THE PAUL & ELISABETH MERAGE FAMILY FOUNDATION: Form 990PF, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- THE PAUL & ELISABETH MERAGE FAMILY FOUNDATION (EIN 68-0529692)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-08-06
- IRS object ID
- 201222199349100017
- 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
- Accounting Fees Schedule
- General Explanation Attachment
- Legal Fees Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-08-06T15:54:56-07:00 | 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 | DUNN HENRITZE & DIEHL LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 148 REMINGTON ST | AddressLine1 |
| City | FORT COLLINS | City |
| State | CO | State |
| ZIP Code | 805242834 | 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 | 680529692 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Paul & Elisabeth Merage | BusinessNameLine1 |
| Business Name Line2 | Family Foundation | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | PAUL | NameControl |
| Phone | 9494745800 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4350 Von Karman Ave Suite 400 | AddressLine1 |
| City | Newport Beach | City |
| State | CA | State |
| ZIP Code | 92660 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Paul Merage | Name |
| Title | President | Title |
| Date Signed | 2012-08-06 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Barbie Thelen | Name |
| Phone | 9703724163 | Phone |
| 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 | 31333288 | FMVAssetsEOY |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Not Required To Attach Schedule B | X | NotRequiredToAttachScheduleB |
| Interest On Savings Rev And Expnss | 4127 | InterestOnSavingsRevAndExpnss |
| Interest On Savings Net Invst Incm | 2484 | InterestOnSavingsNetInvstIncm |
| Dividends Rev And Expnss | 490622 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 490622 | DividendsNetInvstIncm |
| Net Gain Sale Assets Rev And Expnss | 360227 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 360227 | GrossSalesPrice |
| Capital Gain Net Incm Net Invst Incm | 360227 | CapitalGainNetIncmNetInvstIncm |
| Other Income Rev And Expnss | 87019 | OtherIncomeRevAndExpnss |
| Other Income Net Invst Incm | 72832 | OtherIncomeNetInvstIncm |
| Total Revenue And Expenses | 941995 | TotalRevenueAndExpenses |
| Total Net Investment Income | 926165 | TotalNetInvestmentIncome |
| Legal Fees Rev And Expnss | 215 | LegalFeesRevAndExpnss |
| Legal Fees Dsbrs Chrtbl Prps | 215 | LegalFeesDsbrsChrtblPrps |
| Accounting Fees Rev And Expnss | 3523 | AccountingFeesRevAndExpnss |
| Accounting Fees Dsbrs Chrtbl Prps | 3387 | AccountingFeesDsbrsChrtblPrps |
| Taxes Rev And Expnss | 12510 | TaxesRevAndExpnss |
| Other Expenses Rev And Expnss | 74861 | OtherExpensesRevAndExpnss |
| Other Expenses Net Invst Incm | 74506 | OtherExpensesNetInvstIncm |
| Other Expenses Dsbrs Chrtbl Prps | 150 | OtherExpensesDsbrsChrtblPrps |
| Tot Opr Expenses Rev And Expnss | 91109 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 74506 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 3752 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 1497410 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 1497410 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 1588519 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 74506 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 1501162 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | -646524 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 851659 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Savings And Temp Cash Invst BOY | 4983 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 310 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 310 | SavingsAndTempCashInvstEOYFMV |
| Investments Other BOY | 31974491 | InvestmentsOtherBOY |
| Investments Other EOY | 31332978 | InvestmentsOtherEOY |
| Investments Other EOYFMV | 31332978 | InvestmentsOtherEOYFMV |
| Total Assets BOY | 31979474 | TotalAssetsBOY |
| Total Assets EOY | 31333288 | TotalAssetsEOY |
| Total Assets EOYFMV | 31333288 | TotalAssetsEOYFMV |
| Accounts Payable EOY | 338 | AccountsPayableEOY |
| Total Liabilities EOY | 338 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Capital Stock BOY | 31979474 | CapitalStockBOY |
| Capital Stock EOY | 31332950 | CapitalStockEOY |
| Total Net Assets BOY | 31979474 | TotalNetAssetsBOY |
| Total Net Assets EOY | 31332950 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 31979474 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 31333288 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 31979474 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | -646524 | ExcessOfRevenueOverExpenses |
| Subtotal | 31332950 | Subtotal |
| Total Net Assets Fund Balances EOY | 31332950 | TotalNetAssetsFundBalancesEOY |
Capital Gains And Losses CapitalGainsAndLosses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | 360227 | CapitalGainNetIncome |
| Net Short Term Capital Gain Or Loss | 360227 | NetShortTermCapitalGainOrLoss |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 1228106 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 30444721 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 0.04034 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 1619166 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 27777934 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 0.05829 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 1624154 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 31759627 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 0.05114 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 1709664 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 34291599 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 0.04986 | DistributionRatioYear4 |
