Z 990-PF Return of Private Foundation
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EXTENSION Return of Private Foundation CIM13NT c P Form 990-PF or Section 4947(a)(1) Trust Treated as Private Foundation P. Do not enter Social Security numbers on this form as it may be made public. 2013 Department of the Treasury Internal Revenue Service ► Information about Form 990-PF and its separate instructions is at www.irs.gov/form990 For calendar year 2013 or tax year beginni 11/1/2013 , and 10/31/2014 Name of foundation A Employer identification number nwPll Milken Famdv Fnunriattnn Number and street ( or P 0 box number if mail is not delivered to street address ) Room/suite 95-4078354 1250 Fourth St 3rd Floor B Telephone number (see instructions) City or town State ZIP code Santa Monica CA 90401 310-570-4800 q Foreign country name Foreign province/state/county Foreign postal code C If exemption application is pending, check here ► q q G Check all that apply Initial return q Initial return of a former public charity D 1. Foreign organizations, check here ► q Final return q Amended return 2. Foreign organizations meeting the 85% test, q q Address change q Name change check here and attach computation ► H Check type of organization Q Section 501(c)(3 ) exempt private foundation E If private foundation status was terminated under section 507(b)(1)(A) , check here q q Section 4947 ( a)(1) nonexempt charitable trust q Other taxable private foundation ► q q I Fair market value of all assets at J Accounting method Cash Accrual F If the foundation is in a 60-month termination end of year (from Part fl, col (c), q Other ( specify) under section 507 ( b)( 1 )( 8), check here ► line 16) ► $ 83,740 , 764 (Part 1, column (d) must be on cash basis) (d) Disbursements IUM Analysis of Revenue and Expenses (The total of (a) Revenue and (b) Net investment (c) Adjusted net for chartable amounts in columns (b), (c), and (d) may not necessarily expenses per income income purposes books equal the amounts in column (a) (see instructions)) (cash basis only) 1 Contributions , gifts, grants , etc , received (attach schedule) St 8 9,236,975 q 2 Check ► if the foundation is not required to attach Sch B 3 Interest on savings and temporary cash investments 14,637 14,637 4 Dividends and interest from securities 267,646 267,646 5a Gross rents b Net rental income or (loss) 6a Net gain or ( loss) from sale of assets not on line 10 4,465,085 b Gross sales price for all assets on line 6a 8,772,731 7 Capital gain net income (from Part IV, line 2) 4 , 312,211 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 schedul EC 3,279, 426 3,331,650 E IVE^ " 12 Tota l . Add l ines 1 th ro g h - _ 17,263,769 7 , 926,144 0 13 Compensation of office fi Ire_cto s , tfustees, etc 14 Other employee salar dlv^a^es 1 2015 O 74,318 74,318 CV 15 Pension plans , emplo j e eneflts rj) 8,685 8,685 c+^a x 16a Legal fees (attach sche)0QQ 6,613 6,613 W b Accounting fees (attach scre'date) ,iU 112,484 43,907 67,490 d > c Other professional fees (attach schedule) . St 1 82 , 102 67 , 072 15,030 w M 17 Interest N 18 Taxes (attach schedule ) ( see instructions ) . St 3 83 , 435 12,280 5,946 wz 'E 19 Depreciation (attach schedule ) and depletion . St 18 4,072 Z 20 Occupancy 6,244 6,244 < 21 Travel , conferences, and meetings 6,275 6,275 U 22 Printing and publications m 23 Other expenses ( attach schedule ) . St 4 28 , 734 9 , 688 19,046 24 Total operating and administrative expenses. Add lines 13 through 23 412 , 962 132 , 947 0 209,647 25 Contributions , gifts, grants paid St 9 5,918,646 5 , 918,646 CL p 26 Total expenses and disbursements . Add lines 24 and 25 6 , 331,608 132,947 0 6 , 128,293 27 Subtract line 26 from line 12 a Excess of revenue over expenses and disbursements 10,932,161 b Net investment income ( if negative , enter -0-) 7,793,197 c Adjusted net income ( if negative , enter -0-) 0 For Paperwork Reduction Act Notice , see instructions. "tt Form 990-PF (2013) HTA Form 990-PF (2013) Lowell Milken Family Foundation 95-4078354 Page 2 Attached schedules and amounts in the description column Beginning of year End of year Balance Sheets should be for end-of-year amounts only (See instructions ) (a) Book Value ( b) Book Value (c) Fair Market Value 1 Cash-non-interest-bearing 40,262 25,299 25,299 2 Savings and temporary cash investments 12,910,864 20,242,992 20,242,992 receivable a ' : 5 3 Accounts ► ------------------------------------------- accounts Less allowance for doubtful ► ------------------------ 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) Other notes and loans receivable (attach schedule) 7 ► ------------------ ------------------------------ Less allowance for doubtful accounts ► 8 Inventories for sale or use 9 Prepaid expenses and deferred charges < 10a Investments-U S and state government obligations (attach schedule) b Investments-corporate stock (attach schedule) . St 5 3,315,432 3,348,332 12,190,851 c Investments-corporate bonds (attach schedule) . .st.6 985,544 74,292 11 Investments-land, buildings, and equipment basis ► ------------------ Less• accumulated depreciation (attach schedule) ► ---------------------- 12 Investments-mortgage loans 13 Investments-other (attach schedule) . St 7 39,797,479 41,359,389 51,267,372 14 Land, buildings, and equipment basis ► ______________________28,500 18,322 14,250 14,250 Less accumulated depreciation (attach schedule) ► ----------- 14,250 15 Other assets (describe ► ---- -------------------------------- 16 Total assets (to be completed by all filers-see the instructions Also, see page 1, item I 57,067,903 65,064,554 83,740,764 17 Accounts payable and accrued expenses 35,007 18 Grants payable 19 Deferred revenue 20 Loans from officers, directors, trustees, and other disqualified persons 0 21 Mortgages and other notes payable (attach schedule) J 22 Other liabilities (describe ► __________________________________- 23 Total liabilities (add lines 17 throug h 22 ) 35,007 0 q Foundations that follow SFAS 117, check here ► and complete lines 24 through 26 and lines 30 and 31. U ca 24 Unrestricted m 25 Temporarily restricted 26 Permanently restricted Foundations that do not follow SFAS 117, check here ► LL and complete lines 27 through 31. L_ 0 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 57,032,896 65,064,554 a 30 Total net assets or fund balances (see instructions) 57,032,896 65,064,554 Z 31 Total liabilities and net assetsifund balances (see instructions 57,067,903 65,064,554 , Fg.WiM Analysis of Chang es 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 57,032,896 2 Enter amount from Part I, line 27a 2 10,932,161 not included in line 2 (itemize) Stmt 19 3 454,731 3 Other increases ► - - ------------------------------------------------ 4 Add lines 1, 2, and 3 4 68,419,788 5 3,355,234 5 Decreases not included in line 2 (itemize) ► Stmt 17 6 Total net assets or fund balances at end of year (line 4 minus line 5)-Part II, column (b), line 30 6 65 , 064 , 554 Form 990-PF (2013) Form 990-PF (2013) Lowell Milken Family Foundation 95-4078354 Page 3 • . ,t CaDital Gains and Losses for Tax on Investment Income ( b) How acquired (c) Date acquired (d) Date sold (a) List and descnbe the kind ( s) of property sold (e g , real estate , P-Purchase (mo , day, yr) (mo, day, yr) 2-story bnck warehouse , or common stock , 200 shs MLC Co ) D-Donation la Stmt 12 b c d e (f) Depreciation allowed ( 9) Cost or other basis ( h) Gain or (loss) (e) Gross sales price (or allowable) plus expense of sale ( e) plus (f) minus (g) a 8,619,857 4,307,646 4,312,211 b c d e Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 ( 1) Gains (Col (h) gain minus col ( k), but not less than -0-) or Q) Adjusted basis ( k) Excess of col (Q (i) F M V as of 12/31/69 as of 12/31/69 over col (I), if any Losses (from col (h)) a 4,312,211 b c d e If gain, also enter in Part I, line 7 2 Capital gain net income or (net capital loss) f If (loss), enter -0- in Part I, line 7 2 4,312,211 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 0 OF= 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? q Yes 0 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 Base period years Distribution ratio Adjusted qualifying distributions Net value of nonchantable-use assets Calendar y ear (or tax year be g innin g in ) col ( b) divided by col ( c )) 2012 5,357,259 66,139,693 0080999 2011 6,230,014 61, 413,687 0101443 2010 2,623,874 60,728,353 0043207 2009 3,271,278 58,359,367 0056054