sarah scaife foundation 251113452 2010 072958c6searchable

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

Treated as a Private Foundation

OMB No 1545-0052

Departrflent of the Treasury Internal Revenue SeMce Note. The foundation ma be able to use a co of this return to sat1sf state re ortin re u1rements ~@10 For calendar vear 2010, or tax vear beciinninci , 2010, and ending , 20

G Check all that apply. H Initial return

Amended return

LJ Initial return of a former public charity LJ Final return n Address change n Name change

Name of foundation A Employer 1dent1ficat1on number

SARAH SCAIFE FOUNDATION INCORPORATED 25-1113452 Number and street (or P O box number ,t ma1l 1s not delivered to street address)

301 GRANT STREET Room/suite B Telephone number (see page 10 of lhe instructions)

ONE OXFORD CENTRE 3900 City or town, state, and ZIP code

PITTSBURGH, PA 15219

H Check type of organization l.!J Section 501 (cl@_) exempt private foundation

(412) 392-2900 C If exemption apphcat1on 1s

pending, check here • • • • • •

D 1 Foreign organrzat,ons, check here

2 Foreign organrzat1ons meeting the 85% test, check here and attach computat1on • • • • • • • • n Section 4947(a)(1) nonexemot charitable trust J J Other taxable orivate foundation

LJ E If private foundation status was tenmnated D

I Fair market value of all assets at end J Accounting method·~ Cash Accrual under section 507(b)(1)(A), check here • ~ of year (from Part II, col (c), /me D Other (specify)---------------------- F 16) ~ $ 2 55, 54 0, 3 8 6. (Part I, column (d) must be on cash basis)

l:F.1••• Analysis of Revenue and Expenses (The total of amounts m columns {b), (c), and (d) may not necessarily equal the amounts m column (a) (see paae 11 of the mstruct,ons) )

2 6 Total exnenses and disbursements Add Imes 24 and 25

27 Subtract line 26 from line 12

(a) Revenue and expenses per

books

0

(b) Net investment income

If the foundation IS 1n a 60-monlh lermmat1on n under section 507(b)(1)(B), check here • ~

(c) Adjusted net income

(d) Disbursements for charitable

purposes (cash basis onlv)

a Excess of revenue over expenses and disbursements • • f---------t---::--:--=-:=:-::-:-:--:-t---------t---------14,370,439 b Net investment income (11 negative, enter -0-)

c Adjusted net income (11 neaat1ve, enter -0-) ••

For Paperwork Reduction Act Notice, see page 30 of the instructions OEl4 IOl00077270J 700P 5/4/2011 4:00:05 PM v 10-6

* ATCH 5 JSA

0.

** ATCH 6 Form 990-PF (2010) C':l_ *** ATCH 2~f L\ PAGE)D--....,,

Form990-PF(20fO) 25-1113452

1111111 Attached schedules and amounts 1n the Beginning of year End of year

Balance Sheets description column should be for end-of-year amounts only (See 1nstruct1ons ) (a) Book Value (b) Book Value

1 Cash - non-interest-bearing . 36,023. 35,605.

2 Savings and temporary cash investments • 7,857,299. 8,484,523.

3 Accounts receivable~----------------------- "-------4----- ---- --- -- . - . - --- -·

Less allowance for doubtful accounts ~ -------------4 Pledges receivable ~ ------------------------ ----_ __._ ------ -- - --- -- ------------- .. - --

Less allowance for doubtful accounts ~ -------------5 Grants receivable

6 Receivables due from officers, directors, trustees, and other

d1squahf1ed persons (attach schedule) (see page 15 of the instructions)

7 Other notes and loans receivable (attach schedule) ~ _____ ----- ---------- -- ---- --- ----- ----~ Less· allowance for doubtful accounts ~ -------------

II) 8 Inventories for sale or use ai 9 Prepaid expenses and deferred charges • .1\"J:~a . a 7,793. 7,886 . II) II)

1 O a ** 30,829,545. 23,803,598. < Investments - U S and state government obligations (attach schedule),

b Investments - corporate stock (attach schedule) J\T.~& ·1.0. 126,231,683. 131,029,569.

c Investments - corporate bonds (attach schedule).~~GIJ • ], ], 2,844,574. 5,091,690. 11 Investments - land, buddings, ~ and equipment basis ------------------ ------ ---~----- ---- ---

Less accumulated deprec1at1on ~ (attach schedule) - - -- - - -- - - - - -------

12 Investments - mortgage loans . . . . . .. 13 Investments - other (attach schedule) ••••• ~';i'~.!I .. 1~. 14,854,229. 12,533,157. 14 Lan~, bu1ld1ngs, and ~ A TCH 12A 8 3 3, 4 61 . ' if ,

equ pment basis __________________ -"'~"------- _....._ __ ,...._ __ ~_ ~------~ _...,- ---- ------ ;,;:

Less accumulated deprec1at1on ~ A TCH 12A 8 2 6, 2 61 . (attach schedule) - -- - --- - --- - --- - - - - -

785. 7,200.

15 Other assets (describe ~ ____________________ )

16 Total assets (to be completed by all filers - see the instructions. Also, see page 1, item I) • 182,661,931. 180,993,228.

17 Accounts payable and accrued expenses

18 Grants payable 8,530,000. 7,957,500. II) 19 Deferred revenue

E 20 Loans from officers, directors, trustees, and other disqualified persons :c 21 Mortgages and other notes payable (attach schedule) • ra :i 22 Other l1ab1l1t1es (descnbe ~ ___________________ )

23 Total liabilities (add lines 17 through 22) • 8,530,000. 7,957,500.

Foundations that follow SFAS 117, check here ~~ and complete lines 24 through 26 and lines 30 and 31.

II) 174,131,931. 173,035,728. Cl) 24 Unrestricted • CJ c:

25 Temporarily restricted ra ia

26 Permanently restncted • Ill ,::,

Foundations that do not follow SFAS 117, c: ~o ::I check here and complete lines 27 through 31. LL

0 27 Capital stock, trust principal, or current funds • II)

28 Pa1d-m or capital surplus, or land, bldg . and equipment fund ai ::l 29 Retained earnings, accumulated income, endowment, or other funds • < 30 Total net assets - or fund balances (see page 17 of the Cl) 174,131,931. 173,035,728. z instructions) •

31 Total liabilities and net assets/fund balances (see page 17

of the instructions) . 182,661,931. 180,993,228. I: F.Til.111 Analysis of Chanaes in Net Assets or Fund Balances 1 Total net assets or fund balances at beginning of year - Part II, column {a), lme 30 {must agree with

end-of-year figure reported on pnor year's return) •

2 Enter amount from Part I, line 27a

3 Other increases not included m line 2 {itemize) ~ ATTACHMENT 13 -------------------------------------4 Add Imes 1, 2, and 3 5 Decreases not included m line 2 {1tem1ze) ~

6 Total net assets or fund balances at end of vear (line 4 minus line Sl - Part II, column (bl, line 30 . **ATCH 9

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1

2

3 4

5

6

(c) Fair Market Value

35,605 8,484,523

-- - -- --- - ______ J

... --___________ J

I ---- ---- -- _-2._ ___ J

7,886 24,231,537

202,878,084 5,125,466

----- _____ ,_J

14,770,085

------- 4 ___ _j_J 7,200

255,540,386

H 1

t '. 1

l ! I

174,131,931 -1,136,932

40,729 173,035,728

173, 035, 728 Form 990-PF (2010)

PAGE 2

Form 990-PF (2010) 25-1113452 l:r. Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e g . real estate, {D) How (c) Date id) Date sold acquired acquired P-Purchase mo, day, yr) 2-story brick warehouse, or common stock, 200 shs MLC Co ) O-Onnat1on (mo . day, yr )

1a SEE ATTACHMENT 2z--- -

b

c d

e

(e) Gross sales price (t) Deprec1at1on allowed (g) Cost or other basis (h) Gain or (loss) (or allowable) plus expense of sale (e) plus (f) minus (g)

a

b

c d

e Complete only for assets showing gain 1n column (h) and owned by the foundation on 12/31/69 (I) Gains (Col (h) gain minus

(1)F M V as of 12/31/69 0) Adjusted basis (k) Excess of col (1) col (k), but not less than -0-) or as of 12/31/69 over col (J), 1f 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, hne 7 } If (loss), enter -0- in Part I, hne 7 2 6,967,719.

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 1nstruct1ons) } If (loss), enter -0- 1n Part I, hne 8 .•....•..•...•••............... ... 3 ·~·~··-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 1n the base period? If "Yes," the foundation does not qualify under section 4940(e) Do not complete this part

0Yes[8]No

1 E h . t t h I f h 18 f h b f k nter t e appropria e amoun in eac coumn or eac year, see page o t e instructions e ore ma 1ng any entries (a) (b) (c) (d)

Base penod years D1stnbuUon rabo Calendar year (or tax year beg1nmng in) Adjusted qualifying d1stnbut1ons Net value of nonchantable-use assets (col (b) dlVlded by col (c))

2009 15,829,884. 222,911,082. 0.071014

2008 17,907,507. 273,355,399. 0.065510

2007 18,576,842. 308,584,077. 0.060200

2006 17,204,970. 288, 509, 138. 0.059634

2005 17,313,089. 286,448,540. 0.060440

2 Total of line 1, column (d) 2 0.316798 ..................................... 3 Average d1stnbut1on ratio for the 5-year base period - d1v1de the total on line 2 by 5, or by the

number of years the foundation has been in e><1stence if less than 5 years .......... 3 0.063360

4 Enter the net value of noncharitable-use assets for 2010 from Part X, hne 5 4 238,028,993. ..........

5 Multiply line 4 by line 3 5 15,081,517. ................... . . . . . . . . . . . . . . . . . . .

6 Enter 1 % of net investment income (1 % of Part I, hne 27b). 6 143,704. ...................

7 Add lines 5 and 6 7 15,225,221. ................. . . . . . . . . . . . . . . . . . . . . . . . .

8 Enter qualifying d1stribut1ons from Part XII, hne 4 . 8 15,944,875. ........................ If line 8 1s equal to or greater than line 7, check the box in Part VI, line 1 b, and complete that part using a 1% tax rate See the Part VI instructions on page 18

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Form 990-PF (201 O)

PAGE 3

Form 990-PF (2010) 25-1113452

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948 - see page 18 of the instructions)

Date of ruling or determination letter ____________ (attach copy of ruling letter 1f necessary - see instructions) . ____ .

