CARL C ICAHN FOUNDATION: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- CARL C ICAHN FOUNDATION (EIN 13-3913393)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-11-10
- IRS object ID
- 201103149349301445
- Schema version
- 2010v3.4
- 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
- Schedule A
- Schedule B
- Schedule D
- Schedule I
- Schedule J
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-11-10T10:33:29-05:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 666 THIRD AVENUE | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10017 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 133913393 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FOUNDATION FOR A GREATER OPPORTUNITY | BusinessNameLine1 |
| Business Name Line2 | C/O ICAHN ASSOCIATES CORP | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | FOUN | NameControl |
| Phone | 2127024300 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 767 FIFTH AVENUE 4700 | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10153 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KEITH COZZA | Name |
| Title | AUTHORIZED SIGNATORY | Title |
| Date Signed | 2001-11-15 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2125429609 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | GAIL GOLDEN-ICAHN | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 767 FIFTH AVENUE 47TH FL | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10153 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 4020269 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | N/A | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1996 | YearFormation |
| State Legal Domicile | DE | StateLegalDomicile |
| Activity Or Mission Description | TO PROVIDE FINANCIAL AND OTHER FORMS OF ASSISTANCE AND SUPPORT TO STUDENTS, CHILDREN AND THEIR PARENTS, AND LOW-INCOME FAMLIES TO ASSIST WITH EDUCATIONAL OPPORTUNITIES AND OTHER SERVICES LISTED IN PART III. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 7 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 1 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 933896 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 933646 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 50000 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 125185 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 3058176 | InvestmentIncomePriorYear |
| Investment Income Current Year | 2961438 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 4042072 | TotalRevenuePriorYear |
| Total Revenue Current Year | 4020269 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 1300203 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 662554 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 403865 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 286000 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 222281 | OtherExpensePriorYear |
| Other Expenses Current Year | 398890 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 1926349 | TotalExpensesPriorYear |
| Total Expenses Current Year | 1347444 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 2115723 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 2672825 | RevenuesLessExpensesCY |
| Total Assets BOY | 174180032 | TotalAssetsBOY |
| Total Assets EOY | 177264953 | TotalAssetsEOY |
