sarah scaife foundation 251113452 2007 043c4ee2searchable
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Sarah Scaife Foundation 2007 990 tax forms (searchable PDF)TRANSCRIPT
' Form990~PF Return of Private Foundation or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
OMS No 1545-0052
Department at the Treasur, Internal Reven\J'IJ Service Note: The foundation ma be able to use a co of this return to sat,s state re ortm re uirements. ~@07 For calendar year 2 00 7, or tax vear Jamnma , , an en mg be . 2007 d d"
G Check all that aoolv: I I Initial return I Final return I I Amended return I I Address change I I Name change Name of foundation A Employer Identification number
Use the IRS label. SARAH SCAIFE FOUNDATION INCORPORATED 25-1113452
8'therwlse, Number and street (or P.O. box number if mail 1s not dehvered to street address) Room/suite B Telephone nun'ber f•eo page 10 of a. ntn.,dmra)
~ print 301 GRANT STREET
..- or type. ONE OXFORD CENTRE SUITE 3900 c::jee Specific City or town, state. and ZIP code J,structlons.
::::, <(
PITTSBURGH- PA 15219
'~heck type of organization: lxJ Section 501(cM exempt private foundation
11 Section 4947laH1) nonexemot charitable trust Other taxable orivate foundation
% -air market value of all assets at end J Accounting method:Llg Cash [] Accrual
D Other (specify)------------------~ it year (from Part II, col (c), /me dJti16)IIJ,. $ 312.596.952. (Pait/, column (d) must be on cash basis) . Analysis of Revenue and Expenses (The
total of amounts ,n columns (b). (c), and (d) (a) Revenue and (b) Net investment may not necessanly equal the amounts in expenses per income column (s) (see page 11 of the instruct,ons).) books
1 Contrlbutlon~s. grants, etc , receMld (attach schedule) •
2 C IIJ,. X rf the foundation rs not required to
heck attach Sch B
3 Interest on savrngs and temporaiy cash investments
4 Dividends and interest from securities 8 111. 440. 8.111.440.
5a Gross rents • • • • • • • • • • • • • . • • •
b Net rental income or (loss)
GI 6 a Net gain or (loss) from sale of assets not on hne 10 19.773.773. :::, b Gross sales pnce for all 56,763,135. c GI assets on line 6a > 7 Capital gain net income (from Part IV, hne 2) • STMT 211 19.773-773. GI 0::
8 Net short-term capital gain
9 Income mod1f1cat1ons · • • · · • • • .... 1 O a Gross sales less returns j
and allowances • • • • • b Less Cost of goods sold • I c Gross profit or (loss) (attach schedule)
11 Other income (attach schedule) ••• 1-916 212. 1.916.212. - .throuah 1 • . . • 29. 801. 425. 29.801 425 •
13 ~ n.r- t ""{, t:.~- u; prs, trustees, etc 585-053. 94-635.
14 - Other employee salane: wages • • • • 343.886. 20.590. Ill « Pi~txar·m!YE ~nefits •.••• GI 268-435. 28-159. Ill c
111'1 L I e (a~a s 1ecui ... ~T~'.1'. ~ • 4 913. NONE GI Q.
~ . 1> ~G~~r sch~ule~T~:r. 1 . 57-878. 28-939. GI c s a ( atta h sctS!Bllil) . 5 . 536.218. 280-218. > ;
17 Interest. ca .................. .. .. 18 Taxes (attach schedu.le) (see page 14 of the lnstruc11ons't' 359. 491. 5-401. Ill
] 19 Depreciation (attach schedule) and depletion. 32-845. NONE
20 Occupancy •••••••••••• 221. 007. 23-184.
21 Travel, conferences, and meetings . . • • • 53-480. NONE
22 Printing and publications .......... 23 Other expenses (attach schedule) STJ'1l'. 1 122.463. 6 720.
.. 24 Total operating and administrative expenses.
Add lines 13 through 23 .......... 2-585 669. 487 846.
25 Contributions, gifts, grants paid • STMl'. E3 • 18.228.500.
26 Total emenaes and disbursements. Add Imes 24 and 25 20.814.169. 487.846.
27 Subtract line 26 from hne 12·
a Exceu of revenue over expenses and dlabursementa . • 8 987.256.
b Net Investment Income (1f negative, enter -0-) 29.313-579.
c Adlusted net Income {if neaative, enter -0-) ••
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the Instructions. **STMT 6 JSA 7E1410 4 000
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.( 412 l 392-2900 c If exemption application ,s
:[] pending, chedc he,e • • • • • • D 1. Foreign organizations, check he,e
2. Foreign orgmilzallons meeting the 85% test. check he,e and attach ..... o computallon ........
E If private foundation status was tamunated D under sect,on 507(b)(1){AJ. check h8R1 • IIJ,.
F If Iha foundation la In a SO-month tenn,nallon n under aect,on 507(b)(1)(B). check he,e • IIJ,.
(d) Disbursements (c) AdJusted net for charitable
income purposes leash basis onM
STMT 1
NONE STMT 2
NONE
NONE 490 418.
NONE 323.296.
NONE 240.276.
NONE 4 913.
NONE 28 939.
NONE 256.000.
NONE 46.090.
NONE
NONE 197.823.
NONE 53.480.
NONE 115.743.
NONE 1 756.978.
17.113.000.
NONE 18.869.978.
NONE
Form 990-PF {2007) - 13452 Pace2 ( ' 25 11
1:1:Tilll Balance Sheets Attached schedules and amounts in the Beginning of year End of year descnpt1on column should be for end-of-year amounts only (See rnstruct/ons ) (a) Book Value (b) Book Value (c) Fair Market Value
1 Cash - non-interest-bearing . • • • . . • • .... 33 880. 32.748. 32.748 2 Savings and temporary cash investments . • • . • • • .... 7.393-269. 8.759.048. 8.759 048. 3 Accounts receivable .... ___________________ NONE
Less· allowance for doubtful accounts..,.. _________ NONE NONl NONE NON E 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 al the rnstructJons)
7 Other notes and loans receivable (attach schedule) .... _____
Less: allowance for doubtful accounts ..,.. -------------II) 8 lnventones for sale or use ..................
,oJ CD 9 Prepaid expenses and deferred charges .••.• ~T~'l: .9 •• 6-735. 6-840. 6.840. II)
~ 1 0 a Investments - U S and state government obligations (attach schedule)* '!' 50 470.075. 50.470.075. 51.544.930. b Investments - corporate stock (attach schedule) • ;:i'J'~'l: .l;t. 131.839.106. 141-184-334. 236.103.598.
c Investments - corporate bonds (attach schedule). ~'J'~'l: .1;!. 5.040.129. 3.962.966. 3.924 240. 11 Investments - land, buildings, .... and equipment basis ------------------Less accumulated depreciation ....
(attach schedule) ---------- - --------12 Investments - mortgage loans ................ 13 Investments - other (attach schedule) •••••• ~1~'1: .1;3. 5.542.904. 6.045.144. 12.221 116. 14 Land, bu~dings. and .... STMT 19 825 051. equipment ba&IS ________ -----.L-- __
Less accumulated depreaat1on .... 8 2 0 619 36.733. 4-432. 4.432. (attach schedule) - - - - - - - - - - - - - - - L- - - .e. 15 Other assets (describe
.... _____________________ )
16 Total aS&ets (to be completed by all filers - see the instructions. Also, see page 1, item I) •• 200 362- 831. 210 465-587. 312.596.952.
17 Accounts payable and accrued expenses .
18 Grants payable .............. 3.326-500. 4 442-000.
:l 19 Deferred revenue ............. ~ 20 Loans from officers, directors, trustees, and other d1squaldied persons
:g 21 Mortgages and other notes payable (attach schedule) • • • . ::J 22 Other habiht1es (describe ..,.. _________ ---------- )
23 Total llabllitles (add lines 17 through 22) ••••••••••• 3.326.500. 4.442.000.
Foundations that follow SFAS 117, check here .... w and complete lines 24 through 26 and lines 30 and 31.
II) 197 036. 331. 206-023-587. B 24 Unrestricted . • ••.• ..
c 25 Temporarily restricted C'II .................... ;§ 26 Permanently restricted • • • • • • • • • • • • • . . • .... "Cl Foundations that do not follow SFAS 117, c .... o :::1 check here and complete lines 27 through 31. u.. 0 27 Capital stock, trust principal, or current funds • • • . • . . . J!l 28 Paid-m or capital surplus, or land, bldg , and equipment fund GI ... :l 29 Retained eammgs, accumulated income, endowment, or other funds • c(
30 Total net assets or fund balances (see page 17 of the -GI instructions) • . • • • • • • • • • • • • • • • • • • • • • • 197.036 331. 206.023.587. z
31 Total llabllltles and net assets/fund balances (see page 17
of the instructions) • • • . • • • • • • • • • • • • . • • . • 200.362 831. 210-465.587 •
•• ... ~•11• Analysis of Chanaes in Net Assets or Fund Balances 1 Total net assets or fund balances at beginning of year - Part II, column (a), hne 30 (must agree with
end-of-year figure reported on prior year's return) •••. . . . . . . . . . . . . . . . . ... 1 197.036.331 • 2 Enter amount from Part I, line 27a . . . . . . . 2 8.987.256 • . . . . . . . . . . . . . . . . . . . . . ... 3 Other increases not included 1n line 2 (Itemize) ..,.. 3 -------------------------------------4 Add hnes 1, 2, and 3 .............................. ' ............... 4 206 023.587. 5 Decreases not included rn hne 2 (Itemize)..,.. 5 ----------------------------------------6 Total net assets or fund balances at end of year (line 4 minus lrne 5) - Part II, column (b), line 30 ..... 6 206,023.587.
JSA **STMT 10 Form 990-PF (2007) 7E1420 2 000
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' t Form 990-PF (2007) ?5-111345? Page3
•:.... ...... - Caoital Gains and Losses for Tax on Investment Income . (a) List and describe the kind(s) of property sold (e.g . real estate,
\U)HOW (c) Dale /id) Date sold I acqull8d acquired P-1'\nhase mo., day, yr.) 2-story brick warehouse: or common stock, 200 shs. MLC Co) 0-Danat,on (mo .. <lay, yr.)
1a STMT ?4 b c d e
(e) Gross sales price (f) Depreciation allowed (g) Cost or other basis (h) Gain or {Joss) (or allowable) plus expense of sale (e) plus (f) minus (g)
a b c d e Complete only for assets showino oain in column (h) and owned by the foundation on 12/31/69 (I) Ga,ns (Col. (h) gain minus
(i) F.M.V. as of 12/31/69 (I) Adjusted basis (k) Excess of col. (i) col (k). but not less than -0-) or as of 12/31/69 over col (j). if any Losses (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 19,773,773.
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 17 of the instructions). } If (loss), enter -0- in Part I, line 8 •....•...........•...••...••... .. 3
1:r.,.-·- 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? • • . • 0 Yes [iJ No If "Yes," the foundation does not qualify under section 4940(e) Do not complete this part.
