The Beautiful C Foundation
EIN 851132476About
We respectfully request that The Beautiful Foundation's quarterly estimated taxes for taxable year ending December 31, 2024 be treated as timely and request that the $11 penalty indicated on Form 2220 be abated because the underpayment in Q4 was due to reasonable cause. Treasury Regulations Sec 301.6651-1(c)(1) defines reasonable by asking whether the taxpayer exercised ordinary business care and prudence. The Foundation exercised care and prudence in seeking a reputable firm knowledgeable about exempt organizations to calculate its quarterly estimates for tax period ending December 31, 2024. The firm's software correctly determined that the foundation could pay its Q4 estimate based on prior year tax liability. However, since that liability was under $500, the software incorrectly indicated that no quarterly payment was due. As soon as the error was discovered, the foundation paid the required tax. We believe that the underpayment was due to reasonable cause and in no way due to an intentional disregard for the rules, and respectfully request that no 2220 penalty be assessed.
Application Information
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2020 | N/A | $1.1M | $1.0M | N/A |
| 2021 | $10K | $1.3M | $73K | 2 |
| 2022 | $48K | $969K | $28K | 4 |
| 2023 | $41K | $1.0M | $25K | 4 |
| 2024 | $38K | $1.1M | $115K | 4 |
Grant Size Distribution
Based on 14 grants on record
Geographic Distribution
Officers & Directors
Grants Awarded (14 total)
| Purpose | ||||
|---|---|---|---|---|
| William J Brennan Jr Center for Justice Inc | New York, NY | $30,000 | General & Unrestricted | 2022 |
| William J Brennan Jr Center for Justice Inc | New York, NY | $20,000 | General & Unrestricted | 2024 |
| William J Brennan Jr Center for Justice Inc | New York, NY | $15,000 | General & Unrestricted | 2023 |
| Center for Reproductive Rights Inc | New York, NY | $10,000 | General & Unrestricted | 2023 |
| Spread the Vote | Los Angeles, CA | $8,000 | General & Unrestricted | 2022 |
| Deborah Heart & Lung Center | Browns Mills, NJ | $8,000 | General & Unrestricted | 2023 |
| Make a Wish Foundation of New Jersey | Monroe Township, NJ | $8,000 | General & Unrestricted | 2023 |
| Make a Wish Foundation of New Jersey | Monroe Township, NJ | $8,000 | General & Unrestricted | 2024 |
| St John Rescue Inc | St John, VI | $5,000 | General & Unrestricted | 2022 |
| Surfrider Foundation | San Clemente, CA | $5,000 | General & Unrestricted | 2022 |
| Marc Lustgarten Pancreatic Cancer Foundation | Woodbury, NY | $5,000 | General & Unrestricted | 2021 |
| William J Brennan Jr Center for Justice Inc | New York, NY | $5,000 | General & Unrestricted | 2021 |
| Belmar Arts Council Inc | Belmar, NJ | $5,000 | General & Unrestricted | 2024 |
| Foodbank of Monmouth and Ocean Counties Inc | Neptune, NJ | $5,000 | General & Unrestricted | 2024 |