MAGNETAR CAPITAL FOUNDATION: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- MAGNETAR CAPITAL FOUNDATION (EIN 46-0807550)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-11-15
- IRS object ID
- 202333199349108088
- 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
- Expenditure Responsibility Stmt
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-11-15T17:42:34+00:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 346565596 | PreparerFirmEIN |
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 | 155 N WACKER DRIVE | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60606 | 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 | 460807550 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Magnetar Capital Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MAGN | BusinessNameControlTxt |
| Phone | 8479054400 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1603 Orrington Avenue | AddressLine1Txt |
| City | Evanston | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 602015018 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Barbara Bernstein | PersonNm |
| Person Title | SECRETARY | PersonTitleTxt |
| Phone | 8479054400 | PhoneNum |
| Signature | 2023-11-16 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | BARBARA | PersonFirstNm |
| Person Last | BERNSTEIN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Katherine Kurtzman | PreparerPersonNm |
| PTIN | P01236691 | PTIN |
| Phone | 3128792000 | PhoneNum |
| Preparation | 2023-11-14 | PreparationDt |
| 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 | $43,605 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $1,256,226 | ContriRcvdRevAndExpnssAmt |
| Net Gain Sale Ast Rev And Expnss | $0 | NetGainSaleAstRevAndExpnssAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Gross Sales Less Ret And Allwnc | $0 | GrossSalesLessRetAndAllwncAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
| Gross Profit Rev And Expnss | $0 | GrossProfitRevAndExpnssAmt |
| Other Income Rev And Expnss | $31,173 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $31,173 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $0 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $1,287,399 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $31,173 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Legal Fees Rev And Expnss | $5,162 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $6,790 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $15,150 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $19,859 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $220,571 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $0 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $223,804 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $500 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $0 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $0 | DeprecAndDpltnAdjNetIncmAmt |
| Other Expenses Rev And Expnss | $4,904 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $4,904 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $246,287 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $255,357 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $401,780 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,400,428 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $648,067 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,655,785 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $639,332 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $31,173 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $402,810 | CashBOYAmt |
| Cash EOY | $34,845 | CashEOYAmt |
| Cash EOYFMV | $34,845 | CashEOYFMVAmt |
| Acct Rcvbl | $8,760 | AcctRcvblAmt |
| Acct Rcvbl BOY | $9,259 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $8,760 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $8,760 | AcctRcvblEOYFMVAmt |
| Pledges Rcvbl EOY | $0 | PledgesRcvblEOYAmt |
| Pledges Rcvbl EOYFMV | $0 | PledgesRcvblEOYFMVAmt |
| Rcvbl From Officers BOY | $0 | RcvblFromOfficersBOYAmt |
| Rcvbl From Officers EOY | $0 | RcvblFromOfficersEOYAmt |
| Rcvbl From Officers EOYFMV | $0 | RcvblFromOfficersEOYFMVAmt |
| Other Nts And Loans Rcvbl | $0 | OtherNtsAndLoansRcvblAmt |
| Other Rcvbl Allwnc Dbtfl Acct | $0 | OtherRcvblAllwncDbtflAcctAmt |
| Other Nts And Loans Rcvbl BOY | $0 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $0 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $0 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $13,995 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $0 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $0 | PrepaidExpensesEOYFMVAmt |
