LILLIAN VERNON FOUNDATION: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: LILLIAN VERNON FOUNDATION (EIN 22-3390451)
Tax period: 2012-07-01 to 2013-06-30
Filed: 2014-05-09
IRS object ID: 201401299349102000
Schema version: 2012v2.1
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
Accounting Fees Schedule
Investments Corp Bonds Schedule
Investments Corp Stock Schedule
Investments Other Schedule2
Other Decreases Schedule
Other Expenses Schedule
Other Income Schedule2
Other Increases Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2014-05-09T14:41:37-05:00	Timestamp
Tax Period End Date	2013-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Field	Value	IRS element (for citing)
EIN	134038080	EIN

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	MGI REPETTI LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	500 FIFTH AVENUE - 5TH FL	AddressLine1
City	NEW YORK	City
State	NY	State
ZIP Code	10110	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnType
Tax Period Begin Date	2012-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	223390451	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	LILLIAN VERNON FOUNDATION MGI REPETTI LLP	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	LILL	NameControl
Phone	2123023300	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	500 FIFTH AVE 5TH FL	AddressLine1
City	NEW YORK	City
State	NY	State
ZIP Code	10110	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	LILLIAN VERNON	Name
Title	TRUSTEE	Title
Phone	2123023300	Phone
Date Signed	2014-05-09	DateSigned
Authorize Third Party	1	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	JOHN R REPETTI	Name
PTIN	P00163823	PTIN
Phone	2123023300	Phone

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2015-12-30 17:16:21Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Address Change	X	AddressChange
Exempt PF	X	ExemptPF
FMV Assets EOY	3699357	FMVAssetsEOY
Method Of Accounting Cash	X	MethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Not Required To Attach Schedule B	X	NotRequiredToAttachScheduleB
Interest On Savings Rev And Expnss	29	InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm	29	InterestOnSavingsNetInvstIncm
Dividends Rev And Expnss	32006	DividendsRevAndExpnss
Dividends Net Invst Incm	32006	DividendsNetInvstIncm
Net Gain Sale Assets Rev And Expnss	-56483	NetGainSaleAssetsRevAndExpnss
Gross Sales Price	1951772	GrossSalesPrice
Capital Gain Net Incm Net Invst Incm	0	CapitalGainNetIncmNetInvstIncm
Other Income Rev And Expnss	737	OtherIncomeRevAndExpnss
Other Income Net Invst Incm	737	OtherIncomeNetInvstIncm
Total Revenue And Expenses	-23711	TotalRevenueAndExpenses
Total Net Investment Income	32772	TotalNetInvestmentIncome
Comp Ofcr Dir Trst Rev And Expnss	0	CompOfcrDirTrstRevAndExpnss
Comp Ofcr Dir Trst Net Invst Incm	0	CompOfcrDirTrstNetInvstIncm
Comp Ofcr Dir Trst Dsbrs Chrtbl Prps	0	CompOfcrDirTrstDsbrsChrtblPrps
Accounting Fees Rev And Expnss	15227	AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm	5076	AccountingFeesNetInvstIncm
Accounting Fees Dsbrs Chrtbl Prps	10151	AccountingFeesDsbrsChrtblPrps
Taxes Rev And Expnss	847	TaxesRevAndExpnss
Taxes Net Invst Incm	847	TaxesNetInvstIncm
Taxes Dsbrs Chrtbl Prps	0	TaxesDsbrsChrtblPrps
Other Expenses Rev And Expnss	18495	OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm	18495	OtherExpensesNetInvstIncm
Other Expenses Dsbrs Chrtbl Prps	0	OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss	34569	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	24418	TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	10151	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	315341	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	315341	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	349910	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	24418	TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps	325492	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	-373621	ExcessOfRevenueOverExpenses
Net Investment Income	8354	NetInvestmentIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Cash BOY	67435	CashBOY
Cash EOY	12200	CashEOY
Cash EOYFMV	12200	CashEOYFMV
Savings And Temp Cash Invst BOY	238118	SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY	495804	SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV	495804	SavingsAndTempCashInvstEOYFMV
Investments Corp Stock BOY	2053536	InvestmentsCorpStockBOY
Investments Corp Stock EOY	1007523	InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV	1939134	InvestmentsCorpStockEOYFMV
Investments Corp Bonds BOY	0	InvestmentsCorpBondsBOY
Investments Corp Bonds EOY	999684	InvestmentsCorpBondsEOY
Investments Corp Bonds EOYFMV	986371	InvestmentsCorpBondsEOYFMV
Investments Other BOY	542287	InvestmentsOtherBOY
Investments Other EOY	293762	InvestmentsOtherEOY
Investments Other EOYFMV	265848	InvestmentsOtherEOYFMV
Total Assets BOY	2901376	TotalAssetsBOY
Total Assets EOY	2808973	TotalAssetsEOY
Total Assets EOYFMV	3699357	TotalAssetsEOYFMV
Total Liabilities BOY	0	TotalLiabilitiesBOY
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Do Not Follow SFAS117	X	OrgThatDoNotFollowSFAS117
Capital Stock BOY	0	CapitalStockBOY
Capital Stock EOY	0	CapitalStockEOY
Paid In Or Capital Surplus BOY	0	PaidInOrCapitalSurplusBOY
Paid In Or Capital Surplus EOY	0	PaidInOrCapitalSurplusEOY
Retained Earnings BOY	2901376	RetainedEarningsBOY
Retained Earnings EOY	2808973	RetainedEarningsEOY
Total Net Assets BOY	2901376	TotalNetAssetsBOY
Total Net Assets EOY	2808973	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	2901376	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	2808973	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	2901376	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	-373621	ExcessOfRevenueOverExpenses
Other Increases	281393	OtherIncreases
Subtotal	2809148	Subtotal
Other Decreases	175	OtherDecreases
Total Net Assets Fund Balances EOY	2808973	TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo (91 entries)

