MICHAEL AND KAREN STONE FAMILY FOUNDATION INC: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- MICHAEL AND KAREN STONE FAMILY FOUNDATION INC (EIN 05-0544633)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-11-15
- IRS object ID
- 202223209349100802
- 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
- Depreciation Schedule
- General Explanation Attachment
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Expenses Schedule
- Other Income Schedule2
- Other Notes Loans Rcvbl Long Sch
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-11-15T23:06:27-06:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3333 New Hyde Park Rd Ste 406 | AddressLine1Txt |
| City | New Hyde Park | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11042 | 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 | 050544633 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Michael and Karen Stone Family Foundation | BusinessNameLine1Txt |
| Business Name Line2 | Inc | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Foundation Source | InCareOfNm |
| Business Name Control | MICH | BusinessNameControlTxt |
| Phone | 8008391754 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Foundation Source 501 Silverside Rd | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Michael Stone | PersonNm |
| Person Title | President | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2022-11-04 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Michael | PersonFirstNm |
| Person Last | Stone | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jeffrey D Haskell | PreparerPersonNm |
| PTIN | P01345770 | PTIN |
| Phone | 8008391754 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | TrustedCustomerGrp |
| 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 | $58,907,448 | 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 | $4,596,538 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $2,122 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $2,122 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $28,214 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $28,214 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $2,171,646 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $20,610,857 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $6,640,182 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $4,820,785 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $4,819,285 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $11,619,305 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $11,489,803 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $19,726 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $3,726 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $16,000 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $52,600 | TaxesRevAndExpnssAmt |
| Trav Conf Meeting Rev And Expnss | $26,939 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $26,939 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $301,613 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $217,633 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $56,775 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $400,878 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $221,359 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $99,714 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,867,590 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,867,590 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,268,468 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $221,359 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,967,304 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $9,350,837 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $11,268,444 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $3,592,150 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $14,479,098 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $14,479,098 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $10,022 | AcctRcvblAmt |
| Acct Rcvbl EOY | $10,022 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $10,022 | AcctRcvblEOYFMVAmt |
| Other Nts And Loans Rcvbl | $250,020 | OtherNtsAndLoansRcvblAmt |
