HAO FAMILY FOUNDATION: Form 990PF, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- HAO FAMILY FOUNDATION (EIN 47-3853918)
- Tax period
- 2017-01-01 to 2017-12-31
- Filed
- 2018-09-07
- IRS object ID
- 201812509349100601
- 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
- Schedule B
- Accounting Fees Schedule
- All Oth Prog Rltd Investments Sch
- Depreciation Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-09-07T07:11:17-05:00 | ReturnTs |
| Tax Period End | 2017-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Ayco Company LP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 860 | AddressLine1Txt |
| City | Saratoga Springs | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 128660860 | 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 | 473853918 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Hao Family Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % THE AYCO COMPANY | InCareOfNm |
| Business Name Control | HAOF | BusinessNameControlTxt |
| Phone | 5188864000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | c/o J Bernstein ayco po box 860 | AddressLine1Txt |
| City | saratoga springs | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 12866 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KENNETH Y HAO | PersonNm |
| Person Title | President | PersonTitleTxt |
| Phone | 5188864000 | PhoneNum |
| Signature | 2018-08-01 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Elizabeth VanTassel | PreparerPersonNm |
| PTIN | P01080611 | PTIN |
| Phone | 5188864000 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 12.47.208.34 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Federal Original Submission Id | 14257320182505000000 | FederalOriginalSubmissionId |
| Federal Original Submission Id | 2018-09-07 | FederalOriginalSubmissionIdDt |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 5F5009FCBC78FB53AFA8399830ED10AB63E20EF8 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 5F5009FCBC78FB53AFA8399830ED10AB63E20EF8 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2018-06-14 16:35:46Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $33,187,834 | 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 | $8,224,612 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $6,278 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $6,278 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $518,957 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $518,957 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $3,338,413 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $12,735,771 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $3,338,413 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | -$555 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | -$555 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $12,087,705 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $3,863,093 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $2,475 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $30,000 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $25,000 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $8,500 | OtherProfFeesRevAndExpnssAmt |
| Interest Rev And Expnss | $880 | InterestRevAndExpnssAmt |
| Taxes Rev And Expnss | $51,227 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $130 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $59,561 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $59,476 | OtherExpensesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $152,643 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $59,606 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $25,000 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $400,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $400,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $552,643 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $59,606 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $425,000 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $11,535,062 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $3,803,487 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $105,783 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $391,720 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $391,720 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $12,937,816 | CorporateStockBOYAmt |
| Corporate Stock EOY | $21,933,392 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $31,243,485 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $2,558,545 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $1,365,512 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $1,354,467 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $0 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $218,075 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $198,162 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $15,602,144 | TotalAssetsBOYAmt |
| Total Assets EOY | $23,908,699 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $33,187,834 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $15,602,144 | CapitalStockBOYAmt |
