2006 Carl & Ruth Shapiro Family Foundation 990 (Includes Madoff Investments)

s'
Form 990-PF Return of Private Foundation OMB No 1545-0052
or Section 4947 (a)(1) Nonexempt Charitable Trust

Department of the Treasury
Internal Revenue Service
Treated as a Private Foundation
Note : The foundation may be able to use a copy of this return to satisfy state reporting requirements.
2 00 6
For calendar year 2005 , or tax year beginning r , and ending
r6....L nn film+.,
- nh, 1 i In,f, el _t_ I Cmsl rufi, rn I I Amondarf return I 1 ArfrlrocQ channe n Name chancre
Name of foundation A Employer Identification number

Use the IRS
label.
Otherwise , C ARL & RUTH SHAPIRO FAMILY FOUNDATION 04-6135027
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 BOYLSTON STREET 617-778-7999
See Specific
City or town, state , and ZIP code C If exemption application Is pending , check here
Instructions .
OSTON MA 02116 D 1. Foreign organizations , check here
2. Foreign organizations meeting the 85% test, ^ a
H Check type of organization X Section 501 (c)( 3 ) exem pt p rivate foundation check here and attach computation
0 Section 4947( a)(1) nonexempt charitable trust 0 Other taxable private foundation E If private foundation status was terminated
I Fair market value of all assets at end of year J Accounting method M Cash 0 Accrual under section 507 (b)(1)(A), check here ^0
(from Part ll, co!. (c), line 16) 0 Other (specify) F If the foundation is in 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 and Expenses ( a) Revenue and (b) Net investment ( c) Adjusted net (d) Disbursements
(rhe total of amounts in columns (b), (c), and (d) may not for charitable purposes
necessarily equal the amounts in column (a)) ex p enses per books income income (cash basis only)
1 Contnbutlons , gifts, grants , etc , received 34968249 . N/A

2 Check if the foundation Is not requm:dto attach Sch B
3 Interest savings and temporary
invesstmennts 2123089. 2123089. S tatement 1
4 Dividends and interest from securities 6158625 . 6158625. S tatement 2
5a Gross rents
b Net rental income or (loss)
6a Net pain or (loss) from sale of assets not on line 10 51597039 .

Gross sales puce for all
b asse t s on l ine 6 a 284987192.
y 7 Capital gain net income (from Part IV, line 2) 51597039.
8 Net short-term capital gain
9 Income modifications
Gross sales less returns
10a and allowances
t) Less Cost of goods sold
c Gross profit or (loss)

11 Other Income
12 Total . Add lines 1throu g h 11 94847002. 59878751/
7 5 2 4 8. 0. 7 5 2 4 8.
13 Compensation of officers , directors , trustees , etc
14 Other employee salaries and wages 43048. 0. 43048.

15 Pension plans , employee benefits 15085 . 0. 15085 .
16a Legal fees 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 20 Occupancy 37950. 0. 37950.
4 21 Travel , conferences , and meetings 1769. 0. 1769.
c 22 Punting and publications
C'V
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 9 8 0.
0 25 Contributions , gifts, grants paid 10159785. 101597 8 5.
26 Total expenses and disbursements.
Add lines 24 and 25 11069128. 28044. 10392765.
0
LU 27 Subtract line 26 from line 12.
a Excess of revenue over expenses and disbursements 83777874.
b Net Investment income of negative, enter -) 59850709.
-0
c Adjusted net Income of negative, enter -0.) N/A
B LHA For Privacy Act and Paperwork Reduction Act Notice, see the instructions. Form 990-PF (2006)
623501
01-29-07
1
12300507 788779 fnd 2006.05000 CARL & RUTH SHAPIRO FAMILY FND 1
c
Form 990-PF( 2006) CARL & RUTH SHAPIRO FAM ILY FOUNDATIO N 04-6135027 Page2
Beginning of year
'' esforandan'°" nts In the ° pton End of year
r .t " dac1edsc11ed
B a l ance Sh ee t s column should be end•of-yearamounfsonly ( a) Book Value ( b) Book Value (e) Fair M arket Value
1 Cash - non-Interest-beanng 1130. 88046. 88046.
2 Savings and temporary cash investments 31488270. 49447453. 49447453.
3 Accounts receivable ^
Less - allowance for doubtful accounts ^
4 Pledges receivable ^
Less allowance for doubtful accounts ^
5 Grants receivable
6 Rece ivables due from officers, directors, trustees , and other
disqualified persons
7 Other notes and loans receivable ^
Less' allowance for doubtful accounts ^

8 Inventories for sale or use
9 Prepaid expenses and deferred charges 11800. 2950. 2950.
10a Investments - U S and state government obligations Stmt 8 121964637. 203354089. 204493586.
b Investments - corporate stock Stmt 9 15730680. 0. 0.
c Investments - corporate bonds
11 Investments - land buildings , and equipment basis ^
Less accumulated depre radon ^
12 Investments - mortgage loans

13 Investments - other
14 Land , buildings , and equipment basis ^ 96036. :
IessaccumuWtWdeprxaton Stmt 95337. 624. 699. 699.
15 Other assets (describe 01 Statement 11 ) 0. 80800. 80800.
16 Total assets to be com pleted b all filers 16 919 7141. 252974037. 254113534.
17 Accounts payable and accrued expenses
18 Grants payable
in 19 Deferred revenue
20 Loans from officers , directors , trustees , and other disqualified persons
2 21 Mortgages and other notes payable
J 22 Other liabilities (describe ^ Statement 12) 978. 0.
23 Total liabilities (add lines 17 throu g h 22 ) 978. 0.

Foundations that follow SFAS 117, check here ^ 0
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted
m 25 Temporarily restncted
co 26 Permanently restricted
Foundations that do not follow SFAS 117 , check here ^ 0
r` and complete lines 27 through 31.
° 27 Capital stock , trust principal , or current funds 29046392. 29046392.
28 Paid-in or capital surplus , or land , bldg , and equipment fund 0. 0.
29 Retained earnings , accumulated income , endowment, or other funds 140149771. 22 392 7645 .
Z 30 Total net assets or fund balances . . . 169196163. 252974037 .
31 Total liabilities and net assets and balances 16 919 7141. 252974037 .
p . 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 pnoryear's return) 1 169196163.
2 Enter amount from Part I, line 27a - 2 83777874.
3 Other increases not included in line 2 (itemize) ^ 131 0.
4 Add lines 1, 2, and 3 141 252974037.
5 Decreases not included in line 2 (itemize) ^ 0.
6 Total net assets or fu nd balances at end of year (line 4 minus line 5) - Part II, column (b), line 30 252974037.
Form 990-PF (2006)
623511
01-29-07
2
Form 990-PF (2006) CARL & RUTH SHAPIRO FAMILY FOUNDATION 04-6135027 Pa g e 3
P t lV CaDital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e g , real estate , ( b How acquired ( c Date acquired ( d) Date sold
2-story brick warehouse ; or common stock , 200 shs . MLC Co) - Purchase (mo , day, yr) (mo , day, yr )
D - Donation
1a
b See Attached Statements
c
d
e
(e) Gross sales price ( t) Depreciation allowed (g) Cost or other basis (h) Gain or (loss)
(or allowable ) plus expense of sale (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
( k) Excess of col (i) c ol bu t than -0-) or
(1) Adjusted basis
(I) F M V as of 12/31/69 as of 12/31/69 over col . (1), if any
(k), le coh
(f rom
a
b
c
d
e 51597039.
^ If gain,)also enter in Part I , line 7 1 51597039.
2 Capital gain net income or ( net capital loss) If ?loss) , enter -0- in Part I , line 7 2
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)
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 Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income )
If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes ^X No
It Yes," the foundation does not qualify under section 4940 (e) Do not complete this part
1 Enter the aooroonate amount in each column for each year : see instructions before makina any entries
Base priod
e years ( b) (c) on ratio
Distribution
Calendar year or tax year be g innin g Adjusted qualifying distributions Net value of nonchantable -use assets (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

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 . 044340
4 Enter the 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 598507 .
7 Addlines5and6 .. 7 10031192.
8 Enter qualifying distributions from Part XII , line 4 8 10392765.

