2013-03-14T11:07:15-05:00 2012-04-30 231380332 KIMMEL LORAH ASSOCIATES CPA'S LLP 400 CRESSON BLVD PO BOX 979 OAKS PA 19456 990 2011-05-01 236253965 THE WOLCOTT FOUNDATION INC WOLC 2153683121 210 SOUTH BROAD STREET LANSDALE PA 19446 GEORGE W TRACY 2153683121 2013-03-14 1 ROBERT STEVENSON CPA P00018843 6106660450 X 2011 2016-02-25 16:41:14Z GEORGE W TRACY 210 S BROAD ST LANSDALE PA 19446 14177811 0 X WWW.WOLCOTTFOUNDATION.COM X 1952 MO ASSISTS IN PREPARING QUALIFIED SCHOLARS FOR FUTURE POLICY MAKING POSITIONS IN GOVERNMENT AND WORLD AFFAIRS THROUGH THE GRANTING OF FELLOWSHIPS AND STUDENT LOANS IN ORDER TO PRESERVE A FREE SOCIETY FOR FUTURE GENERATIONS. 8 8 0 18 0 0 55632 48850 0 0 447777 -338679 0 0 503409 -289829 240627 363907 0 0 0 0 0 0 0 49952 62296 290579 426203 212830 -716032 5587885 4985317 258678 251426 5329207 4733891 THE FOUNDATION ASSISTS IN PREPARING QUALIFIED SCHOLARS FOR FUTURE POLICY MAKING POSITIONS IN GOVERNMENT AND WORLD AFFAIRS THROUGH THE GRANTING OF FELLOWSHIPS AND STUDENT LOANS IN ORDER TO PRESERVE A FREE SOCIETY FOR FUTURE GENERATIONS. 0 0 366398 363907 THE FOUNDATION GRANTS STUDENT FELLOWSHIPS AND LOANS TO QUALIFIED STUDENTS OF GEORGE WASHINGTON UNIVERSITY (GWU). THE STUDENT FELLOWSHIPS ARE INITIALLY RECORDED AS STUDENT'S ACCOUNTS RECEIVABLE (STUDENT LOANS) WHILE ATTENDING GWU. UPON GRADUATION 25% OF EACH STUDENT'S GROSS STUDENT FELLOWSHIP LOANS ARE WAIVED FOR EACH YEAR SUCH STUDENT PERFORMED GOVERNMENTAL OR RELATED SERVICE AS APPROVED BY THE TRUSTEES. 366398 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 0 1 1 0 0 1 0 0 0 0 0 0 X GEORGE W TRACY TREASURER 2153683121 210 S BROAD ST LANSDALE PA 19446 X MALCOLM S WHITE 10.00 X X 0 0 0 DONALD P GARRIDO 5.00 X X 0 0 0 GEORGE W TRACY 15.00 X X 0 0 0 WILIAM MIER 5.00 X X 0 0 0 ERCIL ESCHBACH 5.00 X 0 0 0 STANLEY A GARDNER 5.00 X 0 0 0 MICHAEL E CLARK 5.00 X 0 0 0 MERVYN J HARRIS 5.00 X 0 0 0 0 0 0 0 0 0 0 0 880 47970 48850 341511 341511 13787450 14467640 -680190 -680190 -680190 -289829 0 0 -338679 363907 363907 11900 11900 19664 19664 954 954 1263 1263 22626 22626 1558 1558 1840 1840 PROGRAM/PROMOTIONAL AWA 2491 2491 426203 366398 59805 0 203030 1325888 780 780 139402 12078 4454806 2866604 789867 779967 5587885 4985317 257885 251183 793 243 258678 251426 X 888002 713680 4441205 4020211 5329207 4733891 5587885 4985317 X -716032 120716 X 0 0 0 X 523818 98078 63424 55632 48850 789802 523818 98078 63424 55632 48850 789802 789802 284562 283833 262498 283833 341511 1456237 2246039 0.35160 0.44990 X 0 4441205 14087 -435081 4020211 4313836 15004 112365 4441205 3390645 9793 913398 4313836 1.00000 0 0 0 INTEREST RECEIVABLE 19500 BENEFICIAL INTEREST IN CHARITABLE TRUST 760467 779967 LIABILITY UNDER TRUST AGREEMENTS 243 243 -289829 426203 -716032 120716 120716 -595316 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE FOUNDATION'S ENDOWMENT FUNDS ARE PERMANENTLY RESTRICTED TO INVESTMENT IN PERPETUITY; THE INCOME FROM WHICH IS PRIMARILY EXPENDABLE TO SUPPORT THE OPERATIONS OF THE FOUNDATION. 1 STUDENT FELLOWSHIPS-GRADUATE STUDENTS AT GEORGE WASHINGTON UNIVERSITY 9 363907 BOOK PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE FOUNDATION'S BOARD OF TRUSTEES REVIEWS ALL APPLICATIONS FOR STUDENT FELLOWSHIPS AND APPROVES THE GRANTING OF FELLOWSHIPS BASED ON CERTAIN SELECTION CRITERIA AND AVAILABILITY OF FUNDS. THE FOUNDATION GRANTS STUDENT FELLOWSHIPS TO QUALIFIED STUDENTS ATTENDING GEORGE WASHINGTON UNIVERSITY (GWU) GRADUATE SCHOOL. SUCH STUDENT FELLOWSHIPS ARE INITIALLY RECORDED AS STUDENTS' ACCOUNTS RECEIVABLE (LOANS) WHILE ATTENDING GWU. UPON GRADUATION, 25% IF EACH STUDENTS'S GROSS STUDENT FELLOWSHIP LOANS ARE WAIVED (GRANTED) FOR EACH YEAR SUCH STUDENT PERFORMS GOVERNMENTAL OR RELATED SERVCIE AS APPROVED BY THE TRUSTEES. FORM 990, PART VI, SECTION A, LINE 6 SEE NAMES AND TITLES ON PART VII OF THIS FORM 990 ON PAGE 7. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE GOVERNING BODY CONSISTS OF FOUR TRUSTEES AND FOUR OFFICERS WHO ARE ELECTED BY THE GENERAL MEMBERSHIP OF THE FOUNDATION AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 AND REQUIRED SCHEDULES ARE REVIEWED AND APPROVED BY THE TREASURER AND OTHER OFFICERS, AS APPLICABLE. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, ANYONE MAY REVIEW THE FOUNDATION'S GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS BY CONTACTING THE FOUNDATION'S TREASURER, GEORGE W. TRACY, C/O 210 S. BROAD ST., LANSDALE, PA 19446 DURING NORMAL BUSINESS HOURS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 120,716. PART VI, SECTION B, LINE 12 (A) THE FOUNDATION IS IN THE PROCESS OF ADOPTING A CONFLICT OF INTEREST POLICY FORM TO BE COMPLETED BY EACH OFFICER AND TRUSTEE. UPON EVIDENCE OF CONFLICT, THE BOARD WILL EXCLUDE THE PERSON WITH THE CONFLICT FROM PROCEEDINGS WITH REGARDS TO THE RELATED TRANSACTION.