WANG FAMILY FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
WANG FAMILY FOUNDATION (EIN 68-0338738)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-05-05
IRS object ID
202101259349101125
Schema version
2020v4.0
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)
Return2021-05-05T10:47:22-04:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN680338738EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Wang Family FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% Francis S WangInCareOfNm
Business Name ControlWANGBusinessNameControlTxt
Foreign Phone7072592811ForeignPhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1P O Box 6703AddressLine1Txt
CityNapaCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94581ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLaura YoungPersonNm
Person TitleDirectorPersonTitleTxt
Foreign Phone7072592811ForeignPhoneNum
Signature2021-05-05SignatureDt
Discuss With Paid PreparerfalseDiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$4,074,799FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$16,445ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$46,685DividendsRevAndExpnssAmt
Dividends Net Invst Incm$46,685DividendsNetInvstIncmAmt
Dividends Adj Net Incm$46,685DividendsAdjNetIncmAmt
Cap Gain Net Incm Net Invst Incm$598,488CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$15,203OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$15,203OtherIncomeNetInvstIncmAmt
Other Income Adj Net Incm$15,203OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$78,333TotalRevAndExpnssAmt
Total Net Invst Incm$660,376TotalNetInvstIncmAmt
Total Adj Net Incm$61,888TotalAdjNetIncmAmt
Oth Empl Slrs Wgs Rev And Expnss$164,306OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Net Invst Incm$164,306OthEmplSlrsWgsNetInvstIncmAmt
Oth Empl Slrs Wgs Adj Net Incm$164,306OthEmplSlrsWgsAdjNetIncmAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl$164,306OthEmplSlrsWgsDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss$12,902PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Net Invst Incm$12,902PensionEmplBnftNetInvstIncmAmt
Pension Empl Bnft Adj Net Incm$12,902PensionEmplBnftAdjNetIncmAmt
Pension Empl Bnft Dsbrs Chrtbl$12,902PensionEmplBnftDsbrsChrtblAmt
Legal Fees Rev And Expnss$0LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$0LegalFeesNetInvstIncmAmt
Legal Fees Adj Net Incm$0LegalFeesAdjNetIncmAmt
Legal Fees Dsbrs Chrtbl$0LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$0AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$0AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$0AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps$0AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$1,324OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$1,324OtherProfFeesNetInvstIncmAmt
Other Prof Fees Adj Net Incm$1,324OtherProfFeesAdjNetIncmAmt
Other Prof Fees Dsbrs Chrtbl$1,324OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$6,065TaxesRevAndExpnssAmt
Taxes Net Invst Incm$6,065TaxesNetInvstIncmAmt
Taxes Adj Net Incm$6,065TaxesAdjNetIncmAmt
Taxes Dsbrs Chrtbl$6,065TaxesDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss$7,971TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm$7,971TravConfMeetingNetInvstIncmAmt
Trav Conf Meeting Adj Net Incm$7,971TravConfMeetingAdjNetIncmAmt
Trav Conf Meeting Dsbrs Chrtbl$7,971TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$16,631OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$16,631OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm$16,631OtherExpensesAdjNetIncmAmt
Other Expenses Dsbrs Chrtbl$16,631OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$209,199TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$209,199TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$209,199TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$209,199TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$209,199TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$209,199TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$209,199TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$209,199TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$130,866ExcessRevenueOverExpensesAmt
Net Investment Income$451,177NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$0CashBOYAmt
Cash EOY$0CashEOYAmt
Cash EOYFMV$0CashEOYFMVAmt
Sav And Temp Cash Invst BOY$35,346SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$22,866SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$22,866SavAndTempCashInvstEOYFMVAmt
Acct Rcvbl$0AcctRcvblAmt
Acct Rcvbl Allwnc Dbtfl Acct$0AcctRcvblAllwncDbtflAcctAmt
Acct Rcvbl BOY$0AcctRcvblBOYAmt
Acct Rcvbl EOY$0AcctRcvblEOYAmt
Acct Rcvbl EOYFMV$0AcctRcvblEOYFMVAmt
Pledges Rcvbl$0PledgesRcvblAmt
Pledges Rcvbl Allwnc Dbtfl Acct$0PledgesRcvblAllwncDbtflAcctAmt
Pledges Rcvbl BOY$0PledgesRcvblBOYAmt
Pledges Rcvbl EOY$0PledgesRcvblEOYAmt
Pledges Rcvbl EOYFMV$0PledgesRcvblEOYFMVAmt
Grants Receivable BOY$0GrantsReceivableBOYAmt
Grants Receivable EOY$0GrantsReceivableEOYAmt
Grants Receivable EOYFMV$0GrantsReceivableEOYFMVAmt
Inventories BOY$0InventoriesBOYAmt
Inventories EOY$0InventoriesEOYAmt
Inventories EOYFMV$0InventoriesEOYFMVAmt
Prepaid Expenses BOY$0PrepaidExpensesBOYAmt
Prepaid Expenses EOY$0PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV$0PrepaidExpensesEOYFMVAmt
Corporate Stock BOY$2,660,162CorporateStockBOYAmt
Corporate Stock EOY$4,051,933CorporateStockEOYAmt
Corporate Stock EOYFMV$4,051,933CorporateStockEOYFMVAmt
Mortgage Loans BOY$0MortgageLoansBOYAmt
Mortgage Loans EOY$0MortgageLoansEOYAmt
Mortgage Loans EOYFMV$0MortgageLoansEOYFMVAmt
Total Assets BOY$2,695,508TotalAssetsBOYAmt
Total Assets EOY$4,074,799TotalAssetsEOYAmt
Total Assets EOYFMV$4,074,799TotalAssetsEOYFMVAmt
Accounts Payable BOY$0AccountsPayableBOYAmt
Accounts Payable EOY$0AccountsPayableEOYAmt
Grants Payable BOY$0GrantsPayableBOYAmt
Grants Payable EOY$0GrantsPayableEOYAmt
Deferred Revenue BOY$0DeferredRevenueBOYAmt
Deferred Revenue EOY$0DeferredRevenueEOYAmt
Loans From Officers BOY$0LoansFromOfficersBOYAmt
Loans From Officers EOY$0LoansFromOfficersEOYAmt
Mortgages And Notes Payable BOY$0MortgagesAndNotesPayableBOYAmt
Mortgages And Notes Payable EOY$0MortgagesAndNotesPayableEOYAmt
Other Liabilities BOY$0OtherLiabilitiesBOYAmt
Other Liabilities EOY$0OtherLiabilitiesEOYAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$2,695,508CapitalStockBOYAmt
Capital Stock EOY$4,074,799CapitalStockEOYAmt
Additional Paid In Capital BOY$0AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY$0AdditionalPaidInCapitalEOYAmt
Retained Earning BOY$0RetainedEarningBOYAmt
Retained Earning EOY$0RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$2,695,508TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$4,074,799TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,695,508TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$4,074,799TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,695,508TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$130,866ExcessRevenueOverExpensesAmt
Other Increases$1,510,157OtherIncreasesAmt
Subtotal$4,074,799SubtotalAmt
Tot Net Ast Or Fund Balances EOY$4,074,799TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (12 entries)

