Return of Private Foundaticii

Transcription

1 , 0 GV G+a O C LLJ z 0 Form 990-P F Return of Private Foundaticii OMB No or Section 4947( a)(1) Trust Treated as Private Foundation Do not enter Social Security numbers on this form as it may be made public. Department of the Treasury Internal Revenue Service Information about Form 990-PF and its separate instructions is at www. frs.gov/form990pf. For calendar y ear or tax y ear be ginning,, and endin g, 20 Name of foundation A Employer identification number THE JOYCE FOUNDATI ON Number and street ( or P 0 box number if mail is not delivered to street address) 321 N. CLARK STREET, SUITE 1500 City or town, state or province, country, and ZIP or foreign postal code CHICAGO, IL G Check all that apply Initial return Final return Address than a Initial return of a former public charity Amended return Name than e H Check type of organization X Section 501 ( c)..? 3 exempt private foundation Section 4947 ( a )( 1 ) nonexem p t charitable trust Other taxable p rivate foundation I Fair market value of all assets at end of year (from Part 11, col (c), line 16) $ 936,451,953. Analysis of Revenue and Expenses he total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions,, 1 Contributions its, grants etc received ( attach schedule) 2 Check If the foundation is not required to attach Sch B J Accounting method L_J Cash X Accrual Other (specify) (Part 1, column (d) must be on cash basis) (a ) Revenue and expenses per books (b) Net investment income Room / suite B Telephone number (see instructions) (312) C If exemption application is q pending, check here....., D 1 Foreign organizations, check here. 2 Foreign organizations meeting the 85% test check here and attach computation E If private foundation status was terminated under section 507(b )(1)(A) check here. El F If the foundation is in a 60-month termination -undersectenho7(b )(1)lB),theckhere. El (c) Adjusted net income (d) Disbursements for charitable purposes ( cash basis onl y) 3 Interest on savings and temporary cash investments 4 Dividends and interest from securities 12, 000, , 592, 377. ATCH 1 5a Gross rents b Net rental income or (loss) d 6a Net gain or ( loss) from sale of assets not on line 10 58,518,138. b Gross sales price for all 128,229,217. d assets on line 6a d) 7 Capital gain net income ( from Part IV, line 2) 66,191, Net short-term capital gain Income modifications a Gross sales less Tins and allowances b Less Cost of goods sold c Gross profit or (loss) (attach schedule ). u7. ^., a, 41, /. l 11 Other income (attach schedule ) ATCH 2 4,958, , 668,'085. L y.l U c-^ 12 Total Add lines 1 throu g h 11 75, 477, , 452, _ r 13 Compensation of officers, directors, trustees, etc 1,177, ; , 008, Other employee salaries and wages... 2, 25 3, , 940, Pension plans, employee benefits 939, , , a Legal fees (attach schedule ) 113, , , 350. X b Accounting fees ( attach schedule ) 73, , , c Other professional fees (attach schedule ).. * 2, 538, ,979, , Interest Taxes ( attach schedule E ) ( see inswctans )ATC 2,339, ,481. E 19 Depreciation ( attach schedule ) and depletion. 202,277. Q 20 Occupancy , , , Travel, conferences, and meetings 528, , 040. f6 22 Printing and publications , , Other expenses (attach schedule)atch , , , 623. O 24 Total operating and administrative expenses Add lines 13 through , 638, , 054, ,052, Contributions, gifts, grants paid , 175, , 081, Totals ensesanddisbursements Add lines 24 and 25 46, 813, , 054, , 134, Subtract line 26 from line 12 a Excess of revenue over expenses and disbursements 2 8, 663, 283. b Net investment income ( if negative, enter-0 -) 76, 397, 632. c Ad j usted net income ( if negative, enter -0- )..ISA t-or vaperwork Reduction Act Notice, see instructions. *A'1'CH i Form 990-PF() 3E CU 701R 10/3/ :21:49 PM V F PAGE 1 3

