-
TIN:
Form
990-PF
Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to
www.irs.gov/Form990PF
for instructions and the latest information.
OMB No. 1545-0052
20
19
Open to Public Inspection
For calendar year 2019, or tax year beginning
01-01-2019
, and ending
12-31-2019
Name of foundation
GOLDHIRSH FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)
CO RINET 101 FEDERAL ST
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOSTON
,
MA
02110
A Employer identification number
27-2824140
B
Telephone number (see instructions)
(323) 556-5879
C
If exemption application is pending, check here
G
Check all that apply:
Initial return
Initial return of a former public charity
Final return
Amended return
Address change
Name change
D 1.
Foreign organizations, check here.............
2
. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
If private foundation status was terminated
under section 507(b)(1)(A), check here .......
H
Check type of organization:
Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust
Other taxable private foundation
F
If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here .......
I
Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)
$
57,686,063
J
Accounting method:
Cash
Accrual
Other (specify)
(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)
1
Contributions, gifts, grants, etc., received (attach schedule)
2
Check
.............
3
Interest on savings and temporary cash investments
26,007
26,007
4
Dividends and interest from securities
...
764,325
764,325
5a
Gross rents
............
b
Net rental income or (loss)
6a
Net gain or (loss) from sale of assets not on line 10
2,471,637
b
Gross sales price for all assets on line 6a
23,621,001
7
Capital gain net income (from Part IV, line 2)
...
2,490,787
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)
.......
26,531
2,683
12
Total.
Add lines 1 through 11
........
3,288,500
3,283,802
13
Compensation of officers, directors, trustees, etc.
282,072
0
282,072
14
Other employee salaries and wages
......
88,637
0
88,637
15
Pension plans, employee benefits
.......
18,306
0
18,306
16a
Legal fees (attach schedule)
.........
10,831
0
0
b
Accounting fees (attach schedule)
.......
9,468
4,734
4,734
c
Other professional fees (attach schedule)
....
402,366
214,452
153,325
17
Interest
...............
18
Taxes (attach schedule) (see instructions)
...
62,982
26,883
20,974
19
Depreciation (attach schedule) and depletion
...
20
Occupancy
..............
41,014
0
20,507
21
Travel, conferences, and meetings
.......
22
Printing and publications
..........
23
Other expenses (attach schedule)
.......
243,946
156,322
71,221
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
1,159,622
402,391
659,776
25
Contributions, gifts, grants paid
.......
3,040,000
3,040,000
26
Total expenses and disbursements.
Add lines 24 and 25
4,199,622
402,391
3,699,776
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
-911,122
b
Net investment income
(if negative, enter -0-)
2,881,411
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
1
Cash—non-interest-bearing
.............
2
Savings and temporary cash investments
.........
784,368
6,677,491
6,677,491
3
Accounts receivable
Less: allowance for doubtful accounts
4
Pledges receivable
Less: allowance for doubtful accounts
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)
Less: allowance for doubtful accounts
8
Inventories for sale or use
..............
9
Prepaid expenses and deferred charges
..........
10a
Investments—U.S. and state government obligations (attach schedule)
b
Investments—corporate stock (attach schedule)
.......
c
Investments—corporate bonds (attach schedule)
.......
11
Investments—land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
12
Investments—mortgage loans
.............
13
Investments—other (attach schedule)
..........
14
Land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
15
Other assets (describe
)
53,236,003
46,431,758
51,008,572
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
54,020,371
53,109,249
57,686,063
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
)
23
Total liabilities
(add lines 17 through 22)
.........
0
0
Foundations that follow FASB ASC 958, check here
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
and complete lines 26 through 30.
26
Capital stock, trust principal, or current funds
........
0
0
27
Paid-in or capital surplus, or land, bldg., and equipment fund
0
0
28
Retained earnings, accumulated income, endowment, or other funds
54,020,371
53,109,249
29
Total net assets or fund balances
(see instructions)
.....
54,020,371
53,109,249
30
Total liabilities and net assets/fund balances
(see instructions)
.
54,020,371
53,109,249
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
54,020,371
2
Enter amount from Part I, line 27a
.....................
2
-911,122
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3
..........................
