Specialty Family Foundation — Form 990PF, tax year 2023

View Specialty Family Foundation on 990iQ →
Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
SPECIALTY FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)2260 E MAPLE AVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
EL SEGUNDO, CA90245
A Employer identification number

35-2676634
B Telephone number (see instructions)

(310) 535-9000
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$71,299,576J Accounting method:
 
(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)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 16,962 16,962  
4 Dividends and interest from securities... 1,201,169 1,201,169  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
555,199
b Gross sales price for all assets on line 6a 4,941,103
7 Capital gain net income (from Part IV, line 2)... 558,818
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)....... Click to see attachment
List of Attached Documents:
// Content
78,443 86,322  
12 Total. Add lines 1 through 11........ 1,851,773 1,863,271  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 360,418 0   360,418
14 Other employee salaries and wages...... 285,467 0   285,467
15 Pension plans, employee benefits....... 66,006 0   66,006
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
12,000 0   12,000
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
116,375 28,160   86,215
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
240,869 186,085   54,784
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
193,948 0   38,514
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
847 0  
20 Occupancy.............. 21,739 0   21,739
21 Travel, conferences, and meetings....... 29,750 0   29,750
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
115,377 0   90,043
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,442,796 214,245   1,044,936
25 Contributions, gifts, grants paid....... 1,518,727 2,301,987
26 Total expenses and disbursements. Add lines 24 and 25 2,961,523 214,245   3,346,923
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,109,750
b Net investment income (if negative, enter -0-) 1,649,026
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
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
Assets 1 Cash—non-interest-bearing............. 501,278 129,866 129,866
2 Savings and temporary cash investments......... 1,518,683 3,554,142 3,554,142
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....   24 24
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
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).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 61,119,200 Click to see attachment
List of Attached Documents:
// Content
67,564,396 		67,564,396
14 Land, buildings, and equipment: basis right arrow73,918
Less: accumulated depreciation (attach schedule) right arrow62,418 12,346 Click to see attachment
List of Attached Documents:
// Content
11,500 		11,500
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
63,347 		Click to see attachment
List of Attached Documents:
// Content
39,648 		Click to see attachment
List of Attached Documents:
// Content
39,648
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 63,214,854 71,299,576 71,299,576
Liabilities 17 Accounts payable and accrued expenses.......... 13,447 40,517
18 Grants payable................. 1,293,058 509,798
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 right arrow) Click to see attachment
List of Attached Documents:
// Content
195,723 		Click to see attachment
List of Attached Documents:
// Content
333,487
23 Total liabilities (add lines 17 through 22)......... 1,502,228 883,802
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 61,712,626 70,415,774
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 61,712,626 70,415,774
30 Total liabilities and net assets/fund balances (see instructions). 63,214,854 71,299,576
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
61,712,626
2
Enter amount from Part I, line 27a .....................
2
-1,109,750
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
9,812,898
4
Add lines 1, 2, and 3 ..........................
4
70,415,774
5
Decreases not included in line 2 (itemize) right arrow
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
70,415,774
Form 990-PF (2023)
Form 990-PF (2023)
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 CHARLES SCHWAB P 2023-01-02 2023-12-31
b CHARLES SCHWAB P 2022-01-01 2023-12-31
c K-1S NON UBIT P 2023-01-02 2023-12-31
d K-1S NON UBIT P 2022-01-01 2023-12-31
e CAPITAL GAINS DIVIDENDS P    
(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 464,386   424,013 40,373
b 4,285,554   3,829,204 456,350
c 80,539     80,539
d     129,068 -129,068
e 110,624     110,624
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       40,373
b       456,350
c       80,539
d       -129,068
e       110,624
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 558,818
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 ................... 		Bracket 3  
Part V
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 right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 22,921
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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 22,921
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 22,921
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 39,766
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 120,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 159,766
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.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 136,845
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow136,845 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-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 the instructions
for the 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. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet 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 XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowDE, CA
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 .Click to see attachment
List of Attached Documents:
// Content
8b
 
