Form
990 -PF Return of Private Foundation
• or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Department of the Treasury Note : The organization may be able to use a copy of this return to satisfy state
Intern a l R e venue Se rvic e reporting requirements
OMB No 1545-0052
2005
For calendar y ear 2005 , or tax y ear be innin , 2005 , and endin g
G Check all that a pp l y Initial return Final return Amended return Address chan g e Name chan g e --1
Ci4
(D
0
F j
Use the Name of organization A Employer identification number
IRS label . THE WILBUR AND HILDA GLENN FAMILY FOUNDATION 58-6328896
Otherwise , Number and street (or P 0 box number if ma i l is not delivered to street address ) Room / suite B Telephone number ( see instructions)
or type 1201 WEST PEACHTREE ST. NW SUITE 5000 (404) 815-4520
See Specific City or town State ZIP code C If exemption application is pending, check here Instructions .
ATLANTA GA 30309 D 1 Foreign organizations , check here
H Check type of organization X Section 501 (c)(3exempt private foundation 2 Foreign organizations meeting the 85 % test, check Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation
❑ here and attach computation
Fair market value of all assets at end of year J Accounting method X Cash Accrual E If private foundation status was terminated under section 507(bxlXA), check here (from Part fl, column (c), line 16) Other (specify) _ _ _ _ _ _ _ _ _ _ _ _ _ F If the foundation is in a 60 - month termination
$ 168, 2 4 3 67 3. (Part column (d) must be on cash basis) under section 507(b)( 1 )(B), check here
Part I Analysis of Revenue an d
(a) Revenue and (b) Net investment (c) Adjusted net (d) DisbursementsEx p enses (The total of amounts in expenses per books income income for charitable
columns (b), (c), and (d) may not neces- purposes
sarily equal the amounts in column (a) (cash basis only)
(see instructions) )
1 Contributions. gifts, grants, etc , received ( att sch) 29,889 , 713.
2 Ck * fJ d the foundn is not req to att Sch B
3 Interest on savings and temporary
cash investments 444 , 696. 444 , 696.
4 Dividends and interest from securities 1, 329 593. 1 , 329 , 593. 5a Gross rents
b Net rental income or (loss)
6a Net gain /( loss) from sale of assets not on line 10 1,328 , 047.
R E
b Gross sales price for all 18 430,492. assets on l i ne 6a
V 7 Capital gain net i ncome (from Part IV, line 2) 1,328 , 047.
E 8 Net short-term capital gain
NU 9 Income modifications I
E 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 Line 11 Stmt 5 722, 668. 3 , 163 , 031.
12 Total . Add lines 1 through 11 38, 714, 717. 6,265,367.
13 Compensation of officers, directors , trustees , etc 3 , 755. 3 , 755. ,
14 Other employee salaries and wages A 15 Pension plans, employee benefits
D 16a Legal fees ( attach schedule) c^
i b Accounting fees (attach sch) c^ lluv
0 " c Other prof fees (attach sch) L-16c Stmt 454 , 185. 454 185. it
p s
E T 17 Interest
R A 18 Taxes ( attach schedule ) See Line 1S Stmt 188 004. 8 , 004. T T 19 Depreciation ( attach schedule ) and depletion
N v 20 Occupancy
G E 21 Travel, conferences, and meetings A E
N 22 Printing and publications
D p 23 Other expenses (attach schedule)
EN Bank Service Charges 7.
S 24 Total operating and administrative
s expenses . Add lines 13 through 23 645,951. 465 , 944.
25 Contributions , gifts, grants paid 2 , 022 500. 2 1` 022 1 500.
26 Total expenses and disbursements.
Add lines 24 and 25 2 668 451. 465 , 944. 2 022 500 .
27 Subtract line 26 from line 12: a Excess of revenue over expenses
and disbursements 36,046,266. 1 1
b Net investment income ( if negative, enter 0 5 , 799,423.
C Adjusted net income ( if negative, enter -0-)
BAA For Privacy Act and Paperwork Reduction Act Notice , see the instructions . TEEA0301 09/19/05 form 99U-Ph (-LUUD)
Fnrm aan.ar (2nnWt THR WTT,RTTR ANTI HTT,fA C: T.RNN FAMTT ,Y FOtINDATTON 5A-6328896 Pan.. 2
Attached schedules and amounts in the description
a
Beginning of year End of yearnce Sheets
column should be for end - of-year amounts onlyPart II Bal
(See instructions ) ( a) Book Value (b) Book Value (c) Fair Market Value
^I Cash - non-interest - bearing
2 Savings and temporary cash investments 12 654 381. 34 250 734. 34 , 250 , 734. 3 Accounts receivable
Less allowance for doubtful accounts 0*
--- 4 Pledges receivable
Less allowance for doubtful accounts
--- 5 Grants receivable
6 Receivables due from officers , directors, trustees , and other disqualified persons ( attach schedule ) ( see instructions)
7 Other notes and loans receivable ( attach sch ) -- -
--- Less allowance for doubtful accounts
Ss 8 Inventories for sale or use ---
eIt 9 Prepaid expenses and deferred charges s 10a Investments - U S and state government
obligations ( attach schedule ) L-10a Stmt 7 , 032 , 766. 7 186 494. 7 1 1-6-4- 1 582. b Investments - corporate stock ( attach schedule ) L-10b Stmt 18 , 309 , 355. 18 , 470 , 296. 20 , 845 , 909. c Investments - corporate bonds ( attach schedule)
11 Investments - land, buildings, and
equipment : basis _ _ _ _ _ _
Less accumulated depreciation (attach schedule)
--- 12 Investments - mortgage loans
13 Investments - other (attach schedule ) L-13 Stmt 83, 076 254. 97, 211, 498. 105 , 982 , 448. 14 Land, buildings , and equipment basis
--- Less accumulated depreciation
(attach schedule ) 15 Other assets ( describe
16 Total assets ( to be completed by all filers -
see instructions Also, see p a g e 1, item I) 121, 072, 756. 157, 119 , 022. 168 243, 673. L 17 Accounts payable and accrued expenses
a 18 Grants payable b 19 Deferred revenue
20 Loans from officers, directors , trustees, & other disqualified persons i 21 Mortgages and other notes payable ( attach schedule)
t 22 Other liabilities ( describe )
e
s 23 Total liabilities (add lines 17 throu g h 22)
Organizations that follow SFAS 117 , check here 0. Ll and complete lines 24 through 26 and lines 30 and 31. N F 24 Unrestricted
e u
It n 25 Temporarily restricted 26 Permanently restricted
A Organizations that do not follow SFAS 117 , check here 1 S a and complete lines 27 through 31.
e I
It a 27 Capital stock , trust principal , or current funds 121 072 756. 157 119 022. s n 28 Paid-in or capital surplus, or land, building , and equipment fund
o ec 29 Retained earnings, accumulated income, endowment , or other funds
r s 30 Total net assets or fund balances ( see instructions ) 121 , 072 , 756. 157 , 119 , 022. 31 Total liabilities and net assetsifund balances
(see instructions ) 121 , 072 756. 157 , 119 , 022.
