THE KILTS FAMILY FOUNDATION: Form 990PF, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- THE KILTS FAMILY FOUNDATION (EIN 13-4147482)
- Tax period
- 2014-01-01 to 2014-12-31
- Filed
- 2015-11-12
- IRS object ID
- 201513169349100941
- Schema version
- 2014v5.0
- 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
- Depreciation Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-11-12T13:55:45-06:00 | ReturnTs |
| Tax Period End | 2014-12-31 | 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 | 2014-01-01 | 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 | officer | PersonTitleTxt |
| Phone | 5188864000 | PhoneNum |
| Signature | 2015-11-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Mary Carbone | PreparerPersonNm |
| PTIN | P01247414 | PTIN |
| Phone | 5188864000 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $16,585,096 | 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 | $2,682,928 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $54 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $54 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $230,382 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $230,382 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $1,161,158 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $8,022,861 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $1,161,158 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $87,689 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $87,689 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $4,162,211 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,479,283 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $4,500 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $44,781 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $4,781 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $143,262 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $142,953 | OtherExpensesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $192,543 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $147,734 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,142,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,142,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,335,043 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $147,734 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,142,500 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $2,827,168 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,331,549 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $458,695 | CashBOYAmt |
| Cash EOY | $940,737 | CashEOYAmt |
| Cash EOYFMV | $940,737 | CashEOYFMVAmt |
| Corporate Stock BOY | $10,498,793 | CorporateStockBOYAmt |
| Corporate Stock EOY | $11,804,563 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $13,988,655 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $1,479,845 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $1,381,362 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $1,633,428 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $7,003 | OtherAssetsBOYAmt |
| Other Assets EOY | $22,276 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $22,276 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $12,444,336 | TotalAssetsBOYAmt |
| Total Assets EOY | $14,148,938 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $16,585,096 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $12,444,336 | CapitalStockBOYAmt |
| Capital Stock EOY | $14,148,938 | CapitalStockEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $12,444,336 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $14,148,938 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $12,444,336 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $14,148,938 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $12,444,336 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $2,827,168 | ExcessRevenueOverExpensesAmt |
| Subtotal | $15,271,504 | SubtotalAmt |
| Other Decreases | $1,122,566 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $14,148,938 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (12 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| 3925 UNITS PWRSH DB COMMODITY INDEX TRACKING | P | 2012-07-13 | 2014-12-16 | $73,867 | $72,248 | $1,619 | $1,619 |
| PUBLICLY TRADED SECURITIES | $219,023 | $221,046 | -$2,023 | -$2,023 | |||
| PUBLICLY TRADED SECURITIES | $120,397 | $108,614 | $11,783 | $11,783 | |||
| PUBLICLY TRADED SECURITIES | $28,525 | $25,273 | $3,252 | $3,252 | |||
| PUBLICLY TRADED SECURITIES | $3,798,767 | $3,557,529 | $241,238 | $241,238 | |||
| PUBLICLY TRADED SECURITIES | $187,816 | $123,107 | $64,709 | $64,709 | |||
| PUBLICLY TRADED SECURITIES | $969,088 | $756,223 | $212,865 | $212,865 | |||
| PUBLICLY TRADED SECURITIES | $184,590 | $155,927 | $28,663 | $28,663 | |||
| PUBLICLY TRADED SECURITIES | $1,657,403 | $1,556,976 | $100,427 | $100,427 | |||
| PUBLICLY TRADED SECURITIES | $337,652 | $284,760 | $52,892 | $52,892 | |||
| NONDIVIDEND DISTRIBUTIONS | $29 | $29 | $29 | ||||
| CAPITAL GAIN DIVIDENDS | P | $340,519 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $1,161,158 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $298,750 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $12,143,360 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.024602 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $1,178,827 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $11,622,902 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.101423 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $857,741 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $11,663,735 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.073539 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $813,663 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $11,121,025 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.073164 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $1,450,380 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $12,048,224 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.120381 | DistributionYr5Rt |
