THE CHESTNUT FOUNDATION: Form 990PF, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- THE CHESTNUT FOUNDATION (EIN 95-4793268)
- Tax period
- 2013-01-01 to 2013-12-31
- Filed
- 2014-11-14
- IRS object ID
- 201433189349101978
- Schema version
- 2013v3.0
- 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
- Distribution From Corpus Election
- General Explanation Attachment
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- 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 | 2014-11-14T18:30:16-06:00 | ReturnTs |
| Tax Period End | 2013-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 952399533 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NSBN LLP | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9454 WILSHIRE BLVD 4TH FLOOR | AddressLine1 |
| City | BEVERLY HILLS | City |
| State | CA | State |
| ZIP Code | 902122907 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2013-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 954793268 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE CHESTNUT FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CHES | BusinessNameControlTxt |
| Phone | 3102805015 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5150 OVERLAND AVENUE | AddressLine1 |
| City | CULVER CITY | City |
| State | CA | State |
| ZIP Code | 90230 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BENJAMIN KEST | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 3102805015 | PhoneNum |
| Signature | 2014-11-07 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ROBIN BROCK | PreparerPersonNm |
| PTIN | P00185893 | PTIN |
| Phone | 3102732501 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2015-12-30 17:16:21Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $10,481,724 | 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 | $555,494 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $102 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $102 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $312,322 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $312,322 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$883,803 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $612,663 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $21,259 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $21,259 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $5,374 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $333,683 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $1,334 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $667 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $667 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $12,604 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $6,801 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $85 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $106,122 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $105,123 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $120,060 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $112,591 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $752 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $607,330 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $607,330 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $727,390 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $112,591 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $608,082 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$722,016 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $221,092 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $51,463 | CashBOYAmt |
| Cash EOY | $5,593 | CashEOYAmt |
| Cash EOYFMV | $5,593 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $982,038 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $87,786 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $87,786 | SavAndTempCashInvstEOYFMVAmt |
| Other Nts And Loans Rcvbl | $850 | OtherNtsAndLoansRcvblAmt |
| Other Rcvbl Allwnc Dbtfl Acct | $0 | OtherRcvblAllwncDbtflAcctAmt |
| Other Nts And Loans Rcvbl BOY | $1,731,889 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $850 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $850 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Corporate Stock BOY | $1,983,989 | CorporateStockBOYAmt |
| Corporate Stock EOY | $2,567,841 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $2,996,100 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $4,654,249 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $5,492,317 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $5,491,029 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $295,496 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $312,842 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $310,930 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $1,079,607 | OtherAssetsBOYAmt |
| Other Assets EOY | $1,589,436 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $1,589,436 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $10,778,731 | TotalAssetsBOYAmt |
| Total Assets EOY | $10,056,665 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $10,481,724 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $50 | AccountsPayableBOYAmt |
| Total Liabilities BOY | $50 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $10,778,681 | RetainedEarningBOYAmt |
| Retained Earning EOY | $10,056,665 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $10,778,681 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $10,056,665 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $10,778,731 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $10,056,665 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $10,778,681 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$722,016 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $10,056,665 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $10,056,665 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | Cost Or Other BasisCostOrOtherBasisAmt |
|---|---|---|---|---|---|
| EXCELSIOR OPPORTUNITY FUND LP | P | $136,948 | $136,948 | $136,948 | |
| PUBLICLY TRADED SECURITIES | $431,138 | $10,655 | $10,655 | $420,483 | |
| EAST COAST FUNDING; BAD DEBT STATEMENT ATTACHED | P | -$1,075,983 | -$1,075,983 | $1,075,983 | |
