VALLEY FOUNDATION: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- VALLEY FOUNDATION (EIN 94-1584547)
- Tax period
- 2021-10-01 to 2022-09-30
- Filed
- 2023-08-14
- IRS object ID
- 202312269349100041
- 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
- Distribution From Corpus Election
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-08-14T12:07:09-05:00 | ReturnTs |
| Tax Period End | 2022-09-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 271155496 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ROBERT LEE & ASSOCIATES LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 999 W TAYLOR STREET STE A | AddressLine1Txt |
| City | SAN JOSE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95126 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2021-10-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 941584547 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE VALLEY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | VALL | BusinessNameControlTxt |
| Phone | 4088556770 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 999 W TAYLOR ST SUITE A | AddressLine1Txt |
| City | SAN JOSE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95126 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ROBERT LEE | PersonNm |
| Person Title | SECRETARY | PersonTitleTxt |
| Phone | 4088556770 | PhoneNum |
| Signature | 2023-08-07 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | ROBERT | PersonFirstNm |
| Person Last | LEE | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SCOTT R SMEAD | PreparerPersonNm |
| PTIN | P01208759 | PTIN |
| Phone | 4088556770 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| 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 | $61,408,022 | 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 |
| Interest On Sav Rev And Expnss | $38,840 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $38,840 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $2,056,362 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $2,056,362 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $3,335,339 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $3,485,792 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $3,335,339 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | -$500,294 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $0 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $4,930,247 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $5,430,541 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $48,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $40,800 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $56,110 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $18,703 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $18,703 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $261,105 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $261,105 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $61,633 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $9,376 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $4,237 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $4,238 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $436,224 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $284,045 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $63,741 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $4,000,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $4,000,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $4,436,224 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $284,045 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $4,063,741 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $494,023 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $5,146,496 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $23,801 | CashBOYAmt |
| Cash EOY | $60,126 | CashEOYAmt |
| Cash EOYFMV | $60,126 | CashEOYFMVAmt |
| Acct Rcvbl | $12,570 | AcctRcvblAmt |
| Acct Rcvbl BOY | $13,947 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $12,570 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $12,570 | AcctRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $125,047 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $135,376 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $135,376 | PrepaidExpensesEOYFMVAmt |
| Corporate Stock BOY | $64,078,090 | CorporateStockBOYAmt |
| Corporate Stock EOY | $43,689,142 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $43,689,142 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $11,078,413 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $17,438,808 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $17,438,808 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $0 | OtherAssetsBOYAmt |
| Other Assets EOY | $72,000 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $72,000 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $75,319,298 | TotalAssetsBOYAmt |
| Total Assets EOY | $61,408,022 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $61,408,022 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $901 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $375,423 | AccountsPayableEOYAmt |
