'

Return of Private Foundation

Form990~PF

or Section

I I

OMS No 1545-0052
4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Department
at the Treasur,
Note: The foundation ma be able to use a co of this return to sat,s state re ortm re uirements.
InternalReven\J'IJService
.
, 2007 , an d en d"mg
For calendar year 2 00 7, or tax vear beJamnma
Initial return
I I Amended return I I Address change
Final return
G Check all that aoolv:
I I Name change
Name of foundation
A EmployerIdentification number

~@07

Use the IRS

label.
FOUNDATION
INCORPORATED
SARAH SCAIFE
8'therwlse,
Number and street (or P.O. box number if mail 1snot dehveredto street address)
~ print
301 GRANT STREET
..- or type.
SUITE
ONE
OXFORD CENTRE
3900
c::jee Specific
City or town, state. and ZIP code
J,structlons.

Room/suite

PA

PITTSBURGH-

.( 412 l 392-2900
If exemption
application
,s
pending,
chedc he,e
D 1. Foreign
organizations, check he,e
2. Foreign
orgmilzallons
meeting
the
85% test.check he,eandattach
computallon

15219

lxJ

........

'~heck type of organization:

Section 501(cM
exempt private foundation
11
Section 4947laH1) nonexemot charitable trust
Other taxable orivate foundation
J Accounting method:Llg Cash []
Accrual
-air market value of all assets at end

it

~
year (from Part II, col (c), /me
dJti16)IIJ,.$
312.596.952.

3
4

8 111.

Dividends and interest from securities

5a Gross rents .
b Net rental incomeor (loss)
6 a Net gain or (loss) from saleof assetsnoton hne10
b Gross salespncefor all
56,763,135.
assetson line6a

GI

:::,
GI

>
GI

0::

:[]
.....
o
D

F If Ihafoundation
la In a SO-month tenn,nallon
underaect,on
507(b)(1)(B).
check he,e IIJ,.

(b) Net investment

income

(c) AdJusted net

income

(d) Disbursements
for charitable
purposes
leash basis onM

Contrlbutlon~s. grants,etc, receMld (attach

schedule)
C
IIJ,. X rf the foundationrs not requiredto
heck
attachSch B
Interest on savrngsandtemporaiycashinvestments

1
2

ntn.,dmra)

undersect,on
507(b)(1){AJ.
check h8R1
IIJ,.

Other (specify)-----------------(a) Revenue and

expenses per
books

a.

E If privatefoundation
statuswas tamunated

(Pait/, column (d) must be on cash basis)

Analysis of Revenue and Expenses (The

total of amounts ,n columns (b). (c), and (d)
may not necessanly equal the amounts in
column (s) (see page 11 of the instruct,ons).)

page 10 of

::::,
<(

25-1113452
BTelephone nun'ber feo

Capital gain net income (from Part IV, hne 2)

Net short-term capital gain

440.

8.111.440.

STMT

STMT

19.773.773.

STMT 211

19.773-773.

....

9 Income mod1f1cat1ons
1 O a Grosssaleslessreturns
j
and allowances
b Less Costof goodssold
c Gross profit or (loss) (attach schedule)

11

~ n.r-

13
Ill
GI
Ill

GI
Q.

Pi~txarm!YE
111'1 L
I e (a~a

~ . 1>
GI

..
Ill

u;

t""{,
t:.~-

prs,trustees,etc

14 - Other employee salane:

;>
ca 17

18

1-916
29. 801.

Other income (attach schedule)

.throuah 1 . .

wages
~nefits

1ecui ...

.
~T~'.1'.

~G~~r sch~ule~T~:r.
s

~
1.

(atta h sctS!Bllil) . 5 .

19

Depreciation (attach schedule) and depletion.

22

Occupancy
Travel, conferences, and meetings . .
Printing and publications ..........

23

Other expenses (attach schedule) STJ'1l'.

24

25
26
27

1.916.212.
29.801

585-053.
343.886.

94-635.
20.590.

268-435.

28-159.

NONE
NONE

490

NONE

323.296.

NONE

240.276.

418.

NONE

4 913.

28-939.
280-218.

NONE
NONE

28 939.
256.000.

5-401.

NONE

46.090.

NONE

913.

57-878.
536.218.

NONE

425

..................

Interest.
(seepage14 of thelnstruc11ons't'
Taxes(attachschedu.le)

20
21

..

212.
425.

359.

491.

NONE

32-845.
221.

007.

23-184.
NONE

53-480.
122.463.

6 720.

NONE
NONE

197.823.

NONE

53.480.

NONE

115.743.

Total operating and administrative expenses.

..........

Add lines 13 through 23

Contributions, gifts, grants paid STMl'. E3
Totalemenaes
anddisbursements.
Add Imes 24 and 25
Subtract line 26 from hne 12

669.
2-585
18.228.500.

487

20.814.169.

487.846.

over expenses
anddlabursementa
.
a Exceu of revenue
8 987.256.
b Net Investment Income (1f negative, enter -0-)
29.313-579.
c Adlusted net Income {if neaative, enter -0-)
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the Instructions. **STMT
JSA

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846.

NONE
NONE

NONE
6

1 756.978.
17.113.000.
18.869.978.

'

25

Form 990-PF {2007)

1:1:Tilll
Balance
1
2
3

Sheets

Attached schedules and amounts in the

descnpt1on column should be for end-of-year
amounts only (See rnstruct/ons )

....

Cash - non-interest-bearing. . .
Savings and temporary cash investments . .
Accounts receivable .... ___________________
NONE
NONE
Less allowance for doubtful accounts..,.._________

....

Beginning of year
(a) BookValue
33 880.
7.393-269.

Pace2

End of year
(b) Book Value

(c) Fair MarketValue

32.748.
8.759.048.

NONl

....------------------------

Pledges receivable
Less: allowance for doubtful accounts..,..
5 Grants receivable
Receivables due from officers, directors.trustees.and other
6
disqualified persons(attach schedule) (see page 16 al the rnstructJons)
7 Other notes and loans receivable(attachschedule) .... _____
Less: allowance for doubtful accounts..,..
lnventones for sale or use
8
II)
,oJ
CD
Prepaid
expenses and deferredcharges ..
~T~'l: .9
9
II)
~ 1 0 a Investments - U S and state government obligations (attach schedule)* '!'
b Investments - corporate stock (attachschedule) ;:i'J'~'l:.l;t.
c Investments - corporate bonds(attachschedule). ~'J'~'l:.1;!.
Investments - land, buildings,
11

- 11 13452

32.748
8.759
048.

NONE

NONE

------------......................
------------..................

....
------------------

and equipment basis

Less accumulated depreciation ....
(attach schedule)
----------

14

Land, bu~dings. and

....________
STMT 19-----.L-825 051.
equipment ba&IS
__
Less accumulated depreaat1on ....
8 2 0 619
(attach schedule)
- - - - - - - - - - - - - - - L- - - .e.
)

:g

23

5.542.904.

6.045.144.

6.840.
51.544.930.
236.103.598.
3.924
240.

- --------

Investments - mortgageloans
Investments - other (attachschedule)

17
18
:l 19
~ 20
21
::J 22

6-840.
50.470.075.
141-184-334.
3.962.966.

................

12
13

15
16

6-735.
50 470.075.
131.839.106.
5.040.129.

~1~'1:.1;3.

36.733.

....
_____________________

Other assets (describe

Total aS&ets(to be completed by all filers - see the
instructions. Also, see page 1, item I)

200

Accounts payable and accruedexpenses .

Grants payable
Deferred revenue

..............
.............

362- 831.

12.221

4-432.

210

4.432.

465-587.

3.326-500.

4 442-000.

3.326.500.

4.442.000.

116.

312.596.952.

Loans from officers, directors, trustees, and other d1squaldiedpersons

Mortgages and other notes payable (attachschedule) .

Other habiht1es(describe ..,.._________
---------)
Total llabllitles (add lines 17 through 22)

....
w

Foundations that follow SFAS 117, check here

and complete lines 24 through 26 and lines 30 and 31.
II)

B 24

25
; 26
C'II

"Cl

:::1

u..

0 27
J!l
28
GI

:l

29
30

c(

GI

31

Unrestricted . .
Temporarily restricted

..
....................

197

Permanently restricted . .
Foundations that do not follow SFAS 117,
check here and complete lines 27 through 31.
Capital stock, trust principal, or current funds .
Paid-m or capital surplus, or land, bldg , and equipment fund

036. 331.

206-023-587.

....

....
o

...
...

Retained eammgs, accumulated income, endowment, or other funds

Total net assets or fund balances (see page 17 of the

instructions) .
Total llabllltles and net assets/fund balances (see page 17
of the instructions) . . .

Analysis
...~11

197.036

331.

206.023.587.

200.362

831.

210-465.587

of Chanaes in Net Assets or Fund Balances

1 Total net assets or fund balances at beginning of year - Part II, column (a), hne 30 (must agree with
end-of-year figure reported on prior year's return) .
. .
. .
2 Enter amount from Part I, line 27a . . . . . . . . .
.. . .
...
.
3 Other increases not included 1nline 2 (Itemize) ..,..
4 Add hnes 1, 2, and 3
'
5 Decreases not included rnhne 2 (Itemize)..,..
6 Total net assets or fund balances at end of year (line 4 minus lrne 5) - Part II, column (b), line 30 .....
JSA
**STMT
10

. . . ...
. . .. . .. ..
. . .
. .. ... . .
...
------------------------------------..............................
...............
----------------------------------------

1
2
3
4
5
6

197.036.331
8.987.256
206

023.587.

206,023.587.
Form

990-PF

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(2007)

'

......
- .

?5-111345?

Form 990-PF (2007)

:....

Caoital Gains and Losses for Tax on Investment

\U)HOW

(a) List and describe the kind(s) of propertysold (e.g . real estate,

acqull8d
P-1'\nhase
0-Danat,on

2-story brick warehouse: or commonstock, 200 shs. MLC Co)

1a

Page3

Income
(c) Dale
acquired
(mo.. <lay,yr.)

/id)
Date sold
mo., day, yr.)

STMT ?4

c
d

e
(f) Depreciation allowed

(e) Gross sales price

or other basis
plus expenseof sale

(g) Cost

(or allowable)

(h) Gain or {Joss)

(e) plus (f) minus (g)

a
b

c
d

e
Complete

only for assets showino oain in column (h) and owned by the foundation on 12/31/69
(k) Excessof col. (i)
(I) Adjusted basis
(i) F.M.V. as of 12/31/69
over col (j). if any
as of 12/31/69

(I) Ga,ns(Col. (h) gain minus

col (k). but not less than -0-) or
Losses(from col. (h))

a
b

c
d

e
If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 ........................

2 Capital gain net income or (net capital loss)

.....

..

1:r.,.--

}
}

19,773,773.

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? .
If "Yes," the foundation does not qualify under section 4940(e) Do not complete this part.
.
ions be tore ma k'ing any entries
1 Enter the appropriate amount in each column f or each year, see page 18 o f t he instruc
(a)
Base penod years
Calendar year (or tax year beg1nn01g
1n)

(b)
Ad1usted quallfying d1stnbullons

2006
2005
2004
2003
2002

2
3

288.509,138.
286.448.540.
282,467.139.
268 736.081.
290. 472. 551.

