returnofprivate foundation omhno.1 2 2011990s.foundationcenter.org/990pf_pdf_archive/233/... ·...

18
Form 990-PF ==- - t0-=-Y For calendar year 2011 or tax yet Name of foundation BNG FOUNDATION C] 2 0 Return of Private Foundation OMH No.1 2 or Section 4947(a)(1) Nonexempt Charitable Trust 2011 Treated as a Private Foundation iundation may be able to use a copy of this return to satis fy state re p ortin g re q uirements. and ending A Employer identification number 2 -'; nnA-i 12 Number and street (or P.O. box number If mail Is not delivered to street address) Roorr"wite B Telephone number 91 CARDINAL ROAD 610-374-6624 City or town, state, and ZIP code C H exemption application Is pending , check here .- READING , PA 19610 e Check all that apply. Initial return L-J Initial return of a former public charity D 1. Foreign organizations, check here Final return [TJ Amended return Q Address chan g e 0 Name chan a 2. a .:=,.:9hm unmion H Check type of organization: Section 501(c)(3) exempt private foundation .. E If private foundation status was terminated El Section 4947 (a )( 1) nonexem pt charitable trust 0 Other taxable p rivate foundation under section 507(b)(1)(A), check here I Fair market value of all assets at end of year J Accounting method: Cash Accrual F If the foundation is in a 60-month termination (from Part 11, col. (c), line 16) 0 Other (specify) under section 507(b)(1)(B), check here 004 17 4 8 24 . (Part 1, column (d) must be on cash basis.) qt,,t I Analysis of Revenue and Expenses ( a) Revenue and (b) Net investment (c) Adjusted net (d Disburse ments (The total of amounts In columns ft (cl and (d) may not necessarily equal the amounts In column (4) e xp enses p er books income come income for charitab le purposes (cash basis only) i Contributions, gifts, grants, etc, received .... 12 , 044 . r a '. bay I ;^; e A 2 check notrequhedto attachsch.B 1 a ,+- g nlv nmevniis^ and temporary ;• i 4 Dividends and interest from securities ............ 5 , 409. -5 , 409. '!'ATEMENT 1' 5a Gross rents b Not rental Income or poss) 6a Net gain or (loss) from sale of assets not on line 10 c b Goss sales price for all a149et8 on line Go ...... ^a' _ (s. _ _ INMM 11 11 a 'o s 7 Capital gain net Income (from Pmt IV, line 2) 0. I . . 4 e^ Q &a 8 Net short-term capital gain ... .......... . w.. WMWIP 9 Income modifications ............... 10a Gross sales less returns and allowances m ` _ as a - b Less: cost of goods sold .. c Gross profit or (loss) ........ ........... 11 Other income -: 12 Total . Add lines 1 throu g h 11 ..... . ........ 17 , 453 . 5 , 409. 13 compensation of officers, directors. trustees. etc.......... 0. 0. 0 . 14 Other employee salaries and wages ................ 15 Pension plans, employee benefits ................. 10 16a Legal fees ................................. ......... f^ b Accounting fees ......... ... ......................... c Other professional fees ... ..................... . . 17 Interest ........ ......... ..... ....... .. ....... ' ^ - 18 Taxes ....................... S.'^'T...... 44. 0. 0. 19 Depreciation and depletion ......................... 20 Occupancy .............................................. a 21 Travel, conferences, and meetings ............... . W 22 Printing and publications .......................... co 23 Other expenses ........................................ 24 Total operating and administrative expenses . Add lines 13 through 23 ............... 44.' 0 . 0. 25 Contributions , gifts, grants paid 6 , 3506 A ^- 6 . 350. 26 Total expenses and disbursements. Add lines 24 and 25 ..... .................. 6.394. 0. 6 , 350. 27 Subtract fine 26 from line 12: = ` . y Excess a of revenue over exile, and disbursements 11 059 . b Net investment income of ). 5 40 9 order Ad l usted net Income of rwgww% . ........... N / A 12 _11 IJlA For raperwor Reduction Act Notice , see instructions . Form v u-rr (2011) 1 11 ZPAA'G "acnQA 1 AAAAnn ini i nincn MAT( 1.f1Tfl1Tl?TTAAAT 9 ndnAnnl

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Page 1: ReturnofPrivate Foundation OMHNo.1 2 2011990s.foundationcenter.org/990pf_pdf_archive/233/... · Form 990-PF ==--t0-=-Y Forcalendaryear2011 ortaxyet Nameoffoundation BNG FOUNDATION

Form 990-PF

==--t0-=-YFor calendar year 2011 or tax yet

Name of foundation

BNG FOUNDATION

C]

2

0

Return of Private Foundation OMH No.1 2or Section 4947(a)(1) Nonexempt Charitable Trust

2011Treated as a Private Foundationiundation may be able to use a copy of this return to satis fy state rep orting re q uirements.

and ending

A Employer identification number

2 -'; nnA-i 12Number and street (or P.O. box number If mail Is not delivered to street address) Roorr"wite B Telephone number91 CARDINAL ROAD 610-374-6624

City or town, state, and ZIP code C H exemption application Is pending , check here .- ►

READING , PA 19610e Check all that apply. Initial return L-J Initial return of a former public charity D 1. Foreign organizations, check here

Final return [TJ Amended return

Q Address chang e 0 Name chan a 2. a .:=,.:9hm unmionH Check type of organization: Section 501(c)(3) exempt private foundation

..

E If private foundation status was terminatedEl Section 4947(a)( 1 ) nonexem pt charitable trust 0 Other taxable p rivate foundation under section 507(b)(1)(A), check here

I Fair market value of all assets at end of year J Accounting method: Cash Accrual F If the foundation is in a 60-month termination(from Part 11, col. (c), line 16) 0 Other (specify) under section 507(b)(1)(B), check here004 17 4 8 2 4 . (Part 1, column (d) must be on cash basis.)qt,,t I Analysis of Revenue and Expenses (a) Revenue and (b) Net investment

(c)Adjusted net (d Disbursements

(The total of amounts In columns ft (cl and (d) may notnecessarily equal the amounts In column (4) expenses per books income comeincome for charitab le purposes

(cash basis only)

i Contributions, gifts, grants, etc, received .... 12 , 044 . r a '. bay I ;^; e A2 check notrequhedto attachsch.B 1 a ,+-

g nlvnmevniis^and temporary

;• i

4 Dividends and interest from securities ............ 5 , 409. -5 , 409. '!'ATEMENT 1'5a Gross rents

b Not rental Income or poss)

6a Net gain or (loss) from sale of assets not on line 10

c b Goss sales price for alla149et8 on line Go ...... ^a' _ (s. _ _ INMM 11 1 1 a 'os

7 Capital gain net Income (from Pmt IV, line 2) 0.

I . .4 e^ Q &a

8 Net short-term capital gain ... .......... . w..WMWIP9 Income modifications ...............10a

Gross sales less returnsand allowances m ` _ as a -

b Less: cost of goods sold ..

c Gross profit or (loss) ........ ...........11 Other income -:

12 Total . Add lines 1 throu gh 11 ..... . ........ 17 , 453 . 5 , 409.13 compensation of officers, directors. trustees. etc.......... 0. 0. 0 .14 Other employee salaries and wages ................

