MERKIN FAMILY FOUNDATION: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- MERKIN FAMILY FOUNDATION (EIN 20-0527223)
- Tax period
- 2021-12-01 to 2022-11-30
- Filed
- 2023-10-14
- IRS object ID
- 202342879349100809
- 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
- Schedule B
- Accounting Fees Schedule
- Investments Other Schedule2
- Legal Fees 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 | 2023-10-14T16:54:54-05:00 | ReturnTs |
| Tax Period End | 2022-11-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 953705481 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BARBICH HOOPER KING DILL HOFFMAN | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5001 E COMMERCENTER DR STE 350 | AddressLine1Txt |
| City | BAKERSFIELD | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 93309 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2021-12-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 200527223 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MERKIN FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MERK | BusinessNameControlTxt |
| Phone | 6616311171 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3115 OCEAN FRONT WALK 301 | AddressLine1Txt |
| City | MARINA DEL REY | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90292 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RICHARD MERKIN | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 6616311171 | PhoneNum |
| Signature | 2023-10-11 | SignatureDt |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | RICHARD | PersonFirstNm |
| Person Last | MERKIN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MICHAEL J HOOPER | PreparerPersonNm |
| PTIN | P01351410 | PTIN |
| Phone | 6616311171 | 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 | $246,026,731 | 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 | $2,485,696 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $5,569,533 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $5,569,533 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$3,925,399 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $4,503,970 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $2,842,672 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $2,842,672 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $6,972,502 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $8,412,205 | 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 | $124,926 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $6,755 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $982,771 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $982,771 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $242,921 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $709 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,358,082 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $982,771 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $11,731,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $11,731,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $13,089,082 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $982,771 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $11,731,000 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$6,116,580 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $7,429,434 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $16,365,757 | CashBOYAmt |
| Cash EOY | $5,984,406 | CashEOYAmt |
| Cash EOYFMV | $5,984,406 | CashEOYFMVAmt |
| Invst Land Cost Or Other Basis | $1,000,010 | InvstLandCostOrOtherBasisAmt |
| Land Bldg Investments BOY | $1,000,010 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $1,000,010 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $1,000,010 | LandBldgInvestmentsEOYFMVAmt |
| Other Investments BOY | $224,386,561 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $228,751,746 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $239,042,315 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $241,752,328 | TotalAssetsBOYAmt |
| Total Assets EOY | $235,736,162 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $246,026,731 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $73,898 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $174,312 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $73,898 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $174,312 | 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 | $241,678,430 | RetainedEarningBOYAmt |
| Retained Earning EOY | $235,561,850 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $241,678,430 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $235,561,850 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $241,752,328 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $235,736,162 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $241,678,430 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$6,116,580 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $235,561,850 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $235,561,850 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (11 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | DepreciationDepreciationAmt |
|---|---|---|---|---|---|---|---|---|
