990-pf return ofprivate foundation form`

f~

Return of Private Foundation OMB No 1545-0052Form`990-PF

or Section 4947(a)(1) Nonexempt Charitable Trust 2005Department of the Treasury Treated as a Private FoundationInternal Revenue Service

Note : The organization may be able to use a copy of this return to satisfy state reporting requirements.[.. .. 1.....1.. . nnnc . L .. -rTTT 1 1) A A C ..d ..n.1: TTTT.T '] A ') A A C

CC

cc

9A

G Check all t

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

hat a DDIV` El initial return 0 Final return El Amended return Address chan g e 0 Name chan e

Use the IRS Name of organization A Employer identification number

label.Otherwise , IPP FOUNDATION 94-3362724

print Number and street (or P o box number if mall is not delivered to street address)

1

Room/suite B Telephone numberortype. 345 SPEAR STREET 510 ( 415 ) 399-1556

See SpecificInstructions City or town, state, and ZIP code C If exemption application is pending , check here

.AN FRANCISCO CA 94105-1657 D 1. Foreign organizations, check here ...

H Check type of organization: ®Section 501(c)(3) exempt private foundationreign meeb

2' check here aaniznd attach comp

theation

..test, ►

Section 4947(a)(1) nonexempt charitable trust 0 Other taxable private foundationE If rivate foundation status was terminated

I Fair market value of all assets at end of year J Accounting method: 0 Cash ® Accrualp

under section 507(b)(1)(A), check here

(from Part /l, col. (c), line 16) ' LI Other (specify) F If the foundation is in a 60-month terminationNo- $ 13 16 2 7 31 . (Part 1, column (d) must be on cash basis.) under section 507 ( b )( 1 B), check here

Part1 Analysis of Revenue and Expenses (a) Revenue and (b) Net investment (c) Adjusted net (d) Disbursements(The total of amounts in columns (b), (c), and (d) may not

necessarily equal the amounts In column (a)) expenses per books income income for charitable purposes(cash basis only)

1 Contributions, gifts, grants, etc., received •.•. •. .17 , 462 , 006 `°2 Check-[] If the foundation is not required to attach Sell B

3 Ines, investmentss and temporary

..... .. ....... .... 85 , 438 . 85 , 438. 85 , 438 . TATEMENT - 2-4 Dividends and interest from securities .............

5a Gross rents

b Net rental income or (loss) " ' -

a) 6a Net gain or (loss) from sale of assets not on line 10 ,•• - <72. > STATEMENT 1Gross sales price for all

b assets on line Be 1,623.

4> 7 Capital gain net income (from Part IV, line 2) 0. -

or 8 Net short-term capital gain 0.

9 Income modifications .. ..................... .Gros sales less returns

1Da andsallowances -

b Less Cost of goods sold • '

c Gross profit or (loss)

11 Other income 621 054 . 55 , 624 . 621 054 . STATEMENT 312 Total. Add lines 1 through 11 18 16 8 426. 141 , 062. 706 492.13 Compensation of officers, directors, trustees, etc. 580 059 . 0 . 0 . 580 059 .

14 Other employee salaries and wages.,- .....•..... 5 , 102 , 053. 0. 0. 5 10 2 053 .15 Pension plans, employee benefits 583 982. 0. 0. 58 3 982 .

J 16a Legal fees .......... ..... •••. STMT ...4. • 95 608. 0 . 0 . 95 608 .,C

bAccountingfees STMT 5 145 844. 0. 0. 145 844.W c Other professional fees .•• •• •• STMT 6. 1 050 329. 0. 0. 1 0 5 0 329 .

° > 17 Interest -- -- --- ----- -- ---- -- - -- - - ----- 6 4 763 . 6 4 763 .18 Taxes,--- STMT---7 446 305. 0 . IV 0. 446 305.19 Depreciation and depletion •• •• ........ ..... 101 855.

E 20 Occupancy 452 123. 65. 452 123.< 21 Travel, conferences, and meetings 2 247 495. 1 8 2007 b. 2 247 495 .C 22 Printing and publications --- 7 6 7 643 4 3 7 6 7 6.

23 Qther expenses STMT • 8 613 417. 0 . 4 613 419 .24 Total operating and administrative

.

. expenses . Add lines 13 through 23 9 21 5 0 9 . 0 . 0 . 15 819 6 5 6 .25 Contributions, gifts, grants paid 002 7 91. 3 9 6 5 005 .26 Total expenses and disbursements.

Add lines 24 and 25 19 , 924 , 300. 0. 0. 19 784 661.27 Subtract line 26 from line 12:

a Excess of revenue over expenses and disbursements <1 755 8 7 4b Net investment income (if negative, enter -0-) 141 0 6 2.c Adjusted net income cf negative, enter -0-) - - - - 706 , 492. 1

LHA For Privacy Act and Paperwork Reduction Act Notice, see the instructions . Form 990-PF (2005)523501o1-os-oe

117500512 758661 47000 2005.09001 KIPP FOUNDATION 470002

a

Form 990-PF(2005) KTPP FOTTTTflATTOV QA- 119171A Pane9

Balance Sheets Aaehedschedules and am oHis In the descriptionP t ' II

Beginning of year End of year; af -- column should be forend -ofyearamounts ony (a) Book Value (b) Book Value (c) Fair Market Value

1 Cash - non-interest-bearing , „ ,• • •... .. .,•....,.. • ........ ...... ••• 478. 1 , 135. 1 , 135.2 Savings and temporary cash investments .,,,,, ,- 2 , 623 , 558. 7 , 170 , 305. 7 170 , 305.3 Accounts receivable ► 1 593 , 891 . ':;_

.,,.^

Less : allowance for doubtful accounts ► 853 , 051. 1 , 593 , 891. 1 593,891.4 Pledges receivable ► 2 , 297 662 .

Less : allowance for doubtful accounts ► 7 , 821 , 659. 2 , 297 , 662. 2 , 297 , 662.5 Grants receivable . . . .. .. . . . . . .... ... ...6 Receivables due from officers , directors , trustees, and other

disqualified persons ,

7 Other notesand loans receivable ► Vii` i :}::: :.: ` _ : f;, . t>• - e , r< `^ •,, - ;

Less : allowance for doubtful accounts ►8 Inventories for sale or use ................... ..........

U) 9 Prepaid expenses and deferred charges • , -„ •, „ 201 , 801. 556 , 015. 556 , 015.10a Investments - U.S. and state government obligations

b Investments - corporate stock

c Investments - corporate bonds

11 Investments - land,buddings , and equipment basis ► ^+'' ^: p

Less accumulated depreciation - ►

12 Investments - mortgage loans . . . . .... .. .. .. .....13 Investments - other

14 Land , buildings , and equipment basis ► 615 , 937 '?'_Less accumulated depreciation STMT 10 ► 309 , 320. 187 527. 306 , 617. 306 , 617.

15 Other assets ( describe ► STATEMENT 11) 1 , 092 , 513. 1 , 237 , 106. 1 , 237 , 106.

16 Total assets to be comp leted b y all filers 12 , 780 587 . 13 162 731 . 13 , 162 731.17 Accounts payable and accrued expenses .. ,,,•, ,•- -, ,• 1 577 186 . 1 155 777. :'•18 Grants payable .. .. ... ..... .... . .. . . . 924 653. 2 390 559. -•^::'^^" -'- ,'19 Deferred revenue , , - 20 000 . 368 76 0.20 Loans from officers , directors, trustees, and other disqualified persons , • „• • ,

21 Mortgages and other notes payable .__ _.. 1 051 , 500. 1 , 700 , 000. STATEMENT' 1222 Other liabilities ( describe ► CAPITAL LEASE 0 . 96 261.

23 Total liabilities (add lines 17 throug h 22 ) 3 573 , 339 5 , 711 357.Organizations that follow SFAS 117, check here ► ®and complete lines 24 through 26 and lines 30 and 31.

24 Unrestricted 55 , 354 366 071 .25 Temporarily restricted 9 , 151 , 894 . 7 0 8 5 303.

`m 26 Permanently restricted „ , t =''•w'

Organizations that do not follow SFAS 117 , check here ► 0 -LL and complete lines 27 through 31.

M 27 Capital stock , trust principal , or current funds

ID 28 Paid - in or capital surplus , or land , bldg., and equipment fund -•

< 29 Retained earnings , accumulated income , endowment, or other funds

Z 30 Total net assets or fund balances 9 , 207 , 248. 7 , 451 , 374 . '• • ; •,"1;'`' `•

31 Total liabilities and net assets/fund balances 12 , 780 , 587. 1 13 , 162 , 731 . '= '= •''`: "'-`

part 111 Analysis of Changes 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 prior year's return) - -

2 Enter amount from Part I, line 27a

3 Other increases not included in line 2 (itemize) ►4 Add lines 1, 2, and 3

5 Decreases not included in line 2 (itemize) ►6 Total net assets or fund balances at end of year (line 4 minus line 5) - Part II, column (b), line 30

52351101-05-08

9,207.248.

217500512 758661 47000 2005.09001 KIPP FOUNDATION

<1,755,874.0.

7,451,374.0.

7,451.374.Form 990-PF (2005)

470002

71

Form 990-PF (2005) K I PP FOUNDATION 94-3362724 v, I;1Part V,J Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind ( s) of property sold (e . g., real estate ,2-story brick warehouse ; or common stock , 200 shs . MLC Co .)

( b How acquired

D - Donation

( c ) Date acquired(mo., day , yr.)

( d) Date sold(mo., day, yr.)

1a COMPUTERS P 07 / 25 / 04 08 06 05 -b COMPUTERS P 10 / 07 / 05 12 / 31 / 02Cd

e

(e) Gross sales price (f) Depreciation allowed(or allowable)

( g) Cost or other basisplus expense of sale

( h) Gain or (loss)( e) plus (f) minus (g)

a 1 , 294. 366 . 1 , 616. 44.b 329. 1 , 270. 1 , 715. <116.:cd

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

(i) F.M.V. as of 12/31/69 M Adjusted basisas of 12/31/69

( k) Excess of col. (i)over col. (j), if any

c ol. ( k), but not less than -0-) orLosses (from col. (h))

a 44.b <116.:cd

e

2If gain, also enter in Part I, line 7

Capital gain net income or ( net capital loss ). If (loss), enter -0- in Part I , line 7 ) ....... . .. .. 2 <72

3 Net short-term capital gain or (loss ) as defined in sections 1222 ( 5) and (6):If gain, also enter in Part I, line 8, column (c).If (loss), enter -0- in Part I , line 8 3 0.

