RAYMOND DEBBANE FAMILY FOUNDATION: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- RAYMOND DEBBANE FAMILY FOUNDATION (EIN 13-4053653)
- Tax period
- 2020-03-01 to 2021-02-28
- Filed
- 2021-12-22
- IRS object ID
- 202113569349100871
- 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
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Substantial Contributors Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-12-22T21:49:33-06:00 | ReturnTs |
| Tax Period End | 2021-02-28 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 134008324 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PRICEWATERHOUSECOOPERS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 300 MADISON AVE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10017 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2020-03-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 134053653 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE RAYMOND DEBBANE FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | RAYM | BusinessNameControlTxt |
| Phone | 2123711717 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | CO THE INVUS GROUP LLC 750 LEX A | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10022 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RAYMOND DEBBANE | PersonNm |
| Person Title | OFFICER | PersonTitleTxt |
| Phone | 2123711717 | PhoneNum |
| Signature | 2021-12-22 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | RAYMOND | PersonFirstNm |
| Person Last | DEBBANE | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LINDSEY THOR | PreparerPersonNm |
| PTIN | P00969094 | PTIN |
| Phone | 6464713000 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| 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 | $135,556,755 | 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 | $28,532,287 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $228,129 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $228,129 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $1,723,484 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,723,484 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $15,240,797 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $57,033,122 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $15,240,797 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $69,253 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $69,253 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $0 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $45,793,950 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $17,261,663 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $215,943 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $198,047 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $17,896 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $407,023 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $7,023 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $98,356 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $96,856 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $1,500 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $721,322 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $301,926 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $19,396 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $4,045,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $4,045,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $4,766,322 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $301,926 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $4,064,396 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $41,027,628 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $16,959,737 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $9,473,925 | CashBOYAmt |
| Cash EOY | $6,016,674 | CashEOYAmt |
| Cash EOYFMV | $6,016,674 | CashEOYFMVAmt |
| US Government Obligations BOY | $609,158 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $609,158 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $649,692 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $3,680,320 | CorporateStockBOYAmt |
| Corporate Stock EOY | $4,286,768 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $10,301,034 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $60,824,433 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $84,862,305 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $118,589,355 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $74,587,836 | TotalAssetsBOYAmt |
| Total Assets EOY | $95,774,905 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $135,556,755 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $74,587,836 | CapitalStockBOYAmt |
| Capital Stock EOY | $95,774,905 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $0 | RetainedEarningBOYAmt |
