KARSH FAMILY FOUNDATION: Form 990PF, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- KARSH FAMILY FOUNDATION (EIN 13-7147287)
- Tax period
- 2017-07-01 to 2018-06-30
- Filed
- 2019-05-13
- IRS object ID
- 201941339349103644
- Schema version
- 2017v2.3
- 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
- Accounting Fees Schedule
- Depreciation Schedule
- Distribution From Corpus Election
- General Explanation Attachment
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-05-13T16:44:56-05:00 | ReturnTs |
| Tax Period End | 2018-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HOLTHOUSE CARLIN & VAN TRIGT LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 355 S GRAND AVENUE STE 1710 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 900711532 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2017-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 137147287 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE KARSH FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % THE KARSH FAMILY FOUNDATION | InCareOfNm |
| Business Name Control | KARS | BusinessNameControlTxt |
| Phone | 2138306402 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1201 TOWER GROVE DRIVE | AddressLine1Txt |
| City | BEVERLY HILLS | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90210 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BRUCE A KARSH | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Phone | 2138306402 | PhoneNum |
| Signature | 2019-05-09 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CHARLENE W GREENE | PreparerPersonNm |
| PTIN | P00851898 | PTIN |
| Phone | 2136838790 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 172.250.74.65 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Federal Original Submission Id | 96719820191335000001 | FederalOriginalSubmissionId |
| Federal Original Submission Id | 2019-05-13 | FederalOriginalSubmissionIdDt |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 31342C62D679FD714854A9CE3C552836F4B2075B | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 49703B2D34EB3390ECFF8DFC7CF83E9B3C0EB30D | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $194,281,082 | 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 | $31,724,700 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $1,192,164 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $997,846 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $8,112,551 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $21,745,283 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $19,562,480 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $17,955,899 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | -$301,710 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $58,985,314 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $20,258,616 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $6,718 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $3,359 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $3,359 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $180,735 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $90,368 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $90,367 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $1,300,335 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $12,040 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $310 | TaxesDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $2,281 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $2,281 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $12,714 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $5,135 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $4,655 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,502,783 