Return of Private Foundation
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^' ' Cert Mall 7013 1710 0002 2445 4382 Return of Private Foundation OMB No 1545-0052 Fonn 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. 20014 Department of the Treasury ► Internal Revenue Service ► Information about For m 990 - PF and its separate instructions is at www.rrs.go v/fom For calendar y ear 2014 or tax y ear be g inning 2014 and endin g 20 Name of foundation A Employer Identification number JACK, JOSEPH, & MORTON MANDEL FOUNDATION 34-6546418 Number and street ( or P 0 box number If mail is not delivered to street address ) Room/suite B Telephone number (see instructions) (216) 875-6500 1000 LAKESIDE AVE E City or town, state or province, country , and ZIP or foreign postal code q C If exemption application is ► pending , check here CLEVELAND, OH 44114-1117 G Check all that apply Initial return Initial return of a former public charity D 1 Foreign organizations, check here. ► El Final return Amended return 2 Foreign organ izations meeting the 85% test, check here and attach ► Address change Name change computation El H Check type of organization X Section 501 ( c)(3) exempt private foundation q E If private foundation status was terminated► Section 4947 ( a )( 1 ) nonexem pt charitable trust Other taxable p rivate foundation under section 507 ( b)(1)(A), check here . I Fair market value of all assets at J Accounting method X Cash Accrual F If the foundation is in a60-month termination end of year (from Part 11, col (c), line Other ( specify ) ---------------------- under section 507 (b)(1)(8), check here O ► E] 712,288,476. Z 16) ► $ (Part if, column (d) must be on cash basis) (d) Disbursements rl^ Analysis of Revenue and Expenses (The (a) Revenue and (b) Net investment (c) Adjusted net for charitable I >^iv total of amounts in columns (b), (c), and (d) expenses per may not necessanly equal the amounts in income income purposes books column (a) (see instructions ( cash basis only) 1 Contributions , gifts, grants , etc , received ( attach schedule ) , 75,319,141. the foundation is not required to 2 Check if ► attach Sch B 3 Interest on savings and temporary cash investments . 2,271,840. 2,271,840. 2,271,840. ATCH 1 4 Dividends and interest from securities . 9, 666, 989. 9, 666, 989. 9, 666, 989. ATCH -2 5a Gross rents . .. .. .. b Net rental income or (loss) 6a Net gain or (loss ) from sale of assets not on line 10 26,968,244. b Gross sales puce for all 43 057 438. 4) assets on line 6a y 7 Capital gain net income (from Part IV, line 2) 26,968,244. 8 Net short- term capital gain . 9 Income modifications . 10a Gross sales less returns and allowances b Less Cost of goods sold c Gross profit or (loss) (attach schedule) . , • , 11 Other income ( attach schedule) pTCH. 3 • . 4, 608, 595. 3, 732, 873. 3,732,873 . 12 Total. Add lines 1 through 11 118, 834, 809. 42, 639, 946. 15,671,702. 13 Compensation of officers, directors , trustees , etc - e y 14 Other employee salaries and wages . .I 15 Pension plans, employee benefits . t C^ C 16a Legal fees ( attach schedule) ,' 'W.S V U _ t u^ W b Accounting fees (attach schedule) . ,.- > c Other professional fees (attach schedule). [A J i.---- -6.&Q , - 660,551 R 17 Interest . ATCH 5 . ' 4'94-,7423f. i 494, 723. 494,723. y 18 Taxes ( attach schedule) ( see Instructions )[ 6 ]:- --_-^`^^°' ^ 2 11, 7 14 . 211,714. 19 Depreciation (attach schedule) and depletion. 20 Occupancy . 21 Travel , conferences, and meetings . M 22 Printing and publications . Cr, 23 Other expenses (attach schedule) A.TCH .7. 10, 393, 042. 10, 305, 551. 10, 305, 551. 87,491 24 Total operating and administrative expenses. a) Add lines 13 through 23. ... ...... 12, 196, 397. 11, 011, 988. 11, 011, 988. 748,042 O 25 Contributions , gifts, grants paid . ...... 13,578,798. 11, 4 2 8 , 2 4 2 26 Total expenses and disbursements Add lines 24 and 25 25, 775, 195. 11, 011, 988. 11, 011, 988. 