If line 8 is equal to or greater 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
11
Form 990-PF(2006) CARL & RUTH SHAPIRO FAMILY FOUNDATION 04-6135027 Page 4
art Vt 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 ^ 0 and enter "N/A" on line 1
Date of ruling 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 ^ [X and enter 1 % 1 598507 .
of Part I, line 27b
c All other domestic foundations enter 2% of line 27b Exempt foreign organizations enter 4% of Part I, line 12, col (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0.
3 Add lines 1 and 2 3 598507.
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 598507 .
6 Credits/Payments.
a 2006 estimated tax payments and 2005 overpayment credited to 2006 6a 602000 .
b Exempt foreign organizations - tax withheld at source 6b
c Tax paid with application for extension of time to file (Form 8868) 6c
d Backup withholding erroneously withheld 6d
7 Total credits and payments. Add lines 6a through 6d . 7 602000 .
8 Enter any penalty for underpayment of estimated tax Check here EX if Form 2220 is attached 8 1275.
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 2218 .
11 Enter the amount of line 10 to be Credited to 2007 estimated tax ^ 2 2 18 .Refunded ^ 11 0.
31avt V11-A, Statements Regarding Activities
1 a During the tax year, did the foundation attempt to influence any national , state, or local legislation or did it participate or intervene in Yes No
any political campaigns la X
b Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see instructions for definition)? 1b X
If the answer is "Yes" to la or 1 b, attach a detailed description of the activities and copies of any materials published or
distributed by the foundation in connection with the activities.
c Did the foundation file Form 1120 -POL for this year? 1c X
d Enter the amount (it any) of tax on political expenditures (section 4955) imposed during the year.
(1) On the foundation ^ $ 0. (2) On foundation managers. ^ $ 0.
e Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed on foundation
managers ^ $ 0.
2 Has the foundation 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 foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or
bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes 3 X
4a Did the foundation have unrelated business gross income of $1,000 or more during the year? 4a X
b If'Yes * has it filed a tax return on Form 990 -T for this year? .. N/A 4b
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 effectively amends the governing instrument so that no mandatory directions that conflict with the state law
remain in the governing instrument? 6 X
7 Did the foundation have at least $5,000 in assets at any time during the year? 7 X
If "Yes, " complete Part ll, col. (c), and Part XV.
8a Enter the states to which the foundation reports or with which it is registered (see instructions) ^
MA
b If the answer is 'Yes' to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate)
of each state as required by General Instruction G? If "No, " attach explanation 8b X
9 Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar
year 2006 or the taxable year beginning in 2006 (see instructions for Part XIV)? If "Yes," complete Part XIV . 9 X
0 Did any Dersons become substantial contributors dunna the tax year? it -v..' attach a schedule listina their names and addresses 10 X
Form 990-PF (2006)
623531
01-29-07
4
11
Form 490-PF ( 2006) CARL & RUTH SHAPIRO FAMILY FOUNDATION 04-6135027 Page5
# VII-A-1 Statements Regarding Activities Continued
11a At any time during the year , did the foundation , directly or indirectly , own a controlled entity within the meaning of section 512 (b)(13)'
If 'Yes' attach schedule . (see instructions ) ... 11a X
b If 'Yes , did the foundation have a binding written contract in effect on August 17, 2006, covering the interest, rents, royalties, and
annuities described in the attachment for line 11 a ? . .. N/A 11b
12 Did the foundation acquire a direct or indirect interest in any applicable insurance contracts .. . 12 X
13 Did the foundation comply with the public inspection requirements for its annual returns and exemption application? 13 X
Web site address ^ N/A
14 The books are m care of ^ WELLESLEY CAPITAL MANAGEMENT, INC. Telephone no ^ 7 81-2 35-610 7
Locatedat ^ ONE WASHINGTON ST. SUITE 202, WELLESLEY, MA. ZIP+4 ^ 02481
15 Section 4947( a)(1) nonexempt charitable trusts filing Form 990- PF in lieu of Form 1041 - Check here ^0
and enter the amount of tax-exem pt interest received or accrued durin g the year ^ 15 N/A
p2 VU-fl Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column , unless an exception applies. Yes No
1 a During the year did the foundation ( either directly or indirectly)
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? 0 Yes I1 No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? .. Yes 0 No
(3) Furnish goods , services , or facilities to ( or accept them from) a disqualified person? Yes 0 No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? Yes 0 No
(5) Transfer any income or assets to a disqualified person ( or make any of either available
for the benefit or use of a disqualified person )? . . _ Q Yes EXI No
(6) Agree to pay money or property to a govemment official? ( Exception . Check 'No'
if the foundation agreed to make a grant to or to employ the official for a period after
termination of government service, if terminating within 90 days ) L1 Yes 0 No
b If any answer is'Yes' to 1a ( 1)-(6), did any of the acts fad to qualify under the exceptions described in Regulations
section 53 4941 (d)-3 or in a current notice regarding disaster assistance ( see page 22 of the instructions )? N/A lb
Organizations relying on a current notice regarding disaster assistance check here ^0
c Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts , that were not corrected
before the first day of the tax year beginning in 2006' 1c X
2 Taxes on failure to distribute income ( section 4942 ) (does not apply for years the foundation was a private operating foundation
defined in section 4942(1)(3) or 4942 (j)(5))
a At the end of tax year 2006 , did the foundation have any undistributed income ( lines 6d and 6e, Part XIII) for tax year( s) beginning
before 20067 Yes FX No
If 'Yes, list the years ^
b Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942 ( a)(2) (relating to incorrect
valuation of assets ) to the year' s undistributed income') ( If applying section 4942 ( a)(2) to all years listed , answer "No* and attach
statement - see instructions .) . . N/A 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.
3a Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time
during the years . 0 Yes 0 No
b If 'Yes ; did it have excess business holdings in 2006 as a result of ( 1) any purchase by the foundation or disqualified persons after
May 26 , 1969, (2) the lapse of the 5-year period ( or longer period approved by the Commissioner under section 4943 (c)(7)) to dispose
of holdings acquired by gift or bequest , or (3) the lapse of the 10- , 15-, or 20-year first phase holding period ? (Use Schedule C,
Form 4720 , to determine if the foundation had excess business holdings in 2006.) N/A 3b
4a Did the foundation invest during the year any amount in a manner that would jeopardize its chantable purposes? 4a
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 ieoaardv before the first day of the tax year beginning in 2006' 4b
Form 990-PF (2006)
623541
01-29-07
5
CARL & RUTH SHAPIRO FAMILY FOUNDATION 04-6135027 Page 6
VII- Statements Regarding Activities for Which Form 4720 May Be Required Continued
5a During the year did the foundation pay or incur any amount to
(1) Carry on propaganda , or otherwise attempt to influence legislation ( section 4945 (e))? Yes 0 No
(2) Influence the outcome of any specific public election (see section 4955), or to carry on , directly or indirectly,
any voter registration drive? LI Yes 0 No
(3) Provide a grant to an individual for travel, study, or other similar purposes ? Yes EKI No
(4) Provide a grant to an organization other than a charitable , etc , organization described in section
509(a )( 1), (2), or (3), or section 4940 (d)(2)? Yes EXI No
(5) Provide for any purpose other than religious , charitable , scientific, literary , or educational purposes, or for
the prevention of cruelty to children or animals? LI Yes [M No
b If any answer is'Yes'to 5a(1)-(5), did any of the transactions fail to quality under the exceptions described in Regulations
section 53 4945 or in a current notice regarding disaster assistance ( see instructions)? _ N/A 5b
notice regarding disaster assistance check here pop. 0
Organizations relying on a current
c If the answer is'Yes'to question 5a(4), does the foundation claim exemption from the tax because it maintained
expenditure responsibility for the grant ? N/A 0 Yes 0 No
If "Yes," attach the statement required by Regulations section 53.4945-5(d).
6a Did the foundation , during the year, receive any funds , directly or indirectly , to pay premiums on
a personal benefit contract ? 0 Yes 0 No
b Did the foundation , 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.
7a At any time during the tax year , was the foundation a party to a prohibited tax shelter transaction ? Yes EXI No
b If yes , did the foundation receive any p roceeds or have any net income attributable to the transaction? N/A 7b
T VIII Information About Officers, Directors, Trustees , Foundation Managers , Highly
0 Paid Employees , and Contractors
I I it au nffirerc direr-Mrs- trustees_ foundation manaaers and their compensation.
(b) Title, and average (c) Compensation (d)Contribubonsto (e) Expense
hours per week devoted ( If not paid , °"";F ho„fi ""s account, other
(a) Name and address allowances
to p osition enter -) I co ensaton
See Statement 13 75248. 10855. 0.
7 rw...wswc^*i..n .f fh, Linhnet- neiA .-In-ac Inther than thnee innhiel a 1 on line 11_ IT none - enter " NUNt."
r v (b) Title and average (^Contnbueonsto ( e) Expense

(a) Name and address of each employee paid more than $50,000 hours p er week (c) Compensation aand dotnu l'"s account, other
devoted to p osition c ensabon allowances
None
Total number of other employees paid over $50,000 1 U

Form 990-PF (2006)
623551
01-29-07
6
12300507 7 88779 fnd 2006.05000 CARL & RUTH SHAPIRO FAMILY FND 1
Form 990-PF (2006) CARL & RUTH SHAPIRO FAMILY FOUNDATION 04-6135027 Page 7
Information About Officers, Directors , Trustees, Foundation Managers, Highly
Paid Employees, and Contractors Continued
3 Five highest-paid independent contractors for professional services . If none, enter " NONE."
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
None
Total number of others receivin g over $50,000 for p rofessional services ^ 0

# t IX-A I 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 I Expenses
number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.
I N/A
Part JX-8 Summa ry of Pro ram - Related Investments

Describe the two largest program - related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 N/A
All other program - related investments See instructions.

