Return of Private Foundation OMB No. 1545-0052 Form 990-PF or Section 4947(a)(1) Nonexempt Charitable Trust 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. À¾´¼ For calendar year 2008, or tax year beginning , 2008, and ending , 20 07/01 06/30 09 G Check all that apply: Initial return Final return Amended return Address change Name change Name of foundation A Employer identification number Use the IRS label. THE J. PAUL GETTY TRUST 95-1790021 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. See Specific 1200 GETTY CENTER DRIVE, SUITE 401 (310) 440-6040 City or town, state, and ZIP code C If exemption application is Instructions. pending, check here mmmmmmmI D 1. Foreign organizations, check here m I 2. Foreign organizations meeting the LOS ANGELES, CA 90049 85% test, check here and attach H Check type of organization:X Section 501(c)(3) exempt private foundation computation mmmmmmmmmI Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation E If private foundation status was terminated I Fair market value of all assets at end J Accounting method: CashX Accrual under section 507(b)(1)(A), check here m I of year (from Part II, col. (c), line Other (specify) F If the foundation is in a 60-month termination 16) $ (Part I, column (d) must be on cash basis.) under section 507(b)(1)(B), check here I 9,339,172,138. m I 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).) (cash basis only) 1 Contributions, gifts, grants, etc., received (attach schedule) m if the foundation is not required to 5,006,626. 2 Check I attach Sch. B mmmmmmmmmm 3 Interest on savings and temporary cash investments 1,920,370. 1,920,370. 1,920,370. 4 Dividends and interest from securities mmmm 29,851,084. 21,820,635. 33,108,009. STMT 4 5a Gross rents mmmmmmmmmmmmmmmmm 386,737. 386,737. 386,737. b Net rental income or (loss) 211,768. 6a Net gain or (loss) from sale of assets not on line 10 b Gross sales price for all -249,044,122. assets on line 6a 2,615,735,999. 7 Capital gain net income (from Part IV, line 2) m Revenue 8 Net short-term capital gain mmmmmmmmm 9 Income modifications mmmmmmmmmmmm 10 a Gross sales less returns 2,161,230. and allowances mmmmm 16,902,084. STMT 5 b Less: Cost of goods sold m 8,962,810. c Gross profit or (loss) (attach schedule) mmmm 7,939,274. 7,939,274. 11 Other income (attach schedule) mmmmmmm 28,326,076. 87,854,746. 89,056,549. STMT 6 12 Total. Add lines 1 through 11 mmmmmmmm -175,613,955. 111,982,488. 134,572,169. 13 Compensation of officers, directors, trustees, etc. mm 3,501,872. 1,196,012. 1,252,210. 2,249,662. 14 Other employee salaries and wages mmmmm 86,219,142. 433,190. 2,326,787. 83,892,355. 15 Pension plans, employee benefits mmmmmm 34,197,842. 586,513. 1,220,116. 32,977,726. 16a Legal fees (attach schedule) mmmmmmmmmSTMT 7 1,828,727. 276,513. 276,513. 1,552,214. b Accounting fees (attach schedule)STMTmmmmmm 8 313,249. 130,103. 277,046. 36,203. c Other professional fees (attach schedule)STMT mmm9 7,289,497. 7,270,497. 7,270,497. 19,000. 17 Interest mmmmmmmmmmmmmmmmmmmSTMT 10 24,347,611. 24,347,611. 18 Taxes (attach schedule) (see page 14 of the instructions)** 631,079. 72. 384,232. 246,847. 19 Depreciation (attach schedule) and depletion m 47,888,624. 44,980. 140,679. 20 Occupancy mmmmmmmmmmmmmmmmm 12,007,770. 9,277. 2,596,801. 9,410,969. 21 Travel, conferences, and meetings mmmmmm 5,112,564. 82,489. 574,893. 4,537,671. 22 Printing and publications mmmmmmmmmm 2,692,109. 4,364. 89,771. 2,602,338. 23 Other expenses (attach schedule) STMTmmmmmm 12 55,434,080. 59,868,923. 80,447,928. 46,273,353. 24 Total operating and administrative expenses. Add lines 13 through 23 mmmmmmmmmm 281,464,166. 69,902,933. 121,205,084. 183,798,338. Operating and Administrative Expenses Operating and Administrative 25 Contributions, gifts, grants paid mmmmmmm 13,109,320. 14,774,024. 26 Total expenses and disbursements. Add lines 24 and 25 294,573,486. 69,902,933. 121,205,084. 198,572,362. 