THE DOUG AND BETSEY SCHWAB AND FAMILY FOUNDATION INC: Form 990PF, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- THE DOUG AND BETSEY SCHWAB AND FAMILY FOUNDATION INC (EIN 20-0856943)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-07-26
- IRS object ID
- 201202149349100505
- Schema version
- 2011v1.2
- 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
- Form 990-PF
- Schedule B
- General Explanation Attachment
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Liquidation Explanation Stmt
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-07-26T11:55:22-00:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 55 Walls Drive | AddressLine1 |
| City | Fairfield | City |
| State | CT | State |
| ZIP Code | 06824 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 200856943 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Doug and Betsey Schwab and Family Foundation Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | DOUG | NameControl |
| Phone | 8008391754 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Foundation Source 501 Silverside Rd | AddressLine1 |
| City | Wilmington | City |
| State | DE | State |
| ZIP Code | 198091377 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Elizabeth Hurwitz-Schwab | Name |
| Title | President | Title |
| Date Signed | 2012-07-26 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Jeffrey D Haskell | Name |
| Phone | 8008391754 | Phone |
| Date Prepared | 2012-07-26 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 518768 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Received Rev And Expnss | 284161 | ContriReceivedRevAndExpnss |
| Interest On Savings Rev And Expnss | 20 | InterestOnSavingsRevAndExpnss |
| Interest On Savings Net Invst Incm | 20 | InterestOnSavingsNetInvstIncm |
| Dividends Rev And Expnss | 11070 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 11070 | DividendsNetInvstIncm |
| Net Gain Sale Assets Rev And Expnss | 11784 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 555308 | GrossSalesPrice |
| Capital Gain Net Incm Net Invst Incm | 80651 | CapitalGainNetIncmNetInvstIncm |
| Other Income Rev And Expnss | 12 | OtherIncomeRevAndExpnss |
| Other Income Net Invst Incm | 12 | OtherIncomeNetInvstIncm |
| Total Revenue And Expenses | 307047 | TotalRevenueAndExpenses |
| Total Net Investment Income | 91753 | TotalNetInvestmentIncome |
| Other Prof Fees Rev And Expnss | 3165 | OtherProfFeesRevAndExpnss |
| Other Prof Fees Net Invst Incm | 3165 | OtherProfFeesNetInvstIncm |
| Taxes Rev And Expnss | 280 | TaxesRevAndExpnss |
| Other Expenses Rev And Expnss | 6324 | OtherExpensesRevAndExpnss |
| Other Expenses Net Invst Incm | 157 | OtherExpensesNetInvstIncm |
| Other Expenses Dsbrs Chrtbl Prps | 6167 | OtherExpensesDsbrsChrtblPrps |
| Tot Opr Expenses Rev And Expnss | 9769 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 3322 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 6167 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 113600 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 113600 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 123369 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 3322 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 119767 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | 183678 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 88431 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Savings And Temp Cash Invst BOY | 29842 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 59271 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 59271 | SavingsAndTempCashInvstEOYFMV |
| Investments Corp Stock BOY | 277330 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 430651 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 435341 | InvestmentsCorpStockEOYFMV |
| Investments Corp Bonds BOY | 9183 | InvestmentsCorpBondsBOY |
