sarah scaife foundation 251113452 2007 043c4ee2searchable

' Form990~PF Return of Private Foundation or Section 4947(a)(1) Nonexempt Charitable Trust

Treated as a Private Foundation

OMS No 1545-0052

Department at the Treasur, Internal Reven\J'IJ Service Note: The foundation ma be able to use a co of this return to sat,s state re ortm re uirements. ~@07 For calendar year 2 00 7, or tax vear Jamnma , , an en mg be . 2007 d d"

G Check all that aoolv: I I Initial return I Final return I I Amended return I I Address change I I Name change Name of foundation A Employer Identification number

Use the IRS label. SARAH SCAIFE FOUNDATION INCORPORATED 25-1113452

8'therwlse, Number and street (or P.O. box number if mail 1s not dehvered to street address) Room/suite B Telephone nun'ber f•eo page 10 of a. ntn.,dmra)

~ print 301 GRANT STREET

..- or type. ONE OXFORD CENTRE SUITE 3900 c::jee Specific City or town, state. and ZIP code J,structlons.

::::, <(

PITTSBURGH- PA 15219

'~heck type of organization: lxJ Section 501(cM exempt private foundation

11 Section 4947laH1) nonexemot charitable trust Other taxable orivate foundation

% -air market value of all assets at end J Accounting method:Llg Cash [] Accrual

D Other (specify)------------------~ it year (from Part II, col (c), /me dJti16)IIJ,. $ 312.596.952. (Pait/, column (d) must be on cash basis) . Analysis of Revenue and Expenses (The

total of amounts ,n columns (b). (c), and (d) (a) Revenue and (b) Net investment may not necessanly equal the amounts in expenses per income column (s) (see page 11 of the instruct,ons).) books

1 Contrlbutlon~s. grants, etc , receMld (attach schedule) •

2 C IIJ,. X rf the foundation rs not required to

heck attach Sch B

3 Interest on savrngs and temporaiy cash investments

4 Dividends and interest from securities 8 111. 440. 8.111.440.

5a Gross rents • • • • • • • • • • • • • . • • •

b Net rental income or (loss)

GI 6 a Net gain or (loss) from sale of assets not on hne 10 19.773.773. :::, b Gross sales pnce for all 56,763,135. c GI assets on line 6a > 7 Capital gain net income (from Part IV, hne 2) • STMT 211 19.773-773. GI 0::

8 Net short-term capital gain

9 Income mod1f1cat1ons · • • · · • • • .... 1 O a Gross sales less returns j

and allowances • • • • • b Less Cost of goods sold • I c Gross profit or (loss) (attach schedule)

11 Other income (attach schedule) ••• 1-916 212. 1.916.212. - .throuah 1 • . . • 29. 801. 425. 29.801 425 •

13 ~ n.r- t ""{, t:.~- u; prs, trustees, etc 585-053. 94-635.

14 - Other employee salane: wages • • • • 343.886. 20.590. Ill « Pi~txar·m!YE ~nefits •.••• GI 268-435. 28-159. Ill c

111'1 L I e (a~a s 1ecui ... ~T~'.1'. ~ • 4 913. NONE GI Q.

~ . 1> ~G~~r sch~ule~T~:r. 1 . 57-878. 28-939. GI c s a ( atta h sctS!Bllil) . 5 . 536.218. 280-218. > ;

17 Interest. ca .................. .. .. 18 Taxes (attach schedu.le) (see page 14 of the lnstruc11ons't' 359. 491. 5-401. Ill

] 19 Depreciation (attach schedule) and depletion. 32-845. NONE

20 Occupancy •••••••••••• 221. 007. 23-184.

21 Travel, conferences, and meetings . . • • • 53-480. NONE

22 Printing and publications .......... 23 Other expenses (attach schedule) STJ'1l'. 1 122.463. 6 720.

.. 24 Total operating and administrative expenses.

Add lines 13 through 23 .......... 2-585 669. 487 846.

25 Contributions, gifts, grants paid • STMl'. E3 • 18.228.500.

26 Total emenaes and disbursements. Add Imes 24 and 25 20.814.169. 487.846.

27 Subtract line 26 from hne 12·

a Exceu of revenue over expenses and dlabursementa . • 8 987.256.

b Net Investment Income (1f negative, enter -0-) 29.313-579.

c Adlusted net Income {if neaative, enter -0-) ••

For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the Instructions. **STMT 6 JSA 7E1410 4 000

77270J 827G 07/01/2008 08:40:46 V07-6.4

.( 412 l 392-2900 c If exemption application ,s

:[] pending, chedc he,e • • • • • • D 1. Foreign organizations, check he,e

2. Foreign orgmilzallons meeting the 85% test. check he,e and attach ..... o computallon ........

E If private foundation status was tamunated D under sect,on 507(b)(1){AJ. check h8R1 • IIJ,.

F If Iha foundation la In a SO-month tenn,nallon n under aect,on 507(b)(1)(B). check he,e • IIJ,.

(d) Disbursements (c) AdJusted net for charitable

income purposes leash basis onM

STMT 1

NONE STMT 2

NONE

NONE 490 418.

NONE 323.296.

NONE 240.276.

NONE 4 913.

NONE 28 939.

NONE 256.000.

NONE 46.090.

NONE

NONE 197.823.

NONE 53.480.

NONE 115.743.

NONE 1 756.978.

17.113.000.

NONE 18.869.978.

NONE

Form 990-PF {2007) - 13452 Pace2 ( ' 25 11

1:1:Tilll Balance Sheets Attached schedules and amounts in the Beginning of year End of year descnpt1on column should be for end-of-year amounts only (See rnstruct/ons ) (a) Book Value (b) Book Value (c) Fair Market Value

1 Cash - non-interest-bearing . • • • . . • • .... 33 880. 32.748. 32.748 2 Savings and temporary cash investments . • • . • • • .... 7.393-269. 8.759.048. 8.759 048. 3 Accounts receivable .... ___________________ NONE

Less· allowance for doubtful accounts..,.. _________ NONE NONl NONE NON E 4 Pledges receivable .... ------------------------

Less: allowance for doubtful accounts ..,.. -------------5 Grants receivable ...................... 6 Receivables due from officers, directors. trustees. and other

disqualified persons (attach schedule) (see page 16 al the rnstructJons)

7 Other notes and loans receivable (attach schedule) .... _____

Less: allowance for doubtful accounts ..,.. -------------II) 8 lnventones for sale or use ..................

,oJ CD 9 Prepaid expenses and deferred charges .••.• ~T~'l: .9 •• 6-735. 6-840. 6.840. II)

~ 1 0 a Investments - U S and state government obligations (attach schedule)* '!' 50 470.075. 50.470.075. 51.544.930. b Investments - corporate stock (attach schedule) • ;:i'J'~'l: .l;t. 131.839.106. 141-184-334. 236.103.598.

c Investments - corporate bonds (attach schedule). ~'J'~'l: .1;!. 5.040.129. 3.962.966. 3.924 240. 11 Investments - land, buildings, .... and equipment basis ------------------Less accumulated depreciation ....

(attach schedule) ---------- - --------12 Investments - mortgage loans ................ 13 Investments - other (attach schedule) •••••• ~1~'1: .1;3. 5.542.904. 6.045.144. 12.221 116. 14 Land, bu~dings. and .... STMT 19 825 051. equipment ba&IS ________ -----.L-- __

Less accumulated depreaat1on .... 8 2 0 619 36.733. 4-432. 4.432. (attach schedule) - - - - - - - - - - - - - - - L- - - .e. 15 Other assets (describe

.... _____________________ )

16 Total aS&ets (to be completed by all filers - see the instructions. Also, see page 1, item I) •• 200 362- 831. 210 465-587. 312.596.952.

17 Accounts payable and accrued expenses .

18 Grants payable .............. 3.326-500. 4 442-000.

:l 19 Deferred revenue ............. ~ 20 Loans from officers, directors, trustees, and other d1squaldied persons

:g 21 Mortgages and other notes payable (attach schedule) • • • . ::J 22 Other habiht1es (describe ..,.. _________ ---------- )

23 Total llabllitles (add lines 17 through 22) ••••••••••• 3.326.500. 4.442.000.

Foundations that follow SFAS 117, check here .... w and complete lines 24 through 26 and lines 30 and 31.

II) 197 036. 331. 206-023-587. B 24 Unrestricted . • ••.• ..

c 25 Temporarily restricted C'II .................... ;§ 26 Permanently restricted • • • • • • • • • • • • • . . • .... "Cl Foundations that do not follow SFAS 117, c .... o :::1 check here and complete lines 27 through 31. u.. 0 27 Capital stock, trust principal, or current funds • • • . • . . . J!l 28 Paid-m or capital surplus, or land, bldg , and equipment fund GI ... :l 29 Retained eammgs, accumulated income, endowment, or other funds • c(

30 Total net assets or fund balances (see page 17 of the -GI instructions) • . • • • • • • • • • • • • • • • • • • • • • • 197.036 331. 206.023.587. z

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

of the instructions) • • • . • • • • • • • • • • • • . • • . • 200.362 831. 210-465.587 •

•• ... ~•11• Analysis of Chanaes in Net Assets or Fund Balances 1 Total net assets or fund balances at beginning of year - Part II, column (a), hne 30 (must agree with

end-of-year figure reported on prior year's return) •••. . . . . . . . . . . . . . . . . ... 1 197.036.331 • 2 Enter amount from Part I, line 27a . . . . . . . 2 8.987.256 • . . . . . . . . . . . . . . . . . . . . . ... 3 Other increases not included 1n line 2 (Itemize) ..,.. 3 -------------------------------------4 Add hnes 1, 2, and 3 .............................. ' ............... 4 206 023.587. 5 Decreases not included rn hne 2 (Itemize)..,.. 5 ----------------------------------------6 Total net assets or fund balances at end of year (line 4 minus lrne 5) - Part II, column (b), line 30 ..... 6 206,023.587.

