Return of Private Foundation
Total Page:16
File Type:pdf, Size:1020Kb
Return of Private Foundation OMB N o 545-0052 Form 990-PF or Section 4947(a)(1) Trust Treated as Private Foundation 16 Department of the Treasury ► Do not enter social security numbers on this form as it may be made public. Internal Revenue Seance ► Information about Form 990-PF and its separate instructions is at www. irs.gov/form99Opf. • For calendar year 2016 or tax year beginning , 2016 , and ending , 20 Name of foundation A Employer identification number CHARLES AND LYNN SCHUSTERMAN FAMILY FOUNDATION 73-1312965 Number and street (or P 0 box number if mail is not delivered to street address) Room/suite B Telephone number (see instructions) 110 WEST 7TH STREET SUITE 2000 (918) 879-9644 City or town, or or postal code state province, country, and ZIP foreign C If exemption application is pending, check here lo-El TULSA, OK 74119 q G Check all that apply q Initial return q Initial return of a former public charity D 1. Foreign organizations, check here ► q q Amended return Final return 2. Foreign organizations meeting the 85% test, q q q Address change Name change check here and attach computation ► H Check type of organization: q Section 501 (c)(3) exempt private foundation E If private foundation status was terminated under section 507(b)(1)(A) , check here P. C] El Section 4947(a)(1) nonexempt charitable trust E] Other taxable private foundation Accounting q Cash 0 Accrual Fair market value of all assets at J method: F If the foundation is in a 60-month termination q end of year (from Part Il, col. (c), q Other (specify) under section 507(b)(1)(B), check here ► line 16) ► $ 2,202,251 977 (Part t, column (d) must be on cash basis) (d) Disbursements Analysis of Revenue and Expenses Revenue and ion (a) (b) Net investment (c) Adjusted net for charitable expenses per amounts in columns (b), (c), and (d) may not necessarily equal income income purposes books the amounts in column (a) (see instructions)) (cash basis only) 1 Contributions, gifts, grants, etc , received (attach schedule) 30.529,527 q 2 Check ► If the fotncfatlon is not required to attach Sch B - 3 Interest on savings and temporary cash investments 16 196 619 16,196,619 4 Dividends and interest from securities . 22 681,877 22.681 877 5a Gross rents . b Net rental income or (loss) 4) 6a Net gain or (loss) from sale of assets not on line 10 (102,075 892) - ' - - a b Gross sales price for all assets on line 6a 675 324,452 at> 7 Capital gain net income (from Part IV, line 2) 0 8 Net short-term capital gain . 9 Income modifications 10a Gross sales less returns and allowances 0 b Less: Cost of goods sold 0 c Gross profit or (loss) (attach schedule) 0 11 Other income (attach schedule) . (9,069,667) (13,473 640) 0 ' - 12 Total . Add lines 1 throu g h 11 (41,737 536) 25,404,856 0 13 Compensation of officers, directors, trustees, etc 635,684 635,684 14 Other employee salaries and wages 4,149,055 4 149,055 15 Pension plans, employee benefits X 16a Legal fees (attach schedule) . 0 0 0 0 W b Accounting fees (attach schedule) 0 0 0 a . c Other professional fees (attach schedule) . P 0 0 17 Interest . 1,302, 40 413f96 H 18 Taxes (attach schedule) (see instructions) . 518. ^try^ 66.1 'TJ %I t 0 251,881 • 19 Depreciation (attach schedule) and depletion 72,2 o 0 Q 20 Occupancy . 21 Travel, conferences, and meetings . 22 Printing and publications t%J of 23 Other expenses (attach schedule) 10,815,210 1,994,875 0 7308,349 Be 24 Total operating and administrative expenses. Add lines 13 through 23 . 17,492.278 2,674,218 0 12.344,969 CD C 25 Contributions, gifts, grants paid . 76,996,491 76 996,491 26 Total expenses and disbtasemertts. Add lines 24 and 25 94,488,769 2,674,218 0 89.341,460 a 27 Subtract line 26 from line 12: _ •' z W a Excess of revenue over expenses and disbursements (136,226 305) ' ' b Net investment income (if negative, enter -0-) 22 730 638 c Adjusted net income (if negative, enter 0 U -0-) For Paperwork Reduction Act Notice, see instructions. Cat No 11289X Form 990-PF (2016) - 9 g5 10/30/2017 2:38:15 PM 2016 Return Charles and Lynn Schusterman Famii Foundation- 73-1312965 Form 990-PF (2016) Page 2 Attached schedules and amounts in the description column Beginning of year End of year Balance Sheets 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 . 