PENNER FAMILY FOUNDATION: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization: PENNER FAMILY FOUNDATION (EIN 81-0831228)
Tax period: 2019-01-01 to 2019-12-31
Filed: 2020-11-13
IRS object ID: 202043189349103284
Schema version: 2019v5.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Accounting Fees Schedule
Depreciation Schedule
Investments Other Schedule2
Other Expenses Schedule
Other Income Schedule2
Other Professional Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2020-11-13T15:19:53-06:00	ReturnTs
Tax Period End	2019-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	WALTON ENTERPRISES LLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 1860	AddressLine1Txt
City	BENTONVILLE	CityNm
State Abbreviation	AR	StateAbbreviationCd
ZIP	72712	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2019-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	810831228	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	PENNER FAMILY FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
In Care Of	% KARI HARRIS	InCareOfNm
Business Name Control	PENN	BusinessNameControlTxt
Phone	4794641570	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 1860	AddressLine1Txt
City	BENTONVILLE	CityNm
State Abbreviation	AR	StateAbbreviationCd
ZIP	72712	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	ROBERT A SMITH	PersonNm
Person Title	ASST. TREASURER	PersonTitleTxt
Phone	4794641500	PhoneNum
Signature	2020-11-01	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	KENT C CROUCH	PreparerPersonNm
PTIN	P00810750	PTIN
Phone	4794641500	PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	98.187.134.59	IPv4AddressTxt

Field	Value	IRS element (for citing)
Federal Original Submission Id	71504120203185000002	FederalOriginalSubmissionId
Federal Original Submission Id	2020-11-13	FederalOriginalSubmissionIdDt
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	C5CE2CB6658C0656BD6A6450AE8954D5EA3DB667	AtSubmissionCreationDeviceId
At Submission Filing Device Id	C5CE2CB6658C0656BD6A6450AE8954D5EA3DB667	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2019	TaxYr
Build TS	2021-04-22 16:20:28Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$189,658,348	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$0	ContriRcvdRevAndExpnssAmt
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Dividends Rev And Expnss	$4,535,448	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$4,531,838	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	$3,595,009	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$23,238,741	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$3,595,009	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	-$240,344	OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm	-$240,344	OtherIncomeNetInvstIncmAmt
Total Rev And Expnss	$7,890,113	TotalRevAndExpnssAmt
Total Net Invst Incm	$7,886,503	TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$0	CompOfcrDirTrstRevAndExpnssAmt
Accounting Fees Rev And Expnss	$22,749	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$0	AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm	$0	AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps	$22,749	AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss	$188,151	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$188,151	OtherProfFeesNetInvstIncmAmt
Interest Rev And Expnss	$1,042,756	InterestRevAndExpnssAmt
Interest Net Invst Incm	$1,042,756	InterestNetInvstIncmAmt
Taxes Rev And Expnss	$214,096	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$214,096	TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss	$618,649	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$618,369	OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl	$280	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$2,086,401	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$2,063,372	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm	$0	TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$23,029	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$16,656,600	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$16,656,600	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$18,743,001	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$2,063,372	TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm	$0	TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl	$16,679,629	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$10,852,888	ExcessRevenueOverExpensesAmt
Net Investment Income	$5,823,131	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$28,828	CashBOYAmt
Cash EOY	$99,201	CashEOYAmt
Cash EOYFMV	$99,201	CashEOYFMVAmt
Acct Rcvbl	$102,313	AcctRcvblAmt
Acct Rcvbl BOY	$59,368	AcctRcvblBOYAmt
Acct Rcvbl EOY	$102,313	AcctRcvblEOYAmt
Acct Rcvbl EOYFMV	$102,313	AcctRcvblEOYFMVAmt
Other Investments BOY	$183,010,046	OtherInvestmentsBOYAmt
Other Investments EOY	$172,043,840	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$189,456,834	OtherInvestmentsEOYFMVAmt
Total Assets BOY	$183,098,242	TotalAssetsBOYAmt
Total Assets EOY	$172,245,354	TotalAssetsEOYAmt
Total Assets EOYFMV	$189,658,348	TotalAssetsEOYFMVAmt
Total Liabilities BOY	$0	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Retained Earning BOY	$183,098,242	RetainedEarningBOYAmt
Retained Earning EOY	$172,245,354	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$183,098,242	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$172,245,354	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$183,098,242	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$172,245,354	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$183,098,242	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$10,852,888	ExcessRevenueOverExpensesAmt
Subtotal	$172,245,354	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$172,245,354	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Field	Value	IRS element (for citing)
Capital Gain Net Income	$3,595,009	CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Field	Value	IRS element (for citing)
Liable Section4942 Tax	false	LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1	$11,040,868	AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1	$198,312,962	NetVlNoncharitableAssetsYr1Amt
Distribution Yr1	0.055674	DistributionYr1Rt
Adjusted Qlfy Distri Yr2	$8,685,640	AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2	$174,789,432	NetVlNoncharitableAssetsYr2Amt
Distribution Yr2	0.049692	DistributionYr2Rt
Adjusted Qlfy Distri Yr3	$2,650,235	AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3	$41,409,885	NetVlNoncharitableAssetsYr3Amt
Distribution Yr3	0.064	DistributionYr3Rt
Adjusted Qlfy Distri Yr4	$0	AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4	$1,446,616	NetVlNoncharitableAssetsYr4Amt
Distribution Yr4	0.0	DistributionYr4Rt
Total Distribution	0.169366	TotalDistributionRt
Average Distribution	0.042342	AverageDistributionRt
Net Vl Noncharitable Assets	$189,813,894	NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets	$8,037,100	AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct	$58,231	NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct	$8,095,331	AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions	$16,679,629	QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	Yes (X)	DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax	$58,231	InvestmentIncomeExciseTaxAmt
Subtotal	$58,231	SubtotalAmt
Tax Based On Investment Income	$58,231	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$170,571	EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits	$170,571	TotalPaymentsAndCreditsAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Overpayment	$112,340	OverpaymentAmt
Applied To ES Tax	$112,340	AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	Yes (true)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (true)	Form990TFiledInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	DE	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	KARI HARRIS	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	4794641570	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 2030	AddressLine1Txt
City	BENTONVILLE	CityNm
State Abbreviation	AR	StateAbbreviationCd
ZIP	72712	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Uncorrected Prior Acts	false	UncorrectedPriorActsInd
Undistributed Income PY	false	UndistributedIncomePYInd
Undistr Incm Sect4942a2 Not App	false	UndistrIncmSect4942a2NotAppInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
CARRIE W PENNER
PO BOX 1860	BENTONVILLE	AR	72712	DIRECTOR;PRESIDENT	3.0	$0	$0	$0
GREGORY B PENNER
PO BOX 1860	BENTONVILLE	AR	72712	DIRECTOR; V.P. SECRETARY/TREAS	3.0	$0	$0	$0
RICHARD D CHAPMAN
PO BOX 1860	BENTONVILLE	AR	72712	ASS'T SECRETARY	1.0	$0	$0	$0
ROBERT A SMITH
PO BOX 1860	BENTONVILLE	AR	72712	ASS'T TREASURER	2.0	$0	$0	$0

