Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2012
Open to Public Inspection
For calendar year 2012, or tax year beginning 01-01-2012 , and ending 12-31-2012
Name of foundation
BLUE FOUNDATION
 
% CLARE MUNANA
Number and street (or P.O. box number if mail is not delivered to street address)5 SOUTH WABASH AVENUESuite 2110Room/suite
City or town, state, and ZIP code
CHICAGO, IL606033041
A Employer identification number

26-1919507
B Telephone number (see instructions)

(312) 219-2455
C bullet
G Check all that apply:

D 1. bullet
2. bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$4,103,322J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 192,534
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 147,626 147,626  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 21,129
b Gross sales price for all assets on line 6a 404,898
7 Capital gain net income (from Part IV, line 2)... 21,129
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 361,289 168,755  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 5,400 0 0 5,400
c Other professional fees (attach schedule).... Click to see attachment 30,379 30,379    
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 3,132      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 30 0 0 25
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 38,941 30,379 0 5,425
25 Contributions, gifts, grants paid........ 545,143 545,143
26 Total expenses and disbursements. Add lines 24 and 25 584,084 30,379 0 550,568
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -222,795
b Net investment income (if negative, enter -0-) 138,376
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2012)
Form 990-PF (2012)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 391,384 159,824 159,824
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........      
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 3,206,885 Click to see attachment3,215,650 3,943,498
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,598,269 3,375,474 4,103,322
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 3,598,269 3,375,474
30 Total net assets or fund balances (see page 17 of the
instructions).................... 3,598,269 3,375,474
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 3,598,269 3,375,474
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 3,598,269
2 Enter amount from Part I, line 27a..................... 2 -222,795
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 3,375,474
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 3,375,474
Form 990-PF (2012)
Form 990-PF (2012)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a 460.00 SHS ALEXION PHARMA INC. D 2012-09-07 2012-09-12
b 375.00 SHS SALESFORCE.COM D 2012-09-07 2012-09-12
c 175.00 SHS SALESFORCE.COM D 2012-09-07 2012-09-12
d 13,533.0410 SHS HUSSMAN STRATEGIC GROWTH   2010-12-14 2012-09-14
e 13,931.659 SHS PIMCO COMMODITY REAL   2009-03-04 2012-09-14
CAPITAL GAIN DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 50,093   50,411 -318
b 57,490   55,993 1,497
c 26,829   26,130 699
d 145,726   170,000 -24,274
e 102,790   81,235 21,555
      21,970
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       -318
b       1,497
c       699
d       -24,274
e       21,555
       
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 21,129
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2011 446,575 4,250,332 0.105068
2010 656,402 4,389,973 0.149523
2009 389,294 3,930,143 0.099053
2008 159,739 3,857,901 0.041406
2007 929,925 4,901,399 0.189726
2 Total of line 1, column (d) ...................... 2 0.584776
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 0.116955
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 4,118,328
5 Multiply line 4 by line 3....................... 5 481,659
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,384
7 Add lines 5 and 6......................... 7 483,043
8 Enter qualifying distributions from Part XII, line 4.............. 8 550,568
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2012)
Form 990-PF (2012)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 1,384
hereBulletand 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-) 2  
3 Add lines 1 and 2............................ 3 1,384
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,384
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a 4,000
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 4,000
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,616
11 Enter the amount of line 10 to be: Credited to 2013 estimated taxBullet2,616 Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is “Yes” to 1a or 1b, 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?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
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....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletIL
    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 .
    8b
    Yes
     
    9
    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 2012 or the taxable year beginning in 2012 (see instructions for Part XIV)?
    If “Yes,” complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
    Yes
     
    11
    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) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletCLARE MUNANA Telephone no.bullet
    Located atbullet5 SOUTH WABASH AVENUECHICAGOIL ZIP+4bullet606033041
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2012, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
     
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 5
    Part VII-B
    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.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (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)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    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 2012?.............
    1c
     
    No
    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(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2012, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2012?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    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.) ..............
    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.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If “Yes,” did it have excess business holdings in 2012 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2012.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
     
