0 1 Form 990-PF Department of the Treasury Internal Revenue Service EXTENSION ATTACHED Return of Private Foundation or Section 4947( a)(1) Nonexempt Charitable Trust Treated as a Private Foundation Note: The foundation may be able to use a copy of this return to satisfy state reportf OMB No 1545-00 5 2 requirements 2006 For calendar year 2006, or tax year beginning JUL 1, 2006 , and ending JUN 3 0, 2007 G Check all that a pp ly : Initial return 0 Final return Amended return = Address chan g e 0 Name chan ge Use the IRS Name of foundation A Employer identification number label. Otherwise , HE PROSPECT HILL FOUNDATION , INC. 13-6075567 print Number and street (or P O box number if mail is not delivered to street address) Room/suite B Telephone number ortype 99 PARK AVENUE 2220 ( 212 ) 370-1165 See Specific Instructions City or town , state, and ZIP code C If exemption application is pending, check here N EW YORK NY 10 016 D 1 Foreign organizations, check here H Check type of organization: ®Sectfon 501(c)(3) exempt private foundation meetin 2 checForeign here aanizations nd attach comp cation 85% test, Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation E If t f d t t t d I Fair market value of all assets at end of year J Accounting method: ® Cash Accrual priva oun e a ion s a us was terminate under section 507(b)(1)(A), check here (from Part ll, col (c), line 16) 0 Other (specify) F If the foundation is in a 60-month termination 1111111 76 , 532 , 293 . (Part 1, column (d) must be on cash basis) under section 507 ( b )( 1 B), check here Poo. 0 Part I Analysis of Revenue and Expenses (The total of amounts in columns (b) (c), and (d) may not (a) Revenue and ex p enses p er books (b ) Net investment income (c) Adjusted net income (d) Disbursements for charitable purposes necessarily equal the amounts in column (a)) (cash basis only) 1 Contributions, gifts, grants, etc., received N / A 2 Check ► ® If the foundation is not required to attach Sch B 3 Interest on savings and temporary cash investments 306. 306 . STATEMENT 1 4 Dividends and interest from securities 70 , 410. 70 , 410. 5a Gross rents b Net rental income or (loss) R'/1 y 6a Net gain or (loss) from sale of assets not on line 10 771 , 273 . STATEMENT 2 l4^^ 7 Gross sales price for all b assets on line 6a 891 820, > a) 7 Capital gain net income (from Part IV, line 2) 0. Z cc 8 Net short-term capital gain fl 9 Income modifications Gross sales less returns 10a and allowances - b Less Cost of goods sold T t 9 c Gross profit or (loss) 11 Other income 11 , 984 , 748. 11 , 942 , 152. STATEMENT 3 •' 12 Total Add lines 1 through 11 12 , 826 , 737 . 12 , 012 , 868 . 13 Compensation of officers, directors, trustees, etc 0 . 0 . 0. >o 14 Other employee salaries and wages 99 , 400 . 0. 99 , 400. 15 Pension plans, employee benefits 28 , 482 . 0 . 28 , 482. N °y' 16a Legal fees STMT 4 175. 23 20 858. 317. 2 E0'1HRo1Hit lfees , , , nlere --'- - U JQ- T e ^ p STMT 5 158 350. 0. 0. CD 0 Fl 1 D )rich bfi^ d d etet n 4 810. 1 , 443 . 20 (&_Upao • J P_n 35 272 . 0. 35 272 . onff ^i^es, an meetings 27 284 . 0. 2 7 28 4. c i _ =2^ Esnntmg and pu f icatfons 6 855 . 0. 6 855 . 23 Other expenses STMT 6 254 , 691. 182 , 313. 72 , 378. a 24 Total operating and administrative ma expenses Add lines 13 through 23 638 319. 204 , 614 . 271 988 . 0 25 Contributions, gifts, grants paid 3 927 852 . 3 927 852 . 26 Total expenses and disbursements Add lines 24 and 25 4 566 171. 204 614. 4 199 840. 27 Subtract line 26 from line 12: a Excess of revenue over expenses and disbursements O 2 60 566. b Net investment income (if negative enter -0-) 11 80 8 254 c Ad j usted net income (if negative, enter -0-) N / A LHA For Privacy Act and Paperwork Reduction Act Notice , see the instructions Form 990-PF (20 6) 623501 01-29-07 3
Transcript
0 1
Form 990-PFDepartment of the TreasuryInternal Revenue Service
EXTENSION ATTACHEDReturn of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable TrustTreated as a Private Foundation
Note: The foundation may be able to use a copy of this return to satisfy state reportf
OMB No 1545-00 5 2
requirements 2006
For calendar year 2006, or tax year beginning JUL 1, 2006 , and ending JUN 3 0, 2007
G Check all that a pp ly : Initial return 0 Final return Amended return = Address chan g e 0 Name chan g e
Use the IRSName of foundation A Employer identification number
label.Otherwise , HE PROSPECT HILL FOUNDATION , INC. 13-6075567
print Number and street (or P O box number if mail is not delivered to street address) Room/suite B Telephone numberortype 99 PARK AVENUE 2220 ( 212 ) 370-1165
See SpecificInstructions
City or town , state, and ZIP code C If exemption application is pending, check here
NEW YORK NY 10 016 D 1 Foreign organizations, check here
H Check type of organization: ®Sectfon 501(c)(3) exempt private foundation meetin2
checForeignhere
aanizationsnd attach compcation
85% test,
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundationE If t f d t t t d
I Fair market value of all assets at end of year J Accounting method: ® Cash Accrualpriva oune a ion s a us was terminate
under section 507(b)(1)(A), check here
(from Part ll, col (c), line 16) 0 Other (specify) F If the foundation is in a 60-month termination1111111 76 , 532 , 293 . (Part 1, column (d) must be on cash basis) under section 507 ( b )( 1 B), check here Poo.0Part I Analysis of Revenue and Expenses
(The total of amounts in columns (b) (c), and (d) may not(a) Revenue andex p enses p er books
(b ) Net investmentincome
(c) Adjusted netincome
(d) Disbursementsfor charitable purposes
necessarily equal the amounts in column (a)) (cash basis only)
1 Contributions, gifts, grants, etc., received N / A2 Check ►® If the foundation is not required to attach Sch B
3 Interest on savings and temporarycash investments 306. 306 . STATEMENT 1
4 Dividends and interest from securities 70 , 410. 70 , 410.5a Gross rentsb Net rental income or (loss)
R'/1 y 6a Net gain or (loss) from sale of assets not on line 10 771 , 273 . STATEMENT 2l4^^ 7 Gross sales price for all
b assets on line 6a 891 820,
>a) 7 Capital gain net income (from Part IV, line 2) 0.Z
cc 8 Net short-term capital gain
fl 9 Income modificationsGross sales less returns
10a and allowances
-b Less Cost of goods sold
T t9
c Gross profit or (loss)
11 Other income 11 , 984 , 748. 11 , 942 , 152. STATEMENT 3•' 12 Total Add lines 1 through 11 12 , 826 , 737 . 12 , 012 , 868 .
Add lines 24 and 25 4 566 171. 204 614. 4 199 840.27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements O 2 6 0 566.b Net investment income (if negative enter -0-) 11 8 0 8 2 5 4c Ad j usted net income (if negative, enter -0-) N /A
LHA For Privacy Act and Paperwork Reduction Act Notice , see the instructions Form 990-PF (20 6)62350101-29-07
3
r 7
Form 990-RF (2006) TTP nuneD'C rP WTT_T_ L'nTTTTnArPTnTT TNTC' 1 1 _ 9117 I c. d, 7 Pane l
Balance Sheets Attached schedules and amounts in the description Beginning of year End of yearPart II column should beforend -o f-year amounts only ( a) Book Value ( b) Book Value ( c) Fair Market Value
eComplete 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(j) Adjusted basisas of 12/31/69
( k) Excess of col. (i)over col . ( I), if any
col. ( k), but not less than -0-) orLosses ( from col. (h))
a <120 , 547.b
cd
e
2 Capital net income or net capital loss).If gain , also enter in Part I, line 7
gain ( If (loss ) enter -0- in Part 1 line 7 } 2 <120 , 547.
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).If (loss), enter -0- in Part I, line 8 3 N /A
Part V 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 period ? 0 Yes ® No
If "Yes," the foundation does not qualify under section 4940( e). Do not complete this part.1 Enter the appropriate amount in each column for each year , see instructions before making any entries.
Base periiod yearsCalendar y ear or tax year be g innin g in q uali g distributionsAdjusted (bn ha)ntable use assetsNet value of nonc
3 Average distribution ratio for the 5-year base period - divide
the foundation has been in existence if less than 5 years
the total on line 2 by 5, or by the number of years
3 . 0 5 8 7 6 4
4 Enter the net value of noncharitable - use assets for 2006 from Part X, line 5 4 6 6 3 0 2 488.
5 Multiply line 4 by line 3 5 3 , 896 , 199.
6 Enter 1% of net investment income (1% of Part I, line 27b) 6 118 083.
7 Add lines 5 and 6 7 4 014 282.
8 Enter qualifying distributions from Part XII , line 4 8 4 199 840.
If 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 the Part VI instructions.
623521/01-29-07 Form 990-PF (2006)
Form 990-QF
Part VI Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948 - see instructions)
la Exempt operating foundations described in section 4940 ( d)(2), check here ► EJ and enter "N /A" on line 1.
Date of ruling letter : ( attach copy of ruling letter if necessary- see instructions)
b Domestic foundations that meet the section 4940 ( e) requirements in Part V, check here ►® and enter 1% 1 118 , 083.
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 0.
3 Add lines 1 and 2 3 118 , 083.
4 Subtitle A (income ) tax (domestic section 4947 ( a)(1) trusts and taxable foundations only. Others enter -0-) 4 0.
5 Tax based on investment income . Subtract line 4 from line 3. If zero or less, enter - 0- 5 118 , 083.
6 Credits/Payments:
a 2006 estimated tax payments and 2005 overpayment credited to 2006 6a 154 , 037.
b Exempt foreign organizations - tax withheld at source 6b
c Tax paid with application for extension of time to file (Form 8868) 6c
d Backup withholding erroneously withheld 6d
7 Total credits and payments. Add lines 6a through 6d 7 154 , 037.
8 Enter any penalty for underpayment of estimated tax. Check here ® if Form 2220 is attached 8
9 Tax due If the total of lines 5 and 8 is more than line 7, enter amount owed ► 9
10 Overpayment If line 7 is more than the total of lines 5 and 8, enter the amount overpaid ► 10 35 , 954.
11 Enter the amount of line 10 to be: Credited to 2007 estimated tax 3 5 9 5 4 . Refunded Do- 11 0.Part VII-A Statements Regarding Activities
la 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?
b Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see instructions for definition)?
If the answer is "Yes" to 1 a or 1 b, attach a detailed description of the activities and copies of any materials published or
distributed by the foundation in connection with the activities
c Did the foundation file Form 1120-POL for this year?
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. ► $ 0. (2) On foundation managers. ► $ 0.
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed on foundation
managers. ► $ 0.Has the foundation engaged in any activities that have not previously been reported to the IRS?
If "Yes, " attach a detailed description of the activities
3 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? If "Yes, " attach a conformed copy of the changes
4a Did the foundation have unrelated business gross income of $1,000 or more during the year?
b If "Yes," has it filed a tax return on Form 990-T for this year?
