Return of Private Foundation
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EXTENDED TO NOVEMBER 15, 2017 Return of Private Foundation OMB No 1545-0052 form 996-PF or Section 4947(a)(1) Trust Treated as Private Foundation Do not enter social security numbers on this form as it may be made public. 20 1 6 Department of the Treasury ► www.irs.goVHOrM990pf. Internal Revenue Service ► Information about Form 990-PF and its sep arate instructions is at For calendar year 2016 or tax year beginning and ending Name of foundation A Employer identification number THE BLOOMBERG FAMILY FOUNDATION INC 20-5602483 Number and street (or P O box number if mail is not delivered to street address) Room/suite B Telephone number C/O GELLER & CO, 909 THIRD AVE, 16TH FL 212-205-0100 City or town, state or province, country, and ZIP or foreign postal code C If exemption application is pending , check here W17 NEW YORK, NY 10022 G Check all that apply: L_J Initial return initial return of a former public charity D 1. Foreign organizations, check here Final return Amended return 2. Foreign organizations meeting the 85% test, Address change Name change check here and attach computation H Check type of organization: LXJ Section 501(c)(3) exempt private foundation E If private foundation status was terminated = Section 4947(a)(1) nonexempt charitable trust = Other taxable private foundation under section 507(b)(1)(A), check here ► Fair market value of all assets at end of year J Accounting method: L_J Cash L_J Accrual F If the foundation is in a 60-month termination (from Part ll, col (c), line 16) ® Other (specify) MODIFIED CASH BAS under section 507(b)(1)(B), check here (Part 1, column (d) must be on cash basis) ► $ 7 , 8 5 0 , 216 , 9 6 9 . Part 1 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 384,112,869 . N/A 2 Check ► 0 Itthefoundaton is not required to attach Sch B 3 Interest on savings and temporary cash investments 4 , 390. 4 , 390 . S TATEMENT 1 4 Dividends and interest from securities 12,026. 12,026. S TATEMENT 2 5a Gross rents b Net rental income or (loss) C=) 6a Net gain or(loss)from sale of assets not on line 10 164,574,409 . S TATEMENT 9 ® 7 Gross sales price for all L a b assets on line 6a 7 Capital gain net income (from Part IV, line 2) 161,503,266 . 8 Net short-term capital gain 9 Income modifications Gross sales less returns lOa and allowances b Less Cost of goods sold c Gross profit or (loss) 11 Other Income <4,887,352. > 15,577,669. S TATEMENT 3 12 Total. Add lines 1through ll 543,816,342.177,097,351. 13 Compensation of officers , directors , trustees, etc 207 , 900 . 51, 975 . 155,925. 14 Other employee salaries and wages L 1 15 Pension plans, employee benefits y 16a Legal fees STMT 4 154,883. 38,721. 116,162. d b Accounting fees STMT 5 1,376,178. 325,770. 1,050,408. W; c Othe7 profe"sslonal fees STMT 6 9,099,430. 0. 9,099,430. t-7_gterestV'I 18 Taxes n STMT 7 4,072,483. 0. 0. c ^19^ ^O r6,atiEn'^a1id deple^tlon 20 Occupancy r C j21"- ravel,conferepes; and eetings 1,315,460. 7,567. 1,307,893. c^ P2 PrV goa,Qd'pQb(IcatLo^l 23 Other expenses STMT 8 152,854. 39,240. 102,521. 24 Total operating and administrative a expenses . Add lines 13 through 23 16, 379,188. 463,273. 11, 832,339. 0 25 Contributions, gifts, grants paid 346, 083,793. 346, 083,793. 26 Total expenses and disbursements. Add lines 24 and 25 362,462,981. 463,273. 357,916,132. 27 Subtract line 26 from line 12: a Excess of revenue over expenses and disbursements 181,353,361. b Net Investment Income (if negative, enter -0-) 176,634,078. 1 c Adjusted net Income (d negative. enter -0-) N/A 623501 11-23-16 LHA For Paperwork Reduction Act Notice, see instructions . 