Sarah Scaife Foundation 251113452 2009 05E8D03CSearchable

•' r

990 PF Return of Private Foundation Form • or Section 4947(a)(1) Nonexempt Charitable Trust ooµanm,nt a1 tho Treuury Treated a, a Private Foundation 1n1om111 R.-u, 5.,,.,... Note: The foundation ma be able to use a co of this return to satls state re

OMB No 1545-0052

rements ~@09 F 2009 ta be I 2009 di or calendar year or x year 1a nn1na . , and en ng , 20

G Check all that apply. H Initial return LJ Initial return of a former public chr1 LJ Final return Amended return n Address chanae Name chanae

Name of foundation A Employ•r ld•ntlffc.tlon number

UH the IRS ••bel. SARAI! SCAIFE FOUNDATION INCORPORATED 25-1113452

Otherwise, Number and street (or P O box number If m•V ta not dellwred to street addre11) Room/suite B Tel•pl'loM ,.,fflb•1 1, .. P•oe 10 or I'll ntr"""°'9)

print 301 GRANT STREET or type.

ONE OXFORD CENTRE, SUITE 3900 (412) 392-2900 See Specific lnatructlona. City or town. state, and ZIP code c II oxempuon oppl!Calon ii :o pending cneca here ......

D 1. F orelgn orvaruz•lon•. checlt here PITTSBURGH, PA 15219 z. Foreign organlzallon1,,_,ng the

H Check type of organization. ~ Section 501(cr11 exempt private foundat10n 85'1\ lell, chedl hero end lllech ..... o n Section 49471all11 nonexemot charitable trust Other taxable orivate foundahon comput.i,on ........

Fair market value of all assets at end J Accounting method ~ Cash LJ Accrual E If private foundation 1tatu1 _.,as lenTllnatld D

I under Hcllon 507(b)(1MAI. d'led< h.. • .... of year (from Part II, co/. (c), /,ne D Other (specify) ____________ ------ ____ F If lhe fOUndallon II n 8 eo.month termr'lllKllf'I n 16) .... S 24 3, 990, 427. (Part /, column (d) must be on cash basis.) under 1ectlon 507(b)(1)(BI. c:IUld< h.. • ....

Analysls of Revenue and Expenses (The (a) Revenue and (b) Net Investment (c:) AdJusted net (d) Disbursements

total of amounts ,n columns (b), (c). and (d) for charitable ~ may not necessarily equal the 1Jmounts ,n expenses per income income purposes = column (a} (see page 11 of the Instructions) J books leash basis onlvl

= 1 ConlllDut,on~ Q""'II 11c • - (alt.,,, IChedulo) •

i 2 Ch k ... X 11 the loundabon la not required to

ec ettach Sch B • • • , • • , • • •

3 Interest on sa~nga and temporary cash 1nve1tmonta

4 Dividends and interest from secunlles 7,696,265 7,696,265. 0. ATCH 1 tdl 5a Gross rents • . . • . . • . • • . • • • • , • U,I] ~ b Net rantal "1COfflO or (1011)

I 8a Nat gain or (loss) from aale of aaaeta not on lane 10 -6,887,131 ATCH 21 b Gross salas pnce tor all 38,046,055.

asaats on lane Ba

7 Cap, ~, : ,,.'~WIOIV. hne 2) . 8 Net hort-teR ~I • .

0 . ..

9 lncor ~e n oomcalions • • • • · • • • en · 10 a Gross ;• le1S retuma I,. ,., n \ n O

and al owa ce~~ · 1 b Less ~ ~ g d • I a ~"' - Cfl

UJ -c Gross pro 11 or (l~§.t.(~tu -L J IJ . -:

11 Other nco:fw~aeHil:) u. , . -97,198 -97,198. o. ATCH 2 711, 936 7,599,067. o. 12 Total "'"" · .....

13 Compon&atoon of o1focen. dlfBCloB. 1n1,t...,., Ille 630,315 103,040. 0. 527,275.

14 Other employee salaries and wages 359,263 19, 305. o. 339,958. .. I 15 Pension plans. employee benefits 294,963 31,547. 0. 263,416.

!. 1 &a Legal fees (attach schedule) A 'I'.G Ii . ~ 1, 594 o. 0. 1, 594.

&l b Accounting fees (attach schedule) J ~ J . , . 67,290 33,645. 0. 33, 645.

G> c Other professional fees (attach schedule)( 5 1 440, 941 204,941. 0. 236,000. > ~

17 Interest ••••• , ...•.••••••.• I! ; 18 . ' 71,843 5,836. 0. 48,731. Taxes (attach schedule) (aee page 14 al ina 0111NctJon•I "i:

19 Oeprec1ahon (attach schedule) and depletion~ 1, 363 o. 0. ·e -a 20 Occupancy ......••.•.• 219,318 23,456. o. 195,862.

"' 46,834 0. o. 46,834. -a 21 Travel, conferences. and meetings ••.• c Ill 22 Printing and pubhcatrons ........ QI

23 Other expenses (attach schedule) 17 J. 115,614 6,840. o. ]08,774. c ~ 24 Total operating and administrative expensea. .. di Add Imes 13 through 23 2,249,338 428, 610. 0. ],802,089. Cl. .......... 0 25 Contributions. gifts, grants paid P,. T<;: 1:1 • e . 13,447,500 14, 099, 500.

28 r0111 e1Don- ind dllDurMmenll Add Ion ea 24 and 25 15,696,838 428,610. 0. 15, 901, 589.

27 Subtract line 26 from line 12

a Eicua of rwvenu, ov• expenaea and dlliburw,ementa , • -14,984,902

b Net Investment Income (1f negative. enter -0·) 7,170,457.

c Adlusted net Income t1f neaat1ve enter -0-l .. -09.

for Prtvac:y Act and Paperwork Reduction Act Notice, aee page 30 of the Instructions. IEt• 10

'000 77270J 827G 4/29/2010 1 :59:39 PM v 09-5.2

JSA ** ATCH 6 *ATCH 6A

Form 990-PF (20091 PAGE 1

:!)-~

.. ,, Form 990-PF (2009) 25-1113452

Attached achedulea and amounta on tho Beginning of year End of vear liiIDJJII Balance Sheets deacr1p11on co1umn 1t1ould be 1or enc1-o1-year r--_.. _ _..__...,_ __ -+--------.;::.;.;.:...,-'-':..;:;_-------amount• only ISoe a,1truc:tJons l (al Book Value lbl Book Value (c) Farr Market Value

1 Cash - non-lnterest-bearrng • • . 4 6, 6 8 0 , 3 6, 0 2 3 . 3 6, 0 2 3 2 Savings and temporary cash Investments 1 4 , 12 6, 3 4 5 . 7 , 8 5 7 , 2 9 9 . 7 , 8 5 7 , 2 9 9 3 Accounts receivable .... ______________________ _

o. Less allowance for doubtful accounts .... ____________ _ r----------+------------4---------, Pledges receivable .... _______________________ _

Less allowance for doubtful accounts .... ____________ _ r-~~~~~~-t~~~~~~~-+~~~~~~~-

5 Grants recervable • • • • • . • • • • • • • • • • • i-~~~~~~--tr--~~~~~~-+~~~~~~~-8 Receivables due from officers, directors. trustees. and other

disqualified persons (attach schedule) (&00 page 18 d tho ln1tructiona) t---------+---------1---------7 Other notes and loans receivable (attach schedule) .... ____ _

.s 8 3l 9 ,!21oa

b

c 11

12 13 u

15

16

17

18

gJ 19 ;g 20

:C 21

::I 2 2

23

llt 8 2,

Less allowance for doubtful accounts .... ____________ _ r----------+----------+---------Inventories for sale or use • • • • • • • • • • • • • • • • • • Prepaid expenses and deferred charges AT.C.H. . ~ . . . . . 6, 9 8 5 . 7 , 7 9 3 . 7, 7 9 3 . lnvostmont1 - U S and 1tat1 gowmmont obllgat1011a (attach schedule) • "' 4 0, 3 5 7 , 5 7 2 · 3 0, 8 2 9, 5 4 5 . 3 2 , 5 3 2 , 3 4 2 . r----:-:a--:--,:--:-:::--:-:c-=--t--~-::c--~":;:-::'""""-=-="',.......f----....:...--:......-l n vestments - corporate stoelc (attach schedule) AT.C.H . .1.1. 132, 51 7, 1 4 7 . 126, 2 31, 6 8 3 . 1 81, 9 9 4 , 0 7 0 . 1--~--,;;-~;;-~-::---lf-~---,~:;-:-,...;...,::-::--:-+~~-=-...,,...:.....:,....;....;..:......;...,,...:.. Investments· corporate bonds (attach schedule).}\ "I:G fi . i 4 2, 0 3 0, 5 3 6 · 2, 8 4 4, 5 7 4 . 2, 9 5 6, 62 4 , ~':.'1::.1~.;,~a'l,~s~."11d1ngs. .... __________________ r-----------+-----'---'------4-'----....:..--:......~

~a~~:cna~:::rJi::r' doprec:iatron .... - - - - - - - - - - - - - - - - - - - t----------+---------1---------lnvestments • mortgage loans • • . . • . • • . • • • •••• Investments - other (attach schedule) .1:\ T~ ti. ;J..?. . . . . 9, 211, 4 2 0. 14, 8 5 4, 2 2 9. 18, 60 5, 4 91. Land, bu~dlngs.

1 and .... 7\ .,...r,u c. 7\ 8 2 5, O 51 . ,_ ___ ;..__.;.... __ t- __ __;;..__..:,_ __ t- __ ..::...;:..:_.:..:.~--.:...=.

equipment bus ~.r.. _\lo _________ _ Leu accumulated depreciatron .... 8 2 4 , 2 6 6 . 2 , 1 4 8 . 7 8 5 . 7 8 5 . (attach achedule) - - - - _ - - __ - - - _ - ___ - __ r----------+-----------4---------0ther assets (describe .... ____________________ ) i---------t---------it---------Total aasea (lo be completed by all triers - see the instructions Also. see page 1, rtem I) •

Accounts payable and accrued expenses •

Grants payable • • . . • • • , •

Deferred revenue • • • • • • • •

Loan1 from officers. duectanr. tnntoe1. and other draqualllled persor,1

Mortgages and other notes payable (attach schedule) • • •

198,298,833. 182,661,931.

9,182,000. 8,530,000.

Other lrabrlrtles (descrrbe ""' ___________________ ) f---------4---------.....J Total llabllltles (add lrnes 17 through 22). . . . . . ....

Foundations that follow SFAS 117, check here .... ~ and complete lln88 24 through 26 and llnea 30 and 31.

Unrestricted • • • • • •

9,182,000. 8,530,000.

189,116,833. 174,131,931.

243, 990, 427.

; 25

~ 28

Temporarily restricted • • • • • • • • • ••••

Permanently restricted • • • • • • • • • • • • • • •

Foundations that do not follow SFAS 117, check here and complete llnH 27 through 31.

Capital stock, trust prlnetpal, or current funds ••••

Pa1d-1n or capital 1urplu1, or land, bldg. and equipment fund

,:, c: &! 0 27

~ 28

= 29 ~ 30

Retained earning a, accumulated income, endowment, or other funds •

Total net anets or fund balances (see page 17 of the

:! rnstrucllons) • • • • • • • • • • • • • • • • • • • • • • • 189,116,833. 174,131,931.

31 Total llabllltles and net assets/fund balances (see page 17

of the instructions) • • • • • • . . • . • • • • • • • • • • 1 9 8 , 2 9 8 , 8 3 3 . 182, 661, 931.

