PALETTE FUND INC: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: PALETTE FUND INC (EIN 26-2736653)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-11-15
IRS object ID: 201333199349101128
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
Schedule B
Depreciation Schedule
Investments Other Schedule2
Land Etc Schedule2
Other Expenses Schedule
Other Income Schedule2
Other Notes Loans Rcvbl Short Sch2
Other Professional Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-11-15T11:13:15-06:00	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	Tarlow & Co CPA's	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	7 Penn Plaza Suite 210	AddressLine1
City	New York	City
State	NY	State
ZIP Code	10001	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	262736653	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	THE PALETTE FUND INC	BusinessNameLine1

Field	Value	IRS element (for citing)
In Care Of Name	% TERRENCE MECK	InCareOfName
Name Control	PALE	NameControl
Phone	6468613292	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1201 BROADWAY	AddressLine1
Address Line2	Suite 504	AddressLine2
City	NEW YORK	City
State	NY	State
ZIP Code	10001	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	TERRENCE MECK	Name
Title	PRESIDENT	Title
Phone	6468613292	Phone
Date Signed	2013-11-15	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	Brian K Stein	Name
Phone	2126978540	Phone

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-25 16:41:14Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Address Change	X	AddressChange
Exempt PF	X	ExemptPF
FMV Assets EOY	20912442	FMVAssetsEOY
Method Of Accounting Cash	X	MethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Received Rev And Expnss	4201246	ContriReceivedRevAndExpnss
Interest On Savings Rev And Expnss	350	InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm	350	InterestOnSavingsNetInvstIncm
Interest On Savings Adj Net Incm	350	InterestOnSavingsAdjNetIncm
Dividends Rev And Expnss	691273	DividendsRevAndExpnss
Dividends Net Invst Incm	691273	DividendsNetInvstIncm
Dividends Adj Net Incm	691273	DividendsAdjNetIncm
Net Gain Sale Assets Rev And Expnss	380856	NetGainSaleAssetsRevAndExpnss
Gross Sales Price	7249438	GrossSalesPrice
Capital Gain Net Incm Net Invst Incm	380856	CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses	5273725	TotalRevenueAndExpenses
Total Net Investment Income	1072479	TotalNetInvestmentIncome
Total Adjusted Net Income	691623	TotalAdjustedNetIncome
Comp Ofcr Dir Trst Rev And Expnss	103077	CompOfcrDirTrstRevAndExpnss
Comp Ofcr Dir Trst Dsbrs Chrtbl Prps	103077	CompOfcrDirTrstDsbrsChrtblPrps
Oth Empl Slrs Wgs Rev And Expnss	135404	OthEmplSlrsWgsRevAndExpnss
Oth Empl Slrs Wgs Dsbrs Chrtbl Prps	101539	OthEmplSlrsWgsDsbrsChrtblPrps
Pension Empl Bnft Rev And Expnss	21211	PensionEmplBnftRevAndExpnss
Pension Empl Bnft Dsbrs Chrtbl Prps	18346	PensionEmplBnftDsbrsChrtblPrps
Legal Fees Rev And Expnss	2404	LegalFeesRevAndExpnss
Legal Fees Net Invst Incm	0	LegalFeesNetInvstIncm
Legal Fees Adj Net Incm	0	LegalFeesAdjNetIncm
Legal Fees Dsbrs Chrtbl Prps	2404	LegalFeesDsbrsChrtblPrps
Accounting Fees Rev And Expnss	14335	AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm	11500	AccountingFeesNetInvstIncm
Accounting Fees Adj Net Incm	0	AccountingFeesAdjNetIncm
Accounting Fees Dsbrs Chrtbl Prps	2835	AccountingFeesDsbrsChrtblPrps
Other Prof Fees Rev And Expnss	189737	OtherProfFeesRevAndExpnss
Other Prof Fees Net Invst Incm	69467	OtherProfFeesNetInvstIncm
Other Prof Fees Dsbrs Chrtbl Prps	120270	OtherProfFeesDsbrsChrtblPrps
