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MUNGER CHARITABLE TR NUMBER THREE: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
MUNGER CHARITABLE TR NUMBER THREE (EIN 27-6085495)
Tax period
2016-06-01 to 2017-05-31
Filed
2017-10-04
IRS object ID
201702779349100950
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)
Return2017-10-04T12:58:34-05:00ReturnTs
Tax Period End2017-05-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DREYER ROBBINS & ASSOCIATESBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1355 S GRAND AVE STE 1710AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP900711532ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2016-06-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN276085495EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MUNGER CHARITABLE TRUST NUMBER THREEBusinessNameLine1Txt
Business Name Line2C/O WILLIAM H BORTHWICKBusinessNameLine2Txt
FieldValueIRS element (for citing)
In Care Of% DREYER ROBBINS & ASSOCIATESInCareOfNm
Business Name ControlMUNGBusinessNameControlTxt
Phone2136838790PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1300 SOUTH GRAND AVENUE 37TH FLOORAddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90071ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonWILLIAM BORTHWICKPersonNm
Person TitleTrusteePersonTitleTxt
Phone2136838790PhoneNum
Signature2017-09-01SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHAEL S DREYERPreparerPersonNm
PTINP00002084PTIN
Phone2136838790PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address45.59.221.2IPv4AddressTxt
FieldValueIRS element (for citing)
Federal Original Submission Id96005520172775000015FederalOriginalSubmissionId
Federal Original Submission Id2017-10-04FederalOriginalSubmissionIdDt
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdB98F16D370BF616580EB42804BAED7A959BC1ABAAtSubmissionCreationDeviceId
At Submission Filing Device IdB98F16D370BF616580EB42804BAED7A959BC1ABAAtSubmissionFilingDeviceId
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$358,291FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$0ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$1InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1InterestOnSavNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$11,865NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$20,089GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$11,865CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$11,866TotalRevAndExpnssAmt
Total Net Invst Incm$11,866TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Other Prof Fees Rev And Expnss$900OtherProfFeesRevAndExpnssAmt
Other Prof Fees Dsbrs Chrtbl$900OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$10TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$150OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$150OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$1,060TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$150TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$900TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$20,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$20,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$21,060TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$150TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$20,900TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$9,194ExcessRevenueOverExpensesAmt
Net Investment Income$11,716NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$4,711SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$3,741SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$3,741SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$150,293CorporateStockBOYAmt
Corporate Stock EOY$142,069CorporateStockEOYAmt
Corporate Stock EOYFMV$354,550CorporateStockEOYFMVAmt
Total Assets BOY$155,004TotalAssetsBOYAmt
Total Assets EOY$145,810TotalAssetsEOYAmt
Total Assets EOYFMV$358,291TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$155,004RetainedEarningBOYAmt
Retained Earning EOY$145,810RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$155,004TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$145,810TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$155,004TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$145,810TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$155,004TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$9,194ExcessRevenueOverExpensesAmt
Subtotal$145,810SubtotalAmt
Tot Net Ast Or Fund Balances EOY$145,810TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyBERKSHIRE HATHAWAY - CL B NEW; 124 SHPropertyDesc
Acquired2011-09-29AcquiredDt
Sold2017-05-12SoldDt
Gross Sales Price$20,089GrossSalesPriceAmt
Cost Or Other Basis$8,224CostOrOtherBasisAmt
Gain Or Loss$11,865GainOrLossAmt
Gains Minus Excess Or Losses$11,865GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$11,865CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$20,807AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$327,056NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.063619DistributionYr1Rt
Adjusted Qlfy Distri Yr2$15,439AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$350,991NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.043987DistributionYr2Rt
Adjusted Qlfy Distri Yr3$11,906AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$308,570NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.038584DistributionYr3Rt
Adjusted Qlfy Distri Yr4$11,808AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$259,227NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.045551DistributionYr4Rt
Adjusted Qlfy Distri Yr5$11,361AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$226,842NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.050083DistributionYr5Rt
Total Distribution0.241824TotalDistributionRt
Average Distribution0.048365AverageDistributionRt
Net Vl Noncharitable Assets$353,650NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$17,104AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$117NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$17,221AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$20,900QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$117InvestmentIncomeExciseTaxAmt
Subtotal$117SubtotalAmt
Tax Based On Investment Income$117TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$459EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$459TotalPaymentsAndCreditsAmt
Overpayment$342OverpaymentAmt
Applied To ES Tax$342AppliedToESTaxAmt

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 StateCAOrgReportOrRegisterStateCd
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 AddressNONEWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1DREYER ROBBINS & ASSOCIATESBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2136838790PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1355 S GRAND AVENUE SUITE 1710AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90071ZIPCd
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

FieldValueIRS element (for citing)
PersonWILLIAM H BORTHWICKPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1300 SOUTH GRAND AVENUE 37TH FLOORAddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90071ZIPCd
FieldValueIRS element (for citing)
TitleTRUSTEETitleTxt
Average Hrs Per Wk Devoted To Pos0AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
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$353,470AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$5,566AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$359,036TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$359,036AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$5,386CashDeemedCharitableAmt
Net Vl Noncharitable Assets$353,650NetVlNoncharitableAssetsAmt
Minimum Investment Return$17,683MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$17,683MinimumInvestmentReturnAmt
Tax Based On Investment Income$117TaxBasedOnInvestmentIncomeAmt
Total Tax$117TotalTaxAmt
Distributable Before Adj$17,566DistributableBeforeAdjAmt
Distributable Before Ded$17,566DistributableBeforeDedAmt
Distributable As Adjusted$17,566DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$20,900ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$20,900QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$117PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$20,783AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$17,566DistributableAsAdjustedAmt
Undistributed Income PY$12,456UndistributedIncomePYAmt
Prior Year12014PriorYear1Yr
Prior Year22013PriorYear2Yr
Prior Year32012PriorYear3Yr
Excess Distribution Cyov Yr1$0ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$0TotalExcessDistributionCyovAmt
Qualifying Distributions$20,900QualifyingDistributionsAmt
Applied To Year1$12,456AppliedToYear1Amt
Applied To Current Year$8,444AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$0TotalCorpusAmt
Undistributed Income CY$9,122UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$0ExcessDistriCyovToNextYrAmt
Excess From Current Year$0ExcessFromCurrentYearAmt
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 (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
POLYTECHNIC SCHOOL
1030 EAST CALIFORNIA BOULEVARDPASADENACA91106NONE501(C)(3)GENERAL SUPPORT$10,000
WESTRIDGE SCHOOL
324 MADELINE DRIVEPASADENACA91105NONE501(C)(3)GENERAL SUPPORT$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$20,000TotalGrantOrContriPdDurYrAmt

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$1ExclusionAmt
FieldValueIRS element (for citing)
Div And Int From Sec Part VIIDivAndIntFromSecPartVIIGrp
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$11,865ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$11,866ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$11,866TotalIncomeProducingActyAmt

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

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
1 SHS BERKSHIRE HATHAWAY CL A$99,488$248,440
1,010 SHS BERKSHIRE HATH. CL B$42,581$106,110

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescEMA ANNUAL FEEDesc
Revenue And Expenses Per Books$150RevenueAndExpensesPerBooksAmt
Net Investment Income$150NetInvestmentIncomeAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryTAX PREPARATIONCategoryTxt
Amt$900Amt
Disbursements Charitable Prps$900DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFRANCHISE TAX BOARDCategoryTxt
Amt$10Amt

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