•· ~ .. ·m• Analvsls of Chanoes In Net Assets or Fund Balances 1 Total net assets or fund balances at beginning of year - Part II, column (a), line 30 (must agree with

end-of-year figure reported on pnor year's return) . 2 Enter amount from Part I, hne 27a

3 Other increases not included 1n line 2 (1temrze) ""' 4 Add lrnes 1, 2, and 3 - -5 Decreases not included

0

1n· Ii~~ 2 (1t~~de).;.. · · • · · • · · · • • · · . · · · · · · · · · · · · · • · · ·

6 Total net assets or fund balances at end o(vear-Cline 4 mrnus line 5) - Part II column (b). hne 30 .... -. ** ATCH 10

JSA

IE 1420 1 000 77270J 827G 4/29/2010 1:59:39 PM V 09-5.2

1

2 3 4

5 6

189, 116, 833. -14, 984, 902.

174,131,931.

174,131,931. Form 990·PF (2009)

PAGE 2

Form 990-PF (2009) 25-1113452 •!.a:1••· ... - Capital Gains and Losses for Tax on Investment Income

(al List and describe the klnd(sl of property sold (e g . real estate, (D)Hc,w (c:) Date /di Date sold acquired ac,1red P-Plmlue mo, dil'/. yr.) 2-storv bnck warehouse, OI common stock. 200 shs MLC Co) n.n..n~- (mo. ay, yr)

1a l!.'T''T'AC'HMENT 21 b

c d e

(e) Gross sates price (f) Depreciation allowed (g) Cost or other basis (h) Gain or (loss) (or allowable) plus expense of sale (el plus (f) minus (g)

a b

c d

e Comolete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (I) Gains (Col (h) gain minus

ll)FMV as of 12/31/69 (JI AdJusted basis (kl Excess of col (I) col (k), but not less than -0-) or as of 12/31/69 over col 0), rt any Losses (from col. (h))

a

b c d e

2 Capital gain net income or (net capital loss) { If gain. also enter m Part I, line 7

} ..... If (loss). enter -0- 1n Part I, line 7 2

3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6)

If gain. also enter m Part I, line 8. column (c) (see pages 13 and 17 of the 1nstruct1ons) } If (loss). enter -0- 1n Part I, hne 8 ..........••................... ... 3

•"-.··-·- Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subJect to the section 4940(a) tax on net investment income)

If section 4940(d)(2) applies. leave this part blank

Was the foundation liable for the section 4942 tax on the distributable amount of any year m the base period? . . . . 0 Yes 0 No If "Yes," the foundation does not qualify under section 4940(e) Do not complete this part.

1 f h h Enter the appropriate amount 1n each column or eac year. see page 18 oft e instructt0ns be ore making any entries (a) (b) tel (di

Base penod years D11tr1but1on ratio Celendar yfJlJI (or tax year t,eginnmg 1n) AdJUSled qualoty,09 dostnbubona Nat value Of nonchantablo-use assets (col (b) dMdad by COi (c)J

2

3

4

5

6

7

6

JSA

2008 17,907,507. 273,355,399. 0.065510

2007 18,576,842. 308, 584, 077. 0.060200

2006 17,204,970. ?88,509,138. 0.059634

2005 17,313,089. 286, 448, 540. 0.060440

2004 15,662,022. 282, 467, 139. 0.055447

Total of hne 1, column (d) 2 0.301231 ..................................... Average d1stnbut1on ratio for the 5-year base period - divide the total on hne 2 by 5, or by the number of years the foundation has been m existence If less than 5 years .......... 3 D.060246

Enter the net value of nonchantable-use assets for 2009 from Part X, hne 5 4 222,911,082. .......... Multiply line 4 by line 3 5 13,429,501. ................... . . . . .. . .

Enter 1 % of net investment income (1 % of Part I, hne 27b). 6 71, 705. .. . . . . . . . . . . Add Imes 5 and 6 7 13,501,206. ...................... . . . . . . . . . . . . . . . . . .

Enter qualifying d1stnbut1ons from Part XII. line 4 ..•............ 8 15,901,589. .......... If line 8 1s equal to or greater than line 7, check the box in Part VI, hne 1 b, and complete that part using a 1% tax rate See the Part VI Instructions on page 18

9E 1430 1 000 Form 990-PF (2009)

PAGE 3 77270J 827G 4/29/2010 1:59:39 PM V 09-5.2

Form S.90-PF (2009) 2 5-1113 4 5 2

l:J.1,~•·a Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948 • see page 18 of the Instructions)

Date of ruling or determination letter ____________ (attach copy of rullng letter If necessary. see lnatrucUona)

b Domestic foundations that meet the section 4940(e) requirements m Part V, check 1 7 1, 7 0 5 .

1 a Exempt operabng lounda!Jona deac:nbed in section 4940(d)(2), check here .... LJ and enter "NIA" on line 1 • • • }

2

3

4

5

6

here .... ~ and enter 1 % of Part I, line 27b • • • • • • • • • • • • . • • • • • • • • • • • • • • • • c All other domestic foundations enter 2% of line 27b Exempt foreign organizations enter 4%

of Part I, hne 12, col (b)

Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only Others enter -0-)

Add Imes 1 and 2

Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only Others enter -0-)

Tax based on Investment Income. Subtract line 4 from line 3. If zero or less. enter -0-

C red1ts/P ayments ·

a 2009 estimated tax payments and 2008 overpayment credited to 2009. ,__6_a-+ _____ 7_6_, _9_3_6_ . ......, b Exempt foreign organizations-tax Wllhheld at source • • • • • • . 1--'&~bc..+ ________ o_. -t

c Tax paid with application for extension of time to file (Form 8868). 1--'6;..:cc..+ ________ o_. -t

d Backup withholding erroneously withheld • • • • • • • . • • • • ~&~d~-----------1 '1 Total credits and payments Add Imes 6a through 6d •••••••••••••.•••••••.

Enter any penalty for underpayment of estimated tax. Check here ~ 1f Form 2220 is attached

..

9 Tax due. If the total of Imes 5 and 8 is more than line 7, enter amount owed ••••.••••• .... 10 Overpaymenl If line 7 1s more than the total of lines 5 and 8. enter the amount overpaid •.•• .... 11 Enter the amount of hne 10 to be Credited to 2010 estimated tax.... 5, 2 31. Refunded ....

•:.F.T~-·••"'·• Statements Regarding Activities

2

3 71,705. 4 0.

5 71,705.

7 76,936.

8

9

10 5,231 .

11

Yes No x

1 a During the tax year, did the foundation attempt to influence any national, state, or local leg1slat1on or did 11

participate or intervene m any poht1cal campaign? • • • • • • • • • • • • • • • • • • . • • • . • • • • • • • • 1a . . . . . . I-'-=-+----+--

x b Did 11 spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19

of the instructions for defirnt1on)? • • • • . • • • • • • • • • • . • • • . . • • • • • • . • • • • • . • • • • • • If the answer is "Yes· to fa or 1b, attach a detailed descnpt1on of the act1v1t1es and copies of any matenals

1b . . . . . . f--'-=-+----+--

published or distflbuted by the foundation ,n connection with the activities x c Did the foundation file Form 1120-POL for this year? • • • • • • • • . • • • • • • • • • . • •

d Enter the amount (1f any) of tax on political expenditures (section 4955) imposed during the year

1c . . . . . . . . . . . . . . . !--'-=-+----+--

(1) On the foundation .... $ (2) On loundat,on managers .... $ __________ _

e Enter the reimbursement (1f any) paid by the foundation during the year for poht1cal expenditure tax imposed on foundation managers .... $ ___________ _

2 Has the foundation engaged m any acllv1t1es that have not previously been reported to the IRS? • • • • • • • • • ••

If "Yes,· attach a detailed descnption of the activities.

3 Has the foundation made any changes, not previously reported to the IRS, m its governing instrument, articles of

incorporation, or bylaws. or other similar instruments? If "Yes,· attach a conformed copy of the changes . . . . . . ••

4a Did the foundation have unrelated business gross income of $1,000 or more during the year?

b If "Yes." has 11 filed a tax return on Form 990-T for this year? •••••.•••••••••

·s Was there a hqu1dation, termination, d1ssolut1on, or substantial contraction during the year? •

If "Yes,• attach the statement required by General Instruction T

6 Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either

• By language m the governing instrument, or

• By state leg1slat1on that effectively amends the governing instrument so that no mandatory directions that

conflict with the state law remain m the governing instrument? • • • . • • • • • • . • . • . • • • • • • • • • • • • • • •

7 Did the foundation have at least $5,000 m assets at any time during the year? If "Yes,· complete Part II, col (c), and Part XV

8 a Enter the states to which the foundation reports or with which 11 1s registered (see page 19 of the mstruct1ons) ~A, _________________________________ -------------------- ___________ _

b If the answer 1s ''Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney General

2 x

3 x

4a x

4b x

5 x

6 x 7 x

(or designate) of each state as required by General Instruction G? If "No,· attach explanation . . . . . . . . . . . • • . . . • . 1--"B=bc..+_x_+---

9 Is the foundation claiming status as a private operating foundation within the meaning of section 4942(])(3) or

49420)(5) for calendar year 2009 or the taxable year beginning m 2009 (see instructions for Part XIV on page

27)? If "Yes,· complete Part XIV . . . • . . . . . . . . . . . . . . . . . • . • . . . . . . • . . . • . . . . . . • • . • . • 1--'9..__ __ -+-_x_ 1 O Did any persons become substantial contributors during the tax year? If ''Yes," attach a schedule fisting the,r

names and addresses . . . . . . . . . . . . . • . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • • . . . . . 1 o x Form 990-PF (2009)

JSA 9E1440 1 000

77270J 827G 4/29/2010 1:59:39 PM V 09-5.2 PAGE 4

'· Form 990-PF (2009) 25-1113452 .. , ..... Statements Regarding Activities (contmued)

11 Al any time during the year. did the foundation. directly or 1nd1rect1y, own a controlled entity withrn the

meanrng of section 512(b)(13)? If "Yes." attach schedule (see page 20 of the Instructions) .•.. 11 x . . . . . . . . . . . . . . 12 Did the foundation acquire a direct or indirect interest In any applrcable insurance contract before

August 17. 2008?. . . . • • • •.••.•.•..••.•.... , .••........•• 12 x . . . . . . . . . . 13 Did the foundation comply with the publrc Inspection requirements for Its annual returns and exemption application? . 13 x

Website address .... NI A u The books are In care of .... SARAH_ SCAIFE_ FOUNDATION I NC·------- Telephone no .... _____ 412-3 92-2 900 _____ _

Located at .... 301_ GRANT STREET,_ SUITE 3900, _PITTSBURGH,_ PA-------- ZIP+ 4 .... 15219 --------LJ 15 Section 4947(a)(1) nonexempt charrtable trusts filrng Form 990-PF 1n lieu of Form 1041 - Check here •••.••.•..• ..,.

and enter the amount of tax-exempt Interest received or accrued durl the ear . . . . . . . • . . • • ..,. 1 5

File Form 4720 If any Item Is checked In the "Yea" column, unless an exception applies. 11 During the year did the foundation (either drrecUy or Indirectly)'

( 1) Engage In the sale or exchange. or leasing of property With a drsqualrfied person? ...

(2) Borrow money from. lend money to. or otherwise extend credit to (or accept rt from) a

OvDI Q]No

disqualified person? • • . • . . . • . . . . . . . . . . . . • . . • . • • . • . . • •

(31 Furnish goods. services. or facrlrtres to (or accept them from) a dlsqualrfied person? ..

