| Note 1 - Parts VIII |
Note 1 - Parts VIII |
Effective October 1, 2007, the Foundation established a Group Long Term Care Insurance Plan covering employees with ten years of service, consultants with ten years of service as an employee and their spouses and domestic partners. The plan provides, among other things, that after premiums have been paid for ten years for an employee and the employee spouse or domestic partner, their coverage will be automatically renewed for the rest of their lives without any further premium payments. Effective October 1, 2008, the foundation established a Group Life Insurance Plan covering employees with ten years of service and their spouses and domestic partners. The benefit for the employee is a permanent individual life insurance policy of $500,000 ($250,000, if compensation is less than $100,000), while the benefit for the spouse or domestic partner is a similar policy in the face amount of $250,000. The individual policies are owned by the employee and are issued under the group plan. Each employee policy is designed to be fully funded after the payment of five annual premiums by the Foundation (approximately seven years as to each spouse or domestic partner policy). |
| Note 2 - Parts VIII |
Note 2 - Parts VIII |
Effective October 1, 2007, the Foundation established two related, unfunded deferred compensation plans which together provide an annual benefit in excess of the maximum contribution allowed by the Internal Revenue Code for the year under the Foundation's Tax Sheltered Retirement Plan. |
| Note 3 - Part XV |
Note 3 - Part XV |
For the grants to individuals paid during the year and the grants approved for future payment to individuals, none of the individuals have any relationship to any foundation manager or substantial contributor. |
| Note 4 - Part I, Line 19 - Depreciation |
Note 4 - Part I, Line 19 - Depreciation |
Description Date Cost PY CY Depr CY Meth Life Acq Accum Depr & Disp Accum Dep ----------- --- ---------- --------- ------ ---------- Lhold Improv VAR 54,279,746 2,806,418 2,087,530 4,893,948 SL VAR Comp Equip VAR 4,082,783 1,146,712 1,095,720 2,242,432 SL 3 Software VAR 10,136,264 3,122,489 2,934,861 6,057,350 SL 3 F&F VAR 5,142,032 1,791,705 920,677 2,712,382 SL 5 Office Equip VAR 366,794 228,679 55,067 283,746 SL 5 Software VAR 281,912 2,404 69,844 72,248 SL 3 Automobiles VAR 22,341 2,234 4,468 6,702 SL 5 ---------- --------- -------- ---------- Total 74,311,872 9,100,641 7,168,167 16,268,808 ========== ========== ========= ========== |
| Section 351 - Bulgarian Building Fund |
Form 5471 Schedule O Section 351 |
OPEN SOCIETY INSTITUTE 2008 CONSOLIDATED U.S. RETURN OF PRIVATE FOUNDATION STATEMENT PURSUANT TO TREASURY REG. SECTION 1.351-3(a) BY OPEN SOCIETY INSTITUTE MANAGEMENT SERVICES LIMITED, NO EIN, A SIGNIFICANT TRANSFEROR (1) Transferor and Transferee Corporations: Open Society Institute Management Services Limited, no EIN, paid $3,159,799 to Open Society Institute Sofia and received an equity interest in Bulgarian Building Fund Ltd. in exchange. Open Society Institute Management Services Limited owns 100% of Bulgarian Building Fund Ltd. after the transaction. The transaction qualified for the nonrecognition of gain or loss pursuant to Section 351 for U.S. tax purposes. (2) The payment to Open Society Institute Sofia occurred on December 18, 2008. (3) The aggregate fair market value of the cash paid was $3,159,799. (4) There were no private letter rulings issued by the IRS in connection with this section 351 exchange. |
| Section 351 - Open Society Institute |
Form 5471 Schedule O Section 351 |
STATEMENT PURSUANT TO TREASURY REG. SECTION 1.351-3(a) BY OPEN SOCIETY INSTITUTE, EIN 13-7029285, A SIGNIFICANT TRANSFEROR (1) Transferor and Transferee Corporations: Open Society Institute, EIN 13-7029285, paid $1,650,000 to Open Society Institute Management Services Limited, no EIN, and received an equity interest in exchange. The transaction constituted a Section 351 transfer to Open Society Institute Management Services Limited for U.S. tax purposes. (2) The payment to Open Society Institute Management Services Ltd. occurred on December 31, 2008. (3) The aggregate fair market value of the cash paid was $1,650,000. (4) There were no private letter rulings issued by the IRS in connection with this section 351 exchange. |
| Section 351 - Remis BG EOOD |
Form 5471 Schedule O Section 351 |
OPEN SOCIETY INSTITUTE 2008 CONSOLIDATED U.S. RETURN OF PRIVATE FOUNDATION STATEMENT PURSUANT TO TREASURY REG. SECTION 1.351-3(a) BY OPEN SOCIETY INSTITUTE MANAGEMENT SERVICES LIMITED, NO EIN, A SIGNIFICANT TRANSFEROR (1) Transferor and Transferee Corporations: Open Society Institute Management Services Limited, no EIN, paid $1 to Open Society Institute Sofia and received an equity interest in Remis BG EOOD in exchange. Open Society Institute Management Services Limited owns 100% of Remis BG EOOD after the transaction. The transaction qualified for the nonrecognition of gain or loss pursuant to Section 351 for U.S. tax purposes. (2) The payment to Open Society Institute Sofia occurred on December 18, 2008. (3) The aggregate fair market value of the cash paid was $1. (4) There were no private letter rulings issued by the IRS in connection with this section 351 exchange. |