Description Of AssetDescriptionOfAsset	How AcquiredHowAcquired	Date AcquiredDateAcquired	Date SoldDateSold	Gross Sales PriceGrossSalesPrice	Gain Or LossGainOrLoss	Gains Minus Excess Or LossesGainsMinusExcessOrLosses	Cost Or Other BasisCostOrOtherBasis
710.2 SHS. ROLLS ROYCE HLDGS PLC	P	2012-05-15	2012-07-05	1102	1102	1102
2000 SHS. LINCARE HLDGS INC	P	2012-07-02	2012-08-13	83000	500	500	82500
1250 SHS. TIME WARNER INC	P	2009-04-02	2012-08-20	53062	12490	12490	40572
1200 SHS. AMERIGROUP CORP	P	2012-07-09	2012-12-24	110400	3816	3816	106584
509.2 SHS. ROLLS ROYCE HLDGS PLC	P	2012-11-06	2013-01-07	819	819	819
1000 SHS. LIBERTY MEDIA CORP	P	2012-12-31	2013-01-28	110518	102145	102145	8373
3800 SHS. PSS WORLD MEDICAL	P	2012-12-26	2013-02-25	110200	437	437	109763
1300 SHS. AXIS CAPITAL HLDGS LT	P	2006-04-27	2012-07-02	42755	3689	3689	39066
1350 SHS. COMCAST CORP CL A SPL	P	2004-02-20	2012-07-02	42685	16254	16254	26431
533 SHS. D R HORTON INC	P	2004-06-08	2012-07-02	9753	-1995	-1995	11748
133 SHS. D R HORTON INC	P	2004-07-21	2012-07-02	2434	-210	-210	2644
68 SHS. DIANA CONTAINERSHIPS INC COM	P	2011-01-19	2012-07-02	498	-420	-420	918
2100 SHS. DIANA SHIPPING INC	P	2007-09-20	2012-07-02	15924	-36577	-36577	52501
1300 SHS. DUKE ENERGY CORP	P	2006-12-19	2012-07-02	30340	5187	5187	25153
1960 SHS. EQUAL ENERGY LTD	P	2005-07-19	2012-07-02	4910	-124153	-124153	129063
400 SHS. LIBERTY MEDIA HLDG CORP.	P	2003-08-19	2012-07-02	7056	-395	-395	7451
300 SHS. LIBERTY MEDIA HLDG CORP.	P	2003-08-20	2012-07-02	5292	-306	-306	5598
600 SHS. DOW CHEMICAL CORP	P	2010-06-16	2012-07-02	17688	1716	1716	15972
300 SHS. DOW CHEMICAL CORP	P	2010-06-21	2012-07-02	8844	648	648	8196
2900 SHS. ALCOA, INC.	P	2006-07-11	2012-10-10	25025	-67586	-67586	92611
1100 SHS. BANK OF AMERICA	P	2007-06-20	2012-10-10	9971	-45807	-45807	55778
200 SHS. BANK OF AMERICA	P	2007-06-21	2012-10-10	1813	-8152	-8152	9965
100 SHS. BANK OF AMERICA	P	2011-03-09	2012-10-10	906	-562	-562	1468
600 SHS. BANK OF AMERICA	P	2011-04-07	2012-10-10	5439	-2787	-2787	8226
480 SHS. ENBRIDGE ENERGY PARTNERS	P	2004-09-09	2012-10-10	14476	2980	2980	11496
720 SHS. ENBRIDGE ENERGY PARTNERS	P	2004-09-10	2012-10-10	21714	4452	4452	17262
1300 SHS. ENERGY TRANSFER PARTNERS	P	2008-07-15	2012-10-10	55862	4576	4576	51286
600 SHS. ENERGY TRANSFER PARTNERS	P	2008-07-16	2012-10-10	25783	1994	1994	23789
2000 SHS. ENERPLUS CORPORATION	P	2003-10-31	2012-10-10	31898	-21328	-21328	53226
100 SHS. ENERPLUS CORPORATION	P	2004-12-08	2012-10-10	1595	-1762	-1762	3357
2300 SHS. ENTERPRISE PRODS PART	P	2004-04-29	2012-10-10	123604	75304	75304	48300
800 SHS. ENTERPRISE PRODS PART	P	2006-03-02	2012-10-10	42993	23873	23873	19120
3421 SHS. EXCEL MARITIME CARRIERS LTD	P	2008-04-15	2012-10-10	1801	-99105	-99105	100906
300 SHS. GRAFTECH INTL LTD	P	2011-08-31	2012-10-10	2993	-1884	-1884	4877
100 SHS. GRAFTECH INTL LTD	P	2011-09-01	2012-10-10	998	-562	-562	1560
800 SHS. NAVIOS MARITIME HOLDINGS	P	2004-12-31	2012-10-10	2765	-729	-729	3494
1856 SHS. NAVIOS MARITIME HOLDINGS	P	2007-02-02	2012-10-10	6416	-2890	-2890	9306
8700 SHS. NAVIOS MARITIME HOLDINGS	P	2009-08-13	2012-10-10	30074	-11677	-11677	41751
1400 SHS. NAVIOS MARITIME HOLDINGS	P	2009-08-27	2012-10-10	4839	-1476	-1476	6315
100 SHS. NAVIOS MARITIME HOLDINGS	P	2009-10-06	2012-10-10	346	-139	-139	485
500 SHS. NAVIOS MARITIME HOLDINGS	P	2009-11-17	2012-10-10	1728	-1392	-1392	3120
200 SHS. NAVIOS MARITIME HOLDINGS	P	2009-11-24	2012-10-10	691	-489	-489	1180
100 SHS. NAVIOS MARITIME HOLDINGS	P	2009-12-02	2012-10-10	346	-257	-257	603
1800 SHS. NAVIOS MARITIME PART	P	2010-10-08	2012-10-10	26199	-5742	-5742	31941
