FOUNDATION FOR A BETTER WORLD INC: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- FOUNDATION FOR A BETTER WORLD INC (EIN 46-2385457)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2025-05-05
- IRS object ID
- 202521259349101567
- Schema version
- 2023v6.0
- 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
- Schedule B
- All Oth Prog Rltd Investments Sch
- Expenditure Responsibility Stmt
- Investments Other Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-05-05T10:38:41-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 920460586 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PWC US TAX LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 101 SEAPORT BLVD STE 500 | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 022102150 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 462385457 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FOUNDATION FOR A BETTER WORLD INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FOUN | BusinessNameControlTxt |
| Phone | 6783585750 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1282 TIMBERLAND DRIVE | AddressLine1Txt |
| City | MARIETTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30067 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ADAM HOFFMAN | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 6783585750 | PhoneNum |
| Signature | 2025-05-02 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MATTHEW OSTRELICH | PreparerPersonNm |
| PTIN | P01375497 | PTIN |
| Phone | 6175305000 | PhoneNum |
| Preparation | 2025-05-02 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $235,351,588 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $10,792,634 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $214,507 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $214,507 | InterestOnSavNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $15,361,575 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $15,361,575 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $15,361,575 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $20,874,539 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $20,874,539 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $20,874,539 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $47,243,255 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $36,450,621 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $20,874,539 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $170,777 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $170,777 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $14,406 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $14,406 | LegalFeesDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $69,600 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $0 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $69,600 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $283,148 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $283,148 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Adj Net Incm | $1,662 | DeprecAndDpltnAdjNetIncmAmt |
| Trav Conf Meeting Rev And Expnss | $11,650 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Adj Net Incm | $0 | TravConfMeetingAdjNetIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $11,650 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $9,509 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $9,509 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $559,090 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $1,662 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $559,090 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $3,169,062 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $3,169,062 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $3,728,152 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $1,662 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $3,728,152 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $43,515,103 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $36,450,621 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $20,872,877 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $1,494,428 | CashBOYAmt |
| Cash EOY | $11,596,096 | CashEOYAmt |
| Cash EOYFMV | $11,596,096 | CashEOYFMVAmt |
| Other Investments BOY | $205,791,480 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $208,402,492 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $208,402,492 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $19,308 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $19,308 | LandBldgEquipAccumDeprecAmt |
| Other Assets BOY | $7,500,000 | OtherAssetsBOYAmt |
| Other Assets EOY | $15,353,000 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $15,353,000 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $214,785,908 | TotalAssetsBOYAmt |
| Total Assets EOY | $235,351,588 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $235,351,588 | 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 | $214,785,908 | RetainedEarningBOYAmt |
