Instrumentl eFile Render
Object ID: 202011979349102801 - Rendered 2024-05-07
TIN: 23-3031350
Form
990-PF
Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to
www.irs.gov/Form990PF
for instructions and the latest information.
OMB No. 1545-0052
20
18
Open to Public Inspection
For calendar year 2018, or tax year beginning
07-01-2018
, and ending
06-30-2019
Name of foundation
The Lenfest Foundation Inc
Number and street (or P.O. box number if mail is not delivered to street address)
100 N 18th Street No 800
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Philadelphia
,
PA
19103
A Employer identification number
23-3031350
B
Telephone number (see instructions)
(215) 239-9003
C
If exemption application is pending, check here
G
Check all that apply:
Initial return
Initial return of a former public charity
Final return
Amended return
Address change
Name change
D 1.
Foreign organizations, check here.............
2
. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
If private foundation status was terminated
under section 507(b)(1)(A), check here .......
H
Check type of organization:
Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust
Other taxable private foundation
F
If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here .......
I
Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)
$
60,730,885
J
Accounting method:
Cash
Accrual
Other (specify)
(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)
1
Contributions, gifts, grants, etc., received (attach schedule)
2
Check
.............
3
Interest on savings and temporary cash investments
4
Dividends and interest from securities
...
978,691
978,691
0
5a
Gross rents
............
b
Net rental income or (loss)
6a
Net gain or (loss) from sale of assets not on line 10
499,083
b
Gross sales price for all assets on line 6a
21,355,715
7
Capital gain net income (from Part IV, line 2)
...
499,083
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)
.......
12
Total.
Add lines 1 through 11
........
1,477,774
1,477,774
0
13
Compensation of officers, directors, trustees, etc.
136,500
13,650
0
122,850
14
Other employee salaries and wages
......
82,023
8,202
0
73,821
15
Pension plans, employee benefits
.......
39,877
3,988
0
35,889
16a
Legal fees (attach schedule)
.........
b
Accounting fees (attach schedule)
.......
25,729
12,864
0
12,865
c
Other professional fees (attach schedule)
....
250,591
243,833
0
6,758
17
Interest
...............
18
Taxes (attach schedule) (see instructions)
...
52,060
1,654
0
14,885
19
Depreciation (attach schedule) and depletion
...
6,665
0
3,666
20
Occupancy
..............
71,690
14,338
0
57,352
21
Travel, conferences, and meetings
.......
5,650
0
0
5,650
22
Printing and publications
..........
23
Other expenses (attach schedule)
.......
56,873
10,965
0
45,908
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
727,658
309,494
3,666
375,978
25
Contributions, gifts, grants paid
.......
32,994,160
11,017,160
26
Total expenses and disbursements.
Add lines 24 and 25
33,721,818
309,494
3,666
11,393,138
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
-32,244,044
b
Net investment income
(if negative, enter -0-)
1,168,280
c
Adjusted net income
(if negative, enter -0-)
...
0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X
Form
990-PF
(2018)
Form 990-PF (2018)
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
1
Cash—non-interest-bearing
.............
636,222
13,273,477
13,273,477
2
Savings and temporary cash investments
.........
3,491,629
775,457
775,457
3
Accounts receivable
Less: allowance for doubtful accounts
4
Pledges receivable
Less: allowance for doubtful accounts
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)
Less: allowance for doubtful accounts
8
Inventories for sale or use
..............
9
Prepaid expenses and deferred charges
..........
10a
Investments—U.S. and state government obligations (attach schedule)
22,712,155
11,658,913
11,658,913
b
Investments—corporate stock (attach schedule)
.......
16,205,206
13,303,077
13,303,077
c
Investments—corporate bonds (attach schedule)
.......
5,323,845
5,141,936
5,141,936
11
Investments—land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
12
Investments—mortgage loans
.............
13
Investments—other (attach schedule)
..........
19,383,427
11,512,378
11,512,378
14
Land, buildings, and equipment: basis
106,053
Less: accumulated depreciation (attach schedule)
98,527
6,410
7,526
7,526
15
Other assets (describe
)
1,287,866
5,058,121
5,058,121
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
69,046,760
60,730,885
60,730,885
17
Accounts payable and accrued expenses
..........
