Return of Private Foundation
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n 1_ - r^ r0 9 4 O 2 EXTENDED TO NOVEMBER 15, 2018 2 9` 9 13 2 6 Return of Private Foundation OMB No 1545-0052 orm^990 7PF or Section 4947(a)(1) Trust Treated as Private Foundation ^O 0- Do not enter social security numbers on this form as it may be made public <DFepartment of the Treasury Go to www. irs.gov/Form99OPF for instructions and the latest information . I internal'2evenue Service ► en o u ^c ns ec Ion For calendar year 2017 or tax year beginning and ending Name of foundation A Employer identification number THE FLATLEY FOUNDATION 04-2763837 Number and street or box number it mail is not delivered to street address ) Room/suite Telephone number 45 BRAINTREE HILL OFFICE PARK 300 781-849-5100 City or town, state or province, country, and ZIP or foreign postal code C If exemption application is pending , check here u BRAINTREE, MA 02184-8754 G Check all that apply: Initial return Initial return of a former public charity D 1 Foreign organizations, check here F-1 0 Final return 0 Amended return 2 Foreign organizations meeting the 85% test, 0 Address change = Name change check here and attach computation ► E] H Check type of organization, ® Section 501(c)(3) exempt private foundation E If private foundation status was terminated Section 4947 (a )( 1 ) nonexem t charitable trust = Other taxable p rivate foundation under section 507(b)(1)(A), check here I Fair market value of all assets at end of year J Accounting method. ® Cash [ Accrual F If the foundation is in a 60-month termination (from Part II, col (c), line 16) [] Other (specify) under section 507(b)(1)(B), check here 11111 $ 6 5 0 0 2 3 3 9 8 . (Part I , column (d) must be on cash basis.) Analysis Part I of Revenue and Expenses (a) Revenue and (b) Net investment (c) Adjusted net ( d) Disbursements (The total of amounts in columns (b), (c), and (d) may not for charitable purposes necessarily equal the amounts in column (a)) expenses per books income income (cash basis only) 1 Contributions , gifts, grants, etc , received 93097907. N/A 2 Check ► O If the foundation is not required to attach Sch B Interest on savings and temporary 3 cash investments 4 Dividends and interest from securities 10675853. 10414259. S TATEMENT 2 5a Gross rents b Net rental income or (loss) 6a Net gain or (loss) from sale of assets not on line 10 2 9 6 9 6 8 7 4 . C K'I ME T 1 Gross sates price for all M b assets on line Ba 318893768. 7 Capital gain net income (from Part IV, line 2) 8 Net short-term capital gain 9 Income modifications Gross sales less returns 10a and allowances b Less Cost of goods sold o c Gross profit or (loss) 11 Other income 136839. S TATEMENT 3 1" 12 Total Add lines 1 throu g h 11 133607473 - 13 Compensation of officers directors , trustees. etc 0 0. 0. LU 14 Other employee salaries and wages 3 5 4 8 2 2 7 0. 3548227. 15 Pension plans, employee benefits 172193 0. 172193. 113 16a Legal fees STMT 4 257551 _. 0. 257551. Q b Accounting tees STMT 5 102121. 0. 102121. W c Other professional fees STMT 6 2689380. 8642. 0. 17 Interest 18 Taxes STMT 7 406677. 6677. 0. 19 Depreciation and depletion E 20 Occupancy < 21 Travel, conferences , and meetings 9 8 2 8 7 . 0. 98287. M 22 Printing and publications 23 Other expenses STMT 8 17417273. 6010. 24 Total operating and administrative Q expenses Add lines 13 through 23 24691709. 1329. 21377142. 0 25 Contributions , gifts, grants paid 11198250. 11198250. 26 Total expenses and disbursements Add lines 24 and 25 35889959. 3081 2575392. 27 Subtract line 26 from line 12: a Excess of revenue over expenses and disbursements 97717514. b Net investment income of negative enter -0-) 3 5 5 2 4 c Adjusted net income (if negative , enter -0-) 723501 01 -03-18 LHA For Paperwork Reduction Act Notice , see instructions Form 990-PF (2017) 2 &5'T 09521109 759643 990PF-1 2017.05000 THE FLATLEY FOUNDATION 990PF-11 I, n Form 990-PF (20171 THE FT,ATT.1 Y FfTTNDATTC)N 04-2763837 Paae2 and in description Beginning of year End of year Part II Balance Sheets Attached schedules amounts the column should be for end-al -year amounts only ( a ) Book Value (b) Book Value (c) Fair Market Value 1 Cash - non-interest-bearing 2 Savings and temporary cash investments 119662768. 