2 Form 990-PF () THE CE FOUNDATION Pace 2 Attached schedules and amounts in the Beginning of year End of year B a l ance Sheets descript ion col umn should be for end -of-year amounts only (See instructions) (a) Book Value (b) Book Value (c) Fair Market Value I Cash- non-interest - bearing , , ,656 2 Savings and temporary cash investments , 299, , 853, , 853, Accounts receivable 2,756, Less allowance for doubtful accounts ,586. 2, 756, ,756,858 4 Pledges receivable Less allowance for doubtful accounts _ -- 2,000, Grants receivable,,,,,,,,,,,,,,, 6 Receivables due from officers, directors, trustees, and other disqualified persons (attach schedule ) ( see instructions).,,, 7 Other notes and loans receivable ( attach schedule) Less allowance for doubtful accounts - _ , 8 Inventories for sale or use... 9 Prepaid expenses and deferred charges., 10 a Investments - US and state government obligations ( attach schedule ),** 31, 955, , 099, , 099, 145. b Investments - corporate stock (attach schedule ) ATCH 7 212, 992, ,990, , 990, 392. c Investments - corporate bonds (attach schedule)atch 8 63, 375, Investments - land, buildings, and equipment basis ATCH 9 442f Less accumulated depreciation 442,761. (attach schedule 442,761. ) , Investments - mortgage loans Investments - other ( attach schedule ). ATCH10 508,258, ,186, ,186, Land, buildings, and equipment basis 2,661,536. Less accumulated depreciation ATCH f838. (attach schedule 1, 156, , 404, , 404, Other assets ( describe ----_----ATCH_12_- ) 24, f Total assets (to be completed by all filers - see the instructions Also, see page 1, item 1), 832, 164, , 451, , 451, Accounts payable and accrued expenses,,,,,,,,,,,. 20, , Grants payable 85, , 350, Deferred revenue 20 Loans from officers, directors, trustees, and other disqualified persons 21 Mortgages and other notes payable (attach schedule) 22 Other liabilities ( describe ATCH13) 20, , 915, Total liabilities ( add lines 17 through 22) 26, , 307, 485. Foundations that follow SFAS 117, check here and complete lines 24 through 26 and lines 30 and Unrestricted , , 144, Temporarily restricted 18, , 999, Permanently restricted Foundations that do not follow SFAS 117,... q check here and complete lines 27 through Capital stock, trust principal, or current funds 28 Paid-in or capital surplus, or land, bldg, and equipment fund 29 Retained earnings, accumulated income, endowment, or other funds 30 Total net assets or fund balances ( see instructions ). 38, ,144,468., 31 Total liabilities and net assets /fund balances (see instructions ) 64, , 451, 953. Analysis of Chan g es in Net Assets or Fund Balances 1 Total net assets or fund balances at beginning of year - Part II, column ( a), line 30 ( must agree with end-of -year figure reported on prior years return ) , 638, Enter amount from Part I, line 27a 2 28, 663, Other increases not included in line 2 ( Itemize ) ATCH , 842, Add lines 1, 2, and , 144, Decreases not included in line 2 ( itemize) Total net assets or fund balances at end of ear Ilne 4 m in us Ilne 5 - Part II column ( b ), line , 144, 468. **ATCH 6 Form 990-PF () JSA 3E CU 701R 10/3/ :21:49 PM V F PAGE 2

3 THE OYCE FOUNDATION Form 990-PF( ) Page 3 Caoital Gains and Losses for Tax on Investment Income la SEE PART IV SCHEDULE b c d e a b c d e (e) Gross sales price (a) List and describe the kind(s) of property sold (e g, real estate, 2-story brick warehouse, or common stock, 200 shs MLC Co ) (f) Depreciation allowed (or allowable) (g) Cost or other basis plus expense of sale ow P acq-purchase U Donation (c) Date (d) Date sold ac,dquired (mo, day, ayday, yr) ( mo, da y, y r ) (h) Gain or (loss) (e) plus (f) minus (g) Com p lete onl y for assets showing gain in column ( h ) and owned by the foundation on 12/31/69 (I) Gains (Col (h) gain minus (I) F M V as of 12/31/69 0) Adjusted basis (k) Excess of col (I) col (k), but not less than -0-) or as of 12/31 /69 over col Q), if any Losses (from col (h)) a b c d e If gain, also enter in Part I, line 7 2 Capital gain net income or (net capital loss) { If (loss), enter -0- in Part I, line 7 } 2 66, 191, Net short-term capital gain or (loss) as defined in sections 1222(5) and (6) If gain, also enter in Part I, line 8, column (c) (see instructions) If (loss), enter -0- in l Part I, line 8 J 3 0 ff9rdwa Qualification Under Section 4940 ( e) for Reduced Tax on Net Investment Income (For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income ) If section 4940(d)(2) applies, leave this part blank Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period '? -] Yes No If "Yes," the foundation does not qualify under section 4940(e) Do not complete this part 1 Enter the appropriate amount in each column for each year see the instructions before making any entries Base period years Calendar year ( or tax year beginning in) Adj usted qualifying distributions Net value of noncharitable-use assets Dlstrlbudton ratio (col (b) divided by col (c)) ,965, ,103, ,437, ,006, ,635, ,088, ,811, ,144, ,970, ,367, Total of line 1, column (d) Average distribution ratio for the 5 - year base period - divide the total on line 2 by 5, or by the number of years the foundation has been in existence if less than 5 years....,.,., Enter the net value of noncharitable-use assets for from Part X, line ,261,784* 5 Multiply line 4 by line ,354, Enter 1 % of net investment income (1% of Part I, line 27b ) , Add lines 5 and , 118, Enter qualifying distributions from Part XII, line , 383, 163. If line 8 is eaual to or areater than line 7. check the box In Part VL line 1b. and complete that D art usina a 1% tax rate See the Part VI Instructions JSA 3E Form 990-PF() 1846CU 701R 10/3/ :21:49 PM V F PAGE 3

