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BUSCH FAMILY FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
BUSCH FAMILY FOUNDATION (EIN 77-0356496)
Tax period
2023-08-01 to 2024-07-31
Filed
2024-12-13
IRS object ID
202433489349100013
Schema version
2023v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-12-13T09:44:00-08:00ReturnTs
Tax Period End2024-07-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN371420474PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Fontanello Duffield & Otake LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line144 Montgomery Street Suite 1305AddressLine1Txt
CitySan FranciscoCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94104ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-08-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN770356496EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Busch Family FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBUSCBusinessNameControlTxt
Phone8319157289PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO Box 221818AddressLine1Txt
CityCarmelCityNm
State AbbreviationCAStateAbbreviationCd
ZIP93922ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRALPH B BUSCH IIIPersonNm
Person TitlePresidentPersonTitleTxt
Signature2024-12-13SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCarol DuffieldPreparerPersonNm
PTINP01257136PTIN
Phone4159830200PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,753,437FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$252InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$252InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$59,746DividendsRevAndExpnssAmt
Dividends Net Invst Incm$59,746DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$37,677NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$828,252GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$37,677CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$97,675TotalRevAndExpnssAmt
Total Net Invst Incm$97,675TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$6,000AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$3,000AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$3,000AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$12,541OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$12,541OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$1,391TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$790OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$790OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$20,722TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$15,541TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$3,790TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$82,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$82,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$102,722TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$15,541TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$85,790TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$5,047ExcessRevenueOverExpensesAmt
Net Investment Income$82,134NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$9,864CashBOYAmt
Cash EOY$9,684CashEOYAmt
Cash EOYFMV$9,684CashEOYFMVAmt
Sav And Temp Cash Invst BOY$7,536SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$11,393SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$11,393SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$574,012CorporateStockBOYAmt
Corporate Stock EOY$388,380CorporateStockEOYAmt
Corporate Stock EOYFMV$629,203CorporateStockEOYFMVAmt
Other Investments BOY$898,511OtherInvestmentsBOYAmt
Other Investments EOY$1,075,736OtherInvestmentsEOYAmt
Other Investments EOYFMV$1,102,902OtherInvestmentsEOYFMVAmt
Other Assets BOY$255OtherAssetsBOYAmt
Other Assets EOY$255OtherAssetsEOYAmt
Other Assets EOYFMV$255OtherAssetsEOYFMVAmt
Total Assets BOY$1,490,178TotalAssetsBOYAmt
Total Assets EOY$1,485,448TotalAssetsEOYAmt
Total Assets EOYFMV$1,753,437TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$1,490,178NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$1,485,448NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$1,490,178TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,485,448TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,490,178TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,485,448TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,490,178TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$5,047ExcessRevenueOverExpensesAmt
Other Increases$317OtherIncreasesAmt
Subtotal$1,485,448SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,485,448TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmtCost Or Other BasisCostOrOtherBasisAmt
Capital Gain DistributionsP2000-01-012024-07-31$17,120$17,120$17,120
Sale of Publicily Traded SecuritiesP2000-01-012024-07-31$811,132$20,557$20,557$790,575
FieldValueIRS element (for citing)
Capital Gain Net Income$37,677CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,142InvestmentIncomeExciseTaxAmt
Subtotal$1,142SubtotalAmt
Tax Based On Investment Income$1,142TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Tax Due$1,142TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Michael Green & AssociatesBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8319157289PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1PO Box 221818AddressLine1Txt
CityCarmelCityNm
State AbbreviationCAStateAbbreviationCd
ZIP93922ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

