Return of Private Foundation OMB No 1545-0052

Weep-PF or Section 4947(a)(1) Nonexempt Charitable Trust

Treated as a Private Foundation 2006
Department of the Treasury
Internal Revenue Servrce Note: The foundation may be able to use a copy of this return to satisfy state reporting requrrements
For calendar year 2006, or tax year beglnnin.2 / 01 / 0 6 , and endin 11/ 30 / 07
G Check all that apply: IX] Initial return [1 Final return I Amended return r] Address change II Name change
use the IRS Name of foundation A Employer identication number
be, 208015521
Otherwisel Lax Chari ty Foundation B Telephone number (see page 11 of the instructions)
prlnt Number and street (or P 0 box number if mail is not delivered to street address) Room/surte 2 12 - 57 5 - 8 8 8 0
Or type- 5 8 0 Fi f th Ave . Sui te 5 0 1 501 C If exemption application is pending, check here D E
see specmc City or town, state, and ZIP code D 1 Foreign organizations, check here >
'nStrucuons' New York NY 1 0 0 3 6 2. Foreign organizations meeting the
H Check type of organization'm Section 501(c)(3 exempt private foundation 85% test, check here and attach computatror D
Fl Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation E If pnvate foundation status was terminated
I Fair market value of all assets at end J Accounting method El Cash L] Accrual under section 507(b)(1)(A), check here > D
of year (from Part II, col (c), D Other (speCIfy) F If the foundation is in a 60-month termination
line 16) b $ 1 6 , 54 7 (Part I. column (d) must be on cash ba5is ) "de seam" 507(b)(1)(3)v check here >EI
Part I Analysis of Revenue and Expenses (TheJ (3) Revenue and (a) Disbursements
total of amounts in columns (b), (c), and (d) may not necessa ly '33:: per (b) Mileagzmem (c) net forpihrggibsle
equal the amounts in column (a) (see page 11 of the instr )) Ways only)
1 Contributions, gifts, grants, etc , received (attach schedule) 2 , 6 91 , 7 85
2 Check P D ifthe foundation is not reqUIred to attach Sch B
c, 3 Interest on savmgs and temporary cash investments
8 4 DiVidends and interest from securities 5
N 5a Gross rents |
0 cu b Net rental income or (loss) I
63 2 6a Net gain or (loss) from sale of assets not on line 10 S tmt 1 45 , 969 '
g:- g b Gross sales price for all assets on line 63 6 , 1 4 0 , 661 I
<1: n: 7 Capital gain net income (from Part IV, line 2) 0 i
Q 8 Net short-term capital gain 0 I
Lu 9 Income modications
Z 103 Gross sales less returns and allowances E
if? b Less Cost of goods sold
O c Gross prot or (loss) (attach schedule) l
(D 11 Other income (attach schedule) I
12 Total. Add lines 1 through 11 2 , 645 , 816 0 0
E 13 Compensation of ofcers, directors, trustees, etc.
5 14 Other employee salaries and wages
a. 15 Pen5ion plans, employee benets
Lu 16a Legal es (attach schedule) See Stmt 2 1 , 800 1 , 800 14800
g b Acco ~' '-' t 3 2,950 2,950 2,950
3:; c Other -. .- __-
a 17 Intere g9) 1
18 Taxes .. We agg4zogtm
E 19 Depr iati - . ,.. _ ule a eti 5
2 20 Occ ancy J ='
'U 21 Trav
E 22 Printing and publications N
g, 23 Otherexpenses(att sch) Stmt 4 62 , 799 62 , 799 62 , 799
'7'; 24 Total operating and administrative expenses.
5 Add lines13through23 67,549 67,549 67,549 0
8' 25 Contributions, gifts, grants paid 2 , 607 , 689 2 , 607 , 689
26 Total expenses and disbursements. Add lines 24 and 25 2 , 67 5 L2 38 67 , 54 9 67 , 54 9 L 607 , 68 9
27 Subtract line 26 from line 12 y _ _
a Excess of revenue over expenses and disbursements -2 9 , 422
b Net investment Income (if negative, enter -0) 0
c Adjusted net Income (if negative, enter -0-) 0
For Privacy Act and Papenivork Reduction Act Notice, see the Instructions. Penn 990-PF (2006) it
DAA

