Form 990-PF Return of Private Foundation
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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 2005 Note: The organization may be able to use a copy of this return to satisfy state repor lufrements. r nk-1, nu #h. + a nh' F__1 1-#-I ref,,... t C-1 .nh,.n F___1 An en,is d .efi,.n I Bdd....... .J...n i1 nl-mn nhenne Name of organization identification number Use the IRS A Employer label. Otherwise , W ILLIAM T. GRANT FOUNDATION, INC. 13-1624021 print Number and street (or P O box number if mail is not delivered to street address) Room/suite B Telephone number or type . 570 LEXINGTON AVENUE ( 212 ) 752-0071 See Specific City or town, state, and ZIP If exemption application is pending, check here 10. El Instructions . code C EW YORK, NY 10022-6837 D 1. Foreign organizations , check here ► 2. Foreign organizations meeting the 85% test, ► H Check typ ea of organization X Section 501 ()()c 3 exempt Pprivate foundation check here and attach computation Section 4947(a)(1) nonexempt charitable trust fl Other taxable private foundation E If private foundation status was termin ated I Fair market value of all assets at end of year J Accounting method = Cash OX Accrual under section 507 (b)(1)(A), check here ► 0 (from Part ll, col. (c), line 16) 0 Other (specify) F If the foundation is in a 60-month termination must on cash basis ) ► $ 274 , 590 , 586 . (Part 1, column (d) be under section 507 ( b )( 1 ) B), check here ad I Analysis of Revenue and Expenses ( a) Revenue and (b ) Net Investment (c) Adjusted net ( d) D isbursements (The total of amounts in columns (b), (c), and (d) may not for chartable purposes necessarily equal the amounts in column (a) expenses p er books income income (cash basis only) 1 Contributions, gifts, grants , etc , received N/ A 2 Check ► EKI it the foundation is not required to attach Sch B Interest s and temporary 3 estments 132,250 . 132,250. 4 Dividends and interest from securities 5, 318,930 . 5, 318,930. 5a Gross rents b Net rental income or (loss) w 6a Net gain or (loss) from sale of assets not on line 10 17,071,816 . Gross sales p rice for all b assets on line 6a 1411756,914. 7 7 Capital gain net income (from Part IV, line 2) 17,071,816. 8 Net short-term capital gain 9 Income modifications Gross sales less returns 10a and allowances b Less Cost of goods sold c Gross profit or (loss) 11 Other income 212,534. 22,853. S TATEMENT 1 12 Total . Add lines 1throu g h 11 22 , 735 530. 22 545 849. 13 Compensation of officers, directors, trustees, etc 86 8, 150 . 70 , 067 . 798, 083 . 14 Other employee salaries and wages 7 84,087. 33,497. 750,590 . 15 Pension plans, employee benefits 766,955. 41,587. 725,368. 16a Legal fees STMT 2 35 , 654. 1,408. 34,246. S TMT 3 39,953. 3,656. 36,297. CL b Accounting fees u c Other professional fees STMT 4 1, 003, 881. 995, 081. 8,800. > 17 Interest 29 18 Taxes STMT 5 848, 059. 0. 0. 19 Depreciation and depletion 20 Occupancy 372, 208. 31,992. 340, 216. 4 21 Travel , conferences , and meetings 111,597 . 6,696. 104, 901 . 22 Printing and publications 64,712 . 0. 64, 712 . m 23 Other expenses STMT 6 963, 117. 33,566. 996, 107. 24 Total operating and administrative 5 858 373. 1 , 217 , 550. 3 859 , 320. 25 a ntnbutlvi° W&O 11, 402, 806. 13,955, 131. 26 a n d Iles 17 261 179. 1 , 217 , 550. 17 814 451. 27 ctlrue fr e qUU a ,,. E6 rents 5,474,351. b a) 21,328,299. c Adjusted net income -Of negative,era N/A LHA For Privacy Act and Paperwork Reduction Act Notice , see the instructions . Form 990-PF (2005) 523501 01-05-06 Form 990-PF ( 20051 WILLIAM T. GRANT FOUNDATION. INC. 13-1624021 Paae2 chedules andamoun5 'nthedescription Beginning of year End of year Ba l ance Sheets '^C1eds column should be for end-of-year amounts only ( a) Book Value ( b) Book Value ( c) Fair Market Value 1 Cash - non-Interest-bearing 1,646,658. 