No
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
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
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 addressright arrowHTTP://WWW.SPECIALTYFAMILYFOUNDATION.ORG/
14
The books are in care ofright arrowGRANT NIMAN Telephone no.right arrow (310) 535-9000

Located atright arrow2260 E MAPLE AVEEL SEGUNDOCA ZIP+4right arrow90245
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
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 right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-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? ...........
1a(1)
Yes
 
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
Yes
 
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(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)? ......................
1a(5)
 
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.) ...............
1a(6)
 
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
Yes
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
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 2023? .............
1d
Yes
 
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 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 2023.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-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))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
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? .............
5a(5)
 
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
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
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? .................
5d
 
 
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? .............................
6a
 
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?
7a
 
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? .........................
8
 
No
Part VII
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
DEBORAH A ESTES FAMILY DIRECTOR/CHAIR
30.00 		0 0 0
2260 E MAPLE AVE
EL SEGUNDO,CA90245
JAMES B PETER JR FAMILY DIRECTOR
1.00 		0 0 0
2260 E MAPLE AVE
EL SEGUNDO,CA90245
KAREN PETER FAMILY DIRECTOR
1.00 		0 0 0
2260 E MAPLE AVE
EL SEGUNDO,CA90245
CHRISTINE MARY PETER FAMILY DIRECTOR
1.00 		0 0 0
2260 E MAPLE AVE
EL SEGUNDO,CA90245
ARTHUR PETER FAMILY DIRECTOR/TREASURER
1.00 		0 0 0
2260 E MAPLE AVE
EL SEGUNDO,CA90245
REGINA PETER FAMILY DIRECTOR, SECRETARY
1.00 		0 0 0
2260 E MAPLE AVE
EL SEGUNDO,CA90245
JOSEPH B WOMAC PRESIDENT
40.00 		360,418 28,700 0
2260 E MAPLE AVE
EL SEGUNDO,CA90245
MICHAEL ESTES FAMILY DIRECTOR, VICE PRESIDENT
1.00 		0 0 0
2260 E MAPLE AVE
EL SEGUNDO,CA90245
SEAN GARD FAMILY DIRECTOR
1.00 		0 0 0
2260 E MAPLE AVE
EL SEGUNDO,CA90245
DAVID FIELDS INDEPENDENT DIRECTOR
1.00 		0 0 0
2260 E MAPLE AVE
EL SEGUNDO,CA90245
MADELEINE CANE FAMILY DIRECTOR
1.00 		0 0 0
2260 E MAPLE AVE
EL SEGUNDO,CA90245
CATALINA SAENZ INDEPENDENT DIRECTOR
1.00 		0 0 0
2260 E MAPLE AVE
EL SEGUNDO,CA90245
JOSEPH M LUMARDA INDEPENDENT DIRECTOR
1.00 		0 0 0
2260 E MAPLE AVE
EL SEGUNDO,CA90245
KEVIN MCCARDLE INDEPENDENT DIRECTOR
1.00 		0 0 0
2260 E MAPLE AVE
EL SEGUNDO,CA90245
MEGAN GARD FAMILY DIRECTOR
1.00 		0 0 0
2260 E MAPLE AVE
EL SEGUNDO,CA90245
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
CAROL ROWE GRANTS DIRECTOR OF C
40.00 		119,431 4,954 0
2260 E MAPLE AVE
EL SEGUNDO,CA90245
DANIEL ESTES GRANTS MANAGER
40.00 		93,598 19,340 0
2260 E MAPLE AVE
EL SEGUNDO,CA90245
ALYSSA NATIVIDAD ADMINISTRATIVE ASSOC
40.00 		65,499 11,971 0
2260 E MAPLE AVE
EL SEGUNDO,CA90245
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
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
PRODIGY ASSET MANAGEMENT INVESTMENT 114,013
13710 FNB PARKWAY SUITE 205
OMAHA,NE68154
NIMAN & ASSOCIATES ACCOUNTING 70,400
2260 E MAPLE AVE
EL SEGUNDO,CA90245
ANGELES INVESTMENT INVESTMENT 62,072
429 SANTA MONICA BLVD 600
SANTA MONICA,CA90401
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-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.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
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
40,670,399
b
Average of monthly cash balances.......................
1b
4,200,233
c
Fair market value of all other assets (see instructions)................
1c
21,552,010
d
Total (add lines 1a, b, and c).........................
1d
66,422,642
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
66,422,642
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
996,340
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
65,426,302
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,271,315
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
3,271,315
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
22,921
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
22,921
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,248,394
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
3,248,394
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 XII, line 1 ...
7
3,248,394
Part XI
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
3,346,923
b
Program-related investments—total from Part VIII-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 XII, line 4. .......
4
3,346,923
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 3,248,394
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 5,066
b From 2019......  
c From 2020...... 192,080
d From 2021......  
e From 2022...... 1,019,680
f Total of lines 3a through e ........ 1,216,826
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 3,346,923
a Applied to 2022, 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 2023 distributable amount..... 3,248,394
e Remaining amount distributed out of corpus 98,529
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,315,355
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 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		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 2018 not
applied on line 5 or line 7 (see instructions) ... 		5,066
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		1,310,289
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020.... 192,080
c Excess from 2021....  
d Excess from 2022.... 1,019,680
e Excess from 2023.... 98,529
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-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 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
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 IX, 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 XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList 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).)
DEBORAH A ESTES
JAMES B PETER JR
KAREN PETER
CHRISTINE MARY PETER
ARTHUR PETER
bList 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.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
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)
aPaid during the year

