Return of Private Foundation
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Return OMB No 1545-0052 Form 990-PF of Private Foundation or Section 4947(a)(1) Nonexempt Charitable Trust Treated as a Private Foundation Department of the Treasury Internal R evenue Service Note. The foundation may be able to use a copy of this return to satisfy state reporting ri irements. 2010 For calendar year 2010, or tax ar beginning , and ending G Check all that apply: Initial return Initial return of a former public charity I-I Final return Amende d return 0 Address change 0 Name chang e Name of foundation A Employer identification number EQT FOUNDATION , INC. 04-3747289 Number and street (or P O box number if mail is not delivered to street address) Room/suite B Telephone number 625 LIBERTY AVENUE , SUITE 1700 412-395-3593 City or town, state, and ZIP code C If exemption application is pending, check here PI TTSBURGH, PA 15222-3111 D 1. Foreign organizations, check here 2. checForeign aaniz meetin 85% test, H Check type of organization ®Sectlon 501(c)(3) exempt private foundation here nd attach computaton 0 Section 4947 (a)( 1 ) nonexem pt charitable trust L Other taxable p rivate foundation E If private foun dation status was terminate d I Fair market value of all assets at end of year J Accounting method: 0 Cash ® Accrual under section 507(b)(1)(A), check here (from Part 11, col (c), line 16) = Other (specify) F If the foundation is in a 60-month termination 29 , 260 , 81 9 . (Part 1, column (d) must be on cash basis) under section 507 ( b )( 1 ) B), check here Analysis of Revenue and Expenses Part I (a) Revenue and (b) Net investment (c) Adjusted net (d) Disbursements (rhe total of amounts in columns (b) , (c), and (d) may not for charitable purposes books necessarily equal the amounts in column (a)) exp enses p er income Income (cash basis only) 1 Contributions, gifts, grants, etc , received N/A 2 Check ► ® if the foundation is not required to attach Sch B Interest on savings and temporary 3 cash investments 1 , 171. 1 , 171. a 4 Dividends and interest from securities 304 , 801. 304 , 801. G 5a Gross rents b Net rental income or (loss) Q 6a Net gain or foss) from sale of assets not on line 10 787 , 801. Gross sales price for all C b assets online 6a 3, 967,521. 7f 7 7 Capital gain net income (from Part IV, line 2) 787 , 801 . a 8 Net short-term capital gain 9 Income modlfl i on s CE^VE® Gross sales less r turns E of 10a and allowances b Less Cost of goo s, c Gross profit or r 11 Other income 5fl 12 Total Add lines 1 thro 1 1 . 093 . 773. 1 , 093 , 773. 13 Compensation of s ee e c 34 , 598. 34 , 598. 0. 14 Other employee salaries and wages 15 Pension plans, employee benefits 16a Legal fees STMT 1 8 , 740. 4 . 370. 4,370. b Accounting fees STMT 2 13 CL , 084. 6 , 542. 6 , 542. rj c Other professional fees STMT 3 157 , 458. 117 , 290. 40 , 168. 17 Interest 18 Taxes STMT 4 10 , 309. 0. 0. C 19 Depreciation and depletion 20 Occupancy 21 Travel, conferences, and meetings ro 22 Printing and publications Other expenses STMT 5 290. C 23 28 , 0. 28 , 290. 24 Total operating and administrative CL expenses Add lines 13 through 23 252 , 479. 162 , 800. 79 , 370. 0 25 Contributions, gifts, grants paid 3 12 3 656. 3 , 288 , 656. 26 Total expenses and disbursements. Add lines 24 and 25 3 376 135. 162 800. 3 , 368 , 026. 27 Subtract line 26 from line 12: a Excess of revenue over expenses and disbursements - 2 282 , 362. b Net investment income (if negative, enter -0-) 930 , 973. C Adjusted net income (if negative, enter -0-) N / A Paperwork Reduction Notice, instructions 1z0f10 LHA For Act see the Form 990-P ( 010) 1 13421103 798870 04479 2010.04050 EQT FOUNDATION, INC. 04479 1 Form 990-PF (2010) F.C)T 1'OTTNnATT(1N TN(' - nA_17 A77Q a pnna1) Beginning of year Balance Sheets Ached schedules and amounts in the description End of year Part ll column should be for end -of-year amounts only (a) Book Value (b) Book Value (c) Fair Market Value 1 Cash - non-interest-bearing 2 Savings and temporary cash investments 102 , 271. 