12, 176,284 27 Subtract line 26 from line 12 a Excess of revenue over expenses and disbursements . 93,059,614. b Net investment income ( if negative, enter -0-) 31,627,958. 1 c Adjusted net income ( if negative, enter -0-). 4,659,714. 1 JSA For Paperwork Reduction Act Notice, see instructions. Form 99U-PF (2014) 4E1410 1 000 Form990-PF(2014 ) JACK, JOSEPH, & MORTON MANDEL FOUNDATION 34-6546418 Paget ® Attached schedules and amounts in the Beginning of year End of year Balance Sheets d escrip t ion col umn sh ou ld be for en d-of-year amounts only ( See instructions) (a) Book Value ( b) Book Value (c) Fair Market Value 1 Cash - non-interest- bearing . .. ........ 14, 911, 405. 50, 598, 741. 50, 598, 741 2 Savings and temporary cash investments . , 3 Accounts receivable 310 . ► ----------------------- Less allowance for doubtful accounts 1 . 310. 310 ► ------------ 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 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) , .. , ATCH 8 582, 860, 821. 661, 678, 976. 661, 678, 976 14 Land , buildings, and ► equipment basis __________________ Less accumulated depreciation ► (attach schedule ) _____________ ______ 8,420. 10,449. 10, 449 15 Other assets ( describe ► _________ATCH_9--- _ - ) 16 Total assets (to be completed by all filers - see the instructions Also, see page 1 , item 1) . 597, 780, 647. 712, 288, 476. 712, 288, 476 17 Accounts payable and accrued expenses , , , , , , , , , , , 25 . 30,935. 18 Grants payable , , , , , , , , , , , , , , , , , , , , , , , .116,250. 2, 150, 556. 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) 116, 2 7 5 . 2 , 181, 4 91 . Foundations that follow SFAS 117 , check here . and complete lines 24 through 26 and lines 30 and 31. m 24 Unrestricted . 25 Temporarily restricted 26 Permanently restricted . Foundations that do not follow SFAS 117, . check here 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 - 29 Retained earnings, accumulated income , endowment , or other funds 664, 372. 710, 106, 985. Z 30 Total net assets or fund balances (see instructions). 664, 372. 710, 106, 985 . Z 31 Total liabilities and net assets /fund balances (see instructions ) . .... 780, 647. 712, 288, 476. C- PIM 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 ) ... ... ....... .. ... .. 1 597, 664, 372 2 Enter amount from Part I , line 27a . ................ ............... 2 93, 059, 614 3 Other increases not included in line 2 ( Itemize ) ATCH 10 3 27, 017, 455 ►--------------------------------- 4 Add lines 1 , 2, and 3 4 717, 741, 441 5 Decreases not included in line 2 ( itemize )' ATCH 11 5 7,634,456 ------------------------------------- 6 Total net assets or fund balances at end of ear line 4 minus line 5 Part II, column ( b) , line 30 . 6 710, 106, 985 Form 990 -PF (2014) JSA 4E1420 1 000 JACK, JOSEPH, & MORTON MANDEL FOUNDATION 34-6546418 Form 990-PF(2014) Pag e 3 Capital Gains and Losses for Tax on Investment Income (b) HoW (a) List and describe the kind( s) of property sold (e g real estate, aoq^u^ a^uired (d) Date sold 2-story brick warehouse , or common stock , 200 shs MLC Co ) p : saa" (mo ,day, yr ) ( mo, day, yr) 1a SEE PART IV SCHEDULE b 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 b c d e Complete only for showing gain column ( h) and owned assets in by the foundation on 12/31/69 (I) 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 U) as of 12/31/69 over col q), 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 26,968,244. 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 1, line 8 .......................................... J 3 0 MMm 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? F] 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 the instructions before making any entries (a) (b) (d) Base period years (C) Distribution ratio Calendar year (or tax year beginning in) Adj usted qualifying distnbutions Net value of nonchantable use assets (col ( b) divided by col (C)) 2013 19,056,823.