THE JAFFE FAMILY FOUNDATION: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- THE JAFFE FAMILY FOUNDATION (EIN 22-2827692)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-11-12
- IRS object ID
- 202023179349102312
- 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
- Accounting Fees Schedule
- All Oth Prog Rltd Investments Sch
- Depreciation Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-11-12T13:27:45-06:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 757 THIRD AVENUE 3RD FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100172013 | 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 | 222827692 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Jaffe Family Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % REBECA GONTARYK | InCareOfNm |
| Business Name Control | JAFF | BusinessNameControlTxt |
| Phone | 5517776803 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | c/o Jaffe Family Office PO BOX 535 | AddressLine1Txt |
| City | VALLEY COTTAGE | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10989 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ELLIOT JAFFE | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 2125990100 | PhoneNum |
| Signature | 2020-11-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Curtis Young | PreparerPersonNm |
| PTIN | P01533495 | PTIN |
| Phone | 2125990100 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 69.119.144.65 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Federal Original Submission Id | 26376320203175000005 | FederalOriginalSubmissionId |
| Federal Original Submission Id | 2020-11-12 | FederalOriginalSubmissionIdDt |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | A87539D75D44546F9E81755E19BD8DC508F41D5E | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | A87539D75D44546F9E81755E19BD8DC508F41D5E | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2021-04-22 16:20:28Z | 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 | $52,123,353 | 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 | $118,788 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $118,788 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $1,150,613 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,150,613 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $260,438 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $5,549,380 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $260,438 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $397,035 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | -$12,229 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $0 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $1,926,874 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,517,610 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $8,119 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $8,119 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $46,333 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $18,533 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $23,167 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $321,297 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $226,683 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $78,106 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $26,670 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $19,942 | InterestNetInvstIncmAmt |
| Interest Adj Net Incm | $0 | InterestAdjNetIncmAmt |
| Interest Dsbrs Chrtbl | $1,475 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $67,426 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $16,371 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Occupancy Rev And Expnss | $46,465 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $4,646 | OccupancyNetInvstIncmAmt |
| Occupancy Adj Net Incm | $0 | OccupancyAdjNetIncmAmt |
| Occupancy Dsbrs Chrtbl | $41,819 | OccupancyDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $160,473 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $154,294 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $4,753 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $676,783 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $440,469 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $157,439 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $2,465,861 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $2,465,861 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $3,142,644 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $440,469 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $2,623,300 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$1,215,770 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,077,141 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $2,892,508 | CashBOYAmt |
| Cash EOY | $1,415,187 | CashEOYAmt |
| Cash EOYFMV | $1,415,187 | CashEOYFMVAmt |
| US Government Obligations BOY | $14,916,888 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $12,303,885 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $12,303,885 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $12,173,163 | CorporateStockBOYAmt |
| Corporate Stock EOY | $17,759,350 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $20,875,500 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $0 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $4,016,429 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $4,009,088 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $3,473,466 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $3,898,249 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $9,019,693 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $4,500,000 | LandBldgEquipCostOrOtherBssAmt |
| Land BOY | $4,500,000 | LandBOYAmt |
| Land EOY | $4,500,000 | LandEOYAmt |
| Land EOYFMV | $4,500,000 | LandEOYFMVAmt |
| Total Assets BOY | $37,956,025 | TotalAssetsBOYAmt |
| Total Assets EOY | $43,893,100 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $52,123,353 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | -$5,982,621 | CapitalStockBOYAmt |
| Capital Stock EOY | -$5,982,621 | CapitalStockEOYAmt |
| Retained Earning BOY | $43,938,646 | RetainedEarningBOYAmt |
| Retained Earning EOY | $49,875,721 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $37,956,025 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $43,893,100 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $37,956,025 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $43,893,100 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $37,956,025 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$1,215,770 | ExcessRevenueOverExpensesAmt |
| Other Increases | $7,152,845 | OtherIncreasesAmt |
| Subtotal | $43,893,100 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $43,893,100 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| ST LOSS FROM SALE OF PUBLICLY TRADED SECURITIES | P | $2,789,050 | $2,813,073 | -$23,350 | -$24,023 |
| ST LOSS FROM LP INVESTMENTS | P | $76,567 | -$76,567 | -$76,567 | |
| LT GAIN FROM SALE OF PUBLICLY TRADED SECURITIES | P | $2,482,877 | $2,400,176 | $82,902 | $82,701 |
| LT GAIN FROM LP INVESTMENTS | P | $192,273 | $192,273 | $192,273 | |
| CAPITAL GAIN DIVIDENDS | P | $85,180 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $260,438 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $2,678,889 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $54,787,312 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.048896 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $3,090,346 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $57,786,959 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.053478 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $3,282,636 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $62,097,262 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.052863 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $3,043,856 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $64,438,359 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.047237 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $2,772,771 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $55,408,547 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.050042 | DistributionYr5Rt |
