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2'9' t 3 a7' N e^^ 8 Form 990-P--I'' Return of Private Foundation OMB No 1545-0 or Section 4947(a)(1) Trust Treated as Private Foundation Do not enter social security numbers as It may public. 2017 Department of the Treasury ► on this form be made Int ernal Revenue Service ► Go to www.irs_gov/Form990PFfor instructions and the latest Information . •'' For calendar year 2017 or tax year baainnina 2017. and endina . 20 Name of foundation A Employer Identification number KORET FOUNDATION 94-1624987 Number-and street (or P 0 box number If mail is not delivered to street address ) Room/suite B Telephone number (see instructions) 611 FRONT STREET (415) 882-7740 City or town, state or province , country, and ZIP or foreign postal code q C If exemption application is ► pending , check hero , . SAN FRANCISCO, CA 94111 G Check all that apply- Initial return Initial return of a Tormer public charity D 1 Foreign organizations , check here. ► O Final return Amended return 2 Foreign organtzaeons meeting the test , check here and attach . Address change9a Name change9a computation . 0. El H Check type of organization X Section 501 ( c)(3) exempt private foundation L1 E If private foundation status was terminated Section 4947 ( a)( 1 ) nonexem pt charitable trust Other taxable p rivate foundation under section 507(b )( 1)(A), check here . ► D I Fair market value of all assets at J Accounting method Cash Accrual F If the foundation i s in a 60-month tamunabon q end of year ( from Part II, col (c), line q Other (specify) under section 5o7( b)(1)(B). check here , ► 16 ) ► $ 608, 086, 853. ( Part I, column (d) must be on cash basis) (d) Disbursements Analysis of Revenue and Expenses (The (a) Revenue and (b) Net investment (c) Adjusted net for charitable total of amounts in columns (b), (c), and (d) per expboksboo income income purposes may not necessarily equal the amounts in o ks column (a) (see Instructions)) ( cash basis only) I contributions, gilts, grants , etc, received (attach schedule) foundation 2 Check q if the is not required to ► attach Sch B . , 3 Interest on savings and temporary cash investments . 156,106. 150,060. 4 Dividends and interest from securities ... 6, 948, 652. 7, 000, 526. 5a Gross rents . T 21, 479, 186. 21, 479, 186. b Net rental incorne'rr(l s) it 12, 888, 693. d 6a Net gain or (loss ) from sale of assets not on line 10 3,014,775. C b Gross sales price for all 29,313,218. assets on line 6a cT 3, 014 , 775 . It y 7 Capital gain net income (from Part IV, line 2 ) . ILI 8 Net short- term capital gain. .. 9 Income modifications . 10a Gross sales less returns 1Y1 and allowances . G b Less Cost of goods sold c Gross profit or (loss) (attach schedule) , , , rn 11 Other income (attach schedule) 5TgH. J.. 882. 882. 12 Total Add lines 1 through 11 31,599, 601. 31, 645, 429. t=3 13 Compensation of officers, directors , trustees, etc • 822, 051. 184, 695. 680, 732. W .. 1,418,388. 95,188. 1, 128,041. 0V y 14 Other employee salaries and wages ... O 15 Pension plans , employee benefits , , , . , 249, 944. 45,384. 203,781. 403, 185. 487, 309. X 16a Legal fees (attach schedule) ATCH 2 W b Accounting fees (attach schedule) ATCH 94, 663. 12,524. 79,789. > c Other professional fees (attach schedule) XT. H 2 1, 597, 699. 1,257, 839. 404f861. 17 Interest .................. 3, 013, 379. 1,554, 602. 1, 458f777. 18 Taxes (attach schedule) (see Instructions )[ 33. 1,709,193. 579, 122. 97f854. EE 19 Depreciation (attach schedule) and depletion . 1, 204, 842. 713,768. Q 20 Occupancy . 21 Travel , conferences , and meetings .... .. 