' Form 990-PF Return of Private Foundation CIMBNO 1USODSt

or Section 4947(a)(1) Nonexempt Charitable Trust 2002 DepeimsntollneTiuury Treated as a Private Foundation

iniemei Revenue sank. Note The organization may be able to use a copy of this return to satisfy state reporting requirements For calendar year 2002, or tax year beginning , and ending G Check all that a ~ pply Initial return 0 Final return ~ Amended return 0 Address than e 0 Name chang e Use the INS Name of organization A Employer Identification number

label Otherwise, AVID & FELA SHAPELL FOUNDATION 95-6187271

print Number anEstreet (orPObonnumber ilrtwlnnotddnereCmstreet aeartss) RooMSwte BTelephone number ortype 401 WILSHIRE BLVD . STE 1200 ( 310 ) 273-7337 See Specific

City or town, state, and ZIP code C i, ~� Instructions p epolinoon is omainp Nswnere "~ BEVERLY HILLS CA 90212 D t Foreign organizations,check here

H Check type of organization OX Section 501 (c )(3 ) exem p t vmate foundation Z Foreign openlzaUOns meaning me asx ti,st, Is. El "wit here and alias computation Section 4947(a)(1) nonexempt charitable trust 0 Other taxable private foundation

E If private foundation status was terminated I Fair market value ofallassets atendotyear J Accounting method W Cash ~Accrual under section 507(b)(1)(A),check here (from Part fl, cot (c), line 76) [= Other (specify) F If the foundation is in a 60-month termination 1111`4 15 8 ~ 7 9 8 $ . (Part l, column (d) must be on cash bans) under section 507 ( b )( 1 )( 3 ) Check here ble part 1 Analysis of Revenue and Expense" a Revenue and 4 (The total of en,ounu in columns (o) (C) spa (a) r.ay poi ( ~ (U) Net investment (c) Adjusted net for Charitable ~"~^b � ~��y�u� ,n�� ,o �n~i � ~�um� (a~ expenses per books income income °""'°'°' tram basis only)

1 Contributions, gifts, grams, etc, received 5,216,820 . N/A Cried " a If 0e l(Unmbm s W rtpl+M to aI7Ci 5N 8

2 Distributions from split-interest trusts s interest °"°'°""°"" 98,186 . 98,186 . STATEMENT 1 4 Dividends and interest from seventies 316 , 123 . 316 , 123 . STATEMENT 2 Sa Gross rents b (Ni,t ninnbiinmmeorposs) )

6a Net On or Aoaa)homaeleofmebnolon

717,228 . a c.. ..iaanioero, wt 2,848,314 . 1 asseb On line tie

d ~f [f Q Q ] Capi~a gem, net in.. (gym Part N, 'In. t) 7 1 7, G2O .

8 Netshorhtermcapital gain LLJ Z 9 Income modifications

1oaGmssSeInIesfRNmf aria ali owence

b Laos Cost of goods sold

c Gross profit or (loss) "` ii Other income 235 . 235 . S TATEMENT 3 12 TotaI aedlines I through ti 6 , 34-8 , 592- . 1 , 131 , 772 .

- " . 13 compenmuon of omcen, airacbn watm arc 0 . 0 .

74 Other employee salaries and wages 15 Pension plans, employee benefits

N y 16a Legal fees a hACCOUminpfees STMT 4 29,550 . 29,550 . 0 .

s Other professional fees STMT 5 8,049 . 8 , 049 . 0 . i 17 Interest iz 1)

ie taxes STMT 6 10,341 . 0 . 0 . 19 Depreciation and depletion

E 20 occupancy 18,000 . 18, 000 . 0 . 21 Travel, conferences and meetings

9 q 22 Printing and publications ffu ~ 23 Other expenses STMT 7 47 , 311 . 47 , 311 . 0 . m 24 Total operating and administrative n expenses Add lines 13 through 23 113 , 251 . 102, 9 1 0 . Q , X 25 Contributions, gins, grants paid 2 401 , 442 . ~ 2 , 401 , 442 .

26 Total expenses and disbursements addlines 2aand25 2 , 514 , 693 . 102 910 . 2 , 401 , 442 .

27 Subtract line 26 from line 12 a ~ I omswaw>eapenaeenadbDUnmsnb 3 833 899 . h Net Investment Income AI n .v.w. enter -1o) 1 028,862 c Ad j usted net Income (if nagawe eri N/A

o? z°i'w LHA For Paperwork Reduction Act Notice, see the Instructions Form g90-PF (2002) 1

12130519 602174 51948 2002 .05000 DAVID & FELA SHAPELL FOUNDA 51998-1 ~l~

Organizations that follow SFAS 117, check here " U and complete hoes 24 through 26 and hoes 30 and 31 m

24 Un restricted

AA 25 Temporanly restricted

m 26 Permanently restricted Organizations that 00 not follow SFAS 117, cheek here 1 0 and complete lines 27 through 31

�°, 27 Capital stock bust Dnncipal, or current funds y 28 Paid-in or capital surplus, or land, bidq , and equipment fund a 29 Retained earnings, accumulated income, endowment, or other lands d 30 Total netassets or fund balances Z

14 .668,015 .1 17,532 .663 .

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 poor years return) 1 14 , 663 , 348 .

2 Enter amount from Part l,line 27a 2 3,833 899 . 3 Other increases not included in line 2 (itemize) " 3 0 . 4 AEAlines 1,2,and3 a 18,497 247 . 5 Decreases not included in line 2 (itemize) " SEE STATEMENT 8 5 970 , 751 . 6 Total net assets or land balances al end of year (tine 4 minus line 5)- Part II, column (b) line 30 6 1-7,5-2-6-, 4 9 6 .

Fmm 990-PF Rot) 223511 Ot 27-00 2

12130514 602174 51948 2002 .05000 DAVID b FELA SHAPELL FOUNDA 519481

Form 99o-PF(2oo2) DAVID b FELA SHAPELL F

part ~~ Balance Sheets "m°"°'°`°°"'"°°"°""°""`°~'o°°' cdvm soma ee laeaal-,ar mums my

1 Cash -non-interest-beannp

2 Savings and temporary cash investments 3 Accounts receivable 01

Less allowance for doubtful accounts ~ 4 Pledges receivable 0'

Lass allowance lordoubtful accounts 1110-5 Grants receivable 6 Recervables due from officers, directors, trustees, and other

disqualified persons 7 wr,nosmaious~ok

Less allowance for doubtful accounts t 8 Inventories for sale or use

d 9 Prepaid expenses and deferred charges N

10a Investments -U 5 and state government obligations STMT 9 eInvestments -corporate stock STMT 10 s Investments -corporate bonds STMT 1 1

11 hCMe+rns unaowarc+inaeMo~t ouis 1110. lssmrwhMRp~nm 1

12 Investments -mortgage loans STMT 12 13 Investments-other STMT 13 14 Land, buildings, and equipment basis 01

lsmnWtDQO~om 1

15 Other assets (descnbe" STATEMENT 14

17 Accounts payable and accrued expenses 18 Grants payable

d 19 Deferred revenue - 20 ~.from om~ airamm,wstee eneother aieaumsco~ns

m 21 Mortgages and other notes payable J 22 Other liabilities (descnDe " 1

'ION 95-6187271 Page 2 nninp of year End of year Book Value (G) Book Value (c) Fair Market Value 60,000 . 139 472 . 139 472 . 149,173 . 5,749,314 . 5,749,314 .

+ +75,985 . 73,730 . +62,370 .

424 . 424 . 0 .

668,015 . 17,532,663 . 15,877,985 . 4 .667 . 6 .167 .

187271 Pace 3

'au~reu (c) Dale acquired (O) Date sold ease (mo day yr ) (me day, yr ) anon P P

(h) Gain or (loss) (e) plus (f) minus (p)

8 . 87 .

446,225 . 270,908 .

(I) Gams (Cal (h) gam minus Col (k), but nod less than -0-) or

Losses (tram cal (n))

8 . 87 .

446,225 . 270,908 .

717,228 .

N/A

2 Capital gain net income or (net capital loss) { It 9 ?am also enter in Part I, line 7 1 It (loss), enter-0-in Part I line 7 1

3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6) It gain, also enter in Part I, line 8, column (c) It (loss). enter -0- m Pad L line 8

3 12130519 602174 51948 2002 .05000 DAVID S FELA SHAPELL FOUNDA 519481

(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 )

is FROM K-1 : ALLIANCE CAPITAL MGNT HOL n FROM K-1 : ALLIANCE CAPITAL MGNT HOL

HEDULE ATTACHED

(e) Gross sales price I (1) Depreciation allowed I (g) Cost or other basis (or allowable) plus expense o1 sale

omplete only for assets showing gain in column (h) and owned by the foundation on 12/31/69

F M V as of 11147/69 (1) Adjusted basis (k) Excess of col (i) (I) as of 12/31/69 over col (1), if any

I roc v 1 uuanncanon unaer aecnon 4aauje) Tor neaucea i ax on rvei mvestmenc income (For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income )

If section a940(d)(2) applies, leave this part blank

Was the organization liable for (ha section 4942 tax on the distnbutable amount of any year in the base period? Yes M No If 'Yes,* the organization does not quality under section 4940(e) Do not complete this part 1 Enter the appropriate amount in each column for each year, sea instructions before making any entries

Base penud years Adjusted 'dis (~~ Distnbuton ratio falnndar vear (nr NY year hnmnmnn ml qualifying tnbuU0n5 Net value 0f nOnChafdable-use assets fool f61 divided 6v cot 161

2 Total of line t, column (0) 2 . b tS 161 Z -/ 3 Average distribution ratio for the 5-year base period -divide the total on line 2 by 5 or by tie number al years

the foundation has been in existence if less than 5 years I 3~ .1365245

4 Enter the net value of nonchantable-use assets for 2002 from Part X, line 5 1 4 1 12,925,900 .

5 Multiply line 4 by line 3

6 Enter t% of net investment income (7qo of Part I, line 27b) 1 6 1 10,289 .

7 nddlines 5anos 1 7 1 1,774,991 .

