THE DOUG AND BETSEY SCHWAB AND FAMILY FOUNDATION INC: Form 990PF, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- THE DOUG AND BETSEY SCHWAB AND FAMILY FOUNDATION INC (EIN 20-0856943)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-05-13
- IRS object ID
- 201941339349102594
- Schema version
- 2018v3.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Depreciation Schedule
- Investments Corp Stock Schedule
- Liquidation Explanation Stmt
- Other Expenses Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-05-13T15:19:52-05:00 | ReturnTs |
| Tax Period End | 2018-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One Hollow Ln Ste 212 | AddressLine1Txt |
| City | Lake Success | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11042 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2018-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 200856943 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Doug and Betsey Schwab and Family | BusinessNameLine1Txt |
| Business Name Line2 | Foundation Inc | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Foundation Source | InCareOfNm |
| Business Name Control | DOUG | BusinessNameControlTxt |
| Phone | 8008391754 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Foundation Source 501 Silverside Rd | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ELIZABETH HURWITZ-SCHWAB | PersonNm |
| Person Title | President | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2019-04-29 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jeffrey D Haskell | PreparerPersonNm |
| PTIN | P01345770 | PTIN |
| Phone | 8008391754 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 47.20.178.41 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Federal Original Submission Id | 06391520191335000611 | FederalOriginalSubmissionId |
| Federal Original Submission Id | 2019-05-13 | FederalOriginalSubmissionIdDt |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 54CCAE8F7BC02385263C2CCCA723B6609AD4C170 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 8776116A3220F8F92B6869340FF540F084420A8B | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | 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 | $411,580 | 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 | $335,114 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $185 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $185 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $6,998 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $6,998 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $7,180 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $259,593 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $78,363 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $349,477 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $85,546 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $2,734 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $2,734 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $267 | TaxesRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $5,026 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $1 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $5,025 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $8,027 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $2,735 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $5,025 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $76,617 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $76,617 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $84,644 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $2,735 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $81,642 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $264,833 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $82,811 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $8,846 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $18,067 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $18,067 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $172,777 | CorporateStockBOYAmt |
| Corporate Stock EOY | $428,389 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $393,513 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $181,623 | TotalAssetsBOYAmt |
| Total Assets EOY | $446,456 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $411,580 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Retained Earning BOY | $181,623 | RetainedEarningBOYAmt |
| Retained Earning EOY | $446,456 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $181,623 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $446,456 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $181,623 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $446,456 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $181,623 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $264,833 | ExcessRevenueOverExpensesAmt |
| Subtotal | $446,456 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $446,456 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | Publicly-traded Securities | PropertyDesc |
| Gross Sales Price | $259,593 | GrossSalesPriceAmt |
| Cost Or Other Basis | $181,230 | CostOrOtherBasisAmt |
| Gain Or Loss | $78,363 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $78,363 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $78,363 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $107,794 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $240,777 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.447692 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $149,016 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $333,244 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.447168 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $161,312 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $509,518 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.316597 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $237,198 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $345,612 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.686313 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $75,727 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $410,855 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.184316 | DistributionYr5Rt |
