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 09-01-2012 , and ending 08-31-2013
Name of foundation
POSEL FOUNDATION
 
% POSEL FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)212 WALNUT STREETSuiteRoom/suite
City or town, state, and ZIP code
PHILADELPHIA, PA19106
A Employer identification number

23-2581520
B Telephone number (see instructions)

(215) 627-0900
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$2,145,119J 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) 0
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 56,141 56,141  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 70,891
b Gross sales price for all assets on line 6a 363,919
7 Capital gain net income (from Part IV, line 2)... 70,891
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........ 127,032 127,032  
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)......... Click to see attachment 10,714 10,714 0 0
b Accounting fees (attach schedule)....... Click to see attachment 2,300 2,300 0 0
c Other professional fees (attach schedule).... Click to see attachment 1,706 1,706    
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 975 975    
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 5,240 5,240    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 20,935 20,935 0 0
25 Contributions, gifts, grants paid........ 372,100 372,100
26 Total expenses and disbursements. Add lines 24 and 25 393,035 20,935 0 372,100
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -266,003
b Net investment income (if negative, enter -0-) 106,097
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............... 34,164 40,810 40,810
2 Savings and temporary cash investments..........      
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) 49,854 Click to see attachment71,862 71,733
b Investments—corporate stock (attach schedule)........ 260,784 Click to see attachment109,864 154,299
c Investments—corporate bonds (attach schedule)........   Click to see attachment27,570 32,786
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 1,654,519 Click to see attachment1,483,212 1,845,491
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) 1,999,321 1,733,318 2,145,119
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    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 1,999,321 1,733,318
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 1,999,321 1,733,318
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 1,999,321
2 Enter amount from Part I, line 27a..................... 2 -266,003
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 1,733,318
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 1,733,318
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 VANGUARD TOTAL INTER'L FUND #113 (650.482 SH) P 2008-12-31 2012-09-28
b VANGUARD TOTAL INTER'L FUND #113 (245.433 SH) P 2012-09-26 2012-09-28
c VANGUARD BOND INDEX FD INTER PORT FUND #314 (2044.154 SH) P 2006-10-09 2012-12-03
d VANGUARD INDEX MID CAP STOCK FUND #859 (1,769.656 SH) P 2006-10-09 2013-02-04
e VANGUARD INDEX MID CAP STOCK FUND #859 (431.793 SH) P 2006-10-20 2013-02-04
VANGUARD INDEX MID CAP STOCK FUND #859 (142.567 SH) P 2010-12-30 2013-02-04
VANGUARD INDEX MID CAP STOCK FUND #859 (1.295 SH) P 2011-03-24 2013-02-04
VANGUARD INDEX MID CAP STOCK FUND #859 (160.955 SH) P 2011-12-23 2013-02-04
VANGUARD LT BOND INDEX FUND #522 (1350.767 SH) P 2006-10-20 2013-05-21
VANGUARD LT BOND INDEX FUND #522 (75.34 SH) P 2011-12-23 2013-05-21
VANGUARD LT BOND INDEX FUND #522 (10.675 SH) P 2012-04-04 2013-05-21
GENERAL ELECTRIC CO. (100 SH) P 2005-06-23 2013-01-28
HEWLETT PACKARD CO. (550 SH) P 2005-06-23 2013-01-28
I-SHARES MSCI EAFE INDEX FUND (150 SH) P 2006-10-10 2013-01-28
PHILIP MORRIS INTERNATIONAL (150 SH) P 2007-05-10 2013-01-28
SCHLUMBERGER, LTD (50 SH) P 2008-11-05 2013-01-28
AT&T INC. (300 SH) P 2005-06-23 2013-03-19
ALTRIA GROUP INC. (300 SH) P 2007-05-10 2013-03-19
ALTRIA GROUP INC. (500 SH) P 2010-03-08 2013-03-19
BECTON DICKINSON & CO. (150 SH) P 2008-11-05 2013-03-19
CHUBB CORP. (100 SH) P 2005-06-23 2013-03-19
COCA-COLA CO. INC. (150 SH) P 2007-05-10 2013-03-19
GENERAL ELECTRIC CO. (300 SH) P 2005-06-23 2013-03-19
JP MORGAN CHASE & CO. (250 SH) P 2005-06-23 2013-03-19
JOHNSON & JOHNSON (100 SH) P 2005-06-23 2013-03-19
LILLY ELI CO (200 SH) P 2005-06-23 2013-03-19
MERCK & CO. (200 SH) P 2005-06-23 2013-03-19
PFIZER, INC. (206 SH) P 2005-06-23 2013-03-19
PFIZER, INC. (94 SH) P 2009-10-16 2013-03-19
VERIZON COMMUNICATIONS, INC.(200 SH) P 2005-06-23 2013-03-19
BAIRD AGGREGAGE BOND FUND #72 (229.991 SH) P 2010-11-22 2013-05-13
BLACKROCK GLB ALLO FD INSTL CL (782.473 SH) P 2010-11-22 2013-05-13
BLACKROCK GLB ALLO FD INSTL CL (8.612 SH) P 2011-12-21 2013-05-13
GENERAL MILLS, INC. (200 SH) P 2006-10-10 2013-05-13
I-SHARES BARCLAYS 3-7 YEAR T-BOND ETF (50 SH) P 2010-02-03 2013-05-13
3M COMPANY (150 SH) P 2005-06-23 2013-05-13
BAIRD AGGREGATE BOND FUND #72 (1901.141 SH) P 2010-11-22 2013-07-17
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 9,256   6,947 2,309
b 3,493   3,559 -66
c 25,000   20,871 4,129
d 42,366   33,447 8,919
e 10,337   8,273 2,064
3,413   2,898 515
31   28 3
3,853   3,163 690
18,803   15,372 3,431
1,049   1,034 15
149   143 6
2,235   3,530 -1,295
9,399   13,406 -4,007
8,794   10,220 -1,426
13,366   7,141 6,225
3,968   2,523 1,445
10,872   6,068 4,804
10,077   6,267 3,810
16,795   10,548 6,247
13,761   10,559 3,202
8,566   4,222 4,344
5,841   3,955 1,886
6,982   10,589 -3,607
12,355   9,044 3,311
7,894   6,565 1,329
10,962   11,597 -635
8,750   6,313 2,437
5,784   5,968 -184
2,639   1,660 979
9,752   6,275 3,477
2,500   2,480 20
16,768   15,010 1,758
185   153 32
9,952   5,584 4,368
6,164   5,581 583
16,543   11,537 5,006
20,000   20,498 -498
      5,265
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       2,309
b       -66
c       4,129
d       8,919
e       2,064
      515
      3
      690
      3,431
      15
      6
      -1,295
      -4,007
      -1,426
      6,225
      1,445
      4,804
      3,810
      6,247
      3,202
      4,344
      1,886
      -3,607
      3,311
      1,329
      -635
      2,437
      -184
      979
      3,477
      20
      1,758
      32
      4,368
      583
      5,006
      -498
       