| Total Liabilities BOY | 282999 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 205557 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 173897033 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 177059396 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | TO PROVIDE FINANCIAL AND OTHER FORMS OF ASSISTANCE AND SUPPORT TO STUDENTS, CHILDREN AND THEIR PARENTS, AND LOW-INCOME FAMILIES, SUCH ASSISTANCE AND SUPPORT TO INCLUDE, BUT NOT LIMITED TO, EDUCATIONAL OPPORTUNITIES AND ASSISTANCE (INCLUDING, BUT NOT LIMITED TO, PRE-KINDERGARTEN THROUGH POST-SECONDARY SCHOOLS, THEIR FACILITIES AND EQUIPMENT, SCHOLARSHIPS, AND ATHLETIC PROGRAMS), HEALTHCARE SERVICES, SOCIAL SERVICES, HOUSING, LEGAL ASSISTANCE, AND CULTURAL OPPORTUNITIES. THE PURPOSES SPECIFIED HERIN ARE TO BE FURTHERED AND THE ACTIVITIES PURSUANT THERETO ARE TO BE UNDERTAKEN EXCLUSIVELY TO BENEFIT AND SUPPORT ORGANIZATIONS THAT OPERATE PROGRAMS WHICH PROVIDE SUCH ASSISTANCE AND SUPPORT TO STUDENTS, CHILDREN AND THEIR PARENTS, AND LOW-INCOME FAMILIES AND THAT ARE DESCRIBED IN SECTION 509(a)(1) OR 509(a)(2) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 556570 | Expense |
| Grants | 316206 | Grants |
| Description | SUPPORT FOR UNDERPRIVILEGED STUDENTS AT CHOATE ROSEMARY HALL LOCATED IN WALLINGFORD, CT. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 431849 | Expense |
| Grants | 245348 | Grants |
| Description | SUPPORT THE CONSTRUCTION OF A NEW CHARTER SCHOOL FACILITY TO BE CONSTRUCTED BY THE NEW YORK CITY SCHOOL CONSTRUCTION AUTHORITY. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 177775 | Expense |
| Grants | 101000 | Grants |
| Description | SUPPORT FOR THE EDUCATIONAL PROGRAMS AT CENTER FOR EDUCATIONAL INNOVATION - PUBLIC EDUCATION ASSOCATION (CEI-PEA). | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 1166194 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | false | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | true | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | true | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | true | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 0 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 1 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Excess Business Holdings | false | ExcessBusinessHoldings |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 7 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 1 | NumberIndependentVotingMembers |
| Family Or Business Relationship | true | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | true | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | false | CompensationProcessCEO |
| Compensation Process Other | false | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | KEITH COZZA | NamePerson |
| Telephone Number | 2127024300 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 767 FIFTH AVENUE 47TH FL | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10153 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (9 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| HAROLD SHAPIRO | ||||||
| DIRECTOR | 1.0 | X | 0 | 376535 | 41049 | |
| EDWARD J SHANAHAN | ||||||
| PRESIDENT, DIR | 1.0 | X | 0 | 348779 | 107848 | X |
| DIANE FELLOWS | ||||||
| DIRECTOR | 1.0 | X | 0 | 0 | 0 | |
| EDUARDO LA GUERRE | ||||||
| DIRECTOR | 1.0 | X | 0 | 135901 | 10000 | |
| CARL C ICAHN | ||||||
| DIRECTOR | 1.0 | X | 0 | 0 | 0 | |
| GAIL GOLDEN-ICAHN | ||||||
| VP, TREASURER, DIR | 1.0 | X | 0 | 0 | 0 | X |
| SEYMOUR FLIEGEL | ||||||
| DIRECTOR, VICE PRESIDENT | 1.0 | X | 0 | 230000 | 0 | X |
| JULIE CLARK GOODYEAR | ||||||
| SECRETARY | 40.0 | 256628 | 0 | 6435 | X | |
| SUSAN GORDON | ||||||