49/
 Form 990PF (2006) Lax Chari ty Foundation 2 0 - 8 0 1 552 1 Paggz
- Be innin of ear End of ear
Part " Balance Sheets llesfo'le'nffyifmihl?Eilff (S, 83%; (b, MW 161 FaMarkeWame
1 Cash-non-interest-beanng - 1 , 4 53 - l 1 4 53
2 Savmgs and temporary cash Investments
3 Accounts receivable)
Less allowance for doubtful accounts}
4 Pledges receivable}
Less. allowance for doubtful accounts}
5 Grants receivable
6 Receivables due from ofcers. directors, trustees. and other
disqualied persons (attach schedule) (see page 16 of the
instructions)
7 Other notes and loans receivable (an scheduw See er 18 , r g r
3 Less allowance for doubtful accounts} 18 , 000 18 , 000
a 8 lnventones for sale or use
< 9 Prepaid expenses and deferred charges
10a Investments-U S and state government obligations (attach schedule)
b Investments-corporate stock (attach schedule)
c Investments-corporate bonds (attach schedule)
11 Investments-land. bUIldings. and eqmpment basts} _______ __ _ _ _W_ v a g,__ _ _ __ _ _ __
Less: accumulated depreCIation>
12 Investmentsmortgage loans
13 Investments-other (attach schedule)
14 Land, buildings, and equipment: ba5is> 7 _ _ g
Less. accumulated depreciation)
15 Other assets (describe I )
16 Total assets (to be completed by all lers-see page 17 of
the instructions Also, see page 1, item I) 0 16 , 547 16 , 547
17 Accounts payable and accrued expenses
18 Grants payable l
3 19 Deferred revenue l
g 20 Loans from officers, directors, trustees, and other disqualified persons
lg 21 Mortgages and other notes payable (attach schedule)
j 22 Other liabilities (describe > ) E
l
23 Total liabilities (add lines 17 through 22) 0 0 i
m Foundatlons that follow SFAS 117, check here} D I
8 and complete lines 24 through 26 and lines 30 and 31. i
g 24 Unrestricted
E 25 Temporarily restricted '
g 26 Permanently restricted
: Foundations that do not follow SFAS 117, check here) [:I ,
LE and complete lines 27 through 31.
'5 27 Capital stock. trust pnnCIpal. or current funds
3 28 Paid-in or capital surplus. or land. bldg., and equrpment fund
a 29 Retained earnings, accumulated income. endowment, or other funds i
2 30 Total net assets or fund balances (see page 18 of the x
5 instructions) 0 1 6 , 54 7 .
z 31 Total liabilities and net assets/fund balances (see page 18 of the 5
instructions) 0 1 6 , 54 7
l Part III ' Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year-Part ll, column (a), line 30 (must agree With
end-of-year gure reported on prior years return) 1
2 Enter amount from Part I, line 27a 2 '2 9 , 422
3 Other increases not included in line 2 (itemize? See Statement 5 3 45 , 969
4 Addlines1,2,and3 4 16,547
5 Decreases not included in line 2 (itemize)? 5
6 Total net assets or fund balances at end of year Mme 4 minus line 5)Part ll, column (b), line 30 6 1 6 , 547
Form 990-PF (2006)
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Form 990-PF(2006) Lax Charity Foundation 20-8015521 PageB
Part IV Capital Gains and Losses for Tax on Investment Income
b w c UIred c Datea uired d Date ld
a2.;Egasciezrsrotsefwfzmtswsm,l%:h%35332:? "Biggie: "(Mam than,