8 Enter qualifying distributions from Pad XII, line 4 1 8 I 2,4U1,44 .1 . If line 8 is equal to or greater than line 7, check the box in Part VI, line 1 b, and complete toot part using a 1 Ye tax rate See the Part VI instructions

7iJ577A7 2J-Q7 Form 990-PF pao2)

95-618727 or 4948 - see inst

Form 990-PF(2002) DAVID & FELA SHAPELL FOUNDATION Part VI Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), 1a Exempt operating foundations described in section 4940(d)(2) check here " EIJ and enter

'NA* on line 1

Date of ruling leper (attach copy of ruling lever II necessary-see Intiructlons) D Domestic organizations that meet the section 4940(e) requirements in Part V, check here " ~X one enter 1 %

of Part 1, line 27b e All other domestic organizations enter 2% of line 27b Exempt foreign organizations enter 4°h of Part I, line 12 cot (b) 2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only Others enter -0-) 3 Add lines 1 and 2 d Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only Others enter -0-) 5 Tax based on Investment Income Subtract line 4 from line 3 If zero or less enter -0- 6 Credits/Payments a 2002 estimates tax payments and 2001 overpayment credited to 2002 6a 10,3 D Exempt foreign organisations -tax withheld at source fib c Tax paid with application for extension of time to file (Form 8868) 6c a Backup withholding erroneously Withheld ~ 60

7 Total credits and payments Add lines 6a through 6d 8 Enter any penalty for underpayment of estimated tax Check here OX it Form 2220 is attached 9 Tax due II the total of lines 5 and 8 is more than line 7, enter amount awed

10 Overpayment It line 7 is more than the total of lines 5 and 8, enter the amount overpaid

4 12130514 602174 51948 2002 .05000 DAVID 6 FELA SHAPELL FOUNDA 519481

1 a During the tax year, did the organization attempt to influence any national state or local legislation or did R participate or intervene m '

Yes No any political campaign' ia X

6 Did it spend mare than $100 during the year (either directly or indirectly) for political purposes (see instructions for definition), 1b X If the answer is 'Yes' to 1 a or 1 b, attach a detalad description o1 the activities and copes o1 any materials published or distributed by the organization in connection with the activities

c Did the organization tits Farm 1120-POL for this years is X d Enter the amount (d any) of tax on political expenditures (section 4955) imposed dunng the year

(1) On the organization " $ 0 . (2) On organization managers " E 0 . e Enter the reimbursement (it any) paid by the organization during the year for political expenditure tax imposed an organization

managers " a 0 . 2 Has the organization engaged in any activities that have not previously been reported to the IRS 2 X

11 'Yes,' attach a detailed descnpnon o/ the ecbvtties 3 Has the organization made any changes not previously reported to the IRS, in it governing instrument, articles of incorporation, or

bylaws, or other similar insirumenis7 If 'Yes,' attach e conformed copy of the changes ,3 X 4a Did the organization have unrelated business gross income of $1,000 or more during the years as X b II Yes; has it filed a tax return on Form 990-T for this yea( ab X

5 Was there a liquidation termination dissolution, or substantial contraction during the years 5 X 11 "Yes,' attach the statement required by General Instruction T

6 Are the requirements of section 508(e) (elating to sections 4941 trough 4945) satisfied ether " By language in the governing instrument or " By stale legislation that effectively amends the governing instrument so that no mandatory directions that conflict with the stale law

remain m the governing instrument? A6 X 7 Did the organization have at least $5,000 in assets at any time during the years 7 X

I/ "Yes," complete Part fl, cot (c), and Part XV Ba Enter the slates to which the foundation reports or with which R is registered (see instructions)

CALIFORNIA 6 If the answer is 'Yes' to line 7, has the organization furnished a copy of Farm 990-PF to the Attorney General (or designate) , ,

of each stile as required by General Instruction G? If 'NO,' attach explanation 8G X 9 Is the organization claiming status as a private operating foundation within the meaning of section 4942(Q(3) or 4942(j)(5) for calendar

year 2002 or the taxable year beginning in 2002 (see instructions for Part %1V)7 11 'Yes,' complete Part MV 9 X 10 Did any persons become substantial contributors during the fax years a ve .cam . w~aeme n.ono me, ~�e rw .oa, 10 X 11 Did the organization comply with the public inspection requirements for its annual retains and exemption application? 11 X

Web site address 10, N/A 12 The books are inwreot " DAVID SHAPELL Telephone no " 310-273-7337

Localedat " 9401 WILSHIRE BLVD ., STE 1200 BEVERLY HILLS,CA ZiPa "90212 13 Section 4947(x)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 " Check here " 0

and enter the amount of tax-exempt interest recened or accrued during the year 10-1 13 1 N/A oi'f zaa c,m, 990-PF (2oca)

If Yes; list the years

b Are there any years listed in 2a for which (he organization is not applying tie provisions of section 4942(a)(2) (relating to incorrect ,

valuation of assets) to the yea i s un0istribuled incomes (If applying section 494 2(a)(2) [o all years listed, answer'NO' and attach statement -seeinstructions ) N/A 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

110. 1 3a Did tie organization bald more than a 2% direct or indirect interest in any business enterprise al any time

during the year? Yes M No 6 II Yes; did it have excess business holdings in 2002 as a result of (1) any purchase 6y the organization or disqualified persons otter May 26, 1969, (2) tie 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 organization had excess business holdings in 2002 ) N/A 36

4a Did the organization invest during the year any amount in a manner that would jeopardize its charitable purposes? 4a X

b Did the organization make any investment in a prior year (hut attar December 31 1969) that could jeopardize its charitable purpose that

had not been removed from jeopardy before the first day of tie tax year beginning in 2002 4h X

Sa During the year did tie organization pay or incur any amount to (1) Carry on propaganda or otherwise attempt to influence legislation (section 4945(e))7 0 Yes M No (2) Influence the outcome of any specific public election (see section 4955), or to carry on, directly or indirectly,

any voter registration drrve9 0 Yes X No (3) Provide a grant to an individual for travel, study, or other similar purposes 0 Yes 0 No (4) Provide a grant to an organization other than a charitable etc , organization descried in section

509(4)(1), (2), or (3) or section 4940(d)(2)? 0 Yes No (5) Provide for any purpose other than religious, charitable, scientific literary or educational purposes, orfor

the prevention of cruelty la children or animals 0 Yes ~X No b If any answer is 'Yes* to Sa(1)-(5) did any of the transactions tail to quality under the exceptions described in Regulations

section 53 4945 or in a current notice regarding disaster assistance (see instructions)? N/A Organizations relying on a current note regarding disaster assistance check here No. =

c If the answer is 'Yes' to question Sa(4) does the organization claim exemption from the tax because it maintained expenditure responsibility for the grants N/A Yes = No If 'Yes,' attach the statement required by Regulations section 53 4945-5(CO

6a Did the organization, during the year receive any funds, directly or indirectly . to pay premiums on a personal benefit contracts 0 Yes EM No

h Did the organization during the year pay premiums, directly or indirectly on a personal benefit contracts 6D X If you answered 'Yes' to 6b, also file Form 8870 ,,

msat of 7100

5 12130514 602174 51948 2002 .05000 DAVID & FELA SHAPELL FOUNDA 51948

Form 990-PF(2002) DAVID 6 FELA SHAPELL FOUNDATION 95-6187271 Page s

File Forth 4720 if any item is checked in the "Yes" column, unless an exception applies la During tie year did the organization (either directly or indirectly)

(1) 'Engage in the sale or exchange, or leasing of property with a disqualified persons 0 Yes ~ No (2) Barrow 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 persons 0 Yes EKNo (4) Pay compensation to or pay or reimburse the expenses of a disqualified persons ~ Yes 0 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 Oersonp 0 Yes ~X No (6) Agree to pay money or property to a government otticial7 (Exception Check 'No'

R the organization agreed to make a grant to or to employ the official for a period after termination of government serve, d terminating within 90 days ) 0 Yes OX No

h If any answer is 'Yes' to ta(1)-(6), did any o1 the acts fail to quality under the exceptions described in Regulations section 53 4941(d)-3 or in a current notice regarding disaster assistance (see page 19 of the insirucUOns)9 N/A Organizations relying on a current notice regarding disaster assistance check here Do- ED

c Did the organization 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 tie tax year beginning in 2002

2 Taxes on failure to distribute income (section 4942) (does not apply for years the organization was a private operating foundation defined in section 4942(j)(3) or 4942(1)(5))

a At tie end of tax year 2002, did the organization have any undistributed income (lines 6d and tie, Part XIII) for tax year(s) beginning before 2002 Yes X~ No

Form 990-PF (2poz)

Title and (q Compensation (a) Name and address o1 each employee paid more than $50,000

3 Five highest-paid independent contractors for professional services H (a) Name and address of each person paid more than E50 000

enter "NONE °

01 23-03 c�� , 990-PF =oz) 6

12130514 602174 51948 2002 .05000 DAVID & FELA SHAPELL FOUNDA 519481

DAVID & FELA SHAPELL FOUNDATION 95-6187271 Information About Officers, Directors, Trustees, Foundation Managers, Highly Page s

0 Paid Employees, and Contractors 1 List all officers. directors. trustees. foundation managers and then compensation

(b) Title, and (a) Name and address hours per wee

to posit SHAPELL RESIDEZ

WILSHIRE BLVD . . #1200

WILSHIRE BLVD .