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	GOLDMAN SACHS	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	71 SOUTH WACKER DRIVE SUITE 500	AddressLine1Txt
City	CHICAGO	CityNm
State Abbreviation	IL	StateAbbreviationCd
ZIP	60606	ZIPCd

Field	Value	IRS element (for citing)
Service Type	INVESTMENTS	ServiceTypeTxt
Compensation	$151,812	CompensationAmt

Field	Value	IRS element (for citing)
Summary Of Direct Chrtbl Acty		SummaryOfDirectChrtblActyGrp
Sum Of Program Related Invst		SumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$189,911,822	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$2,792,639	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$192,704,461	TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$192,704,461	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$2,890,567	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$189,813,894	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$9,490,695	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$9,490,695	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$58,231	TaxBasedOnInvestmentIncomeAmt
Total Tax	$58,231	TotalTaxAmt
Distributable Before Adj	$9,432,464	DistributableBeforeAdjAmt
Distributable Before Ded	$9,432,464	DistributableBeforeDedAmt
Distributable As Adjusted	$9,432,464	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$16,679,629	ExpensesAndContributionsAmt
Program Related Invst Total	$0	ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid	$0	CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test	$0	SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test	$0	SetAsideCashDistriTestAmt
Qualifying Distributions	$16,679,629	QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm	$58,231	PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri	$16,621,398	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$9,432,464	DistributableAsAdjustedAmt
Undistributed Income PY	$0	UndistributedIncomePYAmt
Prior Year1	2017	PriorYear1Yr
Prior Year2	2016	PriorYear2Yr
Prior Year3	2015	PriorYear3Yr
Total For Prior Years	$0	TotalForPriorYearsAmt
Excess Distribution Cyov Yr4	$0	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$2,038,046	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$2,228,806	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$1,200,804	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$5,467,656	TotalExcessDistributionCyovAmt
Qualifying Distributions	$16,679,629	QualifyingDistributionsAmt
Applied To Year1	$0	AppliedToYear1Amt
Applied To Current Year	$9,432,464	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$7,247,165	RemainingDistriFromCorpusAmt
Total Corpus	$12,714,821	TotalCorpusAmt
Prior Year Undistributed Incm	$0	PriorYearUndistributedIncmAmt
Taxable1	$0	Taxable1Amt
Taxable2	$0	Taxable2Amt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$12,714,821	ExcessDistriCyovToNextYrAmt
Excess From Year4	$0	ExcessFromYear4Amt
Excess From Year3	$2,038,046	ExcessFromYear3Amt
Excess From Year2	$2,228,806	ExcessFromYear2Amt
Excess From Year1	$1,200,804	ExcessFromYear1Amt
Excess From Current Year	$7,247,165	ExcessFromCurrentYearAmt

