GERALD A & KAREN KOLSCHOWSKY FOUNDATION INC: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- GERALD A & KAREN KOLSCHOWSKY FOUNDATION INC (EIN 36-3505302)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-08-29
- IRS object ID
- 202532419349100518
- Schema version
- 2024v5.2
- 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 Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Other Notes Loans Rcvbl Short Sch2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-08-29T13:18:55-07:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 363736640 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Smith & Cull Ltd | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 230 W Monroe Street Suite 2540 | AddressLine1Txt |
| City | Chicago | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60606 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 363505302 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GERALD A & KAREN A KOLSCHOWSKY | BusinessNameLine1Txt |
| Business Name Line2 | FOUNDATION INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GERA | BusinessNameControlTxt |
| Phone | 6309692000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5235 WALNUT AVENUE STE 1 | AddressLine1Txt |
| City | DOWNERS GROVE | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60515 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TIMOTHY J KOLSCHOWSKY | PersonNm |
| Person Title | President | PersonTitleTxt |
| Signature | 2025-08-29 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MARK A CULL | PreparerPersonNm |
| PTIN | P00523257 | PTIN |
| Phone | 3124441776 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $35,714,657 | 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 | $8,100,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $389,248 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $389,248 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $389,248 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $608,504 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $608,504 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $608,504 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $243,217 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $19,245,319 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $243,217 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $10,774 | NetSTCapitalGainAdjNetIncmAmt |
| Total Rev And Expnss | $9,340,969 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,240,969 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $1,008,526 | TotalAdjNetIncmAmt |
| Legal Fees Rev And Expnss | $127,372 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $12,737 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $114,635 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $7,560 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $756 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $6,804 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $226,820 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $22,682 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $204,138 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $21,706 | TaxesRevAndExpnssAmt |
| Taxes Dsbrs Chrtbl | $21,706 | TaxesDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $2,947 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $295 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $2,652 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $164,408 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $16,441 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $147,967 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $550,813 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $52,911 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $497,902 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $11,651,365 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $11,651,365 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $12,202,178 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $52,911 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $12,149,267 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$2,861,209 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,188,058 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $1,008,526 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $1,689,418 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $7,810,427 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $7,830,903 | SavAndTempCashInvstEOYFMVAmt |
