. Form OMB No. 154541052 Return of Private Foundation or Section 4947 a)(1) Nonexempt Charitable Trust Treate as a Private Foundation Note: The foundation may be able to use a copy of this return to satisfl/ state reporting requirements. 008 29 3 0 2007 or tax Name Address Amended return Final return Initial retum G Check all that Depaflmm a, a... has”, Internal Revenue Service “59 "‘9 The C . O . U . Q . Foundation Inc gggm: 250 South Australian Avenue #1404 pm“ I West Palm Beach, Emmy" numb" 1&3'399fif71 . eephone num er(see h] e nstructions) or type. S S ill Iniempgfinse H l exempt private foundation Section 501 Check type of organization: Section 4947 charitable trust Other taxable foundation Far: mgmet [vain/e of all aslsets at end of year J Accounting method: Cash Accrual ( m a” I I ‘0 "m" (‘9' m" ’6) El Other (SPBCWY) ___________ _ _ p must be on cash basis. column 80 1 92 . 2.00%. 3a OCT o if;k: mczm=-Hn—2-EU> . 9 W3" "amounts "7 ExpenSes columns (b). c), and (d) may not necessari/yt’equal the amounts in column (a) e Contributions, gifts, giants, etc, received (alt sch) Ck ’ itthe turndnls not reqtoettSchB Interest on savings and temporary cash lnvastments . . . . . . . . . . . . . . . . . auto Dividends and interest from securities . . . . . . . 5a Gross rents . . . . . . . . . . . . , . . . . . . . . b Net ran? income or (loss . . . . . . . 63 Net gaininoss) imm sale at assets not on line in b Gross sales price for all assetsonlinefia. . . . . 7 Capital gain net income (from Part N. line 2). . . 8 Net short-term capital gain. . . . . . . . . . 9 income modifications. . . . . . . . . . . . . . . 10a Gross sales less returns and allowances. . . . . b Less: Cost of goods sold. . . c Gross profit/(loss) (att sch) . . . . . . . . . . . . . 11 Other income (attach schedule) . . . . . See Statement 1 Add 1 12 T 11 Compensation of officers. directors, trustees. etc 14 Other employee salaries and wages . . . . . . . . . 15 Pension plans, employee benefits. . . 16a Legal tees (attach schedule) . . . . . . . . . . . . . b Accounting tees (attach sch). . . . . . . . . . . . . c Other prof tees (attach sch) . . .See. .31: . 2 17 interest . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 Taxes (attach schedule). . .See. .Stmt .3 19 Deprecration (attach sch) and depletion . . . . . . . . . . . . . . . .. 20 Occupancy . . . . . . . . . . . . . . . . . . . . . 21 Travel, meetings . . 22 ........... (a) Revenue and expenses per books C if exemption application is pending, check here p D 1 Foreign organizations, check here . . . . . . . .. R 2 Foreign organizations meeting the 85% test, cheek> he'e‘and attach “Pmpumim - ' ' ' ' ' ‘ ' ‘ ' ' ' ' fialfflgated _ p F (b) Net Investment income ii the foundation is in a 60-month termination check here. . . . . . ’ under section (c) Adjusted net income (d) Disbursements for charitable oses (cash basis only) 200 920. 200 920. 28 971. 28 727. 244. 23 .. art.Xil 210 643. 148 727. 60 496. . . . . . . . . . . . . .. 18 826 013. 148 727. nz—qx-zn'vo Oz) 24 Total operatl fld s 250mm,??? grants Total . of revenue over expenses -18 164 275 . and disbursements . . . . . . . . . . . . . . . . b Netlnvestmentiocoim (it negative. enter -O-) . enter netlricerne c BAA For Privacy Act and Paperwork Reduction Act Notice. see the instructions. TEEA0504L ozrzoioa 0. 18 675 866. Form BSD-PF (2007) \ ‘Form990-PF(2007) The C.0.U.Q. Foundation, Inc Attached schedules and amounts In he description , . , is i. shldbto dtI “W i Balance Sheets g:emhr:sw°:honsa) r an a mum“ on y get 1 Cash — non-interest-bearlng . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Savings and temporary cash Investments . . . . . . . . . . . . . . . . . .. 3 Accounts receivable . . . . . . . . . . . . . > Less: allowance for doubtful accounts >________ _ __ 4 Pledges receivable . . . . . . . . . . . . . . .. >________ _ _ Less: allowance for doubtful accounts >________ _ _ 5 Grants receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Beginning of year (a) Book Value 4,817 748. ’ r PageZ 13-3996471 End of year (c) Fair Market Value (b) Book Value 80 192. , ’ , 80,192. ' r ' 6 Recewahles due from officers, directors, trustees, and other disqualified persons (attach schedule) (see the instructions) . . . . . . . . . . . . . . 7 Other notes and loans receivable (attach sch) *________ _ _ Less: allowance for doubtful accounts > ________ __ _ 8 Inventories for sale or use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Prepaid expenses and deferred charges . . . . . . . . . . . . . . . . . . . . (n-l ' lUHD> 10a Investments — U.S. and state government obligations (attach schedule). . . . . . . . . . . . . . . . . . . . . . . . . . . . b Investments — corporate stock (attach schedule) . . . . . . . . . . . . . . . .. c Investments — corporate bonds (attach schedule) . . . . . . . . . . . . . . . . . . . . . 11 12 13 14 15 16 17 18 19 R238 m -d—r—w>—r Investments — land, buildings, and equipment: basis . . . . . . . . . . . . . . . .. Less: accumulated depreciation (attach schedule) . . . . . . . . . . . . . . . . . . . . >________ _ _ investments — mortgage loans. . . . . . . . . . . . . . . . . . . . . . . . . . . .. Investments - other (attach schedule) . . . . . . . . . . . . . . . . . . . .. Land, bUildings, and equipment: ba5is >________ _ __ I’ Less: accumulated depreciation (attach schedule) . . . . . . . . . . . . . . . . . . . . . > ________ _ _ Other assets (describe >_______________ __ __ ) Total assets (to be completed by all filers — see Instructions. Also, see page 1, Item I). . . . . . . . . . . . . . . . . .. Acoounts'p'ayable and accrued expenses . . . . . . . . . . . . . . . . . . . Grants payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Deferred revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Loans from officers, directors, trustees, & other disqualified persons . . . . . . . Mortgages and other notes payable (attach schedule). . . . . . . . . . . . . . . . Other liabilities (describe. > _______________ _ _) 23 Total liabilities (add lines 17 through 22) . . . . . . . . . . . . . . . . . . . . Foundations that follow SFAS 117, check here . . . . . . . . . ’ and complete lines 24 through 26 and lines 30 and 31. Unrestricted. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Temporarily restricted . . . . . . . . . . . . . . . . . . . . . . . . . . . fiifi'fi Permanently resh'lcted. . . . . . . . . . . . . . . . . . . . . . . . . . . Foundations that do not follow SFAS 117, check here. and complete lines 27 through 31. (#1112 NO fl-HINDU!) MMO525'Z>F>“U . 18 , 244 , 467 . 0. . ..... ....... ....... . ’ X . . Capital stock, trust principal, or current funds . Paid~in or capital surplus, or land, building, and equipment fund . . . . . . . . . . 18, 244 , 467 . Retained eamlngs, accumulated income, endowment, or other funds . . . . . . . . 1 8 , 2 4 4 , 4 67 . Total net assets or fund balances (see the Instructions) . . . . . . 98833 Total liabilities and net assetslfund balances 18,244,467. (see the instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. Analysis of Changes in Net Assets or Fund Balances 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 year's return) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Enter amount from Part I, line 27a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. Other increases not included in line 2 (itemize) . . . . . P___________________________ _ _ Add linesl,2, and3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. Decreases not included in line 2 (itemize) . . . . . . . . . >___________________________ _ _ GUIth Total net assets or fund balances at end of year (line 4 minus line 5) — Part II, column (b), line 30 . . . . . . . . . . TEEAoamL o7r25/o7 BAA 1 1 2 3 4 5 6 18 , 244, 4 67 . -18,164,275. 80,192. 80, 192 . Form BSD-PF (2007) \ Eorm SSO-PF (2007) The C . O . U . Q . Foundation, Inc Capital Gains and Losses for Tax on Investment Income (3) List and describe the kind(s) of prope sold (e.g., real estate, 2-story brick warehouse; or common stock, 00 shares MLC Company) 13—3996471 Page 3 (d) Date sold (13) How acquired (C) Date acqwrnd B: 33:: (“mm”- dat’i Y3“) (mmlh- d‘Y- veal“) 1a b c d e (e) Gross sales price (i) Depreciation allowed (or allowable) (l1) Gain or (loss) (e) plus (f) minus @) (9) Cost or other basis plus expense of sale a b c d e (I) Gains (Cajumn (h) gain mlnus mlumn (k), but not less than 41-) orLosses ( mm column 00) Cormlete only for assets showing gain in column (h) and owned by the foundation on l2/3l/69 (k) Excess of column (i) 0) Adjusted basis (i) Fair Market Value as of l2/3ll69 as of l2/31/69 over column (1), if any a b c d e 2 Capital gain net income or (net capital loss). agaigfl’tg‘fgf Egg ' “a: g 2 3154439 I 3 Net short-term capital gain or (loss) as defined in sections 122(5) and (6): :J— If gain, also enter in Part I, line 8, column (c) (see the instructions). if (less), enter -03 . . . . . . . . .. in Part I, line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Qualification Under Section 49406;) for Reduced Tax on Net investment income (For optional use by domestic private foundations subject to the section 4940(3) tax on net investment income.) ‘ * 'lf section 4940(d)(2) applies, leave this part blank. No Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? . . . . . . . . . . . . DYes 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 eachgear; see the instructions before making any entries. c b ) DistribiSt‘ign ratio Net glue of Adjusted qualif(yi?ig distributions 5358 PéfiOd years (Blends; year (0" tax year noncharitable-use assets (column (b) divided by column (c)) ginning in) 2006 2005 2004 2003 2002 2 Total of line l,column (d) . . . . . . . . . . . . 0.053561 0.055491 0.046464 0.085180 0.101781 22,142,808. 22, 630, 448. 20J 159,106. 12, 227,306. 1; 221,528. 1,186J 000. 1,255J 795. 