Form990-PF
Click to see attachment

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 07-01-2012 , and ending 06-30-2013
Name of foundation
The Carl Marks Foundation Inc
 

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

13-6169215
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$23,549,208J 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) 251
2 Check bullet
3 Interest on savings and temporary cash investments 292 292  
4 Dividends and interest from securities...... 199,284 199,284  
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 555,780
b Gross sales price for all assets on line 6a 2,480,853
7 Capital gain net income (from Part IV, line 2)... 555,780
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)....... Click to see attachment 3,632 221  
12 Total. Add lines 1 through 11........ 759,239 755,577  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 56,946     56,946
15 Pension plans, employee benefits....... 4,356     4,356
16a Legal fees (attach schedule)......... Click to see attachment 26,954     26,954
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 84,952     84,952
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 12,104 3,504    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 1,547     1,547
22 Printing and publications.......... 287     287
23 Other expenses (attach schedule)....... Click to see attachment 35,051 439   34,612
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 222,197 3,943   209,654
25 Contributions, gifts, grants paid........ 2,839,139 2,839,139
26 Total expenses and disbursements. Add lines 24 and 25 3,061,336 3,943   3,048,793
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,302,097
b Net investment income (if negative, enter -0-) 751,634
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.......... 682,558 305,534 305,534
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 19,062,343 Click to see attachment17,137,270 23,243,674
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
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) 19,744,901 17,442,804 23,549,208
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 19,744,901 17,442,804
30 Total net assets or fund balances (see page 17 of the
instructions).................... 19,744,901 17,442,804
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 19,744,901 17,442,804
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 19,744,901
2 Enter amount from Part I, line 27a..................... 2 -2,302,097
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 17,442,804
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 17,442,804
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 2,480,853   1,925,073 555,780
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       555,780
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 2 555,780
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 2,418,678 22,895,862 000.105638
2010 1,784,442 27,173,598 000.065668
2009 1,742,622 24,600,504 000.070837
2008 1,716,310 23,405,369 000.073330
2007 1,483,459 35,095,955 000.042269
2 Total of line 1, column (d) ...................... 2 000.357742
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. . . 		3 000.071548
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 23,215,890
5 Multiply line 4 by line 3....................... 5 1,661,050
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 7,516
7 Add lines 5 and 6......................... 7 1,668,566
8 Enter qualifying distributions from Part XII, line 4.............. 8 3,048,793
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 7,516
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 7,516
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 7,516
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a 17,932
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: 17932 7 17,932
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 10,416
11 Enter the amount of line 10 to be: Credited to 2013 estimated taxBullet7,600 Refunded Bullet 11 2,816
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)
    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
    Andrew M Boas Co-Pres / Dir
    001.00     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE19809
    Carol A Boas Treas
    001.00     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE19809
    Carol L Boas Sec / Asst Treas
    001.00     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE19809
    Rick Boas VP / Dir
    001.00     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE19809
    Marjorie Boas-Levins Chairman / Dir
    001.00     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE19809
    Mark Claster Co-Pres / Dir
    001.00     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE19809
    Susan B Claster VP / Dir
    001.00     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE19809
    Jack Levins Asst Sec / Asst Treas
    001.00     		0    
    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
    Ms Susan Shankman Program Admin
    040.00     		56,946    
    575 Riverside Avenue
    Westport,CT06824
    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
    Marks Family Foundation Philanthropic 81,807
    900 Third Avenue - 33rd Floor
    New York,NY10022
    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 SEE ATTACHMENT 26,898
    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
    22,961,721
    b
    Average of monthly cash balances.......................
    1b
    607,710
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    23,569,431
    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
    23,569,431
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) Click to see attachment.............................
    4
    353,541
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    23,215,890
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,160,795
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,160,795
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    7,516
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    7,516
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,153,279
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    1,153,279
    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
    1,153,279
    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
    3,048,793
    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
    3,048,793
    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
    7,516
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    3,041,277
    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 1,153,279
    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.......  
    c From 2009.......  
    d From 2010.......  
    e From 2011....... 1,089,026
    fTotal of lines 3a through e......... 1,089,026
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 3,048,793
    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..... 1,153,279
    e Remaining amount distributed out of corpus 1,895,514
    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 2,984,540
    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 ......     		2,984,540
    10 Analysis of line 9:
    a Excess from 2008....  
    b Excess from 2009....  
    c Excess from 2010....  
    d Excess from 2011.... 1,089,026
    e Excess from 2012.... 1,895,514
    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).)
