MAGNETAR CAPITAL FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
MAGNETAR CAPITAL FOUNDATION (EIN 46-0807550)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-15
IRS object ID
202203199349110275
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)
Return2022-11-15T19:11:03-06:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ERNST & YOUNG US LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1155 N Wacker DriveAddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60606ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN460807550EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MAGNETAR CAPITAL FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% ALLISON COCHRAN SR ACCTInCareOfNm
Business Name ControlMAGNBusinessNameControlTxt
Phone8479054400PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11603 ORRINGTON AVENUEAddressLine1Txt
CityEVANSTONCityNm
State AbbreviationILStateAbbreviationCd
ZIP602015018ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
Personbarbara bernsteinPersonNm
Person TitleSECRETARYPersonTitleTxt
Phone8479054400PhoneNum
Signature2022-11-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstbarbaraPersonFirstNm
Person LastbernsteinPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKATHERINE E KURTZMANPreparerPersonNm
PTINP01236691PTIN
Phone3128792000PhoneNum
Preparation2022-11-15PreparationDt

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$426,064FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$1,664,305ContriRcvdRevAndExpnssAmt
Other Income Rev And Expnss$16,537OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$16,537OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$1,680,842TotalRevAndExpnssAmt
Total Net Invst Incm$16,537TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Legal Fees Rev And Expnss$4,292LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$0LegalFeesNetInvstIncmAmt
Legal Fees Adj Net Incm$0LegalFeesAdjNetIncmAmt
Legal Fees Dsbrs Chrtbl$2,344LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$20,436AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$0AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$0AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps$28,281AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$363,025OtherProfFeesRevAndExpnssAmt
Other Prof Fees Dsbrs Chrtbl$363,025OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$50TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$47,415OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$44,873OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$435,218TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$0TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$438,523TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$32,671ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,161,424ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$467,889TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$0TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$1,599,947TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$1,212,953ExcessRevenueOverExpensesAmt
Net Investment Income$16,537NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$318,743CashBOYAmt
Cash EOY$402,810CashEOYAmt
Cash EOYFMV$402,810CashEOYFMVAmt
Acct Rcvbl$9,259AcctRcvblAmt
Acct Rcvbl EOY$9,259AcctRcvblEOYAmt
Acct Rcvbl EOYFMV$9,259AcctRcvblEOYFMVAmt
Prepaid Expenses BOY$14,445PrepaidExpensesBOYAmt
Prepaid Expenses EOY$13,995PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV$13,995PrepaidExpensesEOYFMVAmt
Total Assets BOY$333,188TotalAssetsBOYAmt
Total Assets EOY$426,064TotalAssetsEOYAmt
Total Assets EOYFMV$426,064TotalAssetsEOYFMVAmt
Accounts Payable BOY$26,077AccountsPayableBOYAmt
Accounts Payable EOY$33,453AccountsPayableEOYAmt
Grants Payable BOY$2,121,932GrantsPayableBOYAmt
Grants Payable EOY$994,479GrantsPayableEOYAmt
Total Liabilities BOY$2,148,009TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,027,932TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY-$1,814,821NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY-$927,268NoDonorRstrNetAssestsEOYAmt
Donor Rstr Net Assets EOY$325,400DonorRstrNetAssetsEOYAmt
Tot Net Ast Or Fund Balances BOY-$1,814,821TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY-$601,868TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$333,188TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$426,064TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY-$1,814,821TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$1,212,953ExcessRevenueOverExpensesAmt
Subtotal-$601,868SubtotalAmt
Tot Net Ast Or Fund Balances EOY-$601,868TotNetAstOrFundBalancesEOYAmt
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$230InvestmentIncomeExciseTaxAmt
Subtotal$230SubtotalAmt
Tax Based On Investment Income$230TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$41EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$500ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$541TotalPaymentsAndCreditsAmt
Overpayment$311OverpaymentAmt
Applied To ES Tax$311AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
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 StateILOrgReportOrRegisterStateCd
Org Report Or Register StateNYOrgReportOrRegisterStateCd
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 AddressWWW.MAGNETARACADEMY.ORGWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1ALLISON COCHRAN SR ACCTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8479054400PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11603 ORRINGTON AVENUEAddressLine1Txt
CityEVANSTONCityNm
State AbbreviationILStateAbbreviationCd
ZIP602015018ZIPCd
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 PrsnYes (true)FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
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 (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
ALEC N LITOWITZ
1603 ORRINGTON AVENUEEVANSTONIL602015018PRESIDENT, DIRECTOR1.0$0$0$0
BARBARA BERNSTEIN
1603 ORRINGTON AVENUEEVANSTONIL602015018SECRETARY1.0$0$0$0
ROSS LASER
1603 ORRINGTON AVENUEEVANSTONIL602015018DIRECTOR1.0$0$0$0
DAVID SNYDERMAN
1603 ORRINGTON AVENUEEVANSTONIL602015018DIRECTOR1.0$0$0$0
NAOMI GUNASEKARAN
1603 ORRINGTON AVENUEEVANSTONIL602015018TREASURER1.0$0$0$0