A SENSE OF HOME

3457 W EL SEGUNDO BLVD UNIT A
HAWTHORNE,CA90250 		NONE PUBLIC CHARITY GENERAL 12,000

ARCHDIOCESE OF LA

3424 WILSHIRE BLVD 2ND FLOOR
LOS ANGELES,CA90010 		NONE RELIGIOUS GENERAL 535,000

ART TREK INC

703 RANCHO CONEJO BLVD
NEWBURY PARK,CA91320 		NONE PUBLIC CHARITY GENERAL 20,000

BEREA COLLEGE

CPO 2216
BEREA,KY40404 		NONE SCHOOL GENERAL 5,000

CATHOLIC ASSOCIATION OF LATINO LEADERS

3424 WILSHIRE BLVD
LOS ANGELES,CA90010 		NONE PUBLIC CHARITY GENERAL 1,010

CALIFORNIA COMMUNITY FOUNDATION

3440 WILSHIRE BLVD SUITE 530
LOS ANGELES,CA90010 		NONE PUBLIC CHARITY GENERAL 450,000

CATHOLIC EDUCATION FOUNDATION

3424 WILSHIRE BLVD 3RD FLOOR
LOS ANGELES,CA90010 		NONE RELIGIOUS SCHOLARSHIPS 62,502

CATHOLIC SCHOOLS COLLABORATIVE

312 E 1ST ST STE 242
LOS ANGELES,CA90012 		NONE PUBLIC CHARITY GENERAL 50,000

CCFCIF - FBO LA PARTNERSHIP FOR EARLY CHI

221 S FIGUEROA ST STE 400
LOS ANGELES,CA90012 		NONE PUBLIC CHARITY GENERAL 15,000

COMMUNITY PARTNERS

1000 NORTH ALAMEDA ST STE 240
LOS ANGELES,CA90013 		NONE PUBLIC CHARITY GENERAL 30,000

COMMUNITY PARTNERS FOR COLLEGE MATCH

BANK OF AMERICA LOCKBOX 741265 2706
MEDIA CENTER DRIVE
LOS ANGELES,CA90065 		NONE PUBLIC CHARITY GENERAL 5,000

DOLORES MISSION CHURCH

171 S GLESS STREET
LOS ANGELES,CA90033 		NONE RELIGIOUS GENERAL 30,000

DOMINICAN SISTERS VISION OF HOPE SCHOOLS

1555 34TH AVE
OAKLAND,CA94601 		NONE SCHOOL GENERAL 30,000

FADICA INC

PO BOX 33667
WASHINGTON,DC20033 		NONE PUBLIC CHARITY GENERAL 50,000

FIRST NATIONS

2432 MAIN ST FLR 2
LONGMONT,CO80501 		NONE PUBLIC CHARITY GENERAL 10,000

HOMEBOY INDUSTRIES

130 W BRUNO ST
LOS ANGELES,CA90012 		NONE PUBLIC CHARITY GENERAL 5,000

LA CATHOLIC PRAYER BREAKFAST

3424 WILSHIRE BLVD 2ND FLOOR
LOS ANGELES,CA90010 		NONE RELIGIOUS GENERAL 350

LA PARTNERSHIP FOR EARLY CHILDHOOD INVEST

2355 WESTWOOD BLVD 114
LOS ANGELES,CA90064 		NONE PUBLIC CHARITY GENERAL 16,000

LASALLE HIGH SCHOOL

3880 EAST SIERRA MADRE BLVD
PASADENA,CA91107 		NONE SCHOOL GENERAL 5,000

LOS ANGELES PHILHARMONIC ASSOCIATION

151 SOUTH GRAND AVENUE
LOS ANGELES,CA900123034 		NONE PUBLIC CHARITY GENERAL 15,000

LOS ANGELES ROOM & BOARD

862 HILGARD AVE
LOS ANGELES,CA90024 		NONE PUBLIC CHARITY GENERAL 60,150

LOYOLA MARYMOUNT UNIVERSITY

1 LMU DR UNIVERSITY HALL STE 2100
LOS ANGELES,CA90045 		NONE SCHOOL GENERAL 52,500

