-
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
07-01-2019
, and ending
06-30-2020
Name of foundation
Schultz Family Foundation
% ALISON GREEN COO
Number and street (or P.O. box number if mail is not delivered to street address)
508 Yale Avenue N
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SEATTLE
,
WA
98109
A Employer identification number
91-1746414
B
Telephone number (see instructions)
(206) 492-5420
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)
$
222,395,379
J
Accounting method:
Cash
Accrual
Other (specify)
MODIFIED CASH
(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)
45,426,153
2
Check
.............
3
Interest on savings and temporary cash investments
4
Dividends and interest from securities
...
4,032,303
4,032,303
5a
Gross rents
............
b
Net rental income or (loss)
6a
Net gain or (loss) from sale of assets not on line 10
333,978
b
Gross sales price for all assets on line 6a
14,863,721
7
Capital gain net income (from Part IV, line 2)
...
4,883,671
8
Net short-term capital gain
.........
9
Income modifications
...........
10a
Gross sales less returns and allowances
b
Less: Cost of goods sold
....
c
Gross profit or (loss) (attach schedule)
.....
11
Other income (attach schedule)
.......
12
Total.
Add lines 1 through 11
........
49,792,434
8,915,974
13
Compensation of officers, directors, trustees, etc.
591,575
591,575
14
Other employee salaries and wages
......
1,615,548
10,111
1,605,437
15
Pension plans, employee benefits
.......
323,863
323,863
16a
Legal fees (attach schedule)
.........
114,409
0
0
114,409
b
Accounting fees (attach schedule)
.......
56,124
28,062
0
28,062
c
Other professional fees (attach schedule)
....
1,132,527
10,000
1,122,527
17
Interest
...............
18
Taxes (attach schedule) (see instructions)
...
430,000
19
Depreciation (attach schedule) and depletion
...
18,414
20
Occupancy
..............
21
Travel, conferences, and meetings
.......
74,405
74,405
22
Printing and publications
..........
10,092
10,092
23
Other expenses (attach schedule)
.......
687,902
1,359
686,543
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
5,054,859
49,532
0
4,556,913
25
Contributions, gifts, grants paid
.......
14,578,738
14,578,738
26
Total expenses and disbursements.
Add lines 24 and 25
19,633,597
49,532
0
19,135,651
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
30,158,837
b
Net investment income
(if negative, enter -0-)
8,866,442
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
.........
13,739,968
1,692,860
1,692,860
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)
.......
202,048,206
220,682,585
220,682,585
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
528,363
Less: accumulated depreciation (attach schedule)
508,429
32,284
19,934
19,934
15
Other assets (describe
)
53,364
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
215,873,822
222,395,379
222,395,379
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
........
27
Paid-in or capital surplus, or land, bldg., and equipment fund
28
Retained earnings, accumulated income, endowment, or other funds
215,873,822
222,395,379
29
Total net assets or fund balances
(see instructions)
.....
215,873,822
222,395,379
30
Total liabilities and net assets/fund balances
(see instructions)
.
215,873,822
222,395,379
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
215,873,822
2
Enter amount from Part I, line 27a
.....................
2
30,158,837
3
Other increases not included in line 2 (itemize)
3
159,997
4
Add lines 1, 2, and 3
..........................
4
246,192,656
5
Decreases not included in line 2 (itemize)
5
23,797,277
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29
.
6
222,395,379
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
STARBUCKS CORP COM
D
2019-08-30
b
SCH TREAS OBLIGATION
P
2019-10-02
c
SCH TREAS OBLIGATION
P
2020-01-10
d
SCH TREAS OBLIGATION
P
2020-02-05
e
SCH TREAS OBLIGATION
P
2020-03-26
SCH TREAS OBLIGATION
P
2020-04-15
(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
4,883,721
50
4,883,671
b
3,700,000
3,700,000
c
1,000,000
1,000,000
d
2,000,000
2,000,000
e
500,000
500,000
2,780,000
2,780,000
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
4,883,671
b
c
d
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
4,883,671
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
22,481,488
169,633,244
0.13253
2017
18,842,518
145,467,766
0.129531
2016
9,776,055
117,021,704
0.083541
2015
7,861,361
103,643,141
0.07585
2014
4,766,476
76,032,761
0.06269
2
Total
of line 1, column (d)
.....................
