efile Public Visual Render
ObjectId: 202011929349100406 - Submission: 2020-07-10
TIN: 86-6021106
Form
990-PF
Department of the Treasury
Internal Revenue Service
Return of Private Foundation
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.
Go to
www.irs.gov/Form990PF
for instructions and the latest information.
OMB No. 1545-0052
20
18
Open to Public Inspection
For calendar year 2018, or tax year beginning
07-01-2018
, and ending
06-30-2019
Name of foundation
LINCOLN INSTITUTE OF LAND POLICY
Number and street (or P.O. box number if mail is not delivered to street address)
11010 N TATUM BLVD No D101
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Phoenix
,
AZ
85028
A Employer identification number
86-6021106
B
Telephone number (see instructions)
(617) 661-3016
C
If exemption application is pending, check here
G
Check all that apply:
Initial return
Initial return of a former public charity
Final return
Amended return
Address change
Name change
D 1.
Foreign organizations, check here.............
2
. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
If private foundation status was terminated
under section 507(b)(1)(A), check here .......
H
Check type of organization:
Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust
Other taxable private foundation
F
If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here .......
I
Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)
$
604,471,994
J
Accounting method:
Cash
Accrual
Other (specify)
MODIFIED CASH
(Part I, column (d) must be on cash basis.)
Part I
Analysis of Revenue and Expenses
(The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)
(a)
Revenue and
expenses per
books
(b)
Net investment
income
(c)
Adjusted net
income
(d)
Disbursements
for charitable
purposes
(cash basis only)
1
Contributions, gifts, grants, etc., received (attach schedule)
5,003,023
2
Check
.............
3
Interest on savings and temporary cash investments
4
Dividends and interest from securities
...
9,801,749
8,791,595
9,801,749
5a
Gross rents
............
b
Net rental income or (loss)
6a
Net gain or (loss) from sale of assets not on line 10
25,542,121
b
Gross sales price for all assets on line 6a
27,999,551
7
Capital gain net income (from Part IV, line 2)
...
25,542,121
8
Net short-term capital gain
.........
0
9
Income modifications
...........
10a
Gross sales less returns and allowances
b
Less: Cost of goods sold
....
c
Gross profit or (loss) (attach schedule)
.....
11
Other income (attach schedule)
.......
43,128
0
43,128
12
Total.
Add lines 1 through 11
........
40,390,021
34,333,716
9,844,877
13
Compensation of officers, directors, trustees, etc.
1,511,652
610,139
610,139
907,513
14
Other employee salaries and wages
......
7,323,845
161
161
7,323,684
15
Pension plans, employee benefits
.......
3,122,420
130,227
130,227
2,992,193
16a
Legal fees (attach schedule)
.........
133,703
4,936
4,936
128,767
b
Accounting fees (attach schedule)
.......
67,278
11,935
11,935
55,343
c
Other professional fees (attach schedule)
....
2,451,450
2,374,174
2,374,174
77,276
17
Interest
...............
703,145
42,144
42,144
721,795
18
Taxes (attach schedule) (see instructions)
...
771,248
312,725
312,725
175,000
19
Depreciation (attach schedule) and depletion
...
897,673
53,804
53,804
20
Occupancy
..............
809,895
48,544
59,184
750,711
21
Travel, conferences, and meetings
.......
2,310,642
0
0
2,310,642
22
Printing and publications
..........
881,932
0
28,104
853,828
23
Other expenses (attach schedule)
.......
8,834,561
265,857
270,240
8,564,321
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
29,819,444
3,854,646
3,897,773
24,861,073
25
Contributions, gifts, grants paid
.......
709,738
709,738
26
Total expenses and disbursements.
Add lines 24 and 25
30,529,182
3,854,646
3,897,773
25,570,811
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
9,860,839
b
Net investment income
(if negative, enter -0-)
30,479,070
c
Adjusted net income
(if negative, enter -0-)
...
5,947,104
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X
Form
990-PF
(2018)
Page 2
Form 990-PF (2018)
Page
2
Part II
Balance Sheets
Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)
Beginning of year
End of year
(a)
Book Value
(b)
Book Value
(c)
Fair Market Value
1
Cash—non-interest-bearing
.............
1,741,960
296,785
296,785
2
Savings and temporary cash investments
.........
9,281,084
16,755,192
16,755,192
3
Accounts receivable
Less: allowance for doubtful accounts
4
Pledges receivable
Less: allowance for doubtful accounts
5
Grants receivable
.................
6
Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)
.....
7
Other notes and loans receivable (attach schedule)
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 (attach schedule)
b
Investments—corporate stock (attach schedule)
.......
348,324,716
346,919,593
346,919,593
c
Investments—corporate bonds (attach schedule)
.......
17,132,505
17,831,019
17,831,019
11
Investments—land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
12
Investments—mortgage loans
.............
13
Investments—other (attach schedule)
..........
204,700,219
200,887,170
200,887,170
14
Land, buildings, and equipment: basis
29,681,659
Less: accumulated depreciation (attach schedule)
7,919,994
21,195,575
21,761,665
21,761,665
15
Other assets (describe
)
14,950
20,570
20,570
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
602,391,009
604,471,994
604,471,994
17
Accounts payable and accrued expenses
..........
