2021-09-28T09:13:28-05:00 2020-12-31 FOUNDATION SOURCE ONE HOLLOW LN STE 212 LAKE SUCCESS NY 11042 990PF 2020-01-01 204480084 The Lodestar Foundation % Foundation Source LODE 6029562699 4455 East Camelback Road 215A Phoenix AZ 85018 LOIS SAVAGE PRESIDENT 8008391754 2021-09-07 true LOIS SAVAGE 999009999 Jeffrey D Haskell P01345770 8008391754 2020 2022-09-23 18:48:47Z X 196634 X 930293 503 503 1787 1787 20949 774742 286150 953532 288440 0 149 0 0 149 68930 68930 7607 839 839 35719 35719 4410 4410 20976 30 20925 138630 30 0 130972 886378 886378 1025008 30 0 1017350 -71476 288410 51998 79021 79021 211051 112552 117613 263049 191573 196634 0 0 X 263049 191573 263049 191573 263049 191573 263049 -71476 191573 191573 Publicly-traded Securities 774742 488592 286150 286150 286150 4009 4009 4009 2900 0 1110 4010 X 2 1 false false false false false false true true true AZ true false false false false true Foundation Source 8008391754 501 Silverside Road Suite 123 Wilmington DE 198091377 false false false false true false false false false false false false false false false false false false false false false false I Jerome Hirsch 4455 East Camelback Road 215A Phoenix AZ 85018 Dir, Sec 5.0 0 0 0 Lois Savage 4455 East Camelback Road 215A Phoenix AZ 85018 Pres 5.0 0 0 0 43289 147531 0 190820 0 190820 2862 187958 9398 9398 4009 4009 5389 5389 5389 1017350 0 0 0 0 1017350 0 1017350 5389 2018 2017 2016 741934 981233 1067081 929068 1085977 4805293 1017350 5389 1011961 5817254 0 930293 4886961 792874 1067081 929068 1085977 1011961 I Jerome Hirsch X ALLIANCE OF ARIZONA NONPROFITS 333 E OSBORN RD STE 245 PHOENIX AZ 85012 N/A PC exploration of a sustained collaboration between the Alliance of Arizona Nonprofits and Arizona Grantmakers Forum 10000 ARIZONA GRANTMAKERS FORUM 2201 E CAMELBACK RD RM 405B PHOENIX AZ 85016 N/A PC Wolfe Naimark Policy and Strategy - preliminary analysis of government funding proposal 7500 BRIDGE ALLIANCE EDUCATION FUND 214 S ALLEN ST STATE COLLEGE PA 16801 N/A PC General & Unrestricted 10000 BROOKINGS INSTITUTION 1775 MASS AVE NW WASHINGTON DC 20036 N/A PC the Standing project 100000 CENTRAL ARIZONA SHELTER SERVICES INC 230 S 12TH AVE PHOENIX AZ 85007 N/A PC Regional Homeless Shelter and Housing Task Force 22500 CITIZENS FOR RESPONSIBILITY AND ETHICS IN WASHINGT 1101 K ST NW WASHINGTON DC 20005 N/A PC General & Unrestricted 25000 COALITION FOR INTEGRITY INC 1023 15TH ST NW STE 300 WASHINGTON DC 20005 N/A PC General Operations for Annual Gala 10000 CONCORD REGIONAL VISITING NURSE ASSOCIATION INC 30 PILLSBURY ST CONCORD NH 03301 N/A PC exploration of a merger between Concord Regional VNA and NH VNA & Hospice 25000 EXPERIENCE MATTERS CONSORTIUM INC 360 E CORONADO RD STE 170 PHOENIX AZ 85004 N/A PC Charitable Event 5000 FLORENCE IMMIGRANT AND REFUGEE RIGHTS PROJECT INC PO BOX 86299 TUCSON AZ 85754 N/A PC General & Unrestricted 1000 GLOBAL IMPACT 1199 N FAIRFAX ST STE 300 ALEXANDRIA VA 22314 N/A PC Philanthropy Together 80000 K2 ADVENTURES FOUNDATION 20645 N PIMA RD STE 100 SCOTTSDALE AZ 85255 N/A PC General & Unrestricted 5000 MCE SOCIAL CAPITAL 5758 GEARY BLVD 261 SAN FRANCISCO CA 94121 N/A PC General & Unrestricted 605 OPPORTUNITY ON DECK 4420 104TH ST APT 11 URBANDALE IA 50322 N/A PC to support the Merger between Opportunity on Deck and Can Play 7500 PHILADELPHIA FOUNDATION 1835 MARKET ST STE 2410 PHILADELPHIA PA 19103 N/A PC Greater Philadelphia Repositioning Initiative 20000 PHILADELPHIA FOUNDATION 1835 MARKET ST STE 2410 PHILADELPHIA PA 19103 N/A PC Greater Philadelphia Repositioning Initiative 20000 PROTECT DEMOCRACY PROJECT 2020 PENNSYLVANIA AVE NW 163 WASHINGTON DC 20006 N/A PC General & Unrestricted 25000 REPORTERS COMMITTEE FOR FREEDOM OF THE PRESS 1156 15TH ST NW STE 1020 WASHINGTON DC 20005 N/A PC Free Expression