• b Domestic foundations that meet the section 4940(e) requirements 1n Part V, check t--c.1--i ______ 1_4_-_3_;_,,7_0_4___,:·

1 a Exempt operating foundations descnbed m section 4940(d)(2), check here ~ LJ and enter "N/A" on hne 1 ••• }

here ~ [KJ and enter 1 % of Part I, hne 27b • • . • • • • • • • • • • • • . • • • • • . • • . . • • ' I c All other domestic foundations enter 2% of line 27b Exempt foreign organ1zat1ons enter 4% of ____ ------,·---------- .. J

Part I, hne 12, col (b)

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

Add lines 1 and 2

Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only Others enter -0-)

Tax based on investment income. Subtract hne 4 from hne 3 If zero or less, enter -O

2

3 143,704. 4 0.

5 143,704.

2

3

4

5

6 Cred1ts/Payments·

a 2010 estimated tax payments and 2009 overpayment credited to 2010.

b Exempt foreign organizat1ons-tax withheld at source •• :: 138,2,:: . . . .. : I

0. ' 'i c Tax paid with appllcat1on for extension of time to file (Form 8868).

d Backup withholding erroneously withheld • • • •• :=:::::====================-·--1·-_:_. __ , ____ ~l 7

8

9

Total credits and payments Add lines 6a through 6d • • • ••••••••••••.•••

Enter any penalty for underpayment of estimated tax. Check here [TI 1f Form 2220 1s attached

Tax due. If the total of hnes 5 and 8 1s more than hne 7, enter amount owed

7

8

~ 9

~ 10 1 O Overpayment. If hne 7 1s more than the total of lines 5 and 8, enter the amount overpaid 11 Enter the amount of line 10 to be Credited to 2011 estimated tax~ 0 : Refunded ~ 11

•:r.1·-"'••• Statements Regarding Activities 1 a During the tax year, did the foundation attempt to influence any national, state, or local leg1slat1on or did 11

part1c1pate or intervene in any poht1cal campaign? • • • • • • • • • • • •

b Did 11 spend more than $100 during the year (either directly or indirectly) for pol1t1cal purposes (see page 19

of the instructions for def1nit1on)? • • • • • • • • • • • • • • • •••

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 m connection with the activities.

138,231.

5,473.

Yes No

1a x

1b x

x c Did the foundation file Form 1120-POL for this year? 1c • • • • . • • • • • ••••••••• t--'-"-+---+---

2

3

d Enter the amount (1f any) of tax on poht1cal expenditures (section 4955) imposed during the year

(1) On the foundation ~ $ (2) On foundation managers ~ $ __________ _

e Enter the reimbursement (1f any) paid by the foundation during the year for pol1t1cal expenditure tax imposed

on foundation managers ~ $ ____________ _

Has the foundation engaged in any act1v1t1es that have not preVJously been reported to the IRS?

If "Yes," attach a detailed description of the act1v1t1es

Has the foundation made any changes, not previously reported to the IRS, 1n its governing instrument, articles of

incorporation, or bylaws, or other s1m1lar instruments? If "Yes,• attach a conformed copy of the changes •

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

b If "Yes," has 1t filed a tax return on Form 990-T for this year? • • • • • ••

5 Was there a hqu1dat1on, termination, d1ssolut1on, or substantial contraction during the year?

If "Yes," attach the statement reqwred by General Instruction T

6 Are the requirements of section 508(e) (relating to sections 4941 through 4945) sat1sf1ed either

• By language in the governing instrument, or

• By state leg1slat1on that effectively amends the governing instrument so that no mandatory d1rect1ons that

conflict with the state law remain in the governing instrument? • • • • • • . . • • • • • •

7 Did the foundation have at least $5,000 in assets at any time during the year? If 'Yes," complete Part II, col (c), and Part XV

Ba Enter the states to which the foundation reports or with which 1t 1s registered (see page 19 of the

' '- (, }f'i{~ i 'r ~~ /'

__ '_. ~~ ' i'j 2 x

--- ' _ _j

3 x 4a x 4b x 5 x

_____ j

6 x 7 x

instructions) ~ PA, _______________________________________________________________ _ b If the answer 1s "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney General

(or designate) of each state as required by General Instruction G? If "No," attach explanation • • . .

9 Is the foundation claiming status as a private operating foundation within the meaning of section 4942(J)(3) or

4942{])(5) for calendar year 2010 or the taxable year beginning in 2010 (see 1nstruct1ons for Part XIV on page

10

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27)? If "Yes,• complete Part XIV • • • • . • . • •

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule hstmg their names and addresses

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- ----- - - --Sb x

--- -

9 x

10 x Form 990-PF (2010)

PAGE 4

Form 990-PF (2010) 25-1113452

11

Statements Re

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 page 20 of the instructions) •••.

Did the foundation acquire a direct or indirect interest in any applicable insurance contract before

August 17, 2008?. • • • • • • • • • •••••••••••••••.•••••••••••••

11 x

12 x 13 Did the foundation comply with the public inspection requirements for its annual returns and exemption application? • • • • • ~1~3~ __ X_~-

Webs1te address ..,_ ____ NI A ________________ -----------------------------------------------------

14 The books are in care of .... SARAH_ SCAIFE_ FOUNDATION_ INC._______ Telephone no ..,_ _____ 412-3 92-2 90 0 _____ _ Located at ..,_301 _ GRANT STREET, SUITE 3900, _PITTSBURGH,_ PA-------- ZIP+ 4 ..,_ 15219 ________

11 Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF 1n lieu of Form 1041 - Check here • • • • • • • • • • • • • • • • • • ..,_ LJ

• • • • • • ..,. IL-:.1.CC..s,__ I_~~-15

and enter the amount of tax-exempt interest received or accrued during the year

16 At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority

over a bank, secunt1es, or other financial account in a foreign country? ••

See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22 1 If ''Yes," enter

the name of the foreian countrv .....

•=~:io··•ll!I:• Statements ReaardinC1 Activities for Which Form 4720 May Be Reauired

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

1 a During the year did the foundation (either directly or indirectly)·

(1) Engage in the sale or exchange, or leasing of property with a d1squalif1ed person? • • •

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept 1t from) a

d1squal1f1ed person? • • • • • • • • • •

(3) Furnish goods, services, or fac11it1es to (or accept them from) a d1squalif1ed person? ••

(4) Pay compensation to, or pay or reimburse the expenses of, a d1squalif1ed person? 1,i:q1 .1~ 8:' ~6.

(5) Transfer any income or assets to a d1squalif1ed person (or make any of either available for

the benefit or use of a d1squalif1ed person)?. • • . • • • • .

(6) Agree to pay money or property to a government off1c1al? (Exception Check "No" 1f the

OYes [!] No

~r--~·· Yes No

Yes No

0Yes [!] No

foundation agreed to make a grant to or to employ the off1c1al for a period after

termination of government sel'Vlce, 1f terminating within 90 days). • • • • • • 0 Yes [TI No

b If any answer 1s ''Yes" to 1a(1 )-(6), did any of the acts fail to qualify under the exceptions described 1n Regulations

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 201 O?. • • • • • •

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

operating foundation defined 1n section 4942(])(3) or 4942(])(5))

a At the end of tax year 2010, did the foundation have any undistributed income (lines 6d and

6e, Part XIII) for taxyear(s) beginning before 2010?. • • • • 0 Yes [!] No If "Yes," list the years ..,_ __________ , _________ , ________ , _______ _

b Are there any years listed in 2a for which the foundation 1s not applying the prov1s1ons 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 ) . . • • •

c If the prov1s1ons of section 4942(a)(2) are being applied to any of the years listed 1n 2a, list the years here

..... __________ ·--------- '-------- '--------3a Did the foundation hold more than a 2% direct or indirect interest 1n any business enterprise

at any time dunng the year? • • • • • OYes [!] No

b If "Yes," did 1t have excess business holdings in 2010 as a result of (1) any purchase by the foundation or

d1squalif1ed persons after May 26, 1969, (2) the lapse of the 5-year period (or longer period approved by the

Comm1ss1oner 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 penod? (Use Schedule C, Form 4720, to deterrmne if the

Yes No 16

" "' ,·;1 0 ,, ,. \ "' k,

\' Yes No ., ' '>,l'

/

•; ' ,,

,}.' '• >* •'

" ~ ' ;

1c x . ., :1 ,,

'"" ,;:-' t ' ,

j

l ______ __J

2b

____ ,_ foundation had excess business holdings m 2010) • . • • • • . • • • t--3_b'-t--t---

4a Did the foundation invest during the year any amount in a manner that would Jeopardize its charitable purposes? •

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 1eonardv before the first dav of the tax vear bemnmnn in 201 O? •

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4a x

---l 4b x

Form 990-PF (2010)

PAGE 5

Form990-PF(2010) 25-1113452

Statements Regarding Activities for Which Form 4720 Ma Be Required continued

5 a During the year did the foundation pay or incur any amount to (1) Carry on propaganda, or otherwise attempt to influence leg1slat1on (section 4945(e))?

(2) Influence the outcome of any spec1f1c public election (see section 4955), or to carry on,

directly or indirectly, any voter reg1strat1on drive? •••••••••••••••.•.•

(3) Provide a grant to an ind1v1dual for travel, study, or other s1m1lar purposes? •••••••

(4) Provide a grant to an organ1zat1on other than a charitable, etc, organization described in

section 509(a)(1 ), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions) •••

DYes

0Yes

DYes

[8] No

[]] No

[8] No

DYes [8J No

(5) Provide for any purpose other than relig1ous, charitable, sc1ent1f1c, literary, or educational

purposes, or for the prevention of cruelty to children or animals?. • . • • • • • • • • • • • . • • D Yes [8J No

b If any answer 1s "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 instructions)? ••••

Organizations relying on a current notice regarding disaster assistance check here. • . . • • • • • • • • • • • ~ 0 c If the answer 1s "Yes" to question 5a(4), does the foundation claim exemption from the tax

because 1t maintained expenditure respons1b11ity for the grant? • • • • • . •••••••• 0Yes DNo

If "Yes,• attach the statement requtred by Regulations section 53 4945-S(d)

6 a Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums

on a personal benefit contract?. • • • • • • • • • • • • • • • • • • • • • • • • • . • • • • • • • • D Yes C8J No

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

If "Yes" to 6b, file Form 8870

7 a At any time during the tax year, was the foundation a party to a proh1b1ted tax shelter transaction? • • D Yes [8J No

If "Yes," did the foundation receive any proceeds or have any net income attributable to the transaction? • • • • • 7 b

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 22 of the instructions).

