Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 07-01-2015 , and ending 06-30-2016
Name of foundation
The Annenberg Foundation Trust at Sunnylands
 
% ED DORAN
Number and street (or P.O. box number if mail is not delivered to street address)71231 Tamarisk Lane
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Rancho Mirage, CA92270
A Employer identification number

25-6774871
B Telephone number (see instructions)

(760) 328-2829
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$530,973,191J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 210,085 210,085 210,085
4 Dividends and interest from securities... 5,002,402 5,002,402 5,002,402
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 14,200,807
b Gross sales price for all assets on line 6a 76,883,169
7 Capital gain net income (from Part IV, line 2)... 6,573,039
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 1,098,731
b Less: Cost of goods sold.... 255,681
c Gross profit or (loss) (attach schedule)..... Click to see attachment 843,050 843,050
11 Other income (attach schedule)....... Click to see attachment 13,878 -28,337 -28,337
12 Total. Add lines 1 through 11........ 20,270,222 11,757,189 6,027,200
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 841,823 8,418 8,418 833,405
14 Other employee salaries and wages...... 4,289,366 44,083 44,083 4,364,200
15 Pension plans, employee benefits....... 1,479,581 14,741 14,741 1,459,368
16a Legal fees (attach schedule)......... Click to see attachment 135,770 0 0 135,770
b Accounting fees (attach schedule)....... Click to see attachment 79,271 0 0 79,271
c Other professional fees (attach schedule).... Click to see attachment 1,800,244 1,128,585 1,128,585 674,659
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 43,686 32,202 32,202 10,284
19 Depreciation (attach schedule) and depletion... Click to see attachment 3,887,813    
20 Occupancy.............. 2,698,741     2,218,697
21 Travel, conferences, and meetings....... 453,090     467,175
22 Printing and publications.......... 22,864     22,864
23 Other expenses (attach schedule)....... Click to see attachment 2,556,350     2,564,686
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 18,288,599 1,228,029 1,228,029 12,830,379
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 18,288,599 1,228,029 1,228,029 12,830,379
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,981,623
b Net investment income (if negative, enter -0-) 10,529,160
c Adjusted net income (if negative, enter -0-)... 4,799,171
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
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............. 900 900 900
2 Savings and temporary cash investments......... 46,842,797 65,367,591 65,367,591
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable................. 0    
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use.............. 168,567 141,181 141,181
9 Prepaid expenses and deferred charges.......... 191,764 205,517 205,517
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 297,356,007 Click to see attachment264,099,558 264,099,558
c Investments—corporate bonds (attach schedule)....... 2,205 0 0
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 79,621,011 Click to see attachment68,008,189 68,008,189
14 Land, buildings, and equipment: basis bullet151,184,717
Less: accumulated depreciation (attach schedule) bullet18,464,963 132,213,626 132,719,754 132,879,254
15 Other assets (describe bullet) Click to see attachment595,589 Click to see attachment271,001 Click to see attachment271,001
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 556,992,466 530,813,691 530,973,191
Liabilities 17 Accounts payable and accrued expenses.......... 1,215,397 1,533,300
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) Click to see attachment2,234,711 Click to see attachment1,750,908
23 Total liabilities (add lines 17 through 22)......... 3,450,108 3,284,208
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 553,542,358 527,529,483
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 553,542,358 527,529,483
31 Total liabilities and net assets/fund balances (see instructions). 556,992,466 530,813,691
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
553,542,358
2
Enter amount from Part I, line 27a .....................
2
1,981,623
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
-27,994,498
4
Add lines 1, 2, and 3 ..........................
4
527,529,483
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
527,529,483
Form 990-PF (2015)
Form 990-PF (2015)
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 SHORT TERM GAINS (STMT 19) P    
b LONG TERM GAINS (STMT 19) P    
c CAPITAL GAIN DISTRIBUTION (STMT 19) P    
d SHORT TERM GAINS (PASS-THROUGH) P    
e LONG TERM GAINS (PASS-THROUGH) P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 23,568,746   28,534,555 -4,965,809
b 51,183,035   41,775,575 9,407,460
c 953,605     953,605
d 27,424     27,424
e 1,150,359     1,150,359
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       -4,965,809
b       9,407,460
c       953,605
d       27,424
e       1,150,359
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 6,573,039
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 -4,938,385
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 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))
2014 13,920,963 447,297,672 0.031122
2013 15,607,262 424,758,731 0.036744
2012 10,047,560 369,541,359 0.027189
2011 20,505,824 330,804,543 0.061988
2010 22,800,767 314,967,431 0.072391
2
Total of line 1, column (d) .....................
20.229434
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
0.045887
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
427,562,573
5
Multiply line 4 by line 3......................
5
19,619,564
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
105,292
7
Add lines 5 and 6........................
7
19,724,856
8
Enter qualifying distributions from Part XII, line 4.............
8
17,226,673
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 (2015)
Form 990-PF (2015)
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 Bullet and enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 210,583
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........................... 3 210,583
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- ..... 5 210,583
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 336,060
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 160,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 496,060
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 285,477
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet285,477 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? Click to see attachment....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see 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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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 changesClick to see attachment....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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.Click to see attachment
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)
    bulletCA, PA
    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 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
    Yes
     
