-
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
12-01-2019
, and ending
11-30-2020
Name of foundation
WALTER AND KARLA GOLDSCHMIDT FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)
465 LAKESIDE TERRACE
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
GLENCOE
,
IL
60022
A Employer identification number
23-7410867
B
Telephone number (see instructions)
(847) 835-4655
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)
$
33,962,719
J
Accounting method:
Cash
Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)
Part I
Analysis of Revenue and Expenses
(The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)
(a)
Revenue and
expenses per
books
(b)
Net investment
income
(c)
Adjusted net
income
(d)
Disbursements
for charitable
purposes
(cash basis only)
1
Contributions, gifts, grants, etc., received (attach schedule)
2
Check
.............
3
Interest on savings and temporary cash investments
27
27
4
Dividends and interest from securities
...
635,979
635,979
5a
Gross rents
............
b
Net rental income or (loss)
6a
Net gain or (loss) from sale of assets not on line 10
3,562,474
b
Gross sales price for all assets on line 6a
49,725,859
7
Capital gain net income (from Part IV, line 2)
...
3,562,474
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
........
4,198,480
4,198,480
13
Compensation of officers, directors, trustees, etc.
0
0
0
14
Other employee salaries and wages
......
15
Pension plans, employee benefits
.......
16a
Legal fees (attach schedule)
.........
b
Accounting fees (attach schedule)
.......
9,599
599
9,000
c
Other professional fees (attach schedule)
....
364,121
364,121
0
17
Interest
...............
1,275
1,275
0
18
Taxes (attach schedule) (see instructions)
...
25,978
0
0
19
Depreciation (attach schedule) and depletion
...
20
Occupancy
..............
21
Travel, conferences, and meetings
.......
22
Printing and publications
..........
23
Other expenses (attach schedule)
.......
547
41
480
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
401,520
366,036
9,480
25
Contributions, gifts, grants paid
.......
2,546,962
2,546,962
26
Total expenses and disbursements.
Add lines 24 and 25
2,948,482
366,036
2,556,442
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
1,249,998
b
Net investment income
(if negative, enter -0-)
3,832,444
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
.............
365,121
488,839
488,839
2
Savings and temporary cash investments
.........
1,229,760
2,608,468
2,608,468
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)
.......
25,105,862
25,585,367
30,255,295
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)
..........
990,379
567,568
567,568
14
Land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
15
Other assets (describe
)
27,553
42,549
42,549
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
27,718,675
29,292,791
33,962,719
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
........
27,355,017
27,718,675
27
Paid-in or capital surplus, or land, bldg., and equipment fund
0
0
28
Retained earnings, accumulated income, endowment, or other funds
363,658
1,574,116
29
Total net assets or fund balances
(see instructions)
.....
27,718,675
29,292,791
30
Total liabilities and net assets/fund balances
(see instructions)
.
27,718,675
29,292,791
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
27,718,675
2
Enter amount from Part I, line 27a
.....................
2
1,249,998
3
Other increases not included in line 2 (itemize)
3
324,118
4
Add lines 1, 2, and 3
..........................
4
29,292,791
