Gerrish H Milliken Foundation in Wilmington, Delaware (DE)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Other organizations in Delaware
| Gerrish H Milliken Foundation | |
| Employer Identification Number (EIN) | 066037106 |
| Name of Organization | Gerrish H Milliken Foundation |
| In Care of Name | Wilmington Trust Co |
| Address | 1100 N Market St De3-C070, Wilmington, DE 19890-0001 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 03/1964 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $6,607,213 |
| Amount of Income | $3,991,183 |
| Form 990 Revenue Amount | $110,257 |
Non-representatives - add comments:
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $-4,494 | $82,102 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $1,258 | |||
| Dividends and interest from securities | $80,844 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $5,500 | |||
| Total expenses and disbursements | $556,679 | $1,586 | $0 | $552,325 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $4,729 | $1,586 | $375 | |
| Contributions, gifts, grants paid | $551,950 | |||
| Excess of revenue over expenses and disbursements | $-561,173 | |||
| Net investment income | $80,516 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $3,550,592 | $3,519,724 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $2,697,619 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $852,973 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $3,550,592 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-92,096 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $1,610 |
| Total credits and payments | $2,800 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $2,800 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $0 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $1,190 |
| Amount to be credited to 2013 estimated tax | $1,190 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $3,837,138 |
| Net value of noncharitable-use assets | $3,779,580 |
| Minimum investment return | $188,979 |
| Distributable Amount (for 2012) | |
| Distributable amount | $192,869 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $192,869 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Other organizations in Delaware | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Generations Home Care Inc | 2 Penns Way Ste 303, New Castle, DE 19720-2407 | DE | 1969-05 | $6,898,870 |
| 2 | Geoffrey Foundation, The Homer Family Foundation | 501 Silverside Rd Ste 123, Wilmington, DE 19809-1377 | DE | 1990-01 | $1,036,167 |
| 3 | George E Gordy Family Educational Trust Fund | 1100 N Market St Ste 310780, Wilmington, DE 19890-0001 | DE | 1985-05 | $403,771 |
| 4 | George Family Charitable Foundation | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 2008-12 | $103,707 |
| 5 | Georgetown Day Care Center Inc | PO BOX 534, Georgetown, DE 19947-0534 | DE | 1972-03 | $20 |
| 6 | Georgetown Fire Company Inc | PO BOX 77, Georgetown, DE 19947-0077 | DE | 2003-11 | $840,007 |
| 7 | Georgetown Historical Society | 510 S Bedford St, Georgetown, DE 19947-1852 | DE | 1981-02 | $43,566 |
| 8 | Georgetown Middle School Pto Inc | 301 W Market St, Georgetown, DE 19947-2317 | DE | 2009-07 | $20,427 |
| 9 | Georgetown Public Library | 123 W Pine St, Georgetown, DE 19947-1880 | DE | 1981-12 | $283,004 |
| 10 | Georgetown-North Georgetown Elementary Parents-Teachers Orgnzn | 301-A West Market Street, Georgetown, DE 19947 | DE | 1998-12 | $0 |
| 11 | Gerrish H Milliken Foundation | 1100 N Market St De3-C070, Wilmington, DE 19890-0001 | DE | 1964-03 | $3,991,183 |
| 12 | Ghana Bible College Foundation Inc | 4 Clyde Circle, New Castle, DE 19720 | DE | 2003-01 | $0 |
| 13 | Gibbons Foundation | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 2006-08 | $9,827 |
| 14 | Gilliam Foundation Inc | 200 Bellevue Parkway, Wilmington, DE 19809-3727 | DE | 2000-05 | $860,182 |
| 15 | Germeshausen Foundation Inc | 1201 N Market St Ste 1407, Wilmington, DE 19801-1163 | DE | 1999-12 | $7,625,808 |
| 16 | Fraternal Order Of Police, 16 Charles Rider Lodge | 5632 Galestown Reliance Rd, Seaford, DE 19973-6044 | DE | 1952-10 | $26,636 |
| 17 | Fraternity Of Alpha Zeta | 218 Trabant University Center, Newark, DE 19717 | DE | 1993-03 | $152,079 |
| 18 | Ganatra Family Foundation Inc | 500 Delaware Ave Ste 900, Wilmington, DE 19801-7409 | DE | 2000-07 | $63,104 |
| 19 | George D Dill Fam Foundation 5019894120 | 4250 Lancaster Pike Ste 100, Wilmington, DE 19805-1520 | DE | 2007-06 | $231,067 |
| 20 | Fred W Scheigert Family Foundation, Merrill Lynch Tr Co Ttee | 500 Delaware Ave Ste 900, Wilmington, DE 19801-7409 | DE | 2002-02 | $277,693 |
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