GROSEVNOR FOUNDATION INC: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
GROSEVNOR FOUNDATION INC (EIN 13-4104304)
Tax period
2012-01-01 to 2012-12-31
Filed
2013-07-23
IRS object ID
201342049349100404
Schema version
2012v2.1
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)
Timestamp2013-07-23T08:50:20-05:00Timestamp
Tax Period End Date2012-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1CORNICK GARBER & SANDLER LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1825 THIRD AVENUE 4TH FLAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code100229524ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2012-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN134104304EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1THE GROSEVNOR FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
In Care Of Name% DAVID HANDLERInCareOfName
Name ControlGROSNameControl
Phone9172828203Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1325 FIFTH AVENUEAddressLine1
Address Line2Suite PH 43AAddressLine2
CityNEW YORKCity
StateNYState
ZIP Code10016ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameDAVID HANDLERName
TitleTRUSTEETitle
Phone9172828203Phone
Date Signed2013-05-30DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameMICHELE ROSENBERGName
Phone2125573900Phone
Date Prepared2013-05-28DatePrepared
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2016-03-07 17:11:31ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY290916FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss222220ContriReceivedRevAndExpnss
Interest On Savings Rev And Expnss24InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm24InterestOnSavingsNetInvstIncm
Total Revenue And Expenses222244TotalRevenueAndExpenses
Total Net Investment Income24TotalNetInvestmentIncome
Comp Ofcr Dir Trst Rev And Expnss0CompOfcrDirTrstRevAndExpnss
Accounting Fees Rev And Expnss3070AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm0AccountingFeesNetInvstIncm
Accounting Fees Adj Net Incm0AccountingFeesAdjNetIncm
Accounting Fees Dsbrs Chrtbl Prps0AccountingFeesDsbrsChrtblPrps
Other Expenses Rev And Expnss468OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm175OtherExpensesNetInvstIncm
Other Expenses Dsbrs Chrtbl Prps293OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss3538TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm175TotOprExpensesNetInvstIncm
Tot Opr Expenses Adj Net Incm0TotOprExpensesAdjNetIncm
Tot Opr Expenses Dsbrs Chrtbl Prps293TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss39050ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps39050ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss42588TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm175TotalExpensesNetInvstIncm
Total Expenses Adj Net Incm0TotalExpensesAdjNetIncm
Total Expenses Dsbrs Chrtbl Prps39343TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses179656ExcessOfRevenueOverExpenses
Net Investment Income0NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Cash BOY110424CashBOY
Cash EOY26745CashEOY
Cash EOYFMV26745CashEOYFMV
Savings And Temp Cash Invst EOY141115SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV141115SavingsAndTempCashInvstEOYFMV
Investments Corp Stock BOY85InvestmentsCorpStockBOY
Investments Corp Stock EOY18265InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV123056InvestmentsCorpStockEOYFMV
Total Assets BOY110509TotalAssetsBOY
Total Assets EOY186125TotalAssetsEOY
Total Assets EOYFMV290916TotalAssetsEOYFMV
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Capital Stock BOY110509CapitalStockBOY
Capital Stock EOY186125CapitalStockEOY
Retained Earnings BOY0RetainedEarningsBOY
Retained Earnings EOY0RetainedEarningsEOY
Total Net Assets BOY110509TotalNetAssetsBOY
Total Net Assets EOY186125TotalNetAssetsEOY
Total Liabilities Net Assets BOY110509TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY186125TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY110509TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses179656ExcessOfRevenueOverExpenses
Subtotal290165Subtotal
Other Decreases104040OtherDecreases
Total Net Assets Fund Balances EOY186125TotalNetAssetsFundBalancesEOY
FieldValueIRS element (for citing)
Capital Gains And LossesCapitalGainsAndLosses

