FORMAN FAM FOUNDATION TR 12112013: Form 990PF, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- FORMAN FAM FOUNDATION TR 12112013 (EIN 38-7106076)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-11-14
- IRS object ID
- 201913189349102686
- 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
- Schedule B
- Depreciation Schedule
- Investments Other Schedule2
- 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 | 2019-11-14T14:02:39-06:00 | ReturnTs |
| Tax Period End | 2018-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2001 MARKET STREET SUITE 700 | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19103 | 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 | 387106076 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Forman Family Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % MICHAEL C FORMAN | InCareOfNm |
| Business Name Control | FORM | BusinessNameControlTxt |
| Phone | 2154951160 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 Rouse Blvd Suite 675 | AddressLine1Txt |
| City | Philadelphia | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19112 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHAEL C FORMAN | PersonNm |
| Person Title | Trustee | PersonTitleTxt |
| Phone | 2154951160 | PhoneNum |
| Signature | 2019-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Michael S Jackson | PreparerPersonNm |
| PTIN | P00236684 | PTIN |
| Phone | 2155614200 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 65.229.27.130 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Federal Original Submission Id | 23695320193185000038 | FederalOriginalSubmissionId |
| Federal Original Submission Id | 2019-11-14 | FederalOriginalSubmissionIdDt |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | FCF61C94CDD84B9A41B839C204D6A2ECF5157544 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 4530525FF6A0869165ED71B3C5E0B2F07ED942AE | AtSubmissionFilingDeviceId |
| 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 | $45,014,713 | 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 | $27,068,420 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $33,405 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $33,405 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $845,128 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $845,128 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $154,731 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,767,749 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $154,731 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $8,914 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $8,914 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $28,110,598 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,042,178 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Taxes Rev And Expnss | $53,708 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $3,708 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $34,875 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $34,875 | OtherExpensesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $88,583 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $38,583 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,650,925 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,650,925 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,739,508 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $38,583 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,650,925 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $26,371,090 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,003,595 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $1,681,123 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $12,526,031 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $12,524,294 | SavAndTempCashInvstEOYFMVAmt |
| Other Investments BOY | $18,527,569 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $33,669,798 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $32,490,419 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $20,208,692 | TotalAssetsBOYAmt |
| Total Assets EOY | $46,195,829 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $45,014,713 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Retained Earning BOY | $20,208,692 | RetainedEarningBOYAmt |
| Retained Earning EOY | $46,195,829 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $20,208,692 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $46,195,829 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $20,208,692 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $46,195,829 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $20,208,692 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $26,371,090 | ExcessRevenueOverExpensesAmt |
| Subtotal | $46,579,782 | SubtotalAmt |
| Other Decreases | $383,953 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $46,195,829 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | AcquiredAcquiredDt |
|---|---|---|---|---|---|---|---|
| US TRUST (1779) | P | 2018-12-31 | $271,755 | $274,220 | -$1,298 | -$2,465 | |
| US TRUST (1779) | P | 2018-12-31 | $139,536 | $138,563 | $1,053 | $973 | |