936,665. 1,041,560. 1,243,915. .... .................. . . . . . . . . . . . . . . . . . . . . . .. 2 0.342477 .. ..... 3 O . 068495 4 Enter the net value of noncharitable-use assets for 2007 from Part X, line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 13fiSL 835 . 5 Multiply line4by lineB. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , . . . . .. 5 894, 396. 6 Enter 1% of net investment income (1% of Part I, line 27b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 4, 130 . 7 Add inesSand6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 7 89§,526. B 184 675, 866 . 3 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 . . . . . . . . . . . . . . . . . 8 Enter qualifying distributions from Part Xll, line 4 . . . . . . . . . . . . . . . . . . . . . ......... ..... . . ....... lf line 8 is equal to or greater than line 7, check the box in Part Vi, line lb, and complete that part using a l% tax rate. See the Part VI instructions. Form 990-PF (2007) BAA TEEAU303L 07125D7 i \ Form 990-PF II The C.O.U.Q. Foundation, Inc 13-3996471 Exdse Tax Based on Investment Income (Section 4940(3), 4940(b), 4940(e), or 4948 — see the instructions 1a Exempt operating foundations described in section 4940(dXZ), check here. . . . . > D and enter 'N/A' on line i. Date of niling letter: ______ _ (attach copy of ruling letter if necessary — see Instructions) b Domestic foundations that meet the section 4940(e) requirements In Part V, check here. > 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 l2, column (b) . . . . . . , ‘ i Page4 2 Tax under section 511 (domestic section 4947(a)(l) trusts and taxable foundations only. Others enter -0-) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Addlinesland2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 3 4 Subtitle A (income) tax (domestic section 4947(a)(l) trusts and taxable foundations only. Others enter -0-). . . . 4 5 5 Tax based on investment income. Subtract line 4 from line 3. if zero or less, enter -0-. . . . . . . . . . . . . . . . . . . . . . . ’ I 6 Credits/Payments: ’” ‘f ’, 18 , 872 . 6a a 2007 estimated tax pmfs and 2036 overpayment credited to 2001 . . . . . . . . . . . . . . . . . . . . . . . ”, , 6b b Exempt foreign organizations — tax withheld at source . . . . . . . . . . . . . . . . . . . . . . .. c Tax paid with application for extension of time to file (Form 8868) . . . . . . . . . . . . .. 6c 5 , 000 . fi/fififi . . 5. 6d d Backup Withholding erroneously Withheld . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 7 Total credits and payments. Add lines 6a through 6d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 8 Enter any penalty for underpayment of estimated tax. Check here D it Form 2220 is attached. . . . . . . . . . . . . 9 Tax due. it tiie total of lines 5 and 8 is more than line 7, enter amount owed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . > 9 10 Overpayment. it line 7 is more than the total of lines 5 and 8, enter the amount overpaid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . > 10 Refunded . . . . . . ’ 11 5, 000 . I 11 Enter the amount of line to to be: Credited to 2003 estimated tax . . . . . . . . . * Statements RegardinLActivities 4,130. 0. 4 , 130 . " ,. , nrm a ' I, 5 I .13 y M; fiJ/"vi may 23 , 872 . 0. 19$2 . 14 , 742 . 1a During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it partictpate or intervene in any poli’ocal campaign? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. b Did it spend more than $100 during the year (either directiy or indirectly) for political purposes (see the instructions for definition) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . If the answer IS 'Yes‘ to 7a or 7b, attach a detailed description of the activrties and copies of any materials published or distributed by the foundation in connection With the activrties. c Did the foundation file Form 1120-POL for this year? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . d Enter the amount (if any) of tax on political expenditures (section 4955)-imposed during the year: 0. 0 . (2) On foundation managers . . . . . . ’ $ (1) 0n the foundation. .. . ’ $ e Enter the reimbursement Gt any) paid by the foundation during the year for political expenditure tax imposed on 0. foundation managers. . . . . ’ $ 2 Has the foundation engaged in any activrties that have not preVIously been reported to the lRS't. . . . . . . . . . . . . . . . . . . . . . . . If 'Yes, ' attach a detailed description of the activities. 3 Has the foundation made any changes, not preVIously reported to the IRS, in its govemtng instrument, articles of incorporation, or bylaws, or other Similar Instruments? If 'Yes, ’ attach a conformed copy of the changes . . . . 48 Did the foundation have unrelated business gross income of $1,000 or more during the year? . . . . . . . . . . . . b If 'Yes,‘ has it filed a tax retum on Form 990-T for this year?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Was there a iiqmdation, termination, dissolution, or substantial contraction during the year?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . If 'Yes, ' attach the statement requrred by General Instruction T. 6 Are the reqwrements of section 508(e) (relating to sections 4941 through 4945) satisfied either: 0 By language in the govemtng instrument, or . . . . . . . . .. .. .. .. X X N /A X 3 g ’56 . ’ ' 3 43 4b 5 . . . .. . . . .. . . . ..... f , " 0 By state legislation that effectively amends the governing instrument so that no mandatory directions that conflict 6 With the state law remain in the govarnlng instrument? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 7 7 Did the foundation have at least $5,000 in assets at any time during the yeari if Yes/complete Part/I, column (c), and PartXV. . . . . . . . . . . . . . . . . . . . 8a Enter the states to which the foundation reports or wrth which it is registered (see the instructions) . . . . . . . > ‘ I ' NY b if the answer is 'Yes' to line 7, has the foundation tumished a copy of Form 990-FF to the Attorney General (or designate) of each state as requued by General Instruction 6? If 'Na,'altecii explanation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Is the foundation claiming status as a private operating foundation within the meaning of section 4942(ix3) or 4942(1) for calendar year 2007 or the taxable year beginning In 2007 (see instructions for Part XIV)? If 'Yes, ‘ complete Part i . . 10 Did any persons become substantial contributors during the tax year? if 'Yes, ' attach a schedule listing their names ................. ............. ..... ........................... andaddresses. . . . . . . . . . . . . up. . . . . . BAA TEEAD304L 0726107 X X , " "f ‘ , "a ” X 8b 9 ' X X10 Form 990-PF (2007) \ Form SSH-PF 2007) The C.0.ULQL. Foundation, Inc 2,; Statements RegardingActivities Continued 13-3996471 11 a At any time during the year, did the foundation, directiy or Indirectiy, own a controlled entity vvlthln the meaning of section 512(b)(l3)? If 'Yes', attach schedule. (see Instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. Page 5 11 a X b If 'Yes', did the foundation have a blndln written contract In effect on August 17, 2006, covering the Interest, rents, royalties, an annuities described in the a chment for line Ila?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 11b N A 12 Did the foundation acqwre a direct or indirect Interest In any applicable Insurance contract?. . . . . . . . . . . . . . . . . . . . . . . . . 12 X X 13 Did the foundation comply with the public inspection requirements for Its annual retums and exemption application?. . . . .. 13 Website address. . . . . . . . . . . . . . . . . . . . . . . . . . . >_N_[A ____________________________________ _ _ 14 The books are In care of > pa;r_eL1_K_._1n_dylge_,_E_L_L_C_1 __________ _ __ Telephone no. > ___________ __ _ Located at ~ .451 iegtsge Mamet .431; tiger. _N_e21_Y_°_rl£ .NAL _ _. ZIP + 4 15 Section 4947(a)(l) nonexempt charitable trusts filing Form 990-PF In lieu of Form 1041 — Check here and enter the amount of tax-eigLnPt Interest received or accrued duringthe year . . . . . . . . . . . . . . . . . . . Statements Rggrding Activities for Which Form 4720 May Be Required File Form 4720 If any item Is checked In the 'Yes' column, unless an exception applies. 1a During the year did the foundation (either directly or Indirectly): (1) Engage in the sale or exchange, or leasing of property with a disqualified person? . . . . . . . . . . . . . — _ .19 923_______ _ _ > . . . . . . . . . . . . . . . . . . ..N[A .. > U N/A . . . . . . >[ 15 L . [:IYes No Yes Yes Yes No No E! No ‘5’ EfiiéeifrltynlnéffisiitZ‘Sfliifé’ui43555251393???if”??? 37y. if”??? it”???......... . . [:IYes No (6) Agree to pay rnone or property to a government official? (Exception. Check 'No' If the foundation agreed 0 make a grant to or to employ the official for a period after termination of QOVemment service, If tenninating Within 90 days.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . DYes No ‘2’ Eiiiisli'i'é‘i’insgirii' '.°.”.d. Tit“? if .‘Tmiiiiiifttf’fi‘.’ iii". 7‘? .‘.°.’.a‘?°e.‘.". lift"??? ......... .. (3) Furnish goods, serwces, or facilities to (or accept them from) a disqualified person?. . . . . . . . . . . . . . (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? . . . . . . . . . . .. . b If any answer Is 'Yes' to Ia(l)-(6), did any of the acts fail to ualify under the exceptions described in Regulations section 53.4941 (d)-3 or In a current notice regar Ing disaster assstance (see the Instructions)?. . . .. Organizations relying on a current notice regarding disaster assistance check here . . . . . . . . . . . . . . . . . . . . . . . . > D 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 thetax year beginning In 200 ? . . . . . . . . . . . . . . . . . . . . . . . . .'. . . . . 