STEPHEN A SCHWARZMAN EDUCATION FOUNDATION: Form 990PF, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- STEPHEN A SCHWARZMAN EDUCATION FOUNDATION (EIN 45-4757735)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-11-06
- IRS object ID
- 201743109349100219
- 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
- Compensation Explanation
- Depreciation Schedule
- Expenditure Responsibility Stmt
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-11-06T09:45:45-06:00 | ReturnTs |
| Tax Period End | 2016-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EISNERAMPER LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 750 THIRD AVENUE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100172703 | 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 | 454757735 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STEPHEN A SCHWARZMAN EDUCATION | BusinessNameLine1Txt |
| Business Name Line2 | FOUNDATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % JOHN A MAGLIANO | InCareOfNm |
| Business Name Control | STEP | BusinessNameControlTxt |
| Phone | 2125835794 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | c/o JOHN MAGLIANO 345 PARK AVenue | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10154 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOHN MAGLIANO | PersonNm |
| Person Title | VICE-PRES/TREASURER | PersonTitleTxt |
| Phone | 2125835794 | PhoneNum |
| Signature | 2017-10-30 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MARIE ARRIGO | PreparerPersonNm |
| PTIN | P00058583 | PTIN |
| Phone | 2129498700 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 64.238.150.10 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Federal Original Submission Id | 26368720173105000007 | FederalOriginalSubmissionId |
| Federal Original Submission Id | 2017-11-06 | FederalOriginalSubmissionIdDt |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | BA9B730043CFBE02C044A3824E7B5D64939582C4 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | BA9B730043CFBE02C044A3824E7B5D64939582C4 | 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 | $22,980,576 | FMVAssetsEOYAmt |
| Method Of Accounting Other | Yes (X) | MethodOfAccountingOtherInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $29,776,570 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $1,013 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $1,013 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $278,371 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $278,371 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $1,127,856 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $43,611,561 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $22,824,089 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $636 | OtherIncomeRevAndExpnssAmt |
| Total Rev And Expnss | $31,184,446 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $23,103,473 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $615,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $615,000 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $1,851,118 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $12,388 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $1,838,730 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $680,319 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $680,319 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $318,326 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $318,326 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $12,000 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $12,000 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $6,812,601 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $15,551 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $6,797,050 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $303,870 | TaxesRevAndExpnssAmt |
| Taxes Dsbrs Chrtbl | $33,870 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $14,918 | DeprecAndDpltnRevAndExpnssAmt |
| Occupancy Rev And Expnss | $359,196 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $17,906 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $341,290 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $334,951 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $334,951 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $648,745 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $648,745 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $11,951,044 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $45,845 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $11,620,281 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $23,903,717 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $23,903,717 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $35,854,761 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $45,845 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $35,523,998 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$4,670,315 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $23,057,628 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $9,308,042 | CashBOYAmt |
| Cash EOY | $4,341,563 | CashEOYAmt |