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 TaxfalseLiableFor4942Tax
Qualifying Distributions Year190000QualifyingDistributionsYear1
Noncharitable Assets Year1166863NoncharitableAssetsYear1
Distribution Ratio Year10.539365DistributionRatioYear1
Qualifying Distributions Year243498QualifyingDistributionsYear2
Noncharitable Assets Year29234NoncharitableAssetsYear2
Distribution Ratio Year24.710635DistributionRatioYear2
Qualifying Distributions Year321675QualifyingDistributionsYear3
Noncharitable Assets Year3228104NoncharitableAssetsYear3
Distribution Ratio Year30.095022DistributionRatioYear3
Qualifying Distributions Year429200QualifyingDistributionsYear4
Noncharitable Assets Year4300573NoncharitableAssetsYear4
Distribution Ratio Year40.097148DistributionRatioYear4
Qualifying Distributions Year533139QualifyingDistributionsYear5
Noncharitable Assets Year5172734NoncharitableAssetsYear5
Distribution Ratio Year50.19185DistributionRatioYear5
Total Distribution Ratio5.63402TotalDistributionRatio
Average Distribution Ratio1.126804AverageDistributionRatio
Net Noncharitable Assets99967NetNoncharitableAssets
Adjusted Noncharitable Assets112643AdjustedNoncharitableAssets
One Percent Net Investment Income0OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One112643AdjNonchrtblAssetsAndOnePct
Qualifying Distributions39343QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Investment Income Excise Tax0InvestmentIncomeExciseTax
Subtotal0Subtotal
Tax Based On Investment Income0TaxBasedOnInvestmentIncome
Total Credits And Payments0TotalCreditsAndPayments
Tax Due0TaxDue

Statements Regarding Activities StatementsRegardingActivities

FieldValueIRS element (for citing)
Legislative Political ActivitiesfalseLegislativePoliticalActivities
More Than100 SpentfalseMoreThan100Spent
Form1120 POL FiledfalseForm1120POLFiled
Activities Not Prev ReportedfalseActivitiesNotPrevReported
Changes To Articles Or BylawsfalseChangesToArticlesOrBylaws
Unrelated Bus Income Over1000falseUnrelatedBusIncomeOver1000
Termination EtcfalseTerminationEtc
Requirements Of Sect508etrueRequirementsOfSect508e
At Least5000 In AssetstrueAtLeast5000InAssets
States Filed WithNYStatesFiledWith
Form990 PF Filed With AGtrueForm990PFFiledWithAG
Private Operating FoundationfalsePrivateOperatingFoundation
New Substantial ContributorstrueNewSubstantialContributors
Interest In Controlled EntityfalseInterestInControlledEntity
Applicable Insurance ContractfalseApplicableInsuranceContract
Comply With Public Inspection RqrtrueComplyWithPublicInspectionRqr

Books In Care Of Business Name BooksInCareOfBusinessName

FieldValueIRS element (for citing)
Business Name Line1DAVID HANDLERBusinessNameLine1
FieldValueIRS element (for citing)
Books In Care Of Phone Number9172828203BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line1325 FIFTH AVE PH 43AAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10016ZIPCode
FieldValueIRS element (for citing)
Foreign BankfalseForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

FieldValueIRS element (for citing)
Sale Or Exchange With Dsqfly PersonfalseSaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly PersonfalseBorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly PersonfalseFurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly PersonfalsePayCompensationToDsqflyPerson
Transfer Assets To Dsqfly PersonfalseTransferAssetsToDsqflyPerson
Payment To Government OfficalfalsePaymentToGovernmentOffical
Uncorrected Prior ActsfalseUncorrectedPriorActs
Undistributed Income Prior YearsfalseUndistributedIncomePriorYears
Business HoldingsfalseBusinessHoldings
Jeopardy InvestmentsfalseJeopardyInvestments
Uncorrected Jeopardy InvestmentsfalseUncorrectedJeopardyInvestments
Influence LegislationfalseInfluenceLegislation
Influence ElectionfalseInfluenceElection
Grants To IndividualsfalseGrantsToIndividuals
Grants To OrganizationsfalseGrantsToOrganizations
Noncharitable PurposefalseNoncharitablePurpose
Rcv Funds To Pay Prsnl Bnft ContractfalseRcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft ContractfalsePayPremiumsPrsnlBnftContract
Prohibited Tax Shelter TransactnfalseProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee

FieldValueIRS element (for citing)
Person NameDAVID HANDLERPersonName

US Address USAddress

FieldValueIRS element (for citing)
Address Line1325 FIFTH AVENUEAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10016ZIPCode
FieldValueIRS element (for citing)
TitleTRUSTEETitle
Avg Hours Per Wk Devoted To Position0.5AvgHoursPerWkDevotedToPosition
Compensation0Compensation
Contri To Empl Benefit Plans Etc0ContriToEmplBenefitPlansEtc
Expense Account Other Allowances0ExpenseAccountOtherAllowances

Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy

FieldValueIRS element (for citing)
Description1NOT APPLICABLEDescription1

Sum Of Program Related Investments SumOfProgramRelatedInvestments

FieldValueIRS element (for citing)
Description1NOT APPLICABLEDescription1

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities5371AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances96118AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets101489TotalFMVOfUnusedAssets
Acquisition Indebtedness0AcquisitionIndebtedness
Adj Total FMV Of Unused Assets101489AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable1522CashDeemedCharitable
Net Noncharitable Assets99967NetNoncharitableAssets
Minimum Investment Return4998MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return4998MinimumInvestmentReturn
Tax Based On Investment Income0TaxBasedOnInvestmentIncome
Total Tax0TotalTax
Distributable Amount Before Adj4998DistributableAmountBeforeAdj
Distributable Amount Before Ded4998DistributableAmountBeforeDed
Distributable Amount As Adjusted4998DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions39343ExpensesAndContributions
Program Related Investments Total0ProgramRelatedInvestmentsTotal
Amounts Paid Acq Charitable Assets0AmountsPaidAcqCharitableAssets
Amounts Set Aside Suitability Test0AmountsSetAsideSuitabilityTest
Amounts Set Aside Cash Distri Test0AmountsSetAsideCashDistriTest
Qualifying Distributions39343QualifyingDistributions
Adj Qualifying Distributions39343AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted4998DistributableAmountAsAdjusted
Undistributed Income Prior Year0UndistributedIncomePriorYear
Prior Year12010PriorYear1
Prior Year22009PriorYear2
Prior Year32008PriorYear3
Total For Prior Years0TotalForPriorYears
Excess Distri Carryover Year524724ExcessDistriCarryoverYear5
Excess Distri Carryover Year414534ExcessDistriCarryoverYear4
Excess Distri Carryover Year310277ExcessDistriCarryoverYear3
Excess Distri Carryover Year243040ExcessDistriCarryoverYear2
Excess Distri Carryover Year181657ExcessDistriCarryoverYear1
Total Excess Distri Carryover174232TotalExcessDistriCarryover
Qualifying Distributions39343QualifyingDistributions
Applied To Year10AppliedToYear1
Applied To Current Year4998AppliedToCurrentYear
Remaining Distri From Corpus34345RemainingDistriFromCorpus
Total Corpus208577TotalCorpus
Prior Year Undistributed Income0PriorYearUndistributedIncome
Taxable Amount10TaxableAmount1
Taxable Amount20TaxableAmount2
Undistributed Income CY0UndistributedIncomeCY
Excess Distri Cyov From Year524724ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year183853ExcessDistriCyovToNextYear
Excess From Year414534ExcessFromYear4
Excess From Year310277ExcessFromYear3
Excess From Year243040ExcessFromYear2
Excess From Year181657ExcessFromYear1
Excess From Current Year34345ExcessFromCurrentYear
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundations

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Contributing ManagerNONEContributingManager
Shareholder ManagerNONEShareholderManager
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (9 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
THE NEW GROUP
410 WEST 42ND STREETNEW YORKNY10036NONEEXEMPTCHARITABLE$10,000
FAMILY EQUALITY COUNCIL
PO BOX 206BOSTONMA02133NONEEXEMPTCHARITABLE$1,000
METROPOLITAN COUNCIL ON JEWISH POVERTY
120 BROADWAY 7TH FLOORNEW YORKNY10271NONEEXEMPTCHARITABLE$2,000
USO OF METROPOLITAN NEW YORK
625 EIGHTH AVENUENEW YORKNY10018NONEEXEMPTCHARITABLE$1,000
WEST SIDE AGAINST HUNGER
263 WEST 86TH STREETNEW YORKNY10024NONEEXEMPTCHARITABLE$250
NEW YORK UNIVERSITY
25 WEST 4TH STREETNEW YORKNY10012NONEEXEMPTCHARITABLE$10,000
GOVERNOR'S CUP CHARITIES
825 BERKSHIRE BLVD - 200WYOMISSINGPA19610NONEEXEMPTCHARITABLE$2,000
JOINT DISTRIBUTION COMMITTEE
711 THIRD AVENUENEW YORKNY10017NONEEXEMPTCHARITABLE$1,000
TEMPLE ADAS ISRAEL
30 ATLANTIC AVENUESAG HARBORNY11963NONEEXEMPTCHARITABLE$11,800
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year39050TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

