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) Trust Treated as Private Foundation Department of the Treasury 10- Do not enter Social Security numbers on this form as it may be made public. 2013 Internal Revenue Service 110 Information about Form 990-PF and its separate instructions is at wvAv irs oov/form For calendar year 2013 or tax year beginning , and ending Name of foundation A Employer identification number THE WILLIAM PENN FOUNDATION 23-1503488 Number and street (or P O box number if mail is not delivered to street address ) Room/suite B Telephone number TWO LOGAN SQUARE 11TH FLOOR 215-988-1830 City or town, state or province, country, and ZIP or foreign postal code C If exemption application is pending , check here ► PHILADELPHIA, PA 19103 G Check all that apply: L_J Initial return L_J Initial return of a former public charity D 1. Foreign organizations , check here EDFinal return Amended return 2. Foreign organizations meeting the 85% test, Address chan g e Name change check here and attach computation H Check type of organization: X Section 501 (c)(3) exempt private foundation E If private foundation status was terminated = Section 4947(a)( 1) nonexempt charitable trust 0 Other taxable private foundation under section 507(b)(1)(A), check here ► Fair market value of all assets at end of year J Accounting method : L_J Cash L_J Accrual F If the foundation is in a 60-month termination (from Part ll, col (c), line 16) OX Other (specify) MODIFIED ACCRUAL under section 507(b)(1)(B), check here ► $ 2 , 2 8 3 ,16 4 , 2 5 6 . (Part 1, column (d) must be on cash basis) Part 1 Analysis of Revenue and Expenses (a) Revenue and (b ) Net investment ( Adjusted net ( d ) Disbursements (The total of amounts in columns (b), (c), and (d) may not c) for c haritab l e p urp o ses necessari ly equa l the amounts in column (a) ) expenses per books income income 1 Contributions , gifts, grants, etc., received I-- 2 Check [II] it the foundation is not required to attach Sch B 3 Interest on savings and temporary cash investments 501. 501. S TATEMENT 2 4 Dividends and interest from securities 35,151, 385. 52,840,676. STATEMENT 3 5a Gross rents b Net rental income or (loss) 6a Net gain or (loss ) from sale of assets not on line 10 117,159,782. STATEMENT 1 7 Gross sales p rice for all e b assets onl i ne 6a 117 ,159 , 782. 81 7 Capital gain net income (from Part IV, line 2) 10 8 ,5 88,103. 8 Net short-term capital gain N/A - l 9 Income modifications Gross sales less returns 10a and allowances b Less Cost of goods sold c Gross profit or (loss) • 11 Other Income 12,726. 2,299,179. 8, 4 4 4. TATEMENT 4 12 Total . Add lines 1through ll 152,324,394. 163,728,459. 8,444. 13 Compensation of officers , directors , trustees, etc 1, 293 , 251 . 695 , 105 . 0 . 574 ,111. 14 Other employee salaries and wages 2, 058 , 350 . 600 , 862 . 0. 1, 641 , 655 . 15 Pension plans, employee benefits 737, 867 . 187, 044. 0 . 1, 103, 315. U) 16a Legal fees STMT 5 350, 322. 24,576. 0. 273, 636. a b Accounting fees STMT 6 64,786. 25,126. 0. 6 3,061. W c Other professional fees STMT 7 9, 104, 251. 8, 772, 716. 0. 295,496. 17 I 2, 455, 772. 18 axesRFCE \/E5, KT 8 8,223,240. 1,171,763. 0. 0. .Ln 19 IDeeprTtatton and depletion- 244, 876 . 62, 215. 0. E 20 pane } 398 , 812. 100,683. 0 . 305, 228. 9 21 T Fr corlfbl^dce An t Petl4ngs Wt 219,479. 89,457. 0. 124,969. C 22 P intiiig-and publications e F J 0 23 ^herex 6\1 )STM 9 893,966. 9,427,048. 0. 647,539. f•; i 24 T pe dfiistrative a expenses . Add lines 13 through 23 23, 589,200. 23,612,367. 0. 5, 029,010. 0 25 Contributions, gifts, grants paid 88, 2 43,046. 80, 099,460. 26 Total expenses and disbursements. C4 Add lines 24 and (U, 25 11,832,246. 23,612,367. 0. 85,128,470. 27 Subtract line 26 from line 12: a Excess of revenue over expenses and disbursements 40 ,492,148. b Net investment income [if negative, enter -o-) 4 0 ,116 , 0 9 2 . c Adjusted net income it negative, enter -0-) 8,444. 