BETA

PATTERSON FAMILY FOUNDATION: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
PATTERSON FAMILY FOUNDATION (EIN 35-6975288)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-11-13
IRS object ID
201743179349102454
Schema version
2016v3.0
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)
Return2017-11-13T18:07:44-05:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN134125221PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PEYSER & ALEXANDER MGMT INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1500 FIFTH AVE 2700AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10110ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN356975288EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE PATTERSON FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPATTBusinessNameControlTxt
Phone2127646455PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O 500 FIFTH AVE STE 2700AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10110ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJAMES B PATTERSONPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone2127646455PhoneNum
Signature2017-11-13SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMARK WEISSPreparerPersonNm
PTINP00642536PTIN
Phone2127646455PhoneNum
Preparation2017-11-13PreparationDt

Filing Security Information FilingSecurityInformation

FieldValueIRS element (for citing)
At Submission Creation Device Id593C9D79BD4A9E13AB59F94CCDA4171337A07DF5AtSubmissionCreationDeviceId
At Submission Filing Device Id68208D8631F8BE183C05F44328D19A4658D23946AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2018-03-14 21:41:22ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$25,561,529FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$17,512,452ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$162,542DividendsRevAndExpnssAmt
Dividends Net Invst Incm$162,542DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$3,528,110NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$15,508,093GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$3,528,110CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$21,203,104TotalRevAndExpnssAmt
Total Net Invst Incm$3,690,652TotalNetInvstIncmAmt
Legal Fees Rev And Expnss$7,465LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$3,731LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl$3,731LegalFeesDsbrsChrtblAmt
Taxes Rev And Expnss$302,198TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$309,663TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$3,731TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$3,731TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$14,127,753ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$14,127,753ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$14,437,416TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$3,731TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$14,131,484TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$6,765,688ExcessRevenueOverExpensesAmt
Net Investment Income$3,686,921NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$17,681,667CashBOYAmt
Cash EOY$4,259,498CashEOYAmt
Cash EOYFMV$4,259,498CashEOYFMVAmt
Corporate Stock BOY$4,448,307CorporateStockBOYAmt
Corporate Stock EOY$19,673,149CorporateStockEOYAmt
Corporate Stock EOYFMV$21,302,031CorporateStockEOYFMVAmt
Total Assets BOY$22,129,974TotalAssetsBOYAmt
Total Assets EOY$23,932,647TotalAssetsEOYAmt
Total Assets EOYFMV$25,561,529TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$22,129,974UnrestrictedBOYAmt
Unrestricted EOY$23,932,647UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$22,129,974TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$23,932,647TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$22,129,974TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$23,932,647TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$22,129,974TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$6,765,688ExcessRevenueOverExpensesAmt
Subtotal$28,895,662SubtotalAmt
Other Decreases$4,963,015OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$23,932,647TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (6 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmtCost Or Other BasisCostOrOtherBasisAmt
JP MORGAN - SEE ATTACHEDP2016-01-012016-12-31$133$133$133
JP MORGAN - SEE ATTACHEDP2012-01-012016-12-31$11,015,608$2,240,790$2,240,790$8,774,818
JP MORGAN - SEE ATTACHEDP2016-01-012016-12-31$469,358-$834-$834$470,192
UBS - SEE ATTACHEDP2012-01-012016-12-31$3,734,807$1,162,001$1,162,001$2,572,806
UBS - SEE ATTACHEDP2012-01-012016-12-31$288,175$126,008$126,008$162,167
JP MORGAN - SEE ATTACHEDP2016-01-012016-12-31$12$12$12
FieldValueIRS element (for citing)
Capital Gain Net Income$3,528,110CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$689NetShortTermCapitalGainLossAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$12,341,723AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$18,572,095NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.664530DistributionYr1Rt
Adjusted Qlfy Distri Yr2$2,942,546AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$11,336,273NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.259569DistributionYr2Rt
Adjusted Qlfy Distri Yr3$2,226,818AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$1,392,547NetVlNoncharitableAssetsYr3Amt
Distribution Yr31.599097DistributionYr3Rt
Adjusted Qlfy Distri Yr4$321,742AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$305,202NetVlNoncharitableAssetsYr4Amt
Distribution Yr41.054194DistributionYr4Rt
Total Distribution3.577390TotalDistributionRt
Average Distribution0.894348AverageDistributionRt
Net Vl Noncharitable Assets$23,488,064NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$21,006,503AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$36,869NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$21,043,372AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$14,131,484QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$73,738InvestmentIncomeExciseTaxAmt
Subtotal$73,738SubtotalAmt
Tax Based On Investment Income$73,738TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$200,000EstimatedPlusOvpmtIncmTxAmt
Applied To Es Tax$100,000AppliedToEsTaxAmt
Total Payments And Credits$300,000TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$214EsPenaltyAmt
Overpayment$226,048OverpaymentAmt
Applied To ES Tax$126,048AppliedToESTaxAmt
Refund$100,000RefundAmt

