990 °PF Return of Private Foundation OMB No 1545-0052 Fom1 or Section 4947( a)(1) Nonexempt Charitable Trust 20 Department of the Treasury Treated as a Private Foundation 7 1 0 Internal Revenue service Note . The foundation ma y be able to use a co py of this return to satis fy state report in g re q uirements For c alendar vpar 71711n or tax va _ ar heninnina . 2010 . and endina , 20 C C. G Check all that apply H Initial return Initial return of a former public charity q Final return Amended return Address change Name change Name of foundation A Employer identification number FALCON FOUNDATION, INC. 27-1262865 Number and street (or P 0 box number if mail is not delivered to street address ) Room / suite B Telephone number (see page 10 of the instructions) C/O JANICE BRENNAN, FALCON MANAGEMENT CORP 400 WEST MAIN STREET (201) 847-9014 City or town, state, and ZIP code C If exemption application is ► pending , check here D 1 Foreign organ iz ations , check here , ► WYCKOFF, NJ 07481 2 Foreign organizations meeting the H Check type of organization X Section 501 ( cl 3 exempt private foundation comp65%tcomputation checkhere . and . attach. . . Section 4947 ( a )( 1 ) nonexem pt chantable trust Other taxable rivate foundation I Fair market value of all assets at end J Accounting method L_J Cash X Accrual E If private foundation status was terminated under section 507(b )( 1)(A), check hem . ► q of year (from Part I!, col (C), line q Other (specify) _ __ _ _ ____________ F If the foundation is in a60- month termination 16) ► $ 26,600,840. (Part 1, column (d) must be on cash basis ) under section 507(b )( 1)(B), check hen: . ► Analysis of Revenue and Expenses (The (d) Disbursements total of amounts in columns (b), (c), and (d) (a) Revenue and (b ) Net investment ( c) Adjusted net for charitable may not necessanly equal the amounts in expenses per books income income purposes column (a) (see p a g e 11 of the instructions ) ( cash basis onl y) I Contributions rfts, grants , etc, recened ( attach schedule) 2 Check ► if the foundation is not required to attach Sch B . . . . . . . . 3 Interest on savings and temporary cash investmen ts 47 , 52 5 47,525 . AT CH 1 4 Dividends and interest from securities . . . 87,446. 87,446 . ATCH 2 5a Gross rents . . . . . . . . . . . . . . . . b Net rental income or (loss) m 6a Net gain or ( loss) from sale of assets not on line 10 -892,393 . m b Gross sales puce for all assets on line 6a Y 7 Capital gain net income (from Part IV, line 2) 8 Net short-term capital gain . . . . . . . . . 9 Income modifications • • 10a Gross sales less returns and allowances b Less Cost of goods sold , c Gross profit or (loss )( attach schedule) . . 11 Other income ( attach schedule ) -313,212 . -328,467 . ATCH 3 , , , , , , . 12 Total Add lines 1 throu g h 11 -1,070,634 . -193,496 . 13 Compen sat ,^tP)tylr on of ofT(c$ t 0 ^ V ^ 11 \J 14 Other Other em ^ loge s 817f 3ge co , 15 Pension pl @, employee benefits • • • 16a Legal fees ( ch sdh #IeJ ,011 CL y b Accountm , . attach schedule) s (attach ' , , , c Other prof ssl ee^s sch 17 Interest. TTAH• 10,595 . 10,595 . L4 18 Taxes ( attac h schedule) ( see page 14 of the instructions ) 1, 535 1, 510 19 Depreciation ( attach schedule ) and depletion. a 20 Occupancy . . . . . . . . . . . . . . . . . o 21 Travel , conferences , and meetings . . . . . c cc 22 Printing and publications . . , c 23 Other expenses (attach schedule ) ATCH• •6 154, 652 154, 477 175 F 24 Total operating and administrative expenses. CL Add lines 13 through 23 .......... 166, 782 166, 582 175 25 Contributions , gifts, grants paid ... .. . , 278,500 278, 500 26 Total ex p enses anddisbursements Addlines 24and 25 445,282 166,582 278,675 27 Subtract line 26 from line 12 a Excess of revenue over expenses and disbursements -1, 515 ,916 , b Net investment income ( if negative, enter -0-) 0 c Adj usted net income ( if nega tive, enter -0- ) . . For Paperwork Reduction Act Notice , see page 30 of the instructions . JSA ** ATCH 5 Form 990-PF (2010) OE1410 1 000 2 34 3AP 1996 V 10-6.2 / PAGE 1
Transcript
990°PF Return of Private Foundation OMB No 1545-0052
Fom1 or Section 4947( a)(1) Nonexempt Charitable Trust
20Department of the Treasury Treated as a Private Foundation 71 0Internal Revenue service Note . The foundation may be able to use a co py of this return to satisfy state report in g requirements
For calendar vpar 71711n or tax va_ ar heninnina . 2010 . and endina , 20
CC.