| Investments Other BOY | 14358 | InvestmentsOtherBOY |
| Investments Other EOY | 24469 | InvestmentsOtherEOY |
| Investments Other EOYFMV | 24156 | InvestmentsOtherEOYFMV |
| Total Assets BOY | 330713 | TotalAssetsBOY |
| Total Assets EOY | 514391 | TotalAssetsEOY |
| Total Assets EOYFMV | 518768 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Retained Earnings BOY | 330713 | RetainedEarningsBOY |
| Retained Earnings EOY | 514391 | RetainedEarningsEOY |
| Total Net Assets BOY | 330713 | TotalNetAssetsBOY |
| Total Net Assets EOY | 514391 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 330713 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 514391 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 330713 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | 183678 | ExcessOfRevenueOverExpenses |
| Subtotal | 514391 | Subtotal |
| Total Net Assets Fund Balances EOY | 514391 | TotalNetAssetsFundBalancesEOY |
Capital Gains And Losses CapitalGainsAndLosses
Capital Gains And Losses Info CapitalGainsAndLossesInfo (2 entries)
| Description Of AssetDescriptionOfAsset | Gross Sales PriceGrossSalesPrice | Cost Or Other BasisCostOrOtherBasis | Gain Or LossGainOrLoss | Gains Minus Excess Or LossesGainsMinusExcessOrLosses |
|---|---|---|---|---|
| Publicly-traded Securities | 555308 | 474397 | 80911 | 80911 |
| Passthrough K1 Capital Gain | -260 | -260 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | 80651 | CapitalGainNetIncome |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 87973 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 338842 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 000.259628 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 127633 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 394564 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 000.323479 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 89343 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 617689 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 000.144641 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 153335 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 810624 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 000.189157 | DistributionRatioYear4 |
| Qualifying Distributions Year5 | 122593 | QualifyingDistributionsYear5 |
| Noncharitable Assets Year5 | 824593 | NoncharitableAssetsYear5 |
| Distribution Ratio Year5 | 000.148671 | DistributionRatioYear5 |
| Total Distribution Ratio | 001.065576 | TotalDistributionRatio |
| Average Distribution Ratio | 000.213115 | AverageDistributionRatio |
| Net Noncharitable Assets | 357904 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 76275 | AdjustedNoncharitableAssets |
| One Percent Net Investment Income | 884 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 77159 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 119767 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | X | DomesticOrgMeetingSect4940e |
| Investment Income Excise Tax | 884 | InvestmentIncomeExciseTax |
| Subtotal | 884 | Subtotal |
| Tax Based On Investment Income | 884 | TaxBasedOnInvestmentIncome |
| Est Tax Payments And Overpayment | 204 | EstTaxPaymentsAndOverpayment |
| Tax Paid With Extension | 680 | TaxPaidWithExtension |
| Total Credits And Payments | 884 | TotalCreditsAndPayments |
| Tax Paid Original Return | 884 | TaxPaidOriginalReturn |
| Form2220 Attached | X | Form2220Attached |
Statements Regarding Activities StatementsRegardingActivities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Activities | false | LegislativePoliticalActivities |
| More Than100 Spent | false | MoreThan100Spent |
| Form1120 POL Filed | false | Form1120POLFiled |
| Activities Not Prev Reported | false | ActivitiesNotPrevReported |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylaws |
| Unrelated Bus Income Over1000 | false | UnrelatedBusIncomeOver1000 |
| Termination Etc | true | TerminationEtc |
| Requirements Of Sect508e | true | RequirementsOfSect508e |
| At Least5000 In Assets | true | AtLeast5000InAssets |
| Form990 PF Filed With AG | true | Form990PFFiledWithAG |
| Private Operating Foundation | false | PrivateOperatingFoundation |
| New Substantial Contributors | false | NewSubstantialContributors |
| Interest In Controlled Entity | false | InterestInControlledEntity |
| Applicable Insurance Contract | false | ApplicableInsuranceContract |
| Comply With Public Inspection Rqr | true | ComplyWithPublicInspectionRqr |
Books In Care Of Business Name BooksInCareOfBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Books In Care Of Phone Number | 8008391754 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 501 Silverside Road Suite 123 | AddressLine1 |
| City | Wilmington | City |
| State | DE | State |
| ZIP Code | 198091377 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Bank | false | ForeignBank |
Statements Regarding Acty4720 StatementsRegardingActy4720
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exchange With Dsqfly Person | false | SaleOrExchangeWithDsqflyPerson |
| Borrow Or Lend With Dsqfly Person | false | BorrowOrLendWithDsqflyPerson |
| Furnished Goods With Dsqfly Person | false | FurnishedGoodsWithDsqflyPerson |
| Pay Compensation To Dsqfly Person | false | PayCompensationToDsqflyPerson |
| Transfer Assets To Dsqfly Person | false | TransferAssetsToDsqflyPerson |
| Payment To Government Offical | false | PaymentToGovernmentOffical |
| Uncorrected Prior Acts | false | UncorrectedPriorActs |
| Undistributed Income Prior Years | false | UndistributedIncomePriorYears |
| Business Holdings | false | BusinessHoldings |
| Jeopardy Investments | false | JeopardyInvestments |
| Uncorrected Jeopardy Investments | false | UncorrectedJeopardyInvestments |
| Influence Legislation | false | InfluenceLegislation |
| Influence Election | false | InfluenceElection |
| Grants To Individuals | false | GrantsToIndividuals |
| Grants To Organizations | false | GrantsToOrganizations |
| Noncharitable Purpose | false | NoncharitablePurpose |
| Pay Premiums Prsnl Bnft Contract | false | PayPremiumsPrsnlBnftContract |
| Prohibited Tax Shelter Transactn | false | ProhibitedTaxShelterTransactn |
| Proceeds Or Net Income | true | ProceedsOrNetIncome |
Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo
Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (4 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitle | Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition | CompensationCompensation |
|---|---|---|---|---|---|---|
| Elizabeth J Hurwitz-Schwab | ||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 19809 | President / Director / Secretary | 001.00 | 0 |
| Abraham Schwab | ||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 19809 | Vice President | 001.00 | 0 |
| Douglas Schwab | ||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 19809 | Vice President / Director | 001.00 | 0 |
| Eli Schwab | ||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 19809 | Vice President | 001.00 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 347533 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 15821 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 363354 | TotalFMVOfUnusedAssets |
| Adj Total FMV Of Unused Assets | 363354 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 5450 | CashDeemedCharitable |
| Net Noncharitable Assets | 357904 | NetNoncharitableAssets |
| Minimum Investment Return | 17895 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 17895 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 884 | TaxBasedOnInvestmentIncome |
| Total Tax | 884 | TotalTax |
