POLSKY FOUNDATION: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- POLSKY FOUNDATION (EIN 65-1164639)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-15
- IRS object ID
- 202443209349103814
- 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
- Depreciation Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- 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 | 2024-11-15T10:53:13-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MILLER COOPER & CO LTD | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1751 Lake Cook Road Suite 400 | AddressLine1Txt |
| City | Deerfield | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60015 | 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 | 651164639 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Polsky Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % MICHAEL P POLSKY | InCareOfNm |
| Business Name Control | POLS | BusinessNameControlTxt |
| Phone | 3125821405 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One South Wacker Drive Suite 1810 | AddressLine1Txt |
| City | Chicago | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60606 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHAEL POLSKY | PersonNm |
| Person Title | OFFICER | PersonTitleTxt |
| Phone | 3125821402 | 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 | Daphne McCoy | PreparerPersonNm |
| PTIN | P00223571 | PTIN |
| Phone | 8472055000 | 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) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $55,828,506 | 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 | $814,752 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $54,266 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $54,266 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $913,243 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $913,243 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $568,436 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $4,063,182 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $568,438 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $54,716 | NetSTCapitalGainAdjNetIncmAmt |
| Other Income Rev And Expnss | $1,062,971 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $1,062,995 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $0 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $3,413,668 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,598,942 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $54,716 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $24,238 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $24,238 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $11,900 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $11,900 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $22,955 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $22,955 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $192,009 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $11,996 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $15 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $97,025 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $39,669 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $57,356 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $348,127 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $110,758 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $57,371 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $4,363,941 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $4,363,941 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $4,712,068 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $110,758 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $4,421,312 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$1,298,400 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $2,488,184 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $54,716 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $19,276 | CashBOYAmt |
| Cash EOY | $15,634 | CashEOYAmt |
| Cash EOYFMV | $15,634 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $1,763,153 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $2,428,808 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $2,428,808 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $1,521,519 | AcctRcvblAmt |
| Acct Rcvbl BOY | $0 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $1,521,519 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $1,521,519 | AcctRcvblEOYFMVAmt |
| Other Investments BOY | $66,957,489 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $58,819,857 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $51,862,545 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $68,739,918 | TotalAssetsBOYAmt |
| Total Assets EOY | $62,785,818 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $55,828,506 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $9,326 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $74,039 | AccountsPayableEOYAmt |
| Total Liabilities BOY | $9,326 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $74,039 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $68,730,592 | RetainedEarningBOYAmt |