T . SECY . WILSHIRE BLVD .

List the foundation's four largest direct charitable activities during the tax year Include relevant statistical information such as the I Expenses number of organizations and other beneficiaries sewed, conferences convened, research papers produced, etc N/A

2

3

4

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 secunties O Average of monthly cash balances s Fair market value of all other assets 0 Total (add lines 1a, D and c) e Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) 1e 2 Acquisition indebtedness applicable to line 1 assets 3 Subtract line 21rom line 1d 4 Cash deemed held for charitable activities Enter 1 1/2q of line 3 (for greater amount see instructions) 5 Nat value of noncharila6le-use assets Subtract line 41rom line 3 Enter here and on Part V, line 4 6 Minimum investment return Enter 5°h of line 5

70 .

0

1 Minimum investment return from Part X, line 6 2a Tax on investment income for 2002 from Part VI, line 5 ~ 2a ~ 10,289 . h Income tax tar 2002 (This does not include the tax from Part VI ) 2h c Add lines 2a and 2b

3 Distnbutable amount before adjustments Subtract line 2c from line 1 4a Recoveries of amounts treated as qualifying distributions I 4a ~

0h Income distributions from section 4947(a)(2) trusts 4b c Add lines 4a and 4D

5 Add lines 3 and 4c 6 Deduction from distribulable amount (see instructions) 7 Oisiri6utable amount as adjusted Subtract line 6 from line 5 Enter here and on Part XIII, line 1

Part Xlf Qualifying Distributions (see instructions)

0 .

1 Amounts paid (including administrative expenses) to accomplish charitable, etc , purposes a Expenses, contributions, gels, etc -total from Part 1, column (e), line 26 1 a 2 , 401 , 44-2 . 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 3 Amounts set aside for specific charitable protects that satisfy the a Suitability test (prior IRS approval required) 3a h 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 %11I, line 4 4 2 , 401 , 442 . 5 Organizations that quality under section 4940(e) for tie reduced rate at tax on net investment

income Enter 1 °i of Part I, line 27b 5 10 , 289 . 6 Adjusted qualifying distributions Subtract line 5 from line 4 ~ 6 ~ 2,391,153 .

Node The amount online 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies (or the section 4940(e) reduction of tax in those years

row 990-PF Romi

7 12130514 602174 51948 2002 .05000 DAVID 6 FELA SHAPELL FOUNDA 519481

Form 990-PF(2002) DAVID & FELA SHAPELL FOUNDATION 95-6187271 Page?

Part IX-8 Summary of Program-Related Investments

Describe the two largest program-relayed investments made by the foundation dunnp the tax vear on lines 1 and 2 1 Amount

2

All other program-related investments See instructions 3

Total Add lines 1 throuoh 3

Distnbutable Amount (see instructions) (Section 4942(l)(3) and (1)(5) private operating foundations and certain foreign organizations check here " n and do not complete this cart 1

223561 of-zam

Form 990-yF(2002) DAVID b FELA SHAPELL FOUNDATION 95-6187271 Page e

Part XIII Undistnbuted income (see instructions)

(al lol 1~1 (a) Corpus Years prior to 2001 2001 2002

1 DiStnbutaUle amount for 2002 from Pan xi, line 7 ~ ~ 636,006 .

2 UnaisinburoC income if any m of vie and of 7001 r a Enter amount for 2001 only 0 ~. h Total for poor years

0 . Excess distributions carryover if any, to 2002

a From 1997 480 109 . hFrom 199B 1 , 073 , 136 . cFrom 1ss9 83 , 285 . dFrom 2000 1 724,240 . eFrom 2o01 2 , 383 , 798 . ITotal otlines 3athrough e 5,744,568 . '

4 Oualitying distributions for 2002 from Part xn,line a " a 2 , 401 , 442 .

a Applied to 2001 but not more than line 2a ~ ' 0 . ` b Applied to undistributed income of poor years (Election required-see instructions) 0 .

c Treated as distributions out of corpus (Election required - see instructions) 0 .

d Applied to 2002 Oislribulable amount 636 1 006 o eRemaining amount distributed aut of corpus 1,765,436 . '

5 Eacas aismounom Carryover epolib to 2002 0 . 0 . (II en amount appears in Column (d) the some amount mush be snqvn in column (a))

6 Enter the net total of each column as Indicated below

B Corpus Aaa limn 71 ac and as Suolrsct line 5 7 , 5 10,00 4 . b Prior years undistributed income Subtract

line 4b tram line 2b 0 . c Enter the amount of prior years' undi5tnbute0 income for which a notice of deficiency has been issued, or on which the section 4942(a) lax has been previously assessed 0 .

d Subtract line 6c tram line 6D Taxable amount-see instructions 0 .

e Undistributed income for 2001 Subtract line 4a from line 2a Taxable amount - see inch 0 .

1 Undistributed income for 2002 Subtract lines 4d and 5 from line 1 This amount must be distributed in 2003 0 .

7 Amounts treated as distributions out of corpus to saucy requirements imposed by section 170(b)(t)(E)or4942(g)(3) 0 .

8 Excess distributions cauryover from 1997 not applied on line 5 or dine 7 480,109 .

9 Excess distributions carryover to 2003 Subtract lines 7and8from line 6a 7 , 029,895 . `

10 Analysis of line 9 aExcess from t998 1,073 136 . ' ' - b access from 1999 83 , 285 . oExcess from s000 1,724 240 . - OExcess from 200t 2 , 383 , 798 . eExcess from 2002 1 765 436 . : . ~ `

Form 990-PF R0o2) 120571 O1-2107

12130514 602174 51948 2002 .05000 DAVID 6 FELA SHAPELL FOUNDA 519481

95-6187271 Pape9 A

3 or E:1 4942 (j)(5)

(d) 7999 (e) TOtai

1 a II the foundation has received a ruling or determination letter that it is a private operating foundation and the ruling is effective for 2002, enter the date of the ruling

b Check fox to indicate whether the oraanizalion is a ornate ooeratinu foundation described in section 2 a Enter the lesser of the adjusted net Tax y ear

income from Part I or the minimum (a) 2002

investment return from Part X for each year listed

to 85% of line 2a c Qualifying distributions from Part X11,

line 4 for each year listed E Amounts included in line 2c not used directly for active conduct of exempt activities

e Qualifying distributions made duecty for active conduct of exempt activities Subtract line 2D from line 2c

3 Complete 3a, b or c for the alternative test relied upon

a 'Assets* alternative test - enter (1 ) Value of all assets

(2) Value of assets qualifying under section 4942(j)(3)(13)(i)

h 'Endowment* altematrve test - Enter 2/3 at minimum investment return sown in Pan X line 61or each year listed

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)

(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(13)(1n)

(3) Largest amount of support from an exempt organization

Pnor 3 yea 2007 (c12000

12130514 602174 51948 2002 .05000 DAVID & FELA SHAPELL FOUNDA 519481

FLm990-PF 2002 DAVID & FELA SHAPELL FOUN Part XIV Private Ooeraftna Foundations (see instructions and

PI art XY J Supplementary Information (Complete this part only if the organization had $5,000 or more in assets at any time during the year-see page 25 of the 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 lax

year (but only if they nave contnbuted more than E5,000) (See section 507(d)(2) ) SEE STATEMENT 15

h list any managers of the foundation who own 70% 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

NONE 2 Information Regarding Contnbution, Grant, Gift, Loan, Scholarship, etc, Programs

Check here 1 M it the organization only makes contributions to preselected charitable organizations and does nod accept unsolicited requests for funds It the organisation makes gigs grants, etc (see instructions) is individuals or organizations under other conditions complete items 2a, b, c, and d

a The name, address and telephone number of the person to whom applications should be addressed N/A

b The torte in which applications should be submitted and information and materials they should include

c Any submission deadlines N/A

d Any restrictions or limitations on awards, such as by geographical areas, charitable hells kinds of institutions or other factors N/A

1t1581A1-11W Fam990-PF Room

Form 99o-PF(2002) DAVID 6 E Part XV Supplementary Infom 3 Grants and Contnbutions Paid Dunn

Recipient

Name and address (home or business)

a Pad dunng the year

the Year or Approved for Futur If recipient is an individual, show any relationship to any foundation manager

3a

223601N7 23~07

12130519 602174 51948

F. 890-PF Rmz) 10

2002 .05000 DAVID & FELA SHAPELL FOUNDA 519481

95-618727

Foundation Purpose otgrant or 51al u5 of cOntnbulion Amount recipient

0 AID AND ROMOTE HABITABLE, DUCATIONAL,

CIENTIFIC, ITERARY AND ELIGIOUS

IC PROJECTS . X2,401,429 .

