ERNEST GALLO FOUNDATION: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- ERNEST GALLO FOUNDATION (EIN 94-6061537)
- Tax period
- 2020-11-01 to 2021-10-31
- Filed
- 2022-09-15
- IRS object ID
- 202242589349100249
- Schema version
- 2020v4.2
- 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
- Accounting Fees Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-09-15T14:38:05-05:00 | ReturnTs |
| Tax Period End | 2021-10-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 910189318 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MOSS ADAMS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 265 E RIVER PARK CIRCLE STE 110 | AddressLine1Txt |
| City | FRESNO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 93720 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2020-11-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 946061537 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERNEST GALLO FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ERNE | BusinessNameControlTxt |
| Phone | 2093413395 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1130 | AddressLine1Txt |
| City | MODESTO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95353 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MATTHEW I FRIEDRICH | PersonNm |
| Person Title | SECRETARY | PersonTitleTxt |
| Phone | 2093413395 | PhoneNum |
| Signature | 2022-09-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MATTHEW | PersonFirstNm |
| Person Last | FRIEDRICH | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | TRACY S PAGLIA | PreparerPersonNm |
| PTIN | P00366884 | PTIN |
| Phone | 5593895700 | PhoneNum |
| Preparation | 2022-09-15 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | 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 | $64,412,349 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $58 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $61 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $644,502 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $680,872 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $5,355,178 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $14,273,940 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $5,453,993 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $26 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | -$1,463 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $5,999,764 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $6,133,463 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $65,336 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $32,668 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $32,668 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $238,364 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $286,697 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $142,109 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $4,119 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Net Invst Incm | $1,409 | DeprecAndDpltnNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $1,297 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $1,297 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $447,106 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $324,893 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $33,965 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,325,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,325,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,772,106 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $324,893 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,358,965 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $4,227,658 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $5,808,570 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $3,894,322 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $3,745,982 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $3,745,982 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $21,631,719 | CorporateStockBOYAmt |
| Corporate Stock EOY | $26,635,688 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $38,919,325 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $612,920 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $715,501 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $718,120 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $11,363,701 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $10,633,149 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $21,028,922 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $37,502,662 | TotalAssetsBOYAmt |
