2018-09-14T12:11:34-05:00 2018-04-30 BKD LLP 201 N Illinois Street Indianapolis IN 46204 990PF 2017-05-01 351320021 Liberty Fund Inc % SANDRA J SCHALLER LIBE 3178420880 11301 N Meridian Street Carmel IN 46032 SANDRA J SCHALLER VP & CONTROLLER 3178420880 2018-09-15 true NICOLE B FISHBACK P01279475 3173834000 2018-09-15 167.68.126.162 43033020182575000094 2018-09-14 P F85DF2753C8DA4EE4AAC47D9B7767FAEB1917ABC 044A2AED37EC84B6C9EB8C13C8A8970068B737BA 2017 2018-06-14 16:35:46Z X 376362796 X 1117342 1927 1927 1927 10361232 10362446 10362446 -122069 32606570 0 1098421 289748 289748 11648180 10364373 11752542 1780964 42903 42903 1738060 3722208 3722208 1609750 2012 2012 1607738 125551 12555 12555 112996 45050 3154 4505 40545 3586318 86886 86886 3499433 573967 8610 8610 565357 1006361 15095 15095 625698 4515 4515 621184 4592237 11938 11938 4580298 773686 288948 484738 707769 24218 24218 696385 19149559 211886 502185 17668942 30000 30000 19179559 211886 502185 17698942 -7531379 10152487 11250357 313570 296296 296296 1629821 336107 336107 581816 37929 37929 233556981 208212514 257354645 78223488 97369224 93042167 26266161 1559337 24788887 24706824 24706824 164557 187070 588828 339259120 331145964 376362796 24000000 23415000 10480 13703 24010480 23428703 X 315044529 307336811 204111 380450 315248640 307717261 339259120 331145964 315248640 -7531379 307717261 307717261 PUBLICLY TRADED SECURITIES-ST 6949765 5851344 1098421 1098421 PUBLICLY TRADED SECURITIES-LT 25656805 26877295 -1220490 -1220490 -122069 1098421 X 1989-02-16 N/A 0 0 0 0 false false false false false false false true true IN true true false false false true SANDRA J SCHALLER 3178420880 11301 NORTH MERIDIAN STREET CARMEL IN 46032 false false false false true false false false false false false false false false false false false false false false false TERRY W ANKER 11301 N Meridian Street Carmel IN 46032 DIRECTOR 5.0 43500 471 140 LUIS H BALL 11301 N Meridian Street Carmel IN 46032 DIRECTOR 5.0 40500 471 0 ROSEDA D DECKER 11301 N Meridian Street Carmel IN 46032 DIRECTOR EMERITUS (END 8/17) 5.0 12000 0 0 DOUGLAS J DEN UYL 11301 N Meridian Street Carmel IN 46032 VP OF EDUCATIONAL PROGRAMS 40.0 295704 63042 0 RICHARD W DUESENBERG 11301 N Meridian Street Carmel IN 46032 DIRECTOR EMERITUS 5.0 41000 425 0 NATHAN FELTMAN 11301 N Meridian Street Carmel IN 46032 DIRECTOR, CHAIRMAN (EL. 3/18) 5.0 44167 471 9405 PATRICIA A GALLAGHER 11301 N Meridian Street Carmel IN 46032 VP OF PUBLISHING(RETIRED 1/18) 40.0 130849 25751 0 JOSEPH F JOHNSTON 11301 N Meridian Street Carmel IN 46032 DIRECTOR (RETIRED 3/18) 5.0 38000 425 0 MARY A O'GRADY 11301 N Meridian Street Carmel IN 46032 DIRECTOR 5.0 42000 471 0 EMILIO J PACHECO 11301 N Meridian Street Carmel IN 46032 DIRECTOR, PRESIDENT, & CEO 40.0 373500 58081 0 BEN A RAST 11301 N Meridian Street Carmel IN 46032 DIR. & CO-CHAIRMAN 5.0 56337 471 0 T ALAN RUSSELL 11301 N Meridian Street Carmel IN 46032 DIRECTOR EMERITUS 5.0 36000 0 0 SANDRA J SCHALLER 11301 N Meridian Street Carmel IN 46032 VP & CONTROLLER, SEC-TREASURER 40.0 226010 61074 0 JOANNE W SHEPLER 11301 N Meridian Street Carmel IN 46032 ASST SEC/HR MGR (RETIRED 8/17) 40.0 42630 8743 0 DANE STARBUCK 11301 N Meridian Street Carmel IN 46032 DIR. & CO-CHAIRMAN 5.0 56337 471 0 STEPHANIE