return of private foundation...

Form 990-PF Department of the Treasury Internal Revenue Service

Note : The

Return of Private Foundation or Section 4947(a)(1) Nonexempt Charitable Trust

Treated as a Private Foundation abon may be able to use a copy of this return to satisfy state report

OMB No 1540052

2004 For calendar year 2004, or tax year beginning JUL 1, 2004 , and ending JUN 5 G Check all that a I 0 Initial return ~ Final return 0 Amen

Use the IRS Name of organization

label . Otherwise, LLIS L . PHILLIPS FOUNDATION

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

or type . 233 COMMONWEALTH AVENUE See Specific Instructions . City or town, state, and ZIP code

BOSTON, MA 02116 H Check type of organization 0 Section 501(c)(3) exempt private foundation

Section 4947(a)(1) nonexempt charitable trust = Other taxable private foundation I Fair market value of all assets at end of year J Accounting method 0 Cash (from Part Il, Col. (c), line 16) 0 Other (specify) " $ 4 , 326 , 921 . (Part l, column (d) must be on cash bass

A Employer identification number

13-5677691 Room/swte g Telephone number

617-424-7607 If exemption application is pending, check here 1 U

D 1 . Foreign organizations, check here 2. Foreign organizations meeting the 85% test, ,

check here and attach computation

E If private foundation status was terminated under section 507(b)(1)(A), check here " D

F If the foundation is in a 60-month termination under section 507 b 1 B , check here " 0

(C) Adjusted net (d) Disbursements

income ~r charitable purposes (cash basis only)

Accrual

I part I Analysis of Revenue and Expenses (a) Revenue and (b) Net investment (The total of amounts in columns (b), (c), and (d) may not expenses p er books income necessarily equal the amounts in column (a) )

1 Contributions, gifts, grants, etc , received 7,632 .

Q Check 1 EX-1 if the foundation is not required to attach Sch B Interest on savings and temporary cash investments

4 Dividends and interest from securities Z3-r~- -A 5a Gross rents b Net rental income or (loss)

Net gain or (loss) from sale of assets not on 6a line 70

l 6001

C b Gross sales price for al 3 , 900 , 95\0& assets on line 6a

7 Capital gain d net income (from Part IV, line 2)

8 Net short-term capital gain F 9 Income modifications

Gross sales less returns and allowances

b Less Cost of goods sold

c Gross profit or (loss)

11 Other income

12 Total . Add lines 1 through 11 680,823 . 13 Compensation of officers, directors, trustees, e« 36,400 . 14 Other employee salaries and wages 37,600 . 15 Pension plans, employee benefits

N y 16a Legal fees

b Accounting fees STMT 2 6,900 . c Other professional fees STMT 3 27,393 . W

0

17 Interest 18 Taxes STMT 4 21,843 .

~ ~ 19 Depreciation and depletion 5,102 . p E 20 Occupancy ~ a 21 Travel, conferences, and meetings 86 .

22 Printing and publications X 23 Other expenses STMT 5 10,881 .

W ~ 24 Total operating and administrative c, expenses Add lines 13 through 23 146,105 .

z 0 25 Contributions, gifts, grants paid 212 . Q 26 Total expenses and disbursements . (J Add lines 24 and 25 146, 317 .

27 Subtract line 26 from line 12 8 Excess of revenue over expenses and disbursements 534, 506 .

b Net investment income (if negative, enter -0-)

c Adjusted net income (if negative, enter -0-)

LHA For Privacy Act and Paperwork Reduction Act Notice, see the instructions 423501 01-03-05

73,012 . STATEMENT

1600,179.

673 191 . 9,100 . 27,300 . 9,400 . 28,200 .

3,400 . 3,400 . 27,393 . 0 .

15,312 . 6,531 . 5,102 .

22 . 64 .

5,441 . 5,440 .

75 , 170 . 70 , 935 . 212 .

75 , 170 . 71,147 .

598,021 . N/A

Form 990-PF (2004)

16290920 804365 ELPHILLIPS 2004 .05070 ELLIS L . PHILLIPS FOUNDATIO ELPHILLI

Form 990-PF(2004) ELLIS L . PHILLIPS FOUNDATION

~~ Balance Sheets Attached schedules andamounts inUiedescnp6on Beginning of year column should betorend-of-yearamounts only (a) Book value

1 Cash - non-interest-bearing 2 Savings and temporary cash investments 406 , 868 . 3 Accounts receivable " 4,209 .

Hess allowance for doubtful accounts " 9,425 .

13-5677691 End of vear

168,326 . 173,428 .

4,326,921 . 4,274,683 .E 4,326,921 . 611 . 679 .

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

N 24 Unrestricted 25 Temporarily restricted

m 26 Permanently restricted Organizations that do not follow SFAS 117, check here 1 0 and complete lines 27 through 31 .

,°~ 27 Capital stock, trust principal, or current funds ,. 28 Paid-in or capital surplus, or land, bldg , and equipment fund

N a 29 Retained earnings, accumulated income, endowment, or other funds °' 30 Total net assets or fund balances z 4,315,417 .

4,326,921 .

70,691 .

31 Total liabilities and net assets fund balances 1 4,274,683 .

Analysis of Changes in Net Assets or Fund Balances

1 Total net assets or fund balances at beginning of year - Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year's return)

2 Enter amount from Part 1, line 27a 3 Other increases not included m line 2 (itemize) 10, 4 Add lines 1, 2, and 3 5 Decreases not included in line 2 (itemize) " UNREALIZED LOSS ON INVESTMENTS 6 Total net assets or fund balances at end of vear (line 4 minus line 5) - Part II, column (b), line 30

4,270,691 . 534,506 .

0 . 4,805,197 .

489,780 . 4,315,417 .

Form 990-PF (2004) 423571 01-03-05

16290920 804365 ELPHILLIPS 3

2004 .05070 ELLIS L . PHILLIPS FOUNDATIO ELPHILLI

4 Pledges receivable 00, Less : allowance for doubtful accounts 01

5 Grants receivable 6 Receivabies due from officers, directors, trustees, and other

disqualified persons 7 other oohs and loans recenable 1

Less allowance for doubtful accounts 1

y 8 Inventories for sale or use Y d y 9 Prepaid expenses and deferred charges N

a 10a Investments - U.S and state government obligations b Investments-corporate stock _ STMT 6 c Investments-corporate bonds STMT 7

11 Investments - land, buildings, and equipment basis

Less. accumulated depreciation

12 Investments - mortgage loans 13 Investments - other 14 Land, buildings, and equipment basis 00, 234,955 .

Less. accumulated depreciation STMT 8 No- 66 ,629 . 15 Other assets (describe 1 )

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

J 22 Other liabilities (describe " STATEMENT 9

535 .

2,414,968 . 1,269,459 .

b) Book Value

3,186,645 .

4,209 .

537 .

0 . 7 .204 .

(c) Fair Market Value

3,186,645 .

4,209 .

537 .

0 . 967,204 .

168,326 .

3,381 .

3,992 .

4,176,378 . 94,313 .

10,825 .

11,504 .

4,219,379 . 96,038 .