Field	Value	IRS element (for citing)
Private Operating Foundations		PrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	CARRIE W PENNER	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (52 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt	Address Line2RecipientUSAddress/AddressLine2Txt
ASPEN COUNTRY DAY SCHOOL
85 COUNTRY DAY WAY	ASPEN	CO	81611	PC	EDUCATION	$25,000
BROWN UNIVERSITY
PO BOX 1877	PROVIDENCE	RI	02912	PC	EDUCATION	$335,000
CALmatters
1017 L STREET 261	SACRAMENTO	CA	95814	PC	COMMUNITY SERVICES	$250,000
CHARLES ARMSTRONG SCHOOL
1405 SOLANA DRIVE	BELMONT	CA	94002	PC	EDUCATION	$5,000
FULLER THEOLOGICAL SEMINARY
135 N OAKLAND AVENUE	PASADENA	CA	91182	PC	EDUCATION	$2,510,000
GEORGETOWN UNIVERSITY
37TH O STREETS NW	WASHINGTON	DC	20057	PC	EDUCATION	$2,045,000
GOVERNOR DUMMER ACADEMY
1 ELM STREET	BYFIELD	MA	01922	PC	EDUCATION	$25,000
HONORED FOUNDATION
1645 31ST STREET NW	WASHINGTON	DC	20007	PC	EDUCATION	$25,000
KIPP FOUNDATION
135 MAIN STREET SUITE 1700	SAN FRANCISCO	CA	94105	PC	EDUCATION	$80,000
MENLO SCHOOL
50 VALPARAISO	ATHERTON	CA	94027	PC	EDUCATION	$10,000
NEW YORK ROAD RUNNERS
156 W56TH STREET 3RD FLOOR	NEW YORK	NY	10019	PC	ATHLETICS/SPORTS	$10,000
PENINSULA OPEN SPACE TRUST
222 HIGH STREET	PALO ALTO	CA	94301	PC	ENVIRONMENT	$1,000
PHILLIPS BROOKS SCHOOL
2245 AVY AVENUE	MENLO PARK	CA	94025	PC	EDUCATION	$5,000
POSITIVE COACHING ALLIANCE
1001 N RENGSLORFF AVENUE SUITE 10	MOUNTAIN VIEW	CA	94043	PC	YOUTH DEVELOPMENT	$5,000
SACRED HEART SCHOOL ATHERTON
150 VALPARAISO AVENUE	ATHERTON	CA	94027	PC	EDUCATION	$50,000
ST PAUL'S SCHOOL
325 PLEASANT STRRET	CONCORD	NH	03301	PC	EDUCATION	$883,000
STAR ROCK MINISTRIES
PO BOX 966	SAN CLEMENTE	CA	92674	PC	COMMUNITY SERVICES	$20,000
TEACH FOR AMERICA
940 HOWARD STREET	SAN FRANCISCO	CA	94103	PC	EDUCATION	$50,000
THE ASPEN INSTITUTE
1 DUPONT CIRCLE NW	WASHINGTON	DC	20036	PC	COMMUNITY DEVELOPMENT	$3,598,600
LELAND STANFORD JUNIOR UNIVERSITY
326 GALVEZ STREET	STANFORD	CA	94305	PC	EDUCATION	$2,560,000
THE NUEVA SCHOOL
6565 SKYLINE BLVD	HILLSBOROUGH	CA	94010	PC	EDUCATION	$10,000
THE OPPORTUNITY TRUST
4880 MARYLAND AVENUE 260	ST LOUIS	MO	63108	PC	EDUCATION	$250,000
TRUSTEES OF DEERFIELD ACADEMY
7 BOYDEN LANE	DEERFIELD	MA	01342	PC	EDUCATION	$50,000
USA WATER POLO INC
2124 MAIN STREET SUITE 240	HUNTINGTON BEACH	CA	92648	PC	YOUTH DEVELOPMENT	$2,050,000
YOUNG LIFE FOUNDATION
PO BOX 520	COLORADO SPRINGS	CO	80901	PF	YOUTH DEVELOPMENT	$10,000	INTERNATIONAL SERVICE CENTER
AMERICAN FEDERATION FOR CHILDREN GROWTH FUND
1020 19TH STREET	WASHINGTON	DC	20036	PC	GENERAL SUPPORT	$10,000
AMERICAN MUSEUM OF NATURAL HISTORY
79TH STREET CENTRAL PARK W	NEW YORK	NY	10024	PC	ARTS & CULTURE/HUMANITIES	$10,000
CALIFORNIA ACADEMY OF SCIENCES
55 MUSIC CONCOURSE DRIVE	SAN FRANCISCO	CA	94118	PC	EDUCATION IMPROVEMENT	$30,000
CHILD ADVOCATES OF SILICON VALLEY INC
509 VALLEY WAY BUILDING 2	MILPITAS	CA	95035	PC	CHILDHOOD DEVELOPMENT	$5,000
CHILDREN'S HEALTH COUNCIL INC
600 CLARK WAY	PALO ALTO	CA	94304	PC	HEALTH AND FITNESS	$1,000
CHURCH OF PIONEERS FOUNDATION
1155 UNIVERSITY DRIVE BUILDING 3	MENLO PARK	CA	94025	PC	RELIGION	$5,000
