2015-08-12T15:59:59-05:00 2014-12-31 201484966 SKINNER FOUCH & OLSON LLP 9846 RESEARCH DRIVE IRVINE CA 92618 990 2014-01-01 916468179 SAMUELSON FOUNDATION SAMU 8185000155 5000 EDENHURST AVENUE LOS ANGELES CA 90039 REID G SAMUELSON TRUSTEE 8185000155 2015-08-12 1 LISA ANNAN P00543409 9492601430 2014 2016-02-25 16:41:14Z REID G SAMUELSON 5000 EDENHURST AVENUE LOS ANGELES CA 90039 501410 0 X N/A X FOUNDATION 2000 CA TO PEFORM ACTS OF KINDNESS AND LOVE TO THOSE IN NEED BY PROVIDING FOOD, HABITAT, HEALTH AND EDUCATION IN AN ENVIRONMENT OF SOCIAL & ECONOMIC FREEDOM. 5 3 0 0 -2978 0 0 0 0 0 26040 106387 149835 -2978 175875 103409 13501 11000 0 0 0 0 0 0 0 107896 115187 121397 126187 54478 -22778 6028383 6005605 1575689 1575689 4452694 4429916 TO PEFORM ACTS OF KINDNESS AND LOVE TO THOSE IN NEED BY PROVIDING FOOD, HABITAT, HEALTH AND EDUCATION IN AN ENVIRONMENT OF SOCIAL & ECONOMIC FREEDOM. 0 0 6000 6000 LA CANADA PRESBYTERIAN CHURCH IS A 501(C)(3) ORGANIZATION WHICH TEACHES PEOPLE TO FOLLOW JESUS CHRIST AND BECOME INVOLVED IN THE CHRISTIAN COMMUNITY. DURING 2014, $6,000.00 CASH WAS DONATED TO ASSIST THEM WITH THEIR MISSION. 5000 5000 OCCIDENTAL COLLEGE IS A PRIVATE, CO-EDUCATIONAL LIBERAL ARTS COLLEGE LOCATED IN LOS ANGELES, CALIFORNIA. FOUNDED IN 1887 BY CLERGY AND MEMBERS OF THE PRESBYTERIAN CHURCH, IS ONE OF THE OLDEST LIBERAL ARTS COLLEGES ON THE WEST COAST, AND STILL RETAINS THE PROGRESSIVE AND EGALITARIAN VALUES OF ITS FOUNDERS. DURING 2014, $5,000.00 CASH WAS DONATED TO THE COLLEGE TO ASSIST THEM WITH THEIR MISSION. 11000 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 5 3 1 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 CA X REID G SAMUELSON 8185000155 5000 EDENHURST AVENUE LOS ANGELES CA 90039 X JACK D SAMUELSON TRUSTEE 0.50 X 0 0 0 REID G SAMUELSON TRUSTEE 0.50 X 0 0 0 FRED SCHNEIDER TRUSTEE 0.00 X 0 0 0 DORIS YOUNG COATES TRUSTEE 0.00 X 0 0 0 H JAMES SCHAFER TRUSTEE 0.00 X 0 0 0 0 0 0 0 0 0 0 0 105133 105133 399255 398001 1254 1254 1254 UBTI PASSED THRU FROM 523000 -2978 -2978 -2978 103409 0 -2978 106387 11000 11000 190 190 3902 3902 111036 111036 CALIFORNIA FILING FEES 50 50 PASSED THROUGH FROM CVR 9 9 126187 11000 115187 0 2864202 2941719 1072732 985672 1987362 1987362 104087 90852 6028383 6005605 1575689 1575689 1575689 1575689 X 0 0 0 0 4452694 4429916 4452694 4429916 6028383 6005605 -22778 0 X 0 0 0 X X 2 LA CANADA PRESBYTERIAN CHURCH 951765156 1 1 6000 0 OCCIDENTAL COLLEGE 951667177 2 1 5000 0 2 11000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 175875 103409 175875 103409 0 0 106359 111036 15026 15142 54490 -22769 2416514 0 399754 0 2669389 0 5485657 0 0 1575689 0 3909968 0 58650 0 3851318 0 134796 0 0 0 134796 0 54490 46317 134796 134796 0 134796 11000 0 4142 0 0 0 15142 11000 134796 0.082 134796 0 0 0 0 0 0 15142 0 15142 0 0 119654 0 0 0 PART IV, SECTION D, QUESTION 2 TRUSTEE REID SAMUELSON IS AN ELDER OF LA CANADA PRESBYTERIAN CHURCH AND A TRUSTEE OF OCCIDENTAL COLLEGE; AND JACK SAMUELSON IS AN ELDER OF LA CANADA PRESBYTERIAN CHURCH, A TRUSTEE EMERITUS OF OCCIDENTAL COLLEGE AND A TRUSTEE OF FULLER SEMINARY, WHICH ARE EACH SUPPORTED ORGANIZATIONS. IN ADDITION, REID SAMUELSON AND JACK SAMUELSON MAINTAIN A CLOSE AND CONTINUOUS WORKING RELATIONSHIP WITH AMOS HIMMILSTEIN, THE CFO OF OCCIDENTAL COLLEGE, GARETH ICENOGLE, THE PASTOR OF LA CANADA PRESBYTERIAN CHURCH AND BOB HILLER, THE CHAIRMAN OF THE BUILDING AND GROUND COMMITTEE OF LA CANADA