| Total Distribution | 0.393109 | TotalDistributionRt |
| Average Distribution | 0.078622 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $14,462,524 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $1,137,073 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $13,315 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $1,150,388 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $1,142,500 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $26,631 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $26,631 | SubtotalAmt |
| Tax Based On Investment Income | $26,631 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $51,547 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $51,547 | TotalPaymentsAndCreditsAmt |
| Overpayment | $24,916 | OverpaymentAmt |
| Applied To ES Tax | $24,916 | 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 | $12,431,416 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $617,921 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $1,633,428 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $14,682,765 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $14,682,765 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $220,241 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $14,462,524 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $723,126 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $723,126 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $26,631 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $26,631 | TotalTaxAmt |
| Distributable Before Adj | $696,495 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $696,495 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $696,495 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,142,500 | 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 | $1,142,500 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $1,142,500 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $696,495 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2012 | PriorYear1Yr |
| Prior Year2 | 2011 | PriorYear2Yr |
| Prior Year3 | 2010 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $581,289 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $271,386 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $296,072 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $620,228 | ExcessDistributionCyovYr2Amt |
| Total Excess Distribution Cyov | $1,768,975 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,142,500 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Current Year | $696,495 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $446,005 | RemainingDistriFromCorpusAmt |
| Total Corpus | $2,214,980 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $581,289 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $1,633,691 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $271,386 | ExcessFromYear4Amt |
| Excess From Year3 | $296,072 | ExcessFromYear3Amt |
| Excess From Year2 | $620,228 | ExcessFromYear2Amt |
| Excess From Current Year | $446,005 | 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 | $1,142,500 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,142,500 | 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 | $54 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $230,382 | 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 | $87,689 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $1,161,158 | 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 | $1,479,283 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,479,283 | 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 (2 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|---|
| JAMES M AND SANDRA M KILTS | |||||||
| 1 | 96 CONYERS FARM DRIVE | GREENWICH | CT | 06831 | $955,728 | Yes (X) | Yes (X) |
| JAMES M AND SANDRA M KILTS | |||||||
| 2 | 96 CONYERS FARM DRIVE | greenwich | CT | 06831 | $1,727,200 | Yes (X) | Yes (X) |
Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | 10,608 SHS PROCTER & GAMBLE | $955,728 | 2014-12-01 |
| 2 | 40,000 SHS ZOETIS INC | $1,727,200 | 2014-12-19 |
Depreciation Schedule DepreciationSchedule
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (9 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| FIELDPOINT #258 | $134,042 | $169,422 |
| FIELDPOINT #716 | $420,217 | $608,606 |
| FIELDPOINT #724 | $120,442 | $154,864 |
| US TRUST #021 | $9,494,195 | $11,072,304 |
| US TRUST #473 | $113,248 | $192,317 |
| US TRUST #335 | $241,713 | $344,714 |
| US TRUST #314 | $1,070,951 | $1,200,023 |
| US TRUST #371 | $0 | |
| US TRUST #309 | $209,755 | $246,405 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (6 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| K-1 POMONA CAP SEC CO-INVST | AT COST | $260,495 | $445,590 |
| BARCLAY LB OFFSH DIV ARBITRAGE | AT COST | $10,455 | $17,278 |
| PTP LAZARD | AT COST | $4,771 | $7,505 |
| PTP POWERSHS DB COMMODITY | AT COST | $0 | |
| GSO MEZZANINE (OFFSHORE) | AT COST | $92,872 | $143,404 |
| K-1 SALIENT MLP TE FUND | AT COST | $1,012,769 | $1,019,651 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $4,500 | LegalFeesAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DIVIDENDS RECEIVABLE | Desc |
| BOY Book Value | $7,003 | BOYBookValueAmt |
| EOY Book Value | $22,276 | EOYBookValueAmt |
| EOYFMV | $22,276 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| APPRECIATION OVER DONORS COST BASIS ON | $1,122,566 |
| ASSETS CONTRIBUTED TO THE FOUNDATION | $0 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| MANAGEMENT FEES | $103,018 | $103,018 |
| CT CORPORATE BUSINESS FEE | $284 | |
| DELAWARE FILING FEE | $25 | |
| DEDUCTIONS FROM K-1 | $39,935 | $39,935 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| other income-jp morgan alerian mlp index | $19,041 | $19,041 |
| other income from k-1s | $95,639 | $95,639 |
| section 1256 from k-1s | -$26,991 | -$26,991 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| FOREIGN TAXES | $4,781 | $4,781 |
| FEDERAL TAXES | $40,000 |