| Retained Earning EOY | $0 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $74,587,836 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $95,774,905 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $74,587,836 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $95,774,905 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $74,587,836 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $41,027,628 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $115,615,464 | SubtotalAmt |
| Other Decreases | $19,840,559 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $95,774,905 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (12 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|
| CB CAPITAL ADVISORS LLC - CAPITAL GAIN (US) | P | 2020-12-14 | $992,380 | $214,885 | $777,495 | $777,495 |
| JPM CAPITAL GAIN #3006 | P | 2020-12-14 | $3,373,076 | $3,368,385 | $4,691 | $4,691 |
| JPM CAPITAL GAIN #3006 | P | 2020-12-14 | $835,000 | $850,377 | -$15,377 | -$15,377 |
| JPM CAPITAL GAIN #8009 | P | 2020-12-14 | $1,982,859 | $1,807,839 | $175,020 | $175,020 |
| JPM CAPITAL GAIN #8009 | P | 2020-12-14 | $6,737,499 | $6,710,303 | $27,196 | $27,196 |
| FMC STRUCTURED INCOME FUND LP | P | 2020-12-14 | $581 | $581 | $581 | |
| FIDELITY #5861 | P | 2020-12-14 | $1,494,039 | $962,813 | $531,226 | $531,226 |
| GS #2347 | P | 2020-12-31 | $33,194,340 | $19,018,470 | $14,175,870 | $14,175,870 |
| GS #9926 | P | 2020-12-14 | $258,579 | $255,987 | $2,592 | $2,592 |
| GS #1151 | P | 2020-12-31 | $7,915,349 | $8,603,266 | -$687,917 | -$687,917 |
| PFIC - CAPITAL GAIN | P | 2020-12-31 | $116,348 | $116,348 | $116,348 | |
| GS - CGD #9868 | P | 2020-12-31 | $133,072 | $133,072 | $133,072 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $15,240,797 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $235,740 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $235,740 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $235,740 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $112,400 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $350,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $462,400 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $226,660 | OverpaymentAmt |
| Applied To ES Tax | $226,660 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NY | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (1) | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | RAYMOND DEBBANE | IndividualWithBooksNm |
| Phone | 2123711717 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O THE INVUS GROUP LLC 750 LEX AVE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10022 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | 0 | TransactionsFailToQlfyAsExcInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| RAYMOND DEBBANE | ||||||||
| INVUS GROUP LLC 750 LEXINGTON AVE | NEW YORK | NY | 10022 | PRESIDENT | 1.00 | $0 | $0 | $0 |
| SACHA LAINOVIC | ||||||||
| INVUS GROUP LLC 750 LEXINGTON AVE | NEW YORK | NY | 10022 | TREASURER | 1.00 | $0 | $0 | $0 |
| JESSICA PACKER | ||||||||
| INVUS GROUP LLC 750 LEXINGTON AVE | NEW YORK | NY | 10022 | SECRETARY | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | THE FOUNDATION IS NOT INVOLVED IN ANY CHARITABLE ACTIVITIES.ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHERCHARITABLE ORGANIZATIONS (PUBLIC CHARITIES). | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $82,919,224 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $10,303,600 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $10,680,788 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $103,903,612 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $103,903,612 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,558,554 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $102,345,058 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $5,117,253 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $5,117,253 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $235,740 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $235,740 | TotalTaxAmt |
| Distributable Before Adj | $4,881,513 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $4,881,513 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $4,881,513 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $4,064,396 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $4,064,396 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $4,064,396 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $4,881,513 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr3 | $406,126 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $1,763,448 | ExcessDistributionCyovYr2Amt |
