HOLLYHOCK FOUNDATION INC: Form 990PF, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- HOLLYHOCK FOUNDATION INC (EIN 54-2091336)
- Tax period
- 2013-01-01 to 2013-12-31
- Filed
- 2014-11-14
- IRS object ID
- 201443189349100814
- 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
- Accounting Fees Schedule
- Expenditure Responsibility Stmt
- General Explanation Attachment
- Investments Other Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Increases Schedule
- Other Liabilities Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2014-11-14T09:29:26-06:00 | ReturnTs |
| Tax Period End | 2013-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICHAEL D SCHWARTZ | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 60 EAST 42ND STREET 46TH FLOOR | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10165 | 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 | 542091336 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE HOLLYHOCK FOUNDATION INC CO ROBERT A KARR | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | HOLL | BusinessNameControlTxt |
| Phone | 2123269568 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 55 EAST 59TH STREET | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10022 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TIMOTHY MCMANUS | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 2123269568 | PhoneNum |
| Signature | 2014-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| PTIN | P01275154 | PTIN |
| Phone | 2126615066 | PhoneNum |
| Preparation | 2014-11-14 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
| 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 | $416,988,766 | 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 | $48,000,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $26,591 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $26,591 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $567,592 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $567,592 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $881,030 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $8,381,030 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $4,024,018 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Net Invst Incm | $4,640,904 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $49,475,213 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $9,259,105 | 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 |
| Legal Fees Rev And Expnss | $100,724 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $79,334 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $21,390 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $125 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $125 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $173,000 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $206,213 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $511,359 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $1,500 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $480,062 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $590,818 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $22,890 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $12,585,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $12,585,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $13,065,562 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $590,818 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $12,608,390 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $36,409,651 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $8,668,287 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $4 | CashBOYAmt |
| Cash EOY | $4 | CashEOYAmt |
| Cash EOYFMV | $4 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $83,732,809 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $89,713,504 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $89,713,504 | SavAndTempCashInvstEOYFMVAmt |
| Other Investments BOY | $209,367,042 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $318,120,309 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $318,120,309 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $16,875,066 | OtherAssetsBOYAmt |
| Other Assets EOY | $9,154,949 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $9,154,949 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $309,974,921 | TotalAssetsBOYAmt |
| Total Assets EOY | $416,988,766 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $416,988,766 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $0 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $180,000 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $180,000 | 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 | $309,974,921 | RetainedEarningBOYAmt |
| Retained Earning EOY | $416,808,766 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $309,974,921 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $416,808,766 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $309,974,921 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $416,988,766 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $309,974,921 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $36,409,651 | ExcessRevenueOverExpensesAmt |