| Other Nts And Loans Rcvbl BOY | $1,050,000 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $250,020 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $125,010 | OtherNtsAndLoansRcvblEOYFMVAmt |
| US Government Obligations BOY | $1,349,898 | USGovernmentObligationsBOYAmt |
| Corporate Stock BOY | $4,696,287 | CorporateStockBOYAmt |
| Corporate Stock EOY | $3,595,581 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $4,735,453 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $1,164,482 | CorporateBondsBOYAmt |
| Other Investments BOY | $28,958,407 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $31,827,340 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $39,557,865 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $40,811,224 | TotalAssetsBOYAmt |
| Total Assets EOY | $50,162,061 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $58,907,448 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $40,811,224 | RetainedEarningBOYAmt |
| Retained Earning EOY | $50,162,061 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $40,811,224 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $50,162,061 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $40,811,224 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $50,162,061 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $40,811,224 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $9,350,837 | ExcessRevenueOverExpensesAmt |
| Subtotal | $50,162,061 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $50,162,061 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| Publicly-traded Securities | $12,632,892 | $8,239,511 | $4,393,381 | ||||
| Passthrough K1 Capital Gain/(Loss) | $1,253,605 | ||||||
| FS SUJA HOLDINGS LLC | $6,985,525 | $6,984,769 | $756 | P | 2020-12-10 | 2021-08-26 | |
| SUJA LIFE HOLDINGS, LP | $446,440 | $0 | $446,440 | P | 2014-11-12 | 2021-08-25 | $446,440 |
| REO HOMES 3 - DISTRIB IN EXCESS OF BASIS | $546,000 | $546,000 | $546,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $6,640,182 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $156,631 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $156,631 | SubtotalAmt |
| Tax Based On Investment Income | $156,631 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $128,792 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $18,400 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $147,192 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $343 | EsPenaltyAmt |
| Tax Due | $9,782 | TaxDueAmt |
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 | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| 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 |
| Org Report Or Register State | DE | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8008391754 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 501 Silverside Road Suite 123 | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | 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 | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| 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 (2 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 |
|---|---|---|---|---|---|---|---|---|
| Karen M Stone | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir | 1.0 | $0 | $0 | $0 |
| Michael R Stone | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Pres, Dir, Sec | 1.0 | $0 | $0 | $0 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | FOUNDATION HIRED CONTRACTORS TO PLAN AND DRILL WELLS FOR 3 VILLAGES IN AFRICA | Description1Txt |
| Expenses1 | $16,000 | Expenses1Amt |
| 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 | $5,336,036 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $5,526,072 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $42,634,406 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $53,496,514 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $53,496,514 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $802,448 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $52,694,066 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,634,703 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $2,634,703 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $156,631 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $2,410 | IncomeTaxAmt |
