,_.

'

..
Return of Private Foundation

OMB

or Section 4947(a)(1) Nonexempt Charitable Trust

Treated as a Private Foundation

Form990-PF
Depanment
cl theTreasury

Note: The or amzat,on ma be able to use a co

For ca endar year 2005, or tax vear beginning
G Check all that apply
I I 1nit1al return
I Final return
Name of organization
Internal Revenue Serw:e

of this return to sat1s state re ortm re wrements

No

1545-0052

~@05

, 2005, and ending

I I Amended

return

I I

Address

change
I I Name change
EmployerIdentificationnumber

Use the IRS

label.
SARAH SCAIFE
FOUNDATION INCORPORATED
Otherwise,
Number and street (or P O box number 11mall is not delivered to street address)
print
301 GRANT STREET
or type.
See Specific ONE OXFORD CENTRE.
SUITE
3900
Instructions.
City or town, state, and ZIP code

Room/suite

25-1113452
Telephone number(see page 10 of
the instructions)

1412 I 392-2900
exemption
apphcat,cn
IS
pending,
checkhere . . . . . .

If

1 Foreign organ1zat1ans,check here

:o

2. Foreigncrgan,zatJcns
meetmg
the
PITTSBURGH.
PA 15219
85% test.checkhereandattach
H Check type of organization
l2L]Section 501(c.1Q.) exempt private foundation
computation
,
Section 494 7(a)(1 \ nonexemot charitable trust
I IOther taxable
onvate foundation
r ..1
E II prrvatelcundabcnstatuswasterminated
I Fair market value of all assets at end
J Accounting method ~ Cash
Accrual
undersectJcn507(b)(l)(A).
checkhere. ~
of year (from Part II, col (c), /me
Other (specify) _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ F If the foundation.. In a SO.month
terminaucn
16)~ $
289 533 932.
(Part/, column(d)mustbeoncashbas1s)
undersecbcn507(b)(1)(8),
checkhere . ~
(d) Disbursements
l:.F.Tii Analysis of Revenue and Expenses
(a) Revenue and
(c) Adjusted net
(b) Net investment
for charitable
(The total of amounts m columns (b), (c), and
expenses per
income
income
(d) may not necessarily equal the amounts ,n
purposes
books
column (a) (see page 11 of the mstruct1ons))
(cash basis onlv\

LJ

2
3
4

Ccnt11but,cn~ltts,
grants,etc. rece,ved
(attachschedule).
..._ X 1flhe foundation1snot requiredlo
Ch eck .,..
attachSch B
Interest on savingsand temporarycash investments
D1v1dendsand interest from securities

5 a Gross rents .................

1--~~~~~~~~+-~~~~~~~~+-~~~~~~~~4--~~~~~~~~

7.477.039.

7 477-039.

NONE

STMT 1

1----------+---------+---------+--------~--------+----------+----------+--------6.757.994.

b Net rental incomeor (loss)________

a Nel gain or (loss) fromsale ofassets not on line10
b Gross sales priceforall
35,798,129.
assets on line6a
6 757 994.
~ 7 Capital gam net income (from Part IV, hne 2) .
O::~li
,,.B Net short-term capital gain
)
~
9
Income mod1f1cat1ons
($..; ~ 0 a Grosssales less returns
f);;b
and allowances.....
1--------+--------+---------+---------+--------<:::;
~ b Less Coslofgoods sold . IL---------+----------+---------+----------+--------~ ~- c Gross profit or (loss) (attach schedule)
763.049.
NONE
STMT 2
763 049.
~ ') 1 Other income (attach schedule) . . .
14.998.082.
14 998 082.
NONE
(.=, 12
Total Add Imes 1 throuoh 11 . . .
100.797.
NONE
423.948.
524 745.
lJ..I13 Compensationof officers.d1reclors,trus~eft\.
,..____
....:::..,::_:.L...;:.._:..=.;:+----..=.c=-.L-'c.=-.:....:+-------====+------!..:.:::!..l.~..o...:::..:
3.
NONE
329.669.
329 Or-.n I,!,..
~ 14 O~er~1,p~yn~~~s~~~~0\1-----....::::..,=~~~+--------~+-------====+-------==~~~
27.175.
NONE
239. 511.
266 686.
~ 15 ~n~n~ans.~~~~~~~----=~==-=+------=~-~=-=+-------====+-------==~..::::.~
NONE
NONE
7 021.
7 021.
16 a Legal fees (alt,schfE~T~i
~\'.{ \
46. 491.
NONE
46.490.
92 981.
(l}U) b Accountmgfes (alla schedule~M
4jt-1::---"<
\ ___ :....:::.L.:-==-,-----=-=CL....=-=-:..:.+------==c:..:..::'4-----..:....="'-':..=::..:
258.668.
514. 668.
NONE
256.000.
~ c Other profes 1ona fees (a~ch\c . ~-~5~ 1-V...,,,\~_.....:::...:..c'-L.==-=+----=:..:::...<...:::..:::..::~e-------=::.!..!,;~---~=--"'-L...!::..:::.!:'....;
NONE
4.680.
NONE
41.248.
161 318.
ui 18 Taxes(attachsche ~)-( e~\~;'
,cnst'
NONE
NONE
19
Deprec1allon (atta h scfie)~
cldeplehon STMT 19 38 455.
207.002.
23.487.
NONE
230 489.
Occupancy ....
: 20
NONE
NONE
44.916.
44 916.
-c 21 Travel, conferences, and meetings .
c
NONE
IG 22
Printing and publications . . . . .
108.079.
g>23 Other expenses (attach schedule) ~TM'.1'. 1
7.242.
NONE
115 321.
GI
~
GI

c1:

~17 I~~---~~--~~,~-~-----~------~---~=~-----~

;::

:!

24

GI

a.

O 26
26
27

JSA

Total operating and administrative expenses.

468.543.
NONE
1 703 884.
Add Imes 13 through 23 . . . . . . . . . . ,..__ __,,2:J-:3::.c2e:....::::6..L;.
-2:....:7c..=2=-,.
___
--=..:..:::.L.:::....:.=.:.+------.:..:..:==::.i-----=-r....:...-=-=c..r....:c..::....:....:
15.754.500.
Contnbut1ons, gifts, grants paid . . . . . . . l---'1:.:3::!.L.::8:..7:..1:..r.->O'-'O::.O,c...:..+---------4----------4---~~:...:.-'-I-..::::.~
468.543.
NONE
17 458 384.
TotalexoensesanddisbursementsAdd lines 24 and 25
16 19 7 2 7 2 .
Subtract hne 26 from line 12

a Excesscf revenueeverexpensesanddisbursements. . 1------=1.L.:.1:,.;9~9.L.:.l:,.;9:c...;:;O...:.+---------+---------+--------b Net investment 1ncome(1f negative,enler-0~ 1--~~~~~~~~+-~~1~4~~-5~2=9~.5::.3~9~.4--~~~~~-~~~~~~-~-~~

c Ad rusted net income 111neaahve enter -0-l ..
NONE
For Privacy Act and Paperwork Reduction Act Notice, see the instructions
Form990-PF (2005)
** STMT 6

5E1410 2 000

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'1:ffl1jl'

25-1113452

Form 99:l-PF (20051

Balance Sheets

..:l:
111

Attached schedulesand amounts 1nthe

description column should be for
end-of-vearamounts onlv (See instructionsl

Cash non-interest-bearing

2
3

Savings and temporary cash investments .

Accounts receivable .... ___________________

Less allowance for doubtful accounts .... _________

Pledges receivable ...._______________________

Less allowance for doubtful accounts .... _____________

Grants receivable
.

22.577.
2 770 777.

22.577.
2 770 777.

NONE t--------"2'""6'-L.o.=c'3 ....

6'-0"---'-l.1---------"N~O~N""'""E=t---------'N:.:..::O:..:.N::..:E
_

1----------11-----------t----------

Receivables due from officers, directors, trustees, and other

d1squahf1ed persons (attach schedule) (see page 15 of the 1nstruct1ons)

t-------------11-----------t---------Other notes and loans receivable (attach schedule) .... ____
_

t-------------11-----------t----------

Less allowance for doubtful accounts .... _____________

Inventories for sale or use

STITT .8.

Prepa1dexpensesanddeferredcharges.

12
13
14
15
16

STITT lP.
l)..

23

Investments - other (attach schedule) .

Land, buildings,and
....
equipment basis
Less accumulateddeprec1at1on
....
'
(attach schedule)
_______________

Ill

24
; 25
26

"O

7 4 9 '- 3___
19

104.

113 6 3 f------=-=-..r.....;::..::;..::;..:+------..:....::'-'--1=..::8:...,.
7 5 18 8
75 8
1-----=-==-'L..::'--'4:...::....,

200.755.442.

Also see oaae 1 item 1\

Grants payable

197.646.951.

289.533.932.

4.990.000.

3.106.500.

Deferred revenue
Loans from officers. directors,trustees, and other d1squahfied
persons
Mortgages and other notes payable (attach schedule) .
) 1-------------11------------1

Other hab1ht1es(describe .... ___________________

Total hab1hlles (add lines 17 throuah 22)

Unrestricted

4 990

000.

3 106 500.

that follow SFAS 117, check here ....

lines 24 through 26 and lines 30 and 31.

195

765.442.

194

195

765

194. 540. 451.

540

451.

Temporarily restricted
Permanently restricted

: 29
~ 30

Retained earnings, accumulatedincome endowment,or other funds

....

Paid-in or capital surplus, or land, bldg . and equipmentfund

Total net assets or fund balances (see page 17 of the
instructions)

31

10 174

Accounts payable and accrued expenses

..
QI

6,039,746.

) t-------------1,-----------t----------

Other assets (describe .... ____________________

Total assets (to be completed by all filers - see page 16 of

Capital stock, trust principal, or current funds

888.

82 4 507

Organizations that do not follow SFAS 117,

check here and complete lines 27 through 31.

28

7,263

STITT l2.

c
:::,
u.

...
0 27

1-------------1~---------t----------

STMT 19- - - -'- - - - ~

Organizations
and complete
~

Less accumulateddeprec1at1on....
(attach schedule)
- - - - - - - - - - - ________
lnvestments - mortgage loans

the instructions

17
18
Ill 19
QI
~ 20
jj
21
~ 22

28.823.
6.667.
6.667.
1-----=6-=2:...r......:.4-=3-=2=--,'-=8-=1:..:5~.
f-----'6=-0=-..r..--4:..4=-4.=...L...,0:..6:..5:=-..a.+----=5-=9'
116.347
782.
123.247.802.
211 994 031.
6,088
440.
5,040,129.
5 011 749.

Investments - US and state governmentobhgat1ons

(attach schedule)*:

b lnvestments-corporatestock(attachschedule).

QI

(cl Fair Market Value

(bl Book Value

NONE

c lnvestments-corporatebonds(attachschedule)
STITT
11
Investments
- land,
buildings,
....__________________
and
equipment
basis

Ill

(a) Book Value

9
~ 10 a

End of year

25,805.
8.427
886.

Paae2

Beginning of year

442.

Total hab1ht1es and net assets/fund balances (see page 17 of

the 1nstruct1ons) .

Ulfl1jj1
Analysis

200.755,442.

197,646.951.

of Changes in Net Assets or Fund Balances

1 Total net assets or fund balances at beginning of year - Part II, column (a), hne 30 (must agree wrth
end-of-year figure reported on prior year's return)

2 Enter amount from Part I, hne 27a

3
4
5
6

Other increases not included in line 2 (itemize) ...._________________________

Add lines 1, 2, and 3
Decreases not included in hne 2 (itemize) ...._____

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

SEE STATEMENT 13 ___________________

Total net assets or fund balances at end of year (line 4 minus hne 5) - Part II column (bl. line 30 .
**STMT

1
2
3
4
5
6

195 765 442.