G Check all that apply
H
Initial return Initial return of a former public charity q Final return
Amended return Address change Name change
Name of foundation A Employer identification number
FALCON FOUNDATION, INC. 27-1262865
Number and street (or P 0 box number if mail is not delivered to street address ) Room /suite B Telephone number (see page 10 of the instructions)
C/O JANICE BRENNAN, FALCON MANAGEMENT CORP
400 WEST MAIN STREET (201) 847-9014
City or town, state, and ZIP code C If exemption application is ►pending , check here
D 1 Foreign organ iz ations , check here , ►
WYCKOFF, NJ 07481 2 Foreign organizations meeting the
H Check type of organization X Section 501 ( cl 3 exempt private foundation comp65%tcomputationcheckhere
.
and
.
attach. . .
Section 4947 ( a )( 1 ) nonexem pt chantable trust Other taxable rivate foundation
I Fair market value of all assets at end J Accounting method L_J Cash X AccrualE If private foundation status was terminated
under section 507(b )( 1)(A), check hem . ► q
of year (from Part I!, col (C), line q Other (specify) _ __ _ _ ____________ F If the foundation is in a60- month termination
16) ► $ 26,600,840. (Part 1, column (d) must be on cash basis ) under section 507(b )( 1)(B), check hen: . ►
Analysis of Revenue and Expenses (The (d) Disbursementstotal of amounts in columns (b), (c), and (d) (a) Revenue and (b ) Net investment (c) Adjusted net for charitablemay not necessanly equal the amounts in expenses per
booksincome income purposes
column (a) (see page 11 of the instructions ) ( cash basis only)
I Contributions rfts, grants , etc, recened ( attach schedule)
2 Check ► if the foundation is not required toattach Sch B . . . . . . . .
3 Interest on savings and temporary cash investmen ts 4 7 , 5 2 5 47,525 . ATCH 1
4 Dividends and interest from securities . . . 87,446. 87,446 . ATCH 2
5a Gross rents . . . . . . . . . . . . . . . .
b Net rental income or (loss)
m 6a Net gain or ( loss) from sale of assets not on line 10 -892,393 .
mb Gross sales puce for all
assets on line 6a
Y 7 Capital gain net income (from Part IV, line 2)
8 Net short-term capital gain . . . . . . . . .
9 Income modifications • •10a Gross sales less returns
and allowances
b Less Cost of goods sold ,
c Gross profit or (loss ) ( attach schedule) . .
11 Other income ( attach schedule ) -313,212 . -328,467 . ATCH 3, , , , , , .
12 Total Add lines 1 throu g h 11 -1,070,634 . -193,496 .
31 Total liabilities and net assets/fund balances (see page 17
of the instructions) . ....................
-
0. 26, 600, 840.
Analysis of Chan ges in Net Assets or FundMEW Balances1 Total net assets or fund balances at beginning of year - Part II, column (a), line 30 (must agree with
Complete only for assets showing gain in column ( h) and owned by the foundation on 12/31/69 ( I) Gains (Col (h) gain minus
(i) F M V as of 12/31/69 0) Adj usted basisas of 12/31/69
( k) Excess of col (Qover col ()), if any
col ( k), but not less than -0-) orLosses (from col (h))
a
b
c
d
e
2 Capital gain net income or (net capital loss){
If gain, also enter in Part I, line 7
If (loss ), enter -0- in Part I, line 7 } 2 -892,393.