| Total Tax | $159,041 | TotalTaxAmt |
| Distributable Before Adj | $2,475,662 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $2,475,662 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $2,475,662 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,967,304 | 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 | $1,967,304 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $2,475,662 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $1,907,371 | UndistributedIncomePYAmt |
| Prior Year1 | 2019 | PriorYear1Yr |
| Prior Year2 | 2018 | PriorYear2Yr |
| Prior Year3 | 2017 | PriorYear3Yr |
| Qualifying Distributions | $1,967,304 | QualifyingDistributionsAmt |
| Applied To Year1 | $1,907,371 | AppliedToYear1Amt |
| Applied To Current Year | $59,933 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Undistributed Income CY | $2,415,729 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $0 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Michael R Stone | ContributingManagerNm |
| Contributing Manager | KAREN M STONE | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (23 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| BIG BROTHERS BIG SISTERS OF SAN DIEGO COUNTY INC | |||||||
| 4305 UNIVERSITY AVE STE 590 | SAN DIEGO | CA | 92105 | N/A | PC | General & Unrestricted | $32,000 |
| BISHOPS SCHOOL | |||||||
| 7607 LA JOLLA BLVD | LA JOLLA | CA | 92037 | N/A | PC | General & Unrestricted | $10,000 |
| CAMP SOUTHERN GROUND INC | |||||||
| 100 SOUTHERN GROUND PKWY | FAYETTEVILLE | GA | 30215 | N/A | PC | General & Unrestricted | $50,000 |
| CHILD MIND INSTITUTE INC | |||||||
| 101 E 56TH ST | NEW YORK | NY | 10022 | N/A | PC | General & Unrestricted | $2,500 |
| DENTAL HYGIENE ASSOCIATES | |||||||
| 1415 L ST SUITE 1000 | SACRAMENTO | CA | 95814 | N/A | PC | To be used at the direction of President Heidi Coggan | $7,500 |
| DUKE UNIVERSITY | |||||||
| PO BOX 90581 | DURHAM | NC | 27708 | N/A | PC | Duke Nicholas School of the Environment (NSOE), Dean's Discretion | $100,000 |
| DUKE UNIVERSITY | |||||||
| PO BOX 90581 | DURHAM | NC | 27708 | N/A | PC | Duke Presidential Priorities Fund | $250,000 |
| DUKE UNIVERSITY | |||||||
| PO BOX 90581 | DURHAM | NC | 27708 | N/A | PC | Duke Athletics | $400,000 |
| DUKE UNIVERSITY | |||||||
| PO BOX 90581 | DURHAM | NC | 27708 | N/A | PC | Duke Library Annual Fund | $40,000 |
| DUKE UNIVERSITY | |||||||
| PO BOX 90581 | DURHAM | NC | 27708 | N/A | PC | Duke Lemur Center | $25,000 |
| DUKE UNIVERSITY | |||||||
| PO BOX 90581 | DURHAM | NC | 27708 | N/A | PC | Duke Fuqua School of Business | $560,000 |
| KAREN WYCKOFF REIN IN SARCOMA | |||||||
| 7401 CENTRAL AVE NE SUITE A | FRIDLEY | MN | 55432 | N/A | PC | General & Unrestricted | $7,500 |
| LIBRARY OF CONGRESS | |||||||
| 101 INDEPENDENCE AVE SE | WASHINGTON | DC | 20540 | N/A | GOV | General & Unrestricted | $25,000 |
| NATIONAL MULTIPLE SCLEROSIS SOCIETY | |||||||
| 733 THIRD AVE | NEW YORK | NY | 10017 | N/A | PC | General & Unrestricted | $1,000 |
| NORWALK GRASSROOTS TENNIS & EDUCATION INC | |||||||
| 11 INGALLS AVE | NORWALK | CT | 06854 | N/A | PC | General & Unrestricted | $150,000 |
| SHELBURNE FARMS | |||||||
| 1611 HARBOR RD | SHELBURNE | VT | 05482 | N/A | PC | General & Unrestricted | $43,000 |
| SHELBURNE MUSEUM INCORPORATED | |||||||
| PO BOX 10 | SHELBURNE | VT | 05482 | N/A | PC | General & Unrestricted | $10,000 |
| SPONSORS FOR EDUCATIONAL OPPORTUNITY INC | |||||||
| 55 EXCHANGE PL | NEW YORK | NY | 10005 | N/A | PC | General & Unrestricted | $10,000 |
| THE GILLISPIE SCHOOL | |||||||
| 7380 GIRARD AVE | LA JOLLA | CA | 92037 | N/A | PC | General & Unrestricted | $12,500 |
| U C SAN DIEGO FOUNDATION | |||||||
| 9500 GILMAN DR MAIL CODE 0853 | LA JOLLA | CA | 92093 | N/A | PC | To support Scripps Institution of Oceanography and to be used at the discretion of the SIO Director | $75,000 |
| UNITED JEWISH APPEAL FEDERATION OF JEWISH PHILANTH | |||||||
| PO BOX 4227 | NEW YORK | NY | 10261 | N/A | PC | General & Unrestricted | $1,250 |
