MARKS FAMILY FOUNDATION: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- MARKS FAMILY FOUNDATION (EIN 77-0500312)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-11-09
- IRS object ID
- 202223139349101347
- 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
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Depreciation Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-11-09T12:14:43-06:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KUEHNIS & ASSOCIATES CPAS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 617 VETERANS BLVD SUITE 214 | AddressLine1Txt |
| City | REDWOOD CITY | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94063 | 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 | 770500312 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARKS FAMILY FOUNDATION | BusinessNameLine1Txt |
| Business Name Line2 | C/O KUEHNIS & ASSOCIATES CPAS LLP | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % KUEHNIS & ASSOCIATES CPAS LL | InCareOfNm |
| Business Name Control | MARK | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 6978 | AddressLine1Txt |
| City | REDWOOD CITY | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94063 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | AMY DORNBUSCH | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 6503623601 | PhoneNum |
| Signature | 2022-11-08 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | AMY | PersonFirstNm |
| Person Last | DORNBUSCH | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | BRIAN KUEHNIS | PreparerPersonNm |
| PTIN | P01256096 | PTIN |
| Phone | 6503623601 | PhoneNum |
| Preparation | 2022-11-08 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| 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) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $60,952,994 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $11,734,862 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $122,644 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $122,644 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $4,523,623 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $15,793,208 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $13,755,160 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $312,009 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $1,807 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $16,693,138 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $13,879,611 | 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 |
| Accounting Fees Rev And Expnss | $6,400 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $3,200 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $3,200 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $100,150 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $150 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $2,203,039 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $2,163,026 | OtherExpensesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $2,309,589 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $2,166,376 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $3,200 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $4,672,935 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $4,672,935 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $6,982,524 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $2,166,376 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $4,676,135 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $9,710,614 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $11,713,235 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $2,191,017 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,052,507 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,052,507 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $431,560 | CorporateStockBOYAmt |
