KARSH FAMILY FOUNDATION: Form 990PF, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- KARSH FAMILY FOUNDATION (EIN 13-7147287)
- Tax period
- 2018-07-01 to 2019-06-30
- Filed
- 2020-07-15
- IRS object ID
- 202041979349101844
- 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
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Depreciation Schedule
- Distribution From Corpus Election
- Expenditure Responsibility Stmt
- General Explanation Attachment
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-07-15T14:28:59-05:00 | ReturnTs |
| Tax Period End | 2019-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HOLTHOUSE CARLIN & VAN TRIGT LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3011 TOWNSGATE ROAD SUITE 400 | AddressLine1Txt |
| City | WESTLAKE VILLAGE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 91361 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2018-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 137147287 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE KARSH FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % THE KARSH FAMILY FOUNDATION | InCareOfNm |
| Business Name Control | KARS | BusinessNameControlTxt |
| Phone | 2138306402 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9595 WILSHIRE BLVD SUITE 1010 | AddressLine1Txt |
| City | BEVERLY HILLS | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90212 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BRUCE A KARSH | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Phone | 2138306402 | PhoneNum |
| Signature | 2020-07-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Stephanie Wilkinson | PreparerPersonNm |
| PTIN | P01231617 | PTIN |
| Phone | 8053748555 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 162.194.55.73 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Federal Original Submission Id | 95206420201975000094 | FederalOriginalSubmissionId |
| Federal Original Submission Id | 2020-07-15 | FederalOriginalSubmissionIdDt |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 89C64DB39EFC1D14A4C9BBDD771A9076211D46F4 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 3DE82CF03C4C669F244574ECA69CF31BB07201F8 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2022-01-07 14:23:13Z | 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 | $235,903,279 | 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 | $43,896,310 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $2,266,594 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $987,322 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $9,935,642 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $130,821,207 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $65,111,003 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $0 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $1,348,748 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $56,098,546 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $67,447,073 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $19,055 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $6,985 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $147,380 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $73,690 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $73,690 | AccountingFeesChrtblPrpsAmt |
| Interest Rev And Expnss | $5,095 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $5,095 | InterestNetInvstIncmAmt |
| Taxes Rev And Expnss | $980,413 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $1,758 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $310 | TaxesDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $8,768 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $8,768 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $704 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $658 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $46 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,161,415 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $81,201 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $89,799 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $24,164,133 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $24,164,133 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $25,325,548 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $81,201 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $24,253,932 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $30,772,998 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $67,365,872 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $22,572,541 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $56,835,589 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $56,835,589 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $0 | AcctRcvblAmt |