| Distributable Amount Before Adj | 17011 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 17011 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 17011 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 119767 | ExpensesAndContributions |
| Qualifying Distributions | 119767 | QualifyingDistributions |
| One Pct Sect4940e Org Net Invst Incm | 884 | OnePctSect4940eOrgNetInvstIncm |
| Adj Qualifying Distributions | 118883 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 17011 | DistributableAmountAsAdjusted |
| Excess Distri Carryover Year5 | 83767 | ExcessDistriCarryoverYear5 |
| Excess Distri Carryover Year4 | 113972 | ExcessDistriCarryoverYear4 |
| Excess Distri Carryover Year3 | 58601 | ExcessDistriCarryoverYear3 |
| Excess Distri Carryover Year2 | 108163 | ExcessDistriCarryoverYear2 |
| Excess Distri Carryover Year1 | 71325 | ExcessDistriCarryoverYear1 |
| Total Excess Distri Carryover | 435828 | TotalExcessDistriCarryover |
| Qualifying Distributions | 119767 | QualifyingDistributions |
| Applied To Current Year | 17011 | AppliedToCurrentYear |
| Remaining Distri From Corpus | 102756 | RemainingDistriFromCorpus |
| Total Corpus | 538584 | TotalCorpus |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov From Year5 | 83767 | ExcessDistriCyovFromYear5 |
| Excess Distri Cyov To Next Year | 454817 | ExcessDistriCyovToNextYear |
| Excess From Year4 | 113972 | ExcessFromYear4 |
| Excess From Year3 | 58601 | ExcessFromYear3 |
| Excess From Year2 | 108163 | ExcessFromYear2 |
| Excess From Year1 | 71325 | ExcessFromYear1 |
| Excess From Current Year | 102756 | ExcessFromCurrentYear |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Douglas Schwab | ContributingManager |
| Contributing Manager | Elizabeth J Hurwitz-Schwab | ContributingManager |
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (20 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationship | Recipient Foundation StatusRecipientFoundationStatus | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|---|---|
| ALLEGANY ARTS COUNCIL INC | |||||||
| 9 N CENTRE ST | CUMBERLAND | MD | 21502 | N/A | 509(a)(1) | 2011 Shakespeare at Canal Place Program | $2,000 |
| ALLEGANY ARTS COUNCIL INC | |||||||
| 9 N CENTRE ST | CUMBERLAND | MD | 21502 | N/A | 509(a)(1) | Charitable Event | $500 |
| B'ER CHAYIM CONGREGATION | |||||||
| 107 UNION ST | CUMBERLAND | MD | 21502 | N/A | 509(a)(1) | High Holiday Appeal and Book of Memory | $1,500 |
| BOY SCOUTS OF AMERICA | |||||||
| 25 RAMAPO VALLEY RD | OAKLAND | NJ | 07436 | N/A | 509(a)(1) | Scout Sponsor for Celebrity Golf Classic | $2,600 |
| BOY SCOUTS OF AMERICA | |||||||
| 14416 MCMULLEN HWY SW | CUMBERLAND | MD | 21502 | N/A | 509(a)(1) | Debt Relief Initiative | $20,000 |
| BOY SCOUTS OF AMERICA | |||||||
| 14416 MCMULLEN HWY SW | CUMBERLAND | MD | 21502 | N/A | 509(a)(1) | Friends of Scouting Campaign | $10,000 |
| COUNTY UNITED WAY INC | |||||||
| 71 BALTIMORE ST 3RD FL | CUMBERLAND | MD | 21502 | N/A | 509(a)(1) | Mission of Mercy Program | $1,000 |
| COUNTY UNITED WAY INC | |||||||
| 71 BALTIMORE ST 3RD FL | CUMBERLAND | MD | 21502 | N/A | 509(a)(1) | 2012 Annual Legacy Campaign | $10,000 |
| CUMBERLAND CULTURAL FOUNDATION | |||||||
| 104 WASHINGTON ST | CUMBERLAND | MD | 21502 | N/A | 509(a)(1) | General Unrestricted | $1,000 |
| ELECTRONIC FRONTIER FOUNDATION INC | |||||||
| 454 SHOTWELL ST | SAN FRANCISCO | CA | 94110 | N/A | 509(a)(1) | Support of Homegrown Evolution Initiative | $500 |
| FAMILY CRISIS RESOURCE CENTER INC | |||||||
| 146 BEDFORD ST | CUMBERLAND | MD | 21502 | N/A | 509(a)(1) | General Unrestricted | $5,000 |
| FROSTBURG STATE UNIVERSITY FOUNDATI | |||||||
| 101 BRADDOCK RD | FROSTBURG | MD | 21532 | N/A | 509(a)(1) | WFWM 91.9 Support Program | $1,000 |
| GARFIELD PARK CONSERVATORY ALLIANCE | |||||||
| 300 N CENTRAL PARK AVE | CHICAGO | IL | 60624 | N/A | 509(a)(1) | Storm Repairs | $500 |
