BC FAMILY FOUNDATION INC: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- BC FAMILY FOUNDATION INC (EIN 86-1184053)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-03-04
- IRS object ID
- 202220639349100802
- Schema version
- 2021v4.1
- 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
- Form 990-PF
- Expenditure Responsibility Stmt
- General Explanation Attachment
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Other Expenses Schedule
- Other Increases Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-03-04T11:40:14-06:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 271728945 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PKF O'CONNOR DAVIES LLP | 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 | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 861184053 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BC FAMILY FOUNDATION INC | BusinessNameLine1Txt |
| Business Name Line2 | C/O PKF O'CONNOR DAVIES LLP | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BCFA | BusinessNameControlTxt |
| Phone | 2122862600 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 MAMARONECK AVENUE 301 | AddressLine1Txt |
| City | HARRISON | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10528 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHAEL R CRANE | PersonNm |
| Person Title | PRESIDENT & DIRECTOR | PersonTitleTxt |
| Phone | 2122862600 | PhoneNum |
| Signature | 2022-02-28 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MICHAEL | PersonFirstNm |
| Person Last | CRANE | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | THOMAS BLANEY | PreparerPersonNm |
| PTIN | P00234022 | PTIN |
| Phone | 9143818900 | PhoneNum |
| Preparation | 2022-02-28 | PreparationDt |
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 | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Initial Return | Yes (X) | InitialReturnInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $7,525,116 | FMVAssetsEOYAmt |
| Method Of Accounting Other | Yes (X) | MethodOfAccountingOtherInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $173 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $173 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $216,584 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $216,584 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $10,477,055 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $27,532,489 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $10,477,055 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $10,693,812 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $10,693,812 | 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 |
| Other Expenses Rev And Expnss | $250 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $250 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $250 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $250 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $35,051,085 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $35,051,335 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $250 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $0 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$24,357,523 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $10,693,562 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst EOY | $4,746,152 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $4,746,152 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $0 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $810,347 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $810,347 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $0 | CorporateStockBOYAmt |
| Corporate Stock EOY | $1,968,617 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $1,968,617 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $0 | TotalAssetsBOYAmt |
| Total Assets EOY | $7,525,116 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $7,525,116 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $0 | RetainedEarningBOYAmt |