2
0.484142
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
0.096828
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5
......
4
228,065,167
5
Multiply line 4 by line 3
......................
5
22,083,094
6
Enter 1% of net investment income (1% of Part I, line 27b)
...........
6
88,664
7
Add lines 5 and 6
........................
7
22,171,758
8
Enter qualifying distributions from Part XII, line 4
,.............
8
19,135,651
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
177,329
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
3
Add lines 1 and 2
...........................
3
177,329
4
Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
4
5
Tax based on investment income.
Subtract line 4 from line 3. If zero or less, enter -0-
.....
5
177,329
6
Credits/Payments:
a
2019 estimated tax payments and 2018 overpayment credited to 2019
6a
301,440
b
Exempt foreign organizations—tax withheld at source
......
6b
c
Tax paid with application for extension of time to file (Form 8868)
...
6c
d
Backup withholding erroneously withheld
...........
6d
7
Total credits and payments. Add lines 6a through 6d
..............
7
301,440
8
Enter any
penalty
for underpayment of estimated tax.
Check here
if Form 2220 is attached.
8
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
124,111
11
Enter the amount of line 10 to be:
Credited to 2020 estimated tax
124,111
Refunded
11
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.
$
(2)
On foundation managers.
$
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.
$
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)
WA
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
https://schultzfamilyfoundation.org/
14
The books are in care of
ALISON GREEN COO
Telephone no.
(206) 492-5420
Located at
508 YALE AVE N
SEATTLE
WA
ZIP+4
98109
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
SHERI KERSCH-SCHULTZ
TRUSTEE
25.0
0
0
0
c/o po box 34110
seattle
,
WA
981241100
HOWARD D SCHULTZ
TRUSTEE
5.0
0
0
0
508 Yale Avenue N
SEATTLE
,
WA
98109
LOREN D HOSTEK
TRUSTEE
1.0
0
0
0
508 Yale Avenue N
SEATTLE
,
WA
98109
MATTHEW MCCUTCHEN
TRUSTEE
3.0
0
0
0
508 Yale Avenue N
SEATTLE
,
WA
98109
ADDISON SCHULTZ
trustee
3.0
0
0
0
508 Yale Avenue N
SEATTLE
,
WA
98109
PATRICIA D HOROHO
TRUSTEE
3.0
50,000
0
0
508 Yale Avenue N
SEATTLE
,
WA
98109
DAN SAFIER
TRUSTEE
3.0
0
0
0
508 Yale Avenue N
SEATTLE
,
WA
98109
DANIEL PITASKY
Executive Director
40.0
489,795
51,480
300
508 Yale Avenue N
SEATTLE
,
WA
98109
RENE RYAN
Interim Executive Director
40.0
0
0
0
508 Yale Avenue N
SEATTLE
,
WA
98109
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
MARIE L GROARK
PROGRAM DIRECTOR
40.0
241,000
19,651
800
508 YALE AVENUE N
SEATTLE
,
WA
98109
ALISON U GREEN
CHIEF OPERATIONS OFC
40.0
229,805
16,156
800
508 YALE AVENUE N
SEATTLE
,
WA
98109
ELLEN H GARDNER
SR PROGRAM OFFICER
40.0
174,833
16,650
800
508 YALE AVENUE N
SEATTLE
,
WA
98109
YERI YUN
COMMUNICATIONS MNGR
40.0
160,000
19,520
800
508 YALE AVENUE N
SEATTLE
,
WA
98109
PAUL BUTLER
PROGRAM OFFICER
40.0
147,200
17,970
800
508 YALE AVENUE N
SEATTLE
,
WA
98109
Total
number of other employees paid over $50,000
...................
