BERN SCHWARTZ FAMILY FOUNDATION: Form 990PF, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- BERN SCHWARTZ FAMILY FOUNDATION (EIN 47-1141878)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-11-15
- IRS object ID
- 201723199349104482
- Schema version
- 2016v3.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Depreciation Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Legal Fees Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-11-15T17:00:23-06:00 | ReturnTs |
| Tax Period End | 2016-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One Hollow Ln Ste 212 | AddressLine1Txt |
| City | Lake Success | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11042 | 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 | 471141878 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Bern Schwartz Family Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Foundation Source | InCareOfNm |
| Business Name Control | BERN | 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 | MICHAEL SCHWARTZ | PersonNm |
| Person Title | president | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2017-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jeffrey D Haskell | PreparerPersonNm |
| PTIN | P01345770 | PTIN |
| Phone | 8008391754 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 24.187.244.114 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Federal Original Submission Id | 06391520173195000056 | FederalOriginalSubmissionId |
| Federal Original Submission Id | 2017-11-15 | FederalOriginalSubmissionIdDt |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | BC971FC33BAF52379132A0473611089A0DAEC697 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 0B775BB9C0E0C9DA339247063A24C50179569C8E | AtSubmissionFilingDeviceId |
| 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 | $21,877,877 | 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 | $179,465 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $1,917 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $1,917 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $365,558 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $365,558 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $837,249 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $3,856,820 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $837,249 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $1,989 | OtherIncomeRevAndExpnssAmt |
| Total Rev And Expnss | $1,386,178 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,204,724 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $3,959 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $3,959 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $27,898 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $27,898 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $184,305 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $157,042 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $27,263 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $35,439 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $7,922 | TaxesNetInvstIncmAmt |
| Trav Conf Meeting Rev And Expnss | $626 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $626 | TravConfMeetingDsbrsChrtblAmt |
| Printing And Pub Rev And Expnss | $211 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Dsbrs Chrtbl | $211 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $70,040 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $412 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $69,628 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $322,478 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $165,376 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $129,585 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,240,541 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,240,541 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,563,019 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $165,376 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,370,126 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$176,841 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,039,348 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $372,777 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $670,927 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $670,927 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $2,572 | AcctRcvblAmt |
| Acct Rcvbl BOY | $1,597 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $2,572 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $2,572 | AcctRcvblEOYFMVAmt |
| US Government Obligations BOY | $3,191,534 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $3,120,667 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $3,122,980 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $6,290,121 | CorporateStockBOYAmt |
| Corporate Stock EOY | $6,025,708 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $13,490,744 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $3,158,408 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $3,017,639 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $3,015,283 | CorporateBondsEOYFMVAmt |