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdService TypeServiceTypeTxtCompensationCompensationAmt
BERLIN ROSEN LTD
15 Maiden Lane Suite 1600NEW YORKNY10038branding and website$100,000
DUE EAST PARTNERS LLC
106 Ridgely AveANNAPOLISMD21401strategic planning$68,200
FORESIGHT LAW POLICY PLLC
800 Maine Avenue SW Suite 200WASHINGTONDC20024state policy$60,000
STEVEN BOTSOE
965 Florida Ave NW Apt 545WASHINGTONDC20001project management$50,750
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$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$354,573AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$354,573TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$354,573AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$5,319CashDeemedCharitableAmt
Net Vl Noncharitable Assets$349,254NetVlNoncharitableAssetsAmt
Minimum Investment Return$17,463MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$17,463MinimumInvestmentReturnAmt
Tax Based On Investment Income$230TaxBasedOnInvestmentIncomeAmt
Total Tax$230TotalTaxAmt
Distributable Before Adj$17,233DistributableBeforeAdjAmt
Recoveries Qualfied Distri$1,000RecoveriesQualfiedDistriAmt
Distributable Before Ded$18,233DistributableBeforeDedAmt
Distributable As Adjusted$18,233DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,599,947ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$1,599,947QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$18,233DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Prior Year12019PriorYear1Yr
Prior Year22018PriorYear2Yr
Prior Year32017PriorYear3Yr
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr5$1,394,300ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$1,671,595ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$1,623,096ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$638,267ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$1,458,486ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$6,785,744TotalExcessDistributionCyovAmt
Qualifying Distributions$1,599,947QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Current Year$18,233AppliedToCurrentYearAmt
Remaining Distri From Corpus$1,581,714RemainingDistriFromCorpusAmt
Total Corpus$8,367,458TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$1,394,300ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$6,973,158ExcessDistriCyovToNextYrAmt
Excess From Year4$1,671,595ExcessFromYear4Amt
Excess From Year3$1,623,096ExcessFromYear3Amt
Excess From Year2$638,267ExcessFromYear2Amt
Excess From Year1$1,458,486ExcessFromYear1Amt
Excess From Current Year$1,581,714ExcessFromCurrentYearAmt
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 (49 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
The Honeycomb Project LLC
1658 N Milwaukee Ave 190ChicagoIL60647PCCharity Donation - General Support$2,500
Hudson County Court Appointed Special Advocates
442 Hoboken AveJersey CityNJ073062616PCMatching Gift - General Support$300
Chicago Symphony Orchestra
220 S Michigan AvenueChicagoIL60604PCMatching Gift - General Support$100
University of Chicago
5801 S Ellis AvenueChicagoIL60637PCMatching Gift - General Support$200
Urban Initiatives Inc
650 West Lake StreetChicagoIL60661PCMatching Gift - General Support$300
Dana Hall School
45 Dana RoadWellesleyMA02482PCMatching Gift - General Support$300
St Jude Children's Research Hospital
5501 N Cumberland Ave 101ChicagoIL60656PCCharity Donation - General Support$825
Epilepsy Alliance Ohio
895 Central Ave Suite 550CincinnatiOH45202PCMatching Gift - General Support$150
Innocence Project
40 Worth Street Suite 701NEW YORKNY10013PCCharity Donation- General Support$1,000
Southwest Special Recreation Association
12521 S Kostner AveAlsipIL60803PCMatching Gift - General Support$150
Hopeful Tails
2303 Oak Leaf StreetJolietIL60436PCCharity donation - General Support$1,000
St Jude Children's Hospital
220 East 42nd StreetNew YorkNY10017PCCharity donation - General Support$1,000
University of Chicago
1250 24th Street NWS Ellis AvenueIL60637PCMatching Gift - General Support$300
