WILLETT FAMILY FOUNDATION: Form 990PF, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- WILLETT FAMILY FOUNDATION (EIN 26-2935372)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-04-27
- IRS object ID
- 201241309349101334
- Schema version
- 2011v1.2
- 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
- General Explanation Attachment
- Investments Corp Stock Schedule
- Other Expenses Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-04-27T16:20:44-00:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | 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 | 55 Walls Drive | AddressLine1 |
| City | Fairfield | City |
| State | CT | State |
| ZIP Code | 06824 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 262935372 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Willett Family Foundation | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | WILL | 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 | Kenneth G Willett | Name |
| Title | President | Title |
| Date Signed | 2012-04-27 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Jeffrey D Haskell | Name |
| Phone | 8008391754 | Phone |
| Date Prepared | 2012-04-27 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 115965 | 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 | 1 | InterestOnSavingsRevAndExpnss |
| Interest On Savings Net Invst Incm | 1 | InterestOnSavingsNetInvstIncm |
| Dividends Rev And Expnss | 4358 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 4358 | DividendsNetInvstIncm |
| Net Gain Sale Assets Rev And Expnss | 7843 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 99764 | GrossSalesPrice |
| Capital Gain Net Incm Net Invst Incm | 7843 | CapitalGainNetIncmNetInvstIncm |
| Total Revenue And Expenses | 12202 | TotalRevenueAndExpenses |
| Total Net Investment Income | 12202 | TotalNetInvestmentIncome |
| Other Prof Fees Rev And Expnss | 1689 | OtherProfFeesRevAndExpnss |
| Other Prof Fees Net Invst Incm | 1689 | OtherProfFeesNetInvstIncm |
| Taxes Rev And Expnss | 163 | TaxesRevAndExpnss |
| Other Expenses Rev And Expnss | 5362 | OtherExpensesRevAndExpnss |
| Other Expenses Dsbrs Chrtbl Prps | 5362 | OtherExpensesDsbrsChrtblPrps |
| Tot Opr Expenses Rev And Expnss | 7214 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 1689 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 5362 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 5000 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 5000 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 12214 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 1689 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 10362 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | -12 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 10513 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Savings And Temp Cash Invst BOY | 1801 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 2104 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 2104 | SavingsAndTempCashInvstEOYFMV |
| Investments Corp Stock BOY | 96203 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 95888 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 113861 | InvestmentsCorpStockEOYFMV |
| Total Assets BOY | 98004 | TotalAssetsBOY |
| Total Assets EOY | 97992 | TotalAssetsEOY |
| Total Assets EOYFMV | 115965 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Retained Earnings BOY | 98004 | RetainedEarningsBOY |
| Retained Earnings EOY | 97992 | RetainedEarningsEOY |
| Total Net Assets BOY | 98004 | TotalNetAssetsBOY |
| Total Net Assets EOY | 97992 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 98004 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 97992 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 98004 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | -12 | ExcessOfRevenueOverExpenses |
| Subtotal | 97992 | Subtotal |
| Total Net Assets Fund Balances EOY | 97992 | TotalNetAssetsFundBalancesEOY |
Capital Gains And Losses CapitalGainsAndLosses
Capital Gains And Losses Info CapitalGainsAndLossesInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Asset | Publicly-traded Securities | DescriptionOfAsset |
| Gross Sales Price | 99764 | GrossSalesPrice |
| Cost Or Other Basis | 91921 | CostOrOtherBasis |
| Gain Or Loss | 7843 | GainOrLoss |
| Gains Minus Excess Or Losses | 7843 | GainsMinusExcessOrLosses |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | 7843 | CapitalGainNetIncome |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 11829 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 101909 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 000.116074 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 3318 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 92726 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 000.035783 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 4900 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 31330 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 000.156400 | DistributionRatioYear3 |
| Total Distribution Ratio | 000.308257 | TotalDistributionRatio |
| Average Distribution Ratio | 000.102752 | AverageDistributionRatio |
| Net Noncharitable Assets | 108619 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 11161 | AdjustedNoncharitableAssets |
| One Percent Net Investment Income | 105 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 11266 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 10362 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 210 | InvestmentIncomeExciseTax |
| Subtotal | 210 | Subtotal |
| Tax Based On Investment Income | 210 | TaxBasedOnInvestmentIncome |
| Tax Due | 210 | TaxDue |
