Gillson Longenbaugh Foundation: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
Gillson Longenbaugh Foundation (EIN 76-0001952)
Tax period
2019-06-01 to 2020-05-31
Filed
2020-08-04
IRS object ID
202022179349100217
Schema version
2019v5.0
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)
Return2020-08-04T16:39:13-07:00ReturnTs
Tax Period End2020-05-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN760269860PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Blazek & VetterlingBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12900 Weslayan Suite 200AddressLine1Txt
CityHoustonCityNm
State AbbreviationTXStateAbbreviationCd
ZIP770275132ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2019-06-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN760001952EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Gillson Longenbaugh FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlGILLBusinessNameControlTxt
Phone7136683021PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12121 Sage RdAddressLine1Txt
CityHoustonCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77056ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLawrence LevyPersonNm
Person TitlePres/GC/Tr/DirPersonTitleTxt
Signature2020-08-04SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKurt CoburnPreparerPersonNm
PTINP01638285PTIN
Phone7134395739PhoneNum
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$12,094,730FMVAssetsEOYAmt
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$177,676InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$177,676InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$442,533DividendsRevAndExpnssAmt
Dividends Net Invst Incm$442,533DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$42,272NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$3,114,611GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$42,272CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$662,481TotalRevAndExpnssAmt
Total Net Invst Incm$662,481TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$115,500CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$17,325CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$98,175CompOfcrDirTrstDsbrsChrtblAmt
Oth Empl Slrs Wgs Rev And Expnss$8,304OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl$8,304OthEmplSlrsWgsDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss$7,788PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Net Invst Incm$1,325PensionEmplBnftNetInvstIncmAmt
Pension Empl Bnft Dsbrs Chrtbl$6,463PensionEmplBnftDsbrsChrtblAmt
Legal Fees Rev And Expnss$870LegalFeesRevAndExpnssAmt
Legal Fees Dsbrs Chrtbl$870LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$8,589AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$4,295AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$4,294AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$160,275OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$160,275OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$7,738TaxesRevAndExpnssAmt
Taxes Net Invst Incm$1,738TaxesNetInvstIncmAmt
Occupancy Rev And Expnss$33,714OccupancyRevAndExpnssAmt
Occupancy Net Invst Incm$5,057OccupancyNetInvstIncmAmt
Occupancy Dsbrs Chrtbl$28,657OccupancyDsbrsChrtblAmt
Other Expenses Rev And Expnss$8,642OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$1,307OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$7,335OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$351,420TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$191,322TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$154,098TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$27,736,149ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$27,736,149ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$28,087,569TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$191,322TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$27,890,247TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$27,425,088ExcessRevenueOverExpensesAmt
Net Investment Income$471,159NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$13,087,622SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$7,360,777SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$7,360,777SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$12,432,045CorporateStockBOYAmt
Corporate Bonds BOY$6,510,156CorporateBondsBOYAmt
Corporate Bonds EOY$4,642,035CorporateBondsEOYAmt
Corporate Bonds EOYFMV$4,733,953CorporateBondsEOYFMVAmt
Total Assets BOY$32,029,823TotalAssetsBOYAmt
Total Assets EOY$12,002,812TotalAssetsEOYAmt
Total Assets EOYFMV$12,094,730TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$32,029,823RetainedEarningBOYAmt
Retained Earning EOY$12,002,812RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$32,029,823TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$12,002,812TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$32,029,823TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$12,002,812TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$32,029,823TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$27,425,088ExcessRevenueOverExpensesAmt
Other Increases$7,398,077OtherIncreasesAmt
Subtotal$12,002,812SubtotalAmt
Tot Net Ast Or Fund Balances EOY$12,002,812TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
Publicly traded securities$3,032,772$3,072,339-$39,567-$39,567
Capital gain distributions$81,755$81,755$81,755
Security litigation proceeds$84$84$84
FieldValueIRS element (for citing)
Capital Gain Net Income$42,272CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$3,541,103AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$39,528,973NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.08958DistributionYr1Rt
Adjusted Qlfy Distri Yr2$3,493,221AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$41,863,867NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.08344DistributionYr2Rt
Adjusted Qlfy Distri Yr3$2,997,371AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$38,798,612NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.07726DistributionYr3Rt
Adjusted Qlfy Distri Yr4$2,008,101AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$38,613,446NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.05201DistributionYr4Rt
Adjusted Qlfy Distri Yr5$2,268,507AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$41,280,958NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.05495DistributionYr5Rt
Total Distribution0.357237TotalDistributionRt
Average Distribution0.071447AverageDistributionRt
Net Vl Noncharitable Assets$25,173,427NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$1,798,566AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$4,712NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$1,803,278AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$27,890,247QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$4,712InvestmentIncomeExciseTaxAmt
Subtotal$4,712SubtotalAmt
Tax Based On Investment Income$4,712TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$6,985EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$6,985TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Overpayment$2,273OverpaymentAmt
Refund$2,273RefundAmt

