W K KELLOGG FOUNDATION TRUST-T/A 5315: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- W K KELLOGG FOUNDATION TRUST-T/A 5315 (EIN 36-6030614)
- Tax period
- 2021-09-01 to 2022-08-31
- Filed
- 2023-07-14
- IRS object ID
- 202301959349100215
- Schema version
- 2021v4.2
- 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
- Accounting Fees Schedule
- Depreciation Schedule
- Gain Loss Sale Other Assets Sch
- General Explanation Attachment
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Legal Fees Schedule
- Mortgages And Notes Payable Sch
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Reduction Explanation Statement
- Taxes Schedule
- Transfers Frm Controlled Entities
- Transfers To Controlled Entities
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-07-14T20:00:16+00:00 | ReturnTs |
| Tax Period End | 2022-08-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 350921680 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CROWE LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 575 Market Street Suite 3300 | AddressLine1Txt |
| City | San Francisco | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 941055829 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2021-09-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 366030614 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WK Kellogg Foundation Trust - No 5315 | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | WKKE | BusinessNameControlTxt |
| Phone | 3124445615 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE MICHIGAN AVE EAST | AddressLine1Txt |
| City | BATTLE CREEK | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 49017 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Michael Weiland | PersonNm |
| Person Title | CORPORATE TRUSTEE | PersonTitleTxt |
| Signature | 2023-07-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Michael | PersonFirstNm |
| Person Last | Weiland | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DIANE KIRMACI | PreparerPersonNm |
| PTIN | P01578407 | PTIN |
| Phone | 4155761100 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $8,282,027,516 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $169,444,252 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $208,555,392 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $347,903,576 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $2,118,466,866 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $428,580,268 | CapGainNetIncmNetInvstIncmAmt |
| Gross Sales Less Ret And Allwnc | $0 | GrossSalesLessRetAndAllwncAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
| Gross Profit Rev And Expnss | $0 | GrossProfitRevAndExpnssAmt |
| Other Income Rev And Expnss | $0 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | -$14,750,952 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $0 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $517,347,828 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $622,384,708 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $4,154,212 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $3,187,761 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $415,421 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $1,187,343 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $1,012,350 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $390,890 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $346,390 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $5,287,316 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $4,949,016 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $7,329,000 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $1,691,718 | InterestNetInvstIncmAmt |
| Interest Dsbrs Chrtbl | $7,329,000 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $7,000,363 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $1,819,011 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $0 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $11,276 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $0 | DeprecAndDpltnAdjNetIncmAmt |
