Bloomberg Family Foundation
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29491328.00103 8 EXTENDED Mn NOVEMBER 15, 2018 •' Return of Private Foundation OMB No 1545-0052 Form 990 -PF or Section 4947(a)(1) Trust Treated as Private Foundation 20 Do not enter social security numbers on this form as it may be made public. Department of the Treasury ► www.lrs ov/Form990PF and latest Internal Revenue Serv.ce ► Go to . for instructions the information. For calendar year 2017 or tax year beginning , and ending Name of foundation A Employer identification number THE BLOOMBERG FAMILY FOUNDATION INC 20-5602483 Number and street (or P 0 box number if mail is not delivered to street address) Room/suite B Telephone number C/O GELLER ADVISORS, 909 3RD AVE, 16/F 212-205-0100 City or town, state or province, country, and ZIP or foreign postal code C If exemption application is pending , check here ► NEW YORK, NY 10022 G Check all that apply: L_J Initial return L_J Initial return of a former public charity D 1. Foreign organizations, check here 0 Final return Amended return 2. Foreign organizations meeting the 85% test, ® Address chang e Name change check here and attach computation H Check type of organization: LXJ Section 501(c)(3) exempt private foundation n E If private foundation status was terminated = Section 4947(a)(1) nonexempt charitable trust 0 Other taxable private foundation V under section 507(b)(1)(A), check here I Fair market value of all assets at end of year J Accounting method: Cash Accrual F If the foundation is in a 60-month termination (from Part II, col. (c), line 16) ® Other (specify) MODIFIED CASH BAS under section 507(b)(1)(B), check here 8,931,075,194 . (Part I, column (d) must be on cash basis.) Part I Analysis of Revenue and Expenses (a) Revenue and (b) Net investment (c) Adjusted net ( d ) Disbursements (The total of amounts in columns (b), (c), and (d) may not for charitable purposes necessarily equal the amounts in column (a)) ex p enses p er books income income (cash basis only) 1 Contributions, gifts, grants, etc., received 457,000,000 . N/A 2 Check ► i(the foundation is not required to attach Sch B and temporary 3 nvestmentss 6,115. 6,115 . S TATEMENT 1 07 caste 0 4 Dividends and interest from securities 246,961. 246,961. S TATEMENT 2 N 5a Gross rents b Net rental income or (loss) 6a Net gain or (loss) from sale of assets not on line 10 459,863,276. STATEMENT 9A Gross sales price for all 11M b assets on line 6a LL LL 7 Capital gain net 420 ,946,823. 8 Net short -ter AE D 9 Income modif C Gross sales le ILL 10a and allowance Z b Less Cost of g Z c Gross profit 11 Other incom <108 (110 , 308. ,< 78,110,028. > S TATEMENT 3 I 12 Total. Add lines 1 through 11 808,206,044. 343,089,871. 13 Compensation of officers, directors , trustees , etc 222 , 200 . 55,550 . 166,650 14 Other employee salaries and wages 15 Pension plans, employee benefits y 16a Legal fees STMT 4 182, 386. 45,597. 136,789. a b Accounting fees STMT 5 1,475 , 002. 353,237. 1,121,765. W c Other professional fees STMT 6 10, 032 , 981. 0. 10, 032,981. 17 Interest 18 Taxes STMT 7 1, 094, 999. 0. 0. .Sy 19 Depreciation and depletion E 20 Occupancy a 21 Travel, conferences, and meetings 2,455,961. 21,046. 2,434,915. c 22 Printing and publications I 23 Other expenses STMT 8 918,979. 165,225. 103,274. 24 Total operating and administrative a expenses . Add lines 13 through 23 16, 382, 508. 640, 655. 13, 996, 374. 0 25 Contributions, gifts, grants paid 434,772,428 . 434, 772,428 . 26 Total expenses and disbursements. Add lines 24 and 25 451,154,936. 640,655. 448,768,802. 