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
29,292,791
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
MOTORS LIQ CO GUC TR UBI
P
2012-06-12
2020-05-27
b
GAIN FROM PASS-THROUGH ENTITY - MK CAPITAL II, LP
P
2018-12-31
2019-12-31
c
ALTRIA GROUP INC
P
2019-06-24
2019-12-23
d
BIOGEN INC
P
2019-04-10
2019-12-23
e
BRISTOL MYERS SQUIBB CO
P
2019-03-18
2019-12-23
INTEL CORP
P
2019-06-24
2019-12-23
MERCK & COMPANY INC NEW
D
2019-11-18
2019-12-23
PHILIP MORRIS INTL INC
P
2019-06-24
2019-12-23
POLARIS INC
P
2019-09-23
2019-12-23
WELLS FARGO & CO NEW
P
2019-06-24
2019-12-23
ALTRIA GROUP INC
P
2019-06-24
2020-03-24
AMAZON.COM INC
P
2019-09-23
2020-03-24
BERKSHIRE HATHAWAY B NEW
P
2019-06-24
2020-03-24
BIOGEN INC
P
2019-04-10
2020-03-24
CHENIERE ENERGY INC NEW
P
2019-12-23
2020-03-24
CORTEVA INC
P
2019-09-23
2020-03-24
GILEAD SCIENCES INC
P
2019-09-23
2020-03-24
INTEL CORP
P
2019-06-24
2020-03-24
KELLOGG CO
P
2019-12-23
2020-03-24
MCDONALDS CORP
P
2019-12-23
2020-03-24
MERCK & COMPANY INC NEW
P
2019-11-18
2020-03-24
PFIZER INC
P
2019-09-23
2020-03-24
SALESFORCE.COM INC
P
2019-06-24
2020-03-24
VEEVA SYS INC CL A
P
2019-09-23
2020-03-24
YUM CHINA HOLDINGS
P
2019-09-23
2020-03-24
CARRIER GLOBAL CORP
P
2020-03-24
2020-04-06
OTIS WORLDWIDE CORP
P
2020-03-24
2020-04-08
AMERN EXPRESS CO
P
2020-03-24
2020-06-22
APPLIED MATERIALS INC
P
2020-03-24
2020-06-22
BLACKBAUD INC
P
2019-12-23
2020-06-22
BOEING COMPANY
P
2020-03-24
2020-06-22
CATERPILLAR INC
P
2019-09-23
2020-06-22
CONSTELLATION BRANDS A
P
2020-03-24
2020-06-22
EMERSON ELECTRIC CO
P
2020-03-24
2020-06-22
GENERAL DYNAMICS CORP
P
2020-03-24
2020-06-22
HARLEY DAVIDSON INC
P
2020-03-24
2020-06-22
MASCO CORP
P
2020-03-24
2020-06-22
MICROCHIP TECHNOLOGY INC
P
2020-03-24
2020-06-22
OTIS WORLDWIDE CORP
P
2020-03-24
2020-06-22
POLARIS INC
P
2020-03-24
2020-06-22
RAYTHEON TECHS CORP
P
2020-03-24
2020-06-22
YUM BRANDS INC
P
2019-12-23
2020-06-22
ZIMMER BIOMET HLDGS INC
P
2020-03-24
2020-06-22
ALTRIA GROUP INC
P
2020-06-22
2020-09-21
BANK AMERICA CORP
P
2020-06-22
2020-09-21
BERKSHIRE HATHAWAY B NEW
P
2020-06-22
2020-09-21
BIOGEN INC
P
2020-06-22
2020-09-21
BRISTOL MYERS SQUIBB CO
P
2020-06-22
2020-09-21
COMCAST CORP A NEW
P
2020-06-22
2020-09-21
CONSTELLATION BRANDS A
P
2020-03-24
2020-09-21
CORTEVA INC
P
2020-09-23
2020-09-21
HARLEY DAVIDSON INC
P
2020-03-24
2020-09-21
MERCK & COMPANY INC NEW
P
2020-06-22
2020-09-21
PFIZER INC
P
2020-06-22
2020-09-21
RAYTHEON TECHS CORP
P
2020-09-21
2020-09-21
SCHWAB CHARLES CORP
P
2020-09-21
2020-09-21
U S BANCORP DE NEW
P
2020-09-21
2020-09-21
ZIMMER BIOMET HLDGS INC
P
2020-03-24
2020-09-21
CATERPILLAR INC
P
2018-12-17
2019-12-23
MICROCHIP TECHNOLOGY INC
P
2018-09-14
2019-12-23
WELLS FARGO & CO NEW
P
2018-09-24
2019-12-23
AMAZON.COM INC
P
2018-12-17
2020-03-24
KELLOGG CO
P
2018-12-17
2020-03-24
CATERPILLAR INC
P
2018-12-17
2020-06-22
COMPASS MINRLS INTL INC
P
2017-06-19
2020-09-21
PHILIP MORRIS INTL INC
P
2019-06-24
2020-09-21
C EXAS 032020 100
P
2019-10-29
2020-01-09
P LNG 061920 45
P
2020-03-16
2020-03-04
INTRA-CELLULAR THERAPIES
P
2020-08-21
2020-08-24
C BIIB 011521 280
P
2020-09-21
2020-09-29
C SCHW 011521 35
P
2020-07-24
2020-10-01
C BIIB 011521 170
P
2020-08-21
2020-11-10
C RTX 021921 65
P
2020-10-22
2020-11-09
CALL JAZZ
P
2020-02-25
2019-11-22
JAZZ PHARMACEUTICALS PLC
P
2019-03-18
2020-02-26
CALL ITCI
P
2020-11-20
2020-09-10
AMARIN CORP PLC AMERICAN
P
2018-10-18
2020-02-26
MERCK & CO INC NEW COM - INHERITED
D
2011-08-08
2020-02-26
AMARIN CORP PLC AMERICAN
P
2018-10-18
2020-03-26
IONIS PHARMACEUTICALS INC
