Form 990-PF Return of Private Foundation
Total Page:16
File Type:pdf, Size:1020Kb
Return of Private Foundation OMB No 1545-0052 Form 990-PF or Section 4947(a)(1) Nonexempt Charitable Trust Department of the Treasury Treated as a Private Foundation Internal Revenue S°""" Nato : The organization may be able to use a copy of this return to satisfy state reporting 2004 For calendar year 2004, or tax year beginning MAR 1 , 2004 , and ending ., , G Check all that apply. Initial return Final return Amended return Address change Name Use the IRS Name of organization Employer identification number label otherwise, HB CALIFORNIA ENDOWMENT 95-4523232 print Number and street (or P 0 box number d mad is not delivered to street address) Foom/swte B Telephone number ortype. 1650 OXNARD STREET 1200 I 818-703-3311 See Specifi City or town, state, and ZIP code C K exemption application is pending, check here ,U Instructions . OODLAND HILLS, CA 91367 D 1. Foreign organizations, check here Mo.= 2. Foreign organizations meeting the 85% test, , H Check type of organization Section 501(c)(3) exempt private foundation check here and attach computation trust Other taxable private foundation Section 4947(a)(1) nonexempt charitable E-] E If private foundation status was terminated I Fair market value of all assets at end of year J Accounting method: Cash -Accrual under section 507(b)(1)(A), check here 10 (from Part 1J, col. (c), line 16) E~] Other (specify) F If the foundation is in a 60-month termination 1$ 3 , 7 2 9 , 5 71 , 5 2 4 . (per t, column (d) must be on cash basis under section 507(b)(1)(B), check here 1 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 pure ses necessarily equal me amounts m column (a)) expenses per books income income (cash basis on] 1 Contributions, gifts, grants, etc_, received N/A 2 Check, X d the foundation a not required to attach Sch B int er es t and temporary 3 investment s 23,836,297 . 23, 836,29 4 Dividends and interest from securities 54,531,832 . 56, 176,47 5a Gross rents b Net rental income or (loss) Net gam a (loss) from sale o assets no on 6a line 10 )129,442,000 . .1 Iss prim for all b assstss~on line 6a 4409397797 . 7 Capital gain net income (from Part IV, line 2) 131,238,63 8 Net short-term capital gain 9 Income modifications Gross sales less returns 0fl and allowances b less Cost of goods sold c Gross profit or (loss) 11 Other income 0 . 996,14 , . STATEMENT 1 12 Total. Add lines 1 through 11 2 0 7 , 8 10 , 12 9 . 212 , 2 4 7 , 5 5 6 . 13 Compensation of oH~cers, directors trustees etc 2, 373 , 307 . 289 , 7 8 5 . 2,092,522 . 14 Other employee salaries and wages 10, 641, 723 . 213 , 8 8 5 . 10,471,270 . 15 Pension plans, employee benefits 3, 753 , 495 . 130 , 6 8 8 . 3,259,441 . a tsa Legal fees S'T'MT 2 441,321 . 1 90,59 4 . 354,892 . b Accounting tees STMT 3 166,045 . 3 2 6 . 166,045 . ees STMT 4 12,558,160 . 11,694,39 3 . 1,782,237 . __ <95,51 9 . STMT 5 6,799,575 . 0. 0 . 1,461,882 . 0. r 3,571,656 . 1. 3,447,015 . s 1,061,303 . 6. 888,291 . 377,619 . 0. 281,338 . 23 other expenses STMT 6 19,568,126 . 8. 14,766,607 . c 24 Total operating and administrative CT-, expenses. Add pines 13 through 23 62,774,212 . 12,622,677 . 137,509,658 . a 15 0 ,3 6 6,159 . 1153,242,789 W 25 contributions, gifts grants paid . v~ 26 Total expenses and disbursements . Add lines 24 and 25 213,140,371 . 12,622,677 . 190,752,447 . 27 Subtract lire 26 from line 12. $ E ~cess of revenue over expenses and disbursements <5 ,330,242 . > s! b NCB investment income (if negative, enter -0-) 199,624 ,879 . c Adjusted net income (ifnegative, enter -0-1 N/A 'f`g LHA For Privacy Act and Paperwork Redaction Act Notice, seethe instructions . Form 990-PF (2004) 43501 01-0.3-OS 1 18340831 099936 95-4523232 2004 .05070 THE CALIFORNIA ENDOWMENT 95-45231 0 0 Form 990-PF (2004) THE CALIFORNIA ENDOWMENT 95-4523232 Page 2 Beginning of year End of year Balance Sheets otun should be for~eodof-year la amounts only on (a) Book Value (b) Book Value (c) Fair Mantel Value 1 Cash - non-interest-bearing 11,143,383 . 2 Savings and temporary cash investments 211,459,409 . 292,299,980 . 292,299,980 . 