2006 Carl & Ruth Shapiro Family Foundation 990 (includes Madoff Investments)
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s'
Return of Private Foundation
990-PF
Form
OMB No 1545-0052
or Section 4947 (a)(1) Nonexempt Charitable Trust Treated as a Private Foundation
Department of the Treasury
Internal Revenue Service
2
Note : The foundation may be able to use a copy of this return to satisfy state reporting requirements. r , and ending For calendar year 2005 , or tax year beginning r6....L nn film+., nh, -
1
i
In,f, el _t_
I
Cmsl rufi, rn
I
I
Amondarf return
I
1
label. Otherwise , C ARL & RUTH SHAPIRO FAMILY FOUNDATION Number and street (or P O box number If mail is not delivered to street address) print
254113534 .
C If exemption application Is pending , check here
D 1. Foreign organizations , check here 2. Foreign organizations meeting the 85% test, check here and attach computation
necessarily equal the amounts in column (a))
1
Contnbutlons , gifts, grants , etc , received
2
Check
3
savings and temporary Interest invesstmennts
( a) Revenue and ex p enses per books
^ a
E If private foundation status was terminated ^0 under section 507 (b)(1)(A), check here
0 Accrual M Cash J Accounting method Other (specify) 0 (Part 1, column (d) must be on cash basis.)
Analysis of Revenue and Expenses (rhe total of amounts in columns (b), (c), and (d) may not
B Telephone number
617-778-7999
399 BOYLSTON STREET
I Fair market value of all assets at end of year (from Part ll, co!. (c), line 16) Paft 1
n Name chancre
04-6135027 Room/sulte
See Specific City or town, state , and ZIP code Instructions . 02116 OSTON MA X Section 501 (c)( 3 ) exem pt p rivate foundation of organization H Check type 0 Section 4947( a)(1) nonexempt charitable trust 0 Other taxable private foundation
^$
6
A Employer Identification number
Name of foundation Use the IRS
or type .
ArfrlrocQ channe
00
F If the foundation is in a 60-month termination under section 507 ( b )( 1 ) B ), check here ^ (d) Disbursements for charitable purposes
( c) Adjusted net income
(b) Net investment income
(cash basis only)
N/A
34968249 .
if the foundation Is not requm:dto attach Sch B
2123089. 6158625 .
4 Dividends and interest from securities 5a Gross rents
S tatement 1
2123089. 6158625.
S tatement 2
b Net rental income or (loss) 51597039 .
6a Net pain or (loss) from sale of assets not on line 10 Gross sales puce for all
b asse t s on l ine 6 a y
284987192. 51597039.
Capital gain net income (from Part IV, line 2)
7
8 Net short-term capital gain 9 Income modifications Gross sales less returns 10a and allowances t) Less Cost of goods sold
c Gross profit or (loss) 11 Other Income 12 Total . Add lines 1throu g h 11 13
14
C
94847002.
Compensation of officers , directors , trustees , etc
0.
7 5 2 4 8.
Other employee salaries and wages
43048.
0.
43048.
15085 .
0.
15085 .
b Accounting fees
Stmt 4
34089. 11000.
17044. 11000.
17045. 0.
c Other professional fees
S tmt 5
16871.
0.
16871 .
Stmt 6
659151. 355. 37950. 1769.
0. 0. 0. 0.
11247.
14777.
0.
14 717 .
9 0 9 34 3. 10159785.
2 80 4 4.
2 32 9 8 0. 101597 8 5.
11069128.
28044.
10392765.
15 Pension plans , employee benefits Stmt 16a Legal fees
W 17 19
3
Interest
18 Taxes
_
Depreciation and depletion
E 20 Occupancy 4 21 c 22 C'V
Travel , conferences , and meetings Punting and publications
0 23 Other expenses
Stmt 7
24 Total operating and administrative expenses . Add lines 13 through 23 0 25 Contributions , gifts, grants paid 26 Total expenses and disbursements. Add lines 24 and 25
a
0 LU
59878751/
7 5 2 4 8.
37950. 1769.
27 Subtract line 26 from line 12. a Excess of revenue over expenses and disbursements
83777874. 59850709.
b Net Investment income of negative, enter -) -0 c Adjusted net Income of negative, enter -0.) B
N/A
LHA For Privacy Act and Paperwork Reduction Act Notice, see the instructions.
Form 990-PF (2006)
623501 01-29-07
12300507 788779 fnd
1 2006.05000 CARL & RUTH SHAPIRO FAMILY
FND
1
c
Form 990-PF( 2006) r
.t
CARL & RUTH SHAPIRO FAM ILY FOUNDATIO N Beginning of year nts In the ° pton B a l ance Sh ee t s column " dac1edsc11ed '' esforandan'°" should be end•of-yearamounfsonly ( a) Book Value
( b) Book Value
End of year (e) Fair M arket Value
1130.
88046.
88046.
31488270.
49447453.
49447453.
1 Cash - non-Interest-beanng 2 Savings and temporary cash investments 3 Accounts receivable ^ Less - allowance for doubtful accounts ^ 4 Pledges receivable ^ Less allowance for doubtful accounts ^
Page2
04-6135027
5 Grants receivable 6 Rece ivables due from officers, directors, trustees , and other disqualified persons 7
Other notes and loans receivable
^
Less' allowance for doubtful accounts ^ 8 Inventories for sale or use 9 Prepaid expenses and deferred charges 10a Investments - U S and state government obligations b Investments - corporate stock c Investments - corporate bonds 11
12 13
Investments - land buildings , and equipment basis
^
Less accumulated depre radon
^
Stmt Stmt
Stmt
IessaccumuWtWdeprxaton
20
2950.
203354089. 0.
2950. 204493586. 0.
624. 0.
699. 80800.
699. 80800.
16 919 7141.
252974037.
254113534.
978.
0.
978.
0.
29046392.
29046392.
96036. :
Other assets (describe
01
95337. Statement 11 )
16 Total assets to be com pleted b all filers 17 Accounts payable and accrued expenses 18 Grants payable in 19 Deferred revenue 2 21 J 22
11800.
121964637. 15730680.
Investments - mortgage loans Investments - other
14 Land , buildings , and equipment basis ^ 15
8 9
Loans from officers , directors , trustees , and other disqualified persons
Mortgages and other notes payable
Other liabilities (describe ^
Statement
23 Total liabilities (add lines 17 throu g h 22 ) Foundations that follow SFAS 117, check here
12)
^ 0
and complete lines 24 through 26 and lines 30 and 31. 24 Unrestricted m 25 Temporarily restncted co 26 Permanently restricted Foundations that do not follow SFAS 117 , check here and complete lines 27 through 31. r` °
^ 0
27 Capital stock , trust principal , or current funds 28
29 Retained earnings , accumulated income , endowment, or other funds
Z 30 Total net assets or fund balances
.
.
.
31 Total liabilities and net assets and balances
p
0.
0.
140149771. 169196163.
22 392 7645 . 252974037 .
16 919 7141.
252974037 .
Paid-in or capital surplus , or land , bldg , and equipment fund
.
Analysis of Changes in Net Assets or Fund Balances
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 pnoryear's return) 2 Enter amount from Part I, line 27a 3 Other increases not included in line 2 (itemize) ^ 4 Add lines 1, 2, and 3 1
1 2
169196163. 83777874.
131
0.
141
252974037.
5 Decreases not included in line 2 (itemize) ^ 6 Total net assets or fu nd balances at end of year (line 4 minus line 5) - Part II, column (b), line 30
0. 252974037. Form 990-PF (2006)
623511 01-29-07
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2 2006.05000 CARL & RUTH SHAPIRO FAMILY
FND
1
CARL & RUTH SHAPIRO FAMILY FOUNDATION Form 990-PF (2006) P t lV CaDital Gains and Losses for Tax on Investment Income
04-6135027
( b How acquired - Purchase D - Donation
(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)
( c Date acquired (mo , day, yr)
Pa g e 3
( d) Date sold (mo , day, yr )
1a
b
See Attached Statements
c d
e (g) Cost or other basis plus expense of sale
( t) Depreciation allowed (or allowable )
(e) Gross sales price
(h) Gain or (loss) (e) plus (f) minus (g)
a b
c
d e
233390153.
284987192.
51597039.
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 ( k) Excess of col (i) over col . (1), if any
(1) Adjusted basis as of 12/31/69
(I) F M V as of 12/31/69
(I) Gains (Col (h) gain minus c ol bu t than -0-) or (k), le coh (f rom
a b
c d
51597039.
e ^ If gain,)also enter in Part I , line 7 1 If ?loss) , enter -0- in Part I , line 7
2 Capital gain net income or ( net capital loss)
51597039.
2
3 Net short-term capital gain or ( loss) as defined in sections 1222 (5) and (6) If gain, also enter in Part I , line 8, column (c) If (loss ), enter -0- in Part I, line 8 3 I part v_1 (uualltlcatlon Under section 494U(e) Tor Reduced I ax on Net Investment Income
N/A
(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. Yes ^X No
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? It Yes," the foundation does not qualify under section 4940 (e) Do not complete this part 1 Enter the aooroonate amount in each column for each year : see instructions before makina any entries Base priod e years Calendar year or tax year be g innin g
6706051. 3345224. 6809240. 7700592. 7929251.
2005 2004 2003 2002 2001
on ratio Distribution (col (b) drvided by col (c))
(c) Net value of nonchantable -use assets
( b) Adjusted qualifying distributions
170221426. 155208719. 148563393. 139233371. 133023383.
.039396 .021553 .045834 .055307 .059608 2
.221698
3
. 044340
4
212735342.
.
5
9432685.
6 Enter 1 % of net investment income (I% of Part I, line 27b)
6
598507 .
7 Addlines5and6
7
10031192.
8
10392765.
2 Total of line 1 , column (d) 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 4
Enter the net value of nonchantable -use assets for 2006 from Part X, line 5
5
Multiply line 4 by line 3
.
. .
..
8 Enter qualifying distributions from Part XII , line 4
. .
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
Form 990-PF (2006)
623521/01-29-07
12300507 788779
fnd
3 2006.05000 CARL & RUTH SHAPIRO FAMILY
FND
1
11 Form 990-PF(2006) CARL & RUTH SHAPIRO FAMILY FOUNDATION 04-6135027 Page 4 Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948 - see instructions) art Vt 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 If necessary-see Instructions) b Domestic foundations that meet the section 4940(e) requirements in Part V, check here ^ [X and enter 1 % of Part I, line 27b c All other domestic foundations enter 2% of line 27b Exempt foreign organizations enter 4% of Part I, line 12, col (b) 2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 3 Add lines 1 and 2 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only Others enter -0-) 5 Tax based on Investment Income . Subtract line 4 from line 3 If zero or less, enter -0_ 6 Credits/Payments. 6a a 2006 estimated tax payments and 2005 overpayment credited to 2006 6b b Exempt foreign organizations - tax withheld at source 6c c Tax paid with application for extension of time to file (Form 8868) 6d d Backup withholding erroneously withheld 7 Total credits and payments. Add lines 6a through 6d . 8 Enter any penalty for underpayment of estimated tax Check here EX if Form 2220 is attached 9 Tax due . If the total of lines 5 and 8 is more than line 7, enter amount owed 4
10 Overpayment . If line 7 is more than the total of lines 5 and 8, enter the amount overpaid 11 Enter the amount of line 10 to be Credited to 2007 estimated tax ^
31avt V11-A,
598507 .
1
2
0.
3 4
598507.
5
598507 .
7
602000 . 1275.
0.
602000 .
^ ^ 2 2 18 .Refunded ^
8 9 10
2218
.
0.
11
Statements Regarding Activities
1 a During the tax year, did the foundation attempt to influence any national , state, or local legislation or did it participate or intervene in any political campaigns b Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see instructions for definition)? If the answer is "Yes" to la or 1 b, attach a detailed description of the activities and copies of any materials published or distributed by the foundation in connection with the activities. c Did the foundation file Form 1120 -POL for this year? d Enter the amount (it any) of tax on political expenditures (section 4955) imposed during the year. 0. (2) On foundation managers. ^ $ 0. (1) On the foundation ^ $ e Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed on foundation 0. managers ^ $ 2 Has the foundation engaged in 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, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes 4a Did the foundation have unrelated business gross income of $1,000 or more during the year? .. b If'Yes * has it filed a tax return on Form 990 -T for this year?
N/A
Was there a liquidation, termination, dissolution, or substantial contraction during the year? If "Yes," attach the statement required by General Instruction T. 6 Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either • By language in the governing instrument, or • By state legislation that effectively amends the governing instrument so that no mandatory directions that conflict with the state law remain in the governing instrument? 7 Did the foundation have at least $5,000 in assets at any time during the year? If "Yes, " complete Part ll, col. (c), and Part XV.
5
la 1b
Yes No X X
1c
X
2
X
3
X
4a
X
4b
5
X
6 7
X X
8b
X
8a Enter the states to which the foundation reports or with which it is registered (see instructions) ^ MA b If the answer is 'Yes' to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state as required by General Instruction G? If "No, " attach explanation Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2006 or the taxable year beginning in 2006 (see instructions for Part XIV)? If "Yes," complete Part XIV . 0 Did any Dersons become substantial contributors dunna the tax year? it -v..' attach a schedule listina their names and addresses
9
9 X 10 X Form 990-PF (2006)
623531 01-29-07
12300507 788779 fnd
4 2006.05000 CARL & RUTH SHAPIRO FAMILY
FND
1
11 Form 490-PF ( 2006) CARL & RUTH SHAPIRO FAMILY FOUNDATION VII-A-1 Statements Regarding Activities Continued #
11a At any time during the year , did the foundation , directly or indirectly , own a controlled entity within the meaning of section 512 (b)(13)' ... If 'Yes' attach schedule . (see instructions ) royalties, and 17, 2006, covering the interest, rents, foundation have binding written contract in effect on August 'Yes did the a If , b N/A .. annuities described in the attachment for line 11 a ? . .. . 12 Did the foundation acquire a direct or indirect interest in any applicable insurance contracts 13 Did the foundation comply with the public inspection requirements for its annual returns and exemption application? N/A Web site address ^
INC.
14 The books are m care of ^ WELLESLEY CAPITAL MANAGEMENT,
Locatedat ^ ONE WASHINGTON ST.
SUITE 202,
WELLESLEY,
p2
X
11a 11b 12 13
X X
Telephone no ^ 7 81-2 35-610 7
ZIP+4 ^ 02481
MA.
Section 4947( a)(1) nonexempt charitable trusts filing Form 990- PF in lieu of Form 1041 - Check here and enter the amount of tax-exem pt interest received or accrued durin g the year
15
Page5
04-6135027
^0 ^
N/A
15
VU-fl 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 foundation ( either directly or indirectly) (1) Engage in the sale or exchange, or leasing of property with a disqualified person? (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? .. (3) Furnish goods , services , or facilities to ( or accept them from) a disqualified person? (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? (5) Transfer any income or assets to a disqualified person ( or make any of either available for the benefit or use of a disqualified person )?
Yes No 0 Yes I1 No Yes 0 No Yes 0 No Yes 0 No
.
.
(6) Agree to pay money or property to a govemment 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 ) b If any answer is'Yes' to 1a ( 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 22 of the instructions )?
Organizations relying on a current notice regarding disaster assistance check here
_ Q Yes EXI No
L1 Yes 0 No N/A
c Did the foundation 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 2006' 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 2006 , did the foundation have any undistributed income ( lines 6d and 6e, Part XIII) for tax year( s) beginning Yes FX No before 20067 If 'Yes, list the years ^ 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 undistributed income') ( If applying section 4942 ( a)(2) to all years listed , answer "No* and attach
statement - see instructions .)
.
N/A
.
lb
^0 1c
X
2b
c If the provisions of section 4942 (a)(2) are being applied to any of the years listed in 2a , list the years here. 3a Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time . 0 Yes 0 No during the years persons after foundation or disqualified purchase the by b If 'Yes ; did it have excess business holdings in 2006 as a result of ( 1) any 4943 under section (c)(7)) to dispose the Commissioner May 26 , 1969, (2) the lapse of the 5-year period ( or longer period approved by holding period (Use Schedule C, first phase ? of holdings acquired by gift or bequest , or (3) the lapse of the 10- , 15-, or 20-year N/A Form 4720 , to determine if the foundation had excess business holdings in 2006.) purposes? chantable 4a Did the foundation invest during the year any amount in a manner that would jeopardize its 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 ieoaardv before the first day of the tax year beginning in 2006'
3b 4a 4b
Form 990-PF (2006)
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5 2006.05000 CARL & RUTH SHAPIRO FAMILY
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1
VII-
04-6135027 CARL & RUTH SHAPIRO FAMILY FOUNDATION Statements Regarding Activities for Which Form 4720 May Be Required Continued
5a During the year did the foundation pay or incur any amount to (1) Carry on propaganda , or otherwise attempt to influence 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 similar purposes ? (4) Provide a grant to an organization other than a charitable , etc , organization described in section 509(a )( 1), (2), or (3), or section 4940 (d)(2)? (5) Provide for any purpose other than religious , charitable , scientific, literary , or educational purposes, or for
Yes 0 No LI Yes 0 No Yes EKI No Yes EXI No
LI Yes [M No the prevention of cruelty to children or animals? Regulations in quality under the exceptions described transactions fail 5a(1)-(5), any of the to answer is'Yes'to did b If any N/A _ section 53 4945 or in a current notice regarding disaster assistance ( see instructions)? pop. 0 here disaster assistance check notice regarding relying on current Organizations a c If the answer is'Yes'to question 5a(4), does the foundation claim exemption from the tax because it maintained N/A 0 Yes 0 No expenditure responsibility for the grant ? 6a b 7a b
If "Yes," attach the statement required by Regulations section 53.4945-5(d). Did the foundation , during the year, receive any funds , directly or indirectly , to pay premiums on a personal benefit contract ? Did the foundation , during the year , pay premiums , directly or indirectly , on a personal benefit contract? If you answered "Yes" to 6b, also file Form 8870. At any time during the tax year , was the foundation a party to a prohibited tax shelter transaction ? If yes , did the foundation receive any p roceeds or have any net income attributable to the transaction?
Page 6
5b
0 Yes 0 No X
6b Yes EXI No N/A
7b
Information About Officers, Directors, Trustees , Foundation Managers , Highly T VIII 0 Paid Employees , and Contractors I
I it au nffirerc direr-Mrs- trustees_ foundation manaaers and their compensation.
(b) Title, and average hours per week devoted to p osition
(a) Name and address
75248.
See Statement 13
7
rw...wswc^*i..n
.f fh,
(c) Compensation (d)Contribubonsto ( If not paid , °"";F ho„fi ""s enter -) co ensaton I
(e) Expense account, other allowances
10855.
0.
(^Contnbueonsto aand dotnu l'"s ensabon c
( e) Expense account, other allowances
Linhnet- neiA .-In-ac Inther than thnee innhiel a 1 on line 11_ IT none - enter " NUNt."
r v (a) Name and address of each employee paid more than $50,000
(b) Title and average hours p er week devoted to p osition
(c) Compensation
None
Total number of other employees paid over $50,000
1 U Form 990-PF (2006)
623551 01-29-07
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6 2006.05000 CARL & RUTH SHAPIRO FAMILY
FND
1
Form 990-PF (2006) CARL & RUTH SHAPIRO FAMILY FOUNDATION 04-6135027 Information About Officers, Directors , Trustees, Foundation Managers, Highly Paid Employees, and Contractors Continued 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
Page 7
(c) Compensation
(b) Type of service
None
^
Total number of others receivin g over $50,000 for p rofessional services
#
0
t IX-A I Summary of Direct Charitable Activities
List the foundation's four largest direct charitable activities during the tax year Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.
I
I
Expenses
N/A
Part JX-8 Summa ry of Pro ram - Related Investments Describe the two largest program - related investments made by the foundation during the tax year on lines 1 and 2.
Amount
N/A
1
2
All other program - related investments See instructions. 3
Total . Add lines 1 through 3
0.
Form 990-PF (2006)
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7 2006.05000 CARL & RUTH SHAPIRO FAMILY
FND
Form ?j90-PF ( 2006 ) Pat+i f
CARL
& RUTH SHAPIRO FAMILY FOUNDATION
b c d e 2
Average of monthly cash balances Fair market value of all other assets . . Total (add lines 1 a, b, and c) Reduction claimed for blockage or other factors reported on lines 1a and 1c (attach detailed explanation) Acquisition indebtedness applicable to line 1 assets
5 6 P
&
.
.
.
.. le
la
175682121.
1b 1C ld
40292846. 215974967 .
0 . .
. .
Subtract line 2 from line ld Cash deemed held for charitable activities . Enter 1 1 /2% of line 3 (for greater amount , see instructions ) Net value of noncharitable - use assets . Subtract line 4 from line 3 Enter here and on Part V, line 4 Minimum Investment return . Enter 5% of line 5
3 4
Page8
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations , see instructions.)
Fair market value of assets not used ( or held for use ) directly in carrying out charitable , etc , purposes* Average monthly fair market value of securities a
1
04-6135027
3
4 .
.
0
2
5
6
21597 4 9 6 7. 3239625 . 212735342 . 10636767 .