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

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (6 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Ralph B Busch III
93 Corral De Tierra TerraceSalinasCA939089146President1.00$0
Gregory J Busch
93 Corral De Tierra TerraceSalinasCA939089146Vice President1.00$0
Frank B Busch
150 San Benicio RdSalinasCA939089146Vice President1.00$0
Peters Busch
93 Corral De Tierra TerraceSalinasCA939089146CFO1.00$0
Ellyn D Busch Essig
93 Corral De Tierra TerraceSalinasCA939089146Secretary1.00$0
Jeffrey D Busch
93 Corral De Tierra TerraceSalinasCA939089146Director1.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,648,369AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$57,097AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,705,466TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,705,466AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$25,582CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,679,884NetVlNoncharitableAssetsAmt
Minimum Investment Return$83,994MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$83,994MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,142TaxBasedOnInvestmentIncomeAmt
Total Tax$1,142TotalTaxAmt
Distributable Before Adj$82,852DistributableBeforeAdjAmt
Distributable Before Ded$82,852DistributableBeforeDedAmt
Distributable As Adjusted$82,852DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$85,790ExpensesAndContributionsAmt
Qualifying Distributions$85,790QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$82,852DistributableAsAdjustedAmt
Undistributed Income PY$79,447UndistributedIncomePYAmt
Qualifying Distributions$85,790QualifyingDistributionsAmt
Applied To Year1$79,447AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$6,343AppliedToCurrentYearAmt
Undistributed Income CY$76,509UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerRalph B Busch IIIContributingManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonRalph B Busch IIIRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1PO Box 221818AddressLine1Txt
CityCarmelCityNm
State AbbreviationCAStateAbbreviationCd
ZIP93922ZIPCd
FieldValueIRS element (for citing)
Recipient Phone8319157289RecipientPhoneNum
Form And Info And MaterialsLetterFormAndInfoAndMaterialsTxt
Submission DeadlinesNo DeadlineSubmissionDeadlinesTxt
Restrictions On AwardsNo Restrictions or Limitations on Rewards.RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (8 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Olive Crest Hope Refuge
2130 E Fourth St Ste 200Santa AnaCA92705N/APCGeneral Support$14,000
Palma School Foundation
919 Iverson StreetSalinasCA93901N/APCGeneral Support$35,000
Jacob's Heart
567 Auto Center DriveWatsonvilleCA95076N/APCGeneral Support$5,000
Community Bridges
519 Main StreetWatsonvilleCA95076N/APCGeneral Support$5,000
St Agnes Home
10341 Manchester RoadKirkwoodMO63122N/APCGeneral Support$14,000
Museum of Ventura County
100 East Main StreetVenturaCA93001N/APCGeneral Support$2,000
Community Memorial Healthcare Found
2674 E Main St Ste E 210VenturaCA93003N/APCGeneral Support$4,000
Family Justice Center
501 W Broadway Ste A 625San DiegoCA92101N/APCGeneral Support$3,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$82,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$252ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$59,746ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$37,677ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$97,675ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$97,675TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryBookkeepingCategoryTxt
Amt$6,000Amt
Net Investment Income$3,000NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$3,000DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (9 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
Paychex Inc Com 600 Shs$24,356$76,812
Coca Cola 1,000 Shs$43,421$66,740
Lockheed Martin Corp 150 Shs$40,458$81,288
Proctor & Gamble Co 500 Shs$38,655$80,380
General Mills 1,000 Shs$44,456$67,140
Merck 600 Shs$34,712$67,878
Pudential Finanancial 500 Shs$50,379$62,660
BP PLC Spons Adr 1,500 Shs$55,440$53,085
Shell PLC ADR Cl A 1,000 Shs$56,503$73,220

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (8 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
Lord Abbett Bond Debenture 20,467.490 ShAT COST$167,476$153,189
Pimco Fds Income Fd Instl 13,765.458 ShsAT COST$166,559$153,732
Blackrock Health Sciences Opp 823.381 ShAT COST$116,820$120,817
Columbia Fund Tr Mid Cap In 3,935.836 ShAT COST$114,868$117,151
Columbia Seligman Tech & Info 505.726 ShAT COST$99,581$116,543
Vanguard Index 500 Admiral 149.416 ShsAT COST$106,126$135,004
Goldman Sachs Fncl 152,262 ShsAT COST$152,262$152,262
Thonburg Invt Tr 13,432 ShsAT COST$152,044$154,204

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescOrganizational CostsDesc
BOY Book Value$255BOYBookValueAmt
EOY Book Value$255EOYBookValueAmt
EOYFMV$255EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Filing Fees$70$70
Office Expense$720$720

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
ADR Fees$30$30$0$0
Investment Management Fees$12,511$12,511$0$0

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryExcise TaxCategoryTxt
Amt$1,391Amt

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