18
Grants payable
.................
19
Deferred revenue
.................
20
Loans from officers, directors, trustees, and other disqualified persons
21
Mortgages and other notes payable (attach schedule)
......
22
Other liabilities (describe
)
28,318,402
28,183,620
23
Total liabilities
(add lines 17 through 22)
.........
28,318,402
28,183,620
Foundations that follow SFAS 117, check here
and complete lines 24 through 26 and lines 30 and 31.
24
Unrestricted
..................
572,564,190
573,626,159
25
Temporarily restricted
...............
1,508,417
2,662,215
26
Permanently restricted
...............
Foundations that do not follow SFAS 117, check here
and complete lines 27 through 31.
27
Capital stock, trust principal, or current funds
........
28
Paid-in or capital surplus, or land, bldg., and equipment fund
29
Retained earnings, accumulated income, endowment, or other funds
30
Total net assets or fund balances
(see instructions)
.....
574,072,607
576,288,374
31
Total liabilities and net assets/fund balances
(see instructions)
.
602,391,009
604,471,994
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)
...............
1
574,072,607
2
Enter amount from Part I, line 27a
.....................
2
9,860,839
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3
..........................
4
583,933,446
5
Decreases not included in line 2 (itemize)
5
7,645,072
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30
.
6
576,288,374
Form
990-PF
(2018)
Page 3
Form 990-PF (2018)
Page
3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a)
List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)
(b)
How acquired
P—Purchase
D—Donation
(c)
Date acquired
(mo., day, yr.)
(d)
Date sold
(mo., day, yr.)
1 a
PUBLICLY TRADED SECURITIES
P
b
PUBLICLY TRADED SECURITIES
P
c
CLASS ACTION
P
d
ROSE VALUE ADD OFFICE RETROFIT FUND
P
e
ECOSYSTEM II
P
ECOSYSTEM III
P
CARLYLE
P
BARROW HANLEY HIGH YIELD
P
BARROW HANLEY HIGH YIELD
P
MORGAN CREEK CHINA
P
KBI FUND
P
KBI FUND
P
BEACHPOINT
P
ANGELO GORDON REALTY II
P
MORGAN CREEK III
P
MORGAN CREEK IV
P
MORGAN CREEK IV
P
MORGAN CREEK V
P
MORGAN CREEK V
P
CARLYLE ENERGY
P
BAAM
P
MORGAN CREEK III
P
(e)
Gross sales price
(f)
Depreciation allowed
(or allowable)
(g)
Cost or other basis
plus expense of sale
(h)
Gain or (loss)
(e) plus (f) minus (g)
a
882,693
-882,693
b
25,971,480
25,971,480
c
47,937
47,937
d
382,876
382,876
e
7,606
-7,606
20,544
20,544
42,020
-42,020
23,951
23,951
5,746
5,746
29,363
29,363
398,101
-398,101
1,125,422
-1,125,422
1,017,132
1,017,132
12,433
12,433
1,588
-1,588
87,700
87,700
54
54
4,178
4,178
217,881
217,881
45,090
45,090
64,196
64,196
68,990
68,990
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-)
or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69
(j)
Adjusted basis
as of 12/31/69
(k)
Excess of col. (i)
over col. (j), if any
a
-882,693
b
25,971,480
c
47,937
d
382,876
e
-7,606
20,544
-42,020
23,951
5,746
29,363
-398,101
-1,125,422
1,017,132
12,433
-1,588
87,700
54
4,178
217,881
45,090
64,196
68,990
2
Capital gain net income or (net capital loss)
If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
2
25,542,121
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) (see instructions). If (loss), enter -0-
in Part I, line 8
...................
3
-1,243,041
Part V
Qualification 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
No
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1
Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in)
(b)
Adjusted qualifying distributions
(c)
Net value of noncharitable-use assets
(d)
Distribution ratio
(col. (b) divided by col. (c))
2017
25,783,084
566,384,303
0.045522
2016
22,463,932
510,717,347
0.043985
2015
18,139,606
476,463,888
0.038071
2014
16,857,152
517,558,674
0.032571
2013
17,226,042
496,450,552
0.034698
2
Total
of line 1, column (d)
.....................
2
0.194847
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years
......
3
0.038969
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5
......
4
565,902,064
5
Multiply line 4 by line 3
......................
5
22,052,638
6
Enter 1% of net investment income (1% of Part I, line 27b)
...........
6
304,791
7
Add lines 5 and 6
........................
7
22,357,429
8
Enter qualifying distributions from Part XII, line 4
,.............
8
27,449,309
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form
990-PF
(2018)
Page 4
Form 990-PF (2018)
Page
4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a
Exempt operating foundations described in section 4940(d)(2), check here
and enter “N/A" on line 1.
Date of ruling or determination letter:
(attach copy of letter if necessary–see instructions)
b
Domestic foundations that meet the section 4940(e) requirements in Part V, check
1
304,791
here
and enter 1% of Part I, line 27b
...................
c
All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2
Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
2
0
3
Add lines 1 and 2
...........................
