fom,990-pf return of private foundation treated...

134
EXTENSION ATTACHED Fom,990-PF Return of Private Foundation OMA No 1545 0052 or Section 4947(a)(1) Nonexempt Charitable Trust Department ofiheTreasury Treated as a Private Foundation 098 Internal Rev enue Service Note The or enrzebon ma y be able ro use a co of tMs return to sa state re rtn r vemertts ' ;-or calendar ear 1998 or tax ear beg innin g ' 11101 , 1998, and ending 10 / 3 1 99 Name of organorsLOn A Employer Identification number Use thelRS HE WIL L I AM DO N FOUNDATIO N . INC 23-1611346 Otherwisq Number and street (or P O box number if mail is not delivered to street address) Room/suite B 7eiepnone number (see page s of please pnrtt the instruamns) or type. See Specific 500 F IF T H AVEN UE 112 3 0 ( 212 ) 719-9290 Instructions City or town, state, and ZIP r 4 C It exemption application e ~ ~ peMtrp cnKR non /-f D 1 For .lpn apamamro chica here 10010 x organization . Imo m . esx inn ~ ch .ck he, . and ~ mmpe7Om H Check type of organ¢ahon Section 501(c 3 exempt private foundation E P , r,ura.mn statue Section a947 ( a )( 1 ) nononexempt charhab~etrust Other taxable nvate foundaUOn ne.r+,cewn w7(eK,xa) ~+~h" . " a I Fair market value of assets at end J Accounting method U Cash ~J Accrual F ,f w lo- o of year (!turn Part 1l, col (c), line ~ Other (specify) under unction smtex,xs~ Cnexx n ... 16 . 162, 9 82,2 5 4, (Part l, column (d) must be on cash basis ) c n,ear . cn,r, rn*n. .. Analysis of Revenue and Expenses (a) Revenue and (d) Disbursements (The total of amount in columns (b), (c), and (b) Net Investment (c) Adjusted net (or charitable (d) may not necessanly equal the emourrts m expenses per income income purposes column a) see age 9 o/themsbuc6ons 1 books cash bass on 1 C~nmwoom Geo W+ne etc nice,we Ima cn~aulsl 1 4 , 0 4 9 , 20 7 I Ma 1 2 Contributions from spin-interest trade 3 interest on savings; and temporary cash investments 3 2 740 7 327 ,4 07 4 Dividends and interest from securities; 591 , 68 2 59 1 .6 82 , 5a Gross rents " - b (Net rental ufcwrre or Qos9) ) ' 6 Net gain or (loss) from sale of easels nix on line 10 3 7 741 , 270 . ' 7 Capital gain net income (from Part N, line 2) 3 7 ` .2 70 8 Net short-term capital gain m 9 Income modifications 10a Grams sale less returns and allotivances b Lets Cast d goods sold , 4it -&-M . c Gross profit or (loss) (attach schedule) CIA 1 other income (attach schedule) STMT 2 1 ' t 72 Total Add lines 1 throu gh 11 5 3 8 38, 66 0 ^' ^ 13 Compensation orotticers aireaors,uvstees .etc , 2 02 , 311 2 02 . 3 1 1 ^ to Other employee salannsanevrayes , 379 847 29 08 50 739 1 6 Pension plans, employee benefits 104 , 530 5 ,2 27 99 , 303 , tsa Legal lees (attach schedule) , , 46 554 46 041 . 00 513 . b Accounting fees (atmrhsthedule) 64 , 763 20 , 346 . 44 , 4 1 7 . c other professional fees (attach sc1,ai1R11T 3 936 766 923 930 . 12 . 836 °+ 17 Interest . . . °,e Texas (attach schedule) ( . page 1zerehS;EAdTc .e 376 864 . 658 . NONE 0 19 Depreciation (attach schedule) and depletion 18 951 NON E 20 Occupancy _ , 72 582 3 629 68 953 X27 Travel,eonferences,andmeetings 103 545 5 177 93 368 Q~ E 22 Printing and publications 23 Other expenses (attach uhedule)STMT . 5 0 5 9 ~°3 ~ 24 Total operating and administrative expenses m Add lines l3through 23 , 2 , 61 5, 28 4 . 1 . 039 . 711 1 , 175 , 416 , y~ ji 25 Contributions, gifts, grants paid 2,786,085, 6,550,937, °o 26 Total expenses and disbursements Add hoes ~gs 24and25 5 . 401 1 369 . 1^03'9 711 . 7 , 726 , 353 ." 1~~1 37 Subtract line 26 horn tine 12 a Excess of revenue over expenses and disbursements . . 47 3 12 .47 3 .1 b Net investment income (f negative, enter-0-) c AA usted net income ( if n egative, enter -0-) 'S" For Paperwork Reduction Act Notice, see the mistruetbns. Farm 990-PF (~ q, 1EI-101o0 56C04L E299 06/07/2000 09 39 19 V8 09 01 ~ 1

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Page 1: Fom,990-PF Return of Private Foundation Treated 098990s.foundationcenter.org/990pf_pdf_archive/231/...X27 Travel,eonferences,andmeetings 103 545 5 177 93 368 Q~ E 22 Printing and publications

EXTENSION ATTACHED Fom,990-PF Return of Private Foundation OMA No 1545 0052

or Section 4947(a)(1) Nonexempt Charitable Trust Department ofiheTreasury Treated as a Private Foundation 098 Internal Revenue Service Note The or enrzebon may be able ro use a co of tMs return to sa state re rtn r vemertts

' ;-or calendar ear 1998 or tax ear beginning ' 11101 , 1998, and ending 10 / 3 1 99 Name of organorsLOn A Employer Identification number

Use thelRS

HE WIL L I AM DO N FOUNDATION . INC 23-1611346 Otherwisq Number and street (or P O box number if mail is not delivered to street address) Room/suite B 7eiepnone number (see page s of please pnrtt the instruamns)

or type. See Specific 500 F IF TH AVENUE 112 3 0 ( 212 ) 719-9290 Instructions City or town, state, and ZIP r 4 C It exemption application e ~ ~

peMtrp cnKR non /-f

D 1 For.lpn apamamro chica here

10010 x organization.. Imo m. esx inn ~ ch .ck he,. and ~ mmpe7Om

H Check type of organ¢ahon Section 501(c 3 exempt private foundation E � P���, r,ura.mn statue Section a947 (a )( 1 ) nononexempt charhab~etrust Other taxable nvate foundaUOn �ne.r+,cewn w7(eK,xa) ~+~h". "a

I Fair market value of assets at end J Accounting method U Cash ~J Accrual F ,f w� ��������� lo-���o������� of year (!turn Part 1l, col (c), line ~ Other (specify) under unction smtex,xs~ Cnexx n ...

16 . 162, 982,2 5 4, (Part l, column (d) must be on cash basis ) c n,ear.� cn,r, rn*n. .. Analysis of Revenue and Expenses (a) Revenue and (d) Disbursements (The total of amount in columns (b), (c), and (b) Net Investment (c) Adjusted net (or charitable (d) may not necessanly equal the emourrts m expenses per

income income purposes column a) see age 9 o/themsbuc6ons 1 books cash bass on

1 C~nmwoom Geo W+ne etc nice,we Ima cn~aulsl 1 4 , 0 4 9 , 2 0 7 I Ma 1

2 Contributions from spin-interest trade 3 interest on savings; and temporary cash investments 327407 327 ,4 07 4 Dividends and interest from securities; 591 , 68 2 59 1 .6 82 , 5a Gross rents " - b (Net rental ufcwrre or Qos9) ) '

6 Net gain or (loss) from sale of easels nix on line 10 3 7 741 , 270 . ' 7 Capital gain net income (from Part N, line 2) 3 7 ` .2 70 8 Net short-term capital gain

m 9 Income modifications

10a Grams sale less returns and allotivances

b Lets Cast d goods sold ,4it -&-M .

c Gross profit or (loss) (attach schedule) CIA

1 other income (attach schedule) STMT 2 1 ' t

72 Total Add lines 1 through 11 5 3 8 38, 66 0 ^' ^ 13 Compensation orotticers aireaors,uvstees .etc , 2 02 , 311 2 02 . 3 1 1 ^ to Other employee salannsanevrayes , 379 847 29 08 50 739 1 6 Pension plans, employee benefits 104 , 530 5 ,2 27 99 , 303 , tsa Legal lees (attach schedule) , , 46 554 46 041 . 00 513 . b Accounting fees (atmrhsthedule) 64 , 763 20 , 346 . 44 , 4 1 7 . c other professional fees (attach sc1,ai1R11T 3 936 766 923 930 . 12 . 836

°+ 17 Interest . . . °,e Texas (attach schedule) ( .� page 1zerehS;EAdTc .e 376 864 . 658 . NONE 0 19 Depreciation (attach schedule) and depletion 18 951 NON E

20 Occupancy _ , 72 582 3 629 68 953 X27 Travel,eonferences,andmeetings 103 545 5 177 93 368

Q~ E 22 Printing and publications

23 Other expenses (attach uhedule)STMT. 5 0 5 9 ~°3 ~ 24 Total operating and administrative expenses

m Add lines l3through 23 , 2 , 61 5, 28 4 . 1 . 039 . 711 1 , 175 , 416 , y~ ji 25 Contributions, gifts, grants paid 2,786,085, 6,550,937, °o

26 Total expenses and disbursements Add hoes ~gs

24and25 5 . 401 1 369 . 1^03'9 711 . 7 , 726 , 353 ." 1~~1 37 Subtract line 26 horn tine 12

a Excess of revenue over expenses and

disbursements . . 47 3 12 .47 3 .1 b Net investment income (f negative, enter-0-) c AA usted net income ( if negative, enter -0-)

'S" For Paperwork Reduction Act Notice, see the mistruetbns. Farm 990-PF (~ q, 1EI-101o0 56C04L E299 06/07/2000 09 39 19 V8 09 01 ~ 1

Page 2: Fom,990-PF Return of Private Foundation Treated 098990s.foundationcenter.org/990pf_pdf_archive/231/...X27 Travel,eonferences,andmeetings 103 545 5 177 93 368 Q~ E 22 Printing and publications

JSA 8E1420 1 000

56C04L E299 07/31/2000 15 :48 :45 V8 .09 01

Attached schedules and amounts in the Balance Sheets descripti on column should be for _.N �

1 Cash - non-interestbeanng

2 Savings and temporary cash investments

7 Accounts receivable t

Less allowance for doubtful accounts

d Pledges receivable

Less allowance for doubtful accounts t

5 Grants receivable

6 Recervables due from officers, directors trustees, and other

disqualified persons (attach schedule) (see page to of the instructions)

7 Other notes and loans receivable (attach schedule) 1 x d Less allowance for doubtful accounts N

8 Inventories for sale or use Q

9 Prepaid expenses and deferred charges

10 a investments U S and stare government obligations (att1%T*Tduir%

e investments - corporate stock (attach schedule) STMT 7 c Investments - corporate bonds (attach schedule)

11 investments land buildings and equipment basis -------------------Less accumulated depreciation (attach schedule) -------------------

12 Investments - mortgage loans

13 Investments - other (attach schedule) ,STMT 14 Land buildings and

equipment basis ________ Less accumulated depreciation 1 '; 4 ~ 7 3 3 (attach ----------- 1---

15 Other assets (descnbe ll~ ___----yS:Ni_9______)

16 Total assets (to be completed by all filers -see page 15 0(

17 Accounts payable and accrued expenses

18 Grants payable

19 Deferred revenue

20 Loans from officers directors trustees and other disqualified persons

21 Mortgages and other notes payable (attach schedule)

22 Other liabilities (descnbe 11~ _ _ _ _-_ STMT- JA ---- )

Organizations that follow SFAS 117, check here " Lxf and complete lines 24 through 26 and lines 30 and 31

24 Unrestricted

25 Temporarily restricted

26 Pemnanently restricted Organizations that do not follow SFAS 117,

check here and complete lines 27 through 31 0. 27 Capital stock, trust pnncipal, or cument funds

ZB Paid-in or capral surplice of Land poll; and equipment fund

29 Retained aamings accumulated inwrt)e endowment or other funds

30 Total net assets or fund balances (see page 16 0( we

instructions)

31 Total liabilities and net assets/fund balances (see page 16 of

Analysis of Changes in Net Assets or Fund Balances

t 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 poor years return)

z Enter amount horn Part 1, line 27a a Other increases not included in line 2 (Itemize) "______ $EE_ STAT_E_MENT _1 1___________ a Add lines 1, 2 and 3 , 5 Decreases not included in line 2 (itemize)

Page 3: Fom,990-PF Return of Private Foundation Treated 098990s.foundationcenter.org/990pf_pdf_archive/231/...X27 Travel,eonferences,andmeetings 103 545 5 177 93 368 Q~ E 22 Printing and publications

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

la SEE PART IV SCHEDULE - S!F S~a-tm=NT I(., b e d e

(e) Gross sale price (f) Depreciation allowed (B) Cost or other basis (or allowable) plus expense of ale

a

ain in column h) and owned b the foundation on 12/31/69 (1) Adjusted basis (k) Excess of cod (0 as of 12/31/69 over col 0), it any

(I) Gains (Col (h) gain minus col (k), but not less than -0-) or

Losses (from col (h)) (I) F M V as of 121/69

If gain, also enter in Part I, line 7 2 Capital gain net income or (net capital loss) { If (loss), enter-0. in Part I, line 7 3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6) 1

If gain, also enter in Part I, line 8, column (c) (see pages 11 and 16 of the instructions) . y If (loss) enter- in Part I line 8 " " " " " " " "

subject to the section 4940(a) tax on net investment income )

If sec4on 4940(d)(2) applies, leave this part blank

8 Enter qualifying distributions from Part XII, line 4 1 8 1 7 , 726 , 353 if tine 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part uang a 1% tax rate See

JyA the Part VI instructions on page 16 eE14'°'°°° 56C04L E299 06/07/2000 09 :39 :19 V8 09 01

Complete onlv far

(b) HM (c) Date I

aAul ac9uired I (d) D.

~_r...,.r .., t (mo . daY, n 1 (mo . d.

(h) Gain or (loo) (e) Plus (n minus (9)

(For optional use by domestic private

Was the organization liable for the section 4942 tax on the disfibutable amount of any year in the base penod? , , F-] Yes O No If "Yes," the organization does not qualify under section 4940(e) Do not complete this part

1 Enter the appropriate amount in each column for each year, see page 16 of the instructions before making any entries

1-1 Base penod yews Calendar year (b) (c) Dislnbution ratio

(or tax r irni in) Adjusted qualifying di5tributrors Net ralue of nonchattao._ __ assets col b dmded w 1997 ~ 5 .930 .428 .E

111 - oil .234 .E 0 .0534.

1996 4 .791 .221 . .349 0 .04861 1995 d 702 .376 96 742 97R . O .OdRdI

2 Total of line 1, column (d) . . . . . . . . . . . . , . . . , . I 2 3 Average distribution ratio for the 5-year base penod-divide the total an line 2 by 5, or by

the number of years the foundation has been m existence d less than 5 years , ,

4 Enter the net value of nonchantable-use assets for 1998 from Part X, fine 5 , , , 1 4

S Multiply line 4 by line 3 , , , _ , , ,

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

7 Add lines 5 and 6 . . . , , . . 1 7

Page 4: Fom,990-PF Return of Private Foundation Treated 098990s.foundationcenter.org/990pf_pdf_archive/231/...X27 Travel,eonferences,andmeetings 103 545 5 177 93 368 Q~ E 22 Printing and publications

1 37 6 0

7 a Exempt operating foundations described in section d940(d)(2), check here " U and enter "N/A" on line 1

Date of ruling letter _ _ _ _ _ _ _ _ _ (attach copy of ruling letter if necessary -sec instructions)

b Domestic or an¢ations that meet the section 4940(e) requirements in Part V, check

here " and enter 1 % of Part I, line 27b

c All other domestic organizations, enter 2'6 of line 27b Exempt foreign organizations enter 4°,6 of line 12b

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

3 Add lines 7 and 2 . .

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

5 Tax based an investment incomes Subtract line 4 from line 3 I( zero w less enter -0-

6 Credits/Payments

a 1998 estimated tax payments and 7997 overpayment credited to 1998 6a 620

In Exempt foreign organizations - tax withheld at source 6b,

c Tax paid with application for extension of time to file (Forth 2758) 6e

d Backup withholding erroneously withheld so

7 Total credits and payments Add lines 6a through 6O

e Enter any PENALTY for underpayment of estimated tax. Check here O if Form 2220 is attached

9 TAX DUE If the total of tines 5 and B is more than line 7, enter AMOUNT OWED

10 OVERPAYMENT II line 7 is more than the total of lines 5 and B, enter the AMOUNT OVERPAID

7 6 ' 0008

" 9

I-,0 243 .794 .

56C04L E299 06/07/000 099 19 V8 09 01

on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948 -

t a During the tax year, did the organization attempt to influence any national, state, or tocs! legislation or did Yes No

it participate or intervene in any political campaign? _ . 1 a

b Did it spend more than E700 during the year (either directly or indirectly) for political purposes (see page

17 of the instructions (or definition)? 1 b

If the answer is 'Yes' !0 1 a or 1 b, attach a detailed description o/ the ac6vrties and copies o1 arry mafmals

published or distributed by Me organization in connection w7lh the acfm6es

c Did the organization file Form 1120-0OL for Mis yeah _ _ 1 e

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

(1) On the organization 1 E (2) On organization managers " $ � ,.

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

an organization managers 1 $

Y Has the organization engaged in any activities that have not previously been reported to the IRS 2

1/ 'Yes,' attach e detailed description d the ac6vr6ac -- "

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? It -Yes,' attach a conformed copy a! the changes S E~ t $`F~"i~ME^T~

4 a Did the organization have unrelated business gross income of $1,000 or more during the year? 4a X b II "Yes; has it filed a tax retain on Form 990-T for this year? 4b N A

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

If -Yes,' attach the statement ragweed by General Irutruc6m 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 w 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? If 'Yes,' complete Part ll, cd (c), and Part XV , 7 X

B a Enter the states to which the foundation reports or with which it is registered (see page 18 0l the

instructions) "NE_W_ YOR_IC----------------------------------------------------------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 slate as required by General Instruction G7 If 'No.' attach explanation 8 b� ^

9 Is the organization claiming status as a private operating foundation within the meaning of section 4962(3) ,.

or 4942Q)(5) for calendar year 1998 or the taxable year beginning in 1998 (see insfrucnons for Part XIV on page 23)7 M 'Yes,' complete PaRXIV 9

10 Did any persons become substantial contributors during the tax year? C"Yrs 'attach a schedule lrs6rg their names crud ac&TUT 1 2 10 71 a Did anyone request to see either the organizations annual return or its exemption application (or both)') I l a

b If "Yes,' did the organization comply pursuant to the ins4vc4ons? (See General Instruction D ) tz rnenooksarev,mreot p~_L_E_01_JA__D__PERL_SO_N__=_FI_N___0_F_F_I_CER______ rdePhoneno ~___J_2_1_2_1_7_1_9=92_9_0____

Located at ~ 500__5_T_FI -AVE, IJE_W_yORK_,_NY________________ aP"< t ________1_0_1]Q 73 Section 4947(a)(1) nonexempt charitable Mots fi0ng Forth 990.PF in lieu of Form 1041 _ Check here "II

and enter the amount of tax-a:emot interest received or accrued during the year 13

!E tarp 2000

Page 5: Fom,990-PF Return of Private Foundation Treated 098990s.foundationcenter.org/990pf_pdf_archive/231/...X27 Travel,eonferences,andmeetings 103 545 5 177 93 368 Q~ E 22 Printing and publications

File Form 4720 if any hem is checked in the "Yes" column, unless an exception applies 1 Self-dealing (sec4on 4941) a 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 No

(Z) Borrow money from, lend money to, or otherwise extend credit to (or accept R from)

a disqualified person? Yes No

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified persanl Yes No

(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)? _ a Yes ~ 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, it terminating within 90 days ) ~ Yes 1FV-1 No

b If any answer is "Yes' to ta(t)-(6), did ANY of the acts fail to quality under the exceptions described in

Regulations section 53 4941(d)-3 or in a current notice regarding disaster assistance (see gape 18 of the

instructions)

Organizations relying on a current notice regarding disaster assistance check here

c Did the organization engage in a poor year in any of the acts descnbed in la, other than excepted acts,

that were not cortected before the first day of the tax year beginning in 19987

2 Taxes on failure to distribute income (section 4942) (does not apply (or years the organization

was a private operating foundation defined in section 4942Q)(3) or 4942Q)(5))

a At the end of the tax year 1998, did the organization have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 19987 _ E Yes F I No

Il"Yes ;'list theyears X79__--__ 19-____-_ 19______ 19

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 valuation of assets) to the years undistributed incomes (If applying section 4942(a)(2)

to ALL years listed, answer 'NO" and attach statement - see page 18 of the instructions ) c If the provisions of action 4942(a)(2) are being applied to ANY of we years listed in 2a, list the years here

1, 19--____-- 19 19--__-- 19

3 Taxes on excess business holdings (section 494.3)

a Did the organization hold more than a 2°.6 direct or indirect interest in any business

enterprise at any time during the yeaO _ ~ Yes JFAV7 No

b If -Yes," did it have excess business holdings m 1998 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, !o determine

if the organization had excess business holdings in 1998) 4 Taxes on investments that jeopardize charitable purpose (section 4944)

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

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 1998

5 Taxes an taxable expenditures (section 4945) and political expendRures (section 4955)

a 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))7 , ~ Yes ~ No

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

directly or indirectly, any voter registration drne? 8 Yes FRI No

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

(4) Provide a grant to an organization other than a charitable, etc , organiz ation described

in section 509(a)(1), (2), or (3), or section 4940(d)(2)? E]Yes FX1 No

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

educational purposes, or for the prevention of cruelly to children or animals ~ Yes ~ No

b If any answer is 'Yes' to Sa(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 19 of the instructions)?

Organizations relying on a current notice regarding disaster assistance check here c If the answer is "Yes' to question 5a(4), does the organization claim exemption from the tax

because it maintained expenditure responsibility for the grant? N! A D Yes ONo

ISA 0E 1/SO 2000

56C04L E299 06/07/2000 10 :48 03 V8 09 .01

.. ^>

Page 6: Fom,990-PF Return of Private Foundation Treated 098990s.foundationcenter.org/990pf_pdf_archive/231/...X27 Travel,eonferences,andmeetings 103 545 5 177 93 368 Q~ E 22 Printing and publications

Summary of Direct Charitable Activities

List the foundation's four largest direct charitable activities during the tax year include relevant statrsUOl information such as the number

al organizations and other benefictanes served. conkrerups cornered. research oaoers oioduced, efc

NOT APPLICABLE Eipanses

JSA eei~soxoao

56C04L E299 06/07/2000 09 .39 19 V8 09 01

Forth 99D-PF (1998) 2 3 - ' 6 '

~ 3 4 6 Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees, and Contractors

1 List all officers, directors trustees foundation managers and their compensation (see page 19 of the instructions ) (0) Title and average I (c) Compensation I lal Comneuoons u (e) Expense

hours meek It not iE, enter emOlWK ~~M pans account

(e) Name and address 7n ( W other allowances Eevoted to oosnion bl ano eehrtn cemxnymn

------------------ ------------------------ _____________________________________I

2 Compensation of flue highest-paid employees (other than those included on line 1 - see page 19 of the instructions) n none enter "NONE "

(b) Tile and average (a) Gonvieuoom n

(e) Name and address of each employee paid more than 550 000 fours per week (c) Compensation imipiorea eenent pi .m (e) Expense account,

devoted to pDSiGOn me aefarm mmpmamn other allowances

SPECIAL ADVISOR

500 0 U 205,17 9 , 1 5 , 5 80 , JACALY_N__S_CH_W_A_R_TZ__________________ FINANCIAL MANAGE 00 5 S 0 54, 32 5 , 5 ,432, 0

RACHEL GREGG PROGRAM OFFICER

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

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

3 Five highest-paid independent contractors for professional services - (see page 19 of the instructions) . K none, enter

FOR_STM_A_N_N_-L_E_F_F__ASS_0_C I_A_T_E_S~___N_C_-______________ 590 MADISON AVENUE . NY . NY 10022-2524 GLUSK_I~I SCHEF_F__& _A_S_SO_C_I_AT_E_S-------------------

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

ESSEX_NIA_N_AGEM_ENT _F_U_N_D ---------------------------

2

3

d

Page 7: Fom,990-PF Return of Private Foundation Treated 098990s.foundationcenter.org/990pf_pdf_archive/231/...X27 Travel,eonferences,andmeetings 103 545 5 177 93 368 Q~ E 22 Printing and publications

Form 990-PF (1998) 23-1611346

~-- Summary of Program-Related Investments (see page 20 of the instructions)

1_ .fLO_Z_APP_L1cA&LE--------------------------------------------------------- ---------------------------------------------------------------------------

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

3 _________________________ ___ ---------------------------------------------------------------------------

Minimum Investment Return (All domestic foundations must complete this part F see page 20 of the 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 c Fair market value of all other assets (see page 21 of the instructions) , 1 e

d Total (add lines t a, b, and c) , ; Ild e Reduction claimed for blockage or other factors reported on lines 1 a and

1c (attach detailed explanation) , 2 Acquisition indebtedness applicable to line 1 assets 3 Subtract line 2 from line td , , 4 Cash deemed held for charitable activities Enter 1 1/2°h of line 3 (for greater amount, see

page 21 of the instructions) , , . . 5 Net value of nonchantable-use assets Subtract line 4 from line 3 Enter here and on Part V, line 4 5

7 Distrlbutable amount as adjusted Subtract line 6 from line 5 Enter here ana

Qualifying Distributions (see page 22 of the instructions)

8E1470 zooo 56C04L E299 06/07/2000 09'39 :19 V8 09 .01

Istfl uta 0 Amount (see page 21 of the instructions) (Section 49420(3) and 0)(5) private operating foundations

and certain foreign organizations check here " and do not complete this part)

7 26 1 Minimum investment return from Part X, line 6

2 a Tax on investment income for 7998 from Part VI, line 5 2a 376 , 206

b Income tax for 1998 (This does not include the tax from Part VI ) 2b

c Add lines 2a and 2b _ 2c 37

3 Disfibutable amount before adjustments Subtract line 2c from line 1 3 6 .88

4 a Recoveries of amounts treated as qualifying disfibuhons 4a NONE

b Income distributions from section 4947(a)(2) trust 4b

c Add lines 4a and 4b

5 Add lines 3 and 4c , _ 5 6 . 88

6 Deduction from distributable amount (see page 22 of the instructions)

7 Amounts paid (including administrative expenses) to accomplish charitable, etc , purposes

a Expenses, contributions, gifts, etc - total from Part I, column (d), line 26 1 a 77 26 353 .

b Program-related investments-total of hoes 1-3 of Part IX-B 1 b NONE

2 Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc , purposes Z NONE

3 Amounts set aside for specific charitable projects that satisfy the a Suitability test (poor IRS approval required) . , 3a NONE

b Cash distribution test (attach the required schedule) 3b I NON

4 Qualifying distributions Add lines to through 3b Enter here and on Part V, line 8 and Part XIII, line 4 4 7 , 726 , 353

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 (see page 22 of the instructions) . 5 376 06

s Adjusted qualifying distributions. Subtract line 5 from line 4 6 7 350 147 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 o/ tax in those years

Page 8: Fom,990-PF Return of Private Foundation Treated 098990s.foundationcenter.org/990pf_pdf_archive/231/...X27 Travel,eonferences,andmeetings 103 545 5 177 93 368 Q~ E 22 Printing and publications

JSA ee+~w x 0010

56C04L E299 06/07/2000 09 :39 :19 V8 09 01

23-1611346

Form 990.PF (1998) P"

Undistnbuted Income (see page 22 of the instructions)

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

1 Distnbutable amount for 1998 from Part XI, Corpus Years prior to 1997 1997 1998 Mme 7 6 , 88 4, 90 8

2 Undistributed income it arry as a the ma d 1997 ~ - '

a Enter amount for 1997 only 1,27 3 . 3 1 §' . b Total for poor yeah NONE

3 Excess distributions carryover, if arty, to 1998 ,.

a From 1993

b From 1994

c From 1995 'NON '

d From 1996

e From 1997 NON 1 Total of lines 3a through a NONE

4 Qualifying distributions for 1998 from Part

xu,line at 7 .726 .353 .

a Applied to 1997, but not more than line 2a ' 27 3 . 3 1 9

b Applied to undistributed income of prior years (Election required see page 23 of the nstruchons) NONE

Treated as distributions out of corpus (Election required - see page 23 of the instructions) NON

d Applied to 1998 distnbutable amount 6 ,4 53 03 e Remaining amount distributed out of corpus 5 Excess distributions carryover applied to 1998 0 - 0

(h en amount appears in column d), the same amount must be shown m column (e)

Enter the net total of each column as Indicated below

a Corpus Add lines 3f, ac, and 4e Subtract line 5 `O ~"

b Prior years' undistributed income Subtract line 4b from line 2b NONE Enter the amount of poor years undistributed income for which a notice of deficiency has been - , - - issued, or on which the section 4942(a) tax has ,. .. been pr"ousty assessed NONE

d Subtract line 6c from line 6b Taxable ,. amount - see page 23 of the instructions O '

e Undistributed income for 7997 SuWap line 9a - ~ .. " from line 2a Taxable amount see page ZJ of the instructions

I Undistributed income for 1998 Subtract lines dd and 5 from line 1 This amount must be distributed in 1999 431 874,

7 Amounts treated as aambulmns M N mrqx to satisfy requirements imposed by section 770(D)(1)(E) or ,~ a942(0)(3) (see pope 23 of the insi muctiom) NONE

8 Excess distributions carryover from 7993 not applied on line 5 or tine 7 (am page 23 of the instructions) NON

9 Excess distributions carryover to 1999 "--

Subtract lines 7 and 8 from line 6a 0 10 Analysis of line 9

a Excess from 1994 b Excess from 1995 O ' c Excess from 19%

d Excess from 1997 ~ ,, .. " .. ..

