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PATTERSON FAMILY FOUNDATION: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
PATTERSON FAMILY FOUNDATION (EIN 35-6975288)
Tax period
2018-01-01 to 2018-12-31
Filed
2019-10-08
IRS object ID
201942819349100704
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)
Return2019-10-08T11:03:16-05:00ReturnTs
Tax Period End2018-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN134125221PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PEYSER & ALEXANDER MGMT INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1500 5TH AVE 43RD FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP101104400ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2018-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN356975288EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE PATTERSON FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPATTBusinessNameControlTxt
Phone2127646455PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O 500 FIFTH AVE 43 FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10110ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJAMES B PATTERSONPersonNm
Person TitleMANAGERPersonTitleTxt
Phone2127646455PhoneNum
Signature2019-10-08SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMARK WEISSPreparerPersonNm
PTINP00642536PTIN
Phone2127646455PhoneNum
Preparation2019-10-08PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address38.88.194.2IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-10-08IPDt
IP Tm11:03:16IPTm
IP TimezoneCDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdF88AC1B9A6791B6337514B1E8B0F962441256418AtSubmissionCreationDeviceId
At Submission Filing Device Id833F1C719016108ED22A2084B72F845119EA5E0DAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2020-01-14 16:20:31ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$23,288,334FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$11,262InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$11,262InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$622,094DividendsRevAndExpnssAmt
Dividends Net Invst Incm$622,094DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$300,600NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$4,013,133GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$300,600CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$933,956TotalRevAndExpnssAmt
Total Net Invst Incm$933,956TotalNetInvstIncmAmt
Other Prof Fees Rev And Expnss$76,237OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$76,237OtherProfFeesNetInvstIncmAmt
Trav Conf Meeting Rev And Expnss$2,125TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Dsbrs Chrtbl$2,125TravConfMeetingDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$78,362TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$76,237TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$2,125TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$5,741,250ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$5,741,250ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$5,819,612TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$76,237TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$5,743,375TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$4,885,656ExcessRevenueOverExpensesAmt
Net Investment Income$857,719NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$2,814,307CashBOYAmt
Cash EOY$3,249,517CashEOYAmt
Cash EOYFMV$3,249,517CashEOYFMVAmt
US Government Obligations EOY$499,146USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$499,350USGovtObligationsEOYFMVAmt
Corporate Stock BOY$22,284,130CorporateStockBOYAmt
Corporate Stock EOY$11,539,131CorporateStockEOYAmt
Corporate Stock EOYFMV$11,141,082CorporateStockEOYFMVAmt
Corporate Bonds EOY$8,592,096CorporateBondsEOYAmt
Corporate Bonds EOYFMV$8,398,385CorporateBondsEOYFMVAmt
Total Assets BOY$25,098,437TotalAssetsBOYAmt
Total Assets EOY$23,879,890TotalAssetsEOYAmt
Total Assets EOYFMV$23,288,334TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$25,098,437RetainedEarningBOYAmt
Retained Earning EOY$23,879,890RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$25,098,437TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$23,879,890TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$25,098,437TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$23,879,890TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$25,098,437TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$4,885,656ExcessRevenueOverExpensesAmt
Other Increases$3,667,109OtherIncreasesAmt
Subtotal$23,879,890SubtotalAmt
Tot Net Ast Or Fund Balances EOY$23,879,890TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
THROUGH JP MORGAN-SEE ATTACHEDP2017-01-012018-12-31$3,882,232$3,627,533$254,699$254,699
THROUGH JP MORGAN-SEE ATTACHEDP2018-01-012018-12-31$116,794$85,000$31,794$31,794
FieldValueIRS element (for citing)
Capital Gain Net Income$300,600CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$31,794NetShortTermCapitalGainLossAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$12,573,912AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$27,436,840NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.458286DistributionYr1Rt
Adjusted Qlfy Distri Yr2$14,131,484AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$23,488,064NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.601645DistributionYr2Rt
Adjusted Qlfy Distri Yr3$12,341,723AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$18,572,095NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.664530DistributionYr3Rt
Adjusted Qlfy Distri Yr4$2,942,546AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$11,336,273NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.259569DistributionYr4Rt
Adjusted Qlfy Distri Yr5$2,226,818AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$1,392,547NetVlNoncharitableAssetsYr5Amt
Distribution Yr51.599097DistributionYr5Rt
Total Distribution3.583127TotalDistributionRt
Average Distribution0.716625AverageDistributionRt
Net Vl Noncharitable Assets$26,317,292NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$18,859,629AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$8,577NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$18,868,206AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$5,743,375QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$17,154InvestmentIncomeExciseTaxAmt
Subtotal$17,154SubtotalAmt
Tax Based On Investment Income$17,154TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$123,907EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$123,907TotalPaymentsAndCreditsAmt
Overpayment$106,753OverpaymentAmt
Applied To ES Tax$106,753AppliedToESTaxAmt

