SPEEDWELL FOUNDATION: Form 990PF, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- SPEEDWELL FOUNDATION (EIN 22-3764378)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-11-13
- IRS object ID
- 201913179349101646
- Schema version
- 2018v3.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- General Explanation Attachment
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-11-13T12:11:21-08:00 | ReturnTs |
| Tax Period End | 2018-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 221536289 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Noke and Heard LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 469 Morris Avenue | AddressLine1Txt |
| City | Summit | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 079011583 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2018-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 223764378 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Speedwell Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SPEE | BusinessNameControlTxt |
| Phone | 9082738052 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2 Gibbes Street | AddressLine1Txt |
| City | Charleston | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29401 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Mr Michael G Messner | PersonNm |
| Person Title | President | PersonTitleTxt |
| Signature | 2019-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DANIEL P DOUGHERTY | PreparerPersonNm |
| PTIN | P00031300 | PTIN |
| Phone | 9082774145 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2020-03-31 21:24:44Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $149,202,424 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $1,234,541 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,234,541 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $1,234,541 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$1,045,958 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $390,210,875 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $7,810,184 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $7,467,022 | NetSTCapitalGainAdjNetIncmAmt |
| Other Income Rev And Expnss | $219 | OtherIncomeRevAndExpnssAmt |
| Total Rev And Expnss | $188,802 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $9,044,725 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $8,701,563 | TotalAdjNetIncmAmt |
| Legal Fees Rev And Expnss | $31,907 | LegalFeesRevAndExpnssAmt |
| Legal Fees Dsbrs Chrtbl | $31,907 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $2,500 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Adj Net Incm | $2,500 | AccountingFeesAdjNetIncmAmt |
| Other Prof Fees Rev And Expnss | $88,175 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Dsbrs Chrtbl | $88,175 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $22,984 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $22,984 | TaxesNetInvstIncmAmt |
| Trav Conf Meeting Rev And Expnss | $48,062 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $46,462 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $17,787 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $12,453 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $3,216 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $211,415 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $35,437 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $2,500 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $169,760 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $11,121,962 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $11,121,962 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $11,333,377 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $35,437 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $2,500 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $11,291,722 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$11,144,575 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $9,009,288 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $8,699,063 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $10,269 | CashBOYAmt |
| Cash EOY | $899,398 | CashEOYAmt |
| Cash EOYFMV | $899,398 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $3,806,986 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $25,959,148 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $25,959,148 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $3,483,223 | CorporateStockBOYAmt |
| Corporate Stock EOY | $5,840,205 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $5,840,205 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $17,865,696 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $111,503,673 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $111,503,673 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $132,516,069 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $5,000,000 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $5,000,000 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $157,682,243 | TotalAssetsBOYAmt |
| Total Assets EOY | $149,202,424 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $149,202,424 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $1,545 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $3,468 | AccountsPayableEOYAmt |
| Grants Payable BOY | $1,050,000 | GrantsPayableBOYAmt |
| Grants Payable EOY | $6,820,000 | GrantsPayableEOYAmt |
| Total Liabilities BOY | $1,051,545 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $6,823,468 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $156,630,698 | UnrestrictedBOYAmt |
