THE SUMNER FAMILY FOUNDATION INC: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
THE SUMNER FAMILY FOUNDATION INC (EIN 47-4017008)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-06-15
IRS object ID
202321669349100017
Schema version
2022v5.0
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)
Return2023-06-15T12:17:31-05:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN221914497PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Olsen & Thompson PABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1970 Mount Kemble AveAddressLine1Txt
CityMorristownCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07960ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN474017008EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE SUMNER FAMILY FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSUMNBusinessNameControlTxt
Phone9084392047PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line177 HOMESTEAD ROADAddressLine1Txt
CityCALIFONCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07830ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonARIA D PARDILLAPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone9084392047PhoneNum
Signature2023-06-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstARIAPersonFirstNm
Person LastPARDILLAPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPETER C OLSEN CPAPreparerPersonNm
PTINP00161978PTIN
Phone9734253212PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$131,210,172FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$118,050,000ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$506,944DividendsRevAndExpnssAmt
Dividends Net Invst Incm$506,944DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$54,650NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$2,103,893GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$8,321,591OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$8,321,591OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$126,823,885TotalRevAndExpnssAmt
Total Net Invst Incm$8,828,535TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$0CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$0CompOfcrDirTrstDsbrsChrtblAmt
Legal Fees Rev And Expnss$982LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$491LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl$491LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$11,450AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$5,725AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$5,725AccountingFeesChrtblPrpsAmt
Interest Rev And Expnss$44InterestRevAndExpnssAmt
Interest Net Invst Incm$44InterestNetInvstIncmAmt
Interest Dsbrs Chrtbl$0InterestDsbrsChrtblAmt
Taxes Rev And Expnss$101,075TaxesRevAndExpnssAmt
Taxes Net Invst Incm$483TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$0TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$58,366OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$51,283OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$0OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$171,917TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$58,026TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$6,216TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,983,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,983,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$2,155,417TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$58,026TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$1,989,716TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$124,668,468ExcessRevenueOverExpensesAmt
Net Investment Income$8,770,509NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$136,323SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$5,408,188SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$5,409,424SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$10,916,768OtherInvestmentsBOYAmt
Other Investments EOY$130,313,371OtherInvestmentsEOYAmt
Other Investments EOYFMV$125,800,748OtherInvestmentsEOYFMVAmt
Total Assets BOY$11,053,091TotalAssetsBOYAmt
Total Assets EOY$135,721,559TotalAssetsEOYAmt
Total Assets EOYFMV$131,210,172TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$0CapitalStockBOYAmt
Capital Stock EOY$0CapitalStockEOYAmt
Additional Paid In Capital BOY$0AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY$0AdditionalPaidInCapitalEOYAmt
Retained Earning BOY$11,053,091RetainedEarningBOYAmt
Retained Earning EOY$135,721,559RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$11,053,091TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$135,721,559TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$11,053,091TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$135,721,559TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$11,053,091TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$124,668,468ExcessRevenueOverExpensesAmt
Other Increases$0OtherIncreasesAmt
Subtotal$135,721,559SubtotalAmt
Other Decreases$0OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$135,721,559TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (6 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
GS ACCOUNT 641-2P$232,790$217,072$15,718$15,718
GS ACCOUNT 795-8P$1,115,394$1,270,469-$155,075-$155,075
GS ACCOUNT 795-8 WASH SALE ADJP$91$91$91
GS ACCOUNT 795-8P$690,319$671,002$19,317$19,317
GS ACCOUNT 795-8 WASH SALE ADJP$43$43$43
Capital Gains DividendsP$65,256$65,256$65,256
FieldValueIRS element (for citing)
Capital Gain Net Income-$54,650CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$121,910InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$121,910SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$121,910TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$51,200EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$105,000ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld$0BackupWithholdingWithheldAmt
Total Payments And Credits$156,200TotalPaymentsAndCreditsAmt
Es Penalty$0EsPenaltyAmt
Overpayment$34,290OverpaymentAmt
Applied To ES Tax$34,290AppliedToESTaxAmt
Refund$0RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political Acty0LegislativePoliticalActyInd
