GORDON GUND AND LLURA LIGGETT GUND 1993 CHARITABLE FOUNDATION: Form 990PF, tax year 2010

View the entire original 990 at ProPublica ↗

Organization
GORDON GUND AND LLURA LIGGETT GUND 1993 CHARITABLE FOUNDATION (EIN 34-1730494)
Tax period
2010-01-01 to 2010-12-31
Filed
2011-04-01
IRS object ID
201100919349100705
Schema version
2010v3.2
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 ReturnHeader

FieldValueIRS element (for citing)
Timestamp2011-04-01T14:48:47-05:00Timestamp
Tax Period End Date2010-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1GUND INVESTMENT CORPORATIONBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line114 NASSAU STREETAddressLine1
CityPRINCETONCity
StateNJState
ZIP Code08542ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2010-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN341730494EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1Gordon & Llura Gund 1993 Charitable FoundationBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlGORDNameControl
Phone2166964700Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1925 Euclid Ave No 2000AddressLine1
CityClevelandCity
StateOHState
ZIP Code44115ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameG Zachary GundName
TitleTrusteeTitle
Phone6099213633Phone
Date Signed2011-04-01DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameTheodore W BakerName
Phone6099213633Phone
FieldValueIRS element (for citing)
Tax Year2010TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY908829FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss2448112ContriReceivedRevAndExpnss
Interest On Savings Rev And Expnss939InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm939InterestOnSavingsNetInvstIncm
Capital Gain Net Incm Net Invst Incm0CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses2449051TotalRevenueAndExpenses
Total Net Investment Income939TotalNetInvestmentIncome
Comp Ofcr Dir Trst Rev And Expnss0CompOfcrDirTrstRevAndExpnss
Comp Ofcr Dir Trst Net Invst Incm0CompOfcrDirTrstNetInvstIncm
Comp Ofcr Dir Trst Dsbrs Chrtbl Prps0CompOfcrDirTrstDsbrsChrtblPrps
Accounting Fees Rev And Expnss75000AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm75000AccountingFeesNetInvstIncm
Accounting Fees Dsbrs Chrtbl Prps0AccountingFeesDsbrsChrtblPrps
Other Expenses Rev And Expnss445OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm445OtherExpensesNetInvstIncm
Other Expenses Dsbrs Chrtbl Prps0OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss75445TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm75445TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps0TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss2014500ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps2014500ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss2089945TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm75445TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps2014500TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses359106ExcessOfRevenueOverExpenses
Net Investment Income0NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Cash BOY549723CashBOY
Cash EOY908829CashEOY
Cash EOYFMV908829CashEOYFMV
Total Assets BOY549723TotalAssetsBOY
Total Assets EOY908829TotalAssetsEOY
Total Assets EOYFMV908829TotalAssetsEOYFMV
Total Liabilities BOY0TotalLiabilitiesBOY
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Follow SFAS117XOrgThatFollowSFAS117
Unrestricted BOY549723UnrestrictedBOY
Unrestricted EOY908829UnrestrictedEOY
Total Net Assets BOY549723TotalNetAssetsBOY
Total Net Assets EOY908829TotalNetAssetsEOY
Total Liabilities Net Assets BOY549723TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY908829TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY549723TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses359106ExcessOfRevenueOverExpenses
Other Increases0OtherIncreases
Subtotal908829Subtotal
Other Decreases0OtherDecreases
Total Net Assets Fund Balances EOY908829TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 Tax0LiableFor4942Tax
Qualifying Distributions Year11783782QualifyingDistributionsYear1
Noncharitable Assets Year145794NoncharitableAssetsYear1
Distribution Ratio Year138.952308DistributionRatioYear1
Qualifying Distributions Year22791660QualifyingDistributionsYear2
Noncharitable Assets Year2121029NoncharitableAssetsYear2
Distribution Ratio Year223.066042DistributionRatioYear2
Qualifying Distributions Year31036000QualifyingDistributionsYear3
Noncharitable Assets Year370570NoncharitableAssetsYear3
Distribution Ratio Year314.680459DistributionRatioYear3
Qualifying Distributions Year41831029QualifyingDistributionsYear4
Noncharitable Assets Year4113660NoncharitableAssetsYear4
Distribution Ratio Year416.109704DistributionRatioYear4
Qualifying Distributions Year52239000QualifyingDistributionsYear5
Noncharitable Assets Year5493465NoncharitableAssetsYear5
Distribution Ratio Year54.537303DistributionRatioYear5
Total Distribution Ratio97.345816TotalDistributionRatio
Average Distribution Ratio19.469163AverageDistributionRatio
Net Noncharitable Assets318058NetNoncharitableAssets
Adjusted Noncharitable Assets6192323AdjustedNoncharitableAssets
One Percent Net Investment Income0OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One6192323AdjNonchrtblAssetsAndOnePct
Qualifying Distributions2014500QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Investment Income Excise Tax0InvestmentIncomeExciseTax
Tax Under Section5110TaxUnderSection511
Subtotal0Subtotal
Subtitle A Tax0SubtitleATax
Tax Based On Investment Income0TaxBasedOnInvestmentIncome
Total Credits And Payments0TotalCreditsAndPayments
Tax Due0TaxDue