| Other Nts And Loans Rcvbl | $150,000 | OtherNtsAndLoansRcvblAmt |
| Other Nts And Loans Rcvbl BOY | $150,000 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $150,000 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $150,000 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Corporate Stock BOY | $9,862,067 | CorporateStockBOYAmt |
| Corporate Stock EOY | $10,591,102 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $16,795,263 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $20,451,489 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $10,746,418 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $10,938,491 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $32,152,974 | TotalAssetsBOYAmt |
| Total Assets EOY | $29,297,947 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $35,714,657 | TotalAssetsEOYFMVAmt |
| Loans From Officers BOY | $222,960 | LoansFromOfficersBOYAmt |
| Loans From Officers EOY | $229,142 | LoansFromOfficersEOYAmt |
| Total Liabilities BOY | $222,960 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $229,142 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $31,930,014 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $29,068,805 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $31,930,014 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $29,068,805 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $32,152,974 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $29,297,947 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $31,930,014 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$2,861,209 | ExcessRevenueOverExpensesAmt |
| Subtotal | $29,068,805 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $29,068,805 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (92 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| 245 ISHARES BROAD USD HIGH YIELD | P | 2024-07-29 | 2024-09-27 | $9,228 | $9,007 | $221 | $221 |
| 1915 ISHARES BROAD USD HIGH YIELD | P | 2024-07-29 | 2024-12-04 | $71,491 | $70,404 | $1,087 | $1,087 |
| 392 JPMORGAN BETABUILDERS EUROPE ETF | P | 2024-03-01 | 2024-07-15 | $23,651 | $22,720 | $931 | $931 |
| 6 JPMORGAN BETABUILDERS EUROPE ETF | P | 2024-08-14 | 2024-12-04 | $349 | $358 | -$9 | -$9 |
| 7189.753 SIX CIRCLES US ULTR SHRT DUR | P | 2000-01-01 | 2024-12-04 | $71,754 | $71,786 | -$32 | -$32 |
| 2764.307 SIX CIRCLES US UNCONSTR EQ | P | 2023-06-26 | 2024-03-01 | $44,643 | $36,876 | $7,767 | $7,767 |
| 1544.525 SIX CIRCLES CREDIT OPPORT | P | 2000-01-01 | 2024-09-27 | $22,638 | $23,587 | -$949 | -$949 |
| 3036.444 SIX CIRCLES CREDIT OPPORT | P | 2024-07-29 | 2024-12-04 | $27,267 | $27,055 | $212 | $212 |
| 244 VANGUARD LONG-TERM TREASURY ETF | P | 2024-01-22 | 2024-09-27 | $15,064 | $14,451 | $613 | $613 |
| 2489 VANGUARD LONG-TERM TREASURY ETF | P | 2024-01-01 | 2024-12-04 | $146,909 | $146,848 | $61 | $61 |
| 767 VANGUARD INT-TERM CORPORATE | P | 2023-12-05 | 2024-05-15 | $61,306 | $60,656 | $650 | $650 |
| 138 VANGUARD INT-TERM CORPORATE | P | 2023-12-05 | 2024-09-27 | $11,583 | $10,913 | $670 | $670 |
| 2132 ISHARES MSCI EAFE ETF | P | 2000-01-01 | 2024-12-04 | $169,884 | $123,593 | $46,291 | $46,291 |
| 5262 JPMORGAN BETA BUILDERS EUROPE ETF | P | 2000-01-01 | 2024-12-04 | $306,577 | $290,824 | $15,753 | $15,753 |
| 2247 JPMORGAN BETA BUILDERS EUROPE ETF | P | 2000-01-01 | 2024-12-04 | $130,980 | $100,856 | $30,124 | $30,124 |
| 573 JPMORGAN BETA BUILDERS JAPAN ETF | P | 2023-07-17 | 2024-09-27 | $33,706 | $29,793 | $3,913 | $3,913 |