Form 990-PF(2004) ELLIS L . PHILLIPS FOUNDATION Part 1V Capital Gains and Losses for Tax on Investment Income

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

1a SEE SCHEDULE A

3

iuw a~ywieu (c) Date acquired (d) Date sold - Purchase I - Donation (mo , day, yr ) I (mo , day, yr )

P VARIOUS VARIOUS

d e

(e) Gross sales price

a 3,900,953 . b c d e

Complete only for assets shown

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

a

(f) Depreciation allowed I (g) Cost or other basis (or allowable) plus expense of sale

in column (h) and owned by the foundation on 12/31/69 (j) Adjusted basis (k) Excess of col (i) as of 12/31/69 over col (j), if any

If am, also enter m Part I, line 7 1 2 Capital gam net income or (net capital loss) ~ If (loss), enter-0- m Part I, line 7 1

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

8 Enter qualifying distributions from Part XII, line 4 8 71 , 14 7 .

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

423521/01-03-05 Form 990-PF (2004) 4


13-5677691

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

600,179 .

(q Gams (Col (h) gam minus col. (k), but not less than -0-) or

Losses (from col (h))

600,179 .

600,179 .

I Part V I Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income (For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income )

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

Was the organization liable for the section 4942 tax on the distnbutable amount of any year in the base period? _ _ E--1 Yes D 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 instructions before making any entries

Base pe and years Adjusted qualifying distributions Net value of noncha)ntable-use assets Distribution ratio Calendar ear or tax ear beginning in (col (b) divided by col (c))

2003 419,633 . 4,202,630 . .0998501 2002 567,347 . 4,394,910 . .1290918 2001 600,029 . 5,237,278 . .1145689 2000 579,177 . 6,458,671 . .0896743 1999 627 854 . 7 , 133 , 125 . .0880195

2 Total of pine 1, column (d) 2 .5212046 3 Average distribution ratio for the 5-year base period - divide the total on line 2 by 5, or by the number of years

the foundation has been in existence if less than 5 years 3 .1042409

4 Enter the net value of nonchantable-use assets for 2004 from Part X, line 5 4 4, 233,613 .

5 Multiply line 4 by line 3 5 441,316 .

6 Enter 1% of net investment income (1% of Part I, line 27b) 6 5 , 980 .

7 Add lines 5 and 6 7 447,296 .

5 16290920 804365 ELPHILLIPS 2004 .05070 ELLIS L . PHILLIPS FOUNDATIO ELPHILLI

Form 990-PF(2004) ELLIS L . PHILLIPS FOUNDATION 13-5677691 VI Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948 - see instructions)

1 a Exempt operating foundations described in section 4940(d)(2), check here " 0 and enter "N/A" on line 1 . Date of ruling letter (attach copy of ruling letter ii necessary-see instructions)

b Domestic organizations that meet the section 4940(e) requirements in Part V, check here " = and enter 1% 1 1 1, 960 .

of Part 1, line 27b c All other domestic organizations enter 2% of line 27b Exempt foreign organizations enter 4% of Part I, line 12, col (b)

2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only Others enter -0-) 2 3 Add lines 1 and 2 _ 3 11,960 .

4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only Others enter -0-) 4 5 Tax based on investment income . Subtract line 4 from line 3 . If zero or less, enter-0- 5 11,960 .

6 Credits/Payments a 2004 estimated tax payments and 2003 overpayment credited to 2004 _ 6a 2 , 440 . b Exempt foreign organizations -tax withheld at source 6b c Tax paid with application for extension of time to file (Form 8868) . 6c d Backup withholding erroneously withheld . . 6d

7 Total credits and payments Add lines 6a through 6d 7 2 , 440 .

8 Enter any penalty for underpayment of estimated tax Check here D if Form 2220 is attached 8 . 9 Tax due . If the total of lines 5 and 8 is more than line 7, enter amount owed " 9 9,520

10 Overpayment . If line 7 is more than the total of lines 5 and 8, enter the amount overpaid 10 11 Enter the amount of line 10 to be' Credited to 2005 estimated tax " Refunded " 11 Pmt V11 -A Statements Regarding Activities 1 a During the tax year, did the organization attempt to influence any national, state, or local legislation or did it participate or intervene m Yes No

1a K any political campaigns b Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see instructions for definition) 1b

If the answer is "Yes" to 1 a or 1 b, attach a detailed description of the activities and copes of any materials published or distributed by the organization in connection with the activities.

c Did the organization file Form 1120-POL for this years 1 c X d Enter the amount (rf any) of tax on political expenditures (section 4955) imposed during the year .

(1) On the organization . " $ 0 " (2) On organization managers " $ 0 .

e Enter the reimbursement (if any) paid by the organization during the year for political expenditure tax imposed on organization managers " $ 0 .

2 Has the organization engaged m any activities that have not previously been reported to the IRS 2 If "Yes, " attach a detailed description of the activities.

3 Has the organization made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments If "Yes," attach a conformed copy of the changes 3

4a Did the organization have unrelated business gross income of $1,000 or more during the years 4a X b If "Yes," has it filed a tax return on Form 990-T for this years N/A 4b

5 Was there a liquidation, termination, dissolution, or substantial contraction during the years 5 If "Yes, " attach the statement required by General Instruction T.

6 Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either " By language in the governing instrument, or " By state legislation that effectively amends the governing instrument so that no mandatory directions that conflict with the state law

remain in the governing instruments 6 7 Did the organization have at least $5,000 in assets at any time during the years 7

If "Yes," complete Part fl, col. (c), and Part XV. 8a Enter the states to which the foundation reports or with which it is registered (see instructions) 01

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

of each state as required by General Instruction G9 If "No," attach explanation 8b 9 Is the organization claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar

year 2004 or the taxable year beginning in 2004 (see instructions for Part XIV)9 If "Yes, " complete Part XIV 9

10 Did any persons become substantial contributors during the tax years if 'Yes,* anon a schedule listing their names and addresses 10

11 Did the organization comply with the public inspection requirements for its annual returns and exemption applications 11 X web site address " WWW. ELLISLPHILLIPSFNDN .ORG

12 The books are in care of " ELLIS L . PHILLIPS, III Telephone no "617-424-7607 Locatedat "233 COMMONWEALTH AVENUE, BOSTON, MA zIP+4 .02116

13 Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 - Check here " D and enter the amount of tax-exempt interest received or accrued during the year 10- 1 13 ~ N/A

423531 01-03-05 Form 990-PF (2004)

13-5677691 Pages Form 990-PF(2004) ELLIS L . PHILLIPS FOUNDATION


PVt14B ] Statements Regarding Activities for Which Form 4720 May Be Required File Form 4720 if any item is checked in the "Yes" column, unless an exception applies .