-1.199.190.
566 252.
25,801.
194 540.451.
Form 990-PF (2005)
194

JSA
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V05-6

Form 990-PF(2005)
uCapital

Income

(b) How
(c) Date
acquired
acquired
P-Purchase(mo
D-DonatJon , day, yr)

(a) List and describe the kmd(s) of propertysold (e g , real estate,

2-story bnck warehouse, or commonstock, 200 shs MLC Co)

1a

Page3

?5-1113115?

Gains and Losses for Tax on Investment

::,::T,, ..

ld)
Date sold
mo, day, yr)

STATEMENT 24

c
d

e
(e) Gross sales pnce

(g) Cost or other basis

plus expenseof sale

(f) Depreciation allowed

(or allowable)

(h) Gain or (loss)

(e) plus (f) minus (g)

a
b

c
d

e
Complete

only for assets showing gain m column (h) and owned bv the foundation on 12/31/69

(I) Gains (Col (h) gain minus

col (k), but not less than -0-) or
Losses (from col. (h))

(k) Excessof col (1)

over col (J), 11any

(J) Adjusted basis

(1) FM V as of 12/31/69

as of 12/31 /69

a
b

c
d

e
If gain, also enter 1n Part I, hne 7
If (loss), enter -0- 1nPart I, hne 7
2
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6)
If gain, also enter m Part I, line 8, column (c) (see pages 13 and 17 of the mstructJons)
If (loss), enter -0- 1nPart I, hne 8 __ . _ ....
____ ..................
3
1::.,.1oa,
Qualification Under Section 4940(e} for Reduced Tax on Net Investment Income

2 Capital gain net income or (net capital loss)

.....

...

}
}

6,757,994.

(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 organization liable for the section 4942 tax on the distributable amount of any year m the base penod?. . . .
If "Yes," the organization does not qualify under section 4940(e) Do not complete this part
1 Enter the appropriate

BaseperiodyearsCalendaryear
(or tax vearbeginning1nl
2004

(b)
Adjustedqualifyingd1stnbullons
15.662
022.
15,766.052.
16.962.136.
19,520.180.
22.741.995.

2003
2002
2001
2000

(d)

(c)

282.467.139.
268.736.081.
290. 472.
330.938

551.
881.

Enter the net value of noncharitable-use

Multiply line 4 by line 3

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

Add Imes 5 and 6

0.29045446373

..

0.05809089275

..........

286

448

540.

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

16

640

051.

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

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

--

assets for 2005 from Part X, hne 5

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

0.05896059490

385.715.155.

Total of line 1, column (d) ...................................

Average d1stribut1on ratio for the 5-year base period - d1v1dethe total on line 2 by 5, or by
the number of years the foundation has been m existence 1fless than 5 years

D1stnbut1on
ratio
(col CbldMdedbv col fell
0.05544723558
0.05866741802
0.05839497034
0.05898424489

Netvalueof nonchantable-use
assets

.......

. .......

........

145. 295.
16.785

346.

.......

8
17.458.384.
Enter qualifying d1stribut1ons from Part XII, hne 4 _ .
.
. .. .
line 8 1sequalto or greaterthan line 7, checkthe boxin PartVI, line1b, andcompletethatpartusinga 1% taxrate Seethe PartVI instructions
on page18
Form990-PF (2005)

If
JSA

[Kl No

amount m each column for each year, see page 18 of the instructions before making any entries

(a)

2
3

Yes

5E1430 1 000

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...

Forrn990-PF(2005)

25-1113452

Excise Tax Based on Investment

1:#ffiilJJI

1 a Exempt operating foundationsdescnbedm section 4940(dl(2), check here ....

Date of ruhng letter

_________

Page4

Income {Section 4940(a), 4940(b), 4940(e), or 4948 - see page 18 of the Instructions)

LJ and enter "N/A" on hne1

(attach copy of ruling letter If necessary - see instructions)

b Domestic organizations that meet the section 4940(e)

requirements m Part V, check

14 5. 2 9 5

enter 1% of Part I, hne 27b .

here .... Wand
c All other domestic organizationsenter 2% of lme 27b Exemptforeign organizationsenter 4% of Part I, lme 12, col (b)
2

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

Add Imes 1 and 2

1--'2=--+----------3

Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only Others enter -0-)

Tax based on investment income. Subtract line 4 from hne 3. If zero or less, enter -O-

145.295.

135.212.

145.295.
NONE

Cred1ts/Payments.

a 2005 estimated tax payments and 2004 overpayment credited to 2005

6a

b Exempt foreign organizations - tax withheld at source

6b

NONE

c Tax paid with application for extension of time to file (Form 8868).

6c

NONE

d Backup withholding erroneously withheld

6d

135.212.

Total credits and payments. Add Imes 6a through 6d .

Enter any penalty for underpaymentof estimatedtax Checkhere

9
1O
11

1fForm 2220 1sattached

Tax due. If the total of Imes 5 and 8 is more than hne 7, enter amount owed
Overpayment. If hne 7 1s more than the total of lines 5 and 8, enter the amount overpaid
Enter the amount of hne 10 to be Credited to 2006 estimated tax....

....1--9~+------.......;l:;:..;;;.O.L
...._1_0__________
Refunded .... 11

NONE

....;O;_B;c,=..;3.
_

1::,,r.am11r,w Statements Regarding Activities

1 a During the tax year, did the organization attempt to influence any national, state, or local legislation or did

Yes

No

11part1c1pate or intervene in any political campaign? 1--1'-'a:.......j.---+---=-X:...

b Did 11spend more than $100 during the year (either directly or indirectly) for polrt1calpurposes (see page
19 of the instructions for definrt1on)?

1--'1-=b~_ __,f-..:aX:...

If the answer is "Yes to 1a or 1b, attach a detailed description of the activities and copies of any materials
publtshed

or d1strtbuted by the organization m connection with the act1vtt1es.

...............---------

Did the organization file Form 1120-POL for this year?

d Enter the amount (1f any) of tax on poht1cal expenditures (section 4955) imposed dunng the year
11) On the organization .... $
12) On organizationmanagers .... $ __________

1c

e Enter the reimbursement (1f any) paid by the organization during the year for political expenditure tax imposed
_
on organization managers .... $ _________
2

Has the organization engaged m any act1v1t1esthat have not previously been reported to the IRS?
If "Yes, attach a detailed description of the act1vtt1es

Has the organization made any changes, not previously reported to the IRS, 1nrts governing instrument, articles

4a

4b

Was there a hquidat1on, termination, dissolution, or substantial contraction dunng the year?
If

x
x

4a

Did the organization have unrelated business gross income of $1,000 or more dunng the year?

b If "Yes," has 11filed a tax return on Form 990-T for this year?

of incorporation, or bylaws, or other s1m1larinstruments? If "Yes, attach a conformed copy of the changes

ves, attach the statcrnentraq;;;;ad by General instruct,on T

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either

By language in the governing instrument, or

By state leg1slat1onthat effectively amends the governing instrument so that no mandatory d1rect1ons
that conflict with the state law remain in the governing instrument?

Did the organization have at least $5,000 m assets at any time during the year? lf"Yes, complete Part II, col (c), and Part XV.

x
x

Ba Enter the states to which the foundation reports or with which 111sregistered (see page 19 of the
instructions)

.... PA.L ______________________________

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

b If the answer 1s "Yes" to line 7, has the organization furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No, attach explanation

t-""B=b--t--X--1--

Is the organization claiming status as a private operating foundation within the meaning of section 4942())(3)
or 4942())(5) for calendar year 2005 or the taxable year beginning in 2005 (see instructions for Part XIV on
page 26)? If "Yes, complete Part XIV
Did any persons become substantial contributors dunng the tax year? If "Yes. attach a schedule listing the,r names and addresses

10

11

Did the organization comply with the pubhc inspection requirements for its annual returns and exemption apphcat1on?

11

12

Web site address .... _____ NjA ____________________

FOUNDATION
The books are m care of .... _ SARAH SCAIFE
Located at .... 301 _GRANT _STREET

13

L_SUITE_

3900..,_

-----INC.

1O

---------------------------------------_________
Telephone no ....__ 412-392-2900
_______

PITTSBURGHL_PA

____

ZIP+4 .... 15219

________________

Section 494 7(a)(1) nonexempt charitable trusts f1hngForm 990-PF m lieu of Form 1041 - Check here
and enter the amount of tax-exem t interest received or accrued durin the ear .... 13

NI A.

.......

....

Form 990-PF (2005)

JSA
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Form 990-PF (./005)

l:.F.T'~ll!l:

25-1113452
Statements Regarding Activities for Which Form 4720 May Be Required

Page5

File Form 4720 If any item Is checked In the "Yes" column, unless an exception applies.

Yes No

1a During the year did the organization (either directly or indirectly)

[i)

OYes

(1) Engage in the sale or exchange, or leasing of property wrth a disqualified person?
(2) Borrow money from, lend money to, or otherwise extend credrt to (or accept rt from)
a disqualified person?
(3) Furnish goods, services, or fac1lrt1esto (or accept them from) a d1squahfiedperson? . .

Yes

No

Yes

No

(4) Pay compensation to, or pay or reimburse the expenses of, a d1squahf1ed
person S'f1'.:1T
14-16 & 18 X Yes
(5) Transfer any income or assets to a d1squahfiedperson (or make any of either available

0Yes

for the benefit or use of a d1squahfiedperson)?

No

No

[i]

No

[i]

No

(6) Agree to pay money or property to a government official? (Exception. Check "No"

1f the organization agreed to make a grant to or to employ the official for a period
after termination of government service, 1f terminating within 90 days)
b

Yes

If any answer is "Yes" to 1a(1)-(6), 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 (see page 20 of the instructions)?
Organizations relying on a current notice regarding disaster assistance check here

1b

1c

Did the organization engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning 1n2005?

Taxes on failure to distribute income (section 4942) (does not apply for years the organization was a pnvate

operating foundation defined in section 49420)(3) or 4942(1)(5))

a At the end of tax year 2005, did the organization have any und1stnbuted income (hnes 6d
and 6e, Part XIII) for tax year(s) beg1nnrngbefore 2005?
If "Yes," hst the years .... __________
, _________
, _________
, ________
_

[i]

Yes

No

b Are there any years listed in 2a for which the organization 1snot 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 hsted, answer "No" and attach statement - see page 20 of the instructions )
c

If the prov1s1onsof section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here

~
3a
b

2b

----------

---------

'---------

---------

Did the organ1zat1onhold more than a 2% direct or indirect interest in any business

enterprise at any lime during the year?

If "Yes," did rt have excess business holdings 1n2005 as a result of (1) any purchase by the organization

[i]

Yes

No

or drsqualif1ed persons after May 26, 1969, (2) the lapse of the 5-year period (or longer period approved
by the Commrss1oner under sectron 4943(c)(7)) to dispose of holdings acqurred by gift or bequest, or (3)
the lapse of the 10-, 15-, or 20-year first phase holdrng period? (Use Schedule C, Form 4720, to determine
if the orgamzat,on had excess business holdings in 2005)
4a
b

3b

. . . .

Ord the organrzatron invest during the year any amount in a manner that would Jeopardize rts charitable purposes?

4a

4b

Ord the organization make any investment rn a prior year (but after December 31, 1969) that could Jeopardize rts charitable
purpose that had not been removed from Jeopardy before the first day of the tax year beginning in 2005?