| Corporate Stock EOY | $268,021 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $522,638 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $37,377,632 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $48,545,887 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $59,260,975 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $116,874 | OtherAssetsBOYAmt |
| Other Assets EOY | $116,874 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $116,874 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $40,117,083 | TotalAssetsBOYAmt |
| Total Assets EOY | $49,983,289 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $60,952,994 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $167,844 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $323,436 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $167,844 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $323,436 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $39,949,239 | RetainedEarningBOYAmt |
| Retained Earning EOY | $49,659,853 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $39,949,239 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $49,659,853 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $40,117,083 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $49,983,289 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $39,949,239 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $9,710,614 | ExcessRevenueOverExpensesAmt |
| Subtotal | $49,659,853 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $49,659,853 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (26 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | Cost Or Other BasisCostOrOtherBasisAmt |
|---|---|---|---|---|---|---|
| H BARTON VENTURE SELECT IV LLC - K-1 | P | 2021-12-31 | $1,203 | $1,203 | $1,203 | |
| PIMCO BRAVO FUND II OFFSHORE K-1 | P | 2021-12-31 | $1,966 | $1,966 | $1,966 | |
| CELESTA IV LP - K-1 | P | 2021-12-31 | $134,374 | $134,374 | $134,374 | |
| CELESTA III LP - K-1 | P | 2021-12-31 | $651,031 | $651,031 | $651,031 | |
| PIMCO BRAVO FUND II OFFSHORE K-1 | P | 2021-12-31 | $0 | -$1 | -$1 | $1 |
| PIMCO BRAVO FUND II SPECIAL ONSHORE K-1 | P | 2021-12-31 | $0 | -$3,486 | -$3,486 | $3,486 |
| NEW LEGACY SPARROW LLC K-1 | P | 2021-12-31 | $0 | -$18,355 | -$18,355 | $18,355 |
| CELESTA III LP K-1 | P | 2021-12-31 | $2,852,602 | $2,852,602 | $2,852,602 | |
| CELESTA II LP K-1 | P | 2021-12-31 | $0 | -$51,880 | -$51,880 | $51,880 |
| WARREN EQUITY PARTNERS LLC K-1 | P | 2021-12-31 | $49,061 | $49,061 | $49,061 | |
| ROCKETSHIP VC FUND LP K-1 | P | 2021-12-31 | $72,947 | $72,947 | $72,947 | |
| SCHWAB CAPITAL SALES - DONATED AND PURCHASED SHARES | 2021-08-23 | $1,468,250 | $463,104 | $463,104 | $1,005,146 | |
| CITI - BLI SALES - PURCHASED AND DONATED SHARES | 2021-08-23 | $10,561,663 | $370,946 | $370,946 | $10,190,717 | |
| CAPITAL GAIN DIVIDENDS | P | $111 | ||||
| CAPITAL GAIN DIVIDENDS | P | $111 | ||||
| CAPITAL GAIN DIVIDENDS | P | $111 | ||||
| CAPITAL GAIN DIVIDENDS | P | $111 | ||||
| CAPITAL GAIN DIVIDENDS | P | $111 | ||||
| CAPITAL GAIN DIVIDENDS | P | $111 | ||||
| CAPITAL GAIN DIVIDENDS | P | $111 | ||||
| CAPITAL GAIN DIVIDENDS | P | $111 | ||||
| CAPITAL GAIN DIVIDENDS | P | $111 | ||||
| CAPITAL GAIN DIVIDENDS | P | $111 | ||||
| CAPITAL GAIN DIVIDENDS | P | $111 | ||||
| CAPITAL GAIN DIVIDENDS | P | $111 | ||||
| CAPITAL GAIN DIVIDENDS | P | $111 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $13,755,160 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $162,814 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $162,814 | SubtotalAmt |
| Tax Based On Investment Income | $162,814 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $159,437 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $150,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $309,437 | TotalPaymentsAndCreditsAmt |
