ARMENIA EMPYREAN FOUNDATION: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
ARMENIA EMPYREAN FOUNDATION (EIN 20-8038153)
Tax period
2018-01-01 to 2018-12-31
Filed
2019-05-13
IRS object ID
201901339349102640
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 ReturnHeader

FieldValueIRS element (for citing)
Return2019-05-13T15:19:52-05:00ReturnTs
Tax Period End2018-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1One Hollow Ln Ste 212AddressLine1Txt
CityLake SuccessCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11042ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2018-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN208038153EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Raffi & Nina Festekjian FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% Foundation SourceInCareOfNm
Business Name ControlRAFFBusinessNameControlTxt
Phone8008391754PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Foundation Source 501 Silverside RdAddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRAFFI FESTEKJIANPersonNm
Person TitlepresidentPersonTitleTxt
Phone8008391754PhoneNum
Signature2019-05-09SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJeffrey D HaskellPreparerPersonNm
PTINP01345770PTIN
Phone8008391754PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address24.187.244.114IPv4AddressTxt
FieldValueIRS element (for citing)
Federal Original Submission Id06391520191335000631FederalOriginalSubmissionId
Federal Original Submission Id2019-05-13FederalOriginalSubmissionIdDt
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdBC971FC33BAF52379132A0473611089A0DAEC697AtSubmissionCreationDeviceId
At Submission Filing Device Id0C5E5A4654C1C37B4810F575F1A1D05F0CA21AEDAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$103,181FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$46,161ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$7InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$7InterestOnSavNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$3,812NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$20,312GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$3,812CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$49,980TotalRevAndExpnssAmt
Total Net Invst Incm$3,819TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Other Expenses Rev And Expnss$5,356OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$331OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$5,025OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$5,356TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$331TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$5,025TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$53,300ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$53,300ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$58,656TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$331TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$58,325TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$8,676ExcessRevenueOverExpensesAmt
Net Investment Income$3,488NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst EOY$7,824SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$7,824SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$100,000CorporateStockBOYAmt
Corporate Stock EOY$83,500CorporateStockEOYAmt
Corporate Stock EOYFMV$95,357CorporateStockEOYFMVAmt
Total Assets BOY$100,000TotalAssetsBOYAmt
Total Assets EOY$91,324TotalAssetsEOYAmt
Total Assets EOYFMV$103,181TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$100,000RetainedEarningBOYAmt
Retained Earning EOY$91,324RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$100,000TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$91,324TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$100,000TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$91,324TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$100,000TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$8,676ExcessRevenueOverExpensesAmt
Other Increases$9,973OtherIncreasesAmt
Subtotal$101,297SubtotalAmt
Other Decreases$9,973OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$91,324TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPublicly-traded SecuritiesPropertyDesc
Gross Sales Price$20,312GrossSalesPriceAmt
Cost Or Other Basis$16,500CostOrOtherBasisAmt
Gain Or Loss$3,812GainOrLossAmt
Gains Minus Excess Or Losses$3,812GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$3,812CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$71,841AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$116,962NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.614225DistributionYr1Rt
Adjusted Qlfy Distri Yr2$83,675AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$133,996NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.624459DistributionYr2Rt
Adjusted Qlfy Distri Yr3$91,475AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$174,215NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.52507DistributionYr3Rt
Adjusted Qlfy Distri Yr4$169,253AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$230,559NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.734098DistributionYr4Rt
Adjusted Qlfy Distri Yr5$72,207AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$263,681NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.273842DistributionYr5Rt
Total Distribution2.771694TotalDistributionRt
Average Distribution0.554339AverageDistributionRt
Net Vl Noncharitable Assets$111,907NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$62,034AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$35NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$62,069AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$58,325QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$70InvestmentIncomeExciseTaxAmt
Subtotal$70SubtotalAmt
Tax Based On Investment Income$70TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$216EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$216TotalPaymentsAndCreditsAmt
Overpayment$146OverpaymentAmt
Applied To ES Tax$146AppliedToESTaxAmt

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 EtcYes (true)OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateDEOrgReportOrRegisterStateCd
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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8008391754PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1501 Silverside Road Suite 123AddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd
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 PrsnYes (true)TransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsYes (true)ActsFailToQlfyAsExceptionsInd
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

