RIVERS FOUNDATION: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- RIVERS FOUNDATION (EIN 27-0167279)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-04-18
- IRS object ID
- 202421099349101502
- Schema version
- 2023v5.0
- 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
- Depreciation Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Liquidation Explanation Stmt
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-04-18T09:13:12-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3333 New Hyde Park Rd Ste 406 | AddressLine1Txt |
| City | New Hyde Park | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11042 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 270167279 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Rivers Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Foundation Source | InCareOfNm |
| Business Name Control | RIVE | BusinessNameControlTxt |
| Phone | 8008391754 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Foundation Source 501 Silverside Rd | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PHILIP RIVERS | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2024-04-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | PHILIP | PersonFirstNm |
| Person Last | RIVERS | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jeffrey D Haskell | PreparerPersonNm |
| PTIN | P01345770 | PTIN |
| Phone | 8008391754 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | TrustedCustomerGrp |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $1,961,591 | 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 | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $414 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $414 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $78,741 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $78,741 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$79,171 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,543,744 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $76 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $76 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $60 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $79,231 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $17,086 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $17,086 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $2,200 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $192 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $17,835 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $47 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $17,788 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $37,121 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $17,325 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $17,788 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $623,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $623,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $660,121 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $17,325 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $640,788 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$660,061 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $61,906 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $134,894 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $74,958 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $74,958 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $1,868,283 | CorporateStockBOYAmt |
| Corporate Stock EOY | $1,242,308 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $1,370,783 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $466,427 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $492,277 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $515,850 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $2,469,604 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,809,543 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $1,961,591 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $2,469,604 | RetainedEarningBOYAmt |
