990-pf returnofprivate...

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990-PF Return of Private Foundation OMB No 1545-0052 Form or Section 4947( a)(1) Nonexempt Charitable Trust 2007 Department of the Treasury Treated as a Private Foundation Internal Revenue Service (77) Note : The foundation may be able to use a copy of this return to satisfy state reporting requirements. For calendar year 2007 , or tax year beginning -^ , and ending r--r r n C'k,,J...II H..d a ..L. [1 Ind,nl .n1„ r 1 I [.....I ..J.. I I A . n`I d r.tn I I AAA , h-- 1 1 Alomn nhe Use the IRS Name of foundation A Employer identification number label. Otherwise , W ILLIAM H. PRUSOFF FOUNDATION 06-1601597 print Number and street (or P O box number if mail is not delivered to street address) Room/suite B Telephone number ortype. 880 OLD POST ROAD ( 203 ) 777-2509 See Specific Instructions City or town, state, and ZIP code C If exemption application is pending , check here . AIRFIELD CT 0 6 8 24 D 1- Foreign organizations, check here H Check type of organization: ® Section 501(c)(3) exempt private foundation 2. Foreign organizations meeting the 85% test, check here and attach computation Section 4947 ( a )( 1 ) nonexem p t charitable trust 0 Other taxable p rivate foundation E If rivate foundation status was terminated I Fair market value of all assets at end of year J Accounting method: ® Cash Accrual p under section 507(b)(1)(A), check here (from Part ll, col. (c), line 16) = Other (specify) F If the foundation is in a 60-month termination 00. $ 5 13 6 7 3 7 (Part 1, column (d) must be on cash basis.) under section 507 ( b )( 1 B), check here 0 Part I Analysis of Revenue and Expenses (a) Revenue and (b) Net investment (c) Adjusted net ( d) Disbursements (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a)) expenses per books income income for charitable purposes (cash basis only) 1 Contributions, gifts, grants, etc., received 428 , 800 2 Check ED the foundation is not required to attach Sch B Interest on savings and temporary 3 cash investments 99 , 349. 99 , 349. S TATEMENT 1 4 Dividends and interest from securities 104 , 195. 104 , 195. STATEMENT 2 5a Gross rents b Net rental income or (loss) 6a Net gain or (loss) from sale of assets not on line 10 127 , 265. z r., y -^ 7 a Gross sales price for all It assets on line 8a 615,872. 7 Capital gain net income (from Part IV, line 2) 127 , 265. 8 Net short-term capital gain 0 9 Income modifications Gross sales less returns IOa and allowances _ b Less Cost of goods sold c Gross profit or (loss) 11 Other income 12 Total. Add lines 1 throu g h 11 759 , 609. 330 , 809. 0. 13 Compensation of officers , directors , trustees, etc 0. 0. 0. 0. 14 Other employee salaries and wages 15 Pension plans, employee benefits y 16a Legal fees a b Accounting fees STMT 3 5 , 000. 5 , 000. 0. 0. W c Other professional fees 17 Interest 18 Taxes STMT 4 2 , 792. 2 , 792. 0. 0. 19 Depreciation and depletion 135. 0. 470. E 20 Occupancy a 21 Travel, conferences, and meetings r- 22 Printing and publications C 23 Other expenses STMT 5 777. 777. 0. 0. 24 Total operating and administrative co expenses . Add lines 13 through 23 8 , 704. 8 569. 470. 0. 25 Contributions, gifts, grants paid 613 , 420. 613 , 420. 0 26 Total expenses and disbursements. Add lines 24 and 25 622 124. 8,569. 470. 613 420. t 27 Subtract line 26 from line 12: Z a Excess of revenue over expenses and disbursements 137 485. b Net investment income (if negative, enter -0-) 322 , 240. c Adjusted net income (if negative, enter -0-) 0 o LHA For Privacy Act and Paperwork Reduction Act Notice, see the instructions . Form 990-PF (2007) sot 02-20-08 1 10190324 798927 FOUND 2007.05020 WILLIAM H. PRUSOFF FOUNDATI FOUND-1

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Page 1: 990-PF ReturnofPrivate Foundation990s.foundationcenter.org/990pf_pdf_archive/061/061601597/0616…990-PF ReturnofPrivate Foundation OMBNo 1545-0052 Form orSection 4947(a)(1) NonexemptCharitable

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

Formor Section 4947(a)(1) Nonexempt Charitable Trust 2007

Department of the Treasury Treated as a Private FoundationInternal Revenue Service (77)

Note : The foundation may be able to use a copy of this return to satisfy state reporting requirements.

For calendar year 2007 , or tax year beginning -^ , and ending r--r r

n C'k,,J...II H..d a ..L. [1 Ind,nl .n1„

r

1 I [.....I ..J.. I I A . n`I d r.tn I I AAA , h-- 1 1 Alomn nhe

Use the IRS Name of foundation A Employer identification number

label.Otherwise , WILLIAM H. PRUSOFF FOUNDATION 06-1601597

print Number and street (or P O box number if mail is not delivered to street address) Room/suite B Telephone numberortype. 880 OLD POST ROAD ( 203 ) 777-2509

See SpecificInstructions

City or town, state, and ZIP code C If exemption application is pending , check here.AIRFIELD CT 0 6 8 2 4 D 1- Foreign organizations, check here

H Check type of organization: ® Section 501(c)(3) exempt private foundation 2. Foreign organizations meeting the 85% test,check here and attach computation

Section 4947 (a )( 1 ) nonexemp t charitable trust 0 Other taxable p rivate foundation E If rivate foundation status was terminatedI Fair market value of all assets at end of year J Accounting method: ® Cash Accrual

punder section 507(b)(1)(A), check here

(from Part ll, col. (c), line 16) = Other (specify) F If the foundation is in a 60-month termination00. $ 5 13 6 7 3 7 (Part 1, column (d) must be on cash basis.) under section 507 ( b )( 1 B), check here 0

Part I Analysis of Revenue and Expenses (a) Revenue and (b) Net investment (c) Adjusted net ( d) Disbursements(The total of amounts in columns (b), (c), and (d) may notnecessarily equal the amounts in column (a)) expenses per books income income for charitable purposes

(cash basis only)

1 Contributions, gifts, grants, etc., received 428 , 800

2 Check ►ED the foundation is not required to attach Sch B

Interest on savings and temporary3 cash investments 99 , 349. 99 , 349. STATEMENT 14 Dividends and interest from securities 104 , 195. 104 , 195. STATEMENT 25a Gross rents

b Net rental income or (loss)

6a Net gain or (loss) from sale of assets not on line 10 127 , 265. z • r., y -^

7a

Gross sales price for allIt assets on line 8a 615,872.

