GARY E MILGARD FAMILY FOUNDATION-LORI: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- GARY E MILGARD FAMILY FOUNDATION-LORI (EIN 81-1344384)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-10-21
- IRS object ID
- 202232949349100418
- 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
- Accounting Fees Schedule
- General Explanation Attachment
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-10-21T15:58:40-05:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 911194016 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLARK NUBER PS | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10900 NE 4TH STREET SUITE 1400 | AddressLine1Txt |
| City | BELLEVUE | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98004 | 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 | 811344384 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GARY E MILGARD FAMILY FOUNDATION-LORI | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GARY | BusinessNameControlTxt |
| Phone | 2532740121 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1701 COMMERCE STREET | AddressLine1Txt |
| City | TACOMA | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98402 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LORI MILGARD | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 2532740121 | PhoneNum |
| Signature | 2022-10-07 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | LORI | PersonFirstNm |
| Person Last | MILGARD | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JENNIFER BECKER HARRIS | PreparerPersonNm |
| PTIN | P00183358 | PTIN |
| Phone | 4254544919 | PhoneNum |
| Preparation | 2022-10-07 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $64,069,870 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $2,011,646 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,376,214 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $1,631,299 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $5,209,031 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $1,784,869 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $0 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $98 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $3,642,945 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $3,161,181 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $230,403 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $230,403 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $30,682 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $30,682 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $83,639 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $77,975 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $5,744 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $5,744 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $20,687 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $20,687 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $149,728 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $146,383 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $3,345 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $64,775 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $12,353 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $1,422 | TaxesDsbrsChrtblAmt |