65,206
33,558
18
Grants payable
.................
22,738,974
21,910,737
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
)
73,897
86,219
23
Total liabilities
(add lines 17 through 22)
.........
22,878,077
22,030,514
Foundations that follow SFAS 117, check here
and complete lines 24 through 26 and lines 30 and 31.
24
Unrestricted
..................
46,168,683
38,700,371
25
Temporarily restricted
...............
26
Permanently restricted
...............
Foundations that do not follow SFAS 117, check here
and complete lines 27 through 31.
27
Capital stock, trust principal, or current funds
........
28
Paid-in or capital surplus, or land, bldg., and equipment fund
29
Retained earnings, accumulated income, endowment, or other funds
30
Total net assets or fund balances
(see instructions)
.....
46,168,683
38,700,371
31
Total liabilities and net assets/fund balances
(see instructions)
.
69,046,760
60,730,885
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 30 (must agree with end-of-year figure reported on prior year’s return)
...............
1
46,168,683
2
Enter amount from Part I, line 27a
.....................
2
-32,244,044
3
Other increases not included in line 2 (itemize)
3
24,775,732
4
Add lines 1, 2, and 3
..........................
4
38,700,371
5
Decreases not included in line 2 (itemize)
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30
.
6
38,700,371
Form
990-PF
(2018)
Form 990-PF (2018)
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
2018-06-30
2019-06-30
b
Metropolitan Real Estate Partners II
P
2018-06-30
2019-06-30
c
Carlyle Riverstone
P
2018-06-30
2019-06-30
d
Landmark Equity Partners XI
P
2018-06-30
2019-06-30
e
Victoria Offshore
P
2018-06-30
2019-06-30
Metropolitan Real Estate Partners II
P
2019-03-01
2019-06-30
(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
21,121,477
20,437,054
684,423
b
262,777
-262,777
c
150,023
-150,023
d
6,525
-6,525
e
234,238
234,238
253
-253
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
684,423
b
-262,777
c
-150,023
d
-6,525
e
234,238
-253
2
Capital gain net income or (net capital loss)
If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
2
499,083
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
...................
3
-253
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)
If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
Yes
No
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1
Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in)
(b)
Adjusted qualifying distributions
(c)
Net value of noncharitable-use assets
(d)
Distribution ratio
(col. (b) divided by col. (c))
2017
15,189,739
73,614,661
0.206341
2016
10,346,823
80,588,773
0.128390
2015
10,244,968
87,644,843
0.116892
2014
7,099,769
100,708,846
0.070498
2013
9,993,764
103,957,760
0.096133
2
Total
of line 1, column (d)
.....................
2
0.618254
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years
......
3
0.123651
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5
......
4
62,513,627
5
Multiply line 4 by line 3
......................
5
7,729,872
6
Enter 1% of net investment income (1% of Part I, line 27b)
...........
6
11,683
7
Add lines 5 and 6
........................
7
7,741,555
8
Enter qualifying distributions from Part XII, line 4
,.............
8
11,393,138
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form
990-PF
(2018)
Form 990-PF (2018)
Page
4
Part VI
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
and enter “N/A" on line 1.
Date of ruling or determination letter:
(attach copy of letter if necessary–see instructions)
b
Domestic foundations that meet the section 4940(e) requirements in Part V, check
1
11,683
here
and enter 1% of Part I, line 27b
...................
c
All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% 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
11,683
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
11,683
6
Credits/Payments:
a
2018 estimated tax payments and 2017 overpayment credited to 2018
6a
30,000
b
Exempt foreign organizations—tax withheld at source
......
6b
c
Tax paid with application for extension of time to file (Form 8868)
...
6c
0
d
Backup withholding erroneously withheld
...........
6d
0
7
Total credits and payments. Add lines 6a through 6d
..............
7
30,000
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
.......
9
10
Overpayment.
If line 7 is more than the total of lines 5 and 8, enter the
amount overpaid
...
10
18,317
11
Enter the amount of line 10 to be:
Credited to 2019 estimated tax
18,317
Refunded
11
0
Part VII-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 Instructions
for 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.
