Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2019
Open to Public Inspection
For calendar year 2019, or tax year beginning 07-01-2017 , and ending 06-30-2018
Name of foundation
THE ALTSCHUL FOUNDATION
C/O DANIEL L KURTZ ESQ
Number and street (or P.O. box number if mail is not delivered to street address)PRYOR CASHMAN LLP 7 TIMES SQUARE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10036
A Employer identification number

13-6400009
B Telephone number (see instructions)

(212) 326-0170
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$11,965,222J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 321,777 321,777  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 172,583
b Gross sales price for all assets on line 6a 1,182,271
7 Capital gain net income (from Part IV, line 2)... 172,583
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 494,360 494,360  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 13,771 0   13,771
b Accounting fees (attach schedule)....... Click to see attachment 19,688 9,844   9,844
c Other professional fees (attach schedule).... Click to see attachment 92,107 92,107   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 587 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 37,697 4,041   33,656
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 163,850 105,992   57,271
25 Contributions, gifts, grants paid....... 695,000 695,000
26 Total expenses and disbursements. Add lines 24 and 25 858,850 105,992   752,271
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -364,490
b Net investment income (if negative, enter -0-) 388,368
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2019)
Form 990-PF (2019)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 214,234 236,779 236,779
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 0 Click to see attachment400,213 403,071
b Investments—corporate stock (attach schedule)....... 3,851,064 Click to see attachment3,892,934 7,994,641
c Investments—corporate bonds (attach schedule)....... 4,172,134 Click to see attachment3,260,492 3,217,421
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 0 Click to see attachment82,524 113,310
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,237,432 7,872,942 11,965,222
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 8,237,432 7,872,942
30 Total liabilities and net assets/fund balances (see instructions). 8,237,432 7,872,942
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
8,237,432
2
Enter amount from Part I, line 27a .....................
2
-364,490
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
7,872,942
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
7,872,942
Form 990-PF (2019)
Form 990-PF (2019)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES      
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,182,271   1,009,688 172,583
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       172,583
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 172,583
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2018 671,817 12,091,573 0.055561
2017 663,965 11,006,151 0.060327
2016 614,255 12,577,626 0.048837
2015 602,556 12,189,302 0.049433
2014 562,318 11,516,487 0.048827
2
Total of line 1, column (d) .....................
2
0.262985
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.052597
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......
4
12,402,540
5
Multiply line 4 by line 3......................
5
652,336
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
3,884
7
Add lines 5 and 6........................
7
656,220
8
Enter qualifying distributions from Part XII, line 4,.............
8
752,271
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2019)
Form 990-PF (2019)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 3,884
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 3,884
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 3,884
6 Credits/Payments:
a 2019 estimated tax payments and 2018 overpayment credited to 2019 6a 7,184
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 7,184
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 3,300
11 Enter the amount of line 10 to be: Credited to 2020 estimated taxBullet3,300 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNY
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2019 or the taxable year beginning in 2019? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletTREASURER Telephone no.bullet (212) 326-0170

    Located atbulletC/O PRYOR CASHMAN LLP 7 TIMESSQUARENYNY ZIP+4bullet10036
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2019, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2019?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2019, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2019?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2019 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2019.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2019?
    4b
     
