CGLC CHARITABLE TR: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: CGLC CHARITABLE TR (EIN 27-6565175)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-08-12
IRS object ID: 201332249349101058
Schema version: 2012v2.2
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
General Explanation Attachment
Liquidation Explanation Stmt

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-08-12T07:19:06-00:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Foundation Source	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	One Hollow Lane Suite 212	AddressLine1
City	Lake Success	City
State	NY	State
ZIP Code	11042	ZIPCode

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

Filer Filer

Field	Value	IRS element (for citing)
EIN	276565175	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	CGLC Charitable Trust	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	CGLC	NameControl
Phone	8008391754	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	Foundation Source 501 Silverside Rd	AddressLine1
City	Wilmington	City
State	DE	State
ZIP Code	198091377	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	Dale C Rosenbaum	Name
Title	Trustee	Title
Date Signed	2013-08-12	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	Jeffrey D Haskell	Name
Phone	8008391754	Phone
Date Prepared	2013-08-12	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Address Change	X	AddressChange
Exempt PF	X	ExemptPF
FMV Assets EOY	9477425	FMVAssetsEOY
Method Of Accounting Cash	X	MethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Received Rev And Expnss	7000000	ContriReceivedRevAndExpnss
Interest On Savings Rev And Expnss	1302	InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm	1302	InterestOnSavingsNetInvstIncm
Capital Gain Net Incm Net Invst Incm	0	CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses	7001302	TotalRevenueAndExpenses
Total Net Investment Income	1302	TotalNetInvestmentIncome
Tot Opr Expenses Rev And Expnss	0	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	0	TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	0	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	5375000	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	5375000	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	5375000	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	0	TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps	5375000	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	1626302	ExcessOfRevenueOverExpenses
Net Investment Income	1302	NetInvestmentIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Savings And Temp Cash Invst BOY	7851123	SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY	9477425	SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV	9477425	SavingsAndTempCashInvstEOYFMV
Total Assets BOY	7851123	TotalAssetsBOY
Total Assets EOY	9477425	TotalAssetsEOY
Total Assets EOYFMV	9477425	TotalAssetsEOYFMV
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Do Not Follow SFAS117	X	OrgThatDoNotFollowSFAS117
Retained Earnings BOY	7851123	RetainedEarningsBOY
Retained Earnings EOY	9477425	RetainedEarningsEOY
Total Net Assets BOY	7851123	TotalNetAssetsBOY
Total Net Assets EOY	9477425	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	7851123	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	9477425	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	7851123	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	1626302	ExcessOfRevenueOverExpenses
Subtotal	9477425	Subtotal
Total Net Assets Fund Balances EOY	9477425	TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	false	LiableFor4942Tax
Qualifying Distributions Year1	5150000	QualifyingDistributionsYear1
Noncharitable Assets Year1	12806106	NoncharitableAssetsYear1
Distribution Ratio Year1	000.402152	DistributionRatioYear1
Total Distribution Ratio	000.402152	TotalDistributionRatio
Average Distribution Ratio	000.201076	AverageDistributionRatio
Net Noncharitable Assets	10581232	NetNoncharitableAssets
Adjusted Noncharitable Assets	2127632	AdjustedNoncharitableAssets
One Percent Net Investment Income	13	OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One	2127645	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	5375000	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	X	DomesticOrgMeetingSect4940e
Investment Income Excise Tax	13	InvestmentIncomeExciseTax
Subtotal	13	Subtotal
Tax Based On Investment Income	13	TaxBasedOnInvestmentIncome
Tax Paid With Extension	26	TaxPaidWithExtension
Total Credits And Payments	26	TotalCreditsAndPayments
Tax Paid Original Return	26	TaxPaidOriginalReturn
Overpayment	13	Overpayment
Amount Credited To Next Year	13	AmountCreditedToNextYear

Statements Regarding Activities StatementsRegardingActivities

Field	Value	IRS element (for citing)
Legislative Political Activities	false	LegislativePoliticalActivities
More Than100 Spent	false	MoreThan100Spent
Form1120 POL Filed	false	Form1120POLFiled
Activities Not Prev Reported	false	ActivitiesNotPrevReported
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylaws
Unrelated Bus Income Over1000	false	UnrelatedBusIncomeOver1000
Termination Etc	true	TerminationEtc
Requirements Of Sect508e	true	RequirementsOfSect508e
At Least5000 In Assets	true	AtLeast5000InAssets
Form990 PF Filed With AG	true	Form990PFFiledWithAG
Private Operating Foundation	false	PrivateOperatingFoundation
New Substantial Contributors	false	NewSubstantialContributors
Interest In Controlled Entity	false	InterestInControlledEntity
Applicable Insurance Contract	true	ApplicableInsuranceContract
Comply With Public Inspection Rqr	true	ComplyWithPublicInspectionRqr

Books In Care Of Business Name BooksInCareOfBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	co Foundation Source	BusinessNameLine1