PropertyPropertyDescGross Sales PriceGrossSalesPriceAmtDepreciationDepreciationAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtFMV As Of123169FMVAsOf123169AmtAdjusted Basis As Of123169AdjustedBasisAsOf123169AmtExcess FMV Over Adjusted BssExcessFMVOverAdjustedBssAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
Publicly Traded Securities - Apple Computer$53,464$0$351$53,113$0$0$0$53,113
Publicly Traded Securities - Wabtec Com$325$0$370-$45$0$0$0-$45
Publicly Traded Securities - Invesco QQQ$23,233$0$8,359$14,874$0$0$0$14,874
Publicly Traded Securities - Fidelity Puritan Fund$47,200$0$29,620$17,580$0$0$0$17,580
Publicly Traded Securities - Apple Computer$98,907$0$877$98,030$0$0$0$98,030
Publicly Traded Securities - Apple Computer$56,282$0$526$55,756$0$0$0$55,756
Publicly Traded Securities - Apple Computers$17,593$0$175$17,418$0$0$0$17,418
Publicly Traded Securities - Apple Computer$70,365$0$701$69,664$0$0$0$69,664
Publicly Traded Securities - Apple Computer$83,160$0$877$82,283$0$0$0$82,283
Publicly Traded Securities - Apple Computers$78,751$0$877$77,874$0$0$0$77,874
Publicly Traded Securities - Apple Computer$62,965$0$701$62,264$0$0$0$62,264
Publicly Traded Securities - Apple Computers$50,266$0$589$49,677$0$0$0$49,677
FieldValueIRS element (for citing)
Capital Gain Net Income$598,488CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$0NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$6,271InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$6,271SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$6,271TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,470EstimatedPlusOvpmtIncmTxAmt
Extsn Request Income Tax Paid$4,810ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld$0BackupWithholdingWithheldAmt
Total Payments And Credits$6,280TotalPaymentsAndCreditsAmt
Original Return Tax Paid$0OriginalReturnTaxPaidAmt
Es Penalty$0EsPenaltyAmt
Overpayment$9OverpaymentAmt
Applied To ES Tax$9AppliedToESTaxAmt
Refund$0RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateCAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationYes (true)PrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website Addresshttps://www.guidestar.orgWebsiteAddressTxt
Individual With BooksLaura YoungIndividualWithBooksNm
Phone7072592811PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1P O Box 6703AddressLine1Txt
CityNapaCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94581ZIPCd
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 PrsnYes (true)FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnYes (true)PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Francis Wang
P O Box 6703NapaCA94581Executive Director30.00$0$0$0
Laura Young
P O Box 6703NapaCA94581Managing Director10.00$0$0$0
Elizabeth Wang
3268 Villa LaneNapaCA94558Director2.00$0$0$0
Morgan Wang Carlson
3268 Villa LaneNapaCA94558Director2.00$0$0$0