| US Government Obligations BOY | $0 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $0 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $0 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $0 | CorporateStockBOYAmt |
| Corporate Stock EOY | $0 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $0 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $0 | CorporateBondsBOYAmt |
| Corporate Bonds EOYFMV | $0 | CorporateBondsEOYFMVAmt |
| Invst Land Cost Or Other Basis | $0 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $0 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments BOY | $0 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOYFMV | $0 | LandBldgInvestmentsEOYFMVAmt |
| Other Investments BOY | $0 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $0 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $0 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $0 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $0 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $0 | LandBOYAmt |
| Land EOYFMV | $0 | LandEOYFMVAmt |
| Other Assets BOY | $0 | OtherAssetsBOYAmt |
| Other Assets EOY | $0 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $0 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $426,064 | TotalAssetsBOYAmt |
| Total Assets EOY | $43,605 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $43,605 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $33,453 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $20,135 | AccountsPayableEOYAmt |
| Grants Payable BOY | $994,479 | GrantsPayableBOYAmt |
| Grants Payable EOY | $0 | GrantsPayableEOYAmt |
| Loans From Officers BOY | $0 | LoansFromOfficersBOYAmt |
| Loans From Officers EOY | $0 | LoansFromOfficersEOYAmt |
| Mortgages And Notes Payable BOY | $0 | MortgagesAndNotesPayableBOYAmt |
| Mortgages And Notes Payable EOY | $0 | MortgagesAndNotesPayableEOYAmt |
| Total Liabilities BOY | $1,027,932 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $20,135 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | -$601,868 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $23,470 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | -$601,868 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $23,470 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $426,064 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $43,605 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | -$601,868 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $639,332 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $37,464 | SubtotalAmt |
| Other Decreases | $13,994 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $23,470 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $0 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $0 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $433 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $433 | SubtotalAmt |
| Tax Based On Investment Income | $433 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $311 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $1,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $1,311 | TotalPaymentsAndCreditsAmt |
| Overpayment | $878 | OverpaymentAmt |
| Applied To ES Tax | $878 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
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 |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| 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 |
| Org Report Or Register State | NY | 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 | N/A | WebsiteAddressTxt |
| Individual With Books | JAKE KENNY | IndividualWithBooksNm |
| Phone | 8479054400 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1603 Orrington Avenue | AddressLine1Txt |
| City | Evanston | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 602015018 | 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 | Yes (true) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| 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 | Yes (true) | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | Yes (true) | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (true) | MaintainedExpenditureRspnsInd |
| 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 (6 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 |
|---|---|---|---|---|---|---|---|---|
| ALEC N LITOWITZ | ||||||||
| 1603 Orrington Avenue | Evanston | IL | 602015018 | PRESIDENT, DIRECTOR (thru 10/24/22) | 1.000 | $0 | $0 | $0 |
| BARBARA BERNSTEIN | ||||||||
| 1603 Orrington Avenue | Evanston | IL | 602015018 | SECRETARY | 1.000 | $0 | $0 | $0 |
| ROSS LASER | ||||||||