Par[ V uuai i ication unaer section 4V4u(e) Tor rteaucea i ax 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 organization liable for the section 4942 tax on the distributable amount of any year in the base period? 0 Yes E2:1 No

If 'Yes, the organization does not qualify under section 4940 ( e). Do not complete this part.1 Enter the aooroonate amount in each column for each year: see instructions before makma any entries.

(a)Base period years

Calendar year ( or tax year be innm m Adjusted ( )(qualifying distributions c)Net value of noncharitable-use assets

( d )Distribution ratio

( col. (b) divided by cal. (c))

2004 15 276 161. 1 , 699 , 283. 8.9897692003 11 234 450. 1 , 554 , 879. 7.2252892002 11 996 223. 1 , 399 , 161. 8.5738692001 6 788 636. 2 , 414 , 735. 2.8113382000 1 , 257 , 111

.5 , 401 386. .232739

2 Total of line 1 , column (d) 2 27.8330043 Average distribution ratio for the 5-year base period - divide the total on line 2 by 5, or by the number of years

the foundation has been in existence if less than 5 years 3 5. 566601

4 Enter the net value of noncharitable - use assets for 2005 from Part X, line 5 4 1 946 , 145.

5 Multiply line 4 by line 3- 5 10 , 833 , 413.

6 Enter 1 % of net investment income (1% of Part I, line 27b) 6 1 , 411.

7 Add lines 5 and 6 - 7 10 , 834 , 824.

8 Enter qualifying distributions from Part XII, line 4 8 20 , 001 , 320.

If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate.See the Part VI instructions.

523521/01-05-08

317500512 758661 47000 2005.09001 KIPP FOUNDATION

Form 990-PF (2005)

470002

4t

Form 990-PF(2005 ) KIPP FOUNDATION 94-3362724 Page4Part= V1.1 Excise Tax Based on Investment Income (Section 4940(a), 4940 (b), 4940(e), or 4948 - see instructions)la Exempt operating foundations described in section 4940 ( d)(2), check here ► E^j and enter *N/9 on line 1.

Date of ruling letter. ( attach copy of ruling letter if necessary-see instructions )

b Domestic organizations that meet the section 4940 ( e) requirements in Part V, check here ►® and enter 1% 1 1 ,411.of Part I , line 27b

ic All other domestic or ganizations enter 2% of line 27b . Exem pt forei g n organizations enter 4% of Part I, line 12 , col. (b) `

2 Tax under section 511 ( domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) ..,, •,,,,,,,,°• .• •• 2 0.3 Add lines 1 and 2 ... .. .. .... .... .... ..................... ........................................... 3 1 411.4 Subtitle A ( income ) tax (domestic section 4947 (a)(1) trusts and taxable foundations only. Others enter -0-) ••• 4 0.

5 Tax based on investment income . Subtract line 4 from line 3 . If zero or less , enter 0-S•ee -•-•_ .•. °.... 5 0 .

6 Credits/Payments :

^a 2005 estimated tax payments and 2004 overpayment credited to 2005 6a j- xYom`' "'

b Exempt foreign organizations - tax withheld at source 6b

c Tax paid with application for extension of time to file ( Form 8868 ) 6c

d Backup withholding erroneously withheld , „ ,- - • 6d

7 Total credits and payments . Add lines 6a through 6d 7 0.

8 Enter any penalty for underpayment of estimated tax. Check here Q if Form 2220 is attached ... _..... 8

9 Tax due . If the total of lines 5 and 8 is more than line 7, enter amount owed 0-..... ..... .. ..... .. ..... ..... . 9 0

10 Overpayment . If line 7 is more than the total of lines 5 and 8 , enter the amount overpaid -• , ►..... .. .......

*

10

I Enter the amount of line 10 to be : Credited to 2006 estimated tax 00- Refunded Bob. 11Pait -VII-A Statements Regarding Activities

la During the tax year , did the organization attempt to influence any national , state, or local legislation or did it participate or intervene in Yes Noany political campaign? la X

b Did it spend more than $100 during the year (either directly or indirectly ) for political purposes ( see instructions for definition)? lb X

If the answer is "Yes " to 1 a or 1 b, attach a detailed description of the activities and copies of any materials published or

distributed by the organization in connection with the activities.

c Did the organization file Form 1120 -POL for this year? . . ...... .. .. ....... ................ . .... . .. is X

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

(1) On the organization . 0- $ 0 . (2) On organization managers . Jo- $ 0.

e Enter the reimbursement ( rf any) paid by the organization during the year for political expenditure tax imposed on organization

managers. ► $ 0.2 Has the organization engaged in any activities that have not previously been reported to the IRS? 2 X

If 'Yes,' attach a detailed descnpt,on of the activities. - -

3 Has the organization made any changes , not previously reported to the IRS , in its governing instrument, articles of incorporation, or

bylaws , or other similar instruments? If 'Yes,' attach a conformed copy of the changes ,• ,,. .. „- . ........ ..... . 3 X

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

b If "Yes ; has it filed a tax return on Form 990-T for this year? N/A 4b

5 Was there a liquidation, termination , dissolution , or substantial contraction during the year? 5 X

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 in the governing instrument, or

• By state legislation that effectively amends the governing instrument so that no mandatory directions that conflict with the state law

remain in the governing instrument? . , ,,,- ., 6 X

7 Did the organization have at least $5,000 in assets at any time during the year? -- --- 7 X

If "Yes," complete Part 11, col. (c), and Part XV. ,: -

8a Enter the states to which the foundation reports or with which it is registered ( see instructions) ►CA,IL,NY,TX,CT,DQ,&A

b If the answer is Yes' to line 7 , has the organization furnished a copy of Form 990-PF to the Attorney General ( or designate)

of each state as required by General Instruction G? If 'No,' attach explanation 8b X

9 Is the organization claiming status as a private operating foundation within the meaning of section 4942 ( l)(3) or 4942(j)(5) for calendar

year 2005 or the taxable year beginning in 2005 ( see instructions for Part XIV)? If 'Yes,' complete Part XIV.. 9 X

10 Did any persons become substantial contributors during the tax year? if -Yes, " attach a schedule li sting the i r names and addresses . -STMT 13 10 X

11 Did the organization comply with the public inspection requirements for its annual returns and exemption application? 11 X

Web site address ► HTTP : / /WWW . K I P P . ORG /12 The books are in care of ► TINA SACH S Telephone no. ► 415 - 8 7 4 - 7 3 8 7

Located at ► 345 SPEAR ST, STE 510, SAN FRANCISCO, CA ZIP+4 ►9410 513 Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 - Check here ....-, .. . . ►0

and enter the amount of tax-exempt interest received or accrued during the year ► I 13 I N/A

f5'o006 Form 990-PF (2005)

417500512 758661 47000 2005.09001 KIPP FOUNDATION 470002

Form 990-PF(2005)

I-Part VU-B1 Statements Regarding Activities for Which Form 4720 May Be RequiredFile Form 4720 if any item is checked in the "Yes" column , unless an exception applies. 4̀f ', Yes No

la During the year did the organization ( either directly or indirectly ):

(1) Engage in the sale or exchange , or leasing of property with a disqualified person? Yes ERI(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from )

a disqualified person? Yes ® No :';•

(3) Furnish goods , services , or facilities to ( or accept them from) a disqualified person? .•• ................ ..... ... ® Yes = No 77

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? .• Yes ® No

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person )? Yes EK] No.... . .. ......

(6) Agree to pay money or property to a government official? (Exception . Check 'No*

if the organization agreed to make a grant to or to employ the official for a period after

termination of government service , if terminating within 90 days .) Yes ERI No• ...... • - •:b If any answer is Yes' to 1a ( 1)-(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53 . 4941 ( d)-3 or in a current notice regarding disaster assistance ( see page 20 of the instructions )? . • 1b X

Organizations relying on a current notice regarding disaster assistance check here •• •- - „•••• •-••• ••• . - , ►Q :•• • • -•

c Did the organization engage in a prior year in any of the acts described in la, other than excepted acts, that were not corrected

before the first day of the tax year beginning in 2005? . ...-- . .• ..... ...... ...... •.• •. 1c X

2 Taxes on failure to distribute income ( section 4942 ) ( does not apply for years the organization was a private operating foundation

defined in section 4942 ( 1)(3) or 4942 (f0(5)):

a At the end of tax year 2005 , did the organization have any undistributed income ( lines 6d and 6e, Part XIII ) for tax year ( s) beginning

before 2005? Yes ® No-- • . .. ............... .... ... .............. .. ..It 'Yes," list the years►

b Are there any years listed in 2a for which the organization is not applying the provisions of section 4942 ( a)(2) (relating to incorrect : t=! x - ° }r

valuation of assets ) to the year ' s undistributed income? ( If applying section 4942(a)(2) to all years listed , answer *No" and attach ,•

statement - see instructions .) •-- N/A... 2b

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

3a Did the organization hold more than a 2% direct or indirect interest in any business enterprise at any time

during the year ? Yes ® No

b If 'Yes , did it have excess business holdings in 2005 as a result of ( 1) any purchase by the organization or disqualified persons after

May 26 , 1969 ; ( 2) the lapse of the 5-year period ( or longer period approved by the Commissioner under section 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 if the organization had excess business holdings in 2005) . •• • .•••• .•.. N/A. 3b

4a Did the organization invest during the year any amount in a manner that would jeopardize its charitable purposes? 4a X

b Did the organization make any investment in a prior year ( but after December 31, 1969 ) that could jeopardize its charitable purpose that

had not been removed from jeopardy before the first day of the tax year beginning in 2005? , • -- . -- .. ... ..... ... 4b X

5a During the year did the organization pay or incur any amount to:

(1) Carry on propaganda , or otherwise attempt to influence legislation (section 4945(e))? - .•••• - D Yes ® No Y.

