GILBERT FAMILY FOUNDATION: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- GILBERT FAMILY FOUNDATION (EIN 81-0810541)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-11-14
- IRS object ID
- 202303189349105670
- 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
- Dissolution Stmt
- Liquidation Explanation Stmt
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-11-14T17:19:39-06:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 381357951 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PLANTE & MORAN PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2601 CAMBRIDGE CT STE 300 | AddressLine1Txt |
| City | AUBURN HILLS | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48326 | 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 | 810810541 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GILBERT FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GILB | BusinessNameControlTxt |
| Phone | 3137829500 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1074 WOODWARD AVENUE | AddressLine1Txt |
| City | DETROIT | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 482261906 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MATTHEW J RIZIK | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 3137829500 | PhoneNum |
| Signature | 2023-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MATTHEW | PersonFirstNm |
| Person Last | RIZIK | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | 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 | DORI J EGGETT | PreparerPersonNm |
| PTIN | P00645252 | PTIN |
| Phone | 2483757100 | PhoneNum |
| Preparation | 2023-11-14 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | 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) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $1,691,057 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $635,426 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $612,158 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $10,674,374 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $55,235,700 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $10,674,374 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $11,309,800 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $11,286,532 | 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 |
| Oth Empl Slrs Wgs Rev And Expnss | $54,858 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $62,921 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $4,122 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $13,450 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $23,659 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $23,659 | LegalFeesDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $233,723 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $114,622 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $232,318 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $18,000 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $18,000 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $15,346 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $1,244 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $349,708 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $114,622 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $351,592 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $44,750 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,644,750 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $394,458 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $114,622 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,996,342 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $10,915,342 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $11,171,910 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $14,437,059 | CashBOYAmt |
| Cash EOY | $1,691,057 | CashEOYAmt |
| Cash EOYFMV | $1,691,057 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $11,028,695 | SavAndTempCashInvstBOYAmt |
| Prepaid Expenses BOY | $14,102 | PrepaidExpensesBOYAmt |
| US Government Obligations BOY | $4,856,226 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $0 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $0 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $56,229,980 | CorporateStockBOYAmt |