    No
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    SUSAN ROTHSTEIN SCHWIMMERClick to see attachment PRESIDENT, TRUSTEE
    3.00     		0 0 0
    C/O ALTSCHUL FOUNDATION 7 TIMES SQ
    NEW YORK,NY10036
    KATHLEEN DIAMANT VP, SECRETARY, TRUSTEE
    2.00     		0 0 0
    C/O ALTSCHUL FOUNDATION 7 TIMES SQ
    NEW YORK,NY10036
    DANIEL L KURTZ ESQ - SEE STMT 11 TREASURER, TRUSTEE
    2.00     		0 0 0
    C/O ALTSCHUL FOUNDATION 7 TIMES SQ
    NEW YORK,NY10036
    ELIZABETH OLFOSON TRUSTEE
    2.00     		0 0 0
    C/O ALTSCHUL FOUNDATION 7 TIMES SQ
    NEW YORK,NY10036
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    CARRET ASSET MANAGEMENT LLC INVESTMENT MANAGEMENT SERVICES 92,107
    1345 6TH AVENUE
    NEW YORK,NY10105
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    11,982,952
    b
    Average of monthly cash balances.......................
    1b
    608,459
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    12,591,411
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    12,591,411
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    188,871
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    12,402,540
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    620,127
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    620,127
    2a
    Tax on investment income for 2019 from Part VI, line 5......
    2a
    3,884
    b
    Income tax for 2019. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,884
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    616,243
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    616,243
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    616,243
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    752,271
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    752,271
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    3,884
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    748,387
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2018     		(c)
    2018     		(d)
    2019
    1 Distributable amount for 2019 from Part XI, line 7 616,243
    2 Undistributed income, if any, as of the end of 2019:
    a Enter amount for 2018 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2019:
    a From 2014......  
    b From 2015......  
    c From 2016......  
    d From 2017...... 123,570
    e From 2018...... 78,860
    fTotal of lines 3a through e........ 202,430
    4Qualifying distributions for 2019 from Part
    XII, line 4: bullet$ 752,271
    a Applied to 2018, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2019 distributable amount..... 616,243
    e Remaining amount distributed out of corpus 136,028
    5 Excess distributions carryover applied to 2019. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 338,458
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2018. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2019. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2020 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2014 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2020.
    Subtract lines 7 and 8 from line 6a ......     		338,458
    10 Analysis of line 9:
    a Excess from 2015....  
    b Excess from 2016....  
    c Excess from 2017.... 123,570
    d Excess from 2018.... 78,860
    e Excess from 2019.... 136,028
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2019, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2019 (b) 2018 (c) 2017 (d) 2016
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ACHILLES TRACK CLUB INC
    42 WEST 38TH STREET SUITE 400
    NEW YORK,NY10018     		  PC GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES 15,000
    ALVIN AILEY AMERICAN DANCE THEATRE (AILEY CAMPAILEY DANCE KIDS)
    405 WEST 55TH STREET
    NEW YORK,NY100194402     		  PC GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES 20,000
    AMERICAN FRIENDS OF ALYN HOSPITAL INC
    122 EAST 42ND STREET SUITE 1519
    NEW YORK,NY10168     		  PC GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES 10,000
    AMERICANS FOR PEACE NOW INC
    2100 M STREET NW SUITE 619
    WASHINGTON,DC20037     		  PC GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES 10,000
    ANTI-DEFAMATION LEAGUE (MY VOICE OUR FUTURE)
    605 THIRD AVENUE
    NEW YORK,NY101583560     		  PC GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES 10,000
    ART START (HOMELESS YOUTH OUTREACH PROGRAM)
    526 W 26TH STREET SUITE 501
    NEW YORK,NY10001     		  PC GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES 5,000
    BACK 2 SCHOOL STORE (PROJECT OF NCJW PENINSULA SECTION)
    342 CENTRAL AVENUE
    LAWRENCE,NY11559     		  PC GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES 25,000
    BANK STREET COLLEGE OF EDUCATION (EARLY CARE AND EDUCATION PROGRAMMING)
    610 WEST 112TH STREET
    NEW YORK,NY10025     		  PC GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES 41,000
    BOSTON SYMPHONY ORCHESTRA (TANGLEWOOD ANNUAL FUND)
    301 MASSACHUSETTS AVENUE
    BOSTON,DC02115     		  PC GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES 10,000
    CAPP AT THE NEW YORK FOUNDLING
    590 AVENUE OF THE AMERICAS
    NEW YORK,NY10011     		  PC GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES 10,000
