barbara and barrie seid foundation 363342443 2010 077d83fesearchable

7/23/2019 Barbara and Barrie Seid Foundation 363342443 2010 077d83feSearchable

1/20

GRAPHIC print - DO NOT PROCESS

I

As Filed Data - I DLN:934912230075511

Return of Private Foundation

OMB No 1545-0052

f he Treasury

Revenue ervice

or Section 4947(a)(1) Nonexempt Charitable Trust

Treated as a Private Foundation

Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements

calendar year 2010, or tax year beginning 01-01-2010 , and ending 12-31-2010

all that apply

r

In1t1al return

r A mended return

r

In1t1al return of a former public charity

r

Final return

r Address change r Name change

2010

A Employer identification number

AND BARRE SEID FOUNDATION

36-3342443

and street (or PO box number 1f

mail 1snot delivered to street address) Room/suite

B Telephone number (see page 10 of the instructions)

(773) 869-1111

, state, and ZIP code

C If

exemption application 1s pending, check here

IL 606091404

D 1.

Foreign organ1zat1ons, check here

P ection 501(c)(3) exempt private foundation

2. Foreign organ1zat1ons meeting the 85% test,

4947(a)(1) nonexempt charitable trust r Other taxable private foundation

check here and attach computation

rket value of all assets at end

J Accounting method P ash r Accrual

E

If

private foundation status was temnmated

under section 507(b)(l)(A), check here

from Part II, col. c),

r

Other (specify)

-

F

If

the foundation 1s n a 60-month termination

16) .... 1,682,97 2

Part I, column d) must be on cash basis.)

under section 507(b)(l)(B), check here

'

'

'

'

'

Analysis of Revenue and Expenses The

(a) Revenue and

(d) D1sbu sements

total of amounts m columns b), c), and d) may not

(b) Net investment (c) Adjusted net for charitable

expenses per

necessanly equal the amounts m column a) (see page 11 of

books

income income purposes

the mstmctwns) )

( cash basis only)

1 Contributions, gifts, grants, etc, received (attach schedule)

2

Check .... p- 1f he foundation 1snot required to attach Sch B

3

Interest on savings and temporary cash investments

168 168 168

4

D1v1dends and interest from securities.

526,238 526,238 526,238

Sa

Gross rents

b

Net rental income or (loss)

6a

Net gain or (loss) from sale of assets not on line 10

b

Gross sales price for all assets on line 6a

7

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

342,898

8

Net short-term capital gain

9

Income mod 1f1cat1ons

10a Gross sales less returns and allowances

I

b

Less Cost of goods sold

I

c

Gross profit or (loss) (attach schedule)

11

Other income (attach schedule)

12

Total. Add lines 1 through 11

526,406 869,304 526,406

13

Compensation of officers, directors, trustees, etc

14

Other employee salaries and wages

15

Pension plans, employee benefits

Legal fees (attach schedule).

', ;

806

16a

b

Accounting fees (attach schedule).

', ;

1,550

c

Other professional fees (attach schedule)

17

Interest

18 Taxes (attach schedule) (see page 14 of the instructions)

', ;

4,125

19

Deprec1at1on (attach schedule) and depletion

20

Occupancy

21

Travel, conferences, and meetings

Printing and publ1cat1ons

22

23

Other expenses (attach schedule)

', ;

6,260 6,260 6,260

Total operating and administrative expenses.

24

A d d I nes 1 3 through 2 3

12, 741 6,260 6,260 0

25

Contributions, gifts, grants paid.

2,040,672 2,040,672

26 Total expenses and disbursements. Add Imes 24 and 25

2,053,413 6,260 6,260 2,040,672

27 Subtract line 26 from line 12

a Excess of revenue over expenses and disbursements

-1,527,007

b

Net investment income (1f negative, enter -0-)

863,044

c

Adjusted net income (1f negative, enter -0-)

520, 146


2/20

990-PF (2010)

Page 2

Attached schedules and amounts in the description column

Beginning of year End of year

Balance Sheets should be for end-of-year amounts only (See instructions )

(a) Book Value (b) Book Value (c) Fair Market Value

1

Cash-non-interest-bearing.

2

Savings and temporary cash investments

1,401,833 676,517 676,517

3

Accounts receivable,...

Less

allowance for doubtful accounts,...

4

Pledges rec e 1va ble , ...

Less


5

Grants receivable

6

Receivables due from officers, directors, trustees, and other

d1squal1f1ed persons (attach schedule) (see page 15 of the

1nstruct1ons).

7

Other notes and loans receivable (attach schedule),...

Less


185,000 185,000 185,000

8

Inventories for sale or use

9

Pre pa 1d ex pens es and deferred charges

Investments-Li S

and state government obl1gat1ons (attach schedule)

b

Investments-corporate stock (attach schedule)

c

Investments-corporate bonds (attach schedule).

1,280,248 821,455 821,455

Investments-land, buildings, and equipment

bas 1s ,...

Less

accumulated deprec1at1on (attach schedule),.. .

Investments-mortgage loans

Investments-other (attach schedule)

Land, buildings, and equipment

bas 1s ,...

Less

accumulated deprec1at1on (attach schedule),.. .

Other assets (describe,...

