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
The Kendeda Fund
 

Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd   Room/suite
City or town, state, and ZIP code
Wilmington, DE198091377
A Employer identification number

20-6881642
B Telephone number (see instructions)

(800) 839-1754
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$56,413,054J 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) 71,579,500
2 Check bullet
3 Interest on savings and temporary cash investments 846 846  
4 Dividends and interest from securities...... 840,308 725,262  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 2,691,525
b Gross sales price for all assets on line 6a 82,046,552
7 Capital gain net income (from Part IV, line 2)... 75,169,315
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........ 75,112,179 75,895,423  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 150,002 150,002    
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 3,469     3,469
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 319,263     319,263
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 1,479,482      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 1,667     1,667
22 Printing and publications.......... 475     475
23 Other expenses (attach schedule)....... Click to see attachment 106,665     106,665
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,061,023 150,002   431,539
25 Contributions, gifts, grants paid........ 29,188,266 29,188,266
26 Total expenses and disbursements. Add lines 24 and 25 31,249,289 150,002   29,619,805
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 43,862,890
b Net investment income (if negative, enter -0-) 75,745,421
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.......... 7,964,049 15,532,682 15,532,682
3 Accounts receivable bullet9,886
Less: allowance for doubtful accounts bullet     9,886 9,886
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)   Click to see attachment4,262,737 4,182,716
b Investments—corporate stock (attach schedule)........ 4,019,000 Click to see attachment31,120,800 31,829,890
c Investments—corporate bonds (attach schedule)........   Click to see attachment4,919,859 4,857,880
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
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) 11,983,049 55,845,964 56,413,054
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 11,983,049 55,845,964
30 Total net assets or fund balances (see page 17 of the
instructions).................... 11,983,049 55,845,964
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 11,983,049 55,845,964
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 11,983,049
2 Enter amount from Part I, line 27a..................... 2 43,862,890
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 25
4 Add lines 1, 2, and 3.......................... 4 55,845,964
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 55,845,964
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 Publicly-traded Securities      
b
c
d
e
(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 82,046,552   79,355,027 75,169,315
b
c
d
e
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       75,169,315
b
c
d
e
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 75,169,315
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 30,124,604 11,087,228 002.717055
2010 29,113,392 10,678,558 002.726341
2009 31,361,140 13,872,695 002.260638
2008 37,908,401 5,908,249 006.416182
2007 32,873,078 3,311,521 009.926882
2 Total of line 1, column (d) ...................... 2 024.047098
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. . . 		3 004.809420
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 41,776,860
5 Multiply line 4 by line 3....................... 5 200,922,466
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 757,454
7 Add lines 5 and 6......................... 7 201,679,920
8 Enter qualifying distributions from Part XII, line 4.............. 8 29,619,805
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 1,514,908
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 1,514,908
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 1,514,908
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a 1,254,400
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.............. Tax Paid Original Return: 1254400 7 1,254,400
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 260,508
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2013 estimated taxBullet   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
Yes
 
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)
    bullet
    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
     
    No
    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 addressbullet  
    14
    The books are in care ofbulletco Foundation Source Telephone no.bullet (800) 839-1754
    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    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
     