| Capital Stock EOY | $23,908,699 | CapitalStockEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $15,602,144 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $23,908,699 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $15,602,144 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $23,908,699 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $15,602,144 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $11,535,062 | ExcessRevenueOverExpensesAmt |
| Subtotal | $27,137,206 | SubtotalAmt |
| Other Decreases | $3,228,507 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $23,908,699 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (9 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| PUBLICLY TRADED SECURITIES - GS 7144 | P | $128,528 | $122,552 | $5,976 | $5,976 |
| PUBLICLY TRADED SECURITIES - GS 0844 | P | $104,594 | $105,469 | -$875 | -$875 |
| PUBLICLY TRADED SECURITIES - GS 8209 | P | $1,422,066 | $1,280,240 | $141,826 | $141,826 |
| PUBLICLY TRADED SECURITIES - GS 9295 | P | $333,008 | $294,829 | $38,179 | $38,179 |
| PUBLICLY TRADED SECURITIES - GS 6197 | P | $1,400,695 | $253,966 | $1,146,729 | $1,146,729 |
| PUBLICLY TRADED SECURITIES - GS 8092 | D | $7,322,478 | $5,386,409 | $1,936,069 | $1,936,069 |
| PUBLICLY TRADED SECURITIES - GS 8183 | P | $1,926,344 | $1,953,893 | -$27,549 | -$27,549 |
| GS 9295 OTHER GAIN | P | $468 | $468 | $468 | |
| CAPITAL GAIN DIVIDENDS | P | $97,590 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $3,338,413 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $6,038 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $11,439,538 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.000528 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $0 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $1,282,034 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.0 | DistributionYr2Rt |
| Total Distribution | 0.000528 | TotalDistributionRt |
| Average Distribution | 0.000264 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $26,669,178 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $7,041 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $38,035 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $45,076 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $425,000 | 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 | $38,035 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $38,035 | SubtotalAmt |
| Tax Based On Investment Income | $38,035 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $52,449 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $52,449 | TotalPaymentsAndCreditsAmt |
| Overpayment | $14,414 | OverpaymentAmt |
| Applied To ES Tax | $14,414 | 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 | CA | 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 | Yes (true) | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE AYCO COMPANY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5188864000 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 321 BROADWAY PO BOX 860 | AddressLine1Txt |
| City | saratoga springs | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 12866 | 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 |
| 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 (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 |
|---|---|---|---|---|---|---|---|---|
| Kenneth Y Hao | ||||||||
| c/o J Bernstein ayco po box 860 | saratoga springs | NY | 12866 | President - As Needed | 0 | $0 | $0 | $0 |
| Kathy P Chiao | ||||||||
| c/o J Bernstein ayco po box 860 | saratoga springs | NY | 12866 | Sec/Treas - As Needed | 0 | $0 | $0 | $0 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT BY CONTRIBUTIONS, OTHER ORGANIZATIONS EXEMPT UNDER INTERNAL | Description1Txt |
| Description2 | REVENUE CODE SECTION 501(C)(3) | Description2Txt |
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 | $26,025,008 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $985,830 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $64,470 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $27,075,308 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $27,075,308 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $406,130 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $26,669,178 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,333,459 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,333,459 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $38,035 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $38,035 | TotalTaxAmt |
| Distributable Before Adj | $1,295,424 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $1,295,424 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,295,424 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $425,000 | 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 | $425,000 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $38,035 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $386,965 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,295,424 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $399,588 | UndistributedIncomePYAmt |
| Prior Year1 | 2015 | PriorYear1Yr |
| Prior Year2 | 2014 | PriorYear2Yr |
| Prior Year3 | 2013 | PriorYear3Yr |