5 a During the year drd the organization pay or incur any amount to
(1) Carry on propaganda, or athe!"Nise attempt to n1fluence leg!s!at1on(sect!on 4945(e))?

[x]

No

DYes

[ii
[i]

No

0Yes

[i]

No

[i]

No

Oves

(2) Influence the outcome of any spec1frc public election (see sectron 4955); or to carry

0Yes

on, drrectly or rndrrectly, any voter regrstrahon drrve?

(3) Provrde a grant to an indrvrdual for travel, study, or other s1mrlarpurposes?

No

(4) Provide a grant to an orgamzatron other than a charitable, etc, organization described
rn section 509(a)(1 ), (2), or (3), or section 4940(d)(2)?
(5) Provrde for any purpose other than relrgrous, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty lo children or animals?

b

Yes

If any answer 1s"Yes" to 5a(1)-(5), did any of the transactions fail to qualify under the exceptions described rn

.
.... 0

Regulations section 53 4945 or in a current notice regarding disaster assistance (see page 20 of the instructions)?
Organizations relyrng on a current notice regarding disaster assistance check here
c

NJIA

5b

If the answer 1s "Yes" to question 5a(4), does the organization claim exemption from the
tax because 1tmaintarned expenditure respons1b1lrtyfor the grant?

.N/f..

0Yes

0No

[i]

If "Yes, attach the statement required by Regulations section 53.494:rS(d).

6a

Did the organization, during the year, receive any funds, directly or indirectly, to pay

premiums on a personal benefit contract?

b Did the organrzat1on, during the year, pay premiums, directly or indirectly, on a personal benefit contract?
If you answered "Yes to 6b, also file Form 8870

Yes

No

6b

Form

990-PF

JSA
SE 1450 1 000

77270J

770C

05/08/2006

16:39:46

V05-6

(2005)

25-1113452

Forrf1 990-PF (2005)

Page

i:Jffilf]IIIInformation

About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,

and contractors
List all officers, directors, trustees, foundation managers and their compensation (see page 21 of the Instructions).

(b) Title, and average

hours per week
devoted to oos1t1on

(a) Name and address

-

--------------------------------ATEMENTS 14 - 16
sEE ST

~c) Compensation
( f not paid,enter
~)

(di Contributions to
employee boner~ plans
and deferred comcensatlon

(e) Expense account,

other allowances

79,850.

524,745.

NONE

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

Compensation of five highest-paid

If none, enter "NONE."

employees (other than those Included on lme 1 . see page 21 of the Instructions).

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

(b) Title and average

hours per week
devoted to posrt1on

------------------------------------SEE STATEMENT 17

(c) Compensation

(d) Contnbut1ons to
employee benefrt
plans and deferred
compensation

110,600.

(e) Expense account,

other allowances

25,900.

NONE

------------------------------------------------------------------------------------------------------------------------------------------------Total number of other employees paid over $50,000

3
Five highest-paid Independent contractors for professional
"NONE."

-~INONE
services - (see page 21 of the Instructions). If none, enter

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

(b) Type of seMce

(c) Compensation

SEE STATEMENT 18

833

Total number of others receiving over $50,000 for professional services ............................

I NONE

1iff1tff

230.

Summary of Direct Charitable Activities

List the foundation's four largest direct charitable activities dunng the tax year Include relevant stabst1cal1nformat1onsuch as the number
of organizations and other benefic1anes served, conferences convened, research papers produced, etc

Expenses

1_NOT_APPLICABLE ____________________________________________________________

2 ___________________________________________________________________________

Form

990-PF

JSA
5E14601000

77270J

770C

05/08/2006

16:39:46

V05-6

(2005)

Form990~F (2005)

25-11134

52

Page

Summary of Program-Related Investments (see page 22 of the instructions)

1::r.1....... :

Describethe two largestprogram-related

investments
madebythefoundation
dunngthetaxyearon lines1 and2

Amount

1 _NOT APPLICABLE-----------------------------------------------------------

All other program-related

investments
Seepage22 ofthe1nstruchons

3 _ NONE ______________________

-----

______________________

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

-----

Total. Add Imes 1 through 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ~

l::6m
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundabons,

see page 22 of the instructions.)

1
a
b
c
d
e

Fair market value of assets not used (or held for use) directly 1ncarrying out charrtable, etc,
purposes
Average monthly fair market value of securrtres
Average of monthly cash balances_
Fair market value of all other assets (see page 23 of the 1nstruct1ons).
Total (add Imes 1a, b, and c).
Reduction claimed for blockage or other factors reported on hnes 1a and

1a
1b
1c
1d

..

5
6

i:iffil:41 Distributable

1
2a
b
c
3

4
5
6
7

foundations

2
3

290. 810. 701.

4
5
6

4 362
286 448
14 322

NONE

161.
540.
427.

Amount (see page 23 of the instructions) (Section 4942(J)(3) and (J)(5) private operating

and certain foreign organizations check here

~n

and do not complete this part )

Minimum investment return from Part X, line 6 .

Tax on investment income for 2005 from Part VI, hne 5
~~
I 2b I
Income tax for 2005 (This does not include the tax from Part VI ) .
Add Imes 2a and 2b
Distributable amount before adjustments Subtract hne 2c from hne 1
Recoveries of amounts treated as qualifying d1stnbubons
Add Imes 3 and 4
Deduction from distributable amount (see page 24 of the instructions) .
Distributable amount as adjusted Subtract hne 6 from hne 5 Enter here and on Part XIII,

i i

145

line 1

Distributions

14 322.427.

2c
3

145.295.
14.177.132.

4
5
6

14.177.132.

14.177.132.

1a
1b

17.458.384.

295.

..

htfff31iQualifying

NONE
290.810.701.

1e
1c ( attach detailed explanation) . . . . . . . . . . . .
Acqu1s1t1onindebtedness applicable to line 1 assets
Subtract line 2 from line 1d
Cash deemed held for charitable act1vrt1esEnter 1 1/2 % of hne 3 (for greater amount, see page 23
of the instructions)
Net value of noncharitable-use assets. Subtract hne 4 from line 3 Enter here and on Part V, line 4
Minimum investment return. Enter 5% of line 5 .

2
3
4

290.783.678.
27 023.

NONE
NONE

(see page 24 of the instructions)

Amounts paid (including admm1strat1ve expenses) to accomplish charitable, etc , purposes

1
a
b
2

Expenses, contributions, gifts, etc - total from Part I, column (d), hne 26 ..........
Program-related investments - total from Part IX-8 . . . . . . . . . . . . . . . . . . . . . . .
Amounts paid to acquire assets used (or held for use) directly in carrying out charrtable, etc,

.......

3
a
b

4
5
6

.......

NONE

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

2
purposes
NONE
.
.
...
...
Amounts set aside for spec1f1ccharitable projects that satisfy the
3a
Su1tab1htytest (prior IRS approval required)
NONE
3b
Cash d1stribut1on test (attach the required schedule)
NONE
4
Quahfymg distributions. Add Imes 1a through 3b Enter here and on Part V, hne8, and Part XIII, hne4
17 458 384.
Organizations that qualify under section 4940(e) for the reduced rate of tax on net investment
5
income Enter 1% of Part I, hne 27b (see page 24 of the 1nstruct1ons)
145.295.
6
Adjusted qualifying distributions. Subtract hne 5 from hne 4
17 313 089.
Note: The amount on /me 6 will be used m Part V, column (b), m subsequent years when ca/culatmg whether the foundation
qualifies for the section 4940(e) reduction of tax m those years

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

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

Form990-PF (2005)
JSA
5E14701

ODO

77270J

770C

05/01/2006

17:09:30

V05-6

Form 990-PF (2005)

25-1113452

1:fbfjjj1Undistributed
1

Distributable
line 7

Page8

Income (see page 24 of the instructions)

amount for 2005

(b)
Years prior to 2004

(a)
Corpus

from Part XI,

(c)
2004

(d)
2005

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

14.177.132

Und1stnbutedincome, 1f any, as of the end of 2004

.........

a Enter amount for 2004 only

NONE
NONE

b Total for pnor years

Excess d1stribut1ons carryover, 11any, to 2005

3
a

3.867.037.
3 642.972.
2.616.074.
2.505.328.
1 779 880.

From 2000

b From 2001
c

From 2002

d From 2003
e

From 2004

Total of Imes 3a through e

Qualifying

. . . ........

d1stribut1ons for 2005

XII, line 4 ~ $

from

14 411

291.

Part

17,458,384.
NONE

a Applied to 2004, but not more than line 2a ...

b Applied to undistributed income of prior years
(Election required see page 25 of the instructions)

NONE

c Treated as d1stribut1ons out of corpus (Election

required - see page 25 of the instructions)
e

14.177.132.

Remaining amount distributed out of corpus ..

Excess d1stribut1ons carryover applied to 2005
(If an amount appears ,n column (d), the
same amount must be shown ,n column (a))

Enter the net total of each column

indicated below:

a Corpus

NONE

.....

d Applied to 2005 distributable amount.

3 281

252.

as

17.692

Add Imes 31, 4c, and 4e Subtract line 5

543.

income Subtract
b Prior years' undistributed
line 4b from line 2b
c Enter the amount of prior years' undistributed
income for which a notice of def1c1ency has
been issued, or on which the section 4942(a)
tax has been previously assessed . . . . . . .
0

NONE

NONE

d Subtract
line 6c from line 6b
Taxable
amount - see page 25 of the instructions
e Und1stnbuted income for 2004 Subtract line
4a from line 2a Taxable amount
see page
25 of the 1nstrucllons

....

NONE

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

Undistributed
Subtract
income for 2005
Imes 4d and 5 from line 1 This amount must
be distributed 1n 2006 ..........
...
Amounts
treated as d1stribut1ons out of
corpus to satisfy requirements imposed by
section 170(b)(1 )(E) or 4942(9)(3) (see page
25 of the instructions) . . . . . . . .
Excess d1stribut1ons carryover from 2000 not
applied on line 5 or line 7 (see page 25 of
the instructions) . . . . . . . .

Excess distributions

carryover

to 2006.

Subtract Imes 7 and 8 from line 6a

. . . . ..

NONE

NONE
3.867.037.
13.825.506.

Analysis of line 9

10

Excess from 2001

b Excess from 2002

c

Excess from 2003

Excess from 2004

e Excess from 2005

3.642
972.
2.616
074.
2.505.328.
1. 779. 880.
3.281.252.
Form 990-PF (2005)

JSA
5E1480 1 000

77270J

770C

05/01/2006

17:09:30

V05-6

10

Form 990-PF t2005)

::E:i.
1a

IU

25-1113452

2a

NOT APPLICABLE

has received a ruling or determ1nat1on letter that rt 1s a private operating

If the foundation

and the ruling 1s effective

foundation,
b

Page9

Private Operating Foundations (see page 26 of the instructions and Part VII-A, question 9)

Check box to indicate whether

Enter the lesser of the
adjusted net income from
Part I or the minimum
investment return from Part
X for each year listed

85% of line 2a

aualofyingd1stnbut,ons
fromPan

.....

for 2005, enter the date of the ruling

the organization

1s a private operating

foundation

Tax year

described in section

4942())(3) or

I I

4942())(5)

Prior 3 years

(a) 2005

(b) 2004

(c) 2003

(e) Total
(d) 2002

XII, line 4 for each year listed

Amounts included m luie 2c not

used directly for active conduct

of exempt actlVlties,
Cuallfy1ng d1str1butions

made
directly tor active conduct of
actrvrt.,es
exempt
Subtract
hne 2d from hne 2c

Complete

3a, b, or c for the

altemauve test rehed upon

Assets alternative test - enter

(1) Value of all assets

(2) Value of assetsqualifying
under sect10n

4942(J)(3XBH),
"Endowmenr alternatt.'e
enter 2/3

of minimum

testinvest-

ment return shown 1n Part X

line 6 for each year listed

supporr

alternatN"e test - enter

( 1) Total suppol1 other than

gross

investment

income

(,nterest, dMdends rents,

payments on securntes
leans (sect,on 512(a)(5)),
or royalties)
general
(2) Suppon from
public and 5 or more
exempt organizations as
provided m sectlOn 4942

(JXJ)(BHIU)

(3) Largest amount of support from

organization

(4)

an exempt

G rcss investment Lncome

1:r...o:u Supplementar~

lnform~tion (Complete this part only if_the org~nization had $5,000 or more in
assets at any time during the year - see page 26 of the instructions.)

