qualification under section 4940(e) for reduced...

Form 990-PF

Department of the Treasuryinternal Revenue Service

Return of Private Foundationor Section 4947(aXl) Nonexempt Charitable Trust

Treated as a Private FoundationNote : The organization may be able to use a copy of this return to satisfy state

reporting requirements.

OMB No. 1545.0052

For calendar year 2004, or tax year beginning 10/01 , 2004, and ending 9/30 , 2005G Check all that apply: Initial return Final return X Amended return Address change Name change

Use the A Employer identification number

IRS label . HUTTO PATTERSON CHARITABLE FOUNDATION 95-4181302Otherwise , 200 E DEL MAR, SUITE 350 B Telephone number (see instructions)

printor type. PASADENA, CA 91105

See Specific C If exemption application is pending, check here ►Instructions . D 1 Foreign organizations, check here . . ►H Check type of organization: Section 501(c)(3 exempt private foundation 2 Foreign organizations meeting the 85% test, check

Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation here and attach computation .. ►

I Fair market value of all assets at end of year J Accounting method: X Cash Accrual E If private foundation status was terminated ► ❑(from Part ll, column (c), line 16) under section 507(b)(1)(A), check here

0 Other (specify) _ _ _ _ _ _ _ _ _ _ _ _ _ F If the foundation is in a 60-month termination► $ 10, 396, 052. (Part 1, column (d) must be on cash basis.) under section 507(b)(1)(B), check here ►

Analysis of Revenue an (a) Revenue and (b) Net investment (c) Adjusted net (d) DisbursementsExpenses (The total of amounts in expenses per books income income for charitablecolumns (b), (c), and (d) may not neces-sarily equal the amounts in column (a)(see instructions).)1 Contributions, g ifts, grants , etc, received (aft sch)

MOE2 Ck I' ❑X if the foundn is not req to aft Sch B3 Interes on savings and temporary

cash investments4 Dividends and interest from securities . 458, 879. 458, 879. 458 879.5a Gross rentsb Net rental income

or (loss)6a Net gam/(loss) from sale of assets not on line 10. 131 , 931.

RE

b Gross sales price for all 2,165,764.assets on li ne 6aV 7 Capital gain net income (from Part IV, line 2) . .

E 8 Net short-term capital gain .NE

9 Income modifications.

E10a Gross sales less

returns andallowances

O f p ick -+ is �_�

REC IVs soldc profit/ oss) (att sch)

11 er e (attach schedule)

0 MAR 24

22O0 �2 s 1 through 11.Ine 590, 810. 458, 879. 458, 879.officers, directors, trustees, etc

0GD Nf' Fmploy salaries and wages16 Re ns, employee benefitsA16a Legal fees (attach schedule) SEE ST 2 449.

i b Accounting fees (a ttach sch) . SEE ST 3 2, 630 .o N c Other prof fees (attach sch) SEE ST 4 5 057 .P sE T 17 InterestR R 18 Taxes ( attach schedule) SEE STMT 5 11, 651.T T 19 Depreciation ( attach schedule) and depletion

LCIN

v 20 OccupancyC G E21 Travel, conferences, and meetings

A ECIO 22 Printing and publicationsNr iD

P 23 Other expenses (attach schedule)ac N SEE STATEMENT 6 3,960.

s 24 Total operating and administrative$ expenses. Add lines 13 through 23 . 23,747.

25 Contributions, gifts, grants paid PART. XV, 407 600.26 Total expenses and disbursements.

Add lines 24 and 25 431,347.27 Subtract line 26 from line 12: .,,,

a Excess of revenue over expenses'and disbursements 159, 463. !

b Net investment income ( if negative , enter -0-) , M54,C Adjusted not income (if negative , enter -0-) r;� �'MW r,kh-`

2004

purposes(cash basis only)

2,630.1 2,630.5,057. 5,057.

1 11,626.

3,960.

3,960.

411,560.

BAA For Privacy Act and Paperwork Reduction Act Notice, see the instructions . TEE40503L 01/05/05 Form 990-PF (2004)

16

Form 990-PF (2004) HUTTO PATTERSON CHARITABLE FOUNDATION 95-4181302 Attached schedules and amounts in the descriptionBaiahce Sheets column should be for end-of-year amounts only

Beginning of year End of year.(See instructions) (a) Book Value (b) Book Value (c) Fair Market Value

1 Cash - non-interest-bearing2 Savings and temporary cash investments . .. 142, 901. 146, 5 26. 146, 526.3 Accounts receivable .. -

- - - - - - - - - -oil U-MIMSMIJU i

Less: allowance for doubtful accounts 0-_ _ _ _ _ _ _ _ _ _4 Pledges receivable P._ _ _ _ _ _ _ _ _ _

Less: allowance for doubtful accounts ----------5 Grants receivable ... .. . .6 Receivables due from officers, directors, trustees, and other

disqualified persons (attach schedule) (see instructions)017 Other notes and loans receivable (attach sch) .A

Less: allowance for doubtful accounts �ss 8

_ _ _ _ _ _ _ _ _Inventories for sale or use .. . .

et 9 Prepaid expenses and deferred charges. ..s 10a Investments - U.S. and state government

obligations (attach schedule) .. .. . . 298, 005.b Investments - corporate stock (attach schedule) .STATEMENT. 7 3,954,695. 4, 937 350. 6,784,696.c Investments - corporate bonds (attach schedule). STATEMENT 8. 3, 022, 312. 2,199, 702. 2,007,456.

