BUFFETT EARLY CHILDHOOD FUND: Form 990PF, tax year 2014

View the entire original 990 at ProPublica ↗

Organization: BUFFETT EARLY CHILDHOOD FUND (EIN 20-1768874)
Tax period: 2014-01-01 to 2014-12-31
Filed: 2015-05-15
IRS object ID: 201521359349100012
Schema version: 2014v5.0
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
Depreciation Schedule
Investments Corp Stock Schedule
Land Etc Schedule2
Legal Fees Schedule
Other Expenses Schedule
Other Increases Schedule
Other Professional Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2015-05-15T07:47:04-05:00	ReturnTs
Tax Period End	2014-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	476097913	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	SEIM JOHNSON LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	18081 BURT STREET SUITE 200	AddressLine1Txt
City	OMAHA	CityNm
State Abbreviation	NE	StateAbbreviationCd
ZIP	680224722	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2014-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	201768874	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	BUFFETT EARLY CHILDHOOD FUND	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	BUFF	BusinessNameControlTxt
Phone	4023410933	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	3555 FARNAM STREET	AddressLine1Txt
City	OMAHA	CityNm
State Abbreviation	NE	StateAbbreviationCd
ZIP	68131	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	JESSIE RASMUSSEN	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Phone	4023410933	PhoneNum
Signature	2015-05-12	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	BARBARA J FAJEN	PreparerPersonNm
PTIN	P00400874	PTIN
Phone	4023302660	PhoneNum

Field	Value	IRS element (for citing)
Tax	2014	TaxYr
Build TS	2016-02-25 16:41:14Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$24,147,319	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	$30,113,388	ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss	$3,622	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$3,622	InterestOnSavNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	$865,814	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$10,529,798	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$10,527,973	CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss	$30,982,824	TotalRevAndExpnssAmt
Total Net Invst Incm	$10,531,595	TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$390,551	CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm	$0	CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl	$390,551	CompOfcrDirTrstDsbrsChrtblAmt
Oth Empl Slrs Wgs Rev And Expnss	$563,431	OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Net Invst Incm	$0	OthEmplSlrsWgsNetInvstIncmAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl	$563,431	OthEmplSlrsWgsDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss	$263,387	PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Net Invst Incm	$0	PensionEmplBnftNetInvstIncmAmt
Pension Empl Bnft Dsbrs Chrtbl	$263,387	PensionEmplBnftDsbrsChrtblAmt
Legal Fees Rev And Expnss	$68,293	LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm	$0	LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl	$68,293	LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$8,665	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$0	AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps	$8,665	AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss	$155,162	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$0	OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl	$155,162	OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss	$158,231	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$0	TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl	$59,416	TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss	$4,967	DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm	$0	DeprecAndDpltnNetInvstIncmAmt
Occupancy Rev And Expnss	$25,800	OccupancyRevAndExpnssAmt
Occupancy Net Invst Incm	$0	OccupancyNetInvstIncmAmt
Occupancy Dsbrs Chrtbl	$25,800	OccupancyDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss	$197,562	TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm	$0	TravConfMeetingNetInvstIncmAmt
Trav Conf Meeting Dsbrs Chrtbl	$197,562	TravConfMeetingDsbrsChrtblAmt
Printing And Pub Rev And Expnss	$23,192	PrintingAndPubRevAndExpnssAmt
Printing And Pub Net Invst Incm	$0	PrintingAndPubNetInvstIncmAmt
Printing And Pub Dsbrs Chrtbl	$23,192	PrintingAndPubDsbrsChrtblAmt
Other Expenses Rev And Expnss	$46,521	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$0	OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl	$46,521	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$1,905,762	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$1,801,980	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$24,838,837	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$24,809,083	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$26,744,599	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$26,611,063	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$4,238,225	ExcessRevenueOverExpensesAmt
Net Investment Income	$10,531,595	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Sav And Temp Cash Invst BOY	$1,479,157	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$1,436,935	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$1,436,935	SavAndTempCashInvstEOYFMVAmt
Other Nts And Loans Rcvbl BOY	$200,000	OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY	$0	OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV	$0	OtherNtsAndLoansRcvblEOYFMVAmt
Prepaid Expenses BOY	$202,426	PrepaidExpensesBOYAmt
Prepaid Expenses EOY	$148,395	PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV	$148,395	PrepaidExpensesEOYFMVAmt
Corporate Stock BOY	$12,679,280	CorporateStockBOYAmt
Corporate Stock EOY	$22,561,989	CorporateStockEOYAmt
Corporate Stock EOYFMV	$22,561,989	CorporateStockEOYFMVAmt
Land Bldg Equip Cost Or Other Bss	$20,348	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$20,348	LandBldgEquipAccumDeprecAmt
Land BOY	$4,967	LandBOYAmt
Land EOY	$0	LandEOYAmt
Land EOYFMV	$0	LandEOYFMVAmt
Total Assets BOY	$14,565,830	TotalAssetsBOYAmt
Total Assets EOY	$24,147,319	TotalAssetsEOYAmt
Total Assets EOYFMV	$24,147,319	TotalAssetsEOYFMVAmt
Grants Payable BOY	$2,159,978	GrantsPayableBOYAmt
Grants Payable EOY	$2,389,731	GrantsPayableEOYAmt
Total Liabilities BOY	$2,159,978	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$2,389,731	TotalLiabilitiesEOYAmt
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind
Unrestricted BOY	$12,405,852	UnrestrictedBOYAmt
Unrestricted EOY	$21,757,588	UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY	$12,405,852	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$21,757,588	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$14,565,830	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$24,147,319	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$12,405,852	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$4,238,225	ExcessRevenueOverExpensesAmt
Other Increases	$5,113,511	OtherIncreasesAmt
Subtotal	$21,757,588	SubtotalAmt
Other Decreases	$0	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$21,757,588	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