| Unrestricted EOY | $142,378,956 | UnrestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $156,630,698 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $142,378,956 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $157,682,243 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $149,202,424 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $156,630,698 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$11,144,575 | ExcessRevenueOverExpensesAmt |
| Other Increases | $4 | OtherIncreasesAmt |
| Subtotal | $145,486,127 | SubtotalAmt |
| Other Decreases | $8,107,171 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $137,378,956 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (7 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| JP Morgan ST covered losses | P | 2018-11-11 | 2018-01-11 | $198,863,834 | $211,541,146 | -$12,677,312 | -$12,677,312 |
| Seimnole Offshore Fund | P | $98,016,582 | $87,594,878 | $10,421,704 | $10,421,704 | ||
| Seimnole Opportunity Fund | P | $37,757,097 | $36,997,131 | $759,966 | $759,966 | ||
| Amerigas Partners LP | P | 2018-10-02 | 2018-09-18 | $172,786 | $179,007 | -$6,221 | -$6,221 |
| JP Morgan LT covered | P | 2000-11-11 | 2018-11-11 | $5,625,603 | $5,282,441 | $343,162 | $343,162 |
| JP Morgan ST covered losses | P | 2018-11-11 | 2018-11-11 | $49,774,973 | $49,662,230 | $112,743 | $112,743 |
| Wash Sale | $8,856,142 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $7,810,184 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $7,467,022 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $6,807,209 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $148,346,116 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.04589 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $5,452,944 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $138,542,611 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.03936 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $5,735,956 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $135,261,518 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.04241 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $6,051,836 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $131,587,613 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.04599 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $4,127,055 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $104,688,566 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.03942 | DistributionYr5Rt |
| Total Distribution | 0.213065 | TotalDistributionRt |
| Average Distribution | 0.042613 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $153,622,873 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $6,546,331 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $90,093 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $6,636,424 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $11,291,722 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $90,093 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $90,093 | SubtotalAmt |
| Tax Based On Investment Income | $90,093 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $91,600 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $91,600 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $460 | EsPenaltyAmt |
| Overpayment | $1,047 | OverpaymentAmt |
| Applied To ES Tax | $1,047 | 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 |
| Form990 T Filed | false | Form990TFiledInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | false | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| 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 | Marie Forte | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2128386055 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 780 Third Avenue 15th Floor | AddressLine1Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10017 | 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 | Yes (true) | UndistributedIncomePYInd |
| Undistributed Income PY1 | 2017 | UndistributedIncomePY1Yr |
| Undistr Incm Sect4942a2 Not App | false | UndistrIncmSect4942a2NotAppInd |
| Undistr Incm Sect4942a2 App Yr1 | 2018 | UndistrIncmSect4942a2AppYr1Yr |
| Business Holdings | false | 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 | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | false | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Proceeds Or Net Income | false | ProceedsOrNetIncomeInd |
| 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 |
|---|---|---|---|---|---|---|
| Mr Michael G Messner | ||||||
| 2 Gibbes Street | Charleston | SC | 294012302 | Trustee | 5.00 | $0 |
| Mrs Jenny K Messner | ||||||
| 2 Gibbes Street | Charleston | SC | 294012302 | Trustee | 5.00 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $18,956,631 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $137,005,677 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $155,962,308 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $155,962,308 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $2,339,435 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $153,622,873 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $7,681,144 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $7,681,144 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $90,093 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $90,093 | TotalTaxAmt |
| Distributable Before Adj | $7,591,051 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $7,591,051 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $7,591,051 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $11,291,722 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $11,291,722 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $90,093 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $11,201,629 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $7,591,051 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $7,255,704 | UndistributedIncomePYAmt |