| Cash EOYFMV | $4,341,563 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $0 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $12,989,031 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $12,989,031 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $16,770,243 | CorporateStockBOYAmt |
| Corporate Stock EOY | $453,467 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $453,467 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $0 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $4,862,034 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $4,862,034 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $65,200 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $35,504 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $44,614 | LandBOYAmt |
| Land EOY | $29,696 | LandEOYAmt |
| Land EOYFMV | $29,696 | LandEOYFMVAmt |
| Other Assets BOY | $16,620 | OtherAssetsBOYAmt |
| Other Assets EOY | $304,785 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $304,785 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $26,139,519 | TotalAssetsBOYAmt |
| Total Assets EOY | $22,980,576 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $22,980,576 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $26,139,519 | UnrestrictedBOYAmt |
| Unrestricted EOY | $22,980,576 | UnrestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $26,139,519 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $22,980,576 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $26,139,519 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $22,980,576 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $26,139,519 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$4,670,315 | ExcessRevenueOverExpensesAmt |
| Other Increases | $1,511,372 | OtherIncreasesAmt |
| Subtotal | $22,980,576 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $22,980,576 | 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 | $43,611,561 | GrossSalesPriceAmt |
| Cost Or Other Basis | $20,787,472 | CostOrOtherBasisAmt |
| Gain Or Loss | $22,824,089 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $22,824,089 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $22,824,089 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $39,487,554 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $25,963,041 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 1.520914 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $11,756,054 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $34,507,171 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.340684 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $5,619,550 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $22,777,121 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.246719 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $3,755,258 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $2,509,160 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 1.49662 | DistributionYr4Rt |
| Total Distribution | 3.604937 | TotalDistributionRt |
| Average Distribution | 0.901234 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $26,473,455 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $23,858,778 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $230,576 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $24,089,354 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $35,523,998 | 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 | $230,576 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $230,576 | SubtotalAmt |
| Tax Based On Investment Income | $230,576 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $233,396 | EstimatedPlusOvpmtIncmTxAmt |
| Applied To Es Tax | $30,000 | AppliedToEsTaxAmt |
| Total Payments And Credits | $263,396 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $150 | EsPenaltyAmt |
| Overpayment | $32,670 | OverpaymentAmt |
| Applied To ES Tax | $32,670 | 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 |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| 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 |
| 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 | JOHN A MAGLIANO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2125835794 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O JOHN MAGLIANO 345 PARK AVENUE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10154 | 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 | 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 | Yes (true) | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | 0 | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (true) | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|---|
| STEPHEN A SCHWARZMAN | |||||||||
| C/O THE BLACKSTONE GROUP | 345 PARK AVENUE 16TH FLOOR | NEW YORK | NY | 10154 | CHAIRMAN | 10.0 | $0 | $0 | $0 |
| JOHN A MAGLIANO | |||||||||
| C/O THE BLACKSTONE GROUP | 345 PARK AVENUE 16TH FLOOR | NEW YORK | NY | 10154 | VICE PRESIDENT & TREASURER | 10.0 | $0 | $0 | $0 |
| PAUL WHITE | |||||||||
| C/O THE BLACKSTONE GROUP | 345 PARK AVENUE 16TH FLOOR | NEW YORK | NY | 10154 | SECRETARY | 10.0 | $15,000 | $0 | $0 |