3 Accounts receivable Less: allowance for doubtful accounts 01, 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 roans receivable 1 2 0,000,000 . Less: allowance for doubtful accounts " 20,824,771 . 20,000,000 . 20,000,000 . 8 Inventories for sale or use s Prepaid expenses and deferred charges 1,701,855 . 1,551,168 . 1,551,168 . a toa Investments -U.S. and state government obligations STMT 7 221,962,552 . 217,282,642 . 217,282,642 . b Investments -corporate stock _ STMT 8 2473035128 . 2474332609 . 2474332609 . c investments - corporate bonds STMT 9 399,567,947 . 298,761,284 . 298,761,284 . 11 Investments-land buildings and equipment basis 101. Less accumulated depreciation 1111'. 12 Investments - mortgage loans 13 investments-other STMT 10 125,755,816 . 315,579,740 . 315,579,740 . 14 Land, buildings, and equipment basis " 56, 4 27 , 07 4 . Less accumulated depreciation t 8,706,995 . 21,662,547 . 47,720,079 . 47,720,079 . 15 other assets (describe " STATEMENT 11) 85,311,873 . 62,044,022 . 6 2 , 0 4 4 , 0 2 2 . is Total assets to be completed by all filers 3572425281 . 3729571524 . 3729571524 . 17 Accounts payable and accrued expenses 13 , 7 9 0 , 3 3 9 . 27, 1 5 6 ,352 . 1s Grants payable 97,620,752 . 94,744,122 . m 19 Deferred revenue ~N 20 Loans from officers, directors, trustees, and other disqualified persons 21 Mortgages and other notes payable 5,401,120 . 5,401,120 . J 22 other liabilities (describe t STATEMENT 12 ) 94,602,064 . 97,292,219 .. 23 Total liabilities add fines 17 through 22) 211,414,275 . 224,593,813 . Organizations that follow SFAS 117, check here " L and complete lines 24 through 26 and lines 30 and 31 . 24 Unrestricted 3361011006 . 3504977711 . 25 Temporarily restricted m 26 Permanently restricted Organizations that do not follow SFAS 117, check here "- and complete lined 27 through 31. °0 27 Capital stock, trust principal, or current funds y 28 Paid-in or capital surplus, or land, bldg., and equipment fund N a 29 Retained earnings, accumulated income, endowment, or other funds Z 30 Total net assets or fund balances 3361011006 . 3504977711 . 31 Total liabilities and net assetaffund balances 3 572425281 . 3729571524 .1 pa,t111Analysis of Changes in Net Assets or Fund Balances 1 Total net assets or fund balances at beginning of year - Fart II, column (a), line 30 (must agree with end-of-year figure reported on prior year's return) 3361011006 . 2 Enter amount from Part I, line 27a <5,330,242 .> 3 Other increases not included m line 2 (itemize) " UNREALIZED GAIN 49,296 947 . 4 Add lines 1, 2, and 3 3504977711 . 5 Decreases not included m line 2 (itemize) 0 . 6 Total net assets or fund balances at end of vear (line 4 minus line 5) - Part II. column (b1. 3504977711 . Form 423511 990-PF (2004) 07-03-05 G 18340831 099936 95-4523232 2004 .05070 THE CALIFORNIA ENDOWMENT 95-45231 0 0 Form 990-PF (2004) THE CALIFORNIA ENDOWMENT 95-4523232 Page 3 -Part IV Capital Gains and Losses for Tax on Investment income (a) List and describe the kind(s) of property sold (e.g., real estate, pp ow acqwrea (c) Date acqwred (d) P - Purchase Date sold 2-story brick warehouse ; or common stock, 200 shs . MLC Co.) D - Donation Imo., day, yr.) (mo., day, yr.) is SEE ATTACHED STATEMENT 14 P VARIOUS VARIOUS b c d e (e) Gross sales price (f) Depreciation allowed (g) Cost or other basis (h) Gam or (loss) (or allowable) plus expense of sale (e) plus (f) minus (g) a4,409,397,797 . 4,278,159,163 . 131,238,634 . b c d e Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (I) Gains (Col (h) gam minus (1) Adjusted basis (k) Excess of col. (Q col. (k), but not less than -0-) or (i) F.M .V. as of 12/31/69 as of 12/31/69 over col. (1), if any Losses (from col. (h)) a 131,238,634. b c d e If am, also enter in Part I, line 7 2 Capital gain net income or (net capital loss ) . ~ If ?loss), enter -o- in Part I, pine 7) 2 131,238,634 . 3 Net short-term capital gam or (loss) as defined in sections 1222(5) and (6) : If gam, also enter m Part I, line 8, column (c). If (loss), enter -0- m Part I, line 8 3 N/A I tart v I uuanricaiion unaer beciion 4V4u(e) roe rseaucea 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.