2 Taxes on failure to distribute Income (section 4942) does not apply for years the foundation was a private operating foundation defined In section 4942 )(3) or 4942 (5)): At the end of tax year 2007, did the foundation have an undistributed Income (lines 6d and Be, Part XIII) for tax year(s) beginning before 2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . If 'Yes,‘ list the years > 20__ , 20 , 20 , 20 DYes IX] No 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 the Instructions.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. C If the provisions of section 4942(a)(2) are being applied to any of the years listed In 2a, list the years here. *20__ ,20__ ,20__ .20 3a Did the foundation hold more than a 2% direct or Indirect interest In any business enterprise at any time during the year? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. D Yes No b If ’Yes,’ did It have excess business holdings In 2007 as a result of (1) any purchase by the foundation or disqualified persons after Ma 26, 1969; (2) the lapse of the 5-year period (or longer period ap roved b the CommIsSIoner under sec on 4943(c) ) to dispose of holdin s acgulred by It or be ues ; or the lapse of the I0-, 15-, or 20-year flrs p ase ho ding period? Elise chedule , Form 4 20, to determine if the foundation had excess business holdings in 2007.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4a Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 jeopardy before the first day of the taxJ33! beginning In 2007?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . BAA IEEAD305. 12/201138 . 4b X Form 990-PF (2007) Form sen-PF (2007) The C. 0. U. Q. Foundation, Inc 13-3996471 first Statements RegardingAcfiVifies for Which Form 4720 May Be Requireflcontinued) 5: During the year did the foundation pay or incur any amount to: (1) Cany on propaganda, or otherwrse attempt to influence legislation (section 4945(e))?. . . . . . . . . . .. D Yes [XJ No , (2) influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3) Provide a grant to an individual for travel, study, or other srmllar purposes? . . . . . . . . . . . . . . . . . . .. Yes Yes Page 6 No 8! No (4) Provrde a Egant to an organization other than a charitable, etc, organization described in section 9(a)(l), (2), or (3), or section 4940(d)(2)? (see Instructions) . . . . . . . . . . . . . . . . . . . . .. [:1 Yes 12] No (5) Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or tor the prevention of cnielty to children or animals? . . .. . . . . . . . . . . I] Yes [XI No b if any answer is 'Yes' to 5a(1)-(5) did any of the transactions fail to ualify under the exceptions described in Re ulations section 53.4945 or in a current notice regar ing disaster assistance (see instructions ? . . . . . . . . . . . . . . . . . . . . . , . . . . . . . , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. Organizations relying on a current notice regarding disaster assrstance check here . . . . . . . . . . . . . . . . . . . . . .. > D c If the answer is 'Yes' to uestlon 5a(4), does the foundation claim exemption from the tax because it maintalne expenditure responSIbiiity for the grant? . . . . . . . . . . . . . . . . . . . . . . , . ..N./A. [I Yes If 'Yes, ' attach the statement requlred by Regulations sectlon 53.4945—5(d). , l j I] No 6a Did the foundation, during the ’year, receive any funds, directly or Indirectly, to pay premiums on a personal benefit contract . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . DYes IXINO b Did the tounda’don, during the year, pay premiums, directly or indirectly, on a personal benefit contract? . . . . . . . . . . . . . . . . Ifyou answered 'Yes' to 6b, also file Form 8870. [2‘ 7a At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? . . . . DYes No b if as did the foundation receive an goceeds or have any net income attributable to the transaction? . . . . . . . . . . . . . . . . ntormation About 0 Icers, Directors, Trustees, Foundation Managers, Highly Paid Employees, and Contractors 1 List all officers, directors, trustees, foundation managers and their compensation (see instructions). (d) Contributions to (e) Expense account, (c) Compensation (b) Title and average (a) Name and address detbcgiigsdpgrpvggfign (It not paid,enter-O-) peglgylzedtéegggtj other allowances compensation i _J_e_;_‘.§1;ey_l_3_._§gs_§§i_n______. ____ __ 6100 Red Hook Quarters St. Thomas, USV, _D_a_r;e_n_ i_c ._ _Ir_idxi_cg __________ _ 457 Madison Avenue, 4th Floor New York, NY 10022 Richard Kahn 130 East 75th St New Yog NY 10021 Pres./Direct 0 _ 0. 0. . 0. VP/Director 0 0. 0. 0. Treasurer/D1 0 0. 0. 0. 2 Compensation of five highest-paid employees @her than those included on line 1— see Instructions). If none, enter 'NONE.‘ (a) Name and address of each employee (b) Title and average (c) Compensation (d) Contributions to (e) Expense account, other allowances employee benefit hours per week paid more than $50,000 plans and deferred devoted to posrtion compensation _N91_1_e____________________ _. Total number of other employees paid over $50,000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . > TEEAO306L OZIZDIDB BAA 0 Form BSD-PF (2007) Fonn990-PF (2007) The C. 0.0.0. Foundation, Inc 13-3996471 Page 7 Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees, “g and Contractors (continued) 3 Five highest-paid independent contractors for professional services — (see Instructions). If none, enter 'NONE. (lg) Type of service (a) Name and address of each person paid more than $50,000 (c) Compensation _M§§7_12_M_111§1a7__________________________ __ , Consulting 50 , 000 . Total number of others receiving over $50,000 for professional services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . > O =? Summary of Direct Charitable Activities List the foundation's four largest direct charitable activrties during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses 1 31111 _________________________________________________ __ Summary of Program-Related Investments (see instructions) Describe the two largsflrogramrelated lnvestrnents made by the foundation durim the tax year on lines 1 and 2. __________________ ____ _ _ _ _ 1 AVA Amount 3 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ Total. Add lines 1 through 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . > 0. Form 990-PF (2007) BAA ‘I‘EEA0307L02mlD8 ' Form 99-Pr (2007) The c . o . 0.9. Foundation, Inc 13-3996471 PagLB Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.) m Fair market value of assets not used (or held for use) directly in carrying out charitable, etc, purposes: 1a a Average monthly fair market value of securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b Average of monthly cash balances. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1b c Falr market value of all other assets (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1c dTotal (add lines ia, b, and c)...................................................................... .. 1d e Reduction claimed for blockage or other factors reported on lines la and lc 0. 1e (attach detailed explanation) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Acquisition indebtedness applicable to line 1 assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. Z 3 Subtract line 2 from line 1d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 3 1 4 Cash deemed held for charitable activities. Enter l-i/2% of line 3 (for greater amount, see Instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Net value of noncharitable-use assets. Subtract line 4 from Ilne 3. Enter here and on Part V, line 4. . . . . . . . . . . 6 Minimum investment return. Enter 5% of line 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 6 1 , 2 95, 287 . 11, 961, 398 . 13, 256, 685. 0. 13,256, 685 . 198 , 850 . 13, 057 , 835 . 652 , 892 . Distributable Amount (see instructions) (Section 4942(ix3) and (M) private operating foundations and do not complete this part.) and certain foreign organizations check here > 652 892 . 1 1 Minimum investment retum from Part X, line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 4, 130 ; 2a 2a Tax on Investment income for 2007 from Part VI, line 5 . . . . . . . . . . . . . . . . . . . . . . 2b b income tax for 2007. (This does not lnclude the tax from Part VI.) . . . . . . . . . . . . . . 4,130. 2c cAdd lines 2a and 2b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 648, 762 . 3 3 Distributable amount before adjustments. Subtract line 2c from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 4 Recoveries of amounts treated as qualifying distributions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 648,762. 5 .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 5 AddiinesBand4 . . . . . . . . . . . .. 6 6 Deduction from distrlbutable amount (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 648 , 762 . 7 7 Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part Xi ll, line i . . . . . . . . . . . . . ' ' Qualifying Distributions (see instructions) W Amounts paid Gnciuding administrative expenses) to accomplish charitable, etc, purposes: 1a a Expenses, contribubons, gifts, etc - total from Part I, column (d), line 26 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 1b b Program-related investments — total from Part IX-B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2 Amounts paid to acquire assets used (or held for use) directiy in carrying out charitable, etc, purposes . .. . . 1 M75, 866 . 3 Amounts set aside for specific charitable projects that satisfy the: a Swtability test (prior lRS approval requued). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b Cash distribution test (attach the required schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Qualifying distributions. Add lines la through 3b. Enter here and on Part V, line 8, and Part Xlll, line 4 . . . . . . 3a 3b 4 18 , 675, 866 . 