1 f 18 f h . b t k' Enter the appropriate amount in each column or each year, see page o t e instruc ions e ore ma ing any entries (a)
(b) (c) (d) Base penod years 01stnbut1on ra\Jo
Calendar year (or tax year beg1nn01g 1n) Ad1usted quallfying d1stnbullons Net value of nonchantable-use assets (col (b) dMded by col (c))
2006 17 204.970. 288.509,138. 0.059634 2005 17,313,089. 286.448.540. 0.060440 2004 15 662.022. 282,467.139. 0.055447 2003 15 766 052. 268 736.081. 0.058667 2002 16.962 136. 290. 472. 551. 0.058395
2 Total of line 1, column (d) ..................................... 2 0.292583 3 Average d1stribut1on ratio for the 5-year base period - divide the total on hne 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years ......... 3 0.058517
4 Enter the net value of nonchantable-use assets for 2007 from Part X, line 5 . . . . . . . . . . 4 308.584.077 •
5 Multiply line 4 by line 3 . . . . . . . . . . 5 18,057.414 • . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Enter 1% of net investment income (1% of Part I, hne 27b) . . . . . . . . . . . . . . . . . . . 6 293,136 •
7 Add lines 5 and 6 7 18,350,550. . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 8 Enter qualifying distributions from Part XII, hne 4 . . . . . . . . 8 18,869,978 • . . . . . .
II hne 8 1s equal to or greater than lme 7, check the box 1n Part VI, hne 1b, and complete that part using a 1% tax rate See the Part VI mstruct1ons on page 18
~i~430 2 ooo Form 990-PF (2007)
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t Form sio-PF(2007l 25-1113452 Page4
• Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948 ·seepage 18 of the instructions)
Date ,of ruhng letter _________ (attach copy of rullng letter If necessary • see Instructions) • . • •
1 a Exempt operatl~g foundations described in section 4940(d)(2). check here ~ LJ and enter "NIA" on hne 1 .••• }
b Domestic foundations that meet the section 4940(e) requirements m Part V, check 1 2 9 3. 13 6.
here ~ Ii] and enter 1% of Part I, line 27b •••••••••••••••••••••••••••••• c All other domeslle foundabons enter 2% of hne 27b Exempt foreign orgamzabons enter 4% of Part I, hne 12, col (bl
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 1-'2=---t----------
3
4
5
6
Add Imes 1 and 2
Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter ·0-)
Tax baaed on lnvesbnent Income. Subtract line 4 from lme 3 If zero or less, enter -O
Cred1ts/Payments:
a 2007 estimated tax payments and 2006 overpayment credited to 2007.
b Exempt foreign organizations-tax withheld at source • • • • • • •
c Tax paid with application for extension of time to file (Form 8868).
d Backup withholding erroneously withheld • . . • • • • • • • • • •
6a
6b
6c
6d
311 198.
NONE NONE
3 293 136.
4 NONE 5 293.136.
7 Total credits and payments. Add Imes 6a through 6d • • • • • • • • • . . • • • . • • .••••
Enter any penaltY for underpayment of estimated tax. Check here D 1f Form 2220 is attached
• • • • • • • J---'7'--lt-------=3:..:1:..:1::..<....:1:..:9,._,8...,.
8 8
9 Tax due. If the total of Imes 5 and 8 is more than hne 7, enter amount owed . • • • • ••••••.••.• ~i--9=---+----------
1 o Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid • • • • • • • • • • ~ 1-'1..,.0'-t-------=1~8'--'.'-'0,._6,...._,2 • 11 Enter the amount of line 10 to be: Credited to 2008 estimated tax~ 18. 062. Refunded ~ 11
1::F.R-·••"'•• Statements Regarding Activities 1 a During the tax year, did the foundation attempt to influence any national. state, or local legislation or did it Yea No
participate or intervene in any political campaign? . • • • • • • • • • • • • . • . • • • • • • . • • . . • • • • • • • • • • • 1--1'-"a'-+---+---=X,_
b Did 11 spend more than $100 during the year (either directly or indirectly) for poht1cal purposes (see page 19
of the instructions for definition)? •••••••.••••••••.•••••.•.••.•••••••••••.••••• ·l--'1""b'-+---+---=X,_ If the answer is "Yes• to 1a or 1b, attach a detailed descnption of the act,vdies and copies of any matenals
published or distributed by the foundation m connection with the activities
c Did the foundation file Form 1120-POL for this year? • • , • , , • . . , , . . , , • • • , , •
d Enter the amount (1f any) of tax on political expenditures (section 4955) imposed during the year (1) On the foundatK>n ~ $ (2) On foundation managers ~ $ __________ _
e Enter the reimbursement (1f any) paid by the organization during the year for political expenditure tax imposed on foundation managers. ~ $ ___________ _
2 Has the foundation engaged m any activities that have not previously been reported to the IRS? . • . , , , . • • ,
If "Yes,• attach a detailed description of the activities.
3 Has the foundation made any changes, not previously reported to the IRS, m ,ts governing instrument, artides of
incorporation, or bylaw~. or other s1m1lar instruments? If "Yes,• attach a conformed copy of the changes
4:a Did the foundation have unrelated business gross income of $1,000 or more dunng the year?
b If "Yes." has it filed a tax return on Form 990-T for this year? • , .•• , •••..•••.
5 Was there a hqu1dation, termination. dissolution, or substantial contraction dunng the year? .
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 m the governing instrument. or
......
• By state leg1slat1on that effectively amends the governing instrument so that no mandatory directions that
conflict with the state law remain in the governing instrument? • • • • • . . • . • • • • . • • • . • • • • • • • . • . . •
7 Did the foundation have at least $5,000 m assets at any time dunng the year? If "Yes,· complete Part II, col. (c), and Part XV.
8 a Enter the states to which the foundation reports or with which it 1s registered (see page 19 of the
instructions) ~ PA.L----------------------------------------------------------------b If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney General
1c
2
3
4a x 4b x 5
6 x 7 x
(or designate) of each state as required by General Instruction G? If "No,• attach explanation ••. , , • • . • • • • • • • • • • Sb X
9 Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(1)(5) for calendar year 2007 or the taxable year beginning m 2007 (see instructions for Part XIV)? If
x
x
x
"Yes.• complete Part XIV. . , , • • • • • • . • . • • , • • • , . • • • • . • , • • • , • • • • • • , • , • • , • • • • • , , 1----'9=---+----+----"X-'-
1 O Did any persons become substantial contributors during the tax yeaI1 If "Yes." attach a schedule listing their
names and addresses , , . . . . , . . • . • • . • . . • . . . • • • . . . • . • . • , • . • • . • , • . • • . , • • • • . , 1 o x Form 990-PF (2007)
JSA
7E1440 2 000
77270J 827G 07/01/2008 08:40:46 V07-6.4 9
JSA
11 a Al any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of iect1on 512(b)(13)? If "Yes,• attach schedule. (see page 20 of the instructions) •••••••
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 1n the attachment for hne 11a? ••.••.•••.•••••.•.••
11a x
11b x 12 Did the foundation acquire a direct or indirect interest in any applicable insurance contract? • • . • • . • • • • 12 X
13 Did the foundation comply with the public inspection requirements for its annual returns and exempllon application? 13 X
Website address ..,. _____ NLA--------------------------------------------------------------------14 The books are in care of .... _SARAH _SCAIFE _FOUNDATION _INC.------ Telephone no ..... ----- 412-392-290Q _____ _
Located at .... 301 GRANT STREETJ_ SUITE 3900J_ PITTSBURGHL_PA -------- ZIP+4 .... l5219 --------
15 Section 4947(a)(1) nonexempt charitable trusts filing Form 990-F in lieu of Form 1041-Check here •.•••••••• N/A •••••• ..,. CT and enter the amount of tax-exempt interest received or accrued during the year • • • • • • . • • • • . • . • • • • ..,. I 1 s I
•· 1111111:• Statements Regarding Activities for Which Form 4720 Mav Be Reauired
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
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? ••••• 0Yes
disqualified person? . • • • • • • • • • • • . • • • • • • • . • • • • • . • • • . . • • • • • • Yes
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept 11 from) a § (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? . • • • • • • Yes
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? .~.T.M.T . .1.4.- X Yes
(5) Transfer any income or assets to a disqualified person (or make any of either available for 1 6 the benefit or use of a disqualified person)?. • • • • • • • • • • • • • . • • • • • . • • • • • D Yes
(6) Agree to pay money or property to a government official? (Exception. Check "No" if
....
the foundation agreed to make a grant to or to employ the official for a period after
termination of government service, if terminating within 90 days.). • • • . • • • • • • • • • • . D Yes
b If any answer 1s "Yes" to 1a(1)-(6), did any of the acts fall to qualify under the exceptions described in Regulallons
section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
Organizations relying on a current notice regarding disaster assistance check here • • • • • • • • • • • •
c Did the foundation engage in a prior year in any of the acts described in 1 a, other than excepted acts, that
were not corrected before the first day of the tax year beginning in 2007? • • . • • . • • • • • • . • • . •
2 Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(1)(3) or 4942(j)(5)).
a At the end of tax year 2007, did the foundation have any undistributed income (lines 6d and D 6e, Part XIII) for tax year(s) beginning before 2007?. • • . • • • • • • • • • • • • • • • • . • • • • Yes If "Yes," hst the years ..,. __________ , _________ , ________ , _______ _
[iJ No
No
No
No
[i]No
[i]No
D
[iJ No
Yes No
1b x
1c x
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 und1slnbuted income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement - see page 22 of the instructions.) . • • • • . • • . • • • • • • • • • • -t-=-2 =-b-+__,N,.._Lf'-' JIA,___
c If the proV1sions of section 4942(a)(2) are being apphed to any of the years hsted in 2a, hst the years here . ... __________ '--------- '-------- , _______ _ 3a Did the foundation hold more than a 2% direct or indirect interest 1n any business D
enterprise at any time dunng the year? • • • • • • • • . • • . • • • • • • • • • • • • • • • • • • • Yes
b If "Yes," did it have excess business holdings in 2007 as a result of (1) any purchase by the foundation or
d1squahf1ed persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the
Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse
of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine if the
[iJ No
foundation had excess business holdings in 2007.) • . • • . • • • • • • • • • . • . • • • • • • • • • • • . • • . • . • • • • 1-'3_b--t-""N-'-F-IA""--
4a Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? • . • . • 1--'-4=-•--+---<~X"--
b Did the foundation make any investment in a prior year (but after December 31, 1969) that could Jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2007? . • • • • • • • • 4 b x
Form 990-PF (2007)
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• Form 990-PF (2007) 25-1113452 Page6
•· 11
•:• Statements Regarding Activities for Which Form 4720 May Be Required (continued)
Sa During the year did the foundation pay or rncur any amount to· (1) Carry on propaganda, or otherwise attempt to rnfluence legislation (section 4945(e))?