15 Pension plans, employee benefits .................

10 16a Legal fees ................................. ......... f^b Accounting fees ......... ... .........................c Other professional fees ... ...................... .

17 Interest ........ ......... ..... ....... .. ....... ' ^-

18 Taxes ....................... S.'^'T...... 44. 0. 0.19 Depreciation and depletion .........................

20 Occupancy ..............................................a 21 Travel, conferences, and meetings ............... .

W 22 Printing and publications ..........................

co 23 Other expenses ........................................24 Total operating and administrative

expenses . Add lines 13 through 23 ............... 44.' 0 . 0.25 Contributions , gifts, grants paid 6 , 3506 A ^- 6 . 350.26 Total expenses and disbursements.

Add lines 24 and 25 ..... .................. 6.394. 0. 6 , 350.27 Subtract fine 26 from line 12: = ` . y

Excessa of revenue over exile, and disbursements 11 059 .b Net investment income of ). 5 40 9

orderAd lusted net Income of rwgww% . ........... N/A12 _11 IJlA For raperwor Reduction Act Notice , see instructions . Form v u-rr (2011)

111 ZPAA'G "acnQA 1 AAAAnn ini i nincn MAT( 1.f1Tfl1Tl?TTAAAT 9 ndnAnnl

Page 2: ReturnofPrivate Foundation OMHNo.1 2 2011990s.foundationcenter.org/990pf_pdf_archive/233/... · Form 990-PF ==--t0-=-Y Forcalendaryear2011 ortaxyet Nameoffoundation BNG FOUNDATION

c.,.,,j oonj= MAI II nur± v(TTMT hmTnu 2i_innAiii Paro9

ets A211 ed le'" Ladamoooarmede :enoaoeBalance ShBeginning of year End of year

e colama should be for endaynramoaat,oah. (a) Book Value (b) Book Value (c) Fair Market Value

1 ,,,,,,,, ,,,,,,, , ,,, ,,, „,Cash - non-interest-bearing

2

,,, ,,, ,,,,,,,,,,,, ,,,,, ,

Savings and temporary cash Investments

3 Accounts receivable ►Less: allowance for doubtful accounts ►

4 Pledges receivable ►Less: allowance for doubtful accounts ►

6 Grants receivable . .......... .....6

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

Receivables due from officers, directors, trustees, and other

disqualified persons „ , ,,,, ,

7 ether notes and bans recdnbk ► V^ - Y q AI

Less: allowance for doubtful accounts ►8 Inventories for sale or use

9 Prepaid expenses and deferred charges

10a Investments - U.S. and state government obligations ..... ......... .b Investments - corporate stock .......... ..........c Investments - corporate bonds

W11 lovestmenb• oad,butldlnps , andequlpmentbasis ..... MOMMM MEMOLess* accumulated depreclabon

12 Investments - mortgage loans „ , ,,,,, „ ....... .. .. ... ..........

13 Investments-other S.'IMT... 166 221. 177 280. 174 824 .14 Land, buildings, and equipment basis ► ;

less aaumulated depreclatlon ►

15 Other assets (describe ►

16 Total assets to be comp leted by all filers 166 , 221. 177 . 280. 174,824.17 Accounts payable and accrued expenses.

18 Grants payable ..... ......... ....,,,,,,,,, ,,,,, ,,,,, „ ,,, ,,.

19 Deferred revenue

20 Loans from oleoers, directors, trustees, and other disqualified persons .. ..

21 Mortgages and other notes payable „ ,,,,,, ,,,, ,, ,,

'j 22 Other liabilities (describe ►

23 Total liabilities (add lines 17 throw h 22 ) ..... 0. 0.

Foundations that follow SFAS 117, check here ►and complete lines 24 through 26 and lines 30 and 31.

24 Unrestricted ... .......... .... ....... ........25

........... ....... ...Temporarily restncted ................................... .

m 26. ........... . .

Permanently restricted,,,,,,,,,, , ,,,, ,,,, .. ._._..... ................. „

C Foundations that do not follow SFAS 117, check here 10.

aL and complete lines 27 through 31.

° 27 Capital stock, trust principal, or current funds ,,,,,,,,,,,,,,, ,,,, ,,,,,,,,,,,, 24 , 293. 2 4 2 9 3 .

28 Paid-in or capital surplus, or land, bldgand equipment fund 0 . 0 ..

29 Retained earnings, accumulated income, endowment, or other funds 41 9 2 8 . 15 2 9 8 7 .

30 Total net assets or fund balances ........... . ......... ........... 6 6 , 221. 17 7 280 .

81 Total liabilities and net assets/fund balances ........ . . ...... 166 , 221. 1 177 280 .

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

2 Enter amount from Part I, line 27a ..................................................................................................

3 Other Increases not Included in line 2 (itemize) ►4 Add lines 1, 2, and 3 ...............................................................................................................................................5 Decreases not included in line 2 (itemize) ►

1zss1112-02-11

211'Qn4 IR 7ac n ad l ndndnn 9 n11 . nzncn AM FnrnhmhfPTn7

Form 990-PF (2011)

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Page 3: ReturnofPrivate Foundation OMHNo.1 2 2011990s.foundationcenter.org/990pf_pdf_archive/233/... · Form 990-PF ==--t0-=-Y Forcalendaryear2011 ortaxyet Nameoffoundation BNG FOUNDATION

Form 990PF 2011 BNG FOUNDATION 23-3008332 Page 9Capital 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 shs. MLC Co.)

(b) How acquired

D -Purchase

(c) Date acquired(mo ,day, yr.)

(d) Date sold(mo ,day, yr.)

1a

b NONEcd

e

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

(g) Cost or other basisplus expense of sale

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

a

b

c

d

eComplete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (I) Gains (Col. (h) gain minus

F.M.V. as of 12/31/69(i)Adjusted basisa(I

aas of 12/31/69(k) Excess of col. (i)over col (j), if any

col (k), but not less than -0-) orLosses (from coL (h))

ab

c

d

e

2 Capital gain net Income or (net capital loss)If gain, also enter in Part I, line 7

t If (loss), enter -0- in Part 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).If loss enter -0- In Part I line 8 ...... ..... ........ .. .... .... ..... 3

MJIM Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

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

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? ......................... ................ 0 Yes ® NoIf 'Yes, the foundation does not qualify under section 4940(e). Do not complete this part.1 Enter the appropriate amount in each column for each year, see instructions before making any entries.

Base taxyearyears

Calendar year orr tax beg innin g in Adjusted qualifying distributions Net value of noncharitable-use assets

Distrividen ratio(coL (b) divided by COL (c))

2010 7 , 071. 145 596. .0485662009 6 , 682. 121 928. .0548032008 5,449.1 126 252. .0431602007 4 , 422. 1 115 564. .0382652006 3 , 435. 1 87 , 455. .039277

2 Total of line 1, column (d) ................... .................. ... ..... ............. ...... . ....................... ........... 2 .2240713 Average distribution ratio for the 5-year base period - divide the total on line 2 by 5,

the foundation has been In existence if less than 5 years ..... ............................

or by the number of years

................ . ..................... ........... 8 .044814

4 Enter the net value of noncharitable-use assets for 2011 from PartX, line 5 „ ...... ......................................... ........... 4 173 , 413.