    No
    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
     
    No
    .........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
     
    No
    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
     
    No
    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
    Atlantic Trust Company NA Trustee
    001.00     		150,002    
    Foundation Source 501 Silverside Rd
    Wilmington,DE19809
    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
    Diane Ives Consulting Inc Philanthropic Consulting 280,000
    122 Park Ave
    Takoma Park,MD20912
    Atlantic Trust Private Wealth Management Investment Management 150,002
    1555 Peachtree St Suite 1100
    Atlanta,GA30309
    Foundation Source Administrative 93,100
    55 Walls Drive 3rd Fl
    Fairfield,CT06824
    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  
    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
    34,002,933
    b
    Average of monthly cash balances.......................
    1b
    8,410,123
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    42,413,056
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    42,413,056
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) Click to see attachment.............................
    4
    636,196
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    41,776,860
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,088,843
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    2,088,843
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    1,514,908
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,514,908
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    573,935
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    25
    5
    Add lines 3 and 4............................
    5
    573,960
    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
    573,960
    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 Click to see attachment..........
    1a
    29,619,805
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    29,619,805
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    29,619,805
    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 7 573,960
    2 Undistributed income, if any, as of the end of 2012:
    a Enter amount for 2011 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2012:
    a From 2007.......  
    b From 2008....... 34,295,365
    c From 2009....... 31,361,140
    d From 2010....... 29,038,687
    e From 2011....... 30,124,604
    fTotal of lines 3a through e......... 124,819,796
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 29,619,805
    a Applied to 2011, 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 2012 distributable amount..... 573,960
    e Remaining amount distributed out of corpus 29,045,845
    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 5 153,865,641
    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 .............     		 
    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) ...     		 
    9Excess distributions carryover to 2013.
    Subtract lines 7 and 8 from line 6a ......     		153,865,641
    10 Analysis of line 9:
    a Excess from 2008.... 34,295,365
    b Excess from 2009.... 31,361,140
    c Excess from 2010.... 29,038,687
    d Excess from 2011.... 30,124,604
    e Excess from 2012.... 29,045,845
    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).)
    NONE
    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.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    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
    350ORG
    155 WATER ST 6TH FL