3 Net short-term capital gain or ( loss) as defined in sections 1222(5) and (6)
If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions)
If ( loss ) , enter -0- in Part I , line 8. 3
Qualification Under Section 4940 (e) for Reduced Tax on Net Investment Income(For optional use by domestic private foundations subject to the section 4940 (a) tax on net investment income )
If section 4940 ( d)(2) applies, leave this part blank
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base penod9 Yes Q NoIf "Yes ," the foundation does not qualify under section 4940 ( e) Do not complete this part
1 Enter the annrnnriate amount in each cnlmmnfor each vaar pp naa 1A of the inctrnrfinnc hefnre makinn env antnac
Base period yearsCalendar year (or tax year beginning in ) Adj usted ual(bn distributions4 9 Net value of nonchantable use assets
Distnbut on ratio(col ( b) divided by col (c))
2009
2008
2007
2006
2005
2 Total of line 1, column (d) 2
3 Average distribution ratio for the 5-year base period - divide the total on line 2 by 5, or by the
number of years the foundation has been in existence if less than 5 years , , , , , , , , , 3
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5 4
5 Multiply line 4 by line 3 .. . . .. . , 5
6 Enter 1 % of net investment income (1 % of Part I, line 27b) . .. . . ... ... . .. . . . . . . 6
7 Add lines 5 and 6 .......................................... 7
8 Enter qualifying distributions from Part XII, fine 4 8If line 8 is equal to or greater than line 7, check the box in Part VI , line 1b, and complete that part using a 1% tax rate See thePart VI instructions on page 18
JsA Form 990-PF (2010)OE 1430 1 000
2343AP 1996 V 10-6.2 PAGE 3
Form 990- PF (2010 ) 27-1262 865 Page 4
KMM Excise Tax Based on Investment Income (Section 4940 ( a), 4940 (b), 4940( e), or 4948 - see page 18 of the instructions)
la Exempt operating foundations descnbed in section 4940(d)(2), check here ► and enter "N/A' on line 1
Date of ruling or determination letter _ -_---. ---_- (attach copy of ruling letter if necessary - see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 0.
here ► q and enter 1 % of Part I, line 27b
c All other domestic foundations enter 2% of line 27b Exempt foreign organizations enter 4% of
Part I, line 12, col (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only Others enter -0-) 2
(3) Furnish goods , services , or facilities to (or accept them from ) a disqualified person? . . . . . . . Yes X No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? . . . . . . . . Yes X No
(5) Transfer any income or assets to a disqualified person (or make any of either available forYes Nothe benefit or use of a disqualified person )?............................
(6) Agree to pay money or property to a government official? ( Exception . Check " No" if the
foundation agreed to make a grant to or to employ the official for a period after
Nq Yes otermination of government service , if terminating within 90 days ) . . . . . . . . . . . . . . . .
b If any answer is "Yes" to la( 1)-(6), 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 ( see page 22 of the instructions)? . . . . lb N JAq
Organizations relying on a current notice regarding disaster assistance check here . . . . . . . . . . . . . . ►c Did the foundation engage in a prior year in any of the acts described in la, other than excepted acts, that
were not corrected before the first day of the tax year beginning in 20107 . . . . . . . . . . . . . . . . . . . . . . . . . . 1 c x
2 Taxes on failure to distribute income ( section 4942 ) (does not apply for years the foundation was a private
operating foundation defined in section 49420 )( 3) or 4942 ())( 5))
a At the end of tax year 2010, did the foundation have any undistributed income ( lines 6d and
q qY Nes o6e, Part XIII) for tax year( s) beginning before 2010? . . . . . . . . . . . . . . . . . . . . . . .
If"Yes"list the years•--------- .-------- .--------
b Are there any years listed in 2a 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? ( If applying section 4942( a)(2) to
all years listed, answer " No" and attach statement - see page 22 of the instructions ) 2b N JA. . . . . . . . . . . . . . . . . . . . . .
c If the provisions of section 4942 ( a)(2) are being applied to any of the years listed in 2a, list the years here
3a Did the foundation hold more than a 2% direct or indirect interest in any business enterprise-171 1
at any time during the year? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . q Yes I- I No
b If "Yes," did it have excess business holdings in 2010 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? (Use Schedule C, Form 4720, to determine if the
foundation had excess business holdings in 2010 ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3b N A
4a Did the foundation invest during the year any amount in a manner that would jeopardize its chartable purposes? 4a X. . . . . . .b Did the foundation make any investment in a prior year ( but after December 31, 1969) that could j eopardize its
charitable purpose that had not been removed from ieooardv before the first day of the tax year beainnma in 2010? . . 4b X
Form 990-PF (2010)
JSA
OE 1450 1 000
2343AP 1996 V 10-6.2 PAGE 5
Form 990-PF 27-1262865 Page 6
- -7 Statements Regardinq Activities for Which Form 4720 May Be Required (continued)
Sa During the year did the foundation pay or incur any amount to
' q Y q No(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e)) , . , . . , es
(2) Influence the outcome of any specific public election (see section 4955), or to carry on,
directly or indirectly, any voter registration drive? Yes
q
X No
(3) Provide a grant to an individual for travel, study, or other similar purposes? . . . . . . , . , . , , Yes X No
(4) Provide a grant to an organization other than a charitable, etc, organization described in
' q Y q Nsection 509(a)(1), (2), or (3), or section 4940(d)(2) (see page 22 of the instructions) . . . . . . . es o
(5) Provide for any purpose other than religious, charitable, scientific, literary, or educational
f l h l ? q q Npurposes, or ior the prevention of crue ty to c dren or animals . . . . . . . . . . . . . . . . . Yes o
b If any answer is "Yes" to 5a(1)-(5), 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 (see page 22 of the instructions)? . . . 5b NIA
Organizations relying on a current notice regarding disaster assistance check here . . . . . . . . . . . . . . . ► q
c If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the tax
N/A? q Yes q Nobecause it maintained expenditure responsibility for the grant . . . . . . . . . . . . . .