| Occupancy Rev And Expnss | $2,333 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $0 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $2,333 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $3,069 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $3,069 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $21,405 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $21,370 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $612,465 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $158,736 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $397,030 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $2,200,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $2,200,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,812,465 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $158,736 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $2,597,030 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $830,480 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $3,002,445 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $112,733 | CashBOYAmt |
| Cash EOY | $14,703 | CashEOYAmt |
| Cash EOYFMV | $14,703 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $221,891 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $246,464 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $246,464 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $1,949,774 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $2,011,108 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $2,011,108 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $50,677,618 | CorporateStockBOYAmt |
| Corporate Stock EOY | $55,409,809 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $55,409,809 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $1,268,627 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $1,350,988 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $1,350,988 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $4,354,835 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $5,036,798 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $5,036,798 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $58,585,478 | TotalAssetsBOYAmt |
| Total Assets EOY | $64,069,870 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $64,069,870 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $105 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $5,804 | AccountsPayableEOYAmt |
| Other Liabilities BOY | $165,600 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $237,100 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $165,705 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $242,904 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $58,419,773 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $63,826,966 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $58,419,773 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $63,826,966 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $58,585,478 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $64,069,870 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $58,419,773 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $830,480 | ExcessRevenueOverExpensesAmt |
| Other Increases | $4,648,213 | OtherIncreasesAmt |
| Subtotal | $63,898,466 | SubtotalAmt |
| Other Decreases | $71,500 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $63,826,966 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | Cost Or Other BasisCostOrOtherBasisAmt |
|---|---|---|---|---|---|---|
| CAPITAL GAIN DISTRIBUTION | 2020-01-01 | 2021-12-31 | $129,464 | $129,464 | $129,464 | |
