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Form 990-PF Return of Private Foundation

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Form 990-PF Return of Private Foundation OMB NO 75150052 Form 990-PF Return of Private Foundation or Section 4947(a)(1) Nonexempt Charitable Trust Depenmmt N the Treaary Treated as a Private Foundation Mtmhel Rmmue Ssv¢e NOSE The be able to use a copy of this return to satisfy state orting requirements 2001 For calendar year 2001, or uz yeu h lddress change ~ Name change c~yS Use the IRS Name of organization Employer identification number cy label .q otherwise, DICK AND BETSY DEVOS FOUNDATION 38-2902412 p. print NumCS we rnen IQ P O Eoa numDr i1 hail u not eaiInsaE to Noel adOm) Rovn/aorta Telephone number orqpe 126 OTTAWA AVENUE NW SUITE 500 (=See Specific (616)454-4114 u .=.maom n M: Instructions CM or town, sole, and ZIP code rooec,hm Pertain, made her. 1 foreign organizations, check here 2 Faeipi apenuslims meeting the 85% teat , 1U ~I Check type of organization LXJ Section 501(c)(3) exempt private foundation chxw nss ena alum wmputaem Section 49471a)(1 ) nonexempt charitable host E] Other taxable private foundation 7 II private foundation status was terminated ~~~,,,uuu5- Fair market value of all assets at end of year J Accountingncounting method ~ Cash 0 Accrual under section 501(b)(1)(A), check here F (from Part fl, col (c), line 16) (specify) If the foundation is in a 60-month termination 5 7 6 8 0 14 9 . (Part l, column (d) must be on cash bass ) under section 507 b 1 B , check here Part I Analysis of Revenue end Expenses (~) (d) Disbursements (Me total oramounts in columns (b)J, Revenue and (b) Net investment (c) Adjusted net expenses per log charitable (c), and (dJ may not necessarily equal income income books purposes the amounts m column (a) J N / A (cash basis only) 7 Contributions, gifts, grants, etc, received 12 345 . Cnerx~~ ANefiunaYaonbnotitpuneaW~TOCnSCn B 2 Distributions from split-interest trusts ene ~enaasr ~( 9~~tme~u 1,877 . STATEMENT 2 4 Dividends andinterest from securities 450 576 . STATEMENT .3 5a Gross rents O b (Nat rmmi mmme a (Iass) 1 - Net Qain a pov) tram sere al men nor on ~/ !1 8~ W. 10 -1 , 035 , 012 . ._ STATEMENT 1 7 6 Gioa saia onoo for an , _ d ovals m the 6a 1 0 ,3 10 , 776 . jn Q ] Capital pain nn mCOme (hom Part IV Iinee2) yo SIS~_6_i 8B Net short-termshoe-term capital gainpain _- 9 Income modifications 10ec~os,wo~.:sMUr~s Rrfs " andauowanrm t1f~ c M~ U 1 me N 18 , 385 . STATEMENT 4 Total Ad in h 9-551 , 829 . _ , ion o ottims oven pees nc 0 . a b Accounting fees STMT 5 1 1 , 057 . w c Other professional tees STMT 6 67 50 , 634 . i 17 Interest y to Taxes STMT 7 -21 0 . 19 Deprecation and depletion E 20 Occupancy 21 Travel, conferences, and meetings v q 22 Printing and publications ~ 23 Other expenses STMT 8 13 40 . n 24 Total operating and administrative c expenses Add lines 13 through 23 6 0 51 , 731 . 0 25 Contributions, gifts, grants paid 3 , 351 3 , 351 , 775 . 26 Total expenses and disbursements Add lines 24 and 25 3 , 412 3 , 403 , 506 ._ 27 Subtract line 26 from line 12 f . Uciese, a1 r.vcn~~. ,~pansao, and d,alota.esh.tto -3 964 h Net investment income (n ne,atrve a,ie -0 I a Adjusted net income ta -.wt- mt=-0-i 61r4-62 LHA For Paperwork Reduction Act Notice, see the instructions Farm 990-PF (2007)' 13251112 758719 037318 2001 .06000 DICK AND BETSY DEVOS FOUNDA 037318_1 Nf- Form 99o-PF(2001) DICK AND BETSY DEVOS F 2 Chad else anaamaunuinineaeudouon Part jl Balance Sheets """ columnWait Delaien0allonmounsonly (a) Book Value (6) Book Value (c) Fair Market Value 1 Cash - non-interest hearing 2 Savings and temporary cash investments 172 768 . 107 , 586o 107 , 586 . Accounts - i 3 receivable 11 256,869 ---- Less allowance for doubtful accounts 254 062 . --256 869 .Y 237 716 . 1 Pledges receivable lll~ Less allowance for doubtful accounts 5 Grants receivable fi Receivahles due from officers, dicectom, trustees, and other disqualified persons 7 other notes and loans ocatnabee Less allowance for doubtful accounts 0, 8 Inventories for sale or use H 9 Prepaid expenses and deferred charges toe Investments- U S and state government obligations STMT 11 3 , 936 , 692 . 1 , 001 . 528 . 1 , 015 , 160 . b Investments -corporate stock STMT 12 1 , 398 , 973 . 695 004 . 501 650 . c Investments-corporate bonds STMT 1 3 5 , 357 , 016 . 3 , 833 , 324 . 3 , 841 , 692 . 