HERTZ AND LIBBY HASENFELD CHARITABLE FOUNDATION TR: Form 990PF, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
HERTZ AND LIBBY HASENFELD CHARITABLE FOUNDATION TR (EIN 11-6579799)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-05-12
IRS object ID
201541329349103419
Schema version
2014v5.0
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)
Return2015-05-12T19:00:22-07:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

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 Begin2014-01-01TaxPeriodBeginDt

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
Signature2015-05-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDAVID TEICHMANPreparerPersonNm
PTINP00637844PTIN
Phone2127269192PhoneNum
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-02-25 16:41:14ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,353,118FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$130,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$100InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$100InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$3,874DividendsRevAndExpnssAmt
Dividends Net Invst Incm$3,874DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$81,500NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,575,000GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$81,500CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$215,474TotalRevAndExpnssAmt
Total Net Invst Incm$85,474TotalNetInvstIncmAmt
Taxes Rev And Expnss$250TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$250TaxesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$250TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$250TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$361,278ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$361,278ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$361,528TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$361,528TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$146,054ExcessRevenueOverExpensesAmt
Net Investment Income$85,474NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$8,880CashBOYAmt
Sav And Temp Cash Invst BOY$3,416SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$1,045,953SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$1,045,953SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$1,493,500CorporateStockBOYAmt
Corporate Bonds EOY$313,790CorporateBondsEOYAmt
Corporate Bonds EOYFMV$307,165CorporateBondsEOYFMVAmt
Total Assets BOY$1,505,796TotalAssetsBOYAmt
Total Assets EOY$1,359,743TotalAssetsEOYAmt
Total Assets EOYFMV$1,353,118TotalAssetsEOYFMVAmt
Other Liabilities EOY$1OtherLiabilitiesEOYAmt
Total Liabilities EOY$1TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$1,505,796UnrestrictedBOYAmt
Unrestricted EOY$1,359,742UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$1,505,796TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,359,742TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,505,796TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,359,743TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,505,796TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$146,054ExcessRevenueOverExpensesAmt
Subtotal$1,359,742SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,359,742TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$81,500CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$68,528AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$66,711NetVlNoncharitableAssetsYr1Amt
Distribution Yr11.02724DistributionYr1Rt
Adjusted Qlfy Distri Yr2$109,287AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$51,216NetVlNoncharitableAssetsYr2Amt
Distribution Yr22.13385DistributionYr2Rt
Adjusted Qlfy Distri Yr3$221,954AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$95,781NetVlNoncharitableAssetsYr3Amt
Distribution Yr32.31731DistributionYr3Rt
Adjusted Qlfy Distri Yr4$141,293AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$153,920NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.91796DistributionYr4Rt
Adjusted Qlfy Distri Yr5$183,654AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$225,987NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.81268DistributionYr5Rt
Total Distribution7.20903TotalDistributionRt
Average Distribution1.44181AverageDistributionRt
Net Vl Noncharitable Assets$1,406,171NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$2,027,426AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$855NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$2,028,281AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$361,528QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,709InvestmentIncomeExciseTaxAmt
Subtotal$1,709SubtotalAmt
Tax Based On Investment Income$1,709TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$38EsPenaltyAmt
Tax Due$1,747TaxDueAmt

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$391,330AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$1,036,255AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,427,585TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,427,585AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$21,414CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,406,171NetVlNoncharitableAssetsAmt
Minimum Investment Return$70,309MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$70,309MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,709TaxBasedOnInvestmentIncomeAmt
Total Tax$1,709TotalTaxAmt
Distributable Before Adj$68,600DistributableBeforeAdjAmt
Distributable Before Ded$68,600DistributableBeforeDedAmt
Distributable As Adjusted$68,600DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$361,528ExpensesAndContributionsAmt
Qualifying Distributions$361,528QualifyingDistributionsAmt
Adjusted Qualifying Distri$361,528AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$68,600DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$172,448ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$133,636ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$217,180ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$106,726ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$65,192ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$695,182TotalExcessDistributionCyovAmt
Qualifying Distributions$361,528QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$68,600AppliedToCurrentYearAmt
Remaining Distri From Corpus$292,928RemainingDistriFromCorpusAmt
Total Corpus$988,110TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$172,448ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$815,662ExcessDistriCyovToNextYrAmt
Excess From Year4$133,636ExcessFromYear4Amt
Excess From Year3$217,180ExcessFromYear3Amt
Excess From Year2$106,726ExcessFromYear2Amt
Excess From Year1$65,192ExcessFromYear1Amt
Excess From Current Year$292,928ExcessFromCurrentYearAmt

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$361,278Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$361,278TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$100RelatedOrExemptFunctionIncmAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$3,874RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$81,500RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$85,474RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$85,474TotalIncomeProducingActyAmt

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$130,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp (3 entries)

BondBondNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
MERRILL LYNCH & COMPANY$107,193$106,165
SYNOVUS FINANCIAL CORP$104,914$101,250
AVIS BUDGET CAR/FINANCE$101,683$99,750

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescRoundingDesc
EOY Book Value$1EOYBookValueAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryNYS FILING FEECategoryTxt
Amt$250Amt
Disbursements Charitable Prps$250DisbursementsCharitablePrpsAmt

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