990 -PF Return of Private Foundation
Total Page:16
File Type:pdf, Size:1020Kb
tt -., '___1 OMB No 1545-0052 Z Fom,'990 -PF Return of Private Foundation -. m or Section 4947(a)(1) Trust Treated as Private Foundation ' 1 N ` '- r Do not enter social security numbers on this form as it may be made public. ZJDepartm ent of the Treasury ► Inntemal Revenue Service 10, Information about Form 990-PF and its separate instructions is at www.irs.gov/fomt990pf. • 1R+ _-Fr calanrtar vaar 2018 nr tax year heninninn 09/01 _ 2016 and e ndinn 08/31 - 20 17 Ca Name of foundation A Employer Identification number THE LEE-AND JULIET FOLGER FUND 52-0794388 O Number and street (or P O box number mail is not delivered to street address) Room/suite B Telephone number (see instructions) V C) 1350 OLD CHAIN BRIDGE RD ^^ -/ l 425 (703) 847-1350 City or town, state or province, country, and ZIP or foreign postal code C If exemption application is ► pending , check here. O O MCLEAN, VA 22101 O G Ch-eck all that apply Initial return Initial return of a former public charity 0 1 Foreign organizations , check here. , 10' :JJ Final return Amended return 2 Foreign organizations meeting the 85% test, Do Address chan ge X Name chang e computation , ► co off Check type of organization X Section 501 (c)(3) exempt private foundation (lt E If private foundation status was terminated Section 4947 ( a ) (1 ) nonexem pt charitable trust Other taxable p rivate foundation 0 under section 507(b)(1)(A), check here . ► CqI Fair market value of all assets at J Accounting method X Cash Accrual F If the foundation is in a 613-mont termination end of year (from Part Il, col (c), line Other (specify) under section 507(b )(1)(B), check here • ► 32, 736, 074. CL 16) ► $ (Part), column (d) must be on cash basis) (d) Disbursements • Analysis of Revenue and Expenses (The (a) Revenue and (b) Net investment (c) Adjusted net for charitable 0 total of amounts in columns (b), (c), and (d) expenses per W may not necessarily equal the amounts in income income purposes books Z column (a) (see instructions)) (cash basis only) Z 1 Contributions, ifts, grants , etc, received ( attach schedule) the foundation is not required to 2 Check X if V ► attach Sch B . CO 3 Interest on savings and temporary cash investments , 28,135. 28,135. AT CH 1 4 Dividends and interest from securities . 548, 086. 548, 086. ATCH 2 5a Gross rents .. .. b Net rental income or (loss) 6a Net gain or ( loss) from sale of assets not on line 10 24,983 . C b Gross sales puce for all 153 , 905 . d assets on line 6a d 7 Capital gain net income (from Part IV, line 2) . 24 r 983 8 Net short-term capital gain. 9 Income modifications . 10a Gross sales less returns and allowances . , . r3 b Less Cost of goods sold c Gross profit or (loss) (attach schedule) . Ca iw rs a I! /t! r 1 11 Other income (attach schedule) A'^QH, 3 . -15,173. -15, 173: 12 Total. Add lines 1 through 11 586, 031. 586, 031 __i M 43 + A.O,, , ! 5 ' - I i7mil, G r L ul l ) 13 Compensation of officers, directors , trustees, etc 0. y 14 Other employee salaries and wages , , , , .. ,. r , r J vvuLl1, 15 Pension plans, employee benefits , , , , , c 16a Legal fees (attach schedule) ATcH 4, , • , 6,052. _r X0 19,084. W b Accounting fees (attach schedule)ATCH. 5 , > c Other professional fees (attach schedule) . [.6 ] 131,723. 13,172. 118,551 17 Interest . 2 18 Taxes (attach schedule) (see Instructions)( 7 1. 5,561. 5,561. 19 Depreciation (attach schedule) and depletion. 20 Occupancy . 21 Travel, conferences, and meetings . 22 Printing and publications . 23 Other expenses (attach schedule)ATCH .8. 594 24 Total operating and administrative expenses. a, Add lines 13 through 23. 163, 019. 18, 733. 118, 551 _ O 25 Contributions, gifts, grants paid ... ... 9, 886, 600, 91886,600 26 Totalexpenses anddisbursements Add lines 24 and 25 10, 049, 614. 18,733. 0. 10, 005, 151 27 Subtract line 26 from line 12 a Excess o f revenue over expenses and disbursements . , - 9 , 463, 583. b Net investment income (if negative, enter -0-) 567,298. c Adjusted net income (if negative, enter -0-). 