VALLEY FOUNDATION: Form 990PF, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- VALLEY FOUNDATION (EIN 94-1584547)
- Tax period
- 2012-10-01 to 2013-09-30
- Filed
- 2014-04-04
- IRS object ID
- 201410949349100016
- 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
- Depreciation Schedule
- Distribution From Corpus Election
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Land Etc Schedule2
- Other Assets Schedule
- Other Decreases 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) |
|---|---|---|
| Timestamp | 2014-04-04T19:54:57-05:00 | Timestamp |
| Tax Period End Date | 2013-09-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 271155496 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ROBERT LEE & ASSOCIATES LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 226 AIRPORT PARKWAY SUITE 350 | AddressLine1 |
| City | SAN JOSE | City |
| State | CA | State |
| ZIP Code | 95110 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2012-10-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 941584547 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE VALLEY FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | VALL | NameControl |
| Phone | 4083584545 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 16450 LOS GATOS BLVD NO 210 | AddressLine1 |
| City | LOS GATOS | City |
| State | CA | State |
| ZIP Code | 95032 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | PHILLIP R BOYCE | Name |
| Title | CHAIRMAN | Title |
| Phone | 4083584545 | Phone |
| Date Signed | 2014-03-31 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | NASI RAISSIAN | Name |
| PTIN | P01023106 | PTIN |
| Phone | 4088556770 | 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) |
|---|---|---|
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 61414106 | FMVAssetsEOY |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
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 | 29468 | InterestOnSavingsRevAndExpnss |
| Interest On Savings Net Invst Incm | 32077 | InterestOnSavingsNetInvstIncm |
| Dividends Rev And Expnss | 1985835 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 2019475 | DividendsNetInvstIncm |
| Net Gain Sale Assets Rev And Expnss | 1497547 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 8510898 | GrossSalesPrice |
| Capital Gain Net Incm Net Invst Incm | 1888252 | CapitalGainNetIncmNetInvstIncm |
| Other Income Net Invst Incm | 37665 | OtherIncomeNetInvstIncm |
| Total Revenue And Expenses | 3512850 | TotalRevenueAndExpenses |
| Total Net Investment Income | 3977469 | TotalNetInvestmentIncome |
| Comp Ofcr Dir Trst Rev And Expnss | 84000 | CompOfcrDirTrstRevAndExpnss |
| Comp Ofcr Dir Trst Net Invst Incm | 27720 | CompOfcrDirTrstNetInvstIncm |
| Comp Ofcr Dir Trst Dsbrs Chrtbl Prps | 27720 | CompOfcrDirTrstDsbrsChrtblPrps |
| Accounting Fees Rev And Expnss | 26275 | AccountingFeesRevAndExpnss |
| Accounting Fees Net Invst Incm | 8758 | AccountingFeesNetInvstIncm |
| Accounting Fees Dsbrs Chrtbl Prps | 8758 | AccountingFeesDsbrsChrtblPrps |
| Other Prof Fees Rev And Expnss | 223524 | OtherProfFeesRevAndExpnss |
| Other Prof Fees Net Invst Incm | 219332 | OtherProfFeesNetInvstIncm |
| Other Prof Fees Dsbrs Chrtbl Prps | 0 | OtherProfFeesDsbrsChrtblPrps |
| Taxes Rev And Expnss | 151741 | TaxesRevAndExpnss |
| Taxes Net Invst Incm | 0 | TaxesNetInvstIncm |
| Taxes Dsbrs Chrtbl Prps | 0 | TaxesDsbrsChrtblPrps |
| Deprec And Depletion Rev And Expnss | 8104 | DeprecAndDepletionRevAndExpnss |
| Deprec And Depletion Net Invst Incm | 0 | DeprecAndDepletionNetInvstIncm |
| Occupancy Rev And Expnss | 42000 | OccupancyRevAndExpnss |
| Occupancy Net Invst Incm | 14000 | OccupancyNetInvstIncm |
| Occupancy Dsbrs Chrtbl Prps | 14000 | OccupancyDsbrsChrtblPrps |