(4) Pay compensation to, or pay or reimburse the expenses of, a drsquahfied person? P.'.I'~fl . .l~. §YDI

YDI

YDI

(5) Transfer any Income or assets to a dlsqualrfied person (or make any of erther available for O the benefit or use of a drsquahfled person)?. • • • • . . • • • • • • • . . • . • • . • . . • . . YDI

(81 Agree to pay money or property to a government official? (Exception. Check "No" rf

the foundation agreed to make a grant to or to employ the official for a perrod after

termination of government service. rf termrnatrng within 90 days). . . • • • • • • . . . . • • . 0 YDI

b If any answer Is "Yes" to 1a(1)·(6), did 1ny of the acts fall to qualrfy under the exceptions descnbed In Regulations

section 53 4941 (d)·3 or In a current notice regarding disaster assistance (see page 20 of the lnstructrons)?

Organrzatrons relyrng on a current notice regarding disaster assistance check here • • . . . . . . . . . .

c Old the foundation engage In a prror year rn any of the acts descrrbed in 1 a. other than excepted acts, that

were not corrected before the first day of the tax year beginning In 2009? ••.....•.•••••.•

2 Taxes on failure to drstrrbute rncome (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(1)(3) or 49420)(5))

a At the end of tax year 2009. drd the foundation have any undistributed income (lines 6d and O 6e. Part XIII) for tax year(s) begrnnrng before 2009?. . . • . . • • . • . • • • • • . • • . • • . • . YDI If "Yes." lrst the years ..,. __________ . _________ , ________ . _______ _

b Are there any years hsted rn 2a for which the foundation rs not applying the provisions of sectron 4942(a)(2)

(relatrng to incorrect valuation of assets) to the year's undlstrrbuted income? (If applying section 4942(a)(2)

to all years listed. answer "No" and attach statement - see page 20 of the 1nstructrons) . . . . • . . •.

c If the prov1s1ons of section 4942(a)(2) are being applied to any of the years listed In 2a. list the years here

.... __________ ·--------- ·-------- ·--------31 Ord the foundatron hold more than a 2% direct or indirect interest in any business O

enterprise at any time during the year? • • • • • • . • • • • . • • . • • . • • . • • • • . . . • . • Yes

b If "Yes." did 11 have excess business holdings in 2009 as a result of (1) any purchase by the foundation or

dlsqualrfled persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the

Commrss1oner under sectron 4943(c)(7)) to dispose of holdings acquired by gift or bequest. or (3) the lapse

of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C. Form 4720, to determine tf the

foundation had excess business holdings m 2009.) • . . . . . • • . . . • • • • • . . • . • • . • • . • • • • .

4a Did the foundation invest durrng the year any amount in a manner that would Jeopardize its charitable purposes? .

b Old the foundation make any investment In a prior year (but after December 31, 1969) that could Jeopardize its charitable ur ose that had not been removed from eo ar before the first d of the tax ar 1nmn in 2009?

JSA

9E1450 1 000 77270J 827G 4/29/2010 1:59:39 PM V 09-5.2

~

No

No No

0No

Q]No

Q]No

0No

Yea No

1b x

1 c: x

2b

lb

48 x

4b x Form 990·PF (2009)

PAGE 5

25-1113452 Page 8 Statements Re

5 a During the year did the foundation pay or incur any amount to (1) Car,ry on propaganda. or otherwise attempt to influence leg1sla!lon (section 4945(e))? •

·(2) Influence the outcome of any spec1f1c public election (see section 4955). or to carry on,

directly or indirectly, any voter registration drive? •.••••••••••••••••.

(3) Provide a grant to an Individual for travel, study, or other similar purposes? ••••••••

(4) 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)? (see page 22 of the instructions) ..•

(5) Provide for any purpose other than religious, charitable, setent1flc, literary, or educational

purposes, or for the prevention of cruelty to children or animals?. . • • • • • • • . •••

uired continued

0Yes

0Yes

0Yea

0Yes

0Yes

[8J No

[8J No

~No

[8J No

[8J No

b If any answer is "Yes" to 5a(1)-(5), did any of the transactions fail to qualify under the exceptions described In Regulations section 53 4945 or In a current notice regarding disaster assistance (see page 22 of the instructions)? .•••••• ,_6_b _____ _

Organizations relying on a current notice regarding disaster assistance check here • • . • • • • • . • • • • • • .... D c If the answer 1s "Yes" to question 5a(4), does the foundation claim exemption from the tax

because it maintained expenditure respons1b11ity for the grant? • • • • • • • • • • • • . .

If "Yes,· attach the statement required by Regulations section 53 4945-S(d)

0Yes 0No

61 Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums

on a personal benefit contract?. • • • . • • • • • • • • • • • • • • • • • • • • • • . • • • • • . • D Yes C8J No

b Did the foundation, during the year. pay premiums, directly or indirectly, on a personal benefit contract? •••••

If "Yes• to 6b, file Form 8870

At any time during the tax year, was the foundation a party to a proh1b1ted tax shelter transaction? • • D Yes [8J No

6b

If es. did the foundation receive an roceeds or have an net income attributable to the transaction? • • • • • • • • • • . • • 7 b Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees, and Contractors

1 List all officers, directors, trustees, foundation manaQers and their compensation (see paQe 22 of the instructions).

(a) Name and address (b) Title, and average b'r Compensation (di Conlribul,ons lo (e) Expense account,

hours per week not paid, enter employee benefit plana other allowances devoted to oos1t1on -0-1 and deferred comoensat,on

-------------------------------------ATTACHMENT 14 630,315. 88,000.

-------------------------------------

-------------------------------------

-------------------------------------2 Compensation of five highest-paid employees (other than those included on line 1 - see page 23 of the instructions).

If none, enter "NONE."

(a) Name and address of each employee paid more than $50,000

ATTACHMENT 15

Total number of other employees paid over $50,000 ..

(b) Title. and average hours per week

devoted to pos1bon (c) Compensation

184,150.

(d) Contributions to employee benefit

plans and deferred comcensallon

42,263.

(e) Expense account, other allowances

........ 1

x

x

0

0.

Form 990-PF (2009)

JSA

9E14601000 77270J 827G 4/29/2010 1:59:39 PM V 09-5.2 PAGE 6

~orm 990-P11' (2009) 2 5 -1113 4 5 2

•@190• Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees, and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE." (a) Name and address of each person paid more than $50,000 (b) Type of seMCe (c) Compensation

ATTACHMENT 16 504,952.

Total number of others receiving over $50,000 for professional services ........................ 1 NONE

HiMl&fJ Summary of Direct Charitable Activities

List the foundation's four largest direct charitable actiVlties dunng the tax year Include relevant stat1st1cal 1nformabon such as the number of organ1zat1ons and other benefic1anes served, conferences convened, research papers produced, etc.

1 NOT APPLICABLE

.,2 ~ ---------------------------------------------------------------------------

3

4

I" . ...:• Summarv of Proaram-Related Investments (see oaqe 23 of the instructions) Describe the two largest program-related investments made by the foundation dunng the tax year on lines 1 and 2

1 NOT APPLICABLE

2

All other program-related investments See page 24 of the 1nstruct1ons

3 NONE

Total. Add lines 1 throuqh 3 ............................................... ...

JSA

9E14651000 77270J 827G 4/29/2010 1:59:39 PM V 09-5.2

~sea

Amount

Form 990-PF (2009)

PAGE 7

. . Form

1990-PF (2dtJ9) 2 5- 1113 4 5 2

•@El Minimum Investment Return (All domestic foundations must complete thrs part Foreign foundations, see page 24 of the instructions.)

1 Fa1F market value of assets not used (or held for use) directly ,n carrying out charitable, etc, purposes

a Average monthly fair market value of securities .........•... 1a 226, 269, 961. b Average of monthly cash balances. . . . . . . . . . . . . . . . . . . . 1b 35,706. c Farr market value of all other assets (see page 24 of the 1nstruct1ons) . 1c 0. d Total (add Imes 1 a, b, and c) ....................... 1d 226, 305, 667.

e Reduction claimed for blockage or other factors reported on hnes 1a and

1 c (attach detailed explanation) ........•............ I 1 e I 2 Acqu1s1t1on indebtedness applicable to line 1 assets 2 0. . . . . . . . . . . ................ 3 Subtract line 2 from line 1 d 3 226, 305, 667. . . . . . . . . . . . . . . . . . . . . . . ................ 4 Cash deemed held for charitable actrvrt1es Enter 1 112 % of line 3 (for greater amount, see page 25

of the instructions) 4 3,394,585. . . . . . . . . . . . . . . . . . . . . . . . . . . .................. 5 Net value of noncharitable-use assets. Subtract line 4 from line 3 Enter here and on Part V, hne 4 5 222, 911, 082.

6 Minimum investment return. Enter 5% of line 5 ................ ............ 6 11,145,554.

•~n-•• Distributable Amount (see page 25 of the instructions) (Section 4942(J)(3) and (J)(5) private operating foundations and certain foreign organizations check here .... and do not complete this part)

1 Minimum investment return from Part X, line 6 ............ . . . . . . . . , , . . . . , , _1 ______ 1_1_, _1_4_5_,_5_5_4_. 71,705. 2a Tax on investment income for 2009 from Part VI, line 5 ..... .

b Income tax for 2009 (This does not include the tax from Part VI ) . . . c Add lines 2a and 2b

2a 2b

2c Distributable amount before adjustments Subtract line 2c from hne 1 . . . . . . 3

71,705. 11, 073, 849. 3

4

5 Recoveries of amounts treated as qualifying d1stribut1ons ......................... 1--4-+------------Add lines 3 and 4 5 11, 0 7 3, 8 4 9 .

8 Deduction from distributable amount (see page 25 of the instructions) .......... . 8 7 Distributable amount as adJusted Subtract line 6 from line 5 Enter here and on Part XIII,

line 1 7 11, 073, 849.

•ifltfii Qualifying Distributions (see page 25 of the instructions)

1 Amounts paid (including adm1nrstrat1ve expenses) to accomplish charitable, etc, purposes a • ~xpenses, contributions, gifts, etc - total from Part I, column (d), line 26 . . . . . . . . . . . 1a 15,901,589 . b program-related investments - total from Part IX-8 . . . . . . . . . . . . . . . . . . . . . . . 1b 0.

2 Amounts paid to acquire assets used (or held for use) directly m carrying out charitable, etc.,

.purposes ...................•.....•........... 2 0. . . . . . . . 3 Amounts set aside for spec1f1c charitable proJects that satisfy the

a Su1tab1lity test (prior IRS approval required) 3a 0. .................. . . . . . b Cash d1stribut1on test (attach the required schedule) 3b 0. ............. . . . . .

4 Quallfylng distributions. Add lines 1 a through 3b Enter here and on Part V, hne 8, and Part XIII, hne 4 .. 4 15,901,589.

5 Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment income Enter 1 % of Part I, line 27b (see page 26 of the 1nstruct1ons) 5 71,705.

