990-PF Return of Private Foundation
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Return of Private Foundation OMB No 1545-0052 Form 990-PF or Section 4947( a)(1) Nonexempt Charitable Trust Department of the 7reesury Treated as a Private Foundation Internal Revenue Service' Note : The foundation may be able to use a copy of this return to satisfy state reg 2@07 For calendar y ear 2007 , or tax y ear beg innin g , 2007, and ending G Check all that apply Init ial return Final return Amended return Address change Name change Name of foundation A Employer Identification number Use the IRS label. GEICO PHILANTHROPIC FOUNDATION 52-1202740 Otherwise , Number and street (or P 0. box number if mail is not delivered to street address) Room/suite BT.I.phon e numb.r (... p.s. 10 of t e bobucbore) print or type. 5260 WESTERN AVE, C/0 CORPORATE TAX DEPARTMENT See Specific 301-986-2185 City or town, state, and ZIP code C If exemption application is ► I nst ructions . pending, check hers D 1. Foreign organizations , check here , 00. CHEVY CHASE, ? 20815 2 Foreign organizations meeting the omt u tat oh ec . here end attach . D H Check type of organization X Section 501 (c )( 3 ) exempt privaterivate foundation comp uet lon Section 4947 ( a )( 1 ) nonexem p t charitable trust Other taxable p rivate foundation E If private foundation status was terminated I Fair market value of all assets at end J Accounting method Cash X Accrual under section 507 (b)(1)(A) • ch eck h e re . ► of year (from Part Il, col. (c) , line El Other (specify) _ _ _ _ _ _ _ _ _ _ _ F It the foundation is In a 60-month termination (Part 1, column (d) must be on cash basis) 16) ► $ 5 0 , 5 61, 02 7 under section 5o7(b)(txa), check here . ► Analysis of Revenue and Expenses (The (d) Disbursements of (a) Revenue and (b) Net investment (c) Adjusted net for charitable total amounts in columns (b), (c), and (d) expenses ma y not necessarily equal the amounts in per income income purposes y books column (a) (see page 11 of the Instructions).) (cash basis only) I Contributions Ifts. grants , etc • received (attach schedule ) 8,653,786 if the foundation is not required to 2 Check lop attach Sch B 3 Interest on savings and temporary cash investments 1,818,217 1,818,217 4 Dividends and interest from securities • • • - S a Gross rents . b Net rental income or (loss) o 6a Net gain or (loss) from sale of assets not on line 10 3,159,024 m b Gross sales price for all assets on tine 6a 4,176,451 7 Capital gain net income (from Part IV, line 2) 3,159,024 8 Net short-term capital gain . 9 Income modifications . 10 a Gross sales less returns and allowances b Less Cost of goods sold . c Gross profit or (loss) (attach schedule) . 11 Other income (attach schedule) . 44,381 12 Total. Add lines 1 throu g h 11 13, 675, 408 4,977,241 N/A O 13 Compensation of officers, directors, trustees, etc O 14 Other employee salaries and wages N 15 Pension plans, employee benefits , • . , m 16a Legal fees (attach schedule) . , , . .1 b Accounting fees (attach schedule) . c Other prof" u e , m 17 Interest. , , , ° ` . I 18 Taxes (attach schedule) ( see page 14 of the instrycuUa g) 9 9 , 5 4 5 19 Deprecla ltM (att IhJ^^hedt e! r _d'depll, Q E Q 20 Occupancy. , , , y , . ch , a a 21 Travel, confe ehces and e^^ting s . t 22 Printing nda pubh alions M 23 Other expenses (attach schedule) . 24 Total operating and administrative expenses. di 0. Add lines 13 through 23 99,545 25 Contributions, gifts, grants paid . , , . , 4,525,247 4,407,772 26 Total exp enses and disbursements Add lines 24 and 25 4,624,792 4,407,772 27 Subtract line 26 from line 12 a Excess of revenue over expenses and disbursements 9,050,616 b Net Investment income (if negative, enter -0-) 4,977,241 '' c Adj usted net income ( if neg ative . enter -0- ) . 0 For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions. Form 990-PF (2007) JSA 7E1410 4 000 Form 990-PF(2007'i Pane 2 Attached schedules and amounts in the Beginning of year End of year B a l ance Sh eets description column should be for end-of-year amounts only (See instructions) (a) Book Value (b) Book Value (c) Fair Market Value 1 Cash - non-interest-bearing . 282,856 27 , 105 27,105 2 • Savings and temporary cash investments , , . _ , 3 Accounts receivable 8,500,000 ►------------------------ Less allowance for doubtful accounts 9,400,000 8,500,000 8,500,000 ► ------------- 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 page 16 of the instructions) 7 Other notes and loans receivable (attach schedule) ► _ _ - Less. allowance for doubtful accounts ► 8 Inventories for sale or use N 9 Prepaid expenses and deferred charges . _ W 10 a Investments - U S and stale government obligations (attach schedule) b Investments - corporate stock (attach schedule) , , , , , , , , c Investments - corporate bonds (attach schedule), , , , , , , , 34, 175, 964 42, 016, 550 42, 016, 550 11 Investments - land, buildings, ► and equipment basis ------------------ Less accumulated depreciation ► (attach schedule) ------------------- 12 Investments - mortgage loans . 