More Than100 Spent0MoreThan100SpentInd
Form1120 POL Filed0Form1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws0ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (1)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Org Report Or Register StateNJOrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen0Form990PFFiledWithAttyGenInd
Private Operating Foundation0PrivateOperatingFoundationInd
New Substantial ContributorsYes (1)NewSubstantialContributorsInd
Own Controlled Entity0OwnControlledEntityInd
Donor Advised Fund0DonorAdvisedFundInd
Comply With Public Insp RqrYes (1)ComplyWithPublicInspRqrInd
Website AddressNONEWebsiteAddressTxt
Individual With BooksARIA D PARDILLAIndividualWithBooksNm
Phone9738791586PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line177 HOMESTEAD RDAddressLine1Txt
CityCALIFONCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07830ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts Question0ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified Prsn0SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn0BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn0FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn0PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn0TransferAstDisqualifiedPrsnInd
Payment To Government Official0PaymentToGovernmentOfficialInd
Uncorrected Prior Acts0UncorrectedPriorActsInd
Undistributed Income PY0UndistributedIncomePYInd
Business HoldingsYes (1)BusinessHoldingsInd
Excess Business Holdings0ExcessBusinessHoldingsInd
Jeopardy Investments0JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst0UncorrectedPYJeopardyInvstInd
Influence Legislation0InfluenceLegislationInd
Influence Election0InfluenceElectionInd
Grants To Individuals0GrantsToIndividualsInd
Grants To Organizations0GrantsToOrganizationsInd
Noncharitable Purpose0NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
GARY PRINCE
430 MOUNTAIN AVE STE 113NEW PROVIDENCENJ07974TRUSTEE1.00$0$0$0
ARIA D PARDILLA
52 FOX HILL RDCALIFONNJ07830TRUSTEE1.00$0$0$0
PETER OLSEN
970 MT KEMBLE AVEMORRISTOWNNJ07960TRUSTEE1.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$12,713,011AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$82,307,417FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$95,020,428TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$95,020,428AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$1,425,306CashDeemedCharitableAmt
Net Vl Noncharitable Assets$93,595,122NetVlNoncharitableAssetsAmt
Minimum Investment Return$4,679,756MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$4,679,756MinimumInvestmentReturnAmt
Tax Based On Investment Income$121,910TaxBasedOnInvestmentIncomeAmt
Total Tax$121,910TotalTaxAmt
Distributable Before Adj$4,557,846DistributableBeforeAdjAmt
Recoveries Qualfied Distri$0RecoveriesQualfiedDistriAmt
Distributable Before Ded$4,557,846DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$4,557,846DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,989,716ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$1,989,716QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$4,557,846DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr3$69,458ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$84,509ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$1,667,125ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$1,821,092TotalExcessDistributionCyovAmt
Qualifying Distributions$1,989,716QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$1,989,716AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$1,821,092ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$1,821,092ExcessDistributionCyovAppCYAmt
Total Corpus$0TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$0PriorYearDeficiencyOrTaxAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$747,038UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$0CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$0ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$0ExcessDistriCyovToNextYrAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (20 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
AHS HOSPITAL
100 MADISON AVENUEMORRISTOWNNJ07960NONEPUBLIC CHARITYGENERAL SUPPORT$150,000
AUTHORS LEAGUE FUND
155 WATER STREET 206BROOKLYNNY11201NONEPUBLIC CHARITYGENERAL SUPPORT$30,000
BAIL PROJECTS INC
PO BOX 750VENICECA902940750NONEPUBLIC CHARITYGENERAL SUPPORT$300,000
DATAKIND INC
419 McDONALD AVENUE SUITE 180184BROOKLYNNY11218NONEPUBLIC CHARITYGENERAL SUPPORT$10,000
FAR HILLS COUNTRY DAY SCHOOL
697 US 202FAR HILLSNJ07931NONEPUBLIC CHARITYGENERAL SUPPORT$20,000
FREEDOM HOUSE
1 ANN STREETMORRISTOWNNJ07960NONEPUBLIC CHARITYGENERAL SUPPORT$25,000
GIVE DIRECTLY
PO BOX 3221NEW YORKNY10008NONEPUBLIC CHARITYGENERAL SUPPORT$650,000
INNOVATIONS FOR POVERTY
101 WHITNEY AVE 2ND FLOORNEW HAVENCT06510NONEPUBLIC CHARITYGENERAL SUPPORT$250,000
NEW JERSEY CONSERVATION FOUNDATION
170 LONGVIEW ROADFAR HILLSNJ07931NONEPUBLIC CHARITYGENERAL SUPPORT$10,000
OXFAM
226 CAUSEWAY ST 5TH FLOORBOSTONMA02114NONEPUBLIC CHARITYGENERAL SUPPORT$100,000
COMMUNITY FOOD BANK OF NJ
31 EVANS TERMINALHILLSIDENJ07205NONEPUBLIC CHARITYGENERAL SUPPORT$300,000
TRUSTEES OF NEWARK ACADEMY
91 SOUTH ORANGE AVENUELIVINGSTONNJ07039NONEPUBLIC CHARITYGENERAL SUPPORT$51,000
YOUNG AUDIENCES OF NJ AND EASTERN PA
BOX 3175PRINCETONNJ08540NONEPUBLIC CHARITYGENERAL SUPPORT$30,000
WORLD CENTRAL KITCHEN INC
200 MASSACHUSETTS AVE NW 7TH FLWASHINGTONDC20001NONEPUBLIC CHARITYGENERAL SUPPORT$10,000
THE SOMO PROJECT
543 WEST 122ND ST 22GNEW YORKNY10027NONEPUBLIC CHARITYGENERAL SUPPORT$10,000
MEDIA ART XPLORATION INC
187 JORDAN AVESAN FRANCISCOCA94118NONEPUBLIC CHARITYGENERAL SUPPORT$10,000
LIFECAMP
53 MAPLE AVENUEMORRISTOWNNJ07960NONEPUBLIC CHARITYGENERAL SUPPORT$10,000
OLDWICK FIRE COMPANY
BOX 83OLDWICKNJ08858NONEPUBLIC CHARITYGENERAL SUPPORT$10,000
RAITAN HEADWATERS ASSOCIATION
PO BOX 273GLADSTONENJ07934NONEPUBLIC CHARITYGENERAL SUPPORT$5,000
TEWKSBURY LAND TRUST
PO BOX 490OLDWICKNJ08858NONEPUBLIC CHARITYGENERAL SUPPORT$2,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,983,500TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$506,944ExclusionAmt

Other Investment Income OtherInvestmentIncomeGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$8,321,591ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$54,650ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$8,773,885ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$8,773,885TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO0TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO0TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO0PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets0RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements0ReimbursementArrangementsInd
Loans Or Loan Guarantees0LoansOrLoanGuaranteesInd
Performance Of Services Etc0PerformanceOfServicesEtcInd
Sharing Of Facilities Etc0SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO0RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

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

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1ERIC SUMNER ESTATEBusinessNameLine1Txt

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line177 HOMESTEAD ROADAddressLine1Txt
CityCALIFONCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07831ZIPCd
FieldValueIRS element (for citing)
Total Contributions$118,050,000TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash PropertyINVESTMENTS IN LION CAVE CAPITAL, LION CAVE FUNDING AND LION CAVE MANAGEMENTNoncashPropertyDesc
Fair Market Value$118,050,000FairMarketValueAmt
Received2022-04-14ReceivedDt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryTAX PREPARATIONCategoryTxt
Amt$11,450Amt
Net Investment Income$5,725NetInvestmentIncomeAmt
Disbursements Charitable Prps$5,725DisbursementsCharitablePrpsAmt

Expln Of Non Filing With AG Stmt ExplnOfNonFilingWithAGStmt

FieldValueIRS element (for citing)
ExplanationPrivate Foundations are not required to send in a copy of the return to the State of NJ nor are they required to file online.ExplanationTxt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (5 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
GOLDMAN SACHS 795-8AT COST$5,127,668$6,107,451
GOLDMAN SACHS 641-2AT COST$5,720,069$5,577,297
INVESTMENT IN LION CAVE FUNDINGAT COST$115,281,801$105,583,000
INVESTMENT IN LION CAVE MANAGEMENTAT COST$21,644$0
INVESTMENT IN LION CAVE CAPITALAT COST$4,162,189$8,533,000

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLEGAL FEESCategoryTxt
Legal Fees$982LegalFeesAmt
Net Investment Income$491NetInvestmentIncomeAmt
Disbursements Charitable Prps$491DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
INVESTMENT MANAGEMENT FEES$51,283$51,283$0
LION CAVE CAPITAL - NONDEDUCTIBLE EXP$7,083$0$0

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmt
MISCELLANEOUS INVESTMENT INC$2,359$2,359$2,359
ORDINARY INCOME - LCF LLC$9,943,231$9,943,231$9,943,231
ORDINARY INCOME - LCM LLC$21,644$21,644$21,644
ORDINARY INCOME - LCC LLC-$1,645,643-$1,645,643-$1,645,643

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ERIC SUMNER ESTATEBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line177 HOMESTEAD ROADAddressLine1Txt
CityCALIFONCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07830ZIPCd

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXCISE TAX$100,592$0$0
FOREIGN TAXES$483$483$0

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