(a) Name and address (b) Title, and average ~,} Compensation (di Contribut,ons to (e) Expense account,

hours per week ( not paid. enter employee benefil plans other allowances devoted to nos1t1on -0-\ and deferred comoensat1on

-------------------------------------ATTACHMENT 14 643,967. 91,750.

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

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

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

2 Compensation of five highest-paid employees (other than those included on line 1 - see page 23 of the instructions). If none, enter "NONE."

(a) Name and address of each employee paid more than $50,000

ATTACHMENT 15

(b) Tttle, and average hours per week

devoted to posttton (c) Compensation

186,300.

(d) Contnbultons to employee benefit

plans and deferred comoensalton

43,019.

(e) Expense account, other allowances

x

0

0.

Total number of other employees paid over $50,000 .. .... ~I NONE

Form 990-PF (2010)

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Form 990-PF(2010) 25-1113452

1QMIW1i Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees, and Contractors (continued)

.3 Five highest-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 service

ATTACHMENT 16

Total number of others receiving over $50,000 for professional services ...•..•.•....•..•••••• ~

[email protected] Summary of Direct Charitable Activities

List the foundation's four largest direct charitable act1v1Ues dunng the tax year Include relevant staUst1cal information such as the number of organ12at1ons and other benefic1anes seived, conferences convened. research papers produced. etc

1 NOT APPLICABLE

2

3

4

1::F.r.:H:f"I:• Summary of ProAram-Related Investments (see oaqe 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 NOT APPLICABLE

2

All other program-related investments See page 24 of the 1nstruct1ons

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

Total. Add lines 1 throuQh 3 .............................•.......•........ ~

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(c) CompensaUon

449,346.

NONE

Expenses

Amount

Form 990-PF (2010)

PAGE 7

Form 990-PF(2010) 25-1113452

1:1ffl£j _ Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see page 24 of the instructions.)

1 F1,11r market value of assets not used (or held for use) directly in carrying out charitable, etc., ' purposes .. -- ~

a Average monthly fair market value of securities. 1a 241,619,955. .. . . . . b Average of monthly cash balances. .. . ... 1b 33,845. . . c Fair market value of all other assets (see page 25 of the instructions) . 1c 0.

d Total (add lines 1a, b, and c) . .. . . 1d 241,653,800. . . . . . . . . . . e Reduction claimed for blockage or other factors reported on lines 1a and ", ,;:

1 c (attach detailed explanation) . . . . . . . . . . . .. I 1 e I ,: ..i:':; 2 Acquisition indebtedness applicable to line 1 assets 2 0. . . .. . . 3 Subtract line 2 from line 1 d 3 241,653,800. . . . . . . . . .. . . . . . . 4 Cash deemed held for charitable act1v1t1es Enter 1 1 /2 % of line 3 (for greater amount, see page 25 of

the instructions) 4 3,624,807. . . . . . . .. . . . . . . . . 5 Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, lme 4 5 238,028,993.

6 Minimum investment return. Enter 5% of line 5 .• , . . . . . . . . . .. . . .. . . 6 11,901,450. ·~·--.,. Distributable Amount (see page 25 of the instructions) (Section 4942(])(3) and (J)(5) private operating foundations and certain foreign organizations check here 1111- and do not complete this part.)

. . . . . . . . . . . . . . . 1 11,901,450. 1 Minimum investment return from Part X, line 6 •..........

2 a Tax on investment income for 2010 from Part VI, line 5 .....• t-,--t-,-----------

2 a 143, 704. ;;: "

b Income tax for 2010 (This does not include the tax from Part VI ) ••. c Add lines 2a and 2b

> .'); ~2_b_._ _________ --l,f'~

• . • . . • . • . . • . . • t-"'2-=-c-+-------1::-:-4 __ 3.;., ___ 7_0_4,....... 3 11,757,746. 3 Distributable amount before adjustments Subtract line 2c from line 1

4 Recoveries of amounts treated as qualifying d1stnbut1ons . . . • . . . • . • . • . • • . . . . • • . . . • ,__4 ___________ _

5 Add Imes 3 and 4 5 11,757,746. 1----1-----------

6 Deduction from distributable amount (see page 25 of the instructions) •......•..•..•..•. i--6------------7 Distributable amount as adjusted Subtract line 6 from line 5 Enter here and on Part XIII,

lme 1 7 11,757,746.

1:1ffil3ji Qualifying Distributions (see page 25 of the instructions)

1 Amounts paid (including adm1rnstrat1ve expenses) to accomplish charitable, etc, purposes ~:, a Expenses, contributions, gifts, etc - total from Part I, column (d), line 26 .•....• 1a 15,944,875. . . . . ...... b Program-related investments - total from Part IX-8 1b 0. ................... . . . . . . . . . .

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

purposes •......•.•....•••............•. 2 0. . . . . . . . . . . . . . . . . . . . . 3 Amounts set aside for spec1f1c charitable projects that satisfy the ---

a Suitability test (pnor IRS approval required) 3a 0. .......................... b Cash d1stribut1on test (attach the required schedule) 3b 0. .....................

4 Qualifying distributions. Add Imes 1 a through 3b Enter here and on Part V, hne 8, and Part XIII, hne 4 4 15,944,875.

5 Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment income Enter 1 % of Part I, line 27b (see page 26 of the 1nstruct1ons) . 5 143,704.

6 Adjusted qualifying distributions. Subtract line 5 from line 4 ........•.•.... , ....... 6 15,801,171.

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

Form 990-PF (2010)

JSA

OE 1470 1 000

77270J 700P 5/4/2011 4:00:05 PM V 10-6 PAGE 8

Form 990-PF (2010) 25-1113452

•::r.n•4'111 Undistributed Income (see page 26 of the 1nstruct1ons)

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

1 Distributable amount for 2010 from Part XI, 1-----C_o_r.:...p_us ___ -+_Y_ea_r_s_;p_r_1o_r_t_o_2_0_0_9_f-___ 2_0_0_9 ___ -+ ____ 2_0_1_0 ___ _

line 7 . . . . . . . . 11 , 7 5 7, 7 4 6 •

2 Undtstnbuted income, tf any, as of the end of 2010 ----------- I a Enter amount for 2009 only . . . . ..... t-----------t-----------1----------1----------' b Total for pnor years 2 0~. 2 0_Q2__, 2 o__Q_§_ 1----------f-----:-----f-----------,f---'--------'""------'j

i ! 3

4

Excess d1stribut1ons carryover,

a From 2005

b From 2006

c From 2007

d From 2008

1f any, to 2010 3,281,252.

3,187,117.

3,733,910.

4,389,989.

4,827,740. e From 2009 ~--------·-- ---- -- --- -- -------f Total of lines 3a through e . . . . . . 19,420,008.

Qualif}'lng d1stribut1ons for 2010 from Part XII,

line 4: ~ $ 15 , 9 4 4 , 8 7 5 •

' .,

.,- p ,·

t

,, ,.

·-

a Applied to 2009, but not more than line 2a ... l----------f----------f-,-,,--------1--------~ ·- I b Applied to undtstnbuted income of prior years (Election reqwred - see page 26 of the 1nstruct1ons) . .

c Treated as d1stribut1ons out of corpus (Election required - see page 26 of the 1nstruct1ons) ..

d Applied to 2010 distributable amount

e Remaining amount distributed out of corpus 4,187,129.

..;,

" -

>

"', '\

' "

11,757,746.

'" ~ i 5 Excess d1stribut1ons carryover applied to 2010. 1---------,---1----·--,>-,------+-':---------+--------~

(If an amount appears m column (d), the same < ' ' 'i

:

1 amount must be shown m column (a) )

6 Enter the net total of each column as

!, ,;, r ·'"it=-,:,.

' *--' ) ,, ·.

indicated below: ' '.

.,.. ,... 0 ~

-- - ------- ---- ? + ' ,, ,, .

a Corpus Add lines 3f, 4c, and 4e. Subtract line 5 1----2_3--'--, _6_0_7_, _1_3_7_.t---------'-----+---,-------,--"'",--f----'--------' l 1

,< t

b Prior years' undistributed income Subtract % t, -line 4b from line 2b \ +· \ ' '· ·

c Enter the amount of prior years' undistributed income for which a notice of def1c1ency 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

e Undistributed income for 2009 Subtract line 4a from line 2a Taxable amount - see page 27 of the instructions . . . . . ...

f Undistributed income for 2010 Subtract lines 4d and 5 from line 1 This amount must be distributed 1n 2011

7 Amounts treated as d1stribut1ons out of corpus to satisfy requirements imposed by section 170(b)(1 )(F) or 4942(g)(3) (see page 27 of the

. I l

!

'

;

i J I

instructions) . . . . . . . . . . . . . . f----------+---------+---------1---------8 Excess d1stribut1ons carryover from 2005 not

applied on line 5 or line 7 (see page 27 of the instructions) . . ..... 3,281,252.

9 Excess distributions carryover to 2011. Subtract lines 7 and 8 from line 6a 2 0, 3 2 5, 8 8 5 • . . . . f-----C.----'------+---------!---------1---------

1 0 Analysis of line 9 a Excess from 2006

b Excess from 2007

c Excess from 2008

d Excess from 2009 e Excess from 2010

JSA

OE 1480 1 000

3,187,117.

3,733,910.

4,389,989.

4,827,740.

4,187,129.

77270J 700P 5/4/2011 4:00:05 PM V 10-6

Form 990-PF (201 O)

PAGE 9

Form 990-PF (2010°) 25-1113452 E l::r.Tii•:tl'• Private Operating Foundations see page 27 of the instructions and Part VII-A, question 9) NOT APPLICABL

1a If ,the foundation has received a ruling or determ1nat1on letter that 1t 1s a private operating I foundation, and the ruling 1s effective for 2010, enter the date of the ruling. • • • • • • • • • • • • ..,_

b Check box to indicate whether the foundation 1s a private operating foundation described m section I I 4942(J)(3) or I I 4942(J)(5)

2a Enter the lesser of the ad-Tax year Prior 3 years

(e) Total 1usted net income from Part (a) 2010 (b) 2009 (c) 2008 (d) 2007 I or the minimum investment return from Part X for each year listed ..

b 85% of hne 2a .. c Ouallfymg d1stnbullons from Part

XII, line 4 for each year listed

d Amounts mduded m line 2c not used directly for act,ve conduct

of exempt act1v1t1es • . .. e Qualifying d1stnbut1ons made

directly for active conduct of

exempt act1vit1es Subtract I me

2d from line 2c .. 3 complele 3a, b, or c for lhe

alternat1Ve test relied upon

a • Assets• altematrve test - enter

(1) Value of all assels (2) Value of assels qualifying

under section

4942(1)(3)(6)(1). b "Endowment" allernatrve test-

enter 2/3 of minimum invest-

ment return shown m Part X,

line 6 for each year listed

c ·support• altematrve test - enter

(1) Total support other than gross investment rncome (interest, dMdends, rents, payments on secunt1es loans (section 512(a)(5)), or royalties). •

(2) Support from general public and 5 or more exempt organizations as provided m section 4942 OX3)(B)(m) ••

(3) Largest amount of sup-port from an exempt organization

( 4) Gross investment income •

• ::ETii •=t'• Supplementary Information (Complete this part only if the foundation had $5,000 or more in assets at any time durmg the year - see page 28 of the mstruct1ons.)