| Retained Earning EOY | $235,351,588 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $214,785,908 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $235,351,588 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $214,785,908 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $235,351,588 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $214,785,908 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $43,515,103 | ExcessRevenueOverExpensesAmt |
| Other Increases | $1 | OtherIncreasesAmt |
| Subtotal | $258,301,012 | SubtotalAmt |
| Other Decreases | $22,949,424 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $235,351,588 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | PFIC - BAY RESOURCE OFFSHORE FUND, LTD. | PropertyDesc |
| How Acquired | P | HowAcquiredCd |
| Gross Sales Price | $15,361,575 | GrossSalesPriceAmt |
| Gain Or Loss | $15,361,575 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $15,361,575 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $15,361,575 | 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 | $506,664 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $506,664 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $506,664 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $364,419 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $375,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $739,419 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $1,537 | EsPenaltyAmt |
| Overpayment | $231,218 | OverpaymentAmt |
| Applied To ES Tax | $231,218 | 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 | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | GA | 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.FORABETTERWORLDFOUNDATION.ORG | WebsiteAddressTxt |
| Individual With Books | ADAM HOFFMAN | IndividualWithBooksNm |
| Phone | 6783585750 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1282 TIMBERLAND DRIVE | AddressLine1Txt |
| City | MARIETTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30067 | 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 | Yes (1) | BusinessHoldingsInd |
| Excess Business Holdings | 0 | ExcessBusinessHoldingsInd |
| 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 (8 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 |
|---|---|---|---|---|---|---|---|---|
| THOMAS CLAUGUS | ||||||||
| 1282 TIMBERLAND DRIVE | MARIETTA | GA | 30067 | DIRECTOR / VICE PRESIDENT | 1.00 | $0 | $0 | $0 |
| BEATRIZ ILLESCAS | ||||||||
| 1282 TIMBERLAND DRIVE | MARIETTA | GA | 30067 | DIRECTOR / PRESIDENT | 40.00 | $146,667 | $0 | $0 |
| MELISSA CLAUGUS | ||||||||
| 3391 TUXEDO RD NW | ATLANTA | GA | 30305 | DIRECTOR / SECRETARY | 1.00 | $0 | $0 | $0 |
| THOMAS CLAUGUS II | ||||||||
| 500 PARK LANE | MARIETTA | GA | 30067 | DIRECTOR / TREASURER | 1.00 | $0 | $0 | $0 |
| GREGORY CLAUGUS | ||||||||
| 217 LENNOX AVENUE | MENLO PARK | CA | 94025 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| MICHAEL CLAUGUS | ||||||||
| 4726 ELIOTT STREET | DENVER | CO | 80211 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| ADAM HOFFMAN | ||||||||
| 418 COVENTRY ROAD | DECATUR | GA | 30030 | PROGRAM DIRECTOR | 25.00 | $0 | $0 | $0 |
| KEVIN CHRISCO | ||||||||
| 1850 COTILION DRIVE APT 1203 | ATLANTA | GA | 30338 | PROGRAM ASSISTANT | 40.00 | $24,110 | $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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ISABEL CADENA | PersonNm |
Foreign Address ForeignAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 13 CALLE A 7-35 EDIFICIO TIFFANY 2 | AddressLine1Txt |
| Address Line2 | APT 5 F | AddressLine2Txt |
| City | GUATEMALA CITY | CityNm |
| Country | GT | CountryCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | PROGRAM ASSISTANT | ServiceTypeTxt |
| Compensation | $69,600 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE - NO ACTIVITIES OTHER THAN GRANT MAKING | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | ALZHEIMER'S DRUG DISCOVERY FOUNDATION | Description1Txt |
| Expenses1 | $14,000,000 | Expenses1Amt |
| Description2 | UNIVERSITY OF CALIFORNIA, SAN DIEGO | Description2Txt |
| Expenses2 | $750,000 | Expenses2Amt |
| All Other Program Rltd Invst Tot | $500,000 | AllOtherProgramRltdInvstTotAmt |
| Total | $15,250,000 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $9,315,942 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $214,734,513 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $224,050,455 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $224,050,455 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $3,360,757 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $220,689,698 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $11,034,485 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $11,034,485 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $506,664 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $506,664 | TotalTaxAmt |