| Qualifying Distributions | $11,291,722 | QualifyingDistributionsAmt |
| Applied To Year1 | $7,255,704 | AppliedToYear1Amt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $4,036,018 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $3,555,033 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (56 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| AFS USA | |||||||
| 1 Whitehall St | New York | NY | 10004 | None | PC | Speedwell Scholarship Fund | $400,570 |
| Georgia Tech Foundation | |||||||
| 177 North Ave NW | Atlanta | GA | 30345 | None | PC | Scholarshp $60,000Challenge Grant $3,000,000 | $3,060,000 |
| Catholic Partnership Schools | |||||||
| 808 Market St | Camden | NJ | 08102 | None | PC | General Op Support | $200,000 |
| Catholic Charities | |||||||
| 35 Groton ST | Hartford | CT | 06106 | None | PUBLIC | Archbishop Annual Appeal | $5,000 |
| Charleston Symphony Orchestra | |||||||
| 572 Savanah Hwy | Charleston | SC | 29407 | None | PC | Director of Education $60,000General Operations $100,000 | $160,000 |
| Charleston Area Therapeutic Riding | |||||||
| PO Box 146 | Johns Island | SC | 29457 | None | PC | General Operations | $65,000 |
| Charleston Catholic Schools | |||||||
| 888-A King St | Charleston | SC | 29403 | None | PC | Tuition Grant | $35,000 |
| Charleston Park Conservancy | |||||||
| PO Box 21000 | Charleston | SC | 29413 | None | PC | Conservation - Hampton Park $500,000Other conservancu programs $110,000 | $560,000 |
| Cristo Rey Atlanta Jesuit | |||||||
| 680 West Peachtree Street NW | Atlanta | GA | 30308 | None | PC | Education - internship and technology | $100,000 |
| East Cooper Land Trust | |||||||
| Po Box 2495 | Mt Pleasant | SC | 29465 | None | PC | General Operating Support | $20,000 |
| SCOPE | |||||||
| 253 West 35th Street 4th Floor | New York | NY | 10018 | None | PC | General Operating Support | $3,000 |
| Thread | |||||||
| PO Box 1584 | Baltimore | MD | 21203 | None | PC | General Operating Support | $10,000 |
| Baltimore Symphony | |||||||
| 1212 Cathedral St | Baltimore | MD | 21201 | None | PC | Artistic | $5,000 |
| CASA for Children of Essex County | |||||||
| 212 Washington Street | Newark | NJ | 07102 | None | PC | General Operating Support | $10,000 |
| Christ The King Prepartory | |||||||
| 239 Woodside Avenue | Newark | NJ | 07104 | None | PC | General Op Support | $25,000 |
| City Park Alliance | |||||||
| 2121 Ward Court NW Fifth Floor | Washington | DC | 20037 | None | PC | Infrustructure video project | $100,000 |
| Explore Austin | |||||||
| 2121 E Cesar Chavez St | Austin | TX | 78702 | None | PC | Conservation | $25,000 |
| WINGS for Kids | |||||||
| 476 Meeting St Suite E | Charleston | SC | 29403 | None | PC | Education | $40,000 |
| Allegro Charter School Music | |||||||
| 120 Broad Street | Charleston | SC | 29401 | None | PC | Rent $100,000 | $100,000 |
| Charleston Moves | |||||||
| PO Box 21625 | Charleston | SC | 29413 | None | PC | General Operating Support | $50,000 |
| LowCountry Lowline | |||||||
| 18 State Street | Charleston | SC | 29401 | None | PC | Conservation | $14,637 |
| Prospect Park Alliance | |||||||
| 95 Propect Park West | Brooklyn | NY | 11215 | None | PC | General Operating Support | $57,875 |
| Ripple Effect | |||||||
| PO Box 441 | Portland | ME | 04112 | None | PC | General Operating Support | $10,000 |
| Lancaster County Conservancy | |||||||
| 117 South West End Ave | Lancaster | PA | 17603 | None | PC | General Operating Support | $25,000 |
| Lowcountry Land Trust | |||||||
| 43 Wentworth St | Charleston | SC | 29401 | None | PC | General Operating Support | $20,000 |
| Sopleto Festival USA | |||||||
| 14 George ST | Charleston | SC | 29401 | None | PC | General Operating Support | $20,000 |
| The Drexel Funds | |||||||
| 333 W Santa Clara St Ste 950 | San Jose | CA | 95113 | PC | Education - private schools | $250,000 | |
| Brooklyn Public Library | |||||||
| 10 Grand Army Plaza | Brooklyn | NY | 11238 | PC | General Operating | $3,000 | |
| GENaustin | |||||||
| 300 S ih 35 Ste 400 | Austin | TX | 78704 | PC | General | $13,000 | |
| Immigrant Legal Advocacy Project | |||||||
| PO Box 17917 | Porttland | ME | 04112 | PC | General | $10,000 | |
| International African American Muse | |||||||
| Po Box 22761 | Charleston | SC | 29413 | PC | Capital Grant | $100,000 | |
| Michael J Fox Foundation | |||||||
| PO Box 4777 | New York | NY | 10163 | PC | General | $2,000 | |
| Susquehanna Heritage Corp | |||||||
| 1706 Long Level Rd | Wrightsville | PA | 17368 | PC | General | $5,000 | |
| Spokes Group of Charleston | |||||||
| 3 Warfside ST Ste 3O | Charleston | SC | 29401 | None | PC | Bike Share program | $10,000 |
| United States Naval Academy Foundat | |||||||
| 247 King George ST | Annapolis | MD | 21402 | PC | $300K International programs$200K Unrestricted | $200,000 | |
| Johns Hopkins Peabody Institute | |||||||
| 1 E Mt Vernon Pl | Baltimore | MD | 21202 | PC | Tuned-In Program | $10,000 | |
| National Charitable Endowment | |||||||
| 25 Old Kings Highway | Darien | CT | 06820 | None | PC | Donor Advised Fund | $5,000,000 |
| PATH | |||||||
| 340 N Madison Ave | Los Angeles | CA | 90004 | None | PC | General Operations | $1,000 |
| National CASA Association | |||||||
| 100 W Harrison ST Suite 500 | Seattle | WA | 98119 | None | PC | General Operations | $10,000 |
| Bushnell Park Foundation | |||||||