.....................................

Total of line 1, column (d)

Average d1stribut1on ratio for the 5-year base period - divide the total on hne 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years

.........

[iJ

No

(d)
01stnbut1on ra\Jo
(col (b) dMded by col (c))

(c)
Net value of nonchantable-use assets

17 204.970.
17,313,089.
15 662.022.
15 766 052.
16.962
136.

Yes

0.059634
0.060440
0.055447
0.058667
0.058395

0.292583

0.058517

Enter the net value of nonchantable-use

..........

308.584.077

... .. . ........... ........ . ... . .. ......

Enter 1% of net investment income (1% of Part I, hne 27b) . . . . . . . . . . . . . . . . . . .
Add lines 5 and 6 . . . . . . . . . . . . . . . . .
... ... . .
..
..
Enter qualifying distributions from Part XII, hne 4 .
..... . ...
..
..

18,057.414

6
7
8

assets for 2007 from Part X, line 5

Multiply line 4 by line 3

293,136

18,350,550.

18,869,978

II hne 8 1s equal to or greater than lme 7, check the box 1n Part VI, hne 1b, and complete that part using a 1% tax rate See the Part VI mstruct1ons on page 18

~i~430 2 ooo

77270J

Form 990-PF (2007)

827G

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t Form sio-PF(2007l

25-1113452

Page4

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948 seepage

18 of the instructions)

LJ

1 a Exempt operatl~g foundationsdescribed in section 4940(d)(2). check here ~

and enter "NIA" on hne 1.
}
Date ,of ruhng letter _________
(attach copy of rullng letter If necessary see Instructions) .
b Domestic foundations that meet the section 4940(e) requirements m Part V, check

~ Ii]

2 9 3. 13 6.

here
and enter 1% of Part I, line 27b
c All other domeslle foundabonsenter 2% of hne 27b Exemptforeign orgamzabonsenter 4% of Part I, hne 12, col (bl
2

Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)

3
4

Add Imes 1 and 2

Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter 0-)

Tax baaed on lnvesbnent Income. Subtract line 4 from lme 3 If zero or less, enter -O-

Cred1ts/Payments:
a 2007 estimated tax payments and 2006 overpayment credited to 2007.

6a

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

. .

311

Total credits and payments. Add Imes 6a through 6d . . . .

Enter any penaltY for underpayment of estimated tax. Check here

Tax due. If the total of Imes 5 and 8 is more than hne 7, enter amount owed

1o
11

293

136.

NONE
293.136.

198.

NONE
NONE

1-'2=---t----------

J---'7'--lt-------=3:..:1:..:1::..<....:1:..:9,._,8...,.

1f Form 2220 is attached

. ..

~i--9=---+----------

Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid ~ 1-'1..,.0'-t-------=1~8'--'.'-'0,._6,...._,2
18. 062. Refunded ~ 11
Enter the amount of line 10 to be: Credited to 2008 estimated tax~

1::F.R-"'Statements

Regarding Activities

1 a During the tax year, did the foundation attempt to influence any national. state, or local legislation or did it

Yea

No

participate or intervene in any political campaign? . . . . . . 1--1'-"a'-+---+---=X,_

b Did 11spend more than $100 during the year (either directly or indirectly) for poht1cal purposes (see page 19
l--'1""b'-+---+---=X,_

of the instructions for definition)? ......

If the answer is "Yes to 1a or 1b, attach a detailed descnption of the act,vdies and copies of any matenals
published or distributed by the foundation m connection with the activities

c Did the foundation file Form 1120-POL for this year? , , , . . , , . . , , , ,

1c

d Enter the amount (1f any) of tax on political expenditures (section 4955) imposed during the year
(1) On the foundatK>n~ $
(2) On foundationmanagers ~ $ __________

e Enter the reimbursement (1f any) paid by the organization during the year for political expenditure tax imposed on
foundation managers. ~ $ ___________
_
2

Has the foundation engaged m any activities that have not previously been reported to the IRS? . . , , , . ,
If "Yes, attach

......

Has the foundation made any changes, not previously reported to the IRS, m ,ts governing instrument, artides of

incorporation, or bylaw~. or other s1m1larinstruments? If "Yes, attach a conformed copy of the changes
4:a Did the foundation have unrelated business gross income of $1,000 or more dunng the year?
b If "Yes." has it filed a tax return on Form 990-T for this year? , .

a detailed description of the activities.

3

x
x

4a
4b

, ...

Was there a hqu1dation, termination. dissolution, or substantial contraction dunng the year? .

x
x

If "Yes, attach the statement required by General Instruction T

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
By language m the governing instrument. or
By state leg1slat1on that effectively amends the governing instrument

so that no mandatory directions that

conflict with the state law remain in the governing instrument? . . . . . . . .

Did the foundation have at least $5,000 m assets at any time dunng the year? If "Yes, complete Part II, col. (c), and Part XV.

8 a Enter the states to which

the foundation

reports or with

which

it 1s registered (see

Is the foundation

claiming

status

x
x

Sb

page 19 of the

instructions) ~ PA.L---------------------------------------------------------------b If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
(or designate) of each state as required by General Instruction G? If "No, attach explanation

6
7

General

, , .

as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(1)(5) for calendar year 2007

or the taxable year beginning

m 2007

(see

instructions

for Part XIV)? If

"Yes. complete Part XIV. . , , . . , , . . , , , , , , , 1----'9=---+----+----"X-'1O

Did any persons become substantial contributors during the tax yeaI1 If "Yes." attach a schedule listing their
names and addresses , , . . . . , . . . . . . . . . . . . . . , . . , . . , . ,

1o

Form990-PF (2007)

JSA

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11 a Al any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
11a

12 Did the foundation acquire a direct or indirect interest in any applicableinsurance contract? . .

11b
12

13 Did the foundation comply with the public inspection requirements for its annual returns and exempllon application?

13

meaning of iect1on 512(b)(13)? If "Yes, attach schedule. (see page 20 of the instructions)
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 1nthe attachment for hne 11a? .....

Website address ..,. _____ NLA-------------------------------------------------------------------14 The books are in care of .... _SARAH _SCAIFE _FOUNDATION _INC.------

Telephone no..... -----

412-392-290Q

x
X
_____

Located at .... 301 GRANT STREETJ_ SUITE

3900J_ PITTSBURGHL_PA
-------ZIP+4 .... l5219
-------15 Section 4947(a)(1) nonexempt charitable trusts filing Form 990-F in lieu of Form 1041-Check here .
N/A
and enter the amount of tax-exempt interest received or accrued during the year . . . ..,. 1 s

CT

..,.

I I

1111111:Statements

Regarding Activities for Which Form 4720 Mav Be Reauired

File Form 4720 if any item is checked

in the "Yes" column,

Yes

unless an exception applies.

1a During the year did the foundation (either directly or indirectly):

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept 11from) a

disqualified person? . . . . . .
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? .

.~.T.M.T
. .1.4.- X
to a disqualified person (or make any of either availablefor
16

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
(5) Transfer any income or assets

[iJ

0Yes

(1) Engage in the sale or exchange, or leasing of property with a disqualified person?

No

Yes

No

Yes

No

Yes

No

Yes

[i]No

Yes
termination of government service, if terminating within 90 days.). . .
b If any answer 1s"Yes" to 1a(1)-(6), did any of the acts fall to qualify under the exceptions described in Regulallons

[i]No

the benefit or use of a disqualified person)?. . .

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

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

.... D

1b

1c

c Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts, that
were not corrected before the first day of the tax year beginning in 2007? . . . .
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(1)(3) or 4942(j)(5)).

a At the end of tax year 2007, did the foundation have any undistributed income (lines 6d and

6e, Part XIII) for tax year(s) beginning before 2007?. . .

, _________
, ________
, _______
_
If "Yes," hst the years ..,. __________

Yes

[iJ

No

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 und1slnbutedincome? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement - see page 22 of the instructions.) . . .
c If the proV1sionsof section 4942(a)(2) are being apphed to any of the years hsted in 2a, hst the years here.

...__________
'---------

'--------

_______
_

3a Did the foundation hold more than a 2% direct or indirect interest 1nany business

-t-=-2
=-b-+__,N,.._Lf'-'
JIA,___

enterprise at any time dunng the year? . .

Yes
b If "Yes," did it have excess business holdings in 2007 as a result of (1) any purchase by the foundation or

[iJ

No

d1squahf1edpersons 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 2007.) . . . . . . . 1-'3_b--t-""N-'-F-IA""-1--'-4=---+---<~X"-4a Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? . .
b Did the foundation make any investment in a prior year (but after December 31, 1969) that could Jeopardizeits charitable
4b
purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2007? .

Form 990-PF (2007)

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10

25-1113452
Statements Regarding Activities for Which Form 4720 May Be Required (continued)

Form 990-PF (2007)

11
:

Sa During the year did the foundation pay or rncur any amount to
(1) Carry on propaganda, or otherwise attempt to rnfluence legislation (section 4945(e))?

Page6

0Yes

[i]

No

0Yes

[i)

No

0Yes

LJUNo

0Yes

[i]

(2) Influence the outcome of any specific public election (see section 4955); or to carry on,

directly or indirectly, any voter registration drive? ..

an individual for travel, study, or other srmilar purposes?

(3) Provide a grant to

(4) Provide a grant to an organization other than a charitable, etc., organization described in

section 509(a)(1), (2). or (3), or sectron 4940(d)(2)? (see page 22 of the instructions)

No

(5) Provide for any purpose other than religious, chantable, scientific, hterary, or

educational purposes, or for the prevention of cruelty to children or animals?

Yes

Ci] 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 page 22 of the 1nstruct1ons)?

Ni;n

Sb

Organizations relying on a current notice regarding disaster assistance check here . . .... 0

c If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the tax
because 1! maintained expenditure responsibility for the grant? .

~/1). D

Yes

0No

Yes

'x1No

If "Yes, attach the statement required by Regulations section 53.4945-S(d)

6a

Did the foundation. during the year, receive any funds, directly or indirectly, to pay premiums

on a persona I bene fjrt con tract ? . . . . .

b Did the foundation, during the year, pay premiums, directly or rnd1rectly.on a personal benefit contract?

If you answered "Yes to 6b, also file Form 8870.

7 a At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? 0

Yes

[i]

6b

7b

No

b If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? . . .

!!r.~-~um
Information

About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,

and Contractors

List all officers, directors,

trustees, foundation managers and their compensation

(bl Title, and average

(a) Name and address

hours per week

devoted to oosrtion

------------------------------------SEE STATEMENT 14 - 1 f;
-------------------------------------

(see page 23 of the instructions).

b'V
Compensallon
not paid, enter
-0-1

585.053.

(d) Conlnbu~onsto
employeebenefitplens
end deferredrnmnenset,on

(el Expense account,

other allowances

82.900.