| Excess Distribution Cyov Yr1 | $0 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $425,000 | QualifyingDistributionsAmt |
| Applied To Year1 | $399,588 | AppliedToYear1Amt |
| Applied To Current Year | $25,412 | 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 |
| Undistributed Income CY | $1,270,012 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $0 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | KENNETH Y HAO | ContributingManagerNm |
| Shareholder Manager | NA | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| Menlo School | ||||||
| 50 Valparaiso Avenue | Atherton | CA | 94027 | none 501(c)(3) | general charitable purposes | $200,000 |
| Schwab Charitable Donor-Advised Fund | ||||||
| PO Box 628298 | Orlando | FL | 32862 | none 501(c)(3) | general charitable purposes | $200,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $400,000 | 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 | $6,278 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $518,957 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $3,338,413 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Investment Incm Part VII | OtherInvestmentIncmPartVIIGrp | |
| Gain Sales Ast Oth Than Invntry | GainSalesAstOthThanInvntryGrp | |
| 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 | OTHER INCOME | Desc |
| Exclusion | 01 | ExclusionCd |
| Exclusion | -$555 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $3,863,093 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $3,863,093 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | n/a | LineNumberTxt |
| Relationship Statement | Not Applicable | RelationshipStatementTxt |
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 (7 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|---|
| Kenneth Hao | |||||||
| 1 | C/O J Bernstein Ayco PO Box 860 | Saratoga Springs | NY | 12866 | $15,719 | Yes (X) | Yes (X) |
| Kenneth Hao | |||||||
| 2 | C/O J Bernstein Ayco PO Box 860 | Saratoga Springs | NY | 12866 | $767,965 | Yes (X) | Yes (X) |
| Kenneth Hao | |||||||
| 3 | C/O J Bernstein Ayco PO Box 860 | Saratoga Springs | NY | 12866 | $906,098 | Yes (X) | Yes (X) |
| Kenneth Hao | |||||||
| 4 | C/O J Bernstein Ayco PO Box 860 | Saratoga Springs | NY | 12866 | $2,560,974 | Yes (X) | Yes (X) |
| Kenneth Hao | |||||||
| 5 | C/O J Bernstein Ayco PO Box 860 | Saratoga Springs | NY | 12866 | $3,030,693 | Yes (X) | Yes (X) |
| Kenneth Hao | |||||||
| 6 | C/O J Bernstein Ayco PO Box 860 | Saratoga Springs | NY | 12866 | $905,507 | Yes (X) | Yes (X) |
| Kenneth Hao | |||||||
| 7 | C/O J Bernstein Ayco PO Box 860 | Saratoga Springs | NY | 12866 | $30,000 | Yes (X) | |
Non Cash Property Contribution NonCashPropertyContributionGrp (8 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | 5,758 shrs Zynga Inc | $15,719 | 2017-03-02 |
| 2 | 295 shrs Chegg Inc | $3,382 | 2017-05-16 |
| 3 | 19,561 shrs GoDaddy.com Inc | $767,965 | 2017-05-18 |
| 4 | 20,633 shrs GoDaddy.com Inc | $906,098 | 2017-09-11 |
| 5 | 24 shrs Facebook Inc | $4,274 | 2017-11-14 |
| 6 | Various - See Attached | $2,560,974 | 2017-08-14 |
| 7 | Various - See Attached | $3,030,693 | 2017-08-10 |
| 8 | Various - See Attached | $905,507 | 2017-08-14 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $30,000 | Amt |
| Disbursements Charitable Prps | $25,000 | DisbursementsCharitablePrpsAmt |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | N/A | Desc |
Depreciation Schedule DepreciationSchedule
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | GOLDMAN SACHS #8183 | BondNm |
| EOY Book Value | $1,365,512 | EOYBookValueAmt |
| EOYFMV | $1,354,467 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (8 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| GOLDMAN SACHS #6189 | $3,167,210 | $10,709,602 |
| GOLDMAN SACHS #6197 | $66,810 | $427,380 |
| GOLDMAN SACHS #8092 | $5,719,546 | $6,387,048 |
| GOLDMAN SACHS #8209 | $1,142,000 | $1,292,385 |
| GOLDMAN SACHS #9295 | $2,163,478 | $2,601,216 |
| GOLDMAN SACHS #7144 | $1,190,733 | $1,270,638 |
| GOLDMAN SACHS #0844 | $1,983,615 | $1,977,899 |
| GOLDMAN SACHS #5354 | $6,500,000 | $6,577,317 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| CADRE ACCESS LP | $174,493 | $153,652 |
| BROAD ST R/E CR PARTNERS III | $43,582 | $44,510 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $2,475 | LegalFeesAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| APPRECIATION OVER DONORS COST BASIS FOR | $0 |
| STOCK DONATED TO FOUNDATION | $3,228,507 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| MANAGEMENT FEES | $57,834 | $57,834 |
| CA FRANCHISE TAX BOARD | $10 | |
| STATE FILING FEES | $75 | |
| INVESTMENT FEES | $23 | $23 |
| FOREIGN EXCHANGE FEES | $153 | $153 |
| OTHER PORT DED 2% BROAD ST R/E | $1,466 | $1,466 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Guaranteed Pmts Broad St R/E cr III K-1 | $6 | $6 |
| Sec 988 Loss Broad St R/E CR III K-1 | -$561 | -$561 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | PROFESSIONAL FEES | CategoryTxt |
| Amt | $8,500 | Amt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| FEDERAL TAX PAID | $50,850 | |
| FOREIGN TAXES PAID | $130 | $130 |
| RECLAIMABLE TAX PAID | $247 |
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