(2) Influence the outcome of any specific public election (see section 4955); or to carry on,
directly or indirectly, any voter registration drive? •••••••.•••••••••.•
(3) Provide a grant to an individual for travel, study, or other srmilar purposes? ••••.•
(4) Provide a grant to an organization other than a charitable, etc., organization described in
section 509(a)(1), (2). or (3), or sectron 4940(d)(2)? (see page 22 of the instructions) ••
0Yes
0Yes
0Yes
0Yes
[i] No
[i) No
LJUNo
[i] No
(5) Provide for any purpose other than religious, chantable, scientific, hterary, or
educational purposes, or for the prevention of cruelty to children or animals? • • • • • • • • • • 0 Yes Ci] No
b If any answer is "Yes" to 5a{1)-{5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance {see page 22 of the 1nstruct1ons)? ••••••
Organizations relying on a current notice regarding disaster assistance check here • • • • • • • • • • • . . • • .... 0
c If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the tax
because 1! maintained expenditure responsibility for the grant? • • . • • • • • • • • • • •
If "Yes,· attach the statement required by Regulations section 53.4945-S(d)
~/1). D Yes 0No
6a Did the foundation. during the year, receive any funds, directly or indirectly, to pay premiums
I b fj t ? • . • • D Yes 'x1 No on a persona ene rt con ract • • • • • • • • • • • • • • • . • • . . • • • . • • • • • • • ~
Sb Ni;n
b Did the foundation, during the year, pay premiums, directly or rnd1rectly. on a personal benefit contract? • • • • • • • • • • • 6b X
If you answered "Yes• to 6b, also file Form 8870.
7 a At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? • • 0 Yes [i] No b If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? . • • . • • • • . • • • 7 b x
•!!r.~·-·~um Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees, and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation (see page 23 of the instructions).
(a) Name and address (bl Title, and average b'V Compensallon (d) Conlnbu~ons to (el Expense account,
hours per week not paid, enter employee benefit plens other allowances devoted to oosrtion -0-1 end deferred rnmnenset,on
-------------------------------------SEE STATEMENT 14 - 1 f; 585.053. 82.900. NON
-------------------------------------
-------------------------------------
-------------------------------------2 Compensation of five highest-paid employees (other than those included on hne 1 - see page 23 of the instructions). If none,
enter "NONE."
(b) Title, and average (di Contnbubons to
(e) Expense account, (a) Name and address of each employee paid more than $50,000 (c) Compensabon employee benelit hours per week plans and deferred other allowances
devoted to position comoensabon
-------------------------------------SEE STATEMENT 17 224.133. 50.237. NON
-------------------------------------
-------------------------------------
-------------------------------------
-------------------------------------Total number of other employees paid over $50,000 ..... ]NONE
E
E
Form 990-PF (2007)
JSA 7E1460 2 000
77270J 827G 07/01/2008 08:40:46 V07-6.4 11
JSA
Form 990-PF(2007) 25-1113452 1:ffild Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (contmued)
Page7
3 Five hiahest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE." (a) Name and address of each person paid more than $50,000 (b) Type of seMce (c) CompensatJon
SEE STATEMENT 18 525.627 .
Total number of others rece1vina over $50,000 for orofess1onal services • • • • • • • • • • • • • • • • • ..... 1 NONE
•ifiif!l-1 Summary of Direct Charitable Activities
List the foundation's four largest direct charitable act1vrties dunng the tax year Include relevant stallsbcal mformallon such as the number of organ1zat1ons and other benefie1anes served, conferences convened, research papers produced, etc
1_NOT_APPLICABLE ___________________________________________________________ _
2--------------~------------------------------------------------------------
3 __________________________________________________________________________ _
4
•::r.1.11111u1111:• Summary of Program-Related Investments (see page 24 of the instructions) Describe the two largest program-related investments made by the foundation dunng the tax year on Imes 1 and 2
1_NO!_~PPLICABtE ___________________________________________________________ _
2
All other program-related investments See page 24 of the mstruellons
3_NONE----------------------------------------------------------------------
Total. Add lines 1 through 3 . . . . . . . . • . . . . • . . • • . • • . . . . . • • . . . . . . . . . . . . • . • . . . . .,..
E>lpenses
Amount
Form 990-PF (2007)
7E1465 2 000
77270J 827G -07/01/2008 08:40:46 V07-6.4 12
Form 990-PF (2007) 25-11134 52 Page8
htfii!I Minimum Investment Return (All domestic foundations must complete this part Foreign foundations, see page 24 of the instructions.)
Fair market value of assets not used (or held for use) directly 1n carrymg out charitable, etc., purposes.
a Average monthly fair market value of securities. . ......••....•.. b Average of monthly cash balances .•••......•..•.••...•... c Fair market value of all other assets (see page 25 of the instructions) •••
d Total (add Imes 1a, b, and c) •.•.•.•......••.•..••.•.•• e Reduction claimed for blockage or other factors reported on Imes 1a and
1c (attach detailed explanation) ••.....•.•..•...••.•. .__1_e~----------1
1a 313 1b 1c 1d 313
254 720. 28 607.
NONE 283 327.
2
3
Acquisition indebtedness applicable to line 1 assets Subtract line 2 from line 1d
2 ............... t---if--------_..:.==.. 3
NONE 313 283 327.
' Cash deemed held for charitable activities: Ente'r 1 1 /2 o/o 'oi line 3 (for 0
gre0
ater amount, 'see page 25 .•
of the instructions) . • . . • . . • • . . . . . • . . . • • • . . . . . . • • . • . . . • . . . . . . . . .. 4 4 699 250. 5 Net value of noncharitable-use assets. Subtract line 4 from line 3 Enter here and on Part V, lme 4 5 308 584 077.
Minimum investment return. Enter 5% of hne 5 • . . . • . . • . . . • . . . • • • . • • • • . . . . . • . 6 15 429 204. Distributable Amount (see page 25 of the instructions) (Section 4942(])(3) and (j)(5) private operating foundations and certain foreign organizations check here .... and do not complete this part.)
Minimum investment return from Part X, line 6 . • . . . • . . . • • • • . . • . . • . . . • . . . . 1 t-----11-----~ ........ ==..&...:'-=--'a...a..-15 429 204. la Tax on investment income for 2007 from Part VI, line 5 . . . . . . • . 2a 293 136.
b Income tax for 2007. (This does not include the tax from Part VI ) . • . ~2_b~-----------i
c Add lines 2a and 2b • • . . . . . • . . . . . . . . . . . • . . . • . . . • . • . . • . . . • . . . . • t--2-'-c-+------==i...:..:::=-='--293 136. 3 Distributable amount before adJustments Subtract line 2c from line 1 ...••....•...•..•. i---3--11-----~~=-"'.&.....aa-=-=~ 15 136 068. I Recoveries of amounts treated as qualifying d1stnbut1ons . . . . • • • • . . • • . . . . ••••...•• 1--4-1-----------
Add lines 3 and 4 5 . . . • . . . . . • . . . . . . • . . . . . . . . • . . • . . • • . • . . • • • • . • . • • t----11-----~~=-"'.&.....aa...=.:~ 15 136 068. 6 Deduction from distributable amount (see page 25 of the instructions) •..••....•.
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, ....... 1----11-----------
line 1 , ...... , .•.. , • , · · , , , , · · · · , · · , , , , · · • • · · · • · · · · · · · • · · · • · 7 15 136 068.
j:£fli3ii Qualifying Distributions (see page 26 of the instructions)
I a b
!
I a b
J ;
j
JSA
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes: Expenses, contributions, gifts, etc. - total from Part I, column (d), line 26 • • . . . . • . ..• .. 1a 18,869.978. Program-related investments - total from Part IX-B 1b NONE . . . . . . . . . . . . . . . . . . . . . . . .. Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc., purposes 2 NONE ................................................ . . Amounts set aside for spec1f1c charitable projects that satisfy the: Suitability test (prior IRS approval required) 3a NONE ................................ Cash distribution test (attach the required schedule) 3b NONE ........................... Quallfylng distributions. Add Imes 1 a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4 . . . . . . 4 18.869.978 • Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment income. Enter 1 % of Part I, line 27b (see page 26 of the instructions) ..•. 5 293 136 • . . . . . . . . . . . . Adjusted qualifying distributions. Subtract line 5 from line 4 6 18,576.842 • . . . . . . . . . . . . . . . . Note: The amount on line 6 will be used ,n Part V, column (b), m subsequent years when calculating whether the foundation
qualifies for the section 4940(e) reduction of tax in those years
Fonn 990-PF (2007)
7E1470 2 000
77270J 827G 07/01/2008 08:40:46 V07-6.4 13
Form 990-PF (2007) 25-1113452 Page9 1:..-.,.- .• ,,. Undi'stributed Income (see page 26 of the instructions}
(a) (b) (c) (d)
1 Distributable amount for 2007 from Part XI, Corpus Years prior to 2006 2006 2007
line7 ..................... 15.136,068. 2 Und1stnbuted income, If any, as of the end of 2006
a Enter amount for 2006 only .......... b Total for pnor years NONE
3 E>a::ess distributions carryover, If any, to 2007:
a From 2002 2.616.074. b From 2003 2 505-328. c From 2004 L 779. 880. d From 2005 3. 281. 252. e From 2006 3 187.117. f Total of lines 3a through e . ......... 13.369.651.
4 Qualifying distrrbulions for 2007 from Part XII, line4· .... $ 18,869,978.
a Applied to 2006, but not more than line 2a . • .
b Apphed to und1stnbuted income of pnor years (Election required - see page 27 of the instructions) ......
c Treated as distributions out of corpus (Election requrred - see page 27 of the instructions) • • ..
d Applied to 2007 distributable amount ..... 15.136 068. e Remaining amount distrrbuted out of corpus .. 3-733.910.
6 Excess distributions carryover applied to 2007 • (If an amount appears in column (d), the same amount must be shown in column (a))
6 Enter the net total of each column as indicated below:
a Corpus. Add Imes 3f, 4c, and 4e. Subtract line 5 17.103.561.
b Prior years' undistributed income. Subtract line 4b from line 2b NONE ..............
c Enter the amount of prior years' undistrrbuted income for which a notice of def1crency has been issued, or on which the section 4942(a) tax has been previously assessed . • • • . • • • • • " •
d Subtract line 6c from line 6b. Taxable amount - see page 27 of the instructions NONE
e Und1strrbuted income for 2006 Subtract line 4a from line 2a Taxable amount - see page 27 of the instructions .............
f Undistrrbuted income for 2007. Subtract lines 4d and 5 from line 1. This amount must be d1strrbuted in 2008 ...............
7 Amounts treated as distributrons out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (see page 27 of the instructions) • • • . . • • • • . • • . . • • • •
8 E>ccess distrrbullons carryover from 2002 not applied on line 5 or line 7 (see page 27 of the
2 616 074. instructions) . . • • • • • • • . • • • • • • • • 9 Excess distributions carryover to 2008.
Subtract lines 7 and 8 from line 6a ....... 14.487.487. 0 Analysis of hne 9.
a Excess from 2003 2.505.328. b Excess from 2004 1-779.880. c Excess from 2005 3.281.252. d Excess from 2006 3.187 117. e Excess from 2007 3.733 910.