NONE

------------------------------------------------------------------------2

Compensation of five highest-paid

enter "NONE."

employees (other than those included on hne 1 - see page 23 of the instructions). If none,

(a) Name and address of each employee paid more than $50,000

(b) Title, and average

hours per week
devoted to position

------------------------------------SEE STATEMENT 17

(c) Compensabon

224.133.

(di Contnbubons to
employee benelit
plans and deferred
comoensabon

(e) Expense account,

other allowances

50.237.

NONE

------------------------------------------------------------------------------------------------------------------------------------------------Total number of other employees paid over $50,000

Form

..... ]NONE
990-PF (2007)

JSA

7E1460 2 000

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V07-6.4

11

25-1113452
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (contmued)

Form 990-PF(2007)

1:ffild

Page7

3 Five hiahest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE."
(a) Name and address of each person paid more than $50,000

(b) Type of seMce

(c) CompensatJon

SEE STATEMENT 18

525.627

Total number of others rece1vinaover $50,000 for orofess1onalservices

ifiif!l-1Summary

..... 1

NONE

of Direct Charitable Activities

List the foundation's four largest direct charitable act1vrtiesdunng the tax year Include relevant stallsbcal mformallon such as the number
of organ1zat1ons and other benefie1anesserved, conferences convened, research papers produced, etc

1_NOT_APPLICABLE ___________________________________________________________

E>lpenses

2--------------~-----------------------------------------------------------3 __________________________________________________________________________

11
::r.1.11111u
11: Summary of Program-Related

Investments (see page 24 of the instructions)

Describe the two largest program-related investments made by the foundation dunng the tax year on Imes 1 and 2

1_NO!_~PPLICABtE

___________________________________________________________

Amount

All other program-related investments See page 24 of the mstruellons

3_NONE---------------------------------------------------------------------Total. Add lines 1 through 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .,..

Form 990-PF (2007)

JSA

7E1465 2 000

77270J

827G -07/01/2008

08:40:46

V07-6.4

12

25-11134

Form 990-PF (2007)

htfii!I
a
b
c
d
e

2
3

'
5

52

Page8

Minimum Investment Return (All domestic foundations must complete this part Foreign foundations,
see page 24 of the instructions.)

Fair market value of assets not used (or held for use) directly 1ncarrymgout charitable, etc.,
purposes.
Average monthly fair market value of securities. . ............
Average of monthly cash balances ................
Fair market value of all other assets (see page 25 of the instructions)
Total (add Imes 1a, b, and c) ..............
Reduction claimed for blockage or other factors reported on Imes 1a and

1a
1b
1c
1d

313

254 720.
28 607.

313

283

327.

2
3

313

283

327.

4 699
308 584
15 429

250.
077.
204.

.__1_e~----------1

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets
Subtract line 2 from line 1d
Cash deemed held for charitable activities: Ente'r 11/2o/o line

...............

'oi 3(for gre ater amount,'see page 25.

0

NONE

t---if--------_..:.==..

4
of the instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..
Net value of noncharitable-use assets. Subtract line 4 from line 3 Enter here and on Part V, lme 4
5
Minimum investment return. Enter 5% of hne 5 . . . . . . . . . . . . . . . . . . 6
Distributable Amount (see page 25 of the instructions) (Section 4942(])(3) and (j)(5) private operating
foundations and certain foreign organizations check here ....
and do not complete this part.)

Minimum investment return from Part X, line 6 . . . . . . .

. . . . . . . . . . . t-----11-----~
1
la Tax on investment income for 2007 from Part VI, line 5 . . . . . . . 2a
293 136.
b Income tax for 2007. (This does not include the tax from Part VI ) . . ~2_b~-----------i
3
I

NONE

15 ........
429
204.
==..&...:'-=--'a...a..-

293 136.
c Add lines 2a and 2b . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . t--2-'-c-+------==i...:..:::=-='-15 136 068.
Distributable amount before adJustments Subtract line 2c from line 1 .............
i---3--11-----~~=-"'.&.....aa-=-=~
Recoveries of amounts treated as qualifying d1stnbut1ons. . . . . . . . . . ...
1--4-1----------Add lines 3 and 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . t----11-----~~=-"'.&.....aa...=.:~
5
15 136 068.
6
Deduction from distributable amount (see page 25 of the instructions) .......
.......
1----11----------Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
15 136 068.
line 1 , ......
, ...
, , , , , , , , , , , 7

j:fli3iiQualifying
I
a
b
!
I

a
b
J

;
j

Distributions (see page 26 of the instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

1a
Expenses, contributions, gifts, etc. - total from Part I, column (d), line 26 . . . . . ..
18,869.978.
..
1b
Program-related investments - total from Part IX-B . . . . . .
NONE
... ... .. .
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes
NONE
.. 2
Amounts set aside for spec1f1ccharitable projects that satisfy the:
3a
Suitability test (prior IRS approval required) ................................
NONE
3b
Cash distribution test (attach the required schedule)
NONE
4
Quallfylng distributions. Add Imes 1a through 3b. Enter here andon PartV, line 8, and PartXIII, line 4 . . . .
18.869.978

Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment income.
5
Enter 1% of Part I, line 27b (see page 26 of the instructions) ...
293 136
..
. .
..
6
Adjusted qualifying distributions. Subtract line 5 from line 4 .
18,576.842

.
..
..
Note: The amount on line 6 will be used ,n Part V, column (b), m subsequent years when calculating whether the foundation
qualifies for the section 4940(e) reduction of tax in those years

.
..
................................................

..

..

...........................
...

..
..

..

..

..
.

..
...

Fonn

990-PF

JSA

7E1470 2 000

77270J

827G

07/01/2008

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V07-6.4

13

(2007)

25-1113452

Form 990-PF (2007)

Page9

1:..-.,.- .,,. Undi'stributed Income (see page 26 of the instructions}

Distributable amount for 2007 from Part XI,

(a)

(b)

Corpus

Years prior to 2006

.....................
Enter amount for 2006 only ..........

(d)
2007

15.136,068.

line7

(c)
2006

Und1stnbuted income, If any, as of the end of 2006

NONE

b Total for pnor years

E>a::essdistributions carryover, If any, to 2007:

2.616.074.
2 505-328.
L 779. 880.
3. 281. 252.
3 187.117.

a From 2002
b From 2003

c From 2004

d From 2005

e From 2006
f
4

.........

Total of lines 3a through e .

Qualifying distrrbulions for 2007 from Part XII,
line4
$
18,869,978.

13.369.651.

....

a Applied to 2006, but not more than line 2a . .

b Apphed to und1stnbuted income of pnor years (Election
required - see page 27 of the instructions)

......

c Treated as distributions out of corpus (Election

requrred - see page 27 of the instructions)

..
.....
Remaining amount distrrbuted out of corpus ..

15.136

d Applied to 2007 distributable amount

068.

3-733.910.

Excess distributions carryover applied to 2007

(If an amount appears in column (d), the same
amount must be shown in column (a))
Enter the net total of each column as
indicated below:

6
6

a Corpus. Add Imes 3f, 4c, and 4e. Subtract line 5

b Prior years'

17.103.561.

undistributed income. Subtract

line 4b from line 2b
c Enter the amount of prior years' undistrrbuted
income for which a notice of def1crencyhas been
issued, or on which the section 4942(a) tax has
been previously assessed . . "

..............

NONE

d Subtract line 6c from line 6b. Taxable

amount - see page 27 of the instructions
e Und1strrbuted income for 2006 Subtract line
4a from line 2a Taxable amount - see page
27 of the instructions

NONE

.............

Undistrrbuted income for 2007. Subtract lines

4d and 5 from line 1. This amount must be
d1strrbuted in 2008
Amounts treated as distributrons out of corpus
7
to satisfy requirements imposed by section
170(b)(1)(F) or 4942(g)(3) (see page 27 of the
instructions) . . . . .
E>ccessdistrrbullons carryover from 2002 not
8
applied on line 5 or line 7 (see page 27 of the
instructions) . . .
9
Excess distributions
carryover to 2008.
Subtract lines 7 and 8 from line 6a
Analysis of hne 9.
0
a Excess from 2003
2.505.328.
b Excess from 2004
1-779.880.
c Excess from 2005
3.281.252.
d Excess from 2006
3.187
117.
e Excess from 2007
3.733
910.
f

...............

.......

2 616

074.

14.487.487.

Form

990-PF

JSA

7E1480 2 000

77270J

827G

07/01/2008

08:40:46

V07-6.4

14

(2007)

25-1113452

Form 990-PF {2007)

1a

If

the

foundati?n

foundatlon,

2a

Page

Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)

~:nu1

Check

has

received

a ruling

and the ruhng 1s effective

box to indicate

whether

Enter the lesser of the adjusted net income from Part

I or the minimum investment
return from Part X for each
year listed

or

for 2007.

the foundation

determination

letter

that

enter the date of the ruhng

is a private

operating

1.t IS.

foundation

.p~1v~t~ .o~e.ra.tin~

described

1n section

I I

4942())(3)

or

Prior 3years

Tax year
(a) 2001

(b) 2006

10

NOT APPLICABL E

(c) 2005

I I

4942(i)(5)

(e) Total
(d) 2004

.......

.....

85% of hne 2a

Quallfylng d1Stnbubons
from Part
XII. hne 4 lor each year hsted

Amounts lnduded 1nline 2c not

used directly for actM! condud
of exempt ectlvlbes

Quallfylng dostrtbubons mede

directly for active condud of
exempt ect1111bes
Subtract line
2d from line 2c
Complete 3a. b. or c for the
ellemetM! lest rehedupon
Assets" altematMItest - enter

3
a

( 1 ) Value of all assets

...

(2) Value 01 assets qualdying

under section
49420)(3)(8)(1).
"Endowmenr allemetM! testenter 2/3 of minimum lnWSI
ment return shown on Part X.
hne 6 for each year hsled

..

"Supporr altematMItest. enter

( 1) Total support other than
gross investment Income
(interest. dividends. rents,
payments on secunbes
loans (118doon 512(a)(5)),
or royaltoes).
(2) Support from general
public and 5 or more
exempt organozatoonsas
provided ,n sectJon4942
0)(3)(B)(iii)

(3) Largest amount 01 SUI>port from an exempt

organozabon

.....

( 4) Gross investmentincome

l::F.T--~upple~entary

Information (Complete t~is part _only if the foundation had $5,000 or more in assets at any
time durmg the year - see page 28 of the instructions.)

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 tax year (but only 1fthey have contributed more than $5,000). (See section 507(d)(2))

N/A
b

List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest

N/A
2

Information

Regarding Contribution,

Grant, Gift, Loan, Scholarship, etc., Programs:

Check here.,..
if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants. etc. (see page 28 of the 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 apphcat1onsshould be addressed

SEE STATEMENT 2 0
b The form in which applications should be submitted and information and materials they should include:

SEE STATEMENT 20
c Any submission deadhnes.