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 EtcYes (true)OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateTXOrgReportOrRegisterStateCd
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
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Lawrence LevyBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7136683021PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line12121 Sage Rd Ste 120AddressLine1Txt
CityHoustonCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77056ZIPCd
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 PrsnYes (true)PayCompDisqualifiedPrsnInd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Lawrence Levy
2121 Sage Rd Ste 120HoustonTX77056Pres/GC/Tr/Dir32.00$93,500
Neal R Pellis PhD
2121 Sage Rd Ste 120HoustonTX77056Sec/SciAdv/Dir6.60$16,000
EW Ned Torian
2121 Sage Rd Ste 120HoustonTX77056VP/Dir3.00$6,000
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Northern TrustBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line150 S La Salle StAddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60603ZIPCd
FieldValueIRS element (for citing)
Service TypeInvestment MgrServiceTypeTxt
Compensation$106,591CompensationAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$15,912,921AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$9,643,858AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$25,556,779TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$25,556,779AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$383,352CashDeemedCharitableAmt
Net Vl Noncharitable Assets$25,173,427NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,258,671MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,258,671MinimumInvestmentReturnAmt
Tax Based On Investment Income$4,712TaxBasedOnInvestmentIncomeAmt
Total Tax$4,712TotalTaxAmt
Distributable Before Adj$1,253,959DistributableBeforeAdjAmt
Distributable Before Ded$1,253,959DistributableBeforeDedAmt
Distributable As Adjusted$1,253,959DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$27,890,247ExpensesAndContributionsAmt
Qualifying Distributions$27,890,247QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$4,712PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$27,885,535AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,253,959DistributableAsAdjustedAmt
Excess Distribution Cyov Yr2$1,116,165ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$1,584,684ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$2,700,849TotalExcessDistributionCyovAmt
Qualifying Distributions$27,890,247QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$1,253,959AppliedToCurrentYearAmt
Remaining Distri From Corpus$26,636,288RemainingDistriFromCorpusAmt
Total Corpus$29,337,137TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$29,337,137ExcessDistriCyovToNextYrAmt
Excess From Year2$1,116,165ExcessFromYear2Amt
Excess From Year1$1,584,684ExcessFromYear1Amt
Excess From Current Year$26,636,288ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Crime Stoppers of Houston Inc
PO Box 541654HoustonTX77254N/APCGeneral support$20,000
Texas Medical Center Foundation
2450 Holcombe Blvd Ste 1HoustonTX77021N/ASO IGeneral support$30,000
Vanguard Charitable Endowment
PO Box 924528HoustonTX77292N/APCCancer research, other medical research, and other charitable purposes$27,686,149
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$27,736,149TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$177,676ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$442,533ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$42,272ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$662,481ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$662,481TotalIncomeProducingActyAmt

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 (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Bookkeeping$2,000$1,000$0$1,000
Tax compliance$6,589$3,295$0$3,294

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp (11 entries)

BondBondNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
500,000 Berkshire Hath Fin 4.25% 1/15/21$500,120$511,910
500,000 Ebay Inc 3.25% 10/15/20$500,635$501,444
500,000 Merck & Co Inc 3.875% 1/15/21$498,139$506,490
117,107 MFB Northern Fds Ultra Short FI$1,196,705$1,207,372
20,344 MFC FlexShares iBoxx 3-Year TIPS$489,013$509,820
300,000 Microsoft Cop 3.0% 10/1/20$300,204$302,738
210,000 Morgan Stanley 5.75% 1/25/21$212,258$216,940
250,000 Nucor Corp 4.125% 9/15/22$249,657$266,369
200,000 PepsiCo Sr Nt 3.125% 11/1/20$198,334$202,362
250,000 PNC FDG Corp 4.375% 8/11/20$248,640$251,840
250,000 Unilever Cap Corp 4.25% 2/10/21$248,330$256,668

Liquidation Explanation Stmt LiquidationExplanationStmt

FieldValueIRS element (for citing)
ExplanationThe following information is submitted in accordance with Treasury RegulationSection 1.6043-3(a)(1) and the Form 990-PF instructions:The Foundation made distributions of cash and marketable securities to the grantees listed in the attachment to Part XV, Line 3a; each such grant was made solely for the charitable purpose listed on the schedule. During this tax year, the Foundation paid grants in an amount representing more than 25% of the Foundation's net assets of $37,323,337(as measured by fair market value) at the beginning of the Foundation's taxable year ending May 31, 2020. The foundation has begun the process of terminating under Section 507(b)(1)(A) but will continue in existence until it has distributed all of its net assets in accordance with Section 507(b)(1)(A).ExplanationTxt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLegal counselCategoryTxt
Legal Fees$870LegalFeesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$870DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmtNet Investment IncomeNetInvestmentIncomeAmt
Dues and subscriptions$125$125
Insurance$3,282$2,790$492
Office expenses$3,200$2,690$510
Telephone$2,035$1,730$305

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescDifference between book and FMV of noncash grantsDesc
Amt$7,398,077Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryInvestment management feesCategoryTxt
Amt$160,275Amt
Net Investment Income$160,275NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
Excise taxes$6,000
Foreign tax$1,738$1,738

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