BETA

NSN FOUNDATION INC: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
NSN FOUNDATION INC (EIN 22-3769097)
Tax period
2021-12-01 to 2022-11-30
Filed
2023-10-11
IRS object ID
202342849349100004
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 ReturnHeader

FieldValueIRS element (for citing)
Return2023-10-11T07:52:59-05:00ReturnTs
Tax Period End2022-11-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN135565207PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KPMG LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1345 Park AvenueAddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10154ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-12-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN223769097EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1NSN Foundation IncBusinessNameLine1Txt
Business Name Line2Attn Ken Slutsky Tax Exempt Inst GrpBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlNSNFBusinessNameControlTxt
Phone9735972510PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Lowenstein Sandler 1 Lowenstein DrAddressLine1Txt
CityRoselandCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07068ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKENNETH J SLUTSKYPersonNm
Person TitlePresidentPersonTitleTxt
Phone9735972510PhoneNum
Signature2023-10-11SignatureDt
Discuss With Paid Preparer0DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstKENNETHPersonFirstNm
Person LastSLUTSKYPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJay FreedmanPreparerPersonNm
PTINP01758248PTIN
Phone2127589700PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$486,686,288FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$770,000,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$199,409InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$199,409InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$2,758,025DividendsRevAndExpnssAmt
Dividends Net Invst Incm$2,758,025DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$1,931,837NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$148,416,992GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$771,025,597TotalRevAndExpnssAmt
Total Net Invst Incm$2,957,434TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$0CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$0CompOfcrDirTrstDsbrsChrtblAmt
Taxes Rev And Expnss$40,860TaxesRevAndExpnssAmt
Taxes Net Invst Incm$0TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$0TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$17,848OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$17,848OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$0OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$58,708TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$17,848TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$334,000,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$334,000,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$334,058,708TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$17,848TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$334,000,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$436,966,889ExcessRevenueOverExpensesAmt
Net Investment Income$2,939,586NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$911CashBOYAmt
Cash EOY$412CashEOYAmt
Cash EOYFMV$412CashEOYFMVAmt
Sav And Temp Cash Invst BOY$55,401,224SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$246,901,389SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$246,901,389SavAndTempCashInvstEOYFMVAmt
Prepaid Expenses BOY$5,430PrepaidExpensesBOYAmt
Prepaid Expenses EOY$55,070PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV$55,070PrepaidExpensesEOYFMVAmt
US Government Obligations BOY$0USGovernmentObligationsBOYAmt
US Government Obligations EOY$238,457,362USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$238,457,362USGovtObligationsEOYFMVAmt
Other Assets BOY$0OtherAssetsBOYAmt
Other Assets EOY$1,272,055OtherAssetsEOYAmt
Other Assets EOYFMV$1,272,055OtherAssetsEOYFMVAmt
Total Assets BOY$55,407,565TotalAssetsBOYAmt
Total Assets EOY$486,686,288TotalAssetsEOYAmt
Total Assets EOYFMV$486,686,288TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$55,407,565NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$486,686,288NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$55,407,565TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$486,686,288TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$55,407,565TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$486,686,288TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$55,407,565TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$436,966,889ExcessRevenueOverExpensesAmt
Other Increases$0OtherIncreasesAmt
Subtotal$492,374,454SubtotalAmt
Other Decreases$5,688,166OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$486,686,288TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
UST Note 105000000P2022-05-162022-11-14$98,416,992$100,307,813-$1,890,821-$1,890,821
UST Note 50000000P2022-05-162022-11-15$50,000,000$50,041,016-$41,016-$41,016
FieldValueIRS element (for citing)
Capital Gain Net Income-$1,931,837CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$40,860InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$40,860SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$40,860TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$95,930EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$0ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld$0BackupWithholdingWithheldAmt
Total Payments And Credits$95,930TotalPaymentsAndCreditsAmt
Es Penalty$0EsPenaltyAmt
Overpayment$55,070OverpaymentAmt
Applied To ES Tax$55,070AppliedToESTaxAmt
Refund$0RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political Acty0LegislativePoliticalActyInd
More Than100 Spent0MoreThan100SpentInd
Form1120 POL Filed0Form1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws0ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (1)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Org Report Or Register StateFLOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (1)Form990PFFiledWithAttyGenInd
Private Operating Foundation0PrivateOperatingFoundationInd
New Substantial Contributors0NewSubstantialContributorsInd
Own Controlled Entity0OwnControlledEntityInd
Donor Advised FundYes (1)DonorAdvisedFundInd
Comply With Public Insp RqrYes (1)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksKenneth J Slutsky - TEIGIndividualWithBooksNm
Phone9735972510PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1Lowenstein Sandler One LowensteinAddressLine1Txt
Address Line2DriveAddressLine2Txt
CityRoselandCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07068ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts Question0ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified Prsn0SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn0BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn0FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn0PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn0TransferAstDisqualifiedPrsnInd
Payment To Government Official0PaymentToGovernmentOfficialInd
Uncorrected Prior Acts0UncorrectedPriorActsInd
Undistributed Income PY0UndistributedIncomePYInd
Business Holdings0BusinessHoldingsInd
Jeopardy Investments0JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst0UncorrectedPYJeopardyInvstInd
Influence Legislation0InfluenceLegislationInd
Influence Election0InfluenceElectionInd
Grants To Individuals0GrantsToIndividualsInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Noncharitable Purpose0NoncharitablePurposeInd
Transactions Fail To Qlfy As Exc0TransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsYes (1)MaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
John L Berger
One Lowenstein DriveRoselandNJ07068Vice President/Asst Secy.0.10$0$0$0
Kenneth J Slutsky
One Lowenstein DriveRoselandNJ07068President/Treasurer0.10$0$0$0
David Mills
1130 South Flower St Ste 312Los AngelesCA90015Vice President/Secy.0.10$0$0$0
NISON Mangement LLC
One Lowenstein DriveRoselandNJ07068Member0.20$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$551,140,364AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$30,784,787AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$581,925,151TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$581,925,151AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$8,728,877CashDeemedCharitableAmt
Net Vl Noncharitable Assets$573,196,274NetVlNoncharitableAssetsAmt
Minimum Investment Return$28,659,814MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$28,659,814MinimumInvestmentReturnAmt
Tax Based On Investment Income$40,860TaxBasedOnInvestmentIncomeAmt
Total Tax$40,860TotalTaxAmt
Distributable Before Adj$28,618,954DistributableBeforeAdjAmt
Recoveries Qualfied Distri$0RecoveriesQualfiedDistriAmt
Distributable Before Ded$28,618,954DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$28,618,954DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$334,000,000ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$334,000,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$28,618,954DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr4$14,057,251ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$21,727,817ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$39,922,014ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$15,827,228ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$91,534,310TotalExcessDistributionCyovAmt
Qualifying Distributions$334,000,000QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$28,618,954AppliedToCurrentYearAmt
Remaining Distri From Corpus$305,381,046RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$396,915,356TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$0PriorYearDeficiencyOrTaxAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$0CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$0ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$396,915,356ExcessDistriCyovToNextYrAmt
Excess From Year4$14,057,251ExcessFromYear4Amt
Excess From Year3$21,727,817ExcessFromYear3Amt
Excess From Year2$39,922,014ExcessFromYear2Amt
Excess From Year1$15,827,228ExcessFromYear1Amt
Excess From Current Year$305,381,046ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNISON Mangement LLCContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Jewish Communal Fund
575 Madison Avenue Ste 703New YorkNY10022PCFor the general fund of the charity$34,000,000
CHDI Foundation Inc Attn Ken Slutsky Tax Exempt Inst Grp
One Lowenstein DriveRoselandNJ07068PFTo further CHDI's direct charitable activities of promoting and assisting in medical and scientific research in the field of neurodegenerative diseases.$150,000,000
High Q Foundation Inc Attn Ken Slutsky Tax Exempt Inst Grp
One Lowenstein DriveRoselandNJ07068PFTo establish a charitable endowment which shall serve as a philanthropic fund for the primary purpose of funding suitable clinical trials.$150,000,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$334,000,000TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$199,409ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$2,758,025ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$1,931,837ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$1,025,597ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$1,025,597TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO0TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO0TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO0PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets0RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements0ReimbursementArrangementsInd
Loans Or Loan Guarantees0LoansOrLoanGuaranteesInd
Performance Of Services Etc0PerformanceOfServicesEtcInd
Sharing Of Facilities Etc0SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO0RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1Manatee Funding LLCBusinessNameLine1Txt

