POLSKY FOUNDATION: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- POLSKY FOUNDATION (EIN 65-1164639)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-11-15
- IRS object ID
- 202323199349105707
- 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
- Schedule B
- Accounting Fees Schedule
- Depreciation Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-11-15T13:40:10-06:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MILLER COOPER & CO LTD | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1751 Lake Cook Road Suite 400 | AddressLine1Txt |
| City | Deerfield | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60015 | 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 | 651164639 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Polsky Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % MICHAEL P POLSKY | InCareOfNm |
| Business Name Control | POLS | BusinessNameControlTxt |
| Phone | 3125821405 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One South Wacker Drive Suite 1810 | AddressLine1Txt |
| City | Chicago | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60606 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHAEL POLSKY | PersonNm |
| Person Title | OFFICER | PersonTitleTxt |
| Phone | 3125821402 | PhoneNum |
| Signature | 2023-05-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MICHAEL | PersonFirstNm |
| Person Last | POLSKY | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Daphne McCoy | PreparerPersonNm |
| PTIN | P00223571 | PTIN |
| Phone | 8472055000 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| 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 | $68,739,918 | 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 | $879,590 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $181,370 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $42,337 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $760,959 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $760,959 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $10,627,297 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $35,709,618 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $10,627,297 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $983,364 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $983,251 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $0 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $13,432,580 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $12,413,844 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $20,421 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $20,421 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $1,119 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $1,119 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $59,193 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $19,193 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $42,521 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $42,521 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $123,254 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $83,254 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $9,059,259 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $9,059,259 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $9,182,513 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $83,254 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $9,059,259 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $4,250,067 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $12,330,590 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $23,675 | CashBOYAmt |
| Cash EOY | $19,276 | CashEOYAmt |
| Cash EOYFMV | $19,276 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $1,233,355 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,763,153 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,763,153 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $0 | AcctRcvblAmt |
| Acct Rcvbl BOY | $9,934 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $0 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $0 | AcctRcvblEOYFMVAmt |
| Other Investments BOY | $63,410,494 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $66,957,489 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $66,957,489 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $64,677,458 | TotalAssetsBOYAmt |
| Total Assets EOY | $68,739,918 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $68,739,918 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $2,711 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $9,326 | AccountsPayableEOYAmt |