2500 SHS. NAVIOS MARITIME PART	P	2010-10-08	2012-10-10	36387	-7740	-7740	44127
3000 SHS. NUSTER GP HOLDINGS	P	2006-12-14	2012-10-10	92564	29196	29196	63368
100 SHS. PATRIOT COAL CORP COM	P	2007-02-28	2012-10-10	11	-1255	-1255	1266
80 SHS. PATRIOT COAL CORP COM	P	2007-03-01	2012-10-10	9	-1002	-1002	1011
1100 SHS. PFIZER INC	P	2009-12-15	2012-10-10	27455	7200	7200	20255
600 SHS. PFIZER INC	P	2009-12-16	2012-10-10	14976	3857	3857	11119
100 SHS. PFIZER INC	P	2009-12-17	2012-10-10	2496	662	662	1834
900 SHS. PFIZER INC	P	2010-01-05	2012-10-10	22464	5655	5655	16809
770 SHS. PLAINS ALL AMERN PIPELINE L UNIT LTD	P	2003-08-20	2012-10-10	34753	22423	22423	12330
924 SHS. PLAINS ALL AMERN PIPELINE L UNIT LTD	P	2003-08-26	2012-10-10	41704	26872	26872	14832
730 SHS. PLAINS ALL AMERN PIPELINE L UNIT LTD	P	2008-05-07	2012-10-10	32948	16005	16005	16943
470 SHS. PLAINS ALL AMERN PIPELINE L UNIT LTD	P	2008-05-07	2012-10-10	21213	10329	10329	10884
2100 SHS. REGENCY ENERGY PART	P	2006-01-30	2012-10-10	49537	7537	7537	42000
300 SHS. REGENCY ENERGY PART	P	2007-07-26	2012-10-10	7077	-2539	-2539	9616
758 SHS. SAFE BULKERS INC	P	2008-05-28	2012-10-10	4298	-10105	-10105	14403
942 SHS. SAFE BULKERS INC	P	2008-05-29	2012-10-10	5341	-12578	-12578	17919
3300 SHS. SAFE BULKERS INC	P	2010-03-18	2012-10-10	18710	-4391	-4391	23101
569 SHS. SENIOR HSG PPTYS TR SH BEN INT	P	2010-12-09	2012-10-10	12461	794	794	11667
1331 SHS. SENIOR HSG PPTYS TR SH BEN INT	P	2010-12-10	2012-10-10	29148	1181	1181	27967
200 SHS. SENIOR HSG PPTYS TR SH BEN INT	P	2011-08-10	2012-10-10	4380	215	215	4165
300 SHS. STONEMOR PARTNERS	P	2004-09-14	2012-10-10	6971	821	821	6150
1100 SHS. TEEKAY TANKERS	P	2007-12-12	2012-10-10	3873	-17578	-17578	21451
1200 SHS. TORCHMARK CORP.	P	2009-08-06	2012-10-10	60838	29252	29252	31586
525 SHS. UNITED CONTL HLDGS INC COM	P	2007-08-07	2012-10-10	10557	-5104	-5104	15661
900 SHS. VANGUARD NATURAL RESOURCES	P	2007-09-11	2012-10-10	26229	1028	1028	25201
600 SHS. VANGUARD NATURAL RESOURCES	P	2007-09-12	2012-10-10	17486	722	722	16764
2700 SHS. VANGUARD NATURAL RESOURCES	P	2007-10-12	2012-10-10	78688	3729	3729	74959
600 SHS. WAL MART STORES INC	P	2011-01-27	2012-10-10	45784	11226	11226	34558
100 SHS. WAL MART STORES INC	P	2011-01-28	2012-10-10	7631	1864	1864	5767
200 SHS. WAL MART STORES INC	P	2011-02-01	2012-10-10	15261	3979	3979	11282
100 SHS. WAL MART STORES INC	P	2011-02-02	2012-10-10	7631	2047	2047	5584
100 SHS. WAL MART STORES INC	P	2011-03-30	2012-10-10	7631	2399	2399	5232
100 SHS. WAL MART STORES INC	P	2011-04-06	2012-10-10	7631	2321	2321	5310
37100 SHS. HOLY MINES LTD.	P	2011-03-22	2012-10-11	5445	-33471	-33471	38916
100 SHS. DOW CHEMICAL CORP	P	2011-11-01	2012-07-12	2948	266	266	2682
100 SHS. DOW CHEMICAL CORP	P	2011-11-02	2012-07-12	2948	172	172	2776
500 SHS. DEVON ENERGY CORP	P	2012-04-24	2012-10-10	30163	-3154	-3154	33317
30 SHS. ENERPLUS CORPORATION	P	2012-06-06	2012-10-10	478	100	100	378
14 SHS. ENERPLUS CORPORATION	P	2012-07-06	2012-10-10	223	24	24	199
13 SHS. ENERPLUS CORPORATION	P	2012-08-08	2012-10-10	207	14	14	193
12 SHS. ENERPLUS CORPORATION	P	2012-09-21	2012-10-10	191	2	2	189
12 SHS. ENERPLUS CORPORATION	P	2013-01-22	2013-01-30	149	-52	-52	201
1200 SHS. FORD MTR CO DEL COM PAR	P	2012-05-25	2012-10-10	11903	-926	-926	12829
100 SHS. GRAFTECH INTL LTD	P	2011-10-27	2012-10-10	998	-640	-640	1638
42800 SHS. SIRIUS MINERALS PLC	P	2012-03-12	2012-10-11	13113	-2325	-2325	15438
1200 SHS. SIRIUS MINERALS PLC	P	2012-03-14	2012-10-11	368	-55	-55	423
GAIN FROM PASSTHROUGH	P	2012-12-31	2013-06-30	30940	30940	30940