Page 9: Fom,990-PF Return of Private Foundation Treated 098990s.foundationcenter.org/990pf_pdf_archive/231/...X27 Travel,eonferences,andmeetings 103 545 5 177 93 368 Q~ E 22 Printing and publications

or more m at any time during the

56C04L E299 06/07/2000 09'39 :19 V8 09 01

7 a If the foundation has received a ruling or determination letter that it is a private operating

foundation, and the ruling is effective (or 1998, enter the date o! the ruling

b Check box to indicate v,

3 a Enter the lesser of the adjusted net incame from Pert I or the minimum investment retain from Pan % 10! each Year 1612E

h B5!4 of Lne 2s

c Qualifying from pan wi line . for mm roe acted

d mound IncWaea h ms 2c not u.. a directly ftar .011i .0= of exempt activities

o~.~m~s emwmma line. directly for iCiM mnauct of exempt activities subtreal, line 2a 1. line a

came.. 7a D or cbrqe attirnatNe tarn raw upon

a Aa.e' almmabw m1 amv

(1) Valusofallaaam, (2) VaiuemsmmOUaIRynp

una.raecuon

4s42L1f3Mex7 b "Emam.tr ~ronvdevs-

Enter W of minimum mvertmmt rtum anwvn in Partx IYisbrora~uyear loved

C 'SUppoTaRmaMhfl-en2r

(1) Total isupport Me, man

QI077 IRie31Tl711716Ri

(Ifltilp( ENEC1c7 8117

a .Ymmv on .aim loam (section 517p)(5)) or myaRe)

(2) support mirm general public am 5 or move exempt organizations .a provttsd N feaetbri 49.20f(3)(1s)(11)

(3) Largest amount ms+ppon from an exempt organization

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

before the close of any tax year (but only if they have contributed more wan E5,000) (See section 507(d)(2) )

N/A

b List any managers of the foundation who own 1096 or more of the stock of a corporation (or an equally large portion of the ownership of a partnership or other entity) of which the foundation has a 10% or greater interest

N/A

z Information Re arding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs Check here 1 R the organization only makes contributions to presdectcd charitable apanuai0ons end does, hot accept unsolicited reqt,ests for funds

If the Organization makes gifts , grants. etc (See page 24 of the rtbtnietioru) to individuals of onpan¢alims under other conditions complete rtem5 2a b c anC d

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

SEE STATEMENT IA b The form in which applications should be submitted and information and materials they should include

SEE STATEMENT

c Any submission cimalmes

SEE STATEMENT

d My restrictions or limitations on awards, such as by geographical areas, charitable fields, lands of inshhfions, or other factors SEE STATEMENT

8151490 1 aoo

Page 10: Fom,990-PF Return of Private Foundation Treated 098990s.foundationcenter.org/990pf_pdf_archive/231/...X27 Travel,eonferences,andmeetings 103 545 5 177 93 368 Q~ E 22 Printing and publications

nn me tear or fa rove If recipient s an mdmGUnl FoundMion show any rdauonsnip to any foundation maruger

status of

recipient . . . .. .. . . . . . _ . Amount

8E1491 I Odd

561C04L E299 06/07/2000 09 :39 :19 V8 09 01

Recipient

Name and address (home or business)

a Peed dunng the year

SEE STATEMENT 14

b Approved for future payment

SEE STATEMENT 15

Purpose of grant or contribution

Page 11: Fom,990-PF Return of Private Foundation Treated 098990s.foundationcenter.org/990pf_pdf_archive/231/...X27 Travel,eonferences,andmeetings 103 545 5 177 93 368 Q~ E 22 Printing and publications

23-1611346 11

ucin Enter gross amounts unless otherwise indicated

t Program xrwce revenue

a

b

c

d

e

f

g Fees and contracts from government agencies

2 Membership dues and assessments 3 Interest on saHnps and temporary rash investments

4 Dividends and interest from secunhes

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

B Gam or (lava) from sales of risen other than irrvernoi

9 Net income or (loss) from special events ,

10 Gross profit or (loss) from sales of inventory 11 Other revenue a

b MISCELLANEOUS

d

e

12 Subtotal Add columns (b), (d), and (e) 13 Total Add line 12, columns (b), (d), and (e) , . . No 13 38 .664 .635 .

56C04L E299 06/07/2000 09 :39 19 V8 09 01

Form 990.PF

(e) (b) I FY(C) Business I

__

01

,_ a r

(d)

4,276

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

page 25 of the instruc4ons )

JSA eeun z aoo

Page 12: Fom,990-PF Return of Private Foundation Treated 098990s.foundationcenter.org/990pf_pdf_archive/231/...X27 Travel,eonferences,andmeetings 103 545 5 177 93 368 Q~ E 22 Printing and publications

rm -PF X1 e 1 2 Fa 998

Information Regarding Transfers To and Transactions and Relationships With Nonchantable

Did the organization directly or indirectly engage in any of the following with any other organization described in section

501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to polibcal organizations'

a Transfers from the reporting organization to a noncharttable exempt organization of

(1) Czish

(Z) 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 or equipment

(d) Reimbursement arrangements

(5) Loans or loan guarantees

(6) Performance of services or membership or fundraising solicitations

c Sharing of facilities, equipment, mailing lists, other assets, or paid employees

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, other assets, or services given by the reporting organization If the organ=ihon received less than (air

market value in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services

2 a Is the organization directly or indirectly affiliated with, or related to, one or more taoi~empt organizations

described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527 O Yes FX] No

Public Inspection (see page 26 of the instructions and General Instruction Q)

JU )e, .93 1 000 56C04L E299 06/07/2000 09 :39 .19 V8 09 01

1 Enter the date the notice of availability of the annual return appeared inanewspaper ~. -___-____-____----__-____-___-____ 2 Enter the name of we newspaper 1 3 Check here 1-1 to indicate that you have attached a copy of the newspaper notice required by the instructions on page 26

If the notice is not attached the return will tie considered incomplete Under penalties of penury I declare that I have e7mmined tie return including accompanying schedules and statements and to the beat of my knowledge and baud, rt a true, carted, and complete Declaration al preparer (other than taxpayer or fiduciary) s based on all information of which preparer has any knowledge

d `a I S

Signature of officer or ws7ee Dat-. ' Title m y Preparers ~/ Date < Check if self- Preparers local security no H u - si nature ~ I p ~~ employed

~4 ° Fimisname (or ' , G EIN " 1 3- 5 5652 0 7 aD yours dsen<mployea) 345 PARK AVENUE

and address NFW VnRK NV LP+a b. 7l17Fd

Page 13: Fom,990-PF Return of Private Foundation Treated 098990s.foundationcenter.org/990pf_pdf_archive/231/...X27 Travel,eonferences,andmeetings 103 545 5 177 93 368 Q~ E 22 Printing and publications

In reply refer to : 2951622559 Dec . 20, 2001 LTR 1320C 23-1611346 200010 44

02595

WILLIAM H DONNER FOUNDATION INC 500 FIFTH AVE STE 1230 NEW YORK NY 10110-1202057

Whenever you write, please include this letter and, in the spaces below, give us your telephone number with the hours we can reach you . Keep a copy of this letter for your records .

Telephone Number (Z1Z) cl-zc'to Hours l

E )(~ 22`X S In PM

DepaAmerrt'ol the Treasu Internal Revenue Service

OGDEN, UT 84201

Taxpayer Identification Number : 23-1611346 Tax Period(s) : Oct . 31, 2000

Form : 990PF

Dear Taxpayer :

We received your Form 990PF for the tax period s) shown above, with a Form 2220, Underpayment of Estimated Tax by Corporations, attached .

We reviewed the information on the Form 2220 and have corrected or charged an estimated tax penalty as we show on the enclosed computation .

Before you can claim the prior year tax to determine your estimated tax payments, the return must be filed . We have no record of receiving your Form 990PF for tax period October 31, 1999 .

If you have any questions, please write to us at the address shown at the top of the first page of this letter . Or, you may call us at 801-334-4130 between the hours of 7 :00 AM and 3 :30 PM MST . If the number is outside your local calling area, there will be a long-distance charge to you .

Page 14: Fom,990-PF Return of Private Foundation Treated 098990s.foundationcenter.org/990pf_pdf_archive/231/...X27 Travel,eonferences,andmeetings 103 545 5 177 93 368 Q~ E 22 Printing and publications

2951622559 1320C 44

02596

INC

Diane Elm Accounts Management I

Enclosure(s) : Copy of this letter Penalty computation

DeFariment'ot the Treasury Internal Revenue Service

WILLIAM H DONNER FOUNDATION 500 FIFTH AVE STE 1230 NEW YORK NY 10110-1202057

Dec . 20, 2001 LTR 23-1611346 200010

Sincerely yours,

4~ ~6z

Page 15: Fom,990-PF Return of Private Foundation Treated 098990s.foundationcenter.org/990pf_pdf_archive/231/...X27 Travel,eonferences,andmeetings 103 545 5 177 93 368 Q~ E 22 Printing and publications

In reply refer to : 2951622559 Dec . 20, 2001 LTR 1320C 23-1611346 200010 44

02595

WILLIAM H DONNER FOUNDATION INC 500 FIFTH AVE STE 1230 NEW YORK NY 10110-1202057

Whenever you write, please include this letter and, in the spaces below, give us your telephone number with the hours we can reach you . Keep a copy of this letter for your records .

Telephone Number ( ) Hours

DepaAmenl of the Treasury Internal Revenue Service

OGDEN, UT 84201

Taxpayer Identification Number : 23-1611346 Tax Period(s) : Oct . 31, 2000

Form : 990PF

Dear Taxpayer :

We received your Form 990PF for the tax period(s) shown above, with a Form 2220, Underpayment of Estimated Tax by Corporations, attached .

We reviewed the information on the Form 2220 and have corrected or charged an estimated tax penalty as we show on the enclosed computation .

Before you can claim the prior year tax to determine your estimated tax payments, the return must be filed . We have no record of receiving your Form 990PF for tax period October 31, 1999 .

If you have any questions, please write to us at the address shown at the top of the first page of this letter . Or, you may call us at 801-334-4130 between the hours of 7 :00 AM and 3 :30 PM MST . If the number is outside your local calling area, there will be a long-distance charge to you .

Page 16: Fom,990-PF Return of Private Foundation Treated 098990s.foundationcenter.org/990pf_pdf_archive/231/...X27 Travel,eonferences,andmeetings 103 545 5 177 93 368 Q~ E 22 Printing and publications

Diane Elm Accounts Management I

Enclosure(s) : Copy of this letter Penalty computation

~/~(~ Department of the Treasury \~, ~~J~]~ Internal Revenue Service

WILLIAM H DONNER FOUNDATION INC 500 FIFTH AVE STE 1230 NEW YORK NY 10110-1202057

2951622559 Dec . 20, 2001 LTR 1320C 23-1611346 200010 44

02596

Sincerely yours,

42~ ~ ~5b

Page 17: Fom,990-PF Return of Private Foundation Treated 098990s.foundationcenter.org/990pf_pdf_archive/231/...X27 Travel,eonferences,andmeetings 103 545 5 177 93 368 Q~ E 22 Printing and publications

Underpayment of Estimated Tax by Corporations I OML No 15<5-0142

W99 Depanmeni of the Treasury inlomal Revenue Service

Name

" Attach to the corporation's tax return

,-%I) Q f ~V u '\ " fl T \ l ") _L (\ C 23' I(o I13

d Total Add lines Sa through Sc Sd

8 Subtract line Sd from line 4 II the result is less than $500, do not complete or file this form The corporation does not owe the penalty

7 Enter the tax shown on the corporation s 1998 income tax return (CAUTION See page 2 of the instructions before completing this line )

8 Enter the smaller of line 6 or line 7 If the corporation must skip line 7, enter the amount from line 6 on line 8 g

9 Installment due dates Enter in columns (a) through (c) the (a) 15th day of the 4th (Form 990-PF Liars . Enter 5th month), 03 I J U 0 p~ I SO 0 U~ l So 0 I (~ / 5 U 6th, 9th, and 12th months of the corporation's tax year

10 Required installments II the box on line 1 and/or line 2 above is checked, enter the amounts from Schedule A, line 41 If the box on line 3 (but not 1 or 2) is checked, see page l of the instructions for the amounts to enter I( none of these ;Q/ I ~ ~ ~ j

3, I S

L~ S ~2 2 ~ g (p S 3 Z boxes are checked, enter 25% of line 8 above in each column

11 Estimated tax paid or credited for each period (see page 2 of the instructions) For column (a) only, enter the amount

11 1 2 9 (;W, 5 1 ~ cu,., 2L()L 0 (~ ~ ~ ~ l: () " from line 11 on line 15 Complete lines 12 through 18 0l one column be/ore going to the nail column

12 Enter amount, if any, from line 18 of the preceding column ~2 ~ (D Z~1

13 Ado lines 11 and 12 13 :51-2 l+CC " 3(o-2 ̀ ) 3S 4 (oy v3

14 Add amounts on lines 16 and 17 of the preceding column, ~< I ~o 2-33 15 Subtract line 74 from line 13 It zero or less, enter -0- 15 ~C 34 rl q L~ ) " ,j ~ Z`'I 35 34 (o~/ (:3 ~

78 If the amount on line 15 is zero, subtract line 13 from line 14 Otherwise, enter-0- 16

17 Underpayment If line 15 is less than or equal to line 10, subtract line 75 from line 10 men go to line 72 of me next column ~~,zS33 Otherwise, go to line 18 . »

18 Overpayment If line 10 is less than line 15, subtract line 10 from line 15 Then go to line 12 of the next column is 1 1(, 4j:,3 I 5 95~ I Complete Part 111 on page 2 to figure the penalty 11 there are no entries on line 17, no penalty Is owed

Cal No 11746L Fortn 222 (1999)

Fo. 92220 P- Instructions are separate See page 4 for Paperwork Reduction Act Notice

Note In most cases, the corporation does not need to /de Form 2220 (See Part 1 below for exceptions) The IRS will figure any penalty owed and bill the corporation If the corporation does not need to file Form 2220, it may still use it to figure the penalty Enter the amount from line 34 on the estimated tax penalty line of the corporation's income tar return, but do not attach Form 2220

Reasons for Filing-Check the boxes below that apply to the corporation If any box or the note below applies, the corporation must file Form 2220, even d it does not owe the penalty If the box on line 1 or line 2 or the waiver applies, the corporation may be able to lower or eliminate the penalty See page 1 of the instructions

7 El The corporation is using the annualized income installment method 2 E) The corporation is using the adjusted seasonal installment method 3 fK The corporation is a "large corporation" figuring its first required installment based on the poor year's tax Note The corporation must also ale Form 2220 if it is claiming a waver of (he penalty See Waiver o/ penalty for corporations claiming the research credit on page 3 0l the instructions

4 Total tax (see page 2 0l the inst :uc:,uns) 4

Sa Personal holding company tax (Schedule PH (Form 1120), line 26) included on line 4 b Interest due under the look-back method of section 460(b)(2) for completed long-term

contracts included on line 4

e Credit for Federal fax paid on fuels (see page 2 0l the instructions)

Page 18: Fom,990-PF Return of Private Foundation Treated 098990s.foundationcenter.org/990pf_pdf_archive/231/...X27 Travel,eonferences,andmeetings 103 545 5 177 93 368 Q~ E 22 Printing and publications

Page 2

21 Number of days on line 20 after 4/15/1999 and before 1/1/2000

22 Underpayment on line 17 x Number of days on line 21 X 8% 365

23 Number of days on line 20 after 12/31/1999 and before 4/1/2000

24 Underpayment on line 17 x Number of days on line 23 x g% 366

25 Number of days on line 20 after 3/31/2000 and before 7/1/2000

28 Underpayment on line 17 x Number of days on line 25 xq'% 366

27 Number of days on line 20 after 6/30/2000 and before 10/1/2000

28 Underpayment on line 17 x Number of days on line 27 X 366

29 Number of days on line 20 after 9/30/2000 and before 1/12001

30 Underpayment on line 17 x Number of days on line 29 X ~% 366

31 Number of days on line 20 after 12/312000 and before 2/162001

32 Underpayment on line 17 x Number of days on line 31 x "% 365

33 Add lines 22, 24, 26, 28, 30, and 32 , . , I I l~ l0 (D l

Form 2220 o999)

Form 2220 (1999)

Figuring the penalty

19 Enter the date of payment or the 15th day of the 3rd month after the close of the tax year, whichever is earlier (see page 3 of the instructions) Form 990-PF and Form 990-T filers Use 5th month instead of 3rd month )

20 Number of days from due date of installment on line 9 to the date shown on line 19 , ,

OyI4U0

22 $

23

24 $ LOS LU

25 ) `I

~a R Slob U

34 Penalty Add columns (a) through (d), of line 33 Enter the total here and on Form 1120, line 33, Form 1120-A, line 29, or the comparable line for other income tax returns I 34 1 $ 11 (a (p 1c'7

'For underpayments paid after March 31, 2000 : For lines 26, 28, 30, and 32 use the penalty interest rate for each calendar quarter that the IRS will determine during the first month in the preceding quarter These rates are published quarterly in an IRS News Release and in a revenue ruling in the Internal Revenue Bulletin To obtain this information on the Internet, access the IRS's Web Site at www.vs gov. You can also call 1-800-829-1040 to get interest rate information

Page 19: Fom,990-PF Return of Private Foundation Treated 098990s.foundationcenter.org/990pf_pdf_archive/231/...X27 Travel,eonferences,andmeetings 103 545 5 177 93 368 Q~ E 22 Printing and publications

InC niL.LiHm n uUrvntn FUUNUAIION, INC . 23-1611348

FORM 990PF, PART I - CONTRIBUTIONS, GIFTS AND GRANTS RECEIVED

DIRECT PUBLIC

NAME AND ADDRESS DATE SUPPORT ---------------- ---- -------

ESTATE OF DORA DONNER IDE VAK 14,049,207

---------------14,049,207

esas~H ~oao 66C04L E299 08/07/2000 09 :39 :19 V8 .09 .01 STATEMENT 1

TOTAL CONTRIBUTION AMOUNTS

Page 20: Fom,990-PF Return of Private Foundation Treated 098990s.foundationcenter.org/990pf_pdf_archive/231/...X27 Travel,eonferences,andmeetings 103 545 5 177 93 368 Q~ E 22 Printing and publications

4,276

4,276

STATEMENT 2 BSPSPR 100U

56C04L E299 06/07/2000 09 :39 :19 V8 09 01

THE WILLIAM H DONNER FOUNDATION, INC

FORM 990PF, PART I - OTHER INCOME - ------------------

DESCRIPTION

MISCELLANEOUS INCOME

TOTALS

REVENUE AND

EXPENSES PER BOOKS

23-1611346

Page 21: Fom,990-PF Return of Private Foundation Treated 098990s.foundationcenter.org/990pf_pdf_archive/231/...X27 Travel,eonferences,andmeetings 103 545 5 177 93 368 Q~ E 22 Printing and publications

44,807 879, 123 . 12,838 .

------------936,766

------------923,930

esasu+ + o00 68C04L E299 08/0712000 09 :39 :19 V8 .09 01 STATEMENT 3

THE WILLIAM H DONNER FOUNDATION, INC .

FORM 890PF, PART I - OTHER PROFESSIONAL FEES

DESCRIPTION

CUSTODIAL FEES INVESTMENT ADVISORY FEES CONSULTING

TOTALS

REVENUE AND

EXPENSES PER BOOKS

23-1611346

NET INVESTMENT

INCOME

44,807 . 879,123

CHARITABLE PURPOSES

NON NON

12,838

12,836

Page 22: Fom,990-PF Return of Private Foundation Treated 098990s.foundationcenter.org/990pf_pdf_archive/231/...X27 Travel,eonferences,andmeetings 103 545 5 177 93 368 Q~ E 22 Printing and publications

NONE 658 .

------------658

376,206 . 658 .

------------376,864

esrsu+ i o00 58C04L E299 08/07/2000 09 :39 :19 V8 .09 .01 STATEMENT 4

Int WILLIAM M . uuNNER FOUNDATION, INC .

FORM 990PF, PART I - TAXES

DESCRIPTION

FEDERAL EXCISE TAXES FOREIGN TAXES

TOTALS

REVENUE AND

EXPENSES PER BOOKS

23-1611346

NET INVESTMENT

INCOME

Page 23: Fom,990-PF Return of Private Foundation Treated 098990s.foundationcenter.org/990pf_pdf_archive/231/...X27 Travel,eonferences,andmeetings 103 545 5 177 93 368 Q~ E 22 Printing and publications

20,841 . 1,042 .

19,025 . 951 .

8,465, 423

6,747 . 337 .

21,256 . 1,063

96,653 . NONE

29,056 . 1,453 .

6,528 . 326 . ------------ ------------

208,571 5,595

65P81N 1000 66C04L E299 08/07/2000 09 :39 :19 V8 .09 .01 STATEMENT 5

int WILLIAM M . DONNER FOUNDATION, INC .

FORM 990PF, PART I - OTHER EXPENSES

DESCRIPTION

GENERAL OFFICE EXPENSES

TELEPHONE

POSTAGE

MEMBERSHIP DUES & SUBSCRIPTION

INSURANCE

GRANTEE SUPPORT

ASIA PROJECT

MISCELLANEOUS

TOTALS

23-1611346

REVENUE AND NET

EXPENSES INVESTMENT PER BOOKS INCOME --------- ------

CHARITABLE PURPOSES

19,799

18,074 .

8,042 .

8,410

20,193 .

96,653 .

27,603 .

6,202 . ------------

202,976 .

Page 24: Fom,990-PF Return of Private Foundation Treated 098990s.foundationcenter.org/990pf_pdf_archive/231/...X27 Travel,eonferences,andmeetings 103 545 5 177 93 368 Q~ E 22 Printing and publications

i

i9761N 1000 58C04L E299 08/07/2000 09 .39 :19 V8 .09 .01 STATEMENT 6

int WILLIAM H . DONNER FOUNDATION, INC . 23-1811346

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

ENDING DESCRIPTION BOOK VALUE ----------- ----------

U .S . TREASURY OBLIGATIONS 710,084 . ---------------

TOTALS 710,084

ENDING FMV

710,084 ---------------

710,084 .

Page 25: Fom,990-PF Return of Private Foundation Treated 098990s.foundationcenter.org/990pf_pdf_archive/231/...X27 Travel,eonferences,andmeetings 103 545 5 177 93 368 Q~ E 22 Printing and publications

ENDING BOOK VALUE

120,214,753 ---------------

120,214,753 I

I i i . .