3
304,791
4
Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
4
0
5
Tax based on investment income.
Subtract line 4 from line 3. If zero or less, enter -0-
.....
5
304,791
6
Credits/Payments:
a
2018 estimated tax payments and 2017 overpayment credited to 2018
6a
254,028
b
Exempt foreign organizations—tax withheld at source
......
6b
c
Tax paid with application for extension of time to file (Form 8868)
...
6c
265,000
d
Backup withholding erroneously withheld
...........
6d
0
7
Total credits and payments. Add lines 6a through 6d
..............
7
519,028
8
Enter any
penalty
for underpayment of estimated tax.
Check here
if Form 2220 is attached.
8
0
9
Tax due.
If the total of lines 5 and 8 is more than line 7, enter
amount owed
.......
9
10
Overpayment.
If line 7 is more than the total of lines 5 and 8, enter the
amount overpaid
...
10
214,237
11
Enter the amount of line 10 to be:
Credited to 2019 estimated tax
214,237
Refunded
11
0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign?
....................
1a
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition)
.................................
1b
No
If the answer is "Yes" to
1a
or
1b,
attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file
Form 1120-POL
for this year?
.....................
1c
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1)
On the foundation.
$
0
(2)
On foundation managers.
$
0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.
$
0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?
.......
2
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments?
If "Yes," attach a conformed copy of the changes
....
3
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?
........
4a
Yes
b
If "Yes," has it filed a tax return on
Form 990-T
for this year?
...................
4b
Yes
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?
.........
5
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
By language in the governing instrument, or
By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument?
................
6
Yes
7
Did the foundation have at least $5,000 in assets at any time during the year?
If "Yes," complete Part II, col. (c),
and Part XV.
.................................
7
Yes
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
AZ
,
MA
,
DC
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G?
If "No," attach explanation
.
8b
Yes
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
If "Yes," complete Part XIV
.............................
9
Yes
10
Did any persons become substantial contributors during the tax year?
If "Yes," attach a schedule listing their names
and addresses.
...............................
10
No
Form
990-PF
(2018)
Page 5
Form 990-PF (2018)
Page
5
Part VII-A
Statements Regarding Activities
(continued)
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions
.............
11
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions
.................
12
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
Website address
WWW.LINCOLNINST.EDU
14
The books are in care of
LINCOLN INSTITUTE OF LAND POLICY
Telephone no.
(602) 393-4300
Located at
11010 N TATUM BLVD
PHOENIX
AZ
ZIP+4
85028
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of
Form 1041
—check here
.........
and enter the amount of tax-exempt interest received or accrued during the year
........
15
16
At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over
Yes
No
a bank, securities, or other financial account in a foreign country?
.................
16
No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country
Part VII-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1)
Engage in the sale or exchange, or leasing of property with a disqualified person?
Yes
No
(2)
Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person?
......................
Yes
No
(3)
Furnish goods, services, or facilities to (or accept them from) a disqualified person?
Yes
No
(4)
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
Yes
No
(5)
Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)?
...............
Yes
No
(6)
Agree to pay money or property to a government official? (
Exception.
Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.)
.......
Yes
No
b
If any answer is "Yes" to 1a(1)–(6), did
any
of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions
........
1b
No
Organizations relying on a current notice regarding disaster assistance check here
........
c
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2018?
.............
1c
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
and 6e, Part XIII) for tax year(s) beginning before 2018?
.............
Yes
No
If "Yes," list the years
20
,
20
,
20
,
20
b
Are there any years listed in 2a for which the foundation is
not
applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to
all
years listed, answer "No" and attach statement—see instructions.)
..............
2b
c
If the provisions of section 4942(a)(2) are being applied to
any
of the years listed in 2a, list the years here.
20
,
20
,
20
,
20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year?
......................
Yes
No
b
If "Yes," did it have excess business holdings in 2018 as a result of
(1)
any purchase by the foundation
or disqualified persons after May 26, 1969;
(2)
the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or
(3)
the lapse of the 10-, 15-, or 20-year first phase holding period?
(Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2018.)
..................
3b
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
4b
No
Form
990-PF
(2018)
Page 6
Form 990-PF (2018)
Page
6
Part VII-B
Statements Regarding Activities for Which Form 4720 May Be Required
(continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1)
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
Yes
No
(2)
Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive?
.............
Yes
No
(3)
Provide a grant to an individual for travel, study, or other similar purposes?
Yes
No
(4)
Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions
................
Yes
No
(5)
Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals?
.....
Yes
No
b
If any answer is "Yes" to 5a(1)–(5), did
any
of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions
......
5b
No
Organizations relying on a current notice regarding disaster assistance check here
.........
c
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant?
..........
Yes
No
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract?
.....................
Yes
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?
....
6b
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
Yes
No
b
If yes, did the foundation receive any proceeds or have any net income attributable to the transaction?
....
7b
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year?
.................