| ASSISTANT SECRETARY | 1.0 | 0 | 0 | 0 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 256628 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 1091215 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 165332 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| All Other Contributions | 933646 | AllOtherContributions |
| Total Contributions | 933646 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|
| RENT - ICAHN CHARTER SCHOOL 1 | 50000 | $50,000 |
| RENT - AGING IN AMERICA | 35371 | $35,371 |
| RENT - AHRC | 28738 | $28,738 |
| RENT - SEIU | 11076 | $11,076 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 125185 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2961438 | TotalRevenueColumn |
| Exclusion | $2,961,438 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 0 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4020269 | TotalRevenueColumn |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $3,086,623 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 662554 | Total |
| Program Services | 662554 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 256628 | Total |
| Program Services | 256628 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 29372 | Total |
| Program Services | 29372 | ProgramServices |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 47223 | Total |
| Management And General | 47223 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20111 | Total |
| Management And General | 20111 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2124 | Total |
| Management And General | 2124 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 26954 | Total |
| Management And General | 26954 | ManagementAndGeneral |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 217640 | Total |
| Program Services | 217640 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1246 | Total |
| Management And General | 1246 | ManagementAndGeneral |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal | Management And GeneralManagementAndGeneral |
|---|---|---|
| FILING FEES | 5756 | 5756 |
| REPAIRS & MAINTENANCE | 73230 | 73230 |
| REAL ESTATE TAXES | 4606 | 4606 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1347444 | Total |
| Program Services | 1166194 | ProgramServices |
| Management And General | 181250 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 660234 | BOY |
| EOY | 137260 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 46040001 | BOY |
| EOY | 36536989 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16667 | BOY |
| EOY | 16667 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 118727570 | BOY |
| EOY | 118727570 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 16026914 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 1621870 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1603675 | BOY |
| EOY | 14405044 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6623644 | BOY |
| EOY | 7113182 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 508241 | BOY |
| EOY | 328241 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 174180032 | BOY |
| EOY | 177264953 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 282999 | BOY |
| EOY | 184383 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 21174 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 282999 | BOY |
| EOY | 205557 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 173897033 | BOY |
| EOY | 177059396 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 173897033 | BOY |
| EOY | 177059396 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 174180032 | BOY |