)

Total assets (to be completed by all filers-see the

1nstruct1ons Also, see page 1, item I)

2,867,081 1,682,972 1,682,972

Accounts payable and accrued expenses

Grants payable

Deferred revenue

Loans from officers, directors, trustees, and other d1squal1f1ed persons

Mortgages and other notes payable (attach schedule)

Other l1ab1l1t1es (describe,...

)

Total liabilities (add lines 17 through 22)

0

Foundations that follow SFAS 117, check here ,...

'

nd complete lines 24 through 26 and lines 30 and 31.

Unrestricted

Temporarily restricted

Permanently restricted

Foundations that do not follow SFAS 117, check here

,...

p-

and complete lines 27 through 31.

Capital stock, trust principal , or current funds

2,867,081 1,682,972

Pa1d-1n or capital surplus, or land, bldg, and equipment fund

Retained earnings, accumulated income, endowment, or other funds

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

1nstruct1ons).

2,867,081 1,682,972

Total liabilities and net assets/fund balances (see page 17 of

the Ins truct1ons)

2,867,081 1,682,972

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beg1nn1ng of year-Part II, column (a), line 30 (must agree

with end-of-year figure reported on prior year's return)

1

2,867,081

Enter amount from Part I, line 27a

2

-1,527,007

Other increases not included 1n line 2 (1tem1ze),...

3 342,898

Add lines 1, 2, and 3 4 1,682,97 2

Decreases not included 1n line 2 (1tem1ze),...

5

Total net assets or fund balances at end of year (line 4 minus line 5)-Part II, column (b), line 30 6 1,682,97 2

Form 990-PF (2010)


3/20

990-PF (2010)

Page

3

Capital Gains and Losses for Tax on Investment Income

a) List and describe the k1nd(s) of property sold (e g, real estate,

b) How acquired

c) Date acquired d) Date sold

P-P urc hase

2-story brick warehouse, or common stock, 200 shs M LC Co)

D-Donat1on

(mo, day, yr) (mo, day, yr)

140000 APPALACHIAN PWR CO 6 375%

p

2009-03-18 2010-12-23

200000 GE CAP CORP 5 875%

p

2008-10-28 2010-12-23

200000 INTL PAPER CO 8 7%

p

2008-11-18 2010-12-23

170565 UNITSPVPTL SEP UNSECURED A PART NOTES

p

2002-12-31 2010-12-31

e) Gross sales price

f)

Deprec1at1on allowed

g)

Cost or other basis

h)

Gain or (loss)

(or allowable) plus expense of sale (e) plus (f) minus (g)

135,800 0 111,169 24 ,6 31

201,800 0 146,086 55,714

242,500 0 150,512 91,988

170,565 0 0 170,565

Complete only for assets showing gain 1n column (h) and owned by the foundation on 12/31/69

I) Gains (Col (h) gain minus

j) AdJusted basis k) Excess of col (1)

col

(k), but not less than -0-) or

i) F M V as of 12/31/69

as of12/31/69 over col (J), 1f any

Losses (from col (h))

0 0 0 24 ,6 31

0 0 0 55,714

0 0 0 91,988

0 0 0 170,565

f gain, also enter 1n Part I, line 7

}

Capital gain net income or (net capital loss)

If (loss), enter -0- 1n Part I, line 7

2

342,898

Net short-term capital gain or (loss) as defined 1n sections 1222(5) and (6)

If gain, also enter 1n Part I, line 8, column (c) (see pages 13 and 17 of the 1nstruct1ons)

}

f (loss), enter -0-

1n Part I, line 8

3

..

Quahf1cat1on Under Section 4940 e) for Reduced Tax on Net Investment Income

use by domestic private foundations subJect to the section 4940(a) tax on net investment income)

4940(d)(2) applies, leave this part blank

foundation liable for the section 4942 tax on the distributable amount of any year 1n the base period?

the foundation does not qualify under section 4940(e) Do not complete this part

I Yes P- No

Enter the appropriate amount 1n each column for each year, see page 18 of the 1nstruct1ons before making any entries

(a)

b) (c)

d)

Adjusted qualifying d1stnbut1ons

Net value of nonchantable-use assets

D1stnbut1on atio

( or tax year beg nning in) (col ( b) d 1v1ded y col (c))

2009 1,691,878 3,510,650 0 481927

2008 1,728,964 5,092,708 0 339498

2007 2,128,874 3,425,110 0 621549

2006 5,029,778 6,370,136 0 789587

2005 3,102,332 6,391,234 0 485404

Total

of line 1, column (d). 2 2717965

Average d1stribut1on ratio for the 5-year base period-d1v1de the total on line 2

by5,orby

the number of years the foundation has been 1n existence 1f less than 5 years

3 0 543593

Enter the net value of noncharitable-use assets for 2010 from Part X, line 5. 4 2,332,391

Multiply line 4 by line 3.

5 1,267,871

Enter 1% of net investment income (1% of Part I, line 27b). 6 8,630

Add l ines 5 and 6.

7

1,276,501

Enter qual1fy1ng d1stribut1ons from Part XII, l ine 4. 8 2,040,67 2

Ifl1ne 8 1s equal to or greater than line 7, check the box 1n Part VI, line lb, and complete that part using a 1% tax rate See

the Part VI 1nstruct1ons on page 18

Form

990-PF

(2010)


4/20

990-PF (2010)

Page 4

Excise Tax Based on Investment Income Section 4940 a), 4940 b), 4940 e), or 4948 see page 18 of the instructions)

Exempt operating foundations described in section 4940(d)(2) , check here ,... I and enter N/A on line 1

Date of ruling or determ1nat1on letter attach copy of letter if necessary-see

instructions)

Domestic foundations that meet the section 4940(e) requirements 1n Part V, check

here,... p-and enter 1% of Part I, line 27b

All other domestic foundations enter 2% of line 27b Exempt foreign organizations enter 4% of Part I, line 12, col (b)

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

Add l ines 1 and 2.