484 , 636. 484 , 636. 3 Accounts receivable 0, 54. Less: allowance for doubtful accounts ► 60 , 845. 5 4. 54. 4 Pledges receivable ► Less: allowance for doubtful accounts ► 5 Grants receivable 6 Receivables due from officers, directors, trustees, and other disqualified persons 7 Other notes and loans receivable ► Less: allowance for doubtful accounts ► 8 Inventories for sale or use 9 Prepaid expenses and deferred charges a 10 a Investments - U.S. and state government obligations STMT 7 13 , 910 , 807. 11 098 , 667. 11 , 098 , 667. b Investments - corporate stock STMT 8 15 , 624 , 574. 17 : 676 , 215. 17 , 676 , 215. c Investments - corporate bonds 11 Investments - land,buildings , and equipment basis ► Less accumulated depreciation ► 12 Investments - mortgage loans 13 Investments - other 14 Land, buildings, and equipment: basis ► Less accumulated depreciation ► 15 Other assets (describe ► STATEMENT 9 6 , 056. 1 , 247. 1 , 247. 16 Total assets (to be com p leted by all filers ) 29 , 704 , 553. 29 , 260 , 819. 29 , 260 , 819. 17 Accounts payable and accrued expenses 18 Grants payable 1 , 115 , 000. 950 , 000. u) 19 Deferred revenue 20 Loans from officers, directors , trustees , and other disqualified persons 2 21 Mortgages and other notes payable J 22 Other liabilities (describe ► 23 Total liabilities add lines 17 throu g h 22 1 , 115 , 000. 950 , 000. Foundations that follow SFAS 117, check here ► Lil and complete lines 24 through 26 and lines 30 and 31 24 Unrestricted 28 , 589 , 553. 28 , 310 , 819. 5 25 Temporarily restricted m 26 Permanently restricted Foundations that do not follow SFAS 117, check here r_ ► LL and complete lines 27 through 31. y 27 Capital stock, trust principal, or current funds 28 Paid-in or capital surplus, or land, bldg , and equipment fund a 29 Retained earnings, accumulated income, endowment, or other funds Z 30 Total net assets or fund balances 28 , 589 , 553. 28 , 310 , 819. 31 Total liabilities and net assets/fund balances 29 , 704 , 553. 29 , 260 , 819. Part Ill 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) 28,589,553. 2 Enter amount from Part I, line 27a -2 ,282, 362. 3 Other increases not included in line 2 (itemize) ► SEE STATEMENT 6 2 ,003, 628. 4 Add lines 1, 2, and 3 28, 310, 819. 5 Decreases not included in line 2 (itemize) ► 0. 6 Total net assets or fund balances at end of year (line 4 minus line 5) - Part II, column (b), line 30 28, 310, 819. Form 990-P F (2010) 023511 12-07-10 2 \121103 798870 04479 2010.04050 EQT FOUNDATION, INC. 044791 Form 990-PF (2010) E OT FOUNDATION , INC. 04-3747289 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 Date acquired (d) Date sold D - Purchase 2-story brick warehouse; or common stock, 200 shs. MLC Co.) D - Donation (mo., day, yr.) (mo, day, yr.) la 14 925.277 SHS FIDELITY SPART TOTAL MKT P VARIOUS VARI OUS b 3 , 249 , 000.000 SHS US TREAS SEC STRIPPED P VARIOUS VARI OUS c 5 , 393.401 SHS VANGUARD TOTAL INTL STOCK d INDEX P VARIOUS VARIOUS 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 535 000. 511 496. 23 , 504. b 3 , 347 , 521. 2 , 583 , 250. 764 271. C d 85 000. 84 , 974. 26. 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 (j) 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. (I), if any Losses (from col. (h)) a 23 , 504. b 764 271. C d 26. 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 2 787 , 801. 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). If ( loss ), enter -0- in Part I line 8 3 N / A Part V 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 instructions before making any entries.