Louis E Wolfson Foundation Gilmore Rees & Carlson in Wellesley, 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
- Other organizations in Massachusetts
| Louis E Wolfson Foundation Gilmore Rees & Carlson | |
| Employer Identification Number (EIN) | 046053295 |
| Name of Organization | Louis E Wolfson Foundation Gilmore Rees & Carlson |
| In Care of Name | Paul Bishop Esq |
| Address | 70 Walnut St, Wellesley, MA 02481-2102 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 06/1952 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $15,849,376 |
| Amount of Income | $2,469,945 |
| Form 990 Revenue Amount | $915,715 |
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 | $829,999 | $829,999 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $6 | |||
| Dividends and interest from securities | $489,315 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $340,678 | |||
| Total expenses and disbursements | $883,360 | $68,560 | $0 | $799,565 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $133,360 | $68,560 | $49,565 | |
| Contributions, gifts, grants paid | $750,000 | |||
| Excess of revenue over expenses and disbursements | $-53,361 | |||
| Net investment income | $761,439 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $18,549,530 | $16,634,017 |
| Cash - non-interest-bearing | $35,717 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $18,480,029 | |
| Other | $33,784 | |
| Total liabilities | $44,055 | |
| Mortgages and other notes payable | $0 | |
| Other | $44,055 | |
| Total liabilities and net assets/fund balances | $18,505,475 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $340,678 |
| 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 | $15,229 |
| Total credits and payments | $19,045 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $14,800 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $4,245 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $9 |
| Tax due | $0 |
| Overpayment | $3,807 |
| Amount to be credited to 2013 estimated tax | $3,807 |
| 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 | $16,820,467 |
| Net value of noncharitable-use assets | $16,568,160 |
| Minimum investment return | $828,408 |
| Distributable Amount (for 2012) | |
| Distributable amount | $813,179 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $813,179 |
| 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 |
| Write your review! |
|
|
| Recently Added Reviews |
The Red Sox Foundation Inc in Boston, MA
  |
|
King Solomon Humanitarian Foundation For Handicapped Childre, Handi-Kids in Bridgewater, MA
|
| Iglesia Camino Al Calvario in Lynn, MA |
| Rossbach Charitable Remainder Tr, Rossbach Janice & C E Ahara Ttees in Lexington, MA |
| Massachusetts-Ponkapoag Tribal Council Inc in Bridgewater, MA |
|
Fc Blazers in Needham Hgts, MA
|
|
Twilight Throwers in Chelmsford, MA
|
| Wayland Baseball And Softball Association Inc in Wayland, MA |
Wellspring Inc in Hull, MA
 |
| Reason Alliance Ltd in Somerville, MA |
| Other organizations in Massachusetts | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Lotta Educational Fund | Nutter 155 Seaport Blvd, Boston, MA 02210 | MA | 1928-11 | $21,377 |
| 2 | Lotta M Crabtree Trust U/W Fbo Mary A Crabtree Fund | Nutter 155 Seaport Blvd, Boston, MA 02210 | MA | 1977-02 | $110,217 |
| 3 | Lotta M Crabtree Trust Uw Lotta Fund For Discharged Convicts | 155 Seaport Blvd, Boston, MA 02210-2698 | MA | 1977-02 | $166,052 |
| 4 | Lotta M Crabtree Trust Uw Lotta Hospital Fund | Nutter 155 Seaport Blvd, Boston, MA 02210 | MA | 1976-07 | $23,295 |
| 5 | Lotta M Crabtree Trust Uw Lotta Theatrical Fund | Nutter 155 Seaport Blvd, Boston, MA 02210 | MA | 1977-01 | $31,286 |
| 6 | Lotus Development Foundation Inc | 1 Rogers St, Cambridge, MA 02142-1209 | MA | 1991-04 | $1 |
| 7 | Lou & Lucienne Brightman Scholarship Foundation, Eastern Bank | 605 Broadway Lf42, Saugus, MA 01906-3200 | MA | 1987-10 | $127,454 |
| 8 | Lou Tompkins All Star Baseball League Inc | 258 Parker Street, Acton, MA 01720 | MA | 2003-09 | $0 |
| 9 | Louis & Nettie Horch Foundation Inc | 39 Pokeberry Rdg, Amherst, MA 01002-1514 | MA | $11 | |
| 10 | Louis A Frothingham Memorial Corp | PO BOX 299, North Easton, MA 02356-0299 | MA | 1934-03 | $198,640 |
| 11 | Louis E Wolfson Foundation Gilmore Rees & Carlson | 70 Walnut St, Wellesley, MA 02481-2102 | MA | 1952-06 | $2,469,945 |
| 12 | Louis Foundation, Langdon B Wheeler Ttee | 48 Lake View Ave, Cambridge, MA 02138-3326 | MA | 2006-12 | $241,828 |
| 13 | Louis Jacobs Charitable Trust, Freedman Mona F Ttee | 1010 Harrison Ave, Boston, MA 02119-2540 | MA | $3,685 | |
| 14 | Louis Linfield Simon Family Charitable Foundation | PO BOX 824, Leox, MA 01240-0824 | MA | 1999-12 | $124,097 |
| 15 | Louis T & Barbara B Falcone Foundation | 552 Adams St, Milton, MA 02186-5629 | MA | 1998-02 | $379,191 |
| 16 | Louisa Burt Wood Pratt Scholarship | PO BOX 382, Woods Hole, MA 02543-0382 | MA | 1998-01 | $79,338 |
| 17 | Louisa May Alcotts Orchard House Inc | 399 Lexington Rd, Concord, MA 01742-3712 | MA | 1941-01 | $894,757 |
| 18 | Louise B Allen & Douglas F Allen Scholarship Trust | 2 Centennial Dr Ste 4a, Peabody, MA 01960-7919 | MA | 1991-05 | $1,421 |
| 19 | Louise G Blanche M & William G Kleeman Fund Inc | 21 Custom House St, Boston, MA 02110-3507 | MA | 1968-11 | $15,396 |
| 20 | Latzer-Keydel Foundation | 95 Prince St, Jamaica Plain, MA 02130-2725 | MA | 1916-04 | $1 |
Organization representatives - add corrected or new information about Louis E Wolfson Foundation Gilmore Rees & Carlson »
Non-representatives - add comments about Louis E Wolfson Foundation Gilmore Rees & Carlson»