| Overpayment | $146,623 | OverpaymentAmt |
| Applied To ES Tax | $146,623 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (true) | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KUEHNIS & ASSOCIATES CPAS LLP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6503623601 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 6978 | AddressLine1Txt |
| City | REDWOOD CITY | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94063 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Undistr Incm Sect4942a2 Not App | false | UndistrIncmSect4942a2NotAppInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| AMY MARKS DORNBUSCH | ||||||||
| PO BOX 6978 | REDWOOD CITY | CA | 94063 | PRESIDENT/CFO | 0 | $0 | $0 | $0 |
| CAROLE MARKS | ||||||||
| PO BOX 6978 | REDWOOD CITY | CA | 94063 | DIRECTOR | 0 | $0 | $0 | $0 |
| MICHAEL MARKS | ||||||||
| PO BOX 6978 | REDWOOD CITY | CA | 94063 | DIRECTOR | 0 | $0 | $0 | $0 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE | Description1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $2,905,503 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,748,961 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $48,957,266 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $53,611,730 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $53,611,730 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $804,176 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $52,807,554 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,640,378 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $2,640,378 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $162,814 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $162,814 | TotalTaxAmt |
| Distributable Before Adj | $2,477,564 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $2,477,564 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $2,477,564 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $4,676,135 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $4,676,135 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $2,477,564 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2019 | PriorYear1Yr |
| Prior Year2 | 2018 | PriorYear2Yr |
| Prior Year3 | 2017 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr4 | $1,335,658 | ExcessDistributionCyovYr4Amt |
| Total Excess Distribution Cyov | $1,335,658 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $4,676,135 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Current Year | $2,477,564 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $2,198,571 | RemainingDistriFromCorpusAmt |
| Total Corpus | $3,534,229 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $3,534,229 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $1,335,658 | ExcessFromYear4Amt |
| Excess From Current Year | $2,198,571 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | AMY MARKS DORNBUSCH | ContributingManagerNm |
| Contributing Manager | CAROLE MARKS | ContributingManagerNm |
| Contributing Manager | MICHAEL MARKS | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (56 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| V Foundation | |||||||
| 14600 WESTON PARKWAY | CARY | NC | 27513 | NONE | PC | GENERAL CHARITABLE PURPOSE | $1,100,000 |
| The Julliard School | |||||||
| 60 LINCOLN CENTER PLAZA | NEW YORK | NY | 10023 | NONE | PC | GENERAL CHARITABLE PURPOSE | $100,000 |
| Rick Sharp Alzheimers Foundation | |||||||
| PO Box 42333 | Henrico | VA | 23242 | NONE | GENERAL CHARITABLE PURPOSE | $250,000 | |
| The Viscardi Center | |||||||
| 201 IU Willets Road | Albertson | NY | 11507 | NONE | GENERAL CHARITABLE PURPOSE | $300,000 | |
| Population Services Int'l (Maverick Collective) | |||||||