    Andrew M Boas
    Mark Claster
    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
    ACHIEVEMENT FIRST INC
    403 JAMES ST
    NEW HAVEN,CT06513     		N/A 509a1 General Unrestricted 150,000
    ACHIEVEMENT FIRST BRIDGEPORT ACADEMY
    403 JAMES ST
    NEW HAVEN,CT06513     		N/A 509a1 General Unrestricted 200,000
    ALZHEIMERS DISEASE & REL DISORDERS ASSN
    225 N MICHIGAN AVE 17TH FL
    CHICAGO,IL60601     		N/A 509a1 General Unrestricted 1,000
    AMERICAN CANCER SOCIETY
    250 WILLIAMS ST
    ATLANTA,GA30303     		N/A 509a1 The Babe at Fresh Meadow Country Club Campaign 1,510
    AMERICAN COMM - WEIZMANN INST OF SCIENCE
    633 3RD AVE FL 20
    NEW YORK,NY10017     		N/A 509a1 General Unrestricted 1,500
    AMERICAN DIABETES ASSOCIATION
    1701 N BEAUREGARD ST
    ALEXANDRIA,VA22311     		N/A 509a2 General Unrestricted 1,000
    AMERICAN FRIENDS OF SHALVA ISRAEL INC
    315 5TH AVE FL 6
    NEW YORK,NY10016     		N/A 509a1 General Unrestricted 36,000
    AMERICAN FRIENDS OF SHALVA ISRAEL INC
    315 5TH AVE FL 6
    NEW YORK,NY10016     		N/A 509a1 Construction of an Overnight Respite Suite 50,000
    AMERICAN FRIENDS OF THE HEBREW UNIV
    1 BATTERY PARK PLZ 25TH FL
    NEW YORK,NY10004     		N/A 509a1 General Unrestricted 6,000
    AMRCN FRDS OF ISRL PHILHARMONIC ORCHA
    122 E 42ND ST RM 4507
    NEW YORK,NY10168     		N/A 509a1 General Unrestricted 2,500
    AMERICAN JEWISH COMMITTEE
    165 E 56TH ST
    NEW YORK,NY10022     		N/A 509a1 General Unrestricted 7,500
    AMERICAN JEWISH JOINT DISTRIBUTION COMMITTEE INC
    711 3RD AVE
    NEW YORK,NY10017     		N/A 509a1 Inter-Agency Task Force on Arab Israeli Issues 5,000
    AMERICAN MONTESSORI SOCIETY INC
    116 E 16TH ST FL 6
    NEW YORK,NY10003     		N/A 509a2 Bridgeport Montessori Project 5,000
    AMERICAN SOCIETY FOR YAD VASHEM INC
    500 5TH AVE FL 42
    NEW YORK,NY10110     		N/A 509a1 General Unrestricted 375
    AMERICARES FOUNDATION INC
    88 HAMILTON AVE
    STAMFORD,CT06902     		N/A 509a1 General Unrestricted 10,000
    ANN & ROBERT H LURIE CHILDRENS HOSPITAL OF CHICAGO
    225 E CHICAGO AVE BOX 4
    CHICAGO,IL60611     		N/A 509a1 Patient Emergency Fund 40,000
    ANTI-DEFAMATION LEAGUE
    605 3RD AVE
    NEW YORK,NY10158     		N/A 509a2 General Unrestricted 1,000
    ANTI-DEFAMATION LEAGUE OF BNAI BRITH - CT REGIONAL OFFICE
    1952 WHITNEY AVE 3RD FL
    HAMDEN,CT06517     		N/A 509a2 2012 Campaign 5,000
    APPALACHIAN MOUNTAIN CLUB
    5 JOY ST
    BOSTON,MA02108     		N/A 509a1 General Unrestricted 1,500
    ASCENT A SCHOOL FOR INDIVIDUALS WITH AUTISM
    819 GRAND BLVD STE A
    DEER PARK,NY11729     		N/A 509a1 General Unrestricted 1,000
    B'NAI B'RITH
    3397 BARHAM BLVD
    LOS ANGELES,CA90068     		N/A 509a1 General Unrestricted 300
    BE THE MATCH FOUNDATION
    3001 BROADWAY ST NE STE 601
    MINNEAPOLIS,MN55413     		N/A 509a1 General Unrestricted 5,000
    BI CULTURAL DAY SCHOOL
    2186 HIGH RIDGE RD
    STAMFORD,CT06903     		N/A 509a1 General Unrestricted 180
    BLUE ENGINE INC
    55 EXCHANGE PL 6TH FL
    NEW YORK,NY10005     		N/A 509a1 General Unrestricted 14,400
    BRANDEIS UNIVERSITY
    MS 027 415 S ST
    WALTHAM,MA02453     		N/A 509a1 Annual Scholarship Fund 1,000
    BUILDERS BEYOND BORDERS
    8 WILLARD RD
    NORWALK,CT06851     		N/A 509a2 General Unrestricted 400
    BUILDERS BEYOND BORDERS
    8 WILLARD RD
    NORWALK,CT06851     		N/A 509a2 Annual Fund 3,000
    BUILDON INC
    PO BOX 16741
    STAMFORD,CT06905     		N/A 509a1 General Unrestricted 2,500
    CANTERBURY SCHOOL INCORPORATED
    101 ASPETUCK AVE
    NEW MILFORD,CT06776     		N/A 509a1 Don V Reed Jr. Fund 1,000
    CENTER FOR JEWISH HISTORY INC
    15 W 16TH ST
    NEW YORK,NY10011     		N/A 509a1 General Unrestricted 5,000
    CHILD ABUSE PREVENTION SERVICES INC
