WEILL FAMILY FOUNDATION: Form 990PF, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- WEILL FAMILY FOUNDATION (EIN 13-6223609)
- Tax period
- 2015-01-01 to 2015-12-31
- Filed
- 2017-02-03
- IRS object ID
- 201730349349100503
- Schema version
- 2015v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Contractor Compensation Expln
- Depreciation Schedule
- Distribution From Corpus Election
- Investments Corp Stock Schedule
- 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 | 2017-02-03T13:16:47-06:00 | ReturnTs |
| Tax Period End | 2015-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Independent Family Office LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 3977 | AddressLine1Txt |
| City | Albany | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 12203 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2015-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 136223609 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE WEILL FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % INDEPENDENT FAMILY OFFICE L | InCareOfNm |
| Business Name Control | WEIL | BusinessNameControlTxt |
| Phone | 2127938888 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 38057 | AddressLine1Txt |
| City | Albany | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 12203 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SANFORD I WEILL | PersonNm |
| Person Title | CHAIRMAN | PersonTitleTxt |
| Phone | 2127938888 | PhoneNum |
| Signature | 2017-01-31 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Viju P Rajan | PreparerPersonNm |
| PTIN | P01063393 | PTIN |
| Phone | 5184528050 | PhoneNum |
| Preparation | 2017-01-27 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amended Return | Yes (X) | AmendedReturnInd |
| Address Change | Yes (X) | AddressChangeInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $124,763,107 | 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 | $21,119,080 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $26,021 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $26,021 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $595,296 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $595,296 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$10,037,698 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $39,445,727 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $428,006 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $891,008 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $682,227 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $12,593,707 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,731,550 | TotalNetInvstIncmAmt |
| Legal Fees Rev And Expnss | $9,335 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $61,523 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $46,598 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $46,598 | OtherProfFeesNetInvstIncmAmt |
| Interest Rev And Expnss | $1,583 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $1,583 | InterestNetInvstIncmAmt |
| Taxes Rev And Expnss | $118,819 | TaxesRevAndExpnssAmt |
| Printing And Pub Rev And Expnss | $145 | PrintingAndPubRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $328,876 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $328,622 | OtherExpensesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $566,879 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $376,803 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $3,305,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $3,305,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $3,871,879 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $376,803 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $3,305,000 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $8,721,828 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,354,747 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $22,980,045 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $55,149,801 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $55,149,801 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $15,243,767 | CorporateStockBOYAmt |
| Corporate Stock EOY | $9,141,500 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $8,283,100 | CorporateStockEOYFMVAmt |
| Other Assets BOY | $71,126,204 | OtherAssetsBOYAmt |
| Other Assets EOY | $53,780,543 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $61,330,206 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $109,350,016 | TotalAssetsBOYAmt |