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2012?
    4b
     
     
    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)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?........................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    CLARE MUNANA PRESIDENT/DIRECTOR
    1.0     		0    
    5 South Wabash Avenue
    CHICAGO,IL60603
    SUZANN STOCK DIRECTOR
    1.0     		0    
    5 South Wabash Avenue
    CHICAGO,IL60603
    RIC ESTRADA DIRECTOR
    1.0     		0    
    ERIE HOUSE
    CHICAGO,IL60622
    CHARLES MCCARTNEY DIRECTOR
    1.0     		0    
    5 South Wabash Avenue
    CHICAGO,IL60603
    MADELEINE MCCARTNEY DIRECTOR
    1.0     		0    
    5 South Wabash Avenue
    CHICAGO,IL60601
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
     
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    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. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    3,906,067
    b
    Average of monthly cash balances.......................
    1b
    274,977
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,181,044
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    4,181,044
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) .............................
    4
    62,716
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,118,328
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    205,916
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    205,916
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    1,384
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,384
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    204,532
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    204,532
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    204,532
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    550,568
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    550,568
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    1,384
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    549,184
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2011     		(c)
    2011     		(d)
    2012
    1 Distributable amount for 2012 from Part XI, line 7 204,532
    2 Undistributed income, if any, as of the end of 2012:
    a Enter amount for 2011 only....... 0
    b Total for prior years:2010, 2009, 2008  
    3 Excess distributions carryover, if any, to 2012:
    a From 2007....... 67,239
    b From 2008....... 92,944
    c From 2009....... 198,524
    d From 2010....... 445,413
    e From 2011....... 237,855
    fTotal of lines 3a through e......... 1,041,975
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 550,568
    a Applied to 2011, but not more than line 2a 0
    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 2012 distributable amount..... 204,532
    e Remaining amount distributed out of corpus 346,036
    5 Excess distributions carryover applied to 2012.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,388,011
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2011. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2012. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2013 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		 
    8Excess distributions carryover from 2007 not
    applied on line 5 or line 7 (see instructions) ...     		67,239
    9Excess distributions carryover to 2013.
    Subtract lines 7 and 8 from line 6a ......     		1,320,772
    10 Analysis of line 9:
    a Excess from 2008.... 92,944
    b Excess from 2009.... 198,524
    c Excess from 2010.... 445,413
    d Excess from 2011.... 237,855
    e Excess from 2012.... 346,036
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 9
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2012, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2012 (b) 2011 (c) 2010 (d) 2009
             