1 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? 0 Yes D No (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified persons E:]Yes EXI No (3) Furnish goods, services, or facilities to (or accept them from) a disqualified persons 0 Yes D No (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? OX Yes D 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) _ 0 Yes OX No (6) Agree to pay money or property to a government officials (Exception . Check "No"

if the organization agreed to make a grant to or to employ the official for a period after termination of government service, if terminating within 90 days .) D Yes D No

b If any answer is "Yes" to 1x(1)-(6), did any of the acts fad to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions) 1b Organizations relying on a current notice regarding disaster assistance check here

c Did the organization engage in a prior year in any of the acts described in 1a, other than excepted acts, that were not corrected before the first day of the tax year beginning in 2004 1 c X Taxes on failure to distribute income (section 4942) (does not apply for years the organization was a private operating foundation defined m section 4942(j)(3) or 4942(j)(5)) .

a At the end of tax year 2004, did the organization have any undistributed income (lines 6d and 6e, Part XIII) for tax year(s) beginning before 2004? _ 0 Yes D No If "Yes," list the years 10,

b Are there any years listed in 2a for which the organization is not applying the provisions of section 4942(x)(2) (relating to incorrect valuation of assets) to the year's undistributed income? (If applying section 4942(x)(2) to all years listed, answer "No" and attach statement-see instructions ) . . N/A 2b

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

3a Did the organization hold more than a 2% direct or indirect interest m any business enterprise at any time during the years E] Yes OX No

h If "Yes ;" did it have excess business holdings m 2004 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 penod9 (Use Schedule C, Form 4720, to determine if the organization had excess business holdings m 2004) N /A 3b

4a Did the organization invest during the year any amount m a manner that would jeopardize its charitable purposes 4a b Did the organization make any investment m 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 2004 4b

5a During the year did the organization pay or incur any amount to . (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))'? D Yes o No (2) Influence the outcome of any specific public election (see section 4955), or to carry on, directly or indirectly,

any voter registration drive? o Yes D No (3) Provide a grant to an individual for travel, study, or other similar purposes D Yes D No (4) Provide a grant to an organization other than a charitable, etc , organization described m section

509(x)(1), (2), or (3), or section 4940(d)(2)'? = Yes D No (5) Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for

the prevention of cruelty to children or animals D Yes D No b If any answer is "Yes" to 5x(1)-(5), did any of the transactions fad to qualify under the exceptions described in Regulations

section 53 4945 or in a current notice regarding disaster assistance (see instructions) NBA 5b Organizations relying on a current notice regarding disaster assistance check here ~ 0

c If the answer is "Yes" to question 5x(4), does the organization claim exemption from the tax because it maintained expenditure responsibility forthegrant2 NBA 0 Yes D No If "Yes, " attach the statement required by Regulations section 53.4945-5(d).

6a Did the organization, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contracts = Yes EKI No

b Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contracts 6b If you answered "Yes" to 6b, also file Form 8870. 1 .1 . . . . . ~ . . . . . . . .

Form 990-PF (2004)

423541 01-03-05

IRED 1 0 .1 0 .1 0 .

2 Compensation of five highest-paid employees (other than those included on line 1) . If none, enter "NONE." (b) Title and average

(a) Name and address of each employee paid more than $50,000 hours per week (c) Compensation devoted to position

NONE

s I (e) Expense account, other allowances

0

4

01303-05 Form 990-PF (2004) 7


i ELLIS L . PHILLIPS FOUNDATION 13-5677691

Information About Officers, Directors, Trustees, Foundation Managers, Highly Page s Paid Employees, and Contractors

1 List ail officers, directors, trustees, foundation managers and their compensation .

(a) Name and address (b) Title, and average (c) Compensation (d) conmeuoonsto (e) Expense

hours per week devoted (If not paid, °"'p a~~~t~wns account, other to position enter -0- compensa4on allowances

ELLIS L . PHILLIPS, III RESIDENT 233 COMMONWEALTH AVENUE, SUITE 2 BOSTON MA 02116 10 HOURS 36 400 . 0 . 0 . SEE SCHEDULE B

Total number of other employees paid over $50,000 00.1 3 Five highest-paid independent contractors for professional services . If none, enter "NONE."

(a) Name and address of each person paid more than $50,000 (b) Type of service (c) C NONE

Total number of others receivin g over $50,000 for professional services 10.1 ¬ pmt 1X-ASummary of Direct Charitable Activities

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

2

3

Total . Add lines 1 through 3 1 1 0 .

Minimum investment Return (All domestic foundations must complete this pan . Foreign foundations, see instructions .)

1 Fair market value of assets not used (or held for use) directly in carrying out charitable, etc , purposes' a Average monthly fair market value of securities b Average of monthly cash balances c Fair market value of all other assets d Total (add lines 1a, b, and c) e Reduction claimed for blockage or other factors reported on lines is and

1c (attach detailed explanation) 1e 2 Acquisition indebtedness applicable to line 1 assets

2,325,816 . 1,796,757 .

175,511 . 4,298,084 .

0 . 0 .

F"XII Qualifying Distributions (see instructions)

8


Form 990-PF(2004) ELLIS L . PHILLIPS FOUNDATION 13-5677691 Page?

Summary of Program-Related Investments

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

2

All other program-related investments. See instructions 3

3 Subtract line 2 from line 1 d 3 4,298,084 . 4 Cash deemed held for charitable activities Enter 1 1/2% of line 3 (for greater amount, see instructions) 4 64 , 471 .

5 Net value of noncharitable-use assets . Subtract tine 4 from line 3 Enter here and on Part V, line 4 5 4,233,613 . 6 Minimum investment return . Enter 5% of line 5 ~ 6 ~ 211, 681 .

~~ Dlstributable Amount (see instructions) (Section 4942(l)(3) and (j)(5) private operating foundations and certain foreign organizations check here " 0 and do not complete this part )

1 Minimum investment return from Part X, line 6 1 211, 681 . 2a Tax on investment income for 2004 from Part VI, line 5 2a 11,960 .

b Income tax for 2004 (This does not include the tax from Part VI ) 2b c add lines 2a and 2n 2c 11 960 .

3 Distnbutable amount before adjustments Subtract line 2c from line 1 3 199, 721 .

4 Recoveries of amounts treated as qualifying distributions 4 0 .

5 Add lines 3 and 4 5 199, 721 .

6 Deduction from distnbutable amount (see instructions) 6 0 7 Distributable amount as adjusted Subtract line 6 from line 5 Enter here and on Part XIII, line 1 7 195, 721 .

1 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 71,147 .

b Program-related investments -total from Part IX-B 1b 02 Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc , purposes 2

3 Amounts set aside for specific charitable projects that satisfy the a Suitability test (prior IRS approval required) 3a b Cash distribution test (attach the required schedule) 3b

4 Qualifying distributions . Add lines 1a through 3b Enter here and on Part V, line 8, and Part XIII, line 4 4 71,147 .

5 Organizations that qualify under section 4940(e) for the reduced rate of tax on net investment income Enter 1% of Part I, line 27b 5

06 Adjusted qualifying distributions . Subtract line 5 from line 4 ~ 6 ~ 71,147 .

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 of tax m those years

Form 990-PF (2004)

423561 01-03-05

Form 990-PF(2004) ELLIS L . PHILLIPS FOUNDATION 13-5677691 Page B

Undistributed Income (see instructions)

(d) 2004 Corpus Years prior to 2003 2003 ( I (b) I (`'

199,721 .

0 .

