THE PATRICK J MCGOVERN FOUNDATION INC: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization: THE PATRICK J MCGOVERN FOUNDATION INC (EIN 22-3021586)
Tax period: 2016-07-01 to 2017-06-30
Filed: 2018-05-11
IRS object ID: 201811319349100401
Schema version: 2016v3.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Schedule B
Accounting Fees Schedule
General Explanation Attachment
Investments Corp Bonds Schedule
Investments Other Schedule2
Legal Fees Schedule
Other Expenses Schedule
Other Increases Schedule
Other Liabilities Schedule
Other Professional Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2018-05-11T01:35:36-05:00	ReturnTs
Tax Period End	2017-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	861065772	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	Deloitte Tax LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	50 South Sixth Street	AddressLine1Txt
City	Minneapolis	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55402	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2016-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	223021586	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE MCGOVERN FOUNDATION INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	MCGO	BusinessNameControlTxt
Phone	6173382590	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2 LIBERTY SQUARE No 500	AddressLine1Txt
City	BOSTON	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	02109	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	Patrick J McGovern III	PersonNm
Person Title	TREASURER	PersonTitleTxt
Phone	6173382590	PhoneNum
Signature	2018-05-08	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Sarah Redden	PreparerPersonNm
PTIN	P00898534	PTIN
Phone	6123974000	PhoneNum