Field	Value	IRS element (for citing)
Capital Gain Net Income	-56483	CapitalGainNetIncome

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	0	LiableFor4942Tax
Qualifying Distributions Year1	420481	QualifyingDistributionsYear1
Noncharitable Assets Year1	3847492	NoncharitableAssetsYear1
Distribution Ratio Year1	0.109287	DistributionRatioYear1
Qualifying Distributions Year2	316328	QualifyingDistributionsYear2
Noncharitable Assets Year2	4292689	NoncharitableAssetsYear2
Distribution Ratio Year2	0.073690	DistributionRatioYear2
Qualifying Distributions Year3	467313	QualifyingDistributionsYear3
Noncharitable Assets Year3	3824862	NoncharitableAssetsYear3
Distribution Ratio Year3	0.122178	DistributionRatioYear3
Qualifying Distributions Year4	418663	QualifyingDistributionsYear4
Noncharitable Assets Year4	3925291	NoncharitableAssetsYear4
Distribution Ratio Year4	0.106658	DistributionRatioYear4
Qualifying Distributions Year5	402547	QualifyingDistributionsYear5
Noncharitable Assets Year5	5526010	NoncharitableAssetsYear5
Distribution Ratio Year5	0.072846	DistributionRatioYear5
Total Distribution Ratio	0.484659	TotalDistributionRatio
Average Distribution Ratio	0.096932	AverageDistributionRatio
Net Noncharitable Assets	3607875	NetNoncharitableAssets
Adjusted Noncharitable Assets	349719	AdjustedNoncharitableAssets
One Percent Net Investment Income	84	OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One	349803	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	325492	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Investment Income Excise Tax	167	InvestmentIncomeExciseTax
Tax Under Section511	0	TaxUnderSection511
Subtotal	167	Subtotal
Subtitle A Tax	0	SubtitleATax
Tax Based On Investment Income	167	TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment	6771	EstTaxPaymentsAndOverpayment
Total Credits And Payments	6771	TotalCreditsAndPayments
Overpayment	6604	Overpayment
Amount Credited To Next Year	6604	AmountCreditedToNextYear
Amount To Be Refunded	0	AmountToBeRefunded

