Return of Private Foundation OMB No
Total Page:16
File Type:pdf, Size:1020Kb
Return of Private Foundation OMB No. 1545-0047 Form 990-PF or Section 4947(a)(1) Trust Treated as Private Foundation 2019 Department of the Treasury a Do not enter social security numbers on this form as it may be made public. Internal Revenue Service Open to Public Inspection a Go to www.irs.gov/Form990PF for instructions and the latest information. For calendar year 2019 or tax year beginning , 2019, and ending , 20 Name of foundation A Employer identification number LUMINA FOUNDATION FOR EDUCATION, INC. 35-1813228 Number and street (or P.O. box number if mail is not delivered to street address) Room/suite B Telephone number (see instructions) 30 S MERIDIAN ST SUITE 700 (317) 951-5300 City or town, state or province, country, and ZIP or foreign postal code C If exemption application is pending, check here a INDIANAPOLIS, IN 46204 G Check all that apply: Initial return Initial return of a former public charity D 1. Foreign organizations, check here . a Final return Amended return 2. Foreign organizations meeting the 85% test, Address change Name change check here and attach computation ..a H Check type of organization: ✔ Section 501(c)(3) exempt private foundation E If private foundation status was terminated under Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation section 507(b)(1)(A), check here ....a ✔ I Fair market value of all assets at J Accounting method: Cash Accrual F If the foundation is in a 60-month termination end of year (from Part II, col. (c), Other (specify) under section 507(b)(1)(B), check here . a line 16) a $ 1,274,092,392 (Part I, column (d), must be on cash basis.) Disbursements Part I Analysis of Revenue and Expenses (The total of (a) Revenue and (d) expenses per (b) Net investment (c) Adjusted net for charitable amounts in columns (b), (c), and (d) may not necessarily equal income income purposes the amounts in column (a) (see instructions).) books (cash basis only) 1 Contributions, gifts, grants, etc., received (attach schedule) 1,000 2 Check a ✔ if the foundation is not required to attach Sch. B 3 Interest on savings and temporary cash investments 4 Dividends and interest from securities .... 11,416,663 15,498,007 5a Gross rents ............. b Net rental income or (loss) 6a Net gain or (loss) from sale of assets not on line 10 113,400,914 b Gross sales price for all assets on line 6a 584,496,775 7 Capital gain net income (from Part IV, line 2) . 77,806,917 Revenue 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) ...... 71,744 8,845,702 0 12 Total. Add lines 1 through 11 ....... 124,890,321 102,150,626 0 13 Compensation of officers, directors, trustees, etc. 2,976,535 192,778 2,761,621 14 Other employee salaries and wages ..... 6,392,573 326,790 6,325,327 15 Pension plans, employee benefits ..... 3,424,412 177,692 2,701,907 16a Legal fees (attach schedule) ....... 440,167 115,132 0 382,533 b Accounting fees (attach schedule) ..... 154,744 7,643 0 97,361 c Other professional fees (attach schedule) . 6,571,541 4,458,517 0 1,719,495 17 Interest .............. 105,584 115,694 18 Taxes (attach schedule) (see instructions) . 2,695,602 1,625,523 0 0 19 Depreciation (attach schedule) and depletion . 483,928 650,045 0 20 Occupancy ............. 729,022 65,393 632,133 21 Travel, conferences, and meetings ..... 4,052,696 21,655 3,799,926 22 Printing and publications ........ 795,946 883,908 23 Other expenses (attach schedule) ..... 12,579,982 7,717,222 0 12,233,328 24 Total operating and administrative expenses. Add lines 13 through 23 ......... 41,402,732 15,358,390 0 31,653,233 25 Contributions, gifts, grants paid ...... 46,311,136 55,824,546 Operating and Administrative Expenses 26 Total expenses and disbursements. Add lines 24 and 25 87,713,868 15,358,390 0 87,477,779 27 Subtract line 26 from line 12: a Excess of revenue over expenses and disbursements 37,176,453 b Net investment income (if negative, enter -0-) . 86,792,236 c Adjusted net income (if negative, enter -0-) . 0 For Paperwork Reduction Act Notice, see instructions. Cat. No. 11289X Form 990-PF (2019) Lumina Foundation for Education, Inc. 1 11/12/2020 5:43:32 PM 35-1813228 Form 990-PF (2019) Page 2 Part II Balance Sheets Attached schedules and amounts in the description column Beginning of year End of year 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 ........... 