. I I

I I

SP6lN I 000 58C04L E299 08/07/2000 09 :39 :19 V8 .09 .01 STATEMENT 7

ine rviLLiHM M UUNNER FOUNDATION, INC

FORM 990PF, PART II - CORPORATE STOCK

DESCRIPTION

DOMESTIC EQUITIES

TOTALS

23-1611346

ENDING FMV

120,214,753 . ---------------

120,214,753

il

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iSPSLN 1 000 1

58C04L E299 08/07/2000 09 :39 ;19 V8 .09 .01 STATEMENT B I

ine WILLIAM n UVNNEH FOUNDATION, INC . 23-1611346

FORM 990PF, PART II - OTHER INVESTMENTS

ENDING ENDING DESCRIPTION BOOK VALUE FMV

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

MONEY MARKET 41,535,837 . 41,535,837 . --------------- ---------------

TOTALS 41,535,837 41,535,837 .

f

Page 27: Fom,990-PF Return of Private Foundation Treated 098990s.foundationcenter.org/990pf_pdf_archive/231/...X27 Travel,eonferences,andmeetings 103 545 5 177 93 368 Q~ E 22 Printing and publications

THE WILLIAM K DONNER FOUNDATION, INC.

FORM 990-PF, PART II - FIXED ASSETS, LINE 14

LESS ACCUMULATED DEPRECIATION (241,733) NET FIXED ASSETS 78.113

DESCRIPTION EQUIPMENT 146,513 COMPUTER EQUIPMENT 60,609 TECHNOLOGY 82,725 LEASEHOLD IMPROVEMENTS 37,209 FURNITURE AND FIXTURES 12.790 GROSS FIXED ASSETS 319,846

23-1611346

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i SPSIN 1 000 68C04L E299 08/07/2000 09 :39 :19 V8 .09 .01 STATEMENT 9

THE WILLIAM H . DONNER FOUNDATION, INC . 23-1611348

FORM 990PF, PART II - OTHER ASSETS ' I

ENDING DESCRIPTION BOOK VALUE ----------- ----------

BUILDING SECURITY 13,869 OTHER RECEIVABLES 816 ' FEDERAL EXCISE TAX REFUND

RECEIVABLE 243,794 ---------------

TOTALS 258,479 I

i

4

f

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10 &SPAR 7 OpD

THE WILLIAM H DONNER FOUNDATION, INC 23-1611346

FORM 990PF, PART II - OTHER LIABILITIES

ENDING DESCRIPTION BOOK VALUE ----------- ----------

DEFERRED FEDERAL EXCISE TAX 651,193 DUE TO BROKERS, NET 15,027

--------------- TOTALS 666,220

STATEMENT

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THE WILLIAM H DONNER FOUNDATION, INC 23-1611346

FORM 990PF, PART III - OTHER INCREASES IN NET WORTH OR FUND BALANCES ---------------- ----------------

112,53 1)003 ----------

1 ;5311003

STATEMENT 11 e~svn , mo

DESCRIPTION

NET INCREASE IN UNREALIZED APPRECIATION ON INVESTMENTS

TOTAL

AMOUNT

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esrsu+ i o00 56C04L E299 0610712000 09 :39 :19 V8 .09 .01 STATEMENT 12

ink: WILLIAM H DONNER FOUNDATION, INC 23-1811346

FORM 990PF, PART VII-A - NEW SUBSTANTIAL CONTRIBUTORS

DIRECT PUBLIC

NAME AND ADDRESS DATE SUPPORT ---------------- ---- -------

ESTATE OF DORA DONNER IDE VAf- 14,049,207,

--------------- TOTAL CONTRIBUTION AMOUNTS 14,049,207

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IMt WILLIAM H DONNER FOUNDATION, INC 23-1611346

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

CONTRIBUTIONS EXPENSE ACCT TO EMPLOYEE AND OTHER

BENEFIT PLANS ALLOWANCES ------------- ----------

NONE NONE

TITLE AND TIME DEVOTED TO POSITION COMPENSATION ------------------- ------------

PRESIDENT 202,311 . FULL TIME

NAME AND ADDRESS ----------------

JAMES CAPUA 600 FIFTH AVENUE, SUITE 1230 NEW YORK, NY 10110

SEE ATTACHED LIST OF TRUSTEES STATEMENT 13 A AS NEEDED

GRAND TOTALS 202,311 NONE

iSPSLN 1 000 68C04L E299 08107/2000 09 :39 :19 V8 .09 .01 STATEMENT 13

NONE

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St4femer)f" 13

William H. Dormer Foundation

BonxD of T~tUSTEFS FOR FYSCAL YEax 1999

Stephanie K. Fiaason Afzalj

Phaedra Annau

Alexander B. Doer

David W-1lliam Donna

Joseph W. Dormer, Jr.

Robot Dormer, Jr.

Timothy E. Doanc

Nicholas Ebastadt

Stefaa Halpcr

Louise Olives

Christopher Kyle Roosevelt

William D Roosevelt

Margaret D Spencer

Michael Hunter Spencer

Robert D. Spencer

William M. Spencer, III

Monica Rrmaor Washbutn

Amts Winsar

Cnshna 5. tensor

Honorable Curha Rriavor, Jr.

Curtia Winsor, ITI

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ant WILLIAM H DONNED FOUNDATION, INC

FORM 880PF, PART XV - GRANTS AND CONTRIBUTIONS PAID DURING THE YEAR

RELATIONSHIP TO SUBSTANTIAL CONTRIBUTOR AND

RECIPIENT HAVE AND ADDRESS FOUNDATION STATUS OF RECIPIENT -------------------------- ------------------------------

601101131

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

8,650,831

~SP6LN 1000 5ec04L e2ee 0e107/2000 0e :39:1e ve 09 01 STATEMENT 14

SEE ATTACHED SCHEDULE OF GRANTEES STATEMENT 14 A

SEE ATTACHED MATCHING GIFT SCHEDULE STATEMENT 14 8

601101131

23-1E117 " B

PURPOSE OF GRANT OR CONTRIBUTION -------- -----------------------

GENERhI SUPPORT

GENERAL SUPPORT

TOTAL CONTRIBUTIONS PAID

AMOUNT

6,342,549

208 .388

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Schedule I

129 Revised a/i l/00 1 ODpm JAG g (Continued)

'St,}emai I y A '75

THE wILLLaSt H. DONNER FO[,NDATION. INC.

Grant Activity

Year ended October 31, 1999

Grants Gents payable at Paid payable beginning Approved during at end

Grantee of year during year year of year

African Wildlife Foundation S - 110,000 110000 - ntncate - 75.600 75 COO American Civil Rights Institute 110,000 - 65 000 45000 American Civil Rights Union - 35 000 35 000 - American Committees; on Foreign Relauons 75 000 - 75 000 - American Enterprise Institute 173,000 15000 190 000 - American Studio Center 62.500 23 000 85.500 - Americans for Oxford. Inc - 1,000 1,000 - Animal Haven, lot - 20.000 20.000 - AOPA Au Safety Foundation - 25.000 25 000 - American Refuges Committee - 20.000 20.000 - Asholca. Innovator (a the Pubic - 12.000 12.000 - Atlas Econortuc Research Foundation - 33 000 35,000 - Bay Area Coalition for Essential Schools (HOPE) - 18,394 1839a - Bedford-SNyvesant Volunteer Ambulance Corps 13.000 - 15.000 - Best Friends Foundation - 13.000 15.000 - Beulah Land Development Corporation 55,000 - 20.000 35000 Bluegrass Boys' Ranch 5.000 - - 5 000 Boys and Guts Club - 25,000 25 000 - Bridge Fund of New York Inc 128,750 - 70,000 58 750 Bryn Mawr College - 4,000 4 000 - Capital Research Center 208.734 - 166,667 s I 667 Carnelpe Mellon University 19 063 - 19,063 - Caroline House. Inc 45.000 - 15 000 30 000 Caw de Amparo - 80,000 80.000 - Center for Civic Renewal 75,000 - - 25,000 SO 000 Center for Education Intalmauoo 84 573 - 84,575 - Center for Individual Rights 75.000 - 75.000 - Cenua for New Black Leadership 31 250 - 31 250 - Center for Security poky - 25 000 u,ooo Center (m Strategic and imemanooal Studies 87,500 - 62,500 15 000 Center for A Free Cuba 150000 - 100.000 50 000 Cents far the Community Inoaest 163 000 - 120,000 15 000 Chaba Observatory R Sam- Cema - 73,000 75,000 - Chapel Columbanum Association - Z,S00 2300 - Chapel of Our Savour Episcopal Church - 2300 2300 - Cheyenne Mountain Zoo - 3,000 5 000 - Children's Home Sonny, Somh Coastal Dinaon - 10.000 10.000 - Children's Literacy Cmta - 41 .666 41,666 - CTuncomague Bay Foundation - 3.000 3,000 -

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Schedule l

(Continued) 129 Revised 7131/00 8 30 pro 10

THE WILLIAM H . DO`NER FOI.VDaTION . INC.

Grant Acu%iiv

Year ended October 31 1999

Grants Gents payable at Paid payable beginning Approved during at end

Grantee of year during year year of year

Chest Church Georgetown S - 2 500 . 500 - C"s" ... Research lrsi : :i :e - 20 ̂ 0Q 20000 _ Christian Research Institute for Sacral and

Economic Strategies Inc 105 000 - . 60 000 15 000 Christian Urban Education Service 15 000 - IS 000 Civic Institute - Obcansty Insumm 7 050 - 7 050 - Clafemonc Institute 59 000 - - 59000 Cold Sprang Harbor Laboratory - 5 000 5 000 - Colorado Youth at Risk . Inc - 20.000 20 000 - Commonwealth Foundation 24 325 - - 24325 Competitive Entecpnse Insutum 50000 - 50 000 - Comell University 63 .000 - 43000 - Council on Form Relations - 15000 15000 - De La Salle Academy 55,000 - 20,000 35 000 Denver An Museum - 5 000 5 000 - Denver Museum of Natural History - 20,000 20.000 - Disability Careers. !tic - 2500 2500 - Dogs for she Deaf - I S 000 15000 - Education and Employment Ministry (TEEM) 35.000 - 35 000 - Education Policy Imatute 68750 - 56,250 12 500 Empower Program 5 000 - 5.000 - Environmental Literacy Council 73 000 13,425 56,759 al 666 Emcc Mann Hoptuns Institute - 100 000 100,000 - Evergreen Freedom Foundation 75 000 - 50,000 25 000 Exodus Youth Services. Inc - 10,000 10000 - Fidelity Investments Chanry Gift Fund - 25,000 - 25 000 - Florida Humane Society - 40 000 40,000 - Foreign Policy Institute, Johns Hoplona University 90 000 - 90 000 - Foundation Center 15000 - 10 000 5 000 Foundation to Preserve she Integrity of the Census 18000 - 18000 - Freedom Fund - 30,750 30.750 - Fresh Air Fund - 35.000 35.000 - Fresh Pond Research Institute 66,800 - 46.800 - Friends Ministry 35 000 - 20,000 15000 Friends of the Western Commumne Center for -

the Arts, [tie - :,30p 2300 - GAP Foundation . Inc 10.000 - 5.000 5 000 George Marshall Foundation - 3 000 7,000 - George Mason University EA,,m uooal Faundanoo 17,500 - 47500 - Giraffe Project 12,500 - 12300 -

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lihedule I

Grants Grants payable at Paid payable beginning Approved during at end

Grantee olyear during year year of year

Gospel Rescue Ministries b - 30 000 70 000 - Gral .".f:C Country Day School - -.500 =,50Q - Guide Dog Foundation - 15 000 15 000 - Harambee Christian Family Center 15 000 - 15 000 - Historical Society 100000 - 50.000 i0 000 Homeless Fartuly Literacy Project 5 000 - 5 000 - Hospital for Special Surgery - 4.000 4000 - Hudson Institute. Inc 281 250 25.000 170.834 135416 Hyde Leadenfup Public Charter School of

Washington. DC - 51,730 51 750 - Independent Assemblies of God International 20,000 - 12.500 7500 Institute for American Values 45,000 - 20,000 25 000 Institute for International Studies 87.500 - 62.500 25 000 International Film Seminars, Inc - 30.000 30,000 - Ineertehgiom Council of Oakland 15.000 - 15000 - In Touch Ministries . Inc - 20.000 20,000 - James Madison Institute 102.833 - 102833 - Jesus Inside Prison Ministry, Inc 33 000 - 20.000 15000 Johns Hopiura Umversiry 72,716 - - 72716 Joy of Jesus, Inc )5.000 - 30 000 5 000 Juvenile Education & Awareness Project. Inc 36.600 - 13350 23050 Kansas University Endowment Association 37,333 - 33,333 - Landmark Legal Foundation 167,500 - 115,000 52 500 Maelunac Center for Public Policy 63,730 - Sl 750 - Manhattan Institute (or Public Policy Insumte 50,000 - 50.000 - Mann Agricultural Land Trust - 40,000 ~ 50.000 - Mann Country Day School - 20,000 20 000 Media Research Cam 187,300 - 75 000 112500 Montclmr Presbyterian Church - 4000 4 000 - Montason Case Des Bambun - 2.000 :.000 - National Crater far Neighborhood Enterprise 66 667 - 66,667 - National Center for Policy Analyse 187300 - 75,000 112500 National Student Achievement Awards - 15000 15000 - National Taxpayers Union Foundation 30.000 - 50.000 - Naval Postgraduate School 5200 - 3100 - 02L land Sharing the Vision - 35,000 33 .000 - Pacific Research Institute - 73.500 73 .500 - Pacific Research Institute (or Public Policy 112500 - 75.000 37 300 Palms R C3rtater Fund - 20.000 2D.000 -

(Continued) II 129 Revised 3131/00 8 30 pm

THE %VILLIaNi H . DOVER FOUNDATION. [NC.

Grant Acu~itv

Year ended October 31 1999

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Grants Grants payable at Paid payable beginning Approved during at end

Grantee of year during year year of year

Pan Amencan Development Foundation S 58437 58 437 Fauonaio Benefico Oriental USA - %,uGO 7 uw - P3ws-2- Help, Inc - 15000 15 000 - Pennsylvania State University 55 415 - - 55-115 Pennsylvania Station Arts Foundation - 60 000 60.000 - Perty Foundation . Inc - 91 000 91 000 - Phi lamhrapy Roundtable 18000 - 12 000 6 000 Phillips Academy . Andover - 5,000 5 000 - Phinney s Friend - 10,000 (0000 - PIONEERS - 8 000 8000 - Potomac Foundation 91 666 - 33 333 58 333 Potomac School - 5,000 5,000 - Preservation Foundation of Palm Beach - 25.000 25.000 - Princeton University - 33.000 33.000 - Project Human - 80.000 80,000 - Public Communicators, Inc - 40,000 - 40000 Reaching Urban Neighborhoods 20.000 - 20,000 - Resources . Inc 30 000 - 20.000 10 000 Romaiuan Christian Enterprises - 24 300 24,300 - Rosie's Place - ?0,000 20,000 - S B Step Ahead Program - 8.000 8 000 - Social Affairs Unit 112500 - 50,000 62 500 Society of Sc Francis - 10,000 10.000 - Southampton Hospital - ?.000 2000 - Sc Francis of Assisi Episcopal Church - 10.000 10.000 - St John School - 30,000 - 30000 - Stanford University 145 933 - 104166 41 667 Statistical Assessment Service 91 666 - 73,333 58 333 Stone Lantern Filmy 50 000 - - 50 000 Stray No More, Inc. - 15000 15.000 - Sylvan Beach Fwndanoa It= 32400 - 20,000 12400 Tart School - 1,000 1,000 - 'Cara Hall Home for Boys 33.000 - 20 000 15000 Teach for America - 25 000 S 000 20 000 The Batet Fund - 74,500 74,500 - The Boggy Credo Gang - 10.000 10.000 - The Brearlry School - 1000 f 000 -Me Buctlry School - 2,000 2.000 The Colorado Foundanon (or Families; and Children - 5.000 3,000 - '['he Community School - 2.000 2.000 - The David School 15 000 - 15.000

(Continued) 12 129 Revised 3/31/00 8 30 pro

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

Schedule I

THE WILLIAM H DOVER FOUNDATION. IBC.

Grant Acu% uv

Year ended October 3l, 1999

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Schedule I

THE WILLIAM H. DONNER FOUNDATION. INC.

Grant Acti~ttv

Year ended October 3 1 . 1999

Grants Grants payable at Paid payable beginning Approved during at end

Grantee ofye2r during year year ofvear

The Domestic and Foreign Missionary Society of (nc Promstant Episcopai Cnurcn in Lhe USA S - 20,060 20 coo -

The Fishing School Inc 50000 - 20000 30000 The Gathering Place - 5000 5000 - The Hoop Dreams Scholarship Fund - 25.000 25,000 - The Horticultural Socery of NY - 20000 20000 - T'he Hurnwine Society of Utah - 20.000 20.000 - The Institute of World Politics - 5 OOD 5,000 - The Land Insurute - 30,000 30000 - 'ne Nature Conservancy - 80,000 80.000 - The UC San Diego Fouridation - 90,00D 90.000 - Union Sohdansta Guatemalteca - 25,000 25,000 - United Animal Nations - 30,000 30,000 - University of Chicago 263.665 - 95880 167785 University of Colorado at Boulder - 8,000 8,000 - University of Kentucky 146.900 - 146.900 - University of Maryland Foundation 187.500 - 83.334 104,166 Urban Peak - 5,000 5.000 - ValuesFirst. Inc 56250 - 56.250 - Verde Valley School - 22,500 22,500 - Virginia Institute for Public Policy - 12,275 12.275 - Volumeer Centers of Santa Cruz County 15.000 - 15,000 - Washington Legal Foundation 112.500 - 112.500 - Western Journalism Center 112,500 - 75.000 37500 Workers of Rural Kentucky 5,000 - 5,000 - World Smery for Prote=on of Animals - 30000 30.000 Wyatt-Edison Charter School - 40 ODO 40,000 -

S 5860541 2577697 6342,549 2 D95 689

129 Revised 411 1/00 1 OOpm JAG 13

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Unpaid at Approved Paid During Beginning During Year Year of Year

African Wildlife Foundation American Civil Rights Institute American National Red Cross Annunciation School AOPA Foundation, Inc Ballet Florida, Inc Bridgeport Hospital Foundation, Inc Brooks School Brooks School Centro Tepeyac Pregnancy Center Cheyenne Mountain Zoo Cheyenne Mountain Zoo Colorado Springs Fine Arts Community Foundation of NJ Council of American Ambassadors Council on Foreign Relations, Inc Denver Museum of Natural History Fairfield College Preparatory Fairfield College Preparatory Fairfield Grace Church Fairfield Grace Church Fairfield Grace Church Fairfield Grace Church Gay Men's Health Crisis Inc Graland School Hospice of Eastern Ct , Inc Hospice of Palm Beach County Humane Society of the Pik Intracostal Health Foundation Inc L S B Leakey Foundation Lenox Hill Neighborhood Association Inc Libraries of Middlesex New York University Oakland Sharing the Vision, Inc Perry Foundation, Inc Pikes Peak Auto Hill Climb Potomac Foundation Shakespeare Theatre at Folger Library Spanish Catholic Center, Inc St Vincent de Paul Society St Vincent de Paul Society Stanley British Primary School The Buckley School in the City of N Y The Michela Schiff Giorgini The Society of New York Hospital, Inc

0 5.000 5000 0 3,000 3,000 0 3,000 3,000 0 750 750 0 3,000 3,000 0 750 750 0 75 75 0 3,000 3,000 0 4,500 4,500 0 1 .500 1,500 0 3,000 3,000 0 5.000 5,000 0 3,000 3,000 0 20,334 20,334 0 900 900 0 600 600 0

11 . E3 'V2.

Year End Grant Status By Ciganization for the year ending October 31, 1999

Unpaid at End of Year

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 5,000 5,000 0 0 15,166 15,166 0 0 15,737 15,737 0 0 75 75 0 0 150 150 0 0 6 .113 6,113 0 0 7,228 7.228 0 0 75 75 0 0 3,000 3,000 0 0 75 75 0 0 2,100 2,100 0 0 3,000 3,000 0 0 600 600 0 0 5.000 5,000 0 0 1,500 1,500 0 0 60 60 0 0 225 225 0 0 15,000 15,000 0 0 4,500 4,500 0 0 3,000 3,000 0 0 750 750 0 0 375 375 0 0 1,500 1 .500 0 0 0 0 0 0 750 750 0 0 3,000 3,000 0 0 750 750 0 0 1,500 1,500 0 0 7,500 7,500 0

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_77-

Year End Grant Status By Organization for the year ending October 31, 1999 2

Unpaid at Approved Paid During ' Unpaid at Beginning During Year Year End of of Year Year

Theodore Roosevelt Association 0 1,500 1,500 0 Trustees if the Union College in Schnecta 0 300 300 0 U C San Diego Foundation 0 15,000 15,000 0 Union College 0 300 300 0 University of Connecticut 0 18,900 18,900 0 Verde Valley School 0 3,000 3,000 0 Wisconsin History Foundation 0 8,250 8,250 0 GRAND TOTAL. 0 208,388 208,388 0

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V 91 LNIN31VIS 839INUD dO 31na3HOS 03HOWHY 33S

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

ssmay ONY 3NVN IN3ldl33U

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

IHMIAIJ JO SUVIS NOIlVaNnoj ONY

WinglHINOO IVIINVISOng 01 dINSNOlIV13H

ONI 'NOliVaNnOl H3NNoa H NVIIIIAk 3HI 9tc 1 19 1 -cz

~b

89,9 0'

z

a3AOUddV SROMIGNIN03 IVIOI . . . . . . . . . .

699' 960' z LUOWS 1YUH30

----- -------------- ---------- ------ lKnORY NOWIGNIN03 90 INWHO 10 3SOdURd

I

(C 1 (0) 109

10 80 BA el-SC :80 GOOZIL0190 GOU ItO399 OW I NlSdSk

- '=~= -o"o"oo'- ................ oo ............ ......... ", IN3WAYd 301H HOA Q3AOWddV SHOIARIVADD - AX iHVd 'IdOlO HY01

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*)Lhedule I

I SA -V5

THE WILLIAM H . DONNER FOLNDATION. INC .

Grant A~n~icv

Year ended October 31 1999

Grants 6rants payable at Paid Payable beginning Approved during 2tend

Grantee ofyear during year year of,e2r

AM= Wildlife Foundation S 110000 110000 AMC= - 13 C-00 - American Ci~il Rights Invurute 110.000 65 .000 45 000 American Civil Rights Union - 35000 35000 - American Comnunces on Foreign Rciauom; 75 DOO - 75000 - American Enterprise Institute 175000 15000 190.000 - American Studies Center 62.500 23000 85,500 - Americans for Oxford. Inc - I DOD 1000 - Ajumai Haven Inc - 20.000 20000 - AOPA Air Safety Foundation - Z5.000 25000 - American Refugee Conuxurtee - 20.000 20000 - Ashoka. Innovators for the Public - 12000 12.000 - Adas Econormi : Research Fmisdation - 35,000 35,000 - Bay Area Coalition for Essential Schools (HOPE) - 1 "94 19594 - Bedford-Stuyvesant Volunteer Ambulance Corps 15000 - 15 ODO - Best Friends Foundation - 15000 15,000 - Beulah Land Development Corporation 55000 - 20.000 35 OW Bluegrass Boys' Ranch 5,000 - - 5000 Boys and Girls Club - 25000 25000 - Bridge Fund of New York. Inc 128.750 - 70.000 58 750 Bryn Mawr College - 4,000 4,000 - Capital Research Center 208334 - 166.667 41 667 Carnegie Mellon University 19.D63 19,063 - Caroline House. Inc 45,000 - 15000 30000 Casa de Ampaim - 80.000 80.ODO - Center for Civic Renewal 75000 - Z5.ODO 50 ODO Center for Education Information 94375 - 94,575 - Cenuer for Indiviclual Rights 75,000 - 75.ODO - Center for New Black Lmdmhip 31250 - 31 .250 - Center for Security Policy - 25 DW 25,000 - Center for Strattepc and lounnixtional Studies 87500 62.500 250DO Center for A Free Cuba 150,000 100.ODO 50000 Center for Elie Community Interest 165,000 - 120,000 45 000 Chabot Observatory & Set== Center - 75,000 75,000 - Chapel Columbanum Association - 2.500 2.500 - Chapel of Our Saviour Episcopal Church - 2JOD 2-500 - Cheyence Mountain Zoo - 5,000 5.000 - Children's Home Society, South Coastal Division - i amo 10.000 - Children's Lteracy Cent - 41666 41666 - Chincoteague Bay Foundation - 3.000 3,000 -

129 Revised 4/1 1/00 1 0Dpm JAG 9 (Continued)

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'~~hedule I

Gr-nts Grants payable 29 Paid pavabie begirtaing Appmved during at end of vear dur-ing year Ve2r of "2r

- 2.500 2500 - 10,000 - 5000 5000 - 3.000 3,000 -

47500 - 47500 12,500 12.500

(Continued) 10 129 Revised 3/31/00 8 30 pm

Gr-ani"

Clinst Chumh Georgetown C~rn,-- R-se :irch I,s-ruae Christian Research Institute for Social and

Economic Strategies Inc Christian Urban Education Set-vice Civic Institute - Obcarsky Institute Claremont Institute Cold Spring Harbor Laboratory Colorado Youth at Risk, Inc Commonwealth Foundation Compeutivc Enterprise Insutute Cornell University Council on Foreign Relations De La Salle Academy Denver Art Museum Denver Museum of Nanural History Disability Careers. Inc: Dogs for the Deaf Education and Employment Ministry (TEEM) Educanon Policy Institute Empower Program Environmental Literacy Council Enriest .Martin Hopkins Institute Evergreen Freedom Foundation Exodus Youth Services . Inc Fidelity Investments Charity Gift Fund Florida Humane Sc,c:eiry Foreign Policy Insnam, Johns Hopkimt Universtry Foundation Center Foundation to Piretierve the Integrity of the Census Freedom Fund Fresh Air Fund Fresh Pond Research Institute Friends Mirustry Friends of ft Western Communities Center for

the Arts . Inc GAP Foundation. Inc George Marshall Foundation George Mason Universtry Educational Foundation Giraffe Project

THE Ni61LL1k%I H. DONNER FOLNDATION. INC

Grant -k,ti% it%

Year ended October 31 1999

S 2500 2500 20 r00 10 000

105000 - 60000 1~ OW 15000 - 15000 7050 - 7050 - 59000 - - 59000 - 5.000 5000 - - 20000 20,000 -

24,325 - - 24,325 50000 50000 - 43000 - 43000 - 15.000 15 01010 -

55 OW - 20,000 35000 - 5.000 5000 - - 20.000 20,000 - - 2.500 2.500 - - 15.OOD 15000 -

35000 35,000 - 68.750 56250 12500 5.00c) - 5000 - 75000 13425 46.759 41 666 - 100.000 100000 -

75000 - 50,000 25 ow - 10000 10,000 -

25.000 25000 - - 40000 40.000 -

90000 - 90,000 - 15000 10.000 5000 18 000 - 18000 - - 30.750 30.750 - - 35000 35000 -

46800 - 46.800 - 35000 20,000 15000

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129 Rmsed 3/31/00 8 30 pm I I (Continued)

'i~hedule I

THE %VILLIANI H DONNER FOLNDATION . INC

Grant Ai.ti%itv

Year ended October 31 1999

Grants Grants payable at Paid p2,able beginning Approved during atend

Granfee of Year during year vear of~ear

Gospel Rescue Mirustnes S 30000 30000 Gralard Courar; Day Sclicol 2500 2500 Guide Dog Foundation - 15000 15000 Harambee Christian Family Center 15.000 - 15000 - Historical Society 100000 50000 io 000 Homeless Farruly Litcracy Project 5000 - 5000 - Hospital for Special Surgery - 4.000 4 DOD - Hudson Insurute . Inc 281 Z50 25 000 170834 135 416 Hyde I eul rslup Public Charter School of -

Washington. DC - 51 .750 51 750 - Independent Aswinblies of God Internauon2l 20.000 - 12500 7,500 Institute for American Values 1 45000 20 ODO 25000 Institute for Intenumonal Studies 87.300 - 62.500 25000 International Film Serrunars . Inc - 30,000 30.OOD - Interreiigious Council of Oakland 15 ODO - 15 DDO - In Touch Ministries, Inc - 20.000 20,000 - James Madison Institute 102.933 - 102.833 - Jesus Inside Prison Ministry Inc 35.000 - 20.000 15 000 Johns Hopkins University 72,716 - - 72716 Joy of Jesus, Inc 35 000 - 30 000 5000 Juvenile Education & Awareness Project . Inc 36.600 - 13.550 23 050 Kansas University Endowment Association 33.333 - 33.333 - Landmark Legal Foundation 167500 - 115 000 52500 Mackinac Center for Public Policy 43 750 - 43.750 - Manhattan Institute for Public Policy Institute 50.ODO - 50,000 - Mann Agricultural Land Trust 40000 40000 - ,Mann Country Day School - 20.OW 20.000 - Media R--rch Center 187500 - 75,000 112500 Montclair Presbyterian Church - 4000 4 ODO - Monresison Casa Do Bambuss - 2.00D 2.000 National Center for Naglibod Enterprise 66667 66,667 - National Center for Policy AnalYU3 187500 - 75000 112500 National Sn,d~ Achievement Awards - 15000 15000 - National Taxpayers Union Foundation 50.OOD - 50.OOD - Naval Postgraduate School 5.200 - 5 .200 - Oakland Sharing the Vision - 35,000 35.000 - Pacific Research Insuitute - 75.500 75.500 - Pacific Reseamb. trissiature for Public Policy 112-500 - 75000 37500 Palmer R. Chitester Fund - 20.000 20.OOD -

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')Lhedule I

Year ended October 31 1999

12 (Continued) 129 Revised 3/31/00 8 30 pm

THE WILLIAM H. DONNER FOLNDATION. INC.