    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(j)(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(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    CLARE M MUNANA
    bList 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.
    NA
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail of the person to whom applications should be addressed:
    CLARE MUNANA
    150 N MICHIGAN AVENUE SUITE 2800
    CHICAGO,IL60601
    (312) 624-7685
    bThe form in which applications should be submitted and information and materials they should include:
    ANY
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Art Institute of Chicago
    111 South Michigan Avenue
    Chicago,IL60603     		N/A PUBLIC REPRESENTING THE WORLD'S DIVERSE ARTISTIC TRADITIONS, FOR THE INSPIRATION AND EDUCATION OF THE PUBLIC 1,400
    Academy for Global Citizenship
    4647 W 47th Street
    Chicago,IL60632     		N/A PUBLIC EMPOWER STUDENTS TO POSITIVELY IMPACT THE COMMUNITY AND WORLD BEYOND 500
    Alliance Francaise
    810 N Dearborn St
    Chicago,IL60610     		N/A PUBLIC EDUCATIONAL OUTREACH PROGRAM 5,000
    Aspen Institute
    One Dupont Circle NW 700
    Washington,DC20036     		N/A PUBLIC INTERNATIONAL COMMITTEE SPONSORSHIP 3,000
    Aspen Institute
    One Dupont Circle NW 700
    Washington,DC20036     		N/A PUBLIC SUPPORT GLOBAL INITIATIVE ON CULTURE 10,000
    Aspen Institute
    One Dupont Circle NW 700
    Washington,DC20036     		N/A PUBLIC SCHOLARSHIPS 9,450
    Breast Cancer Research Foundation
    60 East 56th Street 8th Floor
    New York,NY10022     		N/A PUBLIC BREAST CANCER RESEARCH 2,500
    Brain Research Foundation
    111 W WASHINGTON STREET SUITE 171
    Chicago,IL60602     		N/A PUBLIC BRAIN CANCER RESEARCH 10,000
    CHANGING WORLDS
    329 W 18TH STREET SUITE 613
    Chicago,IL60616     		N/A PUBLIC SUPPORT YOUTH PROGRAMS 500
    Chicago Council on Global Affairs
    332 SOUTH MICHIGAN AVENUE SUITE 11
    Chicago,IL60604     		N/A PUBLIC GENERAL FUND 500
    Chicago Council on Global Affairs
    332 SOUTH MICHIGAN AVENUE SUITE 11
    Chicago,IL60604     		N/A PUBLIC BOARD ANNUAL FUND 10,000
    Chicago Chamber Musicians
    180 N Stetson Ave Ste 1330
    Chicago,IL60601     		N/A PUBLIC GENERAL FUND 1,000
    Chicago Community Trust
    111 East Wacker Dr Ste 1400
    Chicago,IL60601     		N/A PUBLIC LATINO HERITAGE ENDOWMENT FUND 5,000
    CHICAGO HIGH SCHOOL FOR THE ARTS
    521 EAST 35TH STREET
    Chicago,IL60616     		N/A PUBLIC SCHOLARSHIPS 20,000
    CHICAGO PUBLIC LIBRARY FOUNDATION
    20 NORTH MICHIGAN AVENUE SUITE 520
    Chicago,IL60602     		N/A PUBLIC READING PROGRAM CAMPAIGN 100
    Chicago History Museum
    1601 NORTH CLARK STREET
    Chicago,IL60614     		N/A PUBLIC General Fund 1,000
    Communities in Schools of Chicago
    815 West Van Buren Suite 300
    Chicago,IL60607     		N/A PUBLIC GENERAL FUND 200
    Chicago Run
    3611 N Kedzie
    Chicago,IL60618     		N/A PUBLIC PROMOTE THE HEALTH AND WELLNESS OF CHICAGO CHILDREN 500
    Chicago Shakespeare Theater
    800 E Grand Ave
    Chicago,IL60611     		N/A PUBLIC SUPPORT ART EDUCATION AND LITERACY 2,000
    Chicago Sister Cities
    78 E WASHINGTON