| Total Assets EOY | $41,730,320 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $64,412,349 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $37,502,662 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $41,730,320 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $37,502,662 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $41,730,320 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $37,502,662 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $41,730,320 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $37,502,662 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $4,227,658 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $41,730,320 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $41,730,320 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|---|---|
| PUBLICLY TRADED SECURITIES | 2020-11-01 | 2021-10-31 | $10,408,798 | $7,269,029 | $3,139,769 | $3,139,769 | |
| ALTERNATIVE INVESTMENTS | 2020-11-01 | 2021-10-31 | $98,815 | $98,815 | $98,815 | P | |
| BLACK DIAMOND LIMITED | 2014-11-01 | 2021-03-31 | $3,761,098 | $1,250,000 | $2,511,098 | $2,511,098 | P |
| HUGOTON ROYALTY TRUST | 2012-07-10 | 2021-10-31 | $5,229 | $300,918 | -$295,689 | -$295,689 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $5,453,993 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $80,739 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $80,739 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $80,739 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $135,146 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $135,146 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $54,407 | OverpaymentAmt |
| Applied To ES Tax | $54,407 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ORGANIZATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2093413395 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1130 | AddressLine1Txt |
| City | MODESTO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95353 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 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 |
|---|---|---|---|---|---|---|---|---|
| JOSEPH E GALLO | ||||||||
| PO BOX 1130 | MODESTO | CA | 95353 | PRESIDENT | 0.00 | $0 | $0 | $0 |
| MATTHEW I FRIEDRICH | ||||||||
| PO BOX 1130 | MODESTO | CA | 95353 | SECRETARY | 0.00 | $0 | $0 | $0 |
| MARY C GALLO | ||||||||
| PO BOX 1130 | MODESTO | CA | 95353 | TREASURER | 0.00 | $0 | $0 | $0 |
| ERNEST J GALLO | ||||||||
| PO BOX 1130 | MODESTO | CA | 95353 | VICE PRESIDENT | 0.00 | $0 | $0 | $0 |
| CHRISTOPHER D GALLO | ||||||||
| PO BOX 1130 | MODESTO | CA | 95353 | VICE PRESIDENT | 0.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UBS FINANCIAL SERVICES INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 301 COMMERCE STREET SUITE 2800 | AddressLine1Txt |
| City | FORT WORTH | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 76102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | FINANCIAL MANAGEMENT | ServiceTypeTxt |
| Compensation | $238,364 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $36,051,691 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $4,217,397 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $20,502,740 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $60,771,828 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $60,771,828 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $911,577 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $59,860,251 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,993,013 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $2,993,013 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $80,739 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $80,739 | TotalTaxAmt |
| Distributable Before Adj | $2,912,274 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $2,912,274 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $2,912,274 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,358,965 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,358,965 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,358,965 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $2,912,274 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr3 | $4,557,064 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $170,978 | ExcessDistributionCyovYr2Amt |
| Total Excess Distribution Cyov | $4,728,042 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,358,965 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $1,358,965 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $1,553,309 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $1,553,309 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $3,174,733 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $3,174,733 | ExcessDistriCyovToNextYrAmt |
| Excess From Year3 | $3,003,755 | ExcessFromYear3Amt |
