JAMES J PALLOTTA CHARITABLE TRUST: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- JAMES J PALLOTTA CHARITABLE TRUST (EIN 22-3208194)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-12
- IRS object ID
- 202533169349102333
- Schema version
- 2024v5.2
- 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
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-12T12:26:10-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERNST & YOUNG US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One Manhattan West | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10001 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 223208194 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | James J Pallotta Charitable Trust | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % LARRY LESTER | InCareOfNm |
| Business Name Control | JAME | BusinessNameControlTxt |
| Phone | 7816478160 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O Larry Lester 180 Ash Street | AddressLine1Txt |
| City | Weston | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 024931928 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JAMES PALLOTTA | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Phone | 7816478160 | PhoneNum |
| Signature | 2025-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JESSICA PERNA | PreparerPersonNm |
| PTIN | P00844664 | PTIN |
| Phone | 2127733000 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $5,852,290 | 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 | $1,554,815 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $17,684 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $17,684 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $30,932 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $30,932 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $470,107 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $3,220,323 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $470,107 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | -$50,630 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | -$278 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $2,022,908 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $518,445 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $9,708 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $9,708 | AccountingFeesChrtblPrpsAmt |
| Interest Rev And Expnss | $3,643 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $3,643 | InterestNetInvstIncmAmt |
| Taxes Rev And Expnss | $5,000 | TaxesRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $57,883 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $57,883 | OtherExpensesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $76,234 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $61,526 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $9,708 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,880,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,880,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,956,234 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $61,526 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,889,708 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $66,674 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $456,919 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $73,167 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $116,057 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $116,057 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $1,279,275 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $247,541 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $247,541 | USGovtObligationsEOYFMVAmt |
| Other Investments BOY | $4,907,496 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $5,488,692 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $5,488,692 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $6,259,938 | TotalAssetsBOYAmt |
| Total Assets EOY | $5,852,290 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $5,852,290 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $6,259,938 | RetainedEarningBOYAmt |
| Retained Earning EOY | $5,852,290 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $6,259,938 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $5,852,290 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $6,259,938 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $5,852,290 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $6,259,938 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $66,674 | ExcessRevenueOverExpensesAmt |
| Subtotal | $6,326,612 | SubtotalAmt |
| Other Decreases | $474,322 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $5,852,290 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (6 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|
| 30,000 SHARES PENN ENTERTAINMENT INC | D | 2024-07-26 | $588,704 | $481,314 | $107,390 | $107,390 |
| 6,066 SHARES RISKIFIED LTD | D | 2024-09-05 | $30,176 | $546 | $29,630 | $29,630 |