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

Tax based on investment income. Subtract line 4 from line 3 If zero or less, enter -0-.

Credits/Payments

.

.

2010 estimated tax payments and 2009 overpayment credited to 2010

6a

5,699

Exempt foreign organ1zat1ons-tax withheld at source

6b

Tax paid with appl1cat1on for extension oft1me to file (Form 8868)

Backup w1thhold1ng erroneously withheld.

6c 6,300

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

Enter any

penalty

for underpayment of estimated tax Check here p- 1f Form 2220 1s attached

Tax due.

If the total of lines 5 and 8 1s more than line 7, enter

amount owed

.

Overpayment. If line 7 1s more than the total of lines 5 and 8, enter the amount overpaid. ,...

Enter the amount of line 10 to be Credited to 2011 estimated tax ,... 3,368

I

Refunded,...

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local leg1slat1on or did

1t part1c1pate or intervene 1n any pol1t1cal campaign?

1

2

3

4

5

7

8

9

10

11

Did 1t spend more than $100 during the year (either directly or 1nd1rectly) for pol1t1cal purposes (see page 19 of

the 1nstruct1ons for def1n1t1on)?

If the answer is Yes to la or lb attach a detailed descnpt1on of the act1v1t1es and copies of any materials

published or d1stnbuted by the foundation n connection with the act1v1t1es.

D 1d the foundation f1 e

Form 1120-POL

for this year?.

Enter the amount (1f any) of tax on pol1t1cal expenditures (section 4955) imposed during the year

1) n the foundation ,... $ 2) n foundation managers ,... $ _______ _

Enter the reimbursement (1f any) paid by the foundation during the year for pol1t1cal expenditure tax imposed

on foundation managers ,... $ ---------

Has the foundation engaged 1n any act1v1t1es that have not previously been reported to the IRS?

If Yes, attach a detailed descnpt1on of the act1v1t1es.

Has the foundation made any changes, not previously reported to the IRS, 1n its governing instrument, articles

of 1ncorporat1on, or bylaws, or other s1m1lar instruments? If Yes, attach a conformed copy of the changes

Did the foundation have unrelated business gross income of $1,000 or more during the year?.

If Yes, has 1tf1led a tax return on

Form990-Tforth1s

year?.

Was there a l1qu1dat1on, term1nat1on, d1ssolut1on, or substantial contraction during the year?

If Yes, attach the statement required by General Ins truct1on T.

A re the req u1re me nts of s ect1on 5 0 8 (e) (re lat1ng to s ect1ons 4 941 through 4 94 5) s at1s f1ed e 1the r

By language 1n the governing instrument, or

By state leg1slat1on that effectively amends the governing instrument so that no mandatory d1rect1ons

that conflict with the state law remain 1n the governing instrument?

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

Enter the states to which the foundation reports or with which 1t 1s registered (see page 19 of the

8,630

8,630

8,630

11,999

1

3,368

Yes

No

la

No

lb No

le

No

2 No

3

No

4a

No

4b

5

No

6 Yes

7

Yes

1nstruct1ons) ,..._IL___________________________________________ _

If the answer 1s Yes to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G?

If No, attach explanation.

Is the foundation cla1m1ng status as a private operating foundation w1th1n the meaning of section 4942(J)(3)

or 4942(J)(5) for calendar year 2010 or the taxable year beg1nn1ng 1n 2010 (see 1nstruct1ons for Part XIV on

page 2 7 )?

If Yes, complete Part XIV

Did any persons become substantial contributors during the tax year?

If Yes, attach a schedule /Jstmg heir names and addresses

Sb Yes

9 No

10 No

Form 990-PF (2010)


5/20

Statements Regarding Activities

continued)

Atanyt1m e during the year, did the foundation, directly or 1nd1rectly, own a controlled entity w1th1n the

meaning

of section 512(b)(13)? If Yes, attach schedule

(see page 20 of the 1nstruct1ons).

Did the fo

D 1d the fo

undat1on acquire a direct or 1nd1rect interest 1n any applicable insurance contract before August 17, 2008?

undat1on comply with the public 1nspect1on requirements for its annual returns and exemption appl1cat1on?

11

12

13 Yes

The books are 1n care of ... BLOOMA STARK ARONBERG GOLDGEHN DAVI

Located at ....300 N WABASH 1700 CHICAGO IL

Telephone no .... 312) 828-9600

ZIP+4 ....60611

No

No

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

Section 494 7(a)(1) nonexempt charitable trusts f1l1ng Form 990-PF 1n lieu of Form 1041-Check here

and enter the amount of tax-exempt interest received or accrued during the year.

.

.... 15

At any time during calendar year 2010, did the foundation have an interest 1n or a signature or other author ity over

a bank, securities, or other f1nanc1al account 1n a foreign country?

See page 20 of the 1nstruct1ons for exceptions and f1l1ng requirements for Form TD F 90-22 1 If Yes , enter the

name of the foreign country ....

