BRUSH FAMILY FOUNDATION INC: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
BRUSH FAMILY FOUNDATION INC (EIN 26-4687444)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-05-16
IRS object ID
202211369349104481
Schema version
2021v4.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2022-05-16T14:35:11-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN250749630PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1REED SMITH LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11717 ARCH ST STE 3100AddressLine1Txt
CityPHILADELPHIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP191032762ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN264687444EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE BRUSH FAMILY FOUNDATION INCBusinessNameLine1Txt
Business Name Line2C/O LF GILBERTIREED SMITH LLPBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlBRUSBusinessNameControlTxt
Phone2158518155PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1599 LEXINGTON AVE 22ND FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10022ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDAVID M BRUSHPersonNm
Person TitleTRUSTEE/DIRECTORPersonTitleTxt
Phone2158518155PhoneNum
Signature2022-05-16SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDAVIDPersonFirstNm
Person LastBRUSHPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLAWRENCE GILBERTIPreparerPersonNm
PTINP01085365PTIN
Phone2158518100PhoneNum
Preparation2022-05-16PreparationDt
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,186,226FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$1,207,756ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$110DividendsRevAndExpnssAmt
Dividends Net Invst Incm$110DividendsNetInvstIncmAmt
Dividends Adj Net Incm$110DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$71,934NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$147,564GrossSalesPriceAmt
Total Rev And Expnss$1,279,800TotalRevAndExpnssAmt
Total Net Invst Incm$110TotalNetInvstIncmAmt
Total Adj Net Incm$110TotalAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$0TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$65,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$65,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$65,000TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$65,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$1,214,800ExcessRevenueOverExpensesAmt
Net Investment Income$110NetInvestmentIncomeAmt
Adjusted Net Income$110AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$27,291CashBOYAmt
Cash EOY$87,291CashEOYAmt
Cash EOYFMV$87,291CashEOYFMVAmt
Sav And Temp Cash Invst EOY$22,675SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$22,675SavAndTempCashInvstEOYFMVAmt
Corporate Stock EOY$253,162CorporateStockEOYAmt
Corporate Stock EOYFMV$260,536CorporateStockEOYFMVAmt
Other Investments EOY$804,874OtherInvestmentsEOYAmt
Other Investments EOYFMV$815,724OtherInvestmentsEOYFMVAmt
Total Assets BOY$27,291TotalAssetsBOYAmt
Total Assets EOY$1,168,002TotalAssetsEOYAmt
Total Assets EOYFMV$1,186,226TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$27,291NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$1,242,091NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$27,291TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,242,091TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$27,291TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,242,091TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$27,291TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$1,214,800ExcessRevenueOverExpensesAmt
Subtotal$1,242,091SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,242,091TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$2InvestmentIncomeExciseTaxAmt
Subtotal$2SubtotalAmt
Tax Based On Investment Income$2TaxBasedOnInvestmentIncomeAmt
Tax Due$2TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksKAREN BRUSHIndividualWithBooksNm
Phone2158518155PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1C/O REED SMITH LLPAddressLine1Txt
Address Line2599 LEXINGTON AVENUEAddressLine2Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10022ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtAddress Line2USAddress/AddressLine2TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
DAVID M BRUSH
C/O REED SMITH LLP599 LEXINGTON AVENUENEW YORKNY10022TRUSTEE/DIRE000.00$0$0$0
KAREN BRUSH
C/O REED SMITH LLP599 LEXINGTON AVENUENEW YORKNY10022TRUSTEE/DIRE000.00$0$0$0
KATHERINE BRUSH
C/O REED SMITH LLP599 LEXINGTON AVENUENEW YORKNY10022TRUSTEE/DIRE000.00$0$0$0
RYAN BRUSH
C/O REED SMITH LLP599 LEXINGTON AVENUENEW YORKNY10022TRUSTEE/DIRE000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$644,758AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$33,541AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$678,299TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$678,299AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$10,174CashDeemedCharitableAmt
Net Vl Noncharitable Assets$668,125NetVlNoncharitableAssetsAmt
Minimum Investment Return$33,406MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$33,406MinimumInvestmentReturnAmt
Tax Based On Investment Income$2TaxBasedOnInvestmentIncomeAmt
Total Tax$2TotalTaxAmt
Distributable Before Adj$33,404DistributableBeforeAdjAmt
Distributable Before Ded$33,404DistributableBeforeDedAmt
Distributable As Adjusted$33,404DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$65,000ExpensesAndContributionsAmt
Qualifying Distributions$65,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$33,404DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$5,846ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$3,546ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr2$10,157ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$3,533ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$23,082TotalExcessDistributionCyovAmt
Qualifying Distributions$65,000QualifyingDistributionsAmt
Applied To Current Year$33,404AppliedToCurrentYearAmt
Remaining Distri From Corpus$31,596RemainingDistriFromCorpusAmt
Total Corpus$54,678TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$5,846ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$48,832ExcessDistriCyovToNextYrAmt
Excess From Year4$3,546ExcessFromYear4Amt
Excess From Year2$10,157ExcessFromYear2Amt
Excess From Year1$3,533ExcessFromYear1Amt
Excess From Current Year$31,596ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
DOUBLE H RANCH FOUNDATION
97 HIDDEN VALLEY ROADLAKE LUZERNENY12846N/A501 (C) (3)PUBLIC CHARITY FOR CHILDREN$5,000
ISLAND AUTISM GROUP LLC
PO BOX 2786EDGARTOWNMA02539NA501 (C) 3WORKING WITH AUTISTIC INDIVIDUALS$50,000
UBUNTU PATHWAYS
32 BROADWAY SUITE 414NEW YORKNY10004N/A501(C)3COMMUNITY TRANSFORMATION$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$65,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Program Service Revenue Dtl ProgramServiceRevenueDtl

FieldValueIRS element (for citing)
Exclusion1ExclusionCd

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$110RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$71,934RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$72,044RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$72,044TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonDAVID BRUSHContributorPersonNm

Contributor Foreign Address ContributorForeignAddress

FieldValueIRS element (for citing)
Address Line1CALLE JORGE JUAN 40AddressLine1Txt
Address Line2APT 5DAddressLine2Txt
CityMADRIDCityNm
Province Or StateMADRIDProvinceOrStateNm
CountrySPCountryCd
Foreign PostalSPAINForeignPostalCd
FieldValueIRS element (for citing)
Total Contributions$1,207,756TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp (6 entries)

ContributorContributorNumNoncash PropertyNoncashPropertyDescFair Market ValueFairMarketValueAmtReceivedReceivedDt
1APPLE INC$75,0102021-11-02
1PAYPAL INC$45,8922021-11-02
1WALMART INC$149,7202021-11-02
1MCDONALD'S INC$132,2602021-12-15
1SPDR GOLD SHARES$265,8402021-12-15
1MERLIN PROPERTIES SOCIMI S.A.$539,0342021-12-17

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (2 entries)

AssetAssetDescAcquiredAcquiredDtHow AcquiredHowAcquiredTxtSoldSoldDtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmt
WALMART INC2021-11DONATION2021-11$75,527$37,815$37,712
WALMART INC2021-11DONATION2021-12$72,037$37,815$34,222

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (3 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
APPLE INC$75,010$88,785
PAYPAL INC$45,892$37,716
MCDONALDS$132,260$134,035

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
SPDR GOLD SHARESFMV$265,840$273,536
MERLIN PROPERTIES SOCIMI SAFMV$539,034$542,188

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