Grant A~ti%ity

Gnitt"

Pan Xmencw Development Foundation Paironato Scriefico Onemal USA Paws-2- Help, Inc Pennsylvania State University Pennsylvania Stauon Ans Foundation Perry Foundation . Inc Philanthropy Roundtable Phillips Academy. Andover Phumey's Friend PIONEERS - Potomac Foundation Potomac School Preservation Foundauon of Palm Beach Princeton University Project Human Public Communicators. Inr-Reaching Urban Neighborhoods Rcsources.Inc Romanian Christian Enterprises Rosie's Place S B Step Ahead Program Social Affairs Unit Society of St. Francis Southampton Hospital St. Francis of Assisi Episcopal Church SL John School Stanford University Statistical Assessment Service Stone LAntem Film Stray No Mom Lw- Sylvan Beach Foundation. I= Taft School Tan Hall Home for Bay% Teach for America The Becket Fund The Boggy Creek Gang The Brearley Schcoil The Bulticy School The Colorado Foundation for Farnihes aW Children The Community School The David School

Grants Gr2nLs pavable at Paid pavable belpruting Approved during 21 end of venjr during year vear of "ar

S 58437 58 437 7 COO 7 C,~jG

- 15,000 15000 - 55 415 - - 415 - 60000 60000

-

- 91000 91000 - 18000 - 12 DDO 6000 - 5000 5000 -

10.000 10000 - 8.0D0 8000 -

91 666 - 33,333 58 333 - 5000 5000 - - Z5 000 25 ODO - - 33.000 33000 - - 80,0DO 80.000 - - 40.000 - 40000

20000 - 20000 - 30000 - 20.000 10000 - 24300 24.300 -

20.000 20.000 - 8000 8000 -

112500 - 50.000 62500 - 10.0DO 10.000 - - 2,000 2.000 - - 10000 10.000 - - 30.000 30000 -

145.833 - 104166 41 667 91 666 33.333 58 333 50,000 - - 50000 - 15000 15000 -

32400 - 20 ODD 12400 - 1 .000 WDD -

35.000 - 20.000 15000 - 2.5,000 5.000 20000 - 74,500 74.500 - - I 0,0D0 I O.ODD - - 1 .000 I,ODO - - 2000 2.000 - - 5.000 5 ODO - - 2.00D 2.000 -

15 ODO 15.000 -

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Grants Grants payable at Paid pavable beginning Appirtived dunag at end

Grant" ofyear during year year of veaj~

129 Revised 4/1 1/00 1 ODpm JAG 13

Schedule I

THE WILLIANI H . DONNER FOLNDATION . INC .

Grant Acti% icy

Year ended October 3 1, 1999

The Domestic and Foreign Missionary Society of (ne Protestant Episcopai Cri=n in the USA

The Fishing School . Inc The Gathering Place The Hoop Dreams Scholarship Fund The Horticultural Society of NY The Humane Soctery of Utah The Institute of World Pohuc3 The Land Institute The Nature Conservancy Tbe UC San Diego Foundation Union Solidansta Guatemalteca United Animal Nations Univmity of Chicago University of Colorado at Boulder University of Kentucky University of Maryland Foundation Urban Peak ValuesFirs[, Inc Verde VaUey School Virginia Institute for Public Policy Volunteer Centers of Santa Cruz County Washington Legal Foundation Western Journalism Centa Workers of Rural Kentucky World Somery for Protection of Animals Wyart-Edisan Charter School

- 20 000 20 C-00 -50000 - 20000 30000 - 5000 5000 -- 25 ODO 25.000 -- 20000 20000 -- 20.000 20000 -- 5 ODD 5.000 -- 30.000 30,000 -- 80.000 80.000 -- 90,00D 90.000 -- 25000 25.000 -- 30 ODO 30.000 -

263 .665 - 95,880 167.785 - 8,000 8000 -

146,900 - 146.900 -187500 - 83.334 104 166 - 5,000 5.000 -

56,250 - 56,250 -- 22.500 22.500 -

12.275 12.275 -15.0D0 - 15,0011) -112.500 - 112.500 -112.500 - 75,000 37500 5000 - 5 OOD -- 30.000 30.000

40000 40000

S 5860541 2.577697 6342.549 2095689

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I - ___l

FORM 990-PF, PART IV - CAPITAL GAINS AND LOSSES

DESCRIPTION GAIN/(LOSS) REFERENCE

FORSTMANN-LEFF ASSOCIATES, INC . 3,507,257 1-4 ESSEX MANAGEMENT FUND 22,972,349 5-21 LONGWOOD INVESTMENT ADVISOR 169,651 22-29 GLAUSKIN SCHEFF & ASSOCIATES 1,373,442 30-45 NEVIS CAPITAL MANAGEMENT, INC 332,264 46-47 BARING ASSET MANAGEMENT 9,045,626 48-49 PLUS ADJUSTMENT 340,681

TOTAL 37,741,270

STATEMENT l(v

THE WILLIAM H DONNER FOUNDATION, INC 23-1611346

Page 49: Fom,990-PF Return of Private Foundation Treated 098990s.foundationcenter.org/990pf_pdf_archive/231/...X27 Travel,eonferences,andmeetings 103 545 5 177 93 368 Q~ E 22 Printing and publications

Forstmann-Leff Associates Inc REALIZED GAINS AND LOSSES

WILMM H DONNER FO UNDA rION, INC A ccount Number 350 - Custodian Number 0 748 7- 7

From 11-01-98 77trough 12-31-98 Gain Or Loss

Open Close Cost Date Date Ounn"ry Secuncy Basis Proceeds Short Term Mid-Term Long Term

09-25-98 11-06-98 200 SPX Corp 8 526 76 1222509 369833 03-2.3-98 11-19-98 5000 Hvide .Marinc Inc 105.17200 3249991 .72673 09 06-25-98 11-20-98 2300 Polaroid Corp 8452707 51 497 80 -3302927 03-23-98 11-23-98 1 800 Hvide Mmne Inc- 37,861 92 It 17529 -M686 64 03-23-98 11-23-98 5 700 Hvide Marine Inc 11989608 3633629 -8355980 10-05-99 11-24-98 4400 Apache Corp 11400400 111,38227 .2621 73 06-27-97 11-30-98 1 400 Best BUY, Co Inc 10,83397 80,95677 70 12280 10-23-96 12-01-98 7399 Healtimuth Corp 13894599 10044079 38 405 21 11-14-96 12-01-98 9600 Healduouth Corp 186,88800 130,315 6.4 -56 57f36 02-18-97 12-01-98 8,771 Healthsouth Corp 17322968 119,06437 -54 165 31 02-18-97 12-01-98 Z 930 Healdisouth Corp 58-22737 3976967 -ill 4S9 20 06-25-98 12-11-99 7900 Scienafic-Atianta. Inc 1 97,171 52 159908 15 -38.36337 06-26-98 12-11-98 2100 ScimitfiC-Allanti, InC. 52,59723 42,75604 -9,941 19 06-2(~98 12-14-99 5,600 Sczentific-ALIMM Inc 14025929 111 .043 16 -29.216 12 08-26-98 12-14-99 3700 Scientific-Adanta, Inc 80.19750 73,36781 -682969 06-25-98 12-15-99 2,300 Polaroid Corp 84,52707 42,52879 -41.99823 06-27-97 12-16-98 2,150 Best Buy. Co InQ 16.63793 11731093 100.67295 06-25-99 12-16-98 800 Polaroid Corp 29,400 72 14, 188 DO -15,21272 09-15-99 12-16-98 -18 S&P 500 Dec 98 Stock Index 5,247J60 00 4,662,720 00 .2.33,856 00 Future (CME) -350,784 00 10-30-98 12-17-98 2,495 Charter One Financtal Inc 6737500 66 11000 -1,26500 11-02-98 12-17-99 1,914 Charter One Finsaicud Inc 49.67032 49,07999 .159033 1 1-02-99 12-17-98 1 191 Charter One Finwcial Inc 33,41249 31 .555 15 .1,85734 11-02-98 12-19-99 2,438 Charter One Financial It= 69,40751 64,45247 -3,95504 11-03-98 12-18-98 662 Charter One Financutil InQ 19,39910 17.501 064 -89806 11-03-99 12-29-99 200 Chum One Financial Lac. 5,55864 5 12664 -43200 11-03-98 12-31-99 45 Charter One Fuassaccal Inc. 1,25625 1,24985 -640 1 1-03-98 12-31-98 1,361 Charter One Fmancual Inc 37,61250 37,628-26 15 76 TOTAL GAINS 3,71409 170,79575 000 TOTAL LOSSES .603,99208 000 -518,38609 7367356.37 6226AR111.06 .601XI77-" 1710917-11 .519-39fim TOTAL REALLEED GAIN/LOSS -947.768-33

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Gain Or Lou Open Close Cost Date Date Quantity Security Basis Proceeds

06-27-97 01-15-99 200 Best Buy, Co Inc 1 54771 1554770 06-27-97 01-19-99 900 Best Buy, Co Inc 6 19094 65,14246 12-01-99 01-19-99 100 Centocor Inc 324 835 1[ 32634055 12-01-93 01-ZO-99 1,400 Centocor Inc 56,14434 56 159% 06-27-97 02-04-99 100 Best Buy Co Inc 773 86 899663 06-27-97 02-05-99 200 Best Buy Co Inc 1 54771 16981 03 11-14-96 02-05-99 5000 Barnes & Noble Inc 81 4.0000 187,10725 10-01-97 02-05-99 1,700 EMC Corp 5029073 1664064 55 06-27-97 02-08-99 200 Best guy, Co Inc 1,54771 17,05743 06-27-97 02-09~99 200 Best Buy Co Inc 1,54771 1691493 06-27-97 02-10-99 2550 Best Buy . Co Inc 19,73330 21569022 06-30-97 02-10-99 1 450 Best Buy, Co Inc 10,77531 122.641 69 06-30-97 02-11-99 7,150 Beu Buy, Co Inc 53 133 44 6 1 7 544 91 09-05-97 02-11-99 250 Ben Buy . Co Inc 2.30047 21 .59248 12-16-93 02-22-99 .7 S&P 500 Mar 99 Stock Index 2.213 .015 00 2,061,762 50

Futum (CME) 07-24-98 02-25-99 3,850 Lovves Compannex, Inc 149 177 87 224,03942 07-24-99 02-25-99 11 750 Lo~ Compalum Inc 451 14242 683,75669 10-12-98 03-01-99 1,000 Astona Financial Corp 34,87500 45.14769 10~12-98 03-02-99 300 Astoria Financial Corp 10,46250 13,68278 10-12-99 03-02-99 100 Astonat lFinsiticial Corp 349375 4,56093 10-13-99 03-02-99 500 Astorta Financial Corp 17,56250 22,80464 10-14-98 03-02-99 200 Asian& Financial Corp %212 50 9 121 95 10.1" 03-02-99 300 Asians Financial Corp 10,61787 1368279 10-15-98 03-02-99 100 Astarns Financial Corp 3,61577 456093 10-15-98 03-03-99 500 Asuass, Financial Corp 1807885 22,82664 10-19-99 03-03-99 200 Asians lFintanciall Corp 8,09666 9,13063 10-20-99 03-03-99 400 Asians Financial Corp 16,96072 19,261-31 10-20-98 03-03-99 4DO Astcrus Financial Corp 17,05000 18 .261-31 11-14-96 03-15-99 11 .400 Cluternarkitsilm 247,707 18 3562950 09-24-97 03-15-99 2.300 Casessurk Rx Inc. 5326202 7,18340 10-01-97 03-15-99 600 CxcmwkRxl= 13.31946 1,37514 10-01-97 03-16-99 9,ODO Caremark Rx Inc. 199,79190 31,074 15 10-01-97 03-17-99 1 1 .400 Carenuark Rx ban. 253,06974 33,10448 10-03-97 03-17-99 5,700 Caremark Rx Inc 128,932 .29 16,552-24 01-19-99 03-17-99 2,700 Onintpoud Corporation 37,28997 32,54363 12-16~99 03-17-99 -11 S&P 500 Mar 99 Stock Index 3,586 .198 00 3.239,912 50

Future (CME) 02-12-99 03-17-99 -4 S&P 500 Mw99 Stock Index 1,304,072 DO 1,247,000 00

Funin: (CME) 03-04-99 03-17-99 -4 S&P 500 Mar 99 Stock Index 1,304,072 00 U45,460 00

Future (CME) 01-19-99 03-26-99 9.500 Onvalsount Corporation 131,20545 116.78720 01-20-99 03-26-" 500 Ontarpotat Corporation 7,25000 6.14670 01-20-99 03-26-99 600 Orissuptiont Coriscanstain 8,70000 7.26540 01-21-" 03-26-99 9,500 Oinsupotat Corporatican 150,49995 115,03546 01-21-99 03-26-99 6,900 Onumpowt Cortainstion 109,31049 SZ797.24 01-26-99 03-26-99 Z900 Orainpoust Corporation 4350000 34.79894 09-05-97 03-29-99 7 .500 Ben Bay . Co Inc. 34,507 12 386,927-34 09-OW 03-29-99 16,10DO Ben Buy . Cis Inc- 80,92354 866,493-24 09,42-97 03-29-" 9,100 Best Buy, Cis Inc. 54,56597 469.35050 D9142-97 03-30~ff 2,500 Best Buy, Co Inc. 14,99062 126,562.23 10-01-97 03-3049 21,200 Ben Buy, Co hic. 128 .24731 1,073,248 09 10-01-97 04-01-" 14,425 Ben Buy, Co Inc. 87,262.% 750,64761 03-17-99 04-07-99 -4 S&P 500 June 99 Stock 1 .337.572 00 U04,000 00

Index firove (CME) 07-24-98 04-14-99 1 .60D Loaves Compitnics. Lac. 61,43216 98.30D 72 07-24-98 04-14-99 100 Laws ConVaties. Im 3,09 51 6,10673 10-01-97 04-15-99 1400 EMC CoM 41 40766 159,112.31 10-05-98 04-15-99 1,500 EMC Corp 7255975 170,47801 07-24-99 04-15-99 ZIOO Livivcs Compstram I= 80,62971 125,72679 04-05-99 04-15-" 2X0 Owes: Cissininsucianints Inc, 226,381M Z39,604 51 07-24-99 04-16-99 550 Lowes Cossitianics, Inc 21 .117-30 32.41591 09L.1 1 .98 044&J)9 550 Leaves ConVmw& I= 20.2M 10 3Z415 92

Shan Terns Long Terns

1399999 iS 951 62

1 50544 15 62

3 212 77 15 433 32

105 707 25 116 123 82 15 509 72 1336722 19594692 [it 86638 5&4 411 47 19.29200 -90 .751 50

74.86155 23261425 10,27269 322028 1067 18 5 .242 14 1,90935 3,06491 945 16

4,74779 1,03399 U00 59 1,21131

-21107769 -46,073 62 - 1 14" 22

-169,717 75 -219,96526 -112.39005

4,74634 .139,514 .20 -207,771 30

-2Z823 31Z -34,24320

-23,44490 -35 16720

-14,41325 -1,103-30 .1 .43460 -3546449 -26,51325 -8,701 16

-13.42990

36,11H 56 2,26722

97,91926 45,09709 13,223 .26 11,29860 12,14781

117,705 15

I-

M`

Forstmann-Leff Associates, LLC I REALIZED GA1NS AND LOSSES

WILLL4M H. DONYVER FO UNDA TION, INC. Account Number 350 - Custodian Number 07487-7

From 01-01-99 Through 10-31-99

-60,501 00

352,32021 785564 70 414,73462 111,571 65 945,00023 663.39465 -2014320

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Forstmartn-Leff Associates, LLC REALIZED GAINS AND LOSSES

W7LLL,WH DONNER FOUNDATION, INC Account Number 350 - Custodian Number 07487-7

From 01-01-99 Through 10-31-99 Gain Or Lou

Open Close Cost Date Date Quantity Security Buts Proceeds SbortTerm Long Term

04-12-99 04-16-99 4400 Raytheon Company (Cim 276,02036 307 725 73 31 705 37 B)

02-13-97 04-19-99 2,721 Hcafthsouth Corp 5409099 3251486 -21 56602 10-01-97 04-19-99 9279 Healtimuth Corp 252,015 73 11089034 -141 135 44 1 0 .0 1 -97 D4.21-99 15 .200 Best Buy, Co Inc 91 95126 785,661 78 693 710 52 JO-01-97 04-27-9-9 27221 Healdwsouth Corp 73931692 37653549 -362 781 43 09-29-98 04-27-99 500 Healthsouch Corp 9,52500 691627 -1 608 73 04-06-99 05-14-99 2,100 Century Communications 94,76250 11745307 22.69057

Corp cl A 03-03-97 05-1 S." 300 St. Paul Bancorp, Inc 525000 786349 2613 49 03-04-97 05-18-99 900 St. Paul Bancorp, Inc 16~2()() 00 2359046 739046 03-04-97 05-19-99 600 St. Paul Bancorp, Inc 10 716 DO 15 72699 501098 03-05-97 05-19-99 600 SL Paul Bancorp, Inc 1071268 1572699 )01430 06-05-97 05-19-99 900 St. Paul Bancorp. Inc 1950000 2359046 409046 06.0&97 05-18-99 300 St. Paul Bancorp, Inc 650000 786349 1363 49 10-01-97 05-is-99 10,000 SL Paul Bancorp. Inc 256.250 DO 262 .116.25 5 86625 10-02-97 05.18." 4600 St. Paul Bancorp, Inc 12132500 12057349 .751 52 10-02-97 05-19-99 5 .100 St. Paul Bancorp, Inc 134,51250 133,62421 -88829 01-16-98 05-18-" 3,200 St. Paul Bancorp, Inc 7680000 83 942 64 704264 03-17-98 05-13-99 2,400 St. Paul Bancorp, Inc 62,493-23 62,88198 398 70 09~1 1-98 05-21-99 2~050 Lowes Companies, Inc 75,54475 111,16000 35,61524 03-17-99 D64 1-99 .15 S&P 500 June 99 Stock 4,901,520 00 4,890,000 00 -4,608 00-, -6,912 00^

Indent Futurc (CME) - 10-01-97 0& 17-99 2.200 Ben Buy, Co Ins: 13,30973 131,17612 117,86738 08-31-99 06-19-99 Q00 Commit Corp 30,54675 40,97063 I0.M 88 12-16-97 06-22-99 6,700 Mallon Resources Corp 61,97500 46.89843 -15,07657 12-16-97 06-22-" 700 Mallon Resiources Corp 6,47500 4,89913 -1 .575 17 04-06-99 06-25-99 7,000 Century Communications 315,97500 342.11359 26,23859

Corp cl A 10-01-97 06-30-99 1500 Best Buy. Co Ine . 9074 14 98,50276 8942862 12-16-97 07-01-99 7,200 Mallon Rmurces Corp 66,60000 50,399 .32 -16,201 69 11.14.% 07-01-99 0 Symbol Tedinclogics, Lnc. 712 1691 969 12-16-97 07-02-99 1 JOO Mellon Resicurces; Corp 12,02500 9 ON 69 -292531 12-16-97 07-02-99 3,950 Mellon Resources Corp 35,61250 26,94910 -8,66340 03-05-97 07-06-" 4,900 General Nuo . on Cos- Inc. 96,16250 120.27590 24,11330 04-29-97 07-06-99 5,000 General Nutntion Cos , Inc 105,46900 122,73041 17,261 41 05-29-97 07-06-99 2,100 General Nuts no Cos , InQ 47,25000 51.546 77 429677 D9-24-97 07-06-99 200 General Nuirmon Cm. hic . 5,78812 490922 -87890 10-01-97 07.0&99 7,600 General No== Cos, Inc. 21565000 186,55021 -2909979 01-23-98 07-07-99 1300 Adelpfuz Cosiumseucition ZZ750 00 80,90267 53,15267

(Clan A) 01-23-99 07-07-99 2600 AdehJus Communication 45,642.22 161,805-35 116,163 13

(Clan A) 01-26-99 07-07-99 600 Adelplua Conitiouncation 10,39750 37,33970 2695220

(Class A) - 011-12-98 07-07-99 5,000 AdelpluaCommumaciatim 160,00000 311 . L64 12 151 .164 12

(CL= A) 09-14-98 07-07-99 5,500 Adelphut Commumcation 186,31250 342,28054 155,%804

(Clm A) 10-01-97 07-07-99 1,000 General Nuumon Cos . Inc: 29,37500 24,56169 -381332 10-01-97 07-07-99 9.400 Ciencerail Nuontio Cw- I= 239.76792 206~318 12 -33,44980 10-01-97 07-07-99 1,800 General Nutintson CoL. hie. 5IJ78 94 44,16602 -721282 07-06-98 07-07-99 3,300 Ciensenal Nutirmoin Cos , loc. 104,27769 80,97105 -23J06 64 07-0&99 07-0749 500 General Nutration Cos- I= 15,79965 =65.24 .3,53441 1"5-98 07-07-W 4,400 Gascrail Nuarbon Cos, Inc . 53,99152 L07,934 12 5394260 10-15-99 07-07-99 300 General Noun= Cos, Inc 3 .681 .24 7J68 50 3,68726 09-14-99 07-09-99 600 Adelphiss Commuencom 20J25 00 39,11672 17,79172

(Class A) D3-05-99 07-08-99 3JO0 Marmiest Powsici Co I".0M DO 219,2%16 20 .273 16 08-14-98 0709 300 AdelplunCommunsciason 10.162.50 19,06615 3,90375

(CIM A) 12-16-97 07 09 99 IJ50 Mallon Resources Corp IZ487 50 9,44968 -3,03782 01-27-91 07-21-99 21,600 Pier I Imports Inc. 338,032.30 217,37719 -120,65552 01-25-98 07-21-99 a950 Pler I Imports Im 367.772-n Z30,9&3 .35 .136.80987 07-06-98 07-21-99 9,750 Pon I Imporn Inc. 135.76990 98,12169 -57649.21

2 r

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Open Date

Forstmann-Leff Associates, LLC REALIZED GAINS AND LOSSES

WLLIAM H DONNER FOUNDATION, INC Account Number 350 - Custodian Number 07487-7

From 01-01-99 Through 10-31-99

Gain Or Loss CIM Cast Date Quantity Security Bun Proceeds Short Terns Long Term

12900 ?its I Imports Inc 12900 Pia I Imports Inc 90600 Pier I Imports Inc 49,400 Family Dollar Starts. Inc 3,500 Conciat Corp 1 500 Toys 'R* Us Inc. 2000 Gencral Instrument Corp 10300 Gencral Instrument Corp 5000 G~ral Instrument Corp