(2) Influence the outcome of any specific public election ( see section 4955 ); or to carry on , directly or indirectly, ;; - -

any voter registration drive? O Yes ® No 4`:: '•'••

(3) Provide a grant to an individual for travel , study , or other similar purposes ? L Yes ® No

(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 )? Yes ® No

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

the prevention of cruelty to children or animals' Yes ® 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 instructions )? ..... . ... ........ N/A 5b

Organizations relying on a current notice regarding disaster assistance check here • •-, .. ... ►Q ::°

c If the answer is 'Yes' to question 5a(4), does the organization claim exemption from the tax because it maintained Y=

expenditure responsibility for the grant? -- N/A .... Yes No c_

If 'Yes,' attach the statement required by Regulations section 53 . 4945-5(d). •

6a Did the organization , during the year , receive any funds , directly or indirectly , to pay premiums on

a personal benefit contract? - ... .. .. - ...-- .. 0 Yes ®No

b Did the organization , during the year, pay premiums , directly or indirectly , on a personal benefit contract? -- - 6b X

If you answered 'Yes' to 6b, also file Form 8870. .. =' _i

52354101-05-06

517500512 758661 47000 2005.09001 KIPP FOUNDATION

Form 990-PF (2005)

470002

KIPP FOUNDATION 94-3362724

Part Vlll '; Information About Officers, Directors , Trustees , Foundation Managers , Highly Paid Employees , and Contractors

1 List all officers . directors . trustPes _ foundation managers and their compensation.

(a) Name and address(b) Title, and average

hours per week devotedto position

(c) Compensation(If not paid ,enter -0-

(d)Conbibufonsto

e p anddeterredplans

compeasaeon

(e) Expenseaccount, otherallowances

SEE STATEMENT 15 580 059. 10 , 962. 0.

L Unmhensatinn nT live highest-naln emnlnvees Inther than those Included on Imp 1L It nnne enter "N(7NF "

(a) Name and address of each employee paid more than $50,000(b Title and averagehours per week

devoted to position(c) Compensation

( d) Conbibubonstoemp oyes benefit plans

compensation

( e) Ex p enseaccount, otherallowances

MIKE WRIGHT IR SCHOOL FI NANCE345 SPEAR STREET , SUITE 510 , SAN FRAN 40.00 126 533 . 4 , 840. 0.JOHN KANBERG GENERAL COUNS L345 SPEAR STREET , SUITE 510 , SAN FRAN 40.00 153 891. 5 , 889. 0.DARRELL COBB CHIEF LEARNIN G OFFICE345 SPEAR STREET , SUITE 510 , SAN FRAN 40.00 149 609. 5 , 952. 0.JEFFREY RUTEL IR EVAL/INS UCTION345 SPEAR STREET , SUITE 510 , SAN FRAN 40.00 134 643. 5 , 357. 0.MARK MEDEMA DIRECTOR345 SPEAR STREET , SUITE 510 , SAN FRAN 40.00 130 431. 4 , 982. 0.Total number of other employees paid over $50,000 483 Five highest -paid independent contractors for professional services . If none, enter "NONE."

(a) Name and address of each person paid more than $50 ,000 (b) Type of service (c) Compensation

CAMBRIDGE EDUCATION ASSOCIATES SCHOOL EVALUATIONDEMETER HOUSE STATION ROAD , CAMBRIDGE , ENGL SERVICES 365 052.STANFORD UNIVERSITY RAINING FOR SCHOOL520 GALVEZ MALL; CERAS BUILDING , STANFORD , CA LEADER DEVELOPMENT 362 000.HAAS EXECUTIVE DEVELOPMENT RAINING FOR SCHOOLUNIVERSITY OF CALIFORNIA - BERKELEY , BERKELEY , LEADER DEVELOPMENT 172 237.SHEA LABAGH DOBBERSTEIN , CPA , INC.505 MONTGOMERY ST 5TH FLOOR , SAN FRANCISCO , CCOUNTING SERVICES 81 750.HOOD & STRONG , LLP AUDIT AND TAX60 SPEAR STREET , SUITE 400 , SAN FRANCISCO , CA SERVICES 64 , 094.Total number of others receiving over $50,000 for professional services ► 4

Part 1X-A,j summary OT Direct C:narItaD le Acti vities

List the foundation ' s four largest direct charitable activities during the tax year. Include relevant statistical information such as the I Expensesnumber of organizations and other beneficiaries served, conferences convened , research papers produced, etc.

1

2

3

4

THE CHARTER H( KIPP FOUNDATI

4.

617500512,758661 47000 2005.09001 KIPP FOUNDATION

Form 990-PF (2005)

470002

Form 990 PF (2005) K I P P FOUNDATION 94-3362724

;Part ;IX-6 Summary of Program - Related Investments

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount

1 N/A -- - -

2

All other program-related investments. See instructions.

3

Total . Add l ines 1 through 3 - - ► 1 0.

Part X; Minimum Investment Return (AII domestic foundations must complete this part. Foreign foundations, see instructions.)

1 Fair market value of assets not used ( or held for use) directly in carrying out charitable, etc., purposes:

a Average monthly fair market value of securities •• -•-. ... la

b Average of monthly cash balances lb 1 , 975 , 782.c Fair market value of all other assets is

d Total ( add lines la , b, and c ) , .,. •- ... ........ -• , • ••-. ... .. .... id 1 9 7 5 7 8 2e Reduction claimed for blockage or other factors reported on lines la and

1c (attach detailed explanation ) le 0 .

.

2 Acquisition indebtedness applicable to line 1 assets ..... ..... ... .. ...... 2 0 .

3 Subtract line 2 from line l d ... 3 1 , 975 , 782.4 Cash deemed held for charitable activities. Enter 1 1 /2% of line 3 (for greater amount, see instructions ) _ 4 29 , 637.5 Net value of noncharitable -use assets . Subtract line 4 from line 3. Enter here and on Part V, line 4 .. ..... ... ........ 5 1 , 946 , 145.6 Minimum investment return . Enter 5% of line 5 6 97.307.

Part XIDistributable Amount (see instructions) (Section 4942(1)(3) and (j)(5) private operating foundations and certainforeign organizations check here ► ® and do not complete this part)

1 Minimum investment return from Part X, line 6

2a Tax on investment income for 2005 from Part VI, line 5 2a

b Income tax for 2005. (This does not include the tax from Part VI.) 2b

c Add lines 2a and 2b 2c

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

4 Recoveries of amounts treated as qualifying distributions...... 4

5 Add lines 3 and 4 - - 5

6 Deduction from distributable amount (see instructions) 67 Distributable amount as adjusted . Subtract line 6 from line 5. Enter here and on Part XIII, line 1 7

Part XII' Qualifying Distributions (see instructions)

1 Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

a Expenses, contributions, gifts, etc. - total from Part I, column (d), line 26 Ia 19 7 8 4 6 61

b Program-related investments - total from Part IX-B 1b 0

2 Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc., purposes 2 216 6 5 93 Amounts set aside for specific charitable projects that satisfy the: „

a Suitability test (prior IRS approval required) 3a

b Cash distribution test (attach the required schedule) . .....

.

3b

4 Qualifying distributions . Add lines la through 3b. Enter here and on Part V, line 8, and Part XIII, line 4.... 4 20 , 001 , 320.5 Organizations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b ..... 5 1 , 411.6 Adjusted qualifying distributions . Subtract line 5 from line 4 6 19 , 999 , 909.

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 section4940(e) reduction of tax in those years.

Form 990-PF (2005)

52356101-05-06

717500512 758661-47000 2005.09001 KIPP FOUNDATION 470002

Form 990-PF (2005 ) K I PP FOUNDATION 94 - 3362724

Part Xlll_ Undistributed Income (see instructions)

(a) (b) (c) (d)Corpus Years prior to 2004 2004 2005

1 Distributable amount for 2005 from Part XI , i'5' *

line 7 .... ... ......... ... .........y '_ .i .Y_

0 .

2 Undistributed income , if any , as of the and of 2004 • r' ;'i •e=_ .. r ',^ •% Y^ .r.~ . ~' z ':;^" ' ^ ^^:^ j '• "^5'-•3.^:'._.. -}•. -:î:a^s,-::` ''.i ^,r : ... -..,:... .._.

a Enter amount for 2004 only 0±b Total for prior years : :;"'' ; ; -^-` '' t

fiz. _ t::^ :,=' Y " _ ='.wi'>; :.;_; „_•,_ ... ,. _ . _+

, .'^M^lIV_

À,

O.J ,i.,a,• •s_. .;:, .

Y.'.^:" ^,:.

µ

- ir• ° s^>^Câ'L^ _î 4'-'• • - --3

K

3 Excess distributions carryover , if any, to 2005 :.:-.ate- -

=t r;_ -..... • -'. .r :r.-; .- ^".•<-as .y, _J n

°:. =

. '` "> _à From 2000 s ; :;ro .1_ T' -_ '.i•

t; .'

_ii'.t sL ^' w

• . .w r'^'= " ^^•

, _ =;,.'•. ...

b From 2001, k,t e,y , ., . _<e`l+.: ` ai - :

~

,vt rS

"

i' ì; '' _t> : } t :::^,R•z`<• .' -

;Iii`::ti. :.+

r %h i" ?;

c From 2002 . Y k ,

d From 2003 \3 s. . L:.e From 2004

f Total of lines 3a through a 0

4 Qualifying distributions for 2005 from

Part Xli line 4 : 00, $ N /A,

a Applied to 2004 , but not more than line 2a 0

b Applied to undistributed income of prior ,

years (Election required - see instructions ) ••• > ' _ "rF 0 ° ' •'?-' ''''

c Treated as distributions out of corpus

( Election required - see instructions) 0

d Applied to 2005 distributable amount -•• , •• -' _ ` '= 0

e Remaining amount distributed out of corpus 0 r>' ,L r='?'= '+ b ••-''

5 Excess distributions carryover applied to 2005 0 0of an amount appears in column (d), the same amountmust be shown in column (a)) • _ 'r -

6 Enter the net total of each column asindicated below

a Corpus Add lines 3f, 4c , and 4e subtract line 5 0 . - ' - - - - ••

b Prior years ' undistributed income , Subtract

line 4b from line 2b 0 4 `• '

c Enter the amount of prior years ' -undistributed income for which a notice of

` sYdeficiency has been issued , or on which t ==the section 4942 ( a) tax has been previouslyassessed 0

d Subtract line 6c from line 6b . Taxable r .,"

amount - see instructions - " 0 "e Undistributed income for 2004 . Subtract line

4a from line 2a . Taxable amount - see instr . V 0

f Undistributed income for 2005 . Subtract

lines 4d and 5 from line 1. This amount must

be distributed in 2006 0

7 Amounts treated as distributions out of

ycorpus to satisfy requirements imposed by = = ,';

section 170 ( b)(1)(E) or 4942 ( g)(3) • • 0

8 Excess distributions carryover from 2000

not applied on line 5 or line 7 0 . " '

9 Excess distributions carryover to 2006 ; - -. -

Subtract lines 7 and 8 from line 6a 0 .