Yes
No
Part VIII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1
List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a)
Name and address
(b)
Title, and average
hours per week
devoted to position
(c)
Compensation
(If not paid, enter
-0-)
(d)
Contributions to employee benefit plans and deferred compensation
(e)
Expense account,
other allowances
KATHRYN J LINCOLN
CHAIRMAN & CIO/DIRECTOR
37.50
415,476
66,979
0
11010 N TATUM BLVD
PHOENIX
,
AZ
85028
GEORGE MC CARTHY
CEO AND PRESIDENT/DIRECTOR
37.50
417,325
66,402
69,300
113 BRATTLE STREET
CAMBRIDGE
,
MA
02138
DENNIS W ROBINSON
TREAS. & VP-FIN. & OPS.
37.50
236,000
66,586
0
113 BRATTLE STREET
CAMBRIDGE
,
MA
02138
LEVERING F T WHITE
AST. SEC. & VP ADMIN & HR
37.50
170,000
56,060
0
113 BRATTLE STREET
CAMBRIDGE
,
MA
02138
DIONE A ETTER
SECRETARY
37.50
125,000
37,347
0
11010 N TATUM BLVD
PHOENIX
,
AZ
85028
CAROLINA BARCO
DIRECTOR AND PROGRAM ADVIS
2.00
12,000
0
0
11010 N TATUM BLVD
PHOENIX
,
AZ
85028
MIMI BROWN
DIRECTOR
2.00
12,250
0
0
11010 N TATUM BLVD
PHOENIX
,
AZ
85028
JOHN G LINCOLN III
DIRECTOR
1.00
6,750
0
0
11010 N TATUM BLVD
PHOENIX
,
AZ
85028
KEVYN ORR
DIRECTOR
1.50
8,250
0
0
11010 N TATUM BLVD
PHOENIX
,
AZ
85028
THOMAS BECKER
DIRECTOR
2.00
14,000
0
0
11010 N TATUM BLVD
PHOENIX
,
AZ
85028
BRUCE LINCOLN
DIRECTOR
1.00
8,000
0
0
11010 N TATUM BLVD
PHOENIX
,
AZ
85028
MICHAEL NUTTER
DIRECTOR
0.50
1,000
0
0
11010 N TATUM BLVD
PHOENIX
,
AZ
85028
THOMAS NECHYBA
DIRECTOR
0.50
2,500
0
0
11010 N TATUM BLVD
PHOENIX
,
AZ
85028
JOHANNES LINN
DIRECTOR
1.50
8,250
0
0
11010 N TATUM BLVD
PHOENIX
,
AZ
85028
JILL SCHURTZ
DIRECTOR
1.00
6,250
0
0
11010 N TATUM BLVD
PHOENIX
,
AZ
85028
RAPHAEL BOSTIC
DIRECTOR
1.00
0
0
0
11010 N TATUM BLVD
PHOENIX
,
AZ
85028
ANTHONY COYNE
DIRECTOR
1.50
10,250
0
0
11010 N TATUM BLVD
PHOENIX
,
AZ
85028
CONSTANCE MITCHELL FORD
DIRECTOR
1.50
10,250
0
0
11010 N TATUM BLVD
PHOENIX
,
AZ
85028
JANE CAMPBELL
DIRECTOR AND PROGRAM ADVIS
2.50
16,600
0
0
11010 N TATUM BLVD
PHOENIX
,
AZ
85028
TIM RENJILIAN
DIRECTOR
2.00
13,000
0
0
11010 N TATUM BLVD
PHOENIX
,
AZ
85028
SCOTT SMITH
DIRECTOR
1.50
9,250
0
0
11010 N TATUM BLVD
PHOENIX
,
AZ
85028
ADRIANA SOTO
DIRECTOR
1.50
9,000
0
0
11010 N TATUM BLVD
PHOENIX
,
AZ
85028
SANJEEV KHAGRAM
DIRECTOR
0.25
250
0
0
11010 N TATUM BLVD
PHOENIX
,
AZ
85028
2
Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a)
Name and address of each employee paid more than $50,000
(b)
Title, and average
hours per week
devoted to position
(c)
Compensation
(d)
Contributions to
employee benefit
plans and deferred
compensation
(e)
Expense account,
other allowances
ZHI LIU
SR. FELLOW
37.50
227,000
99,765
0
113 BRATTLE STREET
CAMBRIDGE
,
MA
02138
ROBIN HACKE
E.D. - CCI
37.50
280,500
46,244
0
113 BRATTLE STREET
CAMBRIDGE
,
MA
02138
JOAN YOUNGMAN
SR. FELLOW
37.50
270,000
43,176
0
113 BRATTLE STREET
CAMBRIDGE
,
MA
02138
MARTIM SMOLKA
SR. FELLOW
37.50
231,000
49,806
0
113 BRATTLE STREET
CAMBRIDGE
,
MA
02138
ARMANDO CARBONELL
SR. FELLOW
37.50
229,000
50,345
0
113 BRATTLE STREET
CAMBRIDGE
,
MA
02138
Total
number of other employees paid over $50,000
...................