C I I 13 .

SEE STATEMENT ATTACHED

FROM PP . K-1 : ALLIANCE CAPITAL MANAGEMENT HOLD L .P . (FEIN 13-3434400)

Total 6 Approved !or future payment

NONE /A

Form 990-PF(2002) DAVID S FELA SHAPELL FOUNDATION 95-6187271 Page 11 Part XVI-A Analysis of Income-Producing Activities

(al'c'a "Ibl" e.~~uum ~n~O~= Related (orezempt Business LOUR Amount "°" Amount function income cone

a b t 0 e i 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 5 Net rental income or (lass) 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

B Gain or (loss) from 52185 Of assets other

than inventory

9 Net income or (loss) from special events 10 Gross profit or (loss) from sales of inventory 11 Other revenue

of zam FormB90-PF aeon 11

12130514 602174 51948 2002 .05000 DAVID & FELA SHAPELL FOUNDA 519481

Enter gross amounts unless otherwise indicated

1 Program service revenue

a h c d e

12 Subtotal Add columns lob, (d), and (e) 235 ._ 414,309 . 717 , 2 2 8 . !. 13 Total Add line 12, columns (b) (d) and (e) 13 1,131,772 . (Sea worksheet in line 13 instructions to verity calculations 1

Part XVI-B Relationship of Activities to the Accomplishment of Exempt Purposes

Line No I Explain below how each activity for which income is reported in column (e) of Part %VI-A contributed importantly to tea accomplishment of the organization's exempt purposes (other than by providing funds for such purposes)

Form 990-PF(2002) DAVID 6 FELA SHAPELL FOUNDATION 95-6187271 Pace 12 Part XVII Information Regarding Transfers To and Transactions and Relationships With Noncharitable

Exempt Organizations Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of Ye the Code (other than section 501(c)(3) organizations) or in section 527 relating to political organizations

a Transfers from the reporting organization to a nonchantabie exempt organization of (1) Cash la ( l ) (2) Other assets la ( 2)

b Other Transactions (1) Sales of assets to a noncharitable exempt organization 1170 ) (2) Purchases of assets from a noncharitable exempt organization 1h 2 (3) Rental of facilities equipment, or other assets 1h 3 (4) Reimbursement arrangements 1b4 (5) Loans or loan guarantees 16 5 (6) Performance of services or membership or fundraising solicitations 16 6

e Sharing of facilities, equipment mailing tins, other assets or paid employees 1s d It [he answer to any of the above is *Yes,' complete the following schedule Column (h) should always show the fair market value of the goods, other assets,

or services given by the reporting organization If the organization received less than fair market value in any transaction or sAanng arrangement, show in

X

2a Is the organization directly or indirectly affiliated with, or related to, one or mare tax-exempt organizations described m section 501(c) of the Code (other than section 501(c)(3)) or m section 527? Yes EKI No

6 If 'Yes .' complete the following schedule Name of of of

12130514 602174 51948 2002 .05000

X

Under penalties, of penury I dedara Tat I nave examined iris return including smmpanyinp uneCUlc and statements and to Rya Eest of my knowledge and Eelief it is true cornic, and complete pactara n al preparer(oN Man taxpayer or fiduciary) is based on all inforhnat,

y ' Signature of officer or trustee 1~~ Preparers '

N d ~ signaNre ~

ap~ Frmswnefwyours N, GELON & GLODNEY, a0 '1880 CENTURY PARK EAST,

LOS ANGELES, CA 90067

zzasz, o, zsm

Schedule of Contributors OMB No 15C5-0047

Supplementary Information for 2002 line 7 of Form 890, 990-EZ, end 990-PF (see instructions)

Schedule B (Form 990, 990-EZ, or

990-PF) Deve~t of one Treasury intemei Revenue Servio

Employer identification number

ON Organization type(check one)

Filers of Section

Form 990 or 990 EZ 0 501(c)( ) (enter number) organization

LHA For Paperwork Reduction Act Notice, see the Instructions Schedule B (Form 990, 990-EZ, or 990-PF) (2002) for Form 990 and Form 990-EZ

223451 01 23 03 13

12130514 602174 51948 2002 .05000 DAVID & FELA SHAPELL FOUNDA 51948 1

Name of organization

4947(a)(1) nonexempt chantable trust not treated as a private foundation

0 527 political organization

Form 990 PF 0 501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check i1 your organization is covered by the General Rule or a Special Rule (Note Only a section 501(c)(/), (8), or (10) organization can check boxes) for both the General Rule and e Special Rule-see instructions )

General Rule-

For organizations filing Form 990, 990-EZ, or 990 PF that received, during the year, $5.000 or more (n money or property) from anyone contributor (Complete Parts I and II )

Special Rules-

ED For a section 501(c)(3) organization filing Form 990 . or Form 990 EZ, that met the 33 1/3% support test of the regulations under sections 509(a)(1)/170(b)(1)(A)(v) and received from any one contributor, during the year, a contribution of the greater o1 $5 000 or 2% of the amount on line 1 of these forms (Complete Parts I and II )

For a section 501(c)(7) .(8) . or (10) organization filing Form 990, or Form 990-EZ, that received from easy one contributor, during the year, aggregate contributions or bequests of more than $1,000 for use excNSrvey for religious, charitable, scientific, literary, or educational purposes, or the prevention of cruelty to children or animals (Complete Parts I, II, and III )

0 For a section 501(c)(T), (8), or (10) organization filing Form 990, or Form 990 EZ, that received from any one contnbutor, during the year, some contributions for use exclusively for religious, charitable, etc , purposes, but these contributions did not aggregate to more than $1,000 (It this box is checked, enter here the total contributions that were received during the year for an excNsrvety religious, charitable, etc , purpose Do not complete any of the Parts unless the General Rule applies to this organization because it received nonexclusrvely religious, chantable, etc , contributions of $5,000 or more during the year ) " $

Caution Organizations that are not covered by the General Rule and/or the Special Rules do not file Schedule B (Form 990, 990-EZ, or 990-PF), but they must check the box in the heading of their Form 990, Form 990.Q, or on line 1 0l their Form 990-PF, to certify that they do not meet the filing requirements o! Schedule B (Form 990, 990-FZ, or 990-PF)

~eauia B (Form BBO 990.E or 990-PF)R0021 Pape 1 b 1 .~1 I Name of organization Employer identification number

DAVID & F'ELA SHAPELL FOUNDATION 95-6187271

Part I ContnbUtors (See Specific Instructions )

(a) (b) (c) Idl No Name, address, and ZIP + 4 Aggregate contributions Type of coninbution

1 DAVID 6 FELA SHAPELL Person 0 Payroll 0

$ 65,620 . Noncash 0

218 N . FOOTHILL DR . BEVERLY HILLS, CA (Complete Part II A there 90210 is a noncash coninbution )

(a) (b) (c) (d) No Name, address, and ZIP + 4 Aggregate contributions Type of contnbution

2 DAVID & FELA SHAPELL Person D Payroll

g 151,200 . Noncasn 0 218 N . FOOTHILL DR . BEVERLY HILLS, CA (Complete Part II d there 9 0210 is a noncash contribution )

(a) (b) (e) (d) No Name, address, and ZIP + 4 Aggregate contributions Type of contribution

3 DAVID 6 FELA SHAPELL Person X Payroll

$ 5,000,000 . Noneash 0 218 N . FOOTHILL DR . BEVERLY HILLS, CA (Complete Part II if there 90210 is a noncash contribution )

(a) (b) (c) (d) No Name, address, and ZIP + 4 Aggregate coninbuUons Type of contribution

Person 0 Payroll 0

y Noneash 0

(Complete Part II if there is a noncash contribution )

(a) (b) (c) No Name, address, and ZIP + 4 Aggregate contributions Type of contribution

Person 0 Payroll 0

g Noncash 0

(Complete Pail II if there is a noncash contribution )

(a) (b) (c) (d) No Name, address, and ZIP i 4 Aggregate contributions Type o1 contribution

Person Payroll 0

y Noncash 0

(Complete Part II it there is a noncash contribution )

zzaes o,-z~ Schedule El (Form 990,990-EZ,or990~PF)(2002) 19

12130514 602174 51948 2002 .05000 DAVID b FELA SHAPELL FOUNDA 519481

Part II Noncash Property (see Specific Instructions)

(e1 No from Description of noncash property given

FMV for estimate) Date received (see instructions) Part I

2,000 SHARES MANDALAY BAY 1

y 65,620 . 05/28/02

(a) No (c)

from Description of noncash property given FMV (or estimate)

Date received (see instructions) Part l

4,000 SHARES MGM MIRAGE 2

E 151,200 . 05/28/02

(l No foam (b) FMV (or estimate) Description of noncash property given Data received (see instructions) Part I

E

(a) No from Description of noncash property given

FMV (or estimate) Date received Part I (see instructions)

5

(a) No (b) M (CO FMV (or estimate) from Description of noncash property given Date received Part I (see instructions)

E

(a) No (l

from Description of noneash property given FMV (or estimate)

