Albert J Gifford Charitable Tr in Worcester, Massachusetts (MA)
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
- Unrelated Trade or Business Income
- Deductions Not Taken Elsewhere
- Other organizations in Massachusetts
| Albert J Gifford Charitable Tr | |
| Employer Identification Number (EIN) | 046023790 |
| Name of Organization | Albert J Gifford Charitable Tr |
| Address | 370 Main St 12th Fl, Worcester, MA 01608-1723 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 04/1962 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,572,199 |
| Amount of Income | $406,014 |
| Form 990 Revenue Amount | $89,128 |
Non-representatives - add comments:
Revenue for 2012
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 | $152,506 | $150,191 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $5 | |||
| Dividends and interest from securities | $58,077 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $82 | |||
| Other | $94,342 | |||
| Total expenses and disbursements | $139,114 | $13,412 | $0 | $122,642 |
| Compensation of officers, directors, trustees, etc. | $5,000 | |||
| Total operating and administrative expenses | $29,043 | $13,412 | $12,571 | |
| Contributions, gifts, grants paid | $110,071 | |||
| Excess of revenue over expenses and disbursements | $13,392 | |||
| Net investment income | $136,779 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,526,435 | $2,107,198 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $260,542 | |
| Investments-corporate stock | $1,227,909 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $37,984 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,526,435 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $94,342 |
| Net capital loss | $0 |
| 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 | $1,368 |
| Total credits and payments | $3,066 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,566 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $1,500 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $1,698 |
| Amount to be credited to 2013 estimated tax | $1,698 |
| 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? | Yes |
| 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 | $2,192,191 |
| Net value of noncharitable-use assets | $2,159,300 |
| Minimum investment return | $107,965 |
| Distributable Amount (for 2012) | |
| Distributable amount | $106,597 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $106,597 |
| 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 |
| Unrelated Trade or Business Income (for 2008) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $5,954 | $0 | $5,954 |
| Gross receipts or sales less returns and allowances | $0 | $0 | $0 |
| Cost of goods sold | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 |
| Capital gain net income | $0 | $0 | $0 |
| Net gain | $0 | $0 | $0 |
| Capital loss deduction for trusts | $0 | $0 | $0 |
| Income (loss) from partnerships and S corporations | $59,541 | $14 | $5,954 |
| Rent income | $0 | $0 | $0 |
| Unrelated debt-financed income | $0 | $0 | $0 |
| Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
| Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
| Exploited exempt activity income | $0 | $0 | $0 |
| Advertising income | $0 | $0 | $0 |
| Other income | $0 | $0 | $0 |
| Deductions Not Taken Elsewhere (for 2008) | |
| Total deductions | $0 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $0 |
| Repairs and maintenance | $0 |
| Bad debts | $0 |
| Interest | $0 |
| Taxes and licenses | $0 |
| Charitable contributions | $0 |
| Depreciation | $0 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $0 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $0 |
| Unrelated business taxable income | $554 |
| Unrelated business taxable income before net operating loss deduction | $5,954 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $5,954 |
| Specific deduction | $1,000 |
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| Other organizations in Massachusetts | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Newton Police Memorial Association | 1321 Washington St, West Newton, MA 02465-2011 | MA | 1983-01 | $257,781 |
| 2 | St Louis County Water Co Benefit Tr For Collective Bargaining Employee | PO BOX 5100, Boston, MA 02206-5100 | MA | 1993-12 | $1,688,780 |
| 3 | Tufts University Employee Benefits Tr 060194 Prhb, Leverone Susan C Et Al Ttees | 169 Holland St, Somerville, MA 02144-2401 | MA | 1994-12 | $5,953,550 |
| 4 | Market Technicians Association Educational Foundation | Po Box 425127, Cambridge, MA 02142 | MA | 1993-11 | $50,863 |
| 5 | The Hingham High School Cross Country Boosters Inc | PO BOX 535, Hingham, MA 02043-0535 | MA | 2004-05 | $68,765 |
| 6 | Commonwealth Foundation Inc | 186 Hampshire Street, Cambridge, MA 02139-1387 | MA | 1985-05 | $115,797 |
| 7 | Aaron Foundation | 10 Possum Rd, Weston, MA 02493-2318 | MA | 1953-07 | $917,559 |
| 8 | Abrams Foundation Inc, Abrams David C Co-Ttee | 222 Berkeley St 21st Floor, Boston, MA 02116-3748 | MA | 2008-03 | $17,785,881 |
| 9 | Action Inc | 180 Main St, Gloucester, MA 01930-6002 | MA | 1969-01 | $48,450,794 |
| 10 | Advent School Corporation | 15 Brimmer St, Boston, MA 02108-1001 | MA | 1963-05 | $5,852,481 |
| 11 | Albert J Gifford Charitable Tr | 370 Main St 12th Fl, Worcester, MA 01608-1723 | MA | 1962-04 | $406,014 |
| 12 | Alice's House Inc | C/O Jgibson 815 Union Street, Marshfield, MA 02050 | MA | 1998-02 | $25,985 |
| 13 | Amc Maine Woods Inc | 5 Joy St, Boston, MA 02108-1403 | MA | 2007-03 | $672,756 |
| 14 | Amelia Peabody Foundation | 1 Hollis St Ste 215, Wellesley, MA 02482-4677 | MA | 1944-02 | $109,714,731 |
| 15 | American Camping Association Inc New England Section | 80 Westview Street, Lexington, MA 02421-3128 | MA | 1950-06 | $816,547 |
| 16 | American Chemical Society, Northeastern Section | 19 Mill Rd, Harvard, MA 01451-1314 | MA | 1946-05 | $2,413,851 |
| 17 | The American Family Therapy Association | 150 Summer St, Haverhill, MA 01830-6032 | MA | 1978-11 | $338,181 |
| 18 | American Federation For Medical Research | 500 Cummings Ctr Ste 4550, Beverly, MA 01915-6534 | MA | 1966-10 | $598,807 |
| 19 | American Society Of Civil Engineers, Boston Society Of Ce Section The En | One Walnut Street, Boston, MA 02108-3616 | MA | 1975-03 | $1,324,229 |
| 20 | American Society Of Heating Refreigerating & A-C Engineers, Boston | 140 Commonwealth Ave, Chestnut Hill, MA 02467-3800 | MA | 1973-11 | $178,252 |
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