BETA

RUTLEDGE FAMILY FOUNDATION: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
RUTLEDGE FAMILY FOUNDATION (EIN 81-0861760)
Tax period
2018-12-01 to 2019-11-30
Filed
2020-06-08
IRS object ID
202001609349100420
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 ReturnHeader

FieldValueIRS element (for citing)
Return2020-06-08T12:18:17-05:00ReturnTs
Tax Period End2019-11-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ERNST & YOUNG US LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line15 TIMES SQUAREAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10036ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2018-12-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN810861760EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE RUTLEDGE FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% THOMAS M RUTLEDGEInCareOfNm
Business Name ControlRUTLBusinessNameControlTxt
Phone5163360217PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1183 BYRAM SHORE ROADAddressLine1Txt
CityGREENWICHCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06830ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTHOMAS M RUTLEDGEPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone5163360100PhoneNum
Signature2020-06-06SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLAURA KIELCZEWSKIPreparerPersonNm
PTINP00740769PTIN
Phone2127733000PhoneNum
Preparation2020-05-20PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address108.6.130.58IPv4AddressTxt
FieldValueIRS element (for citing)
Federal Original Submission Id26308520201605000047FederalOriginalSubmissionId
Federal Original Submission Id2020-06-08FederalOriginalSubmissionIdDt
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdB9B1AABE5DE6E16134391460AD4941496DE0E715AtSubmissionCreationDeviceId
At Submission Filing Device Id5D4C6706B5F6A72514807A0D425DFF8B0D67C9BDAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2020-11-19 02:30:22ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$32,991,923FMVAssetsEOYAmt
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$6,176InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$6,176InterestOnSavNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$909,017NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$2,057,376GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$1,600,059CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$915,193TotalRevAndExpnssAmt
Total Net Invst Incm$1,606,235TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Taxes Rev And Expnss$17,000TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$17,000TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$2,065,945ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$2,065,945ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$2,082,945TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$2,065,945TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$1,167,752ExcessRevenueOverExpensesAmt
Net Investment Income$1,606,235NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$1,742,961CashBOYAmt
Cash EOY$1,723,568CashEOYAmt
Cash EOYFMV$1,723,568CashEOYFMVAmt
Corporate Stock BOY$15,594,270CorporateStockBOYAmt
Corporate Stock EOY$14,834,349CorporateStockEOYAmt
Corporate Stock EOYFMV$31,268,355CorporateStockEOYFMVAmt
Total Assets BOY$17,337,231TotalAssetsBOYAmt
Total Assets EOY$16,557,917TotalAssetsEOYAmt
Total Assets EOYFMV$32,991,923TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$17,337,231CapitalStockBOYAmt
Capital Stock EOY$16,577,917CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$17,337,231TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$16,577,917TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$17,337,231TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$16,577,917TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$17,337,231TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$1,167,752ExcessRevenueOverExpensesAmt
Other Increases$388,438OtherIncreasesAmt
Subtotal$16,557,917SubtotalAmt
Tot Net Ast Or Fund Balances EOY$16,557,917TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
3,000 SHS CHARTER COMMUNICATIONS INC$1,032,322$266,398$765,924$765,924
2,150 SHS CHARTER COMMUNICATIONS INC$1,025,054$190,919$834,135$834,135
FieldValueIRS element (for citing)
Capital Gain Net Income$1,600,059CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$0NetShortTermCapitalGainLossAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$2,344,441AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$25,028,891NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.093669DistributionYr1Rt
Adjusted Qlfy Distri Yr2$953,376AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$26,422,973NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.036081DistributionYr2Rt
Adjusted Qlfy Distri Yr3$26,000AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$16,290,456NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.001596DistributionYr3Rt
Total Distribution0.131346TotalDistributionRt
Average Distribution0.043782AverageDistributionRt
Net Vl Noncharitable Assets$26,638,019NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$1,166,266AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$16,062NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$1,182,328AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$2,065,945QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$16,062InvestmentIncomeExciseTaxAmt
Subtotal$16,062SubtotalAmt
Tax Based On Investment Income$16,062TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$11,940EstimatedPlusOvpmtIncmTxAmt
Extsn Request Income Tax Paid$25,000ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$36,940TotalPaymentsAndCreditsAmt
Overpayment$20,878OverpaymentAmt
Applied To ES Tax$20,878AppliedToESTaxAmt

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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1THOMAS M RUTLEDGEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5163360217PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1183 BYRAM SHORE ROADAddressLine1Txt
CityGREENWICHCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06830ZIPCd
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
THOMAS M RUTLEDGE
183 BYRAM SHORE ROADGREENWICHCT06830TRUSTEE0.5$0$0$0
KAREN A RUTLEDGE
183 BYRAM SHORE ROADGREENWICHCT06830TRUSTEE0.5$0$0$0

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1NONEDescription1Txt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1NONEDescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$26,139,463AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$904,211AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$27,043,674TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$27,043,674AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$405,655CashDeemedCharitableAmt
Net Vl Noncharitable Assets$26,638,019NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,331,901MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,331,901MinimumInvestmentReturnAmt
Tax Based On Investment Income$16,062TaxBasedOnInvestmentIncomeAmt
Total Tax$16,062TotalTaxAmt
Distributable Before Adj$1,315,839DistributableBeforeAdjAmt
Distributable Before Ded$1,315,839DistributableBeforeDedAmt
Distributable As Adjusted$1,315,839DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$2,065,945ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$2,065,945QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$16,062PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$2,049,883AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,315,839DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Prior Year12016PriorYear1Yr
Prior Year22015PriorYear2Yr
Prior Year32014PriorYear3Yr
Excess Distribution Cyov Yr2$0ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$1,952ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$1,952TotalExcessDistributionCyovAmt
Qualifying Distributions$2,065,945QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Current Year$1,315,839AppliedToCurrentYearAmt
Remaining Distri From Corpus$750,106RemainingDistriFromCorpusAmt
Total Corpus$752,058TotalCorpusAmt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$752,058ExcessDistriCyovToNextYrAmt
Excess From Year2$0ExcessFromYear2Amt
Excess From Year1$1,952ExcessFromYear1Amt
Excess From Current Year$750,106ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerTHOMAS M RUTLEDGEContributingManagerNm
Shareholder ManagerNONEShareholderManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1ATTACHMENT 5BusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1VARIOUSAddressLine1Txt
CityVARIOUSCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06134ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationshipTxt
Recipient Foundation StatusPCRecipientFoundationStatusTxt
Grant Or Contribution PurposeTO PROMOTE THE WORK OF THE ORGANIZATIONGrantOrContributionPurposeTxt
Amt$2,065,945Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$2,065,945TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp
Int On Sav And Temp Cash InvstIntOnSavAndTempCashInvstGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$6,176ExclusionAmt
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$909,017ExclusionAmt
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$915,193ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$915,193TotalIncomeProducingActyAmt

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

All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch

All Other Program Related Invst AllOtherProgramRelatedInvstGrp

FieldValueIRS element (for citing)
DescNONEDesc

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
66,527 SHS CHARTER$14,834,349$31,268,355
COMMUNICATIONS CLASS A

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescSTOCK BOOK VALUE ADJUSTMENTDesc
Amt$388,438Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
Category2017 PAYMENT MADE 2018CategoryTxt
Amt$17,000Amt

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