlTxt |
| Phone | 8008391754 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Foundation Source 501 Silverside Rd | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Aaron Sosnick | PersonNm |
| Person Title | Trustee | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2025-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jeffrey D Haskell | PreparerPersonNm |
| PTIN | P01345770 | PTIN |
| Phone | 8008391754 | PhoneNum |
| 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) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $575,741,157 | 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 | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $5,742,551 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $5,742,551 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $1,353,397 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,353,397 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$1,041,673 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $45,871,468 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $19,308,605 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $3,678,909 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $25,362,880 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $10,774,857 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $98,485 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $98,485 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $8,660 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $8,660 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $500,648 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $218,898 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $281,750 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $362,065 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $362,065 | InterestNetInvstIncmAmt |
| Taxes Rev And Expnss | $654,833 | TaxesRevAndExpnssAmt |
| Taxes Dsbrs Chrtbl | $476,384 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Adj Net Incm | $0 | DeprecAndDpltnAdjNetIncmAmt |
| Occupancy Rev And Expnss | $29,207 | OccupancyRevAndExpnssAmt |
| Occupancy Dsbrs Chrtbl | $29,207 | OccupancyDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $1,123,758 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $831,975 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $210,395 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $2,777,656 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $1,421,598 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,096,221 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $0 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,777,656 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $1,421,598 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,096,221 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $22,585,224 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $9,353,259 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $115,150,922 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $109,664,000 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $109,664,000 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl BOY | $1,256 | AcctRcvblBOYAmt |
| Corporate Stock BOY | $32,648,999 | CorporateStockBOYAmt |
| Corporate Stock EOY | $109,017,623 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $298,459,943 | CorporateStockEOYFMVAmt |
| Mortgage Loans BOY | $52,869,114 | MortgageLoansBOYAmt |
| Mortgage Loans EOY | $17,975,000 | MortgageLoansEOYAmt |
| Mortgage Loans EOYFMV | $12,800,000 | MortgageLoansEOYFMVAmt |
| Other Investments BOY | $152,774,035 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $91,578,561 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $106,327,624 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $46,494,569 | LandBldgEquipCostOrOtherBssAmt |
| Land BOY | $50,203 | LandBOYAmt |
| Land EOY | $46,494,569 | LandEOYAmt |
| Land EOYFMV | $46,640,090 | LandEOYFMVAmt |
| Other Assets BOY | $499,500 | OtherAssetsBOYAmt |
| Other Assets EOY | $1,849,500 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $1,849,500 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $353,994,029 | TotalAssetsBOYAmt |
| Total Assets EOY | $376,579,253 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $575,741,157 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $353,994,029 | RetainedEarningBOYAmt |