52
Form
990-PF
(2018)
Page 7
Form 990-PF (2018)
Page
7
Part VIII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
(continued)
3
Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a)
Name and address of each person paid more than $50,000
(b)
Type of service
(c)
Compensation
EAGLE CAPITAL MANAGEMENT
INVESTMENT ADVICE
677,917
499 PARK AVENUE
NEW YORK
,
NY
10222
MERRILL LYNCH
INVESTMENT CONSULTING
477,471
2555 E CAMELBACK RD
PHOENIX
,
AZ
85016
MARIAN URQUILLA
CCI CONSULTANT
408,218
740 15TH STREET NW
WASHINGTON
,
DC
20005
SANDS CAPITAL
INVESTMENT ADVICE
316,780
1101 WILSON BLVD
ARLINGTON
,
VA
22209
NORTHERN LIGHT PRODUCTIONS
EDUCATIONAL VIDEO
241,153
300 WESTERN AVE
BOSTON
,
MA
02134
Total
number of others receiving over $50,000 for professional services
.............
27
Part IX-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.
Expenses
1
THE DEPARTMENT OF PLANNING AND URBAN FORM ADDRESSES MAJOR GLOBAL CHALLENGES WITH ITS WORK IN URBAN DEVELOPMENT, LAND CONSERVATION AND THE INTERMOUNTAIN WEST.
2,829,113
2
THE DEPARTMENT OF VALUATION AND TAXATION SEEKS TO INFORM PUBLIC DECISION-MAKING ON LAND-RELATED ISSUES THROUGH RESEARCH, TEACHING, AND DATA GATHERING.
2,599,768
3
THE LATIN AMERICA PROGRAM FOCUSES ON SEVEN CORE AREAS - VALUE CAPTURE; PROPERTY TAXATION, ASSESSMENTS AND CADASTRES; LARGE-SCALE URBAN REDEVELOPMENT PROJECTS; INFORMALITY, REGULARIZATION, AND LAND MARKETS; ANALYSIS OF URBAN LAND MARKETS; LEGAL DIMENSIONS OF LAND POLICY; AND CLIMATE CHANGE.
2,250,029
4
THE CENTER FOR COMMUNITY INVESTMENT HELPS DISADVANTAGED COMMUNITIES HARNESS INVESTMENT TO ACHIEVE THEIR ECONOMIC, SOCIAL AND ENVIRONMENTAL PRIORITIES. THROUGH A COMBINATION OF TECHNICAL ASSISTANCE, LEADERSHIP DEVELOPMENT, DISSEMINATION OF RESEARCH AND LESSONS LEARNED, AND THE CREATION OF A ROBUST PEER NETWORK, THE CENTER BUILDS CAPACITY OF COMMUNITIES TO DEFINE PRIORITIES AND GUIDE CAPITAL TOWARD THOSE PRIORITIES.
3,266,785
Part IX-B
Summary of Program-Related Investments
(see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.
Amount
1
2
All other program-related investments. See instructions.
3
Total.
Add lines 1 through 3
.........................
0
Form
990-PF
(2018)
Page 8
Form 990-PF (2018)
Page
8
Part X
Minimum Investment Return
(All domestic foundations must complete this part. Foreign foundations,see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities
...................
1a
572,089,161
b
Average of monthly cash balances
.......................
1b
1,839,761
c
Fair market value of all other assets (see instructions)
................
1c
590,940
d
Total
(add lines 1a, b, and c)
.........................
1d
574,519,862
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation)
.............
1e
0
2
Acquisition indebtedness applicable to line 1 assets
..................
2
0
3
Subtract line 2 from line 1d
.........................
3
574,519,862
4
Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
instructions)
.............................
4
8,617,798
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3. Enter here and on Part V, line 4
5
565,902,064
6
Minimum investment return.
Enter 5% of line 5
..................
6
28,295,103
Part XI
Distributable Amount
(see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here
and do not complete this part.)
1
Minimum investment return from Part X, line 6
....................
1
2a
Tax on investment income for 2018 from Part VI, line 5
......
2a
b
Income tax for 2018. (This does not include the tax from Part VI.)
...
2b
c
Add lines 2a and 2b
............................
2c
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
4
Recoveries of amounts treated as qualifying distributions
................
4
5
Add lines 3 and 4
............................
5
6
Deduction from distributable amount (see instructions)
.................
6
7
Distributable amount
as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1
...
7
Part XII
Qualifying Distributions
(see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26
..........
1a
25,570,811
b
Program-related investments—total from Part IX-B
..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes
...............................
2
1,878,498
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)
....................
3a
b
Cash distribution test (attach the required schedule)
.................
3b
4
Qualifying distributions.
Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
4
27,449,309
5
Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
income. Enter 1% of Part I, line 27b. See instructions
.................
5
304,791
6
Adjusted qualifying distributions.
Subtract line 5 from line 4
..............
6
27,144,518
Note:
The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.
Form
990-PF
(2018)
Page 9
Form 990-PF (2018)
Page
9
Part XIII
Undistributed Income
(see instructions)
(a)
Corpus
(b)
Years prior to 2017
(c)
2017
(d)
2018
1
Distributable amount for 2018 from Part XI, line 7
2
Undistributed income, if any, as of the end of 2018:
a
Enter amount for 2017 only
.......
b
Total for prior years:
20
,
20
,
20
3
Excess distributions carryover, if any, to 2018:
a
From 2013
......
b
From 2014
......
c
From 2015
......
d
From 2016
......
e
From 2017
......
f
Total
of lines 3a through e
........