7 Capital gain net income (from Part IV, line 2) 127 , 265.8 Net short-term capital gain 0

9 Income modificationsGross sales less returns

IOa and allowances_

b Less Cost of goods sold

c Gross profit or (loss)

11 Other income

12 Total. Add lines 1 throu g h 11 759 , 609. 330 , 809. 0.13 Compensation of officers , directors , trustees, etc 0. 0. 0. 0.

14 Other employee salaries and wages

15 Pension plans, employee benefitsy

16a Legal fees

a b Accounting fees STMT 3 5 , 000. 5 , 000. 0. 0.W c Other professional fees

17 Interest

18 Taxes STMT 4 2 , 792. 2 , 792. 0. 0.19 Depreciation and depletion 135. 0. 470.

E 20 Occupancy

a 21 Travel, conferences, and meetings

r- 22 Printing and publications

C 23 Other expenses STMT 5 777. 777. 0. 0.24 Total operating and administrative

co expenses . Add lines 13 through 23 8 , 704. 8 569. 470. 0.25 Contributions, gifts, grants paid 613 , 420. 613 , 420.

0 26 Total expenses and disbursements.

Add lines 24 and 25 622 124. 8,569. 470. 613 420.t 27 Subtract line 26 from line 12:Z

a Excess of revenue over expenses and disbursements 137 485.b Net investment income (if negative, enter -0-) 322 , 240.c Adjusted net income (if negative, enter -0-) 0

o LHA For Privacy Act and Paperwork Reduction Act Notice, see the instructions . Form 990-PF (2007)sot

02-20-08

110190324 798927 FOUND 2007.05020 WILLIAM H. PRUSOFF FOUNDATI FOUND-1

Page 2: 990-PF ReturnofPrivate Foundation990s.foundationcenter.org/990pf_pdf_archive/061/061601597/0616…990-PF ReturnofPrivate Foundation OMBNo 1545-0052 Form orSection 4947(a)(1) NonexemptCharitable

Form 990-PF (2007) WTT.T. T nM u DPT7-Q ww W )TTNnATTON 0A_1 Ant cQ7 Panel

-1 71 Balance Sheets Ached schedules and amounts In the description Beginning of year End of yearPart 1

column should be for end-ot-year amounts ony (a) Book Value (b) Book Value (c) Fair Market Value

1 Cash - non-interest-bearing

2 Savings and temporary cash investments 294 , 516. 291 , 861. 291 , 861.3 Accounts receivable ►

Less: allowance for doubtful accounts ►4 Pledges receivable ►

Less: allowance for doubtful accounts ►5 Grants receivable

6 Receivables 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

dU) 9 Prepaid expenses and deferred charges

10 a Investments - U.S. and state government obligations

b Investments - corporate stock

c Investments - corporate bonds

11 Investments - land, buildings , and equipmentbasis 11111'.

Less accumulated depreciation ►

12 Investments - mortgage loans

13 Investments - other

14 Land, buildings, and equipment basis ► 2 , 350.Less accumulated depreciation STMT 610- 2 , 282. 203. 68. 68.

15 Other assets (describe ► STATEMENT 7 4 , 600 , 078. 4 , 740 , 353. 4 , 844 , 808.

16 Total assets to be com p leted b y all filers 4 , 894 , 797. 5 , 032 , 282. 5 , 136 , 737.17 Accounts payable and accrued expenses

18 Grants payable

19 Deferred revenue

20 Loans from officers, directors , trustees , and other disqualified persons

coo 21 Mortgages and other notes payable

J 22 Other liabilities (describe ► )

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

Foundations that follow SFAS 117, check here ► 0and complete lines 24 through 26 and lines 30 and 31.

N

24 Unrestricted

25 Temporarily restrictedmm 26 Permanently restricted

Foundations that do not follow SFAS 117, check here ►LLit and complete lines 27 through 31.

° 27 Capital stock, trust principal, or current funds 0. 0.

28 Paid-in or capital surplus, or land, bldg., and equipment fund 0. 0.

a 29 Retained earnings, accumulated income, endowment, or other funds 4 , 894 , 797. 5 1 032 , 282.Z 30 Total net assets or fund balances 4 , 894 , 797. 5 , 032 , 282.

31 Total liabilities and net assets/fund balances 4 , 894 , 797. 1 5 , 032 , 282. 1

Part III Analysis of Changes in Net Assets or Fund Balances

1 Total net assets or fund balances at beginning of year - Part II, column (a), line 30

(must agree with end-of-year figure reported on prior year's return)

2 Enter amount from Part I, line 27a

3 Other increases not included in line 2 (itemize) ►4 Add lines 1, 2, and 3

5 Decreases not included in line 2 (itemize) ►6 Total net assets or fund balances at end of year (line 4 minus line 5) - Part II, column (b), line 30

4.894.797.

282.

723511Form 990-PF (2007)

02-2o-08

210190324 798927 FOUND 2007.05020 WILLIAM H. PRUSOFF FOUNDATI FOUND-1

Page 3: 990-PF ReturnofPrivate Foundation990s.foundationcenter.org/990pf_pdf_archive/061/061601597/0616…990-PF ReturnofPrivate Foundation OMBNo 1545-0052 Form orSection 4947(a)(1) NonexemptCharitable

Form 990-PF (2007) WILLIAM H. PRUSOFF FOUNDATION 06-1601597 Page 3Part IV Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate,2-story brick warehouse; or common stock, 200 shs. MLC Co.)

(b How acquiredPurchase

D Donation

(c Date acquired^mo., day, yr.)

(d) Date sold(mo., day, yr.)

18

b SEE ATTACHED STATEMENTc

d

e

(e) Gross sales price (f) Depreciation allowed(or allowable)

(g) Cost or other basisplus expense of sale

(h) Gain or (loss)(e) plus (f) minus (g)

a

b

c

d

e 615 , 872. 1 1 488 607. 127 265.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(j) Adjusted basisas of 12/31/69

(k) Excess of col. (i)over col. (I), if any

col. (k), but not less than -0Losses (from col. (h))

-) or

ab

c

d

e 127 265.

IfCapital gain net income or capital loss)

f gain, also enter in Part I, line 7g (net p t If (loss) enter -0- in Part I line 7 ) 2 127 , 265.

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

Part V Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

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

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base periods Yes ® No

If 'Yes; the foundation does not qualify under section 4940 ( e). Do not complete this part.1 Enter the appropriate amount in each column for each year; see instructions before making any entries.

