ANCONA FAMILY FOUNDATION: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
ANCONA FAMILY FOUNDATION (EIN 46-1606217)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-11-13
IRS object ID
202043189349104099
Schema version
2019v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2020-11-13T19:27:34-08:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN943313644PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Chu and Waters LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1595 Market Street Suite 2350AddressLine1Txt
CitySan FranciscoCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94105ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN461606217EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Ancona Family FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlANCOBusinessNameControlTxt
Phone8475646287PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1199 North Green Bay RoadAddressLine1Txt
CityLake ForrestCityNm
State AbbreviationILStateAbbreviationCd
ZIP60045ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonEdgar AnconaPersonNm
Person TitlePresidentPersonTitleTxt
Signature2020-11-13SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonAnthony T LiangPreparerPersonNm
PTINP00845266PTIN
Phone4157819900PhoneNum
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2021-04-22 16:20:28ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$351,511FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$110,000ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$1InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$1InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$7,667DividendsRevAndExpnssAmt
Dividends Net Invst Incm$7,667DividendsNetInvstIncmAmt
Dividends Adj Net Incm$7,667DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$2,772NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$121,413GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$2,772CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$919NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$120,440TotalRevAndExpnssAmt
Total Net Invst Incm$10,440TotalNetInvstIncmAmt
Total Adj Net Incm$8,587TotalAdjNetIncmAmt
Taxes Rev And Expnss$96TaxesRevAndExpnssAmt
Taxes Net Invst Incm$96TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$1,963OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$1,963OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$2,059TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$2,059TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$44,860ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$44,860ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$46,919TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$2,059TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$44,860TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$73,521ExcessRevenueOverExpensesAmt
Net Investment Income$8,381NetInvestmentIncomeAmt
Adjusted Net Income$8,587AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$87,231CashBOYAmt
Cash EOY$76,568CashEOYAmt
Cash EOYFMV$76,568CashEOYFMVAmt
Corporate Stock BOY$65,127CorporateStockBOYAmt
Corporate Stock EOY$160,921CorporateStockEOYAmt
Corporate Stock EOYFMV$191,564CorporateStockEOYFMVAmt
Corporate Bonds BOY$79,321CorporateBondsBOYAmt
Corporate Bonds EOY$46,896CorporateBondsEOYAmt
Corporate Bonds EOYFMV$47,901CorporateBondsEOYFMVAmt
Other Investments BOY$10,072OtherInvestmentsBOYAmt
Other Investments EOY$30,887OtherInvestmentsEOYAmt
Other Investments EOYFMV$35,478OtherInvestmentsEOYFMVAmt
Total Assets BOY$241,751TotalAssetsBOYAmt
Total Assets EOY$315,272TotalAssetsEOYAmt
Total Assets EOYFMV$351,511TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$241,751NoDonorRstrNetAssestsBOYAmt
Tot Net Ast Or Fund Balances BOY$241,751TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$315,272TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$241,751TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$315,272TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$241,751TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$73,521ExcessRevenueOverExpensesAmt
Subtotal$315,272SubtotalAmt
Tot Net Ast Or Fund Balances EOY$315,272TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmtCost Or Other BasisCostOrOtherBasisAmt
Capital Gain DistributionsP2018-01-012019-12-31$1,140$1,140$1,140
Northern Trust #3997 STP2019-01-012019-12-01$59,682$919$919$58,763
Northern Trust #3997 LTP2001-01-012019-12-01$60,591$713$713$59,878
FieldValueIRS element (for citing)
Capital Gain Net Income$2,772CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$919NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$168InvestmentIncomeExciseTaxAmt
Subtotal$168SubtotalAmt
Tax Based On Investment Income$168TaxBasedOnInvestmentIncomeAmt
Extsn Request Income Tax Paid$3,000ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$3,000TotalPaymentsAndCreditsAmt
Overpayment$2,832OverpaymentAmt
Applied To ES Tax$2,832AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Edgar AnconaBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8472958154PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1199 North Green Bay RoadAddressLine1Txt
CityLake ForrestCityNm
State AbbreviationILStateAbbreviationCd
ZIP60045ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Edgar Ancona
199 N Green Bay RoadLake ForrestIL60045Director1.00$0
Nora Ancona
199 N Green Bay RoadLake ForrestIL60045Director1.00$0
John Ancona
31 Black Birch LaneScarsdaleNY10583Director1.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$220,641AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$80,524AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$301,165TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$301,165AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$4,517CashDeemedCharitableAmt
Net Vl Noncharitable Assets$296,648NetVlNoncharitableAssetsAmt
Minimum Investment Return$14,832MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$14,832MinimumInvestmentReturnAmt
Tax Based On Investment Income$168TaxBasedOnInvestmentIncomeAmt
Total Tax$168TotalTaxAmt
Distributable Before Adj$14,664DistributableBeforeAdjAmt
Distributable Before Ded$14,664DistributableBeforeDedAmt
Distributable As Adjusted$14,664DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$44,860ExpensesAndContributionsAmt
Qualifying Distributions$44,860QualifyingDistributionsAmt
Adjusted Qualifying Distri$44,860AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$14,664DistributableAsAdjustedAmt
Excess Distribution Cyov Yr2$6,498ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$524,733ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$531,231TotalExcessDistributionCyovAmt
Qualifying Distributions$44,860QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$14,664AppliedToCurrentYearAmt
Remaining Distri From Corpus$30,196RemainingDistriFromCorpusAmt
Total Corpus$561,427TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$561,427ExcessDistriCyovToNextYrAmt
Excess From Year2$6,498ExcessFromYear2Amt
Excess From Year1$524,733ExcessFromYear1Amt
Excess From Current Year$30,196ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerEdgar AnconaContributingManagerNm
Contributing ManagerJohn AnconaContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (11 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Junior League of Chicago
1447 N Astor StreetChicagoIL60610NONEPCGrant to Public Charity$435
Nantucket Atheneum
1 India StreetNantucketMA02554NONEPCGrant to Public Charity$1,000
Nantucket Historical Association
13 Broad StreetNantucketMA02554NONEPCGrant to Public Charity$500
Nantucket Preservation Trust
55 Main StreetNantucketMA02554NONEPCGrant to Public Charity$1,000
Univ of Chicago Booth School of Bus
5807 South Woodlawn AvenueChicagoIL60637NONEPCGrant to Public University$5,000
Rensselaer Polytechnic Institute
110 8th StreetTroyNY12180NONEPCGrant to Public Charity$10,000
American Friends of LSE
424 West 33rd Street Suite 280New YorkNY10001NONEPCGrant to Public Charity$4,000
Greenwich Academy
200 N Maple AvenueGreenwichCT06830NONEPCGrant to Educational Institution$2,600
Nantucket Cottage Hospital
57 Prospect StreetNantucketMA02554NONEPCGeneral Operating Purposes.$20,000
Nantucket Garden Club
PO Box 627NantucketMA02554NONEPCCommunity organization that supports schools and education.$225
Leukemia and Lymphoma Society
70 Walnut Street STE 301WellsleyMA02481NONEPCSupport of organization that supports patients.$100
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$44,860TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$7,667ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion1ExclusionCd
Exclusion$2,772ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$10,440ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$10,440TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
Investment Expenses$1,533$1,533
Miscellaneous$430$430

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryForeign Tax PaidCategoryTxt
Amt$96Amt
Net Investment Income$96NetInvestmentIncomeAmt

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