| 1603 Orrington Avenue | Evanston | IL | 602015018 | DIRECTOR | 1.000 | $0 | $0 | $0 |
| DAVID SNYDERMAN | ||||||||
| 1603 Orrington Avenue | Evanston | IL | 602015018 | DIRECTOR | 1.000 | $0 | $0 | $0 |
| NAOMI GUNASEKARAN | ||||||||
| 1603 Orrington Avenue | Evanston | IL | 602015018 | TREASURER | 1.000 | $0 | $0 | $0 |
| Ernest R Rogers IV | ||||||||
| 1603 Orrington Avenue | Evanston | IL | 602015018 | Director (Beg 10/25/22) | 1.000 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Berlin Rosen LTD | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 15 MAIDEN LANE SUITE 1600 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10038 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | BRANDING AND WEBSITE | ServiceTypeTxt |
| Compensation | $150,000 | 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 | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $405,876 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $405,876 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $405,876 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $6,088 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $399,788 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $19,989 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $19,989 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $433 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $433 | TotalTaxAmt |
| Distributable Before Adj | $19,556 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $19,556 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $19,556 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,655,785 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $1,655,785 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $19,556 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Excess Distribution Cyov Yr5 | $1,671,595 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $1,623,096 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $638,267 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $1,458,486 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $1,581,714 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $6,973,158 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,655,785 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $19,556 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $1,636,229 | RemainingDistriFromCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $8,609,387 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $1,671,595 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $6,937,792 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $1,623,096 | ExcessFromYear4Amt |
| Excess From Year3 | $638,267 | ExcessFromYear3Amt |
| Excess From Year2 | $1,458,486 | ExcessFromYear2Amt |
| Excess From Year1 | $1,581,714 | ExcessFromYear1Amt |
| Excess From Current Year | $1,636,229 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (52 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line1RecipientForeignAddress/AddressLine1Txt | Address Line2RecipientForeignAddress/AddressLine2Txt | CityRecipientForeignAddress/CityNm | Province Or StateRecipientForeignAddress/ProvinceOrStateNm | CountryRecipientForeignAddress/CountryCd | Foreign PostalRecipientForeignAddress/ForeignPostalCd | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A Safe Place | |||||||||||||
| 2710 17th Street | Zion | IL | 60099 | PC | Matching Gifts - General Support | $88 | |||||||
| ASPCA | |||||||||||||
| 424 East 92nd Street | New York | NY | 10128 | PC | Matching Gifts - General Support | $200 | |||||||
| American Heart Association | |||||||||||||
| National Center 7272 Greenville Ave | Dallas | TX | 75231 | PC | Charity Donation - General Support | $500 | |||||||
| Anti-Cruelty Society | |||||||||||||
| 157 W Grand Avenue | Chicago | IL | 60654 | PC | Matching Gifts - General Support | $100 | |||||||
| Brady Center to Prevent Gun Violence | |||||||||||||
| 840 First St NE Ste 400V | Washington | DC | 20002 | PC | Donations - General Support | $5,000 | |||||||
| British Red Cross | |||||||||||||
| NC | Matching Gifts - General Support | $300 | Supporter Service INT17 | British Red Cross 44 Moorefields | London | Essex | UK | EC2Y9AL | |||||
| Catholic Charities of Broome County | |||||||||||||
| 232 Main Street | Binghamton | NY | 13905 | PC | Matching Gifts - General Support | $250 | |||||||
| Chicago Botanic Garden | |||||||||||||
| Chicago Botanic Garden 1000 Lake Co | Glencoe | IL | 60022 | PC | Matching Gifts - General Support | $25 | ok Road | ||||||
| Chicago Sky Cares | |||||||||||||
| 2301 S Lake Shore Drive | Chicago | IL | 60616 | PC | Charity Donation - General Support | $20,000 | |||||||
