2013-08-12T08:23:23-00:00 2012-12-31 Foundation Source One Hollow Lane Suite 212 Lake Success NY 11042 990PF 2012-01-01 264308958 Richard Desich Foundation RICH 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 Richard Desich 2013-08-12 true Jeffrey D Haskell 8008391754 2013-08-12 2012 2016-02-24 21:20:13Z X 1364754 X 1207800 330 330 0 1208130 330 18967 411861 6678 430828 0 6678 500000 500000 930828 0 506678 277302 330 7024 14603 14603 1461032 1730755 1350151 1468056 1745358 1364754 0 X 1468056 1745358 1468056 1745358 1468056 1745358 1468056 277302 1745358 1745358 false 504093 967479 000.521038 2546 512231 000.004970 6683 1873 003.568073 004.094081 001.364694 1390352 1897405 3 1897408 506678 7 7 7 9483 9483 9483 9476 100 9376 false false false false false false true true true true false false false false true co Foundation Source 8008391754 501 Silverside Road Suite 123 Wilmington DE 198091377 false false false false false false false false false false false false false false false false false false false Richard Desich Foundation Source 501 Silverside Rd Wilmington DE 19809 001.00 0 0 61374 1350151 1411525 1411525 21173 1390352 69518 69518 7 7 69511 69511 69511 506678 506678 506678 69511 448789 448789 506678 69511 437167 885956 0 885956 448789 437167 Richard Desich X LORAIN COUNTY COMMUNITY COLLEGE FND 1005 N ABBE RD ELYRIA OH 44035 N/A 509a3 Capital Campaign 500000 500000 14 330 330 330 false false false false false false false false false false X X 1 Desich Richard 12110 Sunnydale Dr Wellington FL 33414 1207800 X PACIFIC LIFE - POLICY VF51918560 1730755 1350151 This statement is submitted to report the distribution of certain assets during the above-referenced year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3a1 and the Form 990-PF instructions During the taxable year ending December 31, 2012, Richard Desich Foundation the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled 500,000. This amount represents over 25 of the Foundations net assets of 983,239 as measured by fair market value at the beginning of the Foundations taxable year ending December 31, 2012. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a each such grant was made solely for the charitable purpose specified therein. Administrative Fees 6653 6653 Premium Payment for Foundation-owned Life Ins. 405183 State or Local Filing Fees 25 25 Estimated Tax for 2012 9300 IRS Excise Tax Payment with 1st ext 990-PF 9667