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HERTZ AND LIBBY HASENFELD CHARITABLE FOUNDATION TR: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
HERTZ AND LIBBY HASENFELD CHARITABLE FOUNDATION TR (EIN 11-6579799)
Tax period
2021-01-01 to 2021-12-31
Filed
2023-01-23
IRS object ID
202330239349100423
Schema version
2021v4.0
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)
Return2023-01-23T19:24:55-08:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN132916085PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Morris Teichman & Co PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12 WEST 45TH STREET STE 1102AddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10036ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN116579799EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1HERTZ AND LIBBY HASENFELD CHARITABLEBusinessNameLine1Txt
Business Name Line2FOUNDATION TRBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlHERTBusinessNameControlTxt
Phone7184368141PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11459 54TH STREETAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11219ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonHERTZ HASENFELDPersonNm
Person TitlePresidentPersonTitleTxt
Signature2023-01-23SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstHERTZPersonFirstNm
Person LastHASENFELDPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMATTISYAHU TEICHMANPreparerPersonNm
PTINP00448754PTIN
Phone2127269192PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-03-07 01:45:13ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$780,347FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$400,227ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$6InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$6InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$6InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$3,552DividendsRevAndExpnssAmt
Dividends Net Invst Incm$3,552DividendsNetInvstIncmAmt
Dividends Adj Net Incm$3,552DividendsAdjNetIncmAmt
Total Rev And Expnss$403,785TotalRevAndExpnssAmt
Total Net Invst Incm$3,558TotalNetInvstIncmAmt
Total Adj Net Incm$3,558TotalAdjNetIncmAmt
Taxes Rev And Expnss$300TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$100TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$30OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$30OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$330TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$30TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$100TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$363,827ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$363,827ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$364,157TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$30TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$363,927TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$39,628ExcessRevenueOverExpensesAmt
Net Investment Income$3,528NetInvestmentIncomeAmt
Adjusted Net Income$3,558AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$744,957SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$699,292SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$699,292SavAndTempCashInvstEOYFMVAmt
Corporate Stock EOY$85,293CorporateStockEOYAmt
Corporate Stock EOYFMV$81,055CorporateStockEOYFMVAmt
Total Assets BOY$744,957TotalAssetsBOYAmt
Total Assets EOY$784,585TotalAssetsEOYAmt
Total Assets EOYFMV$780,347TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$744,957NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$784,585NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$744,957TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$784,585TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$744,957TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$784,585TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$744,957TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$39,628ExcessRevenueOverExpensesAmt
Subtotal$784,585SubtotalAmt
Tot Net Ast Or Fund Balances EOY$784,585TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$49InvestmentIncomeExciseTaxAmt
Subtotal$49SubtotalAmt
Tax Based On Investment Income$49TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,035EstimatedPlusOvpmtIncmTxAmt
Extsn Request Income Tax Paid$500ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$1,535TotalPaymentsAndCreditsAmt
Overpayment$1,486OverpaymentAmt
Applied To ES Tax$1,486AppliedToESTaxAmt

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 StateNYOrgReportOrRegisterStateCd
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 Line1LIBBY HASENFELDBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2125750290PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11459 54TH STREETAddressLine1Txt
CityBrooklynCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11219ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
HERTZ HASENFELD
1459 54TH STREETBROOKLYNNY11219President0.00$0
LIBBY HASENFELD
1459 54TH STREETBROOKLYNNY11219Secretary0.00$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$25,301AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$734,299AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$759,600TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$759,600AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$11,394CashDeemedCharitableAmt
Net Vl Noncharitable Assets$748,206NetVlNoncharitableAssetsAmt
Minimum Investment Return$37,410MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$37,410MinimumInvestmentReturnAmt
Tax Based On Investment Income$49TaxBasedOnInvestmentIncomeAmt
Total Tax$49TotalTaxAmt
Distributable Before Adj$37,361DistributableBeforeAdjAmt
Distributable Before Ded$37,361DistributableBeforeDedAmt
Distributable As Adjusted$37,361DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$363,927ExpensesAndContributionsAmt
Qualifying Distributions$363,927QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$37,361DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$308,088ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$216,300ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$265,256ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$257,202ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$262,262ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$1,309,108TotalExcessDistributionCyovAmt
Qualifying Distributions$363,927QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$37,361AppliedToCurrentYearAmt
Remaining Distri From Corpus$326,566RemainingDistriFromCorpusAmt
Total Corpus$1,635,674TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$308,088ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$1,327,586ExcessDistriCyovToNextYrAmt
Excess From Year4$216,300ExcessFromYear4Amt
Excess From Year3$265,256ExcessFromYear3Amt
Excess From Year2$257,202ExcessFromYear2Amt
Excess From Year1$262,262ExcessFromYear1Amt
Excess From Current Year$326,566ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonHERTZ HASENFELDRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line11459 54TH STREETAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11219ZIPCd
FieldValueIRS element (for citing)
Form And Info And MaterialsGENERAL INFORMATION REGARDING ORGANIZATION AND TELEPHONE NUMBERFormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsNONERestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonSee Schedule AttachedRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1C/O ORGANIZATIONAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11204ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationshipTxt
Recipient Foundation StatusEXEMPTRecipientFoundationStatusTxt
Grant Or Contribution PurposeUNRESTRICTED GENERAL SUPPORTGrantOrContributionPurposeTxt
Amt$363,827Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$363,827TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$6RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$3,552RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$3,558RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$3,558TotalIncomeProducingActyAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp (3 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionIndNoncash ContributionNoncashContributionInd
HERTZ LIBBY HASENFELD
11459 54TH STREETBROOKLYNNY11219$171,335Yes (X)
A Z HASENFELD FOUNDATION INC
2580 FIFTH AV ENUENEW YORKNY10036$143,599Yes (X)
HERTZ LIBBY HASENFELD
31459 54TH STREETBROOKLYNNY11219$85,293Yes (X)

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor3ContributorNum
Noncash Property1,300 SHARES OF BRISTOL-MYERS SQUIBBNoncashPropertyDesc
Fair Market Value$85,293FairMarketValueAmt
Received2021-09-03ReceivedDt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
Stock1,300 Shares BRISTOL-MYERS SQUIBBStockNm
EOY Book Value$85,293EOYBookValueAmt
EOYFMV$81,055EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescBANK CHARGESDesc
Revenue And Expenses Per Books$30RevenueAndExpensesPerBooksAmt
Net Investment Income$30NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FEDERAL EXCISE TAX$200
NYS FILING FEE$100$100

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