11
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
SYPartners LLC
Strategic Consulting
516,945
95 Hudson Street 8th Floor
NEW YORK
,
NY
10014
NationSwell
STRATEGIC COMMS
235,000
394 Broadway 5th Floor
NEW YORK
,
NY
10014
GMMB
Communications consg
226,705
3050 K Street NW Suite 100
WASHINGTON
,
DC
20007
Perkins Coie LLP
Legal
110,716
1201 3rd Ave 4900
SEATTLE
,
WA
98101
Intentional Futures LLC
Strategic Consulting
99,163
1501 E Madison Street Suite 500
SEATTLE
,
WA
98122
Total
number of others receiving over $50,000 for professional services
.............
10
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
YOUTH: CONDUCTED RESEARCH TO IDENTIFY COMPANIES THAT IMPROVE ECONOMIC MOBILITY FOR YOUNG PEOPLE; FUNDED ANALYSIS OF YOUTH UNEMPLOYMENT RATES NATIONALLY AND IN METRO AREAS.
440,287
2
VETERANS: ENHANCED THE COMMUNICATIONS CAPACITY OF SEVERAL VETERAN GRANTEES.
40,000
3
COVID-19 RESPONSE: DEVELOPED COMMUNICATIONS AND AWARENESS SURROUNDING THE PLATE FUND, AN EMERGENCY RELIEF FUND TO SUPPORT RESTAURANT WORKERS WHO EXPERIENCED LOSS IN WAGES.
47,451
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
.........................
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
226,001,880
b
Average of monthly cash balances
.......................
1b
5,536,361
c
Fair market value of all other assets (see instructions)
................
1c
0
d
Total
(add lines 1a, b, and c)
.........................
1d
231,538,241
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation)
.............
1e
2
Acquisition indebtedness applicable to line 1 assets
..................
2
0
3
Subtract line 2 from line 1d
.........................
3
231,538,241
4
Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
instructions)
.............................
4
3,473,074
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3. Enter here and on Part V, line 4
5
228,065,167
6
Minimum investment return.
Enter 5% of line 5
..................
6
11,403,258
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
11,403,258
2a
Tax on investment income for 2019 from Part VI, line 5
......
2a
177,329
b
Income tax for 2019. (This does not include the tax from Part VI.)
...
2b
c
Add lines 2a and 2b
............................
2c
177,329
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
11,225,929
4
Recoveries of amounts treated as qualifying distributions
................
4
5
Add lines 3 and 4
............................
5
11,225,929
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
11,225,929
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
19,135,651
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
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)
....................
3a
0
b
Cash distribution test (attach the required schedule)
.................
3b
0
4
Qualifying distributions.
Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
4
19,135,651
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
6
Adjusted qualifying distributions.
Subtract line 5 from line 4
..............
6
19,135,651
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
11,225,929
2
Undistributed income, if any, as of the end of 2019:
a
Enter amount for 2018 only
.......
0
b
Total for prior years:
2017
,
2016
,
2015
0
3
Excess distributions carryover, if any, to 2019:
a
From 2014
......
1,011,121
b
From 2015
......
2,719,675
c
From 2016
......
4,022,431
d
From 2017
......
11,824,908
e
From 2018
......
14,528,560
f
Total
of lines 3a through e
........
34,106,695
4
Qualifying distributions for 2019 from Part
XII, line 4:
$
19,135,651
a
Applied to 2018, but not more than line 2a
0
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
.....
11,225,929
e
Remaining amount distributed out of corpus
7,909,722
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
42,016,417
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
......
d
Subtract line 6c from line 6b. Taxable amount
—see instructions
...........
0
e
Undistributed income for 2018. Subtract line
4a from line 2a. Taxable amount—see
instructions
.............