| Total Excess Distribution Cyov | $2,169,574 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $4,064,396 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $4,064,396 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $817,117 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $817,117 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $1,352,457 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $1,352,457 | ExcessDistriCyovToNextYrAmt |
| Excess From Year2 | $1,352,457 | ExcessFromYear2Amt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (20 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line1RecipientForeignAddress/AddressLine1Txt | Province Or StateRecipientForeignAddress/ProvinceOrStateNm | CountryRecipientForeignAddress/CountryCd | CityRecipientForeignAddress/CityNm |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ACT FOR LEBANON | |||||||||||
| 725 RIVER ROAD SUITE 32 174 | EDGEWATER | NJ | 07020 | NONE | PC | SUPPORT VARIOUS CAUSES IN LEBANON INCLUDING CHILDREN, EDUCATION, HEALTH AND MENTAL HEALTH, HUMAN RIGHTS, PALLIATIVE CARE, WOMEN EMPOWERMENT, AND THE ENVIRONMENT. | $50,000 | ||||
| AMERICAN TASK FORCE FOR LEBANON | |||||||||||
| 100 CONNECTICUT AVE NW 1250 | WASHINGTON | DC | 20036 | NONE | PC | EDUCATE FOR THE STRENGTHENING OF THE HISTORIC U.S.-LEBANON RELATIONSHIP | $40,000 | ||||
| AMERICAN UNIVERSITY OF BEIRUT | |||||||||||
| NONE | PC | PROVIDE EXCELLENCE IN EDUCATION, TO PARTICIPATE IN THE ADVANCEMENT OF KNOWLEDGE THROUGH RESEARCH, AND TO SERVE THE PEOPLES OF THE MIDDLE EAST AND BEYOND | $50,000 | BLISS STREET PO BOX 11-0236 | BEIRUT | LE | |||||
| ARAB AMERICAN FOUNDATION | |||||||||||
| 7111 5TH AVENUE | BROOKLYN | NY | 11209 | NONE | PC | SUPPORTS PROGRAMS THAT PROMOTE GREATER AWARENESS OF ARAB AMERICANS IN THE US | $25,000 | ||||
| ATLAS ECONOMIC RESEARCH FOUNDATION | |||||||||||
| 1201 L ST NW | WASHINGTON | DC | 20005 | NONE | PC | PROMOTING FREE-MARKET ECONOMIC POLICIES ACROSS THE WORLD | $110,000 | ||||
| BASTOGNE MEMORIAL FUND | |||||||||||
| 161 THOMAS DALE | WILLIAMSBURG | VA | 23185 | NONE | PC | INCREASE AND RESTORE PATRIOTIC AWARENESS AND RESPECT FOR MEMORIAL DAY BY MAINTAINING A TRADITION OF PUBLIC HONOR AND REMEMBRANCE. | $10,000 | ||||
| CATO INSTITUTE | |||||||||||
| 1000 MASSACHUSETTS AVE NW | WASHINGTON | DC | 20001 | NONE | PC | TO CREATE FREE, OPEN, AND CIVIL SOCIETIES FOUNDED ON LIBERTARIAN PRINCIPLES. | $25,000 | ||||
| CEMEDE (CENTER FOR EURO-MED DEVELOPMENT) | |||||||||||
| NONE | PC | PROMOTION OF SUSTAINABLE DEVELOPMENT, URBAN PLANNING, ENVIRONMENTAL PROTECTION AND OTHER AREAS. | $2,800,000 | 186 AVENUE FLOREAL 1180 | BE | BRUSSELS | |||||
| CLES (LEBANESE CENTER FOR SPECIAL EDUCATION) | |||||||||||
| NONE | PC | TO HELP, FREE OF CHARGE, CHILDREN WHO ARE LEARNING DISABLED. | $365,000 | BNP PARIBAS FORTIS | BE | BRUSSELS | |||||
| CONCERN WORLDWIDE (US) INC | |||||||||||
| 355 LEXINGTON AVENUE 16TH FLOOR | NEW YORK | NY | 10017 | NONE | PC | TO HELP PEOPLE LIVING IN EXTREME POVERTY ACHIEVE MAJOR IMPROVEMENTS IN THEIR LIVES THAT LAST AND SPREAD WITHOUT ONGOING SUPPORT FROM CONCERN. | $10,000 | ||||
| EPARCHY OF SAINT MARON OF BROOKLYN | |||||||||||
| 109 REMSEN STREET | BROOKLYN | NY | 112014212 | NONE | PC | RELIGIOUS SUPPORT | $200,000 | ||||
| LIFE GENERATION USA | |||||||||||
| 1732 1ST AVE 20858 | NEW YORK | NY | 10128 | NONE | PC | PROVIDE MISSION SUPPORT | $50,000 | ||||
| INSTITUTE FOR JUSTICE | |||||||||||
| 901 N GLEBE ROAD SUITE 900 | ARLINGTON | VA | 22203 | NONE | PC | TO PROVIDE MISSION SUPPORT | $10,000 | ||||
| LEBANESE AMERICAN UNIVERSITY | |||||||||||
| 211 E 46TH STREET | NEW YORK | NY | 10017 | NONE | PC | EDUCATION | $5,000 | ||||
| LEBANON RENAISSANCE FOUNDATION | |||||||||||
| 1701 PENNSYLVANIA AVE NW 300 | WASHINGTON | DC | 20006 | NONE | PC | TO PROVIDE MISSION SUPPORT | $5,000 | ||||
| NATIONAL DANCE INSTITUTE | |||||||||||
| 217 W 147TH STREET | NEW YORK | NY | 10039 | NONE | PC | TO PROVIDE MISSION SUPPORT | $60,000 | ||||
| SAVING THE NEXT GENERATION FOUNDATION | |||||||||||
| 641 LEXINGTON AVENUE | NEW YORK | NY | 10022 | NONE | PC | TO PROVIDE SCHOLARSHIPS TO LEBANESE HIGH SCHOOL STUDENTS | $50,000 | ||||
| STJOSEPH CONGREGATION | |||||||||||
| 910 WILSON AVE | MENOMONIE | WI | 547512742 | NONE | PC | TO BRING ALL INTO UNITY WITH GOD, WITH ONE ANOTHER, AND WITH ALL CREATION. | $100,000 | ||||
| STANFORD UNIVERSITY | |||||||||||
| 518 MEMORIAL WAY | STANDFORD | CA | 943055009 | NONE | PC | EDUCATION | $20,000 | ||||
| TFL US INC | |||||||||||
