BC FAMILY FOUNDATION INC: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- BC FAMILY FOUNDATION INC (EIN 86-1184053)
- Tax period
- 2022-01-01 to 2022-06-30
- Filed
- 2023-08-15
- IRS object ID
- 202322279349100012
- 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
- Form 990-PF
- Accounting Fees Schedule
- Dissolution Stmt
- Expenditure Responsibility Stmt
- Liquidation Explanation Stmt
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Increases Schedule
- Other Professional Fees Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-08-15T10:27:48-05:00 | ReturnTs |
| Tax Period End | 2022-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 873231666 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PKF O'CONNOR DAVIES ADVISORY LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 245 PARK AVENUE 12TH FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10167 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 861184053 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BC FAMILY FOUNDATION INC | BusinessNameLine1Txt |
| Business Name Line2 | C/O PKF O'CONNOR DAVIES LLP | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BCFA | BusinessNameControlTxt |
| Phone | 2122862600 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 MAMARONECK AVENUE 301 | AddressLine1Txt |
| City | HARRISON | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10528 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHAEL R CRANE | PersonNm |
| Person Title | PRESIDENT & DIRECTOR | PersonTitleTxt |
| Phone | 2122862600 | PhoneNum |
| Signature | 2023-08-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MICHAEL | PersonFirstNm |
| Person Last | CRANE | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | THOMAS BLANEY | PreparerPersonNm |
| PTIN | P00234022 | PTIN |
| Phone | 2122862600 | PhoneNum |
| Preparation | 2023-08-11 | PreparationDt |
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 | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Final Return | Yes (X) | FinalReturnInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $0 | FMVAssetsEOYAmt |
| Method Of Accounting Other | Yes (X) | MethodOfAccountingOtherInd |
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 | $20,879 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $20,879 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $51,524 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $51,524 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $2,923 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $4,366,182 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $2,923 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $75,326 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $75,326 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $111,252 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $111,252 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $15,485 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $15,485 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $13,818 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $13,818 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $304 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $304 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $140,859 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $13,818 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $127,041 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $6,877,543 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $125,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $7,018,402 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $13,818 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $252,041 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$6,943,076 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $61,508 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $289,711 | SavAndTempCashInvstBOYAmt |