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $110,902 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $100,972 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $20,123,172 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $20,123,172 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $21,625,955 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $110,902 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $20,224,144 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $37,359,359 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $20,147,714 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $23,216,686 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $22,572,541 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $22,572,541 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $7,478 | AcctRcvblAmt |
| Acct Rcvbl BOY | $9,604 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $7,478 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $7,478 | AcctRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $266,405 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $1,189,232 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $1,189,232 | PrepaidExpensesEOYFMVAmt |
| Corporate Stock BOY | $57,224,137 | CorporateStockBOYAmt |
| Corporate Stock EOY | $78,201,971 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $78,201,971 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $74,799,270 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $92,309,860 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $92,309,860 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $155,516,102 | TotalAssetsBOYAmt |
| Total Assets EOY | $194,281,082 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $194,281,082 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $0 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $185 | AccountsPayableEOYAmt |
| Other Liabilities BOY | $1,070,179 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $1,512,449 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $1,070,179 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,512,634 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $154,445,921 | UnrestrictedBOYAmt |
| Unrestricted EOY | $192,768,448 | UnrestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $154,445,921 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $192,768,448 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $155,516,100 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $194,281,082 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $154,445,921 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $37,359,359 | ExcessRevenueOverExpensesAmt |
| Other Increases | $963,168 | OtherIncreasesAmt |
| Subtotal | $192,768,448 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $192,768,448 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| SALE OF STOCK - PUBLICLY TRADED | D | $20,672,283 | $8,009,307 | $12,662,976 | $12,662,976 |
| LOSS ON CONVERTIBLE NOTES | P | $0 | $512,432 | -$512,432 | -$512,432 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $19,562,480 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $16,630,528 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $149,287,712 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.111399 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $16,650,713 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $139,628,851 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.11925 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $19,311,414 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $142,739,942 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.135291 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $17,710,596 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $122,138,439 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.145004 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $9,910,663 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $80,531,405 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.123066 | DistributionYr5Rt |
