KAPNICK FOUNDATION TR: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- KAPNICK FOUNDATION TR (EIN 36-7434011)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-15
- IRS object ID
- 202533199349100308
- 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
- All Oth Prog Rltd Investments Sch
- Depreciation Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-15T00:39:59-06:00 | 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 | 100018604 | 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 | 367434011 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Kapnick Foundation | BusinessNameLine1Txt |
| Business Name Line2 | U/A/S 8/15/04 | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % ERNST & YOUNG US LLP | InCareOfNm |
| Business Name Control | KAPN | BusinessNameControlTxt |
| Phone | 2127733000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 73 Bowling Green Station | AddressLine1Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 102740073 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SCOTT B KAPNICK | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Phone | 2123960333 | PhoneNum |
| Signature | 2025-11-13 | 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 | Christine W Diionna | PreparerPersonNm |
| PTIN | P00999533 | PTIN |
| Phone | 2127733000 | PhoneNum |
| Preparation | 2025-11-06 | PreparationDt |
| 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 | $75,774,391 | 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 | $16,173,621 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $766,298 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $766,298 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $95,207 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $95,207 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $18,827,474 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $21,942,294 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $18,815,872 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $1,561,576 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $1,509,581 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $37,424,176 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $21,186,958 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $21,031 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $21,031 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $39,000 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $19,500 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $19,500 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $93,829 | TaxesRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $3,439 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $566 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $157,299 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $19,500 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $41,097 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $8,443,384 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $8,443,384 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $8,600,683 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $19,500 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $8,484,481 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $28,823,493 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $21,167,458 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $525,898 | CashBOYAmt |
| Cash EOY | $525,898 | CashEOYAmt |
| Cash EOYFMV | $525,898 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $4,003,312 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $20,038,578 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $20,038,578 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $246,317 | CorporateStockBOYAmt |
| Corporate Stock EOY | $31,266 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $674,919 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $44,554,206 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $40,058,987 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $52,534,996 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $0 | OtherAssetsBOYAmt |
| Other Assets EOY | $2,000,000 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $2,000,000 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $49,329,733 | TotalAssetsBOYAmt |
| Total Assets EOY | $62,654,729 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $75,774,391 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $49,329,733 | CapitalStockBOYAmt |
| Capital Stock EOY | $62,654,729 | CapitalStockEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $49,329,733 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $62,654,729 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $49,329,733 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $62,654,729 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $49,329,733 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $28,823,493 | ExcessRevenueOverExpensesAmt |
| Subtotal | $78,153,226 | SubtotalAmt |
| Other Decreases | $15,498,497 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $62,654,729 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (21 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|
| PUBLICLY TRADED SECURITIES | $20,847,774 | $931,519 | $19,916,255 | $19,916,255 | |
| CAPITAL LOSS - THE EQUITY ALLIANCE FUND I, LP | $10,707 | -$10,707 | -$10,707 | P | |
| CAPITAL GAINS - HPS OFFSHORE MEZZ PRTNS 2019 LP | $250,940 | $250,940 | $250,940 | P | |
| CAPITAL GAINS - RE CREDIT SOLUTION OFF | $22,150 | $22,150 | $22,150 | P | |
| CAPITAL LOSS - CRESTVIEW PRTNS III (DE) LP | $92,701 | -$92,701 | -$92,701 | P | |
