2014-11-14T09:39:42-06:00 2013-12-31 GRANT THORNTON LLP 757 THIRD AVENUE NEW YORK NY 100174057 990 2013-01-01 133913393 FOUNDATION FOR A GREATER OPPORTUNITY C/O ICAHN ASSOCIATES HOLDING LLC % GAIL C ICAHN FOUN 2127024300 767 FIFTH AVENUE Suite 4700 NEW YORK NY 10153 julie goodyear secretary 2014-11-15 LAURA KIELCZEWSKI P00740769 2014-11-15 2013 2015-11-30 17:44:51Z Edward J Shanahan 767 FIFTH AVENUE 47TH FL NEW YORK NY 10153 4528753 false X N/A X 1996 DE TO PROVIDE FINANCIAL AND OTHER ASSISTANCE AND SUPPORT TO TO STUDENTS,CHILDREN AND PARENTS,AND LOW-INCOME FAMILIES TO ASSIST WITH EDUCATIONAL OPPORTUNITIES AND OTHER SERVICES LISTED IN PART III. 7 2 2 0 0 1731971 1480673 50000 50000 2927095 2927835 179658 70245 4888724 4528753 1047899 21383898 0 0 616202 639001 0 0 0 2335646 2862102 3999747 24885001 888977 -20356248 203156232 203781503 22063963 42070655 181092269 161710848 X TO PROVIDE FINANCIAL AND OTHER FORMS OF ASSISTANCE AND SUPPORT TO STUDENTS, CHILDREN AND THEIR PARENTS, AND LOW-INCOME FAMILIES. SUCH ASSISTANCE AND SUPPORT INCLUDE, BUT ARE NOT LIMITED TO, EDUCATIONAL OPPORTUNITIES AND ASSISTANCE (INCLUDING, BUT NOT LIMITED TO, PRE-KINDERGARTEN THROUGH POST-SECONDARY SCHOOLS, FACILITIES AND EQUIPMENT, SCHOLARSHIPS, AND ATHLETIC PROGRAMS), HEALTHCARE SERVICES, SOCIAL SERVICES, HOUSING, LEGAL ASSISTANCE, AND CULTURAL OPPORTUNITIES. THE PURPOSES SPECIFIED HEREIN ARE TO BE FURTHERED AND THE ACTIVITIES PURSUANT THERETO ARE TO BE UNDERTAKEN EXCLUSIVELY TO BENEFIT AND SUPPORT ORGANIZATIONS THAT OPERATE PROGRAMS WHICH PROVIDE SUCH ASSISTANCE AND SUPPORT TO STUDENTS, CHILDREN AND THEIR PARENTS, AND LOW-INCOME FAMILIES AND THAT ARE DESCRIBED IN SECTION 509(A)(1) OR 509(A)(2) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. false false 22004286 19021215 SUPPORT THE WORK OF THE GLOBAL POLIO ERADICATION INITIATIVE IN ITS MISSION TO ERADICATE POLIO BY 2018. 1853924 1602592 SUPPORT FOR UNDERPRIVILEGED STUDENTS AT CHOATE ROSEMARY HALL LOCATED IN WALLINGFORD, CT. 632816 547027 SUPPORT FOR THE RENOVATION AND RECONSTRUCTION OF A CHARTER SCHOOL FACILITY (PELHAM PARKWAY BUILDING) WHICH IS HOME TO SEVERAL CHARTER SCHOOLS. 246479 213064 EDUCATIONAL PROGRAMS 246479 213064 24737505 true true false false false false false false false false true false false false true true false true false false false true false false false false false true false true false false false true false false false false false false false false true true false false false true 3 0 true 2 true false false false false false false false false false false false X 7 2 true false false false false true false true true false false true true true true true true false false false NY X GAIL C ICAHN 2127024300 767 FIFTH AVENUE 47TH FL NEW YORK NY 10153 HAROLD SHAPIRO DIRECTOR 1.0 39.0 X 