    PO BOX 176
    ROSLYN,NY11576     		N/A 509a1 General Unrestricted 7,500
    CITY SQUASH INC
    PO BOX 619
    BRONX,NY10458     		N/A 509a1 High School Academics, College Prep College Support Program 40,000
    CLASP HOMES INC
    246 POST RD E
    WESTPORT,CT06880     		N/A 509a2 General Unrestricted 12,500
    CONGREGATION BETH SHALOM
    3433 WALTERS AVE
    NORTHBROOK,IL60062     		N/A 509a1 Rabbi Wolkins Good and Welfare Fund 1,800
    CONNECTICUT COALITION FOR ACHIEVEMENT NOW INC - CONNCAN
    85 WILLOW ST
    NEW HAVEN,CT06511     		N/A 509a1 General Unrestricted 75,000
    CONNECTICUT COALITION FOR ACHIEVEMENT NOW INC - CONNCAN
    85 WILLOW ST
    NEW HAVEN,CT06511     		N/A 509a1 Charitable Event 5,000
    CONNECTICUT FARMLAND TRUST INC
    77 BUCKINGHAM ST
    HARTFORD,CT06106     		N/A 509a1 General Unrestricted 1,000
    CONNECTICUT HOSPICE INC
    100 DOUBLE BEACH RD
    BRANFORD,CT06405     		N/A 509a1 Fay Fund 20,000
    CORNELL UNIVERSITY
    130 E SENECA ST STE 400
    ITHACA,NY14850     		N/A 509a1 Cornell Plantations 200
    CROHNS & COLITIS FOUNDATION OF AMERICA
    386 PARK AVE S FL 17
    NEW YORK,NY10016     		N/A 509a1 General Unrestricted 500
    CUBA AMERICA JEWISH MISSION
    6601 BRADLEY BLVD
    BETHESDA,MD20817     		N/A 509a1 General Unrestricted 20,000
    CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION INC
    625 JAMAICA AVE
    BROOKLYN,NY11208     		N/A 509a1 Moving Toward Achievement Program 50,000
    CYSTIC FIBROSIS FOUNDATION
    424 MADISON AVE 6TH FL
    NEW YORK,NY10017     		N/A 509a1 General Unrestricted 100
    DOCTORS WITHOUT BORDERS USA INC
    333 7TH AVE 2ND FL
    NEW YORK,NY10001     		N/A 509a1 General Unrestricted 10,100
    DOMUS KIDS INC
    83 LOCKWOOD AVE
    STAMFORD,CT06902     		N/A 509a1 General Unrestricted 2,500
    DONORSCHOOSE ORG
    213 W 35TH ST 2ND FL E
    NEW YORK,NY10001     		N/A 509a1 General Unrestricted 7,000
    DUKE UNIVERSITY
    PO BOX 90581
    DURHAM,NC27708     		N/A 509a1 PBMT Family Support Program in Honor of Doninger Bridal Shower Program 360
    DUKE UNIVERSITY
    512 S MANGUM ST STE 400
    DURHAM,NC27701     		N/A 509a1 PBMT Family Support Program 500
    EASTER SEALS NEW YORK INC
    103 WHITE SPRUCE BLVD
    ROCHESTER,NY14623     		N/A 509a1 General Unrestricted 100
    ECHOING GREEN FOUNDATION
    494 8TH AVE 2
    NEW YORK,NY10001     		N/A 509a1 General Unrestricted 1,000
    EDIBLE SCHOOLYARD NEW YORK
    319 LAFAYETTE ST NUM 168
    NEW YORK,NY10012     		N/A 509a1 General Unrestricted 1,000
    EDITH AND CARL MARKS JEWISH COMMUNITY HOUSE OF BENSONHURST INC
    7802 BAY PKWY
    BROOKLYN,NY11214     		N/A 509a1 General Unrestricted 10,000
    FIGURE SKATING IN HARLEM INC
    361 W 125TH ST
    NEW YORK,NY10027     		N/A 509a1 Support Program Expansion and Enhancement 40,000
    FIVER CHILDRENS FOUNDATION INC
    519 8TH AVE 24TH FL
    NEW YORK,NY10028     		N/A 509a1 Step Up to High School and Beyond Program 50,000
    FRESH AIR FUND
    633 3RD AVE
    NEW YORK,NY10017     		N/A 509a1 General Unrestricted 100
    FRIENDS OF BAXTER STATE PARK
    PO BOX 609
    UNION,ME04862     		N/A 509a1 General Unrestricted 500
    FRIENDS OF BURLEY
    1630 W BARRY AVE
    CHICAGO,IL60657     		N/A 509a2 General Unrestricted 25,000
    FRIENDS OF THE CHILDREN NEW YORK
    PO BOX 1649
    NEW YORK,NY10026     		N/A 509a1 Unrestricted Support 50,000
    FRIENDS OF THE LEVITT PAVILION INC
    260 S COMPO RD
    WESTPORT,CT06880     		N/A 509a1 General Unrestricted 1,000
    FRIENDS OF WESTPORT PARKS AND RECREATION INC
    260 COMPO RD S
    WESTPORT,CT06880     		N/A 509a1 General Unrestricted 300
    FRIENDS OF YEMIN ORDE INC
    12230 WILKINS AVE
    ROCKVILLE,MD20852     		N/A 509a1 General Unrestricted 500
    FRIENDS OF YEMIN ORDE INC