| Chicago Symphony Orchestra | |||||||||||||
| 220 S Michigan Avenue | Chicago | IL | 60604 | PC | Matching Gifts - General Support | $100 | |||||||
| Coalition For The Homeless Inc | |||||||||||||
| Coalition for The Homeless Inc 129 | New York | NY | 10038 | PC | Matching Gifts - General Support | $100 | Fulton Street | ||||||
| Colorado Search and Rescue Association Inc | |||||||||||||
| 1312 17th Street 558 | Denver | CO | 80202 | PC | Matching Gifts - General Support | $500 | |||||||
| Connections For the Homeless | |||||||||||||
| 2010 Dewey Avenue | Evanston | IL | 60201 | PC | Matching Gifts - General Support | $500 | |||||||
| Evanston Chamber of Commerce | |||||||||||||
| 1007 Church Street | Evanston | IL | 60201 | NC | Charity Donation - General Support | $3,000 | |||||||
| Evanston Scholars | |||||||||||||
| 1234 Sherman Avenue Suite 213 | Evanston | IL | 60202 | PC | Charity Donation - General Support | $2,500 | |||||||
| Financial Literacy and Education Foundation Inc | |||||||||||||
| c/o Litowitz Family Office 1001 Gre | Winnetka | IL | 60093 | NC | General Support | $330,921 | en Bay Road 317 | ||||||
| Freedom Service Dogs | |||||||||||||
| 7193 S Dilllon Court | Englewood | CO | 80112 | PC | Matching Gifts - General Support | $500 | |||||||
| Global Giving | |||||||||||||
| 1 Thomas Circle NW Suite 800 | Washington | DC | 20005 | PC | Matching Gifts - General Support | $530 | |||||||
| Greater Chicago Food Depository | |||||||||||||
| 4100 W Anne Lurie Place Harold C Ho | Chicago | IL | 60632 | PC | Matching Gifts - General Support | $1,300 | than | ||||||
| Harding Academy | |||||||||||||
| 170 Windsor Dr | Nashville | TN | 37205 | PC | Matching Gifts - General Support | $500 | |||||||
| Hudson County Court Appointed Special Advocates | |||||||||||||
| 442 Hoboken Ave | Jersey City | NJ | 073062616 | PC | Matching Gifts - General Support | $300 | |||||||
| Humane Society of Westchester at New Rochelle | |||||||||||||
| 70 Portman Rd | New Rochelle | NY | 10801 | PC | Matching Gifts - General Support | $500 | |||||||
| International Committee of the Red Cross | |||||||||||||
| PC | Matching Gifts - General Support | $500 | Avenue de la Paix 19 | Geneva | SZ | 1202 | |||||||
| International Rescue Committee | |||||||||||||
| 122 East 42nd Street | New York | NY | 10168 | PC | Matching Gifts - General Support | $500 | |||||||
| International Rhino Foundation | |||||||||||||
| 201 Main St Ste 2600 | Fort Worth | TX | 761023134 | PC | Matching Gifts - General Support | $500 | |||||||
| JEWUNI Jewish United Fund | |||||||||||||
| Jewish United Fund 30 S Wells Stree | Chicago | IL | 60606 | PC | Matching Gifts - General Support | $36 | t | ||||||
| K9 For Warriors | |||||||||||||
| 114 Camp K9 Road | Ponte Vedra | FL | 32081 | PC | Matching Gifts - General Support | $100 | |||||||
| KEEN Chicago | |||||||||||||
| 211 S Clark Street | Chicago | IL | 60690 | PC | Matching Gifts - General Support | $100 | |||||||
| Kids Above All | |||||||||||||
| 8765 W Higgins Rd Ste 450 | Chicago | IL | 60631 | PC | Matching Gifts - General Support | $500 | |||||||
| Lambda Legal | |||||||||||||
| 20 Wall Street 29th Floor | New York | NY | 10005 | PC | Matching Gifts - General Support | $250 | |||||||
| Lucky Farm Animal Rescue | |||||||||||||
| 95 Old Highway 31 E | Bethpage | TN | 37022 | PC | Matching Gifts - General Support | $50 | |||||||
| Marine Toys for Tots Foundation | |||||||||||||
| The Cooper Center 18251 Quantico Ga | Triangle | VA | 221721776 | PC | Matching Gifts - General Support | $250 | teway Drive | ||||||
| The Michael J Fox Foundation for Parkinsons Research | |||||||||||||
| Grand Central Station PO Box 4777 | New York | NY | 101634777 | PC | Matching Gifts - General Support | $37 | |||||||
| Northwestern University | |||||||||||||
| 633 Clark Street | Evanston | IL | 60208 | PC | Matching Gifts - General Support | $1,000 | |||||||
| Nova Ukraine | |||||||||||||
| 963 Mears Ct | Stanford | CA | 94305 | PC | Matching Gifts - General Support | $150 | |||||||
| Parents Club of Boy Scout Troup 497 Inc | |||||||||||||
| 11 Huntress Court | Timonium | MD | 21093 | PC | Matching Gifts - General Support | $500 | |||||||
| Parents of PS334 | |||||||||||||
| 100 W 77th Street | New York | NY | 10024 | PC | Matching Gifts - General Support | $500 | |||||||
| Paws - Chicago | |||||||||||||
| 1997 N Clybourn Ave | Chicago | IL | 60614 | PC | Charity Donation - General Support | $1,150 | |||||||
| Project Sunshine Inc | |||||||||||||
| 211 E 43rd Street Suite 401 | New York | NY | 10014 | PC | Charity Donation - General Support | $15,000 | |||||||