Distributable Amount (see instructions ) ( Section 4942 (i)(3) and (I)(5) private operating foundations and certain foreign organizations check here ^ 0 and do not complete this part )
Minimum investment return from Part X, line 6 1 2a Tax on investment income for 2006 from Part VI, line 5 b income tax for 2006 ( This does not include the tax from Part VI) c Add lines 2a and 2b Distributable amount before adjustments Subtract line 2c from line 1 3 .. Recoveries of amounts treated as qualifying distributions 4
1 .
.
2a 2b
10636767 .
598507 . 2c
5 9 8 5 0 7.
3
10038260 .
4
0
5
Add lines 3 and 4
5
10038260.
6 7
Deduction from distributable amount (see instructions) Distributable amount as adjusted Subtract line 6 from line 5 Enter here and on Part XIII , line 1
6 7
0 10038260 .
1a 1b
10392765.
Part Xl
Qualifying Distributions (see instructions)
Amounts paid ( including administrative expenses ) to accomplish charitable , etc , purposes' a Expenses , contributions , gifts, etc - total from Part I, column (d), line 26 b Program-related investments - total from Part IX-B 2 Amounts paid to acquire assets used ( or held for use ) directly in carrying out charitable, etc., purposes 3 Amounts set aside for specific charitable projects that satisfy the a Suitability test ( prior IRS approval required) .. b Cash distribution test (attach the required schedule) Part XIII, line 4 .. Part V, line and Enter here and on 8, 4 Qualifying distributions . Add lines 1 a through 3b on net investment for the reduced rate of tax Foundations that quality under section 4940 ( e) 5 income Enter 1 % of Part I, line 27b 6 Adjusted qualifying distributions . Subtract line 5 from line 4 . Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the 4940(e) reduction of tax in those years.
1
0
2 3a 3b 4
10392765.
598507. 5 9794258. 6 foundation qualifies for the section Form 990-PF (2006)
623571 01-29-07
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8 2006.05000 CARL & RUTH SHAPIRO FAMILY
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Form §90-PF (2006)
CARL & RUTH SHAPIRO FAMILY FOUNDATION
04-6135027
Page 9
Undistributed Income (see instructions)
#^art X111
1
Distributable amount for 2006 from Part XI, line?
2
Undistributed Income , If any , as of the end of 2005
( a)
(b)
(c)
(d)
Corpus
Years prior to 2005
2005
2006
10038260. 0.
a Enter amount for 2005 only b Total for prior years
0. 3 Excess distributions carryover , d any , to 2006:
1514910. 1054439.
a From 2001 bFrom2002 c From 2003
d From 2004 e From 2005 f Total of lines 3a through 111 4 Qualifying distributions for 2006 from
PartXll ,line4
10392765.
a Applied to 2005 , 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 2006 distributable amount e Remaining amount distributed out of corpus 5
2569349.
Excess distributions carryover applied to 2006 Of an amount appears In column (d), the same amount must be shown in column (a) )
0 0 0 10038260.
354505 0.
0
6 Enter the net total of each column as Indicated below: a corpus Add lines 3f, 4c, and 4e subtract line 5
2923854.
h Prior years ' undistributed income Subtract line 4b from line 2b
0
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
0
d Subtract line 6c from line 6b . Taxable
amount - see instructions
0
e Undistributed income for 2005 Subtract line 4a from line 2a . Taxable amount - see instr f Undistributed income for 2006 Subtract lines 4d and 5 from line 1 This amount must be distributed in 2007 7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170 ( b)(1)(E) or4942 ( g)(3) . 8
0
0
0 .
Excess distributions carryover from 2001
1514 910 .
not applied on line 5 or line 7 9 Excess distributions carryover to 2007. 10
Subtract lines 7 and 8 from line 6a Analysis of line 9.
a Excess from 2002
1408944 .
1054439.
b Excess from 2003 c Excess from 2004 d Excess from 2005
354505
e Excess from 2006
Form 990-PF (2006) 623581 01-29-07
9 12300507
788779
fnd
2006.05000 CARL & RUTH SHAPIRO FAMILY
FND
1
Form b90-PF ( 2006)
CARL & RUTH SHAP
04-6135027
FOUNDATION 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 2006, enter the date of the ruling b Check box to indicate whether the foundation is a p rivate o p erati foundation described Tax year 2 a Enter the lesser of the adjusted net (a) 2006 (b) 2005 income from Part I or the minimum
Page10
N/A
1110. 142(i1(3 ) or
0 4942(i)(5)
Prior 3 years (c) 2004
(d) 2003
( e) Total
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 in 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(I)(3)(B)(i) 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 in section 4942(l)(3)(8)(ui) (3) Largest amount of support from an exempt organization
Supplementary Information (Complete this part only if the foundation had $5,000 or more in assets at any time during the year-see page 28 of the instructions.)
Part X1f 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 it they have contributed more than $5 ,000) (See section 507(d)(2) )
See Statement 14 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 01 0 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 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 in 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
Form 990-PF (2006)
623601 /01-29- 07
12300507
788779 fnd
10 2006.05000 CARL & RUTH SHAPIRO FAMILY
FND
1
Form 990-PF ( 2006 ) 3
CARL
& RUTH SHAPIRO FAMILY FOUNDATION
Grants and Contributions Paid During the Year or ADoroved for Future Payment If recipient is an individual, Recipient Foundation show any relationship to status of any foundation manager Name and address (home or business ) recipient or substantial contributor
04-6135027
Purpose of grant or contribution
Pagell
Amount
a Paid during the year
SEE ATTACHED STATEMENT 416-
Total
10159785.
^ 3a
10159785.
b Approved for future payment
None
Total 623611m1-29-07
12300507 788779
^ 3b I
U .
Form 990-PF (2006)
fnd
11 2006.05000 CARL & RUTH SHAPIRO FAMILY
FND
1
CARL & RUTH SHAPIRO FAMILY FOUNDATION
FormW- PF(2006 ) Park X.f.A
04-6135027
Page12
Analysis of Income - Producing Activities
Enter g ross amounts unless otherwise indicated 1 Program service revenue
U111M U uusmess muuinv
(a) Business code
txcW aec o
(b) Amount
J.c „_ s ee
section D12
01J
Or 014
(e)
Related or exempt function income
( d) Amount
a b
c
d e f
g Fees and contracts from government agencies 2 Membership dues and assessments
3 Interest on savings and temporary cash investments 4 Dividends and interest from securities 5 Net rental income or (loss ) from real estate* a Debt-financed property
14 14
2123089. 6158625.
18
51597039.
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 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) 13 Total . Add line 12, columns ( b), (d), and (e) (See worksheet in line 13 instructions to verify calculations
Pad XVI,-B
0
.
59878753. i 13
Relationship of Activities to the Accomplishment of Exempt Purposes
623621 01-29-07
12300507
0. 5987 875 3 .
Form 990-PF (2006)
788779 fnd
12 2006.05000 CARL & RUTH SHAPIRO FAMILY
FND
1
04-6135027 CARL & RUTH SHAPIRO FAMILY FOUNDATION Form990-PF ( 2006) Information Regarding Transfers To and Transactions and Relationships With Noncharitable XNII #
Pag e 13
Yes No Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations? a Transfers from the reporting foundation to a nonchantable exempt organization of. X 1a (l ) (1) Cash X 1a 2 . . (2) Other assets b Othertransactions* X . .. lb ( l ) (1) Sales of assets to a noncharitable exempt organization X lb (2 ) (2) Purchases of assets from a nonchantable exempt organization X lb (3 ) (3) Rental of facilities, equipment, or other assets X 1b (4 ) . . (4) Reimbursement arrangements 1b (5 ) X (5) Loans or loan guarantees 1 b( 5) X . . (6) Performance of services or membership or fundraising solicitations 1 c X Sharing of facilities, equipment, mailing lists, other assets, or paid employees other assets, always show the fair market value of the goods, If the answer to any of the above is 'Yes,' complete the following schedule Column (b) should or services given by the reporting foundation If the foundation received less than fair market value in any transaction or sharing arrangement, show in
2a 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') the followin g schedule b If Yes . (b) Type of organization (a) Name of organization
Yes (c) Description of relationship
N/A
Under penalties of p end complete D
ry ec re that I e exa ined this retu parer (o / er than p6yerpy fiduc tton f
mpanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, ncluding ) Is based on all information of w)llch pfeparer has any knowle be
't^or trust
C_f
Preparer ' s .O 'L - E signature firm Ilse!
lo
,
addr= and ZIP c
623622 01-29-C
123005
ti^440 PARK AVEN UE SOUTH NEW YORK, N.Y . 10016
® No
Schedule B
Schedule of Contributors
(Form 990 , 990-EZ, or 990-PF) Department of the Treasury Internal Revenue Service
Supplementary Information for line 1 of Form 990, 990-EZ, and 990-PF (see instructions)
OMB No 1545-0047
2006
Name of organization
I Employer identification number
CARL & RUTH SHAPIRO FAMILY FOUNDATION
1
04-6135027
Organization type (check one): Filers of:
Section:
Form 990 or 990-EZ
= 501 (c)(
) (enter number) organization
4947(a)(1) nonexempt charitable trust not treated as a private foundation 527 political organization M 501(c)(3) exempt private foundation
Form 990-PF
0 4947(a)(1) nonexempt charitable trust treated as a private foundation 0 501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule. (Note : Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule-see instructions.) General RuleO For organizations filing Form 990 , 990•EZ , or 990 • PF that received, during the year, $5,000 or more (in money or property ) from any one contributor . (Complete Parts I and II.) Special RulesO For a section 501 (c)(3) organization filing Form 990 , or Form 990•EZ, that met the 33 1 /3% support test of the regulations under sections 509 (a)(1)/170(b)(1)(A)(v), and received from any one contributor, during the year, a contribution of the greater of $5,000 or 2% of the amount on line 1 of these forms . (Complete Parts I and II.) For a section 501 (c)(7), (8), or (10) organization filing Form 990 , or Form 990•EZ, that received from any one contributor, during the year, aggregate contributions or bequests of more than $ 1,000 for use exclusively for religious, charitable , scientific , literary , or educational purposes , or the prevention of cruelty to children or animals. (Complete Parts I , II, and III.) For a section 501 (c)(7), (8), or (10) organization filing Form 990 , or Form 990• EZ, that received from any one contributor, during the year, some contributions for use exclusively for religious, charitable , etc., purposes , but these contributions did not aggregate to more than $1,000 . ( If this box is checked , enter here the total contributions that were received during the year for an exclusively religious, charitable , etc., purpose . Do not complete any of the Parts unless the General Rule applies to this organization because it received nonexclusively religious , charitable , etc., contributions of $5,000 or more during the year.) ^ $ Caution : Organizations that are not covered by the General Rule and/or the Special Rules do not file Schedule B (Form 990, 990-EZ, or 990-PF), but they must check the box in the heading of their Form 990, Form 990-EZ, or on line 2 of their Form 990-PF, to certify that they do not meet the filing requirements of Schedule B (Form 990, 990-EZ, or 990-PF). LHA For Paperwork Reduction Act Notice, see the Instructions for Form 990, Form 990-EZ, and Form 990-PF.
Schedule 8 (Form 990 , 990-EZ , or 990-PF) (2006)
623451 01-18-07
12300507
788779 fnd
14 2006.05000 CARL & RUTH SHAPIRO FAMILY
FND
1
Schedule B (Form 990, 99
1 of
04-6135027
CARL & RUTH SHAPIRO FAMILY FOUNDATION Pad I
Contributors (See Specific Instructions.) (b) Name , address , and ZIP + 4
(a) No.
1
C/O ONE WASHINGTON STREET,
Payroll Noncash
STE.
202
(c) Aggregate contributions
C/O ONE WASHINGTON STREET,
STE.
202
(c) Aggregate contributions
SHAPIRO FAMILY TEN YEAR CHARITABLE LEAD STRUST STE.
202
$
4272328.
MA 02481 (c) Aggregate contributions
CARL SHAPIRO
PALM BEACH,
OX
Payroll Noncash
fl
(d) Type of contribution
1950000.
$
FL 3 3 4 8 0 (c) Aggregate contributions
RUTH SHAPIRO 2596000.
$
(d) Type of contribution
Payroll Noncash
(c) Aggregate contributions
(d) Type of contribution
CARL SHAPIRO
Person
2 NORTH BREAKERS ROW #45
Payroll Noncash
ni_IR_ m
788779 fnd
FL 3 3 4 8 0
Q ^X
(Complete Part II if there is a noncash contribution.)
FL 33480 (b) Name , address, and ZIP + 4
PALM BEACH,
0
Person
2 NORTH BREAKERS ROW #45 PALM BEACH,
Payroll Noncash
(Complete Part II if there is a noncash contribution.)
(b) Name, address , and ZIP + 4
(a) No.
Person
Person
2 NORTH BREAKERS ROW #45
(a) No.
(d) Type of contribution
(Complete Part II if there is a noncash contribution.)
(b) Name , address , and ZIP + 4
(a) No.
FT
(Complete Part II if there is a noncash contribution.)
C/O ONE WASHINGTON STREET,
12300507
6700998.
$
MA 02481 (b) Name , address, and ZIP + 4
6
(d) Type of contribution
Payroll Noncash
WELLESLEY,
OX
(Complete Part II if there Is a noncash contribution.)
Person
(a) No.
5
3104073.
SHAPIRO FAMILY FIVE YEAR CHARITABLE LEAD TRUST
WELLESLEY,
4
$
MA 02481 (b) Name, address , and ZIP + 4
3
(d) Type of contribution
Person
(a) No.
;7g4-;
(c) Aggregate contributions
SHAPIRO FAMILY FIFTEEN YEAR CHARITABLE LEAD TRUST
WELLESLEY,
2
2 of Part I
Employer identification number
Name of organization
$
10000000.
0
(Complete Part II if there is a noncash contribution Schedule B (Form 990 . 990-EZ . or 990 - PF) (20061
15 2006.05000 CARL & RUTH SHAPIRO FAMILY
FND
1
Schedile B (Form 990, 990-EZ. or 990-PF) (2006)
Pape
Name of organization
CARL & RUTH SHAPIRO FAMILY FOUNDATION Part t
2 of Part I
04-6135027
Contributors (See Specific Instructions.) (b) Name , address , and ZIP + 4
(a) No.
7
2 of
Employer Identification number
(c) Aggregate contributions
(d) Type of contribution
RUTH SHAPIRO
Person
OX
2 NORTH BREAKERS ROW #45
Payroll Noncash
Q 0
PALM BEACH, (a) No.
10000000.
$
(Complete Part II if there is a noncash contribution.)
FL 3 3 4 8 0 (b) Name , address , and ZIP + 4
(c) Aggregate contributions
(d) Type of contribution Person Payroll Noncash
$
El Q 0
(Complete Part II if there is a noncash contribution.) (a) No.
(b) Name , address , and ZIP + 4
(c) Aggregate contributions
(CO Type of contribution Person Payroll Noncash
$
El 0 Q
(Complete Part li if there is a noncash contribution.) (a) No.
(b) Name, address , and ZIP + 4
(c) Aggregate contributions
(d) Type of contribution Person Payroll Noncash
$
0 0 Q
(Complete Part II if there is a noncash contribution.)
(a) No.
(b) Name , address , and ZIP + 4
(c) Aggregate contributions
(CO Type of contribution Person Payroll Noncash
$
El El Q
(Complete Part II if there is a noncash contribution.)
(a) No.
(b) Name , address , and ZIP + 4
(c) Aggregate contributions
$
(d) Type of contribution Person Payroll Noncash
El Q El
(Complete Part II if there is a noncash contribution.; 623452 WAR-07
12300507 788779 fnd
Schedule B (Form 990 . 990-EZ . or 990 - PF) (2006)
16 2006.05000 CARL & RUTH SHAPIRO FAMILY
FND
1
Schedule B (Form 990, 990-EZ or
1 of
CARL & RUTH SHAPIRO FAMILY FOUNDATION Pad It
1 of Part ll
Employer identification number
Name of organization
04-6135027
Noncash Property (See Specific Instructions.) (c)
(a) No. from Part I
(b) Description of noncash property given
60,000 SHS COACH,
(CQ Date received
FMV (or estimate) (see instructions)
INC.
4 $ (a) No. from Part I
1950000.
09/12/06
(c) FMV (or estimate) (see instructions)
Description of noncash property given
Date received
40,000 SHS REYNOLDS AMERICA 5
$ (a) No. from Part I
Description of noncash property given
(a) No. from Part I
(b) Description of noncash property given
(a) No. from Part I
(b) Description of noncash property given
(a) No. from Part I
(c) FMV (or estimate) (see instructions)
09/12/06
Date received
(c) FMV (or estimate) (see instructions)
(d) Date received
(c) FMV (or estimate) (see instructions)
(d) Date received
(c) Description of noncash property given
623453 01_1 -o7
12300507 788779
2596000.
FMV (or estimate) (see instructions)
Date received
Schedule B (Form 990.990-EZ . or 990-PFI (20061
fnd
17 2006.05000 CARL & RUTH SHAPIRO FAMILY
FND
1
Continuation 04-6135027
CARL &.RUTH SHAPIRO FAMILY FOUNDATION IPatt IV I Capital Gains and Losses for Tax on Investment Income
( b How acquired (c) Date acquired nation - Pu rchase (mo , day , yr ) D - D onation
(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.
la 20 325,000 US TSY BILL DUE 8/2406 b c d e f
for 990-PF, 1 Pa g e
US T-BILL INTEREST INCL. IN BROKER'S GROSS PROCEE 60,000 SHS COACH , INC 40,000 SHS REYNOLDS AMERICAN , INC 56,000 SHS LIZ CLAIBORNE , INC. 50 000 SHS LIZ CLAIBORNE, INC.
g 6,000 SHS EMULUX CORP. h 59,200 SHS PROCTOR & GAMBLE i35,000 SHS GOOGLE 40,000 SHS GOOGLE
Part of
IV 3
( d) Date sold (mo , day, yr )
P
04/28/06 08/24/06
P D D P P
04/28/06 08/24/06 09/12/06 09/12/06 09/12/06 09/12/06 06/05/95 01/09/06 06/05/95 01/10/06
P P P
11/29/04 01/12/06 05/19/88 01/19/06 03/30/05 01/23/06
P
03/30/05 01/23/06
k44 , 000 SHS PEPSICO 1167,000 SHS TRANSOCEAN SEDCO
P P
08/29/95 01/24/06 01/23/06 02/03/06
m92 , 000 SHS ANALOG DEVICES n 95,000 SHS DIAMOND OFFSHORE DRILLING o 157 , 000 SHS BURLINGTON NORTHERN
P P P
01/23/06 02/06/06 01/23/06 02/07/06 01/23/06 02/14/06
(e) Gross sales price
a b c d e f h k 1 m n o
( Q Depreciation allowed (or allowable )
( h) Gain or (loss) (e) plus (f) minus (g)
( g) Cost or other basis plus expense of sale
19984150. 340850. 1984200. 2600000. 2003120. 1799000. 130140. 3473856.
19984150. 340850. 332850. 558000. 504000. 450000. 83460. 260643.
0. 0. 1651350. 2042000. 1499120. 1349000. 46680. 3213213.
14808850.
6312950.
8495900.
16924400. 2560800. 13711240. 3717000. 7835700. 12664090.
7204800. 914827. 13004410. 3470980. 7571500. 11152840.
9719600. 1645973. 706830. 246020. 264200. 1511250.
Complete only for assets showing gain in column ( h) and owned by the foundation on 12/31 /69 (I) F M V as of 12/31/69
(j) Adjusted basis as of 12/31/69
(I) Losses (from col (h)) Gains (excess of col (h) gain over col. (k), but not less than'-0- )
( k) Excess of col (i) over col. (1), rf any
a b
0. 0.
c d e f
1651350. 2042000. 1499120. 1349000. 46680. 3213213. 8495900. 9719600. 1645973. 706830. 246020. 264200. 1511250.
h
k 1 m n 0 2 Capital gain net income or ( net capital loss )
! If am, also enter in Part I, line 7 1 i If ?loss) , enter'-0- in Part I , line 7 1
3 Net short-term capital gain or ( loss) as defined in sections 1222(5) and (6)• If gain , also enter in Part I, line 8 , column (c) If (loss ), enter '-0- in Part I, line 8
2
3
623591 05-01-06
18 12300507
788779 fnd
2006.05000 CARL & RUTH SHAPIRO FAMILY
FND
Continuation 04-6135027
CARL &.RUTH SHAPIRO FAMILY FOUNDATION P It I Capital Gains and Losses for Tax on Investment Income
for 990-PF, 2 Pa g e
(b How acquired ( c) Date acquired (mo , day, yr ) D - Don tion
(a) List and describe the kind (s) of property sold, e g , real estate, 2-story buck warehouse ; or common stock , 200 shs MLC Co
1a 63,000 SHS CATERPILLAR TRACTOR
P
Part of
IV 3
( d) Date sold (mo, day, yr )
01/13/06 02/17/06
b 21 275,000 US T-BILL DUE 4/27/06
P
12/08/05 03/02/06
c 775,000 US T-BILL DUE 7/13/06
P
01/26/06 05/10/06
d 150,000 US T-BILL DUE 7/13/06
P
01/26/06 06/07/06
e 625,000 US T-BILL DUE 7/13/06 f 750,000 US T-BILL DUE 9/1406
P P
01/26/06 06/07/06 04/27/06 08/16/06
P P P P P P P P P
07/27/06 09/07/06 08/03/06 10/02/06 09/14/06 10/02/06 09/14/06 10/02/06 09/29/06 11/09/06 09/28/06 11/09/06 09/28/06 11/09/06 09/27/06 11/09/06 07/13/06 11/10/06
h k 1 m n o
1 , 525 , 000 US B-BILL DUE 12/21/06 39,225 000 US T-BILL DUE 1/4/07 1,400,000 US T-BILL DUE 2/8/07 26,500,000 US T-BILL DUE 2/8/07 80 000 SHS NORFOLD SO. CORP. 50,000 SHS NV IDIA CO RP. 85,0 00 SHS NVID IA CORP. 90 , 000 SHS OFFICE MAX 750 , 000 US T-BILL DUE 12/14/06 (f) Depreciation allowed (or allowable )
(e) Gross sales puce
( h) Gain or (loss) (e) plus (f) minus (g)
( g) Cost or other basis plus expense of sale
a b
4540410. 20929537.
