IRS label FRANCES WOOD WILSON FOUNDATION, INC. 58-6035441 1- H

[Pages:45]-- Form! 990-PF

Department of the Treasury Internal Revenue Service (77)

Return of Private Foundation

or Section 4947(aXl) Nonexempt Charitable Trust Treated as a Private Foundation

Note : The foundation may be able to use a copy of this return to satisfy state

ronnrtrnn rpnrurnmantc

OMB No 1545-0052

2008

For calendar year 2008 , or tax year beginnin g

6/01

, 2008, and endin g

5/31

, 2009

G Check all that apply.

Initial return

Final return

Use the

IRS label FRANCES WOOD WILSON FOUNDATION,

Otherwise , 4500 HUGH HOWELL RD #370

print or type

TUCKER, GA 30084

See Specific

Instructions

Amended return

INC.

Address change

Name change

A Employer identification number

58-6035441

B Telephone number (see the instructions)

770-270-9083

1- H C If exemption application is pending, check here 0*

D 1 Foreign organizations , check here

H Check type of organization- X Section 501 (c)(3 exempt private foundation

2 Foreign organizations meeting the 85% test, check q

Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

here and attach computation

I

Fair market value of all assets at end of year (from Part ll, column (c), line 16)

J Accounting method

Cash X Accrual E

Other (s pecify) _ _ _ _ _ _ _ _ _ _ _ _ _ F

If private foundation status was terminated under section 507(b)(1 )(A), check here

If the foundation is in a 60-month termination

q

$

30, 620, 423.

(Part 1, column (d) must be on cash basis)

under section 507(b)(1)(B), check here

Patt i'i' Analysis of Revenue and

Expenses (The total of amounts in columns (b), (c), and (d) may not necessanly equal the amounts in column (a) (see the instructions))

(a) Revenue and expenses per books

(b) Net investment income

(c) Adjusted net income

(d) Disbursements for charitable p ur p oses

(cash basis only)

1 Contributions, gifts, grants, etc, received (att sch)

. --

y

ash

2 Ck

if the foundn is not req to att Sch B

3 Interest on savings and temporary cash investments

4 Dividends and interest from securities

5a Gross rents

b Net rental income or (loss)

6a Net ain /loss from sale of assets not on line 10

E

b Gross sales price for all assets on l ine 6 a

21 935,5 4 .

V

7 Capital gain net income (from Part IV, line 2)

E

8 Net short-term capital gain

N

9 Income modifications

E 10a Gross sales less returns and allowances

b Less. Cost of goods sold

c Gross profit/(loss) (att sch)

11 Other income (attach schedule)

85. 1 , 307 , 074.

85. 1 , 307 , 074.

, , -6 688 402. ?^

0.

85. 1 , 307 , 074.

^`

3

=. s X .,- - -^

k

-cj

-

--' r

k k" ,

?' r,

v?>`

^,-

`

^^y

^ar`

vWS

12 Total. Add lines 1 through 11

13 Compensation of officers, directors, trustees, etc

cli 14 Other employee salaries and wages 15 Pension plans, employee benefits

-5 , 381 , 243.

,

16, 169. 119, 525.

1 307 159.

,

1, 617 . 23, 905.

1 307 159.

WZ^

, 04U .

14,682. 95, 620.

CAI 16a Legal fees (attach schedule)

D

b Accounting fees (attach sch) See St 2

c Other prof fees (attach sch) See St 3

13, 450. 134, 623.

1, 345. 134, 623.

12,105.

?

17 Interest

E fs^D 18 Taxes (attach schedule) See Stmt 4 R

!$J 19 Depreciation (attach

T

sch) and depletion

N v'= 20 Occupancy

G

21 Travel, conferences, and meetings

A

22 Printing and publications

D p 23 Other expenses (attach schedule)

N

See Statement 5

14, 005.

14 , 369. 75.

15,734.

262.

1 , 437. 8.

971.

2,369.

12 , 932. 126.

13,728.

E 24 Total operating and administrative

s

expenses . Add lines 13 through 23

25 Contributions, gifts, grants paid Part XV

373, 550. 1 , 751 , 500.