101 0 94,768., 7 6 8 . 1133,86, 8 611.. 9933,348., 3 4 8 . IV 22 Printing and publications . 23 Other expenses (attach schedule)ATC .4, 5, 929, 476. 5,178,569. 740, 045. 24 Total operating and administrative expenses. d Add lines 13 through 23 .......... 16, 547, 588. 9, 635, 552. 5,374,537. O 25 Contributions , gifts, grants paid ...... 38 , 634, 863. 39,968,321. 26 Total exp enses anddisbursements Add lines 24 and 25 55, 182, 451. 9, 635, 552. 0. 45, 342, 858. 27 Subtract line 26 from line 12 a Excess of revenue over expenses and disbursements . -23 , 582, 850. b Net investment income ( if negative, enter-0-) 22,009,877. c Adjusted net income ( if negative , enter -0-) . JSA For Paperwork Reduction Act Notice, see Instructions . Form 99U-Pt (2017) 7E1410 10007FS51I M200 V 17-6F 14812 Form 990- PF (2017) KORET FOUNDATION 94-1624987 Paqe 2 Attached schedules and amounts in the Beginning of year End of year Balance Sheets description column should be for end-0l-year amounts only (See instructions) (a) Book Value (b) Book Value (c) Fair Market Value I Cash - non-interest-beanng . ................. 1, 412, 333. 883, 483. 883,483 2 Savings and temporary cash investments ..... .. .. 30, 407, 295. 16, 336, 992. 16,336, 992 3 Accounts receivable ► ^ f r^ £Y Less ' allowance for doubtful accounts ► 15 `E' „ 4 Pledges receivable ► % 04 Less allowance for doubtful accounts ► 5 Grants receivable . .. ... ..... ......... 6 Receivables due from officers, directors , trustees, and other disqualified persons ( attach schedule) (see instructions) . 7 Other notes and loans receivable (attach schedule) 10- <, ,^„r.^.,^ ^'' • y :..' ^01-001110 Less allowance doubtful for accounts ► 8 Inventories for sale or use . U0 9 Prepaid expenses and deferred charges . 10a Investments - US and stale government obligations (attach schedule)(5.] 20, 043, 403. 20, 204, 195. 19, 944, 523. b Investments - corporate stock (attach schedule) ATCH 6 98, 178, 758. 89, 465, 525. 128, 571, 479. c Investments - corporate bonds (attach schedule) ATCH 7 42, 183, 569. 37, 176, 349. 36,267,66-8 11 Investments - land, buildings , 39,090,555. ; and equipment basis ► '=° Less accumulated depreciation ► 28, 180, 094. 11, 390, 000. 10, 910, 461'. 321, 676, 620. (attach schedule) 12 Investments - mortgage loans . 13 Investments - other (attach schedule) .....ATCH. 8 . , . 61, 345, 696. 61, 216, 391. 56,956,840 '. 14 Land buildings , and 13, 957, ti ar r x basis 1111. 389. ; .;, 221m' s ': IWAam- Less accumulated depreciation 1, 862, 914. 12, 001, 927. 11, 594, 475. 11, 594, 475. (attach schedule) ATCH 9 ) 1, 522, 911. 6, 440, 973. 15, 854, 833. 15 Other assets (describe ► 16 Total assets ( to be completed by all filers - see the instructions Also, see page 1 , item l) . 278, 485, 892. 254, 228, 844. 608, 086, 853. 575 021 373 660. °%r> 17 Accounts payable and accrued expenses 1 ' ' 1 ' ' 18 Grants payable . ... .............. .... 76,859, 254. 75,525,796. in 19 Deferred revenue . 20 Loans from officers , directors , trustees, and other disqualified persons, 21 Mortgages and other notes payable ( attach schedule) 78 r806,106. 78,864,162 ATCH'_ ti.w10;;_ tae,; J 22 Other liabilities (describe Is- ATCH 11 ) 6, 080, 197. 6, 882, 762. 23 Total liabilities ( add lines 17 through 22) 163 320 578. 162 646 380. M Foundations that follow SFAS 117 , check here . ► LXJ o- MW- •z _ m and complete lines 24 through 26, and lines 30 and 31. ,•^h.^l,^;^^ 24 Unrestricted ... ... .. .... 115,165,314 91,582,464 . 