| 384 JPMORGAN BETA BUILDERS CANADA ETF | P | 2022-01-10 | 2024-09-27 | $27,714 | $25,370 | $2,344 | $2,344 |
| 648 JPMORGAN BETA BUILDERS CANADA ETF | P | 2000-01-01 | 2024-12-04 | $48,671 | $32,868 | $15,803 | $15,803 |
| 451 JPMORGAN BETA BUILDERS DEVELO | P | 2000-01-01 | 2024-09-27 | $24,338 | $25,603 | -$1,265 | -$1,265 |
| 6957.934 PIMCO INCOME FUND-INS | P | 2000-01-01 | 2024-12-04 | $74,241 | $83,746 | -$9,505 | -$9,505 |
| 674.755 SIX CIRCLES ULTR SHRT DUR | P | 2019-12-27 | 2024-09-27 | $6,734 | $6,744 | -$10 | -$10 |
| 5080.637 SIX CIRCLES US UNCONSTR EQ | P | 2023-06-26 | 2024-07-15 | $90,080 | $67,776 | $22,304 | $22,304 |
| 5865.637 SIX CIRCLES US UNCONSTR EQ | P | 2023-06-26 | 2024-09-27 | $106,633 | $78,245 | $28,388 | $28,388 |
| 7508.329 SIX CIRCLES INTL UNCON EQ | P | 2021-11-01 | 2024-09-27 | $92,202 | $85,670 | $6,532 | $6,532 |
| 9083.377 SIX CIRCLES GLOBAL BOND | P | 2021-05-20 | 2024-09-27 | $78,299 | $88,690 | -$10,391 | -$10,391 |
| 65349.469 SIX CIRCLES GLOBAL BOND | P | 2000-01-01 | 2024-12-04 | $564,619 | $635,188 | -$70,569 | -$70,569 |
| 470 SPDR S&P 500 ETF TRUST | P | 2000-01-01 | 2024-07-15 | $263,905 | $155,060 | $108,845 | $108,845 |
| 519 SPDR S&P 500 ETF TRUST | P | 2000-01-01 | 2024-09-27 | $296,577 | $101,646 | $194,931 | $194,931 |
| 2268.377 VANGUARD TTL BD MKT INX-ADM | P | 2018-10-02 | 2024-09-27 | $22,457 | $23,500 | -$1,043 | -$1,043 |
| 15506.193 VANGUARD TTL BD MKT INX-ADM | P | 2000-01-01 | 2024-12-04 | $150,255 | $157,084 | -$6,829 | -$6,829 |
| 175 VANGUARD TOTAL BOND MARKET | P | 2022-03-25 | 2024-01-22 | $12,733 | $13,778 | -$1,045 | -$1,045 |
| 439 VANGUARD TOTAL BOND MARKET | P | 2022-03-25 | 2024-01-22 | $31,948 | $34,564 | -$2,616 | -$2,616 |
| 1926 VANGUARD TOTAL BOND MARKET | P | 2000-01-01 | 2024-12-04 | $141,528 | $147,685 | -$6,157 | -$6,157 |
| 2998.097 VANGUARD TTL INTL BND-ADM | P | 2000-01-01 | 2024-01-22 | $58,553 | $69,813 | -$11,260 | -$11,260 |
| 14228.888 VANGUARD TTL INTL BND-ADM | P | 2000-01-01 | 2024-03-01 | $277,463 | $322,178 | -$44,715 | -$44,715 |
| 2513.151 VANGUARD TTL INTL BND-ADM | P | 2019-02-04 | 2024-09-27 | $50,565 | $54,988 | -$4,423 | -$4,423 |
| 14128.565 VANGUARD TTL INTL BND-ADM | P | 2000-01-01 | 2024-12-04 | $285,962 | $307,002 | -$21,040 | -$21,040 |
| 1389 VANGUARD MORTGAGE-BACK SEC | P | 2000-01-01 | 2024-01-22 | $63,466 | $75,002 | -$11,536 | -$11,536 |
| 254796.163 JPM PRIME MM FUND | P | 2000-01-01 | 2024-01-22 | $255,000 | $255,025 | -$25 | -$25 |
| 222844.009 JPM PRIME MM FUND | P | 2024-01-04 | 2024-02-14 | $223,000 | $223,045 | -$45 | -$45 |
| 197339.946 JPM PRIME MM FUND | P | 2024-01-04 | 2024-03-08 | $197,458 | $197,518 | -$60 | -$60 |
| 699580.22 JPM PRIME MM FUND | P | 2024-01-04 | 2024-03-21 | $700,000 | $700,210 | -$210 | -$210 |
| 50388.426 JPM PRIME MM FUND | P | 2024-01-04 | 2024-04-04 | $50,414 | $50,434 | -$20 | -$20 |
| 18972.891 JPM PRIME MM FUND | P | 2024-01-04 | 2024-04-17 | $18,980 | $18,990 | -$10 | -$10 |
| 164934.026 JPM PRIME MM FUND | P | 2024-01-04 | 2024-04-22 | $165,000 | $165,082 | -$82 | -$82 |
| 199940.018 JPM PRIME MM FUND | P | 2024-01-04 | 2024-05-13 | $200,000 | $200,120 | -$120 | -$120 |
| 76335.489 JPM PRIME MM FUND | P | 2024-01-04 | 2024-05-29 | $76,358 | $76,404 | -$46 | -$46 |
| 299888.533 JPM PRIME MM FUND | P | 2024-01-04 | 2024-06-12 | $299,978 | $300,158 | -$180 | -$180 |
| 393802.949 JPM PRIME MM FUND | P | 2024-01-04 | 2024-06-25 | $393,921 | $394,157 | -$236 | -$236 |
| 249925.022 JPM PRIME MM FUND | P | 2024-01-04 | 2024-07-02 | $250,000 | $250,150 | -$150 | -$150 |
| 28207.637 JPM PRIME MM FUND | P | 2024-01-04 | 2024-07-31 | $28,219 | $28,233 | -$14 | -$14 |
| 239845.463 JPM PRIME MM FUND | P | 2024-01-04 | 2024-08-14 | $239,989 | $240,061 | -$72 | -$72 |
| 146644.144 JPM PRIME MM FUND | P | 2024-01-04 | 2024-09-03 | $146,732 | $146,776 | -$44 | -$44 |
| 1016686.651 JPM PRIME MM FUND | P | 2024-01-04 | 2024-09-25 | $1,017,500 | $1,017,602 | -$102 | -$102 |
| 17455.596 JPM PRIME MM FUND | P | 2024-01-04 | 2024-10-02 | $17,470 | $17,471 | -$1 | -$1 |