    BROOKLYN,NY11201     		N/A 509a1 General Unrestricted 500,000
    ALASKA WILDERNESS LEAGUE
    122 C ST NW STE 240
    WASHINGTON,DC20001     		N/A 509a1 General Unrestricted 30,000
    AMERICAN RIVERS INC
    1100 14TH ST NW
    WASHINGTON,DC20005     		N/A 509a1 General Operations Challenge Montana Headwaters Campaign 125,000
    APPALACHIAN INST FOR RENEWABLE ENERGY
    164 S DEPOT ST
    BOONE,NC28607     		N/A 509a2 General Unrestricted 200,000
    APPALACHIAN VOICES
    171 GRAND BLVD
    BOONE,NC28607     		N/A 509a2 General Unrestricted 25,000
    BLESSED EARTH INC
    PO BOX 227
    WILMORE,KY40390     		N/A 509a1 General Unrestricted 1,410,000
    CAPTAIN PLANET FOUNDATION INC
    133 LUCKIE ST
    ATLANTA,GA30303     		N/A 509a1 Learning Gardens 50,000
    CASCADIA GREEN BUILDING COUNCIL
    721 NW 9TH AVE STE 195
    PORTLAND,OR97209     		N/A 509a1 General Unrestricted 200,000
    CASCADIA GREEN BUILDING COUNCIL
    721 NW 9TH AVE STE 195
    PORTLAND,OR97209     		N/A 509a1 General Operations 500,000
    CENTER FOR LABOR & COMMUNITY RESEARCH
    3411 W DIVERSEY AVE STE 10
    CHICAGO,IL60647     		N/A 509a1 General Unrestricted 300,000
    CTR FOR MAX POTENTIAL BUILDING SYSTEMS
    8604 FARM TO MARKET 969
    AUSTIN,TX78724     		N/A 509a2 General Unrestricted 150,000
    CENTER FOR WHOLE COMMUNITIES INC
    700 BRAGG HILL RD
    FAYSTON,VT05673     		N/A 509a1 General Operations Urban Whole Thinking Program 150,000
    CENTER FOR WHOLE COMMUNITIES INC
    700 BRAGG HILL RD
    FAYSTON,VT05673     		N/A 509a1 General Operations and Breakthrough Fund 60,000
    DEMOCRACY COLLABORATIVE FOUNDATION INC
    1422 EUCLID AVE STE 616
    CLEVELAND,OH44115     		N/A 509a1 General Unrestricted 300,000
    DETROITERS WORKING FOR ENVIRONMENTAL JUSTICE
    4750 WOODWARD AVE STE 417
    DETROIT,MI48201     		N/A 509a1 General Unrestricted 325,000
    DOE FUND INC
    232 E 84TH ST
    NEW YORK,NY10028     		N/A 509a1 Hurricane Relief Efforts 40,000
    EARTH ISLAND INSTITUTE INC
    2150 ALLSTON WAY STE 460
    BERKELEY,CA94704     		N/A 509a1 Energy Action Coalition 1,000,000
    ECO-LOGIC DEVELOPMENT FUND
    25 MOUNT AUBURN ST STE 203
    CAMBRIDGE,MA02138     		N/A 509a1 General Unrestricted 68,176
    ECO-LOGIC DEVELOPMENT FUND
    25 MOUNT AUBURN ST STE 203
    CAMBRIDGE,MA02138     		N/A 509a1 General Operations and the Agroforestry Initiative 510,000
    EMERALD CITIES COLLABORATIVE INC
    1140 CONN AVE NW STE 1210
    WASHINGTON,DC20036     		N/A 509a1 General Unrestricted 500,000
    ENTERPRISE COMMUNITY PARTNERS INC
    10227 WINCOPIN CIR STE 500
    COLUMBIA,MD21044     		N/A 509a1 Hurricane Sandy Partner Support and Rebuilding Fund 500,000
    ENTERPRISE COMMUNITY PARTNERS INC
    10227 WINCOPIN CIR STE 500
    COLUMBIA,MD21044     		N/A 509a1 Green Communities Initiative 500,000
    ENVIRONMENTAL HEALTH STRATEGY CENTER
    565 CONGRESS ST STE 204
    PORTLAND,ME04101     		N/A 509a1 Maine Sustainable Bioplastics Project 250,000
    FUND FOR GLOBAL HUMAN RIGHTS
    1666 CONNECTICUT AVE NW STE 4
    WASHINGTON,DC20009     		N/A 509a1 Environmental Justice Initiative 50,000
    FUNDERS NETWORK FOR SMART GROWTH AND LIVABLE COMMUNITIES INC
    1500 SAN REMO AVE STE 249
    CORAL GABLES,FL33146     		N/A 509a1 General Unrestricted 50,000
    GALLATIN VALLEY LAND TRUST
    PO BOX 7021
    BOZEMAN,MT59771     		N/A 509a1 General Unrestricted 20,000
    GARRISON INSTITUTE
    PO BOX 532
    GARRISON,NY10524     		N/A 509a2 General Unrestricted 30,000
    GEORGIA CONSERVANCY INC
    817 W PEACHTREE ST
