Civic Intelligence

Buchanan Friendship Foundation

990 • Fiscal year 2019 • EIN 98-1376156

Dec 01, 2018 to Nov 30, 2019 • Filed on Oct 14, 2020

Court Place Rue Du ManoirSaint Peter Port GY1 3XZGk

(207) 042-2079

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

5th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • $250M-$1B nonprofits • Source year 2019

Liabilities / Revenue

5th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • $250M-$1B nonprofits • Source year 2019

Net Margin

2nd percentile

-112%

Higher net margin than 2% of similar nonprofits.

2019 filings • $250M-$1B nonprofits • Source year 2019

Top Officer Pay

7th percentile

$9,621

Higher top officer pay than 7% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

2019 filings • $250M-$1B nonprofits • Source year 2019

Asset Growth

14th percentile

-1.7%

Faster asset growth than 14% of similar nonprofits.

2019 filings • $250M-$1B nonprofits • Annualized from 2018 to 2019

Revenue Growth

4th percentile

-46%

Faster revenue growth than 4% of similar nonprofits.

2019 filings • $250M-$1B nonprofits • Annualized from 2018 to 2019

Assets

Down

$428,953,469

Down $7,557,201 (-1.7%) from 2018

Net Assets

Down

$428,953,469

Down $7,557,201 (-1.7%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Down

$14,130,402

Down $12,176,696 (-46%) from 2018

Expenses

Up

$29,947,896

Up $26,279,111 (+716%) from 2018

Net Income

Down

-$15,817,494

Down $38,455,807 (-170%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0B$1.5B$1.0B$500M$0Assets 2018: $436,510,670Liabilities 2018: $0Net Assets 2018: $436,510,6702018Assets 2019: $428,953,469Liabilities 2019: $0Net Assets 2019: $428,953,4692019Assets 2020: $440,834,203Liabilities 2020: $0Net Assets 2020: $440,834,2032020Assets 2021: $1,154,721,588Liabilities 2021: $0Net Assets 2021: $1,154,721,5882021Assets 2022: $1,094,617,665Liabilities 2022: $0Net Assets 2022: $1,094,617,6652022Assets 2023: $1,185,692,093Liabilities 2023: $0Net Assets 2023: $1,185,692,0932023Assets 2024: $1,508,593,902Liabilities 2024: $0Net Assets 2024: $1,508,593,9022024

Highlighted filing

2019

Assets$428,953,469
Liabilities$0
Net Assets$428,953,469

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800M$600M$400M$200M$0-$200MRevenue 2018: $26,307,098Expenses 2018: $3,668,785Net Income 2018: $22,638,3132018Revenue 2019: $14,130,402Expenses 2019: $29,947,896Net Income 2019: -$15,817,4942019Revenue 2020: -$102,169Expenses 2020: $155,445Net Income 2020: -$257,6142020Revenue 2021: $662,031,035Expenses 2021: $133,018Net Income 2021: $661,898,0172021Revenue 2022: $1,754,790Expenses 2022: $4,569,422Net Income 2022: -$2,814,6322022Revenue 2023: $1,087,536Expenses 2023: $1,319,820Net Income 2023: -$232,2842023Revenue 2024: $51,830,730Expenses 2024: $13,389,808Net Income 2024: $38,440,9222024

Highlighted filing

2019

Revenue$14,130,402
Expenses$29,947,896
Net Income-$15,817,494
Jump To
Filing Snapshot
Filing Period
Dec 1, 2018 to Nov 30, 2019
Signed
Oct 14, 2020
Return Version
2018v3.2
Gross Receipts
$145,926,562
Mission and Program Overview

Mission

The foundation devotes its property to funding and developing philanthropic projects that promote social welfare (including for religious, charitable, scientific, literary or educational purposes) within the meaning of section 501(c)(4) of the internal revenue code of 1986, as amended (the "code").

