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Return of Private Foundation 0. C OMB No 1545-0052 Form 990-PF Return of Private Foundation or Section 4947(a)(1) Nonexempt Charitable Trust Treated as a Private Foundation 2008 Department of the Treasury Note : The foundation may be able to use a copy, of this return to satisfy state Internal Revenue Service (77) For calendar year 2008, or tax year beginning , 2008, and ending I G Check all that apply Initial return Final return Amended return Address change Name change Employer identification number Use the A IRS label . CHEHEBAR FAMILY FOUNDATION INC. 13-3178015 Otherwise, 1000 PENNSYLVANIA AVENUE B Telephone number (see the instructions) o print type. BROOKLYN, NY 11207-8417 (718) 485-3000 See Specific C If exemption application is pending, check here Instructions D 1 Foreign organizations, check here H Check type of organization X Section 501 (c)(3) exempt private foundation 2 Foreign organizations meeting the 85% test, check q here and attach computation Section 4947(a)(1) nonexem pt charitable trust Other taxable private foundation E If private foundation status was terminated Fair market value of all assets at end of year J Accounting method: Cash X Accrual under section 507(b)(1)(A), check here ll^ (from Part Iii, column (c), line 16) El LJ Other (specify) _ _ _ _ _ _ _ _ _ _ _ _ _ F If the foundation is in a 60-month termination $ 9, 962, 591. (Part 1, column (d) must be on cash basis) under section 507(b)(1)(B), check here Part 1 Analysis of Revenue and (a) Revenue and (b) Net investment (c) Adjusted net (d) Disbursements Expenses (The total of amounts in expenses per books income income for charitable columns (b), (c), and (d) may not neces- purposes sarily equal the amounts in column (a) (cash basis only) (see the instructions) ) 1 Contributions, gifts, grants, etc, received (aft sch) 4 , 477 , 552. 2 Ck I- if the foundn is not req to att Sch B F1 3 Interest on savings and temporary cash investments 182, 983. 182, 983. N/A 4 Dividends and interest from securities 5a Gross rents b Net rental income or (loss) R 6a Net gam/(loss) from sale of assets not on line 10 b Gross sales price for all E assets on line 6a V 7 Capital gain net income (from Part IV, line 2) E 8 Net short-term capital gain N 9 Income modifications U 10a Gross sales less E returns and allowances b Less- Cost of CCn_ goods sold m c Gross profit/(loss) (att sch) 11 Other income (attach schedule) ^ V - -, 12 Total. Add lines 1 through 11 4 , 660 , 535. 182 , 983. 13 Compensation of officers. directors, trustees, etc- 0. k 14 Other employee salaries and wages C 15 Pension plans, employee benefits A 16a Legal fees (attach schedule) M b Accounting fees (attach sch) - C I c Other prof fees (attach sch) Sp I 17 Interest R R 18 Taxes (attach schedule) SEE STMT 1 3,660. A A 19 Depreciation (attach sch) and depletion N v 20 Occupancy G E 21 Travel, conferences, and meetings A E 22 Printing and publications N P 23 Other expenses (attach schedule) o NE SEE STATEMENT 2 250. E 24 Total operating and administrative s expenses . Add lines 13 through 23 3,910. 25 Contributions, gifts, grants paid PART XV 3 , 902 , 303. 3 , 902 , 303. 26 Total expenses and disbursements. Add lines 24 and 25 3, 906, 213. 0. 3,902,303. 27 Subtract line 26 from line 12: a Excess of revenue over expenses and disbursements 754,322. b Net investment income (if negative, enter -0-) 182,983. C Adjusted net income ( if negative , enter -0-) BAA For Privacy Act and Paperwork Reduction Act Notice, see the instructions . TEEA0504L 09/17/08 Form 990-PF (2008) r 1, Form 990-PF (200S1 CHEHEBAR FAMILY FOUNDATION INC. 13-3178015 Paae 2 Attached schedules and amounts in the description Beginning of year End of year PartII, Balance Sheets 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 2 Savings and temporary cash investments 1, 330, 136. 