| UNIVERSITY OF CHICAGO | |||||||
| 5801 S ELLIS AVE | CHICAGO | IL | 60637 | N/A | PC | Carbon Vault Initiative | $12,340 |
| VOICES FOR CHILDREN | |||||||
| 2851 MEADOW LARK DR | SAN DIEGO | CA | 92123 | N/A | PC | General & Unrestricted | $43,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,867,590 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $2,122 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $28,214 | 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 |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 525990 | BusinessCd |
| Unrelated Business Taxbl Incm | $15,870 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $2,155,776 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp (3 entries)
| DescDesc | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|---|---|
| K-1 Inc/Loss | 525990 | $1,393 | 14 | $1,379,862 |
| Federal Tax Refund | 01 | $107 | ||
| INTEREST INCOME FROM NOTES RECEIVABLE | 14 | $3,439,423 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $17,263 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $7,005,504 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $7,022,767 | 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 | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|
| Ptolemy Capital LLC | ||||||
| 1 | 1250 Prospect St Suite 200 | La Jolla | CA | 92037 | $4,363,995 | Yes (X) |
| Stone Family Trust dated April 24 | ||||||
| 2 | 1250 Prospect St Suite 200 | La Jolla | CA | 92037 | $136,011 | Yes (X) |
| Stone Michael R | ||||||
| 3 | 1505 Buckingham Drive | La Jolla | CA | 92037 | $96,532 | Yes (X) |
Non Cash Property Contribution NonCashPropertyContributionGrp (6 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | ACCEL ENTERTAINMENT ORD SHS CLASS A 1 ACEL, 17783 sh. | $189,478 | 2021-03-22 |
| 1 | COINBASE GLOBAL COIN, 7500 sh. | $2,088,262 | 2021-05-10 |
| 1 | COINBASE GLOBAL COIN, 5000 sh. | $1,087,775 | 2021-07-19 |
| 1 | INTUIT INTU, 2000 sh. | $998,480 | 2021-07-19 |
| 2 | ACCEL ENTERTAINMENT ORD SHS CLASS A 1 ACEL, 12892 sh. | $136,011 | 2021-03-23 |
| 3 | ACCEL ENTERTAINMENT ORD SHS CLASS A 1 ACEL, 9150 sh. | $96,532 | 2021-03-23 |
Depreciation Schedule DepreciationSchedule
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp (3 entries)
| IdentifierIdentifierTxt | Form And Line ReferenceFormAndLineReferenceDesc | Medium ExplanationMediumExplanationTxt |
|---|---|---|
| FORM 926 | FORM 926 | THE FOUNDATION HAS PREPARED THESE FORMS TO THE BEST OF ITS ABILITY BASED ON THE LIMITED INFORMATION PROVIDED TO IT BY THE INVESTMENT ON WHICH THE FOUNDATION IS REPORTING AND ON THE BASIS OF HAVING RECEIVED NO INFORMATION TO THE CONTRARY. ANY MISSING OR INCOMPLETE INFORMATION IS DUE TO THE FOUNDATION'S INABILITY TO OBTAIN SUCH INFORMATION AND IS NOT A WILLFUL ATTEMPT TO WITHHOLD SUCH INFORMATION. |
| FORM 8865 | FORM 8865 | THE FOUNDATION HAS PREPARED THIS FORM TO THE BEST OF ITS ABILITY BASED ON THE LIMITED INFORMATION PROVIDED TO IT BY THE INVESTMENT ON WHICH THE FOUNDATION IS REPORTING AND ON THE BASIS OF HAVING RECEIVED NO INFORMATION TO THE CONTRARY. ANY MISSING OR INCOMPLETE INFORMATION IS DUE TO THE FOUNDATION'S INABILITY TO OBTAIN SUCH INFORMATION AND IS NOT A WILLFUL ATTEMPT TO WITHHOLD SUCH INFORMATION. |
| PART I, LINE 6A | PART I LINE 6A | RECONCILIATION OF NET GAIN/(LOSS) FROM SALES OF ASSETS NOT INCLUDED IN PART IV TOTAL INCLUDED IN PART IV: (DETAILS BELOW) NET GAIN/(LOSS): $2,155,776 TOTAL NOT INCLUDED IN PART IV: PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - UBI NET GAIN/(LOSS): $15,870 TOTAL PART I, LINE 6A: $2,171,646 DETAILS OF ASSETS INCLUDED IN PART IV: PUBLICLY-TRADED SECURITIES GROSS SALES PRICE: $12,632,892 BOOK BASIS: $12,723,917 NET GAIN/(LOSS): $(91,025) PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - NON UBI NET GAIN/(LOSS): $1,253,605 SALES OF OTHER ITEMIZED ASSETS GROSS SALES PRICE: $7,977,965 BOOK BASIS: $6,984,769 NET GAIN/(LOSS): $993,196 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (3 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ALLOGENE THERAPEUTICS INC | $5,294 | $11,742 |
| COLUMBIA FDS INSTI TR CMG ULTR | $3,390,993 | $3,379,752 |