414155 12660 EDWARD J SHANAHAN PRESIDENT, DIRector 1.0 1.0 X X DIANE FELLOWS DIRECTOR 1.0 X EDUARDO LA GUERRE DIRECTOR 1.0 39.0 X 218967 7874 CARL C ICAHN DIRECTOR 1.0 X GAIL GOLDEN-ICAHN VP, TREASURER, DIRector 1.0 X X SEYMOUR FLIEGEL DIRECTOR, VICE PRESIDENT 1.0 39.0 X X 230750 25500 JULIE CLARK GOODYEAR SECRETARY 40.0 X 264257 0 21505 SUSAN GORDON ASSISTANT SECRETARY 1.0 X BAILEY HECK DIRector OF DEVELOPment 40.0 X 199313 0 17747 463570 863872 85286 2 false true false 0 547027 933646 1480673 ICAHN CHARTER SCHOOL 532000 50000 50000 50000 2927835 2927835 0 0 55312 55312 0 55312 55312 0 0 0 0 FORFEITURE OF SECURITY DEPOSIT 531390 14933 14933 14933 4528753 50000 2998080 21363898 21363898 0 20000 20000 0 285000 285000 0 314599 314599 5575 5575 12104 12104 21723 21723 0 30294 30294 31100 31100 0 0 0 2137 2137 0 0 0 0 0 12112 12112 0 0 0 0 2333026 2333026 52060 52060 FILING FEES 956 956 OTHER FEES AND TAXES 1548 1548 REPAIRS AND MAINTENANCE 381580 381580 POSTAGE 35 35 17254 17254 24885001 24737505 147496 0 84742 1953901 25438285 25078120 0 0 16667 16667 118727570 118727570 0 0 0 0 0 0 0 0 52408480 6420014 43353246 45988466 0 0 8294231 9269058 0 0 0 0 7241491 2747721 203156232 203781503 3349030 2259606 0 18691049 0 0 0 0 0 0 0 0 0 0 0 0 18714933 21120000 22063963 42070655 X 181092269 161710848 0 0 0 0 181092269 161710848 203156232 203781503 -20356248 974827 X false true X false false X X X false false false CHOATE ROSEMARY HALL 060910420 02 false 1602592 CENTER FOR EDUCATIONAL INNOVATION 134113613 07 false 10000 ICAHN CHARTER SCHOOL 1 134166657 02 false 0 ICAHN CHARTER SCHOOL 2 205846198 02 false 148988 ICAHN CHARTER SCHOOL 3 262271604 02 false 146785 ICAHN CHARTER SCHOOL 4 264674992 02 false 119189 ICAHN CHARTER SCHOOL 5 900606791 02 false 132065 NEIGHBORHOOD ASSOC FOR INTER-CULTURAL 132995128 07 false 0 PRINCETON UNIVERSITY 210634501 02 false 0 NEW YORK UNIVERSITY 135562308 02 false 183064 NATIONAL PHILANTHROPIC TRUST-FUND FOR GLOBAL HEALTH & DEVEL 237825575 07 false 19021215 THE JAFFA INSTITUTE 999999999 07 false 20000 12 21383898 SCHEDULE A, PART 1, LINE 11H, COLUMN IV THE FOUNDATION SUPPORTS NON-DESIGNATED PUBLICLY SUPPORTED ORGANIZATIONS THAT PROVIDE ASSISTANCE AND SUPPORT TO STUDENTS, CHILDREN AND THEIR PARENTS, AND LOW-INCOME FAMILIES. THE FOUNDATION MEETS THE REQUIREMENTS OF SECTION 1.509(a)-4(d)(2)(i) OF THE TREASURY REGULATIONS BY DESIGNATING THOSE PUBLICLY SUPPORTED ORGANIZATIONS BY CLASS IN ARTICLE THIRD OF ITS CERTIFICATE OF INCORPORATION AND IN ARTICLE III, SECTION 2.A OF ITS BYLAWS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1722847 1722847 48278048 6190097 42087951 89893 33835 56058 2317692 196082 2121610 45988466 0 DUE FROM NYC SCHOOL CONSTRUCTI 21120000 21120000 X 5503580 974827 974827 4528753 4528753 24885001 