| Trav Conf Meeting Rev And Expnss | $71,029 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $56,325 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $4,968 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $7,218,262 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $6,395,591 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $65,258 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $32,638,415 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $19,469,438 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $7,814,647 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $384,020,372 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $534,020,372 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $416,658,787 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $19,469,438 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $541,835,019 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $100,689,041 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $602,915,270 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $225,147,540 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $49,233,116 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $49,233,116 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl BOY | $0 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $0 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $0 | AcctRcvblEOYFMVAmt |
| Pledges Rcvbl BOY | $0 | PledgesRcvblBOYAmt |
| Pledges Rcvbl EOY | $0 | PledgesRcvblEOYAmt |
| Pledges Rcvbl EOYFMV | $0 | PledgesRcvblEOYFMVAmt |
| Rcvbl From Officers BOY | $0 | RcvblFromOfficersBOYAmt |
| Rcvbl From Officers EOY | $0 | RcvblFromOfficersEOYAmt |
| Rcvbl From Officers EOYFMV | $0 | RcvblFromOfficersEOYFMVAmt |
| Other Nts And Loans Rcvbl | $0 | OtherNtsAndLoansRcvblAmt |
| Other Rcvbl Allwnc Dbtfl Acct | $0 | OtherRcvblAllwncDbtflAcctAmt |
| Other Nts And Loans Rcvbl BOY | $0 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $0 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $0 | OtherNtsAndLoansRcvblEOYFMVAmt |
| US Government Obligations BOY | $145,086,102 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $81,935,728 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $81,935,728 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $4,094,008,359 | CorporateStockBOYAmt |
| Corporate Stock EOY | $4,495,166,530 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $4,495,166,530 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $35,499,120 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $38,317,070 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $38,317,070 | CorporateBondsEOYFMVAmt |
| Invst Land Cost Or Other Basis | $0 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $0 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments BOY | $0 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOYFMV | $0 | LandBldgInvestmentsEOYFMVAmt |
| Other Investments BOY | $3,811,472,381 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $3,581,189,691 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $3,581,189,691 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $0 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $0 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $0 | LandBOYAmt |
| Land EOYFMV | $0 | LandEOYFMVAmt |
| Other Assets BOY | $35,877,642 | OtherAssetsBOYAmt |
| Other Assets EOY | $36,185,381 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $36,185,381 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $8,347,091,144 | TotalAssetsBOYAmt |
| Total Assets EOY | $8,282,027,516 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $8,282,027,516 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $3,053,750 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $3,053,750 | AccountsPayableEOYAmt |
| Grants Payable BOY | $150,000,000 | GrantsPayableBOYAmt |
| Grants Payable EOY | $0 | GrantsPayableEOYAmt |
| Loans From Officers BOY | $0 | LoansFromOfficersBOYAmt |
| Loans From Officers EOY | $0 | LoansFromOfficersEOYAmt |
| Mortgages And Notes Payable BOY | $300,000,000 | MortgagesAndNotesPayableBOYAmt |
| Mortgages And Notes Payable EOY | $300,000,000 | MortgagesAndNotesPayableEOYAmt |
| Other Liabilities BOY | $71,947,565 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $70,773,482 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $525,001,315 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $373,827,232 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| Donor Rstr Net Assets BOY | $7,822,089,829 | DonorRstrNetAssetsBOYAmt |