    12230 WILKINS AVE
    ROCKVILLE,MD20852     		N/A 509a1 Graduate Support Program and General Support 60,000
    FRIENDS OF YEMIN ORDE INC
    12230 WILKINS AVE
    ROCKVILLE,MD20852     		N/A 509a1 Mark Claster Scholarships for Higher Education 10,000
    GABBY KRAUSE FOUNDATION
    PO BOX 4905
    ENGLEWOOD,CO80155     		N/A 509a1 General Unrestricted 1,750
    GLOBAL JUSTICE ECOLOGY PROJECT INC
    230 N ST
    BUFFALO,NY14201     		N/A 509a1 General Unrestricted 15,000
    GREEN VILLAGE INITIATIVE INC
    ONE MORNINGSIDE DR N
    WESTPORT,CT06880     		N/A 509a2 Charitable Event 1,000
    GREG RICHARDS LARRY POLATSCH AND SCOTT WEINGARD MEMORIAL FUND INC
    4 EDGEWOOD DR
    RYE BROOK,NY10573     		N/A 509a1 General Unrestricted 1,000
    HABITAT FOR HUMANITY INTERNATIONAL INC
    51 AUSTIN ST
    DANBURY,CT06810     		N/A 509a1 General Unrestricted 1,500
    HABITAT FOR HUMANITY OF COASTAL FAIRFIELD COUNTY INC
    1542 BARNUM AVE
    BRIDGEPORT,CT06610     		N/A 509a1 Charitable Event 3,500
    HEARING HEALTH FOUNDATION
    363 7TH AVE FL 10
    NEW YORK,NY10001     		N/A 509a1 General Unrestricted 300
    HILLEL FOUNDATION AT TUFTS UNIVERSITY
    220 PACKARD AVE
    MEDFORD,MA02155     		N/A 509a1 General Unrestricted 700
    HILLEL THE FOUNDATION FOR JEWISH CAMPUS LIFE
    DAY HALL LOBBY CORNELL UNIV
    ITHACA,NY14853     		N/A 509a1 General Unrestricted 1,000
    HOFSTRA UNIVERSITY - SCHOOL OF LAW
    121 HOFSTRA UNIVERSITY RM 029L
    HEMPSTEAD,NY11549     		N/A 509a1 Child and Family Advocacy Fellows Program 150,000
    HOMES WITH HOPE INC
    49 RICHMONDVILLE AVE STE 112
    WESTPORT,CT06880     		N/A 509a1 General Unrestricted 4,500
    HORN OF AFRICA EDUCATION DEVELOPMENT FUND
    446 MAIN STREET
    WORCESTER,MA01608     		N/A 509a1 General Unrestricted 2,500
    INTERFAITH NUTRITION NETWORK
    211 FULTON AVE
    HEMPSTEAD,NY11550     		N/A 509a1 Be an Angel Sponsorship for General Support of the INN. Program 1,000
    INTERFAITH NUTRITION NETWORK
    211 FULTON AVE
    HEMPSTEAD,NY11550     		N/A 509a1 Charitable Event 3,250
    INTERNATIONAL RESCUE COMMITTEE INC
    122 E 42ND ST
    NEW YORK,NY10168     		N/A 509a1 General Unrestricted 10,000
    ITHACA COLLEGE
    953 DANBY RD
    ITHACA,NY14850     		N/A 509a1 Jewish Studies Program 10,000
    ITNCOASTALCT INC
    PO BOX 231
    WESTPORT,CT06881     		N/A 509a1 General Unrestricted 500
    JEWISH CHILD CARE ASSOCIATION OF NEW YORK
    858 E 29TH ST
    BROOKLYN,NY11210     		N/A 509a1 General Unrestricted 250
    JEWISH FEDERATION OF PALM BEACH COUNTY INC
    4601 COMMUNITY DR
    WEST PALM BEACH,FL33417     		N/A 509a1 General Unrestricted 3,000
    JEWISH HOME LIFECARE MANHATTAN
    120 W 106TH ST
    NEW YORK,NY10025     		N/A 509a1 Geriatric Career Development Program 50,000
    JUNIOR ACHIEVEMENT OF SOUTHWEST NEW ENGLAND
    11 ASYLUM ST STE 601
    HARTFORD,CT06103     		N/A 509a1 Charitable Event 1,000
    KIDS OF NYU FOUNDATION INC
    902 BROADWAY STE 1603
    NEW YORK,NY10011     		N/A 509a1 General Unrestricted 2,500
    KOREA FOUNDATION FOR WOMEN
    5F KOREA FOUNDATION FOR WOMEN BLDG
    SEOUL   1227
    KS     		N/A 509a1 Equivalency De General Unrestricted 56,100
    KOREA FOUNDATION FOR WOMEN
    5F KOREA FOUNDATION FOR WOMEN BLDG
    SEOUL   1227
    KS     		N/A 509a1 Equivalency De General Unrestricted 182,040
    LIBERATION PROGRAMS INC
    129 GLOVER AVE
    NORWALK,CT06850     		N/A 509a1 General Unrestricted 1,000
    LIGHTHOUSE FOR THE BLIND OF PALM BEACHES INC
    1715 E TIFFANY DR
    WEST PALM BCH,FL33407     		N/A 509a2 General Unrestricted 100
    MAKE-A-WISH FOUNDATION OF METRO NEW YORK INC
    1111 MARCUS AVE STE LL22
    LAKE SUCCESS,NY11042     		N/A 509a1 General Unrestricted 150
    MARINE TOYS FOR TOTS FOUNDATION
    18251 QUANTICO GATEWAY DR
