8002 € & AVW GANNYOS 990-PF Return of Private Foundation or Section 4947(a)(1) Nonexempt Charitable Trust Treated as a Private Foundation calendar year 2007, or tax year beginning Note:The founsaton maybe abl to use a cony 0 he ren sal tate reporing requremens + 2007, and ending (OMB No 1545-0052 2007 eo heck all that apply. CJ tnwial retuen (-) Final retuen Use the Ing] Name ol foundation otherwise, or type. abel, | THE PICOWER FOUNDATION Ti Amended return C] Address change Fe Enotover entteaion number 13 Ti Name change 6927043 print,” | 1410 SOUTH OCEAN BOULEVARD ‘anbe nd set" PO box rumba mal ol Gveed wakes aus) | Roonleota B Teens variber Go page 10 ofthe nace) (561 ) 835-1332 ‘See Specific} Cay of own, sate nd ZP cove Instructions.| PALM BEACH, FLORIDA 33480 wa heck type oF organza: Section SOT(ENG) exempt prvate Toundaton TZ Section 4947(a)1) nonexempt chantable trust_[] Other taxable pnvate foundation 1 Fair market value of all assets at ene [J Accounting method’ 7] Cash C] Accrual erempton pics pencngcheckhoe » CI D1. Forogn axanaatons, check hoe. . » 2 Check nae snd atoen computation "J Ef prose foundation sats wa, terrae ‘nber Scion SOFIA, creck have eC) of year trom Part cof) the epee fos tut sn aso-nee ereaen inet s 50425057 |p Dl bath bas * uae Sane Aa ERIMT Anavais of Revorve and Expenses ie oso = (0 Oehaienes ross cones) mst may ret nce eal | “are | 01 etmeamen | liaguanaet | cana eoreunsmctrm di ieepoy Wertwecnctoagy | "Sake ome | eaten 1 Conthbutions, gts, grants, etc, recewedfatlach schedule) 40078674 : 2 Check > [7] ithe foundation snot required to attach Sch B 2 ners on sags andtemporay cashevestnents Taz a : 4 Dividends and interest from secunties 16971675] 16971675) ~ 8 aoeniaaa 3 : 30608348 aes é + b Less Cost of goods sold t ay ‘¢ Gross profit or (loss) (attach schedule) < 11 Other income (attach schedule) 152| 152 4 12 Fol Add ines ought bs arrausra|——a7ewen0a] maar : 'g| 13 Compensation of officers, directors, trustees, etc. '25000| B]te omer empoyoo salons and wages 08775 = e577 &| 15. Pension plans, employee benefits . 64675) 64675 | 190 Legal fees (attach schedule) . 259887 259887 (|b Accounting fees allach sched) 800 1800 2] c Other professional fees (attach schedule) 229642| 223642 Eli’ terest -B]18 Taxes (attach schedule) (see page 14 of the structions) Aa77173) 37927 ‘E/19 Depreciation lttach schedule) and depletion 08855 E)20_ occupancy Hi72601 iia S21. Travel conferences, and rests 40 408 22 Printing and pubications ~ |23. Other expenses (attach schedule) | ce cE -. — ssrears 2406075 25 Contnbutions, gifts, grants paid 23424401 23424401, O26. Sta expenses and dsbreomens Aa ins 3 and 2 | 27900977 a of assure 2? Subact ine 2 rom in 12 : a Excens of revenue over expenses and disbursements B Net investment income (fnepatve, ener erase @ Adjusted net income negative, eat) area [ For Privacy Act and Pavervark Reduction Act tac, seepage 20 othe atone, Gs Wo nasox Fem 990-PF comFon 980.9 @007) Page 2 DEBE atance snects Sane mers nierrien in gain am ‘Stalder ene rots ony (Se ics) Bagnaing ot year Eg of year (o) Box Va (Boake (6) Foe Nan Vou 1 2 3 Assets 42 43 14 ‘Cash—non-interest-beaning Savings and temporary cash investments ‘Accounts recewable Less: allowance for doubtful accounts Pledges recowvable > Less, allowance for doubtful accounts Grants recewable Fe Recenvables due from officers, rectors, ists, and other isqualied persons (attach schedule) (ee page 16 of the Instructions) (Other notes and loans recewabl attach schedule) Less allowance for doubtful accounts Inventerias for sale or use Prepaid expenses and deferred charges | Investmenis—U Sand stale government obigabons (attach schedule) Investments—corporate stock (attach schedtle) lnvestments—corporate bonds (attach schedule) Invesiments—tand, buldngs, and equipment: basis Less accumulate deprecation (attach schedule) Investments—mortgage loans \nvestments—other (attach schedule). Land, buildings, and equpment basis 9944966. Less accumulated deprecation (attach schedule) B. 4014738 (Other assets (describe > TRANSIT CHEK Total assets (lo be completed by all flers—see the instructions. Also, see page 1, item ) 3514 9200 9209 1656048) jei7120 va77120| 242897500) 308837590 7312656022 204530339 237693508 ‘640950056 3518538 2030126| rains 1466! 1722. 1722 492222295 552049273, 1958425057 ‘Accounts payable and accrued expenses Grants payable Deferred revenue Loans trom oficers,cretors, trustees, and other dlsqualted persons. Mortgages and other notes payable (attach schedule) Other habities (describe > ‘Total abilities (add lines 17 through 22) 3059 ‘2741 3059) Bae er 28 20 30 Net Assets or Fund Balances 1 Foundations that follow SFAS 117, check here» LI and complete lines 24°through 26 and lines 90 and 31. Unrestricted Temporatly restricted Permanently restncted Foundations that do not folow SFAS 117, check here » ‘and complete lines 27 through 31. Capital stock, rust principal, oF current funds. Paid-n or ceptal surplus, oF land, Bigg, and equipment fund etaned eamigs, accumulated come, endowment, or other funds Total net assets or fund balances (see page 17 of the instructions) ‘i otal liabilities and net assets/tund balances (sce page 17 ‘of the instructions) 492219236 52046532, 492222205 [EIIIII Analysis of Changes in Not Assets or Fund Balances 1 Total net assets o* fund balances at beginning of year—Part Il, column (@), ine 30 (must agree with end-of-year figure reported on prior year's return) 1 492219238 2 Enter amount from Part I, line 278 : 2 59627206 3 Other increases not included inline 2 (itemize) Pa ane we _ 4 Add ines 1, 2, and 9 . 4 52040592 5 Decreases not included in le 2 (itemize) 5 6 Total not assets or fund balances at end of year fine 4 minus ine 8}—Part il, column (i, ine gO [6 52006532 Ferm 990-PF (2007)Fox 90-0 2000 pase 3 [GERI Capital Gains and Losses for Tax on Investment income (0) Ut and deserae the kinds) of property 318 eg cel estate, TPF RES] ey One secured (9 Owe =a 2 ry tech rchoe or Soorton ate BaD MS BST Bopchase | ravi | Gmcame) Ja PUBLICLY TRADED SECURITIES ° 2 = es (pecan owed ono ae ase Gan 3 on « * alowahe Wears FRCS as BORBOGT EET) 205088 ni fo assis Showng gan cour and od ose (WF MY as ot 2169 UW payed vase 00 Gees a tosses om a i 2 a 30608348 > : = = — @ a ae aaa carl ao dernier 2 apt! gan vet mcome ort cial tess) { jganssscniern Pati ime? Ye sosonass 3 Net short-term captal gan or (oss) a8 defined in sections 1222(5) and () gan, also entorin Pat ine 8, column () (90 pages 13 and 17 of the mstrucvons. (oss), enter -0- Patt tne 8 a 202730 ‘Qualification Under Section 4940(@) 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) section 4940(4)@) apples, leave this part blank ‘Was the foundation lable for the section 4942 tax on the distnbutable amount of any year in the "Yes," the foundation does not qualify under section 4940(e) Do not complete this part. base penod? Cl Yes No 7 Enter the appropnate amount in each column for each year, see page 18 of the msiructions before making any entries. 2) = © @ SrePeeiae, Asystes qutiing cbutons | Nat vue of nendSrislese anets Desert tna yer i yr Beperg 6) oot Bsus vy ec) 2006 722222583 ea7i21267 0.035436 2005 '30443073| ‘555669632 0.054786 2004 '33675847| 1511691265 0.065812 2008 24323660] 494652888 0.049173 2002 '29845267| 1506050067, 0.058076 2 Total of line 1, column (8) 2 0.264183 3 Average distnbution ratio forthe 5-year base period divide the total on ine 2 by 5, oF by he number of years the foundation has been in existence if less than 5 years 3 0.052837 4 Enter the net value of nonchantabie-use assets for 2007 from Part X, line § . 4 793106075 5 Muttply ine 4 by line 3 5 41005946, 6 Enter 196 of net investment come (196 of Part I, line 27) 6 476560 7 Ade lines 5 and 6 z 42381905, 8 Enter qualfying distnbutions from Part XI ne 4 8 25630476 Ine 8 1s equal to oF greater than line 7, check the box in Part VI, ine 1b, and complete that pan using a 19% tax rate. See the Part Viinstructions on page 18, Ferm 990-PF (207)orm 980.9F 2007, Page 4 cis Tax Based on vesinen ome (ean GO, ANB] AO), o eo page 18 of te aruatons] ‘1a Exempt operating foundations descnbed n section 494040)2}, check here ® CJ and enter "N/A" on line 1. ate of ring leter nn. (alach copy of ruling letter H necessary—see instructions) : bb Domestic foundatons that most the sacton 4940() roquroments im Par V, check p | t 989120 here ® [) and enter 1% of Part |, ine 27b_ 7 «All other domestic foundations enter 296 of ne 27> Exempt foreign organizations ener 49% of Part ine 12, coh () 2 Tax under section 511 (domeste section 4947(aMt) trusts and taxable foundations only Others enter -0-) L2 3 Add lines 1 and 2 3 953120 4 Subtle &(ncome) tax (omeste secon 4847} tists and taxable ourdatons ony Others enter 0) | [4 5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -O- S 953120) 8 Gredis/Paymens : ‘2007 estimated tax payments and 2008 overpayment credited to 2007 | 6a Jeane b Exempt foregn organizations—tax withheld at source. 