| Total Distribution | 2.082086 | TotalDistributionRt |
| Average Distribution | 0.416417 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $325,181 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $135,411 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $828 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $136,239 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $81,642 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $1,656 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $1,656 | SubtotalAmt |
| Tax Based On Investment Income | $1,656 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $200 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $200 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Tax Due | $1,456 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | Yes (true) | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | DE | 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 | Foundation Source | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8008391754 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 501 Silverside Road Suite 123 | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 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 |
|---|---|---|---|---|---|---|---|---|
| Elizabeth J Hurwitz-Schwab | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Pres, Dir, Sec | 1.0 | $0 | $0 | $0 |
| Abraham Schwab | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | VP | 1.0 | $0 | $0 | $0 |
| Douglas Schwab | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, VP | 1.0 | $0 | $0 | $0 |
| Eli Schwab | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | VP | 1.0 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp | |
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $317,352 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $12,781 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $330,133 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $330,133 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $4,952 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $325,181 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $16,259 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $16,259 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $1,656 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $1,656 | TotalTaxAmt |
| Distributable Before Adj | $14,603 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $14,603 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $14,603 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $81,642 | 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 | $81,642 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $81,642 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $14,603 | DistributableAsAdjustedAmt |
| Prior Year1 | 2016 | PriorYear1Yr |
| Prior Year2 | 2015 | PriorYear2Yr |
| Prior Year3 | 2014 | PriorYear3Yr |
| Excess Distribution Cyov Yr5 | $56,158 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $221,737 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $136,130 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $132,438 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $96,089 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $642,552 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $81,642 | QualifyingDistributionsAmt |
| Applied To Current Year | $14,603 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $67,039 | RemainingDistriFromCorpusAmt |
| Total Corpus | $709,591 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $56,158 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $653,433 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $221,737 | ExcessFromYear4Amt |
| Excess From Year3 | $136,130 | ExcessFromYear3Amt |
| Excess From Year2 | $132,438 | ExcessFromYear2Amt |
| Excess From Year1 | $96,089 | ExcessFromYear1Amt |
| Excess From Current Year | $67,039 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Douglas Schwab | ContributingManagerNm |
| Contributing Manager | Elizabeth J Hurwitz-Schwab | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (24 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| ALLEGANY COUNTY BOARD OF EDUCATION | |||||||
| 108 WASHINGTON ST | Cumberland | MD | 21502 | N/A | GOV | Food and Nutrition Services Program | $5,617 |
| BOY SCOUTS OF AMERICA | |||||||
| 1275 BEDFORD AVE | PITTSBURGH | PA | 15219 | N/A | PC | 2018 Friends of Scouting Campaign - Board & Community contribution fund | $2,000 |
| BOY SCOUTS OF AMERICA | |||||||
| 1275 BEDFORD AVE | PITTSBURGH | PA | 15219 | N/A | PC | Friends of Scouting Campaign | $4,000 |
| BOY SCOUTS OF AMERICA | |||||||
| 1275 BEDFORD AVE | PITTSBURGH | PA | 15219 | N/A | PC | Friends of Scouting Campaign | $2,000 |
| BUILD INCORPORATED | |||||||
| 5100 W HARRISON ST | CHICAGO | IL | 60644 | N/A | PC | General & Unrestricted | $500 |
| CHICAGO COMMUNITY BOND FUND | |||||||
| 601 S CALIFORNIA AVE | CHICAGO | IL | 60612 | N/A | PC | General & Unrestricted | $1,000 |
| CHICAGO PUBLIC MEDIA INC | |||||||
| NAVY PIER 848 E GRAND AVE | CHICAGO | IL | 60611 | N/A | PC | General & Unrestricted | $1,000 |
| COUNTY UNITED WAY INC | |||||||
| 101 S CENTRE ST | CUMBERLAND | MD | 21502 | N/A | PC | 2019 Campaign | $10,000 |
| CUMBERLAND SUMMER THEATER | |||||||