168, 728. xa

^^b

192,602. 1 , 751 , 500.

26 Total expenses and disbursements. Add lines 24 and 25

27 Subtract line 26 from line 12:

a Excess of revenue over expenses and disbursements

2,M 125, 050. ^,x -7,506,293.

168, 728. -

0.

1,944,102.

"r _

^?_

b Net investment income (if negative, enter -0-)

1,13l! , 4 31 . >^ ^._ - ' ;;? - : `-,,

_"

C Adjusted net income (if negative, enter -o)

' s`

BAA For Privacy Act and Paperwork Reduction Act Notice , see the instructions .

1,307,159. 3^MRW_^Vrn^

TEEA0504L 091,17 8

Form 990-PF (2008)

YAO C-\1 il^

Form ,990-PF (2008) FRANCES WOOD WILSON FOUNDATION,

Attached schedules and amounts in the description

P,

' Balance Sheets column should be for end-of-year amounts only

(See instructions

1 Cash - non-Interest-bearing

2 Savings and temporary cash investments

3 Accounts receivable

INC.

Beginning of year (a) Book Value

188, 022. 25, 010.

-

Less allowance for doubtful accounts

4 Pledges receivable

_ _ _ _ _ _

Less allowance for doubtful accounts ----------

5 Grants receivable

6 Receivables due from officers, directors, trustees, and other disqualified persons (attach schedule) (see the instructions)

7 Other notes and loans receivable (attach sch) - - - - - - - - - -

Less allowance for doubtful accounts

S 8 Inventories for sale or use

ET 9 Prepaid expenses and deferred charges

S 10a Investments - U S and state government

obligations (attach schedule)

Statement 6

b Investments - corporate stock (attach schedule) Statement 7

c Investments - corporate bonds (attach schedule) Statement 8

5, 569.

1, 077, 156. 8, 125, 454. 2, 182, 733.

11 Investments - land, buildings, and equipment basis

Less accumulated depreciation (attach schedule)

12 Investments - mortgage loans

----------

13 Investments - other (attach schedule) Statement 9

14 Land, buildings, and equipment basis - _ _ _ _ _1 9 ,700. ,

Less accumulated depreciation

(attach schedule) See Stmt 10 - _ _ _ 1 9 ,_7_0 0 .

15 Other assets (describe 01 -S-ee--St-a-te-m-en-t-1-1---- )

16 Total assets (to be completed by all filers -

see instructions Also, see page 1, item 1)

L 17 Accounts payable and accrued expenses

A 18 Grants payable B 19 Deferred revenue

L 20 Loans from officers, directors, trustees, & other disqualified persons

21 Mortgages and other notes payable (attach schedule)

1 22 Other liabilities (describe See Statement-12

E S 23 Total liabilities (add lines 17 through 22)

Foundations that follow SFAS 117, check here

X

and complete lines 24 through 26 and lines 30 and 31 .

^ _, , ^_

32, 621, 663.

5,621. 74,339. 44, 305, 567.

6, 122.

883, 769.

889 , 891 .

N F 24 Unrestricted

EU T N 25 Temporarily restricted

D 26 Permanently restricted

AS IS SA

Foundations that do not follow SFAS 117, check here an d comp l ete li nes 27 th rough 31.

43, 415, 676.

T A 27 Capital stock, trust principal, or current funds S N 28 Paid-in or capital surplus, or land, building, and equipment fund

O E 29 Retained earnings, accumulated income, endowment, or other funds R S 30 Total net assets or fund balances (see the instructions)

31 Total liabilities and net assets/fund balances

(see the instructions)

Part .1Ik Analysis of Chances in Net Assets or Fund Balances

43, 415, 676. 44, 305, 567.

58-6035441

Page 2

End of year

(b) Book Value

(c) Fair Market Value

248, 722.

248,722.

2 5, 004.

25,004.

1 , 026.

573, 486. 9,489, 190. 1,449, 382.

1, 026.

573, 486. 9,489,190. 1,449,382.

u- a

a

,

18, 775, 520.