5 Multiply line 4 by line 3 ............ ..................... ..... . .. ..................... .... .. . ...... . ................... ......... 6 7 , 771.

6 Enter 1% of net investment income (1% of Part I, line 27b) .............................. ........................................... ......... 6 54.

7 Add fines 5 and 6 .................................................................................. ....................................... .......... 7 , 825.

8 Enter qualifying distributions from Part XII, line 4

.

6 , 350.If line 8 is equal to or greater than line 7, check the box In Part VI, line 1b , and complete that part using a 1% tax rate.See the Part VI instructions.

123521 12-02-11 Form 990-PF (2011)3

1 1 ,;Rnd2c 7acnAA i ndndnn 9n1 1 - n i non nWr_ Fnrrnmn ,r+TnN l nAndnnl

Page 4: ReturnofPrivate Foundation OMHNo.1 2 2011990s.foundationcenter.org/990pf_pdf_archive/233/... · Form 990-PF ==--t0-=-Y Forcalendaryear2011 ortaxyet Nameoffoundation BNG FOUNDATION

zn i l l DE 3 C VU"W1 l-l-lVlY L J- .7 u o J J L race 4

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

la Exempt operating foundations described In section 4940(d )(2 ), check here ► L-J and enterWA' on line 1 . AMADate 'of ruling or determination letter. (attach copy of letter if necessary-see Instructions )

b Domestic foundations that meet the section 4940(e) requirements in Part V, check here ►0 and enter 1% 1 108.of Part I, line 27b .............. .......... .................. h t>...... ........ .. .. aka '` ^'' •3't^'3i^^r^^^^^:

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

2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) ....... ............ 2 0.

3 Add lines 1 and 2 .,..,.. 3 108.4 Subtitle A (income ) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0.5 Tax based on Investment income . Subtract line 4 from line 3. If zero or less, enter -0. ... .... ............ ..... ..... ... ... 5 108.6 Credits/Payments:^4

a 2011 estimated tax payments and 2010 overpayment credited to 2011 6ab Exempt foreign organ izations - tax withheld at source ,.. 6b ' ' ': ^N•'`;c Tax paid with application for extension of time to file (Form 8868 ) 6cd Backup withholding erroneously withheld 6d

7 Total credits and payments. Add lines 6a through 6d ...... ... ... ..................... 7 0.8 Enter any penalty for underpayment of estimated tax Check here El if Form 2220 is attached . , ., .. ............... 89 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed .................................... ..•,. ► 9 108

10 Overpayment . If line 7 is more than the total of lines 5 and 8, enter the amount overpaid ....................... ......... ► 1011 Enter the amount of line 10 to be: Credited to 2012 estimate d tax No, Refunded No, 11

Statements Regarding Activities

1a During the tax year, did the foundation attempt to Influence any national , state, or local legislation or did it participate or intervene in Yes No

any political campaign? ...., ....., Is X. .................... . ..... . ......................................... .................... .b Did it spend more than $100 during the year (either directly or indirectly ) for political purposes (see instructions for definition)? . ,. 1b X

If the answer is ' Yes' to la or 1b , attach a detailed description of the activities and copies of any materials published or MIMM

distributed by the foundation in connection with the activities. M^Mc Did the foundation file Form 1120-POL for this year? .... ............... 1c X......................... ..................... ..•......... ..... ...d Enter the amount ( if any) of tax on political expenditures ( section 4955) Imposed during the year.

(1) On the foundation. ► $ 0 . (2) On foundation managers.► $ 0.e Enter the reimbursement ( if any) paid by the foundation during the year for political expenditure tax imposed on foundationmanagers.► $ 0. ` 3 =

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

3 Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, orbylaws, or other similar Instruments? N'Yes,' attach a conformed copy of the changes ........ ....... .., ...... ...... , , 3 X

4a Did the foundation have unrelated business gross Income of $1,000 or more during the year? ., ..,,,.••,,,,,,.. . ...... ,,., •, 4a X.. .

b If 'Yes,' has it filed a tax return on Form 990-T for this year? .......... ... ........ ..... ........... . .... ........... ..........•, ...• ........ N/A,., 4b5 Was there a liquidation , termination, dissolution, or substantial contraction during the year? . ............. ...................... ••.• .. ............ 5 X

If 'Yes,' attach the statement required by General Instruction T.

6 Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either.• By language In the governing Instrument, or

• By state legislation that effectively amends the governing Instrument so that no mandatory directions that conflict with the state lawremain In the governing Instrument? ................... ....L. X......................................................................................................

7 Did the foundation have at least $5,000 In assets at any time during the year? ...... .... ............. .......................................... ........ .. 7 X

If 'Yes,' complete Part ll, col (c), and Part XV

8a Enter the states to which the foundation reports or with which it Is registered (see instructions) ► ` Y -

PA

b If the answer Is Yes' to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate ) .3 e.

of each state as required by General Instruction G? If 'No,' attach explanation ......................................................................... 8b X

9 Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(1)(5) for calendar nlllt-eiyear 2011 or the taxable year beginning In 2011 (see Instructions for Part XIV)? If 'Yes,' complete Part X'V..... ,..__,•„••,.,••,.,..,•, •.•••..•.. 9

10 Did any ersons become substantial contributors during the tax year? if -vim - a athedu% abr^ d eaa s ........ .............. 10

Form 990-PF (2011)

12ss3112-02-11

4

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11 At any time during the year, did the foundation , directly or Indirectly , own a controlled entity within the meaning ofsection 512(b)(13)? If 'Yes,' attach schedule (see instructions) ............ ..................................................... . ...................... 11 X

12 Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?

If 'Yes; attach statement (see instructions ) ,.......... , 12 X13 Did the foundation comply with the public inspection requirements for its annual returns and exemption application ? .............. ............... 13 X

Website address ► N/A

14 The books are in care of ► BRUCE BENGTSON Telephone no.► 610 - 3 7 4 - 6 6 2 4located at ► 91 CARDINAL ROAD , READING, PA ZIP+4 610

15 Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041- Check here _.,.. „ . . .... ... ........ .. . .. ►and enter the amount of tax-exempt interest received or accrued during the year ...... ..... ► 15 N/A

16 At any time during calendar year 2011, did the foundation have an interest in or a signature or other authority over a bank, Yes No

securities , or other financial account In a foreign country? ..... ........ . . „ , ........ ..... _ _ ............ .... .., , ...... __..... 16 XSee the instructions for exceptions and filing requirements for Form TD F 90-22. 1. If'Yes; enter the name of the forei g n S

for

File Form 4720 if any item Is checked In the'Yes• column, unless an exception applies. Yes No

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

(1) Engage in the sale or exchange , or leasing of^property with a disqualified person? Yes ® No(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a^ ^^Ye.N ,^"Sr

a disqualified person? ............... ... ........ .... ................. ...... ............. ............. .... 0 Yes Ell No ^a Rpm ^ ^~^•^`'(3) Furnish goods, services, or facilities to (or accept them from ) a disqualified person? ... .. ... Q Yes ® No l .

