9oos - conservative...

For, 990-PPD rt t ftha Treasu

Return of Private Foundationor Section 4947( a)(1) Nonexempt Charitable Trust

Treated as a Private Foundation

OMB No 1545-0052

9oosep2, men ryInternal Revenue Service I Note : The foundation may be able to use a copy of this return to satisfy state reporting requirements

For calendar year 2006 , or tax year beg inning , 2006, and ending

r_ r'k -. ^u +k * -hi- Initial return Final return Amended return Address chance Name channe

aw

Name of foundation A Employer identification number

Use the IRS

label. ALLEGHENY FOUNDATION 25-6012303Otherwise, Number and street (or P.O box number if mail is not delivered to street address) Room/suite B Telephone number (see page 11 of

print the instructions)

or type.See Specific 301 GRANT STREET 3900 412 392-2900

Instructions . City or town, state , and ZIP code C pending ciheckhiccton Is

D 1. Foreign organizations , check here ,

PITTSBURGH PA 15219-6402 2. Foreign organizations meeting the85% test , check here and attach

H Check type of organization. X Section 501(c 3 exempt private foundation computation • . . . . . •

Section 4947 ( a )( 1 ) nonexempt charitable trust Other taxable private foundation E If private foundation status was terminatedh Accrualth d X Cd J A ttl f ll I Eling me o asccouns at enue o a asseI Fair market va under secliontio7(bX1XA), check here.

of year (from Part fl, col. (c), line q Other (specify) _ _ _ _ _ _ _ _ _ F If the foundation Is in a 60-month termination

16) ► $ 51 520 , 996. (Part 1, column (d) must be on cash basis.) under section 507(bXIXB). check here , i1

Analysis of Revenue and Expenses (The (d) Disbursements

total of amounts in columns (b), (c), and (d) (a) Revenue and (b) Net investment (c) Adjusted net for charitablemay not necessarily equal the amounts in expenses per

booksincome income purposes

column (a) (see page 11 of the instructions) . ) ( cash basis on ly)

received ( attach schedule ) •grants1 Contributions Its etc 1 , 000 , 000. STS' 1, , ,

2 Checkif the foundation is not required to

ll^ h Btt h Sca ac

3 Interest on savings and temporary cash Investments

4 Dividends and interest from securities 1 , 575 , 556. 1 , 575 , 556. NONE STMT 2, ,

. . . . . . . . . . . . .5a Gross rents . . . .

b Net rental income or (loss)

0 6a Net gain or (loss) from sale of assets not on line 10 2 , 568 , 228.b Gross sales puce for all

4,277,397.l 6t

b

ine aasse s on

7 Capital gain net income (from Part IV, line 2) , 2 , 927 , 483 .

8 Net short-term capital gain . . . . . . . . .

9 Income modifications . . . . . . . . . . .10 a Gross sales less returns

and allowances

b Less Cost of goods sold ,

c Gross profit or (loss) (attach schedule) , , , ,

11 Other income (attach schedule) , , , , ,

12 Total. Add lines 1 throug h 11 5 , 143 . 784. 4 , 503 , 039. NONE

directors, trustees, etc13 Compensation of officers 67 , 400. 9 , 420. NONE 57 , 980., ,,

14 Other employee salaries and wages . , , . . 123 498. 4 , 575. NONE .118 , 923

employee benefits15 Pension plans 76 , 266. 5 , 591. NONE 70 , 675., , , , ,,

STMT 316a Legal fees (attach schedule) 530. NONE NONE 530.

X

•, , ,

4b Accounting fees (attach schedule);TMT 33 , 888. 16 , 944. NONE 16 , 944..u

,

c Other professional fees (attach sc6&it9$) 5 • 49 , 430. 49 , 430. NONE NONE

. . . . . . . . .17 Interest

H

. . . . . . . . . .

18 Taxes (attach schedule) ( see page 14 of the instructions 39 , 771. 1 . 120. NONE 14 , 151.

E 19 Depreciation (attach schedule ) and depletion 10 , 219. NONE NONE STMT 7A

20 Occupancy. . . . . . . . . . 61 , 361. 4 , 498. NONE 56 , 863.i . . . . . . . .

a and meetingsconferences21 Travel 9 , 528. NONE NONE 9 , 528.

111

, , , , , ,,,

22 Printin g blieat . .M

`'

23 Other a penses a a __ T 40 , 442. 2 , 692. NONE 37 , 750 .

24 Total o era ing and administrative exp S.

1 23^rlgr tAdd lin 4. 2007 E} 512 333. 94 , 270. NONE 383 , 344.

26 Contrlb

ff

j^1 ,

grants paidgiiafts 2 211 800. 2 861 800.

ses26 al ex cie

,

es nd25 2 , 724 , 133. 94 , 270. NONE 3 , 245 , 144.

27 Subtrac line 26 t

a Excess of revenue over expenses and disbursements 2 , 419 , 651 ., .

to Net investment income ( if negative , enter -0-) 4 408 , 769. 1

c Adjusted net income (if negative , enter -0 . NONE

For Privacy Act and Paperwork Reduction Act Notice , see the instructions . **STMT 6JSA6E14103000

36190J 827G 04/26/2007 10:08:44 V06-5.4

Form V1111.11-rr (2006)

3

la

r.,..., a^n_ oc onnai 25-6012303 Paae 2

Attached schedules and amounts in the'

Beginning of year End of yearBalance Sheets description column should be for end-of-year

amounts only (See instructions) (a) Book Value (b) Book Value ( c) Fair Market Value

' 1 Cash - non-interest -beanng . 13 , 588. 13 , 588 .STN. . . . . .2 Savings and temporary cash investments , , , 37 , 836. 91 , 338. .91 , 338

3 Accounts receivable ► NONE------------------------

Less• allowance for doubtful accounts ► NON NON NONE-------------

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 page 16 of the instructions)

7 Other notes and loans receivable (attach schedule) ► _ _ _ _ _

Less allowance for doubtful accounts ►y 8 Inventories for sale or use

U% 9 Prepaid expenses and deferred charges . . . . . $T11'] .9. , 2 , 042. 2 , 053. 2 , 053.

Q 10a Investments - US and state government obligations (attach schedule)

rSTNt')v 10,to Investments - corporate stock (attach schedule) 13 188 848. 12 594 237. 49 249 080..

c Investments - corporate bonds (attach schedule ) . . . . . . .1 1 Investments - land, buildings, ►

and equipment basis __________ _________Less accumulated depreciation ►

h lt h d e ) -------------------(at ac sc e u. . . . . . . . . . . . .12 Investments - mortgage loans . . .

13 Investments - other ( attach schedule ) .S. ri 1X NON 2 , 325 , 548. 2 , 325 , 548., , , , , , .14 Land , bindings, and

189 479equipment basis ----^---_Less accumulated depreciation ► 179 090.h h l ^tt d 20 608. 10 389. -160 611.

e ) ---------------ac sc ----(a e u15 Other assets (describe ► ___________________

16 Total assets (to be completed by all filers - see page 17 of

the instructions . Also, see page 1, dem 1) , 13 249 334. 15 037 153. 51,520,996.

and accrued expenses17 Accounts payable , , , , , , , , , , ,.

18 Grants payable 690 000. 40 , 000.

X . . . . . ..19 Deferred revenue .. . . . . . . . . . . . . .

20 Loans from officers , directors , trustees , and other disqualified persons

21 Mortgages and other notes payable (attach schedule) , , , , ,

X 22 Other liabilities (describe ► ___ )________________

23 Total liabilities ( add lines 17 through 22 ) . 690 000. 40 , 000.

Organizations that follow SFAS 117, check here ► X

and complete lines 24 through 26 and lines 30 and 31.

. . .. .. . . . . . . . . . . . . .24 Unrestricted 12 577 502. 14 , 997 , 153.. .. . . .

m 25 Temporarily restricted

CD

. . . . . . . . . . . . . . . . . . . .

26 Permanently restricted . . . . . . . . . . . . . . . . . . . .

Organizations that do not follow SFAS 117,

U. check here and complete lines 27 through 31. ►

o 27 Capital stock , trust principal , or current funds , , , , , , , , ,

,28 Paid - in or capital surplus, or land , bldg, and equipment fund , , , ,

accumulated income , endowment , or other funds29 Retained earnings ,

30 Total net assets or fund balances (see page 18 of the

z ,, , , , , , , , ,instructions ) 12 577 502. 14 , 997 , 153., , , , , , , ,

31 Total liabilities and net assets/fund balances (see page 18 of

......................the instructions) . 13 , 267 , 502. 1 15 037 153.

nal sis of Changes in Net Assets or Fund BalancesI 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 12 , 577 , 502 ., , , , , , , , , , , , , ,

2 Enter amount from Part I, line 27a 2 2 , 419 , 651 ., , , , , , , , , , , , , , , , , , , , , , , , , ,

3 Other increases not included in line 2 ( itemize) ► 3-----------------------------------

4 Add lines 1 2 and3 4 14 997 153.,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, ,

5 Decreases not included in line 2 ( itemize) ► 5_ _

6 Total net assets or fund balances at end of year (line 4 minus line 5) - Part II, column (b), line 30. . 6 .14 , 997 , 153

JSA

6E1420 3 000

Form 990-PF (2006)

361901 827G 04/26/2007 10:08:44 V06-5.4

Forrn990-PF 2006 25 -6 012 303 Page

Ca vital 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.)

