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 07-01-2023 , and ending 06-30-2024
Name of foundation
DALE & LAURA KUTNICK FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1532 AFT
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PENNINGTON, NJ08534
A Employer identification number

06-1469212
B Telephone number (see instructions)

(888) 866-3275
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$23,055,827
J 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) 802,677
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 314,223 307,331  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,408,301
b Gross sales price for all assets on line 6a 3,845,929
7 Capital gain net income (from Part IV, line 2)... 1,408,301
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... 2,972    
12 Total. Add lines 1 through 11........ 2,528,173 1,715,632  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 283,800     283,800
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... 17,937 0 0 17,937
b Accounting fees (attach schedule)....... 1,250 0 0 1,250
c Other professional fees (attach schedule).... 107,827 64,696   43,131
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... 13,386 6,386   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 6,214 0 0 6,214
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... 11,114 1,632   9,482
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 441,528 72,714 0 361,814
25 Contributions, gifts, grants paid....... 814,643 814,643
26 Total expenses and disbursements. Add lines 24 and 25 1,256,171 72,714 0 1,176,457
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,272,002
b Net investment income (if negative, enter -0-) 1,642,918
c Adjusted net income (if negative, enter -0-)... 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............. 6,155 8,327 8,327
2 Savings and temporary cash investments......... 1,337,306 2,324,985 2,324,985
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
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).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow0      
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)....... 13,484,499 Click to see attachment
List of Attached Documents:
// Content
13,304,419
19,285,144
c Investments—corporate bonds (attach schedule)....... 208,157 Click to see attachment
List of Attached Documents:
// Content
156,580
147,937
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).......... 727,575 Click to see attachment
List of Attached Documents:
// Content
776,409
1,160,048
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
85,723
Click to see attachment
List of Attached Documents:
// Content
87,628
Click to see attachment
List of Attached Documents:
// Content
129,386
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 15,849,415 16,658,348 23,055,827
Liabilities 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 right arrow) 159,988 38,320
23 Total liabilities (add lines 17 through 22)......... 159,988 38,320
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...........    
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........ 15,689,427 16,620,028
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)..... 15,689,427 16,620,028
30 Total liabilities and net assets/fund balances (see instructions). 15,849,415 16,658,348
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
15,689,427
2
Enter amount from Part I, line 27a .....................
2
1,272,002
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
241,394
4
Add lines 1, 2, and 3 ..........................
4
17,202,823
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
582,795
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
16,620,028
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 149. ALBEMARLE CORP   2023-06-16 2023-07-25
b 33. ALBEMARLE CORP   2023-06-16 2024-02-13
c 193. ALBEMARLE CORP   2023-06-30 2024-02-13
d 335. ALPHABET INC SHS CL A   2019-02-01 2023-07-25