| Retained Earning EOY | $1,809,543 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $2,469,604 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $1,809,543 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $2,469,604 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $1,809,543 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $2,469,604 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$660,061 | ExcessRevenueOverExpensesAmt |
| Subtotal | $1,809,543 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $1,809,543 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | Publicly-traded Securities | PropertyDesc |
| Gross Sales Price | $1,543,744 | GrossSalesPriceAmt |
| Cost Or Other Basis | $1,622,915 | CostOrOtherBasisAmt |
| Gain Or Loss | -$79,171 | GainOrLossAmt |
| Gains Minus Excess Or Losses | -$79,171 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$79,171 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $860 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $860 | SubtotalAmt |
| Tax Based On Investment Income | $860 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $1,400 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $1,400 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $540 | OverpaymentAmt |
| Applied To ES Tax | $540 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | Yes (true) | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | DE | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8008391754 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 501 Silverside Road Suite 123 | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| Philip M Rivers | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Pres, Dir, Sec | 1.0 | $0 | $0 | $0 |
| Tiffany Rivers | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, VP | 1.0 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp | |
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $1,791,442 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $107,314 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $490,071 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $2,388,827 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $2,388,827 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $35,832 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $2,352,995 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $117,650 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $117,650 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $860 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $860 | TotalTaxAmt |
| Distributable Before Adj | $116,790 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $116,790 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $116,790 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $640,788 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $640,788 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $116,790 | DistributableAsAdjustedAmt |
| Prior Year1 | 2021 | PriorYear1Yr |
| Prior Year2 | 2020 | PriorYear2Yr |
| Prior Year3 | 2019 | PriorYear3Yr |
| Excess Distribution Cyov Yr5 | $93,575 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $698,682 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $314,882 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr1 | $333,159 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $1,440,298 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $640,788 | QualifyingDistributionsAmt |
| Applied To Current Year | $116,790 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $523,998 | RemainingDistriFromCorpusAmt |
| Total Corpus | $1,964,296 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $93,575 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $1,870,721 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $698,682 | ExcessFromYear4Amt |
| Excess From Year3 | $314,882 | ExcessFromYear3Amt |
| Excess From Year1 | $333,159 | ExcessFromYear1Amt |
| Excess From Current Year | $523,998 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Philip M Rivers | ContributingManagerNm |
| Contributing Manager | Tiffany Rivers | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| FELLOWSHIP OF CATHOLIC UNIVERSITY STUDENTS | |||||||
| PO BOX 17408 | DENVER | CO | 80217 | N/A | PC | General & Unrestricted | $1,000 |