If "Yes, " attach the statement required by Regulations section 53 4945-5(d)
6a Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums
fl b t t t? q Yes q Noon a persona ene i con rac . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? 6b X. . . . . . . , . ,
7a
If "Yes" to 6b, file Form 8870
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? q Yes q No
b If "Yes," did the foundation receive any proceeds or have any net income attributable to the transactions 7 b N, AInformation About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,and Contractors
1 List all officers. directors. trustees. foundation manaaers and their compensation (see Daae 22 of the instructions).
Total number of others receivin g over $50,000 forprofessional services . . ► NONE
Summary of Direct Charitable Activities
List the foundation's tour largest direct charitable activities during the tax year Include relevant statistical information such as the number oforganizations and other beneficiaries served, conferences convened, research papers produced, etc
Summary of Program-Related Investu-nents (see page 24 of the instructions)Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2 Amount
Total. Add lines 1 throu g h 3 . ►Form 990-PF (2010)
JSA
OE 1465 1 000
2343AP 1996 V 10-6.2 PAGE 7
Form 990 - PF (2010 ) 27-1262865 Page 8
Minimum Investment Return ( All domestic foundations must complete this part Foreign foundations,see page 24 of the instructions )
1 Fair market value of assets not used ( or held for use) directly in carrying out charitable, etc,
purposes
a Average monthly fair market value of securities . , .. ... ... . .. la 13,272,491.
b Average of monthly cash balances ..... ... . .. . .. lb 52,842.
c Fair market value of all other assets (see page 25 of the instructions ) . . . ... . ... . .. . . Ic 0..
d Total ( add lines la , b, and c) ........................ 1 d 13,325,333...e Reduction claimed for blockage or other factors reported on lines 1a and
1 c (attach detailed explanation) le2 Acquisition indebtedness applicable to line 1 assets 2 0.............................3 Subtract line 2 from line ld
.
3 13, 325, 333..................................4 Cash deemed held for charitable activities Enter 1 1 /2 % of line 3 (for greater amount, see page 25 of
the instructions) ................................................ 4 199, 880.
5 Net value of noncharitable - use assets . Subtract line 4 from line 3 Enter here and on Part V, line 4 5 13,125,453.
6 Minimum investment return . Enter 5% of line 5 6 656,273.
Distributable Amount ( see page 25 of the instructions ) ( Section 49420 )( 3) and 0)(5) private operatingfoundations and certain foreign organizations check here ► and do not complete this part )
1 Minimum investment return from Part X, line 6 .... . .. . . .. . . .. . ... . .. . . . . 1 656, 273.
2a Tax on investment income for 2010 from Part VI, line 5 2a 0.
b Income tax for 2010 (This does not include the tax from Part VI) 2b
c Add lines 2a and 2b ............................................. 2c 0 .
3 Distributable amount before adjustments Subtract line 2c from line 1 3 656, 273.
b Cash distribution test (attach the required schedule) 3b 0.
4 Qualifying distributions Add lines la through 3b Enter here and on Part V, line 8, and Part XIII, line 4 , , , 4 278,675.
5 Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment income
Enter 1 % of Part I, line 27b (see page 26 of the instructions) , , , , , , , , , , , , , , , , , , , , , , 5 N/A
6 Adjusted qualifying distributions . Subtract line 5 from line 4. , .. .. ... ... 6 278, 675 _
Note : The amount on line 6 will be used in Part V, column (b), in subsequent years when ca lculating whether the foundationqualifies for the section 4940(e) reduction of tax in those years
Form 990-PF (2010)
JSA
0E 1470 1 000
2343AP 1996 V 10-6.2 PAGE 8
Form 999-PF (2010) 27-1262865 Page 9
Undistributed Income (see page 26 of the instructions)
( a) (b) (c) (d)
1 Distributable amount for 2010 from Part XI, Corpus Years prior to 2009 2009 2010
line 7 656,273.
2 Undistributed income, if any, as of the end of 2010
a Enter amount for 2009 only , , ,
20 06b Total for pnoryears 20 08 20 07
3 Excess distributions carr
.
yover, if any, to 2010
a From 2005
b From 2006
c From 2007
d From 2008
e From 2009 302, 209.
If Total of lines 3a through e , , , , , , , , , , , 302,209.