10-10-13 LHA For Paperwork Reduction Act Notice, see instructions . Form 990-PF (2013) 1 (^ J 14261024 751417 WPF 2013.04030 THE WILLIAM PENN FOUNDATION WPF 1 . & Form 990-PF 2013 THE WILLIAM PENN FOUNDATION 23-1503 488 Page 2 Attached schedules and amounts in the description Beginning of year End of year P art 11 Balance Sheets column should be for end-of-year amounts only (a ) Book Value (b) Book Value (c) Fair Market Value 1 Cash - non-Interest -bearing 44,194. 399,994. 399,994. 2 Savings and temporary cash investments 10,403,011. 82,567,416. 82,567,416. 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 ► J Less: allowance for doubtful accounts ► 8 Inventories for sale or use y 9 Prepaid expenses and deferred charges 488,179. 118,681. 118 , 681 . a 10a Investments - U.S. and state government obligations STMT 12 101,110 , 874. 79,517,107. 79, 517,107. b Investments - corporate stock STMT 13 892,851,272. 937,744,100. 937,744,100. c Investments - corporate bonds STMT 14 265,658,472. 192,059,701. 192, 059,701. 11 Investments land, buildings, and equipment basis ► Less accumulated depreciation ► 12 Investments - mortgage loans 13 Investments - other STMT 15 749 , 438, 523. 988 ,652,049 . 988,652,049. 14 Land, buildings , and equipment : basis ► 3,652,504. Less accumulated depreciaoon ► 3,278,692. 540,196. 373,812. 373,812. 15 Other assets (describe ► STATEMENT 16 ) 2,013,919. 1,731,396. 1,731,396. 16 Total assets (to be completed by all filers - see the instructions. Also, see page 1, item 1 2022548640. 2283164256. 2283164256. 17 Accounts payable and accrued expenses 4,878, 945. 9 ,450,911. 18 Grants payable 20,603,511. 27,851,110. H 19 Deferred revenue '-' 20 Loans from officers, directors , trustees , and other disqualified persons 21 Mortgages and other notes payable 22 Other liabilities (describe ► STATEMENT 17 ) 2,76 6,408 . 2,274,463. 23 Total liabilities add lines 17 through 22 28, 248,8 64. 39,576,484. Foundations that follow SFAS 117 , check here ► and complete lines 24 through 26 and lines 30 and 31. 24 Unrestricted 1175303099. 1317080923. to 25 Temporarily restricted 818,996,677. 926,506,849. co 26 Permanently restricted Foundations that do not follow SFAS 117 , check here ► LL and complete lines 27 through 31. y 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 1994299776. 2243587772. 31 Total liabilities and net assets/fund balances 2022548640. 2283164256. Part I11 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 1994299776 . 2 Enter amount from Part I, line 27a 2 40,492,148 . 3 Other increases not included in line 2 ( itemize ) ► SEE STATEMENT 11 3 208,795,848. 4 Add lines 1 , 2, and3 4 2243587772. 5 Decreases not included in line 2 ( itemize) ► 5 0 - 6 Total net assets or fund balances at end of year ( line 4 minus line 5 - Part II , column (b ), line 30 6 2 2 4 3 5 8 7 7 7 2 . Form 990-PF (2013) 323511 10.10-13 2 14261024 751417 WPF 2013.04030 THE WILLIAM PENN FOUNDATION WPF 1 0 0 Form 990-PF (2013) THE WILLIAM PENN FOUNDATION 23-1503488 Page 3 Part IV Capital G ai ns and Losses for Tax on Investment Income (a) List and describe the kind(s) of property sold (e.g., real estate, How acquire (c) Date acquired (d) Date sold Purchase 2-story brick warehouse , or common stock, 200 shs. MLC Co.) D - Donation (mo., day, yr.) (mo., day, yr.) 1a SEE STATEMENT A P b c d e (e) Gross sales price (f) Depreciation allowed (g) Cost or other basis ( h) Gain or (loss) (or allowable) plus expense of sale (e) plus (f) minus (g) a 117,159,782. 8,571,679. 108,588,103. b c d e Comp lete 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 F.M.V. of 12/31/69 Losses (from col. (h)) (i) as as of 12/31/69 over col. (j), if any a 108,588,103. 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 2 108,588,103.