MAGNETAR CAPITAL FOUNDATION: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- MAGNETAR CAPITAL FOUNDATION (EIN 46-0807550)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-11-15
- IRS object ID
- 202133199349105898
- 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
- Depreciation Schedule
- General Explanation Attachment
- Legal Fees Schedule
- Other Expenses Schedule
- Other Income Schedule2
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-11-15T21:45:06-06:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERNST & YOUNG US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 155 N Wacker Drive | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60606 | 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 | 460807550 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MAGNETAR CAPITAL FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % ALLISON COCHRAN SR ACCT | InCareOfNm |
| Business Name Control | MAGN | BusinessNameControlTxt |
| Phone | 8479054400 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1603 ORRINGTON AVENUE | AddressLine1Txt |
| City | EVANSTON | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 602015018 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | barbara bernstein | PersonNm |
| Person Title | SECRETARY | PersonTitleTxt |
| Phone | 8479054400 | PhoneNum |
| Signature | 2021-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | barbara | PersonFirstNm |
| Person Last | bernstein | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KATHERINE E KURTZMAN | PreparerPersonNm |
| PTIN | P01236691 | PTIN |
| Phone | 3128792000 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | 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 | $333,188 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $1,753,298 | ContriRcvdRevAndExpnssAmt |
| Other Income Rev And Expnss | $19,539 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $639 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $1,772,837 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $639 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $4,187 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $4,187 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $34,428 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $39,675 | AccountingFeesChrtblPrpsAmt |
| Other Expenses Rev And Expnss | $320,554 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $386,372 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $359,169 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $430,234 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | -$55,355 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,042,876 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $303,814 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,473,110 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $1,469,023 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $639 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $4,700 | CashBOYAmt |
| Cash EOY | $318,743 | CashEOYAmt |
| Cash EOYFMV | $318,743 | CashEOYFMVAmt |
| Prepaid Expenses BOY | $27,311 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $14,445 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $14,445 | PrepaidExpensesEOYFMVAmt |
| Total Assets BOY | $32,011 | TotalAssetsBOYAmt |
| Total Assets EOY | $333,188 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $333,188 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $103,792 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $26,077 | AccountsPayableEOYAmt |
| Grants Payable BOY | $3,212,063 | GrantsPayableBOYAmt |
| Grants Payable EOY | $2,121,932 | GrantsPayableEOYAmt |
| Total Liabilities BOY | $3,315,855 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,148,009 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | -$3,283,844 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | -$1,814,821 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | -$3,283,844 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | -$1,814,821 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $32,011 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $333,188 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | -$3,283,844 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $1,469,023 | ExcessRevenueOverExpensesAmt |
| Subtotal | -$1,814,821 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | -$1,814,821 | TotNetAstOrFundBalancesEOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cap Gains Loss Tx Invst Incm Detail | CapGainsLossTxInvstIncmDetail |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $9 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $9 | SubtotalAmt |