SEE STATEMENT 20
Any restrictions or hm1tat1onson awards, such as by geographical areas, charitable fields, kinds of inst1tut1ons,or other
factors
SEE STATEMENT 20

JSA

'Form

7E1490 2 000

77270J

827G

07/01/2008

08:40:46

V07-6.4

990-PF {2007)

15

-------

25-11134
Supplementary Information (continued)
Grants and Contributions Paid During the Year or Approved for Future Payment

Form 990-PF (2007)

Utfi@j
3

Rec1p1ent
Name and address (home or business)

If recipient IS an ll'ldMdual,

show any ralationslupto

any foundation manager
or substantial cantnbutor

Foundation
status of
rec1p1ent

52

Purpose of grant
contnbutJon

Page

or

11

Amount

a Paid during the year

SEE STATEMENT22

17,113,000.

..

..

Total.
b Approved for future payment

...

,..la

SEE: STATEMENT22

17.113.000
4,442,000.

.....3b

Total.

4.442.000.
990-PF (2007)

Form
JSA

714912000

77270J

827G 07/01/2008

08:40:46

V07-~.4

16

Form 990-PF (2007)

:.-:

... ~-

.....

1!"7....

25-1113452

Page

12

Analysis of Income-Producing Activities

Unrelated business income

Enter gross ~mountsunless otherwise indicated

1 Program service revenue

a

Excluded b section 512, 513, or 514

(a)

(b)

(c)

(d)

Businesseode

Amount

EmuSIOl'I eod

Amount

(e)

')elated or exemgt
unction mcom
(See page 28 of
he instructions.)

c
d
e

Fees and contracts from govemment agencies

2 Membership dues and assessments .

3 Interest on savings and temporary cash investments

4 01v1dends and interest from secunlies

...

14

8-111.440.

18

19- 773. 773.

14
14

1- 954. 960.
37.716.

5 Net rental income or (loss) from real estate:

a Debt-financed property .
b Not debt-financed property
6 Net rental income or (loss) from personal property
7 Other investment income

.........

8 Gain or (loss) from sales of assets other than inventory

9 Net income or (loss) from special events

1 O Gross profit or (loss) from sales of inventory.

11 Other revenue: a
b VENTURE
FUND INC.

c OTHER

-76.464.

900000

INCOME

e
12 Subtotal. Add columns (b), (d), and (e)

....

-76.464.

13 Total. Add line 12, columns (b), (d), and (e). . . .

(See worksheet in line 13 instructions on page 29 to verify calculations.)
l:.t,;1 .. u1
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.

29. 877 - 889.

13 -----=2:.:9::....irc...;8:::...0:.:.lL,
...::4=2c.=5c...::.'-

=Explain below

how each activity for which income 1s reported in column (e) of Part XVI-A contributed importantly to
the accomplishment of the foundation's exempt purposes (other than by providing funds for such purposes). (See
page 29 of the instructions )

NOT APPLICABLE

Form

JSA

990-PF

7E1492 2000

77270J

827G

07/01/2008

08:40:46

V07-6.4

17

(2007)

Form990-PF

25-1113452

2007

Page13

Information Regarding Transfers To and Transactions and Relationships With Noncharitable

Exemp tO rgamza f ions
Did t!Je organization directly or indirectly engage in any of the following with any other organization described in section

No

Yes

501 (c) of the Code (other than section 501 (c)(3) organizations) or in section 527, relating to political orgamzat1ons?
a Transfers from the reporting foundation to a nonchantable exempt organization of.
(1) Cash
(2) Other assets

x
x

1a(1l
1al21

b Other transactions:
(1) Sales of assets to a noncharitable exempt organization

x
x
x
x
x
x
x

1bl1l
1b(2)

(2) Purchases of assets from a nonchantable exempt organization

(3) Rental of facilities, equipment, or other assets

1bl3'
1b(4)

(4) Reimbursement arrangements

(5) Loans or loan guarantees

1bt5'
1b(6]
(6) Performance of services or membership or fundra1singsolicitations
1c
c Sharing of facilities, equipment. mailing lists, other assets, or paid employees
d If the answer to any of the above is "Yes." complete the following schedule. Column (b) should always show the fair market value of the goods,
other assets, or services given by the reporting foundation. If the foundation received less than fair market value in any transaction or sharing
arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line no

(b) Amount mllOlved

(c) Name of nonchantable exempt orgamzabon

NIA

(d) Descnpt,on of transfers, transacbons, and shanng arrangements

NIA

2 a 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? ...
b If "Yes com lete the followin schedule
(a) Name of orgamzabon

(b) Type of orgamzabon

Yes

[iJ

No

(c) Descnpt1on of relabonsh1p

Under penalties of perJury, I declare that I have examined this retum, mcludmg accompanying schedules and statements, and to the best of my knowledge and
belief, ,t
true, correct, and complete Declarabon of preparer (other than taxpayer or fiduciary) s ba
on all information of wh,ch preparer has any knowledge

e,

t;J

o 2,

Date

FORT WASHINGTON

PA

19034

ai.. ~><.

V,4-f}ES.

,... Title

Phone no

215-654-1600
Form 990-PF

JSA

7E1493 2 000

77270J

827G

07/01/2008

08:40:46

V07-6.4

18

(2007)

SARAH SCAIF FOUNDATION INCORPORATED

FORM 990PF,

25-1113452

PART I - DIVIDENDS AND INTEREST FROM SECURITIES

===========================================================
REVENUE
AND
EXPENSES
PER BOOKS

DESCRIPTION
INTEREST INCOME
DIVIDEND INCOME
TOTAL

77270J

827G 07/01/2008

08:40:46

V07-6.4

NET
INVESTMENT
INCOME

3,088,473.
5,022,967.

3,088,473.
5,022,967.

8,111,440.

8,111,440.

20

STATEMENT 1

25-1113452

SARAH SCAIFE FOUNDATION INCORPORATED

FORM 990PF,

PART I - OTHER INCOME

---------------------------------

REVENUE
AND
EXPENSES
PER BOOKS

DESCRIPTION
VENTURE INCOME
TOTALS

77270J

827G 07/01/2008

08:40:46

V07-6.4

NET
INVESTMENT
INCOME

ADJUSTED
NET
INCOME

1,916,212.

1,916,212.

NONE

1,916,212.

1,916,212.

NONE

21

STATEMENT 2

SARAH SCAIFE FOUNDATION INCORPORATED

FORM 990PF,

25-1113452

PART I - LEGAL FEES

===============================
REVENUE
AND
EXPENSES
PER BOOKS

DESCRIPTION
LEGAL FEES
TOTALS

77270J

827G 07/01/2008

08:40:46

V07-6.4

NET
INVESTMENT
INCOME

ADJUSTED
NET
INCOME

CHARITABLE
PURPOSES

4,913.

NONE

NONE

4,913.

4,913.

NONE

NONE

4,913.

--------------

22

STATEMENT

SARAH SCAIFE FOUNDATION INCORPORATED

FORM 990PF,

25-1113452

PART I - ACCOUNTING FEES

----------------====================
REVENUE
AND
EXPENSES
PER BOOKS

DESCRIPTION
AUDIT, COMPLIANCE, AND TAX SRV
TOTALS

57,878.

28,939.

57,878.

28,939.

============--

77270J

827G 07/01/2008

08:40:46

V07-6.4

NET
INVESTMENT
INCOME

ADJUSTED
NET
INCOME

CHARITABLE
PURPOSES

NONE

28,939.

NONE

28,939.

==============

23

STATEMENT 4

25-1113452

SARAH SCAIFE FOUNDATION INCORPORATED

FORM 990PF,

PART I - OTHER PROFESSIONAL FEES

REVENUE
AND
EXPENSES
PER BOOKS

DBSCRIPTION
FISCAL AGENT FEES
CONSULTING
TOTALS

77270J

827G 07/01/2008

08:40:46

NET
INVESTMENT
INCOME

ADJUSTED
NET
INCOME

CHARITABLE
PURPOSES

280,218.
256,000.

280,218.
NONE

NONE
NONE

NONE
256,000.

536,218.

280,218.

NONE

256,000.

V07-6.4

24

STATEMENT

SARAH SCAIFE FOUNDATION INCORPORATED

FORM 990PF,

25-1113452

PART I - TAXES
REVENUE
AND
EXPENSES
PER BOOKS

DESCRIPTION
FEDERAL EXCISE TAX
PAYROLL TAX
TOTALS

NET
INVESTMENT
INCOME

ADJUSTED
NET
INCOME

308,000.
51, 491.

NONE
5,401.

NONE
NONE

359, 491.

5, 401.

NONE

CHARITABLE
PURPOSES
NONE
46,090.
46,090.

==============

77270J

827G 07/01/2008

08:40:46

V07-6.4

25

STATEMEN'l' 6

25-1113452

SARAH SCAIFE FOUNDATION INCORPORATED

FORM 990PF,

PART I - OTHER EXPENSES

----==-============================
REVENUE
AND
EXPENSES
PER BOOKS

DESCRIPTION

--------1,000.

COMPUTER MAINTENANCE
INSURANCE
DUES & SUBSCRIPTIONS
OFFICE EXPENSES
OFFICE TEMP
TELEPHONE
SECURITY

16,795.
7,098.
21,929.
21,155.
4,188.
50,298.

TOTALS

77270J

827G 07/01/2008

08:40:46

NET
INVESTMENT
INCOME

------

ADJUSTED
NET
INCOME

------

NONE
1,762.
NONE
2,300.
2,219.
439.
NONE

NONE
NONE
NONE
NONE
NONE
NONE
NONE

CHARITABLE
PURPOSES

--------

1,000.
15,033.
7,098.
19,629.
18,936.
3,749.
50,298.

----------------------------------------------------115,743.
NONE
6,720.
122,463.

==============--------------

V07-6.4

--------------

26

--------------

STATEMENT 7

SARAH
SCAIFEFOUNDATION
INCORPORATED

25-1113452

FORM
990PF, PARTI - CONTRIBUTIONS,
GIFTS,GRANTS
PAID

======================================================

RECIPIENT
NAME
ANDADDRESS

RELATIONSHIP
TOSUBSTANTIAL
CONTRIBUTOR
AND
FOUNDATION
STATUS
OFRECIPIENT

PURPOSE
OF GRANT
ORCONTRIBUTION

AMOUNT

GRANTS
PAID
17 113 000

SEESTATEMENT
22

TOTAL
CONTRIBUTIONS
PAID

17,113,000.

GRANTS
ACCRUED
4,442,000.

SEESTATEMENT
22

TOTAL
APPROVED
CONTRIBUTIONS
ACCRUED

77270J 827G 07/01/2008 08:40:46 V07-6.4

27

STATEMENT
8

4, 442,000.

25-1113452

SARAH SCAIFE FOUNDATIONINCORPORATED

FORM 990PF,

PART II

- PREPAID EXPENSES AND DEFERREDCHARGES

--=~~==============================================-=======

PREPAID INSURANCE
TOTALS

77270J

ENDING
FMV

ENDING
BOOKVALUE

DESCRIPTION

827G 07/01/2008

08:40:46

V07-6.4

6,840.

6,840.

6,840.

6,840.

28

STATEMENT 9

25-1113452

SARAHSCAIFE FOUNDATIONINCORPORATED
FORM990PF,

PART II

- U.S.