5 Was there a liquidation, termination, dissolution, or substantial contraction during the year2
If "Yes, " attach the statement required by General Instruction T
6 Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
• By language in the governing instrument, or
• By state legislation that effectively amends the governing instrument so that no mandatory directions that conflict with the state law
remain in the governing instrument?
7 Did the foundation have at least $5,000 in assets at any time during the year?
If "Yes, " complete Part ll, col (c), and Part XV
Ba Enter the states to which the foundation reports or with which it is registered (see instructions) ►NY
b If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney General ( or designate)
of each state as required by General Instruction G2 If 'No," attach explanation
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(1)(3) or 4942 (j)(5) for calendar
year 2006 or the taxable year beginning in 2006 ( see instructions for Part XIV)? If "Yes," complete Part XIV
contributors durino the tax
No
X
Form 990-PF (2006)
62353101-29-07
6
Form 990-P.F (2006) THE PROSPECT HILL FOUNDATION , INC. 13-6075567 Page 5Part VII-A Statements Regarding Activities Continued11 a At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
If "Yes, attach schedule. (see instructions) 11a X
b If "Yes, did the foundation have a binding written contract in effect on August 17, 2006, covering the interest, rents, royalties, and
annuities described in the attachment for line 11a2 N/A 11b
12 Did the foundation acquire a direct or indirect interest in any applicable insurance contract2 12 X
13 Did the foundation comply with the public inspection requirements for its annual returns and exemption applications 13 X
Web site address ► WWW. FDNCENTER.ORG/GRANTMAKER/PROS PECTHILL(NO CAPS)14 The books are in care of ► ROBERT J. BARLETTA, TREASURER Telephone no. ► (212) 3 7 0 -114 4
Located at ► 9 9 PARK AVENUE, SUITE 2 2 2 0 , NEW YORK, NY ZIP+4 ►10 01615 Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 - Check here ► El
and enter the amount of tax-exem p t interest received or accrued durm the year 10-1 15 N /APart VII- B Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column , unless an exception applies. Yes No
la During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? Yes ®No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? 0 Yes ® No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person2 = Yes ® No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ® Yes No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? 0 Yes ® No
(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
termination of government service, if terminating within 90 days.) 0 Yes ® No
b If any answer is "Yes" to 1a(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)?
Organizations relying on a current notice regarding disaster assistance check here ►0c 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 20069
2 Taxes on failure to distribute income ( section 4942) (does not apply for years the foundation was a private operating foundation
defined in section 4942(j)(3) or 4942(l)(5)):
a At the end of tax year 2006, did the foundation have any undistributed income ( lines 6d and 6e, Part XIII) for tax year(s) beginning
before 20069 Yes ®No
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 instructions .) N/A 2b
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 at any time
during the years E::] Yes ®No
b If "Yes," did it have excess business holdings in 2006 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 2006.) N/A 3b
4a Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? 4a X
b 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 jeo p ard y before the first day of the tax y ear be g innin g in 2006? 4b X
Form 990-PF (2006)
62354101-29-07
7
Ann rtcvarc^.i niLILJ rVUI Jk111V1V 11v1.. 1.7-vv X77u ^ ra ge 6
Part VU-B I Statements Regarding Activities for Which Form 4720 May Be Required Continued5a During the year did the foundation pay or incur any amount to:
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? 0 Yes ® No
(2) Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly,
any voter registration drivel 0 Yes ®No
(3) Provide a grant to an individual for travel, study, or other similar purposes? = Yes ® No
(4) 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)? 0 Yes ®No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for
the prevention of cruelty to children or animals? 0 Yes ® No
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 instructions)? N/A 5b
Organizations relying on a current notice regarding disaster assistance check here
c If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the tax because it maintained
expenditure responsibility for the grant' N/A = Yes No
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 on
a personal benefit contract? 0 Yes ® No
b Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? 6b X
If you answered "Yes" to 6b, also file Form 8870
7a At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? 0 Yes ® No
b If yes , did the foundation receive an y p roceeds or have an y net income attributable to the transaction? N / A 7b
Part VIII Information About Officers, Directors , Trustees, Foundation Managers , Highlya Paid Employees , and Contractors
1 List all officers. directors . trustees . foundation managers and their compensation.
(a) Name and address(b) Title, and average
hours per week devotedto position
(c) Compensation( If not paid ,enter -0 -11
(d) Contributions to
emp andedeferredtans
compensation
(e) Expenseaccount, otherallowances
SEE STATEMENT 9 0. 0. 0.
2 Uomoensation of tive hiahest-paid emolovees (other than those included on line 11. If none. enter "NONE-"
(a) Name and address of each employee paid more than $50 ,000(b) Title and averagehours per week
devoted to p osition(c) Compensation
( d) Contributions toemp and etere plans
compensetlon
(e) Ex p enseaccount, otherallowances
KATY SPENCER
40.00 55 , 154. 5 , 019.
Total number of other employees paid over $50,000 1 0
Form 990-PF (2006)
82355101-29-07
8
Form 990-P.F (2006) THE PROSPECT HILL FOUNDATION, INC. 13-6075567 Page 7
Part VIII Information About Officers , Directors , Trustees , Foundation Managers , Highly0 Paid Employees , and Contractors Continued
3 Five highest - paid independent contractors for professional services. If none , enter " NONE."
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
ANTAEUS ENTERPRISES , INC.99 PARK AVENUE , NEW YORK , NEW YORK 10016 ADMINISTRATIVE 209 100.
Total number of others receiving over $50,000 for professional services ► 0
Part IX-A 1 summary of L)irect Ghar,tabie Activities
List the foundation's four largest direct charitable activities during the tax year. Include relevant statistical information such as thenumber of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 N /A
2
3
4
I Part IX- 13 1 Summary of Program- Related InvestmentsDescribe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 N / A
2
All other program -related investments See instructions.
3
Total . Add lines 1 through 3 0.
Form 990-PF (2006)
62356101-29-07
Form 990-PF (2006) THE PROSPECT HILL FOUNDATION, INC. 13-6075567 Page 8
Part X Minimum Investment Return (AII domestic foundations must complete this part Foreign foundations, see 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 1 a 0.
b Average of monthly cash balances 1 b 1 , 486 , 452 .
c Fair market value of all other assets 1c 65 , 825 , 719 .d Total (add lines la, b, and c) l d 67 312 171 .
e Reduction claimed for blockage or other factors reported on lines la and
1c (attach detailed explanation) le 0.
2 Acquisition indebtedness applicable to line 1 assets 2 0 .
3 Subtract line 2 from line 1d 3 67 , 312 , 171 .
4 Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see instructions) 4 1 , 009 , 683 .
5 Net value of noncharitable - use assets Subtract line 4 from line 3. Enter here and on Part V, line 4 5 66 , 302 , 488 .
6 Minimum investment return Enter 5% of line 5 fi 1 .315- 124 .
Part XIDistributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certainforeign organizations check here ► f and do not complete this part.)
1 Minimum investment return from Part X, line 6 1 3 , 315 , 124.2a
b
c
Tax on investment income for 2006 from Part VI, line 5 2a
Income tax for 2006. (This does not include the tax from Part VI.) 2b
Add lines 2a and 2b
118 , 083.
5 , 312.2c 123 , 395 .
3 Distributable amount before adjustments. Subtract line 2c from line 1 3 3 191 , 729 .4 Recoveries of amounts treated as qualifying distributions 4 0 .
5 Add lines 3 and 4 5 3 191 , 729 .
6 Deduction from distributable amount ( see instructions) 6 0 .
7 Distributable amount as adjusted Subtract line 6 from line 5. Enter here and on Part XIII, line 1 7 3. 191.729 .
PartXII Qualifying Distributions (see instructions)
a Expenses, contributions, gifts, etc. - total from Part I, column (d), line 26 la 4 , 199 , 840.b Program-related investments - total from Part IX-B 1b 0.
2 Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc., purposes 2
3 Amounts set aside for specific charitable projects that satisfy the:
a Suitability test (prior IRS approval required) 3a
b Cash distribution test (attach the required schedule) 3b
4 Qualifying distributions Add lines la through 3b. Enter here and on Part V, line 8, and Part XIII, line 4 4 4 , 199 , 840.5 Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
income. Enter 1% of Part I, line 27b 5 118 , 083.6 Adjusted qualifying distributions Subtract line 5 from line 4 6 4 081 , 757.
Note, The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for the section
4940(e) reduction of tax in those years
Form 990-PF (2006)
62357101-29-07
10
Form 990-PF (2006) THE PROSPECT HILL FOUNDATION, INC. 13-6075567 Page 9
Part XIII Undistributed Income (see instructions)
1 Distributable amount for 2006 from Part XI,
line 7
2 Undistributed income , if any, as of the end of 2005
a Enter amount for 2005 only
b Total for prior years:
3 Excess distributions carryover, if any, to 2006:
aFrom 2001 724 , 221.bFrom2002 595 , 989.cFrom2003 676 , 036.dFrom2004 649 , 749.e From 2005 427 , 018 .f Total of lines 3a through e
4 Qualifying distributions for 2006 from
Part XI 4,199,840.
a Applied to 2005, but not more than line 2a
b Applied to undistributed income of prior
years (Election required - see instructions)
c Treated as distributions out of corpus
(Election required - see instructions)
d Applied to 2006 distributable amount
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2008(If an amount appears in column ( d), the same amount
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. Subtract
line 4b from line 2b
c Enter the amount of prior years'undistributed income for which a notice ofdeficiency has been issued, or on whichthe section 4942(a) tax has been previouslyassessed
d Subtract line 6c from line 6b Taxable
amount - see instructions
e Undistributed income for 2005. Subtract line
4a from line 2a. Taxable amount - see instr.
f Undistributed income for 2006. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2007
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(E) or 4942(g)(3)
8 Excess distributions carryover from 2001
not applied on line 5 or line 7
9 Excess distributions carryover to 2007
Subtract lines 7 and 8 from line 6a
10 Analysis of line 9:
a Excess from 2002 595 , 989.bExcessfrom2003 676 036.
c Excess from 2004 649 , 749.
d Excess from 2005 427,01 8.
(a) (b)Corpus Years prior to 2005
(c)2005
(d)2006
3 , 19 1 729.
0.
0.
0.
0.
3 , 191 , 729.
0.
0.
0.
0.
0.
0.
82358101-29-07
Form 990-PF (2006)
11
Form 990-PF 2006 THE PROSPECT HILL FOUNDATION , INC. 13-6075567 Page10Part XIV Private Operating Foundations (see instructions and Part VII-A, question 9) N / A1 a If the foundation has received a ruling or determination letter that it is a private operating
foundation , and the ruling is effective for 2006, enter the date of the ruling ►b Check box to indicate whether the foun
2 a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part X for
each year listed
b 85% of line 2a
c Qualifying distributions 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 2cComplete 3a, b, or c for thealternative test relied upon:
a "Assets" alternative test - enter:(1) Value of all assets
(2) Value of assets qualifyingunder section 4942(I)(3)(B)(i)
b "Endowment" alternative test - enter2/3 of minimum investment returnshown in Part X, line 6 for each yearlisted
c "Support' alternative test - enter:
(1) Total support other than grossinvestment income (interest,dividends, rents, payments onsecurities loans (section512(a)(5)), or royalties)
(2) Support from general publicand 5 or more exemptorganizations as provided insection 4942(I)(3)(B)(m)
(3) Largest amount of support from
an exempt organization
( 4 ) Gross investment incomePart XV Supplementary Information (Complete this part only if the foundation had $5,000 or more in assets
at 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 foundation before the close of any taxyear (but only if they have contributed more than $5,000). (See section 507(d)(2) )
b List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the ownership of a partnership orother entity) of which the foundation has a 10% or greater interest.