L KAUFMAN 11301 N Meridian Street Carmel IN 46032 ASST SECRETARY/ASST TO PRES. 40.0 63895 8624 0 JAME F COTE 11301 N MERIDIAN STREET CARMEL IN 46032 DIR OF INFO SYSTEMS 40.0 184804 47233 0 DAVID M HART 11301 N MERIDIAN STREET CARMEL IN 46032 DIR ONLINE LIBRARY 40.0 158000 49238 0 HANS L EICHOLZ 11301 N MERIDIAN STREET CARMEL IN 46032 SENIOR FELLOW 40.0 154127 49463 0 STEVEN D EALY 11301 N MERIDIAN STREET CARMEL IN 46032 SENIOR FELLOW 40.0 152200 48900 0 CHRISTINE D HENDERSON 11301 N MERIDIAN STREET CARMEL IN 46032 SENIOR FELLOW 40.0 150971 38896 0 32 WARE-PAK LLC 2427 BOND ST UNIVERSITY PARK IL 60466 FULFILLMENT SERVICES 135533 WALTER LEE DAVIS STUDIOS 7530 MOUNTAIN AVE MELROSE PARK PA 19027 OUTSIDE CONSULTANT 133560 FAEGRE BAKER DANIELS LLP 300 N MERIDIAN ST STE 2700 INDIANAPOLIS IN 46204 LEGAL SERVICES 126273 BKD LLP 910 E ST LOUIS ST STE 200 SPRINGFIELD MO 65806 AUDIT/TAX PREP/IT 123865 LAUREN LANDSBURG 35 COMMONWEALTH ROAD ROCHESTER NY 14618 OUTSIDE CONSULTANT 71460 3 LIBERTY FUND COLLOQUIA AND SYMPOSIUMS - SEE ATTACHMENT 6553459 CO-SPONSORED PROGRAMS - SEE ATTACHMENT 2652181 LIBERTY FUND PUBLISHING - SEE ATTACHMENT 2233888 LIBERTY FUND WEBSITES - SEE ATTACHMENT 1671516 350665834 857692 588828 352112354 0 352112354 5281685 346830669 17341533 X 17698942 0 932609 0 0 18631551 18631551 1989-02-16 X 11250357 15929860 5622776 5918166 38721159 9562803 13540381 4779360 5030441 32912985 18631551 33815039 27245316 23730558 103422464 30000 1010000 50000 50000 1140000 18601551 32805039 27195316 23680558 102282464 376362796 361025645 320452614 334847565 1392688620 0 11561022 10619907 10156089 10791701 43128719 0 0 0 0 NONE NONE X COMMUNITY FOUNDATION OF RANDOLPH COUNTY 213 S MAIN STREET WINCHESTER IN 47394 NONE PC Bicentennial Plaza Project Randolph Co. 20000 ASSOCIATION OF PRIVATE ENTERPRISE EDUCATION 313 FLETCHER HALL 615 MCCALLIE AVENUE CHATTANOOGA TN 37403 NONE PC SPONSOR POSTER COMPETITION & RECEPTION 10000 30000 14 1927 14 10361232 18 -122069 BOOK AND FILM SALES 288948 RENTAL INCOME 800 10241090 289748 10530838 11B INCOME CONTRIBUTES IMPORTANTLY TO THE CONTINUED PUBLICATION OF WRITINGS OF DECEASED THINKERS AS WELL AS CURRENT WRITINGS DEEMED UNPROFITABLE BY COMMERCIAL PUBLISHERS AND TO PROMOTE THE STUDY OF LIBERTY AND PERSONAL RESPONSIBILITY. false false false false false false false false false false X X 1 JOHN TEMPLETON FOUNDATION 300 CONSHOHOCKEN STATE ROAD STE 5 WEST CONSHOHOCKEN PA 19428 1115197 X AUDIT & TAX PREPARATION FEES 45050 3154 4505 40545 DEPRECIATION DISCLOSURE DEPRECIATION DISCLOSURE PART I, LINE 19 AND PART II, LINE 14: LIBERTY FUND, INC. E.I. #35-1320021 A STATEMENT ATTACHED TO AND MADE PART OF U.S. PRIVATE FOUNDATION INCOME TAX RETURN FOR THE YEAR ENDED APRIL 30, 2018 PART I, LINE 19 - DEPRECIATION PART II, LINE 14 - LAND, BUILDINGS, AND EQUIPMENT LAND: 3,844,298 LAND IMPROVEMENTS: 2,088,277 OFFICE FURNITURE: 2,872,722 EQUIPMENT AND OTHER: 109,326 BUILDING: 17,351,538 LESS: ACCUMULATED DEPRECIATION: (1,559,337) ----------- NET FIXED ASSETS: 24,706,824 DEPRECIATION EXPENSE: 1,006,361 DEPRECIATION CALCULATED USING THE STRAIGHT-LINE METHOD. OFFICER'S COMPENSATION OFFICER'S COMPENSATION PART VIII: COMPENSATION OF STEPHANIE KAUFMAN REFLECTS EARNINGS AS AN OFFICER. EARNINGS PRIOR TO BECOMING ASSISTANT