| Total Distribution | 0.63401 | TotalDistributionRt |
| Average Distribution | 0.126802 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $179,631,731 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $22,777,663 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $201,477 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $22,979,140 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $20,224,144 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $402,954 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $402,954 | SubtotalAmt |
| Tax Based On Investment Income | $402,954 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $433,544 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $200,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $633,544 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $1,335 | EsPenaltyAmt |
| Overpayment | $229,255 | OverpaymentAmt |
| Applied To ES Tax | $229,255 | 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 | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | 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 |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE KARSH FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2138306402 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1201 TOWER GROVE DRIVE | AddressLine1Txt |
| City | BEVERLY HILLS | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90210 | 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 | Yes (true) | 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 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| BRUCE A KARSH | ||||||||
| 1201 TOWER GROVE DRIVE | BEVERLY HILLS | CA | 90210 | TRUSTEE | 5.0 | $0 | $0 | $0 |
| MARTHA L KARSH | ||||||||
| 1201 TOWER GROVE DRIVE | BEVERLY HILLS | CA | 90210 | TRUSTEE | 5.0 | $0 | $0 | $0 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DREYER ROBBINS & ASSOCIATES | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 355 S GRAND AVENUE SUITE 1710 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90071 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | ACCOUNTING | ServiceTypeTxt |
| Compensation | $180,735 | CompensationAmt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | PROVIDING GRANTS TO QUALIFIED CHARITABLE ORGANIZATIONS | Description1Txt |
| Expenses1 | $20,224,144 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NOT APPLICABLE | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $70,326,202 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $19,731,178 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $92,309,860 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $182,367,240 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $182,367,240 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $2,735,509 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $179,631,731 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $8,981,587 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $8,981,587 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $402,954 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $402,954 | TotalTaxAmt |