NONE
2 Information Regarding Contribution , Grant , Gift, Loan, Scholarship , etc., Programs:
Check here ► El if the foundation only makes contributions to preselected charitable organizations and does not accept unsolicited requests for funds. Ifthe foundation makes gifts, grants, etc. ( see instructions ) to individuals or organizations 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:
TATEMENT 10
b The form in which applications should be submitted and information and materials they should include:
c Any submission deadlines:
d Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other factors:
ation is a p rivate o p erati foundation described in section LJ 4942 0)( 3 ) or U 4942(1)(5)Tax year Prior 3 years
(a) 2006 (b) 2005 (c) 2004 (d) 2003 ( e) Total
d
623601/01-29-07 Form 990-PF (2006)
12
Form 990-PF
Information11
3 Grants and Contributions Paid During the Year or Aooroved for Future Payment
Recipient If recipient is an individual,show any relationship to Foundation Purpose of grant or
f d status of t b t AmountName and address ( home or business ) any ation manageroun con ri u ion
or substantial contributor recipient
a Paid during the year
GRANT
(SEE ATTACHED SCHEDULE) 3,648,750.
MATCHING GRANTS
(SEE ATTACHED SCHEDULE) 279,102.
Total ► 3a 3 927 852.b Approved for future payment
GRANT COMMITMENTS
(SEE ATTACHED SCHEDULE) 4,492,500.
Total ► 3b 14 492 500 -623611/01 -29-07
Form 990-PF (2006)
13
Form 990-PF (2006) THE PROSPECT HILL FOUNDATION, INC. 13-6075567 Page 12
Part XVI -A Analysis of Income - Producing Activities
Enter I
1 Pro
a
b
c
d
e
f
9
2 Me
3 Int
Inv
4 Div
5 Net
a
b
6 Net
pro
7 0th
8 Gal
tha
9 Net
10 Gr
11 0th
a
b
c
d
e
12 Su
13 Total Add line 12, columns ( b), (d), and (e) 13 12,826,737.
(See worksheet in line 13 instructions to verify calculations
Part XVI -B Relationship of Activities to the Accomplishment of Exempt Purposes
14
Iross amounts unless otherwise indicated Unrelated business income Exclu ded by section 512 , 513 , or 514
ram service revenue :
(a)Businesscode
(b)Amount
E0c(u_Sioncode
(d )Amount
(e)
Related or exempt
function income
Fees and contracts from government agencies
mbership dues and assessments
rest on savings and temporary cashestments 01 306.idends and interest from securities 14 70 , 410.rental income or (loss ) from real estate:
Debt-financed property
Not debt -financed property
rental income or (loss ) from personal
perty
er investment income 14 11 , 942 , 152.n or (loss) from sales of assets other
n inventory 18 771 , 273.Income or ( loss) from special events
Form 990-PF (2006) THE PROSPECT HILL FOUNDATION, INC. 13-6075567 Page 1317VO-C-4 XVII Information Regarding Transfers To and Transactions and Relationships With Noncharitable
Exempt OrganizationsDid the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of Yes No
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:
(1) Cash la ( l ) X
(2) Other assets la ( 2 ) X
b Other transactions:
(1) Sales of assets to a noncharitable exempt organization 1b 1 X
(2) Purchases of assets from a noncharitable exempt organization lb ( 2 )1 X
(3) Rental of facilities, equipment, or other assets lb ( 3 ) X
(4) Reimbursement arrangements lb ( 4 ) X
(5) Loans or loan guarantees lb ( 5 ) X
(6) Performance of services or membership or fundraising solicitations lb ( 6 ) X
Sharing of facilities, equipment, mailing lists, other assets, or paid employees 1c X
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 value in any transaction or sharing arrangement, show in
(a) Name of organization (b) Type of organization ( c) Description of relationship
N /A
Under pen alties o ru , I d I e that I ave mined this return , including accompanying schedules and statements, and to the best of my knowledge and belief , it is true , correct,
any complet ec a n pr arer (other taxpayer or fiduciary) is based on all information of which preparer has any knowledge
^, Sign re f offl er
epare sN
'E signature0
a Qy firm's name (oryours MARKS PANETH & SHRON L
j If sell-employed ) 622 THIRD AVENUECLaddress and ZIPcode NEW YORK , NEW YORK 10 01P NEW
82362201-29-07
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? 0 Yes [ No
b If "Yes , " com p lete the followln schedule.
THE PROSPECT HILL FOUNDATION, INC. 13-6075567
FORM'990-PF INTEREST ON SAVINGS AND TEMPORARY CASH INVESTMENTS STATEMENT 1
SOURCE AMOUNT
INTEREST ON FEDERAL INCOME TAX REFUNDS 306.
TOTAL TO FORM 990-PF, PART I, LINE 3, COLUMN A 306.
16 STATEMENT(S) 1
THE PROSPECT HILL FOUNDATION, INC. 13-6075567
FORM'990-PF GAIN OR (LOSS) FROM SALE OF ASSETS STATEMENT 2
(A)
DESCRIPTION OF PROPERTY
ENDOWMENT & FOUNDATION
REALTY-JMBIII
(B) (C)GROSS COST OR
SALES PRICE OTHER BASIS
0. 120,547.
MANNER DATEACQUIRED ACQUIRED DATE SOLD
PURCHASED 05/20/85 06/29/07
(D) (E) (F)EXPENSE OF
SALE DEPREC. GAIN OR LOSS
(A)DESCRIPTION OF PROPERTY
UNREALIZED GAINS
(B) (C)GROSS COST OR
SALES PRICE OTHER BASIS
891,820. 0.
(D)EXPENSE OF
SALE
0.
0. 0. <120,547.>
MANNER DATEACQUIRED ACQUIRED DATE SOLD
PURCHASED
(E) (F)
DEPREC. GAIN OR LOSS
0. 891,820.
NET GAIN OR LOSS FROM SALE OF ASSETS 771,273.
CAPITAL GAINS DIVIDENDS FROM PART IV 0.
TOTAL TO FORM 990-PF, PART I, LINE 6A 771,273.
FORM 990-PF OTHER INCOME STATEMENT 3
(A) (B) (C)REVENUE NET INVEST- ADJUSTED
DESCRIPTION PER BOOKS MENT INCOME NET INCOME
NET INCOME FROM PARTNERSHIPS 11,942,152. 11,942,152.UNRELATED BUSINESS INCOME FROMPARTNERSHIPS 42,596. 0.
TOTAL TO FORM 990-PF, PART I, LINE 11 11,984,748. 11,942,152.
17 STATEMENT(S) 2, 3
THE PROSPECT HILL FOUNDATION, INC.
(C)ADJUSTED
NET INCOME
FORM'990-PF ACCOUNTING FEES STATEMENT 4
DESCRIPTION
(A) (B) (C) (D)
EXPENSES NET INVEST- ADJUSTED CHARITABLE
PER BOOKS MENT INCOME NET INCOME PURPOSES
MARKS PANETH & SHRON LLP
TO FORM 990-PF, PG 1, LN 16B
23,175. 20,858. 2,317.
23,175. 20,858. 2,317.
FORM 990-PF TAXES STATEMENT 5
DESCRIPTION
FEDERAL EXCISE TAXNYS INCOME TAXFEDERAL INCOME TAX
TOTAL TO FORM 990-PF, PART II, LINE 15 3,297. 3,297.
FORM 990-PF OTHER INVESTMENTS STATEMENT 8
FAIR MARKETDESCRIPTION BOOK VALUE VALUE
SEE ATTACHED SCHEDULE 74,747,108. 74,747,108.
TOTAL TO FORM 990-PF, PART II, LINE 13 74,747,108. 74,747,108.
FORM 990-PF PART VIII - LIST OF OFFICERS, DIRECTORS STATEMENT 9TRUSTEES AND FOUNDATION MANAGERS
EMPLOYEETITLE AND COMPEN- BEN PLAN EXPENSE
NAME AND ADDRESS AVRG HRS/WK SATION CONTRIB ACCOUNT
WILLIAM S. BEINECKE CHAIRMAN/DIRECTOR99 PARK AVENUE, SUITE 2220 2.00 0. 0. 0.NEW YORK, NY 10016
JOHN B. BEINECKE PRESIDENT/DIRECTOR99 PARK AVENUE, SUITE 2220 2.00 0. 0. 0.NEW YORK, NY 10016
FREDERICK W. BEINECKE VICE PRESIDENT/DIRECTOR99 PARK AVENUE, SUITE 2220 2.00 0. 0. 0.NEW YORK, NY 10016
ELIZABETH G. BEINECKE VICE PRESIDENT/DIRECTOR99 PARK AVENUE, SUITE 2220 2.00 0. 0. 0.NEW YORK, NY 10016
FRANCES B. ELSTON DIRECTOR99 PARK AVENUE, SUITE 2220 2.00 0. 0. 0.NEW YORK, NY 10016
19 STATEMENT(S) 7, 8, 9
THE PROSPECT HILL FOUNDATION, INC. 13-6075567
SARAH B.RICHARDSON DIRECTOR
99 PARK AVENUE, SUITE 2220 2.00 0. 0. 0.
NEW YORK, NY 10016
ROBERT BARLETTA TREASURER
99 PARK AVENUE, SUITE 2220 10.00 0. 0. 0.NEW YORK, NY 10016
TOTALS INCLUDED ON 990-PF, PAGE 6, PART VIII 0. 0. 0.
20 STATEMENT(S) 9
THE PROSPECT HILL FOUNDATION, INC. 13-6075567
FORM'990-PF GRANT APPLICATION SUBMISSION INFORMATION STATEMENT 10PART XV, LINES 2A THROUGH 2D
NAME AND ADDRESS OF PERSON TO WHOM APPLICATIONS SHOULD BE SUBMITTED
THE PROSPECT HILL FOUNDATION, INC.99 PARK AVENUE, SUITE 2220NEW YORK, NY 10016
TELEPHONE NUMBER
FORM AND CONTENT OF APPLICATIONS
PLEASE SEE WEBSITE WWW.FDNCENTER.ORG/GRANTMAKER/PROSPECTHILL (LOWER CASE)FOR FULL APPLICATION REQUIREMENTS.
ANY SUBMISSION DEADLINES
APPLICATIONS FOR GRANTS MAY BE SUBMITTED AT ANY TIME.
RESTRICTIONS AND LIMITATIONS ON AWARDS
PLEASE SEE WEBSITE WWW.FDNCENTER.ORG/GRANTMAKER/PROSPECTHILL (LOWER CASE)
FOR AWARD RESTRICTIONS AND LIMITATIONS.