0 . 3 Excess distributions carryover, if any, to 2004 a From 1999 280,790 . bFrom 20o0 270, 173 . c From 2001 339,507 . d From 2002 348 , 373 . e From 2003 214,337 . f Total of lines 3a through e

4 Qualifying distributions for 2004 from Part XII, line 4 " $ 71 , 147 .

a Applied to 2003, but not more than line 2a b Applied to undistributed income of prior years (Election required -see instructions)

c Treated as distributions out of corpus (Election required - see instructions)

d Applied to 2004 distnbutable amount e Remaining amount distributed out of corpus

5 Excess distributions carryover applied to 2004 (If an amount appears in column (d), the same amount must be shown in column (a) )

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

8 Corpus Add lines 3f, 4c, and 4e Subtract line 5

b Prior years' undistributed income Subtract line 4b from line 2b

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

d Subtract line 6c from line 6b Taxable amount-see instructions

e Undistributed income for 2003 Subtract line 4a from line 2a Taxable amount-see instr

f Undistributed income for 2004 Subtract lines 4d and 5 from line 1 This amount must be distributed in 2005

7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(E) or 4942(8)(3)

8 Excess distributions carryover from 1999 not applied on line 5 or line 7

9 Excess distributions carryover to 2005 Subtract lines 7 and 8 from line 6a

10 Analysis of line 9 a Excess from 2000 270,173 . b Excess from 2001 339,50 7 . c Excess from 2002 348,373 . d Excess from 2003 214,3 3 7 .

0 .

128 .574 .

1,324,606 .

0 .

0 .

0 .

1,172,390 .

Form 990-PF (2004)


1 Distnbutable amount for 2004 from Part XI, line 7

2 undistributed Income, if any, as of the end of 2003

a Enter amount for 2003 only b Total for poor years

1,453,180 .

0 .

0 . 128,574 .

0 .

0 .

0 .

71,147 .

0 .

152,216 .

423571 01-03-OS

Form 990-PF 2004 ELLIS L . PHILLIPS FOUNDATION ~7CJIV Private Operating Foundations (see instructions and Part VII-A, question 9)

1 a If the foundation has received a ruling or determination letter that it is a private operating foundation, and the ruling is effective for 2004, enter the date of the ruling 1

b Check box to indicate whether the organization is a p rivate operating foundation described m section 2 a Enter the lesser of the adjusted net Tax year Prior 3 yeas

income from Part I or the minimum (a) 2004 (b) 2003 (c) 2002

investment return from Part X for each year listed

b 85% of line 2a c Qualifying distributions from Part XII,

line 4 for each year listed d Amounts included m line 2c not

used directly for active conduct of exempt activities

e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c

3 Complete 3a, b, or c for the alternative test relied upon

a "Assets" alternative test - enter (1) Value of all assets

(2) Value of assets qualifying under section 4942(j)(3)(B)(Q

b 'Endowment" alternative test - enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed

c "Support"alternative test -enter (1) Total support other than gross

investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)

(2) Support from general public and 5 or more exempt organizations as provided m section 4942(j)(3)(B)(m)

(3) Largest amount of support from an exempt organization

13-5677691 N/A

i42(1)(3) or 0 4942(l)(5)

(d) 2001 (e) Total


pol't XV Supplementary Information (Complete this part only if the organization had $5,000 or more in assets at any time during the year-see page 26 of the instructions.)

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

year (but only if they have contributed more than $5,000) (See section 507(d)(2) )

NONE b List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the ownership of a partnership or

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

NONE 2 Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here 1 D if the organization only makes contributions to preselected charitable organizations and does not accept unsolicited requests for funds If the organization makes gifts, grants, etc (see instructions) to individuals or organizations under other conditions, complete items 2a, b, c, and d

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

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

c Any submission deadlines

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

a2asa1roi-a3-os Form 990-PF (2004)

azasoiio1-a3-os Form 990-PF (2004) 11


Enter gross amounts unless otherwise indicated unreiatea Dusmess income Excluded b section 512 573 or 514 (a) (b) ~~~�_ (d) Related or exempt

Business Amount ode Amount function income 1 Program service revenue code a b c d e 1 g Fees and contracts from government agencies

2 Membership dues and assessments 3 Interest on sarongs and temporary cash

investments 4 Dividends and interest from securities 14 73,012 . 5 Net rental income or (loss) from real estate a Debt-financed property b Not debt-financed property

6 Net rental income or (loss) from personal property

7 Other investment income 8 Gam or (loss) from sales of assets other

than inventory 18 600,179 . 9 Net income or (loss) from special events 10 Gross profit or (loss) from sales of inventory 11 Other revenue

a b c d e

12 subtotal Add columns (b), (d), and (e) 0 .1 . ] 673,191 . 1 0 . 13 Total . Add line 12, columns (b), (d), and (e) 13 673,191 .

(See worksheet in line 13 instructions to verity calculations

Part XYi-8 Relationship of Activities to the Accomplishment of Exempt Purposes


r

Form 990-PF(2004) ELLIS L . PHILLIPS FOUNDATION 13-5677691

Part XVI-A Analysis of Income-Producing Activities

Form 990-PF(2004) ELLIS L . PHILLIPS FOUNDATION 13-5677691 ttt Information Regarding Transfers To and Transactions and Relationships With Noncharitable

Exempt Organizations 1 Did the organization directly or indirectly engage in any of the following with any other organization described m section 501(c) of Yes No

the Code (other than section 501(c)(3) organizations) or m section 527, relating to political organizations? a Transfers from the reporting organization to a nonchantable exempt organization of

(1) Cash la (l ) X (2) Other assets . _ 1a ( 2 11 X

b Other transactions (1) Sales of assets to a nonchantable exempt organization __ 1 b 1 X

(2) Purchases of assets from a nonchantable exempt organization 1 b( 2 ) X

(3) Rental of facilities, equipment, or other assets _ _ 1 b 3 (4) Reimbursement arrangements 1b(4 ) X

(5) Loans or loan guarantees 1 b( 5 ) (6) Performance of services or membership or fundraising solicitations _ _ 1b 6

c Sharing of facilities, equipment, mailing lists, other assets, or paid employees _ 1 c X d If the answer to any of the above is "Yes ; complete the following schedule Column (b) should always show the fair market value of the goods, other assets,

or services given by the reporting organization . If the organization received less than fair market value m any transaction or sharing arrangement, show m

2a Is the organization directly or indirectly affiliated with, or related to, one or more tax-exempt organizations described in section 501(c) of the Code (other than section 501(c)(3)) or in section 5279 Yes M No

of relations (a) Name of organization pe of of N/A

423621 01-03-OS

16290920 804365 ELPHILLIPS 2004 .0507

penury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, Under pen:It,", and compl~caration of preparer oth r than taxpayer or fidua~pd is based on all information of which p eparer has any knowledge

J k ~;1~.' ~ ~ ~ 1 -1 _ 1 ' Signature of officer or trustee

Preparer's ~ rr,i50A signature ,~ DR A L . DUDL ~ u«T

a o,~ Firm's came ca yours WALLACE, SAVAG & DAV I a (a ifseli-employed), 'ONE CABOT PLACE

address, and ZIP code S TOUGHTON , MA 02072

2004 DEPRECIATION AND AMORTIZATION REPORT FORM 990-PF PAGE 1 990-PF

Asset Descri ption

Date Line oe

Unadjusted Bus % Reduction In Basis For Accumulated Current Amount Of Plion Acquired Method Cost Or Basis Excl Basis Deprecation Depreciation Sec 179 Depreciation

FURNITURE & EQUIPMENT

1 FF.I.x. ..G EQUIPMENT 1983 1S7 3,71 5 .00 16 7o222 . 7x222 . 7r222 . 0 .

2 FFICE EQUIPMENT 1984 012784 L 5 .00 16 403 . 403 . 403 . 0 .

~`~'ICE EQUIPMENT ~.986 9 2585 SL 5 .00 16 4,715 . 4,r715 . 4e715 . 01

4 COMPUTER 1990 050190SL .00 16 9,950 . 9,950 . 9,950 . 0 .

5 0ST7N OFFICE 1993 0 7.0 1.928L .00 16 5oO65+ 5,55 . 51,065 . 0 .