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 1f 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 ind1v1duals or organizations under other cond1t1ons, complete items 2a, b, c, and d.

a The name, address, and telephone number of the person to whom appltcat1ons should be addressed·

SEE ATTACHMENT 17 b The form in which applications should be submitted and information and materials they should include:

SEE ATTACHMENT 17 c Any submission deadlines

SEE ATTACHMENT 17

d Any restrictions or hm1tat1ons on awards, such as by geographical areas, charitable fields, kinds of inst1tut1ons, or other factors

JSA OE1490 1 000

SEE ATTACHMENT 17

77270J 700P 5/4/2011 4:00:05 PM V 10-6 Fonm 990-PF (201 O)

PAGE 10

Form 990-PF (2010) 25-1113452

1:ifl£d Supplementary Information (continued) 3 Grants and Contributions Paid During the Year or Approved for Future Payment

Rec1p1ent If rec1p1ent 1s an indMdual, Foundation Purpose of grant or show any relat1onsh1p lo status of Amount Name and address (home or business) any foundation manager

rec1p1ent contnbullon or substantial contnbutor

a Paid dunng the year SEE ATTACHMENTS 1 7, 18, & 19 14,174,000.

Total ~ 3a 14,174,000.

b Approved for future payment SEE ATTACHMENTS 1 7, 18, & 19 7,957,500.

Total ~ 3b 7,957,500. Form 990-PF (2010)

JSA OE1491 1 000

77270J 700P 5/4/2011 4:00:05 PM V 10-6 PAGE 11

Form 990-PF (2010) 25-1113452 . .,.,..., . Analysis of Income-Producing Activities

Enter gross amounts unless otherwise 1nd1cated Unrelated business income Excluded b section 512 513 or 514

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

1 Program sel'V\ce revenue Business code Amount Exclusion code Amount

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 D1v1dends and interest from securities 14 7,528,231. \ 7-:' , . /, .. ,,.,. .. ~-it";(ifa rii·~~;t:~: r.!1 1£0,;,,<p·.-~, _; 5 Net rental income or (loss) from real estate ..-.-'>,-!,7;~,.~.~ .• ~" :$?~} vh ,,, /'.< t~ ~ , ~~ " A " ..... (' ~ '...,

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 6,967,719.

9 Net income or (loss) from special events

10 Gross profit or (loss) from sales of inventory.

11 Other revenue. a

b VENTURE FUND INC. 900099 2,538. 14 101,108.

c OTHER INCOME 14 218,247.

d

e

12 Subtotal Add columns (b), (d), and (e) .. -''.' ';,:1 2,538. lrliPI~ 14,815,305.

13 Total. Add line 12, columns (b), (d), and (e) ••••••••••••••••••••••••••••••••••• 13 (See worksheet 1n line 13 instructions on page 29 to verify calculations)

.:r. ..... ,, .. , :11 Relationship of Activities to the Accomplishment of Exempt Purposes

(e) Related or exempt function income !See page 28 of he instructions )

', ' - < ·_, j

14,817,843.

Line No Explain below how each act1v1ty for which income 1s reported in column {e) of Part XVI-A contributed importantly to the ,. accomplishment of the foundation's exempt purposes {other than by providing funds for such purposes) (See page 29 of the

1

JSA OE14921000

instructions )

NOT APPLICABLE

77270J 700P 5/4/2011

Fenn 990-PF (2010)

4:00:05 PM V 10-6 PAGE 12

. Form 990-PF (2010) 25-1113452 P~e13

UtdilW• Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described

in section 501(c) of the Code (other than section 501(c)(3) organ1zat1ons) or in section 527, relating to political

organizations?

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

(1) Cash

(2) Other assets

b Other transactions.

(1) Sales of assets to a noncharitable exempt organ1zat1on

(2) Purchases of assets from a nonchantable exempt organization

(3) Rental of fac1ht1es, equipment, or other assets

(4) Reimbursement arrangements.

(5) Loans or loan guarantees

(6) Performance of services or membership or fundra1s1ng sohc1tat1ons

c Sharing of fac1ht1es, equipment, mailing lists, other assets, or paid employees

Yes No

1 al1 l

1a(2l X

--- - -- , ___ J 1 b(1 l x 1bl2l x 1b(3l x 1 bl4l x 1b(5l x 1bl6l x

1c x d If the answer to any of the above 1s "Yes," complete the following schedule

value of the goods, other assets, or selVlces given by the reporting foundation

Column (b) should always show the fair market

If the foundation received less than fair market

value In anv transaction or sharma arranaement show In column ldl the value of the aoods other assets or selVlces received

(a) Line no (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and shanng arrangements

N/A N/A

. 2a 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?. • . . • • • • • • • • D Yes [:8] No

b If "Yes," com lete the follow1n schedule. (a) Name of orgamzat,on (b) Type of orgamzat1on (cl Description of relat1onsh1p

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and

Sign Here

behef, 111s rue, reel, a complete D larallon of preparer (other than taxpayer or fiduc1 ) IS sed on all information of which preparer has any knowledge

5 q t ~ T1trf2.f!f(~a:,.11

Paid Preparer Use Only

JSA

OE 1493 1 000

Print/Type preparer's name

Firm's name ~ GRANT THORNTON LLP

Firm's address~ 2001 MARKET STREET,

PHILADELPHIA,

SUITE 3100

PA

77270J 700P 5/4/2011 4:00:05 PM V 10-6

Date PTIN

Check01r self-employed P00532355

-.('}//II Fmm's EIN ~ 36-6055558

19103 Phone no 2 15 - 5 61 - 4 2 0 0

Form 990-PF (2010)

PAGE 13

SARAH SCAIFE FOUNDATION INCORPORATED

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

DESCRIPTION

INTEREST INCOME DIVIDEND INCOME

..,..,...,..," T "'7nnn c 111 /'"ln11

TOTAL

11 • n n • n C:: n-.A 't T 1 " C

REVENUE AND

EXPENSES PER BOOKS

1,750,922. 5,777,309.

7,528,231.

25-1113452

ATTACHMENT 1

NET INVESTMENT

INCOME

1,750,922. 5,777,309.

7,528,231.

T"\"l\~r, ,,,

ATTACHMENT 1


FORM 990PF, PART I - OTHER INCOME

DESCRIPTION VENTURE INCOME OTHER INCOME

..,..,,..,.,", ..,nnn c 111 ,,..,n1 1

TOTALS

II • n (\ • n C: T""l~A' ,: T 1 n C

REVENUE AND

EXPENSES PER BOOKS

103,646. 218,247.

321,893.

25-1113452

ATTACHMENT 2

NET INVESTMENT

INCOME 103,646. 218,247.

321L893.

T\'1\~T" ,c

ADJUSTED NET

INCOME 0 . 0 .

0 .

ATTACHMENT 2

SARAH SCAIFE FOUNDATION INCORPORATED 25-1113452

ATTACHMENT 3

FORM 990PF, PART I - LEGAL FEES

REVENUE AND NET ADJUSTED

EXPENSES INVESTMENT NET CHARITABLE DESCRIPTION PER BOOKS INCOME INCOME PURPOSES

LEGAL FEES 1, 94 6. 0 . 0 . 1,946.

TOTALS 1, 94 6. 0 . 0 . 1L946.

ATTACHMENT 3 "'7"7'")"7" T "7""n C: / ,1 /'")"11 ,1 • ('\ ("\ • ('\ C: T""'l-,,A' ,- T 1 ('\ C T""l1'\ r"T"' ., c

-- --


ATTACHMENT 4

FORM 990PF, PART I - ACCOUNTING FEES



AUDIT, COMPLIANCE, AND TAX SRV 56,744. 28,372. 0 . 28,372.

TOTALS 5 61_] 4 4_._ 2~8 t 372 • O_. 28L372.

ATTACHMENT 4 .,.,,..,.," T "7nnn c 111 ,,..,n, 1 JI ,. " n .. ('\ C:: T""l~A' ,- T 1 ('\ C T"\'7\ ~T"' 1 -,


ATTACHMENT 5

FORM 990PF, PART I - OTHER PROFESSIONAL FEES



FISCAL AGENT FEES 214,529. 214,529. 0 . 0 . CONSULTING 224,000. 0 . 0 . 224,000.

TOTALS 438,529. 214,529. _Q_._ __ 224,000.

ATTACHMENT 5 -,-,..,-," T -,""n C: I II /"l"1 1 11 • n ('\ • f"\ C T"'l~JI' "I' T 1 f"\ C n7\rr, 10


ATTACHMENT 6

FORM 990PF, PART I - TAXES



FEDERAL EXCISE TAX 133,000. 0 . 0 . 0 .

TOTALS 133LOOO. 0 . 0. 0 .

ATTACHMENT 6 ..,..,,.,..," T ,nnn c:: / ,1 /r.,n1., ,1 • n " . n c n'kA' 't T 1 n c 'M'7\ ,...T"" ., (\


ATTACHMENT 7

FORM 990PF, PART I - OTHER EXPENSES


EXPENSES INVESTMENT NET CHARITABLE DESCRIPTION PER BOOKS INCOME INCOME PURPOSES COMPUTER MAINTENANCE 2,000. 0 . 0 . 2,000. INSURANCE 21,194. 2,378. 0 . 18,816. DUES & SUBSCRIPTIONS 5,591. 775. 0 . 4, 816. OFFICE EXPENSES 24,708. 2,772. 0 . 21,936. OFFICE TEMP 6,640. 745. 0 . 5,895. TELEPHONE 5,603. 62 9. 0 . 4, 97 4. SECURITY 43,980. 4,934. 0 . 39,046.