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ....... .. .. ........ Q Yes No(5) Transfer any income or assets to a disqualified person ( or make any of either available

for the benefit or use of a disqualified person)? ... . . . ....... ................... .. ... ....... .. ....... 0 Yes ® No(6) Agree to pay money or property to a government official? (Exception. Check 'No'

If the foundation agreed to make a grant to or to employ the official for a period aftertermination of government service, if terminating within 90 days.) ........ ........ . ................. ........... C] Yes ® No

b If any answer is 'Yes' to la(1)-(6 ), did any of the acts fail to qualify under the exceptions described in Regulationssection 53.4941 (d)-3 or in a current notice regarding disaster assistance (see Instructions)? .......... N/A lb. . ......... .. . ......Organizations relying on a current notice regarding disaster assistance check here ............ .................... ... ... ..... ._

Did the foundation engage in a prior year in any of the acts described in la, other than excepted acts , that were not correctedc ONEbefore the first day of the tax year beginning in 2011?V. . 1c X..... .... ................... .... ................... .... .. .... . . ..... ...

2 Taxes on failure to distribute income (section 4942 ) (does not apply for years the foundation was a private operating foundationdefined in section 4942(j)(3) or 4942(j)(5)):

a At the end of tax year 2011, did the foundation have any undistributed income (lines 6d and 6e, Part XIII) for tax year(s) beginning Wbefore 2011? ..... 0 Yes ® No..................... .I f list the years►

b Are there any years listed in 2a for which the foundation Is not applying the provisions of section 4942(a)(2) (relating to incorrect

valuation of assets ) to the year' s undistributed income? ( If applying section 4942(a)(2) to all years listed, answer 'No' and attach 4. ,statement - see instructions.) ..... ................................................ .. ............ ............................................... N/A... 2b

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

f f I -^J i

NIN3a Did the foundation hold more than a 2% direct or indirect Interest In any business enterprise at any time

during the year? ...... ....... ......................... C] Yes 'y a

b It Yes; did it have excess business holdings in 2011 as a result of (1) any purchase by the foundation or disqualified persons after

May 26, 1969; (2 ) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose

of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C,

Form 4720, to determine if the foundation had excess business holdings in 2011 .) ...... ..... N/A... 3b

4a Did the foundation invest during the year any amount in a manner that would jeopard ize its charitable purposes? „ .... .. .................. .. 4a X

b Did the foundation make any investment In a prior year (but after December 31 , 1969) that could jeopard ize its charitable purpose that 3

Form 990-PF (2011)

12354112-02-11

51 11 ,an n A) 7RRAPA 9 AAtA AA ') A91 n i acin n*tn_ .tanrrnrnam T r 1 1 AAAAAAl

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6a During the year did the foundation pay or Incur any amount to:(1) Carry on propaganda, or otherwise attempt to Influence legislation (section 4945(e))? •.........•........•....•..• .. .... 0 Yes ® No(2) Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly,

any voter registration drive? ................................................... ........... ................................... .... 0 Yes ® No

(3) Provide a grant to an individual for travel , study, or other similar purposes? .................. . • •.................. • ... 0 Yes ® No(4) Provide a grant to an organ ization other than a charitable, etc, organization described in section

509(a)( 1), (2), or (3), or section 4940(d)(2)? . ................... .............................................. ... .... O Yes ® No(6) Provide for any purpose other than religious, charitable, scientific , literary, or educational purposes, or for

the prevention of cruelty to children or animals? •.......•,., ,•• .. ..... ... ........• • .• ...•...... .. Q Yes ® Nob If any answer Is 'Yes' to 5a(1)-(5), did any of the transactions fail to qualify under the exceptions described in Regulations

section 53 .4945 or in a current notice regarding disaster assistance ( see instructions )? • ... ...- N/AOrgan isations relying on a current notice regarding disaster assistance check here .. ... ....... ►

c If the answer Is 'Yes' to question 5a( 4), does the foundation claim exemption from the tax because it maintainedexpenditure responsibility for the grant? .... ..................... ........ • .......• ... ....... .. N/A • . -. O Yes 0 NoIf 'Yes,' attach the statement n:quired by Regulations section 53.4945-5(d).

6a Did the foundation , during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .... .. ............................. 0 Yes ® Nob Did the foundation , during the year, pay premiums, directly or Indirectly , on a personal benefit contract? ......... .. ... ...... • ...................

If 'Yes' to 6b, file Form 8870.

7a At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction ? ....•. •.........•... ._. 0 Yes ®No

6b

Information About Officers, Directors, Trustees, Foundation Managers, HighlyPaid Employees, and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation.

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

hours p er week devotedto p osition

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

d^ ceebe a tpns toune . anddeferred

s

Compensation

(e) E enseaccoun otherallowances

BRUCE BENGTSON RUSTEE91 CARDINAL ROADREADING PA 19610 5.00 0. 0. 0.RUTH A BENGTSON USTEE91 CARDINAL ROADREADING , PA 19610 5.00 0. 0. 0.

2 Compensation of five highest-paid employees (other than those Included on line 1). If none, enter °NONE.'

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

hours per weekdevoted to position

(c) Compensation^ ^n^ n ina uddeoem :

compen satio n

(e) E enseaccoun otherallowances

NONE

Total number of other employees paid over $50,000 ................................................................................................................. ► 1 0Form 990-PF (2011)

12355112-02-»

611 Z anAIR 1ar;nan l nAnAnn 'nh i nintm iaweN- 1anrnTnamTnu 9 ndndnnl

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Form 990PPF (2011) BNG FOUNDATION 23-3008332 PaceInformation About Officers , Directors, Trustees, Foundation Managers, HighlyPaid Employees, and Contractors (continued)

3 Five highest-paid independent contractors for professional services . If none, enter 'NONE.'

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

NONE

Total number of others receMn over $50,000 for professional services... .... ............... ... 1 0MUM summary of Direct Unaritable Activities

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

I N/A

2

3

4

IWT 6b Summary of Program-Related InvestmentsDescribe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount

1 N /A

2

All other program-related Investments. See Instructions.

3

Total. Add lines 1 through 3 ........................ ► 0.