4 Qualifying distributions for 2010 from Part XII,
line4 ► $ 278, 675.
a Applied to 2009, but not more than line 2a , , ,
b Applied to undistributed income of prior years (Election
required - see page 26 of the instructions) , , , , ,
c Treated as distributions out of corpus (Electionrequired - see page 26 of the instructions) , , ,
d Applied to 2010 distributable amount 278,675.
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2010 302, 209. 302, 209.(If an amount appears in column (d), the sameamount must be shown in column (a) )
6 Enter the net total of each column asindicated below:
a Corpus Add lines 3f, 4c, and 4e Subtract line 5
b Prior years' undistributed income Subtractline 4b from line 2b
c Enter the amount of prior years' undistributedincome for which a notice of deficiency has beenissued, or on which the section 4942(a) tax hasbeen previously assessed . . . . . . . . . . .
.
d Subtract line 6c from line 6b Taxableamount - see page 27 of the instructions
e Undistributed income for 2009 Subtract line4a from line 2a Taxable amount - see page27 of the instructions . . . . . . . . . . . . .
f Undistributed income for 2010 Subtract lines4d and 5 from line 1 This amount must bedistributed in 2011 ............... 75,389.
7 Amounts treated as distributions out of corpusto satisfy requirements imposed by section170(b)(1)(F) or 4942(g)(3) (see page 27 of theinstructions) . . . . . . .
8 Excess distributions carryover from 2005 notapplied on line 5 or line 7 (see page 27 of theinstructions) ... . .. . .... . .. ... .
9 Excess distributions carryover to 2011.
Subtract lines 7 and 8 from line 6a
10 Analysis of line 9
a Excess from 2006
b Excess from 2007 , , ,
c Excess from 2008
d Excess from 2009
e Excess from 2010 ,
Form 990-PF (2010)
JSA
OE 1480 1 000
2343AP 1996 V 10-6.2 PAGE 9
Form 990-PF (2010 ) 27-1262 865 Page 10
Private Operating Foundations ( see pag e 27 of the instructions and Part VII-A, q uestion 9) NOT APPLICABLE
1 a If the foundation has received a ruling or determination letter that it is a private operating
foundation , and the ruling is effective for 2010, enter the date of the ruling ►b L-FCheck box to indicate whether the foundation is a private operating foundation described in section 49420)(3) or 4942())(5)
2 a Enter the lesser of the ad-Tax year Prior 3 years
( e) Totaljusted net income from Part ( a) 2010 (b) 2009 (c) 2008 ( d) 2007
or the minimum investmentreturn from Part X for eachyear listed . . . . . . .
b 85% of tine 2a . . . . .
C Qualifying dtstnbuaons from Part
XII, line 4 for each year listed
d Amounts included in line 2c not
used directly for active conduct
of exempt activities . . . . .
e Qualifying distributions made
directly for active conduct of
exempt activities Subtract line
2d from line 2c
3 Complete 3a, b, or c for the
alternative test relied upon
a -Assets' alternative test - enter
(1) Value of all assets .
(2) Value of assets qualifying
under section
49420)(3)(B)(). . . .
b -Endowment' alternative test-
enter 2(3 of minimum nvest-
ment return shove in Part X
line 6 for each year listed
C 'Support' alternative test - enter
(1) Total support other than
gross investment income
(interest , dividends , rents,
payments on securities
loans (section 512(a)(5)),
or royalties) . . .
(2) Support from generalpublic and 5 or more
exempt organizations asprovided in section 4942
UIP)(e)Gu) . . . . . .
(3) Largest amount of sup-
port from an exempt
organization , , , , ,
4 Gross investment income ,
Supplementary Information (Complete this part only if the foundation had $5,000 or more in assetsat any time during the year -see page 28 of the instructions.)
1 Information Regarding Foundation Managers:
a List any managers of the foundation who have contributed more than 2% of the total contributions received by the foundationbefore the close of any tax year (but only if they have contributed more than $5,000) (See section 507(d)(2) )
N/A
b List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of theownership of a partnership or other entity) of which the foundation has a 10% or greater interest
N/A
2 Information Regarding Contribution , Grant , Gift, Loan, Scholarship, etc., Programs:
Check here Do, FRI if the foundation only makes contributions to preselected charitable organizations and does not acceptunsolicited requests for funds If the foundation makes gifts, grants, etc (see page 28 of the instructions) to individuals ororganizations under other conditions, complete items 2a, b, c, and d
a The name, address, and telephone number of the person to whom applications should be addressed
b The form in which applications should be submitted and information and materials they should include
N/A
c Any submission deadlines
N/A
d Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or otherfactors
N/A
JSAOE 1490 1 000 Form 990-PF (2010)
2343AP 1996 V 10-6.2 PAGE 10
Form 990-PF (2010) 27-1262865 Page 11
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future PaymentRecipient It recipient is an indimdual,
show any relat ionsh i p to Foundation Purpose of grant or AmountName and address (home or business) any foundation manager
