FY15 Form 990-PF
Total Page：16
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PUBLIC DISCLOSURE COPY Return of Private Foundation OMB No. 1545-0052 Form 990-PF I or Section 4947(a)(1) Trust Treated as Private Foundation À¾µ¸ Do not enter social security numbers on this form as it may be made public. Department of the Treasury I Internal Revenue Service Information about Form 990-PF and its separate instructions is at www.irs.gov/form990pf. Open to Public Inspection For calendar year 2014 or tax year beginning 04/01 , 2014, and ending 03/31, 20 15 Name of foundation A Employer identification number THE CALIFORNIA ENDOWMENT 95-4523232 Number and street (or P.O. box number if mail is not delivered to street address) Room/suite B Telephone number (see instructions) (213) 928-8800 1000 N. ALAMEDA STREET City or town, state or province, country, and ZIP or foreign postal code m m m m m m m C If exemption application is I pending, check here LOS ANGELES, CA 90012 G m m I Check all that apply: Initial return Initial return of a former public charity D 1. Foreign organizations, check here Final return Amended return 2. Foreign organizations meeting the 85% test, checkm here m mand m attach m m m m m I Address change Name change computation H Check type of organization:X Section 501(c)(3) exempt private foundation E If private foundation status was terminatedm I Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation under section 507(b)(1)(A), check here I J X Fair market value of all assets at Accounting method: Cash Accrual F If the foundation is in a 60-month terminationm I end of year (from Part II, col. (c), line Other (specify) under section 507(b)(1)(B), check here 16) I $ 3,768,442,347. (Part I, column (d) must be on cash basis.) Analysis of Revenue and Expenses (The (d) Disbursements Part I (a) Revenue and total of amounts in columns (b), (c), and (d) (b) Net investment (c) Adjusted net for charitable may not necessarily equal the amounts in expenses per income income purposes column (a) (see instructions).) m books (cash basis only) 1 Contributions, gifts, grants, etc., received (attach schedule) I if the foundationm is m not m mrequired m m m mto m 2 Check X attach Sch. B m 3 Interest on savings and temporary cash investments 85,475. m m m m 18,827,574. 25,355,701. 4 Dividends andmmmmmmmmmmmmmmmmm interest from securities 5a Gross rents 731,900. 731,900. b Net rental income or (loss) -479,776. 6a Net gain or (loss) from sale of assets not on line 10 164,629,246. b Gross sales price for all 859,114,631. assets on line 6a m 7 Capital gain net income (fromm m Part m m IV, m m line m m 2) m m 193,214,275. Revenue 8 Net short-term capital gainmmmmmmmmmmmm 9 Income modifications 10 a Gross sales less returnsm m m m m and allowances m b Less: Cost of goods sold m m m m c Gross profit or (loss) (attach schedule) m m m m m m m 18,912,959. -11,038,065. 11 Other income (attach schedule)mATCH m m m m1 m m m 12 Total. Add lines 1 through 11 m m 203,187,154. 208,263,811. 13 Compensation of officers, directors, trustees, etc. 3,701,148. 1,352,229. 2,348,919. m m m m m 13,516,742. 1,935,463. 12,137,049. 14 Other employee salaries and wagesm m m m m m 15 Pension plans, employee benefits 5,256,077. 480,495. 4,504,187. m m m m m m m m m 402,492. 222,298. 185,880. 16 a Legal fees (attach schedule) ATCHm m2 m m m m b Accounting fees (attach schedule)ATCH 3 644,868. 206,927. 352,711. m m m 6,644,175. 5,221,060. 1,551,637. c Other professionalmmmmmmmmmmmmmmmmmmm fees (attach schedule) [4] 17 Interest 19,167. 19,167. m m m 2,859,653. 18 Taxes (attach schedule) (see instructions)[5]m 19 Depreciation (attach schedule) and depletion 2,239,920. 141,080. mmmmmmmmmmmmmmmmm 1,938,741. 572,007. 1,370,357. 20 Occupancy m m m m m m 21 Travel, conferences, and meetings 832,627. 145,436. 687,758. m m m m m m m m m m 64,765. 68,235. 22 Printing and publications m m m m m m 23 Other expenses (attach schedule)ATCH 6 32,258,573. 171,720. 32,652,994. 24 Total operating and administrativemmmmmmmmmmm expenses. Add lines 13 through 23 70,378,948. 10,448,715. 55,878,894. m m m m m m m 153,051,647. 184,545,806. Operating and Administrative Expenses Administrative and Operating 25 Contributions, gifts, grants paid 26 Total expenses and disbursements. Add lines 24 and 25 223,430,595. 10,448,715. 0 240,424,700. 