HowacquiredteaseD-Donation

(c) Dateacquired

( mo., day , yr.)d) Date sold

^mo., day, yr.)

la STATEMENT 15b

c

de

(e) Gross sales price (f) Depreciation allowed(or allowable)

(g) Cost or other basisplus expense of sale

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

a

b

c

d

e

Com p lete only for assets showing g ain in column ( h ) and owned by the foundation on 12/31/69 (I) Gains (Col. (h) gain minus

(i) F.M V. as of 12/31/69 U) Adjusted basisas of 12 /31/69

( k) Excess of col (i)over col 0), if any

col (k), but not less than -0-)orLosses (from col (h))

a

b

c

d

e

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 2 , 927 , 483.3 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 pages 13 and 18 of the Instructions).

If (loss ) , enter -0- in Part I, line 8 . ................................ 3

FT.̂ a 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 ? .. . . E]Yes Q NoIf "Yes ," the foundation does not qualify under section 4940 ( e). Do not compl ete this part.

1 Enter the annrnnriate amount in each column for each vear ' see nave 19 of the instructions before making any entnes

aBase period years Calendar year(or tax year beginning in ) Adjusted qualifying distributions Net value of nonchantable -use assets

Distribution ratio( col (b) divided by col (c))

2005 2 , 378 , 527. 45 252 771. 0.052560913892004 1 , 775 , 190. 38 372 308. 0.04626226809

2003 .1 , 617 097 32 974 859. 0.04904030067

2002 1 , 8 0741 . 36 647 655. 0.04913659551

2001 1 , 670 . 245. 40 204 630. 0.04154359834

2 Total of line 1, column (d) .. , . .. 2 0.238543676503 Average distribution ratio for the 5-year base period - divide the total on line 2 by 5, or by

the number of years the foundation has been in existence if less than 5 years . . . . . . . . 3 0. 04770873530

4 Enter the net value of noncharitable-use assets for 2006 from Part X, line 5 4 47 770 756.

.. . . . . . . . . . . . .. .. . .5 Multiply line 4 by line 3 5 2 , 279 , 082.. . . . . . . . . . . .. . . . .. .

6 Enter 1% of net investment income (1% of Part I, line 27b) . . . .. . . . . . . . . . . . . . . 6 44 , 088.

7 Add lines 5 and 6 7 2 , 323 , 170.

B Enter qualifying distributions from Part XII , line 4. . , , , , , , , , , , , , , , , , , , , , 8 3 , 245 , 144.If line 8 is equal to or greater than line 7, check the box in Part VI, brie 1 b, and complete that part using a 1% tax rate See the Part V I instructio ns on page 19

JSA Form 990-PF (2006)6E1 430 3000

36190J 827G 04/26/2007 10:08:44 V06-5.4 5

Form960-PF 2006 25-6012303 page

1`3"M Excise Tax Based on Investment Income (Section 4940 ( a), 4940(b), 4940 (e), or 4948 - see page 19 of the Instructions)

I a Exempt operating foundations described in section 4940 (d)(2), check here ► and enter "N/A" on line 1 , , ,

Date of ruling letter. _ _ _ _ _ _ _ _ _ (attach copy of ruling letter if necessary - see instructions) .

b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 44 , 088.

here ► XD 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 1, line 12 , col (b)

2 Tax under section 511 (domestic section 4947( a)(1) trusts and taxable foundations only. Others enter -0-) , , , 2

3 Add lines 1 and 2 . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . 3 44 , 088.

4 Subtitle A (income ) tax (domestic section 4947(a)(1) trusts and taxable foundations only Others enter -0-). 4 NONE

5 Tax based on investment income . Subtract line 4 from line 3 If zero or less, enter -0, , , , , , , , , , , , , , 6 44 , 088.

6 Credits/ Payments'

a 2006 estimated tax payments and 2005 overpayment credited to 2006, 6a 36 , 769.

b Exempt foreign organizations -tax withheld at source , . . . . . . . . . . . 6b NONE

c Tax paid with application for extension of time to file (Form 8868), , , , , , , 6c NONE

d Backup withholding erroneously withheld . . . . . . . . . . . . . . . . . 6 d

7 Total credits and payments . Add lines 6a through 6d . . . . . . . . . . . . . . . . . . . . . . . . . 7 36 , 769.

8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached . . . . . . 8

9 Tax due . If the total of lines 5 and 8 is more than line 7 , enteramount owed . . . . . . . . . . . . . . . . ► 9 7 , 319.

10 Overpayment . If line 7 is more than the total of lines 5 and 8 , enter theamount overpaid , , , , , , . . . ► 10

11 Enter the amount of line 10 to be: Credited to 2007 estimated tax ► NONE Refunded 11

Statements Regarding Activities

did the foundation attempt to influence any national , state, or local legislation or did It1 a During the tax year Yes No,

. . . . . . . . . . . . . . . . . . ..participate or intervene in any political campaign? 1 a X.. . . . . . . . . . . . . . . .

b Did it spend more than $ 100 during the year ( either directly or Indirectly ) for political purposes (see page 20

. . . . . . . . . . . . . . . . . . . . . . .of the instructions for definition )? 1 b X. . . . . . . . . . . . . . . . . . . . . .

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? 1 c A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

d Enter the amount (if any) of tax on political expenditures ( section 4955) imposed during the year:

(1) On the foundation ► $ ( 2) On foundation managers ► $

e Enter the reimbursement ( if any) paid by the organization during the year for political expenditure tax imposed on

foundation managers. ► $, , , ,2 Has the foundation engaged in any activities that have not previously been reported to the IRS? 2 X, , , , , , , , , ,

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

or other similar instruments?lf "Yes,' attach a conformed copy of the changes , , . . . . . . . . .or bylawsincorporation 3 X,,

4a Did the foundation have unrelated business gross income of $1,000 or more during the year? . . . . . . . . . . . . . . . . 4a X

. . . . . . . . . . . ." has it filed a tax return onForm 990 -T for this year?b If "Yes 4b A. . . . . . . . . . . . . . . . . . .,

. . . . . . . . . . . .or substantial contraction during the year?dissolutiontermination5 Was there a liquidation 5 X. . . .,,,

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 X. . . . . . . . . . . . . . . .

" complete Part 11, col. (c), and PartXV.000 in assets at any time during the year'lf "Yesndation have at least $57 Did th f 7 X,,e ou

8a Enter the states to which the foundation reports or with which it is registered (see page 20 of the

instructions) ► PAi----------------------------------------------------------------b If the answer is "Yes" to line 7 , has the foundation furnished a copy of Form 990-PF to the Attorney General

nate ) of each state as required byGeneral Instruction G? If "No," attach explanation . . . . . . . . . . . . . . . .(or desi 8 b Xg

9 Is the foundation claiming status as a private operating foundation within the meaning of section 49420)(3)

or 4942 (j)(5) for calendar year 2006 or the taxable year beginning in 2006 (see instructions for Part XIV on

. . . . . . . . . . . . . . . . . . . . . . . .' complete Part XIVa e 28)? If 'Yes 9 X. . . . . . . . . . . . . . . . . . .p g ,

10 Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their

names and addresses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 X

JSA

6E1440 3 000

36190J 827G 04/26/2007 10:08:44 V06-5.4

Form990 -PF (2006)

6

A Form 9J0-PF 5

Statements Regarding Activities Continued

11 a 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 a X

b If "Yes ," did the foundation have a binding written contract in effect on August 17, 2006 , covering the interest,

rents , royalties , and annuities described in the attachment for line 1la? . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 b X

12 Did the foundation acquire a direct or indirect interest in any applicable insurance contract? . . . . . . . . . . . . . . . . . 1 X

13 Did the foundation comply with the public Inspection requirements for its annual returns and exemption application? 13 X

Website address - -----NZA-------------------------------------------------------------------

14 Thebooksareincareof Telephone no . '____412_392_2900-______

Located at '301 GRANT STREET,_ SUITE 3900 PITTSBURGH, _PA--________ZIP+4'15219 _6402

16 Section 4947 ( a)(1) nonexempt charitable trusts filing Form 990-F in lieu of Form 1041 - Check here . . . . . . .. . . N/A . . . . . .

and enter the amount of tax-exempt interest received or accrues during the year . ► 15

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?. . . . . . . . q Yes No

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes X No

(3) Furnish goods , services , or facilities to (or accept them from) a disqualified person? . . . . . . . Yes X No

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?. Stjnt, 12 X Yes No

( 5) Transfer any income or assets to a disqualified person (or make any of either available & 13

for the benefit or use of a disqualified person)? . . . . . . . . .. . . . . . . . . . . . . . . . q Yes No

(6) Agree to pay money or prbperty 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 ) . . . . . . . . . . . . . q Yes No

b If any answer is "Yes" to la ( 1)-(6), didany 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 page 22 of the instructions)? . . . • • • 1 b X

Organizations relying on a current notice regarding disaster assistance check here . . . . . . . . . . . . . ► q

c Did the foundation engage in a prior year in any of the acts described in la, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2006? . . . . . . . . . . . . . . . . . . . . . . . 1 c X

2 Taxes on failure to distribute income (section 4942 ) (does not apply for years the foundation was a private

operating foundation defined in section 49420)(3) or 4942 (j)(5)):

a At the end of tax year 2006, did the foundation have any undistributed income (lines 6d

and 6e , Part XIII) for tax year (s) beginning before 2006? . . . . . . . . . . . . . . . . . . . . . . q Yes q No

If"Yes," list the years

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 page 22 of the instructions .) . . . . . . . . . . . . . . . . . . . . 2b N/LA

c If the provisions of section 4942( a)(2) are being applied toany of the years listed in 2a, list the years here

3a Did the foundation hold more than a 2% direct or indirect interest in any business

enterprise at any time during the year? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . q Yes No

b If "Yes ," did it have excess business holdings in 2006 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; o(3)

the lapse of the 10- , 15-, or 20-year first phase holding period ?i'Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2006.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 b N