4
53,109,249
5
Decreases not included in line 2 (itemize)
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
53,109,249
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
MUTUAL FUNDS
P
2010-01-01
2019-12-31
b
MUTUAL FUNDS
P
2019-01-01
2019-12-31
c
DIAMOND HILL
P
2019-01-01
2019-12-31
d
FIERA CAPITAL
P
2019-01-01
2019-12-31
e
FIERA CAPITAL
P
2010-01-01
2019-12-31
HS MANAGEMENT
P
2019-01-01
2019-12-31
HS MANAGEMENT
P
2010-01-01
2019-12-31
LONDON CO OF VIRGINIA
P
2019-01-01
2019-12-31
VAUGHN NELSON
P
2019-01-01
2019-12-31
CENTRAL PARK GROUP LLC K1
P
2019-01-01
2019-12-31
CENTRAL PARK GROUP LLC K1
P
2010-01-01
2019-12-31
COLLABORATIVE I, LP K1
P
2019-01-01
2019-12-31
COLLBORATIVE I, LP K1
P
2010-01-01
2019-12-31
COLLABORATIVE II, LP K1
P
2010-01-01
2019-12-31
COLLABORATIVE III, LP K1
P
2010-01-01
2019-12-31
CRESCENT HIGH INCOME FUND LP
P
2019-01-01
2019-12-31
CRESCENT HIGH INCOME FUND LP K1
P
2010-01-01
2019-12-31
DW CATALYST K1
P
2010-01-01
2019-12-31
ABERDEEN VENTURES K1
P
2019-01-01
2019-12-31
ABERDEEN VENTURES K1
P
2010-01-01
2019-12-31
PARK ST PRIVATE EQUITY FUND K1
P
2019-01-01
2019-12-31
PARK ST PRIVATE EQUITY FUND K1
P
2010-01-01
2019-12-31
RC MORGAN CREEK I K1
P
2019-01-01
2019-12-31
RC MORGAN CREEK I K1
P
2010-01-01
2019-12-31
RC MC II 2007 LLC K1
P
2019-01-01
2019-12-31
RC MC II 2007 LLC K1
P
2010-01-01
2019-12-31
RC MC III 2008 LLC K1
P
2019-01-01
2019-12-31
RC MC III 2008 LLC K1
P
2010-01-01
2019-12-31
UNREASONABLE CAPITAL FUND I, LP K1
P
2010-01-01
2019-12-31
SEC 1231 G/L FROM PARTNERSHIPS
P
2010-01-01
2019-12-31
SEC 1250 G/L FROM PARTNERSHIPS
P
2010-01-01
2019-12-31
SEC 1256 STRADDLES FROM PARTNERSHIPS
P
2010-01-01
2019-12-31
DW CATALYST REDEMPTION
P
2015-01-01
2019-12-31
DISTRIBUTION IN EXCESS OF BASIS ABERDEEN VENTURES
P
2010-01-01
2019-12-31
DISTRIBUTION IN EXCESS OF BASIS HOPLITE
P
2015-01-01
2019-12-31
HOLDBACK FROM RC/CRR TERMINATION
P
1921-12-31
2019-12-31
SAIL VENTURE PARTNERS II LP WRITE OFF
P
2012-12-31
2019-12-31
AXIOM INTERNATIONAL K1
P
2019-01-01
2019-12-31
AXIOM INTERNATIONAL K1
P
2010-01-01
2019-12-31
CAPITAL GAINS DIVIDENDS
P
(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
16,030,997
14,670,161
1,360,836
b
829,072
812,521
16,551
c
280,762
261,380
19,382
d
1,299,703
1,331,618
-31,915
e
528,892
524,060
4,832
1,157,858
1,134,991
22,867
1,081,939
870,315
211,624
146,217
142,255
3,962
828,940
805,097
23,843
10,363
-10,363
1,985
-1,985
56
56
279,697
279,697
47,368
47,368
4,455
-4,455
478
-478
14,028
-14,028
5,918
5,918
144
-144
13,874
-13,874
110
-110
6,299
-6,299
30
30
11,233
-11,233
93
93
47,985
47,985
344
-344
32,799
-32,799
8,457
8,457
9,593
-9,593
353
353
309
-309
270,045
225,444
44,601
4,938
4,938
5,665
5,665
2,219
2,219
238,282
-238,282
8,076
-8,076
9,762
9,762
754,035
754,035
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
1,360,836
b
16,551
c
19,382
d
-31,915
e
4,832
22,867
211,624
3,962
23,843
-10,363
-1,985
56
279,697
47,368
-4,455
-478
-14,028
5,918
-144
-13,874
-110
-6,299
30
-11,233
93
47,985
-344
-32,799
8,457
-9,593
353
-309
44,601
4,938
5,665
2,219
-238,282
-8,076
9,762
754,035
2
Capital gain net income or (net capital loss)
If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
2
2,490,787
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
...................