Field	Value	IRS element (for citing)
Property	BERKSHIRE HATHAWAY CLASS B - 84,513 SHARES	PropertyDesc
How Acquired	D	HowAcquiredCd
Acquired	2013-08-20	AcquiredDt
Sold	2014-12-31	SoldDt
Gross Sales Price	$10,529,798	GrossSalesPriceAmt
Cost Or Other Basis	$1,825	CostOrOtherBasisAmt
Gain Or Loss	$10,527,973	GainOrLossAmt
Gains Minus Excess Or Losses	$10,527,973	GainsMinusExcessOrLossesAmt

Field	Value	IRS element (for citing)
Capital Gain Net Income	$10,527,973	CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Field	Value	IRS element (for citing)
Liable Section4942 Tax	0	LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1	$19,962,244	AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1	$10,163,077	NetVlNoncharitableAssetsYr1Amt
Distribution Yr1	1.964193	DistributionYr1Rt
Adjusted Qlfy Distri Yr2	$21,843,958	AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2	$7,338,458	NetVlNoncharitableAssetsYr2Amt
Distribution Yr2	2.976641	DistributionYr2Rt
Adjusted Qlfy Distri Yr3	$17,567,532	AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3	$5,296,699	NetVlNoncharitableAssetsYr3Amt
Distribution Yr3	3.316694	DistributionYr3Rt
Adjusted Qlfy Distri Yr4	$19,946,155	AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4	$6,048,109	NetVlNoncharitableAssetsYr4Amt
Distribution Yr4	3.297916	DistributionYr4Rt
Adjusted Qlfy Distri Yr5	$20,033,565	AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5	$11,285,345	NetVlNoncharitableAssetsYr5Amt
Distribution Yr5	1.775184	DistributionYr5Rt
Total Distribution	13.330628	TotalDistributionRt
Average Distribution	2.666126	AverageDistributionRt
Net Vl Noncharitable Assets	$21,507,179	NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets	$57,340,849	AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct	$105,316	NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct	$57,446,165	AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions	$26,611,063	QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$210,632	InvestmentIncomeExciseTaxAmt
Tax Under Section511	$0	TaxUnderSection511Amt
Subtotal	$210,632	SubtotalAmt
Subtitle A Tax	$0	SubtitleATaxAmt
Tax Based On Investment Income	$210,632	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$125,371	EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits	$125,371	TotalPaymentsAndCreditsAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Es Penalty	$1,453	EsPenaltyAmt
Tax Due	$86,714	TaxDueAmt