4 Form 990-PF THE CE FOUNDATION Page 4 Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or see instructions) 1 a Exempt operating foundations described in section 4940(d)(2), check here and enter "N /A" on line 1,,, Date of ruling or determination letter ( attach copy of letter if necessary - see instructions) b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 1, 527, 953. here q and enter 1 % of Part I, line 27b c All other domestic foundations enter 2% of line 27b Exempt foreign organizations enter 4% of Part I, line 12, col (b) 2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only Others enter -0-) Add lines 1 and ,527, 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 line 3 If zero or less, enter ,527, Credits/Payments a estimated tax payments and 2012 overpayment credited to 6a 1, 387, 675. b Exempt foreign organizations - tax withheld at source,,,,,,,,,,,,, 6b c Tax paid with application for extension of time to file (Form 8868),..,,,. 6c 500, 000. d Backup withholding erroneously withheld,,,,,,,,,,,,,,,,,, 6d 7 Total credits and payments Add lines 6a through 6d , 8 87, Enter any penalty for underpayment of estimated tax Check here q if Form 2220 is attached Tax due If the total of lines 5 and 8 is more than line 7, enter amount owed 9 10 Overpayment If line 7 is more than the total of lines 5 and 8, enter the amount overpaid,,,,,, , Enter the amount of line 10 to be Credited to 2014 estimated tax 359, 722. Refunded 11 Statements Regarding Activities 1a During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? la b Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions for the definition)? lb If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any matenals published or distributed by the foundation in connection with the activities c Did the foundation file Form 1120-POL for this year?,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, 1 c d Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year (1) On the foundation $ (2) On foundation managers $ e Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed on foundation managers $ 2 Has the foundation engaged in any activities that have not previously been reported to the IRS?,,,,,,,,,,,,,,,, 2 If "Yes, " attach a detailed descnption of the activities 3 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' If "Yes, "attach a conformed copy of the changes,,,,,,,,,,,,,,,,,,, 3 4 a Did the foundation have unrelated business gross income of $1,000 or more during the year?,,,,,,,,,,,,,,,,, 4a b If "Yes," has it filed a tax return on Form 990-T for this year?,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, 4b 5 Was there a liquidation, termination, dissolution, or substantial contraction during the year?,,,,,,,,,,,,,,,,,, 5 If "Yes," attach the statement required by General Instruction T 6 Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either By language in the governing instrument, or By state legislation that effectively amends the governing instrument so that no mandatory directions that conflict with the state law remain in the governing instrument? Did the foundation have at least $5,000 in assets at any time during the year? If 'Yes," complete Part Il, col (c), and Part XV 7 8a Enter the states to which the foundation reports or with which it is registered (see instructions) IL, b If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state as required by General Instruction G? If "No, 'attach explanation rb 9 Is the foundation claiming status as a private operating foundation within the meaning of section 49420)(3) or 4942())(5) for calendar year or the taxable year beginning in (see instructions for Part XIV)' If 'Yes," complete PartXIV Did any persons become substantial contributors during the tax year? If 'Yes," attach a schedule listing their names and X X X X X X X X X X X X 10 X For, 990-PF () JSA 3E CU 701R 10/3/ :21:49 PM V F PAGE 4

5 Form PF( ) THEO YCE FOUNDATION Page 5 Statements Re garding Activities (continued) 11 At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the meaning of section 512 (b)(13)9 If "Yes," attach schedule (see instructions ) X 12 Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges? If "Yes," attach statement (see instructions) X 13 Did the foundation comply with the public inspection requirements for its annual returns and exemption application? X Website address WWW JOYCEFDN. ORG The books are in care of DEBORAH GILLESPIE Telephone no Locatedat. CLARKSTREET,SUITE1 500CHICAGO, IL ZIP Section 4947 ( a)(1) nonexempt charitable trusts filing Form PF in lieu of Form Check here and enter the amount of tax - exempt interest received or accrued during the year At any time during calendar year, did the foundation have an interest in or a signature or other authority Ye s No over a bank, securities, or other financial account in a foreign country' X See the instructions for exceptions and filing requirements for Form TD F If "Yes," enter the name of the foreign countr y ISRAEL Statements Re g ardin g Activities for Which Form 4720 May Be Req uired File Form 4720 if any item is checked in the "Yes" column, unless an exception applies. Yes No 1 a During the year did the foundation (either directly or indirectly) (1) Engage in the sale or exchange, or leasing of property with a disqualified persons...,,,,,, q Yes q No (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person'? Yes X No (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person' Yes X No (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person'? X Yes No (5) Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person) q Yes No (6) Agree to pay money or property to a government official's (Exception. Check "No" if the foundation agreed to make a grant to or to employ the official for a period after termination of government service, if terminating within 90 days ) q Yes q No b If any answer is "Yes" to la(1)-(6), did any of the acts fail to qualify under the exceptions described in Regulations section (d)-3 or in a current notice regarding disaster assistance (see instructions)? lb X Organizations relying on a current notice regarding disaster assistance check here q c Did the foundation engage in a prior year in any of the acts described in la, other than excepted acts, that were not corrected before the first day of the tax year beginning in c X 2 Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private operating foundation defined in section 49420)(3) or 49420)(5)) a At the end of tax year, did the foundation have any undistributed income (lines 6d and 6e, Part XIII) for tax year(s) beginning before? q Yes q No If"Yes,"list the years b Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income? (If applying section 4942(a)(2) to all years listed, answer "No" and attach statement - see instructions) b c If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.. 3a Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? q Yes q No b If "Yes," did it have excess business holdings in 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 penod? (Use Schedule C, Form 4720, to determine if the foundation had excess business holdings in ) b 4a Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes'......, 4a X b 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 ieooardv before the first day of the tax year beammna in? 4b X Form 990 -PF() JSA 3E CU 701R 10/3/ :21:49 PM V F PAGE 5

