JOSEPH JACK SITT 1986 CHARITABLE TR: Form 990PF, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: JOSEPH JACK SITT 1986 CHARITABLE TR (EIN 13-3406764)
Tax period: 2010-01-01 to 2010-12-31
Filed: 2011-11-10
IRS object ID: 201113149349100711
Schema version: 2010v3.4
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
All Oth Prog Rltd Investments Sch
Depreciation Schedule
Distribution From Corpus Election
Investments Other Schedule2
Land Etc Schedule2
Other Expenses Schedule
Other Income Schedule2
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-11-10T13:17:14-05:00	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	FTI Consulting Inc	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	101 Eisenhower Parkway	AddressLine1
City	Roseland	City
State	NJ	State
ZIP Code	07068	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	133406764	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	Joseph Jack Sitt 1986 - Charitable Trust	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	JOSE	NameControl
Phone	2125295055	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	25 West 39th Street - 11th Floor	AddressLine1
City	New York	City
State	NY	State
ZIP Code	10018	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	Joseph J Sitt	Name
Title	Trustee	Title
Date Signed	2011-11-10	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Phone	9733640400	Phone

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-03-07 17:11:31Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Exempt PF	X	ExemptPF
FMV Assets EOY	8124732	FMVAssetsEOY
Method Of Accounting Cash	X	MethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Received Rev And Expnss	1640175	ContriReceivedRevAndExpnss
Interest On Savings Rev And Expnss	403	InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm	403	InterestOnSavingsNetInvstIncm
Dividends Rev And Expnss	1	DividendsRevAndExpnss
Dividends Net Invst Incm	1	DividendsNetInvstIncm
Total Revenue And Expenses	1640579	TotalRevenueAndExpenses
Total Net Investment Income	404	TotalNetInvestmentIncome
Other Expenses Rev And Expnss	349	OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm	25	OtherExpensesNetInvstIncm
Other Expenses Dsbrs Chrtbl Prps	324	OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss	349	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	25	TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	324	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	968104	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	968104	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	968453	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	25	TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps	968428	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	672126	ExcessOfRevenueOverExpenses
Net Investment Income	379	NetInvestmentIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Savings And Temp Cash Invst BOY	422732	SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY	89683	SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV	89683	SavingsAndTempCashInvstEOYFMV
Investments Other BOY	7029874	InvestmentsOtherBOY
Investments Other EOY	8035049	InvestmentsOtherEOY
Investments Other EOYFMV	8035049	InvestmentsOtherEOYFMV
Total Assets BOY	7452606	TotalAssetsBOY
Total Assets EOY	8124732	TotalAssetsEOY
Total Assets EOYFMV	8124732	TotalAssetsEOYFMV
Accounts Payable BOY	0	AccountsPayableBOY
Accounts Payable EOY	0	AccountsPayableEOY
Total Liabilities BOY	0	TotalLiabilitiesBOY
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Do Not Follow SFAS117	X	OrgThatDoNotFollowSFAS117
Retained Earnings BOY	7452606	RetainedEarningsBOY
Retained Earnings EOY	8124732	RetainedEarningsEOY
Total Net Assets BOY	7452606	TotalNetAssetsBOY
Total Net Assets EOY	8124732	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	7452606	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	8124732	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	7452606	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	672126	ExcessOfRevenueOverExpenses
Subtotal	8124732	Subtotal
Total Net Assets Fund Balances EOY	8124732	TotalNetAssetsFundBalancesEOY

Field	Value	IRS element (for citing)
Capital Gains And Losses		CapitalGainsAndLosses

