-
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
THEODORE R AND VIVIAN M
JOHNSON SCHOLARSHIP FOUNDATION INC
Number and street (or P.O. box number if mail is not delivered to street address)
505 S FLAGLER DRIVE NO 810
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WEST PALM BEACH
,
FL
33401
A Employer identification number
31-1613890
B
Telephone number (see instructions)
(561) 659-2005
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)
$
230,021,223
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)
48,701,920
2
Check
.............
3
Interest on savings and temporary cash investments
159,333
159,333
4
Dividends and interest from securities
...
2,986,898
2,986,898
5a
Gross rents
............
b
Net rental income or (loss)
6a
Net gain or (loss) from sale of assets not on line 10
4,968,044
b
Gross sales price for all assets on line 6a
5,795,763
7
Capital gain net income (from Part IV, line 2)
...
4,968,044
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)
.......
4,775,200
4,775,200
12
Total.
Add lines 1 through 11
........
61,591,395
12,889,475
13
Compensation of officers, directors, trustees, etc.
784,130
106,005
678,125
14
Other employee salaries and wages
......
182,540
52,410
130,130
15
Pension plans, employee benefits
.......
143,259
28,651
114,608
16a
Legal fees (attach schedule)
.........
66,762
0
66,762
b
Accounting fees (attach schedule)
.......
46,688
2,335
44,353
c
Other professional fees (attach schedule)
....
565,943
379,792
186,151
17
Interest
...............
18
Taxes (attach schedule) (see instructions)
...
466,413
466,413
0
19
Depreciation (attach schedule) and depletion
...
20
Occupancy
..............
99,465
0
99,465
21
Travel, conferences, and meetings
.......
296,711
74,178
222,533
22
Printing and publications
..........
18,788
0
18,788
23
Other expenses (attach schedule)
.......
2,039,365
1,999,273
40,092
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
4,710,064
3,109,057
1,601,007
25
Contributions, gifts, grants paid
.......
6,471,292
6,471,292
26
Total expenses and disbursements.
Add lines 24 and 25
11,181,356
3,109,057
8,072,299
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
50,410,039
b
Net investment income
(if negative, enter -0-)
9,780,418
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
.........
1,660,009
1,820,703
1,820,703
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)
.......
151,647,020
201,896,365
228,200,520
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
)
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
153,307,029
203,717,068
230,021,223
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
............
153,307,029
203,717,068
Foundations that do not follow FASB ASC 958, check here
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)
.....
153,307,029
203,717,068
30
Total liabilities and net assets/fund balances
(see instructions)
.
153,307,029
203,717,068
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
153,307,029
2
Enter amount from Part I, line 27a
.....................
2
50,410,039
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3
..........................
4
203,717,068
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
203,717,068
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
S/T CAPITAL GAINS - K-1'S
P
2019-12-31
b
L/T CAPITAL GAINS - K-1'S
P
2019-12-31
c
SECTION 1231 - K-1'S
P
2019-12-31
d
OTHER CAPITAL LOSSES - K-1'S
P
2019-12-31
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
1,170,362
1,170,362
b
4,609,281
4,609,281
c
16,120
16,120
d
827,719
-827,719
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
1,170,362
b
4,609,281
c
16,120
d
-827,719
e
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
4,968,044
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
7,780,746
168,389,571
0.046207
2017
7,907,686
164,497,789
0.048072
2016
8,113,740
156,129,204
0.051968
2015
8,093,273
164,088,007
0.049323
2014
7,831,115
169,460,787
0.046212
2
Total
of line 1, column (d)
.....................
2
0.241782
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
0.048356
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5
......
4
203,808,287
5
Multiply line 4 by line 3
......................
5
9,855,354
6
Enter 1% of net investment income (1% of Part I, line 27b)
...........
6
97,804
7
Add lines 5 and 6
........................
7
9,953,158
8
Enter qualifying distributions from Part XII, line 4
,.............
8
8,072,299
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
195,608
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
195,608
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
195,608
6
Credits/Payments:
a
2019 estimated tax payments and 2018 overpayment credited to 2019
6a
279,458
b
Exempt foreign organizations—tax withheld at source
......
6b
c
Tax paid with application for extension of time to file (Form 8868)
...
6c
839,470
d
Backup withholding erroneously withheld
...........
6d
0
7
Total credits and payments. Add lines 6a through 6d
..............