Statements Regarding Activities StatementsRegardingActivities

FieldValueIRS element (for citing)
Legislative Political Activities0LegislativePoliticalActivities
More Than100 Spent0MoreThan100Spent
Form1120 POL Filed0Form1120POLFiled
Sect4955 Tax On Organization0Sect4955TaxOnOrganization
Sect4955 Tax On Managers0Sect4955TaxOnManagers
Reimbursement Of Tax0ReimbursementOfTax
Activities Not Prev Reported0ActivitiesNotPrevReported
Changes To Articles Or Bylaws0ChangesToArticlesOrBylaws
Unrelated Bus Income Over10000UnrelatedBusIncomeOver1000
Termination Etc0TerminationEtc
Requirements Of Sect508e0RequirementsOfSect508e
At Least5000 In Assets1AtLeast5000InAssets
States Filed WithOHStatesFiledWith
Form990 PF Filed With AG1Form990PFFiledWithAG
Private Operating Foundation0PrivateOperatingFoundation
New Substantial Contributors1NewSubstantialContributors
Interest In Controlled Entity0InterestInControlledEntity
Applicable Insurance Contract0ApplicableInsuranceContract
Comply With Public Inspection Rqr1ComplyWithPublicInspectionRqr
Website AddressN/AWebsiteAddress
Books In Care Of Person NameTheodore W BakerBooksInCareOfPersonName
Books In Care Of Phone Number6099213633BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line114 Nassau StreetAddressLine1
CityPrincetonCity
StateNJState
ZIP Code08542ZIPCode
FieldValueIRS element (for citing)
Foreign Bank0ForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

FieldValueIRS element (for citing)
Sale Or Exchange With Dsqfly Person0SaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly Person0BorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly Person0FurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly Person0PayCompensationToDsqflyPerson
Transfer Assets To Dsqfly Person0TransferAssetsToDsqflyPerson
Payment To Government Offical0PaymentToGovernmentOffical
Uncorrected Prior Acts0UncorrectedPriorActs
Undistributed Income Prior Years0UndistributedIncomePriorYears
Business Holdings0BusinessHoldings
Jeopardy Investments0JeopardyInvestments
Uncorrected Jeopardy Investments0UncorrectedJeopardyInvestments
Influence Legislation0InfluenceLegislation
Influence Election0InfluenceElection
Grants To Individuals0GrantsToIndividuals
Grants To Organizations0GrantsToOrganizations
Noncharitable Purpose0NoncharitablePurpose
Rcv Funds To Pay Prsnl Bnft Contract0RcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft Contract0PayPremiumsPrsnlBnftContract
Prohibited Tax Shelter Transactn0ProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (4 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensationContri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtcExpense Account Other AllowancesExpenseAccountOtherAllowances
Richard T Watson
925 Euclid Ave Suite 2000ClevelandOH44115Trustee0.50000
Rebecca H Dent
925 Euclid Ave Suite 2000ClevelandOH44115Trustee0.50000
Grant Gund
14 Nassau StreetPrincetonNJ08542Trustee0.50000
G Zachary Gund
14 Nassau StreetPrincetonNJ08542Trustee0.50000
FieldValueIRS element (for citing)
Comp Of Highest Paid Empl NONENONECompOfHighestPaidEmplNONE
Tot Number Of Oth Empl Paid Over50k0TotNumberOfOthEmplPaidOver50k
Comp Of Hghst Paid Cntrct NONENONECompOfHghstPaidCntrctNONE
Tot Number Of Cntrct Paid Over50k0TotNumberOfCntrctPaidOver50k