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?
Yes
No
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
3,481,505
56,719,050
0.061382
2017
3,478,239
58,809,947
0.059144
2016
4,150,482
56,340,463
0.073668
2015
3,034,205
60,799,261
0.049905
2014
3,267,586
63,489,364
0.051467
2
Total
of line 1, column (d)
.....................
2
0.295566
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
0.059113
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5
......
4
57,230,997
5
Multiply line 4 by line 3
......................
5
3,383,096
6
Enter 1% of net investment income (1% of Part I, line 27b)
...........
6
28,814
7
Add lines 5 and 6
........................
7
3,411,910
8
Enter qualifying distributions from Part XII, line 4
,.............
8
3,734,776
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
and enter “N/A" on line 1.
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
28,814
here
and 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
28,814
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
28,814
6
Credits/Payments:
a
2019 estimated tax payments and 2018 overpayment credited to 2019
6a
24,529
b
Exempt foreign organizations—tax withheld at source
......
6b
c
Tax paid with application for extension of time to file (Form 8868)
...
6c
26,000
d
Backup withholding erroneously withheld
...........
6d
0
7
Total credits and payments. Add lines 6a through 6d
..............
7
50,529
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
.......
9
10
Overpayment.
If line 7 is more than the total of lines 5 and 8, enter the
amount overpaid
...
10
21,715
11
Enter the amount of line 10 to be:
Credited to 2020 estimated tax
21,715
Refunded
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.
$
0
(2)
On foundation managers.
$
0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.
$
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
Yes
b
If "Yes," has it filed a tax return on
Form 990-T
for this year?
...................
4b
Yes
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)
CA
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 address
WWW.GOLDHIRSHFOUNDATION.ORG
14
The books are in care of
KATHLEEN C WALLACE RINET CO
Telephone no.
(617) 488-2700
Located at
101 FEDERAL ST
BOSTON
MA
ZIP+4
02110
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of
Form 1041
—check here
.........
and enter the amount of tax-exempt interest received or accrued during the year
........
15
16
At any time during calendar year 2019, did the foundation have an interest in or a signature or other authority over
Yes
No
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
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?
Yes
No
(2)
Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person?
......................
Yes
No
(3)
Furnish goods, services, or facilities to (or accept them from) a disqualified person?
Yes
No
(4)
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
Yes
No
(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)?
...............
Yes
No
(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.)
.......
Yes
No
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
Organizations relying on a current notice regarding disaster assistance check here
........
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?
.............
Yes
No
If "Yes," list the years
20
,
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.
20
,
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?
......................
Yes
No
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))?
Yes
No
(2)
Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive?
.............
Yes
No
(3)
Provide a grant to an individual for travel, study, or other similar purposes?
Yes
No
(4)
Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions
................
Yes
No
(5)
Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals?
.....
Yes
No
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
Yes
Organizations relying on a current notice regarding disaster assistance check here
.........
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?
..........
Yes
No
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?
.....................
Yes
No
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?
Yes
No
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?
.................
Yes
No
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
BENJAMIN A GOLDHIRSH
PRESIDENT
0.00
0
0
0
C/O SECOND HOME HOLLYWOOD 1370 N ST
ANDREWS PLACE
LOS ANGELES
,
CA
90028
CLAIRE DENISE HOFFMAN
DIRECTOR
0.00
0
0
0
C/O SECOND HOME HOLLYWOOD 1370 N ST
ANDREWS PLACE
LOS ANGELES
,
CA
90028
TARA ROTH
SECRETARY/EXEC DIRECTOR
40.00
282,072
26,954
0
C/O SECOND HOME HOLLYWOOD 1370 N ST
ANDREWS PLACE
LOS ANGELES
,
CA
90028
KATHLEEN C WALLACE
TREASURER
0.00
0
0
0
101 FEDERAL ST FL 14
BOSTON
,
MA
02110
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
...................