6 Adjusted qualifying distributions. Subtract hne 5 from line 4 ....................... 6 15,829,884.

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for the section 4940(e) reduction of tax in those years

Form 990-PF (2009)

JSA

9E1470 1 000 77270J 827G 4/29/2010 1:59:39 PM V 09-5.2 PAGE 8

Form 990-PF (2009) 25-1113452 •:r.,111~:•11• Undistributed Income (see page 26 of the instructions)

1 Distributable amount for 2009 from Part XI,

line7 ..................... 2 Und1stnbutlld incoma, 1f any, as of the end of 2009

a Enter amount for 2008 only .......... b Total for pnoryears 20....Q2__,20~. 20~

3 Excess distributions carryover, 1f any. to 2009

a From 2004 1,779,880.

b From 2005 3,281,252.

c From 2006 3,187,117.

d From 2007 3,733,910.

e From 2008 4,389,989.

f Total of Imes 3a through e • ......... 4 Qualifying d1stribut1ons for 2009 from Part XII.

line 4 .... $ 15,901,589 .

a Applied to 2008, but not more than line 2a • • •

b Apphed to und1stnbutlld income of prior years (Election required - see page 26 of the 1nstruct1ons) ......

c Treated as d1stribut1ons out of corpus (Election required - see page 26 of the instructions) • •

d Applied to 2009 distributable amount ..... e Remaining amount distributed out of corpus ..

s Excess distributions carryover applied to 2009 • (ff an amount appears in column (cf), the same amount must be shown ,n column (a) )

6 Enter the net total of each column as indicated below:

a Corpus Add Imes 3f, 4c, and 4e Subtract line 5

b Pnor years' undistributed income Subtract line 4b from line 2b . . . . . . . . . .....

c Enter the amount of pnor years' undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed • • . • • . . • • • • •

d Subtract line 6c from line 6b Taxable amount - see page 27 of the instructions

e Undistributed income for 2008 Subtract line 4a from line 2a Taxable amount - see page 27 of the instructions .............

f Undistributed income for 2009 Subtract Imes 4d and 5 from line 1 This amount must be distributed m 201 O ...............

7 Amounts treated as d1stribut1ons out of corpus to satisfy requirements imposed by section 170(b)(1)(F} or 4942(g}(3} (see page 27 of the instructions} • • • • • • • • • • • • • • • • • •

8 Excess distributions carryover from 2004 not applied on line 5 or line 7 (see page 27 of the instructions} • • • • • • . • • • . • • • ....

9 Excess distributions carryover to 2010. Subtract lines 7 and 8 from line 6a .......

10 Analysis of line 9 a Excess from 2005 3,281,252.

b Excess from 2006 3,187,117.

c Excess from 2007 3, 733, 910.

d Excess from 2008 4,389,989. e Excess from 2009 4,827,740.

JSA

9E1480 1 000

(a) Corpus

16, 372, 148.

4,827,740.

21,199,888.

1,779,880.

19,420,008.

77270J 827G 4/29/2010 1:59:39 PM V 09-5.2

(b) Years prior to 2008

Paga 9

(c) (d) 2008 2009

11,073,849.

11,073,849.

Form 990-PF (2009)

PAGE 9

-- -- ---- - -----

Form 990-PF (2009) 25-1113452 . Private Ooeratlng Foundations see paQe 27 of the instructions and Part VII-A, ciuest1on 9) 1• If lhe foundation has received a rullng or delerminal1on letter lhal 11 Is a

prlv0

al~ . o~~r~tln~ I foundation, and lhe ruling Is effective for 2009, enter lhe date of Iha ruling .. . .

NOT

E APPLICABL

b Check box lo Indicate whether lhe loundalion ls a private operallng foundation described in section I I 4942(1)(3) or I I 4942<JH5>

:Z• Enter the leaser of the so- Tax year Prior 3 years (el Total

Justed net onc:ome lrom Par1 1•12009 (b) 2008 (c) 2007 (d) 2008 I or the monomum investment retum lrom Par1 x tor aach year listed ..

b 85% of llne 2a

c Ouolotylng dlltnbutlan1 from PSI

XII lino 4 ror oac11 y- 111111<1

d Amount, lnctudecs In hno 2c no1 used d1redty tor actrve conduct of e .. empt actMhes •

e Ou•llylng di1tolbutoon1 mode directly tor actrw conduct of exempl .,u~u- Subtract line 20 from hne 2c . . . ..

3 Complete 31 b, or c for the

allernatl'Ylt tNt relied upa,

a ·A11011"' SlematMt IHl • onler

( 11 V•ue at 1111 UIOtl

(:Z I Value ol """'' quallty,ng unaw ,ecuon 49420)(3)(8)(1) . . .

b "'Endcwmenr allernat~ 1811· ontll' 2/3 of minimum Invest·

ment retum shown ,n Par1 X. hne 6 for each yfJf/1 hstecl

c 'Suppor1" 11llomatnoe tell • onler

( 11 Total 1uppot1 other lhan gro11 Investment income (int8nlat, dMdend1, ren11,

p1ymont1 on 190JllhNI

roan, (18CIO'I 512(a)(5)), or royaltMII), •••

(2) Suppon from gen-public ano 5 or more ••empt organi;zauons .. provided 1n aac11on '4942 OXJ)(BJ(,i) • . .

(3) Largest amount of sup-pon from an exempl organ1ZB1,on .. . .

( 4) Gron lrwestmant income • .!.. .. -... - Supple,:nentary Information (Complete this pa~ only if the foundation had $5,000 or more In assets at any time during the year • see page 28 of the instructions.)

1 Information Regarding Foundation Managers: a List any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation

before the close of any tax year (but only 1f they have contributed more than $5,000) (See section 507(d)(2).)

N/A

b List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the ownership of a partnership or other entrty) of which the foundation has a 10% or greater interest

N/A 2 Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here~ 0 1f the foundatron only makes contributions to preselected charitable organizations and does not accept unsollc,ted requests for funds If the foundation makes gifts, grants, etc. (see page 28 of the rnstruct1ons) to rndMduals or organizations under other cond1t1ons, complete items 2a, b. c, and d

a The namA address, and telephone number of the person to whom apphcations should be adaressed

~~__;A~T~T=A~CHMENT 17 b The form in which applications should be submitted and information and materials they should include

ATTACHMENT 17 c Any subm1ss1on deadhnes

ATTACHMENT 17 d Any restrictions or llm1tatrons on awards, such as by geographical areas, charitable fields. kinds of inst1tut1ons, or other

factors

ATTACHMENT 17 J.,.,S,_,A ___ _

•E1490 1 000 77270J 827G 4/29/2010 1:59:39 PM V 09-5.2

Fonn 990-PF (2009)

PAGE 10

Form 990~PF (2009) 2 5-111 3 4 5 2

14Mi!Jj Supplementary Information (continued) 3 Grants and Contributions Paid During the Year or Approved for Future Payment

Recrprent Name and address (home or business)

a Paid dunng the year SEE ATTACHMENTS 17, 18, & 19

Total. .............. . b Approved for future payment

SEE ATTACHMENTS 17,18, & 19

II recipient Is en indMdual. show any relationship to any foundation manager or substantial contnbutor

Foundation status of rec1p1ent

Purpose of grant or contribution

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ~ 3a

Total. ................................................. ~ 3b

JSA 9E1491 1 000

77270J 827G 4/29/2010 1:59:39 PM V 09-5.2

Amount

14,099,500.

14,099,500 .

8,530,000.

8,530,000. Form 990-PF (2009)

PAGE 11

• Form 990~PF (2009) 2 5-1113 4 52 •!-.·--.• .,. ........ Analysis of Income-Producing Activities Enter gross amounts unless otherwise 1nd1cated Unrelated business income Excluded b section 512 513 or 514

(a) (b) (c) (d)

1 Program service revenue Busmesa code Amount Exdusoon code Amount

a b

c d

e

f

g Fees and contracts from government agencies

2 Membership dues and assessments ..... 3 Interest on savings and temporary cash investments

4 Dividends and interest from securities 14 7,696,265. . . .. 5 Net rental income or (loss) from real estate

a Debt-financed property ....... b Not debt-financed property .....

6 Net rental income or (loss) from personal property

7 Other investment Income ......... 8 Gain or (loss) from sales of assets other than inventory 18 -6, 887, 131.

9 Net income or (loss) from speoal events .. 10 Gross profit or (loss) from sales of inventory. 11 Other revenue a

b VENTURE FUND INC. 900099 -1,826. 14 -217,220.

c OTHER INCOME 14 121,848.

d

e

2 Subtotal Add columns (b), (d), and (e) . . . . -1,826. 713,762.

13 Total. Add line 12, columns (b), (d), and (e) .............•••...........•••.•.•• 13 (See worksheet in line 13 instructions on page 28 to verify calculations ) 1::r.,.-: .. ,.11 =• Relationship of Activities to the Accomplishment of Exempt Purposes

(e) '}elated or exemgt

unction incom f See page 28 of he instructions )

711,936.

Line No. Explain below how each act1v1ty for which income 1s reported in column (e) of Part XVI-A contributed importantly to

'Y the accomplishment of the foundation's exempt purposes (other than by providing funds for such purposes) (See page 29 of the instructions)

NOT APPLICABLE

Form 990-PF (2009) JSA 9E1492 1 000

77270J 827G 4/29/2010 1:59:39 PM V 09-5.2 PAGE 12

, Form 990-PF (2009) 2 5-1113 4 5 2 biffliM Information Regarding Transfers To and Transactions and Relationships With Noncharitable

Exempt Organizations 1 Did t'he organization directly or indirectly engage in any of the following with

in section 501(c) of the Code (other than section 501(c)(3) organizations) or in any other organization described section 527. relating to pohtlcal

Yes No

o_rganilat1011s? . a Transfers from the reporting foundation to a nonchantable exempt organization of·

(1) Cash .

(2) Other assets

b Other transactions

( 1) Sales of assets to a nonchantable exempt organization

(2) Purchases of assets from a nonchantable exempt organization

(3) Rental of facilities. equipment. or other assets

(4) Reimbursement arrangements .

(5) Loans or loan guarantees

(8) Performance of services or membership or fundra1slng sollc1tat1ons

c Sharing of fac1ht1es, equipment, ma1hng hsts. other assets, or paid employees

1af11 x 1al21 x

1bl11 x 1bf21 x 1bl31 x 1bf41 x 1bl51 x 1bl81 x

1c x d If the answer to any of the above 1s 'Yes," complete the following schedule Column (bl should always show the fair market

value of the goods, other assets, or services given by the reporting foundation If the foundation received less than fair market

value in any transaction or sharing arrangement. show in column (di the value of the goods, other assets, or services received.

(a) Line no (b) Amount m\/Olved (c) Name of nonchanteble exempt organizallon (d) Oescnpt1on of transfers, transactions, end shanng arrangements

N/A N/A

2a Is the foundation directly or indirectly aff1hated with, or related to, one or more tax-exempt organizations described m

section 501(c) of the Code (other than section 501(c)(3)) or 1n section 527? ....•...••.......••..•.•• 0 Yes [8J No

b If "Yes " com lete the followm schedule (a) Name of organization (b) Type of organization (c) Oescnpt1on of relat1onsh1p

FORT WASHINGTON, PA 19034 Phone no 215-654-1600 Form 990-PF (2009)

JSA 9E1493 1 000

77270J 827G 4/29/2010 1:59:39 PM V 09-5.2 PAGE 13

SARAH SCAIFE FOUNDATION INCORPORATED 25-1113452 •

ATTACHMENT 1

FORM 990PF, PART I - DIVIDENDS AND INTEREST FROM SECURITIES

REVENUE AND NET ADJUSTED

EXPENSES INVESTMENT NET DESCRIPTION PER BOOKS INCOME INCOME

INTEREST INCOME 2,256,927. 2,256,927. 0. DIVIDEND INCOME 5,439,338. 5,439,338. 0.

TOTAL 7,696,265. 7,696,265. 0.

ATTACHMENT 1 77270J 827G 4/29/2010 1:59:39 PM V 09-5.2 PAGE 14

SARAH SCAIFE FOUNDATION INCORPORATED

FORM 990PF, PART I - OTHER INCOME

DESCRIPTION VENTURE INCOME OTHER INCOME

77270J 827G 4/29/2010

TOTALS

1:59:39 PM V 09-5.2

REVENUE AND

EXPENSES PER BOOKS

-219,046. 121, 848.

-97£198.

25-1113452

ATTACHMENT 2

NET INVESTMENT

INCOME -219,046.

121,848.

-97£198.

PAGE 15

ADJUSTED NET

INCOME 0. 0 .

0.