21 STATEMENT(S) 10
Form 2220 Underpayment of Estimated Tax by CorporationsDepartment of the Treasury ► See separate instructionsInternal Revenue Service ► Attach to the corporation ' s tax return . FORM 9 9 0 - T
Name
-6075567Note: Generally, the corporation is not required to file Form 2220 (see Part II below for exceptions) because the IRS will figure any penalty owed and bill the
corporation. However, the corporation may still use Form 2220 to figure the penalty. If so, enter the amount from page 2, line 34 on the estimated taxpenalty line of the corporation's income tax return, but do not attach Form 2220.
Part I I Required Annual
I Total tax ( see instructions)
2 a Personal holding company tax (Schedule PH (Form 1120), line 26) included on line 1
b Look-back interest included on line 1 under section 460(b)(2) for completed long-term
contracts or of section 167(g) for depreciation under the income forecast method
c Credit for Federal tax paid on fuels (see instructions)
d Total Add lines 2a through 2c
Subtract line 2d from line 1. If the result is less than $500, do not complete or file this form. The corporation
does not owe the penalty
Enter the tax shown on the corporation's 2005 income tax return (see instructions). Caution* If the tax is zero
or the tax year was for less than 12 months, skip this line and enter the amount from line 3 on line 5
5 Required annual payment Enter the smaller of line 3 or line 4. If the corporation is required to skip line 4,
enter the amount from line 3 5 118 , 083.Part II Reasons for Filing - Check the boxes below that apply. If any boxes are checked, the corporation must file Form 2220
even if it does not owe a penalty (see instructions).
The corporation is using the adjusted seasonal installment method.
7 ® The corporation is using the annualized income installment method.
8 ® The cor p oration is a "lar g e cor p oration" fi g urin g its first re q uired installment based on the p rior year's tax.
Part III Fi g urin g the Underpayment
( a ) ( b ) ( c ) ( d )
9 Installment due dates Enter in columns (a) through(d) the 15th day of the 4th ( Form 990-PF filers:Use 5th month), 6th, 9th, and 12th months of thecorporation's tax year 9 11 / 15 / 06 12 / 15 / 06 03 / 15 / 07 06 / 15 / 07
10 Required installments If the box on line 6 and/or line 7
above is checked, enter the amounts from Sch A, line 38 If
the box on line 8 (but not 6 or 7) is checked, see instructions
for the amounts to enter. If none of these boxes are checked,
enter 25% of line 5 above in each col. Special rules apply to
corporations with assets of $1 billion or more (see instr) 10 45 , 000. 33 , 321. 39 , 762.11 Estimated tax paid or credited for each period (see
instructions). For column (a) only, enter the amount
from line 11 on line 15 11 30 , 037. 60,000. 64 , 000.Complete lines 12 through 18 of one column before
going to the next column
12 Enter amount, if any, from line 18 of the preceding column 12 30 , 037. 45 , 037. 75 , 716.13 Add lines 11 and 12 13 90 , 037. 109 037. 75 , 716.14 Add amounts on lines 16 and 17 of the preceding column 14
15 Subtract line 14 from line 13. If zero or less, enter -0- 15 30 , 037. 90 , 037. 109 , 037. 75 , 716.16 If the amount on line 15 is zero, subtract line 13 from line
14. Otherwise, enter -0- 16 0. 0.
17 Underpayment If line 15 is less than or equal to line 10,
subtract line 15 from line 10. Then go to line 12 of the next
column Otherwise, go to line 18 17
18 Overpayment If line 10 is less than line 15, subtract line 10
from line 15. Then g o to line 12 of the next column 18 , 30 , 037. 1 45 , 037. 1 75 , 716. 1Go to Part IV on page 2 to figure the penalty Do not go to Part IV if there are no entries on line 17 - no penalty is owed
JWA For Paperwork Reduction Act Notice, see separate instructions Form 2220 (2006)61280101-15-07
OMB No 1545-0142
2006Employer identification number
22
FORM 990-PFForm 2220 (2006) THE PROSPECT HILL FOUNDATION, INC. 13-6075567 Page 2
Part IV Figuring the Penalty
( a ) ( b ) c ( d )19 Enter the date of payment or the 15th day of the 3rd month
after the close of the tax year, whichever is earlier (see
instructions). (Form 990-PF and Form 990-T filers: Use 5th
month instead of 3rd month.) 9
20 Number of days from due date of installment on line 9 to the
date shown on line 19 20
21 Number of days on line 20 after 4/15/2006 and before 7/1/2008 21
22 Underpayment on line 17 x Number of days on line 21 x 7% 22
365
23 Number of days on line 20 after 6/30/2008 and before 4/1/2007 23
24 Underpayment on line 17 x Number of days on line 23 x 8% 24
365
25 Number of days on line 20 after 3/31/2007 and before 7/1/2007 25
26 Underpayment on line 17 x Number of days on line 25 X 26
365
27 Number of days on line 20 after 6/30/2007 and before 10/1/2007 27
28 Underpayment on line 17 x Number of days on line 27 x 28365
29 Number of days on line 20 after 9/30/2007 and before 1/1/2008 29
30 Underpayment on line 17 x Number of days on line 29 x'% 30365
31 Number of days on tine 20 after 12/31/2007 and before 2/16/2008 31
32 Underpayment on line 17 x Number of days on line 31 x 32
366
33 Add lines 22, 24, 26, 28, 30, and 32 33
34 Penalty Add columns (a) through (d), of line 33. Enter the to
Form 1120-A line 29; or the com parable line for other income
tal h
tax
ere and on Form 1120; li
returns
ne 33,
34 0.
For underpayments paid after March 31 , 2007: For lines 26, 28, 30, and 32, use the penalty interest rate for each calendar quarter, which the IRSwill determine during the first month in the preceding quarter. These rates are published quarterly in an IRS News Release and in a revenue ruling inthe Internal Revenue Bulletin. To obtain this information on the Internet, access the IRS website at www irs.gov You can also call 1-800-829-4933to get interest rate information.
JWA
61280201-15-07
Form 2220 (2006)
23
THE PROSPECT HILL FOUNDATION, INC. 13-6075567
Form 2220 2006 FORM 9 9 0- P F Pag e 3
Schedule A Adjusted Seasonal Installment Method and Annualized Income Installment Method (see instructions)
Form 1120S filers: For lines 1, 2, 3, and 21, below, 'taxable income' refers to excess net passive income or the amount on which tax isimposed under section 1374(a), whichever applies.
Part I - Adjusted Seasonal Installment Method Caution: Use this method only if the base period percentage foran y 6 consecutive months is at least 70%. See instructions. ) ( a ) ( b ) c ( d )
1 Enter taxable income for the following periods:
First 3
months
First 5
months
First 8
months
First 11
months
a Tax year be g innin g 2003 la
b Tax year be inninin 2004 lb
c Tax year be g innin g in 2005 1c
2 Enter taxable income for each period for the tax year
be g innin g in 2006. 2
3 Enter taxable income for the following periods:
First 4
months
First 6
months
First 9
monthsEntire year
a Tax year be g innin g in 2003 3a
b Tax year be g innin g in 2004 3b
c Tax year be g innin g in 2005 3c
4 Divide the amount in each column on line la by the
amount in column ( d ) on line 3a. 4
5 Divide the amount in each column on line lb by the
amount in column ( d ) on line 3b. 5
6 Divide the amount in each column on line 1c by the
amount in column ( d ) on line 3c. 6
7 Add lines 4 throu g h 6. 7
8 Divide line 7 b y 3. 8
9 Divide line 2 b y line 8. 9
10 Figure the tax on the amt on In 9 using the instr for Form
1120 , Sch J , In 2 ( or comparable In of cor p 's return ) . 10
1la Divide the amount in columns (a) through (c) on line 3a
b y the amount in column ( d ) on line 3a. 11a
b Divide the amount in columns (a) through (c) on line 3b
b y the amount in column ( d ) on line 3b 11b
c Divide the amount in columns (a) through (c) on line 3c
b y the amount in column ( d ) on line 3c. 11c
12 Add lines 11a thou g h 11c. 12
13 Divide line 12 b y 3. 13
14 Multiply the amount in columns (a) through (c) of line 10
by columns (a) through (c) of line 13. In column (d), enter
the amount from line 10 , column ( d ) 14
15 Enter any alternative minimum tax for each payment
p eriod ( see instructions ) 15
16 Enter an y other taxes for each p ayment p eriod ( see instr ) 16
17 Add lines 14 throu g h 16. 17
18 For each period, enter the same type of credits as allowed
on Form 2220 , lines 1 and 2c ( see instructions ) 18
19 Total tax after credits. Subtract line 18 from line 17. If
zero or less , enter -0-. 1961282101-15-07 JWA Form 2220 (2006)
24
THE PROSPECT HILL FOUNDATION, INC.Fnrm 9990 1.9nfR1 PERM Q Q n - PF
13-6075567Pnna A
Part II - Annualized Income Installment
Method * * ( a) (b) (c) (d)
20 Annualization p eriods ( see instructions ) . 20
First 2months
First 3months
First 6months
First 9months
21 Enter taxable income for each annualization period (seeinstructions ) . 21 2 250 000. 5 221 390. 8 886 958.
23 Annualized taxable income. Multi p l y line 21 b y line 22. 23 9 , 000 , 000. 10 , 442 , 780. 11 849 , 274.24 Figure the tax on the amount on line 23 using the
instructions for Form 1120, Schedule J, line 2
or comparable line of corp oration's return ) . 24 90 , 000. 104 , 428. 118 , 493.25 Enter any alternative minimum tax for each payment
p eriod ( see instructions ) . 25
26 Enter an y other taxes for each p ayment p eriod ( see instr ) 26
27 Total tax. Add lines 24throu g h 26. 27 90 , 000. 104 428. 118 493.28 For each period, enter the same type of credits as allowed
on Form 2220 , lines 1 and 2c ( see instructions ) . 28
29 Total tax after credits. Subtract line 28 from line 27. Ifzero or less enter -0-. 29 90 , 000. 104 , 428. 118 , 493.
30 App licable p ercenta g e. 30 25% 50% 75% 100%
31 Multi p l y line 29b line 30. 31 45 000. 78 , 321. 118 493.
Part III - Required Installments
Note: Complete lines 32 through 38 of one column before 1st 2nd 3rd 4th
completing the next column. installment installment installment installm ent
32 If only Part I or Part II is completed, enter the amount in
each column from line 19 or line 31. If both parts are
completed, enter the smaller of the amounts in each
column from line 19 or line 31. 32 0. 45 , 000. 78 , 321. 118 , 493.33 Add the amounts in all preceding columns of line 38
( see instructions ) . 33 45 , 000. 78 , 321.34 Adjusted seasonal or annualized income installments
Subtract line 33 from line 32 If zero or less enter -0-. 34 45 , 000. 33 321. 40 , 172.35 Enter 25% of line 5 on page 1 of Form 2220 in each
column. Note : Corporations with assets of $1 billion or
more and "large corporations," see the instructions for
line 10 for the amounts to enter. 35 29 , 521. 29 , 521. 29 , 520. 29 , 521.36 Subtract line 38 of the preceding column from line 37 of
the p recedin g column. 36 29 , 521. 14 , 042. 10 , 241.