0
f
Undistributed income for 2019. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2020
..........
0
7
Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions)
.......
8
Excess distributions carryover from 2014 not
applied on line 5 or line 7 (see instructions)
...
1,011,121
9
Excess distributions carryover to 2020.
Subtract lines 7 and 8 from line 6a
......
41,005,296
10
Analysis of line 9:
a
Excess from 2015
....
2,719,675
b
Excess from 2016
....
4,022,431
c
Excess from 2017
....
11,824,908
d
Excess from 2018
....
14,528,560
e
Excess from 2019
....
7,909,722
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).)
HOWARD SHERI SCHULTZ
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:
PROGRAM DIRECTOR
508 YALE AVE N
SEATTLE
,
WA
98109
INFO@SCHULTZFAMILYFOUNDATION.ORG
b
The form in which applications should be submitted and information and materials they should include:
A WRITTEN LETTER EXPLAINING THE REQUESTED GRANT.
c
Any submission deadlines:
NO SUBMISSION DEADLINE
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
NO RESTRICTIONS
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
5th Avenue Theatre Association
1326 5th Avenue Theatre
SUITE 735
Seattle
,
WA
98101
PC
Further Charitable Goals
10,000
Amara
5907 Martin Luther King Jr Way S
Seattle
,
WA
98118
PC
Further Charitable Goals
5,000
American Corporate Partners
2 Grand Central Tower 140 East 45t
SUITE 360
New York
,
NY
10017
PC
Further Charitable Goals
300,000
American Jewish Committee
Jacob Blaustein Building 165 East
New York
,
NY
10022
PC
Further Charitable Goals
100,000
American Jewish Committee Seattle
2101 Fourth Avenue
Suite 330
Seattle
,
WA
98121
PC
Further Charitable Goals
10,000
Arizona State University Foundation
PO Box 2260
Tempe
,
AZ
852802260
PC
Further Charitable Goals
525,000
Asian Counseling And Referral Service
3639 Martin Luther King Jr Way Sou
Seattle
,
WA
98144
PC
Further Charitable Goals
2,500
Ballard Food Bank
5130 Leary Avenue NW
Seattle
,
WA
98107
PC
Further Charitable Goals
5,000
Blue Star Families
PO Box 230637
Encinitas
,
CA
92023
PC
Further Charitable Goals
299,500
Boys & Girls Club of King County
603 Stewart Street
SUITE 300
Seattle
,
WA
98122
PC
Further Charitable Goals
10,000
Boys & Girls Club Of South Puget Sound
3875 South 66th Street
Suite 101
Tacoma
,
WA
98409
PC
Further Charitable Goals
5,000
Building Changes
1200 12th Avenue South
SUITE 1200
Seattle
,
WA
98144
PC
Further Charitable Goals
69,920
Chief Seattle Club
410 2nd Avenue Extension S
Seattle
,
WA
98104
PC
Further Charitable Goals
5,000
Childhaven
316 Broadway
Seattle
,
WA
981225325
PC
Further Charitable Goals
5,000
Cocoon House
3530 Colby Avenue
Everett
,
WA
98201
PC
Further Charitable Goals
3,000
Combined Arms
2929 McKinney Street
Houston
,
TX
77003
PC
Further Charitable Goals
25,000
Compass Housing Alliance
77 S WA Street 5th Floor
Seattle
,
WA
98104
PC
Further Charitable Goals
5,000
Corporate America Supports You
5445 Murrell Road
Suite 102-177
Viera
,
FL
32955
PC
Further Charitable Goals
500,000
Crisis Connections
2901 3rd Avenue
Suite 100
Seattle
,
WA
98121
PC
Further Charitable Goals
3,000
Direct Relief
27 S La Patera Lane