$
0
(2)
On foundation managers.
$
0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.
$
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:
By language in the governing instrument, or
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 XV.
.................................
7
Yes
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
PA
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 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
If "Yes," complete Part XIV
.............................
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
Form
990-PF
(2018)
Form 990-PF (2018)
Page
5
Part VII-A
Statements Regarding Activities
(continued)
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
Yes
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
Website address
LENFESTFOUNDATION.ORG
14
The books are in care of
The Foundation
Telephone no.
(215) 239-9003
Located at
100 N 18th Street No 800
Philadelphia
PA
ZIP+4
19103
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of
Form 1041
—check here
.........
and enter the amount of tax-exempt interest received or accrued during the year
........
15
16
At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over
Yes
No
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
Part VII-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?
Yes
No
(2)
Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person?
......................
Yes
No
(3)
Furnish goods, services, or facilities to (or accept them from) a disqualified person?
Yes
No
(4)
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
Yes
No
(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)?
...............
Yes
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.)
.......
Yes
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
Organizations relying on a current notice regarding disaster assistance check here
........
c
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 2018?
.............
1c
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 2018, did the foundation have any undistributed income (lines 6d
and 6e, Part XIII) for tax year(s) beginning before 2018?
.............
Yes
No
If "Yes," list the years
20
,
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.
20
,
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?
......................
Yes
No
b
If "Yes," did it have excess business holdings in 2018 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 2018.)
..................
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 2018?
4b
No
Form
990-PF
(2018)
Form 990-PF (2018)
Page
6
Part VII-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))?
Yes
No
(2)
Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive?
.............
Yes
No
(3)
Provide a grant to an individual for travel, study, or other similar purposes?
Yes
No
(4)
Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions
................
Yes
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?
.....
Yes
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
Organizations relying on a current notice regarding disaster assistance check here
.........
c
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?
..........
Yes
No
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?
.....................
Yes
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?
Yes
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?
.................
Yes
No
Part VIII
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
Dr Keith L Leaphart
Board Chair
1.00
0
0
0
100 North 18th Street
Philadelphia
,
PA
19103
Joseph F Huber
Vice Chair/Treasurer
1.00
0
0
0
100 North 18th Street
Philadelphia
,
PA
19103
Marguerite Lenfest
President
3.00
0
0
0
100 North 18th Street
Philadelphia
,
PA
19103
Grahame Richards
Secretary
2.00
7,500
0
0
100 North 18th Street
Philadelphia
,
PA
19103
Jeffrey A Beachell
Director
1.00
0
0
0
100 North 18th Street
Philadelphia
,
PA
19103
HF Gerry Lenfest
Former Director
5.00
0
0
0
100 North 18th Street
Philadelphia
,
PA
19103
Wes Somerville
Executive Director
35.00
136,500
6,442
0
100 North 18th Street
Philadelphia
,
PA
19103
Diane Myer
Director
1.00
0
0
0
100 North 18th Street
Philadelphia
,
PA
19103
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
Georgea Ferrante
Administrator
35.00
82,023
4,091
0
100 N 18th Street
Philadelphia
,
PA
19103
Total
number of other employees paid over $50,000
...................
0
Form
990-PF
(2018)
Form 990-PF (2018)
Page
7
Part VIII
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
.............
0
Part IX-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
The Foundation is a private non-operating foundation, and as such, its only activity is to make grants or contributions to other 501(c)(3) organizations, principally to public charities.
0
2
3
4
Part IX-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
.........................
0
Form
990-PF
(2018)
Form 990-PF (2018)
Page
8
Part X
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
43,063,100
b
Average of monthly cash balances
.......................
1b
4,954,609
c
Fair market value of all other assets (see instructions)
................
1c
15,447,902
d
Total
(add lines 1a, b, and c)
.........................
1d
63,465,611
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
63,465,611
4
Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
instructions)
.............................
4
951,984
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3. Enter here and on Part V, line 4
5
62,513,627
6
Minimum investment return.
Enter 5% of line 5
..................