37 Add lines 35 and 36 37 29 521. 59 , 042. 43 , 5 62. 39 , 762.38 Required installments Enter the smaller of line 34 or
line 37 here and on page 1 of Form 2220, line 10.
see instructions ) . 38 0. 45 , 000. 33 3 21 . 39 , 762.JWA Form 2220 (2006)
** ANNUALIZED INCOME INSTALLMENT METHOD USING STANDARD OPTION
81282201-15-07
25
Form 8868 I Application for Extension of Time To File an(Rev April2007) Exempt Organization Return OMB No 1545-1709Department of the Treasury
Int ernal 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 ►• 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 II unless you have already been granted an automatic 3-month extension on a previously filed Form 8868
Part I Automatic 3-Month Extension of Time . Only submit original (no copies needed)
Section 501(c) corporations required to file Form 990-T and requesting an automatic 6-month extension - check this box
and complete Part I only ►
All other corporations (including 1120-C filers), partnerships, REMICs, and trusts must use Form 7004 to request an extension of timeto file income tax returns.
Electronic Filing (e -file). Generally, you can electronically file Form 8868 if you want a 3-month automatic extension of time to file one of the returnsnoted below (6 months for section 501(c) corporations required to file Form 990-T) However, you cannot file Form 8868 electronically if (1) you wantthe additional (not automatic) 3-month extension or (2) you file Forms 990-BL, 6069, or 8870, group returns, or a composite or consolidated Form990-T Instead, you must submit the fully completed and signed page 2 (Part II) of Form 8868. For more details on the electronic filing of this form,visit www firs ov/efile and click on e-file for Charities & Nonprofits
Type or Name of Exempt Organization Employer identification number
print
THE PROSPECT HILL FOUNDATION , INC. 13-6075567File by the
due date for Number, street, and room or suite no If a P 0 box, see instructionsfiling your
return See99 PARK AVENUE NO. 2220
instructions City, town or post office, state, and ZIP code For a foreign address, see instructions
NEW YORK. NY 10016
Check type of return to be filed (file a separate application for each return)-
Form 990 0 Form 990-T (corporation ) 0 Form 4720
Form 990-BL Form 990-T (sec 401(a) or 408(a) trust) 0 Form 5227
Form 990-EZ 0 Form 990-T (trust other than above) 0 Form 6069
® Form 990-PF 0 Form 1041-A 0 Form 8870
• The books are in the care of ► ROBERT J. BARLETTA , TREASURER
Telephone No ► ( 212 ) 3 76-1144 FAX No ►• If the organization does not have an office or place of business in the United States, check this box ► 0• 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 ► 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 will cover
1 I request an automatic 3-month (6-months for a section 501(c ) corporation required to file Form 990-T) extension of time until
FEBRUARY 15, 200 8 , to file the exempt organization return for the organization named above The extension
is for the organization ' s return for
►0 calendar year or
tax year beginning JUL 1, 2006 , and ending JUN 30 , 2007
2 If this tax year is for less than 12 months, check reason LI Initial return LI Final return LI 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 3a 120 , 000.
b If this application is for Form 990-PF or 990-T, enter any refundable credits and estimated
tax payments made Include any prior year overpayment allowed as a credit 3b 154 , 037.
c Balance Due. Subtract line 3b from line 3a Include your payment with this form, or, if required,
deposit with FTD coupon or, if required, by using EFTPS (Electronic Federal Tax Payment 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
LHA For Privacy Act and Paperwork Reduction Act Notice , see instructions . Form 8868 (Rev. 4-2007)
62383105-01-07
31
THE PROSPECT HILL FOUNDATION, INC.EIN 13 -6075567
FORM 990PF , PART 11, LINE 13 - INVESTMENTS - OTHERJUNE 30, 2007
Quantity Security Book/Market Value
INVESTMENT PARTNERSHIPS
80 00 Prospect Capital Partners (06/05 ) 68,922 , 078 68 , 922,078 (SEE ATTACHED
DETAILS)
VENTURE CAPITAL INVESTMENTS
Partnerships-VC
261,759 00 Venture Investment Associates 11(03/06) 253,9381,336,284 00 Venture Investment Associates III (03/06) 1,894,3772,544,900 00 Venture Investment Associates IV(03/06) 3,457,338348,584 00 Venture Investment Associates, L P (03/06) 219,377 5,825,030
TOTAL INVESTMENTS - PART II, LINE 13 74,747,108
THE PROSPECT HILL FOUNDATION
EIN 13-6075567
INVESTMENT IN PROSPECT CAPITAL PARTNERS - DETAILS
JUNE 30, 2007
Book/MarketQuantity Security Value
CASH AND EQUIVALENTS
Merrill Lynch
Northern Inst'l Fds Gov't. Select
Schwab US Treasury Money Fund
WCMA Tax-Exempt Fund
DEBT INSTRUMENTS
TAXABLE BONDS
DOMESTIC EQUITIES
Large Capitalization
376 00 Styx Intl, Ltd(01/07)
169,484 80 Pimco Total Return Fund Cl D
112,612 80 Longleaf Partners Fund
Medium Capitalization
2,400,000 00 Caxton Alpha Equity LLC
1
882.55375,014
442,751 1,400, 319
1,162,235 1,162,235
1,721,962 1,721,962
4,336,712 4,336,712
2,589,896 2,589,896
Small Capitalization4,216 00 Costar Group 222,942
290,349 60 Wellington Micro Cap Equity(12/06) 4,653,478 4,876,420
FOREIGN EQUITIESDeveloped Markets
59,843 24 First Eagle Overseas Fund Cl I 1,636,114135,037 60 Highclere Intl(06/07) 1,806,165128,776 80 Silchester Intl Investors(12/06) 8,242,31411,200 00 The Children's Investmt Fd Cl Al Jan 2007 1,289,7923,262 40 The Children's Investmt Fd Cl Al Sr A2004 1,111,978 14,086,363
Emerging Markets560,000 00 CornerStone Emerging Mkts-PCP(04/07) 1,245,33016,603 22 Eaton Vance Asian Small Companies A 647,36020,626 00 Oppenheimer Developing Markets Fund Cl A 994,3808,000 00 Sandstone Capital India Offshore Fund, Ltd 910,849
800,000 00 Spinnaker GO Fund 800,000 4,597,919
ABSOLUTE RETURN493,996 46 AG Long-Term SuperFund(12/06) 273,461
3 03 Cerberus International, Ltd 2,075,1612,400,000 00 Convexity Capital Offshore L P. 2,385,4021,600,000 00 Davidson Kempner Institutional Ptrs(12/06) 1,741,7422,800,000 00 Farallon Captl Institutional Ptnrs(12/05) 3,971,309
Partnerships-PE470,558 21 Clearview Partners Fund 11(12/06) 396,956
410,305 61 Founders Equity SBIC I, LP(12/06) 221,822
202,840.80 MissionPoint Capital Partners Fund I, L.P 202,841
34,413.60 MissionPoint SE Parallel Fund, L P. 34,414
TIME DEPOSITS271,236.45 Euro Account(05/07) 368,117
TOTAL INVESTMENT IN PROSPECT CAPITAL PARTNERS
(INCLUDED IN INVESTMENTS REPORTED ON FORM 990PF , PART 11, LINE 13)
11,817,210
3,279,047
2,227,978
856,033
368,117
68,922,078
Prospect Hill FoundationGrant Payments MadeFor the period 07/01/06 - 06/30/076%30/2007
Payee Organization Grant No. Payment Payment Payment Check Number
Project Title, Grant Amount Ref. No. Date Amount Fund Notes
Adirondack Land Trust, Inc.Two veargrant (FY 2007 - 2008) toward 953449 10/31/2006 $25,QQ0.00 The Prospect Hill i533
acyuisitIon of Little Charlev Pond - Foundation
S 50,000.00 9501085
Advocates for YouthOne-year grant (FY 2007) to support domestic 953501 12/21/2006 $30,000.00 The Prospect Hill 1613
Emergencv Contraception activities Foundation
$ 30.000.00 9501138
American Lung Association of New York State
7iuo-year grant (FY2007-2008) to support the 953603 5/24/2007 $25,000.00 The Prospect Hill I K44
campaign to win thefight against New Yorks Dirty l owndation
Diesels
$ 50,000.00 9501227
American Museum of Natural HistoryFiveyear grant (FY 2006-201 q),/or endow.nent 953183 12/20/2006 $50,000.00 The Prospect Hill 16Q9
support Foundation
$ 250,000.00 9500865
The Arms Control Association
1
Payee Organization Grant No. Payment Payment Payment Check NumberProject Title, Grant Amount Ref. No. Date Amount Fund Notes
Oneycargrant (FY2007-2006)jirgener•al 953609 6/8/2007 $35,000.00 TheProspecttHill 1854• support Foundation
(335, 000 available imnnediately upon approval.,815, 000 in additional nratchingJunds availableuntil Map 31, 2008)$ 50,000.00 9501239
Association For the Preservation of Cape Cod,I nc.(APCC)Two year grant (FY 2006,2007) for general 953188 '12/2012006 $15;000.00 The Prospect Hill 1'612support Foundation$ 30,000.00 9500856
The Association for the Protection of theAdirondacks'One-year grant (FY?007-2008) to support 953597 5/17/2007 $25,000.00 The Prospect'Hill 1,813campaign activities to oppose, the Adirondack Club Foundationand Resort$ 25,000.00 9501240
Ballet Hispanieo of New YorkThree-year grant (FY 2005-2007) for continued 953,121 11/10/2006 $15,000.00 The Prospect Hill 1'593general support Foundation$ 45,000.00 9500755
Four-year grant (FY 2004-2007) toward the 952866 115P-00,7 $25,000.00 The Prospect Hill 1637capital campaign Foundation$ 100,000.00 9500695
Total Ballet Hispanico of -New York $40,900.00• (2 items)
Bat Theatre.Inc. (AKA-Flea Theatre)
2
Payee Organization Grant No. Payment Payment Payment Check NumberProject Title, Grant Amount Ref. No. Date Amou nt Fund Notes
Three-year grant (FY 2005-2007) for general 953156
• operating suppoi7$ 30,000.00 9500801
Bowery Residents ' CommitteeA one- ear grant ('FY2007-2008) to support the 953588evaluation ofreenby services for mentally illex-offenders$ 35.000 .00 9501244
Bronx River AllianceTwo;near (FY 2007- 2009) grant for generalSupport
30,000.00
Bulletin of the Atomic Scientists7Oo-year grant (FY 2007-2008) for general
operating support
$ 50,000.00
CalasWildlife Conservation So(Threeyear grant (FY 2006-2008 to support
CALAS.for general.support The WildlifeConservation Society is a fiscal intermediaryforthis grant
$ 75,000.00
Cape Cod Commercial Hook Fishermen's
Association
953598
9501228
953511
9501151
953174
9500820
5/17/2007 $10,000.00 The Prospect HillFoundation
5/17/2007 $35 ,000.00 The Prospect HillFoundation
5/17/2007 $ 15,000.00 The Prospect HillFoundation
12/22/2006 $25,000.00 The Prospect HillFoundation
7/18/2006 $25,000.'O0 The Prospect Hillf=oundation
1,838
1921;
1814
1626
1438
3
Payee Organization Grant No. Payment Payment Payment, Check NumberProject Title, Grant Amount Ref.,No. Date Amount Fund Notes
Twoyeargrant (FY2007- 2008)forgeneral 953399 5/17/2007' $25;000.00 The Prospect Hill 18410support Foundation$ 50.000.00 9501229
Cape Cod Community College EducationalFoundation
Three-year grant (FY 2005-2007) to supplement 953125 .10/12/2006 $10,0()0.00 The Prospect Hill 1518the William S' and Elizabeth G Beinecke FoundationFoundation$ 30,000.00 9500762
Carnegie Endowment for International PeaceTwo-year grant (FY 2007-2008) to support the 953512 12/22/2006 $50,000.00 The Prospect Hill 1622Nuclear Nonproliferation Project Foundation$ 100,000.00 9501146