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
CANTERBURY CONSULTING
INVESTMENT ADVISORY
136,202
660 NEWPORT CENTER DRIVE
NEWPORT BEACH
,
CA
92660
RINET COMPANY LLC
TAX AND ADMINISTRATION
111,450
101 FEDERAL ST
BOSTON
,
MA
02110
Total
number of others receiving over $50,000 for professional services
.............
0
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
LEADERSHIP FOR URBAN RENEWAL NETWORK (LURN)INVESTMENT IN THE SEMI'A FUND (THE 'PROJECT'), A MICRO-LENDING PROGRAM PROVIDING SMALL LOANS TO ENTREPRENEURS IN LOW-INCOME NEIGHBORHOODS. THE SEMI'A FUND WILL OFFER LOANS RANGING FROM $1,000 TO $35,000. A LOAN WAS MADE BY THE FOUNDATION IN 2018 WITH REPAYMENT EXPECTED NO LATER THAN FEBRUARY 2020 (15 MONTHS AFTER DATE OF PROMISSORY NOTE). LOAN WAS REPAID, 2/11/2020
35,000
2
All other program-related investments. See instructions.
3
Total.
Add lines 1 through 3
.........................
35,000
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
52,575,934
b
Average of monthly cash balances
.......................
1b
5,526,601
c
Fair market value of all other assets (see instructions)
................
1c
0
d
Total
(add lines 1a, b, and c)
.........................
1d
58,102,535
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
58,102,535
4
Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
instructions)
.............................
4
871,538
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3. Enter here and on Part V, line 4
5
57,230,997
6
Minimum investment return.
Enter 5% of line 5
..................
6
2,861,550
Part XI
Distributable Amount
(see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here
and do not complete this part.)
1
Minimum investment return from Part X, line 6
....................
1
2,861,550
2a
Tax on investment income for 2019 from Part VI, line 5
......
2a
28,814
b
Income tax for 2019. (This does not include the tax from Part VI.)
...
2b
1,785
c
Add lines 2a and 2b
............................
2c
30,599
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
2,830,951
4
Recoveries of amounts treated as qualifying distributions
................
4
0
5
Add lines 3 and 4
............................
5
2,830,951
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
2,830,951
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
3,699,776
b
Program-related investments—total from Part IX-B
..................
1b
35,000
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
3,734,776
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
28,814
6
Adjusted qualifying distributions.
Subtract line 5 from line 4
..............
6
3,705,962
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
2,830,951
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
......
1,161,332
d
From 2017
......
524,989
e
From 2018
......
713,957
f
Total
of lines 3a through e
........
2,400,278
4
Qualifying distributions for 2019 from Part
XII, line 4:
$
3,734,776
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
.....
2,830,951
e
Remaining amount distributed out of corpus
903,825
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).)
6
Enter the net total of each column as
indicated below:
a
Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
3,304,103
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
9
Excess distributions carryover to 2020.
Subtract lines 7 and 8 from line 6a
......
3,304,103
10
Analysis of line 9:
a
Excess from 2015
....
b
Excess from 2016
....
1,161,332
c
Excess from 2017
....
524,989
d
Excess from 2018
....
713,957
e
Excess from 2019
....
903,825
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
.......
b
Check box to indicate whether the organization is a private operating foundation described in section
4942(j)(3)
or
4942(j)(5)
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.)
1
Information Regarding Foundation Managers:
a
List 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).)
b
List 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.