Taxes Rev And Expnss	34218	TaxesRevAndExpnss
Taxes Net Invst Incm	8601	TaxesNetInvstIncm
Taxes Dsbrs Chrtbl Prps	23541	TaxesDsbrsChrtblPrps
Deprec And Depletion Rev And Expnss	22542	DeprecAndDepletionRevAndExpnss
Occupancy Rev And Expnss	11390	OccupancyRevAndExpnss
Occupancy Dsbrs Chrtbl Prps	11390	OccupancyDsbrsChrtblPrps
Trav Conf Meeting Rev And Expnss	57805	TravConfMeetingRevAndExpnss
Trav Conf Meeting Dsbrs Chrtbl Prps	57805	TravConfMeetingDsbrsChrtblPrps
Other Expenses Rev And Expnss	134359	OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm	26098	OtherExpensesNetInvstIncm
Other Expenses Dsbrs Chrtbl Prps	108261	OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss	726482	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	115666	TotOprExpensesNetInvstIncm
Tot Opr Expenses Adj Net Incm	0	TotOprExpensesAdjNetIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	549468	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	944205	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	944205	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	1670687	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	115666	TotalExpensesNetInvstIncm
Total Expenses Adj Net Incm	0	TotalExpensesAdjNetIncm
Total Expenses Dsbrs Chrtbl Prps	1493673	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	3603038	ExcessOfRevenueOverExpenses
Net Investment Income	956813	NetInvestmentIncome
Adjusted Net Income	691623	AdjustedNetIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Cash BOY	24326	CashBOY
Cash EOY	34395	CashEOY
Cash EOYFMV	34396	CashEOYFMV
Savings And Temp Cash Invst BOY	829622	SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY	1702514	SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV	1702514	SavingsAndTempCashInvstEOYFMV
Other Notes And Loans Receivable	3095647	OtherNotesAndLoansReceivable
Other Notes And Loans Rcvbl EOY	3095647	OtherNotesAndLoansRcvblEOY
Other Notes And Loans Rcvbl EOYFMV	3095647	OtherNotesAndLoansRcvblEOYFMV
Investments Corp Stock BOY	5155511	InvestmentsCorpStockBOY
Investments Corp Stock EOY	4723568	InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV	4891266	InvestmentsCorpStockEOYFMV
Investments Corp Bonds BOY	5569383	InvestmentsCorpBondsBOY
Investments Corp Bonds EOY	4945944	InvestmentsCorpBondsEOY
Investments Corp Bonds EOYFMV	5291893	InvestmentsCorpBondsEOYFMV
Investments Other BOY	4858972	InvestmentsOtherBOY
Investments Other EOY	5546390	InvestmentsOtherEOY
Investments Other EOYFMV	5896726	InvestmentsOtherEOYFMV
Land Building And Equipment Basis	891590	LandBuildingAndEquipmentBasis
Accum Deprec Land Bldg And Equip	65440	AccumDeprecLandBldgAndEquip
Land Building And Equipment BOY	833756	LandBuildingAndEquipmentBOY
Land Building And Equipment EOY	826150	LandBuildingAndEquipmentEOY
Total Assets BOY	17271570	TotalAssetsBOY
Total Assets EOY	20874608	TotalAssetsEOY
Total Assets EOYFMV	20912442	TotalAssetsEOYFMV
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Follow SFAS117	X	OrgThatFollowSFAS117
Unrestricted BOY	17271570	UnrestrictedBOY
Unrestricted EOY	20874608	UnrestrictedEOY
Total Net Assets BOY	17271570	TotalNetAssetsBOY
Total Net Assets EOY	20874608	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	17271570	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	20874608	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	17271570	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	3603038	ExcessOfRevenueOverExpenses
Subtotal	20874608	Subtotal
Total Net Assets Fund Balances EOY	20874608	TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo (15 entries)