COACHING CORPS
310 EIGHTH STREET SUITE 300	OAKLAND	CA	94607	PC	COMMUNITY YOUTH PROGRAMS/YOUTH DEVELOPMENT	$10,000
COMMITTEE FOR A RESPONSIBLE FEDERAL BUDGET
1900 M STREET NW SUITE 850	WASHINGTON	DC	20036	PC	RESEARCH AND PUBLIC POLICY	$100,000
EDGEWOOD CENTER FOR CHILDREN AND FAMILIES
1801 VICENTE STREET	SAN FRANCISCO	CA	94116	PC	HEALTH AND FITNESS	$1,000
ENVIRONMENTAL WORKING GROUP
1436 U STREET NW SUITE 100	WASHINGTON	DC	20009	PC	HEALTH AND ENVIRONMENT	$1,000
FRIENDS OF PALO ALTO JUNIOR MUSEUM AND ZOO
4050 MIDDLEFIELD ROAD	PALO ALTO	CA	94303	PC	ZOO AND ZOOLOGICAL STUDIES	$1,000
HABITAT FOR HUMANITY GREATER SAN FRANCISCO
500 WASHINGTON STREET SUITE 250	SAN FRANCISCO	CA	94111	PC	HOUSING AND SHELTER	$10,000
KQED INC
2601 MARIPOSA STREET	SAN FRANCISCO	CA	94110	PC	MEDIA & COMMUNICATIONS	$5,000
LUCILE PACKARD FOUNDATION FOR CHILDREN'S HEALTH
400 HAMILTON AVENUE SUITE 340	PALO ALTO	CA	94301	PC	HEALTH & FITNESS	$10,000
MONTEREY BAY AQUARIUM FOUNDATION
886 CANNERY ROW	MONTEREY	CA	93940	PC	ZOO AND ZOOLOGICAL STUDIES	$10,000
NATIONAL CHRISTIAN FOUNDATION INC
11625 RAINWATER DRIVE SUITE 500	ALPHARETTA	GA	30009	PC	RELIGION	$25,000
PROTECT OUR WINTERS
4676 BROADWAY STREET	BOULDER	CO	80304	PC	ENVIRONMENT	$10,000
THE EXPLORATORIUM
PIER 17 SUITE 100	SAN FRANCISCO	CA	94111	PC	COMMUNITY DEVELOPMENT	$2,000
THE NATURE CONSERVANCY
201 MISSION STREET 4TH FLOOR	SAN FRANCISCO	CA	94105	PC	ENVIRONMENT	$5,000
THE TRUST FOR HIDDEN VILLA
26870 MOODY ROAD	LOS ALTOS	CA	94022	PC	COMMUNITY DEVELOPMENT	$1,000
USA CYCLING DEVELOPMENT FOUNDATION
210 USA CYCLING POINT SUITE 100	COLORADO SPRINGS	CO	80919	PC	ATHLETICS/SPORTS	$25,000
ROBERTS ENTERPRISE DEVELOPMENT FUND
2 EMBARCADERO CENTER SUITE 650	SAN FRANCISCO	CA	94111	PC	COMMUNITY DEVELOPMENT	$1,000,000
TEACH FOR ALL INC
25 BROADWAY 12TH FLOOR	NEW YORK	NY	10004	PC	EDUCATION IMPROVEMENT	$500,000
MIDPENINSULA REGIONAL OPEN SPACE DISTRICT
330 DISTEL CIRCLE	LOS ALTOS	CA	94022	PC	ENVIRONMENT	$5,000
SAN JOSE CHILDREN'S DISCOVERY MUSEUM
180 WOZ WAY	SAN JOSE	CA	95110	PC	COMMUNITY YOUTH PROGRAMS	$1,000
THE ONE LOVE FOUNDATION
PO BOX 368	BRONXVILLE	NY	10708	PC	DOMESTIC VIOLENCE	$10,000
THE TECH MUSEUM OF INNOVATION
201 S MARKET STREET	SAN JOSE	CA	95113	PC	ARTS & CULTURE/HUMANITIES	$1,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$16,656,600	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Field	Value	IRS element (for citing)
Fees Contracts From Govt Ag		FeesContractsFromGovtAgGrp
Membership Dues And Assmnt		MembershipDuesAndAssmntGrp
Int On Sav And Temp Cash Invst		IntOnSavAndTempCashInvstGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$4,531,838	ExclusionAmt
Related Or Exempt Function Incm	$3,610	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Net Rntl Incm Re Debt Fincd Prop		NetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd Prop		NetRntlIncmReNotDebtFincdProp
Net Rental Income Personal Prop		NetRentalIncomePersonalPropGrp
Other Investment Incm Part VII		OtherInvestmentIncmPartVIIGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	$3,595,009	ExclusionAmt