P
2012-11-07
2020-03-17
JAZZ PHARMACEUTICALS PLC
P
2019-03-18
2020-03-26
NEKTAR THERAPEUTICS
P
2013-09-10
2020-03-26
VANGUARD INDEX FDS S
P
2019-11-06
2020-03-26
VANGUARD INDEX FDS S
P
2015-08-12
2020-03-27
(e)
Gross sales price
(f)
Depreciation allowed
(or allowable)
(g)
Cost or other basis
plus expense of sale
(h)
Gain or (loss)
(e) plus (f) minus (g)
a
1,300
1,300
b
65,756
-65,756
c
155,520
147,844
7,676
d
160,518
128,073
32,445
e
1,365,597
1,059,966
305,631
58,282
46,813
11,469
178,747
164,456
14,291
92,779
85,028
7,751
1,216,656
1,085,097
131,559
112,261
97,884
14,377
751,193
1,113,692
-362,499
247,739
229,908
17,831
941,908
1,116,130
-174,222
1,109,149
965,250
143,899
605,426
1,213,193
-607,767
18,905
24,542
-5,637
1,336,091
1,191,605
144,486
1,075,156
974,007
101,149
39,049
48,797
-9,748
945,850
1,213,020
-267,170
903,293
1,116,832
-213,539
904,105
1,129,545
-225,440
1,098,762
1,137,091
-38,329
1,216,057
1,276,802
-60,745
1,059,517
1,146,065
-86,548
181,657
176,978
4,679
22
22
0
1,186,398
941,173
245,225
1,259,443
938,248
321,195
1,137,306
1,414,689
-277,383
208,530
136,476
72,054
283,036
241,555
41,481
232,453
153,363
79,090
1,324,013
950,576
373,437
70,102
51,325
18,777
91,611
68,466
23,145
1,494,529
964,793
529,736
1,332,368
950,201
382,167
323,809
247,501
76,308
1,934,495
940,467
994,028
624,671
536,427
88,244
1,255,525
1,361,709
-106,184
70,940
51,979
18,961
306,417
316,969
-10,552
1,202,666
1,236,460
-33,794
1,442,232
1,240,260
201,972
371,167
368,450
2,717
1,260,557
1,232,145
28,412
1,396,861
1,234,363
162,498
1,260,468
818,053
442,415
400,530
409,621
-9,091
293,155
228,079
65,076
1,322,444
1,231,628
90,816
1,329,805
1,237,761
92,044
253,782
233,751
20,031
290,787
305,411
-14,624
278,201
298,233
-20,032
446,615
301,586
145,029
39,601
34,088
5,513
1,254,501
992,531
261,970
1,079,922
1,090,754
-10,832
1,054,333
851,704
202,629
932,403
1,008,740
-76,337
941,325
956,891
-15,566
568,822
695,120
-126,298
428,841
439,744
-10,903
153,997
63,550
90,447
16,800
87,500
-70,700
179,988
165,001
14,987
71,998
44,600
27,398
65,999
54,000
11,999
58,999
49,000
9,999
71,998
48,750
23,248
46,102
2,925
43,177
116,877
134,750
-17,873
49,999
49,999
162,796
203,136
-40,340
193,772
85,916
107,856
606,123
683,577
-77,454
393,450
70,623
322,827
350,158
471,625
-121,467
346,072
266,701
79,371
1,425
1,712
-287
79,103
64,333
14,770
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-)
or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69
(j)
Adjusted basis
as of 12/31/69
(k)
Excess of col. (i)
over col. (j), if any
a
1,300
b
-65,756
c
7,676
d
32,445
e
305,631
11,469
14,291
7,751
131,559
14,377
-362,499
17,831
-174,222
143,899
-607,767
-5,637
144,486
101,149
-9,748
-267,170
-213,539
-225,440
-38,329
-60,745
-86,548
4,679
0
245,225
321,195
-277,383
72,054
41,481
79,090
373,437
18,777
23,145
529,736
382,167
76,308
994,028
88,244
-106,184
18,961
-10,552
-33,794
201,972
2,717
28,412
162,498
442,415
-9,091
65,076
90,816
92,044
20,031
-14,624
-20,032
145,029
5,513
261,970
-10,832
202,629
-76,337
-15,566
-126,298
-10,903
90,447
-70,700
14,987
27,398
11,999
9,999
23,248
43,177
-17,873
49,999
-40,340
107,856
-77,454
322,827
-121,467
79,371
-287
14,770
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
3,562,474
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
2,044,725
27,937,757
0.073189
2017
1,862,455
28,850,273
0.064556
2016
1,678,836
27,189,036
0.061747
2015
1,495,771
24,635,071
0.060717
2014
1,406,703
26,488,061
0.053107
2
Total
of line 1, column (d)
.....................