Part III Analysis of Changes 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 year's return) - - 1 121 12 , 756.
2 Enter amount from Part I, line 27a 2 36 046 266.
3 Other increases not included in line 2 ( itemize ) 3
4 Add lines 1, 2, and 3 4 157 119 022.
5 Decreases not included in line 2 (itemize ) 5
6 Total net assets or fund balances at end of year (line 4 minus line 5) - Part II, column (b), line 30 6 157, 119, 022 .
BAA TEEA0302 09/19/05 Form 990-PF (2005)
Form 990-PF (2005 ) THE WILBUR AND HILDA GLENN FAMILY FOUNDATION 58-6328896 Pa g e 3 Part IV Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind ( s) of property sold (e g , real estate, story brick warehouse , or common stock , 200 shares MLC Company)
(b ) How acquired P - Purchase D - Donation
( c ) Date acquired ( month, day, year )
(d) Date sold ( month, day, year)
1a Fidelit y Account P various various
bClover Ca p ital Mana g ement P various various
c Eubel Brad y & Suttman P various various
d Fred Al g er Mid Ca p P various various
e Private Ca p ital Mana g ement P various various
(e) Gross sales price ( f) Depreciation allowed (or allowable)
(g) Cost or other basis plus expense of sale
( h) Gain or (loss) (e) plus ( f) minus (g)
a 4 653 465. 4 , 599 , 042 . 54 , 423.
b 4 , 846,761. 4 , 384 , 040. 462 721.
c 1 , 058,436. 853 , 456. 209 980.
d 7 , 278 , 110. 6 , 791 , 776 . 486 334.
e 593 720. 474 131. 119 589.
Complete onl y for assets showing gain in column ( h) and owned b the foundation on 12/31/69 (I) Gains ( Column (h) (i) Fair Market Value
as of 12/ 31/69
Q) Adjusted basis as of 12/ 31/69
( k) Excess of column ( i) over column Q), if any
gain minus column ( k), but not less than 4 ) or Losses ( from column (h))
a 0. 0. 0. 54 , 423.
b 0. 0. 0. 462 721.
c 0. 0. 0. 204 980.
d 0. 0- 0 . 486 334.
e 0. 0. 0. 119 589.
2 Capital gain net income or ( net capital loss ) [ If gain, also enter in Part I, line 7
If (loss), enter -0 - in Part I, line 7 2 1, 328 , 047. 3 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 Part I, line 8 3
Part V I 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 organization liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No If 'Yes,' the organization does not qualify under section 4940 ( e) Do not complete this part
1 Enter the appropriate amount in each column for each year, see instructions before making any entries ( a )
Base period years Calendar year (or tax year
beginning in)
b
Adjusted qualifying distributions
C) Net value of nonchantable-use assets
( d ) Distribution ratio (column (b) divided by column (c))
2004 4,600,263. 115 , 079 000. 0.039975
2003 5 , 647 , 805. 85 278 045. 0.066228
2002 723,566. 14 106 892. 0.051292
2001 831,280. 16 077 700- 0.051704
2000 1,026 656. 17,978 047. 0.057106
2 Total of line 1, column (d) 2 0.266305
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 3 0.053261
4 Enter the net value of noncharitable-use assets for 2005 from Part X, line 5 4 144 , 024 , 584.
5 Multiply line 4 by line 3 5 7 670 893.
6 Enter 1 % of net investment income (I% of Part I, line 27b) 6 57 , 994.
7 Add lines 5 and 6 - - 7 7 , 728 , 887.
8 Enter qualifying distributions from Part XII, line 4 8 2 , 022 , 500.
If line 8 is equal to or greater than line 7, check the box in Part VI , line lb, and complete that part using a 1% tax rate See the Part VI instructions
BAA Form 990 -PF (2005)
TEEA0303 09/19/05
Form 990-PF (2005) THE WILBUR AND HILDA GLENN FAMILY FOUNDATION 58-6328896 Page 4 Part VI Excise Tax Based on Investment Income ( Section 4940 ( a ) , 4940 ( b) , 4940 (e) , or 4948 - see instructions )
1 a Exempt operating foundations described in section 4940(d)(2), check here ^ and enter 'N/A' on line 1 Dale of ruling letter (attach copy of ruling letter if necessary - see instructions)
- b Domestic organizations that meet the section 4940(e) requirements in Part V, 1 115 , 988
check here ^ and enter 1 % of Part I, line 27b
c All other domestic organizations enter 2% of line 27b Exempt foreign organizations enter 4% of Part I, line 12, column (b) _
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only Others enter -0-) 2 0.
3 Add lines 1 and 2 3 115 , 988.
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only Others enter -0-) 4 0. 5 Tax based on investment income. Subtract line 4 from line 3 If zero or less, enter -0- 5 115,988 . 6 Credits/Payments
a 2005 estimated tax pmts and 2004 overpayment credited to 2005 6 a 103 , 894. b Exempt foreign organizations - tax withheld at source 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 200 , 000.
d Backup withholding erroneously withheld 6d J
7 Total credits and payments Add lines 6a through 6d 7 303 , 894.
8 Enter any penalty for underpayment of estimated tax Check here F] if Form 2220 is attached 8 9 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 ^ 10 187 906. 11 Enter the amount on line 10 to be Credited to 2006 estimated tax ^ 187,906. Refunded ^ 11
Part VII-A Statements Re g ardin g Activities
1 a During the tax year, did the organization attempt to influence any national, state, or local legislation or did it Yes No
participate or intervene in any political campaign? 1 a X
b Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see instructions for definition)? 1 b X If the answer Is 'Yes' to la or 1b, attach a detailed description of the activities and copies of any materials published
or distributed by the organization in connection with the activities _
c Did the organization file Form 1120-POL for this year? 1 c X
d Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year.