Form 990-PF (2007)
JSA
7E1480 2 000
77270J 827G 07/01/2008 08:40:46 V07-6.4 14
I I Form 990-PF {2007) 25-1113452 •~•:nu1 Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9) NOT
Page 10 E APPLICABL
1a If the foundati?n has received a ruling or determination letter that 1.t
0
IS. ~ .p~1v~t~ .o~e.ra.tin~ I foundatlon, and the ruhng 1s effective for 2007. enter the date of the ruhng
b Check box to indicate whether the foundation is a private operating foundation described 1n section I I 4942())(3) or I I 4942(i)(5)
2a Enter the lesser of the ad-Tax year Prior 3years
(e) Total justed net income from Part (a) 2001 (b) 2006 (c) 2005 (d) 2004 I or the minimum investment return from Part X for each year listed .......
b 85% of hne 2a ..... c Quallfylng d1Stnbubons from Part
XII. hne 4 lor each year hsted
d Amounts lnduded 1n line 2c not used directly for actM! condud of exempt ectlvlbes • • • • •
e Quallfylng dostrtbubons mede directly for active condud of exempt ect1111bes Subtract line 2d from line 2c • • • • • •
3 Complete 3a. b. or c for the ellemetM! lest rehed upon
a • Assets" altematMI test - enter
( 1 ) Value of all assets ... (2) Value 01 assets qualdying
under section
49420)(3)(8)(1). • • • • b "Endowmenr allemetM! test-
enter 2/3 of minimum lnWSI·
ment return shown on Part X. hne 6 for each year hsled ..
c "Supporr altematMI test. enter
( 1) Total support other than gross investment Income (interest. dividends. rents, payments on secunbes loans (118doon 512(a)(5)), or royaltoes). • • • • •
(2) Support from general public and 5 or more exempt organozatoons as provided ,n sectJon 4942 0)(3)(B)(iii) • • • • • •
(3) Largest amount 01 SUI>-port from an exempt organozabon .....
( 4) Gross investment income •
l::F.T•-···-~upple~entary Information (Complete t~is part _only if the foundation had $5,000 or more in assets at any time durmg 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 1f they have contributed more than $5,000). (See section 507(d)(2))
N/A b List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest
N/A
2 Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here.,.. D if the foundation only makes contributions to preselected charitable organizations and does not accept unsolicited requests for funds. If the foundation makes gifts, grants. etc. (see page 28 of the instructions) to 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 apphcat1ons should be addressed SEE STATEMENT 2 0
b The form in which applications should be submitted and information and materials they should include:
SEE STATEMENT 20 c Any submission deadhnes.
SEE STATEMENT 20 d Any restrictions or hm1tat1ons on awards, such as by geographical areas, charitable fields, kinds of inst1tut1ons, or other
factors
JSA 7E1490 2 000
SEE STATEMENT 20
77270J 827G 07/01/2008 08:40:46 V07-6.4 'Form 990-PF {2007)
15
-------
Form 990-PF (2007) 25-11134 52 Utfi@j Supplementary Information (continued) 3 Grants and Contributions Paid During the Year or Approved for Future Payment
Rec1p1ent
Name and address (home or business)
a Paid during the year
SEE STATEMENT 22
Total. . . b Approved for future payment SEE: STATEMENT
Total.
JSA 7€14912000
22
If recipient IS an ll'ldMdual, show any ralationslup to any foundation manager or substantial cantnbutor
. .
77270J 827G 07/01/2008 08:40:46 V07-~.4
Foundation Purpose of grant or status of rec1p1ent contnbutJon
. . .
Page 11
Amount
17,113,000.
,..la 17.113.000 .
4,442,000.
..... 3b 4.442.000. Form 990-PF (2007)
16
JSA
Form 990-PF (2007) 25-1113452 Page 12 •:.-: ... ~- ..... 1!"7 .... Analysis of Income-Producing Activities Enter gross ~mounts·unless otherwise indicated Unrelated business income Excluded b section 512, 513, or 514 (e)
')elated or exemgt (a) (b) (c) (d) unction mcom
1 Program service revenue Business eode Amount EmuSIOl'I eod• Amount (See page 28 of he instructions.)
a
b
c d
e
f
g Fees and contracts from govemment agencies
2 Membership dues and assessments • • • • .
3 Interest on savings and temporary cash investments
4 01v1dends and interest from secunlies ... 14 8-111.440. 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 19- 773. 773. 9 Net income or (loss) from special events • •
1 O Gross profit or (loss) from sales of inventory. 11 Other revenue: a
b VENTURE FUND INC. 900000 -76.464. 14 1- 954. 960. c OTHER INCOME 14 37.716. d
e 12 Subtotal. Add columns (b), (d), and (e) .... -76.464. 29. 877 - 889. 13 Total. Add line 12, columns (b), (d), and (e). • • • • • • • • • • • • . • • • • . . • • • • • • ••••••••• 13 -----=2:.:9::....irc...;8:::...0:.:.lL, ...::4=2c.=5c...::.'(See worksheet in line 13 instructions on page 29 to verify calculations.) l:.t,;1 .. ••u1 =· Relationship of Activities to the Accomplishment of Exempt Purposes
Line No. Explain below how each activity for which income 1s reported in column (e) of Part XVI-A contributed importantly to
T the accomplishment of the foundation's exempt purposes (other than by providing funds for such purposes). (See page 29 of the instructions )
NOT APPLICABLE
Form 990-PF (2007)
7E1492 2000
77270J 827G 07/01/2008 08:40:46 V07-6.4 17
• Form990-PF 2007 25-1113452 Page13
1
Information Regarding Transfers To and Transactions and Relationships With Noncharitable E tO f xemp rgamza ions
Did t!Je 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 orgamzat1ons?
a Transfers from the reporting foundation to a nonchantable exempt organization of.
(1) Cash • 1a(1l x (2) Other assets 1al21 x
b Other transactions:
(1) Sales of assets to a noncharitable exempt organization 1bl1l x (2) Purchases of assets from a nonchantable exempt organization 1b(2) x (3) Rental of facilities, equipment, or other assets 1bl3' x (4) Reimbursement arrangements • 1b(4) x (5) Loans or loan guarantees 1bt5' x (6) Performance of services or membership or fundra1sing solicitations 1b(6] x
c Sharing of facilities, equipment. mailing lists, other assets, or paid employees 1c x d If the answer to any of the above is "Yes." complete the following schedule. Column (b) should always show the fair market value of the goods,
other assets, or services given by the reporting foundation. If the foundation received less than fair market value in any transaction or sharing
arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line no (b) Amount mllOlved (c) Name of nonchantable exempt orgamzabon (d) Descnpt,on of transfers, transacbons, and shanng arrangements
NIA NIA
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? .•••••••••.••••••••.••••• 0 Yes [iJ No
b If "Yes • com lete the followin schedule (a) Name of orgamzabon (b) Type of orgamzabon (c) Descnpt1on of relabonsh1p
Under penalties of perJury, I declare that I have examined this retum, mcludmg accompanying schedules and statements, and to the best of my knowledge and belief, ,t true, correct, and complete Declarabon of preparer (other than taxpayer or fiduciary) s ba on all information of wh,ch preparer has any knowledge
t;J l e , o 2, ai.. ~><. V,4-£ f}ES.
JSA
7E1493 2 000
FORT WASHINGTON
77270J 827G 07/01/2008 08:40:46 V07-6.4
PA
Date ,... Title
19034 Phone no 215-654-1600 Form 990-PF (2007)
18
SARAH SCAIF£ FOUNDATION INCORPORATED 25-1113452
FORM 990PF, PART I - DIVIDENDS AND INTEREST FROM SECURITIES ===========================================================
DESCRIPTION
INTEREST INCOME DIVIDEND INCOME
TOTAL
77270J 827G 07/01/2008 08:40:46 V07-6.4
REVENUE AND
EXPENSES PER BOOKS
3,088,473. 5,022,967.
8,111,440.
NET INVESTMENT
INCOME
3,088,473. 5,022,967.
8,111,440.
20 STATEMENT 1
SARAH SCAIFE FOUNDATION INCORPORATED
FORM 990PF, PART I - OTHER INCOME ------------------------------------------------------------------
DESCRIPTION
VENTURE INCOME
TOTALS
77270J 827G 07/01/2008 08:40:46 V07-6.4
25-1113452
REVENUE AND
EXPENSES PER BOOKS
1,916,212.
1,916,212.
NET INVESTMENT
INCOME
1,916,212.
1,916,212.
21
ADJUSTED NET
INCOME
NONE
NONE
STATEMENT 2
SARAH SCAIFE FOUNDATION INCORPORATED
FORM 990PF, PART I - LEGAL FEES ===============================
DESCRIPTION
LEGAL FEES
TOTALS
REVENUE AND
EXPENSES PER BOOKS
4,913.
4,913.
77270J 827G 07/01/2008 08:40:46 V07-6.4
25-1113452
NET INVESTMENT
INCOME
NONE
NONE
ADJUSTED NET
INCOME
NONE
NONE ----------------------------
22
CHARITABLE PURPOSES
4,913.
4,913.
STATEMENT 3
SARAH SCAIFE FOUNDATION INCORPORATED
FORM 990PF, PART I - ACCOUNTING FEES ----------------====================
DESCRIPTION
AUDIT, COMPLIANCE, AND TAX SRV
TOTALS
REVENUE AND
EXPENSES PER BOOKS
57,878.
57,878. ============--
77270J 827G 07/01/2008 08:40:46 V07-6.4
25-1113452
NET INVESTMENT
INCOME
28,939.
28,939.
ADJUSTED NET
INCOME
NONE
NONE ==============
23
CHARITABLE PURPOSES
28,939.
28,939.
STATEMENT 4
SARAH SCAIFE FOUNDATION INCORPORATED
FORM 990PF, PART I - OTHER PROFESSIONAL FEES
DBSCRIPTION
FISCAL AGENT FEES CONSULTING
TOTALS
REVENUE AND
EXPENSES PER BOOKS
280,218. 256,000.
536,218.
77270J 827G 07/01/2008 08:40:46 V07-6.4
25-1113452
NET INVESTMENT
INCOME
280,218. NONE
280,218.
24
ADJUSTED NET
INCOME
NONE NONE
NONE
CHARITABLE PURPOSES
NONE 256,000.
256,000.
STATEMENT 5
SARAH SCAIFE FOUNDATION INCORPORATED
FORM 990PF, PART I - TAXES
DESCRIPTION
FEDERAL EXCISE TAX PAYROLL TAX
TOTALS
REVENUE AND
EXPENSES PER BOOKS
308,000. 51, 491.
359, 491.
77270J 827G 07/01/2008 08:40:46 V07-6.4
25-1113452
NET INVESTMENT
INCOME
NONE 5,401.
5, 401.
ADJUSTED NET
INCOME
25
NONE NONE
NONE
CHARITABLE PURPOSES
NONE 46,090.