NATIONAL CATHOLIC EDUCATION ASSOC

407 BICKSLER SQ SE
LEESBURG,VA20175 		NONE RELIGIOUS GENERAL 15,000

NOTRE DAME ACADEMY

2851 OVERLAND AVENUE
LOS ANGELES,CA90064 		NONE SCHOOL GENERAL 250

NOTRE DAME ACADEMY ELEMENTARY SCHOOL

2911 OVERLAND AVE
LOS ANGELES,CA900644298 		NONE SCHOOL GENERAL 25,000

OAK ROSE FUND

2624 S KRAMERIA STREET
DENVER,CO80222 		NONE PUBLIC CHARITY GENERAL 7,500

PARTNERS FOR CHILDREN SOUTH LA

301 N PRAIRIE AVENUE SUITE 515
INGLEWOOD,CA90301 		NONE PUBLIC CHARITY GENERAL 115,000

RESURRECTION CATHOLIC SCHOOL

3360 OPAL ST
LOS ANGELES,CA90023 		NONE SCHOOL GENERAL 5,000

SAFE PLACE FOR YOUTH

2469 LINCOLN BLVD
MARINA DEL REY,CA90292 		NONE PUBLIC CHARITY GENERAL 40,375

SCHOOLS ON WHEELS

600 E 7TH ST STE 109
LOS ANGELES,CA90021 		NONE SCHOOL GENERAL 25,000

SEED HOUSE PROJECT

138 NORTH BRAND BOULEVARD STE 200
GLENDALE,CA91203 		NONE PUBLIC CHARITY GENERAL 80,000

SKIRBALL CULTURAL CENTER

2701 NORTH SEPULVEDA BLVD
LOS ANGELES,CA90049 		NONE PUBLIC CHARITY GENERAL 20,000

SOFESA

8726 S SEPULVEDA BLVD D2651
LOS ANGELES,CA90045 		NONE PUBLIC CHARITY GENERAL 10,000

SOUTHERN CALIFORNIA GRANTMAKERS

1000 N ALAMEDA ST STE 230
LOS ANGELES,CA90012 		NONE PUBLIC CHARITY GENERAL 301,500

ST ALOYSIUS GONZAGA SCHOOL

2023 E NADEAU
LOS ANGELES,CA90001 		NONE SCHOOL TUITION ASSISTANCE 3,000

ST GENEVIEVE PARISH SCHOOLS

14024 COMMUNITY ST
PANORAMA CITY,CA91402 		NONE SCHOOL GENERAL 15,000

ST JEROME SCHOOL

5580 THORNBURN ST
LOS ANGELES,CA90095 		NONE SCHOOL GENERAL 10,000

ST JOSEPH CENTER

204 HAMPTON DR
VENICE,CA902418633 		NONE RELIGIOUS GENERAL 5,000

ST MATTHIAS DUAL LANGUAGE SCHOOL

7130 CEDAR STREET
HUNTINGTON PARK,CA90254 		NONE SCHOOL TUITION ASSISTANCE 3,000

ST MONICA HIGH CATHOLIC SCHOOL

1030 LINCOLN BLVD
SANTA MONICA,CA90903 		NONE SCHOOL GENERAL 5,000

ST PIUS X - ST MATTHIAS ACADEMY

7851 GARDENDALE STREET
DOWNEY,CA90242 		NONE SCHOOL TUITION ASSISTANCE 12,000

ST VINCENT MEALS ON WHEELS

2303 MIRAMAR ST
LOS ANGELES,CA90057 		NONE PUBLIC CHARITY GENERAL 20,000

STEP UP DEVELOPMENT

1460 4TH STREET SUITE 200
SANTA MONICA,CA90401 		NONE PUBLIC CHARITY GENERAL 10,000

SUNNYSIDE BAPTIST CHURCH

9317 S BUDLONG AVE
LOS ANGELES,CA90044 		NONE RELIGIOUS GENERAL 10,000

THE AWARDS DINNER

3424 WILSHIRE BLVD 6TH FLOOR
LOS ANGELES,CA90010 		NONE RELIGIOUS GENERAL 5,000

