Form 99P-PF Return of Private Foundation
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OMB No 1545052 Form 99p-PF Return of Private Foundation or Section 4947(a)(1) Nonexempt Charitable Trust Department ottheTreasury Internal Revenue Service Treated as a Private Foundation LOOL Note : The organization may be able to use a copy of this return to satisfy state reporting requirements Far calendar gear 2002, or tax year beginning SEP 1, 2002 , and ending AUG 31, 200 u Une cK an tnat a i u initial return U anal return LJ Ame Use the IRS Name of organization Employer Identification number label. Otherwise, . K . KELLOGG FOUNDATION 38-1359264 print Number and street (or P 0 box number If mall Is not delivered to street address) aoolrl'suice g Telephone number ortype . NE MICHIGAN AVE EAST ( 269 ) 968-1611 See Specific City or town, state, and ZIP code If exemption application is pending, check here Instructions . BATTLE CREEK MI 49017 D 1 . Foreign organizations, check here . 10.0 2 . Foreign organizations meeting the 85% fast, , O -~ H Check type of organization : M Section 501(c)(3) exempt private foundation check here and attach computation 0 Section 4947(a)(1) nonexempt charitable trust E] Other taxable private foundation E If private foundation status was terminated ~ I Fair market value of all assets at end of year J Accounting method : __L ; EJ Cash Accrual under section 507(b)(1 )(A), check here _ "D (from Part ll, coL (c), line 16) ~ Other (specify) F If the foundation is in a 60-month termination- _ 1111. $ 400 , 34 9 063 . (Part l, column (0 must be on cash basi 7-1 Analysis Revenue j o1 and Expenses (a) Revenue and (b) Net investment (e) Adjusted net (d) Disbursements -J Cr) (The total of amounts In columns (b), (c), end (d) may not ~r charitable purposes necessarily equal the amounts in column Is).) expenses per books income income (cash bade onlvl 1 Contributions, gifts, grants, etc ,received 251 , 760 , 021 . Check 1 = 11 the foundation Is not required to attach Sch B 2 Distributions from split-interest trusts 3 Interest on savings and temporary cash investments 897 , 525 . 1,204,558 . a Dividends and interest from securities 7 , 920 r 782 . 8,461 .221 . 5a Gross rents b (Net rental income or (joss) Net gain or (loss) from sale of assets not on 6a < 8 , . line ,850 922 ~w c b Gross salmi; price for all assets on line 6a 119 F 430 , 090 . SU~+ 'ENT a d 7 Capital gain net income (from Part IV, line 2) 0 . 8 Net short-term capital gain 9 Income modifications Gross sales less returns 10a and allowances . ice.... ... ., b Less Cost of goods sold c Gross profit or (loss) 11 Other income 521 , 701 . 155 , 532 . STATEMENT i z Total . Add lines i through i i 252 , 249 107 . 9 , 821 , 311 . 13 Compensation of officers, directors, trustees, etc 3, 438 211 . 313,348 . 2,738,822 . to Other employee salaries and wages 14, 218 330 . 136 556 . 14,046,702 . 15 Pension plans, employee benefits 8 172 , 268 . 210,260 . 6 , 737 , 715 . y 16a legal fees STMT 5 387,418 . 0 . 365,054 . b Accounting fees STMT 6 137 , 150 . 0 . 142,150 . c Other professional tees STMT 7 31, 688 , 848 . 1,259 115 . 29,572,984 . 17 Interest _ 2 , 929 . ~~ 1e Taxes STMT 8 537 , 537 . 58,46 11 . 1 DCD f~ r~ 2P ~orc' 0 . 19 Depreciation and depletion STMT 18 . 2, 856 , 0 28 . ° E 20 Occupancy 1,096 , 460 . 6,10 ' 049 897 . a 21 Travel, conferences, and meetings 2 401 , 660 . 29,07 AN 1 6 2004 401,496 . 22 Printing and publications 200 , 821 . 200 833 . X 23 Other expenses STMT 9 2 670 , 493 . 296, 89 __ n r~rlr~n~ n n 71 690,252 . 0 24 Total operating and administrative a expenses . Add lines 13 through 23 67, 805 , 224 . 2,312,754 . 60 945,905 . X 25 Contributions, gifts, grants paid 2 2 9 812 644 . : 176 , 303 , 269 . 26 Total expenses and disbursements . Add lines 24 and 25 STAT121M 25 297 , 617 , 868 . 2 754 . 11` 312 237 24. 9417.4.. .. 27 Subtract line 26 from line 12 8 Excess of revenue over expenses and disbursements <45,368 ,761 . b Net investment income car negative, enter -0-) 7,508,557 . c Adjusted net Income (if negative. enter -0-) N/A fzo3 a3 LHA For Paperwork Reduction Act Notice, see the instructions . Form 990-PF(2002) 1 11531126 785095 01 2002 .06030 W.K . KELLOGG FOUNDATION 01 3 Form 990-PF (2002) W . K . KELLOGG FOUNDATION 38-1359264 Page 2 ~°dsrhedulesandamount In lhedasalpbon negmnmg oryear End of year ,p Balance Sheets column should be for end-of-year amount only (a) Book Value (b) Book Value (c) Fair Market Value 1 Cash - non-interest-bearing . .. , .. .. 138,887 . 134 846 . 