| Retained Earning EOY | $7,525,116 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $0 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $7,525,116 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $0 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $7,525,116 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $0 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$24,357,523 | ExcessRevenueOverExpensesAmt |
| Other Increases | $31,882,639 | OtherIncreasesAmt |
| Subtotal | $7,525,116 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $7,525,116 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | SALES OF PUBLICLY TRADED SECURITIES | PropertyDesc |
| How Acquired | P | HowAcquiredCd |
| Gross Sales Price | $27,532,489 | GrossSalesPriceAmt |
| Cost Or Other Basis | $17,055,434 | CostOrOtherBasisAmt |
| Gain Or Loss | $10,477,055 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $10,477,055 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $10,477,055 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $148,641 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $148,641 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $148,641 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $0 | 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 | $0 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $58 | EsPenaltyAmt |
| Tax Due | $148,699 | TaxDueAmt |
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 | DE | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | 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 | INVERNESS COUNSEL LLC | IndividualWithBooksNm |
| Phone | 2122072122 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 845 THIRD AVENUE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10022 | 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 | Yes (1) | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | 0 | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (1) | MaintainedExpenditureRspnsInd |
| 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 (5 entries)
| Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|---|
| MICHAEL R CRANE | |||||||||
| C/O THE FOUNDATION PKF OCONNOR | DAVIES LLP 500 MAMARONECK AVE | HARRISON | NY | 10543 | PRESIDENT AND DIRECTOR | 0.50 | $0 | $0 | $0 |
| MAGALEN C WEBERT | |||||||||
| C/O THE FOUNDATION PKF OCONNOR | DAVIES LLP 500 MAMARONECK AVE | HARRISON | NY | 10543 | DIRECTOR | 0.50 | $0 | $0 | $0 |
| WILLIAM C CRANE III | |||||||||
| C/O THE FOUNDATION PKF OCONNOR | DAVIES LLP 500 MAMARONECK AVE | HARRISON | NY | 10543 | DIRECTOR | 0.50 | $0 | $0 | $0 |
| KRISTIANE C GRAHAM | |||||||||
| C/O THE FOUNDATION PKF OCONNOR | DAVIES LLP 500 MAMARONECK AVE | HARRISON | NY | 10543 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| JOHN CO BRYANT | |||||||||
| C/O THE FOUNDATION PKF OCONNOR | DAVIES LLP 500 MAMARONECK AVE | HARRISON | NY | 10543 | DIRECTOR | 0.50 | $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 | $10,908,368 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,229,213 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $12,137,581 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $12,137,581 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $182,064 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $11,955,517 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $597,776 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $597,776 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $148,641 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $148,641 | TotalTaxAmt |
| Distributable Before Adj | $449,135 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $449,135 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $449,135 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $0 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $0 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $449,135 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr1 | $515,327 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $515,327 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $0 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $0 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $449,135 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $449,135 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $66,192 | 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 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $66,192 | ExcessDistriCyovToNextYrAmt |