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

b Did the foundation make any investment in a prior year ( but after December 31, 1969) that could jeopardize its charitable

ouroose that had not been removed from jeopardy before the first day of the tax year beginning in 2006?. . . . . . . 4b X

Form 990-PF (2006)

JSA6E1450 3 000

36190J 827G 04/26/2007 10:08:44 V06-5.4 7

i Form 990-PF 6FUITI.&TIM Statements Regarding Activities for Which Form 4720 May Be Required Continued

5a During the year did the foundation pay or incur any amount to:4945 ? q Y N(e)) , . . . . .(1) Carry on propaganda , or otherwise attempt to influence legislation (section es o

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration dnve? Yes X No

(3) Provide a grant to an individual for travel , study , or other similar purposes? Yes X No

(4) Provide a grant to an organization other than a charitable , etc , organization described

q Y q Nin section 509 ( a)(1), (2), or (3), or section 4940(d)(2)? (see instructions ) . . . . . . . . . . . . . es o

(6) Provide for any purpose other than religious , charitable , scientific , literary, or

i l ? q Y Nma s , . . . . . . . . .educational purposes , or for the prevention of cruelty to children or an es o

b If any answer is "Yes" to 5a(1)-(5), dldany of the transactions fail to qualify under the exceptions described in

Regulations section 53 4945 or in a current notice regarding disaster assistance (see page 23 of the instructions)? ...

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 theq Yes q No

tax because it maintained expenditure responsibility for the grant? . . . . . . . . . . . . . . . . .

If "Yes," attach the statement required by Regulations section 53.4945-5(d).

6 a Did the foundation , during the year , receive any funds , directly or indirectly, to payq Yes Nopremiums on a personal benefit contract? . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

b Did the foundation , during the year , pay premiums , directly or indirectly , on a personal benefit contract? . . , . , . . . .

7 a

If you answered "Yes" to 6b, also (le Form 8870

At any time during the tax year , was the foundation a party to a prohibited tax shelter transaction? q Yes q No

b If yes , did the foundation receive any proceeds or have any net income attributable to the transaction?

" .. Information About Officers , Directors, Trustees , Foundation Managers, H ighly Paid Emplt

..u „fri..e.e at.e..t ,rc trrrctaac inunrlatinn mananars and their comnensation (see nacre 23 of the Instructions).

(a) Name and address(b) Title, and average

hours per weekdevoted to salon

a Compensation(I not paid , enter

-0^

(d) Contributions toemployee benefit plans

and deferred compensation

(e) Expense account,other allowances

--------------- ---------------------SEE STATEMENT 12 and 13 67 , 400. 12 , 500. NONI

-------------------------------------

-------------------------------------

--------------------------------------

2 Compensation of five highest-paid employees (other than those included on line I - see page 24 of the Instructions).if . aria ante. "unuF ,.

a Name and address of each em to ee aid more than $50,000() P Y P(b ) Title and average

hours per weekdevoted to position

a Compensation()

(d) Contributions toemployee benefitplans and deferredcompensation

( e) Expense account,other allowances

NONE --------------------------------

-------------------------------------

-------------------------------------

-------------------------------------

--------------------------------------Total number of other employees paid over $50,000 • ► I NONE

Form 990 -PF (2006)

JSA6E1460 4 000

36190J 827G 04/26/2007 10:08:44 V06-5.4 8

Form 950-PF (2006) 25-6012303

Information About Officers , Directors , Trustees , Foundation Managers , Highly Paid Employees,and Contractors Continued

3 Flve highest-paid Independent contractors for professional services (see page 24 of the Instructions). If none, enter"NONE."

(a) Name and address of each person paid more than $50, 000 I (b) Type of service I (c) Compensation

Total number of others receiving over $50,000 for professional services . . NONE

- 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 numberof organizations and other beneficiaries served, conferences convened, research papers produced, etc Expenses

I-NOT-APPLICABLE ------------------------------------------------------------

---------------------------------------------------------------------------

2 ---------------------------------------------------------------------------

---------------------------------------------------------------------------

3 ---------------------------------------------------------------------------

---------------------------------------------------------------------------

4 ---------------------------------------------------------------------------

---------------------------------------------------------------------------

'l7u::1 Summary of Program-Related Investments (see oaae 24 of the instructions)Describe the two largest program- related investments made up by the foundation during the tax year on lines 1 and 2 Amount

1-NOT-APPLICABLE------------------------------------------------------------

---------------------------------------------------------------------------

2

---------------------------------------------------------------------------

All other program- related investments See page 25 of the instructions

3-NONE----------------------------------------------------------------------

---------------------------------------------------------------------------

Total . Add lines 1 throu gh 3 . . ►Form 990-PF (2006)

,1sA6E 1465 3 000

36190J 827G 04/26/2007 10:08:44 V06-5.4 9

Form 990-PF (2006) 25-6012303 Minimum investment Return (All domestic foundations must complete this part. Foreign foundations,see page 25 of the 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 . .. . , . . . . . . . la 48 , 482 , 101.b Average of monthly cash balances. . . ,,, , , , , , , , , , , , , , , , , , lb 16 , 128.c Fair market value of all other assets (see page 25 of the instructions) .. . . . . 1 c NONEd Total (add lines 1a, b, and c). .. , . . .. .!..d 48 , 498 , 229.

e Reduction claimed for blockage or other factors reported on lines la and

1c (attach detailed explanation) . .. . . . . . . 1e

2 Acquisition indebtedness applicable to line 1 assets . .. 2 NONE3 Subtract line 2 from line 1d ...... .. . . ... ..

.

3 48 , 498 , 229.

4. . .

Cash deemed held for charitable activities. Enter 11 /2 % of line 3 (for greater amount, see page 26

of the instructions) . . . . . . .. . ... ............. .. ....... i.. 727 473.5

.line 4and on Part V,Net value of noncharitable -use assets . Subtract line 4 from line 3. Enter here

.

5 47 770 756.6 Minimum investment return . Enter 5% of line 5 , 6 2 , 388 , 538.

Distributable Amount (see page 26 of the instructions) (Section 49420)(3) and (j)(5) private operatingfoundations and certain foreign organizations check here ► and do not complete this part.)

I Minimum investment return from Part X, line 6 . . . . . . . . . . . . . . . . .. . . . . .. . . . 1 2 , 388 , 538.

2a Tax on investment income for 2006 from Part VI, line 5 . . . . 2a 44 , 088.

b Income tax for 2006. (This does not include the tax from Part VI) . 2b

c Add lines 2a and 2b . ,,, . . . . . . . . . . ,,,,,,,,,,,,,,,, 2c 44 , 088.3

. . . .. .Distributable amount before adjustments. Subtract line 2c from line 1 . .. . . . ...... . . . . . . 3 2 , 344 , 450.

4 Recoveries of amounts treated as qualifying distributions , , , , , , , , , , , , , , , , , , , , , , 4

5 Add lines 3 and 4 .......... 5 2 , 344 , 450.

6.... ..

Deduction from distributable amount (see page 26 of the instructions) 6

7 Distributable amount as adjusted Subtract line 6 from line 5. Enter here and on Part XIII,

line 1 2 , 344 , 450.

Qualifying Distributions (see page 26 of the instructions)

I Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes

a Expenses, contributions, gifts, etc. - total from Part I, column (d), line 26 . . . . . _ .. . .. . la 3 , 245 , 144.b Program-related investments - total from Part IX-13 . ...... ...... .. 1 b NONE

2 charitable, etc.,Amounts paid to acquire assets used (or held for use) directly in carrying out

purposes , , , , , , , , , , , ,...... ........ ...... .... , , , , , , 2 NONE

3 Amounts set aside for specific charitable projects that satisfy the: _

a Suitability test (prior IRS approval required) , , ,, , , , , , , , , , , , , , , , , , , , , , , , 3a NONE

b Cash distribution test (attach the required schedule) , , ,,, , , , , , , , , , , , , , , , , , , , , , 3b NONE4 Qualifying distributions . Add lines la through 3b. Enter here and on Part V. line 8, and Part XIII, line 4 . . . 4 3 , 245 , 144.

5 Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part 1, line 27b (see page 27 of the instructions) . . . . . . . . .. . .. . . . . 5 44 , 088.

3 Adjusted qualifying distributions.Subtract line 5 from line 4 6 3 , 201 , 056.

Note : The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundationqualifies for the section 4940(e) reduction of tax in those years.

Form 990-PF (2006)

JSA6E1470 3 000

36190J 827G 04/26/2007 10:08:44 V06-5.4 10

r

Form 990 -P,F (2006) 25-6012303

Undistributed Income (see page 27 of the instructions)

(a) (b) (c) (d)

1 Distributable amount for 2006 from Part XI , Corpus Years prior to 2005 2005 2006

line 7 2 344 450.. . . . .. . .. . . . . . . . . . .. .

2 Undistributed income, if any, as of the end of 2005

. , . . , , . ,a Enter amount for 2005 only NONE,

b Total for prior years NONE

3 Excess distributions carryover , if any , to 2006:

a From 2001 NON

b From 2002 NON

NON]c From 2003 .

d From 2004 , , , , , NON

e From 2005 NON

f Total of lines 3a through e NON, , . . , . , , , .

4 Qualifying distributions for 2006 from Part

XIl,line 4 3,245,144. -'

a Applied to 2005 , but not more than line 2a NONE. .

b Applied to undistributed income of prior years(Election required - see page 27 of the instructions)

c Treated as distributions out of corpus ( Election -required - see page 27 of the instructions) , , ,

d Applied to 2006 distributable amount 2 , 344 , 450 .. , , .

e Remaining amount distributed out of corpus 900 , 694. STMT 2 0. .