| EOY | 177264953 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 2672825 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 489538 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | X | SupportingOrganization509a3 |
| Supporting Org509a3 Type1 | X | SupportingOrg509a3Type1 |
| Certification Checkbox | X | CertificationCheckbox |
| Contrib By Controlling Individual | false | ContribByControllingIndividual |
| Contribution By Related Party | false | ContributionByRelatedParty |
| Contrib By35 Controlled Entity | false | ContribBy35ControlledEntity |
Supported Org Information SupportedOrgInformation (9 entries)
| EINEIN | Type Of OrganizationTypeOfOrganization | Listed In Governing DocListedInGoverningDoc | AmountAmount |
|---|---|---|---|
| CHOATE ROSEMARY HALL | |||
| 060910420 | 02 | false | $316,206 |
| CENTER FOR EDUCATIONAL INNOVATION | |||
| 134113613 | 07 | false | $101,000 |
| NEW YORK CITY SCHOOL CONSTRUCTION AUTHORITY | |||
| 133535408 | 06 | false | $245,348 |
| ICAHN CHARTER SCHOOL 1 | |||
| 134166657 | 02 | false | $0 |
| ICAHN CHARTER SCHOOL 2 | |||
| 205846198 | 02 | false | $0 |
| ICAHN CHARTER SCHOOL 3 | |||
| 262271604 | 02 | false | $0 |
| ICAHN CHARTER SCHOOL 4 | |||
| 264674992 | 02 | false | $0 |
| NEIGHBORHOOD ASSOC FOR INTER-CULTURAL | |||
| 132995128 | 07 | false | $0 |
| PRINCETON UNIVERSITY | |||
| 210634501 | 02 | false | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Supported Orgs | 9 | TotalNumberOfSupportedOrgs |
| Sum Of Amounts | 662554 | SumOfAmounts |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1722847 | OtherCostOrOtherBasis |
| Book Value | 1722847 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 12967470 | OtherCostOrOtherBasis |
| Depreciation | 1512352 | Depreciation |
| Book Value | 11455118 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovements | |
| Equipment | Equipment |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1336597 | OtherCostOrOtherBasis |
| Depreciation | 109518 | Depreciation |
| Book Value | 1227079 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 14405044 | TotalOfBookValueLandBuildings |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | SECURITY DEPOSITS | Description |
| Amount | $21,174 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 21174 | TotalOfAmounts |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | FIN 48 FOOTNOTE | Identifier |
| Return Reference | SCHEDULE D, PART X, LINE 2 | ReturnReference |
| Explanation | THE FOUNDATION FOLLOWS THE ACCOUNTING GUIDANCE IN UNCERTAINTIES IN INCOME TAX PROVISIONS WHICH REQUIRE THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE FOUNDATION DOES NOT BELIEVE ITS ACTIVITIES RESULT IN ANY UNCERTAIN TAX POSITIONS. | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Recipient Table RecipientTable (3 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|
| CHOATE ROSEMARY HALL | |||||||
| 333 CHRISTIAN STREET | WALLINGFORD | CT | 06492 | 060910420 | 501(c)(3) | 316206 | SCHOLARSHIPS |
| NEW YORK CITY SCHOOL CONSTRUCTION AUTHORITY | |||||||
| 30-30 THOMSON AVE | LI CITY | NY | 111013045 | 133535408 | NEW YORK CITY | 245348 | CONSTRUCTION |
| CEI - PEA | |||||||
| 28 WEST 44TH STREET SUITE 300 | NEW YORK | NY | 10036 | 134113613 | 501(c)(3) | 101000 | EDUCATION PROGRAMS. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 3 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (4 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HAROLD SHAPIRO | |||||||||||||
