POLSKY FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
POLSKY FOUNDATION (EIN 65-1164639)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-15
IRS object ID
202243199349101954
Schema version
2021v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-11-15T08:43:21-06:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MILLER COOPER & CO LTDBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11751 Lake Cook Road Suite 400AddressLine1Txt
CityDeerfieldCityNm
State AbbreviationILStateAbbreviationCd
ZIP60015ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN651164639EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Polsky FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% MICHAEL P POLSKYInCareOfNm
Business Name ControlPOLSBusinessNameControlTxt
Phone3125821405PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1One South Wacker Drive Suite 1810AddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60606ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL POLSKYPersonNm
Person TitleOFFICERPersonTitleTxt
Phone3125821402PhoneNum
Signature2022-11-08SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstMICHAELPersonFirstNm
Person LastPOLSKYPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDaphne McCoyPreparerPersonNm
PTINP00223571PTIN
Phone8472055000PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$64,677,458FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$47,598,347ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$5,922InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$5,922InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$1,537DividendsRevAndExpnssAmt
Dividends Net Invst Incm$1,537DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$110,853NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$5,227,311GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$110,853CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$811,771OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$742,815OtherIncomeNetInvstIncmAmt
Other Income Adj Net Incm$0OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$48,528,430TotalRevAndExpnssAmt
Total Net Invst Incm$861,127TotalNetInvstIncmAmt
Total Adj Net Incm$0TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Legal Fees Rev And Expnss$9,101LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$9,101LegalFeesNetInvstIncmAmt
Legal Fees Adj Net Incm$0LegalFeesAdjNetIncmAmt
Legal Fees Dsbrs Chrtbl$0LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$4,750AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$4,750AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$0AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps$0AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$6,709TaxesRevAndExpnssAmt
Taxes Net Invst Incm$5,251TaxesNetInvstIncmAmt
Taxes Adj Net Incm$0TaxesAdjNetIncmAmt
Taxes Dsbrs Chrtbl$0TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$6,092OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$6,092OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm$0OtherExpensesAdjNetIncmAmt
Other Expenses Dsbrs Chrtbl$0OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$26,652TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$25,194TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$0TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$5,475,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$5,475,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$5,501,652TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$25,194TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$0TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$5,475,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$43,026,778ExcessRevenueOverExpensesAmt
Net Investment Income$835,933NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$69,236CashBOYAmt
Cash EOY$23,675CashEOYAmt
Cash EOYFMV$23,675CashEOYFMVAmt
Sav And Temp Cash Invst BOY$912,668SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$1,233,355SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$1,233,355SavAndTempCashInvstEOYFMVAmt
Acct Rcvbl$9,934AcctRcvblAmt
Acct Rcvbl BOY$0AcctRcvblBOYAmt
Acct Rcvbl EOY$9,934AcctRcvblEOYAmt
Acct Rcvbl EOYFMV$9,934AcctRcvblEOYFMVAmt
Other Investments BOY$20,396,342OtherInvestmentsBOYAmt
Other Investments EOY$63,410,494OtherInvestmentsEOYAmt
Other Investments EOYFMV$63,410,494OtherInvestmentsEOYFMVAmt
Total Assets BOY$21,378,246TotalAssetsBOYAmt
Total Assets EOY$64,677,458TotalAssetsEOYAmt
Total Assets EOYFMV$64,677,458TotalAssetsEOYFMVAmt
Accounts Payable BOY$5,226AccountsPayableBOYAmt
Accounts Payable EOY$2,711AccountsPayableEOYAmt
Total Liabilities BOY$5,226TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,711TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$21,373,020RetainedEarningBOYAmt
Retained Earning EOY$64,674,747RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$21,373,020TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$64,674,747TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$21,378,246TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$64,677,458TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$21,373,020TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$43,026,778ExcessRevenueOverExpensesAmt
Other Increases$307,448OtherIncreasesAmt
Subtotal$64,707,246SubtotalAmt
Other Decreases$32,499OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$64,674,747TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPUBLICLY TRADED SECURITIESPropertyDesc
Gross Sales Price$5,227,311GrossSalesPriceAmt
Cost Or Other Basis$5,116,458CostOrOtherBasisAmt
Gain Or Loss$110,853GainOrLossAmt
Gains Minus Excess Or Losses$110,853GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$110,853CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$11,619InvestmentIncomeExciseTaxAmt
Subtotal$11,619SubtotalAmt
Tax Based On Investment Income$11,619TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$8,972EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$30,000ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$38,972TotalPaymentsAndCreditsAmt
Overpayment$27,353OverpaymentAmt
Applied To ES Tax$27,353AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateILOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1MICHAEL P POLSKYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3125821402PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1ONE SOUTH WACKER DRIVE SUITE 1810AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60606ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
MICHAEL P POLSKY
One South Wacker Drive Suite 1810ChicagoIL60606PRESIDENT AND DIRECTOR0$0$0$0
JONATHAN TAIBER
One South Wacker Drive Suite 1810ChicagoIL60606TREASURER AND DIRECTOR0$0$0$0
DAVID CANMANN
111 W WASHINGTON SUITE 823CHICAGOIL60602SECRETARY AND DIRECTOR0$0$0$0
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$52,231AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$23,778,491FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$23,830,722TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$23,830,722AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$357,461CashDeemedCharitableAmt
Net Vl Noncharitable Assets$23,473,261NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,173,663MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,173,663MinimumInvestmentReturnAmt
Tax Based On Investment Income$11,619TaxBasedOnInvestmentIncomeAmt
Total Tax$11,619TotalTaxAmt
Distributable Before Adj$1,162,044DistributableBeforeAdjAmt
Distributable Before Ded$1,162,044DistributableBeforeDedAmt
Distributable As Adjusted$1,162,044DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$5,475,000ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$5,475,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,162,044DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Prior Year12019PriorYear1Yr
Prior Year22018PriorYear2Yr
Prior Year32017PriorYear3Yr
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr5$915,437ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$1,520,106ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$2,881,865ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$4,884,124ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$4,290,134ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$14,491,666TotalExcessDistributionCyovAmt
Qualifying Distributions$5,475,000QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Current Year$1,162,044AppliedToCurrentYearAmt
Remaining Distri From Corpus$4,312,956RemainingDistriFromCorpusAmt
Total Corpus$18,804,622TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$915,437ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$17,889,185ExcessDistriCyovToNextYrAmt
Excess From Year4$1,520,106ExcessFromYear4Amt
Excess From Year3$2,881,865ExcessFromYear3Amt
Excess From Year2$4,884,124ExcessFromYear2Amt
Excess From Year1$4,290,134ExcessFromYear1Amt
Excess From Current Year$4,312,956ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (9 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line2RecipientUSAddress/AddressLine2Txt
University of Chicago
5801 S Ellis AveChicagoIL60637PCGENERAL FUND$2,000,000
Northwestern Memorial Foundation
251 E Huron StChicagoIL60611PCGENERAL FUND$2,000,000Suite 3-200
Illinois Holocaust Museum
9603 Woods DrSkokieIL60077PCGENERAL FUND$50,000
Voice Health Institute
1 Bowdoin Sq 11th FlBostonMA02114PCGENERAL FUND$400,000
JDRF International
1 E Wacker Dr Suite 1400ChicagoIL60601PCGENERAL FUND$100,000
Museum of Contemporary Art
220 E Chicago AveChicagoIL60611PCGENERAL FUND$25,000
United States Holocaust Museum
595 Elm PlHighland ParkIL60035PCGENERAL FUND$600,000
Weizmann Institute of Science
180 N LaSalle Blvd 3110ChicagoIL60601PCGENERAL FUND$50,000
World Resources Institute
10 G St NE 800WashingtonDC20002PCGENERAL FUND$250,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$5,475,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$5,922ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1,537ExclusionAmt
FieldValueIRS element (for citing)
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment IncomeOtherInvestmentIncomeGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$110,853ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Other Revenue Described OtherRevenueDescribedGrp (6 entries)