13 Total Add line 12, columns ( b), (d), and (e) . . . . . . . . . . . . 13 -955,913.
(See worksheet in line 13 instructions on page 29 to verify calculations )
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No. Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the. accomplishment of the foundation ' s exempt purposes (other than by providing funds for such purposes) (See page 29 of the
Instructions )
Form 990 - PF (2010)JSAOE 1492 1 000
2343AP 1996 V 10-6.2 PAGE 12
Form 990-PF(2010) 27-1262865 Page 13
Information Regarding Transfers To and Transactions and Relationships With NoncharitableExempt Organizations
Did the organization directly or indirectly engage in any of the following with any other organization described Yes No
in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
organizations?
a Transfers from the reporting foundation to a noncharitable exempt organization of
(6) Performance of services or membership or fundraising solicitations . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 b 6 X
c Sharing of facilities, equipment, mailing lists, other assets, or paid employees . . . . . . . . . . . . . . . . . . . . . . . 1 c X
d If the answer to any of the above is "Yes," complete the following schedule Column (b) should always show the fair market
value of the goods, other assets, or services given by the reporting foundation If the foundation received less than fair market
(a) Name of organization (b) Type of organization (c) Description of relationship
Sign
Here
Under penalties of perjury decl a that I have examined this return, including accompanying schedules and statements , and to the best of my knowledge andbelie) true, correct an omp to Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge
-71 1 1 ' YtMS0C ratu of oKCer or trustee Date Title
Paid
Preparer
Pr-in ype preparer ' s name Prep is sign
Firm's name ► ERNST & YOUNG 0 - 0 - 16-6 ^
ture Date PTIN
I M--- - y I rinns OJuiOs5 po. 77 wvvW ttvC,LVUr,
ISELIN, NJ
JSA
OE 1493 1 000
2343AP 1996 V 10-6.
2a Is the foundation directly or indirectly affiliated with , or related to , one or more tax-exempt organizations
described in section 501 ( c) of the Code (other than section 501 (c)(3)) or in section 527? . . . . . . . . . . . . . . . . . . . F Yes q No
b If "Yes " cmm^leta the fdl wmm srhedrde
FALCON FOUNDATION, INC. 27-1262865FORM 990-PF - PART IV
CAPITAL GAINS AND LOSSES FOR TAX ON INVESTMENT INCOMEP
Kind of Property Description Date Date soldacquired
Gross sale Depreciation Cost or FMV Add basis Excess of Gainprice less allowed / other as of as of FMV over or
ex nses of sale a w ad i basis (loss )
FALCON FAMILY, LP NET CAPITAL GAIN/LOSS P VAR VAR
PROPERTY TYPE: OTHER
-892,393.
TOTAL GAIN(LOSS) ..... ........................................ -892,393.
JbA
OE 1730 1 000
2343AP 1996 V 10-6.2 PAGE 14
FALCON FOUNDATION, INC.
FORM 990PF - GENERAL EXPLANATION ATTACHMENT
EXCESS DISTRIBUTION CARRYOVERFORM 990-PF, PART XIII, LINE 3E
27-1262865
AFTER TERMINATION, LF FOUNDATION, INC. DISTRIBUTED IT'S EXCESSDISTRIBUTION CARRYOVER FROM 2009 OF $604,418 EQUALLY TO THE FALCONFOUNDATION, INC. AND SJS CHARITABLE TRUST. THE FALCON FOUNDATION, INC.RECEIVED $302,209 OF EXCESS DISTRIBUTIONS CARRYOVER FROM 2009.
2343AP 1996 V 10-6.2 PAGE 15
FALCON FOUNDATION, INC.
FORM 990PF, PART I - INTEREST ON TEMPORARY CASH INVESTMENTS
27-1262865
ATTACHMENT 1
REVENUEAND NET
EXPENSES INVESTMENTDESCRIPTION PER BOOKS INCOME
FALCON FAMILY, LP - US GOVT INTEREST INC 47,491. 47,491.MERRILL LYNCH - INTEREST INCOME 34. 34.
TOTAL 47,525. 47,525.
ATTACHMENT 12343AP 1996 V 10-6.2 PAGE 16
FALCON FOUNDATION, INC.