JSA **STMT 10 Form 990-PF (2007) 7E1420 2 000

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' t Form 990-PF (2007) ?5-111345? Page3

•:.... ...... - Caoital Gains and Losses for Tax on Investment Income . (a) List and describe the kind(s) of property sold (e.g . real estate,

\U)HOW (c) Dale /id) Date sold I acqull8d acquired P-1'\nhase mo., day, yr.) 2-story brick warehouse: or common stock, 200 shs. MLC Co) 0-Danat,on (mo .. <lay, yr.)

1a STMT ?4 b c d e

(e) Gross sales price (f) Depreciation allowed (g) Cost or other basis (h) Gain or {Joss) (or allowable) plus expense of sale (e) plus (f) minus (g)

a b c d e Complete only for assets showino oain in column (h) and owned by the foundation on 12/31/69 (I) Ga,ns (Col. (h) gain minus

(i) F.M.V. as of 12/31/69 (I) Adjusted basis (k) Excess of col. (i) col (k). but not less than -0-) or as of 12/31/69 over col (j). if any Losses (from col. (h))

a b c d e

2 Capital gain net income or (net capital loss) { If gain, also enter in Part I, line 7 } ..... If (loss), enter -0- in Part I, line 7 2 19,773,773.

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

If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions). } If (loss), enter -0- in Part I, line 8 •....•...........•...••...••... .. 3

1:r.,.-·- Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income (For optional use by domestic private foundations subJect to the section 4940(a) tax on net investment income)

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

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

1 f 18 f h . b t k' Enter the appropriate amount in each column or each year, see page o t e instruc ions e ore ma ing any entries (a)

(b) (c) (d) Base penod years 01stnbut1on ra\Jo

Calendar year (or tax year beg1nn01g 1n) Ad1usted quallfying d1stnbullons Net value of nonchantable-use assets (col (b) dMded by col (c))

2006 17 204.970. 288.509,138. 0.059634 2005 17,313,089. 286.448.540. 0.060440 2004 15 662.022. 282,467.139. 0.055447 2003 15 766 052. 268 736.081. 0.058667 2002 16.962 136. 290. 472. 551. 0.058395

2 Total of line 1, column (d) ..................................... 2 0.292583 3 Average d1stribut1on ratio for the 5-year base period - divide the total on hne 2 by 5, or by

the number of years the foundation has been in existence if less than 5 years ......... 3 0.058517

4 Enter the net value of nonchantable-use assets for 2007 from Part X, line 5 . . . . . . . . . . 4 308.584.077 •

5 Multiply line 4 by line 3 . . . . . . . . . . 5 18,057.414 • . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Enter 1% of net investment income (1% of Part I, hne 27b) . . . . . . . . . . . . . . . . . . . 6 293,136 •

7 Add lines 5 and 6 7 18,350,550. . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 8 Enter qualifying distributions from Part XII, hne 4 . . . . . . . . 8 18,869,978 • . . . . . .

II hne 8 1s equal to or greater than lme 7, check the box 1n Part VI, hne 1b, and complete that part using a 1% tax rate See the Part VI mstruct1ons on page 18

~i~430 2 ooo Form 990-PF (2007)

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t Form sio-PF(2007l 25-1113452 Page4

• Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948 ·seepage 18 of the instructions)

Date ,of ruhng letter _________ (attach copy of rullng letter If necessary • see Instructions) • . • •

1 a Exempt operatl~g foundations described in section 4940(d)(2). check here ~ LJ and enter "NIA" on hne 1 .••• }

b Domestic foundations that meet the section 4940(e) requirements m Part V, check 1 2 9 3. 13 6.

here ~ Ii] and enter 1% of Part I, line 27b •••••••••••••••••••••••••••••• c All other domeslle foundabons enter 2% of hne 27b Exempt foreign orgamzabons enter 4% of Part I, hne 12, col (bl

2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 1-'2=---t----------

3

4

5

6

Add Imes 1 and 2

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

Tax baaed on lnvesbnent Income. Subtract line 4 from lme 3 If zero or less, enter -O

Cred1ts/Payments:

a 2007 estimated tax payments and 2006 overpayment credited to 2007.

b Exempt foreign organizations-tax withheld at source • • • • • • •

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

d Backup withholding erroneously withheld • . . • • • • • • • • • •

6a

6b

6c

6d

311 198.

NONE NONE

3 293 136.

4 NONE 5 293.136.

7 Total credits and payments. Add Imes 6a through 6d • • • • • • • • • . . • • • . • • .••••

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

• • • • • • • J---'7'--lt-------=3:..:1:..:1::..<....:1:..:9,._,8...,.

8 8

9 Tax due. If the total of Imes 5 and 8 is more than hne 7, enter amount owed . • • • • ••••••.••.• ~i--9=---+----------

1 o Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid • • • • • • • • • • ~ 1-'1..,.0'-t-------=1~8'--'.'-'0,._6,...._,2 • 11 Enter the amount of line 10 to be: Credited to 2008 estimated tax~ 18. 062. Refunded ~ 11

1::F.R-·••"'•• Statements Regarding Activities 1 a During the tax year, did the foundation attempt to influence any national. state, or local legislation or did it Yea No

participate or intervene in any political campaign? . • • • • • • • • • • • • . • . • • • • • • . • • . . • • • • • • • • • • • 1--1'-"a'-+---+---=X,_

b Did 11 spend more than $100 during the year (either directly or indirectly) for poht1cal purposes (see page 19

of the instructions for definition)? •••••••.••••••••.•••••.•.••.•••••••••••.••••• ·l--'1""b'-+---+---=X,_ If the answer is "Yes• to 1a or 1b, attach a detailed descnption of the act,vdies and copies of any matenals

published or distributed by the foundation m connection with the activities

c Did the foundation file Form 1120-POL for this year? • • , • , , • . . , , . . , , • • • , , •

d Enter the amount (1f any) of tax on political expenditures (section 4955) imposed during the year (1) On the foundatK>n ~ $ (2) On foundation managers ~ $ __________ _

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

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

If "Yes,• attach a detailed description of the activities.

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

incorporation, or bylaw~. or other s1m1lar instruments? If "Yes,• attach a conformed copy of the changes

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

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

5 Was there a hqu1dation, termination. dissolution, or substantial contraction dunng the year? .

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

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

• By language m the governing instrument. or

......

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

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

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

8 a Enter the states to which the foundation reports or with which it 1s registered (see page 19 of the

instructions) ~ PA.L----------------------------------------------------------------b If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney General

1c

2

3

4a x 4b x 5

6 x 7 x

(or designate) of each state as required by General Instruction G? If "No,• attach explanation ••. , , • • . • • • • • • • • • • Sb X

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

or 4942(1)(5) for calendar year 2007 or the taxable year beginning m 2007 (see instructions for Part XIV)? If

x

x

x

"Yes.• complete Part XIV. . , , • • • • • • . • . • • , • • • , . • • • • . • , • • • , • • • • • • , • , • • , • • • • • , , 1----'9=---+----+----"X-'-

1 O Did any persons become substantial contributors during the tax yeaI1 If "Yes." attach a schedule listing their

names and addresses , , . . . . , . . • . • • . • . . • . . . • • • . . . • . • . • , • . • • . • , • . • • . , • • • • . , 1 o x Form 990-PF (2007)

JSA

7E1440 2 000

77270J 827G 07/01/2008 08:40:46 V07-6.4 9

JSA

11 a Al any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of iect1on 512(b)(13)? If "Yes,• attach schedule. (see page 20 of the instructions) •••••••

b If "Yes," did the foundation have a binding written contract in effect on August 17, 2006, covering the interest,

rents. royalties, and annuities described 1n the attachment for hne 11a? ••.••.•••.•••••.•.••

11a x

11b x 12 Did the foundation acquire a direct or indirect interest in any applicable insurance contract? • • . • • . • • • • 12 X

13 Did the foundation comply with the public inspection requirements for its annual returns and exempllon application? 13 X

Website address ..,. _____ NLA--------------------------------------------------------------------14 The books are in care of .... _SARAH _SCAIFE _FOUNDATION _INC.------ Telephone no ..... ----- 412-392-290Q _____ _

Located at .... 301 GRANT STREETJ_ SUITE 3900J_ PITTSBURGHL_PA -------- ZIP+4 .... l5219 --------

15 Section 4947(a)(1) nonexempt charitable trusts filing Form 990-F in lieu of Form 1041-Check here •.•••••••• N/A •••••• ..,. CT and enter the amount of tax-exempt interest received or accrued during the year • • • • • • . • • • • . • . • • • • ..,. I 1 s I

•· 1111111:• Statements Regarding Activities for Which Form 4720 Mav Be Reauired

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

1a During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ••••• 0Yes

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

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept 11 from) a § (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? . • • • • • • Yes

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? .~.T.M.T . .1.4.- X Yes

(5) Transfer any income or assets to a disqualified person (or make any of either available for 1 6 the benefit or use of a disqualified person)?. • • • • • • • • • • • • • . • • • • • . • • • • • D Yes

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

....

the foundation 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

b If any answer 1s "Yes" to 1a(1)-(6), did any of the acts fall to qualify under the exceptions described in Regulallons

section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 22 of the instructions)?