| 124925.045 JPM PRIME MM FUND | P | 2024-01-04 | 2024-10-07 | $125,000 | $125,037 | -$37 | -$37 |
| 339796.122 JPM PRIME MM FUND | P | 2000-01-01 | 2024-11-12 | $340,000 | $339,991 | $9 | $9 |
| 314973.693 JPM PRIME MM FUND | P | 2000-01-01 | 2024-12-02 | $315,131 | $315,098 | $33 | $33 |
| 407796.102 JPM PRIME MM FUND | P | 2000-01-01 | 2024-12-19 | $408,000 | $407,998 | $2 | $2 |
| HPS CORE SENIOR LENDING OFFSHORE FUND II | P | 2000-01-01 | 2024-11-15 | $27 | $27 | $27 | |
| 550000 UNITED STS TREAS NTS .25% | P | 2022-01-12 | 2024-05-15 | $550,000 | $550,000 | ||
| 550000 UNITED STATES TREAS NTS DTD 5/31/2017 | P | 2022-01-12 | 2024-05-31 | $550,000 | $550,000 | ||
| 325000 HORMEL FOODS CORP .65% DUE 6/3/24 | P | 2022-01-12 | 2024-06-03 | $325,000 | $325,000 | ||
| 550000 UNITED STATES TREAS NTS DTD 6/15/21 | P | 2022-01-12 | 2024-06-17 | $550,000 | $550,000 | ||
| 550000 US TREAURY N/B 1.75% 6-30-2024 | P | 2022-01-12 | 2024-07-01 | $550,000 | $550,000 | ||
| 300000 FNMA FIXED 1.75% 7/2/2024 | P | 2022-01-12 | 2024-07-02 | $300,000 | $300,000 | ||
| 400000 BANK MONTREAL MEDIUM TERM SR NTS | P | 2022-01-12 | 2024-07-09 | $400,000 | $400,000 | ||
| 325000 AMERICAN HONDA FIN CORP MED TERM NTS | P | 2022-01-12 | 2024-07-12 | $325,000 | $325,000 | ||
| 325000 SALESFORCE.COM INC .625% DUE 7/15/24 | P | 2022-01-12 | 2024-07-15 | $325,000 | $325,000 | ||
| 550000 UNITED STS TREAS NTS .25% DUE 7/15/2024 | P | 2022-01-12 | 2024-07-15 | $550,000 | $550,000 | ||
| 575000 UNITED STATES TREAS NTS FIXED 1.75% | P | 2022-01-12 | 2024-07-31 | $575,000 | $575,000 | ||
| 650 MFC ISHARES TR 1-5 YR INVT GRADE CORPORA | P | 2000-01-01 | 2024-08-20 | $33,877 | $34,122 | -$245 | -$245 |
| 250000 AMAZON COM INC 1.0% DUE 5-12-2026 | P | 2022-01-12 | 2024-11-14 | $238,005 | $244,943 | -$6,938 | -$6,938 |
| 225000 BANK NOVA SCOTIA BC 1.3% DUE 6-11-2025 | P | 2022-01-12 | 2024-11-14 | $220,633 | $222,143 | -$1,510 | -$1,510 |
| 250000 CANADIAN IMPERIAL BK COMM TORONTO BRH | P | 2022-01-12 | 2024-11-14 | $237,038 | $241,795 | -$4,757 | -$4,757 |
| 300000 FNMA 0.5% DUE 6-17-2025 | P | 2022-01-12 | 2024-11-14 | $293,241 | $293,241 | ||
| 100000 FEDERAL HOME LN MTG CORP .375% | P | 2022-01-12 | 2024-11-14 | $97,298 | $97,298 | ||
| 250000 GENERAL DYNAMICS CORP 1.15% DUE 6-1-26 | P | 2022-01-12 | 2024-11-14 | $237,870 | $244,415 | -$6,545 | -$6,545 |
| 225000 PHILIPS MORRIS INTL INC 1.5% DUE 5-1-25 | P | 2022-01-12 | 2024-11-14 | $221,670 | $224,208 | -$2,538 | -$2,538 |
| 250000 SCHWAB CHARLES CORP NEW 1.15% DUE 5-13-2 | P | 2022-01-12 | 2024-11-14 | $237,373 | $244,915 | -$7,542 | -$7,542 |
| 250000 TOYOTA MTR CR CORP MEDIUM TERM NTS | P | 2022-01-12 | 2024-11-14 | $237,315 | $243,940 | -$6,625 | -$6,625 |
| 225000 US BANCORP MEDIUM TERM NTS | P | 2022-01-12 | 2024-11-14 | $221,447 | $224,568 | -$3,121 | -$3,121 |
| 375000 UNITED STATES OF AMER TREAS NOTES 2.125% | P | 2022-01-14 | 2024-11-14 | $370,825 | $376,608 | -$5,783 | -$5,783 |
| 375000 DTD 6/30/2018 2.75% DUE 6-30-2025 | P | 2022-01-18 | 2024-11-14 | $371,440 | $378,118 | -$6,678 | -$6,678 |
| 100000 UNITED STATES TREAS NTS 1.875% NTS | P | 2022-01-13 | 2024-11-14 | $96,086 | $100,697 | -$4,611 | -$4,611 |
| 375000 UNITED STATES TREAS NTS .25% DUE 5-31-25 | P | 2022-01-13 | 2024-11-14 | $366,738 | $366,738 | ||
| 400000 UNITED STATES TREAS NTS .25% | P | 2022-01-13 | 2024-11-14 | $389,938 | $389,938 | ||
| 400000 UNITED STS TREAS NTS UNITED STS TREAS NT | P | 2022-01-13 | 2024-11-14 | $388,484 | $388,484 | ||
| 100000 UNITED STATES OF AMER TREAS NOTES .625% | P | 2022-01-13 | 2024-11-14 | $94,031 | $96,258 | -$2,227 | -$2,227 |
| 250000 UNITEDHEALTH GROUP INC. 1.15% | P | 2022-01-12 | 2024-11-14 | $237,915 | $244,368 | -$6,453 | -$6,453 |
| 250000 WESTPAC BKG CORP 1.15% DUE 6-3-26 | P | 2022-01-12 | 2024-11-14 | $237,510 | $243,818 | -$6,308 | -$6,308 |