| Other Expenses Rev And Expnss | 91347 | OtherExpensesRevAndExpnss |
| Other Expenses Net Invst Incm | 64217 | OtherExpensesNetInvstIncm |
| Other Expenses Dsbrs Chrtbl Prps | 8121 | OtherExpensesDsbrsChrtblPrps |
| Tot Opr Expenses Rev And Expnss | 626991 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 334027 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 58599 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 0 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 1000000 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 626991 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 334027 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 1058599 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | 2885859 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 3643442 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | 8965882 | CashBOY |
| Cash EOY | 4442647 | CashEOY |
| Cash EOYFMV | 4442647 | CashEOYFMV |
| Accounts Receivable | 24867 | AccountsReceivable |
| Accounts Receivable BOY | 29512 | AccountsReceivableBOY |
| Accounts Receivable EOY | 24867 | AccountsReceivableEOY |
| Accounts Receivable EOYFMV | 24867 | AccountsReceivableEOYFMV |
| Prepaid Expenses EOY | 126214 | PrepaidExpensesEOY |
| Prepaid Expenses EOYFMV | 126214 | PrepaidExpensesEOYFMV |
| Investments Govt Oblig BOY | 13128775 | InvestmentsGovtObligBOY |
| Investments Govt Oblig EOY | 11041512 | InvestmentsGovtObligEOY |
| Investments Govt Oblig EOYFMV | 11041512 | InvestmentsGovtObligEOYFMV |
| Investments Corp Stock BOY | 30195459 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 41232798 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 41232798 | InvestmentsCorpStockEOYFMV |
| Investments Other BOY | 4857971 | InvestmentsOtherBOY |
| Investments Other EOY | 4546068 | InvestmentsOtherEOY |
| Investments Other EOYFMV | 4546068 | InvestmentsOtherEOYFMV |
| Land Building And Equipment Basis | 120210 | LandBuildingAndEquipmentBasis |
| Accum Deprec Land Bldg And Equip | 120210 | AccumDeprecLandBldgAndEquip |
| Land Building And Equipment BOY | 15830 | LandBuildingAndEquipmentBOY |
| Land Building And Equipment EOY | 0 | LandBuildingAndEquipmentEOY |
| Land Building And Equipment EOYFMV | 0 | LandBuildingAndEquipmentEOYFMV |
| Other Assets BOY | 27000 | OtherAssetsBOY |
| Other Assets EOY | 0 | OtherAssetsEOY |
| Other Assets EOYFMV | 0 | OtherAssetsEOYFMV |
| Total Assets BOY | 57220429 | TotalAssetsBOY |
| Total Assets EOY | 61414106 | TotalAssetsEOY |
| Total Assets EOYFMV | 61414106 | TotalAssetsEOYFMV |
| Grants Payable BOY | 2963000 | GrantsPayableBOY |
| Grants Payable EOY | 1987000 | GrantsPayableEOY |
| Other Liabilities BOY | 86445 | OtherLiabilitiesBOY |
| Other Liabilities EOY | 24000 | OtherLiabilitiesEOY |
| Total Liabilities BOY | 3049445 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 2011000 | TotalLiabilitiesEOY |
| Org That Follow SFAS117 | X | OrgThatFollowSFAS117 |
| Unrestricted BOY | 54170984 | UnrestrictedBOY |
| Unrestricted EOY | 59403106 | UnrestrictedEOY |
| Total Net Assets BOY | 54170984 | TotalNetAssetsBOY |
| Total Net Assets EOY | 59403106 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 57220429 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 61414106 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 54170984 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | 2885859 | ExcessOfRevenueOverExpenses |
| Other Increases | 2370263 | OtherIncreases |
| Subtotal | 59427106 | Subtotal |
| Other Decreases | 24000 | OtherDecreases |
| Total Net Assets Fund Balances EOY | 59403106 | TotalNetAssetsFundBalancesEOY |
Capital Gains And Losses CapitalGainsAndLosses
Capital Gains And Losses Info CapitalGainsAndLossesInfo (7 entries)