| Acct Rcvbl BOY | $7,478 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $0 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $0 | AcctRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $1,189,232 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $971,220 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $971,220 | PrepaidExpensesEOYFMVAmt |
| Corporate Stock BOY | $78,201,971 | CorporateStockBOYAmt |
| Corporate Stock EOY | $68,914,975 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $68,957,975 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $92,309,860 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $107,266,193 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $109,138,495 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $194,281,082 | TotalAssetsBOYAmt |
| Total Assets EOY | $233,987,977 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $235,903,279 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $185 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $0 | AccountsPayableEOYAmt |
| Other Liabilities BOY | $1,512,449 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $1,217,781 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $1,512,634 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,217,781 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $192,768,448 | UnrestrictedBOYAmt |
| Unrestricted EOY | $232,770,196 | UnrestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $192,768,448 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $232,770,196 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $194,281,082 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $233,987,977 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $192,768,448 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $30,772,998 | ExcessRevenueOverExpensesAmt |
| Other Increases | $10,591,279 | OtherIncreasesAmt |
| Subtotal | $234,132,725 | SubtotalAmt |
| Other Decreases | $1,362,529 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $232,770,196 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (16 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | AcquiredAcquiredDt | SoldSoldDt |
|---|---|---|---|---|---|---|---|
| 725,000 UNITS OAKTREE CAPITAL GROUP, LLC | D | $34,923,707 | $9,071,873 | $25,851,834 | $25,851,834 | ||
| 650,000 UNITS OAKTREE CAPITAL GROUP, LLC | D | $31,773,705 | $8,188,964 | $23,584,741 | $23,584,741 | ||
| 500 SHARES ALPHABET INC. CL A | D | $632,681 | $75,733 | $556,948 | $556,948 | 2009-03-06 | 2018-07-24 |
| 500 SHARES ALPHABET INC. CL C | D | $628,824 | $75,284 | $553,540 | $553,540 | 2009-03-06 | 2018-07-24 |
| 50,000 SHARES AMERICAN INTL GROUP INC. | D | $1,933,848 | $2,321,080 | -$387,232 | -$387,232 | 2013-05-30 | 2018-12-21 |
| 350,000 SHARES DIGI INTERNATIONAL, INC. | D | $4,411,447 | $3,186,567 | $1,224,880 | $1,224,880 | ||
| 13,909 SHARES FACEBOOK CL A | D | $2,496,927 | $11,404 | $2,485,523 | $2,485,523 | 2012-01-03 | 2018-08-14 |
| 628,052 SHARES INSEEGO CORP. | D | $1,969,507 | $936,710 | $1,032,797 | $1,032,797 | ||
| 44,051 SHARES PPDAI GROUP, INC. | D | $238,397 | $3,524 | $234,873 | $234,873 | 2012-09-14 | 2018-09-28 |
| 10,000 SHARES TOYOTA MTR | D | $1,218,358 | $735,479 | $482,879 | $482,879 | 2019-02-01 | |
| PUBLICLY TRADED SECURITIES | P | $44,145,092 | $41,071,683 | $3,073,409 | $3,073,409 | ||
| SECTION 1256 - LONG-TERM CAPITAL GAIN | P | $105,376 | $105,376 | $105,376 | |||
| SECTION 1256 - SHORT-TERM CAPITAL GAIN | P | $70,250 | $70,250 | $70,250 | |||
| OCM MEZZANINE FUND, L.P. | P | $31,903 | -$31,903 | -$31,903 | |||
| OCM MEZZANINE FUND, L.P. | P | $25,005 | $0 | $25,005 | $25,005 | ||