6
3,125,681
Part XI
Distributable Amount
(see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here
and do not complete this part.)
1
Minimum investment return from Part X, line 6
....................
1
3,125,681
2a
Tax on investment income for 2018 from Part VI, line 5
......
2a
11,683
b
Income tax for 2018. (This does not include the tax from Part VI.)
...
2b
c
Add lines 2a and 2b
............................
2c
11,683
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
3,113,998
4
Recoveries of amounts treated as qualifying distributions
................
4
0
5
Add lines 3 and 4
............................
5
3,113,998
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 XIII, line 1
...
7
3,113,998
Part XII
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
11,393,138
b
Program-related investments—total from Part IX-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 V, line 8, and Part XIII, line 4
4
11,393,138
5
Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
income. Enter 1% of Part I, line 27b. See instructions
.................
5
11,683
6
Adjusted qualifying distributions.
Subtract line 5 from line 4
..............
6
11,381,455
Note:
The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.
Form
990-PF
(2018)
Form 990-PF (2018)
Page
9
Part XIII
Undistributed Income
(see instructions)
(a)
Corpus
(b)
Years prior to 2017
(c)
2017
(d)
2018
1
Distributable amount for 2018 from Part XI, line 7
3,113,998
2
Undistributed income, if any, as of the end of 2018:
a
Enter amount for 2017 only
.......
0
b
Total for prior years:
20
,
20
,
20
0
3
Excess distributions carryover, if any, to 2018:
a
From 2013
......
4,999,820
b
From 2014
......
2,227,371
c
From 2015
......
5,908,986
d
From 2016
......
6,374,910
e
From 2017
......
11,523,901
f
Total
of lines 3a through e
........
31,034,988
4
Qualifying distributions for 2018 from Part
XII, line 4:
$
11,393,138
a
Applied to 2017, 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 2018 distributable amount
.....
3,113,998
e
Remaining amount distributed out of corpus
8,279,140
5
Excess distributions carryover applied to 2018.
0
0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6
Enter the net total of each column as
indicated below:
a
Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
39,314,128
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 2017. Subtract line
4a from line 2a. Taxable amount—see
instructions
.............
0
f
Undistributed income for 2018. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2019
..........
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 2013 not
applied on line 5 or line 7 (see instructions)
...
4,999,820
9
Excess distributions carryover to 2019.
Subtract lines 7 and 8 from line 6a
......
34,314,308
10
Analysis of line 9:
a
Excess from 2014
....
2,227,371
b
Excess from 2015
....
5,908,986
c
Excess from 2016
....
6,374,910
d
Excess from 2017
....
11,523,901
e
Excess from 2018
....
8,279,140
Form
990-PF
(2018)
Form 990-PF (2018)
Page
10
Part XIV
Private Operating Foundations
(see instructions and Part VII-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 2018, enter the date of the ruling
.......
b
Check box to indicate whether the organization is a private operating foundation described in section
4942(j)(3)
or
4942(j)(5)
2a
Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part X for each
year listed
..........
Tax year
Prior 3 years
(e) Total
(a)
2018
(b)
2017
(c)
2016
(d)
2015
b
85% of line 2a
.........
c
Qualifying distributions from Part XII,
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 X, 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 XV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1
Information Regarding Foundation Managers:
a
List 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).)
HF Gerry Lenfest
b
List 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.
2
Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here
if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
a
The name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
The Lenfest Foundation
Two Logan Square 100 N 18th Street
Suite 800
Philadelphia
,
PA
19103
(215) 239-9003
b
The form in which applications should be submitted and information and materials they should include:
Instructions relating to what information to include with your application is included in the "Grantmaking" section of the website, or can be obtained by submitting a request to the Foundation.
c
Any submission deadlines:
None
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
The website lists "Areas of Non-Support" which include disease research, programs dealing with health or disabilities, politial organizations, litigation, publications, university presses, studies lacking action plans for utilization, parties, conferences, fairs, festivals and others. Also, the Foundation does not purchase tickets, tables, ads or sponsorships.