10 Analysis of line 9:

a Excess from 2001

b Excess from 2002 - •• 't i , '

c Excess from 2003

d Excess from 2004

e Excess from 2005

Form 990-PF (2005)52357101-05-06

817500512 758661 47000 2005.09001 KIPP FOUNDATION 470002

Form -3362724 Page91,Part 'XIV :I Private Oneratina Foundations (see instructions and Part VII•A. auestion 9)

1 a If the foundation has received a ruling or determination letter that i is a private operating

foundation, and the ruling is effective for 2005, enter the date of the ruling ... ....

b Check box to indicate whether the organ ization is a p rivate opera infoundation describ(

2 a Enter the lesser of the adjusted net Tax year

income from Part I or the minimum (a) 2005 (b) 2004

investment return from Part X foreach year listed 97 , 307. 84 , 964

b 85% of line 2a 82 , 711. 7 2 219c Qualifying distributions from Part XII,

line 4 for each year listed . ... 20 , 001 , 320. 152 7 6 6 4 4d Amounts included in line 2c not

used directly for active conduct of

exempt activities _ . , 0. 0e Qualifying distributions made directly

for active conduct of exempt activities.

Subtract line 2d from line 2c 20 , 001 , 320. 15 , 276 , 6443 Complete 3a, b, or c for the

alternative test relied upon:a 'Assets' alternative test - enter:

(1) Value of all assets

.

(2) Value of assets qualifyingunder section 4942(1)(3)(B)(i)

b 'Endowmentalternative test - enter2/3 of minimum investment returnshown in Part X, line 6 for each yearlisted 64 , 871. 56 , 643

c 'Supportalternative test - enter.

(1) Total support other than grossinvestment income (interest,dividends, rents, payments onsecurities loans (section512(a)(5)), or royalties)

(2) Support from general publicand 5 or more exemptorganizations as provided insection 4942(l)(3)(B)(iil) _

(3) Largest amount of support from

an exempt organization

728.111

I or 0 4942 5

d) 2002 (e) Total

54 , 522. 314 537.

46.344. 267,356.

6.415

Part XV Supplementary Information (Complete this part only if the organization had $5,000 or more in assetsat any time during the year-see page 26 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 taxyear (but only if they have contributed more than $5,000). (See section 507(d)(2).)

SEE STATEMENT 16

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 orother entity) of which the foundation has a 10% or greater interest

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

Check here ►® if the organization only makes contributions to preselected charitable organizations and does not accept unsolicited requests for funds. If

the organization makes gifts, grants, etc. (see instructions) to individuals or organizations under other conditions, complete items 2a, b, c, and d.

a The name , address , and telephone number of the person to whom applications should be addressed:

N/A

b The form in which applications should be submitted and information and materials they should include:

c Any submission deadlines:

N/A

d Any restrictions or limitations on awards , such as by geographical areas, charitable fields, kinds of institutions , or other factors:

N/A

Prior 3 yeas(c) 2003

523581/01-05-06 Form 990-PF (2005)9

17500512 758661 47000 2005.09001 KIPP FOUNDATION 470002

Form 990-PF (2

3 Grants and Contributions Paid During the Year or Approved for Future Payment

Recipient If recipient is an individual,show any relationship to Foundation Purpose of grant or

Name and address ( home or business ) any foundation manager status ofi i

contribution Amountor substantial contributor prec ent

a Paid dung the year

SEE STATEMENT 17Total ► 3a 3 , 965 , 005.

b Approved for future payment

KIPP DREAM, 4610 EASTCROSSTIMBERS STREET,

HOUSTON, TX 77016-6337 GRANTEE 501(C)(3) EDUCATION 7,500.

KIPP INC., 10711 KIPP WAY,HOUSTON, TX 77099-2675 GRANTEE 501(C)(3) EDUCATION 7,500.

KIPP SUNSHINE PEAK, 375 S.TEJON STREET, DENVER, CO80223 GRANTEE 501(C)(3) EDUCATION 36,000.

Total ► 3b 51,000.szseovoi -os-oe Form 990-PF (2005)

1017500512 758661 47000 2005.09001 KIPP FOUNDATION 470002

Form 990-PF (2005) K I P P FOUNDATION 94-3362724 Pape 11

PartXVl -A, Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated unreiaiea ousiness income Exclu ded by section 512 , 513 , or 514 (e).

1 Program service revenue:

(a)Businesscode

(b)Amount

Ei^r„-

code

(d)Amount

Related or exemptfunction income

a SERVICE FEE 565 430.b

c

de

f

g Fees and contracts from government agencies

2 Membership dues and assessments

3 Interest on savings and temporary cashinvestments .. . . . .......... . .......... 14 85 , 438.

4 Dividends and interest from securities

5 Net rental income or (loss) from real estate: '-r-

a Debt-financed property .. .. ..,-. .

b Not debt-financed property -.--, -

6 Net rental income or (loss) from personal

property

7 Other investment income 01 5 5 6 2 4.8 Gain or (loss) from sales of assets other

than inventory 18 <7 2 .9 Net income or (loss) from special events

10 Gross profit or (loss) from sales of inventory ...... ......

11 Other revenue:

ab

c

de

12 Subtotal. Add columns (b), (d), and (e) 0 140 , 990. 565 , 430.13 Total. Add line 12, columns (b), (d), and (e) 13 706,420.

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B Relationship of Activities to the Accomplishment of Exempt Purposes

Line No . Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment ofy the organization ' s exempt purposes ( other than by providing funds for such purposes).

E OF THE

52381101-05-08

1117500512 758661 47000 2005.09001 KIPP FOUNDATION

ZATI

Form 990-PF (2005)

470002

Form $90-PF (2005) K I PP FOUNDATION 94-3362724 Pag e 12- ;PaftXVII t Information Regarding Transfers To and Transactions and Relationships With Noncharitable

Did the organization directly or indirectly engage in any of the following with any other organ ization described in section 501(c) of Yes No

the Code ( other than section 501 ( c)(3) organizations ) or in section 527, relating to political organizations ?a Transfers from the rep ortin g organization to a noncharitable exem pt or ganization of.

(1) Cash i!U) X(2) Other assets .....,...... t 1)o 2 X

b Other transactions :

(1) Sales of assets to a noncharrtable exempt organization ... ............... .. . lb ( l ) X

(2) Purchases of assets from a noncharitable exempt organization iP{.)2 X

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

.

.

lb (3 ) X

(4) Reimbursement arrangements . ... ... . .. . .. . .... ...... .. .... ......... . .. .

.

i ]b 4 X

(5) Loans or loan guarantees ib 5 X

(6) Performance of services or membersh i p or fundraising solicitations.

.

lb ( 6 ) X

c Sharing of facilities , equipment, mailing lists, other assets , or paid employees ... , _ _ 1c X

d If the answer to any of the above is 'Yes ; complete the following schedule . Column ( b) should always show the fair market value of the goods , otor services given by the reporting organization . If the organization received less than fair market value in any transaction or sharing arrangement,

her assets,

show in

(a) Name of organization (b) Type of organization (c) Description of relationship

N /A

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements , and to the best of my knowledge and belief, it is true, correct,

and complete D laration of preparer ( other than taxpayer or fiduciary) is based on all inlormati^^ ^f wh^rh n.nn^rnr hie ens L ^ nw^n^inn

4 ' Signature of officer or trustee [

signatures, ^

4F C signature

ogt° OCL ad Arm's name (or yours HOOD & STRONG LLP, CPAS

0)a initselltmployed ), ' 60 SPEAR STREET, SUITEaedress,andzlPcode SAN FRANCISCO CA 94105

52382101-05-08

17500512 758661 47000 2005.09001

2a Is the organization directly or i ndirectly affiliated with , or related to , one or more tax -exempt organizations described

in section 501(c) of the Code ( other than section 501(c)(3 )) or in section 527? Q Yes 0 No

h If 'Yec'rmmnletp the fnllnwinn crheriulp

Schedule B Schedule of Contributors OMB No 1545-0047(Form 990, 990-EZ, or

990-PF) Supplementary Information for 2005Department of the Treasury line 1 of Form 990, 990- EZ, and 990- PF (see instructions)Internal Revenue Service

Name of organization Employer identification number

VTDD Vr%TTATT1ATTr)M QA_11F277d

Organization type (check one):

Filers of. Section:

Form 990 or 990-EZ L1 501(c)( ) (enter number) organization

0 4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF ® 501(c)(3) exempt private foundation

Q 4947(a)(1) nonexempt charitable trust treated as a private foundation

0 501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule. (Note: Only a section 501(c)(7), (8), or (10) organization can check boxes

for both the General Rule and a Special Rule-see instructions.)

General Rule-

130 For organizations filing Form 990, 990-EZ, or 990-PF that received, during the year, $5,000 or more (in money or property) from any one

contributor. (Complete Parts I and II )

Special Rules-

O For a section 501 (c)(3) organization filing Form 990, or Form 990-EZ, that met the 33 1 /3% support test under Regulations

sections 1 509(a)-3/1.170A-9(e) and received from any one contributor , during the year , a contribution of the greater of $5,000 or 2%

of the amount on line 1 of these forms. (Complete Parts I and I I)

0 For a section 501 (c)(7),(8), or (10) organization filing Form 990 , or Form 990- EZ, that received from any one contributor , during the year,

aggregate contributions or bequests of more than $1,000 for use exclusively for religious , charitable , scientific , literary , or educational

purposes , or the prevention of cruelty to children or animals. (Complete Parts I, II, and III )

LI For a section 501 (c)(7), (8), or (10) organization filing Form 990, or Form 990-EZ, that received from any one contributor, during the year,

some contributions for use exclusively for religious, charitable, etc , purposes, but these contributions did not aggregate to more than

$1,000 (If this box is checked, enter here the total contributions that were received during the year for an exclusively religious,

charitable, etc., purpose Do not complete any of the Parts unless the General Rule applies to this organization because it received

nonexclusively religious, charitable, etc., contributions of $5,000 or more during the year) . . . .. . ► $

Caution : Organizations that are not covered by the General Rule and/or the Special Rules do not file Schedule B (Form 990, 990-EZ, or 990-PF), but

they must check the box in the heading of their Form 990, Form 990-EZ, or on line 2 of their Form 990-PF, to certify that they do not meet the filing

requirements of Schedule B (Form 990, 990-EZ, or 990-PF).

LHA For Paperwork Reduction Act Notice , see the Instructions Schedule B (Form 990, 990-EZ, or 990 -PF) (2005)

for Form 990 , Form 990-EZ, and Form 990-PF.