| Description Of AssetDescriptionOfAsset | Gross Sales PriceGrossSalesPrice | Cost Or Other BasisCostOrOtherBasis | Gain Or LossGainOrLoss | Gains Minus Excess Or LossesGainsMinusExcessOrLosses | How AcquiredHowAcquired |
|---|---|---|---|---|---|
| PUBLICLY TRADED SECURITIES | 8510898 | 7013351 | 1497547 | 1497547 | |
| LOWE REAL ESTATE INCOME AND GROWTH | 0 | 0 | P | ||
| ENDOWMENT VENTURE PARTNERS V LP | 78419 | 78419 | 78419 | P | |
| CAPITAL DYNAMICS REAL ESTATE | 13417 | 13417 | 13417 | P | |
| MARATHON-LONDON INTERNATIONAL | 8187 | 8187 | 8187 | P | |
| PORTFOLIO ADVISORS PRIVATE EQUITY FUND III LP | 211681 | 211681 | 211681 | P | |
| TIFF PARTNERS | 79001 | 79001 | 79001 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | 1888252 | CapitalGainNetIncome |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | 0 | LiableFor4942Tax |
| Qualifying Distributions Year1 | 120542 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 53456838 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 0.002255 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 4037857 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 55435030 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 0.072839 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 3719063 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 51989441 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 0.071535 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 3039922 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 47580069 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 0.063891 | DistributionRatioYear4 |
| Qualifying Distributions Year5 | 4859614 | QualifyingDistributionsYear5 |
| Noncharitable Assets Year5 | 68537096 | NoncharitableAssetsYear5 |
| Distribution Ratio Year5 | 0.070905 | DistributionRatioYear5 |
| Total Distribution Ratio | 0.281425 | TotalDistributionRatio |
| Average Distribution Ratio | 0.056285 | AverageDistributionRatio |
| Net Noncharitable Assets | 60417990 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 3400627 | AdjustedNoncharitableAssets |
| One Percent Net Investment Income | 36434 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 3437061 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 1058599 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 72869 | InvestmentIncomeExciseTax |
| Tax Under Section511 | 0 | TaxUnderSection511 |
| Subtotal | 72869 | Subtotal |
| Subtitle A Tax | 0 | SubtitleATax |
| Tax Based On Investment Income | 72869 | TaxBasedOnInvestmentIncome |
| Est Tax Payments And Overpayment | 189227 | EstTaxPaymentsAndOverpayment |
| Total Credits And Payments | 189227 | TotalCreditsAndPayments |
| Overpayment | 116358 | Overpayment |
| Amount Credited To Next Year | 116358 | 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 | CA | 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 | WWW.VALLEY.ORG | 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 | 4083584545 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 16450 LOS GATOS BLVD SUITE 210 | AddressLine1 |
| City | LOS GATOS | City |
| State | CA | State |
| ZIP Code | 95032 | 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 (6 entries)
| Address Line1USAddress/AddressLine1 | 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 |
|---|---|---|---|---|---|---|---|---|
| PHILLIP R BOYCE | ||||||||
| 16450 LOS GATOS BLVD NO 210 | LOS GATOS | CA | 95032 | CHAIRMAN | 1.00 | 14000 | 0 | 0 |
| DR RICHARD SIEVE | ||||||||
| 16450 LOS GATOS BLVD NO 210 | LOS GATOS | CA | 95032 | VICE CHAIRMAN | 0.50 | 14000 | 0 | 0 |
| DR HERBERT KAIN | ||||||||
| 16450 LOS GATOS BLVD NO 210 | LOS GATOS | CA | 95032 | SECRETARY | 1.00 | 14000 | 0 | 0 |
| DANIEL P DOORE | ||||||||
| 16450 LOS GATOS BLVD NO 210 | LOS GATOS | CA | 95032 | TREASURER | 2.00 | 14000 | 0 | 0 |
| JOSHEPH PARISI | ||||||||
