Form 990-PF Or Section 4947(A)(1) Nonexempt Charitable Trust ^O^ O
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Return of Private Foundation OMB No 1545-0052 Form 990-PF or Section 4947(a)(1) Nonexempt Charitable Trust ^O^ O Department of the Treasury Treated as a Private Foundation Internal Revenue Service Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements For calendar year 2010 , or tax year beginning JUL 1, 2010 , and ending JUN 30, 2011 G Check all that apply initial return Initial return of a former public charity Final return Amended return 0 Address change Name change Name of foundation A Employer identification number WEINGART FOUNDATION 95-6054814 Number and street (or P O box number if mail is not delivered to street address) Room/suite B Telephone number 1055 W. 7TH STREET 13050 ( 213 ) 688-7799 El City or town , state, and ZIP code C If exemption application is pending , check here ► LOS ANGELES, CA 90017 D 1 • Foreign organizations , check here 2. Foreign organizations meeting the 85% test, H Check type of org anization X Section 501 ()()c 3 exempt private foundation check here and attach computation Section 4947 ) nonexempt charitable trust Other taxable rivate foundation (a )( 1 0 p E If private foundation status was terminated LX I Fair market value of all assets at end of year J Accounting method 0 Cash Accrual under section 507(b)(1)(A), check here ► (from Part ll, col. (c), line 16) = Other (specify) F If the foundation is in a 60-month termination (Part 1, column (o( must be on cash basis.) ► $ 718,445,607 . under section 507 ( b)( 1 ) B , check here ► Part I Analysis of Revenue and Expenses ( Revenue and (b ) Net investment (c) Adjusted net ( d ) Disburs ements (The total of amounts in columns (c), and (d) may not for charitable purposes necessarily equal the amounts in column (a)) ex pensesPenses per books income income (cash basis only) 1 Contributions , gifts, grants , etc , received 2 Check [RI] It the foundation issnot required to attach Sch B ____________________________ _____________________________ Interest and temporary 3 nvestmentss 3,007,604. 3,015,443. r2'AT ANT 2 4 Dividends and interest from secu rities 12,351,796. 13,235,072. TATEMENT 3 5a Gross rents 11, 420, 768. 11, 444, 010. TATERM 4 b Net rental income or (loss) 7,393,880. TATEMENT 5 6a Net gain or (loss) from sale of assets not on line 10 22,604,576. : PA.TEMENT 1 7 Gross sales puce for all C b assets on line 6a 151,971,870. _ ---r ^^- 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 r c ^- f• _ b Less Cost of goods sold C'4 r i c Gross profit or (loss ) • V ^- ^=t^ 3 1 1-T 11 Other income i U 316.25h'S•8.0-e" 311`386 462. 0. TATEM NT 6 o c 12 Total. Add lines 1 throug h 11 53 , 010 , 324 . 31 , 080 , 987 . 0. 13 Compensation of officers , directors, trustees, etc 1,202 , 405 . 4-99 , 854 . 0 . 702, 551 . 14 Other employee salaries and wages 556, 710. 6, 784 . 0. 549,927. 15 Pension plans , employee benefits 691,650. 168, 348. 0 . 523,302 . 16a Legalfees STMT 7 2,211. 538. 0. 1,673. C b Accounting fees STMT 8 57,865. 14,084. 0. 43,781. W c Other professional fees STMT 9 2,625,894. 2,260,691. 0. 365,203. 17 Interest 18 Taxes STMT 10 2, 202, 227. 1, 611, 670. 0. 67,664. 19 Depreciation and depletion 24, 640 . 1,546, 261 . 0 . C, 20 Occupancy 196, 108. 47,733. 0. 148,375. a 21 Travel , conferences , and meetings 82, 800. 20, 730 . 0. 62,069. ,qr 22 Printing and publications 23 Other expenses STMT 11 3 , 675 , 722. 2 , 758 , 219. 0. 134 , 458. e 24 Tota l operati ng an d a d m i n istrative r ra) expenses . Add lines 13 through 23 11,318,232. 8,934,912. 0. 2,599,003. zO 25 Contributions , gifts, grants paid 29 , 857 , 610. 331 378 r 659. 25 Total expenses and disbursements. Add lines 24 and 25 41 175 842. 8 1 934 , 912. 0. 35 977 662. 27 Subtract line 26 from line 12 P v a Excess of revenue over expenses and disbursements 11 ,834,482. b Net investment income (if negative, enter -0-) 1 22,146,075. C Adjusted net income (if negative, enter-0. 0. 