2
Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here
if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
a
The name, address, and telephone number or email address of the person to whom applications should be addressed:
b
The form in which applications should be submitted and information and materials they should include:
c
Any submission deadlines:
d
Any 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)
a
Paid during the year
826 LA
1714 WEST SUNSET BLVD
LOS ANGELES
,
CA
90026
NONE
PUBLIC
GALA PLEDGE
35,000
9 DOTS COMMUNITY LEARNING CENTER
931 N HIGHLAND AVE
LOS ANGELES
,
CA
90038
NONE
PUBLIC
MY LA2050 2019 GRANTS CHALLENGE
100,000
ALTASEA
222 WEST SIXTH ST SUITE 1010
SAN PEDRO
,
CA
90731
NONE
PUBLIC
CHARITABLE CONTRIBUTION
1,100
AMIGOS OF COSTA RICA INC
101 E GAY ST
WEST CHESTER
,
PA
19380
NONE
PUBLIC
GENERAL OPS SUPPORT, JOURNALIST
50,000
AMIGOS OF COSTA RICA INC
101 E GAY ST
WEST CHESTER
,
PA
19380
NONE
PUBLIC
GUARDIANS OF NATURE, GENERAL OPS SUPPORT
50,000
AMIGOS OF COSTA RICA INC
101 E GAY ST
WEST CHESTER
,
PA
19380
NONE
PUBLIC
NOSARA BANK PRE-OPERATING FUNDS & COSTS
50,000
AMIGOS OF COSTA RICA INC
101 E GAY ST
WEST CHESTER
,
PA
19380
NONE
PUBLIC
CASA DE LAS ESTRELLAS SCHOLARSHIPS
54,000
AQUARIUM OF THE PACIFIC
320 GOLDEN SHORE SUITE 350
LONG BEACH
,
CA
90802
NONE
PUBLIC
CHARITABLE CONTRIBUTION
525
BRADY CENTER
840 FIRST ST NE SUITE 400
WASHINGTON
,
DC
20002
NONE
PUBLIC
MY LA2050 ACTIVATION CHALLENGE
100,000
CALMATTERS
1017 L ST 261
SACRAMENTO
,
CA
95814
NONE
PUBLIC
CALIFORNIA DIVIDE REPORTING 2020
35,000
CARING FOR COLOMBIA
139 WEST 120TH ST
NEW YORK
,
NY
10027
NONE
PUBLIC
RAFTING FOR PEACE PROJECT
20,000
CASA OF LOS ANGELES
201 CENTRE PLAZA DR SUITE 1100
MONTEREY PARK
,
CA
91754
NONE
PUBLIC
MY LA2050 2019 GRANTS CHALLENGE
100,000
CHARITY WATER
40 WORTH ST SUITE 330
NEW YORK
,
NY
10013
NONE
PUBLIC
GENERAL OPERATING SUPPORT
25,000
CICLAVIA
525 S HEWITT ST
LOS ANGELES
,
CA
90013
NONE
PUBLIC
CICLAVIA WILMINGTON & OPERATING SUPPORT
100,000
CITY YEARS LOS ANGELES
606 S OLIVE ST 2ND FL
LOS ANGELES
,
CA
90014
NONE
PUBLIC
ASSOCIATES WORK
15,000
COLLEGE OF THE HOLY CROSS
ONE COLLEGE ST
WORCESTER
,
MA
01610
NONE
PUBLIC
HOLY CROSS FUND
4,000
COLUMBIA GRADUATE SCHOOL OF JOURNALISM
2950 BROADWAY
NEW YORK
,
NY
10027
NONE
PUBLIC
ANNUAL FUND SCHOLARSHIPS & INVESTIGATIVE REPORTING
50,000
DEFY VENTURES
3550 WILSHIRE BLVD SUITE 1550
LOS ANGELES
,
CA
90010
NONE
PUBLIC
MY LA2050 2019 GRANTS CHALLENGE
100,000
EAST LA COMMUNITY CORPORATION
2917 E FIRST ST SUITE 101
LOS ANGELES
,
CA
90033
NONE
PUBLIC
MY LA2050 ACTIVATION CHALLENGE
100,000
EQUALITY NOW
125 MAIDEN LANE 9TH FL SUITE B
NEW YORK
,
NY
10038
NONE
PUBLIC
GENERAL OPERATING SUPPORT
10,000
FRIENDS OF THE OBSERVATORY
2800 EAST OBSERVATORY RD
LOS ANGELES
,
CA
90027
NONE
PUBLIC