18, 775, 520.

58,093.

30, 620, 423. 6, 901.

58,093. 30, 620, 423.

874, 388.

881 , 289 .

29,739,134. ?

'"

?. `

. ^'

29, 739, 134. 30, 620, 423.

1 Total net assets or fund balances at beginning of year - Part II, column (a), line 30 (must agree with

end-of-year figure reported on prior year's return)

1

2 Enter amount from Part I, line 27a

2

3 Other increases not included in line 2 (itemize)

4 Add lines 1 , 2, and 3

5 Decreases not included in llne2 (itemize)

3

----------------------------- -

4

See Statement 13

5

6 Total net assets or fund balances at end of year (line 4 minus line 5) - Part II, column (b), line 30

6

BAA

TEEA0302L 09/17/08

43, 415, 676. -7,506,293.

35, 909, 383.

6 , 170 , 249. 29,739,134. Form 990-PF (2008)

Form 990-PF (2008) FRANCES WOOD WILSON FOUNDATION, INC.

58-6035441

Page 3

FP-" -W, Ca p ital Gains and Losses for Tax on Investment Income

(a) List and describe the kind (s) of property sold (e g , real estate, 2-story brick warehouse , or common stock , 200 shares MLC Company)

( b) How acquired P - Purchase D - Donation

(c ) Date acquired (month, day, year)

Date sold (month , day, year)

1a SUNTRUST ( SEE ATTACHED )

P

Various Various

b BERNSTEIN ( SEE ATTACHED )

P

Various Various

c

d

e

(e) Gross sales price

(f) Depreciation allowed (or allowable )

(g) Cost or other basis plus expense of sale

(h) Gain or (loss) (e) plus (f) minus (g)

a

16,391 , 826.

20 , 610,425.

b

5,543 , 768.

8,007 , 950.

C

d

e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69

(i) Fair Market Value as of 12/31/69

(j) Adjusted basis as of 12/31/69

(k) Excess of column (I) over column 0 ), if any

-4,218,599. -2,464,182.

(I) Gains (Column (h) gain minus column ( k), but not less than -0-) or Losses (from column (h))

a b C d e

2 Capital gain net income or ( net capital loss ).

If gain, also enter in Part I, Ilne 7 If (loss), enter -0- in Part I, Ilne 7 }

2

3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6).

If gain, also enter in Part I, line 8, column (c) (see the instructions ) If (loss), enter -0-

in Part I, line 8

3

I Pak 1 I Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

-4,218,599. -2,464,182.

-6,682,781. 0.

If section 4940(d)(2) applies, leave this part blank

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?

Yes

X] No

If 'Yes,' the foundation does not qualify under section 4940 (e). Do not complete this part

1 Enter the appropriate amount in each column for each year , see the instructions before making any entries

(a) Base period years Calendar year (or tax year

beginning in)

(b) Adjusted qualifying distributions

c Net va ue of noncharitable-use assets

(d) Distribution ratio (column (b) divided by column (c))

2007

2,173,185.

44,520,442.

0.048813

2006

2,022,348.

42,591,398.

0.047483

2005

2,078,250.

41,465,479.

0.050120

2004

2,006,114.

41,562,513.

0.048267

2003

2,050,807.

41,887,122.

0.048960

2 Total of line 1, column (d)

2

3 Average distribution ratio for the 5-year base period - divide the total on line 2 by 5, or by the

number of years the foundation has been in existence if less than 5 years

3

0.243643 0.048729

4 Enter the net value of noncharitable-use assets for 2008 from Part X, line 5

4

32, 747,037.

5 Multiply line 4 by line 3

5

1, 595, 730.

6 Enter 1 % of net investment income (1 % of Part I, line 27b)

6

11,384.

7 Add lines 5 and 6

...

7

1,607,114.

8 Enter qualifying distributions from Part XII, line 4

8

1,944,102.

If line 8 is equal to or greater than line 7, check the box in Part VI, line 1 b, and complete that part using a 1 % tax rate See the Part VI Instructions

BAA

Form 990-PF (2008)

TEEA0303L 09/18/08

Form 990-PF (2008) FRANCES WOOD WILSON FOUNDATION, INC.