Information

Regarding

Foundation

Managers:

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 tax year (but only 1f they have contributed more than $5 000) (See section 507(d)(2))

N/A
b List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest

N/A
2

Information

Regarding

Contribution,

Grant,

Gift,

Loan,

Scholarship,

etc.,

Programs:

Check here..,..
1f the organization only makes contributions to preselected charitable organizations and does not accept
unsohc1ted requests for funds If the organization makes gifts, grants, etc (see page 26 of the instructions) to ind1v1duals or
organizations under other cond1t1ons, complete items 2a, b, c, and d

a The name, address, and telephone number of the person to whom apphcat1onsshould be addressed

SEE STATEMENT ;,u)~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

b The form 1nwhich apphcat1ons should be submitted and information and materials they should include
SEE STATEMENT 20
c Any subm1ss1on deadlines
SEE STATEMENT 20
d

Any restrictions
factors

or lim1tat1ons on awards, such as by geographical

areas, charitable

fields, kinds of institutions,

or other

SEE STATEMENT 20
JSA
5E1490 1 000

77270J

Form 990-PF (2005)

770C

05/01/2006

17:09:30

V05-6

11

25-1113452

Form 990-PF (2005)

i:,,ftjf:\!JSupplementary lnfonnation (continued)

3

Page

10

Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient
Name and address (home or business)

recipient
IS anUldr.ndual,
Foundation
showanyrelationship
to
status of

II

any roundatx>n
manager
or substantial contnbutor

rec1p1ent

Purpose of ~rant or
contnbu ,on

Amount

a Paid dunng the year

15,754,500

SEE STATEMENTS 21 & 22

... 3a

Total
pa; ment
b Jlpproved for fl..1ture

15 754 500.

3,106,500.

SEE STATEMENT 22

... 3b

Total

3.106.500.
990-PF (2005)

Form
JSA
5EU91

1 000

77270J

770C

05/08/2006

16:39:46

V05-6

12

Form,990-PF (2005)

~--,--.-
......
_,_Analysis

Page

25-1113452

11

of Income-Producing Activities

Enter gross amounts unless otherwise indicated

1 Program service revenue

Unrelated business income

(a)
(b)
Business
Amount
code

Excluded b1 section 512, 513, or 514

(c)

Exclusion
code

(d)

Amount

(e)
Related or exempt
function income
~ee page 26 of
I e instructions l

a
b
c

f
Fees and contractsfrom governmentagencies

2 Membership dues and assessments . .

3 Interest on saV1ngs
and temporarycash investments
4 D1v1dendsand interest from secunt1es

...

14

7,477,039.

18

6.757.994.

5 Net rental income or (loss) from real estate

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

Debt-financed property

Nol debt-financed property

6 Net rental income or (loss)from personalproperty

7 Other investment income

.........

8 Gain or (loss) from salesof assetsotherthan inventory

9 Net income or (loss) from special events

..

1 O Gross profit or (loss) from sales of inventory.

11 Other revenue a

VENTURE

OTHER

FUND

INC.

900000

-40.669.

INCOME

14

744,478.

01

59.240.

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

-40.669.

13 Total. Add line 12, columns (b), (d), and (e}. ............
(See worksheet m line 13 instructions on page 27 lo venfy calculations)

~l~
..,...
,=
Line No

...

15

038

751.

13

14,998,082.

Relationship of Activities to the Accomplishment of Exempt Purposes

Explain below how each act1v1ty for which income 1s reported in column (e) of Part XVI-A contributed
importantly
to
the accomplishment
of the orgarnzat1on's
exempt purposes (other than by providing
funds for such purposes)
(See
page 27 of the instructions )

NOT

APPLICABLE

Form990-PF (2005)

JSA
5E14921000

77270J

770C

05/01/2006

17:09:30

V05-6

13

25-1113452

Information Regarding Transfers To and Transactions

Exemp t O rgamza t'ions
1

Page12

and Relationships With Noncharitable

Did the organization directly or indirectly engage in any of the following with any other orgamzahon described in section

Yes

No

501 (c) of the Code (other than section 501 (c)(3) organizations) or in section 527, relating to political orgamzahons?
a Transfers from the reporting organization to a nonchantable exempt organization of
(1) Cash

1al1l

(2) Other assets

1al2l

x
x

b Other transactions

(1) Sales of assets to a noncharitable exempt organization

1bl11

(2) Purchases of assets from a nonchantable exempt organization

1bl21

(3) Rental of fac1ht1es, equipment, or other assets

1bl31

(4) Reimbursement

1bl41

arrangements .

(5) Loans or loan guarantees

1bl51

(6) Performance of services or membership or fundra1smg sohcrtahons

1bl61

Sharing of fac11it1es,equipment, mailing lists, other assets, or paid employees

x
x
x
x
x
x
x

1c

d If the answer to any of the above 1s "Yes," complete the following schedule Column (b) should always show the fair market
value of the goods, other assets, or services given by the reporting organization If the organization received less than fair
market value in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services
received
(b) Amount involved
(a) Line no

(c) Name of nonchantable exemptorganization

(d) Descnpt1onof transfers, transactions,and sharing arrangements

NIA

N/A

2 a Is the organization 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 1nsection 527?
b If "Yes" comolete the follow1no schedule
(a) Name of organization

..

(b) Type of organization

Yes

[i]

No

(c) Description of relat1onst,rp

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
behef, 111strue, correct, and complete Declaration of preparer (other than taxpayeror fiduciary)1sbased on all 1nformahon
of which preparerhas any knowledge

