Peter A & Marion W Schwartz Fam Foundation Tr, Schwartz Peter A Ttee in Canandaigua, New York (NY)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| Peter A & Marion W Schwartz Fam Foundation Tr, Schwartz Peter A Ttee | |
| Employer Identification Number (EIN) | 066447457 |
| Name of Organization | Peter A & Marion W Schwartz Fam Foundation Tr |
| Secondary Name | Schwartz Peter A Ttee |
| In Care of Name | Peter A Schwartz |
| Address | 5337 Black Point Dr, Canandaigua, NY 14424-8217 |
| Subsection | Charitable Organization |
| Ruling Date | 11/2000 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2014 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $20,803,187 |
| Amount of Income | $3,470,517 |
| Form 990 Revenue Amount | $581,486 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2014: $3,470,517 (it was $5,189,481 in 2012)
| This organization: | $3,470,517 |
| Other organizations performing similar types of work: | $103,138 |
Assets in 2014: $20,803,187 (it was $22,345,157 in 2012)
| Peter A & Marion W Schwartz Fam Foundation Tr, Schwartz Peter A Ttee: | $20,803,187 |
| Other organizations performing similar types of work: | $338,623 |
Expenses in 2012: $1,269,727
| This organization: | $1,269,727 |
| Other organizations performing similar types of work: | $46,867 |
Income to expenses ratio in 2012: 2.7
| Peter A & Marion W Schwartz Fam Foundation Tr, Schwartz Peter A Ttee: | 2.7 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 79.6% |
Revenue for 2012
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $617,584 | $617,584 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $568,608 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $431 | |||
| Other | $48,545 | |||
| Total expenses and disbursements | $1,269,727 | $62,276 | $0 | $1,196,674 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $73,053 | $62,276 | $0 | |
| Contributions, gifts, grants paid | $1,196,674 | |||
| Excess of revenue over expenses and disbursements | $-652,143 | |||
| Net investment income | $555,308 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $22,345,157 | $22,898,004 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $750,000 | |
| Investments-corporate stock | $14,902,831 | |
| Investments-corporate bonds | $3,218,979 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $1,400,000 | |
| Other | $2,073,347 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $22,345,157 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $48,545 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $5,553 |
| Total credits and payments | $10,520 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $10,520 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $0 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $6 |
| Tax due | $0 |
| Overpayment | $4,961 |
| Amount to be credited to 2013 estimated tax | $4,961 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| 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 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $23,303,484 |
| Net value of noncharitable-use assets | $22,953,940 |
| Minimum investment return | $1,147,697 |
| Distributable Amount (for 2012) | |
| Distributable amount | $1,142,144 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $1,142,144 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Paulson Family Foundation | 1251 Avenue Of The Americas 50th, New York, NY 10020 | NY | 2009-09 | $250,244,356 |
| 2 | William And Sue Gross Family Foundation | PO BOX 15014, Albany, NY 12212-5014 | NY | 2003-09 | $179,207,954 |
| 3 | The Zegar Family Foundation, Charles M Zegar Et Al Ttee | 240 Riverside Blvd, New York, NY 10069-1024 | NY | 2007-03 | $113,107,069 |
| 4 | Foundation For A Just Society | 505 Park Ave, New York, NY 10022-1106 | NY | 2010-10 | $80,891,159 |
| 5 | Paul E Singer Foundation | 551 5th Ave Fl 18, New York, NY 10176-1899 | NY | 2010-04 | $61,000,000 |
| 6 | Ralph And Ricky Lauren Family Foundation Inc | C/O Cbiz 1065 Ave Of The Americas, New York, NY 10018 | NY | 2013-02 | $59,247,604 |
| 7 | Yale Fishman Foundation | 930 Broadway, Woodmere, NY 11598-1766 | NY | 2001-03 | $57,241,483 |
| 8 | Wilma S And Laurence A Tisch Foundation, Wilma S Tisch Ttee | 655 Madison Ave, New York, NY 10065-8043 | NY | 2012-05 | $45,595,382 |
| 9 | Stephen A Schwarzman Education Foundation | 345 Park Ave Fl 16, New York, NY 10154-0004 | NY | 2013-09 | $38,324,486 |
| 10 | Inmaat Foundation | One Rockeleffer Plz Ste 321, New York, NY 10020 | NY | 2012-02 | $31,356,053 |
| 11 | William R Orthwein Jr And Laura Rand Orthwein Foundation Inc | 1 New York Plz Fl 7, New York, NY 10004-1913 | NY | 2003-10 | $30,779,166 |
| 12 | Stewart J Rahr Foundation | 725 5th Ave 24th Fl, New York, NY 10022-2519 | NY | 2011-04 | $21,695,049 |
| 13 | The Shs Foundation, Feldman Richard E Fid | PO BOX 331, Plainview, NY 11803-0331 | NY | 2003-01 | $21,571,299 |
| 14 | Rowan Family Foundation Inc | 927 5th Ave, New York, NY 10021-2650 | NY | 2005-03 | $20,009,338 |
| 15 | Robert And Mercedes Eichholz Foundation | Co Alexa Davidson Suskin, Brooklyn, NY 11217 | NY | 2012-01 | $18,887,702 |
| 16 | Overdeck Family Foundation | 100 Ave Of The Amer Fl 16, New York, NY 10013-1689 | NY | 2010-04 | $18,541,114 |
| 17 | Butters Foundation | 1 Rockefeller Plz Rm 321, New York, NY 10020-2134 | NY | 2012-06 | $17,305,471 |
| 18 | Y C Ho Helen & Michael Chiang Foundation | 60 East 42nd St, New York, NY 10165-0006 | NY | 2007-05 | $16,401,485 |
| 19 | Fields-Gordon-Galley Private Foundation Tr, Gordon Frances L Ttee | 1081 Elizabeth St, Baldwin, NY 11510-4716 | NY | 2013-03 | $16,263,683 |
| 20 | Mckeon Family Foundation | 919 Third Ave, New York, NY 10022-3902 | NY | 2012-02 | $16,106,929 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 20,448 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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