    Chicago,IL60602     		N/A PUBLIC BUILDING BRIDGES CAMPAIGN 150
    Chicago Symphony Orchestra
    220 South Michigan Avenue
    Chicago,IL60604     		N/A PUBLIC GENERAL FUND 3,500
    The Civic Federation
    177 NORTH STATE STREET SUITE 400
    Chicago,IL60601     		N/A PUBLIC PROMOTE RATIONAL TAX POLICIES AND IMPROVE GOVERNMENT EFFICIENCIES 300
    Chicago United
    300 East Randolph Street
    Chicago,IL60601     		N/A PUBLIC General Fund 1,000
    El Valor
    1850 W 21st Street
    Chicago,IL60608     		N/A PUBLIC GENERAL FUND 500
    Erie Neighborhood House
    1701 WEST SUPERIOR
    Chicago,IL60622     		N/A PUBLIC GENERAL FUND 1,000
    THE Field Museum
    1400 South Lake Shore Drive
    Chicago,IL60605     		N/A PUBLIC GENERAL FUND 6,000
    FOCUS
    603 PARK POINT DR
    GENESEE,CO80401     		N/A PUBLIC GENERAL FUND 1,000
    Free Spirit Media
    1615 S CHRISTIANA AVENUE
    Chicago,IL60623     		N/A PUBLIC GENERAL FUND 500
    Goodman Theatre
    170 N Dearborn
    Chicago,IL60601     		N/A PUBLIC SPONSOR GOOODMAN PRODUCTION 250
    KIDS IN DANGER
    116 W ILLINOIS SUITE 5E
    Chicago,IL60654     		N/A PUBLIC PROMOTE SAFER CHILDREN'S PRODUCTS 500
    LAKE TANGANYIKA FLOATING HEALTH CLINIC
    1646 N LEAVITT STREET
    CHICAGO,IL60647     		N/A PUBLIC GENERAL FUND 500
    Johns Hopkins University
    SAN MARTIN CENTER 3400 N Charles S
    Baltimore,MD21218     		N/A PUBLIC SUPPORT NIAMOGUE FELLOWSHIP AND BOLOGNA CENTER 60,000
    Latino Policy Forum
    180 N Michigan Ave Ste 1250
    Chicago,IL60601     		N/A PUBLIC FACILITATE INVOLVEMENT OF LATINOS AT ALL LEVELS OF PUBLIC DECISION MAKING 5,000
    Lycee Francais
    613 W Bittersweet Place
    Chicago,IL60613     		N/A PUBLIC GENERAL FUND 5,000
    Metropolitan Museum of Art
    1000 Fifth Avenue
    New York,NY10028     		N/A PUBLIC GENERAL FUND 275
    Metropolitan Planning Council
    140 S Dearborn ST Ste 1400
    Chicago,IL60603     		N/A PUBLIC GENERAL FUND 200
    METROsquash
    5655 S University Avenue
    Chicago,IL60637     		N/A PUBLIC TOURNAMENT SPONSORSHIP AND CAPITAL CAMPAIGN 4,000
    Mujeres Latinas en Accion
    2124 W 21st Place
    Chicago,IL60608     		N/A PUBLIC EMPOWER LATINAS WITH KNOWLEDGE, RESOURCES AND OPPORTUNITIES 500
    National Museum of Mexican Art
    1852 W 19th Street
    Chicago,IL60608     		N/A PUBLIC Annual General Fund 25,000
    National Museum of Mexican Art
    1852 W 19th Street
    Chicago,IL60608     		N/A PUBLIC General Fund 10,000
    OGDEN INTERNATIONAL SCHOOL OF CHICAGO
    24 W WALTON STREET
    Chicago,IL60610     		N/A PUBLIC GENERAL FUND 100
    OGDEN INTERNATIONAL SCHOOL OF CHICAGO
    24 W WALTON STREET
    CHICAGO,IL60610     		N/A PUBLIC GENERAL FUND 125
    Princeton University
    330 Alexander Street
    Princeton,NJ08540     		N/A PUBLIC PARENTS FUND 25,000
    QUOGUE ASSOCIATION
    PO BOX 671
    Quogue,NY11959     		N/A PUBLIC GENERAL FUND 25
    THE Resource Foundation
    237 W 35th Street Suite 1203
    New York,NY10001     		N/A PUBLIC GENERAL FUND 10,000
    Stanford University
    326 Galvez Street
    Stanford,CA94305     		N/A PUBLIC STANDFORD FUND FOR UNDERGRADUATE EDUCATION 5,000
    Surf Club of Quogue