Description Of AssetDescriptionOfAsset	How AcquiredHowAcquired	Date AcquiredDateAcquired	Date SoldDateSold	Gross Sales PriceGrossSalesPrice	Cost Or Other BasisCostOrOtherBasis	Gain Or LossGainOrLoss	Gains Minus Excess Or LossesGainsMinusExcessOrLosses
MORGAN STANLEY ST 004 H09FK0- SEE ATTACHMENTS	P	2012-01-13	2012-12-07	178030	172275	5755	5755
MORGAN STANLEY LT 004 H09FK0- SEE ATTACHMENTS	P	2011-01-01	2012-12-31	417593	396162	21431	21431
MORGAN STANLEY ST 0A9 783992- SEE ATTACHMENTS	P	2012-01-01	2012-12-31	503584	488787	14797	14797
MORGAN STANLEY LT 0A9 783992- SEE ATTACHMENTS	P	2011-01-01	2012-12-31	3382692	3243576	139116	139116
MORGAN STANLEY ST 014963- SEE ATTACHMENTS	P	2012-01-01	2012-12-31	10	10
MORGAN STANLEY LT 014963- SEE ATTACHMENTS	P	2011-01-01	2012-12-31	18209	11146	7063	7063
MORGAN STANLEY LT 014425- SEE ATTACHMENTS	P	2011-01-01	2012-12-31	735012	532173	202839	202839
MORGAN STANLEY ST 014962- SEE ATTACHMENTS	P	2012-01-01	2012-12-31	115805	118498	-2693	-2693
MORGAN STANLEY ST 014962- SEE ATTACHMENTS	P	2012-01-01	2012-12-31	1887	2228	-341	-341
MORGAN STANLEY LT 014962- SEE ATTACHMENTS	P	2011-01-01	2012-12-31	37607	47020	-9413	-9413
MORGAN STANLEY LT 014962- SEE ATTACHMENTS	P	2011-01-01	2012-12-31	307682	370892	-63210	-63210
MORGAN STANLEY ST 016428- SEE ATTACHMENTS	P	2012-01-01	2012-12-31	56708	67874	-11166	-11166
WELLS FARGO LT 9742- SEEE ATTACHMENTS	P	2011-01-01	2012-12-31	1098227	1130416	-32189	-32189
WELLS FARGO ST 9742- SEEE ATTACHMENTS	P	2012-01-01	2012-12-31	188036	185754	2282	2282
WELLS FARGO ST 9742- SEEE ATTACHMENTS	P	2012-01-01	2012-12-31	99788	101771	-1983	-1983

Field	Value	IRS element (for citing)
Capital Gain Net Income	380856	CapitalGainNetIncome

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	false	LiableFor4942Tax
Qualifying Distributions Year1	1477353	QualifyingDistributionsYear1
Noncharitable Assets Year1	17983257	NoncharitableAssetsYear1
Distribution Ratio Year1	0.082152	DistributionRatioYear1
Qualifying Distributions Year2	1111688	QualifyingDistributionsYear2
Noncharitable Assets Year2	13562196	NoncharitableAssetsYear2
Distribution Ratio Year2	0.08197	DistributionRatioYear2
Qualifying Distributions Year3	394692	QualifyingDistributionsYear3
Noncharitable Assets Year3	7324506	NoncharitableAssetsYear3
Distribution Ratio Year3	0.053887	DistributionRatioYear3
Qualifying Distributions Year4	35665	QualifyingDistributionsYear4
Noncharitable Assets Year4	616454	NoncharitableAssetsYear4
Distribution Ratio Year4	0.057855	DistributionRatioYear4
Total Distribution Ratio	0.275864	TotalDistributionRatio
Average Distribution Ratio	0.068966	AverageDistributionRatio
Net Noncharitable Assets	18369423	NetNoncharitableAssets
Adjusted Noncharitable Assets	1266866	AdjustedNoncharitableAssets
One Percent Net Investment Income	9568	OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One	1276434	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	1493673	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	X	DomesticOrgMeetingSect4940e
Investment Income Excise Tax	9568	InvestmentIncomeExciseTax
Subtotal	9568	Subtotal
Tax Based On Investment Income	9568	TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment	12343	EstTaxPaymentsAndOverpayment
Total Credits And Payments	12343	TotalCreditsAndPayments
Overpayment	2775	Overpayment
Amount Credited To Next Year	2775	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	false	TerminationEtc
Requirements Of Sect508e	true	RequirementsOfSect508e
At Least5000 In Assets	true	AtLeast5000InAssets
States Filed With	NY	StatesFiledWith
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	false	ApplicableInsuranceContract
Comply With Public Inspection Rqr	true	ComplyWithPublicInspectionRqr
Website Address	WWW.THEPALETTEFUND.ORG	WebsiteAddress

