THE KILTS FAMILY FOUNDATION: Form 990PF, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- THE KILTS FAMILY FOUNDATION (EIN 13-4147482)
- Tax period
- 2015-01-01 to 2015-12-31
- Filed
- 2016-11-08
- IRS object ID
- 201643139349100049
- Schema version
- 2015v2.1
- 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
- Depreciation Schedule
- Expln Of Non Filing With AG Stmt
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-11-08T15:06:36-06:00 | ReturnTs |
| Tax Period End | 2015-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Ayco Company LP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 860 | AddressLine1Txt |
| City | Saratoga Springs | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 128660860 | 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 | 134147482 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE KILTS FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % C/O JOHN JUSTICE THE AYCO C | InCareOfNm |
| Business Name Control | KILT | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | c/o the ayco co lp - PO BOX 860 | AddressLine1Txt |
| City | SARATOGA SPRINGS | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 128660860 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JAMES KILTS | PersonNm |
| Person Title | Trustee | PersonTitleTxt |
| Phone | 5186405000 | PhoneNum |
| Signature | 2016-10-27 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | christine w diionna | PreparerPersonNm |
| PTIN | P00999533 | PTIN |
| Phone | 5188864000 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2017-02-10 21:41:12Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $14,534,713 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $0 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $32 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $32 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $225,389 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $225,389 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $1,096,713 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $7,406,923 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $1,096,713 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $15,605 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $15,605 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $1,337,739 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,337,739 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Taxes Rev And Expnss | $13,836 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $3,836 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $388,554 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $388,245 | OtherExpensesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $402,390 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $392,081 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,203,650 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,203,650 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,606,040 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $392,081 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,203,650 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$268,301 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $945,658 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $940,737 | CashBOYAmt |
| Cash EOY | $1,119,500 | CashEOYAmt |
| Cash EOYFMV | $1,119,500 | CashEOYFMVAmt |
| Corporate Stock BOY | $11,804,563 | CorporateStockBOYAmt |
| Corporate Stock EOY | $11,770,058 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $12,311,271 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $1,381,362 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $987,797 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $1,100,660 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $22,276 | OtherAssetsBOYAmt |
| Other Assets EOY | $3,282 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $3,282 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $14,148,938 | TotalAssetsBOYAmt |
| Total Assets EOY | $13,880,637 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $14,534,713 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $14,148,938 | CapitalStockBOYAmt |
| Capital Stock EOY | $13,880,637 | CapitalStockEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $14,148,938 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $13,880,637 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $14,148,938 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $13,880,637 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $14,148,938 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$268,301 | ExcessRevenueOverExpensesAmt |
| Subtotal | $13,880,637 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $13,880,637 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (12 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | Cost Or Other BasisCostOrOtherBasisAmt | AcquiredAcquiredDt | SoldSoldDt |
|---|---|---|---|---|---|---|---|
| NONDIVIDEND DISTRIBUTIONS | P | $56 | $56 | $56 | |||
| PUBLICLY TRADED SECURITIES - FP #258 | P | $707 | -$33 | -$33 | $740 | ||
| PUBLICLY TRADED SECURITIES - FP #716 | P | $145,015 | $31,606 | $31,606 | $113,409 | ||
| PUBLICLY TRADED SECURITIES - FP #724 | P | $47,125 | $10,404 | $10,404 | $36,721 | ||
| 1.952 SHS LB OFFSHORE DIVERSIFIED ARBITRAGE FUND (SPV) LTD | P | $2,480 | $886 | $886 | $1,594 | 2009-01-01 | 2015-09-30 |
| PUBLICLY TRADED SECURITIES - UST #1021 | P | $6,094,332 | $650,267 | $650,267 | $5,444,065 | ||
| PUBLICLY TRADED SECURITIES - UST #473 | P | $47,546 | $23,150 | $23,150 | $24,396 | ||
| PUBLICLY TRADED SECURITIES - UST #335 | P | $137,134 | $33,131 | $33,131 | $104,003 | ||
| PUBLICLY TRADED SECURITIES - UST #314 | P | $598,988 | $61,172 | $61,172 | $537,816 | ||
| PUBLICLY TRADED SECURITIES - UST #309 | P | $48,440 | $2,634 | $2,634 | $45,806 | ||
| 46 SHS LAZARD LTD PTP | P | $2,073 | $413 | $413 | $1,660 | 2010-10-29 | 2015-11-16 |
| CAPITAL GAIN DIVIDENDS | P | $266,641 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $1,096,713 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $1,142,500 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $14,462,524 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.078997 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $298,750 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $12,143,360 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.024602 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $1,178,827 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $11,622,902 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.101423 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $857,741 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $11,663,735 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.073539 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $813,663 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $11,121,025 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.073164 | DistributionYr5Rt |
| Total Distribution | 0.351725 | TotalDistributionRt |