45,295,835 52,338 771 52,338,771 2 Savings and temporary cash investments . 3 Accounts receivable 337 453 ► --- ---- ----------------------------------------------- - - - - Less: allowance for doubtful accounts 163,441 337 453 337 453 ------------------------------- 4 Pledges receivable ----------------------------------------------------- --- ----------- ---- --- --- - - - - Less. allowance for doubtful accounts 0 0 0 ------------------------------- 5 Grants receivable . 6 Receivables due from officers, directors, trustees, and other disqualified persons (attach schedule) (see instructions) . 0 0 0 7 Other notes and loans receivable (attach schedule) ------------ 3,166,667 Less- allowance for doubtful accounts 0 0 3.166,667 3,166,667 ------------------------------------- 8 Inventories for sale or use . y 9 Prepaid expenses and deferred charges Q 10a Investments-U.S. and state government obligations (attach schedule) 0 0 0 b Investments-corporate stock (attach schedule) . 0 0 0 c Investments-corporate bonds (attach schedule) . 0 0 0 11 Investments-land, buildings, and equipment. basis ____________________ 0 Less accumulated depreciation (attach schedule) __________________________ 0 0 0 0 12 Investments-mortgage loans . 13 Investments-other (attach schedule) . 2,186.049 233 2.038,390,142 2,146,245.445 14 Land, buildings, and equipment. basis ________________________1,144 459 Less: accumulated depreciation (attach schedule) ____________ 980,818 229,326 163 641 163,641 15 Other assets (describe ) 0 0 0 ► ---------------------------------------------- 16 Total assets (to be completed by all filers-see the instructions. Also, see page 1, item I) . 2,231 737 835 2 094,396,674 2 202,251,977 17 Accounts payable and accrued expenses . 249,309 814,409 18 Grants payable . 19 Deferred revenue . 20 Loans from officers, directors, trustees, and other disqualified persons 10,169,424 7 669,424 m 21 Mortgages and other notes payable (attach schedule) . 0 0 J 22 Other liabilities (describe ) 0 0 - - ' ► - -------- ---- 23 Total liabilities (add lines 17 through 22) 10 418,733 8,483,833 - q Foundations that follow SFAS 117, check here ► a) and complete lines 24 through 26 and lines 30 and 31. 5 24 Unrestricted . - m 25 Temporarily restricted . 26 Permanently restricted . q Foundations that do not follow SFAS 117, check here ► LL and complete lines 27 through 31. 0 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 2,221,319,102 2,085,912 841 a 30 Total net assets or fund balances (see instructions) . 2,221,319,102 2 085,912.841 1 31 Total liabilities and net assets/fund balances (see Z instructions) . 2,231,737,835 2,094,396.674 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 2 221 319,102 2 Enter amount from Part I, line 27a . 2 (136,226 305) (SEE STATEMENT) 3 4 146.213 3 Other increases not included in line 2 (itemize) ► 4 Add lines 1, 2, and 3 . 4 2,089,239,010 (SEE STATEMENT) 3326,169 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 2,085,912,841 Form 990-PF (2016) 10/30/2017 2:38:15 PM 2 2016 Return Charles and Lynn Schusterman Family Foundation- 73-1312965 Form 990-PF (2016) Page 3 Capital Gains and Losses for Tax on Investment Income How acquired (a) List and describe the kind (s) of property sold (e g . real estate, (b) (c) Date acquired (d) Date sold P-Purchase 2-story brick warehouse , or common stock, 200 shs MLC Co ) (mo, day , yr) (mo, day, yr) D- Donation 1a PASSTHROUGH K-1 ST CAPITAL GAIN PURCHASE b INVESTMENT LT CAPITAL GAIN PURCHASE C INVESTMENT ST CAPITAL GAIN PURCHASE d PASSTHROUGH K-1 LT CAPITAL GAIN PURCHASE e Depreciation allowed Cost or other basis (h) Gain or (loss) (e) Gross sales puce (t) (g) (or allowable) plus expense of sale (e) plus (f) minus (g) a (556 .739) (556,739) b 430 .469 113 588,619,330 (158 150,217) C 187 390 ,763 188,781,014 (1 390,251) d 58,021 ,315 1 1 58,021 315 e Complete only for assets showing gain in column (h) and owned by the foundation on 12/31 /69 (I) Gains (Col (h) gain minus col (k), but not less than -0-) or 0) Adjusted basis ( k) Excess of col (Q F M V as of 122/31/69 Losses (from col (h)) (i) as of 12/31 /69 over col 0), if any a 0 (556,739) b 0 (158 ,150,217) C 0 (1,390,251) d 0 58 ,021,315 e If gain , also enter in Part 1, line 7 2 Capital gain net income or (net capital loss) r l If (loss), enter -0- in Part I, Ilne 7 J 2 (102 075.892) 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).