VII B

Statements ReqardinQ Act1v1t1es for Which Form 4720 Mav Be Required

File Form 4720 if any item is checked in the Yes column, unless an exception applies.

During the year d 1d the foundation (e 1the r d 1rectly or ind I rectly)

( 1) Engage In the sale or exchange, or leas Ing of property with a d 1squa I 1f1ed person?

2) Borrow money from, lend money to, or otherwise extend credit to (or accept 1t from)

a d1squal1f1ed person?.

(3)

Furn1s h goods, s e rv 1ces, or fac 1l1t1es to (or accept them from) a d 1squa I 1f1ed person?

(4)

Pay c ompe ns at1on to, or pay or re I mburs e the ex pens es of, a d 1squa I 1f1ed person?

(5) Transfer any income or assets to a d1squal1f1ed person (or make any of either available

for the benefit or use of a d1squal1f1ed person)?.

I Yes

I

Yes

I Yes

I Yes

I

Yes

F No

F

No

F No

F No

F

No

(6)

Agree to pay money or property to a government off1c1al?

(Exception.

Check No

1fthe foundation agreed to make a grant to or to employ the off1c1al for a period

after term1nat1on of government service, 1f term1nat1ng w1th1n 90 days ).

I Yes F No

If any answer 1s Yes to la(l)-(6), did any of the acts fall to qualify under the exceptions described 1n Regulations

section 53 4941(d)-3 or 1n a current notice regarding disaster assistance (see page 20 of the 1nstruct1ons)?.

O rgan1zat1ons relying on a current notice regarding disaster assistance check here.

Did the foundation engage 1n a prior year 1n any of the acts described 1n la, other than excepted acts,

that were not corrected before the first day of the tax year beg1nn1ng 1n 2010?.

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined 1n section 4942(J)(3) or 4942(J)(5))

At the end of tax year 2010, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beg1nn1ng before 2010?.

I Yes F No

If Yes, list the years .... 20 __ , 20 __ , 20 __ , 20 __

Are there any years listed 1n 2a forwh1ch the foundation 1s

not

applying the prov1s1ons of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year's undistributed income? (If applying section 4942(a)(2)

to

all

years listed, answer No and attach statement-see page 20 of the 1nstruct1ons).

If the prov1s1ons of section 4942(a)(2) are being applied to any of the years listed 1n 2a, list the years here

.... 20 __ , 20 __ , 20 __ ,

20

D 1d the foundation hold more than a 2 % d I rect or ind I rect I nte rest In any bus 1nes s

enterprise at any time during the year?.

I

Yes

F

No

If Yes, d1d 1t have excess business holdings 1n 2010 as a result of(l) any purchase by the foundation

or d1squal1f1ed persons after May 26, 1969,

2)

the lapse of the 5-year period (or longer period approved

by the Comm1ss1oner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest, or (3)

the lapse of the 10-, 15-, or 2 0-yea r first phase hold 1ng pe nod?

Use Schedule

C,

Form 4720, to determine

if the foundation had excess business holdings in 2010.).

Did the foundation invest during the year any amount 1n a manner that would Jeopardize its charitable purposes?

Did the foundation make any investment 1n a prior year (but after December 31, 1969) that could Jeopardize its

charitable purpose that had not been removed from Jeopardy before the first day of the tax year beg1nn1ng 1n 2010?

..

16 No

Yes No

lb

le No

2b No

3b

4a No

4b No

Form

990-PF

(2010)


6/20

Statements Regarding Activities for Which Form 4720 May Be Required

(continued)

During the year did the foundation pay or incur any amount to

(1) Carry on propaganda, or otherwise attempt to influence leg1slat1on (section 4945(e))?

I Yes

p-

No

(2) Influence the outcome of any spec1f1c public election (see section 4955), or to carry

on, directly or 1nd1rectly, any voter reg1strat1on drive?.

I

Yes

p-

No

(3) Provide a grant to an 1nd1v1dual for travel, study, or other s1m1lar purposes?

I

Yes

p-

No

(4) Provide a grant to an organ1zat1on other than a charitable , etc, organ1zat1on described

1n section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the 1nstruct1ons).

I Yes

p-

No

(5) Provide for any purpose other than rel1g1ous, charitable, sc1ent1f1c, literary, or

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

I Yes

p-

No

If any answer 1s Yes to 5a(1)-(5), did

any

of the transactions fall to qualify under the exceptions described 1n

Regulations section 53 4945 or 1n a current notice regarding disaster assistance (see page 22 of the 1nstruct1ons)?

Sb

O rgan1zat1ons relying on a current notice regarding disaster assistance check here.

.Jrr-

If the answer 1s Yes to question 5a(4), does the foundation claim exemption from the

tax because 1t ma1nta1ned expenditure respons1b1l1ty for the grant?.

I Yes I No

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

D 1d the foundat ion, during the year, rec e 1ve any funds, d 1rectly or ind

I

rectly, to pay

premiums on a personal benefit contract?.

I

Yes f7 No

Did the foundation, during the year, pay premiums, directly or 1nd1rectly, on a personal benefit contract?. 6b No

If Yes to 6b file Form 8870.

At any time dur ing the tax year, was the foundation a party to a proh1b1ted tax shelter transaction?

I

Yes f7 No

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

7b

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

and Contractors

all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).