6 LATERAL FILE 1993 111292SL .00 16 488 . 488 . 488 . 0 .

7 ALOGEN LAMP 1993 6143L .40 16 20e . 208 . 208, 0 .

8 FAX MACHINE 1993 061493 SL .00 16 300 . 300 . 300 . 0 .

SJ kIEA't 1994 122 0.0 38L 5.00 16 174 . 174 . 174 . 01~

10 REFRIGERATOR 1995 111694 SL 5 .00 16 105 . 105 . 105 . 0 .

11INCtLTA COPIER 196 6 2 4 .9 6 SL .00 16 30840 . 3*800 . 3f800 . 0 .

12IMAC LAPTOP COMPUTER 101499 SL .00 16 1,594 . 1,594 . 1,515 . 79 . 990-PF I TOTAL -

34rO24 . 0 . 34,a24 . 33t945, 0 . 75 . FURNITURE & EQUIPMENT BUILDING & IMPROVEMENTS CONDO-233 COMMONWEALTH Q /~

3.'x K~ti 1V ~3 R .t..i .̀1,0,t/ ~I' .i6 155o595 . 155 t59 5 . (wsG~' O4sF4 s7~k~~SfA

151MPROVEMENTS 011599SL 40 .0016 30,850 . 30,850 . 4,242 . 771 .

16 .L 1'1.C'RO1F FZt'J,i:lb'1 .i. S-.i.'tiJ. .Y. \.7' 12 1 110 DS.t 40 .001 k. 6 14 t 486 . 14 ,t 486.11 1 r297. 1 362.

428102 1o-oa-oa (D) - Asset disposed " ITC, Section 179, Salvage, Bonus, Commercial Revitalization Deduction

14

2004 DEPRECIATION AND AMORTIZATION REPORT FORM 990-PF PAGE 1 990-PF

k

Asset Date Line oe Unadjusted Bus % Reduction In Basis For Accumulated Current Amount Of

No Description Acquired Method Cost Or Basis Excl Basis Depreciation Depreciation Sec 179 Depreciation

* 990-PF PG 1 TOTAL - UILDING & IMPROVEMENT 200,931 . 0 . 200,931 . 27,582 . 0 . 5,023 . GRAND TQT.AL 9 90--FF 1 DEPR 234o955 . 0 . 234#955 . 61t527 . 0 . 5t102 .

428102 io-oa-oa (D) -Asset disposed * ITC, Section 179, Salvage, Bonus, Commercial Revitalization Deduction

15

ELLIS L . PHILLIPS FOUNDATION 13-5677691

FORM 990-PF OTHER PROFESSIONAL FEES STATEMENT 3

(A) (B) (C) (D) EXPENSES NET INVEST- ADJUSTED CHARITABLE PER BOOKS MENT INCOME NET INCOME PURPOSES

27,393 . 27,393 . 0 .

27,393 . 27,393 . 0 .

DESCRIPTION

PORTFOLIO MANAGEMENT FEES

TO FORM 990-PF, PG 1, LN 16C

FORM 990-PF TAXES STATEMENT 4

(C) ADJUSTED NET INCOME

EXPENSES NET INVEST-PER BOOKS MENT INCOME

320 . 160 . 72 . 72 .

2,988 . 1,494 . 6,503 . 1,626 .

11,960 . 11,960 .

21,843 . 15,312 .

(D) CHARITABLE PURPOSES

160 . 0 .

1,494 . 4,877 .

0 .

6,531 .

16 STATEMENT S) 1, 2, 3, 4 2004 .05070 ELLIS L . PHILLIPS FOUNDATIO ELPHILLI 16290920 804365 ELPHILLIPS

FORM 990-PF DIVIDENDS AND INTEREST FROM SECURITIES STATEMENT 1

CAPITAL GAINS COLUMN (A) SOURCE GROSS AMOUNT DIVIDENDS AMOUNT

A.G . EDWARDS DIVIDENDS 46,594 . 0 . 46,594 . A .G . EDWARDS INTEREST 26,418 . 0 . 26,418 .

TOTAL TO FM 990-PF, PART I, LN 4 73,012 . 0 . 73,012 .

FORM 990-PF ACCOUNTING FEES STATEMENT 2

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

DESCRIPTION PER BOOKS MENT INCOME NET INCOME PURPOSES

ACCOUNTING FEES 6,800 . 3,400 . 3,400 .

TO FORM 990-PF, PG 1, LN 16B 6,800 . 3,400 . 3,400 .

DESCRIPTION

STATE TAXES FOREIGN TAXES REAL ESTATE TAXES PAYROLL TAXES FEDERAL EXCISE TAX

TO FORM 990-PF, PG 1, LN 18


FORM 990-PF OTHER EXPENSES STATEMENT 5

EXPENSES NET INVEST-PER BOOKS MENT INCOME

1,716 . 858 . 2,992 . 1,496 .

841 . 421 . 2,587 . 1,293 . 1,158 . 579 .

800 . 400 . 787 . 394 .

10,881 . 5,441 .

(C) ADJUSTED

NET INCOME

(D) CHARITABLE PURPOSES

858 . 1,496 .

420 . 1,294 .

579 . 400 . 393 .

5,440 .

TELEPHONE MAINTENANCE UTILITIES DIRECTORS' MEETINGS OFFICE EXPENSES DUES & SUBSCRIPTIONS INSURANCE

TO FORM 990-PF, PG 1, IN 23

FORM 990-PF CORPORATE BONDS STATEMENT 7

FAIR MARKET VALUE

967,204 .

967,204 .

DESCRIPTION

MARKETABLE DEBT SECURITIES

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

BOOK VALUE

967,204 .

967,204 .

17 STATEMENT S) 5, 6, 7 16290920 804365 ELPHILLIPS 2004 .05070 ELLIS L . PHILLIPS FOUNDATIO ELPHILLI

DESCRIPTION

FORM 990-PF CORPORATE STOCK STATEMENT 6

FAIR MARKET DESCRIPTION BOOK VALUE VALUE

MARKETABLE EQUITY SECURITIES 0 . 0 .

TOTAL TO FORM 990-PF, PART II, LINE lOB 0 . 0 .