774,157. 774,157. 2 Savings and temporary cash investments 3,284,262. 6,625,403. 6,625,403. 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 48,859. 65,623. 65,623. a 10a Investments - U S and state government obligations b Investments - corporate stock c Investments - corporate bonds 11 Investments - land, build nps, and equipment basis ► Lem accumulated depreaafon ► 12 Investments - mortgage loans 13 Investments - other STMT 9 257, 239, 879. 267, 061, 558. 267, 061, 558. 14 Land , buildings , and equipment basis ► Lem accumulated depreciation 1111'. STATEMENT 7 ) 145, 863. 63,845. 15 Other assets (describe ► 63,845. 16 Total assets to be completed by all filers 262 , 365 , 521 . 274 , 590 , 586 . 274 , 590 , 586. 17 Accounts payable and accrued expenses 239, 526 . 274, 343 18 Grants payable 11,264, 310. 8,499,451 . w 19 Deferred revenue 31, 695 . 31, 695 . 20 Loans from officers, directors, trustees, and other disqualified persons 21 Mortgages and other notes payable STATEMENT 8 2,339,112. 2,857,088. 22 Other liabilities (describe ► 23 Total liabilities (add lines 17 throug h 22 ) 13 , 874 , 643. 11 , 662 , 577. Organizations that follow SFAS 117, check here ► 0 and complete lines 24 through 26 and lines 30 and 31. 24 Unrestricted 248, 490, 878. 262, 928, 009 . 25 Temporarily restricted m 26 Permanently restricted c Organizations that do not follow SFAS 117 , check here ► 0 LL 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 , or other funds Z 30 Total net assets or fund balances 248,490,878. 262,928,009. 31 Total liabilities and net assets andbalances 262 , 365 , 521. 274 590 586. p 7 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) 248,490,878. 2 Enter amount from Part I , line 27a 5,474,351. ON INVESTMENTS 3 Other increases not included in line 2 ( Itemize ) ► UNREALIZED GAIN 8,962,780. 4 Add lines 1 , 2, and 3 262,928,009. 5 Decreases not included in line 2 (itemize) ► 0. 6 Total net assets or fund balances at end of year (line 4 minus line 5) - Part II, column (b), line 30 262,928,009. Form 990-PF (2005) 523511 01-05-06 Form 990-PF (2005) WILLIAM T. GRANT FOUNDATION , INC. 13-1624021 Page 3 Part IV Capital Gains and Losses for Tax on Investment Income (a) List and describe the kind (s) of property sold (e g real estate , (b How acquired ( c Date acquired (d) Date sold -Purchase (mo (mo 2-story brick warehouse , or common stock , 200 shs MLC Co ) D - Donation , day, yr) , day, yr) la SEE ATTACHMENT A P b C d e Depreciation allowed or h) Gain or (loss) (e) Gross sales puce (f) ( g) Cost other basis ( (or allowable ) plus expense of sale (e) plus (f) minus (g) a 141,756,914. 124,685,098. 17,071,816. 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 (j) Adjusted basis (k) Excess of col (i) col ( but less th an -0-) or (i) F M V as of 12/31/69 as of 12/31/69 over col (1), if any k), (from col a 17,071,816. b c d e If ain, 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 17,071,816. 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 I Part V I 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 organization liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No If'Yes'the organization does not quality under section 4940(e) Do not complete this part 1 Enter the appropriate amount in each column for each year, see instructions before making any entries Base period years Distribution ratio Calendar year or tax year beg innin g Adjusted qualifying distributions Net value of noncha)ntable-use assets (col (b) divided by col (c)) 2004 11,446,928. 241,533,895. .047393 2003 18,852,484.