11 Investments - land, buildings, andequipment. basis ----------Less: accumulated depreciation(attach schedule) ----------

12 Investments - mortgage loans .13 Investments - other (attach schedule) STATEMENT. 9 1,378,417. 1 672, 215. 1,457,374.14 Land, buildings, and equipment: basis

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

15 _Other assets (describe _ _16

__ __Total assets (to be completed by all filers -see instructions. Also, see page 1, item I) 8, 796, 330. 8, 955, 793. 10,396,052.

L 17 Accounts payable and accrued expenses .aa 18 Grants payable ••b 19 Deferred revenue . .

20 Loans from officers, directors, trustees, & other disqualified personsi 21 Mortgages and other notes payable (attach schedule) .t 22 Other liabilities (describe )es 23 Total liabilities (add lines 17 through 22) 0. 0.

Organizations that follow SFAS 117, check hereand complete lines 24 through 26 and lines 30 and 31.

N F 24 Unrestricted .. .. ..e ut n 25 Temporarily restricted

d 26 Permanently restricted . .A as Organizations that do not follow SFAS 117, check here Xs a and complete lines 27 through 31.

t a 27 Capital stock, trust principal, or current funds 9, 531, 795. 9, 124, 195.s n 28 Paid-in or capital surplus, or land, building, and equipment fund.

co e 29 Retained earnings, accumulated income, endowment, or other funds. -735 , 465 . -168,402..r s 30 Total net assets or fund balances (see instructions) . 8, 796, 330. 8, 955, 793.

31 Total liabilities and net assets/fund balances(see instructions) 8, 796, 330. 8, 955, 793.

I§MAnalysis of Changes in Net Assets or Fund Balances

1 Total net assets or fund balances at beginning of year - Part II, column (a), line 30 (must agree withend-of-year figure reported on prior year's return) 1 8, 796, 330.

2 Enter amount from Part I, line 27a .. .. 2 159,463.3 Other increases not included in line 2 (itemize) . 01----------------------------- - 34 Add lines 1, 2, and 3 . 4 8, 955, 793.5 Decreases not included in line 2 (itemize) ►_______________ _____________ _ 56

_Total net assets or fund balances at end of year (line 4 minus line 5) - Part II column (b), line 30. 6 8, 955, 793.

BAA TEEA0302L 07129104 Form 990-PF (2004)

Form 990-PF 2004 HUTTO PATTERSON CHARITABLE FOUNDATION 95-4181302 �_, Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind (s) of property sold (e.g., real estate ,2-story brick warehouse; or common stock , 200 shares MLC Company)

How acquiredP - PurchaseD - Donation

C Date acquired(month, day , year)

( Date sold(month, day, year)

la N/Abcde

(e) Gross sales price (f) Depreciation allowed(or allowable)

(g) Cost or other basisplus expense of sale

(h) Gain or (loss)(e) plus (f) minus (g)

abcdeComplete only for assets showln gain in column (h) and owned b the foundation on 12/31/69 (I) Gains (Column (h)

() Fair Market Valueas of 12/31/69

Q) Adjusted basisas of 12/31/69

(k) Excess of column ( I)over column 0), if any

gain minus column ( k), but not lessthan -0-) or Losses (from column (h))

abcde

2 Capital gain net income or (net capital loss). If gain , also enter in Part I, line 7If (loss), enter - 0- In Pa rt I, line 7 } 2

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 instructions). If (loss), enter -0- 1-in Part I , line 8 3

NU,

Qualification Under Section 4940(e) for Reduced Tax on Net Investment IncomeI 10M(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.) N/A

If section 4940(d)(2) applies, leave this part blank.

Was the organization liable for the section 4942 tax on the distributable amount of any year in the base period ? [ Yes [ NoIf 'Yes ,' the organization does not qualify under section 4940 (e). Do not complete this pa rt .

1 Enter the appropriate amount in each column for each year; see instructions before making any entries.

CalBaer eaa(oryearstars

beglear tyear

in)

Adjusted qualifying distributions Net value ofnoncharitable-use assets

Distributtin ratio(column (b) divided by column (c))

20032002200120001999

2 Total of line 1, column (d) 2

3 Average distribution ratio for the 5-year base period - divide the total on line 2 by 5, or by thenumber of years the foundation has been in existence if less than 5 years 3

4 Enter the net value of noncharitable-use assets for 2004 from Part X, line 5 4

5 Multiply line 4 by line 3 5

6 Enter I% of net investment income (11% of Part I, fine 27b) 6

7 Add lines 5 and 6 7

8 Enter qualifying distributions from Part XII, line 4 8

If line 8 is equal to or greater than line 7, check the box in Part VI, line 1 b, and complete that pa rt using a 1 % tax rate . See thePart VI Instructions.