| Other Increases | $70,424,194 | OtherIncreasesAmt |
| Subtotal | $416,808,766 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $416,808,766 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (8 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|
| SALE OF SEG PARTNERS OFFSHORE | P | 2013-07-07 | $8,095,232 | $7,500,000 | $595,232 | $595,232 |
| FROM ECHO STREET CAPITAL PARTNERS | P | $356,569 | $356,569 | $356,569 | ||
| FROM ECHO STREET CAPITAL PARTNERS | P | $165,479 | $165,479 | $165,479 | ||
| FROM EGERTON INVESTMENT PARTNERS LP | P | $231,109 | $231,109 | $231,109 | ||
| FROM EGERTON INVESTMENT PARTNERS LP | P | $9,449 | $9,449 | $9,449 | ||
| THROUGH LONE CASCADE LP 20-1330917 | P | $954,867 | $954,867 | $954,867 | ||
| THROUGH LONE CASCADE LP 20-1330917 | P | $1,425,515 | $1,425,515 | $1,425,515 | ||
| CAPITAL GAINS DIVIDENDS | P | $285,798 | $285,798 | $285,798 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $4,024,018 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $13,829,812 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $304,209,223 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.045462 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $11,924,896 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $271,289,185 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.043956 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $4,196,813 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $245,505,201 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.017095 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $4,825,425 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $84,743,155 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.056942 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $4,649,861 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $98,729,731 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.047097 | DistributionYr5Rt |
| Total Distribution | 0.210552 | TotalDistributionRt |
| Average Distribution | 0.042110 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $300,659,230 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $12,660,760 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $86,683 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $12,747,443 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $14,483,390 | 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 | $86,683 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $86,683 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $86,683 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $194,469 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $194,469 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Overpayment | $107,786 | OverpaymentAmt |
| Applied To ES Tax | $107,786 | 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 | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NY | 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 | Yes (1) | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TIMOTHY MCMANUS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2123269568 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O JOHO CAPITAL 55 EAST 59TH | AddressLine1 |
| Address Line2 | STREET | AddressLine2 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10022 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | Yes (1) | ForeignAccountsQuestionInd |
| Foreign Country | UK | ForeignCountryCd |
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 | Yes (1) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| 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 | Yes (1) | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | 0 | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (1) | MaintainedExpenditureRspnsInd |
| 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 (3 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 |
|---|---|---|---|---|---|---|---|---|
| ROBERT KARR | ||||||||
| 55 EAST 59TH STREET 15TH FL | NEW YORK | NY | 10022 | PRESIDENT | 5.00 | $0 | $0 | $0 |
| SUSANNE KARR | ||||||||
| 55 EAST 59TH STREET 15TH FL | NEW YORK | NY | 10022 | VICE PRESIDENT | 5.00 | $0 | $0 | $0 |
| TIMOTHY K MCMANUS | ||||||||
| 55 EAST 59TH STREET 15TH FL | NEW YORK | NY | 10022 | SEC/TREAS | 5.00 | $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 (2 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| JOHO CAPITAL LLC | |||||
| 55 EAST 59TH STREET | NEW YORK | NY | 10022 | INVESTMENT MANAGEMENT | $180,000 |
| SIMPSON THACHER & BARTLETT LLP | |||||
| 425 LEXINGTON AVENUE | NEW YORK | NY | 10017 | LEGAL | $100,724 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | ZEARN, LLC- AN EQUITY INVESTMENT IN A FOR PROFIT DELAWARE LIMITED LIABILITY COMPANY, THE RECEIPEINT'S MISSION IS TO HELP CLOSE THE ACHIEVMENT GAP IN PUBLIC EDUCATION BY FUNDING THE CREATION OF DIGITAL EDUCATIONAL CONTENT AND CURRICULAR MATERIALS FOR K-12 STUDENTS AND TEACHERS AT URBAN PUBLIC AND CHARTER SCHOOLS. THE CONTENT DEVELOPED IS TO BE MADE AVAILABLE FREE OF CHARGE TO A LARGE NUMBER OF URBAN DISTRICTS AND CHARTER SCHOOLS IN PERPETUITY. | Description1Txt |
| Expenses1 | $1,875,000 | Expenses1Amt |