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	false	LiableFor4942Tax
Qualifying Distributions Year1	1303345	QualifyingDistributionsYear1
Noncharitable Assets Year1	8092651	NoncharitableAssetsYear1
Distribution Ratio Year1	0.161053	DistributionRatioYear1
Qualifying Distributions Year2	479828	QualifyingDistributionsYear2
Noncharitable Assets Year2	466417	NoncharitableAssetsYear2
Distribution Ratio Year2	1.028753	DistributionRatioYear2
Qualifying Distributions Year3	534378	QualifyingDistributionsYear3
Noncharitable Assets Year3	742243	NoncharitableAssetsYear3
Distribution Ratio Year3	0.71995	DistributionRatioYear3
Qualifying Distributions Year4	41257	QualifyingDistributionsYear4
Noncharitable Assets Year4	178281	NoncharitableAssetsYear4
Distribution Ratio Year4	0.231416	DistributionRatioYear4
Qualifying Distributions Year5	915390	QualifyingDistributionsYear5
Noncharitable Assets Year5	35175	NoncharitableAssetsYear5
Distribution Ratio Year5	26.023881	DistributionRatioYear5
Total Distribution Ratio	28.165053	TotalDistributionRatio
Average Distribution Ratio	5.633011	AverageDistributionRatio
Net Noncharitable Assets	7997185	NetNoncharitableAssets
Adjusted Noncharitable Assets	45048231	AdjustedNoncharitableAssets
One Percent Net Investment Income	4	OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One	45048235	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	968428	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Investment Income Excise Tax	8	InvestmentIncomeExciseTax
Subtotal	8	Subtotal
Tax Based On Investment Income	8	TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment	3756	EstTaxPaymentsAndOverpayment
Total Credits And Payments	3756	TotalCreditsAndPayments
Overpayment	3748	Overpayment
Amount Credited To Next Year	3748	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
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	true	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	TAXPAYER	BusinessNameLine1

Field	Value	IRS element (for citing)
Books In Care Of Phone Number	2125295055	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	25 WEST 39TH STREET - 11TH FLOOR	AddressLine1
City	NEW YORK	City
State	NY	State
ZIP Code	10018	ZIPCode

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
Undistr Income4942a2 Not Applied	false	UndistrIncome4942a2NotApplied
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
Rcv Funds To Pay Prsnl Bnft Contract	false	RcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft Contract	false	PayPremiumsPrsnlBnftContract
Prohibited Tax Shelter Transactn	false	ProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee

Field	Value	IRS element (for citing)
Person Name	Joseph J Sitt	PersonName

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	25 West 39th Street - 11th Floor	AddressLine1
City	New York	City
State	NY	State
ZIP Code	10018	ZIPCode

Field	Value	IRS element (for citing)
Title	Trustee	Title
Avg Hours Per Wk Devoted To Position	0	AvgHoursPerWkDevotedToPosition
Compensation	0	Compensation

Field	Value	IRS element (for citing)
Summary Of Direct Charitable Acty		SummaryOfDirectCharitableActy