27 Subtract line 26 from line 12. a Excess of revenue over expenses and disbursements 357,051,108 b Net investment income or negative, enter -0-) 342,449,216. c Adjusted net income of negative, enter -0-) N/A 723501 01-03-18 LHA For Paperwork Reduction Act Notice, see instructions. Form 990-PF (2017) 1 11561107 737725 BLOOMFAMFND 2017.04030 THE BLOOMBERG FAMILY FOUNDA BLOOMFA1 'Form 990-PF (2017) THE BLOOMBERG FAMILY FOUNDATION INC 20-5602483 Paae2 Attached schedules and amounts in the description Beginning of year End of year Part II Balance Sheets column should be for endul-year amounts only (a) Book Value (b) Book Value (c) Fair Market Value 1 Cash - non-interest-bearing 2 Savings and temporary cash investments 23,561,682. 106,854,440. 106,854,440. 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 ► Less: allowance for doubtful accounts ► , 8 Inventories for sale or use 9 Prepaid expenses and deferred charges a 10a Investments - U.S. and state government obligations b Investments - corporate stock c Investments - corporate bonds 11 Investments - land, buildings, and equipment basis ► j Less accumulated depreciation ► 12 Investments - mortgage loans 13 Investments - other STMT 11 7 817 719 937, 8 818 993 569, 8 818 993 569• 14 Land, buildings, and equipment basis ► Less accumulated depreciation ► 15 Other assets (describe ► STATEMENT 12 ) 8,935,350. 5,227,185. 5,227,185. 16 Total assets (to be completed by all filers - see the instructions. Also, see p age 1, item I 7,850 , 216 , 969. 8 , 931 , 075 , 194. 8 , 931 , 075 , 194. 17 Accounts payable and accrued expenses 18 Grants payable u) 19 Deferred revenue 20 Loans from officers, directors , trustees , and other disqualified persons 20 21 Mortgages and other notes payable 22 Other liabilities (describe ► STATEMENT 13 ) 4,935,350. 1,352,800. 23 Total liabilities add lines 17 through 22 4,935,350. 1,352,800. Foundations that follow SFAS 117, check here ► and complete lines 24 through 26, and lines 30 and 31. N • 24 Unrestricted 7,836 , 551 , 391. , 923 , 309 , 261. A 25 Temporarily restricted 8,730,228. 6,413,133. M 26 Permanently restricted r_ Foundations that do not follow SFAS 117, check here ► LL t and complete lines 27 through 31. y 27 Capital stock, trust principal, or current funds y 28 Paid-in or capital surplus, or land, bldg., and equipment fund N 4 29 Retained earnings, accumulated income, endowment, or other funds 7,845 281 619. 8 929 722 394. Z0) 30 Total net assets or fund balances , , , , , 31 Total liabilities and net assets/fund balances 7 , 850 , 216,969. 8 , 931 , 075 , 194. Part III 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 7, 845 281 619 . 2 Enter amount from Part I, line 27a 2 357,051,108. 3 Other increases not included to line 2 (itemize) ► SEE STATEMENT 10 3 727,389,667. 4 Add lines 1, 2, and 3 4 8 , 929 , 722 , 394. 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 8,929 , 722 , 394. Form 990-PF (2017) 723511 01-03-18 2 11561107 737725 BLOOMFAMFND 2017.04030 THE BLOOMBERG FAMILY FOUNDA BLOOMFA1 'Form 990-PF (2017) THE BLOOMBERG FAMILY FOUNDATION INC 20-5602483 Page 3 Part IV Capital Gains and Losses for Tax on Investment Income (a).List and describe the kind(s) of property sold (for example, real estate, How acgwre (c) Date acquired (d) Date sold Purchas 2-story brick warehouse; or common stock, 200 shs. MLC Co.) D - Donatione (mo., day, yr.) (mo., day, yr.) la THRU PARTNERSHIP INVESTMENTS b UNRELATED BUSINESS GAIN REPORTED ON FORM c 990-T d e (h) Gain or (loss) (e) Gross sales price (f) Depreciation allowed (g) Cost or other basis (or allowable) plus expense of sale ((e) plus (f) minus (g)) a 459,863,276. b c <38,916,453. 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 (from col. (h)) (i) FMV as of 12/31/69 as of 12/31/69 over col. (I), if any Losses a 459,863,276. b c <38,916,453. 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 2 420,946,823. 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). If loss enter -0- in Part I line 8 3 N/A I gartiy i Qualification Under Section 494O(e) for Heauceci I ax 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? E] Yes ® No If "Yes," the foundation doesn't qualify under section 4940 (e).