KAPNICK FOUNDATION TR: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- KAPNICK FOUNDATION TR (EIN 36-7434011)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-15
- IRS object ID
- 202423209349107102
- 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
- Schedule B
- Accounting Fees Schedule
- All Oth Prog Rltd Investments Sch
- Depreciation Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-15T15:20:18-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERNST & YOUNG US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE MANHATTAN WEST | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100018604 | 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 | 367434011 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Kapnick Foundation | BusinessNameLine1Txt |
| Business Name Line2 | U/A/S 8/15/04 | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % ERNST & YOUNG US LLP | InCareOfNm |
| Business Name Control | KAPN | BusinessNameControlTxt |
| Phone | 2127733000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 73 Bowling Green Station | AddressLine1Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 102740073 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SCOTT B KAPNICK | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Phone | 2123960333 | PhoneNum |
| Signature | 2024-11-15 | 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 | Christine W Diionna | PreparerPersonNm |
| PTIN | P00999533 | PTIN |
| Phone | 2127733000 | PhoneNum |
| Preparation | 2024-11-15 | PreparationDt |
| 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) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $58,868,993 | 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 | $6,430,462 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $165,289 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $165,289 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $75,296 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $75,296 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $2,192,042 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $4,488,789 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $2,188,274 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $1,671,844 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $1,460,223 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $10,534,933 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $3,889,082 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $59,400 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $29,700 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $29,700 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $15,285 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $15,285 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $33,257 | TaxesRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $4,860 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $4,245 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $615 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $112,802 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $49,230 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $30,315 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $6,943,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $6,943,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $7,056,302 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $49,230 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $6,973,815 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $3,478,631 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $3,839,852 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $525,898 | CashBOYAmt |
| Cash EOY | $525,898 | CashEOYAmt |
| Cash EOYFMV | $525,898 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $7,745,618 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $4,003,312 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $4,003,312 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $0 | CorporateStockBOYAmt |
| Corporate Stock EOY | $246,317 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $3,539,280 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $43,546,852 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $44,554,206 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $50,800,503 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $51,818,368 | TotalAssetsBOYAmt |
| Total Assets EOY | $49,329,733 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $58,868,993 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $51,818,368 | CapitalStockBOYAmt |
| Capital Stock EOY | $49,329,733 | CapitalStockEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $51,818,368 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $49,329,733 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $51,818,368 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $49,329,733 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $51,818,368 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $3,478,631 | ExcessRevenueOverExpensesAmt |
| Subtotal | $55,296,999 | SubtotalAmt |
| Other Decreases | $5,967,266 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $49,329,733 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (21 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | Cost Or Other BasisCostOrOtherBasisAmt |
|---|---|---|---|---|---|
| GAINS THRU STARWOOD SOF XI PVT INVESTORS | P | $3,134 | $3,134 | $3,134 | |
| CAPITAL GAINS - VINTAGE V OFF | P | $38,568 | $38,568 | $38,568 | |