TOTALS LQ9,716. 12,233. 0 . 97 483.

ATTACHMENT 7 "'7"'7'")"'7(\ T "'7f\f\T"1 C / ,1 /'")f\1 1 11 • n n • n C T"\~A' ,- T 1 n C n'7\ r'r.' ...., n


ATTACHMENT 8

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

DESCRIPTION

PREPAID INSURANCE

TOTALS

.,.,..,.," T "7n"n c: 111 ,..,n, 1 ·11 • n n . n C: T"l'-11 'I' 7 1 n C

ENDING BOOK VALUE

7,886.

7L886.

n7\,-.~ "")1

ENDING FMV

7,886.

7L886.

ATTACHMENT 8


FORM 990PF, PART II - U.S. AND STATE OBLIGATIONS

DESCRIPTION

GOVERNMENT SECURITIES SEE ATTACHMENT 21

US OBLIGATIONS TOTAL

"7"7">"7nT ""lnnr, c:111,...,n,, ,1 • r\ n • " C T"\~,f "I' T 1 n t:

ATTACHMENT 9

ENDING BOOK VALUE

23,803,598.

23,803,598.

ENDING FMV

25-1113452

24,231,537.

24, 231, 537.

ATTACHMENT 9 n'1\ ,-.r, ,...,,...,


FORM 990PF, PART II - CORPORATE STOCK

DESCRIPTION

COMMON STOCK INVESTMENTS SEE ATTACHMENT 21

..,..,...,..," T '"'""n c: I 11 ,..,n, 1

TOTALS

II • n n • n C T"'\'ft.A' 'I' T 1 ('\ t:

25-1113452

ATTACHMENT 10

ENDING BOOK VALUE

131,029,569.

131, 029, 569.

ENDING FMV

202,878,084.

202,878,084.

ATTACHMENT 10 n'7\rT"" ..,..,


FORM 990PF, PART II - CORPORATE BONDS

DESCRIPTION

CORPORATE BOND INVESTMENTS SEE ATTACHMENT 21

TOTALS

...,...,..,...,"T "'7nnn c:/11/"ln11 ,1 • n ('\ • ('\ C T'i).A' 'I' T 1 ('\ C

ATTACHMENT 11

ENDING BOOK VALUE

5,091,690.

5,091,690.

ENDING FMV

25-1113452

5,125,466.

5,125,466.

ATTACHMENT 11 n1'\r,r, ">11


FORM 990PF, PART II - OTHER INVESTMENTS

DESCRIPTION

VENTURE FUNDS (SEE ATCH 21) MUTUAL FUNDS (SEE ATCH 21) BOND FUND (SEE ATCH 21)

TOTALS

"'1"'7'">"'11"1 "T "'71"\f"IT'I C,,, /'")1"11 1 ,1 • n n • n C T'l'k,1' '( T 1 n C

ATTACHMENT 12

ENDING BOOK VALUE

3,115,713. 1,005,712. 8,411,732.

12,533,157.

ENDING FMV

25-1113452

3,730,857. 2,425,000. 8,614,228.

14,770,085.

ATTACHMENT 12 T"\'7\ f""Y-, ,, c


FORM 990-PF EIN: 25-1113452 YEAR ENDED: DECEMBER 31, 2010

PART I, LINE 19 -DEPRECIATION EXPENSE PART 11, LINE 14 - LAND, BUILDINGS, AND EQUIPMENT

PART II, LINE 14 -ACCUMULATED DEPRECIATION

DESCRIPTION AMOUNT

LEASEHOLD IMPROVEMENTS OFFICE-EQUIPMENT

SUBTOT AI,, FIXED ASSETS LESS: ACCUMULATED DEPRECIATION

NET FIXED ASSETS

316,204 517 ,257 833,461

(826,261) 7,200·

DEPRECIATION AND AMORTIZATION EXPENSE FOR 12/31/10 WAS $1,996.

STATEMENT 12A PAGE 26

' SARAH SCAIFE FOUNDATION INCORPORATED 25-'1113452

ATTACHMENT 13

FORM 990PF, PART III - OTHER INCREASES IN NET WORTH OR FUND BALANCES

DESCRIPTION

ACCURED EXPENSES

TOTAL

77270J 700P 5/4/2011 4:00:05 PM V 10-6

AMOUNT

40,729.

40,729.

ATTACHMENT 13 PAGE 27

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


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

NAME AND ADDRESS

RICHARD 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

R. 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

'7'7"l'"7f\ T '7f\f\n C: I II /"lf\1 1

TITLE AND AVERAGE HOURS PER WEEK DEVOTED TO POSITION

CHAIRMAN/TRUSTEE 3.00

PRESIDENT/TRUSTEE 32.00

VP/TREASURER 32.00

SECRETARY 3.00

ASST. TREASURER 32.00

II • " n • n C T\~,1' ,. T 1 n C

COMPENSATION

0.

270,400.

274,667.

0.

58,400.

25-1113452

ATTACHMENT 14

CONTRIBUTIONS EXPENSE ACCT TO EMPLOYEE BENEFIT PLANS

0.

l 39,200.

39,200.

0.

13,350.

TV7\ r"'T"' ")Q

AND OTHER ALLOWANCES

0.

0.

0.

0.

0.

ATTACHMENT 14



NAME AND ADDRESS

T. KENNETH CRIBB, JR. 301 GRANT STREET ONE OXFORD CENTRE, SUITE 3900 PITTSBURGH, PA 15219-6401

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

"7"7.,"7f'\ T "7f'\f'\T"I C / II /-,f'\1 1


TRUSTEE 3.00

TRUSTEE 3.00

TRUSTEE 3.00

TRUSTEE 3.00

TRUSTEE 3.00

.., . " " .. n c n~A' ,: T 1 n c

COMPENSATION

6,000.

6, 000.

4,500.

4, 500.

6,000.

25-1113452

ATTACHMENT 14 (CONT'D)


0.

0.

0.

0.

0.

n'7\ ~r, '10


0.

0.

0.

0.

0.

ATTACHMENT 14



NAME AND ADDRESS

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. 301 GRANT STREET ONE OXFORD CENTRE, SUITE 3900 PITTSBURGH, PA 15219-6401

..,..,..,..,".,. "'7nnn c1111-,n11


TRUSTEE 3.00

TRUSTEE 1. 00

TRUSTEE 3.00

GRAND TOTALS

,1 • (\ (\ • (\ C: n~A' 1' T 1 (\ t:

COMPENSATION

6, 000.

1, 500.

6,000.

643~

25-1113452

ATTACHMENT 14 (CONT'D)


0.

0.

0.

91£750.

TY7\ ,-.,-, '21\


0.

0.

0.

0.

ATTACHMENT 14


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

NAME AND ADDRESS

POLLY MCQUEEN 301 GRANT STREET, SUITE 3900 ONE OXFORD CENTRE PITTSBURGH, PA 15219

MATTHEW GROLL 301 GRANT STREET, SUITE 3900 ONE OXFORD CENTRE PITTSBURGH, PA 15219

ALEXIS KONKOL 301 GRANT STREET, SUITE 3900 ONE OXFORD CENTRE PITTSBURGH, PA 15219

TITLE AND AVERAGE HOURS PER WEEK

DEVOTED TO POSITION

EMPLOYEE 24.00

EMPLOYEE 12.00

EMPLOYEE 32.00

TOTAL COMPENSATION

""I ""I '"l ""I/"\ -r ""I/"\/"\ T"'I C: I II I '"l /"\ 1 1 II • ("\ f"\ • ("\ C:: T"'l~A' ,: T 1 f'\ C

COMPENSATION

66,000.

62,700.

57,600.

186,300.

25-1113452

ATTACHMENT 15

CONTRIBUTIONS EXPENSE ACCT TO EMPLOYEE AND OTHER

BENEFIT PLANS ALLOWANCES

15,825. 0 .

13,894. 0 .

13,300. 0 .

43,019. 0 .

ATTACHMENT 15 T"\ '1\ ,-. r, ......

SARAH SCAIFE FOUNDATION INCORPORATED 2 5-·111 3 4 5 2

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

ATTACHMENT 16

NAME AND ADDRESS TYPE OF SERVICE

OXFORD DEVELOPMENT COMPANY/GRANT ST. FACILITY RENTAL ONE OXFORD CTR-PLAZA LEVEL, 301 GRANT ST PITTSBURGH, PA 15219

R. DANIEL MCMICHAEL CONSULTING 825 MOREWOOD AVE., STE. H-1 PITTSBURGH, PA 15213

TOTAL COMPENSATION

77270J 700P 5/4/2011 4:00:05 PM V 10-6

COMPENSATION

212,554.

236,792.

449,346.


SARAH SCAIFE FOUNDATION IN CORPORA TED

FORM 990-PF EIN: 25-1113452 YEAR ENDED: DECEMBER 31, 2010

SAIW-I SCAIFE FOUNDATION Incorporated

One Oxford Centre 301 Grant Street, Suite 3900

Pittsburgh, Pe1U1sylvama 15219-6401 412-392-2900

ANNUAL REPORT

The Sarah Scaife Foundation's grant program is primarily directed toward public policy programs that address major domestic and intemat10nal issues. There are no geographical restnct10ns. 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 representatiye, 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 infonnation should include a copy of the latest audited financial statements ( or Form 990); and a1U1ual 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 Sections 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 President Sarah Scaife Foundation One Oxford Centre 301 Grant Street, Suite 3900 Pittsburgh, Pa 15219-6401


SARAH SCAIFE FOUNDATION INCORPORATED FORM 990-PF EIN: 25-1113452 YEAR ENDED: DECEMBER 31, 2010

Federal Footnotes

Grants Paid & Approved:

All of the grantees shown on the attached statement of grants are exempt under the Internal Revepue C_ode (IRC) Section 501 ( c )(3), and have the status of public charities within the meaning of IRC Section 509(A)(l) or (2).

