JOSEPH AND ELIZABETH WILF FOUNDATION INC: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- JOSEPH AND ELIZABETH WILF FOUNDATION INC (EIN 22-3411571)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-11-07
- IRS object ID
- 202343119349102104
- 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
- Expln Of Non Filing With AG Stmt
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Other Decreases Schedule
- Other Expenses Schedule
- Other Increases Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-11-07T14:58:30-06:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 873231666 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PKF O'CONNOR DAVIES ADVISORY LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 245 PARK AVENUE 12TH FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10167 | 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 | 223411571 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JOSEPH AND ELIZABETH WILF FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | JOSE | BusinessNameControlTxt |
| Phone | 9739248246 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 820 MORRIS TURNPIKE | AddressLine1Txt |
| City | SHORT HILLS | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07078 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ZYGMUNT WILF | PersonNm |
| Person Title | VICE PRESIDENT & TRUSTEE | PersonTitleTxt |
| Phone | 9739248246 | PhoneNum |
| Signature | 2023-11-07 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | ZYGMUNT | PersonFirstNm |
| Person Last | WILF | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JOSEPH L ALI CPA | PreparerPersonNm |
| PTIN | P02093808 | PTIN |
| Phone | 2122862600 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 0 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $33,413,345 | FMVAssetsEOYAmt |
| Method Of Accounting Other | Yes (X) | MethodOfAccountingOtherInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $5,963,648 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $130 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $130 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $698,164 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $698,164 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $2,131,834 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $4,128,048 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $2,131,834 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $8,793,776 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,830,128 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Taxes Rev And Expnss | $70,000 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $181 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $150 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $31 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $70,181 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $150 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $31 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $30,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $30,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $100,181 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $150 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $30,031 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $8,693,595 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $2,829,978 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $35,750 | CashBOYAmt |
| Cash EOY | $10,718 | CashEOYAmt |
| Cash EOYFMV | $10,718 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $1,963,287 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $5,592,038 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $5,592,038 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $0 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $2,674,863 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $2,674,863 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $8,998,650 | CorporateStockBOYAmt |
| Corporate Stock EOY | $8,188,979 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $8,188,979 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $16,860,742 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $13,701,697 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $13,701,697 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $0 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $3,245,050 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $3,245,050 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $27,858,429 | TotalAssetsBOYAmt |