| Total Assets EOY | $118,071,844 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $124,763,107 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Retained Earning BOY | $109,350,016 | RetainedEarningBOYAmt |
| Retained Earning EOY | $118,071,844 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $109,350,016 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $118,071,844 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $109,350,016 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $118,071,844 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $109,350,016 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $8,721,828 | ExcessRevenueOverExpensesAmt |
| Subtotal | $118,071,844 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $118,071,844 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (22 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| 50,000 SHARES OF INTC | D | 2010-12-30 | 2015-01-13 | $1,867,714 | $1,047,500 | $820,214 | $820,214 |
| 12,062 SHARES OF VRX | D | 2011-10-19 | 2015-05-13 | $2,659,434 | $448,380 | $2,211,054 | $2,211,054 |
| 16,000 SHARES OF ALLY | P | 2010-08-31 | 2015-05-04 | $355,582 | $8,265,767 | -$7,910,185 | -$7,910,185 |
| 150,000 SHARES OF ALLY | P | 2014-12-18 | 2015-05-04 | $3,311,069 | $3,487,500 | -$176,431 | -$176,431 |
| 1,000 SHARES OF WBA | D | 2013-06-20 | 2015-07-13 | $94,345 | $45,022 | $49,323 | $49,323 |
| 17,157 SHARES OF WBA | D | 2013-06-25 | 2015-07-13 | $1,618,683 | $772,441 | $846,242 | $846,242 |
| 1,300 SHARES OF WBA | D | 2013-07-03 | 2015-07-13 | $122,649 | $58,529 | $64,120 | $64,120 |
| 2,500 SHARES OF GOOGL | D | 2013-06-21 | 2015-07-20 | $1,729,134 | $1,100,516 | $628,618 | $628,618 |
| 2,500 SHARES OF GOOGL | D | 2013-06-24 | 2015-07-20 | $1,729,134 | $1,082,759 | $646,375 | $646,375 |
| 2,500 SHARES OF GOOGL | D | 2013-08-12 | 2015-07-20 | $1,729,134 | $1,109,948 | $619,186 | $619,186 |
| 500 SHARES OF GOOGL | D | 2013-08-13 | 2015-07-20 | $345,826 | $220,335 | $125,491 | $125,491 |
| 25,000 SHARES OF AAPL | D | 2013-05-16 | 2015-12-04 | $2,974,468 | $1,510,147 | $1,464,321 | $1,464,321 |
| 35,000 SHARES OF AAPL | D | 2014-01-28 | 2015-12-04 | $4,164,255 | $2,537,175 | $1,627,080 | $1,627,080 |
| 37,500 SHARES OF MSFT | D | 2010-09-21 | 2015-02-03 | $1,546,155 | $947,625 | $598,530 | $598,530 |
| 50,000 SHARES OF MSFT | D | 2010-09-21 | 2015-02-04 | $2,088,734 | $1,263,500 | $825,234 | $825,234 |
| CASTLEROCK FUND | P | 2006-06-01 | 2015-05-21 | $27,904 | $27,374 | $530 | $530 |
| RAMIUS MULTI STRATEGY FUND | P | 2006-06-29 | 2015-09-01 | $23,143 | $1,744 | $21,399 | $21,399 |
| SCP ENDOWMENT (OFFSHORE) FUND | P | $314,909 | $558,943 | -$244,034 | -$244,034 | ||
| SCP PRIVATE EQUITY FUND I, L.P. | P | 2006-10-06 | 2015-09-30 | $1,138,225 | $1,446,498 | -$308,273 | -$308,273 |
| SCP REAL ASSETS FUND I, L.P. | P | 2007-04-01 | 2015-09-30 | $1,209,614 | $1,861,262 | -$651,648 | -$651,648 |
| SCP SECURITY OFFSHORE FUND | P | 2006-06-29 | $56,733 | $69,162 | -$12,429 | -$12,429 | |
| TEGEAN OFFSHORE FUND, LTD. | P | 2013-02-01 | 2015-12-31 | $8,900,000 | $11,155,594 | -$2,255,594 | -$2,255,594 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $428,006 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $856,600 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $82,096,985 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.010434 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $1,290,500 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $66,454,434 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.019419 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $442,500 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $58,307,510 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.007589 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $28,022,793 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $67,488,898 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.415221 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $0 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $72,005,897 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.0 | DistributionYr5Rt |
| Total Distribution | 0.452663 | TotalDistributionRt |
| Average Distribution | 0.090533 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $121,757,893 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $11,023,107 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $13,547 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $11,036,654 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $3,305,000 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $27,095 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $27,095 | SubtotalAmt |