FieldValueIRS element (for citing)
PersonRaffi FestekjianPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Foundation Source 501 Silverside RdAddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd
FieldValueIRS element (for citing)
TitlePres, Dir, SecTitleTxt
Average Hrs Per Wk Devoted To Pos1.0AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$109,451AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$4,160AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$113,611TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$113,611AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$1,704CashDeemedCharitableAmt
Net Vl Noncharitable Assets$111,907NetVlNoncharitableAssetsAmt
Minimum Investment Return$5,595MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$5,595MinimumInvestmentReturnAmt
Tax Based On Investment Income$70TaxBasedOnInvestmentIncomeAmt
Total Tax$70TotalTaxAmt
Distributable Before Adj$5,525DistributableBeforeAdjAmt
Distributable Before Ded$5,525DistributableBeforeDedAmt
Distributable As Adjusted$5,525DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$58,325ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$58,325QualifyingDistributionsAmt
Adjusted Qualifying Distri$58,325AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$5,525DistributableAsAdjustedAmt
Prior Year12016PriorYear1Yr
Prior Year22015PriorYear2Yr
Prior Year32014PriorYear3Yr
Excess Distribution Cyov Yr5$59,381ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$158,409ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$82,764ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$76,975ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$66,061ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$443,590TotalExcessDistributionCyovAmt
Qualifying Distributions$58,325QualifyingDistributionsAmt
Applied To Current Year$5,525AppliedToCurrentYearAmt
Remaining Distri From Corpus$52,800RemainingDistriFromCorpusAmt
Total Corpus$496,390TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$59,381ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$437,009ExcessDistriCyovToNextYrAmt
Excess From Year4$158,409ExcessFromYear4Amt
Excess From Year3$82,764ExcessFromYear3Amt
Excess From Year2$76,975ExcessFromYear2Amt
Excess From Year1$66,061ExcessFromYear1Amt
Excess From Current Year$52,800ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerRaffi FestekjianContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (8 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
ARMENIAN INTERNATIONAL WOMENS ASSOCIATION INC
65 MAIN ST STE 3AWATERTOWNMA02472N/APCGeneral & Unrestricted$1,000
CHILDREN OF ARMENIA FUND INC
149 5TH AVE STE 500NEW YORKNY10010N/APCGeneral & Unrestricted$10,000
DEXTER SOUTHFIELD INC
20 NEWTON STBROOKLINEMA02445N/APCGeneral & Unrestricted$1,000
PARK STREET CHURCH
1 PARK STBOSTONMA02108N/APCGeneral & Unrestricted$1,000
SOCIETY FOR ORPHANED ARMENIAN RELIEF
150 N RADNOR CHESTER RD STE F-2RADNORPA19087N/APCGeneral & Unrestricted$300
ST STEPHENS ARMENIAN APOSTOLIC CHURCH OF GREATER B
38 ELTON AVEWATERTOWNMA02472N/APCGeneral & Unrestricted$500
TEKEYAN CULTURAL ASSOCIATION INC
755 MOUNT AUBURN STWATERTOWNMA02472N/APCGeneral & Unrestricted$2,500
YERAZART INC
32 WARWICK RDWATERTOWNMA02472N/APCGeneral & Unrestricted$37,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$53,300TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$7ExclusionAmt
FieldValueIRS element (for citing)
Div And Int From Sec Part VIIDivAndIntFromSecPartVIIGrp
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment Incm Part VIIOtherInvestmentIncmPartVIIGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$3,812ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$3,819ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$3,819TotalIncomeProducingActyAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonFestekjian RaffiContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line14 McCall RoadAddressLine1Txt
CityWinchesterCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01890ZIPCd
FieldValueIRS element (for citing)
Total Contributions$46,161TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockSP500 LINKED ISSUER HSBCStockNm
EOY Book Value$83,500EOYBookValueAmt
EOYFMV$95,357EOYFMVAmt

Liquidation Explanation Stmt LiquidationExplanationStmt

FieldValueIRS element (for citing)
ExplanationAs explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2018, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $53,300. This amount represents 25% or more of the Foundation's net assets of $120,800 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2018. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a; each such grant was made solely for the charitable purpose specified therein.ExplanationTxt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescDISBURSEMENT ERRORDesc
Amt$9,973Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmtNet Investment IncomeNetInvestmentIncomeAmt
Administrative Fees$5,000$5,000
Bank Charges$331$331
State or Local Filing Fees$25$25

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescDISBURSEMENT CORRECTIONDesc
Amt$9,973Amt

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