(1) On the organization ^ $ (2) On organization managers *.$
e Enter the reimbursement (if any) paid by the organization during the year for political expenditure tax imposed on organization managers $
2 Has the organization engaged in any activities that have not previously been reported to the IRS' 2 X If 'Yes,' attach a detailed description of the activities
3 Has the organization 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 X 4a Did the organization have unrelated business gross income of $1,000 or more during the years 4a X
b If 'Yes,' has it filed a tax return on Form 990-T for this year? 4b X
5 Was there a liquidation, termination, dissolution, or substantial contraction during the year? 5 X 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 eiiectrveiy amends the governing instrument so that ^^no r na^d...3,,..,tory d:rect cns that conflict -- --
with the state law remain in the governing instrument? 6 X
7 Did the organization have at least $5,000 in assets at any time during the year? If 'Yes,' complete Part 11, column (c), and Part XV 7 X 8a Enter the states to which the foundation reports or with which it is registered (see instructions) ^ Georcjia
---
b If the answer is 'Yes' to line 7, has the organization furnished a copy of Form 990-PF to the Attorney General - (or designate) of each state as required by General Instruction G? If 'No, 'attach explanation 8b X 9 Is the organization claiming status as a private operating foundation within the meaning of section 4942(1X3) or 4942(1)(5) for calendar year 2005 or - - -- - - -- -
the taxable year beginning in 2005 (see instructions for Part XIV)7 If 'Yes,' complete Part XIV 9 X
10 Did any persons become substantial contributors during the tax year' 10 X
If 'Yes,' attach a schedule listing their names and addresses
11 Did the organization comply with the public inspection requirements for its annual returns and exemption application' 11 X
Web site address ^ N/A
--- --- 12 The books are in care of ^ Sharon R. Fisher, CPA________--__ Telephoneno ^ (404) 815-4500
---
ZIP + 4 ^ 0309- 3 4_4_9
ui 0, Atla n t a G A 3
P h tre St S t e 5 0 0
Located at ^ _ _ _1 20 1_ W . __ _e ac__ _e_ __._ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 13 Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 - Check here- ^
and enter the amount of tax-exempt interest received or accrued during the year 13
BAA Form 990-PF (2005)
TEEA0304 09/19/05
Form 990 - PF (2005 ) THE WILBUR AND HILDA GLENN FAMILY FOUNDATION 58-6328896 Page 5
Part VII- B Statements Re g ardin g Activities for Which Form 4720 Ma y Be Re q uired
Fite Form 4720 if any item is checked in the 'Yes ' column, unless an exception applies. Yes No 1 a Di.hing the year did the organization (either directly or indirectly)
(1) Engage in the sale or exchange, or leasing of property with a disqualified person's Yes X] 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 dis ualifiedq person)? LI Yes No
(6) Agree to pay money or property to a government official? ( Exception . Check 'No' if the organization agreed to make a grant to or to employ the official for a period after termination
within 90 da overnment service if terminatin
ofg , g ys) 11 Yes No
1 f th f l t l f th
b Ifany answer is 'Yes' to 1a( )-(6), d di any o e ac s ait o qua i y un erd e excep ionst describ de in --
Regulations section 53 4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? 1 b X Organizations relying on a current notice regarding disaster assistance check here
c Did the organization 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 2005' 1 c X
2 Taxes on failure to distribute income (section 4942) (does not apply for years the organization was a private operating foundation defined in section 4942(1)(3) or 4942(1)(5))
a At the end of tax year 2005, did the organization have any undistributed income (lines 6d
❑
' [] Yes X No
and 6e, Part XIII) for tax year(s) beginning before 2005 If 'Yes,' list the years 01 20 , 20 , 20 , 20
b Are there any years listed in 2a for which the organization 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) 2b
c If the provisions of section 4942 ( a)(2) are being applied to any of the years listed in 2a, list the years here
01 20 20 , 20 20
3a Did the organization hold more than a 2% direct or indirect interest in any business
enterprise at any time during the year? El Yes [] No
b If 'Yes,' did it have excess business holdings in 2005 as a result of (1) any purchase by the organization or disqualified persons after May 26, 1969, (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest, or (3) the lapse of the 10-, 15-, or 20-year first phase holding period' (Use Schedule C, Form 4720, to
determine if the organization had excess business holdings in 2005) 3b X
4a Did the organization invest during the year any amount in a manner that would jeopardize its
l - _ -
-_
charitable purposes? 4a
b Did the organization make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of
the tax year beginning in 20057 4b X
5a During the year did the organization pay or incur any amount to
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? Yes No (2) Influence the outcome of any spec'fir public election (see sect:on 4055), or to carry
on, directly or indirectly, any voter registration drive? 8 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
' LI Yes No
1 4940 d 2
509 ), ( ), or ( ), or sec ion2 3 t ( )( ) in section (a)(
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
to children or animals? fl Yes No
r for the revention of cruelt
l s s
d tiona purpo , o p y
e uca e
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 53.4945 or in a current notice regarding disaster assistance - - -
(see instructions)? 5b
Organizations relying on a current notice regarding disaster assistance check here LI c If the answer is 'Yes' to question 5a(4), does the organization claim exemption from the
E]
? 11 Yes No
tax because it maintained expenditure responsibility for the grant
If 'Yes,' attach the statement required by Regulations section 53 4945-5(d).
6a Did the organization, during the year, receive any funds, directly or indirectly, to pay premiums
? E]Yes El No
on a personal benefit contract _
b Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? 6b X If you answered 'Yes' to 6b, also file Form 8870
BAA TEEAo305 09/19/05 Form 990-PF (2005)
Form 990-PF (2005) THE WILBUR AND HILDA GLENN FAMILY FOUNDATION 58-6328896 Page 6 Part VIII Information About Officers, Directors , Trustees, Foundation Managers , Highly Paid Employees,
and Contractors
1 List all officers. directors . trustees . foundation mananers and their comnencation ( see instructions).
(b) Title and average (c) Compensation (d) Contributions to (e) Expense account, (a) Name and address hours per week ( If not paid , enter -0-) employee benefit other allowances
devoted to position plans and deferred
com p ensation Thomas_K._ G1en_nL -I-, _ _ _ _ _ _ _ _ _ Pres./Trustee
Atlanta 20 0. 0. 0.
Louise R. Glenn
--- Trustee
Atlanta 2 0. 0. 0.
Henry Bowden,_ Jr _ _ _ _ _ _ _ _ _ _ _ Sec./Trustee
Atlanta 0 0. 0. 0.
See Part VIII, Line 1 Stmt
---
-
3,755. 0. 0.
2 Comoensation of five highest-paid emolovees (other than those included on line 1- see instructions). If none. enter'NONE.' (a) Name and address of each employee
paid more than $50,000
(b) Title and average hours per week devoted to position
(c) Compensation (d) Contributions to employee benefit plans and deferred
com p ensation
(e) Expense account, other allowances
---None 0
0 0. 0. 0.
--- --- --- ---
Total number of other employees paid over $50,000 None
3 Five hiahest-paid indeoendent contractors for professional services - (see instructions). If none. enter'NONE.'
( a ) Name and address of each p erson p aid more than $50,000 ( b) Typ e of service c Com p ensation
---None
0. ---
--- ---
---
Total number of others receiving over $50,000 for professional services None
Part IX-A 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 I
Expenses organizations and other beneficiaries served, conferences convened, research papers produced, etc
1 N/A
--- ---
0.
2 ---
---
3 ---
---
---
BAA TEEA0306 09119/05 Form 990-PF (2005)
Form 990-PF (2005) THE WILBUR AND HILDA GLENN FAMILY FOUNDATION 58-6328896 Page 7 Part IX - B summary of Program - Related Investments (see instructions)
Describe the two lar g est program-related investments made by the foundation during the tax y ear on lines 1 and 2 Amount 1 None
--- ---
.
