-
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
ALEX KATZ FOUNDATION INC
Number and street (or P.O. box number if mail is not delivered to street address)
A KOZAK 192 LEXINGTON AVE NO 1
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK
,
NY
10016
A Employer identification number
51-0529249
B
Telephone number (see instructions)
(212) 889-6371
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)
$
67,464,920
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)
8,500,000
2
Check
.............
3
Interest on savings and temporary cash investments
245,032
245,032
245,032
4
Dividends and interest from securities
...
812,248
812,248
812,248
5a
Gross rents
............
b
Net rental income or (loss)
6a
Net gain or (loss) from sale of assets not on line 10
-252,908
b
Gross sales price for all assets on line 6a
20,523,725
7
Capital gain net income (from Part IV, line 2)
...
0
8
Net short-term capital gain
.........
0
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)
.......
1,120
1,120
1,120
12
Total.
Add lines 1 through 11
........
9,305,492
1,058,400
1,058,400
13
Compensation of officers, directors, trustees, etc.
312,500
0
0
312,500
14
Other employee salaries and wages
......
15
Pension plans, employee benefits
.......
16a
Legal fees (attach schedule)
.........
b
Accounting fees (attach schedule)
.......
41,635
31,226
31,226
10,409
c
Other professional fees (attach schedule)
....
284,784
284,784
284,784
0
17
Interest
...............
18
Taxes (attach schedule) (see instructions)
...
107,882
7,882
7,882
0
19
Depreciation (attach schedule) and depletion
...
20
Occupancy
..............
21
Travel, conferences, and meetings
.......
22
Printing and publications
..........
23
Other expenses (attach schedule)
.......
5,442
850
850
4,592
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
752,243
324,742
324,742
327,501
25
Contributions, gifts, grants paid
.......
1,987,633
1,987,633
26
Total expenses and disbursements.
Add lines 24 and 25
2,739,876
324,742
324,742
2,315,134
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
6,565,616
b
Net investment income
(if negative, enter -0-)
733,658
c
Adjusted net income
(if negative, enter -0-)
...
733,658
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
.............
16,641
25,127
25,127
2
Savings and temporary cash investments
.........
16,699,113
9,340,112
9,340,112
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)
10,436,543
1,098,685
1,106,316
b
Investments—corporate stock (attach schedule)
.......
14,328,948
30,432,530
37,283,749
c
Investments—corporate bonds (attach schedule)
.......
11,348,233
18,296,095
18,447,136
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
)
1,059,935
1,262,480
1,262,480
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
53,889,413
60,455,029
67,464,920
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
53,889,413
60,455,029
29
Total net assets or fund balances
(see instructions)
.....
53,889,413
60,455,029
30
Total liabilities and net assets/fund balances
(see instructions)
.
53,889,413
60,455,029
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
53,889,413
2
Enter amount from Part I, line 27a
.....................
2
6,565,616
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3
..........................
4
60,455,029
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
60,455,029
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