| ST LAWRENCE PARISH | |||||||
| 370 S SECTION ST | FAIRHOPE | AL | 36532 | N/A | PC | General & Unrestricted | $22,000 |
| ST MICHAEL CATHOLIC HIGH SCHOOL | |||||||
| 11732 HIGBEE RD | FAIRHOPE | AL | 36532 | N/A | PC | Athletic Department capital campaign (stadium) | $600,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $623,000 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $414 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $78,741 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Income | OtherInvestmentIncomeGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$79,171 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CLASS ACTION LAWSUIT PROCEEDS | Desc |
| Exclusion | 01 | ExclusionCd |
| Exclusion | $76 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $60 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $60 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Depreciation Schedule DepreciationSchedule
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (148 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ABBOTT LABS | $1,797 | $2,193 |
| ACAP STRATEGIC FUND | $66,794 | $85,244 |
| ACCENTURE PLC | $1,600 | $2,585 |
| ADOBE SYSTEMS, INC | $2,706 | $4,073 |
| AIRBNB | $731 | $743 |
| ALIBABA GROUP HOLDING LTD | $11 | $10 |
| ALIGN TECHNOLOGY, INC | $379 | $509 |
| ALLIANCEBERNSTEIN SMALL CAP GR | $13,809 | $14,471 |
| ALLIANZ SE | $1,108 | $1,869 |
| ALPHABET INC CL A | $2,230 | $3,778 |
| ALPHABET INC CL C | $2,547 | $4,950 |
| ALTRIA GROUP INC | $534 | $491 |
| AMAZON COM | $10,004 | $13,535 |
| AMG GW&K SMALL CAP VALUE FUND | $12,988 | $14,035 |
| ARTISAN MID CAP FUND ADVISOR S | $14,917 | $13,871 |
| AT&T, INC | $215 | $233 |
| AUTODESK, INC | $3,624 | $4,056 |
| BANCO SANTANDER CEN | $1,311 | $2,211 |
| BANK OF AMERICA CORP | $926 | $1,100 |
| BCE INC | $57 | $56 |
| BLOCK INC | $166 | $223 |
| BOEING CO | $2,688 | $3,871 |
| BOUYGUES SA UNSP | $1,499 | $1,785 |
| BP PLC SPONSORED ADR | $1,181 | $1,792 |
| BROADCOM INC | $580 | $876 |
| CHEVRON CORP | $819 | $839 |
| CHUBB LIMITED | $834 | $991 |
| CISCO SYSTEMS INC | $942 | $913 |
| CITIGROUP INC | $765 | $893 |
| COMCAST CORP | $658 | $738 |
| COMPAGNIE DE SAINT G | $683 | $1,549 |
| CONOCOPHILLIPS | $459 | $561 |
| CONTL AG SPONS ADR | $587 | $862 |
| CROWN CASTLE INTL | $335 | $420 |
| DEERE CO | $140 | $381 |
| DIAGEO PLC ADS | $471 | $440 |
| DOW INC | $572 | $607 |
| DUKE ENERGY CO | $888 | $898 |
| ELI LILLY & CO | $597 | $600 |
| ENEL SOCIETA PER AZI | $2,223 | $2,322 |
| EXPEDITORS INTL WASH INC | $640 | $1,073 |
| EXXON MOBIL CORP | $570 | $766 |
| FACTSET RESH SYST INC | $598 | $1,026 |
| FUJIFILM HOLDINGS ADR NPV | $1,522 | $1,646 |
| FUJITSU LTD ADR OTC | $565 | $686 |
| GARTNER INC | $337 | $1,435 |
| GEN DYNAMICS CP | $761 | $888 |
| GENUINE PARTS COMPANY | $842 | $886 |
| GQG PARTNERS EMERGING MARKETS | $22,393 | $26,329 |
| GSK PLC | $1,209 | $1,259 |
| HARRIS ASSOCIATION INVT TRUST | $4,192 | $8,330 |
| HEALTHPEAK PROPERTIES INC | $1 | $1 |
| HITACHI LTD | $1,126 | $1,462 |
| HONDA MOTOR CO LTD | $1,267 | $1,733 |
| ILLUMINA INC COM | $39 | $40 |
| IMPERIAL BRANDS PL | $1,651 | $1,757 |
| INTEL CORP | $341 | $478 |
| INTUITIVE SURGICAL | $721 | $871 |
| INVESCO DYNAMIC LARGE CAP VALU | $25,025 | $35,061 |
| ISHARES 20+ YR TREAS BD | $9,359 | $10,185 |
| ISHARES BARCLAYS SHORT TREASUR | $34,826 | $34,691 |
| ISHARES MORNINGSTAR MID CAP VA | $12,494 | $13,476 |
| ISHARES S&P 500 INDEX FD | $36,012 | $39,339 |
| ISHARES TRUST MSCI EAFE INDEX | $8,923 | $9,268 |
| ISHARES TRUST RUSSELL 1000 GRO | $10,428 | $10,914 |
| ISHARES TRUST RUSSELL 1000 VAL | $5,336 | $5,619 |
| JOHNSON & JOHNSON | $24 | $24 |
| JOHNSON CONTROLS INTERNATIONAL | $878 | $944 |
| JP MORGAN CHASE | $906 | $1,291 |
| KAO CORP | $1,011 | $1,118 |
| KENVUE INC | $849 | $946 |
| KERING UNSPON ADR EA REPR 0.1 | $475 | $504 |
| KINGFISHER PLC | $514 | $599 |
| KONINKLIJKE PHILIPS ELECTRONIC | $1,244 | $1,930 |
| KYOCERA CORP ADR | $973 | $1,040 |
| LAZARD EMERGING MARKETS CORE E | $23,656 | $25,793 |
| LLOYDS BANKING GROUP PLC | $929 | $1,185 |
| LOWES COMPANIES INC | $488 | $682 |
