Pershing Square Foundation in New York, New York (NY)

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Pershing Square Foundation
Employer Identification Number (EIN)208068401
Name of OrganizationPershing Square Foundation
In Care of NamePershing Square Capital Mgmt
Address888 7th Avge 42nd Fl, New York, NY 10019
SubsectionCharitable Organization
Ruling Date02/2009
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period09/2012
Assets$50,000,000 to greater
Income$10,000,000 to $49,999,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$59,227,022
Amount of Income$10,091,304
Form 990 Revenue Amount$59,002,678
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Fund Raising and/or Fund Distribution


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Amount of income in 2012: $10,091,304 (it was $59,002,678 in 2011)
Pershing Square Foundation: 

 $10,091,304
Other organizations performing similar types of work: 

 $64,099

Assets in 2012: $59,227,022 (it was $70,177,981 in 2011)
This organization: 

 $59,227,022
Other organizations performing similar types of work: 

 $39,773

Financial snapshot ($)

Revenue for 2011

Expenses for 2011

Assets for 2011

Analysis of Revenue and Expenses (for 2011)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$59,002,678$2,678$0
Contributions, gifts, grants, etc., received$59,000,000
Interest on savings and temporary cash investments$2,678
Dividends and interest from securities$0
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Total expenses and disbursements$25,477,893$40$0$25,477,853
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$911,479$40$911,439
Contributions, gifts, grants paid$24,566,414
Excess of revenue over expenses and disbursements$33,524,785
Net investment income$2,638
Adjusted net income$0
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$70,177,981$85,552,602
Cash - non-interest-bearing$0
Investments-U.S. and state government obligations$0
Investments-corporate stock$0
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$60,900,000
Other$9,277,981
Total liabilities$0
Total liabilities and net assets/fund balances$70,177,981
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$0
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$26
Total credits and payments$476
2011 estimated tax payments and 2010 overpayment credited to 2011$476
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$450
Amount to be credited to 2012 estimated tax$450
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?Yes
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?Yes
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?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 2011)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$94,864,020
Net value of noncharitable-use assets$93,441,060
Minimum investment return$4,672,053
Distributable Amount (for 2011)
Distributable amount$4,672,027
Undistributed Income (for 2011)
Distributable amount for 2011$4,672,027
Undistributed income for 2011. This amount must be distributed in 2012$0
Private Operating Foundations (for 2011)
2011201020092008Total
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
1Pershing Square Foundation888 7th Avge 42nd Fl, New York, NY 10019NY2009-02$10,091,304
2Resolution Project Inc6415 Roosevelt Ave, Woodside, NY 11377-3643NY2009-10$340,319
3Mount Sinai Heritage Trust IncPO BOX 369, Mount Sinai, NY 11766-0369NY2001-02$339,520
4Kiwanis Club Of Southampton Town Foundation IncPO BOX 5040, Southampton, NY 11969-5040NY2012-08$100,921
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8Cherry Grove Memorial Fund Inc150 E 69th Street Suite 20m, Nyc, NY 10021NY2003-06$9,003
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12Eden Community Foundation IncPo Box 96, Eden, NY 14057NY2000-03$0
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15Friends Of The Howland Public Library313 Main Street, Beacon, NY 12508NY2003-07$0
16Hard Times Nyc Inc510 Broadway Apt 5, New York, NY 10012-4469NY2009-11$0
17Rain Maker Foundation, Rmf211 E 18th St Ste 2 R, New York, NY 10003NY2010-02$0
18Run 4 Downtown Inc17 North Street, Middletown, NY 10940NY2012-09$0
19Thousand Islands Young Leaders Organization405 Riverside Drive, Clayton, NY 13624NY2012-08$0
20W D Littleford Foundation For Corporate Community Service675 Third Ave 7th Fl, New York, NY 10017NY1999-06$0
Number of organizations performing similar types of work
Alaska1
Alabama1
Arkansas3
Arizona7
California32
Colorado10
Connecticut1
District of Columbia3
Florida14
Georgia12
Hawaii1
Iowa6
Illinois13
Indiana5
Kansas4
Kentucky4
Louisiana7
Massachusetts8
Maryland5
Maine7
Michigan12
Minnesota5
Missouri7
Montana2
North Carolina6
North Dakota3
New Hampshire1
New Jersey8
New Mexico1
Nevada3
New York23
Ohio19
Oklahoma3
Oregon6
Pennsylvania12
South Carolina4
South Dakota1
Tennessee3
Texas21
Utah2
Virginia13
Washington10
Wisconsin8
West Virginia2
Total319

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