Sum Of Program Related Investments SumOfProgramRelatedInvestments

Field	Value	IRS element (for citing)
Description1	NONE	Description1

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	0	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	83921	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	8035049	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	8118970	TotalFMVOfUnusedAssets
Acquisition Indebtedness	0	AcquisitionIndebtedness
Adj Total FMV Of Unused Assets	8118970	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	121785	CashDeemedCharitable
Net Noncharitable Assets	7997185	NetNoncharitableAssets
Minimum Investment Return	399859	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	399859	MinimumInvestmentReturn
Tax Based On Investment Income	8	TaxBasedOnInvestmentIncome
Total Tax	8	TotalTax
Distributable Amount Before Adj	399851	DistributableAmountBeforeAdj
Distributable Amount Before Ded	399851	DistributableAmountBeforeDed
Distributable Amount As Adjusted	399851	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	968428	ExpensesAndContributions
Program Related Investments Total	0	ProgramRelatedInvestmentsTotal
Amounts Paid Acq Charitable Assets	0	AmountsPaidAcqCharitableAssets
Amounts Set Aside Suitability Test	0	AmountsSetAsideSuitabilityTest
Amounts Set Aside Cash Distri Test	0	AmountsSetAsideCashDistriTest
Qualifying Distributions	968428	QualifyingDistributions
Adj Qualifying Distributions	968428	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	399851	DistributableAmountAsAdjusted
Prior Year1	2008	PriorYear1
Prior Year2	2007	PriorYear2
Prior Year3	2006	PriorYear3
Excess Distri Carryover Year5	915391	ExcessDistriCarryoverYear5
Excess Distri Carryover Year4	41257	ExcessDistriCarryoverYear4
Excess Distri Carryover Year3	534378	ExcessDistriCarryoverYear3
Excess Distri Carryover Year2	478246	ExcessDistriCarryoverYear2
Excess Distri Carryover Year1	1030182	ExcessDistriCarryoverYear1
Total Excess Distri Carryover	2999454	TotalExcessDistriCarryover
Qualifying Distributions	968428	QualifyingDistributions
Treated As Distri From Corpus	968428	TreatedAsDistriFromCorpus
Remaining Distri From Corpus	0	RemainingDistriFromCorpus
Excess Distri Cyov App CY Corpus	399851	ExcessDistriCyovAppCYCorpus
Excess Distri Cyov Applied CY	399851	ExcessDistriCyovAppliedCY
Total Corpus	3568031	TotalCorpus
Undistributed Income CY	0	UndistributedIncomeCY
Excess Distri Cyov From Year5	515540	ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year	3052491	ExcessDistriCyovToNextYear
Excess From Year4	41257	ExcessFromYear4
Excess From Year3	534378	ExcessFromYear3
Excess From Year2	478246	ExcessFromYear2
Excess From Year1	1030182	ExcessFromYear1
Excess From Current Year	968428	ExcessFromCurrentYear

Field	Value	IRS element (for citing)
Private Operating Foundations		PrivateOperatingFoundations

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Contributing Manager	JOSEPH J SITT	ContributingManager
Only Contributes To Preselected	X	OnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (71 entries)