6b = ¢ Tax paid with application for extension of time to file (Form 8668) 6c d Backup withholding erroneously withheld 6d a 7 Total credits and payments. Add lines 6a through 6d 7 1520162| 8 Enter any penalty for underpayment of estimated tax Check here C1 Form 2220 1s attached [8 9 Tax due. If the total of lines 5 and 8 1s more than line 7, enter amount owed . Le 18 Greparnant ig or than he la a ead 8 et, Damon overoai | [a0 | EBOEE Enter the amount of line 10 to be’ Credited to 2008 estimated tax 567042| Refunded _& | 41 EXERT Statomonts Regarding Acthitios ‘1a. During the tax year, did the foundation attempt to influence any national, state, or local legislation or did i participate or intervene in any polical campaign? 'b Did it spend more than $100 during the year (ether directly or indirectly) for poltical purposes (see page 19 ‘of the instructions for definition)? If the answer's "Yes" to 18 or 1b, attach a detailed descrotion ofthe actwtes and copies of any materials published or aistnbuted by the foundation n connection withthe actwites © Did the foundation file Form 1120-POL for ths year? 4 Enter the amount (i any of tax on politcal expenditures (section 4958) posed dung the year (1) On the foundation, > $ (2) On foundation managers > § {Enter the reimbursement i any) paid by the foundation during the year for political expenditure tax mposed on foundation managers. > $ = 2. Has the foundation engaged in any aclvites that have not previously been reported to the IRS? 1 Yes," attach a detaied descnption of the activities. ‘3. Has the foundation made any changes, not previously reported to the IRS, in ts governing mstrument, articles of Incorporation, or byiaws, or other simular struments? 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 yea’? bb if "Yes," has i fled a tax return on Form 990-T for ths year? . 5. Was there a hquidation, termination, dissolution, oF substantial contraction dung the year? 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 erther: ‘¢ By language i the governing instrument, or '* By state logislation that effectely amends the governing instrument so that no mandatory directions that confit with the state law remain in the governing mstrument? 7D the foundation have atleast $5,000 masses at ary me dunng the year? i "Yes," complete Part i, col (and Pat XV. ‘82 Enter the states to which the foundation reports or with which it 1s regstered (see page 19 of the instructions) FLORIDA. AND NEW YORK bb Ifthe answer 6 “Yes” to tine 7, has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state as requred by General Instruction G? If "No," attach explanation 9 Is the foundation claming status as a prvate operating foundation within the meaning of section 4942()(3) cor 49424)() for calendar year 2007 or the taxable year beginning in 2007 (see instructions for Part XIV on wy w| |v eral Lead oa) ay sly aa[ [v7 a fst age 27)? If “Yes,” complete Part XIV , Dt ee 2 v 10 Did any persons become substantial centers drat the tax yoar fes," attach @ schedule sting their names and adresses aan _e wl v om 990-PF oororn $0.0 007 Page § Statements Regarding Activities (continued) ‘Ya At any tme during the year, did the foundation, dreclly or mdrecly, own a eontoled ently within the meaning of section 512(b\13)? If “Yes,” attach schedule (see page 20 of the instructions) . Ma v b 11-¥es," da the foundation have a binding wntten contactn effect on August 17,2006, covering the meres rents, oyaltes, and annulies described Inthe attachment for ine 11a? NA | sb) 12 Did the foundation acquire a direct or inderect interest in any applicable insurance contract? 12 a 13 Dis tne foundation comply wth the puble nspecton requrerents forts annual retuns and exemption appheaton? — [39 | 7 Wiebste acoress > NA . os 14 The books are in care of > JEFFAV HM BICOWER Telephone no. S648381992 Locate at» 1410 SOUTH OCEAN BOULEVARD, PALIN BEAGH, FLORIOA "POOF 30400 15 Section 4947(a)1) nonexempt chantable trust ting Form 990-PF in heu of Form 1041--Check here a ‘and enter the amount of tcexempt interest receved or accrued dunng the year | 46 | ‘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] Wo ‘a, Dunng the year id the foundation (ether rectly oF increcty) AG (3) Engage in the sale or exchange, or leasing of property with a chequalied person? . Ces Wo : (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? 7 . Oves no |< (2) Furnish goods, serces, oF facies to (or accept them from) a cisqualited person? | Ces No (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? Yes ONo (5) Transfer any ncome or asses to a cisqualied person (or make any of ether avaiable for ‘the benefit or use of a disqualified person)? 7 : 7 Oves Zino 7 (6) Agree to pay money or property to a government offal? Exception. Check *No™ i the foundation agreed to make a grant to of to employ the offical for a pend after 5 ‘termination of government service, if terminating within 90 days). . . Oves Uno b tf any answers “Yes" to ta)-6), i any ofthe acs fal to qualy unde the excepions desenbed n Regulations y section $3,494 (0-3 orn a current notice regarding disaster assistance (see page 22 of the instructions)? Organizations relying on a current notice regarding disaster assistance check here -o « the oundation engage m a por yea any of heats deserbed a oer han excepted as, ta ‘were not corrected before the fst day of the tax year beginning in 20077 2 Taxes on failure to distribute mcome (section 4942) (does not apply for years the foundation was a prvate ‘operating foundation defined n section 4942()(3) or 4942()5); {At the end of tax year 2007, did the foundanon have any undistributed income (ines 6d and 6e, Part Xit) for tax year(s) beginning belore 20077... . . Oves WYes," Ist the years 20...., 20.... 5 20... 20 'b Are there any years listed in 2a for which the foundation is not applying the prowsons of section 4942(a)2) (lating to incorrect valuation of assets) to the year's undistnbuted income? (If applying section 4942(a)2) to all years listed, answer *No" and attach statement—see page 22 of the instructions.) . € Ifthe provisions of section 4942(@)(2) are being applied to any of the years listed 1 2a, lst the years here Ie ont co 2020) 3a Did the foundation hold more than a 2% direct or indirect interest im any business enterpnse at any time dunng the year? ee : . Chves no If “Yes,” cid it have excess business holdings m 2007 as a result of 1) any purchase by the foundation or isquaitied persons after May 26, 1969; 2) the lapse of the 5-year penod (or longer period approved by the ‘Commissioner under section 4943(c)7}) to dispose of holdings acquired by git or bequest; oF () the lapse Of the 10-, 18-, or 20-year frst phase holding penod? (Use Schedule C, Form 4720, to determine if the foundaton had excess business holdings in 2007.) ab |W 4a Did the foundation invest during the year any amount in a manner that would jeopardize ts charitable purposes? | 4a _ 'b Dad the foundation make any swestment na prior year fut after December 31, 1969) that could jeopardize as chartable |. [> — [purpose thal had not been femoved from eopardy before the frst day of the lax year beginning 13 20077 4b Z Fem 990-PF aonform o109F goon ase 6 [RUMI statomonts Regarding Activiies for which Form 4720 May Be Required (Contnued) $5 During the year di the foundation pay or ncur any amount 0 (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? Ores Zino (2) Inuence the outcome of any spectic pubic elacton {S00 secon 4965), orto cary on, rrectly oF indirectly, any voter registration drwve? Oves Zino (@) Provide a grant to an individual for travel, study, or other similar purposes? Over Jno (4) Provide a grant to an organization other than a chantable, etc , organization described in section 609(a}1), (2), oF (3). or secton 4940(d)2)? (see page 22 ofthe instructions) Oves (6) Provide for any purpose other than religious, chantable, scientéic, iterary, or educational purposes, or for the prevention of cruelty to children or animals? . Cl yes (No bb If any answer 1s "Yes" to Sal1)+5), did any of the transactions fail to qualfy under the exceptions descnbed in Regulations section 53 4945 or in a current notice regarding disaster assistance (see page 22 of the structions)? | Sb N/A Organizations reiying on a current notice regarding disaster assistance check here WA eo Ifthe answer 1s "Yes" to question Sa(a), does the foundation claim exemption from the tax because it maintained expenditure responsibilty for the grant” NCA” Ces Dino 11 "¥es," attach the statement required by Regulations section $9 4945~5(¢) {62 Did the foundation, during the year, receive any funds, directly or marectl, to pay premiums 7 fon a personal benefit contract? |. Over Ano bb Dd the foundation, dunng the year, pay premums, drecty or ndrectiy, on a personal benefit conract? 