| Other Assets BOY | $1,041,427 | OtherAssetsBOYAmt |
| Other Assets EOY | $1,041,427 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $1,575,371 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $14,055,864 | TotalAssetsBOYAmt |
| Total Assets EOY | $13,878,940 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $21,877,877 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Retained Earning BOY | $14,055,864 | RetainedEarningBOYAmt |
| Retained Earning EOY | $13,878,940 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $14,055,864 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $13,878,940 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $14,055,864 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $13,878,940 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $14,055,864 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$176,841 | ExcessRevenueOverExpensesAmt |
| Subtotal | $13,879,023 | SubtotalAmt |
| Other Decreases | $83 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $13,878,940 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | Publicly-traded Securities | PropertyDesc |
| Gross Sales Price | $3,856,820 | GrossSalesPriceAmt |
| Cost Or Other Basis | $3,019,571 | CostOrOtherBasisAmt |
| Gain Or Loss | $837,249 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $837,249 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $837,249 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $1,298,822 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $21,496,584 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.06042 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $395,154 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $21,461,832 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.018412 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $1,355,316 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $19,932,887 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.067994 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $857,662 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $18,759,032 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.04572 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $1,223,760 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $18,465,519 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.066273 | DistributionYr5Rt |
| Total Distribution | 0.258819 | TotalDistributionRt |
| Average Distribution | 0.051764 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $20,496,575 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $1,060,985 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $10,393 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $1,071,378 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $1,370,126 | 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 | $10,393 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $10,393 | SubtotalAmt |
| Tax Based On Investment Income | $10,393 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $18,100 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $18,100 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Overpayment | $7,707 | OverpaymentAmt |
| Applied To ES Tax | $7,707 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Org Report Or Register State | DE | 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 | Yes (true) | 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 | Yes (true) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (true) | 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 |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| Fred W Concklin | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | VP / Dir | 1.0 | $0 | $0 | $0 |
| Tilda R Orr | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir / Sec | 1.0 | $0 | $0 | $0 |
| Eric A Schwartz | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | VP / Dir / Treas | 1.0 | $0 | $0 | $0 |
| Michael L Schwartz | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Pres / Dir | 5.0 | $0 | $0 | $0 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Garner Russo & Garner LLC | |||||
| 223 East Chestnut Street | Lancaster | PA | 176022705 | Investment Mgmt | $141,008 |
| Foundation Source | |||||
| 55 Walls Drive 3rd FL | Fairfield | CT | 06824 | Administrative Svcs | $54,453 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp | |
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $20,067,762 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $740,944 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $20,808,706 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $20,808,706 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $312,131 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $20,496,575 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,024,829 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,024,829 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $10,393 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $10,393 | TotalTaxAmt |
