KAPNICK FOUNDATION TR: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- KAPNICK FOUNDATION TR (EIN 36-7434011)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-11-15
- IRS object ID
- 202323199349108497
- 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
- Accounting Fees Schedule
- All Oth Prog Rltd Investments Sch
- Depreciation Schedule
- Investments Other Schedule2
- Other Expenses Schedule
- Other Income Schedule2
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-11-15T17:46:26-06:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERNST & YOUNG US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE MANHATTAN WEST | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100018604 | 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 | 367434011 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Kapnick Foundation | BusinessNameLine1Txt |
| Business Name Line2 | U/A/S 8/15/04 | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % ERNST & YOUNG US LLP | InCareOfNm |
| Business Name Control | KAPN | BusinessNameControlTxt |
| Phone | 2127733000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 73 | AddressLine1Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 102740073 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SCOTT B KAPNICK | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Phone | 2123960333 | PhoneNum |
| Signature | 2023-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | SCOTT B | PersonFirstNm |
| Person Last | KAPNICK | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Christine W Diionna | PreparerPersonNm |
| PTIN | P00999533 | PTIN |
| Phone | 2127733000 | PhoneNum |
| Preparation | 2023-11-15 | PreparationDt |
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 | $56,853,087 | 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 | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $116,326 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $116,326 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $550,394 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $550,394 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $1,131,313 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $2,207,203 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $1,122,180 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $1,094,906 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $950,725 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $2,892,939 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,739,625 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $29,000 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $14,500 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $14,500 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $101,238 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $6,238 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $7,718 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $5,798 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $17 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $137,956 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $26,536 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $14,517 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $6,050,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $6,050,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $6,187,956 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $26,536 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $6,064,517 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$3,295,017 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $2,713,089 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $525,903 | CashBOYAmt |
| Cash EOY | $525,898 | CashEOYAmt |
| Cash EOYFMV | $525,898 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $11,344,978 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $7,745,618 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $7,745,618 | SavAndTempCashInvstEOYFMVAmt |
| Other Investments BOY | $43,242,504 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $43,546,852 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $48,581,571 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $55,113,385 | TotalAssetsBOYAmt |
| Total Assets EOY | $51,818,368 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $56,853,087 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $55,113,385 | CapitalStockBOYAmt |
| Capital Stock EOY | $51,818,368 | CapitalStockEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $55,113,385 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $51,818,368 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $55,113,385 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $51,818,368 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $55,113,385 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$3,295,017 | ExcessRevenueOverExpensesAmt |