| Excess From Year1 | $66,192 | ExcessFromYear1Amt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|
| GRAHAM FAMILY FOUNDATION | ||||||||
| PO BOX 1788 | MIDDLEBURG | VA | 201181788 | N/A | PF | CHARITABLE PURPOSES | $7,010,217 | |
| ISLAND SUNRISE FOUNDATION | ||||||||
| C/O BRANE-STROM LLC 101 NORTH JAY | MIDDLEBURG | VA | 20117 | N/A | PF | CHARITABLE PURPOSES | $7,010,217 | STREET |
| MRC FULL CIRCLE FOUNDATION | ||||||||
| C/O BRANE-STROM LLC 101 NORTH JAY | MIDDLEBURG | VA | 20117 | N/A | PF | CHARITABLE PURPOSES | $7,010,217 | STREET |
| RISING PHOENIX CHARITABLE FOUNDATION | ||||||||
| C/O BRANE-STROM LLC 101 NORTH JAY | MIDDLEBURG | VA | 20117 | N/A | PF | CHARITABLE PURPOSES | $7,010,217 | STREET |
| ALEXANDER BRADY FOUNDATION | ||||||||
| C/O BRANE-STROM LLC 101 NORTH JAY | MIDDLEBURG | VA | 20117 | N/A | PF | CHARITABLE PURPOSES | $7,010,217 | STREET |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $35,051,085 | 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 | $173 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $216,584 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $10,477,055 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $10,693,812 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $10,693,812 | 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 |
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | GrantGrantDt | GrantGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Expended By GranteeExpendedByGranteeAmt | Any Diversion By GranteeAnyDiversionByGranteeTxt | Dates Of Reports By GranteeDatesOfReportsByGranteeTxt | Address Line2USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|---|---|
| GRAHAM FAMILY FOUNDATION | ||||||||||
| PO BOX 1788 | MIDDLEBURG | VA | 201181788 | 2021-10-31 | $7,010,217 | CHARITABLE PURPOSES | $0 | NONE | FEBRUARY 28, 2022 | |
| ISLAND SUNRISE FOUNDATION | ||||||||||
| C/O BRANE-STROM LLC 101 NORTH JAY | MIDDLEBURG | VA | 20117 | 2021-10-31 | $7,010,217 | CHARITABLE PURPOSES | $267,500 | NONE | FEBRUARY 28, 2022 | STREET |
| MRC FULL CIRCLE FOUNDATION | ||||||||||
| C/O BRANE-STROM LLC 101 NORTH JAY | MIDDLEBURG | VA | 20117 | 2021-10-31 | $7,010,217 | CHARITABLE PURPOSES | $385,000 | NONE | FEBRUARY 28, 2022 | STREET |
| RISING PHOENIX CHARITABLE FOUNDATION | ||||||||||
| C/O BRANE-STROM LLC 101 NORTH JAY | MIDDLEBURG | VA | 20117 | 2021-10-31 | $7,010,217 | CHARITABLE PURPOSES | $350,000 | NONE | FEBRUARY 28, 2022 | STREET |
| ALEXANDER BRADY FOUNDATION | ||||||||||
| C/O BRANE-STROM LLC 101 NORTH JAY | MIDDLEBURG | VA | 20117 | 2021-10-31 | $7,010,217 | CHARITABLE PURPOSES | $450,000 | NONE | FEBRUARY 28, 2022 | STREET |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp (2 entries)
| IdentifierIdentifierTxt | Form And Line ReferenceFormAndLineReferenceDesc | Medium ExplanationMediumExplanationTxt |
|---|---|---|
| TRANSFERS FROM OHRSTROM FOUNDATION, INC. | FORM 990-PF, PART III | THROUGH RESOLUTIONS ADOPTED AT A MEETING ON APRIL 21, 2021 (THE "BOARD RESOLUTIONS"), THE OHRSTROM FOUNDATION, INC.'S BOARD OF DIRECTORS APPROVED THE DISSOLUTION OF THE OHRSTROM FOUNDATION, INC. AND THE TRANSFER OF ALL OF ITS ASSETS, AFTER THE PAYMENT OF LIABILITIES, IN THREE EQUAL SHARES TO THREE FOUNDATIONS, ONE OF WHICH IS BC FAMILY FOUNDATION, INC. BC FAMILY FOUNDATION, INC. IS EFFECTIVELY CONTROLLED, DIRECTLY OR INDIRECTLY, WITHIN THE MEANING OF TREAS. REG. SECTION 1.507-3(A)(9)(I), BY THE SAME PERSON OR PERSONS WHO EFFECTIVELY CONTROL THE OHRSTROM FOUNDATION, INC.BC FAMILY FOUNDATION, INC. RECEIVED A TRANSFER OF ASSETS TOTALING $694,031.13 IN CASH AND INVESTMENT ASSETS HAVING A FAIR MARKET VALUE OF APPROXIMATELY $41,267,970 AND COST BASIS OF $22,266,605. |
