1994 Charles B Degenstein Foundation in Pittsburgh, Pennsylvania (PA)

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1994 Charles B Degenstein Foundation
Employer Identification Number (EIN)237792979
Name of Organization1994 Charles B Degenstein Foundation
In Care of NameMellon Bank & S Apfelbaum
AddressPO BOX 185, Pittsburgh, PA 15230-0185
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date01/1996
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period06/2012
Assets$50,000,000 to greater
Income$10,000,000 to $49,999,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$81,164,786
Amount of Income$47,308,466
Form 990 Revenue Amount$3,243,364
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations


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Amount of income in 2012: $47,308,466 (it was $3,243,364 in 2011)
1994 Charles B Degenstein Foundation: 

 $47,308,466
Other organizations performing similar types of work: 

 $109,612

Assets in 2012: $81,164,786 (it was $83,953,591 in 2011)
This organization: 

 $81,164,786
Other organizations performing similar types of work: 

 $459,695

Financial snapshot ($)

Revenue for 2011

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$3,243,364$3,238,413$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$0
Dividends and interest from securities$1,676,150
Gross rents$0
Gross profit from sales of goods$0
Other income$-56,882
Other$1,624,096
Total expenses and disbursements$5,356,453$874,591$0$4,444,157
Compensation of officers, directors, trustees, etc.$812,221
Total operating and administrative expenses$1,237,777$874,591$325,481
Contributions, gifts, grants paid$4,118,676
Excess of revenue over expenses and disbursements$-2,113,089
Net investment income$2,363,822
Adjusted net income$0
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$83,953,591$94,404,337
Cash - non-interest-bearing$-21,097
Investments-U.S. and state government obligations$0
Investments-corporate stock$0
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$83,238,671
Other$736,017
Total liabilities$0
Total liabilities and net assets/fund balances$83,953,591
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$1,624,096
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$23,638
Total credits and payments$25,125
2011 estimated tax payments and 2010 overpayment credited to 2011$22,125
Exempt foreign organizations-tax withheld at source$0
Tax paid with application for extension of time to file (Form 8868)$3,000
Backup withholding erroneously withheld$0
Any penalty for underpayment of estimated tax$0
Overpayment$1,487
Amount to be credited to 2012 estimated tax$1,487
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?No
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$92,540,091
Net value of noncharitable-use assets$91,152,000
Minimum investment return$4,557,600
Distributable Amount (for 2011)
Distributable amount$4,533,962
Undistributed Income (for 2011)
Distributable amount for 2011$4,533,962
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$0
Unrelated Trade or Business Income (for 2009)
IncomeExpensesNet
Total$-30,852$0$-308,521
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$0$0$0
Net gain$-14$0$-11
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$-308,411$0$-30,841
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2009)
Total deductions$0
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$0
Unrelated business taxable income$-30,852
Unrelated business taxable income before net operating loss deduction$-30,852
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$-30,852
Specific deduction$0