ATTACHMENT 2

SARAH SCAIFE FOUNDATION INCORPORATED 25-1113452

ATTACHMENT 3

FORM 990PF, PART I - LEGAL FEES


EXPENSES INVESTMENT NET CHARITABLE DESCRIPTION PER BOOKS INCOME INCOME PURPOSES

LEGAL FEES 1,594. 0. 0. 1,594.

TOTALS 1~4_.__ ~~-

0. 0. 1 594.



ATTACHMENT 4

FORM 990PF, PART I - ACCOUNTING FEES



AUDIT, COMPLIANCE, AND TAX SRV 67,290. 33,645. 0. 33,645.

TOTALS 67,290. 33 645_._ . O_._ 33,645 .



ATTACHMENT 5

FORM 990PF, PART I - OTHER PROFESSIONAL FEES



FISCAL AGENT FEES 204,941. 204, 941. 0. 0. CONSULTING 236,000. 0. 0. 236,000.

TOTALS 440,941. 204, 941. 0. 236,000.



ATTACHMENT 6

FORM 990PF, PART I - TAXES



FEDERAL EXCISE TAX 15,000. 0. 0. 0. PAYROLL TAX 54,567. 5,836. 0 . 48,731. STATE TAX 2,276. 0. 0. 0.

TOTALS 71 L___8__1J_. 5L8_3 6. 0. 48 731.


SARAH SCAIFE FOUNDATION INCORPORATED FORM 990-PF EIN. 25-1113452 YEAR ENDED· DECEMBER 31, 2009

PART I, LINE 19 - DEPRECIATION EXPENSE PART II, LINE 14 - LAND, BUILDINGS, AND EQUIPMENT

PART II, LINE 14 -ACCUMULATED DEPRECIATION

AITACHMENT6A

DESCRIPTION AMOUNT

LEASEHOLD IMPROVEMENTS OFFICE EQUIPMENT

SUBTOTAL FIXED ASSETS LESS: ACCUMULATED DEPRECIATION

NET FIXED ASSETS

316,204 508,847 825,051

(824,266) 785

DEPRECIATION AND AMORTIZATION EXPENSE FOR 12/31/09 WAS $1,363.

A IT ACHMENT 6A

-------


ATTACHMENT 7

FORM 990PF, PART I - OTHER EXPENSES


EXPENSES INVESTMENT NET CHARITABLE DESCRIPTION PER BOOKS INCOME INCOME PURPOSES COMPUTER MAINTENANCE 1,000. 0. 0. 1, 000. INSURANCE 17,896. 1,914. 0. 15,982. DUES & SUBSCRIPTIONS 5, 2 02. 997. 0. 4,205. OFFICE EXPENSES 23,481. 2,511. 0. 20,970. OFFICE TEMP 7,735. 827. 0. 6,908. TELEPHONE 5,525. 591. 0. 4,934. SECURITY 54,775. 0 . 0. 54,775.

TOTALS 115,614. 6L 8_<10 • --------__Q_._ 108,774.


[ORM 990PF. PP.RT I - C01'TRIBUI!OVi, G!fTS. GRANtS PAID

RECIPIENT NAME AND ADDRESS

GRAflTS PP.ID

SEE ATTACHMEIITS 11, 18, , 19

GRANTS ACCRUED

SEE ATTACHMENTS 11,18, , 19

71210J 821G 4/29/2010 I 59 39 PM

RELATJONSH!P TO SUBSTANTJI'.~ CONTRIBVTOR

ANO

FOUNOATION STATUS or ;;~CIP!E:,T

V 09-5 2

2~-:l1Ji;:>2

ATTACHl!i:!IT 9

PURPOSE Or GRAllT OR CON7RISuT!ON AMOUNT

14, 099, 500

TOTAL CONTR!BUTJONS PAIO 14.099.~QO

e.~30.000

TOTAL APPROVED CONTRIBUTIONS ACCRUED e.:,Jo.ooo

A Ti /\CHMENT 8

?AG~ 21


FORM 990PF, PART II - PREPAID EXPENSES AND DEFERRED CHARGES

DESCRIPTION

PREPAID INSURANCE

TOTALS

77270J 827G 4/29/2010 1:59:39 PM V 09-5.2

ATTACHMENT 9

ENDING BOOK VALUE

7,793.

7L793.

ENDING FMV

7,793.

7L793.

ATTACHMENT 9 PAGE 22


FORM 990PF, PART II - U.S. AND STATE OBLIGATIONS

DESCRIPTION

GOVERNMENT SECURITIES SEE ATTACHMENT 22

US OBLIGATIONS TOTAL

77270J 827G 4/29/2010 1:59:39 PM V 09-5.2

ATTACHMENT 10

ENDING BOOK VALUE

30,829,545.

30,829,545.

ENDING FMV

25-1113452

32,532,342.

32,532,342.



FORM 990PF, PART II - CORPORATE STOCK

DESCRIPTION

COMMON STOCK INVESTMENTS SEE ATTACHMENT 22

77270J 827G 4/29/2010

TOTALS

1:59:39 PM V 09-5.2

25-1113452

ATTACHMENT 11

ENDING BOOK VALUE

126,231,683.

126, 231, 683.

ENDING FMV

181,994,070.

181,994,070.



FORM 990PF, PART II - CORPORATE BONDS

DESCRIPTION

CORPORATE BOND INVESTMENTS SEE ATTACHMENT 22

TOTALS

77270J 827G 4/29/2010 1:59:39 PM V 09-5.2

ATTACHMENT 12

ENDING BOOK VALUE

2,844,574.

2,844,574.

ENDING FMV

25-1113452

2,956,624.

2,956,624.



FORM 990PF, PART II - OTHER INVESTMENTS

DESCRIPTION

VENTURE FUNDS (SEE ATCH 22) MUTUAL FUNDS (SEE ATCH 22) BOND FUND (SEE ATCH 22)

TOTALS

77270J 827G 4/29/2010 1:59:39 PM V 09-5.2

ATTACHMENT 13

ENDING BOOK VALUE

2,866,515. 3,791,753. 8,195,961.

14J_5_4___, 229.

ENDING FMV

25-1113452

2,965,596. 7,320,170. 8,319,725.

18, 605, 491.



FORM 990PF, PART VIII - LIST OF OFFICERS, DIRECTORS, AND TRUSTEES

NAME AND ADDRESS

RICHARD M. SCAIFE 301 GRANT STREET ONE OXFORD CENTRE, SUITE 3900 PITTSBURGH, PA 15219-6401

MICHAEL W. GLEBA 301 GRANT STREET ONE OXFORD CENTRE, SUITE 3900 PITTSBURGH, PA 15219-6401

BARBARA L. SLANEY 301 GRANT STREET ONE OXFORD CENTRE, SUITE 3900 PITTSBURGH, PA 15219-6401

R. DANIEL MCMICHAEL 301 GRANT STREET ONE OXFORD CENTRE, SUITE 3900 PITTSBURGH, PA 15219-6401

YVONNE MARIE BLY 301 GRANT STREET ONE OXFORD CENTRE, SUITE 3900 PITTSBURGH, PA 15219-6401

77270J 827G 4/29/2010

TITLE AND AVERAGE HOURS PER WEEK DEVOTED TO POSITION

CHAIRMAN/TRUSTEE 3.00

PRESIDENT/TRUSTEE 32.00

VP/TREASURER 32.00

SECRETARY 3.00

ASST. TREASURER 32.00

1:59:39 PM V 09-5.2

COMPENSATION

0.

262,424.

268, 691.

0.

57,200.

25-1113452

ATTACHMENT 14

CONTRIBUTIONS EXPENSE ACCT TO EMPLOYEE BENEFIT PLANS

0.

37,400.

37,400.

0.

13,200.

PAGE 27

AND OTHER ALLOWANCES

0.

o.

0.

o.

0.

ATTACHMENT 14



NAME AND ADDRESS

T. KENNETH CRIBB, JR. 301 GRANT STREET ONE OXFORD CENTRE, SUITE 3900 PITTSBURGH, PA 15219-6401

EDWIN J. FEULNER, JR. 301 GRANT STREET ONE OXFORD CENTRE, SUITE 3900 PITTSBURGH, PA 15219-6401

ALLAN H. MELTZER 301 GRANT STREET ONE OXFORD CENTRE, SUITE 3900 PITTSBURGH, PA 15219-6401

E. VAN R. MILBURY 301 GRANT STREET ONE OXFORD CENTRE, SUITE 3900 PITTSBURGH, PA 15219-6401

ROGER W. ROBINSON, JR. 301 GRANT STREET ONE OXFORD CENTRE, SUITE 3900 PITTSBURGH, PA 15219-6401

77270J 827G 4/29/2010


TRUSTEE 3.00

TRUSTEE 3.00

TRUSTEE 3.00

TRUSTEE 3.00

TRUSTEE 3.00

1:59:39 PM V 09-5.2

25-1113452

ATTACHMENT 14 (CONT'D~

CONTRIBUTIONS EXPENSE ACCT TO EMPLOYEE AND OTHER

COMPENSATION BENEFIT PLANS ALLOWANCES

6,000. 0. 0.

6,000. 0. 0.

4,500. 0. 0.

3,000. 0. 0.

6, 000. 0. 0.




NAME AND ADDRESS

JAMES C. RODDEY 301 GRANT STREET ONE OXFORD CENTRE, SUITE 3900 PITTSBURGH, PA 15219-6401

JAMES M. WALTON 301 GRANT STREET ONE OXFORD CENTRE, SUITE 3900 PITTSBURGH, PA 15219-6401

ARTHUR P. ZIEGLER, JR. 301 GRANT STREET ONE OXFORD CENTRE, SUITE 3900 PITTSBURGH, PA 15219-6401

77270J 827G 4/29/2010


TRUSTEE 3.00

TRUSTEE 3.00

TRUSTEE 3.00

GRAND TOTALS

1:59:39 PM V 09-5.2

-------

COMPENSATION

6,000.

4 I 500 •

6,000.

630~

25-1113452

ATTACHMENT 14 (CONT'D)

CONTRIBUTIONS EXPENSE ACCT TO EMPLOYEE BENEFIT PLANS

0.

0.

0.

88 000.

PAGE 29

AND OTHER ALLOWANCES

0.

0.

0.

0.

ATTACHMENT 14


990PF, PART VIII - COMPENSATION OF THE FIVE HIGHEST PAID EMPLOYEES

NAME AND ADDRESS

ALEXIS KONKOL 301 GRANT STREET, SUITE 3900 ONE OXFORD CENTRE PITTSBURGH, PA 15219

MATTHEW GROLL 301 GRANT STREET, SUITE 3900 ONE OXFORD CENTRE PITTSBURGH, PA 15219

POLLY MCQUEEN 301 GRANT STREET, SUITE 3900 ONE OXFORD CENTRE PITTSBURGH, PA 15219

TITLE AND AVERAGE HOURS PER WEEK

DEVOTED TO POSITION

EMPLOYEE 32.00

EMPLOYEE 12.00

EMPLOYEE 24.00

TOTAL COMPENSATION

77270J 827G 4/29/2010 1:59:39 PM V 09-5.2

COMPENSATION

56,800.

59,700.

67,650.

184,150.

25-1113452

ATTACHMENT 15

CONTRIBUTIONS EXPENSE ACCT TO EMPLOYEE AND OTHER

BENEFIT PLANS ALLOWANCES

13,200. 0.

13,538. 0.

15,525. 0.

42,263. 0.