    TRIANGLE,VA22172     		N/A 509a1 Charitable Event 100
    MARTINA ARROYO FOUNDATION
    200 CENTRAL PARK S
    NEW YORK,NY10019     		N/A 509a2 General Unrestricted 2,500
    MEDIA ISLAND INTERNATIONAL DTD 0391
    PO BOX 7204
    OLYMPIA,WA98507     		N/A 509a1 Black Mesa Indigenous Support Project 3,000
    MEDIA ISLAND INTERNATIONAL DTD 0391
    PO BOX 7204
    OLYMPIA,WA98507     		N/A 509a1 BMIS Project 1,500
    MERCY LEARNING CENTER OF BRIDGEPORT INC
    637 PARK AVE
    BRIDGEPORT,CT06604     		N/A 509a2 General Unrestricted 500
    MIAMI CITY BALLET INC
    2200 LIBERTY AVE
    MIAMI BEACH,FL33139     		N/A 509a1 General Unrestricted 250
    MORRYS CAMP INC
    350 EXECUTIVE BLVD
    ELMSFORD,NY10523     		N/A 509a1 General Unrestricted 2,500
    MORSELIFE FOUNDATION INC
    4847 FRED GLADSTONE DR
    WEST PALM BCH,FL33417     		N/A 509a1 General Unrestricted 2,500
    MUSEUM OF MODERN ART
    11 W 53RD ST
    NEW YORK,NY10019     		N/A 509a1 General Unrestricted 175
    NATIONAL FRAGILE X FOUNDATION
    1615 BONANZA ST
    WALNUT CREEK,CA94596     		N/A 509a1 General Unrestricted 200
    NATIONAL MULTIPLE SCLEROSIS SOCIETY
    40 MARCUS DR STE 100
    MELVILLE,NY11747     		N/A 509a1 General Unrestricted 5,000
    NEIGHBORHOOD STUDIOS OF FAIRFIELD COUNTY INC
    391 E WASHINGTON AVE
    BRIDGEPORT,CT06608     		N/A 509a2 Charitable Event 225
    NEW HEIGHTS YOUTH INC
    2576 BROADWAY PMB 213
    NEW YORK,NY10025     		N/A 509a1 College Assist Program 40,000
    NY PRESBYTERIAN HOSPITAL - COLUMBIA UNIV MEDICAL CTR
    525 E 68TH ST BOX 123
    NEW YORK,NY10032     		N/A 509a1 The James Lenox Society 1,000
    NORTH EAST COMMUNITY CYCLES INC
    PO BOX 735
    MONROE,CT06468     		N/A 509a1 General Unrestricted 500
    NORTH SHORE LONG ISLAND JEWISH HEALTH SYSTEM FOUNDATION
    972 BRUSH HOLLOW RD 5TH FL
    WESTBURY,NY11590     		N/A 509a1 Annual Fund 10,000
    NORTH SHORE LONG ISLAND JEWISH HEALTH SYSTEM FOUNDATION
    972 BRUSH HOLLOW RD 5TH FL
    WESTBURY,NY11590     		N/A 509a1 Child Life Fund 5,500
    NORTH SHORE LONG ISLAND JEWISH HEALTH SYSTEM FOUNDATION
    972 BRUSH HOLLOW RD 5TH FL
    WESTBURY,NY11590     		N/A 509a1 Hurricane Relief Fund 10,000
    NORTH SHORE LONG ISLAND JEWISH HEALTH SYSTEM FOUNDATION
    972 BRUSH HOLLOW RD 5TH FL
    WESTBURY,NY11590     		N/A 509a1 Adopt-A-Family Program 500
    NORTH SHORE LONG ISLAND JEWISH HEALTH SYSTEM FOUNDATION
    972 BRUSH HOLLOW RD 5TH FL
    WESTBURY,NY11590     		N/A 509a1 The Child Life Program at Cohen Childrens Medical Center 2,500
    NORTH SHORE LONG ISLAND JEWISH HEALTH SYSTEM FOUNDATION
    972 BRUSH HOLLOW RD 5TH FL
    WESTBURY,NY11590     		N/A 509a1 The Child Life Program at Cohen Childrens Medical Center of NY 5,500
    NORTH SHORE LONG ISLAND JEWISH HEALTH SYSTEM FOUNDATION
    972 BRUSH HOLLOW RD 5TH FL
    WESTBURY,NY11590     		N/A 509a1 Annual Appeal 5,000
    NORTH SHORE LONG ISLAND JEWISH HEALTH SYSTEM FOUNDATION
    972 BRUSH HOLLOW RD 5TH FL
    WESTBURY,NY11590     		N/A 509a1 General Support for Research 90,000
    NORTH SHORE LONG ISLAND JEWISH HEALTH SYSTEM FOUNDATION
    972 BRUSH HOLLOW RD 5TH FL
    WESTBURY,NY11590     		N/A 509a1 Robert S. Boas Center for Genomics and Human Genetics 250,000
    NORTH SHORE LONG ISLAND JEWISH HEALTH SYSTEM FOUNDATION
    972 BRUSH HOLLOW RD 5TH FL
    WESTBURY,NY11590     		N/A 509a1 The Feinstein Institute for Medical Research 50,000
    NORTON MUSEUM OF ART INC
    1451 S OLIVE AVE
    WEST PALM BCH,FL33401     		N/A 509a2 General Unrestricted 200
    NURSE FAMILY PARTNERSHIP
    1900 GRANT ST NO 400
    DENVER,CO80203     		N/A 509a1 General Unrestricted 2,500
    OPERATION FUEL INC
    1 REGENCY DR STE 200
    BLOOMFIELD,CT06002     		N/A 509a1 General Unrestricted 2,500
    ORT AMERICA INC
    75 MAIDEN LN RM 10