(b) Title, and average (c) Compensation (d) Contributions to

(e)

Expense account,

(a)

Name and address hours per week

(If not paid, enter

employee benefit plans

other allowances

devoted to pos1t1on

-0-)

and deferred compensation

SEID

PRES/TREAS 0 0

1 00

LANDIS-SEID

SECY 0 0

0 10

DIRECTOR 0 0

1 00

Compensation of five highest-paid employees (other than those included on line 1-see page 23 of the instructions).

If none, enter

NONE.

(d) Contributions to

0

0

0

(b) Title, and average

Name and address of each employee

hours per week

(c)

Compensation

employee benefit

(e)

Expense account,

paid more than $50,000

devoted to pos1t1on

plans and deferred other allowances

compensation

number of other employees pa 1d over$ 5 0 ,0 0 0.

,,..

0

Form 990-PF (2010)


7/20

990-PF (2010) Page 7

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

il I IW

and Contractors continued)

Five highest-paid independent contractors for professional services (see page 23 of the instructions).

If

none, enter NONE .

Name and address of each person paid more than 50,000 (b) Type of service (c) Compensation

number of others rece1v1ng over 50,000 for professional services.

....

0

Summary of Direct Charitable Activities

four largest direct charitable act1v1t1es uring the tax year Include relevant stat1st1cal nformation such as the number of

Expenses

served, conferences convened, research papers produced, etc

--==-:

Summary of Program-Related Investments (see paqe 24 of the instructions)

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

A mount

other program-related investments

See page 24 of the 1nstruct1ons

Add lines 1 through 3. ....

I

Form 990-PF (2010)


8/20

990-PF (2010) Page 8

Minimum Investment Return All domestic foundations must complete this part. Foreign foundations,

see paqe 24 of the instructions.)

Fair market value of assets not used (or held for use) directly 1n carrying out charitable, etc,

purposes

Average monthly fair market value of securities.

la

1,383,633

Average of monthly cash balances.

lb

984,277

Fair market value of all other assets (see page 24 of the 1nstruct1ons).

le

0

(add lines la, b, and c).

ld

2,367,910

Reduction claimed for blockage or other factors reported on lines la and

le (attach detailed explanation).

I

le

I

Acqu1s1t1on indebtedness applicable to line 1 assets.

2

Subtract line 2 from line ld. 3 2,367,910

Cash deemed held for charitable act1v1t1es Enter 1 1/2 ofl1ne 3 (for greater amount, see page 25

of the 1nstruct1ons). 4 3 5 ,519

Net value of noncharitable-use assets. Subtract line 4 from line 3

Enter here and on Part V,

line 4 5 2,332,391

Minimum investment return. Enter 5 of line 5. 6 116,620

Distributable Amount (see page 25 of the instructions) (Section 4942(J)(3) and (J)(5) private operating

r

oundations and certain fore1qn orqarnzat1ons check here,... and do not complete this part.)

M1n1mum investment return from Part X, line 6. 1 116,620

Tax on investment income for 2010 from Part VI, line 5.

I

2a

I

8,630

Income tax for 2010 (T h Is does not I n c I u de the tax from P a rt V I )

I

2b

I

Add lines 2a and 2b.

2c

8,630

Distributable amount before adJustments Subtract line 2c from line 1.

3

107 ,990

Recoveries of amounts treated as qual1fy1ng d1stribut1ons. 4

Add lines 3 and 4. 5 107 ,990

Deduction from distributable amount (see page 25 of the 1nstruct1ons). 6

Distributable amount as adJusted Subtract line 6 from line 5 Enter here and on Part XIII,

line 1.

7

107 ,990

Qualifying Distributions (see page 25 of the instructions)

A mounts paid (1nclud1ng adm1n1strat1ve expenses) to accomplish charitable, etc, purposes

Expenses, contributions, gifts, etc -total from Part I, column (d), line 26. la 2,040,67 2

Program-related investments-total from Part IX-B.

lb

A mounts paid to acquire assets used (or held for use) directly 1n carrying out charitable, etc,

purposes. 2

A mounts set aside for spec1f1c charitable proJects that satisfy the

Su1tab1l1ty test (prior IRS approval required). 3a

Cash d1stribut1on test (attach the required schedule). 3b

Qualifying distributions.

Add lines la through 3b Enter here and on Part V, line 8, and Part XIII, line 4 4 2,040,67 2

Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income Enter 1 of Part I, line 27b (see page 26 of the 1nstruct1ons). 5 8,630

Adjusted qualifying distributions. Subtract 11 e 5 from 11 e 4. 6 2,032,042

Note:

The amount on line 6 will be used 1n Part V, column (b), 1n subsequent years when calculating whether the foundation qual1f1es for

the section 4940(e) reduction of tax 1n those years

Form 990-PF (2010)


9/20

Undistributed Income (see paqe 26 of the instructions)

a) b) c) d)

Corpus Years prior to 2009 2009 2010

Distributable amount for 2010 from Part XI, line 7

107,990

Undistributed income, 1fany, as of the end of2010

Enter amount for 2009 only.

Total for prior years 20

__

20

__

20

--

Excess d1stribut1ons carryover, 1f any, to 2010

From 2005.

2, 789, 797

From 2006.

5,033,916

From 2007.

2, 128,874

From 2008.

1,480,856

From 2009. 1,521,632

of lines 3a through e.