4
Qualifying distributions for 2018 from Part
XII, line 4:
$
a
Applied to 2017, but not more than line 2a
b
Applied to undistributed income of prior years
(Election required—see instructions)
.....
c
Treated as distributions out of corpus (Election
required—see instructions)
........
d
Applied to 2018 distributable amount
.....
e
Remaining amount distributed out of corpus
5
Excess distributions carryover applied to 2018.
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6
Enter the net total of each column as
indicated below:
a
Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
b
Prior years’ undistributed income. Subtract
line 4b from line 2b
..........
c
Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed
......
d
Subtract line 6c from line 6b. Taxable amount
—see instructions
...........
e
Undistributed income for 2017. Subtract line
4a from line 2a. Taxable amount—see
instructions
.............
f
Undistributed income for 2018. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2019
..........
7
Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions)
.......
8
Excess distributions carryover from 2013 not
applied on line 5 or line 7 (see instructions)
...
9
Excess distributions carryover to 2019.
Subtract lines 7 and 8 from line 6a
......
10
Analysis of line 9:
a
Excess from 2014
....
b
Excess from 2015
....
c
Excess from 2016
....
d
Excess from 2017
....
e
Excess from 2018
....
Form
990-PF
(2018)
Page 10
Form 990-PF (2018)
Page
10
Part XIV
Private Operating Foundations
(see instructions and Part VII-A, question 9)
1a
If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2018, enter the date of the ruling
.......
2006-11-01
b
Check box to indicate whether the organization is a private operating foundation described in section
4942(j)(3)
or
4942(j)(5)
2a
Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part X for each
year listed
..........
Tax year
Prior 3 years
(e) Total
(a)
2018
(b)
2017
(c)
2016
(d)
2015
5,947,104
7,533,031
8,056,447
3,037,717
24,574,299
b
85% of line 2a
.........
5,055,038
6,403,076
6,847,980
2,582,059
20,888,154
c
Qualifying distributions from Part XII,
line 4 for each year listed
.....
27,449,309
26,272,806
22,644,599
18,198,963
94,565,677
d
Amounts included in line 2c not used directly
for active conduct of exempt activities
..........
0
0
0
0
0
e
Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c
....
27,449,309
26,272,806
22,644,599
18,198,963
94,565,677
3
Complete 3a, b, or c for the
alternative test relied upon:
a
“Assets" alternative test—enter:
(1)
Value of all assets
......
0
(2)
Value of assets qualifying
under section 4942(j)(3)(B)(i)
0
b
“Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part X, line 6 for each year listed
...
18,863,402
18,879,477
17,023,911
15,882,129
70,648,919
c
“Support" alternative test—enter:
(1)
Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties)
....
0
(2)
Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii)
....
0
(3)
Largest amount of support
from an exempt organization
0
(4)
Gross investment income
0
Part XV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1
Information Regarding Foundation Managers:
a
List any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
b
List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2
Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here
if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
a
The name, address, and telephone number or email address of the person to whom applications should be addressed:
b
The form in which applications should be submitted and information and materials they should include:
c
Any submission deadlines:
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form
990-PF
(2018)
Page 11
Form 990-PF (2018)
Page
11
Part XV
Supplementary Information
(continued)
3
Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient
If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
Foundation
status of
recipient
Purpose of grant or
contribution
Amount
Name and address (home or business)
a
Paid during the year
Pedro Abramo Campos
Avenida General San Martin 283 apt
201 Leblon
Rio de Janeiro
,
Brazil
BR
none
I
Informal Land Use Markets and Regularization of Favelas in Rio
14,500
Line Algoed
Pastoriestraat 40
Haacht
,
Belgium
BE
none
I
Community Land Trusts and Informal Settlements
10,530
ASU Foundation for a New American University
300 E University Drive PO Box 2260
Tempe
,
AZ
852802260
none
PC
Impact of the Water Resources Element within Arizona and Colorado River Basin
25,641
Bernadette Baird-Zars
534 W 112th St Box 250342
New York
,
NY
10025
none
I
Post-plan planning: Case of Tlajomulco, Mexico
10,000
Tina Maria Francis Beale
Flat 114 Queens Court 15 Queens
Walk
Reading
,
United Kingdom
RG1 7QF
UK
none
I
The Tax Collector-Taxpayer Relationship & the Compliance/Evasion Equilibrium(s) in Jamaica
10,000
Ciro Biderman
71 Howard Street 2
Cambridge
,
MA
02139
none
I
Moving to (dis)Opportunity: Brazils Minha Cas Minha Vida program
20,000
Cerema Agence Secondaire Ouest
Rue Pierre Ramond - CS 60013
Saint Mdard en Jalles
,
France
33166
FR
none
NC
French land value capture (r)evolution: a shift from social equity to investment financing
12,093