SECRETARY ARE INCLUDED IN PART I, LINE 14. SUMMARY OF DIRECT CHARITABLE ACTIVITIES SUMMARY OF DIRECT CHARITABLE ACTIVITIES PART IX-A: LIBERTY FUND COLLOQUIA AND SYMPOSIUMS 89 COLLOQUIM AND SYMPOSIUMS WERE DEVELOPED AND CONDUCTED IN THE UNITED STATES, CANADA, LATIN AMERICA, AND EUROPE. COLLOQUIUM AND SYMPOSIUMS ARE TO FOSTER THOUGHT AND ENCOURAGE DISCOURSE ON ENDURING ISSUES PERTAINING TO LIBERTY. CO-SPONSORED PROGRAMS LIBERTY FUND ADMINISTERED CO-SPONSORED PROGRAMS WITH FOURTEEN OTHER NON-PROFIT ORGANIZATIONS WITH SIMILAR EDUCATIONAL AND PUBLIC PURPOSES. LIBERTY FUND AND THE CO-SPONSORS HAVE JOINT OR SHARED RESPONSIBILITIES OVER PLANNING, DEVELOPING, COORDINATING, CONDUCTING, AND EVALUATING THE CONFERENCE PROGRAMS HELD. AS WITH THE LIBERTY FUND COLLOQUIA AND SYMPOSIUMS, THE CO-SPONSORED PROGRAMS ARE TO FOSTER THOUGHT AND ENCOURAGE DISCOURSE ON ENDURING ISSUES PERTAINING TO LIBERTY. LIBERTY FUND PUBLISHING LIBERTY FUND PUBLISHED SIX NEW TITLES AND CONDUCTED EDITORIAL WORK ON OTHER UPCOMING PUBLICATIONS. TWENTY-FIVE REPRINTS OF OUR PREVIOUSLY PUBLISHED WORKS WERE PRODUCED. TITLES SELECTED FOR PUBLISHING ARE THOSE THAT WILL PRESERVE THE WISDOM AND LEARNING OF THE AGES, AND STRENGTHEN, IN PARTICULAR, THE UNDERSTANDING AND APPRECIATION OF INDIVIDUAL LIBERTY AND RESPONSIBILITY. TITLES INCLUDE CLASSICS IN THE FIELDS OF HISTORY, POLITICS, PHILOSOPHY, LAW, EDUCATION, AND ECONOMICS. LIBERTY FUND WEBSITES THE LIBRARY OF THE CLASSICS OF LIBERTY - HTTP://OLL.LIBERTYFUND.ORG - IS A WEBSITE DEDICATED TO MAKING THE CLASSIC TEXTS WHICH CONTRIBUTED TO OUR MODERN UNDERSTANDING OF THE NATURE OF LIMITED GOVERNMENT, INDIVIDUAL LIBERTY, AND THE FREE MARKET MORE ACCESSIBLE TO SCHOLARS, STUDENTS AND OTHER INTERESTED INDIVIDUALS. THE LIBRARY OF ECONOMICS AND LIBERTY - WWW.ECONLIB.ORG - IS A WEBSITE DEDICATED TO ADVANCING THE STUDY OF ECONOMICS, MARKETS, AND LIBERTY. THE LIBRARY OF LAW AND LIBERTY - WWW.LIBERTYLAWSITE.ORG - IS A WEBSITE DEDICATED TO THE CONTENT, STATUS, AND DEVELOPMENT OF LAW IN THE CONTEXT OF REPUBLICAN AND LIMITED GOVERNMENT AND THE WAYS THAT LIBERTY AND LAW AND LAW AND LIBERTY MUTUALLY REINFORCE THE OTHER. During this fiscal year, Liberty Fund began work on a new website focusing on the works of Adam Smith. This website is made possible through the support of a grant from the John Templeton Foundation. The opinions expressed on this website are those of the author(s) and do not necessarily reflect the views of the John Templeton Foundation. As of this fiscal year end date, the website is still under construction. MUTUAL FUNDS - BONDS 97369224 93042167 MUTUAL FUNDS - INTERNATIONAL 81297624 103405834 MUTUAL FUNDS - DOMESTIC 126914890 153948811 PRIVATE EQUITY 0 0 LEGAL CONSULTING FEES 125551 12555 12555 112996 ART COLLECTION 164557 187070 588828 INSURANCE 135103 169 169 134934 ADMINISTRATIVE EXPENSES 361918 1 1 361917 EQUIPMENT LEASING 30354 455 455 29898 EDUCATIONAL MATERIALS 106669 10667 10667 96002 PASS THROUGH PARTNERSHIP 12834 12834 MISCELLANEOUS EXPENSES 73725 92 92 73634 BOOK AND FILM SALES 288948 288948 RENTAL INCOME 800 800 OTHER LIABILITIES 10480 13703 INVESTMENT MANAGEMENT FEES 86610 86610 86610 CONFERENCE & PROGRAM FEES 2395280 2395280 WEBSITE DEVELOPMENT FEES 883790 883790 OTHER PROFESSIONAL FEES 220638 276 276 220363