3919860. 20942472.
620550. -12935.
c
758797.
759267.
-470.
d e f
146908. 612119. 735502. 1494672. 38413705. 1372463. 25978761. 4216000. 1800500. 3056650. 4472100. 733822.
146955. 612312. 736208. 1494058. 38391077. 1372224. 25974240. 3444000. 1449000. 2464650. 3585900. 733830.
-47. -193. -706. 614. 22628. 239. 4521. 772000. 351500. 592000. 886200. -8.
h k 1 m n o
Complete only for assets showing gain in column ( h) and owned by the foundation on 12/31/69 (1) Adjusted basis as of 12/31/69
(I) F M V as of 12/31/69
(I) Losses (from col (h)) Gains (excess of col (h) gain over col (k), but not less than'-0')
(k) Excess of col (i) over col (j), if any
a b C d e f
620550. -12935. -470. -47. -193. -706. 614. 22628. 239. 4521.
h
k
772000.
1 m n
351500. 592000. 886200.
o
-8-
2 Capital gain net income or (net capital loss )
If goe s)a lso enter in' PaPart Irt, l i ne 7 I , line 7 ^ If ( loss , enter'-0= in
3 Net short-term capital gain or ( loss) as defined in sections 1222(5) and (6) If gain, also enter in Part I, line 8, column (c) If (loss), enter '-0= in Part I, line 8
2
3
623591 05-01-06
19 12300507
788779
fnd
2006.05000 CARL & RUTH SHAPIRO FAMILY
FND
Continuation 04-6135027
CARL & RUTH SHAPIRO FAMILY FOUNDATION # IV Capital Gains and Losses for Tax on Investment Income
for 990-PF, Part Pa g e 3 of
( b How acquired ( c) Date acquired Purchase ( mo , day , yr ) D - Donation
(a) List and describe the kind ( s) of property sold, e g , real estate , 2-story buck warehouse ; or common stock , 200 shs MLC Co.
1a 85 000 SHS NUCOR CORP. 155,000 SHS AMR CORP. b_
IV 3
( d) Date sold (mo , day, yr.)
c 80,000 SHS ALLEGHENY TECH.
P P P
09/28/06 11/10/06 09/28/06 11/ 21/06 09/28/06 11/22 /06
d 170 , 000 SHS AMAZON.COM, e 135,000 SHS COACH, INC. f160 , 000 SHS EBAY , INC.
P P P
09/28/06 11/2 7/06 09/28/06 11/27/06 09/27/06 11/27/06
40,000 SHS GOLDMAN SACHS h12 , 000 SHS GOOGLE 1 130 , 000 SHS MASSEY ENERGY
P P P
09/28/06 11/27/06 09/28/06 11/27/06 10/04/06 11/27/06
92,000 SHS PEABODY ENERGY
INC.
P
09/28/06 11/27/06
k 30 000 SHS RESEARCH IN MOTION 175 , 000 SHS US STEEL CORP. m50,000 SHS YUM BRANDS
P P P
09/28/06 11/27/06 10/03/06 11/27/06 09/28/06 11/27/06
n41 , 000 SHS PEABODY ENERGY
P
09/28/06 11/27/06
0 ( f) Depreciation allowed (or allowable )
(e) Gross sales puce
( g) Cost or other basis plus expense of sale
( h) Gain or (loss) (e) plus (f) minus (g)
a b c d e f
5146750. 5165650. 6656800. 7220280. 5690360. 5317460.
4109550. 3617550. 4908800. 5373900. 4618200. 4287800.
1037200. 1548100. 1748000. 1846380. 1072160. 1029660.
8076000.
6760400.
1315600.
h
5994480. 3328200. 3912960. 4224000. 5568000. 3144000. 1742910.
4825440. 2540700. 3327360. 2557500. 4181250. 2626000. 1483390.
1169040. 787500. 585600. 1666500. 1386750. 518000. 259520.
k m n 0
Complete only for assets showing gain in column ( h) and owned by the foundation on 12/31/69 (I) F M V as of 12/31/69
(1) Adjusted basis as of 12 /31/69
(I) Losses (from col (h)) Gains (excess ( h) g a in0over col (k), but not less than
( k) Excess of col (i) over col (I), if any
1037200. 1548100. 1748000. 1846380. 1072160. 1029660. 1315600. 1169040.
a b C d e f h
787500.
585600. 1666500. 1386750. 518000. 259520.
k m n 0 2 Capital gain net income or ( net capital loss))
ain, also enter in Part I, line 7 If ?loss ) , enter'-0- in Part I , line 7
3 Net short-term capital gain or ( loss) as defined in sections 1222 ( 5) and (6): If gain, also enter in Part I, line 8 , column (c). If (loss), enter '-0- in Part I, line 8
2
3
51597039.
N/A
623591 05-01-06
20 12300507 788779
fnd
2006.05000 CARL & RUTH SHAPIRO FAMILY
FND
2006 DEPRECIATION AND AMORTIZATION REPORT
990-PF
Form 990-PF Page 1 As et No
Description
Date Acquired
Method
Life
Une . N
Unadjusted Cost Or Basis
Bus % Excl
Reduction In Basis
Basis For Depreciation
Accumulated Depreciation
Current Sec 179
Current Year Deduction
.00 17
8228.
8228.
0.
00
17
12 90 .
12 90 .
0 M
3 FURNITURE AND FIXTURES 12 15 02 00D
.00
17
13944.
13944.
0.
4 FURNITURE AND FIXTURES 1-2 15 2 00f
..00 17
4882.
1841.
01 12 03 00D
.00 17
31637.
31637.
0.
1 14 3 OG
..00 17
6036.
6036.
0.
.00 17
9000.
9000.
0.
.00 17
74454
7445.
0.
.00
17
7464.
7464.
0.
10FURNITURE AND FIXTURES 6 18 4 001
.00 17
5680.
5680.
0.
12 11 06 00D
.00 19
430.
I FURNITURE AND FIXTURES 12 15 02 00D FFICE
ME NT
EQUIP
5 FFICE RENOVATION 6 OFFICE EQUIPMENT
11 18
2
00t
7 FURNITURE AND FIXTURES 04 17 03 00D 8 SI
RE AND FIXTURE
2 4
00
9 FURNITURE AND FIXTURES 08 04 03 00D
11 EQUIPMENT
5
3041.
2417.
333.
22.
430.
Total 930-Pt' Pg I eipr
628102 07-28- 06
96036.
(D) - Asset disposed
21
92565.
34 7 1.
2417 .
04
355.
• ITC, Section 179, Salvage , Bonus , Commercial Revitalization Deduction , GO Zone
CARS, & RUTH SHAPIRO FAMILY FOUNDATION
Form 990-PF
04-6135027
Interest on Savings and Temporary Cash Investments
Source
Statement
1
Amount
BANK - INTEREST ON SAVINGS BANK - TEMPORARY CASH INVESTMENT BROKER - TEMPORARY CASH INVESTMENT
25506. 2096473. 1110.
Total to Form 990-PF, Part I, line 3, Column A
2123089.
Dividends and Interest from Securities
Form 990-PF
BANK BROKER BROKER BROKER BROKER
Capital Gains Dividends
Gross Amount
Source GOVT BONDS & T-BILLS - CORP DIVIDENDS - GOVT BONDS & T-BILLS - GOVT BONDS & T-BILLS - GOVT BONDS & T-BILLS
Total to Fm 990-PF, Part I,
Form 990-PF
In 4
Statement
Column (A) Amount
681500. 264521. 340850. 256500. 4615254.
0. 0. 0. 0. 0.
681500. 264521. 340850. 256500. 4615254.
6158625.
0.
6158625.
Statement
Legal Fees
Description
2
3
(a) Expenses
(b) Net Invest-
(c) Adjusted
(d) Charitable
Per Books
ment Income
Net Income
Purposes
LEGAL FEES
34089.
17044.
17045.
To Fm 990-PF, Pg 1, In 16a
34089.
17044.
17045.
12300507
788779
fnd
Statement(s) 1, 22 2006.05000 CARL & RUTH SHAPIRO FAMILY FND
2,
3 1
CAIL & RUTH SHAPIRO FAMILY FOUNDATION
Form 990-PF
Accounting Fees
Description
ACCOUNTING FEES To Form 990-PF, Pg 1,
04-6135027
In 16b
Form 990-PF
Statement
(a) Expenses
(b) Net Invest-
(c) Adjusted
(d) Charitable
Per Books
ment Income
Net Income
Purposes
11000.
11000.
0.
11000.
11000.
0.
Other Professional Fees
Description
4
Statement
5
(a) Expenses
(b) Net Invest-
(c) Adjusted
(d) Charitable
Per Books
ment Income
Net Income
Purposes
PROFESSIONAL CONSULTANTS WEBSITE DEVELOPMENT
6491. 10380.
0. 0.
6491. 10380.
To Form 990-PF, Pg 1,
16871.
0.
16871.
In 16c
Form 990-PF
Taxes
Description
Statement
(a)
(b)
Expenses Per Books
Net Investment Income
(c) Adjusted Net Income
6
(d) Charitable Purposes
ANNUAL FRANCHISE TAX PAYROLL TAXES FEDERAL INCOME TAX STATE UNEMPLOYMENT TAXES
25. 8969. 647879. 2278.
0. 0. 0. 0.
0. 8969. 0. 2278.
To Form 990-PF, Pg 1,
659151.
0.
11247.
12300507 788779 fnd
In 18
23 Statement(s) 4, 5, 6 2006.05000 CARL & RUTH SHAPIRO FAMILY FND 1
04-6135027
CARL & RUTH SHAPIRO FAMILY FOUNDATION
(a) Expenses Per Books
Description ANNUAL FEES TELEPHONE/INTERNET BUSINESS INSURANCE MISCELLANEOUS EXPENSES COMPUTER SOFTWARE CHARGES OFFICE SUPPLIES CORPORATE SERVICES PAYROLL SERVICE FEE POSTAGE/SHIPPING WORKERS' COMP. INSURANCE SUBSCRIPTIONS
To Form 990-PF, Pg 1,
Form 990-PF
In 23
(b) Net Investment Income
(d) Charitable
Net Income
Purposes
500. 1829. 2414. 2562. 1512. 2585. 309. 1728. 729. 379. 230.
0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0.
0. 1829. 2414. 3002. 1512. 2585.
14777.
0.
14717.
U.S. Gov't
Other Gov't
X X
US TREASURY BILLS FEDERAL HOME LOAN BANK NOTES
7
(c) Adjusted
309. 1728. 729. 379. 230.
Statement
U.S. and State/City Government Obligations
Description
Total U.S.
Statement
Other Expenses
Form 990-PF
Government Obligations
8
Fair Market Value
Book Value 163831009. 39523080.
165180987. 39312599.
203354089.
204493586.
203354089.
204493586.
Total State and Municipal Government Obligations Total to Form 990-PF, Part II,
Form 990-PF
line 10a
COMMON & PREFERRED STOCKS
Total to Form 990-PF, Part II,
12300507 788779 fnd
Fair Market Value
Book Value
Description
line 10b
9
Statement
Corporate Stock
0.
0.
0.
0.
Statement (s) 7, 24 2006.05000 CARL & RUTH SHAPIRO FAMILY FND
8,
9 1
CARS, & RUTH SHAPIRO FAMILY FOUNDATION
Form 990-PF
04-6135027
Depreciation of Assets Not Held for Investment Cost or
Description
Other Basis
FURNITURE AND FIXTURES OFFICE EQUIPMENT FURNITURE AND FIXTURES FURNITURE AND FIXTURES OFFICE RENOVATION OFFICE EQUIPMENT FURNITURE AND FIXTURES FURNITURE AND FIXTURES FURNITURE AND FIXTURES FURNITURE AND FIXTURES EQUIPMENT
Total To Fm 990-PF, Part II,
In 14
Form 990-PF
Statement
10
Accumulated Depreciation
Book Value
8228. 1290. 13944. 4882. 31637. 6036. 9000. 7445. 7464. 5680. 430.
8228. 1290. 13944. 4591. 31637. 6036. 9000. 7445. 7464. 5680. 22.
0. 0. 0. 291. 0. 0. 0. 0. 0. 0. 408.
96036.
95337.
699.
Other Assets
Statement
11
Fair Market
Book Value
Description
Value
CONSTRUCTION IN PROGRESS ACCRUED INTEREST PAID ON BOND ACQUISITION
25000.
25000.
55800.
55800.
Total to Form 990-PF,
80800.
80800.
Part II, line 15
Form 990-PF
Other Liabilities
Description
Statement
Amount
0.
PAYROLL TAXES - WITHHELD Total to Form 990-PF,
12300507 788779 fnd
12
Part II,
line 22,
Column B
25 Statement(s) 10, 11, 2006.05000 CARL & RUTH SHAPIRO FAMILY FND
0.
12 1
04-6135027
CARL & RUTH SHAPIRO FAMILY FOUNDATION
Form 990-PF
Statement
Part VIII - List of Officers, Directors Trustees and Foundation Managers
Name and Address
Title and Avrg Hrs/Wk
Employee Ben Plan Expense Contrib Account
Compensation
CARL SHAPIRO 2 N. BREAKERS ROW PALM BEACH, FL 33480
CHAIRMAN
RUTH SHAPIRO 2 N. BREAKERS ROW PALM BEACH, FL 33480
SECRETARY & TREAS.
RHONDA ZINNER c/o 399 BOYLSTON STREET BOSTON, MA 02116
13
0.
0.
0.
0.
0.
PRESIDENT 20.00
0.
0.
0.
ELLEN JAFFE c/o 399 BOYLSTON STREET BOSTON, MA 02116
TRUSTEE 4.00
0.
0.
0.
LINDA WAINTRUP c/o 399 BOYLSTON STREET BOSTON, MA 02116
TRUSTEE 4.00
0.
0.
0.
JEAN S. WHITNEY 112 WOODRIDGE ROAD WAYLAND, MA 01778
PROGRAM DIRECTOR 32.00
75248.
10855.
0.
75248.
10855.
0.
20.00
4.00
Totals included on 990-PF, Page 6, Part VIII
Form 990-PF
Part XV - Line la List of Foundation Managers
0.
& TRSTE
Statement
14
Name of Manager CARL SHAPIRO RUTH SHAPIRO
12300507 788779 fnd
Statement(s) 13, 26 2006.05000 CARL & RUTH SHAPIRO FAMILY FND
14 1
• .
04- 613soa1 FArnwY FoKN-bR11OrJ R^^cH SNPP1^Ro
S1ATt-^^
Status
Relationshi p
Prog ram Area
AccesSport America
Public Charity
None
Human Services
Project Support
$40,000
American Cancer Society
Public Charity
None
Health
Operating Support
$25,000
Amer. Friends of the Israel Phil. Orchest ra
Public Charity
None
Jewish Interests
Operating Support
$5,000
American Friends of Livnot U' lehibanot
Public Charity
None
Jewish Interests
Operating Support
$1,000
American Friends of the Israel Museum
Public Charity
None
Jewish Interests
Operating Support
$20,000
Amer. Friends of Weizmann Inst. of Sci .
Public Charity
None
Jewish Interests
Operating Support
$10,000
American Heart Association
Public Charity
None
Health
Operating Support
$10,000
American Jewish Committee
Public Charity
None
Jewish Interests
Operating Support
$20,000
American Society for the Technion
Public Charity
None
Jewish Interests
Operating Support
$25,000
Anti-Defamation League
Public Charity
None
Jewish Interests
Operating Support
$100,000
ARMDI
Public Charity
None
Jewish Interests
Operating Support
$25,000
Artists for Humanity
Public Charity
None
Arts & Culture
Project Support
$25,000
Associated Grant Makers
Public Charity
None
Other
Membership
$7,800
Associated Grant Makers
Public Charity
None
Other
Project Support
$20,000
Association of Small Foundations
Public Charity
None
Other
Membership
Autism Speaks
Public Charity
None
Health
Operating Support
$50,000
BalletRox
Public Charity
None
Arts & Culture
Project Support
$18,000
Belmont Hill School
Public Charity
None
Education
Operating Support
$2,500
Beth Israel Deaconess Medical Center
Public Charity
None
Health
Capital
$700,000
Beth Israel Deaconess Medical Center
Public Charity
None
Health
Operating Support
$31,000
BOSTnet
Public Charity
None
Human Services
Project Support
$40,000
Boston Ballet
Public Charity
None
Arts & Culture
Operating Support
$40,000
Boston Center for Independent Living
Public Charity
None
Human Services
Project Support
$20,000
Boston Chinatown Neighborhood Ctr
Public Charity
None
Human Services
Project Support
$25,000
The Boston Foundation
Public Charity
None
Human Services
Project Support
$10,000
Reci lent Name
Purpose of Grant
ISM PA4E Amount
$450
Oy- b13SoJ.-I CfMML
S?P1tjvENT -#If) P,4 6E 3,
R iii CRAP1R,O F Am%Lt RKn+bAmOO
Reci p ient Name
Status
Relationshi
Program Area
Pur p ose of Grant
Amount
Boston Medical Center
Public Charity
None
Health
Project Support
$25,000
Boston Symphony Orchestra
Public Charity
None
Arts & Culture
Operating Support
$45,000
Boys and Girls Clubs of Boston
Public Charity
None
Human Services
Project Support
$15,000
Brain Tumor Society
Public Charity
None
Health
Project Support
$10,000
Brandeis University
Public Charity
None
Education
Project Support
$51,500
Brandeis University
Public Charity
None
Education
Capital
$2,500,000
Brandeis University
Public Charity
None
Education
Capital
$350,000
Breast Cancer Research Foundation
Public Charity
None
Health
Operating Support
$11,500
Brigham & Women 's Hospital
Public Charity
None
Health
Capital
$1,600,000
Brigham & Women's Hospital
Public Charity
None
Health
Capital
$300,000
Brigham & Women 's Hospital
Public Charity
None
Health
Project Support
$574,000
Brimmer & May School
Public Charity
None
Education
Operating Support
$51,000
The Carroll Center for the Blind
Public Charity
None
Education
Project Support
$25,000
The Center for Teen Empowerment
Public Charity
None
Human Services
Project Support
$25,000
Chapel Hill Chauncy Hall School
Public Charity
None
Education
Operating Support
$5,000
Children 's Hospital
Public Charity
None
Health
Capital
$250,000
CityStage Co.
Public Charity
None
Arts & Culture
Project Support
$10,000
Clarke School for the Deaf
Public Charity
None
Human Services
Project Support
$15,000
Col. Daniel Marr Boys and Girls Club
Public Charity
None
Human Services
Operating Support
$500
Combined Jewish Philanthropies
Public Charity
None
Jewish Interests
Operating Support
$317,600
Community Art Center
Public Charity
None
Arts & Culture
Project Support
$15,000
Community Music Center
Public Charity
None
Arts & Culture
Project Support
$20,000
Community Rowing
Public Charity
None
Human Services
Project Support
$25,000
Cystic Fibrosis Foundation
Public Charity
None
Health
Operating Support
$10,000
D.E.A.F . Inc.
Public Charity
None
Human Services
Project Support
$40,000
•
' • 1QL & P, 11A
dy-6t3so17 SNAPIQo Farwt.Y FWA.00ATton1
Reci lent Name
Status
S7A7V-MEHT Relationshi
Program Area
Purp ose of Grant
I6- ,PnGE3 Amount
Dana Farber Cancer Institute
Public Charity
None
Health
Operating Support
$125,000
Facing History and Ourselves
Public Charity
None
Education
Operating Support
$25,000
Fed. Dorchester Neighborhood Houses
Public Charity
None
Arts & Culture
Project Support
$10,000
The Food Project
Public Charity
None
Human Services
Project Support
$35,000
Friends of the Boston Public Garden
Public Charity
None
Other
Operating Support
$2,500
Friends of the William E. Carter School
Public Charity
None
Education
Project Support
$35,000
Gift of Life Bone Marrow Foundation
Public Charity
None
Health
Operating Support
$35,000
Grantmakers in the Arts
Public Charity
None
Arts & Culture
Operating Support
$5,000
Hadassah
Public Charity
None
Jewish Interests
Project Support
$10,000
Handel and Haydn Society
Public Charity
None
Arts & Culture
Operating Support
$2,500
Harvard Graduate School of Education
Public Charity
None
Education
Operating Support
$2,500
Hebrew Senior Life
Public Charity
None
Jewish Interests
Project Support
$42,200
Hospice Foundation of PB County
Public Charity
None
Health
Project Support
$25,000
Huntington Theater Company
Public Charity
None
Arts & Culture
Project Support
$43,000
Huntington Theater Company
Public Charity
None
Arts & Culture
Capital
$25,000
Hyde Square Task Force
Public Charity
None
Arts & Culture
Project Support
$12,500
Inquilinos Boricuas en Action
Public Charity
None
Arts & Culture
Project Support
$15,000
Institute of Contemporary Art
Public Charity
None
Arts & Culture
Project Support
$15,000
Interfaithfamily .com
Public Charity
None
Jewish Interests
Operating Support
$2,500
Jewish Big Brother & Big Sister Assoc .
