LAKONISHOK FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
LAKONISHOK FOUNDATION (EIN 46-3460720)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-17
IRS object ID
202523219349102062
Schema version
2024v5.2
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)
Return2025-11-17T09:12:34-00:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN364412474PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1OVERSTREET WILBERG & ASSOCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12918 CROSSING CT STE C-1AddressLine1Txt
CityCHAMPAIGNCityNm
State AbbreviationILStateAbbreviationCd
ZIP61822ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN463460720EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LAKONISHOK FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLAKOBusinessNameControlTxt
Phone2173569199PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11943 N BURLINGAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60614ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJOSEF LAKONISHOKPersonNm
Person TitlePresidentPersonTitleTxt
Phone2173569199PhoneNum
Signature2025-11-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRICHARD WILBERGPreparerPersonNm
PTINP00032976PTIN
Phone2173569199PhoneNum
Preparation2025-11-17PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$9,534,720FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$3,653,410ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$516,131DividendsRevAndExpnssAmt
Dividends Net Invst Incm$516,131DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$1,754,894NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$2,001,416GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$1,754,894CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$5,924,435TotalRevAndExpnssAmt
Total Net Invst Incm$2,271,025TotalNetInvstIncmAmt
Taxes Rev And Expnss$10,326TaxesRevAndExpnssAmt
Taxes Net Invst Incm$10,326TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$10,326TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$10,326TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$2,185,163ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$2,185,163ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$2,195,489TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$10,326TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$2,185,163TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$3,728,946ExcessRevenueOverExpensesAmt
Net Investment Income$2,260,699NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash EOY$387,635CashEOYAmt
Cash EOYFMV$387,635CashEOYFMVAmt
Sav And Temp Cash Invst BOY$208,744SavAndTempCashInvstBOYAmt
Corporate Stock BOY$7,703,342CorporateStockBOYAmt
Corporate Stock EOY$8,070,377CorporateStockEOYAmt
Corporate Stock EOYFMV$9,147,085CorporateStockEOYFMVAmt
Total Assets BOY$7,912,086TotalAssetsBOYAmt
Total Assets EOY$8,458,012TotalAssetsEOYAmt
Total Assets EOYFMV$9,534,720TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$7,912,086RetainedEarningBOYAmt
Retained Earning EOY$8,458,012RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$7,912,086TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$8,458,012TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$7,912,086TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$8,458,012TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$7,912,086TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$3,728,946ExcessRevenueOverExpensesAmt
Subtotal$11,641,032SubtotalAmt
Other Decreases$3,183,020OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$8,458,012TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
BLACKSTONE INCD2012-08-312024-01-16$589,566$37,669$551,897$551,897
EATON CORPD2015-12-212024-01-16$728,008$121,139$606,869$606,869
SEAGATE TECH LTDD2010-10-152024-01-16$507,651$87,714$419,937$419,937
FieldValueIRS element (for citing)
Capital Gain Net Income$1,754,894CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Ruling Letter2013-12-03RulingLetterDt
Investment Income Excise Tax$31,424InvestmentIncomeExciseTaxAmt
Subtotal$31,424SubtotalAmt
Tax Based On Investment Income$31,424TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$4,734EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$4,734TotalPaymentsAndCreditsAmt
Original Return Tax Paid$4,734OriginalReturnTaxPaidAmt
Es Penalty$406EsPenaltyAmt
Tax Due$27,096TaxDueAmt

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 SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateILOrgReportOrRegisterStateCd
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 BooksJOSEF LAKONISHOKIndividualWithBooksNm
Phone3124602326PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11943 N BURLINGAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60614ZIPCd
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
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
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonJOSEF LAKONISHOKPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11943 N BURLING STAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60614ZIPCd
FieldValueIRS element (for citing)
TitlePRESTitleTxt
Average Hrs Per Wk Devoted To Pos010.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt
Expenses1$0Expenses1Amt