| COUPANG ORD SHS CL A | $199,294 | $1,343,959 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (20 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| BETA TECHNOLOGIES | $365,000 | $365,000 |
| FS BOULDERING LLC | $2,896,538 | $3,000,000 |
| GLOBAL SAFE WATER SRVCS PTE.LT | $262,901 | $125,000 |
| KAYNE ANDERSON REAL ESTATE DEB | $732,681 | $730,545 |
| LAUNCHTIME III LLC | $1,355 | $551 |
| MIT PRIVATE EQUITY FUND IV, LP | $18,831 | $19,323 |
| PROSPECTOR SPONSOR LLC | $600,000 | $600,000 |
| REO HOMES 3, LLC | $2,000,000 | |
| TARRANT UPGRADE, LP | $653,965 | $652,178 |
| THE RISE FUND (A), L.P | $2,094,049 | $3,498,481 |
| THE RISE FUND AIRSTREAM AIV LL | $119,354 | $203,720 |
| THE RISE FUND AIV II LP | $1,076,555 | $1,524,512 |
| THE RISE FUND CARTHAGE AIV II | $95,066 | $185,562 |
| THE RISE FUND DE AIV II, LP | $75,279 | $408,744 |
| THE RISE FUND WILD AIV I LP | $107,582 | $76,796 |
| THE RISE FUND WILD AIV II LP | $107,582 | $76,825 |
| TOP EQUITY II-A, L.P | $23,452 | $25,000 |
| TPG CLO ADVISERS EQUITY II LP | $2,531,841 | $1,750,000 |
| TPG GROWTH SPECTRE CO-INVEST, | ||
| MULLIGAN FUNDING LLC - NET ADV | $20,065,309 | $24,315,628 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (17 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Administrative Fees | $42,500 | $42,500 | |
| Bank Charges | $10 | $10 | |
| K-1 Exp FS BOULDERING LLC | $126,644 | $103,287 | |
| K-1 Exp KAYNE ANDERSON REAL ES | $19,043 | $19,043 | |
| K-1 Exp LAUNCHTIME III LLC | $363 | $363 | |
| K-1 Exp MIT PRIVATE EQUITY FUN | $537 | $427 | |
| K-1 Exp TARRANT UPGRADE, LP | $3,336 | $3,324 | |
| K-1 Exp THE RISE FUND (A), L.P | $64,596 | $63,449 | |
| K-1 Exp THE RISE FUND AIRSTREA | $211 | $211 | |
| K-1 Exp THE RISE FUND AIV II L | $12,877 | $10,578 | |
| K-1 Exp THE RISE FUND CARTHAGE | $138 | $138 | |
| K-1 Exp THE RISE FUND DE AIV I | $637 | $357 | |
| K-1 Exp TOP EQUITY II-A, L.P | $642 | $642 | |
| K-1 Exp TPG CLO ADVISERS EQUIT | $15,787 | $15,787 | |
| K-1 Exp TPG GROWTH SPECTRE CO- | $17 | $17 | |
| CARBON CREDIT EXPENSE | $14,250 | $14,250 | |
| State or Local Filing Fees | $25 | $25 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (12 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| K-1 Inc/Loss FS BOULDERING LLC | $23,182 | $23,182 |
| K-1 Inc/Loss FS SUJA HOLDINGS LLC | $673,548 | $673,548 |
| K-1 Inc/Loss KAYNE ANDERSON REAL ESTATE DEBT, L.P | $125,718 | $125,718 |
| K-1 Inc/Loss MIT PRIVATE EQUITY FUND IV, LP | -$137 | -$8 |
| K-1 Inc/Loss THE RISE FUND (A), L.P | $65,097 | $65,078 |
| K-1 Inc/Loss THE RISE FUND AIV II LP | -$4,596 | -$5,161 |
| K-1 Inc/Loss THE RISE FUND DE AIV II, LP | $905 | $8 |
| K-1 Inc/Loss TOP EQUITY II-A, L.P | $57 | $16 |
| K-1 Inc/Loss TPG CLO ADVISERS EQUITY II LP | $497,464 | $497,464 |
| K-1 Inc/Loss TPG GROWTH SPECTRE CO-INVEST, LP | $17 | $17 |
| Federal Tax Refund | $107 | |
| Interest Income from Notes Receivable | $3,439,423 | $3,439,423 |
Other Notes Loans Rcvbl Long Sch OtherNotesLoansRcvblLongSch
Other Notes Loans Rcvbl Long OtherNotesLoansRcvblLongGrp
Borrower Name BorrowerNameGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ME TO WE SOCIAL ENTERPRISES INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Loan Original | $2,250,000 | LoanOriginalAmt |
| Balance Due | $250,020 | BalanceDueAmt |
| Note | 2015-12 | NoteDt |
| Loan Maturity | 2025-12 | LoanMaturityDt |
| Repayment Terms | SEMI-ANNUAL INTEREST/PRINCIPAL 8TH-10TH YR | RepaymentTermsTxt |
| Interest | 225. | InterestRt |
| Security Provided Borrower | SECURITY INTEREST IN PERSONAL AND REAL PROPERTY | SecurityProvidedBorrowerTxt |
| Loan Purpose | INVESTMENT | LoanPurposeTxt |
| Lender Consideration | CASH & NOTE | LenderConsiderationDesc |
| Consideration FMV | $2,250,000 | ConsiderationFMVAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Investment Management Services | $3,726 | $3,726 | |
| WATER WELL DRILLING SERVICES | $16,000 | $16,000 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt |
|---|---|
| 990-PF Estimated Tax for 2021 | $41,600 |
| 990-T Extension for 2020 | $11,000 |
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