Return of Private Foundation
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l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93491183006074 Return of Private Foundation OMB No 1545-0052 Form 990 -PF or Section 4947(a)(1) Trust Treated as Private Foundation Do not enter Social Security numbers on this form as it may be made public . By law, the 2013 Department of the Treasury IRS cannot redact the information on the form. Internal Revenue Service 0- Information about Form 990-PF and its instructions is at www.irs.gov/form990pf . For calendar year 2013 , or tax year beginning 01-01-2013 , and ending 12-31-2013 Name of foundation A Employer identification number THE LIZ CLAIBORNE & ART ORTENBERG FOUNDATION C/O MGI REPETTI LLP 13-3200329 Number and street (or P 0 box number if mail is not delivered to street address) Room/suite U ieiepnone number (see instructions) 500 FIFTH AVENUE 5TH FL (212) 302-3300 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 10110 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 42,861,726 (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 3,793,312 schedule) 2 Check ► fl if the foundation is not required to attach Sch B 3 Interest on savings and temporary cash investments 24 24 4 Dividends and interest from securities. 2,829,539 2,829,539 5a Gross rents . b Net rental income or (loss) q} 6a Net gain or (loss) from sale of assets not on line 10 -116,634 -, b Gross sales price for all assets on line 6a 75 6,565,100 T 7 Capital gain net income (from Part IV, line 2) 0 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) . 12 Total . Add lines 1 through 11 . 6,506,241 2,829,563 13 Compensation of officers, directors, trustees, etc 190,000 0 190,000 14 Other employee salaries and wages . 224,084 0 224,084 15 Pension plans, employee benefits . 58,921 0 58,921 r_ 16a Legal fees (attach schedule) . 95 1,628 0 1,628 b Accounting fees (attach schedule) . 22,800 11,400 11,400 W c Other professional fees (attach schedule) . 17 Interest . 18 Taxes (attach schedule) (see instructions) 32,085 0 4,083 1V 19 Depreciation (attach schedule) and depletion . 6,753 0 20 Occupancy . 138,343 0 138,343 21 Travel, conferences, and meetings . 86,952 0 86,952 22 Printing and publications . 8,727 0 8,727 23 Other expenses (attach schedule) . 89,680 21,543 68,137 +s 24 Total operating and administrative expenses. Add lines 13 through 23 . 859,973 32,943 792,275 25 Contributions, gifts, grants paid . 5,946,577 5,946,577 26 Total expenses and disbursements. Add lines 24 and 6,806,550 32,943 6,738,852 25 27 Subtract line 26 from line 12 a Excess of revenue over expenses and disbursements -300,309 b Net investment income (if negative, enter -0-) 2,796,620 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) Fair M ark et Va l ue 1 Cash-non-interest-bearing . 572,325 273,848 273,848 2 Savings and temporary cash investments . 3 Accounts receivable ► Less allowance for doubtful accounts Oil 4 Pledges receivable ► Less allowance for doubtful accounts Oil 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 . 9 Prepaid expenses and deferred charges . uti 4 10a Investments - U S and state government obligations ( attach schedule) b Investments - corporate stock ( attach schedule) . 18,147,80 3 17,959,099 17,621,377 c Investments-corporate bonds ( attach schedule ). 22,258,454 22,394,999 24,772,619 11 Investments - land, buildings , and equipment basis ► Less accumulated depreciation ( attach schedule) 12 Investments - mortgage loans . 13 Investments - other ( attach schedule ) . 502,924 14 Land, buildings , and equipment basis ► Less accumulated depreciation ( attach schedule ) P, 318,766 133,831 184,158 184,158 15 Other assets ( describe Ilk- ) 9,724 95 9,724 Qg 9,724 16 Total assets ( to be completed by all filers-see the instructions Also, see page 1, item I ) 41,122,137 40,821,828 42,861,726 17 Accounts payable and accrued expenses . 18 Grants payable . 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 Oil 23 Total liabilities ( add lines 17 through 22) . 0 0 Foundations that follow SFAS 117, check here and complete lines 24 through 26 and lines 30 and 31. Q} 24 Unrestricted . 25 Temporarily restricted 26 Permanently restricted co Foundations that do not follow SFAS 117, check here ► F and complete lines 27 through 31. LL. 27 Capital stock, trust principal, or current funds . 0 0 28 Paid-in or capital surplus , or land, bldg , and equipment fund 0 0 29 Retained earnings, accumulated income, endowment , or other funds 41,122,137 40,821,828 w1 30 Total net assets or fund balances ( see page 17 of the instructions ) . 41,122,137 40,821,828 31 Total liabilities and net assets/ fund balances ( see page 17 of the instructions ) . 41,122,137 40,821,828 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 41,122,137 2 Enter amount from Part I, line 27a . 2 -300,309 3 0 3 Other increases not included in line 2 (itemize) ► 4 Add lines 1, 2, and 3 . 4 40,821,828 5 0 5 Decreases not included in line 2 (itemize) ► 6 Total net assets orfund balances at end of year (line 4 minus line 5)-Part II, column (b), line 30 6 40,821,828 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 BANK ONE CORP SUB NOTES 5 1/4% P 2013-01-30 b FORD MOTOR COMPANY 7 1/2%PFD P 2013-02-04 c CITIGROUP CAPITAL XV G 1/2% PFD P 2013-04-16 d JP MORGAN CHASE CAPITAL X 7% PFD P 2013-05-08 e ALLIANZ SE 8 3/8% PFD P 2013-06-17 (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 1,500,000 1,497,030 2,970 b 250,000 248,000 2,000 c 2,000,000 2,016,000 -16,000 d 604,025 612,481 -8,456 e 2,211,075 2,308,223 -97,148 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 2,970 b 2,000 c -16,000 d -8,456 e -97,148 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 -116,634 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? 1 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 7,163,552 44,624,142 0 160531 2011 7,999,090 42,504,791 0 188193 2010 4,408,864 40,204,362 0 109661 2009 2,865,296 31,804,330 0 090091 2008 3,407,818 33,574,807 0 101499 2 Total of line 1, column (d) .