Foxx Family Foundation: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- Foxx Family Foundation (EIN 45-4540279)
- Tax period
- 2023-01-01 to 2023-12-28
- Filed
- 2024-10-17
- IRS object ID
- 202422919349100632
- 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
- Form 990-PF
- Depreciation Schedule
- General Explanation Attachment
- Liquidation Explanation Stmt
- Other Expenses Schedule
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-10-17T22:07:00-05:00 | ReturnTs |
| Tax Period End | 2023-12-28 | 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 | 454540279 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foxx Family Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Foundation Source | InCareOfNm |
| Business Name Control | FOXX | 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 | michael j foxx | PersonNm |
| Person Title | president | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2024-10-18 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| 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 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Final Return | Yes (X) | FinalReturnInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $0 | 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 | $599 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $599 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $45,970 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $45,970 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $24,273 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $446,438 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $30,578 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $70,842 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $77,147 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $19,366 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $19,366 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $500 | TaxesRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $4,051 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $4,051 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $23,917 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $19,366 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $4,051 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $2,160,453 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $2,160,453 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,184,370 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $19,366 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $2,164,504 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$2,113,528 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $57,781 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $18,358 | SavAndTempCashInvstBOYAmt |
| Corporate Stock BOY | $1,802,515 | CorporateStockBOYAmt |
| Total Assets BOY | $1,820,873 | TotalAssetsBOYAmt |
| Total Assets EOY | $0 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $0 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $1,820,873 | RetainedEarningBOYAmt |
| Tot Net Ast Or Fund Balances BOY | $1,820,873 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $0 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $1,820,873 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $0 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $1,820,873 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$2,113,528 | ExcessRevenueOverExpensesAmt |
| Other Increases | $292,655 | OtherIncreasesAmt |
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 | $446,438 | GrossSalesPriceAmt |
| Cost Or Other Basis | $415,860 | CostOrOtherBasisAmt |
| Gain Or Loss | $30,578 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $30,578 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $30,578 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $803 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $803 | SubtotalAmt |
