Louis J Kanitz & Golda I Kanitz Memorial Fund Tr 012694 in Philadelphia, Pennsylvania (PA)

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Louis J Kanitz & Golda I Kanitz Memorial Fund Tr 012694
Employer Identification Number (EIN)946665743
Name of OrganizationLouis J Kanitz & Golda I Kanitz Memorial Fund Tr 012694
In Care of NameWells Fargo Bank Ttee
Address101n Independence Mall, Philadelphia, PA 19106
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date10/1995
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$5,000,000 to $9,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$5,026,445
Amount of Income$1,229,042
Form 990 Revenue Amount$797,127
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations


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Amount of income in 2012: $1,229,042 (it was $797,127 in 2011)
Louis J Kanitz & Golda I Kanitz Memorial Fund Tr 012694: 

 $1,229,042
Other organizations performing similar types of work: 

 $107,200

Assets in 2012: $5,026,445 (it was $5,171,432 in 2011)
Louis J Kanitz & Golda I Kanitz Memorial Fund Tr 012694: 

 $5,026,445
Other organizations performing similar types of work: 

 $441,077

Financial snapshot ($)

Revenue for 2011

Expenses for 2011

Assets for 2011

Analysis of Revenue and Expenses (for 2011)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$797,127$796,409$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$0
Dividends and interest from securities$143,650
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Other$653,477
Total expenses and disbursements$297,061$35,942$0$257,831
Compensation of officers, directors, trustees, etc.$42,187
Total operating and administrative expenses$51,191$35,942$11,961
Contributions, gifts, grants paid$245,870
Excess of revenue over expenses and disbursements$500,066
Net investment income$760,467
Adjusted net income$0
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$5,171,432$5,238,677
Cash - non-interest-bearing$1,797
Investments-U.S. and state government obligations$0
Investments-corporate stock$0
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$4,902,190
Other$267,445
Total liabilities$0
Total liabilities and net assets/fund balances$5,171,432
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$653,477
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$15,209
Total credits and payments$2,169
2011 estimated tax payments and 2010 overpayment credited to 2011$2,169
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$13,040
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?Yes
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$5,614,178
Net value of noncharitable-use assets$5,529,960
Minimum investment return$276,498
Distributable Amount (for 2011)
Distributable amount$265,870
Undistributed Income (for 2011)
Distributable amount for 2011$265,870
Undistributed income for 2011. This amount must be distributed in 2012$172,178
Private Operating Foundations (for 2011)
2011201020092008Total
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
IdNameAddressStateEstablishedTotal Income
1The City College 21st Century Foundation Inc138th Street And Convent Avenue, New York, NY 10031NY1997-03$86,641,569
2Center For Inquiry Development Fund3965 Rensch Rd, Amherst, NY 14228-2743NY1998-12$10,791,389
3Chapel Hill Training Outreach Project Inc800 Eastowne Dr Ste 105, Chapel Hill, NC 27514-2215NC1993-05$8,975,022
4Ziering Family Foundation6505 Wilshire Blvd Ste 1200, Los Angeles, CA 90048-4960CA1996-06$3,505,573
5Our Lady Of Divine Providence House Of Prayer Foundation Inc711 S Bayview Ave, Clearwater, FL 33759-4251FL1994-08$283,880
6The Bank Of New York Mellon Corporation FoundationPO BOX 185, Pittsburgh, PA 15230-0185PA1998-07$24,723,173
7Raymond And Ruth Perelman Community Foundation1 Bala Ave Ste 310, Bala Cynwyd, PA 19004-3210PA1995-10$24,005,229
8Airie Knipel Harry V And J Williams Warehime FoundationC/O Bergdoll Company Llp, W Market St York, PA 17401PA1996-11$12,990,252
9Raymond And Ruth Perelman Judaica Foundation1 Bala Ave Ste 310, Bala Cynwyd, PA 19004-3210PA1995-10$10,061,057
10Raymond & Ruth Perelman Education Foundation1 Bala Ave Ste 310, Bala Cynwyd, PA 19004PA1995-10$8,699,191
11Seraph Foundation1650 Market St Ste 1200, Philadelphia, PA 19103-7311PA1997-08$7,529,013
12Leo And Peggy Pierce Family Foundation, Pierce Leo W Sr Ttee1 Fayette St Ste 410, Conshohocken, PA 19428-4133PA1998-01$7,442,674
13Modzelewski Charitable Tr Us 100196, Modzelewski Stephen Ttee1578 River Rd, New Hope, PA 18938-9267PA1997-10$4,478,399
14Hilda & Preston Davis Private Foundation, Davis J J Iskrant G Parkinston Ttee1600 Market St Ste 3600, Philadelphia, PA 19103-7212PA1998-10$4,385,926
15Cochran Family Foundation1650 Market St Ste 1200, Philadelphia, PA 19103-7311PA1998-12$4,030,529
16G Fred Dibona Jr Memorial Foundation1035 Waverly Road, Bryn Mawr, PA 19010PA1997-02$2,784,474
17Benevento & Mayo Foundation Tr, Parente C E Mmp Bjp Jp Cepj Mp Ttee46 Public Sq Ste 500, Wilkes Barre, PA 18701-2600PA1997-11$2,389,400
18Poor Richards Charitable Trust, Roberts Lisa S & David Seltzer Ttee899 Cassatt Rd Ste 115, Berwyn, PA 19312-1190PA1998-03$2,217,396
19Turner Family Foundation9 Horseshoe Ln, Paoli, PA 19301-1909PA1995-01$2,069,471
20John Lazarich Foundation 120197, Kronenberg Wm & Sacchetta J Ttee704 Haywood Dr, Exton, PA 19341-1136PA1998-01$2,017,674
Number of organizations performing similar types of work
Alaska4
Alabama56
Arkansas18
Arizona58
California548
Colorado116
Connecticut78
District of Columbia24
Delaware45
Florida344
Georgia158
Hawaii18
Iowa56
Idaho24
Illinois311
Indiana83
Kansas53
Kentucky40
Louisiana50
Massachusetts115
Maryland116
Maine18
Michigan199
Minnesota100
Missouri76
Mississippi26
Montana9
North Carolina135
North Dakota2
Nebraska43
New Hampshire17
New Jersey210
New Mexico24
Nevada41
New York530
Ohio224
Oklahoma53
Oregon62
Pennsylvania249
Rhode Island33
South Carolina40
South Dakota12
Tennessee47
Texas381
Utah45
Virginia119
Vermont8
Washington86
Wisconsin98
West Virginia9
Wyoming19
International13
Total5,243

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