Return of Private Foundation Form 990- PF
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a ice . - 1 Form 990- PF Return of Private Foundation OMB No. 1545-0052 or Section 4947(a)(1) Nonexempt Charitable Trust Departryi,grit of the-Treasury Treated as a Private Foundation 2003 Internal Revenue Service a organization maybe able to use a copy of this return to satisfy state reporting requirements For calendar year 2003, or tax year beginning , 2003, and ending , 20 G Check all that apply: Initial return Final return Amended return Address change Name change Use the IRS Name of organization A Employer Identification number label. CITIGROUP FOUNDATION 13-3781879 Otherwise, Number end street (or P O box number if mail is not delivered to street address) Room/suite Telephone number (S99 the instructions) print B or type. g50 THIRD AVENUE - 13th Floor 212-559-9163 $88 Specific any or town, state, end ZIP code C If exempt application is pending, check here 1 Instructions. New York NY 10043 p 1 Foreign organizations check here 1 2 Foreign organizations meeting the 85 % , H Check type of organization : Section 501(c)(3) exempt private foundation test, check here and attach computation Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation E 11 private foundation status was 11 11 terminated under section 1" o I Fair market value of all assets at end of J Accounting method : Cash Accrual 507(b)(1)(A),check here year (from Part II, Col. (c), line 16) a F H the foundation is m a 60-month Other (specify) termination under section pp. $ 131,761,174 . 1 Part I, column d must be on cash basis 507(b)(1)(B),check here 1 n Analysis of Revenue and Expenses ~a) (d) Disbursements (me total of amounts in columns (b), Revenue and (b) Net investment (c) Adjusted net for expenses per charitable (c), & (d) may not necessarily equal the income income purposes amounts in column (d) (see instructions).) books (cash basis only) Contributions, gifts, grants, a« , received (attach scLg dule) 51 529 , 728 . / ~I the foundation Is not required Check 1/LJ to attach Sch B 2 Distributions from split- interest trusts 3 Interest on savings and temp ash investments 1,509,294 . 1,509,294 . 1,509,294 . 4 Dividends and interest from securities Sa Gross rents b ~come or~poss) d 6a Net gain/Qoss) from sale of assets not on pine lo( , 18 0 , 2 4 5 . b Gross saes X . ` d ell assets onlinepr'ceRF7 ~ 3 9 7 5 5 7 Capital gain net income (from Part IV, line 2) 8 Net short-term capital gain 9 Income modifications Gross8, salesal lowances less s lea rlns Less Cost of p b goods sold c Gross profit or (loss) (attach schedule) O 11 Other income (attach schedule) 23, 517 . 23,517 . 23,517 . 12 Total. Add lines 1 through 11 50,882, 29 4 . , 532, 8 1 . 53 Compensation of officers, 13 directors, trustees, etc 4 14 Other employee salaries and wages 15 Pension plans, employee benefits 16a Legal fees (attach schedule) b Accounting fees (attach schedule) c Other professional fees (attach schedule) 17 Interest t~. 18 Taxes (atI echschedule)(seetheinstructions) 32,181 . 32,181 . 19 Depreciation (attach scn ) and depletion 20 Occupancy ,)~~`JP ~ 21 Travel, conferences, and meetings o, 22 Printing and publications l0 23 Other expenses (attach schedule) . 1 ,598, 350 . 0 24 Total operating and administrative expenses . Add lines 13 through 23 1,630, 531 . 32,181 . 25 Contributions, gifts, grants paid 55,524,404 . 57,720,957 . 26 Total ex & disbursements Add lines 24 and 25 5 7 , 154,935 . 57,753,138 . 27 Subtract line 26 from line 12: Y a Excess of revenue over expenses and disbursements ( 6, 272,641 .) " '° ` b Net Investment Income (if nag , enter -o-) 1,532,811 . _ c Adjusted net Income (if r,e9, enter - 0-) 1,532,811 . For Paperwork Reduction Act Notice, see the instructions. Form 990- PF (2003) BCA Copyright form software only, 2003 Universal Tax Systems, Inc All rights reserved US990P51 Rev 1 0 Form 990- PF (2003) CITIGROUP FOUNDATION 13-3781879 Page 2 Attached schedules and amounts in the Be ginning of ear End of ear Balance Sheets description column should be for end- of- ear amounts only. see inst (a) Book Value (b) Book Value (c) Fair Market Value i Cash - non- interest- bearing 87,617 . 