e 50000. ALPHABET INC   2017-11-30 2024-02-26
1500. BAOZUN INC SHS CL A ADR   2018-07-24 2024-01-31
160. BECTON DICKINSON AND CO   2023-06-16 2024-05-24
50. BECTON DICKINSON AND CO   2023-09-21 2024-05-24
50. BECTON DICKINSON AND CO   2023-06-30 2024-05-24
271. BOEING CO/THE   2023-09-21 2024-02-13
300. BOEING CO/THE   2023-01-26 2024-02-13
166. BRISTOL MYERS SQUIBB CO COM   2022-05-24 2023-09-21
26. BROADCOM INC   2021-05-21 2023-07-25
9. BROADCOM INC   2021-05-21 2023-09-21
161. COMCAST CORP   2021-09-16 2024-05-24
206. COMCAST CORP   2021-05-21 2024-05-24
9. DANAHER CORP   2020-03-17 2023-07-25
100. DANAHER CORP   2021-08-20 2023-07-25
150. DANAHER CORP   2021-09-29 2023-07-25
70. DEERE & CO   2023-06-16 2024-05-24
36. DEERE & CO   2023-04-19 2024-05-24
32. DEERE & CO   2021-05-21 2024-05-24
14. DEERE & CO   2023-03-22 2024-05-24
254. FACEBOOK INC   2023-09-21 2024-02-13
216. FACEBOOK INC   2023-07-25 2024-02-13
500. GARTNER GROUP INC NEW CL A   2017-02-10 2023-12-18
550. GARTNER GROUP INC NEW CL A   2017-02-10 2023-12-18
450. GARTNER GROUP INC NEW CL A   2017-02-10 2023-12-18
1720. GARTNER GROUP INC NEW CL A   2017-02-10 2024-06-24
715. GARTNER GROUP INC NEW CL A   2016-02-12 2024-06-24
565. GARTNER GROUP INC NEW CL A   2015-02-22 2024-06-24
.5 GE VERNOVA LLC   2017-09-08 2024-04-05
1207. GENERAL MOTORS CO   2023-02-16 2024-02-13
430. GENERAL MOTORS CO   2023-06-16 2024-02-13
167. HILTON WORLDWIDE HOLDINGS INC   2020-09-24 2023-07-25
135. HILTON WORLDWIDE HOLDINGS INC   2020-03-26 2023-07-25
56. HONEYWELL INTERNATIONAL INC   2014-05-30 2023-09-21
75. HONEYWELL INTERNATIONAL INC   2017-01-26 2023-09-21
86. HONEYWELL INTERNATIONAL INC   2020-08-20 2023-09-21
241. J P MORGAN CHASE & CO COM   2019-02-01 2023-09-21
190. MAGNA INTERNATIONAL INC CLASS A   2023-06-16 2024-05-24
270. MAGNA INTERNATIONAL INC CLASS A   2021-05-21 2024-05-24
20. NEXTERA ENERGY INC   2018-02-06 2024-02-13
197. NEXTERA ENERGY INC   2022-04-08 2024-02-13
121. NEXTERA ENERGY INC   2021-03-12 2024-02-13
284. NEXTERA ENERGY INC   2019-09-20 2024-02-13
382. NEXTERA ENERGY INC   2016-02-24 2024-02-13
318. NEXTERA ENERGY INC   2022-09-27 2024-02-13
668. NIKE INC CL B   2023-01-26 2023-07-25
141. NORTHROP GRUMMAN CORP   2023-01-26 2023-09-21
30. O'REILLY AUTOMOTIVE INC   2023-01-26 2023-09-21
49. O'REILLY AUTOMOTIVE INC   2023-01-26 2024-05-24
217. PALO ALTO NETWORKS INC   2022-09-19 2023-09-21
54. PALO ALTO NETWORKS INC   2023-01-26 2023-09-21
150. PROGRESSIVE CORP OHIO COM   2022-05-24 2023-09-21
481. REALTY INCOME CORP   2021-05-21 2023-09-21
52. REALTY INCOME CORP   2021-09-16 2023-09-21
482. STARBUCKS CORP COM   2022-09-19 2023-09-21
306. STARBUCKS CORP COM   2022-10-05 2024-02-13
164. STARBUCKS CORP COM   2023-02-16 2024-02-13
133. STARBUCKS CORP COM   2022-09-19 2024-02-13
126. STARBUCKS CORP COM   2023-01-26 2024-02-13
29. TARGET CORP   2023-01-26 2023-09-21
137. TARGET CORP   2023-06-16 2023-09-21
12. TARGET CORP   2021-05-21 2023-09-21
466. 3M CO   2023-09-21 2024-02-13
995. TORONTO DOMINION BANK   2022-05-06 2024-02-13
304. TRUIST FINL CORP   2022-04-27 2023-09-21
199. TRUIST FINL CORP   2023-06-16 2023-09-21
7. UNION PACIFIC CORP   2021-03-12 2023-09-21
11. UNION PACIFIC CORP   2021-01-21 2023-09-21
169. UNITEDHEALTH GROUP INC   2023-05-05 2024-05-24
5. UNITEDHEALTH GROUP INC   2022-01-06 2024-05-24
17. UNITEDHEALTH GROUP INC   2021-09-16 2024-05-24
34. UNITEDHEALTH GROUP INC   2023-06-16 2024-05-24
97. UNITEDHEALTH GROUP INC   2023-09-21 2024-05-24
93. UNITEDHEALTH GROUP INC   2023-07-25 2024-05-24
357. VERIZON COMMUNICATIONS INC   2021-05-21 2023-07-25
380. VERIZON COMMUNICATIONS INC   2022-05-24 2023-07-25
858. VERIZON COMMUNICATIONS INC   2023-06-16 2023-07-25
121. VERIZON COMMUNICATIONS INC   2022-02-25 2023-07-25
234. VICI PROPERTIES INC   2021-06-10 2024-05-24
565. VICI PROPERTIES INC   2021-05-21 2024-05-24
998. XCEL ENERGY INC COM   2022-05-06 2023-09-21
63. EATON CORP PLC   2021-05-21 2023-09-21
5. EXPIRED PUT/CALL   2023-03-07 2023-09-18
80. EXPIRED PUT/CALL   2023-01-31 2023-11-20
70. SHORT TERM PRIOR FID SALES   2023-04-12 2024-01-22
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN 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 31,695   33,916 -2,221
b 3,678   7,512 -3,834
c 21,510   42,946 -21,436
d 41,116   18,795 22,321
e 50,000   50,000  
3,482   97,734 -94,252
36,591   41,453 -4,862
11,435   13,316 -1,881
11,435   13,200 -1,765
55,536   54,811 725
61,479   63,825 -2,346
9,827   12,711 -2,884
23,957   11,756 12,201
7,204   4,070 3,134
6,205   9,264 -3,059
7,939   11,387 -3,448
2,320   1,170 1,150
25,783   32,082 -6,299
38,674   45,934 -7,260
26,239   28,599 -2,360
13,495   14,109 -614
11,995   11,761 234
5,248   5,627 -379
118,461   74,836 43,625
100,738   63,711 37,027
179,994   50,510 129,484
197,993   55,561 142,432
161,994   45,459 116,535
705,163   173,754 531,409
293,135   57,200 235,935
231,638   47,601 184,037
64   61 3
45,785   52,426 -6,641
16,311   16,326 -15
25,208   13,732 11,476
20,377   9,594 10,783
10,859   4,963 5,896
14,544   8,494 6,050
16,677   13,468 3,209
35,735   25,086 10,649
8,591   10,824 -2,233
12,208   26,312 -14,104
1,103   740 363
10,864   17,024 -6,160
6,673   9,170 -2,497
15,663   15,994 -331
21,067   11,042 10,025
17,538   25,742 -8,204
72,159   84,848 -12,689
61,904   63,866 -1,962
28,151   24,125 4,026
48,381   39,403 8,978
49,681   37,592 12,089
12,363   8,543 3,820
21,631   16,965 4,666
25,565   30,923 -5,358
2,764   3,473 -709
45,611   44,061 1,550
29,030   27,288 1,742
15,559   17,840 -2,281
12,618   12,158 460
11,954   13,584 -1,630
3,473   4,809 -1,336
16,407   18,453 -2,046
1,437   2,711 -1,274
42,704   46,218 -3,514
58,068   71,564 -13,496
8,804   15,436 -6,632
5,763   6,289 -526
1,486   1,502 -16
2,336   2,317 19
86,387   83,408 2,979
2,556   2,404 152
8,690   7,082 1,608
17,380   15,652 1,728
49,583   48,570 1,013
47,538   47,543 -5
12,192   20,317 -8,125
12,977   18,835 -5,858
29,301   31,038 -1,737
4,132   6,581 -2,449
6,615   7,550 -935
15,972   17,460 -1,488
59,651   72,505 -12,854
13,285   9,107 4,178
14,995     14,995
65,079     65,079
34,930     34,930
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
      11,591
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       -2,221
b       -3,834
c       -21,436
d       22,321
e        
      -94,252
      -4,862
      -1,881
      -1,765
      725
      -2,346
      -2,884
      12,201
      3,134
      -3,059
      -3,448
      1,150
      -6,299
      -7,260
      -2,360
      -614
      234
      -379
      43,625
      37,027
      129,484
      142,432
      116,535
      531,409
      235,935
      184,037
      3
      -6,641
      -15
      11,476
      10,783
      5,896
      6,050
      3,209
      10,649
      -2,233
      -14,104
      363
      -6,160
      -2,497
      -331
      10,025
      -8,204
      -12,689
      -1,962
      4,026
      8,978
      12,089
      3,820
      4,666
      -5,358
      -709
      1,550
      1,742
      -2,281
      460
      -1,630
      -1,336
      -2,046
      -1,274
      -3,514
      -13,496
      -6,632
      -526
      -16
      19
      2,979
      152
      1,608
      1,728
      1,013
      -5
      -8,125
      -5,858
      -1,737
      -2,449
      -935
      -1,488
      -12,854
      4,178
      14,995
      65,079
      34,930
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 1,408,301
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 22,837
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 22,837
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 22,837
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 13,652
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 13,652
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 9,185
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow0 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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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
Yes
 
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:
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 arrowCT
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 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. Click to see attachment
List of Attached Documents:
// Content
...............................
10
Yes
 
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 arrow  
14
The books are in care ofright arrowBANK OF AMERICA NA Telephone no.right arrow (888) 866-3275

Located atright arrowPO BOX 1532 AFTPENNINGTONNJ ZIP+4right arrow08534
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)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(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
 
No
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
 
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 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
TOREN KUTNICK TREASURER/DIR
25
223,800    
37 CRAIG COURT
STAMFORD,CT06903
LAURA KUTNICK PRESIDENT/DIR
4
0    
23 SHERMAN TURNPIKE
REDDING,CT06896
DALE KUTNICK SECRETARY/DIR
4
0    
23 SHERMAN TURNPIKE
REDDING,CT06896
VARY K KUTNICK VP/OFFICER
1
30,000    
606 POST ROAD EAST 402
WESTPORT,CT06880
KYLA KUTNICK VP/OFFICER
1
30,000    
AVE 55 SE 6TH ST APT 4105W
MIAMI,FL33131
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...................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
NONE
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 arrow  
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
20,740,929
b
Average of monthly cash balances.......................
1b
1,398,471
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
22,139,400
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
22,139,400
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
332,091
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
21,807,309
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,090,365
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
1,090,365
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
22,837
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
22,837
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,067,528
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,067,528
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
1,067,528
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
1,176,457
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
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,176,457
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 1,067,528
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 814,643
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 0
b From 2019...... 0
c From 2020...... 0
d From 2021...... 0
e From 2022...... 0
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 1,176,457
a Applied to 2022, but not more than line 2a 814,643
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..... 361,814
e Remaining amount distributed out of corpus 0
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 0
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 ..........
705,714
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) ...
0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ......
0
10 Analysis of line 9:
a Excess from 2019.... 0
b Excess from 2020.... 0
c Excess from 2021.... 0
d Excess from 2022.... 0
e Excess from 2023.... 0
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).)
NONE
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.
NONE
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