24885001 24885001 SCHEDULE D, PART X, LINE 2 THE FOUNDATION FOLLOWS THE ACCOUNTING GUIDANCE for UNCERTAINTIES IN INCOME TAX PROVISIONS WHICH REQUIRE THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE FOUNDATION DOES NOT BELIEVE ITS ACTIVITIES RESULT IN ANY UNCERTAIN TAX POSITIONS. THE TAX YEARS ENDED 2011, 2012 and 2013 ARE STILL OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES. Middle East and North Africa AT-RISK GIRLS 20000 CHECK 1 false false false false false false true CHOATE ROSEMARY HALL 333 CHRISTIAN STREET WALLINGFORD CT 06492 060910420 501(c)(3) 1602592 SCHOLARSHIPS CEI - PEA BENEFIT OFFICE 95 MADISON AVENUE NEW YORK NY 10016 134113613 501(c)(3) 10000 EDUCATION PROGRAMS. NEW YORK UNIVERSITY DEVELOPMENT OFFICE 25 WEST 4TH ST NEW YORK NY 10012 135562308 501(c)(3) 183064 EDUCATION PROGRAMS. ICAHN CHARTER SCHOOL 2 767 FIFTH AVENUE SUITE 4700 NEW YORK NY 10153 205816198 501(c)(3) 148988 CONSTRUCTION ICAHN CHARTER SCHOOL 3 767 FIFTH AVENUE SUITE 4700 NEW YORK NY 10153 262271604 501(c)(3) 146785 CONSTRUCTION ICAHN CHARTER SCHOOL 4 767 FIFTH AVENUE SUITE 4700 NEW YORK NY 10153 264674992 501(c)(3) 119189 CONSTRUCTION ICAHN CHARTER SCHOOL 5 767 FIFTH AVENUE SUITE 4700 NEW YORK NY 10153 900606791 501(c)(3) 132065 CONSTRUCTION NATIONAL PHILANTHROPIC TRUST 165 TOWNSHIP LINE ROAD SUITE 150 JENKINTOWN PA 19046 237825575 501(c)(3) 19021215 POLIO ERADICATION PROGRAMS 8 Schedule I PART 1, LINE 2 The grants to Icahn Charter School 2, Icahn Charter School 3, Icahn Charter School 4 and Icahn Charter School 5 are distributions of a US Department of Education grant given to Foundation for a Greater Opportunity (FGO) to distribute to the Schools. The Board of Trustees of each Charter School includes four individuals who also are Directors of FGO and one individual who is an employee of FGO. Each Board of Trustees has nine meetings per year where the School's operations are monitored. The grant agreement with each Charter School stipulates how the money is to be spent, and each School reports the expenditures of grant funds and describes how they benefit the School. FGO Board members and the FGO employees also visit each School during the school year. The grant to NYU is for scholarships, and NYU consults with FGO regarding the scholarships and notifies FGO of the scholarship recipients. The grant to CEI-PEA is for general support. The President of CEI-PEA is a Director of FGO, and FGO works closely with CEI-PEA, which benefits FGO and the Charter Schools through their expertise in charter schools. The Grant to National Philanthropic Trust was to support the Trust's efforts to aid in the eradication of Polio through the Polio Eradication Fund of the Bill & Melinda Gates Foundation. FGO got updates on Trust's work and where FGO's grant was