WEILL FAMILY FOUNDATION: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization: WEILL FAMILY FOUNDATION (EIN 13-6223609)
Tax period: 2016-01-01 to 2016-12-31
Filed: 2017-08-31
IRS object ID: 201702439349100715
Schema version: 2016v3.1
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
Schedule B
Accounting Fees Schedule
Contractor Compensation Expln
Depreciation Schedule
Investments Corp Stock Schedule
Legal Fees Schedule
Other Assets Schedule
Other Decreases Schedule
Other Expenses Schedule
Other Income Schedule2
Other Professional Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2017-08-31T13:33:14-05:00	ReturnTs
Tax Period End	2016-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	Independent Family Office LLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	677 Broadway 7th Floor	AddressLine1Txt
City	Albany	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	12201	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2016-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	136223609	EIN

Business Name BusinessName

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

Field	Value	IRS element (for citing)
In Care Of	% INDEPENDENT FAMILY OFFICE L	InCareOfNm
Business Name Control	WEIL	BusinessNameControlTxt
Phone	2127938888	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 10879	AddressLine1Txt
City	Albany	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	12201	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	SANFORD I WEILL	PersonNm
Person Title	CHAIRMAN	PersonTitleTxt
Phone	2127938888	PhoneNum
Signature	2017-08-27	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Viju P Rajan	PreparerPersonNm
PTIN	P01063393	PTIN
Phone	5184528050	PhoneNum
Preparation	2017-08-22	PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	71.244.122.95	IPv4AddressTxt

Field	Value	IRS element (for citing)
Federal Original Submission Id	14293720172435000002	FederalOriginalSubmissionId
Federal Original Submission Id	2017-08-31	FederalOriginalSubmissionIdDt
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	BBD175DB3F02AD2DDF53DABC66CA404B31E69447	AtSubmissionCreationDeviceId
At Submission Filing Device Id	BBD175DB3F02AD2DDF53DABC66CA404B31E69447	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2016	TaxYr
Build TS	2021-01-29 14:40:06Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Address Change	Yes (X)	AddressChangeInd
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$181,653,557	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	$63,542,340	ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss	$129,173	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$129,173	InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss	$876,831	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$876,831	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	$1,393,600	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$31,651,700	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$10,970,725	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	$194,958	OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm	$103,381	OtherIncomeNetInvstIncmAmt
Total Rev And Expnss	$66,136,902	TotalRevAndExpnssAmt
Total Net Invst Incm	$12,080,110	TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$0	CompOfcrDirTrstRevAndExpnssAmt
Legal Fees Rev And Expnss	$7,515	LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm	$0	LegalFeesNetInvstIncmAmt
Legal Fees Adj Net Incm	$0	LegalFeesAdjNetIncmAmt
Legal Fees Dsbrs Chrtbl	$0	LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$65,138	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$0	AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm	$0	AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps	$0	AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss	$50,000	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$50,000	OtherProfFeesNetInvstIncmAmt
Interest Rev And Expnss	$2,248	InterestRevAndExpnssAmt
Interest Net Invst Incm	$2,248	InterestNetInvstIncmAmt
Taxes Rev And Expnss	$232,442	TaxesRevAndExpnssAmt
Printing And Pub Rev And Expnss	$150	PrintingAndPubRevAndExpnssAmt
Other Expenses Rev And Expnss	$202,719	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$202,628	OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss	$560,212	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$254,876	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm	$0	TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$15,095,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$15,095,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$15,655,212	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$254,876	TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm	$0	TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl	$15,095,000	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$50,481,690	ExcessRevenueOverExpensesAmt
Net Investment Income	$11,825,234	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$1,284,688	CashBOYAmt
Cash EOY	$348,975	CashEOYAmt
Cash EOYFMV	$348,975	CashEOYFMVAmt
Sav And Temp Cash Invst BOY	$53,865,113	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$52,149,221	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$52,149,221	SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY	$9,141,500	CorporateStockBOYAmt
Corporate Stock EOY	$48,295,928	CorporateStockEOYAmt
Corporate Stock EOYFMV	$48,132,360	CorporateStockEOYFMVAmt
Other Assets BOY	$53,780,543	OtherAssetsBOYAmt
Other Assets EOY	$67,538,630	OtherAssetsEOYAmt
Other Assets EOYFMV	$81,023,001	OtherAssetsEOYFMVAmt
Total Assets BOY	$118,071,844	TotalAssetsBOYAmt
Total Assets EOY	$168,332,754	TotalAssetsEOYAmt
Total Assets EOYFMV	$181,653,557	TotalAssetsEOYFMVAmt
Total Liabilities BOY	$0	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117	Yes (X)	OrgDoesNotFollowSFAS117Ind
Retained Earning BOY	$118,071,844	RetainedEarningBOYAmt
Retained Earning EOY	$168,332,754	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$118,071,844	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$168,332,754	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$118,071,844	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$168,332,754	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$118,071,844	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$50,481,690	ExcessRevenueOverExpensesAmt
Subtotal	$168,553,534	SubtotalAmt
Other Decreases	$220,780	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$168,332,754	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (20 entries)

