2019-05-13T16:44:56-05:00 2018-06-30 HOLTHOUSE CARLIN & VAN TRIGT LLP 355 S GRAND AVENUE STE 1710 LOS ANGELES CA 900711532 990PF 2017-07-01 137147287 THE KARSH FAMILY FOUNDATION % THE KARSH FAMILY FOUNDATION KARS 2138306402 1201 TOWER GROVE DRIVE BEVERLY HILLS CA 90210 BRUCE A KARSH TRUSTEE 2138306402 2019-05-09 true CHARLENE W GREENE P00851898 2136838790 172.250.74.65 96719820191335000001 2019-05-13 P 31342C62D679FD714854A9CE3C552836F4B2075B 49703B2D34EB3390ECFF8DFC7CF83E9B3C0EB30D 2017 2019-02-21 02:37:17Z X 194281082 X 31724700 1192164 997846 8112551 21745283 19562480 17955899 -301710 58985314 20258616 0 6718 3359 0 3359 180735 90368 0 90367 1300335 12040 310 2281 0 2281 12714 5135 4655 1502783 110902 0 100972 20123172 20123172 21625955 110902 0 20224144 37359359 20147714 23216686 22572541 22572541 7478 9604 7478 7478 266405 1189232 1189232 57224137 78201971 78201971 74799270 92309860 92309860 155516102 194281082 194281082 0 185 1070179 1512449 1070179 1512634 X 154445921 192768448 154445921 192768448 155516100 194281082 154445921 37359359 963168 192768448 192768448 SALE OF STOCK - PUBLICLY TRADED D 20672283 8009307 12662976 12662976 LOSS ON CONVERTIBLE NOTES P 0 512432 -512432 -512432 19562480 false 16630528 149287712 0.111399 16650713 139628851 0.11925 19311414 142739942 0.135291 17710596 122138439 0.145004 9910663 80531405 0.123066 0.63401 0.126802 179631731 22777663 201477 22979140 20224144 402954 402954 402954 433544 200000 633544 X 1335 229255 229255 false false false false false true true false true true CA true false false false false true THE KARSH FAMILY FOUNDATION 2138306402 1201 TOWER GROVE DRIVE BEVERLY HILLS CA 90210 false false false false false false false false false true false false false false false false false false false false false 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 DREYER ROBBINS & ASSOCIATES 355 S GRAND AVENUE SUITE 1710 LOS ANGELES CA 90071 ACCOUNTING 180735 PROVIDING GRANTS TO QUALIFIED CHARITABLE ORGANIZATIONS 20224144 NOT APPLICABLE 70326202 19731178 92309860 182367240 0 182367240 2735509 179631731 8981587 8981587 402954 402954 8578633 8578633 8578633 20224144 0 0 0 0 20224144 20224144 8578633 0 2015 2014 2013 0 6032229 12293903 12345208 9882198 9497801 50051339 20224144 0 8578633 11645511 61696850 0 0 0 0 31724700 29972150 0 0 8828838 9497801 11502797 BRUCE A KARSH MARTHA L KARSH BRUCE A KARSH MARTHA L KARSH X A COMMUNITY OF FRIENDS 3701 WILSHIRE BLVD 700 LOS ANGELES CA 