27 Subtract line 26 from line 12: a Excess of revenue over expenses and disbursements mm -470,187,441. b Net investment income (if negative, enter -0-) 42,079,555. c Adjusted net income (if negative, enter -0-) mm 13,367,085. For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions. Form 990-PF (2008) JSA **STMT 11 8E1410 1.000 KL4408 1639 V08-8.3 562005 4 Form 990-PF (2008) Page 2 95-1790021 Attached schedules and amounts in the Beginning of year End of year Part II Balance Sheets description column 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 mmmmmmmmmmmmmmmmmm 288,165. 253,018. 253,018. 2 Savings and temporary cash investments mmmmmmmmmmm 289,488,695. 295,622,258. 295,622,258. 3 Accounts receivable I Less: allowance for doubtful accounts I 4 Pledges receivable I Less: allowance for doubtful accounts I 5 Grants receivable mmmmmmmmmmmmmmmmmmmmmm 6 Receivables due from officers, directors, trustees, and other disqualified persons (attach schedule) (see page 15 of the instructions) 7 Other notes and loans receivable (attach schedule) I Less: allowance for doubtful accounts I 8 Inventories for sale or use mmmmmmmmmmmmmmmmmm 4,168,202. 4,253,087. 5,772,509. 9 Prepaid expenses and deferred charges mmmmmmmmmmmm 6,212,040. 7,164,933. 7,164,933. a Assets 10 Investments - U.S. and state government obligations (attach schedule)**m 23,440,110. 9,734,077. 9,734,077. b Investments - corporate stock (attach schedule) mmmmmmmmSTMT 14 940,286,540. 481,783,224. 481,783,224. c Investments - corporate bonds (attach schedule)mmmmmmmm 11 Investments - land, buildings, STMT 48 107,631,345. 42,739,117. 42,739,117. and equipment: basis I Less: accumulated depreciation (attach schedule) I 12 Investments - mortgage loans mmmmmmmmmmmmmmmm 194,427,303. 91,039,771. 91,039,771. 13 Investments - other (attach schedule) 14 Land, buildings, and mmmmmmmmmmmmmSTMT 51 4,425,397,935. 3,542,030,585. 3,542,030,585. equipment: basis I Less: accumulated depreciation 1752258580. STMT 61 (attach schedule) I 447,099,509. 1,355,650,764. 1,305,159,071. 1,312,270,057. 15 Other assets (describe I STMT 62 ) 2,178,260,980. 2,112,260,198. 3,550,762,589. 16 Total assets (to be completed by all filers - see the instructions. Also, see page 1, item I) mmmmmmmmmmmmm 9,525,252,079. 7,892,039,339. 9,339,172,138. 17 Accounts payable and accrued expenses mmmmmmmmmmm 214,333,544. 288,615,550. 18 Grants payable mmmmmmmmmmmmmmmmmmmmmmm 4,163,556. 4,165,225. 19 Deferred revenue mmmmmmmmmmmmmmmmmmmmmm 20 Loans from officers, directors, trustees, and other disqualified persons m 21 Mortgages and other notes payable (attach schedule) mmmmm 630,555,000. 626,630,000. STMT 63 Liabilities 22 Other liabilities (describe I STMT 65 ) 249,690,286. 130,828,403. 2 3 Total liabilities (add lines 17 through 22) mmmmmmmmmmm 1,098,742,386. 1,050,239,178. Foundations that follow SFAS 117, check here I X and complete lines 24 through 26 and lines 30 and 31. 24 Unrestricted mmmmmmmmmmmmmmmmmmmmmmmmm 8,425,043,592. 6,840,223,011. 25 Temporarily restricted mmmmmmmmmmmmmmmmmmmm 916,101. 1,017,150. 26 Permanently restricted mmmmmmmmmmmmmmmmmmmm 550,000. 560,000. Foundations that do not follow SFAS 117, Fund Balances check here and complete lines 27 through 31. I 27 Capital stock, trust principal, or current funds mmmmmmmmm 28 Paid-in or capital surplus, or land, bldg., and equipment fund mmmmm 29 Retained earnings, accumulated income, endowment, or other funds mm 30 Total net assets or fund balances (see page 17 of the Net Assets or instructions) mmmmmmmmmmmmmmmmmmmmmmmmm 8,426,509,693. 6,841,800,161. 31 Total liabilities and net assets/fund balances (see page 17 of the instructions) mmmmmmmmmmmmmmmmmmmmmm 9,525,252,079. 7,892,039,339. 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) mmmmmmmmmmmmmmmmmmmmmmmmmmmmmm 1 8,426,509,693. Enter amount from Part I, line 27a 2 mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm 2 -470,187,441. 3 Other increases not included in line 2 (itemize) I 3 Add lines 1, 2, and 3 4 mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm 4 7,956,322,252. Decreases not included in line 2 (itemize) 5 I SEE STATEMENT 66 5 1,114,522,091. Total net assets or fund balances at end of year (line 4 minus line 5) - Part II, column (b), line 30 6 mmmmm 6 6,841,800,161.