| CAPITAL GAIN DIVIDENDS | P | $38 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $65,111,003 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $20,224,144 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $179,631,731 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.112587 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $16,630,528 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $149,287,712 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.111399 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $16,650,713 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $139,628,851 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.11925 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $19,311,414 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $142,739,942 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.135291 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $17,710,596 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $122,138,439 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.145004 | DistributionYr5Rt |
| Total Distribution | 0.623531 | TotalDistributionRt |
| Average Distribution | 0.124706 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $213,741,583 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $26,654,858 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $673,659 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $27,328,517 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $24,253,932 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $1,347,317 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $1,347,317 | SubtotalAmt |
| Tax Based On Investment Income | $1,347,317 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $429,255 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $1,350,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $1,779,255 | TotalPaymentsAndCreditsAmt |
| Overpayment | $431,938 | OverpaymentAmt |
| Applied To ES Tax | $431,938 | 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 | 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 | CA | 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 | THE KARSH FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2138306402 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9595 WILSHIRE BLVD SUITE 1010 | AddressLine1Txt |
| City | BEVERLY HILLS | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90212 | 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 |
| Business Holdings | Yes (true) | BusinessHoldingsInd |
| Excess Business Holdings | false | ExcessBusinessHoldingsInd |
| 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 (2 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 |
|---|---|---|---|---|---|---|---|---|
| BRUCE A KARSH | ||||||||
| 9595 WILSHIRE BLVD SUITE 1010 | BEVERLY HILLS | CA | 90212 | TRUSTEE | 5.0 | $0 | $0 | $0 |
| MARTHA L KARSH | ||||||||
| 9595 WILSHIRE BLVD SUITE 1010 | BEVERLY HILLS | CA | 90212 | TRUSTEE | 5.0 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| DREYER ROBBINS & ASSOCIATES | |||||
| 355 S GRAND AVENUE SUITE 1710 | LOS ANGELES | CA | 90071 | ACCOUNTING | $89,030 |
| HCVT LLP | |||||
| 11444 W Olympic Blvd 11th floor | LOS ANGELES | CA | 90064 | ACCOUNTING | $58,350 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NOT APPLICABLE | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $70,838,228 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $27,063,808 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $119,094,495 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $216,996,531 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $216,996,531 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $3,254,948 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $213,741,583 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $10,687,079 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $10,687,079 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $1,347,317 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $469,402 | IncomeTaxAmt |
| Total Tax | $1,816,719 | TotalTaxAmt |
| Distributable Before Adj | $8,870,360 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $8,870,360 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $8,870,360 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $24,253,932 | 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 | $24,253,932 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $24,253,932 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $8,870,360 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2016 | PriorYear1Yr |
| Prior Year2 | 2015 | PriorYear2Yr |