| 9,508 SHARES REDDIT INC | D | 2024-09-03 | $551,068 | $403,805 | $147,263 | $147,263 |
| 23,165 SHARES OSCAR HEALTH INC | D | 2024-03-01 | $380,650 | $194,826 | $185,824 | $185,824 |
| 1,439,418 SHARES BLACKROCK LIQUID FEDERAL TRUST FUND | P | 2024-12-31 | $1,439,418 | $1,439,418 | ||
| 230,316 SHARES BLACKROCK LIQUID FEDERAL TRUST FUND | P | 2024-12-31 | $230,316 | $230,316 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $470,107 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $6,351 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $6,351 | SubtotalAmt |
| Tax Based On Investment Income | $6,351 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $8,056 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $2,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $10,056 | TotalPaymentsAndCreditsAmt |
| Overpayment | $3,705 | OverpaymentAmt |
| Applied To ES Tax | $3,705 | 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 | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (true) | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LARRY LESTER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7816478160 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 180 ASH STREET | AddressLine1Txt |
| City | WESTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 024931928 | 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 | Yes (true) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| 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 (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 |
|---|---|---|---|---|---|---|---|---|
| JAMES J PALLOTTA | ||||||||
| 2068 NORTH BAY ROAD | MIAMI BEACH | FL | 33140 | TRUSTEE | 0 | $0 | $0 | $0 |
| KIMBERLY S PALLOTTA | ||||||||
| 2068 NORTH BAY ROAD | MIAMI BEACH | FL | 33140 | TRUSTEE | 0 | $0 | $0 | $0 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. IT'S PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS,OTHER ORGANIZATIONS EXEMPT UNDER IRC 501(C)(3) | Description1Txt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $720,744 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $4,900,458 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $5,621,202 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $5,621,202 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $84,318 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $5,536,884 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $276,844 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $276,844 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $6,351 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $6,351 | TotalTaxAmt |
| Distributable Before Adj | $270,493 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $270,493 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $270,493 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,889,708 | 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 | $1,889,708 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $270,493 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2022 | PriorYear1Yr |
| Prior Year2 | 2021 | PriorYear2Yr |
| Prior Year3 | 2020 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $0 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $2,015,889 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $4,186,703 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $1,457,691 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $1,695,180 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $9,355,463 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,889,708 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Current Year | $270,493 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $1,619,215 | RemainingDistriFromCorpusAmt |
| Total Corpus | $10,974,678 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $10,974,678 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $2,015,889 | ExcessFromYear4Amt |
| Excess From Year3 | $4,186,703 | ExcessFromYear3Amt |
| Excess From Year2 | $1,457,691 | ExcessFromYear2Amt |
| Excess From Year1 | $1,695,180 | ExcessFromYear1Amt |
| Excess From Current Year | $1,619,215 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | JAMES J PALLOTTA | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | JAMES J PALLOTTA | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2068 NORTH BAY ROAD | AddressLine1Txt |
| City | MIAMI BEACH | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33140 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 7816478160 | RecipientPhoneNum |
| Form And Info And Materials | WRITTEN REQUESTS MUST INCLUDE THE CHARITABLE FUNCTION OF THE APPLICANT. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | NONE. | SubmissionDeadlinesTxt |
| Restrictions On Awards | NONE. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (20 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|
| 3POINT FOUNDATION | ||||||||
| 1270 SOLDIERS FIELD ROAD | BOSTON | MA | 02135 | NONE | PC | GENERAL PURPOSE | $25,000 | |
| MOTHER CAROLINE ACADEMY | ||||||||
| 515 Blue Hill Avenue | Boston | MA | 02121 | NONE | PC | General Purpose | $25,000 | |