SARAH SCAIFE FOUNDATION INCORPORATED . . 25-1113452

990PF, PART VIII- COMPENSATION OF THE FIVE HIGHEST PAID PROFESSIONALS

ATTACHMENT 16

NAME AND ADDRESS TYPE OF SERVICE

OXFORD DEVELOPMENT COMPANY/GRANT ST. FACILITY RENTAL ONE OXFORD CTR-PLAZA LEVEL, 301 GRANT ST PITTSBURGH, PA 15219

R. DANIEL MCMICHAEL CONSULTING 825 MOREWOOD AVE., STE. H-1 PITTSBURGH, PA 15213

DENNISE. BRADSHAW MGMT CONSULTING SVCS 803 WOLFE STREET ALEXANDRIA, VA 22314

TOTAL COMPENSATION

77270J 827G 4/29/2010 1:59:39 PM V 09-5.2

COMPENSATION

204,546.

245,631.

54,775.

504,952.


SARAH SCAIFE FOUNDATION Incorporated

One Oxford Centre 301 Grant Street, Suite 3900

Pittsburgh, Pennsylvania 15219-6401 412-392-2900

ANNUAL REPORT

ATTACHMENT 17

The Sarah Scaife Foundation's grant program is primarily directed toward public policy programs that address major domestic and international issues. There are no geographical restrictions. The Foundation does not make grants to individuals for any purpose or to nationally-organized fundraising groups. Proposals for the following are usually declined: event sponsorships, endowments, capital campaigns, renovations, or government agencies.

Initial inquiries to the Foundation should be in letter form signed by the organization's President, or authorized representative, and have the approval of the organization's Board of Directors. The letter should include a concise description of the specific program for which funds are requested, and a program budget and timetable. Accompanying information should include a copy of the latest audited financial statements and annual report; current budget; list of officers and directors and their major affiliations; and a copy of the current determination letter from the Internal Revenue Service evidencing tax-exempt status under Section 501(c) (3) of the IRS Code. Additional information may be requested, if needed, for further evaluation.

The Foundation meets in February, May, September, and November to consider grants. However, requests may be submitted at any time and will be acted upon as expeditiously as possible.

Requests should be addressed to:

Michael w. Gleba President Sarah Scaife Foundation One Oxford Centre 301 Grant Street, Suite 3900 Pittsburgh, PA 15219-6401

ATTACHMENT 17

SARAH SCAIFE FOUNDATION INCORPORATED FORM 990-PF EIN: 25-1113452 YEAR ENDED: DECEMBER 31, 2009

Federal Footnotes

Grants Paid & Approved:

ATTACHMENT 18

All of the grantees shown on the attached statement of grants are exempt under the Internal Revenue Code (IRC) Section 50l(c) (3), and have the status of public charities within the meaning of IRC Section 509(A) (1) or (2).

ATTACHMENT 18

ATTACHMENT 19

SARAH SCAIFE FOUNDATION, INC.

SCHEDULE OF GRANTS AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2009

Payable, 1/1/09 - 12/31/Q9 Payable, 12/31/08 Approved ~ 12/31/Q9

Acton Institute for the Study of Religion and Liberty,

Grand Rapids, Michigan Project support $ $ 40,000 $ 40,000 $

Allegheny Institute for Public Polley, Pittsburgh, Pennsylvania General operating support 125,000 115,000 240,000

American Bar Association Fund for Justice and Education,

Chicago, Illinois Standing Committee on Law and National Security 130,000 115,000 130,000 115,000

American Civil Rights Institute, Sacramento, California General operating support 150,000 50,000 100,000

American Enterprise Institute for Public Polley Research,

Washington, O.C. Program support 175,000 175,000 Project support 250,000 300,000 350,000 200,000 Shadow Financial Regulatory Committee 25,000 25,000

American Foreign Polley Council, Washington, O.C.

General operating support 125,000 125,000

America's Future Foundation, Washington, D.C.


America's Survival, Inc., Owings, Maryland

Program support 150,000 150,000

Atlantic Legal Foundation, New York, New York General operating support 75,000 75,000

Atlas Economic Research Foundation, Arlington, Virginia General operating and program support 100,000 150,000 150,000 100,000

ATTACHMENT 19

ATTACHMENT 19


SCHEDULE OF GRANTS AS OF ANO FOR THE YEAR ENDED DECEMBER 31, 2009

Payable, 1/1/0i - 1~~1/0!l Payable, 12/31/08 Approved Paid 12/31/09

Boston University, Boston, Massachusetts Institute for the Study of Conflict, Ideology and Polley $ 44,500 $ - $ 44,500 $

Capital Research Center, Washington, O.C.


Carnegie Mellon University, Pittsburgh, Pennsylvania Gallllot Center for Public Polley 75,000 125,000 125,000 75,000 Project support 75,000 75,000

Cato Institute, Washington, D.C.

Domestic Polley Studies Program 40,000 40,000

Center tor Equal Opportunity, Ster1ing, Virginia General operating support 50,000 50,000

Center for Immigration Studies, Inc., Washington, D.C.


Center for Individual Rights, Washington, D.C.

General operating support 110,000 55,000 55,000

Center for Media and Public Affairs, Washington, O.C. General operating support 75,000 75,000

Center for Security Polley, Inc., Washington, O.C.


Center for Strategic and International Studies, Inc.,

Washington, O.C. Senior Advisor Post and project support 250,000 325,000 350,000 225,000

Center for the Study of the Presidency, Washington, O.C. Program support 75,000 135,000 140,000 70,000

ATIACHMENT 19

ATTACHEMNT 19



Payable, 1111Q9 -1~a1,oa Payable, 12/31/08 Approved Paid 12/31/Q9

Claremont Institute for the Study of Statesmanship and Political Philosophy,

Claremont, California General operating, program and Washington Fellow support $ 300,000 $ 325,000 $ 375,000 $ 250,000

Coneglate Networ1<, Inc., Wilmington, Delaware

General operating and program support 240,000 240,000

Commentary, Inc., New York, New York Publication support 40,000 40,000

Committee for a Constructive Tomorrow, Washington, D.C. General operating support 160,000 60,000 100,000

The Commonwealth Foundation for Public Polley Alternatives,

Harrisburg, Pennsylvania General operating support 130,000 130,000

Competitive Enterprise Institute, Washington, D.C.

General operating support 75,000 150,000 125,000 100,000 Project support 150,000 150,000

David Horowitz Freedom Center, Shennan Oaks, Callfornla General operating support 200,000 250,000 300,000 150,000

The Defense Forum Foundation, Inc., Falls Church, Virginia

Program support 50,000 50,000

Environmental Literacy Council, Washington, D.C. General operating support 37,500 37,500

Ethics and Public Policy Center, Inc., Washington, DC. General operating and program support 100,000 125,000 150,000 75,000

ATIACHMENT 19

ATTACHMENT 19



Payable, 1t11Qi - 1i1;rnoi Payable, 12131/08 Approved em 12131/09

The Federalist Society for Law & Public PoUcy Studies,

Washington, O.C. General operating and project support $ 200,000 $ - $ 200,000 $ General operating support 300,000 100,000 200,000

Federation for American Immigration Reform,

Washington, O.C. General operating and project support 250,000 100,000 150,000

The Foundation Endowment, Alexandria, Virginia General operating support 37,500 37,500

Foundation for California University of Pennsylvania, California, Pennsylvania Government Agency Coordination Office 100,000 100,000

Foundation for Cultural Review, Inc., New York, New York General operating support 200,000 200,000 Project support 15,000 15,000

Foundation for Individual Rights In Education, Inc., Phlladelphla, Pennsylvania General operating support 62,500 100,000 112,500 50,000

Foundation for Research on Economics and the Environment, Bozeman, Montana General operating support 30,000 30,000

Foundation for the Defense of Democracies, Inc.,

Washington, D.C. Project support 150,000 150,000

FreedomWorks Foundation, Washington, O.C. General operating and project support 70,000 125,000 132,500 62,500

ATTACHMENT 19

ATTACHMENT 19



Payable, ll1/Qi • 1Zl~l/Qi Payable, 12/31/08 Approved ~ 12/31/09

Galen Institute, Inc., Alexandria, Virginia

General operating support $ $ 35,000 $ 35,000 $

George C. Marshall Institute, Washington, D.C.


George Mason University Foundation, Inc.,

Fairfax, Virginia Center for Study of Public Choice 100,000 50,000 50,000 Law and Economics Center 150,000 150,000

Heritage Foundation, Washington, D.C. General operating support 600,000 600,000 600,000 600,000

High Frontier, Alexandria, Virginia Program support 60,000 100,000 110,000 50,000

Hudson Institute, Inc., Washington, D.C Center tor Religious Freedom 70,000 70,000 Project for Clvll Justice Reform and International Religious Liberty 100,000 100,000

Project support 40,000 40,000

The Human Rights Foundation, New York, New York

General operating support 50,000 75,000 90,000 35,000

Institute for Foreign Policy Analysis, Inc., Cambridge Massachusetts Economic security program 160,000 160,000 General operating and project support 550,000 550,000

Institute for Health Freedom, Washington, D.C. General operating support 150,000 75,000 75,000

Institute for Humane Studies, Artington, Virginia General operating support 35,000 35,000

ATIACHMENT 19


SCHEDULE OF GRANTS

ATTACHMENT 19

AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2009

Payable, ll1/Q~ • 12/Jl/Qfi! Payable, 12/31/08 Approved ffilg 12/31/09

Institute for International Studies, Washington, D.C. Project support $ $ 45,000 $ 45,000 $

Institute for Justice, Washington, D.C.


Institute for Research on the Economics of Taxation, Washington, D.C.

General operating and program support 100,000 50,000 50,000

The Institute on Religion and Public Life, Inc.,

New York, New York General operating and publication support 60,000 60,000

Intercollegiate Studies Institute. Inc., Wilmington, Delaware General operating support 250,000 300,000 350,000 200,000

International Policy Network US, Inc., Washington, D.C.


Jamestown Foundation, Washington, D.C. General operating support 70,000 125,000 132,500 62,500

Johns Hopkins University, Washington, O.C The Paul H. Nltze School of Advanced International Studies 120,000 120,000

Judicial Watch, Inc , Washington, D.C. General operating support 175,000 50,000 125,000

Landmark Legal Foundation, Kansas City, Missouri


Ligonier Valley School District, Ligonier, Pennsylvania Christmas Gift Program 7,500 7,500

ATIACHMENT 19


SCHEDULE OF GRANTS

ATTACHMENT 19


Payable, 1/llQi - 1~31/09 Payable, 12/31/08 Approved ~ 12/31/09

The Maldon Institute, Baltimore, Maryland General operating support $ 250,000 $ 200,000 $ 450,000 $

Manhattan Institute for Polley Research, Inc.,

New York, New York General operating and publication support 150,000 150,000

Media Research Center, Alexandria, Virginia General operating support 200,000 250,000 250,000 200,000

Mercatus Center, Inc., Fairfax, Virginia General operating support 50,000 50,000

Missouri State University Foundation, Springfield, Missouri

Department of Defense and Strategic Studies 140,000 140,000

National Association of Scholars, Inc , Princeton, New Jersey General operating support 200,000 200,000

National Center for Polley Analysis, Dallas, Texas General operating support 62,500 100,000 112,500 50,000

National Center for Public Policy Research, Inc.,

Washington, D.C. Program support 35,000 35,000

National Institute for Public Policy, F alrfax, Virginia Program support 240,000 240,000

National Legal and Policy Center, Falls Church, Virginia General operating support 100,000 100,000

National Taxpayers Union Foundation, Alexandria, Virginia General operating support 50,000 50,000

ATIACHMENT 19


SCHEDULE OF GRANTS

ATTACHMENT 19


Payable, j/1/Qi - 1~31/Q9 Payable, 12131/QS Approyed f!!2 12/31/09

New England Legal Foundation, Boston, Massachusetts General operating support $ $ 30,000 $ 30,000 $