134 846 . 2 Savings and temporary cash investments . .. 39,113,088 . 59 422,206 . 59 422 206 . '3 Accounts receivable 101 Less : allowance for doubtful accounts 100, 4 Pledges receivable 01 Less allowance for doubtful accounts ~ 5 Grants receivable .. , . , . , . 6 Recervables due from officers, directors, trustees, and other disqualified persons . .. .. 7 ONernotes andloans reaiwable _ _ ~ .. ' . Less' allowance for doubtful accounts 941 8 Inventories for sale or use yN 9 Prepaid expenses and deferred charges . 1,764,074 . 1 , 481,335 . 1,481,335 . a 10a Investments - U S and state government obligations . STMT 11 57,715,560 . 48 537 673 . 48 537 673 . b Investments - corporate stock . STMT 12 19,731,443 . 56,426,685 . 156,426,685 . c investments - corporate bonds . STMT . 13 64,,926, 606 . 55 889 625 . 55 889 625 . 11 Imestrwts-land buildnps .andequipment basis . 1 Las aaumulated OaDirwabon . 1 12 Investments - mortgage loans ,.. _ , 13 Investments - other . _ ,. .... 14 Land, buildings, and equipment. basis " 93,581,046. less accumulated devrecation STMT. 18 . _ " 3 0 ,20 7 , 087 . 6f3,912,441 . 63 373 959 . 63 373 959 . 15 Other assets (describe t STATEMENT 14 ) 16,413 465 . 15 082,734 . 15 082 734 . 16 Total assets to be com pleted b all filers) 363 715 564 . 400 349 063 . 400 49 , 063 . 17 Accounts payable and accrued expenses .. 5 , 119 , 501 . 6 , 121,954 . 18 Grants payable , , _ ... _ .. 119,529,583 . 173 038 ,-95-B . : 19 Deferred revenue . 20 Loans from officers, directors, trustees, end other disqualified persona . ego 21 Mortgages and other notes payable 22 Other liabilities (describe " STATEMENT 15 ) 11 378 534 . 12 727,338 . 23 Total liabilities add lines 17 through 22 136,027,618 . 191,888,250 . Organizations that follow SFAS 117, check here 1 and complete lines 24 through 26 and lines 30 and 31 . N 24 Unrestricted 217,385,192 .E 197,464,187 . 25 Temporarily restricted 10,302,754 . 10,996,626 . m 26 Permanently restricted Organizations that do not follow SFAS 117, check here 1 . E-1 . 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 a 29 Retained earnings, accumulated income, endowment, or other funds Z 30 Total net assets or fund balances _ 227 , 687 , 946 . 208,460 r 813 . 31 Total liabilities and net assets and balances 363 , 715 , 564 . 4 0 0 3 4 9 0 6 3 . ~~~ Analysis of Changes in Net Assets or Find Balances 1 Total net assets or iund balances at beginning of year- Part It, column (a), line 30 (must agree with end-of-year figure reported on prior year's return) . 227,687,946 . 2 Enter amount from Part I, line 27a <45,368,761 . > 3 Other increases not included in line 2 (itemize) " SEE STATEMENT 10 26,141,628 . 4 Add lines 1, 2, and 3 _ _ 208,460,813 . 5 Decreases not included in line 2 (itemize) 0 . 6 Total net assets or fund balances at end of year (brie 4 minus brie 5) - Part 11, column (b), line 30 08,460,813 . From 223511 990-PF (zoo2) 01-23-03 11531126 785095 01 2002 .06030 W.K . KELLOGG FOUNDATION 01 3 Form 9901PF (2002) W . K . KELLOGG FOUNDATION 38-1359264 PaQe PwLJV . Capital Gains and Losses for Tax on Investment Income (a) List and describe the kind(s) of property sold (e g , real estate, iuu (c) Date acquired (d) Date sold Vaus'e ) (mo., day, yr.) 2-story brick warehouse, or common stock, 200 shs MLC Co.) ation (mo ., day, yr la'STATEMENT 1A P VARIOUS b STATEMENT 1A P VARIOUS c STATEMENT 1A P VARIOUS d STATEMENT 30 P VARIOUS (e) Gross sales price (t) Depreciation allowed I (g) Cost or other basis (h) Gain or (loss) (or allowable) plus expense of sale (e) plus (~ minus (g) a 50,436,404 . J I ~ L V I ~ 1 J J ~ <8,832,735 . > b 60,768,611 . 61,040,964 . <272,353 . > c 8,225,075 . 7,970,909 . 254,166 . d 559,540 . e Complete only for assets shown m column (h) and owned by the foundation on 12/31/69 (I) Gains (Col. (h) gam minus (1) Adjusted basis (k) Excess of col. (i) col (k), but not less than -0-) or (f) F.M V as of 12/31/69 as of 12/31/69 over col. (j), if any Losses (from cal. (h)) a <8,832,735 . > b <272,353 . > c 254,166 . d 559 .540 . e l If am, also enter in Part I, line 7 1 2 Capital gain net income or (net capital loss) l If ?loss), enter-0- in Part I, line 7 1 <8 .291,382 .> 3 Net short-term capital gam 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 1, line 8 N/A I Fib ] 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 organization liable for the section 4942 tax on the distributable amount of any year m the base period? Yes ~ No If 'Yes,'the organization 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 .