46,090. ==============
STATEMEN'l' 6
SARAH SCAIFE FOUNDATION INCORPORATED
FORM 990PF, PART I - OTHER EXPENSES ----==-============================
DESCRIPTION
COMPUTER MAINTENANCE INSURANCE DUES & SUBSCRIPTIONS OFFICE EXPENSES OFFICE TEMP TELEPHONE SECURITY
TOTALS
REVENUE AND
EXPENSES PER BOOKS ---------
1,000. 16,795.
7,098. 21,929. 21,155.
4,188. 50,298.
--------------122,463.
==============
77270J 827G 07/01/2008 08:40:46 V07-6.4
25-1113452
NET ADJUSTED INVESTMENT NET CHARITABLE
INCOME INCOME PURPOSES ------ ------ --------
NONE NONE 1,000. 1,762. NONE 15,033.
NONE NONE 7,098. 2,300. NONE 19,629. 2,219. NONE 18,936.
439. NONE 3,749. NONE NONE 50,298.
-------------- -------------- --------------6,720. NONE 115,743.
-------------- -------------- ---------------------------- -------------- --------------
26 STATEMENT 7
SARAH SCAIFE FOUNDATION INCORPORATED
FORM 990PF, PART I - CONTRIBUTIONS, GIFTS, GRANTS PAID
======================================================
RECIPIENT NAME AND ADDRESS
GRANTS PAID
SEE STATEMENT 22
GRANTS ACCRUED
SEE STATEMENT 22
77270J 827G 07/01/2008 08:40:46 V07-6.4
RELATIONSHIP TO SUBSTANTIAL CONTRIBUTOR AND
FOUNDATION STATUS OF RECIPIENT
25-1113452
PURPOSE OF GRANT OR CONTRIBUTION AMOUNT
17 I 113 I 000 •
TOTAL CONTRIBUTIONS PAID 17,113,000.
4,442,000.
TOTAL APPROVED CONTRIBUTIONS ACCRUED 4, 442, 000.
27 STATEMENT 8
SARAH SCAIFE FOUNDATION INCORPORATED 25-1113452
FORM 990PF, PART II - PREPAID EXPENSES AND DEFERRED CHARGES --=~~==============================================-=======
DESCRIPTION
PREPAID INSURANCE
TOTALS
77270J 827G 07/01/2008 08:40:46 V07-6.4
ENDING BOOK VALUE
6,840.
6,840.
28
ENDING FMV
6,840.
6,840.
STATEMENT 9
SARAH SCAIFE FOUNDATION INCORPORATED
FORM 990PF, PART II - U.S. AND STATE OBLIGATIONS ------------------------------------------------
DESCRIPTION
GOVBRNMENT SECURITIES (SEE STATEMENT 13A)
US OBLIGATIONS TOTAL
77270J 827G 07/01/2008 08:40:46 V07-6.4
25-1113452
ENDING BOOK VALUE
50,470,075.
50,470,075.
29
ENDING FMV
51,544,930.
51,544,930.
STATEMENT 10
SARAH SCAIFE FOUNDATION INCORPORATED
FORM 990PF, PART II - CORPORATE STOCK -------------------------------------
DESCRIPTION
COMMON STOCK INVESTMENTS (SEE STATEMENT 13A)
TOTALS
77270J 827G 07/01/2008 08:40:46 V07-6.4
25-1113452
ENDING BOOK VALUE
141,184,334.
141,184,334.
30
ENDING FMV
236,103,598.
236,103,598.
STATEMENT 11
SARAH SCAIFE FOUNDATION INCORPORATED
FORM 990PF, PART II - CORPORATE BONDS -------------------------------------
D£SCRIPTION
CORPORATE BOND INVESTMENTS (SEE STATEMENT 13A)
TOTALS
77270J 827G 07/01/2008 08:40:46 V07-6.4
25-1113452
ENDING BOOK VALUE
3,962,966.
3,962,966. ===============
31
ENDING FMV
3,924,240.
3,924,240.
STATEMENT 12
SARAH SCAifE FOUNDATION INCORPORATED
FORM 990PF, PART II - OTHER INVESTMENTS ----------=============================
OESCRIPTION
VENTURE FUNDS (SEE STMT. 13A) MUTUAL FUNDS (SEE STMT. 13A)
TOTALS
77270J 827G 07/01/2008 08:40:46 V07-6.4
25-1113452
ENDING BOOK VALUE
2,168,914. 3,876,230.
6,045,144.
32
ENDING FMV
3,718,076. 8,503,040.
12,221,116.
STATEMENT 13
Government Securities
U.S. Treasury and agencies securities Federal Farm Credit Bank Federal Home Loan Banks Federal Home Loan Mortgage Corp. Tennessee Valley Authority Treasury Inflation Securities
U.S. Treasury Notes
TOTAL GOVERNMENT SECURITIES
Common Stock
Common Stocks: 3M Co. Accenture Ltd. Altria Group, Inc. AMBAC Financial Group, Inc. American International Group, Inc. AT&T, Inc. Automatic Data Processing, Inc. Becton Dickinson & Co. Berkshire Hathaway, Inc. Cardinal Health, Inc. Carnival Corporation Charles Schwab Corp. New Chevron Corp. Diamond Offshore Drilling, Inc. Diebold, Inc. Ecolab Inc. Entergy Corp. Exxon Mobil Corp. FactSet Research Systems, Inc. Fortune Brands, Inc. FPL Group, Inc. Gannett Co., Inc. General Dynamics Corp. General Electric Co. Graco Inc. Illinois Tool Works, Inc. International Business Machines Corp. Johnson & Johnson Johnson Controls, Inc. Kellogg Co. Lockheed Martin Corp. McDonald's Corp. Merrill Lynch & Co., Inc. Microchip Technology, Inc.
Sarah Scaife Foundation Incorporated Schedule of Investments
December 31, 2007
Shares/or Par Value
2,000,000 1,700,000 5,000,000 3,-000,000 6,500,000
Shares/or Par Value
41,500 68,500 307,000
25,500 166,111 100,000 83,600 50,200
900 36,000 40,000
158,000 30,200 21,800 82,500 66,500 20,000
250,000 38,500 35,000 62,500 31,400 44,000
260,000 58,000 11,200
112,000 86,000 58,200 67,000 25,000 85,000 45,500 88,000
Cost
2,007,420 1,703,944 5,382,192 3,088,520 6,871,349
19,053,425
31,416,650
50,470,075
3,316,414 2,551,557 7,590,731 2,444,251
945,868 3,292,750 3,589,143 3,335,407 2,028,491 2,408,562 2,158,052 2,945,167 1,382,650 2,474,041 3,907,028 2,170,023 2,348,382 2,940,570 2,483,149 1,897,276
948,500 2,377,008 1,932,762 1,812,113 2,030,635
524,336 3,154,184 5,182,346 1,143,605 3,009,243
883,025 4,229,766
522,450 2,751,311
Market Value
2,007,500 1,744,098 5,285,630 3,028,620 7,900,206
19,966,054
31,578,876
51,544,930
Market Value
3,499,280 2,468,055
23,203,060 657,135
9,684,271 4, 156,000 3,722,708 4,195,716 4,262,400 2,079,000 1,779,600 4,036,900 2,818,566 3,095,600 2,390,850 3,405,465 2,390,400
23,422,500 2,144,450 2,532,600 4,236,250 1,224,600 3,915,560 9,638,200 2,161,080
599,648 12,107,200 5,736,200 2,097,528 3,512,810 2,631,500 5,007,350 2,442,440 2,764,960
STATEMENT 13A
Sarah Scaife Foundation Incorporated Schedule of Investments
December 31, 2007 Nike, Inc. 54,000 2, 115,480 3,468,960 Novartis AG 84,000 4,769,879 4,562,040 Omnicon Group, Inc. 51,000 2,015,493 2,424,030 Pepsico, Inc. 66,500 3,994,275 5,047,350 Praxair, Inc. 52,000 2,497,634 4,612,920 Proctor & Gamble Co. 98,800 4,494,255 7,253,896 Prudential Financial Inc. 41,000 3,762,103 3,814,640 Schlumberger Ltd. 26,000 2,417,104 2,557,620 State Street Corp. 72,000 4,918,195 5,846,400 Stryker Corp. 63,500 3,291,353 4,744,720 Target Corp. 84,500 4,919,899 4,225,000 Texas Instruments Inc. 80,000 1,883,200 2,672,000 U.S. Bancorp 75,000 2,354,220 2,380,500 United Parcel Service, Inc. 13,500 1,002,375 954,720 United Technologies Corp. 120,000 2,218,926 9, 184,800 Wachovia Corp. 52,015 2,004,960 1,978,131 Wells Fargo & Company 122,600 3,355,250 3,701,294 Wisconsin Energy Corp 54,500 2,458,937 2,654,695
TOTAL COMMON STOCK 141,184,334 236, 103,598
Corporate Bonds Shares/or Par Value Cost Market Value
GTE Northwest Inc. 775,000 860,750 777,480 National Rural Utilities 1,050,000 1,004,356 1,076,670 Pharmacia Corporation 1,000,000 1,071,680 1,014,930 South Carolina Electric & Gas Co. 1,000,000 1,026,180 1,055,160
TOTAL CORPORATE BONDS 3,962,966 3,924,240
Venture Funds Shares/or Par Value Cost Market Value
Code, Hennessy & Simmons Limited Partnership 67,415 11,863 Code, Hennessy & Simmons II, LP. 64,613 1,747,575 Code, Hennessy & Simmons Ill, LP. 262,297 68,521 Code, Hennessy & Simmons IV, LP. 710,130 825,658 Meakem Becker Ventures Capital I LP 1,064,459 1,064,459
TOTAL VENTURE FUNDS 2,168,914 3,718,076
Mutual Funds Shares/or Par Value Cost Market Value
Mutual Fund: !Shares Russell 2000 Index Fund 112,000 3,876,230 8,503,040
TOTAL MUTUAL FUNDS 3,876,230 8,503,040
STATEMENT 13A
SARAH SCAIFE FOUNDATION INCORPORATED 25-1113452
FORM 990PF, PART VIII - LIST OF OFFICERS, DIRECTORS, AND TRUSTEES -=====-==========================================================
NAME AND ADDRESS
RICHARO M. SCAIFE 301 GRANT STREET ONE OXFORD CENTRE, SUITE 3900 PITTSBURGH, PA 15219-6401
MICHAEL W. GLEBA 301 GRANT STREET ONE OXFORD CENTRE, SUITE 3900 PITTSBURGH, PA 15219-6401
BARBARA L. SLANEY 301 GRANT STREET ONE OXFORD CENTRE, SUITE 3900 PITTSBURGH, PA 15219-6401
~. DANIEL MCMICHAEL 301 GRANT STREET ONE OXFORD CENTRE, SUITE 3900 PITTSBURGH, PA 15219-6401
YVONNE MARIE BLY 301 GRANT STREET ONE OXFORD CENTRE, SUITE 3900 PITTSBURGH, PA 15219-6401
T. KENNETH CRIBB, JR. 301 GRANT STREET ONE OXFbRD CENTRE, SUITE 3900 PITTSBURGH, PA 15219-6401
TITLE AND AVERAGE HOURS PER WEEK DEVOTED TO POSITION
CHAIRMAN/TRUSTEE 2.50
EXECUTIVE VP 32.00
VP/TREASURER 32.00
SECRETARY 2.50
ASST. TREASURER 32.00
TRUSTEE 2.50
77270J 827G 07/01/2008 08:40:46 V07-6.4
COMPENSATION
NONE
232,060.