| PUBLICLY TRADED SECURITIES | 2020-01-01 | 2021-12-31 | $5,079,567 | $1,655,405 | $1,655,405 | $3,424,162 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $1,784,869 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $41,734 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $41,734 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $41,734 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $49,680 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $5,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $54,680 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $12,946 | OverpaymentAmt |
| Applied To ES Tax | $12,946 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | WA | OrgReportOrRegisterStateCd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.GARYMILGARDFAMILYFOUNDATION.ORG | WebsiteAddressTxt |
| Individual With Books | TREV COOKSON | IndividualWithBooksNm |
| Phone | 2532740121 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1701 COMMERCE STREET | AddressLine1Txt |
| City | TACOMA | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98402 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | Yes (1) | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | Yes (1) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | Yes (1) | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 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 |
|---|---|---|---|---|---|---|---|---|
| CHRISTINE ZEMANEK | ||||||||
| 1701 COMMERCE STREET | TACOMA | WA | 98402 | PRESIDENT | 7.20 | $68,759 | $11,023 | $302 |
| LORI MILGARD | ||||||||
| 1701 COMMERCE STREET | TACOMA | WA | 98402 | SECRETARY | 40.00 | $0 | $15,968 | $0 |
| SCOTT EHLERS | ||||||||
| 1701 COMMERCE STREET | TACOMA | WA | 98402 | VICE PRESIDENT | 40.00 | $25,000 | $7,751 | $0 |
| LINDSAY TRAPP | ||||||||
| 1701 COMMERCE STREET | TACOMA | WA | 98402 | EXECUTIVE DIRECTOR & TREASURER | 40.00 | $136,644 | $13,151 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MORGAN STANLEY SMITH BARNEY HOLDINGS LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 NEW YORK PLAZA 12TH FL | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10004 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | INVESTMENT MANAGEMENT | ServiceTypeTxt |
| Compensation | $146,383 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $57,187,926 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $92,883 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $4,354,835 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $61,635,644 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $61,635,644 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $924,535 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $60,711,109 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $3,035,555 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $3,035,555 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $41,734 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $41,734 | TotalTaxAmt |
| Distributable Before Adj | $2,993,821 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $2,993,821 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $2,993,821 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $2,597,030 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $2,597,030 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $2,993,821 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $2,342,415 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $2,597,030 | QualifyingDistributionsAmt |
| Applied To Year1 | $2,342,415 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $254,615 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $2,739,206 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | EXCLUSIVELY ACCEPTED ONLINE VIA WWW | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1701 COMMERCE STREET | AddressLine1Txt |