| Capital Gain Dividends | $32,435 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $243,217 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $10,774 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $16,514 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $16,514 | SubtotalAmt |
| Tax Based On Investment Income | $16,514 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $14,720 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $20,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $34,720 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $82 | EsPenaltyAmt |
| Overpayment | $18,124 | OverpaymentAmt |
| Applied To ES Tax | $18,124 | 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 | IL | 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 | TIMOTHY J KOLSCHOWSKY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6309692000 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5235 WALNUT AVENUE STE 1 | AddressLine1Txt |
| City | DOWNERS GROVE | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 605154064 | 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 |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| 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 | 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 (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| KAREN A KOLSCHOWSKY | ||||||
| 8600 MIDNIGHT PASS ROAD 501 | SARASOTA | FL | 342423817 | Director | 2.00 | $0 |
| GERALD A KOLSCHOWSKY | ||||||
| 8600 MIDNIGHT PASS ROAD 501 | SARASOTA | FL | 342423817 | Director | 2.00 | $0 |
| TIMOTHY J KOLSCHOWSKY | ||||||
| 785 APACHE | LAKE ZURICH | IL | 600472702 | President | 20.00 | $0 |
| MICHAEL J KOLSCHOWSKY | ||||||
| 5329 MAIN STREET 408 | DOWNERS GROVE | IL | 60515 | VP-SEC-TREAS | 0.50 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DLA PIPER LLP | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 780528 | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 191780528 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | LEGAL SERVICES | ServiceTypeTxt |
| Compensation | $127,372 | CompensationAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $32,834,985 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $5,120,640 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $2,517,430 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $40,473,055 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $40,473,055 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $607,096 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $39,865,959 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,993,298 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,993,298 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $16,514 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $16,514 | TotalTaxAmt |
| Distributable Before Adj | $1,976,784 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $1,976,784 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,976,784 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $12,149,267 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $12,149,267 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,976,784 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $2,735,873 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $3,522,622 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $3,346,577 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $8,838,352 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $8,763,677 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $27,207,101 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $12,149,267 | QualifyingDistributionsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $1,976,784 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $10,172,483 | RemainingDistriFromCorpusAmt |
| Total Corpus | $37,379,584 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $2,735,873 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $34,643,711 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $3,522,622 | ExcessFromYear4Amt |
| Excess From Year3 | $3,346,577 | ExcessFromYear3Amt |
| Excess From Year2 | $8,838,352 | ExcessFromYear2Amt |