Field	Value	IRS element (for citing)
Tax	2016	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Address Change	Yes (X)	AddressChangeInd
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$944,612,148	FMVAssetsEOYAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$1,151,000,000	ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss	$1,676,680	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$1,676,680	InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss	$2,110,027	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$2,110,027	DividendsNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm	$0	CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss	$1,154,786,707	TotalRevAndExpnssAmt
Total Net Invst Incm	$3,786,707	TotalNetInvstIncmAmt
Total Adj Net Incm	$0	TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$300,000	CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm	$60,000	CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Adj Net Incm	$0	CompOfcrDirTrstAdjNetIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl	$240,000	CompOfcrDirTrstDsbrsChrtblAmt
Legal Fees Rev And Expnss	$51,058	LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm	$0	LegalFeesNetInvstIncmAmt
Legal Fees Adj Net Incm	$0	LegalFeesAdjNetIncmAmt
Legal Fees Dsbrs Chrtbl	$57,561	LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$42,260	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$0	AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm	$0	AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps	$40,145	AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss	$389,594	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$100,485	OtherProfFeesNetInvstIncmAmt
Other Prof Fees Adj Net Incm	$0	OtherProfFeesAdjNetIncmAmt
Other Prof Fees Dsbrs Chrtbl	$296,090	OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss	$72,417	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$0	TaxesNetInvstIncmAmt
Taxes Adj Net Incm	$0	TaxesAdjNetIncmAmt
Taxes Dsbrs Chrtbl	$0	TaxesDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss	$29,128	TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm	$6,345	TravConfMeetingNetInvstIncmAmt
Trav Conf Meeting Adj Net Incm	$0	TravConfMeetingAdjNetIncmAmt
Trav Conf Meeting Dsbrs Chrtbl	$24,931	TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss	$12,163	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$0	OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm	$0	OtherExpensesAdjNetIncmAmt
Other Expenses Dsbrs Chrtbl	$13,218	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$896,620	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$166,830	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm	$0	TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$671,945	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$216,594,381	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$216,634,881	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$217,491,001	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$166,830	TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm	$0	TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl	$217,306,826	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$937,295,706	ExcessRevenueOverExpensesAmt
Net Investment Income	$3,619,877	NetInvestmentIncomeAmt
Adjusted Net Income	$0	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$20,000	CashBOYAmt
Cash EOY	$509,243,605	CashEOYAmt
Cash EOYFMV	$509,243,605	CashEOYFMVAmt
Sav And Temp Cash Invst BOY	$1,012,731	SavAndTempCashInvstBOYAmt
Acct Rcvbl	$816,630	AcctRcvblAmt
Acct Rcvbl BOY	$6,879	AcctRcvblBOYAmt
Acct Rcvbl EOY	$816,630	AcctRcvblEOYAmt
Acct Rcvbl EOYFMV	$816,630	AcctRcvblEOYFMVAmt
Corporate Bonds BOY	$0	CorporateBondsBOYAmt
Corporate Bonds EOY	$91,527,000	CorporateBondsEOYAmt
Corporate Bonds EOYFMV	$91,527,000	CorporateBondsEOYFMVAmt
Other Investments BOY	$0	OtherInvestmentsBOYAmt
Other Investments EOY	$343,024,913	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$343,024,913	OtherInvestmentsEOYFMVAmt
Total Assets BOY	$1,039,610	TotalAssetsBOYAmt
Total Assets EOY	$944,612,148	TotalAssetsEOYAmt
Total Assets EOYFMV	$944,612,148	TotalAssetsEOYFMVAmt
Accounts Payable BOY	$101,547	AccountsPayableBOYAmt
Accounts Payable EOY	$43,743	AccountsPayableEOYAmt
Grants Payable BOY	$40,500	GrantsPayableBOYAmt
Other Liabilities BOY	$0	OtherLiabilitiesBOYAmt
Other Liabilities EOY	$72,417	OtherLiabilitiesEOYAmt
Total Liabilities BOY	$142,047	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$116,160	TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117	Yes (X)	OrgDoesNotFollowSFAS117Ind
Capital Stock BOY	$0	CapitalStockBOYAmt
Capital Stock EOY	$0	CapitalStockEOYAmt
Additional Paid In Capital BOY	$0	AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY	$0	AdditionalPaidInCapitalEOYAmt
Retained Earning BOY	$897,563	RetainedEarningBOYAmt
Retained Earning EOY	$944,495,988	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$897,563	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$944,495,988	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$1,039,610	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$944,612,148	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$897,563	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$937,295,706	ExcessRevenueOverExpensesAmt
Other Increases	$6,302,719	OtherIncreasesAmt