13 Investments - other (attach schedule) , , , , , , , , , , , , , 14 Land, buildings, and ► equipment basis ------------------ Less accumulated depreciation ► (attach schedule) -------------------- 14,474 17,372 17,372 15 Other assets (describe ► ------------------ - - ) 16 Total assets (to be completed by all filers - see the instructions Also, see page 1, item 1) , 43, 873, 294 50, 561, 027 50, 561, 027 17 Accounts payable and accrued expenses . , , , , , , . 1,740,625 1,858,100 18 Grants payable ,,,,,,,,, 19 Deferred revenue , , , , , , , , , , , , , , , , , , , , , 20 Loans from officers, directors, trustees, and other disqualified persons 21 Mortgages and other notes payable (attach schedule) , , , , , 22 Other liabilities (describe ) 23 Total liabilities (add lines 17 through 22) . 1,740,625 1,858,100 Foundations that follow SFAS 117, check here ► X and complete lines 24 through 26 and lines 30 and 31. 2) 24 Unrestricted . 34, 659, 055 41,221,802 25 Temporarily restricted , , , , , , , , , , , , 7, 323, 614 7,331,125 m 26 Permanently restricted . .. 150, 000 150,000 CC Foundations that do not follow SFAS 117, q LL_ check here and complete lines 27 through 31. ► o 27 Capital stock, trust principal, or current funds . , , , , , , , 28 Paid-in or capital surplus, or land, bldg , and equipment fund , , , , , N 29 Retained earnings, accumulated income, endowment, or other funds 30 Total net assets or fund balances (see page 17 of the z instructions) , , , , , , , , , , , , , , , , , , , , , , , , 42, 132, 669 48, 702, 927 31 Total liabilities and net assets/fund balances (see page 17 of the instructions). 43,873,294 50,561,027 Analysis of Chan ges in Net Assets or Fund Balances I 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 42,132,669 2 Enter amount from Part I, line 27a ...................... ... ..... ..... 2 9,050,616 3 Other increases not included in line 2 (itemize) 3 ►------------------------------------- 4 Add lines 1, 2, and 3 4 51,183,285 5 Decreases not included in line 2 (itemize) ► _ ______ 5 2,480,358 6 Total net a ssets or fund balances at end of year (line 4 minus line 5) - Part II, column (b), line 30 . 6 48,702,927 JSA Form 990-PF (2007) 7E14202000 Form 990-PF (2007 ) Page 3 OKM Capital Gains and Losses for Tax on Investment Income How (c) Date (a) List and describe the kind(s) of property sold (e g , real estate , acquired acquired Id) Date sold P-Pur mo, day, 0 -Donaesenellon (mo yr ) 2-stor y brick warehouse, or common stock, 200 shs MLC Co ) •Do , da y , yr ) 1a COMMON STOCK, 75,150 shs. IRON MOUNTAIN, INC. P 10 / 07/02 11/09/07 b COMMON STOCK, 64,900 shs. WESTERN UNION P 10 13 / 98 11/09/07 C d e Depreciation allowed (g) Cost or other basis (h) Gain or (loss) (e) Gross sales price (f) (or allowable) plus expense of sale (e) plus (f) minus (g) a 2,730,488 707,121 2,023,367 b 1,445,963 310,306 1,135,657 C d e Com p lete onl y for assets s howing gain in column (h ) and owned by the foundation on 12/31/69 (I) Gains (Col (h) gain minus Adjusted basis (k) Excess of col (I) col (k), but not less than -0-) or i F M V. as of 12/31/69 U) () as of 12/31/69 over col Q), if any Losses (from col (h)) a 2,023,367 b 1,135,657 C d e 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 3,159,024 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 pages 13 and 17 of the instructions) If (loss), enter -0- In Part I, line 8. 3 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' Yes No If "Yes ," the foundation does not qualify under section 4940 ( e) Do not complete this part I Enter the appropriate amount in each column for each year, see page 18 of the instructions before making any entries Base period years Distribution ratio Calendar year (or tax year beginning In) Adjusted qualifyingbdistributions Net value of nonchantabte-use assets (col (b) divided by col (c)) 2006 3,820,875 33,835,232 0.1129 2005 3,642,919 29,249,321 0.1245 2004 3,493,476 26,705,097 0.1308 2003 3,825,122 25,738,985 0.1486 2002 2,929,222 24,651,479 0.1188 2 Total of line 1, column (d) 2 0.6356 3 Average distribution ratio for the 5-year base period - divide the total on line 2 by 5, or by the number of years the foundation has been in existence if less than 5 years • • • , , , , , , 3 0.1271 4 Enter the net value of noncharitable-use assets for 2007 from Part X, line 5 4 40,722,797 5 Multiply line 4 by line 3 .