Return of Private Foundation
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l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93491013001000 Return of Private Foundation OMB No 1545-0052 Form 990 -PF or Section 4947(a)(1) Nonexempt Charitable Trust ` Treated as a Private Foundation 2008 Note : The foundation may be able to use a copy of this return to satisfy state reporting requirements Department of the Treasury Internal Revenue Service For calendar year 2008 , or tax year beginning 03-01-2008 and ending 02-28-2009 G Check all that annly I Initial return r-Final return I Amended return I Address channe I Name channe Name of foundation A Employer identification number Use the IRS The California Endowment label. 95 -4523232 Otherwise, B Te lep hone num b er ( see th e inst ruct ions) Number and street (or P 0 box number if mail is not delivered to street address) Room/ print 1000 N ALAMEDA STREET suite ortYPe . (213) 928-8800 See Specific C If exemption application is pending, check here iii. F Instructions . City or town, state, and ZIP code LOS ANGELES, CA 90012 D 1. Foreign organizations , check here F H Check type of organization I' Section 501 ( c)(3) exempt private foundation 2. Foreign organizations meeting the 85% test, r- check here and attach computation Section 4947( a)(1) nonexempt charitable trust Other taxable private foundation 3 Accounting method F Cash I' Accrual E If private foundation status was terminated I Fair market value of all assets at end un d er section 507 ( b )( 1 )( A), c h ec k h ere F o f y e a r (from Part I I, col. (c), O the r ( specify ) F If the foundation is in a 60-month termination line 16)x$ 3,083,096 ,943 (Part I , column (d) must be on cash basis.) under section 507(b)(1)(B), check here (d) Disbursements Analysis of Revenue and Expenses (The (a) Revenue a nd Net investment Adjusted net fo r cha ritable total of amounts in columns (b), (c), and (d) may not expenses per (b) (c) income income purposes necessarily equal the amounts in column (a) (see the books instructions) ) (cash basis only) 1 Contributions, gifts, grants , etc , received (attach schedule) 2 Check F if the foundation is not required to attach Sch B 3 Interest on savings and temporary cash investments 1,597,550 1,597,550 4 Dividends and interest from securities . 73,865,055 94,048,217 5a Gross rents . b Net rental income or (loss) q} 6a Net gain or (loss ) from sale of assets not on line 10 -260,188,690 b Gross sales price for all assets on line 6a 4,001,282,520 75 7 Capital gain net income ( from Part IV, line 2) co 8 Net short - term capital gain . 9 Income modifications . 10a Gross sales less returns and allowances b Less Cost of goods sold . c Gross profit or (loss ) ( attach schedule) . 11 Other income (attach schedule ) . 15,409,132 -9,221,240 12 Total . Add lines 1 through 11 . -169,316,953 86,424,527 13 Compensation of officers , directors , trustees , etc 2,399,955 699,964 1,587,028 14 Other employee salaries and wages 14,961,552 1,074,579 13,866,653 In 10 15 Pension plans, employee benefits . 4,009,555 229,938 646,380 16a Legal fees ( attach schedule) . 236,531 101 ,192 0 100,457 b Accounting fees ( attach schedule ) . 19 290,748 0 0 339,449 W co c Other professional fees ( attach schedule ) . 13,093,719 12,565,998 532,981 17 Interest . 2,465,186 2,470,482 C5 18 Taxes ( attach schedule ) ( see the instructions). 2,145,156 19 Depreciation ( attach schedule ) and depletion . 3,864,731 258,722 20 Occupancy . 1,934,304 135,787 1,787,073 21 Travel, conferences , and meetings . 822,966 103,365 713,025 rs 22 Printing and publications . 8,603 23 Other expenses ( attach schedule ) . 22,134,222 509,199 20,908,474 C5 24 Total operating and administrative expenses. Add lines 13 through 23 . 68,358,625 15,678,744 0 42,960,605 25 Contributions , gifts, grants paid . 155,511,352 140,467,401 26 Total expenses and disbursements . Add lines 24 and 25 223,869,977 15,678,744 0 183,428,006 27 Subtract line 26 from line 12 a Excess of revenue over expenses and disbursements -393,186,930 b Net investment income ( if negative , enter -0- ) 70,745,783 c Adjusted net income ( if negative , enter -0-) . For Privacy Act and Paperwork Reduction Act Notice , see the instructions . Cat No 11289X Form 990-PF (2008) Form 990-PF (2008) Pane 2 Attached schedules and amounts in the description column Beginning of year End of year B a l ance Sheets should be for end-of- year amounts only (See instructions ( a) Boo k Va l ue ( b ) Boo k Va l ue ( c) Fair M ark et Va l ue 1 Cash-non - interest-bearing . 