    NEW YORK,NY10038     		N/A 509a1 General Unrestricted 150
    OXALOSIS AND HYPEROXALURIA FOUNDATION
    201 E 19TH ST
    NEW YORK,NY10003     		N/A 509a2 General Unrestricted 500
    PALM BEACH COUNTRY CLUB FOUNDATION INC
    760 N OCEAN BLVD
    PALM BEACH,FL33480     		N/A 509a1 General Unrestricted 1,000
    PAN MASSACHUSETTS CHALLENGE TRUST
    77 4TH AVE
    NEEDHAM,MA02494     		N/A 509a1 General Unrestricted 500
    PARTNERSHIP FOR STRONG COMMUNITIES INC
    227 LAWRENCE ST
    HARTFORD,CT06106     		N/A 509a1 2013 LDR Program 10,000
    POPULATION COUNCIL INC
    1 DAG HAMMARSKJOLD PLZ FL 9
    NEW YORK,NY10017     		N/A 509a1 General Unrestricted 3,000
    RAYMOND F KRAVIS CENTER FOR THE PERFORMING ARTS INC
    701 OKEECHOBEE BLVD
    WEST PALM BCH,FL33401     		N/A 509a1 Annual Fund 25,000
    ROCKING THE BOAT INC
    812 EDGEWATER RD
    BRONX,NY10474     		N/A 509a1 General Operating Support and Planning for Alumni Program 50,000
    ROW NEW YORK
    10-27 46TH AVE STE 101
    LONG ISLAND CITY,NY11101     		N/A 509a1 Academic Components of the Middle and High School Programs 40,000
    SAN MIGUEL-CASA INC
    2418 HARRIS BLVD
    AUSTIN,TX78703     		N/A 509a1 Professional Midwifery Program 20,850
    SEVA FOUNDATION
    1786 5TH ST
    BERKELEY,CA94710     		N/A 509a1 Nepal Sight Program 20,000
    SEVA FOUNDATION
    1786 5TH ST
    BERKELEY,CA94710     		N/A 509a1 Sight Program 30,000
    SMITHSONIAN INSTITUTION
    PO BOX 37012 MRC035
    WASHINGTON,DC20013     		N/A 509a1 General Unrestricted 90
    SOUTH EAST CONSORTIUM FOR SPECIAL SERVICES INC
    740 W BOSTON POST RD
    MAMARONECK,NY10543     		N/A 509a1 General Unrestricted 20,000
    ST ANN'S WAREHOUSE
    55 WASHINGTON ST STE 45B
    BROOKLYN,NY11201     		N/A 509a1 General Unrestricted 6,500
    ST JOHNS UNIVERSITY
    8000 UTOPIA PKWY
    JAMAICA,NY11439     		N/A 509a1 General Unrestricted 1,000
    STANFORD UNIVERSITY GRADUATE SCHOOL OF BUSINESS
    518 MEMORIAL WAY RM S239
    STANFORD,CA94305     		N/A 509a1 Service Learning 10,000
    STREETSQUASH INC
    40 W 116TH ST
    NEW YORK,NY10026     		N/A 509a1 Alumni Program 50,000
    TEMPLE BETH EL OF GREAT NECK
    5 OLD MILL RD
    GREAT NECK,NY11023     		N/A 509a1 General Unrestricted 500
    TEMPLE BETH EL OF GREAT NECK
    5 OLD MILL RD
    GREAT NECK,NY11023     		N/A 509a1 Robert Boas Music Fund 500
    THE CONSERVATIVE SYNAGOGUE INC
    30 HILLSPOINT RD
    WESTPORT,CT06880     		N/A 509a1 Share the Pie Project 300
    THE CONSERVATIVE SYNAGOGUE INC
    30 HILLSPOINT RD
    WESTPORT,CT06880     		N/A 509a1 Kol Nidre Campaign 10,000
    THE FAIRFIELD COUNTY COMMUNITY FOUNDATION INC
    383 MAIN AVE 4TH FL
    NORWALK,CT06851     		N/A 509a1 Good Schools Bridgeport Fund 100,000
    THE FOUNDATION FOR AIDS RESEARCH
    120 WALL ST 13TH FL
    NEW YORK,NY10005     		N/A 509a1 General Unrestricted 100
    THE INST FOR THE ADVANCEMENT OF EDU IN JAFFA INC
    171-06 76TH AVE
    FLUSHING,NY11366     		N/A 509a1 Beit Ruth Program 50,000
    THE LEUKEMIA & LYMPHOMA SOCIETY INC NYC CHAPTER
    475 PARK AVE S 8TH FL
    NEW YORK,NY10016     		N/A 509a1 General Unrestricted 100
    THE METROPOLITAN MUSEUM OF ART
    1000 5TH AVE
    NEW YORK,NY10028     		N/A 509a1 General Unrestricted 200
    THE MULTIPLE MYELOMA RESEARCH FOUNDATION INC
    383 MAIN AVE FL 5
    NORWALK,CT06851     		N/A 509a1 General Unrestricted 5,000
    TOURETTE SYNDROME ASSOCIATION INC
    42-40 BELL BLVD
    BAYSIDE,NY11361     		N/A 509a1 General Unrestricted 1,000
    TOWN OF PALM BEACH UNITED WAY INC
    44 COCOANUT ROW STE 201
    PALM BEACH,FL33480     		N/A 509a1 Red Feather Society 1,000
    TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
    100 E NORTHWESTERN AVE
    PHILADELPHIA,PA19118     		N/A 509a1 Graduate School of Education Scholarship Fund 10,000
