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C'V
0
LU
B
Return
ofPrivate
Foundation
OMB
No
1545-0052
Form
990-PF
or
Section
4947
(a)(1)
Nonexempt
Charitable
Trust
2
00
6
epartment
of
the
Treasury
Treated
as
a
Private
Foundation
Internal
Revenue
Serv
ice
Note
:
The
foundation
may
be
able
to
use
a
copy
of
this
return
tosatisfy
state
reporting
requirements.
For
calendaryear
2005
,
or
tax
year
beginning
r
,
and
ending
r6....L
nn
film+.
,
-
h,1
i
In,f,el
_t_
I
Cmsl
rufi,
rn
II
Amondarf
return
I1
ArfrlrocQ
channe
n
ame
chancre
Use
theIRS
Name
of
foundation
A
Employer
Identification
number
label.
Otherwise
,
C
ARL
&
RUTHSHAPIROFAMILYFOUNDATION04-6135027
print
Number
and
street
(
or
P
O
box
number
If
mail
is
not
delivered
to
street
address
)
Room/sulte
B
Telephone
number
or
type
.
399
BOYLSTONSTREET617-778-7999
See
SpecificInstructions
City
or
town,
state
,
and
ZIP
code
C
If
exemption
application
Is
pending
,
check
here
.
OSTON
MA
02116
D
1.
Foreignorganizations
,
check
here
HCheck
type
of
organization
X
Section
501
(
c
)(
3
)
exem
p
t
p
rivate
foundation
2.
Foreignorganizations
meeting
the
85%
test,
^
a
check
here
and
attach
computation
0
ection
4947(
a)(1)
nonexempt
charitable
trust
0
thertaxable
private
foundation
E
If
private
foundation
status
was
terminated
I
Fair
market
value
of
all
assets
at
end
of
year
J
Accounting
method
M
ash
0
ccrual
under
section
507
(b)(1)(A),
check
here
^
0
(fromPart
ll,
co!.
(c),
line
16
)
0
ther
(specify)
F
If
thefoundation
isin
a
60-month
termination
^
$
254113534
.
(Part
1,
column
(d)
must
be
on
cash
basis.)
under
section
507
(
b
)(
1
)
B
),
check
here
^
Paft
1
Analysis
of
Revenue
andExpenses
(rhe
total
of
amounts
in
columns
(b),(c),
and
(
d)
may
not
(
a)
Revenue
andenses
per
books
x
(b)
Net
investment
income
(
c)
Adjusted
net
income
(d)
Disbursements
for
charitable
purposes
necessarily
equalthe
amounts
in
column
(
a))
p
(cash
basis
only)
gifts,
grants
,
etc
,
received
Contnbutlons
34968249
.
N
/
A
,
2Check
if
the
foundation
Is
not
requm:
dto
attach
SchB
3
Int
ere
st
invesstmennts
avings
andtemporary
2123089.
2123089.
S
tatement
1
4Dividends
and
interest
from
securities
6158625
.
6158625.
S
tatement
2
5a
Gross
rents
bNet
rental
income
or
(loss)
6a
Net
painor
(loss)
from
sale
of
assets
not
on
line
10
51597039
Gross
sales
puce
for
all
284987192.
t
l
6
y
s
on
ine
a
sse
7
Capital
gain
net
income
(
from
Part
IV,
line
2
)
51597039.
8
Netshort
-
term
capital
gain
9
Income
modifications
Gross
sales
less
returns
10a
and
allowances
t)
LessCost
of
goods
sold
c
Gross
profit
or
(loss)
11Other
Income
12
Total
.
Add
lines
1throu
g
h
11
94847002.
59878751/
13
Compensation
ofofficers
,
directors
,
trustees
,
etc
7
524
8.0.
7
524
8.
14
Other
employee
salaries
and
wages
43048.
0
.
43048.
employee
benefits
5
Pension
plans
15085
.
0
.
15085
.
,
16a
Legalfees
Stmt
3
34089.17044.17045.
C
b
Accounting
fees
Stmt
4
11000.
11000.
0
.
W
c
Other
professional
fees
S
tmt
5
16871.
0.
16871
.
17
Interest
18
Taxes
_
Stmt
6
659151.
0.
11247.
19
Depreciation
and
depletion
355.
0.
E
20Occupancy
37950.
0.
37950.
4
andmeetings
onferences1
Travel
1769.
0
.
1769.
c
,,
22
Punting
and
publications
0
23
Other
expenses
Stmt
7
14777.
0
.
14
717
.
24
Total
operating
and
administrative
a
expenses
.
Add
lines
13
through
23
9
0
9
34
3.