2 ---
--- All other program-related investments See instructions
3 ---
---
Total. Add lines 1 through 3 10. None
Part X 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
--
1 a 54 r 020 1 733.
bAverage of monthly cash balances 1 b 11 3 , 598.
c Fair market value of all other assets (see instructions) 1 c 81 , 023 , 521 .
d Total (add lines 1 a, b and c) 1 d 146 , 217 , 852.
e Reduction claimed for blockage or other factors reported on lines la and 1c
(attach detailed explanation) 1 e
2 Acquisition indebtedness applicable to line 1 assets 2
3 Subtract line 2 from line Id 3 146,217 , 852.
4 Cash deemed held for charitable activities Enter 1 -1 /2% of line 3 (for greater amount, see instructions) 4 2 , 193 2 68 . 5 Net value of noncharitable-use assets . Subtract line 4 from line 3 Enter here and on Part V, line 4 5 144 024 584.
6 Minimum investment return . Enter 5% of line 5 6 7, 201, 229.
Part XI Distributable Amount (see instructions) (Section 49420)(3) and 0)(5) private operating foundations and certain forei g n or g anizations check here and do not complete this p art)
1 Minimum investment return from Part X, line 6 1 7 , 201 229.
2a Tax on investment income for 2005 from Part VI, line 5 2a 115 , 988.
b Income tax for 2005 (This does not include the tax from Part VI) 2b
c Add lines 2a and 2b 2c 115,988.
3 Distributable amount before adjustments Subtract line 2c from line 1 3 7 , 085 241.
4 Recoveries of amounts treated as qualifying distributions 4
5 Add lines 3 and 4 5 7,085 , 241.
6 Deduction from distributable amount (see instructions) 6
7 Distributable amount as adjusted Subtract line 6 from line 5. Enter here and on Part XIII, line 1 7 7 , 085,241.
Part XII Qualifying Distributions (see instructions)
1 Amounts paid (including administrative expenses) to accomplish charitable, etc, purposes
a Expenses, contributions, gifts, etc - total from Part I, column (d), line 26 1 a 2,022, 500.
b Program-related investments - total from Part IX-B . . . 1 b 0.
2 Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc, purposes 2 3 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) 3b
4 Qualifying distributions Add lines la through 3b Enter here and on Part V, line 8, and Part XIII, line 4 4 2 , 022 , 500. 5 Organizations that qualify under section 4940(e) for the reduced rate of tax on net investment income
Enter 11% of Part I, line 27b (see instructions) 5 0.
6 Adjusted qualifying distributions . Subtract line 5 from line 4 6 2 , 022 , 500.
Note : The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating wheth qualifies for the section 4940(e) reduction of tax in those years
er the foundation
BAA Form 990-PF (2005)
TEEA0307 11/07/05
Form 990-PF (2005) THE WILBUR AND HILDA GLENN FAMILY FOUNDATION 58-6328896 Page 8 Part XIII Undistributed Income ( see instructions)
1 Distributable amount for 2005 from Part XI, line 7
2 Undistributed income, if any, as of the end of 2004 a Enter amount for 2004 only
b Total for prior years 20_, 20 20 3 Excess distributions carryover, if any, to 2005
a From 2000 0.
b From 2001 0.
c From 2002 0.
d From 2003 0.
e From 2004 0.
f Total of lines 3a through e
4 Qualifying distributions for 2005 from Part XII, line 4 11 $ 2,022,500. a Applied to 2004, 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 2005 distributable amount e Remaining amount distributed out of corpus 5 Excess distributions carryover applied to 2005
(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' undistribut- ed 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 2004 Subtract line 4a from line 2a Taxable amount - see instructions
f Undistributed income for 2005 Subtract lines 4d and 5 from line 1 This amount must be distributed in 2006
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(E) or 4942(g)(3) (see instructions)
8 Excess distiibutions carryover from 2000 not applied on line 5 or line 7 (see instructions) 9 Excess distributions carryover to 2006.
Subtract lines 7 and 8 from line 6a 10 Analysis of line 9
a Excess from 2001 0.
b Excess from 2002 0.
c Excess from 2003 0.
d Excess from 2004 0.
e Excess from 2005 0.
BAA
Corpus
( b)
Years priorto 2004 2004
2.227.
0.
0.
0.
92,227.
0.
0. 0.
250d0
7,085,241.
1,930,273.
5, 154, 968.
Form 990-PF (2005)
TEEA0308 09/19/05
Form 990-PF (2005) THE WILBUR AND HILDA GLENN FAMILY FOUNDATION 58-6328896 9 Part XIV Private O p eratin g Foundations (see instructions and Part VII-A, q uestion 9 ) N/A
1 a If the foundation has received a ruling or determination letter that it is a private operating foundation, and the ruling is -effective for 2005, enter the date of the ruling
b Check box to indicate whether the organization is a private o ratin g foundation described in section 4942 3 or 7 4942 0)( 5 )
2a Enter the lesser of the adjusted net Tax y ear Prior 3 y ears
income from Part I or the minimum ( a) 2005 ( b) 2004 c 2003 ( d ) 2002 (e ) Total
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)(1)
b 'Endowment' alternative test - Enter 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(j)(3)(B)(iu)
(3) Largest amount of support from an exempt organization (4) Gross investment income
Part XV Supplementary Information (Complete this part only if the organization had $5,000 or more in assets at any time during the year.) 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) )
NONE
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:
Check here 11 X if the organization only makes contributions to preselected charitable organizations and does not accept unsolicited requests for funds If the organization 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
The Foundation does not accept unsolicited requests for funds.
b The form in which applications should be submitted and information and materials they should include n/a
c Any submission deadlines n/a
d Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other factors n/a
BAA TEea0309 09/19/05 Form 990-PF (2005)
Form 990-PF (2005) THE WILBUR AND HILDA GLENN FAMILY FOUNDATION 58-6328896 Page 10 Part XV Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Aooroved for Future Payment Recipient
If recipient is an individual,
show any relationship to Foundation Purpose of grant or
any foundation manager or status contribution Amount
Name and address (home or business) substantial contributor recipient a Paid during the year
Atlanta Historical Society Public To Fund a
Atlanta, GA Charity Historical Exhibit 50,000.
Georgia State University Public Collaborative
Research, Atlanta GA Charity Youth Program 50,000.
American Red Cross Public Hurricane Katrina
Atlanta, GA Charity Relief 100,000.
Children's Healthcare Public Capital
of Atlanta, Atlanta GA Charity Campaign 300,000.
Hands on Atlanta Public Building
Atlanta, GA Charity Maintenance 500,000.
Whitefoord Community Program Public To expand services and
Atlanta, GA Charity fund continuing operations 100,000.
Winship Cancer Institute Public Cancer Research
Emory Univ, Atlanta, GA Charity and Facility support 650,000.
The Trust for Public Land Public Georgia Operating
Atlanta,GA Charity Expenses 225,000.
See Line 3a statement 47, 500.