| Total Assets EOY | $33,413,345 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $33,413,345 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $27,858,429 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $33,413,345 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $27,858,429 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $33,413,345 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $27,858,429 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $33,413,345 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $27,858,429 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $8,693,595 | ExcessRevenueOverExpensesAmt |
| Other Increases | $4,742,587 | OtherIncreasesAmt |
| Subtotal | $41,294,611 | SubtotalAmt |
| Other Decreases | $7,881,266 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $33,413,345 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | PUBLICLY TRADED SECURITIES | PropertyDesc |
| Gross Sales Price | $4,128,048 | GrossSalesPriceAmt |
| Cost Or Other Basis | $1,996,214 | CostOrOtherBasisAmt |
| Gain Or Loss | $2,131,834 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $2,131,834 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $2,131,834 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $39,337 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $39,337 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $39,337 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $65,796 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $65,796 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $26,459 | OverpaymentAmt |
| Applied To ES Tax | $26,459 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NJ | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | 0 | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | PKF O'CONNOR DAVIES ADVISORY LLC | IndividualWithBooksNm |
| Phone | 2122862600 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 245 PARK AVENUE 12TH FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10167 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (13 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 |
|---|---|---|---|---|---|---|---|---|
| LEONARD WILF | ||||||||
| 820 MORRIS TURNPIKE | SHORT HILLS | NJ | 07078 | PRESIDENT & TRUSTEE | 0.25 | $0 | $0 | $0 |
| ZYGMUNT WILF | ||||||||
| 820 MORRIS TURNPIKE | SHORT HILLS | NJ | 07078 | VICE PRESIDENT & TRUSTEE | 0.25 | $0 | $0 | $0 |
| MARK WILF | ||||||||
| 820 MORRIS TURNPIKE | SHORT HILLS | NJ | 07078 | SECRETARY & TRUSTEE | 0.25 | $0 | $0 | $0 |
| ELIZABETH WILF | ||||||||
| 820 MORRIS TURNPIKE | SHORT HILLS | NJ | 07078 | TRUSTEE | 0.25 | $0 | $0 | $0 |
| DANIEL WILF | ||||||||
| 820 MORRIS TURNPIKE | SHORT HILLS | NJ | 07078 | TRUSTEE | 0.25 | $0 | $0 | $0 |
| ELANA WILF TANZMAN | ||||||||
| 820 MORRIS TURNPIKE | SHORT HILLS | NJ | 07078 | TRUSTEE | 0.25 | $0 | $0 | $0 |
| HALLE WILF | ||||||||
| 820 MORRIS TURNPIKE | SHORT HILLS | NJ | 07078 | TRUSTEE | 0.25 | $0 | $0 | $0 |
| JASON WILF | ||||||||
| 820 MORRIS TURNPIKE | SHORT HILLS | NJ | 07078 | TRUSTEE | 0.25 | $0 | $0 | $0 |
| JONATHAN WILF | ||||||||
| 820 MORRIS TURNPIKE | SHORT HILLS | NJ | 07078 | TRUSTEE | 0.25 | $0 | $0 | $0 |
| ORIN WILF | ||||||||
| 820 MORRIS TURNPIKE | SHORT HILLS | NJ | 07078 | TRUSTEE | 0.25 | $0 | $0 | $0 |
| RACHEL S WILF | ||||||||
| 820 MORRIS TURNPIKE | SHORT HILLS | NJ | 07078 | TRUSTEE | 0.25 | $0 | $0 | $0 |
| STEPHANIE WILF | ||||||||
| 820 MORRIS TURNPIKE | SHORT HILLS | NJ | 07078 | TRUSTEE | 0.25 | $0 | $0 | $0 |
| STEVEN WILF | ||||||||
| 820 MORRIS TURNPIKE | SHORT HILLS | NJ | 07078 | TRUSTEE | 0.25 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| 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 | $27,296,946 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $2,005,969 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $29,302,915 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $29,302,915 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $439,544 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $28,863,371 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,443,169 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,443,169 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $39,337 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $39,337 | TotalTaxAmt |
