2022-09-20T04:31:09-05:00 2020-12-31 New York-Hurricane Ida Foundation Source One Hollow Ln Ste 212 Lake Success NY 11042 990PF 2020-01-01 832778884 Benz Family Foundation % Foundation Source BENZ 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 William Benz president 8008391754 2022-09-19 true William Benz 999009999 Jeffrey D Haskell P01345770 8008391754 2020 2022-09-23 18:48:47Z X 1150141 X 0 X 319 319 0 82500 82500 82819 82819 0 339 10735 25 10710 11074 25 10710 8724 8724 19798 25 19434 63021 82794 87120 150141 150141 1000000 1000000 1000000 1000000 1087120 1150141 1150141 0 0 X 1087120 1150141 1087120 1150141 1087120 1150141 1087120 63021 1150141 1150141 1151 1151 1151 7697 0 7697 X 6546 1200 5346 false false false false false false false true true DE true false false false true true Foundation Source 8008391754 501 Silverside Road Suite 123 Wilmington DE 198091377 false false false false false false false false false false false false false false false false false false false false false William R Benz II Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Pres, Sec, Treas 1.0 0 0 0 0 124075 1000000 1124075 0 1124075 16861 1107214 55361 55361 1151 1151 54210 54210 54210 19434 0 0 0 0 19434 0 19434 54210 19434 2018 2017 2016 19434 19434 0 0 54210 0 0 William R Benz II X SCHWAB CHARITABLE FUND 211 MAIN ST SAN FRANCISCO CA 94105 N/A PC Benz Family Charitable Fund 8724 8724 14 319 INTEREST INCOME FROM NOTE RECEIVABLE 14 82500 82819 82819 false false false false false false false false false false Administrative Fees 10685 10685 Bank Charges 25 25 State or Local Filing Fees 25 25 INTEREST INCOME FROM NOTE RECEIVABLE 82500 82500 BUCHANAN MORTGAGE HOLDINGS LLC 1000000 1000000 2019-05 2023-05 PRINCIPAL UPON MATURITY, INTEREST MONTHLY 8.25 NONE INVESTMENT NONE 0 Benz Family Foundation (EIN: 83-2778884) respectfully requests abatement of any penalties for late filing of Form 990-PF for taxable year ending December 31, 2020 because the delay was inadvertent, unintended, and due to reasonable causes. Treasury Regulations Section 301.6651-1(c)(1) defines reasonable cause by asking whether the taxpayer exercised ordinary business care and prudence. The Foundation exercised care and prudence in seeking a reputable firm knowledgeable about exempt organizations to prepare its Form 990-PF for tax period ending 12/31/2020. The Foundation's 2020 Form 990-PF was timely filed on April 30, 2021. The return was originally mailed to the IRS, but was returned along with a notice instructing the Foundation to submit the return electronically. The Foundation's administrator advised the Foundation to submit the return for paper filing initially because at the time the return was filed, the foundation's exempt application was still pending and the IRS does not have the capability to accept e-filed returns for exempt organizations where tax exempt status is still pending. The foundation has since received their federal tax exempt status, and the foundation's administrator is now submitting the return via e-file, and the delay in filing Form 990-PF for the taxable year ending 2020 is no fault or willful neglect of the foundation. According to the standards set forth in Rev. Proc. 92-85, we believe the Foundation's actions were reasonable and in good faith. These administrative actions were in no way an intentional disregard of the IRS rules and therefore entitled to abatement of any penalty. The organization acted in good faith in complying with the filing deadline and in rectifying the situation as soon as it was known. Therefore, we again request that no penalty be assessed for late filing. 990-PF Extension for 2019 339