| Donor Rstr Net Assets EOY | $7,908,200,284 | DonorRstrNetAssetsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $7,822,089,829 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $7,908,200,284 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $8,347,091,144 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $8,282,027,516 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $7,822,089,829 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $100,689,041 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $7,922,778,870 | SubtotalAmt |
| Other Decreases | $14,578,586 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $7,908,200,284 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Excess FMV Over Adjusted BssExcessFMVOverAdjustedBssAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| Publicly Traded Securities | $1,456,320,057 | $1,424,365,292 | $31,954,765 | $0 | $31,954,765 |
| Kellogg Company Stock | $162,894,943 | $3,117,193 | $159,777,750 | $0 | $159,777,750 |
| Partnership & Alternative Investments | $499,251,866 | $262,404,113 | $236,847,753 | $0 | $236,847,753 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $428,580,268 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $0 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $8,380,522 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $8,380,522 | SubtotalAmt |
| Tax Based On Investment Income | $8,380,522 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $8,416,873 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $2,000,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $10,416,873 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $2,036,351 | OverpaymentAmt |
| Applied To ES Tax | $2,036,351 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | IL | OrgReportOrRegisterStateCd |
| Org Report Or Register State | MI | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | Yes (true) | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | www.wkkf.org | WebsiteAddressTxt |
| Individual With Books | THE NORTHERN TRUST COMPANY | IndividualWithBooksNm |
| Phone | 3124445615 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 803878 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60680 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | Yes (true) | ForeignAccountsQuestionInd |
| Foreign Country | JA | ForeignCountryCd |
| Foreign Country | AS | ForeignCountryCd |
| Foreign Country | UK | ForeignCountryCd |
| Foreign Country | CA | ForeignCountryCd |
| Foreign Country | CJ | ForeignCountryCd |
| Foreign Country | DA | ForeignCountryCd |
| Foreign Country | FR | ForeignCountryCd |
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 | Yes (true) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | Yes (true) | BusinessHoldingsInd |
| Excess Business Holdings | false | ExcessBusinessHoldingsInd |
| 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 | Yes (true) | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (true) | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 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 |
|---|---|---|---|---|---|---|---|---|
| LA JUNE MONTGOMERY TABRON | ||||||||
| ONE MICHIGAN AVENUE EAST | BATTLE CREEK | MI | 49017 | TRUSTEE | 2.000 | $0 | $0 | $32,629 |
| STEVEN A CAHILLANE | ||||||||
| One Kellogg Square | Battle Creek | MI | 49016 | TRUSTEE | 2.000 | $0 | $0 | $32,629 |
| RAMON MURGUIA | ||||||||
| ONE MICHIGAN AVENUE EAST | BATTLE CREEK | MI | 49017 | TRUSTEE | 2.000 | $40,000 | $0 | $32,629 |
| THE NORTHERN TRUST COMPANY | ||||||||
| 50 South LaSalle St B10 | Chicago | IL | 606031006 | CORPORATE TRUSTEE | 40.000 | $4,114,212 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt | Address Line2USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|
| MAYER BROWN LLP | ||||||
| 71 SOUTH WACKER DRIVE | CHICAGO | IL | 606064637 | LEGAL ADVISORY | $1,145,269 | |
| THE NORTHERN TRUST COMPANY | ||||||
| 50 SOUTH LASALLE ST B10 | CHICAGO | IL | 606031006 | INVESTMENT ADVISORY/CUSTODIAN | $822,842 | |
| ALBOURNE AMERICA LLC | ||||||
| 655 MONTGOMERY STREET | SAN FRANCISCO | CA | 94111 | INVESTMENT ADVISORY | $494,667 | SUITE 1910 |
| JPMORGAN CHASE BANK NA | ||||||
| 10 SOUTH DEARBORN | CHICAGO | IL | 606032300 | BANKING/LENDING SERVICE | $304,161 | |
| JP Morgan Investment Management Inc | ||||||
