A P GIANNINI FOUNDATION: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization: A P GIANNINI FOUNDATION (EIN 94-6089512)
Tax period: 2015-01-01 to 2015-12-31
Filed: 2016-10-24
IRS object ID: 201602989349100705
Schema version: 2015v2.1
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
Distribution From Corpus Election
General Explanation Attachment
Investments Corp Stock Schedule
Other Assets Schedule
Other Decreases Schedule
Other Expenses Schedule
Other Income Schedule2
Other Liabilities Schedule
Substantial Contributors Sch
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2016-10-24T13:44:56-05:00	ReturnTs
Tax Period End	2015-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	942186350	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	CALEGARI & MORRIS ACCOUNTANTS	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	123 MISSION STREET 18TH FL	AddressLine1Txt
City	SAN FRANCISCO	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	94105	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2015-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	946089512	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	A P GIANNINI FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	GIAN	BusinessNameControlTxt
Phone	4159812966	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	57 POST STREET NO 510	AddressLine1Txt
City	SAN FRANCISCO	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	94104	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	CAROLINE O BOITANO	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Phone	4159812966	PhoneNum
Signature	2016-10-24	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	KATHLEEN BURRY	PreparerPersonNm
PTIN	P00394887	PTIN
Phone	4159818766	PhoneNum

Field	Value	IRS element (for citing)
Tax	2015	TaxYr
Build TS	2017-02-10 21:41:12Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$21,870,165	FMVAssetsEOYAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$266,228	ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss	$61,421	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$61,421	InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss	$562,070	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$562,070	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	$950,105	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$3,079,824	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$976,601	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	$428,710	OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm	$2,754	OtherIncomeNetInvstIncmAmt
Total Rev And Expnss	$2,268,534	TotalRevAndExpnssAmt
Total Net Invst Incm	$1,602,846	TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$0	CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm	$0	CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl	$0	CompOfcrDirTrstDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$24,345	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$10,776	AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps	$12,172	AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss	$32,516	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$270	TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl	$160	TaxesDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss	$81,260	TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm	$0	TravConfMeetingNetInvstIncmAmt
Trav Conf Meeting Dsbrs Chrtbl	$81,260	TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss	$286,067	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$90,162	OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl	$180,816	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$424,188	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$101,208	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$274,408	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$977,500	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$856,500	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$1,401,688	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$101,208	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$1,130,908	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$866,846	ExcessRevenueOverExpensesAmt
Net Investment Income	$1,501,638	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Sav And Temp Cash Invst BOY	$425,178	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$707,486	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$707,486	SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY	$22,795,639	CorporateStockBOYAmt
Corporate Stock EOY	$21,084,216	CorporateStockEOYAmt
Corporate Stock EOYFMV	$21,084,216	CorporateStockEOYFMVAmt
Other Assets BOY	$22,131	OtherAssetsBOYAmt
Other Assets EOY	$78,463	OtherAssetsEOYAmt
Other Assets EOYFMV	$78,463	OtherAssetsEOYFMVAmt
Total Assets BOY	$23,242,948	TotalAssetsBOYAmt
Total Assets EOY	$21,870,165	TotalAssetsEOYAmt
Total Assets EOYFMV	$21,870,165	TotalAssetsEOYFMVAmt
Other Liabilities BOY	$984,810	OtherLiabilitiesBOYAmt
Other Liabilities EOY	$1,092,000	OtherLiabilitiesEOYAmt
Total Liabilities BOY	$984,810	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$1,092,000	TotalLiabilitiesEOYAmt
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind
Unrestricted BOY	$22,258,138	UnrestrictedBOYAmt
Unrestricted EOY	$20,778,165	UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY	$22,258,138	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$20,778,165	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$23,242,948	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$21,870,165	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$22,258,138	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$866,846	ExcessRevenueOverExpensesAmt
Other Increases	$0	OtherIncreasesAmt
Subtotal	$23,124,984	SubtotalAmt
Other Decreases	$2,346,819	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$20,778,165	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)