13 N/A
b
c
d
e
(f) DepreCIatIon allowed (9) Cost or other baSlS (h) GaIn or (loss)
(e) Gross sales prIce (or allowable) plus expense of sale (a) plus (f) mInus (g)

QQOU'ID
Complete only for assets showmg gaIn In column (h) and owned by the foundatIon on 12/31/69 (l) GaIns (Col (h)gaIn mInus
0) Adjusted baSIS (k) Excess of col (I) col (k). but not less than -O-) or
(I) F M V as of 12/31/69 as of 12/31/69 over col 0), Ifany Losses (from col (h))

(DQOU'N
If gaIn. also enter In Part I, lIne 7
2 CapItal gaIn net Income or (net capItal loss) {
If (loss). enter -0 In Part I, lIne 7 3
3 Net short-term capItal gaIn or (loss) as dened In sectIons 1222(5) and (6)
If gaIn, also enter In Part I. lIne 8. column (c) (see pages 13 and 18 of the InstructIons)
If (loss), enter -0- In Part I, lIne 8 3
Part V Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optIonal use by domestIc pnvate foundatlons subject to the sectIon 4940(e) tax on net Investment Income.)
If sectlon 4940(d)(2) applles, leave thIs part blank
N/A
Was the foundatIon IIable for the sectIon 4942 tax on the dIstnbutable amount of any year In the base penod7lj Yes I] No
If Yes, the foundatIon does not qualIfy under sectIon 4940(e). Do not complete thIs part
1 Enter the appropnate amount In each column for each year. see page 19 of the InstructIons before makIng any entnes
a b c d
Base peryod years Adjusted quall$yl)ng dIstnbutIons Net value of nonclzamable-use assets DIstrIbL(ItI))n ratIo
Calendar year (or tax year begInnIng In) (col (b) dIVIded by col (c))
2005
2004
2003
2002
2001

2 Total of lIne 1, column (d) 2

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

4 Enter the net value of noncharItable-use assets for 2006 from Part X, lIne 5 4

5 MultIply lIne 4 by km 3 5

6 Enter 1% of net Investment Income (1% of Part I. lIne 27b) 6

7 Add lInes 5 and 6 7

8 Enter qualIfyIng dIstrIbutlons from Part Xll, lIne 4 8

If lIne 8 Is equal to or greater than lIne 7, check the box In Part VI, lIne 1b, and complete that part usmg a 1% tax rate See
the Part VI InstructIons on page 19
Form 990-PF (2006)
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 Form 990PF (2006) Lax Charity Foundation 20 8015521 Page 4
. Part VI Excise Tax Based on Investment Income (Section 4940(a). 4940(b). 4940(e)l or 4948-see page 19 of the instructions)
1a Exempt operating foundations described in section 4940(d)(2), check hate 1:] and enter "MA" on line 1
Date of ruling letter (attach copy of ruling letter If necessary-see Instructions) 7 A 5 7 _
b Domestic foundations that meet the section 4940(e) reqwrements in Pait V, check 1
here D D and enter 1% of Part |, 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
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 0
6 Credits/Payments
a 2006 estimated tax payments and 2005 overpayment credited to 2006 6a
b Exempt foreign organizations-tax Withheld at source 6b
c Tax paid With application for exten5ion of time to le (Form 8868) So
at Backup Withholding erroneously Withheld 6d 1 g g _ _ _ _ __ k _ ,
7 Total credits and payments. Add lines 6a through 6d 7
8 Enter any penalty for underpayment of estimated tax. Check herg if Form 2220 is attached 8
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed b 9
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid b 10
11 Enter the amount of line 10 to be Credited to 2007 estimated t Refunded b 11
1 Part VII-A Statements Regarding Activities
1a During the tax year, did the foundation attempt to inuence any national, state, or local legislation or did it Yes No
partICIpate or intervene In any political campaign? 1a X
b Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 20
of the instructions for denition)? 1b X
If the answer is "Yes" to 1a or 1b, 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 le Form 1120-POL for this year? 1c X
d Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year' 5
(1) On the foundation b $ (2) On foundation managers D $
e Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed on
foundation managers > $ _
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 , _ _, i
incorporation, or bylaws, or other Similar instruments? it "Yes," attach a conformed copy of the changes 3 X
43 Did the foundation have unrelated busmess gross income of $1 ,000 or more during the year? 43 X
b If "Yes," has it led 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 yeai 5 X
If "Yes,' attach the statement reqUIred by General Instruction T
6 Are the requuements of section 508(9) (relating to sections 4941 through 4945) satised either
0 By language in the governing instrument, or
0 By state legislation that effectively amends the governing instrument so that no mandatory directions that _ __ _ 7 _____ l
conict 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 dunng the year? If "Yes," complete Part II, col. (c), and Part XV 7 X
8a Enter the states to which the foundation reports or With which it is registered (see page 20 of the I
instructions) > None ;
b If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney General _ _ J
(or deSIQnate) of each state as reqwred 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 49420)(3)
or 4942(1)(5) for calendar year 2006 or the taxable year beginning in 2006 (see instructions for Part XIV on M _ -_ ~_j
page 28)? If "Yes," complete Part XIV 9 X
10 Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their
names and addresses 10 X
Form 990-PF (2006)