6b v IW you answered "Yes" to 6b, also fie Form 8870, 1 Kanye dg ete yr wath ran pty ta bie Sr eon? Ces Gye Wye, tn oundaton fective ay prowess ohare ay het aan arnt re rans te EEERII information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees, Apes 1_List al officers, directors, trustees, foundation managers and their compensation (see page 23 of the instructions). eae sre Shanice” | Rates | oSowtrel, [Mgrs gt 25000 16551 NONE 2 Compensation of five highest-paid employees (other than those included on line 1—see page 29 of the Instructions). MW none, enter “NONE.” [ie Cqneasne ] ets oa ese? royee tare |) Expo accor. trina eating samen snino | SIRAEY LEE” | 0 conmnsnen | 8 ae ase “EE se MARIA ELEWA LOPEZ. Ton Program cle THe PICOWER FOUNDATION” bse cen tear a NONE jeputy Director ence a 8 hrs /week 101379) 2269 NONE clo THE PICOWER FOUNDATION MARISOL J. CUNNINGTON ‘clo THE PICOWER FOUNDATION EREN M. HOCK 0. hrs/week TEREyerar sr108 vse NONE ‘Total number of other employees paid over $50,000. : > [NONE Fam 990-PF (2007)Form 980-6 gor) Page 7 Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees, and Contractors (continued) 3 Fi highest-paid independent contractors for professional services (see page 23 of the instructions). I none, enter: NONE.” (0) Namo and adress o och puson poe mae than $50,000 1) Type of soves (WOLFF & SAMSON PC — ~ [LEGAL ONE BOLAND DRIVE, WEST ORANGE, NJ 07052 ae "ToC GROUP, INC. cS aan “say yggaye = JEONSULTING 50 EAST 42ND STREET, 19TH FLOOR, NEW YORK. NY 10017 oe on CONSULTING 150 AGO DRIVE, . zee MORGAN LEWIS & BOCKIUS LLP eaircaat couse 8.0. BOX 6500 5.6050, PHILADELPHIA, BA TSiT68050 ‘etal numberof others resawnng ove” $50,000 Tor proessinal somces © [NONE EEA summary of Direct Charitable Activities Up e euciors ar trl dec cable aves ara has yu, vat anid omen wan esiemanior | Gapuaan ‘of esgorastons and cer benattaes sured, cvisrences Conve esearch papers odd, se 7 NONE EEMIEEE] Summary of Program-Related Investments (see page 24 of the instructong] ‘Describe thet ingest propa elated invesarts made bythe eundaon cutg We ak yer oh res 1 a? 1 NONE ‘Total Add ines 1 Wwough 3 zi : > Fon 990-PF e007)Form 990: 07) ‘see page 24 of the instructions) Page 8 Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, 7 Far market value of assets not used (or held for use) dveclly mn earrying out chariable, ec, purposes 1 Average monthy fair market value of securies 18 02289721 Average of month cash balances. : 2 De 2e0at12 ¢Fair market valve of all other assets (see page 25 of the structions) te NONE 4 Total (add hres 1a, b, and c) ta | __ 805103893 €@ Reduction clamed for blockage or other factors reported on tnes 1a and 1e (attach detailed explanation) 2 Acqusston indebtedness applicable to ne 1 assets 2 NONE 3 Subtract ine 2 from ine 13. 3 305162893, 4 Cash deemed hed for chartabe actos Enter 1196 of ne lor greater amount, see page 25 of the instructions) 4 12077758 5 Net ae of oncharitabasuse sae Sit ine 4m ine 3, Ener ae and on Pa Vite 4: [8 793105075 imum investment return, Enter $36 of ne 8, 6 39055008 [EMTERT cistibctabie Amount lose pogo 25 af the Tatuclona) Sector 250200) ra We ens apa foundations and ceramn foreign organzations check here ® C] and do not complete this pan 1 Mnmum avestment return from Part X, ine 6 : oe 1 968508 22 Tax on investment income for 2007 from Part Vi, ine 5. 20 asataa] Income tax for 2007 (This does not ielude the tax rom Part VI) 2b © Add ines 2a and 20 2e 953120 3 Disinbutable amount before adjustments. ‘Subtract line 2c from line 1 3 38702184 4 Recoveres of amounts Weated as quaking distnbutlons [al NONE 5 Add ines 3 and 4 5 ‘ezo2ies 6 Deduction from distnbutable amount (see page 25 of the instructions) » 7 NONE. 7 Distributable amount as adwusied Subtract ine 6 from ine 5. Enler here and on Part Xil tne t eras eee r 30702108 ERIE] Quaiitying Distributions (see page 26 of the instructions) 1 Amounts pad (ncluding admvsvaive expenses) to accomplish chantable, ele, purposes | — Expenses, contnbuttons gts ete Iola! fram Part I column (ne 26, : ie 25990476 Program-related investments—total from Part IB 1b NONE ounts paid to acqUre assets Used (or held for Use) drctly m canying OUI chantable, ee. 2 Amounts pa to 3 sed (or held for Use) directly n carrying / _ 3 Amounts set aige for spectic chartable projects that satly the 7 ‘8 Suttabiiy test (rior IRS approval required). ws. ss cee eee foe NONE b Cash distnbution test (attach the required ‘schedule) | . . 3b. NONE 4 — Qualifying distributions. Add lines 1a through 3b Enter here and on Part V, ine 8 and Pat ill, ne 4 4 25830476 5 Foundations that quay under section 4940 or the reduced rate of tax on nel mnvestment income Enter 1% of Part, ine 270 (eee page 26 of the mstrucions) «+ eenrraeae|o ° 6 Adjusted qualifying distributions. Subtract line 5 from line 4 Ls 25830476 Note:The amount on fine 6 willbe used in Part V, column (e), m subsequent years when calculating whether the foundation ‘quaities for the section 4940(@) reduction of tax in those years. Form 990-PF (2007)Form 090-Pe 007) Page 9 EMIT undistributed income (see page 26 of the instructions) @ o a wf 1. Distnbutable amount for 2007 from Part XI, a —— = : ne 7 387021 2 Undstnbuted income any, as of the end of 2006, — i ‘8 Enter amount for 2006 only - s2242705; 1b Tota for prior years: 20__,20__,20__ 3 Excess distributions carryover, if any, to 2007. | eo = 2 From 2002 : NONE! b From 2003. NONE] ad © From 2004 : NONE] “f, : From 2005 : NONE, : . ‘© From 2006 NONE] * {Total of ines 3a through & NONE! 4 Qualifying cistnbutons for 2007 trom Part x ee eee s “ ‘a Appliad to 2006, but not more than line 2a 13282705 'b Aopled to undstnbuted income of por yeas (Electon requred—see page 27 ofthe instuctons) NONE © Treated as distnbutions out of corpus (Election required—see page 27 of the mstructions) NONE! i Applied to 2007 distributable amount $9687 © Remaining amount distributed out of corpus 5 Excess distnbutions carryover applied to 2007 NONE, NONE {Of an amount appears in column (0), the same . ‘amount must be shown in column (a}) 6 Enter the net total of each column as dicated below: |__| 8 Corpus. Add ines 3, dc, and 4e Subtract ine 5 NONE, b Prior years’ undistributed income Subtract line 4b trom line 2 tee NONE! © Enter the amount of prior years’ undisinbuted income for which a notice of deficiency has been Issued, of on winch the section 4942(a) tax has i been previously assessea : NONE, : @ Subtract ine 6c trom me 6b. Taxable | amount—see page 27 of the instructions NONE, i Undistributed income for 2006. Subtract ine : qe | 4a from line 2a. Taxable amount—see page i: 27 of the instructions. ci - NONE i 11 Undstabuted income for 2007. Subtract ines |" . 4d and 5 from line 1. This amount must be ‘dstributed in 2008, B55o5 7. Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(O\(1KF) oF 4942(@)) (see page 27 of the instructions) 8 Excess dstnbulions caryover from 2002 not applied on hne § or lino 7 (see page 27 of the instructions) 9 Excess distributions carryover to 2008, ‘Subtract lines 7 and 8 from line 6a 10 Analysis of ine 9: a Excess from 2003... a b Excess from 2004 | | NONE, © Excess from 2005 |. NONE| Excess from 2008 | | ‘NONE Excess from 2007 NONE! Tom 990-PF 207fom ono acon oes 10 Private Operating Foundations (see page 27 of the instructions and Pan VILA, queston 9) w/a 18 Hf the foundation nas recewed a ning or determination leer that #1 a pmte operating foundation, and the ruling ws effectwe for 2007, enter the date of the ruling hile 'b Check box to indicate whether the foundation a pavate operating foundation descnbed in section _[] 4942010) or L) 4922) 2a Enter the lesser of the adjusted net [Tax year roe 3 years (o) Tour income fom Part | of the imum a ena i ad trvestment return ftom Part % for - 2 a a a teach yoar bsted fi | eaeenenee 85% of ine 28 = © Qualifying distnbutions trom Part Xl line 4'for each year listed «Amounts ued nine 2e not used drety for ace conduc of exempt aces © Quaityng dstrbutons made droctly for active conduct of exempt actities Subtract Ine 26 from bne 26 3 Complete 3a, b, oF ¢ for the alternative test reed upen ‘a “Assets” altematwve test—enter: (1) Value ofall assets (2) Value of assets _quastying under section 4942{)@)6)) “Endowment” aerate es—enter of igunmum avestment feu shown i Part Ripe Tor each year sted = Support alternative test—anter: (1) Total support other than gross investment income (terest, ‘vidends, ren, payments on Securties loans (eection 512{aK6), oF royates) (2) Suppor from goneral pubic land 9 more exempt ‘organizations as provided in ‘Section a9d2{i@)Nu) {8) Largest amount of support irom ‘an exempt organzation . (4) Gross ivestment income EAIENT 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.) 