a, ~
...
a,

~~

u!:!::::rt~e

:c
c

-~
UJ ~~5
Ill

>,

'I.. -

Preparer's
signature

~()

~~~ Firm's name (or yours 1f

11.:::, self-employed), address,
and ZIP code

~WTAS
335
FORT

M
COMMERCE

~f{2-Lo,~f,c.

V11..6,.

ni.~st~e,.JT

Title

Check1f
self-employed ....

Da~/ut

Preparer's SSN or PTIN

(SeeSignature on page 28
of the instructions)

. C?c?tJv.J2.N'"v

EIN .... 01-0719088

DRIVE,

WASHINGTON.

PA

SUITE

201
19034

Phone no

215-654-1600
Form 990-PF (2005)

JSA
5E1493 1 000

77270J

770C

05/01/2006

17:09:30

V05-6

14

2220

Form

Underpayment of Estimated Tax by Corporations

OMB No 1545-0142

~ See separate
Instructions.
~ Attach
to the cor oration's
tax return.

Depanment of the Treasury

Internal Revenue SeMCe

~@05

Name

Employer identification number

SARAH SCAIFE FOUNDATION INCORPORATED

25-1113452

,s

Note: Generally, the corporation

not reqwred to file Form 2220 (see Part II below for exceptions) because the IRS will figure any penalty
owed and bill the corporation However. the corporation may still use Form 2220 to figure the penalty If so, enter the amount from page
2, /me 34 on the estimated tax penalty /me of the corporation's income tax return, but do not attach Form 2220.

l:.F.Tii

Required

Annual

Payment

..

Total tax (see instructions).

145,295.

2a

Personal holding company tax (Schedule PH (Form 1120), line 26) included on hne 1

2a

..

b Look-back interest included on hne 1 under section 460(b)(2) for completed long-term
2b

contracts or section 167(g) for deprec,ahon under the income forecast method

2c

c Credit for Federal tax paid on fuels (see instructions)

2d

d Total. Add lines 2a through 2c

3

Subtract

line 2d from line 1 If the result 1s less than $500, do not complete or file this form The corporation

does not owe the penalty

Enter the tax shown on the corporation's

2004 income tax return (see instructions)

Required Annual Payment. Enter the smaller of line 3 or lme 4 If the corporation
enter the amount from hne 3

::.fff.11
6
7

>--

The corporation

:..

.hil

1s using the annualized

income installment method

The corporation

1s a "large corporation"

figuring

Figuring

241.215.
145,295.

5
boxes

are

checked,

the

corporation

must

file

1s using the ad1usted seasonal installment method

corporation

!Im

1s required to skip hne 4,

Reasons
for Filing - Check the boxes below tha_t apply: If any
Form
2220 even 1f 1t does not owe a penalty (see mstruct1ons).

_x. The

145.295.

Caution: If the tax Is zero

or the tax year was for less than 12 months, skip this line and enter the amount from line 3 on line 5

the

its first required installment based on the pnor year's tax

Underpayment
(b)

(a)
9 Installment due dates. Enter ,n columns (a) through
(d) the 15th day of the 4th (Fonn 990-PF tilers:
Use 5th month), 6th, 9th, and 12th months of the
corporal ion's tax year

..

05/16/2005

06/15/2005

(c)

(d)

09/15/2005

12/15/2005

10 Required installments. If the box on line 6 and/or

hne 7 above ,s checked, enter the amounts from
Schedule A. line 38 If the box on line 8 (but not 6
or 7) ,s checked, see instructions for the amounts
to enter If none of these boxes are checked, enter
10
25% of line 5 above ,n each column ,

38,031_

13.358_

25 000.

30.000.

43.888.
43,888.

13 991.
38,991.

960.
30,960.

80,212.

43,888.

38,991.

30,960.

43.888.

13.991.

29.897.

36.324.

11 Estimated tax paid or credited for each period (see

,nstruchons) For column (a) only, enter the amount
from line 11 on line 15

11

80,212.

Complete Imes 12 lhrough 18 of one column before

going to the next column.

12 Enter amount, 1f any, from line 18 of the preceding

column ,

12

13 Add Imes 11 and 12

13

14

Add amounts on lines 16 and 17 of the preceding column

14

15

Subtract

15

line 14 from line 13 H zero or less, enter -0-

16 If the amount on hne 15 ,s zero. subtract line 13

from line 14 Otherwise. enter -0-

16

17 Underpayment. If hne 15 ,s less than or equal to

hne 10. subtract hne 15 from line 10 Then go to
lme 12 of the next column Otherwise. go to
17
hne 18
18 Overpayment. If hne 10 IS less than line 15,
subtract hne 10 from line 15 Then go to hne
18
12 of the next column

960.

Go to Pan IV on page 2 to figure the penalty. Do not go to Pan IV if there are no entries on line 17 no penalty is owed.
For Paperwork

Reduction

Act Notice,

see separate

instructions.

Form 2220

JSA
5XB006 2 000

77270J

770C

05/01/2006

17:09:30

V05-6

35

(2005)

Page2

Utff1jj1
Figuring

the Penalty
(a)

19

Enter the date of payment or the 15th day of the 3rd month
after the close of the tax year, whichever 1searher (see
instructions) (Form 990-PF and Form 990-Tfilers. Use 5th
month instead of 3rd month )

20

Number of days from due date of installment on hne 9 to the

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

date shown on hne 19

21

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

.. ..

..

.......

(b)

(c)

(d)

19
20

Number of days on hne 20 after 4/15/2005 and before

10/1/2005

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

....

21

22

Underpayment on hne 17 x Number of days on hne 21 x 6%

365

..

22

23

Number of days on hne 20 after 9/30/2005 and before 4/1/2006 .

..

23

24

Underpayment on hne 17 x Number of days on hne 23 x 7%

..

24

..

25

365
26

Number of days on hne 20 after 3/31/2006 and before 7/1/2006

26

Underpayment on line 17 x Number of days on hne 25 x %

365

27

Number of days on line 20 after 6/30/2006 and before 10/1/2006

..

27

28

Underpayment on hne 17 x Number of days on hne 27 x %

365

..

28

29

Number of days on line 20 after 9/30/2006 and before 1/1 /2007 .

..

29

30

Underpayment on hne 17 x Number of days on hne 29 x % .

365

30

31

Number of days on lone20 after 12/3112006 and before 2/16/2007 .

31

32

Underpayment on hne 17 x Number of days on hne 31 x %

365

33

Add Imes 22, 24, 26, 28, 30, and 32

34

Penalty. Add columns (a) through (d) of hne 33 Enter the total here and on Form 1120, hne 33,

...

. .......

26

..

32
33

Form 1120-A, hne 29, or the comparable hne for other income tax returns . . . .

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

34

*For underpayments
paid after March 31, 2006: For Imes 26, 28, 30, and 32, use the penalty interest rate for each calendar
quarter, which the IRS will determine during the first month in the preceding quarter. These rates are pub!!shed quarterly m an !RS
on the Internet, access the IRS
News Release and in a revenue ruling in the Internal Revenue Bulletin To obtain this information
website at www.irs.gov.
You can also call 1-800-829-4933 to get interest rate information
Form2220

JSA
5X8007 2 000

77270J

770C

05/01/2006

17:09:30

VOS-6

36

(2005)

Form 2220 (2005)

~Tllll.

Page4

Annualized
Installment

Income
Method

(a)
First

periods (see 1nstruct1ons)

20

20

Annualizahon

21

Enter taxable income for each annuahzat1on

period (see instructions)
21

22

Annualizahon

amounts (see instructions)

23
24

Annualized taxable income Multiply hne 21

by line 22
Figure the tax on the amount on hne 23
using the instructions for Form 1120,
Schedule J, line 3 (or comparable hne
of corporation's return)

25

Enter any alternative minimum tax for each

First

4
months

3.755.307.

4.414,701.

First

8.108

10

First

months

months

482.

10780929.

3.00000

1.71429

1.09091

23

15021228.

13244103.

13900290.

11761023.

24

150,212.

132. 441.

139,003.

117,610.

150.212.

132. 441.

139

117.610.

150.212.

132.441.

139.003.

25

Enter any other taxes for each payment

period (see 1nstrucllons)

26

27

Total tax Add Imes 24 through 26

27

28

For each period. enter the same type of credits

as allowed on Form 2220 lines 1 and 2c (see
instructions)

28

Total tax after credits Subtract line 28 from

line 27 If zero or less, enter -0-

29

30

Applicable percentage

30

31

Multiply line 29 by line 30

31

29

3
months

(d)

4.00000

22

payment period (see instructions)

26

(c)

(b)

25%

50%

37.553.

66.221.

003.

75%

104

117

610.

100%

252.

117.610.

l:.F.Tillllll Required Installments

32

33
34

Note: Complete Imes 32 through 38 of

one column before completmg the next
column
If only Part I or Part II is completed, enter
the amount m each column from line 19
or line 31 If both parts are completed,
enter the smaller of the amounts 1n each
column from hne 19 or hne 31

32

Add the amounts m all preceding columns

of hne 38 (see instructions)

33

Adjusted
inct!:lllmont.:,

1st
installment

2nd
installment

37.553.

3rd
installment

66.221.

104.252.

36.324.

66.221.

4th
installment

117,610.
104

252.

seasonal or annualized income

~ .. htr'!ll"'t

l1no

~3 from

hno

32 If zero or less, enter -0-

34

37.553.

29.897.

38, 031.

13 358.

Enter 25% of line 5 on page 1 of Form

2220 m each column (Note: "Large cor1r
orations, see the mstruct,ons for /me 10
for the amounts to enter)

35

36.324.

36.324.

36,324.

36,324.

Subtract line 38 of the preceding column

from line 37 of the preceding column

36

6,427.

4,720.

37

Add Imes 35 and 36

37

36,324.

36.324.

42,751.

41,044.

38

Required installments. Enter the smaller of

line 34 or line 37 here and on page 1 of
Form 2220, line 1O (see 1nstruct1ons)

38

36 324.

29.897.

38.031.

35

36

13 358.
Form 2220

JSA
5X8009 2 000

77270J

770C

05/01/2006

17:09:30

V05-6

37

(2005)

SARAH SCAIFE

FORM 990PF,

25-1113452

FOUNDATION INCORPORATl~D

PART I - DIVIDENDS AND INTEREST FROM SECURITIES

REVENUE
AND
EXPENSES
PER BOOKS

DESCRIPTION
INTEREST INCOME
DIVIDEND INCOME
TOTAL

77270J

770C

05/01/2006

17:09:30

V05-6

NET
INVESTMENT
INCOME

ADJUSTED
NET
INCOME

3,754,747.
3,722,292.

3,754,747.
3,722,292.

NONE
NONE

7,477,039.

7,477,039.

NONE

16

STATEMENT

25-1113452

SARAH SCAIFE FOUNDATION INCORPORATED

FORM 990PF,

PART I - OTHER INCOME

REVENUE
AND

EXPENSES
PER BOOKS

DESCRIPTION
VENTURE INCOME
MISCELLANEOUS INCOME
TOTALS

77270J

770C 05/01/2006

17:09:30

VOS-6

NET
INVESTMENT
INCOME

ADJUSTED
NET
INCOME

703,809.
59,240.

703,809.
59,240.

NONE
NONE

763,049.

763,049.

NONE

17

STATEMENT 2

SARAH SCAIFE FOUNDATION INCORPORATED

FORM 990PF,

25-1113452

PART I - LEGAL FEES

--------------------=--------==
REVENUE
AND

EXPENSES
PER BOOKS

DESCRIPTION
LEGAL FEES
TOTALS

77270J

770C 05/01/2006

17:09:30

