THE KARLA SCHERER FOUNDATION: Form 990PF, tax year 2025
View the entire original 990 at ProPublica ↗
- Organization
- THE KARLA SCHERER FOUNDATION (EIN 38-2877392)
- Tax period
- 2025-01-01 to 2025-12-31
- Filed
- 2026-05-11
- IRS object ID
- 202621319349103942
- Schema version
- 2025v4.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Depreciation Schedule
- Investments Corp Stock Schedule
- Land Etc Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-05-11T14:41:08-05:00 | ReturnTs |
| Tax Period End | 2025-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 362985770 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SELDEN FOX LTD | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE PARKVIEW PLAZA SUITE 710 | AddressLine1Txt |
| City | OAKBROOK TERRACE | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60181 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2025-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 382877392 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE KARLA SCHERER FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | KARL | BusinessNameControlTxt |
| Phone | 3129439191 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 737 N MICHIGAN AVE 2330 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60611 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KARLA SCHERER | PersonNm |
| Person Title | CHRM-BD, CEO & TRUSTEE | PersonTitleTxt |
| Phone | 3129439191 | PhoneNum |
| Signature | 2026-05-08 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JOHN T WOJCIK | PreparerPersonNm |
| PTIN | P01331805 | PTIN |
| Phone | 6309541400 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2025 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $9,697,423 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $223,303 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $198,738 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $198,738 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $198,738 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $56,657 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $398,937 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $56,657 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $478,698 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $255,395 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $198,738 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $5,310 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $2,655 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $2,655 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $7,705 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $3,853 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $3,852 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $6,544 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $6,544 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $961 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $961 | DeprecAndDpltnAdjNetIncmAmt |
| Occupancy Rev And Expnss | $106,497 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $26,624 | OccupancyNetInvstIncmAmt |
| Occupancy Adj Net Incm | $0 | OccupancyAdjNetIncmAmt |
| Occupancy Dsbrs Chrtbl | $79,873 | OccupancyDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $2,781 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $694 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $2,087 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $129,798 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $40,370 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $961 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $88,467 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $318,297 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $318,297 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $448,095 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $40,370 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $961 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $406,764 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $30,603 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $215,025 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $197,777 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $86,917 | CashBOYAmt |
| Cash EOY | $246,715 | CashEOYAmt |
| Cash EOYFMV | $246,715 | CashEOYFMVAmt |
| Corporate Stock BOY | $8,074,689 | CorporateStockBOYAmt |