| Tax Based On Investment Income | $803 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $664 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $139 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $803 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Applied To ES Tax | $0 | 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 | Yes (true) | 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 | 55 WALLS DRIVE FL 3 | AddressLine1Txt |
| City | Fairfield | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06824 | 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 (6 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 |
|---|---|---|---|---|---|---|---|---|
| Elizabeth Cozine Foxx | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | VP | 1.0 | $0 | $0 | $0 |
| Brian Foxx | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | VP | 1.0 | $0 | $0 | $0 |
| Dan Foxx | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | VP | 1.0 | $0 | $0 | $0 |
| Michael J Foxx | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Pres, Dir, Sec | 1.0 | $0 | $0 | $0 |
| Michele Foxx | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | VP | 1.0 | $0 | $0 | $0 |
| Virginia Joyce Foxx | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | 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 | $1,854,004 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $26,727 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,880,731 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $1,880,731 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $28,211 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $1,852,520 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $91,865 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $91,865 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $803 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $803 | TotalTaxAmt |
| Distributable Before Adj | $91,062 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $91,062 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $91,062 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $2,164,504 | 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 | $2,164,504 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $91,062 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $90,489 | UndistributedIncomePYAmt |
| Prior Year1 | 2021 | PriorYear1Yr |
| Prior Year2 | 2020 | PriorYear2Yr |
| Prior Year3 | 2019 | PriorYear3Yr |
| Qualifying Distributions | $2,164,504 | QualifyingDistributionsAmt |
| Applied To Year1 | $90,489 | AppliedToYear1Amt |
| Applied To Current Year | $91,062 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $1,982,953 | RemainingDistriFromCorpusAmt |
| Total Corpus | $1,982,953 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $1,982,953 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $1,982,953 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Michael J Foxx | ContributingManagerNm |
| Contributing Manager | Virginia Joyce Foxx | 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 RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| BLAWENBURG VILLAGE SCHOOL | |||||||
| 432 COUNTY RD 518 | BLAWENBURG | NJ | 08504 | N/A | PC | General & Unrestricted | $3,000 |
| MONTGOMERY TOWNSHIP EDUCATION FOUNDATION INC | |||||||
| 9 ASPEN CT | BELLE MEAD | NJ | 08502 | N/A | PC | Charitable Event | $3,000 |
| MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC | |||||||
| 555 CALIFORNIA ST 14TH FL | SAN FRANCISCO | CA | 94104 | N/A | PC | General & Unrestricted | $83,781 |
| WADES ARMY | |||||||
| PO BOX 215 | SKILLMAN | NJ | 08558 | N/A | PC | General & Unrestricted | $4,000 |
| MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC | |||||||