BAA Form 990-PF (2004)TEEA0303L 07/29104

Statements Regarding Activities1 a During the tax year, did the organization attempt to influence any national, state, or local legislation or did it Yes No

participate or intervene in any political campaign? la Xb Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see instruc ti ons for definition)? 1 b X

If the answer is 'Yes' to la or 1b, attach a detailed description of the activities and copies of any materials publishedor distributed by the organization in connection with the activities.

c Did the organization file Form 1120-POL for this year?. ... 1d Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the organization . 01, $ 0. (2) On organization managers .. ► $ 0.e Enter the reimbursement (if any) paid by the organization during the year for political expenditure tax imposed onorganization managers. $ 0.

2 Has the organization engaged in any activities that have not previously been reported to the IRS? .. ....If 'Yes,' attach a detailed description of the activities. MEMMAM

3 Has the organization made any changes, not previously reported to the IRS, in its governing instrument, articlesof incorporation, or bylaws, or other similar instruments? If 'Yes,' attach a conformed copy of the changes.. 3 X

4a Did the organization have unrelated business gross income of $1,000 or more during the year? .... 4a Xb If 'Yes,' has it filed a tax return on Form 990-T for this year? . .. ... ... .. ... 4b NVA

5 Was there a liquidation, termination, dissolution, or substantial contraction during the year? . ... .. . . .. 5 XIf 'Yes,' attach the statement required by General Instruction T

6 Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:• By language in the governing instrument, or EM

• By state legislation that effectively amends the governing instrument so that no mandatory directions that conflictwith the state law remain in the governing instrument? .. 6 X

7 Did the organization have at least $5,000 in assets at any time during the year? If 'Yes,' complete Part ll, column (c), and PartXV 7 X8a Enter the states to which the foundation reports or with which it is registered (see instructions) ..

CALIFORNIAb If the answer is 'Yes' to line 7, has the organization 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 . ... ... ... 8b X

9 Is the organization claiming status as a private operating foundation within the meaning of section 4942(I)(3) or 4942(l)(5) for calendar year 2004 or amonthe taxable year beginning in 2004 (see instructions for Part XIV)? If'Yes,'complete PartXlV .. . . 9 X

10 Did any persons become substantial contributors during the tax year?. .. . . 10 XIf 'Yes,' attach a schedule listing their names and addresses.

11 Did the organization comply with the public inspection requirements for its annual returns and exemption application? 11 XWeb site address . .. ► N/A-----------------------------------------

12 The books are in care of ► GLEN LEISURE Telephone no. ► 626-793-5871----------------------------- -------------Located at ► _2_00__E_D_E_L_M_A_R , _S_T_E_3_5_0 , _P_AS_A_D_EN_A_,_C_A________ ZIP+4► 91105_________

13 Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 - Check here .. N/A .. ► ITand enter the amount of tax-exempt interest received or accrued during the year ►� 13 � N/A

BAA Form 990-PF (2004)TEEA0304L 01/03/05

Form 990-PF (2004) HUTTO P 95-4181302statements Re ardin Activities Tor wnicn Form 4/ZU may ee Re uirecl

Fite Form 4720 if any item is checked in the 'Yes' column , unless an exception applies. Yes No1 a During the year did the organization (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? .. Yes Z No

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from) adisqualified person? Yes X No

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? .. .. Yes X No(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? .. Yes X No

(5) Transfer any income or assets to a disqualified person (or make any of either availableualified erson)?for the benefit or use of a dis E] Yes X❑ Noq p

(6) Agree to pay money or property to a government official? (Exception . Check 'No' if theorganization agreed to make a grant to or to employ the official for a period after termination

rvi if t r n tin within 90 da s )f t E] Yes QX Ng y . .. .. ..governmen se ce, e mi ao o

b If any answer is 'Yes' to la(1)-(6), did any of the acts fail to quali under the exceptions described inRegulations section 53.4941 (d)-3 or in a current notice regarding Laster assistance (see instructions)? 1 b N AOrganizations relying on a current notice regarding disaster assistance check here ... .. . ► El

c Did the organization engage in a prior year in any of the acts described in la, other than excepted acts,that were not corrected before the first day of the tax year beginning in 2004? 1 c X

2 Taxes on failure to distribute income (section 4942) (does not appl for years the organization was aprivate operating foundation defined in section 4942(1)(3) or 49420)(5))-

a At the end of tax year 2004, did the organization have any undistributed income (lines 6dand 6e, Part XIII) for tax year(s) beginning before 2004? .. ... ... E] Yes XX NoIf 'Yes,' list the years 0' 20 , 20 , 20 , 20

b Are there any years listed in 2a for which the organization is not applying the provisions of section 4942(a)(2)(relating to incorrect valuation of assets) to the year ' s undistributed income? ( If applying section 4942 (a)(2) toall years listed , answer ' No' and attach statement - see instructions .) .. .. .

c If the provisions of section 4942 (a)(2) are being applied to any of the years listed in 2a, list the years here.0, 20_ _ , 20 _ , 20 _ , 20 _

3a Did the organization hold more than a 2% direct or indirect interest in any businessenterprise at any time during the year? Yes No

b If 'Yes ,' did it have excess business holdings in 2004 as a result of (1) any purchase by the organizationor disqualified persons after May 26 , 1969; (2) the lapse of the 5-year period (or longer period approvedby 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, todetermine if the organ ization had excess business holdings in 2004.) .. .