| BOSTON CHILDREN'S HOSPITAL TRUST | ||||||||
| 401 Park Drive Suite 602 | Boston | MA | 02115 | NONE | PC | General Purpose | $250,000 | |
| NANTUCKET BOYS & GIRLS CLUB | ||||||||
| 61 Sparks Ave | Nantucket | MA | 02554 | None | PC | General Purpose | $50,000 | |
| Overtown Youth Center | ||||||||
| 450 NW 14TH ST | MIAMI | FL | 33136 | NONE | PC | GENERAL PURPOSE | $250,000 | |
| Community First Project | ||||||||
| 4831 COLUMBUS STREET | VIRGINIA BEACH | VA | 23466 | NONE | PC | GENERAL PURPOSE | $100,000 | PO BOX 61811 |
| Nantucket Conservation Foundation Inc | ||||||||
| PO BOX 13 | NANTUCKET | MA | 02554 | NONE | PC | GENERAL PURPOSE | $50,000 | |
| NORTH END ATHLETIC ASSOCIATION | ||||||||
| 154 Salem Street | Boston | MA | 02113 | NONE | PC | General Purpose | $25,000 | |
| International African American Museum | ||||||||
| 14 WHARFSIDE ST | CHARLESTON | SC | 29401 | NONE | PC | General Purpose | $200,000 | |
| Charleston Literary Festival | ||||||||
| PO BOX 1825 | CHARLESTON | SC | 29402 | NONE | PC | General Purpose | $25,000 | |
| Habitat for Humanity Nantucket | ||||||||
| 35 OLD SOUTH RD STE 5 | NANTUCKET | MA | 02554 | NONE | PC | General Purpose | $50,000 | |
| Boston Foundation IncQuin Impact Fund | ||||||||
| 75 Arlington Street 3rd Floor | Boston | MA | 02116 | NONE | PC | General Purpose | $50,000 | |
| Nantucket Cottage Hospital | ||||||||
| 57 Prospect St | Nantucket | MA | 02554 | NONE | PC | GENERAL PURPOSE | $100,000 | |
| SIMS Foundation | ||||||||
| PO BOX 2152 | AUSTIN | TX | 78768 | NONE | PC | GENERAL PURPOSE | $25,000 | |
| ROBIN HOOD FOUNDATION | ||||||||
| 826 BROADWAY FL 9 | NEW YORK CITY | NY | 10003 | NONE | PC | GENERAL PURPOSE | $500,000 | |
| GIBBES MUSEUM OF ART | ||||||||
| 135 MEETING STREET | CHARLESTON | SC | 29401 | NONE | PC | GENERAL PURPOSE | $50,000 | |
| YELLOW RIBBON FUND INC | ||||||||
| PO BOX 41048 | BETHESDA | MD | 20824 | NONE | PC | GENERAL PURPOSE | $30,000 | |
| FAIRWINDS-NANTUCKET BEHAVORIAL HEALTH CENTER | ||||||||
| 20 VESPER LN UNIT L1 | NANTUCKET | MA | 02554 | NONE | PC | GENERAL PURPOSE | $25,000 | |
| FORE LIFE INC | ||||||||
| 4141 NW 16TH STREET | LAUDERHILL | FL | 33313 | NONE | PC | GENERAL PURPOSE | $25,000 | |
| SANTA FE INSTITUTE | ||||||||
| 1399 HYDE PARK ROAD | SANTA FE | NM | 87501 | NONE | GENERAL PURPOSE | $25,000 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,880,000 | 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 | $17,684 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $30,932 | 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 Income | OtherInvestmentIncomeGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $470,107 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TURNBRIDGE EQUITIES REAL ESTATE FUND II LP | Desc |
| Business | 901101 | BusinessCd |
| Unrelated Business Taxbl Incm | -$50,352 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 01 | ExclusionCd |
| Exclusion | -$4,794 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | -$50,352 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $513,929 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $463,577 | 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 | James J Pallotta | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2068 NORTH BAY ROAD | AddressLine1Txt |
| City | MIAMI BEACH | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33140 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $1,554,815 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp (4 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | 23,165 SHARES OSCAR HEALTH INC. | $376,431 | 2024-02-29 |
| 1 | 30,000 SHARES PENN ENTERTAINMENT INC | $583,050 | 2024-07-26 |
| 1 | 9,508 SHARES REDDIT INC | $565,156 | 2024-08-30 |
| 1 | 6,066 SHARES RISKIFIED LTD | $30,178 | 2024-09-05 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $9,708 | Amt |
| Disbursements Charitable Prps | $9,708 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $247,541 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $247,541 | USGovtObligationsEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | SEE ATTACHED | CategoryOrItemTxt |
| Book Value | $5,488,692 | BookValueAmt |
| EOYFMV | $5,488,692 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CONTRIBUTED STOCK - DIFF OF FMV AND COST | Desc |
| Amt | $474,322 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| TURNBRDGE EQUITIES REAL ESTATE | $40 | $40 |
| PRUDENCE FUND III LP | $50,760 | $50,760 |
| R&R PALLIDUS HOLDINGS LLC | $2,164 | $2,164 |
| RAPTOR GT HOLDINGS II LLC | $313 | $313 |
| R&R CORNAMI HOLDINGS LLC | $1,370 | $1,370 |
| R&R SECEDGE HOLDINGS LLC | $3,213 | $3,213 |
| R&R MATRIXSPACE HOLDINGS LLC | $23 | $23 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| TURNBRIDGE EQUITIES REAL ESTATE FUND II | -$50,628 | -$276 |
| R&R MATRIXSPACE HOLDINGS LLC | -$2 | -$2 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | 2024 FED ESTIMATE TAX | CategoryTxt |
| Amt | $5,000 | Amt |
Comments