Base period yearsCalendar year or tax year be g innin g Adjusted quak

(bing distributions

(0Net value of noncharitable-use assets

Distribution ratio(col. (b) divided by col. (c))

2006 951 856. 0. .0000002005 1 , 144 , 511. 4 , 391 , 266. .2606332004 809 837. 4 , 391 , 266. .1844202003 638 657. 2 , 981 , 368. .2142162002 547 245. 2 , 188 , 884. .250011

2 Total of line 1, column (d) 2 . 9 0 9 2 8 03 Average distribution ratio for the 5-year base period - divide the total on line 2 by 5,

the foundation has been in existence if less than 5 years

or by the number of years

3 . 181856

4 Enter the net value of noncharitable-use assets for 2007 from Part X, line 5 4

5 Multiply line 4 by line 3 5 0.

6 Enter 1% of net investment income (1% of Part I, line 27b) 6 3 222.

7 Add lines 5 and 6 7 3 222.

8 Enter qualifying distributions from Part XII, line 4 8 613 420.If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate.See the Part VI instructions.

723521/02-20-08 Form 990-PF (2007)3

10190324 798927 FOUND 2007.05020 WILLIAM H. PRUSOFF FOUNDATI FOUND-1

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Farm 990-PF (2007) WILLIAM H. PRUSOFF FOUNDATION 06-1601597 Page 4Part VI Excise Tax Based on Investment Income (Section 4940(a). 4940(b), 4940(e), or 4948 - see instructions)

la Exempt operating foundations described in section 4940(d)(2), check here ►U 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 ►® and enter 1% 1 3 , 222.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 3 , 222.

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 3 , 222.6 Credits/Payments:

a 2007 estimated tax payments and 2006 overpayment credited to 2007 6a

b Exempt foreign organizations - tax withheld at source 6b 1 , 314.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 1 , 314.

8 Enter any penalty for underpayment of estimated tax. Check here = if Form 2220 is attached 8 146.9 Tax due . If the total of lines 5 and 8 is more than line 7, enter amount owed ► 9 2 054.

10 Overpayment . If line 7 is more than the total of lines 5 and 8, enter the amount overpaid ► 10

11 Enter the amount of line 10 to be: Credited to 2008 estimated tax 00 Refunded Jim, 11

Part VII-A Statements Regarding Activities

1a During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in Yes Noany political campaign? is X

b Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see instructions for definition)? lb X

If the answer is "Yes" to 1a or 1b, attach a detailed descnption of the activities and copies of any materials publishe

distributed by the foundation in connection with the activities.

c Did the foundation file Form 1120-POL for this year?

d or

1c X

d Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. ► $ 0 . (2) On foundation managers. Do- $ 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

5 Was there a liquidation, termination, dissolution, or substantial contraction during the year?

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?

7 Did the foundation have at least $5,000 in assets at any time during the year?

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) ►CT

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 G9 If "No," attach explanation

9 Is the foundation claiming status as a private operating foundation within the meaning of section 4942(l)(3) or 4942(I)(5) for calendar

year 2007 or the taxable year beginning in 2007 (see instructions for Part XIV)? If "Yes, " complete Part XIVin fin nnv nercnnc hernme cuhcantini nnntnhutnre rinnnn tho tav vaar9

Form 990-PF (2007)

72353102-20-08

410190324 798927 FOUND 2007.05020 WILLIAM H. PRUSOFF FOUNDATI FOUND-1

Page 5: 990-PF ReturnofPrivate Foundation990s.foundationcenter.org/990pf_pdf_archive/061/061601597/0616…990-PF ReturnofPrivate Foundation OMBNo 1545-0052 Form orSection 4947(a)(1) NonexemptCharitable

)orm 990-PF (2007) WILLIAM H. PRUSOFF FOUNDATION 06-16 01597 Page 5Part VII-A 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 1la' N/A I lb

12 Did the foundation acquire a direct or indirect interest in any applicable insurance contract2 12 X

13 Did the foundation comply with the public inspection requirements for its annual returns and exemption application? 13 X

Website address ► N/A14 The books are in care of ► MORRIS KLEIN CPA Telephone no. ► (203 ) 7 7 7 - 2 5 0 9

Located at ► 3 3 WHITNEY AVENUE NEW HAVEN, CT ZIP+4 ►0 6 51015 Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 - Check here ►

and enter the amount of tax-exem p t interest received or accrued durin the year 00-1 15 N /APart VII-B 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

1a During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? Yes ® No

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person9 Yes ® No

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? Yes ® No

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? Yes ® No

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? =Yes ®No

(6) Agree to pay money or property to a government 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.) Yes ® No

b If any answer is Yes to la(1)-(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 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 ►c Did the foundation engage in a prior year in any of the acts described in la, other than excepted acts, that were not corrected

before the first day of the tax year beginning in 20077 he X

Taxes on failure to distribute income ( section 4942 ) ( does not apply for years the foundation was a private operating foundation

defined in section 4942 ( l)(3) or 4942 (l )(5)):

a At the end of tax year 2007, did the foundation have any undistributed income ( lines 6d and 6e, Part XIII ) for tax year ( s) beginning

before 2007? Q Yes ® 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 income9 (If applying section 4942(a)(2) to all years listed , answer ' No' and attach

statement - see instructions.) N/A

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 year9 Yes ® No

b If 'Yes ,' did it have excess business holdings in 2007 as a result of ( 1) any purchase by the foundation or disqualified persons after

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 2007.) N/A

4a Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

b Did the foundation make any investment in a prior year ( but after December 31, 1969 ) that could jeopardize its charitable purpose that

Form 990-PF (2007)

72354102-20-07

5

10190324 798927 FOUND 2007.05020 WILLIAM H. PRUSOFF FOUNDATI FOUND-1

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E Part VII-B I 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))? 0 Yes ®No

(2) Influence the outcome of any specific public election ( see section 4955); or to carry on , directly or indirectly,

any voter registration drlve2 0 Yes ® No

(3) Provide a grant to an individual for travel, study , or other similar purposes' Yes ® 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 ® 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? Yes ® No

b If any answer is 'Yes' to 5a ( 1)-(5), did any of the transactions fail to qualify under the exceptions described in Regulations

section 53.4945 or in a current notice regarding disaster assistance ( see instructlons)2 N/A

Organizations relying on a current notice regarding disaster assistance check here ►0c 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 Yes 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 ® No

b Did the foundation , during the year, pay premiums , directly or indirectly , on a personal benefit contract?