| Subtotal | $51,818,368 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $51,818,368 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (17 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | Cost Or Other BasisCostOrOtherBasisAmt |
|---|---|---|---|---|---|
| CAPITAL GAIN - VINTAGE V OFF | P | $44,684 | $44,684 | $44,684 | |
| CAPITAL GAIN - MEZZ PTS III INS LP | P | $178,594 | $178,594 | $178,594 | |
| CAPITAL GAIN - VINTAGE VIII OFF | P | $53,969 | $53,969 | $53,969 | |
| CAPITAL GAIN - GS VINTAGE VII OFF | P | $139,998 | $139,998 | $139,998 | |
| CAPITAL GAIN - KKR ASIAN | P | $58,928 | $58,928 | $58,928 | |
| CAPITAL GAIN - HPS INSTITUTIONAL MEZZANINE PTR | P | $915,931 | $915,931 | $915,931 | |
| 1231 GAINS HPS OCOEE SPEC LOAN FD | P | $36 | $36 | $36 | |
| CAPITAL LOSS - EQUITY ALLIANCE, LLC | P | -$237 | -$237 | $237 | |
| CAPITAL LOSS - EQUITY ALLIANCE FUND I, LP | P | -$97 | -$97 | $97 | |
| CAPITAL LOSS - HPS OCOEE SPEC LOAN FD | P | -$202 | -$202 | $202 | |
| CAPITAL GAINS - CRESTVIEW PARTNERS II L.P | P | $202,036 | $202,036 | $202,036 | |
| CAPITAL LOSS - CRESTVIEW PARTNERS III(TE)L.P | P | -$45,997 | -$45,997 | $45,997 | |
| CAPITAL LOSS - WEST ST STRAGIC SOL OFF FD I LP | P | -$657 | -$657 | $657 | |
| CAPITAL GAINS - HPS OFF MEZZ PTS 2019, L.P | P | $86,844 | $86,844 | $86,844 | |
| PUBLICLY TRADED SECURITIES | $298,950 | $254,922 | $254,922 | $44,028 | |
| LOSS ON DISP. OF GS CAPITAL V,LP | P | -$868,029 | -$868,029 | $868,029 | |
| GAIN ON PARTIAL REDEMPTION OF KINGWAY FUND | P | $227,233 | $101,457 | $101,457 | $125,776 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $1,122,180 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $37,712 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $37,712 | SubtotalAmt |
| Tax Based On Investment Income | $37,712 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $67,140 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $67,140 | TotalPaymentsAndCreditsAmt |
| Overpayment | $29,428 | OverpaymentAmt |
| Applied To ES Tax | $29,428 | 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 | Yes (true) | 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 | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | NONE | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERNST & YOUNG US LLP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2127733000 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE MANHATTAN WEST | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100018604 | 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 |
| 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 |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|---|
| KATHLEEN G KAPNICK | |||||||||
| PO BOX 73 | BOWLING GREEN STATION | NEW YORK | NY | 102740073 | TRUSTEE | 1.0 | $0 | $0 | $0 |
| SCOTT B KAPNICK | |||||||||
| PO BOX 73 | BOWLING GREEN STATION | NEW YORK | NY | 102740073 | TREASURER | 1.0 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE | Description1Txt |
| Description2 | NONE | Description2Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $11,328,720 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $48,358,657 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $59,687,377 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $59,687,377 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $895,311 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $58,792,066 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,939,603 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $2,939,603 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $37,712 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $19,048 | IncomeTaxAmt |
| Total Tax | $56,760 | TotalTaxAmt |
| Distributable Before Adj | $2,882,843 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $2,882,843 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $2,882,843 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $6,064,517 | 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 | $6,064,517 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $2,882,843 | 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 | $397,054 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $4,968,263 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $5,069,000 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $3,346,659 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $4,200,249 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $17,981,225 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $6,064,517 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Current Year | $2,882,843 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $3,181,674 | RemainingDistriFromCorpusAmt |
| Total Corpus | $21,162,899 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $397,054 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $20,765,845 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $4,968,263 | ExcessFromYear4Amt |
