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JOSEPH & VICKY SAFRA FOUNDATION INC: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
JOSEPH & VICKY SAFRA FOUNDATION INC (EIN 06-1640434)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-08-23
IRS object ID
202232359349100513
Schema version
2021v4.2
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)
Return2022-08-23T13:42:40-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN061640434EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JOSEPH SAFRA FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% CARLOS BERTACOInCareOfNm
Business Name ControlJOSEBusinessNameControlTxt
Phone2127045596PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1546 5TH AVENUE 2ND FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10036ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCARLOS BERTACOPersonNm
Person TitleDIRECTORPersonTitleTxt
Phone2127045596PhoneNum
Signature2022-08-23SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstCARLOSPersonFirstNm
Person LastBERTACOPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
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$29,694,877FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$13,000,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$531,688InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$531,688InterestOnSavNetInvstIncmAmt
Total Rev And Expnss$13,531,688TotalRevAndExpnssAmt
Total Net Invst Incm$531,688TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Other Expenses Rev And Expnss$27,210OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$27,210TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$6,273,004ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$6,273,004ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$6,300,214TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$6,273,004TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$7,231,474ExcessRevenueOverExpensesAmt
Net Investment Income$531,688NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$6,474,365CashBOYAmt
Cash EOY$3,560,638CashEOYAmt
Cash EOYFMV$3,560,638CashEOYFMVAmt
Sav And Temp Cash Invst BOY$7,316,951SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$17,324,298SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$17,324,298SavAndTempCashInvstEOYFMVAmt
Corporate Bonds BOY$9,174,955CorporateBondsBOYAmt
Corporate Bonds EOY$9,060,361CorporateBondsEOYAmt
Corporate Bonds EOYFMV$8,655,533CorporateBondsEOYFMVAmt
Other Assets BOY-$255,868OtherAssetsBOYAmt
Other Assets EOY$154,408OtherAssetsEOYAmt
Other Assets EOYFMV$154,408OtherAssetsEOYFMVAmt
Total Assets BOY$22,710,403TotalAssetsBOYAmt
Total Assets EOY$30,099,705TotalAssetsEOYAmt
Total Assets EOYFMV$29,694,877TotalAssetsEOYFMVAmt
Other Liabilities BOY$5,571OtherLiabilitiesBOYAmt
Other Liabilities EOY$17,210OtherLiabilitiesEOYAmt
Total Liabilities BOY$5,571TotalLiabilitiesBOYAmt
Total Liabilities EOY$17,210TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$10,115,201CapitalStockBOYAmt
Capital Stock EOY$16,842,198CapitalStockEOYAmt
Retained Earning BOY$12,589,632RetainedEarningBOYAmt
Retained Earning EOY$13,240,297RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$22,704,833TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$30,082,495TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$22,710,404TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$30,099,705TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$22,704,833TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$7,231,474ExcessRevenueOverExpensesAmt
Other Increases$284,968OtherIncreasesAmt
Subtotal$30,221,275SubtotalAmt
Other Decreases$138,780OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$30,082,495TotNetAstOrFundBalancesEOYAmt
FieldValueIRS element (for citing)
Cap Gains Loss Tx Invst Incm DetailCapGainsLossTxInvstIncmDetail

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$7,390InvestmentIncomeExciseTaxAmt
Subtotal$7,390SubtotalAmt
Tax Based On Investment Income$7,390TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$7,043EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$7,043TotalPaymentsAndCreditsAmt
Tax Due$347TaxDueAmt

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
Org Report Or Register StateNYOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1CARLOS BERTACOBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2127045596PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1546 5TH AVENUE 2ND FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10036ZIPCd
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
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
JACOB SAFRA
546 5TH AVENUE 2ND FLOORNEW YORKNY10036DIRECTOR, PART TIME0$0$0$0
CARLOS BERTACO
546 5TH AVENUE 2ND FLOORNEW YORKNY10036DIRECTOR, PART TIME0$0$0$0
STEVEN MONTAGUE
546 5TH AVENUE 2ND FLOORNEW YORKNY10036DIRECTOR, PART TIME0$0$0$0
VICKY SAFRA
546 5TH AVENUE 2ND FLOORNEW YORKNY10036DIRECTOR, PART TIME0$0$0$0
DAVID SAFRA
546 5TH AVENUE 2ND FLOORNEW YORKNY10036DIRECTOR, PART TIME0$0$0$0