| 1120 19TH STREET NW SUITE 600 | Washington | DC | 20036 | NONE | GENERAL CHARITABLE PURPOSE | $138,962 | |
| Alameda Health System Foundation | |||||||
| 350 Frank H Ogawa Plaza Suite 900 | Oakland | CA | 94612 | NONE | GENERAL CHARITABLE PURPOSE | $10,000 | |
| Asian Americans Advancing Justice | |||||||
| 1620 L Street NW Suite 1050 | Washington | DC | 20036 | NONE | GENERAL CHARITABLE PURPOSE | $5,000 | |
| IPPFWHR | |||||||
| 125 Maiden Lane 9th Floor | New York | NY | 10038 | NONE | GENERAL CHARITABLE PURPOSE | $50,000 | |
| Life Restoration Network dba Ring of Hope | |||||||
| 3200 Earhart Drive | Carrollton | TX | 75006 | NONE | GENERAL CHARITABLE PURPOSE | $25,000 | |
| Community Word Project | |||||||
| 11 Broadway Suite 508 | New York | NY | 10004 | NONE | GENERAL CHARITABLE PURPOSE | $10,000 | |
| Boston Conservatory At Berklee | |||||||
| 8 Fenway | Boston | MA | 02215 | NONE | GENERAL CHARITABLE PURPOSE | $70,000 | |
| Cure Alzheimers Fund | |||||||
| 34 Washington Street Suite 310 | Wellsley Hills | MA | 02481 | NONE | GENERAL CHARITABLE PURPOSE | $750,000 | |
| We Care Solar | |||||||
| 2150 Allston Way Suite340 | Berkley | CA | 94704 | NONE | GENERAL CHARITABLE PURPOSE | $250,000 | |
| College Track | |||||||
| 112 Linden Street | Oakland | CA | 94607 | NONE | GENERAL CHARITABLE PURPOSE | $100,000 | |
| Spellman College | |||||||
| 350 Spelman Lane SW | Atlanta | GA | 30314 | NONE | GENERAL CHARITABLE PURPOSE | $5,000 | |
| Rand Corp | |||||||
| 1776 Main Street | Santa Monica | CA | 90407 | NONE | GENERAL CHARITABLE PURPOSE | $25,000 | |
| PATH (Catalyst Fund) | |||||||
| PO Box 900922 | Seattle | WA | 98109 | NONE | GENERAL CHARITABLE PURPOSE | $25,000 | |
| Celesta Foundation | |||||||
| 1 California Street 1750 | San Francisco | CA | 94111 | NONE | GENERAL CHARITABLE PURPOSE | $50,000 | |
| Indiaspora | |||||||
| 3450 Sacramento St | San Francisco | CA | 94118 | NONE | GENERAL CHARITABLE PURPOSE | $50,000 | |
| United Sommeliers Foundation | |||||||
| 1114 Church Street | Saint Helena | CA | 94574 | NONE | GENERAL CHARITABLE PURPOSE | $10,000 | |
| Scholarship America | |||||||
| 7900 International Drive Suite 500 | Minneapolis | MN | 55425 | NONE | GENERAL CHARITABLE PURPOSE | $2,000 | |
| Tipping Point Community | |||||||
| 220 Montgomery Street Suite 850 | San Francisco | CA | 94107 | NONE | GENERAL CHARITABLE PURPOSE | $40,000 | |
| Angel Flight West | |||||||
| 3161 Donald Douglas Loop | Santa Monica | CA | 90405 | NONE | GENERAL CHARITABLE PURPOSE | $10,000 | |
| Project Glimmer | |||||||
| 70 Pier 2 | San Francisco | CA | 94107 | NONE | GENERAL CHARITABLE PURPOSE | $20,000 | |
| New Venture Fund | |||||||
| 1828 L Street NW Suite 300-A | Washington | DC | 20036 | none | GENERAL CHARITABLE PURPOSE | $25,000 | |
| Sun Valley Wellness | |||||||
| PO Box 4174 | Ketchum | ID | 83340 | NONE | GENERAL CHARITABLE PURPOSE | $2,500 | |
| The Juniper Fund | |||||||
| PO Box 30829 | Seattle | WA | 98103 | NONE | GENERAL CHARITABLE PURPOSE | $50,000 | |
| Solar Sister | |||||||
| 94 Interpromontory Road | Great Falls | VA | 22066 | NONE | GENERAL CHARITABLE PURPOSE | $25,000 | |
| Sun Valley Music Festival | |||||||
| PO Box 1914 | Sun Valley | ID | 83353 | NONE | GENERAL CHARITABLE PURPOSE | $25,000 | |
| Scholarship America | |||||||
| 7900 International Drive Suite 500 | Minneapolis | MN | 55425 | NONE | GENERAL CHARITABLE PURPOSE | $50,000 | |
| The Nature Conservancy | |||||||
| 4245 N Fairfax Drive Suite 100 | Arlington | VA | 22203 | NONE | GENERAL CHARITABLE PURPOSE | $10,000 | |
| Businesses United in Investing (BUILD) | |||||||
| PO Box 3316 | Redwood City | CA | 94064 | NONE | GENERAL CHARITABLE PURPOSE | $100,000 | |
| Education Bridge Inc | |||||||
| 2043 South Bend Avenue 278 | South Bend | IN | 46637 | NONE | GENERAL CHARITABLE PURPOSE | $20,000 | |