7
1,118,928
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
923,320
11
Enter the amount of line 10 to be:
Credited to 2020 estimated tax
100,000
Refunded
11
823,320
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)
FL
,
IL
,
MN
,
NC
,
NY
,
UT
,
VA
,
WV
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.JSF.BZ
14
The books are in care of
MR RICHARD A KRAUSE
Telephone no.
(561) 659-2005
Located at
505 S FLAGLER DRIVE STE 810
WEST PALM BEACH
FL
ZIP+4
33401
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
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
RICHARD KRAUSE
CFO
40.00
223,996
21,653
0
505 S FLAGLER DRIVE STE 810
WEST PALM BEACH
,
FL
33401
R MALCOLM MACLEOD
CHAIRMAN/CEO/PRESIDENT/DIR
40.00
329,034
32,720
0
505 S FLAGLER DRIVE STE 810
WEST PALM BEACH
,
FL
33401
HUGH BROWN
SECRETARY/CONSULTANT/DIREC
4.00
48,700
0
0
505 S FLAGLER DRIVE STE 810
WEST PALM BEACH
,
FL
33401
SHERRY SALWAY BLACK
CONSULTANT/DIRECTOR
4.00
48,700
0
0
505 S FLAGLER DRIVE STE 810
WEST PALM BEACH
,
FL
33401
DAVID BLAIKIE
CONSULTANT/DIRECTOR
4.00
48,700
0
0
505 S FLAGLER DRIVE STE 810
WEST PALM BEACH
,
FL
33401
ROBERT KRAUSE
TREASURER/DIRECTOR
2.00
20,000
0
0
505 S FLAGLER DRIVE STE 810
WEST PALM BEACH
,
FL
33401
BEA AWONIYI
DIRECTOR
2.00
25,000
0
0
505 S FLAGLER DRIVE STE 810
WEST PALM BEACH
,
FL
33401
MIKE J MILLER
DIRECTOR
2.00
20,000
0
0
505 S FLAGLER DRIVE STE 810
WEST PALM BEACH
,
FL
33401
BILL J CORWIN
DIRECTOR
2.00
20,000
0
0
505 S FLAGLER DRIVE STE 810
WEST PALM BEACH
,
FL
33401
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
SHARON WOOD
PROGRAM OFFICER & OF
40.00
102,830
11,311
0
505 S FLAGLER DRIVE STE 810
WEST PALM BEACH
,
FL
33401
LADY HEREFORD
PROGRAM SPECIALIST
40.00
79,710
7,995
0
505 S FLAGLER DRIVE STE 810
WEST PALM BEACH
,
FL
33401
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
CAMBRIDGE ASSOCIATES INC
INVESTMENT ADVISORY
379,792
PO BOX 83232
CHICAGO
,
IL
60691
ADAGE CAPITAL PARTNERS
INVESTMENT ADVISORY
282,116
200 CLARENDON ST 52ND FLOOR
BOSTON
,
MA
02116
DAVIDSON KEMPNER CAPITAL MANAGEMENT
INVESTMENT ADVISORY
169,414
520 MADISON AVE
NEW YORK
,
NY
10022
FARALLON CAPITAL INSTITUTIONAL PARTNER
INVESTMENT ADVISORY
123,032
ONE MARITIME PLAZA SUITE 2100
SAN FRANCISCO
,
CA
94111
CAPULA INVESTMENT MANAGEMENT
INVESTMENT ADVISORY
105,697
510 MADISON AVENUE 10TH FLOOR
NEW YORK
,
NY
10022
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
2
All other program-related investments. See instructions.
3
Total.
Add lines 1 through 3
.........................
0
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
202,217,607
b
Average of monthly cash balances
.......................
1b
4,694,360
c
Fair market value of all other assets (see instructions)
................
1c
0
d
Total
(add lines 1a, b, and c)
.........................
1d
206,911,967
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
206,911,967
4
Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
instructions)
.............................
4
3,103,680
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3. Enter here and on Part V, line 4
5
203,808,287
6
Minimum investment return.
Enter 5% of line 5
..................
6
10,190,414
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
10,190,414
2a
Tax on investment income for 2019 from Part VI, line 5
......
2a
195,608
b
Income tax for 2019. (This does not include the tax from Part VI.)
...
2b
c
Add lines 2a and 2b
............................
2c
195,608
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
9,994,806
4
Recoveries of amounts treated as qualifying distributions
................
4
0
5
Add lines 3 and 4
............................