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? 0 Yes ® No

7b

Part Vlll Information About Officers, Directors, Trustees, Foundation Managers, HighlyPaid Employees, and Contractors

I List all officers. directors. trustees. foundation managers and their comoensation.

(a) Name and address(b) Title, and average

hours per week devotedto p osition

(C) Compensation( If not paid ,enter -0 -)

(d) Contributions toemployee benefit plans

comansaton

( e) Exp enseaccount, otherallowances

ALVIN PRUSOFF TRUSTEE

880 OLD POST ROAD

FAIRFIELD , CT 06824 0.00 0. 0. 0.LAURA PRUSOFF TRUSTEE46 DEFOREST DRIVEBRANFORD , CT 06405 0.00 0. 0. 0.

2 Compensation of five hiahest-paid emnlovees (other than those included on line 11. If none. enter "NONE-'-

(a) Name and address of each employee paid more than $50,000(b ) Title and average

flours per weekdevoted to position

(c) Compensation(d) Contributions toemp ands ete re plans

compensation

(e) Expenseaccount, otherallowances

NONE

Total number of other employees paid over $50,000 ► 1 0Form 990-PF (2007)

72355102-20-08

610190324 798927 FOUND 2007.05020 WILLIAM H. PRUSOFF FOUNDATI FOUND-1

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lFcrm 990-PF (2007) WILLIAM H. PRUSOFF FOUNDATION 06-1601597 Page 7

Part VIII Information About Officers , Directors , Trustees, Foundation Managers , HighlyPaid 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

Part IX-A Summary of Direct Charitable Activities

List the foundation's four largest direct charitable activities during the tax year. Include relevant statistical information such as thenumber of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses

1 N /A

2

3

4

Part IX-B I Summary of Proaram -Related InvestmentsDescribe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount

1 N / A

2

All other program-related investments. See instructions.

3

Total. Add lines 1 through 3 ► 0.

Form 990-PF (2007)

72358102-20-08

10190324 798927 FOUND 2007.05020 WILLIAM H. PRUSOFF FOUNDATI FOUND-1

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Form 990-PF (2007) WILLIAM H. PRUSOFF FOUNDATION 06-1601597 Page 8

Part X Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations , see instructions)

1 Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes:

a Average monthly fair market value of securities

b Average of monthly cash balances

c Fair market value of all other assets

d Total (add lines la, b, and c)

0.

e Reduction claimed for blockage or other factors reported on lines la 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 0.

4 Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see instructions) 4

5 Net value of noncharitable - use assets . Subtract line 4 from line 3. Enter here and on Part V, line 4 5 0.

6 Minimum investment return . Enter 5% of line 5 6 0.

Part XIDistributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operat ing foundations and certain

foreign organizations check here ► 0 and do not complete this part.)

1 Minimum investment return from Part X, line 6 1 0.

2a Tax on investment income for 2007 from Part VI, line 5 2a 3 , 222.b Income tax for 2007. (This does not include the tax from Part VI.) 2b

c Add lines 2a and 2b 2c 3 , 222 .3 Distributable amount before adjustments. Subtract line 2c from line 1 3 0

4 Recoveries of amounts treated as qualifying distributions 4 0

5 Add lines 3 and 4 5 0

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 0

Part XI 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 Is 613 , 420.b Program-related investments - total from Part IX-B ib 0.

2 Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc., purposes 2

3 Amounts set aside for specific charitable projects that satisfy the:

a Suitability test (prior IRS approval required) 3a

b Cash distribution test (attach the required schedule) 3b

4 Qualifying distributions . Add lines la through 3b. Enter here and on Part V, line 8, and Part XIII, line 4 4 613 , 420.5 Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b 5 3 , 222.

6 Adjusted qualifying distributions . Subtract line 5 from line 4 6 610 , 198.

Note : The amount on line 6 will be used in Part V, column (b), in subsequent years when calcula ting whether the foundation qualifies for the section4940(e) reduction of tax in those years.

Form 990-PF (2007)

72357102-20-08

810190324 798927 FOUND 2007.05020 WILLIAM H. PRUSOFF FOUNDATI FOUND-1

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Form 990-PF (2007) WILLIAM H. PRUSOFF FOUNDATION 06-1601597 Page 9

Part XIII Undistributed Income (see instructions)

(a) (b) (c)Corpus Years prior to 2006 2006

(d)2007

1 Distributable amount for 2007 from Part XI,

line 7

2 Undistributed income, if any, as of the end of 2008

a Enter amount for 2006 only

b Total for prior years:

3 Excess distributions carryover, if any, to 2007:

a From 2002 438 , 311.bFrom2003 490 745.c From 2004 811 , 786 .dFrom2005 929 , 926.e From 2006 954 , 500.f Total of lines 3a through e

4 Qualifying distributions for 2007 from

Part Xll,line 613, 420.

a Applied to 2006, but not more than line 2a

b Applied to undistributed income of prior

years (Election required - see instructions)

c Treated as distributions out of corpus

(Election required - see instructions)

d Applied to 2007 distributable amount

e Remaining amount distributed out of corpus

5 Excess distributions carryover applied to 2007(if an amount appears in column (d), the same amount

must be shown in column (a) )

6 Enter the net total of each column asindicated below:

a Corpus Add lines 31 , 4c, and 4e Subtract line 5

b Prior years' undistributed income. Subtract

line 4b from line 2b

c Enter the amount of prior years'undistributed income for which a notice ofdeficiency has been issued, or on whichthe section 4942(a) tax has been previouslyassessed

d Subtract line 6c from line 6b. Taxable

amount - see instructions

e Undistributed income for 2006. Subtract line

4a from line 2a. Taxable amount - see instr.

f Undistributed income for 2007. Subtract

lines 4d and 5 from line 1. This amount must

be distributed in 2008

7 Amounts treated as distributions out of

corpus to satisfy requirements imposed by

section 170(b)(1)(F) or 4942(g)(3)

8 Excess distributions carryover from 2002

not applied on line 5 or line 7

9 Excess distributions carryover to 2008.

Subtract lines 7 and 8 from line 6a

10 Analysis of line 9:

a Excess from 2003 490 , 745.b Excess from 2004 811 , 786.c Excess from 2005 929 , 926.d Excess from 2006 954.500.

72358102-20-08

10190324 798927 FOUND

0.

0.

0.

0.

0.

0.