UCLA INTEGRATED SUBSTANCE ABUSE PROGRAM

10911 WEYBURN AVE SUITE 200
LOS ANGELES,CA90024 		NONE PUBLIC CHARITY GENERAL 2,500

UNIVERSITY OF NOTRE DAME

107 CAROLE SANDNER HALL
NOTRE DAME,IN46556 		NONE SCHOOL GENERAL 2,000

USC VITERBI SCHOOL OF ENGINEERING

1150 SOUTH OLIVE ST 25TH FLOOR
LOS ANGELES,CA90015 		NONE SCHOOL GENERAL 10,000

VDHS WORK STUDY INC

11100 S CENTRAL AVENUE
LOS ANGELES,CA90059 		NONE SCHOOL GENERAL 9,350

VENICE FAMILY CLINIC

604 ROSE AVENUE
VENICE,CA90291 		NONE PUBLIC CHARITY SUBSTANCE ABUSE INITIATIVE 50,000

VERBUM DEI HIGH SCHOOL

11100 SOUTH CENTRAL AVENUE
LOS ANGELES,CA900591199 		NONE SCHOOL TUITION ASSISTANCE 1,000

WATTS OF POWER FOUNDATION

1613 W 20TH STREET
LOS ANGELES,CA90007 		NONE PUBLIC CHARITY GENERAL 25,000
Total .................................right arrow 3a 2,301,987
bApproved for future payment

NATIONAL CATHOLIC EDUCATION ASSOC
407 BICKSLER SQ SE
LEESBURG,VA20175 		NONE RELIGIOUS GENERAL 10,000

SOUTHERN CALIFORNIA GRANTMAKERS
1000 N ALAMEDA ST STE 230
LOS ANGELES,CA90012 		NONE PUBLIC CHARITY GENERAL 75,000

SEED HOUSE PROJECT
138 NORTH BRAND BOULEVARD STE 200
GLENDALE,CA91203 		NONE PUBLIC CHARITY GENERAL 60,000
Total ................................. right arrow 3b 145,000
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-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.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 16,962  
4 Dividends and interest from securities ....     14 1,201,169  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot 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 ............ 		901101 -3,619 18 558,818  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aK-1'S NON UBIT 		    14 86,322  
bK-1'S UBIT 901101 -7,879      
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -11,498 1,863,271 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,851,773
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-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 (2023)
Form 990-PF (2023)
Page 13
Part XVI
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? ...........
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.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
SPECIALTY FAMILY FOUNDATION
EIN:
35-2676634
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 116,375 28,160   86,215

