2022-11-03T20:57:13-05:00 2021-12-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2021-01-01 204480084 The Lodestar Foundation % Foundation Source LODE 6029562699 4455 East Camelback Road Phoenix AZ 85018 LOIS SAVAGE PRESIDENT 8008391754 2022-10-25 true LOIS SAVAGE 999009999 Jeffrey D Haskell P01345770 8008391754 2021 2022-09-23 18:48:47Z X 651536 X 1561086 248 248 764 764 -205149 846026 623214 54 54 1357003 624280 0 34055 34055 15 5211 7 7 11220 11220 1672 1672 23986 23986 76166 0 70940 822809 822809 898975 0 893749 458028 624280 79021 67138 67138 112552 582463 584398 191573 649601 651536 0 0 X 191573 649601 191573 649601 191573 649601 191573 458028 649601 649601 Publicly-traded Securities 846026 222812 623214 623214 623214 8677 8677 8677 4100 0 3300 7400 X 0 1277 false false false false false false true true true AZ true false false false false true N/A Foundation Source 8008391754 501 Silverside Road Suite 123 Wilmington DE 198091377 false false false false true false false false false false false false false false false false false false false false false false I Jerome Hirsch 4455 East Camelback Road Phoenix AZ 85018 Dir, Sec 5.0 0 0 0 Lois Savage 4455 East Camelback Road Phoenix AZ 85018 Pres 20.0 0 0 0 388497 118662 0 507159 0 507159 7607 499552 24978 24978 8677 8677 16301 16301 16301 893749 0 0 0 0 893749 16301 2019 2018 2017 792874 1067081 929068 1085977 1011961 4886961 893749 16301 877448 5764409 0 1561086 4203323 298869 929068 1085977 1011961 877448 I Jerome Hirsch X ALLIANCE OF ARIZONA NONPROFITS 333 E OSBORN RD STE 245 PHOENIX AZ 85012 N/A PC Arizona Grantmakers Forum and the Alliance of Arizona Nonprofits 14750 ARIZONA ANTI-TRAFFICKING NETWORK PO BOX 1125 MESA AZ 85211 N/A PC Exploration of merger between Arizona Grantmakers Forum and the Alliance of Arizona Nonprofits (Support for cost of Phase II consultant) 2500 ARIZONA COMMUNITY FOUNDATION - SOCIAL VENTURE PART 2201 E CAMELBACK RD STE 405B PHOENIX AZ 85016 N/A PC General & Unrestricted 5500 ARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMER PO BOX 2260ATTN PAYROLL BENEFITS TEMPE AZ 85281 N/A PC Sandra Day O'Connor College of Law 2021 Gold 'n Gavel 10000 BALBOA PARK CONSERVANCY 1549 EL PRADO STE 1 SAN DIEGO CA 92101 N/A PC Balboa Park Conservancy and Friends of Balboa Park 30000 BRIDGE ALLIANCE EDUCATION FUND 214 S ALLEN ST STATE COLLEGE PA 16801 N/A PC General & Unrestricted 5000 CITIZENS FOR RESPONSIBILITY AND ETHICS IN WASHINGT 1331 F ST NW STE 900 WASHINGTON DC 20004 N/A PC General & Unrestricted 25000 COMMUNITY FOUNDATION OF NORTHEAST IOWA 3117 GREENHILL CIR CEDAR FALLS IA 50613 N/A PC Strategic Volunteer Engagement Initiative 15000 GLOBAL IMPACT 1199 NORTH FAIRFAX ST STE 300 ALEXANDRIA VA 22314 N/A PC Global Giving Circle Directory 15000 NEW VENTURE FUND PO BOX 37734 BALTIMORE MD 21297 N/A PC Infrastructure Research Collaborative Second Phase Fund 25000 POLICY IMPACT 1107 9TH ST STE 500 SACRAMENTO CA 95814 N/A PC General Operations grant to Policy Impact 35000 POPULATION MEDIA CENTER INC 30 KIMBALL AVE STE 302 S BURLINGTON VT 05403 N/A PC To fund Consultant Fee for exploration of global expansion 10000 REPORTERS COMMITTEE FOR FREEDOM OF THE PRESS 1156 15TH ST NW STE 1020 WASHINGTON DC 20005 N/A PC Free Expression Legal Network staff infrastructure Fund 25000 SANDRA DAY OCONNOR INSTITUTE PO BOX 66422 PHOENIX AZ 85082 N/A PC General & Unrestricted 2500 SEACHANGE CAPITAL PARTNERS INC 420 LEXINGTON AVE STE 300 NEW YORK NY 10170 N/A PC National