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	0	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	0	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (1)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (1)	AtLeast5000InAssetsInd
Org Report Or Register State	NE	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (1)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	0	PrivateOperatingFoundationInd
New Substantial Contributors	0	NewSubstantialContributorsInd
Own Controlled Entity	0	OwnControlledEntityInd
Donor Advised Fund	0	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (1)	ComplyWithPublicInspRqrInd
Website Address	WWW.BUFFETTEARLYCHILDHOODFUND.ORG	WebsiteAddressTxt
Individual With Books	SUSAN MULLIN	IndividualWithBooksNm
Phone	4023410933	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	3555 FARNAM STREET	AddressLine1Txt
City	OMAHA	CityNm
State Abbreviation	NE	StateAbbreviationCd
ZIP	68131	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	Yes (1)	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 (5 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
SUSAN A BUFFETT
3555 FARNAM STREET	OMAHA	NE	68131	DIRECTOR & CHAIR	5.00	$0	$0	$0
HELEN RAIKES
3555 FARNAM STREET	OMAHA	NE	68131	DIRECTOR & TREASURER	5.00	$0	$0	$0
WALLACE WEITZ
3555 FARNAM STREET	OMAHA	NE	68131	DIRECTOR & SECRETARY	5.00	$0	$0	$0
MIKE BURKE
3555 FARNAM STREET	OMAHA	NE	68131	VICE-PRESIDENT	40.00	$170,955	$41,492	$0
JESSIE RASMUSSEN
3555 FARNAM STREET	OMAHA	NE	68131	PRESIDENT	40.00	$219,596	$45,474	$0

Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (5 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee BenefitsEmployeeBenefitsAmt	Expense AccountExpenseAccountAmt
GLADYS HAYNES
3555 FARNAM STREET	OMAHA	NE	68131	DIRECTOR OF NEBRASKA	40.00	$147,451	$50,920	$0
ERIC BUCHANAN
3555 FARNAM STREET	OMAHA	NE	68131	DIRECTOR OF STRATEGI	40.00	$143,334	$43,543	$0
SUSAN MULLIN
3555 FARNAM STREET	OMAHA	NE	68131	OPERATIONS DIRECTOR	40.00	$107,780	$37,381	$0
EVA LESTER
3555 FARNAM STREET	OMAHA	NE	68131	DIRECTOR OF PROGRAM	40.00	$107,619	$31,396	$0
ELIZABETH WEINGARTNER
3555 FARNAM STREET	OMAHA	NE	68131	PROGRAM ASSOCIATE	40.00	$52,850	$13,182	$0

Field	Value	IRS element (for citing)
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
EARLY OPPORTUNITIES LLC
5006 50TH PLACE NW	WASHINGTON	DC	20016	STRATEGIC PLANNING CONSULTING	$75,000
BAIRD HOLM LLP
1700 FARNAM STREET 1500	OMAHA	NE	68102	LEGAL SERVICES	$63,293

