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GRANT FAMILY FOUNDATION: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
GRANT FAMILY FOUNDATION (EIN 82-0682075)
Tax period
2018-06-01 to 2019-05-31
Filed
2020-01-14
IRS object ID
202000149349100850
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 ReturnHeader

FieldValueIRS element (for citing)
Return2020-01-14T11:07:58-06:00ReturnTs
Tax Period End2019-05-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1One Hollow Ln Ste 212AddressLine1Txt
CityLake SuccessCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11042ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2018-06-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN820682075EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Grant Family FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% Foundation SourceInCareOfNm
Business Name ControlGRANBusinessNameControlTxt
Phone8008391754PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Foundation Source 501 Silverside RdAddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonHUGH GRANTPersonNm
Person TitletreasurerPersonTitleTxt
Phone8008391754PhoneNum
Signature2019-12-20SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJeffrey D HaskellPreparerPersonNm
PTINP01345770PTIN
Phone8008391754PhoneNum
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$17,476,913FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$0ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$244,556InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$244,556InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$46,120DividendsRevAndExpnssAmt
Dividends Net Invst Incm$46,120DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$1,749,310NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$18,071,613GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$15,912,078CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$2,039,986TotalRevAndExpnssAmt
Total Net Invst Incm$16,202,754TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Taxes Rev And Expnss$118,900TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$46,789OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$46,789OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$165,689TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$46,789TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$605,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$605,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$770,689TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$651,789TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$1,269,297ExcessRevenueOverExpensesAmt
Net Investment Income$16,202,754NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$148,102SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$6,767,793SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$6,767,793SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$16,322,304CorporateStockBOYAmt
Corporate Stock EOY$10,971,910CorporateStockEOYAmt
Corporate Stock EOYFMV$10,709,120CorporateStockEOYFMVAmt
Total Assets BOY$16,470,406TotalAssetsBOYAmt
Total Assets EOY$17,739,703TotalAssetsEOYAmt
Total Assets EOYFMV$17,476,913TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$16,470,406RetainedEarningBOYAmt
Retained Earning EOY$17,739,703RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$16,470,406TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$17,739,703TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$16,470,406TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$17,739,703TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$16,470,406TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$1,269,297ExcessRevenueOverExpensesAmt
Subtotal$17,739,703SubtotalAmt
Tot Net Ast Or Fund Balances EOY$17,739,703TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPublicly-traded SecuritiesPropertyDesc
Gross Sales Price$18,071,613GrossSalesPriceAmt
Cost Or Other Basis$2,159,535CostOrOtherBasisAmt
Gain Or Loss$15,912,078GainOrLossAmt
Gains Minus Excess Or Losses$15,912,078GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$15,912,078CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$202,889AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$16,589,631NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.01223DistributionYr1Rt
Adjusted Qlfy Distri Yr3$0AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$0NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.0DistributionYr3Rt
Adjusted Qlfy Distri Yr4$0AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$0NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.0DistributionYr4Rt
Adjusted Qlfy Distri Yr5$0AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$0NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.0DistributionYr5Rt
Total Distribution0.01223TotalDistributionRt
Average Distribution0.006115AverageDistributionRt
Net Vl Noncharitable Assets$17,454,580NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$106,735AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$162,028NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$268,763AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$651,789QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$162,028InvestmentIncomeExciseTaxAmt
Subtotal$162,028SubtotalAmt
Tax Based On Investment Income$162,028TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$121,900EstimatedPlusOvpmtIncmTxAmt
Extsn Request Income Tax Paid$40,128ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$162,028TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd

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 StateDEOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundYes (true)DonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8008391754PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1501 Silverside Road Suite 123AddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd
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
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Hugh Grant
Foundation Source 501 Silverside RdWilmingtonDE198091377Treas, VP1.0$0$0$0
Janice Grant
Foundation Source 501 Silverside RdWilmingtonDE198091377Dir, Pres, Sec1.0$0$0$0
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$4,931,729AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$12,788,657AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$17,720,386TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$17,720,386AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$265,806CashDeemedCharitableAmt
Net Vl Noncharitable Assets$17,454,580NetVlNoncharitableAssetsAmt
Minimum Investment Return$872,729MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$872,729MinimumInvestmentReturnAmt
Tax Based On Investment Income$162,028TaxBasedOnInvestmentIncomeAmt
Total Tax$162,028TotalTaxAmt
Distributable Before Adj$710,701DistributableBeforeAdjAmt
Distributable Before Ded$710,701DistributableBeforeDedAmt
Distributable As Adjusted$710,701DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$651,789ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$651,789QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$162,028PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$489,761AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$710,701DistributableAsAdjustedAmt
Undistributed Income PY$620,593UndistributedIncomePYAmt
Prior Year12016PriorYear1Yr
Prior Year22015PriorYear2Yr
Prior Year32014PriorYear3Yr
Qualifying Distributions$651,789QualifyingDistributionsAmt
Applied To Year1$620,593AppliedToYear1Amt
Applied To Current Year$31,196AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Total Corpus$0TotalCorpusAmt
Undistributed Income CY$679,505UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$0ExcessDistriCyovToNextYrAmt
Excess From Current Year$0ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerHugh GrantContributingManagerNm
Contributing ManagerJanice GrantContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
GATEWAY TO HOPE
425 N NEW BALLAS RD STE 220SAINT LOUISMO63141N/APCCharitable Event$5,000
SCHWAB CHARITABLE FUND
211 MAIN STSAN FRANCISCOCA94105N/APCThe Hugh & Janice Grant Charitable Fund$600,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$605,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

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$244,556ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$46,120ExclusionAmt
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 Incm Part VIIOtherInvestmentIncmPartVIIGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$1,749,310ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$2,039,986ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$2,039,986TotalIncomeProducingActyAmt

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

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (16 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
AMERICAN FUNDS EUROPACIFIC GRO$256,897$257,084
DODGE & COX STOCK$548,065$474,479
HARBOR CAPITAL APPRECIATION FU$1,089,438$1,016,629
ISHARES CORE MSCI EMERGING MAR$249,957$243,242
NATIONWIDE GENEVA SMALL CAP GR$525,108$507,063
SCHWAB INTERNATIONAL INDEX FUN$750,000$757,628
SCHWAB SMALL-CAP INDEX FUND-SE$500,000$491,231
SCHWAB U.S. MID CAP INDEX FUND$500,000$512,171
T ROWE PRICE INSTITUTIONAL LAR$1,066,635$1,009,703
T. ROWE PRICE MID CAP GROWTH F$824,429$777,821
TWEEDY BROWNE GLOBAL VALUE FUN$250,000$254,891
VANGUARD 500 INDEX FUND ADM$1,385,405$1,395,221
VANGUARD MID CAP VALUE INDEX A$753,738$748,095
VANGUARD SMALL CAP VALUE INDEX$502,324$486,833
VANGUARD VALUE INDEX ADM SHARE$1,510,480$1,503,259
WCM FOCUSED INTL GROWTH FUNDS$259,434$273,770

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Administrative Fees$46,764$46,764
State or Local Filing Fees$25$25

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
Category990-PF Estimated Tax for 2019CategoryTxt
Amt$118,900Amt

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