2
80
4
4.
2
32
98
0.
8
0
gifts,
grantspaid
5
Contributions
10159785.
5.
01597
,
26
Total
expenses
anddisbursements.
Add
lines
24and25
11069128.28044.10392765.
27
Subtract
line
26from
line
12.
a
Excess
of
revenueover
expenses
and
disbursements
83777874.
b
NetInvestment
income
of
negative,enter
-0
-)
59850709.
c
Adjusted
net
Income
of
negative
,
enter
-0.)
N/A
LHA
ForPrivacy
Act
and
Paperwork
Reduction
Act
Notice,
see
the
instructions.
623501
01-29-07
Form
990-PF
(2006)
1
12300507
788779
fnd
2006.05000CARL
&
RUTH
SHAPIRO
FAMILY
FND
1
c
Form
990-PF(2006
)
CARL
&
RUTHSHAPIRO
FAM
ILY
FOUNDATIO
N
04-6135027
Page2
"dac1edsc11ed
''
es
andan
'°"
nts
In
the
°
pton
l
Sh
t
Beginning
of
year
End
of
year
r
.t
a
ance
ee
s
columnshould
be
for
end•of-yearamounfsonly
M
a)
Book
Value
(
b)
Book
Value
(e)
Fair
arket
Value
1
Cash
-
non-
Interest-beanng
1130.
88046.88046.
2Savings
andtemporary
cashinvestments
31488270.
49447453.
49447453.
3
Accounts
receivable
^
Less
-
allowance
for
doubtful
accounts
^
4
Pledges
receivable
^
Less
allowance
for
doubtful
accounts
^
5Grants
receivable
6
Rece
i
vables
duefrom
officers,
directors,trustees
,
and
other
disqualified
persons
7
Othernotes
and
loans
receivable
^
Less'
allowance
for
doubtful
accounts
^
8
Inventories
for
sale
or
use
9
Prepaid
expensesand
deferred
charges
11800.
2950.
2950.
10a
Investments
-
USand
state
government
obligations
Stmt
8
121964637.
203354089.
204493586.
b
Investments
-
corporatestock
Stmt
9
15730680.
0.
0.
c
Investments
-
corporate
bonds
11
Investments
-
land
buildings
,
andequipment
basis
^
Less
accumulated
depreradon
^
12
Investments
-
mortgage
loans
13
Investments
-
other
14Land
,
buildings
,
andequipment
basis
^
96036.
:
IessaccumuWtWdeprxaton
Stmt95337.
624.
699.699.
15
Otherassets
(
describe
01
Statement
11
)
0.
80800.
80800.
16
Totalassets
to
be
com
p
leted
b
all
filers
16
919
7141.
252974037.
254113534.
17
Accounts
payable
and
accrued
expenses
18
Grantspayable
in
19
Deferred
revenue
20
Loans
from
officers
,
directors
,
trustees
,
and
other
disqualified
persons
2
21
Mortgagesand
othernotes
payable
J
22
Other
liabilities
(
describe
^
Statement
12)
978.
0.
23
Total
liabilities
(
add
lines
17throu
g
h
22
)
978.
0.
Foundations
that
follow
SFAS
117,
check
here
^
0
andcomplete
lines
24
through
26and
lines
30
and
31.
24
Unrestricted
m
25
Temporarily
restnctedco
26
Permanently
restricted
Foundations
that
do
notfollow
SFAS
117
,
check
here
^
0
r`
andcomplete
lines
27
through31.
°
27
Capital
stock
,
trustprincipal
,
or
current
funds
29046392.29046392.
28
Paid-inor
capital
surplus
,
orland
,
bldg
,
andequipment
fund
0.
0.
29
Retainedearnings
,
accumulated
income
,
endowment,
or
other
funds
140149771.
2
23927
6
45
.
Z
30
Totalnet
assets
or
fund
balances
...
169196163.
2
5
29
7
40
3
7
.
31Total
liabilities
and
net
assets
and
balances
16
919
7141.
25297403
7
.
p
.
Analysis
of
Changes
in
NetAssets
or
Fund
Balances
1
Totalnet
assets
or
fundbalances
at
beginning
of
year
-
Part
II,
column
(a),
line
30(must
agree
with
end-of-year
figure
reported
onpnoryear's
return)
2Enter
amount
from
Part
I,
line
27a
-
^
Other
increases
not
included
in
line
2(itemize)
4
Add
lines
1,
2,
and
3
5
Decreases
notincluded
in
line
2
(itemize)
^
6
Totalnet
assets
or
fu
nd
balances
at
end
of
year
(line
4
minus
line
5)
-
Part
II,
column
(b),
line
30
1
169196163.