3
Total . Add lines 1 through 3 0.

Form 990-PF (2006)
623561
01-29-07
7
12300507 788779 fnd 2006.05000 CARL & RUTH SHAPIRO FAMILY FND
Form ?j90-PF ( 2006 ) CARL & RUTH SHAPIRO FAMILY FOUNDATION 04-6135027 Page8
Pat+i f 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 . . . la 175682121.
b Average of monthly cash balances 1b 40292846.
c Fair market value of all other assets 1C
d Total (add lines 1 a, b, and c) . . .. ld 215974967 .
e Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) le 0
2 Acquisition indebtedness applicable to line 1 assets . . . . 2 0
3 Subtract line 2 from line ld 3 21597 4 9 6 7.
4 Cash deemed held for charitable activities . Enter 1 1 /2% of line 3 (for greater amount , see instructions ) 4 3239625 .
5 Net value of noncharitable - use assets . Subtract line 4 from line 3 Enter here and on Part V, line 4 . . 5 212735342 .
6 Minimum Investment return . Enter 5% of line 5 6 10636767 .
P & Distributable Amount (see instructions ) ( Section 4942 (i)(3) and (I)(5) private operating foundations and certain
foreign organizations check here ^ 0 and do not complete this part )
1 Minimum investment return from Part X, line 6 1 10636767 .
2a Tax on investment income for 2006 from Part VI, line 5 . . 2a 598507 .
b income tax for 2006 ( This does not include the tax from Part VI) 2b
c Add lines 2a and 2b 2c 5 9 8 5 0 7.
3 Distributable amount before adjustments Subtract line 2c from line 1 3 10038260 .
4 Recoveries of amounts treated as qualifying distributions .. 4 0
5 Add lines 3 and 4 5 10038260.
6 Deduction from distributable amount (see instructions) 6 0
7 Distributable amount as adjusted Subtract line 6 from line 5 Enter here and on Part XIII , line 1 7 10038260 .
Part Xl 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 1a 10392765.
b Program-related investments - total from Part IX-B 1b 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 1 a through 3b Enter here and on Part V, line 8, and Part XIII, line 4 .. 4 10392765.
5 Foundations that quality under section 4940 ( e) for the reduced rate of tax on net investment
income Enter 1 % of Part I, line 27b 5 598507.
6 Adjusted qualifying distributions . Subtract line 5 from line 4 . 6 9794258.
Note: The amount on line 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 (2006)
623571
01-29-07
8
Form §90-PF (2006) CARL & RUTH SHAPIRO FAMILY FOUNDATION 04-6135027 Page 9
#ârt X111 Undistributed Income (see instructions)
( a) (b) (c) (d)
Corpus Years prior to 2005 2005 2006
1 Distributable amount for 2006 from Part XI,
line? 10038260.
2 Undistributed Income , If any , as of the end of 2005
a Enter amount for 2005 only 0.

b Total for prior years
0.
3 Excess distributions carryover , d any , to 2006:
a From 2001 1514910.
bFrom2002 1054439.
c From 2003
d From 2004
e From 2005
f Total of lines 3a through 111 2569349.
4 Qualifying distributions for 2006 from
PartXll ,line4 10392765.
a Applied to 2005 , but not more than line 2a 0
b Applied to undistributed income of prior
years ( Election required - see instructions) 0
c Treated as distributions out of corpus
(Election required - see instructions) 0
d Applied to 2006 distributable amount 10038260.
e Remaining amount distributed out of corpus 354505
5 Excess distributions carryover applied to 2006 0. 0
Of 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 2923854.
h Prior years ' undistributed income Subtract

line 4b from line 2b 0
c Enter the amount of prior years'
undistributed income for which a notice of
deficiency has been issued , or on which
the section 4942 ( a) tax has been previously
assessed 0
d Subtract line 6c from line 6b . Taxable
amount - see instructions 0
e Undistributed income for 2005 Subtract line
4a from line 2a . Taxable amount - see instr 0
f Undistributed income for 2006 Subtract
lines 4d and 5 from line 1 This amount must
be distributed in 2007 0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170 ( b)(1)(E) or4942 ( g)(3) . 0 .
8 Excess distributions carryover from 2001
not applied on line 5 or line 7 1514 910 .
9 Excess distributions carryover to 2007.
Subtract lines 7 and 8 from line 6a 1408944 .
10 Analysis of line 9.
a Excess from 2002 1054439.
b Excess from 2003
c Excess from 2004
d Excess from 2005
e Excess from 2006 354505
Form 990-PF (2006)
623581
01-29-07
9
Form b90-PF ( 2006) CARL & RUTH SHAP FOUNDATION 04-6135027 Page10
instructions and Part VII-A, question 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 2006, enter the date of the ruling 1110.
b Check box to indicate whether the foundation is a p rivate o p erati foundation described 142(i1(3 ) or 0 4942(i)(5)
2 a Enter the lesser of the adjusted net Tax year Prior 3 years
income from Part I or the minimum (a) 2006 (b) 2005 (c) 2004 (d) 2003 ( 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 4942(I)(3)(B)(i)
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(l)(3)(8)(ui)
(3) Largest amount of support from
an exempt organization
Part X1f Supplementary Information (Complete this part only if the foundation had $5,000 or more in assets
at any time during the year-see page 28 of the instructions.)
1 Information Regarding Foundation Managers:
a List any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation before the close of any tax
year ( but only it they have contributed more than $5 ,000) (See section 507(d)(2) )
See Statement 14
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 01 0 if the foundation only makes contributions to preselected charitable organizations and does not accept unsolicited requests for funds If
the foundation makes gifts , grants, etc. (see instructions) to individuals or organizations under other conditions , complete items 2a , b, c, and d
a The name , address , and telephone number 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:
c Any submission deadlines
d Any restrictions or limitations on awards , such as by geographical areas, charitable fields , kinds of institutions , or other factors
623601 /01-29- 07 Form 990-PF (2006)

10
Form 990-PF ( 2006 ) CARL & RUTH SHAPIRO FAMILY FOUNDATION 04-6135027 Pagell
3 Grants and Contributions Paid During the Year or ADoroved for Future Payment
Recipient If recipient is an individual,
show any relationship to Foundation Purpose of grant or
any foundation manager status of contribution Amount
Name and address (home or business )
or substantial contributor recipient
a Paid during the year
SEE ATTACHED STATEMENT 416- 10159785.
Total ^ 3a 10159785.
b Approved for future payment
None
Total ^ 3b I U .
623611m1-29-07 Form 990-PF (2006)
11
FormW- PF(2006 ) CARL & RUTH SHAPIRO FAMILY FOUNDATION 04-6135027 Page12
Park X.f.A Analysis of Income - Producing Activities
Enter g ross amounts unless otherwise indicated U111M U uusmess muuinv txcW aec o section D12 01J Or 014 (e)
(a) (b) J.c „_ ( d) Related or exempt

Business Amount s Amount function income
1 Program service revenue code ee
a
b
c
d
e
f
g Fees and contracts from government agencies
2 Membership dues and assessments
3 Interest on savings and temporary cash
investments 14 2123089.
4 Dividends and interest from securities 14 6158625.
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
7 Other investment income
8 Gain or ( loss) from sales of assets other
than inventory 18 51597039.
9 Net income or (loss ) from special events
10 Gross profit or (loss ) from sales of inventory
11 Other revenue.
a
b
c
d
e
12 Subtotal Add columns ( b), (d), and (e) 0 . 59878753. i 0.
13 Total . Add line 12, columns ( b), (d), and (e) 13 5987 875 3 .
(See worksheet in line 13 instructions to verify calculations
Pad XVI,-B Relationship of Activities to the Accomplishment of Exempt Purposes
623621 Form 990-PF (2006)

01-29-07
12
Form990-PF ( 2006) CARL & RUTH SHAPIRO FAMILY FOUNDATION 04-6135027 Pag e 13
# XNII Information Regarding Transfers To and Transactions and Relationships With Noncharitable
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of Yes No
the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
a Transfers from the reporting foundation to a nonchantable exempt organization of.
(1) Cash 1a (l ) X
(2) Other assets . . 1a 2 X
b Othertransactions*
(1) Sales of assets to a noncharitable exempt organization . .. lb ( l ) X
(2) Purchases of assets from a nonchantable exempt organization lb (2 ) X
(3) Rental of facilities, equipment, or other assets lb (3 ) X
(4) Reimbursement arrangements . . 1b (4 ) X
(5) Loans or loan guarantees 1b (5 ) X
(6) Performance of services or membership or fundraising solicitations . . 1 b( 5) X
Sharing of facilities, equipment, mailing lists, other assets, or paid employees 1 c X
If the answer to any of the above is 'Yes,' complete the following schedule Column (b) should always show the fair market value of the goods, other assets,
or services given by the reporting foundation If the foundation received less than fair market value in any transaction or sharing arrangement, show in
2a Is the foundation directly or indirectly affiliated with , or related to, one or more tax-exempt organizations described
in section 501 ( c) of the Code ( other than section 501 (c)(3)) or in section 527') Yes ® No
b If Yes . the followin g schedule
(a) Name of organization (b) Type of organization (c) Description of relationship
N/A
Under penalties of p ry ec re that I e exa ined this retu ncluding mpanying schedules and statements, and to the best of my knowledge and belief, it is true, correct,
end complete D tton f parer (o / er than p6yerpy fiduc ) Is based on all information of w)llch pfeparer has any knowle be
'tôr trust
Preparer ' s
C_f
.O 'L - E signature
firm
Ilse! lo , ti^440 PARK AVEN UE SOUTH
addr= and ZIP c NEW YORK, N.Y . 10016
623622
01-29-C
123005
Schedule B Schedule of Contributors OMB No 1545-0047
(Form 990 , 990-EZ,
or 990-PF) Supplementary Information for
Internal Revenue Service
line 1 of Form 990, 990-EZ, and 990-PF (see instructions) 2006
Name of organization I Employer identification number
CARL & RUTH SHAPIRO FAMILY FOUNDATION 1 04-6135027

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 M 501(c)(3) exempt private foundation
0 4947(a)(1) nonexempt charitable trust treated as a private foundation
0 501(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-
O 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-
O For a section 501 (c)(3) organization filing Form 990 , or Form 990•EZ, that met the 33 1 /3% support test of the regulations under
sections 509 (a)(1)/170(b)(1)(A)(v), 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.) ^ $
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).
LHA For Paperwork Reduction Act Notice, see the Instructions Schedule 8 (Form 990 , 990-EZ , or 990-PF) (2006)
for Form 990, Form 990-EZ, and Form 990-PF.
623451 01-18-07
14
Schedule B (Form 990, 99 1 of 2 of Part I
Name of organization Employer identification number
CARL & RUTH SHAPIRO FAMILY FOUNDATION 04-6135027

Pad I Contributors (See Specific Instructions.)
(a) (b) (c) (d)