    ATLANTA,GA30308     		N/A 509a1 Lets Raise a Million Project 58,040
    GEORGIA INTERFAITH POWER AND LIGHT
    PO BOX 286
    DECATUR,GA30031     		N/A 509a1 Energy Efficiency Matching Grants for Congregations 100,000
    GEORGIA INTERFAITH POWER AND LIGHT
    PO BOX 286
    DECATUR,GA30031     		N/A 509a1 Fundraising Consultant and a Challenge for the Power Wise Program 75,000
    GEORGIA SOLAR ENERGY ASSOCIATION INC
    PO BOX 724353
    ATLANTA,GA31139     		N/A 509a2 General Unrestricted 20,000
    GLOBAL GREENGRANTS FUND INC
    2840 WILDERNESS PL
    BOULDER,CO80301     		N/A 509a2 General Support and the Climate Program 220,000
    GLOBAL PHILANTHROPY PARTNERSHIP
    643 W ARLINGTON PL
    CHICAGO,IL60614     		N/A 509a1 USDN and Sustainable Behaviors Pilot Projects 191,800
    GREATER YELLOWSTONE COALITION INC
    PO BOX 1874
    BOZEMAN,MT59771     		N/A 509a1 General Unrestricted 10,000
    GREEN BLUE INSTITUTE
    600 E WATER ST STE C
    CHARLOTTESVLE,VA22902     		N/A 509a1 General Unrestricted 150,000
    GREEN FOR ALL
    1611 TELEGRAPH AVE STE 600
    OAKLAND,CA94612     		N/A 509a1 General Unrestricted 1,000,000
    GREENFAITH
    101 S 3RD AVE
    HIGHLAND PARK,NJ08904     		N/A 509a1 GreenFaith Fellows 100,000
    GRIST MAGAZINE INC
    710 2ND AVE STE 860
    SEATTLE,WA98104     		N/A 509a1 General Operating Support, Grist Expands, Friends with Benefits and Beacon in the Smog Programs 675,000
    GROUNDSWELL INC
    1156 15TH ST NW STE 840
    WASHINGTON,DC20005     		N/A 509a1 General Unrestricted 350,000
    HEADWATERS ECONOMICS INC
    PO BOX 7059
    BOZEMAN,MT59771     		N/A 509a1 General Unrestricted 50,000
    HEALTH CARE WITHOUT HARM
    12355 SUNRISE VALLEY DR STE 680
    RESTON,VA20191     		N/A 509a1 General Unrestricted 225,000
    HEALTHY BUILDING NETWORK
    2001 S ST NW STE 570
    WASHINGTON,DC20009     		N/A 509a1 General Operations and Development of Version 1 of the Health Product Declaration Open Standard Format 600,000
    HIGH COUNTRY NEWS
    PO BOX 1090
    PAONIA,CO81428     		N/A 509a1 General Unrestricted 40,000
    HITCHCOCK CENTER INC
    525 S PLEASANT ST
    AMHERST,MA01002     		N/A 509a1 Annual Fund and Capital Campaign 66,000
    IAF NORTHWEST
    649 STRANDER BLVD STE B
    TUKWILA,WA98188     		N/A 509a1 Green and Equitable Economy Organizing Initiative 100,000
    INSTITUTE FOR LOCAL SELF RELIANCE INC
    2001 S ST NW STE 570
    WASHINGTON,DC20009     		N/A 509a1 Sustainable BioMaterials Collaborative Program 25,000
    INTERNATIONAL RIVERS NETWORK
    2150 ALLSTON WAY STE 300
    BERKELEY,CA94704     		N/A 509a1 General Operations Africa and Climate Program 300,000
    INTERNATIONAL WILDERNESS LEADERSHIP FOUNDATION
    717 POPLAR AVE
    BOULDER,CO80304     		N/A 509a1 Education and Outreach Program for the Film Chasing Ice 275,000
    INTERNATIONAL WILDERNESS LEADERSHIP FOUNDATION
    717 POPLAR AVE
    BOULDER,CO80304     		N/A 509a1 Education and Outreach Program for the Film Chasing Ice 75,000
    INTERNEWS NETWORK
    PO BOX 4448
    ARCATA,CA95518     		N/A 509a1 Earth Journalism Network 50,000
    LOCAL INITIATIVES SUPPORT CORPORATION
    501 7TH AVE
    NEW YORK,NY10018     		N/A 509a1 LISCs Green Development Center 500,000
    LRAM EDUCATION FUND INC
    675 METROPOLITAN PKY SW STE 6073
    ATLANTA,GA30310     		N/A 509a1 General Operations- Grassroots Affiliate Information Network of Campus and Community Organizations 50,000
    MASSACHUSETTS INSTITUTE OF TECHNOLOGY
    77 MASSACHUSETTS AVE
    CAMBRIDGE,MA02139     		N/A 509a1 Department of Urban Studies and Plannings Community Innovators Lab 300,000
