JOHN AND AMY PHELAN FAMILY FOUNDATION: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- JOHN AND AMY PHELAN FAMILY FOUNDATION (EIN 46-1579312)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-17
- IRS object ID
- 202533219349107533
- 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
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-17T17:29:22-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 475153865 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ROSEN SAPPERSTEIN & FRIEDLANDER LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 405 YORK ROAD | AddressLine1Txt |
| City | TOWSON | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21204 | 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 | 461579312 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JOHN AND AMY PHELAN FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | JOHN | BusinessNameControlTxt |
| Phone | 5616125050 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1906 S OCEAN BOULEVARD | AddressLine1Txt |
| City | PALM BEACH | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33480 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOHN C PHELAN | PersonNm |
| Person Title | PRESIDENT/TREASURER | PersonTitleTxt |
| Phone | 5616125050 | PhoneNum |
| Signature | 2025-11-17 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | AIMEE E CARPENTER | PreparerPersonNm |
| PTIN | P01688515 | PTIN |
| Phone | 4105810800 | PhoneNum |
| Preparation | 2025-11-13 | 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 | $86,789,157 | 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 | $12,994,041 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $177,456 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $177,456 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $479,572 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $479,572 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $9,539,237 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $9,381,002 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $9,539,237 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $1,537,978 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $1,271,159 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $24,728,284 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $11,467,424 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $18,485 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $40,288 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $9,288 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $150,000 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $150,000 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $208,773 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $9,288 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $150,000 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $3,983,333 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $3,983,333 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $4,192,106 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $9,288 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $4,133,333 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $20,536,178 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $11,458,136 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $8,034 | CashBOYAmt |
| Cash EOY | $7,049 | CashEOYAmt |
| Cash EOYFMV | $7,049 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $10,264,769 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $4,448,256 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $4,433,772 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $7,054,178 | CorporateStockBOYAmt |
| Corporate Stock EOY | $7,919,356 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $25,733,457 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $38,524,064 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $51,153,632 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $56,614,879 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $55,851,045 | TotalAssetsBOYAmt |
| Total Assets EOY | $63,528,293 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $86,789,157 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $389,045 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $162,608 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $389,045 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $162,608 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $55,462,000 | RetainedEarningBOYAmt |
