2020-04-30T15:13:14-05:00 2019-12-31 Foundation Source One Hollow Ln Ste 212 Lake Success NY 11042 990PF 2019-01-01 200856943 The Doug and Betsey Schwab and Family Foundation Inc % Foundation Source DOUG 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 ELIZABETH HURWITZ-SCHWAB president 8008391754 2020-04-10 true Jeffrey D Haskell P01345770 8008391754 68.194.129.137 06391520201215000036 2020-04-30 P 63476347D9E071966F9E2565D7EF6A27653B0A32 D2746C13DFDED97F2954BEA0DC7B7E2EDF81EBF0 2019 2021-04-22 16:20:28Z X 371023 X 0 X 368 368 7685 7685 8697 135079 19580 16750 27633 0 4087 4087 1456 5025 5025 10568 4087 5025 126000 126000 136568 4087 131025 -119818 23546 18067 16240 16240 428389 310398 354783 446456 326638 371023 0 0 X 446456 326638 446456 326638 446456 326638 446456 -119818 326638 326638 Publicly-traded Securities 135079 115499 19580 19580 19580 false 81642 325181 0.251066 107794 240777 0.447692 149016 333244 0.447168 161312 509518 0.316597 237198 345612 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Douglas Schwab Elizabeth J Hurwitz-Schwab X ALLEGANY ARTS COUNCIL INC 9 N CENTRE ST CUMBERLAND MD 21502 N/A PC Charitable Event 1000 B'ER CHAYIM CONGREGATION 107 UNION ST CUMBERLAND MD 21502 N/A PC 2019 High Holiday Appeal and Book of Memory Initiative FUND 1000 BOY SCOUTS OF AMERICA 1275 BEDFORD AVE PITTSBURGH PA 15219 N/A PC Charitable Event 4000 BOY SCOUTS OF AMERICA 1275 BEDFORD AVE PITTSBURGH PA 15219 N/A PC 2019 Friends of Scouting Board & Community Contribution Fund 2000 BOY SCOUTS OF AMERICA 1275 BEDFORD AVE PITTSBURGH PA 15219 N/A PC Camp Potomac Shower Building 50000 BOY SCOUTS OF AMERICA 1275 BEDFORD AVE PITTSBURGH PA 15219 N/A PC Friends of Scouting 2000 CHICAGO COMMUNITY BOND FUND 601 S CALIFORNIA AVE CHICAGO IL 60612 N/A PC General & Unrestricted 1000 CHICAGO PUBLIC MEDIA INC NAVY PIER 848 E GRAND AVE CHICAGO IL 60611 N/A PC General & Unrestricted 1000 COUNTY UNITED WAY INC 113A S CENTRE ST CUMBERLAND MD 21502 N/A PC 2020 Legacy Campaign 10000 CUMBERLAND SUMMER THEATER 101 N JOHNSON ST CUMBERLAND MD 21502 N/A PC General & Unrestricted 2500 EVERGREEN HERITAGE CENTER FOUNDATION INC 101 BRADDOCK HTS FROSTBURG MD 21532 N/A PC General & Unrestricted 1000 FAMILY CRISIS RESOURCE CENTER INC 146 BEDFORD ST CUMBERLAND MD 21502 N/A PC General & Unrestricted 10000 FOODBANK INC 56 ARMOR PL DAYTON OH 45417 N/A PC General & Unrestricted 1000 FROSTBURG STATE UNIVERSITY FOUNDATION 101 BRADDOCK RD FROSTBURG MD 21532 N/A PC Charitable Event 5000 GREATER CHICAGO FOOD DEPOSITORY 4100 W ANN LURIE PL CHICAGO IL 60632 N/A PC General & Unrestricted 1000 HELLO BABY NFP 14 N PEORIA ST STE 2E CHICAGO IL 60607 N/A PC General & Unrestricted 500 HYDE PARK NEIGHBORHOOD CLUB 5480 S KENWOOD AVE CHICAGO IL 60615 N/A PC General & Unrestricted 500 INVISIBLE INSTITUTE 6100 S BLACKSTONE AVE CHICAGO IL 60637 N/A PC General & Unrestricted 1000 JANES PLACE INC 26 GREENE ST CUMBERLAND MD 21502 N/A PC General & Unrestricted 10000 NIGHT MINISTRY 4711 N RAVENSWOOD AVE CHICAGO IL 60640 N/A PC General & Unrestricted 1000 PRO PUBLICA INC 155 AVE OF THE AMERICAS 13TH FL NEW YORK NY 10013 N/A PC General & Unrestricted 1000 RONALD MCDONALD HOUSE CHARITIES OF CHICAGOLAND AND 1301 W 22ND ST STE 905 OAK BROOK IL 60523 N/A PC Rebuilding efforts at the UChicago house 1000 SOUTHWEST CHICAGO HOMELESS SERVICES 3121 W 71ST ST CHICAGO IL 60629 N/A PC General & Unrestricted 1000 WAMBA CHARITIES INC PO BOX 432 CUMBERLAND MD 21501 N/A PC Charitable Event 10000 JEWISH MUSEUM 1109 5TH AVE NEW YORK NY 10128 n/a PC General & Unrestricted 7500 126000 14 368 14 7685 18 8697 16750 16750 false false false false false false false false false false INVESCO WATER RESOURCES ETF 15530 19315 ISHARES S&P 500 GROWTH INDEX F 17162 22269 ISHARES TR S & P MIDCAP 400 IN 7365 10291 MATTHEWS ASIA PACIFIC EQUITY I 27388 29288 MATTHEWS JAPAN FUND 12795 13918 MERCK & CO INC 15352 21828 MORGAN STANLEY INSTITUTIONAL F 109656 119837 PIMCO INCOME FUND P CLASS 26573 25980 SPDR S&P DIVIDEND ETF 53950 64541 VANGUARD FTSE EUROPEAN ETF 14341 15236 VERIZON COMMUNICATIONS 10286 12280 As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets.The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions:During the taxable year ending December 31, 2019, the Foundation made distributions from assets from sources other than current income.Collectively, the distributions in excess of current income totaled $118,500. This amount represents 25% or more of the Foundation's net assets of $411,580 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2019. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution.The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a; each such grant was made solely for the charitable purpose specified therein. Administrative Fees 5000 5000 State or Local Filing Fees 25 25 Investment Management Services 4087 4087 990-PF Excise Tax for 2018 1456