2
0.313316
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
0.062663
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5
......
4
29,592,536
5
Multiply line 4 by line 3
......................
5
1,854,357
6
Enter 1% of net investment income (1% of Part I, line 27b)
...........
6
38,324
7
Add lines 5 and 6
........................
7
1,892,681
8
Enter qualifying distributions from Part XII, line 4
,.............
8
2,556,442
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
38,324
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
38,324
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
38,324
6
Credits/Payments:
a
2019 estimated tax payments and 2018 overpayment credited to 2019
6a
42,549
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
42,549
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
4,225
11
Enter the amount of line 10 to be:
Credited to 2020 estimated tax
4,225
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)
IL
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
N/A
14
The books are in care of
SUSAN GOLDSCHMIDT
Telephone no.
(847) 835-4655
Located at
465 LAKESIDE TERRACE
GLENCOE
IL
ZIP+4
60022
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
SUSAN GOLDSCHMIDT
PRESIDENT
30.00
0
0
0
465 LAKESIDE TERRACE
GLENCOE
,
IL
60022
SUSAN GOLDSCHMIDT
SECRETARY
0.00
0
0
0
465 LAKESIDE TERRACE
GLENCOE
,
IL
60022
SUSAN GOLDSCHMIDT
DIRECTOR
0.00
0
0
0
465 LAKESIDE TERRACE
GLENCOE
,
IL
60022
MILES TAUB
VICE PRESIDENT
40.00
0
0
0
465 LAKESIDE TERRACE
GLENCOE
,
IL
60022
MILES TAUB
DIRECTOR
0.00
0
0
0
465 LAKESIDE TERRACE
GLENCOE
,
IL
60022
MILES TAUB
TREASURER
0.00
0
0
0
465 LAKESIDE TERRACE
GLENCOE
,
IL
60022
JAMES GOLDSCHMIDT
DIRECTOR
0.00
0
0
0
404 3RD STREET SE
WASHINGTON
,
DC
20003
JANE DEAL
DIRECTOR
0.00
0
0
0
411 LUPINE WAY
VENTURA
,
CA
93001
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
NONE
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
NONE
0
2
3
4
Part IX-B
Summary of Program-Related Investments
(see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.
Amount
1
NONE
0
2
All other program-related investments. See instructions.
3
0
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
26,849,260
b
Average of monthly cash balances
.......................
1b
2,583,807
c
Fair market value of all other assets (see instructions)
................
1c
610,117
d
Total
(add lines 1a, b, and c)
.........................
1d
30,043,184
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
30,043,184
4
Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
instructions)
.............................
4
450,648
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3. Enter here and on Part V, line 4
5
29,592,536
6
Minimum investment return.
Enter 5% of line 5
..................
6
1,479,627
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
1,479,627
2a
Tax on investment income for 2019 from Part VI, line 5
......
2a
38,324
b
Income tax for 2019. (This does not include the tax from Part VI.)
...
2b
c
Add lines 2a and 2b
............................
2c
38,324
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
1,441,303
4
Recoveries of amounts treated as qualifying distributions
................
4
0
5
Add lines 3 and 4
............................
5
1,441,303
6
Deduction from distributable amount (see instructions)
.................
6
0
7
Distributable amount
as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1
...
7
1,441,303
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
2,556,442
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
2,556,442
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
38,324
6
Adjusted qualifying distributions.
Subtract line 5 from line 4
..............
6
2,518,118
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
1,441,303
2
Undistributed income, if any, as of the end of 2019:
a
Enter amount for 2018 only
.......
0
b
Total for prior years:
20
,
20
,
20
0
3
Excess distributions carryover, if any, to 2019:
a
From 2014
......
96,258
b
From 2015
......
305,709
c
From 2016
......
385,116
d
From 2017
......
496,055
e
From 2018
......
699,793
f
Total
of lines 3a through e
........
1,982,931
4
Qualifying distributions for 2019 from Part
XII, line 4:
$
2,556,442
a
Applied to 2018, but not more than line 2a
0
b
Applied to undistributed income of prior years
(Election required—see instructions)
.....
0
c
Treated as distributions out of corpus (Election
required—see instructions)
........
0
d
Applied to 2019 distributable amount
.....
1,441,303
e
Remaining amount distributed out of corpus
1,115,139
5
Excess distributions carryover applied to 2019.
0
0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6
Enter the net total of each column as
indicated below:
a
Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
3,098,070
b
Prior years’ undistributed income. Subtract
line 4b from line 2b
..........
0
c
Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed
......