| Prior Year3 | 2014 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $0 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $0 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $8,817,838 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $9,497,801 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $10,645,511 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $28,961,150 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $24,253,932 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Treated As Distri From Corpus | $14,935,160 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $8,870,360 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $448,412 | RemainingDistriFromCorpusAmt |
| Total Corpus | $44,344,722 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $43,896,310 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov To Next Yr | $448,412 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $0 | ExcessFromYear4Amt |
| Excess From Year3 | $0 | ExcessFromYear3Amt |
| Excess From Year2 | $0 | ExcessFromYear2Amt |
| Excess From Year1 | $0 | ExcessFromYear1Amt |
| Excess From Current Year | $448,412 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | BRUCE A KARSH | ContributingManagerNm |
| Contributing Manager | MARTHA L KARSH | ContributingManagerNm |
| Shareholder Manager | BRUCE A KARSH | ShareholderManagerNm |
| Shareholder Manager | MARTHA L KARSH | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (81 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| KIPP NYC PUBLIC CHARTER SCHOOLS | |||||||
| 1501 BROADWAY 10TH FLOOR | NEW YORK | NY | 10036 | NONE | SO II | EDUCATION | $1,000 |
| PRINCE OF WALES FOUNDATION | |||||||
| 888 17TH STREET NW SUITE 201 | WASHINGTON | DC | 20006 | NONE | PC | PHILANTHROPIC ACTIVITY | $500,000 |
| FRIENDS OF ISRAELI DEFENSE FUND | |||||||
| 60 EAST 42ND STREET | NEW YORK | NY | 10165 | NONE | PC | PHILANTHROPIC ACTIVITY | $25,000 |
| RETT SYNDROME RESEARCH TRUST INC | |||||||
| 67 UNDER CLIFF ROAD | TRUMBULL | CT | 06611 | NONE | PC | HEALTH | $2,500 |
| LIBRARY FOUNDATION OF LOS ANGELES | |||||||
| 630 W 5TH STREET | LOS ANGELES | CA | 90071 | NONE | PC | EDUCATION | $400 |
| NEW VENTURE FUND | |||||||
| 1201 CONNECTICUT AVENUE NW SUITE 3 | WASHINGTON | DC | 20036 | NONE | PC | PHILANTHROPIC ACTIVITY | $100,000 |
| HAWAI'I COMMUNITY FOUNDATION | |||||||
| 827 FORT STREET MALL | HONOLULU | HI | 96813 | NONE | PC | KUKIO COMMUNITY FUND | $5,000 |
| PAHARA INSTITUTE | |||||||
| 340 SOUTH LEMON AVENUE SUITE 2927 | WALNUT | CA | 91789 | NONE | PC | EDUCATION | $125,000 |
| LOS ANGELES MUSEUM OF THE HOLOCAUST | |||||||
| 100 THE GROVE DRIVE | LOS ANGELES | CA | 90036 | NONE | PC | ARTS/CULTURE/HUMANITIES | $5,000 |
| INTERNATIONAL MEDICAL CORPS | |||||||
| 12400 WILSHIRE BLVD SUITE 1500 | LOS ANGELES | CA | 90025 | NONE | PC | HEALTH | $10,000 |
| OUR HOUSE GRIEF SUPPORT CENTER | |||||||
| 1663 SAWTELLE BOULEVARD SUITE 300 | LOS ANGELES | CA | 90025 | NONE | PC | PHILANTHROPIC ACTIVITY | $5,000 |
| NATIONAL MULTIPLE SCLEROSIS SOCIETY | |||||||
| 733 THIRD AVENUE 3RD FLOOR | NEW YORK | NY | 10017 | NONE | PC | HEALTH | $2,500 |
| SILVERLAKE CONSERVATORY OF MUSIC | |||||||
| 4652 HOLLYWOOD BOULEVARD | LOS ANGELES | CA | 90027 | NONE | PC | ARTS | $5,000 |
| KCRW FOUNDATION INC | |||||||
| 1900 PICO BOULEVARD | SANTA MONICA | CA | 90405 | NONE | PC | PUBLIC RADIO | $10,000 |
| NO KID HUNGRY BY SHARE OUR STRENGTH | |||||||
| 1030 15TH STREET NW SUITE 1100 W | WASHINGTON | DC | 20005 | NONE | PC | HUNGER | $10,000 |
| PUBLIC COUNSEL | |||||||
| 610 S ARDMORE AVENUE | LOS ANGELES | CA | 90005 | NONE | PC | PHILANTHROPIC ACTIVITY | $5,000 |
| SITEMAN CANCER CENTER | |||||||
| 7425 FORSYTH BOULEVARD | ST LOUIS | MO | 63105 | NONE | PC | HEALTH | $10,000 |
| LA PROMISE FUND | |||||||
| 202 WEST 1ST STREET SUITE 160 | LOS ANGELES | CA | 90012 | NONE | PC | EDUCATION | $10,000 |
| TOURETTE ASSOCIATION OF AMERICA INC | |||||||
| 42-40 BELL BOULEVARD SUITE 205 | BAYSIDE | NY | 11361 | NONE | PC | HEALTH | $10,000 |
| ST SIMONS LAND TRUST INC | |||||||
| PO BOX 24615 | ST SIMONS ISLAND | GA | 31522 | NONE | PC | ENVIRONMENTAL QUALITY/ PROTECTION / BEAUTIFICATION | $1,000 |
| SKIRBALL CULTURAL CENTER | |||||||
| 2701 NORTH SEPULVEDA BOULEVARD | LOS ANGELES | CA | 90049 | NONE | PC | ARTS/CULTURE/HUMANITIES | $70,000 |
| WATER BUFFALO CLUB INC | |||||||
| 16530 VENTURA BOULEVARD SUITE 305 | ENCINO | CA | 91436 | NONE | PC | PHILANTHROPIC ACTIVITY | $2,500 |
| BABY2BABY | |||||||
| 5830 W JEFFERSON BOULEVARD SUITE | LOS ANGELES | CA | 90016 | NONE | PC | PHILANTHROPIC ACTIVITY | $5,000 |
| KIPP FOUNDATION | |||||||
| 135 MAIN STREET SUITE 1700 | SAN FRANCISCO | CA | 94105 | NONE | PC | EDUCATION | $2,007,046 |
