THE DOUG AND BETSEY SCHWAB AND FAMILY FOUNDATION INC: Form 990PF, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- THE DOUG AND BETSEY SCHWAB AND FAMILY FOUNDATION INC (EIN 20-0856943)
- Tax period
- 2017-01-01 to 2017-12-31
- Filed
- 2018-06-19
- IRS object ID
- 201831709349100218
- Schema version
- 2017v2.3
- 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
- Accounting Fees Schedule
- 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 | 2018-06-19T14:17:01-05:00 | ReturnTs |
| Tax Period End | 2017-12-31 | 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 | 2017-01-01 | 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 | 2018-06-06 | 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 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $210,142 | 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 | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $57 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $57 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $5,594 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $5,594 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $13,636 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $191,403 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $13,636 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $19,287 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $19,287 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $1,686 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $1,686 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $2,574 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $2,574 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $142 | TaxesRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $7,525 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $7,525 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $11,927 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $2,574 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $9,211 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $98,750 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $98,750 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $110,677 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $2,574 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $107,961 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$91,390 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $16,713 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $2,720 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $8,846 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $8,846 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $270,293 | CorporateStockBOYAmt |
| Corporate Stock EOY | $172,777 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $201,296 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $273,013 | TotalAssetsBOYAmt |
| Total Assets EOY | $181,623 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $210,142 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Retained Earning BOY | $273,013 | RetainedEarningBOYAmt |
| Retained Earning EOY | $181,623 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $273,013 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $181,623 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $273,013 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $181,623 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $273,013 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$91,390 | ExcessRevenueOverExpensesAmt |
| Subtotal | $181,623 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $181,623 | 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 | $191,403 | GrossSalesPriceAmt |
| Cost Or Other Basis | $177,767 | CostOrOtherBasisAmt |
| Gain Or Loss | $13,636 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $13,636 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $13,636 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $149,016 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $333,244 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.447168 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $161,312 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $509,518 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.316597 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $237,198 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $345,612 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.686313 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $75,727 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $410,855 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.184316 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $131,872 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $480,398 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.274506 | DistributionYr5Rt |
| Total Distribution | 1.9089 | TotalDistributionRt |
| Average Distribution | 0.38178 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $240,777 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $91,924 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $167 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $92,091 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $107,961 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $167 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $167 | SubtotalAmt |
| Tax Based On Investment Income | $167 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $100 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $100 | TotalPaymentsAndCreditsAmt |
| Tax Due | $67 | 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 |
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 | $236,574 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $7,870 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $244,444 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $244,444 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $3,667 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $240,777 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $12,039 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $12,039 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $167 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $167 | TotalTaxAmt |
| Distributable Before Adj | $11,872 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $11,872 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $11,872 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $107,961 | 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 | $107,961 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $167 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $107,794 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $11,872 | DistributableAsAdjustedAmt |
| Prior Year1 | 2015 | PriorYear1Yr |
| Prior Year2 | 2014 | PriorYear2Yr |
| Prior Year3 | 2013 | PriorYear3Yr |