Subtotal	$944,495,988	SubtotalAmt
Other Decreases	$0	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$944,495,988	TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Field	Value	IRS element (for citing)
Liable Section4942 Tax	0	LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1	$1,197,160	AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1	$1,360,793	NetVlNoncharitableAssetsYr1Amt
Distribution Yr1	0.879752	DistributionYr1Rt
Adjusted Qlfy Distri Yr2	$9,729,497	AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2	$1,259,337	NetVlNoncharitableAssetsYr2Amt
Distribution Yr2	7.725888	DistributionYr2Rt
Adjusted Qlfy Distri Yr3	$409	AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3	$424	NetVlNoncharitableAssetsYr3Amt
Distribution Yr3	0.964623	DistributionYr3Rt
Adjusted Qlfy Distri Yr4	$336	AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4	$778	NetVlNoncharitableAssetsYr4Amt
Distribution Yr4	0.431877	DistributionYr4Rt
Adjusted Qlfy Distri Yr5	$161	AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5	$297	NetVlNoncharitableAssetsYr5Amt
Distribution Yr5	0.542088	DistributionYr5Rt
Total Distribution	10.544228	TotalDistributionRt
Average Distribution	2.108846	AverageDistributionRt
Net Vl Noncharitable Assets	$374,829,241	NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets	$790,457,146	AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct	$36,199	NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct	$790,493,345	AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions	$217,306,826	QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$72,398	InvestmentIncomeExciseTaxAmt
Tax Under Section511	$0	TaxUnderSection511Amt
Subtotal	$72,398	SubtotalAmt
Subtitle A Tax	$0	SubtitleATaxAmt
Tax Based On Investment Income	$72,398	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$94	EstimatedPlusOvpmtIncmTxAmt
Applied To Es Tax	$72,418	AppliedToEsTaxAmt
Total Payments And Credits	$72,512	TotalPaymentsAndCreditsAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Es Penalty	$113	EsPenaltyAmt
Overpayment	$1	OverpaymentAmt
Applied To ES Tax	$1	AppliedToESTaxAmt
Refund	$0	RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	0	LegislativePoliticalActyInd
More Than100 Spent	0	MoreThan100SpentInd
Form1120 POL Filed	0	Form1120POLFiledInd
Section4955 Organization Tax	$0	Section4955OrganizationTaxAmt
Section4955 Managers Tax	$0	Section4955ManagersTaxAmt
Tax Reimbursed	$0	TaxReimbursedAmt
Activities Not Previously Rpt	0	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	0	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	0	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (1)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (1)	AtLeast5000InAssetsInd
Org Report Or Register State	MA	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (1)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	0	PrivateOperatingFoundationInd
New Substantial Contributors	0	NewSubstantialContributorsInd
Own Controlled Entity	0	OwnControlledEntityInd
Donor Advised Fund	Yes (1)	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (1)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt
Individual With Books	GMA FOUNDATIONS INC	IndividualWithBooksNm
Phone	6173913089	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	2 LIBERTY SQUARE SUITE 500	AddressLine1Txt
City	BOSTON	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	02109	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	0	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	0	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	0	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	0	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	Yes (1)	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	0	TransferAstDisqualifiedPrsnInd
Payment To Government Official	0	PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions	0	ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts	0	UncorrectedPriorActsInd
Undistributed Income PY	0	UndistributedIncomePYInd
Business Holdings	0	BusinessHoldingsInd
Jeopardy Investments	0	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	0	UncorrectedPYJeopardyInvstInd
Influence Legislation	0	InfluenceLegislationInd
Influence Election	0	InfluenceElectionInd
Grants To Individuals	0	GrantsToIndividualsInd
Grants To Organizations	0	GrantsToOrganizationsInd
Noncharitable Purpose	0	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
ELIZABETH S MCGOVERN
2 LIBERTY SQUARE SUITE 500	BOSTON	MA	02109	TRUSTEE/PRESIDENT/CLERK	20.00	$100,000	$0	$0
LAURETTE M VERBINSKI
2 LIBERTY SQUARE SUITE 500	BOSTON	MA	02109	TRUSTEE/VICE PRESIDENT	20.00	$75,000	$0	$0
PATRICK J MCGOVERN III
2 LIBERTY SQUARE SUITE 500	boSTON	MA	02109	TRUSTEE/TREASURER	20.00	$100,000	$0	$0
Suzanne DiBianca
2 LIBERTY SQUARE SUITE 500	boSTON	MA	02109	TRUSTEE	20.00	$12,500	$0	$0
Vilas Dhar
2 LIBERTY SQUARE SUITE 500	boSTON	MA	02109	TRUSTEE	20.00	$12,500	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k	0	OtherEmployeePaidOver50kCnt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Service TypeServiceTypeTxt	CompensationCompensationAmt
THE PHILANTHROPIC INITIATIVE
75 ARLINGTON STREET 10TH FLOOR	BOSTON	MA	02116	CONSULTING	$281,349
ERIC B UPIN
2 LIBERTY SQUARE SUITE 500	Boston	MA	02109	INVESTMENT CONSULTING	$50,000
GEORGE U SAUTER
2 LIBERTY SQUARE SUITE 500	Boston	MA	02109	INVESTMENT CONSULTING	$50,000