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 Form 990-FF (2006) Lax Charity Foundation 20-8015521 PagLS
Part VII-A ~ Statementsgarding 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 annumes described in the attachment for line 11a? N/A 11b
12 Did the foundation acqmre a direct or indirect interest in any applicable insurance contract? 12 X
13 Did the foundation comply With the public inspection requwements for its annual returns and exemption application? 13 X
WebSIte address > None
14 The books are in care 0' The Organi zation Telephone no. > 2 12 - 5 7 5 - 8 8 8 0
580 Fifth Ave. Suite 501
Located at > New York, NY ZIP+4 v 10036
15 Section 4947(a)(1) nonexempt charitable trusts ling Form 990-PF in lieu of Form 1041- Check here > D
and enter the amount of tax-exempt interest received or accrued during the year P I 15 I
Part 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
13 Dunng the year did the foundation (either directly or indirectly).
(1) Engage in the sale or exchange, or leasmg of property With a disqualied person? D Yes E] No
(2) Borrow money from. lend money to. or otheMise extend credit to (or accept it from) a 2
disqualied person? Yes No '
(3) Furnish goods. sewices. or faculties to (or accept them from) a disqualied person? Yes No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualied person? Yes No
(5) Transfer any income or assets to a disqualied person (or make any of either available for
the benet or use of a disqualied person)7 E] Yes IZI No
(6) Agree to pay money or property to a government ofCIal7 (Exception. Check 'No" if
the foundation agreed to make a grant to or to employ the ofcial for a peiiod after
termination of government serVIce, if terminating Within 90 days ) C] Yes [2' No V
b If any answer is "Yes" to 1a(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 a55istance (see page 22 of the Instructions)? N/A 1b
Organizations relying on a current notice regarding disaster assmtance check here D l
c Did the foundation engage in a prior year In any of the acts described In 1a. other than excepted acts. that _ w _ _ _ _ ,
were not corrected before the rst day of the tax year beginning in 2006? N/A 1c
2 Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation dened in section 49420)(3) or 4942(1)(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 2006? El Yes '2] No I
If "Yes," list the years b 20 . 20 . 20 . 20 l
b Are there any years listed in 23 for which the foundation is not applying the prowsmns of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year's undistributed income? (If applying section 4942(a)(2) l
to all years listed, answer "No" and attach statement-see page 22 of the instructions ) N/A 2b
c If the prowsmns of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here
> 20 , 20 , 20 , 20 Z
33 Did the foundation hold more than a 2% direct or indirect interest in any busmess
enterprise at any time during the year? [I Yes I2} No
b If "Yes," did it have excess busmess holdings in 2006 as a result of (1) any purchase by the foundation or
disqualied persons after May 26, 1969, (2) the lapse of the 5-year period (or longer period approved by the
Commissmner under section 4943(c)(7)) to dispose of holdings achIred by gift or bequest, or the lapse (3)
of the 10. 15-, or 20year rst phase holding period? (Use Schedule C, Form 4720, to determme if the
foundation had excess busmess holdings in 2006.) N/A 3b
43 Did the foundation invest during the year any amount in a manner that would Jeopardize its charitable purposes? 43 X
b Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable A
purpose that had not been removed from Jeopardy before the rst day of the tax year beginning in 20067 4b X
Form 990-PF (2006)