6 Form 990-PF THE CE_FOUNDATION Page 6 Statements Regarding Activities for Which Form 4720 May Be Required (continued) 5a During the year did the foundation pay or incur any amount to (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))" q Yes No (2) Influence the outcome of any specific public election (see section 4955), or to carry on, directly or indirectly, any voter registration drive? q Yes X No (3) Provide a grant to an individual for travel, study, or other similar purposes? Yes X No (4) 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)" (see instructions) q Yes q No (5) Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? q Yes No b If any answer is "Yes" to 5a(1)-(5), did any of the transactions fail to qualify under the exceptions described in Regulations section or in a current notice regarding disaster assistance (see instructions)? b X Organizations relying on a current notice regarding disaster assistance check here q c If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the tax because it maintained expenditure responsibility for the grant? Yes q No If "Yes, " attach the statement required by Regulations section (d) 6a Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?..,, q Yes No b Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? X If "Yes" to 6b, file Form a At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? q Yes q No b If "Yes," did the foundation receive an y proceeds or have an y net income attributable to the transaction? l7 b Information About Officers, Directors, Trustees, Foundation Managers, H ighly Paid Employees, and Contractors I List all officers. directors. trustees. foundation managers and their compensation (see instructions). (a) Name and address (b) Title, and average hours per week devoted to P osition (c) Compensation ( If not paid, enter -0- ) ( d) Contributions to employee benefit plans and deterred compensation ATCH 15 1,177, , (e) Expense account, other allowances , 2 Compensation of five highest-paid employees (other than those included on line I - see instructions). If none, enter "NONE." (a) Name and address of each employee paid more than $ (b) Title, and average (d) Contributions to hours per week employee benerd (e) Expense account, (c) Compensation devoted to positron plans and deferred other allowances compensation ATCH , , Total number of other em p lo yees p aid over $50, Form 990 -PF () JSA 3E CU 701R 10/3/ :21:49 PM V F PAGE 6

7 THE YCE FOUNDATION Form 990-PF () Page 7 Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees, and Contractors (continued) 3 Five hinhest - nail independent contractors for professional services (see instructionsl _ If none - enter " NONE." (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation ATCH , Total number of others receivin g over $50,000 for p rofessional services.. 0 Summary of Direct Charitable Activities List the foundation ' s four largest direct charitable activities during the tax year Include relevant statistical information such as the number of organizations and other beneficianes served, conferences convened, research papers produced, etc Expenses 1 N/A W97M a I Summary of Program - Related Investments (see instructions) Describe the two largest program - related investments made by the foundation during the tax year on lines 1 and 2 Amount 1 NONE All other program -related investments See instructions 3 NONE Total. Add lines 1 through 3.. Form 990-PF() JSA 3E CU 701R 10/3/ :21:49 PM V F PAGE 7

8 THE CE FOUNDATION Form 990-PF () Page 8 13MW Minimum Investment Return (All domestic foundations must complete this part Foreign foundations, see instructions ) 1 Fair market value of assets not used ( or held for use) directly in carrying out charitable, etc, purposes a Average monthly fair market value of securities.. Ia 862, 410, 766. b Average of monthly cash balances...,... lb 21, 103, 736. c Fair market value of all other assets ( see instructions). d Total ( add lines 1a, b, and c ) 883, 514, 502. e Reduction claimed for blockage or other factors reported on lines 1a and 1c (attach detailed explanation) le 2 Acquisition indebtedness applicable to line 1 assets 3 Subtract line 2 from line 1d 883, 514, Cash deemed held for charitable activities Enter % of line 3 (for greater amount, see instructions ) 13, 252, Net value of noncharitable - use assets. Subtract line 4 from line 3 Enter here and on Part V, line 4 870, 261, Minimum investment return. Enter 5% of line 43, 513, 089. Distributable Amount (see instructions ) (Section )(3) and 0)(5) private operating foundations and certain foreign organizations check here and do not complete this part ) 1 Minimum investment return from Part X, line , 513, a Tax on investment income for from Part Vl, line 5 2a 1,527,953' b Income tax for ( This does not include the tax from PartVl) _ 2b c Add lines 2a and 2b... 2c 1,527, Distributable amount before adjustments Subtract line 2c from line , 985, Recoveries of amounts treated as qualifying distributions , Add lines 3 and ,156,855' 6 Deduction from distributable amount ( see instructions).. 7 Distributable amount as adjusted Subtract line 6 from line 5 Enter here and on Part XIII, line Qualifying Distributions ( see instructions) 42, 156, Amounts paid (including administrative expenses ) to accomplish charitable, etc, purposes a Expenses, contributions, gifts, etc - total from Part I, column ( d), line a 41, 134, 153. b Program - related investments - total from Part IX-B... lb 2 Amounts paid to acquire assets used ( or held for use ) directly in carrying out charitable, etc, purposes ,249, Amounts set aside for specific charitable projects that satisfy the a Suitability test (prior IRS approval required) 3a b Cash distribution test ( attach the required schedule ) b 4 Qualifying distributions. Add lines 1 a through 3b Enter here and on Part V, line 8, and Part XIII, line ,383, Foundations that qualify under section 4940 ( e) for the reduced rate of tax on net investment income Enter 1% of Part I, line 27b ( see instructions ) Adjusted qualifying distributions. Subtract line 5 from line , 383, 163. Note. The amount on line 6 will be used in Part V, column ( b), in subsequent years when c alcula ting whether the foundation qualifies fo r the section 4940 ( e) reduction of tax in those years Form 990-PF () JSA 3E CU 701R 10/3/ :21:49 PM V F PAGE 8

