Form 990-PF 2017

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Form 990-PF 2017 lefile GRAPHIC print - DO NOT PROCESS As Filed Data - DLN:93491134041559 OMB No 1545-0052 Form 990-PF Return of Private Foundation Department of the Trea,un or Section 4947( a)(1) Trust Treated as Private Foundation Internal Re, enue ,en ice 2017 ► Do not enter social security numbers on this form as it may be made public. ► Information about Form 990-PF and its instructions is at www.irs.gov/form990pf. For calendar year 2017, or tax year beginning 07 -01-2017 , and ending 06-30-2018 Name of foundation GOOD VENTURES FOUNDATION C/O APERCEN PARTNERS LLC 46-1008520 Number and street (or P O box number if mail is not delivered to street address) Room/suite B Telephone number (see instructions) 314 LYTTON AVENUE SUITE 200 (650) 804-7100 City or town, state or province, country, and ZIP or foreign postal code PALO ALTO, CA 94301 C If exemption application is pending, check here q G Check all that apply q Initial return q Initial return of a former public charity D 1. Foreign organizations, check here q ► q Final return q Amended return 2 Foreign organizations meeting the 85% test, check here and attach computation ► El El Address change El Name change E If private foundation status was terminated H Check typ e of org anization q Section 501(c)(3) exem pt p rivate foundation under section 507(b)(1)(A), check here ► q Section 4947(a)(1) nonexempt charitable trust q Other taxable private foundation I Fair market value of all assets at end J Accounting method q Cash 9 Accrual F If the foundation is in a 60-month termination q of year (from Part II, col (c), under section 507(b)(1)(B), check here q ► l ne 16)101$ 1,479,986,869 Other (specify) (Part I, column (d) must be on cash bass ) JIM Analysis of Revenue and Expenses (The total ( a) Revenue and (d) Disbursements (b) Net investment (c) Adjusted net for charitable of amounts in columns (b), (c), and (d) may not necessarily expenses per income income purposes books basis equal the amounts in column (a) (see instructions) ) (cash s only) 1 Contributions, gifts, grants, etc , received (attach 403,279,018 schedule) q 2 Check ► if the foundation is not required to attach Sch B . 3 Interest on savings and temporary cash investments 4 Dividends and interest from securities . 18,937,251 22,418,458 5a Gross rents . b Net rental income or (loss) a> 6a Net gain or (loss) from sale of assets not on line 10 18,173,419 y b Gross sales price for all assets on line 6a 617,827,486 7 Capital gain net income (from Part IV, line 2) . 422,845,947 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) 22,164,722 6,030,915 12 Total. Add lines 1 through 11 . 462,554,410 451,295,320 13 Compensation of officers, directors, trustees, etc 0 0 0 14 Other employee salaries and wages . 0 15 Pension plans, employee benefits . ^C 16a Legal fees (attach schedule) . JJ 151,405 0 151,405 R. b Accounting fees (attach schedule) . 166,310 58,404 58,404 X w c Other professional fees (attach schedule) . 808,852 3,430,520 431,130 17 Interest 18 Taxes (attach schedule) (see instructions) 6,784,367 916,656 0 19 Depreciation (attach schedule) and depletion . 20 Occupancy . 21 Travel, conferences, and meetings . 22 Printing and publications . 23 Other expenses (attach schedule) . 845,785 810,109 40 24 Total operating and administrative expenses. Add lines 13 through 23 . 8,756,719 5,215,689 640,979 25 Contributions, gifts, grants paid 27,272,638 38,703,045 26 Total expenses and disbursements . Add lines 24 and 25 36,029,357 5,215,689 39,344,024 27 Subtract line 26 from line 12 a Excess of revenue over expenses and 426,525,053 disbursements b Net investment income (if negative, enter -0-) 446,079,631 c Adjusted net income (if negative, enter -0-) . For Paperwork Reduction Act Notice, see instructions . Cat No 11289X Form 990-PF (2017) Form 990-PF (2017) Pan,- 2 Beginning of year End of year Balance Sheets Attached schedules and amounts in the description column ® 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 . 