Form 990-PF (2011)

1235611zo2-»

7tgnd'c 7Rr% l ndndnn 2nh 1 . ninsn RN(: PATT TnATTAW

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Form 99OPF (2011) BNG FOUNDATION 23-3008332 Page 6

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: I

a Average monthly fair market value of securities ................... ............ .173................. ........ .... .. ..... ... ._

b Average of monthly cash balances ... , . . . 1b 2 , 961.. .. ........ ....... . .............. .............. .. ............ ......

c Fair market value of all other assets ...... ..... ..... . ....... ..... ............................ .........d Total (add lines la, b, and c) ... .. .............. ... ....... .... ............... ... ...e Reduction claimed for blockage or other factors reported on lines la and

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

2 Acquisition Indebtedness applicable to line 1 assets .. . ... .... ....... .. . ..... .... .3 Subtract line 2 from line 1 d

4 Cash deemed held for charitable activities. Enter 1 112% of line 3 (for greater amount, see instructions)

5 Net value of noncharitable -use assets . Subtract line 4 from line 3. Enter here and on Part V, line 4 .....

054.

Distributable Amount (see instructions) (Section 4942(1)(3) and (f)(5) private operating foundations and certainforeign organizations check here ► LI and do not complete this part)

1 Minimum Investment return from Part X, line 6 ....................................... „ ...... 1 8 , 671.2a Tax on Investment income for 2011 from Part VI, line 5 ........... ....... 2a 108.

b Income tax for 2011. (This does not include the tax from Part VI.) ................ 2b

c Add lines 2a and 2b ................ .......... ......... .................... .................. . ... . .... .. ....... ..... 2c 108 .

3 Distributable amount before adjustments. Subtract line 2c from line 1 ...... _.. ........... ... ...... . .. 3 8 563 .4 Recoveries of amounts treated as qualifying distributions ....... ....... 4 0 .

5 Add lines 3 and 4 ..,, .._.. ...... .. . . ........ .... .... .... .. .. ... . 5 8 5 6 3.g Deduction from distributable amount (see instructions) 6 0 .

7 Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII line 1 7 8 563 .

MPMQualifying 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 ....... .,.. .la 6 , 350.

b Program-related investments - total from Part IX-B .............. lb 0... .................. ..............2 Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc., purposes ........................ 2

3 Amounts set aside for specific charitable projects that satisfy the:

a Suitability test (prior IRS approval required) .. ....................... ................ 3a... ............. ..... .b Cash distribution test (attach the required schedule ) ..................... .___________________________

4 Qualifying distributions . Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIIi, line 4 6 3 5 0 .

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

Income. Enter 1% of Part I, line 27b „ 0.. ......................... ....... .....6 Adjusted qualifying distributions . Subtract line 5 from line 4 6 , 350..... ....... ..... ...... .. ...

Note. The amount on line 6 will be used in Part V, column (b), In subsequent years when calculating whether the foundation qualifies for the section4940(e) reduction of tax in those years.

Form 990-PF (2011)

12357112.02-11

81 ARn d2S 7RcnAA 1 ndnd nn 'n1 i . nzncn ti1T( rrnrrKrnnmTnu I AAnennI

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I

Form 99o-PF (2011 ) BNG FOUNDATION 23-3008332 Pane 9

1 Undistributed Income (see instructions)

(a) (b) (c) (d)Corpus Years prior to 2010 2010 2011

1 Distributable amount for 2011 from Part XI V^''j'^;`^F--^ ^^:.' ^= '-Y, ='' `;- - ;'^';=r'`v^•^"' •:^„- "L' f-,'•; „• ^-^v?. :^t•^,-',; t'.1 ,y^",.•s r- ,^ Diu, F, C.^ .,et r {.. ., i.,ueu^' `' • ^? 1'v ''4

line7 ................................. .. ^^ . :c'1^ ! r. .L peb`syl Si^S ^^^g ;,s-K 1 ).nom .fir ^r^`.• 5 8 , 563 .^^"•,^.. .,^Kt .^.'_^i '}, ^c '<,r7,^,

^'r'i~-•;^' i"rf.^•^ `.- .i^== <y^;^^'•^ ^^,; ', ;4a-2

{ -i.'y ,^'f s s•'x-n N Y CeY^.^iUndistAbuted Incoffw% if an

y, as of the and of 2011

1;, '•s.', :=i,:1; -.^,.^ !%:ii`••§' ">^J .-8.^^•a.,:='r r., ti:;T^••-- - •7^t't '` r+ fu,.. t•_I

.. ...`-Kr^^ ? :3M: rs¢,r: :^• ^r;` ` xfi Y=1 ^:' ` 4J'a Enter amount for 2010 only 5 548

b Total for prior years : ti s ';s' r,

t t ^'+. ::-'i=^'+

%4

2

i

.

: . .

L

;'f

f

•k

"

^

.

Y

*^

S,

^

^S

'

n

,c„J

.

Y

;i

:`t

f

,

:

'+

0.

r`¢s

-

'

,,ti;

w

.

••C..i

rw

,:,

;

Stef

_F*. ,

;

Z{

.. •r

-,r

yY

-.

r, 'c%Yb, .".^c',.-N'_•^';

scj<<h°t

,'^ frf

•:_`,.'`, ,.,i

3 Excess distributions carryover t If any, to 2011: '^^`,3+ ^ i Y ^ ±,, „ ^• ^ r^,^ ^'('x ^^':,y ;t° x> ,_ •rj" `•': ,.„ j` .tif( ^21Z'-s°':;r +!-r^±„^:^^.,;1'^' _ f •r .x?ti `,`'1. 1 ? • +', `''.. ^'fi,-ry % ':'>^.°'+ r .r^^-^: ^^

a From 2006< 3^1^s4t Y . ^,5< :Y 5 . tti^' yDi W,7 ` •`1s,5^•t;^ s`' `1?S?; Yi•• sK ?:s

b From 2007 ,3._^ ^,^,, 3, s. 'ru#r ^ ,, ^1' ,* _..;f ter. ^. y =r F , - . .• ^= y, rM,; ' ' •,♦ 4^rtib+ r' ^en^ •:^^, ;,fti+-.,; w.

.Jp reb, :•1, yif'^•

c From 2008 ....... r^y`^,^a. '^,"^^',a^^:;^: t`;;{;.t^•!^.c•a. ^,'^^^• ^r Y: - fi•?;w - - r•< ^ _ '"'*^'``"s_;-: .^ ^ ,'

,_• ^. _.. .. '^^^.3.°'.•°^;^"t y:§^' £''':;^y

"><_` ^"'^.^' ;r.,^^^,^.a:;; ^'=.^, ''^,.r4•ss may. y ^ -'',.,•d From 2009

3z K-, - = ^^ •,.^^;rr•, „>_ x, CeFrom 2010 ..SY1sc.^ . .. ,^4" .. y' a' t '..-„^'1 ^,,;e;xUiKJ^'•rH; .x. ... r•^ Sa'..." . ^ _ • • 3`• a' ^ -.,'rr • f' 4g_ DSv -

f Total of lines 3a through e . --. ,..

4 Qualifying distributions for 2011 fromr^ y x , < =^X•4^ c: • q.. ^ ,.r ^ fr.^, ^.. , .,+.,, c^ , .'+'

Part Xll t line 4 6 , 350.s ' '.:,^ s ;(;"•r; .