The foundation is devoted to funding and developing philanthropic projects that promote social welfare.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$436,510,670$428,953,469▼ $7,557,201
Investments Other Securities$164,190,800$378,586,588▲ $214,395,788
Savings and Temporary Cash Investments-$31,826,538-
Investments in Publicly Traded Securities$262,700,468$18,511,305▼ $244,189,163
Cash and Non-Interest-Bearing Accounts$9,619,402$29,038▼ $9,590,364
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$436,510,670$428,953,469▼ $7,557,201
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$436,510,670$428,953,469▼ $7,557,201
Total Liabilities and Net Assets / Fund Balance$436,510,670$428,953,469▼ $7,557,201

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$3,715,897--
Financial Derivatives$1,940,240--
Compensation and Service Providers

Employees

NameTitleBaseTotal
Peter AtkinsonGuardian$9,621$9,621

Board Members and Trustees

NameTitle
Alicia Nimo SaavedraCouncillor
William Buchanan GrayCouncillor

Highest Paid Contractors

ContractorServicesLocationCompensation
Ropes Wealth Advisors LLCInvestment Management Fees800 BOYLSTON STREET, Boston, MA 02199$176,316
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$13,573,208
Other Revenue
$557,194
Change in Net Assets
$-15,817,494
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$29,600,000
Other Expenses$338,275
Salaries, Compensation, and Employee Benefits$9,621
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$29,600,000--$29,600,000
Fees for Service Investment Mgmnt Fees-$231,720-$231,720
Fees for Services Legal-$85,399-$85,399
Fees for Services Accounting-$18,115-$18,115
Current Officers, Directors, Trustees, and Key Employees-$9,621-$9,621
Fees for Services Other-$2,954-$2,954
Interest-$57-$57
Other Expenses-$30-$30
Total Functional Expenses$29,600,000$347,896$0$29,947,896
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
K5 FoundationSan Francisco, CA501(c)(3)Program Support$29,600,000

International Summary

Offices
1
Employees
1
Spending
$398,367,647

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
North AmericaInvestmentsN/a00$189,276,593
Central America and the CaribbeanInvestmentsN/a00$160,653,858
Europe (including Iceland & Greenland)InvestmentsN/a00$25,369,130
East Asia and the PacificInvestmentsN/a00$23,000,000
Europe (including Iceland & Greenland)Investment ExpensesN/a00$55,491
Europe (including Iceland & Greenland)Registered AgentN/a11$12,575
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

William buchanan gray & alicia nimo saavedra - family relationship

Form 990, Part VI, Section B, Line 11B

The draft form 990 is circulated to the councillors as well as to the organization's legal counsel. All feedback is immediately addressed. Any resulting modifications are incorporated into a revised final draft.

Form 990, Part VI, Section B, Line 12C

In accordance with the conflict of interest policy, a councillor is required to disclose real, potential, or perceived conflicts of interest to the other councillors.

Form 990, Part VI, Section B, Line 15

The current councillors of the foundation do not receive compensation for their services to the foundation. It is possible that future councillors would receive compensation. Payment of compensation to councillors is governed by the foundation's organizational documents, which require that compensation be reasonable and at market rates. Peter atkinson, who serves as the guardian of the foundation, is also the foundation's registered agent and receives a fee for his services as registered agent. The foundation is subject to the intermediate sanctions rules of code section 4958, which impose a penalty excise tax on "excess benefit transactions" between the foundation and "disqualified persons," including the foundation's guardian. Pursuant to section 4958, the foundation takes appropriate steps to ensure that the guardian does not receive a direct or indirect economic benefit from the foundation worth more than the services or goods provided by the disqualified person in return. The foundation has confirmed that the fee mr. Atkinson received as registered agent is at market rate.

Form 990, Part VI, Section C, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Buchanan Friendship Foundation
EIN
98-1376156
Phone
2070422079
Address
GK

Signing Officer

Name
William Buchanan Gray
Title
Councillor
Phone
2070422079
Signed
2020-10-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Buchanan Gray
Formed
2017
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
0

Preparer

Firm
Edelstein and Company Llp
Address
160 FEDERAL STREET 9TH FLOOR, BOSTON, MA 02110
Preparer
Eugene Borgonzi
Phone
6172276161
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Foreign exchange loss -1,597,572.