| Tax Based On Investment Income | $9 | TaxBasedOnInvestmentIncomeAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $50 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $50 | TotalPaymentsAndCreditsAmt |
| Overpayment | $41 | OverpaymentAmt |
| Applied To ES Tax | $41 | 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 |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | 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 | IL | OrgReportOrRegisterStateCd |
| 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 | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | finedge.uchicago.edu | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALLISON COCHRAN SR ACCT | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8479054400 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1603 ORRINGTON AVENUE | AddressLine1Txt |
| City | EVANSTON | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 602015018 | 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 (6 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 |
|---|---|---|---|---|---|---|---|---|
| ALEC N LITOWITZ | ||||||||
| 1603 ORRINGTON AVENUE | EVANSTON | IL | 602015018 | PRESIDENT, DIRECTOR | 1.0 | $0 | $0 | $0 |
| BARBARA BERNSTEIN | ||||||||
| 1603 ORRINGTON AVENUE | EVANSTON | IL | 602015018 | SECRETARY | 1.0 | $0 | $0 | $0 |
| ROSS LASER | ||||||||
| 1603 ORRINGTON AVENUE | EVANSTON | IL | 602015018 | DIRECTOR | 0 | $0 | $0 | $0 |
| DAVID SNYDERMAN | ||||||||
| 1603 ORRINGTON AVENUE | EVANSTON | IL | 602015018 | DIRECTOR | 1.0 | $0 | $0 | $0 |
| ERNEST ROGERS | ||||||||
| 1603 ORRINGTON AVENUE | EVANSTON | IL | 602015018 | TREASURER THROUGH 7/1/2020 | 1.0 | $0 | $0 | $0 |
| NAOMI GUNASEKARAN | ||||||||
| 1603 ORRINGTON AVENUE | EVANSTON | IL | 602015018 | TREASURER AS OF 7/1/2020 | 1.0 | $0 | $0 | $0 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | OPERATION OF AN EDUCATIONAL PROGRAM CALLED FINEDGE, FORMERLY KNOWN AS MAGNETAR YOUTH ACADEMY. FINEDGE EDUCATES YOUTH ABOUT THE BASICS OF PERSONAL FINANCE AND INVESTING. | Description1Txt |
| Expenses1 | $77,678 | Expenses1Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $297,110 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $297,110 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $297,110 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $4,457 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $292,653 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $14,633 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $14,633 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $9 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $9 | TotalTaxAmt |
| Distributable Before Adj | $14,624 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $14,624 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $14,624 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,473,110 | 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 | $1,473,110 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,473,110 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $14,624 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2018 | PriorYear1Yr |
| Prior Year2 | 2017 | PriorYear2Yr |
| Prior Year3 | 2016 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $448,916 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $1,394,300 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $1,671,595 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $1,623,096 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $638,267 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $5,776,174 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,473,110 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Current Year | $14,624 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $1,458,486 | RemainingDistriFromCorpusAmt |
| Total Corpus | $7,234,660 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $448,916 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $6,785,744 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $1,394,300 | ExcessFromYear4Amt |
| Excess From Year3 | $1,671,595 | ExcessFromYear3Amt |
| Excess From Year2 | $1,623,096 | ExcessFromYear2Amt |
| Excess From Year1 | $638,267 | ExcessFromYear1Amt |
| Excess From Current Year | $1,458,486 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (34 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|
| ALS Therapy Development Institute | |||||||
| 300 Technology Square Suite 400 | Cambridge | MA | 02139 | PC | Charity Donation - General Support | $1,000 | |
| Youth & Opportunity United Inc | |||||||
| 1911 Church Street | Evanston | IL | 60201 | PC | Charity Donation - General Support | $5,000 | |
| Evanston Scholars | |||||||
| 1234 Sherman Avenue Suite 213 | Evanston | IL | 60202 | PC | Charity Donation - General Support | $2,500 | |