58-6035441

Page 4

I Pa

Excise Tax Based on Investment Income (Section 4940(a), 4940 (b), 4940(e), or 4948 - see the instructions)

1 a Exempt operating foundations described in section 4940(d)(2), check here

F1 and enter 'N/A' on line 1

Date of ruling letter _ _ _ - _ _ _ (attach copy of ruling letter if necessary - see instructions)

b Domestic foundations that meet the section 4940(e) requirements in Part V,

11,384.

check here X and enter 1 % of Part I, line 27b

c All other domestic foundations enter 2% of line 27b Exempt foreign organizations enter 4% of Part I, line 12, column (b)

2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable

foundations only Others enter -0-)

2

3 Add lines 1 and 2

3

4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only Others enter -0-)

4

5 Tax based on investment income . Subtract line 4 from line 3. If zero or less, enter -0-

5

6 Credits/Payments

a 2008 estimated tax pmts and 2007 overpayment credited to 2008

6a

4,701.

b Exempt foreign organizations - tax withheld at source

6b

c Tax paid with application for extension of time to file (Form 8868)

6c

d Backup withholding erroneously withheld

6d

7 Total credits and payments Add lines 6a through 6d

7

8 Enter any penalty for underpayment of estimated tax Check here X] if Form 2220 is attached

8

9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed

9

10 Overpayment If line 7 is more than the total of lines 5 and 8, enter the amount overpaid

10

11 Enter the amount of line 10 to be Credited to 2009 estimated tax

I Refunded

11

Regarding Activities

1 a 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?

0. 11,384.

0. 11,384.

4,701. 135.

6,818.

Yes No

la

X

b Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see the instructions for definition)

1b

X

If the answer is 'Yes' to la or 1b, attach a detailed description of the activities and copies of any materials published or distributed by the foundation in connection with the activities.

c Did the foundation file Form 1120 -POL for this year?

1c

X

d Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year

(1) On the foundation

$

0. (2) On foundation managers

$

0.

e Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed on

foundation managers

$

0.

2 Has the foundation engaged in any activities that have not previously been reported to the IRS's

2

X

If 'Yes,' attach a detailed description of the activities

3 Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments? If 'Yes,' attach a conformed copy of the changes

4a Did the foundation have unrelated business gross income of $1,000 or more during the year? b If 'Yes,' has it filed a tax return on Form 990-T for this year?

5 Was there a liquidation, termination, dissolution, or substantial contraction during the year? If 'Yes,' attach the statement required by General Instruction T.

6 Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either ? By language in the governing instrument, or

3

X

4a

X

4b N/A

5

X

? By state legislation that effectively amends the governing instrument so that no mandatory directions that conflict with the state law remain in the governing instrument?

7 Did the foundation have at least $5,000 in assets at any time during the year2 If Yes,' complete Part Il, column (c), and PartXV

8a Enter the states to which the foundation reports or with which it is registered ( see the instructions)

GA

b If the answer is 'Yes' to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state as required by General Instruction G? If 'No,' attach explanation

6X 7X

n'

8b1 X

9 Is the foundation claiming status as a private operating foundation within the meaning of section 49420)(3) or 4942(1)(5)`

for calendar year 2008 or the taxable year beginning in 2008 (see instructions for Part XIV)' If 'Yes,' complete Part XIV 9

X

10 Did any persons become substantial contributors during the tax year? If 'Yes,' attach a schedule listing their names

BAA

Form 990-PF (2008)

TEEA0304L 09/18/08

Form 990-PF

FRANCES WOOD WILSON FOU NDATION, INC.

' t Statements Reg ardin g Activities Continued

11 At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)' If 'Yes', attach schedule (see instructions)

58-6035441

11

X

12 Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?