Sum Of Program Related Investments SumOfProgramRelatedInvestments

FieldValueIRS element (for citing)
Total0Total

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities0AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances322902AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets322902TotalFMVOfUnusedAssets
Reduction Claimed0ReductionClaimed
Acquisition Indebtedness0AcquisitionIndebtedness
Adj Total FMV Of Unused Assets322902AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable4844CashDeemedCharitable
Net Noncharitable Assets318058NetNoncharitableAssets
Minimum Investment Return15903MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return15903MinimumInvestmentReturn
Total Tax0TotalTax
Distributable Amount Before Adj15903DistributableAmountBeforeAdj
Recoveries Qlfy Distributions0RecoveriesQlfyDistributions
Distributable Amount Before Ded15903DistributableAmountBeforeDed
Deduction Fr Distributable$0DeductionFrDistributableAmount
Distributable Amount As Adjusted15903DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions2014500ExpensesAndContributions
Program Related Investments Total0ProgramRelatedInvestmentsTotal
Qualifying Distributions2014500QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm0OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions2014500AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted15903DistributableAmountAsAdjusted
Undistributed Income Prior Year0UndistributedIncomePriorYear
Total For Prior Years0TotalForPriorYears
Excess Distri Carryover Year52214327ExcessDistriCarryoverYear5
Excess Distri Carryover Year41836712ExcessDistriCarryoverYear4
Excess Distri Carryover Year31032471ExcessDistriCarryoverYear3
Excess Distri Carryover Year22785609ExcessDistriCarryoverYear2
Excess Distri Carryover Year11781492ExcessDistriCarryoverYear1
Total Excess Distri Carryover9650611TotalExcessDistriCarryover
Qualifying Distributions2014500QualifyingDistributions
Applied To Year10AppliedToYear1
Applied To Prior Years0AppliedToPriorYears
Treated As Distri From Corpus0TreatedAsDistriFromCorpus
Applied To Current Year15903AppliedToCurrentYear
Remaining Distri From Corpus1998597RemainingDistriFromCorpus
Excess Distri Cyov App CY Corpus0ExcessDistriCyovAppCYCorpus
Excess Distri Cyov Applied CY0ExcessDistriCyovAppliedCY
Total Corpus11649208TotalCorpus
Prior Year Undistributed Income0PriorYearUndistributedIncome
Prior Year Deficiency Or Tax0PriorYearDeficiencyOrTax
Taxable Amount10TaxableAmount1
Taxable Amount20TaxableAmount2
Undistributed Income CY0UndistributedIncomeCY
Distri From Corpus170b1 E Or4942g30DistriFromCorpus170b1EOr4942g3
Excess Distri Cyov From Year52214327ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year9434881ExcessDistriCyovToNextYear
Excess From Year41836712ExcessFromYear4
Excess From Year31032471ExcessFromYear3
Excess From Year22785609ExcessFromYear2
Excess From Year11781492ExcessFromYear1
Excess From Current Year1998597ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (7 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
Cleveland Clinic
9500 Euclid AveClevelandOH44195None501(c)(3)Support the charitable purpose of the organization$100,000
Foundation Fighting Blindness
11435 Cronwell DriveOwings Mills MarylandMD21117Chairman501(c)(3)Support the charitable purpose of the organization$314,500
Mayo Clinic
200 First Street SWRochesterMN55905None501(c)(3)Support the charitable purpose of the organization$125,000
Philadelphia Museum of Art
PO Box 7646PhiladelphiaPA19101None501(c)(3)Support the charitable purpose of the organization$1,000,000
University Medical Center of Princeton
Witherspoon StreetPrincetonNJ08542None501(c)(3)Support the charitable purpose of the organization$300,000
Kellogg School of Management
2020 Ridge Ave 3rd FloorEvanstonIL60208None501(c)(3)Support the charitable purpose of the organization$125,000
Gerry Lenest Fund
PO Box 7646PhiladelphiaPA19101None501(c)(3)Support the charitable purpose of the organization$50,000
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year2014500TotGrantOrContriPaidDuringYear