NumbersUSA Education and Research Foundation,

Arlington, Virginia Project support 37,500 37,500

Pacific Legal Foundation, Sacramento, CA General operating support 125,000 50,000 75,000

Pacific Research Institute for Publlc Policy,

San Francisco, California General operating support 125,000 150,000 175,000 100,000

Philadelphia Society, Jerome, Michigan


Pittsburgh History and Landmarks Foundation,

Pittsburgh, PennsylVanla Community redevelopment 250,000 250,000 Landmarks Community Capital Corporation 250,000 250,000

Princeton University, Princeton, New Jersey James Madison Program In American Ideals and Institutions 75,000 75,000

Reason Foundation, Los Angeles, California General operating support 100,000 100,000

Saint Vincent College, Latrobe, Pennsylvania Center for Political and Economic Thought 30,000 30,000

Social Philosophy and Policy Foundation, Bowling Green, Ohio Social Philosophy and Policy Center 470,000 470,000

ATTACHMENT 19


SCHEDULE OF GRANTS

ATTACHMENT 19


Southeastern Legal Foundation, Inc., AUanta, Georgia General operating support

Stanford University, Hoover Institution on War, Revolution and Peace,

Stanford, California Research programs and Hoover Fellows support

StudentNewsDaily.com, Inc., Edmond, Oklahoma General operating support

Tax Foundation, Washington, D.C. General operating support

Tufts University, Medford, Massachusetts The Fletcher School of Law and Diplomacy

The University of Chicago, Chicago, Illinois Law and Economics Program

University of Kentucky, Lexington, Kentucky The New University of Kentucky Albert B. Chandler Hospital Auditorium

University of Virginia Law School Foundation,

Charlottesville, Virginia Center for National Security Law

World Affairs Council of Pittsburgh, Pittsburgh, Pennsylvania Teacher-Student Educational Projects

Total

Payable, 1/1/09 - 12/31/09 12/31/08 Approved ~

Payable, 12/31/09

$ 37,500 $ 50,000 $ 87,500 $

250,000 300,000 250,000 300,000

10,000 10,000

75,000 75,000

200,000 280,000 300,000 180,000

75,000 100,000 125,000 50,000

4,500,000 500,000 4,000,000

325,000 325,000

10.000 __ ...,1'""0.,,..ogoo~ ____ _

$ 9,182,000 $ 13,447,500 $ 14,099,500 ! 8,530,000

ATTACHMENT 19

SARAH SCAIFE FOUNDATION INCORPORATED FORM 990-PF EIN: 25-1113452 YEAR ENDED: DECEMBER 31, 2009

Federal Footnotes

Allocation of Expenses in Part I:

ATTACHMENT 20

Compensation of officers, trustees, and other employees, as well as the related employee benefits are allocated based on time spent in carrying out the Foundation's exempt purpose versus time spent in the production of income. Professional fees are allocated based on the nature of services performed for the Foundation. All other expenses are pro-rated based on the salary expense and the Foundation's estimates, with the exception of investment expenses, which are directly related to producing income.

ATTACHMENT 20

ATTACHMENT 21


SCHEDULE OF GAINS (LOSSES) FOR TAX OH \NVESlMENT INCOME FOR THE YEAR ENDED DECEMBER 31, 2009

(a) (b) (c) (d) (e) (f) (h) (i) (Q (k) (I) (m) l.O$S8$ tram

How Cost or FasrMalbt column (j) Acquired Gross OlherBascs Value as of andgams

Kind of P-Purchase Date Date Sold/ Sales and ElCJ)el\$6 Gain (loss) December Adjusted Excess of (j) (--.s(i) ~ Oesgjptlon D-Oonated ~ ~ Price of Sale (f) tess (g) ~ Cost Basis mrJkl QYef cm

Sec:unty Freeport-McMoRan Copper &Gold, Inc:. p 11/21/08 02/20/09 $ 281,493 $ 192,226 $ 89$1 NIA NIA NIA $ 89,267

Security Freeport~ Copper p 11/21/08 02/20,'09 142.305 96,313 45,992 NIA NIA NIA 45.992 & Gold, Inc.

Security Freeport-McMoRan Copper p 11/21/08 02/20/09 824,696 558,614 266,082 NIA NIA NIA 266,082 & Gold, Inc:.

Seointy Freeport-McMoRan Copper p 11/21l08 02/20/09 560,458 385,251 175,207 N.IA N.IA NIA 175,207 & Gold. Inc.

Secunty General Electric: Co. p 06/17l08 02/20/09 47,153 145,738 (98,585) N.IA N.IA N.IA (98,585)

SeQ.inty General Electnc Co. p 06/17/08 02/20/09 75,282 233,502 (158,220) N.IA NIA NIA (158,220)

Secunty General Eleanc Co. p 06/17/08 02/20/09 46,407 145,939 (99,532) NIA N,IA NIA (99,532)

Secunty General 6ednc Co. p 09/20/02 02/2Q.I09 140,550 393,316 (252,766) NIA N,IA NIA (252,766) 06/17/08

Secunty Medtronic, Inc p 09/19/0a 02/20/09 188,284 295,489 (107,205) NIA NIA NIA (107,205)

Secunty Medtron1e, Inc:. p 09/19108 0212009 281,586 438.290 (156,704) NIA NIA N.IA (156,704)

Security Medtronic, Inc:. p 09/19/08 02/20r09 339,369 528,060 (188,691) NIA NIA NIA (188,691)

Secunty Medtronic, Inc:. p 09/19/08 02/20t'09 122,413 190, 102 (67,689) NIA NIA NIA (67,689)

Secunty Medtronic:, Inc:. p 09/19/08 02/20/09 216,820 337.959 (121, 139) NIA NIA NIA (121, 139)

Secunty Chanes Schwab Corp p 02/27/07 02/20/09 227,279 335,707 (108,428) NIA NIA NIA (108,428)

Secunty Chal1es Schwab Corp. p 02127/07 02120/09 318,385 467,259 (148,874) NIA NIA NIA (148,874)

Security Charles Schwab Corp. p 02127/07 02/20I09 318,853 467,260 (148,407) NIA NIA NIA (148,407)

Secunty Charles Schwab Corp p 02/'Zl/07 02/20/09 508,072 747,615 (239,543) NIA NIA NIA (239,543)

Secunty Charles Schwab Co,p p 02127/07 02/20/09 628,095 932,419 (304,324) NIA NIA NIA (304,324)

Security Chal1es Schwab Corp p 02/27/07 02/20I09 49,596 156,998 (107,402) NIA NIA NIA (107,402)

ATTACHMENT 21

ATTACHMENT 21.-


SCHEDULE OF GAINS (lOSSES) FOR TAX ON INVESTMENT INCOME FOR THE YEAR ENDED DECEMBER 31, 2009

(a) (b) (c) (d) (e) (t) (g) (h) (i) (j) (k) (I) Losses from

How Cost or Fair Malilet column (j) Acquired OtherBasls Value asof andgam

Kind of P-Purdla3e Date Date/Sold Gross and Ellpe,ISe Gain {los$) December Adjusf.ed Expense of (j) ( excess (i) f!2Q!mX Oescnpbon O-Oonatecl ~ Matured SalesPnoe of Sale m 1ess Cb> ~ CostBaSIS 01lef{lt) OW( ffi)

Secunty US Bancorp p 11/16/07 02/20/09 $ 99,373 $ 314,397 $ (215,024) NIA NIA NIA $ (215,024)

Secunty us Bancorp p 11/16/07 02/20/09 150,515 471,595 (321,080) NIA NIA NIA (321,080)

Sec:unty us Bancorp p 11/16/07 02/20/09 49,900 157,198 (107,298) NIA NIA NIA (107,298)

Sec:unty us Bancorp p 11/16/07 02/20/09 398,236 1,255,906 (857,670) NIA NIA NIA (857,670)

Security WeDs Fargo & ~ p 02/23/05 02/20/09 52,395 148,411 (96,016) NIA NIA NIA (96,016)

Secunty Wells Fargo & Company p 05I06/02 02/20/09 405,259 1.266.293 (861,034) NIA NIA NIA (861,034) 02/23/05

Secunty Federal Home Loan p 02/18/09 03116/09 10,700 10,996 (296) NIA NIA NIA (296) Mortgage Corp.

Sec:unty Federal Home Loan p 02/18/09 03/16/09 15,421 15,934 (513) NIA NIA NIA (513) Mortgage Corp.

Sec:unty Federal Home Loan p 02/18109 04/15/09 13,561 13,936 (375) NIA NIA NIA (375) Mortgage Coq).

Security Federal Home Loan p 02/18/09 04/15/09 14,168 14,640 (472) NIA NIA NIA (4n) Moftgage Coq).

Security Federal Home Loan Banks p 04/20/99 04/27/09 1,700,000 1,703,944 (3,944) NIA NIA NIA (3,944)

Secunty Federal Home Loan p 02/18109 05/15/09 12,307 Mortgage Corp.

12,647 (340) NIA NIA NIA (340)

Sec:urity Federal Home Loan p 02/18/09 05,115/09 14,947 Moctgage Corp.

15,445 (498) NIA NIA NIA (498)

Secunty US Treasury Note p 05/17199 05/15/09 1,250,000 1,360,791 (110,791) NIA NIA NIA (110,791)

Sec:unty GMNC p 04/30/09 05/18/09 593 593 NIA NIA NIA

Secunty Celgene Colp. p 11121/08 05/22/09 1,085,599 1,284,914 (199,315) NIA NIA NIA (199,315)

AITACHMENT 21

ATTACHMENT 21.·


SCHEDULE OF GAINS (LOSSES) FOR TAX ON INVESTMENT INCOME FOR THE YEAR ENDED DECEMBER 31. 2009

(a) (b) (c) (d) (e) (f) (g} (h) (i) (j) (k) (I) Losses from

How Cost or fall'Ma111et column (j} Acquired Other Basis Value as of and gains

Kmd of P~urdlase Date Date/Sold Gross and Elq)ense Gain (loss) December Adjusted ElCpense of (j} (excess (ij ~ Qescootlon O-Oongs! ~ Matured ~al!! Price 21~!! tfl lesli (hl ~ ~Basis ~ ~ml Secunty Comcast Corp. p 09/19108 05/22/09 1,242.962 1,806,308 (563,346) NIA NIA NIA (563,346)

Security Diebold, Inc. p 02/23105 05/22/09 375,735 792,490 (416,755) NIA NIA NIA (416,755)

Securty Diebold, Inc. p 02/23105 05122/09 135,752 283,219 (147,467) NIA NIA NIA (147,467) 06/07/05

Secunty Harns Corp p 11/21/08 05122J09 1,410,103 1,440,372 (30,269) NIA NIA NIA (30,269) 11/24108

Secunty Novartis, AG p 09/22/06 05122/09 864,769 1,257,267 (392,498) NIA NIA (392,498}

Secunty Hams Stratex Networks p 05/29/09 06/05/09 2 2 NIA NIA NIA

Security Federal Home Loan p 02/1&'09 06/15I09 10,999 11,303 (304) NIA NIA NIA (304) Mortgage Corp.

Security Federal Home Loan p 02118/09 06/15/09 15,673 Mostsage Corp.

16, 195 (522) NIA NIA NIA (522)

Secunty GMNA p 04l30I09 06/15/09 582 582 NIA NIA NIA

Security Federal Home Loan p 02/18/09 07/15I09 11,831 Mortgage Corp.

12,158 (327) NIA NIA NIA (327)

Secunty Federal Home Loan p 02/18/09 07/15/09 16,495 Mortgage Corp.

17,044 (549) NIA NIA NIA (549)

Secunty GMNA p 04/30/09 07/15I09 585 585 0 NIA NIA NIA 0

Secunty Federal Home Loan p 02/18/09 08/17/09 10,956 Mortgage ColJ).