PropertyPropertyDesc	How AcquiredHowAcquiredCd	AcquiredAcquiredDt	SoldSoldDt	Gross Sales PriceGrossSalesPriceAmt	Cost Or Other BasisCostOrOtherBasisAmt	Gain Or LossGainOrLossAmt	Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
TEGEAN OFFSHORE FUND, LTD.	P	2013-02-01	2016-12-31	$1,233,685	$1,111,142	$122,543	$122,543
50,000 SHARES OF JNJ	D	2014-01-29	2016-04-19	$5,654,942	$4,454,630	$1,200,312	$1,200,312
50,000 SHARES OF VZ	D	2014-02-24	2016-07-11	$2,795,204	$2,347,705	$447,499	$447,499
50,000 SHARES OF T	D	2014-02-11	2016-07-11	$2,126,794	$1,647,400	$479,394	$479,394
13,204 SHARES OF BRK.B	D	2011-08-26	2016-07-05	$1,883,550	$918,910	$964,640	$964,640
9,222 SHARES OF BRK.B	D	2011-09-21	2016-07-05	$1,314,341	$635,635	$678,706	$678,706
6,322 SHARES OF BRK.B	D	2012-02-29	2016-07-05	$901,026	$499,015	$402,011	$402,011
6,542 SHARES OF BRK.B	D	2012-03-06	2016-07-05	$932,381	$512,811	$419,570	$419,570
500 SHARES OF BRK.B	D	2012-03-06	2016-07-05	$71,248	$39,194	$32,054	$32,054
4,250 SHARES OF BRK.B	D	2013-06-13	2016-10-04	$608,852	$479,213	$129,639	$129,639
14,858 SHARES OF BRK.B	D	2014-01-30	2016-10-04	$2,128,548	$1,673,541	$455,007	$455,007
39,422 SHARES OF SCHW	D	2011-09-21	2016-10-04	$1,265,399	$461,083	$804,316	$804,316
28,839 SHARES OF SCHW	D	2012-02-29	2016-10-04	$923,898	$401,566	$522,332	$522,332
69,240 SHARES OF SCHW	D	2012-10-09	2016-10-05	$2,235,088	$901,008	$1,334,080	$1,334,080
18,377 SHARES OF SCHW	D	2013-06-13	2016-10-05	$596,045	$360,534	$235,511	$235,511
10,000 SHARES OF GS	D	2014-02-26	2016-11-15	$2,070,584	$1,624,770	$445,814	$445,814
5,000 SHARES OF GS	D	2014-02-14	2016-11-18	$1,056,666	$817,595	$239,071	$239,071
28,475 SHARES OF WFC	D	2011-04-18	2016-09-29	$1,282,922	$840,400	$442,522	$442,522
22,355 SHARES OF WFC	D	2011-09-21	2016-09-29	$1,007,189	$557,102	$450,087	$450,087
12,590 SHARES OF WFC	D	2012-02-29	2016-09-29	$567,234	$397,721	$169,513	$169,513