254,060.
NONE
53,933.
6,000.
CONTRIBUTIONS EXPENSE ACCT TO EMPLOYEE BENEFIT PLANS
NONE
35,400.
35,400.
NONE
12,100.
NONE
33,TATEMENT 14
AND OTHER ALLOWANCES
NONE
NONE
NONE
NONE
NONE
NONE
SARAH SCAIFE FOUNDATION INCORPORATED 25-1113452
FORM 990PF, PART VIII - LIST OF OFFICERS, DIRECTORS, AND TRUSTEES
NAME ANO ADDRESS
EDWIN J. FEULNER, JR. 301 GRANT STREET ONE OXFORD CENTRE, SUITE 3900 PITTSBURGH, PA 15219-6401
ALLAN H. MELTZER 301 GRANT STREET ONE OXFORD CENTRE, SUITE 3900 PITTSBURGH, PA 15219-6401
E. VAN R. MILBURY 301 GRANT STREET ONE OXFORD CENTRE, SUITE 3900 PITTSBURGH, PA 15219-6401
ROGER W. ROBINSON, JR. 301 GRANT STREET ONE OXFORD CENTRE, SUITE 3900 PITTSBURGH, PA 15219-6401
JAMES C. RODDEY 301 GRANT STREET ONE OXFORD CENTRE, SUITE 3900 PITTSBURGH, PA 15219-6401
JAMES M. WALTON 301 GRANT STREET ONE OXFORD CENTRE, SUITE 3900 PITTSBURGH, PA 15219-6401
ARTHUR P. ZIEGLER, JR.
TITLE AND AVERAGE HOURS PER WEEK DEVOTED TO POSITION
TRUSTEE 2.50
TRUSTEE 2.50
TRUSTEE
TRUSTEE 2.50
TRUSTEE 2.50
TRUSTEE 2.50
TRUSTEE 2.50
77270J 827G 07/01/2008 08:40:46 V07-6.4
CONTRIBUTIONS EXPENSE ACCT TO EMPLOYEE
COMPENSATION BENEFIT PLANS
6,000. NONE
6,000. NONE
4,500. NONE
6,000. NONE
6,000. NONE
4,500. NONE
6,000. NONE
34.TATEMENT 15
AND OTHER ALLOWANCES
NONE
NONE
NONE
NONE
NONE
NONE
NONE
SARAH SCAIFE FOUNDATION INCORPORATED 25-1113452
FORM 990PF, PART VIII - LIST OF OFFICERS, DIRECTORS, AND TRUSTEES =================================================================
NAM£ ANO ADDRESS
301 GRANT STREET ONE OXFORD CENTRE, SUITE 3900 PITTSBURGH, PA 15219-6401
TITLE AND AVERAGE HOURS PER WEEK DEVOTED TO POSITION
GRAND TOTALS
77270J 827G 07/01/2008 08:40:46 V07-6.4
COMPENSATION
585,053.
CONTRIBUTIONS EXPENSE ACCT TO EMPLOYEE BENEFIT PLANS
82,900.
AND OTHER ALLOWANCES
NONE ============== ============== ==============
3~TATEMENT 16
SARAH SCAIFE FOUNDATION INCORPORATED 25-1113452
990PF, PART VIII - COMPENSATION OF THE FIVE HIGHEST PAID EMPLOYEES =--===============================================================
NAME AND ADDRESS
CAROL NOLAN 301 GRANT STREET PITTSBURGH, PA 15219-6401
ALEXIS J. KONKOL 301 GRANT STREET PITTSBURGH, PA 15219-6401
POLLY MCQUEEN 301 GRANT STREET PITTSBURGH, PA 15219-6401
MATTHEW GROLL 301 GRANT STREET PITTSBURGH, PA 15219
TITLE AND AVERAGE HOURS PER WEEK
DEVOTED TO POSITION
EMPLOYEE 32.00
EMPLOYEE 32.00
24.00
EMPLOYEE 12.00
TOTAL COMPENSATION
77270J 827G 07/01/2008 08:40:46 V07-6.4
CONTRIBUTIONS EXPENSE ACCT TO EMPLOYEE AND OTHER
COMPENSATION BENEFIT PLANS ALLOWANCES
58,133. 13,300. NONE
56,800. 13,050. NONE
59,100. 13,012. NONE
50,100. 10,875. NONE
---------- ---------- ----------224,133. 50,237. NONE
---------- ---------- ----------
36 STATEMENT 17
'SARAft SCAIFE FOUNDATION INCORPORATED 25-1113452
990PF, PART VIII- COMPENSATION OF THE FIVE HIGHEST PAID PROFESSIONALS ------~ -------------------------------------------------------------
NAME AND ADDRESS TYPE OF SERVICE COMPENSATION
OXFORD DEVELOPMENT COMPANY/GRANT ST. FACILITY RENTAL 208,547. ONE OXFORD CTR, PLAZA LEVEL,301 GRANT ST PITTSBURGH, PA 15219
R. DANIEL MCMICHAEL CONSULTING 266,776. ONE OXFORD CENTRE, 301 GRANT STREET PITTSBURGH, PA 15219
DENNISE. BRADSHAW MGMT CONSULTING SVCS 50,304. 803 WOLFE STREET ALEXANDRIA, VA 22314
TOTAL COMPENSATION 525,627.
STATEMENT 18
77270J 827G V07-6.4 37
SARAH SCAIFE FOUNDATION INCORPORATED EIN: 25-1113452 YEAR ENDED: DECEMBER 31, 2007
FORM 990-PF
PART I, LINE 19- DEPRECIATION EXPENSE PART II, LINE 14 - LAND, BUILDINGS, AND EQUIPMENT
PART II, LINE 14 -ACCUMULATED DEPRECIATION
STATEMENT 19
DESCRIPTION AMOUNT
LEASEHOLD IMPROVEMENTS OFFICE EQUIPMENT
SUBTOTAL FIXED ASSETS LESS: ACCUMULATED DEPRECIATION
NET FIXED ASSETS
316,204 508,847 825,051
(820,619) 4,432
DEPRECIATION AND AMORTIZATION EXPENSE FOR 12/31/07 WAS $32,845.
STATEMENT 19
SARAH SCAIFE FOUNDATION Incorporated
One Oxford Centre 301 Grant Street, Suite 3900
Pittsburgh, Pennsylvania 15219-6401 412-392-2900
ANNUAL REPORT
STATEMENT 20
The Sarah Scaife Foundation's grant program is primarily directed toward public policy programs that address major domestic and international issues. There are no geographical restrictions. The Foundation does not make grants to individuals for any purpose or to nationally-organized fundraising groups. Proposals for the following are usually declined: event sponsorships, endowments, capital campaigns, renovations, or government agencies.
Initial inquiries to the Foundation should be in letter form signed by the organization's President, or authorized representative, and have the approval of the organization's Board of Directors. The letter should include a concise description of the specific program for which funds are requested, and a program budget and timetable. Accompanying information should include a copy of the latest audited financial statements and annual report; current budget; list of officers and directors and their major affiliations; and a copy of the current determination letter from the Internal Revenue Service evidencing tax-exempt status under Section 501 (c) (3} of the IRS Code. Additional information may be requested, if needed, for further evaluation.
The Foundation meets in February, May, September, and November to consider grants. However, requests may be submitted at any time and will be acted upon as expeditiously as possible.
Requests should be addressed to:
Michael W. Gleba Executive Vice President Sarah Scaife Foundation One Oxford Centre 301 Grant Street, Suite 3900 Pittsburgh, PA 15219-6401
STATEMENT 20
SARAH SCAIFE FOUNDATION INCORPORATED EIN: 25-1113452 YEAR ENDED: DECEMBER 31, 2007
FORM 990-PF
Federal Footnotes
Grants Paid & Approved:
STATEMENT 21
All of the grantees shown on the attached statement of grants are exempt under the Internal Revenue Code (IRC) Section SOl(c) (3), and have the status of public charities within the meaning of IRC Section 509(A) (1) or (2}.
STATEMENT 21
SARAH SCAIFE FOUNDATION INCORPORATED
SCHEDULE OF GRANTS AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2007
Payable, 1l1lQ7·12Q1QZ Payable, 12131/06 Approved eaa 12131Q7
Acton Institute for the Study of Relgion and L.Jberl¥, Grand Rapids, Michigan Project support . $ 50,000 $ 50,000 $
~ tnstilut8 for Public Polk:y, Pittsburgh, Pennsytvania General opetBti i(I support 125,000 125,000
American Academy for Uberal Edi IC8tion.
W88hington. D.C. General oped i9 support 50,000 50,000
Amertcan Bar Assodatton Fund for JusUce and Education, Chicago, 411nc11 8'anding Committee on Law and National Security 85,000 130,000 130,000 65,000
American Civil Rights Institute. Sacramento, C8llfomia
General opetatiltg support 200,000 200,000
Amelican Councl of Trusteei anclAlumnt. WashlnglDn, D.C. General operating support 50,000 50,000
American Enterprise Institute for Public Poley Research, Washington, D.C. Program support 200,000 200,000 Shadow Flnanclal Regulatory
Committee 25,000 25,000 Project support 350,000 200,-000 150,000
American Fcnign Polley Council, WashJngton, O.C. General operating support 150,000 150,000
America's Future Foundation, WashJngton, D.C. General operating support 50,000 50,000
STATEMENT 22
SARAH SCAIFE FOUNDATION INCORPORATED
SCHEDULE OF GRANTS AS OF ANO FOR THE YEAR ENDED DECEMBER 31, 2007
Payable, 1l1t01 -1~1mz Payable, 12/31/06 Approved f!!1 12131/07
Ametica's SuMvel, Inc., OWings,Matytand Program support $ - $ 60,000$ 60,000 $
Atlantic Legal Foundation, New Yen, New York General opeiatil tg suPf)O!t 100,000 100,000
Adas Econormc Research FoundaUon, Mr ,gton. Vaginla General operating and ptogram support 200,000 100,000 100,000
Boston Urdwnlty, Boaton,MasaachU88tlB
Institute for the Study of Conflict. Ideology and Policy 44,500 44,500
capitaJ Research Center, Washln910n, D.C. General operating support 250,000 250,000
Carnegie Mellon UnM!N'Slty, Pi\tsbUrgh,Pennsytvania Gallliot Center for Public PoDcy 75,000 150,000 150,000 75,000 Project support 75,000 75,000
Center for Equal Opportunity, Sterting, Virginia Genera) ope,atitag support 75,000 75,000
Center for lmmJgration StudMtS, Inc., VVashlngton,D.C. General operating support 150,000 150,000
Center for 1ndMduaJ Rights, VVashingtDn, o.c. General opetatirtg support 150,000 150,000
Center for Secur1ty PolJcy, Inc., Washington, O.C. General operating support 300,000 300,000
STATEMENT 22
SARAH SCAIFE FOUNDATION INCORPORATED
SCHEDULE OF GRANTS AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2007
Payable, j/1lQ7 -12Q1QZ Payable, 12131/06 Appr2(!d amt 32131/QZ
Center for S1rateglc and lntema1lonal Studies, Inc., Washington, D.C. Senior Advisor Post and p,oJec:t support $ 185,000 S 350,000 S 385,000 $ 150,000
Center for the Study of the Presidency, Washington, o.c.