Form 990 - Foreign Exchange Rates Used

During the fiscal year ended november 30, 2019, the following foreign exchange rate ranges were used on the form 990 depending on the month: bermudian dollar was $1 for $1 all year euro .871498 - 0.917263 per $1 pound sterling - 0.751823 - 0.821119 per $1 japanese yen - 106.145056 - 113.550040 per $1

Raw XML AppendixShowing 400 of 439 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE FOUNDATION IS DEVOTED TO FUNDING AND DEVELOPING PHILANTHROPIC PROJECTS THAT PROMOTE SOCIAL WELFARE.
IRS990/AnnualDisclosureCoveredPrsnInd00
IRS990/BooksInCareOfDetail/ForeignAddress/AddressLine1Txt0COURT PLACE RUE DU MANOIR
IRS990/BooksInCareOfDetail/ForeignAddress/CityNm0SAINT PETER PORT
IRS990/BooksInCareOfDetail/ForeignAddress/CountryCd0GK
IRS990/BooksInCareOfDetail/ForeignAddress/ForeignPostalCd0GY1 3XZ
IRS990/BooksInCareOfDetail/PersonNm0ADRIAN HARBOUR
IRS990/BooksInCareOfDetail/PhoneNum02070422079
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt09619402
IRS990/CashNonInterestBearingGrp/EOYAmt029038
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt09621
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt09621
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0176316
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0800 BOYLSTON STREET
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0BOSTON
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0MA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd002199
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0ROPES WEALTH ADVISORS LLC
IRS990/ContractorCompensationGrp/ServicesDesc0INVESTMENT MANAGEMENT FEES
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt029600000
IRS990/CYInvestmentIncomeAmt013573208
IRS990/CYOtherExpensesAmt0338275
IRS990/CYOtherRevenueAmt0557194
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-15817494
IRS990/CYSalariesCompEmpBnftPaidAmt09621
IRS990/CYTotalExpensesAmt029947896
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt014130402
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0THE FOUNDATION DEVOTES ITS PROPERTY TO FUNDING AND DEVELOPING PHILANTHROPIC PROJECTS THAT PROMOTE SOCIAL WELFARE (INCLUDING FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES) WITHIN THE MEANING OF SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE").
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt029600000
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt018115
IRS990/FeesForServicesAccountingGrp/TotalAmt018115
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt085399
IRS990/FeesForServicesLegalGrp/TotalAmt085399
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt02954
IRS990/FeesForServicesOtherGrp/TotalAmt02954
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt0231720
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt0231720
IRS990/ForeignActivitiesInd01
IRS990/ForeignAddress/AddressLine1Txt0COURT PLACE RUE DU MANOIR
IRS990/ForeignAddress/CityNm0SAINT PETER PORT
IRS990/ForeignAddress/CountryCd0GK
IRS990/ForeignAddress/ForeignPostalCd0GY1 3XZ
IRS990/ForeignCountryCd0JE
IRS990/ForeignFinancialAccountInd01
IRS990/ForeignOfficeInd01
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0WILLIAM BUCHANAN GRAY
IRS990/Form990PartVIISectionAGrp/PersonNm1ALICIA NIMO SAAVEDRA
IRS990/Form990PartVIISectionAGrp/PersonNm2PETER ATKINSON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt29621
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0COUNCILLOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1COUNCILLOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2GUARDIAN
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02017
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0-6415895
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt02
IRS990/GrantAmt029600000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt029600000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt029600000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0125380265
IRS990/GrossReceiptsAmt0145926562
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt02
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/ManagementAndGeneralAmt057
IRS990/InterestGrp/TotalAmt057
IRS990/InvestmentIncomeGrp/ExclusionAmt019989103
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt019989103
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0164190800
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0378586588
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0262700468
IRS990/InvestmentsPubTradedSecGrp/EOYAmt018511305
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileCountryCd0GK
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0131796160
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE FOUNDATION DEVOTES ITS PROPERTY TO FUNDING AND DEVELOPING PHILANTHROPIC PROJECTS THAT PROMOTE SOCIAL WELFARE (INCLUDING FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES) WITHIN THE MEANING OF SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE").
