JOHN AND MARY RAITT FAMILY FOUNDATION: Form 990PF, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: JOHN AND MARY RAITT FAMILY FOUNDATION (EIN 36-4159656)
Tax period: 2011-11-01 to 2012-10-31
Filed: 2013-05-23
IRS object ID: 201321439349100607
Schema version: 2011v1.5
Source: Download XML · Original 990 at ProPublica

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

Return header
Form 990-PF
Accounting Fees Schedule
Depreciation Schedule
Investments Corp Stock Schedule
Land Etc Schedule2
Other Expenses Schedule
Other Income Schedule2

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-05-23T16:04:05-05:00	Timestamp
Tax Period End Date	2012-10-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	FRIEDMAN & HUEY ASSOC LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	1313 WEST 175TH STREET	AddressLine1
City	HOMEWOOD	City
State	IL	State
ZIP Code	60430	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnType
Tax Period Begin Date	2011-11-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	364159656	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	JOHN AND MARY RAITT FAMILY FOUNDATION	BusinessNameLine1
Business Name Line2	C/O JOHN R RAITT	BusinessNameLine2

Field	Value	IRS element (for citing)
In Care Of Name	% JOHN R RAITT	InCareOfName
Name Control	JOHN	NameControl
Phone	3126210585	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1111 MOHAWK ROAD	AddressLine1
City	WILMETTE	City
State	IL	State
ZIP Code	600911244	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	JOHN RAITT	Name
Title	DIRECTOR	Title
Date Signed	2013-05-02	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Phone	7087996800	Phone

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-25 16:41:14Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Exempt PF	X	ExemptPF
FMV Assets EOY	718312	FMVAssetsEOY
Method Of Accounting Cash	X	MethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Received Rev And Expnss	0	ContriReceivedRevAndExpnss
Not Required To Attach Schedule B	X	NotRequiredToAttachScheduleB
Dividends Rev And Expnss	15701	DividendsRevAndExpnss
Dividends Net Invst Incm	15701	DividendsNetInvstIncm
Net Gain Sale Assets Rev And Expnss	25555	NetGainSaleAssetsRevAndExpnss
Gross Sales Price	93170	GrossSalesPrice
Capital Gain Net Incm Net Invst Incm	25555	CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses	41256	TotalRevenueAndExpenses
Total Net Investment Income	41256	TotalNetInvestmentIncome
Comp Ofcr Dir Trst Rev And Expnss	0	CompOfcrDirTrstRevAndExpnss
Accounting Fees Rev And Expnss	1900	AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm	950	AccountingFeesNetInvstIncm
Accounting Fees Adj Net Incm	0	AccountingFeesAdjNetIncm
Accounting Fees Dsbrs Chrtbl Prps	950	AccountingFeesDsbrsChrtblPrps
Other Expenses Rev And Expnss	55	OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm	30	OtherExpensesNetInvstIncm
Other Expenses Dsbrs Chrtbl Prps	25	OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss	1955	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	980	TotOprExpensesNetInvstIncm
Tot Opr Expenses Adj Net Incm	0	TotOprExpensesAdjNetIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	975	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	51500	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	51500	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	53455	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	980	TotalExpensesNetInvstIncm
Total Expenses Adj Net Incm	0	TotalExpensesAdjNetIncm
Total Expenses Dsbrs Chrtbl Prps	52475	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	-12199	ExcessOfRevenueOverExpenses
Net Investment Income	40276	NetInvestmentIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Cash BOY	-34700	CashBOY
Cash EOY	1910	CashEOY
Cash EOYFMV	1910	CashEOYFMV
Savings And Temp Cash Invst BOY	131	SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY	66	SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV	66	SavingsAndTempCashInvstEOYFMV
Investments Corp Stock BOY	665329	InvestmentsCorpStockBOY
Investments Corp Stock EOY	616585	InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV	716336	InvestmentsCorpStockEOYFMV
Total Assets BOY	630760	TotalAssetsBOY
Total Assets EOY	618561	TotalAssetsEOY
Total Assets EOYFMV	718312	TotalAssetsEOYFMV
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Follow SFAS117	X	OrgThatFollowSFAS117
Unrestricted BOY	630760	UnrestrictedBOY
Unrestricted EOY	618561	UnrestrictedEOY
Total Net Assets BOY	630760	TotalNetAssetsBOY
Total Net Assets EOY	618561	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	630760	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	618561	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	630760	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	-12199	ExcessOfRevenueOverExpenses
Subtotal	618561	Subtotal
Total Net Assets Fund Balances EOY	618561	TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo (2 entries)

Description Of AssetDescriptionOfAsset	Gross Sales PriceGrossSalesPrice	Cost Or Other BasisCostOrOtherBasis	Gain Or LossGainOrLoss	Gains Minus Excess Or LossesGainsMinusExcessOrLosses	How AcquiredHowAcquired
PUBLICLY TRADED SECURITIES	90000	67615	22385	22385
CAPITAL GAIN DIVIDENDS			3170		P

Field	Value	IRS element (for citing)
Capital Gain Net Income	25555	CapitalGainNetIncome

