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SAUNDERS FAMILY CHARITABLE FUND: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
SAUNDERS FAMILY CHARITABLE FUND (EIN 68-0616611)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-11-08
IRS object ID
202143129349102254
Schema version
2020v4.0
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)
Return2021-11-08T15:13:01-08:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN202555980PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Joseph Clare Certified Public AccountantBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1215 W Franklin Street 5th FloorAddressLine1Txt
CityMontereyCityNm
State AbbreviationCAStateAbbreviationCd
ZIP93940ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN680616611EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Saunders Family Charitable FundBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSAUNBusinessNameControlTxt
Phone4157300057PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1765 Market Street 24DAddressLine1Txt
CitySan FranciscoCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94103ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJoseph W SaundersPersonNm
Person TitleChairmanPersonTitleTxt
Phone4157300057PhoneNum
Signature2021-11-08SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJoseph WPersonFirstNm
Person LastSaundersPersonLastNm

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJoseph ClarePreparerPersonNm
PTINP00310381PTIN
Phone8312416055PhoneNum
Self EmployedYes (X)SelfEmployedInd

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer0TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$4,348,203FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$259InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$259InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$259InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$71,915DividendsRevAndExpnssAmt
Dividends Net Invst Incm$71,915DividendsNetInvstIncmAmt
Dividends Adj Net Incm$71,915DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$53,231NetGainSaleAstRevAndExpnssAmt
Net ST Capital Gain Adj Net Incm$13,749NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$125,405TotalRevAndExpnssAmt
Total Net Invst Incm$72,174TotalNetInvstIncmAmt
Total Adj Net Incm$85,923TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$10,000CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$5,000CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$5,000CompOfcrDirTrstDsbrsChrtblAmt
Accounting Fees Rev And Expnss$13,660AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$13,660AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$13,660AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$3,324TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$37,750OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$18,875OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$18,875OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$64,734TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$37,535TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$37,535TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$448,829ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$448,829ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$513,563TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$37,535TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$486,364TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$388,158ExcessRevenueOverExpensesAmt
Net Investment Income$34,639NetInvestmentIncomeAmt
Adjusted Net Income$85,923AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$45,841SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$45,974SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$45,975SavAndTempCashInvstEOYFMVAmt
Prepaid Expenses BOY$1,639PrepaidExpensesBOYAmt
Corporate Stock BOY$1,489,785CorporateStockBOYAmt
Corporate Stock EOY$1,214,498CorporateStockEOYAmt
Corporate Stock EOYFMV$3,197,665CorporateStockEOYFMVAmt
Corporate Bonds BOY$987,396CorporateBondsBOYAmt
Corporate Bonds EOY$935,254CorporateBondsEOYAmt
Corporate Bonds EOYFMV$968,107CorporateBondsEOYFMVAmt
Other Investments BOY$180,136OtherInvestmentsBOYAmt
Other Investments EOY$120,912OtherInvestmentsEOYAmt
Other Investments EOYFMV$136,456OtherInvestmentsEOYFMVAmt
Other Assets EOY$1OtherAssetsEOYAmt
Total Assets BOY$2,704,797TotalAssetsBOYAmt
Total Assets EOY$2,316,639TotalAssetsEOYAmt
Total Assets EOYFMV$4,348,203TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$2,704,797NoDonorRstrNetAssestsBOYAmt
Tot Net Ast Or Fund Balances BOY$2,704,797TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,316,639TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,704,797TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,316,639TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,704,797TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$388,158ExcessRevenueOverExpensesAmt
Subtotal$2,316,639SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,316,639TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Net Short Term Capital Gain Loss$13,749NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$481InvestmentIncomeExciseTaxAmt
Subtotal$481SubtotalAmt
Tax Based On Investment Income$481TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,546EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,546TotalPaymentsAndCreditsAmt
Overpayment$1,065OverpaymentAmt
Applied To ES Tax$1,065AppliedToESTaxAmt