$1,000M USTB 03/07/19
2018-09-06
2019-03-07
b
$3,000M USTB 03/07/19
2018-12-11
2019-03-07
c
$2,500M USTN 1.625% 04/30/2019
2019-03-07
2019-04-01
d
$1,000M USTN 1.5% 05/31/2019
2018-09-06
2019-04-22
e
$500M USTN 1.5% 05/31/2019
2019-03-07
2019-04-22
$1,000M USTN 1.625% 04/30/2019
2019-03-07
2019-04-22
1,375SHS INTEL CORP
2019-04-02
2019-04-26
$1,000M USTN 1.625% 08/31/2019
2018-09-06
2019-05-01
$1,000M USTN 1.75% 11/30/2019
2018-09-06
2019-05-01
$300M USTN 2.25% 02/29/2020
2018-09-06
2019-05-01
400SHS APPLE INC
2019-04-02
2019-05-23
400SHS APPLE INC
2019-04-22
2019-05-23
270SHS APPLE INC
2019-05-01
2019-05-23
.667SHS CORTEVA INC
2019-04-22
2019-06-03
599.333SHS CORTEVA INC
2019-04-22
2019-06-04
1,066.667SHS CORTEVA INC
2019-05-01
2019-06-04
.667SHS DUPONT DE NEMOURS INC
2019-04-22
2019-06-04
1,175SHS CITIGROUP INC
2019-04-02
2019-07-23
1,175SHS CITIGROUP INC
2019-04-22
2019-07-23
780SHS CITIGROUP INC
2019-05-01
2019-07-23
2,100SHS NEWMONT GOLDCORP CORP
2019-04-22
2019-07-25
2,400SHS NEWMONT GOLDCORP CORP
2019-05-01
2019-07-25
1,135SHS GILEAD SCIENCES INC
2019-04-02
2019-08-05
1,135SHS GILEAD SCIENCES INC
2019-04-22
2019-08-05
760SHS GILEAD SCIENCES INC
2019-05-01
2019-08-05
1,085SHS CONOCOPHILLIPS
2019-04-02
2019-08-05
1,085SHS CONOCOPHILLIPS
2019-04-22
2019-08-05
720SHS CONOCOPHILLIPS
2019-05-01
2019-08-05
1,500SHS CBS CORP CL B
2019-04-02
2019-08-15
WASH SALE ADJUSTMENT - 1,500SHS CBS CORP CL B
2019-04-02
2019-08-15
835SHS CBS CORP CL B
2019-04-22
2019-08-15
WASH SALE ADJUSTMENT - 835SHS CBS CORP CL B
2019-04-22
2019-08-15
599.333SHS DUPONT DE NEMOURS INC
2019-04-22
2019-08-15
299.667SHS DUPONT DE NEMOURS INC
2019-05-01
2019-08-15
1,745SHS PFIZER INC
2019-04-02
2019-08-15
580SHS PFIZER INC
2019-04-22
2019-08-15
$200M USTN 2.25% 02/29/2020
2018-09-06
2019-08-26
1,415SHS BRISTOL MYERS SQUIBB CO
2019-04-02
2019-09-11
1,415SHS BRISTOL MYERS SQUIBB CO
2019-04-22
2019-09-11
940SHS BRISTOL MYERS SQUIBB CO
2019-05-01
2019-09-11
700SHS FIDELITY NATIONAL INFORMATION SERVICES INC
2019-04-02
2019-09-12
170SHS FIDELITY NATIONAL INFORMATION SERVICES INC
2019-04-22
2019-09-12
400SHS FEDEX CORP
2019-04-02
2019-09-23
400SHS FEDEX CORP
2019-04-22
2019-09-23
270SHS FEDEX CORP
2019-05-01
2019-09-23
1,165SHS CBS CORP CL B
2019-04-22
2019-10-23
1,170SHS CBS CORP CL B
2019-05-01
2019-10-23
835SHS CBS CORP CL B
2019-08-26
2019-10-23
1,500SHS CBS CORP CL B
2019-08-26
2019-10-23
400SHS HOME DEPOT INC
2019-04-02
2019-11-20
400SHS HOME DEPOT INC
2019-04-22
2019-11-20
260SHS HOME DEPOT INC
2019-05-01
2019-11-20
800SHS DUPONT DE NEMOURS INC
2019-05-01
2019-11-20
$400M USTN 2.25% 02/29/2020
2019-08-20
2019-12-17
1,850SHS FEDEX CORP
2016-06-07
2019-10-14
525SHS FEDEX CORP
2016-08-19
2019-10-14
325SHS FEDEX CORP
2017-09-06
2019-10-14
300SHS FEDEX CORP
2017-09-12
2019-10-14
$500M USTN 2.25% 02/29/2020
2018-09-06
2019-12-17
$1,000M USTN 2.5% 05/31/2020
2018-09-06
2019-12-17
$800M BERKSHIRE HATHAWAY 1.7% 03/15/19
2016-11-15
2019-03-15
$500M EXXON MOBIL CORP 1.819% 03/15/19
2015-01-14
2019-03-15
$500M APPLE INC 2.1% 05/06/19
2014-12-15
2019-05-06
$500M APPLE INC 2.1% 05/06/19
2015-12-14
2019-05-06
$1,000M IBM CORP 1.80% 05/17/2019
2016-03-24
2019-05-10
$200M MICROSOFT CORP 1.850% 02/12/2020
2015-04-01
2019-07-23
$100M MICROSOFT CORP 1.850% 02/12/2020
2015-04-01
2019-08-29
$400M USTN 1.375% 04/30/2020
2017-12-18
2019-10-17
$500M EXXON MOBIL CORP 1.912% 03/06/20
2015-03-04
