FREUND FAM FOUNDATION: Form 990PF, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: FREUND FAM FOUNDATION (EIN 20-0000450)
Tax period: 2010-01-01 to 2010-12-31
Filed: 2011-06-30
IRS object ID: 201131819349100103
Schema version: 2010v3.2
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
Investments Corp Bonds Schedule
Investments Other Schedule2
Other Expenses Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-06-30T11:31:58-07:00	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	WEISS & COMPANY LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	22 WEST 38TH STREET	AddressLine1
City	NEW YORK	City
State	NY	State
ZIP Code	100186269	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnType
Tax Period Begin Date	2010-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	200000450	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	FREUND FAMILY FOUNDATION THE	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	FREU	NameControl
Phone	2129623362	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1382 EAST 23RD STREET	AddressLine1
City	BROOKLYN	City
State	NY	State
ZIP Code	112105113	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	MEIR FREUND	Name
Title	TRUSTEE	Title
Phone	2129623362	Phone
Date Signed	2011-05-10	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Name	ABRAHAM WEISS	Name
Phone	2123023400	Phone
Date Prepared	2011-06-30	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Exempt PF	X	ExemptPF
FMV Assets EOY	2295077	FMVAssetsEOY
Method Of Accounting Cash	X	MethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Received Rev And Expnss	200000	ContriReceivedRevAndExpnss
Interest On Savings Rev And Expnss	72262	InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm	72262	InterestOnSavingsNetInvstIncm
Interest On Savings Adj Net Incm	72262	InterestOnSavingsAdjNetIncm
Capital Gain Net Incm Net Invst Incm	0	CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses	272262	TotalRevenueAndExpenses
Total Net Investment Income	72262	TotalNetInvestmentIncome
Total Adjusted Net Income	72262	TotalAdjustedNetIncome
Accounting Fees Rev And Expnss	2940	AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm	2940	AccountingFeesNetInvstIncm
Accounting Fees Adj Net Incm	2940	AccountingFeesAdjNetIncm
Accounting Fees Dsbrs Chrtbl Prps	2940	AccountingFeesDsbrsChrtblPrps
Other Expenses Rev And Expnss	279	OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm	279	OtherExpensesNetInvstIncm
Other Expenses Adj Net Incm	279	OtherExpensesAdjNetIncm
Other Expenses Dsbrs Chrtbl Prps	279	OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss	3219	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	3219	TotOprExpensesNetInvstIncm
Tot Opr Expenses Adj Net Incm	3219	TotOprExpensesAdjNetIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	3219	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	121067	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	121067	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	124286	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	3219	TotalExpensesNetInvstIncm
Total Expenses Adj Net Incm	3219	TotalExpensesAdjNetIncm
Total Expenses Dsbrs Chrtbl Prps	124286	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	147976	ExcessOfRevenueOverExpenses
Net Investment Income	69043	NetInvestmentIncome
Adjusted Net Income	69043	AdjustedNetIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Cash BOY	986303	CashBOY
Cash EOY	1284279	CashEOY
Cash EOYFMV	1284279	CashEOYFMV
Savings And Temp Cash Invst BOY	245000	SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY	245000	SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV	245000	SavingsAndTempCashInvstEOYFMV
Investments Corp Bonds BOY	100000	InvestmentsCorpBondsBOY
Investments Corp Bonds EOY	200000	InvestmentsCorpBondsEOY
Investments Corp Bonds EOYFMV	195798	InvestmentsCorpBondsEOYFMV
Investments Other BOY	820000	InvestmentsOtherBOY
Investments Other EOY	570000	InvestmentsOtherEOY
Investments Other EOYFMV	570000	InvestmentsOtherEOYFMV
Total Assets BOY	2151303	TotalAssetsBOY
Total Assets EOY	2299279	TotalAssetsEOY
Total Assets EOYFMV	2295077	TotalAssetsEOYFMV
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Do Not Follow SFAS117	X	OrgThatDoNotFollowSFAS117
Retained Earnings BOY	2151303	RetainedEarningsBOY
Retained Earnings EOY	2299279	RetainedEarningsEOY
Total Net Assets BOY	2151303	TotalNetAssetsBOY
Total Net Assets EOY	2299279	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	2151303	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	2299279	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	2151303	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	147976	ExcessOfRevenueOverExpenses
Subtotal	2299279	Subtotal
Total Net Assets Fund Balances EOY	2299279	TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Qualifying Distributions Year1	85404	QualifyingDistributionsYear1
Noncharitable Assets Year1	1856202	NoncharitableAssetsYear1
Distribution Ratio Year1	0.046010	DistributionRatioYear1
Qualifying Distributions Year2	73766	QualifyingDistributionsYear2
Noncharitable Assets Year2	1552441	NoncharitableAssetsYear2
Distribution Ratio Year2	0.047516	DistributionRatioYear2
Qualifying Distributions Year3	125153	QualifyingDistributionsYear3
Noncharitable Assets Year3	1307611	NoncharitableAssetsYear3
Distribution Ratio Year3	0.095711	DistributionRatioYear3
Qualifying Distributions Year4	105302	QualifyingDistributionsYear4
Noncharitable Assets Year4	1051682	NoncharitableAssetsYear4
Distribution Ratio Year4	0.100127	DistributionRatioYear4
Qualifying Distributions Year5	162593	QualifyingDistributionsYear5
Noncharitable Assets Year5	509088	NoncharitableAssetsYear5
Distribution Ratio Year5	0.319381	DistributionRatioYear5
Total Distribution Ratio	0.608745	TotalDistributionRatio
Average Distribution Ratio	0.121749	AverageDistributionRatio
Net Noncharitable Assets	2149144	NetNoncharitableAssets
Adjusted Noncharitable Assets	261656	AdjustedNoncharitableAssets
One Percent Net Investment Income	690	OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One	262346	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	124286	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Investment Income Excise Tax	1381	InvestmentIncomeExciseTax
Tax Under Section511	0	TaxUnderSection511
Subtotal	1381	Subtotal
Tax Based On Investment Income	1381	TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment	339	EstTaxPaymentsAndOverpayment
Total Credits And Payments	339	TotalCreditsAndPayments
Tax Paid Original Return	339	TaxPaidOriginalReturn
Form2220 Attached	X	Form2220Attached
Penalty For Underpayment	27	PenaltyForUnderpayment
Tax Due	1069	TaxDue
Amount Credited To Next Year	0	AmountCreditedToNextYear