Public Charity
None
Jewish Interests
Project Support
$20,000
Jewish Comm. Ctrs of Greater Boston
Public Charity
None
Jewish Interests
Project Support
$30,000
Jewish Family and Children ' s Services
Public Charity
None
Jewish Interests
Operating Support
$30,000
Jewish Federation of PB County
Public Charity
None
Jewish Interests
Operating Support
$113,500
Jewish Guild for the Blind
Public Charity
None
Jewish Interests
Project Support
$5,000
o4-LI3So^7
• FAr+LL'/ F • C.AkL. I Rum SAp pltin Reci lent Name
DA'T1b0 Status
ST) TFMENT4/S PAG£ q Relationshi
Pro g ram Area
Pur p ose of Grant
Amount
Jewish Home for the Aged
Public Charity
None
Jewish Interests
Capital
$200,000
Jewish Home for the Aged
Public Charity
None
Jewish Interests
Project Support
$10,000
Jewish Theology Seminary
Public Charity
None
Jewish Interests
Operating Support
$3,600
Jewish Vocational Services
Public Charity
None
Jewish Interests
Project Support
$25,000
JFK Center for the Performing Arts
Public Charity
None
Arts & Culture
Operating Support
$25,000
Joslin Clinic
Public Charity
None
Health
Project Support
$50,000
Judge Baker Children 's Center
Public Charity
None
Human Services
Operating Support
$5,000
Kid's Wish Network
Public Charity
None
Human Services
Operating Support
$35
Kravis Center for Performing Arts
Public Charity
None
Arts & Culture
Capital
$300,000
Kravis Center for Performin g Arts
Public Charity
None
Arts & Culture
Operating Support
$30,000
Lafayette College
Public Charity
None
Education
Operating Support
$1,500
Leukemia and Lymphoma Society
Public Charity
None
Health
Operating Support
$22,500
Lymphoma Research Foundation
Public Charity
None
Health
Operating Support
$100,000
Lynne Cohen Fdn for Ovarian Cancer
Public Charity
None
Health
Operating Support
$1,500
MAB Community Services
Public Charity
None
Human Services
Project Support
$25,000
MassINC
Public Charity
None
Other
Operating Support
$5,000
Mujeres Unidas en Accion
Public Charity
None
Human Services
Project Support
$25,000
Muscular Dystrophy Association
Public Charity
None
Health
Operating Support
$10,000
Museum of Fine Arts
Public Charity
None
Arts & Culture
Project Support
$60,000
Nat. Center for Family Philanthropy
Public Charity
None
Other
Membership
$1,000
Nat. Council on Spinal Cord Injury
Public Charity
None
Health
Operating Support
$5,000
New England Eye Institute
Public Charity
None
Health
Project Support
$35,000
Norton Museum of Art
Public Charity
None
Arts & Culture
Capital
$100,000
Norton Museum of Art
Public Charity
None
Arts & Culture
Operating Support
$105,000
NYU Hospitals Center
Public Charity
None
Health
Project Support
$19,500
O^{^ 61350 1 ^R^& R^,^^yp $^AP1Rso ^AtrALy
Reci p ient Name
Fo-NppTlbt-)
S714l ) ENT * 15 , PAGE S
Status
Relationshi
Program Area
Pur p ose of Grant
ODWIN Learning Center
Public Charity
None
Education
Project Support
$25,000
One Family , Inc.
Public Charity
None
Human Services
Project Support
$35,000
Outdoor Explorations
Public Charity
None
Human Services
Project Support
$20,000
PB Community Chest United Way
Public Charity
None
Human Services
Operating Support
$107,000
Palm Beach Country Club Foundation
Public Charity
None
Arts & Culture
Operating Support
$4,000
PB County Assoc . for Retarded Citizens
Public Charity
None
Human Services
Project Support
$20,000
Palm Healthcare Foundation
Public Charity
None
Health
Operating Support
$5,000
Park School
Public Charity
None
Education
Operating Support
$42,500
Partners For Youth With Disabilities
Public Charity
None
Human Services
Project Support
$25,000
Piers Park Sailing
Public Charity
None
Human Services
Project Support
$25,000
Planned Parenthood
Public Charity
None
Health
Operating Support
$30,000
Preservation Society
Public Charity
None
Arts & Culture
Operating Support
$10,000
Project Hope
Public Charity
None
Human Services
Project Support
$30,000
Project STEP
Public Charity
None
Arts & Culture
Project Support
$12,500
Rehab Center for Children & Adults
Public Charity
None
Human Services
Operating Support
$10,000
Richard David Kann Melanoma Fdn
Public Charity
None
Health
Operating Support
$10,000
The Rivers School
Public Charity
None
Education
Operating Support
$3,000
Ronald McDonald House Charities
Public Charity
None
Human Services
Operating Support
$500
Sarah Lawrence College
Public Charity
None
Education
Operating Support
$5,000
Simon Wiesenthal Center
Public Charity
None
Jewish Interests
Operating Support
$10,000
Sippican Land Trust
Public Charity
None
Other
Operating Support
$20,000
Social Change Innovators
Public Charity
None
Human Services
Operating Support
$5,000
Society of Four Arts
Public Charity
None
Arts & Culture
Operating Support
$2,500
Spaulding Rehabilitation Hospital
Public Charity
None
Health
Operating Support
$2,500
Temple Israel
Public Charity
None
Jewish Interests
Operating Support
$3,600
Amount
o9 - 6 13S-,D),-7
• {LL
W SMAPIM FAMI-y r-0"bAT1cN
ST^Tn1ENT
-if P19GE
Status
Relationshi p
Pro g ram Area
Pur p ose of Grant
Tenacity
Public Charity
None
Human Services
Project Support
$35,000
TERC
Public Charity
None
Human Services
Project Support
$30,000
Thompson Island Outward Bound
Public Charity
None
Human Services
Project Support
$25,000
Trinity College
Public Charity
None
Education
Operating Support
$25,000
United South End Settlements
Public Charity
None
Arts & Culture
Project Support
$22,500
US Holocaust Memorial Museum
Public Charity
None
Jewish Interests
Project Support
$25,000
United Way of MA Bay
Public Charity
None
Human Services
Project Support
$10,000
University of Pennsylvania
Public Charity
None
Education
Operating Support
$2,500
Urban Improv
Public Charity
None
Arts & Culture
Project Support
$10,000
Vinfen Corporation
Public Charity
None
Human Services
Project Support
$25,000
VSA Arts of MA
Public Charity
None
Human Services
Project Support
$25,000
Wang Center
Public Charity
None
Arts & Culture
Project Support
$32,000
Wellesley College
Public Charity
None
Education
Operating Support
$5,000
Winsor School
Public Charity
None
Education
Operating Support
$5,000
Women 's Lunch Place
Public Charity
None
Human Services
Operating Support
$2,000
Zumix
Public Charity
None
Arts & Culture
Project Support
Reci lent Name
Total N umber of Organizations
Amount
$25,000 $10 ,159,785 130
Form'm0 Department of the Treasury Internal Revenue Service
^ See separate Instructions. 10, Attach to the corporation's tax return .
Form
2006
9 9 0 -PF
Employer identification number 04-6135027
Name CARL
OMB No 1545-0142
Underpayment of Estimated Tax by Corporations & RUTH SHAPIRO FAMILY FOUNDATION
Note: Generally, the corporation is not required to file Form 2220 (see Part II below for exceptions) because the IRS will figure any penalty owed and bill the corporation However, the corporation may still use Form 2220 to figure the penalty If so, enter the amount from page 2, line 34 on the estimated tax penalty line of the corporation's income tax return, but do not attach Form 2220
Required Annual Payment
Part !
1
Total tax (see instructions)
1
2a
2 a Personal holding company tax (Schedule PH (Form 1120), line 26) included on line 1 b Look-back interest included on line 1 under section 460(b)(2) for completed long-term contracts or of section 167(g) for depreciation under the income forecast method
2b
2c . . c Credit for Federal tax paid on fuels (see instructions) d Total . Add lines 2a through 2c 3 Subtract line 2d from line 1 If the result is less than $500, do not complete or file this form. The corporation
2d
..
does not owe the penalty 4 Enter the tax shown on the corporation's 2005 income tax return (see instructions) Caution : If the tax Is zero
3
Required annual payment . Enter the smaller of line 3 or line 4. If the corporation is required to skip line 4, 5 enter the amount from line 3 must file Form 2220 are checked, the corporation boxes below that apply. If any boxes Reasons for Filing - Check the Part 11 even if it does not owe a penalty (see instructions).
r,98507
The corporation is using the adjusted seasonal installment method The corporation is using the annualized income installment method
6 7 8
598507.
4
or the tax year was for less than 12 months , skip this line and enter the amount from line 3 on line 5 5
598507.
first re q uired installment based on the p rior year's tax
0 The co rp oration is a 'larcorp oration' fi g urin g 104xr* 111 Vin,,rinn t hn I Inrlnrn 1umont
9
10
11
Installment due dates . Enter in columns (a) through (d) the 15th day of the 4th ( Form 990 - PF fliers: Use 5th month ), 9th , and 12th months of the corporation ' s tax ytea Required Installments . If the box on line 6 and /or line 7 above is checked , enter the amounts from Sch A , line 38 If the box on line 8 (but not 6 or 7) is checked, see instructions for the amounts to enter If none of these boxes are checked, enter 25% of line 5 above in each col Special rules apply to corporations with assets of $ 1 billion or more ( see Instr) Estimated tax paid or credited for each period (see instructions ) For column (a) only , enter the amount
from line 11 on line 15
12 13 14 15 16 17
18
Complete lines 12 through 18 of one column before going to the next column. Enter amount , if any, from line 18 of the preceding column Add lines 11 and 12 Add amounts on lines 16 and 17 of the preceding column Subtract line 14 from line 13 . If zero or less , enter -0-
9
(a)
(b)
05/15/06
06/15/06
10
149627.
149627.
11
191000.
191000.
41373. 13 .232373. 12
09/15/06
149626.
12/15/06
149627. 220000 .
82746. 82746.
220000.
82 746
15 312 0 .
6 6 880.
14 15
If the amount on line 15 Is zero, subtract line 13 from line 14 Otherwise , enter -0-
2 32 37 3 . 0
Underpayment . If line 15 is less than or equal to line 10, subtract line 15 from line 10. Then go to line 12 of the next column . Otherwise , go to line 18 . .
d
c
17
0
66880
Overpayment . If line 10 Is less than line 15, subtract line 10 82 746 . 18 from line 15 Then g o to line 12 of the next column Go to Part IV on page 2 to figure the penalty Do not go to Part IV if there are no entries on line 17 - no penalty is owed.
JWA 612801
For Paperwork Reduction Act Notice , see separate Instructions .
Form 2220 (2006)
01-15-07
12300507
788779 fnd
27 2006.05000 CARL & RUTH SHAPIRO FAMILY
FND
1
Form 990-PF Form MO ( 2006 ) Pert 13f
CARL
& RUTH
SHAPIRO FAMILY FOUNDATION
Page 2
Figuring the Penalty
19 Enter the date of payment or the 15th day of the 3rd month after the close of the tax year, whichever is earlier (see instructions ). (Form 990 - PF and Form 990-T filers : Use 5th month instead of 3rd month.) 20
04-6135027
19
Number of days from due date of Installment on line 9 to the date shown on line 19
21
Number of days on line 20 after 4/1 512 006 and before 7/1/2006
22
Underpayment on line 17 x Number of days on line 21 x 7% 365
23
Number of days on line 20 after 6/30/2006 and before 4/1/2007
24
Underpayment on line 17 x Number of days on line 23 x 8% 365
25
Number of days online 20 after 3/31/2007 and before 7/1/2007
26
Underpayment on line 17 x Number of days on line 25 X'% 365
27
Number of days on line 20 after 6/30/2007 and before 10/1/2007
28
Underpayment on line 17 x Number of days on line 27 x 365
29
Number of days on line 20 after 9/30/2007 and before 1/1/2008
30
Underpayment on line 17 x Number of days on line 29 x 365
31
Number of days on line 20 after 12/31/2007 and before 2/16/2008
32
Underpayment on line 17 x Number of days on line 31 x •% 366
33
Add lines 22, 24, 26, 28, 30, end 32
20
Seel Attached Worksheet
34 Penalty . Add columns (a) through (d), of line 33 . Enter the total here and on Form 1120, line 33,
1275. * For underpayments paid after March 31, 2007: For lines 26, 28, 30, and 32, use the penalty interest rate for each calendar quarter, which the IRS will determine during the first month in the preceding quarter. These rates are published quarterly in an IRS News Release and in a revenue ruling in the Internal Revenue Bulletin To obtain this information on the Internet, access the IRS website at www.irs .gov. You can also call 1-800-829-4933 to get interest rate information.
Form 2220 (2006)
JWA
612802 01-15-07
12300507 788779 fnd
28 2006.05000 CARL & RUTH SHAPIRO FAMILY
FND
1
Form 990-PF UNDERPAYMENT OF ESTIMATED TAX WORKSHEET
Identifying Number
Name ( s)
04-6135027
CARL & RUTH SHAPIRO FAMILY FOUNDATION (A)
(B)
NDate
Amount
(C) Adjusted Balance Due
(D ) Number Days Balance Due
( E) Daily Penalty Rate
(F) Penalty
-0-
05/15/06
149627.
149627.
05/15/06
-191000.
-41373.
06/12/06
-191000.
-232373.
06/15/06
149627.
-82746.
09/15/06
149626.
66880.
12/11/06
-220000.
-153120.
12/15/06
149627.
-3493.
87
1275.
.000219178
1275.
Penalty Due ( Sum of Column F) • Date of estimated tax payment, withholding credit date or installment due date 612511 05-01-06
29 12300507
788779 fnd
2006.05000 CARL & RUTH SHAPIRO FAMILY
FND
OMB No 1545-0172
For4562
Depreciation and Amortization
990-PF
2006
(Including Information on Listed Property)
Department of the Treasury Internal Revenue Service Name (s) shown on return
^ See separate instructions.
Attachment Sequence No 67 Identifying number
^ Attach to your tax return. Business or activity to which this form relates
CARL & RUTH SHAPIRO FAMILY FOUNDATION
orm 990-PF Page 1
)4-6135027 >mplete Part / 108000.
11 Election To Expense Certain Property Under Section 179 Note : If you have an v fisted property. complete Part V before Maximum amount. See the instructions for a higher limit for certain businesses 2 Total cost of section 179 property placed in service (see instructions) Threshold cost of section 179 property before reduction in limitation 4 Reduction in limitation. Subtract line 3 from line 2. If zero or less, enter -0Dollar limitation for tax year Subtract line 4 from line 1 If zero or less, enter -0- If married filing separately , see Instructions 5
IP 1 2 3 4 5
(a) Description of property
6
(b) cost (business use only)
430000.
(c) Elected cost
7 Listed property. Enter the amount from line 29 _ 1 7 1 8 Total elected cost of section 179 property. Add amounts in column (c), lines 6 and 7 9 Tentative deduction. Enter the smaller of line 5 or line 8 10 Carryover of disallowed deduction from line 13 of your 2005 Form 4562 11 Business income limitation. Enter the smaller of business income (not less than zero) or line 5 12 Section 179 expense deduction. Add lines 9 and 10, but do not enter more than line 11 13 Carryover of disallowed deduction to 2007. Add lines 9 and 10, less line 12 ^ 13 Note : Do not use Part ll or Part 111 below for listed property. Instead, use Part V.
9
Part It I Special Depreciation Allowance and Other Depreciation (Do not include listed propel 14 Special allowance for qualified New York Liberty or Gulf Opportunity Zone property (other than listed property) placed in service during the tax year . 15 Property subject to section 168(f)(1) election 18 Other deorectatlon (including ACRS) cart HII I MACRS Depreciation (Do not include listed property.) (See Instructions.) Section A 17 MACRS deductions for assets placed in service in tax years beginning before 2006
.
18 If you are electing to group any assets placed in service during the tax year Into one or more general asset accounts , check here
333.
17 ^
Section B - Assets Placed in Service During 2006 Tax Year Using the General Depreciation System (a) Classification of property
19a c
h i
(b) Month and year placed in service
3-year property 5-year p ro p ert y 7-year propert y 10 O -year property
(c) Basis for depreciation (buslnesslnvestment use only - see Instructions)
(d) Recovery pe ri od
430. 5 Yrs.
(f) Method
MQ
200DB
(g) Depreciation deduction
22.
S/L MM S/L MM S/L MM 39 yrs. / Nonresidential real property / MM S/L Section C - Assets Placed in Service During 2006 Tax Year Using the Alternative Depreciation System Residential rental property
27.5 yrs. 27.5 yrs.
/ /
20a b c
Class life 12 ear 12 yrs. 40-year 40 yrs. I partly I Summary (see instructions) 21 Listed property. Enter amount from line 28 22 Total . Add amounts from line 12, lines 14 through 17, lines 19 and 20 in column (g), and line 21. Enter here and on the appropriate lines of your return. Partnerships and S corporations - see ins 23 For assets shown above and placed in service during the current year, enter the portion of the basis attributable to section 263A costs 23 e10-17-06
( e) Convention
MM
S/L S/L S/L
LHA For Paperwork Reduction Act Notice , see separate instructions.
12300507 788779 fnd
30 2006.05000 CARL & RUTH SHAPIRO FAMILY
355.
Form 4562 (2006)
FND
1
Forrri 4562 (2006) CARL & RUTH S HAP I RO FAMILY FOUNDATION 04-6135027 Page 2 r Listed Property (Include automobiles, certain other vehicles, cellular telephones, certain computers, and property used for entertainment, recreation, or amusement.) Note: For any vehicle for which you are using the standard mileage rate or deducting lease expense, complete only 24a, 24b, columns (a) through (c) of Section A, all of Section B, and Section C if applicable. Section A - Depreciation and Other Information (Caution : See the instructions for limits for passenger automobiles.) zga
UU
UU IIAVe UVIUYIIGM LU SUFI
(a) Type of property (list vehicles first)
Ull the UUSlli bb/IIIVCbthhlClll use l:Io1111Bu I
(b) Date placed in service
(c) Business/ investment use percentage
(CO Cost or other basis
L_.l Tes
Z40 IT - T es - is Tne evide nce wnrten"r L
II NO
(e)
(0 Recovery period
Basis for depredation (business/investment use only)
(9) Method/ Convention
25 Special allowance for qualified New York Liberty or Gulf Opportunity Zone property placed in service during the tax year and used more than 50% in a q ualified business use
(h) Depreciation deduction
J Yes I_-_J No
(1) Elected section 179
cost
25
27 Prooertv u S/L S/L
% 28 Add amounts in column (h), lines 25 through 27. Enter here and on line 21, page 1 29 Add amounts in column (i), line 26. Enter here and on line 7, page 1
28
29 Section B - Information on Use of Vehicles Complete this section for vehicles used by a sole proprietor, partner, or other more than 5% owner," or related person. If you provided vehicles to your employees, first answer the questions in Section C to see if you meet an exception to completing this section for those vehicles.
30 Total businesslinvestment miles driven during the year (do not include commuting miles) 31 Total commuting miles driven during the year 32 Total other personal (noncommuting) miles driven 33 Total miles driven during the year. Add lines 30 through 32 34 Was the vehicle available for personal use during off-duty hours? 35 Was the vehicle used primarily by a more than 5% owner or related person? 36 Is another vehicle available for personal use?
(b) Vehicle
(a) Vehicle
Yes
No
Yes
(c) Vehicle
No
Yes
(d) Vehicle
No
Yes
(f) Vehicle
(e) Vehicle
No
Yes
No
Yes
No
Section C - Questions for Employers Who Provide Vehicles for Use by Their Employees Answer these questions to determine if you meet an exception to completing Section B for vehicles used by employees who are not more than 5% owners or related persons. No 37 Do you maintain a written policy statement that prohibits all personal use of vehicles, including commuting, by your Yes employees? . 38 Do you maintain a written policy statement that prohibits personal use of vehicles, except commuting, by your employees? See the instructions for vehicles used by corporate officers, directors, or 1 % or more owners 39 Do you treat all use of vehicles by employees as personal use? 40 Do you provide more than five vehicles to your employees, obtain information from your employees about the use of the vehicles, and retain the information received? . 41 Do you meet the requirements concerning qualified automobile demonstration use? Note: If your answer to 37, 38, 39, 40, or 41 is "Yes, " do not complete Section B for the covered vehicles. Amortization (a) Description of costs
(b) Daleamortful n begins
Nc) Amortizable amount
(d) Code section
(e) Amortzaton rieliod or pet ruSOE
(f) Amortization for this year
42 Amortization of costs that begins during your 2006 tax year:
43 Amortization of costs that began before your 2006 tax year 44 Total. Add amounts in column (f). See the instructions for where to report
43 44 Form 4562 (2006)
616252/10.17-06
12300507 788779 fnd
31 2006.05000 CARL & RUTH SHAPIRO FAMILY
FND
1
Return of Private Foundation
990-PF
Form
OMB No 1545-0052
or Section 4947 (a)(1) Nonexempt Charitable Trust Treated as a Private Foundation
Department of the Treasury
Internal Revenue Service
2
Note : The foundation may be able to use a copy of this return to satisfy state reporting requirements. r , and ending For calendar year 2005 , or tax year beginning r6....L nn film+., nh, -
1
i
In,f, el _t_
I
Cmsl rufi, rn
I
I
Amondarf return
I
1
label. Otherwise , C ARL & RUTH SHAPIRO FAMILY FOUNDATION Number and street (or P O box number If mail is not delivered to street address) print
254113534 .