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	$18,647,951	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$3,186,748	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$21,834,699	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$21,834,699	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$327,520	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$21,507,179	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$1,075,359	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$1,075,359	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$210,632	TaxBasedOnInvestmentIncomeAmt
Total Tax	$210,632	TotalTaxAmt
Distributable Before Adj	$864,727	DistributableBeforeAdjAmt
Recoveries Qualfied Distri	$0	RecoveriesQualfiedDistriAmt
Distributable Before Ded	$864,727	DistributableBeforeDedAmt
Deduction From Distributable	$0	DeductionFromDistributableAmt
Distributable As Adjusted	$864,727	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$26,611,063	ExpensesAndContributionsAmt
Program Related Invst Total	$0	ProgramRelatedInvstTotalAmt
Qualifying Distributions	$26,611,063	QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm	$0	PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri	$26,611,063	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$864,727	DistributableAsAdjustedAmt
Undistributed Income PY	$0	UndistributedIncomePYAmt
Total For Prior Years	$0	TotalForPriorYearsAmt
Excess Distribution Cyov Yr5	$19,634,211	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4	$19,946,155	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$17,428,917	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$21,497,239	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$19,152,905	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$97,659,427	TotalExcessDistributionCyovAmt
Qualifying Distributions	$26,611,063	QualifyingDistributionsAmt
Applied To Year1	$0	AppliedToYear1Amt
Applied To Prior Years	$0	AppliedToPriorYearsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$864,727	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$25,746,336	RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus	$0	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$0	ExcessDistributionCyovAppCYAmt
Total Corpus	$123,405,763	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	$0	CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5	$19,634,211	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$103,771,552	ExcessDistriCyovToNextYrAmt
Excess From Year4	$19,946,155	ExcessFromYear4Amt
Excess From Year3	$17,428,917	ExcessFromYear3Amt
Excess From Year2	$21,497,239	ExcessFromYear2Amt
Excess From Year1	$19,152,905	ExcessFromYear1Amt
Excess From Current Year	$25,746,336	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (40 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt	Address Line2RecipientUSAddress/AddressLine2Txt
ADVANCEMENT PROJECT
1910 W SUNSET BLVD 500	LOS ANGELES	CA	90026	PC	WATER COOLER CONFERENCE	$10,000
ALLIANCE FOR EARLY SUCCESS
PO BOX 6756	LEAWOOD	KS	66206	PC	OPERATING SUPPORT	$3,039,696
BOARD OF REGENTS UNIVERSITY OF WISCONSIN SYSTEM
PO BOX 500	MILWAUKEE	WI	53201	GOV	EDUCARE LOCAL EVALUATION SUPPORT	$95,995
BRAZELTON TOUCHPOINTS CENTER
1295 BOYLSTON ST STE 320	BOSTON	MA	02215	PC	EDUCARE/BTC COLLABORATION PROJECT	$237,300
CHILD SAVING INSTITUTE
4545 DODGE STREET	OMAHA	NE	68132	PC	PEDIATRIC SOCIAL WORK & KIDSQUAD	$26,087
CLAYTON EARLY LEARNING
3751 MARTIN LUTHER KING BLVD	DENVER	CO	80205	PC	CAPACITY BUILDING GRANT	$175,000
CLINTON GLOBAL INITIATIVE
1200 PRESIDENT CLINTON AVE	LITTLE ROCK	AR	72201	SO I	GENERAL SUPPORT	$1,700
COLLEGE OF SAINT MARY
7000 MERCY ROAD	OMAHA	NE	68106	PC	CHILD CARE ASSOCIATES EARLY CHILDHOOD PROGRAMS & SCHOLARSHIPS	$100,000
COUNCIL FOR A STRONG AMERICA
1212 NEW YORK AVENUE STE 300	WASHINGTON	DC	20005	PC	MISSION READINESS PROGRAM	$150,000
E C S V
4000 MOORPARK AVE STE 200	SAN JOSE	CA	95117	PC	CAPITAL CAMPAIGN SUPPORT	$333,333
EARLY CHILDHOOD SERVICES
985220 NEBRASKA MEDICAL CENTER	OMAHA	NE	68198	PC	OPERATING SUPPORT	$1,141,388
EDUCARE ARIZONA
1300 N 48TH STREET	PHOENIX	AZ	85008	PC	CAPACITY BUILDING GRANT	$175,000
EDUCARE NEW ORLEANS
320 JULIA STREET	NEW ORLEANS	LA	70130	PC	CAPACITY BUILDING GRANT	$175,000
EDUCARE OF OMAHA INC
2123 PAUL STREET	OMAHA	NE	68102	PC	OPERATING SUPPORT & NECC	$1,150,000
EDUCARE OF WEST DUPAGE
851 PEARL RD	WEST CHICAGO	IL	60185	PC	CAPACITY BUILDING GRANT	$175,000
ERIKSON INSTITUTE-CHICAGO IL
451 NORTH LASALLE STREET	CHICAGO	IL	606544510	PC	DISTANCE LEARNING GRANT, OPERATING SUPPORT	$211,215
KENNEBEC VALLEY COMMUNITY ACTION PROGRAM
97 WATER STREET	WATERVILLE	ME	04901	PC	CAPACITY BUILDING GRANT	$175,000
KIDS CAN COMMUNITY CENTER
4860 Q STREET	OMAHA	NE	68117	PC	GENERAL SUPPORT	$1,000
LINCOLN COMMUNITY FOUNDATION
215 CENTENNIAL MALL SOUTH STE 100	LINCOLN	NE	68508	PC	GENERAL SUPPORT	$5,000
MIDLANDS MENTORING PARTNERSHIP
115 S 49TH AVE	OMAHA	NE	68132	PC	GENERAL SUPPORT	$1,000
NATIONAL HEAD START ASSOCIATION
1651 PRINCE STREET	ALEXANDRIA	VA	22314	PC	THE PARTNERSHIP PROJECT	$5,000
NEBRASKA CHILDREN & FAMILIES FOUNDATION
215 CENTENNIAL MALL SOUTH STE 200	LINCOLN	NE	68508	PC	ADVOCACY SUPPORT & SIXPENCE EARLY LEARNING FUND & ECS	$2,573,738
NEXT DOOR FOUNDATION
2545 N29TH STREET	MILWAUKEE	WI	53210	PC	OPERATING SUPPORT & CAPACITY BUILDING GRANT	$650,000
OKLAHOMA CITY EDUCARE INC
1100 NW 14TH STREET	OKLAHOMA CITY	OK	73106	PC	CAPACITY BUILDING GRANT	$175,000
OMAHA SCHOOLS FOUNDATION
3215 CUMING STREET	OMAHA	NE	68131	SO I	EARLY LEARNING CENTERS	$1,506,189
OUNCE OF PREVENTION FUND-CHICAGO IL
33 W MONROE STREET	CHICAGO	IL	60603	PC	FIRST FIVE YEARS FUND EDUCARE LEARNING NETWORK	$7,467,797
PROJECT HARMONY
11949 Q STREET	OMAHA	NE	68137	PC	SAFE BABIES COURT TEAM	$243,232
PUGET SOUND EDUCATIONAL SERVICE DISTRICT
800 OAKESDALE AVE SW	RENTON	WA	98057	PC	CAPACITY BUILDING GRANT	$175,000
SAVE THE CHILDREN
54 WILTON ROAD	WESTPORT	CT	06880	PC	EARLY STEPS PROGRAM SUPPORT	$319,354
ST AUGUSTINE INDIAN MISSION SCHOOL
PO BOX GG	WINNEBAGO	NE	68071	PC	CIRCLE OF DREAMS EVENT & STORM DAMAGE EMERGENCY FUND	$1,650
THE SHELTERING ARMS
385 CENTENNIAL OLYMPIC PARK DR	ATLANTA	GA	30313	PC	CAPACITY BUILDING GRANT	$175,000
THIRD SECTOR NEW ENGLAND INC
89 SOUTH ST STE 700	BOSTON	MA	02111	PC	EARLY LEARNING CHALLENGE COLLABORATIVE & ECFC SUPPORT	$244,499
TRUSTEES FOR HARVARD UNIVERSITY
1033 MASSACHUSETTS AVE STE 3	CAMBRIDGE	MA	02138	PC	NSCDC OPERATING & FORUM SUPPORT	$700,000
UNC CHAPEL HILL - FRANK PORTER GRAHAM CHILD DEVELOPMENT INSTITUTE
PO BOX 309	CHAPEL HILL	NC	27514	GOV	NATIONAL EVAL FOR ELN IMPLEMENTATION STUDY AND RANDOMIZED CONTROL TRIAL	$1,205,165
UNITED PLANNING ORGANIZATION
301 RHODE ISLAND AVE NW	WASHINGTON	DC	20001	PC	GENERAL SUPPORT	$1,000,000
UNITED WAY OF MIAMI-DADE INC
3250 SOUTHWEST THIRD AVENUE	MIAMI	FL	33129	PC	CAPACITY BUILDING GRANT	$175,000
UNIVERSITY OF KANSAS MEDICAL RESEARCH INSTITUTE
MAILSTOP 1039	KANSAS CITY	KS	66160	SO I	CAPACITY BUILDING GRANT	$175,000
UNIVERSITY OF NEBRASKA - LINCOLN
151 WHITTIER RESEARCH CENTER 2200	LINCOLN	NE	68583	GOV	MATH EARLY ON GRANT	$188,824	VINE STREET
UNIVERSITY OF NEBRASKA MED CTR MONROE MEYER INSTITUTE
600 S 42ND ST	OMAHA	NE	68198	GOV	EDUCARE LOCAL EVALUATION SUPPORT	$242,235
UNIVERSITY OF NEBRASKA MED CTR MONROE MEYER INSTITUTE
600 S 42ND ST	OMAHA	NE	68198	GOV	BUILDING BRIGHT FUTURES EVALUATION SUPPORT	$207,686