ATIACHMENT 18 PAGE34


SCHEDULE OF GRANTS AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2010

Acton Institute for the Study of Religion and Liberty,

Grand Rapids, Michigan Project support

Allegheny Institute for Public Policy, Pittsburgh, Pennsylvania General operating support

American Bar Association Fund for Justice and Education, Chicago, Illinois Standing Committee on Law and National Security

American Civil Rights Institute, Sacramento, California General operating support

American Enterprise Institute for Public Policy Research,

Washington, D.C. Program support Project support Shadow Financial Regulatory Committee

American Foreign Policy Council, Washington, D.C. General operating support

America's Future Foundation, Washington, D.C. General operating support

America's Survival, Inc., Owings, Maryland Program support

Atlantic Legal Foundation, Larchmont, New York General oper~ting support

Atlas Economic Research Foundation, Washington, D.C. General operating and program support

$

Payable, 12/31/09

115,000

100,000

200,000

100,000

$

1/1/10 - 12/31/10 Approved Paid

40,000 $

115,000

115,000

150,000

175,000 300,000

25,000

40,000 $

115,000

115,000

200;000

175,000 300,000 25,000

125,000 125,000

37,500 37,500

200,000 200,000

75,000 - -75,000

150,000 150,000

Payable, 12/31/10

115,000

50,000

200,000

100,000

ATTACHMENTI9 (lOF~ PAGE35

,.


SCHEDULE OF GRANTS AS OF AND FOR TH~ YEAR ENDED DECl::MBER 31,.2010

Payable, 12/31/09

Capital Research Center, Washington, D.C. General operating support $

Carnegie Mellon University, Pittsburgh, Pennsylvania Gailliot Center for Public Policy 75,000 Project support

Cato Institute, Washington, D.C. · Dome~tic Policy Studies Programs

Center for Equal Opportunity, Falls Church, Virginia General operating support

Center for Immigration Studies, Inc., Washington, D.C. General operating support

Center for Individual Rights, Washington, D.C. General operating support 55,000

Center for Media and Public Affairs, Washington, D.C. General operating support

Center for Security Policy, Inc., Washington, D.C. General operating support

Center for Strategic and International Studies, Inc.,

Washington, D.C. Senior Advisor Post and project support · 225,000

Center for the Study of the Presidency, Washington, D.C. Program support 70,000

Citizens' Council on Health Care, St. Paul, Minnesota General operating support

$

· 1/1/10 - 12/31/10 Payable, Approved

175,000 $

125,000 75,000

40,~po

50,000

125,000

110,000

75,000

175,000

325,000

135,000

150,000

Paid 12/31/10

175,000 $

137,500 62,500 75,000

. 40,000

50,000

~

125,000

110,000 55,000

75,000

175,000

335,000 215,000

135,000 70,000

75,000 75,000

ATTACHMENT 19 (2 OF 9) PAGE 36


SCHEDULE OF GRANTS AS OF AND FOR THE.YEAR ENDED Dl;:CEMBER 31, 2010

Claremont Institute for the Study of Statesmanship and Political Philosophy,

Claremont, California General operating, program and Washington Fellow support $

Collegiate Network, Inc., Wilmington, Delaware General operating and program support

Commentary, Inc., New York, New York Publication support

Com'mittee for a Constructive Tomorrow, Washington, D.C. General operating support

The Commonwealth Foundation for Public Policy Alternatives,

Harrisburg, PA General operating support

Competitive Enterprise Institute, Washington, D.C.

General operating support Project support

Counterterrorlsm & Security Education and Research Foundation,

Washington, D.C. Project support

David Horowitz Freedom Center, Sherman Oaks, California General operating support

The Defense Forum Foundation, Inc., Falls Church, Virginia Program support

Ethics and Public Policy Center, Inc., Washington, D.C. General operating and program support

Payable, 12/31/09

250,000 $

100,000 ·.

. 100,000

150,000

75,000

1/1/10 - 12/31/10 Payable, Approved

325,000 $

240,000

25,000

160,000

130,000

150,000 150,000

250,000

250,000

50,000

125,000

Paid 12/31/10

325,000 $ 250,000

240,000

25,000

160,000 100,000

130,000

150,000 100,000 150,000

100,000 150,000

250,000 150,000

50,000

125,000 75,000

ATTACHMENT 19 (3 OF 9) PAGE37


SCHEDULE OF GRANTS AS OF AND FOR THE YEAR.ENDED DECEMBER,31, 2010

The Federalist Society for Law & Public Policy Studies,

Washington, D.C. General operating support _

Federation for American lmmigr?tion Reform,

Washington, D.C .. General operating and project support

Foundation for California University of Pennsylvania,

'California, Pennsylvania Government Agency Coordination Office

Foundation for Cultural Review, Inc., New York, New York General operating support Project support

Foundation for Individual Rights in Education, Inc., Philadelphia, Pennsylvania General operating support

Foundation for Research on Economics and the Environment, Bozeman, Montana . General operating support

Foundation for the Defense of bemocracies, Inc.,

Washington, D.C. Project support

FreedomWorks Foundation, Washington, D.C: General operating and project support

Galen Institute, Inc., Alexandria, Virginia General operating support

Payable, 12/31/09

$ 200,000 $ ..

150,000

50,000

62,500

1/1/10 -12/31/10 Payable, Approved

300,000 $

250,000

100,000

200,000 31,500

100,000

30,000

200,000

125,000

35,000

· Paid 12/31/10

300,000 $ 200,000

250,000 150,000

100,000

200,000 " 31,500

100,000 50,000

30,000

200,000

125,000 62,500

35,000


~~



George C. Marshall Institute, Washington, D.C. General operating support $

George Mason University Foundatibn, Inc.,

Fairfax, Virginia Center for Study of Public Choice Law and Economics Center

· Heritage Foundation, -~',

Washington, D.C. General operating support

,,

High Frontier, Alexandria, Virginia Program support

Hudson Institute, Inc., Washington, D.C. Center for Religious Freedom Project for Civil Justice Reform and International Religious Liberty Project support

Human Rights Foundation, Inc., New York, New York General operating support

Institute for Foreign Policy Analysis, Inc., Cambridge, Massachusetts Economic Security Program General operating and special projects support

Institute for Health Freedom, Washington, D.C. General operating support

Institute fo"r Humane Studies, Arlington, Virginia General operating support

Payable, 12/31/09

$

50,0QO

600,QOO

50,000

35,000

75,000

-


230,000 $

100,000 150,000

600,000

100,000

100,000 40,000

75,000

160,000

600,000

35,000

Paid 12/31/10

230,000 $

100,000 50,000 150;000

600,000 600,000

50,000

100,000

100,000 40,000

75,000 35,000

160,000

600,000

75,000

35,000

ATTACHMENT 19 (5 OF 9)

PAGE39

SARAH SCAIFE FOUNDATION INCORPORATED.


Payable, 12/31/09 ,

Institute for International Studies, Washington, D.C. Project support $

Institute for Justice, Arlington, Virginia General operating support

Institute for Research on the Economics of Taxation,

Washington, D.C. General operating and program support 50,000

The Institute on Religion and Public Life, Inc., New York, New York General operating and publication support

Intercollegiate Studies Institute, Inc., Wilmingto·n, Delaware General operating support 200,000

International Policy Network US, Inc., Washington, D.C. General operating support

Jamestown Foundation, Washington, D.C. General operating support 62,500

Johns Hopkins University, Washington, D.C. The Paul H. Nitze School of Advanced International Studies

Judicial Watch, Inc., Washington, D.C. General operating support 125,000

Landmark Legal Foundation, Kansas City, Missouri General operating support

Ligonier Valley School District, Ligonier, Pennsylvania Chri~tmas gift program

$


. 45,000 $

85,000

100,000

60,000

300,000

50,000

125,000

120,000

175,000

250,000

7,500

Paid 12/31/10

45,000 $

85,000

100,000 50,000

60,000 "

300,000 200,000 ..

50,000

125,000 62,500

120,000

175,000 125,000

250,000

7,500




Maid on Institute, Inc .• Baltimore, Maryland General operating support $

Manhattan Institute f~~ Policy Research, Inc.,

New York, New York General operating and publication support

Media Research Center, Inc., Alexandria, Virginia General operating support

Mercatus Center, Inc., Fairfax, Virginia General operating support

Missouri State University Foundation, Springfield, Missouri Department of Defense and Strategic Studies

National Association of Scholars, Inc., Princeton, New Jersey General operating support

National Center for Policy Analysis, Dallas, Texas General operating support

National Center for Public Policy Research, Inc.,

Washington, D.C. Program support

National Institute .for Public Policy, Fairfax,, Virginia Program support

National Legal and Policy Center, Falls Church, Virginia General operating support

Payable, 12/31/09

$

200,000

50,000

1/1/10 -12/31/10 Payable, Approved

200,000 $

150,000

250,000

50,000

140,000

200,000

100,000

35,000

240,000

100,000

Paid 12/31/10

. 200,000 $

~-150,000

250,000 20.0,000

'·

50,0QO

140,000

200,000

100,000 50,000

35,000

240,000

100,000

ATTA CHM ENT 19 (7 OF 9) PAGE 41


SCHEDULE OF GRANTS AS OF AND FOR THE,YEAR ENPED DEC(:MBER 31, 2010_

National Taxpayers Union Foundation, Alexandria, Virginia General operating support

·' New England Legal Foundation,

. Bosto!l, Massachusetts -General operating support . . Pacific Legal Fpundatio~. ' ·· .. Sacramento, California . General operating support · . . . . ~

·' P.a~ific Resea'rch.lnstituteJ.o,:. __ P~~li.c· Policy, - • San·Francisc0, California··· : Gen~ral operating supp6rt .

Philadelphia Society, Jerome, Michigan General operating support

Pittsburgh History and Landmarks Foundation,

Pittsburgh, Pennsylvania Landmarks Community Capital Corporation

Princeton University, Princeton, New Jersey James Madison Program in American Ideals and Institutions

Reason Foundation, Los Angeles, California General operating support

Saint Vincent College, Latrobe, Pennsylvania Center for Political and Economic Thought

Social Philosophy and Policy Foundation, Bowling Green, Ohio Social Philosophy and Policy Center

$

/ •,

Payable, 12/31/09

75,000

$

!,

1/1/10 - 12/31/10 Apwoved Paid

50,000 $ 50,000 $

30,000 30,000

125,000 125,000

_J

100,000 150,000 150,000

5,000 5,000

250,000 250,000

75,000 75,000

100,000 100,000

30,000 30,000

470,000 470;000

Payable, 12/31/10

75,000

100,000

ATTACHMENT 19 (8 OF 9: PAGE42

~,

. . . . SARAH SCAIFE FOUNDATION INCORPORATED

SCHEDULE OF GRANTS AS OF AND FOR THE YEARl;:NDED DECEMBER ~1. 2010

Payable, 1/1/10-12/31/10 Payable,

Southeastern Legal Foundation, Inc., Atlanta, Georgia General operating support .