Form
990-PF
(2018)
Form 990-PF (2018)
Page
11
Part XV
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)
a
Paid during the year
AARP Foundation Experience Corps
1709 Benjamin Franklin Parkway
Philadelphia
,
PA
19103
Public Charity
General operating support
20,000
Academy of Natural Sciences of Philadelphia
1900 Benjamin Franklin Parkway
Philadelphia
,
PA
19103
Public Charity
WINS program
20,000
After School Activities Partnerships
1520 Locust Street
Philadelphia
,
PA
19102
Public Charity
OST programs
70,000
After School All-Stars
1501 Cherry Street
Philadelphia
,
PA
19102
Public Charity
Launch summer programming at three schools
141,000
Art Reach Inc
1501 Cherry Street
Philadelphia
,
PA
19102
Public Charity
General operating support
10,000
Artwell
100 W Oxford Street
Philadelphia
,
PA
19122
Public Charity
Youth leadership programs
60,000
Bicycle Coalition of Greater Philadelphia
1500 Walnut Street
Philadelphia
,
PA
19102
Public Charity
General operating support
5,000
Big Brothers Big Sisters of Southeastern PA
123 South Broad Street
Philadelphia
,
PA
19109
Public Charity
Youth mentoring
350,000
Bournelyf Special Camp
1066 South New Street
West Chester
,
PA
19382
Public Charity
General operating support
25,000
Boys Latin of Philadelphia Charter School
5501 Cedar Avenue
Philadelphia
,
PA
19143
Public Charity
Extended day program
100,000
Bucks for Kids
25 North Main Street
Doylestown
,
PA
18901
Public Charity
General operating support
5,000
Building 21
2000 N 7th Street
Philadelphia
,
PA
19122
Public Charity
Individualized career instruction
450,000
Caring People Alliance
1628 JFK Boulevard
Philadelphia
,
PA
19103
Public Charity
Summer camp
25,000
Center for Employment Opportunities
245 North Broad Street
Philadelphia
,
PA
19107
Public Charity
Growth and career pathways
250,000
Chester County Futures
704 Haywood Drive
Exton
,
PA
19341
Public Charity
General operating support
25,000
Chipping Hill Micro Farms Inc
3 Springhouse Lane
Blue Bell
,
PA
19422
Public Charity
Weekly gardening classes
10,000
Philadelphia Mural Arts Advocates
1727-29 Mount Vernon Street
Philadelphia
,
PA
19130
Public Charity
Restorative justice program
125,000
City Year Greater Philadelphia
211 North 13th Street
Philadelphia
,
PA
19107
Public Charity
City Year at Duckrey
220,000
Coded By Kids
3675 Market Street
Philadelphia
,
PA
19104
Public Charity
OST programs
50,000
Community College of Philadelphia Foundation
1700 Spring Garden Street
Philadelphia
,
PA
19130
Public Charity
P-TECH Philly planning grant
100,000
Congreso de Latinos Unidos Inc
216 West Somerset Street
Philadelphia
,
PA
19133
Public Charity
Middle School career pathways
80,000
Cradle of Liberty Council Boy Scouts of America
1485 Valley Forge Road
Wayne
,
PA
19087
Public Charity
General operating support
30,000
Cradles to Crayons
4700 Wissahickon Avenue
Philadelphia
,
PA
19144
Public Charity
Everyday Essentials
10,000
Drexel University
3141 Chestnut Street
Philadelphia
,
PA
19104
Public Charity
Center for Cultural Partnerships Co-ops
1,000,000
Drueding Center
413 West Master Street
Philadelphia
,
PA
19122
Public Charity
General operating support
20,000
Education Law Center
1800 JFK Blvd
Philadelphia
,
PA
19103
Public Charity
General operating support
100,000
EducationWorks
990 Spring Garden Street
Philadelphia
,
PA
19123
Public Charity
Support for PowerCorpsPHL
500,000
First Step Staffing
1952 E Allegheny Avenue
Philadelphia
,
PA
19134
Public Charity
Indviduals recently experiencing homelessness
200,000
Franklin & Marshall College
PO Box 3003
Lancaster
,
PA
17604
Public Charity
Pennsylvania College advising corps
100,000
Free Library of Philadelphia Foundation