523451 02-01-08

1317500512 758661 47000 2005.09001 KIPP FOUNDATION 470002

- Name of organization

of 4 of Part 1

Employer identification number

or

Part . l Contributors (See Specific Instructions.)

(a)

No.

(b)

Name , address, and ZIP + 4

(c)

Aggregate contributions

(d)

Type of contribution

1 PISCES Person If]

1 MARITIME PLAZA, SUITE 1400 $ 7,705,000.

Payroll 0

Noncash 0

SAN FRANCISCO, CA 94111

(Complete Part II if thereis a noncash contribution)

(a)

No.

(b)

Name, address, and ZIP + 4

(c)


(d)


2 BROAD FOUNDATION Person

10900 WILSHIRE BLVD., 12TH FLOOR $ 199,031.

Payroll 0

Noncash 0

LOS ANGELES, CA 91124(Complete Part II if thereis a noncash contribution.)

(a)

No.

(b)


(c)


(d)


3 THE SAN FRANCISCO FOUNDATION Person E^j

225 BUSH ST., STE.500 $ 15,000.

PayrollNoncash 0

SAN FRANCISCO, CA 94104(Complete Part II if thereis a noncash contribution.)

(a)

No.

(b)

Name, address , and ZIP + 4

(c)


(d)


4 GAP FOUNDATION Person I-XI

TWO FOLSOM STREET $ 20,000.

Payroll 0

Noncash

SAN FRANCISCO, CA 94105(Complete Part 11 if thereis a noncash contribution.)

(a)

No.

(b)


(c)


(d)


5 JACK KENT COOKE FOUNDATION Person FX1

44115 WOODRIDGE PARKWAY, STE 200 $ 750,000.Payroll 0Noncash

LANDSDOWNE, VA 20176

(Complete Part II if there

is a noncash contribution)

(a)

No.

(b)


(c)


(d)


6 STEEL HOUSE Person E^j

1131 EAST 25TH ST. $ 5,000.

PayrollNoncash

INDIANAPOLIS, IN 4 6 2 0 5(Complete Part II if there

is a noncash contribution'

523452 02-01-06 Schedule B (Form 990 , 990-EZ , or 990-PF) (2005)

1417500512 758661 47000 2005.09001 KIPP FOUNDATION 470002

- Name of organization

or of 4 of Part I


4-

';Nart`I :'' Contributors (See Specific Instructions)

(a)

No.(b)


(c)


(d)


7 MARCUS FOUNDATION Person2455 PACES FERRY ROAD, SE BUILDINGC-21 $ 200,000.

Payroll ElNoncash 0

ATLANTA, GA 3 0 3 3 9(Complete Part II if thereis a noncash contribution )

(a)

No.

(b)


(c)


(d)


8 PENINSULA COMMUNITY FOUNDATION Person

1700 SOUTH EL CAMINO REAL, STE 300 $ 5,000.

Payroll El

Noncash

SAN MATEO, CA 94402-3049(Complete Part II if thereis a noncash contribution)

(a)

No.

(b)


(c)


(d)


9 COMMUNITY FOUNDATION OF JAKE HOLE Person

P.O. BOX 574 $ 10,000.Payroll 0Noncash El

JACKSON, WY 83001

(Complete Part II if thereis a noncash contnbution)

(a)

No.

(b)


(c)


(d)


10

THE CAPITAL GROUP OF COMPANIESCHARITABLE FOUNDATION Person

11100 SANTA MONICA BLVD. $ 5,000.

Payroll

Noncash 0

LOS ANGELES, CA 9 0 0 2 5(Complete Part II if thereis a noncash contribution.)

(a)

No.

(b)

Name , address , and ZIP + 4

(c)


(d)


11 LESLIE & WALTER BURLOCK FOUNDATION Person EKI

120 KEARNEY STREET, SUITE 3300 $ 10,000.Payroll 0Noncash 0

SAN FRANCISCO, CA 94108(Complete Part II if thereis a noncash contribution.)

(a)

No.

(b)


(c)


(d)


12 THE BARI LIPP FOUNDATION Person EKI

38 PARK RD $ 15,000.

Payroll QNoncash 0

SCARSDALE, NY 10583(Complete Part II if thereis a noncash contnbution ;

523452 02 -01-08 Schedule B (Form 990 . 990-EZ . or 990 -PF) (20051

1517500512 758661 47000 2005.09001 KIPP FOUNDATION 470002

Schedule B (Form 990 , 990-E7_ or 990-PF,

' Name of organization

of 4 of Part I


Part- I Contributors (See Specific Instructions.)

(a)

No.

(b)


(c)


(d)


13HELLMAN FAMILY PHILANTHROPICFOUNDATION Person Ef]

12 STEUART STREET $ 50,000.

Payroll

Noncash


(Complete Part II if thereIs a noncash contribution.)

(a)

No.

(b)


(c)


(d)


14 TONI & ARTHUR ROCK Person Ef]

ONE MARITIME PLAZA, SUITE 1220 $ 5,000.

Payroll 0

Noncash

SAN FRANCISCO, CA 94111-3502(Complete Part II If thereis a noncash contribution.)

(a)

No.

(b)


(c)


(d)


15 DANA & ROBERT EMERY Person I-XI

3522 CLAY STREET $ 5,000.

Payroll

Noncash 0


(Complete Part II if thereis a noncash contribution.)

(a)

No.

(b)


(c)


(d)


16 JOHN FISHER Person Ef]

1 MARITIME PLAZA, STE 1400 $ 10,000.

Payroll El

Noncash 0

SAN FRANCISCO, CA 94111-3504(Complete Part II if thereis a noncash contribution)

(a)

No.

(b)


(c)


(d)


17 STATE FARM COMPANIES Person

ONE STATE FARM PLAZA $ 27,500.

Payroll 0

Noncash 0

BLOOMINGTON, IL 61710-0001(Complete Part II if there

is a noncash contribution.)

(a)No.

(b)Name, address , and ZIP + 4

(c)Aggregate contributions

(d)Type of contribution

18 MICHAEL & SUSAN DELL FOUNDATION Person

P.O. BOX 163867 $ 1,354,987.Payroll 0

Noncash El

,AUSTIN, TX 78716-3867(Complete Part II if there

is a noncash contribution

523452 02-01-09 Schedule B (Form 990, 990-EZ , or 990-PF) (2005)

1617500512 758661 47000 2005.09001 KIPP FOUNDATION 470002

' Name of organization

of 4 of Part I


or

i Part 1 Contributors (See Specific Instructions.)

(a)

No.

(b)


(c)


(d)


19 KINDER FOUNDATION Person Ef]

P.O. BOX 130776 $ 20,000.

Payroll QNoncash LI

HOUSTON, TX 77219-0776

(Complete Part II if thereis a noncash contribution.)

(a)

No.

(b)


(c)


(d)


20 THE WALTON FAMILY FOUNDATION, INC. Person Ef]

P.O. BOX 2030 $ 1,095,000.Payroll 0Noncash 0

BENTONVILLE , AR 72712-2030(Complete Part II if thereIs a noncash contribution)

(a)

No.

(b)


(c)


(d)


21 STUART FOUNDATION Person Eil

ONE DOCK STREET, SUITE 608 $ 25,000.

Payroll 0

Noncash

STAMFORD, CT 0 6 9 0 2(Complete Part II if thereis a noncash contnbution.)

(a)

No.

(b)


(c)


(d)


22 VANGUARD CHARITABLE ENDOWMENT PROGRAM 'Person EKI

P.O. BOX 3075 $ 50,000.Payroll 0Noncash El

SOUTHEASTERN, PA 19398-9917(Complete Part II if thereis a noncash contribution.)

(a)

No.

(b)


(c)


(d)


23 ROBIN HOOD FOUNDATION Person E2j

826 BROADWAY $ 36,376.Payroll 0

Noncash 0

NEW YORK, NY 10003


is a noncash contribution.)

(a)

No.

(b)


(c)


(d)


Person 0

$

Payroll El

Noncash El


is a noncash contnbutlon.

523452 02-01-06 Schedule B (Form 990, 990-EZ, or 990-PF) (2005)

17

17500512 758661 47000 2005.09001 KIPP FOUNDATION 470002

KIPP FOUNDATION

MANNER DATEACQUIRED ACQUIRED DATE SOLD

PURCHASED 07/25/04 08/06/05

(D) (E) (F),EXPENSE OF

SALE DEPREC. GAIN OR LOSS

FORM 990-PF GAIN OR (LOSS) FROM SALE OF ASSETS STATEMENT 1

(A)DESCRIPTION OF PROPERTY

COMPUTERS

(B)GROSS

SALES PRICE

1, 294 .

(C)COST OR

OTHER BASIS

1,616.

94-3362724

0. 366. 44.

(A)DESCRIPTION OF PROPERTY

COMPUTERS

(B) (C)GROSS COST OR

SALES PRICE OTHER BASIS

329. 1,715.

MANNER DATEACQUIRED ACQUIRED DATE SOLD

PURCHASED 10/07/05 12/31/02

(D) (E) (F)EXPENSE OF

SALE DEPREC . GAIN OR LOSS

0. 1,270. <116.>

CAPITAL GAINS DIVIDENDS FROM PART IV 0.

TOTAL TO FORM 990-PF, PART I, LINE 6A <72.>

FORM 990-PF INTEREST ON SAVINGS AND TEMPORARY CASH INVESTMENTS STATEMENT 2

SOURCE

INTEREST INCOME

TOTAL TO FORM 990-PF, PART I, LINE 3, COLUMN A

AMOUNT

85,438.

85,438.

18 STATEMENT(S) 1, 217500512 758661 47000 2005.09001 KIPP FOUNDATION 470002


FORM 990-PF OTHER INCOME STATEMENT 3

(A) (B) (C)REVENUE NET INVEST- ADJUSTED

DESCRIPTION PER BOOKS MENT INCOME NET INCOME

MISCELLANEOUS 55,624. 55,624. 55,624.SERVICE FEE 565,430. 0. 565,430.

TOTAL TO FORM 990-PF, PART I, LINE 11 621,054. 55,624. 621,054.

FORM 990-PF LEGAL FEES STATEMENT 4

(A) (B) (C) (D)EXPENSES NET INVEST- ADJUSTED CHARITABLE

DESCRIPTION PER BOOKS MENT INCOME NET INCOME PURPOSES

LEGAL 95,608. 0. 0. 95,608.

TO FM 990-PF, PG 1, LN 16A 95,608. 0. 0. 95,608.