Books In Care Of Business Name BooksInCareOfBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	TERRENCE MECK	BusinessNameLine1

Field	Value	IRS element (for citing)
Books In Care Of Phone Number	6468613292	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	1201 BROADWAY SUITE 504	AddressLine1
City	NEW YORK	City
State	NY	State
ZIP Code	10001	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
Undistr Income4942a2 Not Applied	false	UndistrIncome4942a2NotApplied
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
Rcv Funds To Pay Prsnl Bnft Contract	false	RcvFundsToPayPrsnlBnftContract
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 (2 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
TERRENCE MECK
1201 BROADWAY	NEW YORK	NY	10001	PRESIDENT	40.0	103077	10385
PETER BENASSI
1201 BROADWAY	NEW YORK	NY	10001	DIRECTOR	2.0	0

Compensation Of Highest Paid Empl CompensationOfHighestPaidEmpl

Field	Value	IRS element (for citing)
Name	BRYCE SMITH	Name

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1201 BROADWAY STE 504	AddressLine1
City	NEW YORK	City
State	NY	State
ZIP Code	10001	ZIPCode

Field	Value	IRS element (for citing)
Title	PROGRAMS DIRECTOR	Title
Average Hours Per Week	40.0	AverageHoursPerWeek
Compensation	54000	Compensation
Employee Benefits	2423	EmployeeBenefits

Field	Value	IRS element (for citing)
Tot Number Of Oth Empl Paid Over50k	1	TotNumberOfOthEmplPaidOver50k
Tot Number Of Cntrct Paid Over50k	0	TotNumberOfCntrctPaidOver50k

Field	Value	IRS element (for citing)
Summary Of Direct Charitable Acty		SummaryOfDirectCharitableActy
Sum Of Program Related Investments		SumOfProgramRelatedInvestments

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	10630792	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	1295429	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	6722939	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	18649160	TotalFMVOfUnusedAssets
Acquisition Indebtedness	0	AcquisitionIndebtedness
Adj Total FMV Of Unused Assets	18649160	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	279737	CashDeemedCharitable
Net Noncharitable Assets	18369423	NetNoncharitableAssets
Minimum Investment Return	918471	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	918471	MinimumInvestmentReturn
Tax Based On Investment Income	9568	TaxBasedOnInvestmentIncome
Total Tax	9568	TotalTax
Distributable Amount Before Adj	908903	DistributableAmountBeforeAdj
Distributable Amount Before Ded	908903	DistributableAmountBeforeDed
Distributable Amount As Adjusted	908903	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	1493673	ExpensesAndContributions
Program Related Investments Total	0	ProgramRelatedInvestmentsTotal
Amounts Paid Acq Charitable Assets	0	AmountsPaidAcqCharitableAssets
Amounts Set Aside Suitability Test	0	AmountsSetAsideSuitabilityTest
Amounts Set Aside Cash Distri Test	0	AmountsSetAsideCashDistriTest
Qualifying Distributions	1493673	QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm	9568	OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions	1484105	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	908903	DistributableAmountAsAdjusted
Undistributed Income Prior Year	0	UndistributedIncomePriorYear
Prior Year1	2010	PriorYear1
Prior Year2	2009	PriorYear2
Prior Year3	2008	PriorYear3
Excess Distri Carryover Year4	4922	ExcessDistriCarryoverYear4
Excess Distri Carryover Year3	32006	ExcessDistriCarryoverYear3
Excess Distri Carryover Year2	440424	ExcessDistriCarryoverYear2
Excess Distri Carryover Year1	587682	ExcessDistriCarryoverYear1
Total Excess Distri Carryover	1065034	TotalExcessDistriCarryover
Qualifying Distributions	1493673	QualifyingDistributions
Applied To Year1	0	AppliedToYear1
Applied To Current Year	908903	AppliedToCurrentYear
Remaining Distri From Corpus	584770	RemainingDistriFromCorpus
Total Corpus	1649804	TotalCorpus
Taxable Amount2	0	TaxableAmount2
Undistributed Income CY	0	UndistributedIncomeCY
Excess Distri Cyov To Next Year	1649804	ExcessDistriCyovToNextYear
Excess From Year4	4922	ExcessFromYear4
Excess From Year3	32006	ExcessFromYear3
Excess From Year2	440424	ExcessFromYear2
Excess From Year1	587682	ExcessFromYear1
Excess From Current Year	584770	ExcessFromCurrentYear