| US Government Obligations BOY | $4,350,764 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $0 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $0 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $2,232,315 | CorporateStockBOYAmt |
| Corporate Stock EOY | $0 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $0 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $6,872,790 | TotalAssetsBOYAmt |
| Total Assets EOY | $0 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $0 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $6,872,790 | RetainedEarningBOYAmt |
| Retained Earning EOY | $0 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $6,872,790 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $0 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $6,872,790 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $0 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $6,872,790 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$6,943,076 | ExcessRevenueOverExpensesAmt |
| Other Increases | $1,397,744 | OtherIncreasesAmt |
| Subtotal | $1,327,458 | SubtotalAmt |
| Other Decreases | $1,327,458 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $0 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | SALES OF PUBLICLY TRADED SECURITIES | PropertyDesc |
| How Acquired | P | HowAcquiredCd |
| Gross Sales Price | $4,366,182 | GrossSalesPriceAmt |
| Cost Or Other Basis | $4,363,259 | CostOrOtherBasisAmt |
| Gain Or Loss | $2,923 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $2,923 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $2,923 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $855 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $855 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $855 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $24,944 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $24,944 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $24,089 | OverpaymentAmt |
| Applied To ES Tax | $0 | AppliedToESTaxAmt |
| Refund | $24,089 | 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 | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | Yes (1) | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | DE | 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 | N/A | WebsiteAddressTxt |
| Individual With Books | INVERNESS COUNSEL LLC | IndividualWithBooksNm |
| Phone | 2122072122 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 845 THIRD AVENUE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10022 | 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 | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| 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 | Yes (1) | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | 0 | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (1) | MaintainedExpenditureRspnsInd |
| 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 (5 entries)
| Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|---|
| MICHAEL R CRANE | |||||||||
| C/O THE FOUNDATION PKF OCONNOR | DAVIES LLP 500 MAMARONECK AVE | HARRISON | NY | 10543 | PRESIDENT AND DIRECTOR | 0.50 | $0 | $0 | $0 |
| MAGALEN C WEBERT | |||||||||
| C/O THE FOUNDATION PKF OCONNOR | DAVIES LLP 500 MAMARONECK AVE | HARRISON | NY | 10543 | DIRECTOR | 0.50 | $0 | $0 | $0 |
| WILLIAM C CRANE III | |||||||||
| C/O THE FOUNDATION PKF OCONNOR | DAVIES LLP 500 MAMARONECK AVE | HARRISON | NY | 10543 | DIRECTOR | 0.50 | $0 | $0 | $0 |
| KRISTIANE C GRAHAM | |||||||||
| C/O THE FOUNDATION PKF OCONNOR | DAVIES LLP 500 MAMARONECK AVE | HARRISON | NY | 10543 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| JOHN CO BRYANT | |||||||||
| C/O THE FOUNDATION PKF OCONNOR | DAVIES LLP 500 MAMARONECK AVE | HARRISON | NY | 10543 | DIRECTOR | 0.50 | $0 | $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
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CURTIS MALLET-PREVOST COLT & MOSLE LLP | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 101 PARK AVE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10178 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | LEGAL FEES | ServiceTypeTxt |