Philanthropic Ventures Foundation
1222 Preservation Park WayOaklandCA94612PCMatching Gift - General Support$300
Philanthropic Ventures Foundation
1222 Preservation Park WayOaklandCA94612PCCharity donation - General Support$2,500
Evanston Scholars
1234 Sherman Avenue Suite 213EvanstonIL60202PCCharity donation - General Support$2,500
EARTHDAYORG
1752 N Street NW Suite 700WashingtonDC20036PCCharity donation - General Support$1,000
Heartland Alliance
208 S LaSalle St Suite 1300EvanstonIL60201PCCharity Donation - General Support$1,000
American Lung Association
55 W Wacker Drive Ste 1150ChicagoIL60601PCMatching Gift - General Support$60
Riley Children's Foundation
30 S Meridian St Ste 200IndiannapolisIN462043509PCCharity donation - General Support$1,000
ALS Therapy Development Institute
300 Technology Sq Ste 400CambridgeMA02139PCCharity donation - General Support$500
The Association Frontotemporal Degeneration
2700 Horizon Drive Suite 120King of PrussiaPA19406PCCharity donation - General Support$2,000
Kind Inc
1201 L Street NW Floor 2WashingtonDC20005PCCharity Donation - General Support$1,000
Cook County Health Foundation
Bank One Bldg 1603 Orrington AveEvanstonIL60201PCCharity donation - General Support$10,000
James B Moran Center for Youth Advocacy
1900 A Dempster StEvanstonIL60202PCCharity Donation - General Support$500
University of Illinois Foundation
1305 W Green StUrbanaIL61801PCCharity Donation - General Support$500
Bahati Foundation
PO Box 56265Los AngelesCA90056PCCharity Donation - General Support$50
Help Our Military Heros
15 Pheasant LaneEastonCT06612PCMatching gift - General support$300
Big Brothers Big Sisters
2502 N Rocky Point Dr Ste 550TampaFL33607PCMatching gift - General support$300
Northern Illinois Food Bank
273 Dearborn CourtGenevaIL60134PCMatching gift - General support$52
Friends of Lane
2501 West Addison StreetChicagoIL60618PCMatching gift - General support$300
Greater Chicago Food Depository
4100 W Ann Lurie Place Harold C HoChicagoIL60632PCMatching gift - General support$200
The Honeycomb Project LLC
1168 N Milwaukee 190ChicagoIL60647PCMatching gift - General support$100
Jewish United Fund
42 East 69th StreetNew YorkNY10021PCMatching gift - General support$36
Anti-Cruelty Society
157 W Grand AvenueChicagoIL60654PCMatching gift - General support$100
The Food Bank of the Southern Tier
1150 Buffalo RoadRochesterNY14624PCMatching gift - General support$100
The Michael J Fox Fdn for Parkinsons Research
Grand Central Station PO Box 477New YorkNY101634777PCMatching gift - General support$37
Chicago Botanic Garden
1000 Lake Cook RoadGlencoeIL60022PCMatching gift - General support$25
Coalition For The Homeless Inc
New YorkChicagoNY10038PCMatching gift - General support$100
Greater Chicago Food Depository
4100 W Ann Lurie Place Harold C HoChicagoIL60632PCMatching gift - General Support$300
Mount Sanai
One Gustave L Levy Place Box 1049New YorkNY10029PCCharity donation - General Support$1,000
American Heart Association
National Center 7272 Greenville AvDallasTX75231PCCharity donation - General support$500
National Federation of the Blind
200 East Wells Street at Jernigan PBaltimoreMD21230PCCharity donation - General support$500
University of Chicago
5801 S Ellis AvenueChicagoIL60637Matching gift - General support$200
A SPCA
424 East 92nd StreetNew YorkNY10128Matching gift - General support$100
Chicago Symphony Orchestra
220 S Michigan AvenueChicagoIL60604Matching gift - General support$100
KEEN Chicago
211 S Clark StreetChicagoIL60690Matching gift - General support$100
Lambda Legal
20 Wall Street 29th FloorNew YorkNY10005Matching gift - General support$100
University of Chicago
5801 S ELLIS AVENUECHICAGOIL60637PCCOLLABORATION GRANTS - UNIVERSITY OF CHICAGO$1,125,839
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,161,424TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp
Int On Sav And Temp Cash InvstIntOnSavAndTempCashInvstGrp
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

