KAPNICK FOUNDATION TR: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- KAPNICK FOUNDATION TR (EIN 36-7434011)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-12-26
- IRS object ID
- 202103609349100100
- Schema version
- 2020v4.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- All Oth Prog Rltd Investments Sch
- Depreciation Schedule
- Gain Loss Sale Other Assets Sch
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-12-26T09:21:58-06:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
| Disaster Relief | HURRICANE IDA RELIEF | DisasterReliefTxt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERNST & YOUNG US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE MANHATTAN WEST | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100018604 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 367434011 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE KAPNICK FOUNDATION | BusinessNameLine1Txt |
| Business Name Line2 | U/A/S 8/15/04 | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % ERNST & YOUNG US LLP | InCareOfNm |
| Business Name Control | KAPN | BusinessNameControlTxt |
| Phone | 2127733000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 73 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 102740073 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SCOTT B KAPNICK | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Phone | 2123960333 | PhoneNum |
| Signature | 2021-12-24 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | SCOTT B | PersonFirstNm |
| Person Last | KAPNICK | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | William Rabetz | PreparerPersonNm |
| PTIN | P00963994 | PTIN |
| Phone | 2127733000 | PhoneNum |
| Preparation | 2021-12-24 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | 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 | $59,688,768 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $4,991,613 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $49,337 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $49,337 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $0 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $2,622,536 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $2,595,413 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $0 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $304,208 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $14,556,360 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $302,388 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $426,940 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $248,249 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $8,394,634 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $3,195,387 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $3,530 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $3,530 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $15,500 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $10,695 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $4,805 | AccountingFeesChrtblPrpsAmt |
| Interest Rev And Expnss | $67,117 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $66,073 | InterestNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $272,803 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $238,361 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $15 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $358,950 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $315,129 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $8,350 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $6,400,178 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $6,400,178 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $6,759,128 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $315,129 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $6,408,528 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $1,635,506 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $2,880,258 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $525,898 | CashBOYAmt |
| Cash EOY | $525,898 | CashEOYAmt |
| Cash EOYFMV | $525,898 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $6,044,188 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $11,955,490 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $12,970,875 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $400,000 | CorporateStockBOYAmt |
| Corporate Stock EOY | $1,167,205 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $5,322,194 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $58,517,369 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $41,954,750 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $40,869,801 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $65,487,455 | TotalAssetsBOYAmt |