| Fudan Fuzhong Overseas Foundation Inc | |||||||
| 553 Wakefield Drive | Metuchen | NJ | 08840 | PC | Matching Gift - General Support | $100 | |
| St Jude Children's Hospital | |||||||
| 220 East 42nd Street | New York | NY | 10017 | PC | Matching Gift - General Support | $300 | |
| University of Michigan | |||||||
| 500 S State Street | Ann Arbor | MI | 48109 | PC | Matching Gift - General Support | $300 | |
| Help Our Military Heros | |||||||
| 15 Pheasant Lane | Easton | CT | 06612 | PC | Matching Gift - General Support | $300 | |
| University of Chicago | |||||||
| 5801 S Ellis Avenue | CHICAGO | IL | 60637 | PC | Matching Gift - General Support | $200 | |
| Youth Services of Glenview-Northbrook | |||||||
| 3080 W Lake Ave | Glenview | IL | 60026 | PC | Matching Gift - General Support | $150 | |
| District 39 Educational Foundation | |||||||
| 615 Locust Road | Wilmette | IL | 60091 | PC | Matching Gift - General Support | $100 | |
| Peking University Alumni Association in Chicago | |||||||
| 4763 Wellington Dr | Long Grove | IL | 60047 | PC | Matching Gift - General Support | $300 | |
| Children's Cancer Research Fund | |||||||
| 7301 Ohms Lane | Minneapolis | MN | 55439 | PC | Matching Gift - General Support | $150 | |
| Lollypop Farm The Human Soc of Greater Rochester | |||||||
| 99 Victor Road | Fairport | NY | 14450 | PC | Charity Donation - General Support | $500 | |
| Xilin North Shore Chinese School | |||||||
| 4957 Oakton St | Skokie | IL | 60077 | PC | Matching Gift - General Support | $200 | |
| The Public Theater | |||||||
| 425 Lafayette Street | NEW YORK | NY | 10003 | PC | Matching Gift - General Support | $300 | |
| Make-A-Wish Illinois | |||||||
| 640 North LaSalle Drive | CHICAGO | IL | 60654 | PC | Matching Gift - General Support | $100 | Suite 280 |
| University of Notre Dame | |||||||
| 1100 Grace Hall | Notre Dame | IN | 465565612 | PC | Matching Gift - General Support | $100 | |
| Dream Catchers | |||||||
| PO Box 1261 | Williamsburg | VA | 23187 | PC | Matching Gift - General Support | $300 | |
| World Wildlife Fund | |||||||
| 1250 24th Street NW | Washington | DC | 20037 | PC | Matching Gift - General Support | $100 | |
| Winnetka Public School Foundation | |||||||
| P O Box 97 | Winnetka | IL | 60093 | PC | Matching Gift - General Support | $100 | |
| Greater Chicago Food Depository | |||||||
| 4100 W Ann Lurie Place | CHICAGO | IL | 60632 | PC | Matching Gift - General Support | $250 | |
| Carver Center | |||||||
| 400 Westchester Avenue | Port Chester | NY | 10573 | PC | Matching Gift - General Support | $300 | |
| Northern Illinois Food Bank | |||||||
| 273 Dearborn Court | Geneva | IL | 60134 | PC | Matching Gift - General Support | $250 | |
| Evanston Community Foundation | |||||||
| 1560 Sherman Ave Ste 535 | Evanston | IL | 60201 | PC | Charity Donation - General Support | $15,000 | |
| United Way of Metro Chicago | |||||||
| 333 S Wabash Ave Ste 30 | CHICAGO | IL | 60604 | PC | Matching Gift - General Support | $300 | |
| Feed My Starving Children | |||||||
| 401 93rd Avenue NW | Minneapolis | MN | 55433 | PC | Matching Gift - General Support | $51 | |
| St Ignatius | |||||||
| 6559 N Glenwood Ave | Chicago | IL | 60626 | PC | Matching Gift - General Support | $200 | |
| Transgender Law Center | |||||||
| PO Box 70976 | Oakland | CA | 94612 | PC | Matching Gift - General Support | $200 | |
| Bedford Stuvvesant Restoration Corp | |||||||
| 1368 Fulton Street | Brooklyn | NY | 11216 | PC | Charity Donation - General Support | $9,850 | |
| Center on Halsted | |||||||
| 3656 N Halsted | Chicago | IL | 60613 | PC | Matching Gift - General Support | $350 | |
| My Block My Hood My City | |||||||
| 47 W Polk Street Suite 100 | Chicago | IL | 60605 | PC | Charity Donation - General Support | $3,525 | |
| Doctors without Borders | |||||||
| 40 Rector St 16th Floor | NEW YORK | NY | 10006 | PC | Charity Donation - General Support | $200 | |
| Legal Defense and Education Fund | |||||||
| 40 Rector Street 5th Floor | NEW YORK | NY | 10006 | PC | Charity Donation - General Support | $300 | |
| university of chicago | |||||||
| 5801 s ellis avenue | chicago | IL | 60637 | PC | collaboration grants - university of chicago | $1,000,000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,042,876 | 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 | |
| Div And Int From Sec Part VII | DivAndIntFromSecPartVIIGrp | |
| 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 | |
| Gain Sales Ast Oth Than Invntry | GainSalesAstOthThanInvntryGrp | |
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ROYALTY INCOME | Desc |
| Exclusion | 15 | ExclusionCd |