| Retained Earning EOY | $376,579,253 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $353,994,029 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $376,579,253 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $353,994,029 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $376,579,253 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $353,994,029 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $22,585,224 | ExcessRevenueOverExpensesAmt |
| Subtotal | $376,579,253 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $376,579,253 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt |
|---|---|---|---|---|---|---|---|
| Publicly-traded Securities | $597,313 | $0 | $597,313 | $597,313 | |||
| Passthrough K1 Capital Gain/(Loss) | $1,481,909 | ||||||
| MTG LOAN - 350 EAST 10TH STREET LLC | $45,272,899 | $48,967,013 | -$3,694,114 | -$3,694,114 | P | 2023-10-12 | 2024-02-07 |
| VOLTA SPW - SALES PROCEEDS | $1,256 | $1,256 | P | 2023-12-31 | 2024-03-28 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$1,614,892 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $130,010 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $130,010 | SubtotalAmt |
| Tax Based On Investment Income | $130,010 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $185,500 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $185,500 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $55,490 | OverpaymentAmt |
| Applied To ES Tax | $55,490 | 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 | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NY | 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 |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8008391754 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 501 Silverside Road Suite 123 | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | 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 |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Aaron Sosnick | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Foundation Source 501 Silverside Rd | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | Trustee | TitleTxt |
| Average Hrs Per Wk Devoted To Pos | 1.0 | AverageHrsPerWkDevotedToPosRt |
| Compensation | $0 | CompensationAmt |
| Employee Benefit Program | $0 | EmployeeBenefitProgramAmt |
| Expense Account Other Allwnc | $0 | ExpenseAccountOtherAllwncAmt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Foundation Source | |||||
| 55 Walls Drive | FAIRFIELD | CT | 06824 | Administrative Svcs | $151,500 |
| Benjamin Pierson | |||||
| 5 Euclid Avenue | Maplewood | NJ | 07040 | Philnthrpc & Invstmt | $312,210 |
| Q Impact Solutions LLC | |||||
| na | na | AL | 10000 | Philanthropic | $115,040 |
| Tarter Krinsky & Drogin LLP | |||||
| 1350 Broadway | NEW YORK | NY | 10018 | Legal | $89,889 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 300 | ContractorPaidOver50kCnt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | SIXTH STREET COMMUNITY CENTER: TO ALLOW THE CHARITY TO REFINANCE ITS CURRENT MORTGAGE AND PROVIDE ACCESS TO CAPITAL ON BETTER TERMS | Description1Txt |
| Expenses1 | $1,350,000 | Expenses1Amt |
| Total | $1,350,000 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $279,510,312 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $109,669,006 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $111,407,680 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $500,586,998 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $500,586,998 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $7,508,805 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $493,078,193 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $24,653,910 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $24,653,910 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $130,010 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $130,010 | TotalTaxAmt |
| Distributable Before Adj | $24,523,900 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $15,816,116 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $40,340,016 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $40,340,016 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,096,221 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $1,350,000 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $46,444,366 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $48,890,587 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $40,340,016 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $25,423,320 | UndistributedIncomePYAmt |