Total 3a 2, 022, 500.
b Approved for future payment
Total I' 3bi
BAA TEEA0310 09/19105 Form 990-PF (2005)
Form 990-PF (2005) THE WILBUR AND HILDA GLENN FAMILY FOUNDATION 58-6328896 Page 11 Part XVI - A Analysis of Income - Producing Activities
Enter
a b c d e f 9 2 3 4 5 a b 6 7 8 9 10 11 a b c d e 12 Subtotal
13 Total. Add line 12, columns (b), (d), and (e) 13 8,825,004.
(See worksheet in the instructions for line 13 to verify calculations )
Part XVI- B Relationship of Activities to the Accomplishment of Exempt Purposes
gross amounts unless otherwise indicated Unrelat ed business income Excluded by section 512, 513, or 514
rogram service revenue.
(a) Business
code
(b) Amount
(C) Exclu-
sion code
(d) Amount
(e) Related or exempt
function income see instructions
Fees and contracts from government agencies Membership dues and assessments
Interest on savings and temporary cash investments 5 2 3 0 0 0 444, 696. 14
Dividends and interest from securities 523000 1 329 593. 14
Net rental income or (loss) from real estate Debt-financed property
Not debt-financed property
Net rental income or (loss) from personal property Other investment income
Gain or (loss) from sales of assets other than inventory 523000 1, 328, 047. 18 Net income or (loss) from special events
Gross profit or (loss) from sales of inventory Other revenue
Partnershi p Distributions 523000 5,722,668. 14
-
Add columns (b), (d), and (e) 8,825 , 004. 1
BAA TEEA0501 09/19/05 Form 990-PF (2005)
Form 990-PF (2005) THE WILBUR AND HILDA GLENN FAMILY FOUNDATION 58-6328896 Page 12
Part XVII Information Regarding Transfers To and Transactions and Relationships With Noncharitable
Exempt Organizations
Yes No 1 Did the organization directly or indirectly engage in any of the following with any other organization
described in section 501(c) of the Code (other than section 501 (c)(3) organizations) or in section 527, relating to political organizations?
a Transfers from the reporting organization to a nonchantable exempt organization of
(1) Cash 1 a ( 1 ) X
(2) Other assets 1 a 2 X
b Other transactions
(1) Sales of assets to a nonchantable exempt organization 1 b(1) X
(2) Purchases of assets from a noncharitable exempt organization 1 b (2) X
(3) Rental of facilities, equipment, or other assets 1 b (3 ) X
(4) Reimbursement arrangements 1 b 4 X
(5) Loans or loan guarantees 1 b (5 ) X
(6) Performance of services or membership or fundraising solicitations 1 b (6) X
c Sharing of facilities, equipment, mailing lists, other assets, or paid employees 1 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 the goods, other assets, or services given by the reporting organization If the organization received less than fair market value i an y transaction or sharing arrangement, show in column ( d ) the value of the goods, other assets, or services received
of n (a) Line no (b) Amount Involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a Is the organization directly or indirectly affiliated with, or related to, one or more tax - exempt organizations
described in section 501(c) of the Code ( other than section 501 (c)(3)) or in section 527 Yes X] No h If 'Yes ' comnlete the followlna schedule
(a) Name of organization (b) Type of organization (c) Description of relationship
Under penalt ies of perjury, I declare that I have examined this return , includ i ng accompanym complete Declaration of preparer ( other than taxpayer or fiduciary ) is based on all i nformati
5 I $e
6 Signature of officer or trustee N
HR R E
Preparer's
Paid signature
P re- SHARON FISHER
parer 's Firm ' s name (or Valuation Econometrics LLC Use
emrloyed )If 51 Woodcrest Avenue
Only address, and
ZIP code Atlanta
BAA
TEEA0502
Schedule B (Form 990 , 990-EZ,
or 990•PF) Department of the Treasury Internal Rtvenue Serv i ce
Schedule of Contributors
Supplementary Information for line 1 of Form 990, 990-EZ and 99 0-PF (see inst
OMB No 1545-0047
2005
Name of organization Employer identification number
THE WILBUR A ND HILDA GLENN FAMILY FOUNDATION 58-6328896
Organization type (check one)*
Filers of: Section:
Form 990 or 990-EZ 501(c)( ) (enter number) organization
4947(a)(1) nonexempt charitable trust not treated as a private foundation 527 political organization
Form 990-PF X 501(c)(3) exempt private foundation
4947(a)(1) nonexempt charitable trust treated as a private foundation 501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule (Note : Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule - see instructions )
General Rule -
n 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 -
For a section 501(c)(3) organization filing Form 990, or Form 990-EZ, that met the 33.1/3% support test under Regulations sections 1 509(a)-3/1 170A-9(e) and received from any one contributor, during the year, a contribution of the greater of $5,000 or 2% of the amount on line 1 of these forms (Complete Parts I and II )
For 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, aggregate contributions or bequests of more than $1,000 for use exclusively for religious, charitable, scientific, literary, or educational purposes, or the prevention of cruelty to children or animals. (Complete Parts I, II, and III )
For 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 (If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc, purpose Do not complete any of the Parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc, contributions of $5,000 or more during the year) W. $
Caution : Organizations that are not covered by the General Rule and/or the Special Rules do not file Schedule B (Form 990, 990-EZ, or 990-PF) but they must check the box In the heading of their Form 990, Form 990-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-EZ, or 990-PF)
BAA For Paperwork Reduction Act Notice , see the Instructions Schedule B (Form 990, 990-EZ, or 990-PF) (2005) for Form 990, Form 990-EZ , and Form 990-PF.
TEEA0701 02/01/06
Schedule B (Form 990, 990-EZ, or 990-PF) (2005) Page 1 of 1 of Part I
Name of organization Employer identification number
THE WILBUR AND HILDA GLENN FAMILY FOUNDATION 58-6328896
Part I Contributors (See Specific Instructions )
(a) (b) (c) (d)
Number Name , address , and ZIP + 4 Aggregate Type of contribution
contributions
1 Wilbur Glenn Irrevocable Trust
--- Person
Payroll 1201 West- Peachtree-St.-NW Suite-5000_--- $__ 29L889L713_ Noncash X
(Complete Part II if there
Atlanta GA 30309
--- is a noncash contribution )
(a) (b) (c) (d)
Number Name , address , and ZIP + 4 Aggregate Type of contribution
contributions
--- Person
Payroll
$ Noncash
(Complete Part II if there
--- is a noncash contribution )
(a) (b) (c) (d)
Number Name , address , and ZIP + 4 Aggregate Type of contribution
contributions
--- Person
Payroll
$ Noncash
(Complete Part II if there
--- is a noncash contribution )
(a) (b) (c) (d)
Number Name , address , and ZIP + 4 Aggregate Type of contribution
contributions
--- Person
Payroll
$ Noncash
(Complete Part II if there is a noncash contribution )
(a) (b) (c) (d)
Number Name , address, and cir + 4 egregat^• -,-.-e TypeType of contribution
contributions
--- Person
Payroll
$ Noncash
(Complete Part II if there
--- is a noncash contribution )
(a) (b) (c) (d)
Number Name , address , and ZIP + 4 Aggregate Type of contribution
contributions
--- Person
Payroll
$ Noncash
(Complete Part ll if there is a noncash contribution )
BAA TEEAO7O2 08/08/05 Schedule B (Form 990 , 990-EZ, or 990-PF) (2005)
Form 2220
Department of the Treasury Internal R'evenue Service
Underpayment of Estimated Tax by Corporations
^ See separate instructions.