| City | TACOMA | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98042 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 2532740121 | RecipientPhoneNum |
| Form And Info And Materials | A LETTER OF INQUIRY IS THE FIRST STEP IN THE GRANT APPLICATION PROCESS. THE LETTER OF INQUIRY IS REVIEWED, AND IF APPROVED, THE APPLICANT WILL BE REQUESTED TO PROVIDE A FULL APPLICATION. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | THERE IS NO DEADLINE FOR SUBMITTING A LETTER OF INQUIRY. | SubmissionDeadlinesTxt |
| Restrictions On Awards | ALL APPLICANT ORGANIZATIONS MUST QUALIFY AS TAX-EXEMPT ORGANIZATIONS UNDER THE INTERNAL REVENUE CODE. CERTAIN PROPOSALS ARE INELIGIBLE FOR FUNDING, SUCH AS: ANNUAL FUNDS, GALAS, OR OTHER SPECIAL EVENT FUNDRAISING ACTIVITIES; SECTARIAN RELIGIOUS ACTIVITIES, DEBT REDUCTION, POLITICAL LOBBYING, OR LEGISLATIVE ACTIVITIES; AND ORGANIZATIONS THAT DISCRIMINATE ON THE BASIS OF AGE, RACE, NATIONAL ORIGIN, ETHNICITY, GENDER, POLITICAL AFFILIATION OR RELIGIOUS BELIEF. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (55 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|
| 826LA | |||||||
| 1714 WEST SUNSET BLVD | LOS ANGELES | CA | 90026 | PC: 509(A)(1) OR (A) | TUTORING PROGRAM | $25,000 | |
| AFTER-SCHOOL ALL-STARS | |||||||
| 5900 WILSHIRE BLVD SUITE 2000 | LOS ANGELES | CA | 90036 | PC: 509(A)(1) OR (A) | AFTER-SCHOOL PROGRAMS | $50,000 | |
| ALZHEIMER'S GREATER LOS ANGELES | |||||||
| 4221 WILSHIRE BOULEVARD SUITE 400 | LOS ANGELES | CA | 90010 | PC: 509(A)(1) OR (A) | COVID FAMILY SUPPORT | $24,949 | |
| ANGEL CITY ALLIANCE | |||||||
| 2355 WESTWOOD AVENUE 1139 | LOS ANGELES | CA | 90064 | PC: 509(A)(1) OR (A) | ANGEL CITY SPORTS PROGRAM | $50,000 | |
| ANIMAL RESCUE MISSION | |||||||
| 1125 N FAIRFAX AVE UNIT 461572 | HOLLYWOOD | CA | 90046 | PC: 509(A)(1) OR (A) | ANIMAL SUPPORT PROGRAM | $20,000 | |
| AWAKENING RECOVERY | |||||||
| 1310 N STANLEY AVE | LOS ANGELES | UT | 90046 | PC: 509(A)(1) OR (A) | RESIDENT SCHOLARSHIPS | $10,000 | |
| BEST FRIENDS ANIMAL SOCIETY | |||||||
| 5001 ANGEL CANYON RD | KANAB | CA | 84741 | PC: 509(A)(1) OR (A) | BEST FRIENDS LOS ANGELES | $20,000 | |
| BOYS & GIRLS CLUB OF VENICE | |||||||
| 2232 LINCOLN BLVD | BLVD VENICE | CA | 90291 | PC: 509(A)(1) OR (A) | ONSITE/ONLINE PROGRAMMING | $49,000 | |
| BOYS & GIRLS CLUB OF W SAN GABRIEL VALLEY | |||||||
| 328 S RAMONA AVE | MONTEREY PARK | CA | 91754 | PC: 509(A)(1) OR (A) | MANNERS MATTER/MINDING MANNERS | $87,500 | |
| BOYS & GIRLS CLUB OF W SAN GABRIEL VALLEY | |||||||
| 328 S RAMONA AVE | MONTEREY PARK | CA | 91754 | PC: 509(A)(1) OR (A) | 2021 THANKS FOR GIVING | $140,000 | |
| CASA OF LOS ANGELES | |||||||
| 201 CENTRE PLAZA DRIVE SUITE 1100 | MONTEREY PARK | CA | 91754 | PC: 509(A)(1) OR (A) | CASA/LA GENERAL ADVOCACY | $30,000 | |
| CASA YOUTH SHELTER | |||||||
| 10911 REAGAN STREET | LOS ALAMITOS | CA | 90720 | PC: 509(A)(1) OR (A) | RESIDENTIAL SHELTER CARE | $15,000 | |
| CATHOLIC CHARITIES OF LOS ANGELES INC | |||||||
| 1531 JAMES M WOOD BOULEVARD | LOS ANGELES | CA | 90015 | PC: 509(A)(1) OR (A) | LANDING AT ST. ROBERTS CTR | $35,000 | |
| CHAMBERS CREEK FOUNDATION | |||||||
| PO BOX 65357 | UNIVERSITY PLACE | WA | 984641357 | PC: 509(A)(1) OR (A) | GENERAL OPERATING SUPPORT | $5,000 | |
| CHP 11-99 FOUNDATION | |||||||
| 3188 AIRWAY AVE SUITE C | COSTA MESA | CA | 92626 | PC: 509(A)(1) OR (A) | EDUCATION PROGRAM | $10,000 | |
| CHRYSALIS | |||||||
| 522 S MAIN STREET | LOS ANGELES | CA | 90013 | PC: 509(A)(1) OR (A) | EMPLOYMENT PROGRAM | $50,000 | |
| CITY YEAR LOS ANGELES | |||||||