Catholics for a Free ChoiceT oyeargrant (FY2006-2007) for general 953226 2/1/2007 $20,000.00 The Prospect Hill I 664'operating s upport Foundation$ 40,000.00 9500863
Center for Alternative Sentencing andEmployment Services (CASES)
Three-year grant (FY 2005-2007) io support the 953139 1/19/2007 $26,000.00 The Prospect Hill 1645Career Exploration Project Foundation$ 75,000.00 95.00785
The Center for Reproductive Rights (CFRR)Three-year grant (FY2005-2008) to d(fend and 953'153 7/5/2006 $35,000.00 The Prospect Hill 1432advance reproductive rights. in the United States Foundation$ 105,000.00 0500810
4
Payee Organization Grant No. Payment Payment Payment Check NumberProject•Title, Grant Amount Ref. No. Date Amount Fund Notes
Central Park Conservancy77iree-year grant (FY 2095-2007) tofund the costs 953019 10/ 12/2006 $20 , 000.00 The Prospect Hill 1522ofa zone gardener to maintain the Harlem Meer Foundation$ 60,000 .00 9500756
Centurion MinistriesTwo-yeargrahi (FY2006-2007) forgenernl 9532,27 12/2012006 $25 ,000.00 The Prospect Hill 1610support Foundation$ 50;000:00 9500873
City Year, Rhode IslandRevised to a One Year Grant (FY 2007) on 8/15/07 953443 10/25/2006 $25 ,000.00 The Prospect H ill 1Wfro,ii a three year grant (FY 2007-2009) to support Foundation
the Social Entrepreneur Fellowsh ip$'25,000 .00 9501 136
Clean Air Task ForceOne-.year grant to support Northeast Diesel '953389 7/5/2006 $25,000.00 The Prospect Hill 1425Campaign Foundation$ 25,000 .00 9501033
Clean Water Fund/Rhode IslandOne-year grant to support the Rhode Island Diesel 953388 7 /5/2006 $25 ,000.00 The Prospect Hill 1424Pollution initiative Foundation$ 25;000 .00 9501032
Close Encounters With MusicThree-pear grant (FY 2005-2007) jor general 953141 312/2007 $5,000 .00 The Prospect Hill 1749supliort Foundation$ 13,000 . 00 9500775
Columbia University School of Law
5
Payee Organization Grant No. Payment. Payment Payment Check NumberProject Title, Grant Amount Ref. No. Date Amount Fund Notes
One-year grant (FY 2007) in support oftheJohn S. 953345 7!5/2006 $25,000.00 The Prospect Hill 1434Bainhridge Fund Foundation$ 25,000.00 9501034
Three-Year grant (1='Y 2005-2007)• to support the 9531 12 10/12/2006 $40,000:00' The Prospect Hill 1521Beinecke Scholarship Fund Foundation$ '120,000.00 9500763
Five-year grant (FY2005-2009) for endowment 953130 2/1/2007 $50,000.00 The Prospect Hill 1,663support directed to the William S Beinecke FoundationScholarship Fund$ 250,000.00 9500783
Total Columbia University School of Law $115,000.00(•3- items)
Conservation Law FoundationTivayeargrant (FY 2007- 2008) -to the Rhode 953600 5/17/2007 $25,000.00 The Prospect }fill 1815Island Advocacy CenterJor climate change. Foundationactivities
$ 50,000.00 9501232
The Correctional,Associatlon of New YorkTwo-ear grant (FY 2007-2008) Jor general 953445 10/25/2006 $40,000.00 The Prospect Hill 1535support Foundation^$ 80,000:00 9501133
Cunningham Dance Foundation (AKA MerceCunningham Dance Company)One- ear grant (FY2007)%a•general operating 9535,06 12/21/200.6 $25,000.00 The,Prospect Hill 1638support Foundation•$ 25.000.00 9501.143
Darien Public Library
6
Payee Organization Grant No. Payment Payment Payment Check NumberProject Title, Grant Amount Ref. No. Date Amount. Fund Notes-
One-year grant (FY 2007) to support the capital 953448 10%25/2006 $25,000 00 The Prospect Hill 1537campargh Foundation$ 25,000.00 9501134
Ecologic Development FundThree-year grant (FY 2007-2009) for general 953610 5/17/2007 $35,000.00 The Prospect Hill 1818support of Guatemala activities Foundation:$ 105.000.00 9501233
Egremont Land Trust'Qna yeq gram to support 6equisitrnr : of22 acres 953450 10/31/2006 $15,000.00 The Prospect Hill 1534offormland on the Green River Foundation$ 15,000 .00 9501086
The Environmental Leadership ProgramTwo hear tie=offgrant (FY 2006-2007) for gcnera! 953187support
$ 50,000.00 9500858
9/27/2006 $25,000.00 The Prdspect,HillFoundation
1513
This-payment was advanced by twomonths upon request by ELPExecutive Director Paul Sabin-tocover a temporary cash flow shortfalluntil November when outstanding,grant comnutments"were scheduled tobe'paid.
Ethical Culture Fieldston SchoolsSir-year grant (FY 2004-2009) fr^r capital support 952716
$ 250,000.00 9500675
• Fifth Avenue Presbyterian Church
9/27/2006 $40 ,000.00 The Prospect HillFoundation
1514
7
Payee Organization Grant No. Payment Payment Payment Check NumberProject Title, Grant Amount Ref. No. Date Amount Fund Notes
Five-year grani (FY2003-2007),/ibr the capital 952247 7/512006 $50,000.00 The Prospect Hill' campaign Foundation
S 250,000.00 9500544
Three-year grant (FY 2007-2010)./or the 953446 6/15/2007 $150,000.00 The Prospect HillCrossroads Capital Campaign Foundation$ 150,000:00 9501137
Total Fifth Avenue Presbyterian Church $200,000.00(2' items)
Friends of Van Cortlandt Park, Inc.Oneyear grant (FY2007)./br general operating 953447 10/31 /2006 $15,000.00 The Prospect-Hillsupport (Final grant) Foundation$ '15,000.00 9501131
Global Greengrants FundOne-year grant (F.Y2007-2008) to support 5 953612 5/17/2007 $5,500.00 The Prospect Hill'reproductive health organizations in Chiapas, FoundationMexico
$ 5,500 .00 9501243
Green Worker Cooperatives'Oneyeargranlfioni the Third Generation 953606 5/17/2007 $22.000.00 The Prospect-HillInitiative for general operating support Foundation$ 22,000.00 9501234
The'Guttmacher InstituteTwo-year grant (FY2006-2007) for genera! 953224 1/512007 $40,000:00 The Prospect Hilloperating supportfor domes lic activities Foundation$ 80,000 . 00 9500861
1431
1858
Grant°approved ,in FY 2007, to be paidFY 2008:2010
1538
1827
1820
1638.
.8
Payee Organization Grant No. Payment 'Payment Payment Check NumberProject Title, Grant Amount Ref.'N o. Date Amount Fund Notes
Hawk Mountain Sanctuary- AssociationTwo year grant (FY 2006-2007) for general 953186 1/4/2007 $10,000.00 The Prospect Hill 1'635support Foundation$ 20,000.00 9500860
The Henry L. Stimson CenterTwo year grant (FY2007- FY 2008) to support the 953497 12/22/2006 $35,000.00 'Tlie Prospect .Hill 1625Se'curni for a New Century pkoject' Foundation$ 70,000.00 9501147
Institute for Science and International SecurityTwo year grant '(FY2007-FY2008) for geiteral 953498 1 2/22/2006 $40,000.00 The Prospect Hill 1'623support Foundation$ 80,000 .00 0501150
International PlannedParenthood Federation,Western, Hemisphere Region
Threeyear grant (FY 200.5-2008) to APROFAM to 953171 5/31/2007 $35 ,000.00 The Pro,spect . Hil I 1849support ,estricted to activities in Peters, Foundation.Guatemala This, is an activit y with lnierntionolPlanned Parewhood Federation-WesternHemisphere$ 1'05,000.00 9500813
Jacob ' s Pillow Dance Festival , Inc.,Three-year grant (FY2006-2008) forgeneral 9532-17 1/26/2007 $ 10,000 .00 The Prospect Hill ,1'658operating support. Foundation$ 30,000 .00 9500868
Lincoln Center Theater
9
Payee Organization Grant No. Payment Payment Payment Check NumberProject Title, Grant Amount Ref. N o. Date Amount Fund Notes
F-ive-year grant (FY2005-2009) for endowment 952924 7/18/2006 $50,000.00 The Prospect Hill 1439• support Foundation
$ 250,000.00 9500710
Three;year ,&n-ant (FY2006-2008) far general 953218 12/20/2006 $40,000.06 The Prospect,Hill 161 loperating support Foundation$ 120.000.00 9500869
Total Lincoln Center Theater $90,000.00
(2 items)
Mahahve Performing Arts,Center, Inc.Two-year grant (FY2006-2009) towards the capital 953221 1/5/2007 $25,000.00 The Prospect Hill 1639campaign Foundation'$ 50.000 .00 9500870
Marie Stopes International77treeyear grant (FY 2005-2008) to support 953169 5/18/2007 $35,000.00 The Prospect Hill ref code 4202.-reproductive health services in the slate of FoundationChiapas, Mexico$ 105.000.00 9500814
The Metropolitan Museum of ArtThree-year grant `(FY2005-2007) for a research 953119 1/19/2007 $25,000.00 The Prospect hill 1644associate in the Department ofMedieval Art Foundation($21, 500) andfor the Thomas J. Watson Lihratyt($3,500)$ 75,000.00 9500777
National Latina Institute . for Reproductive HealthOneyear grant (FY 2007)-for general support 953504 12/21/2006 $30,000.00 7 he Prospect Hill 1615
Foundation$ 30.000.00 9501140
10
Payee Organization Grant No. Payment Payment Payment Check NumberProject Title, Grant Amount Ref. No. Date Amount Fund Notes
National Security Archive Fund'Two-year grant (FY 2007-2008)for support of the 953495 12/22/2006 $40,000.00 The Prospect Hill 1624Nuclear Weapwns Nonproliferation Project Foundation
• $ 80,000.00 9501.149
The Natural History Museum of the AdirondacksTwo-year (FY 1007-2008) grantfor general 953387 7/5/2006 10,000.00 The Prospect Hill 1429
operating support Foundation
$ 20,000.00 9501030
Natural Resources , Defense Council (NRDC)Two .year grant (FY 2007-2008) for general 953494 12/22/2006 $50,000.00 The, Prospect Hill 1621suppdi•t'ofnuclear nonproliferation activities . Foundation
$ 100;000.00 9501148
Five-year grant (FY 2006-201(1) to support the 953176 6/1/2007 $50.000.00 The Prospect Hill 1$52
Campaign for the Future Foundation
$ 250,000.00 9500}23
Three-year grant (FY 2006-2008) for general 953385 6/15/2007 $35,000.00 The Prospect Hi1I 1857suppdrfofthe Clean Air Project Foundation
$ 105,000.00 9501031
Total Natural Resources Defens&Councll (NRDC) $135;000:00
(3 items)
The.Nature ConservancyThree-year grant (FY 2005-2008) to support the 953165 5/17/2007 $25,000.00 The Prospect Hill 1823
Rhode Island Land Trust Council Foundation
$ 75,000.00 9500806
' The New York Botanical Garden
1'i
Payee Organization Grant'No. Payment Payment Payment Check'NumberProject,Title, Grant Amount W. No. Date Amount Fund Notes
Fivevear grant (FY 2004-2008) for the, Capital 0521 ,87 7/512006 $50,000.00 The Prospect Hill
Campaign to partially endow the Chdir of the Foundation
Director of the Graduate Studies Program
$ 250,000 . 00 9500545
Three-year grant (FY2006-2008) for general 953219 2/1/2007 525 ,000:00 The Prospect If i11,
operating support Foundation
$ 75,000 .00 9500871
Total The New York Botanical Garden $:75,000.00
(2 items)
New York City BalletThree-year grant (FY 2005-2007)for general 953132 3/2/2007 $40,000.00 The-Prospect Hillsupport Foundation
$ 120,000.00 9500778
New York Conservation Education Fund
Tivvyear grant (FY 2007- 2001) to support the 953601
New York Cil-v Program
$ 35,000.00 9501235
New York Law SchoolThree-^edr grant (FY 2005-2007) in support of the 953136
Centerfor New York City Law.