| Retained Earning EOY | $63,365,685 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $55,462,000 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $63,365,685 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $55,851,045 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $63,528,293 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $55,462,000 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $20,536,178 | ExcessRevenueOverExpensesAmt |
| Other Increases | $337,143 | OtherIncreasesAmt |
| Subtotal | $76,335,321 | SubtotalAmt |
| Other Decreases | $12,969,636 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $63,365,685 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (20 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt |
|---|---|---|---|---|---|---|---|
| JNE FUND, LP | D | $167,773 | $167,773 | ||||
| MSD CREDIT OPPORTUNITY FUND, LP | D | $19,299 | $19,299 | ||||
| MSD PCOF LP | D | $1,678 | $1,678 | ||||
| MSD PCOF 2 LP | D | $2,416 | $2,416 | ||||
| PARALLAXES CAPITAL OPPORTUNITY FUND IV, L.P. | D | $7,032 | $7,032 | ||||
| JNE FUND, LP | D | $191,262 | $191,262 | ||||
| MSD CREDIT OPPORTUNITY FUND, LP | D | -$200,343 | -$200,343 | ||||
| MSD PRIVATE CREDIT OPPORTUNITY FUND (CAYMAN), 2 LP | D | -$28,873 | -$28,873 | ||||
| MSD SPARROWHAWK, LP | D | -$2,953 | -$2,953 | ||||
| CORAL ROCK INVESTMENTS LP | D | -$2,677 | -$2,677 | ||||
| MSD PCOF LP | D | $14,750 | $14,750 | ||||
| MSD PCOF 2 LP | D | $10,669 | $10,669 | ||||
| MSD REAL ESTATE CREDIT OPPORTUNITY FUND LP | D | $2,297 | $2,297 | ||||
| PARALLAXES CAPITAL OPPORTUNITY FUND IV, L.P. | D | $310 | $310 | ||||
| 33334 SHS DELL TECHNOLOGIES | D | $4,975,550 | $4,975,550 | 2024-05-15 | 2024-05-17 | $4,975,550 | |
| 27900 SHS DELL TECHNOLOGIES | D | $3,968,076 | $3,968,076 | 2024-05-30 | 2024-06-17 | $3,968,076 | |
| 4900 SHS TOAST | D | $134,110 | $134,110 | 2024-10-16 | 2024-10-23 | $141,411 | $7,301 |
| 792 SHS PALO ALTO | D | $273,856 | $273,856 | 2024-10-16 | 2024-11-05 | $290,422 | $16,566 |
| 12 SHS BERKSHIRE | D | $5,001 | $5,001 | 2024-10-16 | 2024-10-23 | $5,539 | $538 |
| CASH IN LIUE | D | $4 | $4 | $4 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $9,539,237 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $159,268 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $159,268 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $159,268 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $52,000 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $100,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $152,000 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $5,992 | EsPenaltyAmt |
| Tax Due | $13,260 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | DE | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | JOHN C PHELAN | IndividualWithBooksNm |
| Phone | 5616125050 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 222 LAKEVIEW AVENUE SUITE 1600 | AddressLine1Txt |
| City | WEST PALM BEACH | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33401 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 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 |
|---|---|---|---|---|---|---|---|---|
| JOHN C PHELAN | ||||||||
| 222 LAKEVIEW AVENUE SUITE 1600 | WEST PALM BEACH | FL | 33401 | PRESIDENT/TREASURER | 1.00 | $0 | $0 | $0 |
| AMY PHELAN | ||||||||
| 222 LAKEVIEW AVENUE SUITE 1600 | WEST PALM BEACH | FL | 33401 | VICE PRESIDENT/SECRETARY | 1.00 | $0 | $0 | $0 |
| ABIGAIL MAKENZIE MOON PHELAN | ||||||||
| 222 LAKEVIEW AVENUE SUITE 1600 | WEST PALM BEACH | FL | 33401 | BOARD MEMBER | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $19,456,991 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $10,818,158 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $56,614,878 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $86,890,027 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $86,890,027 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,303,350 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $85,586,677 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $4,279,334 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $4,279,334 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $159,268 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $50,505 | IncomeTaxAmt |