| Total Distribution | 0.252516 | TotalDistributionRt |
| Average Distribution | 0.050503 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $47,323,562 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $2,389,982 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $10,771 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $2,400,753 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $2,623,300 | 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 | $10,771 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $10,771 | SubtotalAmt |
| Tax Based On Investment Income | $10,771 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $52,943 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $15,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $67,943 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Overpayment | $57,172 | OverpaymentAmt |
| Applied To ES Tax | $57,172 | 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 |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NY | 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 | false | 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 | REBECA GONTARYK | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5517776803 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 933 MACARTHUR BOULEVARD | AddressLine1Txt |
| City | MAHWAH | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07430 | 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 | Yes (true) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Undistr Incm Sect4942a2 Not App | false | UndistrIncmSect4942a2NotAppInd |
| Business Holdings | false | BusinessHoldingsInd |
| 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 | Yes (true) | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (true) | MaintainedExpenditureRspnsInd |
| 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 (5 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 |
|---|---|---|---|---|---|---|---|---|
| Richard Jaffe | ||||||||
| 933 MacArthur blvd | mahwah | NJ | 07430 | Vice-President | 1.0 | $0 | $0 | $0 |
| Elliot Jaffe | ||||||||
| 933 Macarthur Blvd | Mahwah | NJ | 07430 | president | 1.0 | $0 | $0 | $0 |
| Elise Jaffe | ||||||||
| 933 Macarthur Blvd | Mahwah | NJ | 07430 | Vice-President | 1.0 | $0 | $0 | $0 |
| David Jaffe | ||||||||
| 933 Macarthur Blvd | Mahwah | NJ | 07430 | Vice-President | 1.0 | $0 | $0 | $0 |
| Roslyn Jaffe | ||||||||
| 933 Macarthur Blvd | Mahwah | NJ | 07430 | VP, Secretary, Treasurer | 1.0 | $0 | $0 | $0 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $45,594,018 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $649,189 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $1,801,018 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $48,044,225 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $48,044,225 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $720,663 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $47,323,562 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,366,178 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $2,366,178 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $10,771 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $10,771 | TotalTaxAmt |
| Distributable Before Adj | $2,355,407 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $39,055 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $2,394,462 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $2,394,462 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $2,623,300 | 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 | $2,623,300 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $10,771 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $2,612,529 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $2,394,462 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $2,305,608 | UndistributedIncomePYAmt |
| Prior Year1 | 2017 | PriorYear1Yr |
| Prior Year2 | 2016 | PriorYear2Yr |
| Prior Year3 | 2015 | PriorYear3Yr |
| Excess Distribution Cyov Yr1 | $0 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $2,623,300 | QualifyingDistributionsAmt |
| Applied To Year1 | $2,305,608 | AppliedToYear1Amt |
| Applied To Current Year | $317,692 | AppliedToCurrentYearAmt |
| 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 |
| Undistributed Income CY | $2,076,770 | 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 | ELLIOT JAFFE | ContributingManagerNm |
| Shareholder Manager | NA | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEE ATTACHMENT 16 | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | jAFFE fAMILY oFFICE PO BOX 535 | AddressLine1Txt |
| City | VALLEY COTTAGE | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10989 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | NONE | RecipientRelationshipTxt |
| Grant Or Contribution Purpose | GENERAL SUPPPORT | GrantOrContributionPurposeTxt |
| Amt | $2,465,861 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $2,465,861 | 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 | $118,788 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,150,613 | 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) |
|---|---|---|
| Business | 523000 | BusinessCd |
| Unrelated Business Taxbl Incm | $290,508 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$30,070 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp (4 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt | Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt |
|---|---|---|---|---|---|
| PFIC INCOME | 01 | $74,452 | $0 | ||
| NONDIVIDEND DISTRIBUTIONS | 01 | $80,964 | $0 | ||
| INCOME (LOSS FROM PASS THROUGH ENTITIES) | 01 | $203,827 | $0 | 523000 | -$1,263 |
| GRANT REFUND | 01 | $39,055 | $0 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $289,245 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $1,637,629 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,926,874 | 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 | BOOKKEEPING/TAX PREPARATION | CategoryTxt |
| Amt | $46,333 | Amt |
| Net Investment Income | $18,533 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $23,167 | DisbursementsCharitablePrpsAmt |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NONE | Desc |
Depreciation Schedule DepreciationSchedule
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | CORPORATE BONDS | BondNm |
| EOY Book Value | $4,016,429 | EOYBookValueAmt |
| EOYFMV | $4,009,088 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | EQUITY SECURITIES | StockNm |
| EOY Book Value | $17,759,350 | EOYBookValueAmt |
| EOYFMV | $20,875,500 | EOYFMVAmt |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $12,303,885 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $12,303,885 | USGovtObligationsEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ALTERNATIVE INVESTMENTS | $2,272,023 | $7,088,805 |
| PARTNERSHIP INVESTMENTS | $1,626,226 | $1,930,888 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FOUNDATION OPERATION QUESTIONS | CategoryTxt |
| Legal Fees | $8,119 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $8,119 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| OTHER LP EXPENSES | $155,720 | $154,294 | $0 | $0 |
| INSURANCE EXPENSE | $2,476 | $0 | $0 | $2,476 |
| NYS FILING FEE | $1,500 | $0 | $0 | $1,500 |
| BANK CHARGES | $655 | $0 | $0 | $655 |
| OFFICE EXPENSES | $122 | $0 | $0 | $122 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| PFIC Income | $74,452 | $74,452 | $0 |
| NONDIVIDEND DISTRIBUTIONS | $80,964 | $0 | $0 |
| Income (loss) from pass through entities | $202,564 | -$86,681 | $0 |
| GRANT REFUND | $39,055 | $0 | $0 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ADJUSTMENTS TO BOOK VALUE | Desc |
| Amt | $7,152,845 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| CONSULTING AND BOOKKEEPING FEE | $156,212 | $78,106 | $0 | $78,106 |
| INVESTMENT ADVISORY FEE | $165,085 | $148,577 | $0 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| FEDERAL TAXES PAID | $50,000 | $0 | $0 | $0 |
| FOREIGN TAXES PAID | $17,426 | $16,371 | $0 | $0 |
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