| Corporate Stock EOY | $0 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $0 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $7,158,390 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $0 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $0 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $29,109,108 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $0 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $0 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $122,833,560 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,691,057 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $1,691,057 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $92,391 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $905 | AccountsPayableEOYAmt |
| Grants Payable BOY | $34,197,279 | GrantsPayableBOYAmt |
| Total Liabilities BOY | $34,289,670 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $905 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $150,000,000 | CapitalStockBOYAmt |
| Capital Stock EOY | $150,000,000 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | -$61,456,110 | RetainedEarningBOYAmt |
| Retained Earning EOY | -$148,309,848 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $88,543,890 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $1,690,152 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $122,833,560 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $1,691,057 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $88,543,890 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $10,915,342 | ExcessRevenueOverExpensesAmt |
| Other Increases | $1,753,202 | OtherIncreasesAmt |
| Subtotal | $101,212,434 | SubtotalAmt |
| Other Decreases | $99,522,282 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $1,690,152 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (40 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|
| CITIGROUP INC NTS B/E 2.750% | 2017-10-31 | 2022-04-25 | $39,000 | $39,000 | $0 | $0 |
| FHLMC PL G08771 04.0000 DUE 07/01/47 | 2021-01-01 | 2022-12-31 | $11,819 | $11,819 | $11,819 | |
| FHLMC PL G08788 03.5000 DUE 11/01/47 | 2021-01-01 | 2022-12-31 | $10,636 | $10,636 | $10,636 | |
| FHLMC PL G08697 03.0000 DUE 03/01/46 | 2021-01-01 | 2022-12-31 | $12,967 | $12,967 | $12,967 | |
| FHLMC PL G18684 03.0000 DUE 04/01/33 | 2021-01-01 | 2022-12-31 | $2,584 | $2,584 | $2,584 | |
| FHLMC PL SD8043 02.5000 DUE 02/01/50 | 2021-01-01 | 2022-12-31 | $5,415 | $5,415 | $5,415 | |
| FHLMC PL SD8044 03.0000 DUE 02/01/50 | 2021-01-01 | 2022-12-31 | $5,943 | $5,943 | $5,943 | |
| FNMA PL BE3631 04.5000 DUE 05/01/47 | 2021-01-01 | 2022-12-31 | $3,458 | $3,458 | $3,458 | |
| FNMA PL BM1231 03.5000 DUE 11/01/31 | 2021-01-01 | 2022-12-31 | $4,655 | $4,655 | $4,655 | |
| AT&T INC B/E 04.125% | 2017-10-16 | 2022-05-11 | $71,818 | $71,038 | $780 | $780 |
| BB&T CORP NOTE RATE 2.50 % | 2020-03-10 | 2022-01-26 | $25,606 | $25,451 | $155 | $155 |
| BK OF AMER CORP MEDIUM TERM NOTE RATE 4.00 % | 2021-01-01 | 2022-01-21 | $68,613 | $65,980 | $2,633 | $2,633 |
| WALT DISNEY COMPANY/THE 2.350% | 2020-03-13 | 2022-01-21 | $55,727 | $55,071 | $656 | $656 |
| MICROSOFT CORP MEDIUM TERM NOTE RATE 2.375 % | 2020-03-19 | 2022-01-21 | $76,164 | $75,077 | $1,087 | $1,087 |
| PNC FINL SERVICES NOTE RATE 3.50 % | 2019-05-08 | 2022-01-21 | $57,271 | $55,651 | $1,620 | $1,620 |
| STATOIL ASA RATE 2.65 % | 2017-10-12 | 2022-01-21 | $71,909 | $69,651 | $2,258 | $2,258 |
| TOTAL CAPITAL INTL SA RATE 3.75 % | 2019-05-13 | 2022-01-25 | $57,873 | $56,135 | $1,738 | $1,738 |
| U S TREASURY INFL NOTE NOTE RATE 2.375 % MATURES 05/15/2029 | 2019-09-13 | 2022-01-26 | $130,596 | $129,645 | $951 | $951 |
| U S TREASURY INFL NOTE COUNTRY: DE NOTE RATE 2.25 % MATURES 11/15/2025 | 2017-10-31 | 2022-01-26 | $20,595 | $19,929 | $666 | $666 |
| US TSY NOTE 01.750 % DUE 05/15/22 DTD 05/15/12 FC 11/15/12 | 2017-10-10 | 2022-05-15 | $90,000 | $89,466 | $534 | $534 |
| U S TREASURY INFL NOTE NOTE RATE 1.75 % MATURES 11/15/2029 | 2020-05-14 | 2022-01-26 | $120,300 | $130,680 | -$10,380 | -$10,380 |
| CDK GLOB INC NOTE RATE 4.875 % | 2019-12-19 | 2022-07-06 | $146,813 | $150,880 | -$4,067 | -$4,067 |
| CARLISLE COS INC NTS B/E 03.750% | 2019-12-06 | 2022-01-27 | $10,134 | $10,091 | $43 | $43 |
| CITRIX SYSTEMS INC NOTE RATE 4.50 % | 2019-06-04 | 2022-12-31 | $136,529 | $133,931 | $2,598 | $2,598 |
| KLA-TENCOR CORP NOTE RATE 4.65 % | 2019-10-21 | 2022-07-07 | $97,328 | $99,546 | -$2,218 | -$2,218 |
| MOTOROLA SOLUTIONS INC RATE 4.00 % | 2017-10-23 | 2022-12-31 | $143,583 | $143,368 | $215 | $215 |
| ISHARES S&P MIDCAP 400 GROWTH ETF | 2021-09-30 | 2022-08-31 | $43,740 | $47,554 | -$3,814 | -$3,814 |
| ISHARES S&P SMALLCAP 600 GROWTH ETF | 2021-09-30 | 2022-08-31 | $36,208 | $40,302 | -$4,094 | -$4,094 |
| ISHARES MSCI ACWI EX US ETF $0.13 | 2021-12-17 | 2022-08-31 | $272,879 | $305,816 | -$32,937 | -$32,937 |