    54 Dune Road
    Quogue,NY11959     		N/A PUBLIC Scholarship Fund 300
    Suzuki-Orff School of Music
    1148 W Chicago Avenue
    Chicago,IL60642     		N/A PUBLIC SUPPORT QUALITY MUSIC EDUCATION IN PUBLIC SCHOOLS 10,000
    OUNCE OF PREVENTION FUND
    33 WEST MONROE STREET SUITE 2400
    CHICAGO,IL60603     		N/A PUBLIC ANNUAL GENERAL FUND 500
    University Club FOUNDATION
    76 East Monroe Street
    Chicago,IL60603     		N/A PUBLIC GENERAL FUND 5,000
    Young Women's Leadership Charter School
    2641 South Calumet Avenue
    Chicago,IL60616     		N/A PUBLIC GENERAL FUND 500
    Aspen Community Foundation
    110 E Hallam Street Suite 126
    Aspen,CO81611     		N/A PUBLIC JESSICA AND HENRY CATTO MEMORIAL FUND 1,000
    Benito Juarez Community Academy
    2150 S Laflin Street
    Chicago,IL60608     		N/A PUBLIC ON-LINE LEARNING SCHOLARSHIPS 16,875
    Benito Juarez Community Academy
    2150 S Laflin Street
    Chicago,IL60608     		N/A PUBLIC ON-LINE LEARNING SCHOLARSHIPS 1,463
    Benito Juarez Community Academy
    2150 S Laflin Street
    Chicago,IL60608     		N/A PUBLIC ON-LINE LEARNING COURSES 5,000
    Boston College
    140 Commonwealth Avenue
    Chestnut Hill,MA02467     		N/A PUBLIC SCHOLARSHIPS 50,000
    Breast Cancer Research Foundation
    60 East 56th Street 8th Floor
    New York,NY10022     		N/A PUBLIC BREAST CANCER RESEARCH 1,000
    CHICAGO COUNCIL ON GLOBAL AFFAIRS
    332 SOUTH MICHIGAN AVENUE SUITE 11
    CHICAGO,IL60604     		N/A PUBLIC GUS HART FELLOWSHIP 5,000
    CHICAGO MILITARY ACADEMY
    3519 S GILES
    CHICAGO,IL60653     		N/A PUBLIC SUPPORT AVENTA ONLINE LEARNING 2,500
    CHICAGO MILITARY ACADEMY
    3519 S GILES
    CHICAGO,IL60653     		N/A PUBLIC SUPPORT AVENTA ONLINE LEARNING 3,000
    ERIE ELEMENTARY CHARTER SCHOOL
    1405 N WASHTENAW AVENUE
    CHICAGO,IL60622     		N/A PUBLIC GENERAL FUND 2,500
    THE FIELD MUSEUM
    1400 SOUTH LAKE SHORE DRIVE
    CHICAGO,IL60605     		N/A PUBLIC ANNUAL TRUSTEE FUND 30,000
    FIRST PRINCIPALS
    5 N MICHIGAN AVE APT 3317
    CHICAGO,IL60617     		N/A PUBLIC GENERAL FUND 1,000
    GREENHOUSE SCHOLARS
    1881 9TH STREET SUITE 200
    BOULDER,CO80302     		N/A PUBLIC GENERAL FUND 500
    ILLINOIS STATE CHARTER SCHOOL COMMISSION
    160 NORTH LASALLE STREET SUITE S-6
    CHICAGO,IL60601     		N/A PUBLIC GENERAL OPERATING SUPPORT 1,000
    INACOL
    1934 OLD GALLOWS ROAD SUITE 350
    VIENNA,VA22182     		N/A PUBLIC SUPPORT ONLINE AND BLENDED EDUCATION 10,000
    LATINOS PROGRESANDO
    3047 W CERMAK ROAD
    CHICAGO,IL60623     		N/A PUBLIC SPONSORSHIP - TOMORROW'S HEROES TODAY EVENT 1,000
    METROPOLITAN PLANNING COUNCIL
    140 S DEARBORN ST SUITE 1400
    CHICAGO,IL60603     		N/S PUBLIC GENERAL FUND 30
    METROPOLITAN PLANNING COUNCIL
    140 S DEARBORN ST SUITE 1400
    CHICAGO,IL60603     		N/A PUBLIC GENERAL FUND 100
    METROSQUASH
    5655 SOUTH UNIVERSITY AVENUE
    CHICAGO,IL60637     		N/A PUBLIC GENERAL FUND 5,000
    NATIONAL LATINO EDUCATION INSTITUTE
    2011 W PERSHING ROAD
    CHICAGO,IL60609     		N/A PUBLIC GENERAL FUND 300
    NORTHWESTERN SETTLEMENT
    1400 AUGUSTA BLVD
    CHICAGO,IL60642     		N/A PUBLIC SUPPORT ROWE ELEMENTARY SCHOOL 500