Field	Value	IRS element (for citing)
Contractor Paid Over50k	0	ContractorPaidOver50kCnt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Field	Value	IRS element (for citing)
Description1	NOT APPLICABLE	Description1Txt
Expenses1	$0	Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	NOT APPLICABLE	Description1Txt
Expenses1	$0	Expenses1Amt
Total	$0	TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$0	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$280,028,046	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$100,509,255	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$380,537,301	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$380,537,301	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$5,708,060	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$374,829,241	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$18,741,462	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$18,741,462	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$72,398	TaxBasedOnInvestmentIncomeAmt
Total Tax	$72,398	TotalTaxAmt
Distributable Before Adj	$18,669,064	DistributableBeforeAdjAmt
Recoveries Qualfied Distri	$0	RecoveriesQualfiedDistriAmt
Distributable Before Ded	$18,669,064	DistributableBeforeDedAmt
Deduction From Distributable	$0	DeductionFromDistributableAmt
Distributable As Adjusted	$18,669,064	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$217,306,826	ExpensesAndContributionsAmt
Program Related Invst Total	$0	ProgramRelatedInvstTotalAmt
Qualifying Distributions	$217,306,826	QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm	$0	PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri	$217,306,826	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$18,669,064	DistributableAsAdjustedAmt
Undistributed Income PY	$0	UndistributedIncomePYAmt
Total For Prior Years	$0	TotalForPriorYearsAmt
Excess Distribution Cyov Yr5	$146	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4	$297	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$388	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$9,666,542	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$1,129,120	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$10,796,493	TotalExcessDistributionCyovAmt
Qualifying Distributions	$217,306,826	QualifyingDistributionsAmt
Applied To Year1	$0	AppliedToYear1Amt
Applied To Prior Years	$0	AppliedToPriorYearsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$18,669,064	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$198,637,762	RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus	$0	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$0	ExcessDistributionCyovAppCYAmt
Total Corpus	$209,434,255	TotalCorpusAmt
Prior Year Undistributed Incm	$0	PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax	$0	PriorYearDeficiencyOrTaxAmt
Taxable1	$0	Taxable1Amt
Taxable2	$0	Taxable2Amt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3	$0	CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5	$146	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$209,434,109	ExcessDistriCyovToNextYrAmt
Excess From Year4	$297	ExcessFromYear4Amt
Excess From Year3	$388	ExcessFromYear3Amt
Excess From Year2	$9,666,542	ExcessFromYear2Amt
Excess From Year1	$1,129,120	ExcessFromYear1Amt
Excess From Current Year	$198,637,762	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (14 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt	Address Line2RecipientUSAddress/AddressLine2Txt
KQED INC
2601 MARIPOSA STREET	SAN FRANCISCO	CA	941101400	NONE	PC	General Operating Support	$5,000
Massachusetts Institute of Technology
77 MASSACHUSETTS AVENUE NE 49-3142	CAMBRIDGE	MA	021394307	NONE	PC	Patrick J. McGovern '59 Entrepreneurial Award	$5,500
MCGOVERN FOUNDATION INC
PO BOX 8321	CORAL SPRINGS	FL	33075	NONE	PC	General Operating Support	$5,000
Red Cross - Silicon Valley
1663 MARKET STREET	SAN FRANCISCO	CA	94103	NONE	PC	General Operating Support	$5,000
SAN FRANCISCO BOTANICAL GARDEN SOCIETY
320 Judah Street Suite 2	SAN FRANCISCO	CA	94122	NONE	PC	General Operating Support in loving memory of Fay Kramer	$7,500
SAN FRANCISCO Film Society
39 MESA STREET THE PRESIDIO 110	SAN FRANCISCO	CA	94129	NONE	PC	General Operating Support	$5,000
Second Harvest Food Bank of Santa Clara and San Mateo Counties
4001 North 1st Street	SAN JOSE	CA	95134	NONE	PC	General Operating Support in Memory of Dave Severns	$7,500
Massachusetts Institute of Technology
77 MASSACHUSETTS AVENUE NE 49-3142	CAMBRIDGE	MA	021394307	NONE	PC	McGovern Entrepreneurship Award	$5,500
Massachusetts Institute of Technology
77 MASSACHUSETTS AVENUE NE 49-3142	CAMBRIDGE	MA	021394307	NONE	PC	McGovern Institute for Brain Research	$213,233,881
Free Library of Philadelphia Foundation
1901 Vine Street	Philadelphia	PA	191031189	NONE	PC	f/b/o/ Frankford Library To purchase a mobile lending cart of 20 laptops	$25,000
FRee Library of Philadelphia Foundation
1901 Vine Street	Philadelphia	PA	191031189	NONE	PC	f/b/o Tacony Library To purchase a mobile lending cart and laptops	$20,000
LAWRENCE PUBLIC LIBRARY
707 VERMONT STREET	LAWRENCE	KS	66044	NONE	PC	To purchase portable "hot spots" that will enable patrons to access the library's online databases remotely	$10,000
Fidelity Investments Charitable Gift Fund
Fidelity Charitable 200 Seaport	BOSTON	MA	02210	NONE	PC	TO SUPPORT THE CHARITABLE MISSIONS AND ACTIVITIES OF PUBLIC CHARITIES	$2,200,000	Boulevard
SCHWAB CHARITABLE FUND
211 MAIN STREET	SAN FRANCISCO	CA	94105	NONE	PC	TO SUPPORT THE CHARITABLE MISSIONS AND ACTIVITIES OF PUBLIC CHARITIES	$1,100,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$216,634,881	TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut	$0	TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$1,676,680	ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$2,110,027	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	$0	UnrelatedBusinessTaxblIncmAmt
Exclusion	$3,786,707	ExclusionAmt
Related Or Exempt Function Incm	$0	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$3,786,707	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	0	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	0	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	0	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	0	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	0	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	0	ReimbursementArrangementsInd
Loans Or Loan Guarantees	0	LoansOrLoanGuaranteesInd
Performance Of Services Etc	0	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	0	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	0	RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	PATRICK J MCGOVERN ESTATE	BusinessNameLine1Txt