| Distributable Before Adj | $8,578,633 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $8,578,633 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $8,578,633 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $20,224,144 | 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 | $20,224,144 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $20,224,144 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $8,578,633 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2015 | PriorYear1Yr |
| Prior Year2 | 2014 | PriorYear2Yr |
| Prior Year3 | 2013 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $6,032,229 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $12,293,903 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $12,345,208 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $9,882,198 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $9,497,801 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $50,051,339 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $20,224,144 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Current Year | $8,578,633 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $11,645,511 | RemainingDistriFromCorpusAmt |
| Total Corpus | $61,696,850 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $31,724,700 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov To Next Yr | $29,972,150 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $0 | ExcessFromYear4Amt |
| Excess From Year3 | $0 | ExcessFromYear3Amt |
| Excess From Year2 | $8,828,838 | ExcessFromYear2Amt |
| Excess From Year1 | $9,497,801 | ExcessFromYear1Amt |
| Excess From Current Year | $11,502,797 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | BRUCE A KARSH | ContributingManagerNm |
| Contributing Manager | MARTHA L KARSH | ContributingManagerNm |
| Shareholder Manager | BRUCE A KARSH | ShareholderManagerNm |
| Shareholder Manager | MARTHA L KARSH | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (84 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|
| A COMMUNITY OF FRIENDS | ||||||||
| 3701 WILSHIRE BLVD 700 | LOS ANGELES | CA | 90010 | NONE | PC | PHILANTHROPIC ACTIVITY | $10,000 | |
| ALEPH INSTITUTE | ||||||||
| 9540 COLLINS AVENUE | SURFSIDE | FL | 33154 | NONE | PC | EDUCATION/FAMILY SERVICES | $2,000 | |
| ALLIANCE FOR COLLEGE-READY PUBLIC SCHOOLS | ||||||||
| 601 S FIGUEROA STREET | LOS ANGELES | CA | 90017 | NONE | PC | EDUCATION | $25,000 | 4TH FLOOR |
| ALZHEIMER'S GREATER LOS ANGELES | ||||||||
| 4221 WILSHIRE BOULEVARD 400 | LOS ANGELES | CA | 90010 | NONE | PC | HEALTH | $5,000 | |
| AMERICAN BALLET THEATRE | ||||||||
| 890 BROADWAY 3RD FLOOR | NEW YORK | NY | 10003 | NONE | PC | ARTS | $10,000 | |
| AMERICAN FRIENDS OF HEBREW UNIVERSITY | ||||||||
| ONE BATTERY PARK PLAZA 25TH FLOOR | NEW YORK | NY | 10004 | NONE | PC | EDUCATION | $10,000 | |
| AMERICAN JEWISH COMMITEE | ||||||||
| 165 EAST 56TH STREET | NEW YORK | NY | 10022 | NONE | PC | ADVOCACY | $15,000 | |
| BABY2BABY | ||||||||
| 6435 WILSHIRE BOULEVARD | LOS ANGELES | CA | 90048 | NONE | PC | PHILANTHROPIC ACTIVITY | $3,000 | |
| BEIT T'SHUVAH | ||||||||
| 8831 VENICE BOULEVARD | LOS ANGELES | CA | 90036 | NONE | PC | PHILANTHROPIC ACTIVITY | $5,000 | |
| BET TZEDEK | ||||||||
| 145 SOUTH FAIRFAX AVENUE SUITE 200 | LOS ANGELES | CA | 90036 | NONE | PC | PHILANTHROPIC ACTIVITY | $10,000 | |
| CALIFORNIA CHARTER SCHOOLS ASSOCIATION | ||||||||
| 250 EAST 1ST STREET SUITE 1000 | LOS ANGELES | CA | 90012 | NONE | PC | EDUCATION | $200,000 | |
| CALIFORNIA FIRE FOUNDATION | ||||||||
| 1780 CREEKSIDE OAKS DR STE 200 | SACRAMENTO | CA | 95833 | NONE | PC | FIRE PREVENTION | $20,000 | |
| CASA LA | ||||||||
| 201 CENTRE PLAZA DRIVE SUITE 1100 | MONTEREY PARK | CA | 91754 | NONE | PC | HEALTH | $5,000 | |
| CHAI LIFELINE | ||||||||
| 151 WEST 30TH STREET N 30TH FL | NEW YORK | NY | 10001 | NONE | PC | HEALTH | $5,000 | |
| CHARTER FUND INC DBA CHARTER SCHOOL GROWTH FUND | ||||||||