4a Did the organization invest during the year any amount in a manner that would jeopardize itscharitable purposes?

b Did the organization make any investment in a prior year (but after December 31, 1969) that couldjeopardize its charitable purpose that had not been removed from jeopardy before the first day ofthe tax year beginning in 2004?

5a During the year did the organization pay or incur any amount to:(1) Carry on propaganda , or otherwise attempt to influence legislation (section 4945 (e))? F1 Yes XJ No

(2) Influence the outcome of any specific public election (see section 4955); or to car ryon, directly or indirectly , any voter registration drive? . . . Yes XX No

(3) Provide a grant to an individual for travel , study , or other similar purposes ? ..B

Yes X No

(4) Provide a grant to an organization other than a charitable , etc, organization described1 4940 d)509 2 3 t 2 ?t Y N), ( ), or ( ), or sec ion ( ( . ... . .in sec ion (a)( ) es o

(5) Provide for any purpose other than religious , charitable, scientific , literary, oreducational purposes , or for the prevention of cruelty to ch il dren or animals? .. Yes r No

b If any answer is 'Yes' to 5a(1)-(5), did any of the transactions fail to qualify under the exceptionsdescribed in Regulations section 53 4945 or in a current notice regarding disaster assistance(see instructions)?.. 5bOrganizations relying on a current notice regarding disaster assistance check here

c If the answer is 'Yes' to question 5a(4), does the organization claim exemption from thetax because it maintained expenditure responsibility for the grant? ... . N/A E] Yes fl NoIf 'Yes,' attach the statement required by Regulations section 53.4945-5(d).

6a Did the organization, during the year, receive any funds, directly or indirectly, to pay premiumson a personal benefit contract? . . . . [] Yes No

b Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? .. 6bIfyou answered 'Yes' to 6b, also file Form 8870.

A

A

X

A

X

BAA TEEA0305L 07/29/04 Form 990-PF (2004)

Form 990-PF (2004) HUTTO PATTERSON CHARITABLE FOUNDATION 95-4181302 Information About Officers , Directors , Trustees , Foundation Managers , Highly Paid Employees,and Contractors

I I iet all nffi . arc rfirertnra trnetaac fnuntlatinn manannrc and their rmmnnncatinn (cep inctructinnd_

(a) Name and address(b) Title and average

hours per weekdevoted to position

(c) Compensation(If not paid , enter -0-)

(d) Contributions toemployee benefitplans and deferred

compensation

(e) Expense account,other allowances

SEE S�T-KfJE7ME-NSTATEMENT 10 0. 0. 0.

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

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

------------------------i -

2 rmmnnncatinn of five hinhect-paid emnlovees (other than those included on line 1- see instructions). If none. enter 'NONE.'

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

(b) Title and averagehours per week

devoted to position

(c) Compensation (d) Contributions toemployee benefitplans and deferred

compensation

(e) Expense account,other allowances

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

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

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

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

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

No.Total number of other employees paid over $50,000 ... ....

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

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

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

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

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

T tai b f th er $50,000 for professional services

3 Five highest-paid independent contractors for professional services - (see instructions). If none , enter NONE.

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

o num er o o ers receiving ov

Summary of Direct Charitable Activities

List the foundation's four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of I Expensesorganizations and other beneficiaries served, conferences convened, research papers produc ed, etc.

1 N/A------------------------------------------------------------------------------------------------------------

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

3 ------------------------------------------------------------------------------------------------------------

4 ------------------------------------------------------------------------------------------------------------

BAA TEEA0306L 01/03/05 Form 990-PF (2004)

Form 990-PF (2004) HUTTO PATTERSON CHARITABLE FOUNDATION 95-4181302

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount1 N/A------------------------------------------------------------------------------------------------------------

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

All other program-related investments. See instructions.3 ------------------------------------------------------------------------------------------------------------

Total. Add lines 1 through 3 ► 0.

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

1 Fair market value of assets not used (or held for use) directly in carrying out charitable, etc, purposes:a Average monthly fair market value of securities. 1 a 10,208,040.b Average of monthly cash balances. 1 b 135,990.c Fair market value of all other assets (see instructions) ... ... .. 1 cdTotal (add Imes la, b and c) 1 d 10,344,030.e Reduction claimed for blockage or other factors reported on lines la and 1c

(attach detailed explanation). . . . .. 1 e 0.2 Acquisition indebtedness applicable to line 1 assets .. ... .. .. 2 0.3 Subtract line 2 from line Id ... ... .... .. .. 3 10,344,030.4 Cash deemed held for charitable activities. Enter 1-1/2% of line 3 (for greater amount, see instructions) 4 155,160.5 Net value of noncharitable-use assets . Subtract line 4 from line 3. Enter here and on Part V, line 4 . 5 10,188,870.6 Minimum investment return . Enter 5% of line 5 6 509,444.

Distributable Amount (see instructions) (Section 49420)(3) and (I)(5) private operating foundations and certainforeign organizations check here and do not complete this part.)