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 70,891
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 -66
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 409,385 2,289,288 0.178826
2010 362,478 2,616,449 0.138538
2009 433,298 2,661,509 0.162802
2008 395,321 2,610,489 0.151436
2007 389,302 3,799,227 0.102469
2 Total of line 1, column (d) ...................... 2 0.734071
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 0.146814
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 2,186,691
5 Multiply line 4 by line 3....................... 5 321,037
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,061
7 Add lines 5 and 6......................... 7 322,098
8 Enter qualifying distributions from Part XII, line 4.............. 8 372,100
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 1,061
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 1,061
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 1,061
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a 845
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.............. 7 845
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 9 216
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
 
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)
    bulletPA
    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
    Yes
     
    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 addressbulletN/A
    14
    The books are in care ofbulletPOSEL FOUNDATION Telephone no.bullet (215) 627-0900
    Located atbullet212 WALNUT STREETPHILADELPHIAPA ZIP+4bullet19106
    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
     
     
    .........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
     
     
    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
    DOROTHEA POSEL PRESIDENT
    0     		0    
    212 WALNUT STREET
    PHILADELPHIA,PA19030
    DANIEL POSEL VICE PRESIDENT
    0     		0    
    3476 Ben Lomond Place
    Los Angeles,CA90027
    ANNE POSEL SECRETARY
    0     		0    
    212 WALNUT STREET
    PHILADELPHIA,PA19106
    BENJAMIN POSEL TREASURER
    0     		0    
    212 WALNUT STREET
    PHILADELPHIA,PA19106
    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 N/A 0
    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
    2,193,330
    b
    Average of monthly cash balances.......................
    1b
    26,661
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,219,991
    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
    2,219,991
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) .............................
    4
    33,300
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,186,691
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    109,335
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
     
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    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
     