    MINNESOTA PUBLIC RADIO
    480 CEDAR ST
    SAINT PAUL,MN55101     		N/A 509a1 Sustainability Initiative at American Public Medias Marketplace Radio Program 1,000,000
    MONTANA AUDUBON
    324 FULLER AVE STE N4
    HELENA,MT59601     		N/A 509a2 Audubon Conservation Education Centers Summer Camp After School Program 15,000
    MONTANA NATURAL HISTORY CENTER INC
    120 HICKORY ST
    MISSOULA,MT59801     		N/A 509a1 Visiting Naturalists in the Schools 40,000
    MONTANA NATURAL HISTORY CENTER INC
    120 HICKORY ST
    MISSOULA,MT59801     		N/A 509a1 Building Improvement 50,000
    MURIE CENTER
    PO BOX 399
    MOOSE,WY83012     		N/A 509a1 General Unrestricted 30,000
    NATIONAL BUILDING MUSEUM
    401 F ST NW 4TH FL
    WASHINGTON,DC20001     		N/A 509a1 Green Schools Exhibit 15,000
    NATIONAL PARKS CONSERVATION ASSOCIATION
    777 6TH ST NW STE 700
    WASHINGTON,DC20001     		N/A 509a1 General Unrestricted 5,000,000
    NATIONAL PUBLIC RADIO INC
    635 MASS AVE NW
    WASHINGTON,DC20001     		N/A 509a1 NPR Environmental Proposal 250,000
    NATIONAL WILDLIFE FEDERATION
    11100 WILDLIFE CENTER DR
    RESTON,VA20190     		N/A 509a2 Atlanta Earth Tomorrow 50,000
    NATIONAL WILDLIFE FEDERATION
    11100 WILDLIFE CENTER DR
    RESTON,VA20190     		N/A 509a2 Campus Ecology Program 400,000
    NATIONAL WILDLIFE FEDERATION
    11100 WILDLIFE CENTER DR
    RESTON,VA20190     		N/A 509a2 Wildlife Conflict Resolution 50,000
    NATURE BRIDGE
    28 GEARY ST STE 650
    SAN FRANCISCO,CA94108     		N/A 509a2 General Unrestricted 500,000
    NATURE BRIDGE
    28 GEARY ST STE 650
    SAN FRANCISCO,CA94108     		N/A 509a2 Yosemite Environmental Educational Campus Construction 250,000
    NATURE CONSERVANCY
    4245 N FAIRFAX DR STE 100
    ARLINGTON,VA22203     		N/A 509a1 Crown of the Continent Matching Fund 500,000
    NORTH STAR FUND INC
    520 8TH AVE 22ND FL
    NEW YORK,NY10018     		N/A 509a1 Grassroots Hurricane Relief Fund 50,000
    OPERATION GREEN LEAVES INC
    PO BOX 5254
    CORAL GABLES,FL33114     		N/A 509a2 General Unrestricted 5,000
    ORION SOCIETY
    RIVERBANK HOUSE 195 MAIN ST
    GREAT BARRINGTON,MA01230     		N/A 509a1 General Unrestricted 300,000
    OWL RESEARCH INSTITUTE INC
    PO BOX 39
    CHARLO,MT59824     		N/A 509a1 General Unrestricted 5,000
    PESTICIDE ACTION NETWORK NORTH AMERICA REGIONAL CENTER
    1611 TELEGRAPH AVE STE 1200
    OAKLAND,CA94612     		N/A 509a1 Global Alliance for Incinerator Alternatives 200,000
    PUBLIC BROADCASTING ATLANTA
    740 BISMARK RD NE
    ATLANTA,GA30324     		N/A 509a1 Annual Underwriting Support for the Living on Earth Program 35,000
    PULITZER CENTER ON CRISIS REPORTING
    1779 MASSACHUSETTS AVE
    WASHINGTON,DC20036     		N/A 509a1 General Unrestricted 400,000
    RAINFOREST ALLIANCE INC
    233 BROADWAY 28TH FL
    NEW YORK,NY10279     		N/A 509a1 Leapfrog Campaign 235,250
    ROCKEFELLER FAMILY FUND INC
    475 RIVERSIDE DR STE 900
    NEW YORK,NY10115     		N/A 509a1 Re-Amp Global Warming Strategic Action Fund and Re-Amp Steering Committee 425,000
    SISKIYOU FIELD INSTITUTE
    PO BOX 207
    SELMA,OR97538     		N/A 509a1 Regional Marketing Initiative 24,000
    SONORAN INSTITUTE
    44 E BROADWAY BLVD STE 350
    TUCSON,AZ85701     		N/A 509a1 General Operating Support the Northern Rockies Program 500,000
    SOUTHERN ALLIANCE FOR CLEAN ENERGY
    PO BOX 1842
    KNOXVILLE,TN37901     		N/A 509a1 General Unrestricted 50,000
    SOUTHFACE ENERGY INSTITUTE INC
    241 PINE ST NE
    ATLANTA,GA30308     		N/A 509a1 General Unrestricted 785,000
    SOUTHFACE ENERGY INSTITUTE INC