Statements Regarding Activities StatementsRegardingActivities

Field	Value	IRS element (for citing)
Legislative Political Activities	0	LegislativePoliticalActivities
More Than100 Spent	0	MoreThan100Spent
Form1120 POL Filed	0	Form1120POLFiled
Sect4955 Tax On Organization	0	Sect4955TaxOnOrganization
Sect4955 Tax On Managers	0	Sect4955TaxOnManagers
Reimbursement Of Tax	0	ReimbursementOfTax
Activities Not Prev Reported	0	ActivitiesNotPrevReported
Changes To Articles Or Bylaws	0	ChangesToArticlesOrBylaws
Unrelated Bus Income Over1000	0	UnrelatedBusIncomeOver1000
Termination Etc	0	TerminationEtc
Requirements Of Sect508e	1	RequirementsOfSect508e
At Least5000 In Assets	1	AtLeast5000InAssets
States Filed With	CT	StatesFiledWith
Form990 PF Filed With AG	1	Form990PFFiledWithAG
Private Operating Foundation	0	PrivateOperatingFoundation
New Substantial Contributors	0	NewSubstantialContributors
Interest In Controlled Entity	0	InterestInControlledEntity
Applicable Insurance Contract	0	ApplicableInsuranceContract
Comply With Public Inspection Rqr	1	ComplyWithPublicInspectionRqr
Website Address	N/A	WebsiteAddress

Books In Care Of Business Name BooksInCareOfBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE FOUNDATION	BusinessNameLine1

Field	Value	IRS element (for citing)
Books In Care Of Phone Number	2123023300	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	C/O MGI REPETTI LLP500 FIFTH AVE	AddressLine1
Address Line2	5TH FL	AddressLine2
City	NEW YORK	City
State	NY	State
ZIP Code	10110	ZIPCode

Field	Value	IRS element (for citing)
Foreign Bank	0	ForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

Field	Value	IRS element (for citing)
Sale Or Exchange With Dsqfly Person	0	SaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly Person	0	BorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly Person	0	FurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly Person	0	PayCompensationToDsqflyPerson
Transfer Assets To Dsqfly Person	0	TransferAssetsToDsqflyPerson
Payment To Government Offical	0	PaymentToGovernmentOffical
Uncorrected Prior Acts	0	UncorrectedPriorActs
Undistributed Income Prior Years	0	UndistributedIncomePriorYears
Business Holdings	0	BusinessHoldings
Jeopardy Investments	0	JeopardyInvestments
Uncorrected Jeopardy Investments	0	UncorrectedJeopardyInvestments
Influence Legislation	0	InfluenceLegislation
Influence Election	0	InfluenceElection
Grants To Individuals	0	GrantsToIndividuals
Grants To Organizations	0	GrantsToOrganizations
Noncharitable Purpose	0	NoncharitablePurpose
Rcv Funds To Pay Prsnl Bnft Contract	0	RcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft Contract	0	PayPremiumsPrsnlBnftContract
Prohibited Tax Shelter Transactn	0	ProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (3 entries)

Address Line1USAddress/AddressLine1	Address Line2USAddress/AddressLine2	CityUSAddress/City	StateUSAddress/State	ZIP CodeUSAddress/ZIPCode	TitleTitle	Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition	CompensationCompensation	Contri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtc	Expense Account Other AllowancesExpenseAccountOtherAllowances
LILLIAN VERNON
C/O MGI REPETTI-500 5TH AVENUE 5TH	FLOOR	NEW YORK	NY	10110	TRUSTEE AS NEEDED	0.00	0	0	0
FRED HOCHBERG
40 FIFTH AVE APT 12A		NEW YORK	NY	10011	TRUSTEE AS NEEDED	0.00	0	0	0
DAVID HOCHBERG
C/O MGI REPETTI-500 5TH AVENUE 5TH	FLOOR	NEW YORK	NY	10110	TRUSTEE AS NEEDED	0.00	0	0	0

Field	Value	IRS element (for citing)
Comp Of Highest Paid Empl NONE	NONE	CompOfHighestPaidEmplNONE
Tot Number Of Oth Empl Paid Over50k	0	TotNumberOfOthEmplPaidOver50k
Comp Of Hghst Paid Cntrct NONE	NONE	CompOfHghstPaidCntrctNONE
Tot Number Of Cntrct Paid Over50k	0	TotNumberOfCntrctPaidOver50k