CHARITABLE
PURPOSES

7 I 02 l_

NONE

NONE

7 021.

7 021.

NONE

NONE

7 021.

V05-6

ADJUSTED
NET
INCOME

NET
INVESTMENT
INCOME

18

STATEMENT 3

25-1113452

SARAH SCAIFE FOUNDATION INCORPORATED

FORM 990PF,

PART I - ACCOUNTING FEE:S

REVENUE
AND
EXPENSES
PER BOOKS

DESCRIPTION
AUDIT,

ADJUSTED
NET
INCOME

NET
INVESTMENT
INCOME

CHARITABLE
PURPOSES

COMPLIANCE, AND TAX SRV

92,981.

46,491.

NONE

46,490.

TOTALS

92,981.

46,491.

NONE

46,490.

77270J

770C 05/01/2006

17:09:30

V05-6

19

STATEMENT 4

25-1113452

SARAH SCAIFE FOUNDATION INCORPORATED

FORM 990PF,

PART I - OTHER PROFESSIONAL FEES

REVENUE
AND
EXPENSES
PER BOOKS

DESCRIPTION

---------

FISCAL AGENT FEES

CONSULTING
TOTALS

77270J

770C 05/01/2006

17:09:30

V05-6

ADJUSTED
NET
INCOME

NET
INVESTMENT
INCOME

------

------

CHARITABLE
PURPOSES

--------

258,668.
256,000.

258,668.
NONE

NONE
NONE

NONE
256,000.

514,668.

258,668.

NONE

256,000.

20

STATEMENT 5

SARAH SCAIFE

FOUNDATION INCORPORATED

25-1113452

.
FORM 990PF,

PART I - TAXES
REVENUE
AND
EXPENSES
PER BOOKS

DESCRIPTION
FEDERAL EXCISE
PAYROLL TAX
STATE TAX

TAX

TOTALS

77270J

770C

05/01/2006

17:09:30

V05-6

ADJUSTED
NET
INCOME

NET
INVESTMENT
INCOME

CHARITABLE
PURPOSES

115,000.
45,928.
390.

NONE
4, 680.
NONE

NONE
NONE
NONE

NONE
41,248.
NONE

161,318.

4,680.

NONE

41,248.

21

STATEMENT

SARAH SCAIFE FOUNDATION INCORPORATED

25-1113452

..
FORM 990PF,

PART I - OTHER EXPENSES

REVENUE
AND
EXPENSES
PER BOOKS

DESCRIPTION

NET
INVESTMENT
INCOME

ADJUSTED
NET
INCOME

-----COMPUTER MAINTENANCE

978.

INSURANCE

16,730.

DUES & SUBSCRIPTIONS

8,414.

-----NONE

NONE

1,705.
997.

CHARITABLE
PURPOSES

--------

978.

NONE

15,025.

NONE

7,417.

OFFICE EXPENSES

23,498.

2,394.

NONE

21,104.

OFFICE TEMP

15,879.

1,618.

NONE

14,261.

528.

NONE

4,656.

NONE

NONE

44,638.

NONE

108,079.

TELEPHONE

5,184.

SECURITY

44,638.
115, 321.

TOTALS

77270J

770C 05/01/2006

17:09:30

V05-6

7,242.

22

STATEMENT 7

SARAH SCAIFE FOUNDATION INCORPORATED

FORM 990PF,

PART II

25-1113452

- PREPAID EXPENSES AND DEFERRED CHARGES

ENDING
BOOK VALUE

DESCRIPTION
PREPAID INSURANCE
TOTALS

77270J

770C 05/01/2006

17:09:JO

V05-6

ENDING
FMV

6,667.

6,667.

6,667.

6,667.

23

STATEMENT 8

SARAH SCAIFE FOUNDATION INCORPORATED

FORM 990PF,

PART II

- U.S.

25-1113452

AND STATE OBLIGATIONS

GOVERNMENTSECURITIES
(SEE STATEMENT 12A)
US OBLIGATIONS TOTAL

77270J

ENDING

ENDING
BOOK VALUE

DESCRIPTION

770C 05/01/2006

17:09:30

V05-6

FMV

60,444,065.

59,478,839.

60,444,065.

59,478,839.

24

STATEMENT 9

25-1113452

SARAH SCAIFE FOUNDATION INCORPORATl::D

FORM 990PF,

PART II

- CORPORATE STOCK

DESCRIPTION
COMMONSTOCK INVESTMENTS
(SEE STATEMENT 12A)
TOTALS

77270J

770C 05/01/2006

17:09:30

V05-6

ENDING
BOOK VALUE

ENDING

123,247,802.

211,994,031.

123,247,802.

211,994,031.

FMV

25

STATEMENT

10

SARAH SCAIFE FOUNDATION INCORPORATED

FORM 990PF,

PART II

25-1113452

- CORPORATE BONDS

-------------------------------=----ENDING
BOOK VALUE

DESCRIPTION
CORPORATE BOND INVESTMENTS
(SEE STATEMENT 12A)
TOTALS

77270J

770C 05/01/2006

17:09:30

V05-6

ENDING
FMV

5,040,129.

5,011,749.

5,040,129.

5,011,749.

26

STATEMENT 11

--------

SARAH SCAIFE FOUNDATION INCORPORATED

FORM 990PF,

PART II

----------

25-1113452

- OTHER INVESTMENTS

--------------------------------------=

VENTURE FUNDS (SEE STMT. 12A)

MUTUAL FUNDS (SEE STMT. 12A)
TOTALS

77270J

ENDING

ENDING
BOOK VALUE

DESCRIPTION

770C 05/01/2006

17:09:30

V05-6

FMV

2,143,574.
3,896,172.

2,701,464.
7,472,640.

6,039,746.

10,174,104.

27

STATEMENT 12

ST A TEMENT 12A
SARAH SCAIFE FOUNDATION IN CORPORA TED
Schedule of Investments
December 31, 2005

Investments
Cash:
Cash
Equity fund- (01-01-000-4276952):
Money market:
Money market
Common stocks:
Abbott Laboratories Inc.
ACCO Brands Corp.
Alberto Culver Co.
Allstate Corp.
Altria Group Inc.
American Express Co.
American International Group, Inc.
AMGEN Inc.
Automatic Data Processing Inc.
Berkshire Hathaway Inc.
BP P.L.C
Bristol-Myers Squibb Co.
ChevronTexaco Corp.
Cintas Corp.
Diebold, Inc.
Ecolab Inc.
Exxon Mobil Corp.
Fortune Brands, Inc.
FPL Group, Inc.
Gannett Co., Inc.
General Dynamics Corp.
General Elect.fie Co.

Graco Inc.
Home Depot, Inc.
Illinois Tool Works Inc.
Intel Corp.
International Business Machines Corp.
Johnson & Johnson
Johnson Controls, Inc.
Kellogg Co.
Liz Claiborne Inc.
Lockheed Martm Corp.
Lowes Companies, Inc.
Marshall & Ilsley Corp.
McGraw Hill Cos., Inc
Medtronic, Inc.
Memll Lynch & Co., Inc.
Omnicon Group, Inc.
Paychex Inc.
Pepsico Jnc.
Praxair Inc.

Shares or
par value

Cost
basis

Fair
value

9.720

9.720

271,686

271.686

271,686

40,000
8,225
41,000
44,000
307,000
38,200
166,111
103,000
83,600
900
79,400
85,000
56,340
62,200
55,400
40,000
250,000
35,000
80,000
31,400
22,000
260,000
68,000
95,250
5,600
148,000
157,000
86,000
19,400
47,000
35,000
25,000
65,750
69,000
41,250
89,000
72,859
32,000
27,000
50,500
52,000

1,828,000
121,514
1,922.601
1,985,948
9,966,821
1,795,088
945,868
1,481,937
4,018,343
2,028,491
643,335
1,945,259
2,582,306
1,518,303
2,833,421
949,832
2,940,570
1,897,276
1,303,680
2,377,008
1,932,762
1,812,113
2,381,907
2,934,992
524,336
739,000
6,836,884
5,182,346
1,143,605
2, 117,180
990,787
883,025
1.479,656
2,957,614
2,161,050
4,671.600
1,321.241
2,568,318
998,833
2,815,921
2,497.634

1.577,200
201,512
1,875,750
2,379,080
22.939,040
1,965,772
11,333,754
8,122,580
3,837,240
2.641.950
5,099,068
1,953,300
3.198,422
2,558,286
2,105,200
1,450,800
14,042,500
2,730,700
3,324,800
1,901,898
2,509,100
9,113,000
2,480,640
3,855,720
492,744
3,694,080
12.905.400
5,168,600
1,414.454
2,031.340
1,253,700
1,590,750
4,382,895
2,969,760
2,129,737
5,123,730
4.934.740
2,724,160
1,029,240
2,983,540
2,753.920

9,720

(Continued)

STATEMENT J2A
SARAH SCAIFE FOUNDATION IN CORPORA TED
Schedule of Investments
December 31, 2005

Investments
Equity fund - (01-01-000-4276952), continued:
Common stocks:
Proctor & Gamble Co.
Southern Co.
Sprint-Nextel Corp.
Stryker Corp.
Sysco Corp.
Texas Instruments Inc.
3M Co.
U.S. Bancorp.
United Parcel Service, Inc.
United Technologies Corp.
UnitedHealth Group Inc.
Wachovia Corp.
Wells Fargo & Company
Mutual fund:
!Shares Trust

Shares or
par value

5,463,120
1,572,069
797,712
2,215,363
1,424,160
1,883,200
3,316,414
1,980,645
1,002,375
2,218,926
1,977,203
2,004,960
3,355,250

6.945,600
1,916,346
2,072,616
2,132,640
1,552,500
2,565,600
3,216,250
2,510,700
1,014,525
6,709,200
3,976.960
2,749,513
3,851,479

123,247 ,802

211,994 ,031

3,896,172

7,472.640

127,425,380

219,748,077

710

710

710

625,668

625,668

625,668

626,378

626,378

1,239,784

1,239,784

2,143,574

2.701,464

3,383,358

3,941,248

120,000
55,498
88.725
48,000
50,000
80,000
41,500
83,998
13,500
120,000
64,000
52,015
61,300

112,000

Total equity fund (01-01-000-4276952)

Cash equivalents mvestment fund - (01-01-000-4276937):
Cash:
Cash
Money market:
Money market

Fair
value

Cost
basis

Total cash equ1valents investment funds -

(01-01-000-4276937)
Venture capital fund - (01-01-000-427691 l):
Money market:
Money market
Venture funds:
Venture funds
Total venture capital fund (01-01-000-4276911)

1,239,784

(Continued)

STATEMENT 12A
SARAH SCAIFE FOUNDATION IN CORPORA TED
Schedule of Investments
December 31, 2005

Jnvestments
Bond fund - (01-0l-000-4276929):
Money market:
Money market
U.S. Treasury and agencies secunties:
Federal Fann Credit Bank
Federal Home Loan Banks
Federal Home Loan Mortgage Corp.
Tennessee Valley Authority
Treasury Inflation Securities

Corporate bonds:
GTE Northwest Inc.
Harvard University Massachusetts
National Rural Utilities
Pharmacia Corporation
South Carolina Electric Gas Co.

Shares or
par value

Cost
basis

177,579

177,579

2,007,420
3,751,364
5,382,192
3,088,520
6,871,349

2,045,000
3,764,782
5,205,330
3,053,580
7,321,387

21,100,845

21,390,079

860,750
1,077,163
1,004,357
1,071,680
1,026,180

772,822
1,043,020
1,083,947
1,030,030
1,081,930

5,040,130

5.011,749

26,318,554

26,579,407

445,630

445,630

445,630

37,880,000

39,343,221

38,088,760

39,788,851

38,534,390

197,542,521

289,429,500

177,579

2,000,000
3,700,000
5,000,000
3,000,000
6,500,000

775,000
1,000,000
1,050,000
1,000,000
1,000,000

Total bond fund - (01-01-000-4276929)

U.S. Treasury fund (01-01-000-4276945)
Money market:
Money market
U.S. Treasury securities:
U.S. Treasury Notes
Total U.S. Treasury fund (Ol-Ol-000-4276945)
Total investments

Fair
value

SARAH S~AIFE

FORM 990PF,

FOUNDATION INCORPORATED

PART III

25-1113452

- OTHER DECREASES IN NET WORTH OR FUND BALANCES

AMOUNT

DESCRIPTION

REMOVAL OF PRIOR PERIOD PREPAID FEDERAL

EXCISE TAX
PRIOR YEAR UNREALIZED GAINS INCLUDED IN
VENTURE FUND INCOME
TOTAL

20,192.
5,609.
25,801.

STATEMENT 13
77270J

770C 05/01/2006

17:09:30

V05-6

28

SARAH SCAIFE FOUNDATION INCORPORATED

FORM 990PF,

---

---

PART VIII

25-1113452

- LIST OF OFFICERS,

DIRECTORS, AND TRUSTEES

- -- ----------------------------------------=-------TITLE AND TIME

DEVOTED TO POSITION

NAME AND ADDRESS

COMPENSATION

CONTRIBUTIONS EXPENSE ACCT

TO EMPLOYEE AND OTHER
BENEFIT PLANS
ALLOWANCES

RICHARD M. SCAIFE
301 GRANT STREET
ONE OXFORD CENTRE, SUITE 3900
PITTSBURGH, PA 15219-6401

CHAIRMAN/TRUSTEE
32 HRS/QTR

MICHAEL W. GLEBA
301 GRANT STREET
ONE OXFORD CENTRE, SUITE 3900
PITTSBURGH, PA 15219-6401

EXECUTIVE VP
32 HRS/WK

195,907.

33,200.

NONE

BARBARAL .. SLANEY
301 GRANT STREET
ONE OXFORD CENTRE, SUITE 3900
PITTSBURGH, PA 15219-6401

VP/TREASURER
32 HRS/WK

245,738.

35,250.

NONE

R. DANIEL MCMICHAEL
301 GRANT STREET
ONE OXFORD CENTRE, SUITE 3900
PITTSBURGH, PA 15219-6401

SECRETARY
32 HRS/QTR

YVONNEMARIE BLY
301 GRANT STREET
ONE OXFORD CENTRE, SUITE 3900
PITTSBURGH, PA 15219-6401

ASST. TREASURER
32 HRS/WK

T. WESTRAYBATTLE III
301 GRANT STREET
ONE OXFORD CENTRE, SUITE 3900
PITTSBURGH, PA 15219-6401

TRUSTEE
32 HRS/QTR

WILLIAM J.

TRUSTEE (UNTIL 11/17 /05)

32 HRS/QTR

77270J

BENNETT

770C 05/01/2006

17:09:30

V05-6

NONE

NONE

48,600.

NONE

NONE

11,400.

NONE

NONE

NONE

NONE

NONE

NONE

NONE

NONE

NONE

29

STATEMENT 14

25-1113452

SARAH SCAIFE FOUNDATION INCORPORATED

FORM 990PF,

PART VI I I - LIST OF OFF'ICERS,

DIRECTORS, AND TRUSTEES

================================================-======-==-======TITLE AND TIME

DEVOTED TO POSITION

NAME AND ADDRESS

