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MUNGER CHARITABLE TR NUMBER THREE: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
MUNGER CHARITABLE TR NUMBER THREE (EIN 27-6085495)
Tax period
2018-06-01 to 2019-05-31
Filed
2019-08-08
IRS object ID
201922209349100317
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)
Return2019-08-08T14:40:33-05:00ReturnTs
Tax Period End2019-05-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1HOLTHOUSE CARLIN & VAN TRIGT LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1355 S GRAND AVE STE 1710AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90071ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2018-06-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN276085495EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MUNGER CHARITABLE TRUST NUMBER THREEBusinessNameLine1Txt
Business Name Line2C/O WILLIAM H BORTHWICKBusinessNameLine2Txt
FieldValueIRS element (for citing)
In Care Of% HOLTHOUSE CARLIN & VAN TRIGTInCareOfNm
Business Name ControlMUNGBusinessNameControlTxt
Phone2136838790PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1300 SOUTH GRAND AVENUE 37TH FLOORAddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90071ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonWILLIAM BORTHWICKPersonNm
Person TitleTrusteePersonTitleTxt
Phone2136838790PhoneNum
Signature2019-07-26SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHAEL S DREYERPreparerPersonNm
PTINP00002084PTIN
Phone2136838790PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address45.59.221.3IPv4AddressTxt
FieldValueIRS element (for citing)
Federal Original Submission Id96719820192205000004FederalOriginalSubmissionId
Federal Original Submission Id2019-08-08FederalOriginalSubmissionIdDt
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdB4E9ACEEC3B243A7044846228892F10EB4E27A5EAtSubmissionCreationDeviceId
At Submission Filing Device IdB4E9ACEEC3B243A7044846228892F10EB4E27A5EAtSubmissionFilingDeviceId
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$397,549FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$0ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$23InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$23InterestOnSavNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$10,493NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$15,136GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$10,493CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$10,516TotalRevAndExpnssAmt
Total Net Invst Incm$10,516TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Other Prof Fees Rev And Expnss$950OtherProfFeesRevAndExpnssAmt
Other Prof Fees Dsbrs Chrtbl$950OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$10TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$150OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$150OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$1,110TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$150TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$950TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$18,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$18,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$19,610TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$150TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$19,450TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$9,094ExcessRevenueOverExpensesAmt
Net Investment Income$10,366NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$7,808SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$3,358SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$3,358SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$136,763CorporateStockBOYAmt
Corporate Stock EOY$132,119CorporateStockEOYAmt
Corporate Stock EOYFMV$394,191CorporateStockEOYFMVAmt
Total Assets BOY$144,571TotalAssetsBOYAmt
Total Assets EOY$135,477TotalAssetsEOYAmt
Total Assets EOYFMV$397,549TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$144,571RetainedEarningBOYAmt
Retained Earning EOY$135,477RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$144,571TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$135,477TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$144,571TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$135,477TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$144,571TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$9,094ExcessRevenueOverExpensesAmt
Subtotal$135,477SubtotalAmt
Tot Net Ast Or Fund Balances EOY$135,477TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyBERKSHIRE HATHAWAY - CL B; 70 SHARESPropertyDesc
Acquired2011-09-29AcquiredDt
Sold2019-05-01SoldDt
Gross Sales Price$15,136GrossSalesPriceAmt
Cost Or Other Basis$4,643CostOrOtherBasisAmt
Gain Or Loss$10,493GainOrLossAmt
Gains Minus Excess Or Losses$10,493GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$10,493CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$10,926AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$405,637NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.026935DistributionYr1Rt
Adjusted Qlfy Distri Yr2$20,783AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$353,650NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.058767DistributionYr2Rt
Adjusted Qlfy Distri Yr3$20,807AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$327,056NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.063619DistributionYr3Rt
Adjusted Qlfy Distri Yr4$15,439AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$350,991NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.043987DistributionYr4Rt
Adjusted Qlfy Distri Yr5$11,906AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$308,570NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.038584DistributionYr5Rt
Total Distribution0.231892TotalDistributionRt
Average Distribution0.046378AverageDistributionRt
Net Vl Noncharitable Assets$422,024NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$19,573AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$104NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$19,677AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$19,450QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$207InvestmentIncomeExciseTaxAmt
Subtotal$207SubtotalAmt
Tax Based On Investment Income$207TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$148EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$148TotalPaymentsAndCreditsAmt
Tax Due$59TaxDueAmt

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
Org Report Or Register StateCAOrgReportOrRegisterStateCd
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 AddressNONEWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1HOLTHOUSE CARLIN & VAN TRIGTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2136838790PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1355 S GRAND AVENUE SUITE 1710AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90071ZIPCd
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
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
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)
PersonWILLIAM H BORTHWICKPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1300 SOUTH GRAND AVENUE 37TH FLOORAddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90071ZIPCd
FieldValueIRS element (for citing)
TitleTRUSTEETitleTxt
Average Hrs Per Wk Devoted To Pos0AverageHrsPerWkDevotedToPosRt
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$421,926AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$6,525AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$428,451TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$428,451AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$6,427CashDeemedCharitableAmt
Net Vl Noncharitable Assets$422,024NetVlNoncharitableAssetsAmt
Minimum Investment Return$21,101MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$21,101MinimumInvestmentReturnAmt
Tax Based On Investment Income$207TaxBasedOnInvestmentIncomeAmt
Total Tax$207TotalTaxAmt
Distributable Before Adj$20,894DistributableBeforeAdjAmt
Distributable Before Ded$20,894DistributableBeforeDedAmt
Distributable As Adjusted$20,894DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$19,450ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$19,450QualifyingDistributionsAmt
Adjusted Qualifying Distri$19,450AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$20,894DistributableAsAdjustedAmt
Undistributed Income PY$18,284UndistributedIncomePYAmt
Prior Year12016PriorYear1Yr
Prior Year22015PriorYear2Yr
Prior Year32014PriorYear3Yr
Excess Distribution Cyov Yr1$0ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$0TotalExcessDistributionCyovAmt
Qualifying Distributions$19,450QualifyingDistributionsAmt
Applied To Year1$18,284AppliedToYear1Amt
Applied To Current Year$1,166AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$0TotalCorpusAmt
Undistributed Income CY$19,728UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$0ExcessDistriCyovToNextYrAmt
Excess From Current Year$0ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
POLYTECHNIC SCHOOL
1030 EAST CALIFORNIA BOULEVARDPASADENACA91106NONE501(C)(3)GENERAL SUPPORT$9,250
WESTRIDGE SCHOOL
324 MADELINE DRIVEPASADENACA91105NONEGENERAL SUPPORT$9,250
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$18,500TotalGrantOrContriPdDurYrAmt

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$23ExclusionAmt
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$10,493ExclusionAmt
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$10,516ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$10,516TotalIncomeProducingActyAmt

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

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
1 SHS BERKSHIRE HATHAWAY CL A$99,488$297,060
492 SHS BERKSHIRE HATH. CL B$32,631$97,131

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescEMA ANNUAL FEEDesc
Revenue And Expenses Per Books$150RevenueAndExpensesPerBooksAmt
Net Investment Income$150NetInvestmentIncomeAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryTAX PREPARATIONCategoryTxt
Amt$950Amt
Disbursements Charitable Prps$950DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFRANCHISE TAX BOARDCategoryTxt
Amt$10Amt

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