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Economics

Hedgefund Data with 2012 Tax Year Update

Anne Dinning is standing, in the second row, center, between the pretty woman with red hair, v-neckline to the left and a hideous huge woman wearing brown, she towers over the entire picture, and looks like a man in a dress, on the right.

Tax year 2008

Anne Dinning And Michael Wolf Foundation, Michael Wolf Ttee
Employer Identification Number (EIN)266208988
Name of OrganizationAnne Dinning And Michael Wolf Foundation
Secondary NameMichael Wolf Ttee
In Care of NameWilliam J Sheehan
Address452 Fifth Ave 23rd Flr, New York, NY 10018-2706
SubsectionCharitable Organization
Ruling Date07/2008
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period12/2008
Assets$500,000 to $999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 – Not required to file (all other) (990-PF required)
Asset Amount$696,531
Amount of Income$6,493,863
Form 990 Revenue Amount$0
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations

Income in 2008:$6,493,863 Assets in 2008:$696,531Source: FAQs for tax-exempt organizations in tax year 2008

PDATE! FRESH DATA FOR Tax year 2009

ANNE DINNING AND MICHAEL WOLF FOUNDATION

c/o NEIL PIROZZI

1166 AVENUE OF THE AMERICAS FL 5

NEW YORK NY 10036-2737

Last update: 2010-12-01

This nonprofit has assets of $25,299,341, income of $10,801,106.Source: IRS Master File Data (www.irs.gov) and Non-profit number 266208988
Note: I wonder why assets are now greater than income for a 503(c) type organization? Usually the assets are smaller, and the income represents the amount of funding actually disbursed for charitable/ philanthropic purposes. See tax year 2008 above for reference, and for comparison with similar organizations. Possibly implu.com has the numbers reversed, in which case there was $25.3 mil of income?I am uncertain.

UPDATE Tax year 2011

I am wondering if this might be useful for valuing D.E. Shaw fund holdings. See below for an excerpt from the filing for Anne and Michael’s charitable foundation, for tax year 2011. The private foundation of Anne Dinning and Michael Wolf now files under the following name and address: CORABELLE LUMPS FOUNDATION C/O JESSE GEORGE, THE AYCO COMPANY L.P. Address: 321 BROADWAY, SARATOGA SPRINGS, NY 12866Phone: 518-886-4190and has some of its $33,175,056 of assets invested in holdings of two D.E. Shaw funds. 
This means that the private charitable foundation of Anne Dinning, chief investment officer of D. E. Shaw Asset Management, is a D.E. Shaw customer too. I guess that’s okay. 
The Form 990 tax filing uses a different name, address and state than how the fund is registered, which is a little strange, but maybe it is standard. Who is Corabelle Lumps? I think that is made up! But the tax ID number on the Form 990 matches the Foundation number tax ID number, and both have the Anne and Michael’s name, and Anne signed the tax form. 
From Form 990 2011, Statement S, p. 5 [PDF] 
CORABELLE LUMPS FOUNDATION C/O JESSE GEORGE          ID # 26-6208988 FORM 990-PF                                                                    OTHER INVESTMENTS, STATEMENT 5 DESCRIPTION                                                                                         Book Value     Fair Market MethodD. E. SHAW COMPOSITE INTERNATIONAL COST FUND                                   3,600,000.              3,822,249.D. E. SHAW OCULUS INTERNATIONAL COST FUND                                        1,400,000.              1,900,000.________________________________________________________________________________________TOTAL TO FORM 990-PF, PART II , LINE 13                                                   5,000,000               5,756,091
See National Center for Charitable Statistics overview for Anne Dinning and Michael Wolf Foundation 501(c)(3) for details.

Delivering Alpha 2

Delivering Theta

Guess who on Hedge Fund of Delivering Alpha 2012‘s profile page as an advisory board member, replete with a big photograph, made an appearance on my global media tracking alerts today? 
Looks like someone in public relations or similar convinced her to comb her hair and wear some cosmetics for once. 
Here’s the grandiloquent, blessedly brief 30 second video of the now concluded Delivering Alpha 2012 event. The 2013 event was much lower key, and held in early August, prior to the ruling class’s annual vacation month.

President’s Working Group on Markets , Asset Managers Committee

Presidents Bush and Obama asked the hedge fund industry to draft best practices of responsible behavior. I think it is a form of SELF-REGULATION. This is the committee’s finalized report, Best Practices for the Hedge Fund Industry. No input nor oversight by the Department of Justice, U.S. SEC or Federal Reserve was deemed necessary. If the document isn’t visible, try to view the Scribd source directly.

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