| CAPITAL LOSS - CRESTVIEW PRTNS IV (DE) LP | $150,896 | -$150,896 | -$150,896 | P | |
| CAPITAL GAINS - HPS OCOEE LOAN FUND LP | $374 | $374 | $374 | P | |
| CAPITAL GAINS - HPS OFF INVSTMNT PARTNERS V LP | $111 | $111 | $111 | P | |
| CAPITAL GAINS - HPS SPEC OPPO OFF FUND II | $21,561 | $21,561 | $21,561 | P | |
| CAPITAL GAINS - WSSS OFF FUND I LP | $17,321 | $17,321 | $17,321 | P | |
| CAPITAL GAINS - GS PETERSHILL II OFF LP | $64,186 | $64,186 | $64,186 | P | |
| CAPITAL GAINS - GS VINTAGE VII AIV OFF | $3,459 | $3,459 | $3,459 | P | |
| CAPITAL LOSS - CRESTVIEW PARTNERS II LP | $9,761 | -$9,761 | -$9,761 | P | |
| CAPITAL LOSS - THE EQUITY ALLIANCE LLC | $2,676 | -$2,676 | -$2,676 | P | |
| CAPITAL GAINS - KKR ASIAN FUND III | $154,763 | $154,763 | $154,763 | P | |
| CAPITAL GAINS - STARWOOD SOF XI PRIVATE INVESTORS | $18,505 | $18,505 | $18,505 | P | |
| LOSS FROM DISPOSAL OF IRISH SPE LOAN III | $62,612 | $1,928,162 | -$1,865,550 | -$1,865,550 | P |
| CAPITAL GAINS - OFFSHORE MEZZ PARTNERS III INS LP | $321,210 | $321,210 | $321,210 | P | |
| CAPITAL GAINS - GS VINTAGE FUND VII | $49,882 | $49,882 | $49,882 | P | |
| CAPITAL GAINS - GS VINTAGE V OFFSHORE | $36,346 | $36,346 | $36,346 | P | |
| CAPITAL GAINS - GS VINTAGE VIII OFFSHORE | $71,100 | $71,100 | $71,100 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $18,815,872 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $294,228 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $294,228 | SubtotalAmt |
| Tax Based On Investment Income | $294,228 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $61,054 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $400,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $461,054 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $46 | EsPenaltyAmt |
| Overpayment | $166,780 | OverpaymentAmt |
| Applied To ES Tax | $166,780 | 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 | IL | 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 |
| Website Address | NONE | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERNST & YOUNG US LLP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2127733000 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE MANHATTAN WEST | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100018604 | 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 (2 entries)
| Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|---|
| KATHLEEN G KAPNICK | |||||||||
| PO BOX 73 | BOWLING GREEN STATION | NEW YORK | NY | 102740073 | TRUSTEE | 1.0 | $0 | $0 | $0 |
| SCOTT B KAPNICK | |||||||||
| PO BOX 73 | BOWLING GREEN STATION | NEW YORK | NY | 102740073 | TREASURER | 1.0 | $0 | $0 | $0 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE | Description1Txt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE | Description1Txt |
| Description2 | NONE | Description2Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $913,547 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $16,737,634 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $52,684,182 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $70,335,363 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $70,335,363 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,055,030 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $69,280,333 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $3,464,017 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $3,464,017 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $294,228 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $7,312 | IncomeTaxAmt |
| Total Tax | $301,540 | TotalTaxAmt |
| Distributable Before Adj | $3,162,477 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $3,162,477 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $3,162,477 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $8,484,481 | 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 | $8,484,481 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $3,162,477 | 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 | $5,069,000 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $3,346,659 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $4,200,249 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $3,181,674 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $4,206,574 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $20,004,156 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $8,484,481 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Current Year | $3,162,477 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $5,322,004 | RemainingDistriFromCorpusAmt |
| Total Corpus | $25,326,160 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $5,069,000 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $20,257,160 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $3,346,659 | ExcessFromYear4Amt |
| Excess From Year3 | $4,200,249 | ExcessFromYear3Amt |
| Excess From Year2 | $3,181,674 | ExcessFromYear2Amt |
| Excess From Year1 | $4,206,574 | ExcessFromYear1Amt |
| Excess From Current Year | $5,322,004 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | SCOTT B KAPNICK | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEE STATEMENT ATTACHED | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | SEE STATEMENT ATTACHED | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10274 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | NONE | RecipientRelationshipTxt |
| Recipient Foundation Status | PC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | GENERAL PURPOSE | GrantOrContributionPurposeTxt |