16.700 Gencral Immuncia Corp -15 S&P 500 Scat 99 Stock

Indcx Future (IN" -5 S&P 500 Sept 99 Stock

Indipt Futurc (IN" -11 S&P 500 Scat 99 Stock

India: Futive (IW 15,700 Toys 'R' Us. Inc 19.900 Toys 'R' Us . Inc. 1,600 Sandak Corp Com 300 Sandisk Corp Cam

Z500 Sandisk Corp Cam 21,200 Sovereip Bancotp. InQ 5.000 Sovmtgn Bancorp. Inc 5,600 K Mart Corp

10948975 129 M 54 20-333 79 10948875 76613 10 -32 875 65 77463000 53807343 -23655657

1-20325062 979989 15 -223 .261 47 82-24125 126 16903 43 92778 31 38750 2_2424 25 -896325 4644760 9688637 30438 77 189,77750 49896479 309 18728 9462500 24121591 147 59091 543,75200 809001 16 265,249 16

495000000 4,950.187 50 75 00 112 50

1 650,00000 1 666,97500 6 750 00 10 125 00

3,630,000 00 3,619,999 90 -4,000 04 -6.000 06 084)4-99 09,46-99

04-21-99 09-29-99 04-27-99 09-29-99 02-24-99 10-01-99 02.24-99 10-04-99 03-0" 1044--99 11-02-98 10-06-99 11-03-99 10-06-99 09-09-93 10-19-99 TOTAL GAINS TOTAL LOSSES

328,52250 230,792-29 -97,74022 445,62799 277,92070 -16790729 45,95392 98.96198 53,00806 8,616J6 16,876-33 8X9 97 79,65900 14063605 60.97705

293.24264 192,91993 -1 OOJ22 71 70,03450 4549998 -24,53452 78,76344 55,74949 -2.3,01395

6335,35469 -2 13567192 4.149ARL77,

U58,719 17 -1-153,377 43

3SA",261-% 42JI"JX6.0 305341.74- \, TOTAL REALIZED GADVLOSS 4,455,024 51

11

09-11-98 07-21-99 09-11-99 0"5-99 09-14-99 0"5-99 04-05-99 08-11-99 08-31-99 08-2D-99 04-21.99 08-27-99 08-27-98 09-15-99 09-08-98 09-15-99 09-09-99 09-15-99 0"5-99 09-15-99 06-11-99 0946-99

06-2.5-99 09-16-99

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I I

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I

04-07-99 04-08-99 1,750 El AX COM INC 38.540 25 48,035 89 9,49564 04 08-99 04-08 99 300 VALUE AMER INC 18,01500 16.89694 -1 .11806 04 05-99 04-2999 5.000 FOX ENTLRTAINMEN f 139,62500 128 320 21 -11 30479

GROUP INC CL A 04-05-99 05-04-99 1,300 GETTY IMAGES INC 29,482 18 34,052 36 4,570 18 04-05-99 05-05 99 850 GET rY IMAGES INC 19.27681 24,277 32 5,00051 04-28 99 05-05-99 10,000 REPUBLIC SERVICES INC 168,75000 208,24304 3949304 04-05 99 05-11 99 8.000 VAN] IVE CORP 100,33360 64,661 83 -35,671 77 04-07-99 05-11-99 5,000 WANG LABORATORIES 98,75000 145,15066 46.40066

INC NEW 04-28-99 05 11-99 2 .000 WANG I ABORA I ORIES 48,125 00 58.06026 9,935 26

INC ISH W 04 05-99 05-13 99 900 GE TTY IMAGES INC 20,41074 24,749 IS 4,33844 04 28-99 05-13 99 1,000 GETI Y IMAGES INC 27,50000 27,49907 093 04-13 99 05 20-99 5,250 ECHELON CORP 53,32058 43,797 19 -9 523 39 04 28-99 05-2099 1 .350 PRECISION CASTPARTS 60,49336 53,56945 6,92391

CORP 04 28-99 05-21-99 600 PRFCISION CAS WAR FS 26,88594 23 425 01 -3,46093

CORP 04-28-99 05-24 99 2,050 PRECISION CASI PARTS 91,86029 79,21469 12,64560

CORP 04 14 99 05-25 99 2,650 Olin Corp 31,045 55 34,870 71 3,825 16 04-28 99 05 25-99 6,500 Olin Corp 89,44975 85,531 94 3,917 81 05-13-99 05-26-99 4 .150 7TII LEVI I INC 26,29399 28,53444 2,24045 05-14 99 05-2699 1,700 7TH LEVEL INC 10,341 25 11 .688 81 1,347 56 04-05 99 05-27-99 1,250 ROCK FINANCIAL CORP 23.69787 21 .913 39 -1,78448

CMI I 04 22 99 05-28-99 2,000 CYTEC INDUSI RIES, INC 54,791 60 54,244 79 546 81 04-23-99 05 28-99 900 CYTEC INDUSTRIES, INC 24,23250 24,410 15 177 65 0602-99 0602 99 300 7 I'Ll LEVEL INC 000 94998 94998 04-29 99 06 11-99 1,000 MILACRON INC 21 .05000 22,326 35 1,276 35 05 0699 06 11-99 5,000 MILACRON INC 114,61900 111,631 77 -2 .987 23 04-05 99 06-11-99 '7 .000 VANTIVE CORP 87,791 90 76,99743 -10,794 47 05-2099 0622-99 1 900 SYBRON CORP 50,92000 52,037 74 1,117 74 05-20 99 06-23-99 2,550 Roberts Phartraccu I ica I (. orp 48.09938 46,74707 1 .352 31 06-1099 06 23 99 1,300 Roberts Phauracculical Corp 23,952 50 23 831 84 -12066 06-16 99 0623 99 1,150 Roberts Pharrosiccutical Corp 21,46832 21,08202 386 30 04-28-99 06 24-99 3,300 CORDANF 146 .691 60 149,712 04 3,02044

TECHNOLOGIES INC

Please intake your 111CLI, paydblL to Longwood Inmarient Advisors, Inc

I

~A I I t I

Longwood Investment Advisors, Inc REALIZED GAINS AND LOSSES William H. Donner Foundation, Inc. Wilmington TrUNI Company - #07487-9

From 11-01-98 Through 10-31-99 Gain Or Loss

Open Close as[ Date Date Quantity Security Basis Proceed, Shari T,r,n I ong Tsrni

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Please make your check payable to Longwood Investment Advisors, Inc

2

Longwood Investment Advisous, Inc REALIZED GAINS AND LOSSES William H. Donner Foundation, Inc. Wilmington Trust Company - #0748 7-9

From 11-01-98 Through 10-31-99

(,am Or I bs Open Close Coil Date Dole Quantity Securily Bekli Proceeds Shorl I erm I ong I,i or

05-21-99 06-24-99 1 .250 INFOUSA INC NEW 9.218 75 9,687 17 468 42 06-16-99 06-24-99 1 .550 KhANrINC 41 .422 97 37,15096 4,272 11 04-22-99 06 24-99 1,300 KENNAMETAL INC 26,75569 35,88907 9,133 38 05-19 99 06 24-99 1,350 PATTLRSON DENTAL CO 49.443 75 46,982 48 -2,461 27 06 16-99 06-24 99 550 PATTERSON DEN FA L C 0 19,511 25 19,14101 -37024 06-17-99 06-2499 1,500 PATTERSON DLN rAL CO 53,293 50 52,202 76 1 09074 06-24 99 06-24-99 500 SOF1 WARE COM INC 7,50000 11,374 62 3,874 62 04-13-99 06-24-99 2,775 VALASSIS 96,502 11 103,82649 7,324 38

COMMUNICATIONS INC 04-21-99 06-24 99 4,350 VALASSIS 154 .167 19 162,755 04 8,587 85

COMMUNICATIONS INC 06 25-99 06 25-99 250 JUNIPER NETWORKS 8,50000 24,405 43 15,90543 06-16-99 06 30-99 350, KEANEINC 9,353 57 7,304 71 2,04886 06-17 99 06-30-99 850 KLANEINC 23,09662 17,74001 -5.35661 04-08-99 07 02-99 2,400 DELOLOBAI 19,32000 22,379 25 3,059 25

TECHNOLOGIES 05-06-99 07 02-99 11,700 MENTOR GRAPHICS 154,293 75 143 778 84 F0 .514 91

CORP 05 03 99 07-02 99 6,000 NORTEKINC 173,17500 185,60440 1242940 04 20 99 07-0299 15.000 SIMPSON INDUSTRIES 154.68750 149,97997 -4,707 53

INC 05-0699 07 07-99 3,300 MEN] OR GRAPHICS 43,518 75 40 .81568 -2 .703 07

CORP 05-11-99 07-07-99 750 MEN rok GRAPHics 10.413 52 9 27029 -1,137 23

CORP 05-03 99 07 07-99 1,000 NORTLKIN( 28,862 50 32,133 72 3,271 22 05-11-99 07 08 99 2,850 MENTOROPAPHICS 39,571 39 35,720 13 3,851 26

CORP 06 30 99 07-08-99 1,200 MENTOR GRAPHICS 15.37500 15 .04006 334 94

CORP 04 05-99 07 09 99 750 ROCK FINANCIAL CORP 14,218 72 1 J .09 1 5() -1,127 22

(MI) 04-06-99 07 09 99 1,300 ROCK FINANCIAL CORP 24.432 20 22,691 90 -1,74030

(MI) 04 08-99 07-09-99 800 ROCK FINANCIAL CORP 14,90000 13,964 30 -93570

(MI) 04 09-99 07-09-99 1,700 ROCK FINANCIAL CORP 34,85000 2967400 -5.17600

(MI)

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Longwood Investment Advisors, Inc REALIZED GAINS AND LOSSES Withum H. Donuer Foundatiou, Inc. Wilmington Trust Contputiy - #07487-9

Ftoin 11-01-98 Through 10-31-99

Gain Or I as% Open Close Cost Date Dale Quantity Security Basis Procceds Shari TLrm I ong I, rin

06-14-99 07-14-99 2,500 POLAROID (ORP-WIRIS 50,64575 63,72062 13,074 87 TO PUR

06 18-99 07-14-99 700 POLARCIIDCORP-WIRTS 15,97498 17,841 77 1,1166 79 TO PUR

06-22 99 07-14-99 400 POLAROID CORP-W/R IS 10,23668 10,19530 41 38 TO PUR

06-17-99 07 15-99 1,050 KEANEINC 28 531 12 26,342 68 -2,188 44 06-24 99 07-15-99 200 KEANEINC 5,018 34 5,01765 -061) 04-20-99 07-15-99 10,000 SIMPSON INDUSTRIES 103,12500 101,581 61 -1,543 39

INC 04-05 99 07 16-99 2,750 COLUM131A 17,337 37 19,369 52 2,032 14

LABORATORIES INC 07-20-99 07-20 99 1,000 TA[ K CITY INC 12,00000 L3 887 53 1,887 53 06-30 99 07-21-99 1,650 DEVON ENERGY 59,58563 5S,90303 68260

CORPORATION NEW 07-21 99 07-21 99 100 MP3 COM INC 280000 7,90598 5 . 105 98 06 07-99 07-22 99 1,250 CONMFDCORP 41,992 25 38,82683 -3 165 42 07-15 99 07~29 99 2,000 LIGAND 21.87500 18 538 58 3,33642

PHARM A( EUTICAL - H 07-15-99 07 29-99 1,500 MICRO WAREHOUSE INC 24,531 30 21 608 57 2,922 73 04-05 99 08-02 99 2,350 Lodgcnct Entertainment 15,15750 31,039 47 15,88097

C 07-15 99 08 02 99 750 ORO WAREHOUSE INC 12,26565 J0,335 63 -1,93002 07 15-99 08-03-99 900 LIGAND 9.843 75 8,58643 -1,257 32

PHARMACEUTICAL - B 07-16-99 0"3-99 1,450 LIGAND 15,95000 13,833 70 -2,11630

PHARMACEUTICAL - 8 04 05 99 08 03 99 3,100 1 udgenct Eniertamment 19.99500 39,523 68 19,52868

Corp 07-15 99 08-03 99 1,650 MICRO WAREHOUSE INC 26,98443 22 48050 -4,50393 07 01-99 08-03 99 1,200 VISIOCORP 44.662 56 37,573 75 7,089 81 07 02 99 08 03-99 1,200 VISIOCORP 45,22500 37,573 75 7,651 25 07 06 99 08-03-99 1,250 VISIO CORP 47,578 13 39,139 32 -843881 04-12-99 08-04-99 5,750 VISHAY 76,54400 119,118 19 42,574 19

INTERTECHNOLOGY INC 04-05 99 08 05-99 5,000 COMMSCOPE INC 101,97800 164,744 50 62,760 50 07-15 99 08 06 99 4.100 MICRO WAREHOUSE INC 67,052 22 55,118 15 11,934 07 04 05 99 08-09-99 1,650 Lodgenci Entertainment 10,64250 20,129 32 9,48682

Corp

Please nwke your LhLek payable to Longwood Investment Advisors, Inc

3

I

i

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Longwood Invesiment Advisors, Inc REALIZED GAINS AND LOSSES William 11. Donuer Foundaliou, hic.

Winihigion Trust Company - #07487-9 Ftom 11-01-98 Through 10-31-99

I

Please rnalke your check payable ro Longwood Invesuncril Advisors . Inc

4

Open Close Dole Date Quanilly Securily

04-05 99 08 10-99 5,800 ILEX ONCOI OGY INC 04-22 99 09-11-99 I,SGO GENCORP INC-WIRTS 10

PUR PRLF 04-2699 08-11-99 900 GENCORPINC-WIRFS 10

PUR PREr 07-23 99 08-24-99 3,000 CANDEI A LASER CORP 05-1299 08 24-99 6,000 TALK COM INC 04-05 99 09-25 99 850 ILEX ONCOLOGY INC 04-05 99 08-25 99 1,400 ILEX ONCOI OGY INC 04-05-99 08-25 99 400 Lodgenel I-nicilainn-mcni

Corp 04-28 99 08-25-99 1 .250 Ludgcnct Unterrimmeni

Corp 05-1999 08-3099 1,300 SAN6S1 A I MEDICAL

CORP 05-21 99 08-3099 3,7110 SANGSIAI MEDICAL

CORP 05-21 99 08-31 99 1 00 SAN(rS I A I MEDICAL

COFLP 07-02 99 08-31 99 3,900 US ON(Ol OGY INC 04-26-99 0901 99 400 GENCORP INC-W/R1 S 10

PUR PREF 04 28-99 09-01-99 3 .600 GLNCORP INC-WIRTS 10

PUR PREIF 07-0699 09 02-99 2 .100 ABGENIX, INC 05-12 99 0902 99 1,800 TALK COM INC 09 2099 090299 1,050 VERTEX

PHARMACEUTICALS 07-0699 09-03 99 3.050 ABOENIX, INC 04 28-99 09-03-99 750 Lodgcnel Enicriarnmeni

( orp 05-0699 0903-99 450 Lodgenel Enteridunricni

Corp 07 02-99 0903-99 4,100 US ON( OLOGY INC 08 20-99 09 03-99 850 VERIEX

PHARMACIFUTICALS 08 20-99 0903-99 50 VERTEX

PHARMACELIFICALS

6ain Or I us, Cum Basis Proceeds shorl I'm) I ung I Lrin

58,72500 74,997 29 16 272 29 35,144 10 32 195 81 -2,948 29

20,93346 19,31750 -l'blsl)6

42,00000 49,873 33 7,873 13 74,081 40 64 .497 85 -9,583 55 8.60625 15,140 12 () 533 87 14 17500 24,717 99 10,142 91) 2,58000 5,57981 2,99') 81

11,171 87 17,436 92 6 265 04

19.987 50 25,43040 5,4421)0

5383500 72,378 83 18,543 83

1 .45500 1,94993 49493

49.34709 39,364 50 9,982 59 9,303 76 8,704 71 59905

84,74400 78,342 38 6401 62

41,212 50 80,847 30 39,634 80 22,224 42 18,89937 -3 .32505 28,199 11 31,653 92 3,45480

59,856 25 117,954 81 58.098 56 6.703 12 10,18091 3 .477 78

4,387 50 6,168 54 1,781 04

51,877 71 38 .415 71 13,462 00 22,827 85 2701040 4 182 34

1 .342 81 1 .588 84 24602

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1 1

I I I

Longwood Invesiment Advisors, Inc REALIZED GAINS AND LOSSES William 11. Donner Foundation, Inc.

Wilmington Trust Company - #07487-9 From 11-01-98 Thiough 10-31-99

Gain Or I ass Open Close Cost Date Date Quantity Security Basis Proceeds short rcrin I Ong I'rin

05-0699 09-07-99 450 Lodgenct I-nicnaini-nent 4,38750 5,84980 1 462 30 Corp

05-12-99 09 07-99 3,050 TALK COM INC 37,65804 32,633 91 5.024 13 05-06-99 09-08-99 1,400 Lodgenct Entertainment 13,65000 18,09 39 4,549 39

Corp 05-12-99 09-08 99 4,850 1 ALK COM INC 59.88246 55,47003 4,412 43 07-02-99 09 08-99 2.200 US ONCOLOGY INC 27,836 82 21,724 27 oj 12 35 07-06-99 09 08 99 1 .250 USONCOLOGYINC 15 .937 50 12,343 34 -3,594 16 05-0699 09-09 99 700 Lodgcnet Fulertautirent 682500 9,143 45 2,318 45

Corp 05 12 99 09-09 99 3,000 Lodgenct Enict(ainnicni 29,02500 39,186 18 10 .1ol 18

Corp 06-24 99 09-10-99 1,350 KLANEINC 33,973 80 34,705 18 831 38 06-29-99 09-1099 1,650 SMURH f-S fONE 33,171 93 39.83924 6,667 31

CONTAINER(ORP 06 2999 09 13-99 700 SMU"IT-STONE 14.07294 17,041 42 2 968 4H

CONTAINER CORP 06-3099 09-13-99 3 .700 SMURI IT-,SFONE 76,443 11 90.07608 13 632 97

CONTAINER CORP 06-25-99 09 14 99 1,200 Cora, Labs Inc 4P200 00 11,92470 4p724 70 06-22-99 09-14 99 1,500 POLAROID CORP-WIRIS 38p387 55 42p999 51 4,611 96

10 PUR 06-24 99 09-14-99 1 P800 POLAROJI)CORP-W/RTS 49,81500 51 p599 41 1,7S4 41 TO PUR 06-25-99 09 14-99 1,000 POLAROIDCOkP-W/RTS 27,112 50 28,666 35 1 P553 85

TOPUR 06-28-99 09-14 99 100 POLAROID CORP WIRTS 2P615 63 2,80663 251 00

TOPUR 05-06-99 09-14 99 3000 ... SCOTFISII ANNUNITY 31 .374 90 29p436 51 -1 938 39

& I IFE 05-12-99 09-14-99 2,400 TALK CUM INC 29,63256 25,774 18 -3,858 38 05-12-99 09-14-99 5o rALK COM INC 617 34 53696 -8038 06 28-99 09-15-99 650 POLAROID CORP-WIR IS 17001 60 18,797 11 1,795 51

TO PUR 07-02 99 09 15 99 1,050 POLAROID CORP W/RTS 29,846 25 30p364 56 518 31

TOPUR 05 12-99 09-15-99 1,850 TALK COM INC 22 .1141 76 21,179 39 - 1 P(,62 37 06-3099 09-15-99 1,850 TALK COM INC 20648 78 2 1 PI 79 38 53060 04-29-99 09 23 99 7,800 MERIDIAN GOLD INC 45,56526 46,19862 633 36

Picase niake your check payable to Longwood Investment Advisors, Inc

5

~tlb 4W~

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9

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Longwood Investment Advisors, Inc REALIZED GAINS AND LOSSES William H. Donner Foundation, Inc. Wilmington Trust Company - #07487-9

Fions 11-01-98 Through 10-31-99

25,11658 19,87607 -5,24051

23,812 50 2 872 40 -20,940 10 20.70000 2 .63991 -18,06009 65 .55000 7,66054 -57,88946 56,26500 41,704 33 -14,56067

10,417 50 7,582 61 -2,834 81)

40,99953 38.79564 -2,203 89

17 .38840 13 .941 99 -3 446 it

13,72800 11 .360 10 -2,367 90

8,28607 6 712 80 1 573 27

7,20000 7.22682 2682 31,538 10 24.55861 -6,97949

9,137 37 7 .367 54 -1 .769 83

54.79085 49,003 25 5 787 (0 1,274 78 1,043 64 -231 14

78,12000 65,74964 -12 37036

42,738 75 59 13076 1639201 22,16088 28,545 89 6,38501 22,593 05 29 .032 57 6439 52 3,60000 7,79974 4.19974

29,62500 2804906 -1,57594

Please make yuu, check paymble to Lunji.ood Invcb1nncn1 AdyisorN Inc

7

Open Close Date Dale Quantity Security

0"9_99 10-08-99 1,950 VARCO IN I ERNA I IONAL INC

04-1999 10-1499 1,250 CAREMA I RIX CORP 04-29-99 10 14 99 1,200 CAREMATRIX CORP 04-29-99 10-15-99 3,800 CAREMA rRIX CORP 09-13-99 10-18-99 3,300 .. . FOREST OIL CORP

NEW 09-1499 10-18-99 600 . . . FORESrOIL(ORP

NEW 0"2-99 10 1999 1,300 PRE-PAID LEGAL

SERVICES INC 080999 10 19-99 1 .350 VARCO INI ERNATIONAL

INC 08-10 99 10 19 99 1,100 VAK 0 IN I ERNATIONAL

INC 08-11 99 ](1 19 99 650 VAR(OINThRNATIONAL

INC 09 28-99 10 2099 600 FRLESI]OP COM INC 08-02 99 10 20 99 1,000 PRL PAID LLGAL

SERVICES INC 08 04 99 10 2099 300 PRE PAID I EGAi

SERVICES INC 08 24-99 W-20 99 3,950 TEKELLCINC 08 11-99 10-2099 100 VARCO INTERNAI IONAL

INC OS 31 99 10-20-99 6.300 VARCO INTERNATIONAL

INC 07-15 99 10 25 99 2,900 HARBINGER CORP 07-1699 10-25 99 1,400 liARIIINGER CORP 09-14 99 10 27 99 2,050 ASPEN I CCIINOLOGY INC 10-27 99 10 27 99 200 INIERIRLIST

TECIMOLOGIES CORP 06 21-99 10-28 99 L 1,500 ARTESYN

rECHNOLOWES INC

Gain Or I os~ Cost Basis Proceeds Short Term I ng I trin

Page 77: Fom,990-PF Return of Private Foundation Treated 098990s.foundationcenter.org/990pf_pdf_archive/231/...X27 Travel,eonferences,andmeetings 103 545 5 177 93 368 Q~ E 22 Printing and publications

Longwood Investment Advisors, IIIL REALIZED GAINS AND LOSSES Wifflum H. Donner Foundation, Inc.

Wilmington Trust Compaity - #07487-9 From 11-01-98 Thiosigh 10-31-99

Gain Or I ass

Short I erm I Ong I Lrol

38,82694 768,755 40 11 'jo -599,10466 1) 00 169,65080 000 6,844,932 72 7,014,493 52

I

Please make your check payable to Longwood Investinent Advisors, Inc

8

)-b ltl~o

Open Close Date Dale Quantity Security

06 25-99 10-29 99 13.850 Curms Labs Inc TOTAL GAINS TOTAL LOSSES

I-OTAL REALIZED OAIN/LOSS 169,65080

( G .t Basis Proceeds

48,47500 87,301 94

i

. I

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Giun Or Low Open Close Cost Date Date Quantity Security Basis Proceeds Short Term Long Term

-8,12500 -300.00 -600.00 320.87

1,98750 361 .78 009

-25,42516 -15,438 .43 -2,89471

-28,746 .95 -19,453 .27

N~ Capsm] Simpm-c. 1= 1119 st Paul St P ~ MD 21202

4(0

Nevis Capital Management, Inc. REALUED GAINS AND LOSSES Witliam H. Donner Foundation, Inc. Wilmington Trust acct # 07487-8

From 10-31-98 Through 10-31-99

10-01-97 12-10-98 2,500 Access Health 87,81250 93,661 .12 10-01-97 12-11-98 3,000 Sterling Software 53,99625 75,36498 10-01-97 01-12-99 1 McKesson 4910 61.50 10-01-97 02-24-99 1,000 Clear Channel 32,29250 59,75050 10-01-97 04-01-99 4,023 McKesson 263,38840 270,819.72 10-02-97 04-12-99 4,200 Hearst-Argyle TV 128,62500 96,344.78 10-01-97 04-21-99 9,000 Sterling Software 161,988.75 167,389.00 07-09-98 05-11-99 5,000 Building One Services 120,62500 112,50000 07-14-98 05-11-99 200 Building One Services 4,80000 4,500.00 07-28-98 05-11-99 4,800 Building One Services 108,60000 108,000.00 06-29-98 05-11-99 1,100 Building One Services 24,42913 24,750.00 06-18-98 05-11-99 5,300 Building One Services 117,262.50 119,250.00 06-19-98 05-11-99 965 Building One Services 21,344.89 21,70667 r 9-98 05-11-99 0 Building One Services 574 583 (A,L9-98 06-10-99 2,635 Building One Services 58,29938 32,87422 06-22-98 06-10-99 1,600 Building One Services 35,40000 19,961 .57 06-24-98 06-10-99 300 Building One Services 6,63750 3,742.79 06-25-98 06-10-99 3,000 Building One Services 66,174.90 37,427.95 08-25-98 06-10-99 4,300 Building One Services 73,10000 53,646.73 10-01-97 06-10-99 4,600 Sterling Commerce 167,88850 151 .518.94 10-02-97 06-14-99 1,000 Rational Software 15,66250 35,12382 10-02-97 07-14-99 4,000 Rational Software 62,65000 152,494.91 10-01-97 07-14-99 3,400 Sterling Commerce 124,09150 95,178.12 10-01-97 07-16-99 2.800 Clear Channel 90.41900 203,021 22. 10-02-97 07-16-99 5,700 Rational Softwarr 89,276.25 197,940.46 10-01-97 09-24-99 200 Clear Channel 6,458.50 15,162.49 10-01-97 10-04-99 500 Clear Channel 16,14625 39,25654 10-01-97 10-07-99 2,000 Clear Channel 64,58500 151,12495 10-28-97 10-28-99 3,000 MidAmencan Energy 105,55500 100,272.85

Holdings Company

5,84862 21 .36873

1240 27,458.00 7,431 32

-32,28022 5,400.25

-16,36956 19,461 .32 89,84491 -28,913.38 112,602.22 108,564.15

8,703.99 23,110.29 86,539.95 -5,282.15

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Gain Or Loss Open Close Cost Date Date Quantity Security Basis Proceeds Short Term Long Term

10-01-97 10-28-99 5,100 NhdAmencan Energy 173,38725 170,46394 -2,92341 Holdings Company

2,280,951.28 2,613,215.4

N~ Captd Mankgtmmt. lur-1119 st Paw St B-* --vw MD 212U2

2

q1

Nevis Capital Management, Inc REALIZED GAINS AND LOSSES Wffliam H. Donner Foundation, Inc. Wihnington Trust acct # 07487-8

From 10-31-98 Through 10-31-99

TOTAL GAINS TOTAL LOSSES doom TOTAL REALIZED GAINILOSS 332,264.16 NO CAPITAL GAINS DISTREBUTIONS

2,67025 516,34615 -100,983 52 -85,768 7: -98,31S.27, -Qii,577A3~

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4. The Board shall be composed of not less than (a) the greater of three or the number of members of the Corporation elected as Trustees nor more than (b) thirty Trustees, the precise number within those limits to be designated by the Board from time to time, and, until such time as the required designation shall have taken place, the Board shall be composed of the number of members elected as Trustees. The election of a Trustee shall require the afEirmative votes of not less than 3 )/4 of the members present in person or represented by proxy at an annual or special meeting of the members. At each annual meeting of members, the

C

BY-LAWS OF

TIE WMLIAM H. DONNER FOUNDATION, INC

(As amended through January 23, 1999)

OFFICES

I The Corporation may establish and maintain ofEces in any of the states of the United States, possessions, cities or towns therein and at such places as may from time to time be appointed by the Board of Trustees

SEAL

2 The corporate seal shall be circular in form and shall have mscnbed thereon the name of the Corporation, the year of its orgam ation and the words "Corporate Seal" and-"District d Columbia" The Corporation may alter and change said seal at its pleasure, said seal may be used by causing it or a facsunile thereof to be impressed or afE!xed or reproduced or otherwise .