70123151. 70123151. 3 Accounts receivable ► 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 7 Other notes and loans receivable ► Less allowance for doubtful accounts ► 8 Inventories for sale or use 9 Prepaid expenses and deferred charges a 10a Investments - U S and state government obligations STMT 9 34106173. 57254944. 56713926. b Investments - corporate stock STMT 10 168154298. 220625335. 259127423. c Investments - corporate bonds STMT 11 52428326. 57140681. 56961023. Investments land 11 - buildings and equipment basis ► Less accumulated depreciation ► 12 Investments - mortgage loans 13 Investments - other STMT 12 127392205. 191267794. 203822583. 14 Land, buildings, and equipment: basis ► 1018942 . Less accumulated depreciation STMT 1310- 985531. 33411. 33411. 33411. 15 Other assets (describe ► STATEMENT 14 ) 193423. 3241881. 3241881. 16 Total assets (to be completed by all filers - see the instructions Also see pag e t Item l 501970604. 599687197. 650023398. 17 Accounts payable and accrued expenses 20599. 19678. 18 Grants payable u) 19 Deferred revenue •'= 20 Loans from officers directors , trustees , and other disqualified persons 21 Mortgages and other notes payable 22 Other liabilities (describe ► 23 Total liabilities ( add lines 17 throw h 22 ) 2 0 5 9 9 . 19678. Foundations that follow SFAS 117, check here ► and complete lines 24 through 26, and lines 30 and 31 24 Unrestricted v 25 Temporarily restricted co 26 Permanently restricted Foundations that do not follow SFAS 117, check here C ► '0 and complete lines 27 through 31 y 27 Capital stock, trust principal , or current funds 137499715 . 137499715. 28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 . 0. a 29 Retained earnings, accumulated income, endowment, or other funds 3 6 4 4 5 0 2 9 0. 462167804. Z 30 Total net assets or fund balances 5 01950005 . 599667519. 31 Total liabilities and net assets/fund balances 501970604. 599687197. Part III 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 501950005 2 Enter amount from Part I, line 27a 2 97717514 . 3 Other not in line increases included 2 (itemize) ► 3 0 4 Add lines 1, 2, and3 4 599667519. 5 Decreases not included in line 2 (itemize) ► 5 0 6 Total net assets or fund balances at end of year (line 4 minus line 5) - Part II. column (b). line 30 6 509667519 Form 990-PF (2017) 723511 01-03-18 3 09521109 759643 990PF-1 2017. 05000 THE FLATLEY FOUNDATION 990PF-11 Form 990-PF (2017) THE FLATLEY FOUNDATION 04-2763837 Page 3 Part IV Capital Gains and Losses for Tax on Investment Income (a) List and describe the kind(s) of property sold (for example, real estate, (b How acquired (c) Date acquired (d) Date sold Pur (mo., 2-story brick warehouse, or common stock, 200 shs. MLC Co D - Donat on (mo., day, yr day, yr 1a PUBLICLY TRADED SECURITIES b PARTNERSHIP K-1S c LTCG DISTRIBUTION _d _CAPITAL GAINS DIVIDENDS e or other Gain or (e) Gross sales price (f) Depreciation allowed (g) Cost basis (h) (loss) (or allowable) plus expense of sale ((e) plus (t) minus (g)) a 314660887. 290953328. 23707559. b 3865508. 3865508. c 174. 174. d 367199. 367199. 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 (f) Adjusted basis (k) Excess of col. (i) col. (k), but not less than -0-) or Losses (from col. (h)) (i) FMV as of 12/31/69 as of 12/31/69 over col (t), if any a 23707559. b 3865508. c 174. d 367199. 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 2 7 9 4 0 4 4 0 . 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) If loss enter -0- in Part I line 8 3 N / A PartV 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 2 Yes ® No If "Yes," the foundation doesn ' t 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 Base period years (c) Distributtiion ratio Calendar year (or tax year beginning in) Adjusted qualifying(bn distributions Net value of noncharitable-use assets ( col.