| 101 N JOHNSON ST | CUMBERLAND | MD | 21502 | N/A | PC | General & Unrestricted | $1,000 |
| EVERGREEN HERITAGE CENTER FOUNDATION INC | |||||||
| 101 BRADDOCK HTS | FROSTBURG | MD | 21532 | N/A | PC | General & Unrestricted | $1,000 |
| FAMILY CRISIS RESOURCE CENTER INC | |||||||
| 146 BEDFORD ST | CUMBERLAND | MD | 21502 | N/A | PC | Circle of Friends Campaign | $10,000 |
| FROSTBURG STATE UNIVERSITY FOUNDATION | |||||||
| 101 BRADDOCK RD | FROSTBURG | MD | 21532 | N/A | PC | Maryland Symphony Orchestra Program | $1,000 |
| FUTURE TIES NFP | |||||||
| 3935 W 82ND ST | CHICAGO | IL | 60652 | N/A | PC | General & Unrestricted | $1,000 |
| GREATER CHICAGO FOOD DEPOSITORY | |||||||
| 4100 W ANN LURIE PL | CHICAGO | IL | 60632 | N/A | PC | General & Unrestricted | $1,000 |
| HELLO BABY NFP | |||||||
| 14 N PEORIA ST STE 2W | CHICAGO | IL | 60607 | N/A | PC | General & Unrestricted | $500 |
| INVISIBLE INSTITUTE | |||||||
| 6100 S BLACKSTONE AVE | CHICAGO | IL | 60637 | N/A | PC | General & Unrestricted | $1,000 |
| JANES PLACE INC | |||||||
| 26 GREENE ST | CUMBERLAND | MD | 21502 | N/A | PC | General & Unrestricted | $10,000 |
| NIGHT MINISTRY | |||||||
| 4711 N RAVENSWOOD AVE | CHICAGO | IL | 60640 | N/A | PC | General & Unrestricted | $500 |
| PHILADELPHIA UNIVERSITY | |||||||
| 4201 HENRY AVE | PHILADELPHIA | PA | 19144 | N/A | PC | Nexus Learning Hub fund | $10,000 |
| PRO PUBLICA INC | |||||||
| 155 AVE OF THE AMERICAS 13TH FL | NEW YORK | NY | 10013 | N/A | PC | ProPublica Illinois office fund | $1,000 |
| REFUGEE & IMMIGRANT CENTER FOR EDUCATION & LEGAL S | |||||||
| 5121 CRESTWAY RD STE 105 | WINDCREST | TX | 78239 | N/A | PC | General & Unrestricted | $1,000 |
| SOCIALWORKS | |||||||
| 12100 WILSHIRE BLVD STE 705 | LOS ANGELES | CA | 90025 | N/A | PC | General & Unrestricted | $1,000 |
| THRIVE CHICAGO NFP | |||||||
| 211 W WACKER DR | CHICAGO | IL | 60606 | N/A | PC | General & Unrestricted | $500 |
| WAMBA CHARITIES INC | |||||||
| PO BOX 432 | CUMBERLAND | MD | 21501 | N/A | PC | Charitable Event | $10,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $76,617 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $185 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $6,998 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Incm Part VII | OtherInvestmentIncmPartVIIGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $7,180 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $14,363 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $14,363 | 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 | Schwab Douglas | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 835 MacDonald Terrace | AddressLine1Txt |
| City | Cumberland | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21502 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $335,114 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp (19 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | AMERICAN ELECTRIC POWER INC AEP, 100 sh. | $6,918 | 2018-07-25 |
| 1 | BANK OF MONTREAL BMO, 200 sh. | $15,883 | 2018-07-25 |
| 1 | BRITISH AMERICAN TOBACCO PLC BTI, 136 sh. | $7,082 | 2018-07-25 |
| 1 | COSTCO WHOLESALE CORPORATION COST, 100 sh. | $21,910 | 2018-07-25 |
| 1 | CHEVRON CORP CVX, 100 sh. | $12,425 | 2018-07-25 |
| 1 | DARDEN RESTAURANTS INC DRI, 100 sh. | $10,827 | 2018-07-25 |
| 1 | EATON CORP PLC ETN, 100 sh. | $7,811 | 2018-07-25 |
| 1 | FOUR CORNERS PROPERTY TRUST INC FCPT, 98 sh. | $2,418 | 2018-07-25 |
| 1 | GENERAL MILLS INC GIS, 100 sh. | $4,331 | 2018-07-25 |
| 1 | GLAXOSMITHKLINE PLC GSK, 200 sh. | $8,183 | 2018-07-25 |
| 1 | HOME DEPOT INC HD, 100 sh. | $20,068 | 2018-07-25 |
| 1 | MICROCHIP TECHNOLOGY INC MCHP, 200 sh. | $18,462 | 2018-07-25 |
| 1 | ALTRIA GROUP INC MO, 200 sh. | $11,597 | 2018-07-25 |
| 1 | MERCK & CO INC MRK, 240 sh. | $15,352 | 2018-07-25 |
| 1 | NXP SEMICONDUCTORS NXPI, 1200 sh. | $117,492 | 2018-07-25 |
| 1 | INVESCO WATER RESOURCES ETF PHO, 500 sh. | $15,530 | 2018-07-25 |
| 1 | ROYAL DUTCH SHEL PLC SPONS ADR B RDS-B, 100 sh. | $7,295 | 2018-07-25 |
| 1 | VERIZON COMMUNICATIONS VZ, 200 sh. | $10,286 | 2018-07-25 |
| 1 | WEYERHAEUSER CO WY, 400 sh. | $13,826 | 2018-07-25 |
Depreciation Schedule DepreciationSchedule
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (13 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| INVESCO WATER RESOURCES ETF | $15,530 | $14,105 |
| ISHARES RUSSELL 2000 GROWTH IN | $5,073 | $5,040 |
| ISHARES S&P 500 GROWTH INDEX F | $17,162 | $17,327 |
| ISHARES TR S & P MIDCAP 400 IN | $7,365 | $8,303 |
| MATTHEWS ASIA PACIFIC EQUITY I | $26,798 | $26,344 |
| MATTHEWS JAPAN FUND | $11,690 | $11,038 |
| MERCK & CO INC | $15,352 | $18,338 |
| MORGAN STANLEY INSTITUTIONAL F | $104,399 | $92,471 |
| NXP SEMICONDUCTORS | $97,910 | $73,280 |
| PIMCO INCOME FUND P CLASS | $25,134 | $24,067 |
| SPDR S&P DIVIDEND ETF | $77,349 | $79,315 |
| VANGUARD FTSE EUROPEAN ETF | $14,341 | $12,641 |
| VERIZON COMMUNICATIONS | $10,286 | $11,244 |
Liquidation Explanation Stmt LiquidationExplanationStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | As 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 $76,617. This amount represents 25% or more of the Foundation's net assets of $210,142 (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 Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Administrative Fees | $5,000 | $5,000 | |
| Bank Charges | $1 | $1 | |
| State or Local Filing Fees | $25 | $25 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment Management Services | CategoryTxt |
| Amt | $2,734 | Amt |
| Net Investment Income | $2,734 | NetInvestmentIncomeAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt |
|---|---|
| 990-PF Estimated Tax for 2018 | $200 |
| 990-PF Extension for 2017 | $67 |
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