FORM 990PF, PART I - DIVIDENDS AND INTEREST FROM SECURITIES
27-1262865
ATTACHMENT 2
REVENUEAND NET
EXPENSES INVESTMENTDESCRIPTION PER BOOKS INCOME
FALCON FAMILY , LP - INTEREST INCOME 13 , 892. 13,892.FALCON FAMILY , LP - DIVIDEND INCOME 397. 397.FALCON FAMILY, LP - ORDINARY TRADE OR
BUSINESS DIVIDENDS 73,157. 73,157.
TOTAL 87,446 . 87,446.
2343AP 1996 V 10-6.2 PAGE 17ATTACHMENT 2
FALCON FOUNDATION, INC. 27-1262865
ATTACHMENT 3
FORM 990PF, PART I - OTHER INCOME
DESCRIPTIONFALCON FAMILY, LP - ORDINARY BUS. INCOMEFALCON FAMILY, LP - NET RENTAL REAL
RECIPIENT NAME AND ADDRESS FOUNDATION STATUS OF RECIPIENT
FORDHAM LAW SCHOOL NONE
140 WEST 62ND STREET 170(B)(1)(A)(II)
NEW YORK, NY 10023
COLUMBIA UNIVERSITY NONE
116TH STREET AND BROADWAY 170(B)(1)(A)(II)
NEW YORK, NY 10027
MONTCLAIR KIMBERLY ACADEMY NONE
201 VALLEY ROAD 170(B)(1)(A)(II)
MONTCLAIR, NJ 07042
AFRICAN PEOPLE 6 WILDLIFE FUND, INC. NONE
PO BOX 624 170(B)(1)(A)(VI)
BERNARDSVILLE, NJ 07924
PENCILS OF PROMISE, INC NONE
17 MEADOW PLACE 509(A)(2)
OLD GREENWICH, CT 06B70
WOMEN'S CAMPAIGN INTERNATIONAL NONE
3701 CHESTNUT STREET 170(B)(1)(A)(VI)
PHILADELPHIA, PA 19104
2343AP 1996 V 10-6.2
27-1262865
PURPOSE OF GRANT OR CONTRIBUTION AMOUNT
ACADEMIC CONTRIBUTION 140,000.
ACADEMIC CONTRIBUTION 50,000.
ACADEMIC CONTRIBUTION 20,000.
GENERAL CONTRIBUTION 10,000.
GENERAL CONTRIBUTION 5,000.
GENERAL CONTRIBUTION 10,000.
ATTACHMENT 11
PAGE 26
FALCON FOUNDATION, INC. 27-1262865
ATTACHMENT 11 (CONT'D)
RELATIONSHIP TO SUBSTANTIAL CONTRIBUTOR
AND
RECIPIENT NAME AND ADDRESS FOUNDATION STATUS OF RECIPIENT PURPOSE OF GRANT OR CONTRIBUTION AMOUNT
HUMAN NEEDS FOOD PANTRY, INC. NONE GENERAL CONTRIBUTION 5,000.
9 LABEL STREET 170(B)(1)(A)(VI)
MONTCLAIR, NJ 07042
MONTCLAIR PUBLIC LIBRARY FOUNDATION, INC. NONE GENERAL CONTRIBUTION 5,000
50 SOUTH FULLERTON AVENUE 170(B)(1)(A)(VI)
MONTCLAIR, NJ 07042
PARTNERS FOR WOMAN AND JUSTICE, INC. NONE GENERAL CONTRIBUTION 10,000.
60 SOUTH FULLERTON AVE 170(B)(1)(A)(VI)
MONTCLAIR, NJ 07042
AMERICAN SOCIETY OF INTERNATIONAL LAW NONE GENERAL CONTRIBUTION 1,000.
2223 MASSACHUSETTS AVE, NW 509(A)(2)
WASHINGTON, DC 20008-2847
MONTCLAIR ART MUSEUM NONE GENERAL CONTRIBUTION 17,500
3 SOUTH MOUNTAIN AVENUE 170(B)(1)(A)(VI)
MONTCLAIR, NJ 07042
FRIENDS OF TEAM ACADEMY CHARTER SCHOOLS NONE GENERAL CONTRIBUTION 5,000.
60 PARK PLACE 170(B)(1)(A)(II)
NEWARK, NJ 07102
TOTAL CONTRIBUTIONS PAID 278.500.
ATTACHMENT 11
2343AP 1996 V 10-6.2 PAGE 27
FALCON FOUNDATION, INC.
FORM 990-PF, PART XVI-A - ANALYSIS OF OTHER REVENUE
DESCRIPTION
FALCON FAMILY, LP - ORDINARY BUSINESS INCOME
FALCON FAMILY, LP - RENTAL REAL ESTATE INC.