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Form 990-PF (2006) Lax Charity Foundation 20- 8015521 Page a
Part VII-B Statements Rgarding 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 otheMise attempt to inuence legislation (section 4945(e))? D Yes El No
(2) Inuence the outcome of any specic public election (see section 4955), or to carry on,
directly or indirectly, any voter registration drive" . B Yes E No
(3) Prowde a grant to an indIVIdual for travel, study, or other Similar purposes? Yes No
(4) Prowde 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)? (see instructions) [:1 Yes E] No
(5) Prowde for any purpose other than religious, charitable, selentic, literary, or
educational purposes, or for the prevention of cruelty to children or animals? D Yes IE No
b If any answer is "Yes' to 5a(1)-(5), did any of the transactions fail to qualify under the exceptions described in V _ - _ __
Regulations section 53.4945 or in a current notice regarding disaster a55istance (see page 23 of the instructions)? N/A 5b
Organizations relying on a current notice regarding disaster assistance check here D
c If the answer is "Yes" to question 53(4), does the foundation claim exemption from the tax
because it maintained expenditure respon5ibility for the grant? N/A [:1 Yes [:1 No
If 'Yes, attach the statement reqwred 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 benet contract? D Yes IE No v _ -7 ,_ __,
b Did the foundation, dunng the year, pay premiums. directly or indirectly, on a personal benet contract? 6b X
If you answered "Yes" to 6b, also le Form 8870
7a At any time during the tax year, was the foundation 3 party to a prohibited tax shelter transaction? E] Yes IE No -
b If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? N/A 7b
Part VIII Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all ofcers, directors, trustees, foundation managers and their compensation (see page 23 of the instructions).

(a) Name and address (h-Egg 333333? ngfggg?59aftgl Eagdg 3):th , :tlgr
devoted to posmon -0-) compensa ion allowances
Moshe Lax New York Dlrector
580 Flfth Ave. NY 10036 2 0 0 0
Zlaty Schwartz New York Dlrecto:
580 Fifth Ave. NY 10036 1 O 0 O
Rika Hersko New York Dzrector
580 Fifth Ave. N! 10036 1 0 0 0

2 Compensation of ve highest-paid employees (other than those included on line 1-see page 24 of the instructions).
If none, enter "NONE."
(b) Title and average (d) Contributions to (e) Ex rise
(a) Name and address of each employee paid more than $50,000 dfolt'g grpvgggn (c) Compensation pgglgjedzggj agigahg
compensation

NONE

Total number of other employees paid over $50,000 > I

Form 990-PF (2006)

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Form 990-PF (2006) Lax Chari ty Foundation 2 0 - 8 0 1 55 2 1 Pagg7
Part VIII Information About Ofcers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors Continued
3 Flve highest-pald Independent contractors for professlonal services (see page 24 of the lnstructlons). 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 receivmg over $50,000 for professmnal semces > I

Part lX-A Summary of Direct Charitable Activities

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

1 N/A

Part IX-B Summary of Program-Related Investments (see page 24 of the instructions)

Descnbe 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 page 25 of the instructions

3

Total. Add lines 1 through 3

Form 990-PF (2006)