TRUSTEES OF DARTMOUTH COLLEGE

7 LEBANON ST STE 302
HANOVER,NH03755
N/A PC UNRESTRICTED GENERAL 5,000

DANBURY HOSPITAL

PO BOX 22539
NEW YORK,NY10087
N/A PC UNRESTRICTED GENERAL 10,000

TAFT SCHOOL CORPORATION

110 WOODBURY ROAD
WATERTOWN,CT06795
N/A PC UNRESTRICTED GENERAL 500

YALE UNIVERSITY

PO BOX 2082239
NEW HAVEN,CT06520
N/A PC UNRESTRICTED GENERAL 105,000

CONNECTICUT HUMANE SOCIETY

701 RUSSELL ROAD
NEWINGTON,CT06111
N/A PC UNRESTRICTED GENERAL 5,000

UNITARIAN CHURCH IN WESTPORT

10 LYONS PLAINS RD
WESTPORT,CT06880
N/A PC UNRESTRICTED GENERAL 14,000

WSHU PUBLIC RADIO SACRED HEART UNIVERSITY

5151 PARK AVENUE
FAIRFIELD,CT06825
N/A PC UNRESTRICTED GENERAL 10,000

MARK TWAIN LIBRARY ASSN INC

RT 53 DIAMOND HILL RD
REDDING,CT06896
N/A PC UNRESTRICTED GENERAL 5,300

HORIZONS AT GFA

35 BEACHSIDE AVE
WESTPORT,CT06880
N/A PC UNRESTRICTED GENERAL 5,000

PET ANIMAL WELFARE SOCIETY OF CT

504 MAIN AVENUE
NORWALK,CT06851
N/A PC UNRESTRICTED GENERAL 1,500

THE ALDRICH CONTEMPORARY ART MUSEUM INC

258 MAIN STREET
RIDGEFIELD,CT06877
N/A PC UNRESTRICTED GENERAL 2,000

PLANNED PARENTHOOD FEDERATION

123 WILLIAM ST 10TH FLOOR
NEW YORK,NY10038
N/A PC UNRESTRICTED GENERAL 5,000

RIVERKEEPER INC

20 SECOR ROAD
OSSINING,NY10562
N/A PC UNRESTRICTED GENERAL 40,000

PRO PUBLICA INC

155 AVENUE AMERICA 13 FL
NEW YORK,NY10013
N/A PC UNRESTRICTED GENERAL 7,500

CORNELL UNIVERSITY

377 PINE TREE ROAD
ITHACA,NY14850
N/A PC UNRESTRICTED GENERAL 5,000

FRIENDS OF OFANIM INC

1255 DRUMMERS LANE STE 200
WAYNE,PA19087
N/A PC UNRESTRICTED GENERAL 25,000

COMMUNITY FDN OF NEW JERSEY

PO BOX 338 35 KNOX HILL RD
MORRISTOWN,NJ07963
N/A PC UNRESTRICTED GENERAL 159,243

WESTERN CT HEALTH NETWORK AFFILIATES INC

100 RESERVE ROAD
DANBURY,CT06810
N/A PC UNRESTRICTED GENERAL 15,000

WESTERN CONNECTICUT HEALTH NETWORK INC

100 RESERVE ROAD
DANBURY,CT06810
N/A PC UNRESTRICTED GENERAL 5,000

CONNECTICUT INVENTION CONVENTION INC

PO BOX 230311
HARTFORD,CT06123
N/A PC UNRESTRICTED GENERAL 35,000

STEW LEONARD III WATER SAFETY FDN

100 WESTPORT AVE
NORWALK,CT06851
N/A PC UNRESTRICTED GENERAL 20,000

REDDING VOLUNTEER FIRE COMPANY NO 1 INC

PO BOX 185
REDDING RIDGE,CT06876
N/A PC UNRESTRICTED GENERAL 1,500

WESTPORT COUNTRY PLAYHOUSE INC

25 POWERS COURT
WESTPORT,CT06880
N/A PC UNRESTRICTED GENERAL 2,500

BRONX CHILDRENS MUSEUM

PO BOX 1381
BRONX,NY10451
N/A PC UNRESTRICTED GENERAL 7,000

KAELI KRAMER FOUNDATION

309 TROTTING LANE
WESTBURY,NY11590
N/A PC UNRESTRICTED GENERAL 2,500

BRONX ZOO

2300 SOUTHERN BLVD
BRONX,NY10460
N/A PC UNRESTRICTED GENERAL 8,000

K9S FOR WARRIORS INC

114 CAMP K9 ROAD
PONTE VEDRA,FL32081
N/A PC UNRESTRICTED GENERAL 2,500

GREENWICH INTL FILM FESTIVAL INC

55 OLD FIELD POINT ROAD
GREENWICH,CT06830
N/A PC UNRESTRICTED GENERAL 25,000

PRIME COALITION INC

625 MASSACHUSETTS AVE 2ND FL
CAMBRIDGE,MA02139
N/A PC UNRESTRICTED GENERAL 100,000

FFWD

1002A OREILLY AVE
SAN FRANCISCO,CA94129
N/A PC UNRESTRICTED GENERAL 7,000

RISING STARR HORSE RESCUE

93 SILVER SPRING ROAD
WILTON,CT06897
N/A PC UNRESTRICTED GENERAL 7,500

POUND RIDGE LAND CONSERVANCY INC

1361 OLD POST ROAD
POUND RIDGE,NY10576
N/A PC UNRESTRICTED GENERAL 5,000

NATIONAL FOREST FOUNDATION

27 FORT MISSOULA ROAD STE 3
MISSOULA,MT59804
N/A PC UNRESTRICTED GENERAL 50,000

THE NATURE CONSERVATORY

25 W MAIN ST STE 11
MADISON,WI53703
N/A PC UNRESTRICTED GENERAL 5,000

CODEART INC

550 NW 42ND AVE 415
MIAMI,FL33126
N/A PC UNRESTRICTED GENERAL 15,000

A CONTEMPORARY THEATRE CT

36 OLD QUARRY ROAD
RIDGEFIELD,CT06877
N/A PC UNRESTRICTED GENERAL 1,000

FOST FOR GOOD INC

124 W 13TH ST
NEW YORK,NY10011
N/A PC UNRESTRICTED GENERAL 25,000

GOVERN FOR AMERICA INC

1629 K ST NW STE 300
WASHINGTON,DC20006
N/A PC UNRESTRICTED GENERAL 10,000

ETHOS FARM PROJECT

177 WEST MILL ROAD
LONG VALLEY,NJ07853
N/A PC UNRESTRICTED GENERAL 5,000

BLUE WATER INSTITUTE INC

12774 TORREY BLUFF DR APT 81
SAN DIEGO,CA92130
N/A PC UNRESTRICTED GENERAL 10,000

NORWAYNE CITIZENS COUNCIL

32150 DORSEY ROAD
WESTLAND,MI48186
N/A PC UNRESTRICTED GENERAL 600

ISLAND PRESS

2000 M ST NW STE 480-B
WASHINGTON,DC20036
N/A PC UNRESTRICTED GENERAL 44,500
Total .................................right arrow 3a 814,643
bApproved for future payment
Total ................................. right arrow 3b  
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 ...........
         
