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KARA J TROTT FAMILY FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
KARA J TROTT FAMILY FOUNDATION (EIN 82-1454838)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-08-15
IRS object ID
202432289349100808
Schema version
2023v5.1
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 ReturnHeader

FieldValueIRS element (for citing)
Return2024-08-15T22:33:39-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13333 New Hyde Park Rd Ste 406AddressLine1Txt
CityNew Hyde ParkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11042ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN821454838EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Kara J Trott Family Foundation AKA Life LeapBusinessNameLine1Txt
Business Name Line2FoundationBusinessNameLine2Txt
FieldValueIRS element (for citing)
In Care Of% Foundation SourceInCareOfNm
Business Name ControlKARABusinessNameControlTxt
Phone8008391754PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Foundation Source 501 Silverside RdAddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
Personkara j trottPersonNm
Person TitletreasurerPersonTitleTxt
Phone8008391754PhoneNum
Signature2024-08-07SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJeffrey D HaskellPreparerPersonNm
PTINP01345770PTIN
Phone8008391754PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-08-08 14:25:15ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$3,205,870FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$0ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$578InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$578InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$67,589DividendsRevAndExpnssAmt
Dividends Net Invst Incm$67,589DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$125,763NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,847,347GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss-$57,596TotalRevAndExpnssAmt
Total Net Invst Incm$68,167TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Legal Fees Rev And Expnss$6,808LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$0LegalFeesNetInvstIncmAmt
Legal Fees Adj Net Incm$0LegalFeesAdjNetIncmAmt
Legal Fees Dsbrs Chrtbl$6,808LegalFeesDsbrsChrtblAmt
Other Prof Fees Rev And Expnss$16,830OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$11,830OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl$5,000OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$1,200TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$26,166OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$280OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$25,886OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$51,004TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$12,110TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$0TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$37,694TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,354,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,354,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,405,504TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$12,110TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$0TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$1,392,194TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$1,463,100ExcessRevenueOverExpensesAmt
Net Investment Income$56,057NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$25,829SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$121,134SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$121,134SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$4,020,496CorporateStockBOYAmt
Corporate Stock EOY$2,462,091CorporateStockEOYAmt
Corporate Stock EOYFMV$2,379,811CorporateStockEOYFMVAmt
Other Investments BOY$704,925OtherInvestmentsBOYAmt
Other Investments EOY$704,925OtherInvestmentsEOYAmt
Other Investments EOYFMV$704,925OtherInvestmentsEOYFMVAmt
Total Assets BOY$4,751,250TotalAssetsBOYAmt
Total Assets EOY$3,288,150TotalAssetsEOYAmt
Total Assets EOYFMV$3,205,870TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$4,751,250RetainedEarningBOYAmt
Retained Earning EOY$3,288,150RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$4,751,250TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$3,288,150TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$4,751,250TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$3,288,150TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$4,751,250TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$1,463,100ExcessRevenueOverExpensesAmt
Subtotal$3,288,150SubtotalAmt
Tot Net Ast Or Fund Balances EOY$3,288,150TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPublicly-traded SecuritiesPropertyDesc
Gross Sales Price$1,847,347GrossSalesPriceAmt
Cost Or Other Basis$1,973,110CostOrOtherBasisAmt
Gain Or Loss-$125,763GainOrLossAmt
Gains Minus Excess Or Losses-$125,763GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income-$125,763CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$779InvestmentIncomeExciseTaxAmt
Subtotal$779SubtotalAmt
Tax Based On Investment Income$779TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$909EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$909TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$0EsPenaltyAmt
Overpayment$130OverpaymentAmt
Applied To ES Tax$130AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcYes (true)OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateOHOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8008391754PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1501 Silverside Road Suite 123AddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Mikhail Alexander Gebhardt
Foundation Source 501 Silverside RdWilmingtonDE198091377Dir1.0$0$0$0