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    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 addressbulletwww.sunnylands.org
    14
    The books are in care ofbulletED DORAN Telephone no.bullet (760) 202-2268

    Located atbullet71231 TAMARISK LANERancho MirageCA ZIP+4bullet92270
    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 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    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 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 2015?.............
    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 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    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 2015 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 2015.)..................
    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 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    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 4945(d)(4)(A)? (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 (2015)
    Form 990-PF (2015)
    Page 7
    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
    Wallis Annenberg Trustee
    1.0     		0 0 0
    2000 Avenue of the Stars
    Los Angeles,CA90067
    Lauren A Bon Trustee
    1.0     		0 0 0
    2000 Avenue of the Stars
    Los Angeles,CA90067
    Gregory Weingarten Trustee
    2.0     		0 0 0
    2000 Avenue of the Stars
    Los Angeles,CA90067
    Charles Weingarten Trustee
    1.0     		0 0 0
    2000 Avenue of the Stars
    Los Angeles,CA90067
    Diane Deshong Trustee
    2.0     		0 0 0
    71231 Tamarisk Lane
    Rancho Mirage,CA92270
    Leonore Deshong Trustee
    1.0     		0 0 0
    71231 Tamarisk Lane
    Rancho Mirage,CA92270
    Howard Deshong III Trustee
    2.0     		0 0 0
    71231 Tamarisk Lane
    Rancho Mirage,CA92270
    Elizabeth R Kabler Trustee
    2.0     		0 0 0
    71231 Tamarisk Lane
    Rancho Mirage,CA92270
    Elizabeth K Sorensen Trustee
    2.0     		0 0 0
    71231 Tamarisk Lane
    Rancho Mirage,CA92270
    L Geoffrey Cowan President
    32.0     		249,572 17,819 0
    350 S Grand Ave
    Los Angeles,CA90071
    Janice Lyle Center Director
    40.0     		209,845 22,922 0
    71231 Tamarisk Lane
    Rancho Mirage,CA92270
    Rebecca Avila Chief Administrative Officer
    40.0     		209,845 17,106 0
    350 S Grand Ave
    Los Angeles,CA90071
    Bruce Missaggia Chief Financial Officer
    40.0     		172,561 9,082 0
    71231 Tamarisk Lane
    Rancho Mirage,CA92270
    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
    PATRICK TRUCHANClick to see attachment OPERATIONS DIRECTOR
    40.0     		180,110 22,096 64,800
    71231 TAMARISK LANE
    RANCHO MIRAGE,CA92270
    GEOFFREY BAUMClick to see attachment PUBLIC AFFAIRS DIR
    24.0     		137,549 17,376 0
    350 S GRAND AVE STE 3350
    LOS ANGELES,CA90071
    EDWARD DORANClick to see attachment FINANCE DIRECTOR
    40.0     		121,513 17,945 0
    71231 TAMARISK LANE
    RANCHO MIRAGE,CA92270
    KATHLEEN HALL JAMIESONClick to see attachment PROGRAM DIRECTOR
    22.5     		131,393 0 0
    202 S 36TH STREET
    PHILADELPHIA,PA19104
    BARBARA FREEMANClick to see attachment DEPUTY DIR RETREATS
    40.0     		107,279 15,128 0
    350 S GRAND AVE STE 3350
    LOS ANGELES,CA90071
    Total number of other employees paid over $50,000...................bullet 17
    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
    MATT Construction Corporation Construction 3,256,798
    9814 Norwalk Blvd Suite 100
    SANTA FE SPRINGS,CA90670
    Integrity Golf Inc Construction 714,142
    1492 Rainbow Valley Blvd
    FALLBROOK,CA92028
    o2 Architecture Architecture 673,810
    1089 N Palm Canyon Drive Suite B
    PALM SPRINGS,CA92262
    The Kitchen for Exploring Foods LLC Catering 439,728
    1434 West Colorado Blvd
    SEATTLE,WA91105
    CMG Landscape Architectu 209,708
    500 Third Street Suite 215
    SAN FRANCISCO,CA94107
    Total number of others receiving over $50,000 for professional services.............bullet16
    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 SUNNYLANDS CENTER AND GARDENS (SEE ATTACHMENT 22) 6,948,348
    2 RETREATS, MEETINGS AND EVENTS (SEE ATTACHMENT 22) 6,444,138
    3 PROGRAMS AT THE ANNENBERG PUBLIC POLICY CENTER (SEE ATTACHMENT 22) 142,465
    4  
    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 instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    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
    352,683,437
    b
    Average of monthly cash balances.......................
    1b
    50,364,042
    c
    Fair market value of all other assets (see instructions)................
    1c
    31,026,199
    d
    Total (add lines 1a, b, and c).........................
    1d
    434,073,678
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    434,073,678
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    6,511,105
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    427,562,573
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    21,378,129
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
     