6 Excess distributions carryover applied to 2006(If an amount appears in column (d), thesame amount must be shown in column (a).)

6 Enter the net total of each column asIndicated below:

and 4e Subtract line 54ca Corpus Add lines 3f 900 , 694.,,

b Pnor years ' undistributed income . Subtract

line 4b from line 2b NONE..............c Enter the amount of prior years ' undistributed

income for which a notice of deficiency hasbeen issued , or on which the section 4942(a)tax has been previously assessed . . , . , , . .

d Subtract line 6c from line 6b . Taxableamount - see page 27 of the instructions NONE -, , , .

e Undistributed income for 2005 Subtract line4a from line 2a Taxable amount - see page27 of the instructions NONE, , , , , , , , , , , , , ,

f Undistributed income for 2006 . Subtract

lines 4d and 5 from line 1. This amount mustbe distributed in 2007

7 Amounts treated as' distributions* out of -corpus to satisfy requirements imposed bysection 170(b)( 1)(E) or 4942( g)(3) (see page28 of the instructions ) 1 000 000. STMT 20, . .

8 Excess distributions carryover from 2001 notapplied on line 5 or line 7 (see page 28 ofthe instructions ) . . . . . . . . . . . . . . . .

9 Excess distributions carryover to 2007.

Subtract lines 7 and 8 from line 6a NON

10 Analysis of line 9:

a Excess from 2002 . . . NON

b Excess from 2003 , , , NON

c Excess from 2004 , , . NON

d Excess from 2005 , , . NON

e Excess from 2006 NONForm 990-PF (2006)

JSA

6E1480 3 000

36190J 827G 04/26/2007 10:08:44 V06-5.4 11

Form 9'90-PF 10rni. ii11 Private Oaeratinq Foundations (see aaae 28 of the instructions and Part VII-A. question 9) mr,T 2,DIDT.TrnnT z

1 a If the foundation has received a ruling or determination letter that it is a private operating

foundation , and the ruling is effective for 2006, enter the date of the ruling . . , , , . ►b Check box to indicate whether the foundation is a private operating foundation described in section 4942(j)(3) or 49420)(5)

2 a Enter the lesser of theTax year Prior 3 years

adjusted net income from ( a) 2006 (b) 2005 (c) 2004(a) Total

(d) 2003Part I or the minimuminvestment return from Part

X for each year listed . . .

b 85% of line 2a . . . . .

C Qualifying distributions from Part

XII, line 4 for each year listed .

d Amounts included in line 2c not

used directly for active conduct

of exempt activities . . . . .

e Qualifying distributions made

directly for active conduct of

exempt activities Subtract

line 2d from line 2c . . . . .

3 Complete 3a, b, or c for the

alternative test railed upon

a "Assets' alternative test- enter

(1) Vatue of a6 assets

(2) Value of assets qualifying

under section

49420X3XBX1). . .b -Endowment' alternative test-

enter 2/3 of minimum invest-

ment return shown in Part x,

line 6 for each year listed

C •Supporr alternative test - enter

(1) Total support other thangross Investment Income

(Interest dividends , rents,payments on securities

loans (section 512(ax5)),or royalties)

(2) Support from generalpublic and 5 or moreexempt organizations asprovided In section 4942

(iX3XBX11s) . . . . . .

(3) Largest amount of sup-port from an exemptorganization . . . . .

(4) Gross investment income ,

Supplementary Information (Complete this part only if the organization had $5,000 or more in assetsat any time during the year - see page 28 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 tax year (but only if they have contributed more than $5,000). (See section 507(d)(2) )

NOT APPLICABLE

b List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of theownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

NOT APPLICABLE

2 Information Regarding Contribution , Grant, Gift, Loan , Scholarship, etc., Programs:

Check here ►Q if the foundation only makes contributions to preselected charitable organizations and does not acceptunsolicited requests for funds If the foundation makes gifts, grants, etc. (see page 28 of the instructions) to individuals ororganizations 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.

SEE STATEMENT

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

SEE STATEMENT 17

c Any submission deadlines:

SEE STATEMENT 17

d Any restrictions or limitations on awards , such as by geographical areas , charitable fields , kinds of institutions , or otherfactors

SEE STATEMENT 17

EA Form 990-PF (2006)6 E1490 3 000

36190J 827G 04/26/2007 10:08:44 V06-5.4 12

Form 990-PF (2006) 25-6012303 Page 1 1

Supplementary Information (continued)

3 • G rants and Contributions Paid During the Year or Approved for Future PaymentRecipient If recipient banindividual,

show any relationship roFoundation

tus oftPurpose of grant or Amount

Name and address (home or business) orany

subbstastantntialtion manager

contributor

s arecipient

contnbullon

a Paid dunng the year

SEE STATEMENT 18 2,861,800.

..................................................Total o 3a 2 , 861 , 800.

b Approved for future paymdnt

SEE STATEMENT 18 40,000.

Total 111- 3b 40,000.

Form 990-PF (2006)

JSA

6E 1491 3 000

36190J 827G 04/26/2007 10:08:44 V06-5.4 13

Form 990-PF (2006) 25-6012303

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated . Unrelated business income Excluded b section 512 , 513, or 514 Related (o) exem t

I Program service revenue:

(a)Business code

(b)Amount

(c)Exclusion code

(d )Amount

pfunction income(See page 29 ofthe Instructions

a

b

c

d

e

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 , , , , 14 1 , 575 , 556.

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 2 , 568 , 228.

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) , , , , 4 , 143 , 784.

.13 Total . Add line 12, columns (b), (d), and (e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 4 ,143,784..

(See worksheet in line 13 instructions on page 29 to verify calc ulations.)

10ralKIT32 -4 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 tothe accomplishment of the foundation's exempt purposes (other than by providing funds for such purposes). (See

page 29 of the instructions.)

JSA

6E1492 3 000

36190J 827G 04/26/2007 10:08:44 V06-5.4

Form 990-PF (2006)

14

Form 9VO-PF (2006) 25-6012303

Information Regarding Transfers To and Transactions and Relationships With NoncharitableExempt Organizations

1 ' Did the organization directly or indirectly engage in any of the following with any other organization described in section Yes No

501(c) of the Code (other than section 501 (c)(3) organizations) or in section 527, relating to political organizations?

a Transfers from the reporting foundation to a noncharitable exempt organization of

(1) Cash a ( l ) I X

(2) Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1a 2 X

b Other transactions. -

(1) Sales of assets to a noncharitable exempt organization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1b 1 X

(2) Purchases of assets from a noncharitable exempt organization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1b 2 X

(3) Rental of facilities, equipment, or other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1b ( 3 ) X

(4) Reimbursement arrangements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1b ( 4) X

(5) Loans or loan guarantees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 b 6 X

(6) Performance of services or membership or fundraising solicitations . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 b 6 X

c Sharing of facilities, equipment, mailing lists, other assets, or paid employees . . . . . . . . . . . . . . . . . . . . . . . . 1 c

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) Name of organization ( b) Type of organization (c) Description of relationship

Under penalties of perjury, I declare that I have examined this return , including accompanying schedules and statements , and to the best of my knowledge andbelief, it is true , correct , d corn ete Declaratio o sparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge

1

Signature of officer or trusts

p i , P 't . reparer s9 p signature

a v A Firm 's name (or yours WTASD self-employed ), address ,a.

'

335 COMMERCE DRIVEand ZIP code FORT WASHINGTON , P1

JSA6E1493 3 000

361901 827G 04/26/2007 10:08:44 V06-5.4

2 a Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations described in

section 501(c ) of the Code (other than section 501 (c)(3)) or in section 527? . . . . . . . . . . . . . . . . . . . . . . . . . q Yes Ej] No

6, If "V " ..,. sere ,tie rMI-ii n -tie,I'pi.

Schedule B(Foim 990 , 990-EZ,or 990-PF)Department of the TreasuryInternal Revenue Service

Name of organization

Schedule of Contributors

Supplementary Information forline 1 of Form 990, 990-EZ, and 990-PF (see instructions)

ALLEGHENY FOUNDATION

Organization type (check one):

Filers of:

Form 990 or 990-EZ

Form 990-PF

Section:

q 501(c)( ) (enter number ) organization

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

q 527 political organization

0 501(c)( 3) exempt private foundation

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

q 501(c)(3 ) taxable private foundation

Check if your organization is covered by theGeneral Rule or a Special Rule. (Note : Only a section 501(c)(7), (8), or (10)organization can check boxes for both the General Rule and a 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 ( in money or

property ) from any one contributor . ( Complete Parts I and II )

Special Rules -

q 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)( vi), and received from any one contributor, during the year , a contribution of the

greater of $ 5,000 or 2% of the amount on line 1 of these forms ( Complete Parts I and II.)

q For a section 501(c)(7), (8), or (10) organization filing Form 990, or Form 990-EZ, that received from any one contributor,

during the year, aggregate contributions or bequests of more than $1,000 for use exclusively for religious, charitable,

scientific, literary, or educational purposes, or the prevention of cruelty to children or animals (Complete Parts I, II, and III )

q For a section 501(c)(7), ( 8), or (10) organization filing Form 990, or Form 990-EZ, that received from any one contributor,

during the year, some contributions for use exclusively for religious, charitable , etc., purposes , but these contributions did

not aggregate to more than $ 1,000. (If this box is checked , enter here the total contributions that were received during

the year for an exclusively religious , charitable , etc., purpose . Do not complete any of the Parts unless theGeneral Rule

applies to this organization because it received nonexciuslvely religious , charitable, 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 theymust check the box in the heading of their Form 990, Form 990-EZ, or on line 2 of their Form

990-PF, to certify that they do not meet the filing requirements of Schedule B (Form 990, 990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions Schedule B (Form 990 , 990. , or 990-PF) (2006)for Form 990 , Form 990-a, and Form 990-PF.

