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Return of Private Foundation OMB No. 1545-0052 Form 990-PF or Section 4947(a)(1) Nonexempt Charitable Trust À¾´½ Department of the Treasury Treated as a Private Foundation 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 , 2009, and ending , 20 G Check all that apply: Initial return Initial return of a former public charity Final return Amended return Address change Name change Name of foundation A Employer identification number Use the IRS label. BILL & MELINDA GATES FOUNDATION TRUST 91-1663695 Otherwise, Number and street (or P.O. box number if mail is not delivered to street address) Room/suite B Telephone number (see page 10 of the instructions) print or type. PO BOX 23350 (206) 709-3100 See Specific City or town, state, and ZIP code C If exemption application mmmmmmmis I Instructions. pending, check here mI D 1. Foreign organizations, check here SEATTLE, WA 98102 2. Foreign organizations meeting the X 85% test, checkmmmmmmmmm here and attach I H Check type of organization: Section 501(c)(3) exempt private foundation computation Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation E If private foundation status was terminatedmI I Fair market value of all assets at end J Accounting method: CashX Accrual under section 507(b)(1)(A), check here (from Part II, col. (c), line of yearI Other (specify) F If the foundation is in a 60-month terminationmI 16) $ 33,498,185,159. (Part I, column (d) must be on cash basis.) under section 507(b)(1)(B), check here Part I Analysis of Revenue and Expenses (The (d) Disbursements total of amounts in columns (b), (c), and (d) (a) Revenue and (b) Net investment (c) Adjusted net for charitable may not necessarily equal the amounts in expenses per income income purposes books column (a) (see page 11 of the instructions).) m (cash basis only) 1 Contributions, gifts, grants, etc., received (attach schedule) 1,633,304,452. I if the foundationmmmmmmmmmm is not required to 2 Check attach Sch. B 475,138,310. 474,976,003. 3 Interest on savings and temporary cash investmentsmmmm 4 Dividends andmmmmmmmmmmmmmmmmm interest from securities 241,180,336. 258,948,580. 5 a Gross rents b Net rental income or (loss) 6 a Net gain or (loss) from sale of assets not on line 10 655,253,876. b Gross sales price for all 51320823102. assets on line 6a m 7 Capital gain net income (from Part IV, line 2) 1,187,234,980. Revenue mmmmmmmmm 8 Net short-term capital gainmmmmmmmmmmmm 9 Income modifications 10 a Gross sales less returnsmmmmm and allowances m b Less: Cost of goods sold mmmm c Gross profit or (loss) (attach schedule)mmmmmmm 11 Other income (attach schedule) mmmmmmmm 32,666,829. 3,036,077. 0. ATCH 1 12 Total. Add lines 1 through 11 3,037,543,803. 1,924,195,640. 0. mm 0. 0. 0. 13 Compensation of officers, directors, trustees,mmmmm etc. 14 Other employee salaries and wagesmmmmmm 15 Pension plans, employee benefitsmmmmmmmmm 16 a Legal fees (attach schedule) ATCHmmmmmm 2 14,063. 14,063. 0. 0. b Accounting fees (attach schedule) ATCH mmm3 227,216. 227,216. 0. 0. c Other professionalmmmmmmmmmmmmmmmmmmm fees (attach schedule) * 45,646,034. 45,646,034. 0. 0. 17 Interest ** 79,492,908. 9,522,652. 0. 0. 18 Taxes (attach schedule) (see page 14 of the instructions) m 19 Depreciation mmmmmmmmmmmmmmmmm(attach schedule) and depletion 20 Occupancy mmmmmm 21 Travel, conferences, and meetingsmmmmmmmmmm 22 Printing and publications mmmmmm 23 Other expenses (attach schedule) ATCH 6 259. 15,163,072. 0. 25. 24 Total operating and administrativemmmmmmmmmm expenses. Add lines 13 through 23 125,380,480. 70,573,037. 0. 25. Operating and Administrative Expenses mmmmmmm 25 Contributions, gifts, grants paid 3,626,100,000. 1,645,000,000. 26 Total expenses and disbursements. Add lines 24 and 25 3,751,480,480. 70,573,037. 0. 1,645,000,025. 27 Subtract line 26 from line 12: mm a Excess of revenue over expenses and disbursements -713,936,677. b Net investment income (if negative, enter -0-)mm 1,853,622,603. c Adjusted net income (if negative, enter -0-) 0.-0- For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions. * ATCH 4 JSA ** ATCH 5 Form 990-PF (2009) 9E1410 2.000 FOR PUBLIC DISCLOSURE Form 990-PF (2009) 91-1663695 Page 2 Attached schedules and amounts in the Beginning of year End of year Part II Balance Sheets description column should be for end-of-year amountsmmmmmmmmmmmmmmmmmm only. (See instructions.) (a) Book Value (b) Book Value (c) Fair Market Value 1 Cash - non-interest-bearing mmmmmmmmmmm 2 Savings and temporaryI cash investments 298,342,354. 