Katherine And Lee Chilcote Foundation in Philadelphia, Pennsylvania (PA)

Katherine And Lee Chilcote Foundation
Employer Identification Number (EIN)	341856511
Name of Organization	Katherine And Lee Chilcote Foundation
In Care of Name	Glenmede Trust Company
Address	1650 Market St Ste 1200, Philadelphia, PA 19103-7311
Activities	Gifts, grants, or loans to other organizations
Subsection	Charitable Organization
Ruling Date	04/1998
Deductibility	Contributions are deductible
Foundation	Private non-operating foundation
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	12/2013
Assets	$1,000,000 to $4,999,999
Income	$500,000 to $999,999
Filing Requirement	990 - Not required to file (all other)
Asset Amount	$1,501,661
Amount of Income	$931,993
Form 990 Revenue Amount	$69,591
National Taxonomy of Exempt Entities (NTEE)	Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations

Non-representatives - add comments:

Amount of income in 2013: $931,993 (it was $666,805 in 2012)

Katherine And Lee Chilcote Foundation:	$931,993
Other organizations performing similar types of work:	$153,770

Assets in 2013: $1,501,661 (it was $1,512,823 in 2012)

This organization:	$1,501,661
Other organizations performing similar types of work:	$516,948

Expenses in 2013: $86,301

This organization:	$86,301
Other organizations performing similar types of work:	$60,348

Income to expenses ratio in 2013: 10.8

This organization:	10.8
Other organizations performing similar types of work:	2.2

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Expenses for 2013

	Revenue and expenses per books	Net investment income	Adjusted net income	Disbursements for charitable purposes (cash basis only)
Analysis of Revenue and Expenses (for 2013)
Total revenue	$75,143	$73,764	$0
Contributions, gifts, grants, etc., received	$0
Interest on savings and temporary cash investments	$0
Dividends and interest from securities	$36,126
Gross rents	$0
Gross sales price for all assets	$895,867
Gross profit from sales of goods	$0
Other income	$0
Other	$39,017
Total expenses and disbursements	$86,301	$9,397	$0	$74,035
Compensation of officers, directors, trustees, etc.	$0
Pension plans, employee benefits	$0
Legal fees	$0
Accounting fees	$1,500
Interest	$0
Depreciation	$0
Occupancy	$0
Travel, conferences, and meetings	$0
Printing and publications	$0
Total operating and administrative expenses	$14,491	$9,397		$2,225
Contributions, gifts, grants paid	$71,810
Excess of revenue over expenses and disbursements	$-11,158
Net investment income		$64,367
Adjusted net income			$0

	2011		2012		2013
Balance Sheets
	Book Value	Fair Market Value	Book Value	Fair Market Value	Book Value	Fair Market Value
Total assets	$1,495,928	$1,453,296	$1,512,823	$1,544,372	$1,501,661	$1,641,411
Cash - non-interest-bearing	$7,025		$4,281		$3,180
Investments-U.S. and state government obligations	$0		$0		$0
Investments-corporate stock	$0		$0		$0
Investments-corporate bonds	$0		$0		$0
Investments-mortgage loans	$0		$0		$0
Investments-other	$1,477,177		$1,477,288		$1,477,117
Other assets			$0		$0
Total liabilities	$0		$0		$0
Total liabilities and net assets/fund balances	$1,495,928		$1,512,823		$1,501,661

	2011	2012	2013
Capital Gains and Losses for Tax on Investment Income
Capital gain net income	$25,379	$52,911	$39,017
Net capital loss	$0	$0	$0

	2011	2012	2013
Excise Tax Based on Investment Income
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)	No	No	No
Tax based on investment income	$594	$1,780	$1,287
Total credits and payments	$1,290	$696	$1,785
Current year estimated tax payments and previous year's overpayment credited to current year	$1,290	$696	$1,785
Exempt foreign organizations-tax withheld at source	$0	$0	$0
Tax paid with application for extension of time to file (Form 8868)	$0	$0	$0
Backup withholding erroneously withheld	$0	$0	$0
Any penalty for underpayment of estimated tax	$0	$0	$0
Tax due		$1,084	$0
Overpayment		$0	$498
Amount to be credited to next year's estimated tax	$696	$0	$498

	2011	2012	2013
Statements Regarding Activities
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	No	No
Has the foundation engaged in any activities that have not previously been reported to the IRS?		No	No
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?		No	No
Has the foundation filed a tax return on Form 990-T for this year?		No	No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?	No	No	No
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?		Yes	Yes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?	No	No	No
Did any persons become substantial contributors during the tax year?		No	No
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?		No	No
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?		Yes	Yes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041		No	No

	2011	2012	2013
Statements Regarding Activities for Which Form 4720 May Be Required
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	No	No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?	No	No	No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?	No	No	No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?	No	No	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	No	No
Agree to pay money or property to a government official?	No	No	No
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?		No	No
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?		No	No
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?	No	No	No
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?		No	No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?	No	No	No
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?	No	No	No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?	No	No	No
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?		No	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	No	No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?	No	No	No
Provide a grant to an individual for travel, study, or other similar purposes?	No	No	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	No	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	No	No
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?		No	No
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?		No	No
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?		No	No