5
9,994,806
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
9,994,806
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
8,072,299
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
8,072,299
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
0
6
Adjusted qualifying distributions.
Subtract line 5 from line 4
..............
6
8,072,299
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
9,994,806
2
Undistributed income, if any, as of the end of 2019:
a
Enter amount for 2018 only
.......
8,012,108
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
......
e
From 2018
......
f
Total
of lines 3a through e
........
0
4
Qualifying distributions for 2019 from Part
XII, line 4:
$
8,072,299
a
Applied to 2018, but not more than line 2a
8,012,108
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
.....
60,191
e
Remaining amount distributed out of corpus
0
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
0
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
..........
9,934,615
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
......
0
10
Analysis of line 9:
a
Excess from 2015
....
b
Excess from 2016
....
c
Excess from 2017
....
d
Excess from 2018
....
e
Excess from 2019
....
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 e-mail address of the person to whom applications should be addressed:
MS SHARON WOOD
505 S FLAGLER DRIVE STE 810
WEST PALM BEACH
,
FL
33401
(561) 659-2005
WOOD@JSF.BZ
b
The form in which applications should be submitted and information and materials they should include:
TYPEWRITTEN LETTERS DETAILING THE EDUCATIONAL PURPOSE THE FUNDS WILL BE USED IN, THE ULTIMATE BENEFICIARIES OF THE FUNDS, ETC.
c
Any submission deadlines:
NONE
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
FUNDS WILL BE PROVIDED TO INSTITUTIONS FOR EDUCATIONAL-RELATED PURPOSES.
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
AANIIIH NAKODA COLLEGE (FORT BELKNAP)
PO BOX 159
HARLEM
,
MT
59526
NONE
EDUCATIONAL GRANT
43,200
AMERICAN INDIAN BUSINESS LEADERS
GALLAGHER BUSINESS BUILDING SUITE
250
MISSOULA
,
MT
59812
NONE
EDUCATIONAL GRANT
77,000
AMERICAN INDIAN HIGHER EDUCATION COALITION
121 ORONOCO ST
ALEXANDRIA
,
VA
22314
NONE
EDUCATIONAL GRANT
1,259
BLACKFEET COM COLLEGE
504 SE BOUNDRY STREET
BROWNING
,
MT
59417
NONE
EDUCATIONAL GRANT
18,975
BOTTOM LINE
50 MILK ST 16TH FLOOR
BOSTON
,
MA
02109
NONE
EDUCATIONAL GRANT
1,500
CAPE BRETON UNIVERSITY
1250 GRAND LAKE ROAD
SYDNEY
,
NOVA SCOTIA
CA
NONE
EDUCATIONAL GRANT
1,000
CAPE FUND LP
759 SQUARE-VICTORIA
MONTREAL
,
QUEBEC
CA
NONE
MISSION RELATED GRANT
-95,652
CENTER FOR EFFECTIVE PHILANTHROPHY
675 MASSACHUSETTS AVE
CAMBRIDGE
,
MA
02139
NONE
EDUCATIONAL GRANT
5,000
CHRISTIE COMMUNITY FOUNDATION
9857 ST AUGUSTINE RD SUITE 6
JACKSONVILLE
,
FL