1901 Vine Street
Philadelphia
,
PA
19103
Public Charity
General operating support
25,000
Friends of Chester A Arthur School
2000 Catherine Street
Philadelphia
,
PA
19146
Public Charity
Afterschool Power Program
50,000
Girl Scouts of Eastern Pennsylvnaia
330 Manor Road
Miquon
,
PA
19444
Public Charity
General operating support
30,000
Greene Street Friends School
5511 Greene Street
Philadelphia
,
PA
19144
Public Charity
Horizons summer learning program
30,000
GreenLight Fund
1608 Walnut Street
Philadelphia
,
PA
19144
Public Charity
GreenLight Philadelphia Fund III
125,000
iPraxis
404 Chapel Road
Elkins Park
,
PA
19027
Public Charity
OST programs
50,000
JEVS Human Services
1845 Walnut Street
Philadelphia
,
PA
19103
Public Charity
Gateway Career Pathways Strategy
150,000
JEVS Human Services
1845 Walnut Street
Philadelphia
,
PA
19103
Public Charity
Reentry program
500,000
Jobs for the Future
88 Broad Street
Boston
,
MA
02110
Public Charity
Pathway to Prosperity Network
166,000
Legacy Youth Tennis and Education
4842 Ridge Avenue
Philadelphia
,
PA
19129
Public Charity
Junior instruction/youth employment
50,000
The Lenfest Institute for Journalism
801 Market Street
Philadelphia
,
PA
19107
Public Charity
Klein College High School media workshop
12,500
The Mann Center for the Performing Arts
123 South Broad Street
Philadelphia
,
PA
19109
Public Charity
General operating support
25,000
Mighty Writers
1501 Christian Street
Philadelphia
,
PA
19146
Public Charity
Capacity building for ms writing program and continuing professional development
70,000
Mom's House
145 South Main Street
Philadelphia
,
PA
19460
Public Charity
General operating support
5,000
MusicopiaDancing Classrooms Philly
2001 Market Street
Philadelphia
,
PA
19103
Public Charity
Out of school initiatives
70,000
Neighborhood Bike Works
3943 Lancaster Avenue
Philadelphia
,
PA
19104
Public Charity
Youth bike education and job training
60,000
Opera Philadelphia
1420 Locust Street
Philadelphia
,
PA
19102
Public Charity
Workforce readiness
95,660
Philadelphia Clef Club of Jazz and Performing Arts
736-38 South Broad Street
Philadelphia
,
PA
19146
Public Charity
MS Jazz education programming
40,000
The Philadelphia Foundation
1835 Market Street
Philadelphia
,
PA
19103
Public Charity
Lenfest Foundation Board members Donor Advised Funds
100,000
Philadelphia Futures for Youth
230 S Broad Street
Philadelphia
,
PA
19102
Public Charity
Sponsor-A-Scholar
100,000
Philadelphia Lawyers for Social Equity
1501 Cherry Street
Philadelphia
,
PA
19102
Public Charity
League of the economic impact that pardons could have on low-income, high-arrest communities
50,000
Philadelphia Works Inc
1617 JFK Blvd
Philadelphia
,
PA
19103
Public Charity
Pay for Success Transaction Structuring Program
80,000
Philadelphia Youth Basketball Inc
1735 Market Street
Philadelphia
,
PA
19103
Public Charity
Middle School Partnership Program and Collegiate Summer Camp Series
150,000
Philadelphia Youth Network
400 Market Street
Philadelphia
,
PA
19103
Public Charity
General operating support
100,000
Philadelphia Youth Network
400 Market Street
Philadelphia
,
PA
19103
Public Charity
WorkReady
100,000
Play On Philly
PO Box 8662
Philadelphia
,
PA
19101
Public Charity
After school music education
100,000
Project Based Learning Center Inc
221 S Hanson Street
Philadelphia
,
PA
19139
Public Charity
Support for individualized career instruction
460,000
Public Citizens for Children and Youth
990 Spring Garden Street
Philadelphia
,
PA
19123
Public Charity
General operating support
20,000
Rebuilding Together Philadelphia
4355 Orchard Street
Philadelphia
,
PA
19124
Public Charity
Vo-Tech in the House!