    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
    372,100
    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
    372,100
    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
    1,061
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    371,039
    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 0
    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 0
    3 Excess distributions carryover, if any, to 2012:
    a From 2007....... 201,787
    b From 2008....... 266,405
    c From 2009....... 301,227
    d From 2010....... 363,400
    e From 2011....... 410,100
    fTotal of lines 3a through e......... 1,542,919
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 372,100
    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.....  
    e Remaining amount distributed out of corpus 372,100
    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 1,915,019
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    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) ...     		201,787
    9Excess distributions carryover to 2013.
    Subtract lines 7 and 8 from line 6a ......     		1,713,232
    10 Analysis of line 9:
    a Excess from 2008.... 266,405
    b Excess from 2009.... 301,227
    c Excess from 2010.... 363,400
    d Excess from 2011.... 410,100
    e Excess from 2012.... 372,100
    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
    0 1,192 1,643   2,835
    b 85% of line 2a ......... 0 1,013 1,397   2,410
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		372,100 410,100 363,400   1,145,600
    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 ....     		372,100 410,100 363,400   1,145,600
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ...... 2,145,119 2,254,607 2,445,219   6,844,945
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		         0
    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) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    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).)
    SIDNEY L POSEL
    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.
    NONE
    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
    DOCTORS WITHOUT BORDERS USA
    PO Box 5022
    Suite 1002
    Hagerstown,MD21741     		N/A   International medical humanitarian organization. 3,000
    COALITION FOR THE HOMELESS
    129 Fulton Street
    3rd Fl
    New York,NY10038     		N/A   Aids New York City's homeless population 3,000
    NYPIRG
    9 Murray Street
    Suite 601
    New York,NY100072223     		N/A   Student-directed organization focused on environmental protection. 1,000
    WATERFRONT MUSEUM
    290 Conover Street
    Suite 150
    Brooklyn,NY11231     		N/A   Provides programs, in education and culture, aboard a historic vessel 500
    OBERLIN COLLEGE
    173 West Lorain Street
    Box 351150
    Oberlin,OH44074     		N/A   Higher education institution 500
    INTERNATIONAL RESCUE COMMITTEE
    1730 M Street NW
    Suite B
    Washington,DC20036     		N/A   Provides relief, respect and renewal to refugees and victims of armed conflict around the world 4,300
    THE NATURE CONSERVANCY
    507 Seventh Avenue
    21st Floor
    New York,NY10018     		N/A   Helps preserve threatened natural lands 1,300
    STUDENT CONSERVATION ASSOCIATION
    PO Box 550
    PO Box 96555
    Charlestown,NH03603     		N/A   Contributions enable student volunteers to help preserve national parks and forests 1,300
    THE LEGAL AID SOCIETY
    15 Park Row
    Suite 706
    New York,NY10273     		N/A   Provides Legal Services to the needy 1,300
    STANLEY ISAACS NEIGHBORHOOD CENTER
    415 E 93rd Street
    Suite 700
    New York,NY101286904     		N/A   Provides services to the elderly, families, youth, etc. 1,300
    THE NEW YORK PUBLIC LIBRARY
    576 Fifth Avenue
    Suite 110
    New York,NY10138     		N/A   Purchase books and maintain public library 700
    THE SALVATION ARMY OF GREATER NY
    120 W 14th Street
    10th Floor
    New York,NY10011     		N/A   To restore the needy to a status of well-being 2,600
    METROPOLITAN COUNCIL ON JEWISH POVERTY
    80 Maiden Lane
    PO Box 96750
    New York,NY10038     		N/A   To fight poverty through comprehensive social services 1,300
