Form 990-PF Z
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FILED PURSUANT TO NOTICE 2004-35 Return of Private Foundation OMB No 1545-0052 Form 990-PF or Section 4947(a)(1) Nonexempt Charitable Trust Treated as a Private Foundation Department of the Treasury 2009 Internal Revenue Service Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements. For calendar year 2009, or tax year beginning , and ending G Check all that apply. L_J Initial return L_J Initial return of a former public charity L_J Final return 0 Amended return ® Address change LJ Name change Name of foundation A Employer identification number Use the IRS label. HE SEARLE FREEDOM TRUST F/K/A D&D FNDTN Otherwise , /O KINSHIP TRUST COMPANY 36-7244615 print Number and street (or P O box number if mail Is not delivered to street address) Room/swte B Telephone number or type - 303 W MADISON 1800 312-803-6700 See Specifi City or town, state, and ZIP code C It exemption application is pending, check here Instructions ► H ICAGO , IL 6 0 6 0 6 D 1. Foreign organizations, check here p Foreign organizations meeting the 85% test, H Check type of organization: Section 501(c)(3) exem t private foundation check here and attach computation 0 Section 4947 (a)( 1 ) nonexemp t charitable trust 0 Other taxable private foundation E If private foundation status was terminated Accrual I Fair market value of all assets at end of year J Accounting method: Cash under section 507(b)(1)(A), check here ► 0 (from Part ll, col (C), line 16) = Other (specify) F If the foundation is in a 60-month termination 121, 2 9 7 , 5 6 7 . (Part 1, column (d) must be on cash basis) under section 507 (b) ( 1) B), check here Part I Analysis of Revenue and Expenses (a) Revenue and (b ) Net investment (c) Adjusted net d Disbursements (The total of amounts in columns ( b), (c), and (d) may not for charitable purposes necessarily equal the amounts in column (a)) expenses per books income income (cash basis only) 1 Contributions, gifts, grants, etc., received 39,821,590 . N/A 2 Check ► Q if the foundation is not required to attach Sch B 3 Interestvonestmentsan and temporary 1,980,995 . 1,975, 384. 4 Dividends and interest from securities 1,202,951 . 1,202, 951. 5a Gross rents -60,047. -60,047. REC / b Net rental income or (loss) -60,047. - --- - U 6a Net gain or (loss) from sale of assets not on line 10 -1,006,080. M b Gross sales price for all n assets on line 6a 2 , 894 , 831. >a, 7 Capital gain net income (from Part N, line 2) 0. -_ cc 8 Net short-term capital gain UT 9 Income modifications Gross sales less returns 10a and allowances b Less Cost of goods sold c Gross profit or (loss) 11 Other income 3,555,439. 3,555,439. 12 Total. Add lines 1 through 11 45,494 , 848 - 6,673,727 . 13 Compensation of officers, directors, trustees, etc 410 , 200 . 0 . 0. 14 Other employee salaries and wages 108 , 917 . 0 . 0 . 15 Pension plans, employee benefits 88 , 338 . 0 . 0 0 16a Legal fees 11, 705. 0. 0. b Accounting fees CL W c Other professional fees 17 Interest 822, 986. 822,986 . 0. m 18 Taxes 47,203. 43,074. 0. c^.t 19 Depreciation and depletion 21 , 121 . 3 , 8 0 8 . 20 Occupancy 231 , 275 . 0. 0. a 21 Travel, conferences, and meetings 40 , 903 . 0 . 0. O c 22 Printing and publications 10 , 202 . 0 . 0 . z 1,802,396. 2,238,742. 0. co 23 Other expenses C 24 Total operating and administrative LL z a expenses . Add lines 13 through 23 3 , 5 9 5 , 246 . 3,108,610 . 0 . z 0 25 Contributions, gifts, grants paid 12 , 3 6 5 , 616. 12,365,616 . 26 Total expenses and disbursements. C.) M Add lines 24 and 25 15,960,862. 3,108,610. 12,365,616. 27 Subtract line 26 from line 12: 8 Excess of revenue over expenses and disbursements 29 ,533,986 . b Net investment income (d negative , enter -0-) 3 , 5 6 5 ,117 c Adjusted net income (d negative, enter -0-) N/A 0`2-02-'lo LHA For Privacy Act and Paperwork Reduction Act Notice , see the instructions . 