| Save the Children | |||||||||||||
| 501 Kings Highway East Suite 500 | Fairfield | CT | 06825 | PC | Matching Gifts - General Support | $1,100 | |||||||
| St Jude Children's Hospital | |||||||||||||
| 220 East 42nd Street | New York | NY | 10005 | PC | Charity Donation - General Support | $1,330 | |||||||
| Success Academy - Launch Fund | |||||||||||||
| 95 Pine Street Floor 6 | New York | NY | 10005 | PC | Donations - General Support | $1,000 | |||||||
| The Association Frontotemporal Degeneration | |||||||||||||
| 2700 Horizon Drive Suite 120 | King of Prussia | PA | 19406 | PC | Charity Donation - General Support | $2,000 | |||||||
| The National Federation of the Blind | |||||||||||||
| 200 East Wells Street at Jernigan P | Baltimore | MD | 21230 | PC | Charity Donation - General Support | $500 | lace | ||||||
| The Trevor Project | |||||||||||||
| 8950 W Olympic Blvd 197 | Beverly Hills | CA | 90211 | PC | Matching Gifts - General Support | $500 | |||||||
| United States Association for UNHCR | |||||||||||||
| 1310 L Street NW Suite 450 | Washington | DC | 20005 | PC | Matching Gifts - General Support | $150 | |||||||
| United States Fund for Unicef | |||||||||||||
| 125 Maiden Lane 10th Floor | New York | NY | 10038 | PC | Matching Gifts - General Support | $758 | |||||||
| University of Chicago | |||||||||||||
| 5801 S Ellis Avenue | Chicago | IL | 60637 | PC | Matching Gifts - General Support | $200 | |||||||
| University of Chicago | |||||||||||||
| 5801 S Ellis Avenue | Chicago | IL | 60637 | PC | COLLABORATION GRANTS - UNIVERSITY OF CHICAGO | $1,000,000 | |||||||
| Urban Initiatives Inc | |||||||||||||
| 650 West Lake Street | Chicago | IL | 60661 | PC | Donations - General Support | $1,000 | |||||||
| World Central Kitchen | |||||||||||||
| 200 Massachusetts Avenue NW 7th Flo | Washington | DC | 20001 | PC | Matching Gifts - General Support | $1,353 | or | ||||||
| Youth & Opportunity United Inc | |||||||||||||
| 1911 Church Street | Evanston | IL | 60093 | PC | Charity Donation - General Support | $5,000 | |||||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,403,728 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Royalty Income | Desc |
| Exclusion | 1 | ExclusionCd |
| Exclusion | $31,173 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $31,173 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $31,173 | 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 Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MAGNETAR CAPITAL LLC | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1603 Orrington Ave Ste 1300 | AddressLine1Txt |
| City | Evanston | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60201 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $1,250,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $15,150 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $19,859 | DisbursementsCharitablePrpsAmt |
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FINANCIAL LITERACY AND EDUCATION FOUNDATION INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O Litowitz Family Office 1001 Gre | AddressLine1Txt |
| Address Line2 | en Bay Road 317 | AddressLine2Txt |
| City | Winnetka | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60093 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant | 2022-12-23 | GrantDt |
| Grant | $330,921 | GrantAmt |
| Purpose Of Grant | General Support | PurposeOfGrantTxt |
| Expended By Grantee | $0 | ExpendedByGranteeAmt |
| Any Diversion By Grantee | No | AnyDiversionByGranteeTxt |
| Results Of Verification | NO REPORTS DUE IN CALENDAR YEAR 2022. TO THE FOUNDATION'S KNOWLEDGE, NO PART OF THE GRANT HAS BEEN USED FOR OTHER THAN ITS INTENDED PURPOSE. | ResultsOfVerificationTxt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $5,162 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $6,790 | DisbursementsCharitablePrpsAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | WRITE-OFF OF NON-REFUNDABLE EXPENSE | Desc |
| Amt | $13,994 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Office Expenses | $4,893 | $0 | $0 | $4,893 |
| FILING FEES | $11 | $0 | $0 | $11 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ROYALTY INCOME | Desc |
| Revenue And Expenses Per Books | $31,173 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $31,173 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| CONSULTING FEES | $70,263 | $0 | $0 | $70,263 |
| Public Relations Fees | $150,308 | $0 | $0 | $153,541 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FEDERAL EXCISE TAX | CategoryTxt |
| Amt | $500 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Comments