Western Asset Management Company Charitable Foundation in Pasadena, California (CA)

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Western Asset Management Company Charitable Foundation
Employer Identification Number (EIN)202589546
Name of OrganizationWestern Asset Management Company Charitable Foundation
In Care of NameJames Hirschmann
Address385 E Colorado Blvd, Pasadena, CA 91101-1923
SubsectionCharitable Organization
Ruling Date02/2006
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period03/2012
Assets$5,000,000 to $9,999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$6,045,816
Amount of Income$6,549,758
Form 990 Revenue Amount$6,549,758
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Corporate Foundations


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Amount of income in 2012: $6,549,758 (it was $647,559 in 2011)
Western Asset Management Company Charitable Foundation: 

 $6,549,758
Other organizations performing similar types of work: 

 $100,425

Assets in 2012: $6,045,816 (it was $34,794 in 2011)
Western Asset Management Company Charitable Foundation: 

 $6,045,816
Other organizations performing similar types of work: 

 $315,010

Financial snapshot ($)

Expenses for 2012

Analysis of Revenue and Expenses (for 2012)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$6,549,758$0$0
Contributions, gifts, grants, etc., received$6,549,758
Interest on savings and temporary cash investments$0
Dividends and interest from securities$0
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Total expenses and disbursements$538,736$0$0$537,736
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$5,156$0$5,156
Contributions, gifts, grants paid$533,580
Excess of revenue over expenses and disbursements$6,011,022
Net investment income$0
Adjusted net income$0
Balance Sheets (for 2012)
Book ValueFair Market Value
Total assets$6,045,816$6,045,816
Cash - non-interest-bearing$6,045,816
Investments-U.S. and state government obligations$0
Investments-corporate stock$0
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$0
Total liabilities$0
Total liabilities and net assets/fund balances$6,045,816
Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income$0
Net capital loss$0
Excise Tax Based on Investment Income (for 2012)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$0
Total credits and payments$0
Any penalty for underpayment of estimated tax$0
Tax due$0
Amount to be credited to 2013 estimated tax$0
Statements Regarding Activities (for 2012)
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 2012 or the taxable year beginning in 2012?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2012)
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 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012?No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?No
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)?Yes
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 2012)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$1,317,952
Net value of noncharitable-use assets$1,298,180
Minimum investment return$64,909
Distributable Amount (for 2012)
Distributable amount$64,909
Undistributed Income (for 2012)
Distributable amount for 2012$64,909
Undistributed income for 2012. This amount must be distributed in 2013$0
Private Operating Foundations (for 2012)
2012201120102009Total
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
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1The California Wellness Foundation6320 Canoga Ave Ste 1700, Woodland Hls, CA 91367-2565CA1991-09$247,509,080
2The@june Foundation5150 Overland Ave, Culver City, CA 90230-4914CA1999-09$20,212,793
3Fineberg Foundation, Rodney A Chase Ttee11812 San Vicente Blvd Ste 500, Los Angeles, CA 90049-5081CA2011-01$12,784,430
4Western Asset Management Company Charitable Foundation385 E Colorado Blvd, Pasadena, CA 91101-1923CA2006-02$6,549,758
5James And Deborah Burrows Foundation, Charles Baren Ttee9171 Wilshire Blvd Ste 400, Beverly Hills, CA 90210-5516CA2011-07$5,350,808
6Union Bank Foundation, 6700010220PO BOX 45174, San Francisco, CA 94145-0174CA2007-02$3,950,550
7Susan & Bruce Worster Foundation11271 Magdalena Rd, Los Altos, CA 94024-5140CA2001-05$3,256,602
8Westcliff Foundation200 7th Ave Ste 105, Santa Cruz, CA 95062-4669CA2001-04$2,351,064
9Walter J & Betty C Zable FoundationPO BOX 85587, San Diego, CA 92186-5587CA1997-08$2,127,647
10Rosenberg Ach FoundationPO BOX 590155, San Francisco, CA 94159-0155CA2010-09$2,122,615
11Topsy Turvy Privy Foundation, Edward Rossi Ttee4790 Irvine Blvd Ste 105-Pmb 4, Irvine, CA 92620-1973CA2006-08$1,826,061
12Cj Berry Foundation1484 Pollard Rd Ste 406, Los Gatos, CA 95032-1031CA2010-11$1,743,380
13Kayne Anderson Capital Advisors Foundation1800 Avenue Of The Stars No 3rd Fl, Los Angeles, CA 90067-4201CA2012-02$1,517,825
14Vincent J Coates Foundation1080 Leonello Ave, Los Altos, CA 94024-4913CA2000-12$1,357,811
15Lily Lai Foundation4227 Mancilla Ct, San Diego, CA 92130-2203CA2011-02$1,257,681
16Rmnj Family Foundation, Rajan P Shahani Ttee400 N Santa Anita Ave Ste 102, Arcadia, CA 91006-2874CA2012-05$1,008,015
17Tawa Charitable Foundation6281 Regio Ave, Buena Park, CA 90620-1023CA2007-08$1,007,055
18Sanford & Phyllis Beim Fam Foundation17337 Palora St, Encino, CA 91316-3902CA2001-01$904,194
19Burt And Penny@greer Trust9810 Aura Ave, Northridge, CA 91324-1603CA2012-03$884,864
20The Cheesecake Factory-Oscar And Evelyn Overton Charitable Foundati26901 Malibu Hills Rd, Calabasas Hls, CA 91301-5354CA2002-01$837,004
Number of organizations performing similar types of work
Alaska6
Alabama22
Arkansas14
Arizona38
California300
Colorado60
Connecticut56
District of Columbia23
Delaware37
Florida188
Georgia83
Hawaii12
Iowa24
Idaho14
Illinois141
Indiana53
Kansas20
Kentucky22
Louisiana21
Massachusetts109
Maryland59
Maine6
Michigan76
Minnesota57
Missouri36
Mississippi10
Montana12
North Carolina64
North Dakota3
Nebraska21
New Hampshire10
New Jersey134
New Mexico13
Nevada22
New York349
Ohio90
Oklahoma30
Oregon40
Pennsylvania120
Rhode Island20
South Carolina20
South Dakota5
Tennessee30
Texas180
Utah29
Virginia60
Vermont7
Washington64
Wisconsin51
West Virginia2
Wyoming9
International5
Total2,877

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