	2011	2012	2013
Minimum Investment Return
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes	$1,559,174	$1,545,751	$1,602,720
Net value of noncharitable-use assets		$1,522,565	$1,578,679
Minimum investment return	$76,789	$76,128	$78,934

	2011	2012	2013
Distributable Amount
Distributable amount	$76,195	$74,348	$77,647

	2011	2012	2013
Undistributed Income
Distributable amount for this year	$76,195	$74,348	$77,647
Undistributed income for this year. This amount must be distributed in the next year	$67,279	$70,897	$74,509

	2013	2012	2011	2010	Total
Private Operating Foundations (for 2010 - 2013)
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

Supplementary Information (for 2013)
Grants approved for future payment	$0

	Amount	Related or exempt function income
Analysis of Income-Producing Activities (for 2013)
Program service revenue
Fees and contracts from government agencies	$0	$0
Membership dues and assessments	$0	$0
Interest on savings and temporary cash investments	$0	$0
Dividends and interest from securities	$36,126	$0

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
Cash	No
Other assets	No
Other transactions:
Sales of assets to a noncharitable exempt organization	No
Purchases of assets from a noncharitable exempt organization	No
Rental of facilities, equipment, or other assets	No
Reimbursement arrangements	No
Loans or loan guarantees	No
Performance of services or membership or fundraising solicitations	No
Sharing of facilities, equipment, mailing lists, other assets, or paid employees	No

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	The Wallace Research Foundation	Attn Kay Hegarty 221 Third Ave Se, Cedar Rapids, IA 52401-1522	IA	1996-05	$44,138,975
2	Macula Vision Research Foundation	100 Front St Ste 300, Conshohocken, PA 19428-2894	PA	2004-03	$2,622,506
3	Todi Foundation	PO BOX 348, Gwynedd Vly, PA 19437-0348	PA	1996-06	$2,225,096
4	Wolstenholme Charitable Foundation	121 Pritchard Hollow Rd, Westfield, PA 16950-1416	PA	1998-07	$1,946,642
5	Riverside Foundation Charitable Tr, David Aungot	PO BOX 363, Lampeter, PA 17537-0363	PA	1997-08	$1,777,494
6	Brown-Daub Foundation	819 Nazareth Pike, Nazareth, PA 18064-9001	PA	1997-07	$1,508,952
7	Katherine And Lee Chilcote Foundation	1650 Market St Ste 1200, Philadelphia, PA 19103-7311	PA	1998-04	$931,993
8	George & Miriam Martin Foundation, Martin George Ttee	1818 Market St Fl 35, Philadelphia, PA 19103-3636	PA	1996-02	$847,946
9	Alvin S Engle Foundation	PO BOX 500, Mount Joy, PA 17552-0500	PA	1995-01	$350,207
10	Mccarl Foundation	3214 6th Ave, Beaver Falls, PA 15010-3552	PA	1997-06	$344,116
11	J Leon Lockard Trust Ua 51428	C/O Pnc Bank 620 Liberty Avenue No, Pittsburgh, PA 15222	PA	1997-04	$270,059
12	Goldsmith-Weiss Foundation Tr, Adams Neysa Cristol Etal Ttees	8302 Old York Rd Apt A33, Elkins Park, PA 19027-1532	PA	1998-04	$262,144
13	Frank S Lucente Foundation	PO BOX 1330, Somerset, PA 15501-0330	PA	1998-07	$196,799
14	Violet Clune Tr Fbo American Heart Assoc & American Cancer Society, Co Bruce Branz	PO BOX 185, Pittsburgh, PA 15230-0185	PA	1995-07	$105,975
15	The@r W And Shirley M Rissinger Foundation	108 Earl Dr, Millersburg, PA 17061-2406	PA	1998-03	$33,973
16	The Phillip K Dupre Family Foundation	PO BOX 776, Ligonier, PA 15658-0776	PA	1997-06	$19,470
17	Richard And Patricia Penske Foundation	12 E Market St, Bethlehem, PA 18018-5907	PA	1997-03	$9,631
18	Amoco Dealers And Jobbers Of Delawa Re Valley Charity Committee	721 Inverness Dr, Horsham, PA 19044-1813	PA	1993-07	$0
19	Citizens For Progress Inc	1611 Summit Ave, Willow Grove, PA 19090-4615	PA	1998-02	$0
20	Millersburg Charter Chapter Of American Business Womens Assoc	44 Dividing Ridge Road, Halifax, PA 17032	PA	1997-05	$0

Number of organizations performing similar types of work

Alabama	4
Arkansas	2
Arizona	14
California	43
Colorado	15
Connecticut	26
District of Columbia	4
Delaware	3
Florida	32
Georgia	10
Iowa	8
Idaho	1
Illinois	35
Indiana	3
Kansas	5
Kentucky	3
Louisiana	1
Massachusetts	52
Maryland	6
Maine	5
Michigan	11
Minnesota	13
Missouri	8
Mississippi	3

Montana	2
North Carolina	12
North Dakota	1
Nebraska	3
New Hampshire	6
New Jersey	30
New Mexico	3
Nevada	4
New York	181
Ohio	13
Oklahoma	8
Oregon	4
Pennsylvania	26
Rhode Island	10
South Carolina	5
Tennessee	8
Texas	62
Utah	10
Virginia	13
Washington	14
Wisconsin	11
West Virginia	3
Wyoming	2
International	2

Total

740

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