JSA

6E12512000

2©O6Employer identification number

OMB No 1545-0047

36190J 827G 04/26/2007 10:08:44 V06-5.4 17

Schedule B (Form 990,990-EZ. or 990-PF) (2006) Page of of Part

Name of organization ALLEGHENY FOUNDATION Employer Identification number

I 25-6012303

Contributors (See Specific Instructions)

(a)No.

(b)Name , address, and ZIP + 4

(c)Aggregate contributions

(d)

Ty pe of contribution

1 RICHARD M. SCAIFE Person

ONE OXFORD CTR, 301 GRANT ST, STE 3900 1,000,000.

Payroll

Noncash

PITTSBURGH, PA 15219-6402

(Complete Part II if there isa noncash contribution )

(a)No.

(b)Name , address , and ZIP + 4


(d)Type of contribution

Person

Payroll

Noncash

(Complete Part li if there isa noncash contribution )

(a)No.




Person

Payroll

Noncash

(Complete Part II if there isa noncash contribution.)

(a)No.




Person

Payroll

Noncash

(Complete Part li if there isa noncash contribution.)

(a)No.




Person

Payroll

Noncash

(Complete Part II if there isa noncash contribution.)

(a)No.

(b)Name , address, and ZIP + 4



Person

Payroll

Noncash

(Complete Part II if there isa noncash contribution )

JSA

6E1253 2 000

36190J 827G 04/26/2007 10:08:44 V06-5.4

scneauie u (rorm eau , aau , or aav-rr; lzuuo)

18

• Fem, 2 2 2 0 Underpayment of Estimated Tax by Corporations I OMB No 1545-014

Department of the Treasury► See separate instructions. ^oo^

InterAal Revenue Service ► Attach to the corporation ' s tax return.

Name Employer Identification number

ALLEGHENY FOUNDATION I 25-6012303

Note : Generally, the corporation is not required to file Form 2220 (see Part 11 below for exceptions) because the IRS will figure any penaltyowed and bill the corporation . However, the corporation may still use Form 2220 to figure the penalty. If so, enter the amount from page2, line 34 on the estimated tax penalty line of the corporation's income fax return , butdo not attach Form 2220.

ired Annual

I Total tax (see instructions) . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2 a Personal holding company tax (Schedule PH (Form 1120), line 26 ) included on line 1

b Look - back interest included on line 1 under section 460( b)(2) for completed long-term

contracts or section 167 ( g) for depreciation under the income forecast method . . . . .

c Credit for Federal tax paid on fuels (see instructions) . , , . , . . . . , . . 2c

d Total . Add lines 2a through 2c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2d

3 Subtract line 2d from line 1. If the result is less than $500, do not complete or file this form. The corporation

does not owe the penalty . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 44 , 088.

4 Enter the tax shown on the corporation ' s 2005 income tax return (see instructions ).Caution: if the tax Is zero

or the tax year was for less than 12 months, skip this line and enter the amount from line 3 on line 5 . . . . . . 4 17 , 442.

6 Required annual payment . Enter the smaller of line 3 or line 4. If the corporation is required to skip line 4,enter the amount from line 3 17 , 442.

JiM Reasons for Filing - Check the boxes below that apply. If any boxes are checked, the corporation must fileForm 2220 even if it does not owe a penalty (see instructions).

6 The corporation is using the adjusted seasonal installment method

7 X The corporation is using the annualized income installment method.

8 X The corporation is a "large corporation " figuring its first required installment based on the prior year's tax

I • .. Finurina the Underoavment

(a) (b) (c) (d)

9 Installment due dates. Enter in columns (a) through(d) the 15th day of the 4th (Form 990-PF fliers:Use 5th month), 6th, 9th , and 12th months of thecorporation's tax year s 05 / 15 / 2006 06 / 15 / 2006 09 / 15 / 2006 12 / 15 / 2006, , , , , , , , , , , , , _

10 Required Installments. If the box on line 6 and/orline 7 above is checked, enter the amounts fromSchedule A , line 38 If the box on line 8 (but not 6or 7) is checked, see instructions for the amountsto enter If none of these boxes are checked, enter25% of line 5 above in each column Special rulesapply to corporations with assets of $1 billion ormore ( see instructions) ............ 10 , 4 , 361. 5 , 784. 3 , 204. 17 , 518.

11 Estimated tax paid or credited for each period (seeinstructions ) For column (a) only, enter the amountfrom line ll on line 15 11 12 , 269. 14 , 500. 10 , 000.Complete lines 12 t raigh 18 of one column beforegoing to the next column.

12 Enter amount , if any, from line 18 of the preceding7 908 2 124 13 420column ... .. .. ........ 12 , . , . , ... . .

13 Add lines 11 and 12 ............. 13 7 , 908. 16 , 624. 23 , 420.14 Add amounts on lines 16 and 17 of the preceding column , 14

16 Subtract line 14 from line 13 If zero or less, enter -0- 15 12 , 269. 7 , 908. 16 , 624. 23 , 420.

16 If the amount on line 15 is zero, subtract line 13from line 14 Otherwise , enter -0- 16. . . .

17 Underpayment . If line 15 is less than or equal toline 10, subtract line 15 from line 10 Then go toline 12 of the next column Otherwise, go toline 18 17. . . . . . . . . . . . . . . . .

18 Overpayment If line 10 is less than line 15,

1subtract line 10 from line 15 Then go to line12 of the next column

187 , 908. 1 2 , 124. 13 , 420. 1

Go to Part IV on page 2 to Figure the penalty. Do not go to Part Nff there are no entries on line 77 - no penalty is owes.

For Paperwork Reduction Act Notice, see separate Instructions . Form 2220 (2006)JSA6X6006 2 000

36190J 827G 04/26/2007 10:08:44 V06-5.4 34

Form 2220 (2006)

Figuring the Penalty

19 Enter the date of payment or the 15th day of the 3rd monthafter the close of the tax year, whichever is earlier (seeinstructions) (Form 990-PF and Form 990-T filers: Use 5thmonth instead of 3rd month.) . . . . . . . . . . . . . . . . .

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

date shown on line 19, , , , , , , , , , , , , , , , , , , , ,21 Number of days on line 20 after 4/15/2006 and before

7/1 /2006.

22 Underpayment on line 17 x Number of days on line 21 x 7%365

23 Number of days on line 20 after 6/30/2006 and before 4/1/2007 , , , 23

24 Underpayment on line 17 x Number of days on line 23 x 8% 24

365

26 Number of days on line 20 after 3/31/2007 and before 7/1/2007. . . 25

26 Underpayment on line 17 x Number of days on line 25 x •%

365

27 Number of days on line 20 after 6/30/2007 and before 10/1/2007 , ,

28 Underpayment on line 17 x Number of days on line 27 x'% , , ,

365

29 Number of days on line 20 after 9/30/2007 and before 1 /1/2008 , , ,

30 Underpayment on line 17 x Number of days on line 29 x •% , , ,365

31 Number of days on line 20 after 12/31/2007 and before 2/16/2008 , ,

32 Underpayment on line 17 x Number of days on line 31 x '%366

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 Form 1120, line 33;

Form 1120-A, line 29; or the comparable line for other income tax returns . . . . . . . . . . . . . . . . . . . . . . . . 34

"For underpayments paid after March 31, 2007 : For lines 26, 28, 30, and 32, use the penalty interest rate for each calendarquarter, which the IRS will determine during the first month in the preceding quarter. These rates are published quarterly in an IRSNews Release and in a revenue ruling in the Internal Revenue Bulletin. To obtain this information on the Internet, access the IRSwebsite at www. irs.gov . You can also call 1-800-829-4933 to get interest rate information

Form 2220 (2006)

JSA6X8007 2 000

36190J 827G 04/26/2007 10:08:44 V06-5.4 35

I J C ►

Form 2220 (2006) Page 4

Annualized income (a) (b) (c) (d)Installment Method

First 2 First 3 First 6 First 920 Annualization periods (see instructions ). 20 months months months months

21 Enter taxable income for each annualization

period (see instructions ). 21 290 , 701. 5 0 7 2 2 3. 889 , 880. 2 , 315 ,Q 09.

22 Annualizatlon amounts (see instructions ) 22 6.00000 4.00000 2.00000 1.33333

23 Annualized taxable income Multiply line 21byline22 . 23 1 , 744 , 206. 2 , 028 , 892. 1 , 779 , 760. 3 , 086 , 671.

24 Figure the tax on the amount on line 23using the instructions for Form 1120,Schedule J, line 2 (or comparable lineof corporation 's return ). 24 17 , 442. 20 , 289. 17 , 798. 30 , 867.

25 Enter any alternative minimum tax for each

payment period (see instructions) 25

26 Enter any other taxes for each paymentperiod (see instructions). 26

27 Total tax Add lines 24 through 26 27 17 , 442. 20 , 289. 17 , 798. 30 , 867.

28 For each period , enter the same type of credits

as allowed on Form 2220 . lines 1 and 2c (see

instructions) 28

29 Total tax after credits . Subtract line 28 fromline 27 if zero or less , enter -0- 29 17 , 442. 20 , 289. 17 , 798. 30 , 867.