| 16450 LOS GATOS BLVD NO 210 | LOS GATOS | CA | 95032 | TRUSTEE | 1.00 | 14000 | 0 | 0 |
| DR ARTHUR A BASHAM | ||||||||
| 16450 LOS GATOS BLVD NO 210 | LOS GATOS | CA | 95032 | TRUSTEE | 1.00 | 14000 | 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 |
Compensation Of Hghst Paid Cntrct CompensationOfHghstPaidCntrct (2 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | Type Of ServiceTypeOfService | CompensationCompensation |
|---|---|---|---|---|---|
| BEACAN POINT | |||||
| 500 NEWPORT CENTER DRIVE SUITE 125 | NEWPORT BEACH | CA | 92660 | INVESTMENT CONSULTING | 60580 |
| ENTERPRISE TRUST AND INVESTMENT CO | |||||
| 15425 LOS GATOS BLVD SUITE 150 | LOST GATOS | CA | 95032 | INVESTMENT CONSULTING | 58487 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 | 52274310 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 4442647 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 4621104 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 61338061 | TotalFMVOfUnusedAssets |
| Reduction Claimed | 0 | ReductionClaimed |
| Acquisition Indebtedness | 0 | AcquisitionIndebtedness |
| Adj Total FMV Of Unused Assets | 61338061 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 920071 | CashDeemedCharitable |
| Net Noncharitable Assets | 60417990 | NetNoncharitableAssets |
| Minimum Investment Return | 3020900 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 3020900 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 72869 | TaxBasedOnInvestmentIncome |
| Total Tax | 72869 | TotalTax |
| Distributable Amount Before Adj | 2948031 | DistributableAmountBeforeAdj |
| Recoveries Qlfy Distributions | 0 | RecoveriesQlfyDistributions |
| Distributable Amount Before Ded | 2948031 | DistributableAmountBeforeDed |
| Deduction Fr Distributable | $0 | DeductionFrDistributableAmount |
| Distributable Amount As Adjusted | 2948031 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 1058599 | ExpensesAndContributions |
| Program Related Investments Total | 0 | ProgramRelatedInvestmentsTotal |
| Qualifying Distributions | 1058599 | QualifyingDistributions |
| One Pct Sect4940e Org Net Invst Incm | 0 | OnePctSect4940eOrgNetInvstIncm |
| Adj Qualifying Distributions | 1058599 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 2948031 | DistributableAmountAsAdjusted |
| Undistributed Income Prior Year | 0 | UndistributedIncomePriorYear |
| Total For Prior Years | 0 | TotalForPriorYears |
| Excess Distri Carryover Year5 | 258261 | ExcessDistriCarryoverYear5 |
| Excess Distri Carryover Year4 | 3048546 | ExcessDistriCarryoverYear4 |
| Excess Distri Carryover Year3 | 3730797 | ExcessDistriCarryoverYear3 |
| Total Excess Distri Carryover | 7037604 | TotalExcessDistriCarryover |
| Qualifying Distributions | 1058599 | QualifyingDistributions |
| Applied To Year1 | 0 | AppliedToYear1 |
| Applied To Prior Years | 0 | AppliedToPriorYears |
| Treated As Distri From Corpus | 1058599 | TreatedAsDistriFromCorpus |
| Applied To Current Year | 0 | AppliedToCurrentYear |
| Remaining Distri From Corpus | 0 | RemainingDistriFromCorpus |
| Excess Distri Cyov App CY Corpus | 2948031 | ExcessDistriCyovAppCYCorpus |
| Excess Distri Cyov Applied CY | 2948031 | ExcessDistriCyovAppliedCY |
| Total Corpus | 5148172 | 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 | 0 | ExcessDistriCyovFromYear5 |
| Excess Distri Cyov To Next Year | 5148172 | ExcessDistriCyovToNextYear |
| Excess From Year4 | 358776 | ExcessFromYear4 |
| Excess From Year3 | 3730797 | ExcessFromYear3 |
| Excess From Current Year | 1058599 | ExcessFromCurrentYear |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TOWER FOUNDATION OF SJSU | BusinessNameLine1 |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE WASHINGTON SQUARE | AddressLine1 |
| City | SAN JOSE | City |
