Surdna Foundation, Inc
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l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93491131020645 Return of Private Foundation OMB No 1545-0052 Form 990 -PF or Section 4947(a)(1) Trust Treated as Private Foundation 0- Do not enter Social Security numbers on this form as it may be made public . By law, the 2013 IRS cannot redact the information on the form. Department of the Treasury 0- Information about Form 990-PF and its instructions is at www. irs.gov/form990pf . Internal Revenue Service For calendar year 2013 , or tax year beginning 07 - 01-2013 , and ending 06-30-2014 Name of foundation A Employer identification number SURDNA FOUNDATION INC ATT MARC DE VENOGE 13-6108163 O/o SURDNA FOUNDATION INC Number and street (or P 0 box number if mail is not delivered to street address) Room/suite U ieiepnone number (see instructions) 330 MADISON AVENUE 30TH FLOOR Suite (212) 557-0010 City or town, state or province, country, and ZIP or foreign postal code C If exemption application is pending, check here F NEW YORK, NY 100175001 G Check all that apply r'Initial return r'Initial return of a former public charity D 1. Foreign organizations, check here F r-Final return r'Amended return 2. Foreign organizations meeting the 85% test, r Address change r'Name change check here and attach computation E If private foundation status was terminated H Check type of organization Section 501(c)(3) exempt private foundation und er section 507 ( b )( 1 )( A ), c hec k here F_ Section 4947(a)(1) nonexempt charitable trust r'Other taxable private foundation I Fair market value of all assets at end J Accounting method F Cash F Accrual F If the foundation is in a 60-month termination of year (from Part II, col. (c), r Other (specify) under section 507(b)(1)(B), check here 0- F line 1,037,047,874 (Part I, 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 total of amounts in columns (b), (c), and (d) may not expenses per income income purposes necessanly equal the amounts in column (a) (see books instructions) ) (cash basis only) 1 Contributions, gifts, grants, etc , received (attach 10,022,867 schedule) 2 Check ► fl if the foundation is not required to attach Sch B 3 Interest on savings and temporary cash investments 314,211 314,211 4 Dividends and interest from securities. 11,202,579 21,543,788 5a Gross rents . b Net rental income or (loss) q} 6a Net gain or (loss) from sale of assets not on line 10 33,106,082 b Gross sales price for all assets on line 6a } 268,166, 391 7 Capital gain net income (from Part IV, line 2) 52,699,195 8 Net short-term capital gain . 9 Income modifications . 10a Gross sales less returns and allowances b Less Cost of goods sold . c Gross profit or (loss) (attach schedule) . 11 Other income (attach schedule) . 10,226,091 3,097,377 12 Total. Add lines 1 through 11 . 64,871,830 77,654,571 13 Compensation of officers, directors, trustees, etc 1,938,812 1,938,812 14 Other employee salaries and wages . 1,414,288 1,414,288 15 Pension plans, employee benefits . 1,234,210 1,234,210 r_ 16a Legal fees (attach schedule) . 90,964 21,964 0 69,000 b Accounting fees (attach schedule) . 124,950 0 0 124,950 W c Other professional fees (attach schedule) . 95 3,659,876 2,721,596 938,280 17 Interest 4Z 18 Taxes (attach schedule) (see instructions) 1,575,000 329,774 0 19 Depreciation (attach schedule) and depletion . 178,668 20 Occupancy . 959,497 959,497 21 Travel, conferences, and meetings . 652,484 652,484 r_ 22 Printing and publications . 42,778 42,778 m 23 Other expenses (attach schedule) . 95 792,817 10,964,533 792,817 24 Total operating and administrative expenses. Add lines 13 through 23 . 12,664,344 14,037,867 0 8,167,116 25 Contributions, gifts, grants paid . 47,522,147 38,426,897 26 Total expenses and disbursements. Add lines 24 and 60,186,491 14,037,867 0 46,594,013 25 27 Subtract line 26 from line 12 a Excess of revenue over expenses and disbursements 4,685,339 b Net investment income (if negative, enter -0-) 63,616,704 c Adjusted net income (if negative, enter -0-) . For Paperwork Reduction Act Notice, see instructions . Cat No 11289X Form 990-PF (2013) Form 990-PF (2013) Panes 2 Attached schedules and amounts in the description column Beginning of year End of year Balance Sheets should be for end-of- y ear amounts onl y (See instructions ( a) Boo k Va l ue ( b ) Boo k Va l ue ( c) F air M arket Va l ue 1 Cash-non - interest-bearing . 