| EXCESS DISTRIBUTIONS | FORM 990-PF, PART XII, LINE 3E | BC FOUNDATION, INC. SUCCEEDED TO A QUALIFYING DISTRIBUTION CARRYFORWARD OF $515,327, FROM THE OHRSTROM FOUNDATION, INC., (THE "TRANSFEROR"), AS A TRANSFEREE THAT IS EFFECTIVELY CONTROLLED, DIRECTLY OR INDIRECTLY, WITHIN THE MEANING OF TREAS. REG. SECTION 1.507-3(A)(9)(I), BY THE SAME PERSON OR PERSONS WHO EFFECTIVELY CONTROL THE TRANSFEROR. AS A RESULT, BC FOUNDATION, INC. IS TREATED AS IF IT IS THE TRANSFEROR IN TERMS OF ANY EXCESS DISTRIBUTIONS. BC FOUNDATION, INC. INHERITED ONE-THIRD OF THE $1,545,983 IN EXCESS DISTRIBUTIONS GENERATED IN THE OHRSTROM FOUNDATION, INC.'S 2020 TAX YEAR (I.E., THE FISCAL YEAR ENDED MAY 31, 2021). |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (130 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 34 SHARES ABBVIE INC | $4,604 | $4,604 |
| 3 SHARES ACUITY BRANDS INC | $635 | $635 |
| 22 SHARES ADTALEM GLOBAL EDUCATION | $650 | $650 |
| 14 SHARES AMC NETWORKS INC CL | $482 | $482 |
| 5 SHARES AMEDISYS INC | $808 | $808 |
| 128 SHARES AMKOR TECHNOLOGY INC | $3,170 | $3,170 |
| 10 SHARES APPLIED INDL TECH | $1,027 | $1,027 |
| 8 SHARES ATKORE INC | $890 | $890 |
| 15 SHARES AUTODESK INC | $4,218 | $4,218 |
| 10 SHARES AVIENT CORP | $560 | $560 |
| 21 SHARES AVNET INC | $866 | $866 |
| 18 SHARES BANK OF HAWAII CORP | $1,508 | $1,508 |
| 20 SHARES BIOGEN INC | $4,798 | $4,798 |
| 90 SHARES BLOCK H & R INCORP | $2,120 | $2,120 |
| 15 SHARES BROADCOM INC | $9,981 | $9,981 |
| 43 SHARES BRUKER CORP | $3,608 | $3,608 |
| 48 SHARES BUILDERS FIRSTSOURCE | $4,114 | $4,114 |
| 28 SHARES C S G SYSTEMS INTL | $1,613 | $1,613 |
| 45 SHARES CADENCE BK | $1,341 | $1,341 |
| 53 SHARES CAREER EDUCATION CORP | $623 | $623 |
| 3533 SHARES CARLISLE CO | $876,608 | $876,608 |
| 7 SHARES CERENCE INC | $536 | $536 |
| 26 SHARES CITRIX SYSTEMS INC | $2,459 | $2,459 |
| 144 SHARES COMCAST CORP | $7,248 | $7,248 |
| 11 SHARES COMFORT SYSTEMS USA | $1,088 | $1,088 |
| 61 SHARES COMMERCIAL METALS CO | $2,214 | $2,214 |
| 14 SHARES CONCENTRIX | $2,501 | $2,501 |
| 56 SHARES CONSENSUS CLOUD SOLUTION | $3,241 | $3,241 |
| 5 SHARES DECKERS OUTDOOR CORP | $1,832 | $1,832 |
| 64 SHARES DISCOVERY INC | $1,507 | $1,507 |
| 9 SHARES DOCUSIGN INC | $1,371 | $1,371 |
| 26 SHARES DOLBY LABORATORIES | $2,476 | $2,476 |
| 4136 SHARES DOVER CORP | $751,098 | $751,098 |
| 33 SHARES EMCOR GROUP INC | $4,204 | $4,204 |
| 3 SHARES EVERCORE INC | $408 | $408 |
| 9 SHARES EVERTEC INC | $450 | $450 |
| 144 SHARES F N B CORP PA | $1,747 | $1,747 |
| 13 SHARES F T I CONSULTING INC | $1,994 | $1,994 |
| 34 SHARES FEDERATED HERMES INC | $1,278 | $1,278 |
| 3 SHARES FIRST CITIZENS BKSH | $2,490 | $2,490 |
| 6 SHARES FIRST FINL CP | $272 | $272 |
| 13 SHARES FORMFACTOR INC | $594 | $594 |
| 55 SHARES FREEPORT-MCMORAN INC | $2,295 | $2,295 |
| 60 SHARES FULTON FINL CORP PA | $1,020 | $1,020 |
| 57 SHARES GRAPHIC PACKAGING HL | $1,112 | $1,112 |
| 53 SHARES GRAY TELEVISION INC | $1,068 | $1,068 |
| 27 SHARES GUARDANT HEALTH INC | $2,701 | $2,701 |
| 13 SHARES HANOVER INSURANCE | $1,704 | $1,704 |
| 4 SHARES HELEN OF TROY LTD | $978 | $978 |
| 25 SHARES HILLTOP HOLDINGS INC | $879 | $879 |
| 6 SHARES HUB GROUP INC | $505 | $505 |
| 4 SHARES ICON PLC | $1,239 | $1,239 |
| 90 SHARES IMMUNOGEN INC | $668 | $668 |
| 4 SHARES INSIGHT ENTERPRISES | $426 | $426 |
| 16 SHARES INTEGER HLDGS CORP | $1,369 | $1,369 |
| 7 SHARES INTEGRA LIFESCIENC | $469 | $469 |
| 39 SHARES IONIS PHARMACEUTICALS IN | $1,187 | $1,187 |
| 85 SHARES JABIL INC | $5,980 | $5,980 |
| 45 SHARES JEFFERIES FINL | $1,746 | $1,746 |
| 81 SHARES JOHNSON CONTROLS INTER F | $6,586 | $6,586 |
| 9 SHARES K TWELVE INC | $300 | $300 |
| 26 SHARES KB HOME | $1,163 | $1,163 |
| 35 SHARES KEMPER CORP | $2,058 | $2,058 |
| 12 SHARES LANDSTAR SYS INC | $2,148 | $2,148 |
| 5 SHARES LIBERTY BROADBAND CO | $806 | $806 |