| 555 CALIFORNIA ST 14TH FL | SAN FRANCISCO | CA | 94104 | N/A | PC | General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) | $2,066,672 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $2,160,453 | 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 | $599 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $45,970 | 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 | $24,273 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $70,842 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $70,842 | 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
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp (2 entries)
| IdentifierIdentifierTxt | Form And Line ReferenceFormAndLineReferenceDesc | Medium ExplanationMediumExplanationTxt |
|---|---|---|
| PART XIV (FORM 990-PF): | PART XIV (FORM 990-PF): | DISTRIBUTIONS OF PROPERTY VALUE AT FAIR MARKET VALUE AT DATE OF DISTRIBUTION METHOD FOR DETERMINING FMV OF SECURITIES: AVERAGE OF HIGH/LOW ON DATE GRANTED TO CHARITY METHOD OF DETERMINING BOOK VALUE OF SECURITIES: COST OF AVERAGE OF HIGH/LOW ON DATE CONTRIBUTED TO FOUNDATION TOTAL FAIR MARKET VALUE OF PROPERTY: $2,050,605 TOTAL BOOK VALUE OF PROPERTY: $1,757,950 TOTAL CASH PORTION OF GRANTS: $16,067 TOTAL AMOUNT OF GRANTS: $2,066,672 FORM 990-PF, PART III, LINE 3 - OTHER INCREASES: $292,655 DETAILS OF ITEMS GRANTED: DESCRIPTION OF PROPERTY: AMAZON COM UNITS: 260 DATE OF DISTRIBUTION: 12-12-2023 GRANT RECIPIENT: MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC FMV OF PROPERTY: $38,064 BOOK VALUE OF PROPERTY: $31,976 CASH PORTION OF GRANT: - TOTAL AMOUNT OF GRANT: $38,064 DESCRIPTION OF PROPERTY: BECTON DICKINSON & CO UNITS: 160 DATE OF DISTRIBUTION: 12-12-2023 GRANT RECIPIENT: MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC FMV OF PROPERTY: $37,478 BOOK VALUE OF PROPERTY: $40,428 CASH PORTION OF GRANT: - TOTAL AMOUNT OF GRANT: $37,478 DESCRIPTION OF PROPERTY: CHUBB LIMITED UNITS: 140 DATE OF DISTRIBUTION: 12-12-2023 GRANT RECIPIENT: MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC FMV OF PROPERTY: $31,692 BOOK VALUE OF PROPERTY: $17,956 CASH PORTION OF GRANT: - TOTAL AMOUNT OF GRANT: $31,692 DESCRIPTION OF PROPERTY: COMMUNICATION SVCS SLCT SCTR SPDR FD UNITS: 695 DATE OF DISTRIBUTION: 12-12-2023 GRANT RECIPIENT: MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC FMV OF PROPERTY: $48,581 BOOK VALUE OF PROPERTY: $36,608 CASH PORTION OF GRANT: - TOTAL AMOUNT OF GRANT: $48,581 DESCRIPTION OF PROPERTY: CONSUMER DISCRETIONARY SELECT SECTOR SPDR UNITS: 185 DATE OF DISTRIBUTION: 12-12-2023 GRANT RECIPIENT: MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC FMV OF PROPERTY: $32,105 BOOK VALUE OF PROPERTY: $17,185 CASH PORTION OF GRANT: - TOTAL AMOUNT OF GRANT: $32,105 DESCRIPTION OF PROPERTY: CONSUMER STAPLES SELECT SECTOR SPDR UNITS: 865 DATE OF DISTRIBUTION: 12-12-2023 GRANT RECIPIENT: MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC FMV OF PROPERTY: $61,253 BOOK VALUE OF PROPERTY: $55,188 CASH PORTION OF GRANT: - TOTAL AMOUNT OF GRANT: $61,253 DESCRIPTION OF PROPERTY: EATON CORP PLC UNITS: 185 DATE OF DISTRIBUTION: 12-12-2023 GRANT RECIPIENT: MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC FMV OF PROPERTY: $43,700 BOOK VALUE OF PROPERTY: $26,458 CASH PORTION OF GRANT: - TOTAL AMOUNT OF GRANT: $43,700 DESCRIPTION OF PROPERTY: ISHARES 0 5 YEAR HIGH YIELD CORPORATE BOND UNITS: 750 DATE OF DISTRIBUTION: 12-12-2023 GRANT RECIPIENT: MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC FMV OF PROPERTY: $31,299 BOOK VALUE OF PROPERTY: $30,640 CASH PORTION OF GRANT: - TOTAL AMOUNT OF GRANT: $31,299 DESCRIPTION OF PROPERTY: ISHARES 0-3 MONTH TREASURY UNITS: 510 DATE OF DISTRIBUTION: 12-12-2023 GRANT RECIPIENT: MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC FMV OF PROPERTY: $51,227 BOOK VALUE OF PROPERTY: $51,085 CASH PORTION OF GRANT: - TOTAL AMOUNT OF GRANT: $51,227 DESCRIPTION OF PROPERTY: ISHARES BARCLAYS US AGGREGATE BOND FUND UNITS: 1,730 DATE OF DISTRIBUTION: 12-12-2023 GRANT RECIPIENT: MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC FMV OF PROPERTY: $167,820 