11,259 (303) NIA NIA NIA (303)

Secunty Federal Home loan p 02/18/09 08/17/09 12,487 12,903 (416) NIA NIA NIA (416) Mortgage Corp.

Security GMNA p 04l30I09 08/17/09 588 588 0 NIA NIA NIA 0

Secunty US Treasury Na(es p 10/14/03 08/17/09 2,500,000 2,835,547 (335,547) NIA NIA NIA (335.547)

Security Federal Home Loan p 02118/09 09/15/09 9,644 9,911 (267) NIA NIA NIA (267) Mortgage Corp.

ATIACHMENT 21

ATTACHMENT 21 •


SCHEDULE OF GAINS (LOSSES) FOR TAX ON INVESTMENT INCOME FOR THE YEAR ENDED DECEMBER 31, 2009

(a) (b) (c) (d) (e) (f) (g) (h) (i) 0) (k) {I) losses from

How Cost or Fair Martel column (j) Ac.quired OtherBasas Value as of and Q8l1S

Kind of P-Putdlase Cale Date/Sold Gross and Expense Gain (loss) Oec:ernber Ad Justed Expense of (j) (~(Q ~ Oesgjpbon 0-Qonated ~ MaNred sates Pnce of Sale (Qless (bl ~ Cost Bases ~ over ml Secunty Federal Home Loan p 02/18/09 09/15/09 10,133

Mortgage Corp. 10,470 (337) NIA NIA NIA (337)

Secunty GMNA p 04/30/09 09/15/09 592 592 NIA NIA NIA

Secunty Freddie Mac p 04125/02 09/15/09 1,000,000 1,073,527 {73,527) NIA NIA NIA (73,527)

Security Accenture L TO p 0212.1/01 09/18/09 2,478,864 2,552,990 (74,126) NIA NIA NIA {74, 126)

Secunty Becton Dldunson & Co. p 09/25/07 09/18/09 917,536 1,070,537 (153,001) NIA NIA NIA (153,001)

Secunty 8lackroc:k. Inc. p 02/20l09 09/18/09 830,119 411,306 418,813 NIA NIA NIA 418,813

Sec:unty Hams Stratex Networks p 11/21/08 09/18/09 19,010 13,475 5,535 NIA NIA NIA 5,535

Secunty Prodo( & Gamble Co. p 09/10/02 09/18/09 959,070 n0,427 188,643 NIA NIA NIA 188,643

Secunty Stryker Corp p 12/22103 09/18/09 1,461,429 1.318,316 143,113 NIA NIA NIA 143,113 09/22/06

Secunty Hanis Stratex Networks p 11/21/08 09/21/09 66,597 48,786 17,811 NIA NIA NIA 17,811

Security Federal Horne Loan p 02118/09 10/15/09 10,442 10,730 (288) NIA NIA NIA (288) Mcxtgage Colp.

Secunty Federal Home Loan p 02/18/09 10/15/09 11,311 11,688 (377) NIA NIA NIA (377) Mortgage Corp.

Security GMNA p 04l30I09 10/15109 596 596 NIA NIA NIA

Sea.Inly US Treasury Notes p 12/12/09 11/15/09 4,000,000 4,013,438 (13,438) NIA NIA NIA (13,438)

Secunty Federal Home Loan p 02/18/09 11116/09 9,139 9,391 (252) NIA NIA NIA (252) Mortijage Corp.

Socunty Federal Home Loan p 02/18/09 11/16/09 11,012 11,378 (366) NIA NIA NIA {366) Mortgage Corp.

Secunty GMNA p 04l30(09 11/16'09 599 599 NIA NIA NIA

ATIACHMENT 21

ATTACHMENT 21 •


SCHEDULE OF GAINS (LOSSES) FOR TAX ON INVESTMENT INCOME • FOR lljE YEAR ENDED DECEMBER 31. 2009

(a) (b) (c) (d) (e) (f) (g) (h) (i) (J) (k) (I) Losses from

How Costor Fa1rManlet Ql\mnO) Acquired OCtler Basis Value as of and gains

Kind of P-Purctiase Date Dale/Sold Gl'OS$ and E,ipense Ga111 (loss) December Adjusted ~ol(j) (excess (i) ~ Descripbon Q:Ponated ~ Matured Sales Price ot Sale (fl less {h) 31 2009 Cost Basis 2m.OO over IOI

securtty Carefuslon Colp. p 09/19/08 11/2Q.I09 451,800 684,462 (232,662) NIA NIA NIA (232.662)

Secunty Diebold, Inc. p 06/07/05 11120/09 1.612,223 2,834,899 (1 ,222,676) NIA NIA NIA (1,222,676) 02/17/09

Security iShales Russel 2000 p 03/10/03 11/20/09 1,836,434 1,090,189 746,245 NIA NIA NIA 746,245 Index Fund

Secunty Northern Trust Co,p. p 02/20/09 11120/09 1,219,713 1,409,236 (189,523) NIA NIA NIA (189,523)

Secunty Omnicon Group, Inc. p 09/22/03 11120/09 1,825,142 2,018,090 (192,948) NIA NIA NIA (192,948)

Security Wells Fargo & Company p 05/06/02 11/20/09 2,085,726 1,944,726 141,000 NIA NIA NIA 141,000

Securty Federal Home Loan p 02/18/09 12/1~ 8,776 9,018 (242) NIA NIA NIA (242) Mortgage Corp.

Securty Federal Home Loan p 02J18I09 12/15/09 9,941 10,2n (331) NIA NIA NIA (331) Mortgage Corp

Secunty GMNA p 04l30I09 12115/09 610 610 NIA NIA NIA

Security AOl. Inc p 11/20I09 12/22109 II § NIA NIA NIA

$ ;}!1,046 o~ $ 44.!m.1.8Ei $ !HIIZ.131) S !6 88ZJ31)

ATIACHMENT 21

• Sarah Scaife Foundation Incorporated

Schedule of Investments December31,2008

Investments

Savings and Temporary Cash Investments Money Market Cash Equivalents Investment Fund Money Market Venture Capital Money Market Bond Funds Money Market U.S. Treasury Fund Money market

Total Savings and Temporary Cash Investments:

U.S. Obllgatlons • Government Securities GMNC Federal Home Loan Mortgage Corp. Freddie Mac Treasury Inflation Securities U.S. Treasury Notes

Total U.S. Obllgatlons • Government Securities

Common Stocks Abbott Labs Air Products & Chemicals, Inc. Altria Group, Inc. Analog Devices, Inc. AOL, Inc. AT&T, Inc. Automatic Data Processing, Inc. Baxter International, Inc. Becton Dickinson & Co. Berkshire Hathaway, Inc Blackrock, Inc. Canadian Pacific Railway ltd. Cardinal Health, Inc. Chevron Corporation CSX Corp. Diamond Offshore Drilling, Inc. Ecolab Inc. Entergy Corp. Exxon Mobil Corp. FactSet Research Systems, Inc Fastenal Co. FPL Group, Inc. The Gap, Inc. General Electric Co Grace Inc Hewlett Packard Co Intel Corp International Business Machines Corp. Invesco ltd JP Morgan Chase & Co. Johnson & Johnson Kellogg Co Lockheed Martin Corp McDonald's Corp

Shares/or Par Value

1,892,375 2,609,477

197,044 1,139,841 2,018,561

495,255 935,694

4,000,000 6,500,000

17,600,000

61,000 21,500

307,000 68,500 6,636

176,000 83,600 32,000 48,850

900 10,050 30,750 36,000 30,200 38,500 21,800 66,500 20,000

225,000 38,500 45,000 62,500

104,000 251,000

58,000 49,000

100,000 64,600

129,000 103,500 86,000 67,000 25,000 85,000

1,892,375 2,609,477

197,045 1,139,841 2,018,561 7,857,299

495,255 963,963

4,308,665 6,871,349

18,190,313 30,829,545

2,917,587 1,761,906 2,315,173 1,879,256

153,050 4,803,021 3,589,143 1,882,733 2,976,634 2,028,491

999,426 1,772,258 1,725,012 1,382,650 1,864,185 2,474,041 2,170,023 2,348,382 1,881,660 2,483,149 1,462,725

948,500 1,697,363 1,593,773 2,030,635 1,676,011 1,519,650 1,698,713 1,402,707 4,523,539 5,182,346 3,009,243

883,025 4,229,766

ATTACHMENT 22

Market Value

1,892,375 2,609,477

197,045 1,139,841 2,018,561 7,857,299

495,874 978,650

4,304,060 8,203,501

18,550,257 32,532,342

3,293,390 1,742,790 6,026,410 2, 163,230

154,486 4,933,280 3,579,752 1,877,760 3,852,311 2,957,400 2,333,610 1,660,500 1, 160,640 2,325,098 1,866,865 2, 145,556 2,964,570 1,636,800

15,342,750 2,535,995 1,873,800 3,301,250 2, 178,800 3,797,630 1,657,060 2,523,990 2,040,000 8,456, 140 3,030,210 4,312,845 5,539,260 3,564,400 1,883,750 5,307,400

ATTACHMENT 22

•

Microchip Technology, Inc. Microsoft Corp. Nike, Inc. Novartis AG Pepsico, Inc. Pfizer, Inc. Philip Morris International Inc. Praxair, Inc. Proctor & Gamble Co. Qualcomm, Inc. Schlumberger Ltd. Snap On, Inc. 3M Co Timer Warner, Inc. US. Bancorp United Parcel Service, Inc. United Technologies Corp. VF Corp. Wal-Mart Stores, Inc. Wisconsin Energy Corp Xi1nx, Inc ..

Corporate Bonds JP Morgan Chase & Co Coca Cola Co. National Rural Utilities

Sarah Scaife Foundation Incorporated Schedule of Investments

December 31, 2008

Total Common Stock:

121,000 74,000 54,000 47,500 51,700 98,000

307,000 29,000 70,200 56,000 26,000 50,500 21,500 73,000 81,000 43,700 57,200 44,000 54,800 54,500 90,000

South Carolina Electric & Gas Co Wal-Mart Stores, Inc.

250,000 325,000

1,050,000 1,000,000

250,000

Other Investments

Venture Funds Venture Funds

Mutual Fund !Shares Russell 2000 Index Fund !Shares S&P Pfd Sk Index Fund

Bond Fund Vanguard GNMA Fund

Total Corporate Bonds:

Total Venture Funds:

Total Mutual Funds:

Total Bond Fund

Total Other Investments

Total of all Investments

80,500 62,500

781,929

3,789,316 1,884,432 2, 115,480 2,637,312 2,904,298 1,494,353 5,275,558 1,392,849 3, 187,200 2,552,855 2,417,104 1,859,936 1,653,780 2,179,891 1,880,269 2,557,309

778,885 3,373,942 3,062,327 2,458,938 1,509,873

126,231,683

250,877 322,000

1,004,357 1,026, 180

241, 160 2,844,574

2,866,515 2,866,515

2,786,040 1,005,713 3,791,753

8, 195,961 8,195,961

14,854,229

182,617,330

ATTACHMENT 22

3,515,050 2,255,520 3,567,780 2,585,425 3, 143,360 1,782,620

14,794,330 2,328,990 4,256,226 2,590,560 1,692,340 2,134,130 1,777,405 2, 127,220 1,823,310 2,507,069 3,970,252 3,222,560 2,929,060 2,715,735 2,255,400

181,994,070

268,747 338,543

1,051,386 1,051, 140

246,808 2,956,624

2,965,596 2,965,596

5,026,420 2,293,750 7,320,170

8,319,725 8,319,725

18,605,491

243,945,826

ATTACHMENT 22

Sarah Scaife Foundation 251113452 2009 05E8D03CSearchable

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