| CAPITAL GAINS DIVIDENDS | P | $44,577 | $44,577 | $44,577 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$883,803 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $410,572 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $9,626,537 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.042650 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $548,795 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $10,266,182 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.053457 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $386,407 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $9,941,246 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.038869 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $280,180 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $7,676,859 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.036497 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $248,196 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $4,950,213 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.050138 | DistributionYr5Rt |
| Total Distribution | 0.221611 | TotalDistributionRt |
| Average Distribution | 0.044322 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $11,212,753 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $496,972 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $2,211 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $499,183 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $608,082 | 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 | $2,211 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $2,211 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $2,211 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $7,907 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $7,907 | TotalPaymentsAndCreditsAmt |
| Overpayment | $5,696 | OverpaymentAmt |
| Applied To ES Tax | $5,696 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | NONE | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BENJAMIN AND ANNA KEST | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3102805015 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5150 OVERLAND AVENUE | AddressLine1 |
| City | CULVER CITY | City |
| State | CA | State |
| ZIP Code | 90230 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| BENJAMIN KEST | ||||||||
| 5150 OVERLAND AVENUE | CULVER CITY | CA | 90230 | PRESIDENT | 2.00 | $0 | $0 | $0 |
| ANNA KEST | ||||||||
| 5150 OVERLAND AVENUE | CULVER CITY | CA | 90230 | SECRETARY & TREASURER | 2.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEI PRIVATE TRUST COMPANY | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE FREEDOM VALLEY DRIVE | AddressLine1 |
| City | OAKS | City |
| State | PA | State |
| ZIP Code | 19456 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | INVESTMENT MANAGEMENT FEES | ServiceTypeTxt |
| Compensation | $50,910 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $8,250,793 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $409,574 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $2,723,139 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $11,383,506 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $11,383,506 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $170,753 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $11,212,753 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $560,638 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $560,638 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $2,211 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $721 | IncomeTaxAmt |
| Total Tax | $2,932 | TotalTaxAmt |
| Distributable Before Adj | $557,706 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $557,706 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $557,706 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $608,082 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $608,082 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $2,211 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $605,871 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $557,706 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $242,779 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $608,082 | QualifyingDistributionsAmt |
| Applied To Year1 | $242,779 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $50,000 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $315,303 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $50,000 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $242,403 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $50,000 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | BENJAMIN KEST | ContributingManagerNm |
| Contributing Manager | ANNA KEST | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (30 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| AMERICAN FRIENDS OF THE BAMBI HOMES COLOMBIA | |||||||
| POBOX 231542 | NEW YORK | NY | 10023 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $1,000 |
| AMERICAN FRIENDS OF YAD ELIEZER INC | |||||||
| 1102 EAST 26TH STREET | BROOKLYN | NY | 11210 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $10,400 |
| BAIS AVROHOM | |||||||
| 4507 15TH AVE | BROOKLYN | NY | 11219 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $3,600 |
| BETH MENACHEM CHABAD | |||||||
| 349 DEDHAM STREET | NEWTON | PA | 024592902 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $10,800 |
| BIKUR CHOLIM OF MANHATTAN INC | |||||||
| 180 RIVERSIDE DR | NEW YORK | NY | 10024 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $500 |
| CHABAD OF WEST ORANGE COUNTY | |||||||
| 5052 WARNER AVE | HUNTINGTON BEACH | CA | 92649 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $13,000 |
| CHOFETZ CHAIM HERITAGE FOUNDATION | |||||||
| 361 SPOOK ROCK ROAD | SUFFERN | NY | 10901 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $1,500 |
| CONGREGATION AHAVAS TORAH V CHESED | |||||||
| 684 9TH ST | LAKEWOOD | NJ | 08701 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $52,000 |
| CONGREGATION BOROV INC | |||||||
| 2 PARKER BLVD | MONSEY | NY | 10952 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $1,500 |
| CONGREGATION CHOK L'YISROEL | |||||||
| 2 PARKER BLVD | MONSEY | NY | 10952 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $17,500 |
| CONGREGATION LEVI YITZCHOK | |||||||
| 356 NORTH LA BREA AVE | LOS ANGELES | CA | 90036 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $4,000 |