Organizations relying on a current notice regarding disaster assistance check here • • • • • • • • • • • •

c Did the foundation engage in a prior year in any of the acts described in 1 a, other than excepted acts, that

were not corrected before the first day of the tax year beginning in 2007? • • . • • . • • • • • • . • • . •

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

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

a At the end of tax year 2007, did the foundation have any undistributed income (lines 6d and D 6e, Part XIII) for tax year(s) beginning before 2007?. • • . • • • • • • • • • • • • • • • • . • • • • Yes If "Yes," hst the years ..,. __________ , _________ , ________ , _______ _

[iJ No

No

No

No

[i]No

[i]No

D

[iJ No

Yes No

1b x

1c x

b Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year's und1slnbuted income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement - see page 22 of the instructions.) . • • • • . • • . • • • • • • • • • • -t-=-2 =-b-+__,N,.._Lf'-' JIA,___

c If the proV1sions of section 4942(a)(2) are being apphed to any of the years hsted in 2a, hst the years here . ... __________ '--------- '-------- , _______ _ 3a Did the foundation hold more than a 2% direct or indirect interest 1n any business D

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

b If "Yes," did it have excess business holdings in 2007 as a result of (1) any purchase by the foundation or

d1squahf1ed persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the

Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse

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

[iJ No

foundation had excess business holdings in 2007.) • . • • . • • • • • • • • • . • . • • • • • • • • • • • . • • . • . • • • • 1-'3_b--t-""N-'-F-IA""--

4a Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? • . • . • 1--'-4=-•--+---<~X"--

b Did the foundation 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 2007? . • • • • • • • • 4 b x

Form 990-PF (2007)

7E1450 2 000

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• Form 990-PF (2007) 25-1113452 Page6

•· 11

•:• Statements Regarding Activities for Which Form 4720 May Be Required (continued)

Sa During the year did the foundation pay or rncur any amount to· (1) Carry on propaganda, or otherwise attempt to rnfluence legislation (section 4945(e))?

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

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

(3) Provide a grant to an individual for travel, study, or other srmilar purposes? ••••.•

(4) Provide a grant to an organization other than a charitable, etc., organization described in

section 509(a)(1), (2). or (3), or sectron 4940(d)(2)? (see page 22 of the instructions) ••

0Yes

0Yes

0Yes

0Yes

[i] No

[i) No

LJUNo

[i] No

(5) Provide for any purpose other than religious, chantable, scientific, hterary, or

educational purposes, or for the prevention of cruelty to children or animals? • • • • • • • • • • 0 Yes Ci] No

b If any answer is "Yes" to 5a{1)-{5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance {see page 22 of the 1nstruct1ons)? ••••••

Organizations relying on a current notice regarding disaster assistance check here • • • • • • • • • • • . . • • .... 0

c If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the tax

because 1! maintained expenditure responsibility for the grant? • • . • • • • • • • • • • •

If "Yes,· attach the statement required by Regulations section 53.4945-S(d)

~/1). D Yes 0No

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

I b fj t ? • . • • D Yes 'x1 No on a persona ene rt con ract • • • • • • • • • • • • • • • . • • . . • • • . • • • • • • • ~

Sb Ni;n

b Did the foundation, during the year, pay premiums, directly or rnd1rectly. on a personal benefit contract? • • • • • • • • • • • 6b X

If you answered "Yes• to 6b, also file Form 8870.

7 a At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? • • 0 Yes [i] No b If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? . • • . • • • • . • • • 7 b x

•!!r.~·-·~um 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 23 of the instructions).

(a) Name and address (bl Title, and average b'V Compensallon (d) Conlnbu~ons to (el Expense account,

hours per week not paid, enter employee benefit plens other allowances devoted to oosrtion -0-1 end deferred rnmnenset,on

-------------------------------------SEE STATEMENT 14 - 1 f; 585.053. 82.900. NON

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

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

-------------------------------------2 Compensation of five highest-paid employees (other than those included on hne 1 - see page 23 of the instructions). If none,

enter "NONE."

(b) Title, and average (di Contnbubons to

(e) Expense account, (a) Name and address of each employee paid more than $50,000 (c) Compensabon employee benelit hours per week plans and deferred other allowances

devoted to position comoensabon

-------------------------------------SEE STATEMENT 17 224.133. 50.237. NON

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

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

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

-------------------------------------Total number of other employees paid over $50,000 ..... ]NONE

E

E

Form 990-PF (2007)

JSA 7E1460 2 000

77270J 827G 07/01/2008 08:40:46 V07-6.4 11

JSA

Form 990-PF(2007) 25-1113452 1:ffild Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,

and Contractors (contmued)

Page7

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

SEE STATEMENT 18 525.627 .

Total number of others rece1vina over $50,000 for orofess1onal services • • • • • • • • • • • • • • • • • ..... 1 NONE

•ifiif!l-1 Summary of Direct Charitable Activities

List the foundation's four largest direct charitable act1vrties dunng the tax year Include relevant stallsbcal mformallon such as the number of organ1zat1ons and other benefie1anes served, conferences convened, research papers produced, etc

1_NOT_APPLICABLE ___________________________________________________________ _

2--------------~------------------------------------------------------------

3 __________________________________________________________________________ _

4

•::r.1.11111u1111:• Summary of Program-Related Investments (see page 24 of the instructions) Describe the two largest program-related investments made by the foundation dunng the tax year on Imes 1 and 2

1_NO!_~PPLICABtE ___________________________________________________________ _

2

All other program-related investments See page 24 of the mstruellons

3_NONE----------------------------------------------------------------------

Total. Add lines 1 through 3 . . . . . . . . • . . . . • . . • • . • • . . . . . • • . . . . . . . . . . . . • . • . . . . .,..

E>lpenses

Amount

Form 990-PF (2007)

7E1465 2 000

77270J 827G -07/01/2008 08:40:46 V07-6.4 12

Form 990-PF (2007) 25-11134 52 Page8

htfii!I Minimum Investment Return (All domestic foundations must complete this part Foreign foundations, see page 24 of the instructions.)

Fair market value of assets not used (or held for use) directly 1n carrymg 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 (see page 25 of the instructions) •••

d Total (add Imes 1a, b, and c) •.•.•.•......••.•..••.•.•• e Reduction claimed for blockage or other factors reported on Imes 1a and

1c (attach detailed explanation) ••.....•.•..•...••.•. .__1_e~----------1

1a 313 1b 1c 1d 313

254 720. 28 607.

NONE 283 327.

2

3

Acquisition indebtedness applicable to line 1 assets Subtract line 2 from line 1d

2 ............... t---if--------_..:.==.. 3

NONE 313 283 327.

' Cash deemed held for charitable activities: Ente'r 1 1 /2 o/o 'oi line 3 (for 0

gre0

ater amount, 'see page 25 .•

of the instructions) . • . . • . . • • . . . . . • . . . • • • . . . . . . • • . • . . . • . . . . . . . . .. 4 4 699 250. 5 Net value of noncharitable-use assets. Subtract line 4 from line 3 Enter here and on Part V, lme 4 5 308 584 077.

Minimum investment return. Enter 5% of hne 5 • . . . • . . • . . . • . . . • • • . • • • • . . . . . • . 6 15 429 204. Distributable Amount (see page 25 of the instructions) (Section 4942(])(3) and (j)(5) private operating foundations and certain foreign organizations check here .... and do not complete this part.)

Minimum investment return from Part X, line 6 . • . . . • . . . • • • • . . • . . • . . . • . . . . 1 t-----11-----~ ........ ==..&...:'-=--'a...a..-15 429 204. la Tax on investment income for 2007 from Part VI, line 5 . . . . . . • . 2a 293 136.

b Income tax for 2007. (This does not include the tax from Part VI ) . • . ~2_b~-----------i

c Add lines 2a and 2b • • . . . . . • . . . . . . . . . . . • . . . • . . . • . • . . • . . . • . . . . • t--2-'-c-+------==i...:..:::=-='--293 136. 3 Distributable amount before adJustments Subtract line 2c from line 1 ...••....•...•..•. i---3--11-----~~=-"'.&.....aa-=-=~ 15 136 068. I Recoveries of amounts treated as qualifying d1stnbut1ons . . . . • • • • . . • • . . . . ••••...•• 1--4-1-----------

Add lines 3 and 4 5 . . . • . . . . . • . . . . . . • . . . . . . . . • . . • . . • • . • . . • • • • . • . • • t----11-----~~=-"'.&.....aa...=.:~ 15 136 068. 6 Deduction from distributable amount (see page 25 of the instructions) •..••....•.

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, ....... 1----11-----------

line 1 , ...... , .•.. , • , · · , , , , · · · · , · · , , , , · · • • · · · • · · · · · · · • · · · • · 7 15 136 068.

j:£fli3ii Qualifying Distributions (see page 26 of the instructions)

I a b

!

I a b

J ;

j

JSA

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes: Expenses, contributions, gifts, etc. - total from Part I, column (d), line 26 • • . . . . • . ..• .. 1a 18,869.978. Program-related investments - total from Part IX-B 1b NONE . . . . . . . . . . . . . . . . . . . . . . . .. Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc., purposes 2 NONE ................................................ . . Amounts set aside for spec1f1c charitable projects that satisfy the: Suitability test (prior IRS approval required) 3a NONE ................................ Cash distribution test (attach the required schedule) 3b NONE ........................... Quallfylng distributions. Add Imes 1 a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4 . . . . . . 4 18.869.978 • Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment income. Enter 1 % of Part I, line 27b (see page 26 of the instructions) ..•. 5 293 136 • . . . . . . . . . . . . Adjusted qualifying distributions. Subtract line 5 from line 4 6 18,576.842 • . . . . . . . . . . . . . . . . Note: The amount on line 6 will be used ,n Part V, column (b), m subsequent years when calculating whether the foundation

qualifies for the section 4940(e) reduction of tax in those years

Fonn 990-PF (2007)

7E1470 2 000

77270J 827G 07/01/2008 08:40:46 V07-6.4 13

Form 990-PF (2007) 25-1113452 Page9 1:..-.,.- .• ,,. Undi'stributed Income (see page 26 of the instructions}

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

1 Distributable amount for 2007 from Part XI, Corpus Years prior to 2006 2006 2007

line7 ..................... 15.136,068. 2 Und1stnbuted income, If any, as of the end of 2006

a Enter amount for 2006 only .......... b Total for pnor years NONE

3 E>a::ess distributions carryover, If any, to 2007:

a From 2002 2.616.074. b From 2003 2 505-328. c From 2004 L 779. 880. d From 2005 3. 281. 252. e From 2006 3 187.117. f Total of lines 3a through e . ......... 13.369.651.

