| Identifier | Return Reference | Explanation |
|---|---|---|
| IRC SECTION 507(B)(1)(B) STATUS TERMINATION: | FORM 990PF, PAGE 1, BOX F: | JANE ADDAMSLAND PARK FOUNDATION ("THE ORGANIZATION") IS IN A 60-MONTH TERMINATION UNDER SECTION 507(B)(1)(B) STARTING WTIH THE 2020 TAX YEAR. PLEASE SEE ATTACHED FOR A COPY OF THE IRS LETTER DATED MAY 24, 2020 FOR NOTIFICATION OF THE ADVANCED RULING. |
| FORM 990PF, PART XIII, UNDISTRIBUTED INCOME: | BECAUSE THE ORGANIZATION IS UNDER THE ADVANCED RULING (SEE STATEMENT 10), THE $178,496 ISN'T REQUIRED TO BE TREATED AS UNDISTRIBUTED INCOME DURING THE 60 MONTH TERMINATION PERIOD, AS LONG AS THE ORGANIZATION MEETS THE PUBLIC SUPPORT TEST IN ACCORDANCE WITH REGULATIONS 1.507-2(E)(1) AND (2). | |
| FORM 990PF, PART VI: | THE ORGANIZATION IS NOT SUBJECT TO THE NET INVESTMENT INCOME TAX FOR 2021 TAX YEAR BECAUSE IT IS UNDER AN ADVANCED RULING AND IN A 60-MONTH TERMINATION UNDER SECTION 507(B)(1)(B). THEREFORE, THE AMOUNT OF NET INVESTMENT TAX FOR 2021 IS ZERO, THE AMOUNT OF PENALTY FOR UNDERPAYMENT OF ESTIMATED TAX IS ZERO, THERE IS NO TAX DUE WITH THE 2021 FORM 990-PF AND THE AMOUNT OF OVERPAYMENT APPLIED TO THE 2022 TAX YEAR SHOULD BE $1,304. |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ARTISAN HIGH INCOME FUND - APHFX | 89,644 | 89,644 |
| VANGUARD REAL ESTATE - VNQ | 86,776 | 86,776 |
| PGIM TOTAL RETURN BOND CL R6 - PTRQX | 257,635 | 257,635 |
| ISHARES CORE U.S. AGGREGATE BOND - AGG | 274,476 | 274,476 |
| AMERICAN CENTURY HIGH INCOME FUND Y - NPHIX | 119,632 | 119,632 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| VANGUARD EQUITY INCOME ADM - VEIRX | 322,400 | 322,400 |
| VANGUARD GROWTH INDEX FUND ADM - VIGAX | 314,443 | 314,443 |
| INVESCO QQQ TRUST - QQQ | 168,688 | 168,688 |
| ISHARES CORE MSCI EAFE - IEFA | 167,343 | 167,343 |
| STEPHENS MID CAP GROWTH R5 - SFMIX | 162,606 | 162,606 |
| CLEARBRIDGE INTERNATIONAL GROWTH - LMGNX | 156,033 | 156,033 |
| ISHARES RUSSELL 2000 - IWM | 144,593 | 144,593 |
| VANGUARD INTERNATIONAL GROWTH FUND - VWILX | 132,999 | 132,999 |
| ISHARES RUSSELL MID CAP - IWR | 405,753 | 405,753 |
| ISHARES MSCI EMERGING MARKETS - EEM | 113,186 | 113,186 |
| VANGUARD 500 INDEX ADMIRAL - VFIAX | 974,504 | 974,504 |
| T ROWE PRICE MID CAP VALUE FUND - TRMCX | 70,883 | 70,883 |
| COLUMBIA SMALL CAP GROWTH INST - CMSCX | 54,521 | 54,521 |
| BARON EMERGING MARKETS INSTITUTIONAL - BEXIX | 109,792 | 109,792 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LAND MAINTENANCE | 40,411 | 0 | 13,616 | |
| INSURANCE | 3,757 | 0 | 3,757 | |
| DUES AND SUBSCRIPTIONS | 100 | 0 | 100 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| NONDIVIDEND DISTRIBUTIONS | 624 | 624 | 624 |
| Description | Amount |
|---|---|
| UNREALIZED GAIN/LOSS | 190,361 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | 20,541 | 20,541 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROPERTY TAXES | 10,489 | 0 | 2,988 | |
| STATE FILING FEES | 133 | 0 | 133 | |
| FOREIGN TAXES | 799 | 799 | 0 |