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
     
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    12,830,379
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    4,396,294
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    17,226,673
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    17,226,673
    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 (2015)
    Form 990-PF (2015)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2014     		(c)
    2014     		(d)
    2015
    1 Distributable amount for 2015 from Part XI, line 7  
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$  
    a Applied to 2014, 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 2015 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2015.    
    (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 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		 
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015....  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    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 2015, enter the date of the ruling.......bullet
    2004-09-21
    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) 2015 (b) 2014 (c) 2013 (d) 2012
    4,799,171 6,436,483 5,863,477 6,083,755 23,182,886
    b 85% of line 2a ......... 4,079,295 5,471,011 4,983,955 5,171,192 19,705,453
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		17,226,673 13,920,963 15,607,262 10,047,560 56,802,458
    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 ....     		17,226,673 13,920,963 15,607,262 10,047,560 56,802,458
    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)    		         0
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		14,252,086 14,909,922 14,158,624 12,318,045 55,638,677
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NA
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NA
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address 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 (2015)
    Form 990-PF (2015)
    Page 11
    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
    Total .................................bullet 3a  
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    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
    aTOURS, EDUC PROGRAMS         659,440
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		    14 210,085  
    4 Dividends and interest from securities....     14 5,002,402  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 14,200,807  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aPARTNERSHIP INV OTHER INC/(LOSS) - (K-1)     		    01 -28,743  
    bCLASS ACTION SETTLEMENTS-INVESTMENTS     01 406  
    cGIFT SHOP NET SALES 453220 61,683     50,619
    dCAFE NET SALES     03 71,308  
    eFEDERAL EXCISE/INCOME TAX BENEFIT     01 42,215  
    12 Subtotal. Add columns (b), (d), and (e).. 61,683 19,498,480 710,059
    13Total. Add line 12, columns (b), (d), and (e)..................
    1320,270,222
    (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.)
    1 THE ANNENBERG FOUNDATION TRUST AT SUNNYLANDS ENGAGES IN INCOME-PRODUCING ACTIVITIES THAT CONTRIBUTE IMPORTANTLY TO THE ACCOMPLISHMENT OF ITS EXEMPT PURPOSES. IN ORDER TO FURTHER ITS EDUCATIONAL PURPOSES, THE ANNENBERG FOUNDATION TRUST AT SUNNYLANDS CONDUCTS TOURS THAT ARE OPEN TO THE PUBLIC, WHEREBY MEMBERS OF THE PUBLIC LEARN ABOUT SUCH THINGS AS THE HISTORICAL AND ARCHITECTURAL SIGNIFICANCE OF ITS PROPERTY, THE ARTWORK OF THE "ANNENBERG COLLECTION,THE GARDENS AND THE BIRDS LOCATED ON THE GROUNDS. THE ANNENBERG FOUNDATION TRUST AT SUNNYLANDS ALSO HAS A GIFT SHOP THAT OFFERS BOOKS AND OTHER EDUCATIONAL ITEMS TO ENHANCE THE PUBLIC'S UNDERSTANDING AND APPRECIATION OF THE VARIOUS EDUCATIONAL ASPECTS OF THE ANNENBERG FOUNDATION TRUST AT SUNNYLANDS. IN ORDER FOR VISITORS TO DEVOTE A GREATER PORTION OF THEIR TIME AND ATTENTION TO ITS EDUCATIONAL FACILITIES, THE ANNENBERG FOUNDATION TRUST AT SUNNYLANDS HAS A CAFE THAT IS OPEN TO THE PUBLIC.
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    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 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    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) 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 name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2015)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    The Annenberg Foundation Trust at Sunnylands
    EIN:
    25-6774871
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 79,271     79,271

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

    TY 2015 DepreciationSchedule
    Name:
    The Annenberg Foundation Trust at Sunnylands
    EIN:
    25-6774871
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2015 EmployeeCompensationExpln
    Name:
    The Annenberg Foundation Trust at Sunnylands
    EIN:
    25-6774871
    Employee Explanation
    PATRICK TRUCHAN Mr. Truchans expense account and other allowances figure of $64,800 is the fair market value of tuition/program fees and onsite meals during class days while away from his tax home during his enrollment in an Executive MBA program. The value of these items is excludible from his federal taxable income as a working condition fringe under IRC Sections 132 and 162.