Collaboration Work (2021 Q3) 6250 SEACHANGE CAPITAL PARTNERS INC 420 LEXINGTON AVE STE 300 NEW YORK NY 10170 N/A PC Merger Implementation between I Have a Dream Foundation National Headquarters and New York Affiliate 14222 SEACHANGE CAPITAL PARTNERS INC 420 LEXINGTON AVE STE 300 NEW YORK NY 10170 N/A PC Merger implementation between Vantage Group and Mosaic 7222 SEACHANGE CAPITAL PARTNERS INC 420 LEXINGTON AVE STE 300 NEW YORK NY 10170 N/A PC Merger exploration between Acenda Integrated Health and Daytop New Jersey 8889 SEACHANGE CAPITAL PARTNERS INC 420 LEXINGTON AVE STE 300 NEW YORK NY 10170 N/A PC Merger implementation between TheatreLAB and The Conciliation Project 7333 SEACHANGE CAPITAL PARTNERS INC 420 LEXINGTON AVE STE 300 NEW YORK NY 10170 N/A PC 2021 Operations Fund 25000 SEACHANGE CAPITAL PARTNERS INC 420 LEXINGTON AVE STE 300 NEW YORK NY 10170 N/A PC 2021 Operations Fund 25000 SEACHANGE CAPITAL PARTNERS INC 420 LEXINGTON AVE STE 300 NEW YORK NY 10170 N/A PC Merger exploration between Association for Children with Down Syndrome and Community Mainstreaming Associates 12071 SEACHANGE CAPITAL PARTNERS INC 420 LEXINGTON AVE STE 300 NEW YORK NY 10170 N/A PC 2021 Operations Fund 25000 SEACHANGE CAPITAL PARTNERS INC 420 LEXINGTON AVE STE 300 NEW YORK NY 10170 N/A PC National Collaboration Work (Q4) 6250 SEACHANGE CAPITAL PARTNERS INC 420 LEXINGTON AVE STE 300 NEW YORK NY 10170 N/A PC Implementation of Joint Venture among Low Income Investment Fund, Stewards of Affordable Housing for the Future, and National Affordable Housing Trust 35556 SEACHANGE CAPITAL PARTNERS INC 420 LEXINGTON AVE STE 300 NEW YORK NY 10170 N/A PC Merger exploration by Child and Family Rhode Island and East Bay Community Action Program 17778 SEACHANGE CAPITAL PARTNERS INC 420 LEXINGTON AVE STE 300 NEW YORK NY 10170 N/A PC Merger Implementation between Teen Services Sonoma and Boys & Girls Clubs of Sonoma Valley 8889 SEACHANGE CAPITAL PARTNERS INC 420 LEXINGTON AVE STE 300 NEW YORK NY 10170 N/A PC Merger implementation between International Women's Health Coalition and International Planned Parenthood Federation's Western Hemisphere Region 31111 SEACHANGE CAPITAL PARTNERS INC 420 LEXINGTON AVE STE 300 NEW YORK NY 10170 N/A PC Merger Implementation between I Have a Dream Foundation - National Headquarters and New York Affiliate 6933 SEACHANGE CAPITAL PARTNERS INC 420 LEXINGTON AVE STE 300 NEW YORK NY 10170 N/A PC Merger Exploration between Second Nature and Crane Institute of Sustainability 7556 SEACHANGE CAPITAL PARTNERS INC 420 LEXINGTON AVE STE 300 NEW YORK NY 10170 N/A PC National Repositioning Fund 20000 SEACHANGE CAPITAL PARTNERS INC 420 LEXINGTON AVE STE 300 NEW YORK NY 10170 N/A PC Merger exploration between Next Door and Penfield Children's Center 17778 SEACHANGE CAPITAL PARTNERS INC 420 LEXINGTON AVE STE 300 NEW YORK NY 10170 N/A PC Merger exploration between The Coalition for Behavioral Health and the New York Association of Alcoholism and Substance Abuse Providers 13333 SEACHANGE CAPITAL PARTNERS INC 420 LEXINGTON AVE STE 300 NEW YORK NY 10170 N/A PC Merger implementation between Center for Youth Wellness and Safe and Sound 22222 SEACHANGE CAPITAL PARTNERS INC 420 LEXINGTON AVE STE 300 NEW YORK NY 10170 N/A PC Merger implementation between Connecticut CASA Association and CASA of Southern Connecticut 9111 SEACHANGE CAPITAL PARTNERS INC 420 LEXINGTON AVE STE 300 NEW YORK NY 10170 N/A PC Merger Exploration between Second Nature and Crane Institute of