| Total | $1,875,000 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $10,617,084 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $70,253,672 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $224,367,041 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $305,237,797 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $305,237,797 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $4,578,567 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $300,659,230 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $15,032,962 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $15,032,962 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $86,683 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $86,683 | TotalTaxAmt |
| Distributable Before Adj | $14,946,279 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $14,946,279 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $14,946,279 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $12,608,390 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $1,875,000 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $14,483,390 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $86,683 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $14,396,707 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $14,946,279 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $14,409,073 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $14,483,390 | QualifyingDistributionsAmt |
| Applied To Year1 | $14,409,073 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $74,317 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $14,871,962 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | 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 | ROBERT KARR | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (11 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| CATHOLIC BIG BROTHERS AND BIG BROTHERS # 2101 | |||||||
| 137 EAST 2ND STREET | NEW YORK | NY | 10009 | NONE | PUBLIC CHARITY | EXPENSES FOR SPRING DINNER DANCE FUND RAISER | $500 |
| CHARTER SCHOOL GROWTH FUND | |||||||
| 350 INTERLOCKEN BOULEVARD | BROOMFIELD | CO | 80021 | NONE | PUBLIC CHARITY | SUPPORT FOR CHARTER SCHOOL DEVELOPMENT AND GRANTS | $400,000 |
| HARVARD UNIVERSITY | |||||||
| 124 MOUNT AUBURN ST | CAMBRIDGE | MA | 02138 | NONE | PUBLIC CHARITY | GRADUATE SCHOOL OF EDUCATION FOR THE DOCTORATE IN EDUCATION LEADERSHIP FUND | $40,000 |
| HARVARD UNIVERSITY | |||||||
| 124 MOUNT AUBURN ST | CAMBRIDGE | MA | 02138 | NONE | PUBLIC CHARITY | FOR THE GRADUATE SCHOOL OF EDUCATION AND FOR THE HOLLYHOCK FOUNDATION FELLOWSHIP | $10,000 |
| JAPAN SOCIETY | |||||||
| 333 EAST 47TH STREET | NEW YORK | NY | 10017 | NONE | PUBLIC CHARITY | SUPPORT US/JAPAN STUDENT EXCHANGE PROGRAM | $110,000 |
| ROBIN HOOD FOUNDATION | |||||||
| 826 BROADWAY 7TH FL | NEW YORK | NY | 10003 | NONE | PUBLIC CHARITY | AID FOR THOSE LIVING IN POVERTY | $1,500,000 |
| SAINT DAVID'S SCHOOL | |||||||
| 12 EAST 89TH ST | NEW YORK | NY | 10128 | NONE | PUBLIC CHARITY | GIFT TO PROMOTE EXPANSION PROGRAM TO HELP CHILDREN TO REALIZE THEIR FULL POTENTIAL IN ACADEMICS, ALTHLETICS AND SPIRITUALITY. | $250,000 |
| SCHWAB FUND FOR CHARITABLE GIVING | |||||||
| 211 MAIN STREET | SAN FRANCISCO | CA | 94105 | NONE | DONOR ADVISED FUND | GENERAL SUPPORT FOR VARIOUS CHARITABLE PURPOSES | $8,250,000 |
| WILLIAMS COLLEGE | |||||||
| 75 PARK STREET | WILLIAMSTOWN | MA | 01267 | NONE | PUBLIC CHARITY | GRADUATE PROGRAM IN ART HISTORY ANNUAL FUND | $25,000 |
| WILLIAMS COLLEGE | |||||||
| 75 PARK STREET | WILLIAMSTOWN | MA | 01267 | NONE | PUBLIC CHARITY | TO FUND UNDERGRADUATE SCHOLARSHIPS | $500,000 |
| LELAND STANFORD JUNIOR UNIVERSITY | |||||||
| 326 GALVEZ STREET | STANFORD | CA | 94305 | NONE | PUBLIC CHARITY | TO SUPPORT THE CENTER FOR EXCELLENCE IN TEACHING | $1,500,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $12,585,500 | 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 | $26,591 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $567,592 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $881,030 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $1,475,213 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,475,213 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | ROBERT A KARR | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 55 EAST 59TH STREET 15TH FLOOR | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10022 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $48,000,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | TAX PREPARATION AND RELATED ACCOUNTING | CategoryTxt |
| Amt | $125 | Amt |
| Net Investment Income | $125 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp (2 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | GrantGrantDt | GrantGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Expended By GranteeExpendedByGranteeAmt | Any Diversion By GranteeAnyDiversionByGranteeTxt | Dates Of Reports By GranteeDatesOfReportsByGranteeTxt | VerificationVerificationDt | Results Of VerificationResultsOfVerificationTxt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ZEARN LLC (FKA DENT LLC) | |||||||||||