| Distributable Before Adj | $1,403,832 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $1,403,832 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $1,403,832 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $30,031 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $30,031 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,403,832 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $3,029,639 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $2,025,635 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr2 | $464,264 | ExcessDistributionCyovYr2Amt |
| Total Excess Distribution Cyov | $5,519,538 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $30,031 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $30,031 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $1,373,801 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $1,373,801 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $4,145,737 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $1,655,838 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $2,489,899 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $2,025,635 | ExcessFromYear4Amt |
| Excess From Year2 | $464,264 | ExcessFromYear2Amt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | ELIZABETH WILF | ContributingManagerNm |
| 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 | KEAN UNIVERSITY FOUNDATION INC | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 MORRIS AVENUE | AddressLine1Txt |
| City | UNION | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07083 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | N/A | RecipientRelationshipTxt |
| Recipient Foundation Status | PC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | SCHOLARSHIP SUPPORT | GrantOrContributionPurposeTxt |
| Amt | $30,000 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $30,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $130 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $698,164 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $2,131,834 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $2,830,128 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $2,830,128 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
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 | ELIZABETH WILF | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 820 MORRIS TURNPIKE | AddressLine1Txt |
| City | SHORT HILLS | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07078 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $5,963,648 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | CHEVRON CORP (CVX) 5,600.000 SHARES | NoncashPropertyDesc |
| Fair Market Value | $963,648 | FairMarketValueAmt |
| Received | 2022-12-22 | ReceivedDt |
Expln Of Non Filing With AG Stmt ExplnOfNonFilingWithAGStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | THE FOUNDATION IS NOT REQUIRED TO FILE A COPY OF THE FEDERAL FORM 990-PF WITH THE NEW JERSEY ATTORNEY GENERAL BECAUSE IT DOES NOT SOLICIT FUNDS FROM THE PUBLIC. | ExplanationTxt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (48 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| AETNA INC 3.500% DUE 11/15/24 250,000.000 QTY | $243,140 | $243,140 |
| AMAZON.COM INC 3.800% DUE 12/5/24 250,000.000 QTY | $246,098 | $246,098 |
| AMERICAN EXPRESS CO 3.625% DUE 12/5/24 250,000.000 QTY | $243,518 | $243,518 |
| ANHEUSER-BUSCH INBEV WOR 4.000% DUE 4/13/28 500,000.000 QTY | $476,810 | $476,810 |
| ANTHEM INC 4.101% DUE 3/1/28 500,000.000 QTY | $480,045 | $480,045 |
| AT&T INC 250,000.000 QTY | $238,918 | $238,918 |
| AT&T INC 3.800% DUE 2/15/27 250,000.000 QTY | $238,918 | $238,918 |
| BANK OF NY MELLON CORP 3.000% DUE 10/30/28 250,000.000 QTY | $223,255 | $223,255 |
| BANK OF NY MELLON CORP 3.250% DUE 5/16/27 250,000.000 QTY | $235,088 | $235,088 |
| BRISTOL-MYERS SQUIBB CO 3.250% DUE 2/27/27 250,000.000 QTY | $238,315 | $238,315 |
| BRISTOL-MYERS SQUIBB CO 3.450% DUE 11/15/27 250,000.000 QTY | $238,453 | $238,453 |
| CIGNA CORP 4.125% DUE 11/15/25 250,000.000 QTY | $244,425 | $244,425 |
| CITIGROUP INC 3.400% DUE 5/1/26 250,000.000 QTY | $237,205 | $237,205 |
| CITIGROUP INC 4.600% DUE 3/9/26 250,000.000 QTY | $246,040 | $246,040 |
| COCA-COLA CO/THE 2.125% DUE 9/6/29 500,000.000 QTY | $428,700 | $428,700 |
| CONSOLIDATED EDISON CO 4.000% DUE 12/1/28 250,000.000 QTY | $239,190 | $239,190 |
| GOLDMAN SACHS GROUP INC 3.750% DUE 5/22/25 250,000.000 QTY | $241,985 | $241,985 |
| GOLDMAN SACHS GROUP INC 5.950% DUE 1/15/27 250,000.000 QTY | $256,798 | $256,798 |
| HOME DEPOT INC 3.750% DUE 2/15/24 250,000.000 QTY | $247,138 | $247,138 |
| HUMANA INC 3.950% DUE 3/15/27 250,000.000 QTY | $239,995 | $239,995 |
| INTEL CORP 3.150% DUE 5/11/27 250,000.000 QTY | $235,878 | $235,878 |