C If exemption application Is pending , check here
D 1. Foreign organizations , check here 2. Foreign organizations meeting the 85% test, check here and attach computation
necessarily equal the amounts in column (a))
1
Contnbutlons , gifts, grants , etc , received
2
Check
3
savings and temporary Interest invesstmennts
( a) Revenue and ex p enses per books
^ a
E If private foundation status was terminated ^0 under section 507 (b)(1)(A), check here
0 Accrual M Cash J Accounting method Other (specify) 0 (Part 1, column (d) must be on cash basis.)
Analysis of Revenue and Expenses (rhe total of amounts in columns (b), (c), and (d) may not
B Telephone number
617-778-7999
399 BOYLSTON STREET
I Fair market value of all assets at end of year (from Part ll, co!. (c), line 16) Paft 1
n Name chancre
04-6135027 Room/sulte
See Specific City or town, state , and ZIP code Instructions . 02116 OSTON MA X Section 501 (c)( 3 ) exem pt p rivate foundation of organization H Check type 0 Section 4947( a)(1) nonexempt charitable trust 0 Other taxable private foundation
^$
6
A Employer Identification number
Name of foundation Use the IRS
or type .
ArfrlrocQ channe
00
F If the foundation is in a 60-month termination under section 507 ( b )( 1 ) B ), check here ^ (d) Disbursements for charitable purposes
( c) Adjusted net income
(b) Net investment income
(cash basis only)
N/A
34968249 .
if the foundation Is not requm:dto attach Sch B
2123089. 6158625 .
4 Dividends and interest from securities 5a Gross rents
S tatement 1
2123089. 6158625.
S tatement 2
b Net rental income or (loss) 51597039 .
6a Net pain or (loss) from sale of assets not on line 10 Gross sales puce for all
b asse t s on l ine 6 a y
284987192. 51597039.
Capital gain net income (from Part IV, line 2)
7
8 Net short-term capital gain 9 Income modifications Gross sales less returns 10a and allowances t) Less Cost of goods sold
c Gross profit or (loss) 11 Other Income 12 Total . Add lines 1throu g h 11 13
14
C
94847002.
Compensation of officers , directors , trustees , etc
0.
7 5 2 4 8.
Other employee salaries and wages
43048.
0.
43048.
15085 .
0.
15085 .
b Accounting fees
Stmt 4
34089. 11000.
17044. 11000.
17045. 0.
c Other professional fees
S tmt 5
16871.
0.
16871 .
Stmt 6
659151. 355. 37950. 1769.
0. 0. 0. 0.
11247.
14777.
0.
14 717 .
9 0 9 34 3. 10159785.
2 80 4 4.
2 32 9 8 0. 101597 8 5.
11069128.
28044.
10392765.
15 Pension plans , employee benefits Stmt 16a Legal fees
W 17 19
3
Interest
18 Taxes
_
Depreciation and depletion
E 20 Occupancy 4 21 c 22 C'V
Travel , conferences , and meetings Punting and publications
0 23 Other expenses
Stmt 7
24 Total operating and administrative expenses . Add lines 13 through 23 0 25 Contributions , gifts, grants paid 26 Total expenses and disbursements. Add lines 24 and 25
a
0 LU
59878751/
7 5 2 4 8.
37950. 1769.
27 Subtract line 26 from line 12. a Excess of revenue over expenses and disbursements
83777874. 59850709.
b Net Investment income of negative, enter -) -0 c Adjusted net Income of negative, enter -0.) B
N/A
LHA For Privacy Act and Paperwork Reduction Act Notice, see the instructions.
Form 990-PF (2006)
623501 01-29-07
12300507 788779 fnd
1 2006.05000 CARL & RUTH SHAPIRO FAMILY
FND
1
c
Form 990-PF( 2006) r
.t
CARL & RUTH SHAPIRO FAM ILY FOUNDATIO N Beginning of year nts In the ° pton B a l ance Sh ee t s column " dac1edsc11ed '' esforandan'°" should be end•of-yearamounfsonly ( a) Book Value
( b) Book Value
End of year (e) Fair M arket Value
1130.
88046.
88046.
31488270.
49447453.
49447453.
1 Cash - non-Interest-beanng 2 Savings and temporary cash investments 3 Accounts receivable ^ Less - allowance for doubtful accounts ^ 4 Pledges receivable ^ Less allowance for doubtful accounts ^
Page2
04-6135027
5 Grants receivable 6 Rece ivables due from officers, directors, trustees , and other disqualified persons 7
Other notes and loans receivable
^
Less' allowance for doubtful accounts ^ 8 Inventories for sale or use 9 Prepaid expenses and deferred charges 10a Investments - U S and state government obligations b Investments - corporate stock c Investments - corporate bonds 11
12 13
Investments - land buildings , and equipment basis
^
Less accumulated depre radon
^
Stmt Stmt
Stmt
IessaccumuWtWdeprxaton
20
2950.
203354089. 0.
2950. 204493586. 0.
624. 0.
699. 80800.
699. 80800.
16 919 7141.
252974037.
254113534.
978.
0.
978.
0.
29046392.
29046392.
96036. :
Other assets (describe
01
95337. Statement 11 )
16 Total assets to be com pleted b all filers 17 Accounts payable and accrued expenses 18 Grants payable in 19 Deferred revenue 2 21 J 22
11800.
121964637. 15730680.
Investments - mortgage loans Investments - other
14 Land , buildings , and equipment basis ^ 15
8 9
Loans from officers , directors , trustees , and other disqualified persons
Mortgages and other notes payable
Other liabilities (describe ^
Statement
23 Total liabilities (add lines 17 throu g h 22 ) Foundations that follow SFAS 117, check here
12)
^ 0
and complete lines 24 through 26 and lines 30 and 31. 24 Unrestricted m 25 Temporarily restncted co 26 Permanently restricted Foundations that do not follow SFAS 117 , check here and complete lines 27 through 31. r` °
^ 0
27 Capital stock , trust principal , or current funds 28
29 Retained earnings , accumulated income , endowment, or other funds
Z 30 Total net assets or fund balances
.
.
.
31 Total liabilities and net assets and balances
p
0.
0.
140149771. 169196163.
22 392 7645 . 252974037 .
16 919 7141.
252974037 .
Paid-in or capital surplus , or land , bldg , and equipment fund
.
Analysis of Changes in Net Assets or Fund Balances
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 pnoryear's return) 2 Enter amount from Part I, line 27a 3 Other increases not included in line 2 (itemize) ^ 4 Add lines 1, 2, and 3 1
1 2
169196163. 83777874.
131
0.
141
252974037.
5 Decreases not included in line 2 (itemize) ^ 6 Total net assets or fu nd balances at end of year (line 4 minus line 5) - Part II, column (b), line 30
0. 252974037. Form 990-PF (2006)
623511 01-29-07
12300507 788779 fnd
2 2006.05000 CARL & RUTH SHAPIRO FAMILY
FND
1
CARL & RUTH SHAPIRO FAMILY FOUNDATION Form 990-PF (2006) P t lV CaDital Gains and Losses for Tax on Investment Income
04-6135027
( b How acquired - Purchase D - Donation
(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)
( c Date acquired (mo , day, yr)
Pa g e 3
( d) Date sold (mo , day, yr )
1a
b
See Attached Statements
c d
e (g) Cost or other basis plus expense of sale
( t) Depreciation allowed (or allowable )
(e) Gross sales price
(h) Gain or (loss) (e) plus (f) minus (g)
a b
c
d e
233390153.
284987192.
51597039.
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 ( k) Excess of col (i) over col . (1), if any
(1) Adjusted basis as of 12/31/69
(I) F M V as of 12/31/69
(I) Gains (Col (h) gain minus c ol bu t than -0-) or (k), le coh (f rom
a b
c d
51597039.
e ^ If gain,)also enter in Part I , line 7 1 If ?loss) , enter -0- in Part I , line 7
2 Capital gain net income or ( net capital loss)
51597039.
2
3 Net short-term capital gain or ( loss) as defined in sections 1222 (5) and (6) If gain, also enter in Part I , line 8, column (c) If (loss ), enter -0- in Part I, line 8 3 I part v_1 (uualltlcatlon Under section 494U(e) Tor Reduced I ax on Net Investment Income
N/A
(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. Yes ^X No
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? It Yes," the foundation does not qualify under section 4940 (e) Do not complete this part 1 Enter the aooroonate amount in each column for each year : see instructions before makina any entries Base priod e years Calendar year or tax year be g innin g
6706051. 3345224. 6809240. 7700592. 7929251.
2005 2004 2003 2002 2001
on ratio Distribution (col (b) drvided by col (c))
(c) Net value of nonchantable -use assets
( b) Adjusted qualifying distributions
170221426. 155208719. 148563393. 139233371. 133023383.
.039396 .021553 .045834 .055307 .059608 2
.221698
3
. 044340
4
212735342.
.
5
9432685.
6 Enter 1 % of net investment income (I% of Part I, line 27b)
6
598507 .
7 Addlines5and6
7
10031192.
8
10392765.
2 Total of line 1 , column (d) 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 4
Enter the net value of nonchantable -use assets for 2006 from Part X, line 5
5
Multiply line 4 by line 3
.
. .
..
8 Enter qualifying distributions from Part XII , line 4
. .
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
Form 990-PF (2006)
623521/01-29-07
12300507 788779
fnd
3 2006.05000 CARL & RUTH SHAPIRO FAMILY
FND
1
11 Form 990-PF(2006) CARL & RUTH SHAPIRO FAMILY FOUNDATION 04-6135027 Page 4 Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948 - see instructions) art Vt 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 If necessary-see Instructions) b Domestic foundations that meet the section 4940(e) requirements in Part V, check here ^ [X and enter 1 % of Part I, line 27b c All other domestic foundations enter 2% of line 27b Exempt foreign organizations enter 4% of Part I, line 12, col (b) 2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 3 Add lines 1 and 2 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only Others enter -0-) 5 Tax based on Investment Income . Subtract line 4 from line 3 If zero or less, enter -0_ 6 Credits/Payments. 6a a 2006 estimated tax payments and 2005 overpayment credited to 2006 6b b Exempt foreign organizations - tax withheld at source 6c c Tax paid with application for extension of time to file (Form 8868) 6d d Backup withholding erroneously withheld 7 Total credits and payments. Add lines 6a through 6d . 8 Enter any penalty for underpayment of estimated tax Check here EX if Form 2220 is attached 9 Tax due . If the total of lines 5 and 8 is more than line 7, enter amount owed 4
10 Overpayment . If line 7 is more than the total of lines 5 and 8, enter the amount overpaid 11 Enter the amount of line 10 to be Credited to 2007 estimated tax ^
31avt V11-A,
598507 .
1
2
0.
3 4
598507.
5
598507 .
7
602000 . 1275.
0.
602000 .
^ ^ 2 2 18 .Refunded ^
8 9 10
2218
.
0.
11
Statements Regarding Activities
1 a During the tax year, did the foundation attempt to influence any national , state, or local legislation or did it participate or intervene in any political campaigns b Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see instructions for definition)? If the answer is "Yes" to la or 1 b, attach a detailed description of the activities and copies of any materials published or distributed by the foundation in connection with the activities. c Did the foundation file Form 1120 -POL for this year? d Enter the amount (it any) of tax on political expenditures (section 4955) imposed during the year. 0. (2) On foundation managers. ^ $ 0. (1) On the foundation ^ $ e Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed on foundation 0. managers ^ $ 2 Has the foundation engaged in 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, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes 4a Did the foundation have unrelated business gross income of $1,000 or more during the year? .. b If'Yes * has it filed a tax return on Form 990 -T for this year?
N/A
Was there a liquidation, termination, dissolution, or substantial contraction during the year? If "Yes," attach the statement required by General Instruction T. 6 Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either • By language in the governing instrument, or • By state legislation that effectively amends the governing instrument so that no mandatory directions that conflict with the state law remain in the governing instrument? 7 Did the foundation have at least $5,000 in assets at any time during the year? If "Yes, " complete Part ll, col. (c), and Part XV.
5
la 1b
Yes No X X
1c
X
2
X
3
X
4a
X
4b
5
X
6 7
X X
8b
X
8a Enter the states to which the foundation reports or with which it is registered (see instructions) ^ MA b If the answer is 'Yes' to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state as required by General Instruction G? If "No, " attach explanation Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2006 or the taxable year beginning in 2006 (see instructions for Part XIV)? If "Yes," complete Part XIV . 0 Did any Dersons become substantial contributors dunna the tax year? it -v..' attach a schedule listina their names and addresses
9
9 X 10 X Form 990-PF (2006)
623531 01-29-07
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4 2006.05000 CARL & RUTH SHAPIRO FAMILY
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1
11 Form 490-PF ( 2006) CARL & RUTH SHAPIRO FAMILY FOUNDATION VII-A-1 Statements Regarding Activities Continued #
11a At any time during the year , did the foundation , directly or indirectly , own a controlled entity within the meaning of section 512 (b)(13)' ... If 'Yes' attach schedule . (see instructions ) royalties, and 17, 2006, covering the interest, rents, foundation have binding written contract in effect on August 'Yes did the a If , b N/A .. annuities described in the attachment for line 11 a ? . .. . 12 Did the foundation acquire a direct or indirect interest in any applicable insurance contracts 13 Did the foundation comply with the public inspection requirements for its annual returns and exemption application? N/A Web site address ^
INC.
14 The books are m care of ^ WELLESLEY CAPITAL MANAGEMENT,
Locatedat ^ ONE WASHINGTON ST.
SUITE 202,
WELLESLEY,
p2
X
11a 11b 12 13
X X
Telephone no ^ 7 81-2 35-610 7
ZIP+4 ^ 02481
MA.
Section 4947( a)(1) nonexempt charitable trusts filing Form 990- PF in lieu of Form 1041 - Check here and enter the amount of tax-exem pt interest received or accrued durin g the year
15
Page5
04-6135027
^0 ^
N/A
15
VU-fl 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 foundation ( either directly or indirectly) (1) Engage in the sale or exchange, or leasing of property with a disqualified person? (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? .. (3) Furnish goods , services , or facilities to ( or accept them from) a disqualified person? (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? (5) Transfer any income or assets to a disqualified person ( or make any of either available for the benefit or use of a disqualified person )?
Yes No 0 Yes I1 No Yes 0 No Yes 0 No Yes 0 No
.
.
(6) Agree to pay money or property to a govemment 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 ) b If any answer is'Yes' to 1a ( 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 22 of the instructions )?
Organizations relying on a current notice regarding disaster assistance check here
_ Q Yes EXI No
L1 Yes 0 No N/A
c Did the foundation 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 2006' 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 2006 , did the foundation have any undistributed income ( lines 6d and 6e, Part XIII) for tax year( s) beginning Yes FX No before 20067 If 'Yes, list the years ^ 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 undistributed income') ( If applying section 4942 ( a)(2) to all years listed , answer "No* and attach
statement - see instructions .)
.
N/A
.
lb
^0 1c
X
2b
c If the provisions of section 4942 (a)(2) are being applied to any of the years listed in 2a , list the years here. 3a Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time . 0 Yes 0 No during the years persons after foundation or disqualified purchase the by b If 'Yes ; did it have excess business holdings in 2006 as a result of ( 1) any 4943 under section (c)(7)) to dispose the Commissioner May 26 , 1969, (2) the lapse of the 5-year period ( or longer period approved by holding period (Use Schedule C, first phase ? of holdings acquired by gift or bequest , or (3) the lapse of the 10- , 15-, or 20-year N/A Form 4720 , to determine if the foundation had excess business holdings in 2006.) purposes? chantable 4a Did the foundation invest during the year any amount in a manner that would jeopardize its 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 ieoaardv before the first day of the tax year beginning in 2006'
3b 4a 4b
Form 990-PF (2006)
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VII-
04-6135027 CARL & RUTH SHAPIRO FAMILY FOUNDATION Statements Regarding Activities for Which Form 4720 May Be Required Continued
5a During the year did the foundation pay or incur any amount to (1) Carry on propaganda , or otherwise attempt to influence 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 similar purposes ? (4) Provide a grant to an organization other than a charitable , etc , organization described in section 509(a )( 1), (2), or (3), or section 4940 (d)(2)? (5) Provide for any purpose other than religious , charitable , scientific, literary , or educational purposes, or for
Yes 0 No LI Yes 0 No Yes EKI No Yes EXI No
LI Yes [M No the prevention of cruelty to children or animals? Regulations in quality under the exceptions described transactions fail 5a(1)-(5), any of the to answer is'Yes'to did b If any N/A _ section 53 4945 or in a current notice regarding disaster assistance ( see instructions)? pop. 0 here disaster assistance check notice regarding relying on current Organizations a c If the answer is'Yes'to question 5a(4), does the foundation claim exemption from the tax because it maintained N/A 0 Yes 0 No expenditure responsibility for the grant ? 6a b 7a b
If "Yes," attach the statement required by Regulations section 53.4945-5(d). Did the foundation , during the year, receive any funds , directly or indirectly , to pay premiums on a personal benefit contract ? Did the foundation , during the year , pay premiums , directly or indirectly , on a personal benefit contract? If you answered "Yes" to 6b, also file Form 8870. At any time during the tax year , was the foundation a party to a prohibited tax shelter transaction ? If yes , did the foundation receive any p roceeds or have any net income attributable to the transaction?
Page 6
5b
0 Yes 0 No X
6b Yes EXI No N/A
7b
Information About Officers, Directors, Trustees , Foundation Managers , Highly T VIII 0 Paid Employees , and Contractors I
I it au nffirerc direr-Mrs- trustees_ foundation manaaers and their compensation.
(b) Title, and average hours per week devoted to p osition
(a) Name and address
75248.
See Statement 13
7
rw...wswc^*i..n
.f fh,
(c) Compensation (d)Contribubonsto ( If not paid , °"";F ho„fi ""s enter -) co ensaton I
(e) Expense account, other allowances
10855.
0.
(^Contnbueonsto aand dotnu l'"s ensabon c
( e) Expense account, other allowances
Linhnet- neiA .-In-ac Inther than thnee innhiel a 1 on line 11_ IT none - enter " NUNt."
r v (a) Name and address of each employee paid more than $50,000
(b) Title and average hours p er week devoted to p osition
(c) Compensation
None
Total number of other employees paid over $50,000
1 U Form 990-PF (2006)
623551 01-29-07
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FND
1
Form 990-PF (2006) CARL & RUTH SHAPIRO FAMILY FOUNDATION 04-6135027 Information About Officers, Directors , Trustees, Foundation Managers, Highly Paid Employees, and Contractors Continued 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
Page 7
(c) Compensation
(b) Type of service
None
^
Total number of others receivin g over $50,000 for p rofessional services
#
0
t IX-A I Summary of Direct Charitable Activities
List the foundation's four largest direct charitable activities during the tax year Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.
I
I
Expenses
N/A
Part JX-8 Summa ry of Pro ram - Related Investments Describe the two largest program - related investments made by the foundation during the tax year on lines 1 and 2.
Amount
N/A
1
2
All other program - related investments See instructions. 3
Total . Add lines 1 through 3
0.
Form 990-PF (2006)
623561 01-29-07
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7 2006.05000 CARL & RUTH SHAPIRO FAMILY
FND
Form ?j90-PF ( 2006 ) Pat+i f
CARL
& RUTH SHAPIRO FAMILY FOUNDATION
b c d e 2
Average of monthly cash balances Fair market value of all other assets . . Total (add lines 1 a, b, and c) Reduction claimed for blockage or other factors reported on lines 1a and 1c (attach detailed explanation) Acquisition indebtedness applicable to line 1 assets
5 6 P
&
.
.
.
.. le
la
175682121.
1b 1C ld
40292846. 215974967 .
0 . .
. .
Subtract line 2 from line ld Cash deemed held for charitable activities . Enter 1 1 /2% of line 3 (for greater amount , see instructions ) Net value of noncharitable - use assets . Subtract line 4 from line 3 Enter here and on Part V, line 4 Minimum Investment return . Enter 5% of line 5
3 4
Page8
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations , see instructions.)
Fair market value of assets not used ( or held for use ) directly in carrying out charitable , etc , purposes* Average monthly fair market value of securities a
1
04-6135027
3
4 .
.
0
2
5
6
21597 4 9 6 7. 3239625 . 212735342 . 10636767 .