Field	Value	IRS element (for citing)
Private Operating Foundations		PrivateOperatingFoundations

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Only Contributes To Preselected	X	OnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (37 entries)

Address Line1RecipientUSAddress/AddressLine1	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Purpose Of Grant Or ContributionPurposeOfGrantOrContribution	AmountAmount
BITE
690 GREENWICH STREET 4E	NEW YORK	NY	10014	ZEN & PANCAN CENTER	$11,788
RAINFOREST ACTION NETWORK
221 PINE STREET 5TH FL	SAN FRANCISCO	CA	94104	CONTRIBUTION	$12,000
TRUE COLORS FUND
330 WEST 38TH STREET SUITE 405	NEW YORK	NY	10018	CONTRIBUTION	$27,000
GOD'S LOVE WE DELIVER
166 AVENUE OF THE AMERICAS	NEW YORK	NY	10013	CONTRIBUTION & GRANT	$55,494
THRESHOLD FOUNDATION
PO BOX 29903	SAN FRANCISCO	CA	94129	CONTRIBUTION	$22,245
LGBT COMMUNITY CENTER
1800 MARKEY STREET	SAN FRANCISCO	CA	94012	CONTRIBUTION	$2,500
NEW YORK ZEN CENTER
70A GREENWICH AVE	NEW YORK	NY	10011	CONTRIBUTION	$8,675
GMHC
466 WEST 34TH STREET	NEW YORK	NY	10001	CONTRIBUTION	$5,000
GLSEN
NEW YORK CITY CHAPTER	NEW YORK	NY	10001	GRANT	$2,400
RAZOO FOUNDATION
1020 19th St NW 800	WASHINGTON	DC	20036	CONTRIBUTION	$500
HRC FOUNDATION
1640 RHODE ISLAND AVE NW	WASHINGTON	DC	20036	CONTRIBUTION	$5,000
WOMEN WITH A VISION
6345 BELLAIRE DRIVE	NEW ORLEANS	LA	70124	CONTRIBUTION	$2,500
BROADWAY CARES
165 West 46th Street Suite 1300	NEW YORK	NY	10036	CONTRIBUTION	$350
COMM RESEARCH INITIATIVE
NEW YORK CITY CHAPTER	NEW YORK	NY	10036	CONTRIBUTION	$1,000
IN THE LIFE MEDIA
NEW YORK CITY CHAPTER	NEW YORK	NY	10011	CONTRIBUTION	$2,500
JAMES BEARD
NEW YORK CITY	NEW YORK	NY	10001	CONTRIBUTION	$760
AMERICAN PROGRESS CENTER
1333 H Street NW 10th Floor	WASHINGTON	DC	20005	GRANT	$1,000
FIRENDS OF HIGH LINE
529 W 20th St 8W	NEW YORK	NY	10011	GRANT	$5,000
FIRST DESCENTS
767 SANTA FE DRIVE	DENVER	CO	80204	GRANT	$25,609
ROSIE'S THEATER KIDS
455 WEST 45TH STREET	NEW YORK	NY	10036	GRANT	$8,000
FOOD FIGHT
285 RIVERSIDE DRIVE	NEW YORK	NY	10025	GRANT	$30,000
CLINTON GLOBAL INITIATIVE
610 PRESIDENT CLINTON AVE	LITTLE ROCK	AR	72201	GRANT	$23,000
EMPIRE STATE PRIDE
16 W 22nd St 200	NEW YORK	NY	10010	GRANT	$1,200
EDIBLE SCHOOLYARD
350 AVENUE X	BROOKLYN	NY	11223	GRANT	$40,000
FRIENDS IN DEED
594 BROADWAY	NEW YORK	NY	10012	GRANT	$10,000
JEFFREY FASHION CARES
120 WALL STREET	NEW YORK	NY	10005	GRANT	$100,000
GREEN CHIMNEY GRANT
79 ALEXANDER AVE STE 42A	BRONX	NY	10454	GRANT	$7,480
HETRICK-MARTIN INSTITUTE
2 ASTOR PLACE	NEW YORK	NY	10003	GRANT	$5,000
LIBERTY HILLQUEER YOUTH FUND
6420 WILSHIRE BLVD	LOS ANGELES	CA	90048	GRANT	$99,012
MOVEMENT ADVANCEMENT PROJECT
2215 MARKET STREET	DENVER	CO	80205	GRANT	$30,000
POINT FOUNDATION
PO BOX 60108	LOS ANGELES	CA	90060	GRANT	$130,925
NATIONAL LGBT CANCER NETWORK
136 WEST 16TH STREET	NEW YORK	NY	10011	GRANT	$25,000
PANCAN
1500 Rosecrans Avenue Suite 200	MANHATTAN BEACH	CA	90266	CONTRIBUTION	$172,667
LGBT COMMUNITY CENTER
208 WEST 13TH ST	NEW YORK	NY	10011	GRANT	$25,000
SMITH CENTER FOR HEALING
1632 U STREET NW	WASHINGTON	DC	20009	GRANT	$25,000
WELLNESS IN THE SCHOOLS
466 West End Ave	NEW YORK	NY	10024	GRANT	$12,600
YOU CAN PLAY PROJECT
1425 DEXTER STREET	DENVER	CO	80220	GRANT	$8,000