No. Name , address , and ZIP + 4 Aggregate contributions Type of contribution
SHAPIRO FAMILY FIFTEEN YEAR CHARITABLE
1 LEAD TRUST Person OX
Payroll
C/O ONE WASHINGTON STREET, STE. 202 $ 3104073. Noncash
(Complete Part II if there
WELLESLEY, MA 02481 Is a noncash contribution.)
(a) (b) (c) (d)

No. Name, address , and ZIP + 4 Aggregate contributions Type of contribution
SHAPIRO FAMILY FIVE YEAR CHARITABLE
2 LEAD TRUST Person FT
Payroll
C/O ONE WASHINGTON STREET, STE. 202 $ 6700998. Noncash
WELLESLEY, MA 02481 is a noncash contribution.)
(a) (b) (c) (d)

No. Name , address, and ZIP + 4 Aggregate contributions Type of contribution
SHAPIRO FAMILY TEN YEAR CHARITABLE
3 LEAD STRUST Person OX
Payroll
C/O ONE WASHINGTON STREET, STE. 202 $ 4272328. Noncash fl
WELLESLEY, MA 02481 is a noncash contribution.)
(a) (b) (c) (d)

4 CARL SHAPIRO Person

Payroll
2 NORTH BREAKERS ROW #45 $ 1950000. Noncash 0
PALM BEACH, FL 3 3 4 8 0 is a noncash contribution.)
(a) (b) (c) (d)

5 RUTH SHAPIRO Person

Payroll Q
2 NORTH BREAKERS ROW #45 $ 2596000. Noncash ^X
PALM BEACH, FL 33480 is a noncash contribution.)
(a) (b) (c) (d)

No. Name , address, and ZIP + 4 Aggregate contributions Type of contribution
6 CARL SHAPIRO Person 0

Payroll
2 NORTH BREAKERS ROW #45 $ 10000000. Noncash
PALM BEACH, FL 3 3 4 8 0 is a noncash contribution
;7g4-; ni_IR_ m Schedule B (Form 990 . 990-EZ . or 990 - PF) (20061
15
Schedile B (Form 990, 990-EZ. or 990-PF) (2006) Pape 2 of 2 of Part I
Name of organization Employer Identification number

Part t Contributors (See Specific Instructions.)
(a) (b) (c) (d)

7 RUTH SHAPIRO Person OX

Payroll Q
2 NORTH BREAKERS ROW #45 $ 10000000. Noncash 0
PALM BEACH, FL 3 3 4 8 0 is a noncash contribution.)
(a) (b) (c) (d)

Person El
Payroll Q
$ Noncash 0
is a noncash contribution.)
(a) (b) (c) (CO

Person El
Payroll 0
$ Noncash Q
(Complete Part li if there
(a) (b) (c) (d)

Person 0
Payroll 0
$ Noncash Q
(a) (b) (c) (CO

Person El
Payroll El
$ Noncash Q
(a) (b) (c) (d)

Person El
Payroll Q
$ Noncash El
is a noncash contribution.;
623452 WAR-07 Schedule B (Form 990 . 990-EZ . or 990 - PF) (2006)
16
Schedule B (Form 990, 990-EZ or 1 of 1 of Part ll
Name of organization Employer identification number

Pad It Noncash Property (See Specific Instructions.)
(a) (c)
No. (b) (CQ
FMV (or estimate)
from Description of noncash property given Date received
(see instructions)
Part I
60,000 SHS COACH, INC.
4
$ 1950000. 09/12/06
(a)
No. (c)
FMV (or estimate)
(see instructions)
Part I
40,000 SHS REYNOLDS AMERICA
5
$ 2596000. 09/12/06
(a)
No. (c)
FMV (or estimate)
(see instructions)
Part I
(a) (c)
No. (b) (d)
FMV (or estimate)
(see instructions)
Part I
(a) (c)
No. (b) (d)
FMV (or estimate)
(see instructions)
Part I
(a) (c)
No.
FMV (or estimate)
(see instructions)
Part I
623453 01_1 -o7 Schedule B (Form 990.990-EZ . or 990-PFI (20061

17
Continuation for 990-PF, Part IV
CARL &.RUTH SHAPIRO FAMILY FOUNDATION 04-6135027 Pa g e 1 of 3
IPatt IV I Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold, e g , real estate , ( b How acquired (c) Date acquired ( d) Date sold
2-story brick warehouse , or common stock , 200 shs MLC Co. - Pu rchase
nation (mo , day , yr ) (mo , day, yr )
D - D onation
la 20 325,000 US TSY BILL DUE 8/2406 P 04/28/06 08/24/06
b US T-BILL INTEREST INCL. IN BROKER'S GROSS PROCEE P 04/28/06 08/24/06
c 60,000 SHS COACH , INC D 09/12/06 09/12/06
d 40,000 SHS REYNOLDS AMERICAN , INC D 09/12/06 09/12/06
e 56,000 SHS LIZ CLAIBORNE , INC. P 06/05/95 01/09/06
f 50 000 SHS LIZ CLAIBORNE, INC. P 06/05/95 01/10/06
g 6,000 SHS EMULUX CORP. P 11/29/04 01/12/06
h 59,200 SHS PROCTOR & GAMBLE P 05/19/88 01/19/06
i35,000 SHS GOOGLE P 03/30/05 01/23/06
40,000 SHS GOOGLE P 03/30/05 01/23/06
k44 , 000 SHS PEPSICO P 08/29/95 01/24/06
1167,000 SHS TRANSOCEAN SEDCO P 01/23/06 02/03/06
m92 , 000 SHS ANALOG DEVICES P 01/23/06 02/06/06
n 95,000 SHS DIAMOND OFFSHORE DRILLING P 01/23/06 02/07/06
o 157 , 000 SHS BURLINGTON NORTHERN P 01/23/06 02/14/06
(e) Gross sales price ( Q Depreciation allowed ( g) Cost or other basis ( h) Gain or (loss)
a 19984150. 19984150. 0.
b 340850. 340850. 0.
c 1984200. 332850. 1651350.
d 2600000. 558000. 2042000.
e 2003120. 504000. 1499120.
f 1799000. 450000. 1349000.
130140. 83460. 46680.
h 3473856. 260643. 3213213.
14808850. 6312950. 8495900.
16924400. 7204800. 9719600.
k 2560800. 914827. 1645973.
1 13711240. 13004410. 706830.
m 3717000. 3470980. 246020.
n 7835700. 7571500. 264200.
o 12664090. 11152840. 1511250.
Complete only for assets showing gain in column ( h) and owned by the foundation on 12/31 /69 (I) Losses (from col (h))
(j) Adjusted basis ( k) Excess of col (i) Gains (excess of col (h) gain over col. (k),
(I) F M V as of 12/31/69 as of 12/31/69 over col. (1), rf any but not less than'-0- )
a 0.
b 0.
c 1651350.
d 2042000.
e 1499120.
f 1349000.
46680.
h 3213213.
8495900.
9719600.
k 1645973.
1 706830.
m 246020.
n 264200.
0 1511250.
! If am, also enter in Part I, line 7 1
2 Capital gain net income or ( net capital loss ) i If ?loss) , enter'-0- in Part I , line 7 1 2
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)
If (loss ), enter '-0- in Part I, line 8 3
623591
05-01-06
18
CARL &.RUTH SHAPIRO FAMILY FOUNDATION 04-6135027 Pa g e 2 of 3
P It I Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind (s) of property sold, e g , real estate, (b How acquired ( c) Date acquired ( d) Date sold
2-story buck warehouse ; or common stock , 200 shs MLC Co D - Don tion (mo , day, yr ) (mo, day, yr )
1a 63,000 SHS CATERPILLAR TRACTOR P 01/13/06 02/17/06
b 21 275,000 US T-BILL DUE 4/27/06 P 12/08/05 03/02/06
c 775,000 US T-BILL DUE 7/13/06 P 01/26/06 05/10/06
d 150,000 US T-BILL DUE 7/13/06 P 01/26/06 06/07/06
e 625,000 US T-BILL DUE 7/13/06 P 01/26/06 06/07/06
f 750,000 US T-BILL DUE 9/1406 P 04/27/06 08/16/06
1 , 525 , 000 US B-BILL DUE 12/21/06 P 07/27/06 09/07/06
h 39,225 000 US T-BILL DUE 1/4/07 P 08/03/06 10/02/06
1,400,000 US T-BILL DUE 2/8/07 P 09/14/06 10/02/06
26,500,000 US T-BILL DUE 2/8/07 P 09/14/06 10/02/06
k 80 000 SHS NORFOLD SO. CORP. P 09/29/06 11/09/06
1 50,000 SHS NV IDIA CO RP. P 09/28/06 11/09/06
m 85,0 00 SHS NVID IA CORP. P 09/28/06 11/09/06
n 90 , 000 SHS OFFICE MAX P 09/27/06 11/09/06
o 750 , 000 US T-BILL DUE 12/14/06 P 07/13/06 11/10/06
(f) Depreciation allowed ( g) Cost or other basis ( h) Gain or (loss)
(e) Gross sales puce (e) plus (f) minus (g)
(or allowable ) plus expense of sale
a 4540410. 3919860. 620550.
b 20929537. 20942472. -12935.
c 758797. 759267. -470.
d 146908. 146955. -47.
e 612119. 612312. -193.
f 735502. 736208. -706.
1494672. 1494058. 614.
h 38413705. 38391077. 22628.
1372463. 1372224. 239.
25978761. 25974240. 4521.
k 4216000. 3444000. 772000.
1 1800500. 1449000. 351500.
m 3056650. 2464650. 592000.
n 4472100. 3585900. 886200.
o 733822. 733830. -8.
Complete only for assets showing gain in column ( h) and owned by the foundation on 12/31/69 (I) Losses (from col (h))
(1) Adjusted basis (k) Excess of col (i) Gains (excess of col (h) gain over col (k),
(I) F M V as of 12/31/69 as of 12/31/69 over col (j), if any but not less than'-0')
a 620550.
b -12935.
C -470.
d -47.
e -193.
f -706.
614.
h 22628.
239.
4521.
k 772000.
1 351500.
m 592000.
n 886200.
o -8-
If goe s)a lso enter in' PaPart Irt, l i ne 7 2
2 Capital gain net income or (net capital loss ) ^ If ( loss , enter'-0= in I , line 7
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)
If (loss), enter '-0= in Part I, line 8 3
623591
05-01-06
19
CARL & RUTH SHAPIRO FAMILY FOUNDATION 04-6135027 Pa g e 3 of 3
# IV Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind ( s) of property sold, e g , real estate , ( b How acquired ( c) Date acquired ( d) Date sold
2-story buck warehouse ; or common stock , 200 shs MLC Co. Purchase ( mo , day , yr ) (mo , day, yr.)
D - Donation
1a 85 000 SHS NUCOR CORP. P 09/28/06 11/10/06
b_155,000 SHS AMR CORP. P 09/28/06 11/ 21/06
c 80,000 SHS ALLEGHENY TECH. P 09/28/06 11/22 /06
d 170 , 000 SHS AMAZON.COM, INC. P 09/28/06 11/2 7/06
e 135,000 SHS COACH, INC. P 09/28/06 11/27/06
f160 , 000 SHS EBAY , INC. P 09/27/06 11/27/06
40,000 SHS GOLDMAN SACHS P 09/28/06 11/27/06
h12 , 000 SHS GOOGLE P 09/28/06 11/27/06
1 130 , 000 SHS MASSEY ENERGY P 10/04/06 11/27/06
92,000 SHS PEABODY ENERGY P 09/28/06 11/27/06
k 30 000 SHS RESEARCH IN MOTION P 09/28/06 11/27/06
175 , 000 SHS US STEEL CORP. P 10/03/06 11/27/06
m50,000 SHS YUM BRANDS P 09/28/06 11/27/06
n41 , 000 SHS PEABODY ENERGY P 09/28/06 11/27/06
0
(e) Gross sales puce ( f) Depreciation allowed ( g) Cost or other basis ( h) Gain or (loss)
a 5146750. 4109550. 1037200.
b 5165650. 3617550. 1548100.
c 6656800. 4908800. 1748000.
d 7220280. 5373900. 1846380.
e 5690360. 4618200. 1072160.
f 5317460. 4287800. 1029660.
8076000. 6760400. 1315600.
h 5994480. 4825440. 1169040.
3328200. 2540700. 787500.
3912960. 3327360. 585600.
k 4224000. 2557500. 1666500.
5568000. 4181250. 1386750.
m 3144000. 2626000. 518000.
n 1742910. 1483390. 259520.
0
Complete only for assets showing gain in column ( h) and owned by the foundation on 12/31/69 (I) Losses (from col (h))
Gains (excess ( h) g a in0over col (k),
(1) Adjusted basis ( k) Excess of col (i)
(I) F M V as of 12/31/69 as of 12 /31/69 over col (I), if any but not less than
a 1037200.
b 1548100.
C 1748000.
d 1846380.
e 1072160.
f 1029660.
1315600.
h 1169040.
787500.
585600.
k 1666500.
1386750.
m 518000.
n 259520.
0
ain, also enter in Part I, line 7 2