2
83777874.
131
0.
141
252974037.
0.
252974037.
Form
990-PF
(2006)
623511
01-29-07
2
12300507
788779fnd
2006.05000CARL
&
RUTHSHAPIROFAMILY
FND
1
Form
990-PF
(2006)
CARL
&
RUTHSHAPIRO
FAMILY
FOUNDATION
04-6135027
Pa
g
e
3
P
t
lV
CaDital
Gains
and
Losses
for
Tax
on
Investment
Income
(a)
List
and
describe
thekind(s)
of
property
sold
(e
g
,
real
estate
,
2-story
brick
warehouse
;
or
common
stock
,
200
shs
.
MLC
Co)
(
b
How
acquired
-
Purchase
D
-
Donation
(
c
Date
acquired
(mo
,
day,
yr)
(
d)
Datesold
(mo
,
day,
yr
)
1a
b
See
Attached
Statements
c
d
e
(e)
Gross
sales
price
(t)
Depreciation
allowed
(or
allowable
)(
g)
Cost
orotherbasisplus
expense
of
sale
(
h)
Gain
or
(loss)
(e)
plus
(
f)
minus
(g)
a
b
c
d
e
284987192.233390153.51597039.
Complete
only
for
assets
showing
gain
in
column
(h)
and
owned
by
the
foundation
on
12/31/69
(I)
Gains
(Col
(h)
gain
minus
(I)
F
M
V
as
of
12
/
31/69
(1)
Adjusted
basis
as
of
12
/
31/69
(
k)
Excess
of
col
(i)
over
col
.
(
1),
if
any
c
ol(k),
bu
t
(f
r
om
e
coh
t
han
-0-)
or
a
b
c
d
e
51597039.
2
Capital
gain
net
income
or
(
net
capital
loss)
^
If
gain,)
also
enter
in
Part
I
,
line
7
1
line
7
nter
-0-
in
Part
I
f
?loss)
2
51597039.
3
,
Netshort-term
capital
gainor
(
loss)
asdefined
in
sections
1222
(
5)
and
(6)
If
gain,
also
enter
in
Part
I,
line8,
column
(c)
If
(loss
),
enter
-0-
in
Part
I,
line
8
3
N/A
I
part
v
_1
(
uualltlcatlon
Under
section
494U(e)
Tor
Reduced
I
ax
on
NetInvestment
Income
(Foroptional
use
bydomestic
private
foundations
subject
to
thesection
4940(a)
tax
on
net
investment
income
)If
section
4940(d)(2)
applies,leave
this
part
blank.
Was
the
foundation
liable
for
the
section
4942
tax
on
the
distributable
amount
of
any
year
in
the
base
period?
Yes
^X
No
It
Yes,"the
foundation
does
not
qualify
under
section
4940
(
e)
Do
not
complete
thispart
1
Enter
the
aooroonate
amount
in
each
column
for
each
year
:
see
instructions
before
makina
any
entries
Base
priod
years
Calendar
yearor
tax
y
earbeg
innin
g
(
b)
Adjusted
qualifyingdistributions
(c)
Net
value
of
nonchantable
-
use
assetson
ratio
istribution(col
(b)
drvided
by
col
(c))
2005
6706051.
170221426.
.039396
2004
3345224.
155208719.
.021553
2003
6809240.
148563393.
.045834
2002
7700592.
139233371.
.055307
2001
7929251.
133023383.
.059608
2
Total
of
line
1
,
column
(d)
2
.221698
3Average
distribution
ratio
for
the
5-year
base
period
-
divide
the
total
on
line
2
by
5
,
the
foundationhas
been
in
existence
if
less
than5years
or
by
the
number
of
years3
.
044
3
40
4
Enterthe
net
value
of
nonchantable
-
use
assets
for
2006
from
Part
X,
line
5
.....
4
212735342.
5
Multiply
line
4
by
line
3
.
5
9432685.
6
Enter
1
%
of
net
investment
income
(I%
of
Part
I,
line
27b)
6
59850
7
.
7
Addlines5and6
..
7
10031192.
8
Enter
qualifyingdistributions
from
Part
XII
,
line
4
8
10392765.
If
line
8
is
equal
to
orgreater
than
line
7,
check
the
box
in
Part
VI,
line
1
b,
and
complete
that
part
using
a
1
%
tax
rate
See
the
Part
VI
instructions
623521/01-29-07
Form
990-PF
(2006)
3
12300507788779
fnd
2006.05000CARL
&
RUTHSHAPIRO
FAMILYFND
1
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