| Other Liabilities BOY | $252,000 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $210,000 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $252,901 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $585,423 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $75,066,397 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $60,822,599 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $75,066,397 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $60,822,599 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $75,319,298 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $61,408,022 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $75,066,397 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $494,023 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $75,560,420 | SubtotalAmt |
| Other Decreases | $14,737,821 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $60,822,599 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (12 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | Gross Sales PriceGrossSalesPriceAmt |
|---|---|---|---|---|---|---|---|
| CAPITAL DYNAMICS REAL ESTATE | P | 2021-10-01 | 2022-09-30 | $133,955 | -$133,955 | -$133,955 | |
| ENDOWMENT VENTURE PARTNERS V, L.P. | P | 2021-10-01 | 2022-09-30 | $1,372 | $1,372 | $1,372 | |
| PORTFOLIO ADVISORS PRIVATE EQUITY FUND III LP | P | 2021-10-01 | 2022-09-30 | $16,498 | -$16,498 | -$16,498 | |
| REDWOOD-KAIROS REAL ESTATE VALUE FUND IV, LP | P | 2021-10-01 | 2022-09-30 | $385,419 | $385,419 | $385,419 | |
| REDWOOD- KAIROS REAL ESTATE VALUE FUND VI LP | P | 2021-10-01 | 2022-09-30 | $1,012,454 | $1,012,454 | $1,012,454 | |
| MONTAUK TRIGUARD FUND VII LP | P | 2021-10-01 | 2022-09-30 | $181,522 | $181,522 | $181,522 | |
| MONTAUK TRIGUARD FUND VIII LP | P | 2021-10-01 | 2022-09-30 | $148,472 | $148,472 | $148,472 | |
| INDUSTRY VENTURES PARTNERSHIP HOLDINGS V, L.P. | P | 2021-10-01 | 2022-09-30 | $22,940 | $22,940 | $22,940 | |
| INDUSTRY VENTURES SECONDARY IX, L.P. | P | 2021-10-01 | 2022-09-30 | $50,984 | $50,984 | $50,984 | |
| PERFORMANCE DIRECT INVESTMENTS IV, LP | P | 2021-10-01 | 2022-09-30 | $72,006 | $72,006 | $72,006 | |
| VIRTUS REAL ESTATE CAPITAL III, LP | P | 2021-10-01 | 2022-09-30 | $3,232 | $3,232 | $3,232 | |
| PUBLICLY TRADED SECURITIES | P | 2021-10-01 | 2022-09-30 | $1,607,391 | $1,607,391 | $1,607,391 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $3,335,339 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $71,536 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $71,536 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $71,536 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $69,817 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $50,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $119,817 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $48,281 | OverpaymentAmt |
| Applied To ES Tax | $48,281 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.VALLEY.ORG | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4083584545 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 999 W TAYLOR STREET SUITE A | AddressLine1Txt |
| City | SAN JOSE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95126 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| PHILLIP R BOYCE | ||||||||
| 999 W TAYLOR STREET SUITE A | SAN JOSE | CA | 95126 | CHAIRMAN | 4.00 | $16,000 | $0 | $0 |
| DR RICHARD SIEVE | ||||||||
| 999 W TAYLOR STREET SUITE A | SAN JOSE | CA | 95126 | VICE CHAIRMAN AND TREASURER | 4.00 | $16,000 | $0 | $0 |
| ROBERT A LEE | ||||||||
| 999 W TAYLOR STREET SUITE A | SAN JOSE | CA | 95126 | SECRETARY | 4.00 | $16,000 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| SARATOGA RIM | |||||
| 24 CORPORATE PLAZA STE 150 | NEWPORT BEACH | CA | 92660 | INVESTMENT CONSULTING | $148,842 |
| VAUGHAN NELSON | |||||
| 24 CORPORATE PLAZA STE 150 | NEWPORT BEACH | CA | 92660 | INVESTMENT CONSULTING | $68,385 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | 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 | $58,110,088 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $62,143 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $17,646,184 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $75,818,415 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $75,818,415 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,137,276 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $74,681,139 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $3,734,057 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $3,734,057 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $71,536 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $116,577 | IncomeTaxAmt |
| Total Tax | $188,113 | TotalTaxAmt |
| Distributable Before Adj | $3,545,944 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $3,545,944 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $3,545,944 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $4,063,741 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $4,063,741 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $3,545,944 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $2,878,440 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $4,063,741 | QualifyingDistributionsAmt |
| Applied To Year1 | $2,878,440 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $1,185,301 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $2,360,643 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| LOAVES & FISHES FAMILY KITCHEN | |||||||