7 Information Regarding Foundation Managers: ‘List any managers of the foundation wie have contributed more than 29% of the total contributions received by the foundation botore the close of any tax year (out only i they have contributed more than $5,000). (See section S071d}2)) JEFFRY M. PICOWER '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 or other enty) of which the foundation has a 10% or greater terest. Nia. 2 Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs: Check here ® WZ ifthe foundation only makes contributions to preselected chantable organvations and does not accept Unsolicited requests for funds. I the foundation makes gis, grants, ete, (eee page 28 of the insiructions) to individuals or Organizations under other conditions, complete tems 2a, b,c, and d. ‘2 The name, address, and telephone number of the person to whom applications should be addressed: NA. 'b The form m which appheations should be submited and information and materials they should melude: NA Any submission deadines wa” ‘@ Any restrictions or imitations on awards, such as by geographical areas, chantable fields, kinds of institutions, or other factors: NA om 990-PF aor)Form 990-7 oor rage 14 ‘Supplementary Information (continued) 3__ Grants and Contributions Paid During the Year or Approved for Future Payment ~ Recipient sey mses mana niga a Name and address (home or business) | 2'tubstania'conneter| "Prt @ Pard during the year ‘SEE SCHEDULE ATTACHED 2a2aaor Total 2 Doo se] 25024001 'b Approved for future payment Total > 36] NONE Form 990-PF co”fax 990-7 (2007) GETENTRY Analysis of income-Producing Activities Page 12 Enter grass amounts unless otherwise indicated. 1 Program service revenue Unrelated busmnese meome Bede by sehen 517, 513, 0 518 @ to ‘users coat » amount @ txcsion code (a, ett or exam Tuncton wean (Seo page 20 ot thowsuctens) 19. Fees and contracts from government agencies Membership dues and assessments Interest on savings and temporary cash investments Dividends and interest from secunties Net rental come or oss) from real estate ‘a Debt-nanced property b_ Not deot-financed property Net rental income or oss) from personal property Other investment income : Gain or (loss) from sales of assets other than inventory Net income or (loss) from special events, Gross prot oF (loss) rom sales of inventory Other revenue: a INTEREST INCOME - IRS’ 4 75827 14 76971675 30608548 1” 152 b a 412 Sublolal Add columns (©) (0), and (@) 49 Total. Add line 12, columns (). (). and te) 47556002, (Seo worksheet in hne 13 instructions on page 29 to venty calculations.) EETEQIEG] Relationship of Activities to the Accomplishment of Exempt Purposes 13 ‘a7e5s002 ine No. | Explain below how each actwviy for which income « reported Ja column (e) of Part XVT-A coniibuled wnporlaiy 19 Linge. | ing aczemptaniment of Wis fouhdator's examin burposes father than by providing funds for such purposes) Coe age 29 of the msvuctons Nia. rer 1m 980-PF (007Form 960-9F 2007) Page 13 EEGEMII Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations 1. Did the organization directly or indirectly engage in any of the following with any other organization descnbed Yes} No tn section 501() of the Code (other than section $01(c)3) organizations) or in section 527, relating to political organizations? 1 Transfers from the reporting foundation to a nonchantable exempt organization of (1) Cash 5 be oe go sat] ~ (2) Other assets. : ao - fet x b Other transactions (1) Sales of assets to a nonchantable exempt organization : b(t (2) Purchases of assets from a nonchantable exempt organzation tba) (8) Rental of faciities, equipment, or other assets. - fee (4) Reimbursement arrangements, te (8) Loans or foan guarantees : : sbIe) {6) Performance of services or membership oF fundraising Solttations : se ‘© Shanng of faciities, equipment, mang lists, other assets, or paid employees @ I the answer to any of the above is “Yes,” complete the following schedule Column (b) should always show the far market value of the goods, other assets, or services given by the reporting foundation. If the foundation received less than far market value in any transaction or sharing arrangement, show in column (4 the value of the goods, othe assets, or services recewed Were ro] Amount mowed | fe Name of nonchartabie exerci ganeaton | ld Descrpton ol vansers, vasactons, and sheng avanpenenis ‘2a Is the foundation directly or indrectl atilated with, or related to, one or more tax-exempt organizations described in section 501(c) of the Code (other than section 50 (cK) or im section 527? Dyes Zo b tt"ves." somplete the following schedule, (3) Name of exganaston (Elie of epanaaion (aomcreton a aiorsn ey pa Sa Sa aR Ha SI ENE oT oy Mae Sa RHE Sal Bd SS tadcn pepe ean cy arch = ond ov a rahe! wn pope Nesey ge » zh lor y soles gg |Psomordronen tae oo ie £ Dae Preparers SSN oT 5 etl (es Sanat o age 9 of he & Inboyed » C2) Senciet a Proper Eee eps eae! ar Ha =) [oma Fom 990-PF gor)Schedule B IMB No yer Schedule B Schedule of Contributors one wo 1600 Sonor} Supplementary ifrmaton or 2007 sxpergt te ner line 1 of Form 880, 890-€2, and 980-PF (see instructions) ‘Name of organization Employer Wariificaton number The Picower Foundation 8 677083 ‘Organization type (check one) Filers of: Section: Form 990 or 990-€2 1 S016) enter number organization C 4847(2\1) nonexempt chantable trust not treated as a private foundation G1 827 potical organization Form 990-PF [Z)_801(c)9) exernpt pavate foundation D 4847(@\1) nonexempt charitable trust treated as a prvate foundation 1 501(c)9) taxable private foundation ‘Check if your organization 1s covered by the General Rule or a Special Rule. (Note: Only a section SO1(6N7), 9), oF (70) ‘organization can check boxes for both the General Rule and a Special Aule—see mstructons) General Rule— ]Z) For organizations fling Form 990, 990-€2, or 890-PF that received, during the year, $5,000 or more (m money oF property) from any one contnbutor. (Complete Parts | and tl) ‘Special Rules— For a section 501/648) organization fling Form 980, or Form 980-EZ, that met the 83% support test of the regulations Under sections 509(a(1)/17O}K1V/ANW), and received from any one contributor, dunng the year, a contnbution of the (greater of $5,000 or 2% of the amount on Ine 1 of these forms. (Complete Parts | and I!) C1 For a section 501(¢)7, (8), oF (10) organization ting Form 990, or Form 990-E7, that recewed from any one contnbutor, {during the year, aggregate contnbutions or bequests of more than $1,000 for use excluswely for religious, chantablo, sciontic,lterary, or educational purposes, or the prevention of cruelty to children or animals. (Complete Parts I i, and I) G. For a section 501(6N7), (@), oF (10} organization fing Form 990, or Form 980-EZ, that recewed from any one contributor, ‘during the year, some contributions for use exclusively for religious, chantable, etc.,.purposes, but theso contnbutions did ‘ot aggregate to more than $1,000 (If this Dox is checked, enter here the total contnbutons that were received dunng the year for an exciusively religious, chaftable, etc, purpose. Do not complete ary of the Parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc, contributions of $5,000 or more uring the year.) >s Caution: Organvzations that are not covered by the General Rule andor the Special Rules do not fle Schedule B (Form 990, {990-E2, or 990-PA), but they must check the box inthe heading oftheir Form 980, Form 990-EZ, oF on line 2 of their Form {990-PF, to certiy that they do not meet the fing requirements of Schedule B (Form 990, 990-£2, or 990-PF) For Paperwork eaucuon Act Notice, seo tho Inatrucuons| (at No 2061aK ‘Schedule 8 (Form 880, 90-€2, o 90-PF 207 {or Form 990, Form 90:82, ana Form 90.PF.‘sence 6 Foun 90,902 8007 2007) ome ct 1 orrant Name of organization Erployer identeaton number The Picower Foundation ‘1 cezr04s Contributors (See Specific Instructions.) (a » ed @ No. | ___Name, address, and ZIP + 4 Aggregate convibutions | Type of contribution ety M,Picower Twenty Yar Grantor income Tus ho Payroll 1410 South ocean Boulevard $______40.074671.0 | Noncash aim Beach F 33400 7 @) No. Name, address, and ZIP + 4 (Complete Par itt tere Sp noneah contusion) @ @ ‘Aggregate contributions: (a) No. Type of contribution. Person () Payroll = Noncash (Complete Pat it here is ‘enaneah connusion) ) @ ‘Aggregate contributions | Type of contribution (a) No. © Person (1) Payot = () — | Noncash (Complete Part here 1 ‘Snoncash contusion) Name, address, and ZIP + 4 © @ ‘Agaregate contributions | Type of contribution ® Name, address, and ZIP + 4 Person [] Payroll —|s_ ——— Noncash (Comelote Par it ares ‘Snoneath controuton) © @ Aggregate contributions _Type of contribution Person) Payroll s_—____ Noncash (Complete Par it there fs ‘| noncash eontnbution) @) ) No. Name, address, and ZIP + 4 © @ Aggregate contributions | Type of contributk Person] Payrot [1] Noncash (Complete Part tf hore ' noneash cantrbtion) ‘Schedule (Ferm G00, 00-2, or 99:7 007)tt ene 8 fom 0.292 990.79 a0 age 1 ot otpan Name of organization Employer eniieaon number The Picower Foundation 1a 6277083 LRM Noncash Property (See Specific Instructions) N/A (0) Wo. c ® a trom scription of not hs FM (or estimate) com Description of noncash property given nal es eons Date received = |s —1 (0) No. © ® (@ tom FM (or estimate) Part Description of noncash property given