$ 22,500.00 9500795
New York,Philharmonic (Philharmonic Symphony
Society of•NY)
5/17/2007 $20,000:00 The Prospect HillFoundation
3/2/2007 $7.500.00 The Prospect HillFoundation
1433
1662
1750
1816
1751
P1c4e note that each installment, ofthis multi-year,grant is contingentupon you remaining,as director,of theCeiiter for New York City Law:
12
Payee OrganizationProject Title, Grant Amount
Grant No .Ref. No.
PaymentDate
PaymentAmount
PaymentFund
Check . NumberNotes
Three-year grant (FY 2005=2008) for general 953,152 5/3-1/2Q07 $'35,000.00 The Prospect Hill 1845operating support Foundation$ 105,000.00 9500802
New York Public LibraryThreeyear grant (FY 200-5-2007) to support the 953166 5/17/2007 $25,000.00 The Prospect Hill 1839Digital( ihraiy Program Foundation
$ 75,000.00 9500803
North Country Public Radio (NCPR)Twoyear grant (FY 2007-2008) fbr the endowmen t 953507 12/21/2006 $15,000.60 The ProspectHill 161'8campaign Foundation'$'25,000.00 9501.144
Open Space InstituteTwo-year grant ('FY 2007.20(14) for the 953602 5/1712007 $30,000.00 The Prospect Hill '1817Adirondack and Catskill Forest Preserve Study Foundation$ 60,000.00 9501236
Orleans Conservation TrustOne year grant to support the con..ervalion of 953509 1,2/22/2006 $10,000:00 The,Rrospect Hill 1619Eelman's.Point in Little Pleasant Bay. Cape Cod, FoundationMassachusetts$ 10,000.00 9501-132
Paul Smith 's College of the AdirondacksOne-yeargrant (FY 2007-2008) to support the, 953594 5/17/2007 $25.000.00 The Prospect Hill 1831John T. Dillon-Handicap Park Foundation$ 25,000.00 9501249
Phillips Academy
1'3
Payee Organization Grant'No. Payment Payment Payment Check Number'P roject Title, Grant Amount Ref. No. Date Amount Fund Notes
Four-year grant (FY 2005-2008) to support the 953143
Memorial Bell Tower Restoration Projert
$ 100,000.00 9500796
3/2/2007 $25 ,000.00 The Prospect HillFoundation
1752
Planned Parenthood Federation of America
Three-year (20074009) grant to support 953592reproductive health services provided by Tan Ux'il,
in El Peten, Guatemala$ 60,000:00 9501245
Planned Parenthood of.New York City (PPNYC)
Two-year grant (FY 2007-20Q8)for general 953502operating support$ 100,00(100 9501141
Two-year grant (FY 2007-2008),.for general 953502
operatsng support$ 100,00000 0501141
7ivoyeargrant (FY 2007-2008),for general 953502
operating support$ 100,000.00 9501141
5/17/2007 $20,000.00 The Prospect HillFoundation
12/21/2006 $50,000.00 The Prospect HillFoundation
12/21/2006 $50,000.00 The Prospect Hill
Foundation
1/25/2007 ($50,000.00) The Prospect HillFoundation
'1826
1616
1'616
VOID - 1616
Void of Payment [36$5] for $50,000,paid on 12/21/2006.
Total Planned Parenthood of New York, City (PPNYC) $50,000.00
(3 items)
Ploughshares Fund
Threeyear grant (FY2005-2007) to•fund the Peace 953162 5/17/2007 $5,000.00 The Prospect Hill 5000,
and Security Funders Group Foundation
S' 15,000.00 9500800
Population Action international
14
Payee Organization Grant No. Payment Payment 'Payment Check, NumberProject Title, Grant Amount Ref. No. Date Amount Fund Notes
Two-pear grant (FY 2007-2008)' to support the 953613 5/17/2007 $35,000.00 The Prospect Hill 1825U.S. Poliiylnip6ct Project Foundation$ 70,000.00 9501247
Population Services International (PSI)One-year grant to support programs at the Club en 953614 5/31/2007 $5,000.00 The Prospect Hill 1851Cohne,.ion (PAS;M,U) Foundation$ 5,000.00 9501254
Preservation League of.NY,S'Pillar•ofNew York Awards 953798 8/29/2006 $23,250.00 The Prospect Hill 1500
Foundation$ 23,250.00 9501425
Pro MujerThree-mar gran( (FY 2007-2010) to support the, 953590 5/17/2007 $35,000.00 The Prospect Hi11 1.835coordination. 6freproductive health services Foundation$ 105,000.00 9501.252
Pronatura ChiapasThree.year grant (FY 2006-2008) to 953173 985/2006 $25,000.00 The Prospect HillPronatuira-Chiapas to support project activities in FoundationChiapas, Mexico$ 75,000.00 9500821
Prospect Park Alliance, Inc.Three-year'grant (FY2006-2008) to support the 953220 1/26/2007 $12,500.00 The Prospect Hill 1659Natural,Resources Crew Foundation$ 37,500.00 9500872
Residents ' Committee to Protect the Adirondacks,Inc.(RCPA)
15
Payee Organization Grant No. Payment Payment Payment Check NumberProject Title, Grant Amount Ref. No. Date Amount Fund Notes
Two year grant (FY 2006-2007) for general 953185
support$ 20,000.00 9500857
Rhode Island Family Life Center7u•oyear grant (FY 26 7-2009) to support 953589
activities ofthe Fami1v.Resource Center
$ 50,000.00 9501246
The Rhode Island FoundationThree-year grant -(FY 2005-2008) to the Women's 953164
Fund ofRhode Island to support the endowment
campaign: This is ah activity with The Rhode
Island Foundation.
$ 75,000.00 9500811
Rudolf Steiner SchoolFive-year grant (FY2005-2009 to support the 953.168capital campaign$ 150,000.00 9500804
Save The Bay, Inc.Three-year grant (FY 2005-20(J8) to support the 953163
strategic plan$ 75,000.00 9500809
Sexuality Information and Education Council of
the United States(SIECUS)One-year grant (FY 2007) for general support 953503
$ 30,000.00 9501139
1/2/2001 $10,000.00 The, Prospect Hill 1629Foundation
5/17/2007 $25,000.00 The Prospect Hill 1829Foundation
5/31/2007 $25,,,0,00.00 The Prospect HiII 1850
Foundation
6/-15/2007 $30,000.00 The Prospect Hill 1860Foundation
6/21/2007 $25,000.00 The Prospect Hill 1865Foundation
12/21/2006 $30,000.00 The Prospect Hill 1614-Foundation
16'
Payee Organization Grant No. Payment Payment Payment Check, NumberProject Title, Grant Amount Ref. No. Date Amount Fund Notes
Southside Community Land TrustOne-year grant (2007-2008) froth the Third 953607 5/17/2007Generation Initiative to support the Youth GardenClubs ($15.000) and the Urban Agriculture TaskFQrce (S 1-0. Oft$ 25,000 .Q0 9501237
St. Birgitta ConventOne-year grant (FY2007) to support recovery and 953508 17/1.2/2006renoiartion effortsfirom fire damage
$ 0.00 9501145
One-veer'rant (FY 2007),to support recovery and 953508 1/3/2007renovation efforts fi•onr fire damage
$ 0.00 9501145
Total St . Birgitta Convent(2 items)
St. Luke's-Roosevelt Hospital CenterThree-Year grant (FY 2005-2007) to support the 953134
Arrhythmia Institute$ 75;000.00 9500788
Sterling and Fraricine Clark Art Institute
A six-year (FY 2006- FY 201 ]),grant to support the 953340inauguration oJ'the Clark Prize in Arts Writing in
2006, and to support Clark Prize., awards in the
• future.
$ 350,000.00 9500986
3/212007
-7/5/2006
$25,000.00 The Prospect Fill]Foundation
$10,000.00 The Prospect HillFoundation
($10,000.00) The Prospect HillFoundation
$25,000.00 The Prospect BillFoundation
$75;000.00 The Prospect HillFoundation
1821
1602
1602
Grant payment.retunied to PHF'byconvent due,to religious.differenecswith organizatiohs'ttjat PH):-supports.
Check marked void.
1753
1430
1.7
Payee Organization Grant No. Payment Payment Payment Check NumberProject Title, Grant Amount Ref. No. Date Amount Fund Notes
One-year grant (FY 2007-2008) General operating 953586' support
$ t0000.00 9501251
5/17/2007 $10,000.00 The Prospect HillFoundation
1833
A six-yedr (FY 2006- FY 2611) grant to support the 953340inauguration 9f the Clark Prize in Arts Writing'in
2006 and to support Clark Pri:e-awards in thefuture.