| Qualifying Distributions | $48,890,587 | QualifyingDistributionsAmt |
| Applied To Year1 | $25,423,320 | AppliedToYear1Amt |
| Applied To Current Year | $23,467,267 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Undistributed Income CY | $16,872,749 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $0 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Aaron Sosnick | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
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 | $5,742,551 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,353,397 | 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 Income | OtherInvestmentIncomeGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 525990 | BusinessCd |
| Unrelated Business Taxbl Incm | $573,219 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$1,614,892 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp (4 entries)
| DescDesc | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt | ExclusionExclusionCd | ExclusionExclusionAmt | Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt |
|---|---|---|---|---|---|
| K-1 Inc/Loss | 525990 | -$186,420 | 14 | $2,147,716 | |
| INTEREST INCOME FROM NOTES | 14 | $318,647 | |||
| PFIC INCOME | 14 | $1,212,546 | |||
| PRIOR YEAR RETURNED GRANT | $15,816,116 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $386,799 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $9,159,965 | ExclusionAmt |
| Related Or Exempt Function Incm | $15,816,116 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $25,362,880 | 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 | 11 | LineNumberTxt |
| Relationship Statement | RETURNED GRANTS | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | General Consultations | CategoryTxt |
| Amt | $8,660 | Amt |
| Net Investment Income | $8,660 | NetInvestmentIncomeAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (2 entries)
| PropertyPropertyDesc | Cost Or Other BasisCostOrOtherBasisAmt | Computation MethodComputationMethodTxt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| 605 E 9TH BUILDING | $1,171,468 | SL | $0 |
| 605 E 9TH STREET B | $45,323,101 | SL | $0 |
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | GrantGrantDt | GrantGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Expended By GranteeExpendedByGranteeAmt | Any Diversion By GranteeAnyDiversionByGranteeTxt | Dates Of Reports By GranteeDatesOfReportsByGranteeTxt | Results Of VerificationResultsOfVerificationTxt |
|---|---|---|---|---|---|---|---|---|---|---|
| RXY HOLDINGS LLC | ||||||||||
| 1133 AVENUE OF THE AMERICAS | NEW YORK | NY | 10036 | 2018-12-28 | $6,400,000 | TO PURCHASE REAL ESTATE AND ENSURE ITS USE FOR CHARITABLE AND EDUCATIONAL PURPOSES | $6,400,000 | NO | 12/28/20, 11/08/21, 06/15/23, 06/10/24 (FINAL) | NONE NECESSARY |
| RXY HOLDINGS LLC | ||||||||||
| 1133 AVENUE OF THE AMERICAS | NEW YORK | NY | 10036 | 2019-07-12 | $109,100 | TO PURCHASE REAL ESTATE AND ENSURE ITS USE FOR CHARITABLE AND EDUCATIONAL PURPOSES | $109,100 | NO | 12/28/20, 11/08/21, 06/15/23, 06/10/24 (FINAL) | NONE NECESSARY |
| RXY HOLDINGS LLC | ||||||||||
| 1133 AVENUE OF THE AMERICAS | NEW YORK | NY | 10036 | 2019-07-15 | $26,167,000 | TO PURCHASE REAL ESTATE 15,816,116 RETURNED GRANT IN 2024 | $26,167,000 | NO | 12/28/20, 11/08/21, 06/15/23, 06/10/24 (FINAL) | NONE NECESSARY |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp (2 entries)
| IdentifierIdentifierTxt | Form And Line ReferenceFormAndLineReferenceDesc | Medium ExplanationMediumExplanationTxt |
|---|---|---|
| Form 926, Part III | Form 926, Part III | STATEMENT FILED PURSUANT TO TREAS. REG. SECTION 1.6038B-1(C) AND TEMP. REG. SECTION 1.6038B-1T(C) REG. 1.6038B-1(C)(6) NOT APPLICABLE TEMP. REG. 1.6038B-1T(C): 1) TRANSFEROR: SEE FORM 926, PART I 2(A) TRANSFEREE: SEE FORM 926, PART II 2(B) DESCRIPTION OF TRANSACTION: CAPITAL CONTRIBUTION 3) CONSIDERATION RECEIVED: OWNERSHIP INTEREST IN TRANSFEREE REPORTED ON FORM 926, PART II 4) PROPERTY TRANSFERRED: SEE FORM 926, PART III 5) N/A TEMP. REG. 1.6038B-1T(D) NOT APPLICABLE |