| AMY STURSBERG | |||||||||
| C/O THE BLACKSTONE GROUP | 345 PARK AVENUE | NEW YORK | NY | 10154 | CHIEF EXECUTIVE OFFICER | 40.0 | $600,000 | $100,000 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt | Expense AccountExpenseAccountAmt |
|---|---|---|---|---|---|---|---|---|
| NIGEL J THRIFT | ||||||||
| 345 PARK AVENUE | NEW YORK | NY | 10154 | EXECUTIVE DIRECTOR | 40.0 | $539,471 | $26,448 | $0 |
| DEBRA L GOLDBERG | ||||||||
| 345 PARK AVENU | NEW YORK | NY | 10154 | DIR OF DEVELOPMENT | 40.0 | $280,686 | $15,255 | $0 |
| CHARLES R GARRIS | ||||||||
| 345 PARK AVENUE | NEW YORK | NY | 10154 | GLOBAL DIR/ADMISSION | 40.0 | $274,686 | $15,227 | $0 |
| YIXIN SANTALONE | ||||||||
| 345 PARK AVENUE | NEW YORK | NY | 10154 | CFO | 40.0 | $222,388 | $25,365 | $0 |
| AMITAV ACHARYA AS OF 072016 | ||||||||
| 345 PARK AVENUE | NEW YORK | NY | 10154 | VISITING PROFESSOR | 40.0 | $140,658 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 6 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| INSTITUTE OF INTERNATIONAL EDUCATION | |||||
| 809 UNITED NATIONS PLAZA | NEW YORK | NY | 10017 | PROGRAM DEVELOPMENT | $3,818,491 |
| CET - ACADEMIC TRAVEL ABROAD INC | |||||
| 1155 CONNECTICUT AVENUE NW SUITE 3 | WASHINGTON | DC | 20036 | STUDENT LIFE CONSULT | $635,679 |
| ISAACSON MILLER INC | |||||
| 263 SUMMER STREET | BOSTON | MA | 02110 | EXECUTIVE RECRUTING | $372,001 |
| SIMPSON THACHER & BARTLETT LLP | |||||
| 425 LEXINGTON AVENUE | NEW YORK | NY | 10017 | LEGAL SERVICES | $285,561 |
| WAGNER-WEBER ASSOCIATES INC | |||||
| 26 BROADWAY SUITE 967 | NEW YORK | NY | 10004 | IT CONSULTING | $273,076 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 5 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | SCHWARZMAN SCHOLARS PRORGRAM - SEE FEDERAL FOOTNOTE 1 | Description1Txt |
| Expenses1 | $11,761,820 | Expenses1Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $13,756,979 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $13,119,625 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $26,876,604 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $26,876,604 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $403,149 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $26,473,455 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,323,673 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,323,673 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $230,576 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $0 | IncomeTaxAmt |
| Total Tax | $230,576 | TotalTaxAmt |
| Distributable Before Adj | $1,093,097 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $1,093,097 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,093,097 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $35,523,998 | 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 | $35,523,998 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $230,576 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $35,293,422 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,093,097 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2014 | PriorYear1Yr |
| Prior Year2 | 2013 | PriorYear2Yr |
| Prior Year3 | 2012 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr4 | $3,653,109 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $4,544,577 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $10,051,315 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $38,618,016 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $56,867,017 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $35,523,998 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Current Year | $1,093,097 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $34,430,901 | RemainingDistriFromCorpusAmt |
| Total Corpus | $91,297,918 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $91,297,918 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $3,653,109 | ExcessFromYear4Amt |
| Excess From Year3 | $4,544,577 | ExcessFromYear3Amt |
| Excess From Year2 | $10,051,315 | ExcessFromYear2Amt |
| Excess From Year1 | $38,618,016 | ExcessFromYear1Amt |
| Excess From Current Year | $34,430,901 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | STEPHEN A SCHWARZMAN | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)
| Address Line1RecipientForeignAddress/AddressLine1Txt | CityRecipientForeignAddress/CityNm | CountryRecipientForeignAddress/CountryCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Foreign PostalRecipientForeignAddress/ForeignPostalCd |
|---|---|---|---|---|---|---|---|
| TSINGUA UNIVERSITY EDUCATION FOUNDATION | |||||||
| TSINGHUA UNIVERSITY | BEIJING | CH | NONE | PC | FUNDING FOR CONSTRUCTION OF A BUILDING ON THE COLLEGE CAMPUS. | $19,347,963 | |
| Tsinghua University Education Foundation | |||||||
| TSINGHUA UNIVERSITY | BEJING | CH | NONE | PC | SUPPORT FOR THE SCHWARZMAN SCHOLARS PROGRAM | $2,263,890 | |
| TSINGHUA UNIVERSITY EDUCATION FOUNDATION | |||||||
| TSINGHUA UNIVERSITY | BEJING | CH | NONE | PC | PORTRAIT | $144,151 | |
| THE RHODES TRUST | |||||||
