Robertson Foundation in Princeton, New Jersey (NJ)

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Robertson Foundation
Employer Identification Number (EIN)136062464
Name of OrganizationRobertson Foundation
In Care of NamePrinceton University
AddressPO BOX 35, Princeton, NJ 08543-0035
ActivitiesOther school related activities
SubsectionEducational Organization
Ruling Date09/1962
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2008
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$927,776,356
Amount of Income$176,232,017
Form 990 Revenue Amount$142,508,781
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Single Organization Support


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Amount of income in 2008: $176,232,017
Robertson Foundation: 

 $176,232,017
Other organizations performing similar types of work: 

 $7,370,772

Assets in 2008: $927,776,356
Robertson Foundation: 

 $927,776,356
Other organizations performing similar types of work: 

 $26,018,213

Expenses in 2007: $123,856,357
Robertson Foundation: 

 $123,856,357
Other organizations performing similar types of work: 

 $2,570,274

Income to expenses ratio in 2007: 1.2
This organization: 

 1.2
Other organizations performing similar types of work: 

 2.5

Expenses allocated to program services in 2007: 26.0%
This organization: 

 26.0%
Other organizations performing similar types of work: 

 84.4%

Grants share in income in 2007: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 27.0%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$33,724,577$19,332,613$18,521,868$16,045,901$41,146,942$71,189,822$119,714,045$142,508,781
Contributions, gifts, grants, and similar amounts received$0$0$0$0$0$0$0$0
Contributions to donor advised funds$0$0
Direct public support$0$0$0$0$0$0$0$0
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$0$0$0$0$0$0$0$0
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$0$0$0$0$0$45,940$1,016,303$634,151
Dividends and interest from securities$11,787,952$8,614,418$7,781,615$5,967,754$5,843,807$1,810,221$1,568,706$2,496,926
Net rental income or (loss)$0$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$1,677,700$1,979,551$2,192,425$1,729,361$19,685,791$40,759,333$55,699,251$135,019,325
Gain or (loss) from sales of assets other than inventory$20,258,925$8,738,644$8,547,828$8,348,786$16,709,945$28,574,328$61,429,785$4,358,379
Gross amount from sales of assets other than inventory$416,957,541$440,221,693$281,502,798$1,147,132,638$265,890,118$273,141,335$317,484,575$38,081,615
Less: cost or other basis and sales expenses$396,698,616$431,483,049$272,954,970$1,138,783,852$249,180,173$244,567,007$256,054,790$33,723,236
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$-1,092,601$0$0$0
Total expenses$43,239,826$44,056,754$27,340,988$31,171,964$23,625,320$30,670,895$31,151,875$123,856,357
Program services$40,116,001$40,440,124$23,876,383$27,736,461$22,129,857$29,190,255$29,559,876$32,242,872
Management and general$3,123,825$3,616,630$3,464,605$3,435,503$1,495,463$1,480,640$1,591,999$91,613,485
Fundraising$0$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$556,844,864$524,498,974$493,405,575$559,674,479$636,446,605$731,005,484$880,725,434$804,754,151
Excess or (deficit) for the year$-9,515,249$-24,724,141$-8,819,120$-15,126,063$17,521,622$40,518,927$88,562,170$18,652,424
Net assets or fund balances at beginning of year$612,609,803$556,844,864$524,498,974$493,405,575$559,674,479$636,446,605$731,005,485$880,725,434
Other changes in net assets or fund balances$-46,249,690$-7,621,749$-22,274,279$81,394,967$59,250,504$54,039,952$61,157,779$-94,623,707
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$123,856,357$32,242,872$91,613,485$0
Grants paid from donor advised funds$0
Other grants and allocations$32,242,872
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$28,314$0$28,314$0
Supplies$0$0$0$0
Telephone$0$0$0$0
Postage and shipping$0$0$0$0
Occupancy$0$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$0$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$91,585,171$0$91,585,171$0
Balance Sheets
20002001200220032004200520062007
Total assets$558,348,781$525,114,097$497,982,607$571,517,966$645,382,916$760,474,954$917,282,751$927,776,356
Cash - non-interest-bearing$114,976$637,231$92,112$0$2,537,023$1,240,108$3,365,762$382,246
Savings and temporary cash investments$0$0$0$0$0$5,194,107$17,861,127$7,148,584
Accounts receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$0$0$0$0$0$0$0$0
Investments - publicly-traded securities$561,595,823$29,189,582
Investments - other securities$556,947,832$522,989,178$497,040,250$477,460,201$483,983,944$524,103,219$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$0$0$0$93,288,877$158,800,000$229,673,349$334,106,767$891,041,465
Land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Other assets, including program-related investments$1,285,973$1,487,688$850,245$768,888$61,949$264,171$353,272$14,479
Total liabilities$1,503,917$615,123$4,577,032$11,843,487$8,936,311$29,469,469$36,557,317$123,022,205
Accounts payable and accrued expenses$419,285$377,525$256,612$120,426$75,922$100,318$87,290$83,700
Grants payable$0$0$0$0$8,755,549$29,315,581$31,385,165$32,932,064
Deferred revenue$0$0$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0$0$0
Other liabilities$1,084,632$237,598$4,320,420$11,723,061$104,840$53,570$5,084,862$90,006,441
Total liabilities and net assets/fund balances$558,348,781$525,114,097$497,982,607$571,517,966$645,382,916$760,474,954$917,282,751$927,776,356