| CASA OF LOS ANGELES | |||||||
| 201 CENTRE PLAZA DRIVE SUITE 1100 | MONTEREY PARK | CA | 91754 | NONE | PC | HEALTH | $6,000 |
| BEIT T'SHUVAH | |||||||
| 8831 VENICE BOULEVARD | LOS ANGELES | CA | 90034 | NONE | PC | PHILANTHROPIC ACTIVITY | $5,000 |
| GVNGORG | |||||||
| 907 WESTWOOD BLVD SUITE 414 | LOS ANGELES | CA | 90024 | NONE | PC | PHILANTHROPIC ACTIVITY | $5,000 |
| COMMUNITY PARTNERS FOR COLLEGE | |||||||
| 1000 NORTH ALAMEDA STREET SUITE 24 | LOS ANGELES | CA | 90012 | NONE | PC | EDUCATION | $10,000 |
| CHAI LIFELINE INC | |||||||
| 151 WEST 30TH STREET 3RD FLOOR | NEW YORK | NY | 10001 | NONE | PC | HEALTH | $5,000 |
| GREATER NEW YORK COUNCILS BOY SCOUTS OF AMERICA | |||||||
| 475 RIVERSIDE DRIVE SUITE 600 | NEW YORK | NY | 10115 | NONE | PC | PHILANTHROPIC ACTIVITY | $10,000 |
| A PLACE CALLED HOME | |||||||
| 2830 SOUTH CENTRAL AVENUE | LOS ANGELES | CA | 90011 | NONE | PC | PHILANTHROPIC ACTIVITY | $5,000 |
| SPEAK UP FOUNDATION | |||||||
| 200 S BARRINGTON AVE | LOS ANGELES | CA | 90049 | NONE | PC | EDUCATION | $25,000 |
| THE EMILY KRZYZEWSKI FAMILY LIFE CENTER INC | |||||||
| 904 WEST CHAPEL HILL STREET | DURHAM | NC | 27701 | NONE | PC | EDUCATION | $10,000 |
| UNIVERSITY OF VIRGINIA LAW SCHOOL FOUNDATION | |||||||
| 580 MASSIE ROAD | CHARLOTTESVILLE | VA | 22903 | NONE | PC | EDUCATION | $7,200,000 |
| HOMEBOY INDUSTRIES | |||||||
| 130 W BRUNO STREET | LOS ANGELES | CA | 90012 | NONE | PC | PHILANTHROPIC ACTIVITY | $50,000 |
| UNIVERSITY OF PENNSYLVANIA | |||||||
| 3451 WALNUT STREET | PHILADELPHIA | PA | 19104 | NONE | PC | EDUCATION | $500,000 |
| TEACH FOR AMERICA INC | |||||||
| 25 BROADWAY 12TH FLOOR | NEW YORK | NY | 10004 | NONE | PC | EDUCATION | $1,333,333 |
| CHARTER SCHOOL GROWTH FUND | |||||||
| 10901 WEST 120TH AVENUE SUITE 450 | BROOMFIELD | CO | 80021 | NONE | POF | Support the creation and expansion of public charter school networks and management companies | $1,000,000 |
| JOHN THOMAS DYE SCHOOL | |||||||
| 11414 CHALON ROAD | LOS ANGELES | CA | 90049 | NONE | PC | EDUCATION | $50,000 |
| LEADERSHIP FOR EDUCATIONAL EQUITY FOUNDATION | |||||||
| 1805 7TH STREET NW 6TH FLOOR | WASHINGTON | DC | 20001 | NONE | PC | PHILANTHROPIC ACTIVITY | $250,000 |
| KIPP ST LOUIS | |||||||
| 1310 PAPIN STREET SUITE 203 | ST LOUIS | MO | 63103 | NONE | PC | EDUCATION | $600,000 |
| KIPP LA SCHOOLS | |||||||
| 3601 EAST FIRST STREET | LOS ANGELES | CA | 90063 | NONE | PC | EDUCATION | $2,955,780 |
| SALVATION ARMY | |||||||
| 30840 HAWTHORNE BLVD | RANCHOS PALOS VERDES | CA | 90275 | NONE | PC | PHILANTHROPIC ACTIVITY | $641,706 |
| DUKE UNIVERSITY | |||||||
| PO BOX 90581 | DURHAM | NC | 27708 | NONE | PC | EDUCATION | $4,550,000 |
| CANCER FOR COLLEGE | |||||||
| 28465 OLD TOWN FRONT STREET SUITE | TEMECULA | CA | 92590 | NONE | PC | EDUCATION | $10,000 |
| UNITED WAY OF COASTAL GEORGIA INC | |||||||
| PO BOX 877 | BRUNSWICK | GA | 31521 | NONE | PC | PHILANTHROPIC ACTIVITY | $2,500 |
| KIPP BAY AREA SCHOOLS | |||||||
| 1000 BROADWAY SUITE 460 | OAKLAND | CA | 94607 | NONE | PC | EDUCATION | $50,000 |
| LOS ANGELES PARKS FOUNDATION | |||||||
| 2650 N COMMONWEALTH AVENUE | LOS ANGELES | CA | 90027 | NONE | PC | ENVIRONMENTAL QUALITY/ PROTECTION / BEAUTIFICATION | $15,000 |
| ROCK AND ROLL HALL OF FAME FOUNDATION INC | |||||||
| 1290 AVENUE OF THE AMERICAS 2ND FL | NEW YORK | NY | 10104 | NONE | PC | PHILANTHROPIC ACTIVITY | $10,000 |
| SHELTER PARTNERSHIP INC | |||||||
| 520 S GRAND AVENUE SUITE 695 | LOS ANGELES | CA | 90071 | NONE | PC | PHILANTHROPIC ACTIVITY | $10,000 |
| CSNK2A1 FOUNDATION | |||||||
| 1929 VAN NESS AVENUE | SAN FRANCISCO | CA | 94109 | NONE | PC | HEALTH | $10,000 |
| THE CHRIS LONG FOUNDATION | |||||||
| 100 S BRENTWOOD BLVD SUITE 500 | CLAYTON | MO | 63105 | NONE | PC | PHILANTHROPIC ACTIVITY | $25,000 |
| LOS ANGELES CITY COLLEGE FOUNDATION | |||||||
| 855 N VERMONT AVENUE | LOS ANGELES | CA | 90029 | NONE | PC | EDUCATION | $5,000 |
| LOS ANGELES COUNTY MUSEUM OF ART | |||||||
| 5905 WILSHIRE BOULEVARD | LOS ANGELES | CA | 90036 | NONE | PC | ARTS | $10,000 |
| GOLDEN STATE WARRIORS COMMUNITY FOUNDATION | |||||||
| 1011 BROADWAY | OAKLAND | CA | 94607 | NONE | PC | PHILANTHROPIC ACTIVITY | $60,000 |
| ONE TO WORLD INC | |||||||
| 307 7TH AVENUE | NEW YORK | NY | 10001 | NONE | PC | PHILANTHROPIC ACTIVITY | $10,000 |
| PHASE 1 FOUNDATION | |||||||