| CAPITAL GAINS - OFF MEZZ PTS III INS LP | P | $181,951 | $181,951 | $181,951 | |
| CAPITAL GAINS - VINTAGE VIII OFF | P | $48,617 | $48,617 | $48,617 | |
| CAPITAL GAINS - GS VINTAGE VII OFF | P | $157,307 | $157,307 | $157,307 | |
| CAPITAL GAINS - KKR ASIAN | P | $94,058 | $94,058 | $94,058 | |
| CAPITAL GAINS - PETERSHILL II OFFSHORE LP | P | $274 | $274 | $274 | |
| CAPITAL GAINS - HPS OFF STRATEGICINVT PTRS V | P | $1,802 | $1,802 | $1,802 | |
| CAPITAL GAINS - CRESTVIEW IV (TE) LP | P | $36,112 | $36,112 | $36,112 | |
| CAPITAL GAINS - EQUITY ALLIANCE LLC | P | -$768 | -$768 | $768 | |
| CAPITAL GAINS - EQUITY ALLIANCE FUND I LP | P | -$3,075 | -$3,075 | $3,075 | |
| CAPITAL GAINS - HPS OCOEE SPEC LOAN FUND | P | $1,028 | $1,028 | $1,028 | |
| CAPITAL GAINS - CRESTVIEW PARTNERS II LP | P | -$171,513 | -$171,513 | $171,513 | |
| CAPITAL GAINS - CRESTVIEW PARTNERS III (TE) LP | P | $75,920 | $75,920 | $75,920 | |
| CAPITAL GAINS - WEST ST STRAGIC SOL OFF FD I LP | P | $7,401 | $7,401 | $7,401 | |
| CAPITAL GAINS - HPS OFF MEZZ PTRS 2019 LP | P | $79,006 | $79,006 | $79,006 | |
| PUBLICLY TRADED SECURITIES - GS 1572 | $3,747,868 | $3,466,067 | $3,466,067 | $281,801 | |
| LOSS ON DISPOSITION - GSMP 2006 EMPLOYEE FUND | P | -$1,843,358 | -$1,843,358 | $1,843,358 | |
| 1231 GAINS - CRESTVIEW PARTNERS II L.P | P | $14,141 | $14,141 | $14,141 | |
| 1231 GAINS - HPS OCOEE SPEC LOAN FUND | P | $1,370 | $1,370 | $1,370 | |
| 1250 GAINS - CRESTVIEW PARTNERS II L.P | P | $232 | $232 | $232 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $2,188,274 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $53,374 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $53,374 | SubtotalAmt |
| Tax Based On Investment Income | $53,374 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $59,428 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $59,428 | TotalPaymentsAndCreditsAmt |
| Overpayment | $6,054 | OverpaymentAmt |
| Applied To ES Tax | $6,054 | 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 | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | IL | 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 |
| Website Address | NONE | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERNST & YOUNG US LLP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2127733000 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE MANHATTAN WEST | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100018604 | 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 | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|---|
| KATHLEEN G KAPNICK | |||||||||
| PO BOX 73 | BOWLING GREEN STATION | NEW YORK | NY | 102740073 | TRUSTEE | 1.0 | $0 | $0 | $0 |
| SCOTT B KAPNICK | |||||||||
| PO BOX 73 | BOWLING GREEN STATION | NEW YORK | NY | 102740073 | TREASURER | 1.0 | $0 | $0 | $0 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Ernst & Young LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE MANHATTAN WEST | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100018604 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | Accounting Fee | ServiceTypeTxt |
| Compensation | $59,400 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE | Description1Txt |
| Description2 | NONE | Description2Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $1,492,750 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $5,766,039 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $50,764,015 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $58,022,804 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $58,022,804 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $870,342 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $57,152,462 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,857,623 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $2,857,623 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $53,374 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $37,008 | IncomeTaxAmt |
| Total Tax | $90,382 | TotalTaxAmt |
| Distributable Before Adj | $2,767,241 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $2,767,241 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $2,767,241 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $6,973,815 | 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 | $6,973,815 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $2,767,241 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2021 | PriorYear1Yr |
| Prior Year2 | 2020 | PriorYear2Yr |
| Prior Year3 | 2019 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $4,968,263 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $5,069,000 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $3,346,659 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $4,200,249 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $3,181,674 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $20,765,845 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $6,973,815 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Current Year | $2,767,241 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $4,206,574 | RemainingDistriFromCorpusAmt |
| Total Corpus | $24,972,419 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $4,968,263 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $20,004,156 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $5,069,000 | ExcessFromYear4Amt |
| Excess From Year3 | $3,346,659 | ExcessFromYear3Amt |
| Excess From Year2 | $4,200,249 | ExcessFromYear2Amt |
| Excess From Year1 | $3,181,674 | ExcessFromYear1Amt |