| Excess Distribution Cyov Yr5 | $108,124 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $56,158 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $221,737 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $136,130 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $132,438 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $654,587 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $107,961 | QualifyingDistributionsAmt |
| Applied To Current Year | $11,872 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $96,089 | RemainingDistriFromCorpusAmt |
| Total Corpus | $750,676 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $108,124 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $642,552 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $56,158 | ExcessFromYear4Amt |
| Excess From Year3 | $221,737 | ExcessFromYear3Amt |
| Excess From Year2 | $136,130 | ExcessFromYear2Amt |
| Excess From Year1 | $132,438 | ExcessFromYear1Amt |
| Excess From Current Year | $96,089 | 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 (30 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| ALLEGANY ARTS COUNCIL INC | |||||||
| 9 N CENTRE ST | CUMBERLAND | MD | 21502 | N/A | PC | Allegany National Photography Competition and Exhibition Project | $500 |
| ALLEGANY ARTS COUNCIL INC | |||||||
| 9 N CENTRE ST | CUMBERLAND | MD | 21502 | N/A | PC | Charitable Event | $1,000 |
| ALLEGANY HIGH SCHOOL ACADEMIC ENDOWMENT FUND | |||||||
| 50 BALTIMORE ST 4TH FL | CUMBERLAND | MD | 21502 | N/A | PC | Allegany High School Robotics Team advised by Dennis Dennison | $5,000 |
| ALLEGHENY HIGHLANDS TRAIL ASSOCIATION | |||||||
| PO BOX 28 | CUMBERLAND | MD | 21501 | N/A | PC | Great Allegheny Passage | $2,500 |
| AMERICAN CANCER SOCIETY | |||||||
| 1050 E INDUSTRIAL BLVD UNIT 3 | CUMBERLAND | MD | 21502 | N/A | PC | Charitable Event | $1,000 |
| B'ER CHAYIM CONGREGATION | |||||||
| 107 UNION ST | CUMBERLAND | MD | 21502 | N/A | PC | Charitable Event | $1,000 |
| BOY SCOUTS OF AMERICA | |||||||
| FLAG PLZ 1275 BEDFORD AVE | PITTSBURGH | PA | 15219 | N/A | PC | 2017 Friends of Scouting Program | $500 |
| BOY SCOUTS OF AMERICA | |||||||
| FLAG PLZ 1275 BEDFORD AVE | PITTSBURGH | PA | 15219 | N/A | PC | 2017 Friends of Scouting Program | $3,500 |
| BOY SCOUTS OF AMERICA | |||||||
| FLAG PLZ 1275 BEDFORD AVE | PITTSBURGH | PA | 15219 | N/A | PC | 2017 Friends of Scouting Program | $2,000 |
| BOY SCOUTS OF AMERICA | |||||||
| FLAG PLZ 1275 BEDFORD AVE | PITTSBURGH | PA | 15219 | N/A | PC | 2017 Friends of Scouting Program | $2,250 |
| BOY SCOUTS OF AMERICA | |||||||
| FLAG PLZ 1275 BEDFORD AVE | PITTSBURGH | PA | 15219 | N/A | PC | BOD and Community Potomac District Campaign | $2,000 |
| CHICAGO PUBLIC MEDIA INC | |||||||
| NAVY PIER 848 E GRAND AVE | CHICAGO | IL | 60611 | N/A | PC | General & Unrestricted | $500 |
| COUNTY UNITED WAY INC | |||||||
| 101 S CENTRE ST | CUMBERLAND | MD | 21502 | N/A | PC | 2018 Campaign | $10,000 |
| ELECTRONIC FRONTIER FOUNDATION INC | |||||||
| 815 EDDY ST | SAN FRANCISCO | CA | 94109 | 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 |
| EXPERIMENTAL STATION | |||||||
| 6100 S BLACKSTONE AVE | CHICAGO | IL | 60637 | N/A | PC | General & Unrestricted | $500 |
| FAMILY CRISIS RESOURCE CENTER INC | |||||||
| 146 BEDFORD ST | CUMBERLAND | MD | 21502 | N/A | PC | General & Unrestricted | $10,000 |
| FRIENDS AWARE INCORPORATED | |||||||
| 1601 HOLLAND ST | CUMBERLAND | MD | 21502 | N/A | PC | Dream Builders Campaign | $25,000 |
| FROSTBURG STATE UNIVERSITY FOUNDATION | |||||||
| 101 BRADDOCK RD | FROSTBURG | MD | 21532 | N/A | PC | WFWM Program | $1,000 |
| GREATER CHICAGO FOOD DEPOSITORY | |||||||
| 4100 W ANN LURIE PL | CHICAGO | IL | 60632 | N/A | PC | General & Unrestricted | $500 |
| HELLO BABY NFP | |||||||
| 14 N PEORIA ST STE 2W | CHICAGO | IL | 60607 | N/A | PC | General & Unrestricted | $250 |
| HYDE PARK NEIGHBORHOOD CLUB | |||||||
| 5480 S KENWOOD AVE | CHICAGO | IL | 60615 | N/A | PC | General & Unrestricted | $250 |
| INSPIRATION CORPORATION | |||||||
| 4554 N BROADWAY ST STE 207 | CHICAGO | IL | 60640 | N/A | PC | General & Unrestricted | $500 |
| JANES PLACE INC | |||||||
| 26 GREENE ST | CUMBERLAND | MD | 21502 | N/A | PC | General & Unrestricted | $10,000 |
| NATIONAL YOUTH SCIENCE FOUNDATION | |||||||
| 1 CLAY SQ | CHARLESTON | WV | 25301 | N/A | PC | General & Unrestricted | $500 |
| PHILADELPHIA UNIVERSITY | |||||||
| 4201 HENRY AVE | PHILADELPHIA | PA | 19144 | N/A | PC | Nexus Learning Hub Fund | $10,000 |
| PRIMO CENTER FOR WOMEN AND CHILDREN | |||||||
| 6212 S SANGAMON ST | CHICAGO | IL | 60621 | N/A | PC | General & Unrestricted | $500 |
| SOUTHERN POVERTY LAW CENTER INC | |||||||
| 400 WASHINGTON AVE | MONTGOMERY | AL | 36104 | N/A | PC | General & Unrestricted | $500 |
| WESTERN MARYLAND FOOD BANK INC | |||||||
| 816 FREDERICK ST | CUMBERLAND | MD | 21501 | N/A | PC | General & Unrestricted | $500 |
| WESTERN MARYLAND HEALTH SYSTEM FOUNDATION INC | |||||||
| PO BOX 539 | CUMBERLAND | MD | 21501 | N/A | SO I | Bridges to Opportunity Program | $5,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $98,750 | 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 | $57 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $5,594 | 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 | $13,636 | 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 | $19,287 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $19,287 | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | AUDIT SUPPORT | CategoryTxt |
| Amt | $1,686 | Amt |
| Disbursements Charitable Prps | $1,686 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (11 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| FIRST TRUST NORTH AMERICAN ENE | $18,322 | $16,946 |
| ISHARE MSCI EMU INDX | $12,934 | $16,051 |
| ISHARES MSCI EMERGING MARKETS | $14,521 | $18,848 |
| ISHARES RUSSELL 2000 GROWTH IN | $6,763 | $7,468 |
| ISHARES S&P 500 GROWTH INDEX F | $3,010 | $3,819 |
| ISHARES TR S & P MIDCAP 400 IN | $10,783 | $17,080 |
| MATTHEWS ASIA PACIFIC EQUITY I | $15,067 | $19,074 |
| MATTHEWS JAPAN FUND | $15,889 | $19,595 |
| PIMCO INCOME FUND P CLASS | $23,840 | $23,952 |
| SPDR S&P DIVIDEND ETF | $37,307 | $43,084 |
| VANGUARD FTSE EUROPEAN ETF | $14,341 | $15,379 |
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, 2017, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $98,750. This amount represents over 25% of the Foundation's net assets of $277,557 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2017. 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 (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| Administrative Fees | $7,500 | $7,500 |
| 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 | $2,574 | Amt |
| Net Investment Income | $2,574 | NetInvestmentIncomeAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt |
|---|---|
| 990-PF Estimated Tax for 2017 | $100 |
| 990-PF Excise Tax for 2016 | $42 |
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