Sustainability 11111 SEACHANGE CAPITAL PARTNERS INC 420 LEXINGTON AVE STE 300 NEW YORK NY 10170 N/A PC Merger implementation between Water For People and IRC WASH 40000 SEACHANGE CAPITAL PARTNERS INC 420 LEXINGTON AVE STE 300 NEW YORK NY 10170 N/A PC 2021 Operations Fund 25000 SEACHANGE CAPITAL PARTNERS INC 420 LEXINGTON AVE STE 300 NEW YORK NY 10170 N/A PC Collaborative exploration grant to the Samuel Waxman Cancer Research Foundation 4444 SEACHANGE CAPITAL PARTNERS INC 420 LEXINGTON AVE STE 300 NEW YORK NY 10170 N/A PC National Collaboration Work (2021 Q1 & Q2) 12500 SOCIAL FINANCE INC 2 ATLANTIC AVE 5TH FL BOSTON MA 02110 N/A PC Phase 1 - to fund LaPiana Associates consulting costs 17500 STAND UP REPUBLIC FOUNDATION INC 1140 3RD ST NE WASHINGTON DC 20003 N/A PC General & Unrestricted 50000 TESSERACT RESEARCH CENTER INC 1629 K ST NW STE 300 WASHINGTON DC 20006 N/A PC General & Unrestricted 25000 THE NISKANEN CENTER INC 820 1ST ST NE STE 675 WASHINGTON DC 20002 N/A PC General & Unrestricted 50000 THE PHILANTHROPY WORKSHOP INC 110 E 25TH ST NEW YORK NY 10010 N/A PC General & Unrestricted 12000 THE SAN DIEGO FOUNDATION 2508 HISTORIC DECATUR RD STE 200 SAN DIEGO CA 92106 N/A PC Merger exploration between The San Diego Foundation and The International Community Foundation 12500 UMOM NEW DAY CENTERS INC 3333 E VAN BUREN ST PHOENIX AZ 85008 N/A PC General & Unrestricted 5000 VALLEYWISE HEALTH FOUNDATION 2901 E CAMELBACK RD STE 202 PHOENIX AZ 85016 N/A PC General & Unrestricted 5000 WIKIMEDIA FOUNDATION INC PO BOX 98204 WASHINGTON DC 20090 N/A PC General & Unrestricted 5000 822809 14 248 14 764 18 -205149 FOREIGN CURRENCY GAIN 01 54 -204083 -204083 false false false false false false false false false false X X 1 Hirsch Investment Partners LLC 4455 E CAMELBACK RD 215A Phoenix AZ 85018 692055 X 2 Hirsch I Jerome 4455 E Camelback Road 215A Phoenix AZ 85018 829031 X 3 Milisci Abbie 5401 E Lafayette Blvd Phoenix AZ 85018 40000 X 1 MEITUAN DIANPING MPNGF, 13000 sh. 692055 2021-02-03 2 JP MORGAN CHASE JPM, 585 sh. 99002 2021-10-28 2 WALT DISNEY HOLDINGS CO DIS, 407 sh. 68976 2021-10-28 2 FREEPORT-MCMORAN COPPER & GOLD INC FCX, 1015 sh. 38255 2021-10-28 2 INTUIT INTU, 100 sh. 61312 2021-10-28 2 HANESBRANDS INC HBI, 2948 sh. 50249 2021-10-28 2 STARWOOD PROPERTY TRUST INC STWD, 1939 sh. 49105 2021-10-28 2 FORTINET INC FTNT, 196 sh. 63535 2021-10-28 2 ALPHABET INC CL A GOOGL, 15 sh. 43768 2021-10-28 2 SOLAREDGE TECHNOLOGIES INC SEDG, 240 sh. 82956 2021-10-28 2 HOULIHAN LOKEY INC HLI, 959 sh. 96782 2021-10-28 2 PIMCO RAE FUNDAMENTAL EMERGING MARKETS PEIFX, 8591 sh. 99742 2021-10-28 2 FREEPORT-MCMORAN COPPER & GOLD INC FCX, 1980 sh. 75349 2021-12-13 Form 990-PF, Part XII, Line 7 Election to Treat Unused Prior Year Corpus Distributions as Current Year C Election to Treat Unused Prior Year Corpus Distributions as Current Year Corpus Distributions Pursuant to Treasury Regulations Section 53.4942(a)-3(c)(2)(iv), The Lodestar Foundation hereby elects to treat, as a current distribution out of corpus, the following unused prior years' distributions that were treated as corpus distributions under Treasury Regulations Section 53.4942(a)-3(d)(1)(iii) in such prior tax years: Tax Year: Amount: 2016 $792,874 2017 $768,212 Total $1,561,086 By: LOIS SAVAGE Title: PRESIDENT Amount Treated as Distributions out of Corpus to Satisfy Section 170(b)(1)(F)(ii) The Lodestar Foundation (the "Foundation") hereby elects to satisfy the requirements of Internal Revenue Code ("Code") Section 170(b)(1)(F)(ii) in respect of contributions $40,000 and publicly traded securities with a value of $1,521,086 on the dates received in the taxable year ending December 31, 2021 (the "Conduit Election Year"), for a total of $1,561,086. To satisfy the requirements of Code Section 170(b)(1)(F)(ii), a private non-operating foundation must: (A) by the end of the Conduit Election Year, distribute any undistributed income from the year immediately preceding the Conduit Election Year; (B) distribute, in the absence of an election under Code Section 4942(h)(2), any undistributed income from the Conduit Election Year by the end of the Conduit Election Year; and (C) make qualifying distributions treated as distributions out of corpus by no later than the 15th day of the third month of the taxable year following the Conduit Election Year in an amount equal to 100 percent of the contributions received by such foundation in the Conduit Election Year. A. Satisfaction of Minimum Distribution Requirement for the Conduit Election Year. As reported on Part XII, Line 2, column (c), the undistributed income for the year immediately preceding the Conduit Election Year is $0. In other words, the Foundation had no undistributed income for 2020. B. Timely Satisfaction of Minimum Distribution Requirement for the Taxable Year following the Conduit Election Year. As reported on Part XII, Line 6f, column (d), the undistributed income for the Conduit Election Year is $0. In other words, the Foundation had no undistributed income for 2021. C. Sufficient Timely Qualified Distributions Made Out of Corpus. To satisfy the requirements of Internal Revenue Code Section 170(b)(1)(F)(ii), the Foundation had until March 15, 2022, the 15th day of the third month of the taxable year following the Conduit Election Year, to make distributions out of corpus in an amount equal to 100 percent of the contributions received by it in the Conduit Election Year, $1,561,086 As reported on Part XII, Line 7, the Foundation is treating $1,561,086, as a current distribution out of corpus in full satisfaction of the requirements of Code Section 170(b)(1)(F)(ii) in respect of the Conduit Election Year. The Foundation has attached the necessary election, pursuant to Treasury Regulations Section 53.4942(a)-3(c)(2)(iv), to treat $1,561,086 of its unused prior years' corpus distributions, as a current distribution out of corpus. ALPHABET INC CL A 43768 43456 FORTINET INC 63535 70442 FREEPORT-MCMORAN COPPER & GOLD 113604 124981 HANESBRANDS INC 50249 49291 HOULIHAN LOKEY INC 75589 77536 INTUIT 30656 32161 JP MORGAN CHASE 46540 43546 SOLAREDGE TECHNOLOGIES INC 40441 32827 STARWOOD PROPERTY TRUST INC 49105 47118 WALT DISNEY HOLDINGS CO 68976 63040 As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2021, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $822,809. This amount represents 25% or more of the Foundation's net assets of $196,634 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2021. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein. Administrative Fees 10800 10800 Computers/Electronic Devices 2611 2611 Foundation Dues & Memberships 9830 9830 CREDIT CARD ANNUAL FEE 50 50 Registered Agent Fee 265 265 State or Local Filing Fees 10 10 Website Hosting/Support 420 420 Foreign Currency Gain 54 54 Philanthropic Consulting Srvcs 18986 18986 Website Development 15069 15069 990-PF Estimated Tax for 2021 4100 990-PF Excise Tax for 2020 1 990-PF Extension for 2020 1110