225,000
Retired and Senior Volunteer Program
901 East 8th Avenue
King of Prussia
,
PA
19406
Public Charity
General operating support
12,000
Salvation Army - Philadelphia
701 N Broad Street
Philadelphia
,
PA
19123
Public Charity
General operating support
30,000
Settlement Music School
PO Box 63966
Philadelphia
,
PA
19147
Public Charity
Providing Middle School students a critical path to success
50,000
Spark Program Inc
1501 Cherry Street
Philadelphia
,
PA
19102
Public Charity
Spark Philadelphia, accelerating scale, deepening impact
80,000
St James School
3217 West Clearfield Street
Philadelphia
,
PA
19132
Public Charity
General operating support
10,000
Steppingstone Scholars Inc
1301 Cecil B Moore Avenue
Philadelphia
,
PA
19122
Public Charity
Middle school grades academy
130,000
Sunrise Philadelphia
907 Cantrell Street
Philadelphia
,
PA
19148
Public Charity
Jumpstart: supporting successful transitions
70,000
TechGirlz Charitable Foundation
239 Barker Road
Philadelphia
,
PA
19095
Public Charity
TechShopz Philadelphia
35,000
University City District
3940 Chestnut Street
Philadelphia
,
PA
19104
Public Charity
Connecting Talented West Philadelphians to Life Changing Jobs: A Collaborative Approach
1,700,000
University City Science Center
3675 Market Street
Philadelphia
,
PA
19104
Public Charity
STEAM initiatives
80,000
Villanova University
800 Lancaster Avenue
Villanova
,
PA
19085
Public Charity
The Philadelphia Futures Scholars Program at Villanova University
1,000,000
WHYY Inc
150 North 6th Street
Philadelphia
,
PA
19106
Public Charity
WHYY Media Lab Program
200,000
Year Up Greater Philadelphia
1420 Pine Street
Philadelphia
,
PA
19102
Public Charity
Closing the Opportunity Guide
150,000
Philadelphia Youth for Change
1231 N Broad Street
Philadelphia
,
PA
19122
Public Charity
Support for alumni support network
300,000
YWCA of Bucks County
2425 Trevose Road
Trevose
,
PA
19053
Public Charity
General operating support
30,000
Total
.................................
3a
11,017,160
b
Approved for future payment
After School Activities Partnerships
1520 Locust Street
Philadelphia
,
PA
19102
Public Charity
OST programs
70,000
After School All-Stars
1501 Cherry Street
Philadelphia
,
PA
19102
Public Charity
Launch summer programming at three schools
282,000
Big Brothers Big Sisters of Southeastern PA
123 South Broad Street
Philadelphia
,
PA
19109
Public Charity
Youth mentoring
650,000
Boys Latin of Philadelphia Charter School
5501 Cedar Avenue
Philadelphia
,
PA
19143
Public Charity
Ensuring success in college and beyond
200,000
Building 21
2000 N 7th Street
Philadelphia
,
PA
19122
Public Charity
Individualized career instruction
225,000
Chipping Hill Micro Farms Inc
3 Springhouse Lane
Blue Bell
,
PA
19422
Public Charity
Weekly gardening classes
10,000
Drexel University
3141 Chestnut Street
Philadelphia
,
PA
19104
Public Charity
Support building a facility to house Samuel Powel Elementary and Science Leadership Academy Middle School
13,000,000
Education Law Center
1800 JFK Blvd
Philadelphia
,
PA
19103
Public Charity
General operating support
300,000
Greene Street Friends School
5511 Greene Street
Philadelphia
,
PA
19144
Public Charity
Horizons summer learning program
60,000
GreenLight Fund
1608 Walnut Street
Philadelphia
,
PA
19103
Public Charity
GreenLight Philadelphia Fund III
375,000
iPraxis
404 Chapel Road
Elkins Park
,
PA
19027
Public Charity
OST programs
50,000
Kimmel Center Inc
260 South Broad Street
Philadelphia
,
PA
19102
Public Charity
Creative Stages
600,000
KIPP Philadelphia Schools
5070 Parkside Avenue
Philadelphia
,
PA
19131
Public Charity
General operating support
200,000
Legacy Youth Tennis and Education
4842 Ridge Avenue
Philadelphia
,
PA
19129
Public Charity
Junior instruction/youth employment
50,000
The Lenfest Institute for Journalism
801 Market Street
Philadelphia