Field	Value	IRS element (for citing)
Books In Care Of Phone Number	8008391754	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	501 Silverside Road Suite 123	AddressLine1
City	Wilmington	City
State	DE	State
ZIP Code	198091377	ZIPCode

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

Statements Regarding Acty4720 StatementsRegardingActy4720

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

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee

Field	Value	IRS element (for citing)
Person Name	Dale C Rosenbloom	PersonName

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	Foundation Source 501 Silverside Rd	AddressLine1
City	Wilmington	City
State	DE	State
ZIP Code	19809	ZIPCode

Field	Value	IRS element (for citing)
Title	Pres / Trustee	Title
Avg Hours Per Wk Devoted To Position	001.00	AvgHoursPerWkDevotedToPosition
Compensation	0	Compensation

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	0	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	10742368	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	0	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	10742368	TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets	10742368	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	161136	CashDeemedCharitable
Net Noncharitable Assets	10581232	NetNoncharitableAssets
Minimum Investment Return	529062	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	529062	MinimumInvestmentReturn
Tax Based On Investment Income	13	TaxBasedOnInvestmentIncome
Total Tax	13	TotalTax
Distributable Amount Before Adj	529049	DistributableAmountBeforeAdj
Distributable Amount Before Ded	529049	DistributableAmountBeforeDed
Distributable Amount As Adjusted	529049	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	5375000	ExpensesAndContributions
Qualifying Distributions	5375000	QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm	13	OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions	5374987	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	529049	DistributableAmountAsAdjusted
Excess Distri Carryover Year1	4509717	ExcessDistriCarryoverYear1
Total Excess Distri Carryover	4509717	TotalExcessDistriCarryover
Qualifying Distributions	5375000	QualifyingDistributions
Applied To Current Year	529049	AppliedToCurrentYear
Remaining Distri From Corpus	4845951	RemainingDistriFromCorpus
Total Corpus	9355668	TotalCorpus
Undistributed Income CY	0	UndistributedIncomeCY
Excess Distri Cyov To Next Year	9355668	ExcessDistriCyovToNextYear
Excess From Year1	4509717	ExcessFromYear1
Excess From Current Year	4845951	ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Contributing Manager	NONE	ContributingManager
Only Contributes To Preselected	X	OnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (8 entries)

Address Line1RecipientUSAddress/AddressLine1	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Recipient RelationshipRecipientRelationship	Recipient Foundation StatusRecipientFoundationStatus	Purpose Of Grant Or ContributionPurposeOfGrantOrContribution	AmountAmount
FEEDING AMERICA
35 E WACKER DR	CHICAGO	IL	60601	N/A	509a1	General Unrestricted	$200,000
FULFILLMENT FUND
6100 WILSHIRE BLVD STE 600	LOS ANGELES	CA	90048	N/A	509a1	General Unrestricted	$50,000
INNER-CITY ARTS
720 KOHLER ST	LOS ANGELES	CA	90021	N/A	509a1	General Unrestricted	$5,000
JEWISH VOCATIONAL SERVICE
6505 WILSHIRE BLVD STE 700	LOS ANGELES	CA	90048	N/A	509a1	General Unrestricted	$25,000
ST ROCH CATHOLIC CHURCH
6052 WATERMAN BLVD	SAINT LOUIS	MO	63112	N/A	509a1	General Unrestricted	$20,000
THE UCLA FOUNDATION
10920 WILSHIRE BLVD STE 900	LOS ANGELES	CA	90024	N/A	509a1	UCLA Dream Fund	$5,000,000
URBAN FARMING
19785 W 12 MILE RD STE 537	SOUTHFIELD	MI	48076	N/A	509a1	General Unrestricted	$25,000
USC SCHOOL OF THEATRE
1014 CHILDS WAY STE 100C	LOS ANGELES	CA	90089	N/A	509a1	General Unrestricted	$50,000

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	5375000	TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$1,302	ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Exclusion	$1,302	ExclusionAmount

Field	Value	IRS element (for citing)
Total Part XVIA	1302	TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

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

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	X	Organization501c3ExemptPF
General Rule	X	GeneralRule

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	1	ContributorNumber
Contributor Name Individual	Georgia Frontiere Trust	ContributorNameIndividual

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	10271 West Pico Blvd	AddressLine1
City	Los Angeles	City
State	CA	State
ZIP Code	90064	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	7000000	AggregateContributions
Person Contribution Type	X	PersonContributionType

General Explanation Attachment GeneralExplanationAttachment

Liquidation Explanation Stmt LiquidationExplanationStmt

Field	Value	IRS element (for citing)
Statement	This statement is submitted to report the distribution of certain assets during the above-referenced year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3a1 and the Form 990-PF instructions During the taxable year ending December 31, 2012, CGLC Charitable Trust the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled 5,375,000. This amount represents over 25 of the Foundations net assets of 7,851,123 as measured by fair market value at the beginning of the Foundations taxable year ending December 31, 2012. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a each such grant was made solely for the charitable purpose specified therein.	Statement

Comments