| Excess From Year2 | $170,978 | ExcessFromYear2Amt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | JOSEPH E GALLO | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| GALLO CENTER FOR THE ARTS | ||||||
| 1000 I ST | MODESTO | CA | 95354 | PC | TO SUPPORT PERFORMING ARTS EDUCATION AND ACTIVITIES | $75,000 |
| JORDAN'S GUARDIAN ANGELS | ||||||
| 1121 L ST SUITE 100 | SACRAMENTO | CA | 95814 | PC | TO FACILITATE RESEARCH ON RARE DISEASES | $100,000 |
| UNIVERSITY OF NOTRE DAME | ||||||
| 400 MAIN BLDG | NOTRE DAME | IN | 46556 | PC | GENERAL OPERATIONS | $1,000,000 |
| JOHN BURTON ADVOCATES FOR YOUTH | ||||||
| 235 MONTGOMERY ST 1142 | SAN FRANCISCO | CA | 94104 | PC | TO IMPROVE QUALITY OF LIFE FOR HOMLESS YOUTH OR YOUTH IN FOSTER CARE | $100,000 |
| STANFORD UNIVERSITY | ||||||
| PO BOX 20466 | STANFORD | CA | 94309 | PC | HOOVER HOUSE | $50,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,325,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $58 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $644,502 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $26 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $5,355,178 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $5,999,764 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $5,999,764 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $65,336 | Amt |
| Net Investment Income | $32,668 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $32,668 | DisbursementsCharitablePrpsAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (6 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ABBOTT LABORATORIES NTS | $106,088 | $104,867 |
| APPLE INC | $101,234 | $101,315 |
| GENERAL DYNAMICS CORP | $104,670 | $104,276 |
| IBM CORP | $100,265 | $101,379 |
| INTEL CORP | $100,959 | $102,041 |
| UNITEDHEALTH GROUP INC | $202,285 | $204,242 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (131 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ABBVIE INC | $152,073 | $222,460 |
| ACCENTURE PLC | $32,625 | $116,607 |
| ADOBE INC | $44,160 | $297,865 |
| ALPHABET INC | $47,842 | $124,547 |
| ALPHABET INC | $103,323 | $346,428 |
| ALPHABET INC | $78,821 | $284,248 |
| AMAZON COM INC | $112,192 | $209,091 |
| AMAZON COM INC | $151,885 | $239,443 |
| AMER EXPRESS CO | $136,046 | $242,076 |
| AMER FUNDS EUROPACIFIC GROWTH FUND | $3,753,578 | $5,735,784 |
| AMERIPRISE FINANCIAL INC | $96,083 | $200,010 |
| APPLE INC | $136,276 | $365,063 |
| APPLE INC | $37,572 | $136,618 |
| ARES MANAGEMENT CORPORATION | $159,138 | $212,274 |
| ARGONAUT GOLD INC | $646,071 | $227,700 |
| ARROW ELECTRONICS INC | $118,296 | $139,942 |
| AUTOZONE INC | $114,003 | $265,941 |
| AVALONBAY COMMUNITIES INC | $64,868 | $68,637 |
| BAKER HUGHES CO | $54,900 | $63,051 |
| BANK OF AMER CORP | $282,181 | $1,538,516 |
| BANK OF AMER CORP | $147,248 | $253,998 |
| BOEING COMPANY | $62,574 | $63,144 |
| BORGWARNER INC | $63,483 | $61,971 |
| BROADCOM INC | $156,279 | $256,797 |
| CADENCE DESIGN SYSTEM | $33,206 | $273,341 |
| CAPITAL ONE FINCL CORP | $144,097 | $173,987 |
| CHEVRON CORP | $160,857 | $244,322 |
| CISCO SYSTEMS INC | $137,843 | $185,541 |
| CME GROUP INC | $167,895 | $215,036 |
| COGNEX CORP | $66,492 | $83,123 |
| COMCAST CORP | $165,366 | $205,154 |
| COMERICA INC | $74,771 | $89,345 |
| CONOCOPHILIPS | $153,439 | $240,975 |
| COSTCO WHOLESALE CO | $160,383 | $205,464 |
| CUMMINS INC | $148,389 | $203,384 |
| DECKERS OUTDOOR CORP | $89,946 | $244,302 |
| DODGE & COX INTERNATIONAL STOCK FUND | $1,500,000 | $1,465,268 |
| DOVER CORP | $109,287 | $200,022 |
| DUPONT DE NEMOURS INC | $65,232 | $61,805 |
| EASTMAN CHEMICAL CO | $64,798 | $55,864 |
| EMCOR GROUP INC | $113,538 | $159,881 |
| ENCOMPASS HEALTH CORP | $178,846 | $147,078 |
| ENVISTA HOLDINGS CORP | $137,237 | $148,189 |
| EPAM SYSTEMS INC | $71,666 | $279,395 |
| EQUITY RESIDENTIAL SBI | $75,820 | $88,992 |
| EXXON MOBIL CORP | $1,047,798 | $1,166,907 |
| FACEBOOK INC | $128,101 | $215,821 |
| FACEBOOK INC | $123,200 | $222,940 |
| FIRST EAGLE GLOBAL FUNDS CLASS I | $3,425,218 | $4,423,181 |
| FORD MOTOR CO COM | $62,371 | $93,376 |
| FORTINET INC | $71,268 | $296,316 |
| GARMIN LTD | $37,691 | $104,254 |
| GENUINE PARTS CO | $153,126 | $245,176 |
| HALLIBURTON CO HOLDING COMPANY | $62,438 | $84,341 |
| HCA HEALTHCARE INC | $181,126 | $186,092 |
| HOME DEPOT INC | $117,489 | $189,587 |
| HOME DEPOT INC | $190,086 | $268,025 |
| HONEYWELL INTL INC | $114,964 | $214,029 |
| HUNTINGTON BANCSHARES | $71,793 | $70,799 |
| INTERCONTINENTAL EXCHANGE GROUP | $54,662 | $83,491 |
| INTERPUBLIC GROUP OF COS INC | $136,388 | $236,059 |
| INTL PAPER CO | $51,198 | $48,875 |
| INTL PAPER CO | $86,177 | $91,740 |