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Van Andel Institute333 Bostwick Ave Ne, Grand Rapids, MI 49503-2518MI1997-08$1,823,572,667
2Columbia Lutheran Charities, Columbia Memorial Hospital2111 Exchange St, Astoria, OR 97103-3329OR1976-07$68,174,711
3Buttonwood Foundation Inc11 Wall St 21st Floor, New York, NY 10005-1905NY1964-08$1,950,171
4Lauritz Melchior Helden Tenor Foundation2403 Windrow Dr, Princeton, NJ 08540-5019NJ1964-10$1,329,825
5Leonard And Jerry Greenbaum Family Foundation Inc1440 Spring St Nw, Atlanta, GA 30309-2832GA1991-01$803,254
6Nagda Foundation Inc150 Se 17th St Ste 400, Ocala, FL 34471FL1992-07$101,423
7Elk Regional Health System763 Johnsonburg Rd, St Marys, PA 15857-3417PA1994-12$34,199
8Mark Schulman And Esther Schulman Foundation6505 Wilshire Blvd Ste 1200, Los Angeles, CA 90048-4960CA1990-02$6,176
91994 Charles B Degenstein FoundationPO BOX 185, Pittsburgh, PA 15230-0185PA1996-01$47,308,466
10Quaker City, Ttee 42044 01701 Horseshoe Trl, Chester Sprgs, PA 19425-1814PA1997-11$14,422,980
11Wolf Creek Charitable Foundation1600 Market St Fl 29, Philadelphia, PA 19103-7240PA1995-02$13,916,521
12The Dietrich W Botstiber Foundation200 E State St Ste 308-A, Media, PA 19063-3434PA1995-12$10,204,547
13James And Agnes Kim Foundation Inc1500 E Lancaster Avenue, Paoli, PA 19301-1500PA1998-01$7,063,220
14Salvitti Family Foundation750 E Beau St, Washington, PA 15301-6661PA1995-01$5,416,711
15Clayman Family FoundationOne Presidential Blvd Ste 200, Bala Cynwyd, PA 19004-1007PA1998-01$4,445,564
16Kinsley Family Foundation6259 Reynolds Mill Rd, Seven Valleys, PA 17360-8844PA1997-09$4,091,561
17Maslow Family Foundation Inc30 Hayfield Rd, Shavertown, PA 18708-8051PA1995-03$2,456,235
18Paul G Benedum Jr Foundation223 4th Ave Ste 1500, Pittsburgh, PA 15222-1720PA1997-05$2,112,813
19Arnold D And Winifred W Palmer FoundationPO BOX 52, Youngstown, PA 15696-0052PA1997-06$1,527,209
20Cooper-Siegel Family FoundationPO BOX 185, Pittsburgh, PA 15230-0185PA1997-06$1,432,699
21Gail E Gass Miller Trust 10186-00-J, 1513076830101n Independence Mall E, Philadelphia, PA 19106-2112PA1998-12$1,428,342
22Gilfillan M And A Charitable TrustPO BOX 609, Pittsburgh, PA 15230-0609PA1998-09$1,395,230
23Catharine A Harrison FundC/O Citizens Northern Bank 90-92 Ma, Wellsboro, PA 16901PA1966-03$1,182,999
24Pennliberty Holding Co 1900 Allegheny Bldg625 Liberty Avenue 30th Floor, Pittsburgh, PA 15222-3110PA1981-10$1,106,290
25Ithan Foundation Inc100 Four Falls Ste 300, W Conshohocken, PA 19428PA1997-08$1,086,282
26John H Sykes Charitable Foundation IncPO BOX 185, Pittsburgh, PA 15230-0185PA1997-04$1,060,869
27Leslie E Morgan Charitable Tr1600 Market Street - Tax Department, Philadelphia, PA 19103-7240PA1995-12$1,026,325
28Ochiltree FoundationPO BOX 185, Pittsburgh, PA 15230-0185PA1997-06$976,739
29Phillip H Wimmer And Betty L Wimmer Family Foundation1806 Frick Bldg, Pittsburgh, PA 15219-6102PA1996-10$971,560
30Frank L Stoner Trust U W1600 Market St, Philadelphia, PA 19103-7240PA1996-07$971,391
Number of organizations performing similar types of work
Alabama58
Arkansas13
Arizona25
California193
Colorado53
Connecticut32
District of Columbia18
Delaware17
Florida268
Georgia93
Hawaii12
Iowa17
Idaho7
Illinois122
Indiana58
Kansas19
Kentucky17
Louisiana34
Massachusetts75
Maryland78
Maine6
Michigan103
Minnesota44
Missouri17
Mississippi18
Montana6
North Carolina96
North Dakota2
Nebraska18
New Hampshire9
New Jersey117
New Mexico4
Nevada17
New York231
Ohio148
Oklahoma28
Oregon19
Pennsylvania181
Rhode Island22
South Carolina28
South Dakota2
Tennessee53
Texas162
Utah23
Virginia76
Vermont8
Washington23
Wisconsin57
West Virginia17
Wyoming7
International3
Total2,754

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