32254
NONE
EDUCATIONAL GRANT
22,500
CLARKE SCHOOL FOR HEARING AND SPEECH
9803 OLD ST AUGUSTINE RD 7
JACKSONVILLE
,
FL
32257
NONE
EDUCATIONAL GRANT
2,000
COLLEGE FOR KIDS
1896 PALM BEACH LAKES BLVD SUITE
103
WEST PALM BEACH
,
FL
33409
NONE
EDUCATIONAL GRANT
175,000
DALHOUSIE FOUNDATION-DISADVANTAGED
PO BOX 15000
HALIFAX
,
NOVA SCOTIA
CA
NONE
EDUCATIONAL GRANT
74,435
DALHOUSIE FOUNDATION-INDIGENOUS
PO BOX 15000
HALIFAX
,
NOVA SCOTIA
CA
NONE
EDUCATIONAL GRANT
74,435
EAST STROUDSBERG AREA SCHOOL DISTRICT
50 VINE STREET
EAST STROUDSBERG
,
PA
18301
NONE
EDUCATIONAL GRANT
100
EAST STROUDSBERG UNIVERSITY FOUNDATION
200 PROSPECT STREET
EAST STROUDSBERG
,
PA
18301
NONE
EDUCATIONAL GRANT
250
EDUCATION FOUNDATION OF ALACHUA COUNTY
2802 NE 8TH AVE
GAINESVILLE
,
FL
32641
NONE
EDUCATIONAL GRANT
500
EMPOWHER OF THE PALM BEACHES
PO BOX 2717
WEST PALM BEACH
,
FL
33401
NONE
EDUCATIONAL GRANT
150
EXPONENT PHILANTHROPHY
1720 N STREET
NEW WASHINGTON
,
DC
20036
NONE
GRANT ALLOWABLE PORTION OF MEMBERSHIP IN PROFESSIONAL ORGANIZATIONS
500
EYE TO EYE
30 TOMPKINS PLACE
BROOKLYN
,
NY
11231
NONE
EDUCATIONAL GRANT
1,000
FIRST PEOPLES FUND
PO BOX 2977
RAPID CITY
,
SD
57709
NONE
EDUCATIONAL GRANT
12,500
FLAGLER COLLEGE
74 KING ST
ST AUGUSTINE
,
FL
32084
NONE
EDUCATIONAL GRANT
250
FLORIDA AGRICULTURAL & MECHANICAL UNIVERSITY FOUNDATION
625 E TENNESSEE ST SUITE 100
TALLAHASSEE
,
FL
32308
NONE
EDUCATIONAL GRANT
220,900
FLORIDA ATLANTIC UNIVERSITY FOUNDATION
777 GLADES RD
BOCA RATON
,
FL
33431
NONE
EDUCATIONAL GRANT
11,900
FLORIDA BAPTIST CHILDREN'S HOME
1015 SIKES BLVD
LAKELAND
,
FL
33815
NONE
EDUCATIONAL GRANT
10,000
FLORIDA GULF COAST UNIVERSITY
10501 FGCU BLVD
FORT MYERS
,
FL
33965
NONE
EDUCATIONAL GRANT
7,000
FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION
UNIVERSITY PARK MARC 531
MIAMI
,
FL
33199
NONE
EDUCATIONAL GRANT
25,400
FLORIDA PHILANTHROPIC NETWORK
1211 N WESTSHORE BLVD 314
TAMPA
,
FL
33607
NONE
GRANT ALLOWABLE PORTION OF MEMBERSHIP IN PROFESSIONAL ORGANIZATIONS
8,000
FLORIDA POLYTECHNIC UNIVERSITY
4700 RESEARCH WAY
LAKELAND
,
FL
33805
NONE
EDUCATIONAL GRANT
5,200
FLORIDA SCHOOL FOR THE DEAF AND THE BLIND
207 N SAN MARCO AVENUE
ST AUGUSTINE
,
FL
32084
NONE
EDUCATIONAL GRANT
500,000
FLORIDA STATE UNIVERSITY FOUNDATION
313 WESTCOTT BUILDING
TALLAHASSEE
,
FL
32306
NONE
EDUCATIONAL GRANT
15,000
FLORIDA STATE UNIVERSITY SYSTEMDISABLED
600 W COLLEGE AVE
TALLAHASSEE
,
FL
32306
NONE
EDUCATIONAL GRANT
475,000
FORT LEWIS COLLEGE
KROEGER HALL 1000 RIM DR
DURANGO
,
CO
81301
NONE
EDUCATIONAL GRANT
57,500
GALLAUDET UNIVERSITY
800 FLORIDA AVENUE
NEW WASHINGTON
,
DC
20002
NONE
EDUCATIONAL GRANT
500,000
GONZAGA UNIVERSITY
502 EAST BOONE AVENUE
SPOKANE
,
WA
99258
NONE
EDUCATIONAL GRANT
200,000
GRANTMAKERS FOR EDUCATION
720 SW WASHINGTON ST SUITE 605