| Distributable Before Adj | $1,014,436 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $1,014,436 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,014,436 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,370,126 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $1,370,126 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $10,393 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,359,733 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,014,436 | DistributableAsAdjustedAmt |
| Prior Year1 | 2014 | PriorYear1Yr |
| Prior Year2 | 2013 | PriorYear2Yr |
| Prior Year3 | 2012 | PriorYear3Yr |
| Excess Distribution Cyov Yr1 | $118,669 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $118,669 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,370,126 | QualifyingDistributionsAmt |
| Applied To Current Year | $1,014,436 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $355,690 | RemainingDistriFromCorpusAmt |
| Total Corpus | $474,359 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $474,359 | ExcessDistriCyovToNextYrAmt |
| Excess From Year1 | $118,669 | ExcessFromYear1Amt |
| Excess From Current Year | $355,690 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Michael L Schwartz | ContributingManagerNm |
| Contributing Manager | TILDA R ORR | ContributingManagerNm |
| Contributing Manager | ERIC SCHWARTZ | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (24 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| ALLIANCE FOR SCHOOL CHOICE INC | |||||||
| 1660 L ST NW STE 1000 | WASHINGTON | DC | 20036 | N/A | PC | General & Unrestricted | $100,000 |
| AMERICAN FRIENDS OF THE NATIONAL PORTRAIT GALLERY | |||||||
| 40 ETTL LN UNIT 20 | GREENWICH | CT | 06831 | N/A | PC | General & Unrestricted | $15,000 |
| AMERICAN FRIENDS OF THE VICTORIA AND ALBERT MUSEUM | |||||||
| 1301 AVE OF THE AMERICAS 23RD FL | NEW YORK | NY | 10019 | N/A | PC | General & Unrestricted | $17,000 |
| AMERICAN GASTROENTEROLOGICAL ASSOCIATION INSTITUTE | |||||||
| 4930 DEL RAY AVE | BETHESDA | MD | 20814 | N/A | PC | AGA-Bernard Lee Schwartz Designated Research Scholar Award in Pancreatic Cancer | $225,000 |
| ARMAND HAMMER UNITED WORLD COLLEGE OF THE AMERICAN | |||||||
| PO BOX 248 | MONTEZUMA | NM | 87731 | N/A | PC | support of the Mountbatten Scholarship Prize | $10,000 |
| BASIC FUND | |||||||
| 1301 CLAY ST 70450 | OAKLAND | CA | 94612 | N/A | PC | 2013 Scholarship Program | $50,000 |
| BASIC FUND | |||||||
| 1301 CLAY ST 70450 | OAKLAND | CA | 94612 | N/A | PC | 2014 Scholarship Program | $50,000 |
| BASIC FUND | |||||||
| 1301 CLAY ST 70450 | OAKLAND | CA | 94612 | N/A | PC | Scholarship Initiative - Founder's Circle | $20,000 |
| BASIC FUND | |||||||
| 1301 CLAY ST 70450 | OAKLAND | CA | 94612 | N/A | PC | 2016 Scholarship Program | $50,000 |
| HOOVER INSTITUTION -STANFORD UNIVERSITY | |||||||
| 434 GALVEZ MALL | STANFORD | CA | 94305 | N/A | PC | support of K-12 education reform studies | $25,000 |
| INTERNATIONAL CENTER OF PHOTOGRAPHY | |||||||
| 1114 AVE OF THE AMERICAS | NEW YORK | NY | 10036 | N/A | PC | for lecture/talks and for general purposes | $20,000 |
| INTERNATIONAL CENTER OF PHOTOGRAPHY | |||||||
| 1114 AVE OF THE AMERICAS | NEW YORK | NY | 10036 | N/A | PC | ICP Bowery Capital Campaign | $25,000 |
| JERUSALEM FOUNDATION INC | |||||||
| 420 LEXINGTON AVE STE 1645 | NEW YORK | NY | 10170 | N/A | PC | general operating support | $25,000 |
| MARC LUSTGARTEN PANCREATIC CANCER FOUNDATION | |||||||
| 1111 STEWART AVE | BETHPAGE | NY | 11714 | N/A | PC | to support work of Mandar D. Muzumdar, MD in connection with the Obesity-driven pancreatic ductal carcinoma project - a comprehensive study to define new targets for prevention and therapy | $61,041 |
| MARIN COMMUNITY FOUNDATION | |||||||
| 5 HAMILTON LANDING STE 200 | NOVATO | CA | 94949 | N/A | PC | The Schwartz Cousins Fund | $100,000 |
| MARIN GENERAL HOSPITAL FOUNDATION | |||||||
| 100B DRAKES LANDING RD STE 255 | GREENBRAE | CA | 94904 | N/A | PC | Building Better Health: The Campaign for Marin General Hospital | $250,000 |
| MUSEUM OF PHOTOGRAPHIC ARTS | |||||||
| 1649 EL PRADO | SAN DIEGO | CA | 92101 | N/A | PC | General & Unrestricted | $10,000 |
| NATIONAL DANCE INSTITUTE INC | |||||||
| 217 W 147TH ST | NEW YORK | NY | 10039 | N/A | PC | General & Unrestricted | $12,500 |
| PACIFIC RESEARCH INSTITUTE FOR PUBLIC POLICY | |||||||
| 101 MONTGOMERY ST STE 1300 | SAN FRANCISCO | CA | 94104 | N/A | PC | the PRI Center for Education | $37,500 |
| PANCREATIC CANCER ACTION NETWORK INC | |||||||
| 1500 ROSECRANS AVE STE 200 | MANHATTAN BCH | CA | 90266 | N/A | PC | General & Unrestricted | $50,000 |
| POMFRET SCHOOL INCORPORATED | |||||||
| 398 POMFRET ST | POMFRET | CT | 06258 | N/A | PC | the Schwartz Visiting Fellow program | $12,500 |
| SCHWAB CHARITABLE FUND | |||||||
| 211 MAIN ST | SAN FRANCISCO | CA | 94105 | N/A | PC | Fred and Deborah Concklin Charitable Fund | $15,000 |
| SCRIPPS HEALTH | |||||||
| PO BOX 2669 | LA JOLLA | CA | 92038 | N/A | PC | Bernard Lee Schwartz Lecture at the 2017 Clinical Hematology & Oncology Conference | $10,000 |
| XIMED DIGESTIVE DISEASE RESEARCH CENTER | |||||||