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0436510670
IRS990/NetAssetsOrFundBalancesEOYAmt0428953469
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-6415895
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-6415895
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt09857865
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-1597572
IRS990/OtherExpensesGrp/Desc0WIRE FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt030
IRS990/OtherExpensesGrp/TotalAmt030
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0REIMBURSEMENT OF OVERCHARGED LEGA
IRS990/OtherRevenueMiscGrp/Desc1INTEREST OWED ON OVERCHARGED LEGA
IRS990/OtherRevenueMiscGrp/ExclusionAmt013376
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0543818
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0543818
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt113376
IRS990/OtherRevenueTotalAmt0557194
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0WILLIAM BUCHANAN GRAY
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01505874
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt03052250
IRS990/PYInvestmentIncomeAmt024801224
IRS990/PYOtherExpensesAmt0616535
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt022638313
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt03668785
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt026307098
IRS990/ReconcilationRevenueExpnssAmt0-15817494
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0436510670
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0428953469
IRS990/SavingsAndTempCashInvstGrp/EOYAmt031826538
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/FinancialDerivativesGrp/BookValueAmt01940240
IRS990ScheduleD/FinancialDerivativesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt023000000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1141190800
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2100984578
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt359669280
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt448085793
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt53715897
IRS990ScheduleD/OtherSecuritiesGrp/Desc0ALLAN GRAY (HOLDINGS) PTY LTD
IRS990ScheduleD/OtherSecuritiesGrp/Desc1ORBIS HOLDINGS LIMITED
IRS990ScheduleD/OtherSecuritiesGrp/Desc2JANCHOR PARTNERS OPPORTUNITIES OFFSHORE FUND L.P.
IRS990ScheduleD/OtherSecuritiesGrp/Desc3BAOBAB GLOBAL FUND LTD.
IRS990ScheduleD/OtherSecuritiesGrp/Desc4ALLAN GRAY AFRICA EQUITY FUND LIMITED
IRS990ScheduleD/OtherSecuritiesGrp/Desc51,327,106 SHARES ARGUS GROUP HOLDING COMMON
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd5F
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt0378586588
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt20
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt30
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt41
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt50
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt20
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt30
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt41
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt50
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt025369130
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt1160653858
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt223000000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt3189276593
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt412575
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt555491
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0EUROPE (INCLUDING ICELAND & GREENLAND)
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1CENTRAL AMERICA AND THE CARIBBEAN
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt2EAST ASIA AND THE PACIFIC
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt3NORTH AMERICA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt4EUROPE (INCLUDING ICELAND & GREENLAND)
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt5EUROPE (INCLUDING ICELAND & GREENLAND)
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0N/A
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1N/A
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt2N/A
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt3N/A
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt4N/A
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt5N/A
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0INVESTMENTS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1INVESTMENTS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt2INVESTMENTS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt3INVESTMENTS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt4REGISTERED AGENT
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt5INVESTMENT EXPENSES
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd01
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt01
IRS990ScheduleF/SubtotalOfficesCnt01
IRS990ScheduleF/SubtotalSpentAmt0398367647