9 THE YCE FOUNDATION Form 990-PF Undistributed Income 1 Distributable amount for from Part XI, line Undistributed income, if any, as of the end of a Enter amount for 2012 only,,,,,,,,,, b Total for prior years 20 11, Excess distributions carryover, if any, to a From 2008 b From 2009 c From 2010 d From 2011 e From 2012 f Total of lines 3a through e,,,,,,,,,,, 4 Qualifying distributions for from Part XII, line4 $ 42, 383, 163. a Applied to 2012, but not more than line 2a,,, b Applied to undistributed income of prior years (Election required - see instructions ) c Treated as distributions out of corpus ( Election required - see instructions )... _ d Applied to distributable amount..... e Remaining amount distributed out of corpus,, 5 Excess distributions carryover applied to (If an amount appears in column (d), the same amount must be shown in column (a) ) 6 Enter the net total of each column as indicated below: a Corpus Add lines 3f, 4c, and 4e Subtract line 5 b Prior years' undistributed income Subtract line 4b from line 2b c Enter the amount of prior years ' undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed d Subtract line 6c from line 6b Taxable amount - see instructions e Undistributed income for 2012 Subtract line 4a from line 2a Taxable amount - see instructions f Undistributed income for Subtract lines 4d and 5 from line 1 This amount must be distributed in Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (see instructions) 8 Excess distributions carryover from 2008 not applied on line 5 or line 7 (see instructions),,, 9 Excess distributions carryover to Subtract lines 7 and 8 from line 6a 10 Analysis of line 9 a Excess from 2009 b Excess from c Excess from d Excess from (a) (b) Corpus Years prior to (c) (d) ,156, ,617, ,617, ,765, ,391,212. Form 990 -PF() JSA 3E CU 701R 10/3/ :21:49 PM V F PAGE 9

10 Form 990-PF() THE J YCE FOUNDATION Page 10 Off Private Operatin g Foundations ( see instructions and Part VII-A, q uestion 9 ) NOT APPLICABLE I a If the foundation has received a ruling or determination letter that it is a private operating foundation, and the ruling is effective for, enter the date of the ruling b Check box to indicate whether the foundation is a orivate ooeratlno foundation descnbed in section 4942(1)(3) or 4942(1)(5) Tax year 2a Enter the lesser of the adjusted net income from Part (a) 1 or the minimum investment return from Part X for each year listed..., b 85% of line 2a,.... C Qualifying distributions from Part XII, line 4 for each year listed d Amounts included in line 2c not used directly for active conduct of exempt activities..... e Qualifying distributions made directly for active conduct of exempt activities Subtract line 2d from line 2c...,, ' 3 Complete 3a, b, or c for the alternative test relied upon a 'Assets' alternative test - enter (1) Value of all assets... (2) Value of assets qualifying under section 49420)(3)(8)(,)..... b 'Endowment' alternative testenter 2/3 of minimum investment return shown in Part X, line 6 for each year listed,,, C "Support' alternative test - enter (1) Total support other than gross investment income (interest dividends, rents, payments on securities loans (section 512(a)(5)). or royalties),,..., (2) Support from general public and 5 or more exempt organizations as provided in section 4942 f)(3)(b)(n) (3) Largest amount of support from an exempt organization...., (4 ) Gross investment income. Prior 3 years 2012 (c) 2011 (d) 2010 (e) Total Supplementary Information (Complete this part only if the foundation had $5,000 or more in assets at any time during the year -see instructions.) 1 Information Regarding Foundation Managers: a List any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation before the close of any tax year (but only if they have contributed more than $5,000) (See section 507(d)(2) ) NOT APPLICABLE 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 NOT APPLICABLE 2 Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs: Check here ' q if the foundation only makes contributions to preselected charitable organizations and does not accept unsolicited requests for funds If the foundation makes gifts, grants, etc (see instructions ) to individuals or organizations under other conditions, complete items 2a, b, c, and d a The name, address, and telephone number or address of the person to whom applications should be addressed ATCH 18 b The form in which applications should be submitted and information and materials they should include c ATTACHMENT 19 Any submission deadlines ATTACHMENT 19 d Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other factors ATTACHMENT 19 3E1490 JS Form 990-PF () 1846CU 701R 10/3/ :21:49 PM V F PAGE 10