2 Capital gain net income or ( net capital loss)) If ?loss ) , enter'-0- in Part I , line 7 51597039.
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).
If (loss), enter '-0- in Part I, line 8 3 N/A
623591
05-01-06
20
2006 DEPRECIATION AND AMORTIZATION REPORT
Form 990-PF Page 1 990-PF
As et Date Une
. Unadjusted Bus % Reduction In Basis For Accumulated Current Current Year
No Description Acquired Method Life N Cost Or Basis Excl Basis Depreciation Depreciation Sec 179 Deduction
I FURNITURE AND FIXTURES 12 15 02 00D .00 17 8228. 8228. 0.
FFICE EQUIP ME NT 11 18 2 00t 5 00 17 12 90 . 12 90 . 0 M
3 FURNITURE AND FIXTURES 12 15 02 00D .00 17 13944. 13944. 0.
4 FURNITURE AND FIXTURES 1-2 15 2 00f ..00 17 4882. 1841. 3041. 2417. 333.
5 FFICE RENOVATION 01 12 03 00D .00 17 31637. 31637. 0.
6 OFFICE EQUIPMENT 1 14 3 OG ..00 17 6036. 6036. 0.
8 SI RE AND FIXTURE 2 4 00 .00 17 74454 7445. 0.
10FURNITURE AND FIXTURES 6 18 4 001 .00 17 5680. 5680. 0.
11 EQUIPMENT 12 11 06 00D .00 19 430. 430. 22.

Total 930-Pt' Pg I
eipr 96036. 92565. 34 7 1. 2417 . 04 355.
628102
07-28- 06 (D) - Asset disposed • ITC, Section 179, Salvage , Bonus , Commercial Revitalization Deduction , GO Zone
21
CARS, & RUTH SHAPIRO FAMILY FOUNDATION 04-6135027
Form 990-PF Interest on Savings and Temporary Cash Investments Statement 1
Source Amount
BANK - INTEREST ON SAVINGS 25506.

BANK - TEMPORARY CASH INVESTMENT 2096473.
BROKER - TEMPORARY CASH INVESTMENT 1110.
Total to Form 990-PF, Part I, line 3, Column A 2123089.
Form 990-PF Dividends and Interest from Securities Statement 2
Capital Gains Column (A)

Source Gross Amount Dividends Amount
BANK - GOVT BONDS & T-BILLS 681500. 0. 681500.

BROKER - CORP DIVIDENDS 264521. 0. 264521.
BROKER - GOVT BONDS & T-BILLS 340850. 0. 340850.
Total to Fm 990-PF, Part I, In 4 6158625. 0. 6158625.
Form 990-PF Legal Fees Statement 3
(a) (b) (c) (d)

Expenses Net Invest- Adjusted Charitable
Description Per Books ment Income Net Income Purposes
LEGAL FEES 34089. 17044. 17045.
To Fm 990-PF, Pg 1, In 16a 34089. 17044. 17045.
22 Statement(s) 1, 2, 3
CAIL & RUTH SHAPIRO FAMILY FOUNDATION 04-6135027
Form 990-PF Accounting Fees Statement 4
(a) (b) (c) (d)

ACCOUNTING FEES 11000. 11000. 0.

To Form 990-PF, Pg 1, In 16b 11000. 11000. 0.
Form 990-PF Other Professional Fees Statement 5
(a) (b) (c) (d)

PROFESSIONAL CONSULTANTS 6491. 0. 6491.

WEBSITE DEVELOPMENT 10380. 0. 10380.
To Form 990-PF, Pg 1, In 16c 16871. 0. 16871.
Form 990-PF Taxes Statement 6
(a) (b) (c) (d)

ANNUAL FRANCHISE TAX 25. 0. 0.

PAYROLL TAXES 8969. 0. 8969.
FEDERAL INCOME TAX 647879. 0. 0.
STATE UNEMPLOYMENT TAXES 2278. 0. 2278.
To Form 990-PF, Pg 1, In 18 659151. 0. 11247.
23 Statement(s) 4, 5, 6
Form 990-PF Other Expenses Statement 7
(a) (b) (c) (d)

ANNUAL FEES 500. 0. 0.

TELEPHONE/INTERNET 1829. 0. 1829.
BUSINESS INSURANCE 2414. 0. 2414.
MISCELLANEOUS EXPENSES 2562. 0. 3002.
COMPUTER SOFTWARE CHARGES 1512. 0. 1512.
OFFICE SUPPLIES 2585. 0. 2585.
CORPORATE SERVICES 309. 0. 309.
PAYROLL SERVICE FEE 1728. 0. 1728.
POSTAGE/SHIPPING 729. 0. 729.
WORKERS' COMP. INSURANCE 379. 0. 379.
SUBSCRIPTIONS 230. 0. 230.
To Form 990-PF, Pg 1, In 23 14777. 0. 14717.
Form 990-PF U.S. and State/City Government Obligations Statement 8
U.S. Other Fair Market

Description Gov't Gov't Book Value Value
US TREASURY BILLS X 163831009. 165180987.

FEDERAL HOME LOAN BANK NOTES X 39523080. 39312599.
Total U.S. Government Obligations 203354089. 204493586.
Total State and Municipal Government Obligations
Total to Form 990-PF, Part II, line 10a 203354089. 204493586.
Form 990-PF Corporate Stock Statement 9
Fair Market
Description Book Value Value
COMMON & PREFERRED STOCKS 0. 0.
Total to Form 990-PF, Part II, line 10b 0. 0.
24 Statement (s) 7, 8, 9
CARS, & RUTH SHAPIRO FAMILY FOUNDATION 04-6135027
Form 990-PF Depreciation of Assets Not Held for Investment Statement 10
Cost or Accumulated
Description Other Basis Depreciation Book Value
FURNITURE AND FIXTURES 8228. 8228. 0.

OFFICE EQUIPMENT 1290. 1290. 0.
OFFICE RENOVATION 31637. 31637. 0.
OFFICE EQUIPMENT 6036. 6036. 0.
EQUIPMENT 430. 22. 408.
Total To Fm 990-PF, Part II, In 14 96036. 95337. 699.
Form 990-PF Other Assets Statement 11
Fair Market
Description Book Value Value
CONSTRUCTION IN PROGRESS 25000. 25000.