12,955,075

1fy 1ng d 1s ri but1ons for 2 0 10 from Pa rt

line 4

..... 2,040,672

ppl1ed to 2009, but not more than

line 2a

ppl1ed to undistributed income of prior years

required-see page 26 of the 1nstruct1ons)

as d1stribut1ons out of corpus (Election

required-see page 26 of the 1nstruct1ons).

2010 distributable amount.

107,990

amount distributed out of corpus

1,932,682

Excess d1stribut1ons carryover applied to 2010

If an amount appears

n

column d), the

must be shown n column a).)

Enter the net total of each column as

indicated below:

lines 3f, 4c, and 4e Subtract line 5

14,887, 757

years undistributed income

Subtract

e 4 b from I n e 2 b

amount of prior years undistributed

for which a notice of def1c1ency has

sued, or on wh1c h the s ect1on 4 9 4 2 (a)

has been previously assessed.

line 6c from line 6b Taxable

page 27 of the 1nstruct1ons.

nd1stributed income for 2009 Subtract line

from line 2a Taxable amount-see page 27

the 1nstruct1ons

d income for 2010 Subtract

from line 1 This amount must

distributed 1n 2011 0

mounts treated as d1stribut1ons out of

to satisfy requirements imposed by

170(b)(l)(F) or4942(g)(3) (see page 27

the 1nstruct1ons).

carryover from 2005 not

on line 5 or line 7 (see page 27 of the

2, 789, 797

distributions carryover to 2011.

lines 7 and 8 from line 6a.

12,097,960

nalys1s of line 9

E x c es s from 2 0 0 6

5,033,916


2, 128,874


1,480,856


1,521,632

E x c es s from 2 0 1 0 1,932,682

Form 990-PF (2010)


10/20

Foundations

see a e

27 of the instructions and Part VII-A uest1on 9

the foundation has received a ruling or determ1nat1on letter that 1t 1s a private operating

, and the ruling 1s effective for 2010, enter the date of the ruling. ...-~------------------

box to 1nd1cate whether the organ1zat1on IS a private operating foundation described In section r 4942(J)(3) or r 4942(J)(5)

Enter the lesser of the adJusted net

Tax year P ri or 3 ye a rs

income from Pa rt I or the m1n1mum

(e) Total

1nves tme nt return from Pa rt

X

for each

(a) 2010 (b) 2009 (c) 2008 (d) 2007

year listed.

85% ofl1ne 2a.

Ing d 1s ribut1ons from Pa rt XI I

line 4 for each year listed.

exempt act1v1t1es

Q ual1fy1ng d1stribut1ons made directly

active conduct of exempt act1v1t1es

Subtract line 2d from line 2c

3a, b, or c for the

alternative test relied upon

Assets alternative test-enter

(1) Value of all assets

(2) Value of assets qual1fy1ng

under section 4942(J)(3)(B)(1)

Endowment alternative test- enter 2/3

of m1n1mum investment return shown 1n

Part

X

line 6 for each year listed.

Support alternative test-enter

(1) Total support other than gross

investment income (interest,

d1v1dends, rents, payments

on securities loans (section

512(a)(5)), or royalties).

(2) Support from general public

and 5 or more exempt

organ1zat1ons as provided 1n

section 4942 (J)(3 )(8)(111).

(3) Largest amount of support

from an exempt organ1zat1on

(4) Gross investment income

.t

Supplementary Information (Complete this part only if the organization had 5,000 or more in

assets at any time during the year-see page 27 of the instructions.)

Regarding Foundation Managers:

any managers of the foundation who have contributed more than 2% of the total contr ibutions received by the foundation

close of any tax year (but only 1f they have contributed more than $5,000) (See section 507 (d)(2))

NONE

of the foundation who own 10% or more of the stock of a corporation (or an equally large por tion of the

of a partnership or other entity) ofwh1ch the foundation has a 10% or greater interest

NONE

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

.,_p

1fthe foundation only makes contributions to preselected charitable organ1zat1ons and does not accept

requests for funds If the foundation makes gifts, grants, etc (see page 28 of the 1nstruct1ons) to 1nd1v1duals or organ1zat1ons

cond1t1ons, complete items 2a, b, c, and d

The name, address, and telephone number of the person to whom appl1cat1ons should be addressed

The form 1n which appl1cat1ons should be submitted and 1nformat1on and materials they should include

subm1ss1on deadlines

Any restrict ions or l1m1tat1ons on awards, such as by geographical areas, chari table fields, kinds of 1nst1tut1ons, or other

facto rs

Form 990-PF (2010)


11/20

990-PF 2010)

Page 11

Supplementary Information

continued)

Contributions Paid During the Year or Approved for Future Payment

Rec1p1ent

If

rec1p1ent 1s an 1nd1v1dual,

Foundation

show any relat1onsh1p to Purpose of grant or

any foundation manager

stat us of

contribution

A mount

address home or business)

or substantial contributor

rec1p1ent

dunng the year

ATTACHED SCHEDULE PUBLIC UN RESTRICTED 2,040,67 2

US, IL 60609

a 2,040,67 2

for future payment

I

b

Form

990 PF

2010)


12/20

Analysis of Income-Producing Activities

ounts unless otherwise 1nd1cated

ser vice revenue

Fees and contracts from government agencies

p dues and assessments.

vings and temporary cash investments

I

nd interest from securities.

ncome or (loss) from real estate

need property.