FORM 990-PF ACCOUNTING FEES STATEMENT 5



ACCOUNTING 145,844. 0. 0. 145,844.

TO FORM 990-PF, PG 1, LN 16B 145,844. 0. 0. 145,844.

FORM 990-PF OTHER PROFESSIONAL FEES STATEMENT 6



OTHER PROFESSIONAL 1,050,329. 0. 0. 1,050,329.

TO FORM 990-PF, PG 1, LN 16C 1,050,329. 0. 0. 1,050,329.

19 STATEMENT(S) 3, 4, 5, 617500512 758661 47000 2005.09001 KIPP FOUNDATION 470002

Y

KIPP FOUNDATION ,94-3362724

FORM 990-PF TAXES STATEMENT 7

(A) (B) (C)EXPENSES NET INVEST- ADJUSTED

DESCRIPTION PER BOOKS MENT INCOME NET INCOME

PAYROLL 446,305. 0. 0.

(D)CHARITABLEPURPOSES

446,305.

TO FORM 990-PF, PG 1, LN 18 446,305. 0. 0. 446,305.

FORM 990-PF

DESCRIPTION

DESKTOP/NETWORK SUPPORTEMPLOYEE RECRUITING &DEVELOPMENT

SCHOOL LEADER TRAININGFACILITIES

OTHER EXPENSES

POSTAGE AND DELIVERYTELEPHONE

SUPPLIES

EQUIPMENT RENTAL &MAINTENANCECHARTER EXPENSE-KIPP ASPIREAND TRUTH

TO FORM 990-PF, PG 1, LN 23

OTHER EXPENSES STATEMENT 8

(A) (B) (C) (D)

EXPENSES NET INVEST- ADJUSTED CHARITABLE

PER BOOKS MENT INCOME NET INCOME PURPOSES

155,102. 0. 0. 155,102.

124,614. 0. 0. 124,614.

366,897. 0. 0. 366,897.399,375. 0. 0. 399,377.90,855. 0. 0. 90,855.

189,389. 0. 0. 189,389.60,455. 0. 0. 60,455.

128,626. 0. 0. 128,626.

3,098,104. 0. 0. 3,098,104.

4,613,417. 0. 0. 4,613,419.

i


FOOTNOTES STATEMENT 9

ATTACHMENT TO FORM 990-PF, PART VI, LINE 5

60 MONTH TERMINATION PERIOD

THE KIPP FOUNDATION IS IN A 60-MONTH TERMINATIONUNDER IRC SECTION 507(B)(1)(B). THE IRS HAS ISSUED ADETERMINATION INDICATING THAT THE KIPP FOUNDATIONWILL BE TREATED AS A PUBLIC CHARITY DESCRIBED IN SECTIONS509(A)(1) AND 170(B)(1)(II) OF THE IRC FOR AN ADVANCERULING PERIOD OF 60 MONTHS BEGINNING JULY 1, 2002.

ATTACHED TO THIS RETURN IS FORM 872, "CONSENT TO EXTEND TIMETO ASSESS TAX." ACCORDINGLY, THE FOUNDATION IS NOT REQUIREDTO PAY THE EXCISE TAX.

BASED ON THE IRS' INSTRUCTIONS FOR A 60-MONTH TERMINATIONPERIOD, THE FOUNDATION IS FILING A RETURN AS IF IT WERE STILA PRIVATE FOUNDATION.

ATTACHMENT TO FORM 990-PF, PART VII-B, QUESTION 1A(3)

TRANSACTIONS WITH DISQUALIFIED PERSONS

CERTAIN BOARD MEMBERS AND CONTRIBUTORS TO THE FOUNDATIONSERVE ON BOTH THE BOARD OF KIPP FOUNDATION AND PISCESFOUNDATION. PISCES IS A TYPE I SUPPORTING ORGANIZATIONOF THE SAN FRANCISCO FOUNDATION. THE PISCES FOUNDATIONCONTRIBUTED SERVICES OF APPROXIMATELY $315,000 IN THE YEARENDED JUNE 30, 2006.

21 STATEMENT(S) 91 r7CZnnr1 ) r7IzQ1Z9Z1 Ar7nnn )nnr, nonnl VTDD VnTl"KMATTr1TT Ar7nnn)


FORM 990-PF DEPRECIATION OF ASSETS NOT HELD FOR INVESTMENT STATEMENT 10

DESCRIPTION

LEASEHOLD IMPROVEMENTS

OFFICE FURNITURE & FIXTURES

COMPUTER EQUIPMENT

SOFTWARE

TOTAL TO FM 990-PF, PART II, LN 14

COST OR ACCUMULATEDOTHER BASIS DEPRECIATION

50,062.185,806.360,069.20,000.

615,937.

27,155.61,710.

219,622.833.

309,320.

BOOK VALUE

22,907.124,096.140,447.19,167.

306,617.

FORM 990-PF OTHER ASSETS STATEMENT 11

DESCRIPTION

DEPOSITNOTES RECEIVABLE

TOTAL TO FORM 990-PF, PART II, LINE 15

BOOK VALUE

53,543.1,183,563.

1,237,106.

FAIR MARKETVALUE

53,543.1,183,563.

1,237,106.


:KIPP FOUNDATION 94-3362724

FORM 990-PF OTHER NOTES AND LOANS PAYABLE STATEMENT 12

LENDER'S NAME

WELLS FARGO

DATE OF MATURITY

05/02/05 05/10/06

RELATIONSHIP OF LENDER

NONE

DESCRIPTION OF CONSIDERATION

TERMS OF

INTEREST

MATURITY

ORIGINALLOAN AMOUNT

900,000.

REPAYMENT

ONLY UNTIL

INTEREST

RATE

6.50%

0. 0.

LENDER'S NAME

RAZA DEVELOPMENT FUND

DATE OF MATURITY

NOTE DATE

03/15/04 05/01/07


700,000. 6.00% TO MAKE LOANS TO KIPP SCHOOLS

TO FINANCE QUALIFYING REAL

ESTATE PROJECTS

NONE

DESCRIPTION OF CONSIDERATION

TERMS OF REPAYMENT SECURITY PROVIDED BY BORROWER

SECURITY PROVIDED BY BORROWER

FIRST PRIORITY INTERESTIN KIPP'S PERSONALPROPERTY

PURPOSE OF LOAN

LINE OF CREDIT FOR WORKING

CAPITAL

FMV OFCONSIDERATION BALANCE DUE

INTEREST ONLY UNTIL INDIVIDUAL SCHOOLS'

MATURITY PROMISSORY NOTES

ORIGINAL INTEREST

LOAN AMOUNT RATE PURPOSE OF LOAN

FMV OF .CONSIDERATION BALANCE DUE

0. 700,000.

23 STATEMENT(S) 12

17500512 758661 47000 2005.09001 KIPP FOUNDATION 470002

.KIPP FOUNDATION

LENDER'S NAME

FIRST REPUBLIC BANK

DATE OF MATURITYNOTE DATE

04/21/06 04/30/07


94-3362724

TERMS OF REPAYMENT SECURITY PROVIDED BY BORROWER

INTEREST ONLY UNTIL FIRST PRIORITY INTERESTMATURITY IN KIPP'S PERSONAL

PROPERTY

ORIGINAL INTERESTLOAN AMOUNT RATE PURPOSE OF LOAN

1,000,000. 8.25% LINE OF CREDIT FOR WORKINGCAPITAL

NONE

DESCRIPTION OF CONSIDERATIONFMV OF

CONSIDERATION BALANCE DUE

0. 1,000,000.

TOTAL TO FORM 990-PF, PART II , LINE 21, COLUMN B 1,700,000.

FORM 990-PF LIST OF SUBSTANTIAL CONTRIBUTORS STATEMENT 13PART VII-A, LINE 10

NAME OF CONTRIBUTOR

MICHAEL & SUSAN DELL FOUNDATION

ADDRESS

P.O. BOX 163867, AUSITN, TX 78716



FORM 990-PF SUMMARY OF DIRECT CHARITABLE ACTIVITIES STATEMENT 14

ACTIVITY ONE

THE KIPP FOUNDATION TRAINS OUTSTANDING TEACHERS AND PROVIDESSUPPORT SERVICES TO A NATIONWIDE NETWORK OF OPEN-ENROLLMENTPUBLIC SCHOOLS (KIPP SCHOOLS). THE MISSION OF THE KIPPSCHOOLS IS TO PROVIDE EDUCATIONALLY UNDERSERVED STUDENTSWITH THE KNOWLEDGE, SKILLS,AND CHARACTER NEEDED TO SUCCEEDIN TOP QUALITY HIGH SCHOOLS, COLLEGES AND THE COMPETITIVEWORLD BEYOND.

TO FULFILL ITS MISSION, THE FOUNDATION TRAINS TEACHERS TO BELEADERS AND TO ESTABLISH NEW KIPP SCHOOLS THROUGH ITS YEARLONG KIPP SCHOOL LEADERSHIP PROGRAM. THE FOUNDATION ALSOPROVIDES ON-GOING ASSISTANCE, AS WELL AS GRANTS, TO EXISTINGKIPP SCHOOLS IN THE AREAS OF PROFESSIONAL DEVELOPMENT,CURRICULUM, INSTRUCTIONAL SUPPORT, SCHOOL OPERATIONS, REALESTATE, ADVOCACY, FUNDRAISING AND MARKETING. THE TRAININGINCLUDES:

-A SIX-WEEK INTENSIVE PROGRAM OF COURSEWORK AT STANFORDUNIVERSITY COVERING INSTRUCTIONAL, ORGANIZATIONAL, ANDOPERATIONAL LEADERSHIP-RESIDENCIES TO OBSERVE AND PARTICIPATE IN THE LEADERSHIPAND OPERATION OF HIGH-PERFORMING KIPP SCHOOLS AND-SEVERAL TRAINING CONFERENCES LED BY KIPP STAFF ANDPROFESSIONALS OUTSIDE OF THE KIPP FOUNDATION.

IN THE 2006 FISCAL YEAR, 7 LEADERS COMPLETED THE KIPP SCHOOLLEADERSHIP PROGRAM AND OPENED 7 NEW SCHOOLS IN THE FALL OF2006, RESULTING IN A TOTAL OF 52 SCHOOLS IN THE KIPP NETWORK.KIPP SCHOOLS NOW SERVE 12,000 STUDENTS IN UNDER-RESOURCEDCOMMUNITIES.

EXPENSES

TO FORM 990-PF, PART IX-A, LINE 1

2517500512 758661 47000 2005.09001 KIPP FOUNDATION

1,928,000.