Distributable Amount (see instructions ) ( Section 4942 (i)(3) and (I)(5) private operating foundations and certain foreign organizations check here ^ 0 and do not complete this part )
Minimum investment return from Part X, line 6 1 2a Tax on investment income for 2006 from Part VI, line 5 b income tax for 2006 ( This does not include the tax from Part VI) c Add lines 2a and 2b Distributable amount before adjustments Subtract line 2c from line 1 3 .. Recoveries of amounts treated as qualifying distributions 4
1 .
.
2a 2b
10636767 .
598507 . 2c
5 9 8 5 0 7.
3
10038260 .
4
0
5
Add lines 3 and 4
5
10038260.
6 7
Deduction from distributable amount (see instructions) Distributable amount as adjusted Subtract line 6 from line 5 Enter here and on Part XIII , line 1
6 7
0 10038260 .
1a 1b
10392765.
Part Xl
Qualifying Distributions (see instructions)
Amounts paid ( including administrative expenses ) to accomplish charitable , etc , purposes' a Expenses , contributions , gifts, etc - total from Part I, column (d), line 26 b Program-related investments - total from Part IX-B 2 Amounts paid to acquire assets used ( or held for use ) directly in carrying out charitable, etc., purposes 3 Amounts set aside for specific charitable projects that satisfy the a Suitability test ( prior IRS approval required) .. b Cash distribution test (attach the required schedule) Part XIII, line 4 .. Part V, line and Enter here and on 8, 4 Qualifying distributions . Add lines 1 a through 3b on net investment for the reduced rate of tax Foundations that quality under section 4940 ( e) 5 income Enter 1 % of Part I, line 27b 6 Adjusted qualifying distributions . Subtract line 5 from line 4 . Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the 4940(e) reduction of tax in those years.
1
0
2 3a 3b 4
10392765.
598507. 5 9794258. 6 foundation qualifies for the section Form 990-PF (2006)
623571 01-29-07
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1
Form §90-PF (2006)
CARL & RUTH SHAPIRO FAMILY FOUNDATION
04-6135027
Page 9
Undistributed Income (see instructions)
#^art X111
1
Distributable amount for 2006 from Part XI, line?
2
Undistributed Income , If any , as of the end of 2005
( a)
(b)
(c)
(d)
Corpus
Years prior to 2005
2005
2006
10038260. 0.
a Enter amount for 2005 only b Total for prior years
0. 3 Excess distributions carryover , d any , to 2006:
1514910. 1054439.
a From 2001 bFrom2002 c From 2003
d From 2004 e From 2005 f Total of lines 3a through 111 4 Qualifying distributions for 2006 from
PartXll ,line4
10392765.
a Applied to 2005 , 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 2006 distributable amount e Remaining amount distributed out of corpus 5
2569349.
Excess distributions carryover applied to 2006 Of an amount appears In column (d), the same amount must be shown in column (a) )
0 0 0 10038260.
354505 0.
0
6 Enter the net total of each column as Indicated below: a corpus Add lines 3f, 4c, and 4e subtract line 5
2923854.
h Prior years ' undistributed income Subtract line 4b from line 2b
0
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
0
d Subtract line 6c from line 6b . Taxable
amount - see instructions
0
e Undistributed income for 2005 Subtract line 4a from line 2a . Taxable amount - see instr f Undistributed income for 2006 Subtract lines 4d and 5 from line 1 This amount must be distributed in 2007 7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170 ( b)(1)(E) or4942 ( g)(3) . 8
0
0
0 .
Excess distributions carryover from 2001
1514 910 .
not applied on line 5 or line 7 9 Excess distributions carryover to 2007. 10
Subtract lines 7 and 8 from line 6a Analysis of line 9.
a Excess from 2002
1408944 .
1054439.
b Excess from 2003 c Excess from 2004 d Excess from 2005
354505
e Excess from 2006
Form 990-PF (2006) 623581 01-29-07
9 12300507
788779
fnd
2006.05000 CARL & RUTH SHAPIRO FAMILY
FND
1
Form b90-PF ( 2006)
CARL & RUTH SHAP
04-6135027
FOUNDATION 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 2006, enter the date of the ruling b Check box to indicate whether the foundation is a p rivate o p erati foundation described Tax year 2 a Enter the lesser of the adjusted net (a) 2006 (b) 2005 income from Part I or the minimum
Page10
N/A
1110. 142(i1(3 ) or
0 4942(i)(5)
Prior 3 years (c) 2004
(d) 2003
( e) Total
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 in 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(I)(3)(B)(i) 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 in section 4942(l)(3)(8)(ui) (3) Largest amount of support from an exempt organization
Supplementary Information (Complete this part only if the foundation had $5,000 or more in assets at any time during the year-see page 28 of the instructions.)
Part X1f 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 it they have contributed more than $5 ,000) (See section 507(d)(2) )
See Statement 14 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 01 0 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 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 in 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
Form 990-PF (2006)
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10 2006.05000 CARL & RUTH SHAPIRO FAMILY
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Form 990-PF ( 2006 ) 3
CARL
& RUTH SHAPIRO FAMILY FOUNDATION
Grants and Contributions Paid During the Year or ADoroved for Future Payment If recipient is an individual, Recipient Foundation show any relationship to status of any foundation manager Name and address (home or business ) recipient or substantial contributor
04-6135027
Purpose of grant or contribution
Pagell
Amount
a Paid during the year
SEE ATTACHED STATEMENT 416-
Total
10159785.
^ 3a
10159785.
b Approved for future payment
None
Total 623611m1-29-07
12300507 788779
^ 3b I
U .
Form 990-PF (2006)
fnd
11 2006.05000 CARL & RUTH SHAPIRO FAMILY
FND
1
CARL & RUTH SHAPIRO FAMILY FOUNDATION
FormW- PF(2006 ) Park X.f.A
04-6135027
Page12
Analysis of Income - Producing Activities
Enter g ross amounts unless otherwise indicated 1 Program service revenue
U111M U uusmess muuinv
(a) Business code
txcW aec o
(b) Amount
J.c „_ s ee
section D12
01J
Or 014
(e)
Related or exempt function income
( d) Amount
a b
c
d e f
g Fees and contracts from government agencies 2 Membership dues and assessments
3 Interest on savings and temporary cash investments 4 Dividends and interest from securities 5 Net rental income or (loss ) from real estate* a Debt-financed property
14 14
2123089. 6158625.
18
51597039.
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 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) 13 Total . Add line 12, columns ( b), (d), and (e) (See worksheet in line 13 instructions to verify calculations
Pad XVI,-B
0
.
59878753. i 13
Relationship of Activities to the Accomplishment of Exempt Purposes
623621 01-29-07
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0. 5987 875 3 .
Form 990-PF (2006)
788779 fnd
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04-6135027 CARL & RUTH SHAPIRO FAMILY FOUNDATION Form990-PF ( 2006) Information Regarding Transfers To and Transactions and Relationships With Noncharitable XNII #
Pag e 13
Yes No Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations? a Transfers from the reporting foundation to a nonchantable exempt organization of. X 1a (l ) (1) Cash X 1a 2 . . (2) Other assets b Othertransactions* X . .. lb ( l ) (1) Sales of assets to a noncharitable exempt organization X lb (2 ) (2) Purchases of assets from a nonchantable exempt organization X lb (3 ) (3) Rental of facilities, equipment, or other assets X 1b (4 ) . . (4) Reimbursement arrangements 1b (5 ) X (5) Loans or loan guarantees 1 b( 5) X . . (6) Performance of services or membership or fundraising solicitations 1 c X Sharing of facilities, equipment, mailing lists, other assets, or paid employees other assets, always show the fair market value of the goods, If the answer to any of the above is 'Yes,' complete the following schedule Column (b) should or services given by the reporting foundation If the foundation received less than fair market value in any transaction or sharing arrangement, show in
2a 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') the followin g schedule b If Yes . (b) Type of organization (a) Name of organization
Yes (c) Description of relationship
N/A
Under penalties of p end complete D
ry ec re that I e exa ined this retu parer (o / er than p6yerpy fiduc tton f
mpanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, ncluding ) Is based on all information of w)llch pfeparer has any knowle be
't^or trust
C_f
Preparer ' s .O 'L - E signature firm Ilse!
lo
,
addr= and ZIP c
623622 01-29-C
123005
ti^440 PARK AVEN UE SOUTH NEW YORK, N.Y . 10016
® No
Schedule B
Schedule of Contributors
(Form 990 , 990-EZ, or 990-PF) Department of the Treasury Internal Revenue Service
Supplementary Information for line 1 of Form 990, 990-EZ, and 990-PF (see instructions)
OMB No 1545-0047
2006
Name of organization
I Employer identification number
CARL & RUTH SHAPIRO FAMILY FOUNDATION
1
04-6135027
Organization type (check one): Filers of:
Section:
Form 990 or 990-EZ
= 501 (c)(
) (enter number) organization
4947(a)(1) nonexempt charitable trust not treated as a private foundation 527 political organization M 501(c)(3) exempt private foundation
Form 990-PF
0 4947(a)(1) nonexempt charitable trust treated as a private foundation 0 501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule. (Note : Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule-see instructions.) General RuleO For organizations filing Form 990 , 990•EZ , or 990 • PF that received, during the year, $5,000 or more (in money or property ) from any one contributor . (Complete Parts I and II.) Special RulesO For a section 501 (c)(3) organization filing Form 990 , or Form 990•EZ, that met the 33 1 /3% support test of the regulations under sections 509 (a)(1)/170(b)(1)(A)(v), and received from any one contributor, during the year, a contribution of the greater of $5,000 or 2% of the amount on line 1 of these forms . (Complete Parts I and II.) For a section 501 (c)(7), (8), or (10) organization filing Form 990 , or Form 990•EZ, that received from any one contributor, during the year, aggregate contributions or bequests of more than $ 1,000 for use exclusively for religious, charitable , scientific , literary , or educational purposes , or the prevention of cruelty to children or animals. (Complete Parts I , II, and III.) For a section 501 (c)(7), (8), or (10) organization filing Form 990 , or Form 990• EZ, that received from any one contributor, during the year, some contributions for use exclusively for religious, charitable , etc., purposes , but these contributions did not aggregate to more than $1,000 . ( If this box is checked , enter here the total contributions that were received during the year for an exclusively religious, charitable , etc., purpose . Do not complete any of the Parts unless the General Rule applies to this organization because it received nonexclusively religious , charitable , etc., contributions of $5,000 or more during the year.) ^ $ Caution : Organizations that are not covered by the General Rule and/or the Special Rules do not file Schedule B (Form 990, 990-EZ, or 990-PF), but they must check the box in the heading of their Form 990, Form 990-EZ, or on line 2 of their Form 990-PF, to certify that they do not meet the filing requirements of Schedule B (Form 990, 990-EZ, or 990-PF). LHA For Paperwork Reduction Act Notice, see the Instructions for Form 990, Form 990-EZ, and Form 990-PF.
Schedule 8 (Form 990 , 990-EZ , or 990-PF) (2006)
623451 01-18-07
12300507
788779 fnd
14 2006.05000 CARL & RUTH SHAPIRO FAMILY
FND
1
Schedule B (Form 990, 99
1 of
04-6135027
CARL & RUTH SHAPIRO FAMILY FOUNDATION Pad I
Contributors (See Specific Instructions.) (b) Name , address , and ZIP + 4
(a) No.
1
C/O ONE WASHINGTON STREET,
Payroll Noncash
STE.
202
(c) Aggregate contributions
C/O ONE WASHINGTON STREET,
STE.
202
(c) Aggregate contributions
SHAPIRO FAMILY TEN YEAR CHARITABLE LEAD STRUST STE.
202
$
4272328.
MA 02481 (c) Aggregate contributions
CARL SHAPIRO
PALM BEACH,
OX
Payroll Noncash
fl
(d) Type of contribution
1950000.
$
FL 3 3 4 8 0 (c) Aggregate contributions
RUTH SHAPIRO 2596000.
$
(d) Type of contribution
Payroll Noncash
(c) Aggregate contributions
(d) Type of contribution
CARL SHAPIRO
Person
2 NORTH BREAKERS ROW #45
Payroll Noncash
ni_IR_ m
788779 fnd
FL 3 3 4 8 0
Q ^X
(Complete Part II if there is a noncash contribution.)
FL 33480 (b) Name , address, and ZIP + 4
PALM BEACH,
0
Person
2 NORTH BREAKERS ROW #45 PALM BEACH,
Payroll Noncash
(Complete Part II if there is a noncash contribution.)
(b) Name, address , and ZIP + 4
(a) No.
Person
Person
2 NORTH BREAKERS ROW #45
(a) No.
(d) Type of contribution
(Complete Part II if there is a noncash contribution.)
(b) Name , address , and ZIP + 4
(a) No.
FT
(Complete Part II if there is a noncash contribution.)
C/O ONE WASHINGTON STREET,
12300507
6700998.
$
MA 02481 (b) Name , address, and ZIP + 4
6
(d) Type of contribution
Payroll Noncash
WELLESLEY,
OX
(Complete Part II if there Is a noncash contribution.)
Person
(a) No.
5
3104073.
SHAPIRO FAMILY FIVE YEAR CHARITABLE LEAD TRUST
WELLESLEY,
4
$
MA 02481 (b) Name, address , and ZIP + 4
3
(d) Type of contribution
Person
(a) No.
;7g4-;
(c) Aggregate contributions
SHAPIRO FAMILY FIFTEEN YEAR CHARITABLE LEAD TRUST
WELLESLEY,
2
2 of Part I
Employer identification number
Name of organization
$
10000000.
0
(Complete Part II if there is a noncash contribution Schedule B (Form 990 . 990-EZ . or 990 - PF) (20061
15 2006.05000 CARL & RUTH SHAPIRO FAMILY
FND
1
Schedile B (Form 990, 990-EZ. or 990-PF) (2006)
Pape
Name of organization
CARL & RUTH SHAPIRO FAMILY FOUNDATION Part t
2 of Part I
04-6135027
Contributors (See Specific Instructions.) (b) Name , address , and ZIP + 4
(a) No.
7
2 of
Employer Identification number
(c) Aggregate contributions
(d) Type of contribution
RUTH SHAPIRO
Person
OX
2 NORTH BREAKERS ROW #45
Payroll Noncash
Q 0
PALM BEACH, (a) No.
10000000.
$
(Complete Part II if there is a noncash contribution.)
FL 3 3 4 8 0 (b) Name , address , and ZIP + 4
(c) Aggregate contributions
(d) Type of contribution Person Payroll Noncash
$
El Q 0
(Complete Part II if there is a noncash contribution.) (a) No.
(b) Name , address , and ZIP + 4
(c) Aggregate contributions
(CO Type of contribution Person Payroll Noncash
$
El 0 Q
(Complete Part li if there is a noncash contribution.) (a) No.
(b) Name, address , and ZIP + 4
(c) Aggregate contributions
(d) Type of contribution Person Payroll Noncash
$
0 0 Q
(Complete Part II if there is a noncash contribution.)
(a) No.
(b) Name , address , and ZIP + 4
(c) Aggregate contributions
(CO Type of contribution Person Payroll Noncash
$
El El Q
(Complete Part II if there is a noncash contribution.)
(a) No.
(b) Name , address , and ZIP + 4
(c) Aggregate contributions
$
(d) Type of contribution Person Payroll Noncash
El Q El
(Complete Part II if there is a noncash contribution.; 623452 WAR-07
12300507 788779 fnd
Schedule B (Form 990 . 990-EZ . or 990 - PF) (2006)
16 2006.05000 CARL & RUTH SHAPIRO FAMILY
FND
1
Schedule B (Form 990, 990-EZ or
1 of
CARL & RUTH SHAPIRO FAMILY FOUNDATION Pad It
1 of Part ll
Employer identification number
Name of organization
04-6135027
Noncash Property (See Specific Instructions.) (c)
(a) No. from Part I
(b) Description of noncash property given
60,000 SHS COACH,
(CQ Date received
FMV (or estimate) (see instructions)
INC.
4 $ (a) No. from Part I
1950000.
09/12/06
(c) FMV (or estimate) (see instructions)
Description of noncash property given
Date received
40,000 SHS REYNOLDS AMERICA 5
$ (a) No. from Part I
Description of noncash property given
(a) No. from Part I
(b) Description of noncash property given
(a) No. from Part I
(b) Description of noncash property given
(a) No. from Part I
(c) FMV (or estimate) (see instructions)
09/12/06
Date received
(c) FMV (or estimate) (see instructions)
(d) Date received
(c) FMV (or estimate) (see instructions)
(d) Date received
(c) Description of noncash property given
623453 01_1 -o7
12300507 788779
2596000.
FMV (or estimate) (see instructions)
Date received
Schedule B (Form 990.990-EZ . or 990-PFI (20061
fnd
17 2006.05000 CARL & RUTH SHAPIRO FAMILY
FND
1
Continuation 04-6135027
CARL &.RUTH SHAPIRO FAMILY FOUNDATION IPatt IV I Capital Gains and Losses for Tax on Investment Income
( b How acquired (c) Date acquired nation - Pu rchase (mo , day , yr ) D - D onation
(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.
la 20 325,000 US TSY BILL DUE 8/2406 b c d e f
for 990-PF, 1 Pa g e
US T-BILL INTEREST INCL. IN BROKER'S GROSS PROCEE 60,000 SHS COACH , INC 40,000 SHS REYNOLDS AMERICAN , INC 56,000 SHS LIZ CLAIBORNE , INC. 50 000 SHS LIZ CLAIBORNE, INC.
g 6,000 SHS EMULUX CORP. h 59,200 SHS PROCTOR & GAMBLE i35,000 SHS GOOGLE 40,000 SHS GOOGLE
Part of
IV 3
( d) Date sold (mo , day, yr )
P
04/28/06 08/24/06
P D D P P
04/28/06 08/24/06 09/12/06 09/12/06 09/12/06 09/12/06 06/05/95 01/09/06 06/05/95 01/10/06
P P P
11/29/04 01/12/06 05/19/88 01/19/06 03/30/05 01/23/06
P
03/30/05 01/23/06
k44 , 000 SHS PEPSICO 1167,000 SHS TRANSOCEAN SEDCO
P P
08/29/95 01/24/06 01/23/06 02/03/06
m92 , 000 SHS ANALOG DEVICES n 95,000 SHS DIAMOND OFFSHORE DRILLING o 157 , 000 SHS BURLINGTON NORTHERN
P P P
01/23/06 02/06/06 01/23/06 02/07/06 01/23/06 02/14/06
(e) Gross sales price
a b c d e f h k 1 m n o
( Q Depreciation allowed (or allowable )
( h) Gain or (loss) (e) plus (f) minus (g)
( g) Cost or other basis plus expense of sale
19984150. 340850. 1984200. 2600000. 2003120. 1799000. 130140. 3473856.
19984150. 340850. 332850. 558000. 504000. 450000. 83460. 260643.
0. 0. 1651350. 2042000. 1499120. 1349000. 46680. 3213213.
14808850.
6312950.
8495900.
16924400. 2560800. 13711240. 3717000. 7835700. 12664090.
7204800. 914827. 13004410. 3470980. 7571500. 11152840.
9719600. 1645973. 706830. 246020. 264200. 1511250.
Complete only for assets showing gain in column ( h) and owned by the foundation on 12/31 /69 (I) F M V as of 12/31/69
(j) Adjusted basis as of 12/31/69
(I) Losses (from col (h)) Gains (excess of col (h) gain over col. (k), but not less than'-0- )
( k) Excess of col (i) over col. (1), rf any
a b
0. 0.
c d e f
1651350. 2042000. 1499120. 1349000. 46680. 3213213. 8495900. 9719600. 1645973. 706830. 246020. 264200. 1511250.
h
k 1 m n 0 2 Capital gain net income or ( net capital loss )
! If am, also enter in Part I, line 7 1 i If ?loss) , enter'-0- in Part I , line 7 1
3 Net short-term capital gain or ( loss) as defined in sections 1222(5) and (6)• If gain , also enter in Part I, line 8 , column (c) If (loss ), enter '-0- in Part I, line 8
2
3
623591 05-01-06
18 12300507
788779 fnd
2006.05000 CARL & RUTH SHAPIRO FAMILY
FND
Continuation 04-6135027
CARL &.RUTH SHAPIRO FAMILY FOUNDATION P It I Capital Gains and Losses for Tax on Investment Income
for 990-PF, 2 Pa g e
(b How acquired ( c) Date acquired (mo , day, yr ) D - Don tion
(a) List and describe the kind (s) of property sold, e g , real estate, 2-story buck warehouse ; or common stock , 200 shs MLC Co
1a 63,000 SHS CATERPILLAR TRACTOR
P
Part of
IV 3
( d) Date sold (mo, day, yr )
01/13/06 02/17/06
b 21 275,000 US T-BILL DUE 4/27/06
P
12/08/05 03/02/06
c 775,000 US T-BILL DUE 7/13/06
P
01/26/06 05/10/06
d 150,000 US T-BILL DUE 7/13/06
P
01/26/06 06/07/06
e 625,000 US T-BILL DUE 7/13/06 f 750,000 US T-BILL DUE 9/1406
P P
01/26/06 06/07/06 04/27/06 08/16/06
P P P P P P P P P
07/27/06 09/07/06 08/03/06 10/02/06 09/14/06 10/02/06 09/14/06 10/02/06 09/29/06 11/09/06 09/28/06 11/09/06 09/28/06 11/09/06 09/27/06 11/09/06 07/13/06 11/10/06
h k 1 m n o
1 , 525 , 000 US B-BILL DUE 12/21/06 39,225 000 US T-BILL DUE 1/4/07 1,400,000 US T-BILL DUE 2/8/07 26,500,000 US T-BILL DUE 2/8/07 80 000 SHS NORFOLD SO. CORP. 50,000 SHS NV IDIA CO RP. 85,0 00 SHS NVID IA CORP. 90 , 000 SHS OFFICE MAX 750 , 000 US T-BILL DUE 12/14/06 (f) Depreciation allowed (or allowable )
(e) Gross sales puce
( h) Gain or (loss) (e) plus (f) minus (g)
( g) Cost or other basis plus expense of sale
a b
4540410. 20929537.