| JP MORGAN CHASE & CO 3.125% DUE 1/23/25 250,000.000 QTY | $241,418 | $241,418 |
| JP MORGAN CHASE & CO 3.300% DUE 4/1/26 250,000.000 QTY | $237,230 | $237,230 |
| MCKESSON CORP 3.950% DUE 2/16/28 500,000.000 QTY | $473,060 | $473,060 |
| METLIFE INC 3.600% DUE 11/13/25 250,000.000 QTY | $243,135 | $243,135 |
| MICROSOFT CORP 3.125% DUE 11/3/25 500,000.000 QTY | $483,455 | $483,455 |
| NORTHERN TRUST CORP 3.650% DUE 8/3/28 250,000.000 QTY | $237,850 | $237,850 |
| PEPSICO INC 3.000% DUE 10/15/27 250,000.000 QTY | $234,795 | $234,795 |
| PEPSICO INC 3.600% DUE 3/1/24 250,000.000 QTY | $247,003 | $247,003 |
| PFIZER INC 3.000% DUE 12/15/26 500,000.000 QTY | $473,785 | $473,785 |
| PHILIP MORRIS INTL INC 3.125% DUE 3/2/28 250,000.000 QTY | $227,260 | $227,260 |
| PHILIP MORRIS INTL INC 3.375% DUE 8/11/25 250,000.000 QTY | $240,298 | $240,298 |
| PNC BANK NA 3.250% DUE 1/22/28 250,000.000 QTY | $233,553 | $233,553 |
| PNC BANK NA 4.050% DUE 7/26/28 250,000.000 QTY | $235,580 | $235,580 |
| QUEST DIAGNOSTICS INC 3.450% DUE 6/1/26 250,000.000 QTY | $238,853 | $238,853 |
| SOUTHERN CO 3.250% DUE 7/1/26 250,000.000 QTY | $235,343 | $235,343 |
| STARBUCKS CORP 2.250% DUE 3/12/30 500,000.000 QTY | $416,125 | $416,125 |
| STATE STREET CORP 3.550% DUE 8/18/25 250,000.000 QTY | $243,230 | $243,230 |
| TARGET CORP 2.650% DUE 9/15/30 500,000.000 QTY | $430,895 | $430,895 |
| UNITEDHEALTH GROUP INC 3.100% DUE 3/15/26 250,000.000 QTY | $238,128 | $238,128 |
| UNITEDHEALTH GROUP INC 3.875% DUE 12/15/28 250,000.000 QTY | $238,895 | $238,895 |
| US BANCORP 3.150% DUE 4/27/27 500,000.000 QTY | $470,330 | $470,330 |
| VERIZON COMMUNICATIONS 3.875% DUE 2/8/29 250,000.000 QTY | $235,070 | $235,070 |
| WALMART INC 3.700% DUE 6/26/28 500,000.000 QTY | $483,985 | $483,985 |
| WALT DISNEY COMPANY/THE 3.375% DUE 11/15/26 250,000.000 QTY | $236,815 | $236,815 |
| WASTE MANAGEMENT INC 3.150% DUE 11/15/27 250,000.000 QTY | $233,598 | $233,598 |
| WELLS FARGO & COMPANY 3.000% DUE 2/19/25 250,000.000 QTY | $239,628 | $239,628 |
| WELLS FARGO & COMPANY DUE 5/22/28 250,000.000 QTY | $232,468 | $232,468 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (9 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| AVALONBAY COMMUNITY INC (AVB) 18,500.000 SHS | $2,988,120 | $2,988,120 |
| CHEVRON CORP (CVX) 8,000.000 SHS | $1,435,920 | $1,435,920 |
| DISNEY (WALT) CO COM STK (DIS) 1,100.000 SHS | $95,568 | $95,568 |
| JOHNSON AND JOHNSON COM (JNJ) 1,300.000 SHS | $229,645 | $229,645 |
| MCDONALDS CORP COM (MCD) 1,000.000 SHS | $263,530 | $263,530 |
| MICROSOFT CORP (MSFT) 5,900.000 SHS | $1,414,938 | $1,414,938 |
| REGENERON PHARMACTCLS (REGN) 2,000.000 SHS | $1,442,971 | $1,442,971 |
| VERIZON COMMUNICATIONS COM (VZ) 3,400.000 SHS | $133,960 | $133,960 |
| WALMART INC (WMT) 1,300.000 SHS | $184,327 | $184,327 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $2,674,863 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $2,674,863 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $0 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $0 | StateLocalSecEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (8 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| BANK OF AMERICA CORP 4.125% PERPETUAL 10,000.000 QTY | FMV | $167,000 | $167,000 |
| BANK OF AMERICA CORP 5.375% PERPETUAL 10,000.000 QTY | FMV | $209,400 | $209,400 |
| BLACKROCK ESG CAP (ECAT) 8.935% 25,000.000 QTY | FMV | $335,750 | $335,750 |
| FIRST REPUBLIC BANK 4.70% PERPETUAL 10,000.000 QTY | FMV | $185,500 | $185,500 |
| JP MORGAN CHASE & CO 4.625% PERPETUAL 80,000.000 QTY | FMV | $1,507,200 | $1,507,200 |
| SOUTHERN CO 4.200% PERPETUAL 20,000.000 QTY | FMV | $347,000 | $347,000 |
| US BANCORP 3.75% PERPETUAL 20,000.000 QTY | FMV | $310,000 | $310,000 |
| WELLS FARGO & CO 4.75% PERPETUAL 10,000.000 QTY | FMV | $183,200 | $183,200 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| UNREALIZED LOSS ON INVESTMENTS | $7,422,911 |
| DIFFERENCE BETWEEN FAIR VALUE & BOOK VALUE OF CONTRIBUTED SECURITIES | $458,355 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| BANK FEES | $150 | $150 | $0 |
| ADMINISTRATIVE EXPENSES | $31 | $0 | $31 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TO CORRECT OPENING NET ASSET BALANCE TO AGREE TO FAIR MARKET VALUE | Desc |
| Amt | $4,742,587 | Amt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FEDERAL EXCISE TAX | CategoryTxt |
| Amt | $70,000 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
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