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1ATTN Ken Slutsky One Lowenstein DriAddressLine1Txt
CityRoselandCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07068ZIPCd
FieldValueIRS element (for citing)
Total Contributions$770,000,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Expenditure Responsibility Stmt ExpenditureResponsibilityStmt

Expenditure Responsibility ExpenditureResponsibilityGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdGrantGrantDtGrantGrantAmtPurpose Of GrantPurposeOfGrantTxtExpended By GranteeExpendedByGranteeAmtAny Diversion By GranteeAnyDiversionByGranteeTxtDates Of Reports By GranteeDatesOfReportsByGranteeTxtResults Of VerificationResultsOfVerificationTxt
CHDI Foundation Inc
One Lowenstein DriveRoselandNJ070682022-02-07$150,000,000Pursuant to a grant agreement between NSN Foundation, Inc. ("NSN") and CHDI dated February 7, 2022, CHDI is required to use the grant funds to further its general charitable purposes in the area of medical research.$103,588,280To the best of NSN's knowledge, CHDI has not diverted any of the funds.October 31, 2022NSN has not conducted any independent verification of CHDI's report because it has no reason to doubt the accuracy or reliability of CHDI's report.
High Q Foundation Inc
One Lowenstein DriveRoselandNJ070682022-11-25$150,000,000Pursuant to a grant agreement between NSN and High Q dated November 25, 2022, High Q is required to use the grant funds to establish a charitable endowment at High Q, which shall serve as a philanthropic fund for the primary purpose of funding suitable clinical trials in medicine, and, to the extent any such funds are determined to be not specifically needed for such purpose (including because sufficient funding from other sources, such as private sector funding from pharmaceutical companies, is otherwise available), to be applied to other proper charitable purposes.$0To the best of NSN's knowledge, High Q has not diverted any of the funds.November 30, 2022NSN has not conducted any independent verification of High Q's report because it has no reason to doubt the accuracy or reliability of High Q's report.

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
US Govt Obligations Book Vl EOY$238,457,362USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV$238,457,362USGovtObligationsEOYFMVAmt
State Local Sec Book Vl EOY$0StateLocalSecBookVlEOYAmt
State Local Sec EOYFMV$0StateLocalSecEOYFMVAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescDividends/Interest ReceivableDesc
BOY Book Value$0BOYBookValueAmt
EOY Book Value$1,272,055EOYBookValueAmt
EOYFMV$1,272,055EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescUnrealized Loss on Investments Carried at FMVDesc
Amt$5,688,166Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescCustody FeesDesc
Revenue And Expenses Per Books$17,848RevenueAndExpensesPerBooksAmt
Net Investment Income$17,848NetInvestmentIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFederal Tax ExpenseCategoryTxt
Amt$40,860Amt
Net Investment Income$0NetInvestmentIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

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