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$645,272AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$32,303AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$677,575TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$677,575AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$10,164CashDeemedCharitableAmt
Net Vl Noncharitable Assets$667,411NetVlNoncharitableAssetsAmt
Minimum Investment Return$33,371MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$33,371MinimumInvestmentReturnAmt
Tax Based On Investment Income$31,424TaxBasedOnInvestmentIncomeAmt
Total Tax$31,424TotalTaxAmt
Distributable Before Adj$1,947DistributableBeforeAdjAmt
Distributable Before Ded$1,947DistributableBeforeDedAmt
Distributable As Adjusted$1,947DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$2,185,163ExpensesAndContributionsAmt
Qualifying Distributions$2,185,163QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,947DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$1,120,860ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$939,207ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$1,228,000ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$1,012,769ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$1,754,897ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$6,055,733TotalExcessDistributionCyovAmt
Qualifying Distributions$2,185,163QualifyingDistributionsAmt
Applied To Current Year$1,947AppliedToCurrentYearAmt
Remaining Distri From Corpus$2,183,216RemainingDistriFromCorpusAmt
Total Corpus$8,238,949TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$1,120,860ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$7,118,089ExcessDistriCyovToNextYrAmt
Excess From Year4$939,207ExcessFromYear4Amt
Excess From Year3$1,228,000ExcessFromYear3Amt
Excess From Year2$1,012,769ExcessFromYear2Amt
Excess From Year1$1,754,897ExcessFromYear1Amt
Excess From Current Year$2,183,216ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerJOSEF LAKONISHOKContributingManagerNm
Shareholder ManagerNONEShareholderManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (17 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
JOFFREY BALLET
50 E CONGRESS PKWYCHICAGOIL60605NONEPCARTS$800,563
LINCOLN PARK ZOO
2001 N CLARKCHICAGOIL60614NONEPCEDUCATION$1,000
OPERATION SMILE
3641 FACULTY BLVDVIRGINIA BEACHVA23453NONEPCPUBLIC HEALTH$2,000
LYRIC OPERA OF CHICAGO
20 N UPPER WACKERCHICAGOIL60606NONEPCARTS$250,000
HOLOCAUST MUSEUM
100 RAUL WALLENBURG PLWASHINGTONDC20024NONEPCEDUCATION$1,000
NORTHWESTERN MEDICAL SCHOOL
303 E CHICAGOCHICAGOIL60611NONEPCEDUCATION$25,000
HAND IN HAND USA
710 ST JOSEPHS DROAK BROOKIL60523NONEPCCHARITY$25,000
ART INSTITUTE
111 S MICHIGAN AVECHICAGOIL60603NONEPCARTS$250,000
FIDF
P O BOX 4224NEW YORKNY10163NONEPCCHARITY$140,000
UNIVERSITY OF ILLINOIS
1305 W GREEN STURBANAIL61801NONEPCEDUCATION$200,000
CHICAGO SYMPHONY ORCHESTRA
220 S MICHIGAN AVECHICAGOIL60604NONEPCARTS$375,000
NAVY SEAL FOUNDATION
1619 D STVIRGINIA BEACHVA23459NONEPCCHARITY - US MILITARY$100,000
COLLEGE POSSIBLE CHICAGO
833 N ORLEANSCHICAGOIL60610NONEPCEDUCATION$10,000
DOCTORS WITHOUT BORDERS
40 RECTOR ST 16TH FLOORNEW YORKNY10006NONEPCPUBLIC HEALTH$1,000
NORTHWESTERNKESAN CAMP
303 E CHICAGOCHICAGOIL60611NONEPCEDUCATION$2,600
GIFT FROM A CHILD
PO BOX 9716FEDERAL WAYWA98063NONEPCCHARITY$500
PANCAN
2101 ROSECRANS AVE STE 3200EL SEGUNDOCA90245NONEPCCHARITY$1,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$2,185,163TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$516,131ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$1,754,894ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$2,271,025ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$2,271,025TotalIncomeProducingActyAmt

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 Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1JOSEF LAKONISHOKBusinessNameLine1Txt

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line11943 N BURLINGAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60614ZIPCd
FieldValueIRS element (for citing)
Total Contributions$3,653,410TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (11 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
27250 shares of ATT$723,034$620,483
94971 shares of LSV VALUE EQUITY INST$2,618,639$2,489,201
6592 shares of WARNER BROS$220,796$69,677
28500 shares of PROSPECT CAP CORP$183,457$122,835
40000 shares of SABRA HEALTH HEALTH CARE REIT$827,252$692,800
25715 shares of VERIZON$1,104,976$1,028,343
49785 shares of LSV EMERGING MARKETS$590,302$581,490
35000 shares of ABN AMRO BANK$655,537$539,651
60130 shares of LSV SMALL CAP VALUE INST$642,701$1,116,613
13000 shares of ALLIANCE BERSTEIN HOLDINGS$375,670$482,170
8632 shares of APPLIED MATERIALS$128,013$1,403,822

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescUNREALIZED NET GAINS/LOSSESDesc
Amt$3,183,020Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAXES WITHHELDCategoryTxt
Amt$10,326Amt
Net Investment Income$10,326NetInvestmentIncomeAmt

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