^ Attach to the cornoration ' s tax return.
OMB No 1545-0142
2005
Name Employer identification number
THE WILBUR AND HILDA GLENN FAMILY FOUNDATION 58-6328896
Note : Generally, the corporation is not required to file Form 2220 (see Part ll below for exceptions) because the IRS will figure any penalty owed and bill the corporation However, the corporation may still use Form 2220 to figure the penalty If so, enter the amount from page 2, lin e 34 on the estimated tax penalty line of the corporation's income tax return, but do not attach Form 2220
Part I I Re q uire d Annual Pa y ment
1 Total tax (see instructions) 1 115 , 988.
2a Personal holding company tax (Schedule PH (Form 1120), line 26) included
on line l 2a
b Look-back interest included on line 1 under section 460(b)(2) for completed long-term contracts or section 167(g) for depreciation under the income
forecast method 2b
c Credit for Federal tax paid on fuels (see instructions) 2c
d Total . Add lines 2a through 2c 2 d
3 Subtract line 2d from line 1 If the result is less than $500, do not complete or file this form.
The corporation does not owe the penalty 3 115 , 988.
4 Enter the tax shown on the corporation's 2004 income tax return (see instructions) Caution : l1 the taxis zero or the tax year was for less than 12 months, skip this line and enter the amount from
line 3 on line 5 4 80,551.
5 Required Annual Payment . Enter the smaller of line 3 or line 4 If the corporation is required to skip line 4,
enter the amount from line 3 5 80, 551.
Part II Reasons for Filing - Check the boxes below that apply If any boxes are checked, the corporation must file Form 2220, even if it does not owe a penalty (see instructions)
6 The corporation is using the adjusted seasonal installment method 7 X The corporation is using the annualized income installment method
8 The corporation is a 'lar g e cor p oration' figurin g its first re q uired installment based on the p rior y ear's tax Part III Figuring the Underpayment
(a) (b) (c) (d)
9 Installment due dates . Enter in columns (a) through (d) the 15th day of the 4th (Form 990 - PF filers: Use 5th month), 6th, 9th, and 12th months of the
corporation's tax year 9 05/15/05 06/15/05 09/15/05 12/15/05
10 Required installments . If the box on line 6 and/or line 7 above is checked, enter the amounts from Schedule A, line 38 If the box on line 8 (but not 6 or 7) is checked, see instructions for the amounts to enter.
If none of these boxes are checked, enter 25% of line -
5 above in each column 10 1,500. 700. 0 . 0.
11 Estimated tax paid or credited for each period (see instructions) For column (a) only, enter the amount
from line 11 on line 15 11 13, 894. 90,000.
Complete lines 12 through 18 of one column before going to the next column.
12 Enter amount, if any, from line 18 of the preceding column 12 12 394. 11 , 694. 11 , 694.
13 Add lines 11 and 12 13 12 , 394, 11 694. 1-0-1 , 694.
14 Add amounts on lines 16 and 17 of the preceding column 14 0. 0.
15 Subtract line 14 from line 13 If zero or less, enter - 0- 15 13 , 894 . 12 394. 11 , 694. 101 , 694. 16 If the amount on line 15 is zero , subtract line 13 from
line 14 Otherwise, enter -0 - 16 0. 0.
17 Underpayment. If line 15 is less than or equal to line 10, subtract line 15 from line 10 Then go to line 12 of the next column Otherwise, go to line 18 17 18 Overpayment. If line 10 is less than line 15, subtract
line 10 from line 15 Then go to line 12 of the
next column 18 12 , 394. 11, 694. 11 , 694.
Go to Part lV on page 2 to figure the penalty. Do not go to Part /V it there are no entries on line 17- no penalty is owed.
BAA For Paperwork Reduction Act Notice, see separate instructions. Form 2220 (2005)
CPCZ0312 01/13/06
Form 2220 (2C05) THE WILBUR AND HILDA GLENN FAMILY FOUNDATION 58-6328896 Page 2 Part ' IV Figuring the Penalty
19 Enter the date of payment or the 15th day of the 3rd month after the close of the tax year, whichever is earlier (see instructions) (Form 990-PFand Form 990-T /filers: Use 5th month instead of 3rd month ) 20 Number of days from due date of installment
on line 9 to the date shown on line 19 21 Number of days on line 20 after 4/15/2005 and
before 10/1/2005
22 Underpayment Number of days
on line 17 x on line 21 x 6%
365
23 Number of days on line 20 after 9/30/2005 and before 4/1/2006
24 Underpayment Number of days
on line 17 x on line 23 x 7%
365
25 Number of days on line 20 after 3/31/2006 and before 7/1/2006
26 Underpayment Number of days
on line 17 x on line 25 x *%
365
27 Number of days on line 20 after 6/30/2006 and before 10/1/2006
28 Underpayment Number of days
on line 17 x on line 27 x '%
365
29 Number of days on line 20 after 9/30/2006 and before 1/1/2007
30 Underpayment Number of days
on line 17 x on line 29 x '%
365
31 Number of days on line 20 after 12/31/2006 and before 2/16/2007
32 Underpayment Number of days
on line 17 x on line 31 x *%
365
33 Add lines 22, 24, 26, 28, 30, and 32
19 105 /15 /05 105/15/05 105/15/05 105/15/05 20
21
22
23
24
25
26
27
28
29
30
31
32
33
34 Penalty. Add columns (a) through (d) of line 33 Enter the total here and on Form 1120, line 33, Form 1120-A,
line 29, or the comparable line for other income tax returns 34
*For underpayments paid after March 31, 2006 : For lines 26, 28, 30, and 32, use the penalty interest rate for each calendar quarter, which the IRS will determine during the first month in the preceding quarter These rates are published quarterly in an IRS News Release and in a revenue ruling in the Internal Revenue Bulletin To obtain this information on the Internet, access the IRS website atwww . irs.gov . You can also call 1-800.829-4933 to get interest rate information
Form 2220 (2005)
CPCZ0312 01/13/06
Form 2220 (2005) THE WILBUR AND HILDA GLENN FAMILY FOUNDATION 58-6328896 Page 3 Schedule A. Adjusted Seasonal Installment Method and Annualized Income Installment Method (see instructions) Form 1120S filers: For lines 1, 2, 3, and 21 below, 'taxable income' refers to excess net passive income or the amount on which fax is
im osed under section 1374(a), whichever app lies
Part I Adjusted Seasonal Installment Method (Caution : Use this method only if the base Denod Aercentage for any 6 consecutive
months is at least 70 % See instructions) ( a ) ( b ) ( C ) ( d )
First 3 First 5 First 8 First 11
1 Enter taxable income for the months months months months
following periods
a Tax y ear be g innin g in 2002 1 a 0. 0. 3 , 000. 3 , 000.
b Tax y ear be g innin g in 2003 1 b 0. 0. 60 , 000 . 300 , 000.
c Tax y ear be g innin g in 2004 1 c 0 . 0. 60 , 000 . 300 , 000.