AND STATE OBLIGATIONS

-----------------------------------------------DESCRIPTION
GOVBRNMENT
SECURITIES
(SEE STATEMENT13A)
US OBLIGATIONS TOTAL

77270J

ENDING
FMV

ENDING
BOOKVALUE

827G 07/01/2008

08:40:46

V07-6.4

50,470,075.

51,544,930.

50,470,075.

51,544,930.

29

STATEMENT 10

25-1113452

SARAH SCAIFE FOUNDATIONINCORPORATED

FORM 990PF,

PART II

- CORPORATESTOCK

------------------------------------DESCRIPTION
COMMON
STOCK INVESTMENTS
(SEE STATEMENT13A)
TOTALS

77270J

827G 07/01/2008

08:40:46

V07-6.4

ENDING
BOOKVALUE

ENDING
FMV

141,184,334.

236,103,598.

141,184,334.

236,103,598.

30

STATEMENT 11

25-1113452

SARAH SCAIFE FOUNDATION INCORPORATED

FORM 990PF,

PART II

- CORPORATE BONDS

-------------------------------------

CORPORATE BOND INVESTMENTS

(SEE STATEMENT 13A)
TOTALS

77270J

ENDING

ENDING
BOOK VALUE

DSCRIPTION

827G 07/01/2008

08:40:46

FMV

3,962,966.

3,924,240.

3,962,966.

3,924,240.

===============

V07-6.4

31

STATEMENT 12

SARAH SCAifE
FORM 990PF,

FOUNDATION INCORPORATED
PART II

25-1113452

- OTHER INVESTMENTS

----------=============================

VENTURE FUNDS (SEE STMT. 13A)

MUTUAL FUNDS (SEE STMT. 13A)
TOTALS

77270J

ENDING

ENDING
BOOK VALUE

OESCRIPTION

827G 07/01/2008

08:40:46

V07-6.4

FMV

2,168,914.
3,876,230.

3,718,076.
8,503,040.

6,045,144.

12,221,116.

32

STATEMENT 13

Sarah Scaife Foundation Incorporated

Schedule of Investments
December 31, 2007

Government Securities
Shares/or Par Value

Cost

Market Value

U.S. Treasury and agencies securities

2,007,420
1,703,944
5,382,192
3,088,520
6,871,349

2,007,500
1,744,098
5,285,630
3,028,620
7,900,206

19,053,425

19,966,054

U.S. Treasury Notes

31,416,650

31,578,876

TOTAL GOVERNMENT SECURITIES

50,470,075

51,544,930

Federal Farm Credit Bank

Federal Home Loan Banks
Federal Home Loan Mortgage Corp.
Tennessee Valley Authority
Treasury Inflation Securities

2,000,000
1,700,000
5,000,000
3,-000,000
6,500,000

Common Stock
Shares/or Par Value

Market Value

Common Stocks:
3M Co.
Accenture Ltd.
Altria Group, Inc.
AMBAC Financial Group, Inc.
American International Group, Inc.
AT&T, Inc.
Automatic Data Processing, Inc.
Becton Dickinson & Co.
Berkshire Hathaway, Inc.
Cardinal Health, Inc.
Carnival Corporation
Charles Schwab Corp. New
Chevron Corp.
Diamond Offshore Drilling, Inc.
Diebold, Inc.
Ecolab Inc.
Entergy Corp.
Exxon Mobil Corp.
FactSet Research Systems, Inc.
Fortune Brands, Inc.
FPL Group, Inc.
Gannett Co., Inc.
General Dynamics Corp.
General Electric Co.

Graco Inc.
Illinois Tool Works, Inc.
International Business Machines Corp.
Johnson & Johnson
Johnson Controls, Inc.
Kellogg Co.
Lockheed Martin Corp.
McDonald's Corp.
Merrill Lynch & Co., Inc.
Microchip Technology, Inc.

41,500
68,500
307,000
25,500
166,111
100,000
83,600
50,200
900
36,000
40,000
158,000
30,200
21,800
82,500
66,500
20,000
250,000
38,500
35,000
62,500
31,400
44,000
260,000
58,000
11,200
112,000
86,000
58,200
67,000
25,000
85,000
45,500
88,000

3,316,414
2,551,557
7,590,731
2,444,251
945,868
3,292,750
3,589,143
3,335,407
2,028,491
2,408,562
2,158,052
2,945,167
1,382,650
2,474,041
3,907,028
2,170,023
2,348,382
2,940,570
2,483,149
1,897,276
948,500
2,377,008
1,932,762
1,812,113
2,030,635
524,336
3,154,184
5,182,346
1,143,605
3,009,243
883,025
4,229,766
522,450
2,751,311

3,499,280
2,468,055
23,203,060
657,135
9,684,271
4, 156,000
3,722,708
4,195,716
4,262,400
2,079,000
1,779,600
4,036,900
2,818,566
3,095,600
2,390,850
3,405,465
2,390,400
23,422,500
2,144,450
2,532,600
4,236,250
1,224,600
3,915,560
9,638,200
2,161,080
599,648
12,107,200
5,736,200
2,097,528
3,512,810
2,631,500
5,007,350
2,442,440
2,764,960

STATEMENT 13A

Nike, Inc.
Novartis AG
Omnicon Group, Inc.
Pepsico, Inc.
Praxair, Inc.
Proctor & Gamble Co.
Prudential Financial Inc.
Schlumberger Ltd.
State Street Corp.
Stryker Corp.
Target Corp.
Texas Instruments Inc.
U.S. Bancorp
United Parcel Service, Inc.
United Technologies Corp.
Wachovia Corp.
Wells Fargo & Company
Wisconsin Energy Corp

Sarah Scaife Foundation Incorporated

Schedule of Investments
December 31, 2007
54,000
84,000
51,000
66,500
52,000
98,800
41,000
26,000
72,000
63,500
84,500
80,000
75,000
13,500
120,000
52,015
122,600
54,500

TOTAL COMMON STOCK

2, 115,480
4,769,879
2,015,493
3,994,275
2,497,634
4,494,255
3,762,103
2,417,104
4,918,195
3,291,353
4,919,899
1,883,200
2,354,220
1,002,375
2,218,926
2,004,960
3,355,250
2,458,937

3,468,960
4,562,040
2,424,030
5,047,350
4,612,920
7,253,896
3,814,640
2,557,620
5,846,400
4,744,720
4,225,000
2,672,000
2,380,500
954,720
9, 184,800
1,978,131
3,701,294
2,654,695

141,184,334

236, 103,598

Corporate Bonds
Shares/or Par Value
GTE Northwest Inc.
National Rural Utilities
Pharmacia Corporation
South Carolina Electric & Gas Co.

775,000
1,050,000
1,000,000
1,000,000

TOTAL CORPORATE BONDS

Cost

Market Value

860,750
1,004,356
1,071,680
1,026,180

777,480
1,076,670
1,014,930
1,055,160

3,962,966

3,924,240

Venture Funds
Shares/or Par Value

Cost

Market Value

Code, Hennessy & Simmons Limited Partnership

Code, Hennessy & Simmons II, LP.
Code, Hennessy & Simmons Ill, LP.
Code, Hennessy & Simmons IV, LP.
Meakem Becker Ventures Capital I LP

67,415
64,613
262,297
710,130
1,064,459

11,863
1,747,575
68,521
825,658
1,064,459

TOTAL VENTURE FUNDS

2,168,914

3,718,076

Mutual Funds
Shares/or Par Value
Mutual Fund:
!Shares Russell 2000 Index Fund
TOTAL MUTUAL FUNDS

112,000

Cost

Market Value

3,876,230

8,503,040

3,876,230

8,503,040

STATEMENT 13A

SARAHSCAIFE FOUNDATIONINCORPORATED
FORM990PF,

PART VIII

25-1113452

- LIST OF OFFICERS, DIRECTORS, AND TRUSTEES

-=====-==========================================================
TITLE AND AVERAGEHOURS PER
WEEKDEVOTEDTO POSITION

NAMEAND ADDRESS

CONTRIBUTIONS EXPENSE ACCT

AND OTHER
TO EMPLOYEE
COMPENSATION BENEFIT PLANS ALLOWANCES

RICHAROM. SCAIFE
301 GRANTSTREET
ONE OXFORDCENTRE, SUITE 3900
PITTSBURGH, PA 15219-6401

CHAIRMAN/TRUSTEE
2.50

MICHAELW. GLEBA
301 GRANTSTREET
ONE OXFORDCENTRE, SUITE 3900
PITTSBURGH, PA 15219-6401

EXECUTIVEVP
32.00

232,060.

35,400.

NONE

BARBARAL. SLANEY
301 GRANTSTREET
ONE OXFORDCENTRE, SUITE 3900
PITTSBURGH, PA 15219-6401

VP/TREASURER
32.00

254,060.

35,400.

NONE

~. DANIEL MCMICHAEL
301 GRANTSTREET
ONE OXFORDCENTRE, SUITE 3900
PITTSBURGH, PA 15219-6401

SECRETARY
2.50

YVONNEMARIE BLY
301 GRANTSTREET
ONE OXFORDCENTRE, SUITE 3900
PITTSBURGH, PA 15219-6401

ASST. TREASURER
32.00

T. KENNETHCRIBB, JR.
301 GRANTSTREET
ONE OXFbRDCENTRE, SUITE 3900
PITTSBURGH, PA 15219-6401

TRUSTEE
2.50

77270J

827G 07/01/2008

08:40:46

V07-6.4

NONE

NONE

53,933.

6,000.

NONE

NONE

12,100.

NONE

33,TATEMENT 14

NONE

NONE

NONE

NONE

SARAHSCAIFE FOUNDATIONINCORPORATED
FORM990PF,

PART VIII

25-1113452

- LIST OF OFFICERS, DIRECTORS, AND TRUSTEES

TITLE AND AVERAGEHOURSPER

WEEKDEVOTEDTO POSITION

NAMEANO ADDRESS

CONTRIBUTIONS EXPENSE ACCT

AND OTHER
TO EMPLOYEE
COMPENSATION BENEFIT PLANS ALLOWANCES

EDWIN J. FEULNER, JR.

301 GRANTSTREET
ONE OXFORDCENTRE, SUITE 3900
PITTSBURGH, PA 15219-6401

TRUSTEE
2.50

6,000.

NONE

NONE

ALLAN H. MELTZER
301 GRANTSTREET
ONE OXFORDCENTRE, SUITE 3900
PITTSBURGH, PA 15219-6401

TRUSTEE
2.50

6,000.

NONE

NONE

E.

VAN R. MILBURY
301 GRANTSTREET
ONE OXFORDCENTRE, SUITE 3900
PITTSBURGH, PA 15219-6401

TRUSTEE

4,500.

NONE

NONE

ROGERW. ROBINSON, JR.

301 GRANTSTREET
ONE OXFORDCENTRE, SUITE 3900
PITTSBURGH, PA 15219-6401

TRUSTEE
2.50

6,000.