| Total Assets EOY | $55,603,343 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $59,688,768 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $29,857 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $0 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $29,857 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $65,457,598 | CapitalStockBOYAmt |
| Capital Stock EOY | $55,603,343 | CapitalStockEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $65,457,598 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $55,603,343 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $65,487,455 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $55,603,343 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $65,457,598 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $1,635,506 | ExcessRevenueOverExpensesAmt |
| Subtotal | $67,093,104 | SubtotalAmt |
| Other Decreases | $11,489,761 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $55,603,343 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (12 entries)
| PropertyPropertyDesc | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | Gross Sales PriceGrossSalesPriceAmt |
|---|---|---|---|---|
| SECTION 1231 G(L) THRU CRESTVIEW PARTNERS II LP | $138,824 | -$138,824 | -$138,824 | |
| STCG THRU CRESTVIEW PTRS III TE | $139 | -$139 | -$139 | |
| LTCG THRU CRESTVIEW PARTNERS II LP | $256,355 | $256,355 | $256,355 | |
| LTCG(L) THRU SPECIALTY LOAN INSTIT 2016-L | $3,561 | $3,561 | $3,561 | |
| SALE OF MARKETABLE SECURITIES - GS | $372 | $372 | $372 | |
| LTCG THRU CREDIT VALUE OFFSHORE FUND 2016 LP | $113,189 | -$113,189 | -$113,189 | |
| LTCG THRU PETERSHILL II | $9,715 | $9,715 | $9,715 | |
| LTCG(L) THRU GS VINTAGE V | $86,651 | $86,651 | $86,651 | |
| LTCG(L) THRU GS VINTAGE VII | $31,056 | $31,056 | $31,056 | |
| LTCG(L) THRU GS VINTAGE VIII | $5,300 | $5,300 | $5,300 | |
| GAIN ON FULL REDEMPTION - HPS ASIA CREDIT OFFSHORE FUND | $14,000,000 | $12,301 | $12,301 | $14,012,301 |
| LTCG THRU CREDIT VALUE OFFSHORE FUND V LP | $149,229 | $149,229 | $149,229 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $302,388 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $40,036 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $40,036 | SubtotalAmt |
| Tax Based On Investment Income | $40,036 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $102,008 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $102,008 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Overpayment | $61,972 | OverpaymentAmt |
| Applied To ES Tax | $61,972 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | IL | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERNST & YOUNG US LLP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2127733000 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE MANHATTAN WEST | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100018604 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|---|
| RICHARD B KAPNICK | |||||||||
| PO BOX 73 | BOWLING GREEN STATION | NEW YORK | NY | 102740073 | TRUSTEE | 1.0 | $0 | $0 | $0 |
| KATHLEEN G KAPNICK | |||||||||
| PO BOX 73 | BOWLING GREEN STATION | NEW YORK | NY | 102740073 | TRUSTEE | 1.0 | $0 | $0 | $0 |
| SCOTT B KAPNICK | |||||||||
| PO BOX 73 | BOWLING GREEN STATION | NEW YORK | NY | 102740073 | TREASURER | 1.0 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
| Description2 | N/A | Description2Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $823,352 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $15,596,465 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $46,563,023 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $62,982,840 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $62,982,840 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $944,743 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $62,038,097 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $3,101,905 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $3,101,905 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $40,036 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $40,036 | TotalTaxAmt |
| Distributable Before Adj | $3,061,869 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $3,061,869 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $3,061,869 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $6,408,528 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $6,408,528 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $6,408,528 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $3,061,869 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2018 | PriorYear1Yr |
| Prior Year2 | 2017 | PriorYear2Yr |