11 onveslmenbland buildings ln0epulomentoub 1 - - - - - - - ---a Less o¢umulleOEepraption 1 12 Investments- mortgage loans 13 Investments-other STMT 14 668 048 . 2 , 083 , 992 . 1 , 976 , 343 . 14 Land, buildings, and equipment basis Lessauumuhuedepreciation 15 Other assets (describe III I 17 Accounts payable and accrued extpenses 18 Grants payable A W 19 Deferred revenue 20 Loins 6om afllcve Crtxiwa vvsiees ena orbs diaar,an(IpE Pa .. n 21 Mortgages and other notes payable 22 Other liabilities (describe " STATEMENT 151 .i Organizations that follow SFAS 117, cheek here y and complete lines 24 through 26 end lines 30 end 31 u°' 24 Unrestricted A 25 Temporarily restricted 26 Permanently restricted c Organizations that do not follow SFAS 117, check here and complete lines 21 through 31 m' 21 Capital stock, trust principal, or current funds Paid-in land, bldg and equipment N 28 or capital surplus, or . fund 29 Retained earnings, accumulated income, endowment, or other funds Z0 30 Total not assets or fund balances Part III 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-ol-year figure reported on prior year s return) 2 Enter amount from Part I, line 27a 3 Other increases not includes in line 2 (itemize) " SEE STATEMENT 9 Add lines 7, 2, and 3 5 Decreases not included in line 2 (itemize) " SEE STATEMENT 10 6 Total net assets or fund balances at end 0l veer (line 4 minus line 51 - Pan II . column (hl. line 30 F,.~ 990-PF Ceoo» 123511 01 24 02 Form 99o-PF(20o1DICK AND BETSY DEVOS FOUNDATION Part IV Capital Gains and Losses for Tax on Investment Income (a) List and describe the kind(s) of property sold (e p ,real estate, (c 1 Date acquired (d) Date sold 2-story brick warehouse, or common stock, 200 shs MLC Co ) (mo,day,yr) I (mo,Oay,yr) to SEE ATTACHED STATEMENT 19 b CAPITAL GAINS DIVIDENDS c d e (e) Gross sales price (0 Depreciation allowed (p) Cost or other basis (h) Gam or (loss) (or allowable) plus expense of sale (e) plus (I) minus (p) for assets in column (h) and owned by the foundation on 72/37/69 (I) Gains (Col (h) pain minus (I) Adjusted bass (k) Excess of cot (q Cot (k), but not less than -0-) or I i) F M V as of 17131/69 as of 72/31/69 over cot (1), d any Losses (from cot (h)) l II pain, also enter in Part I, line 7 2 Capital gain net income or (net capital loss) 1 II (loss), enter -0- in Pan I, line 7 3 Net shoe-term capital pain or (loss) as defined in sections 1222(5) and (6) If pain, also enter in Pan I, line 8, column (c) If (loss), enter -0 in Pan I, line 8 I Part V I Qualification Under Section 4940(e) for Reduced Tax on Net Inve (For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income ) If section 4940(0)(2) applies, leave this part blank. Was the organization liable for the section 4942 tax on the disiributa6le amount of any year in the base periods ED Yes [XI No If Yes; the organization does not quality under section 4940(e) Do not complete this part 1 Enter the appropriate amount in each column for each year, see instructions before making any envies Base Oenod years (~) Distribution ratio Calendar year for tax year beoinnino in) Adjusted qualifying~ distributions Net value of noncharitable-use assets (cot (b1 divided by cot (c)) 2 Toul of line i, column (d) 3 Average distribution ratio log the 5-year base period - divide the total on fine 2 by 5, or by the number of years the foundation has been in existence it less than 5 years 4 Enter the net value of noncharitable-use assets for 2001 from Part X, line 5 5 Multiply line a by line 3 6 Enter 1% of net investment income (1% of Pan I, line 27b) 7 Add lines 5 and 6 B Enter qualifying distributions from Part XII, line 4 II line 8 is equal to or greater than line 7, check the box in Part VI, line 1h, and complete that part using a 1 % tax rate See the Part VI instructions Fm 990-PF (2ooi) 773571 O7 T"-02 3 11421112 758719 037318 2001 .06000 DICK AND BETSY DEVOS FOUNDA 037318 1 Form 990-PF on Or 4946 - see to Exempt operating foundations described in section 4940(d)(2), check here " U and enter *N/A* on line 1 Date of ruling letter (attach copy of ruling letter it necessary-see instructions ) 6 Domestic organizations than meet the section 4940(e) requirements m Part V, check here " CKI and enter 1 %. _ -k of Pan I, line 21b o All other domestic organizations enter 2% of line 27b Exempt foreign organizations enter 4 % of Part I, line 72, cot (b) 2 Tax under section 511 (domestic section 4997(a)(1) trusts and taxable foundations only Others enter -D-) 2 0 .
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