THE CHAN SOON-SHION FAMILY FOUNDATION: Form 990PF, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- THE CHAN SOON-SHION FAMILY FOUNDATION (EIN 26-4384360)
- Tax period
- 2018-10-01 to 2019-09-30
- Filed
- 2020-08-06
- IRS object ID
- 202022199349100222
- Schema version
- 2018v3.3
- 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
- Accounting Fees Schedule
- Applied To Prior Year Election
- Depreciation Schedule
- General Explanation Attachment
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Legal Fees Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-08-06T15:06:10-05:00 | ReturnTs |
| Tax Period End | 2019-09-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HOLTHOUSE CARLIN & VAN TRIGT LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 355 S GRAND AVE STE 1710 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90071 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2018-10-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 264384360 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHAN SOON-SHIONG FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % STEVE HASSAN | InCareOfNm |
| Business Name Control | CHAN | BusinessNameControlTxt |
| Phone | 2136838790 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11444 W OLYMPIC BOULEVARD 11TH FL | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90064 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CHARLES N KENWORTHY | PersonNm |
| Person Title | EXECUTIVE V.P. | PersonTitleTxt |
| Phone | 3108366400 | PhoneNum |
| Signature | 2020-08-01 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MICHAEL S DREYER | PreparerPersonNm |
| PTIN | P00002084 | PTIN |
| Phone | 2136838790 | 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) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $130,116,883 | 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 | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $82,759 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $72,759 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $2,637,065 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $2,432,205 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $16,701,339 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $39,164,917 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $16,701,339 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $19,421,163 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $19,206,303 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $37,150 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $9,287 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $27,863 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $46,525 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $23,262 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $23,263 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $250,010 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $10 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $121,312 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $113,957 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $250 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $454,997 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $146,506 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $51,386 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $9,947,189 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $9,947,189 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $10,402,186 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $146,506 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $9,998,575 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $9,018,977 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $19,059,797 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $439,069 | CashBOYAmt |
| Cash EOY | $15,813,596 | CashEOYAmt |
| Cash EOYFMV | $15,813,596 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $539,530 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,632,994 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,632,994 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $144,913,448 | CorporateStockBOYAmt |
| Corporate Stock EOY | $137,046,496 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $46,290,099 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $64,686,836 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $65,072,289 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $65,002,069 | CorporateBondsEOYFMVAmt |
| Other Assets BOY | $1,378,125 | OtherAssetsBOYAmt |
| Other Assets EOY | $1,378,125 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $1,378,125 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $211,957,008 | TotalAssetsBOYAmt |
| Total Assets EOY | $220,943,500 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $130,116,883 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Retained Earning BOY | $211,957,008 | RetainedEarningBOYAmt |
| Retained Earning EOY | $220,943,500 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $211,957,008 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $220,943,500 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $211,957,008 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $220,943,500 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $211,957,008 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $9,018,977 | ExcessRevenueOverExpensesAmt |
| Subtotal | $220,975,985 | SubtotalAmt |
| Other Decreases | $32,485 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $220,943,500 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (6 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| ML #07341 - LT | D | 2010-10-19 | 2019-07-29 | $25,061,594 | $7,874,989 | $17,186,605 | $17,186,605 |
| ML #07341 - ST | P | $50 | $34 | $16 | $16 | ||
| ML #07341 - LT | P | $86 | $81 | $5 | $5 | ||
| ML #04269 - ST | P | $2,307,926 | $2,394,751 | -$86,825 | -$86,825 | ||
| ML #04269 - LT | P | $6,820,965 | $7,077,454 | -$256,489 | -$256,489 | ||
| ML #04269 - LT | P | $4,974,296 | $5,116,269 | -$141,973 | -$141,973 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $16,701,339 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $12,065,331 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $173,168,513 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.069674 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $13,176,563 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $247,816,441 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.053171 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $7,494,048 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $269,466,895 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.027811 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $7,803,790 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $178,748,015 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.043658 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $6,211,738 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $135,857,795 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.045722 | DistributionYr5Rt |
| Total Distribution | 0.240036 | TotalDistributionRt |
| Average Distribution | 0.048007 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $137,272,541 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $6,590,043 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $190,598 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $6,780,641 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $9,998,575 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $190,598 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $190,598 | SubtotalAmt |
| Tax Based On Investment Income | $190,598 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $398,929 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $500,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $898,929 | TotalPaymentsAndCreditsAmt |
| Overpayment | $708,331 | OverpaymentAmt |
| Applied To ES Tax | $708,331 | 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 | Yes (true) | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STEVE HASSAN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3108366400 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9922 JEFFERSON BOULEVARD | AddressLine1Txt |
| City | CULVER CITY | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90232 | 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 |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | Yes (true) | BusinessHoldingsInd |