BOARD OF TRUSTEES

3 The concerns, direction- and- management of the affairs of this Corporation shall be vested in the Board of Trustees each of whom shall be of M age and who shall pursue such policies and principles as shall be in accordance with the provisions of the Certificate of Incorporation or these By-Laws, and the statutes of the District of Columbia. A Trustee need not be a member of the Corporation .

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8. At each annual and special meeting of the Board, the Special Advisors (in the order of seniority if both are present) and in the absence of any Special Advisors, the Progr= Officer shall preside over all meeting of the Board. In the absence of the Special Advisors and the Proaram Officer, the Trustees uresent shall elect a Chairman to preside at the meetincr

members shall elect the number of Trustees required to U the Board of Trustees, each of whom shall hold office until the next annual meeting of members and until his successor shall have been duly elected and qualified or until his death or resignation .

5 If any vacancy shall occur among the Trustees, including any vacancy created by an increase in the number of Trustees, and such vacancy shall occur more than ninety days prior to the next annual meeting of members such vacancy may be filled at a special meeting of members called for that purpose in accordance with the provisions of Paragraphs 15 and 16 of these By-Laws and held within fifty days after such vacancy shall have occurred.

6 . Meetings of the Board shall be held at such place within or without the District of Columbia as may from time to time be fixed by resolution of the Board and as may be specified in the notice or waiver of notice of any meeting . Meetings may be held at any tune upon the call of the President, the Secretary or any two of the Trustees lia office by telegraphic or written notice, duly served upon or given, sent or mailed to each Trustee not less than two days before such meeting Meeting may be held, without notice, at any time and place if all the C, -'s Trustees are present. A regular annual meeting of the Board may be held without notice immediately follovnng each annual meeting of members at the place of such meetmg. Other regular meetings of the Board may be held without notice at such tame and place as shall from nine to time be determined by resolution of the Board.

7 . A majority of the Trustees shall constitute a quorum for the transaction of business, but if at any meeting of the Board there shall be less than a quorum present, the Trustees present may adjourn the meeting from time to time without notice other than announcement of the adjournment at the meeting, and at any adjourned meeting at which a quorum is present any business may be transacted which might have been transacted at the meeting as originally noticed .

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14. An annual meeting of members of the Corporation, commencing with 7 1 the calendar year 1999, shall be held in September of each year, when they shall elect Trustees by the affirmative vote of 3144 of the members present in person or represented by proxy, and transact such other business as may properly come

-.0 1,

9 The Board may provide for such committees or other bodies of individuals as it shall deein wise and the Board of Trustees may delegate to such committees such duties and powers from time to time as it shall deem necessary or desirable .

10 The members of the Corporation shall be the lineal descendants by blood, and not by or through adoption, of the late William Henry Donner who have reached their majority Each such lineal descendant shall automaticaHy become a member upon avzi=g the age of 21 years . No person who is not a lineal descendant by blood of the late William Henry Donner shall become a member All members shall have equal rights to participate in the affairs of the Corporation regardless of sex, including the right to serve as a Trustee

I I Each member of the Corporation shaU have the right to serve as a Trustee of the Corporation for the ensuing year provided such member gives the Corporation written notice that such member desires to serve as a Trustee prior to the election of Trustees for such year at the annual meeting, and each other member of the Corporation, in consideration of such other member's reciprocal right to serve as a Trustee, agrees to vote for the election of such member as a Trustee Any member who chooses not to serve as a Trustee for any year may do so without waivina or adversely affecting such member's right to serve as a Truste .- for any subsequent year or years .

12 . A member may resign at any time by submitting his resignation in writing to the Board of Trustees . A member who has resigned may subsequently be reinstated at the first annual meeting of members held after the effective date of such resignation or at any subsequent special or annual meeting .of members The aff=-atve vote of a majority of the members present at such annual or special meetingo, of members shall be required for reinstatement .

13 Meetings of the members shall be held at the principal offce of the Corporation or at such place as shall be stated in the nonce of the meeting, or in duly executed waivers of nonce thereof.

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19 'When a quorum is present or represented at any meeting, the vote of a majority of the members, present in person or represented by proxy, shall decide any question brought before such meeting, unless the question is one upon which, by express provision of statute, the CertLficate of Incorporation or these By-Laws, a different vote is required, in which case such express provision shall govern and 1~

'i I I r)

before the meeting The date and time of any annual meeting may be changed to another date and time by the President or the Board of Trustees with the written or oral consent of ' )/4 of the members. In fixing the date and place of the annual meeting, the Board of Trustees shall give consideration to the convenience of the members.

15 Special meetings of members for any purpose or purposes, unless otherwise prescribed by statute or by the Certificate of Incorporation, may be called by resolution of the Board of Trustees or by the President or by any two members who shall jointly send a notice meeting the requirements of Paragraph 15 of these By-Laws.

16 Written notice of every meeting of members, stating the time and place thereof, and, if a special meeting, the purpose or purposes for which the meeting is called, shall be served not less than ten nor more than forty days before the meeting, either personally or by mail, upon each meinber entitled to vote at such meeting . If maaled, such notice shall be directed to a member at his address as it shall appear on the books of the Corporation.

17 Business transacted at any special meeting shall be confined to the objects provided for m the notice thereof.

18 A majority of the members of the Corporation present in person or represented by proxy, shall be requisite and shall constitute a quorum at all meetings of members for the transaction of business except as otherwise provided by statute, the Certifcate of Incorporation or these By-Laws . If a quorum shall not be present or represented, the members entitled to vote thereat, present in person or represented by proxy, shall have power to adjourn the meeting from time to time without notice other than announcement at the meeting until a quorum shall be present or represented. At any adjourned meeting at which a quorum shall be present or represented any business may be transacted which might Have been transacted at the meeting as originally noticed .

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23) The Board - shall elect, as executive officers, a President, a Vice-President, a Secretary and'a Treasurer, each of whom shaE be a member and a Trustee and in its discretion one or more Assistant Secretaries and Assistant Treasurers . Such officers shall be elected annually by the Board at its first meeting following the annual meeting of members, and each,shall hold office until the corresponding meeting of the Board in the next year and until his successor shall have been duly elected and qualified or until his death, resignation or removal in the manner hereinafter provided. The same person may at the same time hold more than one office, except that the President shall not also be the Vice President or the Secretary Except to the extent, if any, that the Board of Trustees shall specifically authorize and direct one or more of the persons holding such offices to directly perform the executive, administrative and operational duties of such offices described in the following By-Laws, such duties shall be performed for such persons by the Special Advisors and the remainder of the staff of the Corporation in the manner determined by the Board of Trustees or by the Special Advisors in absence of a determination by the Board of Trustees and in absence of the Special Advisors, by the Program Officer; and the principal duties of such officers shall be

-ho

control the decision of such question. Each member shall be entitled at every meeting of members one vote and such votes may be cast either in person or by proxy.

20 Every proxy must be executed in writing by the member or by his duly authorized attorney No proxy may be voted by a person who is not a member and no proxy shall be valid after the expiration of eleven months from the date of its execution unless it shall have specified therein its duration .

21 At any meeting of members if the Chairman shall so deterinme, a vote may be taken on any matter by secret ballot, and shall be so taken . on the request of any member entatled to vote on such matter.

22 The President or a person appointed by the President shall call meetings of members to order and shall act as Chairman thereof. The Secretary of the Corporation, if present, shall act as Secretary of all meetings of members, and in his absence, the meeting Chairman may appoint a Secretary

OFFICERS

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29 The Treasurer shall have charge of and be responsible for all funds, securities, receipts and disbursements of the Corporation, and shall deposit, or cause to be deposited, in the name of the Corporation, all moneys or other valuable effects in such banks, trust companies or other depositories as shall, from time to time, be selected by the Board; he may indorse for collection on behalf of the Corporation, checks, notes and other obligations; he may sign receipts and

(, i 10>

to represent the Corporation m ceremonial functions and other activities of a public relations nature

24 Any vacancy in any office, including a vacancy created by the creation of a new or additional office, may be filled for the unexpired portion of the term by the Board, at any regular or special meeting .

25 The President of the Corporation shall preside over Trustees' Meetinas, and, subject to the directions of the Board and its duly appointed committees, shall have and exercise direct charcre of and general supervision over the, business and affairs of the Corporation and shall perform such other dunes as from time to time may be assigned to him by the Board.

26 Each Vice-President, if elected, shall have and exercise such powers and shall perform such duties as from time to time may be conferred upon or assigned to him by the Board or as may be delegated to him by the President .

27 The Secretary shall keep the minutes of all meetmas of members and of the Board in books provided for the purpose, he shall see that all notices are duly given in accordance with the provisions of law and these By-Laws, he shall be custodian of the records and of the corporate seal or seals of the Corporation; he shall see that the corporate seal is affixed to all documents, the execution of which, on behalf of the Corporation, under its seal, is duly authorized, and when the seal is so affixed he may attest the sarn , and in general, he shall perform all duties incident to the office of a secretary of a corporation, and such other duties as fa-om time to time may be assigned to hun by the President or the Board.

28 The Board may appomt one or more Assistant Secretaries who in order of their seniority shall, in the absence or disability of the Secretary, perform the duties and exercise the powers of the Secretary and shall perform such other dunes and for such term as thePresident or the Board shall T)rescnbe

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36. All contracts, agreements, endorsements, assignments, transfers, stock powers or other u1strunients (except as provided in Paragraphs 35 and 37)

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vouchers for payments made to the Corporation, singly or jointly with another person as the Board may authorize, he may sign checks of the Corporation and pay out and dispose of the proceeds under the direction of the Board; he shall render to the President and to the Board, whenever requested, an account of the financial condition of the Corporation, and in creneral, shall perform all the duties incident to the office of a treasurer of a corporation, and such other duties as from time to time may be assigned to him by the President or the Board.

30 The Board may appoint one or more Assistant Treasurers who in order of their seniority shall, in the absence or disability of the Treasurer, perform the duties and exercise the powers of the Treasurer and shall perform such other duties and for such term as the President or the Board shall prescribe

31 The Board may appoint such other subordinate officers as it may deem desirable Each such officer shall hold office for such period, have such authority and perform such duties the Board may prescribe The Board may, from time to time, authorize any officer- to appoint and remove subordinate off clers and to prescribe the powers ahd duties thereof.

32- The Board shall have power to fix the compensation of all officers of the Corporation. It may ailthonze any officer, upon whom the Dower of appointing subordinate officers may havebeen conferred, to fix the compensanon of such subordinate officers,

3 33 Any officer of the Corporation may be removed, with or with cause, by a majority vote of the whole Board at a meeting called for that purpose .

34 The Board may require any off cer of the Corporation to give a bond 3 to the Corporation, conditaoned upon the faithfid performance of his duties, with one or more sureties and in such amount as may be satisfactory to the Board.

35 All checks and drafts on the Corporation's bank accounts and all bills of exchange, promissory notes, acceptances, obligations and other instruments for the payment of moneys shadl be signed by such officer or officers, acrent or agents as shall be thereunto authorized from time to =e by the Board.

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41 Any action required or permitted by statute or the Certificate of Incorporation or the By-Laws to be taken at a meeting of members or of the Board of Trustees or of any committee of the Board of Trustees may be taken without a meeting if a consent in writing is signed by all of the members of this Corporation

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shall be signed by the President or any Vice-President and by the Secretary or any Assistant Secretary or the Treasurer or any Assistant Treasurer, or by such other officer or officers, agent or agents as shall be thercunto authorized from tune to nine by the Board.

3 3 7 - disability a Vice-President of the The President, or in his absence or Corporation may authorize from time to time the signature and issuance of proxies to vote upon shares of stock of other companies standing in the name of the Corporation . All such proxies shall be signed in the name of Elie Corporation by the President or the Treasurer or a Vice-President .

.38 Whenever under the provisions of law, the Cenaf cate of Incorporation of the Corporation or these By-Laws, the Corporation or the Board or any committee thereof is authorized to take any action after notice to members or the Trustees or the members of such committee, or after the lapse of a prescribed period of time, such action may be taken without notice and without the lapse of any period of time, if at any time before or after such action be completed such requirements be waived in writing by the person or persons entitled to said notice or entitled to participate in the action to be taken or, in the case of a member, by his attorney thereunto authorized.

39 The fiscal year of the Corporation shall commence on November I 3 and terminate on October 31 unless another period shall be determined by the Board-

40 These By-Laws may be amended by the aff:iative vote of 3/4 of the menibers, present or represented by proxy at any annual or special meeting of the members at which a quorum is present or represented, if notice of the proposed amendment shall have been contained in the notice of the meeting, provided. however, that any amendment affecting the qualifications for membership in this Corporation or the provisions of these By-Laws relating to their amendment may be adopted only at an annual meeting of members .

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44 (a) Subject to the provisions of subparagraph (e) of this Paragraph 44, the Corporation shall indemnify and hold harmless each person who is or was a director, officer, employee or agent of the Corporation agairist any and all expenses (including attorneys' fees), judgments, fines, penalties, and amounts paid in settlement actually and reasonably mcurred by such person in connection with any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or mvest2ganve (including any action by or in the right of the Corporation) to which such person is, was, or at any time becomes, a parry, or is threatened to be made a parry, by reason of the fact that such person is or was a director, officer, employee or agent of the Corporation, or is, or was serving, or at any time served, at the request of the Corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, employee benefit plan, trust or other enterprise . The foregoing right of indemnification shall not be exclusive of any other rights of mdeninification to which any such person may be,

or the T=ees or members of such committee entitled to vote thereon and filed with the minutes of the Corporation .

42 . Any or all of the Trustees or members of any committee of the Board of Trustees may participate in any meeting of the Board or committee of the Board V r by means of a conference telephone or by any means of communication by which all persons participating in the meeting are able to hear one another and such participation shall constitute presence in person at the meeting .

43 . Should the matter of a grant or proposed grant, or contract or proposed contract involving the Corporation and any orgam anon of which a Trustee of the Corporation is also a director, trustee, governor or officer, come before the Board for discussion, such Trustee of the Corporation shall at the earliest possible opportunity declare to the Board his connection with such orc7ani anon' No Trustee, being a director, trustee, governor or officer of any orcram7ation other than the Foundation, shall be permitted at any meeting of the Board of Trustees or any committee thereof to vote for, against or in respect of any grant or proposed grant- mvolving the Corporation and the orgam anon of which he is a director, trustee, governor or officer-, provided however, that this prohibition shall not apply to voting on a slate of grants as a whole-which include one or more of such grants or proposed grants .

Indemnification

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(d) The obligation of the Corporation to indeninny any person pursuant to this Paragraph 44 shall be subject to the conditions that such person ~i) shall give the Corporation prompt written notice of any threat to commence, and the commencement of, any action, suit or proceeding in respect of which indemnification may be sought, (ii) shall give the Corporation the opportunity to assume the defense of such action, suit or proceeding with counsel selected by the Corporation but reasonably satisfactory to such person, and (iii) shall Mly cooperate with the Corporation in its deferise of such action, suit or proceeding . In the event the Corporation shall have assumed the defense of any such action suit or proceeding, any subsequent fees and expenses incurred by counsel to such person shall be at such persons' own expense unless (y) the employment of separate counsel has been specifically authorized by the Corporation, or (z) there shall exist a substantial confhct of interest between the Corporation and such

/D I 1r)

or may become, entitled under any by-law, agreement, vote of the board of trustees or members of the Corporation, or at the direction of any court or otherwise, and shall inure to the beriefit of the heirs, executors and administrators of such person .

(b) Expenses incurred in defending any civiL crimmal, administrative or investigative action, suit or proceeding by any person who may be entitled to indemnification under subparagraph (a) shall be paid by the Corporation in advance of the final disposition of such action, suit or proceeding upon receipt of an undertalano, in form and substance satisfactory to a majority of disinterested trustees of the Corporation or a majority of d-isinterested members of the Corporation by or on behalf of the person in respect of which such expenses are advanced to repay the amount advanced in the event that it is ultunately determined that such person is not entitled to mdernrification by the Corporation.

(c) For the purposes of this Paragraph 44, references to the "Corporation" include all constituent corporations absorbed in a consolidation or merger, as well as the resulting or sumving corporation so that any person who is, or was, a director, officer, employee or agent of such a constituent corporation or is or was serving at the request of such constituent corporation, officer, employee or agent of another corporation, partnership, joint venture, employee benefit plan, trust or other enterprise shall stand in the same position under the provisions of this Paragraph 44 with respect to the resulting or surviving corporation as he would have if he had served the resulting surviving corporation in the same capacity

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I

. I

.-- ~ I - 1, ~ 1 -1 r:?

TBE WMLLAM H. DONNER COPY FOUNDATION, INC.

403 (b) Retirement Plan

AMENDED .kND RESTATED EFFECTTVE JANUARY 1, 1999

The VMham H Doarier Found=on, Inc 500 Fifth Ave., Suite 1230 NewYork,NY 10110

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ARTICLE I

ARTICLE H

ARTICLE M

ARTICLE IV

ARTICLE V

ARTICLE VI

ARTICLE VII

ARTICLE VIII

ARTICLE IX

ARTICLE X

ARTICLE)Cr I

I

2/v

Table of Contents

Definmons 3

Establishment of Plan 6

Eligibility for Participation 6

Plan Contribution and Vesting 7

Funding Vehicles 10

Benefits 11

Administration 16

Amendment and Termination 18

Miscellaneous 18

Clalmq for-Benefits 20

Statement of ERISA Rights 20

Schedule of Ineligible Employees 2-2 1

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ARnCLE I: DEF=ONS

1 . 1 AccumuLadon Account mean the separate account(s) established for each Participant. The current value of a Participants Accumulation Account includes all plan Contributions, less expense charges, and reflects credited investment experience

1 .2 AnnualAddiftons means the sum of the following amounts credited to a Participant' s Accumulation Account during the Limitation Year (a) Plan Contributions, (b) forfeitures, if any, and (c) individual medical account amounts described in section 415(l)(2) and 419A(d)(2) of the Code, if any

1 .3 Benej5cuuy(-Les) means the individual, institution, trustee, or estate designated by the Participant to receive the Participant's benefits at his or her death

1 4 Board mean q the Foundation's Board of T=ees

1 .5 Code means the Internal Revenue Code of 1986, as amended

16 Compensation mean the amount paid by the Foundation to a Participant that must be reported as wages on the Participant's Form W-2 plus compensation that is not currently includable in the Participants gross income because of the application of Code Sections 125 or 403 (b) through a salary reduction agreement, including in each case, severance pay as the same becomes due and payable In addition to other applicable limitations stated in the plan, and notwithstanding any other provision of the Plan to the contrary, for Plan years beginning on or after January 1, 1994, the annual compensation of each . employee taken into account under the plan shall not exceed the OBRA'9J annual compensation limit. The OBRA'93 annual compensation limit is $150,000, as adjusted by the Commi sioner of the Internal Revenue Service for increases in the cost of living in accordance with section 40 1 (a)(1 7)(13) of the Internal Revenue Code The cost of living adjustment in effect for a calendar year applies to any period, not ~xceedmg 12 months, over which compensation is determined (dete=7nation period) beginning in such calendar year If a determination period consists of fewer than 12 months, the OBRA'93 annual compensation limit will be multiplied by a fraction, the numerator of which is the number of months in the determination period, and the denominator of which is 12 .

For plan years beginning oil or after January 1, 1 994, any reference in this plan to the limitation under section 401(a)(I 7) of the Code shall mean the OBRA'93 annual compensation linut stated in this provision.

If compensation for any prior determinanon period is taken into account in determining an employee's benefits accruing in the current Plan Yew, the compensation for that prior determination period is subject to the OBRA'93 annual compensation limit

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4

in effect for that prior determination penod. For this purpose, for determination periods beginning before the first day of the first Plan Year beginning on or after January 1,1994, the OBRA'93 annual compensation limit is $150,000

1 7 Date ofEmployment or Reemployment mean the fim day upon which an employee completes an hour of service for performance of duties during the employee's most recent period of service with the Foundation.

1 .8 Elective Deferrals mean any contributions mad to the Plan at the election of the Participant pursuant to a salary reduction agreement that complies with the requirements of Internal Revenue Code Section 403(b) This also includes any contributions for a Participant pursuant to an election to defer compensation under any Code Section 40 1 (k), 408(k) (Simplified Employee Pension), 457(b) or 40' )(b) plan-

1.9 Eligible Employee means all employees except any Employe-- whose name is included by the Foundation in the SchedWe of Inehgible Employees atta hed to and made a part of this Plan.

1 . 1 0 Excess Electrve Deferrals means those Elective Deferrals that are includable in a Participant's gross income under section 402(g) of the Code to the extent the Participants Elective Deferrals for a taxable yew exceed the dollar hinitation under such Code Section-

1 11 FoundafionmeaasTheWilhamH Donner Foundation, Inc .

1 12 Foundation Plan Contributions means contributions made by the Foundation under this Plan.

1 13 Fund Sponsor mean q an insurance, variable annuity or investment company that provides Funding Vehicles available to Participants under this Plan.

1 14 Funding Vehicles mean the annuary contracts or custodial accounts that satisfy the requirements of Code Section 401 (f) issued for funding accrued benefits under this Plan and specifically approved by the Foundation for use under this Plan.

1 15 Lunuation Year menn- a calendar year

1.16 NormalRetzrementAge mean agge65 0

1 17 Participant means any Eligible Employee of the Foundation participating in this Plan.

1 18 Participant Plan Contribunons mean s the contributions made by a Participant under this Plan-

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1 . 1 9 PLan means the Foundation's 403 (b) Retirement Plan as set forth in this document.

1 .20 PLan Admunistrafor means the Foundation.

1 .21 PLan Contributions means contributions made under this Plan by the Foundation and the Participant .

1 .22 PLan Entry Date means the first day that the employee has met the participation requirements set forth in Article III

1 .23 PLan Year means January I through December 3 ) I

1 .24 Qua4fled Election mean a waiver of a Qualified Joint and Survivor Annuity or a Qualified Pre-retirement Survivor Annuity Any waiver of a Qualified Joint and Survivor Annuity or a Qualified Pre-retirement Survivor Annuiry shall not be effective unless- (a) the Participant's spouse consents in writing to the election, (b) the election designates a specific Berieficiary(ics), including any class of Beneficiaries or any contingent Beneficiaries, which may not be changed without espousal consent (unless the spouse expressly permits designations by the Participant without any furtber espousal consent), (c) the spouse's consent acknowledges the effect of the election, and (d) the spouse's consent is witnessed by a Plan representative or acuity public Additionally, a Participant's waiver of the Qualified Joint and Survivor Annuity shall not be effective unless the election designates a form of benefit payment that may not be changed without espousal consent (or the spouse expressly permits designations by the Participant without any further espousal consent) . If it is established to the satisfaction of a Plan representative that there is no spouse or that the spouse cannot be located, a waiver will be deemed a Qualified Election-

Any consent by a spouse obtained under this provision (or establishment that the consent of a spouse may not be obtained) shall be effective only with respect to such spouse A consent that permits designations by the Participant without any requirement of farther consent by such spouse must acknowledge that the spouse has the right to I=t consent to a specific Beneficiary (ies), and a specific form of benefit where applicable, and that the spouse voluntarily elects to relinquish either or both of such rights A revocation of a prior waiver may be made by a Participant without the consent of the spouse at any time before the commencement of benefits . The number of revocations shall not be limited. No consent obtained under this provision shall be valid unless the Participant has received notice as provided in Article VI

125 Qualified Joint and Survivor Annuity mean an immediate annuity for the life of the Participant with a survivor annuity for the life of the spouse that is not less than 50 percent(and not more than 100 percent) of the amount payable during the j oint lives of the Participant and the spouse that can be purchased with the Participant's vested Accumulation Account. The percentage of the survivor annuity under the Plan shall be 50 percent.

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61- .

