| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 990-PF, PART XIII, LINE 4B, COLUMN (B) | UNDER IRC SECTION 4942(H)(2) AND REG. 53.4942(A)-3(D)(2), THE NONOPERATING PRIVATE FOUNDATION ELECTS TO TREAT CURRENT YEAR QUALIFYING DISTRIBUTIONS IN EXCESS OF THE IMMEDIATELY PRECEDING TAX YEAR'S UNDISTRIBUTED INCOME AS BEING MADE OUT OF THE UNDISTRIBUTED INCOME FOR THE TAX YEAR ENDED DECEMBER 31, 2016 IN THE AMOUNT OF $2,221. |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| MORGAN STANLEY SMITH BARNEY, LLC | 4,346,695 | 4,185,339 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ARTWORK | 700,000 | 700,000 | 700,000 |
| Description | Amount |
|---|---|
| 2017 EXCISE TAX - INVESTMENT INCOME | 6,321 |
| 2017 EXCISE TAX - UNDISTRIBUTED INCOME | 18,666 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MISCELLANEOUS EXPENSES | 501 | 501 | 0 | |
| INVESTMENT FEES | 24,642 | 24,642 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| THE BLACKSTONE GROUP, L.P. - MISCELLANEOUS INCOME | 2,402 | 2,402 | 2,402 |