12

X

13 Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

13 X

Website address

N/A

-----------------------------------------

14 The books are in care of -B-L ITCH A-N-N -B-I-RD------------------ Telephone no -7-70---2-70---9-08-3----

Located at 4500_ HUGH HOWELL_ RD, SUITE 370 TUCKER GA_

ZIP + 4 30084

15 Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 - Check here

N/A

and enter the amount of tax-exempt interest received or accrued during the year

15

Pa{ Statements Reg ardin g Activities for Which Form 4720 May Be Re q uired

N/A

File Form 4720 if any item is checked in the'Yes' column , unless an exception applies.

Yes No

1 a During the year did the foundation (either directly or indirectly)

(1) Engage in the sale or exchange, or leasing of property with a disqualified person?

EI Yes X No

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?

Yes X No_,` ?

^

Yes X No

Yes X No

(5) Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?

E]Yes N No

(6) Agree to pay money or property to a government official? ( Exception . Check 'No' if the foundation agreed to make a grant to or to employ the official for a period after termination of g overnment serv i ce , i f te r mina t ing wi th in 90 d ays.)

E Yes

b If any answer is 'Yes' to la(1)-(6), did any of the acts fail to qualify under the exceptions described in Regulations section 53 4941 (d)-3 or in a current notice regarding disaster assistance (see the instructions)?

Organizations relying on a current notice regarding disaster assistance check here

XX N o

c Did the foundation engage in a prior year in any of the acts described in la, other than excepted acts, that were not corrected before the first day of the tax year beginning in 2008?

2 Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private operating foundation defined in section 49420)(3) or 49420)(5))-

a At the end of tax year 2008, did the foundation have any undistributed income (lines 6d and 6e , Part XIII) for tax year(s) beginnin g before 2008?

If 'Yes,' list the years 0, 20 - , 20 - , 20 - , 20 -

[]Yes

No

-x

1 b N/ A

- -- M

1c

X

`^

b Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year ' s undistributed income? (If applying section 4942(a)(2) to all years listed, answer 'No' and attach statement - see the instructions) .

c If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here

20

, 20

.20

, 20

3a Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year's

E]Yes XN No

b If 'Yes,' did it have excess business holdings in 2008 as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest, or R) the la p se of the 10 -, 15 -, or 20 -year first p h ase h o ld ing perio d? (Use Sche dule C, Form 4720, to determine if the foundation had excess business holdings in 2008)

4a Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

2b N A

'f{

;- ? 3b N A

4a

X

b Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2008?

BAA

4b

X

Form 990-PF (2008)

TEEA0305L 01/02/09

b If any answer is 'Yes' to 5a(1)-(5), did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)?

5b N A

Organizations relying on a current notice regarding disaster assistance check here

_?)

c If the answer is 'Yes' to question 5a(4), does the foundation claim exemption from the tax because it maintained expenditure responsibility for the grant?

If 'Yes, ' attach the statement required by Regulations section 53 4945-5(d)

NIA q Yes q No

6a Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?

Yes

No

b Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?

6b

If you answered 'Yes' to 6b, also file Form 8870.

7a At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? q Yes

No

b If yes, did the foundation receive any proceeds or have any net income attributable to the transaction?

7b

art: 1 _ a Information A b out Officers, Directors, Trustees , Foundation Managers , Highly Paid Employees,

and Contractors

1 List all officers . directors . trustees - foundation mananerc and their rmmnencatinn fcaa inctnirtinncl

X NA

(a) Name and address See Statement -14 - - - - - - - - - - - -

(b) Title and average (c) Compensation hours per week (If not paid , enter -0-)

devoted to position

(d) Contributions to employee benefit plans and deferred compensation

(e) Expense account, other allowances

------------------------

45,600.

109,529.

1,693.

------------------------

-------------------------

Z G omoens atlon of tive highest-paid emninveec (nther than those included on line 7- see inctrnrtinncl If nnna ontor'MnuF'

(a) Name and address of each employee paid more than $50,000

(b) Title and average hours per week

devoted to position

-N-on-e---------------------

(c) Compensation

(d) Contributions to employee benefit plans and deferred

com p ensation

(e) Expense account, other allowances

------------------------

------------------------

------------------------------------------------

Total number of other em p loyees p aid over $50,000 o?+r+

TEEA0306L 09/18/08

0

corm uuu-vi (2uut3)

Form 990-PF (2008) FRANCES WOOD WILSON FOUNDATION, INC.