2 Savings and temporary cash investments ....... 27,291,682 15,313,600 15,313,600 3 Accounts receivable a 715,460 Less: allowance for doubtful accounts a 723,420 715,460 715,460 4 Pledges receivable a Less: allowance for doubtful accounts a 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) a 0 Less: allowance for doubtful accounts a 0 0 0 0 8 Inventories for sale or use ............ 9 Prepaid expenses and deferred charges ....... 909,945 1,110,832 1,110,832 Assets 10a Investments—U.S. and state government obligations (attach schedule) 60,968,410 58,385,952 58,385,952 b Investments—corporate stock (attach schedule) ..... 407,186,034 421,587,510 421,587,510 c Investments—corporate bonds (attach schedule) .... 54,932,651 51,772,359 51,772,359 11 Investments—land, buildings, and equipment: basis a 0 Less: accumulated depreciation (attach schedule) a 0 0 0 0 12 Investments—mortgage loans ........... 13 Investments—other (attach schedule) ........ 641,873,581 677,339,013 677,339,013 14 Land, buildings, and equipment: basis a 7,842,004 Less: accumulated depreciation (attach schedule) a 7,046,576 1,100,797 795,428 795,428 15 Other assets (describe a (SEE STATEMENT) ) 7,931,995 47,072,238 47,072,238 16 Total assets (to be completed by all filers—see the instructions. Also, see page 1, item I) ........ 1,202,918,515 1,274,092,392 1,274,092,392 17 Accounts payable and accrued expenses ....... 8,340,843 11,189,463 18 Grants payable ................ 19,649,084 11,912,866 19 Deferred revenue ............... 20 Loans from officers, directors, trustees, and other disqualified persons 0 0 21 Mortgages and other notes payable (attach schedule) . 0 0 Liabilities 22 Other liabilities (describe a ) 0 0 23 Total liabilities (add lines 17 through 22) ....... 27,989,927 23,102,329 Foundations that follow FASB ASC 958, check here a ✔ and complete lines 24, 25, 29, and 30. 24 Net assets without donor restrictions ........ 1,174,928,588 1,250,990,063 25 Net assets with donor restrictions ......... Foundations that do not follow FASB ASC 958, check here a and complete lines 26 through 30. 26 Capital stock, trust principal, or current funds ...... 27 Paid-in or capital surplus, or land, bldg., and equipment fund 28 Retained earnings, accumulated income, endowment, or other funds 29 Total net assets or fund balances (see instructions) . 1,174,928,588 1,250,990,063 30 Total liabilities and net assets/fund balances (see Net Assets or Fund Balances instructions) ................. 1,202,918,515 1,274,092,392 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 29 (must agree with end-of-year figure reported on prior year’s return) ................. 1 1,174,928,588 2 Enter amount from Part I, line 27a ...................... 2 37,176,453 3 Other increases not included in line 2 (itemize) a (SEE STATEMENT) 3 253,720,465 4 Add lines 1, 2, and 3 ........................... 4 1,465,825,506 5 Decreases not included in line 2 (itemize) a (SEE STATEMENT) 5 214,835,443 6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 . 6 1,250,990,063 Form 990-PF (2019) Lumina Foundation for Education, Inc. 2 11/12/2020 5:43:32 PM 35-1813228 Form 990-PF (2019) Page 3 Part IV Capital Gains and Losses for Tax on Investment Income (a) List and describe the kind(s) of property sold (for example, real estate, (b) How acquired (c) Date acquired (d) Date sold P—Purchase 2-story brick warehouse; or common stock, 200 shs. MLC Co.) D—Donation (mo., day, yr.) (mo., day, yr.) 1a TOTAL PUBLICLY TRADED SECURITIES PURCHASE b K-1 GAINS PURCHASE c d e (f) Depreciation allowed (g) Cost or other basis (h) Gain or (loss) (e) Gross sales price (or allowable) plus expense of sale ((e) plus (f) minus (g)) a 61,291,254 61,291,254 b 16,515,663 16,515,663 c d e Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69. (l) Gains (Col. (h) gain minus (j) Adjusted basis (k) Excess of col. (i) col. (k), but not less than -0-) or (i) FMV as of 12/31/69 as of 12/31/69 over col. (j), if any Losses (from col. (h)) a 0 61,291,254 b 0 16,515,663 c d e 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 77,806,917 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).