| Project Music Heals Us | |||||||
| 15 Briarwood Drive | Cuilford | CT | 06437 | NONE | GENERAL CHARITABLE PURPOSE | $100,000 | |
| Vital Voices Global Partnership | |||||||
| 1509 16th St NW | Washington | DC | 20036 | NONE | GENERAL CHARITABLE PURPOSE | $500,000 | |
| National Center for Disability Services | |||||||
| 201 I U Willets Rd | Albertson | NY | 11507 | NONE | GENERAL CHARITABLE PURPOSE | $10,000 | |
| The Honeywell Foundation Inc | |||||||
| PO Box 510354 | Livornia | MI | 48151 | NONE | GENERAL CHARITABLE PURPOSE | $150,000 | |
| American Rivers | |||||||
| 1101 14th Street NW Suitre 1400 | Washington | DC | 20005 | NONE | GENERAL CHARITABLE PURPOSE | $10,000 | |
| Joy Thomas Foundation | |||||||
| 28037 Arastradero Road | Los Altos Hills | CA | 94022 | NONE | GENERAL CHARITABLE PURPOSE | $10,000 | |
| Classical Recording Foundation | |||||||
| 128 Manor Ln | Pelham | NY | 10803 | NONE | GENERAL CHARITABLE PURPOSE | $50,000 | |
| Martin Truex Jr Foundation | |||||||
| 156 Cayuga Drive | Mooresville | NC | 28117 | NONE | GENERAL CHARITABLE PURPOSE | $10,000 | |
| Sun Valley Music Festival | |||||||
| PO Box 1914 | Sun Valley | ID | 83353 | NONE | GENERAL CHARITABLE PURPOSE | $25,000 | |
| Pathways | |||||||
| 585 N Mary Ave | Sunnyvale | CA | 94085 | NONE | GENERAL CHARITABLE PURPOSE | $10,000 | |
| Learning Home Volunteers | |||||||
| 633 Quarry Rd d | San Carlos | CA | 94070 | NONE | GENERAL CHARITABLE PURPOSE | $1,800 | |
| Donors Choose | |||||||
| 134 W 37th St | New York | NY | 10018 | NONE | GENERAL CHARITABLE PURPOSE | $20,000 | |
| The Bethany Foundation | |||||||
| 100 MONTCLAIR RD | Haverhill | MA | 01830 | NONE | GENERAL CHARITABLE PURPOSE | $20,000 | |
| American Himalayan Foundation | |||||||
| 909 Montgomery Street Suite 400 | San Francisco | CA | 94133 | NONE | GENERAL CHARITABLE PURPOSE | $10,000 | |
| Uplift Afghanistan | |||||||
| 5644 Lindero Canyon Road Ste 226 | Westlake Village | CA | 91362 | NONE | GENERAL CHARITABLE PURPOSE | $10,000 | |
| From the Top | |||||||
| PO Box 845429 | Boston | MA | 02284 | NONE | GENERAL CHARITABLE PURPOSE | $5,000 | |
| Camp Rainbow Gold Inc | |||||||
| 216 W Jefferson Street | Boise | ID | 83702 | NONE | GENERAL CHARITABLE PURPOSE | $5,346 | |
| Baby2Baby | |||||||
| 5830 W Jefferson Blvd | Los Angeles | CA | 90016 | NONE | GENERAL CHARITABLE PURPOSE | $1,030 | |
| Women for Afghan Women | |||||||
| 2000 M Street NW Suite 200 | Washington | DC | 20036 | NONE | GENERAL CHARITABLE PURPOSE | $5,150 | |
| Harvard Business School | |||||||
| PO BOX 412275 | BOSTON | MA | 02241 | NONE | GENERAL CHARITABLE PURPOSE | $5,000 | |
| Oberlin College | |||||||
| 50 West Lorain Street | Oberlin | OH | 44074 | NONE | GENERAL CHARITABLE PURPOSE | $10,000 | |
| Outlier Holdings LLC Pass Thru K-1 | |||||||
| 668 N 44TH STREET SUITE 300 | Phoenix | AZ | 85008 | NONE | GENERAL CHARITABLE PURPOSE | $1,008 | |
| Varo Holdings LLC Pass Thru K-1 | |||||||
| 303 E 17th Ave 600 | Denver | CO | 80203 | NONE | GENERAL CHARITABLE PURPOSE | $139 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $4,672,935 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp | |
| Int On Sav And Temp Cash Invst | IntOnSavAndTempCashInvstGrp |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $122,644 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $312,009 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $4,523,623 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $4,958,276 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $4,958,276 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (3 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|---|
| MICHAEL MARKS | |||||||
| 1 | PO BOX 6978 | REDWOOD CITY | CA | 94063 | $925,000 | Yes (X) | |
| MICHAEL MARKS | |||||||