| 14 EAST 4TH ST APT 807 | NEW YORK | NY | 10012 | NONE | PC | CARRY OUT FUNDRAISING ACTIVITIES IN THE US IN SUPPORT OF IMPROVED LOCAL EDUCATION IN LEBANON, FOR THE PURPOSE OF PROVIDING GRANTS TO TEACH FOR LEBANON. | $60,000 | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $4,045,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $228,129 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,723,484 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $69,253 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $15,240,797 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $17,261,663 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $17,261,663 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
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 | RAYMOND DEBBANE | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 750 LEXINGTON AVENUE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10022 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $28,532,287 | TotalContributionsAmt |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | VARIOUS SECURITIES | NoncashPropertyDesc |
| Fair Market Value | $28,532,287 | FairMarketValueAmt |
| Received | 2020-12-22 | ReceivedDt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | CB CAPITAL ADVISORS LLC (SEC.) | StockNm |
| EOY Book Value | $4,286,768 | EOYBookValueAmt |
| EOYFMV | $10,301,034 | EOYFMVAmt |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $609,158 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $649,692 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $0 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $0 | StateLocalSecEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (22 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| FMC STRUCTURED INCOME FUND LP | AT COST | $193,992 | $193,992 |
| CIM DIVIDEND INCOME FUND | AT COST | $8,083,377 | $10,217,529 |
| CB CAPITAL SWISS ACCOUNT | AT COST | $291,338 | $132,045 |
| CB CAPITAL EURO ACCOUNT | AT COST | $250,775 | $1,091,665 |
| JPM ACCOUNT | AT COST | $13,584,393 | $14,458,799 |
| BROAD STREET REAL ESTATE CREDIT PARTNERS III OFFSHORE | AT COST | $1,441,435 | $1,208,371 |
| CORE SENIOR LENDING OFFSHORE FUND | AT COST | $1,897,590 | $1,882,144 |
| HP MEZZANINE PRIVATE INVESTORS III | AT COST | $831,937 | $831,937 |
| BENEFIT STREET PARTNERS IV | AT COST | $1,305,322 | $1,305,322 |
| JPM SECURITIES #8009 | AT COST | $5,327,176 | $5,689,500 |
| STARWOOD SOX XI | AT COST | $814,388 | $814,388 |
| PRIVATE INVESTORS OFFSHORE | AT COST | $1,768,024 | $1,768,024 |
| FIDELITY INVESTMENTS | AT COST | $6,073,545 | $34,135,485 |
| GOLDMAN SACHS #2347 | AT COST | $11,921,642 | $13,037,035 |
| GOLDMAN SACHS #1151 | AT COST | $3,482,061 | $3,884,961 |
| SCULPTOR REAL ESTATE IV PRIVATE INVESTORS OFFSHORE LP | AT COST | $163,434 | $150,306 |
| WEST STREET STRATEGIC SOLUTIONS OFFSHORE FEEDER I, LLC | AT COST | $375,000 | $374,806 |
| JACKSONVILLE TOWER FLORIDA LP | AT COST | $5,004,340 | $5,004,340 |
| GOLDMAN SACHS #9926 | AT COST | $3,772,717 | $3,843,781 |
| GOLDMAN SACHS #9868 | AT COST | $9,837,875 | $10,148,000 |
| GOLDMAN SACHS #9934 | AT COST | $5,825,944 | $5,850,633 |
| GOLDMAN SACHS #2968 | AT COST | $2,616,000 | $2,566,292 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FMV IN EXCESS OF CB FOR CONTRIBUTED STK | Desc |
| Amt | $19,840,559 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (10 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| BANK FEES -GOLDMAN SACHS #9868 | $1,929 | $1,929 | $0 | $0 |
| FMC STRUCTURED INCOME FUND LP | $993 | $993 | $0 | $0 |
| NYS DEP. OF LAW (FORM CHAR500) | $1,500 | $0 | $0 | $1,500 |
| BROAD SREET RE CREDIT PARTNERS III | $12,992 | $12,992 | $0 | $0 |
| CORE SENIOR LENDING OFFSHORE FUND PB, LP | $842 | $842 | $0 | $0 |
| BANK FEES - JPM#3006 | $44 | $44 | $0 | $0 |
| BANK FEES -GOLDMAN SACHS#1151 | $46,966 | $46,966 | $0 | $0 |
| BANK FEES -GOLDMAN SACHS#9926 | $3,125 | $3,125 | $0 | $0 |
| SCULPTOR REAL ESTATE IV PRIVATE INVESTORS OFFSHORE LP | $27,774 | $27,774 | $0 | $0 |
| BANK FEES -GOLDMAN SACHS #9868 | $2,191 | $2,191 | $0 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| FX GAIN/(LOSS) | $44,566 | $44,566 |
| BROAD STREET RE CREDIT PARTNERS III - OTHER INCOME | $568 | $568 |
| SCULPTOR REAL ESTATE IV PRIVATE INVESTORS OFFSHORE LP - OTHER INCOME | $24,119 | $24,119 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| MANAGEMENT FEES (CB CAPITAL) | $61,991 | $61,991 | $0 | $0 |
| MANAGEMENT FEES (JPM #8009) | $18,600 | $18,600 | $0 | $0 |
| ADVISOR FEES (FIDELITY #5861) | $99,560 | $99,560 | $0 | $0 |
| PROFESSIONAL FEES | $35,792 | $17,896 | $0 | $17,896 |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor Detail SubstantialContributorDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RAYMOND DEBBANE | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 750 LEXINGTON AVENUE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10022 | ZIPCd |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| CB CAPITAL ADVISORS (FTC) | $7,023 | $7,023 | $0 | $0 |
| FEDERAL TAX PAYMENT | $400,000 | $0 | $0 | $0 |
Comments