NONE

NONE

JAMES C. RODDEY
301 GRANTSTREET
ONE OXFORDCENTRE, SUITE 3900
PITTSBURGH, PA 15219-6401

TRUSTEE
2.50

6,000.

NONE

NONE

JAMES M. WALTON
301 GRANTSTREET
ONE OXFORDCENTRE, SUITE 3900
PITTSBURGH, PA 15219-6401

TRUSTEE
2.50

4,500.

NONE

NONE

ARTHURP. ZIEGLER, JR.

TRUSTEE
2.50

6,000.

NONE

NONE

77270J

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08:40:46

V07-6.4

34.TATEMENT 15

SARAHSCAIFE FOUNDATIONINCORPORATED
FORM990PF,

PART VIII

25-1113452

- LIST OF OFFICERS, DIRECTORS, AND TRUSTEES

=================================================================
TITLE AND AVERAGEHOURSPER
WEEKDEVOTEDTO POSITION

NAMANO ADDRESS

CONTRIBUTIONS EXPENSE ACCT

TO EMPLOYEE
AND OTHER
COMPENSATION BENEFIT PLANS ALLOWANCES

301 GRANTSTREET
ONE OXFORDCENTRE, SUITE 3900
PITTSBURGH, PA 15219-6401
GRANDTOTALS

585,053.

82,900.

NONE

==========================================

77270J

827G 07/01/2008

08:40:46

V07-6.4

3~TATEMENT 16

SARAH SCAIFE FOUNDATION INCORPORATED

990PF,

PART VIII

25-1113452

- COMPENSATION OF THE FIVE HIGHEST PAID EMPLOYEES

=--===============================================================
TITLE AND AVERAGE
HOURS PER WEEK
DEVOTED TO POSITION

NAME AND ADDRESS

COMPENSATION

CONTRIBUTIONS EXPENSE ACCT

TO EMPLOYEE AND OTHER
BENEFIT PLANS ALLOWANCES

CAROL NOLAN
301 GRANT STREET
PITTSBURGH, PA 15219-6401

EMPLOYEE
32.00

58,133.

13,300.

NONE

ALEXIS J. KONKOL
301 GRANT STREET
PITTSBURGH, PA 15219-6401

EMPLOYEE
32.00

56,800.

13,050.

NONE

59,100.

13,012.

NONE

50,100.

10,875.

NONE

POLLY MCQUEEN
301 GRANT STREET
PITTSBURGH, PA 15219-6401

24.00
EMPLOYEE
12.00

MATTHEWGROLL
301 GRANT STREET
PITTSBURGH, PA 15219

TOTAL COMPENSATION

77270J

827G 07/01/2008

08:40:46

V07-6.4

---------224,133.

----------

36

---------50,237.
----------

---------NONE
----------

STATEMENT 17

'SARAft SCAIFE FOUNDATION INCORPORATED

990PF,

------~

PART VIII-

25-1113452

COMPENSATIONOF THE FIVE HIGHEST PAID PROFESSIONALS

-------------------------------------------------------------

NAMEAND ADDRESS

TYPE OF SERVICE

COMPENSATION

OXFORD DEVELOPMENTCOMPANY/GRANTST.
ONE OXFORD CTR, PLAZA LEVEL,301 GRANT ST
PITTSBURGH, PA 15219

FACILITY RENTAL

208,547.

R. DANIEL MCMICHAEL
ONE OXFORD CENTRE, 301 GRANT STREET
PITTSBURGH, PA 15219

CONSULTING

266,776.

DENNISE. BRADSHAW
803 WOLFE STREET
ALEXANDRIA, VA 22314

MGMTCONSULTING SVCS

TOTAL COMPENSATION

50,304.

525,627.

STATEMENT 18
77270J

827G

V07-6.4

37

SARAH SCAIFE FOUNDATION INCORPORATED

EIN: 25-1113452
YEAR ENDED: DECEMBER 31, 2007
FORM 990-PF

STATEMENT 19

PART I, LINE 19- DEPRECIATION EXPENSE

PART II, LINE 14 - LAND, BUILDINGS, AND EQUIPMENT
PART II, LINE 14 -ACCUMULATED DEPRECIATION
DESCRIPTION
LEASEHOLD IMPROVEMENTS
OFFICE EQUIPMENT
SUBTOTAL FIXED ASSETS
LESS: ACCUMULATED DEPRECIATION
NET FIXED ASSETS

AMOUNT
316,204
508,847
825,051
(820,619)
4,432

DEPRECIATION AND AMORTIZATION EXPENSE FOR 12/31/07 WAS $32,845.

STATEMENT 19

STATEMENT20
SARAH SCAIFE FOUNDATION
Incorporated
One Oxford
Centre
301 Grant
Street,
Suite
3900
Pittsburgh,
Pennsylvania
15219-6401
412-392-2900
ANNUAL REPORT

The Sarah
Scaife
Foundation's
grant
program
is primarily
directed
toward
public
policy
programs
that
address
major
domestic
and international
issues.
There
are no geographical
restrictions.
The Foundation
does not make grants
to individuals
for any purpose
or to nationally-organized
fundraising
groups.
Proposals
for
the
following
are
usually
declined:
event
sponsorships,
endowments,
capital
campaigns,
renovations,
or
government
agencies.
Initial
inquiries
to the
Foundation
should
be in letter
form
signed
by
the
organization's
President,
or
authorized
representative,
and have the approval
of the organization's
Board
of Directors.
The letter
should include
a concise
description
of
the specific
program for which funds are requested,
and a program
budget
and timetable.
Accompanying
information
should
include
a
copy
of
the
latest
audited
financial
statements
and annual
report;
current
budget;
list
of officers
and directors
and their
major
affiliations;
and a copy of the
current
determination
letter
from the Internal
Revenue
Service
evidencing
tax-exempt
status
under
Section
501 (c) (3}
of the
IRS Code.
Additional
information
may be requested,
if needed,
for further
evaluation.
The Foundation
November to consider
at any time and will
Requests

should

meets
grants.
be acted

in
February,
May, September,
and
However,
requests
may be submitted
upon as expeditiously
as possible.

be addressed

to:

Michael
W. Gleba
Executive
Vice President
Sarah Scaife
Foundation
One Oxford Centre
301 Grant
Street,
Suite
Pittsburgh,
PA 15219-6401

3900

STATEMENT 20

SARAH SCAIFE FOUNDATION INCORPORATED

EIN: 25-1113452
YEAR ENDED: DECEMBER 31, 2007
FORM 990-PF
Federal

STATEMENT 21

Footnotes

& Approved:

Grants

Paid

All of
grants
Section
within

the grantees
shown on the attached
statement
of
are exempt
under
the Internal
Revenue
Code (IRC)
SOl(c)
(3),
and have the status
of public
charities
the meaning
of IRC Section
509(A) (1) or (2}.

STATEMENT 21

SARAH SCAIFE FOUNDATIONINCORPORATED

SCHEDULEOF GRANTS
AS OF AND FOR THE YEARENDEDDECEMBER
31, 2007
Payable,

1l1lQ712Q1QZ

12131/06 Approved
Acton Institutefor the Study of
Relgion and L.Jberl,
Grand Rapids, Michigan
Project support

50,000$

eaa

Payable,

12131Q7

50,000 $

tnstilut8 for Public Polk:y,

Pittsburgh, Pennsytvania
GeneralopetBti i(I support

125,000

125,000

50,000

50,000

130,000

130,000

200,000

200,000

AmericanAcademy for Uberal

Edi IC8tion.
W88hington.D.C.
General oped i9 support

Amertcan Bar Assodatton Fund

for JusUceand Education,
Chicago, 411nc11
8'anding Committee on Law
and National Security

AmericanCivil Rights Institute.

Sacramento, C8llfomia
General opetatiltg support

85,000

65,000

Amelican Councl of Trusteei

anclAlumnt.

WashlnglDn,D.C.
Generaloperating support

50,000

50,000

American Enterprise Institute for

Public Poley Research,

Washington, D.C.

200,000

200,000

Program support
Shadow FlnanclalRegulatory
Committee
Project support

25,000

25,000

350,000

200,-000

AmericanFcnign Polley Council,

WashJngton, O.C.
Generaloperating support

150,000

150,000

50,000

50,000

America's Future Foundation,

WashJngton, D.C.
General operating support

150,000

STATEMENT

22

SARAH SCAIFE FOUNDATIONINCORPORATED

SCHEDULEOF GRANTS
AS OF ANO FOR THE YEARENDEDDECEMBER31, 2007
1l1t01 -1~1mz
Approved
f!!1

Payable,

12/31/06
Ametica's SuMvel, Inc.,
OWings,Matytand

Program support

60,000$

Payable,

12131/07

60,000 $

Atlantic Legal Foundation,

New Yen, NewYork
Generalopeiatil tg suPf)O!t

100,000

100,000

Adas EconormcResearchFoundaUon,
Mr ,gton. Vaginla
General operating and ptogram support

200,000

100,000

100,000

Boston Urdwnlty,
Boaton,MasaachU88tlB
Institute for the Study of
Ideology and Policy

Conflict.
44,500

capitaJ ResearchCenter,
Washln910n,
D.C.
General operatingsupport
Carnegie Mellon UnM!N'Slty,
Pi\tsbUrgh,Pennsytvania
Gallliot Center for Public PoDcy
Project support

75,000

44,500

250,000

250,000

150,000
75,000

150,000
75,000

75,000

75,000

150,000

150,000

150,000

150,000

300,000

300,000

75,000

Center for Equal Opportunity,

Sterting, Virginia
Genera)

ope,atitagsupport

Center for lmmJgrationStudMtS,Inc.,

VVashlngton,D.C.
General operating support
Center for 1ndMduaJ
Rights,
VVashingtDn,

General

o.c.

opetatirtg

support

Center for Secur1ty PolJcy,Inc.,

Washington, O.C.
General operating support

STATEMENT

22

SARAH SCAIFE FOUNDATIONINCORPORATED

SCHEDULEOF GRANTS
AS OF AND FOR THE YEARENDEDDECEMBER
31, 2007
Payable,

12131/06
Center for S1rateglcand
lntema1lonalStudies, Inc.,
Washington, D.C.
Senior AdvisorPost and
p,oJec:tsupport

185,000 S

j/1lQ7 -12Q1QZ
Appr2(!d
amt

Payable,

32131/QZ

350,000 S

385,000 $

150,000

150,000

400,000

200,000

200,000

140,000

140,000
50,000

100,000

150,000

Center for the Study of the Presidency,

Washington,

o.c.

Prog,m n and project support

75,000

Ctaremont Institute for the Study of

StatasmanshJp and Polltica1Phtlosophy,
Claremont, CaHfomla
General oper&Ung,programand
Washington Felow support
Collegiate N~
tnc.,
Wilmb.gtr,n,Oelawate
Generalopet atlng support
NationalSecurity Program
p,otess;onal Joumalsm Fellowships

50,000

100,000
100,000

100,000

Committee f9r'a ConstructtveTomorrow,

WashJn9tOn,O.C.
G8Isendoperatingsupport

200,000

100,000

The CommonwealthFoundation
for Public Poffcy Altsmattves,
Harrisbufg,Pennsytvanla
General ope,atil 19support

140,000

140,000

150,000
200,000

200,000

300,000

300,000

75,000

75,000

75,000

100,000

Competitive EnterpriSeInstitute,

o.c.