| Retained Earning EOY | $62,711,779 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $68,730,592 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $62,711,779 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $68,739,918 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $62,785,818 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $68,730,592 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$1,298,400 | ExcessRevenueOverExpensesAmt |
| Subtotal | $67,432,192 | SubtotalAmt |
| Other Decreases | $4,720,413 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $62,711,779 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | AcquiredAcquiredDt | SoldSoldDt |
|---|---|---|---|---|---|---|
| SHORT TERM PUBLICLY TRADED SECURITIES | $51,758 | $0 | $51,758 | $51,758 | ||
| LONG TERM PUBLICLY TRADED SECURITIES | $1,011,249 | $1,159,120 | -$147,871 | -$147,871 | ||
| BNY MELLON ST PUBLICLY TRADED SECURITIES | $13,567 | $10,609 | $2,958 | $2,958 | 2022-11-22 | 2023-07-20 |
| BNY MELLON LT PUBLICLY TRADED SECURITIES | $2,986,608 | $2,325,015 | $661,593 | $661,593 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $568,438 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $54,716 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $34,586 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $34,586 | SubtotalAmt |
| Tax Based On Investment Income | $34,586 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $35,958 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $35,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $70,958 | TotalPaymentsAndCreditsAmt |
| Overpayment | $36,372 | OverpaymentAmt |
| Applied To ES Tax | $36,372 | 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 | 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 | Yes (true) | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICHAEL P POLSKY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3125821402 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE SOUTH WACKER DRIVE SUITE 1810 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60606 | 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 |
| Undistr Incm Sect4942a2 Not App | false | UndistrIncmSect4942a2NotAppInd |
| 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 |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 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 |
|---|---|---|---|---|---|---|---|---|
| MICHAEL P POLSKY | ||||||||
| One South Wacker Drive Suite 1810 | Chicago | IL | 60606 | PRESIDENT AND DIRECTOR | 0 | $0 | $0 | $0 |
| JONATHAN TAIBER | ||||||||
| One South Wacker Drive Suite 1810 | Chicago | IL | 60606 | TREASURER AND DIRECTOR | 0 | $0 | $0 | $0 |
| DAVID CANMANN | ||||||||
| 111 W WASHINGTON SUITE 823 | CHICAGO | IL | 60602 | SECRETARY AND DIRECTOR | 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 | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $18,119 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $52,532,963 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $52,551,082 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $52,551,082 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $788,266 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $51,762,816 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,588,141 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $2,588,141 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $34,586 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $34,586 | TotalTaxAmt |
| Distributable Before Adj | $2,553,555 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $2,553,555 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $2,553,555 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $4,421,312 | 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 | $4,421,312 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $2,553,555 | 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 | $2,881,865 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $4,884,124 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $4,290,134 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $4,312,956 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $6,438,312 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $22,807,391 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $4,421,312 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Current Year | $2,553,555 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $1,867,757 | RemainingDistriFromCorpusAmt |
| Total Corpus | $24,675,148 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $2,881,865 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $21,793,283 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $4,884,124 | ExcessFromYear4Amt |
| Excess From Year3 | $4,290,134 | ExcessFromYear3Amt |
| Excess From Year2 | $4,312,956 | ExcessFromYear2Amt |
| Excess From Year1 | $6,438,312 | ExcessFromYear1Amt |