pcos Date received : a s ——— (0) No. (2 @ ‘tom FMV (or estimate) : Pant (ove mvuetons) oe eed — paae9 —— 1 (2) No. © ‘from ©) FMV (or estimate) | # ao Description of noneash property given eal cones Date received : s e (2) No. © trom ©. (or esti: @ trem Description of noveash property given Fav (orestinae) | pate focened $ 7 (a) No. (2 o O ‘rom FMV (or estimate) om Description of noncash property given uc ccmeas Date received - $ (Ferm 860, 6042, or 990-PF 007)THE PICOWER FOUNDATION 12-31-07 FORM 990-PF, PART I - CONTRIBUTIONS & PART VII-A - QUESTION #10 Name & Address Jeffry M. Picower Twenty Year Grantor Income Trust 1410 South Ocean Boulevard Palm Beach, Florida 33480 #13-6927043 Amount $ 40,074, 671.00 $40,074, 671.00THE PICOWER FOUNDATION #13-6927043 12-31-07 FORM FE, PART I R_INCOM REVENUE, AND NET ADJUSTED EXPENSES — INVESTMENT NET CHARITABLE DESCRIPTION PER BOOKS INCOME INCOME PURPOSES Department of the Treasury Internal Revenue Service Interest Income 151.90 151.90 TOTALS 151.90 151.90 NONE NONETHE PICOWER FOUNDATION 12-31-07 FORM 990-PF, PART I - LEGAL FEE: REVENUE, AND EXPENSES DESCRIPTION PER BOOKS Morgan, Lewis & Bockius LLP P.0. Box 8500 S-6050 Philadelphia, PA 19178-6050 65,458.71 Sutherland Asbill & Brennan LLP 999 Peachtree Street, NE Atlanta, GA 30309-3996 35,929.14 Wolff & Samson PC One Boland Drive West Orange, NJ 07052 152,469.10 TOTALS 253,856.95 #13-6927043 NET ADJUSTED INVESTMENT NET. CHARITABLE INCOME INCOME PURPOSES. 65,458.71 35,929.14 152,469.10 NONE NONE 253, 856.95THE PICOWER FOUNDATION 12-31-07 FORM 990 DESCRIPTION WithumSmith+Brown One Spring Street New Brunswick, NJ 08901 TOTALS PART I - ACCOUNTING FEE: REVENUE AND EXPENSES PER BOOKS 1,800.00 1,800.00 NET INVESTMENT INCOME NONE #13-6927043 ADJUSTED NET INCOME NONE CHARITABLE PURPOSES. 1,800.00 1,800.00THE PICOWER FOUNDATION 12-31-07 FORM 990-PP, PART I - OTHER PROFESSIONAL FEES REVENUE AND NET EXPENSES INVESTMENT DESCRIPTION PER BOOKS INCOME CONSULTING FEES Dr. Alan Cherrington 8012 East Chase Court Nashville, TN 37221-4129 2,500.00 Michael S. Levine 150 Santiago Drive Jupiter, FL 33458 79,931.25 Dr. Richard O’Brien 728 Jones Parkway Brentwood, TN 37027 2,500.00 SACAGAWEA LLC 390 S** Stret, Apt. 1 Brooklyn, NY 11215 17,425.00 TCC Group, Inc. 50 West 42” Street 19 Floor New York, NY 10017 121,285.90 TOTALS 223,642.15 NONE #13-6927043 ADJUSTED NET CHARITABLE INCOME PURPOSES 2,500.00 79,931.25 2,500.00 17,425.00 121,285.90 NONE 223,642.15THE PICOWER FOUNDATION 12-31-07 FORM 990-PF, PART I - TAXES REVENUE AND EXPENSES DESCRIPTION PER BOOKS EXCISE TAXES 1,439,245.86 FICA 36,208.45 sur 1,719.02 TOTALS 1,477,173.33 NET INVESTMENT INCOME NONE #13-6927043 ADJUSTED NET INCOME, NONE CHARITABLE PURPOSES NONE 36,208.45 1,719.02 37,927.47THE PICOWER FOUNDATION 12-31-07 FORM 990 F, PART T DESCRIPTION COMPUTER EXPENSE PAYROLL SERVICES DUES & SUBSCRIPTIONS ENTERTAINMENT EXPENSE INSURANCE LC FEES/SOLOW BLDG MAINTENANCE & REPAIR MESSENGER EXPENSE MISCELLANEOUS EXPENSE, DELIVERY EXPENSES OFFICE EXPENSE OFFICE SUPPLIES PROCESSING FEE POSTAGE, REGISTRATION & FEES TELEPHONE TOTALS THER EXPENSES REVENUE AND EXPENSES PER BOOKS 35,968.70 2,391.23, 3,857.91 8,994.84 46,310.00 11,161.41 16,376.89 1,664.35 62.00 36.00 6,532.35 7,459.58 329.31 701.90 11,610.00 7,834.38 161,290.85 INVESTMENT #13-6927043 ADJUSTED NET CHARITABLE INCOME PURPOSES 35,968.70 2,391.23 3,857.91 8,994.84 46,310.00 11,161.41 16,376.89 1,664.35 62.00 36.00 6,532.35 7,459.58 329.31 701.90 11,610.00 7,834.38 NONE 161,290.85PORTFOLIO APPRAISAL The Picower Foundation Consolidated Appraisal December 31, 2007 vst Tout Market Fel. Unrealized = Annual Cur. Date _Quantty Security Cost Cast Price Value Assets _Gain/Loss__Income__ield ‘COMMON stock 4248-94 12.500 ALCATEL-LUCENT 3313 414,11043 732 91,5000 0.0 22261043 ow 7 01-00-08 248,000 ALLEGHENY 4002 980805000 65 40 21.168,00000 22 11,363,95000 10045000 05. TECHNOLOGIES INC 07-16-05 645,000 AMAZON COM INC 3710 23,932.20000 9264 59,752,80000 3 35,820,50000 000 00 422600 60,003 AMERICAN INTL 241 "14484935 5830 -3498,17400 08 3.35992555 «9.00240 14 GROUP INC CN 02.02.06 8,500 AMERIPRISE. 4151 35283500 551146849500 00 145.6000 © 5,10000 11, FINANCIAL, INC 07-14-05 595,000 APPLE INC CMN 4052 21,678,25000 19808 105,972,800 111 84,204,550 00 000 00 04.04.98 116,600 ATAT 1033 1,204,50000 41.56 4.845.896.0005 364139600 16557200 34 INCORPORATED 4246-94 49,565 BIOGEN IDEC INC 716 35484062 56.92 2.621,29980 03 2.488,20018, oc 7 11-2801 340,872 CARMAXINC 898 306234537 «1975 6.73222200 07 3,669,87563 000 00 4203.90 158,400 CATERPILLAR INC 968 1,593,52500 7256 11149350400 1.2 9.g5997900 2154240019 11-28-01 29,000 CAVCO INDUSTRIES 521 "15117480 33.84 981,360.00 01 830,18520 000 00 Nc 04.08.08 $83,910 CONOCOPHILLIPS 5250 31,295.02155 88.30 51,559.25300 $4 20,32263145 21020760 04 11-28-08 798,260 CVS CAREMARK 2669 21,307,58000 3975 31,73089500 33 10,423,255 00 oo 7 CORPORATION 01-23-07 120,000. EXPRESS SCRIPTS. 3268 3,945,000 73.00 &,760.00000 09 4,815,00000 000 00 Inc 12.0901 15,600. FANNIE MAE 1378 21498750 3998 6zaoH00 01 © 40870050 18,7200 30 1231-07 5436. FIDELITY SPARTAN 100” 543800 100«S 5.43500 00 000 000 (00 US TREASURY MONEY MARKET 124981 12,000 GENERAL ELECTRIC 519 6225000 3707 44e,g4000 00 382,59000 13,440.00 3.0, Co. 07-1405 190.000 GOOGLE INC-cL A 301.85 57.314,60000 691.48 131,381,200.00 138 74,086.0000, 000 00 01-22-07 108,000 HONEYWELL 4411 4'586,96000 61.57 640328000 07 1,816,30000 78,000.00 12 INTERNATIONAL INC 120491 31,200 JOHNSON. 1159 361,72500 6670 2.081,08000 02 171931800 39.9600 19 JOHNSON 01-09-08 200,000 LAM RESEARCH 39.00 7,799,700 4323 646.0000 09 —_846,30000 000 00) CORP 11-28-01 372,000 NETWORK 1462 5514,74000 2498 9,285,120.00 1.0 3,70,38000 0.00 00) APPLIANCE INC. 1209-01 328,80 ORACLE 2619 861330274 2258 7.424.981.4008 -4,188.41194 000 00 CORPORATION 02-09-07 10,000 PATRIOTCOAL CORP «25.38 25381248 ©4174 © 417.400.0000 169.587 52 0.00 00 02.09.07 100,000 PEABODY ENERGY 37.88 9,787,78752 6164 6,164/000.00 08 © 2,376.21248 24,000.00 04 CORP 120991 68,400 PFIZER INC 553 37815000 2273 1.55473200 02 _1,17658200 79,34400 51 0503-08 1,152,000 RESEARCH IN 2092 24,098,960.00 113.40 130(636,800 00 137 108,537.820.00 000 MOTION LTO 03.07.07 50,000 SCHERING-PLOUGH 2333 4,185.500.00 2864 1,992,000.00 0.1 16580000 13,000.00 10 coRP 1243-08 336,125 STAPLES INC 272 91025000 2307 7,70826375 08 6,798,01375 000 09 04:42.95 448,000 TEXAS 5.46 2496,00000 9340 141963,200.00 16 1252720000 179,200.00 12, INSTRUMENTS INC 02.12.07 13,992 TRANSOCEAN INC 7621 _4,086.33032 14315 _2.002.954.00 _02 __ 936.2448 0.09 _00 237,693,503 67 {640,950,955.65 ”67.H03,257,451.98 1,190,396.00 0.2Security PORTFOLIO APPRAISAL The Picower Foundation Consolidated Appraisal December 31, 2007 Price Market Value Pet Unreatized Annual Cur. GainiLoss__lncome __Yield ‘TREASURY BILLS 07.2607 08.30.07 09.08.07 09.13.07 09.20.07 09.28.07 10.04.07 1018.07 s11s07 41.23.07 11-2007 12.0807 124307 12.2007 s22707 42,975,000, 100,000 20,000 154,650,000, 3,925,000 525,000 75,000 125,000 2,325,000 4,250,000 51,850,000 15,525,000, 10,975,000, 15,825,000, 10,775,000, (OTHER ASSETS 05-25-07 1,108,700 US TREASURY BILL UE 07703/2008 4.920% Due 01-03-08 US TREASURY BILL Due ov/10/2008, 4.050% Due 01-10-08, US TREASURY BILL DUE ov17/2008, 4.310% Due 01-17-08 US TREASURY BILL DUE 01/24/2008 4 100% Due 07-24-08, Us TREASURY BILL DUE 01/31/2008 4.000% Due 07-31-08 US TREASURY BILL DUE 02/2@r2008 4.040% Oue 02-28-08 US TREASURY BILL DUE 03/08/2008 4.150% Due 03-06-08 US TREASURY BILL DUE 03/20/2008 3.970% Due 03-20-08 US TREASURY BILL ‘DUE 04/03/2008 3.420% Duo 04-09-08 US TREASURY BILL ‘DUE 04/10/2008, 3.240% Due 04-10-08 US TREASURY BILL DUE 04/24/2008 3.100% Ove 04-24-08 US TREASURY BILL DUE 05/01/2008 3.140% Due 05-01-08 US TREASURY alLL UE 05/08/2008 3.080% Oue 05-08-08 US TREASURY BILL DUE 05/15/2008 3.170% Due 05-15-08 US TREASURY BILL DUE 05/22/2008 3.240% Due 05-22-08 GOLDMAN SACHS. BANK DEPOSIT ACCOUNT 97 88 9856 98.48 9659 9857 9845 9629 9836 see e878 87 9890 save 9878 sar 42,063,830.00 591,230 00 246,147 50 152;381.284 50 3,868,754 75, 516874 75 rasa 75 122,086 25 2,293,473.00 4.186,320 00 51,212,718 50 15,354,438 75 10,840,556.25, 15,137,378 60 10,835,622.75 309,537,590.25 100 1.106,699.67 1,106,699 67 9998 9993 9988 08 9975 9951 9045, 9930 9890 ona sere 9671 42,900,694 75 598,586 00 249,695 00 154,385,548 50 3,915,305 25 522,427.50 74.887 60 124,130.00 2,305,214 25 4.211,982.50 51,324,759 50 15,354,535.50 10,848,019 25 15,137,422.00 10,635,604 75 312,655,922.25, +00 4.108,699 67 1,106,699 67 45 a 00 162 os o 00 00 02 o4 54 16 " 902,90475 2,114,37000 49 835600 24,0000 41 358750 1077500 43 200426400 6.340,65000 4.1 4655050 187,000.00 40 555275 212100041 ers7saaizso 42 148375 4.96250 40 1174125 795150034 1364250 13770000 33 112,041.00 1,607,35000 34 9675 48748500 32 746300 390,127.50 3.4 4250 48580260 32 7200 359.885.0034 3,118,332000 12,173,245 00 ~ 3.9 000 0.00 (000 000 00PORTFOLIO APPRAISAL The Picower Foundation Consolidated Appraisal December 31,2007 vst Total Market Pet. Unrealized Annual’ Cur. Date _Quantity Security Cost Cost Price Value Assets ncome Vila CASH AND EQUIVALENTS. US DOLLAR 425 aa on oo 426 426 00 0 TOTAL PORTFOLIOTHE PICOWER FOUNDATION #13-6927043 12-31-07 FORM 990-PF, PART VIII LIST OF OFFICERS, DIRECTORS AND TRUSTEES Title and Time Name_& Address Devoted to Position tel Jeffry M. Picower Trustee NONE NONE NONE c/o The Picower Foundation 25 Hrs/Wk Barbara Picower Trustee/ 25,000. 