GENERAL OPERATING SUPPORT
50,000
GIRLS INC OF HOLYOKE
PO BOX 6812
HOLYOKE
,
MA
01041
NONE
PUBLIC
CHARITABLE CONTRIBUTION
10,000
GVNGORG
907 WESTWOOD BLVD SUITE 414
LOS ANGELES
,
CA
90024
NONE
PUBLIC
MY LA2050 CHALLENGE FBO RISE EDUCATION FUND
100,000
HARLEM LACROSSE
3855 W SLAUSON AVE
LOS ANGELES
,
CA
90043
NONE
PUBLIC
MY LA2050 2019 GRANTS CHALLENGE
100,000
HEAL THE BAY
1444 9TH STREET
SANTA MONICA
,
CA
90401
NONE
PUBLIC
CHARITABLE CONTRIBUTION
525
HOPEWELL FUND
1201 CONNECTICUT AVE NW SUITE 300
WASHINGTON
,
DC
20036
NONE
PUBLIC
COST-OF-LIVING REFUND PROGRAM
50,000
IMPACT ASSETS
7315 WISCONSIN AVE SUITE 1000W
BETHESDA
,
MD
20814
NONE
PUBLIC
AMIGOS DE COSTA RICA TO SUPPORT BOMBEROS
165,000
IMPACT ASSETS
7315 WISCONSIN AVE SUITE 1000W
BETHESDA
,
MD
20814
NONE
PUBLIC
AMIGOS DE COSTA RICA TO SUPPORT DEL MAR SCHOLARSHIPS
75,000
IMPACT ASSETS
7315 WISCONSIN AVE SUITE 1000W
BETHESDA
,
MD
20814
NONE
PUBLIC
AMIGOS DE COSTA RICA TO SUPPORT NOSARA ANIMAL RESCUE
6,000
INSIGHTLA
PO BOX 7278
SANTA MONICA
,
CA
90406
NONE
PUBLIC
GENERAL OPERATING SUPPORT
10,000
LA COUNTY MUSEUM OF NATURAL HISTORY
900 EXPOSITION BLVD
LOS ANGELES
,
CA
90007
NONE
PUBLIC
MY LA2050 2019 GRANTS CHALLENGE
100,000
LA PLAZA DE CULTURA Y ATRES
501 N MAIN ST
LOS ANGELES
,
CA
90012
NONE
PUBLIC
MY LA2050 2019 GRANTS CHALLENGE
100,000
LARCHMONT CHARTER SCHOOL
444 N LARCHMONT BLVD 207
LOS ANGELES
,
CA
90004
NONE
PUBLIC
CHARITABLE CONTRIBUTION
14,500
LIBERTY HILL FOUNDATION
6420 WILSHIRE BLVD SUITE 700
LOS ANGELES
,
CA
90048
NONE
PUBLIC
XX FUND
1,000
LOS ANGELES CLEANTECH INCUBATOR
525 S HEWITT ST
LOS ANGELES
,
CA
90013
NONE
PUBLIC
C40 CLIMATE CHANGE START-UP
50,000
MONTEREY BAY AQUARIUM
886 CANNERY ROW
MONTEREY
,
CA
93940
NONE
PUBLIC
CHARITABLE CONTRIBUTION
350
NATIONAL DOMESTIC WORKERS ALLIANCE
45 BROADWAY SUITE 230
NEW YORK
,
NY
10006
NONE
PUBLIC
FAMILIES BELONG TOGETHER
50,000
NATIONAL REDISTRICTING FOUNDATION
700 13TH ST NW SUITE 600
WASHINGTON
,
DC
20005
NONE
PUBLIC
CHARITABLE CONTRIBUTION
10,000
OPPORTUNITY FUND
5701 S EASTER AVE SUITE 120
COMMERCE
,
CA
90040
NONE
PUBLIC
TASTE OF MICROFINANCE
1,000
PLEDGELING
2100 ABBOT KINNEY BLVD UNIT E
VENICE
,
CA
90291
NONE
PUBLIC
MY LA2050 IDEAS ARCHIVE MATCH
10,000
ROCK THE VOTE
1440 G ST NW
WASHINGTON
,
DC
20005
NONE
PUBLIC
MY LA2050 2019 GRANTS CHALLENGE
100,000
SOCIAL & ENVIRONMENTAL ENTREPRENEURS
23532 CALABASAS ROAD
CALABASAS
,
CA
91302
NONE
PUBLIC
MY LA2050 ACTIVATION CHALLENGE FBO MIRY'S LIST
100,000
SOUTHERN CALIFORNIA GRANTMAKERS
1000 ALAMEDA ST SUITE 230
LOS ANGELES
,
CA
90012
NONE
PUBLIC
PUBLIC POLICY WORK
20,000
ST JOSEPH HIGH SCHOOL CHARITABLE FDN
145 PLAINFIELD AVE
METUCHEN
,
NJ
08840
NONE
PUBLIC
JOHN SABINE '79 MEMORIAL SCHOLARSHIP FUND
2,000
SYNERGOS
3 EAST 54TH 14TH FL
NEW YORK
,
NY
10022
NONE
PUBLIC