5 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) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 6 Adjusted qualifying distributions. Subtract line 5 from line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 6 4 , 130 . 18 , 671 , 736 . Note: BAA The amount on Ilne 6 will be used In Part V, column (b), in subsequent years when calculating whether the foundation qualifies for the section 4940(e) reduction of tax In those years. Form 990-PF (2007) TEEMBOE. 07/27/07 Fonn99mPE§mmO The C.0.U;g. Foundation, ' Inc 13-3996471 Pages ’ ;; i Undistributed Income (see instructions) a Cérgus Pistributable amount for 2007 from Part XI, ine . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 2 Undistributed income, it any, as of the end of 2006: a Enter amount for 2006 only. . . . . . . . . . . . . . . . . b Total for prior years: 20_, 20 _, 20 _ 3 Excess distributions carryover it any, to 2007: 638 745. aFrom 2002 . . . . . . . .. 432 491. bFrom2003.. . cFrom2004 . . . . . . . . .. 139 200. dFrom2005 . . . . . . . . .. 1 237 003. eFrom2006...... .. 1 Total of lines 3a through e . . . . . . . . . . . . . . . .. 4 Qualifying dlstrlbutlons for 2007 from Part 18, 675, 866. $ Xll, line 4: > a Applied to 2006, but not more than llne 2a. . . b Years prfio?’ to 2006 1 28:86 28:87 648 762. 2 447 439. bA plied to undistributed income of prlor years lection required — see instructions) . . . . . . . c Treated as distributions out of corpus (Election required — see instructions) . . . . . . . d Applied to 2007 distributable amount . . . . . . . . e Remaining amount distributed out of corpus . 5 Emess distributions carryover applied to 2007. . . . . . . . (If an amount appears In column (d , the same amount must be shown In co umn (a).) 6 Enter the net total of each column as indicated below: 2 Corpus. Add lines 3t, 4c, and to. Subtract line 5 . . . . . . 0. 648 762 . 18 027 104 . 0. 0. 20 474 543. b Prior ears' undlstributed income. Subtract from llne 2b. . . . . . . . . . . . . . . . . . . . . . . . line c Enter the amount of prlor ears' undlstrlbuted income for which a no cc of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed. . . d Subtract line 60 from line 6b. Taxable amount — see instructions . . . . . . . . . . . . . . . . e Undistributed income for 2006. Subtract line 4a from line 22. Taxable amount — see instructions . . . . . . . . . . t Undistributed income for 2007. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2008 . . . . . . . . . . . . . . . . . . . . . . 7 Amounts treated as distributions out of corpus to satis requirements imposed by section 170 3(1)(F) or 4942(g)(3) (see instructions . . . . . . . . . . . . . . . . . . . . . . . . . 8 Excess distributions c applied on line 5 or line ver from 2002 not (see instructions). . 9 Excess distributions carryover to 2008. Subtract lines 7 and 8 from line 6a. .. . . . . . 10 Analysis of llne 9: a Excess from 2003. . . . 432 491. bExcess from 2004... . 139 200. eExcess from 2005.... 1 237 003. dExcessl‘rom2006. .. eExcess from 2007.... 18 027 104. BAA 0. 638 745. 19 835 798 . Form 990-PF TEEAD301 07I30IO7 FonnssmPF(zm§Q The C.O.U.Q. Foundation, Inc 13-3996471 Page10 Private Operating Foundations (see instructions and Part VII-A, question 9) N/A 1a If the foundation has received a mlln or deterrnlnation letter that It is a private operating foundation, and the ruling is effective for 2007, enter the date 0 the ruling. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . p b Check box to indicate whether the foundation is a private operating foundation described In section H 494206) or I 494206) Prior 3 years Tax year 2a Enter the lesser of the adjusted net Income from Part I or the minimum (b) 2006 (c) 2005 (d) 2004 (e) Total (a) 2007 investment return from Part X for each year listed . . . . . . . . . . . . . . . . . . . . . . b85%ofline2a . . . . . . . . . . . .. . . . . . . . .. 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 Quali ing distributions made directly for a we conduct of exam t activities. Subtract line 2d from line c . . . . . . . . . . . 3 Complete 3a, b, or c for the alternative test relied upon: a 'Assets' altemative test — enter: (1) Value of all assets . . . . . . . . . . . . . . . . (2) Value of assets qualifying under section 4942(j)(3)(8)( . b 'Endowment' alternative test — enter 2/3 of minimum investment retuni 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, pa ents on securities loans section 512(a)(5)), or royalties) . . . . . . . . . . . . . (2) Support from general Public and Sor more exam torganiza ions as provided in section 942(JX3XBXIII). . . . . . . . . . . . . . . (3) Largest amotmt of support from an exempt organization. . . . . . . '. . .. " 4 Gross investment Income . . . . . . . . . . . Supplementary Information (Complete this part only if the organization had $5,000 or more in assets at any time during the year — see instructions.) 1 lnforrnatlon 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).) Jeffrey E . Epstein 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. None 2 Information Regarding Contribution. Grant, Gift. Loan, Scholarship, etc, Programs: if the foundation only makes contributions to preselected charitable organizations and does not accept unsolicited Check here ’ 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 of the person to Whom applications should be addressed: b The form in which applications should be submitted and information and materials they should include: cAny submission deadlines: d Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other factors: l BAA TEEAOBIU. (FBI/07 Farm sewer (2007) Form BSD-PF (ZOOLThe C. O . U Foundation, Inc pplementary lnfonnation (continued) 3 Grants and Contributions Paid During the Year or Approved for Future Payment If recipient is an Individual, Reclplent show an relationship to thurgafign any fnun ation manager or a. f°t rec'p 5" substantial contributor buslness) or (home Name and address 8 Paid during the year See Statement 5 13-3996471 Purpose of rant or cono’ib on Amount Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. b Approved for future payment 3a ...... ................ 3b Total BAA .......................... . .................................... meson 0725107 Page 11 18,615, 370. Form SSO-PF (2007) _Fonn9£ao.PF(2oo7) The c.o.U.g. Foundation, Inc 13-3996471 Page12 Analysis of Income-Producing Activities Enter gross amounts unless otherwise indIted. Unrelated business income (a) Busrness code 1 (b) Amount Excluded by section 512, 513, or 514 (c Ex: uslon code (d) Amount (e) Related or exempt function income (see the Instructions) Program serVIce revenue: a b c d e t 9 Fees and contracts from government agenCIes . . . . 2 MembershIp dues and assessments . . . . . . . . . . . . . . 200 , 920 . 14 3 Interest on savings and temporary cash Investments . . . . . . . . 4 DiVIdends and interest from securities . . . . . . . . . . . . ’ 5 ’ ' 3 mm , If , '. 1 "1.9350550" . ’ ,/ n; " my , 5 Net rental income or (loss) from real estate: a Debt-financed property . . . . . . . . . . . . . . . . . . . . b Not debt-financed property. . . . . . . . . . . . . . . . . . . . . . 6 Net rental Income or (loss) from personal property. . . . . . . . . -3 , 941 . 18 7 Other investment income . . . . . . . . . . . . . . . . . . . . . . . 315 , 439 . 18 . 8 Gain or (lam) from sales of assets other than Inventory . . . 9 Net income or (loss) from speCIal events . . . . . . . . 10 Gross profit or (loss) from sales of Inventory . . . . . 11 Otherrevenue: "" ‘2": 3 7 " 7.7174" ': , g, '1’ , , ' N "m, 49,320. 18 a Foreign Exchange Gain b C d e 12 Subtotal. Add columns (b), (d), and (e) ......... .. my, , 561,738. 13 Total. Add llne 12. columns (b), (d), and (e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 13 561, 738 . (See worksheet In the Instructions for IIne 13 to verify mlculatrons.) _ Relationship of Activities to the Accomplishment of Exempt Purposes Line No. v Explain below how each ectIvrty for thch income 15 reported In column (e) of Part XVI-A contributed importantly to the accompllshment of the foundatIon's exempt purposes (other than by providIng funds for such purposes). (See the InstructIons.) N BAA TEEAosuz. umsm Form ego-PF (2007) Form990-PF 2007) The C.O.U.Q. Foundation, Inc 13-3996471 Page13 information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations 1 Did the organization directty or indirectly engag: in any of the following with any other organization described n section 501(c) of the Code (other an section 501(c)(3) organizations) or In section 527, relating to political organizations? a Transfers from the reporting foundation to a noncharitable exempt organization of: (1) Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2) Other assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b Other transactions: (1) Sales of assets to a noncharitable exempt organization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2) Purchases of assets from a noncharitable exempt organization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3) Rental of faCilities, equipment, or other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4) Reimbursement arrangements ........ .............................................. . (5) Loans or loan guarantees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (6) Performance of serwces or membership or tundraising soliCItations . . . . . . . . . . . . . . . . . . . . . . . . . c Sharing of facilities, equipment, mailing lists, other assets, or paid employees . . . . . . . . . . . . . . . . . . . . . "_ '4'- _ - ’' , n I. X X ............. . . . . . . . . . . . . .. ' ........ ........ ....... ...... ........ ........ ....... .