| Distributable Before Adj | $10,527,821 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $10,527,821 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $10,527,821 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $3,728,152 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $15,250,000 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $18,978,152 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $10,527,821 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr2 | $175,071 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $793,449 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $968,520 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $18,978,152 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $10,527,821 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $8,450,331 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $9,418,851 | 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 | $9,418,851 | ExcessDistriCyovToNextYrAmt |
| Excess From Year2 | $175,071 | ExcessFromYear2Amt |
| Excess From Year1 | $793,449 | ExcessFromYear1Amt |
| Excess From Current Year | $8,450,331 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | THOMAS CLAUGUS | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (28 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line1RecipientForeignAddress/AddressLine1Txt | Address Line2RecipientForeignAddress/AddressLine2Txt | CityRecipientForeignAddress/CityNm | CountryRecipientForeignAddress/CountryCd | Foreign PostalRecipientForeignAddress/ForeignPostalCd | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ALZHEIMER'S ASSOCIATION | |||||||||||||
| 225 N MICHIGAN AVE FL 17 | CHICAGO | IL | 60601 | N/A | PC | PROGRAM EXPENSES | $100,000 | ||||||
| ALZHEIMER'S DRUG DISCOVERY FOUNDATION | |||||||||||||
| 57 WEST 57TH STREET SUITE 904 | NEW YORK | NY | 10019 | N/A | PC | PROGRAM EXPENSES | $50,000 | ||||||
| ASOPUENTE INTERNAIONAL INC | |||||||||||||
| 201 S BISCAYNE BLVD SUITE 800 | MIAMI | FL | 33131 | N/A | PC | PROGRAM EXPENSES | $150,000 | ||||||
| BARNESVILLE HOSPITAL FOUNDATION | |||||||||||||
| 639 WEST MAIN STREET PO BOX 309 | BARNESVILLE | OH | 43713 | N/A | PC | PROGRAM EXPENSES | $102,062 | ||||||
| BIPARTISAN POLICY CENTER | |||||||||||||
| 1225 I STREET NW SUITE 1000 | WASHINGTON | DC | 20005 | N/A | PC | PROGRAM EXPENSES | $50,000 | ||||||
| COOPERATIVE FOR EDUCATION | |||||||||||||
| 2300 MONTANA AVENUE STE 401 | CINCINNATI | OH | 45211 | N/A | PC | PROGRAM EXPENSES | $500,000 | ||||||
| CREATE YOUR DREAMS | |||||||||||||
| 887 W MARIETTA ST STUDIO T-108 | ATLANTA | GA | 30318 | N/A | PC | PROGRAM EXPENSES | $50,000 | ||||||
| FOCUS ON TANZANIAN COMMUNITIES | |||||||||||||
| 14 MOUNT AUBURN STREET | WATERTOWN | MA | 02472 | N/A | PC | PROGRAM EXPENSES | $50,000 | ||||||
| FUNDACION DE ESPECIALIDADES MATERNO INFANTIL (FUNDAEMI) | |||||||||||||
| N/A | PC | PROGRAM EXPENSES | $50,000 | 2DA CALLE 22-65 ZONA 15 CENTRO | COMERCIAL METRO 15 VISTA HERMOSA I | GUATEMALA CITY | GT | 01010 | |||||
| FUNDACION MAG | |||||||||||||
| N/A | PC | PROGRAM EXPENSES | $90,000 | 8 CALLE 3-51 ZONA 1 CIUDAD DE | GUATEMALA | GUATEMALA CITY | GT | 01010 | |||||
| GROWTH THROUGH LEARNING | |||||||||||||
| PO BOX 390975 | CAMBRIDGE | MA | 02139 | N/A | PC | PROGRAM EXPENSES | $150,000 | ||||||
| INICIATIVA GUATEMALA | |||||||||||||
| PO BOX 1153 | BEALETON | VA | 22712 | N/A | PC | PROGRAM EXPENSES | $150,000 | ||||||
| LATIN AMERICAN ASSOCIATION | |||||||||||||
| 2750 BUFORD HIGHWAY | ATLANTA | GA | 30324 | N/A | PC | PROGRAM EXPENSES | $50,000 | ||||||
| NATIONAL MULTIPLE SCLEROSIS SOCIETY | |||||||||||||
| 733 THIRD AVENUE | NEW YORK | NY | 10017 | N/A | PC | PROGRAM EXPENSES | $200,000 | ||||||
| POPULATION CONNECTION | |||||||||||||
| 2120 L STREET NW SUITE 500 | WASHINGTON | DC | 20037 | N/A | PC | PROGRAM EXPENSES | $20,000 | ||||||
| POPULATION MEDIA CENTER | |||||||||||||
| 30 KIMBALL AVENUE SUITE 302 | SOUTH BURLINGTON | VT | 05403 | N/A | PC | PROGRAM EXPENSES | $60,000 | ||||||
| POWERUP SCHOLARSHIP FUND INC | |||||||||||||
| 521 BRANDON WAY | AUSTIN | TX | 78733 | N/A | PC | PROGRAM EXPENSES | $30,000 | ||||||
| RISING STAR OUTREACH | |||||||||||||
| 3521 N UNIVERSITY AVE SUITE 250 | PROVO | UT | 84604 | N/A | PC | PROGRAM EXPENSES | $50,000 | ||||||
| THE HERITAGE FOUNDATION | |||||||||||||
| 214 MASSACHUSETTS AVE NE | WASHINGTON | DC | 20002 | N/A | PC | PROGRAM EXPENSES | $10,000 | ||||||
| THE WIKIMEDIA FOUNDATION INC | |||||||||||||
| 1 MONTGOMERY ST SUITE 1600 | SAN FRANCISCO | CA | 94104 | N/A | PC | PROGRAM EXPENSES | $100,000 | ||||||
| UROLOGIC CANCER FOUNDATION | |||||||||||||
| 1161 21ST AVENUE SOUTH A-1302 | NASHVILLE | TN | 37232 | N/A | PC | PROGRAM EXPENSES | $100,000 | MEDICAL CENTER NORTH | |||||
| WESTVILLE UNITED METHODIST CHURCH | |||||||||||||
| 76 NORTH SR 560 | URBANA | OH | 43078 | N/A | PC | PROGRAM EXPENSES | $55,000 | ||||||