Address Line1RecipientUSAddress/AddressLine1	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Recipient RelationshipRecipientRelationship	Recipient Foundation StatusRecipientFoundationStatus	Purpose Of Grant Or ContributionPurposeOfGrantOrContribution	AmountAmount	Address Line1RecipientForeignAddress/AddressLine1	CityRecipientForeignAddress/City	Province Or StateRecipientForeignAddress/ProvinceOrState	CountryRecipientForeignAddress/Country	Postal CodeRecipientForeignAddress/PostalCode
American Friends Of Aram Soba
1030 East 7th Street	Brooklyn	NY	11230	None	Public Charity	Unrestricted	$2,000
American Friends of Yad Eliezer
1102 East 26th Street	Brooklyn	NY	11210	None	Public Charity	Unrestricted	$1,000
Amtrak Police FOP 189 1013 Fund
234 West 31st Street	New York	NY	10001	None	Public Charity	Unrestricted	$2,000
Asbury Park Bet Medrash
1515 Logan Road	Ocean	NJ	11230	None	Public Charity	Unrestricted	$1,100
Bobbie's Place
1472 East 17th Street	Brooklyn	NY	11230	None	Public Charity	Unrestricted	$17,800
Chabad Of Puerto Rico
				None	Public Charity	Unrestricted	$1,000	PMB 122	5900 Isla Verde Ave, L-2	Carolina	RQ	979
Coney Island USA
1208 Surf Avenue	Brooklyn	NY	11224	None	Public Charity	Unrestricted	$16,000
Congregation Benei Yakov
1229 Avenue T	Brooklyn	NY	11229	None	Public Charity	Unrestricted	$1,000
Congregation Edmond J Safra
11 East 63rd Street	New York	NY	10065	None	Public Charity	Unrestricted	$2,000
Congregation Shaare Zion
2030 Ocean Parkway	Brooklyn	NY	11223	None	Public Charity	Unrestricted	$7,250
Darchei David Foundation
324 Shenman Avenue	Deal	NJ	07723	None	Public Charity	Unrestricted	$6,400
Deal PBA Local 101
PO BOX 308	Deal	NJ	07723	None	Public Charity	Unrestricted	$1,500
Foundation for Sephardic Studies
PO Box 230201	Brooklyn	NY	11223	None	Public Charity	Unrestricted	$34,017
George Washington University
21211 Street NW	Washington	DC	20052	None	Public Charity	Unrestricted	$50,000
Gesher Yehuda
49 Avenue T	Brooklyn	NY	11223	None	Public Charity	Unrestricted	$3,750
Hatzalah EMS Of Jersey Shore
PO Box 2333	Elberon	NJ	07740	None	Public Charity	Unrestricted	$2,400
Hatzolah Of Miami
8 Industrial Way East	Eatontown	NJ	07724	None	Public Charity	Unrestricted	$1,000
Hazon Yeshaya
1924 east 7th street	Brooklyn	NY	11223	None	Public Charity	Unrestricted	$7,000
Hillel Yeshiva
PO Box 2288	Ocean	NJ	07712	None	Public Charity	Unrestricted	$2,000
Ilan High School
82 Norwood Avenue - Suite 3	Deal	NJ	07723	None	Public Charity	Unrestricted	$2,200
Imagine Academy
1465 East 7th Street	Brooklyn	NY	11213	None	Public Charity	Unrestricted	$1,500
Jewish Community Foundation Of San DiegoTikvot
4950 Murphy Canyon Road	San Diego	CA	92123	None	Public Charity	Unrestricted	$2,600
Joseph Kushner Hebrew Academy
110 South Orange Avenue	Livingston	NJ	07039	None	Public Charity	Unrestricted	$3,000
Just One Life
587 5th Avenue - Room 702	New York	NY	10017	None	Public Charity	Unrestricted	$1,000
Keren Kimum
20 West 33rd Street - 12th Floor	New York	NY	10001	None	Public Charity	Unrestricted	$1,000
KHT Kol Yaakov Campaign
10 West 33rd Street 9th FI	New York	NY	10001	None	Public Charity	Unrestricted	$1,200
Kids Of Courage
2044 Ocean Avenue Sute A-1	Brooklyn	NY	11230	None	Public Charity	Unrestricted	$1,000
Knesseth Bais Yaakov
1714 Avenue J	Brooklyn	NY	11223	None	Public Charity	Unrestricted	$4,000
Lottie's KitchenEzer Mizion
1281 49th Street	Brooklyn	NY	11219	None	Public Charity	Unrestricted	$2,600
Lubavitch Youth Organization
1408 President Street	Brooklyn	NY	10018	None	Public Charity	Unrestricted	$5,000
Magen David Sephardic Congregation
2036 McDonald Avenue	Brooklyn	NY	11223	None	Public Charity	Unrestricted	$1,800
Magen David Yeshivah
2130 McDonald Avenue	Brooklyn	NY	11223	None	Public Charity	Unrestricted	$27,150
Mary Tawil Foundation
1832 East 8th Street	Brooklyn	NY	11223	None	Public Charity	Unrestricted	$1,000
Maskeel EI Dal