| State | CA | State |
| ZIP Code | 951920256 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | NONE | RecipientRelationship |
| Recipient Foundation Status | 501(C)(3) | RecipientFoundationStatus |
| Purpose Of Grant Or Contribution | GRANT TO PROMOTE THE ORGANIZATION'S CHARITABLE ACTIVITY | PurposeOfGrantOrContribution |
| Amount | $1,000,000 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 1000000 | 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 | $29,468 | ExclusionAmount |
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $1,985,835 | ExclusionAmount |
Other Investment Income Part VII OtherInvestmentIncomePartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Code | 900099 | BusinessCode |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Code | 900099 | BusinessCode |
| Unrelated Business Income | $1,497,547 | UnrelatedBusinessIncomeAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Income | $1,497,547 | UnrelatedBusinessIncomeAmount |
| Exclusion | $2,015,303 | ExclusionAmount |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 3512850 | 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 | ACCOUNTING | Category |
| Amount | $26,275 | Amount |
| Net Investment Income | 8758 | NetInvestmentIncome |
| Disbursements Charitable Prps | 8758 | DisbursementsCharitablePrps |
Depreciation Schedule DepreciationSchedule
Depreciation Depreciation (14 entries)
| Description Of PropertyDescriptionOfProperty | Date AcquiredDateAcquired | Cost Or Other BasisCostOrOtherBasis | Prior Years DepreciationPriorYearsDepreciation | Computation MethodComputationMethod | LifeLife | Current Year ExpenseCurrentYearExpense | Net Investment IncomeNetInvestmentIncome |
|---|---|---|---|---|---|---|---|
| DELL FLAT PANEL MONITORS (2) | 2005-03-31 | 1186 | 1106 | SL | 5.000000000000 | 80 | 0 |
| DELL 3400MP PROJECTOR | 2006-03-31 | 1272 | 1228 | SL | 5.000000000000 | 44 | 0 |
| DELL LAT D620, T2300 COMPUTER | 2006-03-31 | 1314 | 1271 | SL | 5.000000000000 | 43 | 0 |
| 2 PHONE SYSTEM AND INSTALLATION | 2008-02-01 | 5503 | 4738 | SL | 5.500000000000 | 765 | 0 |
| NETWORK UPGRADES AND INSTALLATION | 2009-03-01 | 15282 | 10951 | SL | 5.000000000000 | 4331 | 0 |
| MAC BOOK PRO | 2009-01-01 | 4809 | 3607 | SL | 5.000000000000 | 1202 | 0 |
| COMPUTERS | 1995-01-01 | 14555 | 14555 | SL | 5.000000000000 | 0 | 0 |
| OFFICE FURNITURE | 1995-01-01 | 33659 | 33659 | SL | 5.000000000000 | 0 | 0 |
| COMPUTERS | 1998-01-01 | 7197 | 7197 | SL | 5.000000000000 | 0 | 0 |
| COMPUTERS | 2002-01-01 | 1079 | 1079 | SL | 5.000000000000 | 0 | 0 |
| COMPUTERS | 2002-01-01 | 1289 | 1289 | SL | 5.000000000000 | 0 | 0 |
| EGRANT LICNESE FEES SOFTWARE | 2004-01-01 | 3900 | 3900 | SL | 3.000000000000 | 0 | 0 |
| COMPUTERS | 2010-01-15 | 19665 | 18026 | SL | 3.000000000000 | 1639 | 0 |
| WEBSITE DEVELOPMENT | 2010-03-15 | 9500 | 9500 | SL | 2.160000000000 | 0 | 0 |
Distribution From Corpus Election DistributionFromCorpusElection
| Field | Value | IRS element (for citing) |
|---|---|---|
| Election | PURSUANT TO IRC SEC. 4942(H) (2) AND REG. 53.4942 (A)-3 (D) (2), THE VALLEY FOUNDATION HEREBY ELECTS TO TREAT CURRENT YEAR QUALIFYING DISTRIBUTIONS IN EXCESS OF THE IMMEDIATELY PRECEDING TAX YEAR'S UNDISTRIBUTED INCOME AND THE AMOUNT NEEDED TO SATISFY THE CURRENT YEAR DISTRIBUTION REQUIREMENTS AS BEING MADE OUT OF CORPUS. | Election |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corp Stock InvestmentsCorpStock
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Stock | CORPORATE STOCK | NameOfStock |
| EOY Book Value | 41232798 | EOYBookValue |
| EOYFMV | 41232798 | EOYFMV |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Securities EOY Book Value | 11041512 | USGovtSecuritiesEOYBookValue |
| US Govt Securities EOYFMV | 11041512 | USGovtSecuritiesEOYFMV |