| 261 WEST 35TH STREET | NEW YORK | NY | 10001 | 2012-12-31 | $1,875,000 | A LOAN FOR THE BENEFIT OF ZEARN LLC (FKA DENT, LLC), A FOR PROFIT DELAWARE LIMITED LIABILITY COMPANY, THE RECEIPIENT'S MISSION IS TO HELP CLOSE THE ACHIEVMENT GAP IN PUBLIC EDUCATION BY FUNDING THE CREATION OF DIGITAL EDUCATIONAL CONTENT AND CURRICULAR MATERIALS FOR K-12 STUDENTS AND TEACHERS AT URBAN PUBLIC AND CHARTER SCHOOLS. THE CONTENT DEVELOPED IS TO BE MADE AVAILABLE FREE OF CHARGE TO A LARGE NUMBER OF URBAN DISTRICTS AND CHARTER SCHOOLS IN PERPETUITY. ALL FUNDS WERE EXPENDED BY THE END OF 2013. IN APRIL, 2013 THE LOAN WAS CONVERTED TO AN EQUITY INVESTMENT. | $1,875,000 | TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. | 10/23/2013; 11/06/2014 | 2014-11-06 | THE GRANTOR REVIEWED THE EXPENDITURE RESPONSIBILITY REPORT PREPARED BY THE GRANTEE. IN ADDITION THE GRANTOR EXAMINED THE AUDITED FINANCIAL STATEMENTS OF THE GRANTEE AND RECONCILED TOTAL EXPENDURES IN THE TWO REPORTS. BASED UPON COMPARISON OF THE EXPENDITURE REPORT WITH THE AUDITED FINANCIAL STATEMENTS THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO ADDITIONAL INDEPENDENT VERIFICATION OF THE REPORT WAS MADE. |
| ZEARN LLC | |||||||||||
| 261 WEST 35TH STREET | NEW YORK | NY | 10001 | 2013-08-29 | $1,875,000 | AN EQUITY INVESTMENT IN ZEARN LLC, A FOR PROFIT DELAWARE LIMITED LIABILITY COMPANY, THE RECEIPIENT'S MISSION IS TO HELP CLOSE THE ACHIEVMENT GAP IN PUBLIC EDUCATION BY FUNDING THE CREATION OF DIGITAL EDUCATIONAL CONTENT AND CURRICULAR MATERIALS FOR K-12 STUDENTS AND TEACHERS AT URBAN PUBLIC AND CHARTER SCHOOLS. THE CONTENT DEVELOPED IS TO BE MADE AVAILABLE FREE OF CHARGE TO A LARGE NUMBER OF URBAN DISTRICTS AND CHARTER SCHOOLS IN PERPETUITY. | $1,209,077 | TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. | 11/06/2014 | 2014-11-06 | THE GRANTOR REVIEWED THE EXPENDITURE RESPONSIBILITY REPORT PREPARED BY THE GRANTEE. IN ADDITION THE GRANTOR EXAMINED THE AUDITED FINANCIAL STATEMENTS OF THE GRANTEE AND RECONCILED TOTAL EXPENDURES IN THE TWO REPORTS. BASED UPON COMPARISON OF THE EXPENDITURE REPORT WITH THE AUDITED FINANCIAL STATEMENTS THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO ADDITIONAL INDEPENDENT VERIFICATION OF THE REPORT WAS MADE. |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | EXPLANATION CONCERNING PART VII-A, LINE 12 | FormAndLineReferenceDesc |
| Medium Explanation | THE FOUNDATION TREATED DISTRIBUTIONS TO A DONOR ADVISED FUND AS A QUALIFYING DISTRIBUTION. THE DISTRIBUTIONS WILL BE CONTRIBUTED OR GIFTED TO OR FOR THE USE OF A CORPORATION, TRUST, OR COMMUNITY CHEST FUND OR FOUNDATION ORGANIZED AND OPERATED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES OR FOR THE PREVENTION OF CRUELTY TO CHILDREN OR ANIMALS. | MediumExplanationTxt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (15 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| BLUE RIDGE OFFSHORE LTD. | FMV | $35,761,744 | $35,761,744 |
| JOHO FUND CLASS A | FMV | $115,875,673 | $115,875,673 |
| LONE CASCADE, L.P. | FMV | $16,432,811 | $16,432,811 |
| BRENNER WEST CAPITAL OFFSHORE FUND LTD | FMV | $17,800,218 | $17,800,218 |
| JOHO ASIA FUND CLASS A | FMV | $44,547,911 | $44,547,911 |
| LAFAYETTE STREET FUND OFFSHORE LTD | FMV | $9,982,314 | $9,982,314 |
| LIGHT STREET XENON OFFSHORE, LTD | FMV | $4,045,803 | $4,045,803 |
| MILLENIUM INTERNATIONAL | FMV | $17,293,080 | $17,293,080 |
| STEADFAST INTERNATIONAL LTD, CLASS P | FMV | $3,370,309 | $3,370,309 |
| STEADFAST INTERNATIONAL LTD, CLASS R | FMV | $13,562,914 | $13,562,914 |
| ECHO STREET PARTNERS | FMV | $5,855,520 | $5,855,520 |
| GMO GLOBAL EQUITY ALLOCATION FUND ON XNMS | FMV | $11,178,710 | $11,178,710 |
| VANGUARD GLOBAL EQUITY FUND ON XNMS | FMV | $5,764,728 | $5,764,728 |
| EGERTON LONG-SHORT FUND (USD) LIMITED | FMV | $5,373,436 | $5,373,436 |
| EGERTON INVESTMENT PARTNERS, L.P. | FMV | $11,275,138 | $11,275,138 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL | CategoryTxt |
| Legal Fees | $100,724 | LegalFeesAmt |
| Net Investment Income | $79,334 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $21,390 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (6 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| DIVIDEND RECEIVABLE | $1 | $178 | $178 |
| INTEREST RECEIVABLE | $65 | $9 | $9 |
| PROGRAM RELATED INVESTMENT - DENT PROMISSORY NOTE | $1,875,000 | $0 | $0 |
| SUBSCRIPTIONS PAID IN ADVANCE | $15,000,000 | $5,000,000 | $5,000,000 |
| RECEIVABLE FOR OPEN TRADES | $404,762 | $404,762 | |
| PROGRAM RELATED INVESTMENT - EQUITY INVESTMENT ZEARN LLC | $3,750,000 | $3,750,000 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FOREIGN WITHHOLDING TAXES | $24,316 | $29,538 | $0 |
| BORROW FEES FOR SHORT POSITIONS | $397 | $397 | $0 |
| DIVIDENDS PAID ON SHORT POSITIONS (PASSTHROUGHS) | $0 | $84,422 | $0 |
| FILING FEE | $1,500 | $0 | $1,500 |
| EXPENSES PASS THROUGH FROM PARTNERSHIP | $0 | $217,002 | $0 |
| MANAGEMENT FEE EXPENSE | $180,000 | $180,000 | $0 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | UNREALIZED APPRECIATION ON SECURITIES | Description |
| Amount | $70,424,194 | Amount |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MANAGEMENT FEE PAYABLE | Desc |
| BOY Book Value | $0 | BOYBookValueAmt |
| EOY Book Value | $180,000 | EOYBookValueAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | EXCISE TAXES | CategoryTxt |
| Amt | $173,000 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |