PENSKE FOUNDATION INC: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- PENSKE FOUNDATION INC (EIN 27-4648290)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-04-28
- IRS object ID
- 202031199349100613
- Schema version
- 2019v5.1
- 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
- Investments Corp Bonds Schedule
- Legal Fees Schedule
- Other Expenses Schedule
- Substantial Contributors Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-04-28T13:13:13-05:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 232391384 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SCHWARTZ LASSON HARRIS LTD | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | TWO WALNUT GROVE DRIVE | AddressLine1Txt |
| City | HORSHAM | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19044 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2019-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 274648290 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PENSKE FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PENS | BusinessNameControlTxt |
| Phone | 2486482400 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2555 TELEGRAPH ROAD | AddressLine1Txt |
| City | BLOOMFIELD HILLS | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 483020954 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARY LOU PERNICANO | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 2486482400 | PhoneNum |
| Signature | 2020-04-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | THOMAS GOLDEN CPA | PreparerPersonNm |
| PTIN | P00049065 | PTIN |
| Phone | 2159569700 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | 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 | $2,130,020 | 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 | $1,620,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $2,792 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $2,792 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $45,490 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $45,490 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$1 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $47 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $1,668,281 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $48,282 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $189 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $2,000 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $2,000 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $165 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $32 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $2,386 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $2,000 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,570,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,570,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,572,386 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,572,000 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $95,895 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $48,282 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $776,697 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $832,391 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $832,391 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Bonds BOY | $2,034,353 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $2,074,554 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $1,297,629 | CorporateBondsEOYFMVAmt |
| Total Assets BOY | $2,811,050 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,906,945 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $2,130,020 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $2,811,050 | RetainedEarningBOYAmt |
| Retained Earning EOY | $2,906,945 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $2,811,050 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $2,906,945 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $2,811,050 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $2,906,945 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $2,811,050 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $95,895 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $2,906,945 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $2,906,945 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | WABTEC CASH IN LIEU | PropertyDesc |
| How Acquired | P | HowAcquiredCd |
| Acquired | 2019-02-26 | AcquiredDt |
| Sold | 2019-02-26 | SoldDt |
| Gross Sales Price | $47 | GrossSalesPriceAmt |
| Cost Or Other Basis | $48 | CostOrOtherBasisAmt |
| Gain Or Loss | -$1 | GainOrLossAmt |
| Gains Minus Excess Or Losses | -$1 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$1 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $1,502,375 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $2,116,375 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.709881 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $1,696,900 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $3,150,579 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.538599 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $2,202,450 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $3,559,645 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.618727 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $2,460,656 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $3,049,065 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.807020 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $3,093,819 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $2,968,314 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 1.042282 | DistributionYr5Rt |
| Total Distribution | 3.716509 | TotalDistributionRt |
| Average Distribution | 0.743302 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $1,965,682 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $1,461,095 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $483 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $1,461,578 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $1,572,000 | 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 | $483 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $483 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $483 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $1,040 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $1,040 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $557 | OverpaymentAmt |
| Applied To ES Tax | $557 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MI | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (1) | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | NONE | WebsiteAddressTxt |
| Individual With Books | FOUNDATION MANAGEMENT | IndividualWithBooksNm |
| Phone | 2486482400 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2555 TELEGRAPH ROAD | AddressLine1Txt |
| City | BLOOMFIELD HILLS | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 483020954 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (8 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 |
|---|---|---|---|---|---|---|---|---|
| KATHRYN H PENSKE | ||||||||
| 1241 CLUB DRIVE | BLOOMFIELD HILLS | MI | 48302 | PRESIDENT | 1.00 | $0 | $0 | $0 |
| LAWRENCE N BLUTH | ||||||||
| 2555 TELEGRAPH ROAD | BLOOMFIELD HILLS | MI | 48302 | SECRETARY | 1.00 | $0 | $0 | $0 |
| MARY LOU PERNICANO | ||||||||
| 2555 TELEGRAPH ROAD | BLOOMFIELD HILLS | MI | 48302 | TREASURER | 1.00 | $0 | $0 | $0 |
| ROGER S PENSKE JR | ||||||||
| 2555 TELEGRAPH ROAD | BLOOMFIELD HILLS | MI | 48302 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| GREGORY W PENSKE | ||||||||
| 2555 TELEGRAPH ROAD | BLOOMFIELD HILLS | MI | 48302 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| MARK H PENSKE | ||||||||
| 2555 TELEGRAPH ROAD | BLOOMFIELD HILLS | MI | 48302 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| JAY C PENSKE | ||||||||
| 2555 TELEGRAPH ROAD | BLOOMFIELD HILLS | MI | 48302 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| BLAIR PENSKE HALL | ||||||||
| 2555 TELEGRAPH ROAD | BLOOMFIELD HILLS | MI | 48302 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $1,103,513 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $892,103 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,995,616 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $1,995,616 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $29,934 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $1,965,682 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $98,284 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $98,284 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $483 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $483 | TotalTaxAmt |
| Distributable Before Adj | $97,801 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $97,801 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $97,801 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,572,000 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,572,000 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $483 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,571,517 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $97,801 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $2,947,265 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $2,310,091 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $2,026,268 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $1,541,251 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $1,397,561 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $10,222,436 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,572,000 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $97,801 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $1,474,199 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $11,696,635 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $2,947,265 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $8,749,370 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $2,310,091 | ExcessFromYear4Amt |
| Excess From Year3 | $2,026,268 | ExcessFromYear3Amt |
| Excess From Year2 | $1,541,251 | ExcessFromYear2Amt |
| Excess From Year1 | $1,397,561 | ExcessFromYear1Amt |
| Excess From Current Year | $1,474,199 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | KATHRYN H PENSKE | ContributingManagerNm |
| Contributing Manager | LAWRENCE N BLUTH | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (11 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| NANTUCKET DREAMLAND FOUNDATION | ||||||
| PO BOX 989 | NANTUCKET | MA | 02554 | PUBLIC CHARITY | GENERALGENERAL | $125,000 |
| MAYO CLINIC | ||||||
| 200 FIRST STREET SW | ROCHESTER | MN | 55905 | PUBLIC CHARITY | GENERAL | $500,000 |
| NANTUCKET CONSERVATION FOUNDATION | ||||||
| 118 CLIFF ROAD | NANTUCKET | MA | 02554 | PUBLIC CHARITY | GENERAL | $25,000 |
| TECH FORCE FOUNDATION | ||||||
| 16220 N SCOTTSDALE RD STE 100 | SCOTTSDALE | AZ | 85254 | PUBLIC CHARITY | GENERAL | $25,000 |
| CHILDSAFE MICHIGAN | ||||||
| 30680 MONTPELIER STE 250 | MADISON HEIGHTS | MI | 48071 | PUBLIC CHARITY | GENERAL | $10,000 |
| UNITED WAY OF SOUTHERN MICHIGAN | ||||||
| 660 WOODWARD AVE | DETROIT | MI | 48226 | PUBLIC CHARITY | GENERAL | $125,000 |
| DETROIT INSTITUTE OF ARTS | ||||||
| 5200 WOODWARD AVE | DETROIT | MI | 48202 | PUBLIC CHARITY | GENERAL | $500,000 |
| NANTUCKET COTTAGE HOSPITAL | ||||||
| 57 PROSPECT STREET | NANTUCKET | MA | 02554 | PUBLIC CHARITY | GENERAL | $100,000 |
| HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS INC | ||||||
| 99 CANAL CENTER PLAZA SUITE 320 | ALEXANDRIA | VA | 22314 | PUBLIC CHARITY | GENERAL | $100,000 |
| DETROIT HISTORICAL SOCIETY | ||||||
| 5401 WOODWARD | DETROIT | MI | 48202 | PUBLIC CHARITY | GENERAL | $10,000 |
| EL EDUCATION | ||||||
| 247 WEST 35TH STREET 8TH FLOOR | NEW YORK | NY | 10001 | PUBLIC CHARITY | GENERAL | $50,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,570,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $2,792 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $45,490 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | -$1 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $48,281 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $48,281 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (3 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|
| ROGER S AND KATHRYN H PENSKE | ||||||
| 1 | 1241 CLUB DRIVE | BLOOMFIELD HILLS | MI | 48302 | $1,520,000 | Yes (X) |
| PENSKE AUTOMOTIVE GROUP INC | ||||||
| 2 | 2555 TELEGRAPH ROAD | BLOOMFIELD HILLS | MI | 48302 | $50,000 | Yes (X) |
| PENSKE CORPORATION | ||||||
| 3 | 2555 TELEGRAPH ROAD | BLOOMFIELD HILLS | MI | 48302 | $50,000 | Yes (X) |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | SCHWARTZ LASSON HARRIS LTD | CategoryTxt |
| Amt | $2,000 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $2,000 | DisbursementsCharitablePrpsAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (4 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 96,000 SHS GENERAL ELECTRIC CO | $1,750,080 | $1,071,360 |
| 20,353 SHS UNIVERSAL TECHNICAL INST. INC. | $257,873 | $156,922 |
| 800 SHS GENERAL MOTORS CO | $26,400 | $29,280 |
| 515 SHS WABTEC | $40,201 | $40,067 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | NRAI | CategoryTxt |
| Legal Fees | $189 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BANK FEES | Desc |
| Revenue And Expenses Per Books | $32 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor Detail SubstantialContributorDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ROGER S AND KATHRYN H PENKE | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1241 CLUB DRIVE | AddressLine1Txt |
| City | BLOOMFIELS HILLS | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48302 | ZIPCd |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | 2019 FORM 990PF ESTIMATE | CategoryTxt |
| Amt | $165 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
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