Sum Of Program Related Investments SumOfProgramRelatedInvestments

Field	Value	IRS element (for citing)
Total	0	Total

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	2978286	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	266507	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	418024	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	3662817	TotalFMVOfUnusedAssets
Reduction Claimed	0	ReductionClaimed
Acquisition Indebtedness	0	AcquisitionIndebtedness
Adj Total FMV Of Unused Assets	3662817	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	54942	CashDeemedCharitable
Net Noncharitable Assets	3607875	NetNoncharitableAssets
Minimum Investment Return	180394	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	180394	MinimumInvestmentReturn
Tax Based On Investment Income	167	TaxBasedOnInvestmentIncome
Total Tax	167	TotalTax
Distributable Amount Before Adj	180227	DistributableAmountBeforeAdj
Recoveries Qlfy Distributions	0	RecoveriesQlfyDistributions
Distributable Amount Before Ded	180227	DistributableAmountBeforeDed
Deduction Fr Distributable	$0	DeductionFrDistributableAmount
Distributable Amount As Adjusted	180227	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	325492	ExpensesAndContributions
Program Related Investments Total	0	ProgramRelatedInvestmentsTotal
Qualifying Distributions	325492	QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm	0	OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions	325492	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	180227	DistributableAmountAsAdjusted
Undistributed Income Prior Year	0	UndistributedIncomePriorYear
Total For Prior Years	0	TotalForPriorYears
Excess Distri Carryover Year5	138946	ExcessDistriCarryoverYear5
Excess Distri Carryover Year4	223118	ExcessDistriCarryoverYear4
Excess Distri Carryover Year3	279340	ExcessDistriCarryoverYear3
Excess Distri Carryover Year2	102634	ExcessDistriCarryoverYear2
Excess Distri Carryover Year1	231072	ExcessDistriCarryoverYear1
Total Excess Distri Carryover	975110	TotalExcessDistriCarryover
Qualifying Distributions	325492	QualifyingDistributions
Applied To Year1	0	AppliedToYear1
Applied To Prior Years	0	AppliedToPriorYears
Treated As Distri From Corpus	0	TreatedAsDistriFromCorpus
Applied To Current Year	180227	AppliedToCurrentYear
Remaining Distri From Corpus	145265	RemainingDistriFromCorpus
Excess Distri Cyov App CY Corpus	0	ExcessDistriCyovAppCYCorpus
Excess Distri Cyov Applied CY	0	ExcessDistriCyovAppliedCY
Total Corpus	1120375	TotalCorpus
Prior Year Undistributed Income	0	PriorYearUndistributedIncome
Prior Year Deficiency Or Tax	0	PriorYearDeficiencyOrTax
Taxable Amount1	0	TaxableAmount1
Taxable Amount2	0	TaxableAmount2
Undistributed Income CY	0	UndistributedIncomeCY
Distri From Corpus170b1 E Or4942g3	0	DistriFromCorpus170b1EOr4942g3
Excess Distri Cyov From Year5	138946	ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year	981429	ExcessDistriCyovToNextYear
Excess From Year4	223118	ExcessFromYear4
Excess From Year3	279340	ExcessFromYear3
Excess From Year2	102634	ExcessFromYear2
Excess From Year1	231072	ExcessFromYear1
Excess From Current Year	145265	ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Contributing Manager	LILLIAN VERNON	ContributingManager
Only Contributes To Preselected	X	OnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (19 entries)

Address Line1RecipientUSAddress/AddressLine1	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Recipient RelationshipRecipientRelationship	Recipient Foundation StatusRecipientFoundationStatus	Purpose Of Grant Or ContributionPurposeOfGrantOrContribution	AmountAmount
AMERICAN FARM SCHOOL
1133 BROADWAY SUITE 1226	NEW YORK	NY	10010	NONE	PUBLIC CHARITY	GENERAL SUPPORT	$1,000
AMERICAN FRIENDS OF THE ISRAEL PHIL
122 EAST 42ND STREET SUITE 4507	NEW YORK	NY	10168	NONE	PUBLIC CHARITY	GENERAL SUPPORT	$15,000
AMERICAN FRIENDS OF THE SALZBURG EASTER FEST
509 MADISON AVE SUITE 1710	NEW YORK	NY	10022	NONE	PUBLIC CHARITY	GENERAL SUPPORT	$5,000
CANINE LINK
FDR STATION PO BOX 921	NEW YORK	NY	12502	NONE	PUBLIC CHARITY	GENERAL SUPPORT	$500
CITY MEALS ON WHEELS
355 LEXINGTON AVENUE	NEW YORK	NY	10017	NONE	PUBLIC CHARITY	GENERAL SUPPORT	$72,000
COLLEGIATE CHORAL
115 EAST 57TH STREET 11TH FLOOR	NEW YORK	NY	10022	NONE	PUBLIC CHARITY	GENERAL SUPPORT	$12,500
CONTRIBUTION FROM PASSTHROUGH
1114 AVENUE OF AMERICAS 17TH FLOOR	NEW YORK	NY	10036	NONE	PUBLIC CHARITY	GENERAL SUPPORT	$41
CREATIVE TIME
59 E 4TH ST 6	NEW YORK	NY	10003	NONE	PUBLIC CHARITY	GENERAL SUPPORT	$2,500
FILM SOCIETY OF LINCOLN CENTER
70 LINCOLN CENTER PLZ 4	NEW YORK	NY	10023	NONE	PUBLIC CHARITY	GENERAL SUPPORT	$25,000
KAGENO
261 BROADWAY 10 D	NEW YORK	NY	10007	NONE	PUBLIC CHARITY	GENERAL SUPPORT	$18,800
LINCOLN CENTER
10 LINCOLN CENTER PLAZA	NEW YORK	NY	10023	NONE	PUBLIC CHARITY	GENERAL SUPPORT	$4,500
METROPOLITAN OPERA
LINCOLN CENTER PLAZA	NEW YORK	NY	10023	NONE	PUBLIC CHARITY	GENERAL SUPPORT	$38,000
MUSEUM OF ART AND DESIGN
2 COLUMBUS CIRCLE	NEW YORK	NY	10019	NONE	PUBLIC CHARITY	GENERAL SUPPORT	$4,000
NEW YORK UNIVERSITY
50 WEST 4TH STREET	NEW YORK	NY	10012	NONE	PUBLIC CHARITY	GENERAL SUPPORT	$100,000
OTHER CHARITIES
500 FIFTH AVENUE 5TH FLOOR	NEW YORK	NY	10110	NONE	PUBLIC CHARITY	GENERAL SUPPORT	$1,300
PAL SERVICES
11-02 QUEENS PLAZA SOUTH	NEW YORK	NY	11101	NONE	PUBLIC CHARITY	GENERAL SUPPORT	$500
RICHARD TUCKER MUSIC
162 WEST 56TH STREET SUITE 506	NEW YORK	NY	10019	NONE	PUBLIC CHARITY	GENERAL SUPPORT	$1,700
SANCTURY FOR FAMILIES
P O BOX 1406 WALL STREET STATION	NEW YORK	NY	10268	NONE	PUBLIC CHARITY	GENERAL SUPPORT	$1,000
THE ALFRED & SMITH MEMORIAL FOUNDATION
1011 FIRST AVENUE SUITE 1400	NEW YORK	NY	10022	NONE	PUBLIC CHARITY	GENERAL SUPPORT	$12,000