PropertyPropertyDesc	How AcquiredHowAcquiredCd	Gross Sales PriceGrossSalesPriceAmt	Cost Or Other BasisCostOrOtherBasisAmt	Gain Or LossGainOrLossAmt	Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
PUBLICLY TRADED SECURITIES	P	$2,020,691	$1,373,904	$646,787	$646,787
PUBLICLY TRADED SECURITIES	P	$1,009,802	$729,319	$280,483	$280,483
330 SHS FACEBOOK INC	P	$26,546		$26,546	$26,546
ONEOK PARTNERS	P	$20,426		$20,426	$20,426
CAPITAL GAINS DIVIDENDS	P	$2,359		$2,359	$2,359

Field	Value	IRS element (for citing)
Capital Gain Net Income	$976,601	CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Field	Value	IRS element (for citing)
Liable Section4942 Tax	0	LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1	$999,001	AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1	$22,944,271	NetVlNoncharitableAssetsYr1Amt
Distribution Yr1	0.043540	DistributionYr1Rt
Adjusted Qlfy Distri Yr2	$1,076,787	AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2	$21,301,605	NetVlNoncharitableAssetsYr2Amt
Distribution Yr2	0.050550	DistributionYr2Rt
Adjusted Qlfy Distri Yr3	$1,080,865	AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3	$19,577,633	NetVlNoncharitableAssetsYr3Amt
Distribution Yr3	0.055209	DistributionYr3Rt
Adjusted Qlfy Distri Yr4	$1,114,344	AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4	$19,442,206	NetVlNoncharitableAssetsYr4Amt
Distribution Yr4	0.057316	DistributionYr4Rt
Adjusted Qlfy Distri Yr5	$1,010,053	AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5	$17,935,824	NetVlNoncharitableAssetsYr5Amt
Distribution Yr5	0.056315	DistributionYr5Rt
Total Distribution	0.262930	TotalDistributionRt
Average Distribution	0.052586	AverageDistributionRt
Net Vl Noncharitable Assets	$22,271,919	NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets	$1,171,191	AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct	$15,016	NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct	$1,186,207	AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions	$1,130,908	QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$30,033	InvestmentIncomeExciseTaxAmt
Tax Under Section511	$0	TaxUnderSection511Amt
Subtotal	$30,033	SubtotalAmt
Subtitle A Tax	$0	SubtitleATaxAmt
Tax Based On Investment Income	$30,033	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$39,692	EstimatedPlusOvpmtIncmTxAmt
Applied To Es Tax	$5,000	AppliedToEsTaxAmt
Total Payments And Credits	$44,692	TotalPaymentsAndCreditsAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Overpayment	$14,659	OverpaymentAmt
Applied To ES Tax	$14,659	AppliedToESTaxAmt
Refund	$0	RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	0	LegislativePoliticalActyInd
More Than100 Spent	0	MoreThan100SpentInd
Form1120 POL Filed	0	Form1120POLFiledInd
Section4955 Organization Tax	$0	Section4955OrganizationTaxAmt
Section4955 Managers Tax	$0	Section4955ManagersTaxAmt
Tax Reimbursed	$0	TaxReimbursedAmt
Activities Not Previously Rpt	0	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	0	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Organization Dissolved Etc	0	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (1)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (1)	AtLeast5000InAssetsInd
Org Report Or Register State	CA	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (1)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	0	PrivateOperatingFoundationInd
New Substantial Contributors	Yes (1)	NewSubstantialContributorsInd
Own Controlled Entity	0	OwnControlledEntityInd
Donor Advised Fund	0	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (1)	ComplyWithPublicInspRqrInd
Website Address	WWW.APGIANNINIFOUNDATION.ORG	WebsiteAddressTxt
Individual With Books	KRAMER BLUM ASSOCIATES INC	IndividualWithBooksNm
Phone	4159812966	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	57 POST STREET SUITE 510	AddressLine1Txt
City	SAN FRANCISCO	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	94104	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	0	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	0	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	0	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	0	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	Yes (1)	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	0	TransferAstDisqualifiedPrsnInd
Payment To Government Official	0	PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions	0	ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts	0	UncorrectedPriorActsInd
Undistributed Income PY	0	UndistributedIncomePYInd
Business Holdings	0	BusinessHoldingsInd
Jeopardy Investments	0	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	0	UncorrectedPYJeopardyInvstInd
Influence Legislation	0	InfluenceLegislationInd
Influence Election	0	InfluenceElectionInd
Grants To Individuals	0	GrantsToIndividualsInd
Grants To Organizations	0	GrantsToOrganizationsInd
Noncharitable Purpose	0	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (10 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
CAROLINE O BOITANO
57 POST STREET SUITE 510	SAN FRANCISCO	CA	94104	PRESIDENT/SECRETARY	0.00	$0	$0	$0
JERRY L BOWMAN
57 POST STREET SUITE 510	SAN FRANCISCO	CA	94104	TREASURER	0.00	$0	$0	$0
VIRGINIA HAMMERNESS
57 POST STREET SUITE 510	SAN FRANCISCO	CA	94104	VICE-CHAIRMAN	0.00	$0	$0	$0
DONALD A MULLANE
57 POST STREET SUITE 510	SAN FRANCISCO	CA	94104	CHAIRMAN	0.00	$0	$0	$0
ANNE G MCWILLIAMS
57 POST STREET SUITE 510	SAN FRANCISCO	CA	94104	DIRECTOR	0.00	$0	$0	$0
DAVID PERRY
57 POST STREET SUITE 510	SAN FRANCISCO	CA	94104	DIRECTOR	0.00	$0	$0	$0
LARRY MCNABB
57 POST STREET SUITE 510	SAN FRANCISCO	CA	94104	DIRECTOR	0.00	$0	$0	$0
DANIEL P RILEY
57 POST STREET SUITE 510	SAN FRANCISCO	CA	94104	DIRECTOR	0.00	$0	$0	$0
HANS REISER MD
57 POST STREET SUITE 510	SAN FRANCISCO	CA	94104	DIRECTOR	0.00	$0	$0	$0
TIM RANZETTA
57 POST STREET SUITE 510	SAN FRANCISCO	CA	94104	DIRECTOR	0.00	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k	0	OtherEmployeePaidOver50kCnt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Service TypeServiceTypeTxt	CompensationCompensationAmt
KRAMER BLUM & ASSOCIATES INC
57 POST ST STE 510	SAN FRANCISCO	CA	94104	MANAGEMENT	$137,708
COVINGTON CAPITAL MANAGEMENT
601 S FIGUERAO STREET SUITE 2000	LOS ANGELES	CA	90017	INVESTMENT ADVISORY	$105,251