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	true	LiableFor4942Tax

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Investment Income Excise Tax	806	InvestmentIncomeExciseTax
Subtotal	806	Subtotal
Tax Based On Investment Income	806	TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment	55	EstTaxPaymentsAndOverpayment
Tax Paid With Extension	759	TaxPaidWithExtension
Total Credits And Payments	814	TotalCreditsAndPayments
Penalty For Underpayment	8	PenaltyForUnderpayment
Amount Credited To Next Year	0	AmountCreditedToNextYear

Statements Regarding Activities StatementsRegardingActivities

Field	Value	IRS element (for citing)
Legislative Political Activities	false	LegislativePoliticalActivities
More Than100 Spent	false	MoreThan100Spent
Form1120 POL Filed	false	Form1120POLFiled
Activities Not Prev Reported	false	ActivitiesNotPrevReported
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylaws
Unrelated Bus Income Over1000	false	UnrelatedBusIncomeOver1000
Termination Etc	false	TerminationEtc
Requirements Of Sect508e	true	RequirementsOfSect508e
At Least5000 In Assets	true	AtLeast5000InAssets
States Filed With	IL	StatesFiledWith
Form990 PF Filed With AG	true	Form990PFFiledWithAG
Private Operating Foundation	false	PrivateOperatingFoundation
New Substantial Contributors	false	NewSubstantialContributors
Interest In Controlled Entity	false	InterestInControlledEntity
Applicable Insurance Contract	false	ApplicableInsuranceContract
Comply With Public Inspection Rqr	true	ComplyWithPublicInspectionRqr

Books In Care Of Business Name BooksInCareOfBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	JOHN R RAITT	BusinessNameLine1

Field	Value	IRS element (for citing)
Books In Care Of Phone Number	3126210585	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	1111 MOHAWK ROAD	AddressLine1
City	WILMETTE	City
State	IL	State
ZIP Code	600911244	ZIPCode

Field	Value	IRS element (for citing)
Foreign Bank	false	ForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

Field	Value	IRS element (for citing)
Sale Or Exchange With Dsqfly Person	false	SaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly Person	false	BorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly Person	false	FurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly Person	false	PayCompensationToDsqflyPerson
Transfer Assets To Dsqfly Person	false	TransferAssetsToDsqflyPerson
Payment To Government Offical	false	PaymentToGovernmentOffical
Uncorrected Prior Acts	false	UncorrectedPriorActs
Undistributed Income Prior Years	false	UndistributedIncomePriorYears
Undistr Income4942a2 Not Applied	false	UndistrIncome4942a2NotApplied
Business Holdings	false	BusinessHoldings
Jeopardy Investments	false	JeopardyInvestments
Uncorrected Jeopardy Investments	false	UncorrectedJeopardyInvestments
Influence Legislation	false	InfluenceLegislation
Influence Election	false	InfluenceElection
Grants To Individuals	false	GrantsToIndividuals
Grants To Organizations	false	GrantsToOrganizations
Noncharitable Purpose	false	NoncharitablePurpose
Relying Curr Notice Disaster Asst2	X	RelyingCurrNoticeDisasterAsst2
Prohibited Tax Shelter Transactn	false	ProhibitedTaxShelterTransactn
Proceeds Or Net Income	false	ProceedsOrNetIncome

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (3 entries)

Address Line1USAddress/AddressLine1	CityUSAddress/City	StateUSAddress/State	ZIP CodeUSAddress/ZIPCode	TitleTitle	Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition	CompensationCompensation	Contri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtc	Expense Account Other AllowancesExpenseAccountOtherAllowances
JOHN R RAITT
1111 MOHAWK ROAD	WILMETTE	IL	600911244	PRESIDENT - PART TIME	0	0	0	0
MARY R RAITT
1111 MOHAWK ROAD	WILMETTE	IL	600911244	VP/TREAS - PART TIME	0	0	0	0
MISSY CHAMPION
1111 MOHAWK ROAD	WILMETTE	IL	600911244	DIRECTOR - PART TIME	0	0	0	0

Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy

Field	Value	IRS element (for citing)
Description1	NONE	Description1

Sum Of Program Related Investments SumOfProgramRelatedInvestments

Field	Value	IRS element (for citing)
Description1	NONE	Description1

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	731347	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	4816	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	0	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	736163	TotalFMVOfUnusedAssets
Acquisition Indebtedness	0	AcquisitionIndebtedness
Adj Total FMV Of Unused Assets	736163	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	11042	CashDeemedCharitable
Net Noncharitable Assets	725121	NetNoncharitableAssets
Minimum Investment Return	36256	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	36256	MinimumInvestmentReturn
Tax Based On Investment Income	806	TaxBasedOnInvestmentIncome
Total Tax	806	TotalTax
Distributable Amount Before Adj	35450	DistributableAmountBeforeAdj
Distributable Amount Before Ded	35450	DistributableAmountBeforeDed
Distributable Amount As Adjusted	35450	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	52475	ExpensesAndContributions
Program Related Investments Total	0	ProgramRelatedInvestmentsTotal
Amounts Paid Acq Charitable Assets	0	AmountsPaidAcqCharitableAssets
Amounts Set Aside Suitability Test	0	AmountsSetAsideSuitabilityTest
Amounts Set Aside Cash Distri Test	0	AmountsSetAsideCashDistriTest
Qualifying Distributions	52475	QualifyingDistributions
Adj Qualifying Distributions	52475	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	35450	DistributableAmountAsAdjusted
Undistributed Income Prior Year	34533	UndistributedIncomePriorYear
Prior Year1	2009	PriorYear1
Prior Year2	2008	PriorYear2
Prior Year3	2007	PriorYear3
Excess Distri Carryover Year1	0	ExcessDistriCarryoverYear1
Total Excess Distri Carryover	0	TotalExcessDistriCarryover
Qualifying Distributions	52475	QualifyingDistributions
Applied To Year1	34533	AppliedToYear1
Applied To Current Year	17942	AppliedToCurrentYear
Remaining Distri From Corpus	0	RemainingDistriFromCorpus
Excess Distri Cyov App CY Corpus	0	ExcessDistriCyovAppCYCorpus
Excess Distri Cyov Applied CY	0	ExcessDistriCyovAppliedCY
Total Corpus	0	TotalCorpus
Undistributed Income CY	17508	UndistributedIncomeCY
Excess Distri Cyov To Next Year	0	ExcessDistriCyovToNextYear
Excess From Current Year	0	ExcessFromCurrentYear

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

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Contributing Manager	JOHN AND MARY RAITT	ContributingManager
Shareholder Manager	NONE	ShareholderManager
Only Contributes To Preselected	X	OnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (2 entries)

Address Line1RecipientUSAddress/AddressLine1	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Recipient RelationshipRecipientRelationship	Recipient Foundation StatusRecipientFoundationStatus	Purpose Of Grant Or ContributionPurposeOfGrantOrContribution	AmountAmount
MAYO FOUNDATION
200 FIRST STREET SW	ROCHESTER	MN	55905	NONE	PUBLIC	CHARITABLE	$50,000
OUR NEXT GENERATION
3421 W LISBON AVENUE	MILWAUDEE	WI	53208	NONE	PUBLIC	CHARITABLE	$1,500

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	51500	TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Field	Value	IRS element (for citing)
Fees Contracts From Govt Agencies		FeesContractsFromGovtAgencies
Membership Dues And Assessments		MembershipDuesAndAssessments
Int On Savings And Temp Cash Invst		IntOnSavingsAndTempCashInvst

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$15,701	ExclusionAmount

Field	Value	IRS element (for citing)
Net Rental Incm Re Debt Fincd Prop		NetRentalIncmReDebtFincdProp
Net Rntl Incm Re Not Debt Fincd Prop		NetRntlIncmReNotDebtFincdProp
Net Rental Incm Personal Property		NetRentalIncmPersonalProperty
Other Investment Income Part VII		OtherInvestmentIncomePartVII

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

Field	Value	IRS element (for citing)
Exclusion Code	18	ExclusionCode
Exclusion	$25,555	ExclusionAmount

Field	Value	IRS element (for citing)
Net Income Loss From Special Events		NetIncomeLossFromSpecialEvents
Gross Profit Loss Sales Of Invntry		GrossProfitLossSalesOfInvntry

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Exclusion	$41,256	ExclusionAmount

Field	Value	IRS element (for citing)
Total Part XVIA	41256	TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Noncharitable EO	false	TrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EO	false	TrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssets
Purchase Assets Noncharitable EO	false	PurchaseAssetsNoncharitableEO
Rental Of Facilities Etc	false	RentalOfFacilitiesEtc
Reimbursement Arrangements	false	ReimbursementArrangements
Loans Or Loan Guarantees	false	LoansOrLoanGuarantees
Performance Of Services Etc	false	PerformanceOfServicesEtc
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtc
Relationships Noncharitable E Os	false	RelationshipsNoncharitableEOs

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

Field	Value	IRS element (for citing)
Category	FRIEDMAN & HUEY ASSOCIATES	Category
Amount	$1,900	Amount
Net Investment Income	950	NetInvestmentIncome
Disbursements Charitable Prps	950	DisbursementsCharitablePrps

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock (3 entries)

Name Of StockNameOfStock	EOY Book ValueEOYBookValue	EOYFMVEOYFMV
8,287.145 SHS OAKMARK GLOB FD	131840	180991
26,676.97 FIDELITY STRAT INCOM	261921	304118
7,097.20 SHS OAKMARK SELECT FD	222824	231227

Land Etc Schedule2 LandEtcSchedule2

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (3 entries)

DescriptionDescription	Revenue And Expenses Per BooksRevenueAndExpensesPerBooks	Net Investment IncomeNetInvestmentIncome	Disbursements Charitable PrpsDisbursementsCharitablePrps
ILL CHARITY BUREAU FUND	15	0	15
ILL SECRETARY OF STATE	10	0	10
BANK FEES	30	30	0

Other Income Schedule2 OtherIncomeSchedule2

Other Income OtherIncome

Field	Value	IRS element (for citing)
Description	MISC	Description