| Qualifying Distributions Year5 | 1417510 | QualifyingDistributionsYear5 |
| Noncharitable Assets Year5 | 32023765 | NoncharitableAssetsYear5 |
| Distribution Ratio Year5 | 0.04426 | DistributionRatioYear5 |
| Total Distribution Ratio | 0.24389 | TotalDistributionRatio |
| Average Distribution Ratio | 0.04878 | AverageDistributionRatio |
| Net Noncharitable Assets | 31382067 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 1530754 | AdjustedNoncharitableAssets |
| One Percent Net Investment Income | 8517 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 1539271 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 1501162 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 17033 | InvestmentIncomeExciseTax |
| Subtotal | 17033 | Subtotal |
| Tax Based On Investment Income | 17033 | TaxBasedOnInvestmentIncome |
| Est Tax Payments And Overpayment | 18289 | EstTaxPaymentsAndOverpayment |
| Total Credits And Payments | 18289 | TotalCreditsAndPayments |
| Form2220 Attached | X | Form2220Attached |
| Penalty For Underpayment | 135 | PenaltyForUnderpayment |
| Overpayment | 1121 | Overpayment |
| Amount Credited To Next Year | 1121 | AmountCreditedToNextYear |
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 |
| Form990 T Filed | false | Form990TFiled |
| Termination Etc | false | TerminationEtc |
| Requirements Of Sect508e | true | RequirementsOfSect508e |
| At Least5000 In Assets | true | AtLeast5000InAssets |
| States Filed With | NV | StatesFiledWith |
| States Filed With | CA | StatesFiledWith |
| 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 |
| Website Address | N/A | WebsiteAddress |
Books In Care Of Business Name BooksInCareOfBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Matt Drevlow | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Books In Care Of Phone Number | 9494745800 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4350 Von Karman Ave | AddressLine1 |
| City | Newport Beach | City |
| State | CA | State |
| ZIP Code | 92660 | 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 | true | FurnishedGoodsWithDsqflyPerson |
| Pay Compensation To Dsqfly Person | false | PayCompensationToDsqflyPerson |
| Transfer Assets To Dsqfly Person | false | TransferAssetsToDsqflyPerson |
| Payment To Government Offical | false | PaymentToGovernmentOffical |
| Acts Fail To Qualify As Exceptions | false | ActsFailToQualifyAsExceptions |
| Uncorrected Prior Acts | false | UncorrectedPriorActs |
| Undistributed Income Prior Years | false | UndistributedIncomePriorYears |
| Undistr Income4942a2 Not Applied | false | UndistrIncome4942a2NotApplied |
| Business Holdings | false | BusinessHoldings |
| Excess Business Holdings | false | ExcessBusinessHoldings |
| 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 |
| Tr Fail To Qualify As Exceptions | false | TrFailToQualifyAsExceptions |
| Maint Expend Responsibility | false | MaintExpendResponsibility |
| Rcv Funds To Pay Prsnl Bnft Contract | false | RcvFundsToPayPrsnlBnftContract |
| Pay Premiums Prsnl Bnft Contract | false | PayPremiumsPrsnlBnftContract |
| Prohibited Tax Shelter Transactn | false | ProhibitedTaxShelterTransactn |
| Proceeds Or Net Income | false | ProceedsOrNetIncome |
Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo
Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (2 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitle | Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition | CompensationCompensation |
|---|---|---|---|---|---|---|
| Elisabeth Merage | ||||||
| 4350 Von Karman Ave Suite 400 | Newport Beach | CA | 92660 | Sec/Treas/Dir | 1.00 | 0 |
| Paul Merage | ||||||
| 4350 Von Karman Ave Suite 400 | Newport Beach | CA | 92660 | Pres/Director | 2.00 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
| Comp Of Hghst Paid Cntrct NONE | NONE | CompOfHghstPaidCntrctNONE |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 31856248 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 3718 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 31859966 | TotalFMVOfUnusedAssets |
| Reduction Claimed | 0 | ReductionClaimed |
| Adj Total FMV Of Unused Assets | 31859966 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 477899 | CashDeemedCharitable |
| Net Noncharitable Assets | 31382067 | NetNoncharitableAssets |
| Minimum Investment Return | 1569103 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 1569103 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 17033 | TaxBasedOnInvestmentIncome |
| Total Tax | 17033 | TotalTax |
| Distributable Amount Before Adj | 1552070 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 1552070 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 1552070 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 1501162 | ExpensesAndContributions |
| Qualifying Distributions | 1501162 | QualifyingDistributions |
| Adj Qualifying Distributions | 1501162 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 1552070 | DistributableAmountAsAdjusted |
| Undistributed Income Prior Year | 1450480 | UndistributedIncomePriorYear |
| Qualifying Distributions | 1501162 | QualifyingDistributions |
| Applied To Year1 | 1450480 | AppliedToYear1 |
| Treated As Distri From Corpus | 0 | TreatedAsDistriFromCorpus |
| Applied To Current Year | 50682 | AppliedToCurrentYear |
| Undistributed Income CY | 1501388 | UndistributedIncomeCY |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Elisabeth Merage | ContributingManager |
| Contributing Manager | Paul Merage | ContributingManager |
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (4 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationship | Recipient Foundation StatusRecipientFoundationStatus | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|---|---|