| 10 SHARES LIBERTY MEDIA CORP | $509 | $509 |
| 20 SHARES LIBERTY MEDIA CORP | $1,017 | $1,017 |
| 27 SHARES LOUISIANA PACIFIC CO | $2,115 | $2,115 |
| 22 SHARES LYFT INC | $940 | $940 |
| 20 SHARES L3HARRIS TECHNOLOGIES IN | $4,265 | $4,265 |
| 86 SHARES M D U RESOURCES GRP | $2,652 | $2,652 |
| 79 SHARES MANDIANT INC | $1,386 | $1,386 |
| 16 SHARES MANTECH INTL CORP | $1,167 | $1,167 |
| 13 SHARES MARINEMAX INC | $768 | $768 |
| 13 SHARES MASONITE INTL CORP | $1,533 | $1,533 |
| 24 SHARES MASTEC INC | $2,215 | $2,215 |
| 9 SHARES MEDPACE HOLDINGS INC | $1,959 | $1,959 |
| 14 SHARES MEDTRONIC PLC | $1,448 | $1,448 |
| 37 SHARES MERIDIAN BIOSCIENCE | $755 | $755 |
| 16 SHARES MERITAGE HOMES CORP | $1,953 | $1,953 |
| 10 SHARES MURPHY USA INC | $1,992 | $1,992 |
| 19 SHARES NETGEAR INC | $555 | $555 |
| 11 SHARES NEXSTAR MEDIA GROUP | $1,661 | $1,661 |
| 59 SHARES NOV INC | $799 | $799 |
| 55 SHARES NOW INC | $470 | $470 |
| 23 SHARES NUANCE COMMUN INC | $1,272 | $1,272 |
| 50 SHARES NUCOR CORP | $5,708 | $5,708 |
| 7773 SHARES OAK VIEW BANKSHARES INC | $73,377 | $73,377 |
| 6 SHARES ONE GAS INC | $466 | $466 |
| 8 SHARES OTTER TAIL CORP | $571 | $571 |
| 22 SHARES PENTAIR PLC | $1,607 | $1,607 |
| 21 SHARES PORTLAND GENERL ELEC | $1,111 | $1,111 |
| 10 SHARES PRIMERICA INC | $1,533 | $1,533 |
| 40 SHARES PRIMORIS SERVICES CO | $959 | $959 |
| 26 SHARES PROGRESS SOFTWARE CO | $1,255 | $1,255 |
| 97 SHARES QURATE RETAIL INC | $737 | $737 |
| 9 SHARES REGAL BELOIT CORP | $1,532 | $1,532 |
| 46 SHARES RENT A CENTER INC | $2,210 | $2,210 |
| 48 SHARES SANMINA CORP | $1,990 | $1,990 |
| 12 SHARES SCIENCE APPLICATIONS | $1,003 | $1,003 |
| 67 SHARES SEAGATE TECHNOLOGY HLD F | $7,570 | $7,570 |
| 51 SHARES SELECT MEDICAL HLDGS | $1,499 | $1,499 |
| 13 SHARES SIMPLY GOOD FOODS CO0050 | $540 | $540 |
| 14 SHARES SLEEP NUMBER CORP | $1,072 | $1,072 |
| 14 SHARES SOUTHWEST GAS HOLDINGS I | $981 | $981 |
| 13 SHARES STEWART INFO SVCS CO | $1,036 | $1,036 |
| 9 SHARES STIFEL FINL CO | $634 | $634 |
| 11 SHARES SUPERNUS PHARMA | $321 | $321 |
| 3 SHARES SYNEOS HEALTH INC | $308 | $308 |
| 8 SHARES T T E C HOLDINGS INC | $724 | $724 |
| 13 SHARES TD SYNNEX CORP | $1,487 | $1,487 |
| 38 SHARES TE CONNECTIVITY LTD | $6,131 | $6,131 |
| 2 SHARES TOPBUILD CORP | $552 | $552 |
| 16 SHARES TRISTATE CAPITAL HLD | $484 | $484 |
| 149 SHARES TWITTER INC | $6,440 | $6,440 |
| 14 SHARES UNITED THERAPEUTICS | $3,025 | $3,025 |
| 23 SHARES UNITEDHEALTH GRP INC | $11,549 | $11,549 |
| 18 SHARES VALVOLINE INC | $671 | $671 |
| 38 SHARES VERTEX PHARMACEUTICA | $8,345 | $8,345 |
| 40 SHARES WASHINGTON FEDERAL | $1,335 | $1,335 |
| 55 SHARES WESTERN DIGITAL CORP | $3,587 | $3,587 |
| 228 SHARES WOLFSPEED INC | $25,484 | $25,484 |
| 8 SHARES ZIFF DAVIS INC | $887 | $887 |
| 13 SHARES ZUMIEZ INC | $624 | $624 |
| 32 SHARES 1ST COMNWLTH FINL CO | $515 | $515 |
| 63 SHARES APPLE HOSPITALITY REIT I | $1,017 | $1,017 |
| 54 SHARES CITY OFFICE R E I T INCO | $1,065 | $1,065 |
| 14 SHARES INDUSTRIAL LOGISTICS | $351 | $351 |
| 12 SHARES OFFICE PPTYS INCOME TR | $298 | $298 |
| 52 SHARES PIEDMONT OFFICE REAL | $956 | $956 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $810,347 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $810,347 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $0 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $0 | StateLocalSecEOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INVESTMENT RELATED FEE | Desc |
| Revenue And Expenses Per Books | $250 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $250 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (4 entries)
| DescDesc | AmtAmt |
|---|---|
| CASH TRANSFERRED FROM OHRSTROM FOUNDATION, INC. - SEE STMT 7 | $694,031 |
| COST BASIS OF SECURITIES TRANSFERRED FROM OHRSTROM FOUNDATION, INC. - STMT 7 | $22,266,605 |
| UNREALIZED GAIN ON INVESTMENTS | $1,710,658 |
| DIFFERENCE BETWEEN COST AND MARKET OF GRANTS OF SECURITIES | $7,211,345 |
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