Compensation Highest Paid Empl CompensationHighestPaidEmplGrp

FieldValueIRS element (for citing)
PersonMartha DelgadoPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line13268 Villa LaneAddressLine1Txt
CityNapaCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94558ZIPCd
FieldValueIRS element (for citing)
TitleSenior ProgramTitleTxt
Average Hrs Per Wk Devoted To Pos40.00AverageHrsPerWkDevotedToPosRt
Compensation$80,000CompensationAmt
Employee Benefits$3,500EmployeeBenefitsAmt
Expense Account$0ExpenseAccountAmt
FieldValueIRS element (for citing)
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1The IALS is a non-profit learned society of law schools and departments of over 230 university members from around the world representing more than 55 countries. The Foundation continues its efforts to assist the Association in advancing its goal of improving legal education by learning from each other.Description1Txt
Expenses1$188,929Expenses1Amt
Description2The Foundation continues its support of various initiatives at UC Berkeley. The Foundation supported the establishment of the War Crimes Studies Center at UC Berkeley. It presently supports initiatives at the Hearst Museum, the Law School, various departments in the Arts and Sciences, the East Asia Library, and the UC Berkeley Foundation.Description2Txt
Expenses2$18,735Expenses2Amt
Description3Working with the law school and faculty in a joint effort to improve legal education globally.Description3Txt
Expenses3$1,069Expenses3Amt
FieldValueIRS element (for citing)
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$0TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$0AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$22,000CashDeemedCharitableAmt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Minimum Investment Return$0MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Sect4942j3j5 Fndtn And Frgn OrgYes (X)Sect4942j3j5FndtnAndFrgnOrgInd

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$209,199ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$2,059,855CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$209,199SetAsideCashDistriTestAmt
Qualifying Distributions$2,478,253QualifyingDistributionsAmt
Adjusted Qualifying Distri$2,478,253AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Prior Year12018PriorYear1Yr
Prior Year22017PriorYear2Yr
Prior Year32016PriorYear3Yr
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr5$0ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$0ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$0ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$0ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$0ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$0TotalExcessDistributionCyovAmt
Qualifying Distributions$2,478,253QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$0AppliedToCurrentYearAmt
Remaining Distri From Corpus$2,478,253RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$2,478,253TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$0PriorYearDeficiencyOrTaxAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$0CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$0ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$2,478,253ExcessDistriCyovToNextYrAmt
Excess From Year4$0ExcessFromYear4Amt
Excess From Year3$0ExcessFromYear3Amt
Excess From Year2$0ExcessFromYear2Amt
Excess From Year1$0ExcessFromYear1Amt
Excess From Current Year$2,478,253ExcessFromCurrentYearAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