COMPENSATION

CONTRIBUTIONS EXPENSE ACCT

TO EMPLOYEE AND OTHER
BENEFIT PLANS
ALLOWANCES

301 GRANT STREET

ONE OXFORD CENTRE, SUITE 3900
PITTSBURGH, PA 15219-6401
T. KENNETH CRIBB, JR.
301 GRANT STREET
ONE OXFORD CENTRE, SUITE 3900
PITTSBURGH, PA 15219-6401

TRUSTEE
32 HRS/QTR

6,000.

NONE

NONE

EDWIN J. FEULNER, JR.

301 GRANT STREET
ONE OXFORD CENTRE, SUITE 3900
PITTSBURGH, PA 15219-6401

TRUSTEE
32 HRS/QTR

6,000.

NONE

NONE

ALLAN H. MELTZER
301 GRANT STREET
ONE OXFORD CENTRE, SUITE 3900
PITTSBURGH, PA 15219-6401

TRUSTEE
32 HRS/QTR

6,000.

NONE

NONE

E. VAN R. MILBURY
301 GRANT STREET
ONE OXFORD CENTRE, SUITE 3900
PITTSBURGH, PA 15219-6401

TRUSTEE {STARTING 11/17/05)

32 HRS/QTR

1,500.

NONE

NONE

ROGER W. ROBINSON, JR.

301 GRANT STREET
ONE OXFORD CENTRE, SUITE 3900
PITTSBURGH, PA 15219-6401

TRUSTEE
32 HRS/QTR

3,000.

NONE

NONE

JAMES C. RODDEY
301 GRANT STREET
ONE OXFORD CENTRE, SUITE 3900

TRUSTEE
32 HRS/QTR

4,500.

NONE

NONE

77270J

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17:09:30

VOS-6

30

STATEMENT 15

SARAH SCAIFE FOUNDATION INCORPORATED

FORM 990PF,

PART VIII

25-1113452

- LIST OF OFFICERS,

DIRECTORS, AND TRUSTEES

-------------------------------------=======----=-----===========
TITLE AND TIME
DEVOTED TO POSITION

NAME AND ADDRESS

COMPENSATION

CONTRIBUTIONS EXPENSE ACCT

TO EMPLOYEE AND OTHER
BENEFIT PLANS
ALLOWANCES

PITTSBURGH, PA 15219-6401
JAMES M. WALTON
301 GRANT STREET
ONE OXFORD CENTRE, SUITE 3900
PITTSBURGH, PA 15219-6401

TRUSTEE
32 HRS/QTR

1,500.

NONE

NONE

ARTHUR P. ZIEGLER, JR.

301 GRANT STREET
ONE OXFORD CENTRE, SUITE 3900
PITTSBURGH, PA 15219-6401

TRUSTEE
32 HRS/QTR

6,000.

NONE

NONE

GRAND TOTALS

77270J

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17:09:30

V05-6

79,850.

524,745.

31

NONE

STATEMENT 16

SARAH SCAIFE FOUNDATION INCORPORATED

990PF,

PART VIII

25-1113452

- COMPENSATION OF THE FIVE HIGHEST PAID EMPLOYEES

------------------------------------------------------------------TITLE AND TIME

DEVOTED TO POSITION

NAME AND ADDRESS

CONTRIBUTIONS EXPENSE ACCT

TO EMPLOYEE
AND OTHER
COMPENSATION BENEFIT PLANS ALLOWANCES

CAROL NOLAN
301 GRANT STREET
ONE OXFORD CENTRE, SUITE 3900
PITTSBURGH, PA 15219-6401

EMPLOYEE
32 HRS/WK

55,533.

13,000.

NONE

ALEXIS J. KONKOL
301 GRANT STREET
ONE OXFORD CENTRE, SUITE 3900
PITTSBURGH, PA 15219-6401

EMPLOYEE
32 HRS/WK

55,067.

12,900.

NONE

110,600.

25,900.

NONE

TOTAL COMPENSATION

77270J

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17:09:30

V05-6

32

STATEMENT 17

SARAH SCAIFE FOUNDATION INCORPORATED

990PF,

PART VIII-

25-1113452

COMPENSATION OF THE FIVE HIGHEST PAID PROFESSIONALS

-------------------------------------------------------------==----==
NAME AND ADDRESS

TYPE OF SERVICE

COMPENSATION

KPMG LLP
ONE MELLON CENTER
PITTSBURGH, PA 15219

ACCOUNTING SERVICES

87,399.

OXFORD DEVELOPMENTCOMPANY/GRANTST.
ONE OXFORD CTR, PLAZA LEVEL,301 GRANT ST
PITTSBURGH, PA 15219

FACILITY RENTAL

220, 951.

R. DANIEL MCMICHAEL
ONE OXFORD CENTRE, 301 GRANT STREET
PITTSBURGH, PA 15219

CONSULTING

266,212.

PNC BANK

FISCAL AGENT

258,668.

PITTSBURGH, PA
TOTAL COMPENSATION

833,230.

STATEMENT 18
77270J

770C

V05-6

33

SARAH SCAIFE FOUNDATION INCORPORATED

EIN: 25-1113452
YEAR ENDED: DECEMBER 31, 2005
FORM 990-PF

STATEMENT19

PART I, LINE 19- DEPRECIATION EXPENSE

PART II, LINE 14 - LAND, BUILDINGS, AND EQUIPMENT
PART II, LINE 14 -ACCUMULATED DEPRECIATION
DESCRIPTION
LEASEHOLD IMPROVEMENTS
OFFICE EQUIPMENT
SUBTOTAL FIXED ASSETS
LESS: ACCUMULATED DEPRECIATION
NET FIXED ASSETS

AMOUNT
316,204
508,303
824,507
(749,319)
75,188

DEPRECIATION AND AMORTIZATION EXPENSE FOR 12/31/05 WAS $38,455.

STATEMENT19

STATEMENT 20
SARAH SCAIFE FOUNDATION
Incorporated
One Oxford Centre
301 Grant Street, Suite 3900
Pittsburgh, Pennsylvania 15219-6401
412-392-2900

ANNUAL REPORT

The Sarah Scaife Foundation's grant program is primarily directed toward public
policy programs that address major domestic and international issues. There are no
geographical restrictions. The Foundation does not make grants to individuals for any
purpose or to nationally-organized fundraising groups. Proposals for the following are
usually declined: event sponsorships, endowments, capital campaigns, renovations, or
government agencies.
Initial inquiries to the Foundation should be in letter form signed by the
organization's President, or authorized representative, and have the approval of the
organization's Board of Directors. The letter should include a concise description of the
specific program for which funds are requested, and a program budget and timetable.
Accompanying information should include a copy of the latest audited financial
statements and annual report; current budget; list of officers and directors and their major
affiliations; and a copy of the current determination letter from the Internal Revenue
Service evidencing tax-exempt status under Section 50l(c)(3) of the IRS Code.
Additional information may be requested, if needed, for further evaluation.
The Foundation meets in February, May, September, and November to consider
grants. However, requests may be submitted at any time and will be acted upon as
expeditiously as possible.
Requests should be addressed to:
Michael W. Gleba
Executive Vice President
Sarah Scaife Foundation
One Oxford Centre
301 Grant Street, Suite 3900
Pittsburgh, PA 15219-6401

STATEMENT 20

SARAH SCAIFE FOUNDATION IN CORPORA TED

EIN: 25-1113452
YEAR ENDED: DECEMBER 31, 2005
FORM 990-PF

STATEMENT 21

Federal Footnotes
Grants Paid & Approved:
All of the grantees shown on the attached statement of grants are exempt under Internal
Revenue Code (IRC) Section 50l(c)(3), and have the status of public charities within the
meaning ofIRC Section 509(A)(l)(2) or (3).

ST ATEMENT 21

STATEMENT 22
SARAH SCAIFE FOUNDATION INCORPORATED
Schedule of Grants
As of and for lhe 1welve months ended December 31, 2005

Payable,
December 31,
2004
Accuracy in Media, Inc.,
Washington, D.C.
General operating support
Allegheny Institute for Pubhc Pohcy,
Pmsburgh, Pennsylvania
General operating supporl
American Academy for Liberal Educa11on,
Washinglon, D.C
General operating supporl
Amencan Bar Association Fund for Jusllce and
Educallon, Chicago, Illinois
Standing Committee on Law and Nallonal Secunty
Amencan C1v1)Rights lnstltule,
Sacramento, Cahfom1a
General operating support
Amencan Councll of Trustees and Alumni,
Washington, D C
General operating support
Amencan Enterprise Institute for Pubhc Pohcy Research,
Washington, DC.
Program support
Shadow Financial Regulalory Committee
America's Future Foundallon,
Washington, DC.
General operating support
Atlantic Legal Foundation,
New York, New York
General operating support
Atlas Econorruc Research Foundation,
Arhngton, V1Tg1nia
General operating and program support
Boston University,
Bos1on, Massachusetts
lnst11utefor the Study of Conflict,
Ideology and Pohcy
Capital Research Center,
Washington, DC.
Generai opera1ing and projeCI supporl
Carnegie Mellon Univernty,
Pittsburgh, Pennsylvania
Ga1lhot Center for Public Pohcy
Cato lnstJlute,
Washing1on, D.C
Program support
Center for Equal Opponunity,
Sterling, Vugin1a
Project support
Cenler for Freedom and Prosperlly Founda11on,
Alexandna, Vug1nia
Project support
Center for lmm1gra11onStudies, Inc ,
Washing1on, D.C.
General operating support
Center for Secun1y Policy, Inc ,
Washmg1on, D C.
General operallng support
Cenler for Strategic and ln1ema11onalS1ud1es,Inc ,
Washington, DC
Secunty-related s1ud1es,special projects and
s1aff support

65,000

January 1 to
December 31, 2005
Approved
Paid

300,000

300,000

110,000

110,000

50,000

50,000

130,000

195,000

150,000

150,000

50,000

50,000

200,000
25,000

200,000
25,000

45,000

45,000

100,000

100,000

200,000

200,000

89,500

45,000

235,000

235,000

150,000

150,000

60,000

60,000

50,000

50,000

45,000

45,000

150,000

150,000

350,000

350,000

435,000

435,000

Payable,
December 31,
2005

44,500

(Continued)

STATEMENT 22
SARAH SCAIFE FOUNDATION INCORPORATED
Schedule of Grants
As of and for the twelve months ended December 3 I, 2005

Payable,
December 31,
2004
Center for the Study of Popular Culture
Los Angeles, California
General operating and project suppon
Center for the Study of the Presidency
Washington, D.C.
Program support
Claremont lns111utefor the Study of Statesmanship
and Pollucal Philosophy
Claremont, California
General operating, program and Washington
Fellow suppon
Collegiate Network, Inc .
W1lrrungton, Delaware
General operaung suppon
Professional Journalism Fellowships
The Commonwealth Foundation for Public Pohcy
Altemauves,
Hamsburg, Pennsylvania
General operating support
Compeuuve Enterpnse lnslllute,
Washington, DC.
General operaung suppon
Project suppon
Duquesne Uruversny,
Pmsburgh, Pennsylvama
Project support
Envrronmental Literacy Council,
Washington, DC.
General operating support
Ethics and Public Pohcy Center, Inc ,
Washington, D.C.
General operaung and program support
The Federalist Society for Law & Public Policy Studies,
Washington, D.C.
General operating and project support
Foreign Policy Research Institute,
Phlladelph1a, Pennsylvania

Genera! operating and conference suppun

The Foundallon Endowment,

Alexandna, Vugin1a
General operaung suppon
Foundauon for California University of Pennsylvania,
California, Pennsylvania
Government Agency Coordination Office
Foundation for Cultural Review, Inc,
New York, New York
General operating support
Foundauon for Individual Rights in Educauon, Inc.,
Ph1ladelph1a, Pennsylvania
General operaung support
Foundauon for the Defense of Democracies, Inc ,
Washington, DC
Program suppon
Project suppon
Freedom House, Inc ,
Washington, DC
Center for Rehg1ous Freedom
Freedom Works Foundauon,
Washington, DC
General operaung and pro1ect support

January 1 to
December 31, 2005
Paid
Approved

300,000

150,000

150,000

150,000

325,000

325,000

140,000
50,000

140,000
50,000

130,000

130,000

150,000
150,000

150,000
150,000

35,000

35,000

75,000

75,000

175,000

175,000

325,000

325,000

50,000

50,000

75,000

75,000

125,000

125,000

260,000

260,000

125,000

125,000

150,000

125,000
150,000

140,000

140,000

250,000

250,000

125,000

Payable,
December 31,
2005

150,000

(Continued)

STATEMENT 22
SARAH SCAIFE FOUNDATION INCORPORATED
Schedule of Grants