Date received (see instructions) Part I

I$ I Schedule B (Farm 990,990-EZ,or990-PF)~200

15 2002 .05000 DAVID s FELA SHAPELL FOUNDA 519481

:zsasa of zMm

12130514 602174 51948

Pp. 1 m 1 0l Pert A Employer Identification number

95-6187271

BONDS

BELLEVUE CHURCH OF RELIGIOUS SCIENCE 100 PO BOX 52643 BELLEVUE, WASHINGTON 98015-2643

DAVID & FELA SHAPELL FOUNDATION JANUARY 1, 2002-DECEMBER 31, 2002

NAMES CASH AMERICAN ASSOCIATES BEN-f'URION UNIVERSITY 1,000 9911 WEST PICO BOULEVARD, SUITE 710 LOS ANGELES, CA 90035

AMERICAN CMfE-0ARCHENOAM/SHAPElLCOLLEGE 255,000 3825 OCEAN VIEW AVENUE BROOKLYN, NEW YORK 11234

AMERICAN COMMITTEE SHAARE ZADEK HOSPITAL 10,620 49 WEST 45TH STREET, 11TH FLOOR NEW YORK NEW YORK 10036

AMERICAN CNffE WEIZMANN INSTITUTE OF SCIENCE 500,000 9911 WEST PICO BOULEVARD, SURE 900 LOSANGELES, CA 90035

AMERICAN FRIENDS OF ALYN REHABILITATION HOSP 5,000 19 WEST 44TH STREET, SUITE 1418 NEW YORK, NEW YORK 10036

AMERICAN FRIENDS OF HEBREW UNIVERSITY 115,000 9911 PICA BOULEVARD, SUITE 7520 LOS ANGELES, CA 90035

AMERICAN FRIENDS OF MAGEN L'CHOL1 2,000 32 CABINFIELD CIRCLE LAKEWOOD, NEW JERSEY 08701

AMERICAN SOCIETY OF YAD VASHEM 450,000 500 FIFTH AVENUE, SUITE 1600 NEW YORK, NY 10110

AS,SOCIATESADA MAYER CUMMINGS AUXILIARY 350 7150 TAMPA AVENUE RESEDA, CA 91335

ATID DAY SCHOOL 1,800 PO BOX 6017 FREEMONT, CA 94538

CHABAD OF THE EAST BAY 700 2643 COLLEGE AVENUE BERKELEY, CA 94704

BETH JACOB CONGREGATION 104,280 9030 WEST OLYMPIC BOULEVARD BEVERLY HILLS, CA 90211

BETH JACOB CONGREGATION SISTERHOOD 1,250 9030 WEST OLYMPIC BOULEVARD BEVERLY HILLS, CA 90211

BETH JACOB CONGREGATION - OAKLAND 2,150 3778 PARK BOULEVARD OAKLAND, CA 94610

BEVERLY HILLS BREMEN'S ASSOCIATION 200 C/O FTA 427 NORTH CANON DRIVE, SUITE 108 BEVERLY HILLS, CA 90210

BEVERLY HILLS POl1CEMENS ASSOCIATION 250 C/O FfA 427 NORTH CANON DRIVE, SUITE 108 BEVERLY HILLS, CA 90210

BOYS TOWN JERUSALEM 3,000 12 WEST 31ST STREET, SUITE 300 NEW YORK, NEW YORK 10117-2703

CEDARS SINAI MEDICAL CENTER (LUNG CANCER) 1,000 8700 BEVERLY BOULEVARD, SUfTE 2416 LOS ANGELES, CA 90048

CHABAD, FRIENDS OF LUBAVffCH 15,000 741 GAYLEY AVENUE LOS ANGELES, CA 90024

CHABAD OF LA COSTA 200 1980 LA COSTA CARLSBAD,CA 92009

CHABAD HOUSE LUBAVICH OF MAINE 700 101 CRAIGIE STREET PORTLAND, ME 04102

CHABAD OF NORTH BEVERLY HILLS 4,120 409 FOOTHILL ROAD BEVERLY HILLS, CA 90210

HARIaHAM HILLEL HEBREW ACADEMY 360 9120 WEST OLYMPIC BOULEVARD BEVERLY HILLS, CA 90211

CHABAD ON MONTANA 1,000 1111 MONTANA AVENUE SANTA MONICA, CA 90402

CkWI CFNTEFI 500 3115 PURDUE AVENUE LOS ANGELES, CA 90066

CONCERN FOUNDATION 1,200 9903 SANTA MONICA BOULEVARD, SUITE 202 BEVERLY HILLS, CA 90212

CONGREGATION BETH ISRAEL 500 8056 BEVERLY BOULEVARD LOS ANGELES, CA 90048

CONGREGATION MOGEN DAVID 1,500 9717 WEST PICO BOULEVARD LOS ANGELES, CA 90035

EVA GUNTHER FOUNDATION 500 146 FIFTH AVENUE SAN FRANCISCO, CA 94118

FRIENDS OF IDF 298 FIFTH AVENUE, FIFTH FLOOR 330,000 NEW YORK, NEW YORK 10001

FRIENDS OF T1FEfH HATORAH 100 699 EAST FOURTH STREET BROOKLYN, NY 11218

HACHNASSAT KALLAH OF LOS ANGELES 1,000 1156 S BEVERWIL DRIVE LOS ANGELES, CA 90035

HADASSAH MEDICAL RELIEF 100,000 50 WEST 58TH STREET NEW YORK, NEW YORK 10019

HADASSAH OF SOUTHERN CALIFORNIA 1,349 455 SOUTH ROBERTSON BEVERLY HILLS, CA 90210

MAGEN DAVID ADOM 200 9613 NORTH TEXHOMA NORTHRIDGE, CA 91325

ISRAEL HUMANITARIAN FOUNDATION 10,000 1801 AVENUE OF THE STARS, SIXTH FLOOR LOS ANGELES, CA 90067

JEWISH BIG BROTHERS 500 6505 WILSHIRE BOULEVARD, SUITE 600 LOS ANGELES, CA 90049

JEWISH COMMUNITY ALLIANCE 10,000 SJ ASHMONT STREET PORTLAND, ME 04103

JEWISH FEDERATION COUNCIL OF GREATER LA 25,000 6505 WILSHIRE BOULEVARD LOS ANGELES, CA 90048

JEWISH HOME FOR THE AGING 500 7150 TAMPA AVENUE RESEDA, CA 91335

JEWISH LIFE PRODUCTIONS 500 11071 VENTURA BOULEVARD STUDIO CITY, CA 91604

JEWISH OUTREACH CENTER 18,000 5932 CHARLESTOWN DALLAS, TEXAS 75230

KAV L'CHAYIM 500 1122 AVENUE J BROOKLYN, NEW YORK 11230

KCEf 250 POST OFFICE BOX 469028 ESCONDIDO, CA 92046-9028

LADIES BIKUR CHOLJM SOCIETY 100 714 NORTH PALM DRIVE BEVERLY HILLS, CA 90210

LODZER ORGANIZATION 100 8725 CLIFTON WAY BEVERLY HILLS, CA 90211

OAKLAND HEBREW DAY SCHOOL 10,000 215 RIDGEWAY AVENUE OAKLAND, CA 94611

200 OHEL DAVID CONGREGATION 7967 BEVERLY BOULEVARD LOS ANGELES, CA 90036

SPECIAL OLYMPICS OF SOUTHERN CALIFORNIA 500 6077 BRISTOL PARKWAY, UNIT 100 CULVER CITY, CA 90230

MULTIPLE sates SOCIETY 5,000 2440 SOUTH SEPULVEDA, SUITE 115 LOS ANGELES, CA 90064

NATIONAL DOWN SYNDROME CONGRESS 350 1800 DEMPSTER STREET PARK RIDGE, IL 60068-1146

ORTHODOX UNION-WEST COAST 2,000 9831 PICO BOULEVARD, SUITE 103 LOS ANGELES, CA 90035

PERUTZ EIZJAC08 HEBREW ACADEMY 500 7951 BEVERLY BOULEVARD LOS ANGELES, CA 90048

RELIGIOUS ZIONIST OF AMERICA 1,000 7 PENN PLAZA NEW YORK, NEW YORK 10001

SHALHEVET HIGH SCHOOL 10,000 910 SOUTH FAIRFAX LOS ANGELES, CA 90036

SHOMRIM SOqEfI' 200 PO BOX 35688 LOS ANGELES, CA 90035

78,500 SIMON WIESENTHAL CENTER 9769 WEST PICO BOULEVARD LOS ANGELES, CA 90035

SPECIAL OLYMPICS 125,000 1325 G STREET, NORTHWEST, SUITE 500 WASHINGTON, DC 20005-3104

GRAND TOTAL 2,401,429

TEMPLE BETH EL 50,000 400 DEERING - PORTLAND, ME 04103

THE 7939 CLUB 6,950 401 NORTH ORLANDO LOS ANGELES, CA 90048

TOMCHd SHI1B80S 500 353 1/2 NORTH LA BREA LOS ANGELES, CA 90036

1gDAKA FUND 500 9259 MONTE MAR LOS ANGELES, CA 90035

UNfTEDJEVNISH FUND 150 6505 WILSHIRE BOULEVARD LOS ANGELES, CA 90036

WAYNFLETESCHOOL 100,000 360 SPRING STREET PORTLAND, ME 04102

YESHIVA UNIVERSITY LOS ANGELES 30,000 9760 WEST PICO BOULEVARD LOS ANGELES, CA 90035

YESHIVOT BNAI AKIVA 200 16710 NE 9TH AVEVNUE, #302 NORTH MIAMI BEACH, FLORIDA 33162

YOUNG ISRAEL OF CENTURY CITY 2,500 9315 WEST PICA BOULEVARD LOS ANGELES, CA 90035

TOTAL 2,376,429 25,000

DAVID & FELA SHAPELL FOUNDATION 95-6187271

FORM 990-PF OTHER INCOME STATEMENT 3

AMOUNT

TOTAL TO FORM 990-PF, PART I, LINE 11, COLUMN A 235 .