| POLEN GROWTH INSTIUTIONAL | 2018-06-18 | $75,000 | $61,498 | $13,502 | $13,502 | 2017-06-23 | |
| MORGAN STANLEY (8042) | P | 2018-12-31 | $1,175,000 | $1,139,984 | $35,016 | $35,016 | |
| CAPITAL GAIN DIVIDENDS | P | $106,458 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $154,731 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $734,000 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $21,380,275 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.034331 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $390,616 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $5,557,390 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.070288 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $380,026 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $4,303,323 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.08831 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $224,780 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $5,491,488 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.040932 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $0 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $2,708,750 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.0 | DistributionYr5Rt |
| Total Distribution | 0.233861 | TotalDistributionRt |
| Average Distribution | 0.046772 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $25,170,574 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $1,177,278 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $10,036 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $1,187,314 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $1,650,925 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $10,036 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $10,036 | SubtotalAmt |
| Tax Based On Investment Income | $10,036 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $28,241 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $20,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $48,241 | TotalPaymentsAndCreditsAmt |
| Overpayment | $38,205 | OverpaymentAmt |
| Applied To ES Tax | $38,205 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | PA | 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 | MICHAEL C FORMAN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2154951160 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 ROUSE BLVD | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19112 | 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 |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
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 |
|---|---|---|---|---|---|---|---|---|
| MICHAEL C FORMAN | ||||||||
| 201 Rouse Blvd | Philadelphia | PA | 19112 | President | 0.25 | $0 | $0 | $0 |
| JENNIFER S RICE | ||||||||
| 201 Rouse Blvd | Philadelphia | PA | 19112 | Vice president | 0.25 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp | |
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $19,563,662 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $5,990,220 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $25,553,882 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $25,553,882 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $383,308 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $25,170,574 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,258,529 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,258,529 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $10,036 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $10,036 | TotalTaxAmt |
| Distributable Before Adj | $1,248,493 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $1,248,493 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,248,493 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,650,925 | 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 | $1,650,925 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $10,036 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,640,889 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,248,493 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $85,195 | UndistributedIncomePYAmt |
| Prior Year1 | 2016 | PriorYear1Yr |
| Prior Year2 | 2015 | PriorYear2Yr |
| Prior Year3 | 2014 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Qualifying Distributions | $1,650,925 | QualifyingDistributionsAmt |
| Applied To Year1 | $85,195 | AppliedToYear1Amt |
| Applied To Current Year | $1,248,493 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $317,237 | RemainingDistriFromCorpusAmt |
| Total Corpus | $317,237 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $317,237 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $317,237 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (22 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| Franklin Institute | |||||||
| 22 N 20th Street | Philadelphia | PA | 19103 | N/A | PC | Unrestricted | $35,000 |
| Vetri Foundation for Children | |||||||
| 1113 Admiral Peary Way Quarters N | Philadelphia | PA | 19112 | N/A | PC | Unrestricted | $31,425 |
| The Philadelphia School | |||||||
| 2501 Lombard Street | Philadelphia | PA | 19146 | N/A | PC | Unrestricted | $95,000 |