BOOK VALUE OF PROPERTY: $184,340 CASH PORTION OF GRANT: - TOTAL AMOUNT OF GRANT: $167,820 DESCRIPTION OF PROPERTY: ISHARES CORE MSCI EAFE ETF UNITS: 2,830 DATE OF DISTRIBUTION: 12-12-2023 GRANT RECIPIENT: MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC FMV OF PROPERTY: $193,112 BOOK VALUE OF PROPERTY: $179,471 CASH PORTION OF GRANT: - TOTAL AMOUNT OF GRANT: $193,112 DESCRIPTION OF PROPERTY: ISHARES CORE TOTAL USD BOND MARKET UNITS: 1,635 DATE OF DISTRIBUTION: 12-12-2023 GRANT RECIPIENT: MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC FMV OF PROPERTY: $73,640 BOOK VALUE OF PROPERTY: $84,271 CASH PORTION OF GRANT: - TOTAL AMOUNT OF GRANT: $73,640 DESCRIPTION OF PROPERTY: ISHARES DJ US TECH ETF UNITS: 1,520 DATE OF DISTRIBUTION: 12-12-2023 GRANT RECIPIENT: MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC FMV OF PROPERTY: $181,192 BOOK VALUE OF PROPERTY: $60,576 CASH PORTION OF GRANT: - TOTAL AMOUNT OF GRANT: $181,192 DESCRIPTION OF PROPERTY: ISHARES SHORT TERM CORPORATE BOND ETF UNITS: 2,085 DATE OF DISTRIBUTION: 12-12-2023 GRANT RECIPIENT: MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC FMV OF PROPERTY: $105,542 BOOK VALUE OF PROPERTY: $113,982 CASH PORTION OF GRANT: - TOTAL AMOUNT OF GRANT: $105,542 DESCRIPTION OF PROPERTY: LORD ABBETT INVESTMENT TRUST SHORT DUR INCOME CL I UNITS: 9,310 DATE OF DISTRIBUTION: 12-13-2023 GRANT RECIPIENT: MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC FMV OF PROPERTY: $35,751 BOOK VALUE OF PROPERTY: $38,873 CASH PORTION OF GRANT: - TOTAL AMOUNT OF GRANT: $35,751 |
| PART XIV (FORM 990-PF) - CONT'D: | PART XIV (FORM 990-PF) - CONT'D: | DESCRIPTION OF PROPERTY: MATERIALS SELECT SECTOR SPDR UNITS: 275 DATE OF DISTRIBUTION: 12-12-2023 GRANT RECIPIENT: MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC FMV OF PROPERTY: $22,851 BOOK VALUE OF PROPERTY: $15,604 CASH PORTION OF GRANT: - TOTAL AMOUNT OF GRANT: $22,851 DESCRIPTION OF PROPERTY: MICROSOFT CORP UNITS: 150 DATE OF DISTRIBUTION: 12-12-2023 GRANT RECIPIENT: MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC FMV OF PROPERTY: $55,866 BOOK VALUE OF PROPERTY: $35,486 CASH PORTION OF GRANT: - TOTAL AMOUNT OF GRANT: $55,866 DESCRIPTION OF PROPERTY: PALO ALTO NETWORKS INC UNITS: 155 DATE OF DISTRIBUTION: 12-12-2023 GRANT RECIPIENT: MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC FMV OF PROPERTY: $47,065 BOOK VALUE OF PROPERTY: $29,890 CASH PORTION OF GRANT: - TOTAL AMOUNT OF GRANT: $47,065 DESCRIPTION OF PROPERTY: PRUDENTIAL TOTAL RETURN BD FD CL Z UNITS: 10,704 DATE OF DISTRIBUTION: 12-13-2023 GRANT RECIPIENT: MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC FMV OF PROPERTY: $127,372 BOOK VALUE OF PROPERTY: $128,732 CASH PORTION OF GRANT: - TOTAL AMOUNT OF GRANT: $127,372 DESCRIPTION OF PROPERTY: SELECT SECTOR SPDR ENERGY FUND UNITS: 410 DATE OF DISTRIBUTION: 12-12-2023 GRANT RECIPIENT: MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC FMV OF PROPERTY: $33,292 BOOK VALUE OF PROPERTY: $13,941 CASH PORTION OF GRANT: - TOTAL AMOUNT OF GRANT: $33,292 DESCRIPTION OF PROPERTY: SELECT SECTOR SPDR INDUSTRIAL UNITS: 400 DATE OF DISTRIBUTION: 12-12-2023 GRANT RECIPIENT: MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC FMV OF PROPERTY: $44,105 BOOK VALUE OF PROPERTY: $31,334 CASH PORTION OF GRANT: - TOTAL AMOUNT OF GRANT: $44,105 DESCRIPTION OF PROPERTY: SELECT SECTOR SPDR UTILITIES UNITS: 410 DATE OF DISTRIBUTION: 12-12-2023 GRANT RECIPIENT: MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC FMV OF PROPERTY: $26,037 BOOK VALUE OF PROPERTY: $27,459 CASH PORTION OF GRANT: - TOTAL AMOUNT OF GRANT: $26,037 DESCRIPTION OF PROPERTY: SELECT SECTOR SPDR-HEALTH CARE UNITS: 675 DATE OF DISTRIBUTION: 12-12-2023 GRANT RECIPIENT: MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC FMV OF PROPERTY: $89,843 BOOK VALUE OF PROPERTY: $71,668 CASH PORTION OF GRANT: - TOTAL AMOUNT OF GRANT: $89,843 DESCRIPTION OF