| CONGRETATION NETZACH ISREAL INC | |||||||
| 1 ORCHARD HILL DR | MONSEY | NY | 10952 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $1,000 |
| DROR | |||||||
| 1407 59 STREET | BROOKLYN | NY | 11219 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $500 |
| FRIENDS OF ADERES HATORAH INC | |||||||
| 1072 MADISON AVE | LAKEWOOD | NJ | 08701 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $9,000 |
| FRIENDS OF ULPAN L-BANOT KIRYAT ARBA INC | |||||||
| 2084 NEW YORK AVE | BROOKLYN | NY | 11210 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $6,500 |
| GEMILAS CHESED CHASDEI DOVID | |||||||
| 3054 BEDFORD AVE | BROOKLYN | NY | 11210 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $35,000 |
| HASHEVAYNU | |||||||
| 144-02 JEWEL AVE | FLUSHING | NY | 11367 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $23,600 |
| ISRAEL ENDOWMENT FUNDS INC | |||||||
| 317 MADISON AVE SUITE 607 | NEW YORK | NY | 10017 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $10,000 |
| MANHATTAN HIGH SCHOOL FOR GIRLS | |||||||
| 154 E 70TH ST | NEW YORK | NY | 10021 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $20,330 |
| ONE FANNING FUND | |||||||
| POBOX 82273 | PHILADELPHIA | PA | 19182 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $1,000 |
| SCHOOL FOR CHILDREN WITH HIDDEN INTELLIGENCE | |||||||
| 345 OAK ST | LAKEWOOD | NJ | 08701 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $16,500 |
| SHARSHERET | |||||||
| 1086 TEANECK ROAD SUITE 3A | TEANECK | NJ | 07666 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $1,000 |
| THANK ISRAELI SOLDIERS | |||||||
| 5185 MACARTHUR BLVD NW 636 | WASHINGTON | DC | 20016 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $1,800 |
| THE ALEPH INSTITUTE | |||||||
| 9540 COLLINS AVE | SURFSIDE | FL | 33154 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $7,500 |
| TORAH LISHMAH INSTITUTE | |||||||
| 25 CLIFTON AVENUE | YONKERS | NY | 10705 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $10,200 |
| YESHIVA OF THE TELSHE ALUMNI | |||||||
| 4904 INDEPENDENCE AVE | RIVERDALE | NY | 10471 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $157,000 |
| YESHIVA OF WATERBURY | |||||||
| 47 BUCKINGHAM ST | WATERBURY | CT | 06710 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $5,000 |
| YESHIVA OHAVEI TORAH | |||||||
| 450 W 250TH ST | BRONX | NY | 10471 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $154,300 |
| YESHIVA UNIVERSITY | |||||||
| 500 W 185TH ST | NEW YORK | NY | 10033 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $18,000 |
| YOUNG ISRAEL OF RIVERDALE | |||||||
| 4502 HENRY HUDSON PARKWAY | RIVERDALE | NY | 10471 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $13,300 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $607,330 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $102 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $312,322 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $21,259 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$883,803 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | -$550,120 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | -$550,120 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | 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/AddressLine1 | CityContributorUSAddress/City | StateContributorUSAddress/State | ZIP CodeContributorUSAddress/ZIPCode | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|
| KEST 2009 CHARITABLE LEAD ANNUITY T | ||||||
| 1 | 5150 OVERLAND AVENUE | CULVER CITY | CA | 90230 | $505,494 | Yes (X) |
| THE GOLDRICH FAMILY FOUNDATION | ||||||
| 2 | 5150 OVERLAND AVENUE | CULVER CITY | CA | 90230 | $50,000 | Yes (X) |
Distribution From Corpus Election DistributionFromCorpusElection
| Field | Value | IRS element (for citing) |
|---|---|---|
| Election | PURSUANT TO IRC SEC. 4942(H)(2) AND REG. 53.4942(A)-3(D)(2), THE ABOVE REFERENCED FOUNDATION HEREBY ELECTS TO TREAT $50,000 OF CURRENT YEAR QUALIFYING DISTRIBUTIONS IN EXCESS OF THE IMMEDIATELY PRECEDING TAX YEAR'S UNDISTRIBUTED INCOME AS BEING MADE OUT OF CORPUS. | ElectionDesc |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | 990-PF, PART XIII, LINE 4C | FormAndLineReferenceDesc |
| Medium Explanation | ON FEBRUARY 7, 2013, THE CHESTNUT FOUNDATION RECEIVED A DONATION OF $50,000 FROM THE GOLDRICH FAMILY FOUNDATION (EIN: 95-4155986). PURSUANT TO IRC SEC. 4942(G)(3), THE CHESTNUT FOUNDATION MADE A QUALIFIED CHARITABLE DISTRIBUTION OF $50,000 OUT OF CORPUS IN 2013. | MediumExplanationTxt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | CORPORATE BONDS | BondNm |
| EOY Book Value | $5,492,317 | EOYBookValueAmt |
| EOYFMV | $5,491,029 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | EQUITIES | StockNm |
| EOY Book Value | $2,567,841 | EOYBookValueAmt |
| EOYFMV | $2,996,100 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | FORUM ABSOLUTE STRATEGIES FUND | CategoryOrItemTxt |
| Listed At Cost Or FMV | AT COST | ListedAtCostOrFMVCd |
| Book Value | $312,842 | BookValueAmt |
| EOYFMV | $310,930 | EOYFMVAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | EXCELSIOR OPPORTUNITY FUND LP | Desc |
| BOY Book Value | $1,079,607 | BOYBookValueAmt |
| EOY Book Value | $1,589,436 | EOYBookValueAmt |
| EOYFMV | $1,589,436 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INVESTMENT MANAGEMENT FEES - SEI | $50,910 | $50,910 | $0 |
| BANK SERVICE CHARGES | $40 | $40 | $0 |
| INVESTMENT MANAGEMENT FEES FROM K-1 | $41,413 | $41,413 | $0 |
| INVESTMENT INTEREST EXPENSES FROM K-1 | $2,880 | $2,880 | $0 |
| OTHER EXPENSE FROM K-1 | $9,838 | $9,838 | $0 |
| PENALTY | $999 | $0 | $0 |
| OFFICE EXPENSE | $42 | $42 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | K-1: EXCELSIOR OPPORTUNITY FUND LP | Desc |
| Revenue And Expenses Per Books | $21,259 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $21,259 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $21,259 | AdjustedNetIncomeAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING | CategoryTxt |
| Amt | $1,334 | Amt |
| Net Investment Income | $667 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $667 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INTERNAL REVENUE SERVICE | $5,718 | $0 | $0 |
| CA FRANCHISE TAX BOARD | $5,297 | $5,212 | $85 |
| FOREIGN TAXES | $1,589 | $1,589 | $0 |