2 Savings and temporary cash investments . 229,709,779 182,429,851 182,429,851 3 Accounts receivable ► Less allowance for doubtful accounts Oil 4 Pledges receivable ► Less allowance for doubtful accounts Oil 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 schedule) 111111 20,000,000 Less allowance for doubtful accounts Oil 2,000,000 18,000,000 18,000,000 18,000,000 8 Inventories for sale or use . 9 Prepaid expenses and deferred charges . 3,297,752 1,422,512 1,422,512 10a Investments-U S and state government obligations (attach schedule ) 43,089,247 42,358,613 42,358,613 b Investments - corporate stock ( attach schedule ) . 2,300,928,81 7 1,029,516,700 1,029,516,700 c Investments - corporate bonds ( attach schedule ). 550,630,01 5 570,057,493 570,057,493 11 Investments - land, buildings , and equipment basis Oil Less accumulated depreciation ( attach schedule) ► 12 Investments - mortgage loans . 13 Investments - other ( attach schedule ) . 1,413,685,875 1,140,850 ,273 1,140,850,273 14 Land, buildings , and equipment basis Oil 102,509,716 Less accumulated depreciation ( attach schedule ) ' 15,932,179 88,888,916 86,577,537 86,577,537 15 Other assets ( describe Ilk- ) 8,946,227 11,883,964 11,883,964 16 Total assets ( to be completed by all filers-see the instructions Also, see page 1, item I ) 4,657,176,628 3,083,096,943 3,083,096,943 17 Accounts payable and accrued expenses . 10,565,634 11,317,481 18 Grants payable . 45,688,386 62,035,648 19 Deferred revenue . co 20 Loans from officers, directors , trustees , and other disqualified persons 21 Mortgages and other notes payable ( attach schedule) 22 Other liabilities (describe O ) 609,425,658 536,362,674 23 Total liabilities (add lines 17 through 22) 665,679,678 609,715,803 Foundations that follow SFAS 117, check here ' F co and complete lines 24 through 26 and lines 30 and 31. r_ 24 U nrestricted . 3,991,496,950 2,473,381,140 15 25 Temporarily restricted +1 26 Permanently restricted . Foundations that do not follow SFAS 117, check here u_ and complete lines 27 through 31. 27 Capital stock , trust principal , or current funds . 28 Paid-in or capital surplus, or land, bldg , and equipment fund w1 29 Retained earnings, accumulated income, endowment, or other funds 30 Total net assets or fund balances ( see the instructions ) 3,991,496,950 2,473,381,140 31 Total liabilities and net assets / fund balances ( see the instructions ) 4,657,176,628 3,083,096,943 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 3,991,496,950 2 Enter amount from Part I, line 27a . 2 -393,186,930 3 Other increases not included in line 2 (itemize) 111 - 3 4 Add lines 1, 2, and 3 . 4 3,598,310,020 5 Decreases not included in line 2 (itemize) Oil 9!^ 5 1,124,928,880 6 Total net assets or fund balances at end of year (line 4 minus line 5)-Part II, column (b), line 30 6 2,473,381,140 Form 990-PF (2008) Form 990-PF (2008) Page 3 Ca ital Gains and Losses for Tax on Investment Income ( b) How acquired ( (a) List and describe the kind ( s) of property sold (e g , real estate, c) Date acquired ( d) Date sold P-Purchase 2-story brick warehouse , or common stock, 200 shs M LC Co mo , da y, r mo , da y, r ) D-Donation ( y ) ( y ) la PUBLICLY TRADED SECURITIES P b ALTERNATIVE INVESTMENTS C d e ( f) Depreciation allowed ( g) Cost or other basis ( h) Gain or (loss) (e) Gross sales price (or allowable ) plus expense of sale (e) plus ( f) minus (g) a 4,001,283,000 4 ,264,649,147 -263,366,147 b 16,813,001 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 (j) Adjusted basis (k) Excess of col ( i) col (k), but not less than -0-) or ( i) F M V as of 12 / 31/69 as of 12/31 /69 over col (j), if any Losses (from col (h)) a -263,366,147 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 -246,553,146 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 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 ) 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? fl Yes F 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 (d) Base period years Calendar Distribution ratio Adjusted qualifying distributions Net value of noncharitable-use assets year (or tax year beginning in) (col (b) divided by col (c)) 2007 195,800,158 4,184,158,854 0 046796 2006 202,145,926 3,883,858,298 0 052048 2005 238,892,672 3,599,871,612 0 066361 2004 215,323,851 3,378,484,179 0 063734 2003 196,474,890 3,052,374,785 0 064368 2 Total of line 1, column (d) .