    WORLD WILDLIFE FUND
    1250 24th Street NW
    Suite 601
    Washington,DC200777788     		N/A   Helps save endangered species 1,300
    GODDARD RIVERSIDE COMMUNITY CENTER
    593 Columbus avenue
    PO Box 96969
    New York,NY10024     		N/A   Aged-oriented charity 1,300
    THE FORTUNE SOCIETY
    39 W 19th Street
    Suite 1002
    New York,NY10114     		N/A   Provides help for ex-offenders 1,300
    MADD
    PO Box 10165
    PO Box 731
    Des Moines,IA503400165     		N/A   Dedicated to prevention of drunk driving 700
    THE HUMANE FARMING ASSOCIATION
    PO Box 3577
    Suite 1002
    San Rafael,CA949128902     		N/A   Protects farm animals 700
    FOOD BANK FOR NEW YORK CITY
    39 Broadway
    3rd Fl
    New York,NY10006     		N/A   Helps feed the hungry in NYC for young people 1,300
    THE WILDERNESS SOCIETY
    900 17th Street NW
    807
    Washington,DC20006     		N/A   Preserves and protects endangered wilderness lands 1,300
    SEARCH AND CARE
    316 E 88th Street
    SUITE 1800
    New York,NY10128     		N/A   Provides services to the homebound elderly 1,300
    ENVIRONMENTAL DEFENSE
    1875 Connecticut Avenue NW
    PO Box 96555
    Washington,DC20077     		N/A   Dedicated to protecting the environmental rights 1,300
    VISITING NURSE SERVICE OF NEW YORK
    107 E 70th Street
    Suite 700
    New York,NY10021     		N/A   Promotes excellence in home patient care and public health services 1,300
    AMERICAN SOCIETY FOR THE PROTECTON of NATURE IN IS
    28 Arrandale Avenue
    PO Box 18927
    Great Neck,NY110241804     		N/A   Helps preserve Israel's natural beauty and protect the environment 1,300
    THE EDUCATIONAL ALLIANCE
    197 East Broadway
    10th Floor
    New York,NY10002     		N/A   Offers educational and cultural programs to needy 2,600
    UNITED NEIGHBORHOOD HOUSES
    70 W 36th Street
    21 South 61st Street
    New York,NY100188007     		N/A   Helps strengthen families and build communities in New York City 1,300
    THE DOOR
    121 Avenue of the Americas
    500 Colelge Avenue
    New York,NY10013     		N/A   Youth development program 1,300
    THE DOME PROJECT INC
    486 Amsterdam avenue
    PO Box 7646
    New York,NY10028     		N/A   Brings at-risk children back to education 1,300
    THIRD STREET MUSIC SCHOOL SETTLEMENT
    235 E 11th Street
    PO Box 5632
    New York,NY10016     		N/A   Provides quality music, dance and art instruction to immerse students in work they are passionate about in order to develop the skills, habits, and knowledge to succeed in higher education, overcome obstacles to their well-being, and contribute positively to their communities. 1,300
    COVENANT HOUSE
    Times Square Station
    Suite 550
    New York,NY10108     		N/A   Provides shelter to homeless and runaway youths 1,300
    COMMUNITY SERVICE SOCIETY
    105 East 22nd Street
    Suite 1401
    New York,NY101600018     		N/A   Helps needy New Yorkers industry and distributes to community food programs to feed the hungry in NY City 2,600
    CITY MEALS-ON-WHEELS
    PO Box 4007
    Suite 340
    New York,NY10277     		N/A   Helps feed the hungry in NYC 1,300
    THE CHILDREN'S AID SOCIETY
    105 E 22nd Street
    Suite 701
    New York,NY10010     		N/A   Provides help to needy children 1,300
    CENTRAL PARK CONSERVANCY
    PO Box 5204 GPO
    Suite 1645
    New York,NY10022     		N/A   Helps preserve New York's Central Park 1,300
    THE BOYS' CLUB OF NEW YORK
    287 E 10th Street
    2nd Floor
    New York,NY10009     		N/A   Provides guidance for boys 1,300
    JEWISH THEOLOGICAL SEMINARY
    3080 Broadway
    A
    New York,NY100274649     		N/A   Educational 1,300
    ISRAEL CANCER RESEARCH FUND
    1290 Avenue of the Americas
    21 South 61st Street
    New York,NY10104     		N/A   Enables Israel's research scientists to find the cure for cancer 1,300
    WORLD JEWISH CONGRESS
    PO Box 90400
    Suite 300
    Washington,DC10104     		N/A   Supports public charities 1,300
    UJA - FEDERATION OF NEW YORK
    PO BOX 4056
    Suite 221
    New York,NY200900400     		N/A   Aids Jewish people in need in New York, Israel and and victims of armed conflict around the world 1,400