FALCON FAMILY, LP - SECTION 1231 LOSS
FALCON FAMILY, LP - OTHER PORTFOLIO INCOME
FALCON FAMILY, LP - SECTION 1256 INCOME
FALCON FAMILY, LP - IRC SECTION 988 INCOME
FALCON FAMILY, LP - OTHER ORDINARY INCOME
TOTALS
2343AP 1996 V 10-6.2
BUSINESS EXCLUSION
CODE AMOUNT CODE
523000 15,255. 01
16
18
14
18
18
14
15,255.
27-1262865
ATTACHMENT 12
RELATED OR EXEMPT
AMOUNT FUNCTION INCOME
-16,644.
751.
-8.
-2.
-241,440.
-71,113.
-11.
-328,467.
PAGE 28ATTACHMENT 12
Fom, 8 8 6 8 Application for Extension of Time To File an(Rev JaMuary2011) Exempt Organization Return OMB No 1545-1709
Department of the TreasuryInternal Revenue Service ► File a separate application for each return.
• If you are filing for an Automatic 3-Month Extension , complete only Part I and check this box ► X
• If you are filing for an Additional ( Not Automatic ) 3-Month Extension , complete only Part II (on page 2 of this form)
Do not complete Part fl unless you have already been granted an automatic 3-month extension on a previously filed Form 8868
Electronic filing (6-file). You can electronically file Form 8868 if you need a 3-month automatic extension of time to file (6 months fora corporation required to file Form 990-T), or an additional (not automatic) 3-month extension of time You can electronically file Form8868 to request an extension of time to file any of the forms listed in Part I or Part II with the exception of Form 8870, InformationReturn for Transfers Associated With Certain Personal Benefit Contracts, which must be sent to the IRS in paper format (seeinstructions) For more details on the electronic filing of this form, visit www trs gov/efile and click on a-file for Chanties & Nonprofits
FOLM Automatic 3-Month Extension of Time. Only submit onginal (no copies needed)
A corporation required to file Form 990-T and requesting an automatic 6-month extension - check this box and complete
Part Ionly qAll other corporations (including 1120-C filers), partnerships, REM/Cs, and trusts must use Form 7004 to request an extension of time
to file income tax returns
Type or Name of exempt organization Employer identification number
print FALCON FOUNDATION, INC. 27-1262865
File by the Number, street, and room or suite no If a P O boK see instructions C/O JANICE BRENNAN, FALCON MANAGEMENT
due date for 400 WEST MAIN STREETfiling yourreturn See City, town or post office, state, and ZIP code For a foreign address, see instructions
instructions WYCKOFF, NJ 07481
Enter the Return code for the return that this application is for (file a separate application for each return ) , , , , , , , , , , -0 F4--j
Application
Is For
Return
Code
Application
Is For
Return
Code
Form 990 01 Form 990-T (corporation ) 07
Form 990-BL 02 Form 1041-A 08
Form 990-EZ 03 Form 4720 09
Form 990-PF 04 Form 5227 10
Form 990-T sec 401 a) or 408(atrust ) 05 Form 6069 11Form 990-T ( trust other than above ) 06 Form 8870 12
• The books are in the care of ► JANICE BRENNAN
Telephone No ► 201 847-9014 FAX No ► 201 847-0591
• If the organization does not have an office or place of business in the United States , check this box , , , , , , , , , , , , , , , ► q
• If this is for a Group Return , enter the organization ' s four digit Group Exemption Number (GEN) If this is
for the whole group , check this box , , , . , , ► q If it is for part of the group , check this box, , , , , , , ► and attach
a list with the names and EINs of all members the extension is for
1 I request an automatic 3 - month ( 6 months for a corporation required to file Form 990-T) extension of time
until 08 /15 , 20 11 , to file the exempt organization return for the organization named above The extension is
for the organization ' s return for
►8 calendar year 20 10 or
► tax year beginning - , 20 , and ending , 20
2 If the tax year entered in line 1 is for less than 12 months , check reason q Initial return q Final return
E]Change in accounting period
3a If this application is for Form 990-BL, 990-PF, 990-T, 4720, or 6069, enter the tentative tax, less any
nonrefundable credits See instructions 13a1$ 0.
b If this application is for Form 990-PF, 990-T, 4720, or 6069, enter any refundable credits and
estimated tax payments made Include any prior year overpayment allowed as a credit 3b $ 0,c Balance Due. Subtract line 3b from line 3a Include your payment with this form, if required, by using EFTPS
(Electronic Federal Tax Pa ym ent System) See instructions 3c $ 0 -Caution. If you are going to make an electronic fund withdrawal with this Form 8868, see Form 8453-EO and Form 8879-EO for
payment instructions
For Paperwork Reduction Act Notice , see Instructions . Form 8868 (Rev 1-2011)