90010 NONE PC PHILANTHROPIC ACTIVITY 10000 ALEPH INSTITUTE 9540 COLLINS AVENUE SURFSIDE FL 33154 NONE PC EDUCATION/FAMILY SERVICES 2000 ALLIANCE FOR COLLEGE-READY PUBLIC SCHOOLS 601 S FIGUEROA STREET 4TH FLOOR LOS ANGELES CA 90017 NONE PC EDUCATION 25000 ALZHEIMER'S GREATER LOS ANGELES 4221 WILSHIRE BOULEVARD 400 LOS ANGELES CA 90010 NONE PC HEALTH 5000 AMERICAN BALLET THEATRE 890 BROADWAY 3RD FLOOR NEW YORK NY 10003 NONE PC ARTS 10000 AMERICAN FRIENDS OF HEBREW UNIVERSITY ONE BATTERY PARK PLAZA 25TH FLOOR NEW YORK NY 10004 NONE PC EDUCATION 10000 AMERICAN JEWISH COMMITEE 165 EAST 56TH STREET NEW YORK NY 10022 NONE PC ADVOCACY 15000 BABY2BABY 6435 WILSHIRE BOULEVARD LOS ANGELES CA 90048 NONE PC PHILANTHROPIC ACTIVITY 3000 BEIT T'SHUVAH 8831 VENICE BOULEVARD LOS ANGELES CA 90036 NONE PC PHILANTHROPIC ACTIVITY 5000 BET TZEDEK 145 SOUTH FAIRFAX AVENUE SUITE 200 LOS ANGELES CA 90036 NONE PC PHILANTHROPIC ACTIVITY 10000 CALIFORNIA CHARTER SCHOOLS ASSOCIATION 250 EAST 1ST STREET SUITE 1000 LOS ANGELES CA 90012 NONE PC EDUCATION 200000 CALIFORNIA FIRE FOUNDATION 1780 CREEKSIDE OAKS DR STE 200 SACRAMENTO CA 95833 NONE PC FIRE PREVENTION 20000 CASA LA 201 CENTRE PLAZA DRIVE SUITE 1100 MONTEREY PARK CA 91754 NONE PC HEALTH 5000 CHAI LIFELINE 151 WEST 30TH STREET N 30TH FL NEW YORK NY 10001 NONE PC HEALTH 5000 CHARTER FUND INC DBA CHARTER SCHOOL GROWTH FUND 10901 WEST 120TH AVENUE SUITE 450 BROOMFIELD CO 80021 NONE PC EDUCATION 1000000 CRIM FITNESS FOUNDATION 452 SAGINAW ST FLINT MI 48502 NONE PC HEALTH 11000 DREAM 1991 SECOND AVENUE NO 2ND FL NEW YORK NY 10029 NONE PC PHILANTHROPIC ACTIVITY 10000 DUKE UNIVERSITY PO BOX 90581 DURHAM NC 277080397 NONE PC EDUCATION 3180000 EMILY KRZYZEWSKI CENTER 904 W CHAPEL HILL ST DURHAM NC 27701 NONE PC EDUCATION 10000 FOCUSING PHILANTHROPY 1637 16TH STREET SANTA MONICA CA 90404 NONE PC PHILANTHROPIC ACTIVITY 25000 FRIENDS OF ISRAELI DEFENSE FUND 60 EAST 42ND STREET NEW YORK NY 10165 NONE PC PHILANTHROPIC ACTIVITY 15000 HAWAI'I COMMUNITY FOUNDATION 827 FORT STREET MALL HONOLULU HI 96813 NONE PC KUKIO COMMUNITY FUND 5000 HOMEBOY INDUSTRIES 130 W BRUNO STREET LOS ANGELES CA 900121815 NONE PC PHILANTHROPIC ACTIVITY 100000 HUALALAI OHANA FOUNDATION PO BOX 5227 KAILUAKONA HI 96745 NONE PC PHILANTHROPIC ACTIVITY 2500 HUMAN RIGHTS FIRST 75 BROAD STREET 31ST FLOOR NEW YORK NY 10004 NONE PC PHILANTHROPIC ACTIVITY 25000 INTERNATIONAL MEDICAL CORPS 1919 SANTA MONICA BOULEVARD SUITE SANTA MONICA CA 90404 NONE PC