| Total Liabilities BOY | $2,711 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $9,326 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $64,674,747 | RetainedEarningBOYAmt |
| Retained Earning EOY | $68,730,592 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $64,674,747 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $68,730,592 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $64,677,458 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $68,739,918 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $64,674,747 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $4,250,067 | ExcessRevenueOverExpensesAmt |
| Other Increases | $414,849 | OtherIncreasesAmt |
| Subtotal | $69,339,663 | SubtotalAmt |
| Other Decreases | $609,071 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $68,730,592 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)
| PropertyPropertyDesc | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|---|
| SHORT TERM PUBLICLY TRADED | 2022-05-23 | $1,485,071 | $1,523,354 | -$38,283 | -$38,283 | |
| LONG TERM PUBLICLY TRADED | $34,215,633 | $23,558,967 | $10,656,666 | $10,656,666 | ||
| CAPITAL GAIN DIVIDENDS | $8,914 | P | ||||
| CAPITAL GAIN DIVIDENDS | $8,914 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $10,627,297 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | -$38,283 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $171,395 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $171,395 | SubtotalAmt |
| Tax Based On Investment Income | $171,395 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $27,353 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $180,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $207,353 | TotalPaymentsAndCreditsAmt |
| Overpayment | $35,958 | OverpaymentAmt |
| Applied To ES Tax | $35,958 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | IL | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (true) | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICHAEL P POLSKY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3125821402 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE SOUTH WACKER DRIVE SUITE 1810 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60606 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Undistr Incm Sect4942a2 Not App | false | UndistrIncmSect4942a2NotAppInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 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 |
|---|---|---|---|---|---|---|---|---|
| MICHAEL P POLSKY | ||||||||
| One South Wacker Drive Suite 1810 | Chicago | IL | 60606 | PRESIDENT AND DIRECTOR | 0 | $0 | $0 | $0 |
| JONATHAN TAIBER | ||||||||
| One South Wacker Drive Suite 1810 | Chicago | IL | 60606 | TREASURER AND DIRECTOR | 0 | $0 | $0 | $0 |
| DAVID CANMANN | ||||||||
| 111 W WASHINGTON SUITE 823 | CHICAGO | IL | 60602 | SECRETARY AND DIRECTOR | 0 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp | |
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $13,888 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $56,683,406 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $56,697,294 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $56,697,294 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $850,459 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $55,846,835 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,792,342 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $2,792,342 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $171,395 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $171,395 | TotalTaxAmt |
| Distributable Before Adj | $2,620,947 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $2,620,947 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $2,620,947 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $9,059,259 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $9,059,259 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $2,620,947 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2020 | PriorYear1Yr |
| Prior Year2 | 2019 | PriorYear2Yr |
| Prior Year3 | 2018 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $1,520,106 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $2,881,865 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $4,884,124 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $4,290,134 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $4,312,956 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $17,889,185 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $9,059,259 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Current Year | $2,620,947 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $6,438,312 | RemainingDistriFromCorpusAmt |
