BETA

POLSKY FOUNDATION: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
POLSKY FOUNDATION (EIN 65-1164639)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-11-15
IRS object ID
201713199349101141
Schema version
2016v3.1
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 ReturnHeader

FieldValueIRS element (for citing)
Return2017-11-15T09:53:18-06:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MILLER COOPER & CO LTDBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11751 Lake Cook Road Suite 400AddressLine1Txt
CityDeerfieldCityNm
State AbbreviationILStateAbbreviationCd
ZIP60015ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN651164639EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Polsky FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% MICHAEL P POLSKYInCareOfNm
Business Name ControlPOLSBusinessNameControlTxt
Phone3125821405PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1One South Wacker Drive Suite 1810AddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60606ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL P POLSKYPersonNm
Person TitleOFFICERPersonTitleTxt
Phone3125821402PhoneNum
Signature2017-11-01SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDAPHNE MCCOYPreparerPersonNm
PTINP00223571PTIN
Phone8472055000PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address12.40.81.66IPv4AddressTxt
FieldValueIRS element (for citing)
Federal Original Submission Id15866820173195000000FederalOriginalSubmissionId
Federal Original Submission Id2017-11-15FederalOriginalSubmissionIdDt
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id4BA5F4CE6053EE74176E8342105DD4790369F890AtSubmissionCreationDeviceId
At Submission Filing Device Id05F9FC3E61E10D65E604F7C762CB598E9D5CC986AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2017-02-10 21:41:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$9,565,739FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$988,031ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$6,381InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$6,381InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$0InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$54,474DividendsRevAndExpnssAmt
Dividends Net Invst Incm$54,474DividendsNetInvstIncmAmt
Dividends Adj Net Incm$0DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$210,983NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$10,851,023GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$210,983CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$11,118OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$11,118OtherIncomeNetInvstIncmAmt
Other Income Adj Net Incm$0OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$1,270,987TotalRevAndExpnssAmt
Total Net Invst Incm$282,956TotalNetInvstIncmAmt
Total Adj Net Incm$0TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Other Prof Fees Rev And Expnss$850OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$425OtherProfFeesNetInvstIncmAmt
Other Prof Fees Adj Net Incm$0OtherProfFeesAdjNetIncmAmt
Other Prof Fees Dsbrs Chrtbl$425OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$115TaxesRevAndExpnssAmt
Taxes Net Invst Incm$8TaxesNetInvstIncmAmt
Taxes Adj Net Incm$0TaxesAdjNetIncmAmt
Taxes Dsbrs Chrtbl$7TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$9,199OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$9,194OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm$0OtherExpensesAdjNetIncmAmt
Other Expenses Dsbrs Chrtbl$5OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$10,164TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$9,627TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$0TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$437TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,353,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,353,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,363,164TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$9,627TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$0TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$1,353,437TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$92,177ExcessRevenueOverExpensesAmt
Net Investment Income$273,329NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$5,908CashBOYAmt
Cash EOY$4,934CashEOYAmt
Cash EOYFMV$4,934CashEOYFMVAmt
Sav And Temp Cash Invst BOY$0SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$4,029,292SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$4,029,292SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$5,403,045CorporateStockBOYAmt
Corporate Stock EOY$0CorporateStockEOYAmt
Corporate Stock EOYFMV$0CorporateStockEOYFMVAmt
Other Investments BOY$0OtherInvestmentsBOYAmt
Other Investments EOY$5,531,513OtherInvestmentsEOYAmt
Other Investments EOYFMV$5,531,513OtherInvestmentsEOYFMVAmt
Total Assets BOY$5,408,953TotalAssetsBOYAmt
Total Assets EOY$9,565,739TotalAssetsEOYAmt
Total Assets EOYFMV$9,565,739TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$5,408,953RetainedEarningBOYAmt
Retained Earning EOY$9,565,739RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$5,408,953TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$9,565,739TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$5,408,953TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$9,565,739TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$5,408,953TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$92,177ExcessRevenueOverExpensesAmt
Other Increases$4,248,963OtherIncreasesAmt
Subtotal$9,565,739SubtotalAmt
Tot Net Ast Or Fund Balances EOY$9,565,739TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPUBLICLY TRADED SECURITIESPropertyDesc
Gross Sales Price$10,851,023GrossSalesPriceAmt
Cost Or Other Basis$10,640,040CostOrOtherBasisAmt
Gain Or Loss$210,983GainOrLossAmt
Gains Minus Excess Or Losses$210,983GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$210,983CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$1,187AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$794,302NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.001494DistributionYr1Rt
Adjusted Qlfy Distri Yr2$279,968AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$36,671NetVlNoncharitableAssetsYr2Amt
Distribution Yr27.634589DistributionYr2Rt
Adjusted Qlfy Distri Yr3$65,397AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$296,200NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.220787DistributionYr3Rt
Adjusted Qlfy Distri Yr4$244,296AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$404,309NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.604231DistributionYr4Rt
Adjusted Qlfy Distri Yr5$294,461AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$678,982NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.43368DistributionYr5Rt