ACCRUED INTEREST PAID ON BOND
ACQUISITION 55800. 55800.
Total to Form 990-PF, Part II, line 15 80800. 80800.
Form 990-PF Other Liabilities Statement 12
Description Amount
PAYROLL TAXES - WITHHELD 0.
Total to Form 990-PF, Part II, line 22, Column B 0.
25 Statement(s) 10, 11, 12

Form 990-PF Part VIII - List of Officers, Directors Statement 13

Trustees and Foundation Managers
Employee
Title and Compen- Ben Plan Expense
Name and Address Avrg Hrs/Wk sation Contrib Account
CARL SHAPIRO CHAIRMAN

2 N. BREAKERS ROW 20.00 0. 0. 0.
PALM BEACH, FL 33480
RUTH SHAPIRO SECRETARY & TREAS. & TRSTE

2 N. BREAKERS ROW 4.00 0. 0. 0.
PALM BEACH, FL 33480
RHONDA ZINNER PRESIDENT

c/o 399 BOYLSTON STREET 20.00 0. 0. 0.
BOSTON, MA 02116
ELLEN JAFFE TRUSTEE

BOSTON, MA 02116
LINDA WAINTRUP TRUSTEE

BOSTON, MA 02116
JEAN S. WHITNEY PROGRAM DIRECTOR

112 WOODRIDGE ROAD 32.00 75248. 10855. 0.
WAYLAND, MA 01778
Totals included on 990-PF, Page 6, Part VIII 75248. 10855. 0.
Form 990-PF Part XV - Line la Statement 14

List of Foundation Managers
Name of Manager
CARL SHAPIRO
RUTH SHAPIRO
26 Statement(s) 13, 14
• 04- 613soa1
FArnwY FoKN-bR11OrJ ISM PA4E
. R^^cH SNPP1^Ro S1ATt-^^
Reci lent Name Status Relationshi p Prog ram Area Purpose of Grant
- Amount
AccesSport America Public Charity None Human Services Project Support $40,000
American Cancer Society Public Charity None Health Operating Support $25,000
Amer. Friends of the Israel Phil. Orchest ra Public Charity None Jewish Interests Operating Support $5,000
American Friends of Livnot U' lehibanot Public Charity None Jewish Interests Operating Support $1,000
American Friends of the Israel Museum Public Charity None Jewish Interests Operating Support $20,000
Amer. Friends of Weizmann Inst. of Sci . Public Charity None Jewish Interests Operating Support $10,000
American Heart Association Public Charity None Health Operating Support $10,000
American Jewish Committee Public Charity None Jewish Interests Operating Support $20,000
American Society for the Technion Public Charity None Jewish Interests Operating Support $25,000
Anti-Defamation League Public Charity None Jewish Interests Operating Support $100,000
ARMDI Public Charity None Jewish Interests Operating Support $25,000
Artists for Humanity Public Charity None Arts & Culture Project Support $25,000
Associated Grant Makers Public Charity None Other Membership $7,800
Associated Grant Makers Public Charity None Other Project Support $20,000
Association of Small Foundations Public Charity None Other Membership $450
Autism Speaks Public Charity None Health Operating Support $50,000
BalletRox Public Charity None Arts & Culture Project Support $18,000
Belmont Hill School Public Charity None Education Operating Support $2,500
Beth Israel Deaconess Medical Center Public Charity None Health Capital $700,000
Beth Israel Deaconess Medical Center Public Charity None Health Operating Support $31,000
BOSTnet Public Charity None Human Services Project Support $40,000
Boston Ballet Public Charity None Arts & Culture Operating Support $40,000
Boston Center for Independent Living Public Charity None Human Services Project Support $20,000
Boston Chinatown Neighborhood Ctr Public Charity None Human Services Project Support $25,000
The Boston Foundation Public Charity None Human Services Project Support $10,000
Oy- b13SoJ.-I
CfMML R iii CRAP1R,O F Am%Lt RKn+bAmOO S?P1tjvENT -#If) P,4 6E 3,
Reci p ient Name Status Relationshi Program Area Pur p ose of Grant Amount
Boston Medical Center Public Charity None Health Project Support $25,000
Boston Symphony Orchestra Public Charity None Arts & Culture Operating Support $45,000
Boys and Girls Clubs of Boston Public Charity None Human Services Project Support $15,000
Brain Tumor Society Public Charity None Health Project Support $10,000
Brandeis University Public Charity None Education Project Support $51,500
Brandeis University Public Charity None Education Capital $2,500,000
Brandeis University Public Charity None Education Capital $350,000
Breast Cancer Research Foundation Public Charity None Health Operating Support $11,500
Brigham & Women 's Hospital Public Charity None Health Capital $1,600,000
Brigham & Women's Hospital Public Charity None Health Capital $300,000
Brigham & Women 's Hospital Public Charity None Health Project Support $574,000
Brimmer & May School Public Charity None Education Operating Support $51,000
The Carroll Center for the Blind Public Charity None Education Project Support $25,000
The Center for Teen Empowerment Public Charity None Human Services Project Support $25,000
Chapel Hill Chauncy Hall School Public Charity None Education Operating Support $5,000
Children 's Hospital Public Charity None Health Capital $250,000
CityStage Co. Public Charity None Arts & Culture Project Support $10,000
Clarke School for the Deaf Public Charity None Human Services Project Support $15,000
Col. Daniel Marr Boys and Girls Club Public Charity None Human Services Operating Support $500
Combined Jewish Philanthropies Public Charity None Jewish Interests Operating Support $317,600
Community Art Center Public Charity None Arts & Culture Project Support $15,000
Community Music Center Public Charity None Arts & Culture Project Support $20,000
Community Rowing Public Charity None Human Services Project Support $25,000
Cystic Fibrosis Foundation Public Charity None Health Operating Support $10,000
D.E.A.F . Inc. Public Charity None Human Services Project Support $40,000
• ' • dy-6t3so17
1QL & P, 11A SNAPIQo Farwt.Y FWA.00ATton1
S7A7V-MEHT I6- ,PnGE3
Reci lent Name Status Relationshi Program Area Purp ose of Grant Amount
Dana Farber Cancer Institute Public Charity None Health Operating Support $125,000
Facing History and Ourselves Public Charity None Education Operating Support $25,000
Fed. Dorchester Neighborhood Houses Public Charity None Arts & Culture Project Support $10,000
The Food Project Public Charity None Human Services Project Support $35,000
Friends of the Boston Public Garden Public Charity None Other Operating Support $2,500
Friends of the William E. Carter School Public Charity None Education Project Support $35,000
Gift of Life Bone Marrow Foundation Public Charity None Health Operating Support $35,000
Grantmakers in the Arts Public Charity None Arts & Culture Operating Support $5,000
Hadassah Public Charity None Jewish Interests Project Support $10,000
Handel and Haydn Society Public Charity None Arts & Culture Operating Support $2,500
Harvard Graduate School of Education Public Charity None Education Operating Support $2,500
Hebrew Senior Life Public Charity None Jewish Interests Project Support $42,200
Hospice Foundation of PB County Public Charity None Health Project Support $25,000
Huntington Theater Company Public Charity None Arts & Culture Project Support $43,000
Huntington Theater Company Public Charity None Arts & Culture Capital $25,000
Hyde Square Task Force Public Charity None Arts & Culture Project Support $12,500
Inquilinos Boricuas en Action Public Charity None Arts & Culture Project Support $15,000
Institute of Contemporary Art Public Charity None Arts & Culture Project Support $15,000
Interfaithfamily .com Public Charity None Jewish Interests Operating Support $2,500
Jewish Big Brother & Big Sister Assoc . Public Charity None Jewish Interests Project Support $20,000
Jewish Comm. Ctrs of Greater Boston Public Charity None Jewish Interests Project Support $30,000
Jewish Family and Children ' s Services Public Charity None Jewish Interests Operating Support $30,000
Jewish Federation of PB County Public Charity None Jewish Interests Operating Support $113,500
Jewish Guild for the Blind Public Charity None Jewish Interests Project Support $5,000
• o4-LI3So^7
FAr+LL'/ F DA'T1b0
• C.AkL. I Rum SAp pltin ST) TFMENT4/S PAG£ q
Reci lent Name Status Relationshi Pro g ram Area Pur p ose of Grant Amount
Jewish Home for the Aged Public Charity None Jewish Interests Capital $200,000
Jewish Home for the Aged Public Charity None Jewish Interests Project Support $10,000
Jewish Theology Seminary Public Charity None Jewish Interests Operating Support $3,600
Jewish Vocational Services Public Charity None Jewish Interests Project Support $25,000
JFK Center for the Performing Arts Public Charity None Arts & Culture Operating Support $25,000
Joslin Clinic Public Charity None Health Project Support $50,000
Judge Baker Children 's Center Public Charity None Human Services Operating Support $5,000
Kid's Wish Network Public Charity None Human Services Operating Support $35
Kravis Center for Performing Arts Public Charity None Arts & Culture Capital $300,000
Kravis Center for Performin g Arts Public Charity None Arts & Culture Operating Support $30,000
Lafayette College Public Charity None Education Operating Support $1,500
Leukemia and Lymphoma Society Public Charity None Health Operating Support $22,500
Lymphoma Research Foundation Public Charity None Health Operating Support $100,000
Lynne Cohen Fdn for Ovarian Cancer Public Charity None Health Operating Support $1,500
MAB Community Services Public Charity None Human Services Project Support $25,000
MassINC Public Charity None Other Operating Support $5,000
Mujeres Unidas en Accion Public Charity None Human Services Project Support $25,000
Muscular Dystrophy Association Public Charity None Health Operating Support $10,000
Museum of Fine Arts Public Charity None Arts & Culture Project Support $60,000
Nat. Center for Family Philanthropy Public Charity None Other Membership $1,000
Nat. Council on Spinal Cord Injury Public Charity None Health Operating Support $5,000
New England Eye Institute Public Charity None Health Project Support $35,000
Norton Museum of Art Public Charity None Arts & Culture Capital $100,000
Norton Museum of Art Public Charity None Arts & Culture Operating Support $105,000
NYU Hospitals Center Public Charity None Health Project Support $19,500
O^{^ 61350 1
^R^& R^,^^yp $ÂP1Rso ÂtrALy Fo-NppTlbt-)
S714l ) ENT * 15 , PAGE S
Reci p ient Name Status Relationshi Program Area Pur p ose of Grant Amount
ODWIN Learning Center Public Charity None Education Project Support $25,000
One Family , Inc. Public Charity None Human Services Project Support $35,000
Outdoor Explorations Public Charity None Human Services Project Support $20,000
PB Community Chest United Way Public Charity None Human Services Operating Support $107,000
Palm Beach Country Club Foundation Public Charity None Arts & Culture Operating Support $4,000
PB County Assoc . for Retarded Citizens Public Charity None Human Services Project Support $20,000
Palm Healthcare Foundation Public Charity None Health Operating Support $5,000
Park School Public Charity None Education Operating Support $42,500
Partners For Youth With Disabilities Public Charity None Human Services Project Support $25,000
Piers Park Sailing Public Charity None Human Services Project Support $25,000
Planned Parenthood Public Charity None Health Operating Support $30,000
Preservation Society Public Charity None Arts & Culture Operating Support $10,000
Project Hope Public Charity None Human Services Project Support $30,000
Project STEP Public Charity None Arts & Culture Project Support $12,500
Rehab Center for Children & Adults Public Charity None Human Services Operating Support $10,000
Richard David Kann Melanoma Fdn Public Charity None Health Operating Support $10,000
The Rivers School Public Charity None Education Operating Support $3,000
Ronald McDonald House Charities Public Charity None Human Services Operating Support $500
Sarah Lawrence College Public Charity None Education Operating Support $5,000
Simon Wiesenthal Center Public Charity None Jewish Interests Operating Support $10,000
Sippican Land Trust Public Charity None Other Operating Support $20,000
Social Change Innovators Public Charity None Human Services Operating Support $5,000
Society of Four Arts Public Charity None Arts & Culture Operating Support $2,500
Spaulding Rehabilitation Hospital Public Charity None Health Operating Support $2,500
Temple Israel Public Charity None Jewish Interests Operating Support $3,600
• o9 - 6 13S-,D),-7
{LL W SMAPIM FAMI-y r-0"bAT1cN
ST^Tn1ENT -if P19GE
Reci lent Name Status Relationshi p Pro g ram Area Pur p ose of Grant Amount
Tenacity Public Charity None Human Services Project Support $35,000
TERC Public Charity None Human Services Project Support $30,000
Thompson Island Outward Bound Public Charity None Human Services Project Support $25,000
Trinity College Public Charity None Education Operating Support $25,000
United South End Settlements Public Charity None Arts & Culture Project Support $22,500
US Holocaust Memorial Museum Public Charity None Jewish Interests Project Support $25,000
United Way of MA Bay Public Charity None Human Services Project Support $10,000
University of Pennsylvania Public Charity None Education Operating Support $2,500
Urban Improv Public Charity None Arts & Culture Project Support $10,000
Vinfen Corporation Public Charity None Human Services Project Support $25,000
VSA Arts of MA Public Charity None Human Services Project Support $25,000
Wang Center Public Charity None Arts & Culture Project Support $32,000
Wellesley College Public Charity None Education Operating Support $5,000
Winsor School Public Charity None Education Operating Support $5,000
Women 's Lunch Place Public Charity None Human Services Operating Support $2,000
Zumix Public Charity None Arts & Culture Project Support $25,000
Total $10 ,159,785