DescDescExclusionExclusionCdExclusionExclusionAmtBusinessBusinessCdUnrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt
TACONIC CRE DISLOCATION FUND K-116$13,987
TCP DIRECT LENDING FUND VIII-L, LLC16$84,157523000$54,685
TACONIC CRE DISLOCATION FUND II L.P.16$33,259
DAVIDSON KEMPER INSTITUTIONAL PARTNERS LP16$622,220
LONGFORD CAPITAL FUND16-$29,036
BLACK ROCK DIRECT LENDING FEEDER IX-U LP16$32,499

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$54,685UnrelatedBusinessTaxblIncmAmt
Exclusion$875,398ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$930,083TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonMICHAEL P POLSKYContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1ONE SOUTH WACKER DRIVE SUITE 1810AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60606ZIPCd
FieldValueIRS element (for citing)
Total Contributions$47,598,347TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash PropertySEE ATTACHEDNoncashPropertyDesc
Fair Market Value$47,598,347FairMarketValueAmt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$4,750Amt
Net Investment Income$4,750NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (9 entries)

Category Or ItemCategoryOrItemTxtBook ValueBookValueAmtEOYFMVEOYFMVAmt
PINEHURST INSTITUTION$1,471,004$1,471,004
TACONIC CRE INVESTMENT FUNDS$982,051$982,051
TCP DIRECT LENDING FUND VIII$1,665,375$1,665,375
TACONIC CRE DISLOCATION FUND I$1,412,390$1,412,390
BLACK ROCK DIRECT LENDING FEED$1,044,544$1,044,544
DAVIDSON KEMPER$8,272,088$8,272,088
LONGFORD CAPITAL FUND$158,397$158,397
VOLEON COMPOSITION INT'L FUND$977,006$977,006
BNY SECURITIES$47,427,639$47,427,639

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLEGAL FEESCategoryTxt
Legal Fees$9,101LegalFeesAmt
Net Investment Income$9,101NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescINCOME FROM PFICDesc
Amt$32,499Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescOTHER EXPENSESDesc
Revenue And Expenses Per Books$6,092RevenueAndExpensesPerBooksAmt
Net Investment Income$6,092NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (6 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmt
TACONIC CRE DISLOCATION FUND K-1$13,987$11,675$0
TCP DIRECT LENDING FUND VIII-L, LLC$138,842$72,523$0
TACONIC CRE DISLOCATION FUND II L.P.$33,259$33,259$0
LONGFORD CAPITAL FUND III, LP-$29,036-$29,261$0
DAVIDSON KEMPNER INSTITUTIONAL PARTNERS$622,220$622,120$0
Blackrock Direct Lending Feeder IX-U LP$32,499$32,499$0

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescBV TO FMV DIFFERENCEDesc
Amt$307,448Amt

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonMICHAEL P POLSKYPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1ONE SOUTH WACKER DRIVE SUITE 1810AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60606ZIPCd

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
STATE TAXES - IL$5,251$5,251$0$0
FEDERAL TAXES$1,458$0$0$0

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