| 2 | PO BOX 6978 | REDWOOD CITY | CA | 94063 | $10,053,600 | Yes (X) | |
| MICHAEL MARKS | |||||||
| 3 | PO BOX 6978 | REDWOOD CITY | CA | 94063 | $756,262 | Yes (X) | |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | AUDIT FEES | CategoryTxt |
| Amt | $6,400 | Amt |
| Net Investment Income | $3,200 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $3,200 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| SCHWAB | $234,114 | $357,666 |
| BLACKSTONE GROUP INC | $33,907 | $164,972 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (35 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| PIMCO BRAVO FD II SPECIAL | AT COST | $71,848 | $48,991 |
| PIMCO BRAVO FUND II OFFSHORE | AT COST | $92,545 | $63,104 |
| NORTH HAVEN (MS) CREDIT II OS | AT COST | $249,554 | $249,310 |
| EXCELSIOR VENTURE S FUND I LP | AT COST | $466,479 | $713,195 |
| H BARTON BENTURE SELECT IV LLC | $300,025 | $340,321 | |
| HALOGEN VENTURES FUND 2 LP | $470,564 | $549,658 | |
| AT SOUTHPORT LP | $325,000 | $325,000 | |
| SAGEVIEW III (B) LP | $657,708 | $765,915 | |
| OPERATOR COLLECTIVE FUND -Q LP | $658,495 | $1,529,927 | |
| 9900 BUILDING LLC | $442,134 | $500,000 | |
| CARBITEX INC | $1,687,427 | $1,687,427 | |
| CONDIGO INC -VARO | $789,907 | $272,127 | |
| CURA INC | $562,476 | $562,476 | |
| CURA INC - PROMISSORY NOTE | $562,476 | $562,476 | |
| H2O.AI INC | $1,874,918 | $1,874,918 | |
| IVF GUIDE LLC (FERTILITYIQ) | $204,598 | $204,598 | |
| MINA GROUP INC | $1,681,114 | $1,750,000 | |
| OUTLIER HOLDINGS LLC | $4,994,232 | $5,000,000 | |
| ROCKETSHIP.VC FUND I LP | $2,622,898 | $7,314,625 | |
| WARREN EQUITY PARTNERS LLC | $485,060 | $500,000 | |
| WHITERABBIT.AI INC | $1,874,918 | $1,874,918 | |
| CELESTA II LP | $7,753,284 | $7,768,408 | |
| CELESTA III LP | $10,536,894 | $13,335,421 | |
| D. LIGHT DESIGN INC | $2,358,363 | $2,358,363 | |
| ENJOY TECHNOLOGY | $825,800 | $825,800 | |
| AT NORTH RANCH A LP | $1,000,000 | $1,000,000 | |
| RSP FLINTRIDGE MANAGER LLC | $483,436 | $500,000 | |
| ALBANY ROAD III - SOLANA LLC | $246,961 | $250,000 | |
| ALBANY ROAD RE FUND III LLC | $1,296,373 | $3,077,662 | |
| 560 BUILDING LLC | $93,756 | $250,000 | |
| NEW LEGACY SPARROW LLC | $478,143 | $500,000 | |
| GATEWAY MV OPEATING LLC | $363,228 | $500,000 | |
| DRAKE RE PARTNERS FUND V LP | $255,577 | $263,333 | |
| LONG GAME SAVINGS | $500,000 | $500,000 | |
| CELESTA IV LP | $1,279,696 | $1,443,002 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DUE FROM MEM | Desc |
| BOY Book Value | $116,874 | BOYBookValueAmt |
| EOY Book Value | $116,874 | EOYBookValueAmt |
| EOYFMV | $116,874 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (13 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| INVESTMENT MANAGEMENT EXPENSES | $975 | $975 |
| PORTFOLIO DEDUCTIONS K-1 | $553,856 | $553,856 |
| INVESTMENT INTEREST K-1 | $6,120 | $6,120 |
| ROYALTY INCOME DEDUCTIONS K-1 | $0 | $0 |
| OTHER DEDUCTIONS K-1 | $33,750 | $33,750 |
| SECTION 59(E) K-1 | $0 | $0 |
| SECTION 179 DEDUCTION K-1 | $0 | $0 |
| NONDEDUCTIBLE EXPENSES K-1 | $40,013 | $0 |
| OFFICE EXPENSES | $5,186 | $5,186 |
| CONSULTING FEES (AMY) | $225,000 | $225,000 |
| ORDINARY LOSS - K-1 | $931,803 | $931,803 |
| RENTAL LOSS - K-1 | $398,963 | $398,963 |
| 1231 LOSS - K-1 | $7,373 | $7,373 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| OTHER INCOME (LOSS) - K-1 | $1,807 | $1,807 |
| ROYALTY INCOME - K-1 | $0 | $0 |
| TAX EXEMPT INCOME - K-1 | $310,202 | $0 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LIDO GROUP RETAIL (NEGATIVE TA | Desc |
| BOY Book Value | $167,844 | BOYBookValueAmt |
| EOY Book Value | $323,436 | EOYBookValueAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| FILING FEES | $150 | $150 |
| INCOME TAXES | $100,000 | $0 |
| FOREIGN TAXES | $0 | $0 |
Comments