| Corporate Stock EOY | $1,886,888 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $9,436,139 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $75,537 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $0 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $0 | CorporateBondsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $90,724 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $80,705 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $10,980 | LandBOYAmt |
| Land EOY | $10,019 | LandEOYAmt |
| Land EOYFMV | $10,019 | LandEOYFMVAmt |
| Other Assets BOY | $4,550 | OtherAssetsBOYAmt |
| Other Assets EOY | $4,550 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $4,550 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $8,252,673 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,148,172 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $9,697,423 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $8,252,673 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $2,148,172 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $8,252,673 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $2,148,172 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $8,252,673 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $2,148,172 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $8,252,673 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $30,603 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $8,283,276 | SubtotalAmt |
| Other Decreases | $6,135,104 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $2,148,172 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (16 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| 432 SHS UNITED PARCEL SERVICE | P | 2025-04-28 | 2025-09-29 | $36,316 | $41,943 | -$5,627 | -$5,627 |
| 124 SHS VIATRIS INC | P | 2025-04-28 | 2025-06-04 | $1,079 | $1,023 | $56 | $56 |
| 100 SHS ORGANON & CO | P | 2013-01-28 | 2025-09-29 | $1,016 | $2,067 | -$1,051 | -$1,051 |
| 400 SHS VOLKSWAGEN AG | P | 2017-03-21 | 2025-07-21 | $42,530 | $59,800 | -$17,270 | -$17,270 |
| 250 SHS AVANOS MEDICAL INC | P | 1993-08-20 | 2025-06-04 | $3,098 | $1,853 | $1,245 | $1,245 |
| 600 SHS CHEMOURS CO | P | 2010-02-23 | 2025-06-04 | $5,949 | $5,245 | $704 | $704 |
| 1,282 SHS DOW INC | P | 2010-02-23 | 2025-06-04 | $35,710 | $33,123 | $2,587 | $2,587 |
| 2,000 SHS KELLANOVA | P | 1993-08-20 | 2025-09-29 | $163,677 | $48,611 | $115,066 | $115,066 |
| 5,883 SHS NUVEEN GLOBAL HIGH INCOM | P | $73,991 | $105,233 | -$31,242 | -$31,242 | ||
| 600 SHS ORGANON & CO | P | 1992-11-18 | 2025-09-29 | $6,098 | $5,347 | $751 | $751 |
| 0.5 SHS QNITY ELECTRONICS INC | P | $46 | $46 | $46 | |||
| 804 SHS UNITI GROUP INC | P | 2010-02-22 | 2025-06-04 | $3,436 | $26,131 | -$22,695 | -$22,695 |
| 1,240 SHS VIATRIS INC | P | 2008-10-28 | 2025-06-04 | $10,794 | $8,601 | $2,193 | $2,193 |
| 500 SHS WK KELLOGG CO | P | 1993-08-20 | 2025-09-26 | $11,500 | $3,114 | $8,386 | $8,386 |
| 50 SHS ZIMVIE INC | P | $950 | $189 | $761 | $761 | ||
| CAPITAL GAINS DIVIDENDS | P | $2,747 | $2,747 | $2,747 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $56,657 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | -$5,571 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $2,989 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $2,989 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $2,989 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $4,040 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $4,040 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $1,051 | OverpaymentAmt |
| Applied To ES Tax | $1,051 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | IL | OrgReportOrRegisterStateCd |
| Org Report Or Register State | MI | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | KARLA SCHERER | IndividualWithBooksNm |
| Phone | 3129439191 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 737 NORTH MICHIGAN AVE STE 2330 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60611 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|---|
| KARLA SCHERER | |||||||||
| 737 NORTH MICHIGAN AVENUE SUITE | 2330 | CHICAGO | IL | 60611 | CHRM-BD, CEO & TRUSTEE | 20.00 | $0 | $0 | $0 |
| HADLEY KIMBERLIN | |||||||||
| 737 NORTH MICHIGAN AVENUE SUITE | 2330 | CHICAGO | IL | 60611 | TREASURER | 2.00 | $0 | $0 | $0 |
| AMANDA MCKENZIE | |||||||||
