Form 990-PF 2010
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Return of Private Foundation OMB No 1545-0052 Form 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 re 2010 For calendar y ear 2010, or tax y ear be innin ul 1 , 2010, and ending June 30 , 20 11 G Check all that apply Initial return initial return of a former public charity Final return H Amended return Address change Name change Name of foundation A Employer Identification number NORTHWESTERN MUTUAL LIFE FOUNDATION INC 39-1728908 Number and street (or P 0 box number If mail is not delivered to street address) Room/suite B Telephone number (see page 10 of the instructions) 720 EAST WISCONSIN AVENUE Ell 414-665-2260 City or town , state, and ZIP code C If exemption application is ► pending , check here • , . , . MILWAUKEE, WI 53202 D 1. Foreign organizations, check here , ► 2. Foreign organizations meeting the H Check type of organization X Section 501(c)( 3 ) exempt private foundation cou oheckhereantlettach computation . ► Section 4947 ( a)( 1 ) nonexem pt charitable trust Other taxable rivate foundation p E If private foundation status was terminated I Fair market value of all assets at end J Accounting method Cash X Accrual under section 507(b )(1)(A), check here . ► of year (from Part fl, col (c), line q Other ( specify) _ -----_--_--- F If the foundation is in a60-monthtermination 16) (Part/, column (d) must be on cash basis ) under section 507(b)(1)(B), check here ► $ 98 , 033, 42 0 . ► Analysis (d) Disbursements of Revenue and Expenses (The (a total of amounts In columns (b), (c), and (d) ) Revenue and (b) Net investment (c) Adjusted net for charitable may not necessarily equal the amounts in expenses per income income purposes column (a) (see page 11 of the instructions books ( cash basis only) 1 Contributions itts, grants, etc , received (attach schedule) , 214 , 0 2 2 if the foundation is not required to 2 Check ► attach Sch B . 3 Interest on savings and temporary cash investments 12, 108 12, 108 4 Dividends and interest from securities . 2,522, 989 2,522, 989 S a Gross rents , , , , , , , , , , , , , , , , , b Net rental income or (loss) at 6a Net gain or (loss) from sale of assets not on line 10 6, 563, 885 b Gross sales price for all at assets on line 6a w 7 Capital gain net income (from Part IV, line 2) , 6 , 563, 885 8 Net short-term capital gain . PPC 9 Income modifications . • . • • • • • . 10a Gross sales less returns M and allowances • • b Less Cost of goods sold , c Gross profit or (loss ) (attach schedule) . _ 11 Other income (9t19c19 €JNT , 1 19, 174 19, 174 nGn 12 Total. Add lines 1 throu g h 11 . 9, 332, 178 9, 118, 156 13 Compensation of officers , directors, trustees, etc 14 Other employee salaries and wages . N 15 Pension plans , employee benefits , , , , • , c 16a Legal CL fees (attach schedule) • , , , • , • , , b Accounting fees ( attach schedule) , , , • • • c Other professional fees (attach schedule) , , , 17 Interest . SgE • ATTACN1hENT '1 ' 18 Taxes (attach schedule ) ( see page 14 of the instructions ) 116,557 -3, 443 19 Depreciation ( attach schedule ) and depletion 20 Occupancy . cad a 21 Travel, conferences , and meetings • , m 22 Printing and publications , , , , , 643 643 23 Other expenses^at aTMOei uKe5 1 903 , 935 205 , 722 783 , 093 t73 24 Total operating and administrative expenses. L, CL Add lines 13 through 23 , , , , , , , , , 1, 021, 135 202,279 783, 736 25 Contributions , gifts, grants paid . 15 , 430 , 357 15 , 430 , 357 26 Total exp enses and disbursements Add lines 24 and 25 16 , 451 , 492 202,279 16, 214, 093 27 Subtract line 26 from line 12 a Excess of revenue over expenses and disbursements -7, 119 , 314 b Net Investment Income ( if negative , enter -0-) 8, 915, 877 c Adj usted net Income ( if n eg ative , enter -0-) . For Paperwork Reduction Act Notice, see page 30 of the Instructions. JSA Form 990 -PF (2010) 0E1410 1 000 Form 990-PF (2010) 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 1 Cash - non-interest-bearing , , , , , , , , , , , , , , , , , 5, 531,098 2,376,001 2, 376,001 2 Savings and temporary cash investments , , , , , , , , , , , 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 (attach schedule) (see page 15 of the instructions) 7 Other notes and loans receivable (attach schedule) ► - - - _ _ Less allowance for doubtful accounts ► _ _ _ _ _ _ 8 Inventories for sale or use 9 Prepaid expenses and deferred charges , , , , , , , , , , , , Q 10 a Investments - U S and state government