Legal Network staff infrastructure 25000 REPRESENT US EDUCATION FUND PO BOX 60008 FLORENCE MA 01062 N/A PC Unrig the Summit 25000 SEACHANGE CAPITAL PARTNERS INC 155 E 44TH ST NEW YORK NY 10017 N/A PC exploration of a collaboration among Association of Clinical Pastoral Education, Association of Professional Chaplains, National Association of Catholic Chaplains, and Neshama: Association of Jewish Chaplains 16000 SEACHANGE CAPITAL PARTNERS INC 155 E 44TH ST NEW YORK NY 10017 N/A PC exploration of a merger of Hudson Valley Community Services and Cornerstone Family Healthcare 16462 SEACHANGE CAPITAL PARTNERS INC 155 E 44TH ST NEW YORK NY 10017 N/A PC Exploratory Due Diligence of Rochester Nonprofit Consortium Network 10000 SEACHANGE CAPITAL PARTNERS INC 155 E 44TH ST NEW YORK NY 10017 N/A PC NYMAC IV program 12500 SEACHANGE CAPITAL PARTNERS INC 155 E 44TH ST NEW YORK NY 10017 N/A PC Implementation expenses for asset transfer of Right Brain Initiative from Regional Arts and Culture Council to Young Audiences of Oregon and Southwest Washington 19422 SEACHANGE CAPITAL PARTNERS INC 155 E 44TH ST NEW YORK NY 10017 N/A PC implementation of the merger among Childhaven, Renton Area Youth & Family Services and Art with Heart 11644 SEACHANGE CAPITAL PARTNERS INC 155 E 44TH ST NEW YORK NY 10017 N/A PC implementation of the merger between Housing Vermont and Northern New England Housing Investment Fund 23333 SEACHANGE CAPITAL PARTNERS INC 155 E 44TH ST NEW YORK NY 10017 N/A PC implementation of the merger between The New York Jewish Week and 70 Faces Media 16889 SEACHANGE CAPITAL PARTNERS INC 155 E 44TH ST NEW YORK NY 10017 N/A PC New York Merger, Acquisition and Collaboration (NYMAC) annual Fund 25000 SEACHANGE CAPITAL PARTNERS INC 155 E 44TH ST NEW YORK NY 10017 N/A PC annual administrative grant 37500 SEACHANGE CAPITAL PARTNERS INC 155 E 44TH ST NEW YORK NY 10017 N/A PC annual administrative grant 37500 SEACHANGE CAPITAL PARTNERS INC 155 E 44TH ST NEW YORK NY 10017 N/A PC annual administrative grant 37500 SEACHANGE CAPITAL PARTNERS INC 155 E 44TH ST NEW YORK NY 10017 N/A PC annual administrative grant 37500 SEACHANGE CAPITAL PARTNERS INC 155 E 44TH ST NEW YORK NY 10017 N/A PC the exploration of a merger between BoardSource and Independent Sector 50667 SEACHANGE CAPITAL PARTNERS INC 155 E 44TH ST NEW YORK NY 10017 N/A PC The implementation of the merger between MacPhail Center for Music and Madeline Island Chamber Music 22267 SEACHANGE CAPITAL PARTNERS INC 155 E 44TH ST NEW YORK NY 10017 N/A PC the implementation of the merger between Northwest Maritime Center and Salish Sea Expeditions 7111 SEACHANGE CAPITAL PARTNERS INC 155 E 44TH ST NEW YORK NY 10017 N/A PC the merger between Center for Resilient Cities and Community GroundWorks 8978 SERVICE YEAR EXCHANGE INC 1400 I ST NW STE 900 WASHINGTON DC 20005 N/A PC Serve America Together campaign 30000 THE NISKANEN CENTER INC 820 1ST ST NE STE 675 WASHINGTON DC 20002 N/A PC General & Unrestricted 25000 THE PHILANTHROPY WORKSHOP INC 110 E 25TH ST NEW YORK NY 10010 N/A PC General & Unrestricted 12000 UMOM NEW DAY CENTERS INC 3333 E VAN BUREN ST PHOENIX AZ 85008 N/A PC General & Unrestricted 5000 886378 14 503 14 1787 18 20949 23239 23239 false false false false false false false false false false X X 1 Hirsch Investment Partners LLC 4455 E Camelback Rd 215A Phoenix AZ 85018 655293 X 2 Hirsch I Jerome 4455 E Camelback Road 215A Phoenix AZ 85018 275000 X 1 ANHEUSER BUSCH COS INC BUD, 4100 sh. 227140 2020-06-09 1 CORTEVA INC CTVA, 4110 sh. 121348 2020-06-09 1 DOMINION ENERGY INC D, 1415 sh. 115011 2020-10-26 1 MICROSOFT CORP MSFT, 450 sh. 95499 2020-10-26 1 MEITUAN DIANPING MPNGF, 2700 sh. 96295 2020-12-15 CONDUIT ELECTION Form 990-PF, Part XIII, Line 7 Election to Treat Unused Prior Year Corpus