Statements Regarding Activities StatementsRegardingActivities

Field	Value	IRS element (for citing)
Legislative Political Activities	false	LegislativePoliticalActivities
More Than100 Spent	false	MoreThan100Spent
Form1120 POL Filed	false	Form1120POLFiled
Activities Not Prev Reported	false	ActivitiesNotPrevReported
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylaws
Unrelated Bus Income Over1000	false	UnrelatedBusIncomeOver1000
Termination Etc	false	TerminationEtc
Requirements Of Sect508e	true	RequirementsOfSect508e
At Least5000 In Assets	true	AtLeast5000InAssets
States Filed With	NY	StatesFiledWith
Form990 PF Filed With AG	true	Form990PFFiledWithAG
Private Operating Foundation	false	PrivateOperatingFoundation
New Substantial Contributors	false	NewSubstantialContributors
Interest In Controlled Entity	false	InterestInControlledEntity
Applicable Insurance Contract	false	ApplicableInsuranceContract
Comply With Public Inspection Rqr	true	ComplyWithPublicInspectionRqr
Website Address	N/A	WebsiteAddress
Books In Care Of Person Name	MEIR AND BELLA FREUND	BooksInCareOfPersonName
Books In Care Of Phone Number	2129623362	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	1382 EAST 23RD STREET	AddressLine1
City	BROOKLYN	City
State	NY	State
ZIP Code	122105113	ZIPCode