| Total Tax | $209,773 | TotalTaxAmt |
| Distributable Before Adj | $4,069,561 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $4,069,561 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $4,069,561 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $4,133,333 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $4,133,333 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $4,069,561 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $2,867,780 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $4,133,333 | QualifyingDistributionsAmt |
| Applied To Year1 | $2,867,780 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $1,265,553 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $2,804,008 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | JOHN C PHELAN | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (9 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| FEDERAL ENFORCEMENT HOMELAND SECURITY FOUNDATION | |||||||
| 150 E 58TH ST 27TH FLOOR | NEW YORK | NY | 10155 | NONE | PC | ANNUAL FUND | $25,000 |
| HARVARD BUSINESS SCHOOL FORWARD FELLOWSHIP | |||||||
| SOLDIERS FIELD | BOSTON | MA | 02163 | NONE | PC | FOR THE JOHN C. PHELAN (MBA 1990) FORWARD FELLOWSHIP IN HONOR OF NITIN NOHRIA & FOR THE HBS FUND | $550,000 |
| LSE FOUNDATION | |||||||
| 450 SEVENTH AVENUE SUITE 1109 | NEWPORT | RI | 02841 | NONE | PC | FOR ACTIVITIES OF THE UNITED STATES CENTRE AT LSE | $1,475,000 |
| NATIONAL MEDAL OF HONOR MUSEUM FOUNDATION | |||||||
| 1717 E RANDOL MILL ROAD | ARLINGTON | TX | 76011 | NONE | PC | ONGOING OPERATIONS AND CAMPAING TO CONSTRUCT NATIONAL MEDAL OF HONOR MUSEUM | $250,000 |
| PRESERVATION FOUNDATION OF PALM BEACH | |||||||
| 311 PERUVIAN AVENUE | PALM BEACH | FL | 33480 | NONE | PC | FOR THE LEARNING PATH AND OUTDOOR CLASSROOM, PHIPPS OCEAN PARK CAMPAIGN | $250,000 |
| PROSTATE CANCER FOUNDATION | |||||||
| 1250 FOURTH STREET | SANTA MONICA | CA | 90401 | NONE | PC | FOR DONEE'S EXEMPT PURPOSE | $100,000 |
| SOUTHERN METHODIST UNIVERSITY | |||||||
| 6425 BOAZ LANE | DALLAS | TX | 75205 | NONE | PC | FOR THE FIRST WEEK SOCIETY | $1,000,000 |
| THIRD OPTION FOUNDATION | |||||||
| 11160-C1 SOUTH LAKES DRIVE 158 | RESTON | VA | 20191 | NONE | PC | FOR THE RESERVE FUND CAMPAIGN | $250,000 |
| WHITNEY MUSEUM OF ART | |||||||
| 99 GANSEVOORT STREET | NEW YORK | NY | 10014 | NONE | PC | FOR THE ADAM D. WEINBERG ARTISTS FIRST FUND | $83,333 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $3,983,333 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $177,456 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $479,572 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,269,758 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $9,539,237 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UBTI FROM PARTNERSHIPS | Desc |
| Business | 900099 | BusinessCd |
| Unrelated Business Taxbl Incm | $268,220 | UnrelatedBusinessTaxblIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $268,220 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $11,466,023 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $11,734,243 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (6 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|
| JOHN C PHELAN | ||||||
| 1 | 222 LAKEVIEW AVENUE SUITE 1600 | WEST PALM BEACH | FL | 33401 | $4,972,100 | Yes (X) |
| JOHN C PHELAN | ||||||
| 2 | 222 LAKEVIEW AVENUE SUITE 1600 | WEST PALM BEACH | FL | 33401 | $4,740,768 | Yes (X) |
| JOHN C PHELAN | ||||||
| 3 | 222 LAKEVIEW AVENUE SUITE 1600 | WEST PALM BEACH | FL | 33401 | $2,837,740 | Yes (X) |
| JOHN C PHELAN | ||||||
| 4 | 222 LAKEVIEW AVENUE SUITE 1600 | WEST PALM BEACH | FL | 33401 | $5,588 | Yes (X) |
| JOHN C PHELAN | ||||||
| 5 | 222 LAKEVIEW AVENUE SUITE 1600 | WEST PALM BEACH | FL | 33401 | $295,598 | Yes (X) |
| JOHN C PHELAN | ||||||
| 6 | 222 LAKEVIEW AVENUE SUITE 1600 | WEST PALM BEACH | FL | 33401 | $142,247 | Yes (X) |
Non Cash Property Contribution NonCashPropertyContributionGrp (6 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | 33,334 SHARES OF DELL TECHNOLOGIES. | $4,972,100 | 2024-05-15 |
| 2 | 27,900 SHARES DELL TECHNOLOGIES | $4,740,768 | 2024-05-30 |