| Excess From Current Year | $1,867,757 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (46 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line1RecipientForeignAddress/AddressLine1Txt | CityRecipientForeignAddress/CityNm | CountryRecipientForeignAddress/CountryCd | Foreign PostalRecipientForeignAddress/ForeignPostalCd | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JDRF International | ||||||||||||
| 1 E Wacker Dr Suite 1400 | Chicago | IL | 60601 | NONE | PC | GENERAL FUND | $25,000 | |||||
| United States Holocaust Museum | ||||||||||||
| 595 Elm Pl | Highland Park | IL | 60035 | NONE | PC | GENERAL FUND | $5,000 | |||||
| World Resources Institute | ||||||||||||
| 10 G St NE 800 | Washington | DC | 20002 | NONE | PC | GENERAL FUND | $250,000 | |||||
| Harvey Global Health | ||||||||||||
| 259 E Erie St Ste 2350 | Chicago | IL | 60611 | NONE | PC | GENERAL FUND | $25,000 | |||||
| Hope Chicago | ||||||||||||
| 303 E Wacker Dr 360 | Chicago | IL | 60601 | NONE | PC | GENERAL FUND | $50,000 | |||||
| Pine Crest | ||||||||||||
| 3300 175th St | Hazel Crest | IL | 60429 | NONE | PC | GENERAL FUND | $50,000 | |||||
| UChicago Polsky Center | ||||||||||||
| 5807 S Woodlawn Ave 207 | Chicago | IL | 60637 | NONE | PC | GENERAL FUND | $2,429,467 | |||||
| Boys and Girls Club of Chicago | ||||||||||||
| 2950 W Washington Blvd | Chicago | IL | 60612 | NONE | PC | GENERAL FUND | $30,000 | |||||
| High Jump | ||||||||||||
| 820 W Jackson Blvd | Chicago | IL | 60607 | NONE | PC | GENERAL FUND | $5,000 | |||||
| Jewish United Fund | ||||||||||||
| 30 S Wells Street | Chicago | IL | 60606 | NONE | PC | GENERAL FUND | $100,000 | |||||
| Latin School of Chicago | ||||||||||||
| 59 W North Blvd | Chicago | IL | 60610 | NONE | PC | GENERAL FUND | $15,000 | |||||
| Union of Jewish Religious Communities | ||||||||||||
| NONE | PC | GENERAL FUND | $22,500 | 29 Shchekavytska St | Kyiv | UP | 04071 | |||||
| White Stork | ||||||||||||
| 512 Chestnut St Unit 11 | Winnetka | IL | 60093 | NONE | PC | GENERAL FUND | $414,160 | |||||
| World Jewish Congress | ||||||||||||
| 501 Madison Avenue | New York | NY | 10022 | NONE | PC | GENERAL FUND | $24,000 | |||||
| Yahad In Unum Mid-America | ||||||||||||
| 2444 Madison Road Unit 1708 | Cincinnati | OH | 45208 | NONE | PC | GENERAL FUND | $50,000 | |||||
| American Heart Association | ||||||||||||
| PO Box 840692 | Dallas | TX | 75284 | NONE | PC | GENERAL FUND | $5,000 | |||||
| Las Olas Chabad | ||||||||||||
| 1302 E Las Olas Blvd | Fort Lauderdale | FL | 33301 | NONE | PC | GENERAL FUND | $100,000 | |||||
| Planned Parenthood of Illinois | ||||||||||||
| 17 N State Street 5th Floor | Chicago | IL | 60602 | NONE | PC | GENERAL FUND | $10,000 | |||||
| Ukrainian Resistance Foundation | ||||||||||||
| 4136 United Pkwy | Chicago | IL | 60174 | NONE | PC | GENERAL FUND | $27,500 | Schiller Park | ||||
| Cal's All-Star Angel Foundation | ||||||||||||
| 2422 W Main St Unit 3B | St Charles | IL | 60175 | NONE | PC | General Fund | $2,000 | |||||
| City Year Chicago | ||||||||||||
| 287 Columbus Avenue | Boston | MA | 02116 | NONE | PC | General Fund | $5,000 | |||||
| College Possible | ||||||||||||
| 755 Prior Ave N Ste 210 | Saint Paul | MN | 55104 | NONE | PC | General Fund | $7,500 | |||||
| Eldan Electronic Instruments | ||||||||||||
| NONE | PC | General Fund | $7,254 | 6 Hashiloach St | PetachTikva | IS | 4951439 | |||||
| Friends of Refugees of Eastern Europe | ||||||||||||
| 1383 President Street | Brooklyn | NY | 11213 | NONE | PC | General Fund | $15,000 | |||||
| Help Heroes of Ukraine Inc | ||||||||||||
| 450 Kehoe Blvd | Carol Stream | IL | 60188 | NONE | PC | General Fund | $8,300 | |||||
| Heritage Congregation | ||||||||||||
| 7153 N Francisco Ave | Chicago | IL | 60645 | NONE | PC | General Fund | $25,000 | |||||
| Ingenuity Incorporated Chicago | ||||||||||||
| 440 North Wells Street Suite 505 | Chicago | IL | 60654 | NONE | PC | General Fund | $5,000 | |||||
| Mayo Clinic | ||||||||||||
| 200 First St SW | Rochester | MN | 55905 | NONE | PC | General Fund | $10,000 | |||||
| Navy Pier | ||||||||||||
| 600 East Grand Avenue | Chicago | IL | 60611 | NONE | PC | General Fund | $5,000 | |||||
| The Buddy Program | ||||||||||||
| 65 W Seegers Road | Arlington Heights | IL | 60005 | NONE | PC | General Fund | $2,500 | |||||
| Ukrainian Genocide Famine Foundation | ||||||||||||
| 2249 West Superior Street | Chicago | IL | 60612 | NONE | PC | General Fund | $5,000 | |||||
| VetVoice Foundation | ||||||||||||
| PO Box 11559 | Portland | OR | 97211 | NONE | PC | General Fund | $25,000 | |||||
| Chicago Architecture Foundation | ||||||||||||
| 111 E Wacker Drive | Chicago | IL | 60601 | NONE | PC | General Fund | $5,000 | |||||
| Chicago Association of Veterans of WWII | ||||||||||||
| 6411 NTroy Ave | Chicago | IL | 60645 | NONE | PC | General Fund | $27,700 | |||||
| Illinois Holocaust Museum | ||||||||||||
| 9603 Woods Drive | Skokie | IL | 60077 | NONE | PC | General Fund | $55,000 | |||||
| Lyric Opera of Chicago | ||||||||||||
| 20 N Wacker Drive Suite 860 | Chicago | IL | 60606 | NONE | PC | General Fund | $10,000 | |||||
| Saved Dreams Foundation | ||||||||||||