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2023 DepreciationSchedule
Name:
SPECIALTY FAMILY FOUNDATION
EIN:
35-2676634
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
COMPUTER EQUIPMENT 2015-12-29 30,913 30,913 SL 3.000000000000 0 0    
FURNITURE 2014-12-12 24,072 24,072 SL 5.000000000000 0 0    
PHONE SYSTEM 2015-09-01 6,234 6,234 SL 5.000000000000 0 0    
LH IMPROVEMENTS 2022-07-14 12,699 352 SL 15.000000000000 847 0    

TY 2023 ExplnOfNonFilingWithAGStmt
Name:
SPECIALTY FAMILY FOUNDATION
EIN:
35-2676634
Statement:
DELAWARE DOES NOT REQUIRE A COPY OF FORM 990-PF. A COPY HAS BEEN PROVIDED TO CALIFORNIA.

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2023 GainLossSaleOtherAssetsSch
Name:
SPECIALTY FAMILY FOUNDATION
EIN:
35-2676634
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
K-1S UBIT 2023-01 PURCHASED 2023-12     1,794 COST 0 -1,794  
K-1S UBIT 2022-01 PURCHASED 2023-12     1,825 COST 0 -1,825  

TY 2023 GeneralExplanationAttachment
Name:
SPECIALTY FAMILY FOUNDATION
EIN:
35-2676634
Identifier Return Reference Explanation
CAPITAL GAINS FORM 990-PF, PART IV THE ORGANIZATION HAD VARIOUS SALES OF SECURITIES AS WELL AS CAPITAL GAINS FROM PASS THROUGH ENTITIES DURING THE YEAR THAT IS SUMMARIZED ON PART IV OF FORM 990-PF. FOR PURPOSES OF SUCH STATEMENT AND DUE TO TAX SOFTWARE LIMITATIONS, THE ACQUISITION DATES SHOWN ARE JANUARY 2, 2023 AND JANUARY 1, 2022 FOR SHORT- TERM AND LONG- TERM TRANSACTIONS RESPECTIVELY. FOR SALES DATE, DECEMBER 31,2023 IS BEING SHOWN FOR BOTH SHORT AND LONG-TERM TRANSACTIONS. DETAILS OF INDIVIDUAL TRANSACTIONS ARE AVAILABLE UPON REQUEST.
SELF DEALING PART VI-B, LINE 1B DE MINIMIS PAYMENTS TOTALING $24 WERE INADVERTENTLY MADE TO A DISQUALIFIED PERSON. THE $24 IS REFLECTED AS A LOAN AT 12/31/23 AND HAS SINCE BEEN REPAID. FORM 4720 HAS NOT BEEN FILED AS THE EXCISE TAX MEASURED BY USE OF MONEY FOR A LOAN WOULD BE LESS THAN $.20 WHICH WHEN ROUNDED WOULD BE ZERO.THE FOUNDATION ALSO RECEIVES SERVICES FROM DISQUALIFIED PERSONS THROUGH THEIR VOLUNTEER POSITIONS, PAYS REASONABLE COMPENSATION TO DISQUALIFIED PERSONS AND IS A LESSEE PAYING NO CONSIDERATION TO THE LESSOR WHO IS A DISQUALIFIED PARTY. ALL SUCH ACTS FALL WITHIN THE SELF-DEALING EXCEPTIONS.