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
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateFLOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksPEYSER AND ALEXANDER MANAGEMENT INCIndividualWithBooksNm
Phone2127646455PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1500 FIFTH AVE 2700AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10110ZIPCd
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
Undistributed Income PYfalseUndistributedIncomePYInd
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
JAMES B PATTERSON
C/O PEYSER 500 FIFTH AVE STE 2700NEW YORKNY10110TRUSTEE1.00$0$0$0
SUSAN SOLIE PATTERSON
C/O PEYSER 500 FIFTH AVE STE 2700NEW YORKNY10110TRUSTEE1.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$12,875,168AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$10,970,582AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$23,845,750TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$23,845,750AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$357,686CashDeemedCharitableAmt
Net Vl Noncharitable Assets$23,488,064NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,174,403MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,174,403MinimumInvestmentReturnAmt
Tax Based On Investment Income$73,738TaxBasedOnInvestmentIncomeAmt
Total Tax$73,738TotalTaxAmt
Distributable Before Adj$1,100,665DistributableBeforeAdjAmt
Distributable Before Ded$1,100,665DistributableBeforeDedAmt
Distributable As Adjusted$1,100,665DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$14,131,484ExpensesAndContributionsAmt
Qualifying Distributions$14,131,484QualifyingDistributionsAmt
Adjusted Qualifying Distri$14,131,484AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,100,665DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$321,700ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$2,175,357ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$2,457,088ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$11,608,585ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$16,562,730TotalExcessDistributionCyovAmt
Qualifying Distributions$14,131,484QualifyingDistributionsAmt
Applied To Current Year$1,100,665AppliedToCurrentYearAmt
Remaining Distri From Corpus$13,030,819RemainingDistriFromCorpusAmt
Total Corpus$29,593,549TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$29,593,549ExcessDistriCyovToNextYrAmt
Excess From Year4$321,700ExcessFromYear4Amt
Excess From Year3$2,175,357ExcessFromYear3Amt
Excess From Year2$2,457,088ExcessFromYear2Amt
Excess From Year1$11,608,585ExcessFromYear1Amt
Excess From Current Year$13,030,819ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonJAMES B PATTERSONRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1C/O PEYSERAddressLine1Txt
Address Line2500 FIFTH AVENUE SUITE 2700AddressLine2Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10110ZIPCd
FieldValueIRS element (for citing)
Recipient Phone2127646455RecipientPhoneNum
Form And Info And MaterialsNO SPECIFICFormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsNONERestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonSEE ATTACHED LISTRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1VARIOUSAddressLine1Txt
Address Line2VARIOUSAddressLine2Txt
CityVARIOUSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10110ZIPCd
FieldValueIRS element (for citing)
Grant Or Contribution PurposeCHARITABLEGrantOrContributionPurposeTxt
Amt$14,127,753Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$14,127,753TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$162,542ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$3,528,110ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$3,690,652ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$3,690,652TotalIncomeProducingActyAmt

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

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockINVESTMENT IN SECURITYStockNm
EOY Book Value$19,673,149EOYBookValueAmt
EOYFMV$21,302,031EOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLEGAL FEESCategoryTxt
Legal Fees$7,465LegalFeesAmt
Net Investment Income$3,731NetInvestmentIncomeAmt
Disbursements Charitable Prps$3,731DisbursementsCharitablePrpsAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescUNREALIZED LOSSDesc
Amt$4,963,015Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL EXCISE TAXCategoryTxt
Amt$302,198Amt

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