FieldValueIRS element (for citing)
Private Operating Fndtn Ruling1995-11-06PrivateOperatingFndtnRulingDt
Section4942j3Yes (X)Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$0CurrentYearAmt
Year1$0Year1Amt
Year2$0Year2Amt
Year3$0Year3Amt
Total$0TotalAmt

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

FieldValueIRS element (for citing)
Current Year$0CurrentYearAmt
Year1$0Year1Amt
Year2$0Year2Amt
Year3$0Year3Amt
Total$0TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$2,269,054CurrentYearAmt
Year1$588,945Year1Amt
Year2$368,753Year2Amt
Year3$275,764Year3Amt
Total$3,502,516TotalAmt

Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp

FieldValueIRS element (for citing)
Current Year$0CurrentYearAmt
Year1$0Year1Amt
Year2$0Year2Amt
Year3$0Year3Amt
Total$0TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$2,269,054CurrentYearAmt
Year1$588,945Year1Amt
Year2$368,753Year2Amt
Year3$275,764Year3Amt
Total$3,502,516TotalAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
Current Year$4,074,799CurrentYearAmt
Year1$2,896,898Year1Amt
Year2$1,975,475Year2Amt
Year3$2,098,089Year3Amt
Total$11,045,261TotalAmt

Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp

FieldValueIRS element (for citing)
Current Year$4,074,799CurrentYearAmt
Year1$2,896,898Year1Amt
Year2$1,975,475Year2Amt
Year3$2,098,089Year3Amt
Total$11,045,261TotalAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerMorgan Wang CarlsonContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Business923120BusinessCd
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion2ExclusionCd
Exclusion$46,685ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp

Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp

FieldValueIRS element (for citing)
Business923120BusinessCd
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$0ExclusionAmt
Related Or Exempt Function Incm$15,203RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Gain Sales Ast Oth Than InvntryGainSalesAstOthThanInvntryGrp
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$46,685ExclusionAmt
Related Or Exempt Function Incm$15,203RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$61,888TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

FieldValueIRS element (for citing)
Line Number7LineNumberTxt
Relationship StatementExempt Function IncomeRelationshipStatementTxt

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 PersonMorgan Wang CarlsonContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line11 River PlaceAddressLine1Txt
Address Line2Apartment 912AddressLine2Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10036ZIPCd
FieldValueIRS element (for citing)
Total Contributions$16,445TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash PropertyBarrick Gold (119 shares) and Wheaton Precious Metals (280 shares)NoncashPropertyDesc
Fair Market Value$16,445FairMarketValueAmt
Received2020-07-08ReceivedDt

Cash Deemed Charitable Expln Stmt CashDeemedCharitableExplnStmt

FieldValueIRS element (for citing)
Short Explanationcash in account to meet current expensesShortExplanationTxt

Cash Distribution Expln Stmt CashDistributionExplnStmt

FieldValueIRS element (for citing)
ExplanationTotal amount spent in tax year for charitable purposes.ExplanationTxt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockFidelity InvestmentsStockNm
EOY Book Value$4,051,933EOYBookValueAmt
EOYFMV$4,051,933EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
IALS - Committees$1,750$1,750$1,750$1,750
Lectures, Workshops and Conferences$6,033$6,033$6,033$6,033
Other Expenses - Programs IALS Membership$4,558$4,558$4,558$4,558
Operating Expenses$4,290$4,290$4,290$4,290

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmt
Capital Gain Distribution$14,752$14,752$14,752
Section 199A Dividends$451$451$451

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescIncrease in Investment ValueDesc
Amt$1,510,157Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
Categoryprofessional feeCategoryTxt
Amt$1,324Amt
Net Investment Income$1,324NetInvestmentIncomeAmt
Adjusted Net Income$1,324AdjustedNetIncomeAmt
Disbursements Charitable Prps$1,324DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryTaxes - Federal, State and LocalCategoryTxt
Amt$6,065Amt
Net Investment Income$6,065NetInvestmentIncomeAmt
Adjusted Net Income$6,065AdjustedNetIncomeAmt
Disbursements Charitable Prps$6,065DisbursementsCharitablePrpsAmt

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.