0 JSA For F'aperworK Keauctlon Act Notice , see Instructions, Form yyu-F'1- (2016) 8E1410 1 000 54H05Z N174 Form 990-PF(2016) 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 I ( a) Book Value (b) Book Value (c) Fair Market Value I Cash - non-interest-bearing . 2 Savings and temporary cash investments . 13, 603, 885. 4,280,639. 4,285,963. 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 instructions) . , , 7 Other notes and loans receivable ( attach schedule) ► Less allowance for doubtful accounts ► 8 Inventories for sale or use . y 9 Prepaid expenses and deferred charges . a 10a Investments - U S and state govemment obligations (attach schedule). , b Investments - corporatestock (attachschedule) ATCH 9 12, 061, 366. 11, 937, 986. 27, 997, 940. c Investments - corporate bonds ( attach schedule ). 11 Investments - land, buildings, ► and eq ui pment basis Less accumulated depreciation ► (attach schedule) 12 Investments - mortgage loans . 13 Investments - other (attach schedule) .....7 TCH, 10 , 310, 962. 294, 435. 452, 171, 14 Land , buildings, and equipment basis ► Less accumulated depreciation ► (attach schedule) 15 Other assets ( describe ► 16 Total assets (to be completed by all filers - see the instructions Also, seepage 1, item 1) . 25, 976, 213. 16, 513, 060. 32,736,074. 17 Accounts payable and accrued expenses . 18 Grants payable . CD 19 Deferred revenue . 20 Loans from officers , directors, trustees , and other disqualified persons. 21 Mortgages and other notes payable ( attach schedule) . J 22 Other liabilities (describe ► 23 Total liabilities ( add lines 17 through 22) . 0. 0. Foundations that follow SFAS 117, check here. ► U) and complete lines 24 through 26 and lines 30 and 31. cc 24 Unrestricted . cc 25 Temporarily restricted 26 Permanently restricted . Foundations that do not follow SFAS 117, ► F LL16- check here and complete lines 27 through 31. 0 27 Capital stock , trust principal, or current funds . w 28 Paid -in or capital surplus , or land, bldg , and equipment fund. 0 29 Retained earnings, accumulated income, endowment, or other funds , 25, 976, 213. 16,513,060. 30 Total net assets or fund balances (see instructions ) , , , , , . 25,976,213. 16,513, 060. Z 31 Total liabilities and net assets/fund balances (see instructions) . 25,976,213. 16,513,060. EMUM 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 25, 976, 213 2 Enter amount from Part I , line 27a ...... ... ................. ..... .. .... 2 -9,463,583 ATCH 11 3 430 3 Other increases not included in line 2 ( itemize) ► 4 Add lines 1 , 2, and 3 .......... ..... ... ... ........ .............. 4 16, 513, 060 5 Decreases not included in line 2 (itemize) ► 5 6 Total net assets or fund balances at end of year ( line 4 minus line 5 - Part II column (b), line 30 . 6 16, 513, 060 Form 990-PF (2016) JSA 6E1420 1 000 54H05Z N174 Form 990- PF (2016) Page 3 Capital Gains and Losses for Tax on Investment Income (a) List and describe the kind(s) of property sold (e g , real estate, acquired (c) Date acquired ( d) Date sold 2-story brick warehouse , or common stock, 200 shs MLC Co) P-Pu^+ (mo , day, yr ) (mo , day, yr ) D - Donation 1a SEE PART IV SCHEDULE 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 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 Adjusted basis ( k) Excess of col (i) col (k), but not less than -0-) or (i) F M V as of '12131169 (1) as of 12 / 31169 over col 0), if any Losses (from col (h)) a b c d e If gain, also enter in Part 1, line 7 2 Capital gain net income or ( net capital loss) { If (loss ), enter -0- in Part I , line 7 } 2 24,983. 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 1 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'? Yes No If "Yes," the foundation does not qualify under section 4940(e) Do not complete this part I Enter the appropriate amount in each column for each year , see the instructions before making any entries (a ) B ase peayy ears Distdbutlon ratio yeaear taxx Adjustedqualdyngdistributions Net value of nonchantable-useassets Calendar ( or yearr beginning in ) ( Col (b) divided b y col (C)) 2015 8,952,262.