1 Formn990-PF (2016) 15471108 737725 BLOOMFAMFND 2016.04030 THE BLOOMBERG FAMILY FOUNDA BLOOMFA2 Fhrm 990-PF (2016) THE BLOOMBERG FAMILY FOUNDATION INC 20-5602 483 Pane 2 schedules and amounts in lhedescnpLOn Beginning of year End of year P art II Balance Sheets "all" 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 73,205,237. 2 3, 5 8 2. 2 3, 5 1, 8 2. 3 Accounts receivable ► Less: allowance for doubtful accounts ► 4 Pledges receivable ► allowance Less: for doubtful accounts ► 5 Grants receivable 6 Receivables due from officers, directors, trustees, and other disqualified persons Other notes 7 and loins receivable ► Less: allowance for doubtful accounts ► Y 8 Inventories for sale or use 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, buildings, and equipment basis ► Less accumulated depreciation ► 12 Investments - mortgage loans 13 Investments - other STMT 11 7,070 197,067. 7,817,719 937. 7,817,719,937. 14 Land, buildings, and equipment basis ► Less accumulated deprecabon 15 Other assets (describe ► STATEMENT 12 ) 13,093,700. 8,935,350. 8,935,350. 16 Total assets (to be completed by all filers - see the instructions Also, see page 1,item l 7,156 496,004. 7 , 850,216 , 969. 7,850,216,969. 17 Accounts payable and accrued expenses 18 Grants payable 19 Deferred revenue 20 Loans from officers , directors , trustees , and other disqualified persons 20 21 Mortgages and other notes payable 22 Other liabilities (describe ► STATEMENT 13 ) 10,343,700. 4,935,350. 23 Total liabilities add lines 17 through 22 10,343,700. 4,935,350. Foundations that follow SFAS 117, check here ► and complete lines 24 through 26 and lines 30 and 31. N 24 Unrestricted 7,144 944,316. 7 , 836,551,391. 1 25 Temporarily restricted 1 ,207,988. 8,730,228. M 26 Permanently restricted r_ Foundations that do not follow SFAS 117, check here ► Q LL 0 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 in 29 Retained earnings, accumulated income, endowment, or other funds Z01 30 Total net assets or fund balances 7,146 152,304. 7 , 845,281 , 619. 31 Total liabilities and net assets/fund balances 7,156 , 496,004, 7,850, 216 969. 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) 7,146 ,152,304. 2 Enter amount from Part I, line 27a 31,353,361. 3 Other increases not included in line 2 (itemize) ► SEE STATEMENT 10 17,775,9517 4 Add lines 1, 2, and 3 7,845, 281,619. Decreases not included 5 in line 2 (itemize) ► 0. 6 Total net assets or fund balances at end of year (line 4 minus line 5) -Part II. column W. line 30 7,845 , 281,619. Form 990-PF (2016) 823511 11-23.16 2 15471108 737725 BLOOMFAMFND 2016.04030 THE BLOOMBERG FAMILY FOUNDA BLOOMFA2 Form 990-PF (2016) THE BLOOMBERG FAMILY FOUNDATION INC 20-5602483 Page 3 Part IV Capital G ains and Losses for Tax on Investment Income (a) List and describe the kind(s) of property sold (e.g., real estate, ow acquired (c) Date acquired (d) Date sold 2-story brick warehouse; or common stock, 200 shs. MLC Co.) D - Donation (mo., day, yr.) (mo., day, yr.) taTHRU PARTNERSHIP INVESTMENTS b UNRELATED BUSINESS GAIN REPORTED ON FORM c 990-T d 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 164,574,409. b c <3,071,143. 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 (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. (1), if any a 164,574,409. b c < 3 ,07 1,14 3. d e r If gain, also enter in Part I, line 7 2 Capital gain net income or (net capital loss) Vl If (loss), enter -0- in Part I, line 7 2 161,503,266. 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 Qua lification U nder ectton 4M(e) for Rea-uced Tax 3n Net Investment Income (For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.) It 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 LX No If "Yes," the foundation does not qualify under section 4940 ( e).