| 10901 WEST 120TH AVENUE SUITE 450 | BROOMFIELD | CO | 80021 | NONE | PC | EDUCATION | $1,000,000 | |
| CRIM FITNESS FOUNDATION | ||||||||
| 452 SAGINAW ST | FLINT | MI | 48502 | NONE | PC | HEALTH | $11,000 | |
| DREAM | ||||||||
| 1991 SECOND AVENUE NO 2ND FL | NEW YORK | NY | 10029 | NONE | PC | PHILANTHROPIC ACTIVITY | $10,000 | |
| DUKE UNIVERSITY | ||||||||
| PO BOX 90581 | DURHAM | NC | 277080397 | NONE | PC | EDUCATION | $3,180,000 | |
| EMILY KRZYZEWSKI CENTER | ||||||||
| 904 W CHAPEL HILL ST | DURHAM | NC | 27701 | NONE | PC | EDUCATION | $10,000 | |
| FOCUSING PHILANTHROPY | ||||||||
| 1637 16TH STREET | SANTA MONICA | CA | 90404 | NONE | PC | PHILANTHROPIC ACTIVITY | $25,000 | |
| FRIENDS OF ISRAELI DEFENSE FUND | ||||||||
| 60 EAST 42ND STREET | NEW YORK | NY | 10165 | NONE | PC | PHILANTHROPIC ACTIVITY | $15,000 | |
| HAWAI'I COMMUNITY FOUNDATION | ||||||||
| 827 FORT STREET MALL | HONOLULU | HI | 96813 | NONE | PC | KUKIO COMMUNITY FUND | $5,000 | |
| HOMEBOY INDUSTRIES | ||||||||
| 130 W BRUNO STREET | LOS ANGELES | CA | 900121815 | NONE | PC | PHILANTHROPIC ACTIVITY | $100,000 | |
| HUALALAI OHANA FOUNDATION | ||||||||
| PO BOX 5227 | KAILUAKONA | HI | 96745 | NONE | PC | PHILANTHROPIC ACTIVITY | $2,500 | |
| HUMAN RIGHTS FIRST | ||||||||
| 75 BROAD STREET 31ST FLOOR | NEW YORK | NY | 10004 | NONE | PC | PHILANTHROPIC ACTIVITY | $25,000 | |
| INTERNATIONAL MEDICAL CORPS | ||||||||
| 1919 SANTA MONICA BOULEVARD SUITE | SANTA MONICA | CA | 90404 | NONE | PC | HEALTH | $10,000 | |
| JEWISH COMMUNITY CENTER OF ST LOUIS | ||||||||
| 2 MILLSTONE CAMPUS DRIVE | ST LOUIS | MO | 631465796 | NONE | PC | PHILANTHROPIC ACTIVITY | $200,000 | |
| JEWISH FREE LOAN | ||||||||
| 3443 N CENTRAL AVE STE 707 | PHOENIX | AZ | 85012 | NONE | PC | PHILANTHROPIC ACTIVITY | $5,000 | |
| JUMP START | ||||||||
| 1625 OLYMPIC BLVD STE 1050 | LOS ANGELES | CA | 90015 | NONE | PC | EDUCATION | $2,500 | |
| KCRW FOUNDATION | ||||||||
| 1900 PICO BLVD | SANTA MONICA | CA | 90405 | NONE | PC | PUBLIC RADIO | $10,000 | |
| KIPP FOUNDATION | ||||||||
| 135 MAIN STREET SUITE 1700 | SAN FRANCISCO | CA | 94105 | NONE | PC | EDUCATION | $2,000,000 | |
| KIPP HOUSTON | ||||||||
| 10711 KIPP WAY DRIVE | HOUSTON | TX | 77099 | NONE | PC | EDUCATION | $20,000 | |
| KIPP LA | ||||||||
| 445 SOUTH FIGUEROA STREET SUITE 25 | LOS ANGELES | CA | 90071 | NONE | PC | EDUCATION | $4,425,417 | |
| KIPP ST LOUIS | ||||||||
| 1310 PAPIN STREET | ST LOUIS | MO | 63103 | NONE | PC | EDUCATION | $100,000 | |
| LOS ANGELES PARKS FOUNDATION | ||||||||
| 11973 SAN VICENTE BOULEVARD 200 | LOS ANGELES | CA | 90049 | NONE | PC | ENVIRONMENTAL QUALITY/PROTECTION/BEAUTIFICATION | $5,000 | |
| LOS ANGELES COUNTY MUSEUM OF ART | ||||||||
| 5905 WILSHIRE BOULEVARD | LOS ANGELES | CA | 90036 | NONE | PC | ARTS | $23,000 | |
| LOS ANGELES MUSEUM OF THE HOLOCAUST | ||||||||
| 100 THE GROVE DRIVE | LOS ANGELES | CA | 90036 | NONE | PC | ARTS/CULTURE/HUMANITIES | $2,500 | |
| LEADERSHIP FOR EDUCATION EQUITY | ||||||||
| 1805 7TH ST NW FL 6 | WASHINGTON | DC | 90036 | NONE | PC | PHILANTHROPIC ACTIVITY | $250,000 | |
| LIBRARY FOUNDATION OF LOS ANGELES | ||||||||
| 630 W 5TH STREET | LOS ANGELES | CA | 90071 | NONE | PC | EDUCATION | $25,000 | |
| LOS ANGELES POLICE FOUNDATION | ||||||||
| 633 W 5TH STREET SUITE 960 | LOS ANGELES | CA | 90071 | NONE | PC | PHILANTHROPIC ACTIVITY | $5,000 | |
| LOS ANGELES TEAM MENTORING | ||||||||
| 714 WEST OLYMPIC BOULEVARD SUITE 9 | LOS ANGELES | CA | 90015 | NONE | PC | YOUTH DEVELOPMENT | $15,000 | |
| MAKE A WISH | ||||||||
| 1702 E HIGHLAND AVENUE 400 | PHOENIX | AZ | 85016 | NONE | PC | PHILANTHROPIC ACTIVITY | $20,000 | |
| MAYOR'S FUND FOR LOS ANGELES | ||||||||