Washfngton,
General operating support

Project support

David HorowftzFreedom Center,

Los Angeles, C8lfomla
Generaloperatingsupport
Environmental Literacy Counclf,
Washington, D.C.
Generaloperating support

150,000

75,000

75,000

150,000

STATEMENT

22

SARAH SCAIFE FOUNDATION INCORPORATED

SCHEDULEOF GRANTS
AS OF ANO FOR THE YEAR ENDEDDECEMBER31, 2007
Payable,

12131/06
EthJcsand Public Po0cyCenter, Inc.,
Washington, D.C.
Generaloperatingand programsupportS

50,000

The Federalist Society for Law&

Public Poley Studies.
Washington, D.C.
Generalopetath 1g and progt arnsupport

1/1/QZ-1?}31/07
App,pved
.ful

175,000 $

.;

175,000 $

50,000

325,000

200,000

50,000

50,000

35,000

35,000

75,000

75,000

125,000

125,000

260,000

260,000

125,000

125,000

50,000

50,000

125,000

Fedelation for Amet1canlmmlg,ation

'

Reform,

Washington,o.c.
JmmJgrationRetonn Law Institute

Fon,lgn Policy ResearchInstitute,

?taladelphla. PennsytvanJa
Generaloperating support
The Foundation EndOwment.

Alexandria,VsglnJa

Generaloperating support

Foundation for CafifomiaUntversity

of Pennsylvan1a,
Callfcmia, PennsyMlnla
Go\Wnment A{1eneyCoordination

Office

Foundationfor CUituraiReview, Inc.,

New YOffc,New Yorlt
Generaloperating support
F<Uldation for tndMduaf Rights
In Educallon, Inc.,
Phlladelphia,Pennsytvania
Generaloperating support

Foundationfor Research on Economics

and the enwonment.

Bozeman,Montana

General operating support

STATEMENT

22

SARAH
FOUNDATIONINCORPORATED
. SCAIFE
.
SCHEDULE OF GRANTS
AS OF AND FOR THE YEAR ENDEDDECEMBER31, 2007
Payable,

12/31106

ll1lQZ 12131lQZ
Approved

Payable,

12131/QZ

Four.dationfor Teaching EcotIOf1llcs,

Davis.California

Programsupport

30,000 $

30,000 $

Foundation for the Defense of

Oemoaacles, Inc.,
Washlngtcn, O.C.
Project support

250,000

250,000

475,000

250,000

Free Congress Research and Educaticn

Foundation,
Washington. O.C.
General opet atb19and program support
Freedom House, Inc.,
WashlnglDn, O.C.
Center for Reflglous Freedom

140,000

FreedomWorka Foundation,
WashlnglDn, D.C.
General operating and project
support
Galen lnstttuta, tnc.,
Alexandria, Virginia
General operating support .

225,000

(140,000)

200,000

200,000

50,000

50,000

155,000

155,000

200,000

200,000

800,000

400,000

400,000

125,000

115,000

60,000

Georvec. Marshall Jostttute.

Washington, D.C.
General operating support

MasonUnJverstty
Foundation.
Inc.,

George

Fairfax,Virginia

Law and Economics Center

Heritage Foundation.
Washington, O.C.
General operating support

High Frontier,

Alexandria.
Vugmla
Program support

50,000

STATEMENT 22

SARAH SCAIFE FOUNDATIONINCORPORATED

SCHEDULEOF GRANTS
AS OF AND FOR THE YEAR ENDED DECEMBER31, 2007
1(1/07-12131/07
Approved
f!1!1

Payable,
12/31/D8

Hudson Institute,Inc.,
Washington,D.C.
Centerfor ReligiousFreedom
Project for CMIJustice Reform and
InternationalRellglousLiberty
Project auppo,t

Payable,
12fJ1lQ7

140,000 $

140,000 $

150,000

50,000

150,000
50,000

The HumanRights Foundation,

NewYork, New York
General operatingsupport

100,000

100,000

Independent Women's Forum.

Washington. D.C.
Genelal ope,atiig support

100,000

100,000

160,000
475,000

160,000
475,000
75,000

200,000

200,000

Institutefor Foreign PolleyAnalyals,Inc.,

cambrtdge,MassachUSetta
Ecoit0rnlcSecurity Program
General operating support
Project support
Institute for Health
Freedom,
Washingtun, D.C.
General operating support

lnstilUte for HumaneStudies,

Aril,gta .. VlrgJma
General opeaati 19support

75,000

100,000

50,000

50,000

115,000

115,000

150,000

150,000

315.000

160,000

100,000

Institute for Justice,

Via$hington,D.C.
Generaloperatingsupport

Institutefor Researchon the Ec:onornJcs

of T.a>Clltb
1,

Washington. O.C.
Getteraloperating and program support
The Instituteof the NCf1h,
Anchorage,AJaska
National Defenseand Security Program

155,000

STATEMENT 22

SARAH.SCAIFE FOUNDATIONINCORPORATED
SCHEDULEOF GRANTS
AS OF AND FOR THE YEAR ENDED DECEMBER
31, 2007
Payable,

12131/06
The Institute on Religion and Publlc
Ufa, Inc.,
NewYork, New York
Generaloperating and publJcation
$

support

j/1J07
Apprpyed

-l2Q1l.QZ

fl!t

Payable,

12/31/QZ

100,000 $

100,000 $

350,000

100,000
175,000

50,000

50,000

145,000

75,000

187,000

187,000

250,000

125,000

400,000

325,000

150,000

150,000

7,500

7,500

lntercollegJateStudies Institute, Inc.,

Wiimington, OelaW8r8
CMc Uteracy Project

100,000

Generaloperating support
lntemafiolaafPolicy Network US. Inc.,
WashJngton,D.C.
Generalopotatil 19support

JamestownFoundation,
W8shlngton. D.C.
Genef8IoperatJngsupport

175,000

70,000

JohnsHopkins Untversity,
Washington, D.C.
The Psuf Nltztt Schoofof Advanced

~Studies
JudJcialwatch, Inc.,
WeshingtDn,

General~

o.c.

support

LandmarkLegal Foundation,
KansasCity, MJ8souri
General~g
support

125,000

75,000

Latrobe/vea Hospital Charltabkt

Foundation,
Latrobe,pennsytvanJa
Programsupport

LigonierValley SchoolOistrfct,
Ligonier,Pennsylvania
Chnstmas~ prt)9l"8ffl
The Maldon tnstitUte.
Baltimore,Maryland
Generaloperatingsupport

24~.ooo

484,000

484,000

242,000

STATEMENT 22

SARAH SCAIFE FOUNDATIONINCORPORATED

SCHEDULE-OF GRANTS
AS OF ANO FOR THE YEAR ENDEDDECEMBER31, 2007
Payable,

1/1/07 -12131/07
Apprqyed
f!!i

12/31/06

Payable,

12/31/QZ

ManhattanInstitute for Polley

Research, Inc.,
New York.New York
General operating andpublication

200,000 $
40,000

200,000 $
40,000

350.000

325,000

MercabJ8 Center, Inc.,

Fairfax, Virginia
General operating support

.80,000

80,000

Michigan State UnJversity,

East Lansing, Mic:higan
Program support

100,000

.100,000

150,000

75,000

250,000

25Q,000

125,000

125,000

support

Project support

Media Researt:h Center,

Alexandria. Virginia
General operating support

MountVernon Ladies Association

of the Union,
Mount Vernon, Virginia
Project support
National Associationof Scholars, Inc.,
Princeton, New Jersey
General operating support

150,000

175,000

75.000

NationalCenter for PolicyAnalysia,

Dalas, Texas
General operating support

NatiOnalCenter for Pubic PoDcy

Research, Inc.,
Washington. D.C.
Program support
National Institute for Public Policy,
Fairfax, Vitglnta
Program support

50,000

200.00Q

50,000

200,000

National Taxpayer&UnionFoundation,

Alexandria.Virginia
Congresslonal Budget Tracking System

75,000

75,000

STATEMENT 22

S~

SCAIFE FOUNDATION INCORPORATED

SCHEDULEOF GRANTS
_
. AS OF AND FOR THE YEARENDEDDECEMBER31, 2007

1l11Q7-12131J07 ~
fi!!:!
12131/07

Payable,
12/31/06

New EnglandLegal Foundation,

Boston.MassachU88U8
General operating support

Approved

60,000 $

60,000 $

50,000

50,000

175,000

175,000

200,000

200,000

15,000

15,000

10,000

10,000

Number&USAEducationand
Research Foundation,
Arington, Vll;irda

Projectsupport
Padfic Legal Foundation.

Sacramento, California
General ope,ating support

Pacfflc ResearchJnstltutBfor
Public Polic,y,
San Francisco, California
General ope,atil 19support

PhlladelphlaSociety,
Jerome,MichJgan
Gene,aJ opetafllg

Phllanlhr'op'/

support

Roundtable,

Washlngmn. D.C.
Prcgram

support

Phipps Conservatory and

BotanJcafGardens, Inc.,
Plttsburgh,Pennsytvanla
Campaign

2000

1,000,000

1,250,000

250,000

Pittsburgh History end

LandmarkiFoundation.
Pltsburgh,Pennsytvania
Communityredevelopment

500,000

PrincelDnUnlvel3ly.
PrWlCetOI&.
NewJerfffl'/
James Madison Program In

AmericanIdeals and lnstttutiona

Reason Four.dation,
Los Angeles, Cafffomia
Generalope,ating support

75,000

125,000

500,000

75,.000

125,000

STATEMENT

22

SARAH SCAIFE FOUNDATION INCORPORATED

SCHEDULEOF GRANTS
AS OF AND FOR THE YEAR ENDEDDECEMBER31, 2007
Payable.

1/jlQZ -12Q1QZ

12/31I06 Am>rJrg
Saint Vincent College,
Latrobe.Pennsytvania
Center for Pollticaland Economic
$

Thought

. s

35,000 $

El!i

Payable.

12131/07

35,000 $

Social Philosophy and Polk:y

Foundalion.

BcMlir,,gGreen, Ohio
Social PhlJosophyand Policy Center

Southeastem Legal Foundation, Inc.,

Atlanta.Georgia
General operating support

625,000

625,000

75,000

75,000

150,000

150,000

200,000

200,000

450,000

425,000

100,000

100,000

15,000

15,000

100,000

100,000

300,000

300,000

Southwest MIAoUrlStats

UrwensltyFoundalk>n.
Spr'lilgfield,Mis8our1
Department of Defense and
Strategic StudJes

Stanfon:f University, Hoover Institution

on War, Revolution and Peace,
Stanford.,CaJifomla
Bookpojeet
Research programsand Hoover
200,000

Feflaw support

225,000

StatisticalAssessment Service,

WashlngtDn.O.C.
General ~ng

support

StudentNewsDaly.com,Inc.,
Old Bridge. New Jersey
General operating support

Tax Foundation,

WashingtDn.O.C.
General operating and project support
Tufts University,
Medford,Msssachuaetts
The Ftetcher School of Law
and Oiplomacy

150,000

150,000

STATEMENT 22

SARAH SCAIFE FOUNDATIONINCORPORATED

SCHEDULEOF GRANTS
AS OF AND FOR THE YEARENDEDDECEMBER31, 2007
111101-12131/0Z

Payable,

12/31/06

Apprqyed

fut

Payable,
12/316)7

The Univefdy of Chicago.