Field	Value	IRS element (for citing)
Contractor Paid Over50k	0	ContractorPaidOver50kCnt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$22,040,344	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$499,882	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$70,859	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$22,611,085	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$22,611,085	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$339,166	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$22,271,919	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$1,113,596	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$1,113,596	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$30,033	TaxBasedOnInvestmentIncomeAmt
Income Tax	$16,643	IncomeTaxAmt
Total Tax	$46,676	TotalTaxAmt
Distributable Before Adj	$1,066,920	DistributableBeforeAdjAmt
Recoveries Qualfied Distri	$186,016	RecoveriesQualfiedDistriAmt
Distributable Before Ded	$1,252,936	DistributableBeforeDedAmt
Deduction From Distributable	$0	DeductionFromDistributableAmt
Distributable As Adjusted	$1,252,936	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$1,130,908	ExpensesAndContributionsAmt
Program Related Invst Total	$0	ProgramRelatedInvstTotalAmt
Qualifying Distributions	$1,130,908	QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm	$0	PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri	$1,130,908	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$1,252,936	DistributableAsAdjustedAmt
Undistributed Income PY	$0	UndistributedIncomePYAmt
Total For Prior Years	$0	TotalForPriorYearsAmt
Excess Distribution Cyov Yr5	$78,260	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4	$154,556	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$24,560	ExcessDistributionCyovYr3Amt
Total Excess Distribution Cyov	$257,376	TotalExcessDistributionCyovAmt
Qualifying Distributions	$1,130,908	QualifyingDistributionsAmt
Applied To Year1	$0	AppliedToYear1Amt
Applied To Prior Years	$0	AppliedToPriorYearsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$1,130,908	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$0	RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus	$122,028	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$122,028	ExcessDistributionCyovAppCYAmt
Total Corpus	$135,348	TotalCorpusAmt
Prior Year Undistributed Incm	$0	PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax	$0	PriorYearDeficiencyOrTaxAmt
Taxable1	$0	Taxable1Amt
Taxable2	$0	Taxable2Amt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3	$34,566	CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5	$0	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$100,782	ExcessDistriCyovToNextYrAmt
Excess From Year4	$76,222	ExcessFromYear4Amt
Excess From Year3	$24,560	ExcessFromYear3Amt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