HEALTH 10000 JEWISH COMMUNITY CENTER OF ST LOUIS 2 MILLSTONE CAMPUS DRIVE ST LOUIS MO 631465796 NONE PC PHILANTHROPIC ACTIVITY 200000 JEWISH FREE LOAN 3443 N CENTRAL AVE STE 707 PHOENIX AZ 85012 NONE PC PHILANTHROPIC ACTIVITY 5000 JUMP START 1625 OLYMPIC BLVD STE 1050 LOS ANGELES CA 90015 NONE PC EDUCATION 2500 KCRW FOUNDATION 1900 PICO BLVD SANTA MONICA CA 90405 NONE PC PUBLIC RADIO 10000 KIPP FOUNDATION 135 MAIN STREET SUITE 1700 SAN FRANCISCO CA 94105 NONE PC EDUCATION 2000000 KIPP HOUSTON 10711 KIPP WAY DRIVE HOUSTON TX 77099 NONE PC EDUCATION 20000 KIPP LA 445 SOUTH FIGUEROA STREET SUITE 25 LOS ANGELES CA 90071 NONE PC EDUCATION 4425417 KIPP ST LOUIS 1310 PAPIN STREET ST LOUIS MO 63103 NONE PC EDUCATION 100000 LOS ANGELES PARKS FOUNDATION 11973 SAN VICENTE BOULEVARD 200 LOS ANGELES CA 90049 NONE PC ENVIRONMENTAL QUALITY/PROTECTION/BEAUTIFICATION 5000 LOS ANGELES COUNTY MUSEUM OF ART 5905 WILSHIRE BOULEVARD LOS ANGELES CA 90036 NONE PC ARTS 23000 LOS ANGELES MUSEUM OF THE HOLOCAUST 100 THE GROVE DRIVE LOS ANGELES CA 90036 NONE PC ARTS/CULTURE/HUMANITIES 2500 LEADERSHIP FOR EDUCATION EQUITY 1805 7TH ST NW FL 6 WASHINGTON DC 90036 NONE PC PHILANTHROPIC ACTIVITY 250000 LIBRARY FOUNDATION OF LOS ANGELES 630 W 5TH STREET LOS ANGELES CA 90071 NONE PC EDUCATION 25000 LOS ANGELES POLICE FOUNDATION 633 W 5TH STREET SUITE 960 LOS ANGELES CA 90071 NONE PC PHILANTHROPIC ACTIVITY 5000 LOS ANGELES TEAM MENTORING 714 WEST OLYMPIC BOULEVARD SUITE 9 LOS ANGELES CA 90015 NONE PC YOUTH DEVELOPMENT 15000 MAKE A WISH 1702 E HIGHLAND AVENUE 400 PHOENIX AZ 85016 NONE PC PHILANTHROPIC ACTIVITY 20000 MAYOR'S FUND FOR LOS ANGELES 200 N SPRING STREET STE 305 LOS ANGELES CA 90012 NONE PC PHILANTHROPIC ACTIVITY 250000 MIROWITZ JEWISH COMMUNITY SCHOOL 348 SOTUH MASON ROAD TOWN AND COUNTRY MO 63141 NONE PC EDUCATION 18000 MONTECITO FIREFIGHTERS ASSOCIATION 595 SAN YSIDRO RD SANTA BARBARA CA 93108 NONE PC FIRE PREVENTION 20000 NAVY SEAL FOUNDATION 1619 D STREET VIRGINIA BEACH VA 23459 NONE PC PHILANTHROPIC ACTIVITY 100000 NO KID HUNGRY 1030 15TH ST NW SUITE 1100W WASHINGTON DC 20005 NONE PC HUNGER 20000 NEW YORK PUBLIC RADIO 160 VARICK STREET NEW YORK NY 10013 NONE PC PUBLIC RADIO 2500 PARTNERSHIP FOR LOS ANGELES SCHOOLS 1055 WILSHIRE BLVD SUITE 1850 LOS ANGELES CA 90017 NONE PC EDUCATION 5000 PLANNED PARENTHOOD 123 WILLIAM STREET NEW YORK NY 10038 NONE PC HEALTH 5000 RETT SYNDROME RESEARCH TRUST 67 UNDER CLIFF ROAD TRUMBILL CA 06611 NONE PC HEALTH 