MICHELSON FOUNDATION: Form 990PF, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- MICHELSON FOUNDATION (EIN 46-4978561)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-11-15
- IRS object ID
- 201933199349103098
- Schema version
- 2018v3.1
- 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
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Other Expenses Schedule
- Other Increases Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-11-15T12:26:43-06:00 | ReturnTs |
| Tax Period End | 2018-12-31 | 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 | 121 RIVER STREET | AddressLine1Txt |
| City | HOBOKEN | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07030 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2018-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 464978561 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Michelson Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % KKR ACCOUNTING SERVICES LLC | InCareOfNm |
| Business Name Control | MICH | BusinessNameControlTxt |
| Phone | 6506532406 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2755 Campus Drive Suite 240 | AddressLine1Txt |
| City | San Mateo | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94403 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SUSAN P DOELL | PersonNm |
| Person Title | Secretary/Treasurer | PersonTitleTxt |
| Phone | 6506532419 | PhoneNum |
| Signature | 2019-05-01 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jessica Perna | PreparerPersonNm |
| PTIN | P00844664 | PTIN |
| Phone | 2015515000 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | 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 | $19,474,556 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $5,589,004 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $227,826 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $227,826 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $312 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,935,000 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $312 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $5,817,142 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $228,138 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $21,600 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $5,400 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $16,200 | AccountingFeesChrtblPrpsAmt |
| Other Expenses Rev And Expnss | $10,382 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $10,117 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $265 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $31,982 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $15,517 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $16,465 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,110,768 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,110,768 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,142,750 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $15,517 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,127,233 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $4,674,392 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $212,621 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $179,510 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,476,728 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,476,728 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $5,632,281 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $5,740,662 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $5,727,924 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $9,592,252 | CorporateStockBOYAmt |
| Corporate Stock EOY | $12,911,742 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $12,269,904 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $1,592 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $0 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $0 | CorporateBondsEOYFMVAmt |
| Total Assets BOY | $15,405,635 | TotalAssetsBOYAmt |
| Total Assets EOY | $20,129,132 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $19,474,556 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Retained Earning BOY | $15,405,635 | RetainedEarningBOYAmt |
| Retained Earning EOY | $20,129,132 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $15,405,635 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $20,129,132 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $15,405,635 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $20,129,132 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $15,405,635 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $4,674,392 | ExcessRevenueOverExpensesAmt |
| Other Increases | $49,105 | OtherIncreasesAmt |
| Subtotal | $20,129,132 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $20,129,132 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| 600,000 SHS FHLB | P | 2015-06-17 | 2018-02-28 | $600,000 | $600,000 | $0 | |
| 150,000 SHS FHLB | P | 2015-08-19 | 2018-03-29 | $150,000 | $150,000 | $0 | |
| 585,000 SHS FHLB | P | 2015-06-10 | 2018-03-09 | $585,000 | $585,000 | $0 | |
| 600,000 SHS FFCB | P | 2015-06-25 | 2018-03-01 | $600,000 | $599,688 | $312 | $312 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $312 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $1,244,340 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $9,788,850 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.127118 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $221,749 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $6,068,027 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.036544 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $375,172 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $5,688,535 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.065952 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $209,597 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $4,005,524 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.052327 | DistributionYr4Rt |
| Total Distribution | 0.281941 | TotalDistributionRt |
| Average Distribution | 0.070485 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $16,150,890 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $1,138,395 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $2,126 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $1,140,521 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $1,127,233 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $4,252 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $4,252 | SubtotalAmt |
| Tax Based On Investment Income | $4,252 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $46,279 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $46,279 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Overpayment | $42,027 | OverpaymentAmt |
| Applied To ES Tax | $42,027 | 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 |