Field	Value	IRS element (for citing)
Capital Gain Net Income	$10,970,725	CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Field	Value	IRS element (for citing)
Liable Section4942 Tax	false	LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1	$3,305,000	AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1	$121,757,893	NetVlNoncharitableAssetsYr1Amt
Distribution Yr1	0.027144	DistributionYr1Rt
Adjusted Qlfy Distri Yr2	$856,600	AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2	$82,096,985	NetVlNoncharitableAssetsYr2Amt
Distribution Yr2	0.010434	DistributionYr2Rt
Adjusted Qlfy Distri Yr3	$1,290,500	AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3	$66,454,434	NetVlNoncharitableAssetsYr3Amt
Distribution Yr3	0.019419	DistributionYr3Rt
Adjusted Qlfy Distri Yr4	$442,500	AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4	$58,307,510	NetVlNoncharitableAssetsYr4Amt
Distribution Yr4	0.007589	DistributionYr4Rt
Adjusted Qlfy Distri Yr5	$28,022,793	AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5	$67,488,898	NetVlNoncharitableAssetsYr5Amt
Distribution Yr5	0.415221	DistributionYr5Rt
Total Distribution	0.479807	TotalDistributionRt
Average Distribution	0.095961	AverageDistributionRt
Net Vl Noncharitable Assets	$150,198,255	NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets	$14,413,175	AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct	$118,252	NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct	$14,531,427	AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions	$15,095,000	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	$118,252	InvestmentIncomeExciseTaxAmt
Subtotal	$118,252	SubtotalAmt
Tax Based On Investment Income	$118,252	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$197,905	EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits	$197,905	TotalPaymentsAndCreditsAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Overpayment	$79,653	OverpaymentAmt
Applied To ES Tax	$79,653	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	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	CA	OrgReportOrRegisterStateCd
Org Report Or Register State	NY	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
Website Address	N/A	WebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	INDEPENDENT FAMILY OFFICE LLC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	5184528050	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	677 BROADWAY	AddressLine1Txt
City	Albany	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	12207	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
Proceeds Or Net Income	false	ProceedsOrNetIncomeInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (9 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
SANFORD I WEILL
PO BOX 10879	Albany	NY	12201	CHAIRMAN, TREAS, DIR	5.0	$0	$0	$0
JOAN H WEILL
PO BOX 10879	Albany	NY	12201	PRESIDENT, DIRECTOR	5.0	$0	$0	$0
MICHAEL T MASIN
PO BOX 10879	Albany	NY	12201	SECRETARY, DIRECTOR	1.0	$0	$0	$0
JESSICA BIBLIOWICZ
PO BOX 10879	Albany	NY	12201	DIRECTOR	1.0	$0	$0	$0
ARTHUR MAHON
PO BOX 10879	Albany	NY	12201	ASST SEC, ASST TREAS, DIRECTOR	1.0	$0	$0	$0
KEN BIALKIN
PO BOX 10879	Albany	NY	12201	DIRECTOR	1.0	$0	$0	$0
Tommy Bibliowicz
PO BOX 10879	Albany	NY	12201	Director	1.0	$0	$0	$0
David Bibliowicz
PO BOX 10879	Albany	NY	12201	Director	1.0	$0	$0	$0
MICHAEL FREEDMAN
PO BOX 10879	Albany	NY	12201	CHIEF INVESTMENT OFFICER, DIR	1.0	$0	$0	$0

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Service TypeServiceTypeTxt	CompensationCompensationAmt
Independent Family Office LLC
PO Box 3977	ALBANY	NY	12203	Tax & Reporting	$100,000
RRE Advisors LLC
130 East 59th Street 17th Floor	NEW YORK	NY	10022	Investment Mgmt	$124,677

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	$29,270,116	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$57,995,842	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$65,219,580	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$152,485,538	TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$152,485,538	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$2,287,283	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$150,198,255	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$7,509,913	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$7,509,913	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$118,252	TaxBasedOnInvestmentIncomeAmt
Total Tax	$118,252	TotalTaxAmt
Distributable Before Adj	$7,391,661	DistributableBeforeAdjAmt
Distributable Before Ded	$7,391,661	DistributableBeforeDedAmt
Distributable As Adjusted	$7,391,661	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$15,095,000	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	$15,095,000	QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm	$118,252	PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri	$14,976,748	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$7,391,661	DistributableAsAdjustedAmt
Undistributed Income PY	$0	UndistributedIncomePYAmt
Prior Year1	2014	PriorYear1Yr
Prior Year2	2013	PriorYear2Yr
Prior Year3	2012	PriorYear3Yr
Total For Prior Years	$0	TotalForPriorYearsAmt
Excess Distribution Cyov Yr5	$794,582	ExcessDistributionCyovYr5Amt
Total Excess Distribution Cyov	$794,582	TotalExcessDistributionCyovAmt
Qualifying Distributions	$15,095,000	QualifyingDistributionsAmt
Applied To Year1	$0	AppliedToYear1Amt
Applied To Current Year	$7,391,661	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$7,703,339	RemainingDistriFromCorpusAmt
Total Corpus	$8,497,921	TotalCorpusAmt
Prior Year Undistributed Incm	$0	PriorYearUndistributedIncmAmt
Taxable1	$0	Taxable1Amt
Taxable2	$0	Taxable2Amt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5	$794,582	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$7,703,339	ExcessDistriCyovToNextYrAmt
Excess From Current Year	$7,703,339	ExcessFromCurrentYearAmt