11 THE QYCE FOUNDATION Form 990-PF () Page 11 ORM-Supplernentary Information (continued) 3 Grants and Contributions Paid During the Year or Approved for Future Payment I f i s an individual, Reci p ient Foundation show any relationship to Purpose of grant or s t a tus o f Amount any foundation Name and address (home or business ) or subs tantial manager contribution ial contributor rec i pient a Paid dunng the year SEE PART XV (3) STATEMENT 35,081,737. Total a 35,081,737' b Approved for future payment SEE PART XV (3) STATEMENT 12,350,773. JSA 3E Total b 12, 350, 773. Form 990-PF () 1846CU 701R 10/3/ :21:49 PM V F PAGE 11

12 THE YCE FOUNDATION Form 990-PF ( ) Page 12 Analysis of Income -Producing Activities Enter g ross amounts unless otherwise indicated Unrela ted business income Excluded by section 512, 513, or 514 (e) 1 Pr ogram service revenue a b c d e f 9 Fees and contracts from government agencies 2 Membership dues and assessments... _. 3 triterest on savings and temporary cash investments 4 Dividends and interest from securities 14 12, 000, Net rental income or ( loss) from real estate a b 6 Net rental income or (loss ) from personal property 7 Ot her investment income 8 Gai n or (loss ) from sales of assets other than inventory , , 4 51, Ne t income or ( loss) from special events,. 10 Gr oss profit or ( loss) from sales of inventory. 11 Ot h er revenue a b ATCH ,294 5,232,771 c d Debt-financed property.,...,.., Not debt - financed property,....., (a) Business code e 12 Subtotal Add columns ( b), (d), and (e) -207, , 684, 722. (b) Amount (c) Ezdusion code (d ) Amount 13 Total. Add line 12, columns (b), (d), and (e) (See worksheet in line 13 instructions to verify calculations ) NOMPAN :_J Relationship of Activities to the Accomplishment of Exempt Purposes Related or exempt function income ( See instructions 75,477,166. Line No. Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the y accomplishment of-the foundation's exempt purposes (other than by providing funds for such purposes) (See Instructions ) JSA 3E CU 701R 10/3/ :21:49 PM V F Form 990 -PF () PAGE 12

13 ^ Form 990-PF () THEY CE FOUNDATION Page 13 Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exem pt Org anizations 1 Did the organization directly or indirectly engage in any of the following with any other organization described Yes No in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations' a Transfers from the reporting foundation to a nonchantable exempt organization of (1) Cash... a1 X (2) Other assets a z X b Other transactions ( 1 ) Sales of assets to a nonchantable exempt organization,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, 1b 1 X (2) Purchases of assets from a nonchantable exempt organization,,,,,,,,,,,,,,,,,,,,,,,,,, 1(b(2) X (3) Rental of facilities, equipment, or other assets,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, 1 b ( 3 ) X (4) Reimbursement arrangements,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, 1b ( 4 ) (5) Loans or loan guarantees b ( 5 ) (6) Performance of services or membership or fundraising solicitations,,,,,,,,,,,,,,,,,,,,,,, 1b ( 6 ) X c Sharing of facilities, equipment, mailing lists, other assets, or paid employees c X d If the answer to any of the above is "Yes," complete the following schedule Column (b) should always show the fair market value of the goods, other assets, or services given by the reporting foundation If the foundation received less than fair market 2a Is the foundation directly or indirectly affiliated with, or related to, one or more tax- exempt organizations described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527? q Yes E] No h If "Yes " cmmnlete the fnllnwinn schedule (a) Name of organization (b) Type of organization (c) Description of relationship Sign Here Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete Declaration of preparer ( other than taiayer ) is based on all information of which preparer has any knowledge Signature of offiiceror trustee Date May the IRS discuss this return Paid Pnnt/Type preparers name REBEKUH ELEY Preparers signature Iowa 3E CU 701R

14 THE OYCE FOUNDATION FORM 990-PF - PART IV CAPITAL GAINS AND LOSSES FOR TAX ON INVESTMENT INCOME P Kind of Property Description Date D acquired Gross sale Depreciation Cost or FMV Add basis Excess of Gain price less allowed / other as of as of FMV over or expenses of sale allowable ad i basis ( loss ) Date sold NT BARROW HAN CG ST P VAR VAR PROPERTY TYPE: SECURITIES 378, , ,670. NT BARROW HAN CG LT P VAR VAR PROPERTY TYPE: SECURITIES ,660,846. 2,994,298. NT BARROW HAN CGD LT P VAR VAR PROPERTY TYPE: SECURITIES 28, ,869. BLACKROCK RUSSELL 1000 ST DISTRIBUTION P VAR VAR PROPERTY TYPE: SECURITIES 3,944,594. 3,944,594. NT BLACKROCK LTCG P VAR VAR PROPERTY TYPE: SECURITIES 26, ,847. 8,903. BLACKROCK SUPERFUND ST DISTRIBUTION P VAR VAR PROPERTY TYPE: SECURITIES 4,256,045. 4,256,045. NT BLACKROCK SUPERFUND LTCG P VAR VAR PROPERTY TYPE: SECURITIES 42, , ,676. CAPITAL GUARDIAN - ST P VAR VAR PROPERTY TYPE: SECURITIES -169, ,575. CAPITAL GUARDIAN - LT P VAR VAR PROPERTY TYPE: SECURITIES -48, ,319. NT LTCGD P VAR VAR PROPERTY TYPE: SECURITIES 37, ,004. NT GMO QUAL FUND III LTCGD P VAR VAR PROPERTY TYPE: SECURITIES 5,199,116. 5,199,116. NT LONG LEAF PARTNERS LTCGD P VAR VAR PROPERTY TYPE: SECURITIES 4,994,000. 4,994,000. JSA 3E CU 701R 10/3/ :21:49 PM V F PAGE 14