16 STATEMENT S) 1, 2, 3 12130514 602174 51948 2002 .05000 DAVID 6 FELA SHAPELL FOUNDA 519481

FORM 990-PF INTEREST ON SAVINGS AND TEMPORARY CASH INVESTMENTS STATEMENT 1

SOURCE AMOUNT

ALLIANCE CAPITAL MANAGEMENT HOLDING L .P . K-1 13-3434400 22, COMMERCIAL PAPER 33,216 . CORPORATE BONDS 64,675 . MONEY MARKET 273 .

TOTAL TO FORM 990-PF, PART I, LINE 3, COLUMN A 98,186 .

FORM 990-PF DIVIDENDS AND INTEREST FROM SECURITIES STATEMENT 2

CAPITAL GAINS COLUMN (A) SOURCE GROSS AMOUNT DIVIDENDS AMOUNT

ALLIANCE CAPITAL MANAGEMENT HOLDING L .P . K-1 13-3434400 26 . 0 . 26 . GNMA 76,123 . 0 . 76,123 . ISRAEL BONDS 76,000 . 0 . 76,000 . MARKETABLE SECURITIES 163,974 . 0 . 163,974 .

TOTAL TO FM 990-PF, PART I, LN 4 316,123 . 0 . 316,123 .

DESCRIPTION

FROM K-1 : ALLIANCE CAPITAL MANAGEMENT HLDG LP FEIN 13-3434400 235 .

DAVID 6 FELA SHAPELL FOUNDATION 95-6187271

FORM 990-PF OTHER PROFESSIONAL FEES STATEMENT 5

INVESTMENT MANAGEMENT SERVICES

TO FORM 990-PF, PG 1, LN 16C

8,049 . 8,049 . 0 .

8,049 . 8,049 . 0 .

(A) (B) (C) (D) EXPENSES NET INVEST- ADJUSTED CHARITABLE

DESCRIPTION PER BOOKS MENT INCOME NET INCOME PURPOSES

FEDERAL EXCISE TAX 10,341 . 0 . 0 .

TO FORM 990-PF, PG 1, LN 18 10,341 . 0 . 0 .

17 STATEMENT S) 4, 5, 6 12130514 602174 51948 2002 .05000 DAVID 6 FELA SHAPELL FOUNDA 519481

FORM 990-PF ACCOUNTING FEES STATEMENT 4

(A) (B) (C) (D) EXPENSES NET INVEST- ADJUSTED CHARITABLE

DESCRIPTION PER BOOKS MENT INCOME NET INCOME PURPOSES

STAN KUBRIN, INC . - ACCOUNTING SERVICES 24,000 . 24,000 . 0 . TAX PREPARATION 5,550 . 5,550 . 0 .

TO FORM 990-PF, PG 1, LN 16B 29,550 . 29,550 . 0 .

DESCRIPTION

(A) (B) (C) (D) EXPENSES NET INVEST- ADJUSTED CHARITABLE PER BOOKS MENT INCOME NET INCOME PURPOSES

FORM 990-PF TAXES STATEMENT 6

" DAVID & FELA SHAPELL FOUNDATION

TELEPHONE OFFICE EXPENSE STATE FILING FEE

TO FORM 990-PF, PG 1, LN 23 0 . 47,311 . 47,311 .

TOTAL STATE AND MUNICIPAL GOVERNMENT OBLIGATIONS 80,804 . 103,816 .

TOTAL TO FORM 990-PF, PART II, LINE 10A 80,804 . 103,816 .

18 STATEMENT S) 7, 8, 9 12130514 602174 51948 2002 .05000 DAVID S FELA SHAPELL FOUNDA 519481

FORM 990-PF

DESCRIPTION

OTHER EXPENSES

(A) (B) EXPENSES NET INVEST-PER BOOKS MENT INCOME

306 . 306 . 46,995 . 46,995 .

10 . 10 .

95-6187271

STATEMENT 7

(C) (D) ADJUSTED CHARITABLE

NET INCOME PURPOSES

0 . 0 . 0 .

FORM 990-PF OTHER DECREASES IN NET ASSETS OR FUND BALANCES STATEMENT 8

DESCRIPTION AMOUNT

DONOR'S BASES DIFFERENCES FOR SALES OF DONATED STOCK 970,431 . NON-DEDUCTIBLE EXPENSES PER FORM K-1 ALLIANCE CAPITAL MGMT HLDG LP 13-343440 320 .

TOTAL TO FORM 990-PF, PART III, LINE 5 970,751 .

FORM 990-PF U .S . AND STATE/CITY GOVERNMENT OBLIGATIONS STATEMENT 9

U .S . OTHER FAIR MARKET DESCRIPTION GOVT GOVT BOOK VALUE VALUE

SEE SCHEDULE ATTACHED X 80,804 . 103,816 .

TOTAL U .S . GOVERNMENT OBLIGATIONS

" DAVID b FELA SHAPELL FOUNDATION 95-6187271

FORM 990-PF CORPORATE STOCK STATEMENT 10

FAIR MARKET BOOK VALUE VALUE

6,809,509 . 5,063,203 .

6,804,509 . 5,063,203 . TOTAL TO FORM 990-PF, PART II, LINE lOB

FORM 990-PF OTHER INVESTMENTS STATEMENT 13

FAIR MARKET BOOK VALUE VALUE

73,730 . 62,370 .

73,730 . 62,370 . TOTAL TO FORM 990-PF, PART II, LINE 13

19 STATEMENT S) 10, 11, 12, 13 12130514 602174 51948 2002 .05000 DAVID 6 FELA SHAPELL FOUNDA 519481

DESCRIPTION

SEE SCHEDULE ATTACHED

FORM 990-PF CORPORATE BONDS STATEMENT 11

FAIR MARKET DESCRIPTION BOOK VALUE VALUE

SEE SCHEDULE ATTACHED 2,327,618 . 2,370,591 .

TOTAL TO FORM 990-PF, PART II, LINE lOC 2,327,618 . 2,370,591 .

FORM 990-PF MORTGAGE LOANS STATEMENT 12

FAIR MARKET DESCRIPTION BOOK VALUE VALUE

SEE SCHEDULE ATTACHED 2,346,472 . 2,389,219 .

TOTAL TO FORM 990-PF, PART II, LINE 12 2,346,472 . 2,389,219 .

DESCRIPTION

SEE SCHEDULE ATTACHED

STATEMENT 9

80,804 80,804 103,816

INVESTMENTS IN STOCK STATEMENT 10

1,800 Abbott Labs 80,775 0 0 762 Agilent (Spinoff HWP) 24,956 0 0

2,400 American Home Products(Wyeth) 38,400 38,400 89,760 1,000 American Int'1 Group 84,438 84,438 57,850

1500 /300 AT&T Core (Reverse split) 24,298 9,087 7,833 485 Comcast (Spinoff AT&T) 0 15,211 11,431

4489 /897 AT&T Core (Reverse split) 96,832 36,215 23,421 1,452 Comcast (Spinoff AT&T) 0 60,617 34,224 10,000 AT&T Corp 372,444 0 0

2000 /400 AT&T Corp (Reverse split) 74,489 27,859 10,444 647 Comcast (Spinoff AT&T) 0 46,630 15,250 750 AT&T Corp 37,094 0 0

2961 /592 AT&T Corp .(Reverse split) 127,623 47,731 15,457 957 Comcast (Spinoff AT&T) 0 79,892 22,556

2000 /400 AT&T Corp (Reverse split) 56,730 21,217 10,444 647 Comcast (Spinoff AT&T) 0 35,513 15,250 482 AT&T Wireless 6,990 6,990 2,723

1,445 AT&T Wireless 27,855 27,855 8,164 3,862 AT&T Wireless 128,567 128,567 21,820

882 AT&T Wireless 37,094 0 0 241 AT&T Wireless 0 0 0 952 AT&T Wireless 36,713 36,713 5,379 643 AT&T Wireless 16,319 16,319 3,633

1,400 Audiocodes 55,388 0 0 1,200 Automatic Data Processing 74,475 0 0 1,000 Bank One 43,185 43,185 36,550 1,000 Bank One Cap 8W Pfd 25,000 25,000 26,490 2,000 Boeing 103,500 103,500 65,980 1,640 HP Amoco 75,440 75,440 66,666 1,640 BP Amoco-Atlantic Richfield 65,466 65,466 66,666 4,000 Bristol Myers Squibb 101,721 101,721 92,600 1,482 Cablevision Systems 120,598 0 0 1,000 Canadian Pacific 19,922 0 0

1 of 6

DAVID & FELA SHAPELL FOUNDATION 2002

No of Sh . Securi

STATE AND MUNICIPAL GOVERNMENT OBLIGATIONS

100,000 Cincinnati 6 9% 5/15/28

Total

Hook Value Fair 12/31/01 12/31/02 Market Value

80,804 80,804 103,816

DAVID & FBLA SHAPBLL FOUNDATION 2002

Hook Value No of Sh Security 12/31/01 12/31/02

0 200,500

0 0

90,096 0 0

25,000 112,000 61,695 194,500 38,348 91,907 25,081 51,412

0 41,688

0 0 0

33,918 80,113 91,281 71,388

0 0

144,973 15,715 88,480 42,313

0 197,656

0 77,919

0 45,783 83,832

2of6

2,000 Caterpillar Inc 100,629 3,500 Caterpillar Inc 170,916 2,000 Cisco Systems 83,750 1,500 Citigroup Inc . 81,844

a~ Travelers A & B-sold 11/02 2,532 CNA Surety (Capsure) 32,916 4,000 Coca Cola 200,500 1,000 Conexant Systems (Spin ROK) 5,137

