BETA

JOSEPH & VICKY SAFRA FOUNDATION INC: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
JOSEPH & VICKY SAFRA FOUNDATION INC (EIN 06-1640434)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-08-11
IRS object ID
202522239349100012
Schema version
2024v5.2
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 ReturnHeader

FieldValueIRS element (for citing)
Return2025-08-11T10:07:24-04:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN061640434EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JOSEPH SAFRA FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% CARLOS BERTACOInCareOfNm
Business Name ControlJOSEBusinessNameControlTxt
Phone2127045596PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1546 5TH AVENUE 2ND FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10036ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCARLOS BERTACOPersonNm
Person TitleDIRECTORPersonTitleTxt
Phone2127045596PhoneNum
Signature2025-08-11SignatureDt
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$28,458,601FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$14,000,000ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$975,735InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$975,735InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$179,065DividendsRevAndExpnssAmt
Dividends Net Invst Incm$179,065DividendsNetInvstIncmAmt
Total Rev And Expnss$15,154,800TotalRevAndExpnssAmt
Total Net Invst Incm$1,154,800TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Other Expenses Rev And Expnss$19,819OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$19,819TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$8,953,986ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$8,953,986ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$8,973,805TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$8,953,986TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$6,180,995ExcessRevenueOverExpensesAmt
Net Investment Income$1,154,800NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$2,234,126CashBOYAmt
Cash EOY$441,396CashEOYAmt
Cash EOYFMV$441,396CashEOYFMVAmt
Sav And Temp Cash Invst BOY$17,618,291SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$27,589,473SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$27,589,473SavAndTempCashInvstEOYFMVAmt
Corporate Bonds BOY$2,509,703CorporateBondsBOYAmt
Corporate Bonds EOY$502,232CorporateBondsEOYAmt
Corporate Bonds EOYFMV$427,732CorporateBondsEOYFMVAmt
Total Assets BOY$22,362,120TotalAssetsBOYAmt
Total Assets EOY$28,533,101TotalAssetsEOYAmt
Total Assets EOYFMV$28,458,601TotalAssetsEOYFMVAmt
Other Liabilities BOY$2,907OtherLiabilitiesBOYAmt
Other Liabilities EOY-$6,278OtherLiabilitiesEOYAmt
Total Liabilities BOY$2,907TotalLiabilitiesBOYAmt
Total Liabilities EOY-$6,278TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$7,576,137CapitalStockBOYAmt
Capital Stock EOY$12,622,258CapitalStockEOYAmt
Retained Earning BOY$14,783,076RetainedEarningBOYAmt
Retained Earning EOY$15,917,121RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$22,359,213TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$28,539,379TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$22,362,120TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$28,533,101TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$22,359,213TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$6,180,995ExcessRevenueOverExpensesAmt
Subtotal$28,540,208SubtotalAmt
Other Decreases$829OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$28,539,379TotNetAstOrFundBalancesEOYAmt
FieldValueIRS element (for citing)
Cap Gains Loss Tx Invst Incm DetailCapGainsLossTxInvstIncmDetail

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$16,052InvestmentIncomeExciseTaxAmt
Subtotal$16,052SubtotalAmt
Tax Based On Investment Income$16,052TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$20,000EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$20,000TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$0EsPenaltyAmt
Overpayment$3,948OverpaymentAmt
Applied To ES Tax$3,948AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateNYOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1CARLOS BERTACOBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2127045596PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1546 5TH AVENUE 2ND FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10036ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
JACOB SAFRA
546 5TH AVENUE 2ND FLOORNEW YORKNY10036DIRECTOR, PART TIME0$0$0$0
CARLOS BERTACO
546 5TH AVENUE 2ND FLOORNEW YORKNY10036DIRECTOR, PART TIME0$0$0$0
DAVID SAFRA
546 5TH AVENUE 2ND FLOORNEW YORKNY10036DIRECTOR, PART TIME0$0$0$0
VICKY SAFRA
546 5TH AVENUE 2ND FLOORNEW YORKNY10036DIRECTOR, PART TIME0$0$0$0

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT ACTIVITIES, ITS PRIMARY PURPOSE IS THE SUPPORT BY CONTRIBUTION TO OTHER ORGANIZATIONS EXEMPT UNDERDescription1Txt
Description2INTERNAL REVENUE CODE SECTION 501(C)(3)Description2Txt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1NONEDescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$21,273,439AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$1,149,210AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$22,422,649TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$22,422,649AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$336,340CashDeemedCharitableAmt
Net Vl Noncharitable Assets$22,086,309NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,104,315MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,104,315MinimumInvestmentReturnAmt
Tax Based On Investment Income$16,052TaxBasedOnInvestmentIncomeAmt
Total Tax$16,052TotalTaxAmt
Distributable Before Adj$1,088,263DistributableBeforeAdjAmt
Distributable Before Ded$1,088,263DistributableBeforeDedAmt
Distributable As Adjusted$1,088,263DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$8,953,986ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$8,953,986QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,088,263DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Prior Year12022PriorYear1Yr
Prior Year22021PriorYear2Yr
Prior Year32020PriorYear3Yr
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr5$4,334,655ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$5,002,346ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$5,250,329ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$5,895,877ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$10,541,857ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$31,025,064TotalExcessDistributionCyovAmt
Qualifying Distributions$8,953,986QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Current Year$1,088,263AppliedToCurrentYearAmt
Remaining Distri From Corpus$7,865,723RemainingDistriFromCorpusAmt
Total Corpus$38,890,787TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$4,334,655ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$34,556,132ExcessDistriCyovToNextYrAmt
Excess From Year4$5,002,346ExcessFromYear4Amt
Excess From Year3$5,250,329ExcessFromYear3Amt
Excess From Year2$5,895,877ExcessFromYear2Amt
Excess From Year1$10,541,857ExcessFromYear1Amt
Excess From Current Year$7,865,723ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1SEE STATEMENT ATTACHEDBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1VARIOUS RECIPIENTAddressLine1Txt
CityVARIOUUSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP000000000ZIPCd
FieldValueIRS element (for citing)
Grant Or Contribution PurposeCHARITABLE PURPOSES.GrantOrContributionPurposeTxt
Amt$8,953,986Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$8,953,986TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Program Service Revenue Dtl ProgramServiceRevenueDtl

FieldValueIRS element (for citing)
DescCONTRIBUTIONSDesc
Exclusion$14,000,000ExclusionAmt
FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$975,735ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$179,065ExclusionAmt
FieldValueIRS element (for citing)
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment IncomeOtherInvestmentIncomeGrp
Gain Sales Ast Oth Than InvntryGainSalesAstOthThanInvntryGrp
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$15,154,800ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$15,154,800TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

FieldValueIRS element (for citing)
Line NumberN/ALineNumberTxt
Relationship StatementNOT APPLICABLERelationshipStatementTxt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch

All Other Program Related Invst AllOtherProgramRelatedInvstGrp

FieldValueIRS element (for citing)
DescNONEDesc

Depreciation Schedule DepreciationSchedule

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp (2 entries)

BondBondNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
GOLDMAN SACHS CAPITAL II$502,232$427,732
ITAU UNIBANCO$0$0

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescREVALUED FORWARD HEDGEDesc

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescNET UNREALIZED LOSS ON FORWARD HEDGESDesc
Amt$829Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
BANK CHARGES$3,626
FEDERAL TAX$16,113
LEGAL FEES$80

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescTAX PAYABLE/CHECKS PAYABLEDesc
BOY Book Value$2,907BOYBookValueAmt
EOY Book Value-$6,278EOYBookValueAmt

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.