493,659,746. 493,659,746. 3 Accounts receivable I123,627,111. Less: allowance for doubtfulI accounts 141,913,271. 123,627,111. 123,627,111. 4 Pledges receivable I Less: allowance for doubtfulmmmmmmmmmmmmmmmmmmmmmm accounts 5 Grants receivable 6 Receivables due from officers, directors, trustees, and other disqualified persons (attach schedule) (see page 16 of theI instructions) 7 Other notes and loans receivable (attachI schedule) Less: allowance for doubtful mmmmmmmmmmmmmmmmmmaccounts 8 Inventories for sale or use mmmmmmmmmmmm 9 Prepaid expenses and deferred charges m a ** 6,105,751,349. 10,728,948,837. 10,728,948,837. Assets 10 Investments - U.S. and state government obligations (attachmmmmmmmm schedule) b Investments - corporate stock (attach schedule) mmmmmmmmATCH 8 13,530,725,049. 14,887,415,025. 14,887,415,025. c Investments - corporate bonds (attach schedule) ATCH 9 1,845,629,828. 2,694,997,844. 2,694,997,844. 11 Investments - land, buildings, I and equipment: basis Less: accumulated depreciation I (attach schedule) mmmmmmmmmmmmmmmm 12 Investments - mortgage loans mmmmmmmmmmmmm 13 Investments - other (attach schedule) ATCH 10 7,707,068,011. 4,569,536,596. 4,569,536,596. 14 Land, buildings, and I equipment: basis Less: accumulated depreciation I (attach schedule) 15 Other assets (describe IATCH 11 ) 44,118,981. 0. 0. 16 Total assets (to be completed by all filersmmmmmmmmmmmmm - see the instructions. Also, see page 1, item I) mmmmmmmmmmm29,673,548,843. 33,498,185,159. 33,498,185,159. 17 Accounts payable mmmmmmmmmmmmmmmmmmmmmmmand accrued expenses 499,622. 1,466,444. 18 Grants payable mmmmmmmmmmmmmmmmmmmmmm 19 Deferred revenue m 20 Loans from officers, directors, trustees, and other disqualified personsmmmmm 21 Mortgages and other notes payable (attach schedule) Liabilities I 98,563,608. 56,922,412. 22 Other liabilities (describe ATCH 12mmmmmmmmmmm) 23 Total liabilities (add lines 17 through 22) 99,063,230. 58,388,856. Foundations that follow SFAS 117, check here IX and complete lines 24 through 26 and lines 30 and 31. mmmmmmmmmmmmmmmmmmmmmmmmm29,574,485,613. 33,439,796,303. 24 Unrestricted mmmmmmmmmmmmmmmmmmmm 25 Temporarily restricted mmmmmmmmmmmmmmmmmmmm 26 Permanently restricted Foundations that do not follow SFAS 117, I check here and complete lines 27 throughmmmmmmmmm 31. 27 Capital stock, trust principal, or current funds mmmmm 28 Paid-in or capital surplus, or land, bldg., and equipment fund mm 29 Retained earnings, accumulated income, endowment, or other funds 30 Total net assets or fund balances (see page 17 of the mmmmmmmmmmmmmmmmmmmmmmmmm29,574,485,613. 33,439,796,303. Net Assets or Fund Balances instructions) 31 Total liabilities and mmmmmmmmmmmmmmmmmmmmmmnet assets/fund balances (see page 17 of the instructions) 29,673,548,843. 33,498,185,159. Part III Analysis of Changes in Net Assets or Fund Balances 1 Total net assets or fund balances at beginning of yearmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm - Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year'smmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm return) 1 29,574,485,613. 2 Enter amount from Part I, line 27a I 2 -713,936,677. 3 Other increases not includedmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm in line 2 (itemize) ATTACHMENT 13 3 4,579,247,367. 4 Add lines 1, 2, and 3 I 4 33,439,796,303. 5 Decreases not included in line 2 (itemize) mmmmm5 6 Total net assets or fund balances at end of year (line 4 minus line 5) - Part II, column (b), line 30 6 33,439,796,303. ** ATCH 7 Form 990-PF (2009) JSA 9E1420 1.000 FOR PUBLIC DISCLOSURE Form 990-PF (2009) 91-1663695 Page 3 Part IV Capital Gains and Losses for Tax on Investment Income (b) How (c) Date (a) List and describe the kind(s) of property sold (e.g., real estate, acquired (d) Date sold P-Purchase acquired (mo., day, yr.) 2-story brick warehouse; or common stock, 200 shs. MLC Co.) D-Donation (mo., day, yr.) 1a SEE PART IV SCHEDULE b 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 b 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) F.M.V. as of 12/31/69 as of 12/31/69 over col. (j), if any Losses (from col. (h)) a b c d e mmmmm 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 1,187,234,980. 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,mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm column (c) (see pages 13 and 17 of the instructions).