| Foreign | Form 926/8865/5471 | Forms 926 / 8865 / 5471 The Foundation has prepared these forms to the best of its ability based on the limited information provided to it by the investments on which the Foundation is reporting and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information. |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (4 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| FIDELITY 500 INDEX FUND | $33,920,651 | $102,922,868 |
| MAGNITUDE INT"L - CLASS A INIT | $28,755,024 | $78,059,570 |
| MAGNITUDE INTERNATIONAL CL A - | $45,806,932 | $116,025,319 |
| MAGNITUDE INTERNATIONAL CL A S | $535,016 | $1,452,186 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (39 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| AG CS HOLDINGS FUND II, L.P | $3,897,283 | $4,279,351 |
| AG CS HOLDINGS FUND, L.P | $1,847,412 | $2,157,388 |
| AG CSF2A (ANNEX) DISLOCATION H | $372,780 | $389,837 |
| AHP FUND II PV L.P | $3,753,320 | $4,506,665 |
| ARKVIEW CAPITAL CO INVEST III | $947,371 | $3,458,679 |
| BTG PACTUAL STRATEGIC CAPITAL | $2,741,222 | $3,206,036 |
| CATANIA ABC CO-INVEST I LP | $1,547,383 | $150,000 |
| CHICAGO ATLANTIC CO3 (OFFSHORE | $4,996,607 | $5,080,551 |
| CONTINGENCY CAPITAL FUND I LP | $2,016,451 | $2,172,571 |
| CONTINGENCY CAPITAL FUND II LP | $223,454 | $223,155 |
| FS TACTICAL OPPORTUNITIES FUND | $4,877,311 | $5,457,864 |
| GEMS FUND 5 INTERNATIONAL, L.P | $3,131,516 | $4,008,928 |
| GIANTLEAP CAPITAL I LP | $753,848 | $822,948 |
| GMF GROUP FUND II, LLC | $229,896 | $1,918,084 |
| GREYWOLF CONTAINERSHIP OPPS OF | $3,967,814 | $5,113,060 |
| HALLE CAPITAL PARTNERS II LP | $1,369,684 | $1,673,834 |
| IRRADIANT (FKA KAYNE) CLO PART | $241,837 | $268,228 |
| IRRADIANT (FKA KAYNE) RENEWABL | $3,626,112 | $3,954,488 |
| KASH INVESTORS, LLC | $1,819,287 | $2,243,589 |
| KAYNE ANDERSON CORE REAL ESTAT | $6,996,497 | $10,720,575 |
| KAYNE ANDERSON REAL ESTATE PAR | $6,349,298 | $7,764,845 |
| KAYNE ANDERSON REAL ESTATE PTN | $5,524,557 | $6,544,106 |
| KAYNE ANDERSON REAL ESTATE PTN | $6,838,379 | $6,631,375 |
| KAYNE COMMERCIAL REAL ESTATE D | $3,448,240 | $3,436,310 |
| KAYNE CREDIT OPPORTUNITIES FD | $907,129 | $1,046,005 |
| KAYNE SENIOR CREDIT II OFFSHOR | $3,127,063 | $1,298,623 |
| LIGHTSPRING CAPITAL GP, LLC | $45,375 | $55,383 |
| LIGHTSPRING CAPITAL I, L.P | $1,755,253 | $1,779,766 |
| MGG STRUCTURED SOLUTIONS FUND | $881,861 | $874,679 |
| MGG STRUCTURED SOLUTIONS FUND | $4,437,100 | $6,428,950 |
| OLYMPUS PEAK TRADE CLAIMS OPPS | $737,247 | $866,593 |
| PARALLAXES CAPITAL OPPORTUNITY | $125,063 | $156,441 |
| PROJECT LONGHORN CO-INVESTORS | $891,532 | $1,015,532 |
| RF INVESTMENT PARTNERS SBIC, L | $2,519,773 | $2,312,179 |
| THAYER STREET PTNS OPPORTUNITY | $211,220 | $486,170 |
| TS SILVER II, LLC | $483,034 | $898,009 |
| VOLTA ENERGY STORAGE FUND I, L | $1,852,207 | $1,267,124 |
| VOLTA ENERGY STORAGE FUND II, | $672,507 | $572,926 |
| WATERFALL SENTINEL FUND I (CAY | $1,414,638 | $1,086,777 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| 605 E 9TH BUILDING | $1,171,468 | $1,171,468 | $1,367,191 |
| 605 E 9TH STREET B | $45,323,101 | $45,323,101 | $45,272,899 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp (2 entries)
| CategoryCategoryTxt | Legal FeesLegalFeesAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| Document Review/Drafting | $13,824 | $13,824 |
| General Consultations | $84,661 | $84,661 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| PRI - CONEY ISLAND USA | $499,500 | $499,500 |
| PRI - SIXTH STREET COMMUNITY | $1,350,000 | $1,350,000 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (34 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Administrative Fees | $151,500 | $151,500 | |
| K-1 Exp AG CS HOLDINGS FUND, L | $2,911 | $2,911 | |
| K-1 Exp AHP FUND II PV L.P | $129,444 | $124,671 | |
| K-1 Exp ARKVIEW CAPITAL CO INV | $31,434 | $31,434 | |
| K-1 Exp BTG PACTUAL STRATEGIC | $63,935 | $63,576 | |
| K-1 Exp CATANIA ABC CO-INVEST | $17,601 | $17,601 | |
| K-1 Exp CHICAGO ATLANTIC CO3 ( | $23,641 | $23,641 | |
| K-1 Exp CONTINGENCY CAPITAL FU | $21,657 | $21,639 | |
| K-1 Exp CONTINGENCY CAPITAL FU | $2,438 | $2,438 | |
| K-1 Exp FS TACTICAL OPPORTUNIT | $55,905 | $34,325 | |
| K-1 Exp GIANTLEAP CAPITAL I LP | $37,525 | $37,525 | |
| K-1 Exp HALLE CAPITAL PARTNERS | $31,795 | $31,795 | |