16,551. c/o The Picower Foundation — Executive Director 50 Hrs/Wk Norman B. Leventhal Trustee NONE NONE NONE c/o The Picower Foundation .75 Hrs/Wk William D. Zabel Trustee NONE NONE NONE c/o The Picower Foundation +75 Hrs/Wk Gerald C. McNamara Trustee NONE NONE NONE c/o The Picower Foundation .75 Hrs/Wk Martin R. Post Trustee NONE NONE NONE c/o The Picower Foundation 75 Hrs/wk GRAND TOTALS 25,000. 16,551. NONE‘THE PICOWER FOUNDATION EIN’ 13-6927043, WANE AND ADDRESS TNOWVIOUAL. "TAX STATUS PURPOSE, “AMOUNT IMF Jerome J Radwin ceo |American Foundaton for AIDS Research-Amtar 120 Wall Street, 13th foor INew York, NY 10005, NA 501(c)3 Kam Fellowship s 25,000| IMr Danny Brom, PhO lAmerican Friends of Herzog Hospital 15. 26th Street, Suite 918 INew York, NY 10010, NA 501(c)3 Living Under Fire (Chuldren and Famnives in Sderot Israel (Coping wath Kids) 100,000} i Ead Marin Phaton ceo BELL Foundation 1 Fordham Plaza, Suite 803 Bronx, NY 10458, NA. 504(c)3 General Operating Suppor 208,333} Mr. Gary Dunning Executive Director Big Apple Circus [505 Eighth Avenue, 19th Floor New York, NY 10018-6505 NA. 501(0)3 Clown Care Unt 15,000 IMr. Douglas Blonsky President |Central Park Conservancy 14 East 60th Street INew York, NY 10022 NA. 501(6)3 General Operating ‘Support 75,000} Mr. David Rivet Executive Director [City Parks Foundation 830 Fifth Avenue INew York, NY 10021 NA 501(0)3 City Parks Concerts, $145,000 tar. Jim Martindale Cystic Fibrosis Foundation Florida Chapter- Palm Beach Office [2200 North Flonda Mango Road, Sute 304 lWest Palm Beach, FL 33409 NA. 01(e}3 General Operating Support 5,000] IMs. Lorraine W Egan Executive Director IDamon Runyon Cancer Research Foundation 1675 Third Avenue, 25th Floor Now York, NY 10017. NA s01(0)3 Clinical Investigator ‘Award 25,000] IMs. Margot Stem Strom Executive Diector Facing History and Ourselves 16 Hurd Road Brookline, MA 02445 NA. 501(0)3, Development of New Curricular Materials 50,000 10 Mr. Jerry Siverman President [Foundation for Jewish Camping 6 East 39% Street, 10th floor INew York, NY 10016, NA 501(0)3 New Camps Initiative 109,278] 10 [TOTAL $ 757,614THE PICOWER FOUNDATION EIN. 13.6927043, NAME AND ADDRESS TNDIVIDUAL. TAX STATUS, PURPOSE, AMOUNT iis Jenny Morgenthau Execute Director Fresh Air Fund [633 Third Avenue, 14th Floor Now York, NY 10017, NA 501(6)3 ‘Summer Programs at ‘Camp Hidden Valley ‘and Camp Mariah 8 50,000} Ir. Michell Kreger IManaging Orrector |George Street Playhouse lo Livingston Avenue New Brunswick, Nu 08901-1903, ‘wa. 501(0)3 School Outreach Programs $1,500 Mr, Jay Fenberg Founder and Executwe Director Git of Lite Bone Marrow Foundation }7700 Congress Avenue, Suite 2201 Boca Raton, FL 33487 NA 501(0)3 Partners for Life Donor Recipient Gala $1,500 Kir. Arve Cohen Execute Director \Jowish Family & Life! 190 Oak Steet, PO Box 9129 Newton, MA 92464 wa. 504(c)3 SocialAction com $33,933 Dr Kerry M Oitzky [Executive Director JJewish Outreach Institute 1270 Broadway, Suite 609 INew York, NY 10001 NA 501(6)8 Professional and Volunteer Training Initatve $185,000 Mr. Philippe de Montebstio Director & CEO The Metropolitan Museum of Art 1000 Fifth Avenue INew York, NY 10028-0198, NA 501(6)3 General Operating Support 8 18,000 Dr. Diane Merer Director, Patiatve Care institute Mount Sinai School of Mediaine Jone Gustave Levy Place {Box 1070, NA 01€)3 Palitve Care institute IMs. Katherine Foster Managing Director of Development INew York City Ballet 120 Lincoln Center Plaza New York, NY 10023" NWA 501(c)3 Education and ‘Outreach Programs $25,000 IMs. Roni Pick Executive Director |The Norman Leventhal Map Center 700 Boyiston Street Boston, MA 02116 NA 501(6)3 ‘General Operating Support $ 5,000 10 Ms. Ronay Menschel IChaiman, Phipps Houses Phipps CDC }902 Broadway, 13th Floor INew York, NY 10010-6033, NA 501(¢)3 Phipps Head Start Program and the ‘Summer Camp Extended Day Program| $39,000 rE [TOTAL $360,333THE PICOWER FOUNDATION EIN 13-6927043, NAME AND ADDRESS INDIVIDUAL TAX STATUS PURPOSE, ‘AMOUNT Is Leche Marcus Managing Director Ptaywnghts Honzons 416 West 42nd Street New York, NY 10036 NA s01(e)3 General Operating Support $10,000 [Or Alison Adler, EdD School Disinct of Palm Beach County 1790 NW Spanish Rwver Bivd [Boca Raton, FL 33431 NA Govt Entty CB Workshops and ‘SpnngBoard Initatve $125,000 [Br Alison Adier, ED | Schoo District of Palm Beach County 11790 NW Spanish River Blvé Boca Raton, FL 33431 NA. Gov't Entity ‘Single School Culture for Academics. 8 158,500] is Aisa Rubin Kurshan JUsA- Federation of New York 130 East S9th Street INow York, NY 10022 NA, 501(e)8 Limmud NY $56,250 is Elwanda Young Senior Vice President JUnited Way of New York City 12 Park Avenue [Now York, NY 10016 NIA 501(0)3 Quality New York and ‘accredidation Study $129,000 Dr. J. Timothy Greenamyre, MO, PhO University of Pitsburgh 13501 Fifth Avenue, Sulte 7039 Pitsburgh, PA 15260 NA 501(¢)3 Parkinson's Disease Research $230,404 1 [FOTAL $705,154,THE PICOWER FOUNDATION EIN, 13-6927043 NAME AND ADDRESS moiviouat | Tax sTaTUs PURPOSE "AMOUNT lamencon New York, IMs Rachel S Moore Executive Director Ballet Theatre [890 Broadway, 3d Floor NY 10003-1278, NWA sores Education Programs $25,000 President JAmerican New York ls. Ruth Messinger Jewsh World Service 145 West 36tn Street NY 10018-7904 WA 501(e)3, Volunteer Summer, mclucing host site development 75,000 President lerookiyn, IMs. Karen Brooks Hopkins [Brooklyn Academy of Music }30 Lafayette Avenue Ny 11217 NA s01(e)3 Education and Humanities Program $10,000 IMs Tana EbEOIe [Chet Executwe Oficer IChtaren's Semces Counc 1919 North Flagler Drve |west Palm Beach, FL 33407 NA Govt Entty Palm Beach County Leadership Institute $25,000 President 30 West New York, IMs. Ariene Shuler ‘&CEO city Center 56th Street NY 10019) NA Sones General Operating Support $5,000 1410 West New York, IMs. Amy Sultan Executive Director Early Stages Program of New York ‘42nd Street, 42 NY 10036, NIA s01(6)3 General Operating Support $20,000 Mr. Jay Sanderson ICEOVExecutive Producer Jewish Television Network 13743 Ventura Boulevard, Sute 200 |shegman Oaks, CA 91423-2003 NA 501(e)3 Extension of the Jewish ‘Amencans Series $50,000 IMs Mary [President Kathleen Foster [Junior Achievement 15601 Corporate Way, Suite 400 |West Palm Beach, FL 33407 NA s01(0)8 Exchange City $850,000 IczO New York, IMs. Abigail Dauber Sterne JLimmud NY 111 Eighth Avenue, 4th Floor NY 10011 NA s0t(e}3 General Operating Support $225,000 10 INew York, IMs. Suzanne R. Biss [Executive Director Lymphoma Research Foundation 111 Broadway, 19th Floor NY 10008 NA 501(6)3 Mantle Cell Consortium $250,000 20 [roTaL '$735,000]‘THE PICOWER FOUNDATION EIN, 13-6927043. WAME AND ADDRESS IWDWIDUAL | _ TAX STATUS PURPOSE "AMOUNT, br Susan Hock President Massachusetts insttute of Technology 177 Massachusetts Avenue ICambnage, MA 02139 WA son(eys Norman 8 Leventhal Graduste| Fellowships $200,009| br. Joanne Donovan President and CEO IMeimark Home [2600 Wayland Road JBerwyn, PA 19312 NA 501(0)3 Multipurpose Center (Gymnasium Renovation) $25,000 IN, Deborsh Meyer Executive Director IMoving Traditions 115 West Avenue, Sute 102 LJekintown, PA 19046 NA sone) Rosh Hodesh Its @ Git Thing! $75,000 Ms Judy N.Neo President [National AterSchool Association 1529 Main Street, Sute 214 IChadestown, MA 02129 NA 501(c)3 National AfterSchoo! Association Strategic Plan $137,000 Ir. Ned Barnes. [President [Palm Beach Gwvic Assocation 1139 North County Road, Suite 33, Palm Beach, FL 33480 NA s01(6)3 Membership Dues $100 is. Janet T. Kelley lExecutive Director [Partnership for After School Education }120 Broadway. Suite 230 INew York, NY 10310, NA s01(e)3 ‘Summer Learning invative $25,000 IMs. Aleen Hefferen |Executive Director lPtep for Prep es 1228 West 71st Streot New York, NY 10023 NA 501183 [General Operating Support anal Various Programs $150,009] IMs. Suzetie Harvey. £0. Executive Director [Prime Time Palm Beach County, Inc [3111 South Dixie highway, Suite 220 West Palm Beach, FL 33405 NA 501(e93 Quality Improvement System $375; Dy. Alison Adler 7 |Chiet of Ssfety and Learning Environment | Schoo! District of Palm Beach County 11790 NW Spanish River Blvd [Boca Raton, FL 33431, NA Govt Entity (©8 Workshops and ‘SpringBoard Initiative $125,000 10 [Dr Alison Ader Chief of Safety and Learnng Environment | Schoo! District of Paim Beach County 1790 NW Spanish Rwver Biv lBoca Raton, FL 33431 NA Govt Entity ‘Single School Culture for ‘Academics $158,500 za [TOTAL $4,270,600)‘THE PICOWER FOUNDATION EIN 13.6927043, WANE AND ADDRESS INDIVIDUAL, TAX