2019-12-26
(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
988,824
988,824
0
b
2,983,346
2,983,346
0
c
2,497,949
2,497,461
488
d
998,789
993,789
5,000
e
499,395
498,984
411
999,609
998,984
625
72,056
75,156
-3,100
997,070
991,758
5,312
995,859
990,628
5,231
299,543
298,616
927
71,427
77,056
-5,629
71,427
81,111
-9,684
48,213
56,787
-8,574
18
20
-2
14,531
18,064
-3,533
25,862
31,871
-6,009
48
58
-10
84,196
76,259
7,937
84,196
81,880
2,316
55,892
55,176
716
79,084
70,181
8,903
90,382
74,516
15,866
72,840
75,891
-3,051
72,840
71,375
1,465
48,774
49,376
-602
60,170
72,664
-12,494
60,170
72,484
-12,314
39,929
45,964
-6,035
66,879
72,221
-5,342
5,342
5,342
37,230
43,844
-6,614
6,614
6,614
39,557
51,767
-12,210
17,600
22,833
-5,233
59,551
75,179
-15,628
19,793
22,785
-2,992
200,331
199,077
1,254
69,703
66,788
2,915
69,703
64,513
5,190
46,304
43,672
2,632
92,918
79,657
13,261
22,566
18,868
3,698
58,634
73,976
-15,342
58,634
78,878
-20,244
39,578
51,220
-11,642
42,113
61,172
-19,059
42,294
60,071
-17,777
30,184
41,904
-11,720
54,223
68,736
-14,513
88,341
77,699
10,642
88,341
81,762
6,579
57,422
52,865
4,557
53,097
68,500
-15,403
400,406
400,874
-468
271,957
305,227
-33,270
77,177
87,721
-10,544
47,776
69,346
-21,570
44,101
64,975
-20,874
500,508
497,693
2,815
1,003,750
998,137
5,613
800,000
805,056
-5,056
500,000
511,757
-11,757
500,000
508,519
-8,519
500,000
509,852
-9,852
999,924
1,009,107
-9,183
199,650
202,970
-3,320
99,935
101,485
-1,550
399,406
395,991
3,415
499,744
501,657
-1,913
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
0
b
0
c
488
d
5,000
e
411
625
-3,100
5,312
5,231
927
-5,629
-9,684
-8,574
-2
-3,533
-6,009
-10
7,937
2,316
716
8,903
15,866
-3,051
1,465
-602
-12,494
-12,314
-6,035
-5,342
5,342
-6,614
6,614
-12,210
-5,233
-15,628
-2,992
1,254
2,915
5,190
2,632
13,261
3,698
-15,342
-20,244
-11,642
-19,059
-17,777
-11,720
-14,513
10,642
6,579
4,557
-15,403
-468
-33,270
-10,544
-21,570
-20,874
2,815
5,613
-5,056
-11,757
-8,519
-9,852
-9,183
-3,320
-1,550
3,415
-1,913
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
-252,908
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
-127,343
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
3,111,798
47,534,089
0.065465
2017
2,464,349
44,002,800
0.056004
2016
3,715,108
34,408,456
0.107971
2015
703,373
31,085,659
0.022627
2014
1,226,181
25,983,333
0.047191
2
Total
of line 1, column (d)
.....................
2
0.299258
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
0.059852
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5
......
4
56,253,421
5
Multiply line 4 by line 3
......................
5
3,366,880
6
Enter 1% of net investment income (1% of Part I, line 27b)
...........
6
7,337
7
Add lines 5 and 6
........................
7
3,374,217
8
Enter qualifying distributions from Part XII, line 4
,.............
8
2,315,134
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
14,673
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
14,673
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
14,673
6
Credits/Payments:
a
2019 estimated tax payments and 2018 overpayment credited to 2019
6a
41,140
b
Exempt foreign organizations—tax withheld at source
......
6b
c
Tax paid with application for extension of time to file (Form 8868)
...
6c
0
d
Backup withholding erroneously withheld
...........
6d
0
7
Total credits and payments. Add lines 6a through 6d
..............