| 200 N SPRING STREET STE 305 | LOS ANGELES | CA | 90012 | NONE | PC | PHILANTHROPIC ACTIVITY | $250,000 | |
| MIROWITZ JEWISH COMMUNITY SCHOOL | ||||||||
| 348 SOTUH MASON ROAD | TOWN AND COUNTRY | MO | 63141 | NONE | PC | EDUCATION | $18,000 | |
| MONTECITO FIREFIGHTERS ASSOCIATION | ||||||||
| 595 SAN YSIDRO RD | SANTA BARBARA | CA | 93108 | NONE | PC | FIRE PREVENTION | $20,000 | |
| NAVY SEAL FOUNDATION | ||||||||
| 1619 D STREET | VIRGINIA BEACH | VA | 23459 | NONE | PC | PHILANTHROPIC ACTIVITY | $100,000 | |
| NO KID HUNGRY | ||||||||
| 1030 15TH ST NW SUITE 1100W | WASHINGTON | DC | 20005 | NONE | PC | HUNGER | $20,000 | |
| NEW YORK PUBLIC RADIO | ||||||||
| 160 VARICK STREET | NEW YORK | NY | 10013 | NONE | PC | PUBLIC RADIO | $2,500 | |
| PARTNERSHIP FOR LOS ANGELES SCHOOLS | ||||||||
| 1055 WILSHIRE BLVD SUITE 1850 | LOS ANGELES | CA | 90017 | NONE | PC | EDUCATION | $5,000 | |
| PLANNED PARENTHOOD | ||||||||
| 123 WILLIAM STREET | NEW YORK | NY | 10038 | NONE | PC | HEALTH | $5,000 | |
| RETT SYNDROME RESEARCH TRUST | ||||||||
| 67 UNDER CLIFF ROAD | TRUMBILL | CA | 06611 | NONE | PC | HEALTH | $2,500 | |
| RIGHT TO PLAY | ||||||||
| 134 WEST 26TH STREET SUITE 404 | NEW YORK | NY | 10001 | NONE | PC | HEALTH | $10,000 | |
| SFER ACTION NETWORK | ||||||||
| 21 WEST 46TH STREET NO ST 1102 | NEW YORK | NY | 10036 | NONE | PC | EDUCATION | $20,000 | |
| SHELTER PARTNERSHIP | ||||||||
| 523 WEST 6TH STREET SUITE 616 | LOS ANGELES | CA | 90014 | NONE | PC | PHILANTHROPIC ACTIVITY | $10,000 | |
| SHINING HOPE FOR COMMUNITIES | ||||||||
| 175 VARICK STREET 5TH FL | NEW YORK | NY | 10014 | NONE | PC | PHILANTHROPIC ACTIVITY | $10,000 | |
| SILVERLAKE CONSERVATORY | ||||||||
| 3920 W SUNSET BLVD | LOS ANGELES | CA | 90029 | NONE | PC | ARTS | $5,000 | |
| SITEMAN CANCER CENTER | ||||||||
| WASHINGTON UNIVERSITY CAMPUS BOX 1 | ST LOUIS | MO | 63105 | NONE | PC | HEALTH | $10,000 | 7425 FORSYTH BOULEVARD |
| SKIRBALL CULTURAL CENTER | ||||||||
| 2701 NORTH SEPULVEDA BOULEVARD | LOS ANGELES | CA | 90049 | NONE | PC | ARTS/CULTURE/HUMANITIES | $10,000 | |
| SMITHSONIAN INSTITUTION | ||||||||
| 600 MARYLAND AVE SW | WASHINGTON | DC | 20002 | NONE | PC | ARTS/CULTURE/HUMANITIES | $5,000 | |
| SPARK LOS ANGELES | ||||||||
| 145 S SPRING STREET SUITE 410 | LOS ANGELES | CA | 90012 | NONE | PC | EDUCATION | $2,608 | |
| SPEAK UP FOUNDATION | ||||||||
| 200 S BARRINGTON AVE UNIT 49771 | LOS ANGELES | CA | 90049 | NONE | PC | EDUCATION | $25,000 | |
| SPELMAN COLLEGE | ||||||||
| 350 SPELMAN LN SW | ATLANTA | GA | 30314 | NONE | PC | EDUCATION | $750,000 | |
| ST SIMONS LAND TRUST INC | ||||||||
| PO BOX 24615 | ST SIMONS ISLAND | GA | 31522 | NONE | PC | ENVIRONMENTAL QUALITY/PROTECTION/BEAUTIFICATION | $2,500 | |
| STRIVE LA | ||||||||
| 9124 S MAIN STREET | LOS ANGELES | CA | 90003 | NONE | PC | EDUCATION | $15,000 | |
| TEACH FOR AMERICA | ||||||||
| 315 WEST 36TH STREET 7TH FLOOR | NEW YORK | NY | 10018 | NONE | PC | EDUCATION | $1,500,647 | |
| THE 74 MEDIA INC | ||||||||
| 222 BROADWAY FLOOR 19 | NEW YORK | NY | 10038 | NONE | PC | EDUCATION | $100,000 | |
| THE JEWISH FEDERATION OF GREATER LOS ANGELES | ||||||||
| 6505 WILSHIRE BOULEVARD | LOS ANGELES | CA | 90048 | NONE | PC | PHILANTHROPIC ACTIVITY | $60,000 | |
| THE JOHN THOMAS DYE SCHOOL | ||||||||
| 11414 CHALON ROAD | LOS ANGELES | CA | 90049 | NONE | PC | EDUCATION | $50,000 | |
| THE KNOWLEDGE HOUSE | ||||||||
| 1231 LAFAYETTE AVENUE | BRONX | NY | 10474 | NONE | PC | EMPLOYMENT TRAINING | $15,000 | |
| THE MIDNIGHT MISSION | ||||||||
| 601 SOUTH SAN PEDRO STREET | LOS ANGELES | CA | 90014 | NONE | PC | PHILANTHROPIC ACTIVITY | $5,000 | |
| THE MISSION CONTINUES | ||||||||