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescROYALTY INCOMEDesc
Exclusion01ExclusionCd
Exclusion$16,537ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$16,537ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$16,537TotalIncomeProducingActyAmt

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 (2 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionInd
CREDIT SUISSE
111 MADISON AVENUE 3RD FLOORNEW YORKNY10010$10,000Yes (X)
MAGNETAR CAPITAL LLC
21603 Orrington Ave Ste 1300EvanstonIL60201$1,650,000Yes (X)

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$20,436Amt
Disbursements Charitable Prps$28,281DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanationGrp

FieldValueIRS element (for citing)
IdentifierPart VIII-AIdentifierTxt
Form And Line ReferencePart VIII-AFormAndLineReferenceDesc
Medium ExplanationTHE FOUNDATION SUPPORTS THE OPERATION OF FINEDGE, FORMERLY KNOWN AS MAGNETAR YOUTH INVESTMENT ACADEMY. IN 2019 THE ACADEMY WAS REBRANDED AND REPLACED BY FINEDGE. FINEDGE IS A UNIQUE, HANDS-ON, INNOVATIVE FINANCIAL LITERACY PROGRAM FOR HIGH SCHOOL STUDENTS, WITH AN EMPHASIS OF OFFERING THE PROGRAM IN HIGH SCHOOLS IN ECONOMICALLY DISADVANTAGED COMMUNITIES. AS OF DECEMBER 31, 2021, FINEDGE WAS OPERATING IN 32 HIGH SCHOOLS NATIONWIDE THAT LARGELY SERVE LOW-INCOME STUDENTS. FINEDGE IS A SINGLE-SEMESTER HIGH SCHOOL FINANCIAL EDUCATION CURRICULUM, WHICH TEACHES IN WAYS STUDENTS LEARN BEST, OFFERING CAREFULLY-DESIGNED COURSEWORK THAT ENCOURAGES QUESTIONING, DISCUSSING, AND APPLYING CONCEPTS TO ONE'S OWN UNIQUE FINANCIAL SITUATION. ITS MODULES BUILD OFF EACH OTHER TO HELP STUDENTS DEVELOP THEIR OWN ATTITUDES AND POSITIVE BEHAVIORS AROUND MONEY, WHILE SHARPENING THEIR FINANCIAL DECISION-MAKING SKILLS. STUDENT EVENTS INCLUDE A DAY-LONG INVESTMENT COMPETITION, MAGNETAR STOCK TRADING CHALLENGE, DURING WHICH HIGH SCHOOL TEAMS BUILD AND MANAGE A MOCK INVESTMENT PORTFOLIO OVER THREE ECONOMIC CYCLES. GRANTS ARE AWARDED TO THE HIGH SCHOOLS WHOSE TEAMS' PORTFOLIOS PERFORM AT THE HIGHEST LEVELS. MAGNETAR CAPITAL FOUNDATION ALSO PROVIDES GRANT PAYMENTS TO VARIOUS PUBLIC CHARITIES THROUGH INTERNAL REQUESTS BY THE MAGNETAR CAPITAL EMPLOYEES. THIS PORTION OF THE APPLICATION PROCESS IS NOT OPEN TO THE PUBLIC. The Foundation is a fiscal sponsor to the corporation Financial Literacy and Education Foundation, Inc. ("FLITE") through a Fiscal Sponsorship Agreement. The primary purpose of FLITE is to provide students, especially those from lower income communities with the tools they need to lead financially-informed successful lives. As per the Sponsorship Agreement, the Foundation has approved the establishment of a donor restricted fund (the "Fund") to receive donations of cash and other property earmarked for the charitable purpose of FLITE. The Foundation exercises full control over the financial administration, management and disbursement of the Fund. The activities of FLITE are consolidated with disbursement of the Fund.MediumExplanationTxt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLEGAL FEESCategoryTxt
Legal Fees$4,292LegalFeesAmt
Disbursements Charitable Prps$2,344DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FINEDGE MATERIALS$30,680$30,709
INSURANCE$14,164$14,164
PUBLIC RELATIONS FEES$1,292
DUES AND SUBSCRIPTIONS$434
OFFICE EXPENSES$555
FILING FEES$290

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescROYALTY INCOMEDesc
Revenue And Expenses Per Books$16,537RevenueAndExpensesPerBooksAmt
Net Investment Income$16,537NetInvestmentIncomeAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryCONSULTING FEESCategoryTxt
Amt$363,025Amt
Disbursements Charitable Prps$363,025DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL EXCISE TAXCategoryTxt
Amt$50Amt

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