Aj & Md Ruggiero Memorial Trust in Chicago, Illinois (IL)

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Aj & Md Ruggiero Memorial Trust
Employer Identification Number (EIN)866240840
Name of OrganizationAj & Md Ruggiero Memorial Trust
In Care of NameBank One Arizona Na Ttee
Address10 S Dearborn, Chicago, IL 60603-2300
Activities4947(a)(2) trust
SubsectionCharitable Organization
Ruling Date05/1996
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationAssociation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$5,000,000 to $9,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$7,832,245
Amount of Income$4,602,011
Form 990 Revenue Amount$547,742
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations


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Amount of income in 2013: $4,602,011 (it was $2,986,864 in 2012)
Aj & Md Ruggiero Memorial Trust: 

 $4,602,011
Other organizations performing similar types of work: 

 $120,021

Assets in 2013: $7,832,245 (it was $7,822,866 in 2012)
Aj & Md Ruggiero Memorial Trust: 

 $7,832,245
Other organizations performing similar types of work: 

 $470,342

Expenses in 2013: $457,302
Aj & Md Ruggiero Memorial Trust: 

 $457,302
Other organizations performing similar types of work: 

 $61,754

Income to expenses ratio in 2013: 10.1
Aj & Md Ruggiero Memorial Trust: 