Grant Or Contri Approved For Future GrantOrContriApprovedForFuture (6 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
Kellogg School of Management
2020 Ridge Ave 3rd FloorEvanstonIL60208None501(c)(3)Support the charitable purpose of the organization$2,375,000
Mayo Clinic
200 First Street SWRochesterMN55905None501(c)(3)Support the charitable purpose of the organization$2,250,000
Philadelphia Museum of Art
PO Box 7646PhiladelphiaPA19101None501(c)(3)Support the charitable purpose of the organization$3,000,000
University Medical Center of Princeton
Witherspoon StreetPrincetonNJ08542None501(c)(3)Support the charitable purpose of the organization$3,900,000
Cleveland Clinic
9500 Euclid AveClevelandOH44195None501(c)(3)Support the charitable purpose of the organization$1,700,000
Gerry Lenest Fund
PO Box 7646PhiladelphiaPA19101None501(c)(3)Support the charitable purpose of the organization$200,000
FieldValueIRS element (for citing)
Tot Grant Or Contri Approved Future13425000TotGrantOrContriApprovedFuture

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$939ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Unrelated Business Income$0UnrelatedBusinessIncomeAmount
Exclusion$939ExclusionAmount
Related Or Exempt Function Income0RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Part XVIA939TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

FieldValueIRS element (for citing)
Trnsfr Of Cash To Noncharitable EO0TrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EO0TrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssets
Purchase Assets Noncharitable EO0PurchaseAssetsNoncharitableEO
Rental Of Facilities Etc0RentalOfFacilitiesEtc
Reimbursement Arrangements0ReimbursementArrangements
Loans Or Loan Guarantees0LoansOrLoanGuarantees
Performance Of Services Etc0PerformanceOfServicesEtc
Sharing Of Facilities Etc0SharingOfFacilitiesEtc
Relationships Noncharitable E Os0RelationshipsNoncharitableEOs

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFXOrganization501c3ExemptPF
General RuleXGeneralRule

Contributor Info ContributorInfo (5 entries)

Contributor NumberContributorNumberContributor Name IndividualContributorNameIndividualAddress Line1ContributorAddressUS/AddressLine1CityContributorAddressUS/CityStateContributorAddressUS/StateZIP CodeContributorAddressUS/ZIPCodeAggregate ContributionsAggregateContributionsPerson Contribution TypePersonContributionType
1Gordon Llura L Gund CLT 314 Nassau StreetPrincetonNJ085423285X
2Gordon Llura L Gund CLT 514 Nassau StreetPrincetonNJ08542461495X
3Gordon Llura L Gund CLT 614 Nassau StreetPrincetonNJ08542265717X
4Gordon Llura L Gund CLT 714 Nassau StreetPrincetonNJ08542720015X
5Gordon Llura L Gund CLT 814 Nassau StreetPrincetonNJ08542997600X

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

FieldValueIRS element (for citing)
CategoryGund Investment CorpCategory
Amount$75,000Amount
Net Investment Income75000NetInvestmentIncome
Disbursements Charitable Prps0DisbursementsCharitablePrps

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses

FieldValueIRS element (for citing)
DescriptionMiscellaneous ExpensesDescription
Revenue And Expenses Per Books445RevenueAndExpensesPerBooks
Net Investment Income445NetInvestmentIncome
Disbursements Charitable Prps0DisbursementsCharitablePrps

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor SubstantialContributor (5 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCode
Gordon & Llura Gund CLAT #3
14 Nassau StreetPrinceton NJNJ08542
Gordon & Llura Gund CLAT #5
14 Nassau StreetPrinceton NJNJ08542
Gordon & Llura Gund CLAT #6
14 Nassau StreetPrinceton NJNJ08542
Gordon & Llura Gund CLAT #7
14 Nassau StreetPrinceton NJNJ08542
Gordon & Llura Gund CLAT #8
14 Nassau StreetPrinceton NJNJ08542

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