| PO Box 27169 | New York | NY | 100877169 | INVESTMENT ADVISORY | $263,005 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 1 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $5,821,494,899 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $91,229,279 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $1,955,961,570 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $7,868,685,748 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $343,201,173 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $7,868,685,748 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $118,030,286 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $7,750,655,462 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $387,532,773 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $387,532,773 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $8,380,522 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $403,276 | IncomeTaxAmt |
| Total Tax | $8,783,798 | TotalTaxAmt |
| Distributable Before Adj | $378,748,975 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $378,748,975 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $378,748,975 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $541,835,019 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $541,835,019 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $378,748,975 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2019 | PriorYear1Yr |
| Prior Year2 | 2018 | PriorYear2Yr |
| Prior Year3 | 2017 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $0 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $0 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $0 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $0 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $145,068,259 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $145,068,259 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $541,835,019 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $378,748,975 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $163,086,044 | RemainingDistriFromCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $308,154,303 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $308,154,303 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $0 | ExcessFromYear4Amt |
| Excess From Year3 | $0 | ExcessFromYear3Amt |
| Excess From Year2 | $0 | ExcessFromYear2Amt |
| Excess From Year1 | $145,068,259 | ExcessFromYear1Amt |
| Excess From Current Year | $163,086,044 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WK Kellogg Foundation | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One Michigan Avenue East | AddressLine1Txt |
| City | Battle Creek | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 49017 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | NONE | RecipientRelationshipTxt |
| Recipient Foundation Status | PF | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | Funding the Foundation's charitable activities | GrantOrContributionPurposeTxt |
| Amt | $534,020,372 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $534,020,372 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $169,444,252 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 901101 | BusinessCd |
| Unrelated Business Taxbl Incm | $4,718,451 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $343,185,125 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $4,718,451 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $512,629,377 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $517,347,828 | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Accounting Fees | CategoryTxt |
| Amt | $390,890 | Amt |
| Net Investment Income | $346,390 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | Depletion from Partnerships | PropertyDesc |
| Net Investment Income | $11,276 | NetInvestmentIncomeAmt |
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (3 entries)
| AssetAssetDesc | Gross Sales PriceGrossSalesPriceAmt | BasisBasisAmt | Total NetTotalNetAmt |
|---|---|---|---|
| PARTNERSHIP & ALTERNATIVE INVESTMENTS | $499,251,866 | $345,923,466 | $153,328,400 |
| KELLOGG COMPANY STOCK | $162,894,943 | $274,533 | $162,620,410 |
| PUBLICLY TRADED SECURITIES | $1,456,320,057 | $1,424,365,291 | $31,954,766 |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp (7 entries)
| IdentifierIdentifierTxt | Form And Line ReferenceFormAndLineReferenceDesc | Medium ExplanationMediumExplanationTxt |
|---|---|---|