| 1141 SOUTH 7TH STREET | ST LOUIS | MO | 63104 | NONE | PC | PHILANTHROPIC ACTIVITY | $2,500 | |
| THE POSSE FOUNDATION | ||||||||
| 14 WALL STREET SUITE 8A-60 | NEW YORK | NY | 10005 | NONE | PC | PHILANTHROPIC ACTIVITY | $2,500 | |
| THE PRINCE OF WALES FOUNDATION | ||||||||
| 888 17TH ST NW STE 201 | WASHINGTON | DC | 20006 | NONE | PC | PHILANTHROPIC ACTIVITY | $500,000 | |
| TIA'S HOPE | ||||||||
| 149 S BARRINGTON AVENUE | LOS ANGELES | CA | 90049 | NONE | PC | PHILANTHROPIC ACTIVITY | $5,000 | PO BOX 828 |
| TOURETTE SYNDROM ASSOCIATION | ||||||||
| 42-40 BELL BOULEVARD | BAYSIDE | NY | 11361 | NONE | PC | HEALTH | $25,000 | |
| UCLA FOUNDATION | ||||||||
| 10920 WILSHIRE BOULEVARD SUITE 900 | LOS ANGELES | CA | 90024 | NONE | PC | EDUCATION | $10,000 | |
| UJA FEDERATION OF NEW YORK | ||||||||
| 130 EAST 59TH STREET | NEW YORK | NY | 10022 | NONE | PC | PHILANTHROPIC ACTIVITY | $10,000 | |
| UNITED WAY OF GREATER LOS ANGELES | ||||||||
| 1150 S OLIVE STREET | LOS ANGELES | CA | 90015 | NONE | PC | PHILANTHROPIC ACTIVITY | $50,000 | |
| UNIVERSITY OF PENNSYLVANIA | ||||||||
| 3451 WALNUT STREET | PHILADELPHIA | CA | 19104 | NONE | PC | EDUCATION | $500,000 | |
| UNIVERSITY OF VIRGINIA LAW SCHOOL FOUNDATION | ||||||||
| 580 MASSIE ROAD | CHARLOTTESVILLE | VA | 22903 | NONE | PC | EDUCATION | $3,100,000 | |
| UNIVERSITY HERITAGE SOCIETY | ||||||||
| 557 FENLON BLVD | CLIFTON | NJ | 07014 | NONE | PC | PHILANTHROPIC ACTIVITY | $2,500 | |
| WARRIORS COMMUNITY FOUNDATION | ||||||||
| 1011 BROADWAY | OAKLAND | CA | 94607 | NONE | PC | PHILANTHROPIC ACTIVITY | $35,000 | |
| WEILL CORNELL MEDICAL COLLEGE | ||||||||
| 407 E 61ST STREET | NEW YORK | NY | 10065 | NONE | PC | HEALTH/EDUCATION | $25,000 | |
| WVU FOUNDATION INC | ||||||||
| ONE WATERFRONT PLACE 7TH FL | MORGANTOWN | WV | 26507 | NONE | PC | EDUCATION | $1,000,000 | PO BOX 1650 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $20,123,172 | 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 |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,192,164 | 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) |
|---|---|---|
| Business | 523000 | BusinessCd |
| Unrelated Business Taxbl Incm | $2,924,514 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $8,112,551 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp (5 entries)
| DescDesc | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|---|---|
| PARTNERSHIP INCOME FROM K-1S | 523000 | -$624,259 | 41 | $15,583,502 |
| OAKTREE HIGH YIELD PLUS (CAYMAN) FD CL A | 41 | -$18,200 | ||
| OAKTREE HIGH YIELD PLUS (CAYMAN) FD CL B | 41 | -$3,057 | ||
| TRYPERION MANAGEMENT FEES | 41 | $121,541 | ||
| OTHER PARTNERSHIP INCOME | 41 | -$28,142 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $2,300,255 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $24,960,359 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $27,260,614 | 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 | BRUCE AND MARTHA KARSH | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1201 TOWER GROVE DRIVE | AddressLine1Txt |
| City | BEVERLY HILLS | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90210 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $31,724,700 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | 350,000 SHS DIGI INTERNATIONAL (DGII), 5,000 SHS NETFLIX (NFLX), 200,000 SHS VISHAY INTERTECHNOLOGY | NoncashPropertyDesc |
| Fair Market Value | $31,724,700 | FairMarketValueAmt |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $180,735 | Amt |
| Net Investment Income | $90,368 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $90,367 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Distribution From Corpus Election DistributionFromCorpusElection
