MICHAEL & MARGARET PICOTTE FOUNDATION INC: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- MICHAEL & MARGARET PICOTTE FOUNDATION INC (EIN 06-1307349)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-11-08
- IRS object ID
- 202123129349101852
- 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
- Investments Corp Stock Schedule
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-11-08T13:27:42-06:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SHADE TREE ADVISORS LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 268 BROADWAY SUITE 101B | AddressLine1Txt |
| City | SARATOGA SPRINGS | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 12866 | 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 | 061307349 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICHAEL AND MARGARET PICOTTE FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % SHADE TREE ADVISORS | InCareOfNm |
| Business Name Control | MICH | BusinessNameControlTxt |
| Phone | 5182909460 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 268 BROADWAY 101 C/O SHADE TREE | AddressLine1Txt |
| City | SARATOGA SPRINGS | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 12866 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARGARET L PICOTTE | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 5182909460 | PhoneNum |
| Signature | 2021-05-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MARGARET L | PersonFirstNm |
| Person Last | PICOTTE | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | GAVIN MCGILLIVRAY | PreparerPersonNm |
| PTIN | P01609828 | PTIN |
| Phone | 5182909460 | PhoneNum |
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 | $5,655,995 | 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 | $1,034,139 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $579 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $579 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $52,564 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $52,564 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $429,486 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $429,486 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $429,486 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $12,840 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $12,840 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $1,529,608 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $495,469 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $1,653 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $826 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $2,074 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $2,074 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $6,603 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $103 | TaxesNetInvstIncmAmt |
| Printing And Pub Rev And Expnss | $160 | PrintingAndPubRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $654 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $650 | OtherExpensesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $11,144 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $2,827 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $826 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $187,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $187,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $198,644 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $2,827 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $188,326 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $1,330,964 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $492,642 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $115,887 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $601,443 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $601,443 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $2,769,449 | CorporateStockBOYAmt |
| Corporate Stock EOY | $2,823,077 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $5,054,552 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $2,885,336 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,424,520 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $5,655,995 | TotalAssetsEOYFMVAmt |
| Grants Payable BOY | $60,000 | GrantsPayableBOYAmt |
| Grants Payable EOY | $30,000 | GrantsPayableEOYAmt |
| Total Liabilities BOY | $60,000 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $30,000 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $2,875,337 | CapitalStockBOYAmt |
| Capital Stock EOY | $3,394,520 | CapitalStockEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $2,875,337 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $3,394,520 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $2,875,337 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $3,424,520 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $2,875,337 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $1,330,964 | ExcessRevenueOverExpensesAmt |
| Other Increases | $30,000 | OtherIncreasesAmt |
| Subtotal | $4,236,301 | SubtotalAmt |