N umber of Organizations 130
Form'm0 Underpayment of Estimated Tax by Corporations
OMB No 1545-0142
Department of the Treasury ^ See separate Instructions.

Internal Revenue Service 10, Attach to the corporation's tax return . Form 9 9 0 -PF 2006
Name Employer identification number
Note: Generally, the corporation is not required to file Form 2220 (see Part II below for exceptions) because the IRS will figure any penalty owed and bill the
corporation However, the corporation may still use Form 2220 to figure the penalty If so, enter the amount from page 2, line 34 on the estimated tax
penalty line of the corporation's income tax return, but do not attach Form 2220
Part ! Required Annual Payment
1 Total tax (see instructions) 1 598507.
2 a Personal holding company tax (Schedule PH (Form 1120), line 26) included on line 1 2a
b Look-back interest included on line 1 under section 460(b)(2) for completed long-term
contracts or of 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 2d
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 598507.
4 Enter the tax shown on the corporation's 2005 income tax return (see instructions) Caution : If the tax Is zero
or the tax year was for less than 12 months , skip this line and enter the amount from line 3 on line 5 4
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 r,98507
Part 11 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 The corporation is using the annualized income installment method
8 0 The co rp oration is a 'larcorp oration' fi g urin g first re q uired installment based on the p rior year's tax
104xr* 111 Vin,,rinn t hn I Inrlnrn 1umont
(a) (b) c d
9 Installment due dates . Enter in columns (a) through
(d) the 15th day of the 4th ( Form 990 - PF fliers:
Use 5th month ), 9th , and 12th months of the 9
corporation ' s 05/15/06 06/15/06 09/15/06 12/15/06
tax ytea
10 Required Installments . If the box on line 6 and /or line 7
above is checked , enter the amounts from Sch 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 col Special rules apply to
corporations with assets of $ 1 billion or more ( see Instr) 10 149627. 149627. 149626. 149627.
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 191000. 191000. 220000 .
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 41373. 82746.
13 Add lines 11 and 12 13 .232373. 82746. 220000.
14 Add amounts on lines 16 and 17 of the preceding column 14 6 6 880.
15 Subtract line 14 from line 13 . If zero or less , enter -0- 15 2 32 37 3 . 82 746 15 312 0 .
16 If the amount on line 15 Is zero, subtract line 13 from line
14 Otherwise , enter -0- 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 66880
18 Overpayment . If line 10 Is less than line 15, subtract line 10
from line 15 Then g o to line 12 of the next column 18 82 746 .
Go to Part IV on page 2 to figure the penalty Do not go to Part IV if there are no entries on line 17 - no penalty is owed.
JWA For Paperwork Reduction Act Notice , see separate Instructions . Form 2220 (2006)
612801
01-15-07
27
Form 990-PF
Form MO ( 2006 ) CARL & RUTH SHAPIRO FAMILY FOUNDATION 04-6135027 Page 2
Pert 13f 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 - PF and Form 990-T filers : Use 5th
month instead of 3rd month.) 19
20 Number of days from due date of Installment on line 9 to the
date shown on line 19 20
21 Number of days on line 20 after 4/1 512 006 and before 7/1/2006
22 Underpayment on line 17 x Number of days on line 21 x 7%

365
23 Number of days on line 20 after 6/30/2006 and before 4/1/2007
24 Underpayment on line 17 x Number of days on line 23 x 8%

365
25 Number of days online 20 after 3/31/2007 and before 7/1/2007
26 Underpayment on line 17 x Number of days on line 25 X'%

365
27 Number of days on line 20 after 6/30/2007 and before 10/1/2007 Seel Attached Worksheet
28 Underpayment on line 17 x Number of days on line 27 x

365
30 Underpayment on line 17 x Number of days on line 29 x

365
32 Underpayment on line 17 x Number of days on line 31 x •%

366
33 Add lines 22, 24, 26, 28, 30, end 32
34 Penalty . Add columns (a) through (d), of line 33 . Enter the total here and on Form 1120, line 33,
1275.
* For underpayments paid after March 31, 2007: 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 at www.irs .gov. You can also call 1-800-829-4933
to get interest rate information.
JWA Form 2220 (2006)
612802
01-15-07
28
Form 990-PF
UNDERPAYMENT OF ESTIMATED TAX WORKSHEET
Name ( s) Identifying Number

(A) (B) (C) (D ) ( E) (F)
Adjusted Number Days Daily
NDate Amount Balance Due Balance Due Penalty Rate Penalty
-0-
05/15/06 149627. 149627.
05/15/06 -191000. -41373.
06/12/06 -191000. -232373.
06/15/06 149627. -82746.
09/15/06 149626. 66880. 87 .000219178 1275.
12/11/06 -220000. -153120.
12/15/06 149627. -3493.
Penalty Due ( Sum of Column F) 1275.
• Date of estimated tax payment, withholding

credit date or installment due date
612511
05-01-06
29
OMB No 1545-0172
For4562 Depreciation and Amortization 990-PF

2006
(Including Information on Listed Property) Attachment
Internal Revenue Service ^ See separate instructions. ^ Attach to your tax return. Sequence No 67
Name (s) shown on return Business or activity to which this form relates Identifying number
CARL & RUTH SHAPIRO FAMILY FOUNDATION orm 990-PF Page 1 )4-6135027
IP 11 Election To Expense Certain Property Under Section 179 Note : If you have an v fisted property. complete Part V before >mplete Part /
1 Maximum amount. See the instructions for a higher limit for certain businesses 108000.
2 Total cost of section 179 property placed in service (see instructions) 2
3 Threshold cost of section 179 property before reduction in limitation 430000.
4 Reduction in limitation. Subtract line 3 from line 2. If zero or less, enter -0- 4
5 Dollar limitation for tax year Subtract line 4 from line 1 If zero or less, enter -0- If married filing separately , see Instructions 5
6 (a) Description of property (b) cost (business use only) (c) Elected cost
7 Listed property. Enter the amount from line 29 _ 1 7 1