    UJA-FEDERATION WESTPORT-WESTON- WILTON-NORWALK
    431 POST RD E
    WESTPORT,CT06880     		N/A 509a1 2012 Campaign 10,000
    UNITED JEWISH APPEAL FEDERATION OF JEWISH PHILANTHROPIES OF NY INC
    130 E 59TH ST
    NEW YORK,NY10022     		N/A 509a1 General Unrestricted 120,750
    UNITED JEWISH APPEAL FEDERATION OF JEWISH PHILANTHROPIES OF NY INC
    130 E 59TH ST
    NEW YORK,NY10022     		N/A 509a1 Annual Fund 500
    UNITED JEWISH APPEAL FEDERATION OF JEWISH PHILANTHROPIES OF NY INC
    130 E 59TH ST
    NEW YORK,NY10022     		N/A 509a1 General Campaign and Lions of Judea Initiative 41,000
    UNITED STATES COMMITTEE SPORTS FOR ISRAEL INC
    1926 ARCH ST STE 4R
    PHILADELPHIA,PA19103     		N/A 509a1 General Unrestricted 150
    UNITED WAY OF COASTAL FAIRFIELD COUNTY INC
    75 WASHINGTON AVE
    BRIDGEPORT,CT06604     		N/A 509a1 General Unrestricted 20,000
    UNIVERSITY OF PENNSYLVANIA SCHOOL OF NURSING
    418 CURIE BLVD
    PHILADELPHIA,PA19104     		N/A 509a1 General Unrestricted 2,500
    UNIVERSITY OF PENNSYLVANIA SCHOOL OF NURSING
    418 CURIE BLVD
    PHILADELPHIA,PA19104     		N/A 509a1 2012 Annual Fund 2,500
    UNIVERSITY OF VERMONT
    411 MAIN ST
    BURLINGTON,VT05401     		N/A 509a1 Boas Family Scholarship Fund 10,000
    UNIVERSITY SETTLEMENT SOCIETY OF NEW YORK
    184 ELDRIDGE ST 3RD FL
    NEW YORK,NY10002     		N/A 509a1 General Unrestricted 1,000
    WALL STREET SYNAGOGUE INC
    47 BEEKMAN ST
    NEW YORK,NY10038     		N/A 509a1 Yahrzeit Light Service in Remembrance of Kalman Berib Gershon Mordecai 100
    WASHINGTON INSTITUTE FOR NEAR EAST POLICY
    1828 L ST NW STE 1050
    WASHINGTON,DC20036     		N/A 509a1 General Unrestricted 2,500
    WESTPORT ARTS CENTER
    51 RIVERSIDE AVE
    WESTPORT,CT06880     		N/A 509a2 General Unrestricted 3,000
    WESTPORT CINEMA INITIATIVE
    154 MAIN ST
    WESTPORT,CT06880     		N/A 509a1 General Unrestricted 1,000
    WESTPORT LIBRARY ASSOC
    20 JESUP RD
    WESTPORT,CT06880     		N/A 509a1 General Unrestricted 10,000
    WILTON LAND CONSERVATION TRUST
    PO BOX 77
    WILTON,CT06897     		N/A 509a1 General Unrestricted 150
    WILTON LIBRARY ASSOCIATION INCORPORATED
    137 OLD RIDGEFIELD RD
    WILTON,CT06897     		N/A 509a2 General Unrestricted 1,000
    WILTON VOLUNTEER AMBULANCE CORPS INC
    234 DANBURY RD
    WILTON,CT06897     		N/A 509a1 General Unrestricted 200
    KOREA FOUNDATION FOR WOMEN
    5F 448-17 SEOGYO-DONG MAPO-GU
    SEOUL   1227
    KS     		N/A 509a1 Equivalency De General Unrestricted 85,377
    KOREA FOUNDATION FOR WOMEN
    5F 448-17 SEOGYO-DONG MAPO-GU
    SEOUL   1227
    KS     		N/A 509a1 Equivalency De General Unrestricted 107
    Total .................................bullet 3a 2,839,139
    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     14 292  
    4 Dividends and interest from securities....     14 199,284  
    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     18 555,780  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aFederal Tax Refund     01 3,411  
    bForeign Tax Refund     01 221  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   758,988  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13758,988
    (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: 12.19.1011.1
    Part VI Line 7 - Tax Paid Original Return: 17932


    Form 990PF - Special Condition Description:
    Special Condition Description

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

    TY 2012 GainLossSaleOtherAssetsSch
    Name:
    The Carl Marks Foundation Inc
    EIN: 13-6169215
    Software ID:12000057
    Software Version:12.19.1011.1
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    Publicly-traded Securities         2,480,853 1,925,073     555,780  

    TY 2012 GeneralExplanationAttachment