| Excess From Year3 | $5,069,000 | ExcessFromYear3Amt |
| Excess From Year2 | $3,346,659 | ExcessFromYear2Amt |
| Excess From Year1 | $4,200,249 | ExcessFromYear1Amt |
| Excess From Current Year | $3,181,674 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | SCOTT B KAPNICK | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEE STATEMENT ATTACHED | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | SEE STATEMENT ATTACHED | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10274 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | NONE | RecipientRelationshipTxt |
| Recipient Foundation Status | PC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | GENERAL PURPOSE | GrantOrContributionPurposeTxt |
| Amt | $6,050,000 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $6,050,000 | 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 | $116,326 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $550,394 | 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) |
|---|---|---|
| Business | 901101 | BusinessCd |
| Unrelated Business Taxbl Incm | $9,133 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $1,122,180 | 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 (3 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt |
|---|---|---|---|---|
| PASSTHROUGH INCOME | 01 | $617,854 | ||
| PASSTHROUGH INCOME - UBTI | 901101 | $144,181 | ||
| PFIC - DIVIDEND DISTRIBUTION | 01 | $332,871 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $153,314 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $2,739,625 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $2,892,939 | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $29,000 | Amt |
| Net Investment Income | $14,500 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $14,500 | DisbursementsCharitablePrpsAmt |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NONE | Desc |
Depreciation Schedule DepreciationSchedule
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (46 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| GS VINTAGE FUND V, LP | $1,152,907 | $214,732 |
| GS VINTAGE FUND VIII OFFSHORE | $1,025,747 | $1,893,609 |
| GS MEZZANINE PARTNERS 2006 LP | $1,862,823 | $22,300 |
| CRESTVIEW PARTNERS II LP | $609,382 | $2,391,122 |
| CRESTVIEW PTRS III (TE) LP | $604,173 | $1,041,276 |
| GS CAPITAL PARTNERS V, LP | $0 | $0 |
| SOROBAN OPP CAYMAN FUND III | $7,331,975 | $9,785,026 |
| HIGHBRIDGE IRISH SPECIALTY | ||
| - LOAN FUND III | $1,928,162 | $62,763 |
| GS VINTAGE FUND VII | ||
| - OFFSHORE HOLDINGS | $928,374 | $1,791,892 |
| THE KINGSWAY FUND FRONTIER | $1,467,667 | $2,013,032 |
| PETERSHILL II OFFSHORE LP . | $2,115,978 | $2,476,515 |
| PROVIDENCE DEBT FUND III | $242,272 | $326,876 |
| WATFORD HOLDINGS FED FUNDS | $43,671 | $635,599 |
| CREDIT VALUE OFFSHORE FD 2016 | $756,137 | $0 |
| AQUAHYDRATE | $640,000 | $640,000 |
| OFFSHORE MEZZANINE PARTN III | ||
| - INSTITUTIONAL, LP | $6,066,944 | $6,506,232 |
| SPECIALTY LOAN INSTITUTIONAL | ||
| - FUND 2016-L, LP | $793,474 | $721,113 |
| HPS LOAN MANAGEMENT 9-2016,LTD | $464,111 | $300,000 |
| VINTAGE VII AIV OFFSHORE SCSP | $124,665 | $111,454 |
| CRESTVIEW PARTNERS III (DE) LP | $92,667 | $0 |
| REAL ESTATE CREDIT SOLUTIONS | ||
| - OFFSHORE FUND II | $110,506 | $67,751 |
| STRATA CLO I LTD | $874,971 | $1,024,587 |
| KKR ASIAN FD III PVT IN O/S LP | $726,070 | $1,119,761 |
| STARWOOD SOF XI PVT IN O/S LP | $658,758 | $894,357 |
| SVSS IV PVT IN O/S LP | $544,426 | $963,853 |
| SVSS V PVT IN O/S LP | $403,347 | $432,964 |
| ARES PCS II PRIVATE INVESTORS | $603,836 | $592,317 |
| MILLENNIUM PVT INVST OFFSHORE | $772,388 | $792,558 |
| CREDIT VALUE OFFSHORE FUND V | $4,117 | $0 |
| OPPORT OFFSHORE FUND II, LP | $1,191,220 | $984,248 |
| HPS OFF MEZZNE PTNRS 2019, LP | $4,871,940 | $5,517,382 |
| WEST STREET STRAGIC SOLUTIONS | ||
| OFFSHORE FUND I LP | $1,091,087 | $1,100,527 |
| HPS OCOEE SPEC LOAN FUND | $313,549 | $302,639 |
| CRESTVIEW PARTNERS IV(TE) L.P | $1,268,566 | $1,813,834 |
| THE EQUITY ALLIANCE FUND I, LP | $253,084 | $584,236 |
| THE EQUITY ALLIANCE, LLC | $448,716 | $448,716 |
| GS ACCT 1572 (EURO) | $372 | $373 |
| DUE FROM PARTNERSHIP INVEST | $0 | $0 |
| CRESTVIEW PARTNERS IV (DE) LP | $150,843 | $0 |
| HPS SPECIAL SITUATIONS OPP OFF | $1,007,927 | $1,007,927 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| OTHER EXPENSES | $5,798 | $5,798 | |
| IL FILING FEE | $15 | $15 | |
| NON DEDUCTABLE EXPENSES | $1,903 | ||
| BANK CHARGES | $2 | $2 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| PASSTHROUGH INCOME | $617,854 | $617,854 |
| PASSTHROUGH INCOME - UBTI | $144,181 | |
| PFIC - DIVIDEND DISTRIBUTION | $332,871 | $332,871 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| EXCISE TAX PAID | $95,000 | |
| FOREIGN TAXES | $6,238 | $6,238 |
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