| 7770 S DEAN MARTIN DRIVE 307 | LAS VEGAS | NV | 89139 | NONE | PC | PHILANTHROPIC ACTIVITY | $2,500 |
| UJA FEDERATION OF NEW YORK | |||||||
| 130 EAST 59TH STREET | NEW YORK | NY | 10022 | NONE | PC | PHILANTHROPIC ACTIVITY | $10,000 |
| HUMAN RIGHTS FIRST | |||||||
| 75 BROAD STREET | NEW YORK | NY | 10004 | NONE | PC | PHILANTHROPIC ACTIVITY | $25,000 |
| PHOENIX JEWISH FREE LOAN ASSOCIATION | |||||||
| 3443 N CENTRAL AVENUE SUITE 707 | PHOENIX | AZ | 85012 | NONE | PC | PHILANTHROPIC ACTIVITY | $5,000 |
| TIA'S HOPE | |||||||
| 149 S BARRINGTON AVENUE | LOS ANGELES | CA | 90049 | NONE | PC | PHILANTHROPIC ACTIVITY | $5,000 |
| SPARK PROGRAM INC | |||||||
| 145 S SPRING STREET SUITE 410 | LOS ANGELES | CA | 90012 | NONE | PC | PHILANTHROPIC ACTIVITY | $35 |
| RIGHT TO PLAY | |||||||
| 134 WEST 26TH STREET SUITE 404 | NEW YORK | NY | 10001 | NONE | PC | HEALTH | $50,000 |
| THE UCLA FOUNDATION | |||||||
| 10920 WILSHIRE BOULEVARD SUITE 900 | LOS ANGELES | CA | 90024 | NONE | PC | EDUCATION | $5,000 |
| BEAUTY BUS FOUNDATION | |||||||
| 11301 OLYMPIC BOULEVARD SUITE 303 | LOS ANGELES | CA | 90064 | NONE | PC | PHILANTHROPIC ACTIVITY | $10,000 |
| METROPOLITAN MUSEUM OF ART | |||||||
| 1000 FIFTH AVENUE | NEW YORK | NY | 10028 | NONE | PC | ARTS | $100,000 |
| A COMMUNITY OF FRIENDS | |||||||
| 3701 WILSHIRE BOULEVARD SUITE 700 | LOS ANGELES | CA | 90010 | NONE | PC | PHILANTHROPIC ACTIVITY | $10,000 |
| FOCUSING PHILANTHROPY INC | |||||||
| 1637 16TH STREET | SANTA MONICA | CA | 90404 | NONE | PC | PHILANTHROPIC ACTIVITY | $25,000 |
| FRIENDS OF THE PEACE PARKS INC | |||||||
| 717 POPLAR AVENUE | BOULDER | CO | 80304 | NONE | PC | PHILANTHROPIC ACTIVITY | $20,000 |
| EXCEPTIONAL CHILDREN'S FOUNDATION | |||||||
| 5350 MACHADO ROAD | CULVER CITY | CA | 90230 | NONE | PC | PHILANTHROPIC ACTIVITY | $5,000 |
| SPELMAN COLLEGE | |||||||
| 350 SPELMAN LANE SW | ATLANTA | GA | 30314 | NONE | PC | EDUCATION | $500,000 |
| THE PAINTED TURTLE | |||||||
| 1300 4TH STREET SUITE 300 | SANTA MONICA | CA | 90401 | NONE | PC | PHILANTHROPIC ACTIVITY | $50,000 |
| BRENTWOOD SCHOOL | |||||||
| 100 SOUTH BARRINGTON PLACE | LOS ANGELES | CA | 90049 | NONE | PC | EDUCATION | $133,333 |
| ALEPH INSTITUTE | |||||||
| 9540 COLLINS AVENUE | SURFSIDE | FL | 33154 | NONE | PC | EDUCATION / FAMILY SERVICES | $2,000 |
| EDUCATORS FOR EXCELLENCE INC | |||||||
| 80 PINE STREET 28TH FLOOR | NEW YORK | NY | 10005 | NONE | PC | EDUCATION | $5,000 |
| IMMIGRANT DEFENDERS LAW CENTER | |||||||
| 634 SOUTH SPRING STREET 10TH FLOOR | LOS ANGELES | CA | 90014 | NONE | PC | PHILANTHROPIC ACTIVITY | $5,000 |
| GLOBAL CITIZEN YEAR INC | |||||||
| 1625 CLAY STREET | OAKLAND | CA | 94612 | NONE | PC | PHILANTHROPIC ACTIVITY | $25,000 |
| THE KNOWLEDGE HOUSE FELLOWSHIP INC | |||||||
| 363 RIDER AVENUE | BRONX | NY | 10451 | NONE | PC | EMPLOYMENT TRAINING | $50,000 |
| SITKA SOUND SCIENCE CENTER INC | |||||||
| 834 LINCOLN STREET | SITKA | AK | 99835 | NONE | PC | EDUCATION | $250,000 |
| BRAVE HEART VOLUNTEERS | |||||||
| PO BOX 6336 | SITKA | AK | 99835 | NONE | PC | HEALTH | $15,000 |
| CHARITIES AID FOUNDATION AMERICA | |||||||
| 225 REINEKERS LANE SUITE 375 | ALEXANDRIA | VA | 22314 | NONE | PC | PHILANTHROPIC ACTIVITY | $500,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $24,164,133 | 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 |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $2,266,594 | 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) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $9,935,642 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $12,202,236 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $12,202,236 | 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 | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|---|
| BRUCE AND MARTHA KARSH | |||||||
| 1 | 9595 WILSHIRE BLVD SUITE 1010 | BEVERLY HILLS | CA | 90212 | $10,000,000 | Yes (X) | |
| BRUCE AND MARTHA KARSH | |||||||
| 2 | 9595 WILSHIRE BLVD SUITE 1010 | BEVERLY HILLS | CA | 90212 | $33,896,310 | Yes (X) | |
Non Cash Property Contribution NonCashPropertyContributionGrp (4 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 2 | 100,000 SHARES DIGI INTERNATIONAL, INC. SECURITIES | $1,158,000 | 2019-01-22 |
| 2 | 44,051 SHARES PPDAI GROUP, INC. SECURITIES | $242,170 | 2018-09-28 |
| 2 | 650,000 UNITS OAKTREE CAPITAL GROUP, LLC SECURITIES | $32,028,750 | 2019-05-16 |