4 Qualifying distrrbulions for 2007 from Part XII, line4· .... $ 18,869,978.

a Applied to 2006, but not more than line 2a . • .

b Apphed to und1stnbuted income of pnor years (Election required - see page 27 of the instructions) ......

c Treated as distributions out of corpus (Election requrred - see page 27 of the instructions) • • ..

d Applied to 2007 distributable amount ..... 15.136 068. e Remaining amount distrrbuted out of corpus .. 3-733.910.

6 Excess distributions carryover applied to 2007 • (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:

a Corpus. Add Imes 3f, 4c, and 4e. Subtract line 5 17.103.561.

b Prior years' undistributed income. Subtract line 4b from line 2b NONE ..............

c Enter the amount of prior years' undistrrbuted income for which a notice of def1crency has been issued, or on which the section 4942(a) tax has been previously assessed . • • • . • • • • • " •

d Subtract line 6c from line 6b. Taxable amount - see page 27 of the instructions NONE

e Und1strrbuted income for 2006 Subtract line 4a from line 2a Taxable amount - see page 27 of the instructions .............

f Undistrrbuted income for 2007. Subtract lines 4d and 5 from line 1. This amount must be d1strrbuted in 2008 ...............

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

8 E>ccess distrrbullons carryover from 2002 not applied on line 5 or line 7 (see page 27 of the

2 616 074. instructions) . . • • • • • • • . • • • • • • • • 9 Excess distributions carryover to 2008.

Subtract lines 7 and 8 from line 6a ....... 14.487.487. 0 Analysis of hne 9.

a Excess from 2003 2.505.328. b Excess from 2004 1-779.880. c Excess from 2005 3.281.252. d Excess from 2006 3.187 117. e Excess from 2007 3.733 910.

Form 990-PF (2007)

JSA

7E1480 2 000

77270J 827G 07/01/2008 08:40:46 V07-6.4 14

I I Form 990-PF {2007) 25-1113452 •~•:nu1 Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9) NOT

E APPLICABL

1a If the foundati?n has received a ruling or determination letter that 1.t

0

IS. ~ .p~1v~t~ .o~e.ra.tin~ I foundatlon, and the ruhng 1s effective for 2007. enter the date of the ruhng

b Check box to indicate whether the foundation is a private operating foundation described 1n section I I 4942())(3) or I I 4942(i)(5)

2a Enter the lesser of the ad-Tax year Prior 3years

(e) Total justed net income from Part (a) 2001 (b) 2006 (c) 2005 (d) 2004 I or the minimum investment return from Part X for each year listed .......

b 85% of hne 2a ..... c Quallfylng d1Stnbubons from Part

XII. hne 4 lor each year hsted

d Amounts lnduded 1n line 2c not used directly for actM! condud of exempt ectlvlbes • • • • •

e Quallfylng dostrtbubons mede directly for active condud of exempt ect1111bes Subtract line 2d from line 2c • • • • • •

3 Complete 3a. b. or c for the ellemetM! lest rehed upon

a • Assets" altematMI test - enter

( 1 ) Value of all assets ... (2) Value 01 assets qualdying

under section

49420)(3)(8)(1). • • • • b "Endowmenr allemetM! test-

enter 2/3 of minimum lnWSI·

ment return shown on Part X. hne 6 for each year hsled ..

c "Supporr altematMI test. enter

( 1) Total support other than gross investment Income (interest. dividends. rents, payments on secunbes loans (118doon 512(a)(5)), or royaltoes). • • • • •

(2) Support from general public and 5 or more exempt organozatoons as provided ,n sectJon 4942 0)(3)(B)(iii) • • • • • •

(3) Largest amount 01 SUI>-port from an exempt organozabon .....

( 4) Gross investment income •

l::F.T•-···-~upple~entary Information (Complete t~is part _only if the foundation had $5,000 or more in assets at any time durmg the year - see page 28 of the instructions.)

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

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

N/A b List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the

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

N/A

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

Check here.,.. D if the foundation only makes contributions to preselected charitable organizations and does not accept unsolicited requests for funds. If the foundation makes gifts, grants. etc. (see page 28 of the 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 apphcat1ons should be addressed SEE STATEMENT 2 0

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

SEE STATEMENT 20 c Any submission deadhnes.

SEE STATEMENT 20 d Any restrictions or hm1tat1ons on awards, such as by geographical areas, charitable fields, kinds of inst1tut1ons, or other

factors

JSA 7E1490 2 000

SEE STATEMENT 20

77270J 827G 07/01/2008 08:40:46 V07-6.4 'Form 990-PF {2007)

15

-------

Form 990-PF (2007) 25-11134 52 Utfi@j Supplementary Information (continued) 3 Grants and Contributions Paid During the Year or Approved for Future Payment

Rec1p1ent

Name and address (home or business)

a Paid during the year

SEE STATEMENT 22

Total. . . b Approved for future payment SEE: STATEMENT

Total.

JSA 7€14912000

22

If recipient IS an ll'ldMdual, show any ralationslup to any foundation manager or substantial cantnbutor

. .

77270J 827G 07/01/2008 08:40:46 V07-~.4

Foundation Purpose of grant or status of rec1p1ent contnbutJon

. . .

Amount

17,113,000.

,..la 17.113.000 .

4,442,000.

..... 3b 4.442.000. Form 990-PF (2007)

16

JSA

Form 990-PF (2007) 25-1113452 •:.-: ... ~- ..... 1!"7 .... Analysis of Income-Producing Activities Enter gross ~mounts·unless otherwise indicated Unrelated business income Excluded b section 512, 513, or 514 (e)

')elated or exemgt (a) (b) (c) (d) unction mcom

1 Program service revenue Business eode Amount EmuSIOl'I eod• Amount (See page 28 of he instructions.)

a

b

c d

e

f

g Fees and contracts from govemment agencies

2 Membership dues and assessments • • • • .

3 Interest on savings and temporary cash investments

4 01v1dends and interest from secunlies ... 14 8-111.440. 5 Net rental income or (loss) from real estate:

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

6 Net rental income or (loss) from personal property

7 Other investment income ......... 8 Gain or (loss) from sales of assets other than inventory 18 19- 773. 773. 9 Net income or (loss) from special events • •

1 O Gross profit or (loss) from sales of inventory. 11 Other revenue: a

b VENTURE FUND INC. 900000 -76.464. 14 1- 954. 960. c OTHER INCOME 14 37.716. d

e 12 Subtotal. Add columns (b), (d), and (e) .... -76.464. 29. 877 - 889. 13 Total. Add line 12, columns (b), (d), and (e). • • • • • • • • • • • • . • • • • . . • • • • • • ••••••••• 13 -----=2:.:9::....irc...;8:::...0:.:.lL, ...::4=2c.=5c...::.'(See worksheet in line 13 instructions on page 29 to verify calculations.) l:.t,;1 .. ••u1 =· Relationship of Activities to the Accomplishment of Exempt Purposes

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

T the accomplishment of the foundation's exempt purposes (other than by providing funds for such purposes). (See page 29 of the instructions )

NOT APPLICABLE

Form 990-PF (2007)

7E1492 2000

77270J 827G 07/01/2008 08:40:46 V07-6.4 17

• Form990-PF 2007 25-1113452 Page13

1

Information Regarding Transfers To and Transactions and Relationships With Noncharitable E tO f xemp rgamza ions

Did t!Je organization directly or indirectly engage in any of the following with any other organization described in section Yes No 501 (c) of the Code (other than section 501 (c)(3) organizations) or in section 527, relating to political orgamzat1ons?

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

(1) Cash • 1a(1l x (2) Other assets 1al21 x

b Other transactions:

(1) Sales of assets to a noncharitable exempt organization 1bl1l x (2) Purchases of assets from a nonchantable exempt organization 1b(2) x (3) Rental of facilities, equipment, or other assets 1bl3' x (4) Reimbursement arrangements • 1b(4) x (5) Loans or loan guarantees 1bt5' x (6) Performance of services or membership or fundra1sing solicitations 1b(6] x

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

other assets, or services given by the reporting foundation. If the foundation received less than fair market value in any transaction or sharing

arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line no (b) Amount mllOlved (c) Name of nonchantable exempt orgamzabon (d) Descnpt,on of transfers, transacbons, and shanng arrangements

NIA NIA

2 a Is the foundation 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 527? .•••••••••.••••••••.••••• 0 Yes [iJ No

b If "Yes • com lete the followin schedule (a) Name of orgamzabon (b) Type of orgamzabon (c) Descnpt1on of relabonsh1p

Under penalties of perJury, I declare that I have examined this retum, mcludmg accompanying schedules and statements, and to the best of my knowledge and belief, ,t true, correct, and complete Declarabon of preparer (other than taxpayer or fiduciary) s ba on all information of wh,ch preparer has any knowledge

t;J l e , o 2, ai.. ~><. V,4-£ f}ES.

JSA

7E1493 2 000

FORT WASHINGTON

77270J 827G 07/01/2008 08:40:46 V07-6.4

PA

Date ,... Title

19034 Phone no 215-654-1600 Form 990-PF (2007)

18

SARAH SCAIF£ FOUNDATION INCORPORATED 25-1113452

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

DESCRIPTION

INTEREST INCOME DIVIDEND INCOME

TOTAL

77270J 827G 07/01/2008 08:40:46 V07-6.4

REVENUE AND

EXPENSES PER BOOKS

3,088,473. 5,022,967.

8,111,440.

NET INVESTMENT

INCOME

3,088,473. 5,022,967.

8,111,440.

20 STATEMENT 1

SARAH SCAIFE FOUNDATION INCORPORATED

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

DESCRIPTION

VENTURE INCOME

TOTALS

77270J 827G 07/01/2008 08:40:46 V07-6.4

25-1113452

REVENUE AND

EXPENSES PER BOOKS

1,916,212.

1,916,212.

NET INVESTMENT

INCOME

1,916,212.

1,916,212.