Form 990-PF (2007)

92007.05020 WILLIAM H. PRUSOFF FOUNDATI FOUND-1

Page 10: 990-PF ReturnofPrivate Foundation990s.foundationcenter.org/990pf_pdf_archive/061/061601597/0616…990-PF ReturnofPrivate Foundation OMBNo 1545-0052 Form orSection 4947(a)(1) NonexemptCharitable

Form 990-PF 2007 WILLIAM H. PRUSOFF FOUNDATION 06-1601597 Page 10Part XIV Private Operating Foundations (see 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 2007, enter the date of the ruling ►b Check box to indicate whether the foundation is a p rivate o p eratin g foundation described in section 0 4942(1)( 3 ) or CI 4942(j)(5)

2 a Enter the lesser of the adjusted net Tax year Prior 3 years

income from Part I or the minimum (a) 2007 (b) 2006 (c) 2005 (d) 2004 ( 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 2c3 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 qualifyingunder section 4942(j)(3)(B)(i)

b 'Endowment' alternative test - enter2/3 of minimum investment returnshown in Part X, line 6 for each yearlisted

c 'Support' alternative test - enter:

(1) Total support other than grossinvestment income (interest,dividends, rents, payments onsecurities loans (section512(a)(5)), or royalties)

(2) Support from general publicand 5 or more exemptorganizations as provided insection 4942(I)(3)(B)(ui)

(3) Largest amount of support from

an exempt organization

( 4 ) Gross investment income

Part XV Supplementary Information (Complete this part only if the foundation had $5,000 or more in assetsat any time during the year-see 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 taxyear (but only if they have contributed more than $5,000). (See section 507(d)(2).)

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 orother entity) of which the foundation has a 10% or greater interest.

2 Information Regarding Contribution, Grant , Gift, Loan, Scholarship, etc., Programs:

Check here ►® if the foundation only makes contributions to preselected charitable organizations and does not accept unsolicited requests for funds. Ifthe 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:

723801/02-20-08 Form 990-PF (2007)

1010190324 798927 FOUND 2007.05020 WILLIAM H. PRUSOFF FOUNDATI FOUND-1

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Form 990-PF

Information

3 Grants and Contributions Paid Durin the Year or Approved for Future Pa ent

Recipient If recipient is an individual,show any relationship to Foundation Purpose of grant or

f status of contribution AmountName and address (home or business) any oundation manager

tor substantial contributor recipien

a Paid dunng the year

SEE STATEMENT 8Total ► 3a 613 , 420.

b Approved for future payment

NONE

Total ► 3b 1 0.723811/02-20-08 Form 990-PF (2007)

11

10190324 798927 FOUND 2007.05020 WILLIAM H. PRUSOFF FOUNDATI FOUND-1

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-Form 990-PF (2007) WILLIAM H. PRUSOFF FOUNDATION 06-1601597 Page 12

Part XVI-A Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated Unrelated business income Exclu ded by section 512 , 513 , or 514 (e).

1 Program service revenue:

(a)Businesscode

(b)Amount

Eicr„-5ioncode

(d)Amount

Related or exemptfunction income

a

b

cd

ef

g Fees and contracts from government agencies

2 Membership dues and assessments

3 Interest on savings and temporary cashinvestments 14 99 , 349.

4 Dividends and interest from securities 14 104 , 195.5 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 otherthan inventory 03 1 127 , 265.

9 Net income or (loss) from special events

10 Gross profit or (loss) from sales of inventory

11 Other revenue:

a

b

cd

e F12 Subtotal. Add columns (b), (d), and (e) 0. 330 , 809. 1 0.13 Total. Add line 12, columns (b), (d), and (e) 13 33T,809.

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B Relationship of Activities to the Accomplishment of Exempt Purposes

1210190324 798927 FOUND 2007.05020 WILLIAM H. PRUSOFF FOUNDATI FOUND 1

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Form 990-PF (2007) WILLIAM H. PRUSOFF FOUNDATION 06-1601597 Pa a 13Part XVII Information Regarding Transfers To and Transactions and Relationships With Noncharitable

Exempt Organizations

1 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 noncharitable exempt organization of.

(1) Cash 180 ) X

(2) Other assets 1a 2 X

b Other transactions:

(1) Sales of assets to a noncharitable exempt organization lb ( l ) X

(2) Purchases of assets from a noncharitable exempt organization 1b 2 X

(3) Rental of facilities, equipment, or other assets lb ( 3 ) X

(4) Reimbursement arrangements lb ( 4 ) X

(5) Loans or loan guarantees lb ( 5 ) X

(6) Performance of services or membership or fundraising solicitations - lb ( 6 ) X

c Sharing of facilities, equipment, mailing lists, other assets, or paid employees is X

d If the answer to any of the above is 'Yes, complete the following schedule. Column (b) should always show the fair market value of the goods, ot

or services given by the reporting foundation. If the foundation received less than fair market value in any transaction or sharing arrangement, sh

her assets,

ow in

(a) Name of organization (b) Type of organization (c) Description of relationship

N /A

Under penalties of per, , I declare t t I h e examined this return , including accompanying schedules and statements , and to the best of my knowledge and belief, it is true, correct,

and complete Dec,. i n of prepar r th h taxpayer or fiduciary ) is based on all information of which preparer has any knowledge

Signature of officer or trustee D.

OfPreparer's' "

y signature Q ^ I

any Firm'sname (oryours MORRIS K IN, CPAa 11 sell-employed ), 33 WHI TN AVENUE

address, and ZAP code NEW HAVEN , CT 06510

72382202-20-08

10190324 798927 FOUND 2007.05020

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 5279 0 Yes 0 Noh if 'Vee ' rmmnloto the fnllnunnn erhorliilo

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'Schedule B(Form 990,990-EZ,

or 990-PF)

Department of the TreasuryInternal Revenue Service

Schedule of Contributors

Supplementary Information for

line 1 of Form 990, 990-EZ, and 990-PF (see instructions)

OMB No 1545-0047

2007Name of organization

Organization type (check one):

Filers of: Section:

Form 990 or 990-EZ Q 501 (c)( ) (enter number) organization

Q 4947(a)(1) nonexempt charitable trust not treated as a private foundation

0 527 political organization

Form 990-PF ® 501(c)(3) exempt private foundation

El 4947(a)(1) nonexempt chartable trust treated as a private foundation

0 501(c)(3) taxable private foundation

Employer identification number

-1601597

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-

For organizations filing Form 990, 990-EZ, or 990-PF that received , during the year , $5,000 or more (in money or property) from any one

contributor (Complete Parts I and II.)