Chk:ag0 1 llllnols
George J. Stigler Centerforthe S1udy
of the Economy and the State
Law and Economics Program

UniYer&ftyof Kentucky,
Lexi lgtDI.. Kentucky
Prog,a11inQuality, Safety and
Patient RJghtll

75,000

50,000 $
150,000

50,000 $
150,000

75,000

100,000

100,000

u~

orVJrgtnla Law
SchOol FoundatlorJ.

Chark>tteeVile,
Vuginla
Center for NatiOn8I
Security Law

350,000

350,000

10,000

10,000

25,000

25,000

USS ConstitutionMuseum

Foundation. Inc.,
Boston. Massachusetts
PiUsburgh EducStionafOutreach
Program
\llctimS of Communism Memortaf

Foundatk>n.tnc.,

Washington, D.C.

Memorial Oed)cation

World Affairs Coundl of PittsbufVh,

Pittsburgh, Pennsytvania
Teacher-Student Educationaf Projects

Total

75,000--7~5."ll.:OOQ-.
-------

I 3.32.500
5 1e.22e,soo
s 11.113.oog
f 4.442.ooo

STATEMENT

22

SARAH SCAIFE FOUNDATION INCORPORATED

EIN: 25-1113452
YEAR ENDED: DECEMBER 31, 2007
FORM 990-PF

Federal
Allocation

STATEMENT 23

Footnotes
of

Expenses

in

Part

I:

Compensation
of officers,
trustees,
and other
employees,
as
well as the related
employee
benefits
are allocated
based
in carrying
out the Foundation's
exempt
on time spent
purpose
versus
time spent
in the production
of income.
Professional
fees are allocated
based on the nature
of
services
performed
for the Foundation.
All other
expenses
are pro-rated
based on the salary
expense
and the
Foundation's
estimates,
with the exception
of investment
expenses,
which are directly
related
to producing
income.

STATEMENT 23

IMWt SCAIA:FOUNOAnoN
INCORPOMTED
SCHEOUlE
OFGAINS(l.08868) FORTAXONIHYE8TMENT
INCOME
FOR'nfEYEARENDE'>oeceNBER31 .-,
(1)

(b)

(d)

P.PU1tt1111

Qncrfotlan

D-Oanated Acaulced

OlteSotfl

OU-Ball

lfld EJiplnH
afSm

8alel

Mlfllmd

Nia

Securtly

AlberbCuhlf Co.

OM>7J05

ma,,07

88Qlf1ty

AMGEN,Inc.

OMlWS

rtll27/07

Secultly

BrfatolU,.r. Squibb Co.

03110I03

mtn/01

2.274,949

Sec:u,tty

IntelCClfp.

02123195
OWTJVS

02/27/07

3,049,491

Secwfly

MerrilL,nctl6 Co,.
Inc.

12121198

02/'l'l/01

89Qll1ly

Plyd'teXklc.

12/22A)3

02JZ1/01

saar
8uUly eo.,inc.

OWIOI02

02127/ff1

0!5IOlV02

C12J'D/01

Secuf1lY 8outllemCo.

G)

coator

Groll
Dile

(Q

(h)

(f)

(e)

How
Acquired

~of
~

(G)

en-

(kl

l.Gllff fr1lftl

'*Marbl
Valueuof

Gdl(laill)

Dlalm'*

Cb>

"(m)

(I)

cdaftnG)

Eataot(D

S1,1PORtfMlBp

andc,IN

<--<'>
owrm1

mt.00

932,AM

1,4'04,022

(471.538)

NIA

NIA

NIA

1,597.074

348.430

1).48,844

NIA

NIA

NIA

325,370

NIA

NIA

NIA

321,370

748,4113

2.299,9111

NIA

NIA

NIA

2.289,998

1,174,798

411,708

893.090

NIA

NIA

NIA

693,090

1,123,713

1,000.217

123,498

NIA

N.IA

NIA

123,499

310,088

122.111

(191,751)

NIA

N.IA

N.IA

2,011,3M

1,574,SIOe

43&,452

NIA

NIA

WA

(77,182)

NIA

NIA

NIA

(77,182)

NIA

NfA

NIA

NIA

NIA

NIA

NIA

NIA

NIA

(595)

1,949,ffl

(471,531)

1.241,844

(111,761)
438,.SZ

03ft(W3

8ldy

HaMni UfMlllY

OIS/18.402 CMl1MJ7

1,000,000

1,017,182

Secully

KraftFoodl.Inc.

10/21182

04IZW7

12

FPLOn,up.Inc.

10I07188

04l2&t1

818,154

111,.cea

8curlly

Bloldl1dgeFlnandal
8olUllanl

0&119/11'/

429,eel

'30,251

2,310,17-4

1,G>.203

799,371

NIA

NIA

NIA

790,371

818.112

184,344

431,831

NIA

NIA

NIA

431,838

10l2IWI

10/03IU0
01131A>1
0Sf1Ml2

e
M4.488

<

344,.ae

OY1CW3
8ecufy

ClnlaCDrp.

!
N

,,:,,.

CJ11118/07

CJlW8ID5

{/)

G31D7195

12'22m

FPLCroup,IM

10l2BIDS OS/18'07

IARAHSCAln.FOUNOA110N
INCORPOIIAT!D
SCHEOUI..E
OF GAINS(LOSSES)FORTAXON IHVE81'MENT
INCOME

FOR.TtfE
YEAR
ENDED
sgeyam ;,1,2QIU
<>

(b)

Security

(C)

(d)

<>

(1)

P.Purchae

ONctloUon
KraftFooda, Inc.

FalrMacttel
Value11ol

Caito,
OU.Bull

Oat.

O-OonatedAmukid
p

(I)

(h)

(Ol

How
Acquired

KhJof
~

1<Y12182

DlttlSotd
Maknd

0n,a,
~

OS,18'07

7,012,284

Ind~
al.Sale

Gatn(loa)

ffilmlhl

2,388,813

Oecemblr
31.1989

(I)

.00

, (I)

l.ol111fram
cotumnO)

AdlUlted&pense of G)
CoatBall

mtAl

lndgalnt

(IIDlll(I)
CMWm}

4,fS21S,,.,51

NIA

NIA

NIA

4,821,461

183.2U

NIA

NIA

NIA

183,285

10/12101
111011D2
10/14'03
~Iffy

LitClal:lame,Inc.

03/13'03

0!111M>7

1,175,839

992.94

Security

Marshal& HallyCorp.

OIWTIOS

0511Ml7

1,71!,&64

1,530,128

185,435

NIA

NIA

NIA

185,'35

Seau,tty

MantiLynch&Co.,

10/'25'a5
1~

C)511MJ7

1,291,eea

311.l508

843,180

NIA

NIA

NIA

943,180

StrykerCofp.

ar.aws

os,ta,t:,7

2,371,897

1,803,0U

888,812

NIA

NIA

NIA

891,812

1,712,949

1,430,11&7

281,982

NIA

NIA

NIA

281,952

Inc.

S.Ully

8l22I08
a.cudty

Marth91& IlsleyCorp.

02.l231D9
0&1>7IOIS

0!11181DT

NWIMffl
lffV'lltlMntl.Ina.

CJ&f1Ml8

0912~7

i21,7!0

880,248

241.!()4

NIA

NIA

NIA

241,904

Stc!Ufly

09/2,WJ

817,080

498.847

171.233

NIA

178,233

OMQI08

NIA

NIMilnlrlVllltmentl,
Inc.

NIA

Seautfy

09,W07

713,SU

147,847

WA

NIA

NIA

8Y600Cotp.

01127Jb1

IS81,2DO

147,947

WA

NIA

SYSCOCOip.

713,343

148,517

Seeudly

09l'lAI07

NIA

08127AJ1

859,880

148,IS17

NIA

Smarty

447,fS27

1,310,327

1,788,954

NIA

1M0.'08

~7

NIA

1,310,327

Amgen,lnc.

2,433,m

1,201,001

NIA

1,232,372

0912M17

NIA

10l12m1

1,2SZ.372

Cbnn)n

NIA

s-..liy

0912Ml7

384,380

351,117

NIA

NIA

32.883

0912QI05

NIA

~.Inc.

32,583

8-.tty

0912!1D7

2.163.144

NIA

NIA

11122J05

1,993,452

(189,892)

NIA

~Cos.Inc.

(189,892)

Se'CldV

8IIMlty

,,

en
:i:,

!
N
,a:.

OcMpundlon

IARAHICAIPEFOUNDA110N
IHCORPORA1'ED
OFGAINS(l.OSSES)
FORTAXOHINVESTMENT
INCOME
SCHEDULE
B1RJHE
YEAR
ENDED
DE<cJ!MBffl
31,20Q7
(1)

(b)

(c)

(cl)

(e)

How

PIPPO~

P.Puldwe
Qi)gnlted

Dlaq1glkzo

Dale

AmUJrld

Oate/Sold
Mahgd

GIUla

ePA

Nuveenlnwatmenll, Inc.

05119'08

09flM>7

Securly

OmlncamGleup, Inc.

12fl2A>3

09l2MJ1

823,738

81CUtfly

PIOdar& GambleOo.

09f10I02

09l2MJ7

1,471,280

8ecully

lntemaUanatButlne11
Madllnel, lnc.

03121185

11/21,01

Seaatly

UnlllldhalthGrvup,lrtc.

O!l1CW4

11/21,07

Seawlly

American~

O!ll1M>O
1CW3IOO
0113!,01

11121"'17

1Q.f1..,,3

Tcul

Cl.I

I
t\)
,I:.

q(-

Valulasof

OthlrBula

Seaurlly

Co.

(I)

0)

(k)

(Q

Lot111fnlm

Acqund

l<lndof

(h)

(g)

(f)

and~

Gttl (lou)

o.c.mblr

fflMt(b)

31,lffl

CdlumllG)
andgalnl
AdlUltedEJlpenH of 0) (ama (Q

ca,tBMII

antOO

mum

1,380,482

478,183

NIA

NIA

NIA

478.183

~.485

70,261

NIA

NIA

NIA

70.251

989,948

801,332

NIA

NIA

NIA

501,332

4J$t,7JJ57

3.885.02'0

ffl.837

NIA

NIA

NIA

972,837

3,394,1588

1,980,.C55

1,414,233

NIA

NIA

NIA

2.21uoa

1JPZ,Q31

418,m

NIA

NIA

NIA

NIA

NIA

NIA

1,838,895

S 58,763.13e I 39.981,302 I 19,773.ffl

1,414,231

418,W
S19.ffl.77J