30 Applicable percentage . 30 25% 50% 75% 100%

31 Multiply line 29 by line 30 . 31 4 , 361. 10 , 145. 1 13 , 349. 30 , 867.FUT&M Required Installments

Note : Complete lines 32 through 38 of 1st 2nd 3rd 4thone column before completing the nextcolumn.

installment installment installment installment

32 If only Part I or Part II is completed, enterthe amount in each column from line 19or line 31 . If both parts are completed,enter the smaller of the amounts in eachcolumn from line 19 or line 31. 32 4 , 361. 10 , 145. 13 , 349. 30 , 867.

33 Add the amounts in all preceding columns

of line 38 (see instructions ). 33 4 , 361. 10 , 145. 13 , 349.34 Adjusted seasonal or annualized income

installments . Subtract line 33 from line

32. If zero or less, enter -0-. 34 4 , 361. 5 , 784. 3 , 204. 17 , 518.35 Enter 25% of line 5 on page 1 of Form

2220 in each column (Note : ( Corporationswith assets of $ 1 billion or more and "largecorporations," see the instructions for line10 for the amounts to enter ) 35 4 , 361. 17 , 683. 11 , 022. 11 , 022.

36 Subtract line 38 of the preceding column

from line 37 of the preceding column 36 11 , 899. 19 , 717.

37 Add lines 35 and 36. 37 4 , 361. 17 , 683. 22 , 921. 30 , 739.

38 Required installments. Enter the smaller of

line 34 or line 37 here and on page 1 of

Form 2220 , line 10 (see instructions ). 38 4 , 361. 5 , 784. 3 , 204. 17 , 518.

Form 2220 (2006)

JSA

6X8009 2 000

36190J 827G 04/26/2007 10:08:44 V06-5.4 36


Schedule of GrantsAs of and for the Year Ended December 31, 2006

Payable, January 1 to December 31, 2006 Payable,1 2131/05 PJ 12/31L08

Action for Animals, Inc.,Latrobe, PennsylvaniaCapital support $ 10,000 $ - $ 10,000 $ -

Allegheny Institute for Public Pofwy,Pittsburgh , PennsylvaniaGeneral support 25,000

American Legislative Exchange Council,Washington, D.C."Report Card on American Education' 20,000

The Animal Rescue League of WesternPennsylvania, Inc.,Pittsburgh , PennsylvaniaGeneral and program support - 25,000

Auberle,McKeesport, Pennsylvania-Educational and vocational programming

Bach Choir of Pittsburgh, Inc.,Pittsburgh , PennsylvaniaGeneral operating support

Bay Area Electric Raitway Association,Suisun , CaliforniaProject support 50,000.

Bill of Rights Institute,Arlington, VirginiaProgram support 25,000

Boy Scouts of America,Greater Pittsburgh Council,Pittsburgh, PennsylvaniaOperating support

Boy Scouts of America, Westmoreland -Fayette Council, Inc..Greensburg , PennsylvaniaProject support

100,000 125,000 -

45,000 65,000

25,000

24,000 24,000 -

10,000 10,000 -

- 50,000 -

30,000 25,000 30,000

25,000 25,000 -

50,000 50,000 -

STATEMENT 18



Payable, January 1 to December 31, 2008 Payable,12/31/05 BQP 1/06

Boys & Girls Clubs of WesternPennsylvania,Pittsburgh, PennsylvaniaSummer program

Brownsville Area RevitalizationCorporation,Brownsville, PennsylvaniaProject and capital support

Andrew Carnegie Free Library,Carnegie , PennsylvaniaCapital campaign

Carnegie Library of Homestead,Munhall, PennsylvaniaCapital support

Carnegie Library of McKeesport,McKeesport, PennsylvaniaProject support

Children Requiring a Caring Kommunity,Harrisburg, North CarolinaGeneral support

Cleveland Police Historical Society, Inc.,Cleveland, Ohio 'Production supportProject support

Commonwealth Education Organization,Pittsburgh, PennsylvaniaGeneral support

Crossroads Foundation,Pittsburgh, PennsylvaniaProgram supportEndowment support

Dunbar Historical Society,Dunbar, PennsylvaniaProject support

$ 40,000 $ 40,000 $ 80,000 $ -

15,000 30,000 45,000 -

- 50,000 50,000 -

- 30,000 30,000 -

- 25,000 25,000 -

50,000 50,000 100,000 -

- 10,000 10,000 -- 32,800 32,800 -

25,000 - 25,000 -

50,000. - 50,000 -- 100,000 100,000 -

- 25,000 25,000 -

STATEMENT 18



Payable, January 1 to December 31, 2006 Payable,12/3 App ovve-d Phi 12/31/

The Extra Mile Education Foundation, Inc.,Pittsburgh, PennsylvaniaOperation support $ 25,000 $ 100,000 $ 125,000 $

The Frick Art & Historical Center, Inc.,Pittsburgh, PennsylvaniaProgram support - 35,000 35,000Exhibition support 40,000 40,000

The Glen Montessori School,Emsworth, PennsylvaniaProgram support - 10,000 10,000

Goodwill Industries of Pittsburgh,Pittsburgh, PennsylvaniaGeneral support - 25,000 25,000

Greater Pittsburgh Community Food Bank,.Duquesne, PennsylvaniaGeneral support - 50,000. 50,000

Grow Pittsburgh,Pittsburgh, PennsylvaniaProject support - 25,000 25,000

David Horowitz Freedom Center,Los Angeles, CaliforniaProject support - 150,000 150,000

Historical Society of Carnegie,Pennsylvania,Carnegie, PennsylvaniaCapital support 15,000 - . 16,000

Imani Christian Academy,Pittsburgh, PennsylvaniaGeneral support - 30,000 30,000Operating support - 95,000 95,000

Ligonier Township Volunteer FireCompany No.1,Ligonier, PennsylvaniaGeneral support - 25,000 25,000

STATEMENT 18

ALLEGHENY 'FOUNDATION


Payable, January 1 to December 31, 2006 Payable,1 2/3 1/05 my 12/3

Ligonier Valley Rail Road Association,Ligonier, PennsylvaniaProject support $ - $ 25,000 $ 25,000 $ -

Lincoln Institute of Public OpinionResearch, Inc.,Harrisburg, Pennsylvania.General support

Loyalhanna Watershed Association,Ligonier, PennsylvaniaEndowment

The Maldon Institute,Washington, D.C.General operating support

Manchester Bidwell Corporation,Pittsburgh, PennsylvaniaProgram support

Manchester Bidwell Corporation,(Bidwell Training Center. Inc.)Pittsburgh, PennsylvaniaProgram support

McKeesport Heritage Center,McKeesport, PennsylvaniaGeneral support

Mountain Watershed Association,Meicroft, PennsylvaniaGeneral operating and project support

John P. Murtha Institute for HomelandSecurity,(Indiana University of Pennsylvania)Indiana, PennsylvaniaProgram support

National Law Enforcement OfficersMemorial Fund,Washington, D.C.Program support

50,000 50,000 100,000

- 50,000 _ 50,000

- 25,000 25,000

- 50,000 50,000

25,000 - 25,000

- 5,000 5,000

- 10,000 10,000

- 100,000 100,000

- 25,000 25,000

STATEMENT 18



Payable, January 1 to December 31, 2006 Payable,12/31 105 AAporooved Mf 1213101

The Neighborhood Academy,Pittsburgh , PennsylvaniaGeneral support $ - $ 10,000 $ 10,000 $

Northside Leadership Conference,Pittsburgh, PennsylvaniaProject support - 10,000 10,000

Pennsylvania Right to Work Defense andEducation Foundation, Inc.,Harrisburg, PennsylvaniaGeneral support - 25,000

Philanthropy Roundtable,Washington, D.C.General support 10,000 10,000

Pittsburgh History and LandmarksFoundation,Pittsburgh, PennsylvaniaProgram support 10,000

The Pittsburgh Project,Pittsburgh, PennsylvaniaGeneral support 10,000

River City Brass Band,Pittsburgh, PennsylvaniaGeneral support - 100,000

Rosedale Block Cluster, Inc.,Pittsburgh, PennsylvaniaGeneral support - 40,000

Saint Vincent Archabbey,Latrobe, Pennsylvania.Capital support 25,000

Salvation Army,Western Pennsylvania Division,Pittsburgh, PennsylvaniaProgram support - 25,000

25,000

'20,000

10,000

10,000

100,000

40,000

25,000

25,000 -

STATEMENT 18



Payable, , January 1 to December 31, 2006 Payable,1 1 5 AAPproved E^ 1 2/31/06

Tutwiler Community EducationCenter, Inc.,-Tutwiler, MississippiProgram support $ - $ 10 ,000 $ 10,000 $ -

U.S.S. Constitution MuseumFoundation,-Ina,Boston, MassachusettsGeneral support

The Union Project,Pittsburgh, PennsylvaniaOperating supportCapital support

Vandergrift Improvement Program, Inc.,Vandergrif, PennsylvaniaRevolving Fund

Westmoreland County Food Bank,Delmont, PennsylvaniaOperating support

Westmoreland Museum of Art,Greensburg, PennsylvaniaVisionary FundGeneral operating support

Woodlawn Foundation,Mount Vernon, VirginiaProgram support

Total Grants

- 5,000 5,000 -

25,000 - _ 25,000 -20,000 20,000

- 300,000 300,000 -

- 20,000 ,20,000 -

150,000 - 150,000 -- 35,000 35,000 -

10.000 10.000

$ 690.000 $ 2.211.800 ' S 2.861 .800 S 40y00

STATEMENT 18


FEDERAL FOOTNOTES

EXPENSE ALLOCATION

25-6012303

COMPENSATION OF OFFICERS, TRUSTEES, AND OTHER EMPLOYEES AS WELL AS

THE RELATED EMPLOYEE BENEFITS ARE ALLOCATED BASED ON TIME SPENT IN

CARRYING OUT THE FOUNDATION'S EXEMPT PURPOSE VERSUS TIME SPENT IN THE

PRODUCTION OF INCOME. PROFESSIONAL FEES ARE ALLOCATED BASED ON

SERVICES PERFORMED FOR THE FOUNDATION. DEPRECIATION IS TAKEN ON

PROPERTY USED IN PRODUCING INCOME. THE REMAINING EXPENSES ARE

CLASSIFIED BASED ON THE SALARY ALLOCATION DESCRIBED ABOVE.