| Compensation | $111,252 | CompensationAmt |
| 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 | $2,088,949 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,247,702 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $3,336,651 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $3,336,651 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $50,050 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $3,286,601 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $81,491 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $81,491 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $855 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $855 | TotalTaxAmt |
| Distributable Before Adj | $80,636 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $80,636 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $80,636 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $252,041 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $252,041 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $80,636 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $99,610 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $252,041 | QualifyingDistributionsAmt |
| Applied To Year1 | $99,610 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $80,636 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $71,795 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $71,795 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| 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 | $71,795 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $71,795 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (22 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|
| AFRICAN ENVIRONMENTAL FILM FOUNDATION | ||||||||
| 116 LA PATERA DR | CAMARILLO | CA | 93010 | N/A | PC | CHARITABLE PURPOSES | $3,000 | |
| ALEXANDER BRADY FOUNDATION | ||||||||
| C/O BRANE-STROM LLC 101 NORTH JAY | MIDDLEBURG | VA | 20117 | N/A | PF | CHARITABLE PURPOSES | $1,349,327 | STREET |
| AMERICANS IN WARTIME EXPERIENCE | ||||||||
| PO BOX 909 | BRISTOW | VA | 20136 | N/A | PC | CHARITABLE PURPOSES | $10,000 | |
| BLUE RIDGE AREA FOOD BANK INC | ||||||||
| PO BOX 937 | VERONA | VA | 24482 | N/A | PC | CHARITABLE PURPOSES | $25,000 | |
| FAUQUIER FOOD BANK | ||||||||
| 249 E SHIRLEY AVE | WARRENTON | VA | 20186 | N/A | PC | CHARITABLE PURPOSES | $2,000 | |
| FAUQUIER FREE CLINIC | ||||||||
| PO BOX 3138 | WARRENTON | VA | 20188 | N/A | PC | CHARITABLE PURPOSES | $2,000 | |
| FRED HUTCHINSON CANCER RESEARCH CENTER | ||||||||
| 1100 FAIRVIEW AVENUE NORTH | SEATTLE | WA | 98109 | N/A | PC | CHARITABLE PURPOSES | $5,000 | |
| GRAHAM FAMILY FOUNDATION | ||||||||
| PO BOX 1788 | MIDDLEBURG | VA | 201181788 | N/A | PF | CHARITABLE PURPOSES | $1,349,327 | |
| ISLAND SUNRISE FOUNDATION | ||||||||
| C/O BRANE-STROM LLC 101 NORTH JAY | MIDDLEBURG | VA | 20117 | N/A | PF | CHARITABLE PURPOSES | $1,349,327 | STREET |
| MIDDLEBURG COMMUNITY CENTER | ||||||||
| PO BOX 265 | MIDDLEBURG | VA | 20118 | N/A | PC | CHARITABLE PURPOSES | $5,000 | |
| MIDDLEBURG SPRING RACES | ||||||||
| PO BOX 1173 | MIDDLEBURG | VA | 20118 | N/A | PC | CHARITABLE PURPOSES | $5,000 | |
| MRC FULL CIRCLE FOUNDATION | ||||||||
| C/O BRANE-STROM LLC 101 NORTH JAY | MIDDLEBURG | VA | 20117 | N/A | PF | CHARITABLE PURPOSES | $1,349,498 | STREET |
| NATIONAL SPORTING LIBRARY AND MUSEUM | ||||||||
| PO BOX 1335 | MIDDLEBURG | VA | 20118 | N/A | PC | CHARITABLE PURPOSES | $10,000 | |
| NEXT GENERATION CHOICES FOUNDATION | ||||||||
| 216 LAFAYETTE RD SUITE 204 | RYE | NH | 03870 | N/A | PC | CHARITABLE PURPOSES | $5,000 | |
| NORTHERN PIEDMONT YOUTH CENTER | ||||||||
| PO BOX 182 | WARRENTON | VA | 20188 | N/A | PC | CHARITABLE PURPOSES | $2,000 | |
| NRA FOUNDATION | ||||||||
| 11250 WAPLES MILL RD | FAIRFAX | VA | 22030 | N/A | PC | CHARITABLE PURPOSES | $25,000 | |
| PIEDMONT ENVIRONMENTAL COUNCIL | ||||||||
| 45 HORNER STREET | WARRENTON | VA | 20186 | N/A | PC | CHARITABLE PURPOSES | $5,000 | |