15 THE OYCE FOUNDATION FORM 990-PF CAPITAL GAINS AND LOSSES FOR - PART IV TAX ON INVESTMENT Kind of Property Description Date D acquired Gross sale Depreciation Cost or FMV Add basis Excess of Gain price less allowed / other as of as of FMV over or e enses of sale allowable adi basis ( loss ) INCOME NT PIMCO CGD LT P VAR VAR PROPERTY TYPE: SECURITIES 523, ,611. Date sold NT PIMCO OTH ST P VAR VAR PROPERTY TYPE: SECURITIES 9,616,118. 9,627, ,362. NT PIMCO OTH LT P VAR VAR PROPERTY TYPE: SECURITIES ,443,388. NT WILLIAM BLAIR LTCG P VAR VAR PROPERTY TYPE: SECURITIES 719, ,665. PARTNERSHIPS - LONG TERM P VAR VAR PROPERTY TYPE: SECURITIES PARTNERSHIPS - SHORT TERM P VAR VAR PROPERTY TYPE: SECURITIES PIMCO DISTRESSED MRTG FUND I P VAR VAR PROPERTY TYPE: SECURITIES PIMCO DISTRESSED MRTG FUND II P VAR VAR PROPERTY TYPE: SECURITIES 226, ,112. WTC-CTF MICRO CAP EQUITY P VAR VAR PROPERTY TYPE: SECURITIES 52, ,047. AG SECURITIZED ASSET RECOVERY P VAR VAR 267,963. ETON PARK OVERSEAS FUND LTD P VAR VAR 661,249. CONVEXITY CAPITAL OFFSHORE LP P VAR VAR 491,903. JSA 3E CU 701R 10/3/ :21:49 PM V F PAGE 15

16 e THE gyce FOUNDATION FORM 990-PF - PART IV CAPITAL GAINS AND LOSSES FOR TAX ON INVESTMENT INCOME P Kind of Property Description Date D acquired Gross sale Depreciation Cost or FMV Add basis Excess of Gain price less allowed/ 11= other as of as of FMV over or enses of sale ble ad i basis ( loss ) Date sold ADDISON CLARK OFFSHORE FUND P VAR VAR 157,063. JARISLOWSKY P VAR VAR 1,163,179. VIKING GLOBAL P VAR VAR 369,251. MAVERICK FUND P VAR VAR 76,059. PEQUOT ENDOWMENT LIQUIDATING TRUST LT P VAR VAR -390,207. FORTRESS PARTNERS P VAR VAR 37,882. TOTAL GAIN(L SS) JSA 3E CU 701R 10/3/ :21:49 PM V F PAGE 16

17 THE JOYCE FOUNDATION ATTACHMENT 1 FORM 990PF, PART I - DIVIDENDS AND INTEREST FROM SECURITIES DESCRIPTION REVENUE AND EXPENSES PER BOOKS NET INVESTMENT INCOME DIVIDENDS INTEREST TOTAL 10,509,402. 1, 491, ,835,354. 1,757, ,000,551. 9,592,377. ATTACHMENT CU 701R 10/3/ :21:49 PM V F PAGE 17

18 THE JOYCE FOUNDATION ATTACHMENT 2 FORM 990PF, PART I - OTHER INCOME DESCRIPTION OTHER INCOME NET INVESTMENT PARTNERSHIP INCOME REVENUE AND EXPENSES PER BOOKS 467, ,490,987. NET INVESTMENT INCOME 467, ,200,595. TOTALS 4,958,477. 3,668,085. r- I L ATTACHMENT CU 701R 10/3/ :21:49 PM V F PAGE 18

