Fom, 990-PF Or Section 4947(A)(1) Trust Treated As Private Foundation Do Not Enter Social Security Numbers on This Form As It May Be Made Public
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Return of Private Foundation Fom, 990-PF or Section 4947(a)(1) Trust Treated as Private Foundation Do not enter social security numbers on this form as it may be made public. 2015 Department of the Treasury ► www Internal Revenue Service ► Information about Form 990-PF and its separate instructions is at For calendar year 2015 or tax year beginning 2015, and endin g . 20 Name of foundation A Employer identification number GLAXOSMITHKLINE FOUNDATION 23-2120418 Number and street ( or P o box number if mail is not delivered to street address ) Room /suite B Telephone number ( see instructions) 5 CRESCENT DRIVE, NY0200 (215) 751-3684 City or town, state or province, country, and ZIP or foreign postal code q C If exemption application is ► pending , check here . PHILADELPHIA, PA 19112 G Check all that apply Initial return Initial return of a former public charity Foreign D I organizations , check here. , ► Final return Amended return 2 Foreign organizations meeting the check here a nd attach ► Address change Name change computation , H Check type of organization X Section 501( c)(3) exempt private foundation E If private foundation status was terminated Section 4947 ( a )( 1 ) nonexempt charitable trust Other taxable p rivate foundation under El section 507(b )(1)(A), check here . ► 1 Fair market value of all assets at J Accounting method Cash X Accrual F If the foundat i on is in a 60-month termination end of year (from Part ll, col. (c), line Other (specify) under section 507(b )(1)(B), check here ► 3,027. column must 16) ► $ (Part1, (d) be on cash basis) (d) Disbursements Analysis of Revenue and Expenses (The (a) Revenue and and (b) Net investment (c) Adjusted net for charitable total of amounts in columns (b), (c), (d) expe n ses per may not necessarily equal the amounts in income income purposes books column (a) (see instructions ) ( cash basis only) 1 Contributions , gifts, grants , etc , received ( attach schedule ) , 3,155,327. the foundation is not required to 2 Check if ► attach Sch B . 3 Interest on savings and temporary cash investments. 4 Dividends and interest from securities . 5a Gross rents . Vim b Net rental income or (loss) 4) 6a Net gain or (loss ) from sale of assets not on line 10 cy b Gross sales puce for all assets on line 6a 7 Capital gain net income (from Part IV, line 2) . 0. short U 8 Net - term capital gain . W 9 Income modifications . 10a Gross sales less returns and allowances . Q1 LU b Less Cost of goods sold . Z c Gross profit or (loss) (attach schedule) . , , , 11 Other income ( attach schedule) , U 12 Total . Add lines 1 through 11 3, 155,327. 0. N 13 Compensation of officers , directors , trustees, etc 0 • to W 14 Other-employee-selarngsand:ovage 15 Pension plaris, employee benefits . W 16a Legal fees( attachschedule) , U b Accounting fees ( ttach schedule ) , ^j a) IGI VIII y yltji c Otheruprofesslona fees attach sched ule). 17 Interest J_.....- . 18 Taxes ( attach ed l),(see Insttrucbons)l £ 19 Depreclatiori( attachschedule ) and depletion. a 20 Occupancy . 21 Travel , conferences , and meetings . 22 Printing and publications . Cr, 23 Other expenses ( attach schedule ) . 24 Total operating and administrative expenses. 0) Add lines 13 through 23. 0 O 25 Contributions , gifts, grants paid . 3, 171, 320. 3 , 183, 095 26 Total expenses and disbursements Add lines 24 and 25 3,171,320. 3 , 183, 095 27 Subtract line 26 from line 12 a Excess of revenue over expenses and d i sbursements -15 ,993. b Net investment income ( if negative , enter -0-) 0. 