1 .26 ouaL~rxd Pre-redrement Survivor AnnuLtY means an annuity for the life of the surviving spouse of a deceased Participant the actuarial equivalent Of which is not less than 50 percent of the Participant's Accumulation Account(s) at the date of death

1 .27 Year ofService . Yew of Service means a twelve month period of employment (computation period) . In no event shall a Participant have fewer than one Year of Service

ARTICLE II: ESTABLISEMENT OF PLAN

Establishment of Plan . This plan document sets forth the provisions of this Code Section 403(b) Plan. The Plan, as heretofore amended and restated, is hereby further amended and restated as of January 1, 1999 Plan Contributions are invested, at the direction of each Participant~ in one or more of the Funding Vehicles available to -Participants under the Plan. Plan Contributions shall be held for the exclusive benefit of Participants .

The plan provides for separate account(s) for each Participant that meets the requirements of Code Section 403(b) Benefits are based solely on the amounts of Plan Contributions to the Participanfs Accumulation Account(s) and earnings, if any All benefits under the Plan are fully fitrided and provided through the Funding Vehicle(s) selected by the Participant Benefits are not subject to, nor covered by, federal plan termination insurance

ARTICLE III : ELIGIBIL= FOR PARTICIPATION

3 1 ELt.-ibility An Eligible Employee of the Foundation is eligible to participate in and shall automatically become a Participant upon employment by the Foundation as an Employee

3 2 Independent Contractors Persons performin services for the Foundation as independent contractors are not considered Employees and are not ehgible to participate in the Plan .

3 .33 Nottfication. An Elipble Employee who complies with the requirements and becomes a Participant is entitled to the benefits and is bound by all the terms, provisions, and conditions of this Plan, including any amendments that, from time to time, may be adopted, and including the terms, provisions and conditions of any FtmdLng Vehicle(s) to which Plan Contributions for the Participant have been applied .

3 4 Termination ofParftripatwn A Participant will continue to be eligible for the Plan until one of the following conditions occur-

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~,,p ~.

he or she ceases to be an Eligible Employee and all Compensation for services as an Eligible Employee has been paid including severance compensation,

the Plan is terminated.

ARTICLE IV: PLAN CONTRIBUTIONS AND VESTING

4 1 Foundation Plan Contnbutions The Foundation shall make Foundation Plan Contributions for each calendar yew on behalf of each Participant equal to a fixed percentage of the Parlacipant's Compensation. The percentage of Compensation contributed shall be uniform for all Participants, although it may change from year to year In the past the Foundation has generally made contributions equal to 1 0% of each Participant's Compensation and such percentage shall apply for each year unless the Foundation determines otherwise with respect to any year Although the Foundation contemplates continuing with this practice, it does not guarantee that Foundation Plan Contributions will consistently be 10% of Compensation .

4.2 Parficz)7ant PLan Contributions. Participant Plan Contributions will be made on a tax-defierrcd basis pursuant to a salary reduction agreement and in accordance with the requirements of Code Section 403 (b) . Under the salary reduction agreement, the employee's salary or other coinpensation (paid after the agreement is signed) is reduced and the amount of the reduction is applied as premiums to the Funding Vehicles available under this Plan. An election to make Participant Plan Contributions under this Section may apply retroactively to compensation earned prior to such election bin not paid or otherwise made available until after such election, and shall remain in effect until modified or terminated. A Participant may terminate his or her salary reduction agreement at any time and may make more than one salary reduction agreement each year Subject to any reasonable rules estabhshed by the Plan Administrator, a Participant may modify his or her salary reduction agreement during a Plan Year by ffling an appropriate form with the Plan AdmmL5=or Such niles may include the number and frequency of such modifications during any Plan Year but a Partciparit shall be permitted to make a modification at least once each Plan Year

4 3 When Contributions Are Made Plan Contributions will begin when the Foundation has determined that the Participant has met or will meet the requirements Any part of a year's Plan Contributions not contributed before this determination will be included in contributions made for that year after the determination Plan Contributions will be forwarded to the Funding Vehicle(s) in accordance with the procedures established by the Foundation. Foundation Plan Contributions will be forwarded to the Funding Vehicles at least annually Parucipant Plan Contributions Win be forwarded to the Fund Sponsor as soon as it is administranvely feasible for the Foundation to segregate contributions, but in any event, within the time required by law

4 4 ALlocadon of Contributions . A Participant may allocate Plan Contribimons to the Funding Vehicle(s) in any whole-number percentages that equal 100 percent- A

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Participant may change his or her allocation of firture contributions to the Funding Vehicle(s) at any time.

4.5 Leave ofAbsence. During a paid leave of absence, Plan Contributions win continue to be made for a Participant on the basis of Compensation then being paid by the Foundation No Plan Contributions will be made during an unpaid leave of absence

4.6 Transfer of Fundsfrom Another Plan . The Fund Sponsor, subject to any requirements or conditions it may impose, shaH accept contributions that are transferred directly from any other plan described in section 403(b) of the Code, whether such plans are funded through a trustee arrangement or through an annuity contract, if such contributions are attributable only to employer and employee contributions and the earnings thereon and accompanied by ui=ctioiis showing the respective amounts attributable to employer and employee contributions . Such funds and the accumulation generated from them shall always be fully vested and nonforfeitabie

4 .7 Acceptance ofRoL[over Contributwns. If a Participant is entitled to receive a distribution from another plan described in section 403(b) of the Code that is an eligible rollover distribution under section 402 of the Code, the Fund Sponsor, subject to any requirements or conditions it may impose, will accept such arriount under this Plan provided the rollover to this Plan is made 1) directly from another plan, or 2) by the Participant within 60 days of the reccipit ofthe distribution.

4 8 Uniformed Serwces . Notwithstanding any provision of this plan to the contrary, contributions, benefits, and service credit with respect to qualified MiJitary service will be provided in accordance with §414(u) of the Code.

4 9 Ma~dmum Plan Contrib utions Notwithstanding anything contained in this Plan to the contrary, the total Annual Additions made for any Participant for any year will not exceed the amount permitted under section 415 of the Code . The limitations of Code Section 415 are hereby incorporated by reference

For the purpose of calculating the limits of Code Section 415, compensation means a Participant's earned income, wages, salaries, and fees for professional services and other amounts received for personal services actually rendered in the course of employment with the employer maintaining the plan and excluding the following- (a) employer contributions to a plan of deferred compensation that are not includable in the employee's gross income for the taxable year in which contributed, or employer contributions under a simplified employee pension plan to the extent such contributions are deductible by the employee, or any distributions from a plan of deferred compensation, and (b) other amounts that received special tax benefits, or contributions made by the employer (whether or not under a salary reduction agreement) towards the purchase of an annuity described in Code Section 403(b), whether or not the amounts are actually excludable from the gross income of the employee For years beginnin after December 31, 1997, compensation shall include any elective deferral (as defined in Code Section 402(g)(3)) and any amount which is contributed or deferred by the Foundation at

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the election of the Participant and which is not includable in the gross income of the Participant by reason of Code Section 125 or 457.

To the extent permitted by Code Section 415 and the regulations promulgated thereunder, if the Annual Additions exceed the Section 415 binitanons, the excess amounts will be disposed of as follows- (a) any Participant Plan Contributions (plus any gain attributable to the excess), to the extent they would reduce the excess amount, will be returned to the Participant; and, to the extent necessary, (b) if after the application of (a) an excess still exists, the excess will be held unallocated in a suspense account and will be applied to reduce Foundation Plan Contributions in succeeding limitation years

If the limitations are exceeded because the Participant is also participating in another Plan required to be aggregated with this Plan for Code Section 415, then the extent to which annus] contributions under this Plan will be reduced, as compared with the extent to which annual benefits or contributions under any other plans Will be reduced, will be determined in a manner as to maximize the aggregate benefits payable to the Participant from all plans. If the reduction is under this Plan, the Foundation will advise affected Participants of any additional limitation on their annual contributions required by this paragraph.

The sm = of Plan Contributions will also be subject to the linutations of Code Section 403(b) which are-hereby incorporated by reference

Furthermore, the total Elective Deferrals made by the Foundation on beLlf of a Participant for any taxable year under this Plan and all other plans, contracts or arrangements of the Foundation shall not exceed the dollar hirut in effect under Code Section 402(g) at the beginning of such taxable year If a Participant has Excess Elective Deferrals, he or she may designate Elective Deferrals made during a taxable year to this Plan as Excess Elective Deferrals by notifying the Plan Admlnls=or by March I of the following year of the amount of the Excess Elective Deferrals Notwithstanding any other provision of the Plan, Excess Elective Deferrals, adjusted to reflect any credited investment experience up to the date of distribution, will be distributed no later than April 15 to any Participant who designates Elective Deferrals as Excess Elective Deferrals for the prior taxable year

4.10 Plan Contributions Plan Contributions shall be fully vested and nonforfeitable when such Plan Contributions are made

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ARTICLE V: FUNDING VEEICLES

5 1 Funding Vehicles. Plan Contributions are invested in one or more Funding Vehicles available to Participants under this Plan. The Fund Sponsors and their Funding Vehicles are

A Teachers Insurance and Annuity Association-(TIAA)

Traditional Annuity TIAA Retirement Loan Contract

B College Retirement Equities Fund (CREF)

CREF Retirement Umt-Annuity

Stock Account Money Market Account Bond Market Account Social Choice Account Global Equities Account Growth Account -Fqiuty Index Account

C Ile Guardian Insurance & Annuity Co Variable Annuity Badhe GLfford International Fund Value Line Centurion Fund

The Foundation's current selection of Fund Sponsors and Funding Vehicles isn't intended to limit future additions or deletions of Fund Sponsors and Funding Vehicles . Any additional accounts offered by a Fund Sponsor will automancally be made available to Participants in accordance with the procedures established by the Foundation and the Fund Sponsor

5 2 Fund TransfeTs Subject to a Funding Vehicle's rules for transfers and in accordance with the provisions of the Code for maintaining the tax deferral of the Accumulation Account(s), a Participant may transfer fLmds accumulated under the Plan among the Plan's approved Funding Vehicles to the extent pernurted by the Funding Vehicles

For a Participant who has terminated employment with the Foundation, this Plan's transfer rudes wLU continue to govern vested amounts accumulated under the Plan. However, if the Participant later participates in another employees Code Section 403(b) retirement plan fitrided with TIAA-CREF, the transfcr rules of the subsequent employees

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plan will govern vested amounts accumulated under this Plan if more favorable to the Participant.

Any transfer of funds between Fund Sponsors will be executed only upon written request of the Participant and specific written consent of an authorized representative of the Foundation.

-ARTICLE VI: BENEFITS

6 1 Retirement Benefits A Participant may elect to receive retirement benefits under any of the forms of benefits available under the relevant Funding Velucle However, norwithstanding any other provision in this Plan, distributions of amount attributable to Participant Plan Contributions made by salary reduction and any earnings accrued in an annuity contract after December 11, 1988 may be paid only when a Participant attains age 59 1/2, separates from service, dies or becomes disabled. in addition, the Accumulation Account attributable to Participant Plan Contributions may be paid if the Participant encounters financial hardship to the extent permitted by the Code

Notwithstanding any other provision in this Plan, distribution of an amount that has at any time been invested in -a mutual fund custodial account may be paid only when a Participant attams age 59 rr-, separates from service, dies or becomes disabled. In addition, the Accumulation Account attributable to Participant Plan Contributions that have at any time been invested in a mutual fund custodial account may be paid. if the Participant encounters financial hardship to the extent permitted by the Code.-

Fornts of Benefit The forms of benefit are the benefit forms offered by the Funding Vehicles available under this Plan These forms are equally available to all Participants choosing the Funding Vehicle The forms of benefit available under this Plan include

Single life annurnes as provided under the Funding Vehicle contract

Joint and survivor annuities as provided under the Funding Vehicle contract

Cash withdrawals to the extent the Funding Vehicle permits and subject to the limitations in the "Cash Withdrawals" section of this Arucle

Fixed period annuities, to the extent the Funding Vehicle permits

Retirement Transition Benefit .

Repurchase, subject to the limitations in the "Repurchase" section of this Article

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Such other annuity and withdrawal options as provided under the Funding Vehicle contracL

Notwithstanding the above, benefits may be received before termination of employment if the Participant is disabled. A Participant shall be considered disabled as provided in section 72(m)(7) of the Code

6 2 Cash RIthdrawals . A Participant may receive a cash withdrawal as permitted by the Funding Vehicle Cash withdrawals may be received while the Participant is employed by the Foundation to the extent permitted by the Code

6.3 Retirement Transition Benefit The Retirement Transition Benefit (RTB) permits a Participant to receive a one-time lump-sum payment of up to 10 percent of his or her Accumulation Account(s) in TLA.A and/or the CREF acCount(s) at the time annuity income begins, provided the one-sum payment from each TLA-A contract and/or CREF account(s) doesn't exceed 10 percent of the respective Accumulation Account(s) being converted to rentritient income.

6 4 Survivor Benefits If a Participant dies before the start of retirement benefit payments the full current value of the Accumulation Account(s) is payable to the Beneficiary (ies) under the options offered by the Funding Vehicle . Distribution of Survivor Benefits is subject to the required distrtbunon rules set forth in Code Section 40 1 (a)(9)

6.5 Applicadonfor-Benefus Procedures for receipt of benefits are itirtiated by I writing directly to the Fund Sponsor Benefits will be payable by the Fund Sponsor upon receipt of a satisfactorily completed application for benefits and supporting documents The necessary forms will be provided to the Participant, the surviving spouse, or the Beneficiary(ies) by the Fund Sponsor

6.6 AFminium Distribution Requirements The requirements of this section shall apply to any distribution of a Participant's vested Accumulation Account(s) and will take precedence over any inconsistent provisions of this Plan except as otherwise provided in the "Joint and Survivor Annutty Requirements" section of Article VI Distributions in all cases will be made in accordance with Code Section 40 1 (a)(9) and the regulations promulgated thereunder, including the mynimurn distribution incidental benefit requirement of Section 1 401 (a)(9)-2 of the proposed regulations .

(a) Limits Distributions may only be made over one of the following penods (or a combination thereof) i) the life of the Participant, ii) the life of the Participant and a designated Beneficiary (ics) ; iu) a period certain not extending beyond the life expectancy of the Participant; or iv) a period certain not extending beyond the joint and last survivor life expectancy of the Participant and designated Beneficiary (ies)

(b) Ile entire interest of a Participant must be distributed, or begin to be distributed, no later than the Participant's Required Beg3nn7n Date.TheRequixed

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Begmnin Date of a Participant is April I following the calendar year in which the Participant amin age 70 V- or, if later, April I following the calendar year in which the Participant rettres .

(c) Death Distribution Provisions Upon the death of the Participant, the following dis;tribimon provisions will take effect:

1) If the Participant dies after distribution of his or her vested Accumulation Account has begun, the remaining portion of the vested Accumulation Account(s) will continue to be distributed at least as rapidly as under the method of distribution being used before the Participant's death,

ii) If the Participant dies before distribution of his or her vested Accumulation Account(s) begins, distribution of the Participant's entire vested Accumulation Account(s) shall be completed by December 31 of the calendar year Contnining the fifth anniversary of the Participant's death except where an election is made to receive distributions in accordance with (a) or (2) below-

(1) If any portion of the Participants vested Accumulation Account is payable to a designated Beneficiary(ies), distributions may be made over a period certain not greater than the life expectancy of the designated Beneficiary(ics) commencing by December 431 of the calendar year immediately following the calendar yew in which the Participant died-,

(2) If the designated Beneficiary(les) is the Participants surviving spouse, the date distributions are reqtnred to begin in accordance with (1) above must not be earlier than the later of (a) December " ) I of the calendar year immediately following the calendar year in which the Participant died and (b) December 31 of the calendar year in which the Participant would have artained age 70 112

If the Parcicir)ant has not made an election pursuant to this section by the time of his or her death, the Participant's designated Beneficiary(ies) must elect the method of distribution no later than the earlier of (1) December 31 of the calendar year in which distributions would be required to begin under this section, or (2) December 31 of the calendar year that contain the fifth anniversary of the date of death of the Participant. If the Participant has no designated Berieficiary(ics), or if the desigmated Beneficlary(ies) does not elect a method of distribution, distribution of the Participants entire vested Accumulation Account(s) must be completed by December 3 )1 of the calendar year containing the ELfTh anniversary of the Participant's death.

6 7 Commencement of Benefus Unless the Participant elects otherwise, cistribution of benefits will begin no later than the 60th day after the latest of the close of the Plan Year in which.

(a) the Participant arrains age 65 (or Normal Retirement Age, if earlier),

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(b) occurs the I Oth anniversary of the yew in which the Participant commenced participation in the Plan, or,

(c) the Participant terminates semce with the Foundation

Notwithstanding the foregoing, the failure of a Participant and spouse to consent to a distribution while a benefit is 7rornediately distributable shall be deemed to be an election to defer commencement of payment of any benefit sufficient to satisfy this section.

A Participant who elects to defer receipt of benefits may not do so to the extent that he or she is crearing a death benefit that is more than incidental .

6.8 Joint and Survrvor Annuity .Requiremenis Ile provisions Of this section shall apply to all Participants .

Pre-retirement Espousal Entitlement Unless a Qualdied Election is made, if a married Participant dies before the date benefits commence, the Participatifs vested Accumulation Account shall be applied toward the purchase of a Qualified Pre-retirement Survivor Annuity The surviving spouse may elect to have such annuity distributed within a reasonable period after the ParticipanVs death.

Noftficadon of Pre-rei!Lrement Espousal Enddement. In the case of a Qualified Pre- retirement Survivor Annuity, the Foundation shall provide each Parricipapt, within the applicable period for such Participant, a written explanation of the Qualified Pre-retirement Survivor Annuity in such terms and in such manner as would be comparable to the explanation provided for meeting the requirements for notifcation ofa Qualified Joint and Survivor Annuity.

The an . plicable period for a Participant is whichever of the following periods ends last- (a) the period beginning with the first day of the Plan Year in which the Participant attains age J2 and ending with the close of the Plan Year preceding the Plan Year in which the Participatitattain age 35, (b) a reasonable period after an Eligible Employf---becomes a Participant, or (c) a reasonable period ending after this section first applies to the Participant. Notwithstanding the foregoing, notice must be provided within a reasonable period ending after separation of service in the case of a Participant who separates from service before attaining age 35

For applying the preceding paragraph, a reasonable period ending after the enumerated events is the -end of the two-year period bezinnin one year before the date the applicable event occurs, and ending one year after that date For a Participant who separates froin service before the Plan Year in which age 35 is attained, nonce should be provided within the two year period beginning one yew before sevaration and ending one year after seDarati on . If such a Participant thereafter retums to employment with the Foundation, the applicable period for such Participant shall be redetermined

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Post-re&remenr Espousal Entitlement Unless a Qualified Election is made within the 90-day period ending on the date benefits commence, a mamed Participant's vested Accumulation Account will be paid in the form of a Qualified Joint and Survivor Annuity and an unmarried Participants vested Accurtrulation Account will be paid in the form of a single life annuity

Not~rwafion of Post-retirement Espousal EntWemenl In the case of a Qualified Joint and Survivor Annuity, the Foundation shall no less than 3 0 days and no more than 90 days before the date benefits cornmence provide each Participant a written explanation of (a) the terms and conditions of a Qualified Joint and Survivor Aomiuty;(b) the Participants right to make and the effect of an election to waive the Qualif ed Joint and SurvivorAimuity form of benefit, (c) the rights of a Participant's spouse ; and (d) the na-ht to waive a Qualified Joint and Survivor Annuaty

If the Participant, after receiving the explanation, elects a form of benefit and the spouse consents to the benefit (if necessary), the Plan will not fail to satisfy the requirements of this paragraph merely because the annuity starting date is less than JO days after the written explanation is given to the Participant provided (1) the explanation is provided prior to the annuity starting date, (2) the distribution does not commence before the expiration of the 7-day period that begins the day after the explanation is provided to the Participant; and (3) pnor

- to the expiration of the 7-day period, or the

annul starting date, if later, le Participant may revoke the distribution election

6.9 Repurchase. A Partcipant's accumulations in TLAA-CREF Retirement Anawties may be received in a single sum through, "repurchase " if cm-tain conditions are met. If a Participant in this Plan terminates employment with the Foundation and requests that TLA.A- CREF repurchase his or her Retirement Annuities, the Foundation will approve such repurchase if, at the time of the request, all of the following conditions apply-

(a) The total TLA.A Traditional Annuity accumulation in all Retirement Annuities owned by the Participant is not over S2,000

(b) Tlae Participant does not have a TLAA Transfer PayoutAnnuity (TA) in effect.

Amounts paid to the Participant on repurchase will be in full satisfaction of the Participant's and his or her spouse's nghts to retutinent or survivor benefits from TIAA-CREF attributable to such amounts.

6.10 Loans. Subject to the terms of the Funding Veiucles, loans are available to Particirants before the commencement of benefit payments .

6 11 Direct .Rollovers This section applies to distributions made on or after January 1, 1993 Notwithstanding any provision of the Plan to the contrary that would otherwise Lunit a distributee-'s election under this section, a distributee may elect, at the

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time and in the manner prescribed by the Plan Administrator, to have any portion of an eligible rollover distribution paid directly to an eligible retirement plan specified by the distributee in a direct rollover .

For this section, the following definitions apply-

1) Eligible rollover distribution An eligible rollover distribution is any distribution of all or any portion of the balance to the credit of the distributee, except that an eligible rollover distribution does not include any distribution that is one of a series of substantially equal periodic payments (not less frequently than annually) made for the life (or life expectancy) of the distributee or the joint lives (or joint life expectancies) of the d=butee and the distributee's designated beneficiary, or for a specified period of ten years or more; any distribution to the extent such distribution is required under Code Section 401 (a)(9), and the portion of any distribution that is not includable in gross income (determined without regard to the exclusion for net unrealized appreciation with respect to employer securities)

2) Eligible retirement plan An eligible retirement plan is an individual retirement account described in Code Section 408(a), an individual retirement annuity described in section 408(b) of the Code, or a tax-sheltered annuity plan described in Code Section 403(b), that accepts thedistributee's eligible rollover distribution. However, in the case of an eligible rollover distribution to the surviving spouse, an eligible retirement plan is an individual retirement account or individual retirement annuity '

3) Distributee A distributee includes an employee or former employee In addition, the employee's or former employee's surviving spouse and the employee's or former employee's spouse or former spouse who is the alternate payee under a qualified domestic relations order, as defined in section 414(p) of the Code, are distributees with regard to the interest of the spouse or former spouse

4) Direct rollover- A direct rollover is a payment by the Plan to the eligible retirement plan specified by the distributee

ARTICLE VU : AJDNM~ISTRATION

7 1 Plan Administrator The Foundation, located at 500 Fifth Avenue Suite 11230, New York, New York 10 110 is the administrator of thas Plan

7.2 Authority of the Foundation The Foundation has all the powers and authority expressly conferred upon it herein and further shall have discretionary and final authority to determine all our-,stions concerning eligibility and contributions under the Plan, to interpret and construe all terms of the Plan, including any uncertain terms, and to determine any disputes ansing under and aE questions concerning administration of the Plan. Any determination made by the Foundation shall be given deference, if it is subject to judicial review, and shall be overturned oilly if it is arbitrary or capricious. In

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exercising these powers and authority, the Foundation will always exercise good faith, apply standards of uniform application, and refram. from arbitrary action. The Foundation may employ attarrieys, agents, and accountants as it finds necessary or advLsable to assist it in carrying out its duties . The Foundation will be a "narned fiduciary" as that term is defined in section 402(a)(2) of the Employee Retirement Income Security Act for detemuning elipbility and computing and mak-in Plan Contributions . Ile Foundation, by action of its Board, may designate a person or persons other than the Foundation to carry out any of its powers, authority, or responsibilities Any delegation vall be set forth in writing .

7.3 Action of the Foundation . Any act authorized, permitted, or required to be taken by the Foundation under the Plan, which has not been delegated in accordance with the "Authority of the Foundation" section ofAncle VIE, may be taken by a majority of the members of the Board, either by vote at a meeting, or in writing without a meeting All notices, advice, directions, certLfications, approvals, and instructions required or authorized to be given by the Foundation under the Plan will be in writing and signed by either i) a majority of the members of the Board, or by any member or members as may be designated by an instrument in writing, signed by all members, as having authority to execure the documents on its behalf, or ii) a person who becomes authorized to act for the Foundation in accordance with the provisions of the "Authority of the Foundation" section of Article VIII A try action taken by the Foundation that is authorized, peritatted, or required under the Plan and is in accordance with Funding Vehicles contractual obhgarions are final and binding upon the Foundation, and ali persons who have or who claim an interest under the Plan, and all third parties dealing with the Foundation.

7 4 1ndemnification. The-Foundation will satisfy any liability actually and reasonably incurred by any members of the Board or any person to whom any power, authority or responsibihty of the Foundation is delegated pursuant to the "Authority of the Foundation" section of Article VII (other than the Fund Sponsors) These liabilities include expenses, attorneys fees, judgements, fines, and amounts paid in connection with any threatened, pending or completed action suit or proceeding related to the exercise (or failure to exercise) of this authority This is in addition to whatever rights of indemnification exist under the articles of incorporation, regulations or bylaws of the Foundation, under any provision of law, or under any other agreement.

7 5 No Reversion Under no circumstances or conditions will any Foundation Plan Contributions revert to, be paid to, or mure to the benefit of~ directly or aidirectly, the Foundation. However, if Plan Contributions are made by the Foundation by mistake of fact, these amounts may be returned to the Foundation within one year of the date that they were made

7 6 Statements The Foundation will determine the total amount of contributions to be made for each Participant from time to time on the basis of its records and in accordance with the provisions of this Article When each contribution payment is made by the Foundation, the Foundation will prepare a statement showing the name of each Participant and the portion of the payment that is made for him or her, and will deliver

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the statement to the appropriate Fund Sponsors with the contributions; payment. Any deteraunation by the Foundation, evidenced by a statement delivered to the Fund Sponsors, is final and binding on all Participants, their Beneficiaries or contingent annintarits, or any other person or persons claiming an interest in or derived from the contribution's payment.