Special Rules-

For a section 501 (c )(3) organization filing Form 990 , or Form 990- EZ, that met the 33 1 /3% support test of the regulations under

sections 509(a)(1)/170(b)(1)(A)(vl ), 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 )

Q 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 111.)

Q 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) 11110. $

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 B (Form 990 , 990-EZ , or 990 - PF) (2007)for Form 990, Form 990- EZ, and Form 990-PF.

723451 12-27-07

1410190324 798927 FOUND 2007.05020 WILLIAM H. PRUSOFF FOUNDATI FOUND-1

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Schedule B (Form 990, 990-EZ, or

Name of organization

Part I Contributors (See Specific Instructions)

of 1 of Part I

Employer identification number

(a)

No.(b)

Name , address , and ZIP + 4

(c)

Aggregate contributions

(d)

Type of contribution

1 YALE UNIVERSITY - ROYALTIES Person Eil

333 CEDAR STREET $ 428,800.Payroll Q

Noncash

NEW HAVEN, CT 06510(Complete Part II if thereis a noncash contribution.)

(a)

No.

(b)

Name, address, and ZIP + 4

(c)

Aggregate contributions

(d)

Type of contribution

Person

$

Payroll

Noncash

(Complete Part II If thereis a noncash contnbution.)

(a)

No.

(b)

Name , address, and ZIP + 4

(c)

Aggregate contributions

(d)

Type of contribution

Person

$

Payroll

Noncash

(Complete Part II if thereis a noncash contribution)

(a)

No.

(b)

Name, address, and ZIP + 4

(c)

Aggregate contributions

(d)

Type of contribution

Person

$

Payroll

Noncash

(Complete Part II if there

is a noncash contribution.)

(a)

No.

(b)

Name, address, and ZIP + 4

(c)

Aggregate contributions

(d)

Type of contribution

Person

$

Payroll

Noncash

(Complete Part II if thereis a noncash contnbution)

(a)

No.

(b)

Name, address, and ZIP + 4

(c)

Aggregate contributions

(d)

Type of contribution

Person

$

Payroll fl

Noncash

(Complete Part II if there

is a noncash contribution.)

723452 12-27-07 Schedule B (Form 990. 990-EZ . or 990 - PF) (2007)

1510190324 798927 FOUND 2007.05020 WILLIAM H. PRUSOFF FOUNDATI FOUND-1

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CONTINUATION FOR 990-PF, PART IVWILLIAM H. PRUSOFF FOUNDATION 06-1601597 PAGE 1 OF 11.Part IV Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind (s) of property sold, e.g., real estate ,2-story brick warehouse ; or common stock , 200 shs . MLC Co.

( b L How acquiredI' - PurchaseD - Donation

( c) Date acquired(mo., day, yr.)

( d) Date sold(mo., day, yr.)

la CD BBVA PUERTO RICO 07 / 06 / 0 0620 07bPIMCO COMMODITY REALTY 12 / 29 / 0 0620 07c PIMCO COMMODITY REALTY 09 / 21 / 06 06 / 20 / 07d CD MERRILL LYNCH BANK US 10 / 06 / 03 10 / 15 / 07e BLACKROCK FNDMTL GR PP B 11 / 08 / 02 08 / 08 / 07f BLACKROCK BASIC VALUE PP B P 11 / 08 / 02 08 / 08 / 07BLACKROCK CORE PP FUND B P 02 / 25 / 03 08 / 08 / 07

h OPPENHEIMER SMALL & MIDCAP VALUE P 12 / 09 / 05 09 / 07 / 07i OPPENHEIMER SMALL & MIDCAP VALUE P 12 08 06 09 / 07 / 07CAPITAL GAINS DIVIDENDS

k

m

n

0

(e) Gross sales price ( f) Depreciation allowed(or allowable )

( g) Cost or other basisplus expense of sale

( h) Gain or (loss)( e) plus (f) minus (g)

a 97 , 770. 98 , 000. <230.b 93 , 881. 111 411. <17 , 530.C 3 , 482. 3 , 389. 93.d 98 , 000. 98 , 000. 0.e 16 , 291. 15 , 580. 711.f 24 , 193. 19 , 390. 4 , 803.

36 , 518. 30 , 360. 6 , 158.h 131 275. 105 774. 25 , 501.

1 7 , 247. 6 , 703. 544.107 215. 107 215.

k

m

n

0Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (I) Losses (from col. (h))

(i) F.M.V. as of 12/31/69(j) Adjusted basisas of 12/31/69

(k) Excess of col. (i)over col. (1), if any

Gains ( excess of col. (h) gain over col. (k),but not less than '-0-')

a <230.b <17 , 530. .c 93.d 0.e 711.f 4 , 803.

6 , 158.h 25 , 501.

544.107 215.

k

I

mn

0

IfCapital gain net income or capital loss)

f gain , also enter in Part I, line 7g (net p { If (loss ), enter ' -0-' in Part I, line 7 ) 2 127 , 265.

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

72359104-27-07

1610190324 798927 FOUND 2007.05020 WILLIAM H. PRUSOFF FOUNDATI FOUND-1

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2007 DEPRECIATION AND AMORTIZATION REPORT

FORM 990-PF PAGE 1 990-PF

AssetNo Description

DateAcquired Method Life

LineNo

UnadjustedCost Or Basis

Bus %Excl

Reduction InBasis

Basis ForDepreciation

AccumulatedDepreciation

CurrentSec 179

Current YearDeduction

OMPUTER ANDCCESSORIES 05 12 03 200D 5.00 17 2,350. 1,175. 1,175. 972. 135.

* TOTAL 990-PF PG 1EPR 2,350. 1,175. 1,175. 972. 0. 135.

72810204-27-07 (D) - Asset disposed * ITC, Section 179, Salvage, Bonus, Commercial Revitalization Deduction, GO Zone

17

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WILLIAM H. PRUSOFF FOUNDATION 06-1601597

FORM 990-PF INTEREST ON SAVINGS AND TEMPORARY CASH INVESTMENTS STATEMENT 1

SOURCE

FEDERAL NATIO]MERRILL LYNCHMERRILL LYNCHMERRILL LYNCH

TOTAL TO FORM

VAL MORTGAGE ASSOCIATION- CORPORATE BONDSBANK CD'SBANKING ADVANTAGE

990-PF, PART I, LINE 3, COLUMN A

AMOUNT

18,875.51,333.23,195.5,946.

99,349.

FORM 990-PF DIVIDENDS AND INTEREST FROM SECURITIES STATEMENT 2

SOURCE

MERRILL LYNCH #812-04K15

TOTAL TO FM 990-PF, PART I, LN 4

CAPITAL GAINS COLUMN (A)GROSS AMOUNT DIVIDENDS AMOUNT

211,410. 107,215. 104,195.