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 Form 990-PF (2005) Lax Charity Foundation 208015521 P3918
Part x Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
see page 25 of the 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 1a 0
b Average of monthly cash balances 1b 14 , 4 94
c Fair market value of all other assets (see page 25 of the instructions) 1c 0
d Total (add lines 1a, b, and c) 1d 14 , 4 94
e Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) 1e 0
2 AchISItion indebtedness applicable to line 1 assets 2 0
3 Subtract line 2 from line 1d 3 l4 , 4 94
4 Cash deemed held for charitable actIVIties Enter 1 1/2% of line 3 (for greater amount, see page 26
of the instructions) 4 217
5 Net value of noncharitable-use assets. Subtract line 4 from line 3 Enter here and on Pait V. line 4 5 14 , 277
6 Minimum investment return. Enter 5% of line 5 6 7 14
1 Part XI Distributable Amount (see page 26 of the instructions) (Section 4942mm and (1x5) private operating
foundations and certain foreign organizations check her and do not complete this part.)
1 Minimum investment return from Part X. line 6 1 714
2a Tax on investment income for 2006 from Part VI. line 5 2a
b Income tax for 2006 (This does not include the tax from Part VI ) 2b _
O Add lines 2a and 2b 2c
Distributable amount before adjustments Subtract line 2c from line 1 3 714
Recoveries of amounts treated as qualifying distributions 4
Add lines 3 and 4 5 7l4
Deduction from distributable amount (see page 26 of the instructions) 6
Natal-bu Distributable amount as adjusted Subtract line 6 from line 5 Enter here and on Part XIII.
line 1 7 714

{farj Qualifying Distributions (see page 26 of the 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 2 l 607 , 68 9
b Program-related Investments-total from Part IX-B 1b
2 Amounts paid to achIre assets used (or held for use) directly in carrying out charitable. etc .
purposes 2
3 Amounts set aSIde for specn'ic charitable prolects that satisfy the _
a SUItability test (prior lRS approval reqUIred) 3a
b Cash distribution test (attach the reqUIred schedule) 3b
4 Qualifying distributions. Add lines 1a through 3b Enter here and on Part V, line 8, and Part Xlll, line 4 4 2 , 607 , 689
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 (see page 27 of the instructions) 5 0
6 Adjusted qualifying distributions. Subtract line 5 from line 4 6 2 , 607 l 68 9
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)