| Total Corpus | $24,327,497 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $1,520,106 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $22,807,391 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $2,881,865 | ExcessFromYear4Amt |
| Excess From Year3 | $4,884,124 | ExcessFromYear3Amt |
| Excess From Year2 | $4,290,134 | ExcessFromYear2Amt |
| Excess From Year1 | $4,312,956 | ExcessFromYear1Amt |
| Excess From Current Year | $6,438,312 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (36 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | Address Line2RecipientUSAddress/AddressLine2Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line1RecipientForeignAddress/AddressLine1Txt | CityRecipientForeignAddress/CityNm | CountryRecipientForeignAddress/CountryCd | Foreign PostalRecipientForeignAddress/ForeignPostalCd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Northwestern Memorial Foundation | |||||||||||
| 251 E Huron St | Suite 3-200 | Chicago | IL | 60611 | PC | GENERAL FUND | $2,000,000 | ||||
| JDRF International | |||||||||||
| 1 E Wacker Dr Suite 1400 | Chicago | IL | 60601 | PC | GENERAL FUND | $25,000 | |||||
| United States Holocaust Museum | |||||||||||
| 595 Elm Pl | Highland Park | IL | 60035 | PC | GENERAL FUND | $600,000 | |||||
| World Resources Institute | |||||||||||
| 10 G St NE 800 | Washington | DC | 20002 | PC | GENERAL FUND | $500,000 | |||||
| Harvey Global Health | |||||||||||
| 259 E Erie St Ste 2350 | Chicago | IL | 60611 | PC | GENERAL FUND | $25,000 | |||||
| Hope Chicago | |||||||||||
| 303 E Wacker Dr 360 | Chicago | IL | 60601 | PC | GENERAL FUND | $50,000 | |||||
| Obama Foundation | |||||||||||
| 5235 S Harper Ct Suite 1140 | Chicago | IL | 60615 | PC | GENERAL FUND | $666,665 | |||||
| Pine Crest | |||||||||||
| 3300 175th St | Hazel Crest | IL | 60429 | PC | GENERAL FUND | $50,000 | |||||
| UChicago Polsky Center | |||||||||||
| 5807 S Woodlawn Ave 207 | Chicago | IL | 60637 | PC | GENERAL FUND | $4,000,000 | |||||
| Abundance International | |||||||||||
| 7495 W Azure Dr Suite 110 | Las Vegas | NV | 89130 | PC | GENERAL FUND | $5,000 | |||||
| Auditorium Theatre of Roosevelt University | |||||||||||
| 50 East Ida B Wells Drive | Chicago | IL | 60605 | PC | GENERAL FUND | $40,000 | |||||
| Boys and Girls Club of Chicago | |||||||||||
| 2950 W Washington Blvd | Chicago | IL | 60612 | PC | GENERAL FUND | $50,000 | |||||
| Chicago Media Project | |||||||||||
| 301 W Grand Ave 170 | Chicago | IL | 60654 | PC | GENERAL FUND | $15,000 | |||||
| Envision Unlimited | |||||||||||
| 8 S Michigan Ave 1700 | Chicago | IL | 60603 | PC | GENERAL FUND | $5,000 | |||||
| Great Lakes Academy Charter School | |||||||||||
| 8401 S Saginaw Ave | Chicago | IL | 60617 | PC | GENERAL FUND | $2,000 | |||||
| High Jump | |||||||||||
| 820 W Jackson Blvd | Chicago | IL | 60607 | PC | GENERAL FUND | $5,000 | |||||
| Jewish United Fund | |||||||||||
| 30 S Wells Street | Chicago | IL | 60606 | PC | GENERAL FUND | $26,800 | |||||
| Latin School of Chicago | |||||||||||
| 59 W North Blvd | Chicago | IL | 60610 | PC | GENERAL FUND | $10,000 | |||||
| Lurie Children's Hospital | |||||||||||
| 225 E Chicago Ave | Chicago | IL | 60611 | PC | GENERAL FUND | $5,000 | |||||
| Polish Messenger of the Sacred Heart | |||||||||||
| 4105 N Avers Ave | Chicago | IL | 60618 | PC | GENERAL FUND | $190,100 | |||||
| This Child Here | |||||||||||
| 245 Seaview Ave | Daytona Beach | FL | 32118 | PC | GENERAL FUND | $79,182 | |||||
| Union of Jewish Religious Communities | |||||||||||
| PC | GENERAL FUND | $9,893 | 29 Shchekavytska St | Kyiv | UP | 04071 | |||||
| White Stork | |||||||||||
| 512 Chestnut St Unit 11 | Winnetka | IL | 60093 | PC | GENERAL FUND | $225,544 | |||||
| World Jewish Congress | |||||||||||
| 501 Madison Avenue | New York | NY | 10022 | PC | GENERAL FUND | $10,875 | |||||
| Yahad In Unum Mid-America | |||||||||||
| 2444 Madison Road Unit 1708 | Cincinnati | OH | 45208 | PC | GENERAL FUND | $100,000 | |||||
| American Heart Association | |||||||||||
| PO Box 840692 | Dallas | TX | 75284 | PC | GENERAL FUND | $5,000 | |||||
| Big Green | |||||||||||
| 11001 W 120th Ave | Broomfield | CO | 80021 | PC | GENERAL FUND | $10,000 | |||||
| Field Museum | |||||||||||
| 1400 S Lake Shore Dr | Chicago | IL | 60605 | PC | GENERAL FUND | $10,000 | |||||
| Help Razom | |||||||||||
| 2680 W Lake St | Melrose Park | IL | 60160 | PC | GENERAL FUND | $1,200 | |||||
| Las Olas Chabad | |||||||||||
| 1302 E Las Olas Blvd | Fort Lauderdale | FL | 33301 | PC | GENERAL FUND | $10,000 | |||||
| Pack the Plane Ukraine NFP Inc | |||||||||||