2 Savings and temporary cash investments 139, 0 4 2 , 0 5 0 . 131, 12 7 , 8 41 . 131, 12 7, 84 1 . 3 Accounts receivable 10' Less: allowance for doubtful accts. 10, 7 25 ,000 . 4 Pledges receivable Less: allowance for doubtful accts. 5 Grants receivable 6 Receivables due from officers, directors, trustees, and other disqualified persons (attach schedule) (see the instructions) 7 Othernotes endloans receivable (attach schedule) 1 633,333 . doubtLess allowencefor lulaccounts 1 550, 000 . 633 , 333 . 633,333 . 8 Inventories for sale or use 9 Prepaid expenses and deferred charges 10a Investments - U S and state govt . obligations (attach schedule) b Investments - corporate stock (attach schedule) c Investments - corporate bonds (attach schedule) 11 Investments-Iend,buildings, ~ end equipment basis Less accumulated depreciation (attach schedule) 12 Investments - mortgage loans 13 Investments - other (attach schedule) 14 Lend, buildings, end equipment basis 1 Less accumulated depreciation , (attach schedule) 15 Other assets (described ) 16 Total assets (to be completed by all filers - see the instructions. Also, see page t , item 1 . 14 0 , 4 0 4 , 6 6 7 . 131, 7 61, 17 4 . 131, 7 61, 17 4 . 17 Accounts payable and accrued expenses 14,133 . 9,131 . 1e Grants payable 27, 806, 900 . 25,441,050 . _ 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 10, ) 23 Total liabilities (add lines 17 through 22) 2 7,821,033 . 25,450,181 . Organizations that follow SEAS 117, check here l. N and complete lines 24 through 26 and lines 30 and 31. y 24 Unrestricted 10 7 , 7 0 0 , 0 3 0 . 101, 7 6 6 , 0 7 3 . 25 Temporarily restricted 4,883,604 . 4,544,920 . 26 Permanently restricted Organizations that do not follow SFAS 117, ck. here 10, 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 y 29 Retained earnings, accumulated income, endowment, or other funds Q d 30 Total net assets or fund balances (see the instructions) 112 , 5 8 3 , 6 3 4 . 10 6 , 310 , 9 9 3 . 31 Total liabilities and net assets fund balances (see the instructions) 14 0 , 4 0 4 , 6 6 7 . 131, 7 61, 17 4 . Analysis of .Chan es 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 12,583,634 . 2 Enter amount from Part I, line 27a . 2 6,272,641 .) 3 Other increases not included in line 2 (itemize) ~ 3 4 Add lines 1, 2, and 3 4 10,99 5 Decreases not included in line 2 (itemize) ~ 5 6 Total net assets or fund balances at end of vear (line 4 minus line 5) - Part II . column (b). line 30 6 1106,310,993 . Form 990- PF(2oo3) BCA Copyright form software only, 2003 Universal Tax Systems, Inc All rights reserved US990P$2 Rev 1 1 Form ssa PF (2oos) CITIGROUP FOUNDATION 13-3781879 Capital Gains and Losses for Tax on investment Income (a) List and describe the kind(s) of property sold (e.g ,real estate, )How acquired (c) Date acquired (d) Date sold Purchase 2- story brick warehouse; or common stock, 200 shs. MLC Co.) (mo ., day, yr.) (mo., day, yr.) 1a INTERSIL CORPORATION 1000000 SHARES D 07/28/2003 07/30/2003 b CHIPPAC INC . 3000000 SHARES D 11/03/2003 11/04/2003 c d e (f) (e) Gross sales pace Depreciation allowed (g) Cost or other basis (h) Gain or (loss) (or allowable) plus expense of sale (e) plus (0 minus (g) 23,144,920 . 24,000,000 . (855,080 . 24,594,835 . 25,920,000 . (1,325 .165 . c d Complete only for assets In in column (h) and owned the foundation on 12/31/69 (I) Gains (Col . (h) gain minus Q) Adjusted basis (k) Excess of Col . (i) Col . (k), but not less than - 0- ) or (I) F.M.V. as of 12/31/69 as of 12/31/69 over Col (j), if any bosses (from Col. (h)) a (855,080 . b (1,325,165 . c d 2 Capital gain net income or (net capital loss) If gain, also enter in Part I, line 7 [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 J 3 (2,180,245 .) 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 organization liable for the section 4942 tax on the distributable amount of any year in the base period? a Yes a No If 'Yes,' the organization does not qualify under section 4940(e) .