Field	Value	IRS element (for citing)
Foreign Bank	false	ForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

Field	Value	IRS element (for citing)
Sale Or Exchange With Dsqfly Person	false	SaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly Person	false	BorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly Person	false	FurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly Person	false	PayCompensationToDsqflyPerson
Transfer Assets To Dsqfly Person	false	TransferAssetsToDsqflyPerson
Payment To Government Offical	false	PaymentToGovernmentOffical
Uncorrected Prior Acts	false	UncorrectedPriorActs
Undistributed Income Prior Years	false	UndistributedIncomePriorYears
Undistr Income4942a2 Not Applied	false	UndistrIncome4942a2NotApplied
Business Holdings	false	BusinessHoldings
Jeopardy Investments	false	JeopardyInvestments
Uncorrected Jeopardy Investments	false	UncorrectedJeopardyInvestments
Influence Legislation	false	InfluenceLegislation
Influence Election	false	InfluenceElection
Grants To Individuals	false	GrantsToIndividuals
Grants To Organizations	false	GrantsToOrganizations
Noncharitable Purpose	false	NoncharitablePurpose
Rcv Funds To Pay Prsnl Bnft Contract	false	RcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft Contract	false	PayPremiumsPrsnlBnftContract
Prohibited Tax Shelter Transactn	false	ProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (2 entries)

Address Line1USAddress/AddressLine1	CityUSAddress/City	StateUSAddress/State	ZIP CodeUSAddress/ZIPCode	TitleTitle	Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition	CompensationCompensation	Contri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtc	Expense Account Other AllowancesExpenseAccountOtherAllowances
MEIR FREUND
1382 EAST 23RD STREET	BROOKLYN	NY	11210	TRUSTEE	2.00	0	0	0
BELLA FREUND
1382 EAST 23RD STREET	BROOKLYN	NY	11210	TRUSTEE	2.00	0	0	0

Field	Value	IRS element (for citing)
Comp Of Highest Paid Empl NONE	NONE	CompOfHighestPaidEmplNONE
Tot Number Of Oth Empl Paid Over50k	0	TotNumberOfOthEmplPaidOver50k
Comp Of Hghst Paid Cntrct NONE	NONE	CompOfHghstPaidCntrctNONE
Tot Number Of Cntrct Paid Over50k	0	TotNumberOfCntrctPaidOver50k

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	136018	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	1359187	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	686667	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	2181872	TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets	2181872	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	32728	CashDeemedCharitable
Net Noncharitable Assets	2149144	NetNoncharitableAssets
Minimum Investment Return	107457	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	107457	MinimumInvestmentReturn
Tax Based On Investment Income	1381	TaxBasedOnInvestmentIncome
Total Tax	1381	TotalTax
Distributable Amount Before Adj	106076	DistributableAmountBeforeAdj
Distributable Amount Before Ded	106076	DistributableAmountBeforeDed
Distributable Amount As Adjusted	106076	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	124286	ExpensesAndContributions
Qualifying Distributions	124286	QualifyingDistributions
Adj Qualifying Distributions	124286	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	106076	DistributableAmountAsAdjusted
Excess Distri Carryover Year5	137716	ExcessDistriCarryoverYear5
Excess Distri Carryover Year4	54033	ExcessDistriCarryoverYear4
Excess Distri Carryover Year3	61805	ExcessDistriCarryoverYear3
Total Excess Distri Carryover	253554	TotalExcessDistriCarryover
Qualifying Distributions	124286	QualifyingDistributions
Applied To Current Year	106076	AppliedToCurrentYear
Remaining Distri From Corpus	18210	RemainingDistriFromCorpus
Total Corpus	271764	TotalCorpus
Undistributed Income CY	0	UndistributedIncomeCY
Excess Distri Cyov From Year5	137716	ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year	134048	ExcessDistriCyovToNextYear
Excess From Year4	54033	ExcessFromYear4
Excess From Year3	61805	ExcessFromYear3
Excess From Current Year	18210	ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Contributing Manager	MEIR AND BELLA FREUND	ContributingManager
Shareholder Manager	NONE	ShareholderManager
Only Contributes To Preselected	X	OnlyContributesToPreselected