| RISING PHOENIX CHARITABLE FOUNDATION | ||||||||
| C/O BRANE-STROM LLC 101 NORTH JAY | MIDDLEBURG | VA | 20117 | N/A | PF | CHARITABLE PURPOSES | $1,355,064 | STREET |
| SEVEN LOAVES SERVICES INC | ||||||||
| PO BOX 1924 | MIDDLEBURG | VA | 20118 | N/A | PC | CHARITABLE PURPOSES | $7,000 | |
| THE FAUQUIER SPCA | ||||||||
| PO BOX 733 | WARRENTON | VA | 20188 | N/A | PC | CHARITABLE PURPOSES | $2,000 | |
| THE MIDDLEBURG HUMANE FOUNDATION | ||||||||
| PO BOX 684 | MARSHALL | VA | 20116 | N/A | PC | CHARITABLE PURPOSES | $7,000 | |
| XERXES SOCIETY | ||||||||
| 628 NE BROADWAY NO 200 | PORTLAND | OR | 97232 | N/A | PC | CHARITABLE PURPOSES | $5,000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $6,877,543 | 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 | $20,879 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $51,524 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $2,923 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $75,326 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $75,326 | 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 | TAX PREP FEES | CategoryTxt |
| Amt | $15,485 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $15,485 | DisbursementsCharitablePrpsAmt |
Dissolution Stmt DissolutionStmt
Dissolution Information DissolutionInformationGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Short ExplanationShortExplanationTxt | DissolutionDissolutionAmt |
|---|---|---|---|---|---|
| ISLAND SUNRISE FOUNDATION | |||||
| C/O BRANE-STROM LLC 101 NORTH JAY S | MIDDLEBURG | VA | 20117 | CASH AND SECURITIES TRANSFERRED - SEE STATEMENT 7 | $1,349,327 |
| GRAHAM FAMILY FOUNDATION | |||||
| PO BOX 1788 | MIDDLEBURG | VA | 201181788 | CASH AND SECURITIES TRANSFERRED - SEE STATEMENT 7 | $1,349,327 |
| MRC FULL CIRCLE FOUNDATION | |||||
| C/O BRANE-STROM LLC 101 NORTH JAY S | MIDDLEBURG | VA | 20117 | CASH AND SECURITIES TRANSFERRED - SEE STATEMENT 7 | $1,349,498 |
| ALEXANDER BRADY FOUNDATION | |||||
| C/O BRANE-STROM LLC 101 NORTH JAY S | MIDDLEBURG | VA | 20117 | CASH AND SECURITIES TRANSFERRED - SEE STATEMENT 7 | $1,349,327 |
| RISING PHOENIX CHARITABLE FOUNDATION | |||||
| C/O BRANE-STROM LLC 101 NORTH JAY S | MIDDLEBURG | VA | 20117 | CASH AND SECURITIES TRANSFERRED - SEE STATEMENT 7 | $1,355,064 |
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp (10 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | GrantGrantDt | GrantGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Expended By GranteeExpendedByGranteeAmt | Any Diversion By GranteeAnyDiversionByGranteeTxt | Dates Of Reports By GranteeDatesOfReportsByGranteeTxt | Address Line2USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|---|---|
| GRAHAM FAMILY FOUNDATION | ||||||||||
| PO BOX 1788 | MIDDLEBURG | VA | 201181788 | 2021-10-31 | $7,010,217 | CHARITABLE PURPOSES | $102,000 | NONE | FEBRUARY 28, 2022 | |
| ISLAND SUNRISE FOUNDATION | ||||||||||
| C/O BRANE-STROM LLC 101 NORTH JAY | MIDDLEBURG | VA | 20117 | 2021-10-31 | $7,010,217 | CHARITABLE PURPOSES | $893,000 | NONE | FEBRUARY 28, 2022 | STREET |
| MRC FULL CIRCLE FOUNDATION | ||||||||||
| C/O BRANE-STROM LLC 101 NORTH JAY | MIDDLEBURG | VA | 20117 | 2021-10-31 | $7,010,217 | CHARITABLE PURPOSES | $778,000 | NONE | FEBRUARY 28, 2022 | STREET |
| RISING PHOENIX CHARITABLE FOUNDATION | ||||||||||
| C/O BRANE-STROM LLC 101 NORTH JAY | MIDDLEBURG | VA | 20117 | 2021-10-31 | $7,010,217 | CHARITABLE PURPOSES | $732,000 | NONE | FEBRUARY 28, 2022 | STREET |
| ALEXANDER BRADY FOUNDATION | ||||||||||
| C/O BRANE-STROM LLC 101 NORTH JAY | MIDDLEBURG | VA | 20117 | 2021-10-31 | $7,010,217 | CHARITABLE PURPOSES | $899,000 | NONE | FEBRUARY 28, 2022 | STREET |
| GRAHAM FAMILY FOUNDATION | ||||||||||
| PO BOX 1788 | MIDDLEBURG | VA | 201181788 | 2023-03-22 | $1,349,327 | CHARITABLE PURPOSES | $0 | NONE | PENDING | |
| ISLAND SUNRISE FOUNDATION | ||||||||||
| C/O BRANE-STROM LLC 101 NORTH JAY | MIDDLEBURG | VA | 20117 | 2023-03-21 | $1,349,327 | CHARITABLE PURPOSES | $0 | NONE | PENDING | STREET |