7
41,140
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
26,467
11
Enter the amount of line 10 to be:
Credited to 2020 estimated tax
26,467
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
No
b
If "Yes," has it filed a tax return on
Form 990-T
for this year?
...................
4b
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?
.........
5
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
By language in the governing instrument, or
By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument?
................
6
Yes
7
Did the foundation have at least $5,000 in assets at any time during the year?
If "Yes," complete Part II, col. (c),
and Part XV.
.................................
7
Yes
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
DE
,
NY
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
No
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
Yes
10
Did any persons become substantial contributors during the tax year?
If "Yes," attach a schedule listing their names
and addresses.
...............................
10
Yes
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
N/A
14
The books are in care of
VINCENT KATZ CO A KOZAK AND CO
Telephone no.
(212) 889-6371
Located at
192 LEXINGTON AVENUE SUITE 1100
NEW YORK
NY
ZIP+4
10016
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
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
ALEX KATZ
PRESIDENT & DIRECTOR
0.00
0
0
0
C/O A KOZAK 192 LEXINGTON AVE 1100
NEW YORK
,
NY
10016
ADA KATZ
VICE-PRES & DIRECTOR
0.00
0
0
0
C/O A KOZAK 192 LEXINGTON AVE 1100
NEW YORK
,
NY
10016
VINCENT KATZ
TREASURER & DIRECTOR
20.00
156,250
0
0
211 WEST 19TH STREET 5TH FL
NEW YORK
,
NY
10011
VIVIEN BITTENCOURT KATZ
SECRETARY & DIRECTOR
20.00
156,250
0
0
211 WEST 19TH STREET 5TH FL
NEW YORK
,
NY
10011
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
FIRST MANHATTAN CO
INVESTMENT ADVISORY
221,750
399 PARK AVENUE
NEW YORK
,
NY
10022
KLINGENSTEIN FIELDS & CO LLC
INVESTMENT ADVISORY
63,034
125 PARK AVENUE
NEW YORK
,
NY
10017
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
ALBRIGHT-KNOX ART GALLERYCONTRIBUTION OF ARTWORK - REBECCA WARREN, THERE IS ANOTHER WAY, 2011 ED. 2 OF 2 WITH AP
480,000
2
ART INSTITUTE OF CHICAGOCONTRIBUTION OF ARTWORK - JANNIS KOUNELLIS, UNTITLED, 2009
250,643
3
PHILADELPHIA MUSEUM OF ARTCONTRIBUTION OF ARTWORK - A. KATZ, VINCENT WITH A RADIO, 1974
242,500
4
DETROIT INSTITUTE OF ARTCONTRIBUTION OF ARTWORK - DAVID SALLE, FERTILIZING MACHINE, 2004
75,000
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
45,359,761
b
Average of monthly cash balances
.......................
1b
11,750,311
c
Fair market value of all other assets (see instructions)
................
1c
0
d
Total
(add lines 1a, b, and c)
.........................
1d
57,110,072
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
57,110,072
4
Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
instructions)
.............................
4
856,651
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3. Enter here and on Part V, line 4
5
56,253,421
6
Minimum investment return.
Enter 5% of line 5
..................
6
2,812,671
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
2a
Tax on investment income for 2019 from Part VI, line 5
......
2a
b
Income tax for 2019. (This does not include the tax from Part VI.)
...
2b
c
Add lines 2a and 2b
............................
2c
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
4
Recoveries of amounts treated as qualifying distributions
................
4
5
Add lines 3 and 4
............................
5
6
Deduction from distributable amount (see instructions)
.................
6
7
Distributable amount
as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1
...
7
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
2,315,134
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
2,315,134
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
2,315,134
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
Undistributed income, if any, as of the end of 2019:
a
Enter amount for 2018 only
.......
b
Total for prior years:
20
,
20
,
20
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
........
4
Qualifying distributions for 2019 from Part
XII, line 4:
$
a
Applied to 2018, but not more than line 2a
b
Applied to undistributed income of prior years
(Election required—see instructions)
.....
c
Treated as distributions out of corpus (Election
required—see instructions)
........
d
Applied to 2019 distributable amount
.....
e
Remaining amount distributed out of corpus
5
Excess distributions carryover applied to 2019.