    241 PINE ST NE
    ATLANTA,GA30308     		N/A 509a1 Charitable Event 5,000
    STUDENT CONSERVATION ASSOCIATION INC
    PO BOX 550
    CHARLESTOWN,NH03603     		N/A 509a1 General Unrestricted 100,000
    SUSTAINABLE NORTHWEST
    813 SW ALDER ST STE 500
    PORTLAND,OR97205     		N/A 509a1 General Operations and Challenge Grant for Reserve and Innovation Funds 150,000
    SUSTAINABLE NORTHWEST
    813 SW ALDER ST STE 500
    PORTLAND,OR97205     		N/A 509a1 General Support and Rural Voices Policy Matching Program 25,000
    SUSTAINABLE SOUTH BRONX
    1231 LAFAYETTE AVE 4TH FL
    BRONX,NY10474     		N/A 509a1 General Unrestricted 50,000
    THE BIOMIMICRY INSTITUTE
    PO BOX 9216
    MISSOULA,MT59807     		N/A 509a1 General Unrestricted 400,000
    THE COMMUNITY FOUNDATION FOR THE NATIONAL CAPITAL REGION
    1201 15TH ST NW STE 420
    WASHINGTON,DC20005     		N/A 509a1 Phase 1 Washington Metro Region Community Wealth Building Feasibility Assessment 20,000
    THE NATIONAL ENVIRONMENTAL EDUCATION AND TRAINING FOUNDATION
    4301 CONN AVE NW STE 160
    WASHINGTON,DC20008     		N/A 509a1 General Unrestricted 400,000
    THE REGENERATION PROJECT
    220 MONTGOMERY ST STE 450
    SAN FRANCISCO,CA94104     		N/A 509a1 Interfaith Power Light Campaign 400,000
    TIDES CENTER
    PO BOX 29907
    SAN FRANCISCO,CA94129     		N/A 509a1 Clean Production Action Project 350,000
    UNIVERSITY OF MASSACHUSETTS LOWELL
    1 UNIVERSITY AVE SOUTHWICK HALL 250
    LOWELL,MA01854     		N/A 509a1 Lowell Center for Sustainable Production 50,000
    UPPER CHATTAHOOCHEE RIVERKEEPER FUND INC
    3 PURITAN MILL 916 JOSEPH LOWERY B
    ATLANTA,GA30318     		N/A 509a1 Lanier Learning Center and Neighborhood Water Watch 30,000
    VIRGINIA ORGANIZING INC
    703 CONCORD AVE
    CHARLOTTESVILLE,VA22903     		N/A 509a1 Environmental Health Science 600,000
    VIRGINIA ORGANIZING INC
    703 CONCORD AVE
    CHARLOTTESVILLE,VA22903     		N/A 509a1 Health and Environmental Funders Network 35,000
    WESTERN ORGANIZATION OF RESOURCE COUNCILS EDUCATION PROJECT
    220 S 27TH ST STE B
    BILLINGS,MT59101     		N/A 509a3 Western Native Voice Program 50,000
    WESTERN RIVERS CONSERVANCY
    71 SW OAK ST STE 100
    PORTLAND,OR97204     		N/A 509a1 Yurok Tribe Blue Creek Land Acquisition 125,000
    WGBH EDUCATIONAL FOUNDATION
    PO BOX 55875
    BOSTON,MA02205     		N/A 509a1 Green Media Discretionary Fund 1,450,000
    WILDERNESS SOCIETY
    1615 M ST NW LBBY 2
    WASHINGTON,DC20036     		N/A 509a1 Northern Rockies Program 40,000
    WILDLIFE CONSERVATION SOCIETY
    2300 SOUTHERN BLVD
    BRONX,NY10460     		N/A 509a1 Glacier-Waterton Program 25,000
    WORLD MEDIA FOUNDATION INC
    20 HOLLAND ST
    SOMERVILLE,MA02144     		N/A 509a1 Living on Earth Radio Program 20,000
    YELLOWSTONE TO YUKON CONSERVATION INITIATIVE
    PO BOX 157
    BOZEMAN,MT59771     		N/A 509a1 General Unrestricted 250,000
    Total .................................bullet 3a 29,188,266
    bApproved for future payment
    Total .................................bullet 3b  
    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     14 846  
    4 Dividends and interest from securities....     14 840,308  
    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 2,691,525  
    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)..   3,532,679  
    13Total. Add line 12, columns (b), (d), and (e)..................
    133,532,679
    (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: 12000057
    Software Version: 12.13.328.3
    Part VI Line 7 - Tax Paid Original Return: 1254400