| HOUGHTON MIFFLIN HARTCOURT CO | P | 2016-06-27 | 2022-04-12 | $988,911 | $4,486,888 | -$3,497,977 | -$3,497,977 | |
| BREAKAWAY CAPITAL PARTNERS FUND II LP | P | 2021-01-01 | 2022-11-30 | $102,430 | -$102,430 | -$102,430 | ||
| CANYON LAUREL INVESTMENT FUND | P | 2021-01-01 | 2022-11-30 | $486,226 | $486,226 | $486,226 | ||
| SIGNIFY HEALTH INC | P | 2022-08-08 | 2022-08-08 | $173,528 | $177,359 | -$3,831 | -$3,831 | |
| INHIBRIX INC | P | 2022-10-07 | 2022-10-12 | $2,327,465 | $2,308,338 | $19,127 | $19,127 | |
| CLOVERFIELDS | P | 2021-01-01 | 2022-11-30 | $424,391 | $424,391 | $424,391 | ||
| CLOVERFIELDS | P | 2022-01-01 | 2022-11-30 | $1,350,691 | -$1,350,691 | -$1,350,691 | ||
| BREAKAWAY II LLC | P | 2021-01-01 | 2022-11-30 | $3,663 | -$3,663 | -$3,663 | ||
| CHATHAM INVESTMENT FUND IV | P | 2022-01-01 | 2022-11-30 | $29,071 | $29,071 | $29,071 | ||
| CHATHAM INVESTMENT FUND IV | P | 2021-01-01 | 2022-11-30 | $12,479 | $12,479 | $12,479 | ||
| GUGGENHEIM OPPORTUNISTIC STOCK | P | 2009-06-01 | 2022-11-30 | $61,899 | $61,899 | $61,899 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$3,925,399 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $103,269 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $103,269 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $103,269 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $167,202 | 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 | $167,202 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $1,285 | EsPenaltyAmt |
| Overpayment | $62,648 | OverpaymentAmt |
| Applied To ES Tax | $62,648 | 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 | 0 | 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 | N/A | WebsiteAddressTxt |
| Individual With Books | BARBICH HOOPER KING DILL HOFFMAN | IndividualWithBooksNm |
| Phone | 6616311171 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5001 E COMMERCENTER DR STE 350 | AddressLine1Txt |
| City | BAKERSFIELD | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 93309 | 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 | 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 (2 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 |
|---|---|---|---|---|---|---|---|---|
| RICHARD MERKIN | ||||||||
| 3115 OCEAN FRONT WALK SUITE 301 | MARINA DEL REY | CA | 90292 | PRESIDENT | 4.00 | $0 | $0 | $0 |
| ANNE WYMER | ||||||||
| 3115 OCEAN FRONT WALK SUITE 301 | MARINA DEL REY | CA | 90292 | SECRETARY/TREASURER | 4.00 | $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 | JSL CORPORATION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2800 28TH STREET 321 | AddressLine1Txt |
| City | SANTA MONICA | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90405 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | INVESTMENT ADVISORY | ServiceTypeTxt |
| Compensation | $863,120 | 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 | $217,241,329 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $12,120,663 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $229,361,992 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $229,361,992 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $3,440,430 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $225,921,562 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $11,296,078 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $11,296,078 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $103,269 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $4,199 | IncomeTaxAmt |
| Total Tax | $107,468 | TotalTaxAmt |
| Distributable Before Adj | $11,188,610 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $11,188,610 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $11,188,610 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $11,731,000 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $11,731,000 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $11,188,610 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $677,374 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $11,731,000 | QualifyingDistributionsAmt |
| Applied To Year1 | $677,374 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $11,053,626 | 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 | $134,984 | 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) |
|---|---|---|
| Contributing Manager | RICHARD MERKIN | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (13 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|
| BROAD INSTITUTE | ||||||||
| 415 MAIN STREET | CAMBRIDGE | MA | 02142 | NONE | OTHER PUBLIC CHARITY | MEDICAL RESEARCH | $3,000,000 | |
| CALIFORNIA INSTITUTE OF TECHNOLOGY | ||||||||
| 1200 E CALIFORNIA BLVD | PASADENA | CA | 91125 | NONE | OTHER PUBLIC CHARITY | EDUCATION | $1,960,000 | |
| JOHNS HOPKINS UNIVERSITY | ||||||||
| 3400 N CHARLES STREET | BALTIMORE | MD | 21218 | NONE | OTHER PUBLIC CHARITY | MEDICAL RESEARCH | $4,000,000 | |
| LOS ANGELES BALLET | ||||||||
| 11755 EXPOSITION BLVD | LOS ANGELES | CA | 90064 | NONE | OTHER PUBLIC CHARITY | ARTS & EDUCATIONARTS & EDUCATION | $25,000 | |
| LOS ANGELES COUNTY MUSEUM OF ART | ||||||||
| 5905 WILSHIRE BLVD | LOS ANGELES | CA | 90036 | NONE | OTHER PUBLIC CHARITY | ARTS & EDUCATION | $100,000 | |
| MILKEN INSTITUTE | ||||||||