500 CP Ships 4,646 1,247 DaimlerChrysler 90,096 3,000 Dell Computer 77,805 1,397 Delphi Automotive 18,063 1,000 Delta Airlines 8 12 7/1/39 25,000 4,000 DuPont 112,000 2,000 DuPont 61,695 4,000 DuPont 194,500

600 DuPont 38,348 1,500 DuPont 91,907

400 DuPont 25,081 1,000 Eastman Kodak 51,412 1,000 Eastman Kodak 51,405

500 Eastman Kodak 41,688 500 Fairmont Hotels 9,310

1,200 Fd Hm Ln Mort 75,225 332 Fording Inc 6,204

4,200 General Electric 33,918 1,700 General Electric 80,113 2,000 General Motors 91,281 1,000 General Motors 71,388 3,500 Goodyear Tire 182,947 2,000 Goodyear Tire 106,552 3,000 Heinz 160,688 1,339 Del Monte (Spinoff Heinz) 0 4,000 Hewlett Packard 88,480 1,000 Home Depot 42,313

400 IBM 11,126 5,000 IBM 197,656 1,000 IBM 39,532

700 International Business Mach 77,919 3,000 International Flavor & Fragra 55,538 1,200 International Paper 45,783 2,000 International Paper 83,832

100,629 170,916 83,750 76,627 a

Fair Market Value

91,440 160,020 26,200 52 .785

0 175,360

0 0

38,221 0 0

13,050 169,600 84,800 169,600 25,440 63,600 16,960 35,040

0 17,520

0 0 0

102,270 41,395 73,720 36,860

0 0

98,610 10,310 69,440 24,020

0 387,500

0 54,250

0 41,964 69,940

3of6

DAVID & FELA SHAPELL FOUNDATION 2002

Book Value Fair No . of Sh Security 12/31/01 12/31/02 Market Value

200 International Paper 8,248 8,248 6,994 200 International Paper 9,770 9,770 6,994

1,000 JDN Realty Core 25,000 25,000 25,250 3,569 Koninklijke Phillips 114,877 114,877 63,100

700 Linear Tech 43,750 43,750 18,004 2,000 Lockheed Martin 63,900 0 0 1,296 Lucent 12,770 0 0 2,064 Lucent 27,073 0 0 1,816 Lucent 23,820 23,820 2,288 5,184 Lucent 203,472 203,472 6,532 2,096 Lucent 82,268 0 0

75 Agere C1 A (Lucent spinoff) 0 0 108 1,851 Agere Cl B (Lucent spinoff) 0 0 2,591

700 Maxim Integrated 47,600 47,600 23,128 3,200 MHNA Corp 120,200 120,200 91,296 1,500 Medtronic Inc . 82,313 82,313 68,400 1,000 Merck & Co 83,313 83,313 56,610 9,000 Motorola 145,875 145,875 77,850 9,000 Motorola 425,813 425,813 77,850 9,000 Motorola 425,813 425,813 77,850 1,000 Newport News Shipbuilding (Gru 64,120 0 0 1,200 Northern Trust 79,275 79,275 42,060 1,300 Oracle Corp 44,769 0 0 1,368 PanCanadian Energy 45,018 0 0 4,200 Pepsico 42,161 0 0 3,450 Pepsico 51,971 51,971 145,659

800 Pepsico 39,694 0 0 1,000 Pfizer Inc 41,063 0 0 2,380 Pharmacia Corp 69,766 65,510 b 99,484

b 406 shs Monsanto -sold 11/02 6,000 Philip Morris 227,500 227,500 243,180

900 Philip Morris 41,043 41,043 36,477 2,100 Philip Morris 87,193 87,193 85,113 1,900 Philip Morris 74,595 74,595 77,007 1,000 Philip Morris 34,849 34,849 40,530 2,000 Philip Morris 82,625 82,625 81,060 1,000 Conoco Philips Petroleum 50,777 50,777 48,390 1,000 Procter & Gamble 74,500 0 0

127 Raytheon 6,156 6,156 3,905 810 Raytheon 27,667 27,667 24,908

1,000 Readers Digest 49,250 0 0 1,000 Rockwell Collins- .6034 14,046 0 0

Book Value Fair No of Sh Security 12/31/01 12/31/02 Market Value

omation) 9,232 81,281 73,833

Quads 25,000 150,979 90,500 25,000 55,500

17,044 17,043

98,000 238,720 63,458 28,188 107,500 77,156

nc 68,704 nc 24,046

5,154 0 0 0 0

9,425,698

Rockwell Int'1 (Aut Safeway Inc SBC Comm Seagram & Sons 8~ Sears Sempra Energy Shurgard Pfd C St Jude Medical State Street Corp State Street Corp Tele Danmark Teva Pharmaceutical Verizon (GTE Corp ) Vivendi Universal Vivendi Universal Wal Mart Stores Washington Mutual I Washington Mutual 2 Zimmer Holdings Intel Corp Microsoft Sempra Energy American Express Total

1,000 1,500 1,600 1,000 5,000 4,000 1,000 1,000 2,000 2,000 4,000 4,000 1,220 1,600 1,600 1,500 3,000 1,050

400 5,000 400

1,000 1,200

INVESTMENT IN OTHER BONDS

1,000 1,000

100,000 100,000 100,000 109,000 16,000 75,000

200,000 200,000 200,000 200,000

24,750 25,000 99,800 84,604 84,604 88,776 13,065 59,732 204,754 207,504 204,004 210,525

1,020,500

AHN Amro 7 .125 24,750 AMR Corp .7 .875% 7/13/39 25,000 Ford Credit 6 7% 7/16/04 99,800 GMAC 6t 4/1/11 82,908 GMAC 6t 4/1/11 82,908 GMAC 6t 4/1/11 86,596 GMAC 6%- 4/1/11 12,748 GMAC 6% 4/1/11 50,107 GMAC 6 .125 2/1/07 0 Ford Credit 7 25& 10/1/08 0 Merrill Lynch 6V 2/17/09 0 Household Fin 6 4%- 6/17/08 0 Israel bonds 1,020,500

Total 2,370,591

4of6

DAVID & FBLA SFIAPELL FOUNDATION 2002

0 0 0

25,000 0

90,500 25,000 55,500

0 17,043

0 0

63,458 28,188 107,500

0 68,704

0 0

172,550 25,228 25,463 40,269

6,804,509

1,493,317 2,327,618

0 0 0

25,450 0

94,600 25,700 79,440

0 78,000

0 0

47,275 25,712 25,712

0 103,590

0 0

77,850 20,680 23,650 42,420

5,063,203

STATEMENT 11

25,600 10,250

101,883 95,000 95,000

103,550 15,200 71,250

203,592 198,190 217,308 213,268

i,ozo,soo

Hook Value Fair No of Sh Security 12/31/01 12/31/02 Market Value

MORTGAGE LOANS STATEMENT 12

5 o16

DAVID & FELA SHAPSLL FOUNDATION 2002

5076 /3346 GNMA Pass Thru-000486M 5,203 3,430 3,558 9019 /6905 GNMA Pass Thru-000614M 9,312 7,129 7,374 10084 /3686 GNMA Pass Thru-001623M 10,399 3,801 3,967 13592 /8545 GNMA Pass Thru-002089M 13,779 8,662 9,188 11122 /6994 GNMA Pass Thru-002089M 11,664 7,335 7,518 30636 /17689 GNMA Pass Thru-002128M 31,488 18,181 18,948 24249 /14543 GNMA Pass Thru-002665M 23,612 14,161 15,288 22405 /11667 GNMA Pass Thru-009407X 23,301 12,134 12,232 20431 /12606 GNMA Pass Thru-011002X 21,453 13,236 13,411 5703 /3752 GNMA Pass Thru-015566X 5,874 3,865 3,980 13861 /9095 GNMA Pass Thru-019301X 14,368 9,428 9,757 12647 /8472 GNMA Pass Thru-026094X 13,042 8,737 9,130 18656 /15608 GNMA Pass Thru-028076X 19,589 16,388 17,034 14566 /12969 GNMA Pass Thru-031365X 15,331 13,650 14,154 35054 /31776 GNMA Pass Thru-034290X 36,982 33,524 35,208 19521 /18104 GNMA Pass Thru-039465X 20,107 18,647 20,716 11828 /10901 GNMA Pass Thru-042609X 12,419 11,446 12,473 10621 /7723 GNMA Pass Thru-057498X 11,129 8,092 8,467 8718 /5666 GNMA Pass Thru-058261X 9,285 6,034 6,614 28606 /11750 GNMA Pass Thru-062889X 30,036 12,338 13,614 27158 /26307 GNMA Pass Thru-135364X 27,973 27,096 30,630 28882 /15970 GNMA Pass Thru-135369X 30,759 17,008 18,736 43967 /35122 GNMA Pass Thru-151965X 46,385 37,054 39,058 21103 /20319 GNMA Pass Thru-170831X 22,053 21,233 22,597 10963 /7376 GNMA Pass Thru-186052X 11,402 7,671 8,097 24197 /21285 GNMA Pass Thru-190749X 24,394 21,458 22,174 35560 /31032 GNMA Pass Thru-190749X 35,027 30,567 32,590