18 STATEMENT S) 8, 9 16290920 804365 ELPHILLIPS 2004 .05070 ELLIS L . PHILLIPS FOUNDATIO ELPHILLI

FORM 990-PF DEPRECIATION OF ASSETS NOT HELD FOR INVESTMENT STATEMENT 8

COST OR ACCUMULATED DESCRIPTION OTHER BASIS DEPRECIATION BOOK VALUE

OFFICE EQUIPMENT 1983 7,222 . 7,222 . 0 . OFFICE EQUIPMENT 1984 403 . 403 . 0 . OFFICE EQUIPMENT 1986 4,715 . 4,715 . 0 . COMPUTER 1990 9,950 . 9,950 . 0 . BOSTON OFFICE 1993 5,065 . 5,065 . 0 . LATERAL FILE 1993 488 . 488 . 0 . HALOGEN LAMP 1993 208 . 208 . 0 . FAX MACHINE 1993 300 . 300 . 0 . MODEM 1994 174 . 174 . 0 . REFRIGERATOR 1995 105 . 105 . 0 . MINOLTA COPIER 1996 3,800 . 3,800 . 0 . IMAC LAPTOP COMPUTER 1,594 . 1,594 . 0 . CONDO-233 COMMONWEALTH AVE . 155,595 . 25,933 . 129,662 . IMPROVEMENTS 30,850 . 5,013 . 25,837 . IMPROVEMENTS-PATIO 14,486 . 1,659 . 12,827 .

TOTAL TO FM 990-PF, PART II, LN 14 234,955 . 66,629 . 168,326 .

FORM 990-PF OTHER LIABILITIES STATEMENT 9

DESCRIPTION AMOUNT

PAYROLL TAXES WITHHELD 1,305 . FEDERAL EXCISE TAX PAYABLE 9,520 .

TOTAL TO FORM 990-PF, PART II, LINE 22, COLUMN B 10,825 .

ELLLS L PHILLIPS FOUNDATION 13-5677691 SECURITIES SCHEDULE NYCF-3

7/1/046/30/05 TYPE OF SECURITY INVENTORY BEGINNING PURCHASES DISPOSITIONS SHORT INVENTORY END

OF PERIOD OR OF PERIOD DATE LONG INCOME

ACQUIRED STOCKS SHARES COST SHARES COST SHARES SALES PRICE DATE (GAIN)/LOSS TERM SHARES COST MV EARNED 2/5/03 AFLAC Inc 1,000 32,243 08 1,000 42,962 32 6/30/05 (10,719.24) L 41000 4/4/03 Air Products & Chemicals Inc 825 34,661 13 825 49,528 67 6/30/05 (14,867 54) L 98175 12/20/01 Ambac Financial Group, Inc 200 1 1,075 57 200 13,885 41 6/30/05 (2,809 84) L 10006 6/1/05 American Express Company 700 38,417 94 700 37,666 67 6/30/05 75127 S 8/28/02 American InYI Group Inc 700 46,461 26 700 40,653 71 6/30/05 5,80755 L 28000 3/20/02 Amgen 500 30,507 23 '- 6/3/02 100 5,27700 600 36,079 59 6/30/05 (29536) L = 3/1/01 Analog Devices Inc 1,350 54,799 20 1,350 50,184 37 6/30/05 4,61483 L 37800

- u 6/1/01 Apache Corp 800 48,30973 1/22/02 Distribution 80 000 300 12,807 50 8/27/04 (4,965 02) L 4/2/03 Distribution 44 000 250 12,506 09 12/22/04 (5,970 69) L 1/14/04 Stock split 924 000 1,298 83,925 22 6/30/05 (49,993 37) L 44240 , 2/5/03 Applebees International Inc 500 12,981 OS 6/11/03 200 6,17347 6/15/04 Stock split 350 000 1,050 28,477 13 6/1/05 (9,322 61) L 6300 8/17/93 Bank of America Corp 6 5% Pfd 342 8,39776 8/27/04 Stock split 342 000 684 31,217 81 6/30/05 (22,82005) L 1,231 20 06/01/05 BeIISouth Corp 1,500 40,578 87 1,500 39,533 79 6/30/05 1,04508 S d 6/1/01 Best Buy Inc 750 30,260 23 150 8,351 64 6/1/05 (2,299 59) L 32250

600 41,40959 6/30/05 (17,20141) L a 3/1/01 BP P L C 1,000 50,657 93 1,000 62,244 55 6/30/05 (11,586 62) L 1,87200 12/20/01 Bright Horizons Family Solutions Inc 425 10,332 96 3/18/05 Stock split 425 000 850 34,381 85 6/30/05 (24,048 89) L 8/28/02 Centurytel Inc 500 14,159 87 500 15,287 33 8/27/04 (1,127 46) L 8/25/97 Chubb Corp 450 30,871 13 450 37,861 40 6/1/05 (6,990 27) L 72000 6/I/05 Church & Dwight 475 17,399 87 475 17,107 00 6/30/05 29287 S 416/97 Cisco Systems, Inc 1,500 20,221 32 3/23/00 stock split 2,000 000 3,500 66,983 41 6/30/05 (46,762 09) L 12/12/00 Citigroup Inc 2,000 94,374 44 2,000 92,815 89 6/30/05 1,55855 L 3,360_0_0 6/i/05 Cognos Inc 500 18,672 46 500 17,079 93 6/30/05 1,59253 S 6/3/02 Colgate Palmolive Co 900 47,414 52 900 45,124 00 6/30/05 2,29052 L 90900 6/1/05 Dendrite Intl Inc 1,375 22,028 74 1,375 18,976 23 6/30/05 3,05251 S 6/1/05 East West Bancorp Inc 500 17,43208 500 16,757 24 6/30/05 67484 S 8/31/01 Expedrtors International Washington 275 7,73129 275 13,820 13 6/30/05 (6,088 84) L 7150 8/27/04 EMC Corporation 2,500 27,482 65 2,500 34,198 19 6/30/05 (6,715 54) S 12/8/99 Fanme Mae 450 30,905 67 450 26,104 21 6/30/05 4,80146 L 70200 n 3/1/01 'Fifth Third Bancorp 900 49,460 27 900 36,945 49 6/30/05 12,514 78 L 1,206 00 6/1/OS Fisher Scientific International Inc 325 20,556 25 325 20,948 61 6/30/05 (39236) S fl 2/5/03 Fuelcell Energy Inc 300 1,86130 300 3,02290 6/30/05 (1,161 60 L 6/1/05 Genzyme Corp 275 17,616 50 275 16,463 55 6/30/05 1,15295 S 6/1/05 Getty Images Inc 300 22,857 00 300 22,15305 6/30/05 70395 S 8/31/01 Green Mountain Coffee, Inc 850 25,184 65 850 28,891 59 6/30/05 (3,706 94) L 3/17/05 Groupe Danone 1,200 24,426 40 6/1/05 800 15,059 12 2,000 34,853 52 6/30/05 4,63200 S 40789 7 8/28/02 Hewlett-Packard Co 1,000 14,691 75 1,000 22,384 15 6/1/05 (7,692 40) L 5/7/03 1,000 16,86201 1,000 23,670 71 6/30/05 (6,808 70) L 64000 cp 12/8/99 111 Tool Works Inc 450 30,397 63 3/31/04 200 15,670 00 650 51,843 28 6/30/05 (5,775 65) L 70200 12/22/04 Ingersoll-Rand Company Ltd 400 32,312 00 400 28,536 78 6/30/05 3,77522 S 20000 7/10/97 Intel Corp 50 92094 9/29/00 1,200 54,01167 1,250 32,573 79 6/30/05 22,358 82 L 30000