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 SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateCAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Joseph ClareBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4157300057PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1215 West Franklin Street Suite 307AddressLine1Txt
CityMontereyCityNm
State AbbreviationCAStateAbbreviationCd
ZIP93940ZIPCd
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
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Joseph W Saunders
765 Market Street 24DSan FranciscoCA94103President2.00$0
Sharon P Saunders
765 Market Street 24DSan FranciscoCA94103Vice President2.00$0
Christine Saunders
765 Market Street 24DSan FrancscoCA94103Vice President2.00$0
Thomas J Saunders
765 Market Street 24DSan FranciscoCA94103Vice President2.00$0
John N Staples III Esq
215 W Franklin St 5th FloorMontereyCA93940Secretary2.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$0TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$0AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Minimum Investment Return$0MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Tax Based On Investment Income$481TaxBasedOnInvestmentIncomeAmt
Total Tax$481TotalTaxAmt
Distributable Before Adj$481DistributableBeforeAdjAmt
Distributable Before Ded$481DistributableBeforeDedAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$486,364ExpensesAndContributionsAmt
Qualifying Distributions$486,364QualifyingDistributionsAmt
Adjusted Qualifying Distri$486,364AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$902,656ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$1,298,039ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$591,052ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$592,346ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$153,234ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$3,537,327TotalExcessDistributionCyovAmt
Qualifying Distributions$486,364QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus$486,364RemainingDistriFromCorpusAmt
Total Corpus$4,023,691TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$902,656ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$3,121,035ExcessDistriCyovToNextYrAmt
Excess From Year4$1,298,039ExcessFromYear4Amt
Excess From Year3$591,052ExcessFromYear3Amt
Excess From Year2$592,346ExcessFromYear2Amt
Excess From Year1$592,346ExcessFromYear1Amt
Excess From Current Year$146,121ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerJoseph W SaundersContributingManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonHelen BurrowsRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1765 Market Street Ste 24DAddressLine1Txt
CitySan FranciscoCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94103ZIPCd
FieldValueIRS element (for citing)
Recipient Phone6508679385RecipientPhoneNum
Recipient Email Addresssaundershomeoffice@gmail.comRecipientEmailAddressTxt
Form And Info And MaterialsIn writingFormAndInfoAndMaterialsTxt
Submission DeadlinesNoneSubmissionDeadlinesTxt
Restrictions On AwardsPreference to educational purposesRestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (14 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
University of Hawaii
3444 Dole StreetHonoluluHI96822PCScholarships$7,829
Teach for America
25 Broadway 12th FloorNew YorkNY10004PCEducation$150,000
Northwestern University
633 Clark StreetEvanstonIL60208PCEducation$16,000
Maui Food Bank
760 Kolu StreetWailukuHI96793PCGeneral Purposes$10,000
Hawiian Islands Land Trust
126 Queen Street Suite 306HonoluluHI96813PCGeneral Purposes$50,000
The Basic Fund
1301 Clay Street 70450San FranciscoCA94612PCGeneral Purposes$40,000
Spare for Change
576 Kaiola StreetKiheiHI96753PCGeneral Purposes$10,000
Friends of Pomakai
PO Box 342190KailuaHI96739PCGeneral Purposes$10,000
Marine Corps Scholarship Fund
909 N Washington Street Ste 400AlexandriaVA22314PCScholarships$10,000
Gorege W Bush Center
2943 SMU BlvdDallasTX75205PCGeneral Purposes$100,000
Squash Smarts
3890 N 10th StreetPhiladelphiaPA19140PCGeneral Purposes$5,000
Basketball Maui
380 Huku Lii Place Suite 105KiheiHI96753PCGeneral Purposes$10,000
Encorps
608 Meyer Lane Suite 204BRedondo BeachCA90278PCGeneral Purposes$20,000
Horizon San Francisco Friends Schoo
250 Valencia StreetSan FranciscoCA94103PCEducation$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$448,829TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$259RelatedOrExemptFunctionIncmAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$71,915RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$53,231RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$125,405RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$125,405TotalIncomeProducingActyAmt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryTax return preparationCategoryTxt
Amt$13,660Amt
Net Investment Income$13,660NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$13,660DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Administrative assistant$30,000$15,000$15,000
Investment management fees$7,750$3,875$3,875

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFederal, state and charitable trust taxCategoryTxt
Amt$3,324Amt

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