William And Sue Gross Family Foundation in Albany, New York (NY)

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William And Sue Gross Family Foundation
Employer Identification Number (EIN)050563132
Name of OrganizationWilliam And Sue Gross Family Foundation
In Care of NameThe Ayco Co L P
AddressPO BOX 15014, Albany, NY 12212-5014
SubsectionCharitable Organization
Ruling Date09/2003
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$292,666,350
Amount of Income$70,281,686
Form 990 Revenue Amount$20,608,909
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations


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Amount of income in 2011: $70,281,686 (it was $41,189,278 in 2010)
This organization: 

 $70,281,686
Other organizations performing similar types of work: 

 $90,224

Assets in 2011: $292,666,350 (it was $272,454,220 in 2010)
This organization: 

 $292,666,350
Other organizations performing similar types of work: 

 $323,888

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$20,608,909$21,837,641$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$827
Dividends and interest from securities$21,764,314
Gross rents$0
Gross profit from sales of goods$0
Other income$72,500
Total expenses and disbursements$396,779$131,140$0$160,000
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$236,779$131,140$0
Contributions, gifts, grants paid$160,000
Excess of revenue over expenses and disbursements$20,212,130
Net investment income$21,706,501
Adjusted net income$0
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$292,666,350$340,573,087
Cash - non-interest-bearing$0
Investments-U.S. and state government obligations$47,988,289
Investments-corporate stock$75,847,995
Investments-corporate bonds$127,142,316
Investments-mortgage loans$0
Investments-other$7,797,532
Other$33,890,218
Total liabilities$0
Total liabilities and net assets/fund balances$292,666,350
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$0
Net capital loss$-1,228,732
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$434,130
Total credits and payments$572,376
2011 estimated tax payments and 2010 overpayment credited to 2011$572,376
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$2,404
Overpayment$135,842
Amount to be credited to 2012 estimated tax$135,842
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?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$338,080
Net value of noncharitable-use assets$333,009,300
Minimum investment return$16,650,465
Distributable Amount (for 2011)
Distributable amount$16,216,335
Undistributed Income (for 2011)
Distributable amount for 2011$16,216,335
Undistributed income for 2011. This amount must be distributed in 2012$15,732,513
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
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1Jennifer And Jonathan Allan Soros Foundation888 Seventh St, New York, NY 10106-0001NY2010-03$153,979,054
2Paul E Singer Foundation551 5th Ave Fl 18, New York, NY 10176-1899NY2010-04$115,000,000
3William And Sue Gross Family FoundationPO BOX 15014, Albany, NY 12212-5014NY2003-09$70,281,686
4Butters Foundation1 Rockefeller Plz Rm 321, New York, NY 10020-2134NY2012-06$44,713,999
5Inmaat Foundation1 Rockefeller Plz Rm 321, New York, NY 10020-2134NY2012-02$41,143,723
6Shaw Family Endowment Fund120 W 45th St Fl 39, New York, NY 10036-4041NY2009-01$40,072,793
7Wilma S And Laurence A Tisch Foundation, Wilma S Tisch Ttee655 Madison Ave, New York, NY 10065-8043NY2012-05$37,137,728
8Foundation For A Just Society160 5th Ave Fl 7, New York, NY 10010-7037NY2010-10$30,115,253
9Stewart J Rahr Foundation725 5th Ave 24th Fl, New York, NY 10022-2519NY2011-04$27,399,101
10Overdeck Family Foundation100 Ave Of The Amer Fl 16, New York, NY 10013-1689NY2010-04$25,500,000
11The Shs Foundation, Feldman Richard E FidC/O Richard Feldman 7 Penn Plaza No, New York, NY 10001NY2003-01$24,413,481
12Paulson Family Foundation1251 Avenue Of The Americas 50th, New York, NY 10020NY2009-09$24,000,000
13Rowan Family Foundation Inc927 5th Ave, New York, NY 10021-2650NY2005-03$20,502,798
14Tr Ua 06162003, Bricker William L Jr Ttee730 5th Ave Fl 20, New York, NY 10019-4105NY2011-02$15,039,256
15Recanati-Kaplan Foundation, Thom Waye Ttee401 E 80th St Apt 12a, New York, NY 10075-0649NY2011-09$14,905,907
16Seymour Fox Memorial Foundation IncPO BOX 869, Troy, NY 12181-0869NY2012-03$14,100,772
17Travis FoundationTwo Court Square 8th Fl, Long Island City, NY 11101-4356NY2011-06$12,320,470
18The Neuberger Berman Foundation605 Third Ave, New York, NY 10158-0180NY2000-11$12,158,684
19Y C Ho Helen & Michael Chiang Foundation60 East 42nd St, New York, NY 10165-0006NY2007-05$11,485,639
20Zankel Fund622 Third Ave, New York, NY 10017-6707NY2008-12$11,292,423
21The Lillian Jean Kaplan Foundation Inc400 E 67th St Apt 9f, New York, NY 10065-6327NY2002-12$10,636,649
22Warburg Pincus Foundation450 Lexington Ave 33rd Fl, New York, NY 10017-3904NY2001-02$10,089,059
23Story Garschina Foundation1 Gramercy Park W, New York, NY 10003-1714NY2012-11$10,000,000
24The Nduna Foundation1 Dag Hammarskjold Plz Fl 42, New York, NY 10017-2201NY2010-03$8,786,440
25William A Haseltine Charitable FoundationC/O Citrin Cooperman Co 529 Fifth, New York, NY 10017NY2003-09$8,137,467
26Carol Sutton Lewis & William M Lewis Jr Charitable Foundation, Gary W Parr Ttee30 Rockefeller Plz, New York, NY 10112-0015NY2010-06$8,031,501
27Sda Foundation, Goldberg Alan E Ttee630 Fifth Ave, New York, NY 10111-0100NY2000-11$7,550,000
28Jill And Jay Bernstein Family Foundation124 I U Willets Rd, Old Westbury, NY 11568-1521NY2012-03$7,000,000
29David And Caole Caplan Charitable Foundation77 Water St Ste 9th Fl, New York, NY 10005-4401NY2011-06$6,857,491
30Yvonne And Leslie Pollack Foundation Inc8 Long Meadow Rd, Bedford, NY 10506-1120NY2000-03$6,734,557
Number of organizations performing similar types of work
Alaska8
Alabama189
Arkansas76
Arizona255
California2,264
Colorado383
Connecticut378
District of Columbia99
Delaware361
Florida1,391
Georgia433
Hawaii77
Iowa135
Idaho68
Illinois994
Indiana243
Kansas142
Kentucky137
Louisiana125
Massachusetts669
Maryland413
Maine64
Michigan535
Minnesota313
Missouri300
Mississippi54
Montana57
North Carolina473
North Dakota13
Nebraska122
New Hampshire63
New Jersey816
New Mexico71
Nevada180
New York2,349
Ohio614
Oklahoma216
Oregon176
Pennsylvania999
Rhode Island165
South Carolina127
South Dakota31
Tennessee177
Texas1,160
Utah208
Virginia430
Vermont32
Washington355
Wisconsin341
West Virginia44
Wyoming59
International32
Total19,416

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