21

ADJUSTED NET

INCOME

NONE

NONE

STATEMENT 2


FORM 990PF, PART I - LEGAL FEES ===============================

DESCRIPTION

LEGAL FEES

TOTALS

REVENUE AND

EXPENSES PER BOOKS

4,913.

4,913.

77270J 827G 07/01/2008 08:40:46 V07-6.4

25-1113452

NET INVESTMENT

INCOME

NONE

NONE

ADJUSTED NET

INCOME

NONE

NONE ----------------------------

22

CHARITABLE PURPOSES

4,913.

4,913.

STATEMENT 3


FORM 990PF, PART I - ACCOUNTING FEES ----------------====================

DESCRIPTION

AUDIT, COMPLIANCE, AND TAX SRV

TOTALS

REVENUE AND

EXPENSES PER BOOKS

57,878.

57,878. ============--

77270J 827G 07/01/2008 08:40:46 V07-6.4

25-1113452

NET INVESTMENT

INCOME

28,939.

28,939.

ADJUSTED NET

INCOME

NONE

NONE ==============

23

CHARITABLE PURPOSES

28,939.

28,939.

STATEMENT 4


FORM 990PF, PART I - OTHER PROFESSIONAL FEES

DBSCRIPTION

FISCAL AGENT FEES CONSULTING

TOTALS

REVENUE AND

EXPENSES PER BOOKS

280,218. 256,000.

536,218.

77270J 827G 07/01/2008 08:40:46 V07-6.4

25-1113452

NET INVESTMENT

INCOME

280,218. NONE

280,218.

24

ADJUSTED NET

INCOME

NONE NONE

NONE

CHARITABLE PURPOSES

NONE 256,000.

256,000.

STATEMENT 5


FORM 990PF, PART I - TAXES

DESCRIPTION

FEDERAL EXCISE TAX PAYROLL TAX

TOTALS

REVENUE AND

EXPENSES PER BOOKS

308,000. 51, 491.

359, 491.

77270J 827G 07/01/2008 08:40:46 V07-6.4

25-1113452

NET INVESTMENT

INCOME

NONE 5,401.

5, 401.

ADJUSTED NET

INCOME

25

NONE NONE

NONE

CHARITABLE PURPOSES

NONE 46,090.

46,090. ==============

STATEMEN'l' 6


FORM 990PF, PART I - OTHER EXPENSES ----==-============================

DESCRIPTION

COMPUTER MAINTENANCE INSURANCE DUES & SUBSCRIPTIONS OFFICE EXPENSES OFFICE TEMP TELEPHONE SECURITY

TOTALS

REVENUE AND

EXPENSES PER BOOKS ---------

1,000. 16,795.

7,098. 21,929. 21,155.

4,188. 50,298.

--------------122,463.

==============

77270J 827G 07/01/2008 08:40:46 V07-6.4

25-1113452

NET ADJUSTED INVESTMENT NET CHARITABLE

INCOME INCOME PURPOSES ------ ------ --------

NONE NONE 1,000. 1,762. NONE 15,033.

NONE NONE 7,098. 2,300. NONE 19,629. 2,219. NONE 18,936.

439. NONE 3,749. NONE NONE 50,298.

-------------- -------------- --------------6,720. NONE 115,743.

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

26 STATEMENT 7


FORM 990PF, PART I - CONTRIBUTIONS, GIFTS, GRANTS PAID

======================================================

RECIPIENT NAME AND ADDRESS

GRANTS PAID

SEE STATEMENT 22

GRANTS ACCRUED

SEE STATEMENT 22

77270J 827G 07/01/2008 08:40:46 V07-6.4

RELATIONSHIP TO SUBSTANTIAL CONTRIBUTOR AND

FOUNDATION STATUS OF RECIPIENT

25-1113452

PURPOSE OF GRANT OR CONTRIBUTION AMOUNT

17 I 113 I 000 •

TOTAL CONTRIBUTIONS PAID 17,113,000.

4,442,000.

TOTAL APPROVED CONTRIBUTIONS ACCRUED 4, 442, 000.

27 STATEMENT 8

SARAH SCAIFE FOUNDATION INCORPORATED 25-1113452

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

DESCRIPTION

PREPAID INSURANCE

TOTALS

77270J 827G 07/01/2008 08:40:46 V07-6.4

ENDING BOOK VALUE

6,840.

6,840.

28

ENDING FMV

6,840.

6,840.

STATEMENT 9


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

DESCRIPTION

GOVBRNMENT SECURITIES (SEE STATEMENT 13A)

US OBLIGATIONS TOTAL

77270J 827G 07/01/2008 08:40:46 V07-6.4

25-1113452

ENDING BOOK VALUE

50,470,075.

50,470,075.

29

ENDING FMV

51,544,930.

51,544,930.

STATEMENT 10


FORM 990PF, PART II - CORPORATE STOCK -------------------------------------

DESCRIPTION

COMMON STOCK INVESTMENTS (SEE STATEMENT 13A)

TOTALS

77270J 827G 07/01/2008 08:40:46 V07-6.4

25-1113452

ENDING BOOK VALUE

141,184,334.

141,184,334.

30

ENDING FMV

236,103,598.

236,103,598.

STATEMENT 11


FORM 990PF, PART II - CORPORATE BONDS -------------------------------------

D£SCRIPTION

CORPORATE BOND INVESTMENTS (SEE STATEMENT 13A)

TOTALS

77270J 827G 07/01/2008 08:40:46 V07-6.4

25-1113452

ENDING BOOK VALUE

3,962,966.

3,962,966. ===============

31

ENDING FMV

3,924,240.

3,924,240.

STATEMENT 12

SARAH SCAifE FOUNDATION INCORPORATED

FORM 990PF, PART II - OTHER INVESTMENTS ----------=============================

OESCRIPTION

VENTURE FUNDS (SEE STMT. 13A) MUTUAL FUNDS (SEE STMT. 13A)

TOTALS

77270J 827G 07/01/2008 08:40:46 V07-6.4

25-1113452

ENDING BOOK VALUE

2,168,914. 3,876,230.

6,045,144.

32

ENDING FMV

3,718,076. 8,503,040.

12,221,116.

STATEMENT 13

Government Securities

U.S. Treasury and agencies securities Federal Farm Credit Bank Federal Home Loan Banks Federal Home Loan Mortgage Corp. Tennessee Valley Authority Treasury Inflation Securities

U.S. Treasury Notes

TOTAL GOVERNMENT SECURITIES

Common Stock

Common Stocks: 3M Co. Accenture Ltd. Altria Group, Inc. AMBAC Financial Group, Inc. American International Group, Inc. AT&T, Inc. Automatic Data Processing, Inc. Becton Dickinson & Co. Berkshire Hathaway, Inc. Cardinal Health, Inc. Carnival Corporation Charles Schwab Corp. New Chevron Corp. Diamond Offshore Drilling, Inc. Diebold, Inc. Ecolab Inc. Entergy Corp. Exxon Mobil Corp. FactSet Research Systems, Inc. Fortune Brands, Inc. FPL Group, Inc. Gannett Co., Inc. General Dynamics Corp. General Electric Co. Graco Inc. Illinois Tool Works, Inc. International Business Machines Corp. Johnson & Johnson Johnson Controls, Inc. Kellogg Co. Lockheed Martin Corp. McDonald's Corp. Merrill Lynch & Co., Inc. Microchip Technology, Inc.

Sarah Scaife Foundation Incorporated Schedule of Investments

December 31, 2007

Shares/or Par Value

2,000,000 1,700,000 5,000,000 3,-000,000 6,500,000

Shares/or Par Value

41,500 68,500 307,000

25,500 166,111 100,000 83,600 50,200

900 36,000 40,000

158,000 30,200 21,800 82,500 66,500 20,000

250,000 38,500 35,000 62,500 31,400 44,000

260,000 58,000 11,200

112,000 86,000 58,200 67,000 25,000 85,000 45,500 88,000

Cost

2,007,420 1,703,944 5,382,192 3,088,520 6,871,349

19,053,425

31,416,650

50,470,075

3,316,414 2,551,557 7,590,731 2,444,251

945,868 3,292,750 3,589,143 3,335,407 2,028,491 2,408,562 2,158,052 2,945,167 1,382,650 2,474,041 3,907,028 2,170,023 2,348,382 2,940,570 2,483,149 1,897,276

948,500 2,377,008 1,932,762 1,812,113 2,030,635

524,336 3,154,184 5,182,346 1,143,605 3,009,243

883,025 4,229,766

522,450 2,751,311

Market Value

2,007,500 1,744,098 5,285,630 3,028,620 7,900,206

19,966,054

31,578,876

51,544,930

Market Value

3,499,280 2,468,055

23,203,060 657,135

9,684,271 4, 156,000 3,722,708 4,195,716 4,262,400 2,079,000 1,779,600 4,036,900 2,818,566 3,095,600 2,390,850 3,405,465 2,390,400

23,422,500 2,144,450 2,532,600 4,236,250 1,224,600 3,915,560 9,638,200 2,161,080

599,648 12,107,200 5,736,200 2,097,528 3,512,810 2,631,500 5,007,350 2,442,440 2,764,960

STATEMENT 13A

Sarah Scaife Foundation Incorporated Schedule of Investments

December 31, 2007 Nike, Inc. 54,000 2, 115,480 3,468,960 Novartis AG 84,000 4,769,879 4,562,040 Omnicon Group, Inc. 51,000 2,015,493 2,424,030 Pepsico, Inc. 66,500 3,994,275 5,047,350 Praxair, Inc. 52,000 2,497,634 4,612,920 Proctor & Gamble Co. 98,800 4,494,255 7,253,896 Prudential Financial Inc. 41,000 3,762,103 3,814,640 Schlumberger Ltd. 26,000 2,417,104 2,557,620 State Street Corp. 72,000 4,918,195 5,846,400 Stryker Corp. 63,500 3,291,353 4,744,720 Target Corp. 84,500 4,919,899 4,225,000 Texas Instruments Inc. 80,000 1,883,200 2,672,000 U.S. Bancorp 75,000 2,354,220 2,380,500 United Parcel Service, Inc. 13,500 1,002,375 954,720 United Technologies Corp. 120,000 2,218,926 9, 184,800 Wachovia Corp. 52,015 2,004,960 1,978,131 Wells Fargo & Company 122,600 3,355,250 3,701,294 Wisconsin Energy Corp 54,500 2,458,937 2,654,695