| Excess Business Holdings | false | ExcessBusinessHoldingsInd |
| 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 (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| PATRICK SOON-SHIONG | ||||||||
| 11444 W OLYMPIC BOULEVARD 11TH FL | LOS ANGELES | CA | 90064 | DIRECTOR, PRESIDENT | 0.5 | $0 | $0 | $0 |
| MICHELE SOON-SHIONG | ||||||||
| 11444 W OLYMPIC BOULEVARD 11TH FL | LOS ANGELES | CA | 90064 | DIRECTOR, CFO, SECRETARY | 0.5 | $0 | $0 | $0 |
| CHARLES KENWORTHY | ||||||||
| 11444 W OLYMPIC BOULEVARD 11TH FL | LOS ANGELES | CA | 90064 | EXECUTIVE VICE PRESIDENT | 0.5 | $0 | $0 | $0 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | PROVIDING GRANTS TO VARIOUS CHARITABLE ORGANIZATIONS | Description1Txt |
| Expenses1 | $9,998,575 | Expenses1Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $131,607,043 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $6,377,818 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $1,378,125 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $139,362,986 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $139,362,986 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $2,090,445 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $137,272,541 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $6,863,627 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $6,863,627 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $190,598 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $190,598 | TotalTaxAmt |
| Distributable Before Adj | $6,673,029 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $6,673,029 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $6,673,029 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $9,998,575 | 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 | $9,998,575 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $190,598 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $9,807,977 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $6,673,029 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $9,947,189 | UndistributedIncomePYAmt |
| Prior Year1 | 2016 | PriorYear1Yr |
| Prior Year2 | 2015 | PriorYear2Yr |
| Prior Year3 | 2014 | PriorYear3Yr |
| Total For Prior Years | $90,793 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr1 | $0 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $9,998,575 | QualifyingDistributionsAmt |
| Applied To Year1 | $9,947,189 | AppliedToYear1Amt |
| Applied To Prior Years | $51,386 | AppliedToPriorYearsAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $39,407 | PriorYearUndistributedIncmAmt |
| Taxable1 | $39,407 | Taxable1Amt |
| Undistributed Income CY | $6,673,029 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $0 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | PATRICK MICHELE SOON-SHIONG | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (21 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| ARIZONA STATE UNIVERSITY - MCCAIN INSTITUTE | |||||||
| 1800 I ST NW SIXTH FLOOR | WASHINGTON | DC | 20006 | NONE | PC | CHARITABLE | $100,000 |
| BANK OF AMERICA CHARITABLE GIFT FUND | |||||||
| PO BOX 1802 | PROVIDENCE | RI | 02901 | NONE | PC | CHARITABLE | $8,547,272 |
| BIG SUNDAY | |||||||
| 6111 MELROSE AVE | LOS ANGELES | CA | 90038 | NONE | PC | CHARITABLE | $2,500 |
| BORN FREE USA | |||||||
| 8737 COLESVILLE ROAD SUITE 715 | SILVER SPRING | MD | 20910 | NONE | PC | CHARITABLE | $5,000 |
| CHILDREN'S HOSPITAL LOS ANGELES | |||||||
| 4650 SUNSET BOULEVARD | LOS ANGELES | CA | 90027 | NONE | PC | CHARITABLE | $10,000 |
| CITY OF HOPE | |||||||
| 1500 EAST DUARTE ROAD | DUARTE | CA | 91010 | NONE | PC | CHARITABLE | $10,000 |
| COMMITTEE TO PROTECT JOURNALISTS | |||||||
| PO BOX 2675 | NEW YORK | NY | 10108 | NONE | PC | CHARITABLE | $20,000 |
| EL SEGUNDO EDUCATION FOUNDATION | |||||||
| 641 SHELDON STREET | EL SEGUNDO | CA | 90245 | NONE | PC | CHARITABLE | $750 |
| GASOL FOUNDATION | |||||||
| 700 HARRIS ST STE 201 | CHARLOTTESVILE | VA | 22903 | NONE | PC | CHARITABLE | $25,000 |
| HARVARD WESTLAKE SCHOOL | |||||||
| 700 NORTH FARING ROAD | LOS ANGELES | CA | 90077 | NONE | PC | CHARITABLE | $40,000 |
| HSA COUNCIL | |||||||
| 5679 WILSHIRE BLVD 550 | LOS ANGELES | CA | 90036 | NONE | PC | CHARITABLE | $10,000 |
| MARYMOUNT HIGH SCHOOL | |||||||
| 10643 SUNSET BOULEVARD | LOS ANGELES | CA | 90077 | NONE | PC | CHARITABLE | $10,000 |
| RESURRECTION CATHOLIC CHURCH | |||||||
| 3324 EAST OPAL STREET | LOS ANGELES | CA | 90023 | NONE | PC | CHARITABLE | $30,000 |
| RESURRECTION CATHOLIC SCHOOL | |||||||
| 3360 EAST OPAL STREET | LOS ANGELES | CA | 90023 | NONE | PC | CHARITABLE | $30,000 |
| ROMAN CATHOLIC ARCHBISHOP OF LA | |||||||
| 3424 WILSHIRE BLVD | LOS ANGELES | CA | 90010 | NONE | PC | CHARITABLE | $300,000 |
| SCHWARZMAN SCHOLAR PROGRAM | |||||||
| 345 PARK AVENUE | NEW YORK | NY | 10154 | NONE | PC | CHARITABLE | $666,667 |
| ST MARTIN OF TOURS | |||||||
| 11955 SUNSET BOULEVARD | LOS ANGELES | CA | 90049 | NONE | PC | CHARITABLE | $80,000 |
| STANFORD UNIVERSITY | |||||||
| 450 SERRA MALL | STANFORD | CA | 94305 | NONE | PC | CHARITABLE | $10,000 |
| TESS RESEARCH FOUNDATION | |||||||
| 655 OAK GROVE AVE 53 | MELO PARK | CA | 94026 | NONE | PC | CHARITABLE | $25,000 |
| THE HELP GROUP | |||||||
| 13130 BURBANK BLVD | SHERMAN OAKS | CA | 91401 | NONE | PC | CHARITABLE | $10,000 |
| THE PAINTED TURTLE | |||||||
| 1300 4TH ST 300 | SANTA MONICA | CA | 90401 | NONE | PC | CHARITABLE | $15,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $9,947,189 | TotalGrantOrContriPdDurYrAmt |
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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $82,759 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $2,637,065 | 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 | $16,701,339 | 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 | $19,421,163 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $19,421,163 | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $46,525 | Amt |
| Net Investment Income | $23,262 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $23,263 | DisbursementsCharitablePrpsAmt |
Applied To Prior Year Election AppliedToPriorYearElection
| Field | Value | IRS element (for citing) |
|---|---|---|
| Election | Election Permitting Private Foundation to Avoid Excise Tax for Failure to Distribute Income IRC Section 4942(h)(2) Section 4942(h)(2) Election Chan Soon-Shiong Family Foundation, elects pursuant to Section 4942(h)(2) of the Internal Revenue Code and Reg. 53.4942(a)-3(d)(2) to treat qualifying distributions for the current tax year ended 09/30/2019, in excess of the undistributed income of the immediately preceding taxable year as being made from the Chan Soon-Shiong Family Foundation as follows: Income Tax Year Amount Investment 2016 51,386. _______ TOTAL 51,386. | ElectionDesc |
Depreciation Schedule DepreciationSchedule
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp (2 entries)
| IdentifierIdentifierTxt | Form And Line ReferenceFormAndLineReferenceDesc | Medium ExplanationMediumExplanationTxt |
|---|---|---|
| SECTION 4942(h)(2) | FORM 990PF, PART XIII, LINE 4B - Section 4942(h)(2) Election | Election Permitting Private Foundation to Avoid Excise Tax for Failure to Distribute Income IRC Section 4942(h)(2) Section 4942(h)(2) Election Chan Soon-Shiong Family Foundation, elects pursuant to Section 4942(h)(2) of the Internal Revenue Code and Reg. 53.4942(a)-3(d)(2) to treat qualifying distributions for the current tax year ended 09/30/2019, in excess of the undistributed income of the immediately preceding taxable year as being made from the Chan Soon-Shiong Family Foundation as follows: Income Tax Year Amount Investment 2016 51,386. _______ TOTAL 51,386. SIGNED ELECTION IS ATTACHED. |
| FORM 990PF, PART XIII, LINE 2 - UNDISTRIBUTED INCOME AS OF THE END OF 2018 | FORM 990PF, PART XIII, LINE 2 - UNDISTRIBUTED INCOME AS OF 2018 | As of September 2019, Chan Soon-Shiong Family Foundation was not using for an exempt purpose its Jungfrau painting by Anhelm Kiefer, which the foundation acquired on September 8, 2017. Since the painting is now deemed to be a nonexempt purpose asset, the foundation is including the lesser of the fair market value, as of September 30, 2019, or the purchase price of the painting in its distributable amount, when determining its undistributed income for purposes of IRC 4942(a) for the immediately preceding year. |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (27 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 226,337 SHS AB HIGH INCOME MUN | $2,466,861 | $2,682,096 |