    VIVE EN FORMA
    427 CYPRUS CIRCLE
    LAKE VILLA,IL60046     		N/A PUBLIC GENERAL FUND 1,000
    QUOGUE JUNIOR THEATER TROUPE
    BOX 427
    QUOGUE,NY11959     		N/A PUBLIC SUPPORT JUNIOR THEATER TROUPE 1,000
    POSSE FOUNDATION INC
    111 WEST JACKSON BOULEVARD
    CHICAGO,IL60604     		N/A PUBLIC GENERAL FUND 1,000
    TEACH FOR AMERICA
    300 WEST ADAMS STREET SUITE 1000
    CHICAGO,IL60606     		N/A PUBLIC GENERAL FUND 5,000
    DE LA SALLE INSTITUTE
    3455 SOUTH WABASH AVE
    CHICAGO,IL60616     		N/A PUBLIC TOLTON ADULT EDUCATION CENTER 500
    SMILE TRAIN
    41 MADISON AVENUE 28TH FLOOR
    NEW YORK,NY10010     		N/A PUBLIC SURGICAL CLEFT REPAIR 500
    WOODROW WILSON INTERNATIONAL CENTER FOR SCHOLARS
    ONE WOODROW WILSON PLAZA
    1300 PENNSYLVANIA AVENUE NW
    WASHINGTON,DC20004     		N/A PUBLIC TO UNITE THE WORLD OF IDEAS TO THE WORLD OF POLICY IN A SETTING FREE OF PARTISANSHIP AND ADVOCACY. 10,000
    SOUTH CHICAGO ART CENTER
    3217 E 91ST STREET
    CHICAGO,IL60617     		N/A PUBLIC SUPPORT VISUAL ARTS PROGRAMMING 100
    SPARK CHICAGO
    223 W JACKSON STREET SUITE 600
    CHICAGO,IL60606     		N/A PUBLIC TO HELP ADDRESS THE DROP-OUT CRISIS WITH HANDS-ON, WORKPLACE APPRENTICESHIPS. 1,000
    STANFORD UNIVERSITY
    326 GALVEZ STREET
    STANFORD,CA94305     		N/A PUBLIC WOMENT'S CREW - SKEG CLUB 1,000
    US FUND FOR UNICEF
    500 N MICHIGAN AVENUE
    CHICAGO,IL60611     		N/A PUBLIC GENERAL FUND 1,000
    NORTHWESTERN UNIVERSITY
    1201 DAVIS STREET
    EVANSTON,IL60208     		N/A PUBLIC BLUE FOUNDATION ENDOWED SCHOLARSHIP 60,000
    METROPOLITAN MUSEUM OF ART
    1000 FIFTH AVENUE
    NEW YORK,NY10028     		N/A PUBLIC GENERAL FUND 250
    SAINT IGNATIUS COLLEGE PREP
    1076 WEST ROOSEVELT ROAD
    CHICAGO,IL60608     		N/A PUBLIC GENERAL FUND 2,500
    ALIVIO MEDIAL CENTER
    2355 SOUTH WESTERN AVENUE
    CHICAGO,IL60608     		N/A PUBLIC ANNUAL APPEAL 1,500
    CATALYST CHICAGO
    332 S MICHIGAN AVENUE SUITE 500
    CHICAGO,IL60604     		N/A PUBLIC GENERAL FUND 50
    LAWRENCE HALL YOUTH SERVICES
    4833 N FRANCISCO AVENUE
    CHICAGO,IL60625     		N/A PUBLIC GENERAL FUND 1,000
    LAKE VIEW HIGH SCHOOL
    4015 N ASHLAND AVENUE
    CHICAGO,IL60613     		N/A PUBLIC SUPPORT STUDENT TRIP TO PARIS 500
    NEW LEADERS
    17 NORTH STATE STREET SUITE 1790
    CHICAGO,IL60602     		N/A PUBLIC GENERAL FUND 5,000
    ASPEN INSTITUTE
    ONE DUPONT CIRCLE NW SUITE 700
    WASHINGTON,DC20036     		N/A PUBLIC TRUSTEE ANNUAL FUND 35,000
    WEB DU BOIS INSTITUTE
    HARVARD UNIVERSITY
    124 MOUNT AUBURN STREET
    CAMBRIDGE,MA02138     		N/A PUBLIC SUPPORT FACULTY OF ARTS AND SCIENCES 15,000
    NEUMANN FAMILY SERVICES
    5547 NORTH RAVENSWOOD
    CHICAGO,IL60640     		N/A PUBLIC GENERAL FUND 100
    Total .................................bullet 3a 545,143
    bApproved for future payment
    Boston College
    More Hall 220
    140 Commonwealth Avenue
    Boston,MA02467     		    BLUE FOUNDATION ENDOWED SCHOLARSHIP 50,000
    Chi Arts
    3200 Sout Calumet Ste 110
    Chicago,IL60616     		N/A   SUPPORT LOCAL ARTS ORGANIZATIONS 20,000
    Lycee Francais
    613 W Bittersweet Place
    Chicago,IL60613     		    GENERAL FUND 5,000