211,410. 107,215. 104,195.

FORM 990-PF ACCOUNTING FEES STATEMENT 3

(A) (B) (C) (D)EXPENSES NET INVEST- ADJUSTED CHARITABLE

DESCRIPTION PER BOOKS MENT INCOME NET INCOME PURPOSES

ACCOUNTING 5,000. 5,000. 0. 0.

TO FORM 990-PF, PG 1, LN 16B 5,000. 5,000. 0. 0.

FORM 990-PF TAXES STATEMENT 4

(A) (B) (C) (D)EXPENSES NET INVEST- ADJUSTED CHARITABLE

DESCRIPTION PER BOOKS MENT INCOME NET INCOME PURPOSES

FEDERAL INCOME TAX 2,792. 2,792. 0. 0.

TO FORM 990-PF, PG 1, LN 18 2,792. 2,792. 0. 0.

18 STATEMENT(S) 1, 2, 3, 410190324 798927 FOUND 2007.05020 WILLIAM H. PRUSOFF FOUNDATI FOUND-1

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WILLIAM H. PRUSOFF FOUNDATION 06-1601597

FORM 990-PF OTHER EXPENSES STATEMENT 5

DESCRIPTION

ANNUAL FEESOFFICE EXPENSE AND SUPPLIES

TO FORM 990-PF, PG 1, LN 23

(A) (B)EXPENSES NET INVEST-PER BOOKS MENT INCOME

150. 150.627. 627.

777. 777.

BOOK VALUE

4,737,303.3,050.

(C)ADJUSTED

NET INCOME

0.0.

0.

FORM 990-PF DEPRECIATION OF ASSETS NOT HELD FOR INVESTMENT STATEMENT 6

COST OR ACCUMULATEDDESCRIPTION OTHER BASIS DEPRECIATION

COMPUTER AND ACCESSORIES 2,350. 2,282.

TOTAL TO FM 990-PF, PART II, LN 14 2,350. 2,282.

FORM 990-PF OTHER ASSETS STATEMENT 7

DESCRIPTION

INVESTMENTS FUNDS AND SECURITIESDIVIDENDS RECEIVABLE

TOTAL TO FORM 990-PF, PART II, LINE 15

BOOK VALUE

0.

68.

68.

FAIR MARKETVALUE

4,841,758.3,050.

4,740,353. 4, 844,808.

(D)

CHARITABLE

PURPOSES

0.0.

19 STATEMENT(S) 5, 6, 710190324 798927 FOUND 2007.05020 WILLIAM H. PRUSOFF FOUNDATI FOUND-1

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WILLIAM H. PRUSOFF FOUNDATION 06-1601597

FORM 990-PF GRANTS AND CONTRIBUTIONS STATEMENT 8PAID DURING THE YEAR

RECIPIENT RELATIONSHIP RECIPIENTRECIPIENT NAME AND ADDRESS AND PURPOSE OF GRANT STATUS AMOUNT

AGENCY ON AGING OF SOUTH CENTRAL NONE OTHERCONNECTICUT PUBLIC

CHARITY 3,000.ONE LONG WHARF DRIVE, NEW HAVEN, PHILANTHROPICCT 06511

AMERICAN JEWISH WORLD SERVICE NONE OTHERPUBLICCHARITY 3,000.

45 WEST 36TH STREET, NEW YORK, NY PHILANTHROPIC10018

ANTI DEFLAMATION LEAGUE NONE OTHERPUBLICCHARITY 15,000.

1952 WHITNEY AVENUE, HAMDEN, CT PHILANTHROPIC06514

BRANFORD LAND TRUST NONE OTHERPUBLICCHARITY 3,000.

P.O. BOX 254, BRANFORD, CT 06405 PHILANTHROPIC

CINE QUA NON NONE OTHERPUBLICCHARITY 10,000.

347 WEST 36TH STREET SUITE 901, PHILANTHROPICNEW YORK, NY 10018

COMMITTEE AGAINST ANTI ASIAN NONE OTHERVIOLENCE PUBLIC

CHARITY 25,000.2473 VALENTINE AVENUE, BRONX, NY PHILANTHROPIC10451

CONNECTICUT FOOD BANK NONE OTHERPUBLICCHARITY 5,000.

P.O. BOX 8686, NEW HAVEN, CT PHILANTHROPIC06531

20 STATEMENT(S) 810190324 798927 FOUND 2007.05020 WILLIAM H. PRUSOFF FOUNDATI FOUND-1

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WILLIAM H. PRUSOFF FOUNDATION

CONNECTICUT HOSPICE NONE

100 DOUBLE BEACH ROAD, BRANFORD, PHILANTHROPICCT 06405

BREWSTER TECHNICAL CENTER NONE

9851 BRIDGETON DRIVE, TAMPA, FL PHILANTHROPIC33626

DOCTORS WITHOUT BORDERS NONE

6 EAST 39TH STREET, NEW YORK, NY PHILANTHROPIC

10016

EASTER SEALS GOODWILL INDUSTRIES NONE

95 HAMILTON STREET, NEW HAVEN, CT PHILANTHROPIC06511

FAIRFIELD HISTORICAL SOCIETY NONE

636 OLD POST ROAD, FAIRFIELD, CT PHILANTHROPIC06824

MARROW FOUNDATION

400 7TH STREET NW SUITE 206,WASHINGTON, DC 20004

FOUNDATION FOR INTERNATIONALCOMMUNITY ASSISTANCE

1101 14TH STREET N.W.,

WASHINGTON, DC 20005

GLOBAL FUND FOR WOMEN

1375 SUTTER STREET, SAN

FRANCISCO, CA 94109

NONE

OTHERPUBLICCHARITY

OTHERPUBLICCHARITY

OTHERPUBLICCHARITY

OTHER

PUBLICCHARITY

OTHER

PUBLIC

CHARITY

OTHER

PUBLICCHARITY

06-1601597

1,000.

1,000.

5,000.

5,000.

5,000.

2,500.PHILANTHROPIC

NONE OTHER

PUBLICCHARITY 5,000.

PHILANTHROPIC

NONE OTHER

PUBLICCHARITY 3,000.

PHILANTHROPIC

21 STATEMENT(S) 810190324 798927 FOUND 2007.05020 WILLIAM H. PRUSOFF FOUNDATI FOUND-1

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WILLIAM H. PRUSOFF FOUNDATION 06-1601597

NYAYA HEALTH NONE OTHERPUBLICCHARITY 7,420.