| Tax Based On Investment Income | $27,095 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $100,000 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $100,000 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Overpayment | $72,905 | OverpaymentAmt |
| Applied To ES Tax | $72,905 | 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 | CA | OrgReportOrRegisterStateCd |
| 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 |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | INDEPENDENT FAMILY OFFICE LLC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5184528050 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 123 GREAT OAKS BLVD | AddressLine1Txt |
| City | Albany | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 12203 | 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 |
| Undistr Incm Sect4942a2 Not App | false | UndistrIncmSect4942a2NotAppInd |
| 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 |
| Proceeds Or Net Income | false | ProceedsOrNetIncomeInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (8 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| SANFORD I WEILL | ||||||
| PO Box 38057 | Albany | NY | 12203 | CHAIRMAN, TREAS, DIR | 5.0 | $0 |
| JOAN H WEILL | ||||||
| PO Box 38057 | Albany | NY | 12203 | PRESIDENT, DIRECTOR | 5.0 | $0 |
| MICHAEL T MASIN | ||||||
| PO Box 38057 | Albany | NY | 12203 | SECRETARY, DIRECTOR | 1.0 | $0 |
| JESSICA BIBLIOWICZ | ||||||
| PO Box 38057 | Albany | NY | 12203 | DIRECTOR | 1.0 | $0 |
| ARTHUR MAHON | ||||||
| PO Box 38057 | Albany | NY | 12203 | ASST SEC, ASST TREAS, DIRECTOR | 1.0 | $0 |
| KEN BIALKIN | ||||||
| PO Box 38057 | Albany | NY | 12203 | DIRECTOR | 1.0 | $0 |
| Tommy Bibliowicz | ||||||
| PO Box 38057 | Albany | NY | 12203 | Director | 1.0 | $0 |
| David Bibliowicz | ||||||
| PO Box 38057 | Albany | NY | 12203 | Director | 1.0 | $0 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Independent Family Office LLC | |||||
| PO Box 3977 | ALBANY | NY | 12203 | Tax & Reporting | $93,196 |
| Stamos Capital Partners LP | |||||
| 2498 Sand Hill Road | MENLO PARK | CA | 94025 | Investment Mgmt | $88,402 |
| RRE Advisors LLC | |||||
| 130 East 59th Street 17th Floor | NEW YORK | NY | 10022 | Investment Mgmt | $108,102 |
| Sterling American Property Inc | |||||
| 1271 Avenue of the Americas 16th F | NEW YORK | NY | 10020 | Investment Mgmt | $56,280 |
| 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 | $9,531,538 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $38,127,190 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $75,953,346 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $123,612,074 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $123,612,074 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,854,181 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $121,757,893 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $6,087,895 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $6,087,895 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $27,095 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $27,095 | TotalTaxAmt |
| Distributable Before Adj | $6,060,800 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $6,060,800 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $6,060,800 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $3,305,000 | 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 | $3,305,000 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $3,305,000 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $6,060,800 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2013 | PriorYear1Yr |
| Prior Year2 | 2012 | PriorYear2Yr |
| Prior Year3 | 2011 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr4 | $24,669,462 | ExcessDistributionCyovYr4Amt |
| Total Excess Distribution Cyov | $24,669,462 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $3,305,000 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Current Year | $3,305,000 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $2,755,800 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $2,755,800 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $21,913,662 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $21,119,080 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov To Next Yr | $794,582 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $794,582 | ExcessFromYear4Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | SANFORD I WEILL | ContributingManagerNm |