| Other Decreases | $841,781 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $3,394,520 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | CAPITAL GAIN DIVIDENDS | PropertyDesc |
| How Acquired | P | HowAcquiredCd |
| Gain Or Loss | $143,725 | GainOrLossAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $429,486 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $6,848 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $6,848 | SubtotalAmt |
| Tax Based On Investment Income | $6,848 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $5,024 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $7,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $12,024 | TotalPaymentsAndCreditsAmt |
| Overpayment | $5,176 | OverpaymentAmt |
| Applied To ES Tax | $5,176 | 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 | Yes (true) | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NY | 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 | Yes (true) | 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 | SHADE TREE ADVISORS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5182909460 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 268 BROADWAY SUITE 101 | AddressLine1Txt |
| City | SARATOGA SPRINGS | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 12866 | 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 |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| 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 (4 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 |
|---|---|---|---|---|---|---|---|---|
| MICHAEL B PICOTTE | ||||||||
| 220 SANFORD AVE | Palm Beach | FL | 33480 | Vice PRESIDENT | 1.0 | $0 | $0 | $0 |
| MARGARET L PICOTTE | ||||||||
| 220 SANFORD AVE | Palm Beach | FL | 33480 | President | 1.0 | $0 | $0 | $0 |
| NICOLE L SMITH | ||||||||
| 220 SANFORD AVE | Palm Beach | FL | 33480 | Secretary | 1.0 | $0 | $0 | $0 |
| MICHELLE H PICOTTE | ||||||||
| 220 SANFORD AVE | Palm Beach | FL | 33480 | TREASURER | 1.0 | $0 | $0 | $0 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER CHARITABLE ORGANIZATIONS | Description1Txt |
| Description2 | EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). | Description2Txt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $3,597,402 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $532,130 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $209,404 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $4,338,936 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $4,338,936 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $65,084 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $4,273,852 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $213,693 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $213,693 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $6,848 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $6,848 | TotalTaxAmt |
| Distributable Before Adj | $206,845 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $206,845 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $206,845 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $188,326 | 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 | $188,326 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $188,326 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $206,845 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $182,422 | UndistributedIncomePYAmt |
| Prior Year1 | 2018 | PriorYear1Yr |
| Prior Year2 | 2017 | PriorYear2Yr |
| Prior Year3 | 2016 | PriorYear3Yr |
| Excess Distribution Cyov Yr5 | $0 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $0 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $0 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $0 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $0 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $188,326 | QualifyingDistributionsAmt |
| Applied To Year1 | $182,422 | AppliedToYear1Amt |
| Applied To Current Year | $5,904 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Undistributed Income CY | $200,941 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
| Excess From Year3 | $0 | ExcessFromYear3Amt |
| Excess From Year2 | $0 | ExcessFromYear2Amt |
| Excess From Year1 | $0 | ExcessFromYear1Amt |
| Excess From Current Year | $0 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | MICHEAL B PICOTTE | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (22 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| Albany Med | |||||||
| 43 New Scotland Avenue | Albany | NY | 12208 | NONE | PC | General Charitable Purposes | $5,000 |
| Berkshire School | |||||||
| 245 North Undermountain Road | Sheffield | MA | 01257 | NONE | PC | General Charitable Purposes | $5,000 |
| Boston House | |||||||
| 229 Kent Street | Brookline | MA | 02446 | NONE | PC | General Charitable Purposes | $2,500 |
| Casa Myrna | |||||||
| 45 Blue Hill Avenue | Boston | MA | 02121 | NONE | PC | General Charitable Purposes | $5,000 |
| College of St Rose | |||||||