| 737 NORTH MICHIGAN AVENUE SUITE | 2330 | CHICAGO | IL | 60611 | SECRETARY | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $8,497,341 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $191,502 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $8,688,843 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $8,688,843 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $130,333 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $8,558,510 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $427,926 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $427,926 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $2,989 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $2,989 | TotalTaxAmt |
| Distributable Before Adj | $424,937 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $424,937 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $424,937 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $406,764 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $406,764 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $424,937 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $318,297 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $406,764 | QualifyingDistributionsAmt |
| Applied To Year1 | $318,297 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $88,467 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $336,470 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | KARLA SCHERER | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | KARLA SCHERER | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 737 NORTH MICHIGAN AVENUE SUITE | AddressLine1Txt |
| Address Line2 | 2330 | AddressLine2Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60611 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 3129439191 | RecipientPhoneNum |
| Form And Info And Materials | N/A | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | N/A | SubmissionDeadlinesTxt |
| Restrictions On Awards | N/A | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (18 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusCd | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| ACLU | ||||||
| 150 N MICHIGAN AVE 600 | CHICAGO | IL | 60601 | PC | GENERAL FUND | $1,000 |
| ART INSTITUTE OF CHICAGO | ||||||
| 111 S MICHIGAN AVE | CHICAGO | IL | 60603 | PC | GENERAL FUND | $5,000 |
| CHICAGO SYMPHONY ORCHESTRA | ||||||
| 220 S MICHIGAN AVE | CHICAGO | IL | 60604 | PC | GENERAL FUND | $10,000 |
| COMMITTEE OF ARTS OF THE AMERICAS | ||||||
| 111 S MICHIGAN AVE | CHICAGO | IL | 60603 | PC | GENERAL FUND | $5,000 |
| FIELD MUSEUM | ||||||
| 1400 S LAKE SHORE DR | CHICAGO | IL | 60605 | PC | GENERAL FUND | $10,000 |
| HEALTH NETWORK FOUNDATION | ||||||
| 3550 LANDER RD SUITE 225 | CLEVELAND | OH | 44124 | PC | GENERAL FUND | $78,797 |
| KBACH FRIENDS OF PUBLIC RADIO ARIZONA | ||||||
| 2323 W 14TH STREET | TEMPE | AZ | 85281 | PC | GENERAL FUND | $1,000 |
| LEADER DOGS FOR THE BLIND | ||||||
| 1039 S ROCHESTER RD | ROCHESTER HILLS | MI | 48307 | PC | GENERAL FUND | $5,000 |
| LYRIC OPERA OF CHICAGO | ||||||
| 20 N UPPER WACKER DR | CHICAGO | IL | 60606 | PC | GENERAL FUND | $10,000 |
| MICHIGAN SUPREME COURT HISTORICAL SOCIETY | ||||||
| 925 W OTTAWA STREET | CHICAGO | IL | 60610 | PC | GENERAL FUND | $500 |
| NEWBERRY LIBRARY | ||||||
| 60 W WALTON STREET | CHICAGO | IL | 60610 | PC | GENERAL FUND | $20,000 |
| PLANNED PARENTHOOD | ||||||
| 1215 W FULTON MARKET | CHICAGO | IL | 60607 | PC | GENERAL FUND | $28,890 |
| PROJECT FREEDIVE | ||||||
| 2146 N OAKLEY AVENUE | CHICAGO | IL | 60647 | PC | GENERAL FUND | $51,110 |
| PROVIDENCE ST MEL SCHOOL | ||||||
| 119 S CENTRAL PARK BLVD | CHICAGO | IL | 60624 | PC | GENERAL FUND | $5,000 |
| SALVATION ARMY | ||||||
| 615 SLATERS LANE | ALEXANDRIA | VA | 22314 | PC | GENERAL FUND | $1,000 |
| THOMAS JEFFERSON FOUNDATION | ||||||
| 1050 MONTICELLO LOOP | CHARLOTTESVILLE | VA | 22902 | PC | GENERAL FUND | $10,000 |
| UNIVERSITY OF CHICAGO | ||||||
| 5801 SOUTH ELLIS AVENUE | CHICAGO | IL | 60637 | PC | GENERAL FUND | $75,000 |
| WFMT | ||||||