(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
b
Prior years’ undistributed income. Subtract
line 4b from line 2b
..........
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
......
d
Subtract line 6c from line 6b. Taxable amount
—see instructions
...........
e
Undistributed income for 2018. Subtract line
4a from line 2a. Taxable amount—see
instructions
.............
f
Undistributed income for 2019. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2020
..........
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)
.......
8
Excess distributions carryover from 2014 not
applied on line 5 or line 7 (see instructions)
...
9
Excess distributions carryover to 2020.
Subtract lines 7 and 8 from line 6a
......
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
.......
2005-02-28
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
733,658
389,644
431,758
174,882
1,729,942
b
85% of line 2a
.........
623,609
331,197
366,994
148,650
1,470,451
c
Qualifying distributions from Part XII,
line 4 for each year listed
.....
2,315,134
3,192,451
2,464,349
3,716,857
11,688,791
d
Amounts included in line 2c not used directly
for active conduct of exempt activities
..........
0
0
0
0
0
e
Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c
....
2,315,134
3,192,451
2,464,349
3,716,857
11,688,791
3
Complete 3a, b, or c for the
alternative test relied upon:
a
“Assets" alternative test—enter:
(1)
Value of all assets
......
67,464,921
54,496,298
50,521,415
41,256,559
213,739,193
(2)
Value of assets qualifying
under section 4942(j)(3)(B)(i)
0
b
“Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part X, line 6 for each year listed
...
1,875,114
1,584,469
1,466,760
1,146,949
6,073,292
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)
....
0
(2)
Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii)
....
0
(3)
Largest amount of support
from an exempt organization
0
(4)
Gross investment income
0
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).)
ALEX KATZ
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
ALBRIGHT-KNOX ART GALLERY
1285 ELMWOOD AVENUE
BUFFALO
,
NY
14222
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - BRIAN BELOTT, UNTITLED (PUFF), 2018
17,600
ALBRIGHT-KNOX ART GALLERY
1285 ELMWOOD AVENUE
BUFFALO
,
NY
14222
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - JUAN GOMEZ, LACUNA, 2019
14,400
ALBRIGHT-KNOX ART GALLERY
1285 ELMWOOD AVENUE
BUFFALO
,
NY
14222
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - ABBY LEIGH, NIGHT OWLS, 2019
6,800
ALBRIGHT-KNOX ART GALLERY
1285 ELMWOOD AVENUE
BUFFALO
,
NY
14222
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - REBECCA WARREN, THERE IS ANOTHER WAY, 2011 ED. 2 OF 2 WITH AP
480,000
AMERICAN ACADEMY IN ROME
7 EAST 60TH STREET
NEW YORK
,
NY
100221001
N/A
PUBLIC
GENERAL CONTRIBUTION
2,000
ART INSTITUTE OF CHICAGO
111 SOUTH MICHIGAN AVENUE
CHICAGO
,
IL
60603
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - JANNIS KOUNELLIS, UNTITLED, 2009
250,643
BOWDOIN COLLEGE MUSEUM OF ART
255 MAINE STREET
BRUNSWICK
,
ME
04011
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - DAVID SALLE, UNTITLED, 1980-1990 ED. 2/5
12,000
BOWDOIN COLLEGE MUSEUM OF ART
255 MAINE STREET
BRUNSWICK
,
ME
04011
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - DAVID SALLE, UNTITLED, 1980-1990
12,000
BOWDOIN COLLEGE MUSEUM OF ART
