Well-known businessman and philanthropist Sam Zell died in May 2023, but his legacy lives on through his giving, including via the Zell Family Foundation. The foundation primarily gives towards the arts, education, medicine and cancer research, recreation, youth development and human services.
According to the foundation’s 990PF for 2023, it had $275.1 million in assets at the end of 2023. Sam Zell’s estate contributed $74.6 million in cash and stock to the Zell Family Foundation in 2023. The Sam Zell Administrative Charitable Trust donated $1 million in cash.
Capital gains and losses
For tax on investment income, the Zell Family Foundation reported capital losses of more than $5.8 million on publicly traded securities in 2023. The...