4 Dividends and interest from securities ....     14 314,223  
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 ............
    18 1,408,301  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aFEDERAL TAX REFUND
    1 2,972  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   1,725,496  
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,725,496
(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
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
DALE & LAURA KUTNICK FOUNDATION INC
 
Employer identification number

06-1469212
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
DALE & LAURA KUTNICK FOUNDATION INC
 
Employer identification number
06-1469212
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
1
MR AND MRS DALE KUTNICK
23 SHERMAN TURNPIKE
 
REDDING, CT068962048

$ 802,677


(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
DALE & LAURA KUTNICK FOUNDATION INC
 
Employer identification number

06-1469212
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
1
SECURITIES $ 802,677 2023-08-30
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
 
$    
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
 
$    
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
 
$    
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
 
$    
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
DALE & LAURA KUTNICK FOUNDATION INC
 
Employer identification number

06-1469212
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I
(b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I
(b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I
(b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I
(b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
DALE & LAURA KUTNICK FOUNDATION INC
EIN:
06-1469212
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE 1,250     1,250

TY 2023 InvestmentsCorpBondsSchedule
Name:
DALE & LAURA KUTNICK FOUNDATION INC
EIN:
06-1469212
Name of Bond End of Year Book Value End of Year Fair Market Value
36966TBX9 GENERAL ELEC CAP COR 106,092 99,698
02079KAB3 ALPHABET INC    
594918BY9 MICROSOFT CORP 50,488 48,239