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$24,809,083	TotalGrantOrContriPdDurYrAmt

Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (7 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt	Address Line2RecipientUSAddress/AddressLine2Txt
BOARD OF REGENTS UNIVERSITY OF WISCONSIN SYSTEM
PO BOX 500	MILWAUKEE	WI	53201	GOV	EDUCARE LOCAL EVALUATION SUPPORT	$51,206
BRAZELTON TOUCHPOINTS CENTER
1295 BOYLSTON ST STE 320	BOSTON	MA	02215	PC	EDUCARE LOCAL EVALUATION SUPPORT	$125,000
E C S V
4000 MOORPARK AVE STE 200	SAN JOSE	CA	95117	PC	CAPITAL CAMPAIGN SUPPORT	$666,667
EDUCARE OF OMAHA INC
2123 PAUL STREET	OMAHA	NE	68102	PC	OPERATING SUPPORT & NECC	$200,000
ERIKSON INSTITUTE-CHICAGO IL
451 NORTH LASALLE STREET	CHICAGO	IL	606544510	PC	DISTANCE LEARNING GRANT, OPERATING SUPPORT	$174,241
NEXT DOOR FOUNDATION
2545 N29TH STREET	MILWAUKEE	WI	53210	PC	SCHOLARSHIP & OPERATING SUPPORT	$225,000
UNIVERSITY OF NEBRASKA - LINCOLN
151 WHITTIER RESEARCH CENTER 2200	LINCOLN	NE	68583	GOV	MATH EARLY ON GRANT	$339,247	VINE STREET