,'-.'._ V^^.t4,L'£h.. `Y#,- r3c'.-lr -1:r•,' .'.+^. t ^^y^e:-4y ;~I,"`''.`•••'^' ^'^'^}t 1y^C`^,

a Applied to 2010, but not more than line 2a ;:_ 5 548 .

b Applied to undistributed income of prior '.e .:' . M+'

years (Election re q uired - see instructions) 0 . j rc Treated as distributions out of corpus

(Election required - see instructions ) ,• , -• 0.

d Applied to 2011 distributable amount ,•••.,•. „ 802

e Remaining amount distributed out of corpus 0 . F - s , W!6 Excess; distributions mover applied to 20 11 0 . ^a "tea :a . 0.

(If an amount appears In column (4 the same amountmust be shown in column (el) vu-

6 Enter the net total of each column asindicated below Wig; ^a ^ 4 «q" ^' .• ` ^^ v r :^ .

;

a Corpus. Add lines 3f, 4c. and 44L Subtract line 5 ..... 0. ^" ,.^^'- '^,•.:c e^^3s,•u>.:f.;•v +^i^•^.'vz^.^V,n"'_;i^„ ,.^-y,-Ste'-,r ^^'w^^^ ^-3^y`^-, ;^.•^e..^,r^ is

# .:U 1 _ s'y^y:^4b,^ A x.•.:7•. "3`'27!', y^,:•'^•'^4•^N,1<`--

i.z^:L

e.,b Prior years' undistributed income . Subtract

line 4b from line 2b ` ^' "' •^. ^^^^ .y;,^^ Ea ^'.... ...... .. ........ 9f"' !^ .. ,. ,c 0 • , <:..^: Y'.-z"n-.w.s t<ffrf^3`'^'„

.,.-C'uEvCfS ^--1>r+:Ja"--.Sw-at^":.'' -3=r', fy-^S• %'1+tr K S7 Y -, ^a':^

•s. zei.^"".'1': av -F}

ra`-»c Enter the amount of prior years ' £ - ^^'' .- ^ - ', -^'^ < , ^;` •^g •z^undistributed income for which a notice ofdeficiency has been issued , or on whichthe section 4942(a) tax has been previously ^r -assessed 0.

d Subtract line 6c from line 6b . Taxable ^' r 5

amount - see instructions HIM r 0 .e Undistributed income for 2010. Subtract line

Mxm F'h-IoW L 'S'^' ^l••_u ^a4,'^- 44a from line 2a. Taxable amount - see insV. 'm `{,0 . tar r ..-+

}` f,' ^'^'-i .J•7lr 10^re'E<^''^

N ,3.-`%K "'^T `' 1.., i^.: ),:• y.J.y^'F^

f Undistributed income for 2011. Subtract ry-^ y+;.•.i!7i^^-C ^ [T`e,jy^ ^P.'h i1' ^^i: "ct ^'• r. S4i-^ xs^'^- YL^'%-^.1^?n °'^•b`''i

lines 4d and 5 from line 1. This amount must

61.be distributed in 20127 Amounts treated as distributions out of 3` '3 y <$ ' t" .` rt =-c P _ = f%

Yc• -

corpus to satisfy requirements Imposed by , '. ,t ., .' ; ; :- ,:'; --• _ . - ' ,, _' -:' ''

section 170 (b)(1)(F)or4942 (9)(3)0 ,...•n 'r^i _"` :,.

;vim .^f; .-, .. ;;-_^'_;.-,.^"`• ., `;....: --` ^,- ^ ^:-•^ -.^•^..

g`°,Excess distributions carryover from 2006 ^,^ ^`'^y^^ 'K. • „ s `' ^'` r^'

not applied on line 5 or line 7 ..................0 ^' „ `^7,ti•''s^ ^•` ,>-.^.^ "

• ==r`r.^5:..y_s^`.....t-;'^.`'--`.".v^'::• ` ^>.,:iF=,:s

~b;:^; s`. ..v; ...,iY,-^" -yl}, r '9:- i.iY°A3'}^^?'•cj^.T°S, v"`•,.,s„<•n

9 Excess distributions ca rryover to 2012. ^s,, ;^:^^ ^fJ,p^y ^'

Subtract lines 7 and 8 from line 6a 0 .,t

WwF---

10 Analysis of line 9^M

a Excess from 2007 °tr tr ,.•_ . 1 t ,tom:=^ iii ,,yS

bExcess from 2008 '

c Excess from 2009+. ^F ^^^^ / ;,h4^ia - ,4lS .,y.,..,,k `.v^+f „'^-;' Y'nl'4^ Y^ 5L'`•§. r• _S,4<.'h`r,,, ^ ti^',,,'.^ %t i -y-:'4^t-S

-. .'`:,^ti`= :^i^ ,y.^,?Y•^ r,r+,w', "•rr..: .^' .x;vr.^c,^='" ^{^-:^'", ,.^. <4-.'r.'.w^'Sly-. `+^^."•'.d Excess from 2010 ... `^r•^.F:^ti2"+'^s•^^ ?X•L.^ k. ^ •-t ^ `^'fi , ^:rw J'^

r.;r"irti^ :' f'^?kK %d'6'^ :^'< , ` ''^' `lY;`,^';af,"r,^',^,,t+rfyAy- '•s d',^ y`.

F i^ 4^* -^ s c• mac.. ,,,_ a.'^ .v.... •x..:s•s"; '^."ti= :f^;' _ Y1e Excess from 2011 . . p ^<,_.r wf..^.^ ^, ^•^: = :^' _. r^:= - - - ,r ^^ . -r

Form 990-PF (2011)12358112-02-11

91'1 IRnd'c 7Rcnftd 1 nAndnn 7n11 ninon sMV! 11MMmnmTnW InAnAnn I

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-3008332 Page10Private Operating Foundations (see Instructions and Part Vtl-A, question 9) N/A

I a If the foundation has received a ruling or determination letter that it is a private operating

foundation, and the ruling is effective for 2011, enter the date of the ruling ................................ 10.

b Check box to Indicate whether the foundation is a p rivate op erating foundation described ih section

2 a Enter the lesser of the adjusted net Tax year Prior 3 y

Income from Part I or the minimum (a) 2011

Investment return from Part X for

each year listed .... ...... .... .

b 857 of line 2a ....... ..... ....... .c Qualifying distributions from Part XII,

line 4 for each year listed . _. . .

d Amounts Included in line 2c not

used directly for active conduct of

exempt activities ....... ........

e Qualifying distributions made directly

for active conduct of exempt activities.

Subtract line 2d from fine 2cComplete 3a, b, or c for thealternative test relied upon:

a Assets' alternative test - enter.(1) Value of all assets ........ .......

(2) Value of assets qualifyingunder section 4942(j)(3)(B)(1) ...

b Endowment' alternative test - enter2/3 of minimum Investment returnshown In Part X, line 6 for each yearlisted ...... ........................ .

c Support alternative test - enter.

(1) Total support other than grossInvestment Income (interest,dividends, rents, payments onsecurities loans (section512(a)(5)), or royalties) ........ .

(2) Support from general publicand 5 or more exemptorganizations as provided insection 4942(j)(3)(B)(iii) .......

(3) Largest amount of support from

an exempt organization ..........