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	944205	TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Field	Value	IRS element (for citing)
Fees Contracts From Govt Agencies		FeesContractsFromGovtAgencies
Membership Dues And Assessments		MembershipDuesAndAssessments

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$350	ExclusionAmount

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$691,273	ExclusionAmount

Field	Value	IRS element (for citing)
Net Rental Incm Re Debt Fincd Prop		NetRentalIncmReDebtFincdProp
Net Rntl Incm Re Not Debt Fincd Prop		NetRntlIncmReNotDebtFincdProp
Net Rental Incm Personal Property		NetRentalIncmPersonalProperty
Other Investment Income Part VII		OtherInvestmentIncomePartVII

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

Field	Value	IRS element (for citing)
Exclusion Code	18	ExclusionCode
Exclusion	$380,856	ExclusionAmount

Field	Value	IRS element (for citing)
Net Income Loss From Special Events		NetIncomeLossFromSpecialEvents
Gross Profit Loss Sales Of Invntry		GrossProfitLossSalesOfInvntry

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Exclusion	$1,072,479	ExclusionAmount

Field	Value	IRS element (for citing)
Total Part XVIA	1072479	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 (2 entries)

Contributor NumberContributorNumber	Contributor Name IndividualContributorNameIndividual	Address Line1ContributorAddressUS/AddressLine1	CityContributorAddressUS/City	StateContributorAddressUS/State	ZIP CodeContributorAddressUS/ZIPCode	Aggregate ContributionsAggregateContributions	Person Contribution TypePersonContributionType
1	ESTATE OF RAND SKOLNICK	222 WEST 14TH STREET	NEW YORK	NY	10011	4160672	X
2	CAMBR CHARITABLE FOUNDATION TRUST	410 OCEAN AVE	LYNBROOK	NY	11563	25000	X

Depreciation Schedule DepreciationSchedule

Depreciation Depreciation (4 entries)

Description Of PropertyDescriptionOfProperty	Date AcquiredDateAcquired	Cost Or Other BasisCostOrOtherBasis	Prior Years DepreciationPriorYearsDepreciation	Computation MethodComputationMethod	LifeLife	Current Year ExpenseCurrentYearExpense
222 WEST 14TH ST	2010-12-09	780247	40013	SL	39	20006
IMPROVEMENTS	2010-12-09	16103	826	SL	39	413
IMPROVEMENTS	2011-03-18	80304	2059	SL	39	2059
IMPROVEMENTS	2012-11-14	14936		SL	39	64