    CENTER FOR CONSTITUTIONAL RIGHTS INC
    666 BROADWAY 7TH FLOOR
    NEW YORK,NY10012     		  PC GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES 20,000
    CHILD HELP PARTNERSHIP AT ST JOHNS UNIVERSITY
    152-11 UNION TURNPIKE
    QUEENS,NY11367     		  PC GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES 12,000
    CISPES EDUCATION FUND
    1525 NEWTON STREET NW
    WASHINGTON,DC20010     		  PC GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES 5,000
    CITY OF HOPE
    1500 E DUARTE ROAD
    DUARTE,CA910103000     		  PC GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES 25,000
    DESIGN TRUST FOR PUBLIC SPACES INC
    40 WORTH STREET SUITE 603
    NEW YORK,NY10013     		  PC GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES 40,000
    DONORSCHOOSEORG
    134 WEST 37TH STREET FLOOR 11
    NEW YORK,NY10018     		  PC GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES 10,000
    ETHICAL CULTURE FIELDSTON SCHOOL
    33 CENTRAL PARK WEST
    NEW YORK,NY100236001     		  PC GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES 10,000
    FAMILY SUPPORT CENTERS AT NYU LANGONE
    6025 SIXTH AVENUE
    BROOKLYN,NY11220     		  PC GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES 41,000
    FILM FORUM INC
    209 WEST HOUSTON STREET
    NEW YORK,NY10014     		  PC GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES 5,000
    FOUNTAIN HOUSE INC
    425 WEST 47TH STREET
    NEW YORK,NY100362304     		  PC GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES 40,000
    FRIENDS OF MCGILL UNIVERSITY
    155 EAST 72ND STREET
    NEW YORK,NY10021     		  PC GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES 30,000
    INDIANA UNIVERSITY
    517 E KIRKWOOD AVENUE
    BLOOMINGTON,IN474084060     		  PC GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES 10,000
    MASSACHUSETTS GENERAL HOSPITAL (MULTIPLE SCLEROSIS CLINIC)
    15 PARKMAN STREET - WAC 835
    BOSTON,MA02114     		  PC GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES 30,000
    MENTAL HEALTH ASSOCIATION OF NEW YORK CITY INC
    50 BROADWAY 19TH FLOOR
    NEW YORK,NY10004     		  PC GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES 10,000
    MT SINAI SCHOOL OF MEDICINE DEPT OF GERIATRICS AND ADULT DEVELOPMENT
    1 GUSTAVE LEVY PLACE
    NEW YORK,NY100296574     		  PC GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES 30,000
    MT SINAI SCHOOL OF MEDICINE DEPT OF OBSTETRICS GYNECOLOGY & REPRODUCTIVE
    1 GUSTAVE L LEVY PLACE BOX 1170
    NEW YORK,NY100296574     		  PC GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES 40,000
    NATIONAL CENTER ON PHILANTRHOPY AND THE LAW INC
    139 MACDOUGAL STREET ROOM 109
    NEW YORK,NY10012     		  PC GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES 20,000
    NATIONAL SCHOOL CLIMATE CENTER
    341 WEST 38TH STREET 9TH FLOOR
    NEW YORK,NY10018     		  PC GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES 15,000
    OSBORNE ASSOCIATION
    809 WESTCHESTER AVENUE
    BRONX,NY10455     		  PC GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES 10,000
    PENCIL INC (INTERSHIP PROGRAM)
    30 WEST 26TH STREET 5TH FLOOR
    NEW YORK,NY10010     		  PC GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES 10,000
    PLANNED PARENTHOOD FEDERATION OF AMERICA INC
    123 WILLIAM STREET 10TH FLOOR
    NEW YORK,NY10038     		  PC GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES 15,000
    PRESBYTERIAN SENIOR SERVICES
    2095 BROADWAY SUITE 409
    NEW YORK,NY10023     		  PC GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES 10,000
    READING EXCELLENCE AND DISCOVERY FOUNDATION INC
    80 MAIDEN LANE 11TH FLOOR
    NEW YORK,NY10038     		  PC GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES 20,000
    THE DOE FUND INC
    232 EAST 84TH STREET
    NEW YORK,NY10028     		  PC GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES 10,000
    THE LEUKEMIA & LYMPHOMA SOCIETY INC
    3230 COMMERCE PLACE SUITE B
    WEST PALM BEACH,FL33407     		  PC GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES 20,000
    THIRD STREET MUSIC SCHOOL
    235 EAST 11TH STREET
    NEW YORK,NY10003     		  PC GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES 10,000
    TRUSTEES OF TUFTS COLLEGE
    80 GEORGE STREET
    MEDFORD,MA02155     		  PC GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES 10,000
    URBAN JUSTICE CENTER (INTERNATIONAL REFUGEE ASSISTANCE PROJECT)
    40 RECTOR STREET 9TH FLOOR
    NEW YORK,NY10006     		  PC GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES 25,000
    WIKIMEDIA FOUNDATION INC
    1 MONTGOMERY STREET SUITE 1600
    SAN FRANCISCO,CA94104     		  PC GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES 6,000
    Total .................................bullet 3a 695,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 321,777  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 172,583  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 494,360 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    494,360
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2019)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2017 AccountingFeesSchedule
    Name:
    THE ALTSCHUL FOUNDATION
     