135 COLLEGE STREET SUITE 323, NEW PHILANTHROPICHAVEN, CT 06510

HOPKINS SCHOOL NONE OTHERPUBLICCHARITY 20,000.

986 FOREST ROAD, NEW HAVEN, CT PHILANTHROPIC06515

INSTITUTE FOR STUDY OF GLOBAL NONE OTHERANTI-SEMITISM AND POLICY AT YALE PUBLICUNIVERSITY CHARITY 50,000.265 CHURCH STREET, NEW HAVEN, CT PHILANTHROPIC06510

ROSWELL PARK ALLIANCE FOUNDATION NONE OTHERPUBLICCHARITY 2,000.

ELM & CARLTON STREETS, BUFFALO, PHILANTHROPICNY 14263

JEWISH FAMILY SERVICE NONE OTHERPUBLICCHARITY 5,000.

1411 WHALLEY AVENUE, NEW HAVEN, PHILANTHROPICCT 06515

JEWISH FEDERATION OF GREATER NEW NONE OTHERHAVEN PUBLIC

CHARITY 5,000.360 AMITY ROAD, WOODBRIDGE, CT PHILANTHROPIC06525

LEUKEMIA AND LYMPHOMA SOCIETY NONE OTHERPUBLICCHARITY 3,500.

2222 N. TAMPA STREET, TAMPA, FL PHILANTHROPIC33602

LYDIA'S CLUB NONE OTHERPUBLIC

CHARITY 5,000.3110 THOUSAND OAKS #1333, SAN PHILANTHROPICANTONIO, TX 78247

22 STATEMENT(S) 810190324 798927 FOUND 2007.05020 WILLIAM H. PRUSOFF FOUNDATI FOUND-1

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WILLIAM H. PRUSOFF FOUNDATION 06-1601597

LYMPHOMA RESEARCH FOUNDATION NONE OTHERPUBLICCHARITY 5,000.

111 BROADWAY - 19TH FLOOR, NEW PHILANTHROPICYORK, NY 10006

MAKE A WISH FOUNDATION NONE OTHERINTERNATIONAL PUBLIC

CHARITY 5,000.4041 N. CENTRAL AVENUE, PHOENIX, PHILANTHROPICAZ 85012

SIMON'S ROCK COLLEGE OF BARD NONE OTHERPUBLICCHARITY 10,000.

84 ALFORD ROAD, GREAT BARRINGTON, PHILANTHROPICMA 01230

UNITE FOR SITE NONE OTHERPUBLICCHARITY 1,000.

31 BROOKWOOD DRIVE, NEWTOWN, CT PHILANTHROPIC06470

MAZON A JEWISH RESPONSE TO HUNGER NONE OTHERPUBLICCHARITY 5,000.

1990 SOUTH BUNDY DRIVE, LOS PHILANTHROPICANGELES, CA 90025

NATIONAL GEOGRAPHIC SOCIETY NONE OTHERPUBLICCHARITY 5,000.

1145 17TH STREET N.W., PHILANTHROPICWASHINGTON, DC 20036

YALE SCHOOL OF PUBLIC HEALTH NONE OTHERPUBLICCHARITY 100,000.

P.O. BOX 7611, NEW HAVEN, CT PHILANTHROPIC06520

OXFAM AMERICA NONE OTHER

PUBLICCHARITY 3,000.

26 WEST STREET, BOSTON, MA 02711 PHILANTHROPIC

23 STATEMENT(S) 810190324 798927 FOUND 2007.05020 WILLIAM H. PRUSOFF FOUNDATI FOUND-1

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WILLIAM H. PRUSOFF FOUNDATION 06-1601597

PIERSON COLLEGE - YALE UNIVERSITY NONE OTHERPUBLICCHARITY 2,000.

261 PARK STREET, NEW HAVEN, CT PHILANTHROPIC06520

PLANNED PARENTHOOD OF CONNECTICUT NONE OTHERPUBLICCHARITY 5,000.

129 WHITNEY AVENUE, NEW HAVEN, CT PHILANTHROPIC06510

YALE - CARDIOLOGY NONE OTHERPUBLICCHARITY 5,000.

333 CEDAR STREET, NEW HAVEN, CT PHILANTHROPIC06520

THE COLUMBUS HOUSE NONE OTHERPUBLICCHARITY 5,000.

586 ELLA GRASSO BOULEVARD, NEW PHILANTHROPICHAVEN, CT 05519

YALE SCHOOL OF GENETICS NONE OTHERPUBLICCHARITY 20,000.

1 GILBERT STREET, NEW HAVEN, CT PHILANTHROPIC06510

THE JOHN WAYNE CANCER INSTITUTE/ NONE OTHERWHAT A PAIR! PUBLIC

CHARITY 10,000.2200 SANTA MONICA BOULEVARD, PHILANTHROPICSANTA MONICA, CA 90404

THE NATURE CONSERVANCY NONE OTHERPUBLICCHARITY 3,000.

4245 NORTH FAIRFAX DRIVE, PHILANTHROPICARLINGTON, VA 22203

THE SALVATION ARMY NONE OTHERPUBLICCHARITY 5,000.

P.O. BOX 509, HARTFORD, CT 06141 PHILANTHROPIC

24 STATEMENT(S) 810190324 798927 FOUND 2007.05020 WILLIAM H. PRUSOFF FOUNDATI FOUND-1

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WILLiLeIIAM H. PRUSOFF FOUNDATION 06-1601597a

TOWER ONE TOWER EAST NONE OTHERPUBLICCHARITY 5,000.

18 TOWER LANE, NEW HAVEN, CT PHILANTHROPIC06519

VARIETY THE CHILDREN'S CHARITY NONE OTHERPUBLICCHARITY 5,000.

350 5TH AVENUE, NEW YORK, NY PHILANTHROPIC10018

YALE UNIVERSITY SCHOOL OF NONE OTHER

MEDICINE PUBLICCHARITY 125,000.

333 CEDAR STREET, NEW HAVEN, CT PHILANTHROPIC06520

YALE UNIVERSITY NEUROLOGY NONE OTHERPUBLICCHARITY 100,000.

333 CEDAR STREET, NEW HAVEN, CT PHILANTHROPIC06520

TOTAL TO FORM 990-PF, PART XV, LINE 3A 613,420.

25 STATEMENT(S) 8

10190324 798927 FOUND 2007.05020 WILLIAM H. PRUSOFF FOUNDATI FOUND-1