PROPERTY: SPDR PORTFOLIO HIGH YIELD BND ETF UNITS: 1,815 DATE OF DISTRIBUTION: 12-12-2023 GRANT RECIPIENT: MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC FMV OF PROPERTY: $41,618 BOOK VALUE OF PROPERTY: $41,273 CASH PORTION OF GRANT: - TOTAL AMOUNT OF GRANT: $41,618 DESCRIPTION OF PROPERTY: VANGUARD FIN ETF UNITS: 585 DATE OF DISTRIBUTION: 12-12-2023 GRANT RECIPIENT: MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC FMV OF PROPERTY: $52,007 BOOK VALUE OF PROPERTY: $43,598 CASH PORTION OF GRANT: - TOTAL AMOUNT OF GRANT: $52,007 DESCRIPTION OF PROPERTY: VANGUARD FTSE DEVELOPED MARKETS UNITS: 2,650 DATE OF DISTRIBUTION: 12-12-2023 GRANT RECIPIENT: MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC FMV OF PROPERTY: $122,682 BOOK VALUE OF PROPERTY: $114,412 CASH PORTION OF GRANT: - TOTAL AMOUNT OF GRANT: $122,682 DESCRIPTION OF PROPERTY: VANGUARD FTSE EMERGING MARKETS UNITS: 260 DATE OF DISTRIBUTION: 12-12-2023 GRANT RECIPIENT: MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC FMV OF PROPERTY: $10,466 BOOK VALUE OF PROPERTY: $11,248 CASH PORTION OF GRANT: - TOTAL AMOUNT OF GRANT: $10,466 DESCRIPTION OF PROPERTY: VANGUARD SF REIT ETF UNITS: 280 DATE OF DISTRIBUTION: 12-12-2023 GRANT RECIPIENT: MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC FMV OF PROPERTY: $23,451 BOOK VALUE OF PROPERTY: $18,999 CASH PORTION OF GRANT: - TOTAL AMOUNT OF GRANT: $23,451 DESCRIPTION OF PROPERTY: VANGUARD SHORT TERM CORPORATE BOND ETF UNITS: 1,005 DATE OF DISTRIBUTION: 12-12-2023 GRANT RECIPIENT: MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC FMV OF PROPERTY: $76,749 BOOK VALUE OF PROPERTY: $81,684 CASH PORTION OF GRANT: - TOTAL AMOUNT OF GRANT: $76,749 DESCRIPTION OF PROPERTY: VANGUARD SM-CAP ETF UNITS: 265 DATE OF DISTRIBUTION: 12-12-2023 GRANT RECIPIENT: MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC FMV OF PROPERTY: $53,310 BOOK VALUE OF PROPERTY: $42,204 CASH PORTION OF GRANT: - TOTAL AMOUNT OF GRANT: $53,310 DESCRIPTION OF PROPERTY: VANGUARD TOTAL STOCK MARKET ETF UNITS: 50 DATE OF DISTRIBUTION: 12-12-2023 GRANT RECIPIENT: MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC FMV OF PROPERTY: $11,493 BOOK VALUE OF PROPERTY: $8,970 CASH PORTION OF GRANT: - TOTAL AMOUNT OF GRANT: $11,493 DESCRIPTION OF PROPERTY: VISA INC UNITS: 105 DATE OF DISTRIBUTION: 12-12-2023 GRANT RECIPIENT: MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC FMV OF PROPERTY: $27,096 BOOK VALUE OF PROPERTY: $20,873 CASH PORTION OF GRANT: - TOTAL AMOUNT OF GRANT: $27,096 DESCRIPTION OF PROPERTY: WORLD GOLD TRUST SPDR GOLD MINISHARES TR UNITS: 1,345 DATE OF DISTRIBUTION: 12-12-2023 GRANT RECIPIENT: MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC FMV OF PROPERTY: $52,845 BOOK VALUE OF PROPERTY: $51,540 CASH PORTION OF GRANT: - TOTAL AMOUNT OF GRANT: $52,845 |
Liquidation Explanation Stmt LiquidationExplanationStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | 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 28, 2023, the Foxx Family Foundation (the "Foundation") made distributions from assets from sources other than current income in complete liquidation. The Foundation filed the attached Certificate of Dissolution with the Secretary of State of Delaware on December 28, 2023. 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 (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| Administrative Fees | $4,026 | $4,026 |
| State or Local Filing Fees | $25 | $25 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | GRANTS OF PUBLICLY TRADED SECURITIES | Desc |
| Amt | $292,655 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment Management Services | CategoryTxt |
| Amt | $19,366 | Amt |
| Net Investment Income | $19,366 | NetInvestmentIncomeAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | 990-PF Estimated Tax for 2023 | CategoryTxt |
| Amt | $500 | Amt |
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