Total Distribution8.894781TotalDistributionRt
Average Distribution1.778956AverageDistributionRt
Net Vl Noncharitable Assets$8,869,331NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$15,778,150AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$2,733NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$15,780,883AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$1,353,437QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$5,467InvestmentIncomeExciseTaxAmt
Subtotal$5,467SubtotalAmt
Tax Based On Investment Income$5,467TaxBasedOnInvestmentIncomeAmt
Total Payments And Credits$0TotalPaymentsAndCreditsAmt
Es Penalty$162EsPenaltyAmt
Tax Due$5,629TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateILOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1MICHAEL P POLSKYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3125821402PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1ONE SOUTH WACKER DRIVE SUITE 1810AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60606ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
MICHAEL P POLSKY
One South Wacker Drive Suite 1810ChicagoIL60606PRESIDENT AND DIRECTOR0$0$0$0
JONATHAN TAIBER
One South Wacker Drive Suite 1810ChicagoIL60606TREASURER AND DIRECTOR0$0$0$0
DAVID CANMANN
111 W WASHINGTON SUITE 823CHICAGOIL60602SECRETARY AND DIRECTOR0$0$0$0
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$7,996,566AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$5,424AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$1,002,407FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$9,004,397TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$9,004,397AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$135,066CashDeemedCharitableAmt
Net Vl Noncharitable Assets$8,869,331NetVlNoncharitableAssetsAmt
Minimum Investment Return$443,467MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$443,467MinimumInvestmentReturnAmt
Tax Based On Investment Income$5,467TaxBasedOnInvestmentIncomeAmt
Total Tax$5,467TotalTaxAmt
Distributable Before Adj$438,000DistributableBeforeAdjAmt
Distributable Before Ded$438,000DistributableBeforeDedAmt
Distributable As Adjusted$438,000DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,353,437ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$1,353,437QualifyingDistributionsAmt
Adjusted Qualifying Distri$1,353,437AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$438,000DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Prior Year12014PriorYear1Yr
Prior Year22013PriorYear2Yr
Prior Year32012PriorYear3Yr
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr5$223,062ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$225,489ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$51,471ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$280,492ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$780,514TotalExcessDistributionCyovAmt
Qualifying Distributions$1,353,437QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Current Year$438,000AppliedToCurrentYearAmt
Remaining Distri From Corpus$915,437RemainingDistriFromCorpusAmt
Total Corpus$1,695,951TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$223,062ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$1,472,889ExcessDistriCyovToNextYrAmt
Excess From Year4$225,489ExcessFromYear4Amt
Excess From Year3$51,471ExcessFromYear3Amt
Excess From Year2$280,492ExcessFromYear2Amt
Excess From Current Year$915,437ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
American Committee for Weizmann Institute
180 N LaSalle Dr 3110ChicagoIL60601PCGENERAL FUND$50,000
University of Chicago
5801 S Ellis AveChicagoIL60637PCGENERAL FUND$1,000,000
Jewish Federation of Metropolitan Chicago
30 S Wells StChicagoIL60606PCGENERAL FUND$3,000
Northwestern Memorial Foundation
251 E Huron St Suite 3-200ChicagoIL60611PCGENERAL FUND$200,000
Field Museum
1400 S Lake Shore DrChicagoIL60605PCGENERAL FUND$15,000
Urological Research Foundation
120 S Central Ave Ste 500St LouisMO63105PCGENERAL FUND$10,000
US Olympic & Paralympic Foundation
1 Olympic PlazaColorado SpringsCO80909PCGENERAL FUND$75,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,353,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$6,381ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$54,474ExclusionAmt
FieldValueIRS element (for citing)
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment Incm Part VIIOtherInvestmentIncmPartVIIGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$210,983ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescTACONIC CRE DISLOCATION FUND K-1Desc
Exclusion16ExclusionCd
Exclusion$11,118ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$282,956ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$282,956TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonMICHAEL P POLSKYContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1ONE SOUTH WACKER DRIVE SUITE 1810AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60606ZIPCd
FieldValueIRS element (for citing)
Total Contributions$988,031TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash Property84,375 SHARES DEL TACONoncashPropertyDesc
Fair Market Value$988,031FairMarketValueAmt
Received2016-09-27ReceivedDt

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockCORPORATE STOCKStockNm
EOY Book Value$0EOYBookValueAmt
EOYFMV$0EOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Category Or ItemCategoryOrItemTxtBook ValueBookValueAmtEOYFMVEOYFMVAmt
PINEHURST INSTITUTION$5,000,000$5,000,000
TACONIC CRE INVESTMENT FUNDS$531,513$531,513

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FILING FEES$10$5$0$5
OTHER EXPENSES$9,189$9,189$0$0

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescTACONIC CRE DISLOCATION FUND K-1Desc
Revenue And Expenses Per Books$11,118RevenueAndExpensesPerBooksAmt
Net Investment Income$11,118NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescPY BV TO FMV DIFFERENCEDesc
Amt$4,248,963Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryPROFESSIONAL FEES - OTHERCategoryTxt
Amt$850Amt
Net Investment Income$425NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$425DisbursementsCharitablePrpsAmt

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonMICHAEL P POLSKYPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1ONE SOUTH WACKER DRIVE SUITE 1810AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60606ZIPCd

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategorySTATE TAXES - ILCategoryTxt
Amt$115Amt
Net Investment Income$8NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$7DisbursementsCharitablePrpsAmt

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