BETA

THE DOUG AND BETSEY SCHWAB AND FAMILY FOUNDATION INC: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
THE DOUG AND BETSEY SCHWAB AND FAMILY FOUNDATION INC (EIN 20-0856943)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-06-05
IRS object ID
202501569349101250
Schema version
2024v5.1
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)
Return2025-06-05T14:32:17-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13333 New Hyde Park Rd Ste 406AddressLine1Txt
CityNew Hyde ParkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11042ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN200856943EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Doug and Betsey Schwab and FamilyBusinessNameLine1Txt
Business Name Line2Foundation IncBusinessNameLine2Txt
FieldValueIRS element (for citing)
In Care Of% Foundation SourceInCareOfNm
Business Name ControlDOUGBusinessNameControlTxt
Phone8008391754PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Foundation Source 501 Silverside RdAddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
Personelizabeth hurwitz-schwabPersonNm
Person TitlepresidentPersonTitleTxt
Phone8008391754PhoneNum
Signature2025-05-27SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJeffrey D HaskellPreparerPersonNm
PTINP01345770PTIN
Phone8008391754PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$281,596FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$251,476ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$135InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$135InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$9,141DividendsRevAndExpnssAmt
Dividends Net Invst Incm$9,141DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$4,529NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$411,325GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$56,520CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$755OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$256,978TotalRevAndExpnssAmt
Total Net Invst Incm$65,796TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Other Prof Fees Rev And Expnss$2,651OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$2,651OtherProfFeesNetInvstIncmAmt
Other Expenses Rev And Expnss$6,606OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$6,606OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$9,257TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$2,651TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$6,606TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$389,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$389,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$398,257TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$2,651TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$395,606TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$141,279ExcessRevenueOverExpensesAmt
Net Investment Income$63,145NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$4,937SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$20,996SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$20,996SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$384,996CorporateStockBOYAmt
Corporate Stock EOY$228,658CorporateStockEOYAmt
Corporate Stock EOYFMV$260,600CorporateStockEOYFMVAmt
Total Assets BOY$389,933TotalAssetsBOYAmt
Total Assets EOY$249,654TotalAssetsEOYAmt
Total Assets EOYFMV$281,596TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$389,933RetainedEarningBOYAmt
Retained Earning EOY$249,654RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$389,933TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$249,654TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$389,933TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$249,654TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$389,933TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$141,279ExcessRevenueOverExpensesAmt
Other Increases$1,000OtherIncreasesAmt
Subtotal$249,654SubtotalAmt
Tot Net Ast Or Fund Balances EOY$249,654TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPublicly-traded SecuritiesPropertyDesc
Gross Sales Price$411,325GrossSalesPriceAmt
Cost Or Other Basis$354,805CostOrOtherBasisAmt
Gain Or Loss$56,520GainOrLossAmt
Gains Minus Excess Or Losses$56,520GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$56,520CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$878InvestmentIncomeExciseTaxAmt
Subtotal$878SubtotalAmt
Tax Based On Investment Income$878TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$200EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$700ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$900TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$0EsPenaltyAmt
Overpayment$22OverpaymentAmt
Applied To ES Tax$22AppliedToESTaxAmt