Distributions as Current Year Corpus Distributions Pursuant to Treasury Regulations Section 53.4942(a)-3(c)(2)(iv), The Lodestar Foundation hereby elects to treat, as a current distribution out of corpus, the following unused prior years' distributions that were treated as corpus distributions under Treasury Regulations Section 53.4942(a)-3(d)(1)(iii) in such prior tax years: Tax Year Amount 2015 $741,934 2016 $188,359 Total $930,293 By: LOIS SAVAGE Title: PRESIDENT Amount Treated as Distributions out of Corpus to Satisfy Section 170(b)(1)(F)(ii) The Lodestar Foundation (the "Foundation") hereby elects to satisfy the requirements of Internal Revenue Code ("Code") Section 170(b)(1)(F)(ii) in respect of contributions of $275,000 and publicly traded securities with a value of $655,293 on the dates received in the taxable year ending December 31, 2020 (the "Conduit Election Year"), for a total of $930,293. To satisfy the requirements of Code Section 170(b)(1)(F)(ii), a private non-operating foundation must: (A) by the end of the Conduit Election Year, distribute any undistributed income from the year immediately preceding the Conduit Election Year; (B) distribute, in the absence of an election under Code Section 4942(h)(2), any undistributed income from the Conduit Election Year by the end of the Conduit Election Year; and (C) make qualifying distributions treated as distributions out of corpus by no later than the 15th day of the third month of the taxable year following the Conduit Election Year in an amount equal to 100 percent of the contributions received by such foundation in the Conduit Election Year. A. Satisfaction of Minimum Distribution Requirement for the Conduit Election Year. As reported on Part XIII, Line 2, column (c), the undistributed income for the year immediately preceding the Conduit Election Year is $0. In other words, the Foundation had no undistributed income for 2019. B. Timely Satisfaction of Minimum Distribution Requirement for the Taxable Year following the Conduit Election Year. As reported on Part XIII, Line 6f, column (d), the undistributed income for the Conduit Election Year is $0. In other words, the Foundation had no undistributed income for 2020. C. Sufficient Timely Qualified Distributions Made Out of Corpus. To satisfy the requirements of Internal Revenue Code Section 170(b)(1)(F)(ii), the Foundation had until March 15, 2021, the 15th day of the third month of the taxable year following the Conduit Election Year, to make distributions out of corpus in an amount equal to 100 percent of the contributions received by it in the Conduit Election Year, $930,293. As reported on Part XIII, Line 7, the Foundation is treating $930,293 as a current distribution out of corpus in full satisfaction of the requirements of Code Section 170(b)(1)(F)(ii) in respect of the Conduit Election Year. The Foundation has attached the necessary election, pursuant to Treasury Regulations Section 53.4942(a)-3(c)(2)(iv), to treat $930,293 of its unused prior years' corpus distributions, as a current distribution out of corpus. DOMINION ENERGY INC 16256 15040 MEITUAN DIANPING 96296 102573 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 $886,378. This amount represents 25% or more of the Foundation's net assets of $306,161 (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. Document Review/Drafting 149 149 Administrative Fees 6691 6691 Bank Charges 30 30 Foundation Dues & Memberships 5765 5765 Office Supplies 5109 5109 Registered Agent Fee 250 250 State or Local Filing Fees 10 10 Website Hosting/Support 3050 3050 CREDIT CARD ANNUAL FEE 50 50 CREDIT CARD MISCELLANEOUS FEES 21 Philanthropic Consulting Srvcs 39417 39417 Website Development 29513 29513 990-PF Estimated Tax for 2020 2900 990-PF Extension for 2019 4707