0
d
Subtract line 6c from line 6b. Taxable amount
—see instructions
...........
0
e
Undistributed income for 2018. Subtract line
4a from line 2a. Taxable amount—see
instructions
.............
0
f
Undistributed income for 2019. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2020
..........
0
7
Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions)
.......
0
8
Excess distributions carryover from 2014 not
applied on line 5 or line 7 (see instructions)
...
96,258
9
Excess distributions carryover to 2020.
Subtract lines 7 and 8 from line 6a
......
3,001,812
10
Analysis of line 9:
a
Excess from 2015
....
305,709
b
Excess from 2016
....
385,116
c
Excess from 2017
....
496,055
d
Excess from 2018
....
699,793
e
Excess from 2019
....
1,115,139
Form
990-PF
(2019)
Form 990-PF (2019)
Page
10
Part XIV
Private Operating Foundations
(see instructions and Part VII-A, question 9)
1a
If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2019, enter the date of the ruling
.......
b
Check box to indicate whether the organization is a private operating foundation described in section
4942(j)(3)
or
4942(j)(5)
2a
Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part X for each
year listed
..........
Tax year
Prior 3 years
(e) Total
(a)
2019
(b)
2018
(c)
2017
(d)
2016
b
85% of line 2a
.........
c
Qualifying distributions from Part XII,
line 4 for each year listed
.....
d
Amounts included in line 2c not used directly
for active conduct of exempt activities
..........
e
Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c
....
3
Complete 3a, b, or c for the
alternative test relied upon:
a
“Assets" alternative test—enter:
(1)
Value of all assets
......
(2)
Value of assets qualifying
under section 4942(j)(3)(B)(i)
b
“Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part X, line 6 for each year listed
...
c
“Support" alternative test—enter:
(1)
Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties)
....
(2)
Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii)
....
(3)
Largest amount of support
from an exempt organization
(4)
Gross investment income
Part XV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1
Information Regarding Foundation Managers:
a
List any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
b
List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2
Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here
if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
a
The name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
WALTER AND KARLA GOLDSCHMIDT FND
465 LAKESIDE TERRACE
GLENCOE
,
IL
60022
(847) 835-4655
b
The form in which applications should be submitted and information and materials they should include:
WRITTEN, NO SPECIFIC REQUIREMENTS
c
Any submission deadlines:
NONE
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
NONE
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
A NEW WAY OF LIFE REENTRY PROJECT
PO BOX 875288
LOS ANGELES
,
CA
90087
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
5,000
A SILVER LINING FOUNDATION
134 LASALLE ST 1218
CHICAGO
,
IL
60602
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
5,000
ADLER PLANETARIUM
1300 S LAKE SHORE DR
CHICAGO
,
IL
60605
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
400
ADOPTION CENTER OF ILLINOIS
5828 N CLARK STREET
CHICAGO
,
IL
60660
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
5,000
ADVANCE ILLINOIS
303 E WACKER DR SUITE 500
CHICAGO
,
IL
60601
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
35,000
AFRICAN WILDLIFE FOUNDATION
1100 NEW JERSEY AVE SE 900
WASHINGTON
,
DC
20003
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
1,000
AMERICAN FILM INSTITUTE
2021 N WESTERN AVE
LOS ANGELES
,
CA
90027
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
2,000
AMERICAN RED CROSS
2200 W HARRISON ST
CHICAGO
,
IL
60612
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
20,000
ANACOSTIA WATERSHED SOCIETY
4302 BALTIMORE AVENUE
BLADENSBURG
,
MD
20710
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
1,000
ANIMAL WELFARE LEAGUE OF ARLINGTON VA
2650 S ARLINGTON MILL DR
ARLINGTON
,
VA
22206
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
2,000
ARRUPE COLLEGE OF LOYOLA UNIVERSITY CHICAGO
1 E PEARSON ST
CHICAGO
,
IL
60611
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
10,000
ART ENCOUNTER
927 NOYES STREET 222
EVANSTON
,
IL
60201
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
3,000
BALLET THEATER FOUNDATION
890 BROADWAY 3RD FLOOR
NEW YORK
,
NY
10003