| Prior Year3 | 2016 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $2,862,709 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $3,085,353 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $397,054 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $4,968,263 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $5,069,000 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $16,382,379 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $6,408,528 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Current Year | $3,061,869 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $3,346,659 | RemainingDistriFromCorpusAmt |
| Total Corpus | $19,729,038 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $2,862,709 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $16,866,329 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $3,085,353 | ExcessFromYear4Amt |
| Excess From Year3 | $397,054 | ExcessFromYear3Amt |
| Excess From Year2 | $4,968,263 | ExcessFromYear2Amt |
| Excess From Year1 | $5,069,000 | ExcessFromYear1Amt |
| Excess From Current Year | $3,346,659 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | SCOTT B KAPNICK PO BOX 73 BOWL | ContributingManagerNm |
| Contributing Manager | NEW YORK NY 10274-0073 | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEE STATEMENT ATTACHED | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | SEE STATEMENT ATTACHED | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10274 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Or Contribution Purpose | SEE STATEMENT ATTACHED | GrantOrContributionPurposeTxt |
| Amt | $6,400,178 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $6,400,178 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $49,337 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 523000 | BusinessCd |
| Unrelated Business Taxbl Incm | $27,123 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 14 | ExclusionCd |
| Exclusion | $2,595,413 | ExclusionAmt |
Net Rntl Incm Re Debt Fincd Prop NetRntlIncmReDebtFincdPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Incm Part VII | OtherInvestmentIncmPartVIIGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 523000 | BusinessCd |
| Unrelated Business Taxbl Incm | $1,820 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $302,388 | ExclusionAmt |
Net Income Loss From Special Evt NetIncomeLossFromSpecialEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp (9 entries)
| DescDesc | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|---|---|
| ORD INC THRU CRESTVIEW PTRS II LP | 523000 | $178,864 | ||
| PORT INCOME THRU GS VINTAGE V OFFSHORE | 01 | $7,594 | ||
| PORT INCOME THRU GS VINTAGE VIII O/S | 01 | $400 | ||
| PORTFOLIO INCOME THRU SPECIALTY LOAN INS | 01 | $244,730 | ||
| OTHER INCOME THRU CRESTVIEW PTRS II-UBTI | 523000 | -$182 | ||
| OTHER INCOME THRU CRESTVIEW PARTNERS II | 01 | -$4,894 | ||
| OTHER INCOME THRU CRESTVIEW PTRS II | 523000 | $9 | ||
| SEC 988 GAIN THRU CRESTVIEW III (TE) | 01 | $190 | ||
| ROYALTY INCOME THRU CRESTVIEW PTRS II | 01 | $229 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $207,634 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $3,195,387 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $3,403,021 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | SCOTT B KAPNICK | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 73 BOWLING GREEN STATION | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 102740073 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $4,991,613 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | 1,507 SHS AMAZON.COM INC | NoncashPropertyDesc |
| Fair Market Value | $4,991,613 | FairMarketValueAmt |
| Received | 2020-12-30 | ReceivedDt |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | EY - TAX PREP | CategoryTxt |
| Amt | $15,500 | Amt |
| Net Investment Income | $10,695 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $4,805 | DisbursementsCharitablePrpsAmt |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | N/A | Desc |
Depreciation Schedule DepreciationSchedule
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (2 entries)
| AssetAssetDesc | Gross Sales PriceGrossSalesPriceAmt | Total NetTotalNetAmt |
|---|---|---|
| SECTION 1231 G(L) THRU CRESTVIEW PARTNERS II LP - UBTI | $697 | $697 |
| LTCG THRU PETERSHILL II - UBTI | $1,123 | $1,123 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| GLOBAL ATLANTIC COMP | $400,000 | $414,000 |
| AMAZON COM INC | $767,205 | $4,908,194 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (45 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| GS ACCT 1572 (EURO) | $372 | $426 |
| GS VINTAGE FUND V, LP | $1,238,550 | $323,932 |