PORTLAND
,
OR
97205
NONE
GRANT ALLOWABLE PORTION OF MEMBERSHIP IN PROFESSIONAL ORGANIZATIONS
1,750
GROVES ACADEMY
3200 MN-100
ST LOUIS PARK
,
MN
55416
NONE
EDUCATIONAL GRANT
75,000
INDEPENDENT SECTOR
1602 L STREET NW SUITE 900
WASHINGTON
,
DC
20036
NONE
EDUCATIONAL GRANT
500
INSTITUTE OF AMERICAN INDIAN ARTS
83 AVAN NUPO ROAD
SANTA FE
,
NM
87508
NONE
EDUCATIONAL GRANT
16,750
LAKOTA FUND
1 LAKOTA TRADE CTR 201
KYLE
,
SD
57752
NONE
EDUCATIONAL GRANT
100,000
LANDMARK COLLEGE
PO BOX 820
PUTNEY
,
VT
05346
NONE
EDUCATIONAL GRANT
100,000
LANDMARK EAST SCHOOL
708 MAIN STREET
WOLFVILLE
,
NOVA SCOTIA
CA
NONE
EDUCATIONAL GRANT
250
MARRIOTT FOUNDATION FOR PEOPLE WITH DISABILITIES
10400 FERNWOOD RD
BETHESDA
,
MD
20817
NONE
EDUCATIONAL GRANT
152,000
MINNESOTA DIVERSIFIED INDUSTRIES
3501 BROADWAY ST 100
MINNEAPOLIS
,
MN
55413
NONE
EDUCATIONAL GRANT
25,000
MOUNT ALLISON UNIVERSITY
62 YORK ST
SACKVILLE
,
NEW BRUNSWICK
CA
NONE
EDUCATIONAL GRANT
18,799
MOUNT SAINT VINCENT UNIVERSITY
166 BEDFORD HIGHWAY
HALIFAX
,
NOVA SCOTIA
CA
NONE
EDUCATIONAL GRANT
7,500
NATIONAL CONGRESS OF AMERICAN INDIANS
1516 P ST NW
WASHINGTON
,
DC
20005
NONE
EDUCATIONAL GRANT
1,500
NATIONAL INDIAN CHILD WELFARE ASSOCIATION
5100 SW MACADAM AVE 300
PORTLAND
,
OR
97239
NONE
EDUCATIONAL GRANT
500
NATIONAL ORGANIZATION ON DISABILITIES
77 WATER ST 204
NEW YORK
,
NY
10005
NONE
EDUCATIONAL GRANT
1,000
NATIVITY BOSTON
39 LAMARTINE ST
BOSTON
,
MA
02130
NONE
EDUCATIONAL GRANT
50,000
NEW COLLEGE FOUNDATION
5800 BAY SHORE RD
SARASOTA
,
FL
34243
NONE
EDUCATIONAL GRANT
3,600
NORTHEASTERN STATE UNIVERSITY FOUNDATION
812 CEDAR AVE
TAHLEQUAH
,
OK
74464
NONE
EDUCATIONAL GRANT
-1,250
NORTHERN ARIZONA UNIVERSITY FOUNDATION
PO BOX 4094 BLDG 10
FLAGSTAFF
,
AZ
86011
NONE
EDUCATIONAL GRANT
97,910
NORTHWEST INDIAN COLLEGE
2522 KWINA RD
BELLINGHAM
,
WA
98226
NONE
EDUCATIONAL GRANT
90,000
NSCC FOUNDATION
120 WHITE BRIDGE RD
NASHVILLE
,
TN
37209
NONE
EDUCATIONAL GRANT
15,000
OKLAHOMA STATE UNIVERSITY FOUNDATION
400 S MONROE STREET
STILLWATER
,
OK
74074
NONE
EDUCATIONAL GRANT
3,188
OLMSTED CENTER
1170 MAIN STREET
BUFFALO
,
NY
14209
NONE
EDUCATIONAL GRANT
50,000
PADEN CITY FOUNDATION
PO BOX 233
PADEN CITY
,
WV
26159
NONE
EDUCATIONAL GRANT
750
PALM BEACH ATLANTIC UNIVERSITY
1301 S OLIVE AVENUE
WEST PALM BEACH
,
FL
33401
NONE
EDUCATIONAL GRANT
1,380,000
PATHWAYS TO EDUCATION CANADA
439 UNIVERSITY AVE 600
TORONTO
,
TORONTO
CA
NONE
EDUCATIONAL GRANT
131,000
PERKINS
175 NORTH BEACON STREET
WATERTOWN
,
MA
02472
NONE
EDUCATIONAL GRANT
75,000
PROSPERITY NOW
1200 G STREET NW SUITE 400
WASHINGTON
,
DC
20005
NONE
EDUCATIONAL GRANT
1,750
RAINIER SCHOLARS
2100 24TH AVE S 360
SEATTLE
,
WA
98144
NONE
EDUCATIONAL GRANT
2,000
SANTA FE COLLEGE FOUNDATION
3000 NW 83 STREET
GAINESVILLE
,
FL