| 0 | 376535 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 41049 | 0 | 417584 | 0 | 0 |
| JULIE CLARK GOODYEAR | |||||||||||||
| 223155 | 0 | 33473 | 0 | 0 | 0 | 0 | 0 | 6435 | 0 | 263063 | 0 | 0 | 0 |
| EDWARD J SHANAHAN | |||||||||||||
| 0 | 348779 | 0 | 0 | 0 | 0 | 0 | 74972 | 0 | 32876 | 0 | 456627 | 0 | 0 |
| SEYMOUR FLIEGEL | |||||||||||||
| 0 | 200000 | 0 | 30000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 230000 | 0 | 0 |
Schedule L IRS990ScheduleL
Loan Table LoanTable (2 entries)
| Purpose Of LoanPurposeOfLoan | Loan From OrganizationLoanFromOrganization | Original PrincipalOriginalPrincipalAmount | Balance DueBalanceDue | DefaultDefault | Approved By BoardApprovedByBoard | Written AgreementWrittenAgreement |
|---|---|---|---|---|---|---|
| MODAL LLC | ||||||
| ACQUIRE SHARES | X | $100,000,000 | 90000000 | false | true | true |
| MODAL LLC | ||||||
| CONTRIBUTION | X | $28,727,570 | 28727570 | false | true | true |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 118727570 | TotalBalanceDue |
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | CARL C ICAHN | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | TRUSTEE, OWNS 100% MODAL | Relationship |
| Amount Of Transaction | 118727570 | AmountOfTransaction |
| Description Of Transaction | FGO NOTE REC FROM MODAL | DescriptionOfTransaction |
| Sharing Of Revenues | false | SharingOfRevenues |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (13 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DOING BUSINESS WITH MODAL, LLC | PART IV, LINE 26 | THE FOUNDATION HAS TWO NOTES RECEIVABLE FROM MODAL, LLC WITH BALANCES TOTALING $118,727,570 AS OF 12/31/10. MODAL, LLC IS 100% OWNED BY CARL C. ICAHN, WHO IS A DIRECTOR OF THE FOUNDATION. |
| RELATED OFFICERS | PART VI, SECTION A, LINE 2 | TWO DIRECTORS, CARL C. ICAHN AND GAIL GOLDEN-ICAHN, ARE HUSBAND AND WIFE. SUSAN GORDON (OFFICER) AND GAIL GOLDEN-ICAHN (OFFICER AND DIRECTOR) ARE EMPLOYED BY ENTITIES OWNED BY CARL C. ICAHN. |
| SIGNIFICANT CHANGES TO GOVERNING DOCUMENTS | PART VI, SECTION A, LINE 4 | THE BOARD DISCUSSED WHETHER TO AMEND THE PURPOSES OF THE FOUNDATION TO CHANGE THE CLASS OF NOT-FOR-PROFIT ORGANIZATIONS THAT THE FOUNDATION SUPPORTS AND BENEFITS. THE BOARD DETERMINED THAT IT IS IN THE BEST INTEREST OF THE FOUNDATION TO BROADEN THAT CLASS TO BETTER ASSIST CHILDREN AND THEIR PARENTS AND LOW-INCOME FAMILIES, WHILE REMAINING WITHIN THE REQUIREMENTS OF THE INTERNAL REVENUE CODE FOR A SUPPORTING ORGANIZATION TO A CLASS OF BENEFICIARY ORGANIZATIONS. THE UPDATED PURPOSE FOR WHICH THE FOUNDATION IS FORMED AND SHALL BE OPERATED IS DESCRIBED IN PART III, LINE 1. |
| GOVERNING BODY | PART VI, SECTION A, LINE 7A | THE FOUNDATION'S BYLAWS PROVIDE FOR THREE CLASSES OF DIRECTORS - CLASS A, CLASS B AND C. THE CLASS A DIRECTORS CONSTITUTE A MAJORITY OF THE ENTIRE BOARD OF DIRECTORS AND ARE APPOINTED OR ELECTED EITHER BY THE GOVERNING BODY OR AN OFFICER, ACTING IN HIS OR HER OFFICIAL CAPACITY, OF ONE OR MORE OF THE PUBLICLY SUPPORTED EXEMPT ORGANIZATIONS WITHIN THE CLASS OF ORGANIZATIONS SUPPORTED BY THE FOUNDATION. CLASS B CONSISTS OF ONE DIRECTOR NAMED IN THE BYLAWS OR A SUCCESSOR DESIGNATED BY THE CLASS B DIRECTOR. THE CLASS C DIRECTORS ARE ELECTED BY THE CLASS B DIRECTOR. |
| 990 REVIEW | PART VI, SECTION B, LINE 11 | THE FINANCIAL STATEMENTS AND FORM 990 ARE REVIEWED BY AN INDEPENDENT AUDIT FIRM PRIOR TO THEIR COMPLETION AND FILING. FORM 990 IS MADE AVAILABLE TO THE TRUSTEES UPON COMPLETION OF THE INDEPENDENT AUDIT AND PRIOR TO THE FILING OF THE TAX RETURN. |