Clark University
950 Main St
Worcester
,
MA
01610
PC
Land Conversion and Misallocation across Cities in China
16,500
Katherine Renee Clifford
940 35th St
Boulder
,
CO
80303
none
I
Fugitive Dust: How Dust Escapes Regulation and Its Consequences
10,000
David Paul Rosen & Associates
3527 Mt Diablo Blvd 361
Lafayette
,
CA
94549
none
NC
French land value capture (r)evolution: a shift from social equity to investment financing
16,000
Drew Eppehimer
1750 E Tuckey Lane
Phoenix
,
AZ
85016
none
I
Restoration of Desert Rivers with Treated Wastewater
10,000
Paulo Henriques da Fonseca
Rodovia BR230 Km 489 Apto 05 Posto
Sao Goncalo
Sousa Paraiba
,
Brazil
58800-000
BR
none
I
Emphyteusis and Urban Land: Exploring the potential uses of ground leases in Brazilian cities
12,300
Fundacin Universidad Torcuato Di Tella
Calle Miones 2177
Buenos Aires
,
Argetina
1428
AR
none
NC
Infrastructure Invest. in a Urban Growth Scenario in Argentina
30,000
Caitlin Sona Gorback
1928 Spruce St Apt 1F
Philadephia
,
PA
19103
none
I
Your Uber has Arrived: Ridesharing and the Redistribution of Economic Activity
10,000
Julia Gabriele Harten
1117 1/2 Olive Street
Santa Barbara
,
CA
93101
none
I
Crowded with Potential: Bed Space Rentals in Chinas Megacities
10,000
Matthijs Korevaar
Willem Vliegenstraat 32D 6214 AT
Maastricht
,
Netherlands
NL
none
I
Finance Lessons from the Long History of Urban Housing Markets
10,000
Cameron S LaPoint
523 West 112th Street Apt 82
New York
,
NY
10025
none
I
Corporate Borrowing and Land Values in the 1980s Japanese Real Estate Bubble
10,000
Maria Mercedes Maldonado
Cra 45 No 44-21 Bl 3-904
Bogota
,
Colombia
CO
none
I
Spanish Land Use and Planning Legislation and Jurisprudence in Latin America
14,600
Christina May Leonard
1591 East 1220 North
Logan
,
UT
84341
none
I
Managing riverine resources in the context of sediment: Predicting channel change
10,000
Leila Mosleh
7211 Adelphi Rd
Hyattsville
,
MD
20782
none
I
Human and Natural System Evaluation to Support Water Policy and Land Management
10,000
Nir Mualam
Tulkovsky 9 St
Tel Aviv
,
Israel
6935879
IS
none
I
Implementing Value Capture in Israel: An examination of recent tools and policies
22,500
New York University
726 W Broadway 2nd floor
New York
,
NY
100039580
none
PC
Take the Q Train: Value Capture of Public Infrastructure Projects
45,000
Pegasys AME (Pty) Ltd
Rogers House 5 President John
Kennedy Street
Port Louis
,
Mauritius
11327
MP
none
NC
One-off Infrastructure Payments in African Cities
36,700
Marc Perez Casas
Calle Dr Samso 42 3r 1a Argentona
Barcelona
,
Spain
8310
SP
none
I
Indirect Land Value Capture and its Potential to Finance Improvements Informal Settlements
17,000
Pontificia Universidad Catlica de Chile
El Comendador No 1916 Casilla
Satiago
,
Chile
16002
CI
none
NC
Modelling the Costs of Densification in Consolidated Neighborhoods: The Case of Santiago
14,000
Shitong Qiao
The Belchers Tower 8 Flat 36/B 89
Pokfulam Road
Hong Kong
,
China
CH
none
I
Transferrable Development Rights: Cure or Curse for Chinese Farmers?
10,000
Eyal Salinger
6 De-Haaz Street
TelAviv
,
Israel
6266612
IS
none
I
Implementing Value Capture in Israel
22,500
Leslie Cameron Sanchez
1032 Kainui Drive
Kailua
,
HI
96734
none
I
Impacts of Winters Right Adjudication on Native American Reservations in the Western US
10,000
Marta Lora-Tamayo
Calle Fresnedillas 4 Portal A Piso
4 Izquierda
Madrid
,
Spain
28035
SP
none
I
Spanish Land Use and Planning Legislation and their Influence in Latin America
14,600
UCL Consultants Limited
97 Tottenham Court Road Network
Building
London
,
United Kingdom
W1T 4TP
UK
none
NC
Equity, public health, infrastructure and urban policy in Cali, Colombia
20,000
University of Utrecht
3508 TC Utrecht
Utrecht TC
,
Netherlands
3508
NL
none
NC
The Statute of Metropolis and Planning Reform in Brazil
16,000
Universit Paris XII
61 Avenue du General de Gaulle
Crteil
,
France
94010
FR
none
NC
French land value capture (r)evolution: a shift from social equity to investment financing
17,580
University of British Columbia
409-6190 Agronomy Road
Vancouver BC
,
Canada
V6T 1Z3
CA
none
NC
Neighborhood Restructuring, Built Environment, and Quality of Life in Urban China
20,000
Edmilson Varejao
3630 S Sepulveda Blvd 1147
Los Angeles
,
CA
90034
none
I
Property value Assessment in Rio de Janeiro: The effects of transport investments
10,000
Elia Maria Tapia Villasenor
4601 N Via Entrada Apt 1058
Tucson
,
AZ
85718
none
I
Water Resources in the Borderlands of the Colorado River Basin
10,000
Philip James Womble
920 California Ave
Palo Alto
,
CA
94306
none
I
Making Water Markets Work: Colorado River
10,000
World Resources Institute
10 G Street NE 8th Floor
Washington
,
DC
20002
none
PC
Land Value Capture to Finance Service Provision in Urban Redevelopment
45,694
Jiawen Yang
3695 Bentbill Crossing
Cumming
,
GA
30041
none
I
Value capture beyond public land leasing in China's Pearl River Delta
35,000
David Yee
325 Bellvale Lakes Road
Warwick
,
NY
10990
none
I
Divided landscapes in the Mexican metropolis: Housing and segregation in Mexico City
10,000
Jiangping Zhou
Flat 4A 3 Tam Towers 25 Sha Wan Dr
Pokfulam Hong Kong
,
China
CH
none
I
Can TODness Improve (Expected) Performances of TODs?