| 245,933 SHS AMG MANAGERS DBL | $2,528,186 | $2,641,315 |
| 153,084 SHS ANGEL OAK MULTI | $1,685,458 | $1,693,112 |
| 223,931 SHS BLACKROCK TOT RET | $2,536,400 | $2,675,981 |
| 164,918 SHS BNY MELLON GLOBAL | $3,506,149 | $3,656,222 |
| 577,754 SHS COLUMBIA US GOVT. | $0 | $0 |
| 465,641 SHS DELAWARE POOLED TR | $0 | $0 |
| 149,850 SHS DREYFUS/STANDISH | $0 | $0 |
| 65,979 SHS FIRST TRUST | $3,370,867 | $3,430,248 |
| 126,631 SHS GUGGENHEIM | $3,370,915 | $3,476,019 |
| 211,437 SHS HOTCHKIS & WILEY H | $2,663,601 | $2,418,843 |
| 195,356 SHS LOOMIS SAYLES BOND | $2,770,967 | $2,670,515 |
| 832,575 SHS LORD ABBETT SHORT | $3,692,892 | $3,505,142 |
| 288,962 SHS METROPOLITAN WEST | $0 | $0 |
| 241,659 SHS NEUBERGER BERMAN | $2,522,433 | $2,658,253 |
| 27,430 SHS ISHARES CORE US AGG | $0 | $0 |
| 344,322 SHS VOYA INTERMEDIATE | $3,370,915 | $3,594,725 |
| 310,977 SHS WESTERN ASSET SHOR | $1,908,140 | $1,629,520 |
| 239,689 SHS AMG MANAGERS SHORT | $2,310,491 | $2,250,676 |
| 465,641 SHS DELAWARE LIMITED | $3,978,729 | $3,864,821 |
| 1,041,969 SHS JANUS SHORT TERM | $3,174,259 | $3,146,748 |
| 315,967 SHS JP MORGAN LIMITED | $3,165,663 | $3,191,273 |
| 274,878 SHS LOOMIS SAYLES LTD | $3,184,270 | $3,128,106 |
| 530,099 SHS MFS LTD MATURITY | $3,185,564 | $3,175,296 |
| 285,121 SHS NUVEEN LIMITED TRM | $3,177,672 | $3,181,947 |
| 239,056 SHS THORNBURG LTD TERM | $3,177,914 | $3,131,628 |
| 677,878 SHS VIRTUS MULTI SECT | $3,323,943 | $3,199,583 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (28 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 265,786 SHS CELGENE CORP COM | $7,699,156 | $26,392,550 |
| 1,301,000 SHS CELGENE CORP CVR | $0 | $741,570 |
| 38,725.521 SHS PROMETIC LIFE | $85,525,001 | $402,463 |
| TAX BASIS $7,590,475 | ||
| 5,618,326 SHS NANTKWEST INC | $34,103,239 | $6,854,358 |
| 8,940 SHS AMERICAN ELECTRIC | $503,395 | $837,589 |
| 20,300 SHS AT&T INC | $653,775 | $768,152 |
| 808 SHS BLACKROCK INC | $238,773 | $360,077 |
| 26,167 SHS CENTURYLINK INC | $596,609 | $326,564 |
| 8,120 SHS CHEVRON CORP | $622,067 | $963,032 |
| 18,457 SHS CISCO SYSTEMS INC | $478,592 | $911,960 |
| 3,933 SHS CORTEVA INC | $86,346 | $110,124 |
| 13,437 SHS CONOCOPHILLIPS | $623,211 | $765,640 |
| 11,801 SHS DOWDUPONT INC | $0 | $0 |
| 3,933 SHS DOW INC | $155,955 | $187,408 |
| 3,933 SHS DUPONT DE NEMOURS | $238,010 | $280,462 |
| 7,857 SHS EXXON MOBIL CORP | $574,385 | $554,783 |
| 36,206 SHS FORD MOTOR CO | $479,293 | $331,647 |
| 19,444 SHS GENERAL ELECTRIC | $478,814 | $173,829 |
| 16,432 INTEL CORP | $479,641 | $846,741 |
| 12,661 INTERNATIONAL PAPER CO | $479,807 | $529,483 |
| 5,162 SHS MERCK AND CO INC | $251,233 | $434,537 |
| 16,192 SHS PFIZER INC | $502,433 | $581,779 |
| 20,415 SHS PPL CORPORATION | $655,456 | $642,868 |
| 6,613 SHS PROCTER & GAMBLE CO | $479,291 | $822,525 |
| 14,803 SHS VERIZON COMMUNICATI | $653,497 | $893,509 |
| 23,492 SHS STARWOOD PPTY TR IN | $480,399 | $568,976 |
| 104 SHS WABTEC | $8,118 | $7,473 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $37,150 | LegalFeesAmt |
| Net Investment Income | $9,287 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $27,863 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ARTWORK FOR CHARITABLE USE | Desc |
| BOY Book Value | $1,378,125 | BOYBookValueAmt |
| EOY Book Value | $1,378,125 | EOYBookValueAmt |
| EOYFMV | $1,378,125 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (3 entries)
| DescDesc | AmtAmt |
|---|---|
| DELAWARE DIVERSIFIED - BASIS ADJUSTMENTS | $28,492 |
| VIRTUS NEWFLEET - BASIS ADJUSTMENTS | $3,928 |
| ROUNDING/OTHER ADJUSTMENTS | $65 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| BANK CHARGES/FEES - ML-07341 | $150 | $75 | $75 |
| FEES - ML-04269 | $68,852 | $68,852 | $0 |
| FEES - ML-02028 | $45,060 | $45,060 | $0 |
| FEES - JPM - REFUND | -$30 | -$30 | $0 |
| FILING FEES - CA ATTORNEY GEN. | $150 | $0 | $150 |
| CA SECRETARY OF STATE | $25 | $0 | $25 |
| STORAGE - ART HELD FOR CHAR. | $7,105 | $0 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FEDERAL | $250,000 | $0 | $0 |
| CALIFORNIA | $10 | $0 | $10 |
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