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 EtcYes (true)OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateDEOrgReportOrRegisterStateCd
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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8008391754PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1501 Silverside Road Suite 123AddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd
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
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
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/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Elizabeth J Hurwitz-Schwab
Foundation Source 501 Silverside RdWilmingtonDE198091377Pres, Dir, Sec1.0$0$0$0
Abraham Schwab
Foundation Source 501 Silverside RdWilmingtonDE198091377VP1.0$0$0$0
Douglas Schwab
Foundation Source 501 Silverside RdWilmingtonDE198091377Dir, VP1.0$0$0$0
Eli Schwab
Foundation Source 501 Silverside RdWilmingtonDE198091377VP1.0$0$0$0
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$251,913AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$22,341AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$274,254TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$274,254AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$4,114CashDeemedCharitableAmt
Net Vl Noncharitable Assets$270,140NetVlNoncharitableAssetsAmt
Minimum Investment Return$13,507MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$13,507MinimumInvestmentReturnAmt
Tax Based On Investment Income$878TaxBasedOnInvestmentIncomeAmt
Total Tax$878TotalTaxAmt
Distributable Before Adj$12,629DistributableBeforeAdjAmt
Recoveries Qualfied Distri$1,000RecoveriesQualfiedDistriAmt
Distributable Before Ded$13,629DistributableBeforeDedAmt
Distributable As Adjusted$13,629DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$395,606ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$395,606QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$13,629DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$112,121ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$95,079ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$47,886ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$174,882ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$259,970ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$689,938TotalExcessDistributionCyovAmt
Qualifying Distributions$395,606QualifyingDistributionsAmt
Applied To Current Year$13,629AppliedToCurrentYearAmt
Remaining Distri From Corpus$381,977RemainingDistriFromCorpusAmt
Total Corpus$1,071,915TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$112,121ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$959,794ExcessDistriCyovToNextYrAmt
Excess From Year4$95,079ExcessFromYear4Amt
Excess From Year3$47,886ExcessFromYear3Amt
Excess From Year2$174,882ExcessFromYear2Amt
Excess From Year1$259,970ExcessFromYear1Amt
Excess From Current Year$381,977ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerDouglas SchwabContributingManagerNm
Contributing ManagerElizabeth J Hurwitz-SchwabContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (20 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
ALLEGANY COMMUNITY COLLEGE FOUNDATION INC
12401 WILLOW BROOK RD SECUMBERLANDMD21502N/APCSummer Girls Who Code program$1,000
ANCONA SCHOOL SOCIETY
4770 S DORCHESTER AVECHICAGOIL60615N/APCGeneral & Unrestricted$15,000
BOY SCOUTS OF AMERICA
1275 BEDFORD AVEPITTSBURGHPA15219N/APCGeneral & Unrestricted$10,000
CHICAGO ABORTION FUND
333 W N AVE STE 267CHICAGOIL60610N/APCGeneral & Unrestricted$20,000
CHICAGO TORTURE JUSTICE CENTER
6337 S WOODLAWN AVECHICAGOIL60637N/APCGeneral & Unrestricted$10,000
COUNTY UNITED WAY INC
115 S CENTRE ST STE 203CUMBERLANDMD21502N/APCGeneral & Unrestricted$13,500
ECOSYSTEMS OF CARE
6400 S KIMBARK AVECHICAGOIL60637N/APCGeneral & Unrestricted$50,000
EVERGREEN HERITAGE CENTER FOUNDATION INC
101 BRADDOCK HTSFROSTBURGMD21532N/APCElementary Edibles Program$5,000
FAMILY CRISIS RESOURCE CENTER INC
146 BEDFORD STCUMBERLANDMD21502N/APCGeneral & Unrestricted$10,000
FROSTBURG STATE UNIVERSITY FOUNDATION
101 BRADDOCK RDFROSTBURGMD21532N/APCCharitable Event$5,000
INVISIBLE INSTITUTE
6100 S BLACKSTONE AVECHICAGOIL60637N/APCGeneral & Unrestricted$10,000
JANES PLACE INC
PO BOX 77PINTOMD21556N/APCGeneral & Unrestricted$10,000
JEWISH MUSEUM
1109 5TH AVENEW YORKNY10128N/APCJudaica Acquisitions Committee fund$7,500
NATIONAL BOY SCOUTS OF AMERICA FOUNDATION
1325 W WALNUT HILL LNIRVINGTX75038N/APCfunds for two displays at the National Scout Museum for the Scouting for Special Needs Exhibit and the National Jamboree Exhibit$20,000
PEOPLE FOR THE AMERICAN WAY FOUNDATION
1101 15TH ST NW STE 600WASHINGTONDC20005N/APCGeneral & Unrestricted$1,000
PHILADELPHIA UNIVERSITY
4201 HENRY AVEPHILADELPHIAPA19144N/APCDoug and Betsey Schwab Textiles' New Generation Fund$30,000
REFORM FOR ILLINOIS
1918 ORRINGTON AVEEVANSTONIL60201N/APCGeneral & Unrestricted$1,000
UNION FOR REFORM JUDAISM
633 THIRD AVE - 7TH FLOORNEW YORKNY10017N/APCWRJ Social Justice Initiative fund$60,000
UNIVERSITY OF MARYLAND FOUNDATION INC
3300 METZEROTT RDADELPHIMD20783N/APCUMCES Appalachian Laboratory fund$100,000
WAMBA CHARITIES INC
PO BOX 432CUMBERLANDMD21501N/APCCharitable Event$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$389,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$135ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$9,141ExclusionAmt
FieldValueIRS element (for citing)
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment IncomeOtherInvestmentIncomeGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$4,529ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescFederal Tax RefundDesc
Exclusion01ExclusionCd
Exclusion$755ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$5,502ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$5,502TotalIncomeProducingActyAmt

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 PersonSchwab DouglasContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1835 MacDonald TerraceAddressLine1Txt
CityCumberlandCityNm
State AbbreviationMDStateAbbreviationCd
ZIP21502ZIPCd
FieldValueIRS element (for citing)
Total Contributions$251,476TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)

ContributorContributorNumNoncash PropertyNoncashPropertyDescFair Market ValueFairMarketValueAmtReceivedReceivedDt
1APPLE INC AAPL, 460 sh.$102,3712024-11-05
1APPLE INC AAPL, 670 sh.$149,1052024-11-05

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (3 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
APPLE INC$186,937$210,352
MORGAN STANLEY INST GLOBAL OPP$16,744$25,642
MORGAN STANLEY INSTITUTIONAL F$24,977$24,606

Liquidation Explanation Stmt LiquidationExplanationStmt

FieldValueIRS element (for citing)
ExplanationAs explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2024, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $389,000. This amount represents 25% or more of the Foundation's net assets of $365,667 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2024. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein.ExplanationTxt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Administrative Fees$6,581$6,581
State or Local Filing Fees$25$25

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescFederal Tax RefundDesc
Revenue And Expenses Per Books$755RevenueAndExpensesPerBooksAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescRETURNED GRANTDesc
Amt$1,000Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryInvestment Management ServicesCategoryTxt
Amt$2,651Amt
Net Investment Income$2,651NetInvestmentIncomeAmt

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