27 Subtract line 26 from line 12: m m a Excess of revenue over expenses and disbursements -20,243,441. b Net investment income (if negative, enter -0-)m m 197,815,096. c Adjusted net income (if negative, enter -0-) JSA For Paperwork Reduction Act Notice, see instructions. Form 990-PF (2014) 4E1410 1.000 0573AU 1673 2/11/2016 5:19:46 PM V 14-7.16 PAGE 1 Form 990-PF (2014) THE CALIFORNIA ENDOWMENT 95-4523232 Page 2 Attached schedules and amounts in the Beginning of year End of year Part II Balance Sheets description column should be for end-of-year amountsmmmmmmmmmmmmmmmmmm only. (See instructions.) (a) Book Value (b) Book Value (c) Fair Market Value 1 Cash - non-interest-bearing mmmmmmmmmmm 2 Savings and temporaryI cash investments 126,381,522. 53,524,431. 53,524,431. 3 Accounts receivable I Less: allowance for Idoubtful accounts 4 Pledges receivable I Less: allowance formmmmmmmmmmmmmmmmmmmmmm doubtful accounts 5 Grants receivable 6 Receivables due from officers, directors, trustees, andm other m m m disqualified persons (attach schedule) (see instructions)I 7 Other notes and loans receivable (attachI schedule) Less: allowance for doubtfulmmmmmmmmmmmmmmmmmm accounts 8 Inventories for sale or use mmmmmmmmmmmm 9 Prepaid expenses and deferred charges m m 286,900. 893,919. 893,919. Assets 10 a Investments - U.S. and state government obligations (attach schedule)[7] 12,160,359. 49,590,973. 49,590,973. ATCHm m m m8ATCH m m m m b Investments - corporate stock (attach schedule) m m m m m m m m 1,243,176,810. 1,289,547,434. 1,289,547,434. c Investments - corporate bonds (attach schedule) ATCH 9ATCH 176,216,028. 223,118,851. 223,118,851. 11 Investments - land, buildings, I and equipment: basis Less: accumulated depreciation I (attach schedule) mmmmmmmmmmmmmmmm 12 Investments - mortgage loans mmmmmmmmmmmmm 13 Investments - other (attach schedule) ATCH 10ATCH 1,998,056,889. 2,033,361,331. 2,033,361,331. 14 Land, buildings, and I equipment: basis 104,438,838. Less: accumulated depreciation I 31,746,783. 74,503,368. 72,692,055. 72,692,055. (attach schedule) I 15 Other assets (describe ATCH 11ATCH ) 37,677,341. 45,713,353. 45,713,353. 16 Total assets (to be completed bymmmmmmmmmmmmm all filers - see the instructions. Also, see page 1, item I) mmmmmmmmmmm 3,668,459,217. 3,768,442,347. 3,768,442,347. 17 Accounts payablemmmmmmmmmmmmmmmmmmmmmmm and accrued expenses 7,633,758. 6,269,442. 18 Grants payable mmmmmmmmmmmmmmmmmmmmmm 74,857,679. 43,215,301. 19 Deferred revenue m 20 Loans from officers, directors, trustees, and other disqualified personsm m m m m 21 Mortgages and other notes payable (attach schedule) Liabilities I 16,810,081. 20,749,837. 22 Other liabilities (describe mmmmmmmmmmmATCH 12ATCH ) 23 Total liabilities (add lines 17 through 22) m 99,301,518. 70,234,580. Foundations that follow SFAS 117, check here I X and complete lines 24 through 26 and lines 30 and 31. mmmmmmmmmmmmmmmmmmmmmmmmm 3,569,157,699. 3,698,207,767. 24 Unrestricted mmmmmmmmmmmmmmmmmmmm 25 Temporarily restricted mmmmmmmmmmmmmmmmmmmm 26 Permanently restricted m m m I Foundations that do not follow SFAS 117, check here and complete lines 27 throughm m m31. m m m m m m 27 Capital stock, trust principal, or current funds m m m m m 28 Paid-in or capital surplus, or land, bldg., and equipment fund m m 29 Retained earnings, accumulated income, endowment, or otherm mfunds m m m m 30 Total net assets or fund balances (see instructions) 3,569,157,699. 3,698,207,767. Net Assets or Balances Fund 31 Total liabilitiesmmmmmmmmmmmmmmmmmmmmmmmmm and net assets/fund balances (see instructions) 3,668,459,217. 3,768,442,347. Part III Analysis of Changes in Net Assets or Fund Balances 1 Total net assets or fund balances at beginning ofmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm year - Part II, column (a), line 30 (must agree with end-of-year figure reported on priormmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm year's return) 1 3,569,157,699. 2 Enter amount from Part I, line 27a I 2 -20,243,441. 3 Other increases not includedmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm in line 2 (itemize) ATCH 13 3 150,675,845. 4 Add lines 1, 2, and 3 I 4 3,699,590,103. 5 Decreases not included in line 2 (itemize) ATCH 14 m m m m 5 1,382,336. 6 Total net assets or fund balances at end of year (line 4 minus line 5) - Part II, column (b), line 30 6 3,698,207,767. Form 990-PF (2014) JSA 4E1420 1.000 0573AU 1673 2/11/2016 5:19:46 PM V 14-7.16 PAGE 2 THE CALIFORNIA ENDOWMENT 95-4523232 Form 990-PF (2014) Page 3 Part IV Capital Gains and Losses for Tax on Investment Income (b) (a) List and describe the kind(s) of property sold (e.g., real estate, How (c) Date (d) acquired acquired Date sold 2-story brick warehouse; or common stock, 200 shs.