    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
    The Kendeda Fund
     
    Employer identification number

    20-6881642
    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
    The Kendeda Fund
          		Employer identification number

    20-6881642
    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
    The March 23 2006 Trust
     

         
    Atlantic Tr Co 1170 Peachtree St NE
       
    Atlanta, GA   30309

    		$71,579,500


    (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.)
    (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
    The Kendeda Fund
          		Employer identification number

    20-6881642
    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
    1
    		 HOME DEPOT INC. HD, 250000 sh.   $15,602,500 2012-11-14
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 HOME DEPOT INC. HD, 250000 sh.   $13,752,500 2012-08-15
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 HOME DEPOT INC. HD, 50000 sh.   $2,525,250 2012-07-23
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 HOME DEPOT INC. HD, 250000 sh.   $12,296,250 2012-03-16
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 HOME DEPOT INC. HD, 500000 sh.   $22,890,000 2012-02-13
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 HOME DEPOT INC. HD, 100000 sh.   $4,513,000 2012-02-10
    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
    The Kendeda Fund
          		Employer identification number

    20-6881642
    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: 12000057
    Software Version: 12.13.328.3

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

    TY 2012 GainLossSaleOtherAssetsSch
    Name:
    The Kendeda Fund
    EIN: 20-6881642
    Software ID:12000057
    Software Version:12.13.328.3
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    Publicly-traded Securities         82,046,552 79,355,027     2,691,525  

    TY 2012 GeneralExplanationAttachment
    Name:
    The Kendeda Fund
    EIN: 20-6881642
    Software ID:12000057
    Software Version:12.13.328.3
    Identifier Return Reference Explanation