    C/O DANIEL L KURTZ ESQ
    EIN:
    13-6400009
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING & TAX FEES 19,688 9,844   9,844

    TY 2017 CompensationExplanation
    Name:
    THE ALTSCHUL FOUNDATION
     
    C/O DANIEL L KURTZ ESQ
    EIN:
    13-6400009
    Person Name Explanation
    DANIEL L KURTZ ESQ LEGAL FEES OF $13,771 AND ADMINISTRATIVE SERVICES OF $32,023 WERE PAID TO THE LAW FIRM OF PRYOR CASHMAN LLP DURING THE FISCAL YEAR ENDED 06/30/2018.

    TY 2017 InvestmentsCorpBondsSchedule
    Name:
    THE ALTSCHUL FOUNDATION
     
    C/O DANIEL L KURTZ ESQ
    EIN:
    13-6400009
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AT&T INC 5.800% DUE 02-15-19 204,380 203,433
    BB&T CORPORATION 6.850% DUE 04-30-19 207,551 206,812
    CARNIVAL CORP 3.950% DUE 10-15-20 262,369 253,983
    CVS HEALTH CORP. 4.125% DUE 05-15-21 209,511 203,535
    DOMINION RESOURCES INC 5.200% DUE 08-15-19 206,177 204,504
    EI DU PONT DE NEMOURS 4.625% DUE 01-15-20 207,481 205,380
    HARTFORD FINANCIAL SERVICES GROUP 6.000% DUE 01-15-19 204,264 203,230
    IBM CORPORATION 7.625% DUE 10-15-18 152,466 152,135
    JPMORGAN CHASE & CO. 4.950% DUE 03-25-20 210,371 205,967
    MARRIOTT INTERNATIONAL 3.000% DUE 03-01-19 201,442 200,024
    MCDONALD'S CORP 3.500% DUE 07-15-20 255,538 252,228
    METLIFE INC 6.817% DUE 08-15-18 251,569 251,286
    MORGAN STANLEY 5.500% DUE 07-28-21 219,226 211,637
    PNC CORP 6.875% DUE 05-15-19 207,904 206,634
    VODAFONE GROUP PLC 4.375% DUE 03-16-21 260,243 256,633