9, 859, 451. 9,859,451. 3 Accounts receivable ---------- Less. allowance for doubtful accounts 1^ _ 4 Pledges receivable ll^ _ Less. allowance for doubtful accounts 01 ---------- 5 Grants receivable 6 Receivables due from officers, directors, trustees, and other disqualified persons (attach schedule) (see the instructions) Other notes and loans receivable (attach sch) 100, 000. STATEMENT 3 7 ► ---------- ----- Less allowance for doubtful accounts ^ _ _ _ _ _ _ _ _ _ _ 200, 000. 100, 000. 100,000. S S 8 Inventories for sale or use E 9 Prepaid expenses and deferred charges 3,140. 3, 140. T S 10a Investments - U.S and state government obligations (attach schedule) 7, 680, 370. 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 0 ---------- Less. accumulated depreciation (attach schedule) 111^ 15 Other assets (describe --------------- 16 Total assets (to be completed by all filers - see instructions Also, see page 1, item I) 9, 210, 506. 9, 962, 591. 9,962,591. L 17 Accounts payable and accrued expenses 2,237. A 18 Grants payable B 19 Deferred revenue LI 20 Loans from officers, directors, trustees, & other disqualified persons 21 Mortgages and other notes payable (attach schedule) T 22 Other liabilities (describe E S 23 Total liabilities (add lines 17 through 22) 2, 237. 0. Foundations that follow SFAS 117, check here and complete lines 24 through 26 and lines 30 and 31. N F 24 Unrestricted T U T N 25 Temporarily restricted D 26 Permanently restricted S B Foundations that do not follow SFAS 117, check here X S A and complete lines 27 through 31. E L T A 27 Capital stock, trust principal, or current funds S N 28 Paid-in or capital surplus, or land, building, and equipment fund O E 29 Retained earnings, accumulated income, endowment, or other funds 9,208,269. 9,962,591. R S 30 Total net assets or fund balances (see the instructions) 9, 208, 269. 9, 962, 591. 31 Total liabilities and net assets/fund balances (see the instructions) 9,210,506. 9, 962, 591. (Part III I 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 9, 208, 269. 2 Enter amount from Part I, line 27a 2 754,322. 3 Other increases not included in line 2 (itemize) 3 ----------------------------- 4 Add lines 1, 2, and3 4 9,962,591. 5 Decreases not included in line 2 (itemize) 5 II_ 6 Total net assets or fund balances at end of year (line 4 minus line 5) - Part column (b), line 30 6 9, 962, 591. BAA TEEA0302L 09/17/08 Form 990-PF (2008) Form 990-PF (2008) CHEHEBAR FAMILY FOUNDATION INC. 13-3178015 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, (b) How acquired (C) Date acquired (d) Date sold brick warehouse , or common stock , 200 shares MLC Company) P - Purchase (month, day, year) (month, day, year) 2-story D - Donation la N/A b C d e (e) Gross sales price (f) Depreciation allowed (g) Cost or other basis (h) Gain or (loss) (or allowable ) plus expense of sale (e) plus (f) minus (g) a b c d e Com p lete only for assets showing gain in column (h) and owned by the foundation on 12/31 /69 (I) Gains (Column (h) () Fair Market Value 0) Adjusted basis (k) Excess of column (i) gain minus column (k), but not less as of 12/31/69 as of 12/31 /69 over column 0), if any than - 0-) or Losses (from column (h)) a b C d e { lf 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 the instructions) If (loss), enter -0- in Part I, line 8 3 PartV 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? 0 Yes 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 , see the instructions before making any entries a (c) Base period years Adjusted qualifying distributions Net value of Distribution ratio Calendar year (or tax year noncharitable - use assets (column (b) divided by column (c)) beginning in) 2007 817,268. 10,170,833. 0.080354 2006 2,490,029. 6,821,943 . 0.365003 2005 2,341, 837. 4,962,620 . 0.471895 2004 2,086 ,970. 2,499,732.
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