Prog,m n and project support 75,000 150,000 150,000 75,000
Ctaremont Institute for the Study of StatasmanshJp and Polltica1 Phtlosophy, Claremont, CaHfomla General oper&Ung, program and Washington Felow support 400,000 200,000 200,000
Collegiate N~ tnc., Wilmb .gtr,n, Oelawate General opet atlng support 140,000 140,000 National Security Program 50,000 100,000 50,000 100,000 p,otess;onal Joumalsm Fellowships 100,000 100,000
Committee f9r' a Constructtve Tomorrow, WashJn9tOn, O.C. G8I send operating support 200,000 100,000 100,000
The Commonwealth Foundation for Public Poffcy Altsmattves, Harrisbufg,Pennsytvanla General ope, atil 19 support 140,000 140,000
Competitive EnterpriSe Institute, Washfngton, o.c. General operating support 150,000 75,000 75,000 Project support 200,000 200,000
David Horowftz Freedom Center, Los Angeles, C8lfomla General operating support 150,000 300,000 300,000 150,000
Environmental Literacy Counclf, Washington, D.C. General operating support 75,000 75,000
STATEMENT 22
'
SARAH SCAIFE FOUNDATION INCORPORATED
SCHEDULE OF GRANTS AS OF ANO FOR THE YEAR ENDED DECEMBER 31, 2007
EthJcs and Public Po0cy Center, Inc., Washington, D.C. General operating and program support S
The Federalist Society for Law & Public Poley Studies. Washington, D.C. General opetath 1g and progt arn support
Fedelation for Amet1can lmmlg,ation Reform, Washington, o.c. JmmJgration Retonn Law Institute
Fon,lgn Policy Research Institute, ?taladelphla. PennsytvanJa General operating support
The Foundation EndOwment. Alexandria, VsglnJa General operating support
Foundation for Cafifomia Untversity of Pennsylvan1a, Callfcmia, PennsyMlnla Go\Wnment A{1eney Coordination Office
Foundation for CUiturai Review, Inc., New YOffc, New Yorlt General operating support
F<Uldation for tndMduaf Rights In Educallon, Inc.,
Phlladelphia, Pennsytvania General operating support
Foundation for Research on Economics and the enwonment. Bozeman,Montana General operating support
Payable, 1/1/QZ -1?}31 /07 12131/06 App,pved .ful
• S 175,000 $ 175,000 $
50,000 .; 50,000
325,000 200,000
50,000 50,000
35,000 35,000
75,000 75,000
125,000 125,000
260,000 260,000
125,000 125,000
50,000 50,000
125,000
STATEMENT 2 2
SARAH SCAIFE FOUNDATION INCORPORATED . . SCHEDULE OF GRANTS AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2007
Payable, ll1lQZ ·12131lQZ Payable, 12/31106 Approved ~ 12131/QZ
Four.dation for Teaching Ecot IOf1llcs, Davis. California Program support $ . $ 30,000 $ 30,000 $
Foundation for the Defense of Oemoaacles, Inc., Washlngtcn, O.C. Project support 250,000 250,000
Free Congress Research and Educaticn Foundation,· Washington. O.C. General opet atb 19 and program support 475,000 250,000 225,000
Freedom House, Inc., WashlnglDn, O.C. · Center for Reflglous Freedom • 140,000 (140,000)
FreedomWorka Foundation, WashlnglDn, D.C.
General operating and project support 200,000 200,000
Galen lnstttuta, tnc., Alexandria, Virginia
General operating support . 50,000 50,000
Georve c. Marshall Jostttute. Washington, D.C. General operating support 155,000 155,000
George Mason UnJverstty Foundation. Inc., Fairfax, Virginia
Law and Economics Center 200,000 200,000
Heritage Foundation. Washington, O.C. General operating support 800,000 400,000 400,000
High Frontier, Alexandria. Vugmla
Program support 50,000 125,000 115,000 60,000
STATEMENT 22
SARAH SCAIFE FOUNDATION INCORPORATED
SCHEDULE OF GRANTS AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2007
Payable, 1(1/07 -12131/07 12/31/D8 Approved f!1!1
Hudson Institute, Inc., Washington, D.C.
Payable, 12fJ1lQ7
Center for Religious Freedom • $ . $ 140,000 $ 140,000 $ Project for CMI Justice Reform and International Rellglous Liberty 150,000 150,000
Project auppo,t 50,000 50,000
The Human Rights Foundation, New York, New York General operating support 100,000 100,000
Independent Women's Forum. Washington. D.C.
Genelal ope,atiig support 100,000 100,000
Institute for Foreign Polley Analyals, Inc., cambrtdge,MassachUSetta Ecoi t0rnlc Security Program 160,000 160,000 General operating support 475,000 475,000 Project support 75,000 75,000
Institute for Health Freedom, Washingtun, D.C.
General operating support 100,000 200,000 200,000 100,000
lnstilUte for Humane Studies, Aril,gta .. VlrgJma General opeaati 19 support 50,000 50,000
Institute for Justice, Via$hington,D.C. General operating support 115,000 115,000
Institute for Research on the Ec:onornJcs of T.a>Clltb 1, Washington. O.C. Getteral operating and program support 150,000 150,000
The Institute of the NCf1h, Anchorage,AJaska National Defense and Security Program 315.000 160,000 155,000
STATEMENT 22
SARAH .SCAIFE FOUNDATION INCORPORATED
SCHEDULE OF GRANTS AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2007
Payable, j/1J07 -l2Q1l.QZ Payable, 12131/06 Apprpyed fl!t 12/31/QZ
The Institute on Religion and Publlc Ufa, Inc., New York, New York General operating and publJcation support $ - $ 100,000 $ 100,000 $
lntercollegJate Studies Institute, Inc., Wiimington, OelaW8r8 CMc Uteracy Project 100,000 100,000 General operating support 350,000 175,000 175,000
lntemafiol aaf Policy Network US. Inc., WashJngton, D.C. General opotatil 19 support 50,000 50,000
Jamestown Foundation, W8shlngton. D.C. Genef8I operatJng support 145,000 75,000 70,000
Johns Hopkins Untversity, Washington, D.C. The Psuf Nltztt Schoof of Advanced ·~Studies 187,000 187,000
JudJcial watch, Inc., WeshingtDn, o.c. General~ support 250,000 125,000 125,000
Landmark Legal Foundation, Kansas City, MJ8souri General ~g support 400,000 325,000 75,000
Latrobe /vea Hospital Charltabkt Foundation, Latrobe, pennsytvanJa Program support 150,000 150,000
Ligonier Valley School Oistrfct, Ligonier, Pennsylvania Chnstmas ~ prt)9l"8ffl 7,500 7,500
The Maldon tnstitUte. Baltimore, Maryland
General operating support 24~.ooo 484,000 484,000 242,000
STATEMENT 22
SARAH SCAIFE FOUNDATION INCORPORATED
SCHEDULE-OF GRANTS AS OF ANO FOR THE YEAR ENDED DECEMBER 31, 2007
Manhattan Institute for Polley Research, Inc., New York. New York
Payable, 1/1/07 -12131/07 12/31/06 Apprqyed f!!i
Payable, 12/31/QZ
General operating and publication support $ - $ 200,000 $ 200,000 $
Project support
Media Researt:h Center, Alexandria. Virginia General operating support
MercabJ8 Center, Inc., Fairfax, Virginia General operating support
Michigan State UnJversity, East Lansing, Mic:higan Program support
Mount Vernon Ladies Association of the Union, Mount Vernon, Virginia Project support
National Association of Scholars, Inc., Princeton, New Jersey General operating support
National Center for Policy Analysia, Dalas, Texas General operating support
NatiOnal Center for Pubic PoDcy Research, Inc., Washington. D.C. Program support
National Institute for Public Policy, Fairfax, Vitglnta
Program support
National Taxpayer& Union Foundation, Alexandria. Virginia Congresslonal Budget Tracking System
40,000 40,000
150,000 350.000 325,000 175,000
.80,000 80,000
100,000 .100,000
150,000 75,000 75.000
250,000 25Q,000
125,000 125,000
50,000 50,000
200.00Q 200,000
75,000 75,000
STATEMENT 22
S~ SCAIFE FOUNDATION INCORPORATED
SCHEDULE OF GRANTS _ . · AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2007
Payable, · 1l11Q7-12131J07 ~ 12131/07
New England Legal Foundation, Boston. MassachU88U8 General operating support
Number&USA Education and Research Foundation, Arington, Vll;irda Project support
Padfic Legal Foundation. Sacramento, California General ope,ating support
Pacfflc Research JnstltutB for Public Polic,y, San Francisco, California General ope,atil 19 support
Phlladelphla Society, Jerome,MichJgan
Gene,aJ opetafllg support
Phllanlhr'op'/ Roundtable, Washlngmn. D.C.
Prcgram support
Phipps Conservatory and BotanJcaf Gardens, Inc., Plttsburgh,Pennsytvanla Campaign 2000
Pittsburgh History end Landmarki Foundation. Pltsburgh,Pennsytvania Community redevelopment
PrincelDn Unlvel3ly. PrWlCetOI&. New Jerfffl'/
James Madison Program In American Ideals and lnstttutiona
Reason Four.dation, Los Angeles, Cafffomia General ope,ating support
$
12/31/06 Approved fi!!:!