| 2111 Knollcrest Drive | Arlington | TX | 76014 | NONE | PC | General Fund | $9,000 | |||||
| St Nicholas UK Catholic School | ||||||||||||
| 2200 West Rice Street | Chicago | IL | 60622 | NONE | PC | General Fund | $50,000 | |||||
| TAPS Ukraine | ||||||||||||
| 3033 Wilson Blvd Third Floor | Arlington | VA | 22201 | NONE | PC | General Fund | $1,560 | |||||
| The Feminist Majority | ||||||||||||
| 1600 Wilson Blvd Suite 801 | Arlington | VA | 22209 | NONE | PC | General Fund | $2,500 | |||||
| The Honeycomb Project | ||||||||||||
| 1030 W North Ave Suite 303 | Chicago | IL | 60642 | NONE | PC | General Fund | $23,000 | |||||
| The Museum of Contemporary Art | ||||||||||||
| 220 E Chicago Ave | Chicago | IL | 60611 | NONE | PC | General Fund | $5,000 | |||||
| The Young Center for Immigrant Children | ||||||||||||
| 2245 S Michigan Ave Suite 301 | Chicago | IL | 60616 | NONE | PC | General Fund | $35,000 | |||||
| Ukrainian National Museum | ||||||||||||
| 2249 W Superior St | Chicago | IL | 60612 | NONE | PC | General Fund | $5,000 | |||||
| UofC Young Innovators | ||||||||||||
| 5235 S Harper Court | Chicago | IL | 60615 | NONE | PC | General Fund | $175,000 | 4th Floor | ||||
| Voice Health Institute | ||||||||||||
| One Bowdoin Square 11th Floor | Boston | MA | 02114 | None | PC | General Fund | $200,000 | |||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $4,363,941 | 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 | $54,266 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $913,243 | 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 | $568,436 | 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 (9 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt | BusinessBusinessCd |
|---|---|---|---|
| TACONIC CRE INVESTMENT FUNDS K-1 | 16 | $13,407 | |
| TCP DIRECT LENDING FUND VIII-L, LLC | 16 | $90,667 | 523000 |
| TACONIC CRE DISLOCATION FUND II L.P. | 16 | $1,841 | |
| DAVIDSON KEMPER INSTITUTIONAL PARTNERS LP | 16 | $436,774 | |
| LONGFORD CAPITAL FUND | 16 | $4,719 | |
| BLACK ROCK DIRECT LENDING FEEDER IX-U LP | 16 | $211,861 | |
| MONROE CAPITAL K-1 | 16 | $200,747 | |
| PFIC INCOME/LOSS | 16 | -$26,712 | |
| BNY MELLON - OTHER INCOME | 16 | $129,667 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $2,598,916 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $2,598,916 | 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 | Michael P Polsky | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One South Wacker Drive Suite 1810 | AddressLine1Txt |
| City | Chicago | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60606 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $814,752 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | SHOPIFY | NoncashPropertyDesc |
| Fair Market Value | $608,200 | FairMarketValueAmt |
| Received | 2023-05-17 | ReceivedDt |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $11,900 | Amt |
| Net Investment Income | $11,900 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (11 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| PINEHURST INSTITUTION | $1,471,004 | $2,837,285 |
| TACONIC CRE INVESTMENT FUNDS | $613,468 | $469,375 |
| TCP DIRECT LENDING FUND VIII | $1,050,575 | $1,013,015 |
| TACONIC CRE DISLOCATION FUND I | $1,097,670 | $1,255,839 |
| BLACK ROCK DIRECT LENDING FEED | $1,846,557 | $1,782,391 |
| DAVIDSON KEMPER | $9,015,298 | $8,940,581 |
| LONGFORD CAPITAL FUND | $381,679 | $522,167 |
| VOLEON COMPOSITION INT'L FUND | $977,006 | $1,355,844 |
| BNY SECURITIES | $37,742,106 | $29,902,707 |
| SCHWAB SECURITIES X4302 | $2,629,992 | $1,272,912 |
| MONROE CAPITAL | $1,994,502 | $2,510,429 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $24,238 | LegalFeesAmt |
| Net Investment Income | $24,238 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (3 entries)
| DescDesc | AmtAmt |
|---|---|
| INCOME FROM PFIC | $174,035 |
| ADJ. TO K-1 BALANCES | $218,090 |
| ADJ. TO PRIOR PERIOD BALANCES | $4,328,288 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| OTHER EXPENSES | $23,165 | $23,165 | $0 | $0 |
| BANK SERVICE CHARGES | $16,504 | $16,504 | ||
| CHARITABLE EVENTS | $57,356 | $0 | $0 | $57,356 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (9 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| TACONIC CRE INVESTMENT FUNDS K-1 | $13,407 | $13,407 | $0 |
| TCP DIRECT LENDING FUND VIII-L, LLC | $90,667 | $90,675 | $0 |
| TACONIC CRE DISLOCATION FUND II L.P. | $1,841 | $1,841 | $0 |
| LONGFORD CAPITAL FUND III, LP | $4,719 | $4,787 | |
| DAVIDSON KEMPNER INSTITUTIONAL PARTNERS | $436,774 | $436,722 | |
| Blackrock Direct Lending Feeder IX-U LP | $211,861 | $211,861 | $0 |
| Monroe Capital | $200,747 | $200,747 | $0 |
| PFIC INCOME/LOSS | -$26,712 | -$26,712 | |
| BNY MELLON - OTHER INCOME | $129,667 | $129,667 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| CONSULTING | $400 | $400 |
| INVESTMENT MANAGEMENT FEES | $22,555 | $22,555 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| STATE TAXES - IL | $1,015 | $1,000 | $0 | $15 |
| FEDERAL TAXES | $179,998 | $0 | $0 | $0 |
| FOREIGN TAXES | $10,996 | $10,996 | $0 | $0 |
Comments