| CONTRIBUTIONS TO PRESELECTED CHARITABLE ORGANIZATIONS | Form 990-PF, Part XIV, Line 2a | Under the terms of the agreement ("Agreement") creating Trust 5315 (a/k/a W.K. Kellogg Foundation Trust), all income is paid to the W.K. Kellogg Foundation, a Michigan nonprofit corporation, whose address is One Michigan Avenue East, Battle Creek, Michigan 49017. The W.K. Kellogg Foundation is a private foundation exempt from tax under Section 501(c)(3) of the Internal Revenue Code. |
| MORTGAGES AND OTHER NOTES PAYABLE, PURPOSE OF LOAN | Form 990-PF, Part II, Line 21 | THE W.K. KELLOGG FOUNDATION TRUST ("TRUST") ISSUED THE SOCIAL BONDS TO DISTRIBUTE THE PROCEEDS TO THE W.K. KELLOGG FOUNDATION ("FOUNDATION"), TO INCREASE THE FOUNDATION'S GRANTMAKING, TO ADDRESS CRITICAL NEEDS OF CHILDREN, FAMILIES AND COMMUNITIES IN THE WAKE OF THE GLOBAL PANDEMIC, AS WELL AS URGENT ISSUES OF RACIAL INJUSTICE. |
| COMPENSATION | Form 990-PF, Part VII, Line 1 | LA JUNE MONTGOMERY TABRON AND STEVEN A. CAHILLANE DID NOT RECEIVE COMPENSATION FROM THE TRUST FOR SERVICES PERFORMED DURING THE YEAR ENDED AUGUST 31, 2022. THE AMOUNTS SHOWN IN COLUMN (E) ARE THE COMPENSATORY PORTION OF THE D&O LIABILITY PREMIUM FOR EACH INDIVIDUAL TRUSTEE. THIS AMOUNT IS INCLUDED IN THE INSURANCE EXPENSE ON PART I, LINE 23. |
| EXPENDITURE RESPONSIBILITY | Form 990-PF, Part VI, Section B Line 5c | Under the terms of the agreement ("Agreement") creating Trust 5315 (a/k/a W.K. Kellogg Foundation Trust), all income is paid to the W.K. Kellogg Foundation, a Michigan nonprofit corporation, whose address is One Michigan Avenue East, Battle Creek, Michigan 49017. The W.K. Kellogg Foundation is a private foundation exempt from tax under Section 501(c)(3) of the Internal Revenue Code. During the fiscal year ended August 31, 2022, 15 payments in the aggregate amount of $534,020,372 were made from Trust 5315 to the W.K. Kellogg Foundation on the dates in the amounts set forth below: 09/27/2021: 50,000,000 10/12/2021: 41,000,000 11/02/2021: 15,000,000 11/09/2021: 25,500,000 12/20/2021: 44,500,000 01/25/2022: 55,000,000 01/28/2022: 100,019,633 02/07/2022: 739 03/09/2022: 20,000,000 04/12/2022: 52,000,000 05/10/2022: 20,000,000 06/08/2022: 20,000,000 07/21/2022: 65,000,000 08/09/2022: 10,000,000 08/29/2022: 16,000,000 --------------------------------- TOTAL: $534,020,372 Pursuant to the terms of the Agreement, the funds distributed from Trust 5315 ("the Trust") to the W.K. Kellogg Foundation (the "Foundation") are used exclusively for those charitable purposes set forth in the Articles of Association of the Foundation. In order for the Foundation to remain eligible to receive distributions from the Trust, the Foundation is required to comply with a number of conditions. These conditions include submission of reports and a prohibition against diversion of the funds of the Foundation for any other purpose other than charitable. The Trustees of the Foundation meet at least monthly and submit to the Trustees of the Trust a copy of the minutes of each meeting of the Trustees together with copies of the minutes of the committees of the Board of Trustees and bi-monthly reports of the President, Secretary and Treasurer of the Foundation. The Foundation also submits to the Trustees of the Trust an annual audit and an annual report, and has submitted a report dated June 28, 2023, including attachments, further detailing its redistribution of amounts received from the Trust. These reports, collectively, reflect the expenditure by the Foundation exclusively for its charitable purposes of all funds received by it from the Trust. As of August 31, 2022, the Foundation has expended all funds received by it from the Trust for the fiscal year ended August 31, 2021, and has expended $385,021,619 of the funds received by it from the Trust during the fiscal year ended August 31, 2022. Pursuant to Treas. Reg. 53.4945-5(b)(2), the Trustees of the Trust have verified that the Foundation has complied with the terms and conditions of the Agreement. Also, the Trustees of the Trust obtain written commitments by the Foundation which satisfy Treas. Reg. 53.4945-5(b)(3). To the knowledge of the Trustees of the Trust, there has been no diversion of any portion of the funds paid from the Trust to the Foundation from the charitable purposes specified for such funds. |
| LIST OF OFFICERS, DIRECTORS AND TRUSTEES | Form 990-PF, Part VII, Line 1 | DURING THE FISCAL YEAR ENDED AUGUST 31, 2022, RAMON MURGUIA ALSO SERVED AS A TRUSTEE OF THE W.K. KELLOGG FOUNDATION ("FOUNDATION") AND LA JUNE MONTGOMERY TABRON ALSO SERVED AS PRESIDENT AND CEO OF THE FOUNDATION, AND AS A TRUSTEE OF THE FOUNDATION. |