Field	Value	IRS element (for citing)
Recipient Person	JOHN AND KEN BLUM ADMINISTRATORS	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	57 POST STREET SUITE 510	AddressLine1Txt
City	SAN FRANCISCO	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	94104	ZIPCd

Field	Value	IRS element (for citing)
Recipient Phone	4159812966	RecipientPhoneNum
Form And Info And Materials	SEE EXHIBIT 3	FormAndInfoAndMaterialsTxt
Submission Deadlines	SEE EXHIBIT 3	SubmissionDeadlinesTxt
Restrictions On Awards	SEE EXHIBIT 3	RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (19 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
STANFORD UNIVERSITY SCHOOL OF MEDICINE
300 PASTEUR DRIVE	PALO ALTO	CA	94305	PC	FOR MEDICAL RESEARCH FELLOWSHIP-ALVARADO	$47,000
STANFORD UNIVERSITY SCHOOL OF MEDICINE
300 PASTEUR DRIVE	PALO ALTO	CA	94305	PC	FOR MEDICAL RESEARCH FELLOWSHIP-CHAO	$46,000
STANFORD UNIVERSITY SCHOOL OF MEDICINE
300 PASTEUR DRIVE	PALO ALTO	CA	94305	PC	FOR MEDICAL RESEARCH FELLOWSHIP-EISELE	$48,000
STANFORD UNIVERSITY SCHOOL OF MEDICINE
300 PASTEUR DRIVE	PALO ALTO	CA	94305	PC	FOR MEDICAL RESEARCH FELLOWSHIP-KRONSTAD	$47,000
STANFORD UNIVERSITY SCHOOL OF MEDICINE
300 PASTEUR DRIVE	PALO ALTO	CA	94305	PC	FOR MEDICAL RESEARCH FELLOWSHIP-MICK	$48,000
STANFORD UNIVERSITY SCHOOL OF MEDICINE
300 PASTEUR DRIVE	PALO ALTO	CA	94305	PC	FOR MEDICAL RESEARCH FELLOWSHIP-STEINBERG	$47,000
UC DAVIS SCHOOL OF MEDICINE
250 MARK HALL ONE SHIELDS AVE	DAVIS	CA	95616	PC	FOR MEDICAL RESEARCH FELLOWSHIP-SANDHU	$47,000
UC LOS ANGELES SCHOOL OF MEDICINE
BOX 951405	LOS ANGELES	CA	90095	PC	FOR MEDICAL RESEARCH FELLOWSHIP-RODRIGUEZ	$47,000
UC SAN DIEGO SCHOOL OF MEDICINE
9500 GILMAN DRIVE	LA JOLLA	CA	92093	PC	FOR MEDICAL RESEARCH FELLOWSHIP-LAMONTE	$47,000
UC SAN DIEGO SCHOOL OF MEDICINE
9500 GILMAN DRIVE	LA JOLLA	CA	92093	PC	FOR MEDICAL RESEARCH FELLOWSHIP-LAROCK	$48,000
UC SAN DIEGO SCHOOL OF MEDICINE
9500 GILMAN DRIVE	LA JOLLA	CA	92093	PC	FOR MEDICAL RESEARCH FELLOWSHIP-PERENS	$47,000
UC SAN FRANCISCO SCHOOL OF MEDICINE
513 PARNASSUS AVENUE	SAN FRANCISCO	CA	94143	PC	FOR MEDICAL RESEARCH FELLOWSHIP-JOHNSON	$47,000
UC SAN FRANCISCO SCHOOL OF MEDICINE
513 PARNASSUS AVENUE	SAN FRANCISCO	CA	94143	PC	FOR MEDICAL RESEARCH FELLOWSHIP-KEEDY	$47,000
UC SAN FRANCISCO SCHOOL OF MEDICINE
513 PARNASSUS AVENUE	SAN FRANCISCO	CA	94143	PC	FOR MEDICAL RESEARCH FELLOWSHIP-OKIMOTO	$47,000
UC SAN FRANCISCO SCHOOL OF MEDICINE
513 PARNASSUS AVENUE	SAN FRANCISCO	CA	94143	PC	FOR MEDICAL RESEARCH FELLOWSHIP-OSTERLOH	$47,000
UC SAN FRANCISCO SCHOOL OF MEDICINE
513 PARNASSUS AVENUE	SAN FRANCISCO	CA	94143	PC	FOR MEDICAL RESEARCH FELLOWSHIP-SCHAUB	$47,000
UC SOUTHERN CALIFORNIA KECK SCHOOL OF MEDICINE
1975 ZONAL AVENUE	LOS ANGELES	CA	900339027	PC	FOR MEDICAL RESEARCH FELLOWSHIP-MORK	$48,000
UC SOUTHERN CALIFORNIA KECK SCHOOL OF MEDICINE
1975 ZONAL AVENUE	LOS ANGELES	CA	900339027	PC	FOR MEDICAL RESEARCH FELLOWSHIP-WEBERT	$47,000
AP GIANNINI MIDDLE SCHOOL PTA
3151 ORTEGA STREET	SAN FRANCISCO	CA	94122	PC	FOR STUDENT AWARD PROGRAM AND PRODUCTION OF STUDENT-TEACHER BINDERS	$7,500