1 Minimum investment return from Part X, line 6 . .. . . 1 509,444.2a Tax on investment income for 2004 from Part VI, line 5 2a 8,791.b Income tax for 2004. (This does not include the tax from Part VI.) .. 2bc Add lines 2a and 2b ... ... ... ... . 2c 8,791.

3 Distributable amount before adjustments. Subtract line 2c from line 1 . ... ... ... . 3 500,653.4 Recoveries of amounts treated as qualifying distributions 45 Add lines 3 and 4 5 500,653.6 Deduction from distributable amount (see instructions) . 67 Distributable amount as adjusted. Subtract line 6 from line 5 Enter here and on Part XIII, line 1... 7 500,653.

Qualifying Distributions (see instructions)

1 Amounts paid (including administrative expenses) to accomplish charitable, etc, purposes-a Expenses, contributions, gifts, etc - total from Part I, column (d), line 26

. r�e

Ila 411,560.b Program-related investments - total from Part IX-B 1 b

2 Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc, purposes 2

3 Amounts set aside for specific charitable projects that satisfy thea Suitability test (prior IRS approval required) .. 3ab Cash distribution test (attach the required schedule) .. 3b

4 Qualifying distributions . Add lines la through 3b. Enter here and on Part V, line 8, and Part XIII, line 4 4 411,560.

5 Organizations that qualify under section 4940(e) for the reduced rate of tax on net investment income.Enter 1 % of Part I, line 27b (see instructions) .. .. 5

6 Adjusted qualifying distributions . Subtract line 5 from line 4 . .. 6 411,560.

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

e foundation

BAA Form 990-PF (2004)

TEEA0307L 01/14105


HjW Undistributed Income (see instructions)

1 Distributable amount for 2004 from Part XI,line 7

2 Undistributed income, if any, as of the end of 2003:a Enter amount for 2003 only. .b Total for prior years: 20_, 20 _, 20

3 Excess distributions carryover, if any, to 2004:a From 1999b From 2000 . 5,785.c From 2001 88,161.d From 2002 .. 65,856.e From 2003.f Total of lines 3a through e

4 Qualifying distributions for 2004 from PartXII, line 4: ► $ 411,560.

a Applied to 2003, but not more than line 2a

b Applied to undistributed income of prior year,(Election required - see instructions)

c Treated as distributions out of corpus(Election required - see instructions)

d Applied to 2004 distributable amounte Remaining amount distributed out of corpus

5 Excess distributions carryover applied to 2004(If an amount appears in column (d), thesame amount must be shown in column (a).)

6 Enter the net total of each column asindicated below:

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

b Prior years' undistributed income Subtractline 4b from line 2b

c Enter the amount of prior years' undistribut-ed income for which a notice of deficiencyhas been issued, or on which the section4942(a) tax has been previously assessed

d Subtract line 6c from line 6b Taxableamount - see instructions.

e Undistributed income for 2003 Subtract line 4a fromline 2a. Taxable amount - see instructions

f Undistributed income for 2004 Subtract lines4d and 5 from line 1 This amount must bedistributed in 2005

7 Amounts treated as distributions out ofcorpus to satisfy requirements imposedby section 170()(1)(E) or 4942(g)(3)(see instructions)

8 Excess distributions carryover from 1999 notapplied on line 5 or line 7 (see instructions)

9 Excess distributions carryover to 2005.Subtract lines 7 and 8 from line 6a

10 Analysis of line 9a Excess from 2000b Excess from 2001 4,853.c Excess from 2002 65, 856 .d Excess from 2003e Excess from 2004

BAA

(a) bCorpus I Years prior to 2003 I 2003 J 20d04

0

0.

159,802.

0.

0.

0.ign ..` 411, 560

0. RIM;1QW3. - 89,093.

70,709.

0.

0.

0.

0.

0.

70, 709. �', •

:iE %:•°�Ei�: �� - a�'£ R'm 'im9 ':..g,:E: � � i .,�.•1''�,�- rE ,;• a y',,;�yy�; ;�",

' %% ,��'` iy i• n4� •�#%%% '� by ,'3' 3IE `'.' kF xr'w^

�� a° . Ejz�w��-�I�� - JIE�o % x Ax •ax ` >3 •<�1 7 £ '£��' x °s l'� •.�L< _ _ _ga. •oe�h i3s�;> r>'. r �

a:m�+�T�°� p x y�j� •,`

Form 990-PF (2004)

TEEA0308L 07129/04

Form 990-PF (2004) HUTTO PATTERSON CHARITABLE FOUNDATION 95-4181302 Private Operating Foundations (see instructions and Part VII-A, question 9) N/A

1 a If the foundation has received a ruling or determination letter that it is a private operating foundation, and the rulingis effective for 2004, enter the date of the ruling 10.1

b Check box to indicate whether the organization is a private operating foundation described in section n 49420)(3) or 7 4942(1)(5)2a Enter the lesser of the adjusted net Tax year Prior 3 years

income from Part I or the minimuminvestment return from Part X for a 2004 b 2003 c 2002 d 2001 (e) Totaleach year listed

b 85% of line 2ac Qualifying distributions from Part XII,

line 4 for each year listed .. . ... .d Amounts included in line 2c not used directly

for active conduct of exempt activities .e Qualifying distributions made directly

for active conduct of exempt activities.Subtract line 2d from line 2c ...