| 606 SOUTH OLIVE ST 2ND FLOOR | LOS ANGELES | CA | 90014 | PC: 509(A)(1) OR (A) | WHOLE SCHOOL WHOLE CHILD | $10,000 | |
| EXCEPTIONAL CHILDREN'S FOUNDATION | |||||||
| 5350 MACHADO ROAD | CULVER CITY | CA | 90230 | PC: 509(A)(1) OR (A) | KAYNE ERAS SCHOOL | $50,000 | |
| EXTRAORDINARY FAMILIES | |||||||
| 221 N ARDMORE AVENUE | LOS ANGELES | CA | 90004 | PC: 509(A)(1) OR (A) | GENERAL OPERATING | $25,000 | |
| FOOD ON FOOT | |||||||
| 7119 W SUNSET BLVD 290 | LOS ANGELES | CA | 90046 | PC: 509(A)(1) OR (A) | HOUSING & FOOD RESOURCES | $20,000 | |
| GROSSMAN BURN FOUNDATION | |||||||
| 23679 CALABASAS RD SUITE 270 | CALABASAS | CA | 91302 | PC: 509(A)(1) OR (A) | BURN PATIENT CARE/TREATMENT | $20,000 | |
| HARVEST HOME | |||||||
| 2118 WILSHIRE BLVD PMB 358 | SANTA MONICA | CA | 90403 | PC: 509(A)(1) OR (A) | HOUSING PROGRAMS | $5,000 | |
| HEALING CALIFORNIA | |||||||
| 919 SOUTH FREMONT 338 | ALHAMBRA | CA | 91083 | PC: 509(A)(1) OR (A) | DENTAL & VISION CARE | $20,000 | |
| HOLLYWOOD FOOD COALITION | |||||||
| PO BOX 480157 | LOS ANGELES | CA | 90048 | PC: 509(A)(1) OR (A) | COMMUNITY EXCHANGE PROGRAM | $15,000 | |
| HOMEBOY INDUSTRIES | |||||||
| 130 W BRUNO STREET | LOS ANGELES | CA | 90012 | PC: 509(A)(1) OR (A) | 18-MONTH RE-ENTRY PROGRAM | $100,000 | |
| HOMES FOR FAMILIES | |||||||
| 21031 VENTURA BLVD SUITE 610 | WOODLAND HILLS | CA | 91364 | PC: 509(A)(1) OR (A) | VETERANS & MILITARY FAMILIES | $25,000 | |
| JOHN TRACY CLINIC | |||||||
| 2160 WEST ADAMS BLVD | LOS ANGELES | CA | 90018 | PC: 509(A)(1) OR (A) | HEARING LOSS LA CHILDREN | $25,000 | |
| JOURNEY OUT | |||||||
| 7136 HASKELL AVE SUITE 125 | VAN NUYS | CA | 91406 | PC: 509(A)(1) OR (A) | BRIDGE PROGRAM | $20,000 | |
| JOVENES INC | |||||||
| 1208 PLEASANT AVENUE | LOS ANGELES | CA | 90033 | PC: 509(A)(1) OR (A) | COLLEGE SUCCESS INITIATIVE | $50,000 | |
| JUST TEACH | |||||||
| 1076 E FERNROCK | CARSON | CA | 90746 | PC: 509(A)(1) OR (A) | THINK LIKE A GEEK | $25,000 | |
| MALIBU FOUNDATION FOR YOUTH & FAMILIES | |||||||
| 30215 MORNING VIEW DR | MALIBU | CA | 90265 | PC: 509(A)(1) OR (A) | WELLNESS CTR/EMPOWERED VOICES | $50,000 | |
| MANY MANSIONS | |||||||
| 1259 E THOUSAND OAKS BLVD | THOUSAND OAKS | CA | 91362 | PC: 509(A)(1) OR (A) | ADULT & SUPPORTIVE SERVICES | $35,000 | |
| MAPS CHARITIES | |||||||
| 14320 VENTURA BLVD 331 | SHERMAN OAKS | CA | 91423 | PC: 509(A)(1) OR (A) | GENERAL OPERATING SUPPORT | $25,000 | |
| MAR VISTA FAMILY CENTER | |||||||
| 5075 SOUTH SLAUSON AVENUE | CULVER CITY | CA | 90230 | PC: 509(A)(1) OR (A) | CHILDHOOD EDUCATION PROGRAM | $10,000 | |
| MY FRIEND'S PLACE | |||||||
| PO BOX 3867 | LOS ANGELES | CA | 90078 | PC: 509(A)(1) OR (A) | COVID-19 RESPONSE/HOMELESS YOUTH | $75,000 | |
| NEW BEGINNINGS INCORPORATION | |||||||
| NEW BEGINNINGS TRANSITIONAL | REDONDO BEACH | CA | 90277 | PC: 509(A)(1) OR (A) | RAPID REHOUSING-RENTAL ASSISTANCE | $20,000 | SERVICES 205 AVENUE I SUITE 8 |
| NEW DIRECTIONS FOR VETERANS | |||||||
| 11303 WILSHIRE BLVD BLDG 116 | LOS ANGELES | CA | 90073 | PC: 509(A)(1) OR (A) | HOUSING HOMELESS VETERANS | $100,000 | |
| ONE VOICE | |||||||
| 1228 15TH ST SUITE C | SANTA MONICA | CA | 90404 | PC: 509(A)(1) OR (A) | FAMILY ASSISTANCE PROGRAM | $11,810 | |
| ONEGENERATION | |||||||
| 17400 VICTORY BLVD | VAN NUYS | CA | 91406 | PC: 509(A)(1) OR (A) | GAP SERVICES PROGRAM | $30,000 | |
| OREGON STATE UNIVERSITY FOUNDATION | |||||||
| 4238 SW RESEARCH WAY | CORVALLIS | OR | 973331068 | PC: 509(A)(1) OR (A) | GENERAL OPERATING SUPPORT | $5,000 | |
| PATH | |||||||
| 340 N MADISON AVENUE | LOS ANGELES | CA | 90004 | PC: 509(A)(1) OR (A) | FAMILY CONNECTIONS | $15,000 | |