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 |
| 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 |
Books In Care Of Business Name BooksInCareOfBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | 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 |
| Proceeds Or Net Income | true | ProceedsOrNetIncome |
Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo
Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (5 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitle | Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition | CompensationCompensation |
|---|---|---|---|---|---|---|
| Catherine R Willett | ||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 19809 | Vice President | 001.00 | 0 |
| Christopher P Willett | ||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 19809 | Vice President | 001.00 | 0 |
| Claire E Willett | ||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 19809 | Vice President | 001.00 | 0 |
| Colin M Willett | ||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 19809 | Vice President | 001.00 | 0 |
| Kenneth G Willett | ||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 19809 | President / Director / Secretary | 001.00 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 108061 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 2212 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 110273 | TotalFMVOfUnusedAssets |
| Adj Total FMV Of Unused Assets | 110273 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 1654 | CashDeemedCharitable |
| Net Noncharitable Assets | 108619 | NetNoncharitableAssets |
| Minimum Investment Return | 5431 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 5431 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 210 | TaxBasedOnInvestmentIncome |
| Total Tax | 210 | TotalTax |
| Distributable Amount Before Adj | 5221 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 5221 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 5221 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 10362 | ExpensesAndContributions |
| Qualifying Distributions | 10362 | QualifyingDistributions |
| Adj Qualifying Distributions | 10362 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 5221 | DistributableAmountAsAdjusted |
| Excess Distri Carryover Year3 | 2871 | ExcessDistriCarryoverYear3 |
| Excess Distri Carryover Year1 | 7060 | ExcessDistriCarryoverYear1 |
| Total Excess Distri Carryover | 9931 | TotalExcessDistriCarryover |
| Qualifying Distributions | 10362 | QualifyingDistributions |
| Applied To Current Year | 5221 | AppliedToCurrentYear |
| Remaining Distri From Corpus | 5141 | RemainingDistriFromCorpus |
| Total Corpus | 15072 | TotalCorpus |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov To Next Year | 15072 | ExcessDistriCyovToNextYear |
| Excess From Year3 | 2871 | ExcessFromYear3 |
| Excess From Year1 | 7060 | ExcessFromYear1 |
| Excess From Current Year | 5141 | ExcessFromCurrentYear |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Kenneth G Willett | ContributingManager |
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (2 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationship | Recipient Foundation StatusRecipientFoundationStatus | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|---|---|
| ALL SAINTS PARISH | |||||||
| 3847 NE GLISAN ST | PORTLAND | OR | 97232 | N/A | 509(a)(1) | Youth Ministry Trip - New Orleans | $2,000 |
| MERCY CORPS | |||||||
| 45 SW ANKENY ST | PORTLAND | OR | 97204 | N/A | 509(a)(1) | Japan Earthquake and Tsunami Relief | $3,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 5000 | 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 | ExclusionAmount |
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $4,358 | ExclusionAmount |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 18 | ExclusionCode |
| Exclusion | $7,843 | ExclusionAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $12,202 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 12202 | 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 |
General Explanation Attachment GeneralExplanationAttachment
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corp Stock InvestmentsCorpStock (10 entries)
| Name Of StockNameOfStock | EOY Book ValueEOYBookValue | EOYFMVEOYFMV |
|---|---|---|
| 333 shares of AMERICAN WATER WORKS COMPANY INC COMMON STOCK AWK | 9379 | 10609 |
| 494 shares of CMS ENERGY CP CMS | 9394 | 10908 |
| 237 shares of DOMINION RESOURCES INC D | 9309 | 12580 |
| 192 shares of NEXTERA ENERGY, INC NEE | 11037 | 11689 |
| 277 shares of NORTHEAST UTIL NU | 9384 | 9991 |
| 240 shares of NORTHWEST NAT GAS CO NWN | 11028 | 11503 |
| 234 shares of NSTAR INC. NST | 8520 | 10989 |
| 750 shares of NV ENERGY INC NVE | 10670 | 12263 |
| 223 shares of PINNACLE WEST CAPITAL CORP PNW | 9418 | 10744 |
| 360 shares of WISCONSIN ENERGY CP WEC | 7749 | 12585 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (2 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Disbursements Charitable PrpsDisbursementsCharitablePrps |
|---|---|---|
| Administrative Fees | 5337 | 5337 |
| State or Local Filing Fees | 25 | 25 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees OtherProfessionalFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment Management Services | Category |
| Amount | $1,689 | Amount |
| Net Investment Income | 1689 | NetInvestmentIncome |
Taxes Schedule TaxesSchedule
Taxes Taxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Excise Tax for 2010 | Category |
| Amount | $163 | Amount |
| Net Investment Income | 0 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
| Disbursements Charitable Prps | 0 | DisbursementsCharitablePrps |
Comments