| RHODES HOUSE SOUTH PARKS ROAD | OXFORD | UK | NONE | NC | LEADERSHIP PROJECT COLLABORATION INITIATIVES | $2,147,713 | 0X1 3RG |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $23,903,717 | 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 | $1,013 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $278,371 | 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 | $1,127,856 | 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 | REFUND OF UNRELATED BUSINESS INCOME TAX | Desc |
| Exclusion | 01 | ExclusionCd |
| Exclusion | $636 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $1,407,876 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,407,876 | 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 | STEPHEN A SCHWARZMAN | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O THE BLACKSTONE GROUP 345 PARK A | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10154 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $29,776,570 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | donated securities - $29,517,591 donated artwork - $144,151 donated chinese textiles - $114,828 | NoncashPropertyDesc |
| Fair Market Value | $29,776,570 | FairMarketValueAmt |
| Received | 2016-12-31 | ReceivedDt |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | EISNERAMPER LLP | CategoryTxt |
| Amt | $12,000 | Amt |
| Disbursements Charitable Prps | $12,000 | DisbursementsCharitablePrpsAmt |
Compensation Explanation CompensationExplanation
Compensation Explanation CompensationExplanationGrp (2 entries)
| Short ExplanationShortExplanationTxt |
|---|
| PAUL WHITE |
| The Foundation reimbursed the Blackstone Group for Mr. White's compensation. |
| AMY STURSBERG |
| The Foundation reimbursed the Blackstone Group for Ms. Stursberg's compensation and related benefits. |
Depreciation Schedule DepreciationSchedule
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE RHODES TRUST | BusinessNameLine1Txt |
Foreign Address ForeignAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RHODES HOUSE SOUTH PARKS ROAD | AddressLine1Txt |
| City | OXFORD | CityNm |
| Country | UK | CountryCd |
| Foreign Postal | OXI 3RG | ForeignPostalCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant | 2016-12-31 | GrantDt |
| Grant | $5,000,000 | GrantAmt |
| Purpose Of Grant | $3,474,355 for operating support; $1,525,645 to support the Leadership Project | PurposeOfGrantTxt |
| Expended By Grantee | $2,147,713 | ExpendedByGranteeAmt |
| Any Diversion By Grantee | NO | AnyDiversionByGranteeTxt |
| Dates Of Reports By Grantee | 60 days after Rhodes Trust fiscal year-end - June 30 | DatesOfReportsByGranteeTxt |
| Verification | 2017-07-19 | VerificationDt |
| Results Of Verification | TO THE KNOWLEDGE OF THE FOUNDATION, THE GRANTEE HAS NOT DIVERTED ANY OF THE FUNDS FROM THE PURPOSE AS OUTLINED IN THE GRANT AGREEMENT. | ResultsOfVerificationTxt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (4 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| BRIXMOR PROPERTY GROUP INC. | $193,640 | $193,640 |
| HILTON WORLDWIDE HOLDINGS INC. | $0 | $0 |
| FIDELITY BIOTECH ETF | $0 | $0 |
| EXTENDED STAY AMERICA INC. | $259,827 | $259,827 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | ISHARES CORE ETF | CategoryOrItemTxt |
| Listed At Cost Or FMV | FMV | ListedAtCostOrFMVCd |
| Book Value | $4,862,034 | BookValueAmt |
| EOYFMV | $4,862,034 | EOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp (5 entries)
| CategoryCategoryTxt | Legal FeesLegalFeesAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| SIMPSON THACHER AND BARTLETT | $285,561 | $285,561 |
| EPSTEIN BECKER GREEN | $13,045 | $13,045 |
| HOGAN LOVELLS US LLP | $12,919 | $12,919 |
| BORSTEIN LEGAL | $5,737 | $5,737 |
| SEWARD & KISSEL LLP | $1,064 | $1,064 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (4 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| DUE FROM TSINGUA UNIVERSITY - | |||
| SEE FOOTNOTE 2 | $0 | $189,957 | $189,957 |
| DIVIDEND RECEIVABLE | $16,620 | $0 | $0 |
| CHINESE TEXTILES | $0 | $114,828 | $114,828 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| RECRUITING AND MARKETING COSTS | $561,816 | $561,816 |
| CONVOCATION CEREMONY AND | ||
| BOARD MEETING COSTS HELD IN | ||
| BEIJING | $43,409 | $43,409 |
| OTHER OPERATING EXPENSES | $43,520 | $43,520 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | REFUND OF FEDERAL UNRELATED BUSINESS TAX | Desc |
| Revenue And Expenses Per Books | $636 | RevenueAndExpensesPerBooksAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NET CHANGE IN UNREALIZED APPRECIATION | Desc |
| Amt | $1,511,372 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (9 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| PROGRAM DEVELOPMENT | $3,818,491 | $3,818,491 | |
| EXECUTIVE RECRUITING | $372,001 | $372,001 | |
| STUDENT LIFE CONSULTING | $635,679 | $635,679 | |
| ACADEMIC AND STUDENT LIFE | |||
| CONSULTING | $1,474,900 | $1,474,900 | |
| IT CONSULTING | $273,076 | $273,076 | |
| GSA PROPERTY MANAGEMENT | |||
| LIMITED BEIJING BRANCH | $222,903 | $222,903 | |
| JPMORGAN INVESTMENT FEES | $15,551 | $15,551 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| FEDERAL EXCISE TAXES | $270,000 | |
| VAT TAXES | $33,870 | $33,870 |