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	315341	TotGrantOrContriPaidDuringYear
Tot Grant Or Contri Approved Future	0	TotGrantOrContriApprovedFuture

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$29	ExclusionAmount

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$32,006	ExclusionAmount

Other Investment Income Part VII OtherInvestmentIncomePartVII

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$737	ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

Field	Value	IRS element (for citing)
Exclusion Code	18	ExclusionCode
Exclusion	-$56,483	ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Unrelated Business Income	$0	UnrelatedBusinessIncomeAmount
Exclusion	-$23,711	ExclusionAmount
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Part XVIA	-23711	TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Noncharitable EO	0	TrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EO	0	TrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of Assets	0	SalesOrExchangesOfAssets
Purchase Assets Noncharitable EO	0	PurchaseAssetsNoncharitableEO
Rental Of Facilities Etc	0	RentalOfFacilitiesEtc
Reimbursement Arrangements	0	ReimbursementArrangements
Loans Or Loan Guarantees	0	LoansOrLoanGuarantees
Performance Of Services Etc	0	PerformanceOfServicesEtc
Sharing Of Facilities Etc	0	SharingOfFacilitiesEtc
Relationships Noncharitable E Os	0	RelationshipsNoncharitableEOs

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

Field	Value	IRS element (for citing)
Category	MGI REPETTI LLP	Category
Amount	$15,227	Amount
Net Investment Income	5076	NetInvestmentIncome
Disbursements Charitable Prps	10151	DisbursementsCharitablePrps

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corp Bonds InvestmentsCorpBonds (5 entries)

Name Of BondNameOfBond	EOY Book ValueEOYBookValue	EOYFMVEOYFMV
13322.554 LOOMIS SAYLES BD-I	200000	198506
21400.231 NEUBERGER BERMAN HIGH INCOME BD-1	200000	199236
15221.675 TEMPLETON GLOBAL BD-ADV	200000	196512
16505.556 ANGEL OAK MULTI-STRAT INCM	200000	198067
1810 ISHARES CORE TOTAL US BOND MKT	199684	194050

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock (47 entries)

Name Of StockNameOfStock	EOY Book ValueEOYBookValue	EOYFMVEOYFMV
468 ALLERGAN, INC	23940	39424
1000 AMERICAN EXPRESS CO.	5243	74760
1500 AMC NETWORK INC. CLASS A - DEMERGE	0	97995
200 AMERIPRISE-DISTRIBUTION FROM AMEX	726	16176
40 ASCENT MEDIA CORP	236	3123
6000 CABLEVISION SYSTEMS	74211	100920
1000 CBS CORP	24560	48870
1500 CIRCOR INC.	55777	76290
2000 CRAZY WOMAN CREEK BANC	39920	21400
500 DEERE & CO.	3208	40625
1000 DIRECTV GROUP INC.	26602	61640
800 DISCOVERY COMMUNICATIONS INC - FROM LIBERTY MEDIA	2554	58805
1000 DISH NETWORK (FORMERLY )ECHOSTAR	24816	42520
200 ECHOSTAR HOLDING-SPINOFF	5239	7822
1000 FURMANITE CORPORATION*	3100	6690
1000 GRUPO TELEVISA SA	26570	24840
600 HONEYWELL INTERNATIONAL	22614	47604
3000 JOURNAL COMMUNICATIONS	23736	22470
600 LIBERTY GLOBAL INC. SER A (LBTYA)	3570	44094
1000 LIBERTY MEDIA CAP SER A	0	0
2000 LIBERTY MEDIA INTERACTIVE A (LINTA)	8728	46020
1000 LIN TV CORP	10852	15300
500 NAVISTAR INTERNATIONAL	4665	13880
1000 NEWS CORP LTD PFD	13041	32580
2000 OCEANEERING INTL	27575	144400
1800 PNM RESOURCES	22491	39942
6700 ROLLS ROYCE PLC	50275	113900
1000 ROWAN COMPANIES	38148	34070
600 SL INDUSTRIES INC.	6048	15048
800 SOUTHWEST GAS CORP	16486	37432
4000 SPRINT NEXTEL CORP	84477	28080
1250 TIME WARNER INC. NEW (REV SPLIT)	0	0
1033 VIVENDI SA	14806	19338
1000 WASTE MANAGEMENT	28680	40330
3000 WELLS FARGO	96663	123810
1000 ZEP INC.	13860	15830
2143 MADISON SQUARE GARDEN- DIST FROM CABLEVISION SYSTEMS	19594	126973
3000 BOULDER BRANDS INC (FKY SMART BALANCE INC)	17301	36150
1000 LAYNE CHRISTENSON CO	19100	19510
3000 THE PEP BOYS	26244	34740
2000 GENCORP INC	22506	32520
2000 WEATHERFORD INTERNATIONAL	26041	27400
700 BRINKS CO.	19850	17857
4000 STEWART ENTERPRISES	52210	52480
135 LIBERTY INTERACTIVE CORP LVNTA	1260	11476
1000 STARZ SERIES A (FKA LIBERTY MEDIA CORP SER A)	0	22100
1000 SANOFI- RECD AGST GENZYME CORP STOCK	0	1900