1845 East 5th Street	Brooklyn	NY	11223	None	Public Charity	Unrestricted	$2,300
Mikdash Shaul
34 West 33rd Street 2nd FL	New York	NY	10001	None	Public Charity	Unrestricted	$10,000
Mirrer Yeshiva
10 West 33rd Street	New York	NY	10001	None	Public Charity	Unrestricted	$1,100
Nesach Yisrael Institution
1890 East 5th Street - Suite 3-H	Brooklyn	NY	11223	None	Public Charity	Unrestricted	$1,000
New York University
Stern Fund - PO Box 29303	New York	NY	10017	None	Public Charity	Unrestricted	$5,500
Ohel Moshe Society
1848 East 7th Street	Brooklyn	NY	11223	None	Public Charity	Unrestricted	$56,000
Ohel Yaacob Congregation
4 Ocean Avenue	Deal	NJ	07723	None	Public Charity	Unrestricted	$2,000
Pesach TikvahDoor Of Hope
18 Middleton Street	Brooklyn	NY	11206	None	Public Charity	Unrestricted	$1,000
Porat Yoseph Foundation
1879 East 2nd Street	Brooklyn	NY	11223	None	Public Charity	Unrestricted	$2,000
RAJE
2915 Ocean Parkway	Brooklyn	NY	11235	None	Public Charity	Unrestricted	$3,600
Reach For The Stars
3300 Kings Highway	Brooklyn	NY	11234	None	Public Charity	Unrestricted	$5,200
Rush Philanthropic Foundation
20 West 20th Street - Suite 302	New York	NY	10011	None	Public Charity	Unrestricted	$2,600
SAFE
PO Box 230060	Brooklyn	NY	11223	None	Public Charity	Unrestricted	$16,000
SEAD
1 Meridian Road	Eatontown	NJ	07724	None	Public Charity	Unrestricted	$2,000
Sackett Lake Jewish Center Welfare Fund
280 Northern Boulevard	Great Neck	NY	11021	None	Public Charity	Unrestricted	$1,200
Sephardic Bikur Holim
425 Kings Highway	Brooklyn	NY	11223	None	Public Charity	Unrestricted	$1,233
Sephardic Community Alliance
140 Fulton Street 5th Floor	New York	NY	10038	None	Public Charity	Unrestricted	$5,000
Sephardic Community Center
1901 Ocean Parkway	Brooklyn	NY	11223	None	Public Charity	Unrestricted	$20,050
Sephardic Food Fund
8 West 40th Street 4th FL	New York	NY	10018	None	Public Charity	Unrestricted	$3,002
Sephardic Hospital Fund
379 Kings Highway	Brooklyn	NY	11223	None	Public Charity	Unrestricted	$20,000
Sephardic Institute
511 Avenue R	Brooklyn	NY	11223	None	Public Charity	Unrestricted	$1,203
Sephardic Mikvah Israel
810 Avenue S	Brooklyn	NY	11223	None	Public Charity	Unrestricted	$1,001
Sephardic Synagogue Of Allenhurst
511 Avenue R	Brooklyn	NY	11223	None	Public Charity	Unrestricted	$7,001
Solving Kids Cancer Inc
598 Madison Avenue 6th Floor	New York	NY	10022	None	Public Charity	Unrestricted	$2,000
Special Childrens Center
1400 Prospect Street	Lakewood	NJ	08701	None	Public Charity	Unrestricted	$1,800
Synagogue of Deal
128 Norwood Avenue	Deal	NJ	07723	None	Public Charity	Unrestricted	$5,400
Tebah Educational Services Inc
34 West 33rd Street - 2nd Floor	New York	NY	10001	None	Public Charity	Unrestricted	$1,001
The George Washington University
2100 M Street NW - Suite 310	Washington	DC	200772685	None	Public Charity	Unrestricted	$5,000
The Sephardic Heritage Museum Inc
25 West 39th Street - 11th Floor	New York	NY	10018	None	Public Charity	Unrestricted	$490,000
Center for Jewish History
15 West 16th Street New York	New York	NY	10011	None	Public Charity	Unrestricted	$1,250
UJA Federation
130 East 59th Street	New York	NY	10022	None	Public Charity	Unrestricted	$1,500
United Against Lung Cancer
27 Union Square West - Suite 304	New York	NY	10003	None	Public Charity	Unrestricted	$1,000
Yad Yosef Torah Center
1032 Ocean Parkway	Brooklyn	NY	112304001	None	Public Charity	Unrestricted	$31,742
Yeshiva Gedolah Bais Yisroel
2002 Avenue J	Brooklyn	NY	11210	None	Public Charity	Unrestricted	$3,500
Yeshivah Of Flatbush
919 East 10th Street	Brooklyn	NY	11230	None	Public Charity	Unrestricted	$4,851
Yeshivah Zichron Mayir
18 Ronald Tawil Way	Mountain Dale	NY	12763	None	Public Charity	Unrestricted	$1,000
Yeshivat Keter Torah
613 Apollo Road	Lakewood	NJ	08701	None	Public Charity	Unrestricted	$8,500
Total Donations Less than 1000
Various	Various	NY	11223	None	Public Charity	Unrestricted	$25,303