| MRC FULL CIRCLE FOUNDATION | ||||||||||
| C/O BRANE-STROM LLC 101 NORTH JAY | MIDDLEBURG | VA | 20117 | 2023-03-22 | $1,349,498 | CHARITABLE PURPOSES | $0 | NONE | PENDING | STREET |
| RISING PHOENIX CHARITABLE FOUNDATION | ||||||||||
| C/O BRANE-STROM LLC 101 NORTH JAY | MIDDLEBURG | VA | 20117 | 2023-03-22 | $1,355,064 | CHARITABLE PURPOSES | $0 | NONE | PENDING | STREET |
| ALEXANDER BRADY FOUNDATION | ||||||||||
| C/O BRANE-STROM LLC 101 NORTH JAY | MIDDLEBURG | VA | 20117 | 2023-03-21 | $1,349,327 | CHARITABLE PURPOSES | $0 | NONE | PENDING | STREET |
Liquidation Explanation Stmt LiquidationExplanationStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | THROUGH RESOLUTIONS ADOPTED AT A MEETING ON APRIL 25, 2023 (THE "CERTIFICATE OF DISSOLUTION"), THE BC FAMILY FOUNDATION, INC.'S BOARD OF DIRECTORS APPROVED THE DISSOLUTION OF THE BC FAMILY FOUNDATION, INC. AND THE TRANSFER OF ALL OF ITS ASSETS, AFTER THE PAYMENT OF LIABILITIES, TO FIVE FAMILY GROUPS INCLUDING ISLAND SUNRISE FOUNDATION, THE GRAHAM FAMILY FOUNDATION, MRC FULL CIRCLE FOUNDATION, ALEXANDER BRADY FOUNDATION AND RISING PHOENIX CHARITABLE FOUNDATION (THE "TRANSFEREE FOUNDATIONS"). EACH OF THE TRANSFEREE FOUNDATIONS IS A TAX-EXEMPT PRIVATE FOUNDATION WHICH IS EFFECTIVELY CONTROLLED, DIRECTLY OR INDIRECTLY, WITHIN THE MEANING OF TREAS. REG. SECTION 1.507-3(A)(9)(I), BY THE SAME PERSON OR PERSONS WHO EFFECTIVELY CONTROL THE OHRSTROM FOUNDATION, INC. THE NAMES AND ADDRESSES OF THE TRANSFEREES ARE AS FOLLOWS: 1. ISLAND SUNRISE FOUNDATION C/O BRANE-STROM LLC 101 NORTH JAY STREET MIDDLEBURG, VA 20117 2. GRAHAM FAMILY FOUNDATION C/O BRANE-STROM LLC 101 NORTH JAY STREET MIDDLEBURG, VA 20117 3. MRC FULL CIRCLE FOUNDATION C/O BRANE-STROM LLC 101 NORTH JAY STREET MIDDLEBURG, VA 20117 4. ALEXANDER BRADY FOUNDATION C/O BRANE-STROM LLC 101 NORTH JAY STREET MIDDLEBURG, VA 20117 5. RISING PHOENIX CHARITABLE FOUNDATION C/O BRANE-STROM LLC 101 NORTH JAY STREET MIDDLEBURG, VA 20117 THE TRANSFER OF ASSETS TOTALING $892,453.36 IN CASH AND INVESTMENT ASSETS HAVING A FAIR MARKET VALUE OF $456,873.86 TO THE ISLAND SUNRISE FOUNDATION WAS COMPLETED BY THE BC FAMILY FOUNDATION, INC. ON MARCH 21, 2023. THE TRANSFER OF ASSETS TOTALING $892,453.33 IN CASH AND INVESTMENT ASSETS HAVING A FAIR MARKET VALUE OF $456,873.86 TO GRAHAM FAMILY FOUNDATION WAS COMPLETED BY THE BC FAMILY FOUNDATION, INC. ON MARCH 22, 2023. THE TRANSFER OF ASSETS TOTALING $892,623.96 IN CASH AND INVESTMENT ASSETS HAVING A FAIR MARKET VALUE OF $456,873.86 TO MRC FULL CIRCLE FOUNDATION WAS COMPLETED BY THE BC FAMILY FOUNDATION, INC. ON MARCH 22, 2023. THE TRANSFER OF ASSETS TOTALING $892,453.34 IN CASH AND INVESTMENT ASSETS HAVING A FAIR MARKET VALUE OF $456,873.86 TO ALEXANDER BRADY FOUNDATION WAS COMPLETED BY THE BC FAMILY FOUNDATION, INC. ON MARCH 21, 2023. THE TRANSFER OF ASSETS TOTALING $892,453.34 IN CASH AND INVESTMENT ASSETS HAVING A FAIR MARKET VALUE OF $462,610.41 TO RISING PHOENIX CHARITABLE FOUNDATION WAS COMPLETED BY THE BC FAMILY FOUNDATION, INC. ON MARCH 22, 2023. THE BC FAMILY FOUNDATION, INC. FILED A CERTIFICATE OF DISSOLUTION WITH THE DELAWARE SECRETARY OF STATE ON APRIL 25, 2023, A COPY OF WHICH IS ATTACHED. | ExplanationTxt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $111,252 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $111,252 | DisbursementsCharitablePrpsAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED LOSS ON INVESTMENTS | Desc |
| Amt | $1,327,458 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FILING FEES | Desc |
| Revenue And Expenses Per Books | $304 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $304 | DisbursementsCharitablePrpsAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NON-TAXABLE GAIN ON GRANTS OF SECURITIES | Desc |
| Amt | $1,397,744 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INVESTMENT FEES | $1,399 | $1,399 | $0 |
| INVESTMENT COUNSELING SERVICES | $12,419 | $12,419 | $0 |
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