3 Complete 3a , b, or c for thealternative test relied upon:

a 'Assets ' alternative test - enter:(1) Value of all assets(2) Value of assets qualifying under

section 4942(I)(3)(B)(i).b 'Endowment' alternative test - Enter 2/3 ofminimum investment return shown in Part X,line 6 for each year listed ...

c 'Suppo rt' alternative test - enter-Total support other than grossinvestment income (interest,dividends , rents , paymentson securities loans (section512(a)(5)), or royalties) . .

(2) Suppo rt from general public and 5 ormore exempt organizations as providedin section 4942(i )(3)(B)(ui) . .

(3) Largest amount of support froman exempt organization, .

4 Gross investment income.PhOWA SuoDlementarv Information (Complete this Dart only if the organization had $5 . 000 or more in assets at any time durina the year.)

1 Information Regarding Foundation Managers:

a List any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation before theclose of any tax year (but only if they have contributed more than $5,000) (See section 507(d)(2).)CLARE P. HUTTO

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 ofa partnership or other entity) of which the foundation has a 10% or greater interestNONE

2 Information Regarding Contribution , Grant, Gift, Loan , Scholarship , etc, Programs:Check here 11 if the organization only makes contributions to preselected charitable organizations and does not accept unsolicitedrequests for funds If the organization makes gifts, grants, etc, (see instructions) to individuals or organizations under other conditions,complete items 2a, b, c, and d.

a The name, address, and telephone number of the person to whom applications should be addressed-

SEE STATEMENT 11b The form in which applications should be submitted and information and materials they should include:LETTER, NAME OF CONTACT, PURPOSE, AMOUNT REQUESTED, WHO WILL BENEFIT AND 501(C)(3)QUALIFICATIONS

c Any submission deadlines:

d Any restrictions or limitations on awards, such as by geographical areas , charitable fields, kinds of institutions, or other factors:

BAA TEEA0309L 07/29/04 Form 990-PF (2004)

Form 990-PF (2004) HUTTO PATTERSON CHARITABLE FOUNDATION 95-4181302 "• Supplementa ry Information (continued)

3 Grants and Contri butions Paid During the Year or AoDroved for Future Payment

RecipientIf recipient is an individual ,show any relationship to

any foundation manager orFoundationstatusds of Purpose of grant or

contribution mountName and address (home or business) substantial contributor recipientofe p

a Paid during the yearSEE STATEMENT 12

Total ► 3a 407, 600.b Approved for future payment

Total 0- 3blBAA TEEA0310L 07/29/04 Form 990-PF (2004)


pj� Analysis of Income-Producing Activities

Enter g ross amounts unless otherwise indicated . Unrelated business income Excluded by section 512, 513, or 514

1 Program service revenue-abCdefg Fees and contracts from government agencies

2 Membership dues and assessments3 Interest on savings and temporary cash investments4 Dividends and interest from securities5 Net rental income or (loss) from real estate:a Debt-financed propertyb Not debt-financed property

6 Net rental income or ( loss) from personal property7 Other investment income8 Gain or (loss) from sales of assets other than inventory9 Net income or (loss) from special events

10 Gross profit or (loss) from sales of inventory11 Other revenue:

(a) (b) (c) (d) (e)Business Amount Exclu- Amount Related or exemptcode Sion function income

code (see instructions)

141 458,879

131

abcd

12 Subtotal. Add columns (b), (d), and (e) 458, 879. 131, 931.13 Total . Add line 12, columns (b), (d), and (e) 13 590,810.(See worksheet in the instructions for line 13 to verify calculations.)

Relationship of Activities to the Accomplishment of Exempt Purposes

BAA TEEA0501L 07/29/04 Form 990-PF (2004)

Form 990-PF (2004) HUTTO PATTERSON CHARITABLE FOUNDATION 95-4181302 ".!,M.-Information Regarding Transfers To and Transactions and Relationships With Noncharitable

Exempt OrganizationsYes NoMOM I

1 Did the organization directly or indirectly engage in any of the following with any other organizationdescribed in section 501(c) of the Code (other than section 501 (c)(3) organizations) or in section 527,relating to political organizations

a Transfers from the reporting organization to a noncharitable exempt organization of-(1) Cash . lap)(2) Other assets . ....

b Other transactions:(1) Sales of assets to a noncharitable exempt organization ... ... ... ... 1 b X(2) Purchases of assets from a noncharitable exempt organization .... .. .. 1 b X(3) Rental of facilities, equipment, or other assets 1 b X(4) Reimbursement arrangements 1 b (4) X(5) Loans or loan guarantees ...... 1 b X(6) Performance of services or membership or fundraising solicitations .. .. .... ... 1 b (6) X

c Sharing of facilities, equipment, mailing lists, other assets, or paid employees.. ... ... .. .. 1 c X

d If the answer to any of the above is 'Yes,' complete the following schedule. Column (b) should always show the fair market value ofthe goods, other assets, or services given by the reporting organization. If the organization received less than fair market value inan transaction or sharing arrangement, show in column (cD the value of thegoods, other assets, or services received.