Field	Value	IRS element (for citing)
Net Income Loss From Special Evt		NetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of Invntry		GrossProfitLossSlsOfInvntryGrp

Other Revenue Described OtherRevenueDescribedGrp

Field	Value	IRS element (for citing)
Desc	PASS THROUGH - OTHER INCOME (LOSS)	Desc
Business	523000	BusinessCd
Unrelated Business Taxbl Incm	$2,110	UnrelatedBusinessTaxblIncmAmt
Exclusion	-$242,454	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	$2,110	UnrelatedBusinessTaxblIncmAmt
Exclusion	$7,884,393	ExclusionAmt
Related Or Exempt Function Incm	$3,610	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$7,890,113	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	ACCOUNTING FEES	CategoryTxt
Amt	$22,749	Amt
Disbursements Charitable Prps	$22,749	DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (4 entries)

Category Or ItemCategoryOrItemTxt	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
NORTHERN TRUST INVESTMENTS	$127,104,145	$141,609,114
NT - R1O0O ACCOUNT	$5,789,793	$7,167,377
GOLDMAN SACHS - PUT ACCOUNT	$22,120,026	$22,525,539
GOLDMAN SACHS - CALL ACCOUNT	$17,029,876	$18,154,804

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt	Net Investment IncomeNetInvestmentIncomeAmt
CT CORP FEES	$255	$255
PASS THROUGH OTHER DEDUCTIONS	$612,629		$612,629
PASS THROUGH ROYALTY EXPENSE	$534		$534
NT - MISC. INVESTMENT EXPENSE	$60		$60
DE FRANCHISE TAX	$25	$25
PASS THROUGH COST DEPELETION	$5,146		$5,146

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (5 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt
PASS THROUGH ROYALTIES	$5,502	$5,502
PASS THROUGH OTHER INCOME/(lOSS)	-$237,495	-$237,495
PASS THROUGH SECTION 988 GAIN/(LOSS)	-$14,293	-$14,293
PASS THROUGH RENTS	-$1,804	-$1,804
NT - OTHER INCOME	$7,746	$7,746

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

Field	Value	IRS element (for citing)
Category	INVESTMENT FEES	CategoryTxt
Amt	$188,151	Amt
Net Investment Income	$188,151	NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt
NT FOREIGN TAXES	$42,277	$42,277
PASS THROUGH FOREIGN TAXES	$171,819	$171,819