2 Enter taxable income for each period
for the tax y ear be g innin g in 2005 2
First 4 First 6 First 9
Entire year
3 Enter taxable income for the months months months
following periods
a Tax y ear be g inning in 2002 3 a b Tax y ear be g inning in 2003 3 b c Tax y ear beginning in 2004 3 c 4 Divide the amount in each column on
line 1a by the amount in column (d) on
line 3a 4
5 Divide the amount in each column on line lb by the amount in column (d) on
line 3b 5
6 Divide the amount in each column on line 1c by the amount in column (d) on
line 3c 6
7 Add lines 4 through 6 7
8 Divide line 7 b y 3 8
9 Divide line 2 b y line 8 9
10 Figure the tax on the amount on line 9 using the instructions for Form 1120, Schedule J, line 3 (or comparable line
of cor p oration ' s return ) 10 11a Divide the amount in columns ( a) through
(c) on line 3a by the amount in column
(d ) on line 3a 11 a
b Divide the amount in columns ( a) through (c) on line 3b by the amount in column
( d ) on line 3b 11b
c Divide the amount in columns ( a) through
(c) or. uii cv v'c b y theu,^^ w .. ^^nt.^.n. v„vluny
( d ) on line 3c 11C
12 Add lines 11 a throu g h 11 c 12
13 Divide line 12 b y 3 13
14 Multiply the amount in columns (a) through (c) of line 10 by columns (a) through (c) of line 13 In column (d), enter the amount from line 10,
column (d ) 14
15 Enter any alternative minimum tax for each payment
period ( see instructions 15
16 Enter any other taxes for each payment
p eriod ( see instructions 16
17 Add lines 14 throu g h 16 17
18 For each period , enter the same type of credits as allowed on Form 2220,
lines 1 and 2c (see instructions ) 18 19 Total tax after credits Subtract line 18
from line 17 If zero or less, enter -0- 19
BAA CPczo334 oarov05 Form 2220 (2005)
Form 2220 (2005) THE WILBUR AND HILDA GLENN FAMILY FOUNDATION 58-6328896 Page4
Part II Annualized Income
Installment Method (a) (b) (c) (d)
20 Annualization periods
(see instructions) 20 First 2 months First 3 months First 6 months First 9 months
21 Enter taxable income for each
annualization p eriod (see instructions ) 21 50
,
000. 55,000. 60,
000. 80,
000.22 Annualization amounts
see instructions 22 6.00000 4.00000 2.00000 1.33333
23 Annualized taxable income Multiply
line 21 b line 22 23 300 000. 220 000. 120 000. 106 666.
24 Figure the tax on the amount on line 23 using the instructions for Form 1120, Schedule J, line 3 (or comparable line of
cor p oration's return ) 24 6
,
000. 4,
400. 2,
400. 2,
133.25 Enter any alternative minimum tax for each payment
period (see instructions) 25
26 Enter any other taxes for each payment p eriod ( see instructions ) 26
27 Total tax Add lines 24 through 26 27 6 , 000. 4,400. 2 400. 2 , 133.
28 For each period, enter the same type of credits as allowed on Form 2220,
lines 1 and 2c ( see instructions ) 28 29 Total tax after credits Subtract line 28
from line 27 If zero or less, enter -0- 29 6
,
000. 4,
400. 2,
400. 2,
133.30 Applicable percentage 30 25% 50% 75% 100%
31 Multi p l y line 29 b y line 30 31 1 , 500. 2,200. 1 , 800. 2 , 133.
Part lii Required Installments
Note : Complete lines 32 through 38 of one 1st installment
2nd installment
3rd installment
4th installment column before completing the next column
32 If only Part I or Part II is completed, enter the amount in each column from line 19 or line 31 If both parts are completed, enter the smaller of the amounts in each column from line 19
or line 31 32 1 , 500. 2,200. 1 , 800. 2 , 133.
33 Add the amounts in all preceding
columns of line 38 ( see instructions ) 33 1,500. 2 , 200. 2 , 200.
34 Adjusted seasonal or annualized income installments . Subtract line 33 from
line 32 If zero or less, enter -0- 34 1 , 500. 700. 0. 0.
35 Enter 25% of line 5 on page 1 of Form 2220 in each column (Note : 'Large corporations,' see the instructions for
line 10 for the amounts to enter 35 20 , 138. 20, 138. 20 , 138. 20 , 137.
36 Subtract line 38 of the preceding column
from line 37 of the p recedin g column 36 18 , 638. 38 1 076. 58 , 214.
37 Add lines 35 and 36 37 20 , 138. 38 , 776. 58 , 214. 78 , 351.
38 Required installments . Enter the smaller of line 34 or line 37 here and on page 1 of Form 2220, line 10
( see instructions ) 38 1 , 500. 700. 0. 0.
Form 2220 (2005)
CPCZ0334 08101/05
THE WILBUR AND HILDA GLENN FAMILY FOUNDATION 58-6328896 Form 990-PF, Page 1, Part I, Line 11
Line 11 Stmt
Other income- Rev/Exp Book Net Inv Inc Add Net Inc
Partnership Distributions 5f72 2, 668.
Partnership Taxable Income 3,163,031.
Total 5,722,668. 3,163,031.
Form 990-PF, Page 1, Part I, Line 18 Line 18 Stmt
Taxes ( see instructions ) Rev/Exp Book Net Inv Inc Add Net Inc Charity Disb
Federal Excise Tax 180,000.
Foreign Tax 8,004. 8,004.
Total 188, 004. 8, 004 .
Form 990-PF, Page 6, Part VIII, Compensation Part Vlll , Line 1 Stmt
(a) (b) (c)
Name and address Title, and Compensation average hours ( If not paid,
per week enter -0-) devoted to
position
Louisa_GlennD ' Antignac_ Trustee
Atlanta 15 3,755.
Rand Glenn Hagen _ _ _ _ _ Trustee
New York 0 0. 0.
Total
3,755. 0.
Form 990-PF, Page 10, Part XV, line 3a Line 3a statement
Recipient Name and address (home or business)
If recipient is an individual, show any relationship to any foundation
manager or substantial contributor a Paid during the year
--- Children's_Literatu r e _ _ for Children, Atlanta GA ---
Council -for-Spiritu a l_
and Ethical Education
Foun- dation status of re- cipient
Public Charity
Public Charity
Purpose of grant or contribution
--- General Fund _ _
--- General Fund _ _
(d) Contributions
to employee benefit plans and deferred compensation
0.
(e) Expense account, other
allowances
0. 0.
0.
Amount
5, 000.
10,000.