255 MAINE STREET
BRUNSWICK
,
ME
04011
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - DAVID SALLE, UNTITLED, 1980-1990
12,000
BOWDOIN COLLEGE MUSEUM OF ART
255 MAINE STREET
BRUNSWICK
,
ME
04011
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - RICHARD BOSMAN, CRAZY CATS 9, 2017-18
5,600
CENTER FOR MAINE CONTEMPORARY ART
213 WINTER STREET
ROCKLAND
,
ME
04841
N/A
PUBLIC
GENERAL CONTRIBUTION
1,000
COLBY COLLEGE MUSEUM OF ART
4373 MAYFLOWER HILL
WATERVILLE
,
ME
049018843
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - AMY LIEN AND ENZO CAMACHO, ORPHANED, 2018
6,400
COLBY COLLEGE MUSEUM OF ART
4373 MAYFLOWER HILL
WATERVILLE
,
ME
049018843
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - PETER LINDE BUSK, ROSEBUD, 2016
17,600
COLBY COLLEGE MUSEUM OF ART
4373 MAYFLOWER HILL
WATERVILLE
,
ME
049018843
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - STEVE DIBENEDETTO, ELSEWHERE, 2017-2018
9,600
COLBY COLLEGE MUSEUM OF ART
4373 MAYFLOWER HILL
WATERVILLE
,
ME
049018843
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - RACKSTRAW DOWNES, THE DAKOTA FROM THE JUST EAST OF THE RESERVOIR, 1956
64,000
COLBY COLLEGE MUSEUM OF ART
4373 MAYFLOWER HILL
WATERVILLE
,
ME
049018843
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - EMMA MCMILLAN, PROJECT X, 2019
4,400
COLBY COLLEGE MUSEUM OF ART
4373 MAYFLOWER HILL
WATERVILLE
,
ME
049018843
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - LAUREN NICKOU, VELVET SEA, 2019
4,480
DETROIT INSTITUTE OF ART
5200 WOODWARD AVENUE
DETROIT
,
MI
48202
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - JASMINE LITTLE, CARLSBAD CAVERNS, 2015
12,800
DETROIT INSTITUTE OF ART
5200 WOODWARD AVENUE
DETROIT
,
MI
48202
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - CHRIS MARTIN, BUFFALO BOB, 2014-2018
45,000
DETROIT INSTITUTE OF ART
5200 WOODWARD AVENUE
DETROIT
,
MI
48202
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - DAVID SALLE, FERTILIZING MACHINE, 2004
75,000
FILM FORUM INC
209 WEST HOUSTON ST
NEW YORK
,
NY
10014
N/A
PUBLIC
GENERAL CONTRIBUTION
10,000
FOUNDATION FOR CONTEMPORARY ARTS
820 GREENWICH STREET
NEW YORK
,
NY
10014
N/A
PUBLIC
GENERAL CONTRIBUTION
2,000
HIGH MUSEUM OF ART ATLANTA
1280 PEACHTREE STREET NE
ATLANTA
,
GA
30309
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - ELLA KRUGLAYANSKAYA, PAINTER, DISCONTENTED, 2018
52,000
HIGH MUSEUM OF ART ATLANTA
1280 PEACHTREE STREET NE
ATLANTA
,
GA
30309
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - OLIVER CLEGG, UNTITLED (7), 2017-18
4,000
HIGH MUSEUM OF ART ATLANTA
1280 PEACHTREE STREET NE
ATLANTA
,
GA
30309
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - MARTHA DIAMOND, CITYSCAPE, BLACK AND WHITE, NO. 1, 1994
40,000
HIGH MUSEUM OF ART ATLANTA
1280 PEACHTREE STREET NE
ATLANTA
,
GA
30309
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - MARTHA DIAMOND, CITYSCAPE CITYSCAPE WITH INDIAN YELLOW, 2001-2005
40,000
HIGH MUSEUM OF ART ATLANTA
1280 PEACHTREE STREET NE
ATLANTA
,
GA
30309
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - AUSTIN LEE, CHROMA, 2018
28,000
LINCOLNVILLE COMMUNITY LIBRARY
208 MAIN STREET
LINCOLNVILLE
,
ME
04849
N/A
PUBLIC
GENERAL CONTRIBUTION
500
LINCOLNVILLE COMMUNITY LIBRARY
208 MAIN STREET
LINCOLNVILLE
,
ME
04849
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - JIM EBERSOLE, AUGUST TREE STUDY, PROSPECT PARK, 2015