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
1,000
BITGIVE FOUNDATION
PO BOX 1697
TRUCKEE
,
CA
96160
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
10,000
BOWERS MUSEUM
2002 NORTH MAIN STREET
SANTA ANA
,
CA
92706
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
600
BOYS & GIRLS CLUB OF AMERICA
65 W JACKSON BLVD
CHICAGO
,
IL
60604
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
100,000
BOYS & GIRLS CLUB OF GREATER SHASTA
803 CEDAR STREET
MOUNT SHASTA
,
CA
96067
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
214,500
BOYS & GIRLS CLUB OF GREATER VENTURA
6020 NICOLLE STREET
VENTURA
,
CA
93003
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
20,000
BOYS & GIRLS CLUB OF THE REDWOODS
3117 PROSPECT AVE
EUREKA
,
CA
95503
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
20,000
BOYS & GIRLS CLUB OF THE SISKIYOUS
PO BOX 223
MOUNT SHASTA
,
CA
96067
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
26,462
BOYS & GIRLS CLUB OF WSAN GABRIEL VALLEY
328 S RAMONA AVE
MONTEREY PARK
,
CA
91754
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
30,000
BOYS & GIRLS CLUB OF WEST VALLEY
7245 REMMET AVENUE
CANOGA PARK
,
CA
91303
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
30,000
BOYS & GIRLS CLUBS OF SANTA CLARA VALLEY
PO BOX 152
SANTA PAULA
,
CA
93061
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
20,000
BREAD FOR THE CITY
1525 7TH ST NW 3201
WASHINGTON
,
DC
20001
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
2,000
CALIFORNIA COMMUNITY FOUNDATION
221 S FIGUEROA ST SUITE 400
LOS ANGELES
,
CA
90012
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
50,000
CAPITAL AREA FOOD BANK
4900 PUERTO RICO AVE NE
WASHINGTON
,
DC
20017
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
1,000
CAPITOL HILL VILLAGE
725 8TH STREET SE 2ND FLOOR
WASHINGTON
,
DC
20003
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
500
CBO COLLEGE BOUND OPPORTUNITIES
2033 N MILWAUKEE AVENUE SUITE 246
RIVERWOODS
,
IL
60015
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
5,000
CHESAPEAKE NATIVES INC
9640 ROSARYVILLE RD
UPPER MARLBORO
,
MD
20772
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
1,500
CHICAGO ARCHITECTURE FOUNDATION
111 E WACKER DRIVE
CHICAGO
,
IL
60601
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
1,500
CHICAGO BOTANIC GARDEN
1000 LAKE COOK ROAD
GLENCOE
,
IL
60022
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
41,500
CHICAGO FOUNDATION FOR WOMEN
140 S DEARBORN ST 400
CHICAGO
,
IL
60603
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
15,000
CHICAGO HISTORY MUSEUM
1601 NORTH CLARK STREET
CHICAGO
,
IL
606149963
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
1,500
CHICAGO PUBLIC MEDIA
848 E GRAND AVE
CHICAGO
,
IL
60611
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
50,000
CHICAGO SYMPHONY ORCHESTRA
220 S MICHIGAN AVENUE
CHICAGO
,
IL
606049860
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
50,000
COLUMBIA COLLEGE CHICAGO
600 S MICHIGAN AVE
CHICAGO
,
IL
60605
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
100,000
CONSUMER REPORTS FOUNDATION
101 TRUMAN AVE
YONKERS
,
NY
10703
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
1,000
DRIEHAUS MUSEUM
40 E ERIE ST
CHICAGO
,
IL
60611
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
500
ENVIRONMENTAL LAW & POLICY CENTER
35 E WACKER ST STE 1600
CHICAGO
,
IL
60601
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
1,000
EXPERIMENTAL SOUND STUDIO
5925 N RAVENSWOOD AVE
CHICAGO
,
IL
60660
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
15,000
FAMILY SERVICE OF GLENCOE
325 HAZEL AVE
GLENCOE
,
IL
60022
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
1,000
FOOD & FRIENDS
219 RIGGS ROAD NE
WASHINGTON
,
DC
20011
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
128,000
FOOD ANIMALS CONCERNS TRUST
3525 W PETERSON AVE SUITE 213
CHICAGO
,
IL
606593314
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
60,000
FRIENDS OF THE GREEN BAY TRAIL
278 MARY STREET
WINNETKA
,
IL
60093
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
5,000
FRIENDS OF THE US BOTANIC GARDEN
245 FIRST ST SW
WASHINGTON
,
DC
20515
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
1,000
GOAT IN THE ROAD PRODUCTIONS
3030 ST CLAUDE AVE
NEW ORLEANS
,
LA
70117
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
7,500
GREATER CHICAGO FOOD DEPOSITORY
4100 W ANN LURIE PL
CHICAGO
,
IL
60632
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
250,000
GREYHOUNDS ONLY
335 E GENEVA ROAD 173