spent and has received and reviewed the 2013 annual report of the Polio Eradication Fund. The grant made to the Jaffa Institute was to support the Beit Ruth Educational and Therapeutic Village for at-risk girls. FGO received information on how the grant was allocated. The executive director visits Choate Rosemary Hill (Choate) at least monthly, has dinners with the scholarship recipients and communicates with the staff. The chairman of FGO is a board member at Choate. false false false false false false false true false HAROLD SHAPIRO DIRECTOR 414155 12660 426815 JULIE CLARK GOODYEAR SECRETARY 229257 0 35000 0 0 0 14500 0 7005 0 285762 0 0 0 EDUARDO LA GUERRE DIRECTOR 218967 7874 226841 BAILEY HECK DIRector OF DEVELOPment 162313 0 37000 0 0 0 12000 0 5747 0 217060 0 0 0 SEYMOUR FLIEGEL DIRECTOR, VICE PRESIDENT 230750 25500 256250 SCHEDULE J, PART 1, LINE 7 The bonuses paid to Julie Clark Goodyear and Bailey Heck are determined at the discretion of the FGO Board of Directors and therefore are non-fixed payments. modal llc DISQUALIFIED PERSON Acquire Shares X 100000000 90000000 false true true modal llc DISQUALIFIED PERSON CONTRIBUTION X 28727570 28727570 false true true 118727570 CARL C ICAHN TRUSTEE, OWNS 100% MODAL FGO NOTE REC FROM MODAL SCHEDULE L, PART II IN DECEMBER 2005, MODAL LLC ("MODAL"), AN AFFILIATE OF MR. CARL C. ICAHN, ENTERED INTO A STOCK PURCHASE AGREEMENT WITH THE FOUNDATION TO ACQUIRE CERTAIN SHARES OF AMERICAN RAILCAR INDUSTRIES, INC. THAT WERE PREVIOUSLY DONATED TO THE FOUNDATION FOR A PURCHASE PRICE EQUAL TO THE GREATER OF $100 MILLION OR THE FAIR MARKET VALUE OF THE SHARES ON THE DATE OF PURCHASE. THE FOUNDATION COMPLETED THE SALE TO MODAL ON JANUARY 20, 2006, FOR $100 MILLION CONSISTING OF $10 MILLION IN CASH AND THE BALANCE IN A PROMISSORY NOTE. ON MARCH 6, 2006, MR. CARL C. ICAHN, MADE A GIFT TO THE FOUNDATION IN THE FORM OF A NOTE RECEIVABLE FROM MODAL TOTALING $28,727,570. BOTH THE NOTES EARN INTEREST AT THE PRIME RATE, WHICH IS PAID MONTHLY, AND ARE SECURED BY THE GUARANTEE OF HIGH COAST LIMITED PARTNERSHIP, WHICH IS AN AFFILIATE OF MR. ICAHN. THE PRINCIPAL OF EACH NOTE IS DUE JANUARY 2016. DOING BUSINESS WITH MODAL, LLC PART IV, LINE 26 THE FOUNDATION HAS TWO NOTES RECEIVABLE FROM MODAL, LLC WITH BALANCES TOTALING $118,727,570 AS OF 12/31/13. MODAL, LLC IS 100% OWNED BY CARL C. ICAHN, WHO IS A DIRECTOR OF THE FOUNDATION. RELATED OFFICERS PART VI, SECTION A, LINE 2 TWO DIRECTORS, CARL C. ICAHN AND GAIL GOLDEN-ICAHN, ARE HUSBAND AND WIFE. SUSAN GORDON (OFFICER) AND GAIL GOLDEN-ICAHN (OFFICER AND DIRECTOR) ARE EMPLOYED BY ENTITIES OWNED BY CARL C. ICAHN. GOVERNING BODY PART VI, SECTION A, LINE 7A THE FOUNDATION'S BYLAWS PROVIDE FOR THREE CLASSES OF DIRECTORS - CLASS A, CLASS B AND CLASS C. THE CLASS A DIRECTORS