| State Local Securities EOY Book Val | 0 | StateLocalSecuritiesEOYBookVal |
| State Local Securities EOYFMV | 0 | StateLocalSecuritiesEOYFMV |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | PARTNERSHIPS | CategoryOrItem |
| Listed At Cost Or FMV | FMV | ListedAtCostOrFMV |
| Book Value | 4546068 | BookValue |
| EOYFMV | 4546068 | EOYFMV |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtc (14 entries)
| Category Or ItemCategoryOrItem | Cost Or Other BasisCostOrOtherBasis | Accumulated DepreciationAccumulatedDepreciation | Book ValueBookValue | EOYFMVEOYFMV |
|---|---|---|---|---|
| DELL FLAT PANEL MONITORS (2) | 1186 | 1186 | 0 | 0 |
| DELL 3400MP PROJECTOR | 1272 | 1272 | 0 | 0 |
| DELL LAT D620, T2300 COMPUTER | 1314 | 1314 | 0 | 0 |
| 2 PHONE SYSTEM AND INSTALLATION | 5503 | 5503 | 0 | 0 |
| NETWORK UPGRADES AND INSTALLATION | 15282 | 15282 | 0 | 0 |
| MAC BOOK PRO | 4809 | 4809 | 0 | 0 |
| COMPUTERS | 14555 | 14555 | 0 | 0 |
| OFFICE FURNITURE | 33659 | 33659 | 0 | 0 |
| COMPUTERS | 7197 | 7197 | 0 | 0 |
| COMPUTERS | 1079 | 1079 | 0 | 0 |
| COMPUTERS | 1289 | 1289 | 0 | 0 |
| EGRANT LICNESE FEES SOFTWARE | 3900 | 3900 | 0 | 0 |
| COMPUTERS | 19665 | 19665 | 0 | 0 |
| WEBSITE DEVELOPMENT | 9500 | 9500 | 0 | 0 |
Other Assets Schedule OtherAssetsSchedule
Other Assets OtherAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | DEFERRED FEDERAL EXCISE TAXES | Description |
| BOY Book Value | 27000 | BOYBookValue |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases OtherDecreases
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | DISOCUNT ON GRANTS TO BE PAID IN FUTURE YEARS | Description |
| Amount | $24,000 | Amount |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (8 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Net Investment IncomeNetInvestmentIncome | Disbursements Charitable PrpsDisbursementsCharitablePrps |
|---|---|---|---|
| INSURANCE | 8561 | 0 | 0 |
| WEBSITE/SOFTWARE | 11460 | 5730 | 5730 |
| COMPUTERS/OFFICE EQUIPMENT | 2397 | 0 | 1198 |
| TELEPHONE/INTERNET | 2387 | 0 | 1193 |
| MISCELLANEOUS | 78 | 0 | 0 |
| REGISTRATIONS | 251 | 0 | 0 |
| FIDUCIARY FEES | 58487 | 58487 | 0 |
| LOSS ON DISPOSAL OF EQUIPMENT | 7726 | 0 | 0 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases OtherIncreases
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | UNREALIZED GAINS ON INVESTMENTS | Description |
| Amount | $2,370,263 | Amount |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | BOY Book ValueBOYBookValue | EOY Book ValueEOYBookValue |
|---|---|---|
| FEDERAL EXCISE TAXES PAYABLE | 86445 | 0 |
| DEFERRED FEDERAL EXCISE TAXES | 0 | 24000 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees OtherProfessionalFees (10 entries)
| CategoryCategory | AmountAmount | Net Investment IncomeNetInvestmentIncome | Disbursements Charitable PrpsDisbursementsCharitablePrps |
|---|---|---|---|
| MANAGEMENT FEES - KALMAR | $23,388 | 23388 | 0 |
| MANAGEMENT FEES - BEACAN POINT | $60,580 | 60580 | 0 |
| MANAGEMENT FEES - STRALEM & COMPANY | $29,116 | 29116 | 0 |
| MANAGEMENT FEES - VAUGHN NELSON | $7,343 | 7343 | 0 |
| MANAGEMENT FEES - DENVER ASSETS | $24,729 | 24729 | 0 |
| MANAGEMENT FEES - ST. JAMES | $17,841 | 17841 | 0 |
| MANAGEMENT FEES - SECURITY MGMT | $21,276 | 21276 | 0 |
| MANAGEMENT FEES - SARATOGA RESEARCH | $16,818 | 16818 | 0 |
| MANAGEMENT FEES - FIDUCIARY MANAGEMENT | $18,241 | 18241 | 0 |
| CONSULTING | $4,192 | 0 | 0 |
Taxes Schedule TaxesSchedule
Taxes Taxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | EXCISE TAX EXPENSE | Category |
| Amount | $151,741 | Amount |
| Net Investment Income | 0 | NetInvestmentIncome |
| Disbursements Charitable Prps | 0 | DisbursementsCharitablePrps |
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