$ 350,000.00 9500986
6/15/2007 $75,000:00 The .Prospect HillFoundation
Total Sterling and Francine Clark Art Institute $160,000.00
(3 items)
Sustainable South BronxOne.near honorarium gift (FY 2007-2008).fi•om the 953608 5/17/2007 $3,000.00 The Prospect HillThird Generation Initiative ,jorgeneral support Foundation$ 3,000 . 00 9501238
Third Street Music School SettlementTo establish the Barbara E. Field Chamber Music 953394
Ensemble Fund
$ 20,000.00 9501135
Tropico VerdeFund for Global Human R
One-veer grant (FY'2007-2005) for general 953611support
$ 5.000.00 9501241
The Trust for Public Land• Twoyear grant (FY 2007-2008) toward the 953513
purchase of the Ethel Walker WoQds, Si,nsbuty, CT$ 60,000 .00 9501154
10/25/2006 $20,000.00 The Prospect Hill
Foundation
5/17/2007 $5.000:00 The Prospect HillFoundation
2/1/2007 $30,000;00 The Pr6spqct HillFoundation
1859
1822
1539
1819
1661
1,$
Payee Organization Grant No. Payment Payment Payment Check-NuinberProject Title, Grant Amount Ref: N o. Date Amount Fund Notes
Vera Institute of Justice
Two-year grant-(FY 2007-2,(108) to support juvenile 953593justice -act, vitles
60,000.00 9501248
Wave. Hill
Three-year grant (FY 2005-2007)/or general 953117operating support$ 75,000.00 9500760
Westminster SchoolFive-year grant (FY2006-2010) towru•ds the 953223capital catnpaign
$ 25Q,000.00 950Q876
Whitney Museum of American ArtOneyear grant ('FY 2007-2008) to support the 953'596"Lincoln Ku-stein" exhibit$ 10,000 .00 9501253
The Wilderness SocietyTwo-year grant (f•'Y 2007-2008) to •supp'ort the 953510Eastern forest Program$ 30,000.00 -9501152
Wildlife Conservation SocietyFour-year grant (FY, 2005,-2008) to support the 953145Landscape E ology_ and Geograph ic AnalystsProgram
$ 300,000 .00 9500790
5/17/2007 $3Q,000.00 The Prospect Hill 1830Foundation
10/12/2006 $25,000:OQ The Prospect Hill 1520Foundation
1/19/2007 $50,000.00 The Prospect I fill 1643Foundation
5/17/2007 $'10,000.00 The Prospect Hill 1837Foundation
12/22/2006 $15,060.00 The Prospect Hill 1620Foundation
1/26/2007 $75,000.00 The Prospect Hill 1657Foundation
1;9
Payee , Organization Grant No . Payment Payment Payment Check NumberProject'Title, Grant Amount Ref. No. Date Amount Fund Notes
Threeyeargrant (FY 2005-2007) for project 953161 6118/2007 $50,000.00 The Prospect Hill '1864support ofactivities in Pelen . Guatemala Foundation$ 150,000.00 9500818
Total Wildlife Conservation Society $125 ,000.00(2 items)
The Women 's Prison Association and HomeTwo-year grant (FY,2007-2008) to fund the'Famtly 953444 10/31/2006 $20 ,000.00 The Prospect Hill 1536Preservation Program Foundation.$ 40,000 :00 95011.29
World" NeighborsThree-veargrant (F-Y2005-2008) to support 953158 6/25/2007 $35,000.00 The Prospect Hill 1866integrated reproductive health and natural Foundationresource management in Guatemala$ 105,000.00 9500819
World Resources InstituteTwo year giant (FY2006-2007) jorgeneral support 953184 1/2/2007 $30,000.00 The Prospect Hill 1630ofc/intate change activities Foundation60,000:00 9500859
Five-year grant (FY 2004-21008) tofund the 952977 6/1/2007 $50,000.00 The Prospect'Hill 1853Strategic Opportunity Fund Foundation$ 250,000.00 9500734
Total, World Resources Institute $80,000.00(2 items)
Yale UniversityFiveyear grant (FY 2007-2012) toward the Yale 953587 6/4/2007 $500,000.00 The Prospect Hill wireSOM'new campus. Foundation$ 2,500.00000 9501255
20
Payee Organization Grant No. Payment Payment Payment- Check NumberProject Title, Grant Amount Ref. No. Date Amount Fund Notes
YMCA of Eastern Union CountyOne-year grant (FY 20(17-2008) to support the 953595 5/17/2007 $10,000.00' The Prospect Hill 1832capital campaign 'Foundation
$ 10,000 .00 9501250
Grand Total $3,648,750.00
(113 items)
21
Prospect Hill FoundationMatching Gifts PaidFor the Period 07/01/06 - 06/30/071/24/2008
Recipient Organization (IDIVEND#) Gift Payment Award
.Match ID Donor Name-(SS#IEMP# Date Date Amount Gift Type
Columbia County Council on the Arts (3084\)373 Eiseman, Constance (0) 4/212007 4/30/2007 $80.00 Cash
Columbia Land Conservancy (CLC\)189 Eiseman, Constance (0) 6/22/2006 7/26/2006 $400.00 Cash377 Eiseman, Constance (0) 3/27/2007 4/30/2007 $500.00 Cash
2 Gifts $900.00
Columbia University in the City of New York,(CUCNY\)226 Beiinecke, William S. (1) 8/8/2006 10/31/2006 $250.00 Cash
Columbia University School of Law (COt-LAW)35-1 Beinecke, William S. (1) 1/9/2007 4/30/2007 $250.00 Cash
Community Fund of Darien (3180\)281 Beinecke, John B. (4) 10/26/2006 2/2772007 $1,000.00 Cash
Community Funds, Inc. (2960\)282 Eiseman, Constance, (0) 11/9/2006 2127/2007 $2,334.00 Cash348 Eiseman, Constance (0) 11/9/2006 4130%2007 $1,000.00 Cash
2 'Gifts $3,334.00
Community MusicWorks (2687\)283 Beinecke, Sarah (6) 12/20/2006 2/27/2007 $700.00 Cash
Community' Preparatory School (CPS\)213 Beinecke , Sarah (6) 6/2312006 7/26/2006 $2,000.00 Cash
Conanicut Island Land Trust (3202\)349 Beinecke, Sarah (6) 10/13/2006 4/30/2007 $500.00 Cash
Congregation Rodeph Sholom (3181\)284 Beinecke, Frederick W. (3) 12/1812006 2/27/200,7 $4,876:00 Stock
Court Appointed Special Advocates.(-2264\)356 Eiseman, Constance (0) 12/1,212006 4/30/2007' $500:00 Cash
4
Recipient Organization (ID\VEND#) Gift Payment AwardMatch ID Donor Name.(SS#IEMP# Date Date Amount Gift Type
Dana Hall School (DANA HALL\)212 Beinecke , Sarah (6) 4/20/2006 7/26/2006 $6,700.00 Cash
Disability Advocacy Training Technical Assistance (3158\)227 Beinecke, Sarah (6) 10/24/2006 10/31/2006 $5,000.00 Cash
Disabled American Veterans Charitable Service Trust (3147\)202 Lefkowitz, Julie (0) 5/15/2006 7/26/2006 $100.00 Cash
Doctors Without Borders USA, Inc. (3159\)228 Eiseman, Constance (0) 7/21/2006 10/31/2006, $400.00 Cash229 Beinecke, Sarah (6) 8/29/2006 10/31/2006 $400.00 Cash
2 Gifts $800.00
Egremont Land Trust (3154\)382 Beinecke , Frederick W. (3) 4/512007 4130/2007
El Museo del Barrio (EMDB\)170 Beinecke , John B . (4) 7/6/2006 7/2612006
287 Beinecke , John B. (4) 10/3I/2006 `2727/2007
2 Gifts
Elmcor Alumni Association, Inc. (3150\)207 Mass-Jackson,, Miriam (0) 5/18/2006 7/26/2006
Elmsford Animal ' Shelter (3078\)F65 Barletta, Robert (0) 6/12/2006 7/26/2006
The Eye- Bank Restoration , Inc. (3160\),232 Lefkowitz, Julie (0) 9/15/2006 10/31/2006
Fairview Hospital (3184\)288 Beineeke, Frederick W. (3) 12/27/2006 2/27/2007
Fifth Avenue Presbyterian Church (FAPC\)289 Beinecke, William S. (1) 2/2/2007 2/27/2007
The Fresh Air Fund (622\)190 Eiseman, Constance (0) 7/6/2006 7126/2006
366 Eiseman, Constance (0) 3/27/2007 4/30/2007
2 Gifts
Friends of McCarter Theater-(314Q\),185 Beinecke, William S. (1') 6/20/2006 7126/2006
Friends of Monomoy Theatre , Inc. (3139\)1$0 Beinecke , William S. (1) 5/3/2006 7/26/2006
Friends of The Columbia Libraries (FRIENDS\)
'$200.00 Cash
$3,400.00 Cash
$6;46d.30 Stock
$9,860.30
$200.00 Cash
$400.00 Cash
$150.00 Cash
$250.00 Cash
-$13,000.00 Cash
$500.00 Cash$500.00 Cash
$1,000.00
$250.00 Cash
$300.00 Cash
5
Recipient Organization (IDIVEND# ) Gift Payment AwardMatch ID Donor Name ( SS#IEMP# Date Date Amount Gift Type
181 Beinecke, William S. (I) 5/3/2006 7126/2006 $250.00 Cash
The Nature Conservancy (NC\)306 Beinecke, Sarah (6) 12/29/2006 2/27/2007 $1,000.00 Cash
New Rochelle Humane Society (2265\)307 Barletta, Robert (0) 12/11/2006 2/27/2007 $200.00 Cash
New York City Ballet'(NYCB\)239 Beinecke, Frederick W. (3) 10/5/2006 1'0/31/2006 $1,1$0.00 Cash
308 Beinecke,, Frederick W. (3) 11/9/2006 2/27/2007 $550.00 Cash
2 Gifts $1,730.00
New York City Rescue Mission (3137\)166 Barletta, Robert (0) 7/12/2006 7/26/2006 $300.00 Cash309 Barletta, Robert (0) 1/5/2007 2/27/2007 $2,400.00 Stock
2 Gifts $2,700.00
New York Comunity Trust (NYCT1)240 Beinecke. William S. (1) 9/1/2006 10/31/2006 $250.00 Cash
New York Philharmonic (Philharmonic Symphony Society of NY) (NYP\)241 Beinecke, Elizabeth G.'(2) 9/21/2006 10/31/2006 $12.000.00 Cash
New York Public Library (NYPL1)310 Stiller, Janet (0)359 Beinecke, William S. (1)
New York.Society Library (2950\)242 Beineckc, William S. (1)
Columbia University School of $150,000.00 $50.000.00 $50,000.00 $0.00 $0.00 $0.00 $0.00 $0.00• Law
$ 250,000.00Five-year grant (FY
2005-2009)for endowment• support directed to the William
S. Beinecke Scholarship Fund
Ethical Culture Fieldston Schools $160,000.00 $40,000.00 $50,000.00 $0.00 $0.00 $0.00 $0.00 $0.00$ 250,000.00Sixyear grant (FY 2004-2009)for capital support
Phillips Academy $75,000.00 $25.000.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00$ 100,000.00Four-year grant (FY
2005-2008) to support theMemorial Bell TowerRestoration Project.
Rudolf Steiner School $90,000.00 $30,000.00 $30,000.00 $0.00 $0.00 $0.00 $0.00 $0.00$ 150,000.00Five-year grant (FY 2005-2009to support the capital campaign
Westminster School $100,000.00 $50,000.00 $50,000.00 $50,000.00 $0.00 $0.00 $0.00 $0.00$ 250,000.00Five-year grant (FY2006-2010)towards the capital campaign
Yale University $500,000,00 $500,000.00 $500,000.00 $500,000.00 $500,000.00 $0.00 $0.00 $0.00$ 2,500,000.00Five-year grant (FY
The Wilderness Socie tyh' $15,000.00 $15,000.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00$ 30,000.00Two-year grant (FY
2007-2008) to support theEastern Forest Program
Wildlife Conservation Society $225,000.00 $75,000.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00$ 300,000.00Four-year grant (FY
2005-2008) to support theLandscape Ecology and
Geographic Analysis Program
World Resources Institute $200,000.00 $50,000.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00$ 250,000.00Five-year grant (FY2004-2008) to fund theStrategic Opportunity Fund