ELLIS L. PHILLIPS FOUNDATION 13-5677691 SECURITIES SCHEDULE NYCF-3

7/1/04-6/30!05

TYPE OF SECURITY INVENTORY BEGINNING PURCHASES DISPOSITIONS SHORT INVENTORY END OF PERIOD OR OF PERIOD

DATE LONG INCOME ACQUIRED STOCKS SHARES COST SHARES COST SHARES SALES PRICE DATE (GAIN)/LOSS TERM SHARES COST MV EARNED

6/11/03 Intermagnetic General Corp 1,500 28,318 27 500 14,332 45 12/22/04 (8,039 51) L n 8/17/04 Stock split 750 000 1,000 29,165 40 6/1/05 (16,579 49) L C

750 23,342 70 6/30/05 (13,903 28) L

11/14/03 InPI Business Machines Corp 400 36,012 00 400 29,850 74 6130/05 6,161 26 L 29600 -r

611 /OS Internet Sec Sys Inc 900 20,426 07 900 18,640 42 6/30/05 1,785 65 S O

5/31102 1 M Smucker Co 10 31825 10 452 88 2/25/05 (13463) L 7 50 3/8/96 Johnson & Johnson 1,700 41,065 09 200 12,599 70 12/22/04 (7,768 52) L

500 33,379 19 6/1/05 (21,301 22) L 1,000 65,095 00 6/30/05 (40,939 06) L 1,891 50 C

8/27/04 Johnson Controls, Inc 500 27,63680 500 27,913 07 6/30/05 (27627) S 487 50 3/31/04 J P Morgan Chase & Co 900 37,694 31 900 31,843 78 6/30/05 5,85053 L 1,22400

7 -T

03/20/02 Keyspan Corp 600 20,652 45 600 24,207 27 6/30/05 (3,554 81) L

8/27/04 300 11,351 57 300 12,101 14 6/30/05 (74958) S 1,48650 . 8/28/02 Kinder Morgan Inc 1,000 43,041 10 250 14,774 65 8/27/04 (4,014 38) L C

750 62,385 03 6/30/05 (30,104 20) L 2,03438 11/14/03 Kronos lnc 750 29,465 54 750 30,577 32 6/30/05 (1,111 78) L 8/31/01 Lifeline Systems, Inc 800 7,877 53 275 8,994 98 6/1/05 (6,287 07) L v

525 16,745 54 6/30/05 (11,575 92) L a'

6/1/05 Lilly Eli & Company 300 17,712 00 300 16,631 29 6/30/05 1,08071 S 3/31/04 Lowe'sCompanies,lnc 700 39,401 40 700 40,853 11 6/30/05 (1,451 71) L 11200

6/4/93 McGraw - Hill Companies, Inc 300 5,378 80 -

5/17/05 Distribution 300 000 600 26,298 87 6/30/05 (20,920 07) L 378 00 9/2/94 Medtronic,lnc 1,800 10,919 98 200 10,671 54 6/1/05 (9,458 20) L

1,600 82,914 17 6/30/05 (73,207 53) L 60300 2/6/96 Microsoft Corp 1,200 14,027 84

2/14/03 Stock split 1,200 000 2,400 59,672 55 6/30/05 (45,644 71) L 7 968 00 3/1/01 3M Company 350 19,337 50 350 25,566 42 6/30/05 (6,228 92) L 54600 6/1/01 Mylan Laboratories 975 13,670 99 400 6,76775 8/27/04 (1,159 14) L

575 10,240 33 12/22/04 (2,177 95) L 46 50 4/6/04 Nabors Industries Ltd 600 27,772 43 300 15,630 52 12/22/04 (1,744 31) S

300 16,853 28 6/1/05 (2,96706) L

3/1/01 NokiaCorp 2,100 49,441 33 2,100 24,062 17 8/20/04 25,379 16 L 5/17/00 Oracle Corp 2,200 83,270 03 2,200 29,201 90 6/30/05 54,068 13 L

V 8,'3704 P_ritair Incorporated 800 26 529 37 298 00 6/1/05 100 17,938 39 1,200 51,221 75 6/30/05 (6,753 99) S n 6/1/05 Pepsico Incorporated 700 40,075 78 700 37,610 83 6/30/05 2 463 95 S 182 uO 11/14/0 ; Pfizer Inc 1,200 38,130 74 1,200 32,964 45 6/30/05 5,16629 L 864 00 0 I3/20/01 Procter & Gamble Co 500 40,326 75 06/18/04 Stock split 500 000 1,000 53,151 79 6/30/05 (12,825 04) L I u -'0 00 06/01/05 Qualcomm Inc 400 15,442 60 400 13,191 54 6/30/05 2,251 06 S 12/22/04 Questar Corp 500 25,751 22 500 32,673 68 6/30/05 (692246) S 22000 6/11/03 Rouse Company 700 27,21701 500 32,991 21 8/27/04 (13 55049) L

200 13,041 04 11/15/04 (5,264 75) L 611 19 7 6/11/03 Royal Dutch Petroleum Co 300 1,219 83 300 19,454 18 6/30/05 (5 234 35) L 84i 47 ~ 4/4/03 Sealed Air Corp 1,000 39,776 60 575 29 801 65 6/1/05 (6,930 10) L

425 21,032 88 6/30/05 (4,127 83) L 12/22/04 Serena Software Inc 1,000 21,859 08 1,000 19,362 13 6/30/05 2,496 95 S 3/31/04 SLM Corp 800 32,604 43 800 40,397 61 6/30/05 (7,693 18) L 632 00 6/3/02 SPX Corp 400 55,124 00

10/24/03 Stock split 400 000 800 33 05964 8i4/04 32 064 36 L 100 00 1320/01 Staples Inc 1,500 2754838 1 63/02 1,000 21,989 82

4/15/05 Stock split 1,250 000 1 3,750 80,488 80 6/30/05 (30,90 60) L 615 uu

TOTAL STOCKS 1,910,689 67 576,294 16 3,100,953 13 (613,969 30) 000 000 41,586 16

ELLIS L. PHILLIPS FOUNDATION 13-5677691 SECURITIES SCHEDULE NYCF-3

7/1/04-6/30/05

TYPE OF SECURITY INVENTORY BEGINNING PURCHASES DISPOSITIONS SHORT INVENTORY END OF PERIOD OR OF PERIOD

DATE LONG INCOME ACQUIRED STOCKS SHARES COST SHARES COST SHARES SALES PRICE DATE (GAIN~I.OSS TERM SHARES COST MV EARNED

12/20/01 StarbucksCorp 425 8,34078 200 11,03153 6/1/05 (7,10645) L N

225 11,56762 6/30/05 (7,15192) L

8/25/03 St Jude Medical, Inc 300 16,228 50 175 7,001 80 6/1/05 (2,268 48) L

11/22/04 Stock split 300 000 425 18,600 18 6/30/05 (7,10500) L 1 -n 11/25/97 Sysco Corp 850 9,29671 850 30,483 44 6/30/05 (21,186 73) L 47600 0

