DEVINE-MAJORS FOUNDATION: Form 990PF, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- DEVINE-MAJORS FOUNDATION (EIN 27-1405032)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-05-13
- IRS object ID
- 201111339349100501
- Schema version
- 2010v3.2
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-05-13T05:46:43-07:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Davis Graber Plotzker & Ward LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 150 East 58th Street 20TH Floor | AddressLine1 |
| City | New York | City |
| State | NY | State |
| ZIP Code | 10155 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 271405032 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DEVINE-MAJORS FOUNDATION | BusinessNameLine1 |
| Business Name Line2 | GENSPRING FAMILY OFFICES | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | DEVI | NameControl |
| Phone | 2124054784 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 13-15 WEST 54TH STREET | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10019 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | WILLIAM F MAJORS | Name |
| Title | President | Title |
| Date Signed | 2011-05-13 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | GLENN DAVIS | Name |
| Phone | 2122302610 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | X | AddressChange |
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 3792348 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Not Required To Attach Schedule B | X | NotRequiredToAttachScheduleB |
| Dividends Rev And Expnss | 117564 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 117564 | DividendsNetInvstIncm |
| Net Gain Sale Assets Rev And Expnss | 354894 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 3619996 | GrossSalesPrice |
| Capital Gain Net Incm Net Invst Incm | 354894 | CapitalGainNetIncmNetInvstIncm |
| Total Revenue And Expenses | 472458 | TotalRevenueAndExpenses |
| Total Net Investment Income | 472458 | TotalNetInvestmentIncome |
| Accounting Fees Rev And Expnss | 3500 | AccountingFeesRevAndExpnss |
| Accounting Fees Net Invst Incm | 1750 | AccountingFeesNetInvstIncm |
| Accounting Fees Dsbrs Chrtbl Prps | 1750 | AccountingFeesDsbrsChrtblPrps |
| Taxes Rev And Expnss | 738 | TaxesRevAndExpnss |
| Taxes Net Invst Incm | 704 | TaxesNetInvstIncm |
| Deprec And Depletion Rev And Expnss | 0 | DeprecAndDepletionRevAndExpnss |
| Other Expenses Rev And Expnss | 11110 | OtherExpensesRevAndExpnss |
| Other Expenses Net Invst Incm | 11115 | OtherExpensesNetInvstIncm |
| Tot Opr Expenses Rev And Expnss | 15348 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 13569 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 1750 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 28500 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 28500 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 43848 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 13569 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 30250 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | 428610 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 458889 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Savings And Temp Cash Invst BOY | 2006 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 345841 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 345841 | SavingsAndTempCashInvstEOYFMV |
| Investments Corp Stock BOY | 3125097 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 1679872 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 1886686 | InvestmentsCorpStockEOYFMV |
| Investments Corp Bonds EOY | 1530000 | InvestmentsCorpBondsEOY |
| Investments Corp Bonds EOYFMV | 1559821 | InvestmentsCorpBondsEOYFMV |
| Total Assets BOY | 3127103 | TotalAssetsBOY |
| Total Assets EOY | 3555713 | TotalAssetsEOY |
| Total Assets EOYFMV | 3792348 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Capital Stock BOY | 3127103 | CapitalStockBOY |
| Capital Stock EOY | 3555713 | CapitalStockEOY |
| Total Net Assets BOY | 3127103 | TotalNetAssetsBOY |
| Total Net Assets EOY | 3555713 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 3127103 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 3555713 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 3127103 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | 428610 | ExcessOfRevenueOverExpenses |
| Subtotal | 3555713 | Subtotal |
| Total Net Assets Fund Balances EOY | 3555713 | TotalNetAssetsFundBalancesEOY |
Capital Gains And Losses CapitalGainsAndLosses
Capital Gains And Losses Info CapitalGainsAndLossesInfo (15 entries)
| Description Of AssetDescriptionOfAsset | How AcquiredHowAcquired | Date AcquiredDateAcquired | Date SoldDateSold | Gross Sales PriceGrossSalesPrice | Cost Or Other BasisCostOrOtherBasis | Gain Or LossGainOrLoss | Gains Minus Excess Or LossesGainsMinusExcessOrLosses |
|---|---|---|---|---|---|---|---|
| 3500 UNITED STS 12 MONTH OIL FD LP | P | 2009-03-02 | 2010-03-01 | 138400 | 89214 | 49186 | 49186 |
| 3539.256 VANGUARD INDEX TOTAL STK MKT | P | 2008-01-01 | 2010-02-26 | 93578 | 70418 | 23160 | 23160 |
| 22202.514 VANGUARD HIGH DIVD YLD | P | 2008-01-01 | 2010-02-26 | 331928 | 316799 | 15129 | 15129 |
| 27594.023 VANGUARD FINLS INDEX-ADM | P | 2008-01-01 | 2010-02-26 | 412255 | 422600 | -10345 | -10345 |
| 2500 PROSHARES ULTRASHRT LEH | P | 2008-01-01 | 2010-02-24 | 119942 | 104842 | 15100 | 15100 |
| 2898 ISHARES TR BARCLAYS TIPS | P | 2008-01-01 | 2010-02-24 | 301105 | 295907 | 5198 | 5198 |
| 27907.222 FIDELITY CHINA REGION FD | P | 2008-01-01 | 2010-02-26 | 728378 | 707270 | 21108 | 21108 |
| 9076.672 VANGUARD INDEX TOTAL STK MKT | P | 2010-01-01 | 2010-02-26 | 239987 | 181822 | 58165 | 58165 |
| 16638.233 VANGUARD HIGH DIVD YLD | P | 2010-01-01 | 2010-02-26 | 248742 | 195466 | 53276 | 53276 |
| 19657.22 VANGUARD FINLS INDEX-ADM | P | 2010-01-01 | 2010-02-26 | 293679 | 194799 | 98880 | 98880 |
| 22400 UNIFIED AUER GROWTH FD | P | 2010-03-01 | 2010-10-06 | 133504 | 140000 | -6496 | -6496 |
| SPDR GOLD TR GOLD ETF | P | 2010-11-16 | 2010-12-31 | 1 | 1 | ||
| 5500 ISHARES TR BARCLAYS TIPS | P | 2010-01-01 | 2010-02-24 | 571455 | 538315 | 33140 | 33140 |
| ISHARES SILVER TR | P | 2010-11-16 | 2010-12-31 | 2 | 2 | ||
| 269.721 FIDELITY CHINA REGION FD | P | 2009-12-07 | 2010-02-26 | 7040 | 7647 | -607 | -607 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | 354894 | CapitalGainNetIncome |
| Net Short Term Capital Gain Or Loss | 285544 | NetShortTermCapitalGainOrLoss |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 9178 | InvestmentIncomeExciseTax |
| Subtotal | 9178 | Subtotal |
| Tax Based On Investment Income | 9178 | TaxBasedOnInvestmentIncome |
| Form2220 Attached | X | Form2220Attached |
| Penalty For Underpayment | 1 | PenaltyForUnderpayment |
| Tax Due | 9179 | TaxDue |
| Amount Credited To Next Year | 0 | 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 | NY | 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 | ANNA WINDHAM | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Books In Care Of Phone Number | 2124054784 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 13-15 WEST 54TH STREET | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10019 | 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 |
| 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 (3 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitle | Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition | CompensationCompensation | Address Line1ForeignAddress/AddressLine1 | CityForeignAddress/City | CountryForeignAddress/Country | Postal CodeForeignAddress/PostalCode |
|---|---|---|---|---|---|---|---|---|---|---|
| ROBERT I MAJORS | ||||||||||
| 208 PRINCESS ANNE ROAD | WAYNESBORO | VA | 22980 | Secretary | 0.00 | 0 | ||||
| MAXINE E DEVINE MAJORS | ||||||||||
| Treasurer | 0.00 | 0 | 3 LOLLYS WELL ROAD | SMITHS | BD | FL07 | ||||
| WILLIAM F MAJORS | ||||||||||
| President | 0.00 | 0 | 3 LOLLYS WELL ROAD | SMITHS | BD | FL07 | ||||
| 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 | 3495037 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 173876 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 3668913 | TotalFMVOfUnusedAssets |
| Reduction Claimed | 0 | ReductionClaimed |
| Adj Total FMV Of Unused Assets | 3668913 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 55034 | CashDeemedCharitable |
| Net Noncharitable Assets | 3613879 | NetNoncharitableAssets |
| Minimum Investment Return | 180694 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 180694 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 9178 | TaxBasedOnInvestmentIncome |
| Total Tax | 9178 | TotalTax |
| Distributable Amount Before Adj | 171516 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 171516 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 171516 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 30250 | ExpensesAndContributions |
| Qualifying Distributions | 30250 | QualifyingDistributions |
| Adj Qualifying Distributions | 30250 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 171516 | DistributableAmountAsAdjusted |
| Undistributed Income Prior Year | 14319 | UndistributedIncomePriorYear |
| Qualifying Distributions | 30250 | QualifyingDistributions |
| Applied To Year1 | 14319 | AppliedToYear1 |
| Treated As Distri From Corpus | 0 | TreatedAsDistriFromCorpus |
| Applied To Current Year | 15931 | AppliedToCurrentYear |
| Undistributed Income CY | 155585 | UndistributedIncomeCY |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (3 entries)
| Address Line1RecipientForeignAddress/AddressLine1 | CityRecipientForeignAddress/City | CountryRecipientForeignAddress/Country | Postal CodeRecipientForeignAddress/PostalCode | Recipient RelationshipRecipientRelationship | Recipient Foundation StatusRecipientFoundationStatus | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount | Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode |
|---|---|---|---|---|---|---|---|---|---|---|---|
| INTERNATIONAL CHARITABLE FND-BERMUD | |||||||||||
| PO BOX HM 1322 | HAMILTON | BD | HM FX | NONE | PUBLIC | GENERAL OPERATIONS | $10,000 | ||||
| WEBB SCHOOL OF KNOXVILLE | |||||||||||
| NONE | PUBLIC | GENERAL OPERATIONS | $10,000 | 9800 WEBB SCHOOL LANE | KNOXVILLE | TN | 37923 | ||||
| ST BALDRICKS | |||||||||||
| NONE | PUBLIC | GENERAL OPERATIONS | $8,500 | 1333 SOUTH MAYFLOWER AVENUE | MONROVIA | CA | 91016 | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 28500 | TotGrantOrContriPaidDuringYear |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $117,564 | ExclusionAmount |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Income | 354894 | RelatedOrExemptFunctionIncome |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $117,564 | ExclusionAmount |
| Related Or Exempt Function Income | 354894 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 472458 | 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 | $3,500 | Amount |
| Net Investment Income | 1750 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
| Disbursements Charitable Prps | 1750 | DisbursementsCharitablePrps |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (2 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Net Investment IncomeNetInvestmentIncome |
|---|---|---|
| ROUNDING | -5 | |
| MANAGEMENT FEES | 11115 | 11115 |
Taxes Schedule TaxesSchedule
Taxes Taxes (2 entries)
| CategoryCategory | AmountAmount | Net Investment IncomeNetInvestmentIncome |
|---|---|---|
| FOREIGN TAX | $704 | 704 |
| FEDERAL EXCISE TAX | $34 |
Comments