GLOBAL PHILANTHROPISTS CIRCLE ANNUAL RENEWAL
25,000
THE PINGRY SCHOOL
131 MARTINSVILLES RD
BASKING RIDGE
,
NJ
07920
NONE
PUBLIC
THE PINGRY FUND
3,000
THE TRUSTEES OF RESERVATIONS
200 HIGH ST
BOSTON
,
MA
02110
NONE
PUBLIC
CHARITABLE CONTRIBUTION
10,000
THE YOUTH MOVEMENT AGAINST ALZHEIMERS
PO BOX 641816
LOS ANGELES
,
CA
90064
NONE
PUBLIC
MY LA2050 2019 GRANTS CHALLENGE
100,000
UCLA FOUNDATION
330 CHARLES E YOUNG DR NOTH
LOS ANGELES
,
CA
90095
NONE
PUBLIC
UCLA LAB SCHOOL SCHOLARSHIPS
50,000
UNITED WAY OF GREATER LA
1150 S OLIVE ST SUITE T500
LOS ANGELES
,
CA
90015
NONE
PUBLIC
MY LA2050 ACTIVATION CHALLENGE
100,000
USC SCHOOL OF PUBLIC POLICY
1150 S OLIVE ST SUITE 1500
LOS ANGELES
,
CA
90015
NONE
PUBLIC
CHARITABLE CONTRIBUTION
1,000
VANDERBILT UNIVERSITY
2301 VANDERBILT PLACE
NASHVILLE
,
TN
37240
NONE
PUBLIC
VANDERBILT CLUB ICE HOCKEY TEAM
1,000
VENICE COMMUNITY HOUSING CORPORATION
720 ROSE AVENUE
VENICE
,
CA
90291
NONE
PUBLIC
MY LA2050 2019 GRANTS CHALLENGE
100,000
LA UNION DEL PUEBLO ENTERO
1601 EHIGHWAY BUSINESS 83
SAN JUAN
,
TX
78589
NONE
PUBLIC
COMMUNITY ORGANIZER
25,000
PROPUBLICA
155 AVENUE OF THE AMERICAS 13TH FL
NEW YORK
,
NY
10013
NONE
PUBLIC
GENERAL OPS & CA REPORTING
500,000
Total
.................................
3a
3,040,000
b
Approved for future payment
Total
.................................
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.)
1
Program service revenue:
(a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
b
c
d
e
f
g
Fees and contracts from government agencies
2
Membership dues and assessments
....
3
Interest on savings and temporary cash
investments
...........
14
26,007
4
Dividends and interest from securities
....
14
764,325
5
Net rental income or (loss) from real estate:
a
Debt-financed property
......
b
Not debt-financed property
.....
6
Net rental income or (loss) from personal property
7
Other investment income
.....
14
26,531
8
Gain or (loss) from sales of assets other than
inventory
............
18
2,471,637
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
3,288,500
0
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
3,288,500
(See worksheet in line 13 instructions to verify calculations.)
Part XVI-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
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?
...........
Yes
No
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.
May the IRS discuss this return
with the preparer shown below
(see instr.)
Yes
No
Signature of officer or trustee
Date
Title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's Signature
Date
Check if self-
employed
PTIN
Firm's name
Firm's EIN
Firm's address
Phone no.
Form
990-PF
(2019)
Additional Data
Software ID:
Software Version:
Form 990PF - Special Condition Description:
Special Condition Description