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 Period12/2013
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 - Not required to file (all other)
Asset Amount$322,635,257
Amount of Income$179,207,954
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 2013: $179,207,954 (it was $103,158,500 in 2012)
This organization: 

 $179,207,954
Other organizations performing similar types of work: 

 $103,138

Assets in 2013: $322,635,257 (it was $300,433,632 in 2012)
This organization: 

 $322,635,257
Other organizations performing similar types of work: 

 $338,623

Expenses in 2012: $16,695,650
This organization: 

 $16,695,650
Other organizations performing similar types of work: 

 $46,867

Income to expenses ratio in 2012: 10.7
This organization: 

 10.7
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2012: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 79.6%

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$17,241,478$18,774,918$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$258
Dividends and interest from securities$18,772,405
Gross rents$0
Gross profit from sales of goods$0
Other income$2,255
Total expenses and disbursements$16,695,650$312,350$0$16,033,000
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$662,650$312,350$0
Contributions, gifts, grants paid$16,033,000
Excess of revenue over expenses and disbursements$545,828
Net investment income$18,462,568
Adjusted net income$0
Balance Sheets (for 2012)
Book ValueFair Market Value
Total assets$300,433,632$387,741,509
Cash - non-interest-bearing$0
Investments-U.S. and state government obligations$0
Investments-corporate stock$129,040,840
Investments-corporate bonds$103,048,555
Investments-mortgage loans$0
Investments-other$68,290,899
Other$53,338
Total liabilities$7,221,454
Mortgages and other notes payable$0
Other$7,221,454
Total liabilities and net assets/fund balances$293,212,178
Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income$0
Net capital loss$-1,533,440
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$369,251
Total credits and payments$635,842
2012 estimated tax payments and 2011 overpayment credited to 2012$635,842
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$2,858
Tax due$0
Overpayment$263,733
Amount to be credited to 2013 estimated tax$263,733
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$370,381,429
Net value of noncharitable-use assets$364,825,700
Minimum investment return$18,241,285
Distributable Amount (for 2012)
Distributable amount$17,872,034
Undistributed Income (for 2012)
Distributable amount for 2012$17,872,034
Undistributed income for 2012. This amount must be distributed in 2013$17,571,547
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
1Paulson Family Foundation1251 Avenue Of The Americas 50th, New York, NY 10020NY2009-09$250,244,356
2William And Sue Gross Family FoundationPO BOX 15014, Albany, NY 12212-5014NY2003-09$179,207,954
3The Zegar Family Foundation, Charles M Zegar Et Al Ttee240 Riverside Blvd, New York, NY 10069-1024NY2007-03$113,107,069
4Foundation For A Just Society505 Park Ave, New York, NY 10022-1106NY2010-10$80,891,159
5Paul E Singer Foundation551 5th Ave Fl 18, New York, NY 10176-1899NY2010-04$61,000,000
6Ralph And Ricky Lauren Family Foundation IncC/O Cbiz 1065 Ave Of The Americas, New York, NY 10018NY2013-02$59,247,604
7Yale Fishman Foundation930 Broadway, Woodmere, NY 11598-1766NY2001-03$57,241,483
8Wilma S And Laurence A Tisch Foundation, Wilma S Tisch Ttee655 Madison Ave, New York, NY 10065-8043NY2012-05$45,595,382
9Stephen A Schwarzman Education Foundation345 Park Ave Fl 16, New York, NY 10154-0004NY2013-09$38,324,486
10Inmaat FoundationOne Rockeleffer Plz Ste 321, New York, NY 10020NY2012-02$31,356,053
11William R Orthwein Jr And Laura Rand Orthwein Foundation Inc1 New York Plz Fl 7, New York, NY 10004-1913NY2003-10$30,779,166
12Stewart J Rahr Foundation725 5th Ave 24th Fl, New York, NY 10022-2519NY2011-04$21,695,049
13The Shs Foundation, Feldman Richard E FidPO BOX 331, Plainview, NY 11803-0331NY2003-01$21,571,299
14Rowan Family Foundation Inc927 5th Ave, New York, NY 10021-2650NY2005-03$20,009,338
15Robert And Mercedes Eichholz FoundationCo Alexa Davidson Suskin, Brooklyn, NY 11217NY2012-01$18,887,702
16Overdeck Family Foundation100 Ave Of The Amer Fl 16, New York, NY 10013-1689NY2010-04$18,541,114
17Butters Foundation1 Rockefeller Plz Rm 321, New York, NY 10020-2134NY2012-06$17,305,471
18Y C Ho Helen & Michael Chiang Foundation60 East 42nd St, New York, NY 10165-0006NY2007-05$16,401,485
19Fields-Gordon-Galley Private Foundation Tr, Gordon Frances L Ttee1081 Elizabeth St, Baldwin, NY 11510-4716NY2013-03$16,263,683
20Mckeon Family Foundation919 Third Ave, New York, NY 10022-3902NY2012-02$16,106,929
Number of organizations performing similar types of work
Alaska9
Alabama199
Arkansas82
Arizona267
California2,351
Colorado400
Connecticut391
District of Columbia107
Delaware405
Florida1,490
Georgia455
Hawaii86
Iowa147
Idaho73
Illinois1,069
Indiana261
Kansas152
Kentucky147
Louisiana127
Massachusetts713
Maryland422
Maine67
Michigan549
Minnesota327
Missouri308
Mississippi56
Montana59
North Carolina649
North Dakota15
Nebraska126
New Hampshire66
New Jersey849
New Mexico78
Nevada194
New York2,454
Ohio628
Oklahoma223
Oregon179
Pennsylvania935
Rhode Island181
South Carolina141
South Dakota32
Tennessee192
Texas1,225
Utah217
Virginia452
Vermont36
Washington375
Wisconsin334
West Virginia49
Wyoming61
International38
Total20,448

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