As of and for the twelve months ended December 31, 2005

Payable,
December 31,
2004
Galen lnstnute, Inc
Alexandria, Vugmia
General operatmg support
George C MarshaJI Jnsutute,
Washington, DC
General operatmg support
George Mason Umversny Foundauon, Inc.,
Farrfax, Virgmia
Law and Econonucs Center
The Herllage Foundauon,
Washington, D.C.
General operating support
High Frontier,
Washmgton, D.C
Program support
Hudson lnstnute, Inc.,
Indianapolis, Indiana
ProJeclS support
Independent Women's Forum,
Washington, D C.
General operatmg support
Institute for Foreign Policy Analysis, Inc ,
Cambridge, Massachusetts
Economic Secunty Program
General operaung support
lnstitute for Health Freedom,
Washington, D.C
General operatmg support
lnsutute for Humane Studies, Inc.,
Arlington, Vugima
General operatmg support
lnstllute for Jusuce,
Washmgton, D.C.
General operatmg support
lnterc0Jleg1ateStudies lnsutute, Inc.,
Wilmington, Delaware
Civic Lneracy ProJect
General operating support
International Policy Network US, Inc ,
Washington, D.C
General operatmg suppon
Jamestown Foundauon,
Washmgton, D.C
General operaung support
Johns Hopkins Umversny,
Washington, D.C
The Paul H Nnze School of Advanced
lntemauonal Studies
Landmark Legal Foundation,
Kansas City, M1ssoun
General operating support
L1gomer Valley School D1stnct.
Ligonier, Pennsylvania
Chnstmas gift program
Manhattan lnsutute for Pohcy Research, Inc ,
New York, New York
General operatmg, project and pubhcauon support
Media Research Center,
Alexandria, Virginia
General operating support

January 1 to
December 31, 2005
Approved
Paid

35,000

35,000

155,000

155,000

200,000

200,000

800,000

800,000
100,000

50,000

150,000

150,000

150,000

150,000

160,000
450,000

160,000
450,000

200,000

100,000

50,000

50,000

100,000

100,000

350,000

100,000
350,000

50,000

50,000

135,000

135,000

187,000

187,000

250,000

250,000

7,500

7,500

240,000

240,000

300,000

350,000

Payable,
December 31,
2005

50,000

100,000

200,000

350,000

(Continued)

STATEMENT 22
SARAH SCAIFE FOUNDATION INCORPORATED
Schedule of Grants
As of and for the twelve months ended December 31, 2005

Payable,
December 31,
2004
Mercatus Center, Inc ,
Fairfax, Virginia
General operating support
M1ch1gan State Universlly,
East Lansing, Michigan
Program support
Mountain States Legal Foundauon,
Lakewood, Colorado
General operating support
Nantucket Sustainable Development Corporation,
Nantucket, Massachusetts
Program support
National Association of Scholars, Inc.,
Princeton, New Jersey
General operating support
NalJOnal Aviary Pmsburgh, Inc,
Pmsburgh, Pennsylvania
Bud show
National Center for Pohcy Analysis,
Dallas, Texas
General operating support
National lnsutute for Public Policy,
Fairfax, Virginia
Program support
Nauonal Taxpayers Union Foundation,
Alexandna, Vug1ma
Congressional Budget Tracking System
New England Legal Foundation,
Boston, Massachusetts
General operating support
Pacific Research Insutute for Pubhc Policy,
San Francisco, Cahfomia
General operating support
Philadelphia Society,
Chicago, llhno1s
General operating support
Phipps Conservatory and Botanical Gardens, Inc.,
P111sburgh,Pennsylv~ma
Campaign 2000
Mellon Park improvements
P1t1sburghHistory and Landmarks Foundation,
Pmsburgh, Pennsylvania
W1Jkmsburg Revolving Fund
Police Execuuve Research Forum,
Washington, DC
ProJect and pubhca11on suppon
Pnnce1on Univers11y,
Princeton, New Jersey
James Madison Program in Amencan Ideals
and lnst11uuons
Samt Ymcent College,
Latrobe, Pennsylvania
Center for Poliucal and Economic Thought
The Salvauon Army, Western Pennsylvania D1vJSJon,
P111sburgh,Pennsylvania
Local rehef efforts
Social Philosophy and Pohcy Foundation,
Bowling Green, Ohio
Social Philosophy and Pohcy Center

January 1 to
December 31, 2005

App roved

Paid

80,000

80,000

100,000

100,000

25,000

25,000

10,000

10,000

250,000

250,000

100,000

Payable,
December 31,
2005

100,000
125,000

125,000

200,000

200,000

60,000

60,000

60,000

60,000

200,000

200,000

15,000
3,250,000

15,000
1,000,000

112,000
500,000

500,000

150,000

150,000

75,000

75,000

35,000

35,000

50,000

50,000

625,000

625,000

2,250,000
112,000

(Continued)

'I

;.

STATEMENT 22
SARAH SCAIFE FOUNDATION INCORPORATED
Schedule of Grants
As of and for the twelve months ended December 3 I, 2005

Payable,
December 31,
2004
Southwest M1ssoun State University Foundation,
Springfield, M1ssoun
Department of Defense and Strategic Studies
Stanford University, Hoover lnst1tu1Jonon War.
Revolution and Peace
Stanford, California
Programs and fellows support
Stat1st1calAssessment Service.
Washington, D.C.
General operating support
Tax Foundation,
Washington, DC.
General operating and proJect support
Thoreau lnstnute,
Bandon, Oregon
ProJeCt support
Tufts University,
Medford, Massachusetts
The Fletcher School of Law and Diplomacy
The Universny of Chicago,
Chicago, lllinois
George J. Sugler Center for the Study of the
Economy and the State
Law and Econorrucs Program
University of Kentucky,
Lexington, Kentucky
Program in Quahty, Safety and Pauent Rights
University of Virginia Law School FoundatJon,
Charlottesvdle, Virginia
Center for National Secunty Law
The UPG FoundatJon,
Greensburg, Pennsylvania
Smar1 Growth Partnership of
Westmoreland County
World Affairs Council of Pittsburgh,
Pmsburgh, Pennsylvania
Teacher-Student Educational ProJects

,r
...

nnn

""t 1 77V

tv\n

1 \JVV

January I to
December 31, 2005
A pp roved

Paid

150,000

150.000

500,000

500,000

100,000

100,000

100,000

100,000

50,000

50,000

300,000

300,000

50,000
150,000

50,000
150,000

300,000

100,000

325,000

325,000

25,000

25,000

75,000

75,000

j3,87j,QOO

i5,754,500

Payable,
December 31,
2005

200,000

3,i06,500

SARAH SCAIFE FOUNDATION IN CORPORA TED

EIN: 25-1113452
YEAR ENDED: DECEMBER 31, 2005
FORM 990-PF

ST A TEMENT 23

Federal Footnotes
Allocation of Expenses in Part I:
Compensation of officers, trustees, and other employees, as well as the related employee
benefits are allocated based on time spent in carrying out the Foundation's exempt
purpose versus time spent in the production of income. Professional fees are allocated
based on the nature of services performed for the Foundation. All other expenses are prorated based on the salary expense and the Foundation's estimates, with the exception of
investment expenses, which are directly related to producing income.

ST A TEMENT 23

-------

,.
SARAH SCAIFE FOUNDATION INCORPORATED
Schedule of Gains (Losses) ror Tax on Investment Income
Twelve months ended December 31. 2005
(a)

Kind or
eroecrt:z:
Security

(h)

(cl

Dcscrletlon

How
acquired
P-purchase
D-donated

ACCO BrJnds Corp

(d)

Date
acgulred

12115/97

co

(e)

Date sold/
matured

08126/05

Gross
sale erlce

14

(I)

1969

Adjusted
cost basis

Exces~
of Ul
over (k)

NIA

NIA

NIA
NIA

702.883

(I)

Ul

Cost or
other basis
and expense
of sale

Gain
(los~)

Fair market
value as of
December 31,

((0

less (h))

(m)
LO'ises from
column (I)
anrl gain~
(excess (i)
over (I))

(k)

(h)

Secunly

Amgen, Inc

06/03196

09120/05

851..544

148,661

702.883

NIA

NIA

Secun1y

Amgen. Inc

06103/96

09120/05

1,438.387

252.723

1.185.664

NIA

NIA

NIA

1.185664

Security

Anheuser Busch Companies Inc

10/03100
01/31/01

06107/05

2.259.841

2,028,835

231.006

NIA

NIA

NIA

231,006

Security

Boeing Co.

03/10/04

02123/05

1.214.301

949,241

265,060

NIA

NIA

NIA

265 060

Security

Countrywide Financial Corp

03/10/03

02123/05

825,857

316,175

509,682

NIA

NIA

NIA

509,682

Security

Federal National Mortgage Association

12129/98
06/16198

02123/05

861,703

1,044,540

(182.837)

NIA

NIA

NIA

(182.837)

Security

General Mills. Inc.

12111/97

09120/05

903.936

776.638

127.298

NIA

NIA

NIA

127.298

Security

General Mills. Inc

12111/97

09120/05

1.3.52.313

1.164,956

187.357

NIA

NIA

NIA

187.3.57

Security

Hewleu Packard Co

03/10/04

02123/05

996,596

1,101.626

(105,030)

NIA

NIA

NIA

(105.030)

Security

Hewlett Packard Co.

03/10/04

02123/05

812.364

899,287

(86.923)

NIA

NIA

NIA

(86.923)

Security

Merck & Co , Inc

10/19/87
02125/93

02123/05

1.897,200

821.916

1.075,284

NIA

NIA

NIA

1,075.284

03110/04
03/16/03
05/06/02

02123/05
06/07/05

1,592,464

1.306.608
1,833.194

285.856
318,467

NIA

NIA

NIA

2.151.661

NIA

NIA

NIA

285.856
318.467

Securily

Moody's Corp

Security

Dominion Resources Inc

Security

MBNA Corp

09122/03
12122/03

06107/05

3.447,904

3,849,096

(401.192)

NIA

NIA

NIA

(401.192)

Security

WJlMartStores Inc

12111/97
12129198

06/07/05

3.590,692

1.813.181

1,777,511

NIA

NIA

NIA

1.777.511

Security

Pfizer. Inc

05103101
05/15101
08127101

09120/05

1.016,000

1,707.211

(691.211)

NIA

NIA

NII\

(691,211)

Security

Pfizer. Inc

10/12101
02101/95
08127101

09120105

2, 176.882

3.348,873

(1.171.991)

NIA

NIA

NIA

(1.171.991)

Security

Sprint-Nextel Corp

12120/98

08124/05

NIA

NIA

NIA

....,
....,
m
(/)

:;i:..

?;::

z....,
N

(Continued)

'..

SARAH SCAIFE FOUNDATION INCORPORATED

Scheduleof Gains (Losses)for Tax on !nves1men1Income
Twelve monthsended December31, 2005
(a)

Kind or
eroeert;!'.

(h)

(c)

(d)

Descrletlon

How
acquired
P-purchase
D-donnted

Date
acgulred

co

(e)

Date sold/
matured

(h)

(I)

(I)

(kl

(I)

Gain
(loss)

Gross
sale erlce

Cost or
other basis
and expense
or sale

less Ch)!

Fair market
value as of
December JI,
1969

Adjusted
cost hasls

Excess
orO)
over (kl

1.000.000

1.048,310

(48,310)

NIA

NIA

NIA

((r)

(m)
Losses from
column (I)
and gains
(excess (I)
over (Ql

(48.310)

Securny

General Electric Capllal Corp

05/18/05

11/01105

Sccunly

Federal Farm Credi!

08/01199

11123/05

2,018,540

1.988,750

29.790

NIA

NIA

NIA

29,790

Sccurny

Amenpnse Financial, Inc

05115100

11122105

321.568

256.133

65,435

NIA

NIA

NIA

65.435

10103100
01131/01

Security

Home Depot. Inc

12129198
05/10199

11122105

963,032

902.109

60,923

NIA

NIA

NIA

60.923

Security

Lowes Companies. Inc

12129198
05110199

11122105

2.296.045

911.826

1.384.219

NIA

NIA

NIA

1.384.219

Security

Zimmer Holdings, Inc

12109186
10116189
02125193
08127/01

11122105

1,809,281

570,237

1,239,044

NIA

NIA

NIA

1.239.044

$ 35,798,129

29,040,136

6,757,993

NIA

NIA

NIA

6,757,993

(/)

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