2,133 GNMA Pass Thru-231517X 2,176 2,169 2824 /1112 GNMA Pass Thru-279411X 2,909 1,145 1,160 11563 /9262 GNMA Pass Thru-344768X 11,968 9,586 9,977 13783 /11024 GNMP. Pass Thru-353300X 13,947 11,155 11,846 5620 /3570 GNMA Pass Thru-355620X 5,732 3,641 3,836 7150 /4928 GNMA Pass Thru-358755X 7,508 5,174 5,315 11933 /8629 GNMA Pass Thru-380077X 11,814 8,543 9,177 7944 /5567 GNMA Pass Thru-394806X 8,202 5,748 5,980 13567 /8132 GNMA Pass Thru-427772X 14,042 8,417 8,784 88699 /52729 GNMA Pass Thru-454179X 91,360 54,311 56,035 22466 /17148 GNMA Pass Thru-455558X 23,589 18,005 18,407

Hook Value Fair No of Sh Security 12/31/01 12/31/02 Market Value

STATEMENT 13

44,615 42,360 31,000 31 .370 31 .370 31 .370

6of6

DAVID E FELA SHAPELL FOUNDATION 2002

370192 /274330 GNMA Pass Thru-456869X 102917 /75596 GNMA Pass Thru-473567X 137342 /103785 GNMA Pass Thru-487622X

65,125 GNMA Pass Thru-462797X 24,254 GNMA Pass Thru-490209X 29,591 GNMA Pass Thru-490209X 14,440 GNMA Pass Thru-470599X 13,687 GNMA Pass Thru-360632X 39,648 GNMA Pass Thru-433949X 13,193 GNMA Pass Thru-475484X 14,127 GNMA Pass Thru-464045X 60,396 GNMA Pass Thru-503029X

1,000,100 GNMA Pass Thru-003320M 40,067 GNMA Pass Thru-487579X

Total

OTHER INVESTMENTS

1,000 Alliance Cap Mgmt L P Valuable Judaical documents

Total

383,149 293,932 291,531 106,005 77,864 80,336 144,381 109,104 110,219

67,242 68,667 25,285 25,758 31,366 31,425 15,198 15,335 14,371 14,590 42,027 41,987 13,919 14,020 15,010 14,895 64,322 63,935

1,026,281 1,025,143 42,521 42,179

1,363,148 2,346,472 2,389,219

75,985 73,730 62,370

'DAVID & FELA SHAPELL FOUNDATION 95-6187271

FORM 990-PF OTHER ASSETS STATEMENT 14

FAIR MARKET BOOK VALUE VALUE

424 . 0 .

424 . 0 .

DESCRIPTION

ORGANIZATION EXPENSE

TOTAL TO FORM 990-PF, PART II, LINE 15

NAME OF MANAGER

DAVID SHAPELL FELA SHAPELL

20 STATEMENT S) 14, 15 12130514 602174 51948 2002 .05000 DAVID & FELA SHAPELL FOUNDA 519481

FORM 990-PF PART XV - LINE 1A STATEMENT 15 LIST OF FOUNDATION MANAGERS

Form 2220 DcpaNrani of We Trmury i~~d aft., .. sw~

OMB NO 15dS0142 Underpayment of Estimated Tax by Corporations " See separate Instructions

" Attach to the corporation's tai return FORM 990-F 202 Name Employer identification number

DAVID & FELA SHAPELL FOUNDATION I 95-6187271 Note In most cases, the corporation does not need to file Form 2220 (See Part I below for exceptions ) ire IRS unit figure any penalty owed and bill the corporation It

the corporation does not need to file Form 2220, it may still use it to figure the penalty Enter the amount from line 34 on the estimated tax penalty line of the rornnnlinn c mrnma toy rolum nut nn not an2rh Lnrm 797(1

1 ~ The corporation is using the annualized income installment method 2 ~ The corporation is using the adjusted seasonal installment method 3 ~ The corporation is a'larpe corporation figuring its first required installment based on the poor year's fax

10 .289 . 8 Enter the smaller of line 6 or line 7 If the corporation is

21 12130514 602174 51948 2002 .05000 DAVID & FELA SHAPELL FOUNDA 519481

Reasons FOB Filing - Check the boxes below that apply to the corporation If any boxes are checked the corporation must file Form 2220 even if it does not owe the penalty If the box on line 1 or line 2 applies, the corporation may be able to lower or eliminate the penalty

4 Total tax (see instructions)

5a Personal holding company tax (Schedule PH (Form 1120), line 26) included on line 4 D Look-back interest included on line 4 under section 460(D)(2) for completed loop-term

contracts or of section 167(p) for property depreciated under the income forecast method

c Credit for Federal tax gala on fuels (see instructions) Se d Total Add lines Sa through Sc

6 Subtract line Sd from line 4 If the result is less than $500, do not complete or file this form Tie corporation does not awe the penalty

1 Enter the tax shown on the corporation's 2001 income tax return Caution If zero or the tax year was for less than 12 months, skip this line and enter the amount from line 6 on line 8

10,289 .

9 Installment due dates Enter in columns (a) through (d) the 15th day of tie 4th (Form 990-PF liters Use 5th month), 6th, 9th, and 121h months of the corporation's lax year 9 05/15/02 06/15/02 09/15/02 12/15/02

10 Required installments If the fox on line 1 and/or line 2 above is checked, enter the amounts from Schedule A, line 40 It the box on line 3 (but not 1 or 2) is checked, see instructions for the amounts to enter If none of these boxes are checked enter 25% of line 8 above in each column 10 2 f 572 . 2 , 573 . 2 , 572 . 2 , 572 .

11 Estimated tax paid or credited for each penod (see instructions) For column (a) only. enter the amount from line 11 on line 15 11 9, 129 . 1,191 . Complete lines 12 through 78 of one column before going to the nest column

12 Enter amount, if any from line 18 of the preceding column 12 6 , 557 . 3 , 984 . 1 , 41-2 .

73 Add lines llandl2 13 6 , 557 . 3,984 . 2,603 . 14 Add amounts on lines 16 and 17 of tie preceding

column 14 15 Subtract line 14 from line 13 uzero orless .enter -0- 15 9 129 . 6 f 557 . 3,984 . 2,603 . 16 If the amount on line 15 is zero, subtract line 13 from

line 14 Otherwise enter-0- 16 ~ 0 . 0 . 17 Underpayment It line 15 is less than or equal to line

10 subtract line 15 from line 10 Then go to line 12 of tie next column Otherwise, go to line 18 17

18 Overpayment If line 10 is less than line 75, subtract line tOfrom line 15 Then aotaline 12otthenext column 18 6,557 . 3,984 . 1,412 . ' Complete Part III on page 2 to figure tie penalty II there are no entries on line 17, no penalty Is owed

JWA For Paperwork Reduction Act Note, see separate Instructions Form 2220 (2002) 212 aoi om m

*For underpayments paid after March 31, 2003 For lines 26, 28 30 and 32, use the penalty interest rate for each calendar quarter, which the IRS will determine during the first month in the preceding quarter Vase rates are published quarterly in an IRS News Release and in a revenue ruling in tie Internal Revenue Bulletin To obtain this information on the Internet access tie IRS Web Site at www Its gov You can also call t-800-829 .1040 to get interest rate information

Form 2220 (2002) JWA

ziaam ,z-ie-m

22 12130519 602174 51948 2002 .05000 DAVID 6 FELA SHAPELL FOUNDA 51948 1

'F9RM 990-PF Form 2220f20021 DAVID & FELA SHAPELL FOUNDATION 95-6187271 page 2

PaR III Figunng the Penalty

19 Enter tie date of payment or the 151h day of the 3rd month after the close o1 the tax year whichever is earlier (see instructions) (Farm 990-PF and Farm 990-T filers Use 5th month instead of 3rd month )

20 Number of days from due dale of installment on line 9 to the date shown on line 19

21 NumDer of OM on line ZO efin 4/ti2ppt enE bebn Via=

22 Underpayment on line 17 A Number of nNf on line 21 a 6% 765

23 Numusol Crys onilnat0ane.,znirzoozwa~ronuiaam

24 UnESrycymentonline l7n Numoerolaav+online 2J x5% 365

25 Numbs of 0M on ilna t0 ehn Y37/20M enU bebre 7/1/100.7

26 Underyaymenlonfine l7t NUmperoldays online 75 n %

363

27 NumDV of days online 30 after lJlO/tOpJ end bebn 10/7/t003

28 Underpayment on line 17 a Numper of days on line 77 n "% 763

29 Number of days online 70 enn 9A02007 end Wont InaOD4

30 UnUttprymmt on line 17 i Number of serf on ilne 29 x'%

365

N~m0ao10rysan1ine20sttv12lf1/t007vMpeforey1fl~100 31 4

32 UnCSpeymml on line 17 a Number of am+on kne Jl a %

33 Add lines 22, 24 26, 28 30, and 32

34 Penalty Add columns (a) through (d), of line 33 Enter the total here and on Farm 1120, line 33, Form 1120-A line 0 .