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	968104	TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Field	Value	IRS element (for citing)
Fees Contracts From Govt Agencies		FeesContractsFromGovtAgencies
Membership Dues And Assessments		MembershipDuesAndAssessments

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$403	ExclusionAmount

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$1	ExclusionAmount

Field	Value	IRS element (for citing)
Net Rental Incm Re Debt Fincd Prop		NetRentalIncmReDebtFincdProp
Net Rntl Incm Re Not Debt Fincd Prop		NetRntlIncmReNotDebtFincdProp
Net Rental Incm Personal Property		NetRentalIncmPersonalProperty
Other Investment Income Part VII		OtherInvestmentIncomePartVII
Gain Sales Assets Oth Than Invntry		GainSalesAssetsOthThanInvntry
Net Income Loss From Special Events		NetIncomeLossFromSpecialEvents
Gross Profit Loss Sales Of Invntry		GrossProfitLossSalesOfInvntry

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Exclusion	$404	ExclusionAmount

Field	Value	IRS element (for citing)
Total Part XVIA	404	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	1	ContributorNumber
Contributor Name Individual	Joseph J Sitt	ContributorNameIndividual

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	449 AVENUE T	AddressLine1
City	BROOKLYN	City
State	NY	State
ZIP Code	11223	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	1640175	AggregateContributions
Person Contribution Type	X	PersonContributionType

All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch

All Oth Prog Rltd Investments AllOthProgRltdInvestments

Field	Value	IRS element (for citing)
Description	NONE	Description

Depreciation Schedule DepreciationSchedule

Distribution From Corpus Election DistributionFromCorpusElection

Field	Value	IRS element (for citing)
Election	Pursuant to IRC Section 4942(h)(2) and Reg. 53-4942(a), the above referenced foundation hereby elects to treat the current year qualifying distributions in excess of the immediately preceeding tax year's undistributed income as being made out of the corpus.	Election

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOther

Field	Value	IRS element (for citing)
Category Or Item	99% INTEREST IN THOR UPF I LLC	CategoryOrItem
Listed At Cost Or FMV	AT COST	ListedAtCostOrFMV
Book Value	8035049	BookValue
EOYFMV	8035049	EOYFMV

Land Etc Schedule2 LandEtcSchedule2

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (3 entries)

DescriptionDescription	Revenue And Expenses Per BooksRevenueAndExpensesPerBooks	Net Investment IncomeNetInvestmentIncome	Disbursements Charitable PrpsDisbursementsCharitablePrps
BANK FEES	25	25
NYS ANNUAL FILING FEE	250		250
MISC EXPENSE	74		74

Other Income Schedule2 OtherIncomeSchedule2

Other Income OtherIncome

Field	Value	IRS element (for citing)
Description	REFUND OF FEDERAL TAXES OVERPAYMENT	Description

Taxes Schedule TaxesSchedule

Taxes Taxes

Field	Value	IRS element (for citing)
Category	FEDERAL TAXES PAID	Category

JOSEPH JACK SITT 1986 CHARITABLE TR: Form 990PF, tax year 2010

Return header ReturnHeader

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Preparer Firm US Address PreparerFirmUSAddress

Filer Filer

Name Name

US Address USAddress

Officer Officer

Preparer Preparer

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Balance Sheets BalanceSheets

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Statements Regarding Activities StatementsRegardingActivities

Books In Care Of Business Name BooksInCareOfBusinessName

Books In Care Of US Address BooksInCareOfUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee

US Address USAddress

Sum Of Program Related Investments SumOfProgramRelatedInvestments

Minimum Investment Return MinimumInvestmentReturn

Distributable DistributableAmount

Qualifying Distributions QualifyingDistributions

Undistributed Income UndistributedIncome

Supplementary Information SupplementaryInformation

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (71 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Subtotals Part XVIA SubtotalsPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Contributor Address US ContributorAddressUS

All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch

All Oth Prog Rltd Investments AllOthProgRltdInvestments

Depreciation Schedule DepreciationSchedule

Distribution From Corpus Election DistributionFromCorpusElection

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOther

Land Etc Schedule2 LandEtcSchedule2

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (3 entries)

Other Income Schedule2 OtherIncomeSchedule2

Other Income OtherIncome

Taxes Schedule TaxesSchedule

Taxes Taxes

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