990-PF Return of Private Foundation
Total Page:16
File Type:pdf, Size:1020Kb
EXTENDED TO NOVEMBER 15, 2016 Return of Private Foundation OMB No 1545-0052 Form 990-PF or Section 4947(a)(1) Trust Treated as Private Foundation Department of the Treasury ll^ Do not enter social security numbers on this form as it may be made public. Internal Revenue Service No- Information about Form 990-PF and its separate instructions is atWWW-11S-gov/form For calendar year 2015 or tax year begin ning , and ending Name of foundation A Employer Identification number THE GRABLE FOUNDATION 25-1309888 Number and street (or P O box number if mail is not delivered to street address) Room/suite B Telephone number 650 SMITHFIELD STREET 1240 (412 ) 471-4550 City or town, state or province , country, and ZIP or foreign postal code C If exemption application is pending, check here ► PITTSBURGH , PA 15222 G Check all that apply: L-J Initial return Initial return of a former public charity D 1. Foreign organizations , check here 0 Final return El Amended return rioranizations meetin g the 85% test. 0 Address change 0 Name change 2 check here and ttach computation H Check type of organization : Section 501(c)(3 ) exempt private foundation E If private foundation status was terminated Section 4947(a)(1) nonexempt charitable trust 0 Other taxable private foundation under section 507(b)(1)(A), check here I Fair market value of all assets at end of year J Accounting method: L-i Cash X Accrual F If the foundation is in a 60-month termination (from Part ll, col. (c), line 16) Li Other (specify ) under section 507(b)(1)(B), check here ► $ 283,867,597 . (Part 1, column (d) must be on cash basis.) Part I Analysis of Revenue and Expenses a) Revenue d Disbursements (The total of amounts in columns (b), (c), and (d) may not ( and (b ) Net investment (c) Adjusted net ( ) expenses per books income for ch aritable p urponl oy)ses necessari ly equal th e amounts in column (a}) y income (cash(y)basis only) 1 Contributions, gifts, grants, etc., received N/A 2 Check ► FXI if the foundahonis not required to attach Sch B 3 Interest on savings and temporary cash investments - - 4 Dividends and interest from securities 2,086,467. 4 , 729,359 . S TATEMENT 1 5a Gross rents - - b Net rental income or ( loss) 6a Net gain or (loss ) from sale of assets not on line 10 - <38,068. > Gross sales p rice for all b assets on line 6a . 18,473,337. } 7 Capital 4UA rncometfron, Past lv tie zFT--l 8,155,796. 8 Net sho -term capital-gain- • 9 Income mo4lf(I;ations c)^_ { Gross sales:less returns I C 10a and allowances '' ,Nj o t r? ^ ^ ^ b Less CosIt•of_goodsls6ii " L r` r I - c Gross ptoflt nr4loss) 11 Other in I ^ome , -:-•-w---^ 9,737,172. 46,618. S TATEMENT 2 12 Tota l. Ad-tne1-thro'ugli 11 - 11 , 785 , 571 . 12,931 , 773 . 13 Compensation of officers , directors , trustees, etc - 325 , 000 . 9 , 750 . 315,250. 14 Other employee salaries and wages 821,792. 24 , 654. 797,138. 15 Pension plans, employee benefits 418 , 713 . 12, 561 . 406,152. 16a Legal fees Q b Accounting fees STMT 3 31,741. 952. 30,789. W c Other professional fees STMT 4. 376,041. 358,446. 17,595. 17 Interest 59, 360. 18 Taxes - STMT 5 105,000. 44 , 605. 0. 19 Depreciation and depletion - E 20 Occupancy 118,532. 3,556. 114,976. a 21 Travel , conferences, and meetings 117,651. 1 , 654. 115,849. r- 22 Printing and publications 23 Other expenses STMT 6 261,196. 1,14 4 , 112. 256,297. 24 Total operating and administrative fl expenses . Add lines 13 through 23 2,575,666 . 1,659,650. 2,054,046. 0 25 Contributions , gifts, grants paid 12 , 599 , 037. 12 , 394,935. 26 Total expenses and disbursements. Add lines 24 and 25 15,174 , 703. 1,659,650 . 14,448,981. 