1 uzioul12-07-1o LHA For Paperwork Reduction Act Notice , see the instructions . Form 990-PF (2010) 1 14560112 758461 9502 2010.05040 WEINGART FOUNDATION 9502 1 Form 990-PF (2010) WE INGART FOUNDATION 95-6054814 Paget Beginning of year Balance Sheets Ached Schedules and amounts in the descnption End of year column should be for end-of-year amounts only (a) Book Value ( b) Book Value ( c) Fair Market Value 1 Cash - non-Interest-bearing 250. 250. 250. 2 Savings and temporary cash investments 2,145,806. 4,058,317. 4,058,317. 1,026,656. 3 Accounts receivable ► 1,205,687. 1,026,656. 1,026,656. 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 STMT 14 00- 1,905,769. 0. 0. Less allowance for doubtful accounts ► 1,905,769. 2,141,622. 8 Inventories for sale or use 9 Prepaid expenses and deferred charges 1,341,706. 700,964. 700,964. 10a Investments - U S and state government obligations STMT 15 59,529,328. 72,519,272. 72,519,272. b Investments - corporate stock STMT 16 333,463,507. 408,953,260. 408,953,260. c Investments - corporate bonds 11 Investments - land, buildings , and equipment basis ► 97, 125, 001 Less. accumulated depreciation ► 98,950,002. 97,125,001. 97,125,001. 12 Investments - mortgage loans 13 Investments - other STMT 17 136,848,220. 133,984,667. 133,984,667. 14 Land , buildings , and equipment basis ► 645,278.. Less accumulated depreciation STMT 1310- 568,058. 52,993. 77,220. 77,220. 15 Other assets (describe ► 635 679 121. 718 445 607. 718 , 445 , 607. 17 Accounts payable and accrued expenses 538,223. 718,623. 18 Grants payable 9,109,834. 5,447,163. u) 19 Deferred revenue 20 Loans from officers , directors, trustees, and other disqualified persons 2 21 Mortgages and other notes payable 18 J 22 Other liabilities (describe ► STATEMENT 2 , 616 , 198. 1 4 , 113 , 848.. 23 Total liabilities (add lines 17 throuah 22 12,264,255. 10,279,634. Foundations that follow SFAS 117, check here ► and complete lines 24 through 26 and lines 30 and 31. 24 Unrestricted 623,414,866.1708,165,973. a 25 Temporarily restricted to m 26 Permanently restricted Foundations that do not follow SFAS 117, check here ► LL 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 a 29 Retained earnings, accumulated income, endowment, or other funds z 30 Total net assets or fund balances 623,414,866. 708,165,973. 31 Total liabilities and netassets/fund balances 635 , 679 , 121. 718 445 607. pert 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 ) 1 623,414,866 . 2 Enter amount from Part I , line 27a 2 11,834,482 . 3 Other increases not included in line 2 ( Itemize ) ► UNREALIZED GAIN ON INVESTMENTS 3 72 , 916 , 625. 4 Add lines 1 , 2, and3 4 708,165,973. 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 6 708 , 165 , 973 . Form 990-PF (2010) 023511 12-07-10 2 14560112 758461 9502 2010.05040 WEINGART FOUNDATION 9502 1 Form 990-PF (2010) WEINGART FOUNDATION 95-6054814 Page 3 Part tY Capital Gains and Losses for Tax on Investment Income (a) List and describe the kind(s) of property sold (e g real estate , (b How acquired (c Date acquired ( d) Date sold - Purchase 2-story brick warehouse, or common stock, 200 shs MLC Co ) D - Donation (mo , day, yr) (mo , day, yr ) 1a b SEE ATTACHED STATEMENTS C d e Depreciation allowed or other basis ( h) Gain or (loss) (e) Gross sales price (f) (g) Cost (or allowable ) plus expense of sale (e) plus (f) minus (g) a b c d e 152,159,864. 1 1 165,843,648. <13,683,784. Complete only for assets showing gain in column (h) and owned by the foundation on 12/31 /69 (I) Gains (Col (h) gain minus (I) Adjusted basis (k) Excess of col. (i) col ( k), but not less than -0-) or Losses (from col (h)) (I) F M V as of 12/31/69 as of 12/31/69 over col (1), if any a b c d e <13,683,784. 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 <13 , 683 , 784. 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 Fort V ] Qualltlcatlon Under Section 494U (e) Tor 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? Yes 0 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.