| PROJECT ANGEL FOOD | |||||||
| 922 VINE STREET | LOS ANGELES | CA | 90038 | PC: 509(A)(1) OR (A) | MEAL & NUTRITION SERVICES | $50,000 | |
| PROJECT MIRACLE | |||||||
| 9301 WILSHIRE BLVD SUITE 507 | BEVERLY HILLS | CA | 90210 | PC: 509(A)(1) OR (A) | EXPRESSIVE ARTS FOR ALL | $50,000 | |
| PROJECT ROPA | |||||||
| 4712 ADMIRALTY WAY 1226 | MARINA DEL REY | CA | 90292 | PC: 509(A)(1) OR (A) | MOBILE HYGIENE,CLOTHING BANK | $5,000 | |
| RESCUE MISSION ALLIANCE | |||||||
| DBA SAN FERNANDO VALLEY RESCUE | NORTHRIDGE | CA | 91325 | PC: 509(A)(1) OR (A) | FAMILY SUCCESS CENTER | $20,000 | MISSION 8756 CANBY AVE |
| SANTA MONICA HIGH SCHOOL BASEBALL | |||||||
| 601 PICO BLVD | SANTA MONICA | CA | 90405 | PC: 509(A)(1) OR (A) | BASEBALL PROGRAM | $49,741 | |
| SLOAN STEPHENS FOUNDATION | |||||||
| 4538 CAMELLIA AVE | STUDIO CITY | CA | 91602 | PC: 509(A)(1) OR (A) | LOVE, LOVE COMPTON | $20,000 | |
| ST JOSEPH CENTER | |||||||
| 204 HAMPTON DRIVE | VENICE | CA | 90291 | PC: 509(A)(1) OR (A) | BREAD & ROSES PANTRY | $50,000 | |
| STARS-ILLUMINATEEDUCATEADVOCATE | |||||||
| 712 EAST VILLA | PASADENA | CA | 91101 | PC: 509(A)(1) OR (A) | TUTORING & MENTORING | $50,000 | |
| SU CASA - ENDING DOMESTIC VIOLENCE | |||||||
| 3750 E ANAHEIM STREET SUITE 100 | LONG BEACH | CA | 90804 | PC: 509(A)(1) OR (A) | GENERAL OPERATING | $47,000 | |
| THE LITTLE MARKET | |||||||
| 3400 S SUSAN ST UNIT B | SANTA ANA | CA | 92704 | PC: 509(A)(1) OR (A) | UPLIFTING WOMEN GLOBALLY | $200,000 | |
| THE SALVATION ARMY | |||||||
| DVISIONAL HEADQUARTERS 16941 KEEGAN | CARSON | CA | 90746 | PC: 509(A)(1) OR (A) | LONG BEACH RED SHIELD ATHLETIC | $50,000 | AVENUE |
| UNION RESCUE MISSION | |||||||
| 545 S SAN PEDRO STREET | LOS ANGELES | CA | 90013 | PC: 509(A)(1) OR (A) | COVID-19 RESPONSE SERVICES | $100,000 | |
| VISION TO LEARN | |||||||
| 12100 WISHIRE BLVD SUITE 1275 | LOS ANGELES | CA | 90025 | PC: 509(A)(1) OR (A) | LA BOYS & GIRLS CLUB CHILDREN | $50,000 | |
| WORTHY OF LOVE | |||||||
| 4108 DEL REY AVENUE 307 | LOS ANGELES | CA | 90292 | PC: 509(A)(1) OR (A) | PROGRAM FOR TWO SHELTERS | $50,000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $2,200,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $2,011,646 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $1,631,299 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $3,642,945 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $3,642,945 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $20,687 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $20,687 | DisbursementsCharitablePrpsAmt |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SELF DEALING | IdentifierTxt |
| Form And Line Reference | PART VII-B, LINE 1B | FormAndLineReferenceDesc |
| Medium Explanation | AN INADVERTENT ACT OF SELF-DEALING WAS DISCOVERED FOR A DISQUALIFIED PERSON RECEIVING FOUNDATION CREDIT FOR PERSONAL EXPENDITURES. THE FOUNDATION HAS A CELL PHONE PLAN THAT PROVIDES EMPLOYEES WITH CELL PHONES FOR FOUNDATION BUSINESS. THE CELL PHONE PLAN WAS ALSO OFFERED TO FAMILY MEMBERS OF THESE INDIVIDUALS, WHERE THE FOUNDATION EMPLOYEES REIMBURSED THE FOUNDATION THROUGH A RECURRING PAYROLL REIMBURSEMENT FOR THE ADDITIONAL PLAN CHARGES FOR THEIR FAMILY MEMBERS. ONE OF THESE FOUNDATION EMPLOYEES PARTICIPATING IN THE CELL PHONE PLAN IS A DISQUALIFIED PERSON OF THE FOUNDATION. AS A RESULT, THE REIMBURSEMENT OF MONTHLY CELL PHONE CHARGES FOR THE PHONE LINES OF FAMILY MEMBERS OF A DISQUALIFIED PERSON RESULTS IN AN ACT OF SELF-DEALING. THE TOTAL PERSONAL PHONE CHARGE REIMBURSEMENTS FOR 2021 