700
LINCOLNVILLE COMMUNITY LIBRARY
208 MAIN STREET
LINCOLNVILLE
,
ME
04849
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - JIM EBERSOLE, APRIL TREE STUDY, PROSPECT PARK, 2015
700
LINCOLNVILLE COMMUNITY LIBRARY
208 MAIN STREET
LINCOLNVILLE
,
ME
04849
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - PAMELA BERKELEY, TIN CAN, WATER GLASS AND LACE, 1975
750
MALDEN PUBLIC LIBRARY
36 SALEM ST
MALDEN
,
MA
02148
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - NICOLE WITTENBERG, PARKER, 2017
13,600
MALDEN PUBLIC LIBRARY
36 SALEM ST
MALDEN
,
MA
02148
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - CHRIS OH, ENTHRONED, 2018
10,000
MALDEN PUBLIC LIBRARY
36 SALEM ST
MALDEN
,
MA
02148
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - JIM EBERSOLE, BEVERLY ROAD, WINTER, 2009
700
MALDEN PUBLIC LIBRARY
36 SALEM ST
MALDEN
,
MA
02148
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - JIM EBERSOLE, DAN AND NANCY'S HOUSE, FABIUS, NY, 2016
700
MALDEN PUBLIC LIBRARY
36 SALEM ST
MALDEN
,
MA
02148
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - JIM EBERSOLE, MARY A WHALEN, STEM, 2015
700
MALDEN PUBLIC LIBRARY
36 SALEM ST
MALDEN
,
MA
02148
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - JIM EBERSOLE, WOODS AT THE END OF WINTER, 2006
700
MALDEN PUBLIC LIBRARY
36 SALEM ST
MALDEN
,
MA
02148
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - EMMA MCMILLAN, MS. MALARIA, 2016 - 4 PANELS
2,400
MALDEN PUBLIC LIBRARY
36 SALEM ST
MALDEN
,
MA
02148
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - EMMA MCMILLAN, MANHATTAN (GODDESS) DANCING IN THE WINDS 1929, 2018
4,000
MALDEN PUBLIC LIBRARY
36 SALEM ST
MALDEN
,
MA
02148
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - LEAH DURNER, BLACKDARKGREYVIOLETBLUE POUR, 2017
1,400
MILLER THEATRE
2960 BROADWAY MC 1801
NEW YORK
,
NY
10027
N/A
PUBLIC
GENERAL CONTRIBUTION
2,000
MUSEUM OF FINE ARTS BOSTON
AVENUE OF THE ARTS 465 HUNTINGTON
AVENUE
BOSTON
,
MA
02115
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - THOMAS SCHUETTE, ALTE FREUNDE (OLD FRIENDS) #1-4, 2010-11
15,000
MUSEUM OF FINE ARTS BOSTON
AVENUE OF THE ARTS 465 HUNTINGTON
AVENUE
BOSTON
,
MA
02115
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - JOHN BALDESSARI, NOSE/SILHOUETTE: BLUE, 2010
1,925
MUSEUM OF FINE ARTS BOSTON
AVENUE OF THE ARTS 465 HUNTINGTON
AVENUE
BOSTON
,
MA
02115
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - JOHN BALDESSARI, NOSE/SILHOUETTE: RED, 2010
1,925
MUSEUM OF FINE ARTS BOSTON
AVENUE OF THE ARTS 465 HUNTINGTON
AVENUE
BOSTON
,
MA
02115
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - JOHN BALDESSARI, NOSE/SILHOUETTE: ORANGE, 2010
1,925
NEW YORK LIVE ARTS INC
219 W 19TH STREET
NEW YORK
,
NY
10011
N/A
PUBLIC
GENERAL CONTRIBUTION
3,000
NEW YORK PUBLIC LIBRARY
445 FIFTH AVENUE
NEW YORK
,
NY
10016
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - JOHN NEWMAN, NORTH AND SOUTH, AP 5 OF 5, 2016
750
NEW YORK STUDIO SCHOOL OF DRAWING PAINTING & SCULPTURE
8 W 8TH STREET
NEW YORK
,
NY
10011
N/A
PUBLIC
GENERAL CONTRIBUTION
10,000
NEW YORK STUDIO SCHOOL OF DRAWING PAINTING & SCULPTURE
8 W 8TH STREET
NEW YORK
,
NY
10011
N/A
PUBLIC
GENERAL CONTRIBUTION
10,000
PARSONS DANCE
229 WEST 42ND STREET 8TH FLOOR
NEW YORK
,
NY
10036
N/A
PUBLIC
GENERAL CONTRIBUTION
1,000
PHILADELPHIA MUSEUM OF ART
