Daniel And Florence Guggenheim Foundation in New York, 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
- Other organizations in New York
| Daniel And Florence Guggenheim Foundation | |
| Employer Identification Number (EIN) | 135562232 |
| Name of Organization | Daniel And Florence Guggenheim Foundation |
| In Care of Name | Siegel Sacks |
| Address | C/O Sacks 600 Third Ave, New York, NY 10016 |
| Activities | Scientific research (diseases), Contact or sponsored scientific research for industry, Other school related activities |
| Subsection | Charitable Organization |
| Ruling Date | 05/1935 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $10,000 to $24,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $10,410 |
| Amount of Income | $8 |
| Form 990 Revenue Amount | $756,460 |
Non-representatives - add comments:
Revenue for 2011
Expenses for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $756,460 | $756,460 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $665 | |||
| Dividends and interest from securities | $55,288 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $700,507 | |||
| Total expenses and disbursements | $5,066,117 | $44,022 | $0 | $4,998,914 |
| Compensation of officers, directors, trustees, etc. | $284,989 | |||
| Total operating and administrative expenses | $411,117 | $44,022 | $343,914 | |
| Contributions, gifts, grants paid | $4,655,000 | |||
| Excess of revenue over expenses and disbursements | $-4,309,657 | |||
| Net investment income | $712,438 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $19,957 | $19,957 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $19,957 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $19,957 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $700,507 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2011) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $7,124 |
| Total credits and payments | $2,800 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $2,800 |
| 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 | $0 |
| Tax due | $4,324 |
| Amount to be credited to 2012 estimated tax | $0 |
| Statements Regarding Activities (for 2011) | |
| 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 2011 or the taxable year beginning in 2011? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| 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? | Yes |
| 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 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | 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 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $2,082,316 |
| Net value of noncharitable-use assets | $2,051,080 |
| Minimum investment return | $102,554 |
| Distributable Amount (for 2011) | |
| Distributable amount | $95,430 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $95,430 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | 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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| Other organizations in New York | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Dangerous Ground Productions | 534 Flatbush Ave, Brooklyn, NY 11225-3707 | NY | 2004-04 | $70,585 |
| 2 | Danica Foundation | C/O Ganer 1995 Broadway No 16, New York, NY 10023 | NY | 2008-08 | $89,791 |
| 3 | Daniel & Flavia Gernata Family Foundation | 2698 Gowanda Zoar Rd, Gowanda, NY 14070-9767 | NY | 1988-09 | $85,535 |
| 4 | Daniel & Friends Summer Camps Inc | PO BOX 12823, Rochester, NY 14612-0823 | NY | 1999-12 | $5,198 |
| 5 | Daniel & Joanna S Rose Fund Inc | 200 Madison Ave 5 Flr, New York, NY 10016-3903 | NY | 1989-09 | $3,741,663 |
| 6 | Daniel & Susan Pollack Foundation | 131 E 66th St, New York, NY 10021-6129 | NY | $17,874 | |
| 7 | Daniel & Trudy Regan Foundation Inc | 350 5th Ave Ste 1000, New York, NY 10118-1000 | NY | 1991-09 | $1 |
| 8 | Daniel Alvarez Foundation Ltd | 1 Cross Island Plz Ste 206, Rosedale, NY 11422-1401 | NY | 2002-09 | $34,105 |
| 9 | Daniel And Arlene Stein Family Foundation | 1350 Avenue Of The Americas Frnt 3, New York, NY 10019-4702 | NY | 2005-09 | $55,900 |
| 10 | Daniel And Dr W H Frutiger Chiropractic Education Fund Endico | 1100 Wehrle Drive 2nd Floor, Buffalo, NY 14221-7748 | NY | 1982-03 | $139,381 |
| 11 | Daniel And Florence Guggenheim Foundation | C/O Sacks 600 Third Ave, New York, NY 10016 | NY | 1935-05 | $8 |
| 12 | Daniel And Mary Reeves Foundation | 66 S Tyson Ave, Floral Park, NY 11001-1805 | NY | 1957-07 | $678,908 |
| 13 | Daniel And Thalia Federbush Foundation | 130 E 59 St Ste 1028, New York, NY 10022-1302 | NY | 1987-09 | $27,315 |
| 14 | Daniel Distefano-Michael Western Memorial Fund | 93 Sheppard Lane, Nesconset, NY 11767 | NY | 2008-05 | $0 |
| 15 | Daniel Family Foundation | 580 Park Avenue, New York, NY 10065-7313 | NY | 2002-03 | $4 |
| 16 | Daniel Ferro Vocal Program Inc | 575 Madison Ave Ste 1006, New York, NY 10022-8511 | NY | 1994-07 | $111,076 |
| 17 | Daniel Foundation | 5612 18th Ave, Brooklyn, NY 11204-1955 | NY | 1996-10 | $4,967 |
| 18 | Daniel Gray Fishing Club Of White Plains N Y Inc | 5 Louis Drive, Katonah, NY 10536 | NY | 1966-03 | $0 |
| 19 | Daniel I Sargent Charitable Tr | 441 Lexington Ave Fl 16, New York, NY 10017-3926 | NY | 1971-04 | $1 |
| 20 | Daniel Ian Abramson Annuity Tr Fbo 02174 20937 | 276 5th Ave Rm 207, New York, NY 10001-4566 | NY | $0 | |
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