| Contributing Manager | JOAN H WEILL | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (14 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|
| American Academy of Arts & Sciences | ||||||||
| 136 Irving Street | Cambridge | MA | 02138 | NONE | PC | GENERAL CHARITABLE PURPOSES | $10,000 | |
| Boston Police Foundation | ||||||||
| 11 Arlington Street | Boston | MA | 02116 | NONE | PC | GENERAL CHARITABLE PURPOSES | $5,000 | |
| Carnegie Hall Society Inc | ||||||||
| 881 Seventh Avenue | New York | NY | 10019 | NONE | PC | GENERAL CHARITABLE PURPOSES | $1,275,000 | |
| Regents - University of CA | ||||||||
| 101 Zellerbach Hall 4800 | Berkeley | CA | 94720 | NONE | PC | GENERAL CHARITABLE PURPOSES | $5,000 | |
| Council on Foreign Relations | ||||||||
| 58 East 68th St | New York | NY | 10065 | NONE | PC | GENERAL CHARITABLE PURPOSES | $50,000 | |
| Hospital for Special Surgery | ||||||||
| 535 East 70th St | New York | NY | 10021 | NONE | PC | GENERAL CHARITABLE PURPOSES | $1,000,000 | |
| Lang Lang International Music Foundation Inc | ||||||||
| 350 Seventh Avenue | New York | NY | 10001 | NONE | PC | GENERAL CHARITABLE PURPOSES | $100,000 | Suite 2202 |
| Regents - University of CA | ||||||||
| 101 Zellerbach Hall 4800 | Berkeley | CA | 94720 | NONE | PC | GENERAL CHARITABLE PURPOSES | $75,000 | |
| Social Advocates for Youth | ||||||||
| 3440 Airway Dr | Santa Rosa | CA | 95403 | NONE | PC | GENERAL CHARITABLE PURPOSES | $25,000 | Suite E |
| Sonoma Valley Community Health | ||||||||
| 19270 Sonoma Hwy | Sonoma | CA | 95476 | NONE | PC | GENERAL CHARITABLE PURPOSES | $100,000 | |
| Temple Emanuel of Great Neck | ||||||||
| 150 Hicks Lane | Great Neck | NY | 11024 | NONE | PC | GENERAL CHARITABLE PURPOSES | $500,000 | |
| The National Yiddish Theatre Folksbiene | ||||||||
| 90 John Street | New York | NY | 10038 | NONE | PC | GENERAL CHARITABLE PURPOSES | $25,000 | Suite 410 |
| Sonoma State University | ||||||||
| 1801 East Cotati Avenue | Rohnert Park | CA | 94928 | NONE | PC | GENERAL CHARITABLE PURPOSES | $125,000 | |
| UCSF Medical Center | ||||||||
| 220 Montgomery Street 5th floor U | San Francisco | CA | 941430248 | NONE | PC | GENERAL CHARITABLE PURPOSES | $10,000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $3,305,000 | 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 | $26,021 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $595,296 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $682,309 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$10,037,698 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TAX REFUND | Desc |
| Exclusion | $208,699 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | -$8,525,373 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | -$8,525,373 | 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 | Sanford I Weill | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 38057 | AddressLine1Txt |
| City | Albany | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 12203 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $21,119,080 | TotalContributionsAmt |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp (5 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | 87,500 Shares of Microsoft Corporation (MSFT) | $4,110,750 | 2015-01-02 |
| 1 | 12,062 Shares of Valeant Pharmaceutical (VRX) | $1,732,948 | 2015-01-02 |
| 1 | 60,000 Shares of Apple Inc. (AAPL) | $7,923,300 | 2015-04-28 |
| 1 | 19,457 Shares of Walgreens Boots (WBA) | $1,828,082 | 2015-07-13 |
| 1 | 8,000 Shares of Google Inc. (GOOGL) | $5,524,000 | 2015-07-17 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt |
|---|---|
| AUDIT FEES | $14,925 |
| TAX PREPARATION | $46,598 |
Contractor Compensation Expln ContractorCompensationExpln
Contractor Comp Expln ContractorCompExplnGrp (4 entries)
| ExplanationExplanationTxt |
|---|
| Independent Family Office LLC |
| PROVIDE TAX AND REPORTING SERVICES |
| Stamos Capital Partners L P |
| PROVIDE INVESTMENT MANAGEMENT |
| RRE Advisors LLC |
| PROVIDE INVESTMENT MANAGEMENT |
| Sterling American Property Inc |
| PROVIDE INVESTMENT MANAGEMENT |
Depreciation Schedule DepreciationSchedule
Distribution From Corpus Election DistributionFromCorpusElection