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 1b(1) 1b(2) 1b (3) 1 b (4) 1b (5) 1b (6) 1c X X X X X X 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 foundation. if the foundation received less than fair market value in the oods, other assets, or servnces given by the or serVices received. other the value of the show in ansaction or and of Name of noncharitable Amount involved Line no. NA 2a Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations described in section 50 (c) of the Code (other than section 50i(c)(3)) or in section 527? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . DYes b it 'Yes,‘ corMete the following schedule. (a) Name of organization (b) Type of organization (c) Description of relationship N/A No Etitimimt": itfifiii‘fittttzw‘mi": "m "it“"tfimii‘iiim‘i‘tfli‘fi mimosa WW “" W" i " M “M "d Is.3 > Signa reclafficeror trustee ‘ H" E \A P re are, 5 unreath > Sco Vice Preach oCi: Title Will/[1%v? arers Finn-mama, DIVIfi, BLALOCK, MARTIN & SELLARI, P.A/ T yoursif selfse om emloyed), > 420 COLUMBIA DRIVE, SUITE 110 WEST PALM BEACH, FL 33409 Tram” BAA E TEEAOSOSL 07R7ID7 rein I ea E””‘éil:.§"9'i.“im e. 2 c“. fielfr-I—L J . am > N/A pm”... > 561 686-1110 Form BSD-PF (2007) Schedule B (Pomggtggg-EZ fififlfiflifiifigfi?’ Name at organization The 90.0.52. Foundation, Organization type (check one): Fliers of: Form 990 or 990-EZ Form 990-PF OMB No 15450047 Schedule of Contributors Su iementa lntonnatlon tor line 1 of Form 938, SSH-EZan 990-PF (see instructions) 0 Employer identification number 7 13-3996471 Inc Section: 501(c)(_) (enter number) organization 4947(a)(l) nonexempt charitable trust not treated as a private foundation 527 political organization 501(c)(3) exempt private foundation I 4947(a)(i) nonexempt charitable trust treated as a private foundation I 501(c)(3) taxable private foundation Check it your or anization is covered by the General Ruie or a Special Rule. (Note: Only a section 507(c)(7), (8), or (70) organization can check boxes for both e General Rule and a Special Rule - see instructions ) General Rule — For organizations filing Form 990, 990-EZ, or 990-PF that received, during the year, $5,000 or more (in money or property) from any one contributor. (Complete Parts I and II.) Special Rules — DFor a section 501(c)(3) organization filing Form 990, or Form 990-EZ, that met the 33-15% support test of the regulations under sections 509(a) i)li70(b)(i)(/%) (vi) and received from any one contributor, during the year, a contribution of the greater of $5,000 or 2% of the ese forms. (Complete Parts l and II.) amoun on line i 0 [:IFor a section 501(c2(7), (8) or (10) organization filin1g Form 990, or Form 990-EZ, that received from an one contributor, during the year, aggregate contribu ions or equests o more than 5 .000 for use excluslvely for religious, charitable. sc entiiic, literary, or educational purposes, or the prevention of cruelty to children or animals. (Complete Parts i, II, and Ill.) DFor a section 501(c)(7), (8), or (10) organization filing Form 990, or Form 990-EZ, that receiVed from any one contributor, during the year, some contributions for use exclusively for religious, charitable, etc, purposes, but these contributions did not aggregate to more than $1,000. (It this box is checked, enter here the total contributions that were received during the year for an exclusrvely religious, charitable, etc, purpose. Do not complete any of the Parts unless the General Rule applies to this organization because it received nonexclusiveiy religious, charitable, etc, contributions of $5,000 or more during the year.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. > $ Caution: Organizatlons that are not covered by the General Rule and/or the Sggecial Rules do not file Schedule 8 (Form 990, 990-EZ, or 990-PF) but they must check the box in the heading of their Form 990, Form 0-EZ or on line 2 of their Form 990-PF, to certify that they do not meet the filing requirements of Schedule B (Form 990, 990-52, or 990—PF) Schedule B (Form 990, 990-EZ, or 990-PF) (2007) BAA For Paperwork Reduction Act Notice, see the Instructions for Form 990, Form 990-EZ. and Form 990-PF. TEEADTOIL 07/31/07 'Schedule 3 (Form 990, 9904-22, or 990-PF) (2007) Name of organization The C.O.U&L. Foundation, Pagg 1 of 1 Employer identification number of Partl 13—3996471 Inc Contributors (See Specific Instructions.) (8) Number (b) Name. address, and Z? + 4 (c) AGQEQBN contnbutions Person Payroll _1_ .EBéEePl _I£§e_r_est_s_______________________ __ (a) Number _4§Z_M§Q1§9r1 917211.119 ______________________ __$_____1_09L0_09; Noncash _N_§v1 _Y_g£}g,_lj_¥_'_ __________________________ _ _ (Complete Part M if there Is a noncash contribution.) (b) Name. address, and ZIP + 4 (C) Aggregfite contributions ___________________________________ _ __ (Complete Part M if there Is a noncash contribution.) (b) Name, address, and ZIP + 4 (c) Aggregfite contributions ____________________________________ __$____________ ___________________________________ _ _ 1 (Complete Part II If there Is a' n‘oncash contribution.) (b) Name, address, and ZIP +4 (C) Aggregate contributions ____________________________________ __$____________ ____________________________________ _ _ (Complete Part M if there is a noncash contribution.) (b) Name, address, and ZIP + 4 (C) Aggregate contnbuflons (d) Type of contribution _______________________________________________ _ _ Person Payroll Noncash ____________________________________ _ __ (Complete Part II If there is a noncash contribution.) (b) Name, address, and ZIP + 4 (c) Aggregate contributions __ ____________________________________ _ _ _______ ___ _____ _ ___ _______ _________ __ _ _ _ ___ ___ _ __ ___________________________________ _ _ BAA 00 Type of contribution Person Payroll Noncash _ ____________________________________ _ __ (a) Number (d) Type of contribution Person Payroll Noncash _ ____________________________________ _ _ (a) Number (d) Type of contribution ____________________________________ __$______________ __ ____________________________________ _ _ (a) Number I Person Payroll Noncash _ ______________________________________ (a) Number (to Type of contribution TEEAO702L 07mm (ID Type of contribution Person Payroll Noncash (Complete Part ii if there is a noncash contribution.) Schedule B (Form 990, 990-EZ, or 990-PF) (2007) Schedule B (Form 990, 990-EZ, or 990-PF) (2007) Name 0! emanizzilon Page 1 of 1 of Part il Empioyerldontification number 13-3 996471 (a) No. from Part I (b) Description of noncash property given (c) , FMV (or estimate; (see instructions (d) Date received MA _____________________________________ __ IIIZZZIZZZIIIZIIIZZII___ZIIIIIII_IIIZIZI_I$__________________ __ (a) No. from Part I (c) FMV (or estimate; (see instructions , (b) _ Descnption oi noncash property gIVen (d) Date received L. _______________________________________ _. _ __ i. ______________________________________ _ -J IZIIIIZIIZIIIZIZIZZIIIIZZIIIZIIZZIZIZIZIZI$__________________ __ (a) No. irom Part i (c), FMV (or estimate; (see Instructions (b) Description of noncash property given (d), Date received IIZIIZIIZIIIZZZZZIZZZIIZI:Z::IIIIZIZIIZ___$__________________ __ (a) No. from Part i _ (b) , Descnption oi noncash property given (C) > - FMV (or estimate; (see instructions (d) Date received _2:22:II-__IZIIIZIZZZIIIIIIIIIIIIZZIIZZIZZ$__________________ __ (a) No. from Part I (c) . FMV (or estimate; (see instructions (b) Description oi noncash property given (d) Date received Z__ZIII____IIZ___-IIIIZZZIZIII_I_IZZIIIZII$__________________ __ (a) No. from Part I (c) _ FMV (or estimate; (see Instructions , (b) , Descnption oi noncash property given (d) Date received ._____ _______________________________________ _ _ 1 IIZIZIZI__ZIIZ_IZ~ZZIZZZZZZIIIIIIZIZIIIIZAS__________________ __ Schedule B (Form 990, 990-EZ, or 990-PF) (2007) BAA TEEAD703L (JG/Di I07 ‘Schedule B (Form 990, 990-EZ, or 990-PF) (2007) Name of organization Page 1 of l of Part Ill Employer identification number 13-3996471 The C.O. U .9. FoundationL Inc Exclusively religious, charitable, etc, individual contributions to section 501(c)(7), (8), or (10) organizations aggregating more than $1,000 for the year.(Complete cols (a) through (e) and the following line entry.) (3) Ng- frlgo'm a For organizations completing Part III, enter total of exclusively religious, charitable, etc, N/A contrlbutions of $1,000 or less for the year. (Enter this lnfonnatlon once — see instructions.) . . . . . . . . . . . . ’ 5 (d) (c) (b) Description of how gift ls held Use of gift Purpose of gift MA ___________________________________________________________ _. e Transfer of gift Relationship of transferor to transferee Transferee's name, address, and ZIP + 4 ‘ i x _____________________________________________________________ _ . (a) N3. frtroIm a (c) Use of gift (b) Purpose of gift («0 Description of how gift is held L. _____________________________________________________________ _ . (B) Transfer of gift Relationship of transferor to transferee Transferee's name, address. and ZIP + 4 (a) Ng. frlm a (c) Use of gift (b) Purpose of gift (d) Description of how gift is held _ _ — _ _ _ _ _ _ _ _ _ — _ _ _ _ _ _ _ — — _ _ _ _ _ _ _ — _ _ _ _ _ _ _ — _ __.i.____._....__________..____. (8) Transfer of gift Transferee's name, address, and ZIP + 4 (a) N3. flftolm a (b) Purpose of gift Relationship of transferor to transferee (C) Use of glft (11} Description of how gift ls held (9) Transfer of gift Transferee's name, address, and ZIP +4 BAA TEEAWL DBIOIIW Relationship of transferor to transferee Schedule 8 (Form 990, 990-EZ, or 990-PF) (2007) 2007 Client COUQ Page 1 Federal Statements 13-3996471 The C.O.U.Q. Foundation, Inc 10:03AM 10/15/08 Statement 1 Form 990-PF, Part I, Line 11 Other Income 49,320. —3 941. 15,379. Foreign Exchange Gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ., $ Other Investment Income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. Total 5 StatementZ Form 990-PF, Part I, Line 16c Other Professional Fees (a) Expenses per Books (b) Net Investment Income _(c) Adjusted Net Income 60,000. Consulting. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. $ Second City Cap Partners I, LP K—l 120,000. 180,000. Total $ $ $ 120,000. 120,000. $ 0. (.d) Charitable Purposes $ 60,000. $ 60,000. $tatement3 Form 990-PF, Part I, Line 18 Taxes (a) Expenses per Books 252. 252. Other Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. $ Total $ (b) Net Investment Income $ 0. (c) Adjusted m $ 0. ( ) Charitable Burpgses $ f 252. 252. Statementll Form 990-PF, Part I, Line 23 Other Expenses (b) Net InVestment Income (a) Expenses per Books (d) Charitable Egrposes (C) Adjusted Net Income Bad debt expense - Second City Capiézal Bank charges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. Filing fee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. Misce laneous - Second City Capital 20,417. 7. 237. $ 20,417. $ 7. 237. $ 244. 1,253. 1,253. Professional fees — Second City Capital Total S 7 057 . 28,971. $ 7,057. 28,727. 0. 2007 Federal Statements Client COUQ Page 2 The C.O.U.Q. Foundation, Inc 13-3996471 10:03AM 10I15108 Statement 5 Form BSD-PF, Part XV, Line 3a Recipient Paid During the Year e 5 Name an Donee Relationship Found— ation Status Purpose of Grant AmgunL___ $ 50,000. Havard University 124 Mount Auburn St Cambridge, MA 02138 NONE N/A Scholarship Harlem Link Charter School 134 W 122nd Street New York, NY 10027 NONE N/A Unrestricted 25,000. Robin Hood Foundation 826 Broadway-7th Floor New York, NY 10003 NONE N/A Unrestricted 50,000. President and Fellows of Harvard College 124 Mount Auburn St Cambridge, MA 02138 NONE N/A Unrestricted 100,000. National Multiple Sclerosis oc ety 4237 Salisbury Rd Suite #406 Jacksonville, FL 32216 NONE N/A Unrestricted 1,000. Ballet Florida 500 Fern St West Palm Beach, NONE N/A Unrestricted 15,000. President and Fellows of Harvard College 124 Mount Auburn St Cambridge, MA 02138 NONE N/A Unrestricted 486,000. Bay Point School 22025 S.W. 87th Ave Miami, FL 33190 NONE N/A Unrestricted 50,000. Innocence Project 100 5th Ave New York, NY 10011 NONE -N/A Unrestricted 50,000. Naked Angels, Ltd. 9 Desbrosses St 2nd Floor New York, NY 10013 NONE N/A Unrestricted 1,000. Ohio State University 1480 W. Lane Ave Columbus, OH 43221 NONE N/A Unrestricted 2,500,000. Foundation for Criminal Justice 1660 L Street, N.W. Washington, DC 20036 NONE N/A Unrestricted 250,000. FL 33401 Page 3 Federal Statements 2007 13-3996471 The C.O.U.Q. Foundation, Inc Client COUQ 10:03AM 1 0/ 1 5/08 Statement 5 (continued) Form 990-PF, Part XV, Line 3a Recipient Paid During the Year Name and Address Donee Relationship Foundation Status Purpose of Grant Amount 50,000. Edge Foundation, Inc. ast 59th St 5 New York, NY 10022 NONE N/A Unrestricted Aspen Jewish Congregation PO Box 1167 Aspen , CO 81612 NONE N/A Unrestricted 50,000. Weill Medical College 445 East 69th St New York, NY 10021 NONE N/A Unrestricted 25,812. Alliance for Lupus Research 28 West 44th St New York, NY 10036 NONE N/A Unrestricted 5,000. Mount Sinai Breast Health Resource PO Box 1049 New York, NY 10029 NONE N/A Unrestricted 5,000. Robin Hood Foundation 826 Broadway 7th Floor New York, NY 10003 NONE N/A Unrestricted 5,000. Ballet Florida 500 Fern St West Palm Beach, NONE N/A Unrestricted 10,000. National Council of Jewish Woman 513 West MT. Pleasant Ave Livingston, NJ 07039 NONE N/A Unrestricted 5,000. Freestate Soccer Alliance PO Box 2093 Bowie, MD 20718 NONE N/A Unrestricted 25,000. Stockholm School of Economics 113 83 Sveavagen 65 Stockholm, Sweden, NONE N/A Unrestricted 30,000. NONE N/A Unrestricted 5,000. NONE N/A Unrestricted 500,000. $ FL 33401 Faith in the Future, PO Box 780188 Maspeth, NY 11378 Ramaz School 114 East 85th St New York, NY 10028 Inc. Page 4 Federal Statements 2007 13-3996471 The C.O.U.Q. Foundation, Inc Client COUQ 12:00PM 10/15/08 Statement 5 (continued) Form 990-PF, Part XV, Line 3a Recipient Paid During the Year e es FoundPurpose of ation Donee _Am___ount t WP— my; __r_a.n__G $ 3,000. Saint Peters Prep 144 Grand St Jersey City, NJ 07302 NONE N/A Unrestricted Weill Medical College 445 East 69th St New York, NY 10021 NONE N/A Unrestricted 25,877. Stockholm School of Economics 113 83 Sveavagen 65 Stockholm, Sweden, NONE N/A Unrestricted 25,000. YLK Charitable Fund 8000 Walton Parkway New Albany, OH 43054 NONE Unrestricted 14,267,681. Total E18; 6153 20. 2007 Client COUQ Federal Supporting Detail The C.O.U.Q. Foundation, Inc 10/ 1 5/08 Page 1 13-3996471 10:03AM Other Revenue Amount I Foreign Exchange Galn Foreign Exchange Gain. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , . . . . . . . . . . . . . . . . . .. $ Total § 49 320. 19,320. THE C.O.U.Q. FOUNDATION, INC. STATEMENT OF SUBSTANTIAL CONTRACTION FEBRUARY 29, 2008 On January 1, 2008 the Foundation transferred its interests in Second City Capital Partners I, LP and Bear Steams Asset Backed Securities Overseas Ltd. To YLK Charitable Fund. 8000 Walton Parkway, New Albany, Ohio 43054 TIN 26-1605 864. Second City Capital Partners 1, LP Bear Steams Asset Backed Securities Overseas Ltd Total $ 6,977,770 7,289,911 Mil GRANT AGREEMENT AGREEMENT, made as of the 2"d day of January, 2008, by and between The C.O.U.Q. Foundation, Inc., a Delaware not for profit corporation (the “Grantor”), and The YLK Charitable Fund, a Delaware corporation (the “Grantee”). WITNESSETH: WHEREAS, the Grantor has conducted a pre-grant inquiry, including inquiries regarding the organization, the application for exemption, the exempt purposes and the intended activities of the Grantee, as well as the identity, prior history and experience of the Grantee’s managers, and has given due consideration to all information available to the Grantor concerning the management and stated policies of the Grantee; WHEREAS, the Grantee represents to the Grantor that the Grantee has applied for and expects to be granted status as an exempt organization, qualified under Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the “Code”); WHEREAS, the Grantor desires to make a grant to the Grantee for the purpose of furthering the Grantee’s charitable purposes, and the Grantee desires to receive such grant from the Grantor; and WHEREAS, the Grantor and the Grantee desire to set forth the terms and conditions upon which the Grantor is making the grant to the Grantee, including me; Q, the parties’ obligations under the “expenditure responsibility” provisions contained in the Code and the regulations promulgated thereunder; NOW, THEREFORE, in consideration of the foregoing premises and the mutual covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, agree as follows: 1. Making of Grant. The Grantor shall grant, assign and transfer to the Grantee the assets described on Schedule A hereto (the “Grant”) as soon as is reasonably practicable For the purposes of this Agreement, the term “Grant” shall after the execution hereof. include any earnings of the Grantee attributable to the Grant. 2. the Grantee’s Pgrpose of Grant. The purpose of the Grant is to provide funding to further charitable purposes permissible for exempt organizations under Section 501(C)(3) or related provisions of the Code, the grants of the Grantee that may be made with such funds to be made at such times, in such amounts and to such recipients as the Grantee shall determine, subject always to the requirement that such grants must be permissible for private foundations exempt under Section 501(c)(3) or related provisions of the Code and otherwise be in compliance with the provisions of this Agreement. The Grant may not be used for any other purpose. 3. Terms of the Grant. The Grantee agrees as follows: (a) to use the full amount of the grant solely as provided herein, and to repay the unused portion of the grant in the event it is determined by final non-appealable decision or order of any federal or state court or governmental agency of competent jurisdiction that any portion of the grant has been used in violation of this Agreement; (b) For so long as any portion of the grant has neither been spent nor returned to the Grantor, to submit a full and complete annual report, by not later than March 31 of each year, commencing March 31, 2009, on the manner in which the funds were spent during the immediately preceding calendar year and the progress made in accomplishing the purposes of the Grant; (c) For so long as any portion of the grant has neither been spent nor returned to the Grantor, to maintain records of receipts and expenditures regarding the grant and to make its books and records regarding the grant available to the Grantor at reasonable times; (d) not to use any of the Grant; (i) to carry on propaganda, or otherwise attempt to influence legislation (within the meaning of Section 4945(d)(1) of the Code); (ii) to influence the outcome of any specific public election, or to carry on, directly or indirectly, any voter registration drive (within the meaning of Section 4945(d)(2) of the Code); (iii) to make any grant which does not comply with the individual grant requirements of Section 4945(d)(3) of the code or the organization grant requirements of Section 4945(d)(4) of the Code; or (iv) to undertake any activity for any noncharitable purpose (15., a purpose not specified in Section 170(c)(2)(B) of the Code). Additional Covenants of the Grantee. (a) The Grantee shall provide to the Grantor any and all information, documents and reports required to satisfy the “expenditure responsibility” requirements of Sections 4945(d) and (h) of the Code and the corresponding Treasury Regulations promulgated thereunder (including, but not limited to, Treas. Reg. Sec. 53.4945— 5). In the event of any changes in the laws and regulations governing expenditure responsibility with respect to the Grant, the Grantee agrees to comply with such changes and to provide to the Grantor any additional information, documents and reports as may be required. (b) The Grantee need not keep the Grant physically segregated from its other assets, but agrees to account for the Grant separately on its books and records. (c) Without limiting the generality of Section 4(a) above, the Grantee agrees to maintain records of receipts and expenditures under the Grant, as well as copies of reports submitted to the Grantor, for at least four years following the full disposition of the grant and the expenditure of all proceeds thereof. 5. Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Ohio, without regard to its choice of laws doctrine. 6. Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, and all of which shall constitute one and the same agreement. 7. Modifications. This Agreement may not be modified or amended, nor may any provisions hereof be waived, except in writing signed by the parties hereto. 8. Headings. The headings in this Agreement shall not be construed as substantive provisions and are included only for the convenience of reference. IN WITNESS WHEREOF, the parties hereto have executed this Agreement effective as of the day and year first above written. For The C.O.U.Q. Foundation, Inc. firrheVYLJK Charitable W’W. und \ Grant Agreement Schedule A 1. All of The COUQ Foundation, nc.’s, right, title and interest in and to Bear Stearns Asset Backed Securities Overseas Ltd., an exempted company organized under the laws of the Cayman Islands, effective as ofJanuary 1, 2008. 2. All of The COUQ Foundation, nc.’s, right, title and interest in and to the limited partnership interest in Second City Capital Partners I, a Delaware limited partnership, effective as ofJanuary 1, 2008. IRREVOCABLE ASSIGNMENT This IRREVOCABLE ASSIGNMENT by and between The C.O.U.Q. Foundation, Inc., a Delaware not-for-profit corporation (“Assignor”), as assignor of the Assigned Interest (as defined below) and The YLK Charitable Fund, a Delaware corporation (“Assignee”). WHEREAS, Assignor is presently the owner of a limited partnership interest in Second City Capital Farmers I, a Delaware limited partnership (the “Fund”); and WHEREAS, Assignor desires to assign all of Assignor’s right, title and interest in and to the Fund, which the Fund represented as having partner equity of $6,518,065 as of September 30, 2007 (the “Assigned Interest”), to Assignee, and Assignee desires to accept Assignor’s assignment of the Assigned Interest. NOW, THEREFORE, in consideration of the premises, the parties hereto agree as follows: 1. For and as a grant and charitable contribution, Assignor hereby irrevocably pledges, assigns, transfers and sets over unto Assignee, effective as of January 1, 2008, all of the right, title and interest of Assignor in and to the Assigned Interest, subject to Assignor’s obligations under the partnership agreement of the Fund and Assignor’s executed subscription agreement with respect to the Assigned Interest (the “Partnership Documents”). Assignor also hereby irrevocably assigns all of the right, title and interest of Assignor under the Put Agreement dated for reference March 5, 2004 between Assignor and Gibralt Capital Corporation to Assignee subject only to the conditions set forth in Section 4.3 of said Put Agreement. 2. Each of the Assignor and the Assignee hereby covenants and agrees with the other that it shall execute and deliver such further insh'uments and do such further acts and things as may be required from the Assignor or the Assignee as the case may be for the Fund to consent to the assignment of the Assigned Interest as provided herein and to admit the Assignee as a substituted limited partner of the Fund to the extent of the Assigned Interest, including providing any necessary representations, warranties or indemnifies, required by the Fund to effect the assignment and the substitution of Assignee as a limited partner. 3. Assignee hereby accepts the assignment of the Assigned Interest effective as of January 1, 2008. 4. Assignor hereby represents and warrants as of both the date of execution and as of January 1, 2008 that (i) it is the owner of the Assigned Interest and is transferring the Assigied Interest to the Assignee fi'ee and clear of any adverse claims created by or through or known to Assignor, (ii) there is no Page 1 of 3 investment banker, broker, finder or other intermediary which has been retained by or is authorized to act on behalf of Assignor who might be entitled to any fee or commission from Assignee or any other person or entity (other than Assignor) in connection with the offering or transfer of the Assigned Interest, and (iii) it is not in default of any capital contribution or other obligation with respect to the Assigned Interest. 5. Assignor does hereby represent and warrant to Assignee as of both the date of execution and as of January 1, 2008 that: (a) Assignor is duly organized, validly existing and in good standing under the laws of its jurisdiction of organization and the execution, delivery and performance by it of this Assignment are within its powers, have been duly authorized by all necessary corporate or other action on its behalf, require no action by or in respect of, or filing with, any governmental body, agency or official and do not and will not contravene, or constitute a default under, any provision of applicable law or regulation or of its certificate of incorporation or other comparable organizational documents or any agreement (other than the Partnership Documents which, inter alia, require consent to the assignment), judgment, injunction, order, or decree to which Assignor is a party or by which Assignor or any of the properties or assets of Assignor is bound. (b) The officer executing this Assignment on behalf of Assignor is fully authorized and empowered to do so. (c) This Assignment constitutes a valid, binding and irrevocable assignment of Assignor in accordance with its terms, subject only to the consent of the Fund. 6. Assignee (i) acknowledges receipt of a copy of the Partnership Documents, and (ii) agrees to be bound by and to accept the Assigned Interest subject to the terms and conditions of the Partnership Documents, and (iii) represents and warrants that it is a corporation organized to be an entity which qualifies as an exempt organization under Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the “Code"), and on or before January 1, 2008, will have filed an application with the Internal Revenue Service for, and expects to be granted, status as an exempt organization under Section 501(c)(3) of the Code. The Assignee further agrees, promptly afier the execution hereof, upon presentation to it by the General Partner of a signature page thereof, to sign the limited partnership agreement. Neither this Assignment nor any provisions hereof shall be waived, 7. modified, discharged or terminated except by an instrument in writing signed by Page 2 of 3 the party against whom any waiver, modification, discharge or temiination is sought. This Assignment shall be binding upon and inure to the benefit of 8. the parties and their successors, permitted assigns, heirs, estates, executors, administrators and personal representatives. The representations and warranties of the parties shall survive the assignment of the Assigned Interest. This Assignment shall be governed by and construed in accordance 9. with the internal laws of the State of New York without regard to conflict of laws principles. This Assignment may be executed in counterparts with the same execuu'ng the counterparts had all executed one counterpart. parties effect as if the 10. IN WITNESS WHEREOF, the undersigned have executed this Assignment. ASSIGNOR: ASSIGNEE: The C.O.U.Q. Foundation, Inc. The YLK Charitable Fund L By A.) Namai Title: /‘ By _ - gum—c“ K 1,544; \I ; Ct Pa. 56‘. “JP Name: Title: 132529 Page 3 of 3 the party against whom any waiver, modification, discharge or terminan'on is sought. 8. This Assignment shall be binding upon and inure to the benefit of the parties and their successors, permitted assigns, heirs, estates, executors, administrators and personal representatives. The representations and warranties of the parties shall survive the assignment of the Assigned Interest. This Assignment shall be governed by and construed in accordance 9. with the internal laws of the State of New York without regard to conflict of laws principles. 10. This Assignment may be executed in counterparts with the same effect as if the parties executing the counterparts had all executed one counterpart. IN WITNESS WHEREOF, the undersigned have executed this Assignment. ASSIGNOR: ASSIGNEE: The C.O.U.Q. Foundation, Inc. The YLK Charitable Fund By BYW KID) , Name: KCQJW Title: @331“?! Name: Title: 182529 Page 3 of 3 IRREVOCABLE ASSIGNIVIENT This IRREVOCABLE ASSIGNMENT by and between The C.O.U.Q. Foundation, Inc., a New York not-for-profit corporation (“Assignor”), as assignor of the Assigned Interest (as defined below) and The YLK Charitable Fund, a Delaware corporation (“Assignee”). WHEREAS, Assignor is presently the owner of shares of Bear Steams Asset Backed Securities Overseas Ltd., an exempted company organized under the laws of the Cayman Islands (the “Fund”); and WHEREAS, Assignor desires to assign all of Assignor’s right, title and interest in and to the Fund, which the Fund valued at $11,841,632.82 as of June 30, 2007 (and as to which the Fund provided monthly estimates intended not to be relied upon as ending values, but based on which the estimated value of the interest would be reduced to approximately $6,907,849 as of November 30, 2007) (the “Assigned Interest”), to Assignee and Assignee desires to accept Assignor’s assignment of the Assigned Interest. NOW, THEREFORE, in consideration of the premises, the parties hereto agree as follows: 1. For and as a grant and charitable contribution to Assignee, Assignor hereby irrevocably pledges, assigns, transfers and sets over unto Assignee, effective as of January 1, 2008, all of the right, title and interest of Assignor in and to the Assigned Interest subject to the provisions of the organization documents and subscription agreement of the Flmd (the “Investment Documents”). 