Fo.990-PF Or Section 4947 (A)(1) Nonexempt Charitable Trust Department of the Treasury Treated As a Private Foundation Internal Revenue Service Note
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FILE PURSUANT TO NOTICE 2004-36 Return of Private Foundation OMB No 1545-0052 Fo.990-PF or Section 4947 (a)(1) Nonexempt Charitable Trust Department of the Treasury Treated as a Private Foundation Internal Revenue Service Note . The foundation may be able to use a copy of this return to satisfy state red ting req uirements M11 For calendar year 2011 or tax year beginning , 2011 , and endinc , 20 Name of foundation A Employer Identification number THE RICHARD H. DRIEHAUS FOUNDATION 36-3261347 Number and street ( or P 0 box number if mail is not delivered to street address ) Room /suite B Telephone number (see instructions) (312) 587-3800 25 EAST ERIE STREET City or town , state, and ZIP code If exemption application C is ► pending, check here , . , . CHICAGO, IL 60611 G Check all that apply Initial return Initial return of a former public charity D 1 Foreign organizations , check here . ► Final return Amended return 2 Foreign organizations meeting the 85% test, check here and attach Address change Name change computation 0. El H Check type of organization X Section 501 (c 3 exempt private foundation E If private foundation status was terminated Section 4947 ( a )( 1 ) nonexem pt chantable trust Other taxable p rivate foundation under section 507(b 1)(A), check q )( here . ► I Fair market value of all assets at end Accounting method 'LJ Cash X Accrual F If the foundation is in a 60-month termination of year (from Part 11, col (c), line El Other (specify) ---------------------- under section 507(b)(1)(B), check here , ► 57,061,486. (Part 1, column (d) must be on cash basis) 16) ► $ Ji^ Analysis of Revenue and Expenses (The (d) Disbursements and total of amounts in columns (b), (c), and (d) ( a) Revenue (b) Net investment (c) Adjusted net for charitable expenses per may not necessanly equal the amounts in income income purposes books column (a) (see instructions)) ( cash basis only) 185, 1 Contnbubon,sA.iRS• grants. etc • received ( attach schedule ) 578. 2 ► U if the foundation is not required to Check attach Sch B , 3 Interest on savings and temporary cash investments 7,974. 7,974 . 4 Dividends and interest from securities 602, 684. 602,684. 5a Gross rents . b Net rental income or (loss) as 6a Net gain or ( loss) from sale of assets not on line 10 945,462. C b Gross sales pnceforall 78, 318, 923. a, assets on line 6a Y 7 Capital gain net income (from Part IV, line 2) , 94 5, 4 62 . 8 Net s pI a Dttal_ am 9 IrI comeunggpGaICm 10 a Pros a e^'tesstietlrtns+.^ U ^r1d a llowances b sold c soprofit or (t6sss (attaCf^^ch ul) - - 571 , 361 . 57 11 tOth r Income attach schedule) ry 1, 534. ATCH 1 12 !Total. r u h } . - 1 , 170 , 337 . 984 , 586 . 13 ompensa o • s, etc 198, 226. 19,823. 178,403 140ther employee salaries and wages . , , 232,603. 232,603 15^enston plans , employee benefits 106,229. 73,796 16 Legal fees (attach schedule) ATCH 2 33,749. 33, 74 9 JJ 4ccounting fees (attach schedule)r'. ..s 45, 621. 22, 811. 22, 811 Other professional fees (attach schedule ). * 328, 945. 328, 945. 17Qlnterest . 57. 57. o 18ZTaxes (attach schedule ) (see instructions) , , , , , * - 8 5 , 2 71 . 19 , 10 6 . I Depreciation (attach schedule ) and depletion. 28 Occupancy . .. .. .. 36, 661. 40,692 a 2 Travel , conferences , and meetings , , , , , , 31, 894. 19, 977 ( 2 Printing and publications . , c 2 Other expenses (attach schedule) ATCH . 6 189, 313. 4,364. 181, 2 98 M • m 2 Total operating and administrative expenses. CL Add lines 13 through 23 .. 1, 118, 027. 395, 106. 783,329 D 25 Contributions, gifts, grants paid . .. 4 , 098 , 909 . 4 , 293 , 085 , 26 Total expenses anddisbursements Add lines 24 and 25 5, 216, 936. 395, 106. 5, 076, 414 , 27 Subtract line 26 from line 12: a Excess of revenue over expenses and disbursements -4, 046, 599. b Net investment income ( if negative, enter -0-) 589,480. c Adjusted net income ( if negative, enter -0- ) . For Paperwork Reduction Act Notice, see instructions. *rti^-r1 It ,tsA ** ATCH 5 Form 990-PF (2011) C,^^^ I E 1410 1 000 Form 990 -PF (2011) Page 2 ® Attached schedules and amounts in the Beginning of year End of year Balance Sheets description column should be for end-of-year amounts only (See instructions) ( a) Book Value (b) Book Value (c) Fair Market Value I Cash - non-interest -beanng .... .. .. 