TOTAL COMMON STOCK 141,184,334 236, 103,598

Corporate Bonds Shares/or Par Value Cost Market Value

GTE Northwest Inc. 775,000 860,750 777,480 National Rural Utilities 1,050,000 1,004,356 1,076,670 Pharmacia Corporation 1,000,000 1,071,680 1,014,930 South Carolina Electric & Gas Co. 1,000,000 1,026,180 1,055,160

TOTAL CORPORATE BONDS 3,962,966 3,924,240

Venture Funds Shares/or Par Value Cost Market Value

Code, Hennessy & Simmons Limited Partnership 67,415 11,863 Code, Hennessy & Simmons II, LP. 64,613 1,747,575 Code, Hennessy & Simmons Ill, LP. 262,297 68,521 Code, Hennessy & Simmons IV, LP. 710,130 825,658 Meakem Becker Ventures Capital I LP 1,064,459 1,064,459

TOTAL VENTURE FUNDS 2,168,914 3,718,076

Mutual Funds Shares/or Par Value Cost Market Value

Mutual Fund: !Shares Russell 2000 Index Fund 112,000 3,876,230 8,503,040

TOTAL MUTUAL FUNDS 3,876,230 8,503,040

STATEMENT 13A


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

NAME AND ADDRESS

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

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

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

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

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

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

TITLE AND AVERAGE HOURS PER WEEK DEVOTED TO POSITION

CHAIRMAN/TRUSTEE 2.50

EXECUTIVE VP 32.00

VP/TREASURER 32.00

SECRETARY 2.50

ASST. TREASURER 32.00

TRUSTEE 2.50

77270J 827G 07/01/2008 08:40:46 V07-6.4

COMPENSATION

NONE

232,060.

254,060.

NONE

53,933.

6,000.

CONTRIBUTIONS EXPENSE ACCT TO EMPLOYEE BENEFIT PLANS

NONE

35,400.

35,400.

NONE

12,100.

NONE

33,TATEMENT 14

AND OTHER ALLOWANCES

NONE

NONE

NONE

NONE

NONE

NONE


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

NAME ANO ADDRESS

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

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

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

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

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

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

ARTHUR P. ZIEGLER, JR.


TRUSTEE 2.50

TRUSTEE 2.50

TRUSTEE

TRUSTEE 2.50

TRUSTEE 2.50

TRUSTEE 2.50

TRUSTEE 2.50

77270J 827G 07/01/2008 08:40:46 V07-6.4

CONTRIBUTIONS EXPENSE ACCT TO EMPLOYEE

COMPENSATION BENEFIT PLANS

6,000. NONE

6,000. NONE

4,500. NONE

6,000. NONE

6,000. NONE

4,500. NONE

6,000. NONE

34.TATEMENT 15


NONE

NONE

NONE

NONE

NONE

NONE

NONE


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

NAM£ ANO ADDRESS

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


GRAND TOTALS

77270J 827G 07/01/2008 08:40:46 V07-6.4

COMPENSATION

585,053.

CONTRIBUTIONS EXPENSE ACCT TO EMPLOYEE BENEFIT PLANS

82,900.


NONE ============== ============== ==============

3~TATEMENT 16


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

NAME AND ADDRESS

CAROL NOLAN 301 GRANT STREET PITTSBURGH, PA 15219-6401

ALEXIS J. KONKOL 301 GRANT STREET PITTSBURGH, PA 15219-6401

POLLY MCQUEEN 301 GRANT STREET PITTSBURGH, PA 15219-6401

MATTHEW GROLL 301 GRANT STREET PITTSBURGH, PA 15219

TITLE AND AVERAGE HOURS PER WEEK

DEVOTED TO POSITION

EMPLOYEE 32.00

EMPLOYEE 32.00

24.00

EMPLOYEE 12.00

TOTAL COMPENSATION

77270J 827G 07/01/2008 08:40:46 V07-6.4

CONTRIBUTIONS EXPENSE ACCT TO EMPLOYEE AND OTHER

COMPENSATION BENEFIT PLANS ALLOWANCES

58,133. 13,300. NONE

56,800. 13,050. NONE

59,100. 13,012. NONE

50,100. 10,875. NONE

---------- ---------- ----------224,133. 50,237. NONE

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

36 STATEMENT 17

'SARAft SCAIFE FOUNDATION INCORPORATED 25-1113452

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

NAME AND ADDRESS TYPE OF SERVICE COMPENSATION

OXFORD DEVELOPMENT COMPANY/GRANT ST. FACILITY RENTAL 208,547. ONE OXFORD CTR, PLAZA LEVEL,301 GRANT ST PITTSBURGH, PA 15219

R. DANIEL MCMICHAEL CONSULTING 266,776. ONE OXFORD CENTRE, 301 GRANT STREET PITTSBURGH, PA 15219

DENNISE. BRADSHAW MGMT CONSULTING SVCS 50,304. 803 WOLFE STREET ALEXANDRIA, VA 22314

TOTAL COMPENSATION 525,627.

STATEMENT 18

77270J 827G V07-6.4 37

SARAH SCAIFE FOUNDATION INCORPORATED EIN: 25-1113452 YEAR ENDED: DECEMBER 31, 2007

FORM 990-PF

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

PART II, LINE 14 -ACCUMULATED DEPRECIATION

STATEMENT 19

DESCRIPTION AMOUNT

LEASEHOLD IMPROVEMENTS OFFICE EQUIPMENT

SUBTOTAL FIXED ASSETS LESS: ACCUMULATED DEPRECIATION

NET FIXED ASSETS

316,204 508,847 825,051

(820,619) 4,432

DEPRECIATION AND AMORTIZATION EXPENSE FOR 12/31/07 WAS $32,845.

STATEMENT 19

SARAH SCAIFE FOUNDATION Incorporated

One Oxford Centre 301 Grant Street, Suite 3900

Pittsburgh, Pennsylvania 15219-6401 412-392-2900

ANNUAL REPORT

STATEMENT 20

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

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

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

Requests should be addressed to:

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

STATEMENT 20


FORM 990-PF

Federal Footnotes

Grants Paid & Approved:

STATEMENT 21

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

STATEMENT 21


SCHEDULE OF GRANTS AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2007

Payable, 1l1lQ7·12Q1QZ Payable, 12131/06 Approved eaa 12131Q7

Acton Institute for the Study of Relgion and L.Jberl¥, Grand Rapids, Michigan Project support . $ 50,000 $ 50,000 $

~ tnstilut8 for Public Polk:y, Pittsburgh, Pennsytvania General opetBti i(I support 125,000 125,000

American Academy for Uberal Edi IC8tion.

W88hington. D.C. General oped i9 support 50,000 50,000

Amertcan Bar Assodatton Fund for JusUce and Education, Chicago, 411nc11 8'anding Committee on Law and National Security 85,000 130,000 130,000 65,000

American Civil Rights Institute. Sacramento, C8llfomia

General opetatiltg support 200,000 200,000

Amelican Councl of Trusteei anclAlumnt. WashlnglDn, D.C. General operating support 50,000 50,000

American Enterprise Institute for Public Poley Research, Washington, D.C. Program support 200,000 200,000 Shadow Flnanclal Regulatory

Committee 25,000 25,000 Project support 350,000 200,-000 150,000

American Fcnign Polley Council, WashJngton, O.C. General operating support 150,000 150,000

America's Future Foundation, WashJngton, D.C. General operating support 50,000 50,000

STATEMENT 22


SCHEDULE OF GRANTS AS OF ANO FOR THE YEAR ENDED DECEMBER 31, 2007

Payable, 1l1t01 -1~1mz Payable, 12/31/06 Approved f!!1 12131/07

Ametica's SuMvel, Inc., OWings,Matytand Program support $ - $ 60,000$ 60,000 $

Atlantic Legal Foundation, New Yen, New York General opeiatil tg suPf)O!t 100,000 100,000

Adas Econormc Research FoundaUon, Mr ,gton. Vaginla General operating and ptogram support 200,000 100,000 100,000

Boston Urdwnlty, Boaton,MasaachU88tlB

Institute for the Study of Conflict. Ideology and Policy 44,500 44,500

capitaJ Research Center, Washln910n, D.C. General operating support 250,000 250,000

Carnegie Mellon UnM!N'Slty, Pi\tsbUrgh,Pennsytvania Gallliot Center for Public PoDcy 75,000 150,000 150,000 75,000 Project support 75,000 75,000

Center for Equal Opportunity, Sterting, Virginia Genera) ope,atitag support 75,000 75,000

Center for lmmJgration StudMtS, Inc., VVashlngton,D.C. General operating support 150,000 150,000

Center for 1ndMduaJ Rights, VVashingtDn, o.c. General opetatirtg support 150,000 150,000

Center for Secur1ty PolJcy, Inc., Washington, O.C. General operating support 300,000 300,000

STATEMENT 22



Payable, j/1lQ7 -12Q1QZ Payable, 12131/06 Appr2(!d amt 32131/QZ

Center for S1rateglc and lntema1lonal Studies, Inc., Washington, D.C. Senior Advisor Post and p,oJec:t support $ 185,000 S 350,000 S 385,000 $ 150,000

Center for the Study of the Presidency, Washington, o.c.