| 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 | CA | 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 |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KKR ACCOUNTING SERVICES LLC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6506532419 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2755 CAMPUS DRIVE SUITE 240 | AddressLine1Txt |
| City | SAN MATEO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94403 | 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 |
| 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 (4 entries)
| Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|---|
| MICHAEL W MICHELSON | |||||||||
| 2755 Campus Drive | Suite 240 | San Mateo | CA | 94403 | DIRECTOR AND CHARIMAN | 1.0 | $0 | $0 | $0 |
| SUSAN P DOELL | |||||||||
| 2755 Campus Drive | Suite 240 | San Mateo | CA | 94403 | SECRETARY AND TREASURER | 3.0 | $0 | $0 | $0 |
| KATE M GOLDKAMP | |||||||||
| 2755 Campus Drive | Suite 240 | San Mateo | CA | 94403 | DIRECTOR | 1.0 | $0 | $0 | $0 |
| LAURA E MICHELSON | |||||||||
| 2755 Campus Drive | Suite 240 | San Mateo | CA | 94403 | DIRECTOR | 1.0 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp | |
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $16,138,569 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $258,274 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $16,396,843 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $16,396,843 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $245,953 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $16,150,890 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $807,545 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $807,545 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $4,252 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $4,252 | TotalTaxAmt |
| Distributable Before Adj | $803,293 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $803,293 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $803,293 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,127,233 | 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 | $1,127,233 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $1,127,233 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $803,293 | DistributableAsAdjustedAmt |
| Prior Year1 | 2016 | PriorYear1Yr |
| Prior Year2 | 2015 | PriorYear2Yr |
| Prior Year3 | 2014 | PriorYear3Yr |
| Excess Distribution Cyov Yr4 | $58,823 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $112,601 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr1 | $756,433 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $927,857 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,127,233 | QualifyingDistributionsAmt |
| Applied To Current Year | $803,293 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $323,940 | RemainingDistriFromCorpusAmt |
| Total Corpus | $1,251,797 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $1,251,797 | CorpusDistri170b1EOr4942g3Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | MICHAEL W MICHELSON | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | SUSAN P DOELL | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2755 CAMPUS DRIVE SUITE 240 | AddressLine1Txt |
| City | SAN MATEO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94403 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 6506532406 | RecipientPhoneNum |
| Form And Info And Materials | APPLICATIONS SHOULD BE MADE AS A FORMAL WRITTEN REQUEST | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | NONE | SubmissionDeadlinesTxt |
| Restrictions On Awards | NONE | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| THE BASIC FUND (PLEDGE PAYMENT) | |||||||
| 1301 CLAY STREET 70450 | OAKLAND | CA | 94612 | NONE | PC | UNRESTRICTED | $12,000 |
| THE METROPOLITAN OPERA | |||||||
| LINCOLN CENTER | NEW YORK | NY | 10023 | NONE | PC | UNRESTRICTED | $25,000 |
| SMITHSONIAN INSTITUTION | |||||||
| 1000 JEFFERSON DR SW | WASHINGTON | DC | 20560 | NONE | PC | UNRESTRICTED | $5,000 |
| THOMAS JEFFERSON UNIVERSITY HOSPITAL (PLEDGE PMT) | |||||||
| 111 SOUTH 11TH STREET | PHILADELPHIA | PA | 19107 | NONE | PC | UNRESTRICTED | $50,000 |
| BRYN MAWR COLLEGE | |||||||
| 101 NORTH MERION AVENUE | BRYN MAWR | PA | 19010 | NONE | PC | UNRESTRICTED | $509,309 |
| VANDERBILT UNIVERSITY | |||||||
| 2301 VANDERBILT PLACE | NASHVILLE | TN | 37235 | NONE | PC | UNRESTRICTED | $509,309 |
| HARVARD MAGAZINE | |||||||
| 7 WARE STREET | CAMBRIDGE | MA | 02138 | NONE | PC | UNRESTRICTED | $150 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,110,768 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (2 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| FRANCISCO PARK CONSERVANCY | |||||||
| PO BOX 475035 | SAN FRANCISCO | CA | 94147 | NONE | PC | UNRESTRICTED | $250,000 |
| THE METROPOLITAN OPERA | |||||||
| LINCOLN CENTER | NEW YORK | NY | 10023 | NONE | PC | UNRESTRICTED | $125,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $375,000 | TotalGrantOrContriApprvFutAmt |
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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $227,826 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $312 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $228,138 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $228,138 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | MICHAEL W MICHELSON | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2755 CAMPUS DRIVE SUITE 240 | AddressLine1Txt |
| City | SAN MATEO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94403 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $5,589,004 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | 100,000 SHS KKR & CO INC. | $2,289,000 | 2018-11-14 |
| 2 | 21,725 SHS PROCTER & GAMBLE | $2,000,004 | 2018-12-28 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| TAX PREP FEES | $11,600 | $2,900 | $8,700 |
| BOOKKEEPING FEES | $10,000 | $2,500 | $7,500 |
Depreciation Schedule DepreciationSchedule
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | PURCHASED INTEREST - FIXED INC | BondNm |
| EOY Book Value | $0 | EOYBookValueAmt |
| EOYFMV | $0 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (5 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 83,103 SHS OF AMPHENOL CORP | $6,604,514 | $6,733,005 |
| 19,242 SHS OF CHARLES SCHWAB | $999,622 | $799,120 |
| 100,000 SHS OF KKR & CO INC | $2,289,000 | $1,963,000 |
| 21,970 SHS OF PROCTOR & GAMBLE | $2,022,443 | $2,019,482 |
| 16,391 SHS OF WELLS FARGO | $996,163 | $755,297 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $5,740,662 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $5,727,924 | USGovtObligationsEOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| MISCELLANEOUS EXPENSES | $255 | $255 | |
| BANK FEES | $10,117 | $10,117 | |
| FILING FEES | $10 | $10 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| UNREALIZED GAIN ON DISTRIBUTION OF | $0 |
| APPRECIATED STOCK TO CHARITABLE GRANTEE | $49,105 |