STATUS PURPOSE "AMOUNT Ir Morns Dees, Esq Founder + |Southern Poverty Law Center 1400 Washington Avenue Montgomery, AL 36104 NA 50113 Intethgence Project Resoarch ‘and Investigation $900,000 IMr George Polsky JFounder and Executive Director 2. {street Squash 1245 Seventh Avenue, Sute 118 INew York, NY 10001, NA 501(c)3 ‘After School Program $25,000 IMs Wendy Kopp President 3. [Teach For Amenca 315 West 36th Street, 6th floor INew York, NY 10078. NIA 501(c)3, Developing institute Student ‘Achievement Toolkits $150,000 [Mr Paul Cothran Executive Director 4. [Viet Save the Muste Foundation 1516 Broadway New York, NY 10036, s01(e}3 Restonng Instrumental Music Programs in the Schoo! Distnc ‘of Palm Beach County $25,000 Zz [TOTAL $500,000THE PICOWER FOUNDATION EIN 13-6927043 NAME AND ADDRESS. WDWIDUAL [TAX STATUS PURPOSE, AMOUNT Ihr Anthony D. Romero lExecutive Director 1. |Amencan Cui Liberties Union Foundation 125 Broad Steet, 18th Floor INew York, NY 10004 NA. 501(0)3 [Reproductive Freedom Prose $200,000 IMs ary O'Connor lExecutwe Director 2 [Boys & Gils Clubs of Palm Beach County [800 Northpoint Parkway, Suite 204 IWest Paim Beach, FL 33407 Nia, 501(c)3 |stades Area Boys and Girts IClub Project $228,000 IMs. Nancy Northup President 3 [Center for Reproductive Rights 120 Wall Street, 14th Floor INew York, NY 10005 NA 501(6)3 [Domestic Legal Program $600,000 wr. Eadaie Croat |Columbra University Medical Center 4 |Otfice of Grants and Contracts }630 West 168th Stroot, Box 48 Now York, NY 10032, NA. 501(¢)3 Parkinson's Disease Research) $500,000, IMs Joyce M Roche: President and CEO 5 cis incorporated 120 Wall Steet, 3rd Floor INow York, NY 10005, NA 501(6)3 Understanding After-School [Programs Study $214,816 IMr. Eran Gasko Vice President for Development 6 Hier [800 Eighth Street, NW Washington, DC 20001 NA 501(0)3 Next Level Coaching’ for Mitel Executive Directors $50,000] Mr. Michael Posner President 7 [Human Rights First 1333 Seventh Avenue [New York, NY 10001 NA. 501(6)3 IHRF Awards Dinner $5,000] IMr. Edmund C. Case President & Publisher 8 |inlertaitnFamily com IPO Box 9129 Newton, MA 02464 NA 501(c)3 |General Operating Support $25,009] IMs. Simha Rosenberg Executive Director 9 [Jewish Coalition for Service 1475 Riverside Drive, Suite 1367 Now York, NY 10115, NA 501(6)3 |General Operating Support $40,000] lv. Warren B. Scharf [Executive Director 10. |Lennox Hil Neighborhood Houses [331 East 70th Streat [New York, NY 10021 NA 501(6)3 Youth and Family Services JProgram $7,500 30 rota. $1,870,316)‘THE PICOWER FOUNDATION EIN 13-6927043 NAME AND ADDRESS woivipuat_| Tax STATUS PURPOSE ‘AMOUNT Is Nancy Keenan President INARAL Pro-Choice America 1156 15th Street, Sute 700 lwashington, O¢ 20005 Nia, 501(c)3 [strategie Policy and Research] intatves $300,009 IMs Maniyn Hoyt IExecutwe Director New York Hall of Science 147-01 111th Street Flushing Meadows, NY 11368. NA 501(6)3 [science Career Ladder $100,000, IMs. Cecile Richards Executive Director Planned Parenthood Federation of Amen: 434 West 33rd Street INew York, NY 10001 NA 501(¢)3 Mobitzing to Win, Pubic Poly Litgation and Law, third Phase of Florida Sex Education Project $484,000 Ms. Maren Imhof IVice President for Development Rockefeer University 1230 York Avenue Now York, NY 10065, NA. s01(c)3 Parkinson's Disease Research} $688,800 [Accounting Department The Salk Insitute for Biological Studies IP.0 Box 92186-5800 La voll, CA 92037 Na. 501(c)3 Parkinson's Disease Research] $680,000 Dr. Veginia M Lee, PhD MBA University of Pennsylvania [3600 Spruce Street JPhiadelphia, PA 19104 NA 501(¢)3 Parkinson's Disease Research) $400,009] FoTAL $2,652,800)‘THE PICOWER FOUNDATION EIN 13-6927043 NAME AND ADDRESS: INDIVIDUAL | _TAX STATUS PURPOSE AMOUNT [Gretchen Buchenholz JExecutve Director JAssocition to Benefit Children |419 East aoth Street INew York, NY 10028 Na, 501(6)3 |General Operating Support $50,009) Rabb: David Rosenn lExecutwe Director JavooaH 116 East 27th Street, 10th Floor INew York, NY 10016 NA. 501(c)3, |Generat Operating Support $75,000] IMichael F. Jacobson, Ph D Executive Director ICenter for Science in the Public Interest 1875 Connecticut Avenue, Suite 300 washington, D.C 20009-5728 NA. 501(0)3 |General Operating Support $1,009] IM. C Warten Moses lceo |chiidron's Ard Society 105 East 22nd Street New York, NY 10010, NA. 501(6)3 National Expansion of the JAdolescent Pregnancy Prevention Program $160,009) [ly Stephens Execute Director city Harvest 1575 8th Avenue, 4th Floor INow York, NY 10018 NA 01(¢)3 |General Operating Support $150,000) Rev. Dr. Walter J Smith lPresident & CEO HealthCare Chaplaincy }307 East 6oth Street New York, NY 10022-1505, Na, 501(¢)3 [General Operating Support $2,500] IMs. Leslee Asch Executive Director National Dance Institute 1594 Broadway, Room 805 Now York, NY 10012 NA, 501(c)3, National Dance Institute program at PS 105 $50,000] Ms. Whitney Burnett [Executive Director INatonal Fen for Factal Reconstruction 1317 East 34th Street, Room 901 JNow York, NY 10016, NA. 501(6)3, !Newman Psychological Program $2,500 bz Datlon Summerer Principal investigator Northwestern University 1203 €. Chicago Avenue IChicago, iL 60611 NA '509(4X1) Parkinson's Disease Research] $726,671 10 fTom Jenkins. lPresident & CEO Nurse-Famity Partnership 11900 Grant Street, Surte 750 Denver, CO 60203-4307 NA 501()3, Next Generation Data ICotection and Reporting System. $83,339 40) [TOTAL $1,291,004)‘THE PICOWER FOUNDATION EIN: 13.6927043, NAME AND ADDRESS WWDIMDUAL | TAX STATUS PURPOSE, “AMOUNT, [Aileen Hetferren lExecutive Director Prep for Prop. [328 West 71st Street INow York, NY 10023 501(0)3 NA. JAlumni Gwving Campaign $2,500 [ohn M. Ripley Executive Director Preservation Foundation of Palm Beach 1311 Preuvan Avenue IPaim Beach, FL 33480 NA s01()3 |General Operating Support $500] Marcia Arsennaut IVP of Finance lSouth Florida Science Museum }4801 Dreher Trail North lWest Palm Beach, FL 33405, NA 501(6)3 Ja?Sc- Anytime, Anywhere Sc1enc8 Project $240,000] lalison Adler IChiet of Safety and Learning Environment School Disinct of Palm Beach County 1790 NW Spanish Rwver Blvd [Boca Raton, FL. 33431 NA Govt Entity lPicower College Success JProgram $140,169 fAison Adler |Chief of Safety and Learung Environment |Schoo! Distict af Paim Beach County 11790 NW Spanish Rwer Blvd |Boca Raton, FL 33431 NA Govt Entity [single School Culture for JAcademics $264,939 [Alison Adler Chief of Safety and Learng Environment |Schoo! District of Paim Beach County 11790 NW Spanish River Blvd [Boca Raton, FL 33431 NA Govt Entity ISprngBoard Initatwe $355,284] [Margot Harley Producing Artistic Director The Acting Company . }530 Ninh Avenue, Sute 214 INew York, NY 10036. NA, 501(c)3 [Shakespeare for Teachers $25,000] JMorimer J Lacher, MD. President [The Lymphoma Foundation Box 286236 New York, NY 10128 NA 501(6)3 Reseach at Memonat Sloan Kettering Cancer Center $25,000] I. Timothy Greenamyre, MD, PRD Principat Investigator University of Pittsburgh [3501 Fith Avenue, Suite 7039 Pitsburgh, PA, 15260 NA 501(c)3 Parkinson's Disease Resear $750,000) 10 [Douglas Greenberg Executive Director |USC Shoah Foundation 1650 West 35th Street, Suite 114 lLos Angeles, CA 90089.7542 NA 501(0)3 |General Operating Support $5.00 a [TOTALTHE PICOWER FOUNDATION EIN 13-6927043, NAME AND ADDRESS: INDIVIDUAL, TAX STATUS PURPOSE ‘AMOUNT IMichael Gordon Kapitt, MD PhO |Weill Medical College of Cornell Unversity l525 East 68th Street, Box 99 INow York, NY 10021 NIA 501(6)3 Parkinson's Disease Research] $860,000 INr Thomas Conway IVP and CFO. IWNET/Channel Thirteen 1450 West 23rd Street INew York, NY 10001 NA 501(6)3 ICyberchase Season 7 $800,009] az [TOTAL $7,460,000]‘THE PICOWER FOUNDATION EIN 13.6927043, NAME AND ADDRESS imoiviouat | _Tax STATUS PURPOSE, ‘AMOUNT. Barbara, Kann Principal investigator [Beth isract Deaconess Medical Center 1330 Brooktine Avenue, RN-380C Boston, MA 02215. NA somes Diabetes Research $450,000 [Jerry Katzke President [Bonnie Youth Club +221 Church Avenue lBrooklya, NY 11218 NA son(e)s General Operating Support $5,000 [Roxanne Spifett President lBoys and Girls Clubs of Amenica 1275 Peachtree Street NE latiata, GA 30300 NA s01(e)3 Executive Leadership Development intiatve $1,000,000 Myra Biblowit, President [Breast Cancer Research Foundation 60 East Seth Stree, 8h Floor New York, NY 10021 NA sores Generat Operating Support $2,500 [loan Wexler JDean and Professor JBrookiyn Law School }250 Joralemon Street, Room 920 [Brookiyn, NY 11204 NA s01(e)3 General Operating Support $5,000 Me C. Warren Moses ceo Chudren's Aud Society Hos East 22nd Street INew York, NY 10010 NA s01(6)8 Go! kids, Childhood Obesity Prevention Program $225,000 Frana Ebbole lExecutive Director |chicren's Services Counc 12300 High Ridge Road lBoynton Beach, FL 33426 NA Gov't Entity Primary Project $274,186 Elisabeth Siock President & Co-founder [Computers for Youth 1505 Eighth Avenue, Sute 2402 New York, NY 10018 NA s01(6}3 Generat Operating Support $50,000 [Bob Martinez