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$856,500	TotalGrantOrContriPdDurYrAmt

Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (14 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
STANFORD UNIVERSITY SCHOOL OF MEDICINE
300 PASTEUR DRIVE	PALO ALTO	CA	94305	PC	FOR MEDICAL RESEARCH FELLOWSHIP-ALVARADO	$48,000
STANFORD UNIVERSITY SCHOOL OF MEDICINE
300 PASTEUR DRIVE	PALO ALTO	CA	94305	PC	FOR MEDICAL RESEARCH FELLOWSHIP-CHAO	$98,000
STANFORD UNIVERSITY SCHOOL OF MEDICINE
300 PASTEUR DRIVE	PALO ALTO	CA	94305	PC	FOR MEDICAL RESEARCH FELLOWSHIP-KRONSTAD	$100,000
STANFORD UNIVERSITY SCHOOL OF MEDICINE
300 PASTEUR DRIVE	PALO ALTO	CA	94305	PC	FOR MEDICAL RESEARCH FELLOWSHIP-MICK	$50,000
STANFORD UNIVERSITY SCHOOL OF MEDICINE
300 PASTEUR DRIVE	PALO ALTO	CA	94305	PC	FOR MEDICAL RESEARCH FELLOWSHIP-STEINBERG	$100,000
UC DAVIS SCHOOL OF MEDICINE
250 MARK HALL ONE SHIELDS AVE	DAVIS	CA	95616	PC	FOR MEDICAL RESEARCH FELLOWSHIP-SANDHU	$100,000
UC SAN DIEGO SCHOOL OF MEDICINE
9500 GILMAN DRIVE	LA JOLLA	CA	92093	PC	FOR MEDICAL RESEARCH FELLOWSHIP-LAMONTE	$100,000
UC SAN DIEGO SCHOOL OF MEDICINE
9500 GILMAN DRIVE	LA JOLLA	CA	92093	PC	FOR MEDICAL RESEARCH FELLOWSHIP-LAROCK	$50,000
UC SAN DIEGO SCHOOL OF MEDICINE
9500 GILMAN DRIVE	LA JOLLA	CA	92093	PC	FOR MEDICAL RESEARCH FELLOWSHIP-PERENS	$48,000
UC SAN FRANCISCO SCHOOL OF MEDICINE
513 PARNASSUS AVENUE	SAN FRANCISCO	CA	94143	PC	FOR MEDICAL RESEARCH FELLOWSHIP-KEEDY	$100,000
UC SAN FRANCISCO SCHOOL OF MEDICINE
513 PARNASSUS AVENUE	SAN FRANCISCO	CA	94143	PC	FOR MEDICAL RESEARCH FELLOWSHIP-OKIMOTO	$100,000
UC SAN FRANCISCO SCHOOL OF MEDICINE
513 PARNASSUS AVENUE	SAN FRANCISCO	CA	94143	PC	FOR MEDICAL RESEARCH FELLOWSHIP-OSTERLOH	$100,000
UC SAN FRANCISCO SCHOOL OF MEDICINE
513 PARNASSUS AVENUE	SAN FRANCISCO	CA	94143	PC	FOR MEDICAL RESEARCH FELLOWSHIP-SCHAUB	$48,000
UC SOUTHERN CALIFORNIA KECK SCHOOL OF MEDICINE
1975 ZONAL AVENUE	LOS ANGELES	CA	900339027	PC	FOR MEDICAL RESEARCH FELLOWSHIP-MORK	$50,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Apprv Fut	$1,092,000	TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$61,421	ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$562,070	ExclusionAmt

Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp

Field	Value	IRS element (for citing)
Business	900000	BusinessCd
Unrelated Business Taxbl Incm	$239,940	UnrelatedBusinessTaxblIncmAmt
Exclusion	14	ExclusionCd
Exclusion	$2,754	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Business	900000	BusinessCd
Unrelated Business Taxbl Incm	$20,426	UnrelatedBusinessTaxblIncmAmt
Exclusion	18	ExclusionCd
Exclusion	$929,679	ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp

Field	Value	IRS element (for citing)
Desc	RECOVERIES	Desc
Related Or Exempt Function Incm	$186,016	RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	$260,366	UnrelatedBusinessTaxblIncmAmt
Exclusion	$1,555,924	ExclusionAmt
Related Or Exempt Function Incm	$186,016	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$2,002,306	TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Field	Value	IRS element (for citing)
Line Number	11A	LineNumberTxt
Relationship Statement	RECOVERIES OF PREVIOUSLY DEDUCTED GRANTS	RelationshipStatementTxt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	0	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	0	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	0	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	0	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	0	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	0	ReimbursementArrangementsInd
Loans Or Loan Guarantees	0	LoansOrLoanGuaranteesInd
Performance Of Services Etc	0	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	0	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	0	RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

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

Contributor Information ContributorInformationGrp (6 entries)

ContributorContributorNum	Address Line1ContributorUSAddress/AddressLine1Txt	CityContributorUSAddress/CityNm	State AbbreviationContributorUSAddress/StateAbbreviationCd	ZIPContributorUSAddress/ZIPCd	Total ContributionsTotalContributionsAmt	Person ContributionPersonContributionInd	Noncash ContributionNoncashContributionInd
ESTATE OF VICTOR SATURNO
1	C/O WELLS FARGO BANK 420 MONTGOMERY	SAN FRANCISCO	CA	94104	$34,565	Yes (X)
FANCHER TRUST
2	C/O WELLS FARGO BANK 1512 EUREKA RO	ROSEVILLE	CA	95661	$106,157	Yes (X)
THE ROSE HILLS FOUNDATION
3	225 SOUTH LAKE AVENUE SUITE 1250	PASADENA	CA	91101	$25,000	Yes (X)
INNOVATE FOUNDATION
4	1350 TASSO STREET	PALO ALTO	CA	94301	$26,496		Yes (X)
GILEAD SCIENCES INC
5	333 LAKESIDE DRIVE	FOSTER CITY	CA	94401	$50,510	Yes (X)
DAVID PERRY
6	57 POST STREET SUITE 510	SAN FRANCISCO	CA	94104	$23,500	Yes (X)

Non Cash Property Contribution NonCashPropertyContributionGrp

Field	Value	IRS element (for citing)
Contributor	4	ContributorNum
Noncash Property	330 SHARES - FACEBOOK	NoncashPropertyDesc
Fair Market Value	$26,496	FairMarketValueAmt
Received	2015-06-01	ReceivedDt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	ACCOUNTING FEES	CategoryTxt
Amt	$24,345	Amt
Net Investment Income	$10,776	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$12,172	DisbursementsCharitablePrpsAmt