3919860. 20942472.
620550. -12935.
c
758797.
759267.
-470.
d e f
146908. 612119. 735502. 1494672. 38413705. 1372463. 25978761. 4216000. 1800500. 3056650. 4472100. 733822.
146955. 612312. 736208. 1494058. 38391077. 1372224. 25974240. 3444000. 1449000. 2464650. 3585900. 733830.
-47. -193. -706. 614. 22628. 239. 4521. 772000. 351500. 592000. 886200. -8.
h k 1 m n o
Complete only for assets showing gain in column ( h) and owned by the foundation on 12/31/69 (1) Adjusted basis as of 12/31/69
(I) F M V as of 12/31/69
(I) Losses (from col (h)) Gains (excess of col (h) gain over col (k), but not less than'-0')
(k) Excess of col (i) over col (j), if any
a b C d e f
620550. -12935. -470. -47. -193. -706. 614. 22628. 239. 4521.
h
k
772000.
1 m n
351500. 592000. 886200.
o
-8-
2 Capital gain net income or (net capital loss )
If goe s)a lso enter in' PaPart Irt, l i ne 7 I , line 7 ^ If ( loss , enter'-0= in
3 Net short-term capital gain or ( loss) as defined in sections 1222(5) and (6) If gain, also enter in Part I, line 8, column (c) If (loss), enter '-0= in Part I, line 8
2
3
623591 05-01-06
19 12300507
788779
fnd
2006.05000 CARL & RUTH SHAPIRO FAMILY
FND
Continuation 04-6135027
CARL & RUTH SHAPIRO FAMILY FOUNDATION # IV Capital Gains and Losses for Tax on Investment Income
for 990-PF, Part Pa g e 3 of
( b How acquired ( c) Date acquired Purchase ( mo , day , yr ) D - Donation
(a) List and describe the kind ( s) of property sold, e g , real estate , 2-story buck warehouse ; or common stock , 200 shs MLC Co.
1a 85 000 SHS NUCOR CORP. 155,000 SHS AMR CORP. b_
IV 3
( d) Date sold (mo , day, yr.)
c 80,000 SHS ALLEGHENY TECH.
P P P
09/28/06 11/10/06 09/28/06 11/ 21/06 09/28/06 11/22 /06
d 170 , 000 SHS AMAZON.COM, e 135,000 SHS COACH, INC. f160 , 000 SHS EBAY , INC.
P P P
09/28/06 11/2 7/06 09/28/06 11/27/06 09/27/06 11/27/06
40,000 SHS GOLDMAN SACHS h12 , 000 SHS GOOGLE 1 130 , 000 SHS MASSEY ENERGY
P P P
09/28/06 11/27/06 09/28/06 11/27/06 10/04/06 11/27/06
92,000 SHS PEABODY ENERGY
INC.
P
09/28/06 11/27/06
k 30 000 SHS RESEARCH IN MOTION 175 , 000 SHS US STEEL CORP. m50,000 SHS YUM BRANDS
P P P
09/28/06 11/27/06 10/03/06 11/27/06 09/28/06 11/27/06
n41 , 000 SHS PEABODY ENERGY
P
09/28/06 11/27/06
0 ( f) Depreciation allowed (or allowable )
(e) Gross sales puce
( g) Cost or other basis plus expense of sale
( h) Gain or (loss) (e) plus (f) minus (g)
a b c d e f
5146750. 5165650. 6656800. 7220280. 5690360. 5317460.
4109550. 3617550. 4908800. 5373900. 4618200. 4287800.
1037200. 1548100. 1748000. 1846380. 1072160. 1029660.
8076000.
6760400.
1315600.
h
5994480. 3328200. 3912960. 4224000. 5568000. 3144000. 1742910.
4825440. 2540700. 3327360. 2557500. 4181250. 2626000. 1483390.
1169040. 787500. 585600. 1666500. 1386750. 518000. 259520.
k m n 0
Complete only for assets showing gain in column ( h) and owned by the foundation on 12/31/69 (I) F M V as of 12/31/69
(1) Adjusted basis as of 12 /31/69
(I) Losses (from col (h)) Gains (excess ( h) g a in0over col (k), but not less than
( k) Excess of col (i) over col (I), if any
1037200. 1548100. 1748000. 1846380. 1072160. 1029660. 1315600. 1169040.
a b C d e f h
787500.
585600. 1666500. 1386750. 518000. 259520.
k m n 0 2 Capital gain net income or ( net capital loss))
ain, also enter in Part I, line 7 If ?loss ) , enter'-0- in Part I , line 7
3 Net short-term capital gain or ( loss) as defined in sections 1222 ( 5) and (6): If gain, also enter in Part I, line 8 , column (c). If (loss), enter '-0- in Part I, line 8
2
3
51597039.
N/A
623591 05-01-06
20 12300507 788779
fnd
2006.05000 CARL & RUTH SHAPIRO FAMILY
FND
2006 DEPRECIATION AND AMORTIZATION REPORT
990-PF
Form 990-PF Page 1 As et No
Description
Date Acquired
Method
Life
Une . N
Unadjusted Cost Or Basis
Bus % Excl
Reduction In Basis
Basis For Depreciation
Accumulated Depreciation
Current Sec 179
Current Year Deduction
.00 17
8228.
8228.
0.
00
17
12 90 .
12 90 .
0 M
3 FURNITURE AND FIXTURES 12 15 02 00D
.00
17
13944.
13944.
0.
4 FURNITURE AND FIXTURES 1-2 15 2 00f
..00 17
4882.
1841.
01 12 03 00D
.00 17
31637.
31637.
0.
1 14 3 OG
..00 17
6036.
6036.
0.
.00 17
9000.
9000.
0.
.00 17
74454
7445.
0.
.00
17
7464.
7464.
0.
10FURNITURE AND FIXTURES 6 18 4 001
.00 17
5680.
5680.
0.
12 11 06 00D
.00 19
430.
I FURNITURE AND FIXTURES 12 15 02 00D FFICE
ME NT
EQUIP
5 FFICE RENOVATION 6 OFFICE EQUIPMENT
11 18
2
00t
7 FURNITURE AND FIXTURES 04 17 03 00D 8 SI
RE AND FIXTURE
2 4
00
9 FURNITURE AND FIXTURES 08 04 03 00D
11 EQUIPMENT
5
3041.
2417.
333.
22.
430.
Total 930-Pt' Pg I eipr
628102 07-28- 06
96036.
(D) - Asset disposed
21
92565.
34 7 1.
2417 .
04
355.
• ITC, Section 179, Salvage , Bonus , Commercial Revitalization Deduction , GO Zone
CARS, & RUTH SHAPIRO FAMILY FOUNDATION
Form 990-PF
04-6135027
Interest on Savings and Temporary Cash Investments
Source
Statement
1
Amount
BANK - INTEREST ON SAVINGS BANK - TEMPORARY CASH INVESTMENT BROKER - TEMPORARY CASH INVESTMENT
25506. 2096473. 1110.
Total to Form 990-PF, Part I, line 3, Column A
2123089.
Dividends and Interest from Securities
Form 990-PF
BANK BROKER BROKER BROKER BROKER
Capital Gains Dividends
Gross Amount
Source GOVT BONDS & T-BILLS - CORP DIVIDENDS - GOVT BONDS & T-BILLS - GOVT BONDS & T-BILLS - GOVT BONDS & T-BILLS
Total to Fm 990-PF, Part I,
Form 990-PF
In 4
Statement
Column (A) Amount
681500. 264521. 340850. 256500. 4615254.
0. 0. 0. 0. 0.
681500. 264521. 340850. 256500. 4615254.
6158625.
0.
6158625.
Statement
Legal Fees
Description
2
3
(a) Expenses
(b) Net Invest-
(c) Adjusted
(d) Charitable
Per Books
ment Income
Net Income
Purposes
LEGAL FEES
34089.
17044.
17045.
To Fm 990-PF, Pg 1, In 16a
34089.
17044.
17045.
12300507
788779
fnd
Statement(s) 1, 22 2006.05000 CARL & RUTH SHAPIRO FAMILY FND
2,
3 1
CAIL & RUTH SHAPIRO FAMILY FOUNDATION
Form 990-PF
Accounting Fees
Description
ACCOUNTING FEES To Form 990-PF, Pg 1,
04-6135027
In 16b
Form 990-PF
Statement
(a) Expenses
(b) Net Invest-
(c) Adjusted
(d) Charitable
Per Books
ment Income
Net Income
Purposes
11000.
11000.
0.
11000.
11000.
0.
Other Professional Fees
Description
4
Statement
5
(a) Expenses
(b) Net Invest-
(c) Adjusted
(d) Charitable
Per Books
ment Income
Net Income
Purposes
PROFESSIONAL CONSULTANTS WEBSITE DEVELOPMENT
6491. 10380.
0. 0.
6491. 10380.
To Form 990-PF, Pg 1,
16871.
0.
16871.
In 16c
Form 990-PF
Taxes
Description
Statement
(a)
(b)
Expenses Per Books
Net Investment Income
(c) Adjusted Net Income
6
(d) Charitable Purposes
ANNUAL FRANCHISE TAX PAYROLL TAXES FEDERAL INCOME TAX STATE UNEMPLOYMENT TAXES
25. 8969. 647879. 2278.
0. 0. 0. 0.
0. 8969. 0. 2278.
To Form 990-PF, Pg 1,
659151.
0.
11247.
12300507 788779 fnd
In 18
23 Statement(s) 4, 5, 6 2006.05000 CARL & RUTH SHAPIRO FAMILY FND 1
04-6135027
CARL & RUTH SHAPIRO FAMILY FOUNDATION
(a) Expenses Per Books
Description ANNUAL FEES TELEPHONE/INTERNET BUSINESS INSURANCE MISCELLANEOUS EXPENSES COMPUTER SOFTWARE CHARGES OFFICE SUPPLIES CORPORATE SERVICES PAYROLL SERVICE FEE POSTAGE/SHIPPING WORKERS' COMP. INSURANCE SUBSCRIPTIONS
To Form 990-PF, Pg 1,
Form 990-PF
In 23
(b) Net Investment Income
(d) Charitable
Net Income
Purposes
500. 1829. 2414. 2562. 1512. 2585. 309. 1728. 729. 379. 230.
0. 0. 0. 0. 0. 0. 0. 0. 0. 0. 0.
0. 1829. 2414. 3002. 1512. 2585.
14777.
0.
14717.
U.S. Gov't
Other Gov't
X X
US TREASURY BILLS FEDERAL HOME LOAN BANK NOTES
7
(c) Adjusted
309. 1728. 729. 379. 230.
Statement
U.S. and State/City Government Obligations
Description
Total U.S.
Statement
Other Expenses
Form 990-PF
Government Obligations
8
Fair Market Value
Book Value 163831009. 39523080.
165180987. 39312599.
203354089.
204493586.
203354089.
204493586.
Total State and Municipal Government Obligations Total to Form 990-PF, Part II,
Form 990-PF
line 10a
COMMON & PREFERRED STOCKS
Total to Form 990-PF, Part II,
12300507 788779 fnd
Fair Market Value
Book Value
Description
line 10b
9
Statement
Corporate Stock
0.
0.
0.
0.
Statement (s) 7, 24 2006.05000 CARL & RUTH SHAPIRO FAMILY FND
8,
9 1
CARS, & RUTH SHAPIRO FAMILY FOUNDATION
Form 990-PF
04-6135027
Depreciation of Assets Not Held for Investment Cost or
Description
Other Basis
FURNITURE AND FIXTURES OFFICE EQUIPMENT FURNITURE AND FIXTURES FURNITURE AND FIXTURES OFFICE RENOVATION OFFICE EQUIPMENT FURNITURE AND FIXTURES FURNITURE AND FIXTURES FURNITURE AND FIXTURES FURNITURE AND FIXTURES EQUIPMENT
Total To Fm 990-PF, Part II,
In 14
Form 990-PF
Statement
10
Accumulated Depreciation
Book Value
8228. 1290. 13944. 4882. 31637. 6036. 9000. 7445. 7464. 5680. 430.
8228. 1290. 13944. 4591. 31637. 6036. 9000. 7445. 7464. 5680. 22.
0. 0. 0. 291. 0. 0. 0. 0. 0. 0. 408.
96036.
95337.
699.
Other Assets
Statement
11
Fair Market
Book Value
Description
Value
CONSTRUCTION IN PROGRESS ACCRUED INTEREST PAID ON BOND ACQUISITION
25000.
25000.
55800.
55800.
Total to Form 990-PF,
80800.
80800.
Part II, line 15
Form 990-PF
Other Liabilities
Description
Statement
Amount
0.
PAYROLL TAXES - WITHHELD Total to Form 990-PF,
12300507 788779 fnd
12
Part II,
line 22,
Column B
25 Statement(s) 10, 11, 2006.05000 CARL & RUTH SHAPIRO FAMILY FND
0.
12 1
04-6135027
CARL & RUTH SHAPIRO FAMILY FOUNDATION
Form 990-PF
Statement
Part VIII - List of Officers, Directors Trustees and Foundation Managers
Name and Address
Title and Avrg Hrs/Wk
Employee Ben Plan Expense Contrib Account
Compensation
CARL SHAPIRO 2 N. BREAKERS ROW PALM BEACH, FL 33480
CHAIRMAN
RUTH SHAPIRO 2 N. BREAKERS ROW PALM BEACH, FL 33480
SECRETARY & TREAS.
RHONDA ZINNER c/o 399 BOYLSTON STREET BOSTON, MA 02116
13
0.
0.
0.
0.
0.
PRESIDENT 20.00
0.
0.
0.
ELLEN JAFFE c/o 399 BOYLSTON STREET BOSTON, MA 02116
TRUSTEE 4.00
0.
0.
0.
LINDA WAINTRUP c/o 399 BOYLSTON STREET BOSTON, MA 02116
TRUSTEE 4.00
0.
0.
0.
JEAN S. WHITNEY 112 WOODRIDGE ROAD WAYLAND, MA 01778
PROGRAM DIRECTOR 32.00
75248.
10855.
0.
75248.
10855.
0.
20.00
4.00
Totals included on 990-PF, Page 6, Part VIII
Form 990-PF
Part XV - Line la List of Foundation Managers
0.
& TRSTE
Statement
14
Name of Manager CARL SHAPIRO RUTH SHAPIRO
12300507 788779 fnd
Statement(s) 13, 26 2006.05000 CARL & RUTH SHAPIRO FAMILY FND
14 1
• .
04- 613soa1 FArnwY FoKN-bR11OrJ R^^cH SNPP1^Ro
S1ATt-^^
Status
Relationshi p
Prog ram Area
AccesSport America
Public Charity
None
Human Services
Project Support
$40,000
American Cancer Society
Public Charity
None
Health
Operating Support
$25,000
Amer. Friends of the Israel Phil. Orchest ra
Public Charity
None
Jewish Interests
Operating Support
$5,000
American Friends of Livnot U' lehibanot
Public Charity
None
Jewish Interests
Operating Support
$1,000
American Friends of the Israel Museum
Public Charity
None
Jewish Interests
Operating Support
$20,000
Amer. Friends of Weizmann Inst. of Sci .
Public Charity
None
Jewish Interests
Operating Support
$10,000
American Heart Association
Public Charity
None
Health
Operating Support
$10,000
American Jewish Committee
Public Charity
None
Jewish Interests
Operating Support
$20,000
American Society for the Technion
Public Charity
None
Jewish Interests
Operating Support
$25,000
Anti-Defamation League
Public Charity
None
Jewish Interests
Operating Support
$100,000
ARMDI
Public Charity
None
Jewish Interests
Operating Support
$25,000
Artists for Humanity
Public Charity
None
Arts & Culture
Project Support
$25,000
Associated Grant Makers
Public Charity
None
Other
Membership
$7,800
Associated Grant Makers
Public Charity
None
Other
Project Support
$20,000
Association of Small Foundations
Public Charity
None
Other
Membership
Autism Speaks
Public Charity
None
Health
Operating Support
$50,000
BalletRox
Public Charity
None
Arts & Culture
Project Support
$18,000
Belmont Hill School
Public Charity
None
Education
Operating Support
$2,500
Beth Israel Deaconess Medical Center
Public Charity
None
Health
Capital
$700,000
Beth Israel Deaconess Medical Center
Public Charity
None
Health
Operating Support
$31,000
BOSTnet
Public Charity
None
Human Services
Project Support
$40,000
Boston Ballet
Public Charity
None
Arts & Culture
Operating Support
$40,000
Boston Center for Independent Living
Public Charity
None
Human Services
Project Support
$20,000
Boston Chinatown Neighborhood Ctr
Public Charity
None
Human Services
Project Support
$25,000
The Boston Foundation
Public Charity
None
Human Services
Project Support
$10,000
Reci lent Name
Purpose of Grant
ISM PA4E Amount
$450
Oy- b13SoJ.-I CfMML
S?P1tjvENT -#If) P,4 6E 3,
R iii CRAP1R,O F Am%Lt RKn+bAmOO
Reci p ient Name
Status
Relationshi
Program Area
Pur p ose of Grant
Amount
Boston Medical Center
Public Charity
None
Health
Project Support
$25,000
Boston Symphony Orchestra
Public Charity
None
Arts & Culture
Operating Support
$45,000
Boys and Girls Clubs of Boston
Public Charity
None
Human Services
Project Support
$15,000
Brain Tumor Society
Public Charity
None
Health
Project Support
$10,000
Brandeis University
Public Charity
None
Education
Project Support
$51,500
Brandeis University
Public Charity
None
Education
Capital
$2,500,000
Brandeis University
Public Charity
None
Education
Capital
$350,000
Breast Cancer Research Foundation
Public Charity
None
Health
Operating Support
$11,500
Brigham & Women 's Hospital
Public Charity
None
Health
Capital
$1,600,000
Brigham & Women's Hospital
Public Charity
None
Health
Capital
$300,000
Brigham & Women 's Hospital
Public Charity
None
Health
Project Support
$574,000
Brimmer & May School
Public Charity
None
Education
Operating Support
$51,000
The Carroll Center for the Blind
Public Charity
None
Education
Project Support
$25,000
The Center for Teen Empowerment
Public Charity
None
Human Services
Project Support
$25,000
Chapel Hill Chauncy Hall School
Public Charity
None
Education
Operating Support
$5,000
Children 's Hospital
Public Charity
None
Health
Capital
$250,000
CityStage Co.
Public Charity
None
Arts & Culture
Project Support
$10,000
Clarke School for the Deaf
Public Charity
None
Human Services
Project Support
$15,000
Col. Daniel Marr Boys and Girls Club
Public Charity
None
Human Services
Operating Support
$500
Combined Jewish Philanthropies
Public Charity
None
Jewish Interests
Operating Support
$317,600
Community Art Center
Public Charity
None
Arts & Culture
Project Support
$15,000
Community Music Center
Public Charity
None
Arts & Culture
Project Support
$20,000
Community Rowing
Public Charity
None
Human Services
Project Support
$25,000
Cystic Fibrosis Foundation
Public Charity
None
Health
Operating Support
$10,000
D.E.A.F . Inc.
Public Charity
None
Human Services
Project Support
$40,000
•
' • 1QL & P, 11A
dy-6t3so17 SNAPIQo Farwt.Y FWA.00ATton1
Reci lent Name
Status
S7A7V-MEHT Relationshi
Program Area
Purp ose of Grant
I6- ,PnGE3 Amount
Dana Farber Cancer Institute
Public Charity
None
Health
Operating Support
$125,000
Facing History and Ourselves
Public Charity
None
Education
Operating Support
$25,000
Fed. Dorchester Neighborhood Houses
Public Charity
None
Arts & Culture
Project Support
$10,000
The Food Project
Public Charity
None
Human Services
Project Support
$35,000
Friends of the Boston Public Garden
Public Charity
None
Other
Operating Support
$2,500
Friends of the William E. Carter School
Public Charity
None
Education
Project Support
$35,000
Gift of Life Bone Marrow Foundation
Public Charity
None
Health
Operating Support
$35,000
Grantmakers in the Arts
Public Charity
None
Arts & Culture
Operating Support
$5,000
Hadassah
Public Charity
None
Jewish Interests
Project Support
$10,000
Handel and Haydn Society
Public Charity
None
Arts & Culture
Operating Support
$2,500
Harvard Graduate School of Education
Public Charity
None
Education
Operating Support
$2,500
Hebrew Senior Life
Public Charity
None
Jewish Interests
Project Support
$42,200
Hospice Foundation of PB County
Public Charity
None
Health
Project Support
$25,000
Huntington Theater Company
Public Charity
None
Arts & Culture
Project Support
$43,000
Huntington Theater Company
Public Charity
None
Arts & Culture
Capital
$25,000
Hyde Square Task Force
Public Charity
None
Arts & Culture
Project Support
$12,500
Inquilinos Boricuas en Action
Public Charity
None
Arts & Culture
Project Support
$15,000
Institute of Contemporary Art
Public Charity
None
Arts & Culture
Project Support
$15,000
Interfaithfamily .com
Public Charity
None
Jewish Interests
Operating Support
$2,500
Jewish Big Brother & Big Sister Assoc .