Prog,m n and project support 75,000 150,000 150,000 75,000

Ctaremont Institute for the Study of StatasmanshJp and Polltica1 Phtlosophy, Claremont, CaHfomla General oper&Ung, program and Washington Felow support 400,000 200,000 200,000

Collegiate N~ tnc., Wilmb .gtr,n, Oelawate General opet atlng support 140,000 140,000 National Security Program 50,000 100,000 50,000 100,000 p,otess;onal Joumalsm Fellowships 100,000 100,000

Committee f9r' a Constructtve Tomorrow, WashJn9tOn, O.C. G8I send operating support 200,000 100,000 100,000

The Commonwealth Foundation for Public Poffcy Altsmattves, Harrisbufg,Pennsytvanla General ope, atil 19 support 140,000 140,000

Competitive EnterpriSe Institute, Washfngton, o.c. General operating support 150,000 75,000 75,000 Project support 200,000 200,000

David Horowftz Freedom Center, Los Angeles, C8lfomla General operating support 150,000 300,000 300,000 150,000

Environmental Literacy Counclf, Washington, D.C. General operating support 75,000 75,000

STATEMENT 22

'


SCHEDULE OF GRANTS AS OF ANO FOR THE YEAR ENDED DECEMBER 31, 2007

EthJcs and Public Po0cy Center, Inc., Washington, D.C. General operating and program support S

The Federalist Society for Law & Public Poley Studies. Washington, D.C. General opetath 1g and progt arn support

Fedelation for Amet1can lmmlg,ation Reform, Washington, o.c. JmmJgration Retonn Law Institute

Fon,lgn Policy Research Institute, ?taladelphla. PennsytvanJa General operating support

The Foundation EndOwment. Alexandria, VsglnJa General operating support

Foundation for Cafifomia Untversity of Pennsylvan1a, Callfcmia, PennsyMlnla Go\Wnment A{1eney Coordination Office

Foundation for CUiturai Review, Inc., New YOffc, New Yorlt General operating support

F<Uldation for tndMduaf Rights In Educallon, Inc.,

Phlladelphia, Pennsytvania General operating support

Foundation for Research on Economics and the enwonment. Bozeman,Montana General operating support

Payable, 1/1/QZ -1?}31 /07 12131/06 App,pved .ful

• S 175,000 $ 175,000 $

50,000 .; 50,000

325,000 200,000

50,000 50,000

35,000 35,000

75,000 75,000

125,000 125,000

260,000 260,000

125,000 125,000

50,000 50,000

125,000

STATEMENT 2 2

SARAH SCAIFE FOUNDATION INCORPORATED . . SCHEDULE OF GRANTS AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2007

Payable, ll1lQZ ·12131lQZ Payable, 12/31106 Approved ~ 12131/QZ

Four.dation for Teaching Ecot IOf1llcs, Davis. California Program support $ . $ 30,000 $ 30,000 $

Foundation for the Defense of Oemoaacles, Inc., Washlngtcn, O.C. Project support 250,000 250,000

Free Congress Research and Educaticn Foundation,· Washington. O.C. General opet atb 19 and program support 475,000 250,000 225,000

Freedom House, Inc., WashlnglDn, O.C. · Center for Reflglous Freedom • 140,000 (140,000)

FreedomWorka Foundation, WashlnglDn, D.C.

General operating and project support 200,000 200,000

Galen lnstttuta, tnc., Alexandria, Virginia

General operating support . 50,000 50,000

Georve c. Marshall Jostttute. Washington, D.C. General operating support 155,000 155,000

George Mason UnJverstty Foundation. Inc., Fairfax, Virginia

Law and Economics Center 200,000 200,000

Heritage Foundation. Washington, O.C. General operating support 800,000 400,000 400,000

High Frontier, Alexandria. Vugmla

Program support 50,000 125,000 115,000 60,000

STATEMENT 22



Payable, 1(1/07 -12131/07 12/31/D8 Approved f!1!1

Hudson Institute, Inc., Washington, D.C.

Payable, 12fJ1lQ7

Center for Religious Freedom • $ . $ 140,000 $ 140,000 $ Project for CMI Justice Reform and International Rellglous Liberty 150,000 150,000

Project auppo,t 50,000 50,000

The Human Rights Foundation, New York, New York General operating support 100,000 100,000

Independent Women's Forum. Washington. D.C.

Genelal ope,atiig support 100,000 100,000

Institute for Foreign Polley Analyals, Inc., cambrtdge,MassachUSetta Ecoi t0rnlc Security Program 160,000 160,000 General operating support 475,000 475,000 Project support 75,000 75,000

Institute for Health Freedom, Washingtun, D.C.

General operating support 100,000 200,000 200,000 100,000

lnstilUte for Humane Studies, Aril,gta .. VlrgJma General opeaati 19 support 50,000 50,000

Institute for Justice, Via$hington,D.C. General operating support 115,000 115,000

Institute for Research on the Ec:onornJcs of T.a>Clltb 1, Washington. O.C. Getteral operating and program support 150,000 150,000

The Institute of the NCf1h, Anchorage,AJaska National Defense and Security Program 315.000 160,000 155,000

STATEMENT 22

SARAH .SCAIFE FOUNDATION INCORPORATED


Payable, j/1J07 -l2Q1l.QZ Payable, 12131/06 Apprpyed fl!t 12/31/QZ

The Institute on Religion and Publlc Ufa, Inc., New York, New York General operating and publJcation support $ - $ 100,000 $ 100,000 $

lntercollegJate Studies Institute, Inc., Wiimington, OelaW8r8 CMc Uteracy Project 100,000 100,000 General operating support 350,000 175,000 175,000

lntemafiol aaf Policy Network US. Inc., WashJngton, D.C. General opotatil 19 support 50,000 50,000

Jamestown Foundation, W8shlngton. D.C. Genef8I operatJng support 145,000 75,000 70,000

Johns Hopkins Untversity, Washington, D.C. The Psuf Nltztt Schoof of Advanced ·~Studies 187,000 187,000

JudJcial watch, Inc., WeshingtDn, o.c. General~ support 250,000 125,000 125,000

Landmark Legal Foundation, Kansas City, MJ8souri General ~g support 400,000 325,000 75,000

Latrobe /vea Hospital Charltabkt Foundation, Latrobe, pennsytvanJa Program support 150,000 150,000

Ligonier Valley School Oistrfct, Ligonier, Pennsylvania Chnstmas ~ prt)9l"8ffl 7,500 7,500

The Maldon tnstitUte. Baltimore, Maryland

General operating support 24~.ooo 484,000 484,000 242,000

STATEMENT 22


SCHEDULE-OF GRANTS AS OF ANO FOR THE YEAR ENDED DECEMBER 31, 2007

Manhattan Institute for Polley Research, Inc., New York. New York

Payable, 1/1/07 -12131/07 12/31/06 Apprqyed f!!i

Payable, 12/31/QZ

General operating and publication support $ - $ 200,000 $ 200,000 $

Project support

Media Researt:h Center, Alexandria. Virginia General operating support

MercabJ8 Center, Inc., Fairfax, Virginia General operating support

Michigan State UnJversity, East Lansing, Mic:higan Program support

Mount Vernon Ladies Association of the Union, Mount Vernon, Virginia Project support

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

National Center for Policy Analysia, Dalas, Texas General operating support

NatiOnal Center for Pubic PoDcy Research, Inc., Washington. D.C. Program support

National Institute for Public Policy, Fairfax, Vitglnta

Program support

National Taxpayer& Union Foundation, Alexandria. Virginia Congresslonal Budget Tracking System

40,000 40,000

150,000 350.000 325,000 175,000

.80,000 80,000

100,000 .100,000

150,000 75,000 75.000

250,000 25Q,000

125,000 125,000

50,000 50,000

200.00Q 200,000

75,000 75,000

STATEMENT 22

S~ SCAIFE FOUNDATION INCORPORATED

SCHEDULE OF GRANTS _ . · AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2007

Payable, · 1l11Q7-12131J07 ~ 12131/07

New England Legal Foundation, Boston. MassachU88U8 General operating support

Number&USA Education and Research Foundation, Arington, Vll;irda Project support

Padfic Legal Foundation. Sacramento, California General ope,ating support

Pacfflc Research JnstltutB for Public Polic,y, San Francisco, California General ope,atil 19 support

Phlladelphla Society, Jerome,MichJgan

Gene,aJ opetafllg support

Phllanlhr'op'/ Roundtable, Washlngmn. D.C.

Prcgram support

Phipps Conservatory and BotanJcaf Gardens, Inc., Plttsburgh,Pennsytvanla Campaign 2000

Pittsburgh History end Landmarki Foundation. Pltsburgh,Pennsytvania Community redevelopment

PrincelDn Unlvel3ly. PrWlCetOI&. New Jerfffl'/

James Madison Program In American Ideals and lnstttutiona

Reason Four.dation, Los Angeles, Cafffomia General ope,ating support

$

12/31/06 Approved fi!!:!

- $ 60,000 $ 60,000 $

50,000 50,000

175,000 175,000

200,000 200,000

15,000 15,000

10,000 10,000

1,250,000 1,000,000 250,000

500,000 500,000

75,000 75,.000

125,000 125,000

STATEMENT 22



Payable. 1/jlQZ -12Q1QZ Payable. 12/31I06 Am>rJr«g El!i 12131/07

Saint Vincent College, Latrobe. Pennsytvania Center for Polltical and Economic Thought $ . s 35,000 $ 35,000 $

Social Philosophy and Polk:y Foundalion. BcMlir,,g Green, Ohio Social PhlJosophy and Policy Center 625,000 625,000

Southeastem Legal Foundation, Inc., Atlanta. Georgia

General operating support 75,000 75,000

Southwest MIAoUrl Stats Urwenslty Foundalk>n. Spr'lilgfield, Mis8our1 Department of Defense and Strategic StudJes 150,000 150,000

Stanfon:f University, Hoover Institution on War, Revolution and Peace, Stanford., CaJifomla Bookpojeet 200,000 200,000 Research programs and Hoover Feflaw support 200,000 450,000 425,000 225,000

Statistical Assessment Service, WashlngtDn. O.C. General ~ng support 100,000 100,000

StudentNewsDaly.com, Inc., Old Bridge. New Jersey General operating support 15,000 15,000

Tax Foundation, WashingtDn. O.C. General operating and project support 100,000 100,000

Tufts University, Medford, Msssachuaetts The Ftetcher School of Law and Oiplomacy 150,000 300,000 300,000 150,000

STATEMENT 22



Payable, 111101 -12131/0Z 12/31/06 Apprqyed fut

The Univefdy of Chicago. Chk:ag0 1 llllnols

Payable, 12/316)7

George J. Stigler Center for the S1udy of the Economy and the State $ • $ 50,000 $ 50,000 $

Law and Economics Program 75,000 150,000 150,000 75,000

UniYer&fty of Kentucky, Lexi lgtDI .. Kentucky Prog,a11·in Quality, Safety and Patient RJghtll

u~ or VJrgtnla Law SchOol FoundatlorJ. Chark>tteeVile, Vuginla Center for NatiOn8I Security Law

USS Constitution Museum Foundation. Inc., Boston. Massachusetts PiUsburgh EducStionaf Outreach Program

\llctimS of Communism Memortaf Foundatk>n.tnc., -Washington, D.C. Memorial Oed)cation .