THE WILBUR AND HILDA GLENN FAMILY FOUNDATION 58-6328896 2
Form 990-PF, Page 10, Part XV, line 3a Continued
Lirie 3a statement
Recipient If recipient is Foun- Purpose of Amount
an individual, dation grant or contribution Name and address show any status
(home or business) relationship to of re- any foundation cipient
manager or substantial contributor a Paid during the year
--- --- --- ---
Soehia_Academy _ ______ _ _
General-
Fund--
650 Mt. Vernon Hwy, Atlanta, GA Charity 10,000.
--- --- --- ---
The Schenck School
--- --- ---Public ---General Fund
Atlanta, GA Charity 5,000.
--- --- --- ---
Councilon-Foundati o ns _ _ Operatin_g ___-
Charity Fund - -. 17,500.
Total 47,500.
Form 990-PF, Page 1, Part I, Line 16c
L-16c Stmt
Line 16c - Other Professional
Fees:
Name of Provider Type of Service Provided Amount Paid
Ballamor Capital Management Asset Management Fees 254,053.
Separate Account Managers Asset Management Fees 200,132.
.
Total 454_,185
Form 990-PF, Page 2, Part II, Line 1Oa L-1 Oa Stmt
End of Year
Line 10a - Investments - Book Fair Market
US and State Government Obligations : Value Value
Wilmington Trust 7,186,494. 7,164,582.
Total 7, 186, 494. 7,164,582.
THE WILBUR AND HILDA GLENN FAMILY FOUNDATION 58-6328896 Form 990-PF, Page 2, Part II, Line 10b
L-10b Stmt
3
End of Year
Line 10b - Investments - Corporate Stock: Book I Fair Market
Value Value
Clover Cap ital 4, 528,552. 5, 575,174.
Eubel Brad y & Suttman 4, 967,692. 5, 054,499.
Fred Alger Mid Cap 4, 525,631. 5, 149,940.
Private Ca pital 4, 448,421. 5, 066,296.
Total 18,470,296. 20,845,909.
Form 990-PF, Page 2, Part II, Line 13 L-13 Stmt
Line 13 - Investments - Other:
Artisan International Growth Fund Marisco Growth Fund
Matthews Int'l Asian Growth & Income Fund
Turner Micro-Cap Fund
Real Estate Funds:
GF Capital Norfolk, LLC
GF Capital Real Estate Development Fund
LEM Real Estate Mezzanine Fund
Metro Development Real Estate Fund, LP
PPH Investments LLC
Private Income Investments:
LBC Credit Partners, LP
FBCP I, LP
HWC Investors, LLC
Mercantile Refinance, LP
Hedge Funds:
HDN Offshore LTD
Weston-Atlas Partners Fund
Kettle H i ll Offshore LTD
Portolan Pilot Offshore Fund LTD
Sciens International Fund
Voyager Advantage Master Fund LTD
Wimbledon Opportunistic Fund LP
End of Year
Book Fair Market
Value Value
4,788,144. 4,412,463. 5,217,464. 6,224,499. 0. 742, 611. 2,842,057. 5,570,000. 3,498,133. 7,500,000. 0. 75,000. 9,567,400. 9,268,061. 3,500,000. 0. 12,005,666. 4,500,000. 2,500,000. 2,500,000. 2,500 000. 2,500,000. 7,500,000.
5,769,382. 5,490,094. 5, 666,664. 8,172,412. 0. 742, 611. 2,842,057. 5,570,000. 3,498,133. 7,500,000. 0. 75, 000. 9, 567, 400. 10, 119, 225. 3, 500,000. 0. 14, 112,249. 4, 552, 768. 2, 768, 058. 2, 923, 155. 2, 684, 750. 2, 716, 524. 7, 711, 966.
Total 97,211 ,498. 105,982,448.
THE WILBUR AND HILDA GLENN FAMILY FOUNDATION 58-6328896 4
Supporting Statement of:
Form 990-PF, p3/Part V, Line 1(b)-3
Description Amount
Glenn Family Foundation #58-6328896 2,600.
Wilbur Glenn Mem Foundation (1/2) #58-6026020 720,966.
Total 723, 566.
Supporting Statement of:
Form 990-PF, p3/Part V, Line 1(c)-3
Description Amount
Glenn Family Foundation 426,440.
Wilbur Glenn Memorial Foundation 13,680,452.
Total 14,106,892.
5
471 I
OMB No 1545-0704Form
Information Return of U.S. Persons With
AttachmentRespect To Certain Foreign Corporations
Sequence No Dup121 In Dup licate F i le
(Rev December 2005) 10- See separate instructions.
(see When and Department of the Treasury I Information furnished for the foreign corporation's annual accounting period (tax year required by Where To File in Internal Revenue Service section 898) (see instructions) beginning 3/15 , 20 05 , and ending 12/31 , 20 05 the instructions)
Name of person filing this return A Identifying number
The Wilbur and Hilda Glenn Family Foundation 58-6328896
Number, street, and room or suite no (or P 0 box number if mail is not delivered to street address) B Category of filer (See instructions Check applicable box(es))
1201 West Peachtree Street , Suite 5000 1 (repealed) 2 ❑ 3 0 4E] 5 91
City or town, state, and ZIP code C Enter the total percentage of the foreign corporation's voting stock
Atlanta, GA 30309 you owned at the end of its annual accounting period --.-... 16-%
Filer's tax year beginning , 20 , and ending , 20
D Person (s) on whose behalf this information return is filed
1 2 Add 3 Id tf mb (4)
Check applicable box(es)
( ) Name ( ) ress ( ) eniying nu er
Shareholder Officer Director
The tax p a y er see above 58-6328896 ✓
Important : Fill In all applicable lines and schedules. All information must be in English. All amounts must be stated In U.S. dollars unless otherwise indicated.
1a Name and address of foreign corporation b Employer identification number, if any
KETTLE HILL OFFSHORE , LTD C / O OGIER FIDUCIARY SERVICES ( CAYMAN) LTD
QUEENSGATE HOUSE SOUTH CHURCH STREET PO BOX 1234 GT c Country under whose laws incorporated
GRAND CAYMAN , CAYMAN ISLANDS BRITISH WEST INDIES CAYMAN ISLANDS
I I
a Principal place of business f Principal business activity g Principal business activity h Functional currency d Date of incorporation
code number
MARCH 15, 2005 I CAYMAN ISLANDS 1 523900 1 PORTFOLIO MGMT US DOLLAR
2 Provide the following information for the foreign corporation's accounting p eriod stated above a Name, address, and identifying number of branch office or agent (if any) in
the United States
b If a U S income tax return was filed, enter
() Taxable income or (loss) I (i) U S income tax paid (after all credits)
c Name and address of foreign corporation's statutory or resident agent in d Name and address (including corporate department, if applicable) of
country of incorporation person (or persons) with custody of the books and records of the foreign
corporation, and the location of such books and records, if different
.- T mrT\ Stock of the Foreign Corporation
(b) Number of shares issued and outstanding
(a) Description of each class of stock )gag„-, ;,;,g of ann ual
accounting period
1700Eno of annual
accounting penod
COMMON 0 160,250
For Paperwork Reduction Act Notice, see instructions . Cat No 49958V Form 5471 (Rev 12-2005)