| Field | Value | IRS element (for citing) |
|---|---|---|
| Election | ELECTION TO TREAT UNUSED PRIOR YEAR CORPUS DISTRIBUTIONS AS CURRENT YEAR CORPUS DISTRIBUTIONS The Weill Family Foundation EIN: 13-6223609 Tax Year: 2015 Pursuant to Reg. 53.4942(a)-3(c)(2)(iv), the above referenced foundation hereby elects to treat in tax year 2015, as a current corpus distribution, $21,119,080 of unused distributions from tax year 2011 that were treated as corpus distributions under Reg. 53.4942(a)-3(d)(1)(iii) in tax year 2011. Therefore, The foundation meets the requirements of IRC 170(b)(1)(A)(vii), 170(b)(1)(F)(ii), and 4942(h)(2) in that distributions out of corpus were made in an amount equal to 100% of all contributions received during the 2015 tax year and in that there was no remaining undistributable income for 2014 and 2015 tax years. Thus, the foundation is a conduit foundation and the foundation qualifies as a 50% charity. ________________________________________ ________________ Sanford I. Weill Date Chairman of The Weill Family Foundation | ElectionDesc |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (4 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| INTEL CORP. | $0 | $0 |
| ALLY FIN. (PREV. OTHER ASSET) | $0 | $0 |
| AMEX PREFERRED STOCK | $2,000,000 | $1,967,500 |
| APPLE INC. | $7,141,500 | $6,315,600 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $9,335 | LegalFeesAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (19 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| CVC EXECUTIVE FUND LLC | $879,472 | $701,332 | $71,111 |
| CARE CAPITAL INVESTMENTS, LP | $33,637 | -$205 | $1,060 |
| CVC CAPITAL PTRS ASIA PAC II | $1,552,404 | $795,107 | $319,435 |
| EUROPE ENT II ONSHORE LP | $1,343,543 | $928,325 | $1,474,023 |
| CASTLEROCK FUND LTD | $27,374 | $0 | $0 |
| RAMIUS FUND LTD | $1,744 | $0 | $0 |
| RRE VENTURES IV | $1,910,861 | $1,549,019 | $4,082,574 |
| STERLING AMERICAN PROP V-C LP | $3,620,877 | $3,098,429 | $2,263,340 |
| SCP PRIVATE EQUITY FUND I, LP | $1,645,537 | $0 | $0 |
| SCP SECURITY (OFFSHORE) SPV | $69,157 | $0 | $0 |
| SCP ENDOWMENT-PHILANTHROPIC | $558,948 | $0 | $0 |
| SCP REAL ASSETS FUND I, LP | $1,997,593 | $0 | $0 |
| RRE VENTURES V | $1,691,963 | $1,980,091 | $3,221,751 |
| GLOBAL ATLANTIC FINANCIAL GR | $1,292,740 | $1,383,716 | $2,184,000 |
| MILLENIUM INT'L LTD | $15,000,000 | $15,000,000 | $18,761,640 |
| MSDC DENALI INVESTORS, LP | $1,500,354 | $1,500,323 | $2,175,589 |
| TEGEAN OFFSHORE FUND, LTD | $23,000,000 | $11,844,406 | $9,449,536 |
| PALOMA INTERNATIONAL, LTD | $10,000,000 | $10,000,000 | $11,256,761 |
| TWO SIGMA SPECTRUM CAYMAN FUND | $5,000,000 | $5,000,000 | $6,069,386 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (14 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| CARE CAPITAL INVESTMENTS, LP | $404 | $404 |
| CVC EXECUTIVE FUND LLC | $14,612 | $14,612 |
| CVC CAPITAL PTRS ASIA PAC II | $9,842 | $9,842 |
| EUROPE ENTERPRISE II ONSHORE | $17,005 | $17,005 |
| RRE VENTURES IV | $5,146 | $5,146 |
| GLOBAL ATLANTIC FINANCIAL | $504 | $504 |
| STERLING AMERICAN PROPERTY V-C | $56,280 | $56,280 |
| SCP PRIVATE EQUITY FUND I, LP | $39,396 | $39,253 |
| SCP REAL ASSETS FUND I, LP | $66,942 | $66,866 |
| RRE VENTURES V | $83,326 | $83,326 |
| POSTAGE | $27 | |
| MSDC DENALI INVESTORS | $15,754 | $15,754 |
| RRE VENTURES IV MGMT. FEE | $19,630 | $19,630 |
| OTHER MISC. EXPENSES | $8 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (11 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| CVC EXECUTIVE FUND | -$58 | -$58 |
| SCP Private Equity Fund I, LP | $18,006 | $18,001 |
| SCP Real Assets Fund I, LP | $128,542 | $128,465 |
| CVC CAPITAL PTRS ASIA PACIFIC II | $47 | $47 |
| EUROPE ENTERPRISE II ONSHORE | $120 | $120 |
| RRE VENTURES IV | $442,225 | $442,225 |
| GLOBAL ATLANTIC FINANCIAL | -$2 | -$2 |
| RRE VENTURES V | $27,442 | $27,442 |
| STERLING AMERICAN PROPERTY V-C | $276 | $276 |
| US TREASURY - TAX REFUND | $208,699 | |
| CARE CAPITAL INVESTMENTS | $65,711 | $65,711 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FINANCIAL REPORTING | CategoryTxt |
| Amt | $46,598 | Amt |
| Net Investment Income | $46,598 | NetInvestmentIncomeAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (5 entries)
| CategoryCategoryTxt | AmtAmt |
|---|---|
| SCP REAL ASSETS FUND- FGN TX | $719 |
| SCP PRIVATE EQUITY FUND-FGN TX | $508 |
| NYS CORPORATION TAX | $1,500 |
| UBTI (FED & NYS) | $16,092 |
| OVERPAYMENT APPLIED FROM 2014 | $100,000 |