CAROL STREAM
,
IL
60188
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
5,000
HILL CENTER AT THE OLD NAVAL HOSPITAL
921 PENNSYLVANIA AVE SE
WASHINGTON
,
DC
20003
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
1,000
HUMANE RESCUE ALLIANCE
1201 NEW YORK AVE NE
WASHINGTON
,
DC
20002
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
1,500
HYDE PARK ART CENTER
5020 S CORNELL AVE
CHICAGO
,
IL
60615
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
50,000
INJUSTICE WATCH
55 E JACKSON BLVD SUITE 640
CHICAGO
,
IL
60604
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
50,000
JAMES SMITHSON SOCIETY
1000 JEFFERSON DR SW 4TH FLOOR
WASHINGTON
,
DC
20560
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
5,000
KCRW MEMBERSHIP DEPARTMENT
1900 PICO BLVD
SANTA MONICA
,
CA
90405
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
5,000
LINCOLN PARK ZOO
2001 N CLARK ST
CHICAGO
,
IL
60614
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
200
MILLENNIUM FILM JOURNAL
119 WEST 22ND ST FL 3
NEW YORK
,
NY
10011
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
3,000
MOSAIC THEATER COMPANY OF DC
1333 H STREET NE
WASHINGTON
,
DC
20002
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
35,000
MOUNT SHASTA BIOREGIONAL ECOLOGY CENTER
PO BOX1143
MOUNT SHASTA
,
CA
96067
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
14,000
MUSEUM OF CONTEMPORARY ART
220 EAST CHICAGO AVENUE
CHICAGO
,
IL
60611
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
2,500
MUSEUM OF MODERN ART
220 EAST CHICAGO AVENUE
CHICAGO
,
IL
60611
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
500
NAMI CHICAGO
1801 W WARNER AVE SUITE 202
CHICAGO
,
IL
60613
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
10,000
NATIONAL AIR AND SPACE MUSEUM
6TH ST S W
WASHINGTON
,
DC
200777349
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
1,000
NATIONAL ARCHIVES FOUNDATION
700 PENNSYLVANIA AVE NW
WASHINGTON
,
DC
20408
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
2,000
NATIONAL AUDUBON SOCIETY
225 VARICK ST
NEW YORK
,
NY
10014
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
500
NATIONAL BUILDING MUSEUM
401 F ST NW
WASHINGTON
,
DC
20001
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
1,000
NATIONAL MUSEUM OF THE AMERICAN INDIAN
PO BOX 23473
WASHINGTON
,
DC
200263473
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
1,000
NATIONAL MUSEUM OF WOMEN IN THE ARTS
1250 NEW YORK AVE NW
WASHINGTON
,
DC
200053970
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
1,000
NATIONAL PARKS CONSERVATION ASSOCIATION
777 6TH ST N STE 700
WASHINGTON
,
DC
20001
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
1,000
NATIONAL TRUST FOR HISTORIC PRESERVATION
2600 VIRGINIA AVE NW 1100
WASHINGTON
,
DC
20037
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
1,000
NOBLE NETWORK OF CHARTER SCHOOLS
1 N STATE ST 7
CHICAGO
,
IL
60602
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
125,000
NORTH LAWNDALE COLLEGE PREPARATORY CHATER
1615 N CHRISTIANA AVE
CHICAGO
,
IL
60623
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
15,000
NORTHWESTERN UNIVERSITY
1201 DAVIS STREET
EVANSTON
,
IL
60208
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
117,000
PARTNERSHIP FOR EDUCATIONAL PROGRESS
596 CRESCENT BLVD
GLEN ELLYN
,
IL
60137
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
2,500
PASADENA COMMUNITY FOUNDATION
301 E COLORADO BLVD 810
PASADENA
,
CA
91101
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
25,000
PEER SERVICES INC
906 DAVIS STREET
EVANSTON
,
IL
60201
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
2,000
PLANNED PARENTHOOD OF ILLINOIS
18 S MICHIGAN AVE 6TH FLOOR
CHICAGO
,
IL
60603
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
10,000
POTOMAC CONSERVANCY
PO BOX 8117
SILVER SPRING
,
MD
20907
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
1,000
PRIDE ROC CHICAGO
933 W VAN BUREN ST APT 408
CHICAGO
,
IL
606073582
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
500
PRINTED MATTER INC
231 11TH AVE
NEW YORK
,
IL
10001
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
2,000
PRITZKER COLLEGE PREP
4131 W CORTLAND ST
CHICAGO
,
IL
60639
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
20,000
PROJECT LIFELINE
465 LAKESIDE TERRACE
GLENCOE
,
IL
60022
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
150,000
PROJECT OPEN HAND
730 POLK STREET
SAN FRANCISCO
,
CA
94109
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
2,000
PROOF MEDIA FOR SOCIAL JUSTICE