| VANGUARD S&P 500 ETF | 2021-10-04 | 2022-08-31 | $396,344 | $431,232 | -$34,888 | -$34,888 |
| ISHARES S&P MIDCAP 400 GROWTH ETF | 2017-10-12 | 2022-08-31 | $6,010,905 | $4,672,591 | $1,338,314 | $1,338,314 |
| ISHARES S&P SMALLCAP 600 GROWTH ETF | 2018-02-13 | 2022-08-31 | $4,490,812 | $3,315,413 | $1,175,399 | $1,175,399 |
| ISHARES MSCI ACWI EX US ETF $0.13 | 2020-06-22 | 2022-08-31 | $7,725,234 | $7,663,331 | $61,903 | $61,903 |
| VANGUARD S&P 500 ETF | 2020-06-22 | 2022-08-31 | $27,740,830 | $21,765,952 | $5,974,878 | $5,974,878 |
| AMERICAN EXPRESS CREDIT 00.874% | 2018-09-13 | 2022-01-31 | $145,000 | $145,025 | -$25 | -$25 |
| FARMER MAC NTS 00.060% | 2020-04-28 | 2022-02-18 | $240,000 | $240,000 | $0 | $0 |
| JPMORGAN CHASE & CO ADJUSTABLE RATE 3.54 % | 2018-12-14 | 2022-03-03 | $15,469 | $14,473 | $996 | $996 |
| U S TREASURY NOTE RATE 2.125 % MATURES 05/15/2025 | 2021-04-19 | 2022-07-27 | $4,877 | $5,212 | -$335 | -$335 |
| FNMA PL 889716 05.5000 DUE 10/01/22 | 2021-01-01 | 2022-12-31 | $4,134 | $4,134 | $4,134 | |
| ALPHAKEYS MILLENNIUM FD LTD CLASS A SERIES 3 | 2017-12-26 | 2022-02-28 | $6,631,932 | $4,493,835 | $2,138,097 | $2,138,097 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $10,674,374 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $155,290 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $155,290 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $155,290 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $7,040 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $7,500 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $14,540 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $4,475 | EsPenaltyAmt |
| Tax Due | $145,225 | TaxDueAmt |
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 | MI | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | Yes (1) | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.GILBERTFAMILYFOUNDATION.ORG | WebsiteAddressTxt |
| Individual With Books | MATTHEW RIZIK | IndividualWithBooksNm |
| Phone | 3137829500 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1074 WOODWARD AVENUE | AddressLine1Txt |
| City | DETROIT | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 482261906 | 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 (4 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 |
|---|---|---|---|---|---|---|---|---|
| DANIEL B GILBERT | ||||||||
| 1074 WOODWARD AVENUE | DETROIT | MI | 48226 | TRUSTEE | 1.00 | $0 | $0 | $0 |
| JENNIFER GILBERT | ||||||||
| 1074 WOODWARD AVENUE | DETROIT | MI | 48226 | TRUSTEE | 1.00 | $0 | $0 | $0 |
| MATTHEW RIZIK | ||||||||
| 1074 WOODWARD AVENUE | DETROIT | MI | 48226 | TREASURER | 1.00 | $0 | $0 | $0 |
| LAURA GRANNEMANN | ||||||||
| 1074 WOODWARD AVENUE | DETROIT | MI | 48226 | EXECUTIVE DIRECTOR | 20.00 | $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 | UBS FINANCIAL SERVICES INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 299 PARK AVENUE 26TH FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10171 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | INVESTMENT MANAGEMENT | ServiceTypeTxt |
| Compensation | $114,622 | 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 | $52,628,047 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $9,735,854 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $62,363,901 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $62,363,901 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $935,459 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $61,428,442 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $3,071,422 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $3,071,422 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $155,290 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $155,290 | TotalTaxAmt |
| Distributable Before Adj | $2,916,132 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $2,916,132 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $2,916,132 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,996,342 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,996,342 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $2,916,132 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr4 | $2,601,908 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $5,193,231 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $10,451,605 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $23,210,386 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $41,457,130 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,996,342 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $1,996,342 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $919,790 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $919,790 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $40,537,340 | 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 | $40,537,340 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $1,682,118 | ExcessFromYear4Amt |
