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FORM 990-PF, PART VII-A, LINE 10: |
HESS FOUNDATION, INC. YEAR ENDED NOVEMBER 30,2019 FORM 990-PF, PART VII-A, LINE 10: CONTRIBUTIONS RECEIVED THE LEON HESS 25-YEAR CHARITABLE LEAD ANNUITY TRUST 1185 AVENUE OF THE AMERICAS NEW YORK, NY 10036 CASH CONTRIBUTIONS 11/30/19WHILE THE AMOUNTS RECEIVED FROM THE HESS 25-YEAR CHARITABLE LEAD ANNUITY TRUST WERE IN EXCESS OF THE AMOUNTS SPECIFIED IN SECTION 507 (D) (2) (A) OF THE CODE, IT IS NOT CLEAR THAT SUCH TRUST IS A SUBSTANTIAL CONTRIBUTOR, AS DEFINED IN THE CODE, SINCE THE PAYMENTS WERE MADE PURSUANT TO THE WILL OF LEON HESS, DECEASED WHO WAS SUBSTANTIAL CONTRIBUTOR. |
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FORM 990-PF, PART VII-B, LINE 1A(4): |
THE HESS GROUP, INC., A DISQUALIFIED PERSON WITH RESPECT TO THE FOUNDATION, RECEIVED COMPENSATION FROM THE FOUNDATION THE YEAR ENDED NOVEMBER 30, 2019 FOR PROFESSIONAL SERVICES RENDERED TO THE FOUNDATION. BECAUSE THE COMPENSATION WAS REASONABLE, IT MEETS THE REQUIREMENTS FOR THE EXCEPTION TO SELF-DEALING UNDER THE REGULATIONS OF INTERNAL REVENUE CODE SECTION 4941. |
| EXPENDITURE RESPONSIBILITY STATEMENT |
PART VII-B, LINE 5C |
GRANTEE'S NAME : HESS PHILANTHROPIC FUNDGRANTEE'S ADDRESS : C/O TAG ASSOCIATES, 810 SEVENTH AVENUE, 7TH FLOOR NEW YORK, NY 10019GRANT AMOUNT : 10,535,373DATE OF GRANT : 12/31/16AMOUNT EXPENDED : 10,535,373VERIFICATION DATE : 04/26/19PURPOSE OF GRANT : ENDOWMENTDATES OF REPORTS BY GRANTEE : 4/26/19ANY DIVERSION BY GRANTEE : TO OUR KNOWLEDGE, THE GRANTEE HAS NOT DIVERTED ANY PORTION OF THE FUNDSRESULTS OF VERIFICATION : THE ORGANIZATON HAS NO REASON TO BELIEVE THAT ASSETS ARE BEING USED FOR ANY PURPOSES OTHER THAN CHARITABLEGRANTEE'S NAME : HESS PHILANTHROPIC FUNDGRANTEE'S ADDRESS : C/O TAG ASSOCIATES, 810 SEVENTH AVENUE, 7TH FLOOR NEW YORK, NY 10019GRANT AMOUNT : 235006430DATE OF GRANT : 12/31/17AMOUNT EXPENDED : 7,125,007VERIFICATION DATE : 04/26/19PURPOSE OF GRANT : ENDOWMENTDATES OF REPORTS BY GRANTEE : 4/26/19ANY DIVERSION BY GRANTEE : TO OUR KNOWLEDGE, THE GRANTEE HAS NOT DIVERTED ANY PORTION OF THE FUNDSRESULTS OF VERIFICATION : THE ORGANIZATON HAS NO REASON TO BELIEVE THAT ASSETS ARE BEING USED FOR ANY PURPOSES OTHER THAN CHARITABLEGRANTEE'S NAME : HESS PHILANTHROPIC FUNDGRANTEE'S ADDRESS : C/O TAG ASSOCIATES, 810 SEVENTH AVENUE, 7TH FLOOR NEW YORK, NY 10019GRANT AMOUNT : 1,041,359DATE OF GRANT : 1/19/17AMOUNT EXPENDED : 1,041,359VERIFICATION DATE : 04/26/19PURPOSE OF GRANT : ENDOWMENTDATES OF REPORTS BY GRANTEE : 4/26/19ANY DIVERSION BY GRANTEE : TO OUR KNOWLEDGE, THE GRANTEE HAS NOT DIVERTED ANY PORTION OF THE FUNDSRESULTS OF VERIFICATION : THE ORGANIZATON HAS NO REASON TO BELIEVE THAT ASSETS ARE BEING USED FOR ANY PURPOSES OTHER THAN CHARITABLEGRANTEE'S NAME : HESS PHILANTHROPIC FUNDGRANTEE'S ADDRESS : C/O TAG ASSOCIATES, 810 SEVENTH AVENUE, 7TH FLOOR NEW YORK, NY 10019GRANT AMOUNT : 192,803DATE OF GRANT : 10/06/17AMOUNT EXPENDED : 192,803VERIFICATION DATE : 04/26/19PURPOSE OF GRANT : ENDOWMENTDATES OF REPORTS BY GRANTEE : 4/26/19ANY DIVERSION BY GRANTEE : TO OUR KNOWLEDGE, THE GRANTEE HAS NOT DIVERTED ANY PORTION OF THE FUNDSRESULTS OF VERIFICATION : THE ORGANIZATON HAS NO REASON TO BELIEVE THAT ASSETS ARE BEING USED FOR ANY PURPOSES OTHER THAN CHARITABLE |