STATEMENT 1d

36190J 827G 04/19/2007 17:38:38 V06-5.4 42

ALLEGHENY FOUNDATIONForm 990-PFEIN: 25-6012303

STATEMENT 20

YEAR ENDED : 12/31/2006

Qualifying Distribution Election

Pursuant to authority contained in Internal Revenue Code Section 4942(g)(3) andRegulations Section 53.4942(a)-3(d)(2), Allegheny Foundation hereby elects to have$1,000,000 of its 2006 qualifying distributions treated as distributions out of corpus.Attached to this election is a statement of grants and qualifying distributions.

In accordance with Regulations Section 53.4942(a)-3(d)(2), this election is filed as anattachment to the 2005 Form 990-PF of Allegheny Foundation.

The person making this declaration is a foundation manager with the meaning of Section4946(b)(1) of the Internal Revenue Code.

\, J ) rlnMr. Matth Gro , Executive Director


Form 990-PF

EIN: 25-6012303

STATEMENT 21

YEAR ENDED : 12/31/2006

The Foundation has made the following distributions during 2006 and 2007 so that all gifts

received during 2006 and all distributable amounts were paid by March 15, 2007

Distributable amount for calendar year 2005Prior Year Underdistribution of GiftsGifts Received during 2005

2,344,450

1,000,000

Amount to be distributed

Distributions during 2005Less: amount paid by March 15, 2005

and elected to be treated as a2004 distribution

Amount paid by March 15, 2006 andelected to be treated as a calendar2005 distribution

3,344,450

3,245,143(898, 781)

998,088 STATEMENT 22

Distributions for 2005 3,344,450

ALLEGHENY FOUNDATIONForm 990-PFEIN: 25-6012303

STATEMENT 22

YEAR ENDED : 12/31/2006

Grants Paid January 1 - March 15, 2007

Date Paid Grantee Amount Paid

01/19/2007 The Glen Montessori School02/08/2007 Bill of Rights Institute03/13/2007 Carnegie Library of McKeesport03/13/2007 Children Requiring a Caring Kommunity (CRACK)

David Horowitz Freedom Center03/13/2007 (formerly Center for the Study of Popular Culture)03/13/2007 Extra Mile Education Foundation03/13/2007 Greater Pittsburgh Community Food Bank03/13/2007 The Heritage Foundation03/13/2007 Imani Christian Academy03/13/2007 Ligonier Valley Rail Road Association03/13/2007 Pennsylvania Trolley Association, Inc.03/13/2007 Westmoreland Community Food Bank

TOTAL

$ 10,00030,00025,00050,000

100,000250,00050,000

100,000250,000100,00050,00050,000

$ 1,065,000

***The taxpayer elects to apply $998,088 of the above $1,065,000 distribution to 2006 tosatisfy the conduit election. (See Statement 21)

ALLEGHENY FOUNDATION 25-6012303

FORM 990PF, PART I - CONTRIBUTIONS, GIFTS AND GRANTS RECEIVED

NAME AND ADDRESS DATE

RICHARD M. SCAIFE 04/12/2006ONE OXFORD CTR, 301 GRANT ST, STE 3900


TOTAL CONTRIBUTION AMOUNTS

DIRECT

PUBLIC

SUPPORT

1,000,000.

------------

1,000,000.

36190J 827G 04/26/2007 10:08:44 V06-5.4 19 STATEMENT 1


FORM 990PF, PART I - DIVIDENDS AND INTEREST FROM SECURITIES

DESCRIPTION

DIVIDEND INCOMEINTEREST INCOME

TOTAL

25-6012303

REVENUEAND

EXPENSESPER BOOKS

1, 536, 337.39,219.

--------------

1,575,556.--------------

NETINVESTMENT

INCOME

1,536,337.39,219.

--------------

1,575,556.

ADJUSTEDNETINCOME

NONENONE

--------------NONE

3'6190J 827G 04/26/2007 10:08:44 V06-5.4 20 - STATEMENT 2


FORM 990PF, PART I - LEGAL FEES--------------------------------------------------------------

DESCRIPTION

LEGAL FEES

TOTALS

25-6012303

REVENUEAND NET ADJUSTED

EXPENSES INVESTMENT NET CHARITABLEPER BOOKS INCOME INCOME PURPOSES--------- ------ ------ --------

530. NONE NONE 530.-------------- -------------- -------------- --------------

530. NONE NONE 530.-------------- -------------- -------------- ----------------------------- -------------- -------------- --------------

36190J 827G 04/26/2007 10:C`8:44 V06-5.4 " 2'1 STATEMENT 3


FORM 990PF, PART I - ACCOUNTING FEES

DESCRIPTION

AUDIT, COMPILATION AND TAX

TOTALS

25-6012303


EXPENSES INVESTMENT NET CHARITABLEPER BOOKS INCOME INCOME PURPOSES--------- ------ ------ --------

33, 888. 16,944. NONE 16,944.-------------- -------------- -------------- --------------

33,888. 16,944. NONE 16,944.

36190J 827G 04/26 /2007 10:08:44 V06-5.4 22 STATEMENT 4


FORM 990PF, PART I - OTHER PROFESSIONAL FEES


EXPENSES INVESTMENT NET CHARITABLEDESCRIPTION PER BOOKS INCOME INCOME PURPOSES----------- --------- ------ ------ --------

FISCAL AGENTS 49,430. 49,430. NONE NONE-------------- -------------- -------------- --------------

TOTALS 49,430. 49,430. NONE NONE

36190J 827G 04/26/2007 10:0044 V06-5.4 23 -- STATEMENT 5


FORM 990PF, PART I - TAXES

DESCRIPTION

PAYROLL TAXESFEDERAL EXCISE TAX

TOTALS

25-6012303


EXPENSES INVESTMENT NET CHARITABLEPER BOOKS---------

INCOME------

INCOME------

PURPOSES--------

15,271. 1,120. NONE 14,151.24,500.

--------------NONE

--------------NONE NONE

39,771. 1,120---------------

NONE

--------------

14,151.

36190J 827G 04/26/2007 10:08:44 V06-5.4 24 STATEMENT 6

ALLEGHENY FOUNDATIONEIN: 25-6012303YEAR ENDED: 12/31/2006

FORM 990-PF

PART I, LINE 19- DEPRECIATIONPART II, LINE 14- LAND, BUILDINGS, AND EQUIPMENTPART II, LINE 14- ACCUMULATED DEPRECIATION

STATEMENT 7A

DESPCRIPTION AMOUNT

=URNITURE AND EQUIPMENT 124,904_EASEHOLD IMPROVEMENTS 64,575SUBTOTAL FIXED ASSETS 189,479

_ESS: ACCUMULATED DEPRECIATION (179,090)NET FIXED ASSETS 10,389

)EPRECIATION AND AMORTIZATION EXPENSE FOR 12/31/06 WAS $10,219.

STATEMENT 7A


FORM 990PF, PART I - OTHER EXPENSES

DESCRIPTION

INSURANCE

OFFICE EXPENSES

SECURITY

TELEPHONE

DUES AND SUBSCRIPTIONS

COMPUTER MAINTENANCE

OFFICE TEMP

TOTALS

25-6012303


EXPENSES INVESTMENT NET CHARITABLEPER BOOKS---------

INCOME------

INCOME------

PURPOSES--------

4,722. 346. NONE 4,376.

6,983- 535. NONE 6,448.

18,120. 1,328. NONE 16,792.

1,570. 115. NONE 1,455.

2,331. NONE NONE 2,331.

1,700. NONE NONE 1,700.

5,016.--------------

368.---------- ---

NONE--------------

4,648.-

40,442.-

2,692. NONE--------------

37,750.

36190J 827G 04/26/2007 10:08:44 V06-5.4 25 STATEMENT 7


FORM 990PF, PART I - CONTRIBUTIONS, GIFTS, GRANTS PAID

RELATIONSHIP TO SUBSTANTIAL CONTRIBUTOR

AND

RECIPIENT NAME AND ADDRESS FOUNDATION STATUS OF RECIPIENT

GRANTS PAID

SEE STATEMENT 18

GRANTS ACCRUED

SEE STATEMENT 18

25-6012303

PURPOSE OF GRANT OR CONTRIBUTION AMOUNT

-------------------------------- ------

2,861,800.

------------

TOTAL CONTRIBUTIONS PAID 2,861,800.

40,000.

TOTAL APPROVED CONTRIBUTIONS ACCRUED 40,000.

36190J 827G 04/26/2007 10: 08:44 V06-5.4 2 6 STATEMENT 8


FORM 990PF, PART II - PREPAID EXPENSES AND DEFERRED CHARGES

BEGINNING ENDING ENDINGDESCRIPTION BOOK VALUE BOOK VALUE FMV----------- ---------- ---------- ---

PREPAID INSURANCE 2,042. 2,053. 2,053.--------------- --------------- ---------------

TOTALS 2,042. 2,053. 2,053.