PO BOX 7646
PHILADELPHIA
,
PA
191017646
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - A. KATZ, VINCENT WITH A RADIO, 1974
242,500
PORTLAND MUSEUM OF ART
SEVEN CONGRESS SQUARE
PORTLAND
,
ME
04101
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - MISAKI KAWAI, POOFY WAN WAN, 2019
6,000
PORTLAND MUSEUM OF ART
SEVEN CONGRESS SQUARE
PORTLAND
,
ME
04101
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - ELIZABETH HAZEN, THE FOREST AT 2:00 AM, 2019
5,760
PORTLAND MUSEUM OF ART
SEVEN CONGRESS SQUARE
PORTLAND
,
ME
04101
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - JULIAN OPIE, MONIQUE, BUSINESSWOMAN-HOUSEWIFE 05, 2004
52,500
SAN ANTONIO MUSEUM OF ART
200 WEST JONES AVE
SAN ANTONIO
,
TX
78215
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - SINEAD BRESLIN, LUDA IN MEXICO, 2018
5,000
SAN ANTONIO MUSEUM OF ART
200 WEST JONES AVE
SAN ANTONIO
,
TX
78215
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - GABY COLLINS-FERNANDEZ, RED VELVET 2IN1 BODY, 2014
1,760
SAN ANTONIO MUSEUM OF ART
200 WEST JONES AVE
SAN ANTONIO
,
TX
78215
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - LEAH DURNER, REDGOLDVIOLETDARKVIOLET POUR, 2017
1,400
SAN ANTONIO MUSEUM OF ART
200 WEST JONES AVE
SAN ANTONIO
,
TX
78215
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - KETTIE FERRIS, GHOST TREES, 2018
50,000
SAN ANTONIO MUSEUM OF ART
200 WEST JONES AVE
SAN ANTONIO
,
TX
78215
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - ROB PRUITT, QUILTS 2018: THE HAVE NOTS AND HAVES, 2018
72,000
SAN FRANCISCO MUSEUM OF MODERN ART
151 THIRD STREET
SAN FRANCISCO
,
CA
94103
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - LARRY RIVERS, NIGHT PAINTING AND MAXINE, 1958
52,500
SKOWHEGAN SCHOOL OF PAINTING AND SCULTURE
136 WEST 22ND STREET
NEW YORK
,
NY
10011
N/A
PUBLIC
GENERAL CONTRIBUTION
10,000
SOLOMON R GUGGENHEIM FOUNDATION
1071 FIFTH AVENUE
NEW YORK
,
NY
101280173
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - CHANTEL JOFFE, ESME ON THE BLUE SOFA, 2018
73,515
THE BROOKLYN RAIL INC
253 36TH ST C304
BROOKLYN
,
NY
11232
N/A
PUBLIC
GENERAL CONTRIBUTION
5,000
THE HOUSE FOUNDATION FOR THE ARTS
260 WEST BROADWAY SUITE 2
NEW YORK
,
NY
10013
N/A
PUBLIC
GENERAL CONTRIBUTION
5,000
THE LIVING THEATRE
151 1ST AVENUE 136
NEW YORK
,
NY
10003
N/A
PUBLIC
GENERAL CONTRIBUTION
1,000
THE PAIDEIA INSTITUTE
PO BOX 670
NEW YORK
,
NY
10012
N/A
PUBLIC
GENERAL CONTRIBUTION
4,000
THE WOOSTER GROUP
33 WOOSTER STREET
NEW YORK
,
NY
10013
N/A
PUBLIC
GENERAL CONTRIBUTION
10,000
UNIVERSITY OF MAINE MUSEUM OF ART
40 HARLOW STREET
BANGOR
,
ME
04401
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - ARMEN ELOYAN, UNTITLED (PORTRAIT 15), 2017
12,000
UNIVERSITY OF MAINE MUSEUM OF ART
40 HARLOW STREET
BANGOR
,
ME
04401
N/A
PUBLIC
CONTRIBUTION OF ARTWORK - KNOX MARTIN, SHE #1, 1972
64,000
Total
.................................
3a
1,987,633
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
245,032
4
Dividends and interest from securities
....
14
812,248
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
.....
18
1,120
8
Gain or (loss) from sales of assets other than
inventory
............
18
-252,908
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
805,492
0
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
805,492
(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