| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 12,000 | 6,000 | 0 | 6,000 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| STATEMENT REGARDING COMPENSATION TO DISQUALIFIED PERSON | FORM 990-PF, PART VI-B | DURING THE TAX YEAR, THE FOUNDATION PAID $12,000 TO AN ACCOUNTING FIRM WHOLLY OWNED BY A FOUNDATION DIRECTOR FOR ACCOUNTING SERVICES PERSONALLY PERFORMED BY THE DIRECTOR. THE SERVICES WERE REASONABLE AND NECESSARY TO CARRYING OUT THE FOUNDATION'S EXEMPT PURPOSES, AND THE COMPENSATION WAS REASONABLE AND NOT EXCESSIVE. ACCORDINGLY, THE PAYMENT QUALIFIES FOR THE EXCEPTION TO SELF-DEALING UNDER IRC 4941(D)(2)(E) AND TREAS. REG. 53.4941(D)-3(C). |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| MERRILL LYNCH - MUTUAL FUNDS | 5,203,139 | 5,351,334 | 5,990,214 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MEETING/TRAVEL EXPENSES | 145 | 73 | 0 | 72 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FINANCIAL ADVISOR FEES | 15,720 | 15,720 | 0 | 0 |
| PROFESSIONAL FEES | 1,250 | 625 | 0 | 625 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN INCOME TAXES PAID | 4,660 | 4,660 | 0 | 0 |
| INCOME TAXES | 10,000 | 10,000 | 0 | 0 |