| 7337 ENCELIA DR | LA JOLLA | CA | 92037 | N/A | PC | General & Unrestricted | $50,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,240,541 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,917 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $365,558 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Incm Part VII | OtherInvestmentIncmPartVIIGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $837,249 | 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 (2 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|
| LICENSING RIGHTS | 01 | $100 |
| Federal Tax Refund | 01 | $1,889 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $1,206,713 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,206,713 | 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 | Trust FBO BLS FD dtd 103012 UTA R | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1111 Bayhill Drive 450 | AddressLine1Txt |
| City | San Bruno | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94066 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $179,465 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| Audit Support | $14,500 | $14,500 |
| General Consultations | $1,847 | $1,847 |
| Tax Return Preparation/Review | $11,551 | $11,551 |
Depreciation Schedule DepreciationSchedule
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (17 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ANHEUSER BUSCH - 6.875% - 11/1 | $129,397 | $129,921 |
| AT&T INC BOND - 2.450% - 06/30 | $168,468 | $168,515 |
| BANK OF AMERICA - 2.600% - 01/ | $226,287 | $226,924 |
| BP CAPITAL - 2.237% - 05/10/20 | $250,723 | $251,515 |
| GE CAPITAL CORP - 1.321% - 04/ | $170,000 | $172,121 |
| GOLDMAN SACHS - 1.462% - 11/15 | $275,331 | $277,614 |
| JPMORGAN CHASE & CO SR NT - 4. | $199,180 | $211,648 |
| LINCOLN NATIONAL CORP - 8.750% | $34,453 | $33,331 |
| METLIFE INC - 4.750% - 02/08/2 | $108,454 | $108,746 |
| MORGAN STANLEY - 5.625% - 09/2 | $157,960 | $156,896 |
| NORSK HYDRO - 6.700% - 01/15/2 | $258,610 | $236,928 |
| SHELL INTERNATIONAL - 2.205% - | $123,500 | $124,826 |
| TARGET CORP - 3.875% - 07/15/2 | $100,102 | $105,923 |
| VERIZON COMMUNICATIONS INC - 4 | $159,450 | $160,517 |
| VODAFONE GROUP PLC NOTE - 1.62 | $248,618 | $250,049 |
| WELLS FARGO CO - 3.500% - 03/0 | $192,597 | $185,193 |
| WESTPAC BANKING NT - 4.875% - | $214,509 | $214,616 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (23 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| AMERICAN EXPRESS CO | $100,530 | $161,124 |
| ANHEUSER BUSCH INBEV SA NV SHS | $641,659 | $873,240 |
| BERKSHIRE HATHAWAY INC DEL CL | $366,000 | $1,464,725 |
| BERKSHIRE HATHAWAY INC. CLASS | $193,516 | $416,414 |
| BROWN FORMAN INC CLASS A | $49,006 | $404,688 |
| CIE FINANCIERE RICH | $563,467 | $982,870 |
| COMCAST CORP | $37,148 | $328,333 |
| DIAGEO PLC | $137,124 | $351,252 |
| FOMENTO ECONOMICO MEXICANO | $70,590 | $114,315 |
| HEINEKEN HOLDING | $232,768 | $928,040 |
| JC DECAUX SA. | $226,295 | $294,550 |
| MACK CALI RLTY CORP | $98,113 | $116,080 |
| MARTIN MARIETTA MATLS INC | $69,871 | $439,737 |
| MASTERCARD INC | $252,697 | $1,196,151 |
| NESTLE S.A | $483,241 | $1,300,646 |
| PERNOD RICARD ORD | $585,599 | $821,883 |
| ROYAL DUTCH SHELL CL A | $197,943 | $182,173 |
| SCRIPPS NETWORKS INT | $21,190 | $89,213 |
| SWATCH GRP AKT NEW | $418,835 | $478,790 |
| UNILEVER N V N Y | $539,184 | $703,974 |
| VISA INC | $163,518 | $717,784 |
| WELLS FARGO & CO | $463,214 | $932,186 |
| WEYERHAEUSER CO | $114,200 | $192,576 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $3,120,667 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $3,122,980 | USGovtObligationsEOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | General Consultations | CategoryTxt |
| Legal Fees | $3,959 | LegalFeesAmt |
| Disbursements Charitable Prps | $3,959 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PHOTO COLLECTION - B. SCHWARTZ | Desc |
| EOY Book Value | $1,041,427 | EOYBookValueAmt |
| EOYFMV | $1,575,371 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PRIOR PERIOD ADJUSTMENT | Desc |
| Amt | $83 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (9 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Administrative Fees | $54,453 | $54,453 | |
| Bank Charges | $412 | $412 | |
| Foundation Dues & Memberships | $4,050 | $4,050 | |
| Indemnification Insurance | $1,525 | $1,525 | |
| Insurance Premiums | $7,146 | $7,146 | |
| Office Supplies | $132 | $132 | |
| State or Local Filing Fees | $50 | $50 | |
| Storage Fee | $1,500 | $1,500 | |
| Website Hosting/Support | $772 | $772 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt |
|---|---|
| Federal Tax Refund | $1,889 |
| Licensing Rights | $100 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Investment Management Services | $157,042 | $157,042 | |
| PHOTO COLLECTION CONSULTANT | $22,000 | $22,000 | |
| Website Development | $634 | $634 | |
| PHOTO PRINTING SERVICES | $4,629 | $4,629 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| 990-PF Estimated Tax for 2016 | $9,500 | |
| 990-PF Extension for 2015 | $18,017 | |
| Foreign Tax Paid | $7,922 | $7,922 |