Speclal Operations Warrior Foundation, Tampa, Florida Project support

Stanford University, Hoover Institution · on War, Revolution and Peace, Stanford, California

Research programs and Hoover Fellows support

....... - .-. ~ -Tax Foundation, . \

Washington,. D.C. - , ..... - ~ .... ,..., ·-· -

General operating support

Tufts University, Medford, Massachusetts The Fletcher School of Law and Diplomacy

' University of Chicago, Chicago, Illinois Law and Economics Program

University of Kentucky, Lexington, Kentucky The New University of Kentucky Albert B. Chandler Hospital Auditorium

University of Virginia Law School Foundation,

Charlottesville, Virginia Center for National Security Law

World Affairs Council of Pittsburgh, Pittsburgh, Pennsylvania Teacher-student educational projects

Total

12/31/09 Approved

$ $ 50,000 $

50,000

300,000 350,000

. ·--d .... --., ~ . '

75,000

180,000 280,000 .

50,000 100,000

4,000,000

325,000

70,000

~ 8,530,000 ~ 13,601,500 i

Paid . 12/31/10

50,000 $

50,000'

300,000 350,000

' ·i:". ':. ~.~,~ .. ~ .. ~:·~t '• ,_

.... >

-- . . •,~ .. 75,000 ..

280,000 180,000

100,000 50,000

500,000 3,500,000

225,000 100,000

70 000

14, 174,000 i 7,957,500

ATTACHMENT 19 (9 OF 9) PAGE 43

SARAH SCAIFE FOUNDATION IN CORPORA TED FORM 990-PF EIN: 25-1113452

YEAR ENDED: DECEMBER 31, 2010

Federal Footnotes

Allocation of Expenses in Part I:

Compensation of officer~, 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 perfom1ed 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.

ATTACHMENT 20 PAGE44

Sarah Scaife Foundation Incorporated

Schedule of Investments

December 31, 2010

Investments Shares/or Par Value

Savings and Temporary Cash Investments

Money Market 82,023

Cash Equivalents Investment Fund Money Market 7,160,778

Bond Funds Money Markt:t 988,692

U S. Treasu1y Fund Money riiarket 253,030

Total Savings and Temporary Cash Investments:

U.S. Obligations - Government Securities GMNC 487,477

Federal Home Loan Mortgage Corp. 897,530

Federal Home Loan Bank 470,000

Freddie Mac 3,765,000

Fanme Mae 1,085,000

Treasury lnflallon Secunties 2,490,000

U.S. Treasury Noles 13,390,000 Total U.S. Obligations - Government Securities

Common Stocks

Abbott Labs 61,000 Air Products & Chemicals, Inc. 21,500

~ltna Group, Inc_ 307,000

Analog Devices, Inc. 68,500

AT&T, Inc. 176,000

Aulomallc Data Processmg, Inc. 83,600

Baxter lntemallonal, Inc 32,000

Becton D1ckm~-on & Co 26,750

Berkslme Hathaway, Inc. 45,000

Cardmal Health, Inc. 36,000

Chevron Corporation 63,700

Conoc0Ph1l11ps 85,150

Costco Wholesale Corp 31,900

CSX Corp 38,500

Cullen Frost Barikers, Inc 33,400

Ewlab Inc 66,500

Emerson Electnc Co 79,600

Entergy Corp 20,000

Exxon Mobil Corp 225,000

FaLtSet Research Systems, Inc. 38,500

The Gap, Inc. 104,000

Intel Corp 119,100

ln1emat1onal Busmess Machmes Corp. 64,600

Invesco Ltd. 129,000

JP Morgan Chase & Co. 103,500

Johnson & Johnson 71,500

Cost

82,023 7,160,778

988,692 253,030

8,484,523

487,477

913,600 506,297

3,966,410 1,205,924

2,598,076 14,125,814 23,803,598

2,917,587 1,761,906 2,315,173

1,879,256 4,803,021

3,589,143 1,882,733 1,600,099

2,028,491 1,725,012 4,162,480

4,652,715 1,828,843 1,864,185 1,828,420

2,170,023 3,731,000

2,348,382 1,881,660 2,483, 149

1,697,363 1,920,981 1,698,713

1,402,707 4,523,539

4,258,904

l\larket Value

82,023

7,160,778

988,692 253,030

8,484,523

506,045

945,686

525,606, 4,003,734 1,224,281

3,056,673

13,969,512. 24,231,537

2,922';51 o,, 1,955,425 7,558,340

2,580,395 5,170,880 3,869,008

1,619,840 2,260,910 3,604,950

1,379,160 5,812,625 5,798,715 2,303,499

2,487,485 2,041,408 3,352,930 4,550,732

1,416,600 16,452,000

3,609,760 2,302,560

2,504,673 9,480,696

3, 103,740 4,390,470 4,422,275


Sarah Scaife Foundation Incorporated

Schedule of Investments December 31, 2010

Investments Shares/or Par Value

Kellogg Co 40,400 Lockheed Martin Corp 25,000 McDonald's Corp 85,000 M1croch1p Technology, Inc. 88,550 Microsoft Corp 74,000 Nextera Energy, Inc 88,350 Nike, Inc. 42,250 Novartis AG 73,000 Pepsico, Inc 5),700 Pfize1, Inc. 236,750 Ph1hp Moms lnternauonal Inc. 307,000 Praxair, Inc. 29,000 Proctor & Gamble Co 70,200 Schlumberger Ltd. 38,500 Snap On, Inc. 50,500 3M Co 45,000 Tuner Warner, Inc 103,800 US Bancorp 81,000 Umted Parcel Se1v1ce, Inc 72,700 Umted Technologies Corp 57,200 VF Corp 44,000 Wal-Mart Stores, Inc 54,800 Wisconsin Energy Corp 54,500 Xihnx, Inc

Total Common Stock:

Corporate Bonds

Amgen, Inc 130,000 Bank of Amenca 200,000 Bank NS Hahfax 240,000 Chevron Corpoiauon 60,000 Cisco Systems, Inc 200,000 CNH Equipment Trnst 340,000 Crecht Smsse USA, Inc 215,000 CSFB 2003-CK2 A4 225,000

.John Deere Cap Corp 200,000 General Electnc Cap Corp 200,000 General Elect11c Capua) Corp 215,000 Goldman Sachs Group, Inc 100,000 Hewlett-Packard Co 100,000 JP Morgan Chase & Co 250,000 JPMCC 2005-LDP5 A4 2 I 5,000 Medtromc, Inc 200,000 PepsiCo, Inc 240,000 Shell lnternallonal Financial 150,000 South Carolina Electnc & Gas Co. 1,000,000 Wal-Mart Stores, Inc 250,000 Wells Fargo & Co 200,000

Total Corporate Bonds:

Cost

1,811,009

883,025 4,229,766

2,768,61 I

I ,884,432 2,340,471

1,655,167 4,040,375

2,904,298

3,916,864 5,275,558

1,392,849

3,187,200

3,353,087 1,859,936

3,502,370 3,146,475

1,880,269 4,368,229

778,885 3,373,942 3,062,327

2,458,938

131,029,568

123,482 201,278

234,312 63,387

209,218

346,787 235,472 237,797 218,078 208,974

230,792

103,738 107,499

250,877

230,772 201,614 248,175

157,964

1,026,180 241,160 214,134

5,091,690

Market Value 2,063,632

1,747,750

6,524,600

3,029,295

2,065,340

4,593,316 3,608,995

4,303,350 3,377,561

4,145,493 17,968,710

2,768,630

4,515,966 3,214,750

2,857,290 3,883,500

3,339,246 2,184,570

5,276,566 4,502,784

3,791,920 2,955,364 3,207,870

202,878,084

123,869 204,354 234,115 64,054

217,952 347,633 231,802 236,64 l

218,070 201,466

229,940 I 03,336 107,036

279,188 231,460

205,236 251,782

I 54,088 1,004,240

257,768 221,436

5,125,466

ATIACHMENT 21 '(2 OF 3) PAGE 46

Investments

Other Investments

Venture Fund Venture Capital

Mutual Fund !Shares Russell 2000 Index Fund !Shares S&P Pfd Sk Index Fund

Bond Fund Vanguard GNMA Fund

Sarah Scaffe Foundation Incorporated Schedule of Investments

December 31, 2010

Shares/or Par Value

Total Venture Funds:

62,500 Total Mutusl Funds:

802,070' Total Bond Fund

Total Other Investments

Total of all Investments

3,115,713 3,115,713

1,005,713 1,005,713

8,411,732 8,411,732

12,533,158

180,942,537

Market Value

3 730,857 ,,

3;730,857

2,425,000 2,425,000

8,614,228 8,614,228

14,770,085

255,489,695

ATIACHMENT 21 (3 OF 3) PAGE 47

SARAH sci FOUNDATION INCORPORATED

SCHEDULE OF GAINS (LOSSES) FOR TAX ON INVESTMENT INCOME FOR THE YEAR ENDED DECEMBER 31, 2010

(a) (b) (c) (d) (e) (f) (h) (i) (J) (k) (I) {m) Losses from

How Cost or- Fair Market column (j) Acquired Gross Other Basis Value as of and gains

Kind of P-Purchase Date Date Sold/ Sales and Expense · Gain (loss) December Adjusted Excess of 0) {excess (i) ·-Pro~e!!:l Description D-Donated Acauired Matured Price of Sale m less (g) 31, 1969 Cost Basis over (k) over (Ill

• Security Federal Home Loan p 02118109 01/15/10 $ 11,710 $ 12,034 $ (324) NIA NIA NIA s (324)

Mortgage Corp.

Security Federal Home Loan p 02118109 01/15110 12,235 12,642 • (407) NIA NIA NIA (407) Mortgage Corp.

· Security National Rural Utilities p 04125101 01/15/10 1,050,000 1,004,357· 45,643 NIA N/A NJA 45,643

Security GMNA p 04/30/09 01/19110 608 608 - NIA NIA NIA

Security Federal Home Loan p 02/18109 02116/10 10,626 · 10,920 (294) NIA NIA N/A (294) Mortgage Corp.

Security Federal Home Loan p 02/18/09 02116110 9,273 9,582 (309) NIA NIA NIA (309) ,. Mortgage Corp.