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

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	SANFORD I WEILL	ContributingManagerNm
Contributing Manager	JOAN H WEILL	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (11 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt	Address Line2RecipientUSAddress/AddressLine2Txt
Carnegie Hall Society Inc
881 Seventh Avenue	New York	NY	10019	NONE	PC	GENERAL CHARITABLE PURPOSES	$100,000
Connecticut River Foundation at Steamboat Dock Inc
67 Main Street	Essex	CT	06426	NONE	PC	GENERAL CHARITABLE PURPOSES	$25,000
Council on Foreign Relations Inc
58 East 68th St	New York	NY	10065	NONE	PC	GENERAL CHARITABLE PURPOSES	$25,000
Lang Lang International Music Foundation Inc
350 Seventh Avenue	New York	NY	10001	NONE	PC	GENERAL CHARITABLE PURPOSES	$100,000	Suite 2202
NAPA VALLEY FESTIVAL ASSOCIATION
1850 SOSCOL AVENUE SUITE 205	NAPA	CA	94559	NONE	PC	GENERAL CHARITABLE PURPOSES	$10,000
Individuals Now Inc Social Advocates for Youth
2447 SUMMERFIELD ROAD	Santa Rosa	CA	95405	NONE	PC	GENERAL CHARITABLE PURPOSES	$25,000
CODE-TO-LEARN FOUNDATION
7315 WISCONSIN AVENUE 4TH FLOOR WE	BETHESDA	MD	20814	NONE	PC	GENERAL CHARITABLE PURPOSES	$10,000
Sonoma Valley Vintners and Growers Foundation
783 Broadway	Sonoma	CA	95476	NONE	PC	GENERAL CHARITABLE PURPOSES	$100,000
Cornell University
130 East Seneca Street Suite 400	Ithaca	NY	14850	NONE	PC	GENERAL CHARITABLE PURPOSES	$7,393,529
Cornell University
130 East Seneca Street Suite 400	Ithaca	NY	14850	NONE	PC	GENERAL CHARITABLE PURPOSES	$2,306,471
University of California San Francisco
220 Montgomery Street 5th Floor	San Francisco	CA	94143	NONE	PC	GENERAL CHARITABLE PURPOSES	$5,000,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$15,095,000	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

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$129,173	ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$876,831	ExclusionAmt

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

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$103,381	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	$1,393,600	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	TAX REFUND	Desc
Exclusion	$91,577	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$2,594,562	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$2,594,562	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

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum
Contributor Person	Sanford I Weill	ContributorPersonNm

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO Box 10879	AddressLine1Txt
City	Albany	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	12201	ZIPCd

Field	Value	IRS element (for citing)
Total Contributions	$63,542,340	TotalContributionsAmt
Noncash Contribution	Yes (X)	NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp (12 entries)

ContributorContributorNum	Noncash PropertyNoncashPropertyDesc	Fair Market ValueFairMarketValueAmt	ReceivedReceivedDt
1	50,000 SHARES OF JOHNSON & JOHNSON (JNJ)	$5,380,000	2016-03-11
1	100,000 SHARES OF DELTA AIR LINES INC. (DAL)	$5,022,000	2016-03-21
1	45,000 SHARES OF MONSANTO COMPANY (MON)	$4,221,074	2016-04-21
1	35,790 SHARES OF BERKSHIRE HATHAWAY INC. B (BRK.B)	$5,192,592	2016-05-03
1	50,000 SHARES OF VERIZON COMMUNICATIONS INC. (VZ)	$2,831,750	2016-07-05
1	250,000 SHARES OF AT&T INC. (T)	$10,902,500	2016-07-05
1	200,000 SHARES OF VERIZON COMMUNICATIONS INC. (VZ)	$11,327,000	2016-07-05
1	144,968 SHARES OF BROOKFIELD ASSET MANAGEMENT INC. CLASS A (BAM)	$5,103,309	2016-09-28
1	19,108 SHARES OF BERKSHIRE HATHAWAY INC. B (BRK.B)	$2,765,405	2016-09-28
1	155,878 SHARES OF CHARLES SCHWAB CORP. (SCHW)	$4,809,616	2016-09-28
1	63,420 SHARES OF WELLS FARGO & CO (WFC)	$2,867,694	2016-09-28
1	15,000 SHARES OF GOLDMAN SACHS GROUP INC. (GS)	$3,119,400	2016-11-14

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail (2 entries)

CategoryCategoryTxt	AmtAmt
AUDIT FEES	$15,138
TAX PREPARATION	$50,000

Contractor Compensation Expln ContractorCompensationExpln

Contractor Comp Expln ContractorCompExplnGrp (2 entries)