| MASTERCARD INC | $2,263 | $3,191 |
| MEDTRONIC PLC | $532 | $541 |
| MERCK & CO INC | $788 | $885 |
| META PLATFORMS INC | $2,737 | $5,181 |
| MICROSOFT CORP | $6,343 | $9,689 |
| MITSUBISHI ELEC UNSP/ADR | $1,277 | $1,455 |
| MONDI PLC ADR | $314 | $353 |
| MONSTER BEVERAGE CORP | $1,343 | $2,085 |
| MORGAN STANLEY | $846 | $1,212 |
| NETFLIX INC | $3,605 | $6,027 |
| NEXTERA ENERGY, INC | $1,093 | $965 |
| NIKE INC-CL B | $829 | $1,104 |
| NOVARTIS AG ADR | $3,098 | $3,709 |
| NOVO NORDISK A S | $2,159 | $2,678 |
| NVIDIA CORP | $1,821 | $4,888 |
| OAKMARK INTERNATIONAL FUND | $30,984 | $44,766 |
| OPPENHEIMER INTL GROWTH FUND Y | $42,799 | $41,392 |
| ORACLE CORP | $1,719 | $2,698 |
| PAYPAL HOLDINGS, INC | $504 | $525 |
| PFIZER INC | $715 | $616 |
| PHILIP MORRIS INTL | $931 | $986 |
| PIMCO SHORT TERM FUND P | $2,297 | $2,314 |
| PRUDENTIAL TOTAL RETURN BD FD | $8,259 | $8,646 |
| QUALCOMM INC | $728 | $1,178 |
| RAYTHEON TECHNOLOGIES CORP | $681 | $775 |
| REGENERON PHARMACEUTICALS INC | $833 | $1,519 |
| ROCHE HOLDING LTD ADR | $2 | $2 |
| SALESFORCE.COM | $3,994 | $5,579 |
| SANDOZ GROUP AG | $208 | $288 |
| SANOFI-AVENTIS SPONSORED ADR | $1,431 | $1,655 |
| SECOM CO LTD ADR OTC | $1,001 | $1,088 |
| SEI INVESTMENTS | $733 | $825 |
| SERVICE NOW | $2,477 | $4,590 |
| SHELL ADR EACH REPRESENTING 2 | $885 | $1,823 |
| SHOPIFY INC | $832 | $1,394 |
| SIEMENS AG | $616 | $808 |
| SINGAPORE TELE ADR | $474 | $501 |
| SNAM SPA ADR | $395 | $412 |
| SONY GROUP CORP | $1,910 | $2,080 |
| SSE PLC SPON ADR | $650 | $1,122 |
| STARBUCKS CORP COM | $956 | $1,128 |
| TAIWAN SEMICONDUCTOR MFG CO LT | $560 | $955 |
| TAKEDA PHARMACEUTICAL COMPANY | $1,164 | $928 |
| TARGET CORPORATION | $758 | $914 |
| TESCO PLC S ADR | $941 | $982 |
| TESLA MOTORS INC | $2,276 | $3,067 |
| THERMO FISHER SCIENTIFIC INC | $32 | $39 |
| THORNBURG LIMITED TERM INCOME | $102,344 | $104,516 |
| TOYOTA INDUSTRIES CORPORATION | $1,179 | $1,740 |
| TRAVELERS COMPANIES INC | $481 | $540 |
| TRUIST FINANCIAL CORPORATION | $679 | $882 |
| UNILEVER PLC AMER | $794 | $727 |
| UNITED OVRSEAS BK LTD ADR | $1,355 | $1,823 |
| UNITED PARCEL SERVICE | $26 | $26 |
| UNITEDHEALTH GROUP INC | $1,287 | $2,107 |
| UPM KYMMENE CORP | $252 | $291 |
| VANGUARD LT GOV BOND ETF | $53,329 | $57,161 |
| VANGUARD ST BOND ETF | $306,474 | $309,698 |
| VANGUARD TOTAL BOND MARKET ETF | $252,168 | $259,412 |
| VERTEX PHARMCTLS INC | $1,045 | $1,805 |
| VICI PROPERTIES INC | $25 | $26 |
| VIRTUS MULTI-SECTOR SHRT TRM B | $62 | $64 |
| VISA INC | $4,864 | $6,658 |
| WALT DISNEY HOLDINGS CO | $1,098 | $1,180 |
| WH GROUP LIMITED SPON ADR EACH | $16 | $12 |
| WORKDAY INC | $1,910 | $2,303 |
| WPP PLC | $741 | $698 |
| YUM BRANDS INC | $454 | $750 |
| YUM CHINA HOLDINGS INC | $356 | $335 |
| ZOETIS INC | $1,076 | $1,622 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | IRONWOOD MULTI-STRATEGY LLC | CategoryOrItemTxt |
| Book Value | $492,277 | BookValueAmt |
| EOYFMV | $515,850 | EOYFMVAmt |
Liquidation Explanation Stmt LiquidationExplanationStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2023, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $623,000. This amount represents 25% or more of the Foundation's net assets of $2,396,629 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2023. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein. | ExplanationTxt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Administrative Fees | $17,763 | $17,763 | |
| Bank Charges | $47 | $47 | |
| State or Local Filing Fees | $25 | $25 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Class Action Lawsuit Proceeds | Desc |
| Revenue And Expenses Per Books | $76 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $76 | NetInvestmentIncomeAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment Management Services | CategoryTxt |
| Amt | $17,086 | Amt |
| Net Investment Income | $17,086 | NetInvestmentIncomeAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| 990-PF Estimated Tax for 2023 | $1,400 | |
| 990-PF Excise Tax for 2022 | $608 | |
| Foreign Tax Paid | $192 | $192 |
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