| CONFLICT OF INTEREST POLICY | PART VI, SECTION B, LINE 12C | IF THE BOARD OR A COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT AN INTERESTED PERSON HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT WILL INFORM THE INTERESTED PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD HIM OR HER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE RESPONSE AND MAKING SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES, THE BOARD DETERMINES THAT THE INTERESTED PERSON HAS IN FACT FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT WILL TAKE APPROPRIATE ACTION WHICH MAY INCLUDE RECOMMENDATION TO THE BOARD FOR REMOVAL FROM THE BOARD OR TERMINATION OF EMPLOYMENT, AS WELL AS RECONSIDERATION OF WHETHER THE TRANSACTION OR ARRANGEMENT WAS IN THE BEST INTERESTS OF AND FAIR AND REASONABLE TO THE FOUNDATION AT THE TIME IT WAS UNDERTAKEN. IF IT IS DETERMINED THAT THE TRANSACTION WAS NOT FAIR AND REASONABLE TO THE FOUNDATION, THE FOUNDATION IN ITS DISCRETION, MAY AVOID THE CONTRACT AND/OR REQUIRE THE INTERESTED PERSON TO RESTORE THE FOUNDATION TO THE FINANCIAL POSITION IT WOULD HAVE BEEN IN IF SUCH PERSON HAD BEEN DEALING UNDER THE HIGHEST FIDUCIARY STANDING. |
| OFFICER PAY | PART VI, SECTION B, LINE 15B | BECAUSE THE COMBINATION OF DUTIES CARRIED OUT BY JULIE CLARK GOODYEAR IS UNIQUE, IT WOULD BE EXTREMELY DIFFICULT, IF NOT IMPOSSIBLE, TO LOCATE COMPARABILITY DATA. DESPITE THE LACK OF SUCH DATA, IT IS BELIEVED THAT THE COMPENSATION PAID MS. GOODYEAR IS REASONABLE BASED ON THE DUTIES AND RESPONSIBILITIES OF THE POSITION, THE TIME SPENT PERFORMING THOSE DUTIES, AND THE PERFORMANCE LEVEL. NO OTHER OFFICERS OF THE FOUNDATION ARE COMPENSATED BY THE FOUNDATION. |
| 990 AVAILABLE FOR PUBLIC INSPECTION | PART VI, SECTION C, LINE 18, ANOTHER'S WEBSITE | FORM 990 IS POSTED ON WWW.GUIDESTAR.ORG. THE FOUNDATION REVIEWS THE WEBSITE TO VERIFY THE PRESENCE AND ACCURATE POSTING OF ITS FORM 990. |
| PUBLIC INFORMATION DISCLOSURE | PART VI, SECTION C, LINE 19 | THE FOUNDATION DOES NOT MAKE ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. THE FOUNDATION'S FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
| CONTRIBUTION OF INTEREST INCOME | PART VIII, LINE 1F | ON MARCH 6, 2006, CARL C. ICAHN, A DIRECTOR OF THE FOUNDATION, MADE A GIFT TO THE FOUNDATION IN THE FORM OF A NOTE RECEIVABLE FROM MODAL,LLC, AN AFFILIATE OF MR. ICAHN, TOTALING $28,727,570. THE NOTE EARNS INTEREST AT THE PRIME RATE, PAYABLE MONTHLY IN ARREARS AND IS SECURED BY THE GUARANTEE OF HIGH COAST LIMITED PARTNERSHIP, WHICH IS AN AFFILIATE OF MR. ICAHN. THE FOUNDATION RECOGNIZED INTEREST INCOME ON THE FINANCIAL STATEMENTS FROM THE GIFT OF $933,646 IN 2010. THE $933,646 WAS CONSIDERED A CONTRIBUTION ON FORM 990, PART VIII, LINE 1F IN 2010. |
| OTHER CHANGES IN FUND BALANCE | PART XI, LINE 5 | THE AMOUNT ON PART XI, LINE 5 (OTHER CHANGES IN FUND BALANCE) REPRESENTS NET APPRECIATION IN INVESTMENTS. |
| PUBLICLY SUPPORTED ORGANIZATIONS DESIGNATED BY CLASS | SCHEDULE A, PART 1, LINE 11H, COLUMN IV | THE FOUNDATION SUPPORTS NON-DESIGNATED PUBLICLY SUPPORTED ORGANIZATIONS THAT PROVIDE ASSISTANCE AND SUPPORT TO STUDENTS, CHILDREN AND THEIR PARENTS, AND LOW-INCOME FAMILIES. THE FOUNDATION MEETS THE REQUIREMENTS OF SECTION 1.509(a)-4(d)(2)(i) OF THE TREASURY REGULATIONS BY DESIGNATING THOSE PUBLICLY SUPPORTED ORGANIZATIONS BY CLASS IN ARTICLE THIRD OF ITS CERTIFICATE OF INCORPORATION AND IN ARTICLE III, SECTION 2.A OF ITS BYLAWS. |
