Grousbeck Family Foundation in Stanford, California (CA)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Unrelated Trade or Business Income
- Deductions Not Taken Elsewhere
- Other organizations in California
| Grousbeck Family Foundation | |
| Employer Identification Number (EIN) | 770267061 |
| Name of Organization | Grousbeck Family Foundation |
| In Care of Name | H I Grousebeck |
| Address | 655 Knight Way, Stanford, CA 94305-7216 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 04/1991 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 11/2011 |
| Assets | $50,000,000 to greater |
| Income | $10,000,000 to $49,999,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $169,527,759 |
| Amount of Income | $29,323,684 |
| Form 990 Revenue Amount | $29,323,684 |
Non-representatives - add comments:
Revenue for 2011
Expenses for 2011
Assets for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $29,323,684 | $19,704,679 | $0 | |
| Contributions, gifts, grants, etc., received | $5,200,192 | |||
| Interest on savings and temporary cash investments | $3,055 | |||
| Dividends and interest from securities | $3,853,689 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $6,285,062 | |||
| Other | $13,981,686 | |||
| Total expenses and disbursements | $17,100,123 | $1,189,703 | $0 | $15,335,346 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,787,317 | $1,189,703 | $22,540 | |
| Contributions, gifts, grants paid | $15,312,806 | |||
| Excess of revenue over expenses and disbursements | $12,223,561 | |||
| Net investment income | $18,514,976 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $169,527,759 | $182,275,526 |
| Cash - non-interest-bearing | $1 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $169,521,913 | |
| Other | $5,845 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $169,527,759 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $13,981,686 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2011) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $185,150 |
| Total credits and payments | $247,000 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $247,000 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $0 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Overpayment | $61,850 |
| Amount to be credited to 2012 estimated tax | $61,850 |
| Statements Regarding Activities (for 2011) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | Yes |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $188,388,586 |
| Net value of noncharitable-use assets | $185,562,760 |
| Minimum investment return | $9,278,138 |
| Distributable Amount (for 2011) | |
| Distributable amount | $9,092,988 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $9,092,988 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
| Unrelated Trade or Business Income (for 2009) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $3,183,982 | $0 | $3,183,982 |
| Gross receipts or sales less returns and allowances | $0 | $0 | $0 |
| Cost of goods sold | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 |
| Capital gain net income | $328,019 | $0 | $1,328,019 |
| Net gain | $0 | $0 | $0 |
| Capital loss deduction for trusts | $0 | $0 | $0 |
| Income (loss) from partnerships and S corporations | $3,578,167 | $10 | $3,578,167 |
| Rent income | $0 | $0 | $0 |
| Unrelated debt-financed income | $0 | $0 | $0 |
| Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
| Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
| Exploited exempt activity income | $0 | $0 | $0 |
| Advertising income | $0 | $0 | $0 |
| Other income | $661,667 | $0 | $66,166 |
| Deductions Not Taken Elsewhere (for 2009) | |
| Total deductions | $45,115 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $0 |
| Repairs and maintenance | $0 |
| Bad debts | $0 |
| Interest | $3,023 |
| Taxes and licenses | $25,994 |
| Charitable contributions | $0 |
| Depreciation | $0 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $0 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $16,098 |
| Unrelated business taxable income | $3,229,097 |
| Unrelated business taxable income before net operating loss deduction | $3,229,097 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $3,229,097 |
| Specific deduction | $1,000 |
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| Other organizations in California | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Gordon E And Betty I Moore Foundation | 1661 Page Mill Rd, Palo Alto, CA 94304-1209 | CA | 2001-09 | $750,389,988 |
| 2 | Brandon-Gordon Family Foundation | 11812 San Vicente Blvd Ste 200, Los Angeles, CA 90049-6622 | CA | 2000-03 | $47,599 |
| 3 | Gospel Recordings | 41823 Enterprise Cir N Ste 200, Temecula, CA 92590-5682 | CA | 1945-04 | $1,963,679 |
| 4 | Grace Of Jesus Christ Crusade | 3445 Adelaida Rd, Paso Robles, CA 93446-9780 | CA | 1982-11 | $501,401 |
| 5 | Grand National Foundation Inc | 1143 Crane St Ste 200, Menlo Park, CA 94025-4341 | CA | 1972-08 | $106,878 |
| 6 | Grattan After School Program | 165 Grattan St, San Francisco, CA 94117-4208 | CA | 2002-03 | $444,861 |
| 7 | Great Schools | 160 Spear St Ste 1020, San Francisco, CA 94105-1545 | CA | 1999-01 | $7,750,112 |
| 8 | Greenwood Community Church Foundati | PO BOX 56, Elk, CA 95432-0056 | CA | 1995-03 | $19,798 |
| 9 | Greg And Peggy Sarandi Foundation | 18010 Sky Park Cir Ste 150, Irvine, CA 92614-6417 | CA | 2001-02 | $60,000 |
| 10 | Grizzly Creek Ranch | 1321 Garden Hwy, Sacramento, CA 95833-9754 | CA | 2003-03 | $725,511 |
| 11 | Grousbeck Family Foundation | 655 Knight Way, Stanford, CA 94305-7216 | CA | 1991-04 | $29,323,684 |
| 12 | H Russell Smith Foundation | 4675 Macarthur Ct Ste 540, Newport Beach, CA 92660-8813 | CA | 2002-09 | $1,005,504 |
| 13 | Hagopian Family Foundation | 11150 Santa Monica Blvd Ste 1200, Los Angeles, CA 90025-3386 | CA | 1990-05 | $986,487 |
| 14 | Hal And Jeanette Segerstrom Family Foundation | 818 W Bay Ave, Newport Beach, CA 92661-1110 | CA | 2001-02 | $3,159,984 |
| 15 | Hans & Elizabeth Wolf Foundation | 895 Mockingbird Ln, Palo Alto, CA 94306-3719 | CA | 1966-08 | $1,045,165 |
| 16 | Happy Valley Foundation | PO BOX 804, Ojai, CA 93024-0804 | CA | 1949-09 | $7,216,266 |
| 17 | Harbor Rose Lodge | Pob 2772, San Pedro, CA 90731 | CA | 2007-08 | $14,065 |
| 18 | Harding Rock Fund | PO BOX 29903, San Francisco, CA 94129-0903 | CA | 2004-10 | $22,222 |
| 19 | Harlan Family Foundation | 9010 Tollhouse Rd, Clovis, CA 93619-9751 | CA | $728,591 | |
| 20 | Harrington Family Foundation | 105 Fremont Avenue, Los Altos, CA 94022-3929 | CA | 2008-03 | $1,543,257 |
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