Goleta
,
CA
93117
PC
Further Charitable Goals
20,000
Downtown Emergency Service Center
515 Third Avenue
Seattle
,
WA
98104
PC
Further Charitable Goals
3,000
Dress for Success Seattle
1118 5th Avenue
Seattle
,
WA
98101
PC
Further Charitable Goals
3,000
East Hampton Library
159 Main Street
East Hampton
,
NY
11937
PC
Further Charitable Goals
2,500
Eastside Baby Corner
1510 NW Maple Street
PO Box 712
Issaquah
,
WA
98027
PC
Further Charitable Goals
5,000
El Centro de la Raza
2524 16th Avenue South
Seattle
,
WA
98144
PC
Further Charitable Goals
55,000
Eleanor Whitmore Early Childhood Center
2 Gingerbread Lane Extension
PO Box 63
East Hampton
,
NY
11937
PC
Further Charitable Goals
30,000
Equal Justice Initiative
122 Commerce Street
Montgomery
,
AL
36104
PC
Further Charitable Goals
250,000
Falis Community Service
10615 SE 256th Street
Suite 104
Kent
,
WA
980306809
PC
Further Charitable Goals
2,500
Family Independence Initiative
PO Box 71363
Oakland
,
CA
94612
PC
Further Charitable Goals
1,000,000
Finn2finn Alliance Inc (DBA Well Beings)
217 West 18th Street
SUITE 536
New York
,
NY
10011
PC
Further Charitable Goals
60,000
First Place
PO Box 22536
Seattle
,
WA
98122
PC
Further Charitable Goals
5,000
Food Lifeline
815 S 96th Street
Seattle
,
WA
981084934
PC
Further Charitable Goals
155,000
Friends of the Belen Public Library
333 Becker Avenue
Belen
,
NM
87002
PC
Further Charitable Goals
250
Friends of Youth
13116 NE 132nd Street
Kirkland
,
WA
980342306
PC
Further Charitable Goals
5,000
Get Schooled Foundation
1515 Broadway
30th Floor
New York
,
NY
10011
PC
Further Charitable Goals
800,000
GlobalGiving Foundation
1110 Vermont Avenue NW
SUITE 550
Washington
,
DC
20005
PC
Further Charitable Goals
10,000
GreaterGood
600 University Street
SUITE 1000
Seattle
,
WA
98101
PC
Further Charitable Goals
5,000
Hands In 4 Youth
256 Macopin Road
West Milfo Road
,
NJ
07480
PC
Further Charitable Goals
25,000
Harlem Village Academies
35 West 124th
5th Floor
New York
,
NY
10027
PC
Further Charitable Goals
15,000
Hopelink
PO Box 3577
Redmond
,
WA
98073
PC
Further Charitable Goals
5,000
Horn of Africa Services
5303 Rainier Avenue South
Suite D
Seattle
,
WA
98118
PC
Further Charitable Goals
3,000
Human Rights Watch Inc
350 Fifth Avenue
34th Floor
New York
,
NY
10118
PC
Further Charitable Goals
25,000
Humane Society Of The US
1255 23rd Street NW
Suite 450
Washington
,
DC
20037
PC
Further Charitable Goals
5,000
Jewish Family Services
1601 16th Avenue
Seattle
,
WA
98122
PC
Further Charitable Goals
200,000
Kitsap Humane Society
9167 Dickey Road NW
Silverdale
,
WA
98383
PC
Further Charitable Goals
5,000
Lily's Place
PO Box 2
Huntington
,
WV
25706
PC
Further Charitable Goals
10,000
Marys Place Seattle
PO Box 1711
Seattle
,
WA
981111711
PC
Further Charitable Goals
5,000
Mayo Clinic
200 First Street SW
Rochester
,
MN
55905
PC
Further Charitable Goals
989,599
Mercy Corps
PO Box 80020
Dept W
Prescott
,
AZ
86304
PC
Further Charitable Goals
30,000
Military Spouse Corporate Career Network
5445 Murrell Road
Suite 102-177
Viera
,
FL
32955
PC
Further Charitable Goals
125,000
Multi Service Center
PO Box 23699
Federal Way
,
WA
98093
PC
Further Charitable Goals