obligations (attach schedule), b Investments - corporate stock (attach schedule) ,,,,,,, 54,973,487 67,850,379 67,850,379 c Investments - corporate bonds (attach schedule), , , , , , , 3 2 , 2 61, 169 27, 478, 981 27, 478, 981 11 Investments - land, buildings, and equipment basis ►------------------ Less accumulated depreciation ► (attach schedule) ------------------- - ________________________ 12 Investments - mortgage loans , , , , , , , , , , , , , , , , 13 Investments - other (attach schedule) , , , , , , , , , , , , , 14 Land, buildings, and ► equipment basis -- ---------------- Less accumulated depreciation ► (attach schedule ) -------------------- 15 Other assets(describe - INVESTMENT _ INC _ _ ) 453, 149 328,059 328,059 16 Total assets (to be completed by all filers - see the instructions Also, see page 1, item I) , 93, 218, 903 98, 033, 420 98, 033, 420 17 Accounts payable and accrued expenses , , , , , , , , , , , 4 3 8 , 313 18 Grants payable ,,,,,,,,,,,,,,,,, , ,,,, , y 19 Deferred revenue , 20 Loans from officers, directors , trustees , and other disqualified persons 21 Mortgages and other notes payable (attach schedule) , , , , , 22 Other liabilities (describe ) ► ------------------- 23 Total liabilities (add lines 17 through 22) . 438, 313 Foundations that follow SFAS 117, check here ► and complete lines 24 through 26 and lines 30 and 31. H 24 Unrestricted . a 25 Temporarily restricted , , , , , , , , , , , , , , , , , , , , M 26 Permanently restricted , , , , , , , , , , , , , , , , , , , , M Foundations that do not follow SFAS 117, U. check here and complete lines 27 through 31. ► o 27 Capital stock, trust principal, or current funds , , , , , , , , , 28 Paid -in or capital surplus , or land , bldg , and equipment fund y 29 Retained earnings , accumulated income, endowment, or other funds , 93,218, 903 97, 595, 108 30 Total net assets or fund balances (see page 17 of the z Instructions),,,,, ,,,,,,,,,, . 93,218,903 97,595,108 31 Total liabilities and net assetslfund balances (see page 17 of the instructions) . ..................... 93 , 218 , 903 , 97 , 595 , 108 , Analysis of Chan g es 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 prior years return) , , , , , , , , , , , , , , , , , , ,, , , , , , 1 93 , 218 , 903 2 Enter amount from Part I, line 27a ..................... ... ........... 2 -7, 119, 314 3 Other increases not included in line 2 (itemize) 11 , 495,519 ►-------------------------------------UNREALIZED APPRECIATION (DEPRECIATION) 3 4 Add lines 1, 2, and3 , ..... ...... 4 97, 595, 108 5 Decreases not included in line 2 (itemize) ► _ _ _ 5 6 Total net assets or fund balances at end of ear Tine 4 minus line 5 - Part II, column ( b), line 30 . 6 97 , 595 , 108 Form 990-PF (2010) JSA OE 1420 1 000 Form 990-PF (2010) Page 3 Capital Ga ins and Losses for Tax on Investment Income How (c) Date (a) List and describe the kind (s) of property sold (e g , real estate, acquired ac ulred ^d) Date sold P ( mo., day, yr ) 2-story brick warehouse , or common stock, 200 shs MLC Co ) D-Donation mo Qday, yr) 1a VARIOUS VARIOUS b c d e Depreciation allowed (g) Cost or other basis ( h) Gain or (loss) (e) Gross sales price (f) (or allowable) plus expense of sale (e) plus (f) minus (g) a 6,563,885 b c d e Complete only for assets showing g ain in column ( h) and owned by the foundation on 12/31/69 (I) Gains (Col (h) gain minus Q) Adjusted basis ( k) Excess of col (1) col (k), but not less than -0-) or (i) F M V. as of 12/31/69 as of 12/31/69 over cot Q), if any Losses (from col. (h)) a 6, 563,885 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 6, 563, 885 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 pages 13 and 17 of the instructions) If ( loss), enter -0- in Part I, line 8 . 3 3,209, 579 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? q Yes q No If "Yes," the foundation does not qualify under section 4940(e) Do not complete this part I Fnter the annronnate mminttnt in aar•.h nnhimn for aac.h vaar cap Wane 1A of the instructions ht-fore makina any entries Base period years Distributtion ratio Calendar year (or tax year beginning in) Adjusted q ual(bnfi 8 distributions Net value of nonchantable use assets (col ( b) divided by col (c)) 2009 15,630,769 94,877,078 0.1647 2008 16,030,518 90,663,271 0.1768 2007 20,341,429 145,282,377 0.1400 2006 15,944,830 111,057,608 0.1436 2005 15, 195, 349 95, 320, 642 0.1594 2 Total of line 1, column (d) 2 0.7845 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 .