Appication Submission Info AppicationSubmissionInfo (2 entries)

Recipient NameRecipientName	Address Line1RecipientUSAddress/AddressLine1	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Recipient Phone NumberRecipientPhoneNumber	Form And Info And MaterialsFormAndInfoAndMaterials	Submission DeadlinesSubmissionDeadlines	Restrictions On AwardsRestrictionsOnAwards
MEIR AND BELLA FREUND	1382 EAST 23RD STREET	BROOKLYN	NY	112105113	2129623362
MEIR FREUND	1382 EAST 23RD STREET	BROOKLYN	NY	112105113	2123023400	NO RESTRICTIONS	NONE	NONE

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (3 entries)

Address Line1RecipientUSAddress/AddressLine1	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Recipient Foundation StatusRecipientFoundationStatus	Purpose Of Grant Or ContributionPurposeOfGrantOrContribution	AmountAmount
OHEL CHILDRENS HOME
257 EAST BROADWAY	NEW YORK	NY	10002	N/A	CHARITABLE	$72,000
CONGREGATION KHAL SASREGEN
1253 EAST 24TH STREET	BROOKLYN	NY	11210	N/A	CHARITABLE	$23,415
MISC ORGANIZED CHARITIES
VARIOUS	BROOKLYN	NY	11219	N/A	CHARITABLE	$25,652

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	121067	TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Program Service Revenue Part VII ProgramServiceRevenuePartVII

Field	Value	IRS element (for citing)
Description	N/A	Description

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$72,262	ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Exclusion	$72,262	ExclusionAmount

Field	Value	IRS element (for citing)
Total Part XVIA	72262	TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Noncharitable EO	false	TrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EO	false	TrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssets
Purchase Assets Noncharitable EO	false	PurchaseAssetsNoncharitableEO
Rental Of Facilities Etc	false	RentalOfFacilitiesEtc
Reimbursement Arrangements	false	ReimbursementArrangements
Loans Or Loan Guarantees	false	LoansOrLoanGuarantees
Performance Of Services Etc	false	PerformanceOfServicesEtc
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtc
Relationships Noncharitable E Os	false	RelationshipsNoncharitableEOs

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	X	Organization501c3ExemptPF
General Rule	X	GeneralRule

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	1	ContributorNumber
Contributor Name Individual	MEIR AND BELLA FREUND	ContributorNameIndividual

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	1382 EAST 23RD STREET	AddressLine1
City	BROOKLYN	City
State	NY	State
ZIP Code	112105113	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	200000	AggregateContributions
Person Contribution Type	X	PersonContributionType

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corp Bonds InvestmentsCorpBonds (2 entries)

Name Of BondNameOfBond	EOY Book ValueEOYBookValue	EOYFMVEOYFMV
MORGAN STANLEY CAP TR VI	100000	94800
15NC1Y STEP U[ CALLABLE	100000	100998

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOther

Field	Value	IRS element (for citing)
Category Or Item	NOTES RECEIVABLE	CategoryOrItem
Book Value	570000	BookValue
EOYFMV	570000	EOYFMV

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (2 entries)

DescriptionDescription	Revenue And Expenses Per BooksRevenueAndExpensesPerBooks	Net Investment IncomeNetInvestmentIncome	Adjusted Net IncomeAdjustedNetIncome	Disbursements Charitable PrpsDisbursementsCharitablePrps
NYS DEPT OF LAW	250	250	250	250
BANK CHARGES	29	29	29	29