HERTZ AND LIBBY HASENFELD CHARITABLE FOUNDATION TR: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
HERTZ AND LIBBY HASENFELD CHARITABLE FOUNDATION TR (EIN 11-6579799)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-05-15
IRS object ID
201701359349103375
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)
Return2017-05-15T12:08:44-07:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Morris Teichman & Co PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12 WEST 45TH STREET STE1102AddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP100364213ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN116579799EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1HERTZ AND LIBBY HASENFELD CHARITABLEBusinessNameLine1Txt
Business Name Line2FOUNDATION TRBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlHERTBusinessNameControlTxt
Phone7184368141PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11459 54TH STREETAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11219ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonHERTZ HASENFELDPersonNm
Person TitlePresidentPersonTitleTxt
Signature2017-05-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDAVID TEICHMANPreparerPersonNm
PTINP00637844PTIN
Phone2127269192PhoneNum
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$993,074FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$172,015ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$264InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$264InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$22,251DividendsRevAndExpnssAmt
Dividends Net Invst Incm$22,251DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$13,906NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$353,151GrossSalesPriceAmt
Total Rev And Expnss$180,624TotalRevAndExpnssAmt
Total Net Invst Incm$22,515TotalNetInvstIncmAmt
Taxes Rev And Expnss$704TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$250TaxesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$704TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$250TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$358,676ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$358,676ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$359,380TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$358,926TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$178,756ExcessRevenueOverExpensesAmt
Net Investment Income$22,515NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$598,631SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$791,904SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$791,904SavAndTempCashInvstEOYFMVAmt
Corporate Bonds BOY$573,620CorporateBondsBOYAmt
Corporate Bonds EOY$201,591CorporateBondsEOYAmt
Corporate Bonds EOYFMV$201,170CorporateBondsEOYFMVAmt
Total Assets BOY$1,172,251TotalAssetsBOYAmt
Total Assets EOY$993,495TotalAssetsEOYAmt
Total Assets EOYFMV$993,074TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$1,172,251UnrestrictedBOYAmt
Unrestricted EOY$993,495UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$1,172,251TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$993,495TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,172,251TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$993,495TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,172,251TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$178,756ExcessRevenueOverExpensesAmt
Subtotal$993,495SubtotalAmt
Tot Net Ast Or Fund Balances EOY$993,495TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
250000 BANK OF AMERICAP2015-03-022016-11-29$253,151$267,057-$13,906-$13,906
100000 MERRILL LYNCH & COMPANYD2014-05-132016-05-16$100,000$100,000
FieldValueIRS element (for citing)
Capital Gain Net Income-$13,906CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$272,459AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$1,241,789NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.21941DistributionYr1Rt
Adjusted Qlfy Distri Yr2$361,528AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$1,406,171NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.25710DistributionYr2Rt
Adjusted Qlfy Distri Yr3$68,528AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$66,711NetVlNoncharitableAssetsYr3Amt
Distribution Yr31.02724DistributionYr3Rt
Adjusted Qlfy Distri Yr4$109,287AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$51,216NetVlNoncharitableAssetsYr4Amt
Distribution Yr42.13385DistributionYr4Rt
Adjusted Qlfy Distri Yr5$221,954AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$95,781NetVlNoncharitableAssetsYr5Amt
Distribution Yr52.31731DistributionYr5Rt
Total Distribution5.954898TotalDistributionRt
Average Distribution1.190980AverageDistributionRt
Net Vl Noncharitable Assets$1,025,765NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$1,221,666AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$225NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$1,221,891AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$358,926QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$450InvestmentIncomeExciseTaxAmt
Subtotal$450SubtotalAmt
Tax Based On Investment Income$450TaxBasedOnInvestmentIncomeAmt
Tax Due$450TaxDueAmt

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
Form990 T FiledfalseForm990TFiledInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateNYOrgReportOrRegisterStateCd
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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1LIBBY HASENFELDBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2125750290PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11459 54TH STREETAddressLine1Txt
CityBrooklynCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11219ZIPCd
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
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd

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 PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
HERTZ HASENFELD
1459 54TH STREETBROOKLYNNY11219President0.00$0
LIBBY HASENFELD
1459 54TH STREETBROOKLYNNY11219Secretary0.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$462,692AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$578,694AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,041,386TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,041,386AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$15,621CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,025,765NetVlNoncharitableAssetsAmt
Minimum Investment Return$51,288MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$51,288MinimumInvestmentReturnAmt
Tax Based On Investment Income$450TaxBasedOnInvestmentIncomeAmt
Total Tax$450TotalTaxAmt
Distributable Before Adj$50,838DistributableBeforeAdjAmt
Distributable Before Ded$50,838DistributableBeforeDedAmt
Distributable As Adjusted$50,838DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$358,926ExpensesAndContributionsAmt
Qualifying Distributions$358,926QualifyingDistributionsAmt
Adjusted Qualifying Distri$358,926AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$50,838DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$217,180ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$106,726ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$65,192ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$292,928ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$210,824ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$892,850TotalExcessDistributionCyovAmt
Qualifying Distributions$358,926QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$50,838AppliedToCurrentYearAmt
Remaining Distri From Corpus$308,088RemainingDistriFromCorpusAmt
Total Corpus$1,200,938TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$217,180ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$983,758ExcessDistriCyovToNextYrAmt
Excess From Year4$106,726ExcessFromYear4Amt
Excess From Year3$65,192ExcessFromYear3Amt
Excess From Year2$292,928ExcessFromYear2Amt
Excess From Year1$210,824ExcessFromYear1Amt
Excess From Current Year$308,088ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonHERTZ HASENFELDRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line11459 54TH STREETAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11219ZIPCd
FieldValueIRS element (for citing)
Form And Info And MaterialsGENERAL INFORMATION REGARDING ORGANIZATION AND TELEPHONE NUMBERFormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsNONERestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonSee Schedule AttachedRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1C/O ORGANIZATIONAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11204ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationshipTxt
Recipient Foundation StatusEXEMPTRecipientFoundationStatusTxt
Grant Or Contribution PurposeUNRESTRICTED GENERAL SUPPORTGrantOrContributionPurposeTxt
Amt$358,676Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$358,676TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$264RelatedOrExemptFunctionIncmAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$22,251RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$13,906RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$8,609RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$8,609TotalIncomeProducingActyAmt

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 PersonHERTZ LIBBY HASENFELDContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line11459 54TH STREETAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11219ZIPCd
FieldValueIRS element (for citing)
Total Contributions$172,015TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp (4 entries)

BondBondNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
MERRILL LYNCH & COMPANY
SYNOVUS FINANCIAL CORP$101,005$101,170
AVIS BUDGET CAR/FINANCE$100,586$100,000
BANK OF AMERICA CORP

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FEDERAL EXCISE TAX$454
NYS FILING FEE$250$250

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