1 c Adjusted net income ( if negative, enter -0-). JSA For Paperwork Reduction Act Notice , see instructions . Form 99 -PF (2015) 5E1410 1 000 8991BS 1301 V 15-7F 2644062 (\j^ PAGE 3 Form 990-PF (2015 ) GLAXOSMITHKLINE FOUNDATION 23-2120418 Page 2 Attached schedules and amounts in the Beginning of year End of year Balance Sheets description column should be for end-of-year amounts only ( See instructions ) (a) Book Value ( b) Book Value (c) Fair Market Value I Cash - non-interest-bearing . 3,027. 3,027. 3 , 027 2 Savings and temporary cash investments . 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 ► 8 Inventories for sale or use. U) 9 Prepaid expenses and deferred charges . 10a Investments - U S and state government obligations ( attach schedule), b Investments - corporate stock (attach schedule ) . c Investments - corporate bonds ( attach schedule ). 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 111N. 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 ) 3,027. 3,027. 3 , 027 17 Accounts payable and accrued expenses . 86,331. 102,324. 18 Grants payable . 1,283,350. 1,283,350. 19 Deferred revenue . 20 Loans from officers, directors , trustees , and other disqualified persons. 5 21 Mortgages and other notes payable ( attach schedule) . 22 Other liabilities ( describe ► 23 Total liabilities ( add lines 17 through 22) , 1,369,681. 1,385,674. Foundations that follow SFAS 117 , check here. ► X and complete lines 24 through 26 and lines 30 and 31. 24 Unrestricted . -1, 366, 654 . -1,382,647. M 25 Temporarily restricted . 26 Permanently restricted . q Foundations that do not follow SFAS 117, ► 6. check here and complete lines 27 through 31. N 27 Capital stock , trust principal , or current funds . y 28 Paid-in or capital surplus, or land, bldg , and equipment fund. U) 29 Retained earnings , accumulated income, endowment , or other funds 30 Total net assets or fund balances (see instructions ) , , 1, 3 6 6 , 6 54 . 1 , 3 82 , 64 7 . Z 31 Total liabilities and net assets /fund balances (see instructions ) . ........................ 3,027. 3,027. Anal sis 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 -1,366,654 2 Enter amount from Part I, line 27a . 2 -15 , 993 3 Other increases not included in line 2 ( itemize ) ►- 3 4 Add lines 1 , 2, and 3 . 4 -1,382,647 5 Decreases not included in line 2 ( itemize) ► 5 6 Total net assets or fund balances at end of year ( line 4 minus line 5 - Part II, column ( b ) , line 30 6 -1,382,647 Form 990-PF (2015) JSA 5 E 1420 1 000 8991BS 1301 V 15-7F 2644062 PAGE 4 GLAXOSMITHKLINE FOUNDATION 23-2120418 Form 990-PF ( 2015) Page 3 MUM Capital Gains and Losses for Tax on Investment Income (b) How (a) List and describe the kinds of property sold a real estate, (c) Date C) () ( g acquired acquired (d) Date sold warehouse, or common stock, 200 shs MLC Co) P-Purchase (mo , day, yr ) 2-story brick D - Donation (mo , day, yr ) 1a b c d e (f) Depreciation allowed (g) Cost or other basis (h) Gain or (loss) (e) Gross sales price (or allowable) plus expense of sale (e) plus (f) minus (g) a b c d e Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (1) Gains (Col (h) gain minus Adjusted basis (k) Excess of col (1) col (k), but not less than -0-) or (i) F M V as of 12/31/69 G) as of 12/31/69 over col 0), if any Losses (from col (h)) a b 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 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 9MM 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 X No If "Yes," the foundation does not qualify under section 4940 ( e). Do not complete this part I Inter the appropriate amount in eacn column tor eacn year , see the instructions Derore making any entries. Base penod years Distribution ratio value of nonchantable- assets Calendar year (or tax year beginning in ) Adj usted qualifyingbdistributions Net use (col ( b) divided by col (c)) 2014 4,074,426. 2,982. 1366.340040 2013 3,066,462. 2,982. 1028.323944 2012 3,294,843. 260,542. 12.646111 2011 3,088,380. 740,500. 4.170668 2010 3,085,328. 2,975. 1037.085042 2 Total of line 1 , column ( d) 2 3448. 565805 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 .