    TY 2012 InvestmentsCorpBondsSchedule
    Name:
    The Kendeda Fund
    EIN: 20-6881642
    Software ID:12000057
    Software Version:12.13.328.3
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BERKSHIRE HATHAWAY - 4.625 - 10/15/2013 522,265 516,445
    CATERPILLAR FINL SVCS - 6.125 - 02/17/2014 377,192 372,029
    DISNEY WALT CO - 4.500 - 12/15/2013 524,695 519,415
    GE CAP CORP - 4.750 - 09/15/2014 699,688 691,933
    GOLDMAN SACHS GRP INC - 5.125 - 01/15/2015 438,685 429,754
    JPMORGAN CHASE - 4.650 - 06/01/2014 530,720 526,322
    MORGAN STANLEY GLBL NT - 5.300 - 03/01/2013 244,458 241,626
    NORTHERN TR CORP SR NT 4.62500 05/01/2014 266,465 263,258
    ORACLE CORP - 3.750 - 07/08/2014 529,953 524,969
    PEPSICO INC SR NT - 4.650 - 02/15/2013 259,438 251,215
    UNITED PARCEL SERVICE - 3.875 - 04/01/2014 526,300 520,914

    TY 2012 InvestmentsCorpStockSchedule
    Name:
    The Kendeda Fund
    EIN: 20-6881642
    Software ID:12000057
    Software Version:12.13.328.3
    Name of Stock End of Year Book Value End of Year Fair Market Value
    633724 shares of ABSOLUTE STRATEGIES INSTITUTIONAL 7,000,100 7,021,667
    483544 shares of DREYFUS PREMIER EMERGING MARKETS DEBT LOCAL CURREN 7,000,100 7,417,568
    441404 shares of EPOCH GLOBAL EQUITY SHAREHOLDER YIELD FUND CLASS I 7,000,100 7,190,476
    50000 shares of HOME DEPOT INC. 3,120,500 3,092,500
    791501 shares of RIDGEWORTH FDS SEIX FLOATING RATE HIGH INCOME FUND 7,000,000 7,107,679

    TY 2012 InvestmentsGovtObligationsSch
    Name:
    The Kendeda Fund
    EIN: 20-6881642
    Software ID:12000057
    Software Version:12.13.328.3
    US Government Securities - End of Year Book Value:

     
    US Government Securities - End of Year Fair Market Value:

     
    State & Local Government Securities - End of Year Book Value:


    4,262,737
    State & Local Government Securities - End of Year Fair Market Value:


    4,182,716


    TY 2012 LiquidationExplanationStmt
    Name:
    The Kendeda Fund
    EIN: 20-6881642
    Software ID:12000057
    Software Version:12.13.328.3
    Statement:
    This statement is submitted to report the distribution of certain assets during the above-referenced year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3a1 and the Form 990-PF instructions During the taxable year ending December 31, 2012, The Kendeda Fund the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled 29,188,266. This amount represents over 25 of the Foundations net assets of 12,168,049 as measured by fair market value at the beginning of the Foundations taxable year ending December 31, 2012. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a each such grant was made solely for the charitable purpose specified therein.


    TY 2012 LegalFeesSchedule
    Name:
    The Kendeda Fund
    EIN: 20-6881642
    Software ID:12000057
    Software Version:12.13.328.3
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    General Governance Matters and Counseling 3,469     3,469


    TY 2012 OtherExpensesSchedule
    Name:
    The Kendeda Fund
    EIN: 20-6881642
    Software ID:12000057
    Software Version:12.13.328.3
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 93,100     93,100
    Foundation Dues Memberships 13,565     13,565


    TY 2012 OtherIncreasesSchedule
    Name:
    The Kendeda Fund
    EIN: 20-6881642
    Software ID:12000057
    Software Version:12.13.328.3
    Description Amount
    Returned Grant 25


    TY 2012 OtherProfessionalFeesSchedule
    Name:
    The Kendeda Fund
    EIN: 20-6881642
    Software ID:12000057
    Software Version:12.13.328.3
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Philanthropic Consulting Independent Contractor 319,263     319,263


    TY 2012 TaxesSchedule
    Name:
    The Kendeda Fund
    EIN: 20-6881642
    Software ID:12000057
    Software Version:12.13.328.3
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Estimated Tax for 2012 1,254,400      
    Excise Tax for 2011 225,082