| NOTES RECEIVABLE | SCHEDULE L, PART II | IN DECEMBER 2005, MODAL LLC ("MODAL"), AN AFFILIATE OF MR. CARL C. ICAHN, ENTERED INTO A STOCK PURCHASE AGREEMENT WITH THE FOUNDATION TO ACQUIRE CERTAIN SHARES OF AMERICAN RAILCAR INDUSTRIES, INC. THAT WERE PREVIOUSLY DONATED TO THE FOUNDATION FOR A PURCHASE PRICE EQUAL TO THE GREATER OF $100 MILLION OR THE FAIR MARKET VALUE OF THE SHARES ON THE DATE OF PURCHASE. THE FOUNDATION COMPLETED THE SALE TO MODAL ON JANUARY 20, 2006, FOR $100 MILLION CONSISTING OF $10 MILLION IN CASH AND THE BALANCE IN A FIVE-YEAR INTEREST-ONLY PROMISSORY NOTE WITH MONTHLY PAYMENTS OF INTEREST AT THE PRIME RATE. ON MARCH 6, 2006, MR. CARL C. ICAHN, MADE A GIFT TO THE FOUNDATION IN THE FORM OF A NOTE RECEIVABLE FROM MODAL TOTALING $28,727,570. THE NOTE EARNS INTEREST AT THE PRIME RATE, PAYABLE IN MONTHLY ARREARS AND IS SECURED BY THE GUARANTEE OF HIGH COAST LIMITED PARTNERSHIP, WHICH IS AN AFFILIATE OF MR. ICAHN. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI (4 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Total IncomeTotalIncome | EOY AssetsEOYAssets | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|
| GREATER OPPORTUNITY LLC | |||||||||
| 767 FIFTH AVENUE 4700 | NEW YORK | NY | 10153 | 133913393 | SUPPORT | DE | 0 | 4180 | NA |
| ADDED OPPORTUNITY LLC | |||||||||
| 767 FIFTH AVENUE 4700 | NEW YORK | NY | 10153 | 133913393 | SUPPORT | DE | 0 | 61757 | NA |
| ADDED OPPORTUNITY I LLC | |||||||||
| 767 FIFTH AVENUE 4700 | NEW YORK | NY | 10153 | 133913393 | SUPPORT | DE | 49 | 705 | NA |
| INWOOD OPPORTUNITY LLC | |||||||||
| 767 FIFTH AVENUE 4700 | NEW YORK | NY | 10153 | 133913393 | SUPPORT | DE | 75264 | 13016211 | NA |
Form990 Schedule R Part II Form990ScheduleRPartII (9 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|
| ICAHN CHARTER SCHOOL 1 | |||||||||
| 767 FIFTH AVENUE SUITE 4700 | NEW YORK | NY | 10153 | 134166657 | SCHOOL | NY | 501(C)(3) | 2 | NA |
| ICAHN CHARTER SCHOOL 2 | |||||||||
| 767 FIFTH AVENUE SUITE 4700 | NEW YORK | NY | 10153 | 205846198 | SCHOOL | NY | 501(C)(3) | 2 | NA |
| ICAHN CHARTER SCHOOL 3 | |||||||||
| 767 FIFTH AVENUE 4700 | NEW YORK | NY | 10153 | 262271604 | SCHOOL | NY | 501(C)(3) | 2 | NA |
| CENTER FOR EDUCATIONAL INNOVATION | |||||||||
| 28 WEST 44TH STREET | NEW YORK | NY | 10036 | 134113613 | EDUCATION | NY | 501(C)(3) | 7 | NA |
| CHOATE ROSEMARY HALL | |||||||||
| 333 CHRISTIAN STREET | WALLINGFORD | CT | 06492 | 060910420 | SCHOOL | CT | 501(C)(3) | 2 | NA |
| NEIGHBORHOOD ASSOC FOR INTER-CULTURAL | |||||||||
| 1055 GRAND CONCOURSE | BRONX | NY | 10452 | 132995128 | HOUSING | NY | 501(C)(3) | 7 | NA |
| PRINCETON UNIVERSITY | |||||||||
| TREASURERS OFFICE BOX 35 | PRINCETON | NJ | 08543 | 210634501 | UNIVERSITY | NJ | 501(C)(3) | 2 | NA |
| ICAHN CHARTER SCHOOL 4 | |||||||||
| 767 FIFTH AVENUE 4700 | NEW YORK | NY | 10153 | 264674992 | SCHOOL | NY | 501(C)(3) | 2 | NA |
| NEW YORK CITY SCHOOL CONSTRUCTION AUTHOR | |||||||||
| 30-30 THOMSON AVENUE | LONG ISLAND CITY | NY | 11101 | 133535408 | CONSTRUCTION | NY | 6 | NA | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | true | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | true | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | false | SharingOfFacilities |
| Sharing Of Paid Employees | false | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (4 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| CHOATE ROSEMARY HALL | |
| B | 316206 |
| CEI - PEA | |
| B | 101000 |
| NYC SCHOOL CONSTRUCTION AUTHORITY | |
| B | 245348 |
| ICAHN CHARTER SCHOOL 1 | |
| I | 50000 |