20,000
Rachelle Alterman
29 Hanoter Street
Even Yehuda
,
Israel
IS
none
I
Land Policy, Urban Law and Climate Change
12,000
Fernando de Mello Franco
Rua Mininstro 60001 Apto 153
Sao Paulo
,
Brazil
BR
none
I
Sale of Building Rights in Sao Paulo, Brazil and implementing the social function
19,000
Total
.................................
3a
709,738
b
Approved for future payment
Total
.................................
3b
0
Form
990-PF
(2018)
Page 12
Form 990-PF (2018)
Page
12
Part XVI-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated.
Unrelated business income
Excluded by section 512, 513, or 514
(e)
Related or exempt
function income
(See instructions.)
1
Program service revenue:
(a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
PUBLICATIONS
28,104
b
SONORAN INSTITUTE
3,280
c
EMPLOYEE PARKING
5,760
d
OTHER
1,600
e
COURSE COSTS REIMBURSEMENT
4,384
f
g
Fees and contracts from government agencies
2
Membership dues and assessments
....
3
Interest on savings and temporary cash
investments
...........
4
Dividends and interest from securities
....
531390
1,010,154
14
8,791,595
5
Net rental income or (loss) from real estate:
a
Debt-financed property
......
b
Not debt-financed property
.....
6
Net rental income or (loss) from personal property
7
Other investment income
.....
8
Gain or (loss) from sales of assets other than
inventory
............
18
25,542,121
9
Net income or (loss) from special events:
10
Gross profit or (loss) from sales of inventory
11
Other revenue:
a
b
c
d
e
12
Subtotal. Add columns (b), (d), and (e)
..
1,010,154
34,333,716
43,128
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
35,386,998
(See worksheet in line 13 instructions to verify calculations.)
Part XVI-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
1A
SALES OF SCHOLARLY PUBLICATIONS IN VARIOUS PROGRAM AREAS
1B
CHARGE FOR OCCUPANCY BY NON-PROFIT
1C
PARKING PROVIDED FOR EMPLOYEE CONVENIENCE
1D
USE OF CLASSROOM SPACE BY CHARITABLE ORGANIZATION ENGAGED IN EDUCATION
1E
PROGRAM COSTS REIMBURSED BY OTHER ORGANIZATIONS
Form
990-PF
(2018)
Page 13
Form 990-PF (2018)
Page
13
Part XVII
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1)
Cash
...................................
1a(1)
No
(2)
Other assets
.................................
1a(2)
No
b
Other transactions:
(1)
Sales of assets to a noncharitable exempt organization
....................
1b(1)
No
(2)
Purchases of assets from a noncharitable exempt organization
..................
1b(2)
No
(3)
Rental of facilities, equipment, or other assets
.......................
1b(3)
No
(4)
Reimbursement arrangements
...........................
1b(4)
No
(5)
Loans or loan guarantees
.............................
1b(5)
No
(6)
Performance of services or membership or fundraising solicitations
................
1b(6)
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees
..............
1c
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column
(b)
should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column
(d)
the value of the goods, other assets, or services received.
(a)
Line No.
(b)
Amount involved
(c)
Name of noncharitable exempt organization
(d)
Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527?
...........
Yes
No
b
If "Yes," complete the following schedule.
(a)
Name of organization
(b)
Type of organization
(c)
Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
2020-07-01
May the IRS discuss this return
with the preparer shown below
(see instr.)?
Yes
No
Signature of officer or trustee
Date
Title
Paid Preparer Use Only
Print/Type preparer's name
Kevin Sunkel
Preparer's Signature
Date
Check if self-
employed
PTIN
P00706145
Firm's name
Owen J Flanagan & Co
Firm's EIN
13-2060851
Firm's address
60 East 42nd Street
New York
,
NY
10165
Phone no.
(212) 682-2783
Form
990-PF
(2018)
Additional Data
Software ID:
Software Version:
Form 990PF - Special Condition Description:
Special Condition Description