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 StateFLOrgReportOrRegisterStateCd
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 AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1PEYSER AND ALEXANDER MANAGEMENT INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2127646455PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1500 FIFTH AVE 4300AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10110ZIPCd
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
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
JAMES B PATTERSON
C/O PEYSER 500 FIFTH AVE STE 4300NEW YORKNY10110MANAGER1.00$0$0$0
SUSAN SOLIE PATTERSON
C/O PEYSER 500 FIFTH AVE STE 4300NEW YORKNY10110TRUSTEE1.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$23,686,151AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$3,031,912AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$26,718,063TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$26,718,063AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$400,771CashDeemedCharitableAmt
Net Vl Noncharitable Assets$26,317,292NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,315,865MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,315,865MinimumInvestmentReturnAmt
Tax Based On Investment Income$17,154TaxBasedOnInvestmentIncomeAmt
Total Tax$17,154TotalTaxAmt
Distributable Before Adj$1,298,711DistributableBeforeAdjAmt
Distributable Before Ded$1,298,711DistributableBeforeDedAmt
Distributable As Adjusted$1,298,711DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$5,743,375ExpensesAndContributionsAmt
Qualifying Distributions$5,743,375QualifyingDistributionsAmt
Adjusted Qualifying Distri$5,743,375AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,298,711DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$2,175,357ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$2,457,088ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$11,608,585ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$13,030,819ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$11,304,211ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$40,576,060TotalExcessDistributionCyovAmt
Qualifying Distributions$5,743,375QualifyingDistributionsAmt
Applied To Current Year$1,298,711AppliedToCurrentYearAmt
Remaining Distri From Corpus$4,444,664RemainingDistriFromCorpusAmt
Total Corpus$45,020,724TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$2,175,357ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$42,845,367ExcessDistriCyovToNextYrAmt
Excess From Year4$2,457,088ExcessFromYear4Amt
Excess From Year3$11,608,585ExcessFromYear3Amt
Excess From Year2$13,030,819ExcessFromYear2Amt
Excess From Year1$11,304,211ExcessFromYear1Amt
Excess From Current Year$4,444,664ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonVARIOUSRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1SEE ATTACHED LISTAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10110ZIPCd
FieldValueIRS element (for citing)
Grant Or Contribution PurposeCHARITABLEGrantOrContributionPurposeTxt
Amt$5,741,250Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$5,741,250TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$11,262ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$622,094ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$300,600ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$933,956ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$933,956TotalIncomeProducingActyAmt

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

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondINVESTMENT IN CORPORATE BONDSBondNm
EOY Book Value$8,592,096EOYBookValueAmt
EOYFMV$8,398,385EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockINVESTMENT IN SECURITYStockNm
EOY Book Value$11,539,131EOYBookValueAmt
EOYFMV$11,141,082EOYFMVAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescUNREALIZED GAINDesc
Amt$3,667,109Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT ADVISORY FEESCategoryTxt
Amt$76,237Amt
Net Investment Income$76,237NetInvestmentIncomeAmt

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