(a) Line no. (b) Amount involved (c) Name of noncharltable exempt organization (d) Description of transfers, transactions, and sharing arrangementsN/A

2a Is the organization directly or indirectly affil iated with , or related to , one or more tax-exempt organizationsdescribed in section 501 (c) of the Code (other than section 501 (c)(3)) or in section 527? ... F] Yes n No

b If 'Yes .' complete the fnllowina schedule-(a) Name of organization (b) Type of organization (c) Description of relationship

N/A

Under penalties of perju ry, I declare that ave exam th is return, nclud accompanying schedules and statements , and to the best of my knowledge and belief, it is true , correct. andcomplete Declaration of preparer (oth than taxp or fujucia ry) bas on all informat

I-

S L/

G Signature of officer orN

NE

Preparer'sPaid signature

R Pre-E parer' s Firm's nam (or H ON KREDITOR & GRONROO

Only employed), 200 E. DELOnly d dMAR BLVD . , STEress , ana PASADENA ,ZIP code CA 91105

BAA

2004 FEDERAL: STATEMENTS PAGE 1HUTTO PATTERSON CHARITABLE FOUNDATION 95-4181302

STATEMENT1FORM 990-PF , PART I, LINE 6NET GAIN (LOSS) FROM NONINVENTORY SALES

DESCRIPTION: LONG-TERM CAP GAIN DISTRIBDATE ACQUIRED: VARIOUSHOW ACQUIRED: PURCHASEDATE SOLD: VARIOUSTO WHOM SOLD:GROSS SALES PRICE: 964.COST OR OTHER BASIS: 0.

GAIN (LOSS) 964.

DESCRIPTION: STOCKS AND BONDS PER ATTACHED SCHEDULEDATE ACQUIRED: VARIOUSHOW ACQUIRED: PURCHASEDATE SOLD: VARIOUSTO WHOM SOLD:GROSS SALES PRICE: 674,620.COST OR OTHER BASIS: 694,586.

GAIN (LOSS) -19,966.

DESCRIPTION: STOCKS AND BONDS PER ATTACHED SCHEDULEDATE ACQUIRED: VARIOUSHOW ACQUIRED: PURCHASEDATE SOLD: VARIOUSTO WHOM SOLD:GROSS SALES PRICE: 1,490,180.COST OR OTHER BASIS: 1,339,247.

GAIN (LOSS) 150,933.

TOTAL NET GAIN (LOSS) FROM NONINVENTORY SALES $ 131,931.

STATEMENT 2FORM 990-PF , PART I, LINE 16ALEGAL FEES

(A) (B) NET (C) (D)EXPENSES INVESTMENT ADJUSTED CHARITABLEPER BOOKS INCOME NET INCOME PURPOSES

LEGAL FEES-FULBRIGHT ET AL $ 449.TOTAL 449. 0. 0. $ 0.

STATEMENT 3FORM 990-PF , PART I, LINE 16BACCOUNTING FEES


TAX PREP - HINTON KREDITOR & GRONROOS$ 2,630. $ 2,630. $ 2,630.

TOTAL $ 2,630. $ 2,630. $ 2,630. $ 0.

2004 FEDERAL STATEMENTS PAGE 2HUTTO PATTERSON CHARITABLE FOUNDATION 95-4181302

STATEMENT 4FORM 990-PF , PART I, LINE 16COTHER PROFESSIONAL FEES


MANAGEMENT FEES $ 5,057. $ 5,057. $ 5,057.TOTAL $ 5,057. $ 5,057. $ 5,057. $ 0.

STATEMENT 5FORM 990-PF , PART I , LINE 18TAXES


CA REGISTRY OF CHARITABLE TRUSTS $ 25.FEDERAL TAX .. 7,153. $ 7,153. $ 7,153.FOREIGN TAX WITHHELD - INTEREST 4,473. 4,473. 4,473.

TOTAL $ 11,651. $ 11,626. $ 11,626. $ 0.

STATEMENT 6FORM 990-PF , PART I, LINE 23OTHER EXPENSES


BOARD MEETINGS .. $ 3,220. $ 3,220.MISCELLANEOUS 730. 730.STATE FEES 10. 10.

TOTAL $ 3,960. $ 0. $ 0. $ 3,960.

STATEMENT 7FORM 990-PF , PART II, LINE 10BINVESTMENTS - CORPORATE STOCKS

VALUATION BOOK FAIR MARKETCORPORATE STOCKS METHOD VALUE VALUESTOCKS PER ATTACHED SCHEDULE COST $ 4,937,350. $ 6,784,696.

TOTAL $ 4,937,350. $ 6,784,696.

2004 FEDERAL 'STATEMENTS PAGE 3HUTTO PATTERSON CHARITABLE FOUNDATION 95-4181302

STATEMENT 8FORM 990-PF , PART II, LINE 10CINVESTMENTS - CORPORATE BONDS

VALUATION BOOK FAIR MARKETCORPORATE BONDS METHOD VALUE VALUECORPORATE BONDS PER ATTACHED SCHEDULE COST $ 2,199,702. $ 2,007,456.

TOTAL $_2,199,702. $ 2,007,456.