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    The Annenberg Foundation Trust at Sunnylands
    EIN:
    25-6774871
    Name of Stock End of Year Book Value End of Year Fair Market Value
    SEE ATTACHMENT 20 264,099,558 264,099,558

    TY 2015 InvestmentsOtherSchedule2
    Name:
    The Annenberg Foundation Trust at Sunnylands
    EIN:
    25-6774871
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    SEE ATTACHMENT 21   68,008,189 68,008,189

    TY 2015 LegalFeesSchedule
    Name:
    The Annenberg Foundation Trust at Sunnylands
    EIN:
    25-6774871
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 135,770     135,770


    TY 2015 OtherAssetsSchedule
    Name:
    The Annenberg Foundation Trust at Sunnylands
    EIN:
    25-6774871
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INT, DIV AND OTHER 595,589 271,001 271,001


    TY 2015 OtherExpensesSchedule
    Name:
    The Annenberg Foundation Trust at Sunnylands
    EIN:
    25-6774871
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    STATIONARY, SUPPLIES & POSTAGE 106,856     105,560
    ADVERTISING & PROMOTION 169,644     169,535
    EMPLOYEE TRAINING & RECRUITING 98,774     98,731
    MEMBERSHIPS & SUBSCRIPTIONS 25,765     24,530
    PROGRAM & SPECIAL EVENTS 1,118,664     1,129,892
    COMPUTER EQUIPMENT & SOFTWARE 38,145     38,145
    EQUIPMENT 303,171     303,171
    INSURANCE 478,151     478,151
    LICENSES & PERMITS 2,803     2,803
    GENERAL & ADMIN MISCELLANEOUS 214,377     214,168


    TY 2015 OtherIncomeSchedule2
    Name:
    The Annenberg Foundation Trust at Sunnylands
    EIN:
    25-6774871
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    class action settlements-investments 406 406 406
    Partnership Inv Other Inc/(Loss)-(K-1) -28,743 -28,743 -28,743
    federal excise/income tax benefits 42,215    


    TY 2015 OtherIncreasesSchedule
    Name:
    The Annenberg Foundation Trust at Sunnylands
    EIN:
    25-6774871
    Description Amount
    NET UNREALIZED GAINS/LOSSES-INVESTMENTS -27,994,498


    TY 2015 OtherLiabilitiesSchedule
    Name:
    The Annenberg Foundation Trust at Sunnylands
    EIN:
    25-6774871
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED TAX LIABILITY 1,833,667 1,365,947
    ADMINISTRATIVE SVCS AGRMT LIAB 401,044 384,961


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    The Annenberg Foundation Trust at Sunnylands
    EIN:
    25-6774871
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT 1,128,585 1,128,585 1,128,585  
    IT & SECURITY CONSULTANTS 235,499     235,499
    TEMPORARY STAFFING 71,301     71,301
    CONSULTANTS/PROGRAM MGMT SVCS 364,859     367,859


    TY 2015 SalesOfInventoryList 
    Name:
    The Annenberg Foundation Trust at Sunnylands
    EIN:
    25-6774871

    Category Gross Sales Cost of Goods Sold Net (Gross Sales Minus
    Cost of Goods Sold)
    TOURS (BASIC,BIRD,OPEN AIR) 713,448   713,448
    NIGHTLIFE SERIES 2,500 0 2,500
    WORKSHOPS 160 0 160
    ART EXPERIENCE 500 0 500
    GIFT STORE SALES 226,005 117,146 108,859
    CAFE SALES 156,118 84,811 71,307

    TY 2015 TaxesSchedule
    Name:
    The Annenberg Foundation Trust at Sunnylands
    EIN:
    25-6774871
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX 32,202 32,202 32,202  
    SALES AND USE TAX 4,533     4,533
    CEMETERY ENDOWMENT TAX 1,200      
    PERSONAL PROPERTY TAXES 1,907     1,907
    OTHER TAXES 3,844     3,844