| Exclusion | $639 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $639 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $639 | 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 (20 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|
| GOLDMAN SACHS | ||||||
| 1 | 71 S WACKER DRIVE SUITE 500 | CHICAGO | IL | 60606 | $13,200 | Yes (X) |
| MAGNETAR CAPITAL LLC | ||||||
| 2 | 1603 Orrington Ave Ste 1300 | Evanston | IL | 60201 | $1,460,548 | Yes (X) |
| CITIGROUP INC | ||||||
| 3 | 3800 Citibank Center Dr G3-4 | TAMPA | FL | 33610 | $13,200 | Yes (X) |
| DOUBLE EAGLE | ||||||
| 4 | 3724 Hulen Street | Fort Worth | TX | 76107 | $15,000 | Yes (X) |
| NORTHERN TRUST | ||||||
| 5 | PO Box 75965 | CHICAGO | IL | 60675 | $13,200 | Yes (X) |
| ERNST YOUNG | ||||||
| 6 | 155 NORTH WACKER DRIVE 2000 | CHICAGO | IL | 60606 | $6,700 | Yes (X) |
| JACK CONNERY | ||||||
| 7 | 10 S DEARBORN STREET FLOOR 5 | CHICAGO | IL | 60603 | $6,600 | Yes (X) |
| Ross Stevens Deborah Stevens | ||||||
| 8 | 501 Madison Avenue | NEW YORK | NY | 10022 | $25,000 | Yes (X) |
| Pharrell Williams | ||||||
| 9 | 1603 ORRINGTON AVENUE | EVANSTON | IL | 602015018 | $25,000 | Yes (X) |
| SHAPACK DEVELOPMENT CO SHAPACK PA | ||||||
| 10 | 220 N Ada Street | CHICAGO | IL | 60607 | $25,000 | Yes (X) |
| SCOTT A NATHAN CHARITABLE TRUST | ||||||
| 11 | 31 St James Avenue No 740 | BOSTON | MA | 02116 | $25,000 | Yes (X) |
| Litowitz Household | ||||||
| 12 | 610 Longwood Avenue | Glencoe | IL | 60022 | $25,000 | Yes (X) |
| Latham Watkins LLP | ||||||
| 13 | 555 West Fifth Street SUITE 800 | Los Angeles | CA | 90013 | $13,200 | Yes (X) |
| Paribas USA Inc | ||||||
| 14 | 787 Seventh Avenue | NEW YORK | NY | 10019 | $13,200 | Yes (X) |
| Chris Deveny | ||||||
| 15 | 9 South Dearborn Floor 5 | CHICAGO | IL | 60603 | $6,600 | Yes (X) |
| David R Wilansky Rebekah H Park | ||||||
| 16 | 2847 N Halsted St | CHICAGO | IL | 60657 | $5,000 | Yes (X) |
| Bank of America Corp | ||||||
| 17 | 3400 Pawtucket Av R11-530-01-16 | East Providence | RI | 02915 | $38,755 | Yes (X) |
| Brendan Carroll Colleen M Carroll | ||||||
| 18 | 20 Fox Ln | Winnetka | IL | 60093 | $5,000 | Yes (X) |
| MAB Capital Management | ||||||
| 19 | 119 W Hubbard 5th FL | CHICAGO | IL | 60654 | $5,000 | Yes (X) |
| Mark Muller | ||||||
| 20 | 1653 Hickory Street | Highland Park | IL | 60035 | $5,000 | Yes (X) |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $34,428 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $39,675 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | finedge | IdentifierTxt |
| Form And Line Reference | part ix,-a | FormAndLineReferenceDesc |
| Medium Explanation | THE FOUNDATION SUPPORTS THE OPERATION OF FINEDGE, FORMERLY KNOWN AS MAGNETAR YOUTH INVESTMENT ACADEMY. IN 2019 THE ACADEMY WAS REBRANDED AND REPLACED BY FINEDGE. FINEDGE IS A UNIQUE, HANDS-ON, INNOVATIVE FINANCIAL LITERACY PROGRAM FOR HIGH SCHOOL STUDENTS, WITH AN EMPHASIS OF OFFERING THE PROGRAM IN HIGH SCHOOLS IN ECONOMICALLY DISADVANTAGED COMMUNITIES. AS OF DECEMBER 31, 2020, FINEDGE WAS OPERATING IN 41 HIGH SCHOOLS NATIONWIDE THAT LARGELY SERVE LOW-INCOME STUDENTS. FINEDGE IS A SINGLE-SEMESTER HIGH SCHOOL FINANCIAL EDUCATION CURRICULUM, WHICH TEACHES IN WAYS STUDENTS LEARN BEST, OFFERING CAREFULLY-DESIGNED COURSEWORK THAT ENCOURAGES QUESTIONING, DISCUSSING, AND APPLYING CONCEPTS TO ONE'S OWN UNIQUE FINANCIAL SITUATION. ITS MODULES BUILD OFF EACH OTHER TO HELP STUDENTS DEVELOP THEIR OWN ATTITUDES AND POSITIVE BEHAVIORS AROUND MONEY, WHILE SHARPENING THEIR FINANCIAL DECISION-MAKING SKILLS. STUDENT EVENTS INCLUDE A DAY-LONG INVESTMENT COMPETITION, MAGNETAR STOCK TRADING CHALLENGE, DURING WHICH HIGH SCHOOL TEAMS BUILD AND MANAGE A MOCK INVESTMENT PORTFOLIO OVER THREE ECONOMIC CYCLES. GRANTS ARE AWARDED TO THE HIGH SCHOOLS WHOSE TEAMS' PORTFOLIOS PERFORM AT THE HIGHEST LEVELS. MAGNETAR CAPITAL FOUNDATION ALSO PROVIDES GRANT PAYMENTS TO VARIOUS PUBLIC CHARITIES THROUGH INTERNAL REQUESTS BY THE MAGNETAR CAPITAL EMPLOYEES. THIS PORTION OF THE APPLICATION PROCESS IS NOT OPEN TO THE PUBLIC. | MediumExplanationTxt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $4,187 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $4,187 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| FLITE GALA | $226,915 | $0 | $0 | $292,762 |
| CHALLENGE PRIZE | $69,721 | $0 | $0 | $69,721 |
| INSURANCE | $14,577 | $0 | $0 | $14,577 |
| FINEDGE MATERIALS | $8,107 | $0 | $0 | $8,107 |
| FILING FEES | $925 | $0 | $925 | |
| DUES AND SUBSCRIPTIONS | $215 | $0 | $215 | |
| OFFICE EXPENSES | $94 | $0 | $0 | $65 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| FLITE GALA | $18,900 | |
| ROYALTY INCOME | $639 | $639 |
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