| WINGS | |||||||||||||
| PO BOX 1043 | PUEBLO | CO | 81002 | N/A | PC | PROGRAM EXPENSES | $75,000 | ||||||
| WORLD CENTRAL KITCHEN | |||||||||||||
| 200 MASSACHUSETTS AVE NW 7TH FLOOR | WASHINGTON | DC | 20001 | N/A | PC | PROGRAM EXPENSES | $35,000 | ||||||
| KIPP METRO ATLANTA SCHOOLS | |||||||||||||
| 1445 MAYNARD ROAD NW | ATLANTA | GA | 30350 | N/A | PC | PROGRAM EXPENSES | $250,000 | ||||||
| GLADSTONE INSTITUTES | |||||||||||||
| 1650 OWENS STREET | SAN FRANCISCO | CA | 94158 | N/A | PC | PROGRAM EXPENSES | $475,000 | ||||||
| TURNINGPOINT | |||||||||||||
| 8010 ROSWELL ROAD SUITE 120 | ATLANTA | GA | 30350 | N/A | PC | PROMGRAM EXPENSES | $20,000 | ||||||
| THERINI BIO INC | |||||||||||||
| LILLY LABS 681 GATEWAY BLVD | SAN FRANCISCO | CA | 94080 | N/A | PC | PROGRAM EXPENSES | $147,000 | ||||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $3,169,062 | 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 | $214,507 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 24 | ExclusionCd |
| Exclusion | $20,874,539 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 24 | ExclusionCd |
| Exclusion | $15,361,575 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $36,450,621 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $36,450,621 | 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 |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (5 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|
| CLAUGUS CHARITABLE LEAD ANNUITY TRUST | ||||||
| 1 | 2859 PACES FERRY ROAD SE SUITE 1710 | ATLANTA | GA | 30339 | $2,138,440 | Yes (X) |
| CLAUGUS CHARITABLE LEAD ANNUITY TRUST II | ||||||
| 2 | 2859 PACES FERRY ROAD SE SUITE 1710 | ATLANTA | GA | 30339 | $1,603,294 | Yes (X) |
| CLAUGUS CHARITABLE LEAD ANNUITY TRUST III | ||||||
| 3 | 2859 PACES FERRY ROAD SE SUITE 1710 | ATLANTA | GA | 30339 | $2,620,203 | Yes (X) |
| CLAUGUS CHARITABLE LEAD ANNUITY TRUST IV | ||||||
| 4 | 2859 PACES FERRY ROAD SE SUITE 1710 | ATLANTA | GA | 30339 | $2,780,697 | Yes (X) |
| CLAUGUS CHARITABLE LEAD ANNUITY TRUST V | ||||||
| 5 | 2859 PACES FERRY ROAD SE SUITE 1710 | ATLANTA | GA | 30339 | $1,650,000 | Yes (X) |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | THERINI BIO, INC. | Desc |
| Amt | $500,000 | Amt |
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp (2 entries)
| Address Line1ForeignAddress/AddressLine1Txt | Address Line2ForeignAddress/AddressLine2Txt | CityForeignAddress/CityNm | CountryForeignAddress/CountryCd | Foreign PostalForeignAddress/ForeignPostalCd | GrantGrantDt | GrantGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Expended By GranteeExpendedByGranteeAmt | Dates Of Reports By GranteeDatesOfReportsByGranteeTxt |
|---|---|---|---|---|---|---|---|---|---|
| FUNDACION MAG | |||||||||
| 8 CALLE 3-51 ZONA 1 CIUDAD DE | GUATEMALA | GUATEMALA CITY | GT | 01010 | 2023-12-18 | $90,000 | PROGRAM EXPENSES | $90,000 | 12/15/2023; 12/31/2023 |
| FUNDACION DE ESPECIALIDADES MATERNO INFANTIL (FUNDAEMI) | |||||||||
| 2DA CALLE 22-65 ZONA 15 CENTRO | COMERCIAL METRO 15 | GUATEMALA CITY | GT | 01010 | 2023-12-31 | $50,000 | PROGRAM EXPENSES | $50,000 | 1/05/24 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| BAY RESOURCE PARTNERS OFFSHORE FUND, LTD. | AT COST | $207,902,492 | $207,902,492 |
| THERINI BIO INC. | AT COST | $500,000 | $500,000 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $14,406 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $14,406 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (3 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| PROGRAM-RELATED INVESTMENT - ALZHEIMER'S DRUG DISCOVERY FOUNDATION | $7,000,000 | $14,000,000 | $14,000,000 |
| PROGRAM-RELATED INVESTMENT - UNIVERSITY OF CALIFORNIA, SAN DIEGO | $250,000 | $750,000 | $750,000 |
| PROGRAM-RELATED INVESTMENT - THERINI BIO, INC. | $250,000 | $603,000 | $603,000 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED LOSS - BAY RESOURCE PARTNERS OFFSHORE FUND, LTD. | Desc |
| Amt | $22,949,424 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| MISCELLANEOUS EXPENSES | $7,040 | $0 | $0 | $7,040 |
| PAYROLL FEES | $1,678 | $0 | $0 | $1,678 |
| INSURANCE - WORKERS COMPENSATION | $54 | $0 | $0 | $54 |
| BUSINESS REGISTRATION FEES | $737 | $0 | $0 | $737 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| PFIC - BAY RESOURCE PARTNERS OFFSHORE FUND, LTD. | $18,198,861 | $18,198,861 | $18,198,861 |
| MISC REVENUE | $2,675,678 | $2,675,678 | $2,675,678 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ROUNDING | Desc |
| Amt | $1 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| PROFESSIONAL FEES | $0 | $0 | $0 | $0 |
| CONTRACTORS - PROGRAM RELATED ACTIVITIES | $69,600 | $0 | $0 | $69,600 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| 2022 TAX PAYMENTS MADE IN 2023 | $270,000 | $0 | $0 | $270,000 |
| PAYROLL TAXES | $13,148 | $0 | $0 | $13,148 |
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