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOther (8 entries)

Category Or ItemCategoryOrItem	Listed At Cost Or FMVListedAtCostOrFMV	Book ValueBookValue	EOYFMVEOYFMV
MORGAN STANLEY CROSSROADS	AT COST	374930	374930
MORGAN STANLEY HEDGE	AT COST	827384	827384
MSSB REAL ESTATE DEBT	AT COST	442067	442067
RENEWAL 2 SOCIAL FUND	AT COST	130681	130681
D.E. SHAW OCULUS INT'L FUND	AT COST	1997417	1997417
FRONTPOINT OFFSHORE	AT COST	23910	14234
STARBOARD OFFSHORE	AT COST	750001	849268
YORK CREDIT OFFSHORE	AT COST	1000000	1260745

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtc (4 entries)

Category Or ItemCategoryOrItem	Cost Or Other BasisCostOrOtherBasis	Accumulated DepreciationAccumulatedDepreciation	Book ValueBookValue
222 WEST 14TH ST	780247	60019	720228
IMPROVEMENTS	16103	1239	14864
IMPROVEMENTS	80304	4118	76186
IMPROVEMENTS	14936	64	14872

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (10 entries)

DescriptionDescription	Revenue And Expenses Per BooksRevenueAndExpensesPerBooks	Disbursements Charitable PrpsDisbursementsCharitablePrps	Net Investment IncomeNetInvestmentIncome
DUES AND SUBSCRIPTIONS	8163	8163
INSURANCE	9551	9551
MARKETING	30250	30250
ANNIVERSARY EVENT	27380	27380
NUTRITION PROGRAM	7029	7029
LGBT WELLNESS EVENT	1855	1855
OFFICE EXPENSE	11892	11892
TELEPHONE	2601	2601
WEBSITE	9540	9540
OTHER EXPENSES K-1 INVESTMENTS	26098		26098

Other Income Schedule2 OtherIncomeSchedule2

Other Income OtherIncome

Field	Value	IRS element (for citing)
Description	OTHER INCOME FROM K-1'S	Description

Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2

Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShort

Name Of501c3 Organization NameOf501c3Organization

Field	Value	IRS element (for citing)
Business Name Line1	JAMMIN PROPERTIES LLC	BusinessNameLine1

Field	Value	IRS element (for citing)
Balance Due	3095647	BalanceDue

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees OtherProfessionalFees (2 entries)

CategoryCategory	AmountAmount	Net Investment IncomeNetInvestmentIncome	Disbursements Charitable PrpsDisbursementsCharitablePrps
PROFESSIONAL FEES	$186,673	69467	117206
PAYROLL & 401K FEES	$3,064		3064

Taxes Schedule TaxesSchedule

Taxes Taxes (4 entries)

CategoryCategory	AmountAmount	Net Investment IncomeNetInvestmentIncome	Disbursements Charitable PrpsDisbursementsCharitablePrps
FOREIGN TAXES PAID	$1,601	1601
FEDERAL	$7,000	7000
PROPERTY TAXES	$9,372		9372
PAYROLL TAXES	$16,245		14169

PALETTE FUND INC: 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 (15 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 (2 entries)

Compensation Of Highest Paid Empl CompensationOfHighestPaidEmpl

US Address USAddress

Minimum Investment Return MinimumInvestmentReturn

Distributable DistributableAmount

Qualifying Distributions QualifyingDistributions

Undistributed Income UndistributedIncome

Supplementary Information SupplementaryInformation

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (37 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

Subtotals Part XVIA SubtotalsPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo (2 entries)

Depreciation Schedule DepreciationSchedule

Depreciation Depreciation (4 entries)

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOther (8 entries)

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtc (4 entries)

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (10 entries)

Other Income Schedule2 OtherIncomeSchedule2

Other Income OtherIncome

Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2

Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShort

Name Of501c3 Organization NameOf501c3Organization

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees OtherProfessionalFees (2 entries)

Taxes Schedule TaxesSchedule

Taxes Taxes (4 entries)

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