(b) 2010 (c)

3 ) or 4942(j)(5)

(d) 2008 (e) Total

Supplementary Information (Complete this part only if the foundation had $5,000 or more in assetsat any time during the year-see instructions.)

1 Information Regarding Foundation Managers: -

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

BRUCE BENGTSONb 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

NONE

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

Check here ► [y] if the foundation only makes contributions to preselected charitable organizations and does not accept unsolicited requests for funds. Ifthe foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under other conditions, complete items 2a, b, c, and d.

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

BRUCE BENGTSON, 610-374-662491 CARDINAL DRIVE, READING, PA 19610

b The form in which applications should be submitted and Information and materials they should include:

WRITTEN REQUEST INCLUDING AMOUNT REQUESTED AND INTENDED USE OF FUNDS.

c Any submission deadlines:

NONE

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

ORGANIZATIONS WHICH QUALIFY AS RECIPIENTS OF FUNDS FROM A PRIVATE

FOUNDATION12se„ 12-02-11 Form 990-PF (2011)

10n nn A f+ r' rr n r. n n A 4 A n A A A •f A l l A) ft A n"n T7/\TTLTM % MV^%T 1 AA A A A A l

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11

3 Grants and Contributions Paid During the Year or Antwoved for Future Payment

Recipient If recipient is an individual,show any relationship to Foundation Purpose of grant or

Name and address (home or business) any foundation manageror substantial contributor

status ofrecipient

contribution Amount

a Paid during the year

AMERICAN GUILD OF ORGANISTS SECTION SUPPORT ACTIVITIES

475 RIVERSIDE DR SUITE 1260 01(C)(3) F MUSIC FOR YOUNG

NEW YORK . NY 10115 XEMPT PF ARTISTS 2 , 000 ,

MUSIC AT LA GESSE FOUNDATION, INC SECTION SUPPORT ACTIVITIES

RED BANK LANE 01(C)(3) F MUSIC FOR YOUNG

FORK UNION VA 23055 KXENPT PF ARTISTS 1 , 600 ,

NEW ENGLAND CONSERVATORY OF MUSIC SECTION SUPPORT ACTIVITIES

290 HUNTINGTON AVENUE 01(C)(3) F MUSIC FOR YOUNG

BOSTON . MA 02115 EXEMPT PF ARTISTS 1 250 ,

TRI-COUNTY CONCERTS ASSOCIATION SECTION SUPPORT ACTIVITIES

BOX 222 01(C)(3) F MUSIC FOR YOUNG

WAYNE PA 19087 EXEMPT PF ARTISTS 1 . 500 .

Total . ..... .............. ...... .............. 10. 3a 6 350 ,

b Approved for future; payment

NONE

Total .................. ......................................................... ................................................................ ► 3b 1 0-

Form 990-PF (2011)123011 12-02-11

11L1 380425 785084 1040400 2011 . 03050 BNG FOUNDATION 10 4040 01

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r 1

Form 990-PF (2011) BNG FOUNDATION 23-3008332 Pane 12

- Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated Unrelate d business income Exded section 512 , 513 , or 514 (e).

1 Program service revenue:

(a)Buss

(b)Amount

°sioncode

(d)Amount

Related or exemptfunction Income

ab

C

d

etg Fees and contracts from government agencies

2 Membership dues and assessments

3 Interest on savings and temporary cash

Investments

4 Dividends and interest from securities 14 5,409.5 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

10 Gross profit or (loss) from sales of inventory

11 Other revenue:

a

b

C

de

12 Subtotal. Add columns (b), (d), and (e) 0 . 5 , 409. 0.

13 Total. Add line 12, columns (b), (d), and (e) . , . ... ........ .... ...... . 13. ... 5,409.,

(See worksheet In line 13 instructions to verify calculations.)

fP Relationship of Activities to the Accomplishment of Exempt Purposes

12

A 9 nAnAAn 7nh 1 nZflGA AAT(-, laf%TTh7V 'PT (1AT

12-02-11 n %fu l i]

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Form 990-PF (2011 ) BNG FOUNDATION 23-3008332 Pape 13____WAN 11 Information Regarding Transfers To and Transactions and Relationships With Noncharitable

. Exempt Organizations

1 Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of Yes No

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

a Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash 101 ) X

(2) Other assets 102 ) X

b Other transactions:

(1) Sales of assets to a noncharitable exempt organization _ 1b 1 X

(2) Purchases of assets from a noncharitable exempt organization lb (2 ) X

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

(4) Reimbursement arrangements 1b 4 X

(5) Loans or loan guarantees _ lb ( 5 ) X

(6) Performance of services or membership or fundraising solicitations lb (6 ) X

c Sharing of facilities, equipment, mailing lists, other assets, or paid employees 1c 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 of the goods, ot

or services given by the reporting foundation. If the foundation received less than fair market value in any transaction or sharing arrangement, sh

her assets,

ow in

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

N/A

Under penalties of perjury, I declare that I have examined this return , including accompanying schedules and statements , and to the best of my knowledge

and belief, it eorred , and complete Declaration of preparer (other than taxpayer) is based on all information of which prepare has any knowledgeMay the IRS discuss this

Sign return wi'IRS

r arer

HereSignature of officer or trustee Dat

Print/Type preparer's name Preparer's signature

Paid CHARLES A. BEZLER LHARLES A.Preparer Firm's name ► PARENTEBEARD LLCUse Only

Firm's address ► P . O . BOX 311READING , PA 19603-031:

12362212-02-11

11380425 785084 1040400 2011.03050

2a Is the foundation directly or indirectly affiliated with, or related to, one or more tax -exempt organizations described

in section 501 ( c) of the Code ( other than section 501(c)(3 )) or in section 527? LI Yes ® No

h If 'Yes ' r•.mmnlete the fnllnwinn cchadule

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Schedule B Schedule of Contributors I OMB No. 1545-0047(Form 990,99G-E7,or 990-PF) 110- Attach to Form 990, Form 990-EZ, or Form 990-PF . 2011Oepa roam or the TreaueyI l al Revenue Servbe

Name of the organization Employer Identification number

RNa ;?r)"M11ATT()N 2i-,AnnAA A2

Organization type (check one):

Filers of: Section:

Form 990 or 990-EZ El 501 (c)( ) (enter number) organization

0 4947(a)(1) nonexempt charitable trust not treated as a private foundation

0 527 political organization

Form 990•PF ® 501 (c)(3) exempt private foundation

El 4947(a)(1) nonexempt charitable trust treated as a private foundation

El 501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.

Note. Only a section 501 (c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See Instructions.

General Rule

® For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, $5,000 or more (in money or property) from any one

contributor. Complete Parts I and 11.

Special Rules

EJ For a section 501 (c)(3) organization filing Form 990 or 990-EZ that met the 33 1/3% support test of the regulations under sections

509(a)(1) and 170(b)(1)(A)(v) and received from any one contributor , during the year, a contribution of the greater of (1) $5,000 or (2) 2%

of the amount on (I) Form 990, Part VIII, line 1 h , or () Form 990-EZ, line 1. Complete Parts I and 11.