| Amt | $8,443,384 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $8,443,384 | 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 | $766,298 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $95,207 | 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) |
|---|---|---|
| Business | 901101 | BusinessCd |
| Unrelated Business Taxbl Incm | $11,602 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $18,815,872 | 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 (4 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt |
|---|---|---|---|---|
| PASSTHROUGH INCOME | 01 | $440,634 | ||
| PARTNERSHIP INCOME | 01 | $1,044,006 | ||
| PARTNERSHIP INCOME - UBTI | 901101 | $51,995 | ||
| PFIC - DIVIDEND DISTRIBUTION | 01 | $24,941 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $63,597 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $21,186,958 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $21,250,555 | 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 | SCOTT B KAPNICK | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 73 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 102740073 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $16,173,621 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp (8 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | 862,340 Shs of NU Holdings Ltd | $7,976,645 | 2024-02-05 |
| 1 | 86,434 Shs of Robinhood Market, Inc. | $1,622,366 | 2024-04-08 |
| 1 | 114,144 Shs of NU Holdings Ltd | $1,317,165 | 2024-04-11 |
| 1 | 125,008 Shs of Robinhood Market, Inc. | $4,438,097 | 2024-11-22 |
| 1 | 6,320 Shs of Victory Capital Holdings | $420,090 | 2024-12-09 |
| 1 | 515 Shs of Coinbase Global Inc - Cls A | $123,180 | 2024-03-07 |
| 1 | 537 Shs of Coinbase Global Inc Cls A | $141,126 | 2024-03-11 |
| 1 | 4,052 Shs of Victory Capital Holdings | $134,952 | 2024-01-05 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $39,000 | Amt |
| Net Investment Income | $19,500 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $19,500 | DisbursementsCharitablePrpsAmt |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NONE | Desc |
Depreciation Schedule DepreciationSchedule
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (3 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| NU HOLDINGS LTD | $0 | $0 |
| VICTORY CAPITAL HOLDINGS INC | $25,090 | $413,707 |
| COINBASE GLOBAL INC -CLASS A | $6,176 | $261,212 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (43 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| GS VINTAGE FUND V, LP | $1,100,940 | $78,885 |
| GS VINTAGE FUND VIII OFFSHORE | $966,811 | $1,830,627 |
| CRESTVIEW PARTNERS II LP | $247,677 | $1,825,164 |
| CRESTVIEW PTRS III (TE) LP | $553,076 | $638,695 |
| SOROBAN OPP CAYMAN FUND III | $7,331,975 | $12,122,124 |
| HB IRISH SPECIALTY LOAN FD III | $0 | $0 |
| GS VINTAGE FUND VII OFF HLDGS | $792,846 | $1,138,830 |
| THE KINGSWAY FUND FRONTIER | $1,467,667 | $1,921,895 |
| PETERSHILL II OFFSHORE LP . | $1,345,449 | $1,708,589 |
| PROVIDENCE DEBT FUND III | $61,941 | $139,487 |
| WATFORD HOLDINGS FED FUNDS | $43,671 | $635,599 |
| CREDIT VALUE OFFSHORE FD 2016 | $756,137 | $0 |
| AQUAHYDRATE | $640,000 | $640,000 |
| OFFSHORE MEZZANINE PARTN III | $4,232,104 | $5,127,740 |
| SPECIALTY LOAN INSTITUTIONAL | ||
| - FUND 2016-L, LP | $597,308 | $507,248 |
| HPS LOAN MANAGEMENT 9-2016,LTD | $320,331 | $266,664 |
| VINTAGE VII AIV OFFSHORE SCSP | $78,640 | $103,217 |
| CRESTVIEW PARTNERS III (DE) LP | $32,982 | $0 |
| REAL ESTATE CREDIT SOLUTIONS | ||
| - OFFSHORE FUND II | $74,907 | $25,660 |
| STRATA CLO I LTD | $125,547 | $223,364 |
| KKR ASIAN FD III PVT IN O/S LP | $710,267 | $1,173,971 |
| STARWOOD SOF XI PVT IN O/S LP | $720,577 | $901,733 |
| SVSS IV PVT IN O/S LP | $168,971 | $637,532 |
| SVSS V PVT IN O/S LP | $778,347 | $1,026,117 |
| ARES PCS II PRIVATE INVESTORS | $614,010 | $635,781 |
| MILLENNIUM PVT INVST OFFSHORE | $1,228,352 | $1,425,356 |
| CREDIT VALUE OFFSHORE FUND V | $4,117 | $0 |
| OPPORT OFFSHORE FUND II, LP | $346,462 | $51,901 |
| HPS OFF MEZZNE PTNRS 2019, LP | $4,161,210 | $5,440,296 |
| WEST STREET STRAGIC SOLUTIONS | ||
| OFFSHORE FUND I LP | $1,259,976 | $1,446,699 |
| HPS OCOEE SPEC LOAN FUND | $390,952 | $384,459 |
| CRESTVIEW PARTNERS IV(TE) L.P | $1,340,505 | $1,845,129 |
| THE EQUITY ALLIANCE FUND I, LP | $419,904 | $815,885 |
| THE EQUITY ALLIANCE, LLC | $344,996 | $344,996 |
| GS ACCT 1572 (EURO) | $372 | $361 |
| CRESTVIEW PARTNERS IV (DE) LP | $52,530 | $0 |
| HPS SPECIAL SITUATIONS OPP OFF | $2,775,738 | $3,031,000 |
| HPS OFFSHORE STRATEGIC INT PTR | $2,871,957 | $3,348,881 |
| THE EQUITY ALLIANCE FUND II LP | $257,907 | $228,309 |
| HPS SPEC LOAN FUND VI-L LP | $841,828 | $862,802 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $21,031 | LegalFeesAmt |
| Disbursements Charitable Prps | $21,031 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PROMISSORY NOTE | Desc |
| BOY Book Value | $0 | BOYBookValueAmt |
| EOY Book Value | $2,000,000 | EOYBookValueAmt |
| EOYFMV | $2,000,000 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (3 entries)
| DescDesc | AmtAmt |
|---|---|
| APPRECIATION OVER DONOR'S COST BASIS FOR | $0 |
| STOCK DONATED TO THE FOUNDATION | $15,498,330 |
| OTHER DECREASES FROM PARTNERSHIP | $167 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| IL FILING FEE | $566 | $566 |
| NON DEDUCTIBLE EXPENSES | $2,873 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| PASSTHROUGH INCOME | $440,634 | $440,634 |
| PARTNERSHIP INCOME | $1,044,006 | $1,044,006 |
| PARTNERSHIP INCOME - UBTI | $51,995 | |
| PFIC - DIVIDEND DISTRIBUTION | $24,941 | $24,941 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt |
|---|---|
| EXCISE TAXES PAID | $80,000 |
| STATE TAXES PAID | $13,829 |
Comments