| 2 | 128,052 SHARES INSEEGO CORP. SECURITIES | $467,390 | 2018-10-04 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $147,380 | Amt |
| Net Investment Income | $73,690 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $73,690 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Distribution From Corpus Election DistributionFromCorpusElection
| Field | Value | IRS element (for citing) |
|---|---|---|
| Election | SECTION 4942(H)(2) ELECTION AS TO THE TREATMENT OF QUALIFYING DISTRIBUTIONS: THE KARSH FAMILY FOUNDATION EIN: 13-7147287 9595 WILSHIRE BLVD, SUITE 1010 BEVERLY HILLS, CA 90212 TAX YEAR ENDED: JUNE 30, 2019 PURSUANT TO IRC SEC. 4942(H)(2) AND REG. 53.4942(A)-3(D)(2), THE ABOVE REFERENCED FOUNDATION HEREBY ELECTS TO TREAT $14,935,160 OF CURRENT YEAR QUALIFYING DISTRIBUTIONS IN EXCESS OF THE IMMEDIATELY PRECEDING TAX YEAR'S UNDISTRIBUTED INCOME AS BEING MADE OUT OF CORPUS. SIGNED:_______________________________________________________ DATE:_________________________________________________________ NAME AND TITLE:_______________________________________________ | ElectionDesc |
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | GrantGrantDt | GrantGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Expended By GranteeExpendedByGranteeAmt | Any Diversion By GranteeAnyDiversionByGranteeTxt | Dates Of Reports By GranteeDatesOfReportsByGranteeTxt | VerificationVerificationDt | Results Of VerificationResultsOfVerificationTxt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CHARTER SCHOOL GROWTH FUND | |||||||||||
| 10901 WEST 120TH AVENUE SUITE 450 | BROOMFIELD | CO | 80021 | 2017-12-19 | $1,000,000 | TO SUPPORT THE CREATION AND EXPANSION OF PUBLIC CHARTER SCHOOL NETWORKS AND MANAGEMENT COMPANIES | $1,000,000 | NO | 04/17/2019, 04/30/2020 | 2020-04-30 | VERIFICATION CONFIRMED THAT $1,000,000 WAS SPENT TOWARD THE GRANT PURPOSE WITH NO DIVERSION. |
| CHARTER SCHOOL GROWTH FUND | |||||||||||
| 10901 WEST 120TH AVENUE SUITE 450 | BROOMFIELD | CO | 80021 | 2018-12-12 | $1,000,000 | TO SUPPORT THE CREATION AND EXPANSION OF PUBLIC CHARTER SCHOOL NETWORKS AND MANAGEMENT COMPANIES | $632,338 | NO | 04/17/2019, 04/30/2020 | 2020-04-30 | VERIFICATION CONFIRMED THAT $632,338 WAS SPENT TOWARD THE GRANT PURPOSE WITH NO DIVERSION. |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp (2 entries)
| IdentifierIdentifierTxt | Form And Line ReferenceFormAndLineReferenceDesc | Medium ExplanationMediumExplanationTxt |
|---|---|---|
| CONDUIT ELECTION | Form 990-PF, Part XIII IRC 170(B)(1)(F)(II) | Pursuant to IRC 170(b)(1)(F)(ii), the Karsh Family Foundation hereby elects to make qualifying distributions, as defined in section 4942(g), without regard to paragraph (3) thereof, which are treated, after the application of section 4942(g)(3), as distributions out of corpus, in accordance with section 4942(h), in an amount equal to 100 percent of such contributions. For the year ended June 30, 2019, the foundation received contributions in the amount of $43,896,310 with the resulting qualifying distributions being made out of corpus, as follows: FROM 2015 - $8,817,838 FROM 2016 - $9,497,801 FROM 2017 - $10,645,511 FROM 2018 - $14,935,160 _____________ TOTAL $43,896,310 SIGNED:_______________________________________________________ DATE:_________________________________________________________ NAME AND TITLE:_______________________________________________ |
| ELECTION AS TO THE TREATMENT OF QUALIFYI | Form 990-PF, Part XIII, Line 7 | ELECTION TO TREAT UNUSED PRIOR YEAR CORPUS DISTRIBUTIONS AS CURRENT YEAR CORPUS DISTRIBUTIONS: THE KARSH FAMILY FOUNDATION EIN: 13-7147287 9595 WILSHIRE BLVD, SUITE 1010 BEVERLY HILLS, CA 90212 TAX YEAR ENDED: JUNE 30, 2019 PURSUANT TO REG. 53.4942(A)-3(C)(2)(IV), THE ABOVE REFERENCED FOUNDATION HEREBY ELECTS TO TREAT, AS A CURRENT CORPUS DISTRIBUTION, THE FOLLOWING UNUSED PRIOR TAX YEARS' DISTRIBUTIONS THAT WERE TREATED AS CORPUS DISTRIBUTIONS UNDER REG. 53.4942(A)-3(D)(1)(III) IN SUCH PRIOR TAX YEARS: FROM 2015 - $8,817,838 FROM 2016 - $9,497,801 FROM 2017 - $10,645,511 _____________ TOTAL $28,961,150 SIGNED:_______________________________________________________ DATE:_________________________________________________________ NAME AND TITLE:_______________________________________________ |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (10 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| STOCKS - BOOK COST | $0 | $0 |
| STOCKS - MARKET VALUE ADJ. | $0 | $0 |
| UBS - SEE STATEMENT ATTACHED | $54,420,695 | $54,420,695 |