2. Each of the Assignor and the Assignee hereby covenants and agrees with the other that it shall execute and deliver such fithher instruments and do such fiirther acts and things as may be reasonably required from such party for the Fund to consent to the transfer of and to transfer all of Assignor’s right, title, and interest in the Assigned Interests to Assignee, including providing any necessary representations and, in the case of Assignor warranties or indemnifies, required by the Fund to effect the assignment. 3. Assignee hereby accepts the assignment of the Assigned Interest, effective as of January 1, 2008. 4. Assignor hereby represents and warrants as of both the date of execution and as 'of January 1, 2008 that (i) it is the owner of the Assigned Interest and is transferring the Assigned Interest to the Assignee free and clear of any adverse claims created by or through or lcnown to Assignor, (ii) there is no investment banker, broker, finder or other intermediary which has been retained Page 1 of 3 by or is authorized to act on behalf of Assignor who might be entitled to any fee or commission fiom Assignee or any other person or entity (other than Assignor) in connection with the offering or transfer of the Assigned Interest, (iii) it is not in default of any capital contribution or other obligation with respect to the Assigned Interest, and (iv) Assignor has not received any amount or property from the Fund from June 30, 2007 through date of execution and as of January 1, 2008. S. Assignor does hereby represent and warrant to Assignee as of both the date of execution and as of January 1, 2008 that: (a) Assignor is duly organized, validly existing and in good standing under the laws of its jurisdiction of organization and the execution, delivery and performance by it of this Assignment are within its powars, have been duly authorized by all necessary corporate or other action on its behalf, require no action by or in respect of, or filing with, any governmental body, agency or official and do not and will not contravene, or constitute a default under, any provision of applicable law or regulation or of its certificate of incorporation or other comparable organizational documents or any agreement (other than the Investment Documents which, in_ter_ it], require the Fund to consent to the transfer) to which Assignor is a party or by which Assignor or any of the properties or assets of Assignor is bound. (b) The officer executing this Assignment on behalf of Assignor is fiilly authorized and empowered to do so. This Assignment constitutes a valid, binding and (c) irrevocable assignment of Assignor, enforceable against Assignor in accordanCe with its terms, subject only to the consent of the Fund. Assignee (i) acknowledges receipt of a copy of the Fund’s Investment Documents, (ii) acknowledges and agrees that Assignee takes the Assigned Interest subject to their provisions, and represents and warrants that it is 6. a corporation organized to be an entity which qualifies as an exempt organization under Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the “Code"), and on or before January 1, 2008, will have filed an application with the Internal Revenue Service for, and expects to be granted, status as an exempt organization under Section 501(c)(3) of the Code. Neither this Assignment nor any provisions hereof shall be waived, or terminated except by an instrument in writing signed by discharged modified, the party against whom any waiver, modification, discharge or termination is 7. sought. Page 2 of 3 DEE-El-BUONFRI) l7:59 P. 009/015 8. This Assimqu shall be binding upon and inure to the bcncfit of the parties and their successors, permitted assigns, heirs, cslntcs, executors, ndminisuntors and personal rcprcsentafives. The: represrmtafions and Warmtics ofthe parties as provided herein shall survive the assignment of the Assigned Inter-em; 9. This Assignment shall be governed by and construed in accordance with the internal laws ofthe State ofNew York without regard to conflict of laws principles. . ~10. This Assigmnent my be executed in cmmtcrparrs with thc same efi‘ecl as if the parties executing the counmrpartshad 'all mud one countcrpart. IN WITNESS WHEREOF, the undersigned have executed this Assignnicnt. Assrcuon; ASSIGNEE: The C.O.U.Q. Foundation, Inc. The YLK Chm-Emu: Fund B By Na‘mflbgw (A K .mut Ki Tine: mm Pregccoen’r N'amc: Tunic: 1&526 Page 3 of3 8. This Assignment shall be binding upon and inm'e to the benefit of the parties and their successors, permitted assigns, heirs, estates, executors, administrators and personal representatives. The representations and warranties of the parties as provided herein shall survive the assignment of the Assigned Interests. 9. This Assignment shall be governed by and construed in accordance with the internal laws of the State of New York without regard to conflict of laws principles. 10. This Assignment may be executed in counterparts with the same effect as if the parties executing the counterparts had all executed one counterpart. IN WITNESS WI-IEREOF, the undersigned have executed this Assignment. ASSIGNOR: ASSIGNEE: The C.O.U.Q. Foundation, Inc. The YLK Charitable Fund By Name: Title: I 82526 Page 3 of 3 ‘QEFIUE cor. Fm Application for Extension of Time To File an (Rov.April2008) Exempt Organization Return fimWJngw OMENo.1545.1709 > File a separate application tor each retum. o if you are filing for an Automatic 3-Month Extension. complete only Part l and check this box . . . D 0 If you are filing for an Additional (Not Automatic) 3-Month Extension. complete only Part ii (on page 2 of this farm). Do not coleale Part ll unless you have already been granted an automatic 3-month extension on apreviously filed Form 8868. Automatic a-Month Extension of Time. Only submit original (no copies needed). A corporation required to tile Form QQO-T and requesting an automatic 6-month extension—check this box and complete .....>D Partlonly..... All other corporations (including tiZO—C fliers), partnerships. REMICs. and trusts must use Form 7004 to request an extension of time to file income tax rstums. Electronic Filing (re-file). Generally, you can electronically file Form 8868 if you want a 3-month automatic extension of time to tile one of the returns noted below (6 months for a corporation required to file Form 990-T). However, you cannot file Form 8868 electronically It (1) you want the additional (not automatic) 3-month extension or (2) you tile Forms BSD-BL, 5069. or 8570, group returns. or a composite or consolidated Form BSD-T. Instead. you must submit the fully completed and signed page 2 (Part ll) of Form 8868. For more details on the electronic filing of this torm. visit www.irs.gav/eilie and click on e-file ior CharitieS & Nonprofits. Type or print :3: bugle” a.an your flmf‘ufi; Name 0* Emmi)! Organization The 0.0.0.0. Foundation Number. street. and room or suite no. It a PO. box. see instructions. clo George V. nelson Associates, 110 East 59th Street City. town or post ollica. state. and ZlP code. For a loreign address. see instructions. New Vork, NV 10022 Check type of return to be tiled(tile a separate application for each relum): El Form 990-T (corporation) D Form 990 CI Form 990-T (sec. 401(3) or 408(a) trust) D Form 990-BL Cl Form 990-T (trust other than above) El Form 990-EZ Ci Form 1041-A Form QQO-PF Employerlldentflication number 1:! l 3995471 Cl D CI Ci Fonn Form Form Form 4720 5227 6069 8870 o The books are in the care oi > £93993:39593555993933!........................................................-. FAX No. b l........ ..).............................. Telephone No. b .(_.-.2.1..z....)........ ..99§'.9§.32 ....... .. . . . . . . > CI 0 It the organization does not have an office or place of business in the United States, check this box 0 it this is tor a Group Return. enter the organization's four digit Group Exemption Number (GEM—.__. it this is lor the whole group. check this box . . . . . . > El . it it is for part oi the group. check this box . . . . . . D (j and attach a list with the names and Ele of all members the extension will cover. 1 i request an automatic 3-month (6 months for a corporation required to file Form QED-T) extension at time until ____"9539315553-.-" , 20.9.”... to file the exempt organization return lor the organization named above. The extension is for the organization's return for: > D calendar year 20 ......_.or F El tax year beginning ........... "WEE."............_ . 20 "9.7.. . and ending ........... £99930}?........... -.. 20.15.... 2 If this tax year is tor less than 12 months. check reason: U Initial return [:1 Final return CI Change in accounting period 3a if this application ls lor Form BSD-BL. 990-PF, 990-T, 4720. or 6069. enter the tentative tax, 23.872 as $ less any nonrefundable credits. See instructions. b it this application is for Form BSD-PF or QQO-T. enter any refundable credits and estimated tax 18,812 $ gyments made. include any prior year overpayment allowed as a credit. c Balance Due. Subtract line 3b from line 3a. include your payment with this form, or. If required, twig; deposit with Fl'D coupon or, if required, by using EFTPS (Electronic Federal Tax Payment 5,000 I 3.; $ System). See instructions. Caution. If you are going to make an electronic tund withdrawal with this Form 8868. see Form 8453-EO and Form 8879-80 tor payment instructions. Form 8868 (Rev. 4-2008) Cat. No. 279180 For Privacy Act and PapenNorit Reduction Act Notice. see instructions.