Debt-f1na

I inc

f1na nc ed property.

ome or (loss) from personal property

tment income.

from sales of assets other than inventory

or (loss) from special events

tor (loss) from sales of inventory.

a

___ _

___ _

___ _

___ _

A dd columns (b), (d), and (e).

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

Unrelated business income

a) b)

Business code A mount

worksheet 1n line

13

1nstruct1ons on page

28

to verify calculations

Excluded by section

512, 513,

or

514

e)

Related or exempt

c) d)

function income

Exclusion code A mount

(See page

28

of

the 1nstruct1ons )

168

526,238

342,898

869,304

. 13 __________ 8_6_9~,3_0_4

Relationshi of Activities to the Aecom lishment of Exem t Pur oses

Explain below how each act1v1ty for which income 1s reported 1n column (e) of Part XVI-A contributed importantly to

..

the accomplishment of the organ1zat1on s exempt purposes

(other than by prov1d1ng funds for such purposes) (See

page

28

of the 1nstruct1ons)

FOUNDATION IS A PASSIVE INVESTOR

Form 990-PF 2010)


13/20

990-PF (2010)

Information Regarding Transfers To and Transactions and Relationships With

Noncharitable Exempt Organizations

Page 13

the organization directly or indirectly engage in any of the following with any other organ1zat1ondescribed in section

(other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes No

from the reporting foundation to a noncharitable exempt organ1zat1on of

Cash.

ther assets.

Sales of assets to a noncharitable exempt organ1zat1on.

Purchases of assets from a noncharitable exempt organ1zat1on.

Rental offac1l1t1es, equipment, or other assets.

Reimbursement arrangements.

Loans or loan guarantees.

Performance of services or membership or fundra1s1ng sol1c1tat1ons.

offac1l1t1es, equipment, ma1l1ng lists, other assets, or paid employees.

1a(1)

1a(2)

1b(1)

1b(2)

1b(3)

1b(4)

lb(S)

1b(6)

le

the answer to any of the above 1s Yes, complete the following schedule Column b) should always show the fair market value

the goods, other assets, or services given by the reporting foundation If the foundation received less than fair market value

any transaction or sharing arrangement, show 1n column

d)

the value of the goods, other assets, or services received

No

No

No

No

No

No

No

No

No

No b) Amount involved (c) Name of nonchantable exempt organ1zat1on d) Description of transfers, transactions, and sharing arrangements

foundation d 1rectly or ind I rectly aff1l 1ated with, or re lated to, one or more tax-exempt orga n1zat1ons

1n section SOl(c) of the Code (other than section 501(c)(3)) or 1n section 5277.

.I

Yes

Yes, complete the following schedule

(a) Name of organization b) Type of organization (c) Description of relat1onsh1p

Under pe na lt1es of pe rJury, I dee la re that I have examined this return, 1nclud1ng accompanying schedules and statements, and to

the best of my knowledge and belief, 1t 1s true, correct, and complete Declaration of preparer (other than taxpayer or f1duc1ary) 1s

based on all 1nformat1on ofwh1ch preparer has any knowledge

******

i2011-08-11

******

Signature of officer or trustee Date Title

Date PTIN

Check 1fself-

P re pa re r' s

DAVID HAFFT

employed ~r

Signature

2011-08-11

ii >,

' :..-

-fC

Firm's name

DAV ID HA F FT & CO LTD

Firm's EIN~

.::.:,i::o

i::f:::.

t,

t ,j

300 VILLAGE GRN STE 214

o.:i

Firm's address

LINCOLNSHIRE, IL 600693086

Phone no

(847) 913-8006

Form

990-PF

(2010)


14/20

GRAPHIC print - DO NOT PROCESS IAs Filed Data -

2010 Accounting Fees Schedule

Category

F FT CO , LTD

Name: BARBARAAND BARRESEID FOUNDATION

EIN: 36-3342443

Amount Net Investment Adjusted Net

Income Income

1 550

DLN:934912230075511

Disbursements for

Charitable

Purposes


15/20

GRAPHIC print - DO NOT PROCESS IAs Filed Data -

DLN:934912230075511

2010 Investments Corporate

Name:

BARBARA AND BARRE SEID FOUNDATION

EIN

36-3342443

Name of Bond End of Year Book

Value

sh LDSS INC 212

ER CORP UNSECURED PARTICIPATION NOTES 821 243

End of Year Fair

Market Value

212

821 243


16/20

GRAPHIC print DO NOT PROCESS IAs Filed Data -

2010 Legal Fees Schedule

Category

BERG GOLDGEHN DAVIS

LEGAL REPRESENTATION

Name:

BARBARAAND BARRESEID FOUNDATION

EIN:

36 3342443


Income Income

611

195

DLN:934912230075511

Disbursements for

Charitable

Purposes


17/20

GRAPHIC print DO NOT PROCESS IAs Filed Data

2010 Other Expenses Schedule

Name:


EIN

36-3342443

DLN:934912230075511

Description Revenue and Expenses Net Investment Adjusted Net Income Disbursements for

per Books Income Charitable Purposes

6 260 6 260 6 260


18/20


2010 Other Increases Schedule

Name:


EIN: 36-3342443

Description

DLN:934912230075511

Amount

342 898


19/20


2010 Taxes Schedule

Category

Name: BARBARAAND BARRESEID FOUNDATION

EIN: 36 3342443


Income Income

25

4 100

DLN:934912230075511

Disbursements for

Charitable

Purposes


20/20

BARBARA BARRE SEID FOUNDATION - 36-3342443

dcJ O

FORM~B~eF~

---

--

201 Ocontnbut1ons

DATE ORGANIZATION LOCATION AMOUNT

8/2/2_010 l~s_he_ met Synagogue

.Chicago, lll1no1s $1,000 00

5/27/201 O Avon Walk for Breast Cancer

[ch_ic~~~ ill1no1s

$500 00

-- - -- -

9/1/2010 Blessed Sacrament Youth Center

Chicago, lll1no1s $2,000.00

12/13/201 O Boy Scouts of America Chicago, lll1no1s

$5,000.00

10/19/2010 Catholic Relief Services ICh1cago, lll1no1s

$1,000 00

12/21/2010, Center for Enriched Living

Riverwood, lll1no1s $5,000 00

1/12/2010.Charnber Opera Chicago Chicago, Illinois $780,000 OD

12/21/2010 __hic:;_ago cademy for the Arts

Chicago, Illinois

$20,000_00

12/21/2010 Chicago Child Care Society

___t:;hicago, llinois

$7,500 00

12/12/2010 Chicago Clg of the Prfmng A_rt_s(f3sylt) Chicago, lfhno1s

$10,000 00

3/29/2010 Chicago Opera The~\~~

Chicago, Illinois

$65,172 10

12/21/2010 Chica~o_:5hakespeare Theatre

Ch1caE_~_llinois

$50,000_00

4/16/2001 _Chicago Symphony Orchestra Chicago, Illinois $10,000 OD

12/13/201 O Chinese Fine Arts Society

, Chicago, lllmo1s $1,000 00

1/8/2010 Church of the Three Crosses

IChicago, lllmo1s

$5,000 00

12/10/2010 CIVICOrchestra of Chicago

Chicago, Illinois

$40,000 00

5/3/2010 Classical Symphony Chicago, Illinois

$5,000 00

11/22/2010 Community Actron Centers ProJect Los Angeles, CA $200,000 00

1/11/2010 Covenant House

Ch1c.:igo, llinois $3,700 00

12/12/201 O, DePaul University Chicago, lfhno1s

$5,000.00

2/3/2010 Elgin Opera Elgin, lll1no1s $13,000.00

12/21/2010'.Emergency Fund Chicago, Illinois $10,000 00

12/12/2010 Ensemble Espanol

.Chicago, lll1nms $1,000 00

12/21/2010 Executive Serv~9e Corps

, Chicago, 111'.no_is

$5,000 00

2/15/2010 Fa1rvote

iTakorna Park, MD $9,000 00

--- - - ------- - 1- ---- -

10/1/2010 Illinois Holocaust Museum ;Skokie, Illinois

$10,000.00

12/12/2010, Immaculate Conceptio~ Church

lch1cago, lll1no1s

$3,000 00

12/13/201 O

I

Jewish Federation of No America 'New York, NY

S 100 000 00

12/13/2010 Jewish United Fund of Metro Chgo

Chicago, Illinois $100,000 OD

3/12/201 D

I

LBRSS Chicago, Illinois

$500 00

8/18/2010 Light Opera Works

Evanston, llhno1s

$115,000.00

7/9/2010 Lincoln Central Assoc1at1on

Chicago, lllino ~ _

S1DO00

12/21/2010 Lincoln Park Zoo

__::_~~~ago,lhno1s

$10,000_00

12/21/2010, Lyrrc Opera_ClfChicago

Chicago, lllmo1s

$25,000.00

1/8/2010.Mercy Home for Boys

&

G_1rls j Chicago, lll1no1s $4,000_00

12/21 2010. Metropolitan Opera 'New York, NY $10,000_00

12/21/2010, Morehouse College Atlanta, GA $5,000_00

8/18/201 _orthbrook ~ymphony Orchestra Northbrook, IL $40,000_00

2/19/2010 Old Town Trrangle Assn _Chicago, lllino1s

$500_00

12/10/201 O Piano Forte Fdtn Chicago, llhno1s

$1,000 00

7/2/201 O Salvation Army Chicago, Illinois $10,000 00

6/11/201 O Santa Fe Opera Santa Fe, NM $25,000.00

10/28/201 O

I

SCT Productions

~C~1cago, ll1no1s

$25,000 00

12~13/201~- Society o J~E:l_ivine aviour

I

Milwaukee, WI

$28,000 DO

3/31/2010,St Lawrence

JC~(C~~Cl,_llinms

$10,000 00

3/30/2010 St.Michaels 1nOld Town

Chicago, Illinois $2,000 00

11/11/2010 TheLaboratory Schools@_ l(Chgo

Chicago_, ll1no1s

$200,000.00

4/16/2010 __he Metropolitan _Museum of Art New York, NY $1,200 DD

12/10/20j O_University o_fChicago (Jrnlsm ProJ) Chicago, lllmo1s $50,000 DO

9/16/2010 Vecinos Del Rio

Velarde, NM $2,500 DO

8/25/201 O V1s1tat1on hurch Elmhurst, IL

$1,000 DO

3/9/2010 WDCB Glenn Ellyn, IL $1,000 OD

12/21/2010 WFMT Chicago, Jllmo1s $2,500.00

12/21/2010 WTTVV

Chicago, Illinois $3,500 DO

-.-0-r:-Jl _

$2,040,672 1D

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