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	465 ELEANOR DRIVE	AddressLine1Txt
City	WOODSIDE	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	94062	ZIPCd

Field	Value	IRS element (for citing)
Total Contributions	$1,151,000,000	TotalContributionsAmt
Person Contribution	Yes (X)	PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	ACCOUNTING FEES	CategoryTxt
Amt	$42,260	Amt
Net Investment Income	$0	NetInvestmentIncomeAmt
Adjusted Net Income	$0	AdjustedNetIncomeAmt
Disbursements Charitable Prps	$40,145	DisbursementsCharitablePrpsAmt

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanationGrp (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	Medium ExplanationMediumExplanationTxt
TANGIBLE PROPERTY REGULATIONS ELECTION STATEMENTS	SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTIONTAXPAYER IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER TREAS. REG. 1.263(A)-1(F) FOR ALL ELIGIBLE AMOUNTS PAID OR INCURRED DURING THE TAXABLE YEAR.SECTION 1.263(A)-3(N) CAPITALIZATION ELECTIONTAXPAYER HEREBY ELECTS TO CAPITALIZE REPAIR AND MAINTENANCE COSTS UNDER TREAS. REG. 1.263(A)-3(N). THE COSTS WERE INCURRED DURING THE TAXABLE YEAR IN THE ELECTING TAXPAYER'S TRADE OR BUSINESS AND THE ELECTING TAXPAYER TREATS SUCH COSTS AS CAPITAL EXPENDITURES ON ITS BOOKS AND RECORDS.
PART VII-A, LINE 12	THE FOUNDATION IS TREATING $2,200,000 OF DISTRIBUTIONS TO THE FIDELITY INVESTMENTS CHARITABLE GIFT FUND AND $1,100,000 OF DISTRIBUTIONS TO THE SCHWAB CHARITABLE FUND AS A QUALIFYING DISTRIBUTION. THE USE OF THE FUNDS WITHIN THE DONOR ADVISED FUNDS IS RESTRICTED TO CHARITABLE PURPOSES AS ALLOWED BY IRC SEC 170(C)(2)(B). ACCORDINGLY, THE FUNDS WILL BE USED TO SUPPORT THE CHARITABLE MISSIONS AND ACTIVITIES OF PUBLIC CHARITIES.

Form And Line ReferenceFormAndLineReferenceDesc

Medium ExplanationMediumExplanationTxt

TANGIBLE PROPERTY REGULATIONS ELECTION STATEMENTS

SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTIONTAXPAYER IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER TREAS. REG. 1.263(A)-1(F) FOR ALL ELIGIBLE AMOUNTS PAID OR INCURRED DURING THE TAXABLE YEAR.SECTION 1.263(A)-3(N) CAPITALIZATION ELECTIONTAXPAYER HEREBY ELECTS TO CAPITALIZE REPAIR AND MAINTENANCE COSTS UNDER TREAS. REG. 1.263(A)-3(N). THE COSTS WERE INCURRED DURING THE TAXABLE YEAR IN THE ELECTING TAXPAYER'S TRADE OR BUSINESS AND THE ELECTING TAXPAYER TREATS SUCH COSTS AS CAPITAL EXPENDITURES ON ITS BOOKS AND RECORDS.

PART VII-A, LINE 12

THE FOUNDATION IS TREATING $2,200,000 OF DISTRIBUTIONS TO THE FIDELITY INVESTMENTS CHARITABLE GIFT FUND AND $1,100,000 OF DISTRIBUTIONS TO THE SCHWAB CHARITABLE FUND AS A QUALIFYING DISTRIBUTION. THE USE OF THE FUNDS WITHIN THE DONOR ADVISED FUNDS IS RESTRICTED TO CHARITABLE PURPOSES AS ALLOWED BY IRC SEC 170(C)(2)(B). ACCORDINGLY, THE FUNDS WILL BE USED TO SUPPORT THE CHARITABLE MISSIONS AND ACTIVITIES OF PUBLIC CHARITIES.

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp (34 entries)

BondBondNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
AUSTRALIA & NEW ZEALAND BKG GROUP	$1,671,820	$1,671,820
NATIONAL AUSTRALIA BK LIMITED ACTING THR	$4,514,634	$4,514,634
WESTPAC BKG CORP BNDS	$4,502,862	$4,502,862
WESTPAC BKG CORP	$3,633,764	$3,633,764
ROYAL BK CDA GLOBAL MEDIUM TERM SR BK NTTRANCHE # TR 817	$10,000,700	$10,000,700
ROYAL BK CDA GLOBAL MEDIUM TERM SR BK NTTRANCHE # TR 818	$3,001,950	$3,001,950
SANOFI S A	$2,996,568	$2,996,568
TOYOTA MTR CR CORP MEDIUM TERM NTS	$1,712,666	$1,712,666
CR SUISSE AG NEW	$3,724,747	$3,724,747
CR SUISSE AG NEW	$550,298	$550,298
UBS AG STAMFORD BRH MEDIUM TERM SR	$3,255,223	$3,255,223
APPLE INC FRNS	$1,402,953	$1,402,953
APPLE INC	$4,583,325	$4,583,325
BANK OF AMERICA CORP	$401,532	$401,532
BANK OF AMERICA N A	$1,200,793	$1,200,793
CATERPILLAR FINL SVCS CORP MEDIUM TERM NTS-BOOK ENTRY	$449,488	$449,488
CATERPILLAR FINL SVCS CORP MEDIUM	$1,466,897	$1,466,897
CISCO SYS INC	$400,060	$400,060
CISCO SYS INC	$2,054,069	$2,054,069
COCA COLA CO	$3,698,427	$3,698,427
COCA COLA CO	$1,001,806	$1,001,806
EXXON MOBIL CORP	$3,578,830	$3,578,830
EXXON MOBIL CORP	$2,275,405	$2,275,405
GENERAL ELEC CAP CORP	$500,776	$500,776
IBM CORP FL RT BNDS	$1,000,947	$1,000,947
MICROSOFT CORP	$1,565,343	$1,565,343
ORACLE CORP	$1,908,730	$1,908,730
PEPSICO INC	$6,992,489	$6,992,489
PEPSICO INC	$748,391	$748,391
PNC BK N A PITT PA	$1,250,053	$1,250,053
TOYOTA MTR CR CORP MEDIUM TERM NTS	$1,367,326	$1,367,326
U S BK NATL ASSN FIXED	$13,000,481	$13,000,481
WAL-MART STORES	$513,240	$513,240
WELLS FARGO BK N A SAN FRANCISCO CALIF MTRANCHE # TR 00841	$600,407	$600,407

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (8 entries)

Category Or ItemCategoryOrItemTxt	Listed At Cost Or FMVListedAtCostOrFMVCd	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
VANGUARD TOTAL INTL STOCK INDEX FUND ETF	FMV	$37,643,810	$37,643,810
VANGUARD TOTAL STOCK MARKET ETF	FMV	$89,575,477	$89,575,477
Total Stock Mkt Idx Inst	FMV	$71,520,661	$71,520,661
Tot Intl Stock Ix Inst	FMV	$31,246,478	$31,246,478
Tot Intl Bond Ix Admiral	FMV	$9,738,881	$9,738,881
Total Bond Mkt Index Inst	FMV	$39,533,894	$39,533,894
VANGUARD TOTAL BOND MARKET ETF	FMV	$50,957,238	$50,957,238
VANGUARD TOTAL INTL BOND INDEX ETF	FMV	$12,808,474	$12,808,474

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Field	Value	IRS element (for citing)
Category	LEGAL FEES	CategoryTxt
Legal Fees	$51,058	LegalFeesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt
Adjusted Net Income	$0	AdjustedNetIncomeAmt
Disbursements Charitable Prps	$57,561	DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Adjusted Net IncomeAdjustedNetIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
WEBSITE	$8,507	$0	$0	$10,456
INSURANCE: LIABILITY, D & O	$2,250	$0	$0	$2,250
POSTAGE & SHIPPING	$77	$0	$0	$77
BANK FEES	$180	$0	$0	$180
FILING FEES	$50	$0	$0	$50
MISCELLANEOUS EXPENSE	$1,099	$0	$0	$205

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Field	Value	IRS element (for citing)
Desc	UNREALIZED GAIN/LOSS	Desc
Amt	$6,302,719	Amt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

Field	Value	IRS element (for citing)
Desc	EXCISE TAX PAYABLE	Desc
BOY Book Value	$0	BOYBookValueAmt
EOY Book Value	$72,417	EOYBookValueAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

Field	Value	IRS element (for citing)
Category	OTHER PROFESSIONAL FEES	CategoryTxt
Amt	$389,594	Amt
Net Investment Income	$100,485	NetInvestmentIncomeAmt
Adjusted Net Income	$0	AdjustedNetIncomeAmt
Disbursements Charitable Prps	$296,090	DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

Field	Value	IRS element (for citing)
Category	Excise Tax	CategoryTxt
Amt	$72,417	Amt
Net Investment Income	$0	NetInvestmentIncomeAmt
Adjusted Net Income	$0	AdjustedNetIncomeAmt
Disbursements Charitable Prps	$0	DisbursementsCharitablePrpsAmt