Distribution From Corpus Election DistributionFromCorpusElection

Field	Value	IRS element (for citing)
Election	SEC. 53.4942(A)-3(D)(2) ELECTIONORGANIZATION HEREBY ELECTS UNDER IRC REG. SECTION 53-4942(A)-3(D)(2) TO TREAT $616,104 OF THE QUALIFYING DISTRIBUTIONS FOR 2009 AS HAVING BEEN DISTRIBUTED OUT OF CORPUS. ___________________________________SIGNATURE OF OFFICER OR TRUSTEE___________________________________DATE	ElectionDesc

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanationGrp

Field	Value	IRS element (for citing)
Form And Line Reference	FORM 990-PF	FormAndLineReferenceDesc
Medium Explanation	CONTRIBUTIONS:THE DONORS DID NOT RECEIVE ANY GOODS OR SERVICES IN EXCHANGE FOR THEIR CONTRIBUTIONS.PART VII-B 1A(4):REIMBURSEMENT OF EXPENSES PAID TO TRUSTEES WAS FOR PROFESSIONAL SERVICES AND WAS REASONABLE IN AMOUNT AND THUS AN EXCEPTED ACT AS DESCRIBED IN REGULATIONS SECTION 53.4941(D)-3	MediumExplanationTxt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
COVINGTON CAPITAL MGMT (SEE EXHIBIT 1)	$18,264,453	$18,264,453
COVINGTON-FELLOWSHIP CAMPAIGN (SEE EXHIBIT 2)	$2,819,763	$2,819,763

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (4 entries)

DescDesc	BOY Book ValueBOYBookValueAmt	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
ACCRUED DIVIDENDS	$15,172	$11,439	$11,439
ACCRUED INTEREST	$6,959	$24,855	$24,855
RECEIVABLE - DONATIONS		$34,565	$34,565
PREPAID EXCISE TAX		$7,604	$7,604

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

Field	Value	IRS element (for citing)
Desc	UNREALIZED GAIN ON INVESTMENTS	Desc
Amt	$2,346,819	Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
MANAGEMENT FEE	$137,708	$0	$137,708
OFFICE EXPENSE	$4,578	$0	$4,578
INSURANCE	$5,493	$0	$5,493
COVINGTON CAPITAL MGMT INVESTMENT FEES	$105,251	$90,162	$0
COLLOQUIUM	$25,018	$0	$25,018
FILING FEE	$20	$0	$20
CAREER DEVELOPMENT PROGRAM	$7,999	$0	$7,999

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (3 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Adjusted Net IncomeAdjustedNetIncomeAmt
ONEOK PARTNERS (K-1)	$239,940	$0	$239,940
OTHER INCOME	$2,754	$2,754	$2,754
RECOVERIES	$186,016		$186,016

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail (2 entries)

DescDesc	BOY Book ValueBOYBookValueAmt	EOY Book ValueEOYBookValueAmt
GRANTS PAYABLE	$971,000	$1,092,000
EXCISE TAX PAYABLE	$13,810	$0

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail (4 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Address Line2USAddress/AddressLine2Txt
MR MRS AW CLAUSEN
555 CALIFORNIA STREET 11TH FLOOR	SAN FRANCISCO	CA	94104
BANK OF AMERICA FOUNDATION
101 S TRYON ST NC1-021 02-20	CHARLOTTE	NC	28292
ESTATE OF VICTOR SATURNO
C/O WELLS FARGO BANK420 MONTGOMERY	SAN FRANCISCO	CA	94104	ST 7TH FL
FRANCHER TRUST
C/O WELLS FARGO BANK 1512 EUREKA RD	ROSEVILLE	CA	95661	STE 800

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (4 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FEDERAL EXCISE TAXES	$32,086	$0	$0
FRANCHISE TAX BOARD	$10	$0	$10
CHARITABLE TRUST REGISTRY	$150	$0	$150
FOREIGN TAX PAID	$270	$270	$0