5,000
National Network For Youth
741 8th Street SE
Washington
,
DC
20003
PC
Further Charitable Goals
2,500
Neighborhood House
1225 South Weller Street
Suite 510
Seattle
,
WA
98144
PC
Further Charitable Goals
5,000
New Beginnings
PO Box 75125
Seattle
,
WA
981750125
PC
Further Charitable Goals
5,000
New Horizons Ministries
2709 Third Avenue
Seattle
,
WA
98121
PC
Further Charitable Goals
5,000
New Venture Fund
1201 Connecticut Avenue NW
Suite 300
Washington
,
DC
20036
PC
Further Charitable Goals
502,477
Nexus (Auburn Youth Resources)
1000 Auburn Way S
Auburn
,
WA
98002
PC
Further Charitable Goals
5,000
Northwest Harvest
PO Box 12272
Seattle
,
WA
98102
PC
Further Charitable Goals
155,000
Northwest Wine Benefit Foundation
1000 Second Avenue
Suite 1700
Seattle
,
WA
98104
PC
Further Charitable Goals
100,000
PAWS
PO Box 1037
Lynnwood
,
WA
98046
PC
Further Charitable Goals
2,500
Peak Grantmaking
1666 K Street NW
Suite 440
Washington
,
DC
20006
PC
Further Charitable Goals
905
Pike Place Market Foundation
93 Pike Street
Seattle
,
WA
98101
PC
Further Charitable Goals
10,000
Pilchuck Glass School
240 2nd Avenue S
Suite 100
Seattle
,
WA
98104
PC
Further Charitable Goals
25,000
PitCCh In Foundation
PO Box 38
Alpine
,
NJ
07620
PC
Further Charitable Goals
50,000
Plymouth Housing Group
2113 3rd Avenue
Seattle
,
WA
98121
PC
Further Charitable Goals
30,000
PsychArmor
6215 Ferris Square
Suite 205
San Diego
,
CA
92121
PC
Further Charitable Goals
39,568
Rainier Valley Food Bank
4205 Rainier Avenue S
Seattle
,
WA
98118
PC
Further Charitable Goals
5,000
Refugee Women's Alliance
4008 Martin Luther King Jr Way S
Seattle
,
WA
981081623
PC
Further Charitable Goals
5,000
Restore Assemble Produce (RAP)
407 West Gowe Street
Kent
,
WA
98032
PC
Further Charitable Goals
2,500
Robin Hood Foundation
826 Broadway
9th Floor
New York
,
NY
10003
PC
Further Charitable Goals
175,000
Roots Young Adult Shelter
1415 NE 43rd Street
Seattle
,
WA
98105
PC
Further Charitable Goals
5,000
SBP USA
2645 Toulouse Street
New Orleans
,
LA
70119
PC
Further Charitable Goals
20,000
Schools For Salone
PO Box 25314
Seattle
,
WA
981652214
PC
Further Charitable Goals
10,000
Seattle Foundation
1601 Fifth Avenue
Suite 1900
Seattle
,
WA
981013151
PC
Further Charitable Goals
250,000
Seattle Humane Society
13212 SE Eastgate Way
Bellevue
,
WA
98005
PC
Further Charitable Goals
5,000
Seattle Opera
363 Mercer Street
Seattle
,
WA
98109
PC
Further Charitable Goals
5,000
Seattle Public Library Foundation
1000 4th Avenue
Seattle
,
WA
98104
PC
Further Charitable Goals
10,000
Seattle University
901 12th Avenue
Seattle
,
WA
981221090
PC
Further Charitable Goals
99,000
Service Year Exchange Inc
1400 Eye Street NW
Suite 900
Washington
,
DC
20005
PC
Further Charitable Goals
250,000
Social Science Research Council
300 Cadman Plaza West
Floor 15
Brooklyn
,
NY
11201
PC
Further Charitable Goals
160,000
StolenYouth
PO Box 296
Seattle
,
WA
98111
PC
Further Charitable Goals
45,000
Syracuse University
820 Comstock Avenue
Syracuse
,
NY
13244
PC
Further Charitable Goals
4,000,000
Team Rubicon
6171 Century Boulevard
Suite 310
Los Angeles
,
CA
90045
PC
Further Charitable Goals
30,000