| Field | Value | IRS element (for citing) |
|---|---|---|
| Election | Pursuant to IRC 4942(h)(2) and Treas. Reg. 53.4942(a)-3(c)(2)(iv), THE KARSH FAMILY FOUNDATION hereby elects to treat as distributions from corpus amounts previously reported as excess distributions carryover. This distribution was treated under Treas. Reg. 53.4942(a)-3(d)(1)(iii). The total distributions from previous excess distributions is $31,724,700, representing total cash and non-cash contributions received during the year ended June 30, 2018, as follows: From 2012 - $6,032,229 From 2013 - $12,293,903 From 2014 - $12,345,208 From 2015 - $1,053,360 _____________ Total $31,724,700 ________________________________ By: Bruce A. Karsh Foundation Manager | ElectionDesc |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | CONDUIT ELECTION | IdentifierTxt |
| Form And Line Reference | Form 990-PF, Part XIII IRC 170(b)(1)(F)(ii) | FormAndLineReferenceDesc |
| Medium Explanation | Pursuant to IRC 170(b)(1)(F)(ii), the Karsh Family Foundation hereby elects to make qualifying distributions, as defined in section 4942(g), without regard to paragraph (3) thereof, which are treated, after the application of section 4942(g)(3), as distributions out of corpus, in accordance with section 4942(h), in an amount equal to 100 percent of such contributions. For the year ended June 30, 2018, the foundation received contributions in the amount of $31,724,700, with the resulting qualifying distributions being made out of corpus, as follows: From 2012 - $6,032,229 From 2013 - $12,293,903 From 2014 - $12,345,208 From 2015 - $1,053,360 _____________ Total $31,724,700 ________________________________ By: Bruce A. Karsh Foundation Manager ________________________________ By: Bruce A. Karsh Foundation Manager | MediumExplanationTxt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| STOCKS - BOOK COST | $62,277,764 | $62,277,764 |
| STOCKS - MARKET VALUE ADJ. | $15,924,207 | $15,924,207 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (3 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| INVESTMENTS IN PARTNERSHIPS | FMV | $91,903,419 | $91,903,419 |
| ALTERNATIVE INVESTMENTS | FMV | $406,441 | $406,441 |
| OTHER INVESTMENTS | FMV | $0 | $0 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $6,718 | LegalFeesAmt |
| Net Investment Income | $3,359 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $3,359 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| BANK SERVICE CHARGES | $317 | $317 | $0 |
| INVESTMENT FEES | $4,818 | $4,818 | $0 |
| MEALS AND ENTERTAINMENT | $4,639 | $0 | $4,639 |
| PARKING | $16 | $0 | $16 |
| PENALTIES | $2,924 | $0 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| PARTNERSHIP INCOME FROM K-1'S | $17,883,757 | -$380,173 |
| ALTERNATIVE INVESTMENTS | -$21,257 | -$1,135 |
| OTHER INCOME - OAKTREE CAPITAL GROUP | $0 | -$41,943 |
| TRYPERION MANAGEMENT FEES | $121,541 | $121,541 |
| OTHER PARTNERSHIP INCOME | -$28,142 | $0 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (3 entries)
| DescDesc | AmtAmt |
|---|---|
| UNREALIZED GAIN | $947,827 |
| PY UNREALIZED GAIN ADJUSTMENT | $15,338 |
| ROUNDING | $3 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (4 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| DEFERRED FEDERAL EXCISE TAX | $933,462 | $1,512,139 |
| FEDERAL EXCISE TAX PAYABLE | $64,866 | $0 |
| STATE TAXES PAYABLE | $310 | $310 |
| ACCRUED MANAGEMENT FEE DISCOUNT | $71,541 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FEDERAL EXCISE TAXES | $1,160,034 | $0 | $0 |
| FOREIGN TAXES | $3,986 | $3,986 | $0 |
| STATE TAXES | $135,939 | $7,678 | $310 |
| OTHER TAXES | $376 | $376 | $0 |
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