    OHEL CHILDREN'S HOME & FAMILY SERVICES
    4510 Sixteenth Avenue
    Suite 501
    Brooklyn,NY10022     		N/A   Provides help for families in crisis in the Jewish community 1,300
    NATIONAL JEWISH OUTREACH PROGRAM
    989 SIXTH AVENUE
    Suite 490
    New York,NY11204     		N/A   Supports Jewish religious education 700
    JEWISH NATIONAL FUND
    PO BOX 9105
    18th Floor
    UNIONDALE,NY101641767     		N/A   Contributes to the needy 700
    THE JERUSALEM FOUNDATION INC
    PO BOX 170305
    Suite 1401
    MILWAUKEE,WI100215093     		N/A   Aims to strengthen, promote and enhance a free, open, pluralistic and modern society 700
    DOROT INC
    171 West 85th Street
    BOX 351150
    New York,NY10170     		N/A   Provides care for the aged 1,300
    CAMERA
    PO BOX 35040
    SUITE 601
    Boston,MA100244498     		N/A   Helps counter bias against Israel in the mass media, campus publications and in reference works and textbooks 2,600
    AMERICAN JEWISH CONGRESS
    825 THIRD AVENUE
    SUITE 300
    New York,NY022589937     		N/A   Supports charitable work of Jewish organizations 700
    THE DOE FUND
    232 East 84th Street
    SUITE 600
    New York,NY100280458     		N/A   Helps formerly homeless and disadvantaged achieve lives of independence and self-sufficiency 1,300
    FRIENDS OF SPINAL MUSCULAR ATROPHY
    PO Box 196
    SUITE 1100
    Libertyville,IL98225     		N/A   Provides legal representation to indigent defendants and prisoners who have been denied fair and just treatment in the legal system 500
    NATURAL RESOURCES DEFENSE COUNCIL
    40 West 20th Street
    PO Box 96555
    New York,NY60048     		N/A   Raise awareness and funds for cure for Spinal Muscular Atrophy 500
    ABINGTON ART CENTER
    515 Meeting House Road
    Jenkintown,PA19144     		N/A   Encourages informed and active participation in government, works to increase understanding of major public policy issues, and influences public policy 600
    ACHIEVABILITY
    Development Department
    Philadelpiha,PA17102     		N/A   Works for preservation of healthy worldwide environment 1,000
    BRIAR BUSH NATURE CENTER
    1212 Edge Hill Raod
    Suite 700
    Abington,PA19119     		N/A   Non-profit organization offering opportunity to appreciate and create art 1,000
    NATIONAL ORGANIZATION FOR HEARING RESEARCH
    225 Haverford avenue
    PO Box 18927
    Narberth,PA19046     		N/A   Helps single parent, low income, formerly homeless families reach and sustain permanent self-sufficiency 200
    WHYYCHANNEL 12
    150 N 6th Street
    10th Floor
    Philadelpiha,PA19139     		N/A   Provides programs for public to learn about and appreciate nature 100
    CURTIS INSTITUTE
    1726 Locust Street
    21 South 61st Street
    Philadelphia,PA19001     		N/A   Provides seed money for research into prevention of hearing loss and deafness 300
    LAUREL HOUSE
    PO Box 765
    Norristown,PA19072     		N/A   Public radio and television station of all people, including future generations. 300
    MC CABE LIBRARY
    C/O Swarthmore College
    Suite 1
    Swarthmore,PA19106     		N/A   Educate the general public, to take a stand against nuclear weapons 100
    PHILADELPHIA YOUNG PLAYWRIGHTS
    7 Benjamin Franklin Parkway
    Philadelphia,PA19130     		N/A   Higher education institution for music 2,600
    MOUNT SINAI COMMUNITY MEDICINE
    36 Seventh Avenue
    New York,NY19103     		N/A   Shelter for families in crisis 25,000
    PHILADELPHIA MUSEUM OF ART
    Ben Franklin Parkway
    Philadelpiha,PA19404     		N/A   Educational institution 5,000
    SOUTHERN POVERTY LAW CENTER
    400 Washingotn Avenue
    Suite 1002
    Montgomery,AL02138     		N/A   Higher education institution 1,000
    CITY OF HOPE
    1420 Walnut Street
    500 Colelge Avenue
    Philadelphia,PA19103     		N/A   Providing playwriting experiences to Philadelphia and local school districts 1,000
    THE CHILDREN'S COUNTRY WEEK
    1300 Valley Creek Road
    Downingtown,PA10011     		N/A   Commited to keeping communities informed and safe from environmental factors that pose health risks 4,000
    SENIOR ARTISTS INITIATIVE
    7029 Clearview Street
    Philadelphia,PA191017646     		N/A   Art museum 4,000
    THE GESU SCHOOL