TY 2023 InvestmentsCorpStockSchedule
Name:
DALE & LAURA KUTNICK FOUNDATION INC
EIN:
06-1469212
Name of Stock End of Year Book Value End of Year Fair Market Value
74340W103 PROLOGIS INC 62,308 80,976
46269C102 IRIDIUM COMMUNICATIO 45,213 217,086
65341B106 NEXTERA ENERGY PARTN 35,236 59,426
037833100 APPLE INC 262,044 1,734,034
30303M102 FACEBOOK INC 49,105 252,110
366651107 GARTNER INC NEW CL A 302,275 2,705,130
036752103 ANTHEM INC    
931142103 WAL MART STORES INC 344,617 790,582
254687106 WALT DISNEY CO/THE 206,960 207,715
717081103 PFIZER INC 19,039 32,765
46625H100 J P MORGAN CHASE & C 273,053 439,309
883556102 THERMO FISHER SCIENT 38,874 90,139
907818108 UNION PACIFIC CORP 94,148 98,423
F5362H107 IPSEN PROMESSES 46,866 220,888
307305102 FANUC CORP 103,690 68,700
459200101 INTERNATIONAL BUSINE 144,743 165,686
H1467J104 CHUBB LTD 47,972 140,294
09247X101 BLACKROCK INC 175,146 196,043
172967424 CITIGROUP INC 47,336 63,460
43300A203 HILTON WORLDWIDE HOL 39,738 69,824
65339F101 NEXTERA ENERGY INC    
438516106 HONEYWELL INTERNATIO 44,025 50,823
404609109 HACKETT GROUP INC/TH 41,820 146,849
466249208 J SAINSBURY PLC 124,987 130,632
458140100 INTEL CORPORATION 150,295 133,945
594918104 MICROSOFT CORP COM 139,377 558,688
92826C839 VISA INC 82,945 211,026
488152208 KELLY SERVICES INC 99,343 134,883
98954M200 ZILLOW GROUP INC SHS 126,663 162,365
235851102 DANAHER CORP    
01609W102 ALIBABA GROUP HOLDIN 40,502 37,440
86771W105 SUNRUN INC SHS 1,667,840 1,032,235
110122108 BRISTOL-MYERS SQUIBB 16,419 24,918
22160K105 COSTCO WHSL CORP NEW 82,763 279,647
747525103 QUALCOMM INC 78,194 214,119
437076102 HOME DEPOT INC/THE 119,903 227,198
00206R102 AT&T INC 190,549 146,192
02079K305 ALPHABET INC SHS 216,386 888,163
478160104 JOHNSON & JOHNSON 20,031 47,648
58933Y105 MERCK AND CO INC SHS 19,094 68,338
92857W308 VODAFONE GROUP PLC 93,566 26,610
023135106 AMAZON COM INC 158,074 270,164
98978V103 ZOETIS INC 80,962 94,828
06684L103 BAOZUN INC SHS CL A    
64104Y106 NESTE OYJ 91,429 132,750
257554105 DOMO INC 200,599 52,689
778296103 ROSS STORES INC 78,870 116,547
67059N108 NUTANIX INC 150,083 381,464
713448108 PEPSICO INC 57,616 54,922
89832Q109 TRUIST FINL CORP 25,379 31,197
29355A107 ENPHASE ENERGY INC 939,424 536,440
058498106 BALL CORP 35,868 30,550
756109104 REALTY INCOME CORP 40,098 34,386
05464C101 AXON ENTERPRISE INC 48,971 294,240
08862E109 BEYOND MEAT INC REG 635,030 33,550
559222401 MAGNA INTERNATIONAL 38,995 27,151
87612E106 TARGET CORP 69,288 70,763
244199105 DEERE & CO    
20030N101 COMCAST CORP 49,330 44,603
291011104 EMERSON ELECTRIC CO 65,502 78,544
126408103 CSX CORP 41,126 41,545
91324P102 UNITEDHEALTH GROUP I    
G5960L103 MEDTRONIC PLC SHS 76,944 54,861
742718109 PROCTER & GAMBLE CO/ 69,398 76,688
911312106 UNITED PARCEL SERVIC    
882508104 TEXAS INSTRUMENTS IN 80,591 85,788
42824C109 HEWLETT PACKARD ENTE 66,491 82,775
Y58473102 MAXEON SOLAR 255,121 12,795
686275108 ORION ENERGY SYS 91,473 16,650
532457108 ELI LILLY & CO 85,538 210,954
22822V101 CROWN CASTLE INTERNA    
29364G103 ENTERGY CORP    
92343V104 VERIZON COMMUNICATIO    
11135F101 BROADCOM INC 104,724 300,234
09228F103 BLACKBERRY LTD SHS 476,639 125,488
30222R109 EXRO TECHNOLOGIES IN 67,164 9,208
925652109 VICI PROPERTIES INC    
701094104 PARKER-HANNIFIN CORP 111,254 182,092
92766K106 VIRGIN GALACTIC HLDG    
25058X105 DESKTOP METAL INC    
87165B103 SYNCHRONY FINANCIAL 64,555 88,717
G29183103 EATON CORP PLC 53,918 85,599
580135101 MC DONALDS CORPORATI 80,100 74,668
74251V102 PRINCIPAL FINANCIAL 59,934 65,584
891160509 TORONTO-DOMINION BAN 60,516 50,783
67066G104 NVIDIA CORP 87,314 481,806
743315103 PROGRESSIVE CORP/THE 92,323 166,583
98389B100 XCEL ENERGY INC    
163092109 CHEGG INC 168,350 15,800
934423104 WARNER BROS DISCOVER 59,665 13,764
369604301 GENERAL ELEC CO REG 145,506 198,713
025816109 AMERICAN EXPRESS CO 73,710 97,251
369550108 GENERAL DYNAMICS COR 22,512 27,853
697435105 PALO ALTO NETWORKS I 48,372 102,042
40412C101 HCA HEALTHCARE INC 78,646 91,886
855244109 STARBUCKS CORP    
101137107 BOSTON SCIENTIFIC CO 86,679 135,230
654106103 NIKE INC CL B    
075887109 BECTON DICKINSON AND    
666807102 NORTHROP GRUMMAN COR    
097023105 BOEING CO/THE    
37045V100 GENERAL MOTORS CO    
500754106 KRAFT HEINZ CO/THE 65,889 54,097
81762P102 SERVICENOW INC 69,925 120,361
36266G107 GE HEALTHCARE 54,852 32,415
68404L201 OPTION CARE HEALTH I 61,098 211,490
67103H107 O'REILLY AUTOMOTIVE    
460690100 INTERPUBLIC GROUP OF 60,829 44,944
23331A109 DR HORTON INC 47,371 62,432
012653101 ALBEMARLE CORP    
020002101 ALLSTATE CORP/THE 35,466 35,924
03073E105 AMERISOURCEBERGEN CO 55,495 57,226
032095101 AMPHENOL CORP 93,514 121,940
09581B103 BLUE OWL CAP INC 34,315 48,688
209115104 CONSOLIDATED EDISON 58,370 60,359
25058X303 DESKTOP METAL INC RE 422,059 10,738
253868103 DIGITAL REALTY TRUST 66,388 89,101
36828A101 GE VERNOVA LLC 37,963 53,511
40434L105 HP INC 35,000 43,775
443201108 HOWMET AEROSPACE INC 46,779 60,163
49177J102 KENVUE INC 69,333 59,994
573284106 MARTIN MARIETTA MATE 83,164 78,019
579780206 MC CORMICK & CO INC 67,276 54,127
64110L106 NETFLIX COM INC 117,159 141,725
78409V104 S&P GLOBAL INC 85,151 88,754
828806109 SIMON PROPERTY GROUP 55,464 57,077
88160R101 TESLA MTRS INC 70,353 75,194
911363109 UNITED RENTALS INC 46,431 69,200
92766K403 VIRGIN GALACTIC HLDG 110,600 2,108
95040Q104 WELLTOWER INC 116,933 141,780
N3167Y103 FERRARI NV 70,096 75,548