    Alliance Francaise
    810 N Dearborn St
    Chicago,IL60610     		N/A PUBLIC EDUCATIONAL OUTREACH PROGRAM 5,000
    CCGA
    332 S Michigan Ave Ste 1100
    Chicago,IL60604     		    GENERAL FUND 10,000
    Chicago Symphony Orchestra
    220 South Michigan Avenue
    Chicago,IL60604     		N/A PUBLIC Annual Membership- Governor's Circle 3,500
    Johns Hopkins University
    3400 N Charles St
    San Martin Center
    Baltimore,MD21218     		N/A PUBLIC SAIS BOLOGNA CENTER 60,000
    National Museum of Mexican Art
    1852 W 19th Street
    Chicago,IL60608     		    GENERAL FUND 25,000
    National Museum of Mexican Art
    1852 W 19th Street
    Chicago,IL60608     		    Annual Cinco de Mayo Gala 5,000
    Suzuki-Orff School of Music
    1148 W Chicago Avenue
    Chicago,IL60642     		N/A PUBLIC ANNUAL GALA 10,000
    CCT-Nuestro Futuro
    111 E Wacker Dr 1400
    Chicago,IL60601     		    GENERAL FUND 5,000
    Field Museum
    1400 South Lake Shore Drive
    Chicago,IL60605     		N/A PUBLIC Annual Women's Board Gala 6,000
    Art Institute of Chicago
    111 South Michigan Avenue
    Chicago,IL60603     		N/A PUBLIC REPRESENTING THE WORLD'S DIVERSE ARTISTIC TRADITIONS, FOR THE INSPIRATION AND EDUCATION OF THE PUBLIC 1,400
    St Ignatius
    1076 W Roosevelt Road
    Chicago,IL60608     		N/A PUBLIC Parent Commitment 5,000
    Aspen Institute
    One Dupont Circle 700
    Washington,DC20036     		N/A PUBLIC GENERAL FUND 45,000
    eBrigade
    5 S Wabash Ave Ste 2110
    Chicago,IL60603     		N/A PUBLIC GENERAL FUND 50,000
    Field Museum
    1400 South Lake Street
    Chicago,IL60605     		N/A PUBLIC GENERAL FUND 30,000
    Kellogg School of Management
    2001 Sheridan Rd
    Evanston,IL60208     		N/A PUBLIC GENERAL FUND 60,000
    METROsquash
    5655 South University Avenue
    Chicago,IL60637     		N/A PUBLIC HELPING KIDS SUCCEED THROUGH SQUASH AND EDUCATION 50,000
    Princeton University
    330 Alexander Road
    Helm Bldg
    Princeton,NJ08540     		N/A PUBLIC PARENTS ANNUAL GIVING FUND 50,000
    University Club Fdn
    76 E Monroe St
    Chicago,IL60603     		N/A PUBLIC GENERAL FUND 5,000
    WEB Du Bois Institute
    104 Mt Auburn Street
    3R
    Cambridge,MA02138     		N/A PUBLIC GENERAL FUND 15,000
    Chicago Shakespeare Theater
    800 E Grand Ave
    Chicago,IL60611     		N/A PUBLIC Annual Gala 2,000
    Total .................................bullet 3b 517,900
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments          
    4 Dividends and interest from securities....     14 147,626  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     18 21,129  
    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)..   168,755  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13168,755
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    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 noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    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?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2012)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    OMB No. 1545-0047
    2012
    Name of the organization
    BLUE FOUNDATION
     