| 259 E Erie St | Lavin Family Pavilion Suite 1600 | Chicago | IL | 60611 | PC | GENERAL FUND | $20,000 | ||||
| Ping Pong Productions Inc | |||||||||||
| 1840 Dana St | Glendale | CA | 91201 | PC | GENERAL FUND | $32,000 | |||||
| Planned Parenthood of Illinois | |||||||||||
| 17 N State Street 5th Floor | Chicago | IL | 60602 | PC | GENERAL FUND | $50,000 | |||||
| Save the Children Federation | |||||||||||
| 501 Kings Highway East Suite 400 | Fairfield | CT | 06825 | PC | GENERAL FUND | $100,000 | |||||
| Ukrainian Resistance Foundation | |||||||||||
| 4136 United Pkwy | Schiller Park | Chicago | IL | 60174 | PC | GENERAL FUND | $25,000 | ||||
| University of Pennsylvania | |||||||||||
| 2929 Walnut Street | Philadelphia | PA | 19104 | PC | GENERAL FUND | $100,000 | |||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $9,059,259 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $181,370 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $760,959 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Income | OtherInvestmentIncomeGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $10,627,297 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp (9 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt | BusinessBusinessCd |
|---|---|---|---|
| TACONIC CRE INVESTMENT FUNDS K-1 | 16 | $54,514 | |
| TCP DIRECT LENDING FUND VIII-L, LLC | 16 | $77,591 | 523000 |
| TACONIC CRE DISLOCATION FUND II L.P. | 16 | $161,262 | |
| DAVIDSON KEMPER INSTITUTIONAL PARTNERS LP | 16 | $306,531 | |
| LONGFORD CAPITAL FUND | 16 | $53,164 | |
| BLACK ROCK DIRECT LENDING FEEDER IX-U LP | 16 | $118,999 | |
| MONROE CAPITAL K-1 | 16 | $279,366 | |
| PLUG | 16 | -$79,689 | |
| OTHER INCOME | 16 | $11,626 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $12,552,990 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $12,552,990 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | Michael P Polsky | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One South Wacker Drive Suite 1810 | AddressLine1Txt |
| City | Chicago | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60606 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $879,590 | TotalContributionsAmt |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp (3 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | 13,896 SHS KEURIG DR PEPPER INC | $555,284 | 2022-08-22 |
| 1 | 38,676 SHS PURECYCLE TECHNOLOGIES | $324,298 | 2022-10-21 |
| 1 | 0.3 SHS ORGANON & CO | $8 | 2022-11-10 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $1,119 | Amt |
| Net Investment Income | $1,119 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (11 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| PINEHURST INSTITUTION | $1,471,004 | $1,471,004 |
| TACONIC CRE INVESTMENT FUNDS | $600,061 | $600,061 |
| TCP DIRECT LENDING FUND VIII | $1,507,470 | $1,507,470 |
| TACONIC CRE DISLOCATION FUND I | $1,113,049 | $1,113,049 |
| BLACK ROCK DIRECT LENDING FEED | $1,699,450 | $1,699,450 |
| DAVIDSON KEMPER | $8,578,619 | $8,578,619 |
| LONGFORD CAPITAL FUND | $226,483 | $226,483 |
| VOLEON COMPOSITION INT'L FUND | $977,006 | $977,006 |
| BNY SECURITIES | $45,663,565 | $45,663,565 |
| SCHWAB SECURITIES X4302 | $3,116,375 | $3,116,375 |
| MONROE CAPITAL | $2,004,407 | $2,004,407 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $20,421 | LegalFeesAmt |
| Net Investment Income | $20,421 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| INCOME FROM PFIC | $398,365 |
| ADJ TO K-1 BALANCES | $210,706 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER EXPENSES | Desc |
| Revenue And Expenses Per Books | $42,521 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $42,521 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (9 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| TACONIC CRE INVESTMENT FUNDS K-1 | $54,514 | $54,514 | $0 |
| TCP DIRECT LENDING FUND VIII-L, LLC | $77,591 | $77,591 | $0 |
| TACONIC CRE DISLOCATION FUND II L.P. | $161,262 | $161,262 | $0 |
| LONGFORD CAPITAL FUND III, LP | $53,164 | $53,202 | $0 |
| DAVIDSON KEMPNER INSTITUTIONAL PARTNERS | $306,531 | $306,380 | $0 |
| Blackrock Direct Lending Feeder IX-U LP | $118,999 | $118,999 | $0 |
| Monroe Capital | $279,366 | $279,366 | $0 |
| Plug | -$79,689 | -$79,689 | $0 |
| Other Income | $11,626 | $11,626 | $0 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BV TO FMV DIFFERENCE | Desc |
| Amt | $414,849 | Amt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| STATE TAXES - IL | $5,015 | $5,015 | $0 | $0 |
| FEDERAL TAXES | $40,000 | $0 | $0 | $0 |
| FOREIGN TAXES | $14,178 | $14,178 | $0 | $0 |
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