    1700 West Thompson street
    Ground Floor
    Philadelphia,PA19103     		N/A   Higher education institution for music 5,000
    JEWISH FUND FOR JUSTICE
    330 7th Avenue
    PO Box 7646
    New York,NY36103     		N/A   Combats racism and intolerance 3,000
    FEDERATED ALLIED JEWISH APPEAL
    2100 Arch Street
    Philadelphia,PA19102     		N/A   National medical center 6,500
    SWARTHMORE COLLEGE
    500 College Avenue
    PO Box 5632
    Swarthmore,PA19335     		N/A   Non-profit camp for underprivileged children 21,200
    FOUNDATION FIGHTING BLINDNESS
    PO Box 17279
    Baltimore,MD19119     		N/A   Provides educational information to help senior artists organize and inventory their work 10,000
    AMERICAN CIVIL LIBERTIES
    4500 Biscayne Boulevard
    Miami,FL191215023     		N/A   An inter-faith partnership to support quality education in North Philadelphia 25,000
    MEALS ON WHEELS
    421 N Lime Avenue
    Sarasota,FL10001     		N/A   Helps communities break cycle of poverty 2,000
    DOCTORS WITHOUT BORDERS
    333 7th Avenue
    Suite 550
    New York,NY19103     		N/A   Distributes funds to needy and for education 2,000
    JUBILEE SCHOOL
    4211 Chester Avenue
    Suite 1401
    Philadelphia,PA19081     		N/A   Higher education institution 3,500
    READER TO READER
    Cardigan Center 38 Woodside Avenue
    Amherst,MA212970495     		N/A   Drive research to provide preventions, treatments, and cures for entire spectrum of retinal degenerative disease 20,000
    GREEN TREE SCHOOL
    146 West Walnut Lane
    Philadelphia,PA33137     		N/A   Civil Liberties Organization 20,000
    AMERICAN FRIENDS SERVICE COMMITTEE
    1501 Cherry Street
    Suite 340
    Philadelphia,PA34237     		N/A   Provides meals to the homebound elderly 2,100
    OXFAM AMERICA
    26 West Street
    Suite 701
    Boston,MA10001     		N/A   International medical humanitarian organization. 1,000
    QUEST FOR PEACE
    PO Box 5206
    Suite 1645
    Hyattsville,MD19104     		N/A   Educational 200
    AMNESTY INTERNATIONAL
    5 Penn Plaza
    2nd Floor
    New York,NY19104     		N/A   Helps the nation's poorest libraries 500
    PLENTY INTERNATIONAL
    PO Box 394
    Summertown,TN19104     		N/A   Educates children with emotional disturbances who were often excluded from public school 5,000
    Peconic Land Trust
    296 Hampton Road
    Southampton,NY19102     		N/A   International relief agency 400
    Northwest Youth Services
    1020 N State Street
    Bellingham,WA02111     		N/A   Aids the needy 5,000
    Partners in Health
    PO Box 845578
    Boston,MA20782     		N/A   Sends school supplies and humanitarian cargo to Nicaragua 5,000
    Afghan Women's Mission
    22231 Mulholland Highway
    A
    Calabasas,CA10001     		N/A   International human rights advocacy 5,000
    Iraqi Student Project
    5459 Rosa Avenue
    St Louis,MO19081     		N/A   Higher education institution 5,000
    University Beyond Bars
    PO Box 1267
    Floor 11
    Poulsbo,WA97208     		N/A   Alleviates suffering, poverty and oppression by helping people build secure, productive, and just communities 2,500
    National Indian Child Welfare Association
    5100 SW Macadam Avenue
    Portland,OR98228     		N/A   Champions the needs of students and the initiatives of the Whatcom Community College 5,000
    Prospect Park Alliance
    99 Prospect Park West
    Brooklyn,NY38483     		N/A   Helps protect and share the world's abundance and knowledge for the benefit of all people 500
    Westridge School
    324 Madeline Drive
    Pasadena,CA101183299     		N/A   Defends human rights worldwide 2,000
    THE SAN JUAN PRESERVATION TRUST
    PA BOX 327
    Suite 104
    LOPEZ ISLAND,WA100122317     		N/A   Peace and human rights 200
    SKAGIT LAND TRUST
    PO BOX 1017 3325 PINE STREET
    34th Fl
    MOUNT VERNAN,WA91114     		N/A   Promotes healthcare, education and awareness for Afghans 200
    THE WILDERNESS SOCIETY
    900 17TH STREET NW
    WASHINGTON,DC63109     		N/A   Grass-roots effort to help young people who have studied in Iraq acquire the education they need to participate in rebuilding their country 400
    SOUTHERN UTAH WILDERNESS ALLIANCE
    425 EAST 100 SOUTH