| 125,000 SHARES BLACKSTONE GP | $5,552,500 | $5,552,500 |
| BENEFICIAL STATE BANCORP | $2,500,000 | $2,500,000 |
| CHINA INSIGHT NON US FEEDER | $2,500,000 | $2,543,000 |
| NIANTIC, INC. | $1,999,977 | $1,999,977 |
| OAKTREE HIGH YIELD PLS CLASS A | $352,697 | $352,697 |
| OAKTREE HIGH YIELD PLS CLASS B | $57,454 | $57,454 |
| OAKTREE EMERG MKTS EQUITY | $1,531,652 | $1,531,652 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (46 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| INVESTMENTS IN PARTNERSHIPS | FMV | $0 | $0 |
| ALTERNATIVE INVESTMENTS | FMV | $0 | $0 |
| ARCTURUS CAPITAL VENTURE FUND | AT COST | $527,800 | $1,954,514 |
| COMMON SENSE GROWTH LLC | AT COST | $1,000,000 | $748,811 |
| RS PHOENIX HOLDINGS | AT COST | $9,739,500 | $10,027,446 |
| MCM INVESTMENT PARTNERS LP | AT COST | $9,125,899 | $10,063,923 |
| SMASH VENTURES SPV, LLC | AT COST | $2,500,000 | $2,490,481 |
| DELIVEROO | AT COST | $4,832,651 | $4,830,486 |
| DISCORD | AT COST | $1,485,000 | $1,483,244 |
| MANDEVILLE DESALINATION, LLC | AT COST | $4,149,497 | $3,633,744 |
| ANGELENO INVESTORS II LP | FMV | $112,648 | $112,648 |
| BUTTERFLY FUND II LP | FMV | $133,520 | $133,520 |
| DEEP FIELD OPPORTUNITIES FUND | FMV | $1,495,268 | $1,495,268 |
| GREENOAKS OPPORTUNITIES II | FMV | $951,435 | $951,435 |
| INVOPPS FT1 A LLC | FMV | $660,500 | $660,500 |
| MARCH CAPITAL OPPORTUNITY FUND | FMV | $1,317,995 | $1,317,995 |
| MARCH CAPITAL OPPORTUNITY FDII | FMV | $1,606,863 | $1,606,863 |
| MARCH CAPITAL PARTNERS FUND I | FMV | $540,866 | $540,866 |
| MARCH CAPITAL PARTNERS FUND II | FMV | $1,162,975 | $1,162,975 |
| NGN BIOMED OPPORTUNITY I, LP | FMV | $28,455 | $28,455 |
| OAKTREE EMERG MRKTS OPPT F II | FMV | $560,279 | $560,279 |
| OAKTREE EMERG MRKTS DEBT TTL | FMV | $464,335 | $464,335 |
| OAKTREE EMERGING MRKTS OPPT F | FMV | $262,212 | $262,212 |
| OAKTREE ENCHANCED INCOME FUND | FMV | $2,130,346 | $2,130,346 |
| OAKTREE JAPAN OPPT VALUE FUND | FMV | $6,511 | $6,511 |
| OAKTREE MEZZANINE FUND III LP | FMV | $10,388 | $10,388 |
| OAKTREE POWER OPPT FUND III | FMV | $595,164 | $595,164 |
| OAKTREE POWER OPPT FUND V | FMV | $222,305 | $222,305 |
| OAKTREE VALUE EQUITY FUND | FMV | $16,151,194 | $16,151,194 |
| OAKTREE VALUE OPPT FEEDER FUND | FMV | $4,767,041 | $4,767,041 |
| OCM ASIA PRINCIPAL OPPT FUND | FMV | $34,383 | $34,383 |
| SCHF US, LP | FMV | $21,300,380 | $21,300,380 |
| SEQUOIA CAP CHINA GROWFND III | FMV | $2,583,807 | $2,583,807 |
| SEQUOIA CAP CHINA GROWTH 2010 | FMV | $384,979 | $384,979 |
| SEQUOIA CAP CHINA VENTURE 2010 | FMV | $416,639 | $416,639 |
| SEQUOIA CAP US GROWTH FUND VI | FMV | $1,227,589 | $1,227,589 |
| SEQUOIA CAP US VENT 2010-SEEDF | FMV | $325,266 | $325,266 |
| SEQUOIA CAPITAL US GROWTH VIII | FMV | $322,854 | $322,854 |
| SEQUOIA CAP US VENTURE 2010 LP | FMV | $1,604,030 | $1,604,030 |
| SEQUOIA CAPITAL US VENTURE XVI | FMV | $50,262 | $50,262 |
| SPO PARTNERS II | FMV | $80,898 | $80,898 |
| TRYPERION RE FUND I LP | FMV | $3,212,660 | $3,212,660 |
| TRYPERION RE FUND II LP | FMV | $5,262,905 | $5,262,905 |
| TRYPERION RE FUND III LP | FMV | $2,533,615 | $2,533,615 |
| TURNER-AGASSI CHARTER SCHOOL | FMV | $1,367,029 | $1,367,029 |
| VERTICA CAPITAL PARTNERS I | FMV | $18,250 | $18,250 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $19,055 | LegalFeesAmt |
| Disbursements Charitable Prps | $6,985 | DisbursementsCharitablePrpsAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PPA - FMV ADJUSTMENTS - NO TAX EFFECT | Desc |
| Amt | $1,362,529 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| BANK SERVICE CHARGES | $11 | $11 | |
| INVESTMENT FEES | $658 | $658 | |
| DUES AND SUBSCRIPTIONS | $35 | $35 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| PARTNERSHIP INCOME | $0 | $1,323,082 |
| 965 SECTION(A) INCOME | $0 | $427 |
| TRYPERION MANAGEMENT FEES | $0 | $25,239 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED GAIN | Desc |
| Amt | $10,591,279 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (3 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| DEFERRED FEDERAL EXCISE TAX | $1,512,139 | $1,025,363 |
| STATE TAXES PAYABLE | $310 | $310 |
| FEDERAL EXCISE TAX PAYABLE | $0 | $192,108 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FEDERAL EXCISE TAXES | $698,553 | ||
| FOREIGN TAXES | $1,758 | $1,758 | |
| STATE TAXES | $280,102 | $310 |
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