 10.1
Other organizations performing similar types of work: 

 2.0

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$466,730$465,808$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$0
Dividends and interest from securities$230,232
Gross rents$0
Gross sales price for all assets$4,370,907
Gross profit from sales of goods$0
Other income$872
Other$235,626
Total expenses and disbursements$457,302$54,926$0$401,176
Compensation of officers, directors, trustees, etc.$71,016
Pension plans, employee benefits$0
Legal fees$0
Accounting fees$1,500
Interest$0
Depreciation$0
Occupancy$0
Travel, conferences, and meetings$0
Printing and publications$0
Total operating and administrative expenses$75,821$54,926$19,695
Contributions, gifts, grants paid$381,481
Excess of revenue over expenses and disbursements$9,428
Net investment income$410,882
Adjusted net income$0
Balance Sheets
201120122013
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$7,976,988$7,946,736$7,822,866$8,111,984$7,832,245$8,271,259
Cash - non-interest-bearing$113,841$0$0
Investments-U.S. and state government obligations$0$0$0
Investments-corporate stock$2,510,349$2,311,801$2,179,807
Investments-corporate bonds$4,935,466$4,643,328$4,037,637
Investments-mortgage loans$0$0$0
Investments-other$0$485,872$853,329
Other assets$2$0
Total liabilities$1$0$0
Total liabilities and net assets/fund balances$7,976,988$7,822,866$7,832,245
Capital Gains and Losses for Tax on Investment Income
201120122013
Capital gain net income$261,773$52,932$235,626
Net capital loss$0$0$0
Excise Tax Based on Investment Income
201120122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNo
Tax based on investment income$9,881$5,174$8,218
Total credits and payments$5,200$11,120$12,376
Current year estimated tax payments and previous year's overpayment credited to current year$5,200$9,920$5,176
Exempt foreign organizations-tax withheld at source$0$0$0
Tax paid with application for extension of time to file (Form 8868)$0$1,200$7,200
Backup withholding erroneously withheld$0$0$0
Any penalty for underpayment of estimated tax$0$0$0
Tax due$0$0
Overpayment$5,946$4,158
Amount to be credited to next year's estimated tax$0$5,176$4,158
Statements Regarding Activities
201120122013
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?NoNoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNo
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?NoNo
Has the foundation filed a tax return on Form 990-T for this year?NoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?YesYes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?NoNoNo
Did any persons become substantial contributors during the tax year?NoNo
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNo
Statements Regarding Activities for Which Form 4720 May Be Required
201120122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?YesYesYes
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNo
Agree to pay money or property to a government official?NoNoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?NoNo
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNoNo
Are there any years listed above 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?NoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNoNo
Did the foundation have excess business holdings in this year 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?NoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?NoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNoNo
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)?NoNoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNo
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?NoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
Minimum Investment Return
201120122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$8,207,165$8,216,502$8,324,834
Net value of noncharitable-use assets$8,093,254$8,199,961
Minimum investment return$404,203$404,663$409,998
Distributable Amount
201120122013
Distributable amount$394,322$399,489$401,780
Undistributed Income
201120122013
Distributable amount for this year$394,322$399,489$401,780
Undistributed income for this year. This amount must be distributed in the next year$375,670$381,481$382,085
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
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
Supplementary Information (for 2013)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$0$0
Dividends and interest from securities$230,232$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Van Andel Institute333 Bostwick Ave Ne, Grand Rapids, MI 49503-2518MI1997-08$2,421,424,778
2Columbia Lutheran Charities, Columbia Memorial Hospital2111 Exchange St, Astoria, OR 97103-3329OR1976-07$73,215,117
3Buttonwood Foundation Inc11 Wall St 21st Fl, New York, NY 10005-1905NY1964-08$2,664,142
4Elk Regional Health System763 Johnsonburg Rd, St Marys, PA 15857-3417PA1994-12$1,615,248
5Lauritz Melchior Helden Tenor Foundation2403 Windrow Dr, Princeton, NJ 08540-5019NJ1964-10$1,329,825
6Leonard And Jerry Greenbaum Family Foundation Inc1440 Spring St Nw, Atlanta, GA 30309-2832GA1991-01$973,740
7Nagda Foundation Inc150 Se 17th St Suite 400, Ocala, FL 34471FL1992-07$101,423
8Mark Schulman And Esther Schulman Foundation6505 Wilshire Blvd Ste 1200, Los Angeles, CA 90048-4960CA1990-02$3,105
9Rebecca Susan Buffett Foundation548 Hyacinth Pl, Highland Park, IL 60035-1262IL1998-02$11,327,481
10Adeline & George Mcqueen Foundation Of 1960 833617470010 S Dearborn, Chicago, IL 60603-2300IL1962-08$8,355,482
11Manne Family Foundation123 N Wacker Drive, Chicago, IL 60606-1743IL1997-07$6,301,616
12Collins Family Foundation200 S Wacker Dr Ste 750, Chicago, IL 60606-5810IL1995-01$5,209,961
13Herman & Katherine Peters Foundation Corp351 W Glade Rd, Palatine, IL 60067-6831IL1997-11$5,090,466
14Aj & Md Ruggiero Memorial Trust10 S Dearborn, Chicago, IL 60603-2300IL1996-05$4,602,011
15Gertrude A Barnett FoundationPO BOX 803878, Chicago, IL 60680-3878IL1997-10$3,908,823
16Goodman Supporting Foundation30 South Wells Street No 4049, Chicago, IL 60606-5054IL1995-08$3,315,943
17Boyle Family Foundation1133 W 35th St, Chicago, IL 60609-1447IL1996-07$3,273,074
18Henry T & Clarissa H Chandler FoundationPO BOX 803878, Chicago, IL 60680-3878IL1995-07$1,982,501
19Lucretia Pyne Charitable TrustPO BOX 803878, Chicago, IL 60680-3878IL$1,812,500
20Skylark Foundation, Marc L Berman Trustee180 E Pearson St Apt 5604, Chicago, IL 60611-2185IL1995-03$1,746,367
Number of organizations performing similar types of work
Alabama57
Arkansas13
Arizona25
California194
Colorado52
Connecticut33
District of Columbia19
Delaware17
Florida265
Georgia95
Hawaii12
Iowa17
Idaho7
Illinois126
Indiana58
Kansas19
Kentucky18
Louisiana33
Massachusetts75
Maryland77
Maine8
Michigan100
Minnesota45
Missouri17
Mississippi18
Montana7
North Carolina122
North Dakota2
Nebraska18
New Hampshire11
New Jersey112
New Mexico4
Nevada17
New York230
Ohio138
Oklahoma29
Oregon20
Pennsylvania166
Rhode Island22
South Carolina27
South Dakota2
Tennessee51
Texas160
Utah24
Virginia74
Vermont8
Washington23
Wisconsin52
West Virginia16
Wyoming7
International2
Total2,744

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