TY 2023 InvestmentsOtherSchedule2
Name:
SPECIALTY FAMILY FOUNDATION
EIN:
35-2676634
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
CHARLES SCHWAB- MUTUAL FUNDS FMV 42,996,276 42,996,276
ABRAMS CAPITAL PARTNERS II, LP FMV 458,087 458,087
AG REALTY FUND VI FMV 1,863 1,863
CENTERBRIDGE CREDIT PARTNERS TE, L.P. FMV 14,187 14,187
DAVIDSON KEMPNER INTL., LTD. FMV 4,203,601 4,203,601
ELLIOTT INTERNATIONAL LIMITED FMV 2,537,008 2,537,008
EMINENCE FUND LONG, LTD. FMV 3,486,954 3,486,954
FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P. FMV 1,747,140 1,747,140
SENATOR GLOBAL OPPORTUNITY OFFSHORE FUND II, LTD. FMV 2,157,556 2,157,556
VARDE INVESTMENT PARTNERS, L.P. FMV 421,769 421,769
AKO GLOBAL LONG FUND FMV 3,773,158 3,773,158
HARDMAN JOHNSTON INTERNATIONAL EQUITY FUND II FMV 2,029,720 2,029,720
BLS GLOBAL EQUITIES FMV 2,680,708 2,680,708
VARDE CREDIT PARTNERS OFFSHORE FMV 1,056,369 1,056,369

TY 2023 LandEtcSchedule2
Name:
SPECIALTY FAMILY FOUNDATION
EIN:
35-2676634
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
COMPUTER EQUIPMENT 30,913 30,913 0  
FURNITURE 24,072 24,072 0  
PHONE SYSTEM 6,234 6,234 0  
LH IMPROVEMENTS 12,699 1,199 11,500  


TY 2023 LegalFeesSchedule
Name:
SPECIALTY FAMILY FOUNDATION
EIN:
35-2676634
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL 12,000 0   12,000


TY 2023 OtherAssetsSchedule
Name:
SPECIALTY FAMILY FOUNDATION
EIN:
35-2676634
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
OTHER PREPAIDS 63,347 39,648 39,648


TY 2023 OtherExpensesSchedule
Name:
SPECIALTY FAMILY FOUNDATION
EIN:
35-2676634
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MEALS 18,059 0   18,059
PARKING 273 0   273
INFORMATION TECHNOLOGY 25,746 0   25,746
TELEPHONE & INTERNET 7,357 0   7,357
POSTAGE AND DELIVERY 2,102 0   2,102
OFFICE SUPPLIES AND PRINTING 8,104 0   8,104
GIFTS AND PROMOTION 445 0   445
AUTO 4,757 0   4,757
DUES AND MEMBERSHIPS 27,887 0   27,887
INSURANCE 20,379 0   20,379
K-1 EXPENSES-OTHER 268 0   0
ACCRUAL TO CASH 0 0   -25,066


TY 2023 OtherIncomeSchedule2
Name:
SPECIALTY FAMILY FOUNDATION
EIN:
35-2676634
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
K-1'S NON UBIT 86,322 86,322 86,322
K-1'S UBIT -7,879   -7,879


TY 2023 OtherIncreasesSchedule
Name:
SPECIALTY FAMILY FOUNDATION
EIN:
35-2676634
Description Amount
CHANGE IN UNREALIZED GAINS(LOSSES) 9,812,898


TY 2023 OtherLiabilitiesSchedule
Name:
SPECIALTY FAMILY FOUNDATION
EIN:
35-2676634
Description Beginning of Year - Book Value End of Year - Book Value
INVESTMENT FEES PAYABLE 28,734 62,072
SALARIES PAYABLE 57,337 55,348
DEFERRED TAXES 109,652 216,067


TY 2023 OtherProfessionalFeesSchedule
Name:
SPECIALTY FAMILY FOUNDATION
EIN:
35-2676634
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTANTS 54,784 0   54,784
INVESTMENT 186,085 186,085   0


TY 2023 TaxesSchedule
Name:
SPECIALTY FAMILY FOUNDATION
EIN:
35-2676634
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL 38,289 0   38,289
EXCISE AND FEDERAL UBIT 155,434 0   0
OTHER 225 0   225