2500 RIGHT TO PLAY 134 WEST 26TH STREET SUITE 404 NEW YORK NY 10001 NONE PC HEALTH 10000 SFER ACTION NETWORK 21 WEST 46TH STREET NO ST 1102 NEW YORK NY 10036 NONE PC EDUCATION 20000 SHELTER PARTNERSHIP 523 WEST 6TH STREET SUITE 616 LOS ANGELES CA 90014 NONE PC PHILANTHROPIC ACTIVITY 10000 SHINING HOPE FOR COMMUNITIES 175 VARICK STREET 5TH FL NEW YORK NY 10014 NONE PC PHILANTHROPIC ACTIVITY 10000 SILVERLAKE CONSERVATORY 3920 W SUNSET BLVD LOS ANGELES CA 90029 NONE PC ARTS 5000 SITEMAN CANCER CENTER WASHINGTON UNIVERSITY CAMPUS BOX 1 7425 FORSYTH BOULEVARD ST LOUIS MO 63105 NONE PC HEALTH 10000 SKIRBALL CULTURAL CENTER 2701 NORTH SEPULVEDA BOULEVARD LOS ANGELES CA 90049 NONE PC ARTS/CULTURE/HUMANITIES 10000 SMITHSONIAN INSTITUTION 600 MARYLAND AVE SW WASHINGTON DC 20002 NONE PC ARTS/CULTURE/HUMANITIES 5000 SPARK LOS ANGELES 145 S SPRING STREET SUITE 410 LOS ANGELES CA 90012 NONE PC EDUCATION 2608 SPEAK UP FOUNDATION 200 S BARRINGTON AVE UNIT 49771 LOS ANGELES CA 90049 NONE PC EDUCATION 25000 SPELMAN COLLEGE 350 SPELMAN LN SW ATLANTA GA 30314 NONE PC EDUCATION 750000 ST SIMONS LAND TRUST INC PO BOX 24615 ST SIMONS ISLAND GA 31522 NONE PC ENVIRONMENTAL QUALITY/PROTECTION/BEAUTIFICATION 2500 STRIVE LA 9124 S MAIN STREET LOS ANGELES CA 90003 NONE PC EDUCATION 15000 TEACH FOR AMERICA 315 WEST 36TH STREET 7TH FLOOR NEW YORK NY 10018 NONE PC EDUCATION 1500647 THE 74 MEDIA INC 222 BROADWAY FLOOR 19 NEW YORK NY 10038 NONE PC EDUCATION 100000 THE JEWISH FEDERATION OF GREATER LOS ANGELES 6505 WILSHIRE BOULEVARD LOS ANGELES CA 90048 NONE PC PHILANTHROPIC ACTIVITY 60000 THE JOHN THOMAS DYE SCHOOL 11414 CHALON ROAD LOS ANGELES CA 90049 NONE PC EDUCATION 50000 THE KNOWLEDGE HOUSE 1231 LAFAYETTE AVENUE BRONX NY 10474 NONE PC EMPLOYMENT TRAINING 15000 THE MIDNIGHT MISSION 601 SOUTH SAN PEDRO STREET LOS ANGELES CA 90014 NONE PC PHILANTHROPIC ACTIVITY 5000 THE MISSION CONTINUES 1141 SOUTH 7TH STREET ST LOUIS MO 63104 NONE PC PHILANTHROPIC ACTIVITY 2500 THE POSSE FOUNDATION 14 WALL STREET SUITE 8A-60 NEW YORK NY 10005 NONE PC PHILANTHROPIC ACTIVITY 2500 THE PRINCE OF WALES FOUNDATION 888 17TH ST NW STE 201 WASHINGTON DC 20006 NONE PC PHILANTHROPIC ACTIVITY 500000 TIA'S HOPE 149 S BARRINGTON AVENUE PO BOX 828 LOS ANGELES CA 90049 NONE PC PHILANTHROPIC ACTIVITY 5000 TOURETTE SYNDROM ASSOCIATION 42-40 BELL BOULEVARD BAYSIDE NY 11361 NONE PC HEALTH 25000 UCLA FOUNDATION 10920 WILSHIRE BOULEVARD SUITE 900 LOS ANGELES CA 90024 NONE PC EDUCATION 10000 