| GS CAPITAL PARTNERS 2000, LP | ||
| GS VINTAGE FUND VIII OFFSHORE | $358,120 | $464,542 |
| GS MEZZANINE PARTNERS 2006 LP | $1,880,323 | $54,700 |
| CRESTVIEW PARTNERS II LP | $749,538 | $2,476,056 |
| CRESTVIEW PTRS III (TE) LP | $611,155 | $611,155 |
| GS CAPITAL PARTNERS V, LP | $973,365 | $168,500 |
| HIGHBRIDGE INSTITUTIONAL MEZZA | $828,197 | |
| SOROBAN OPP CAYMAN FUND LTD | $7,331,975 | $9,112,048 |
| HIGHBRIDGE IRISH SPECIALTY | ||
| - LOAN FUND III | $2,153,648 | $1,692,392 |
| GS VINTAGE FUND VIII | ||
| - OFFSHORE HOLDINGS | $1,200,372 | $1,422,118 |
| THE KINGSWAY FUND FRONTIER | $3,211,641 | $1,735,391 |
| PETERSHILL II OFFSHORE LP . | $1,884,714 | $2,254,509 |
| PROVIDENCE DEBT FUND III | $449,685 | $499,463 |
| YOUR VOICE SPA ITALY | $307,175 | $285,062 |
| WATFORD HOLDINGS FED FUNDS | $755,726 | $635,599 |
| FOLGER HILL PARTNERS(CAYMAN) | ||
| CREDIT VALUE OFFSHORE FD 2016 | $1,516,874 | $701,678 |
| AQUAHYDRATE | $640,000 | $640,000 |
| ASIA L/S CREDIT OFFSHORE FUND | ||
| OFFSHORE MEZZANINE PARTN II | ||
| - INSTITUTIONAL, LP | $7,587,464 | $7,198,787 |
| SPECIALTY LOAN INSTITUTIONAL | ||
| - FUND 2016-L, LP | $1,604,165 | $1,448,084 |
| HPS LOAN MANAGEMENT 9-2016,LTD | $464,111 | $300,000 |
| VINTAGE VII AIV OFFSHORE SCSP | $104,973 | $105,364 |
| CRESTVIEW PARTNERS III (DE) LP | $78,429 | $143,492 |
| SENTIENT FUND I LTD | ||
| REAL ESTATE CREDIT SOLUTIONS | ||
| - OFFSHORE FUND II | $336,951 | $326,844 |
| STRATA CLO I LTD | $874,971 | $1,152,050 |
| KKR ASIAN FD III PVT IN O/S LP | $617,507 | $792,363 |
| STARWOOD SOF XI PVT IN O/S LP | $410,758 | $407,194 |
| SVSS IV PVT IN O/S LP | $654,727 | $737,612 |
| STAR INTERMEDIATE I INC | ||
| THE NORTHERN TRUST | ||
| STRG CAP PTRS TFO FUND, L.P. | ||
| CREDIT VALUE OFFSHORE FUND V | $475,376 | $763,757 |
| OPPORT OFFSHORE FUND II, LP | $1,003,935 | $968,491 |
| HPS OFF MEZZNE PTNRS 2019, LP | $2,229,776 | $2,370,024 |
| WEST STREET STRAGIC SOLUTIONS | ||
| OFFSHORE FUND I LP | $248,374 | $249,971 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | MCDERMOTT WILL & EMERY | CategoryTxt |
| Legal Fees | $3,530 | LegalFeesAmt |
| Disbursements Charitable Prps | $3,530 | DisbursementsCharitablePrpsAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (6 entries)
| DescDesc | AmtAmt |
|---|---|
| EXCESS OF FMV OVER DONOR'S COST BASIS OF | $0 |
| SECURITIES GIFTED TO THE FOUNDATION | $4,224,407 |
| PRIOR YEAR COST BASIS ADJUSTMENT - | $0 |
| FOR LIQUIDATED ASSETS | $6,804,343 |
| BOOK AND TAX DEFFERENCE - | $0 |
| UNREALIZED LOSS FROM PASS-THRU ENTITIES | $461,011 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (22 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| PORTFOLIO DEDUCTIONS THRU: | ||||
| -CRESTVIEW PTRS III TE | $3,329 | $3,329 | $0 | $0 |
| -SPECIALTY 2016-L | $2,677 | $2,677 | ||
| -CRESTVIEW PARTNERS II LP | $32,335 | $32,335 | ||
| -CRESTVIEW PARTNERS II LP-UBTI | $11,553 | $0 | $0 | $0 |
| -WEST ST STRATEGIC SOLUTIONS | $1,074 | $1,074 | ||
| -WEST ST STRATEGIC SOL-UBTI | $62 | |||
| -REAL ESTATE CREDIT SOLUTIONS | $5,877 | $5,877 | ||
| -PETERSHILL II OFFSHORE | $41,149 | $41,149 | $0 | $0 |
| -PETERSHILL II OFFSHORE-UBTI | $3,999 | $0 | $0 | $0 |
| -VINTAGE VII AIV OFFSHORE SCSP | $1,541 | $1,541 | $0 | $0 |
| -CREDIT VALUE O/S FUND 2016 LP | $10,075 | $10,075 | $0 | $0 |
| -CREDIT VALUE O/S FUND V LP | $7,712 | $7,712 | ||
| ALLOWABLE DEP - CRESTVIEW II | $34 | $34 | ||
| ALLOWABLE DEP CRESTVIEWII-UBTI | $3,661 | $0 | $0 | $0 |
| MGMT FEES- HPS OFFS MEZZ III | $24,747 | $24,747 | $0 | $0 |
| MGMT FEES-GS VINTAGE V | $37,918 | $37,918 | ||
| MGMT FEES-OPPORTUNISTIC CLO FD | $35,823 | $35,823 | ||
| ROYALTY DEDUCTIONS | $44 | $44 | ||
| ILLINOIS FILING FEE | $15 | $15 | ||
| SEC 59 EXP-CRESTVIEW II-UBTI | $15,152 | |||
| MGMT FEES- HPS OFFS MEZZ III | $34,026 | $34,026 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (9 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| ORD INC THRU CRESTVIEW PTRS II LP - UBTI | $178,864 | $0 |
| PORT INCOME THRU GS VINTAGE V OFFSHORE | $7,594 | $7,594 |
| PORT INCOME THRU GS VINTAGE VIII O/S | $400 | $400 |
| PORTFOLIO INCOME THRU SPECIALTY LOAN INS | $244,730 | $244,730 |
| OTHER INCOME THRU CRESTVIEW PTRS II-UBTI | -$182 | |
| OTHER INCOME THRU CRESTVIEW PARTNERS II | -$4,894 | -$4,894 |
| OTHER INCOME THRU CRESTVIEW PTRS II-UBTI | $9 | |
| SEC 988 GAIN THRU CRESTVIEW III (TE) | $190 | $190 |
| ROYALTY INCOME THRU CRESTVIEW PTRS II | $229 | $229 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DUE TO VINTAGE VII AIV OFFSHOR | Desc |
| BOY Book Value | $29,857 | BOYBookValueAmt |
| EOY Book Value | $0 | EOYBookValueAmt |
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