3'Sq,,r1- 25 Temporarily restricted . t ; K 26 Permanently restncted . Foundations that do not follow SFAS 117, check here = and complete lines 27 through 31. y 27 Capital stock , trust principal, or current funds . d 28 Paid - in or capital surplus, or land, bldg , and equipment fund . f_yNr• - rA 29 Retained earnings , accumulated income , endowment, or other funds SAT w^^° ;^ : i 30 Total net assets or fund balances (see Instructions ). 115, 165, 314. 91, 582, 464 . Z 31 Total liabilities and net assets/fund balances (see k"'`?b instructions) 278, 485, 892. 254, 228, 844 Analysis of Changes in Net Assets or Fund Balances 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 ) ........................... 1 115, 165, 314 . 2 Enter amount from Part I, line 27a .... ... .... .. ....................... 2 -23, 582, 85 -. 3 Other increases not included in line 2 ( itemize) ► 3 4 Add lines 1, 2, and 3 .. ... .............. .. .......... ........... 4 91,582,464. 5 Decreases not included in line 2 (Itemize) ► 5 6 Total net assets or fund balances at end of year ( line 4 minus line 5) - Part II, column (b ) , line 30 .. , 6 91,582,464. Form 990-PF (2017) JSA 701420 1 000 7FS51I M200 V 17-6F 14812 KORET FOUNDATION 94-1624987 Form 990-PF (2017) Page 3 Ca ital Gains and Losses for Tax on Investment Income (a) List and describe the kind(s) of property sold (for example, real estate, acy,"red (c) Date acquired (d) Date sold 2-story brick warehouse, or common stock, 200 shs MLC Co) F- Purchase (mo. day, yr) (mo, day, yr ) D - Donation 1a SEE PART IV SCHEDULE b c d e Depreciation allowed (g) Cost or other basis (h) Gain or (loss) (e) Gross sales puce (f) (or allowable) plus expense of sale ((e) plus (f) minus (g)) a b c d e Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (I) Gains (Col (h) gain minus Adjusted basis (k) Excess of col (i) col. (k), but not less than -0-) or f FMV as of 12/31/69 0) () as of 12/31/69 over col p), if any Losses (from col (h)) a b c d e If gain, also enter in Part I, line 7 2 Capital gain net income or (net capital loss) { If (loss), enter -0- in Part I, line 7 } 2 3, 014, 775.
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  • Iia R Lt U U S T 500 Stations a Ir K Ook Propaganda

    Iia R Lt U U S T 500 Stations a Ir K Ook Propaganda

    i i a r l t u u s t PUBLISHED BY THE INTERNATIOMAL /ASSOCIATION OF MACH INISTS o ^ Cohrfittht 1H4 * W ASHINGTON, D.C. 20036 JANUARY 30, 1964 NUMBER 46 U P I PHOTO Or. Benjamin Spock and a Washington fan. NATIONAL EARACHE H ospitare w ill help 500 Stations Air f a m i l i e s —Dr. S p o c k Dr. Benjamin Spock, Doctor's offices and hospitals were sometimes half empty. As world-famous authority on recovery occurred, there were Kook Propaganda child care, urged Congress many more patients than ever, last week to enact hospital insur­ some of them showing the tragic ance for the aged under Social effects of delay.” See Radio & TV Guide/ pages 5-8 Security. H e testified before the House D r. Spock said he could see Ways and Means Committee in no practical reason why hospital the final week o f hearings on the insurance for the aged under measure. Social Security should not be en­ acted immediately. He declared: DR. SPOCK stuck to his spe­ cialty— children. He declared: “To include it in Social Securi­ “ It’s not only the aged who lose ty is the practical way to cover these people who would be least Hiring Racket Exposed all their savings when they are ill. Their married sons and daugh­ able or likely to secure it for ters and the young children whom themselves. they are raising often have to “THIS METHOD involves no make great sacrifices. I know chanty or means test. It would In Pacific Northwest from my own practice.