TY 2023 InvestmentsOtherSchedule2
Name:
DALE & LAURA KUTNICK FOUNDATION INC
EIN:
06-1469212
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
78463X202 SPDR EURO STOXX 50 E AT COST 204,983 290,174
278277108 EATON VANCE ENH INCO AT COST 108,778 239,580
92204A504 VANGUARD HEALTH CARE AT COST 26,542 133,000
464288448 SHARES DJ EPAC SEL D AT COST 186,106 149,418
461418162 AAM/BAHL & GAYNOR IN AT COST 250,000 347,876

TY 2023 LegalFeesSchedule
Name:
DALE & LAURA KUTNICK FOUNDATION INC
EIN:
06-1469212
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES - PRINCIPAL (ALLOCA 17,937     17,937


TY 2023 OtherAssetsSchedule
Name:
DALE & LAURA KUTNICK FOUNDATION INC
EIN:
06-1469212
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
71IH89990 BLACKSTONE STRATEGIC 85,723 87,628 129,386


TY 2023 OtherDecreasesSchedule
Name:
DALE & LAURA KUTNICK FOUNDATION INC
EIN:
06-1469212
Description Amount
EXCESS FMV/COST ADJ FOR CONTRIBUTION 582,795


TY 2023 OtherExpensesSchedule
Name:
DALE & LAURA KUTNICK FOUNDATION INC
EIN:
06-1469212
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER EXPENSE (NON-DEDUCTIBLE 1,632 1,632   0
OTHER CHARITABLE EXPENSES 9,482 0   9,482


TY 2023 OtherIncomeSchedule2
Name:
DALE & LAURA KUTNICK FOUNDATION INC
EIN:
06-1469212
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
FEDERAL TAX REFUND 2,972 0  


TY 2023 OtherIncreasesSchedule
Name:
DALE & LAURA KUTNICK FOUNDATION INC
EIN:
06-1469212
Description Amount
PRIOR YEAR - YE SALES 17,466
PRIOR YEAR - YEAR END PURCHASES 216,070
TIMING DIFFERENCE 7,858


TY 2023 OtherProfessionalFeesSchedule
Name:
DALE & LAURA KUTNICK FOUNDATION INC
EIN:
06-1469212
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMNT MNGMNT FEES (NON-DED 107,827 64,696   43,131


TY 2023 SubstantialContributorsSch
Name:
DALE & LAURA KUTNICK FOUNDATION INC
EIN:
06-1469212
Name Address
MR AND MRS DALE KUTNICK 23 SHERMAN TURNPIKE
REDDING,CT068962048


TY 2023 TaxesSchedule
Name:
DALE & LAURA KUTNICK FOUNDATION INC
EIN:
06-1469212
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 6,326 6,326   0
EXCISE TAX ESTIMATES 7,000 0   0
FOREIGN TAXES ON NONQUALIFIED 60 60   0