601 W 26TH ST SUITE 325
NEW YORK
,
NY
10001
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
1,000
RAVINIA FESTIVAL ASSOCIATION
418 SHERIDAN RD
HIGHLAND PARK
,
IL
60035
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
35,000
ROGER BALDWIN FOUNDATION OF ACLU INC
150 N MICHIGAN AVE SUITE 600
CHICAGO
,
IL
60601
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
30,000
SAN JOSE MUSEUM OF ART
110 SOUTH MARKET STREET
SAN JOSE
,
CA
95113
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
10,000
SCHOOL OF THE ART INSTITUTE OF CHICAGO
116 S MICHIGAN AVENUE 5TH FLOOR
CHICAGO
,
IL
60603
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
15,000
SCOTTSDALE ARTS
7380 E 2ND ST
SCOTTSDALE
,
AZ
85251
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
27,500
SHEDD AQUARIUM
1200 SOUTH LAKE SHORE DRIVE
CHICAGO
,
IL
60605
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
400
SOCIETY OF AMERICAN BUSINESS EDITORS AND
555 N CENTRAL AVENUE SUITE 406E
PHOENIX
,
AZ
850041248
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
45,000
SOUND IMPACT
PO BOX 309
FAIRFAX STATION
,
VA
22039
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
1,000
STUDENT EXCELLENCE FOUNDATION
PO BOX 253
WHEATON
,
IL
60187
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
5,000
THE ART INSTITUTE OF CHICAGO
111 SOUTH MICHIGAN AVENUE
CHICAGO
,
IL
606036110
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
5,000
THE BAIL PROJECT
PO BOX 750
VENICE
,
CA
90294
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
5,000
THE FIELD MUSEUM
1200 S LAKE SHORE DR
CHICAGO
,
IL
606059966
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
1,500
THE FREEDON FORUM INSTITUTE INC
300 NEW JERSEY AVE NW SUITE 800
WASHINGTON
,
DC
20001
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
2,000
THE METROPOLITAN MUSEUM OF ART
1000 FIFTH AVENUE
NEW YORK
,
NY
100280198
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
300
THE NATIONAL WORLD WAR II MUSEUM
945 MAGAZINE ST
NEW ORLEANS
,
LA
70130
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
750
THE NATURE CONSERVANCY
400 N MICHIGAN AVE SUITE S1100
CHICAGO
,
IL
60611
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
2,000
THE PHILLIPS COLLECTION
1600 21ST ST NW
WASHINGTON
,
DC
20009
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
2,000
THE UCLA FOUNDATION
PO BOX 7145
PASADENA
,
CA
911099903
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
10,000
THREEWALLS
2738 W NORTH AVE STF
CHICAGO
,
IL
60647
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
10,000
UNIVERSITY OF CHICAGO CELIAC DISEASE CENT
5841 S MARYLAND AVE
CHICAGO
,
IL
60637
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
50,000
UNIVERSITY OF ILLINOIS FOUNDATION
1305 WEST GREEN STREET
URBANA
,
IL
61801
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
10,000
UTMOSTU
PO BOX 2222
GRAND RAPIDS
,
MI
495012222
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
35,000
VENTURA COUNTY ARTS COUNCIL
646 COUNTY SQUARE DR SUITE 154
VENTURA
,
CA
93003
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
5,000
WASHINGTON CHECKBOOK
1625 K STREET NW 8TH FLOOR
WASHINGTON
,
DC
20006
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
250
WASHINGTON UNIVERSITY IN STLOUIS
1 BROOKINGS DR
ST LOUIS
,
MO
63130
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
60,000
WETA
3939 CAMPBELL AVE
ARLINGTON
,
VA
22206
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
5,000
WFMT FINE ARTS CIRCLE
5400 N ST LOUIS AVE
CHICAGO
,
IL
606254680
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
5,000
WHITNEY MUSEUM OF AMERICAN ART
99 GANSEVOORT STREET
NEW YORK
,
NY
10014
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
600
WOLF TRAP FOUNDATION
1645 TRAP ROAD
VIENNA
,
VA
22182
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
3,000
WORLD FEDERATION OF YOUTH CLUBS
PO BOX 7206
CHARLOTTESVILLE
,
VA
22906
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
50,000
WRITERS THEATRE
321 PARK AVENUE
GLENCOE
,
IL
60022
PC
ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED
100,000
Total
.................................
3a
2,546,962
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
27
4
Dividends and interest from securities
....
14
635,979
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
............
14
3,562,474
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
4,198,480
0
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
4,198,480
(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