STATEMENT 9FORM 990-PF, PART II, LINE 13INVESTMENTS - OTHER

VALUATION FAIR MARKETMETHOD VALUE VALUE

OTHER PUBLICLY TRADED SECURITIESMUTUAL FUNDS PER ATTACHED SCHEDULE COST $ 1,565,768. $ 1,384,474.FORD CAP TRUST COST 106,447. 72,900.

TOTAL 1,672,215. $ 1,457,374.

STATEMENT 10FORM 990-PF , PART VIII, LINE 1LIST OF OFFICERS , DIRECTORS , TRUSTEES , AND KEY EMPLOYEES

TITLE AND CONTRI- EXPENSEAVERAGE HOURS COMPEN- BUTION TO ACCOUNT/

NAME AND ADDRESS PER WEEK DEVOTED SATION EBP & DC OTHERCLARE P. HUTTO PRESIDENT $ 0. $ 0. $ 0.C/O 200 E DEL MAR, SUITE 350 AS REQUIREDPASADENA, CA 91105

CATHERINE HUTTO GORDON TRUSTEE 0. 0. 0.C/O 200 E DEL MAR, SUITE 350 AS REQUIREDPASADENA, CA 91105

EILEEN C. HUTTO POWERS TRUSTEE 0. 0. 0.C/O 200 E DEL MAR, SUITE 350 AS REQUIREDPASADENA, CA 91105

HARRY L. HATHAWAY TRUSTEE 0. 0. 0.C/O 200 E DEL MAR, SUITE 350 AS REQUIREDPASADENA, CA 91105

DOUG JOHNSON TRUSTEE 0. 0. 0.C/O 200 E DEL MAR, SUITE 350 AS REQUIREDPASADENA, CA 91105

2004 FEDERAL STATEMENTS PAGE 4HUTTO PATTERSON CHARITABLE FOUNDATION 95-4181302

STATEMENT 10 (CONTINUED)FORM 990-PF , PART VIII, LINE 1LIST OF OFFICERS, DIRECTORS , TRUSTEES , AND KEY EMPLOYEES

TITLE AND CONTRI- EXPENSEAVERAGE HOURS COMPEN- BUTION TO ACCOUNT/

NAME AND ADDRESS PER WEEK DEVOTED SATION EBP & DC OTHERGARRETT P. KREDITOR TRUSTEE $ 0. $ 0. $ 0.200 E DEL MAR, SUITE 350 AS REQUIREDPASADENA, CA 91105

TOTAL 0. $ 0. $ 0.

STATEMENT 11FORM 990-PF, PART XV, LINE 2ANAME AND ADDRESS OF PERSON TO WHOM APPLICANTS SHOULD BE ADDRESSED

GLEN LEISURE200 E DEL MAR SUITE 350PASADENA, CA626-793-5871

STATEMENT 12FORM 990-PF , PART XV, LINE 3ARECIPIENT PAID DURING THE YEAR

FOUND-DONEE ATION PURPOSE OF

NAME AND ADDRESS RELATIONSHIP STATUS GRANT AMOUNTUNION STATION FOUNDATION NONE EXEMPT FACILITIES $ 50,000.412 S RAYMOND AVE PROGRAMPASADENA, CA 91105

SAN MARINO SCHOOL FOUNDATION NONE EXEMPT COMPUTER LAB 30,000.1665 WEST DRIVESAN MARINO, CA 91108

HILLSIDE HOME FOR CHILDREN NONE EXEMPT CAPITAL CAMPAIGN 60,000.940 AVENUE 64 EXPOUNDS APASADENA, CA 91105 VISION

U OF C BERKLEY SCH SOC WELFAR NONE EXEMPT SCH SOC WK 100,000.120 HAVILAND HALL #7400 INITIATIVE FUNDBERKLEY, CA 94720-7400

FIVE ACRES NONE EXEMPT SCHOOL BUILDING 60,000.760 W MOUNTAIN VIEW ST CONVERSIONALTADENA, CA 91001-4996

THE BONY PONY RANCH FOUNDATIO NONE EXEMPT SERVE CHILDREN 1,000.9675 BRIGHTON WAY, SUITE 240BEVERLY HILLS, CA 90210

2004 • FEDERAL STATEMENTS PAGE 5HUTTO PATTERSON CHARITABLE FOUNDATION 95-4181302

STATEMENT 12 (CONTINUED)FORM 990-PF , PART XV, LINE 3ARECIPIENT PAID DURING THE YEAR

FOUND-DONEE ATION PURPOSE OF

NAME AND ADDRESS RELATIONSHIP STATUS GRANT AMOUNTART CTR 100 ENDOWMENT SCHOOL NONE EXEMPT SCHOLARSHIP FUND $ 4,100.1700 LIDA STREETPASADENA, CA

ART CENTER COLLEGE OF DESIGN NONE EXEMPT CAPITAL FUND AND 100,000.1700 LIDA STREET DESIGN BASEDPASADENA, CA 91103 LEARNING LAB

USC MARSHALL SCHOOL OF BUSINE NONE EXEMPT SCHOLARSHIPS IN 2,500.UNIVERSITY OF SOUTHERN CALIFO THE MASTER'SLOS ANGELES, CA 90089-0441 PROGRAMS

TOTAL $ 407,600.1

qualification under section 4940(e) for reduced...

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