19 ATTACHMENT 3 THE JOYCE FOUNDATION PF, PART I, LINE 16 Name and Address Type of Service Compensation LINE 16(a): Locke Lord Bissell & Liddell General legal counsel to Joyce Foundation, services in connection with $ 78, South Wacker Drive various corporate matters and investment issues Suite 4400 Chicago, IL Caplin & Drysdale Corporate matters and contracts $ 34,636 One Thomas Circle, NW Suite 1100 Washington, DC TOTAL - LINE 16 (a) $ 113,480 LINE 16(b) BOO Seidman, LLP Audit of financial statements and tax return preparation $ 73, N Michigan Avenue, Suite 2500 Chicago, IL TOTAL -- LINE 16 ( b) $ 73,017 LINE 16(c): Monticello Associates Investment consultant $ 400,000 One Tabor Center th Street, Suite 2600 Denver, CO Silchester International Investors, Inc Investment management $ 438, Third Avenue, 42nd Floor New York, NY Pacific Investment Management Corporation Investment management $ 72, Newport Center Drive Newport Beach, CA Barrow, Hanley, Mewhinney & Strauss, Inc Investment management $ 238, McKinney Avenue - Dallas, TX Janslowsky, Fraser Limited Investment management $ 271, Sherbrooke West Suite 2005 Montreal, Qc H3A 2R7 Canada Capital Guardian Trust Company Investment management $ 150,793 P O Box San Antonio, TX Blackrock Investment management $ 93, Fremont Street San Francisco, CA Wellington Trust Company, NA Investment management $ 304, State Street Boston, Massachusetts Crowe Horwath LLP Software license and consulting on investments $ 10, W Madison Street, Ste 700 Chicago, IL SUBTOTAL - LINE 16 (c) $ 1,979,490 Absolute Video Services Consulting services $ 2, South Euclid Oak Park, IL Alex Agosta Program Development $ West 93rd Street, Apt 5A New York, NY 10025

20 ATTACHMENT 3 Atphagraphics Consulting services $ 1, N Michigan Avenue, Suite 227 Chicago, IL Amdur Spitz & Associates Program development $ 24, North LaSalle Street Suite 30 Chicago, IL 60602,, Arabella Philnathropic Investment Advisors LLC Program development $ 6, Connecticut Avenue NW, Ste 300 Washington DC William Baugh Program development $ NW 58th Street, Apt 6 Seattle WA, 98107, Roberto Bedoya Program Development $ North Stone Avenue Tucson AZ 85701, Chicago Scenic Studios, Inc Consulting services $ 4, North Branch Street Chicago IL 60642, Chimniak Court Reporting & Video Consulting services $ 1, North Dearborn Street Suite 1301 Chicago, IL 60602, Command P Consulting Services $ 14, North Lakeview Suite 3809 Chicago, IL 60614, Cunningham Communications LLC Consulting Services $ 5, West Logan Boulevard Chicago, IL 60647, Consultive Group on Biological Diversity Program Development $ 5,000 Presidio Building 1016 P O Box San Francisco CA Engage Program development $ 2, th Street SE Washington, DC 20003, Teresa Eynng Program Development $ th Avenue 24th Floor New York, NY 10018,, Funders' Network for Smart Growth and Livable Communities Inc Program Development $ 5, San Remo Avenue, Suite 249 Coral Gables FL 33146, Mark German Program Development $ 1, /2 North Stanley Avenue Los Angeles CA GMMB Program development $ 45, Wisconsin Ave NW Suite 800 Washington, DC 20007, Grassroots Solutions Program development $ 3, University Avenue, Suite 150 Minneapolis MN 55414, Illinois Campaign for Politcal Reform Program development $ 2, W Huron Ste 304 Chicago, IL 60610,, Innocentive Program Development $ 48, Winter Street 2nd Floor Watham MA Fidelity Investments Institutional Operations Company, Inc Pension plan services $ 4,000 P 0 Box Chicago, IL 60673

21 ATTACHMENT 3 Gayle Isa 4819 Beeaumont Avenue Philadelphia, PA Jasculca/Terman & Associates 730 N Franklin St Suite 510 Chicago, IL Elizabeth King 7335 S Carvers Rock Road Clinton, WI Russell Kohn 200 East Randolph Drive, Suite 2900 Chicago IL Crystle Martin 304 E Almond Ave #9 Orange, CA Christine Martin 9016 N Washington #2d Des Plaines, IL James Mintz Group 110 Fifth Avenue, 8th Floor New York, MY Moox + Haddon 5800 Washington Stree Downers Grove, IL Patricia Nedeau 914 West Ainslie, 1W Chicago, IL Mary O'Connell 6454 N Wayne Avenue Chicago, IL Jane L Polin 67 Riverside Drive, Apt 7D New Tork, NY Sheetai Prajapati 11 West 53rd Street New York, NY Precision Strategies 1421 S Street NW Washington, DC RMZ Holdings, LLC 5009 Belt Road NW Washington, DC Rush Powers Media 6432 North Hermitage Avenue #1W Chicago, IL Scrappers Film Group, LLC 400 N May street, Suite 204 Chicago, IL Sentinel Technologies Inc 2550 Warrenville Road Downers Grove, IL Siskel/Jacobs Productions 1807 West Sunnyside Avenue 2A Chicago, IL Michael Slaby 55 East Ene #4801 Chicago, IL Program Development $ 500 Professional public affairs services $ 207 Consulting services $ 500 Program Development $ 500 Consulting services $ 500 Records retention $ 23,653 Program Development $ 10,000 Program Development $ 1,335 Consulting Services $ 4,840 Consulting services $ 16,503 Program Development $ 12,000 Program Development $ 500 Consulting Services $ 80,000 Consulting services $ 25,000 Program Development $ 2,730 Consulting Services $ 12,800 IT services $ 44,235 Consulting Services $ 12,500 Program Development $ 12,500