ExplanationExplanationTxt
Independent Family Office LLC
PROVIDE TAX AND REPORTING SERVICES
RRE Advisors LLC
PROVIDE INVESTMENT MANAGEMENT

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (8 entries)

StockStockNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
AMEX PREFERRED STOCK	$2,000,000	$1,985,000
APPLE INC.	$7,141,500	$6,949,200
AT&T INC.	$8,722,000	$8,506,000
BAYER AG	$4,917,064	$5,223,160
DELTA AIR LINES INC.	$2,511,000	$2,459,500
MONSANTO COMPANY	$9,838,829	$10,521,000
TEVA PHARMACEUTICAL INDUSTRIES	$1,838,535	$1,812,500
VERIZON COMMUNICATIONS INC.	$11,327,000	$10,676,000

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Field	Value	IRS element (for citing)
Category	LEGAL FEES	CategoryTxt
Legal Fees	$7,515	LegalFeesAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (16 entries)

DescDesc	BOY Book ValueBOYBookValueAmt	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
BLACKSTONE GROUP, LP	$0	$5,236,645	$5,406,000
CARE CAPITAL INVESTMENTS, LP	-$205	$0	$708
CVC CAPITAL PTRS ASIA PAC II	$795,107	$428,491	$34,209
CVC EXECUTIVE FUND LLC	$701,332	$665,199	$103,911
EUROPE ENT II ONSHORE LP	$928,325	$651,928	$1,282,536
GAVEA FUND PLUS LTD	$0	$5,000,000	$5,254,866
GLOBAL ATLANTIC FINANCIAL GR	$1,383,716	$2,015,851	$2,236,000
MILLENIUM INT'L LTD	$15,000,000	$15,000,000	$19,395,823
MSDC DENALI INVESTORS, LP	$1,500,323	$1,500,377	$2,782,506
PALOMA INTERNATIONAL, LTD	$10,000,000	$10,000,000	$11,803,640
RRE VENTURES IV	$1,549,019	$1,362,015	$3,728,188
RRE VENTURES V	$1,980,091	$2,003,594	$3,939,272
STERLING AMERICAN PROP V-C LP	$3,098,429	$2,941,267	$1,863,284
TEGEAN OFFSHORE FUND, LTD	$11,844,406	$10,733,263	$11,916,906
TWO SIGMA COMPASS CAYMAND FUND	$0	$5,000,000	$5,014,786
TWO SIGMA SPECTRUM CAYMAN FUND	$5,000,000	$5,000,000	$6,260,366

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

Field	Value	IRS element (for citing)
Desc	UNREALIZED LOSS ON STOCK TRANSFERRED	Desc
Amt	$220,780	Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (11 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt
CVC EXECUTIVE FUND LLC	$17,056	$17,056
CVC CAPITAL PTRS ASIA PAC II	$1,950	$1,950
EUROPE ENTERPRISE II ONSHORE	$12,638	$12,638
RRE VENTURES IV	$4,212	$4,212
GLOBAL ATLANTIC FINANCIAL	$268	$268
STERLING AMERICAN PROPERTY V-C	$30,056	$30,056
BLACKSTONE GROUP LP	$237	$237
RRE VENTURES V	$81,591	$81,591
POSTAGE	$91
MSDC DENALI INVESTORS	$15,699	$15,699
RRE VENTURES IV MGMT. FEE	$38,921	$38,921

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (8 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt
CVC EXECUTIVE FUND	-$7,282	-$7,282
BLACKSTONE GROUP LP	$7,196	$7,196
CVC CAPITAL PTRS ASIA PACIFIC II	$2,554	$2,554
EUROPE ENTERPRISE II ONSHORE	$5,564	$5,564
RRE VENTURES IV	$95,000	$95,000
STERLING AMERICAN PROPERTY V-C	$349	$349
US TREASURY - 2015 TAX REFUND APPLIED	$72,905
UBTI (FED & NYS) TAX REFUND	$18,672

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

Field	Value	IRS element (for citing)
Category	FINANCIAL REPORTING	CategoryTxt
Amt	$50,000	Amt
Net Investment Income	$50,000	NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (7 entries)

CategoryCategoryTxt	AmtAmt
BX FOREIGN TAX PAID	$8
FEDERAL ESTIMATED PAYMENTS	$125,000
STATE FILING FEES	$1,760
UBTI (FED & NYS)	$28,000
OVERPAYMENT APPLIED FROM 2015	$72,905
BAM FOREIGN TAX PAID	$4,711
2014 TAX DUE	$58