CONSTITUTE A MAJORITY OF THE ENTIRE BOARD OF DIRECTORS AND ARE APPOINTED OR ELECTED EITHER BY THE GOVERNING BODY OR AN OFFICER, ACTING IN HIS OR HER OFFICIAL CAPACITY, OF ONE OR MORE OF THE PUBLICLY SUPPORTED EXEMPT ORGANIZATIONS WITHIN THE CLASS OF ORGANIZATIONS SUPPORTED BY THE FOUNDATION. CLASS B CONSISTS OF ONE DIRECTOR NAMED IN THE BYLAWS OR A SUCCESSOR DESIGNATED BY THE CLASS B DIRECTOR. THE CLASS C DIRECTORS ARE ELECTED BY THE CLASS B DIRECTOR. PROCESS USED TO REVIEW FORM 990 PART VI, SECTION B, LINE 11 THE FINANCIAL STATEMENTS AND FORM 990 ARE PREPARED BY AN INDEPENDENT ACCOUNTING FIRM PRIOR TO ITS COMPLETION AND FILING. FORM 990 IS PROVIDED TO THE DIRECTORS UPON COMPLETION OF THE INDEPENDENT AUDIT AND PRIOR TO THE FILING OF THE TAX RETURN WITH THE INTERNAL REVENUE SERVICE. CONFLICT OF INTEREST POLICY PART VI, SECTION B, LINE 12C IF THE BOARD OR A COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT AN INTERESTED PERSON HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT WILL INFORM THE INTERESTED PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD HIM OR HER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE RESPONSE AND MAKING SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES, THE BOARD DETERMINES THAT THE INTERESTED PERSON HAS IN FACT FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT WILL TAKE APPROPRIATE ACTION WHICH MAY INCLUDE RECOMMENDATION TO THE BOARD FOR REMOVAL FROM THE BOARD OR TERMINATION OF EMPLOYMENT, AS WELL AS RECONSIDERATION OF WHETHER THE TRANSACTION OR ARRANGEMENT WAS IN THE BEST INTERESTS OF AND FAIR AND REASONABLE TO THE FOUNDATION AT THE TIME IT WAS UNDERTAKEN. IF IT IS DETERMINED THAT THE TRANSACTION WAS NOT FAIR AND REASONABLE TO THE FOUNDATION, THE FOUNDATION IN ITS DISCRETION, MAY AVOID THE CONTRACT AND/OR REQUIRE THE INTERESTED PERSON TO RESTORE THE FOUNDATION TO THE FINANCIAL POSITION IT WOULD HAVE BEEN IN IF SUCH PERSON HAD BEEN DEALING UNDER THE HIGHEST FIDUCIARY STANDING. PROCESS FOR DETERMINING COMPENSATION PART VI, SECTION B, LINE 15B BECAUSE THE COMBINATION OF DUTIES CARRIED OUT BY JULIE CLARK GOODYEAr ARE UNIQUE, IT WOULD BE EXTREMELY DIFFICULT, IF NOT IMPOSSIBLE, TO LOCATE COMPARABILITY DATA. DESPITE THE LACK OF SUCH DATA, IT IS BELIEVED THAT THE COMPENSATION PAID to MS. GOODYEAR IS REASONABLE BASED ON THE DUTIES AND RESPONSIBILITIES OF her POSITION, THE TIME SPENT PERFORMING THOSE DUTIES, AND THE PERFORMANCE LEVEL. NO OTHER OFFICERS OF THE FOUNDATION ARE COMPENSATED BY THE FOUNDATION. AVAILABILITY OF FORM 990 PART VI, SECTION C, LINE 19 FORM 990 IS POSTED ON WWW.GUIDESTAR.ORG. THE FOUNDATION REVIEWS THE WEBSITE TO VERIFY THE PRESENCE AND ACCURATE POSTING OF ITS FORM 990. THE FOUNDATION DOES NOT MAKE ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. THE