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOther (9 entries)

Category Or ItemCategoryOrItem	Listed At Cost Or FMVListedAtCostOrFMV	Book ValueBookValue	EOYFMVEOYFMV
1200 ENBRIDGE ENERGY PARTNERS	AT COST	0	0
1900 ENERGY TRANSFER PARTNERS LP	AT COST	0	0
GAMCO MEDICAL OPPORTUNITIES LP	AT COST	293762	265848
3000 NUSTAR GP HOLDINGS LLC	AT COST	0	0
1447 PLAINS ALL AMERICAN PIPELINE LP	AT COST	0	0
2400 REGENCY ENERGY PARTNERS LP	AT COST	0	0
300 STONEMOR PARTNERS LP	AT COST	0	0
4300 NAVIOUS MARITIME	AT COST	0	0
4200 VANGUARD NATURAL RESOURCES LLC	AT COST	0	0

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases OtherDecreases

Field	Value	IRS element (for citing)
Description	NONDEDUCTIBLE EXPENSES FROM PASSTHROUGH ENTITIES	Description
Amount	$175	Amount

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (2 entries)

DescriptionDescription	Revenue And Expenses Per BooksRevenueAndExpensesPerBooks	Net Investment IncomeNetInvestmentIncome	Disbursements Charitable PrpsDisbursementsCharitablePrps
INVESTMENT ADVISORY FEES	9968	9968	0
OTHER EXPENSE FROM K-1S	8527	8527	0

Other Income Schedule2 OtherIncomeSchedule2

Other Income OtherIncome (3 entries)

DescriptionDescription	Revenue And Expenses Per BooksRevenueAndExpensesPerBooks	Net Investment IncomeNetInvestmentIncome	Adjusted Net IncomeAdjustedNetIncome
CASH IN LIEU	41	41	41
CHASE MISC. INCOME	262	262	262
ORDINARY INCOME FROM K-1S	434	434	434

Other Increases Schedule OtherIncreasesSchedule

Other Increases OtherIncreases

Field	Value	IRS element (for citing)
Description	ADJUST BOOK TO TAX BASIS OF SECURITIES SOLD	Description
Amount	$281,393	Amount

Taxes Schedule TaxesSchedule

Taxes Taxes

Field	Value	IRS element (for citing)
Category	FOREIGN TAX PAID	Category
Amount	$847	Amount
Net Investment Income	847	NetInvestmentIncome
Disbursements Charitable Prps	0	DisbursementsCharitablePrps

LILLIAN VERNON FOUNDATION: Form 990PF, tax year 2012

Return header ReturnHeader

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Preparer Firm US Address PreparerFirmUSAddress

Filer Filer

Name Name

US Address USAddress

Officer Officer

Preparer Preparer

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Balance Sheets BalanceSheets

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo (91 entries)

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Statements Regarding Activities StatementsRegardingActivities

Books In Care Of Business Name BooksInCareOfBusinessName

Books In Care Of US Address BooksInCareOfUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (3 entries)

Sum Of Program Related Investments SumOfProgramRelatedInvestments

Minimum Investment Return MinimumInvestmentReturn

Distributable DistributableAmount

Qualifying Distributions QualifyingDistributions

Undistributed Income UndistributedIncome

Supplementary Information SupplementaryInformation

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (19 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Other Investment Income Part VII OtherInvestmentIncomePartVII

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

Subtotals Part XVIA SubtotalsPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corp Bonds InvestmentsCorpBonds (5 entries)

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock (47 entries)

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOther (9 entries)

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases OtherDecreases

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (2 entries)

Other Income Schedule2 OtherIncomeSchedule2

Other Income OtherIncome (3 entries)

Other Increases Schedule OtherIncreasesSchedule

Other Increases OtherIncreases

Taxes Schedule TaxesSchedule

Taxes Taxes

Comments