| 432 Western Avenue | Albany | NY | 12203 | NONE | General Charitable Purposes | $30,000 | |
| Community Foundation of the Capital Region | |||||||
| 2 Tower Place | Albany | NY | 12203 | NONE | PC | General Charitable Purposes | $25,000 |
| Villanova University | |||||||
| 800 Lancaster Avenue | Villanova | PA | 19085 | NONE | General Charitable Purposes | $10,000 | |
| Community Foundation of Palm Beach | |||||||
| 700 S Dixie Hwy 200 | West Palm Beach | FL | 33401 | NONE | PC | General Charitable Purposes | $25,000 |
| Manna on Main Street | |||||||
| 606 E Main St Suite 1001 | Lansdale | PA | 19446 | NONE | PC | General Charitable Purposes | $5,000 |
| Paul Robert Carey Foundation | |||||||
| 20 Corporate Woods Blvd Suite 600 | Albany | NY | 12211 | NONE | PC | General Charitable Purposes | $1,000 |
| Society of the four arts | |||||||
| 100 Four Arts Plaza | Palm Beach | FL | 33480 | NONE | PC | General Charitable Purposes | $10,000 |
| Kravis Center | |||||||
| 701 Okeechobee Boulevard | West Palm Beach | FL | 33401 | NONE | PC | General Charitable Purposes | $10,000 |
| Montgomery County SPCA | |||||||
| 19 E Ridge Pike PO Box 22 | Conshohocken | PA | 19428 | NONE | PC | General Charitable Purposes | $1,500 |
| Share Food Program | |||||||
| 2901 W Hunting Park Avenue | Philadelphia | PA | 19129 | NONE | PC | General Charitable Purposes | $5,000 |
| St Edwards Church | |||||||
| 220 Sanford Avenue | Palm Beach | FL | 33480 | NONE | General Charitable Purposes | $15,000 | |
| Sunday Breakfast Rescue | |||||||
| 302 N 13th St PO Box 297 | Philadelphia | PA | 19105 | NONE | PC | General Charitable Purposes | $5,000 |
| Trevor Project | |||||||
| PO Box 69232 | West Hollywood | CA | 90069 | NONE | PC | General Charitable Purposes | $2,500 |
| Greater Boston Food Bank | |||||||
| 70 S Bay Avenue | Boston | MA | 02118 | NONE | PC | General Charitable Purposes | $5,000 |
| Peggy Adams Animal Rescue League | |||||||
| 3200 N Military Trl 3100 | West Palm Beach | FL | 33409 | NONE | PC | General Charitable Purposes | $5,000 |
| Kids Against Hunger | |||||||
| PO Box 45344 | Omaha | NE | 68145 | NONE | PC | General Charitable Purposes | $5,000 |
| Michelle McGann Fund Inc | |||||||
| PO Box 13107 | North Palm Beach | FL | 33408 | NONE | General Charitable Purposes | $5,000 | |
| Dorset Theatre Festival | |||||||
| 104 Cheney Road | Dorset | VT | 05251 | NONE | PC | General Charitable Purposes | $5,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $187,500 | 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 | $579 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $52,564 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $12,840 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $429,486 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $495,469 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $495,469 | 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 (2 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|
| Michael and Margaret Picotte | ||||||
| 1 | 220 Sanford Avenue | Palm Beach | FL | 33480 | $81,035 | Yes (X) |
| Michael Picotte Revocable Trust | ||||||
| 2 | 220 Sanford Avenue | Palm Beach | FL | 33480 | $953,104 | Yes (X) |
Non Cash Property Contribution NonCashPropertyContributionGrp (9 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | 620 shares Schlumberger LTD | $9,805 | 2020-11-05 |
| 2 | 624 shares International Business Machines Corp | $71,230 | 2020-11-05 |
| 3 | 1000 shares Apple | $119,020 | 2020-11-09 |
| 4 | 1000 shares Berkshire Hathaway Inc Cl B | $221,620 | 2020-11-09 |
| 5 | 1100 shares Microsoft Corp | $245,300 | 2020-11-09 |
| 6 | 1800 shares American Express | $207,000 | 2020-11-09 |
| 7 | 170 shares Johnson & Johnson | $24,982 | 2020-11-09 |
| 8 | 200 shares Danaher Corp | $48,178 | 2020-11-09 |
| 9 | 400 shares McDonald's Corp | $87,004 | 2020-11-09 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $1,653 | Amt |
| Disbursements Charitable Prps | $826 | 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
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | FIDUCIARY TRUST 1300 | StockNm |
| EOY Book Value | $2,823,077 | EOYBookValueAmt |
| EOYFMV | $5,054,552 | EOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| APPRECIATION OVER DONOR'S BASIS FOR | $839,109 |
| OTHER ADJUSTMENTS | $2,672 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| NONDEDUCTIBLE FROM K-1S | $4 | |
| PORTFOLIO DEDUCTIONS FROM K-1S | $650 | $650 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| OTHER INCOME FROM K-1S | $41 | $41 |
| From Brokerage Accounts | $12,799 | $12,799 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| DECREASE IN GRANTS PAYABLE | $30,000 |
| OTHER ADJUSTMENTS | $0 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMENT MANAGEMENT FEES | CategoryTxt |
| Amt | $2,074 | Amt |
| Net Investment Income | $2,074 | NetInvestmentIncomeAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| FEDERAL TAXES | $6,500 | |
| FOREIGN TAXES FROM K-1S | $103 | $103 |
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