27 Subtract line 26 from line 12: a Excess of revenue over expenses and disbursements <3 , 3 8 9 , 13 2 . b Net investment income (if negative , enter -0-) 11 , 2 7 2 ,12 3 . c Adjusted net income (if negative . enter -0-) N/A 11-24-15 LHA For Paperwork Reduction Act Notice, see instructions . Form9Q^PF (2015) 1 14571109 798870 05AOZR 2015.04030 THE GRABLE FOUNDATION 05AOZR 1 Form 990-PF 2015 THE GRABLE FOUNDATION 25-1309888 2 1W - Attached schedules and amounts in the descnphon Beginning of year End of year Part Balance Sheets II column should betorend-ot-year amounts only (a) Book Value (b) Book Value If Fair Market Value 1 Cash - non-interest-bearing - 2 Savings and temporary cash investments 2,040,485. 1,789,760. 1,789,760. 3 Accounts receivable ► 18,382. i Less: allowance for doubtful accounts ► 20 , 045. 18 , 382. 18,382. 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 < 10a Investments - U.S. and state government obligations b Investments - corporate stock STMT 7 95,152,028. 84,952,732. 84,952,732. c Investments - corporate bonds - - 11 Investments - land, buildings, and equipment basis ► --- -- ------ -- ---- - Less accumulated depreciation ► 12 Investments - mortgage loans - Q 131 nvestments - ofher STMT 192 966 373 195 437 630 = J I V J V 14 Land , buildings, and equipment: basis ► Less accumulated depreciation ► 15 Other assets (describe ► OTHER ASSET ) 1,669,093. 1,669,093. 1,669,093. 16 Total assets (to be completed by all filers - see the instructions . Also, see page 1, item I 291, 848, 024. 28 3,867,597. 283,867,597. 17 Accounts payable and accrued expenses - 211,821. 222,067. 1 18 Grants payable 9,855,809. 10,247,991. w 19 Deferred revenue - - - •*-' 20 Loans from officers, directors, trustees, and other disqualified persons - - 21 Mortgages and other notes payable - - 22 Other liabilities (describe ► 23 Total liabilities (add lines 17 through 22) 10,067,630. 10,470,058. Foundations that follow SFAS 117, check here ► X and complete lines 24 through 26 and lines 30 and 31. 24 Unrestricted 281,780,394. 273,397,539. m 25 Temporarily restricted - m 26 Permanently restricted - Foundations that do not follow SFAS 117, check here ► U. and complete lines 27 through 31. y 27 Capital stock, trust principal, or current funds y 28 Paid-in or capital surplus, or land, bldg., and equipment fund 29 Retained earnings, accumulated income, endowment, or other funds - Z 30 Total net assets or fund balances 281,780,394. 273,397,539. 31 Total liabilities and net assets/fund balances 291,848,024. 283,867,597. 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) - - - - 281,780,394. 2 Enter amount from Part I, line 27a <3,389,132. > 3 Other increases not included in line 2 (itemize) ► 0. 4 Add lines 1, 2, and 3 278,391,262. 5 Decreases not included in line 2 (itemize) ► UNREALIZED LOSS ON INVESTMENTS 4,993,723. 6 Total net assets or fund balances at end of year (line 4 minus line 5) - Part II. column (b). line 30 273,397,539. Form 990-PF (2015) 523511 11-24-15 2 14571109 798870 05AOZR 2015.04030 THE GRABLE FOUNDATION 05AOZR_1 Form 990-PF (2015) THE GRABLE FOUNDATION 25-1309888 Page 3 Pa rt IV Capital G ains and Losses for Tax on Investment Income acquire (a) List and describe the kind(s) of property sold (e.g., real estate, How (C) Date acquired (d) Date sold Purchase (mo., yr.) 2-storyrY brick warehouse; or common stock, 200 shs. MLC Co.) D Donation day, yr.) (mo., day, la SEE STATEMENT 10 P VARIOUS VARIOUS b c d e Depreciation allowed (g) Cost or other basis (h) Gain or (loss) (e) Gross sales price (f) (or allowable) plus expense of sale (e) plus (f) minus (g) a 18,473,337. 10,317,541. 8,155,796. b c d 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 than or (k) Excess of col. (i) col. (k), but not less -0-) (j) Adjusted basis Losses (from col. (h)) (i) F.M.V. as of 12/31/69 as of 12/31/69 over col. (1), if any a 8,155,796. b c d 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 8,155,796. 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 Q ualification 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? Yes X No If "Yes," the foundation does not qualify under section 4940 (e).