1 Form 990-PF (2009) ' THE SEARLE FREEDOM TRUST F/K/A D&D FNDTN Form 990-PF (2009) C / O KINSHIP TRUST COMPANY 36-7244615 Page 2 ^chedschedules andamounts mthedescnphon Beginning of year End of year Part ll Balance Sheets A column should be for end-ot-year amounts onty (a) Book Val ue (b) Book Value (c) Fair Market Value 1 Cash - non-interest-bearing -5. 2 Savings and temporary cash investments 1 , 909 , 967. 8 , 139 , 353. 8 , 139 , 353. 3 Accounts receivable ► 359. Less: allowance for doubtful accounts ► 5 , 771. 359. 359. 4 Pledges receivable ► Less: allowance for doubtful accounts ► 5 Grants receivable 6 Receivables due from officers, directors, trustees, and other disqualified persons 7 ether notesand loans receivable ► Less: allowance for doubtful accounts ► r 8 Inventories for sale or use y 9 Prepaid expenses and deferred charges a 10a Investments - U.S. and state government obligations b Investments - corporate stock c Investments - corporate bonds 11 Investments - land,buildinps , and equipment basis ► Less accumulated depreciation ► 12 Investments - mortgage loans 13 Investments - other STMT 10 100 380 511. 123 671 703. 112 929 136. 14 Land, buildings, and equipment basis ► 112 , 532. Less accumulated depreciation $ TMT 51 , 288. 75 017. 61 244. 61 , 244. 15 Other assets (describe ► STATEMENT 12 ) 110 , 968. 167 : 475. 167 , 475. 16 Total assets (to be completed by all filers ) 102 , 482 , 229. 132 , 040 , 134. 121 , 297 , 567. 17 Accounts payable and accrued expenses -1 , 681. 22 , 403. 18 Grants payable u) 19 Deferred revenue •'= 20 Loans from officers, directors , trustees, and other disqualified persons 1 21 Mortgages and other notes payable 22 Other liabilities (describe ► 23 Total liabilities add lines 17 throu g h 22 ) -1 , 681. 22 , 403. Foundations that follow SFAS 117, check here ► and complete lines 24 through 26 and lines 30 and 31. 24 Unrestricted 25 Temporarily restricted co 26 Permanently restricted Foundations that do not follow SFAS 117, check here Po. r_ U. and complete lines 27 through 31. y 27 Capital stock, trust principal, or current funds 0. 0. 28 Paid-in or capital surplus, or land, bldg., and equipment fund 0. 0. a 29 Retained earnings, accumulated income, endowment, or other funds 102 , 483 , 910. 132 , 017 , 731. Z 30 Total net assets or fund balances 102 , 483 , 910. 132 , 017 , 731. 31 Total liabilities and net assets/fund balances 102 , 482 , 229. 132 , 040 , 134. 1 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-of-year figure reported on prior year's return) 102,483,910. 2 Enter amount from Part I, line 27a 3 Other increases not included in line 2 (itemize) ► 4 Add lines 1, 2, and 3 5 Decreases not included in line 2 (itemize) ► SEE STATEMENT 9 132,017,731. Form 990-PF (2009) 923511 02-02-10 16061109 796085 367244615 2009.04010 THE SEARLE FREEDOM TRUST F/ 36724461 THE SEARLE FREEDOM TRUST F/K/A D&D FNDTN Form 990-PF (2009) C / O KINSHIP TRUST COMPANY 36-72 44615 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 (c) Date acquired (d) Date sold Purchase 2-story brick warehouse; or common stock, 200 shs. MLC Co. D Donation (mo., day, yr.) (mo., day, yr.) la b SEE ATTACHED STATEMENTS C d e (f) Depreciation allowed (g) Cost or other Gain or (loss) (e) Gross sales price basis (h) (or allowable) plus expense of sale (e) plus (f) minus (g) a b c d e 2 , 894 , 31. 1 1 3 , 712 , 910. - 818 , 079. 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 Losses (from col. (h)) (i) F.M.V. as of 12/31/69 as of 12/31/69 over col. (j), if any a b c d e - 818 , 079. 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 - 818 , 079. 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 I 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 periods 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.