| 1500 BERGER DRIVE | SAN JOSE | CA | 95112 | NONE | 501(C)(3) | GRANT TO PROMOTE THE ORGANIZATION'S CHARITABLE ACTIVITIES | $500,000 |
| SCHWAB CHARITABLE DONOR-ADVISED FUND | |||||||
| PO BOX 628298 | ORLANDO | FL | 32862 | NONE | 501(C)(3) | GRANT TO PROMOTE THE ORGANIZATION'S CHARITABLE ACTIVITIES | $3,500,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $4,000,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $38,840 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $2,056,362 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 901101 | BusinessCd |
| Unrelated Business Taxbl Incm | $3,335,339 | UnrelatedBusinessTaxblIncmAmt |
Other Revenue Described OtherRevenueDescribedGrp (18 entries)
| DescDesc | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt |
|---|---|---|
| ENDOWMENT VENTURE PARTNERS | 901101 | -$321 |
| CAPITAL DYNAMICS | 901101 | -$8,118 |
| REDWOOD KAIROS REAL ESTATE VALUE FUND IV, LP | 901101 | -$25,022 |
| PORTFOLIO ADVISORS PRIVATE EQUITY FUND III LP | 901101 | -$5,291 |
| MONTAUK TRIGUARD FUND VII LP | 901101 | -$44,539 |
| KIMPACT EVERGREEN REAL ESTATE INVESTMENT FUND LP | 901101 | -$244,347 |
| REDWOOD- KAIROS REAL ESTATE VALUE FUND VI, LP | 901101 | -$43,396 |
| INDUSTRY VENTURES PARTNERSHIP HOLDINGS V, L.P. | 901101 | -$26,962 |
| MONTAUK TRIGUARD FUND VIII LP | 901101 | -$66,369 |
| INDUSTRY VENTURES SECONDARY IX, L.P. | 901101 | -$32,605 |
| PERFORMANCE DIRECT INVESTMENTS IV, LP | 901101 | -$14,461 |
| KAIROS INVESTMENT MGMT. COMPANY, LLC | 901101 | $833 |
| VIRTUS REAL ESTATE CAPITAL III, LP | 901101 | -$19,306 |
| VSS STRUCTURED CAPITAL PARALLEL IV, L.P. | 901101 | -$4,520 |
| FPA CORE PLUS FUND V-A, LP | 901101 | -$1,702 |
| STELLUS CREDIT OFFSHORE FUND III, LP | 901101 | -$1,014 |
| AG CS HOLDINGS FUND II, LP | 901101 | $442 |
| EXCISE TAX | $36,404 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $2,835,045 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $2,095,202 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $4,930,247 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING | CategoryTxt |
| Amt | $56,110 | Amt |
| Net Investment Income | $18,703 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $18,703 | DisbursementsCharitablePrpsAmt |
Distribution From Corpus Election DistributionFromCorpusElection
| Field | Value | IRS element (for citing) |
|---|---|---|
| Election | PURSUANT TO IRC SEC. 4942(H) (2) AND REG. 53.4942 (A)-3 (D) (2), THE VALLEY FOUNDATION HEREBY ELECTS TO TREAT CURRENT YEAR QUALIFYING DISTRIBUTIONS IN EXCESS OF THE IMMEDIATELY PRECEDING TAX YEAR'S UNDISTRIBUTED INCOME AND THE AMOUNT NEEDED TO SATISFY THE CURRENT YEAR DISTRIBUTION REQUIREMENTS AS BEING MADE OUT OF CORPUS. | ElectionDesc |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | CORPORATE STOCK | StockNm |
| EOY Book Value | $43,689,142 | EOYBookValueAmt |
| EOYFMV | $43,689,142 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | PARTNERSHIPS | CategoryOrItemTxt |
| Listed At Cost Or FMV | FMV | ListedAtCostOrFMVCd |
| Book Value | $17,438,808 | BookValueAmt |
| EOYFMV | $17,438,808 | EOYFMVAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEFERRED EXCISE TAX ASSET | Desc |
| BOY Book Value | $0 | BOYBookValueAmt |
| EOY Book Value | $72,000 | EOYBookValueAmt |
| EOYFMV | $72,000 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED LOSSES ON INVESTMENTS | Desc |
| Amt | $14,737,821 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| WEBSITE/SOFTWARE | $8,475 | $4,237 | $4,238 |
| INSURANCE | $901 | $0 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (18 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|
| ENDOWMENT VENTURE PARTNERS | -$321 | -$321 |
| CAPITAL DYNAMICS | -$8,118 | -$8,118 |
| REDWOOD KAIROS REAL ESTATE VALUE FUND IV, LP | -$25,022 | -$25,022 |
| PORTFOLIO ADVISORS PRIVATE EQUITY FUND III LP | -$5,291 | -$5,291 |
| MONTAUK TRIGUARD FUND VII LP | -$44,539 | -$44,539 |
| KIMPACT EVERGREEN REAL ESTATE INVESTMENT FUND LP | -$244,347 | -$244,347 |
| REDWOOD- KAIROS REAL ESTATE VALUE FUND VI, LP | -$43,396 | -$43,396 |
| INDUSTRY VENTURES PARTNERSHIP HOLDINGS V, L.P. | -$26,962 | -$26,962 |
| MONTAUK TRIGUARD FUND VIII LP | -$66,369 | -$66,369 |
| INDUSTRY VENTURES SECONDARY IX, L.P. | -$32,605 | -$32,605 |
| PERFORMANCE DIRECT INVESTMENTS IV, LP | -$14,461 | -$14,461 |
| KAIROS INVESTMENT MGMT. COMPANY, LLC | $833 | $833 |
| VIRTUS REAL ESTATE CAPITAL III, LP | -$19,306 | -$19,306 |
| VSS STRUCTURED CAPITAL PARALLEL IV, L.P. | -$4,520 | -$4,520 |
| FPA CORE PLUS FUND V-A, LP | -$1,702 | -$1,702 |
| STELLUS CREDIT OFFSHORE FUND III, LP | -$1,014 | -$1,014 |
| AG CS HOLDINGS FUND II, LP | $442 | $442 |
| EXCISE TAX | $36,404 | $36,404 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (3 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| DEFERRED EXCISE TAX LIABILITY | $152,000 | $0 |
| FEDERAL EXCISE TAX PAYABLE | $100,000 | $140,000 |
| STATE TAX PAYABLE | $0 | $70,000 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| MANAGEMENT FEES - ST. JAMES | $1,696 | $1,696 | $0 |
| MANAGEMENT FEES - VAUGHAN NELSON | $68,385 | $68,385 | $0 |
| MANAGEMENT FEES - FIDUCIARY MANAGEMENT | $42,182 | $42,182 | $0 |
| MANAGEMENT FEES - SARATOGA RIM | $148,842 | $148,842 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | STATE TAX | CategoryTxt |
| Amt | $61,633 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
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