6/3/02 Talbots Inc 1,000 37,923 08 1,000 26,143 62 1/24/05 11,77946 L 22000 6/l/05 Target Corp 400 21,795 07 400 21,611 12 6/30/05 18395 S 12/20/01 TCF Financial Corp 700 32,271 29

6/11/03 100 4,18053 ~.o 0

9/3/04 Stock split 800 000 1,600 41,460 36 6/30/05 (5,008 54) L 1,28000 .C

12/22/04 Teva Pharmaceuticals Inds 500 14,936 33 500 15,540 85 6/30/05 (604 52) S 6838 9/20/00 Unitedhealth Group Inc 400 19,042 48 200 16,961 60 12/22/04 (12,200 98) L

6/18/03 Stock split 400 000 200 9,72857 6/1/05 (7,348 26) L 1800 . 527/05 Distribution 600 000 1,000 52,542 61 6/30/05 (40,641 06) L o

3/31/04 United Parcel Service, Inc 375 26,195 85 375 25,937 65 6/30/05 25820 L 457 50 ~

2/8/02 Ventas Software Co 600 23,015 76 600 10,787 68 8/27/04 12,228 08 L

11/4/03 Webster Financial Corp 450 20,364 25 450 21,086 50 6/1/05 (72225) L 42300 v, 6/1/01 Whole Foods Market Inc 200 5,628 78 200 23,647 00 6/30/05 (18,018 22) L 14800 V

12/20/01 W W Grain;er Inc 500 23,765 95 500 27,144 74 6/30/2005 (3,378 79) L 47-00 v

11/14/03 Yankee Candle Co , Inc 1 500 42,95725 1 ~ ~ 1,500 47,349 63 6/1/2005 (4,392 38) L 187 50 J

n

0-C m D

w 0

EI.LiS L PHILLIPS FOUNDA170N 13-5677691 SECURITIES SCHEDULE NYCF-3

7/1/046!30/05 TYPE OF SECURITY INVENTORY BEGINNING PURCHASES DISPOSITIONS SHORT INVENTORY END

OF PERIOD OR OF PERIOD DATE LONG INCOME

ACQUIRED NOTES, BONDS AND BILLS SHARES COST SHARES COST SHARES SALES PRICE DATE (GAIN)/LOSS TERM SHARES COST MV EARNED

7/31/98 New York Tel Co 6% 4/15/2008 100,000 100,375 00 100,000 100,375 00 103,368 00 1,23905

8/22/03 FH1.B 2 5% 12/15/2005 250,000 251,308 60 250,000 251,308 60 249,042 50 6,25000 8/26/03 Procter & Gamble Co 6 6% 12115/04 250,000 266,185 00 250,000 250,000 00 12/15/04 16,185 00 L 7,57192 1/6/04 U S Treasury 3% 7/15/2012 100,000 114,135 34 100,000 114,135 34 118,843 74 1,15755 6/4/04 U S Treasury 6 25% 3/31/05 250,000 249,960 94 250,000 250,000 00 3/31/05 (3906) S 2,94949 6/4/04 U S Treasury 125% 6/30/05 300,000 297,644 53 300,000 300,000 00 6/30/05 (2,355 47) L 3,37500

12/20/04 U S Treasury 1875% 11/30/05 250,000 248,232 42 250,000 248,232 42 248,525 00 2,48432 4/1/05 U S Treasury 2 25% 4/30/06 250,000 246,796 88 250,000 246,796 88 247,425 00 1,39069

TOTAL NOTES, BONDS, AND BILLS 1,279,609 41 495,029 30 800,000 00 13,790 47 960,848 24 967,204 24 26,418 02

TOTAL STOCKS & BONDS 3,190,299 08 1,071,323 46 3,900,953 13 (600,178 83) 960,848 24 967,204 24 68,004 18

MONEY MARKET ACCOUNT 249,783 18 2,764,902 35 000 000 3,014,685 53 3,014,685 53 3,70751

TOTAL INVESTMENTS 3,440,082 26 3,836,225 81 3,900,953 13 (600,178 83) 3,975,533 77 3,981,889 77 71,711 69

PER F/S 3,440,082 26 (600,178 83) 3,975,533 77 3,981,889 77 PROOF 000 000 000 000

7

I

r J J r a

n cD Q c

D

-o

m

0 -ti

N O

T O

tD

0 I

~l

Cornelia B. Grumman Director 2911 N. Halstead, Unit 4 Class of 2007 Chicago, IL 60611

home: 773-529-1444 office : 312/222-4998 cgrummanC tribune.com

George E. McCully Director 53 Walpole Street Class of 2005 Dover, MA 02030

home : 508/785-0422 office/FAX : 508/785-1935 [email protected]

Walter C. Paine Director Post Office Box 90 Class of 2005 Enfield Center, NH 03749

603/632-7015 [email protected]

E. Clinton Swift Director Post Office Box 248 Class of 2006 Plainfield, NH 03781

home: 603/675-6454 work: 800/258-9717 clint.swift@a~cdwards .com

Hilary Watts Director -Roosevelta 21 Class of 2006 Praha 6- Bubenec

160 00 Czech Republic

' 2004 Form 990-PF, ID#13-5677691 Schedule B - Page 1 of 1

ELL-Is L. PHILLIPS FOUNDATION (617) 424-7607

233 COMMONWEALTH AVENUE, #2 " BOSTON, MASSACHUSETTS 02116 -1720 ELPFNDTN@GIS NET

ELLIS L. PHILLIPS FOUNDATION BOARD OF DIRECTORS 6/05

NAME: TITLEICLASS : ADDRESS:

Ellis L . Phillips, III President, Member, 233 Commonwealth Avenue Director Boston, MA 02116-1767 Class of 2006 617/267-2762

elp@aol .com

Ellis L . Phillips, Jr. Vice-President, summer . Fox Hill Village Member, Director 20 Longwood Drive, # 176 Class of 2007 Westwood, MA 02090

781/329-4557

K. Noel Phillips Treasurer, Director 28 Wildey Road Class of 2006 Barrytown, NY 12507

845-758-4170 [email protected]

Cynthia Phillips Prosser Secretary, Director 206 Mountain View Rd . Class of 2006 Rhinebeck, NY 12572

845/876-1643 cmoonl7@mybizz .net

David Lloyd Brown Director 11 Park Drive, #25 Class of 2006 Boston, MA 02118

home: 6171236-4140 office : 617/369-3870 davidb6949(?Paol.com

Schedule C - Page 1 of 1

FOUNDATION-INITIATED PROJECT

www.ellislphillipsfndn .org

2004 Form 990-PF, ID#13-5677691 Ellis L . Phillips Foundation

233 Commonwealth Avenue

Suite 2

Boston, MA 02116 SUMMARY OF GRANTS FOR THE YEAR ENDED

JUNE 30, 2005

THE CATALOGUE FOR PHILANTHROPY, Boston, MA $122 To continue an experimental project designed to promote philanthropy and to increase charitable giving in Massachusetts by creating a year-end catalogue showcasing examples of highly attractive and cost effective charitable institutions and to disseminate the Catalogue model nationally . Misc . support.

122

OTHER

COUNCIL ON FOUNDATIONS, Washington, DC $90 Portion of annual dues to the Council deemed to be a grant rather than administrative support.

Total grants 212

617.424 .7607

return of private foundation...

Documents