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Form seepggooe) Lax Charity Foundation 20-8015521 Page 9
Part XIII Undistributed Income (see page 27 of the instructions)
(a) (b) IC) Id)
Distributable amount for 2006 from Part XI. Corpus Years pnor to 2005 2005 2006
line 7 714
Undistributed income, if any. as of the end of 2005
Enter amount for 2005 only
U' Total for prior years 20 .20
Excess distributions carryover, if any, to 2006
From 2001
From 2002
From 2003
From 2004
From 2005
"Q OU'N Total of lines 3a through 8
Qualifying distributions for 2006 from Part XII,
line4 >5 2 , 607 , 689
Applied to 2005. but not more than line 2a
Applied to undistributed income of pnor years (Election
reqUIred-see page 27 of the instructions)
Treated as distributions out of corpus (Election
reqUIred-see page 27 of the instructions)
Applied to 2006 distributable amount 714
Remaining amount distributed out of corpus 2, 606, 975
Excess distributions carryover applied to 2006
(If an amount appears in column (d), the same
amount must be shown in column (a) )
Enter the net total of each column as
indicated below:
Corpus Add lines 3f, 4c, and 4e Subtract line 5 2,666: 975
Prior years' undistributed income Subtract
line 4b from line 2b
Enter the amount of prior years' undistributed
income for which a notice of deciency has been
issued, or on which the section 4942(a) tax has
been preVIously assessed
Subtract line 6c from line 6b Taxable
amount-see page 27 of the instructions
Undistributed income for 2005. Subtract line
4a from line 2a Taxable amount-see page
27 of the instructions
Undistributed income for 2006. Subtract lines
4d and 5 from line 1. This amount must be
distributed in 2007
Amounts treated as distributions out of corpus
to satisfy reqUirements imposed by section
170(b)(1)(E) or 4942(g)(3) (see page 28 of the
instructions)
Excess distributions carryover from 2001 not
applied on line 5 or line 7 (see page 28 of the
instructions)
Excess distributions carryover to 2007.
Subtract lines 7 and 8 from line 6a 2, 606, 975
10 Analy5is of line 9
Excess from 2002
Excess from 2003
Excess from 2004
Excess from 2005
0 .0 '9 Excess from 2006 2,606,975
Form 990-PF (2006)
DAA
 Form 990-PF (2006) Lax Charity Foundation 2 0 801552 1 Page 10
Part XIV Private Operatinmundations (see page 28 of the instructions and Part VII-A, question 9)
1a If the foundation has received a ruling or deterrnination letter that it is a private operating
foundation. and the ruling is effective for 2006. enter the date of the ruling D
b Check box to indicate whether the foundation is a private operating foundation described in section [1 4942(1)(3) or 4942(1)(5)
23 Enter the lesser of the adjusted net Tax year Prior 3 years (e) Total
income from Part | or the minimum (a) 2006 (b) 2005 (c) 2004 (d) 2003
investment return from Part X for
each year listed
85% of line 2a
Qualifying distributions from Part Xll,
line 4 for each year listed
Amounts included in line 2c not used directly
for active conduct of exempt actiVIties
Qualifying distributions made directly
for active conduct of exempt actiVities
Subtract line 2d from line 2c
Complete 3a. b. or c for the
alternative test relied upon:
"Assets" alternative test-enter:
(1) Value of all assets
(2) Value of assets qualifying under
section 4942(1)(3)(B)(l)
'Endowment' alternative test-enter 2/3 of
minimum investment return shown in Part
X, line 6 for each year listed
"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 prowded in
section 49420)(3)(B)(l|l)
(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 assets
at any time durinLtheiear-see page 28 of the instructions.)
Information Regarding Foundation Managers:
List any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000) (See section 507(d)(2).)
N/A
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
N/A
Information Regarding Contributlon, Grant, Glft, Loan, Scholarship, etc., Programs:
Check here > [E] 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 page 28 of the instructions) to indiViduals or
oLganizations under other conditions, complete items 2a, b, c. and d
The name. address. and telephone number of the person to whom applications should be addressed
N/A

The form in which applications should be submitted and information and materials they should include:
N/A
Any submissmn deadlines.
N/A
Any restrictions or limitations on awards, such as by geographical areas, charitable elds, kinds of institutions, or other factors.
N]A
DAA Form 990-PF (2006)
Form 990m: 9006) Lax Charity Foundation 208015521 Page 11
Part XV Supplementary Information (continued)
3 Grants and Contributions Paid Durirg the Year or Approved for Future Payment
. . F d u
ReCIpIent "$3553; 121213223??? 3:23.530?" Purpose of grant or Amount
_ any foundation manager recuplent contribution
Name and address (home or busmess 'Sbsa""a'""bu'
a Pald during the year
See Statement 6
2 , 607 , 689

Total b 33 2 , 607 , 689

b Approved for future payment
N/A

Total b 3b
DAA Form 990-PF (2006)
Form990PF (2006) Lax Charity Foundation 20-8015521 Page 12
Part XVI-A - Analysis of Income-Producing Activities
Enter gross amounts unless otherwise IndIcated. Unrelated busmess Income Excluded by sectIon 512, 513, or 514 (6)
Related or exempt
(a) J lb) (6) ld) functIon Income
BusIness cod Amount Exclusnn Amount (See page 29 of
code
Program SeerCe revenue. the Instructions )