    Name:
    The Carl Marks Foundation Inc
    EIN: 13-6169215
    Software ID:12000057
    Software Version:12.19.1011.1
    Identifier Return Reference Explanation
        Part IX-A - Direct Charitable Activities The Korean Unwed Mothers Support Network http//kumsn.org advocates for the rights of unwed pregnant women, unwed mothers and their children in Korea. The Network works to educate, inform and promote discussion about the difficulties facing unwed mothers and their children in Korea in order to elevate their economic, political and social potential in society. Its goal is to enable Korean women to have sufficient resources and support to keep their babies if they choose, and thrive in Korean society, rather than feel compelled to give up their children for adoption or risk a life of poverty.
        Part IX-A - Direct Charitable Activities The Korean Unwed Mothers Support Network http//kumsn.org advocates for the rights of unwed pregnant women, unwed mothers and their children in Korea. The Network works to educate, inform and promote discussion about the difficulties facing unwed mothers and their children in Korea in order to elevate their economic, political and social potential in society. Its goal is to enable Korean women to have sufficient resources and support to keep their babies if they choose, and thrive in Korean society, rather than feel compelled to give up their children for adoption or risk a life of poverty.

    TY 2012 InvestmentsCorpStockSchedule
    Name:
    The Carl Marks Foundation Inc
    EIN: 13-6169215
    Software ID:12000057
    Software Version:12.19.1011.1
    Name of Stock End of Year Book Value End of Year Fair Market Value
    159370 shares of BARON FOCUSED GROWTH FD INSTI S 1,297,148 1,968,224
    8000 shares of BERKSHIRE HATHAWAY INC. CLASS B 610,384 895,360
    6668 shares of CENOVUS ENERGY INC 39,805 190,171
    24930 shares of CRIMSON WINE GROUP, LTD 90,550 212,404
    16668 shares of ENCANA CORP 268,204 282,356
    79300 shares of FOREST CITY ENTERPRISES CL A 2,589,152 1,420,263
    8784 shares of FRANCISCO IND INC 1,767 439
    6807 shares of ICF INTERNATIONAL, INC. 118,692 214,489
    27318 shares of KANSAS CITY SOUTHERN 530,682 2,894,615
    378900 shares of LEUCADIA NATL CORP 5,863,002 9,934,758
    153000 shares of NABORS INDUSTRIES LTD 2,179,685 2,342,430
    125300 shares of U S G CP 3,548,199 2,888,165

    TY 2012 LegalFeesSchedule
    Name:
    The Carl Marks Foundation Inc
    EIN: 13-6169215
    Software ID:12000057
    Software Version:12.19.1011.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    General Governance Matters and Counseling 26,954     26,954


    TY 2012 OtherExpensesSchedule
    Name:
    The Carl Marks Foundation Inc
    EIN: 13-6169215
    Software ID:12000057
    Software Version:12.19.1011.1
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 33,807     33,807
    Bank Charges 439 439    
    Credit Card Fee 55     55
    State or Local Filing Fees 750     750


    TY 2012 OtherIncomeSchedule2
    Name:
    The Carl Marks Foundation Inc
    EIN: 13-6169215
    Software ID:12000057
    Software Version:12.19.1011.1
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Federal Tax Refund 3,411    
    Foreign Tax Refund 221 221  


    TY 2012 OtherProfessionalFeesSchedule
    Name:
    The Carl Marks Foundation Inc
    EIN: 13-6169215
    Software ID:12000057
    Software Version:12.19.1011.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Philanthropic Services 84,952     84,952


    TY 2012 TaxesSchedule
    Name:
    The Carl Marks Foundation Inc
    EIN: 13-6169215
    Software ID:12000057
    Software Version:12.19.1011.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Estimated Tax for 2013 8,600      
    Foreign Tax Paid 3,504 3,504