Total net assets or fund balances$556,844,864$524,498,974$493,405,575$559,674,479$636,446,605$731,005,485$880,725,434$804,754,151
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$33,724,577$19,332,613$18,521,868$16,045,901$0$0$0$0
Total revenue, gains, and other support per audited financial statements$-12,525,113$11,710,864$-3,752,411$94,434,842$0$0$0$0
Other expenses$-46,249,690$-7,621,749$-22,274,279$81,394,967$0$0$0$0
Net unrealized gains on investments$-46,249,690$-7,621,749$-22,274,279$81,394,967$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other revenue$0$0$0$3,006,026$0$0$0$0
Investment expenses$0$0$0$3,006,026$0$0$0$0
Other$0$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$43,239,826$44,056,754$27,340,988$31,171,964$0$0$0$0
Total expenses and losses per audited financial statements$43,239,826$44,056,754$27,340,988$28,165,938$0$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other expenses$0$0$0$3,006,026$0$0$0$0
Investment expenses$0$0$0$3,006,026$0$0$0$0
Other$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings7
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?Yes
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?Yes
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$317,455$142,191,326$0
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$634,151$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$2,496,926$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income999999$317,455Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$134,701,870$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$4,358,379$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isNot controlled by disqualified persons/supports non private foundation
Type of supporting organizationType I
Information about the supported organizations
Employer identification number (EIN)Name of organizationType of organizationIs the supported organization listed in the supporting organization's governing documents?Amount of support
210634501Trustees Of Princeton University, Finance & Treasury OfficeYes$32,242,872
Total$32,242,872
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$317,455$0$317,455
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$3,174,551$0$317,455
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$11$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$294,044
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$31,573
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$262,471
Unrelated business taxable income$0
Unrelated business taxable income before net operating loss deduction$23,411
Net operating loss deduction$23,411
Unrelated business taxable income before specific deduction$0
Specific deduction$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Robertson FoundationPO BOX 35, Princeton, NJ 08543-0035NJ1962-09$176,232,017
2Rutgers University Foundation7 College Ave, New Brunswick, NJ 08901-1256NJ1974-04$143,100,975
3New Jersey Institute Of Technology FoundationUniversity Heights, Newark, NJ 07102NJ1961-12$36,479,761
4Montclair State University Foundation IncOne Normal Avenue College Hall No, Montclair, NJ 07043NJ1960-07$30,036,222
5Kean University Foundation Inc1000 Morris Avenue No T-130, Union, NJ 07083-7133NJ1988-11$26,351,177
6Foundation Of The University Of Medicine And Dentistry Of Nj120 Albany St Toweriiste850, New Brunswick, NJ 08901-2163NJ1974-02$16,376,534
7Ramapo College Foundation505 Ramapo Valley Rd, Mahwah, NJ 07430-1623NJ1971-12$6,330,617
8Forrestal Agricultural Corporation701 Carnegie Center Ste 438, Princeton, NJ 08540-6242NJ1998-12$5,156,442
9Ocean County College FoundationPO BOX 2001, Toms River, NJ 08754-2001NJ1967-05$3,082,830
10Woodrow Wilson FoundationPO BOX 35, Princeton, NJ 08544-0035NJ1958-09$676,329
11Friends Of Imagine International Academy Of North Texas5100 W Eldorado Parkway Ste 102-589, Mckinney, TX 75070TX2009-09$7,669,453
12Royal Arch Research Assistance IncPO BOX 128, Greenfield, IN 46140-0128IN1975-02$3,764,269
13University Metro Town Center Endowment Inc9201 University City Blvd, Charlotte, NC 28223-0001NC1982-11$1,563,501
14Fond Du Lac Area Catholic Education Foundation Inc255 County Road K, Fond Du Lac, WI 54937-8162WI2001-05$978,222
15Auld Public Library Foundation537 N Webster St, Red Cloud, NE 68970-2421NE1999-12$643,901
16Round Top Library Association IncPO BOX 245, Round Top, TX 78954-0245TX1999-10$221,005
17Uu World Of Children1135 State Park Rd, Greenville, SC 29609-1518SC2007-04$215,918
18Gandhi Medical College Global Alliance Inc540 Morningside Drive, Crown Point, IN 46307IN2006-04$149,058
19Rockenbaugh Elementary School Parent Teacher Organization700 Chaucer Ct, Southlake, TX 76092-8926TX1999-02$120,008
20School One Home And School Association Inc158 Park Slope, Clifton, NJ 07011NJ2001-06$0
Number of organizations performing similar types of work
Alaska1
Alabama13
Arkansas8
Arizona5
California78
Colorado11
Connecticut7
District of Columbia6
Delaware5
Florida38
Georgia18
Hawaii2
Iowa15
Idaho6
Illinois33
Indiana13
Kansas16
Kentucky17
Louisiana12
Massachusetts19
Maryland10
Maine2
Michigan15
Minnesota17
Missouri7
Mississippi4
Montana5
North Carolina30
North Dakota4
Nebraska5
New Hampshire2
New Jersey12
New Mexico6
Nevada2
New York42
Ohio32
Oklahoma11
Oregon7
Pennsylvania19
Rhode Island6
South Carolina8
South Dakota2
Tennessee8
Texas52
Utah4
Virginia29
Washington10
Wisconsin15
West Virginia6
Wyoming2
International4
Total701

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