    Employer identification number

    26-1919507
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......................... Arrow Bullet   $    
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2 of its Form 990; or check the box on line H of its
    Form 990-EZ or on Part I, line 2 of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2012)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
    Page 2
    Name of organization
    BLUE FOUNDATION
          		Employer identification number

    26-1919507
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    CLARE MUNANA    
    5 SOUTH WABASH AVENUE
       
    CHICAGO, IL   60603

    		$60,000


    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
     
     

    CLARE MUNANA    
    5 SOUTH WABASH AVENUE
       
    CHICAGO, IL   60603

    		$132,534


    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  


    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  


    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  


    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  


    (Complete Part II if there is a noncash contribution.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
    Page 3
    Name of organization
    BLUE FOUNDATION
          		Employer identification number

    26-1919507
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    		     
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    2
    		 460 SHS ALEXION PHARMA INC. 550 SHS SALESFORCE.COM   $132,534 2012-09-07
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
    Page 4
    Name of organization
    BLUE FOUNDATION
          		Employer identification number

    26-1919507
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    that total more than $1,000 for the year. Complete columns (a) through (e) and the following line entry.
    For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
    contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2012 AccountingFeesSchedule
    Name:
    BLUE FOUNDATION
    EIN: 26-1919507
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEES 5,400 0 0 5,400

    TY 2012 AllOthProgRltdInvestmentsSch
    Name:
    BLUE FOUNDATION
    EIN: 26-1919507
    Category Amount
    N/A  

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2012 DepreciationSchedule
    Name:
    BLUE FOUNDATION
    EIN: 26-1919507
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2012 InvestmentsOtherSchedule2
    Name:
    BLUE FOUNDATION
    EIN: 26-1919507
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    DODGE & COX INCOME AT COST 680,169 797,662
    PIMCO EMERGING MARKETS BOND AT COST 92,420 144,870
    PIMCO FOREIGN BOND AT COST 330,000 396,484
    PIMCO TOTAL RETURN AT COST 705,000 784,618
    VANGUARD INFLATION PROT. SEC. AT COST 290,065 368,067
    VANGUARD SHORT TERM AT COST 361,299 403,361
    ARTISAN INTERNATIONAL AT COST 91,550 168,488
    ASTON MONTAG & CALDWELL GROWTH AT COST 62,184 98,568
    DODGE & COX INT'L STOCK AT COST 85,226 160,912
    EATON VANCE ATLANTA SMID AT COST 36,860 90,074
    PIMCO COMMODITY REAL RETURN AT COST 0 0
    T ROWE PRICE VALUE AT COST 50,877 113,619
    HUSSMAN STRATEGIC GROWTH AT COST 0 0
    MERGER FUND AT COST 170,000 167,149
    GATEWAY FUND CL Y AT COST 160,000 156,907
    GOLDMAN SACHS COMMODITY AT COST 100,000 92,719

    TY 2012 LandEtcSchedule2
    Name:
    BLUE FOUNDATION
    EIN: 26-1919507
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value


    TY 2012 OtherExpensesSchedule
    Name:
    BLUE FOUNDATION
    EIN: 26-1919507
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ANNUAL REPORT & FILING FEES 25 0 0 25
    OTHER 5 0 0  


    TY 2012 OtherProfessionalFeesSchedule
    Name:
    BLUE FOUNDATION
    EIN: 26-1919507
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 30,379 30,379    


    TY 2012 TaxesSchedule
    Name:
    BLUE FOUNDATION
    EIN: 26-1919507
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX PAID 331      
    EXCISE TAX 2,801