Ruderman Family Foundation 04-3334973
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efile GRAPHIC rint - DO NOT PROCESS As Filed Data - DLN:93491322002009 OMB No 1545-0052 Form990-PF Return of Private Foundation DepJrtmc-nt of the TreJ~uT"\ or Section 4947(a)(1) Trust Treated as Private Foundation Intem~d Re\ C"nuC" ~ef\ Ice 2018 ~ Do not enter social security numbers on this form as it may be made public. ~ Go to www.irs.qov/Form990PFfor instructions and the latest information. Open to Public Inspection For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018 Name of foundation A Employer IdentIfIcatIon number RUDERMAN FAMILY FOUNDATION 04-3334973 Number and street (or PObox number If mall IS not delivered to street address) I Room/suite B Telephone number (see instructions) 2150 WASHINGTON STREET (617) 559-9919 City or town, state or province, country, and ZIP or foreign postal code NEWTON, MA 02462 C If exemption application IS pending, check here ~ D G Check all that apply D Initial return D Initial return of a former publiC charity D 1. Foreign organIZations, check here ~ D D Final return D Amended return 2 Foreign organizations meeting the 85% test, check here and attach computation ~ D D Address change D Name change E If private foundation status was terminated H Check type of organization ~ Section 501(c)(3) exempt private foundation under section 507(b)(1)(A), check here ~ D D Section 4947(a)(1) nonexempt charitable trust D Other taxable private foundation I Fair market value of all assets at end J Accounting method ~ Cash D Accrual F If the foundation IS In a 60-month termination of year (from Part II, col (c), under section 507(b)(1)(8), check here ~ D Other (specify) Ime 16) ~$ 177,550,381 D (Part I, column (d) must be on cash basIs) Analysis of Revenue and Expenses (The total (d) Disbursements (a) Revenue and (b) Net Investment (c) Adjusted net for charitable 'W" of amounts In columns (b), (c), and (d) may not necessarily expenses per Income Income purposes equal the amounts In column (a) (see instructions) ) books (cash basIs only) 1 Contributions, giftS, grants, etc, received (attach schedule) 1,000 2 Check ~ ~ If the foundation IS not required to attach Sch B 3 Interest on savings and temporary cash Investments 363,149 363,149 4 DIvidends and Interest from seCUrities 7,507,960 7,507,960 Sa Gross rents b Net rental Income or (loss) CIl 6a Net gain or (loss) from sale of assets not on line 10 2,146,477 2 CIl b Gross sales price for all assets on line 6a > 38,132,434 CIl a: 7 Capital gain net Income (from Part IV, line 2) 2,146,477 8 Net short-term capital gain 9 Income modifications lOa Gross sales less returns and allowances I b Less Cost of goods sold I c Gross profit or (loss) (attach schedule) 11 Other Income (attach schedule) ~ 5,000 0 12 Total. Add lines 1 through 11 10,023,586 10,017,586 13 Compensation of officers, directors, trustees, etc 456,173 0 410,556 14 Other employee salaries and wages 548,166 0 493,349 ,J'> 15 Pension plans, employee benefits 176,849 0 159,164 CIl ,J'> 16a Legal fees (attach schedule) ~ 29,470 0 26,523 ~ b Accounting fees (attach schedule) ~ 39,188 0 35,269 )( L.iJ c Other profeSSional fees (attach schedule) ~ 289,641 289,641 0 CIl > Z; 17 Interest ~ 18 317,256 47,144 63,151 'J( Taxes (attach schedule) (see instructions) ~ 19 Depreciation (attach schedule) and depletion =..... "0 20 Occupancy 67,919 0 67,919 c::( 21 Travel, conferences, and meetings 104,160 0 93,744 "0..... Printing and publications (':l 22 g. 23 Other expenses (attach schedule) ~ 889,147 0 873,872 ...- (':l 24 Total operating and administrative expenses • ~ Add lines 13 through 23 2,917,969 336,785 2,223,547 0 25 Contributions, giftS, grants paid 5,938,854 5,938,854 26 Total expenses and disbursements. Add lines 24 and 25 8,856,823 336,785 8,162,401 27 Subtract line 26 from line 12 a Excess of revenue over expenses and disbursements 1,166,763 b Net investment income (If negative, enter -0-) 9,680,801 c Adjusted net income (If negative, enter -0-) For Paperwork Reduction Act Notice, see instructions. Cat No 11289X Form 990-PF (2018) Form 990-PF (2018) Page 2 Balance Sheets Attached schedules and amounts In the description column Beginning of year End of year lillill should be for end-of-year amounts only (See instructions) (al Book Value (bl Book Value (el Fair Market Value 1 Cash-non-I nterest-bea ring 2 Savings and temporary cash Investments 1,263,484 1,215,384 1,215,384 3 Accounts receivable ~ 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 (attach schedule) (see instructions) 7 Other notes and loans receivable (attach schedule) ~ Less allowance for doubtful accounts ~ oJ' 8 Inventories for sale or use OJ -oJ' 9 Prepaid expenses and deferred charges oJ' <t lOa Investments-U S and state government obligations (attach schedule) b Investments-corporate stock (attach schedule) 135,449,028 ~ 127,643,535 144,362,068 c Investments-corporate bonds (attach schedule) 22,721,333 ~ 31,349,609 31,502,929 11 Investments-land, bUildings, and equipment basIs ~ Less accumulated depreciation (attach schedule) ~ 12 Investments-mortgage loans 13 Investments-other (attach schedule) 478,587 ~ 470,000 470,000 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) 159,912,432 160,678,528 177,550,381 17 Accounts payable and accrued expenses. 18 Grants payable oJ' OJ 19 Deferred revenue E 20 Loans from officers, directors, trustees, and other disqualified persons .0 r.; 21 Mortgages and other notes payable (attach schedule). ..:J 22 Other liabilities (deSCribe ~ ) ~ 3,241 ~ 23,077 23 Total liabilities(add lines 17 through 22) 3,241 23,077 Foundations that follow SFAS 117, check here ~ oJ' D OJ and complete lines 24 through 26 and lines 30 and 31. ~ r.; 24 Unrestricted r.; CO 25 Temporarily restricted ...'-' 26 Permanently restricted ~ .... Foundations that do not follow SFAS 117, check here ~ ~ 0 and complete lines 27 through 31. oJ' 27 Capital stock, trust prinCipal, or current funds OJ -,J\ ° ° ,J\ 28 Paid-in or capital surplus, or land, bldg, and equipment fund <t ° ° 29 Retained earnings, accumulated Income, endowment, or other funds 159,909,191 160,655,451 OJ Z- 30 Total net assets or fund balances (see instructions) 159,909,191 160,655,451 31 Total liabilities and net assets/fund balances (see instructions) 159,912,432 160,678,528 I:r. Ii..". 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) 1 159,909,191 2 Enter amount from Part I, line 27a 2 1,166,763 3 Other Increases not Included In line 2 (Itemize) ~ 3 4 Add lines 1, 2, and 3 4 161,075,954° 5 Decreases not Included In line 2 (Itemize) ~ ~ 5 420,503 6 Total net assets or fund balances at end of year (line 4 minus line 5)-Part II, column (b), line 30 6 160,655,451 Form 990-PF (2018) Form 990-PF (2018) Page 3 .MiN Capital Gains and Losses for Tax on Investment Income (b) (e) (d) (a) List and describe the klnd(s) of property sold (e g , real estate, How acquired Date acquired Date sold 2-story brick warehouse, or common stock, 200 shs MLC Co ) P-Purchase (mo , day, yr ) (mo , day, yr ) D-Donatlon 1 a NORTHERN TRUST #6858 P 2018-12-31 b NORTHERN TRUST #6858 P 2018-12-31 e FROM K-l PRIVATE EQUITY PORTFOLIO FUND II P 2018-12-31 d CAPITAL GAINS DIVIDENDS P e (f) (g) (h) (e) Depreciation allowed Cost or other basIs Gain or (loss) Gross sales price (or allowable) plus expense of sale (e) plus (f) minus (g) a 9,379,007 9,600,447 -221,440 b 28,531,224 26,385,315 2,145,909 e -195 d 222,203 222,203 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 -221,440 b 2,145,909 e -195 d 222,203 e I 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 I I 2 2,146,477 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 ( 3 '@A 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? D Yes ~ No If "Yes," the foundation does not gualify 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 (a) (d) Base penod years Calendar (b) (e) Net value of nonehantable-use assets Dlstnbutlon ratio year (or tax year beginning In) Adjusted qualifYing dlstnbutlons (col (b) divided by col (e)) 2017 7,938,492 177,635,178 0044690 2016 6,980,793 172,321,234 o 040510 2015 8,182,324 175,490,624 0046625 2014 6,172,592 159,035,506 o 038813 2013 5,495,420 117,163,864 0046904 2 Total of line 1, column (d) 2 o 217542 3 Average distribution ratio for the 5-year base period-divide the total on line 2 by 5 0, or by the number of years the foundation has been In eXistence If less than 5 years 3 0043508 4 Enter the net value of noncharltable-use assets for 2018 from Part X, line 5 4 180,165,060 5 Multiply line 4 by line 3 5 7,838,621 6 Enter 1 % of net Investment Income (1 % of Part I, line 27b) 6 96,808 7 Add lines 5 and 6 7 7,935,429 8 Enter qualifYing distributions from Part XII, line 4 , 8 8,162,401 If line 8 IS equal to or greater than line 7, check the box In Part VI, line lb, and complete that part uSing a 1 % tax rate See the Part VI instructions Form 990-PF (2018) Form 990-PF (2018) Page 4 .:F.r.Iil".