UJA FEDERATION OF NEW YORK 130 EAST 59TH STREET NEW YORK NY 10022 NONE PC PHILANTHROPIC ACTIVITY 10000 UNITED WAY OF GREATER LOS ANGELES 1150 S OLIVE STREET LOS ANGELES CA 90015 NONE PC PHILANTHROPIC ACTIVITY 50000 UNIVERSITY OF PENNSYLVANIA 3451 WALNUT STREET PHILADELPHIA CA 19104 NONE PC EDUCATION 500000 UNIVERSITY OF VIRGINIA LAW SCHOOL FOUNDATION 580 MASSIE ROAD CHARLOTTESVILLE VA 22903 NONE PC EDUCATION 3100000 UNIVERSITY HERITAGE SOCIETY 557 FENLON BLVD CLIFTON NJ 07014 NONE PC PHILANTHROPIC ACTIVITY 2500 WARRIORS COMMUNITY FOUNDATION 1011 BROADWAY OAKLAND CA 94607 NONE PC PHILANTHROPIC ACTIVITY 35000 WEILL CORNELL MEDICAL COLLEGE 407 E 61ST STREET NEW YORK NY 10065 NONE PC HEALTH/EDUCATION 25000 WVU FOUNDATION INC ONE WATERFRONT PLACE 7TH FL PO BOX 1650 MORGANTOWN WV 26507 NONE PC EDUCATION 1000000 20123172 14 1192164 523000 2924514 18 8112551 PARTNERSHIP INCOME FROM K-1S 523000 -624259 41 15583502 OAKTREE HIGH YIELD PLUS (CAYMAN) FD CL A 41 -18200 OAKTREE HIGH YIELD PLUS (CAYMAN) FD CL B 41 -3057 TRYPERION MANAGEMENT FEES 41 121541 OTHER PARTNERSHIP INCOME 41 -28142 2300255 24960359 27260614 false false false false false false false false false false X X 1 BRUCE AND MARTHA KARSH 1201 TOWER GROVE DRIVE BEVERLY HILLS CA 90210 31724700 X X 1 350,000 SHS DIGI INTERNATIONAL (DGII), 5,000 SHS NETFLIX (NFLX), 200,000 SHS VISHAY INTERTECHNOLOGY 31724700 ACCOUNTING FEES 180735 90368 90367 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 CONDUIT ELECTION Form 990-PF, Part XIII IRC 170(b)(1)(F)(ii) 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 STOCKS - BOOK COST 62277764 62277764 STOCKS - MARKET VALUE ADJ. 15924207 15924207 INVESTMENTS IN PARTNERSHIPS FMV 91903419 91903419 ALTERNATIVE INVESTMENTS FMV 406441 406441 OTHER INVESTMENTS FMV 0 0 LEGAL FEES 6718 3359 3359 BANK SERVICE CHARGES 317 317 0 INVESTMENT FEES 4818 4818 0 MEALS AND ENTERTAINMENT 4639 0 4639 PARKING 16 0 16 PENALTIES 2924 0 0 PARTNERSHIP INCOME FROM K-1'S 17883757 -380173 ALTERNATIVE INVESTMENTS -21257 -1135 OTHER INCOME - OAKTREE CAPITAL GROUP 0 -41943 TRYPERION MANAGEMENT FEES 121541 121541 OTHER PARTNERSHIP INCOME -28142 0 UNREALIZED GAIN 947827 PY UNREALIZED GAIN ADJUSTMENT 15338 ROUNDING 3 DEFERRED FEDERAL EXCISE TAX 933462 1512139 FEDERAL EXCISE TAX PAYABLE 64866 0 STATE TAXES PAYABLE 310 310 ACCRUED MANAGEMENT FEE DISCOUNT 71541 0 FEDERAL EXCISE TAXES 1160034 0 0 FOREIGN TAXES 3986 3986 0 STATE TAXES 135939 7678 310 OTHER TAXES 376 376 0