1 Z

36190J 827G 04/26/2007 10:08:44 V06-5.4 27 STATEMENT 9


FORM 990PF, PART II - CORPORATE STOCK

DESCRIPTION

SEE STATEMENT 16

BEGINNINGBOOK VALUE

13,188,848.---------------

TOTALS 13,188,848.---------------

36190) 827G 04/26/2007 10:08:44 V06-5.4

25-6012303

ENDING ENDINGBOOK VALUE FMV

---

12,594,237. 49, 249, 080.--------------- ---------------

12,594,237. 49, 249, 080.

'28 STATEMENT 10


FORM 990PF, PART II - OTHER INVESTMENTS

BEGINNINGDESCRIPTION BOOK VALUE----------- ----------

MUTUAL FUNDS NONESEE STATEMENT 16

TOTALS NONE---------------

25-6012303

ENDINGBOOK VALUE----------

2,325,548.

---------------

2,325,548.---------------

ENDINGFMV

2,325,548.

---------------

2,325,548.

36190J 8"27G'04/26/2007 10:08:44 V06-5.4 29 STATEMENT 11


FORM 990PF, PART VIII - LIST OF OFFICERS, DIRECTORS, AND TRUSTEES

CONTRIBUTIONS EXPENSE ACCTTITLE AND TIME TO EMPLOYEE AND OTHER

NAME AND ADDRESS----------------

DEVOTED TO POSITION-------------------

COMPENSATION

------------

BENEFIT PLANS

-------------

ALLOWANCES

----------

RICHARD M. SCAIFE CHAIRMAN & TRUSTEE 1,500. NONE NONEONE OXFORD CENTRE 1.00301 GRANT STREET, SUITE 3900


JOANNE B. BEYER TRUSTEE 1,500. NONE NONEONE OXFORD CENTRE 1.00

301 GRANT STREET, SUITE 3900


RALPH H. GOETTLER TRUSTEE 1,500. NONE NONEONE OXFORD CENTRE 1.00



MATTHEW A. GROLL EXECUTIVE DIRECTOR 58,400. 12,500. NONE

ONE OXFORD CENTRE 25.00



DORIS O'DONNELL TRUSTEE 1,500. NONE NONE




JANE ROESCH TRUSTEE 1,500. NONE NONE




ARTHUR P. ZIEGLER, JR. TRUSTEE 1,500. NONE NONE

1.00

36190J 827G 04/26/2007 10:08:44 V06-5.4 3(;TATEMENT 12


FORM 990PF, PART VIII - LIST OF OFFICERS, DIRECTORS, AND TRUSTEES

NAME AND ADDRESS

ONE OXFORD CENTRE



GEORGE A. WEYMOUTH

ONE OXFORD CENTRE



CONTRIBUTIONS EXPENSE ACCT

TITLE AND TIME TO EMPLOYEE AND OTHER

DEVOTED TO POSITION COMPENSATION BENEFIT PLANS ALLOWANCES

------------------- ------------ ------------- -------•---

TRUSTEE

1.00

NONE NONE NONE

GRAND TOTALS

-------------- -------------- --------------

67,400. 12 ,500. NONE

36190J 827G 04/26/2007 10:08:44 V06-5.4 33STATEMENT 13

,ALLEGHENY FOUNDATION 25-6012303

990PF, PART VIII- COMPENSATION OF THE FIVE HIGHEST PAID PROFESSIONALS

NAME AND ADDRESS TYPE OF SERVICE COMPENSATION---------------- --------------- ------------

OXFORD DEVELOPMENT COMPANY FACILITY RENTAL301 GRANT STREET, ONE OXFORD CENTREPITTSBURGH, PA 15219

TOTAL COMPENSATION

57,811.

------------

57,811.

STATEMENT 14

36190J 827G V06-5.4 32

ALLEGHENY FOUNDATIONSchedule of Gains (Losses) for Tax on Investments Income

Twelve Months Ended December 31, 2006

(a) (b) (c) (d) (e) (f) (h)

How Cost oracquired other basis

P- Purchase Date Date sold/ Gross and expenseD- donated acquired matured sale Drice of sale

P 3/13/79 1/31/06 288,726 12,085P 3/31179D 4/25/78D 4/26/78D 4/27/78D 4/28/78D 5/31/78

(I) G) (k) (I) (m)Fair Losses from

Gain market value column (j)(loss) as of Excess and gains

(f) December 31, Adjusted of (I) (excess (I)less h 1969 cost basis over k over

276.641 N/A N/A N/A 276,641

Kind ofproperty Description

Security ACCO Brands Corp

Security General Electric Company

Security Medcohealth Solutions

Security Pfizer Incorporated

Security Zimmer Holdings, Inc.

Security Fifth Third Bankcorp

Security Hospira

Security Meadwestvaco Corp

Security AIMa Group. Inc

to

m9Mz

w

P 03/28/00 1/31/06 338,244 486,676 (148,432) N/A N/A N/A (148,432)P 05/08/00P 03/10/03

D 10/19/87 1/31/06 65,522 4,979 60, 543 N/A N/A N/A 60,543

P 10/16/01 1/31/06 256,254 407,900 (151,646) N/A N/A N/A (151,646)

D 12/12/80 1/31 /06 83 ,088 5,073 78,015 N/A N/A N/A 78,015D 08113/84

bal 2/28/06 1.031 ,834 916,713 115, 121 N/A N/A N/A 115,121

P 01/29/04 10/18/06 117,611 174,420 (56,809) N/A N/A N/A (56,809)

P 06/10/92 10/18/06 98,707 23,343 75,364 N/A N/A N/A 75,364

P 08/23/06 10/18/06 1344 048 211 ,414 1,132,634 N/A N/A N/A 1,132,634

bal 10/31/06 2 ,592,200 1 ,325,890 1,266,310 N/A N/A N/A 1,266,310

D 01/30/78 11/22/06 1 ,685,197 24,024 1,661 ,173 N/A N/A N/A 1,661,173

bal 11 /30/06 4,277,397 1,349,914 2,927,483 N/A N/A N/A 2,927,483


Schedule of InvestmentsDecember 31, 2006

Shares or Par

Investments Value Cost Market Value

Money Markets:Fifth Third Bank Money Market 52,240 52,240 52,240Charles Schwab Money Market 39,099 39,098 39,098

TOTAL SAVINGS & TEMPORARY CASH INVESTMENTS 91,338 91,338

Schwab Value Advantage 2,325,548 2,325,548 2,325,548

TOTAL OTHER INVESTMENT

Common Stocks:Abbott Laboratories, Inc.Allergan, Inc.Altria Group, Inc.BP P.L.C.Bank of America CorpBrown Forman Corp.Chevron Corp.Citigroup, Inc.Coca-Cola Co.Dominion Resources, Inc.

Dow Chemical CorporationDuke Energy CorporationDuPont E.I. DeNemoure Co.

Exxon Mobil Corp.FPL Group, Inc.Fortune Brands Inc.General Mills, Inc.GlaxoSmithKline ADRHershey Foods Corp.International Business Machines Corp.

JP Morgan Chase & Co.National City Corp.Progress Energy, Inc.Wells Fargo & Co. NewWyeth

2,325,548 2,325,548

25,000 325,81110,000 75,828

157,100 2,485,911100,572 763,64922,500 1,012,28522,000 767,6504,000 186,5207,000 350,173

20,000 332,6933,400 97,627

14,000 560,15068,000 810,06812,000 554,41014,700 618,01750,000 862,88150,500 792,08220,000 49,79044,000 144,19520,000 195,31216,000 436,9035,000 195,6406,000 206,516

20,000 375,7068,000 231,700

53,000 162,720

1,217,7501,197,400

13,482,3226,748,3811,201,2751,457,280294,120389,900965,000285,056558,600

2,258,280584,520

1,126,4612,721,0004,312,1951,152,0002,321,440996,000

1,554,400241,500219,360981,600284,480

2,698,760

TOTAL CORPORATE STOCK 12,594,237 49,249,080

STATEMENT 16

ALLEGHENY FOUNDATIONForm 990-PFEIN: 25-6012303YEAR ENDED: 12/31/2006

Information Reaardin4 Grant and Loan Program

The Allegheny Foundation concentrates its giving in the Western Pennsylvania area and confines most of its grantawards to the programs for historic preservation, civic development , education , youth development, and animalwelfare . The Foundation does not make grants to individuals.

Initial inquiries to the Foundation should be in letter form signed by the Organization's President, or authorizedrepresentative, and have the approval of the Organization's Board of Directors. The letter should include aconcise description of the specific program for which funds are requested. Additional information must includea budget for the program and for the organization, the latest audited financial statement and annual report.A copy of the Organization's current ruling letter evidencing tax exemption under Section 501(c )(3) and 509(a)of the Internal Revenue Code Is required. Additional information may be requested, if needed, for furtherevaluation.

The Foundation normally considers grants at an annual meeting held in December. However, requests may besubmitted at any time and will be acted upon as expeditiously as possible.

Grant applications should be addressed to:

Mr. Matthew A. GrollExecutive Director

Allegheny Foundation301 Grant StreetOne Oxford Centre

Suite 3900Pittsburgh, Pennsylvania 15219-6401

STATEMENT 17


FEDERAL FOOTNOTES

GRANTS PAID

ALL OF THE GRANTEES SHOWN ON THE ATTACHED STATEMENT OFGRANTS ARE EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) ANDHAVE THE STATUS OF PUBLIC CHARITIES WITHIN THE MEANING OF INTERNALREVENUE CODE SECTION 509(A)(1), (2), OR (3).

STATEMENT rQ36190J 827G 04/19/2007 07:55:44 V06-5.4 39

9oos - conservative...

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