7 7 Reporting. Records for each Participant under this Plan are maintained on the basis of the Plan Year. At least once a year the Ftmd Sponsors will send each Participant a report summarizirig the status of his or her Accumulation Account(s) as of December 31 each year Similar reports or illustrations may be obtained by a Participant upon termination of employment or at any other time by writing directly to the Fund Sponsors

78 Calendar Fear Electzon . For purposes of determining the highly compensated employew for the Plan Year, the Foundation may make a calendar year election in accordance with the provisions of the Code and regulations issued thereunder

kRTICLE VIM: AAMiDM:ENT AND TERAUNATION

8 1 Amendment and Termznadon While it- is expected that dus Plan will continue indefinitely, the Foundation reserves the right to amend, otherwise modify, or terminate the Plan, or to discontinue any further contributions or'payments under the Plan, by resolution of its Board. In the event of a termination of the Plan or complete discontinuance of Plan Contributions, the Foundation will notify all Participants of the terromation. As of the date of complete or partial ternimation, all Accurritilation. Accounts will become nonforfeitable to the extent that benefits are accrued.

8.2 Lzmdation. Notwithstanding the provisions of the "Amendment and Termination" section of Article D~ the following conditions and limitations apply

(a) No amendment will be made which will operate to recapture for the Foundation any contributions previously made under this Plan. However, Plan Contnbutioas made based on a mistake of fact may be returned to the Foundation withm one year of the date on which the Foundation Plan Contribution was made.

b) No amendment will deprive, take away, or alter any then accrued right of any Participant insofar as Plan Contributions are concerned.

ARTICLE IX: NUSCELLANEOUS

9 1 Plan Non-Contr-t-al Nothing in this Plan will be construed as a commitment or agreement on the part of any person to continue his or her employment with the Foundation, and nothing in this Plan will be consmmd as a commitment on the part of the Foundation to continue the employment or the rate of compensation of any

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person for any period, and all employees of the Foundation wilJ remain subject to discharge to the same extent as if the Plan had never been put into effect.

9.2 CLaLrns of Other Persons. The provisions of the Plan will not be con=ed as giving any Participant or any other persori~ firm, or corporation, any legal or equitable right again the Foundation, its officers, employees, or directors, except the rights as specifically provided for in this Plan or created in accordance with the terms and provisions of this Plan.

9 .3 Her.-er, Consolidation, or Transfers ofPIan Assets In the event of a merger or consolidation with, or transfer of assets to, another plan, each Participant will receive immediately after such action a benefit under the plan that is equal to or greater than the benefit he or she would have received immediately before a merger, consolidation, or transfer of assets or liabiLties .

9 4 FinaRty ofDetermination . All determinations with respect to the crediting of Years of Service under the Plan are made on the basis of the records of the Foundation, and all determinations =1 are final and conclusive upon employees, former employees, and all other persons claimin a benefit interest under the Plan- Notwithstanding anything to the contrary contained in this Plan, there will be no duplication of Years of Service credited to an employee for any one period of has or her employment.

9.5 Contracts-Inco?poration by Reference . The term of each Funding Vehicle issued to a Participant in accordance with the provisions of Article V are a part of the Plan as if fully set forth in the plan document and the provisions of each are incorporated by reference into the Plan- The terms of the Funding Vehicle control in any case where them is any inconsistency or ambiguity between the terms of the Plan and the term of the Funding Vehicle

9 6 Non-ALienation of Reftremeni Ri,-hts or Benefits No benefit under the Plan may, at any time, be subject in any manner to aLienzition, encumbrance, the chim of creditors or legal process to the fullest extent permitted by law No person will have power in any manner to transfer, assign, alienate or in any way encumber his or her benefits under the Plan, or any part thereof~ and any attempt to do so will be void and of no effect. However, this Plan will complyAqth any judgment, decree or order which establishes the rights of another person to aLl or a portion of a Participant's benefit under this Plan to the extent that it is a "qualified domestic relations order" under section 414(p) of the Code.

9 7 Provisions in the Event of CoyyTid. Certain provisions of this Plan including, without liTniTation, the Death Distribution Provisions and the Joint and Survivor Anninty Requirements of Article VI have been included to permit the Plan to comply with the Employee Retirement Security Act of 1974, as amended ("ERISA") and the Code, and notwithstanding anything herein contained which could be construed to the contrary, all of the provisions of the Plan, including those spezifed above, shall be construed to comply with ERISA and the Code. Additonally, any provisions of ERISA

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and/or the Code which are required to be set forth herein but which have beea inadvertently omitted are being incorporated herein to the same extent as if set forth herem. To the extent the provisions of any Funding Vehicle in which a Parriciparif s Accumulation Account is invested fads to comply with ERISA or the Code, the Plan Adininistrator may take such steps as it deems necessary for such compliance.

ARTICLE X: CLADIS FOR BENEFTTS

Clairn for benefits under this Plan may be filed with the Plan Admunistrator, in the form determined by the Plan Administrator If a Participant or beneficiary requests payment of benefits and the Plan Administi-dror refuses, the Plan Admmastrator is required to provide such Participant or beneficiary with a Nonce of Denial within 90 days of when it received the claim for benefits If the Participant or beneficiary has not received a Notice of Denial within that time and the claim for benefits is not approved, the Participant or beneficiary may obtain a review of the decision as if the claim had been demed.

A Notice of Denial from the Plan Administrator in= state the specific reason for the denial, the provisions of the Plan upon which the denial is based, a description of anything the Participant or beneficiary could do to perfect the claim for benefits, and an explanati on of the Plan's clairn review procedure .

The Participant or beneficiary may, within 60 days of receiving a Notice of Denial, ask the Plan Administrator to review the denial of the claim The request should be made on a form provided by the Plan Administrator In mak-Ing the request, the Participant or beneficiary may review all relevant documents and put any concerns or comments in writing

Within 60 days (or, under special circumstances, 120 days) of receiving the request for review, the Plan Administrator must notify the Participant or beneficiary in writing of its decision, setting forth the specific reasons for the decision and the Plan provisions upon which the decision is based.

,ARTICLE KI: STATEMENT OF ERISA RIGHTS

Participants in the Plan are entitled to certam rights and protections under the Employee Retirement Income Security Act of 1974, as amended (ERISA) ERISA provides that all Plan Participants shall be entitled to

(a) Examine, without charge, at the Plan Administrator's office and at other specLfied locations, all Plan documents and copies of all documents filed by the Plan Administrator with the U.S . Department of Labor, such as detailed annual reports and Plan descriptions

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(b) Obtain copies of all Plan documents and other Plan information upon written request to the Plan Adrrums=or T12e Administrator may make a reasonable charge for the copies .

(c) Receive a summary of each Plan's annual finaricial report. The Plan Adnimistrator is rrquLmd by law to fimush each Participant with a copy of this summary annual report.

(d) Obtain a statement advising him of the most recent valuation of his or her arcourit balance in each Funding Vehicle and his or her then vested percentages in each If the Participant does not have a right to a vested interest at the time of has or her request, the statement shall tell him how many more years he or she has to work in order to begin vesting under the Plan- Tius statement must be requested in writing and is not required to be given more than once a year The Plan must provide the statement free of charge

In addition to creating rights for Plan Participants, ERISA imposes duties upon the people who are responsible for the operation of the Plan- The people who operate the Plan, called nfiducianes" of the Plan, have a duty to do so prudently and in the interest of Plan Participants and beneficiaries No one, including the Foundation, or any other person, may fire a Participant or otherwise discriminate against a Participant in any way to prevent the Participant from obtaining his or her vested benefit or exercising his or her rights under ERISA_ If a Paracipant's claim for a benefit is denied in whole or in part, the Participant must receive a written explanation of the reason for the denial The Participaw has the right to have the Plan Admmistrator review and reconsider his or her claim Under ERISA, there are steps a Participant ran take to enforce the above rights For instance, if a Participant requests mat nals from the Plan Adromistrator and does not receive them within 30 days, such Participant may file suit in a federal court. In such a case, the court may require the Plan Administrator to provide the materials and pay the Participant up to S 1 00 a day until he or she receives the materials, unless the materials were not sent because of reasons beyond the control of the Administrator If a Participant has a claim for benefits which is denied or imored, in whole or in part, he or she may file suit in a state or federal court . If it should happen that Plan fiducianes misuse the Plan's money, orifaParticipantis discriminatedagam for asserting his or her rights, he or she may seek assistance from the U S Department of Labor, or may file suit in a federal court. The court shall decide who should pay court costs and legad fees If the Participant is successfuL the court may order the person sued to pay these costs and fees If the Participant loses, the court may order the Participant to pay these costs and fees, for example, if it finds the ParuciDant's claim is frivolous If a Participant has any questions about the Plan, he or she should contact the Plan Administrator. If a Participant has any questions about this statement or about his or her rights under ERIS.A, he or she should contact the nearest Area Office of the U S Labor-Management Services Adm7n7stration, Department of Labor

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IN 1989, after an extensive program review, the Trustees announced that, thereafter, the Foundation would focus on three specific . albert' wide-ranging, program areas : U.S.-Canadian Relations, Education, and Human Capital Development.

In U-S.-Canadian Relations, the Trustees seek projects which, while recognizing the funda-mental affinities between Canada and the United States, attempt to clarify, anab-ze, and assaw the effects of the very often differing approaches the two nations bring to key issues. A new deveir opment is the Trustees' expres ed interest in projects dw relate not only to Canada and the United States but also to Canada, the U.S, and Mexico . No change is contemplated, however, in the name of the program area, which remains U.S.-Canadian Rel2tions.

In Education, the FoUndation's interest is largely concentrated an two areas: projects to improve the content of what is taught in formal educational settings, and activities that bring to the general public informed and balanced per-spectives on important foreign and domestic tsstues.

In the Foundation's program area of Human Capital Development, the Trustees seek to suP-port projects that will help people who are out of the social and econtinuc mainstream to enter or reenterit. The Foundation follows three key praind esm

carrying out as worlL First, the staff and the Trustees encourage prospective applicants to approach the Foundation initially with a com-prehensive written summary of their project rather than with a full proposal. Second, the staff works closely with applicants in develOP-ing their proposals. Third, the staff submits proposals to the best independent peer

0

GRAIMIAKING POLIMM

GENFILAL INFORMATION review obtainable, prior to consideration by Lh Trustees.

ELIGIBLE APPIICAN73

THTE GEOGRAPHIC SCOPE of the Foundation program is ruitional . However, a linuted numbe of interrianonal, joint Canadian-Amencan pro jects in the U.S.-Canadian Relations progran area may be considered by the Trustees. Whilt international projects in the other two prograrr areas are not ruled out, the Trustees have a pref erence for domestic activities . All project, should be national in their expected impacts Purely local projects are unlikely to be of inter est to the Trustees unless they can be convinc ingly shown to be potential national modek complete with the dissemination component required to effect national impact

Domestic appllmn must be charitable, tax-exempt organizatlons under Section 501(c)(3) of the Internai-Revenue Code. Foreign applicants must have an equivalent tax exemption. The spplicanes proposed project must be wrtlun a program area of interest to the Board of Trusi: ees. Nonetheless, a limited number of special projects may be undertaken each year at the uu-dative of the Foundatiton's Trustees. Project-may be of any duration, but proposed projects requuttig more than three years of Foundation assistance are not likely to be supported. The Foundation does not normally support

certain types of projectm specifically, the con-struction or renovation of'butitlings or other cW rtalprojects,capitalcampotgns repilax(annual) charitable appeals. endowment or scholarship funds, grants to indindua.1s, fLmding operating deficits, providing generad operating support. or making loans to individuals or organizations

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APPLICATION GUMELINES First Section: Background Applicants should describe the background of the project, and develop the context of the problem or issue to be addressed by the Proposed prOject. Questions of overall significance of the proposed activities in relation to larger issues in the project's field ought also to be discussed in this section. Other relevant questions that should be addressed here are : Why is the aren important? Who are the other participants in this field, and what are their roles relative to the applicant? What other activities are taking Place in the subject area, nationwide and kicaW. Second Section: The Applicant Applicants

should explain why they are qualified to deal with the problem or project proposed. They should describe their existing program and per-sonnet and list the trustees and officers of their organization, along with their other important affiliataorm The organxtanon's overall financial health, including its current revenues and expenditures, should be disclosed in thjs sec-tion. A list of the applicanies recent m4or con-tributors also should be provldecL Third Section: Content and Timing This

section is the heart of the application. Here the applicant should clearly and concisely describe the Proposed activities. Applicants in= make a case for haw the project will address a serious problem or set of problems, specifically stating their objectives and how these objectives will be -met. The section should also include a time schedule of the proposed activities and an evalu-ation plan that will demonstrate upon comple-

THE FOL NIDATION staff strongly discourages the initial submission of lengthy proposals. Itistead. the first approach to the Foundation should take the form of a concise letter of inquiry from the prospective applicant in wtuch are included (a) a comprehemvm surnmary of the proposed project, (b) a brief statement of the project's objectives, and (c) an explanation of how the applicant proposes to meet those objec-tives. The letter of inquiry should also name and describe the interests and qualifications of the key personnel involved in the project and the sponsoring organization. Finally, the letter must provide an estimate of the level of support to be requested from the Foundation, and a listing of other funding sources, if arty, and their antici-pated levels of support. While the initial letter of inquiry should be brief, it should be sufff iently detailed to allow for a prelumnary evaluation by the staff of the Foundation's interest in the pro-posed activities . The staff will acknowledge receipt of all such inquiries as soon as possible. All project ideas received by the staff are vetted with the Thistees at an early stage to ascertain their potential interest, if any.

If the proposed project is of interest to the Foundation, applicants will be urated to submit a more detailed proposal for consideration. The Foundation has no formal application forin. It does, however, require that all proposal adhere to a particular format-deviation from which can significantly delay consideration of a pro-posal. All proposals should be clearly marked 13

with che SUDMISSLon date of application Here, then are the five secii, nto which every proposal must be divided.

FOLM OF THE PROPOSA.L

RequesLs for sLmDle continuat',ons a Isting granLs are strongly discouraged. n toes Elie Foundation generally support more than one project of a given orgaruzation at a time.

GBA-NTMAJEC POLICIMS

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2 A copy of the organaw1on's Latest financlal statements;

3 The names and resumes of the project's pnn- c2pai starL

4 The names, addresses, and telephone num- bets of four people willing and able to com- ment on the proposed project (they should not be affiliated either with the project or with the sponsoring organi=on);

5 A list, including amounts, of organization supporters, current funders of the proposed project (if any), and other potential sup- poners with whom proposals for this project may be pendiM

6 Nine copies of the proposal, plus a 5K inch or 3Y inch floppy computer disk with the pro- posal residing in an ASCII, Wordperfect. or Word Me. If such a disk is unavailable, that must be pointed out in a covering letter with the proposal. (Please note that, if the return is requested of video or audio tapes submitted with the proposal, the Foundation will make every reasonable effort to comply, but we can- not guarantee the return of such matenal&)

All inquiries and applications should be addressed to William T Alpert, Senior Program OMcer of the Foundation, at the address Usted on both the contents page and the back cover of this Report.

GRANTBIA93NG tion of the project the degree to wtuch the stated POLICIES initial objectives have been achieved. Applicants

should also present a plan for dissemination of the project. In this section, too, applicants should state the extent to which resources other than the Foundation's will be applied to their- project. Applicants should explain whether and how the project wiH be continued when Foundation support concludes. Fourth Section : Budget The proposal

should present aline item budget. Because it is the policy of The WML= K Donner Foundation not to pay indirect costs, all real com related to specific projects should be clearly allocated within the proposed budgeL In cases where allo- cation of costs is impossible, other an-Ange- ments may be considered by the Foundation; however, since the Foundation does not gener, ally support scientific or medical research en- deavors, exceptions to the policy stated here will be rare,

FIft Section. Execattve Surnin=7 AppLi- cants should write an executive summary of the proposal for the Foundation's Trustees . The summary should be short--one page only. It should describe the purpose of the organization, explain why the grant is being requested, sum- martze the activity proposed, desmbe the objec- tives and outcomes expected from the project, and state the amount requested.

ACCOWANYING DOCUNZNTS

A COMPLETED proposal to the Foundation must include the following componerim Those that do not will not be acted upon.

I Docurnentation certifjnng that the applicant is a charitable, tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code;

,I ,

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LUCE ALL FOUNDA77ONS, we receive many more proposals for worthy projects than can possibly be supported with our resourceiL Applying rigorous standards, the Foundation staff and outside reviewers grve each application thorough study, provided it falls within the Foundation's interests as described In this report The Thistemes Anularly give serious con-siderarl n to each project in anvmg at a deter-murtation as to whether a Vanit should be awarded. In 1994 we received well am 600 pro. posals and inquiries. The Foundation had resources to support only a striall proportion of these. To the e=ent diat it can do so, the staff of the Foundation sugg othersupport posin-bihties to unsuccessful appLicants.

WHEN A LLTMR of inquiry is received, the Foundation staff-often with the ~qrnnce of independent reviewer3-determines whether the proposed project could be of Interest to the Fbundation's Board of Trustees. The staff sub-mits a summary of the inquiry to the Trustees to ascertain their likely interest in the idea. If the response is encouraging, the staff vntl then request a full proposal and any additional infor-mation which may be required for a complete

Il h

SCEIEDL7-E FOR GRANT ILPPLI- , IONS

THE BOARD of The W-Llliam H. ~onner Founds-tion meets three times each year, in January, May, and September Applications will be accepted at any time and will be acted upon as expeditiously as possible However, to be consid-ered for a particular meeting of the Trustees, fully completed proposals must be received at the Foundation according to this schedule

COMPLETED APPLICATION MUST FOR BOARD 13E RECEIVED AT TILE MEETING FOUNDATION BY OF

July I September

October 15 January

March I May

Lt should be noted that receipt by any of the above deadlines is a necessary but not a m,ffl -tent condition for Trustee consideration at a particular Board meeting. Because of the Large volume of applications received, the Trustees cannot consider another project proposal submitted by a rejected applicant until one year following that rejection.

SPT-PC77ON PROCESS AND CMITERLA

evaluation Upon recelpE 0 Ls matenai :he staff,mileva.Luatetheprr -jaLandrom-ardiEto several independent revi, _r3

In their evaluation of applications, the staff and independent reviewers will taice into account such Criteria as the probable overall impact of the project, the Uelihood that the pro-ject can serve as a model. the applicant's ability to successfully carry out the proposed actm. ties. how the project fits into Overall Foundation objectives and grants budget, the national importance of the project, the interest of the Foundatton's Trtmeez, and such other criteria as seem relevant to a particular proposaL

hMETINGS WTM STAFF

FOUNDAITON STAFF is available to meet per-sonally with potential grantees . However, we prefer strongly that the instial letter of inquiry be in our hands before considering such meeting& The staff will be happy to discuss projects with applicants at any stage of the application process. z

CONCLUSION

CFAA-N & JLaA POLICUES

1~~

E

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Ditnannient of the ThM25L I .t ;mal Revenue Service

I Name Please We or Print File the original and we copy Dy the due date for filing your return See InstfuC00"s On back

Xi Donner Foundation, inc ;~H ,m or . .. no (or P 0 ~ no it maii is not deirvenici to street address)

500 Fiftn Avenue, Suite 1230 uwm or post office state anto ~v =a For a foreign atborti see mmuu~s

see the next page JSA FPmh2758 (Rev, 6-98)

R~r, 2758 (Rev June 19S 3)

Application for Extension of Time to File Certain Excise, Income, Information, and Other Returns

lll~ File a separate application 101' each '-turn ILI C~ 10

OMB NO 1545 0148

n.mo.r

INew York, NY 10010 Note Corporate income taxleturn filersmustuse Form 7004 to requestan extension oftime tofile Partnerships, REMICs and

trust must use Form 8736 to request an extension of time to role Form 1065 1066 or 1041 Oues! an extens-on of time until June

-

15, - 2000

- - - --H --------------- lofflie',,krionlyono)

Form 706-GS(D) trust) Form 1120-ND(seC 49 ';ast F ., n

81512 Form 706-GS(T) Form 990-T (trust other than aPave) Form 3520-A Form 8613 Form 990 or 990_EZ Form 1041 (estate) (see Instructions Form 4720 Form 8725 Form 990-BL Form 1041-A Form 5227 Form 8804

Form 990-PF Form 1042 Form 6069 Form 8831

If the organization does not have an office or place of business in the United States check this box

2a For calendar yew . . . . or other tax year beginning Y LDvember 1, - 1998

- - - -

and ending October - 31, 1999 - - - - - - -anths check reason - - - - - - = Initial -retu - - - E~ Final return Change in accounting penod b If this tw year is for Less than 12 in ~ I m

3 Has an extension of time to fil previously granted for this tax year?

yes

E No

4 State in deta ~m The- i n format iori- neces sary- co- fi le- a- complete -and-accura te- t ax ---

return ~)le . -13,- DRY- Y, -------------------------------------------------------------------

52 1 - f this form is for 0/0 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ----

1 '41-BL, 990-PF 990-T 1041 (estate), 1 OL42 112G-ND, 4720,

60PA 3512. -~ntatrve tax, less any nonrefundable credits See instructions

b It& form 11~ XP 142.orSS04 enter any refundable credits and

'9 bl, 'winent allowed as a credit S

c oeum~ia JAM- ;~46,i'ent with this form, or deposit with F-TD

-Mucion if Zured Sn'0&. s

/;Ignature and Verification

Under Penalties of Pegury I Oscillate that ~/nn houderv accompanying scriedultni and statements and to the best of my knoviredge and belief it is true wffecL and oornplets a P. aei to Prepare this Path

I0'-jV/C"h (1 422&:' Title 06 as authorized ZINAL AND nNE CQPY The iRS will snow below wheLher or not vour ao

Notice to Applicant - To Be Completed by the IRS

-1 We HAVE approved your application Please attach this form to your return

N-We HAVE NOT approved your application However, we have granted a 1 0-day grace penod from the later of the date shown below or the due date of your return (including any prior extensions) This grace penod is considered to be a valid

I elde a arrof-time-fe"leciforns otherwise required to be made an a timely return Please attach this form to your return

F-1 @EdV~0 d r a pi cation After considering the reasons stated in item 4, we cannot grant your request for arf -enension of time to iii e are not granting the 10-day grace period

] We FIRE

"una" yo I P I

9?Je c.Mcdn22=fiur ication because it was filed after the due date of the return for which an eatension was I ~of

------------------------------------------------------------------- By

Director Dada

If You want a copy of this to= to be returned to an address other than that shown above, please entleir the addreiss to which the oppy Should be sent Name

Rea" K?MG LLP, Attn Tameka Cowan Type Number street and borri or sLute nd (dr P 0 bm no d mail a M delivered to West address) or

Prim 345 Park Avenue, 35th Floor City tonim or post Pike state and 23P code For a foreign address see instrudIonti, New York. NY 10154

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Under pertalties of pegury I declare that I he" ei(arnmed this form including 30(XiMparrying SChecluies and ststernerdit and to the beat of my imomedge and belief, it is true correct, and complete and that I am aultnorized to prepare this; form

lii~ (;/b t ot ll~

Name

P's- KPMG LLP, Attn : Tameka Cowan Type Number latest and room or suste no (or P 0 cox no it mad a not delivered to Q addiness) or Prim 345 Park Avenue, 35th Floor

city, town or post office state and ZIP Code For a fonimg, aciariess, see matoucuons

I NY 10154 Act Niti see the next page JSA Fonm2758 (Rev 6-98)

Itomn 2758 Application for Extension of Time to File (Rev June 1998) Certain Excise, Income, Information, and Other Returns OMB No 1545 0148

Department of Me Treasury I-lemal Riwenue Service File a separate application for each return

Name Employer identification number Please type or print File the ongmai and The William H Donner Foundation, Inc . 23-1611346 ons copyby Number street and room or suite no (or P 0 box no it mail is not delivered to street address) the due date for filing your return Sm 500 Fifth Avenue, Suite 1230 instructions an City tuvm or post office state am ZIP code For a foreign addrens sere instructions back New York, NY 10010 Note . Corporate income tax return filers must use Form 7004 to request an extension of time to file Partnerships REMICs, and

trust must use Form 8736 to request an extension of time to file Form 1065 1066, or 1041 uesl an extension of time until September

-

15,

-

2000

-- --------- o file (check onty one)

Form 706-GS(D) _EZ H Form ~WO-T Nec - c '95, 401(a) or 406(a) trust)--H Form 1120 NO Form 11612

Form 706-GS(T) Form 990-T (trust other than above) Form 3520-A Form 8613 Form 990 or 990 Form 1041 (estate) less Form 4720 Form 8725 Form 990-BL Form 1041-A Form 5227 Form 8804 Form 990-PF Form 1042 Form 6069 Form 8831 If the organization does not have an-office or place of business in the United States, check this box

2a For calendaryear or othertax year beginning November 15, 1998 and ending October 31, 1999

b If this tax year is for less than 12 months, check reason Initial return Final return Change in accounting penod = ---------- = --- -1:1 --------------------3 Has an extension of time to file been previously granted for this tax ywO I I Yes F~ No 4 State in detail why you need the extension The information necessary to file a complete and accurate tax

zeturn-is-not - yet-availabf~ ------------------------ -----------------------------------------

-------------------------------------------------------------------------------------------- 5a If this form is for Form 706-GS(D), 706-GSM, 990-BL, 990~-PF, 990-T, 1041 (estate), 1042, 11213-ND . 4720,

6069, 8612, 8613, 8725, 8804, or 8831, enter the tentative tax, less any nonrefundable credits Sm instructions $ 376,500 . b If this form is for Form 990-PF, 990-T, 1041 (estate), 1 D42, or 8804, enter any refundable credits and

estimated tax payments maids Include any prior year overpayment allowed as a credit $ 620,000 Balarice due . Subtract line 5b from line Sa Include your payment with this form, or deposit with FrD coupon if required See instructIons - . S (243,500 .)

Signature and Verification

FILE ORIGINAL AND ONE COPY. The IRS will show below whether or not your application is approved and will return the cop Notice to Applicant - To Be Completed by the IRS

We HAVE approved your application Please attach this form to your return R We HAVE NOT approved your application However, we have granted a 1 0-day grace period from the later of the date

shown below or the due date of your return (including any pnor extensions) This grace period is conrwdered to be a valid extension of time for elections otherwise required to be made on a timely return Please attach this form to your return

F-1 We HAVE NOT approved your application After considering the reasons stated in Item 4, we cannot grant your request for an extension of time to file We are not granting the 10-day grace penod

F-1 We cannot consider your application because it was filed after the due date of the return for which an extension was requested Other

Director Date