World Affairs Coundl of PittsbufVh, Pittsburgh, Pennsytvania Teacher-Student Educationaf Projects

Total

100,000 100,000

350,000 350,000

10,000 10,000

25,000 25,000

75,000 --7~5."ll.:OOQ-. -------

I 3.32§.500 5 1e.22e,soo s 11.113.oog f 4.442.ooo

STATEMENT 22


FORM 990-PF

Federal Footnotes

Allocation of Expenses in Part I:

STATEMENT 23

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

STATEMENT 23

IMWt SCAIA: FOUNOAnoN INCORPOMTED

SCHEOUlE OF GAINS (l.08868) FOR TAX ON IHYE8TMENT INCOME FOR 'nfE YEAR ENDE'> oeceNBER 31 .-,

(1) (b) (G) (d) (e) (f) (h) (Q G) (kl (I) "(m) l.Gllff fr1lftl

How coat or '*Marbl cdaftnG)

~of Acquired Groll OU-Ball Valueuof andc,IN P.PU1tt1111 Dile OlteSotfl 8alel lfld EJiplnH Gdl(laill) Dlalm'* ~ Eataot(D <--<'>

~ Qncrfotlan D-Oanated Acaulced Mlfllmd Nia afSm en-Cb> S1,1POR tfMlBp mt.00 owrm1

Securtly AlberbCuhlf Co. p OM>7J05 ma,,07 • 932,AM 1,4'04,022 (471.538) NIA NIA NIA s (471,531)

88Qlf1ty AMGEN, Inc. p OMlWS rtll27/07 1,597.074 348.430 1).48,844 NIA NIA NIA 1.241,844

Secultly Brfatol U,.r. Squibb Co. p 03110I03 mtn/01 2.274,949 1,949,ffl 325,370 NIA NIA NIA 321,370

Sec:u,tty Intel CClfp. p 02123195 02/27/07 3,049,491 748,4113 2.299,9111 NIA NIA NIA 2.289,998 OWTJVS

Secwfly Merril L,nctl 6 Co,. p 12121198 02/'l'l/01 1,174,798 411,708 893.090 NIA NIA NIA 693,090 Inc.

89Qll1ly Plyd'teXklc. p 12/22A)3 02JZ1/01 1,123,713 1,000.217 123,498 NIA N.IA NIA 123,499

~ saar 8uUly eo., inc. p OWIOI02 02127/ff1 310,088 122.111 (191,751) NIA N.IA N.IA (111,761)

Secuf1lY 8outllem Co. p 0!5IOlV02 C12J'D/01 2,011,3M 1,574,SIOe 43&,452 NIA NIA WA 438,.SZ

03ft(W3

8«ldy HaMni UfMlllY p OIS/18.402 CMl1MJ7 1,000,000 1,017,182 (77,182) NIA NIA NIA (77,182)

Secully Kraft Foodl. Inc. p 10/21182 04IZW7 12 1 e NIA NfA NIA 5

~ FPL On,up. Inc. p 10I07188 04l2&t1 818,154 111,.cea M4.488 NIA NIA NIA 344,.ae

10l2IWI

8curlly Bloldl1dge Flnandal p 10/03IU0 0&119/11'/ 429,eel '30,251 <• NIA NIA NIA (595)

8olUllanl 01131A>1 0Sf1Ml2 OY1CW3

8ecufy ClnlaCDrp. p G31D7195 CJ11118/07 2,310,17-4 1,G>.203 799,371 NIA NIA NIA 790,371

{/) CJlW8ID5 ~ 12'22m

i ~ FPL Croup, IM p 10l2BIDS OS/18'07 818.112 184,344 431,831 NIA NIA NIA 431,838

! N ,,:,,.

IARAH SCAln. FOUNOA110N INCORPOIIAT!D

SCHEOUI..E OF GAINS (LOSSES) FOR TAX ON IHVE81'MENT INCOME FOR.TtfE YEAR ENDED sgeyam ;,1, 2QIU .

<•> (b) (C) (d) <•> (1) (Ol (h) (I) (I) .00 , (I) l.ol111fram

How Caito, FalrMacttel cotumnO)

KhJof Acquired OU.Bull Value11ol

~ P.Purchae Oat. DlttlSotd 0n,a, Ind~ Gatn(loa) Oecemblr AdlUlted &pense of G)

lndgalnt

ONctloUon O-Oonated Amukid Maknd ~ al.Sale ffilmlhl (IIDlll(I)

31.1989 Coat Ball mtAl CMWm}

Security Kraft Fooda, Inc. p 1<Y12182 OS,18'07 7,012,284 2,388,813 4,fS21S,,.,51 NIA NIA NIA 4,821,461 10/12101 111011D2 10/14'03

~Iffy Lit Clal:lame, Inc. p 03/13'03 0!111M>7 1,175,839 992.94 183.2U NIA NIA NIA 183,285

Security Marshal & Hally Corp. p OIWTIOS 0511Ml7 1,71!,&64 1,530,128 185,435 NIA NIA NIA 185,'35

Seau,tty Manti Lynch & Co., p 10/'25'a5 C)511MJ7 1,291,eea 311.l508 843,180 NIA NIA NIA 943,180

Inc. 1~

S.Ully Stryker Cofp. p ar.aws os,ta,t:,7 2,371,897 1,803,0U 888,812 NIA NIA NIA 891,812

8l22I08

a.cudty Marth91 & Ilsley Corp. p 02.l231D9 0!11181DT 1,712,949 1,430,11&7 281,982 NIA NIA NIA 281,952

0&1>7IOIS

Stc!Ufly NWIMffl lffV'lltlMntl. Ina. p CJ&f1Ml8 0912~7 i21,7!0 880,248 241.!()4 NIA NIA NIA 241,904

Seautfy NIMiln lrlVllltmentl, Inc. p OMQI08 09/2,WJ 817,080 498.847 171.233 NIA NIA NIA 178,233

8IIMlty 8Y600Cotp. p 01127Jb1 09,W07 IS81,2DO 713,SU 147,847 WA NIA NIA 147,947

Seeudly SYSCO COip. p 08127AJ1 09l'lAI07 859,880 713,343 148,517 WA NIA NIA 148,IS17

Smarty Amgen,lnc. p 1M0.'08 ~7 1,788,954 447,fS27 1,310,327 NIA NIA NIA 1,310,327

s-..liy Cbnn)n OcMpundlon p 10l12m1 0912M17 2,433,m 1,201,001 1,2SZ.372 NIA NIA NIA 1,232,372

8-.tty ~.Inc. p 0912QI05 0912Ml7 384,380 351,117 32,583 NIA NIA NIA 32.883

en Se'CldV ~Cos.Inc. p 11122J05 0912!1D7 1,993,452 2.163.144 (189,892) NIA NIA NIA (189,892) ,,

:i:,

~ ~

! N ,a:.

IARAH ICAIPE FOUNDA110N IHCORPORA1'ED

SCHEDULE OF GAINS (l.OSSES) FOR TAX OH INVESTMENT INCOME B1RJHE YEAR ENDED DE<cJ!MBffl 31, 20Q7

(1)

l<lndof PIPPO~

Seaurlly

Securly

81CUtfly

8ecully

Seaatly

Seawlly

Cl.I

~

I t\) ,I:.

(b) (c)

How Acqund

P.Puldwe Dlaq1glkzo Qi)gnlted

Nuveen lnwatmenll, Inc. p

Omlncam Gleup, Inc. p

PIOdar & Gamble Oo. p

lntemaUanat Butlne11 p Madllnel, lnc.

Unlllldhalth Grvup, lrtc. p

American~ Co. p

(cl)

Dale AmUJrld

05119'08

12fl2A>3

09f10I02

03121185 1Q.f1..,,3

O!l1CW4

O!ll1M>O 1CW3IOO 0113!,01

Tcul

(e)

Oate/Sold Mahgd

09flM>7

09l2MJ1

09l2MJ7

11/21,01

11/21,07

11121"'17

r

(f) (g) (h) (I) 0) (k) (Q Lot111fnlm CdlumllG)

OthlrBula Valulasof andgalnl GIUla and~ Gttl (lou) o.c.mblr AdlUlted EJlpenH of 0) (ama (Q

e••PA q(-fflMt•(b) 31,lffl ca,tBMII antOO mum 1,838,895 1,380,482 478,183 NIA NIA NIA 478.183

823,738 ~.485 70,261 NIA NIA NIA 70.251

1,471,280 989,948 801,332 NIA NIA NIA 501,332

4J$t,7JJ57 3.885.02'0 ffl.837 NIA NIA NIA 972,837

3,394,1588 1,980,.C55 1,414,233 NIA NIA NIA 1,414,231

2.21uoa 1JPZ,Q31 418,m NIA NIA NIA 418,W

S 58,763.13e I 39.981,302 I 19,773.ffl NIA NIA NIA S19.ffl.77J

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