Public Charity
None
Jewish Interests
Project Support
$20,000
Jewish Comm. Ctrs of Greater Boston
Public Charity
None
Jewish Interests
Project Support
$30,000
Jewish Family and Children ' s Services
Public Charity
None
Jewish Interests
Operating Support
$30,000
Jewish Federation of PB County
Public Charity
None
Jewish Interests
Operating Support
$113,500
Jewish Guild for the Blind
Public Charity
None
Jewish Interests
Project Support
$5,000
o4-LI3So^7
• FAr+LL'/ F • C.AkL. I Rum SAp pltin Reci lent Name
DA'T1b0 Status
ST) TFMENT4/S PAG£ q Relationshi
Pro g ram Area
Pur p ose of Grant
Amount
Jewish Home for the Aged
Public Charity
None
Jewish Interests
Capital
$200,000
Jewish Home for the Aged
Public Charity
None
Jewish Interests
Project Support
$10,000
Jewish Theology Seminary
Public Charity
None
Jewish Interests
Operating Support
$3,600
Jewish Vocational Services
Public Charity
None
Jewish Interests
Project Support
$25,000
JFK Center for the Performing Arts
Public Charity
None
Arts & Culture
Operating Support
$25,000
Joslin Clinic
Public Charity
None
Health
Project Support
$50,000
Judge Baker Children 's Center
Public Charity
None
Human Services
Operating Support
$5,000
Kid's Wish Network
Public Charity
None
Human Services
Operating Support
$35
Kravis Center for Performing Arts
Public Charity
None
Arts & Culture
Capital
$300,000
Kravis Center for Performin g Arts
Public Charity
None
Arts & Culture
Operating Support
$30,000
Lafayette College
Public Charity
None
Education
Operating Support
$1,500
Leukemia and Lymphoma Society
Public Charity
None
Health
Operating Support
$22,500
Lymphoma Research Foundation
Public Charity
None
Health
Operating Support
$100,000
Lynne Cohen Fdn for Ovarian Cancer
Public Charity
None
Health
Operating Support
$1,500
MAB Community Services
Public Charity
None
Human Services
Project Support
$25,000
MassINC
Public Charity
None
Other
Operating Support
$5,000
Mujeres Unidas en Accion
Public Charity
None
Human Services
Project Support
$25,000
Muscular Dystrophy Association
Public Charity
None
Health
Operating Support
$10,000
Museum of Fine Arts
Public Charity
None
Arts & Culture
Project Support
$60,000
Nat. Center for Family Philanthropy
Public Charity
None
Other
Membership
$1,000
Nat. Council on Spinal Cord Injury
Public Charity
None
Health
Operating Support
$5,000
New England Eye Institute
Public Charity
None
Health
Project Support
$35,000
Norton Museum of Art
Public Charity
None
Arts & Culture
Capital
$100,000
Norton Museum of Art
Public Charity
None
Arts & Culture
Operating Support
$105,000
NYU Hospitals Center
Public Charity
None
Health
Project Support
$19,500
O^{^ 61350 1 ^R^& R^,^^yp $^AP1Rso ^AtrALy
Reci p ient Name
Fo-NppTlbt-)
S714l ) ENT * 15 , PAGE S
Status
Relationshi
Program Area
Pur p ose of Grant
ODWIN Learning Center
Public Charity
None
Education
Project Support
$25,000
One Family , Inc.
Public Charity
None
Human Services
Project Support
$35,000
Outdoor Explorations
Public Charity
None
Human Services
Project Support
$20,000
PB Community Chest United Way
Public Charity
None
Human Services
Operating Support
$107,000
Palm Beach Country Club Foundation
Public Charity
None
Arts & Culture
Operating Support
$4,000
PB County Assoc . for Retarded Citizens
Public Charity
None
Human Services
Project Support
$20,000
Palm Healthcare Foundation
Public Charity
None
Health
Operating Support
$5,000
Park School
Public Charity
None
Education
Operating Support
$42,500
Partners For Youth With Disabilities
Public Charity
None
Human Services
Project Support
$25,000
Piers Park Sailing
Public Charity
None
Human Services
Project Support
$25,000
Planned Parenthood
Public Charity
None
Health
Operating Support
$30,000
Preservation Society
Public Charity
None
Arts & Culture
Operating Support
$10,000
Project Hope
Public Charity
None
Human Services
Project Support
$30,000
Project STEP
Public Charity
None
Arts & Culture
Project Support
$12,500
Rehab Center for Children & Adults
Public Charity
None
Human Services
Operating Support
$10,000
Richard David Kann Melanoma Fdn
Public Charity
None
Health
Operating Support
$10,000
The Rivers School
Public Charity
None
Education
Operating Support
$3,000
Ronald McDonald House Charities
Public Charity
None
Human Services
Operating Support
$500
Sarah Lawrence College
Public Charity
None
Education
Operating Support
$5,000
Simon Wiesenthal Center
Public Charity
None
Jewish Interests
Operating Support
$10,000
Sippican Land Trust
Public Charity
None
Other
Operating Support
$20,000
Social Change Innovators
Public Charity
None
Human Services
Operating Support
$5,000
Society of Four Arts
Public Charity
None
Arts & Culture
Operating Support
$2,500
Spaulding Rehabilitation Hospital
Public Charity
None
Health
Operating Support
$2,500
Temple Israel
Public Charity
None
Jewish Interests
Operating Support
$3,600
Amount
o9 - 6 13S-,D),-7
• {LL
W SMAPIM FAMI-y r-0"bAT1cN
ST^Tn1ENT
-if P19GE
Status
Relationshi p
Pro g ram Area
Pur p ose of Grant
Tenacity
Public Charity
None
Human Services
Project Support
$35,000
TERC
Public Charity
None
Human Services
Project Support
$30,000
Thompson Island Outward Bound
Public Charity
None
Human Services
Project Support
$25,000
Trinity College
Public Charity
None
Education
Operating Support
$25,000
United South End Settlements
Public Charity
None
Arts & Culture
Project Support
$22,500
US Holocaust Memorial Museum
Public Charity
None
Jewish Interests
Project Support
$25,000
United Way of MA Bay
Public Charity
None
Human Services
Project Support
$10,000
University of Pennsylvania
Public Charity
None
Education
Operating Support
$2,500
Urban Improv
Public Charity
None
Arts & Culture
Project Support
$10,000
Vinfen Corporation
Public Charity
None
Human Services
Project Support
$25,000
VSA Arts of MA
Public Charity
None
Human Services
Project Support
$25,000
Wang Center
Public Charity
None
Arts & Culture
Project Support
$32,000
Wellesley College
Public Charity
None
Education
Operating Support
$5,000
Winsor School
Public Charity
None
Education
Operating Support
$5,000
Women 's Lunch Place
Public Charity
None
Human Services
Operating Support
$2,000
Zumix
Public Charity
None
Arts & Culture
Project Support
Reci lent Name
Total N umber of Organizations
Amount
$25,000 $10 ,159,785 130
Form'm0 Department of the Treasury Internal Revenue Service
^ See separate Instructions. 10, Attach to the corporation's tax return .
Form
2006
9 9 0 -PF
Employer identification number 04-6135027
Name CARL
OMB No 1545-0142
Underpayment of Estimated Tax by Corporations & RUTH SHAPIRO FAMILY FOUNDATION
Note: Generally, the corporation is not required to file Form 2220 (see Part II below for exceptions) because the IRS will figure any penalty owed and bill the corporation However, the corporation may still use Form 2220 to figure the penalty If so, enter the amount from page 2, line 34 on the estimated tax penalty line of the corporation's income tax return, but do not attach Form 2220
Required Annual Payment
Part !
1
Total tax (see instructions)
1
2a
2 a Personal holding company tax (Schedule PH (Form 1120), line 26) included on line 1 b Look-back interest included on line 1 under section 460(b)(2) for completed long-term contracts or of section 167(g) for depreciation under the income forecast method
2b
2c . . c Credit for Federal tax paid on fuels (see instructions) d Total . Add lines 2a through 2c 3 Subtract line 2d from line 1 If the result is less than $500, do not complete or file this form. The corporation
2d
..
does not owe the penalty 4 Enter the tax shown on the corporation's 2005 income tax return (see instructions) Caution : If the tax Is zero
3
Required annual payment . Enter the smaller of line 3 or line 4. If the corporation is required to skip line 4, 5 enter the amount from line 3 must file Form 2220 are checked, the corporation boxes below that apply. If any boxes Reasons for Filing - Check the Part 11 even if it does not owe a penalty (see instructions).
r,98507
The corporation is using the adjusted seasonal installment method The corporation is using the annualized income installment method
6 7 8
598507.
4
or the tax year was for less than 12 months , skip this line and enter the amount from line 3 on line 5 5
598507.
first re q uired installment based on the p rior year's tax
0 The co rp oration is a 'larcorp oration' fi g urin g 104xr* 111 Vin,,rinn t hn I Inrlnrn 1umont
9
10
11
Installment due dates . Enter in columns (a) through (d) the 15th day of the 4th ( Form 990 - PF fliers: Use 5th month ), 9th , and 12th months of the corporation ' s tax ytea Required Installments . If the box on line 6 and /or line 7 above is checked , enter the amounts from Sch A , line 38 If the box on line 8 (but not 6 or 7) is checked, see instructions for the amounts to enter If none of these boxes are checked, enter 25% of line 5 above in each col Special rules apply to corporations with assets of $ 1 billion or more ( see Instr) Estimated tax paid or credited for each period (see instructions ) For column (a) only , enter the amount
from line 11 on line 15
12 13 14 15 16 17
18
Complete lines 12 through 18 of one column before going to the next column. Enter amount , if any, from line 18 of the preceding column Add lines 11 and 12 Add amounts on lines 16 and 17 of the preceding column Subtract line 14 from line 13 . If zero or less , enter -0-
9
(a)
(b)
05/15/06
06/15/06
10
149627.
149627.
11
191000.
191000.
41373. 13 .232373. 12
09/15/06
149626.
12/15/06
149627. 220000 .
82746. 82746.
220000.
82 746
15 312 0 .
6 6 880.
14 15
If the amount on line 15 Is zero, subtract line 13 from line 14 Otherwise , enter -0-
2 32 37 3 . 0
Underpayment . If line 15 is less than or equal to line 10, subtract line 15 from line 10. Then go to line 12 of the next column . Otherwise , go to line 18 . .
d
c
17
0
66880
Overpayment . If line 10 Is less than line 15, subtract line 10 82 746 . 18 from line 15 Then g o to line 12 of the next column Go to Part IV on page 2 to figure the penalty Do not go to Part IV if there are no entries on line 17 - no penalty is owed.
JWA 612801
For Paperwork Reduction Act Notice , see separate Instructions .
Form 2220 (2006)
01-15-07
12300507
788779 fnd
27 2006.05000 CARL & RUTH SHAPIRO FAMILY
FND
1
Form 990-PF Form MO ( 2006 ) Pert 13f
CARL
& RUTH
SHAPIRO FAMILY FOUNDATION
Page 2
Figuring the Penalty
19 Enter the date of payment or the 15th day of the 3rd month after the close of the tax year, whichever is earlier (see instructions ). (Form 990 - PF and Form 990-T filers : Use 5th month instead of 3rd month.) 20
04-6135027
19
Number of days from due date of Installment on line 9 to the date shown on line 19
21
Number of days on line 20 after 4/1 512 006 and before 7/1/2006
22
Underpayment on line 17 x Number of days on line 21 x 7% 365
23
Number of days on line 20 after 6/30/2006 and before 4/1/2007
24
Underpayment on line 17 x Number of days on line 23 x 8% 365
25
Number of days online 20 after 3/31/2007 and before 7/1/2007
26
Underpayment on line 17 x Number of days on line 25 X'% 365
27
Number of days on line 20 after 6/30/2007 and before 10/1/2007
28
Underpayment on line 17 x Number of days on line 27 x 365
29
Number of days on line 20 after 9/30/2007 and before 1/1/2008
30
Underpayment on line 17 x Number of days on line 29 x 365
31
Number of days on line 20 after 12/31/2007 and before 2/16/2008
32
Underpayment on line 17 x Number of days on line 31 x •% 366
33
Add lines 22, 24, 26, 28, 30, end 32
20
Seel Attached Worksheet
34 Penalty . Add columns (a) through (d), of line 33 . Enter the total here and on Form 1120, line 33,
1275. * For underpayments paid after March 31, 2007: For lines 26, 28, 30, and 32, use the penalty interest rate for each calendar quarter, which the IRS will determine during the first month in the preceding quarter. These rates are published quarterly in an IRS News Release and in a revenue ruling in the Internal Revenue Bulletin To obtain this information on the Internet, access the IRS website at www.irs .gov. You can also call 1-800-829-4933 to get interest rate information.
Form 2220 (2006)
JWA
612802 01-15-07
12300507 788779 fnd
28 2006.05000 CARL & RUTH SHAPIRO FAMILY
FND
1
Form 990-PF UNDERPAYMENT OF ESTIMATED TAX WORKSHEET
Identifying Number
Name ( s)
04-6135027
CARL & RUTH SHAPIRO FAMILY FOUNDATION (A)
(B)
NDate
Amount
(C) Adjusted Balance Due
(D ) Number Days Balance Due
( E) Daily Penalty Rate
(F) Penalty
-0-
05/15/06
149627.
149627.
05/15/06
-191000.
-41373.
06/12/06
-191000.
-232373.
06/15/06
149627.
-82746.
09/15/06
149626.
66880.
12/11/06
-220000.
-153120.
12/15/06
149627.
-3493.
87
1275.
.000219178
1275.
Penalty Due ( Sum of Column F) • Date of estimated tax payment, withholding credit date or installment due date 612511 05-01-06
29 12300507
788779 fnd
2006.05000 CARL & RUTH SHAPIRO FAMILY
FND
OMB No 1545-0172
For4562
Depreciation and Amortization
990-PF
2006
(Including Information on Listed Property)
Department of the Treasury Internal Revenue Service Name (s) shown on return
^ See separate instructions.
Attachment Sequence No 67 Identifying number
^ Attach to your tax return. Business or activity to which this form relates
CARL & RUTH SHAPIRO FAMILY FOUNDATION
orm 990-PF Page 1
)4-6135027 >mplete Part / 108000.
11 Election To Expense Certain Property Under Section 179 Note : If you have an v fisted property. complete Part V before Maximum amount. See the instructions for a higher limit for certain businesses 2 Total cost of section 179 property placed in service (see instructions) Threshold cost of section 179 property before reduction in limitation 4 Reduction in limitation. Subtract line 3 from line 2. If zero or less, enter -0Dollar limitation for tax year Subtract line 4 from line 1 If zero or less, enter -0- If married filing separately , see Instructions 5
IP 1 2 3 4 5
(a) Description of property
6
(b) cost (business use only)
430000.
(c) Elected cost
7 Listed property. Enter the amount from line 29 _ 1 7 1 8 Total elected cost of section 179 property. Add amounts in column (c), lines 6 and 7 9 Tentative deduction. Enter the smaller of line 5 or line 8 10 Carryover of disallowed deduction from line 13 of your 2005 Form 4562 11 Business income limitation. Enter the smaller of business income (not less than zero) or line 5 12 Section 179 expense deduction. Add lines 9 and 10, but do not enter more than line 11 13 Carryover of disallowed deduction to 2007. Add lines 9 and 10, less line 12 ^ 13 Note : Do not use Part ll or Part 111 below for listed property. Instead, use Part V.
9
Part It I Special Depreciation Allowance and Other Depreciation (Do not include listed propel 14 Special allowance for qualified New York Liberty or Gulf Opportunity Zone property (other than listed property) placed in service during the tax year . 15 Property subject to section 168(f)(1) election 18 Other deorectatlon (including ACRS) cart HII I MACRS Depreciation (Do not include listed property.) (See Instructions.) Section A 17 MACRS deductions for assets placed in service in tax years beginning before 2006
.
18 If you are electing to group any assets placed in service during the tax year Into one or more general asset accounts , check here
333.
17 ^
Section B - Assets Placed in Service During 2006 Tax Year Using the General Depreciation System (a) Classification of property
19a c
h i
(b) Month and year placed in service
3-year property 5-year p ro p ert y 7-year propert y 10 O -year property
(c) Basis for depreciation (buslnesslnvestment use only - see Instructions)
(d) Recovery pe ri od
430. 5 Yrs.
(f) Method
MQ
200DB
(g) Depreciation deduction
22.
S/L MM S/L MM S/L MM 39 yrs. / Nonresidential real property / MM S/L Section C - Assets Placed in Service During 2006 Tax Year Using the Alternative Depreciation System Residential rental property
27.5 yrs. 27.5 yrs.
/ /
20a b c
Class life 12 ear 12 yrs. 40-year 40 yrs. I partly I Summary (see instructions) 21 Listed property. Enter amount from line 28 22 Total . Add amounts from line 12, lines 14 through 17, lines 19 and 20 in column (g), and line 21. Enter here and on the appropriate lines of your return. Partnerships and S corporations - see ins 23 For assets shown above and placed in service during the current year, enter the portion of the basis attributable to section 263A costs 23 e10-17-06
( e) Convention
MM
S/L S/L S/L
LHA For Paperwork Reduction Act Notice , see separate instructions.
12300507 788779 fnd
30 2006.05000 CARL & RUTH SHAPIRO FAMILY
355.
Form 4562 (2006)
FND
1
Forrri 4562 (2006) CARL & RUTH S HAP I RO FAMILY FOUNDATION 04-6135027 Page 2 r Listed Property (Include automobiles, certain other vehicles, cellular telephones, certain computers, and property used for entertainment, recreation, or amusement.) Note: For any vehicle for which you are using the standard mileage rate or deducting lease expense, complete only 24a, 24b, columns (a) through (c) of Section A, all of Section B, and Section C if applicable. Section A - Depreciation and Other Information (Caution : See the instructions for limits for passenger automobiles.) zga
UU
UU IIAVe UVIUYIIGM LU SUFI
(a) Type of property (list vehicles first)
Ull the UUSlli bb/IIIVCbthhlClll use l:Io1111Bu I
(b) Date placed in service
(c) Business/ investment use percentage
(CO Cost or other basis
L_.l Tes
Z40 IT - T es - is Tne evide nce wnrten"r L
II NO
(e)
(0 Recovery period
Basis for depredation (business/investment use only)
(9) Method/ Convention
25 Special allowance for qualified New York Liberty or Gulf Opportunity Zone property placed in service during the tax year and used more than 50% in a q ualified business use
(h) Depreciation deduction
J Yes I_-_J No
(1) Elected section 179
cost
25
27 Prooertv u S/L S/L
% 28 Add amounts in column (h), lines 25 through 27. Enter here and on line 21, page 1 29 Add amounts in column (i), line 26. Enter here and on line 7, page 1
28
29 Section B - Information on Use of Vehicles Complete this section for vehicles used by a sole proprietor, partner, or other more than 5% owner," or related person. If you provided vehicles to your employees, first answer the questions in Section C to see if you meet an exception to completing this section for those vehicles.
30 Total businesslinvestment miles driven during the year (do not include commuting miles) 31 Total commuting miles driven during the year 32 Total other personal (noncommuting) miles driven 33 Total miles driven during the year. Add lines 30 through 32 34 Was the vehicle available for personal use during off-duty hours? 35 Was the vehicle used primarily by a more than 5% owner or related person? 36 Is another vehicle available for personal use?
(b) Vehicle
(a) Vehicle
Yes
No
Yes
(c) Vehicle
No
Yes
(d) Vehicle
No
Yes
(f) Vehicle
(e) Vehicle
No
Yes
No
Yes
No
Section C - Questions for Employers Who Provide Vehicles for Use by Their Employees Answer these questions to determine if you meet an exception to completing Section B for vehicles used by employees who are not more than 5% owners or related persons. No 37 Do you maintain a written policy statement that prohibits all personal use of vehicles, including commuting, by your Yes employees? . 38 Do you maintain a written policy statement that prohibits personal use of vehicles, except commuting, by your employees? See the instructions for vehicles used by corporate officers, directors, or 1 % or more owners 39 Do you treat all use of vehicles by employees as personal use? 40 Do you provide more than five vehicles to your employees, obtain information from your employees about the use of the vehicles, and retain the information received? . 41 Do you meet the requirements concerning qualified automobile demonstration use? Note: If your answer to 37, 38, 39, 40, or 41 is "Yes, " do not complete Section B for the covered vehicles. Amortization (a) Description of costs
(b) Daleamortful n begins
Nc) Amortizable amount
(d) Code section
(e) Amortzaton rieliod or pet ruSOE
(f) Amortization for this year
42 Amortization of costs that begins during your 2006 tax year:
43 Amortization of costs that began before your 2006 tax year 44 Total. Add amounts in column (f). See the instructions for where to report
43 44 Form 4562 (2006)
616252/10.17-06
12300507 788779 fnd
31 2006.05000 CARL & RUTH SHAPIRO FAMILY
FND
1
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