El For a section 501(c)(7),(8), or (10) organization filing Form 990 or 990•Q that rece ived from any one contributor , during the year,

total contributions of more than $1,000 for use exclusively for religious , charitable , scientific, literary, or educational purposes, or

the prevention of cruelty to children or animals . Complete Parts I. II, and Ill.

Q For a section 501(c)(7),(8), or (10) organization filing Form 990 or 990-EZ that received from any one contributor, during the year,

contributions for use exclusively for religious, charitable , etc., purposes , but these contributions did not total to more than $1,000.

If this box Is checked , enter here the total contributions that were received during the year for an exclusively religious, charitable, etc.,

purpose . Do not complete any of the parts unless the General Rule applies to this organization because it received nonexclusively

religious, charitable , etc., contributions of $5,000 or more during the year. ................................................... ► $

Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990, 990-EZ, or 990-PF),

but it must answer 'No' on Part IV, fine 2 , of its Form 990; or check the box on line H of its Form 990-EZ or on Part I, line 2 of its Form 990-13F, to

certify that it does not meet the firing requirements of Schedule B (Form 990, 990-E7- or 99G-PF).

U1A For Paperwork Reduction Act Notice, seethe Instructions for Form 990, 990-EZ, or 990-PF. Schedule 8 (Form 990 , 990-a, or 990-PF) (2011)

123451 01-23-12

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Schedule B (Form 990, 990-EZ, or 990-PF) (2011) Page 2

Name of organization Employer Identification number

Contributors (see Instructions). Use duplicate copies of Part I if additional space is needed.

(a)No.

(b)Name, address, and ZIP + 4

(c)Total contributions

(d)Type of contribution

1 BRUCE BENGTSON Person If]

91 CARDINAL ROAD $ 12,044.

Payroll QNoncash L]

READING , PA 19 610

(Complete Part II if there

Is a noncash contribution.)

(a)

No.

(b)

Name, address, and ZIP + 4

(c)

Total contributions

(d)

Type of contribution

Person El

$

Payroll Q

Noncash Q

(Complete Part II if thereis a noncash contribution.)

(a)No.

(b)Name, address, and ZIP + 4

(c)Total contributions

(d)Type of contribution

Person El

$

Payroll El

Noncash Q

(Complete Part II if thereis a noncash contribution.)

(a)

No.

(b)

Name, address , and ZIP + 4

(c)

Total contributions

(d)

Type of contribution

Person 0

$

Payroll 0

Noncash Q

(Complete Part II if thereis a noncash contribution.)

(a)

No.

(b)

Name, address, and ZIP + 4

(C)

Total contributions

(d)

Type of contribution

Person El

$Payroll Q

Noncash Q

(Complete Part II If there

is a noncash contribution.)

(a)No.

(b)Name, address, and ZIP + 4

(c)Total contributions

(d)Type of contribution

Person El

$

Payroll Q

Noncash Q

(Complete Part II if there

is a noncash contribution.)

129432 01_13. 12 Schedule B (Form 990.990-EZ. or 990-PF) (20111

15

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or 990-PF) C201 1) Pape 3

Name of orpaniration Employer Identification number

BNG FOUNDATION 23-3008332

^1 a F Noncash Property (see instructions). Use duplicate copies of Part II If additional space Is needed.

(a)No.

from

Part IDescription of noncash property given

(o)

FMV (or estimate)

(see instructions)Date received

(a)No.

from

Part IDescription of noncash property given

(o)

FMV (or estimate)

(see Instructions)Date received

(a)No.

from

Part IDescription of noncash property given

MFMV (or estimate)

(see Instructions)Date received

No.

from

Part IDescription of noncash property given

(o)FMV (or estimate)

(see instructions)Date received

(a)No.

fromPart 1

Description of noncash property given

MFMV (or estimate)

(see instructions)

(CQDate received

No.from

Part IDescription of noncash property givenro

(o)FMV (or estimate)

(see lnstrvcdons)Date received

$

123453 01-23-12 Schedule 6 (Form 990 , 990-EZ, or 990-PF ) (2011)

1644 I%£n^ rrnf-^^A 4^AAA^^ nA-1 -1 A-2ACA fl%TI nnrT&T"1kmilLT 1AAAAAAt

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ScheduleName of oral

or

year. Complete columns (a) through (e) and the following line entry. For orlthe total of exclusively religious, charitable, etc., contributions of $1,000 orI lea di mtirata rnniac of Part III if arlrlitinnal cnacn is naadnd

[L

L.7-avv

1(c )(7), (8 ) , or 0 o rgan izations th at tota l moreItions completing Part III, enterfor the year. (Eats this i*rmafoo oaaa 110. $

number

4

(a) No.Ifrom

Part(b) Purpose of gift (c) Use of gift (d) Description of how gift Is held

(e) Transfer of gift

Transferee's name, address , and ZIP + 4 Relationship of transferor to transferee

(a) No.fromP

I (b) Purpose of gift (c) Use of gift (d) Description of how gift Is held

(e) Transfer of gift

Transferee's name, address , and ZIP + 4 Relationship of transferor to transferee

(a) No.fromPart I

(b) Purpose of gift (c) Use of gift (d) Description of how gift Is held

(e) Transfer of gift

Transferee's name, address , and ZIP + 4 Relationship of transferor to transferee

(a) No.Pom (b) Purpose of gift (c) Use of gift (d) Description of how gift Is held

(e) Transfer of gift

Transferee's name, address, and ZIP + 4 Relationshi p of transferor to transferee

123454 01-23-12 Schedule B (Form 990, 990-El, or 990-fF) (2011)

17'11'QnAIC 7Qc:nQA 1n AnAnn 'nh1 n zncn nwr_ unTT TnamTnta 1ndndnnl

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BNG FOUNDATION 23-3008332

FORM 990-PF DIVIDENDS AND INTEREST FROM SECURITIES STATEMENT 1

SOURCE

VANGUARD

TOTAL TO FM 990-PF, PART I, LN 4

GROSS AMOUNT

5,409.

5,409.

CAPITAL GAINS COLUMN (A)DIVIDENDS AMOUNT

0. 5,409.

0. 5,409.

FORM 990-PF TAXES STATEMENT 2

DESCRIPTION

FEDERAL EXCISE TAX

TO FORM 990-PF, PG 1, LN 18

(A) (B)EXPENSES NET INVEST-PER BOOKS MENT INCOME

44. 0.

44. 0. 0.

FORM 990-PF OTHER INVESTMENTS STATEMENT 3

DESCRIPTIONVALUATIONMETHOD

VANGUARD SECURITIES COST

TOTAL TO FORM 990-PF, PART II, LINE 13

BOOK VALUE

177,280.

FAIR MARKETVALUE

174,824.

177,280. 174,824.

(C)ADJUSTEDNET INCOME

(D)CHARITABLEPURPOSES

0.

18 STATEMENT(S) 1, 2, 311'20 nAnc ' O nOA I nAnAnn )nI i nzmmn nuts Q/1TTkmn'PT/AAT l ndndnnl