2 Savings and temporary cash investments . 107,425,688 231,664,016 231,664,016 3 Accounts receivable ► 1,311,440 Less allowance for doubtful accounts ► 277,778 1,311,440 1,311,440 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) ► Less allowance for doubtful accounts ► 8 Inventories for sale or use . 0 9 Prepaid expenses and deferred charges . 439 , 128 862 , 000 862 , 000 l0a Investments-U S and state government obligations ( attach schedule ) 58,455,785 04^ 154,479,218 154,479,218 b Investments - corporate stock ( attach schedule ) . 348,640,802 Gil 435,194,398 435,194,398 c Investments - corporate bonds ( attach schedule ) . 121,341,593 Gil 178,251,662 178,251,662 11 Investments-land, buildings, and equipment basis ► Less accumulated depreciation ( attach schedule) ► 12 Investments - mortgage loans . 13 Investments - other ( attach schedule ) . 378,892,227 Gil 478,224,135 478,224,135 14 Land , buildings , and equipment basis ► Less accumulated depreciation ( attach schedule) ► 15 Other assets ( describe ► 16 Total assets ( to be completed by all filers-see the instructions Also, see page 1, item I ) 1,015,473,001 1,479, 986,869 1,479,986,869 17 Accounts payable and accrued expenses . 1,025,286 18 Grants payable . 25,925,509 14,358,526 o 19 Deferred revenue . 20 Loans from officers , directors , trustees , and other disqualified persons 21 Mortgages and other notes payable ( attach schedule ). 22 Other liabilities ( describe ► ) IJ 4,227,464 04J 3,101,000 23 Total liabilities ( add lines 17 through 22 ) . 30,152,973 18,484,812 Foundations that follow SFAS 117, check here ► and complete lines 24 through 26 and lines 30 and 31. 24 Unrestricted . 985,320,028 1,461,502,057 25 Temporarily restricted 26 Permanently restricted . q Foundations that do not follow SFAS 117 , check here ► and complete lines 27 through 31. 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 d Z 30 Total net assets or fund balances (see instructions ) . 985,320,028 1,461,502,057 31 Total liabilities and net assets / fund balances ( see instructions ) 1,015,473,001 1,479 ,986,869 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 ) . 1 985 , 320,028 2 Enter amount from Part I, line 27a . 2 426 , 525,053 3 49, 656,976 3 Other increases not included in line 2 ( itemize ) ► 4 Add lines 1 , 2, and 3 . 4 1,461,502,057 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 1,461 , 502,057 Form 990-PF (2017) Form 990-PF (2017) Page 3 Capital Gains and Losses for Tax on Investment Income How acquired List and describe the kind(s) of property sold (e g , real estate, Date acquired Date sold P-Purchase 2-story brick warehouse, or common stock, 200 shs MLC Co (mo , day, yr) (mo , day, yr ) D-Donation 1 a PUBLICLY TRADED SECURITIES b ALTERNATIVE INVESTMENTS P C d e ( e) (f) (g) (h) Depreciation allowed Cost or other basis Gain or (loss) Gross sales price (or allowable) plus expense of sale (e) plus (f) minus (g) a 597,148,468 178,288,516 418,859,952 b 20,679,018 16,693,023 3,985,995 C d e Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (I) (j) (k) Gains (Col (h) gain minus ( i ) Adjusted basis Excess of col (i) col (k), but not less than -0-) or F M V as of 12/31/69 as of 12/31/69 over col (j), if any Losses (from col (h)) a 418,859,952 b 3,985,995 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 2 422,845,947 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 . i 3 Ei^ 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 W 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 instructions before making any entries Base period years Calendar Distributdon ratio Adjusted qualifying distributions Net value of noncha) stable-use assets year (or tax year beginning in) (col (b) divided by col (c)) 2016 73,561,993 938,469,146 0 078385 2015 15,428,248 641,851,529 0 024037 2014 5,314,878 395,496,935 0 013438 2013 141,848 236,470,760 0 000600 2012 0 24,676,292 0 000000 2 Total of line 1, column (d) .
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