Field	Value	IRS element (for citing)
Total Grant Or Contri Apprv Fut	$1,781,361	TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$3,622	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	$865,814	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	$0	UnrelatedBusinessTaxblIncmAmt
Exclusion	$869,436	ExclusionAmt
Related Or Exempt Function Incm	$0	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$869,436	TotalIncomeProducingActyAmt

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 (2 entries)

ContributorContributorNum	Address Line1ContributorUSAddress/AddressLine1Txt	CityContributorUSAddress/CityNm	State AbbreviationContributorUSAddress/StateAbbreviationCd	ZIPContributorUSAddress/ZIPCd	Total ContributionsTotalContributionsAmt	Noncash ContributionNoncashContributionInd
THE SHERWOOD FOUNDATION
1	3555 FARNAM STREET	OMAHA	NE	68131	$15,085,308	Yes (X)
THE SHERWOOD FOUNDATION
2	3555 FARNAM STREET	OMAHA	NE	68131	$15,028,080	Yes (X)

Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)

ContributorContributorNum	Noncash PropertyNoncashPropertyDesc	Fair Market ValueFairMarketValueAmt	ReceivedReceivedDt
1	131,600 SHARES OF BERKSHIRE HATHAWAY CLASS B STOCK	$15,085,308	2014-02-14
2	116,900 SHARES OF BERKSHIRE HATHAWAY CLASS B STOCK	$15,028,080	2014-08-05

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	ACCOUNTING	CategoryTxt
Amt	$8,665	Amt
Net Investment Income	$0	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$8,665	DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (3 entries)

PropertyPropertyDesc	AcquiredAcquiredDt	Cost Or Other BasisCostOrOtherBasisAmt	Prior Year DepreciationPriorYearDepreciationAmt	Computation MethodComputationMethodTxt	LifeLifeRt	Current Year ExpenseCurrentYearExpenseAmt	Net Investment IncomeNetInvestmentIncomeAmt
COMPUTER EQUIPMENT	2007-11-14	$2,674	$2,674	200DB	5.000000000000	$0	$0
OFFICE EQUIPMENT	2010-10-19	$2,772	$2,431	200DB	5.000000000000	$341	$0
SOFTWARE	2011-12-31	$14,902	$10,276	200DB	3.000000000000	$4,626	$0

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

Field	Value	IRS element (for citing)
Stock	BERKSHIRE HATHAWAY - CLASS B	StockNm
EOY Book Value	$22,561,989	EOYBookValueAmt
EOYFMV	$22,561,989	EOYFMVAmt

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (3 entries)

Category Or ItemCategoryOrItemTxt	Cost Or Other BasisCostOrOtherBasisAmt	Accumulated DepreciationAccumulatedDepreciationAmt	Book ValueBookValueAmt
COMPUTER EQUIPMENT	$2,674	$2,674	$0
OFFICE EQUIPMENT	$2,772	$2,772	$0
SOFTWARE	$14,902	$14,902	$0

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Field	Value	IRS element (for citing)
Category	LEGAL	CategoryTxt
Legal Fees	$68,293	LegalFeesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$68,293	DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
MISCELLANEOUS	$14,158	$0	$14,158
TELEPHONE	$23,583	$0	$23,583
INSURANCE	$6,163	$0	$6,163
EQUIPMENT	$1,902	$0	$1,902
POSTAGE	$715	$0	$715

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail (2 entries)

DescDesc	AmtAmt
APPRECIATION IN VALUE OF DONATED STOCK	$1,998,107
UNREALIZED GAIN ON CONTRIBUTED STOCK HELD AT YEAR END	$3,115,404

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
ARCHITECTURAL	$20,489	$0	$20,489
OTHER PROFESSIONAL	$130,344	$0	$130,344
MARKETING, BRANDING	$4,329	$0	$4,329

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
PAYROLL TAXES	$59,416	$0	$59,416
EXCISE TAXES	$98,815	$0	$0