| MARYLAND LEAGUE OF CONSERVATION VOT | |||||||
| 86 MARYLAND AVE | ANNAPOLIS | MD | 21401 | N/A | 509(a)(1) | General Unrestricted | $1,000 |
| PHILADELPHIA UNIVERSITY | |||||||
| 4201 HENRY AVE | PHILADELPHIA | PA | 19144 | N/A | 509(a)(1) | Fall 2011 Campaign | $2,500 |
| THE COMMUNITY TRUST FOUNDATION INC | |||||||
| 71 BALTIMORE ST | CUMBERLAND | MD | 21502 | N/A | 509(a)(1) | Charitable Event | $500 |
| VERMONT COMMUNITY FOUNDATION | |||||||
| PO BOX 30 | MIDDLEBURY | VT | 05753 | N/A | 509(a)(1) | Waterwheel Foundation and Phish VT Relief Fund | $500 |
| WASHINGTON AND JEFFERSON COLLEGE | |||||||
| 60 S LINCOLN ST | WASHINGTON | PA | 15301 | N/A | 509(a)(1) | Annual Fund | $2,500 |
| WMHS INC | |||||||
| 12400 WILLOWBROOK RD | CUMBERLAND | MD | 21502 | N/A | 509(a)(3) | Cardiac Care Unit of the Capital Campaign | $50,000 |
| YMCA | |||||||
| 601 KELLY RD | CUMBERLAND | MD | 21502 | N/A | 509(a)(2) | 2011 Annual Campaign | $1,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 113600 | TotGrantOrContriPaidDuringYear |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $20 | ExclusionAmount |
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $11,070 | ExclusionAmount |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 18 | ExclusionCode |
| Exclusion | $11,784 | ExclusionAmount |
Other Revenue Described OtherRevenueDescribed
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | K-1 Pass-Through Income | Description |
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $12 | ExclusionAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $22,886 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 22886 | TotalPartXVIA |
Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Noncharitable EO | false | TrnsfrOfCashToNoncharitableEO |
| Trnsfr Oth Assets Noncharitable EO | false | TrnsfrOthAssetsNoncharitableEO |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssets |
| Purchase Assets Noncharitable EO | false | PurchaseAssetsNoncharitableEO |
| Rental Of Facilities Etc | false | RentalOfFacilitiesEtc |
| Reimbursement Arrangements | false | ReimbursementArrangements |
| Loans Or Loan Guarantees | false | LoansOrLoanGuarantees |
| Performance Of Services Etc | false | PerformanceOfServicesEtc |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtc |
| Relationships Noncharitable E Os | false | RelationshipsNoncharitableEOs |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | X | Organization501c3ExemptPF |
| General Rule | X | GeneralRule |
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | 0001 | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Schwab Douglas | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 835 MacDonald Terrace | AddressLine1 |
| City | Cumberland | City |
| State | MD | State |
| ZIP Code | 21502 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | 284161 | AggregateContributions |
| Noncash Contribution Type | X | NoncashContributionType |
Noncash Property NoncashProperty (19 entries)
| Contributor Number From Part IContributorNumberFromPartI | Noncash Property DescriptionNoncashPropertyDescription | Fair Market ValueFairMarketValue | Date ReceivedDateReceived |
|---|---|---|---|
| 0001 | US T BOND - 10.625% - 08/15/2015 | 1406 | 2011-09-26 |
| 0001 | US T BOND - 10.625% - 08/15/2015 | 2811 | 2011-09-26 |
| 0001 | US T BOND - 10.625% - 08/15/2015 | 50603 | 2011-09-26 |
| 0001 | AMERICAN EXPRESS CO | 22903 | 2011-09-26 |
| 0001 | DOLLAR TREE INC. | 768 | 2011-09-26 |
| 0001 | DOLLAR TREE INC. | 5757 | 2011-09-26 |
| 0001 | DOLLAR TREE INC. | 13816 | 2011-09-26 |
| 0001 | INTERNATIONAL BUSINESS MACHINES | 1723 | 2011-09-26 |
| 0001 | INTERNATIONAL BUSINESS MACHINES | 6891 | 2011-09-26 |
| 0001 | INTERNATIONAL BUSINESS MACHINES | 25842 | 2011-09-26 |
| 0001 | MCDONALD'S CORP | 35240 | 2011-09-26 |
| 0001 | PACKAGING CORP AMER | 735 | 2011-09-26 |