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT ACTIVITIES, ITS PRIMARY PURPOSE IS THE SUPPORT BY CONTRIBUTION TO OTHER ORGANIZATIONS EXEMPT UNDERDescription1Txt
Description2INTERNAL REVENUE CODE SECTION 501(C)(3)Description2Txt
FieldValueIRS element (for citing)
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$16,988,655AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$3,926,368AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$20,915,023TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$20,915,023AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$313,725CashDeemedCharitableAmt
Net Vl Noncharitable Assets$20,601,298NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,030,065MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,030,065MinimumInvestmentReturnAmt
Tax Based On Investment Income$7,390TaxBasedOnInvestmentIncomeAmt
Total Tax$7,390TotalTaxAmt
Distributable Before Adj$1,022,675DistributableBeforeAdjAmt
Distributable Before Ded$1,022,675DistributableBeforeDedAmt
Distributable As Adjusted$1,022,675DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$6,273,004ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$6,273,004QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,022,675DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Prior Year12019PriorYear1Yr
Prior Year22018PriorYear2Yr
Prior Year32017PriorYear3Yr
Excess Distribution Cyov Yr5$6,597,911ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$6,428,283ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$5,684,831ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$4,334,655ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$5,002,346ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$28,048,026TotalExcessDistributionCyovAmt
Qualifying Distributions$6,273,004QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Current Year$1,022,675AppliedToCurrentYearAmt
Remaining Distri From Corpus$5,250,329RemainingDistriFromCorpusAmt
Total Corpus$33,298,355TotalCorpusAmt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$6,597,911ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$26,700,444ExcessDistriCyovToNextYrAmt
Excess From Year4$6,428,283ExcessFromYear4Amt
Excess From Year3$5,684,831ExcessFromYear3Amt
Excess From Year2$4,334,655ExcessFromYear2Amt
Excess From Year1$5,002,346ExcessFromYear1Amt
Excess From Current Year$5,250,329ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1SEE STATEMENT ATTACHEDBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1VARIOUS RECIPIENTAddressLine1Txt
CityVARIOUUSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP000000000ZIPCd
FieldValueIRS element (for citing)
Grant Or Contribution PurposeCHARITABLE PURPOSES.GrantOrContributionPurposeTxt
Amt$6,273,004Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$6,273,004TotalGrantOrContriPdDurYrAmt

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$531,688ExclusionAmt
FieldValueIRS element (for citing)
Dividends And Interest From Sec DtlDividendsAndInterestFromSecDtl
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 InvntryGainSalesAstOthThanInvntryGrp
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$531,688ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$531,688TotalIncomeProducingActyAmt

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 PersonSAFRA NATIONAL BANK OF NEW YORKContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1546 5TH AVENUE 2ND FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10036ZIPCd
FieldValueIRS element (for citing)
Total Contributions$13,000,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Depreciation Schedule DepreciationSchedule

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp (6 entries)

BondBondNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
REPUBLIC OF ARGENTINA BOND$1,562,900$1,047,026
REPUBLIC OF ARGENTINA BOND$98,255$59,547
BANCO BRADESCO$2,038,164$2,054,694
ITAU UNIBANCO$2,031,596$2,053,223
BANCO DO BRASIL$2,827,850$2,950,697
GOLDMAN SACHS CAPITAL II$501,596$490,346

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescREVALUED FORWARD HEDGEDesc
BOY Book Value-$255,868BOYBookValueAmt
EOY Book Value$154,408EOYBookValueAmt
EOYFMV$154,408EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescUNREALIZED LOSS ON FORWARDSDesc
Amt$138,780Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
BANK CHARGES$13,995
FEDERAL TAX$7,390
LEGAL FEES$5,825

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescNET UNREALIZED GAIN ON INVESTMENTDesc
Amt$284,968Amt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescTAX PAYABLE/CHECKS PAYABLEDesc
BOY Book Value$5,571BOYBookValueAmt
EOY Book Value$17,210EOYBookValueAmt

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