| The Merage Institute | |||||||
| 4350 Von Karman Ave 400 | Newport Beach | CA | 92660 | Founder's related | Prvt | General Operations | $121,000 |
| Merage Institute of the American Dr | |||||||
| 4350 Von Karman Street 400 | Newport Beach | CA | 92660 | Founder's related | Prvt | General Operations. | $475,000 |
| Children First | |||||||
| 4350 Von Karman Street 400 | Newport Beach | CA | 92660 | Founder's related | Prvt | General Operations. | $150,000 |
| The UCI Foundation | |||||||
| 4199 Campus Drive | Irvine | CA | 92697 | None | Public | To promote research and educational programs. | $751,410 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 1497410 | 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 | $4,127 | ExclusionAmount |
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $490,622 | ExclusionAmount |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 18 | ExclusionCode |
| Exclusion | $360,227 | ExclusionAmount |
Other Revenue Described OtherRevenueDescribed (2 entries)
| DescriptionDescription | Exclusion CodeExclusionCode | ExclusionExclusionAmount |
|---|---|---|
| Dover III Underlying K-1s | 18 | $72,832 |
| Dover III - Unreal. Gain | 18 | $14,187 |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $941,995 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 941995 | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees AccountingFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Accounting fees | Category |
| Amount | $3,523 | Amount |
| Net Investment Income | 0 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
| Disbursements Charitable Prps | 3387 | DisbursementsCharitablePrps |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanation (2 entries)
| ExplanationExplanation |
|---|
| Part II, Balance Sheet, Line 13:Other Investments: Book Value FMVInvestment in Dover Capital Management III, LLC $31,332,978 $31,332,978 |
| Statement regarding Federal Form 990-PF, Section VII-B, Question 5(c)Pursuant to IRC Reg Sec 53.4945-5(d)(2), the Paul and Elisabeth Merage Family Foundation provides the following information:(i) Grantee: The Merage Institute for the American Dream, 4350 Von Karman Ave, Suite 400, Newport Beach, CA 92660(ii) Date & Amount of Grant: Various times, total of $475,000.(iii) Purpose of Grants: Support for the programs of The Merage Institute for the American Dream.(iv) & (vi) Reports: The Merage Institute for the American Dream provides full & complete reports at various times and has expended all funds provided.(v) Diversions: To the knowledge of the grantor, no funds have been diverted to any activity other than the activity for which the grant was originally made.(vii) Verification: The grantor has no reason to doubt the accuracy or reliability of the report from the grantee; therefore, no independent verification of the report was made.Pursuant to IRC Reg Sec 53.4945-5(d)(2), the Paul and Elisabeth Merage Family Foundation provides the following information:(i) Grantee: Children First - A Merage Foundation, 4350 Von Karman Ave, Suite 400, Newport Beach, CA 92660(ii) Date & Amount of Grant: Various times, total of $150,000.(iii) Purpose of Grants: Support for the programs of Children First - A Merage Foundation.(iv) & (vi) Reports: Children First - A Merage Foundation provides full & complete reports at various times and has expended all funds provided.(v) Diversions: To the knowledge of the grantor, no funds have been diverted to any activity other than the activity for which the grant was originally made.(vii) Verification: The grantor has no reason to doubt the accuracy or reliability of the report from the grantee; therefore, no independent verification of the report was made.Pursuant to IRC Reg Sec 53.4945-5(d)(2), the Paul and Elisabeth Merage Family Foundation provides the following information:(i) Grantee: The Merage Institute, 4350 Von Karman Ave, Suite 400, Newport Beach, CA 92660(ii) Date & Amount of Grant: Various times, total of $121,000.(iii) Purpose of Grants: Support for the programs of The Merage Institute.(iv) & (vi) Reports: The Merage Institute provides full & complete reports at various times and has expended all funds provided.(v) Diversions: To the knowledge of the grantor, no funds have been diverted to any activity other than the activity for which the grant was originally made.(vii) Verification: The grantor has no reason to doubt the accuracy or reliability of the report from the grantee; therefore, no independent verification of the report was made. |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal fees | Category |
| Amount | $215 | Amount |
| Net Investment Income | 0 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
| Disbursements Charitable Prps | 215 | DisbursementsCharitablePrps |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (6 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Net Investment IncomeNetInvestmentIncome | Disbursements Charitable PrpsDisbursementsCharitablePrps |
|---|---|---|---|
| Portfolio Exp - Dover III K-1 | 20716 | 20716 | |
| Miscellaneous Exp - Dover III K-1 | 4201 | 4201 | |
| Licenses & Permits | 355 | 150 | |
| Investment Management Fees - Dover III | 49131 | 49131 | |
| Investment Interest Exp - Dover III K-1 | 343 | 343 | |
| Foreign Dividend Fees - Dover IIII | 115 | 115 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income OtherIncome (2 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Net Investment IncomeNetInvestmentIncome |
|---|---|---|
| Dover III Underlying K-1s | 72832 | 72832 |
| Dover III - Unreal. Gain | 14187 |
Taxes Schedule TaxesSchedule
Taxes Taxes (2 entries)
| CategoryCategory | AmountAmount |
|---|---|
| State | $10 |
| Federal Excise Tax | $12,500 |
Comments