2 Savings and temporary cash investments . 2,869,731 40,953,951 40,953,951 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) Oil Less allowance for doubtful accounts ► 8 Inventories for sale or use . 9 Prepaid expenses and deferred charges . uti 4 10a Investments - U S and state government obligations ( attach schedule ) 18,671 ,845 2,760,791 2,760,791 b Investments - corporate stock ( attach schedule ) . 22,101,150 24,481,268 24,481,268 c Investments -corporate bonds (attach schedule ). 3,653,455 11 Investments - land, buildings , and equipment basis ► Less accumulated depreciation ( attach schedule) Oil 12 Investments - mortgage loans . 13 Investments -other ( attach schedule ) . 868,552,430 957,106,942 957,106,942 14 Land, buildings , and equipment basis Ilk, 1,826,242 Less accumulated depreciation ( attach schedule ) Oil 1,116,328 843,202 709,914 709,914 15 Other assets ( describe llk^ ) 12,904,566 11,035,008 11,035,008 16 Total assets ( to be completed by all filers-see the instructions Also, see page 1, item I) 929,596,379 1,037,047,874 1,037,047,874 17 Accounts payable and accrued expenses . 764,206 779,963 18 Grants payable . 15,239,450 24,334,700 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 ) 95 11,795,875 Qg 10,279,610 23 Total liabilities (add lines 17 through 22) . 27,799,531 35,394,273 Foundations that follow SFAS 117, check here F and complete lines 24 through 26 and lines 30 and 31. Q} 24 U nrestricted . 901,796,848 1,001,653,601 25 Temporarily restricted 26 Permanently restricted cor3 Foundations that do not follow SFAS 117, check here Ilk, fl and complete lines 27 through 31. u_ 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 w1 30 Total net assets or fund balances ( see page 17 of the instructions ) . 901,796,848 1,001,653,601 31 Total liabilities and net assets/ fund balances ( see page 17 of the instructions ) . 929,596,379 1,037,047,874 UMM 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) . 1 901,796,848 2 Enter amount from Part I, line 27a . 2 4,685,339 3 95,171,414 3 Other increases not included in line 2 (itemize) ► S 4 Add lines 1, 2, and 3 . 4 1,001,653,601 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 1,001,653,601 Form 990-PF (2013) Form 990-PF (2013) Page 3 Ca ital Gains and Losses for Tax on Investment Income (b) How acquired (a) List and describe the kind(s) of property sold (e g , real estate, (c) Date acquired (d) Date sold P-Purchase 2-story brick warehouse, or common stock, 200 shs MLC Co (mo , day, yr (mo , day, yr D-Donation la SALE OF PUBLICLY TRADED SECURITIES b NET CAPITAL GAIN FROM PARTNERSHIPS C d e (f) Depreciation allowed (g) Cost or other basis (h) Gain or (loss) (e) Gross sales price (or allowable) plus expense of sale (e) plus (f) minus (g) a 243,971,481 215,467,196 28,504,285 b 24,194,910 24,194,910 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 (k), but not less than -0-) or (i) F M V as of 12/31/69 as of 12/31/69 over col (j), if any Losses (from col (h)) a 28,504,285 b 24,194,910 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 52,699,195 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 Part I, line 8 3 t1 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 ) f 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? fl Yes F No If "Yes," the foundation does not qualify under section 4940 ( e) Do not complete this part 1 Enter the appropriate amount in each column for each year, see page 18 of the instructions before making any entries (d) Base period years Calendar Distribution ratio Adjusted qualifying distributions Net value of noncharitable-use assets year (or tax year beginning in) (col (b) divided by col (c)) 2012 41,554,950 840,389,978 0 049447 2011 43,775,695 798,039,355 0 054854 2010 44,549,863 796,727,524 0 055916 2009 40,373,154 750,471,060 0 053797 2008 44,224,764 771,385,197 0 057332 2 Total of line 1, column (d) .