STATEMENT(S) 14470002


FORM 990-PF PART VIII - LIST OF OFFICERS, DIRECTORS STATEMENT 15TRUSTEES AND FOUNDATION MANAGERS

NAME AND ADDRESS

DONALD G. FISHER345 SPEAR STREET, SUITE 510SAN FRANCISCO, CA 94105

DORIS F. FISHER345 SPEAR STREET, SUITE 510SAN FRANCISCO, CA 94105

MICHAEL H. FEINBERG345 SPEAR STREET, SUITE 510SAN FRANCISCO, CA 94105

DAVID LEVIN345 SPEAR STREET, SUITE 510SAN FRANCISCO, CA 94105

SHAWN HURWITZ345 SPEAR STREET, SUITE 510SAN FRANCISCO, CA 94105

JOHN J. FISHER345 SPEAR STREET, SUITE 510SAN FRANCISCO, CA 94105

TRACY MCDANIEL345 SPEAR STREET, SUITE 510SAN FRANCISCO, CA 94105

WENDY KOPP345 SPEAR STREET, SUITE 510SAN FRANCISCO, CA 94105

RICHARD BARTH345 SPEAR STREET, SUITE 510SAN FRANCISCO, CA 94105

MICHAEL BUERGER345 SPEAR STREET, SUITE 510SAN FRANCISCO, CA 94105

MARIE WASHINGTON345 SPEAR STREET, SUITE 510SAN FRANCISCO, CA 94105

17500512 758661 47000

EMPLOYEETITLE AND COMPEN- BEN PLAN EXPENSE

AVRG HRS/WK SATION CONTRIB ACCOUNT

DIRECTOR/CHAIRMAN

1.00 0. 0. 0.

DIRECTOR

1.00 0. 0. 0.

DIRECTOR

1.00 0. 0. 0.

DIRECTOR1.00 0. 0. 0.

DIRECTOR

1.00 0. 0. 0.

DIRECTOR

1.00 0. 0. 0.

DIRECTOR

1.00 0. 0. 0.

DIRECTOR1.00 0. 0. 0.

CEO40.00 244,071. 5,000. 0.

CFO40.00 36,501. 1,212. 0.

CFO40.00 113,542. 4,750. 0.

26 STATEMENT(S) 152005.09001 KIPP FOUNDATION 470002

,KIPP FOUNDATION

RICHARD GREEN COO345 SPEAR STREET, SUITE 510 40.00SAN FRANCISCO, CA 94105

TOTALS INCLUDED ON 990 -PF, PAGE 6, PART VIII

94-3362724

185,945. 0. 0.

580,059. 10,962. 0.

FORM 990-PF PART XV - LINE 1A STATEMENT 16LIST OF FOUNDATION MANAGERS

NAME OF MANAGER

DONALD G. FISHERDORIS F. FISHER

FORM 990-PF GRANTS AND CONTRIBUTIONS STATEMENT 17PAID DURING THE YEAR

RECIPIENT RECIPIENTRECIPIENT NAME AND ADDRESS STATUS PURPOSE OF GRANT RELATIONSHP AMOUNT

KIPP ACADEMY OF OPPORTUNITY 501(C)(3) EDUCATION GRANTEE 250,847.7019 S. VAN NESS AVENUE,LOS ANGELES, CA 90047

KIPP NOW ACADEMY 501(C)(3) EDUCATION GRANTEE 7,498.3000 TRULLEY ST, HOUSTON,TX 77004-1743

THE KIPP: METRO ATLANTACOLLABORATIVE80 JOSEPH E. LOWERY BLVD.,ATLANTA, GA 30314

KIPP STAR COLLEGEPREPARATORY

433 W. 123RD STREET, NEWYORK, NY 10027-5002

501(C)(3) EDUCATION

501(C)(3) EDUCATION

501(C)(3) EDUCATION

GRANTEE

GRANTEE

16,505.

KIPP PRIDE HIGH SCHOOL320 PLEASANT HILL ROAD,GASTON, NC 37832-9511

64,200.

GRANTEE 195,120.

27 STATEMENT (S) 15, 16, 1717500512 758661 47000 2005.09001 KIPP FOUNDATION 470002

tIPP FOUNDATION

KIPP-INC. 501(C)(3) EDUCATION10711 KIPP WAY, HOUSTON, TX77099-2675

KIPP DC: KEY ACADEMY 501(C)(3) EDUCATION910 17TH ST. NW, SUITE1050, WASHINGTON, DC 20006

KIPP HEARTWOOD ACADEMY 501(C)(3) EDUCATION1250 S. KING ROAD, SANJOSE, CA 95122-2146

KIPP LEAD COLLEGE 501(C)(3) EDUCATIONPREPARATORY CHARTER SCHOOL150 WEST 15TH AVENUE, GARY,IN 46407

KIPP REACH1901 NE 13TH STREET,OKLAHOMA CITY, OK73117-3613

501(C)(3) EDUCATION

KIPP GASTON COLLEGE 501(C)(3) EDUCATIONPREPARATORY320 PLEASANT HILL ROAD,GASTON, NC 37832-9511

KIPP BAYVIEW ACADEMY 501(C)(3) EDUCATION1060 KEY AVENUE, SANFRANCISCO, CA 94124-3563

KIPP LA COLLEGE PREP 501(C)(3) EDUCATION1855 NORTH MAIN STREET, LOSANGELES, CA 90031-3227

KIPP ADELANTE COLLEGE PREP 501(C)(3) EDUCATION1475 SIXTH AVENUE, 2NDFLOOR, SAN DIEGO, CA 92115

KIPP SUMMIT ACADEMY 501(C)(3) EDUCATION2005 VIA BARRETT, SANLORENZO, CA 94580-1315

94-3362724

GRANTEE 260,000.

GRANTEE 133,271.

GRANTEE 143,782.

GRANTEE

6,025.

GRANTEE 225,000.

GRANTEE

79,450.

GRANTEE 121,989.

GRANTEE 371,371.

GRANTEE 104,560.

GRANTEE 58,887.

28 STATEMENT(S) 1717500512 758661 47000 2005.09001 KIPP FOUNDATION 470002

KIPP FOUNDATION

r '

KIPP BRIDGE ACADEMY 501(C)(3) EDUCATION991 14TH STREET, OAKLAND,CA 94607-3230

KIPP WAYS ACADEMY 501(C)(3) EDUCATION80 JOSEPH E. LOWERY BLVD.,ATLANTA, GA 30314

KIPP ACADEMY FRESNO 501(C)(3) EDUCATION2445 WEST DAKOTA AVENUE,FRESNO, CA 93705-2611

KIPP DC 501(C)(3) EDUCATION910 17TH ST. NW, SUITE1050, WASHINGTON, DC 20006

KIPP DC: AIM ACADEMY 501(C)(3) EDUCATION910 17TH ST. NW, SUITE1050, WASHINGTON, DC 20006

KIPP ASCEND CHARTER SCHOOL 501(C)(3) EDUCATION715 S. KILDARE AVENUE,CHICAGO, IL 60624

KIPP PHILADELPHIA CHARTER 501(C)(3) EDUCATIONSCHOOL

2709 NORTH BROAD STREET,4TH FLOOR, PHILADELPHIA, PA19132-2722

KIPP AUSTIN COLLEGE PREP 501(C)(3) EDUCATION8509 FM 969, BUILDING C,AUSTIN, TX 8724-5720

KIPP HOUSTON HIGH SCHOOL 501(C)(3) EDUCATION10711 KIPP WAY, HOUSTON, TX77099-2675

KIPP ASHEVILLE YOUTHACADEMY90 MONTFORD AVENUE,ASHEVILLE, NC 28801

501(C )(3) EDUCATION

94-3362724

GRANTEE 105,249.

GRANTEE 129,582.

GRANTEE 85,852.

GRANTEE 125,000.

GRANTEE 110,155.

GRANTEE 99,712.

GRANTEE

130,963.

GRANTEE 142,657.

GRANTEE 110,000.

GRANTEE57,885.



•

KIPP SUNSHINE PEAK 501(C)(3) EDUCATION GRANTEE 56,591.375 S. TEJON STREET,DENVER, CO 80223

KIPP SF BAY ACADEMY 501(C)(3) EDUCATION GRANTEE 75,488.1430 SCOTT STREET, SANFRANCISCO, CA 94115-3510

KIPP ACHIEVE COLLEGE 501(C)(3) EDUCATION GRANTEEPREPARATORY 63,292.1757 MARY DELL DRIVE,ATLANTA, GA 30316

KIPP SAC PREPARATORY 501(C)(3) EDUCATION GRANTEE 15,030.7485 RUSH RIVER DRIVE,SUITE 710, PMB 121,SACRAMENTO, CA 95831

TEAM ACADEMY: A KIPP 501(C)(3) EDUCATION GRANTEESCHOOL 14,590.85 CUSTER AVENUE, NEWARK,NJ 07112

KIPP CHICAGO YOUTH VILLAGE 501(C)(3) EDUCATION GRANTEEACADEMY 67,154.2710 SOUTH DEARBORN, 2NDFLOOR, CHICAGO, IL 60616

FREEDOM ACADEMY 501(C)(3) EDUCATION GRANTEE 8,150.1400 COLLINGS ROAD, CAMDEN,NJ 08104

KIPP DIAMOND ACADEMY 501(C)(3) EDUCATION GRANTEE 16,300.2109 HOWELL, MEMPHIS, TN38108

KIPP SANKOFA CHARTER SCHOOL 501(C)(3) EDUCATION GRANTEE 32,150.140 CENTRAL PARK PLAZA,BUFFALO, NY 14214-2235

KIPP ACADEMY NY 501(C)(3) EDUCATION GRANTEE 50,000.250 EAST 156TH STREET,RM.418, NEW YORK, NY10451-4722


a

:KIPP FOUNDATION

V

KIPP HARBOR ACADEMY 501(C)(3) EDUCATION135 STENEY LANE, EDGEWATER,MD 21037

KIPP UJIMA VILLAGE ACADEMY 501(C)(3) EDUCATION4701 GREENSPRING AVE, RM.115,•BALTIMORE, MD21209-4704

KIPP SOUTH FULTON ACADEMY 501(C)(3) EDUCATION1286 EAST WASHINGTONAVENUE, EAST POINT, GA30344

KIPP ACADEMY NASHVILLE 501(C)(3) EDUCATION123 DOUGLAS AVENUE,NASHVILLE, TN 37207-5155

KIPP DELTA COLLEGE 501(C)(3) EDUCATIONPREPARATORY215 CHERRY STREET, HELENA,AR 72342-3503

KIPP ACADEMY LYNN 501(C)(3) EDUCATION25 BESSOM STREET, LYNN, MA01902-1204

KIPP INDIANAPOLIS COLLEGE 501(C)(3) EDUCATIONPREPARATORY1740 EAST 30TH STREET,INDIANAPOLIS, IN 46218-2605

KIPP TULSA COLLEGE 501(C)(3) EDUCATIONPREPARATORY1661 E. VIRGIN STREET,TULSA, OK 74106-5552

KIPP A.M.P. ACADEMY 501(C)(3) EDUCATION250 EAST 156TH STREET,RM.418, NEW YORK, NY10451-4722

3117500512 758661 47000 2005.09001 KIPP FOUNDATION

94-3362724

GRANTEE 24,478.

