Rebecca Susan Buffett Foundation in Highland Park, Illinois (IL)

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Rebecca Susan Buffett Foundation
Employer Identification Number (EIN)364201771
Name of OrganizationRebecca Susan Buffett Foundation
In Care of NamePamela B Buffett
Address548 Hyacinth Pl, Highland Park, IL 60035-1262
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date02/1998
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$10,000,000 to $49,999,999
Income$10,000,000 to $49,999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$12,153,105
Amount of Income$11,327,481
Form 990 Revenue Amount$298,641
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations

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Amount of income in 2012: $11,327,481 (it was $844,641 in 2011)
This organization: 

Other organizations performing similar types of work: 


Assets in 2012: $12,153,105 (it was $4,104,783 in 2011)
Rebecca Susan Buffett Foundation: 

Other organizations performing similar types of work: 


Expenses in 2012: $3,469,306
This organization: 

Other organizations performing similar types of work: 


Income to expenses ratio in 2012: 3.3
This organization: 

Other organizations performing similar types of work: 


Grants share in income in 2012: 96.3%
This organization: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Revenue for 2012

Expenses for 2012

Assets 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$10,703,481$397,009$0
Contributions, gifts, grants, etc., received$10,306,472
Interest on savings and temporary cash investments$16
Dividends and interest from securities$41
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Total expenses and disbursements$3,469,306$37,352$0$3,431,954
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$37,352$37,352$0
Contributions, gifts, grants paid$3,431,954
Excess of revenue over expenses and disbursements$7,234,175
Net investment income$359,657
Adjusted net income$0
Balance Sheets (for 2012)
Book ValueFair Market Value
Total assets$12,153,105$14,052,213
Cash - non-interest-bearing$0
Investments-U.S. and state government obligations$0
Investments-corporate stock$11,494,376
Investments-corporate bonds$0
Investments-mortgage loans$0
Total liabilities$6,474
Mortgages and other notes payable$0
Total liabilities and net assets/fund balances$12,146,631
Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income$396,952
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$3,597
Total credits and payments$4,680
2012 estimated tax payments and 2011 overpayment credited to 2012$2,680
Exempt foreign organizations-tax withheld at source$0
Tax paid with application for extension of time to file (Form 8868)$2,000
Backup withholding erroneously withheld$0
Any penalty for underpayment of estimated tax$0
Tax due$0
Amount to be credited to 2013 estimated tax$1,083
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)?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 2012)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$10,852,314
Net value of noncharitable-use assets$10,689,520
Minimum investment return$534,476
Distributable Amount (for 2012)
Distributable amount$530,879
Undistributed Income (for 2012)
Distributable amount for 2012$530,879
Undistributed income for 2012. This amount must be distributed in 2013$0
Private Operating Foundations (for 2012)
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 Walsh Foundation190 S Lasalle St Ste 1700, Chicago, IL 60603-3496IL1995-06$46,605,330
2Renate Hans And Maria Hofmann Trust C/O Robert S Warshaw10 S Dearborn Il10111, Chicago, IL 60603-2300IL1997-07$20,790,768
3The King Family Foundation1415 W 22nd St Ste 400, Oak Brook, IL 60523-2023IL1995-03$14,678,422
4The Justin And Valerie Blair Potter Foundation231 S Lasalle St Il1 231 10 05, Chicago, IL 60697-0001IL1996-07$12,883,153
5Twomey Foundation587 90th Ave, Roseville, IL 61473-9795IL1995-02$6,983,497
6Schmidt-Messmer Perpetual Charitable Trust 340276180010 S Dearborn Il1-0117, Chicago, IL 60603-2300IL1996-09$3,289,963
7Shirley A Shultz Charitable Trust10 S Dearborn Ste 21 Fl, Chicago, IL 60603-2300IL1995-04$2,264,157
8William M Keller Foundation10 S Dearborn, Chicago, IL 60603-2300IL1996-09$1,664,243
9William & Karen Goodyear Foundation135 S Lasalle, Chicago, IL 60603-4177IL1997-08$680,101
10Wagner Family Foundation600 Central Ave Ste 365, Highland Park, IL 60035-3257IL1997-05$671,634
11Speiser Family Foundation135 S Kensington Ave, La Grange, IL 60525-2214IL1997-02$645,317
12Strachan And Vivian H Donnelley Foundation, Donnelley Strachan TteePO BOX 803878, Chicago, IL 60680-3878IL1997-09$456,517
13The Samuel Eells Literary And Educational Foundaton Inc6126 Lincoln Ave, Morton Grove, IL 60053-2965IL1963-04$451,724
14Tamil Nadu Foundation Inc1709 Kenyon Dr, Naperville, IL 60565-1715IL1976-04$410,515
15St Lucas Charitable Tr 111594, Regnery Patrick Ttee1240 Laurie Ln, Burr Ridge, IL 60527-4825IL1995-06$395,415
16Sumac Foundation Tr, Freebairn Lucrecia B Et Al Ttee55 E Pearson St Unit 5005, Chicago, IL 60611-2638IL1997-10$388,403
17Sally And Miles Berger Family Foundation350 W Hubbard St Ste 222, Chicago, IL 60654-6977IL1997-02$280,660
18Walter J Burnett Foundation Trust Pt 32324 Nect10 S Dearborn Il1-0117, Chicago, IL 60603-2300IL1970-12$234,209
19Vibern Foundation, Hank W & M Mckellar & J Dale315 Quail Ridge Dr, Westmont, IL 60559-6144IL1995-08$81,005
20The Chapin Foundation, Heimark Craig F TteeC/O Oconnor Partners, Chicago, IL 60603IL1995-03$62,336
Number of organizations performing similar types of work
District of Columbia19
North Carolina122
North Dakota2
New Hampshire11
New Jersey112
New Mexico4
New York230
Rhode Island22
South Carolina27
South Dakota2
West Virginia16
Total2,744 is not associated with, endorsed by, or sponsored by Rebecca Susan Buffett Foundation and has no official or unofficial affiliation with Rebecca Susan Buffett Foundation