| 3 | 1,636 SHARES OF BROADCOM INC | $2,837,740 | 2024-06-20 |
| 4 | 12 SHARES OF BERKSHIRE HATHAWAY INC | $5,588 | 2024-10-16 |
| 5 | 792 SHARES OF PALO ALTO NETWORKS INC | $295,598 | 2024-10-16 |
| 6 | 4,900 SHARES OF TOAST INC | $142,247 | 2024-10-16 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (10 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 25,985 SHS APOLLO GLOBAL MANAGEMENT INC | $711,208 | $4,291,683 |
| 18,200 SHS BERKSHIRE HATHAWAY INC-CL B | $3,278,011 | $8,249,696 |
| 1,380 SHS INVESCO QQQ TRUST SERIES 1 | $249,497 | $705,497 |
| 2,200 SHS ISHARES RUSSELL 2000 ETF | $249,205 | $486,112 |
| 3,235 SHS SPDR S&P 500 ETF TRUST | $749,059 | $1,895,969 |
| 5,630 SHS VANGUARD S&P 500 ETF | $1,501,175 | $3,033,500 |
| 125 SHS ALAUNOS THERAPEUTICS INC | $190,241 | $238 |
| 5,691 SHS DINE BRANDS GLOBAL INC | $125,782 | $171,299 |
| 16,360 SHS BROADCOM INC | $0 | $3,792,902 |
| 203,176 SHS HAYWARD HOLDINGS INC | $865,178 | $3,106,561 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (17 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| CORAL ROCK INVESTMENTS L.P. | AT COST | $435,799 | $84,245 |
| JNE FUND LP | AT COST | $4,241,176 | $4,511,504 |
| MSD AQUA PARTNERS L.P. | AT COST | $41,395 | $0 |
| MSD CREDIT OPPORTUNITY FUND L.P. | AT COST | $2,744,930 | $1,760,731 |
| MSD ENERGY INVESTMENTS L.P. | AT COST | $224,220 | $3,071 |
| MSD GEO PARTNERS, L.P. | AT COST | $2,501,680 | $3,823,804 |
| MSD PRIVATE CREDIT OPPORTUNITY FUND L.P. | AT COST | $1,813,752 | $1,271,500 |
| MSD REAL ESTATE CREDIT OPPORTUNITY FUND LP | AT COST | $2,576,683 | $2,421,637 |
| MSD SPARROWHAWK L.P. | AT COST | $160,464 | $194,524 |
| MSD SPECIAL INVESTMENTS FUND (CAYMAN) LP | AT COST | $215,986 | $881,650 |
| PARALLAXES CAPITAL OPPORTUNITY FUND IV LP | AT COST | $548,803 | $803,314 |
| VALENCE8 DIRECTIONAL (OFFSHORE) LTD | AT COST | $15,000,000 | $17,486,367 |
| VALENCE8 DIVERSIFIED (OFFSHORE) LTD | AT COST | $15,000,000 | $16,743,883 |
| VALENCE8 PE 2022 (OFFSHORE) LP | AT COST | $1,190,276 | $1,579,647 |
| VALENCE8 PE 2023 CAYMAN FUND LP INV | AT COST | $939,649 | $1,194,329 |
| MSD PRIVATE CREDIT OPPORTUNITY FUND (CAYMAN), 2 LP | AT COST | $3,318,819 | $3,663,162 |
| VALENCE8 PE 2024 CAYMAN FUND LP INV | AT COST | $200,000 | $191,511 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp (2 entries)
| CategoryCategoryTxt | Legal FeesLegalFeesAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| LEGAL FEES | $985 | $0 | $0 |
| PROFESSIONAL FEES | $17,500 | $0 | $0 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DIFFERENCES BETWEEN FMV OF DONATED STOCK AND TAX COST BASIS | Desc |
| Amt | $12,969,636 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | GRANTMAKING SERVICE FEES | Desc |
| Revenue And Expenses Per Books | $150,000 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $150,000 | DisbursementsCharitablePrpsAmt |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (14 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| JNE FUND, LP | $255,924 | $255,924 | $255,924 |
| MSD CREDIT OPPORTUNITY FUND, LP | $246,971 | $247,037 | $246,971 |
| MSD PRIVATE CREDIT OPPORTUNITY FUND (CAYMAN), 2 LP | $113,275 | $113,275 | $113,275 |
| MSD SPARROWHAWK, LP | $3,409 | $3,409 | $3,409 |
| MSD ENERGY INVESTMENT LP | -$57 | -$57 | -$57 |
| CORAL ROCK INVESTMENTS LP | $7,507 | $7,507 | $7,507 |
| MSD AQUA PARTNERS LP | -$5,829 | -$5,829 | -$5,829 |
| MSD PCOF LP | $248,884 | $248,884 | $248,884 |
| MSD PCOF 2 LP | $158,655 | $158,655 | $158,655 |
| MSD REAL ESTATE CREDIT OPPORTUNITY FUND LP | $246,486 | $246,486 | $246,486 |
| MSD RING PARTNERS, LP | $7,638 | $8,973 | $7,638 |
| MSD GEO PARTNERS, LP | -$1,367 | -$1,367 | -$1,367 |
| PARALLAXES CAPITAL OPPORTUNITY FUND IV, L.P. | -$11,738 | -$11,738 | -$11,738 |
| UBTI FROM PARTNERSHIPS | $268,220 | $268,220 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BEGINNING OF YEAR VALUATION DIFFERENCES | Desc |
| Amt | $337,143 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DUE TO MSD RING PARTNERS, LP | Desc |
| BOY Book Value | $389,045 | BOYBookValueAmt |
| EOY Book Value | $162,608 | EOYBookValueAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FEDERAL EXCISE TAX | $31,000 | $0 | $0 |
| FOREIGN TAXES | $9,288 | $9,288 | $0 |
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