Secunty GMNA p 04/30109 02116/10 614 614 - NIA NIA NIA

Security AOL, Inc. p 11125/09 02119/10 . 160,923 153,383 7,540 NIA N/A NIA 7,540

Security Canadian Pacific 09/19/08 02119/10 1,453,023 1,716,129 (263, 106) NIA NIA NIA (263, 106) Railway LTD p

Security Canadian Pacific 09119108 02/19110 48,671 57,685. (9,014) NIA NIA NIA (9,014) Railway LTD p

Security Graco, Inc. p 09120105 02/19110 1,618,341 2,033,556 (415,215) NIA NIA NIA (415,215) 09121/05

Security Johnson & Johnson p 03111/02 02119110 929,357 924,179 5,178 NIA NIA NIA 5,178

Security Federal Home Loan p 02118109 03115110 9,975 10,251 (276) N/A NIA NIA (276) Mortgage Corp.

Security Federal Home Loan p 02118/09 03/15/10 12,34:4 12,755 {411) NIA NIA NIA (411) Mortgage Corp.

Security GMNA p 04130109 03/15110 618 618 NIA NIA NIA

Security USA Treasury Note p 12112106 03/24110 4,260,002 4,010,000 250,002 NIA NIA NIA 250,002 ~

Security Federal Home Loan p 02/18/09 04/15/10 10,510 10,800 (290) N/A NIA NIA (290) Mortgage Corp. J

. Security Federal Home Loan p 02118109 04115/10 10,729 11,086 . (357) N/A NIA NIA (357)

Mortgage Corp. ATTACHEMENT 22 (1 OF 4)

PAGE48

SARAH SCA,; i: FOUNDATION INCORPORATED

SCHEDULE OF GAINS (LOSSES) FOR TAX ON .INVESTMENT INCOME FOR THE YEAR ENDED DECEMBER 31, 2010

(a) (b) (c) (d) (e) (f) (h) (i) 0) (k) (I) (m) Losses from

How Cost or Fair Market column (J) Acquired Gross · Other Basis Value as of and gains .

c

Kind of P-Purchase Date Date/Sold Sates and Expense Gain {loss) December Ad Justed Expense of (j) (excess (i) Pr_QQ_e_rjy Description D-Donated AQJUired Matured Price of Sate {f) less(!:)) '• 31, :1969 Cost Basis over (k) over (I}) •

Security GMNA p 04/30109 04115/10 s 623 $ 623 $ NJA" NJA NIA $

· Security Federal Home Loan p 02/18/09 05/17110 10, 110 10,389 (279) NIA NJA NIA (279) Mortgage Corp.

Security Federal Home Loan p 02/18109 05117/10 9,804 10, 131 (327) N/A NIA NIA (327) Mortgage Corp.

Security GMNA p 04/30/09 05117/10 624 624 - N/A NIA NIA

Security Blackrock, Inc. p 02/20109 05/21/10 1,612,290 999,955 612,335 NIA NIA N/A 612,335

Security !Shares Russell 2000 Index p 03/12/03 05/21/10 1,n4,~25. 969,058 805,667 NIA NIA NIA 805,667

Security Qualcomm, Inc. p 05116/08 05/21/10 2,000,874 2,555,689 (554,815) NIA NIA NIA (554,815)

Security General Electric Co. p 03/15/85 05/24110 3,259,999 1,475,940 1,784,059 NIA NIA NIA 1,784,059 10/19187 09/30/02

Security General Electric Co. p 03105182 05125110 771,800 130,450 641,350 NIA NIA NIA 641,350 03/22185

Security Federal Home Loan p 02/18/09 06/15110 9,326 9,584 (258) NIA NJA NIA (258) Mortgage Corp.

.Security Federal Home Loan p 02/18/09 06/15/10 9,079 9,381 (302) NIA NIA NIA (302) Mortgage Corp.

Security GMNA p 02/18109 06/16110 655 655 0 NIA NIA NIA 0

Security Federal Home Loan p 02/18109 07115/10 11,374 11,689 ('315) NIA NIA NIA (315) Mortgage Corp.

Security GMNA p 04/30/09 07116(10 651 651 0 NIA NIA N/A 0

Security Federal Home Loan p 02/18/09 07/18/10 9,320 9,630 (310) NIA NIA NIA (310) Mortgage Corp.

Security Diamond Offshore p 09/24107 07/28110 1,336,087 2,475,154 (1,139,067) NIA NIA NIA (1, 139,067) ~ Drilling, Inc. 09/25/07

ATT ACHEMENT 22 (2 OF 4) PAGE49

. . ' , . ~.

~ ,. . , .

SARAH S_: .• ,FE FOUNDATION INCORPORATED


(a) (b) (c) (d) (e) (f) . (h) (i} (j) (k) (I) (m) Losses from •

How Cost or Fair Market column (j) Acquired Gross Other Basis Value as of and gains ~

Kind of P-Purchase Date Date/Sold Sales and Expense Gain (Joss) December Adjusted Expense of 0) (excess (i) Pro12e!ll'. Descri12tion D-Donated Agiui~d Matured Price of Sale m less !!:ll 31, 1969 Cost Basis over (k) over (I}) •

Security Hewlett Packard Co. p 11/21/08 07/28/10 $ 2,305,283 $ 1,678,500 $ 626,783, N/A N/A NIA s 626,783

Security US Treasury Notes p 10/14/03 08/15/10 2,500,000 2,800,488 (300,488) NIA 'NIA NIA (300,488)

Security Federal Home Loan p 02118/09 08/16/10 9,262 9,518 (256) N/A N/A NIA (256) Mortgage Corp.

Security Federal Home Loan p 02118/09 08/16/10 8,563 8,848 (285) NIA NIA NIA (285) Mortgage Corp. ,

Security GMNA p 04/30/09 08/16/10 661 661 N/A NIA NIA

Security Federal Home Loan p 02118109 09110110 9,917 10,247 (330) NIA NIA N/A (330) Mortgage Corp.

Security Federal Home Loan p 02/18/09 09115110 10,837 11, 137 (300) NIA NIA NIA (300) Mortgage Corp. ,,

se,cunty Freddie Mac p 06/02/02 09/15110 1,000,000 1,113,047 (113,047) NIA NIA NIA (113,047)

Security GMNA p 04/30/09 09/16/10 667 667 NIA. NIA. NIA

Security Fastenal Co. p 05/22/09 09/16110 '2,297,367 1,465,014 832,353 NIA NIA NIA 832,353

Security Nike Inc. p 05119106 09116/10 900,413 460,915 439,498 NIA NIA NIA 439,498

Security Becton Dickinson & Co p 05119/06 09119110 1,606,038 t,3n,657 228,371 NIA NIA NIA 228,371 9125107

11121/08

Security !shares Russell 2000 p 03110103 09/19110 3,391,375 1,816,983 1,574,392 NIA NIA NIA 1,574,392 Index Fund

Security Microchip Technology Inc. p 09119/08 09119110 951,109 1,022,343 (71,234) NIA NIA NIA (71,234)

Security Federal Home Loan p 02/18/09 ,, 10/15110 12,909 13,266 (357) NIA NIA NIA (357) Mortgage Corp

Security Federal Home Loan p 02/18/09 1 10/15110 11,244 11,618 (374) NIA NIA N/A (37:4)

ATT ACHEMENT 22 (3 OP4) PAGE SO

SARAH SC...u.1FE FOUNDATION INCORPORATED


(a) (b) (c) (d) (e) (f) (h) . (i) 0) (k) (I) (m) ~ Losses from

How Cost or Fair Market column (j) -Acquired Gross Other Basis Value as of and gains •

Kind of P-Purchase Date._. Date/Sold Sales and Expense Gain (loss) December Adjusted Expense of (j) (excess (1) .

Propert,: Description D-Donated Agguired Matured Pace of Sale m less (h) 31, 1969 Cost Basis over {kl over (I)) Q

Security GMNA p 04/30/09 10/18/10 $ 6n . $ 677 $ NIA NIA NIA $

Security Federal Home Loan p 02/18/09 11/15/10 13, 168 13,532 (364) NIA . NIA NIA (364) Mortgage Corp.

._

Security Federal Home Loan p 02/18109 11/15/10 12.n4 1~.199 (425) NIA NIA NIA (425) Mortgage Corp.

Security US Treasury Note p 12/12/06 11115/10 4,000,000 .4,007,500 (7,500) NIA NIA NIA (7,500)

Security GMNA p 04/30109 11116110 654 654 NIA NIA NIA

Security Kellogg Co. p 11/22/05 11/19/10 1,303,860 1,199,586 104,274 NIA NIA NIA 104,274

Security Xilinx Inc. p 02/20/09 11/19/10 223,012 139,358 83,654 NIA NIA NIA 83,654 ;

Security Xilinx Inc. p 02/20/09 11/19110 2,216,362 1,375,057 841,305 NIA NIA NIA 841,305

Security Treasury Inflation Sei;vices p 10117110 11/30/10 630,673 . 553,984 ,. 76,689 NIA NfA NIA 76,689

Security Treasury Inflation Services p 10117110 12102/10 630,527 553,984 76,543 NIA NIA N/A 76,543

Security Treasury Inflation Services p 05108102 12/02/10 1,924,154 1,599,280 324,874 NIA NIA NIA 324,874

Security Federal Home Loan p 02/18109 12/15110 15,169 15,588 (419) NIA NIA NIA (419) Mortgage Corp.

Security Federal Home Loan p 02/18109 12/15/10 12,908 13,337 (429) NIA NIA NIA (429) Mortgage Corp.

Security Coca Cola Co. p 03106109 12/15110 370,172 322,000 48,172 NIA NIA N/A 48,172

Security GMNA p 04/30/09 12/16/10 726 726 NIA NIA NIA

Security US Treasury Note p 12/02/10 12116/10 100,202 1Q2,952 (2,750) NIA NIA NIA (2,750)

Security · US Treasury Note p 11/24110 12/16110 55,936 58,992 (3,056) NIA 'NIA NIA (3,056) , .. ~ . Security Treasury Inflation Services p 04126104 12f17/10 1oa,4n 562,538 145,939 NIA NIA N/A 145,939 . Security

O Treasury Inflation Services p 03/16/04 12/21/10 1,n9,407 1,474,465 304,942 N/A NIA NIA 304,942

"..

Secunty US Treasury Note p 12/06110 12/28110 258,141 262,695 (4,554) NIA NIA NIA {4,554)

~ 49.699,544 l 42,731,825 I 6,967,719 $ 6,967.719 r. . - y-;. • .,,..,; ,~~ _":; -- t ... ,i A.++.~GH~MEN+ ll ~4 QIL 4~

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