    TY 2017 InvestmentsCorpStockSchedule
    Name:
    THE ALTSCHUL FOUNDATION
     
    C/O DANIEL L KURTZ ESQ
    EIN:
    13-6400009
    Name of Stock End of Year Book Value End of Year Fair Market Value
    1,000 MICRON TECHNOLOGY INC. 54,114 52,440
    1,000 SHS HANESBRAND INC 22,791 22,020
    1,000 SHS INTL BUSINESS MACHINES CORP 94,249 139,700
    1,000 SHS INTL PAPER CO 55,754 52,080
    1,000 SHS WALGREEN BOOTS ALLIANCE INC 35,387 171,300
    1,000 SHS WELLTOWER 55,293 62,690
    1,050 SHS KIMBERLY CLARK CORP 42,237 110,607
    1,225 SHS APPLE INC 94,002 226,760
    1,282 SHS DU PONT E I DE NEMOURS 40,951 84,509
    1,500 SHS ABBOTT LABORATORIES 29,382 91,485
    1,500 SHS BERKSHIRE HATHAWAY INC CL B 99,872 279,975
    1,500 SHS EXXON MOBIL CORP 95,833 124,095
    1,500 SHS MARATHON PETROLEUM CORP 7,525 105,240
    1,500 SHS NOVARTIS AG ADR 47,111 39,840
    1,500 SHS PROCTER & GAMBLE CO 61,872 117,090
    1,500 SHS TARGET CORP 76,460 114,180
    1,600 SHS CITIGROUP 100,421 107,072
    1,600 SHS COMCAST CORP CL A 27,650 85,306
    100 ALPHABET INC CL C 93,350 111,565
    2,000 SHS ABBVIE INC 42,014 185,300
    2,000 SHS ADVISORSHARES NEW TECH AND MEDIA 42,525 42,460
    2,000 SHS AMERICAN EXPRESS CO 64,513 196,000
    2,000 SHS CHEVRON CORP 67,091 252,860
    2,000 SHS COCA-COLA CO 46,657 87,720
    2,000 SHS GENERAL MOTORS CORP 34,407 39,400
    2,000 SHS JOHNSON & JOHNSON 79,050 242,680
    2,000 SHS MERCK & CO INC 72,021 121,400
    2,000 SHS PEPSICO INC 66,087 217,740
    2,000 SHS PNC FINANCIAL SERVICES GROUP 100,994 270,200
    2,000 SHS WAL-MART STORES INC 100,538 60,015
    2,000 SHS WALT DISNEY CO 46,188 209,620
    2,300 SHS TRAVELERS COMPANIES INC 70,755 244,680
    2,500 SHS D R HORTON INC COM 83,116 102,500
    2,500 SHS PFIZER INC 80,746 90,700
    3,000 SHS ALLSTATE CORP 91,381 273,810
    3,000 SHS AMERICAN ELEC PWR 103,694 207,750
    3,000 SHS CVS HEALTH CORPORATION 86,259 193,050
    3,000 SHS JPMORGAN CHASE & CO 82,696 312,600
    3,000 SHS METLIFE 108,977 130,800
    3,000 SHS MICROSOFT CORP 63,006 246,525
    3,000 SHS SOUTHERN CO 99,305 138,930
    3,052 SHS VERIZON COMMUNICATIONS 117,410 153,546
    3,500 SHS AT&T INC 97,430 112,385
    3,500 SHS CORNING INC 70,770 96,285
    4,000 SHS BANK OF NEW YORK MELLON CORP 61,906 215,720
    4,000 SHS US BANCORP DEL NEW 100,966 200,080
    5,000 SHS ALLSTATE CORP 6 3/4% 12/31/49 125,000 127,400
    5,000 SHS BANK OF AMERICA CORP 63,811 140,950
    5,000 SHS GENERAL ELECTRIC CO 100,596 68,050
    5,000 SHS INTEL CORP 126,590 248,550
    500 SHS 3M COMPANY 36,935 98,360
    500 SHS HARRIS CORP DEL 18,032 72,270
    7,000 SHS CISCO SYS INC 138,301 301,210
    750 SHS APPLIED MATERIALS INC DELAWARE 9,375 34,642
    750 SHS CARNIVAL CORP 36,841 42,982
    750 SHS MCDONALDS CORP 22,697 117,517

    TY 2017 InvestmentsGovtObligationsSch
    Name:
    THE ALTSCHUL FOUNDATION
     
    C/O DANIEL L KURTZ ESQ
    EIN:
    13-6400009
    US Government Securities - End of Year Book Value:

    400,213
    US Government Securities - End of Year Fair Market Value:

    403,071
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2017 InvestmentsOtherSchedule2
    Name:
    THE ALTSCHUL FOUNDATION
     
    C/O DANIEL L KURTZ ESQ
    EIN:
    13-6400009
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    1,500 SHS NOVARTIS AG ADR AT COST 82,524 113,310

    TY 2017 LegalFeesSchedule
    Name:
    THE ALTSCHUL FOUNDATION
     
    C/O DANIEL L KURTZ ESQ
    EIN:
    13-6400009
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 13,771 0   13,771


    TY 2017 OtherExpensesSchedule
    Name:
    THE ALTSCHUL FOUNDATION
     
    C/O DANIEL L KURTZ ESQ
    EIN:
    13-6400009
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADMINISTRATIVE SERVICES 32,023 0   32,023
    BANK FEES 416 416   0
    BOOKKEEPING SERVICES 3,625 3,625   0
    INSURANCE EXPENSE 1,480 0   1,480
    OFFICE EXPENSES 153 0   153


    TY 2017 OtherProfessionalFeesSchedule
    Name:
    THE ALTSCHUL FOUNDATION
     
    C/O DANIEL L KURTZ ESQ
    EIN:
    13-6400009
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 92,107 92,107   0


    TY 2017 TaxesSchedule
    Name:
    THE ALTSCHUL FOUNDATION
     
    C/O DANIEL L KURTZ ESQ
    EIN:
    13-6400009
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 587 0   0