8 Total elected cost of section 179 property. Add amounts in column (c), lines 6 and 7
9 Tentative deduction. Enter the smaller of line 5 or line 8 9
10 Carryover of disallowed deduction from line 13 of your 2005 Form 4562
11 Business income limitation. Enter the smaller of business income (not less than zero) or line 5
12 Section 179 expense deduction. Add lines 9 and 10, but do not enter more than line 11
13 Carryover of disallowed deduction to 2007. Add lines 9 and 10, less line 12 ^ 13
Note : Do not use Part ll or Part 111 below for listed property. Instead, use Part V.
Part It I Special Depreciation Allowance and Other Depreciation (Do not include listed propel
14 Special allowance for qualified New York Liberty or Gulf Opportunity Zone property (other than listed property)
placed in service during the tax year .
15 Property subject to section 168(f)(1) election
18 Other deorectatlon (including ACRS)
cart HII I MACRS Depreciation (Do not include listed property.) (See Instructions.)
Section A
17 MACRS deductions for assets placed in service in tax years beginning before 2006 . 17 333.
18 If you are electing to group any assets placed in service during the tax year Into one or more general asset accounts , check here ^
Section B - Assets Placed in Service During 2006 Tax Year Using the General Depreciation System
(b) Month and (c) Basis for depreciation
(a) Classification of property year placed (buslnesslnvestment use (d) Recovery
pe ri od ( e) Convention (f) Method (g) Depreciation deduction
in service only - see Instructions)
19a 3-year property

5-year p ro p ert y 430. 5 Yrs. MQ 200DB 22.
c 7-year propert y
10
O -year property
MM S/L 27.5 yrs.

h Residential rental property /
/ MM S/L 27.5 yrs.
/ 39 yrs. MM S/L
i Nonresidential real property /
MM S/L
Section C - Assets Placed in Service During 2006 Tax Year Using the Alternative Depreciation System
20a Class life S/L
b 12 ear 12 yrs. S/L
c 40-year 40 yrs. MM S/L
I partly I Summary (see instructions)
21 Listed property. Enter amount from line 28
22 Total . Add amounts from line 12, lines 14 through 17, lines 19 and 20 in column (g), and line 21.
Enter here and on the appropriate lines of your return. Partnerships and S corporations - see ins 355.
23 For assets shown above and placed in service during the current year, enter the
portion of the basis attributable to section 263A costs 23
e10-17-06 LHA For Paperwork Reduction Act Notice , see separate instructions. Form 4562 (2006)
30
Forrri 4562 (2006) CARL & RUTH S HAP I RO FAMILY FOUNDATION 04-6135027 Page 2
r Listed Property (Include automobiles, certain other vehicles, cellular telephones, certain computers, and property used for entertainment,
recreation, or amusement.)
Note: For any vehicle for which you are using the standard mileage rate or deducting lease expense, complete only 24a, 24b, columns (a)
through (c) of Section A, all of Section B, and Section C if applicable.
Section A - Depreciation and Other Information (Caution : See the instructions for limits for passenger automobiles.)
zga UU UU IIAVe UVIUYIIGM LU SUFI Ull the UUSlli bb/IIIVCbthhlClll use l:Io1111Bu I L_.l Tes II NO Z40 IT - T es - is Tne evide nce wnrten"r L J Yes I_-_J No
(a) (b) (c) (e) (0 (9) (h) (1)
Date Business/ (CO
Type of property Cost or
Basis for depredation Recovery Method/ Depreciation Elected
(list vehicles first) placed in investment (business/investment
period Convention deduction section 179
service use percentage other basis use only)
cost
25 Special allowance for qualified New York Liberty or Gulf Opportunity Zone property placed in service during the tax year
and used more than 50% in a q ualified business use 25
27 Prooertv u
S/L
% S/L
28 Add amounts in column (h), lines 25 through 27. Enter here and on line 21, page 1 28
29 Add amounts in column (i), line 26. Enter here and on line 7, page 1 29
Section B - Information on Use of Vehicles
Complete this section for vehicles used by a sole proprietor, partner, or other more than 5% owner," or related person.
If you provided vehicles to your employees, first answer the questions in Section C to see if you meet an exception to completing this section for
those vehicles.
(a) (b) (c) (d) (e) (f)

30 Total businesslinvestment miles driven during the Vehicle Vehicle Vehicle Vehicle Vehicle Vehicle
year (do not include commuting miles)
31 Total commuting miles driven during the year
32 Total other personal (noncommuting) miles
driven
33 Total miles driven during the year.
Add lines 30 through 32
34 Was the vehicle available for personal use Yes No Yes No Yes No Yes No Yes No Yes No
during off-duty hours?
35 Was the vehicle used primarily by a more
than 5% owner or related person?
36 Is another vehicle available for personal
use?
Section C - Questions for Employers Who Provide Vehicles for Use by Their Employees
Answer these questions to determine if you meet an exception to completing Section B for vehicles used by employees who are not more than 5%
owners or related persons.
37 Do you maintain a written policy statement that prohibits all personal use of vehicles, including commuting, by your Yes No
employees? .
38 Do you maintain a written policy statement that prohibits personal use of vehicles, except commuting, by your
employees? See the instructions for vehicles used by corporate officers, directors, or 1 % or more owners
39 Do you treat all use of vehicles by employees as personal use?
40 Do you provide more than five vehicles to your employees, obtain information from your employees about
the use of the vehicles, and retain the information received? .
41 Do you meet the requirements concerning qualified automobile demonstration use?
Note: If your answer to 37, 38, 39, 40, or 41 is "Yes, " do not complete Section B for the covered vehicles.
Amortization
(a) (b) Nc) (d) (e) (f)
Description of costs Daleamortful n Amortizable Code Amortzaton Amortization
begins amount section rieliod or pet ruSOE for this year
42 Amortization of costs that begins during your 2006 tax year:
43 Amortization of costs that began before your 2006 tax year 43

44 Total. Add amounts in column (f). See the instructions for where to report 44
616252/10.17-06 Form 4562 (2006)
31

2006 Carl & Ruth Shapiro Family Foundation 990 (Includes Madoff Investments)

Transféré par

Informations du document

Titre original

Copyright

Formats disponibles

Partager ce document

Partager ou intégrer le document

Options de partage

Avez-vous trouvé ce document utile ?

Ce contenu est-il inapproprié ?

Droits d'auteur :

Formats disponibles

2006 Carl & Ruth Shapiro Family Foundation 990 (Includes Madoff Investments)

Transféré par

Droits d'auteur :

Formats disponibles

s'

Form 990-PF Return of Private Foundation OMB No 1545-0052

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

Name of foundation A Employer Identification number

1 Contnbutlons , gifts, grants , etc , received 34968249 . N/A

6a Net pain or (loss) from sale of assets not on line 10 51597039 .

t) Less Cost of goods sold

c Gross profit or (loss)

14 Other employee salaries and wages 43048. 0. 43048.

Less' allowance for doubtful accounts ^

Less accumulated depre radon ^

12 Investments - mortgage loans

23 Total liabilities (add lines 17 throu g h 22 ) 978. 0.

If section 4940(d)(2) applies, leave this part blank.

2 Total of line 1 , column (d) 2 .221698

5 Multiply line 4 by line 3 . 5 9432685.

6 Enter 1 % of net investment income (I% of Part I, line 27b) 6 598507 .

8 Enter qualifying distributions from Part XII , line 4 8 10392765.

See Statement 13 75248. 10855. 0.

r v (b) Title and average (^Contnbueonsto ( e) Expense

Total number of other employees paid over $50,000 1 U

Total number of others receivin g over $50,000 for p rofessional services ^ 0

Part JX-8 Summa ry of Pro ram - Related Investments

All other program - related investments See instructions.

Total . Add lines 1 through 3 0.

Part Xl Qualifying Distributions (see instructions)

1 Amounts paid ( including administrative expenses ) to accomplish charitable , etc , purposes'

a Enter amount for 2005 only 0.

6 Enter the net total of each column as

h Prior years ' undistributed income Subtract

c Any submission deadlines

623601 /01-29- 07 Form 990-PF (2006)

SEE ATTACHED STATEMENT 416- 10159785.

(a) (b) J.c „_ ( d) Related or exempt

Pad XVI,-B Relationship of Activities to the Accomplishment of Exempt Purposes

623621 Form 990-PF (2006)

CARL & RUTH SHAPIRO FAMILY FOUNDATION 1 04-6135027

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 M 501(c)(3) exempt private foundation

0 4947(a)(1) nonexempt charitable trust treated as a private foundation

0 501(c)(3) taxable private foundation

Name of organization Employer identification number

CARL & RUTH SHAPIRO FAMILY FOUNDATION 04-6135027

(a) (b) (c) (d)

(a) (b) (c) (d)

(a) (b) (c) (d)

(a) (b) (c) (d)

4 CARL SHAPIRO Person

(a) (b) (c) (d)

5 RUTH SHAPIRO Person

(a) (b) (c) (d)

6 CARL SHAPIRO Person 0

CARL & RUTH SHAPIRO FAMILY FOUNDATION 04-6135027

(a) (b) (c) (d)

7 RUTH SHAPIRO Person OX

(a) (b) (c) (d)

(a) (b) (c) (CO

(a) (b) (c) (d)

(a) (b) (c) (CO

(a) (b) (c) (d)