,
PA
19107
Public Charity
Klein College High School media workshop
12,500
Liguori Academy Inc
1952 Allegheny Avenue
Philadelphia
,
PA
19134
Public Charity
Experiential Learning Program
100,000
Mercy Vocational High School
2900 West Hunting Park Avenue
Philadelphia
,
PA
19129
Public Charity
General operating support
100,000
Mighty Writers
1501 Christian Street
Philadelphia
,
PA
19146
Public Charity
OST programming in North and West Philadelphia
150,000
Opera Philadelphia
1420 Locust Street
Philadelphia
,
PA
19102
Public Charity
Workforce readiness
12,500
Philadelphia Futures for Youth
230 S Broad Street
Philadelphia
,
PA
19102
Public Charity
Sponsor-A-Scholar
200,000
Philadelphia Youth Basketball Inc
1735 Market Street
Philadelphia
,
PA
19103
Public Charity
Middle School Partnership Program and Collegiate Summer Camp Series
150,000
Philadelphia Youth Network
400 Market Street
Philadelphia
,
PA
19103
Public Charity
General operating support
100,000
Play On Philly
PO Box 8662
Philadelphia
,
PA
19101
Public Charity
After school music education
150,000
Project Based Learning Center Inc
221 S Hanson Street
Philadelphia
,
PA
19139
Public Charity
Support for individualized career instruction
230,000
Settlement Music School
PO Box 63966
Philadelphia
,
PA
19147
Public Charity
Providing Middle School students a critical path to success
100,000
Spark Program Inc
1501 Cherry Street
Philadelphia
,
PA
19102
Public Charity
Middle school mentoring
150,000
Summer Search
1528 Walnut Street
Philadelphia
,
PA
19102
Public Charity
Hybrid mentoring in Philadelphia
150,000
Turning Points for Children
415 South 15th Street
Philadelphia
,
PA
19146
Public Charity
YVLifeset
750,000
University City District
3940 Chestnut Street
Philadelphia
,
PA
19104
Public Charity
Connecting Talented West Philadelphians to Life Changing Jobs: A Collaborative Approach
2,000,000
Villanova University
800 Lancaster Avenue
Villanova
,
PA
19085
Public Charity
The Philadelphia Futures Scholars Program at Villanova University
1,000,000
WHYY Inc
150 North 6th Street
Philadelphia
,
PA
19106
Public Charity
WHYY Media Lab Program
400,000
Philadelphia Youth for Change
1231 N Broad Street
Philadelphia
,
PA
19122
Public Charity
Support for alumni support network
150,000
Total
.................................
3b
21,977,000
Form
990-PF
(2018)
Form 990-PF (2018)
Page
12
Part XVI-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.)
1
Program service revenue:
(a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
b
c
d
e
f
g
Fees 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
978,691
5
Net rental income or (loss) from real estate:
a
Debt-financed property
......
b
Not 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
499,083
9
Net income or (loss) from special events:
10
Gross profit or (loss) from sales of inventory
11
Other revenue:
a
b
c
d
e
12
Subtotal. Add columns (b), (d), and (e)
..
0
1,477,774
0
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
1,477,774
(See worksheet in line 13 instructions to verify calculations.)
Part XVI-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
Explain below how each activity for which income is reported in column (e) of Part XVI-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
(2018)
Form 990-PF (2018)
Page
13
Part XVII
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?
...........
Yes
No
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.
May the IRS discuss this return
with the preparer shown below
(see instr.)?
Yes
No
Signature of officer or trustee
Date
Title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's Signature
Date
Check if self-
employed
PTIN
Firm's name
Firm's EIN
Firm's address
Phone no.
Form
990-PF
(2018)
Additional Data
Software ID:
Software Version:
Form 990PF - Special Condition Description:
Special Condition Description