| IQVIA HOLDINGS INC | $161,125 | $180,903 |
| JOHNSON & JOHNSON | $143,872 | $167,766 |
| JOHNSON & JOHNSON | $194,743 | $222,983 |
| JPMORGAN CHASE & CO | $64,058 | $70,334 |
| JPMORGAN CHASE & CO | $120,246 | $164,454 |
| JPMORGAN CHASE & CO | $121,514 | $233,259 |
| KEURIG DR PEPPER INC | $152,062 | $151,506 |
| KEYCORP | $144,838 | $269,001 |
| KLA CORP | $160,252 | $200,172 |
| LAMAR ADVERTISING CO | $130,541 | $219,042 |
| LEAR CORP COM NEW | $71,844 | $62,382 |
| LEGGETT & PLATT INC | $179,918 | $193,725 |
| LOWES COMPANIES INC | $118,474 | $188,927 |
| MARATHON PETROLEUM CO | $65,021 | $75,820 |
| MASTERCARD INC | $91,496 | $211,378 |
| MCKESSON CORP | $60,358 | $88,557 |
| MDC HOLDINGS INC | $88,768 | $161,928 |
| MEDTRONIC PLC | $163,351 | $217,426 |
| MERCK & CO INC | $104,095 | $112,880 |
| METTLER-TOLEDO INTL | $54,144 | $96,257 |
| MICROSOFT CORP | $38,783 | $107,445 |
| MICROSOFT CORP | $110,436 | $416,515 |
| MICROSOFT CORP | $69,730 | $304,096 |
| MOODYS CORP | $65,775 | $96,188 |
| NVIDIA CORP | $90,391 | $369,187 |
| OLD REPUBLIC INTL CORP | $189,572 | $262,045 |
| PARKER HANNIFIN CORP | $109,381 | $214,138 |
| PAYCHEX INC | $116,551 | $221,904 |
| PAYPAL HOLDINGS INC | $34,569 | $102,340 |
| PAYPAL HOLDINGS INC | $76,462 | $202,818 |
| PERFORMANCE TRUST STRATEGIC FUND CLASS I | $1,556,607 | $1,552,056 |
| PNC FINANCIAL SERVICES GROUP | $114,256 | $123,242 |
| PROCTER & GAMBLE CO | $145,821 | $203,046 |
| PUBLIC SERVICE ENTERPRSE | $170,110 | $211,497 |
| QUALCOMM INC | $123,301 | $113,084 |
| RAYTHEON TECHNOLOGIES CORP | $53,739 | $61,402 |
| ROCKWELL AUTOMATION INC | $57,518 | $74,740 |
| ROCKWELL AUTOMATION INC | $110,255 | $180,780 |
| SALESFORCE.COM INC | $226,651 | $287,103 |
| SANOFI | $141,418 | $165,410 |
| SCHLUMBERGER LTD | $64,290 | $72,682 |
| SNAP ON INC | $91,706 | $160,552 |
| STANLEY BLACK & DECKER INC | $53,715 | $47,628 |
| STEEL DYNAMICS INC | $62,507 | $193,284 |
| STORE CAP CORP REIT | $170,482 | $209,756 |
| SYLVAMO CORP | $4,828 | $4,703 |
| TARGET CORP | $51,921 | $112,935 |
| TARGET CORP | $100,803 | $301,678 |
| TARGET CORP | $44,246 | $176,542 |
| TEMPUR SEALY INTL INC | $122,206 | $248,676 |
| THERMOFISHER SCIENTIFIC INC | $123,924 | $161,433 |
| TJX COS INC | $191,265 | $223,321 |
| T-MOBILE US INC | $43,302 | $75,000 |
| TRAVELERS COS INC | $72,114 | $72,235 |
| TREX CO INC | $57,295 | $81,928 |
| UBS GROUP AG CHF | $66,210 | $75,032 |
| UNION PACIFIC CORP | $58,083 | $68,799 |
| UNITED PARCEL SERVICE INC | $172,379 | $179,528 |
| UNITEDHEALTH GROUP INC | $66,589 | $99,001 |
| UNITEDHEALTH GROUP INC | $96,033 | $257,403 |
| US BANCORP DEL | $157,759 | $160,222 |
| WELLS FARGO & CO NEW | $114,023 | $123,654 |
| WEST PHARMACEUTICAL | $138,425 | $229,986 |
| WESTERN ASSET CORE PLUS BOND FUND CLASS I | $1,609,997 | $1,589,547 |
| WESTLAKE CHEMICAL CORP | $62,779 | $73,492 |
| ZEBRA TECHNOLOGIES CORP | $27,223 | $129,750 |
| ZEBRA TECHNOLOGIES CORP | $95,396 | $257,898 |
| ZOETIS INC | $38,423 | $91,236 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (13 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| ENTERPRISE PRODUCTS PARTNERS LP | AT COST | $227,570 | $224,532 |
| ALKEON GROWTH OFFSHORE FUND LTD | AT COST | $575,000 | $5,072,338 |
| ALLY BANK CERTIFICATE OF DEPOSIT | AT COST | $100,000 | $101,654 |
| AXOS BANK CERTIFICATE OF DEPOSIT | AT COST | $100,000 | $100,607 |
| DOUBLE BLACK DIAMOND LTD | AT COST | $3,761,098 | $4,100,597 |
| BMW BANK CERTIFICATE OF DEPOSIT | AT COST | $200,000 | $201,462 |
| BRAESIDE CAPITAL II LP | AT COST | $1,153,067 | $1,000,000 |
| COMENITY BANK CERTFICATE OF DEPOSIT | AT COST | $100,000 | $102,101 |
| MAPLE LEAF OFFSHORE PRIVATE INVESTMENT LTD | AT COST | $46,983 | $83,549 |
| NINETEEN77 GLOBAL MULTI-STRATEGY LTD | AT COST | $2,596,105 | $6,466,840 |
| ROBERTSON OPPORTUNITY MASTER LP | AT COST | $1,473,326 | $3,273,019 |
| SALLIE MAE BANK CERTIFICATE OF DEPOSIT | AT COST | $100,000 | $101,427 |
| WELLS FARGO BANK CERTIFICATE OF DEPOSIT | AT COST | $200,000 | $200,796 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FILING/REGISTRATION FEES | $150 | $0 | $150 |
| STORAGE | $1,027 | $0 | $1,027 |
| MISCELLANEOUS | $120 | $0 | $120 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| NET SECTION 1231 LOSS FROM K-1S | $0 | -$587 | $0 |
| HUGOTON ROYALTY TRUST | $0 | -$902 | $0 |
| OTHER INCOME | $26 | $26 | $26 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | $238,364 | $238,364 | $0 |
| ALTERNATIVE INVESTMENTS | $0 | $48,333 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FEDERAL TAXES | $140,165 | $0 | $0 |
| FOREIGN TAXES | $1,944 | $4,119 | $0 |
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