Teens for Food Justice
33 West 60th Street
Suite 1211
New York
,
NY
10023
PC
Further Charitable Goals
10,000
The National Mentoring Partnership Inc
201 South Street
Suite 615
Boston
,
MA
02111
PC
Further Charitable Goals
750,000
Tragedy Assistance Program for Survivors
3033 Wilson Boulevard
Suite 630
Arlington
,
VA
22201
PC
Further Charitable Goals
200,000
Travis Manion Foundation
164 East State Street
Doylestown
,
PA
18901
PC
Further Charitable Goals
10,000
TreeHouse
2100 24th Avenue South
Suite 200
Seattle
,
WA
981444643
PC
Further Charitable Goals
10,000
TSNE Mission Works
89 South Street
Suite 700
Boston
,
MA
02111
PC
Further Charitable Goals
357,420
Tukwila Riverton Park United Methodist Church
3118 S 140th Street
Tukwila
,
WA
98168
PC
Further Charitable Goals
5,000
University of San Diego
5998 Alcala Park
San Diego
,
CA
92110
PC
Further Charitable Goals
100,000
University of Washington
4333 Brooklyn Ave NE
Box 359505
Seattle
,
WA
981959505
GOV
Further Charitable Goals
989,599
Washington State Health Care Authority
401 5th Avenue
Suite 500
Seattle
,
WA
98104
GOV
Further Charitable Goals
118,000
Wayne State University
42 W Warren Avenue
Detroit
,
MI
48202
GOV
Further Charitable Goals
100,000
Wellspring Family Services
1900 Rainier Avenue South
Seattle
,
WA
98144
PC
Further Charitable Goals
5,000
White Center Food Bank
10829 8th Ave SW
Seattle
,
WA
98146
PC
Further Charitable Goals
5,000
Wings of Rescue
PO Box 6045
La Quinta
,
CA
92248
PC
Further Charitable Goals
5,000
World Central Kitchen
655 New York Ave NW
6th Floor
Washington
,
DC
20001
PC
Further Charitable Goals
20,000
YMCA Of Greater Seatte
909 4th Ave
Seattle
,
WA
98104
PC
Further Charitable Goals
12,500
YWCA of Seattle - King County - Snohomish County
1118 Fifth Ave
Seattle
,
WA
98101
PC
Further Charitable Goals
7,500
Youth Eastside Services
999 164th Avenue NE
Bellevue
,
WA
98008
PC
Further Charitable Goals
5,000
Youth Radio
1701 Broadway
Oakland
,
CA
94612
PC
Further Charitable Goals
100,000
Youthcare
2500 NE 54th Street
Seattle
,
WA
98105
PC
FURTHER CHARITABLE GOALS
7,500
Total
.................................
3a
14,578,738
b
Approved for future payment
Total
.................................
3b
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
...........
4
Dividends and interest from securities
....
14
4,032,303
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
.....
8
Gain or (loss) from sales of assets other than
inventory
............
18
333,978
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)
..
4,366,281
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
4,366,281
(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.)
1
Please note that this filing does not reflect the Schultz familys total financial investment in projects supporting Opportunity Youth and Post-9/11 veterans nor its total responsive giving. In addition to distributions from the Schultz Family Foundation, additional funding from the Schultz family is directed through a donor advised fund. For more information, please contact the Schultz Family Foundation at info@schultzfamilyfoundation.org.
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