| REDUCTION CLAIMED FOR BLOCKAGE | Form 990-PF, Part IX, Line 1e | During the fiscal year ended August 31, 2022 the W.K. Kellogg Foundation Trust ("Trust") owned in excess of 55 million shares of the common stock of Kellogg Company (the "Company") with a monthly average total value of shares held for the Trust's tax year of approximately $3.8 billion before blockage discount. The percentage of outstanding common stock of the Company which the Trust held during the fiscal year amounted to approximately 16-18%. The fair market value of the stock before any reduction and the amount of discount (in connection with application of the maximum 10% provided in Section 4942(e)(2)(b) of the Internal Revenue Code) is supported by an independent valuation from William Blair & Company, LLC dated September 27, 2022. The claimed discount is appropriate in valuing the Trust's shares in the Company because the shares do not represent voting control of the Company and various factors affect the influence of an approximate 16-18% block of shares. Due to the size of the block of shares, the maximum proceeds for this size block of Company shares is viewed by the valuation specialist to be through underwritten secondary offerings. The monthly blockage discount for the tax year was approximately 8.9%. Total Reduction Claimed for Blockage: $343,201,173 |
| TRANSACTIONS WITH CONTROLLED ENTITY WITHIN THE MEANING OF SECTION 512(b)(13) | Form 990-PF, Part VI, Section A Line 11 | C-III RECOVERY FUND II CO-INVESTMENT II (NY2) LP: (368,716) Net income/(loss) per Schedule K-1* LIV Mexico Growth Fund IV LP: (175,900) Net income/(loss) per Schedule K-1* 162,763 Withdrawals & distributions during the year per Schedule K-1 (2,223,399) Capital contributed during the year per Schedule K-1 ---------------- (2,236,536) Net transfer (to)/from controlled entity AVANZ EM PARTNERSHIPS FEEDER SPC: 2,237,954 Distributions received (return of capital, realized gain/(loss), and other income) (121,985) Capital contributed during the year ---------------- 2,115,969 Net transfer (to)/from controlled entity STANDARD RENEWABLES HOLDINGS LTD: No transactions TI BC CO-INVESTMENT FUND LP: 9,967 Net income/(loss) per Schedule K-1* (2,415,000) Capital contributed during the year per Schedule K-1 ---------------- (2,405,033) Net transfer (to)/from controlled entity DOCKYARD CAPITAL OFFSHORE FUND LP: 16,614,021 Distributions received (return of capital, realized gain/(loss), and other income) (10,000,000) Capital contributed during the year ---------------- 6,614,021 Net transfer (to)/from controlled entity OPERATOR COLLECTIVE CAPITAL I LLC: (7,060) Net income/(loss) per Schedule K-1* *Net income/(loss) per Schedule K-1 includes: net rental real estate income/(loss), interest income, dividend income, gain/(loss) from trading activities, other/portfolio income, portfolio deductions, investment interest expenses, and foreign tax expense. |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | Corporate Bonds | BondNm |
| EOY Book Value | $38,317,070 | EOYBookValueAmt |
| EOYFMV | $38,317,070 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| Kellogg Company Stock | $4,126,673,896 | $4,126,673,896 |
| Other Corporate Stock | $368,492,634 | $368,492,634 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $81,935,728 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $81,935,728 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $0 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $0 | StateLocalSecEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| Private Equity Funds | FMV | $1,275,398,424 | $1,275,398,424 |
| Real Estate Funds | FMV | $216,917,808 | $216,917,808 |
| Hedge Funds | FMV | $1,573,964,062 | $1,573,964,062 |
| Commingled Funds | FMV | $514,909,397 | $514,909,397 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal Fees | CategoryTxt |
| Legal Fees | $1,187,343 | LegalFeesAmt |
| Net Investment Income | $1,012,350 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Mortgages And Notes Payable Sch MortgagesAndNotesPayableSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mortgage | $300,000,000 | MortgageAmt |
Note Payable NotePayableGrp
Lender Name LenderNameGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JP Morgan | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | Series 2020 Social Bond | TitleTxt |