32606
NONE
EDUCATIONAL GRANT
18,500
SCHOLARSHIP AMERICA-UPS
4960 VIKING DRIVE SUITE 110
EDINA
,
MN
55435
NONE
EDUCATIONAL GRANT
1,100,000
SCOPE HAS A DREAM
PO BOX 1004
HEALDSBURG
,
CA
95448
NONE
EDUCATIONAL GRANT
7,500
SONOMA STATE UNIVERSITY
1801 E COTATI AVE
ROHNERT PARK
,
CA
94928
NONE
EDUCATIONAL GRANT
50,000
SOUTHWESTERN INDIAN POLYTECHNIC INSTITUTE
9169 COORS BLVD NW
ALBUQUEREUE
,
NM
87120
NONE
EDUCATIONAL GRANT
51,000
STAR CENTER CHILDRENS' THEATRE
11 NE 23RD AVENUE
GAINESVILLE
,
FL
32609
NONE
EDUCATIONAL GRANT
500
THE ACADEMY AT CHARLEMONT
1359 MA-2
CHARLEMONT
,
MA
01339
NONE
EDUCATIONAL GRANT
17,000
THE KING'S ACADEMY
8401 BELVEDERE ROAD
WEST PALM BEACH
,
FL
33411
NONE
EDUCATIONAL GRANT
2,500
THE LAKOTA FUND
1 LAKOTA TRADE CTR 201
KYLE
,
SD
57752
NONE
EDUCATIONAL GRANT
1,000
THE SCHOOL DISTRICT OF PALM BEACH COUNTY
1790 NW SPANISH RIVER BLVD
BOCA RATON
,
FL
33431
NONE
EDUCATIONAL GRANT
110,350
THE SIR CHRISTOPHER ONDAATJE THEATRE FOUNDATION
22 PLEASANT ST
CHESTER
,
NOVA SCOTIA
CA
NONE
EDUCATIONAL GRANT
1,000
ULSTER COMMUNITY COLLEGE FOUNDATION
491 COTTEKILL RD
STONE RIDGE
,
NY
12484
NONE
EDUCATIONAL GRANT
50,400
UNITED WAY OF PALM BEACH COUNTY
477 S ROSEMARY AVE 230
WEST PALM BEACH
,
FL
33401
NONE
EDUCATIONAL GRANT
52,000
UNIVERSITY OF CENTRAL FLORIDA FOUNDATION-DISABLED
12424 RESEARCH PARKWAY SUITE 250
ORLANDO
,
FL
32826
NONE
EDUCATIONAL GRANT
17,000
UNIVERSITY OF COLORADO FOUNDATION
1800 GRANT STREET
DENVER
,
CO
80203
NONE
EDUCATIONAL GRANT
2,000
UNIVERSITY OF FLORIDA FOUNDATION-DISABLED
PO BOX 14425
GAINESVILLE
,
FL
32603
NONE
EDUCATIONAL GRANT
18,000
UNIVERSITY OF NORTH FLORIDA FOUNDATION
1 UNF DRIVE BLDG 58 E SUITE 2309
JACKSONVILLE
,
FL
32216
NONE
EDUCATIONAL GRANT
108,500
UNIVERSITY OF SOUTH FLORIDA FOUNDATION-DISABLED
11000 UNIVERSITY PARKWAY
PENSACOLA
,
FL
32514
NONE
EDUCATIONAL GRANT
10,200
UNIVERSITY OF WEST FLORIDA
11000 UNIVERSITY PARKWAY
PENSACOLA
,
FL
32514
NONE
EDUCATIONAL GRANT
2,543
Total
.................................
3a
6,471,292
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
159,333
4
Dividends and interest from securities
....
14
2,986,898
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
.....
15
690,798
8
Gain or (loss) from sales of assets other than
inventory
............
18
4,968,044
9
Net income or (loss) from special events:
10
Gross profit or (loss) from sales of inventory
11
Other revenue:
a
OTHER INVESTMENT INCOME/(LOSS) FROM K-1'S
18
3,939,993
b
ORDINARY INCOME/(LOSS) FROM K-1'S
18
144,409
c
d
e
12
Subtotal. Add columns (b), (d), and (e)
..
0
3,837,029
9,052,446
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
12,889,475
(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.)
8
NOT APPLICABLE
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