Robert W Philips
Foundation Source 501 Silverside RdWilmingtonDE198091377Dir, Sec1.0$0$0$0
Kara J Trott
Foundation Source 501 Silverside RdWilmingtonDE198091377Treas, Dir, Pres1.0$0$0$0
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$2,961,824AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$56,759AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$704,925FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$3,723,508TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$3,723,508AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$55,853CashDeemedCharitableAmt
Net Vl Noncharitable Assets$3,667,655NetVlNoncharitableAssetsAmt
Minimum Investment Return$183,383MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$183,383MinimumInvestmentReturnAmt
Tax Based On Investment Income$779TaxBasedOnInvestmentIncomeAmt
Total Tax$779TotalTaxAmt
Distributable Before Adj$182,604DistributableBeforeAdjAmt
Distributable Before Ded$182,604DistributableBeforeDedAmt
Distributable As Adjusted$182,604DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,392,194ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$1,392,194QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$182,604DistributableAsAdjustedAmt
Prior Year12021PriorYear1Yr
Prior Year22020PriorYear2Yr
Prior Year32019PriorYear3Yr
Excess Distribution Cyov Yr2$255,256ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$1,254,320ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$1,509,576TotalExcessDistributionCyovAmt
Qualifying Distributions$1,392,194QualifyingDistributionsAmt
Applied To Current Year$182,604AppliedToCurrentYearAmt
Remaining Distri From Corpus$1,209,590RemainingDistriFromCorpusAmt
Total Corpus$2,719,166TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$2,719,166ExcessDistriCyovToNextYrAmt
Excess From Year2$255,256ExcessFromYear2Amt
Excess From Year1$1,254,320ExcessFromYear1Amt
Excess From Current Year$1,209,590ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerKara J TrottContributingManagerNm
Contributing ManagerRobert W PhilipsContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (12 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
COMMUNITY SHELTER BOARD
355 E CAMPUS VIEW BLVDCOLUMBUSOH43235N/APCHomelessness Prevention Network fund$50,000
FAMILIES FLOURISH INC
633 PARSONS AVECOLUMBUSOH43206N/APCGeneral & Unrestricted$37,000
FAMILIES FLOURISH INC
633 PARSONS AVECOLUMBUSOH43206N/APC2023 Power of Opportunity Sponsorship fund$2,500
GRATITUDE FOUNDATION INC
39 E ELDER STCUMBERLANDMD21502N/APCGeneral & Unrestricted$30,000
HEARTLAND HIGH SCHOOL
760 E BROAD STCOLUMBUSOH43205N/APCCharitable Event$50,000
HEARTLAND HIGH SCHOOL
760 E BROAD STCOLUMBUSOH43205N/APCLife Leap Scholarship Fund$200,000
MAKE-A-WISH FOUNDATION OF OHIO KENTUCKY AND INDIAN
2545 FARMERS DR STE 300COLUMBUSOH43235N/APCGeneral & Unrestricted$250,000
O S U CHABAD HOUSE INC
6220 E DUBLIN GRANVILLE RDNEW ALBANYOH43054N/APCKitchen of Life Program - five additional classes and sofas$50,000
OHIO STATE UNIVERSITY FOUNDATION
PO BOX 710811COLUMBUSOH43271N/APCImmigration Clinic Fund$35,000
OHIO STATE UNIVERSITY FOUNDATION
PO BOX 710811COLUMBUSOH43271N/APCLife Leap Foundation Research Innovation Fund$500,000
RICHARD J CARON FOUNDATION
PO BOX 150WERNERSVILLEPA19565N/APCsupport patients discharging to Foundation House and Caron's Chapel Fund$100,000
VISTA VILLAGE INC
92 NORTHWOODS BLVD B-1COLUMBUSOH43235N/APCGeneral & Unrestricted$50,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,354,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$578ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$67,589ExclusionAmt
FieldValueIRS element (for citing)
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment IncomeOtherInvestmentIncomeGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$125,763ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion-$57,596ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$57,596TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (12 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
BOSTON TRUST SMALL CAP FUND$94,961$95,708
BROWN ADVISORY SUSTAINABILITY$358,844$384,231
CALVERT GREEN BOND FUND CLASS$169,756$166,859
CALVERT US LARGE CAP VALUE RES$333,413$338,134
HARTFORD SCHRODER EMERG MKTS E$102,052$85,244
INVESCO FLOATING RATE FUND CLA$23,629$23,867
ISHARES TRUST ISHARES MSCI EAF$263,770$257,817
PARNASSUS EQUITY INCOME FUND I$151,729$145,176
PARNASSUS MID CAP FUND$156,570$146,168
PIMCO FUNDS LOW DURATION FUND$148,339$142,693
RBC BLUEBAY HIGH YIELD BOND FU$92,332$95,749
TIAA-CREF CORE IMPACT BOND FUN$566,696$498,165

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemKJT FAMILY LLC - CLASS BCategoryOrItemTxt
Book Value$704,925BookValueAmt
EOYFMV$704,925EOYFMVAmt

Liquidation Explanation Stmt LiquidationExplanationStmt

FieldValueIRS element (for citing)
ExplanationAs 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 $1,354,500. This amount represents 25% or more of the Foundation's net assets of $4,200,768 (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

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryGeneral ConsultationsCategoryTxt
Legal Fees$6,808LegalFeesAmt
Disbursements Charitable Prps$6,808DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmtNet Investment IncomeNetInvestmentIncomeAmt
Administrative Fees$25,634$25,634
Bank Charges$280$280
Postage/Delivery Service$52$52
State or Local Filing Fees$200$200

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Investment Management Services$11,830$11,830
Website Development$5,000$5,000

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
990-PF Estimated Tax for 2023$900
990-PF Extension for 2022$300

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