FOUNDATION'S FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. CONTRIBUTION OF INTEREST INCOME PART VIII, LINE 1F ON MARCH 6, 2006, CARL C. ICAHN, A DIRECTOR OF THE FOUNDATION, MADE A GIFT TO THE FOUNDATION IN THE FORM OF A NOTE RECEIVABLE FROM MODAL,LLC, AN AFFILIATE OF MR. ICAHN, TOTALING $28,727,570. THE NOTE EARNS INTEREST AT THE PRIME RATE, PAYABLE MONTHLY IN ARREARS AND IS SECURED BY THE GUARANTEE OF HIGH COAST LIMITED PARTNERSHIP, WHICH IS AN AFFILIATE OF MR. ICAHN. THE FOUNDATION RECOGNIZED INTEREST INCOME ON THE FINANCIAL STATEMENTS FROM THE GIFT OF $933,646 IN 2013. THE $933,646 WAS CONSIDERED A CONTRIBUTION ON FORM 990, PART VIII, LINE 1F IN 2013. GREATER OPPORTUNITY LLC 767 FIFTH AVENUE 4700 NEW YORK NY 10153 133913393 SUPPORT DE 3975 FGO ADDED OPPORTUNITY LLC 767 FIFTH AVENUE 4700 NEW YORK NY 10153 133913393 SUPPORT DE 333 FGO ADDITIONAL OPPORTUNITY I LLC 767 FIFTH AVENUE 4700 NEW YORK NY 10153 133913393 SUPPORT DE 696 FGO INWOOD OPPORTUNITY LLC 767 FIFTH AVENUE 4700 NEW YORK NY 10153 455340936 SUPPORT DE 70245 48315547 FGO BRONX OPPORTUNITY LLC 767 FIFTH AVENUE 4700 NEW YORK NY 10153 460677840 SUPPORT DE 273 FGO ICAHN CHARTER SCHOOL 1 767 FIFTH AVENUE SUITE 4700 NEW YORK NY 10153 134166657 SCHOOL NY 501(C)(3) 2 NA false ICAHN CHARTER SCHOOL 2 767 FIFTH AVENUE SUITE 4700 NEW YORK NY 10153 205846198 SCHOOL NY 501(C)(3) 2 NA false ICAHN CHARTER SCHOOL 3 767 FIFTH AVENUE 4700 NEW YORK NY 10153 262271604 SCHOOL NY 501(C)(3) 2 NA false CENTER FOR EDUCATIONAL INNOVATION 28 WEST 44TH STREET NEW YORK NY 10036 134113613 EDUCATION NY 501(C)(3) 7 NA false CHOATE ROSEMARY HALL 333 CHRISTIAN STREET WALLINGFORD CT 06492 060910420 SCHOOL CT 501(C)(3) 2 NA false NEIGHBORHOOD ASSOC FOR INTER-CULTURAL 1055 GRAND CONCOURSE BRONX NY 10452 132995128 HOUSING NY 501(C)(3) 7 NA false PRINCETON UNIVERSITY TREASURERS OFFICE BOX 35 PRINCETON NJ 08543 210634501 UNIVERSITY NJ 501(C)(3) 2 NA false ICAHN CHARTER SCHOOL 4 767 FIFTH AVENUE 4700 NEW YORK NY 10153 264674992 SCHOOL NY 501(C)(3) 2 NA false NEW YORK UNIVERSITY DEVELOPMENT OFFICE25 W 4TH ST ROO NEW YORK NY 10012 135562308 SCHOOL NY 501(C)(3) 2 NA false ICAHN CHARTER SCHOOL 5 767 FIFTH AVENUE SUITE 4700 NEW YORK NY 10153 900606791 SCHOOL NY 501(C)(3) 2 NA false ICAHN CHARTER SCHOOL 6 767 FIFTH AVENUE SUITE 4700 NEW YORK NY 10153 453201374 SCHOOL NY 501(C)(3) 2 NA false ICAHN CHARTER SCHOOL 7 767 FIFTH AVENUE SUITE 4700 NEW YORK NY 10153 453201480 SCHOOL NY 501(C)(3) 2 NA false NATIONAL PHILANTROPIC TRUST 165 TOWNSHIP LINE ROAD JENKINTOWN PA 19046 237825575 PHILANTHROPY PA 501(C)(3) 7 NA false THE JAFFA INSTITUTE BEIT TEPER 5 TEL GIBORIM STREET JAFFA IS 61081 PROGRAMS IS 501(C)(3) 7 NA false false true false false false false false false true false false false false false false false false false