| PO BOX 1596 | FLUSHING | CA | 11354 | NONE | OTHER PUBLIC CHARITY | EDUCATION | $766,000 | |
| PROSTATE CANCER FOUNDATION | ||||||||
| 1250 FOURTH ST | SANTA MONICA | CA | 90401 | NONE | OTHER PUBLIC CHARITY | MEDICAL AND CANCER RESEARCH | $430,000 | |
| REGENTS OF THE UNIVERSITY OF CA | ||||||||
| 1111 BROADWAY CA | OAKLAND | CA | 94607 | NONE | OTHER PUBLIC CHARITY | EDUCATION | $75,000 | |
| UCLA FOUNDATION | ||||||||
| 10920 WILSHIRE BLVD STE 1400 | LOS ANGELES | CA | 90024 | NONE | OTHER PUBLIC CHARITY | MEDICAL RESEARCH | $10,000 | |
| UNIVERSITY OF SOUTHERN CALIFORNIA | ||||||||
| HEALTH SCIENCES CAMPUS UNIVERSITY | LOS ANGELES | CA | 90089 | NONE | OTHER PUBLIC CHARITY | MEDICAL RESEARCH | $100,000 | OF SOUTHERN CALIFORNIA |
| UNIVERSITY OF CALIFORNIA - SAN DIEGO | ||||||||
| 9500 GILMAN DRIVE | LA JOLLA | CA | 92093 | NONE | OTHER PUBLIC CHARITY | EDUCATION | $1,000,000 | |
| MACGILLIVRAY FREEMAN EDUCATIONAL FOUNDATION | ||||||||
| PO BOX 205 | LAGUNA BEACH | CA | 92652 | NONE | OTHER PUBLIC CHARITY | EDUCATION | $250,000 | |
| KERSHAW'S CHALLENGE | ||||||||
| 5949 SHERRY LANE SUITE 110 | DALLAS | TX | 75225 | NONE | OTHER PUBLIC CHARITY | PROGRAM ASSISTANCE | $15,000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $11,731,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $5,569,533 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $2,842,672 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | -$3,925,399 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $8,412,205 | ExclusionAmt |
| Related Or Exempt Function Incm | -$3,925,399 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $4,486,806 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 8 | LineNumberTxt |
| Relationship Statement | REDEMPTION OF INVESTMENTS TO PROVIDE CASH FOR DONATIONS TO VARIOUS CHARITABLE ORGANIZATIONS | RelationshipStatementTxt |
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 (2 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|
| CENTRAL VALLEY ADMINISTRATORS INC | ||||||
| 1 | 3115 OCEAN FRONT WALK SUITE 301 | MARINA DEL REY | CA | 90292 | $177,359 | Yes (X) |
| CENTRAL VALLEY ADMINISTRATORS INC | ||||||
| 2 | 3115 OCEAN FRONT WALK SUITE 301 | MARINA DEL REY | CA | 90292 | $2,308,337 | Yes (X) |
Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | 7,808 SHARES OF SIGNIFY HEALTH INC, VALUED AT $22.715 PER SHARE. | $177,359 | 2022-08-08 |
| 2 | 77,500 SHARES OF INHIBRIX INC, VALUED AT $29.785 PER SHARE | $2,308,337 | 2022-10-07 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING | CategoryTxt |
| Amt | $6,755 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (13 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| GUGGENHEIM PARTNERS OPPORTUNISTIC | FMV | $15,323,933 | $22,358,897 |
| CHATHAM FUND QP IV, LLC | FMV | $634,273 | $624,047 |
| MIDOCEAN ABSOLUTE RETURN | FMV | $37,775,339 | $34,539,903 |
| SILVER ROCK OPPORTUNITIES | FMV | $50,000,000 | $67,047,251 |
| JP MORGAN PRIVATE BANK | FMV | $61,310,090 | $62,840,492 |
| CANYON LAURAL INVT. FUND (A) LP | FMV | $25,676 | $120,488 |
| CLOVERFIELDS CAPITAL GROUP | FMV | $11,206,441 | $11,497,825 |
| MERRILL LYNCH | FMV | $14,512,153 | $9,805,175 |
| NATIONAL REALTY TRUST | FMV | $14,916,872 | $14,916,872 |
| MORGAN STANLEY | FMV | $559,060 | $394,342 |
| DRAGONEER | FMV | $20,487,909 | $12,805,919 |
| MARCH SUKI INVESTMENT | FMV | $2,000,000 | $2,000,000 |
| SAVAGE X HOLDING | FMV | $0 | $91,104 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL | CategoryTxt |
| Legal Fees | $124,926 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| LICENSE & FILING FEES | $677 | $0 | $0 |
| BANK CHARGES | $32 | $0 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (15 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| NATIONAL REALITY - CAP GAIN | $34,568 | $34,568 | $34,568 |
| BREAKAWAY INVESTMENT RENTAL INCOME | $15 | $15 | $15 |
| CANYON LAUREL ORIDNARY INCOME | -$5,800 | -$5,800 | -$5,800 |
| CANYON LAUREL RENTAL INCOME | $37,419 | $37,419 | $37,419 |
| BREAKAWAY INVESTMENT OTHER INCOME | $46,285 | $46,285 | $46,285 |
| CANYON LAUREL OTHER INCOME | $2,515 | $2,515 | $2,515 |
| MIDOCEAN-PFIC INCOME | $1,946,877 | $1,946,877 | $1,946,877 |
| GUGGENHEIM OPP-PFIC GAIN | $19,242 | $19,242 | $19,242 |
| GUGGENHEIM OPP-PFIC INCOME | $755,275 | $755,275 | $755,275 |
| GUGGENHEIM OPP-PFIC SUBPART F | $927 | $927 | $927 |
| BREAKAWAY CAP PTRN ORDINARY INCOME | -$3,203 | -$3,203 | -$3,203 |
| BREAKAWAY CAP LLC PATRN ORDINARY INC | -$242 | -$242 | -$242 |
| BREAKAWAY CAP LLC OTHER INCOME | $1,655 | $1,655 | $1,655 |
| BREAKAWAY INVESTMENT RENTAL INCOME | $1 | $1 | $1 |
| GUGGENHEIM NZC - OTHER INCOME | $7,138 | $7,138 | $7,138 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNTEALIZED GAIN BREAKAWAY CAPITAL PARTNERS | Desc |
| BOY Book Value | $73,898 | BOYBookValueAmt |
| EOY Book Value | $174,312 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| CONSULTING SERVICES | $863,120 | $863,120 | $0 |
| INVESTMENT EXPENSE | $119,651 | $119,651 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| PROPERTY TAXES | $10,082 | $0 | $0 |
| STATE TAX | $39,990 | $0 | $0 |
| FEDERAL TAX | $192,849 | $0 | $0 |
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