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0CASH METHOD OF ACCOUNTING IS USED TO ACCOUNT FOR EXPENDITURES
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3:
IRS990ScheduleF/TotalEmployeeCnt01
IRS990ScheduleF/TotalOfficeCnt01
IRS990ScheduleF/TotalSpentAmt0398367647
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt029600000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0N/A
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PROGRAM SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0K5 FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientEIN0831599193
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 472846
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SAN FRANCISCO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd094147
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0N/A
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WILLIAM BUCHANAN GRAY & ALICIA NIMO SAAVEDRA - FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DRAFT FORM 990 IS CIRCULATED TO THE COUNCILLORS AS WELL AS TO THE ORGANIZATION'S LEGAL COUNSEL. ALL FEEDBACK IS IMMEDIATELY ADDRESSED. ANY RESULTING MODIFICATIONS ARE INCORPORATED INTO A REVISED FINAL DRAFT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY, A COUNCILLOR IS REQUIRED TO DISCLOSE REAL, POTENTIAL, OR PERCEIVED CONFLICTS OF INTEREST TO THE OTHER COUNCILLORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CURRENT COUNCILLORS OF THE FOUNDATION DO NOT RECEIVE COMPENSATION FOR THEIR SERVICES TO THE FOUNDATION. IT IS POSSIBLE THAT FUTURE COUNCILLORS WOULD RECEIVE COMPENSATION. PAYMENT OF COMPENSATION TO COUNCILLORS IS GOVERNED BY THE FOUNDATION'S ORGANIZATIONAL DOCUMENTS, WHICH REQUIRE THAT COMPENSATION BE REASONABLE AND AT MARKET RATES. PETER ATKINSON, WHO SERVES AS THE GUARDIAN OF THE FOUNDATION, IS ALSO THE FOUNDATION'S REGISTERED AGENT AND RECEIVES A FEE FOR HIS SERVICES AS REGISTERED AGENT. THE FOUNDATION IS SUBJECT TO THE INTERMEDIATE SANCTIONS RULES OF CODE SECTION 4958, WHICH IMPOSE A PENALTY EXCISE TAX ON "EXCESS BENEFIT TRANSACTIONS" BETWEEN THE FOUNDATION AND "DISQUALIFIED PERSONS," INCLUDING THE FOUNDATION'S GUARDIAN. PURSUANT TO SECTION 4958, THE FOUNDATION TAKES APPROPRIATE STEPS TO ENSURE THAT THE GUARDIAN DOES NOT RECEIVE A DIRECT OR INDIRECT ECONOMIC BENEFIT FROM THE FOUNDATION WORTH MORE THAN THE SERVICES OR GOODS PROVIDED BY THE DISQUALIFIED PERSON IN RETURN. THE FOUNDATION HAS CONFIRMED THAT THE FEE MR. ATKINSON RECEIVED AS REGISTERED AGENT IS AT MARKET RATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FOREIGN EXCHANGE LOSS -1,597,572.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DURING THE FISCAL YEAR ENDED NOVEMBER 30, 2019, THE FOLLOWING FOREIGN EXCHANGE RATE RANGES WERE USED ON THE FORM 990 DEPENDING ON THE MONTH: BERMUDIAN DOLLAR WAS $1 FOR $1 ALL YEAR EURO .871498 - 0.917263 PER $1 POUND STERLING - 0.751823 - 0.821119 PER $1 JAPANESE YEN - 106.145056 - 113.550040 PER $1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990 - FOREIGN EXCHANGE RATES USED
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0457011744
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN1457011744
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0T
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1T
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1MA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0INVESTMENT IN REAL ESTATE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt1INVESTMENT IN REAL ESTATE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0BUCHANAN HOUSING TRUST
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1LOVE LANE TRUST
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0C/O CASNER EDWARDS LLP 303 CONGRESS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt1C/O CASNER EDWARDS LLP 303 CONGRESS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0BOSTON
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm1BOSTON
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd1MA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd002210
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd102210
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0436510670
IRS990/TotalAssetsEOYAmt0428953469
IRS990/TotalAssetsGrp/BOYAmt0436510670
IRS990/TotalAssetsGrp/EOYAmt0428953469
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0347896
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt029600000
IRS990/TotalFunctionalExpensesGrp/TotalAmt029947896
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0436510670
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0428953469
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt029600000
IRS990/TotalReportableCompFromOrgAmt09621
IRS990/TotalRevenueGrp/ExclusionAmt013586584
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0543818
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt014130402
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0436510670
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0428953469
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings