TY 2012 Form 990PF

- TIN:

Form990-PF
Click to see list of attachments

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 10-01-2012 , and ending 09-30-2013

Name of foundation
SEVEN BRIDGES FOUNDATION INC

Number and street (or P.O. box number if mail is not delivered to street address)114 JOHN STREET Room/suite

City or town, state, and ZIP code
GREENWICH, CT06831

A Employer identification number

06-1498953

B Telephone number (see instructions)

(203) 861-7527

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85% test,
check here and attach computation ........... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$94,007,985J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

E If private foundation status was terminated
under section 507(b)(1)(A), check here ......... bullet

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ......... bullet

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)	1,365,850
2	Check
3	Interest on savings and temporary cash investments	96		96	96
4	Dividends and interest from securities......	2,063,600		2,063,600	2,063,600
5a	Gross rents..............	68,868		68,868	68,868
b	Net rental income or (loss) 68,868
6a	Net gain or (loss) from sale of assets not on line 10		-15,724,273
b	Gross sales price for all assets on line 6a 44,155,668
7	Capital gain net income (from Part IV, line 2)...
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........	-12,225,859		2,132,564	2,132,564
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......	134,500				134,500
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		460,000			460,000
b	Accounting fees (attach schedule).......		15,525	7,762	7,762	7,763
c	Other professional fees (attach schedule)....		142,577	142,577	142,577
17	Interest...............	709		709	709
18	Taxes (attach schedule) (see instructions)		199,067			199,067
19	Depreciation (attach schedule) and depletion...		193,447
20	Occupancy..............
21	Travel, conferences, and meetings.......	146,677				146,677
22	Printing and publications..........
23	Other expenses (attach schedule).......		600,567	24,025	24,024	513,542
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	1,893,069		175,073	175,072	1,461,549
25	Contributions, gifts, grants paid........	0				0
26	Total expenses and disbursements. Add lines 24 and 25	1,893,069		175,073	175,072	1,461,549
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-14,118,928
b	Net investment income (if negative, enter -0-)			1,957,491
c	Adjusted net income (if negative, enter -0-)...				1,957,492

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2012)

Form 990-PF (2012)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............
	2	Savings and temporary cash investments..........	1,535,871	5,676,411	5,676,405
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule)........	25,113,586	19,344,167	7,780,720
	c	Investments—corporate bonds (attach schedule)........	26,791,900	17,211,434	17,269,863
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	8,327,406	4,080,181	2,840,451
	14	Land, buildings, and equipment: basis 18,023,655
		Less: accumulated depreciation (attach schedule) 1,692,578	16,524,524	16,331,077	16,331,077
	15	Other assets (describe )	42,579,772	44,109,469	44,109,469
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	120,873,059	106,752,739	94,007,985
	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 )	2,430	1,038
	23	Total liabilities (add lines 17 through 22)..........	2,430	1,038
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........	17,210,649	17,210,649
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds	103,659,980	89,541,052
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................	120,870,629	106,751,701
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	120,873,059	106,752,739

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	120,870,629
2	Enter amount from Part I, line 27a.....................	2	-14,118,928
3	Other increases not included in line 2 (itemize)	3
4	Add lines 1, 2, and 3..........................	4	106,751,701
5	Decreases not included in line 2 (itemize)	5
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	106,751,701

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.)
1a
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
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	-15,724,273
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 . . . . . . . . . . . . . . . .		3	-15,724,273

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? Yes No

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	5,911,135	60,497,644	0.09771
2010	10,327,612	70,318,220	0.14687
2009	8,206,307	62,403,755	0.13150
2008	6,538,771	47,657,853	0.13720
2007	6,223,105	107,688,263	0.05779

2	Total of line 1, column (d) ......................	2	0.57107
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	0.11421
4	Enter the net value of noncharitable-use assets for 2012 from Part X, line 5.....	4	43,412,205
5	Multiply line 4 by line 3.......................	5	4,958,282
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	19,575
7	Add lines 5 and 6.........................	7	4,977,857
8	Enter qualifying distributions from Part XII, line 4..............	8	2,991,246
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)

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	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A” on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	39,150
	hereand 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	39,150
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	39,150
6	Credits/Payments:

a	2012 estimated tax payments and 2011 overpayment credited to 2012	6a	42,640
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	42,640
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	3,490
11	Enter the amount of line 10 to be: Credited to 2013 estimated tax3,490	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of

the instructions for definition)?............................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If “Yes,” attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If “Yes,” has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If “Yes,” attach the statement required by General Instruction T.

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?................

Yes

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.

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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.............................

Yes

Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.

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) .............

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).................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

WWW.SEVENBRIDGES.ORG

The books are in care of bullet

LINDA WILLIAMS Telephone no. bullet

(203) 861-7527

Located at bullet

114 JOHN STREETGREENWICHCT ZIP+4 bullet

06831

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

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? .................

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)

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?.........................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?.................YesNo

(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.).........YesNo

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)?...

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?.............

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)):

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?...............YesNo

If “Yes,” list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?.........................YesNo

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.)....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

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))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?...............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(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)........YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?........YesNo

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)? ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?............YesNo

If “Yes,” attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?........................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If “Yes” to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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
john ryan	Director 0.50	0
114 john street greenwich,CT06831	Director 0.50	0
steve walker	Director 0.50	0
114 john street greenwich,CT06831	Director 0.50	0
eileen baylis	Director 0.50	0
114 john street greenwich,CT06831	Director 0.50	0
james shantz	Director 0.50	0
114 john street greenwich,CT06831	Director 0.50	0
philip korsant	Director 0.50	0
114 john street greenwich,CT06831	Director 0.50	0
Laura Kaehler	Director 0.50	0
114 john street greenwich,CT06831	Director 0.50	0
richard c mckenzie jr	President 15.00	0
114 john street greenwich,CT06831	President 15.00	0

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
linda williams	prop mgr/admn 30.00	76,500
114 john street greenwich,CT06831	prop mgr/admn 30.00	76,500








Total number of other employees paid over $50,000...................

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
Gilbridge Tusa Last & Spellane LLC	legal services	120,000
31 Brookside Drive greenwich,CT06836	legal services	120,000
amgine llc	landscaping/construc	285,591
4 Hulda Hill Road wilton,CT06897	landscaping/construc	285,591
Grayson & Associates PC	legal services	340,000
124 West Putnam Avenue 2nd Floor greenwich,CT06830	legal services	340,000
flaherty & crumrine	portfolio management	128,454
301 e colorado blvd suite 720 pasadena,CA91101	portfolio management	128,454

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	collection of contemporary and modern works of art - new acquisitions and improvements	1,529,697
2	development, maintenance, operation and exhibition of collection in gallery and sculpture gardens, and acquisition, maintenance and improvement of grounds and program facilities	1,461,549
3


4

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.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

40,467,169

Average of monthly cash balances.......................

3,606,136

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

44,073,305

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

44,073,305

Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see

instructions) .............................

661,100

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

43,412,205

Minimum investment return. Enter 5% of line 5..................

2,170,610

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

Tax on investment income for 2012 from Part VI, line 5......

Income tax for 2012. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

Distributable amount before adjustments. Subtract line 2c from line 1............

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,

line 1................................

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

1,461,549

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

1,529,697

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

2,991,246

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).................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

2,991,246

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)

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
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.......
fTotal of lines 3a through e.........
4Qualifying distributions for 2012 from Part
XII, line 4: $
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.....
e Remaining amount distributed out of corpus
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
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 ..........
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 ......
10 Analysis of line 9:
a Excess from 2008....
b Excess from 2009....
c Excess from 2010....
d Excess from 2011....
e Excess from 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

1998-04-28

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

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	(e) Total
	1,957,492	1,725,221	3,515,911	3,120,188	10,318,812
b 85% of line 2a .........	1,663,868	1,466,438	2,988,524	2,652,160	8,770,990
c Qualifying distributions from Part XII, line 4 for each year listed .....	2,991,246	5,911,135	10,728,907	8,398,225	28,029,513
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 ....	2,991,246	5,911,135	10,728,907	8,398,225	28,029,513
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...	1,447,073	2,016,588	2,343,940	2,080,125	7,887,726
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).)

richard c mckenzie jr

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under
other conditions, complete items 2a, b, c, and d.

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year

Total ................................. 3a

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
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	96
4 Dividends and interest from securities....			14	2,063,600
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....			16	68,868
6Net rental income or (loss) from personal property
7 Other investment income.....
8Gain or (loss) from sales of assets other than inventory			18	-15,724,273
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				-13,591,709

13Total. Add line 12, columns (b), (d), and (e)..................

13-13,591,709

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 12

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section

Yes

501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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?...........YesNo

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name Firm's address			Firm's EIN
				Phone no.

Form 990-PF (2012)

Additional Data

Software ID:	12000229
Software Version:	2012v2.0

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

OMB No. 1545-0047

2012

Name of the organization

SEVEN BRIDGES FOUNDATION INC

Employer identification number

06-1498953

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, $5,000 or more (in money or
property) from any one contributor. Complete Parts I and II.

Special Rules

For a section 501(c)(3) organization filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi) and received from any one contributor, during the year, a contribution of the
greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For a section 501(c)(7), (8), or (10) organization filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 for use exclusively for religious, charitable,
scientific, literary, or educational purposes, or the prevention of cruelty to children or animals. Complete Parts I, II, and
III.

For a section 501(c)(7), (8), or (10) organization filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions for use exclusively for religious, charitable, etc., purposes, but these contributions did
not total to more than $1,000. If this box is checked, enter here the total contributions that were received during
the year for an exclusively religious, charitable, etc., purpose. Do not complete any of the parts unless the General Rule
applies to this organization because it received nonexclusively religious, charitable, etc., contributions of $5,000 or more
during the year ......................... Arrow Bullet

Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2 of its Form 990; or check the box on line H of its
Form 990-EZ or on Part I, line 2 of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2012)

Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

Page 2

Name of organization SEVEN BRIDGES FOUNDATION INC

Part I	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
5	richard mckenzie 114 john street greenwich, CT 06831	$600,000	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
4	brett glass 1030 Lizann Drive LaFayette, CA 94549	$200,000	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
3	rd joan dale hubbard foundation P O Box 2498 ruidoso, NM 88345	$25,000	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
2	james mckenzie 10947 chalon road los angeles, CA 90077	$525,000	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	michael landy 5065 encino avenue encino, CA 91316	$15,000	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

Page 3

Name of organization SEVEN BRIDGES FOUNDATION INC

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

Page 4

Name of organization
SEVEN BRIDGES FOUNDATION INC

Employer identification number

06-1498953

Part III

Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
that total more than $1,000 for the year. Complete columns (a) through (e) and the following line entry.
For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet

$
Use duplicate copies of Part III if additional space is needed.

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

Additional Data

Software ID:	12000229
Software Version:	2012v2.0

- TIN:

TY 2012 AccountingFeesSchedule

Name:

SEVEN BRIDGES FOUNDATION INC

EIN: 06-1498953

Software ID:12000229

Software Version:2012v2.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
accounting	15,525	7,762	7,762	7,763

- TIN:

TY 2012 ContractorCompensationExpln

Name:

SEVEN BRIDGES FOUNDATION INC

EIN: 06-1498953

Software ID:12000229

Software Version:2012v2.0

Contractor	Explanation
Grayson & Associates PC
Gilbridge Tusa Last & Spellane LLC
flaherty & crumrine
amgine llc

- TIN:

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

TY 2012 DepreciationSchedule

Name:

SEVEN BRIDGES FOUNDATION INC

EIN: 06-1498953

Software ID:12000229

Software Version:2012v2.0

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense
furniture & fixtures	2012-02-01	38,321	3,422	58	14.29 %	5,476
equipment	2012-05-14	1,431	107	54	20.00 %	286
computer software	2011-12-01	1,180	688	34	27.78 %	328
improvements	2012-07-10	50,000	415	67	6.67 %	3,335
equipment	2011-05-01	27,071	8,121	54	20.00 %	5,414
furniture & fixtures	2011-07-01	22,455	4,812	58	14.29 %	3,209
security system upgrade	2011-02-01	19,075	1,431	69	5.00 %	954
software	2010-05-13	372	295	35	20.83 %	77
equipment	2010-09-01	8,504	3,615	54	20.00 %	1,701
security system	2010-08-01	5,664	601	69	5.00 %	283
Tileing-Carriage House	2009-09-16	4,054	810	67	6.67 %	270
2 dell laptops	2008-08-13	2,960	2,467	54	10.00 %	296
dell office computer	2007-10-18	2,004	1,971	54	10.00 %	33
stove	2008-01-11	2,250	1,527	58	14.28 %	321
shed	2008-05-15	375	238	58	14.28 %	54
shades	2008-01-11	1,530	1,039	58	14.28 %	218
garbage bin	2008-02-12	459	308	58	14.28 %	66
Gallery office chair	2007-10-18	975	684	58	14.28 %	139
fax machine	2006-01-17	1,484	1,413	58	7.14 %	71
Landscaping-Carriage hous	2008-10-06	3,845	1,024	67	6.67 %	256
Renovations-Carriage hous	2009-08-17	39,121	8,044	67	6.67 %	2,609
Painting carriage house	2009-07-29	5,991	1,267	67	6.67 %	400
appliances-carriage house	2009-07-17	2,282	1,032	58	14.29 %	326
carriage house grbge bins	2008-10-06	921	528	58	14.29 %	132
washer/shades-carriage hs	2009-09-16	2,162	927	58	14.29 %	309
security system upgrade	2009-09-16	23,269	3,489	69	5.00 %	1,163
security camera	2009-04-15	654	115	69	5.00 %	33
tractor-john deere	2009-07-08	11,093	5,150	58	14.29 %	1,585
snow blower-sp575	2009-02-12	875	458	58	14.29 %	125
air cnd. unit-117 john st	2009-09-16	5,880	882	69	5.00 %	294
security system	2008-09-11	240,432	49,090	69	5.00 %	12,022
stone walls	2008-04-01	59,247	13,329	69	5.00 %	2,962
Wireless Microphone	2008-02-12	1,406	1,311	54	10.00 %	95
Microwave-Gallery	2007-12-11	445	430	54	10.00 %	15
Camera for gallery	2007-12-11	930	899	54	10.00 %	31
carriage house imprvmnts	2007-04-01	13,871	3,817	69	5.00 %	694
irrigation system	2007-04-01	37,975	10,444	69	5.00 %	1,899
turftrack parking area	2007-08-13	28,636	7,399	69	5.00 %	1,432
stone walkways	2007-03-01	9,296	2,596	69	5.00 %	465
roof & gutters at gllry I	2007-03-01	189,377	52,868	69	5.00 %	9,469
office lighting	2007-03-01	15,057	4,204	69	5.00 %	753
gates - gallery II	2007-03-01	65,959	18,414	69	5.00 %	3,298
stone walls	2007-03-01	63,735	17,794	69	5.00 %	3,187
little giant pump	2007-07-30	6,580	4,857	58	14.29 %	940
chipper	2007-04-20	17,150	13,270	58	14.29 %	2,451
new boiler	2007-02-22	19,750	5,516	69	5.00 %	988
Electroluc vacuum	2007-01-12	1,699	1,397	58	14.29 %	243
Stihl Chain saw	2007-01-08	547	449	58	14.29 %	78
Gallery I Generator	2007-05-09	36,619	28,333	58	14.29 %	5,233
Building-117 John st	2006-05-31	530,552	168,011	69	5.00 %	26,528
bldg. impr. 117 John st	2006-05-31	349,190	110,580	69	5.00 %	17,460
bldg. impr. drainline	2005-10-04	3,900	1,365	69	5.00 %	195
Gallery Driveway	2005-11-22	22,000	7,517	69	5.00 %	1,100
Cabinet doors	2005-11-28	900	881	58	7.14 %	19
gallery imprvmnts-dimmers	2006-09-26	7,000	2,100	69	5.00 %	350
fradan self propel blower	2006-09-26	1,680	1,440	58	7.14 %	120
Ryan Lawnaire V Plus Hond	2006-04-14	2,135	1,983	58	7.14 %	152
Panasonic Phn Systm 114	2006-09-26	7,209	6,179	58	7.14 %	515
Bobcat 48" Mower	2006-06-06	3,300	2,985	58	7.14 %	236
Tiller Rear Tine FRC800	2006-06-06	1,497	1,355	58	7.14 %	107
Ballroom Black Chairs	2005-10-21	3,000	2,966	58	7.14 %	34
Redmax Backpack EBZ8000	2006-04-13	585	546	58	7.14 %	39
Frntr & Fxtrs-117 John St	2006-09-14	37,869	32,911	58	7.14 %	2,704
Chairs for events	2006-03-03	1,772	1,666	58	7.14 %	106
Bldg Impr.-Gallery Bldg	2005-07-01	59,073	21,416	69	5.00 %	2,954
Prprty Impr.-Wetlands	2004-11-10	7,182	2,842	69	5.00 %	359
Parking Area	2004-12-21	52,109	20,189	69	5.00 %	2,605
Drainage & Sprinkler	2005-09-30	11,789	4,123	69	5.00 %	589
Stone walls/Pillars	2004-12-21	77,515	30,039	69	5.00 %	3,876
Driveways	2004-12-21	64,024	24,808	69	5.00 %	3,201
Property Impr. Courtyard	2004-12-21	13,426	5,200	69	5.00 %	671
Gallery Lighting	2005-04-01	245,821	92,183	69	5.00 %	12,291
New drive gate	2005-03-01	4,594	1,744	69	5.00 %	230
Wetlands Project	2004-04-01	111,409	47,345	69	5.00 %	5,570
Bldg Impr. Kitchen	2004-07-14	22,437	9,256	69	5.00 %	1,122
Trellis Restoration	2004-03-09	17,215	7,390	69	5.00 %	861
Bldg Impr. Gutters & Roof	2004-03-17	10,846	4,607	69	5.00 %	542
Gallery Lighting	2004-04-01	47,450	20,170	69	5.00 %	2,373
john st wall	2004-04-01	28,806	12,240	69	5.00 %	1,440
property improvements	2003-04-01	30,409	14,440	69	5.00 %	1,520
gallery improvements	2003-04-01	41,310	19,627	69	5.00 %	2,066
john st wall	2003-04-01	32,439	15,409	69	5.00 %	1,622
carriage house	2002-04-01	22,411	11,770	69	5.00 %	1,121
carriage house	2002-04-01	46,556	24,444	69	5.00 %	2,328
gallery lighting	2002-09-04	25,734	12,977	69	5.00 %	1,287
waterfall	2002-08-21	4,025	2,027	69	5.00 %	201
john st wall	2002-04-01	19,938	10,468	69	5.00 %	997
sunshields & window glaze	2001-02-07	16,256	9,485	69	5.00 %	813
john st wall	2001-04-01	67,324	38,709	69	5.00 %	3,366
waterfall	2000-04-01	17,940	11,213	69	5.00 %	897
john st wall	2000-04-01	77,818	48,637	69	5.00 %	3,891
landscaping	2000-04-01	61,855	38,662	69	5.00 %	3,093
gates	2000-04-01	12,292	7,687	69	5.00 %	615
property improvements	2000-04-01	1,759	1,100	69	5.00 %	88
waterfall	1999-04-01	6,999	4,725	69	5.00 %	350
john st wall	1999-04-01	20,901	14,108	69	5.00 %	1,045
shrubberies, landscaping	1999-04-01	25,107	16,943	69	5.00 %	1,255
gates	1999-04-01	38,665	26,096	69	5.00 %	1,933
improvements	1999-04-01	11,836	7,992	69	5.00 %	592

- TIN:

TY 2012 InvestmentsCorpBondsSchedule

Name:

SEVEN BRIDGES FOUNDATION INC

EIN: 06-1498953

Software ID:12000229

Software Version:2012v2.0

Name of Bond	End of Year Book Value	End of Year Fair Market Value
bonds - flaherty	17,211,434	17,269,863

- TIN:

TY 2012 InvestmentsCorpStockSchedule

Name:

SEVEN BRIDGES FOUNDATION INC

EIN: 06-1498953

Software ID:12000229

Software Version:2012v2.0

Name of Stock	End of Year Book Value	End of Year Fair Market Value
equities - imperial capital	8,357,744	3,317,768
equities - btig	10,986,423	4,462,952

- TIN:

TY 2012 InvestmentsOtherSchedule2

Name:

SEVEN BRIDGES FOUNDATION INC

EIN: 06-1498953

Software ID:12000229

Software Version:2012v2.0

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
Canadian securities - imperial capital	AT COST	513,313	77,340
Australian securities - imperial capital	AT COST	138,200	134,611
american gold eagle coins	AT COST	1,832,168	1,459,150
options - imperial capital	AT COST	1,596,500	1,169,350

- TIN:

TY 2012 LandEtcSchedule2

Name:

SEVEN BRIDGES FOUNDATION INC

EIN: 06-1498953

Software ID:12000229

Software Version:2012v2.0

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
Land	14,370,313		14,370,313	14,370,313
Improvements	2,386,414	1,033,176	1,353,238	1,353,238
Buildings	530,552	194,539	336,013	336,013
Machinery and Equipment	263,174	220,517	42,657	42,657
Furniture and Fixtures	473,202	244,346	228,856	228,856

- TIN:

TY 2012 LegalFeesSchedule

Name:

SEVEN BRIDGES FOUNDATION INC

EIN: 06-1498953

Software ID:12000229

Software Version:2012v2.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
legal	460,000	0	0	460,000

- TIN:

TY 2012 OtherAssetsSchedule

Name:

SEVEN BRIDGES FOUNDATION INC

EIN: 06-1498953

Software ID:12000229

Software Version:2012v2.0

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
gallery ii - construction	9,758,377	9,758,377	9,758,377
deposits - artwork & equipment	129,500	129,500	129,500
artwork, capitalized costs	32,691,895	34,221,592	34,221,592

- TIN:

TY 2012 OtherExpensesSchedule

Name:

SEVEN BRIDGES FOUNDATION INC

EIN: 06-1498953

Software ID:12000229

Software Version:2012v2.0

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
utilities	74,212			74,212
shipping and handling of art	19,457			19,457
property management expenses	370,409			307,409
program expenses	23,981			23,981
office expenses	42,359	21,180	21,179	21,179
Insurance	64,460			64,460
computer support	5,689	2,845	2,845	2,844

- TIN:

TY 2012 OtherLiabilitiesSchedule

Name:

SEVEN BRIDGES FOUNDATION INC

EIN: 06-1498953

Software ID:12000229

Software Version:2012v2.0

Description	Beginning of Year - Book Value	End of Year - Book Value
Other Liabilities	2,430	1,038

- TIN:

TY 2012 OtherProfessionalFeesSchedule

Name:

SEVEN BRIDGES FOUNDATION INC

EIN: 06-1498953

Software ID:12000229

Software Version:2012v2.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
other professional fees	142,577	142,577	142,577	0

- TIN:

TY 2012 TaxesSchedule

Name:

SEVEN BRIDGES FOUNDATION INC

EIN: 06-1498953

Software ID:12000229

Software Version:2012v2.0

Category	Amount	Disbursements for Charitable Purposes
property taxes	157,433	157,433
payroll taxes	11,634	11,634
excise tax	30,000	30,000