| Insider Relationship | None | InsiderRelationshipTxt |
| Loan Original | $300,000,000 | LoanOriginalAmt |
| Balance Due | $300,000,000 | BalanceDueAmt |
| Note | 2020-10 | NoteDt |
| Loan Maturity | 2050-10 | LoanMaturityDt |
| Interest | 2.443 | InterestRt |
| Loan Purpose | SEE PART II, LINE 21 SUPPLEMENTAL INFORMATION STATEMENT | LoanPurposeTxt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| Accrued Interest & Dividends | $35,312,759 | $34,581,133 | $34,581,133 |
| Excise tax receivable | $564,883 | $1,604,248 | $1,604,248 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | change in unrealized gains/(losses) on investments | Desc |
| Amt | $14,578,586 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Insurance | $652,576 | $500,758 | $65,258 |
| Line of Credit Fees | $304,161 | $0 | $0 |
| Reimbursed Salaries & Benefits | $5,528,241 | $5,416,922 | $0 |
| Memberships & Subscriptions | $536,831 | $457,712 | $0 |
| Other Expenses - Partnerships & Alternative Investments | $172,763 | $0 | $0 |
| Other Investment Expenses | $23,690 | $20,199 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Other Income/(Loss) from Partnerships | Desc |
| Revenue And Expenses Per Books | $0 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | -$14,750,952 | NetInvestmentIncomeAmt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| Deferred Excise Tax Liability | $70,601,012 | $70,362,428 |
| Payable to W.K. Kellogg Foundation | $1,346,553 | $411,054 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Investment Management Fees | $2,991,915 | $2,991,915 | $0 |
| Consulting Fees | $1,472,559 | $1,255,531 | $0 |
| Custodial Fees | $822,842 | $701,570 | $0 |
Reduction Explanation Statement ReductionExplanationStatement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Short Explanation | Description : REDUCTION CLAIMED FOR BLOCKAGE, Percent : 9, FMV : 3851702045, Amount Disclaimed : XXX-XX-XXXX, Explanation : SEE PART IX, LINE 1E SUPPLEMENTAL INFORMATION STATEMENT; | ShortExplanationTxt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Excise & Income Tax | $7,000,363 | $0 | $0 |
| Partnerships & Alternative Investments Taxes | $0 | $1,819,011 | $0 |
Transfers Frm Controlled Entities TransfersFrmControlledEntities
Transfers From Controlled Ent TransfersFromControlledEntGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | DescDesc | AmtAmt | Address Line1ForeignAddress/AddressLine1Txt | Address Line2ForeignAddress/AddressLine2Txt | CityForeignAddress/CityNm | CountryForeignAddress/CountryCd | Foreign PostalForeignAddress/ForeignPostalCd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AVANZ EM PARTNERSHIPS FEEDER SPC | |||||||||||
| 3 BETHESDA METRO CENTRE SUITE 700 | BETHESDA | MD | 20814 | 981107923 | SEE SUPPLEMENTAL INFORMATION | $2,115,969 | |||||
| DOCKYARD CAPITAL OFFSHORE FUND LP | |||||||||||
| 981429245 | SEE SUPPLEMENTAL INFORMATION | $6,614,021 | c/o Morgan Stanley Fund Services | 7-11 Sie John Rogersons Quay | Dublin | EI | 2 | ||||
Transfers To Controlled Entities TransfersToControlledEntities
Transfers To Controlled Ent TransfersToControlledEntGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | DescDesc | AmtAmt | Address Line1ForeignAddress/AddressLine1Txt | Address Line2ForeignAddress/AddressLine2Txt | CityForeignAddress/CityNm | Province Or StateForeignAddress/ProvinceOrStateNm | CountryForeignAddress/CountryCd | Foreign PostalForeignAddress/ForeignPostalCd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| C-III RECOVERY FUND II CO-INVESTMENT II (NY2) LP | ||||||||||||
| 5221 N OCONNOR BLVD SUITE 800 | IRVING | TX | 75039 | 320496111 | SEE SUPPLEMENTAL INFORMATION | $368,716 | ||||||
| LIV MEXICO GROWTH FUND IV LP | ||||||||||||
| 330 East 79th Street Suite 1D | New York | NY | 10075 | 260257407 | SEE SUPPLEMENTAL INFORMATION | $2,236,536 | ||||||
| STANDARD RENEWABLES HOLDINGS LTD | ||||||||||||
| 981194824 | SEE SUPPLEMENTAL INFORMATION | $0 | C/O WALTER CORPORATE LIMITED | CAYMAN CORPORATE CTR 27 HOSPITAL R | GEORGE TOWN | GRAND CAYMAN | CJ | KY19005 | ||||
| TI BC CO-INVESTMENT FUND LP | ||||||||||||
| 302 2ND ST SUITE 200 | SAN FRANCISCO | CA | 94107 | 831185697 | SEE SUPPLEMENTAL INFORMATION | $2,405,033 | ||||||
| OPERATOR COLLECTIVE CAPITAL I LLC | ||||||||||||
| PO BOX 620733 | WOODSIDE | CA | 94062 | 854043528 | SEE SUPPLEMENTAL INFORMATION | $7,060 | ||||||