| 0001 | PACKAGING CORP AMER | 1224 | 2011-09-26 |
| 0001 | PACKAGING CORP AMER | 24490 | 2011-09-26 |
| 0001 | V F CORP | 13777 | 2011-09-26 |
| 0001 | V F CORP | 16282 | 2011-09-26 |
| 0001 | V F CORP | 28807 | 2011-09-26 |
| 0001 | YUM BRANDS INC | 2072 | 2011-09-26 |
| 0001 | YUM BRANDS INC | 29014 | 2011-09-26 |
General Explanation Attachment GeneralExplanationAttachment
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corp Stock InvestmentsCorpStock (16 entries)
| Name Of StockNameOfStock | EOY Book ValueEOYBookValue | EOYFMVEOYFMV |
|---|---|---|
| 1530 shares of ALERIAN MLP ETF AMLP | 24146 | 25429 |
| 4466 shares of DOUBLELINE TOTAL RETURN BOND DBLTX | 49749 | 49262 |
| 160 shares of ISHARES BARCLAYS TIPS BOND FUND TIP | 18369 | 18670 |
| 280 shares of ISHARES IBOXX HIGH YIELD CORPORATE BOND FUND HYG | 24684 | 25040 |
| 420 shares of ISHARES IBOXX INVESTMENT GRADE CORPORATE BOND FD LQD | 47041 | 47778 |
| 590 shares of ISHARES SP 500 GROWTH INDEX FUND IVW | 36675 | 39784 |
| 430 shares of ISHARES SP 500 VALUE INDEX FUND IVE | 23030 | 24867 |
| 220 shares of ISHARES TR S P MIDCAP 400 INDEX FD IJH | 17189 | 19274 |
| 910 shares of MATTHEWS PACIFIC TIGER FUND MAPTX | 19416 | 18510 |
| 50 shares of SPDR GOLD TR GOLD SHS GLD | 6538 | 7600 |
| 1870 shares of TEMPLETON EMERGING MARKETS INCOME FUND INC TEI | 30997 | 29116 |
| 750 shares of VANGUARD DIVIDEND APPRECIATION ETF VIG | 39161 | 40988 |
| 230 shares of VANGUARD FTSE ALL-WLD EX-US SMCP IDX VSS | 19114 | 17841 |
| 440 shares of VANGUARD MSCI EUROPEAN ETF VGK | 21301 | 18229 |
| 250 shares of VANGUARD SF REIT ETF VNQ | 13876 | 14500 |
| 750 shares of WISDOMTREE EMERGING MARKETS EQUITY INCOME FUND DEM | 39365 | 38453 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | DB COMMODITY INDEX TRACKING FUND DBC | CategoryOrItem |
| Book Value | 24469 | BookValue |
| EOYFMV | 24156 | EOYFMV |
Liquidation Explanation Stmt LiquidationExplanationStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Statement | 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, 2011, The Doug and Betsey Schwab and Family Foundation Inc. the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled 113,600. This amount represents over 25 of the Foundations net assets of 343,955 as measured by fair market value at the beginning of the Foundations taxable year ending December 31, 2011. 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. | Statement |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Disbursements Charitable PrpsDisbursementsCharitablePrps | Net Investment IncomeNetInvestmentIncome |
|---|---|---|---|
| Administrative Fees | 6142 | 6142 | |
| K1 passthrough DB COMMODITY INDEX TRACKING FUND | 135 | 135 | |
| K1 passthrough POWERSHARES DB AGRICULTURE FUND | 22 | 22 | |
| State or Local Filing Fees | 25 | 25 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income OtherIncome (2 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Net Investment IncomeNetInvestmentIncome |
|---|---|---|
| DB COMMODITY INDEX TRACKING FUND K-1 Pass-Through Share of Partnership Income/Loss | 10 | 10 |
| POWERSHARES DB AGRICULTURE FUND K-1 Pass-Through Share of Partnership Income/Loss | 2 | 2 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees OtherProfessionalFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment Management Services | Category |
| Amount | $3,165 | Amount |
| Net Investment Income | 3165 | NetInvestmentIncome |
Taxes Schedule TaxesSchedule
Taxes Taxes (2 entries)
| CategoryCategory | AmountAmount | Net Investment IncomeNetInvestmentIncome | Adjusted Net IncomeAdjustedNetIncome | Disbursements Charitable PrpsDisbursementsCharitablePrps |
|---|---|---|---|---|
| Estimated Tax for 2011 | $200 | 0 | 0 | 0 |
| IRS Excise Tax Payment with 1st ext 2010 990PF | $80 | 0 | 0 | 0 |
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