GRANTEE 49,871.

GRANTEE 74,200.

GRANTEE 36,266.

GRANTEE

67,910.

GRANTEE 50,000.

GRANTEE

GRANTEE

39,762.

25,000.

GRANTEE 25,000.

STATEMENT(S) 17

470002

KIPP FOUNDATIONt

94-3362724

KIPP INFINITY CHARTER 501(C)(3) EDUCATION GRANTEE

SCHOOL 25,000.625 WEST 133RD STREET, 3RDFLOOR, NEW YORK, NY10027-7303

KIPP DIAMOND ACADEMY 501(C)(3) EDUCATION GRANTEE 2,107.2109 HOWELL, MEMPHIS, TN38108

KIPP REACH 501(C)(3) EDUCATION GRANTEE 1,757.1901 NE 13TH STREET,OKLAHOMA CITY, OK73117-3613

KIPP SOUTH FULTON ACADEMY 501(C)(3) EDUCATION GRANTEE 2,186.

1286 EAST WASHINGTONAVENUE, EAST POINT, GA30344

KIPP UJIMA VILLAGE ACADEMY 501(C)(3) EDUCATION GRANTEE 943.

4701 GREENSPRING AVE, RM.

115, BALTIMORE, MD

21209-4704

KIPP HEARTWOOD ACADEMY 501(C)(3) EDUCATION GRANTEE 6,220.

2100 KAMMERER AVENUE, SANJOSE, CA 95116

TOTAL TO FORM 990-PF, PART XV, LINE 3A 3,965,005.

32 STATEMENT(S) 17

17500512 758661 47000 2005.09001 KIPP FOUNDATION 470002

Form, 8868' (Rev. December 2004)

Department of the TreasuryInternal Revenue Service

Application for Extension of Time To File anExempt Organization Return

► File a for each return.

OMB No. 1545.1709

• If you are filing for an Automatic 3-Month Extension , complete only Part I and check this box .. . ► [^]X

• If you are filing for an Additional (not automatic) 3-Month Extension , complete only Part II (on page 2 of this form).

Do not complete Part 11 unless you have already been granted an automatic 3-month extension on a previously filed Form 8868.

Part f Automatic 3-Month Extension of Time - Only submit original (no copies needed)

Form 990-T corporations requesting an automatic 6-month extension - check this box and complete Part I only _ ... ► E^J

All other corporations (including Form 990-C filers) must use Form 7004 to request an extension of time to file income taxreturns . Partnerships, REMICs, and trusts must use Form 8736 to request an extension of time to file Form 1065, 1066, or 1041.

Electronic Filing (e-file). Form 8868 can be filed electronically if you want a 3-month automatic extension of time to file one of the returns notedbelow (6 months for corporate Form 990-T filers). However, you cannot file it electronically if you want the additional (not automatic) 3-monthextension, instead you must submit the fully completed signed page 2 (Part II) of Form 8868. For more details on the electronic filing of this form,visit www.irs.gov/efile.

Type or

print

File by the

due date for

filing your

return See

instructions

Name of Exempt Organization Employer identification number


Number, street , and room or suite no . If a P.O . box, see instructions.345 SPEAR STREET, NO. 510

City, town or post office , state , and ZIP code . For a foreign address , see instructions.SAN FRANCISCO, CA 94105-1657

Check type of return to be filed (file a separate application for each return):

El Form 990 = Form 990-T (corporation ) 0 Form 4720

Form 990-BL Form 990-T (sec . 401 (a) or 408(a) trust) 0 Form 5227

Q Form 990-EZ Form 990-T (trust other than above) Form 6069

FX1 Form 990-PF Form 1041-A Form 8870

• The books are in the care of ► MARIE WASHINGTONTelephone No. ► 415-399-1556 FAX No. ►

• If the organization does not have an office or place of business in the United States , check this box. ►• If this is for a Group Return , enter the organization ' s four digit Group Exemption Number (GEN) . If this is for the whole group , check this

box ► = . If it is for part of the group , check this box ►0 and attach a list with the names and EINs of all members the extension will cover.

1 I request an automatic 3-month (6-months for a Form 990-T corporation) extension of time until FEBRUARY 15, 2007

to file the exempt organization return for the organization named above. The extension is for the organization 's return for:

►= calendar yearor

► OX tax year beginning JUL 1, 2005 , and ending JUN 30, 2006

2 If this tax year is for less than 12 months , check reason : = Initial return 0 Final return Change in accounting penod

3a If this application is for Form 990-BL , 990-PF, 990-T, 4720, or 6069 , enter the tentative tax, less any

nonrefundable credits. See instructions .. _. _ $ 0.

b If this application is for Form 990-PF or 990-T, enter any refundable credits and estimated

tax payments made. Include any prior year overpayment allowed as a credit . . . . S 0.

c Balance Due. Subtract line 3b from line 3a. Include your payment with this form, or, if required, deposit with FTD

coupon or, if required , by using EFTPS ( Electronic Federal Tax Payment System). See instructions 0.

Caution . If you are going to make an electronic fund withdrawal with this Form 8868, see Form 8453-EO and Form 8879-EO for payment instructions.

LHA For Privacy Act and Paperwork Reduction Act Notice, see instructions.

52383105-01-05

13061110 758661 47000 2005.06000 KIPP FOUNDATION

Form 8868 (Rev 12-2004)

47000 2

Form 8868 (Rev. 12-2004) Page 2

-+ It you are filing for an Additional (not automatic) 3-Month Extension , complete only Part II and check this box ...•• ....................... ► EK]

Note : Only complete Part II if you have already been granted an automatic 3-month extension on a previously filed Form 8868.

• If you are filing for an Automatic 3-Month Extension , complete only Part I (on page 1).

Part-'Il: Additional (not automatic) 3-Month Extension of Time - Must file Original and One Copy.

Name of Exempt Organization Employer identification numberType or

printIPP FOUNDATION

'- --94-3362724

File by theextended Number, street, and room or suite no. If a P.O box, see instructions.

• ^^-For IRS use only

due date far 3 4 5 SPEAR STREET , NO. 510 •-'^'''^'`filing thereturn see City, town or post office, state, and ZIP code. For a foreign address, see instructions.

; • - 4 -InstructionsSAN FRANCISCO , CA 94105-1657

- s 1 "^ ;;;j -' ..

Check type of return to be filed (File a separate application for each return):

El Form 990 0 Form 990-FZ 0 Form 990-T (sec. 401(a) or 408(a) trust) 0 Form 1041-A 0 Form 5227 0 Form 8870

Q Form 990-BL ® Form 990-PF El Form 990-T (trust other than above) E] Form 4720 Q Form 6069

STOP: Do not complete Part II if you were not already granted an automatic 3-month extension on a previously filed Form 8868.

• The books are in the care of ► MARIE WASHINGTONTelephone No ► 415-399-1556 FAX No. ►

• If the organization does not have an office or place of business in the Unrted States , check this box .• ,,. „ ..,• ... •, ,•,• ....... .... . ... .1 El

• If this is for a Group Return , enter the organization 's four digit Group Exemption Number (GEN) . If this is for the whole group , check this

box ► El If it is for part of the group , check this box ►0 and attach a list with the names and EINs of all members the extension is for.

4 I request an additional 3-month extension of time until MAY 15 , 2007

5 For calendar year , or other tax year beginning JUL 1, 2005 and ending JUN 30, 2006

6 If this tax year is for less than 12 months, check reason : ED Initial return El Final return El Change in accounting period

7 State in detail why you need the extension

THE TAXPAYER 'S AFFAIRS ARE QUITE COMPLEX , AND ADDITIONAL TIME IS NEEDED

TO PREPARE A COMPLETE AND ACCURATE RETURN.

8a If this application is for Form 990-BL, 990-PF , 990-T, 4720 , or 6069 , enter the tentative tax, less anynonrefundable credits . See instructions

If this application is for Form 990-PF, 990-T, 4720, or 6069 , enter any refundable credits and estimatedtax payments made . Include any prior year overpayment allowed as a credit and any amount paidpreviously with Form 8868

c Balance Due. Subtract line 8b from line 8a. Include your payment with this form, or, If required, deposit with FTDcoupon or. if required. by usmo EFTPS (Electronic Federal Tax Payment System) See instructions - - - . - .-... $ 0.

Signature and VerificationUnder penalties of perjury, I declare that I have examined this form, including accompanying schedules and statements, and to the best of my knowledge and belief,it is true, correct, and complete, and that I am authorized to prepare this form. J

Notice to Applicant - To Be Completed by the IRS

D We have approved this application . Please attach this form to the organization's return.

D We have not approved this application However , we have granted a 10-day grace period from the later of the date shown below or the due

date of the organization 's return (i ncluding any prior extensions) This grace period is considered to be a valid extension of time for elections

otherwise required to be made on a timely return . Please attach this form to the organization ' s return.

0 We have not approved this application After considering the reasons stated in Item 7 , we cannot grant your request for an extension of time to

file. We are not granting a 10-day grace period.

0 We cannot consider this application because it was filed after the extended due date of the return for which an extension was requested.

Other

BYDateDirector

Alternate Mailing Address - Enter the address If you want the copy of this application for an additional 3-month extension returned to an address

different than the one entered above.

Name

HOOD & STRONG LType I Number and street (include suite , room, or apt. no.) or a P.O. box numberorprint 60 SPEAR STREET. SUITE 400

City or town , province or state, and country (including postal or ZIP code)

SAN FRANCISCO. CA 94105Form 8868 (Rev. 12-2004)

12030212 758661 47000 2005.08010 KIPP FOUNDATION 470002

990-pf return ofprivate foundation form`

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