| Friends' Central SChool | |||||||
| 1101 city avenue | wynnewood | PA | 19096 | N/A | PC | Unrestricted | $220,000 |
| Steven Myron Holl Foundation | |||||||
| 450 west 31st street 11th floor | new york | NY | 10001 | N/A | PC | Unrestricted | $500 |
| The Isamu Noguchi Foundation & Garden museum | |||||||
| 9-01 33rd rd | queens | NY | 11106 | N/A | PC | Unrestricted | $1,000 |
| Klehr Center | |||||||
| 645 College Ave | Lancaster | PA | 17603 | n/a | PC | Unrestricted | $2,000 |
| WXPN | |||||||
| 3025 Walnut St | Philadelphia | PA | 19104 | N/A | PC | Unrestricted | $1,000 |
| Philadelphia Museum of Art | |||||||
| 2600 Benjamin Franklin Pkwy | Philadelphia | PA | 19130 | N/A | PC | Unrestricted | $575,000 |
| United Way | |||||||
| 1709 Benjamin Franklin Parkway | Philadelphia | PA | 19103 | N/A | PC | Unrestricted | $10,000 |
| Drexel University | |||||||
| 3141 Chestnut St | Philadelphia | PA | 19104 | N/A | PC | Unrestricted | $75,000 |
| Center City District Foundation | |||||||
| 600 Chestnut St | Philadelphia | PA | 19106 | N/A | PC | Unrestricted | $25,000 |
| Education Law Center | |||||||
| 1315 Walnut St | Philadelphia | PA | 19107 | n/a | PC | unrestricted | $15,000 |
| Smithsonian Institution | |||||||
| 600 maryland ave sw | washington DC | VA | 20002 | n/a | PC | unrestricted | $10,000 |
| Philadelphia Contemporary | |||||||
| 118 S 36th St | philadelphia | PA | 19104 | n/a | PC | unrestricted | $500,000 |
| PAWS | |||||||
| 100 N 2nd st | philadelphia | PA | 19106 | n/a | PC | unrestricted | $10,000 |
| Parent Infant Center | |||||||
| 4205 Spruce St | Philadelphia | PA | 19104 | n/a | PC | unrestricted | $5,000 |
| JAFCO | |||||||
| 215 N presidential blvd 2nd floor | Bala Cynwyd | PA | 19004 | n/a | PC | unrestricted | $1,000 |
| PMA Craft Show | |||||||
| 2600 Benjamin Franklin Pkwy | Philadelphia | PA | 19103 | n/a | PC | unrestricted | $1,500 |
| Jessica Morgan | |||||||
| 3400 civic center blvd | philadelphia | PA | 19104 | n/a | PC | unrestricted | $2,500 |
| Anti Defamation League | |||||||
| 1500 market st | philadelphia | PA | 19102 | n/a | PC | unrestricted | $25,000 |
| washington university of st louis | |||||||
| 1 brookings dr | st louis | MO | 63130 | n/a | PC | unresticted | $10,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,650,925 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $30,136 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $717,510 | 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 | $165,741 | 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 | $913,387 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $913,387 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | Michael Forman | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | c/o 201 Rouse BLVD Ste 675 | AddressLine1Txt |
| City | Philadelphia | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19112 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $27,068,420 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp (8 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | 537,028.64 shrs FS Credit Income | $6,922,299 | 2018-12-19 |
| 1 | 9892.365 shares of FS Credit Income | $127,513 | 2018-12-19 |
| 1 | 9958.999 shares of FS Credit Income | $129,367 | 2018-12-19 |
| 1 | 200 shares of State Street Corp | $12,338 | 2018-12-18 |
| 1 | 2329 shares of Limestone Bancorp | $30,277 | 2018-12-19 |
| 1 | 1855 shares of Banc of California | $38,473 | 2018-12-19 |
| 1 | 1185 shares of Guaranty bancorp Delaware | $15,381 | 2018-12-19 |
| 1 | Var Shares - See Attached | $2,886,794 | 2018-12-31 |
Depreciation Schedule DepreciationSchedule
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (10 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| MORGAN STANLEY MUTUAL FUNDS | AT COST | $0 | $0 |
| FS | AT COST | $13,879,946 | $13,434,278 |
| US TRUST (3962) | AT COST | $0 | $0 |
| ISRAEL BOND | AT COST | $1,018,041 | $1,018,041 |
| MORGAN STANLEY (1331) MUTUAL F | AT COST | $194,471 | $194,471 |
| CHATHAM | AT COST | $2,275,707 | $2,275,707 |
| US TRUST (4696) | AT COST | $0 | $0 |
| US TRUST (5914) | AT COST | $2,279,116 | $2,976,073 |
| UBS (2912) | AT COST | $9,022,517 | $7,591,849 |
| MILLENIUM | AT COST | $5,000,000 | $5,000,000 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED GAIN/LOSS | Desc |
| Amt | $383,953 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| US TRUST (1779) INVESTMENT INT | ||
| US TRUST (1779) MANAGEMENT FEE | $19,952 | $19,952 |
| ASHBRIDGE INVESTMENT INTEREST | $1,951 | $1,951 |
| ASHBRIDGE PORTFOLIO 2% | ||
| MISCELLANEOUS EXPENSE - US TRU | $3,466 | $3,466 |
| MS (8042) MISC EXP | $9,441 | $9,441 |
| UBS (2912) MISC EXP | $65 | $65 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| US Trust (1779) | $6,669 | $6,669 |
| UBS (2912) | $2,245 | $2,245 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED GAIN/LOSS | Desc |
| Amt | $0 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMENT FEES | CategoryTxt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| EXCISE TAX | $50,000 | $0 |
| FOREIGN TAXES PAID | $3,708 | $3,708 |
Comments