    SALT LAKE CITY,UT981112548     		N/A   Works for women's housing equality 5,000
    PLANNED PARENTHOOD OF NEW YORK CITY
    26 BLEECKER STREET
    NEW YORK,NY19102     		N/A   Provides funding and other support for cultural programs 3,000
    CITY HARVEST
    575 8TH AVENUE
    Suite 310
    NEW YORK,NY11964     		N/A   Works on land conservation issues 3,000
    TRANSPORTATION ALTERNATIVES
    127 W 26TH STREET
    NEW YORK,NY11969     		N/A   Ensure the protection of Long Island lands 1,000
    CITIZEN EDUCATION FUND
    226 Forster Street
    21 South 61st Street
    HARRISBURG,PA98225     		N/A   Supports at-risk youths 2,200
    SCHLESINGER LIBRARY
    10 GARDEN STREET
    CAMBRIDGE,MA022845578     		N/A   Provides healthcare options for the poor 100
    INTERFAITH COALITION OF WHATCOM COUNTY
    2401 CORNWALL AVENUE
    Suite 1
    BELLINGHAM,WA94102     		N/A   Advocates for the civil rights and empowerment of the incarcerated 5,000
    GI VOICE
    15107 UNION AVENUE SW
    Suite 490
    LAKEWOOD,WA97239     		N/A   Focuses on the tribal capacity to prevent child abuse and neglect in the American Indian community 5,000
    FOOD & WATER WATCH
    1616 P STREET NW
    Suite 300
    WASHINGTON,DC91302     		N/A   Supports the humanitarian and political work for Afghan women 5,000
    FOUNDATION FOR NATIONAL PROGRESS
    222 SUTTER STREET
    Suite 209
    SAN FRANCISCO,CA91602     		N/A   Provide free counseling and support to military service members 5,000
    ROSENBACH MUSEUM
    1612 K STREET NW
    Suite 221
    PHILADELPHIA,PA63109     		N/A   Grass-roots effort to help young people who have studied in Iraq acquire the education they need to participate in rebuilding their country 600
    GOVERNMENT ACCOUNTABILITY PROJECT
    4805 MT HOPE DRIVE
    500 Colelge Avenue
    WASHINGTON,DC200777438     		N/A   Advances democracy and equality for all Israelis 2,500
    NAACP
    PO BOX 421186
    BALTIMORE,MD10018     		N/A   Ensures human rights protections and access to justice for all immigrants, refugees and asylum seekers 2,500
    TEMPLE BETH ISRAEL
    426 SOUTH ALEXANDRIA AVENUE
    Suite 501
    LOS ANGELES,CA98370     		N/A   Provides post-secondary education to the incarcerated 2,500
    ALEXANDRIA HOUSE
    PO BOX 27573
    Ground Floor
    LOS ANGELES,CA10018     		N/A   Ensures human rights protections and access to justice for all immigrants, refugees and asylum seekers 500
    FRIENDS OF GRIFFITH PARK
    47 NORTH OCCIDENTAL BOULEVARD
    Suite 501
    LOS ANGELES,CA94102     		N/A   Advocates for the civil rights and empowerment of incarcerated parents, children, and family members and people at risk for incarceration 1,000
    NEW VILLAGE CHARTER SCHOOL
    301 Grove Street
    Suite 490
    LOS ANGELES,CA97239     		N/A   Focuses on the tribal capacity to prevent child abuse and neglect in the American Indian community 20,000
    MAKE THE ROAD - NEW YORK
    PO BOX 191181
    Suite 300
    BROOKLYN,NY98266     		N/A   Champions the needs of students and the initiatives of Whatcom Community College 25,000
    MASBIA
    325 Public Street
    BROOKLYN,NY98104     		N/A   Strengthens the rights and well-being of immigrants and refugees 500
    BIG PICTURE COMPANY
    PO BOX 512210
    Suite 400
    PROVIDENCE,RI10004     		N/A   Defend Constitutionally-mandated rights for individuals 10,000
    CALIFORNIA STATE PARKS FOUNDATION
    474 S RAYMOND AVENUE
    18th Floor
    LOS ANGELES,CA11215     		N/A   Restores, develops, and operates public park 200
    KPCC PUBLIC RADIO
    1900 PICO BLVD
    PASADENA,CA90405     		N/A   Public radio station 200
    KCRW PUBLIC RADIO
    324 Madeline Drive
    Suite 1401
    SANTA MONICA,CA91105     		    College preparatory education 200
    Total .................................bullet 3a 372,100
    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          
    4 Dividends and interest from securities....     14 56,141  
    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 70,891  
    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)..   127,032  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13127,032
    (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