PRESBYTERIAN CHURCH, AND WITH TODD DERRICK, INVESTMENT MANAGER AT THE FULLER SEMINARY FOUNDATION. PART IV, SECTION D, QUESTION 3 THE POLICIES OF THE INVESTMENT COMMITTEES AT THE SUPPORTED ORGANIZATIONS, IN PARTICULAR OCCIDENTAL COLLEGE AND FULLER SEMINARY, HAD SIGNIFICANT INFLUENCE ON THE SAMUELSON FOUNDATION'S INVESTMENT POLICIES. THIS CAME THROUGH QUARTERLY MEETINGS AT BOTH INSTITUTIONS' INVESTMENT COMMITTEES AS WELL AS FACE-TO-FACE OR TELEPHONIC MEETINGS BETWEEN FOUNDATION TRUSTEES AND TODD DERRICK, INVESTMENT MANAGER AT THE FULLER SEMINARY FOUNDATION AND AMOS HIMMILSTEIN, CFO OF OCCIDENTAL COLLEGE. REID SAMUELSON OR JACK SAMUELSON DISCUSSED WITH THEM AT THOSE TIMES THE PROJECT BUDGETS FOR CAPITAL PROJECTS AT OCCIDENTAL COLLEGE, FULLER SEMINARY AND LA CANADA PRESBYTERIAN CHURCH AND WAYS IN WHICH THE SAMUELSON FOUNDATION WILL USE ITS INCOME AND INVEST ITS ASSETS. PART V, SECTIONS D AND E REASONABLE CAUSE EXCEPTION REQUEST THE ORGANIZATION DID NOT MEET THE SECTIONS D AND E DISTRIBUTION REQUIREMENTS DURING 2014. THE TRUSTEES TRANSITIONED 2014 TAX RETURN PREPARATION TO A NEW CPA FIRM DUE TO THE RETIREMENT OF THE FORMER TAX PREPARER. THE NEW TREASURY REGULATION 1.509(A)-4 DISTRIBUTION REQUIREMENTS BECAME EFFECTIVE DURING THE TIME OF THIS TRANSITION. DURING PREPARATION OF THE 2014 TAX RETURNS THE UNDERDISTRIBUTION ISSUE WAS BROUGHT TO THE ATTENTION OF THE TRUSTEES WHO TOOK IMMEDIATE STEPS TO CORRECT. AS OF THE FILING OF THE 2014 TAX RETURNS, THE $119,654 UNDERDISTRIBUTION FOR 2014 (PART V, SECTION E, LINE 6) HAS BEEN DISTRIBUTED TO SUPPORTED ORGANIZATIONS. IN ADDITION, THE 2015 REQUIRED DISTRIBUTION AMOUNT HAS BEEN COMPUTED AND DISTRIBUTED TO SUPPORTED ORGANIZATIONS. THE FAILURE TO MEET THE 2014 DISTRIBUTION REQUIREMENTS WAS NOT DUE TO WILLFUL NEGLECT AND WAS CORRECTED IMMEDIATELY AFTER THE ERROR WAS DISCOVERED. DUE TO THE REASONS EXPLAINED ABOVE THE ORGANIZATION IS REQUESTING RELIEF UNDER THE REASONABLE CAUSE EXCEPTION. 0 SAMUELSON BROTHERS, INC. 1987362 C 1987362 0 LA CANADA PRESBYTERIAN CHURCH 626 FOOTHILL BLVD LA CANADA CA 91011 951765156 501(C)(3) 6000 LA CANADA PRESBYTERIAN CHURCH IS AN ORGANIZATION THAT TEACHES PEOPLE TO FOLLOW JESUS CHRIST AND BECOME INVOLVED IN THE CHRISTIAN COMMUNITY. DURING 2014, $6,000.00 CASH WAS DONATED TO ASSIST THEM WITH THEIR MISSION. 1 FORM 990, PART VI, SECTION A, LINE 2 JACK SAMUELSON AND REID SAMUELSON - FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 ONE OF THE TRUSTEES WHO IS MOST INTIMATELY ACQUAINTED WITH THE ACTIVITIES OF THE FOUNDATION REVIEWED THE RETURN AND COMPARED IT TO THE FOUNDATION'S FINANCIAL STATEMENTS. FORM 990 IS AVAILABLE TO ALL MEMBERS OF THE GOVERNING BODY AND THEY WILL IMMEDIATELY BE PROVIDED AN ELECTRONIC COPY OF FORM 990 UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 PARTIES INTERESTED IN THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS MAY OBTAIN THAT INFORMATION BY VISITING OR REQUESTING THAT INFORMATION FROM SAMUELSON FOUNDATION, 5000 EDENHURST AVENUE, LOS ANGELES, CA 90039, TELEPHONE IS 818-500-0155. REASONABLE COPYING COSTS WILL APPLY FOR COPIES OF DOCUMENTS. FORM 990, PART VII JACK D. SAMUELSON - 5000 EDENHURST AVENUE, LOS ANGELES, CA 90039. REID G. SAMUELSON - 5000 EDENHURST AVENUE, LOS ANGELES, CA 90039. FRED SCHNEIDER - 5225 LA CANADA BLVD, LA CANADA, CA 91011. DORIS YOUNG COATES - 5416 CASTLE KNOLL DRIVE, LA CANADA, CA 91011. H JAMES SCHAFER - 5000 EDENHURST AVENUE, LOS ANGELES, CA 90039.