2021-12-09T09:02:21-06:00 2020-12-31 NEW YORK-HURRICANE IDA Foundation Source One Hollow Ln Ste 212 Lake Success NY 11042 990PF 2020-01-01 814657113 The 297 Foundation % Foundation Source 297F 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 ALLEN HALLIDAY PRESIDENT 8008391754 2021-12-08 true ALLEN HALLIDAY 999009999 Jeffrey D Haskell P01345770 8008391754 2020 2022-09-23 18:48:47Z X X 5681413 X 1025000 340 340 83395 83395 24869 24869 24869 1133604 108604 0 15268 15268 600 21217 21217 37085 15268 21217 135000 135000 172085 15268 156217 961519 93336 1033225 73451 73451 2960236 4881529 5607962 3993461 4954980 5681413 0 0 X 3993461 4954980 3993461 4954980 3993461 4954980 3993461 961519 4954980 4954980 Publicly-traded Securities 24869 0 24869 24869 24869 1297 1297 1297 728 0 569 1297 X false false false false true false false true true DE true false false false true 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 Allen Halliday Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Pres 1.0 0 0 0 Grace M Halliday Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Sec, Treas 1.0 0 0 0 4083881 123666 0 4207547 0 4207547 63113 4144434 207222 207222 1297 1297 205925 205925 205925 156217 0 0 0 0 156217 0 156217 205925 152909 2018 2017 2016 156217 152909 3308 0 0 202617 0 0 Allen Halliday Grace M Halliday X SCHWAB CHARITABLE FUND 211 MAIN ST SAN FRANCISCO CA 94105 N/A PC Halliday Family Charitable donor advisor Fund 135000 135000 14 340 14 83395 18 24869 108604 108604 false false false false false false false false false false X X 1 Halliday Allen 5449 Normandy Avenue Memphis TN 38120 1025000 X ARTISAN GLOBAL VALUE FUND INVE 160872 171465 CHARLES SCHWAB INTRNTNL EQ 398616 424630 DB X TRACKERS MSCI EUROPE HEDG 338622 346743 DOUBLELINE TOTAL RETURN BOND 251767 253830 ISHARE SP SMALL CAP 600 INDEX 260882 309152 PRESERVER ALTERNATIVE OPPORTUN 263440 284014 RTISAN GLOBAL OPPORTUNITIES 130993 171099 SCHWAB 1000 INDEX FD 652448 795348 SCHWAB STRATEGIC TR US LARGE C 359578 376587 SCHWAB U.S. LARGE-CAP GROWTH 234352 375214 SCHWAB US DIVIDEND EQUITY ETF 439004 516648 SCHWAB US MID CAP 399132 486464 SPDR DOW JONES INDUSTRIAL AVER 406445 460520 VANGUARD FTSE EUROPEAN ETF 342071 353970 WISDOMTREE INTERNATIONAL HDGD 243307 282278 Administrative Fees 21192 21192 State or Local Filing Fees 25 25 Investment Management Services 15268 15268 The 297 Foundation (EIN: 81-4657113) respectfully requests abatement of any penalties for late filing of Form 990-PF for taxable year ending December 31, 2020 because the delay was inadvertent, unintended, and due to reasonable causes. Treasury Regulations Section 301.6651-1(c)(1) defines reasonable cause by asking whether the taxpayer exercised ordinary business care and prudence. The Foundation exercised care and prudence in seeking a reputable firm knowledgeable about exempt organizations to prepare its Form 990-PF for tax period ending 12/31/2020. The Foundation's 2020 Form 990-PF return was timely filed on April 22, 2021. The return was originally mailed to the IRS, but was returned along with a notice instructing the Foundation to submit the return electronically. The Foundation's administrator advised the Foundation to submit the return for paper filing initially because at the time the return was filed, the administrator's tax software was unable to transmit returns marked with a "name change" to be e-filed, since the IRS had never allowed for that before. It wasn't until the Foundation received an IRS notice dated November 1, 2021, that the administrator became aware that the IRS now accepts short period initial returns via e-file and that the software's capability had been updated. The foundation's administrator is now submitting the return via e-file, and the delay in filing Form 990-PF for the taxable year ending 2020 is no fault or willful neglect of the foundation. According to the standards set forth in Rev. Proc. 92-85, we believe the Foundation's actions were reasonable and in good faith. These administrative actions were in no way an intentional disregard of the IRS rules and therefore entitled to abatement of any penalty. The organization acted in good faith in complying with the filing deadline and in rectifying the situation as soon as it was known. Therefore, we again request that no penalty be assessed for late filing. 990-PF Estimated Tax for 2020 600