    TY 2012 AccountingFeesSchedule
    Name:
    POSEL FOUNDATION
    EIN: 23-2581520
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 2,300 2,300    

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

    TY 2012 DepreciationSchedule
    Name:
    POSEL FOUNDATION
    EIN: 23-2581520
    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 InvestmentsCorpBondsSchedule
    Name:
    POSEL FOUNDATION
    EIN: 23-2581520
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BOND 20,000 20,645
    AMERICAN DEPOSITORY RECEIPT 7,570 12,141

    TY 2012 InvestmentsCorpStockSchedule
    Name:
    POSEL FOUNDATION
    EIN: 23-2581520
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORPORATE STOCK 109,864 154,299

    TY 2012 InvestmentsGovtObligationsSch
    Name:
    POSEL FOUNDATION
    EIN: 23-2581520
    US Government Securities - End of Year Book Value:

    71,862
    US Government Securities - End of Year Fair Market Value:

    71,733
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2012 InvestmentsOtherSchedule2
    Name:
    POSEL FOUNDATION
    EIN: 23-2581520
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MUTUAL FUNDS AT COST 1,483,212 1,845,491

    TY 2012 LandEtcSchedule2
    Name:
    POSEL FOUNDATION
    EIN: 23-2581520
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value


    TY 2012 LegalFeesSchedule
    Name:
    POSEL FOUNDATION
    EIN: 23-2581520
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 10,714 10,714    


    TY 2012 OtherExpensesSchedule
    Name:
    POSEL FOUNDATION
    EIN: 23-2581520
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK FEES 240 240    
    TRUSTEES FEES 5,000 5,000    


    TY 2012 OtherProfessionalFeesSchedule
    Name:
    POSEL FOUNDATION
    EIN: 23-2581520
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 1,706 1,706    


    TY 2012 TaxesSchedule
    Name:
    POSEL FOUNDATION
    EIN: 23-2581520
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAX EXPENSE 600 600    
    FOREIGN 375 375