| K-1 Exp IRRADIANT (FKA KAYNE) | $2,833 | $2,833 | |
| K-1 Exp IRRADIANT (FKA KAYNE) | $15,061 | $14,780 | |
| K-1 Exp KASH INVESTORS, LLC | $30 | $1 | |
| K-1 Exp KAYNE ANDERSON CORE RE | $506 | $506 | |
| K-1 Exp KAYNE ANDERSON REAL ES | $454 | $454 | |
| K-1 Exp KAYNE ANDERSON REAL ES | $7,385 | $7,385 | |
| K-1 Exp KAYNE ANDERSON REAL ES | $4,533 | $4,533 | |
| K-1 Exp KAYNE COMMERCIAL REAL | $3,845 | $3,845 | |
| K-1 Exp KAYNE CREDIT OPPORTUNI | $21,958 | $21,837 | |
| K-1 Exp LIGHTSPRING CAPITAL GP | $475 | $184 | |
| K-1 Exp LIGHTSPRING CAPITAL I, | $2,735 | $26 | |
| K-1 Exp MGG STRUCTURED SOLUTIO | $51,070 | $192 | |
| K-1 Exp OLYMPUS PEAK TRADE CLA | $10,147 | $10,147 | |
| K-1 Exp PROJECT LONGHORN CO-IN | $3,423 | $3,423 | |
| K-1 Exp RF INVESTMENT PARTNERS | $171,552 | $171,552 | |
| K-1 Exp THAYER STREET PTNS OPP | $68,520 | $68,228 | |
| K-1 Exp TS SILVER II, LLC | $11,880 | $11,823 | |
| K-1 Exp VOLTA ENERGY STORAGE F | $37,575 | $37,575 | |
| K-1 Exp VOLTA ENERGY STORAGE F | $37,255 | $37,255 | |
| K-1 Exp WATERFALL SENTINEL FUN | $43,840 | $43,840 | |
| Property insurance | $57,395 | $57,395 | |
| State or Local Filing Fees | $1,500 | $1,500 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (37 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| K-1 Inc/Loss AG CS HOLDINGS FUND II, L.P | $343,700 | $343,700 |
| K-1 Inc/Loss AG CS HOLDINGS FUND, L.P | $10,170 | $10,170 |
| K-1 Inc/Loss AG CSF2A (ANNEX) DISLOCATION HOLDING | $127,522 | $127,522 |
| K-1 Inc/Loss AHP FUND II PV L.P | $129,695 | $125,006 |
| K-1 Inc/Loss ARKVIEW CAPITAL CO INVEST III LP | $152,124 | $152,124 |
| K-1 Inc/Loss BTG PACTUAL STRATEGIC CAPITAL FUND B | $25,126 | $31,780 |
| K-1 Inc/Loss CHICAGO ATLANTIC CO3 (OFFSHORE) LP | $191,396 | $191,396 |
| K-1 Inc/Loss CONTINGENCY CAPITAL FUND I LP | $153,917 | $152,758 |
| K-1 Inc/Loss CONTINGENCY CAPITAL FUND II LP | -$48 | -$48 |
| K-1 Inc/Loss FS TACTICAL OPPORTUNITIES FUND, L.P | $523,649 | $486,662 |
| K-1 Inc/Loss GIANTLEAP CAPITAL I LP | $3,589 | $3,589 |
| K-1 Inc/Loss GMF GROUP FUND II, LLC | -$330,944 | -$330,944 |
| K-1 Inc/Loss HALLE CAPITAL PARTNERS II LP | $5,559 | $5,559 |
| K-1 Inc/Loss IRRADIANT (FKA KAYNE) CLO PARTNERS F | $57,431 | $57,431 |
| K-1 Inc/Loss IRRADIANT (FKA KAYNE) RENEWABLE OPPS | $92,128 | $89,644 |
| K-1 Inc/Loss KASH INVESTORS, LLC | -$160,132 | -$61,042 |
| K-1 Inc/Loss KAYNE ANDERSON CORE REAL ESTATE, L.P | $326 | $326 |
| K-1 Inc/Loss KAYNE ANDERSON REAL ESTATE PARTNERS | -$75,598 | -$38,759 |
| K-1 Inc/Loss KAYNE ANDERSON REAL ESTATE PTNS IV, | $4,246 | $4,246 |
| K-1 Inc/Loss KAYNE ANDERSON REAL ESTATE PTNS V, L | -$9,287 | $237 |
| K-1 Inc/Loss KAYNE COMMERCIAL REAL ESTATE DEBT, L | $281,947 | $281,947 |
| K-1 Inc/Loss KAYNE CREDIT OPPORTUNITIES FD (QP), | $60,335 | $53,080 |
| K-1 Inc/Loss LIGHTSPRING CAPITAL GP, LLC | $13,486 | $13,486 |
| K-1 Inc/Loss LIGHTSPRING CAPITAL I, L.P | $79,538 | $74,855 |
| K-1 Inc/Loss MGG STRUCTURED SOLUTIONS FUND II (CA | $27,253 | $27,253 |
| K-1 Inc/Loss MGG STRUCTURED SOLUTIONS FUND LP | $225,208 | $316,778 |
| K-1 Inc/Loss OLYMPUS PEAK TRADE CLAIMS OPPS FD I | $27,731 | $27,731 |
| K-1 Inc/Loss PROJECT LONGHORN CO-INVESTORS II, L. | $3,112 | $3,112 |
| K-1 Inc/Loss RF INVESTMENT PARTNERS SBIC, LP | $34,927 | $34,927 |
| K-1 Inc/Loss THAYER STREET PTNS OPPORTUNITY FUND | -$49,577 | -$49,577 |
| K-1 Inc/Loss TS SILVER II, LLC | -$9,057 | -$9,057 |
| K-1 Inc/Loss VOLTA ENERGY STORAGE FUND I, L.P | $16,122 | $16,122 |
| K-1 Inc/Loss VOLTA ENERGY STORAGE FUND II, L.P | $1,758 | $1,758 |
| K-1 Inc/Loss WATERFALL SENTINEL FUND I (CAYMAN I) | $3,944 | $3,944 |
| Interest Income from Notes | $318,647 | $318,647 |
| PFIC Income | $1,212,546 | $1,212,546 |
| Prior year returned grant | $15,816,116 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Investment Management Services | $73,398 | $73,398 | |
| Philanthropic Consulting Srvcs | $115,040 | $115,040 | |
| Professional Services | $312,210 | $145,500 | $166,710 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (5 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| 990-PF Estimated Tax for 2024 | $135,500 | |
| 990-PF Extension for 2023 | $40,000 | |
| IRS Miscellaneous Fee Expense | $96 | |
| Property Taxes | $476,384 | $476,384 |
| STATE INCOME TAX | $2,853 |