3,474, 629. 13, 098, 144. 13,098,144. 2 Savings and temporary cash investments . 3,229,381. 718f778. 718,778, 3 Accounts receivable 460,274. ► ----------------------- Less : allowance for doubtful accounts 206, 167. 460, 274. 460,274 ► ------- --- --- 4 Pledges receivable ► ----------------------- Less allowance for doubtful accounts ► 5 Grants receivable . ... ... .. ... ... 2, 843, 193. 1, 445, 500. 1, 445, 500. 6 Receivables due from officers, directors, trustees, and other disqualified persons ( attach schedule ) (see instructions) , , , , 7 Other notes and loans receivable ( attach schedule) ► - - - _ _ Less : allowance for doubtful accounts ► _ _ _ y 8 Inventories for sale or use 9 Prepaid expenses and deferred charges . Q 10a Investments - U.S and state government obligations (attach schedule). b Investments - corporate stock (attach schedule ) ATCH, 7 , 25, 238, 560. 17, 467, 571. 17,467,571. c Investments - corporate bonds ( attach schedule). 11 Investments - land, buildings, ► and equipment basis __________________ Less accumulated depreciation ► (attach schedule ) ------------------- 12 Investments - mortgage loans . 13 Investments - other (attach schedule) , , , , .ATCH 8 33, 521, 167. 23,843,618. 23f843,618. Land , buildings, and 14 ► 64,2 8i equipment basis __________________ Less accumulated depreciation ► 69,281. (attach schedule) ____________________ 9) 12,077. 27,601. 27, 601. 15 Otherassets ( descnbe ► ATCH _ 16 Total assets ( to be completed by all filers - see the instructions . Also, see page 1, item 1) , 68 , 525, 174. 57, 061, 486. 57, 061, 486. 17 Accounts payable and accrued expenses , , , , , , , , , , , 669, 644. 533,091. 18 Grants payable , , , , , , , , , , , , , , , , , , , , , , , .1,576,229. 1, 382, 053. 19 Deferred revenue . 20 Loans from officers , directors , trustees, and other disqualified persons m 21 Mortgages and other notes payable (attach schedule) 22 Other liabilities (descnbe 1O) 90, 487 23 Total liabilities (add lines 17 through 22 ) 2, 336, 360. 1, 915, 144 . Foundations that follow SFAS 117 , check here and complete lines 24 through 26 and lines 30 and 31. 53,463,218. 24 Unrestricted . 3,200,219 25 Temporarily restricted . .. .. ... 2.988. 595 1, 683, 129 . 26 Permanently restncted Foundations that do not follow SFAS 117, t check here 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 . 29 Retained earnings , accumulated income, endowment , other funds 30 Total net assets or fund balances (see instructions ) 6, 188, 814 55, 14 6, 342 . 31 Total liabilities and net assetslfund balances (see instructions) ........................ 8, 525, 174. 57, 061, 486. MUM Analysis of Changes in Net Assets or Fund Balances I 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 pnor years return ) ..... .. ... 1 66, 188, 814 . -4,046,599. 2 Enter amount from Part I, line 27a .................. ............... 2 3 Other increases not included in line 2 (Itemize ) ATTACHMENT 11 3 485,224 ------------------------------------- 62f627,439, 4 Add lines 1 , 2, and 3 .. .. ............. 4 5 Decreases not included in line 2 ( itemize ). ATTACHMENT 12 5 7, 481, 097 6 Total net assets or fund balances at end of year Ilne 4 minus Ilne 5 -Part II , column b , line 30 , 6 55, 19 6, 392 . Form 990-PF (2011) JSA 1 E 1420 1 000 Form 990-PF(2011) Page 3 Capital Gains and Losses for Tax on Investment Income How (c) Date (a) List and describe the kind (s) of property sold acquired (e g , real estate, acquired (d) Date sold q, mo , day, yr ) 2-sto ry brick warehouse, or common stock , 200 shs MLC Co ) 0.DonaD-Donataa^n (mo. day, Yr ) la SEE PART IV SCHEDULE b c d e f) Depreciation allowed (g) Cost or other basis (e) Gross sales puce ( (h) Gain or (loss) (or allowable) plus expense of sale (e) plus (f) minus (g) a b c d e Com p lete onl y for assets showin g 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 (l) cot ( k), but not less than -0-) or (i) F.M V as of 12/31/69 0) as of 12 / 31/69 over col ()), 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 , Ilne 7 } 2 945,462. 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 instructions ). If (loss ), enter -0- in l Part I, line 8 .................... ....... .............. J 3 0 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? El Yes q No If "Yes," the foundation does not qualify under section 4940(e) Do not complete this part.