| Average Distribution | 0.070345 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $15,545,493 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $1,093,548 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $9,457 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $1,103,005 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $1,203,650 | 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 | $9,457 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $9,457 | SubtotalAmt |
| Tax Based On Investment Income | $9,457 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $34,916 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $34,916 | TotalPaymentsAndCreditsAmt |
| Overpayment | $25,459 | OverpaymentAmt |
| Applied To ES Tax | $25,459 | 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 | DE | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | false | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CO JOHN JUSTICE THE AYCO CO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5188864221 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 321 BROADWAY | AddressLine1Txt |
| City | SARATOGA SPRINGS | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 128660860 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
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 |
|---|---|---|---|---|---|---|---|---|
| SANDRA M KILTS | ||||||||
| c/o the ayco co lp - PO BOX 860 | SARATOGA SPRINGS | NY | 128660860 | VP/SECRETARY - as needed | 0 | $0 | $0 | $0 |
| JAMES M KILTS | ||||||||
| c/o the ayco co lp - PO BOX 860 | SARATOGA SPRINGS | NY | 128660860 | PRESIDENT - as needed | 0 | $0 | $0 | $0 |
| JAMES M KILTS JR | ||||||||
| c/o the ayco co lp - PO BOX 860 | SARATOGA SPRINGS | NY | 128660860 | DIRECTOR - as needed | 0 | $0 | $0 | $0 |
| SARAH KILTS | ||||||||
| c/o the ayco co lp - PO BOX 860 | SARATOGA SPRINGS | NY | 128660860 | DIRECTOR - as needed | 0 | $0 | $0 | $0 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER CHARITABLE ORGANIZATIONS EXEMPT | Description1Txt |
| Description2 | UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). | Description2Txt |
| 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 | $13,731,534 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $694,682 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $1,356,010 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $15,782,226 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $15,782,226 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $236,733 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $15,545,493 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $777,275 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $777,275 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $9,457 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $9,457 | TotalTaxAmt |
| Distributable Before Adj | $767,818 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $767,818 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $767,818 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,203,650 | 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 | $1,203,650 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $9,457 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,194,193 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $767,818 | 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 Yr5 | $271,386 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $296,072 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $620,228 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr1 | $446,005 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $1,633,691 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,203,650 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Current Year | $767,818 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $435,832 | RemainingDistriFromCorpusAmt |
| Total Corpus | $2,069,523 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $271,386 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $1,798,137 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $296,072 | ExcessFromYear4Amt |
| Excess From Year3 | $620,228 | ExcessFromYear3Amt |
| Excess From Year1 | $446,005 | ExcessFromYear1Amt |
| Excess From Current Year | $435,832 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | JAMES M KILTS | ContributingManagerNm |
| Shareholder Manager | NA | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | various (SEE ATTACHMENT) | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | VARIOUS | AddressLine1Txt |
| City | SARATOGA SPRINGS | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 12866 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | none | RecipientRelationshipTxt |
| Recipient Foundation Status | PC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | GENERAL CHARITABLE PURPOSES | GrantOrContributionPurposeTxt |
| Amt | $1,203,650 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,203,650 | 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 | $32 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $225,389 | 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 | 01 | ExclusionCd |
| Exclusion | $15,605 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $1,096,713 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $1,337,739 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,337,739 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | n/a | LineNumberTxt |
| Relationship Statement | not applicable | RelationshipStatementTxt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Depreciation Schedule DepreciationSchedule
Expln Of Non Filing With AG Stmt ExplnOfNonFilingWithAGStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | the foundation is registered in the state of delaware. Delaware does not have a filing requirement for this tax return. | ExplanationTxt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (8 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| FIELDPOINT #258 | $143,189 | $165,251 |
| FIELDPOINT #716 | $452,055 | $605,194 |
| FIELDPOINT #724 | $133,551 | $164,327 |
| US TRUST #021 | $9,514,192 | $9,727,929 |
| US TRUST #473 | $142,320 | $191,573 |
| US TRUST #335 | $371,386 | $425,895 |
| US TRUST #314 | $798,416 | $805,344 |
| US TRUST #309 | $214,949 | $225,758 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (5 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| K-1 POMONA CAP SEC CO-INVST | AT COST | $80,021 | $227,275 |
| LB OFFSH DIV ARBITRAGE | AT COST | $8,861 | $8,522 |
| PTP LAZARD | AT COST | $3,110 | $4,681 |
| GSO MEZZANINE (OFFSHORE) | AT COST | $168,028 | $228,448 |
| K-1 SALIENT MLP TE FUND | AT COST | $727,777 | $631,734 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| DIVIDENDS RECEIVABLE | $22,276 | $801 | $801 |
| PROCEEDS RECEIVABLE -ARBITRAGE | $0 | $2,481 | $2,481 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| MANAGEMENT FEES | $103,198 | $103,198 |
| CT CORPORATE BUSINESS FEE | $284 | |
| DELAWARE FILING FEE | $25 | |
| DEDUCTIONS FROM K-1 | $39,427 | $39,427 |
| OTHER SWAP LOSS FROM K-1 | $245,620 | $245,620 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| other income-jp morgan alerian mlp index | $9,412 | $9,412 |
| section 1256 from k-1 | $6,087 | $6,087 |
| other income from k-1 | $42 | $42 |
| litigation income | $64 | $64 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| FOREIGN TAXES | $3,836 | $3,836 |
| FEDERAL TAXES | $10,000 |