WAS $393.31. THE AMOUNTS WERE REPAID TO THE FOUNDATION ON A BI-WEEKLY BASIS THROUGH A STANDARD PAYROLL DEDUCTION. SINCE THE TRANSACTION IS FOR THE USE OF MONEY, SELF-DEALING IS ON THE GREATER OF THE AMOUNT PAID FOR SUCH USE OR THE FAIR MARKET VALUE OF SUCH USE FOR THE PERIOD FOR WHICH THE MONEY IS USED (REG. 53.4941(E)-1(B)(2)(II)). NO INTEREST WAS CHARGED BY THE FOUNDATION FOR THESE FUNDS, THEREFORE THE 2021 SHORT TERM AFR RATES FOR THE APPLICABLE MONTHS HAVE BEEN USED TO CALCULATE THE AMOUNT INVOLVED FOR SELF-DEALING PURPOSES. DUE TO THE AMOUNTS BEING SMALL, THE BALANCES OUTSTANDING FOR A SHORT NUMBER OF DAYS, AND THE AFR RATES BEING LOW, THE AMOUNT INVOLVED IS ZERO WHEN ROUNDED TO THE NEAREST DOLLAR. THE 10% EXCISE TAX ON THE AMOUNT INVOLVED RESULTS IN SELF-DEALING TAXES OF ZERO. AS A RESULT, NO FORMS 4720 HAVE BEEN FILED BY THE FOUNDATION OR THE DISQUALIFIED PERSON AS NO TAX IS DUE FOR THE YEAR. THE DISQUALIFIED PERSON UNDERSTANDS SUCH TRANSACTIONS MADE BY THE FOUNDATION ARE IMPERMISSIBLE. THE FOUNDATION CELL PHONE PLAN HAS SINCE BEEN TERMINATED AND EACH EMPLOYEE IS NOW REQUIRED TO OBTAIN THEIR OWN PERSONAL PHONE PLAN. AS A RESULT, THIS TRANSACTION WILL NOT OCCUR IN THE FUTURE. THE FOUNDATION ALSO RECEIVES SERVICES FROM DISQUALIFIED PERSONS THROUGH THEIR VOLUNTEER POSITIONS AND PAYS REASONABLE COMPENSATION TO DISQUALIFIED PERSONS. BOTH ACTS FALL WITHIN THE SELF-DEALING EXCEPTIONS DESCRIBED IN REG. 53.4941(D)-3 AND THEREFORE DO NOT RESULT IN ACTS OF SELF-DEALING. | MediumExplanationTxt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | MORGAN STANLEY - CORPORATE BONDS | BondNm |
| EOY Book Value | $1,350,988 | EOYBookValueAmt |
| EOYFMV | $1,350,988 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | MORGAN STANLEY - CORPORATE STOCK | StockNm |
| EOY Book Value | $55,409,809 | EOYBookValueAmt |
| EOYFMV | $55,409,809 | EOYFMVAmt |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $2,011,108 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $2,011,108 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $0 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $0 | StateLocalSecEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| PINEHURST INSTIT LTD CL I | FMV | $3,857,539 | $3,857,539 |
| RIVERVIEW GLBL MACRO (CAY) | FMV | $1,179,259 | $1,179,259 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $5,744 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $5,744 | DisbursementsCharitablePrpsAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEFERRED EXCISE TAX EXPENSE | Desc |
| Amt | $71,500 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INSURANCE | $6,603 | $0 | $6,603 |
| COMPUTER EXPENSE | $2,976 | $0 | $2,976 |
| OFFICE EXPENSE | $4,229 | $0 | $4,194 |
| REPAIRS & MAINTENANCE | $7,031 | $0 | $7,031 |
| EQUIPMENT RENTAL | $530 | $0 | $530 |
| DUES AND SUBSCRIPTIONS | $36 | $0 | $36 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INVESTMENT INCOME | Desc |
| Revenue And Expenses Per Books | $0 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $98 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED GAINS | Desc |
| Amt | $4,648,213 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEFERRED EXCISE TAX | Desc |
| BOY Book Value | $165,600 | BOYBookValueAmt |
| EOY Book Value | $237,100 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | $146,383 | $146,383 | $0 |
| OTHER CONSULTANTS | $3,345 | $0 | $3,345 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| STATE TAXES | $1,422 | $0 | $1,422 |
| FOREIGN TAXES | $12,353 | $12,353 | $0 |
| EXCISE TAXES | $51,000 | $0 | $0 |
Comments