- $ 60,000 $ 60,000 $
50,000 50,000
175,000 175,000
200,000 200,000
15,000 15,000
10,000 10,000
1,250,000 1,000,000 250,000
500,000 500,000
75,000 75,.000
125,000 125,000
STATEMENT 22
SARAH SCAIFE FOUNDATION INCORPORATED
SCHEDULE OF GRANTS AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2007
Payable. 1/jlQZ -12Q1QZ Payable. 12/31I06 Am>rJr«g El!i 12131/07
Saint Vincent College, Latrobe. Pennsytvania Center for Polltical and Economic Thought $ . s 35,000 $ 35,000 $
Social Philosophy and Polk:y Foundalion. BcMlir,,g Green, Ohio Social PhlJosophy and Policy Center 625,000 625,000
Southeastem Legal Foundation, Inc., Atlanta. Georgia
General operating support 75,000 75,000
Southwest MIAoUrl Stats Urwenslty Foundalk>n. Spr'lilgfield, Mis8our1 Department of Defense and Strategic StudJes 150,000 150,000
Stanfon:f University, Hoover Institution on War, Revolution and Peace, Stanford., CaJifomla Bookpojeet 200,000 200,000 Research programs and Hoover Feflaw support 200,000 450,000 425,000 225,000
Statistical Assessment Service, WashlngtDn. O.C. General ~ng support 100,000 100,000
StudentNewsDaly.com, Inc., Old Bridge. New Jersey General operating support 15,000 15,000
Tax Foundation, WashingtDn. O.C. General operating and project support 100,000 100,000
Tufts University, Medford, Msssachuaetts The Ftetcher School of Law and Oiplomacy 150,000 300,000 300,000 150,000
STATEMENT 22
SARAH SCAIFE FOUNDATION INCORPORATED
SCHEDULE OF GRANTS AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2007
Payable, 111101 -12131/0Z 12/31/06 Apprqyed fut
The Univefdy of Chicago. Chk:ag0 1 llllnols
Payable, 12/316)7
George J. Stigler Center for the S1udy of the Economy and the State $ • $ 50,000 $ 50,000 $
Law and Economics Program 75,000 150,000 150,000 75,000
UniYer&fty of Kentucky, Lexi lgtDI .. Kentucky Prog,a11·in Quality, Safety and Patient RJghtll
u~ or VJrgtnla Law SchOol FoundatlorJ. Chark>tteeVile, Vuginla Center for NatiOn8I Security Law
USS Constitution Museum Foundation. Inc., Boston. Massachusetts PiUsburgh EducStionaf Outreach Program
\llctimS of Communism Memortaf Foundatk>n.tnc., -Washington, D.C. Memorial Oed)cation .
World Affairs Coundl of PittsbufVh, Pittsburgh, Pennsytvania Teacher-Student Educationaf Projects
Total
100,000 100,000
350,000 350,000
10,000 10,000
25,000 25,000
75,000 --7~5."ll.:OOQ-. -------
I 3.32§.500 5 1e.22e,soo s 11.113.oog f 4.442.ooo
STATEMENT 22
SARAH SCAIFE FOUNDATION INCORPORATED EIN: 25-1113452 YEAR ENDED: DECEMBER 31, 2007
FORM 990-PF
Federal Footnotes
Allocation of Expenses in Part I:
STATEMENT 23
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 the nature of services performed for the Foundation. All other expenses are pro-rated based on the salary expense and the Foundation's estimates, with the exception of investment expenses, which are directly related to producing income.
STATEMENT 23
IMWt SCAIA: FOUNOAnoN INCORPOMTED
SCHEOUlE OF GAINS (l.08868) FOR TAX ON IHYE8TMENT INCOME FOR 'nfE YEAR ENDE'> oeceNBER 31 .-,
(1) (b) (G) (d) (e) (f) (h) (Q G) (kl (I) "(m) l.Gllff fr1lftl
How coat or '*Marbl cdaftnG)
~of Acquired Groll OU-Ball Valueuof andc,IN P.PU1tt1111 Dile OlteSotfl 8alel lfld EJiplnH Gdl(laill) Dlalm'* ~ Eataot(D <--<'>
~ Qncrfotlan D-Oanated Acaulced Mlfllmd Nia afSm en-Cb> S1,1POR tfMlBp mt.00 owrm1
Securtly AlberbCuhlf Co. p OM>7J05 ma,,07 • 932,AM 1,4'04,022 (471.538) NIA NIA NIA s (471,531)
88Qlf1ty AMGEN, Inc. p OMlWS rtll27/07 1,597.074 348.430 1).48,844 NIA NIA NIA 1.241,844
Secultly Brfatol U,.r. Squibb Co. p 03110I03 mtn/01 2.274,949 1,949,ffl 325,370 NIA NIA NIA 321,370
Sec:u,tty Intel CClfp. p 02123195 02/27/07 3,049,491 748,4113 2.299,9111 NIA NIA NIA 2.289,998 OWTJVS
Secwfly Merril L,nctl 6 Co,. p 12121198 02/'l'l/01 1,174,798 411,708 893.090 NIA NIA NIA 693,090 Inc.
89Qll1ly Plyd'teXklc. p 12/22A)3 02JZ1/01 1,123,713 1,000.217 123,498 NIA N.IA NIA 123,499
~ saar 8uUly eo., inc. p OWIOI02 02127/ff1 310,088 122.111 (191,751) NIA N.IA N.IA (111,761)
Secuf1lY 8outllem Co. p 0!5IOlV02 C12J'D/01 2,011,3M 1,574,SIOe 43&,452 NIA NIA WA 438,.SZ
03ft(W3
8«ldy HaMni UfMlllY p OIS/18.402 CMl1MJ7 1,000,000 1,017,182 (77,182) NIA NIA NIA (77,182)
Secully Kraft Foodl. Inc. p 10/21182 04IZW7 12 1 e NIA NfA NIA 5
~ FPL On,up. Inc. p 10I07188 04l2&t1 818,154 111,.cea M4.488 NIA NIA NIA 344,.ae
10l2IWI
8curlly Bloldl1dge Flnandal p 10/03IU0 0&119/11'/ 429,eel '30,251 <• NIA NIA NIA (595)
8olUllanl 01131A>1 0Sf1Ml2 OY1CW3
8ecufy ClnlaCDrp. p G31D7195 CJ11118/07 2,310,17-4 1,G>.203 799,371 NIA NIA NIA 790,371
{/) CJlW8ID5 ~ 12'22m
i ~ FPL Croup, IM p 10l2BIDS OS/18'07 818.112 184,344 431,831 NIA NIA NIA 431,838
! N ,,:,,.
IARAH SCAln. FOUNOA110N INCORPOIIAT!D
SCHEOUI..E OF GAINS (LOSSES) FOR TAX ON IHVE81'MENT INCOME FOR.TtfE YEAR ENDED sgeyam ;,1, 2QIU .
<•> (b) (C) (d) <•> (1) (Ol (h) (I) (I) .00 , (I) l.ol111fram
How Caito, FalrMacttel cotumnO)
KhJof Acquired OU.Bull Value11ol
~ P.Purchae Oat. DlttlSotd 0n,a, Ind~ Gatn(loa) Oecemblr AdlUlted &pense of G)
lndgalnt
ONctloUon O-Oonated Amukid Maknd ~ al.Sale ffilmlhl (IIDlll(I)
31.1989 Coat Ball mtAl CMWm}
Security Kraft Fooda, Inc. p 1<Y12182 OS,18'07 7,012,284 2,388,813 4,fS21S,,.,51 NIA NIA NIA 4,821,461 10/12101 111011D2 10/14'03
~Iffy Lit Clal:lame, Inc. p 03/13'03 0!111M>7 1,175,839 992.94 183.2U NIA NIA NIA 183,285
Security Marshal & Hally Corp. p OIWTIOS 0511Ml7 1,71!,&64 1,530,128 185,435 NIA NIA NIA 185,'35
Seau,tty Manti Lynch & Co., p 10/'25'a5 C)511MJ7 1,291,eea 311.l508 843,180 NIA NIA NIA 943,180
Inc. 1~
S.Ully Stryker Cofp. p ar.aws os,ta,t:,7 2,371,897 1,803,0U 888,812 NIA NIA NIA 891,812
8l22I08
a.cudty Marth91 & Ilsley Corp. p 02.l231D9 0!11181DT 1,712,949 1,430,11&7 281,982 NIA NIA NIA 281,952
0&1>7IOIS
Stc!Ufly NWIMffl lffV'lltlMntl. Ina. p CJ&f1Ml8 0912~7 i21,7!0 880,248 241.!()4 NIA NIA NIA 241,904
Seautfy NIMiln lrlVllltmentl, Inc. p OMQI08 09/2,WJ 817,080 498.847 171.233 NIA NIA NIA 178,233
8IIMlty 8Y600Cotp. p 01127Jb1 09,W07 IS81,2DO 713,SU 147,847 WA NIA NIA 147,947
Seeudly SYSCO COip. p 08127AJ1 09l'lAI07 859,880 713,343 148,517 WA NIA NIA 148,IS17
Smarty Amgen,lnc. p 1M0.'08 ~7 1,788,954 447,fS27 1,310,327 NIA NIA NIA 1,310,327
s-..liy Cbnn)n OcMpundlon p 10l12m1 0912M17 2,433,m 1,201,001 1,2SZ.372 NIA NIA NIA 1,232,372
8-.tty ~.Inc. p 0912QI05 0912Ml7 384,380 351,117 32,583 NIA NIA NIA 32.883
en Se'CldV ~Cos.Inc. p 11122J05 0912!1D7 1,993,452 2.163.144 (189,892) NIA NIA NIA (189,892) ,,
:i:,
~ ~
! N ,a:.
IARAH ICAIPE FOUNDA110N IHCORPORA1'ED
SCHEDULE OF GAINS (l.OSSES) FOR TAX OH INVESTMENT INCOME B1RJHE YEAR ENDED DE<cJ!MBffl 31, 20Q7
(1)
l<lndof PIPPO~
Seaurlly
Securly
81CUtfly
8ecully
Seaatly
Seawlly
Cl.I
~
I t\) ,I:.
(b) (c)
How Acqund
P.Puldwe Dlaq1glkzo Qi)gnlted
Nuveen lnwatmenll, Inc. p
Omlncam Gleup, Inc. p
PIOdar & Gamble Oo. p
lntemaUanat Butlne11 p Madllnel, lnc.
Unlllldhalth Grvup, lrtc. p
American~ Co. p
(cl)
Dale AmUJrld
05119'08
12fl2A>3
09f10I02
03121185 1Q.f1..,,3
O!l1CW4
O!ll1M>O 1CW3IOO 0113!,01
Tcul
(e)
Oate/Sold Mahgd
09flM>7
09l2MJ1
09l2MJ7
11/21,01
11/21,07
11121"'17
r
(f) (g) (h) (I) 0) (k) (Q Lot111fnlm CdlumllG)
OthlrBula Valulasof andgalnl GIUla and~ Gttl (lou) o.c.mblr AdlUlted EJlpenH of 0) (ama (Q
e••PA q(-fflMt•(b) 31,lffl ca,tBMII antOO mum 1,838,895 1,380,482 478,183 NIA NIA NIA 478.183
823,738 ~.485 70,261 NIA NIA NIA 70.251
1,471,280 989,948 801,332 NIA NIA NIA 501,332
4J$t,7JJ57 3.885.02'0 ffl.837 NIA NIA NIA 972,837
3,394,1588 1,980,.C55 1,414,233 NIA NIA NIA 1,414,231
2.21uoa 1JPZ,Q31 418,m NIA NIA NIA 418,W
S 58,763.13e I 39.981,302 I 19,773.ffl NIA NIA NIA S19.ffl.77J