2021-05-11T09:24:42-05:00 2020-12-31 Foundation Source One Hollow Ln Ste 212 Lake Success NY 11042 990PF 2020-01-01 200856943 The Doug and Betsey Schwab and Family Foundation Inc % Foundation Source DOUG 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 ELIZABETH HURWITZ-SCHWAB PRESIDENT 8008391754 2021-05-02 true ELIZABETH HURWITZ-SCHWAB 999009999 Jeffrey D Haskell P01345770 8008391754 2020 2022-09-23 18:48:47Z X 980851 X 632163 33 33 9184 9184 39604 600199 430406 680984 439623 0 6168 6168 971 5025 5025 12164 6168 5025 112500 112500 124664 6168 117525 556320 433455 16240 25144 25144 310398 857814 955707 326638 882958 980851 0 0 X 326638 882958 326638 882958 326638 882958 326638 556320 882958 882958 Publicly-traded Securities 600199 169793 430406 430406 430406 6025 6025 6025 500 0 500 X 5525 false false false false false false true true true DE true false false false false true Foundation Source 8008391754 501 Silverside Road Suite 123 Wilmington DE 198091377 false false false false false false false false false false false false false false false false false false false false false Elizabeth J Hurwitz-Schwab Foundation Source 501 Silverside Rd Wilmington DE 198091377 Pres, Dir, Sec 1.0 0 0 0 Abraham Schwab Foundation Source 501 Silverside Rd Wilmington DE 198091377 VP 1.0 0 0 0 Douglas Schwab Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, VP 1.0 0 0 0 Eli Schwab Foundation Source 501 Silverside Rd Wilmington DE 198091377 VP 1.0 0 0 0 566192 11905 0 578097 0 578097 8671 569426 28471 28471 6025 6025 22446 22446 22446 117525 0 0 0 0 117525 0 117525 22446 2018 2017 2016 136130 132438 96089 67039 112121 543817 117525 22446 95079 638896 0 136130 502766 132438 96089 67039 112121 95079 Douglas Schwab Elizabeth J Hurwitz-Schwab X ALLEGANY ARTS COUNCIL INC 9 N CENTRE ST CUMBERLAND MD 21502 N/A PC Charitable Event 1000 AMERICAN FOUNDATION FOR SUICIDE PREVENTION 199 WATER ST 11TH FL NEW YORK NY 10038 N/A PC General & Unrestricted 2500 B'ER CHAYIM CONGREGATION 107 UNION ST CUMBERLAND MD 21502 N/A PC Reserve Fund donation 12500 BOY SCOUTS OF AMERICA FLAG PLZ 1275 BEDFORD AVE PITTSBURGH PA 15219 N/A PC General & Unrestricted 10000 BOY SCOUTS OF AMERICA FLAG PLZ 1275 BEDFORD AVE PITTSBURGH PA 15219 N/A PC FOS for Board, District, and Match 10000 COUNTY UNITED WAY INC 113A S CENTRE ST CUMBERLAND MD 21502 N/A PC General & Unrestricted 10000 CUMBERLAND SUMMER THEATER 101 N JOHNSON ST CUMBERLAND MD 21502 N/A PC General & Unrestricted 2500 EVERGREEN HERITAGE CENTER FOUNDATION INC 101 BRADDOCK HTS FROSTBURG MD 21532 N/A PC General & Unrestricted 2000 EXPERIMENTAL STATION 6100 S BLACKSTONE AVE CHICAGO IL 60637 N/A PC Market Box & Santa Box Project 960 FAIR FIGHT INITIATIVE 410 E BAY ST SAVANNAH GA 31401 N/A PC General & Unrestricted 1500 FAMILY CRISIS RESOURCE CENTER INC 146 BEDFORD ST CUMBERLAND MD 21502 N/A PC General & Unrestricted 10000 HYDE PARK NEIGHBORHOOD CLUB 5480 S KENWOOD AVE CHICAGO IL 60615 N/A PC For the 2020 Learning Leadership Fund Campaign Scholarship 4040 JANES PLACE INC 26 GREENE ST CUMBERLAND MD 21502 N/A PC General & Unrestricted 15000 JEWISH MUSEUM 1109 5TH AVE NEW YORK NY 10128 N/A PC Jewish Acquisitions Committee Membership 7500 MOCKINGBIRD FOUNDATION INC 12407 WILLOW GROVE CT MOORPARK CA 93021 N/A PC General & Unrestricted 2000 NAMI 4301 WILSON BLVD STE 300 ARLINGTON VA 22203 N/A PC General & Unrestricted 2500 SOUTH SIDE COMMUNITY ART CENTER 3831 S MICHIGAN AVE CHICAGO IL 60653 N/A PC General & Unrestricted 2500 WAMBA CHARITIES INC PO BOX 432 CUMBERLAND MD 21501 N/A PC Charitable Event 10000 WASHINGTON AND JEFFERSON COLLEGE 60 S LINCOLN ST WASHINGTON PA 15301 N/A PC W&J Fund 5000 WESTERN MARYLAND FOOD BANK INC 816 FREDERICK ST CUMBERLAND MD 21501 N/A PC General & Unrestricted 1000 112500 14 33 14 9184 18 39604 48821 48821 false false false false false false false false false false X X 1 Schwab Douglas 835 MacDonald Terrace Cumberland MD 21502 632163 X 1 FACEBOOK INC FB, 2500 sh. 632163 2020-08-03 FACEBOOK INC 202292 218528 ISHARES S&P 500 GROWTH INDEX F 17162 29357 ISHARES TR S & P MIDCAP 400 IN 38371 48264 MORGAN STANLEY INST GLOBAL OPP 126703 149029 MORGAN STANLEY INSTITUTIONAL F 269516 293499 PIMCO INCOME FUND P CLASS 153911 158768 SPDR S&P DIVIDEND ETF 49859 58262 As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2020, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $112,500. This amount represents 25% or more of the Foundation's net assets of $371,023(as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2020. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a; each such grant was made solely for the charitable purpose specified therein. Administrative Fees 5000 5000 State or Local Filing Fees 25 25 Investment Management Services 6168 6168 990-PF Estimated Tax for 2020 500 990-PF Excise Tax for 2019 471