FieldValueIRS element (for citing)
Fees Contracts From Govt AgenciesFeesContractsFromGovtAgencies
Membership Dues And AssessmentsMembershipDuesAndAssessments
Int On Savings And Temp Cash InvstIntOnSavingsAndTempCashInvst

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$24ExclusionAmount
FieldValueIRS element (for citing)
Net Rental Incm Re Debt Fincd PropNetRentalIncmReDebtFincdProp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Incm Personal PropertyNetRentalIncmPersonalProperty
Other Investment Income Part VIIOtherInvestmentIncomePartVII
Gain Sales Assets Oth Than InvntryGainSalesAssetsOthThanInvntry
Net Income Loss From Special EventsNetIncomeLossFromSpecialEvents
Gross Profit Loss Sales Of InvntryGrossProfitLossSalesOfInvntry

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Exclusion$24ExclusionAmount
FieldValueIRS element (for citing)
Total Part XVIA24TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

FieldValueIRS element (for citing)
Trnsfr Of Cash To Noncharitable EOfalseTrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EOfalseTrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssets
Purchase Assets Noncharitable EOfalsePurchaseAssetsNoncharitableEO
Rental Of Facilities EtcfalseRentalOfFacilitiesEtc
Reimbursement ArrangementsfalseReimbursementArrangements
Loans Or Loan GuaranteesfalseLoansOrLoanGuarantees
Performance Of Services EtcfalsePerformanceOfServicesEtc
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtc
Relationships Noncharitable E OsfalseRelationshipsNoncharitableEOs

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFXOrganization501c3ExemptPF
General RuleXGeneralRule

Contributor Info ContributorInfo (2 entries)

Contributor NumberContributorNumberContributor Name IndividualContributorNameIndividualAddress Line1ContributorAddressUS/AddressLine1CityContributorAddressUS/CityStateContributorAddressUS/StateZIP CodeContributorAddressUS/ZIPCodeAggregate ContributionsAggregateContributionsPerson Contribution TypePersonContributionTypeNoncash Contribution TypeNoncashContributionType
1DAVID HANDLER325 FIFTH AVENUE - PH 43ANEW YORKNY10016100000X
2DAVID HANDLER325 FIFTH AVENUE - PH 43ANEW YORKNY10016122220XX

Noncash Property NoncashProperty

FieldValueIRS element (for citing)
Contributor Number From Part I2ContributorNumberFromPartI
Noncash Property Description2,504 SHARES OF PENN NATL GAMING INC FMV $122,220NoncashPropertyDescription
Fair Market Value122220FairMarketValue
Date Received2012-12-24DateReceived

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

FieldValueIRS element (for citing)
CategoryKMR LLPCategory
Amount$3,070Amount

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock (2 entries)

Name Of StockNameOfStockEOY Book ValueEOYBookValueEOYFMVEOYFMV
CAREGUIDE, INC.8585
PENN NATIONAL GAMING INC.18180122971

Land Etc Schedule2 LandEtcSchedule2

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases OtherDecreases (2 entries)

DescriptionDescriptionAmountAmount
ALLOWANCE FOR EXCESS OF FMV OVER COST OF$0
CONTRIBUTED STOCK$104,040

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (2 entries)

DescriptionDescriptionRevenue And Expenses Per BooksRevenueAndExpensesPerBooksNet Investment IncomeNetInvestmentIncomeDisbursements Charitable PrpsDisbursementsCharitablePrps
BANK CHARGES175175
FILING FEES293293

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