lExecutive Director Connecticut Audobon Society [2325 Bur Streot Fairild, CT 06430 Na. 501(6)3 General Operating Support ‘$1,000 10 r. Bruce M. Spiegelman JOana-Farber Cancer Insitute Jone Jimmy Fund Way [Smith Buileing, Room 958 Boston, MA 02115. NA s01(e)3 Diabetes Research $480,000 [TOTAL $2,492,686‘THE PICOWER FOUNDATION EIN 13:6927003, NAME AND ADDRESS worvipua. | Tax STATUS PURPOSE ‘AMOUNT Bran Cary Principat [De La Salle Academy 1202 West s7t Street INew York, NY 10025, NA sores General Operating Support $50,000 lank Ference lFanfield Fue Fighters Local 1426 IP 0. Box 251 Farrel, CT 06430 NA Govt Enuty General Operating Support 82.500 [christopher Lyday Farfield Police Explorer Post 279 1100 Reet Road Farrfield, CT 08430 Govt Entity WA $2,500 Heron Poder attorney at Law |Family and Chudren's Assoosation 100 East Oid Country Road Iminoola, NY 11501 NA sorte} General Operating Support $6,000 }Sarah L. Englehart Foundation Center 79 Fits Avenue Now York, NY 10003, Na s0t(e)3 General Operating Support $8,000 lana Overs |Executve Director IGay Men's Health Crisis 119 West 24th Steet INew York, NY 10011-1913, Na s01(e)8 General Operating Support $5,000 [Geofrey Canada lPresident & CEO biarlem Chuldren's Zone [35 East 126th Street New York, NY 10035, NA s01(e)3 Migle Schoo! Intave $1,000,000 Maryanne Bohatyntz HOPE. Project 1621 Clearwater Park Road West Palm Beach, FL 33401 NA s01(0)8 General Operating Support $10,000 JJoy Levit [Jewish Communty Center mn Manhattan [334 Amsterdam Avenue INew York, NY 10023, NA s01(e)3 RAR. Shabbat at JCC $10,000 10 atte K Jutagie Director of Development lLincoin Center Theater 150 West 65th Street New York, NY 10023-6975 NA s01(e)3 (Open Stages Program $50,000 Ey [TOTAL $4,143,000‘THE PICOWER FOUNDATION EIN 13-6927043, NAME AND ADDRESS: INDIVIDUAL ‘TAX STATUS PURPOSE ‘AMOUNT Barry Grove Executive Producer Manhattan Theatre Club 311 West 43rd Street New York, NY 10036 NA s0n(e)3 ‘Core Education Program $50,000 Lisa Mentone Director of Development Museum of Mdern Art 1 West 53rd Street New York, NY 10019 WA s01(e)3 General Operating Support 85,000 [Giona Kao Director of Operations |Cornel! Unversity Mecical Center [525 East 68th Street, Box 123, INew York, NY 10021, NA 501(e)3 Partners in Medien $1,000 [chnsuna Or-Cahal Executive Director Norton Gallery and School of Art 11451 South Ove Avenue |West Paim Beach, FL 33401, NA 5014633 ‘Generat Operating Suppor for Educational Programs $350,000 [oho L. Thempson Ichaiman [Palm Beach Fellowshyp of Chnstians and Jews 1PO Box 507 Palm Beach, FL 33480 NA s01(e)3 Generai Operating Support $5,000 [sim Thomas | Dean Pennsylvania State Unversity 116 Old Man University Park, PA 16902 WA s01(c}3 Gerald B. ShivelyiRover ¥. Tan Professorship in Biological Peychuatry $15,000 [Alen Hefterren Executive Director Prep tor Prep 328 West 7ist Steet Now York, NY 10623 ‘sone)s |General Operating Support and} Various Programs '$125,000 Ruth Mado JQueens College Foundation 165-30 Kissena Blvd, Flushing, NY 11367, NA s01(e)3 |. General Operating Support $5,000 Dr. Jefrey Friedman Principal Investigator Rockefeller University +290 York Avenue INow York, NY 10065, NA s01(e)3 $450,000 10 [Todd Haimes Jaristic Director [Roundabout Theatre Company [231 West 39th Street, Sute 1200 INew York, NY 10018 NA 50m(e)3 Producing Partners $350,000 32 [TOTAL ‘$756,000THE PICOWER FOUNDATION EIN, 13-6927043, WAME AND ADDRESS IWDIMIOUAL | TAX STATUS. PURPOSE ‘AMOUNT, [Asan Adior| [chief of Safety and Learning [School District of Palm Beach County 11780 NW Spanish River Bhd [Boca Raton, FL 33431 Na Govt Entity Picower College Success Program $109,000, IAison Adler JChuet of Safety and Learning School District of Palm Beach County [Sate School institute 11730 NW Spanish River Blvd IBoca Raton, FL 33431, NA Govt Entty ‘Single School Culture for ‘Academics $168,750 [Alison Adler |Chiet of Safety and Learning [School District of Paim Beach County [Sate Schoo! Insitute 1790 NW Spanish River Bld Boca Raton, FL 33431 NA Gov't Entity ‘SprngBoard Inivatve $28,500 [Anita Hoimes Executive Director South Flonda Chapter of the Susan G komen Breast Cancer Foundation 14700 Nonh Congress Avenue, Sute 102 West Palm Beach, FL 33407 NA, s01(6)3 General Operating Support $5,000 Kent W. Koolz [Fire Rescue Chet HTown of Palm Beach Fire Rescue P.0, Box 2028 IPaim Beach, FL 33480 NA s01()3 General Operating Support $5,000 Philp Whitacre President [Town of Paim Beach Unted Way 44 Cocoanut Row, Suite M201 [Paim Beach, FL 33480 wa s0r(e}3 ‘General allocation distribution {to member agencies $50,000 [shottey Binder INew York Ragional Director United States Holocaust Memorial Musoum \e0 East 42nd Street, Suite 2208 New York, NY 10165 NA s01(e}3 ‘General Operating Support $10,000 Dr itchel Lazar Principal investgalor university oF Pennsytvania Schoo ot ~~ Medicine 3600 Spruce Strst lPntadeiphis, PA 19104 NA S01C}3 Diabetes Research $450,000 cx] [TOTAL $526,250)‘THE PICOWER FOUNDATION EIN 13.6927043 NAME AND ADDRESS INDIVIDUAL | _ TAX STATUS. PURPOSE “AMOUNT End Shapro Execute Drector JAmencan Frends of Tel Avw Museum of At 36 West 44tn Street Sute 1209, New York, NY 10036, NA so1e)3 Exhibition atthe Tel Avy ‘Museum of Art $5,000 Letiery Fler Prncipal Invesbgator [Bots Israel Deaconess Medical Center 330 Brookine Avenue, E/GZ-6 Boston, WA02215 NA s01(6)3 Diabotes Research $500,000 Karen Reclener lExecutwve Drector |Chidren's Hoath Fund }215 West 125th Street INew York, NY 10027 A s01(e)3, Childhood Asthma intiatwe $518,792 [Karen Rediener Executve Director [Children's Heath Fund J215 West 125th Steet New York, NY 10027 NA 501(0)3, Reading Project 132,000 Karen Rediener [Execute Ovector |Chiren's Heath Fund 1215 West 125th Stoct INew York, NY 10027 NA s01(e)3 Starting Right inate $438,827 Tana Ebbole lexecutve Deector |Chicren's Services Counc 2300 High Ridge Road leoynton Beach, FL 33426 NA Govt Enity Middle School Beacons $233,640 [Tana Ebbole Executive Drector |Chicten's Services Counc 2300 High FedgeRosd — — -— [Boynton Beach, FL 33426 NA Govt Entty NEP Impfementation $250,000 ily Stephens Executive Drector, city Harvest 1575 ath Avenue, ath Floor INow York, NY 10018 NA so1(e)8 ‘Aditional suppor for holiday food delivery $10,000 Maureen K Bynes: fi Executive Director Human Rights Fist 1383 Seventh Avenue INew York, NY 10001 WA s01(e)8, ‘Retugee Protection Program $250,000 10 Liucth Michell ceo Kravis Center forthe Performing Ars 701 Okeechobee Boulevard West Palm Beach, FL 33404 NA s01(0)3, S*TA'R Senes. $100,000 lrorat. $2,496,259]THE PICOWER FOUNDATION EIN 13.6927043, NAME AND ADDRESS INDIVIDUAL ‘TAX STATUS. PURPOSE, AMOUNT JRober Hughes: President New Visions for Puble Schools [320 West 12th Street, 6th Floor New York, NY 10014, NA Sones New Visions Math Project | $660,000 FTom Jenkins President & CEO Nurse-Famiy Partnership 1900 Grant Street, Sute 750 Denver, co 80203 A s01(e)3 Nurse-Famiy Partnership Program Growth & Financial Self Sustainability $1,000,000, tian Tamayo lExecutve Drector Planned Parershood of GMPBTC }2800 Norn Fonda Mango Road West Paim Beach, FL 33409 NA 50m(e)3 Teen Time Education $75,000 [Suzete Harvey lExecutve Director Prime Time Paim Beach County, Inc 12300 High Fudge Road Suite 330 lWest Palm Beach, FL 33426 NA s01(e}3 {Champs Program $230,000 Ruth Lande Shuman President IPubicolor 149 Madson Ave , Sute 1201 INew York, NY 10016 NA Sones COLOR Club and Next Steps pots $50,000 lEthw Kover Ice Sethelp Community Services 520 Ejghth Avenue, Sth Floor New York, NY 10018; NA s01(e)3 Home Care Services for Elderly Nazi Victims Lat Moris Dees [Executive Director - [Southern Poverty Law Center 1520 Eighth Avenue, Sth Floor Montgomery, AL 36104 wa s01(0)3 Inteligence Project Research ‘and Investigation oe [Ewancs Young Senior Vice President [United Way of New York City l2 Park Avenue NewYork NY 1001g—_—————~ NA s01(6)3 ‘Quality New York $100,000, fOTAL. $760,060) GRAND TOTAL $23,424,401.00THE PICOWER FOUNDATION #13-6927043 12-31-07 FORM 990-PF, PART TT, LINE 14 - LAND, BUILDING AND BOUIPMEN’ Furniture & Fixtures 1,695,220.47 Office & Computer Equipment 217,111.38 Computer Software 20,445.06 Leasehold Improvements 5,012, 089.00 6, 944,865.91 Accumulated Depreciation (4,014,737.87 2,930,128.04 FORM PF, PART I, LINE Furniture & Fixtures 242,174.35 Office & Computer Equipment 10,707.98 Computer Software 1,106.68 Leasehold Improvements 354,665.89 608,654.905 csi cis 308 sess opto aswogunnapaes wee mime ae : surest ruven ere 5 cies ime ins : am oe : suo “ sve § wai ae a an ne tie — fan Bo ecu aye seein seein ceusemt lotet roars wraceens sone svomeand mek, pevainpung stron worsen -sues wees use tewo al oat att ja ———vaor too Wet wrest wore sites scree armies watere cetaveeareseie | aravesreewuss se wopmpatdsg ok esos exsonnse seus orurio crecct cease arose Grom erewe | eemmte | reece cere « (Goowsse) —Gaceste) oooste) Goons) Gooawe) (Goone te) Genenrte) Gonnaee) 6 we wo ee eet tem wer mee a eed eo a> 8 | ee me | me pais enna emul swear(coats) (eoonron