| Excess From Year1 | $8,763,677 | ExcessFromYear1Amt |
| Excess From Current Year | $10,172,483 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | GERALD A KOLSCHOWSKY | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | SEE ATTACHED SCHEDULE | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | VARIOUS | AddressLine1Txt |
| City | VARIOUS | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60515 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | NONE | RecipientRelationshipTxt |
| Grant Or Contribution Purpose | UNSPECIFIED CHARITABLE CONTRIBUTIONS | GrantOrContributionPurposeTxt |
| Amt | $11,651,365 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $11,651,365 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $389,248 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $608,504 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $243,217 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $1,240,969 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,240,969 | 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 |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (2 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|
| GERALD A KOLSCHOWSKY | ||||||
| 1 | 8600 MIDNIGHT PASS ROAD 501 | SARASOTA | FL | 342423817 | $8,000,000 | Yes (X) |
| AMAZON | ||||||
| 2 | 227 WEST MONROE STREET | CHICAGO | IL | 60606 | $100,000 | Yes (X) |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | SMITH & CULL, LTD | CategoryTxt |
| Amt | $7,560 | Amt |
| Net Investment Income | $756 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $6,804 | DisbursementsCharitablePrpsAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| JP MORGAN CHASE INVESTMENT ACCOUNT #7005 | $4,157,960 | $6,347,510 |
| NORTHERN TRUST INVESTMENT ACCOUNT #6191 | $6,433,142 | $10,447,753 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (14 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| JP MORGAN CHASE #7005 - FIXED INCOME | AT COST | $1,939,781 | $1,935,637 |
| NORTHERN TRUST #6191 - FIXED INCOME | AT COST | $449,403 | $408,980 |
| NORTHERN TRUST #6191 - OTHER | AT COST | $15,413 | |
| NORTHERN TRUST #6191 - REAL ESTATE | AT COST | $333,964 | $366,315 |
| CORE SENIOR LENDING OFFSHORE FUND | AT COST | $138,515 | $135,181 |
| CLARION PRIVATE INVESTORS, LLC | AT COST | $225,072 | $250,176 |
| HPS MEZZANINE PRIVATE INVESTORS | AT COST | $201,506 | $411,357 |
| CORE SENIOR LENDING OFFSHORE FUND II | AT COST | $373,031 | $379,811 |
| ARES PCS II PRIVATE INVESTORS | AT COST | $131,544 | $158,945 |
| VISION OPPORTUNITY TE & NON-US FUND | AT COST | $250,000 | $251,205 |
| NORTHERN TRUST #3531- FIXED INCOME | AT COST | $5,315,020 | $5,235,713 |
| ANTARES STRATEGIC CREDIT FUND | AT COST | $500,000 | $500,000 |
| FRANKLIN LEXINGTON PRIVATE MARKETS | AT COST | $400,000 | $400,000 |
| HPS CORPORATE LENDING FUND | AT COST | $503,995 | $505,171 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | DLA PIPER, LLP | CategoryTxt |
| Legal Fees | $127,372 | LegalFeesAmt |
| Net Investment Income | $12,737 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $114,635 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| BANK FEES | $162,331 | $16,233 | $146,098 |
| FILING FEES | $26 | $3 | $23 |
| INSURANCE | $2,029 | $203 | $1,826 |
| MISCELLANEOUS | $22 | $2 | $20 |
Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2
Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShortGrp
Organization501c3 Name Organization501c3Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PROJECT EXPLORATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Balance Due | $150,000 | BalanceDueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | OTHER PROFESSIONAL FEES | CategoryTxt |
| Amt | $226,820 | Amt |
| Net Investment Income | $22,682 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $204,138 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FEDERAL TAXES | CategoryTxt |
| Amt | $21,706 | Amt |
| Disbursements Charitable Prps | $21,706 | DisbursementsCharitablePrpsAmt |