| Excess From Year3 | $5,193,231 | ExcessFromYear3Amt |
| Excess From Year2 | $10,451,605 | ExcessFromYear2Amt |
| Excess From Year1 | $23,210,386 | ExcessFromYear1Amt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (9 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| MUSCULAR DYSTROPHY ASSOCIATION INC | |||||||
| 161 N CLARK STREET SUITE 3550 | CHICAGO | IL | 60601 | N/A | PC | GENERAL | $10,000 |
| ILITCH CHARITIES INC | |||||||
| 2211 WOODWARD AVENUE | DETROIT | MI | 48201 | N/A | PC | GENERAL | $10,000 |
| DETROIT CHILDREN'S FUND | |||||||
| 100 TALON CENTRE DRIVE SUITE 100 | DETROIT | MI | 48207 | N/A | PC | GENERAL | $10,000 |
| KADIMA | |||||||
| 29699 SOUTHFIELD ROAD | SOUTHFIELD | MI | 48076 | N/A | PC | GENERAL | $5,000 |
| ALEX'S LEMONADE STAND FOUNDATION | |||||||
| 333 E LANCASTER AVE 414 | WYNNEWOOD | PA | 19096 | N/A | PC | GENERAL | $5,000 |
| CHILDREN'S TUMOR FOUNDATION | |||||||
| 120 WALL STREET 16TH FLOOR | NEW YORK | NY | 10005 | BOARD MEMBER | PC | SCIENTIFIC | $2,500 |
| HENRY FORD HEALTH SYSTEM | |||||||
| 1 FORD PLACE | DETROIT | MI | 48202 | N/A | PC | GENERAL | $1,500 |
| CRANBROOK EDUCATIONAL COMMUNITY | |||||||
| 39221 WOODWARD AVENUE PO BOX 801 | BLOOMFIELD HILLS | MI | 48303 | BOARD MEMBER | PC | EDUCATIONAL | $500 |
| MICHIGAN STATE UNIVERSITY | |||||||
| 535 CHESTNUT ROAD ROOM 300 | EAST LANSING | MI | 48824 | N/A | PC | GENERAL | $250 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $44,750 | 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 | $635,426 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $10,674,374 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $11,309,800 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $11,309,800 | 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 |
Dissolution Stmt DissolutionStmt
Dissolution Information DissolutionInformationGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE GILBERT FAMILY FOUNDATION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1074 WOODWARD AVENUE | AddressLine1Txt |
| City | DETROIT | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48226 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Short Explanation | BY CONSENT OF THE FOUNDATION'S TRUSTEES, SUBSTANTIALLY ALL OF THE FOUNDATION'S ASSETS AND GRANT LIABILITIES WERE TRANSFERRED TO A NEW FOUNDATION, THE GILBERT FAMILY FOUNDATION (THE "NEW FOUNDATION") DURING 2022. | ShortExplanationTxt |
| Dissolution | $99,522,282 | DissolutionAmt |
Liquidation Explanation Stmt LiquidationExplanationStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | DISCLOSURE OF SUBSTANTIAL CONTRACTION: BY CONSENT OF THE FOUNDATION'S TRUSTEES, SUBSTANTIALLY ALL OF THE FOUNDATION'S ASSETS AND GRANT LIABILITIES WERE TRANSFERRED TO A NEW FOUNDATION, THE GILBERT FAMILY FOUNDATION (THE "NEW FOUNDATION") DURING 2022. THE NEW FOUNDATION WAS FORMED IN 2021 AS A NONPROFIT MEMBERSHIP CORPORATION. THE MEMBERS OF THE NEW FOUNDATION ARE THE FOUNDER OF THE FOUNDATION, HIS SPOUSE, AND TWO ADDITIONAL MEMBERS APPOINTED BY THE FOUNDER. THREE OF THE FOUR MEMBERS OF THE NEW FOUNDATION ARE THE TRUSTEES OF THE FOUNDATION. THE NEW FOUNDATION IS EXEMPT FROM TAX UNDER THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3). | ExplanationTxt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL EXPENSE | CategoryTxt |
| Legal Fees | $23,659 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $23,659 | DisbursementsCharitablePrpsAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TRANSFER TO THE GILBERT FAMILY FOUNDATION | Desc |
| Amt | $99,522,282 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INSURANCE | $13,527 | $0 | $339 |
| SOFTWARE AND LICENSING | $1,819 | $0 | $905 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED GAIN | Desc |
| Amt | $1,753,202 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| PROFESSIONAL EXPENSES | $119,101 | $0 | $117,759 |
| BROKERAGE/CUSTODY FEE | $114,622 | $114,622 | $114,559 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FEDERAL EXCISE TAXES | CategoryTxt |
| Amt | $18,000 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $18,000 | DisbursementsCharitablePrpsAmt |
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