Hartwell Foundation Corporation in Memphis, Tennessee (TN)

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Hartwell Foundation Corporation
Employer Identification Number (EIN)061468749
Name of OrganizationHartwell Foundation Corporation
In Care of NameLaurence Smead
Address6000 Poplar Ave Ste 250, Memphis, TN 38119-3974
ActivitiesOther youth organization or activities
SubsectionCharitable Organization
Ruling Date05/1997
DeductibilityContributions are deductible
FoundationPrivate operating foundation (other)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2011
Assets$50,000,000 to greater
Income$25,000 to $99,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$111,840,235
Amount of Income$53,113
Form 990 Revenue Amount$45,485,934
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations


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Amount of income in 2011: $53,113 (it was $68,098,125 in 2010)
Hartwell Foundation Corporation: 

 $53,113
Other organizations performing similar types of work: 

 $97,434

Assets in 2011: $111,840,235 (it was $75,181,298 in 2010)
Hartwell Foundation Corporation: 

 $111,840,235
Other organizations performing similar types of work: 

 $303,611

Financial snapshot ($)

Expenses for 2011

Assets for 2011

Analysis of Revenue and Expenses (for 2011)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$45,485,934$45,444,634$0
Contributions, gifts, grants, etc., received$41,300
Interest on savings and temporary cash investments$6,030
Dividends and interest from securities$5,783
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Other$45,432,821
Total expenses and disbursements$8,992,483$844,226$0$7,433,694
Compensation of officers, directors, trustees, etc.$293,201
Total operating and administrative expenses$2,475,012$844,226$916,223
Contributions, gifts, grants paid$6,517,471
Excess of revenue over expenses and disbursements$36,493,451
Net investment income$44,600,408
Adjusted net income$0
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$111,840,235$123,410,774
Cash - non-interest-bearing$0
Investments-U.S. and state government obligations$0
Investments-corporate stock$0
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$110,736,526
Other$1,103,709
Total liabilities$165,486
Mortgages and other notes payable$0
Other$165,486
Total liabilities and net assets/fund balances$111,674,749
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$45,432,821
Net capital loss$0
Excise Tax Based on Investment Income (for 2011)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$446,004
Total credits and payments$642,129
2011 estimated tax payments and 2010 overpayment credited to 2011$642,129
Exempt foreign organizations-tax withheld at source$0
Tax paid with application for extension of time to file (Form 8868)$0
Backup withholding erroneously withheld$0
Any penalty for underpayment of estimated tax$0
Overpayment$196,125
Amount to be credited to 2012 estimated tax$196,125
Statements Regarding Activities (for 2011)
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2011)
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?Yes
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?Yes
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?No
Agree to pay money or property to a government official?No
At the end of tax year 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011?No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?No
Provide a grant to an individual for travel, study, or other similar purposes?No
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?No
Minimum Investment Return (for 2011)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$102,720,653
Net value of noncharitable-use assets$101,179,840
Minimum investment return$5,058,992
Distributable Amount (for 2011)
Distributable amount$4,612,988
Undistributed Income (for 2011)
Distributable amount for 2011$4,612,988
Undistributed income for 2011. This amount must be distributed in 2012$0
Private Operating Foundations (for 2011)
2011201020092008Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Marine Toys For Tots Foundation18251 Quantico Gateway Drive, Triangle, VA 22172-1776VA2006-04$295,012,655
2Connecticut Health Foundation Inc100 Pearl Street, Hartford, CT 06103-4506CT2002-10$174,299,539
3Williamsburg Community Health Foundation Inc5308 Discovery Park Blvd, Williamsburg, VA 23188-2880VA1997-02$156,093,653
4Osteopathic Heritage Foundation1500 Lake Shore Dr Ste 230, Columbus, OH 43204-3800OH2004-03$141,668,418
5United Israel Appeal Of Canada IncToronto On M2r 3v3, Canadainternational2001-05$54,245,721
6United Methodist Retirement Homes Incorporated2600 Croasdaile Farm Pkwy No A-500, Durham, NC 27705-1331NC2011-08$46,081,175
7Charles A Cannon Charitable Trust No One1525 W Wt Harris Blvd D1114, Charlotte, NC 28288-0001NC1981-09$43,447,640
8The American Electric Power System Retiree Medical Benefit Trust For, Certain Union EmployeesPO BOX 535007, Pittsburgh, PA 15253-5007PA2004-09$27,602,685
9Hugh And Charlotte Maclellan Charitabhle Trust, Maclellan Hugh O Sr Ttee820 Broad St Ste 300, Chattanooga, TN 37402-2604TN1993-09$4,550,139
10Christian Education Charitable Trust820 Broad Street Suite 300, Chattanooga, TN 37402TN1974-10$3,040,262
11Herbert A Fritch Family Foundation, Herbert A Fritch Co Ttee1 Morningside, Nashville, TN 37215-5831TN2007-07$10,899,212
12George R Johnson Family Foundation701 Market Street, Chattanooga, TN 37402-4828TN2004-04$8,578,667
13Mike Curb Family Foundation48 Music Sq E, Nashville, TN 37203-4323TN1998-12$6,835,904
14Cal Turner Family Foundation Inc138 2nd Ave N Ste 200, Nashville, TN 37201-1927TN2009-01$6,040,946
15Powell Foundation3622 Bristol Highway, Johnson City, TN 37601-1409TN2000-08$5,863,754
16Ayers FoundationPO BOX 217, Parsons, TN 38363-0217TN1999-09$4,974,469
17Lafollette Medical Foundation IncPO BOX 128, Jacksboro, TN 37757-0128TN2007-04$4,492,143
18Albert Jay Martin Family Foundation, Martin Albert Jay Ttee140 Crescent Dr, Memphis, TN 38117TN1999-11$3,546,400
19Goodfriend FoundationPO BOX 22726, Knoxville, TN 37933-0726TN2008-04$3,515,532
20Kappa Delta Private Foundation Inc3205 Players Ln, Memphis, TN 38125-9900TN2010-02$2,869,452
Number of organizations performing similar types of work
Alaska25
Alabama192
Arkansas70
Arizona288
California2,416
Colorado378
Connecticut382
District of Columbia106
Delaware539
Florida1,396
Georgia456
Hawaii80
Iowa165
Idaho53
Illinois1,024
Indiana284
Kansas148
Kentucky156
Louisiana146
Massachusetts669
Maryland401
Maine82
Michigan596
Minnesota362
Missouri307
Mississippi62
Montana62
North Carolina519
North Dakota20
Nebraska159
New Hampshire72
New Jersey843
New Mexico87
Nevada190
New York2,482
Ohio691
Oklahoma217
Oregon198
Pennsylvania1,160
Rhode Island172
South Carolina161
South Dakota27
Tennessee240
Texas1,146
Utah259
Virginia453
Vermont52
Washington359
Wisconsin355
West Virginia66
Wyoming57
International34
Total20,864

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