| Excess From Current Year | $4,206,574 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | SCOTT B KAPNICK | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEE STATEMENT ATTACHED | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | SEE STATEMENT ATTACHED | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10274 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | NONE | RecipientRelationshipTxt |
| Recipient Foundation Status | PC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | GENERAL PURPOSE | GrantOrContributionPurposeTxt |
| Amt | $6,943,500 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $6,943,500 | 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 | $165,289 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $75,296 | 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) |
|---|---|---|
| Business | 901101 | BusinessCd |
| Unrelated Business Taxbl Incm | $3,768 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $2,188,274 | 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 (4 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt |
|---|---|---|---|---|
| PASSTHROUGH INCOME | 01 | $1,271,092 | ||
| PASSTHROUGH INCOME - UBTI | 901101 | $211,621 | ||
| PFIC - DIVIDEND DISTRIBUTION | 01 | $188,947 | ||
| OTHER INCOME | 01 | $184 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $215,389 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $3,889,082 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $4,104,471 | 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 |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | SCOTT B KAPNICK | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 73 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 102740073 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $6,430,462 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | 837,062 shs of Nu Holdings Ltd | $6,110,553 | 2023-08-22 |
| 1 | 9,662 shs of Victory Capital Holdings | $319,909 | 2023-12-06 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $59,400 | Amt |
| Net Investment Income | $29,700 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $29,700 | DisbursementsCharitablePrpsAmt |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NONE | Desc |
Depreciation Schedule DepreciationSchedule
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| NU HOLDINGS LTD | $181,221 | $2,974,326 |
| VICTORY CAPITAL HOLDINGS INC | $65,096 | $564,954 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (42 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| GS VINTAGE FUND V, LP | $1,113,596 | $134,020 |
| GS VINTAGE FUND VIII OFFSHORE | $987,854 | $1,873,789 |
| GS MEZZANINE PARTNERS 2006 LP | $0 | $0 |
| CRESTVIEW PARTNERS II LP | $515,861 | $1,900,663 |
| CRESTVIEW PTRS III (TE) LP | $591,709 | $726,965 |
| SOROBAN OPP CAYMAN FUND III | $7,331,975 | $10,772,036 |
| HB IRISH SPECIALTY LOAN FD III | $1,928,162 | $61,796 |
| GS VINTAGE FUND VII OFF HLDGS | $879,864 | $1,333,821 |
| THE KINGSWAY FUND FRONTIER | $1,467,667 | $2,013,032 |
| PETERSHILL II OFFSHORE LP . | $2,094,467 | $2,073,093 |
| PROVIDENCE DEBT FUND III | $112,910 | $192,033 |
| WATFORD HOLDINGS FED FUNDS | $43,671 | $635,599 |
| CREDIT VALUE OFFSHORE FD 2016 | $756,137 | $0 |
| AQUAHYDRATE | $640,000 | $640,000 |
| OFFSHORE MEZZANINE PARTN III | $5,249,564 | $5,805,468 |
| SPECIALTY LOAN INSTITUTIONAL | ||
| - FUND 2016-L, LP | $810,832 | $741,474 |
| HPS LOAN MANAGEMENT 9-2016,LTD | $430,845 | $385,904 |
| VINTAGE VII AIV OFFSHORE SCSP | $134,422 | $134,422 |
| CRESTVIEW PARTNERS III (DE) LP | $92,699 | $0 |
| REAL ESTATE CREDIT SOLUTIONS | ||
| - OFFSHORE FUND II | $123,238 | $123,238 |
| STRATA CLO I LTD | $831,173 | $928,989 |
| KKR ASIAN FD III PVT IN O/S LP | $744,432 | $1,160,905 |
| STARWOOD SOF XI PVT IN O/S LP | $658,758 | $801,510 |
| SVSS IV PVT IN O/S LP | $454,426 | $817,855 |
| SVSS V PVT IN O/S LP | $528,347 | $598,614 |
| ARES PCS II PRIVATE INVESTORS | $705,541 | $682,036 |
| MILLENNIUM PVT INVST OFFSHORE | $772,388 | $862,139 |
| CREDIT VALUE OFFSHORE FUND V | $4,117 | $0 |
| OPPORT OFFSHORE FUND II, LP | $1,092,887 | $880,994 |
| HPS OFF MEZZNE PTNRS 2019, LP | $4,761,254 | $4,761,254 |
| WEST STREET STRAGIC SOLUTIONS | ||
| OFFSHORE FUND I LP | $1,087,571 | $1,145,718 |
| HPS OCOEE SPEC LOAN FUND | $382,596 | $375,510 |
| CRESTVIEW PARTNERS IV(TE) L.P | $1,467,558 | $1,931,539 |
| THE EQUITY ALLIANCE FUND I, LP | $302,252 | $640,885 |
| THE EQUITY ALLIANCE, LLC | $390,080 | $390,080 |
| GS ACCT 1572 (EURO) | $372 | $385 |
| CRESTVIEW PARTNERS IV (DE) LP | $150,893 | $0 |
| HPS SPECIAL SITUATIONS OPP OFF | $3,142,319 | $3,309,158 |
| HPS OOFSHORE STRATEGIC INT PTR | $1,771,769 | $1,965,579 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| EXCESS FMV OVER DONOR COST BASIS | $5,967,266 |
| DONATED TO FOUNDATION | $0 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| IL FILING FEE | $615 | $615 | |
| NON DEDUCTIBLE EXPENSES | $4,245 | $4,245 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| PASSTHROUGH INCOME | $1,271,092 | $1,271,092 |
| PASSTHROUGH INCOME - UBTI | $211,621 | |
| PFIC - DIVIDEND DISTRIBUTION | $188,947 | $188,947 |
| OTHER INCOME | $184 | $184 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| OTHER PROFESSIONAL FEES | $8,433 | $8,433 |
| INVT MGT FEES - KKR ASIAN FUND | $6,852 | $6,852 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt |
|---|---|
| EXCISE TAXES PAID | $30,000 |
| IL TAXES PAID | $3,257 |
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