| PO Box 230778 | Hartford | CT | 06123 | None | PC | Conservation | $5,000 |
| Jenkins Institute for Children | |||||||
| 3923 Azalea Dr | North Charleston | SC | 29405 | None | PC | General Operations | $5,000 |
| St Vincent Academy | |||||||
| 228 W Market ST | Newark | NJ | 07103 | None | PC | Education | $3,400 |
| Bridgeport Group Foundation | |||||||
| 3783 Meeting ST | North Charleston | SC | 29405 | None | PC | General Operations | $2,000 |
| Rice University Civil Enviro Eng | |||||||
| 6100 Mains ST | Houston | TX | 77005 | None | PC | Scholarship | $100,000 |
| Charleston Jazz | |||||||
| 295 Seven Farms DR Suite C-294 | Charleston | SC | 29492 | None | PC | Music | $11,480 |
| Veterans Honor Park of Lancaster Ct | |||||||
| 315 Clay RD | Litiz | PA | 17543 | None | PC | Conservation | $25,000 |
| St Joseph Pro Foundation | |||||||
| 297 Federal ST | Camden | NJ | 08105 | None | PC | General Operations | $6,000 |
| US Chamber of Commerce Fdn | |||||||
| 1615 H Street NW | Washington | DC | 20062 | None | PC | General Operations | $135,000 |
| Colgate University | |||||||
| 13 Oak Drive | Hamilton | NY | 13346 | None | PC | Scholarship - Eric Matt | $5,000 |
| Penn State Unimvesity | |||||||
| 109 Shields Building | University Park | PA | 16802 | None | PC | Scholarship - Shohini Banerjee $5,000Drew Carson $5,000Kaleb Swift $5,000 | $15,000 |
| American Chestnut Cooperators Fdn | |||||||
| 2667 Forest Service RD 708 | Newport | VA | 24128 | None | PC | General Operations | $5,000 |
| Net Texts Foundation | |||||||
| 2 Gibbs Street | Charleston | SC | 29401 | Related Organization | POF | General Operations | $50,000 |
| Austin AISD | |||||||
| 1111 W Sixth St | Austin | TX | 78703 | None | PC | General Operations | $5,000 |
| Sustainable Food Center | |||||||
| 2921 E 17th ST | Austin | TX | 78702 | None | PC | General Operations | $1,000 |
| Paramount Theatre Alliance | |||||||
| 713 Congress Ave | Austin | TX | 78701 | None | PC | General Operations | $8,000 |
| Friends of the School of Arts | |||||||
| 45 Prince ST | Rochester | NY | 14607 | None | PC | General Operations | $5,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $11,121,962 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $1,234,541 | RelatedOrExemptFunctionIncmAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | -$1,045,958 | RelatedOrExemptFunctionIncmAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Olmstead Documentary | Desc |
| Related Or Exempt Function Incm | $219 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $188,802 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $188,802 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Noke and Heard | CategoryTxt |
| Amt | $2,500 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $2,500 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | General Explanation Supplemental Information for Form 990-PF | FormAndLineReferenceDesc |
| Medium Explanation | PAGE 2 - PART II - LINE 2 SAVINGS AND TEMPORARY CASH INVESTMENTSPAGE 8 - PART X - MINIMUM INVESTMENT RETURN CALCULATIONThe foundation agreed to guarantee a mortgage for a charity.The bank requested that the foundation place $1,000,000 on depositwith their bank as an escrow account. As a result this asset was not included in Part X Line 1b and Line 5 Net Value of Noncharitable-use Assets. | MediumExplanationTxt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | JP Morgan Fixed | BondNm |
| EOY Book Value | $111,503,673 | EOYBookValueAmt |
| EOYFMV | $111,503,673 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | JP Morgan Equities | StockNm |
| EOY Book Value | $5,840,205 | EOYBookValueAmt |
| EOYFMV | $5,840,205 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| National Charitable Endowment | AT COST | $5,000,000 | $5,000,000 |
| Simple C | AT COST | ||
| Seminole Offshore Series 2 | FMV | ||
| Seminole Opp Fund Subseries B | FMV |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp (4 entries)
| CategoryCategoryTxt | Legal FeesLegalFeesAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Austen Gowder - legal Allegro | $5,580 | $0 | $0 | $5,580 |
| Austen Gowder - legal Lowline | $10,910 | $0 | $0 | $10,910 |
| Bourne, Noll and Kenyon | $4,317 | $0 | $0 | $4,317 |
| Low Line - legal fees | $11,100 | $0 | $0 | $11,100 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| Federal Excise tax | $15,630 |
| Increase in grant commitments | $5,770,000 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Dues - Chamber of Commerce | $3,000 | $3,000 | |
| Investment expense | $12,453 | $12,453 | |
| Office Expense | $822 | ||
| Stationery | $216 | $216 | |
| Technology Inforest Comm | $330 | ||
| Technology software | $910 | ||
| Travel | $56 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Olmstead Documentary | Desc |
| Revenue And Expenses Per Books | $219 | RevenueAndExpensesPerBooksAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Rounding | Desc |
| Amt | $4 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (6 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| AFS - consultant | $25,000 | $0 | $0 | $25,000 |
| Architecture - Allegro | $26,667 | $0 | $0 | $26,667 |
| Architecture - Carolina Voyage Charter S | $6,250 | $0 | $0 | $6,250 |
| Design - LowCountry Lowline | $16,612 | $0 | $0 | $16,612 |
| Development consultant -Allegro | $10,000 | $0 | $0 | $10,000 |
| Jenkins Inst for Children - consultant | $3,646 | $0 | $0 | $3,646 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Foreign tax | CategoryTxt |
| Amt | $22,984 | Amt |
| Net Investment Income | $22,984 | NetInvestmentIncomeAmt |
Comments