58-6035441

Page 7

Paid Information About Officers , Directors, Trustees , Foundation Managers, Highly Paid Employees,

and Contractors (continued)

3 Five hi g hest-paid independent contractors for professional services - (see instructions). If none, enter'NONE.

(a) Name and address of each person paid more than $50.000

(b) Tvoe of service

-N-on-e----------------------------------

(c) Compensation

Total number of others receiving over $50,000 for professional services

.1

[?artI - I A Summary of Direct Charitable Activities

List the foundation's four largest direct charitable activities during the tax year Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.

-N-/A---------------------------------------------------------------------------------------------------------

2 -----------------------------------------------------------------------------------------------------------

3 -----------------------------------------------------------------------------------------------------------

4 - - ---- -- - - -- - - -- --- - -- - - -- -- -- --- -- - - ---- - ------ - - - ---

0 Expenses

Summary of Program - Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2

1 -N-/A---------------------------------------------------------------------------------------------------------

Amount

2 -----------------------------------------------------------------------------------------------------------

All other program-related investments See instructions

3 -----------------------------------------------------------------------------------------------------------

Total . Add lines 1 through 3 BAA

10.

0.

Form 990-PF (2008)

TEEA0307L 09/18/08

Form 990-PF (2008) FRANCES WOOD WILSON FOUNDATION, INC.

58-6035441

Page 8

P "rt X"- Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

1 Fair market value of assets not used (or held for use) directly in carrying out charitable, etc, purposes a Average monthly fair market value of securities

b Average of monthly cash balances

c Fair market value of all other assets (see instructions)

d Total (add lines la, b, and c)

e Reduction claimed for blockage or other factors reported on lines 1a and lc

(attach detailed explanation)

1e

2 Acquisition indebtedness applicable to line 1 assets

3 Subtract line 2 from line ld

la lb 1c 1d

0. 2 3

33,021,607. 224,116.

33,245,723.

0. 33,245,723.

4 Cash deemed held for charitable activities Enter 1-1/2% of line 3 (for greater amount, see instructions)

4

498, 686.

5 Net value of noncharitable - use assets . Subtract line 4 from line 3 Enter here and on Part V, line 4

5

32, 747,037.

6 Minimum investment return . Enter 5% of line 5

6

1, 637,352.

1 Distributable Amount (see instructions) (Section 4942(j)(3) and (I)(5) private operating foundations

and certain forei g n org anizations check here

and do not com p lete this art.

1 Minimum investment return from Part X, line 6

1

1,637,352.

2a Tax on investment income for 2008 from Part VI, line 5

2a

11,38 4.

b Income tax for 2008 (This does not include the tax from Part VI)

2b

c Add lines 2a and 2b

0--le

2c

11,384.

3 Distributable amount before adjustments. Subtract line 2c from line 1

3

1,625,968.

4 Recoveries of amounts treated as qualifying distributions

4

5 Add lines 3 and 4

5

1,625,968.

6 Deduction from distributable amount (see instructions)

6

7 Distributable amount as adjusted. Subtract line 6 from line 5 Enter here and on Part XIII, line 1

7

1,625,968.

ai to P ( Qualifying Distributions (see instructions)

1 Amounts paid (including administrative expenses) to accomplish charitable, etc, purposesa Expenses, contributions, gifts, etc - total from Part I, column (d), line 26

b Program-related investments - total from Part IX-B

2 Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc, purposes

1a

1,944,102.

1b

2

3 Amounts set aside for specific charitable projects that satisfy the a Suitability test (prior IRS approval required)

b Cash distribution test (attach the required schedule)

4 Qualifying distributions Add lines la through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

3a

3b

4

1,944,102.

5 Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment income Enter 1% of Part I, line 27b (see instructions)

6 Adjusted qualifying distributions . Subtract line 5 from line 4

5

11,384.

6

1,932,718.

BAA

Note : The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating w hether the foundation qualifies for the section 4940(e) reduction of tax in those years.

Form 990-PF (2008)

TEEA0308L 01/02/09

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