| 5400 N ST LOUIS AVE | CHICAGO | IL | 60625 | PC | GENERAL FUND | $1,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $318,297 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $198,738 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $56,657 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $255,395 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $255,395 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KARLA SCHERER | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 737 NORTH MICHIGAN AVE STE 2330 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60611 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $223,303 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $7,705 | Amt |
| Net Investment Income | $3,853 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $3,852 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (9 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|---|---|---|---|---|
| CONFERENCE ROOM FURNITURE | 1992-09-10 | $16,299 | $16,299 | SL | 7.000000000000 | $0 | $0 | $0 |
| OFFICE FURNITURE | 1992-08-10 | $5,742 | $5,742 | SL | 7.000000000000 | $0 | $0 | $0 |
| LEASEHOLD IMPROVEMENTS | 1997-05-23 | $12,303 | $8,691 | SL | 39.000000000000 | $315 | $0 | $315 |
| AREA RUG | 1997-05-23 | $8,250 | $8,250 | SL | 7.000000000000 | $0 | $0 | $0 |
| LEASEHOLD IMPROVEMENTS | 1997-05-19 | $3,067 | $2,179 | SL | 39.000000000000 | $79 | $0 | $79 |
| LEASEHOLD IMPROVEMENTS | 1997-05-23 | $22,120 | $15,640 | SL | 39.000000000000 | $567 | $0 | $567 |
| SOFA | 1997-06-23 | $6,140 | $6,140 | SL | 7.000000000000 | $0 | $0 | $0 |
| 2 CHAIRS | 1997-06-23 | $5,430 | $5,430 | SL | 7.000000000000 | $0 | $0 | $0 |
| CREDENZA, 2 BOOK CASES & DESKTOP | 1997-07-03 | $11,373 | $11,373 | SL | 7.000000000000 | $0 | $0 | $0 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (32 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ABBOTT LABORATORIES | $25,598 | $125,290 |
| ABBVIE INC COM | $27,759 | $228,490 |
| ANNALY CAPITAL MANAGEMENT INC. | $43,992 | $16,770 |
| BLACKROCK ENH INTL DVD TR | $49,127 | $52,920 |
| BRISTOL MYERS SQUIBB CO | $53,042 | $215,760 |
| CARRIER GLOBAL CORP. | $23,242 | $105,680 |
| CHEVON CORP | $148,517 | $304,820 |
| CONOCOPHILLIPS | $106,963 | $187,220 |
| DARDEN RESTAURANTS INC | $41,265 | $184,020 |
| DEERE & CO | $41,220 | $232,785 |
| DELL TECHNOLOGIES | $92,166 | $69,234 |
| DUPONT DE NEMOURS INC | $9,494 | $24,482 |
| ELI LILLY AND CO | $139,132 | $4,298,720 |
| EXELON CORP | $25,027 | $43,590 |
| EXXON MOBIL | $91,065 | $120,340 |
| FOUR CORNERS PROPERTY TRUST | $6,714 | $11,507 |
| HEALTHPEAK PPTYS INC | $13,358 | $78,245 |
| INTL FLAVORS & FRAGRANCES | $25,521 | $32,549 |
| KIMBERLY CLARK CORP. | $42,936 | $201,780 |
| MERCK & CO INC | $148,029 | $736,820 |
| OTIS WORLDWIDE CORP | $32,506 | $87,350 |
| PFIZER INC. | $179,849 | $273,900 |
| PROCTER & GAMBLE CO | $64,590 | $143,310 |
| QNITY ELECTRONICS INC | $13,600 | $24,822 |
| ROCHE HOLDINGS LTD | $59,370 | $77,355 |
| RTX CORP | $68,605 | $366,800 |
| SHELL PLC-ADR NEW | $50,362 | $146,960 |
| TARGET CORP | $90,491 | $91,787 |
| THE CIGNA CORP | $5,347 | $66,881 |
| VERIZON COMMUNICATIONS | $135,371 | $172,532 |
| WALMART INC | $24,600 | $668,460 |
| ZIMMER BIOMET HOLDINGS INC | $8,030 | $44,960 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (9 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt |
|---|---|---|---|
| CONFERENCE ROOM FURNITURE | $16,299 | $16,299 | $0 |
| OFFICE FURNITURE | $5,742 | $5,742 | $0 |
| LEASEHOLD IMPROVEMENTS | $12,303 | $9,006 | $3,297 |
| AREA RUG | $8,250 | $8,250 | $0 |
| LEASEHOLD IMPROVEMENTS | $3,067 | $2,258 | $809 |
| LEASEHOLD IMPROVEMENTS | $22,120 | $16,207 | $5,913 |
| SOFA | $6,140 | $6,140 | $0 |
| 2 CHAIRS | $5,430 | $5,430 | $0 |
| CREDENZA, 2 BOOK CASES & DESKTOP | $11,373 | $11,373 | $0 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $5,310 | LegalFeesAmt |
| Net Investment Income | $2,655 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $2,655 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ARTWORK | Desc |
| BOY Book Value | $4,550 | BOYBookValueAmt |
| EOY Book Value | $4,550 | EOYBookValueAmt |
| EOYFMV | $4,550 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ADJUSTMENT OF PRIOR YEAR TAX RETURN FROM FMV TO BOOK VALUE | Desc |
| Amt | $6,135,104 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| INSURANCE | $661 | $165 | $0 | $496 |
| OFFICE | $43 | $10 | $0 | $33 |
| UTILITIES | $2,077 | $519 | $0 | $1,558 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| FOREIGN TAX PAID | $754 | $754 | $0 | $0 |
| FEDERAL TAX PAYMENTS | $5,790 | $5,790 | $0 | $0 |
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