anon-m
f
9 Fees and contracts from government agenCIes
MembershIp dues and assessments
Interest on saVIngs and temporary cash Investments
DIVIdends and Interest from secuntles
UthN Net rental Income or (loss) from real estate:
a Debt-nanced property
b Not debt-nanced property
Net rental Income or (loss) from personal property
Other Investment Income
GaIn or (loss) from sales of assets other than Inventory -45, 969
Net Income or (loss) from speCIaI events
Gross prot or (loss) from sales of Inventory
Other revenue a
b
c
d
e
12 Subtotal Add columns (b), (d), and (e) -45,969 0
13 Total. Add Me 12, columns (b). (d), and (e) 13 -45969
See worksheet In km 13 InstructIons on 29 to calculatlons
Part XVI-B Relationshi of Activities to the Accom Iishment of Exem Pu
EpraIn below how each actIVIty for thch Income Is reported In column (e) of Part XVIA contrIbuted Importantly to
Line No.
V the accomplIshment of the foundatIon's exempt purposes (other than by prOVIdIng funds for such purposes) (See
29 of the InstructIons
NA

DAA Form 990-PF (2006)

Forrn 990-PF(2006LLax Charity Foundation 20-8015521 Page13
Part XVII Information Regarding Transfers To and Transactions and Relationships With Noncharitable
Exempt Organizations
1 Did the organization directly or indrrectly engage In any of the followrng With any other organization described Yes No
in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
organizations?
a Transfers from the reporting foundation to a nonchantable exempt organization of
(1) Cash 1a(1) X
(2) Other assets 1a(2) X
b Other transactions
(1) Sales of assets to a nonchantable exempt organization 1b(1) X
(2) Purchases of assets from a nonchantable exempt organization 1b(2) X
(3) Rental of facrlities, equipment, or other assets 1b(3) X
(4) Reimbursement arrangements 1b(4) X
(5) Loans or loan guarantees 1b(5 X
(6) Performance of servrces or membership or fundrarsrng solicitations 1b(6) X
c Sharing of facrlities, equrpment, mailing lists, other assets, or paid employees 1c X
d If the answer to any of the above is "Yes," complete the followrng schedule Column (b) should always show the fair market
value of the goods, other assets. or servrces given by the reporting organization. If the foundation received less than fair market
value in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or servrces received.

Line no Amount involved Name of nonchantable of and

NA

2a Is the foundation directly or indirectly afliated 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 5277 D Yes IE No
b If "Yes," complete the followrng schedule.
(a) Name of organization (b) Type of organization (c) Description of relationship
N/A

Under penalties of penu , I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and
belief, it is true, c ect nd complete Declaration of preparer (other than taxpayer or d cia ) is based on all information of which preparer has any knowledge

} M I 4 7 a? Director
6 Signature ofbfcerkir trustee Date ' Title
'5 Date Preparers SSN or PTIN
E _.,, > Check it (See Signature on page 31
2 .5 E g Preparers salt-employed D D of the instructions )
m Egg) Signature Jacob Glick P001793 92
A: 3 Finn's name (or yours if Jacob Glick , CPA PC
self-employed), address, 14th Ave Ste EIN F
andZIPcode Brooklyn, NY 11218-3750 n 718-972-0187
Form 990-PF (2006)

BM
 w
gigggeeSEo-Ez Schedule of Contributors
or 990-PF) Supplementary Information for 2o06
Department of the Treasury line 1 of Form 990, 990-EZ, and 990-PF (see Instructions)
Internal Revenue Semce
Name of organlzatlon Employer Identication number

Lax Charity Foundation 20-8015521

Organization type (check one)

Filers of: Section:

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

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

527 political organization

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

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

[:JCJIECJEJEJ 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 Rulesee instructions )

General Rule-

IZ] For organizations ling Form 990, 990EZ, or 990PF that received, during the year, $5,000 or more (in money or
property) from any one contributor (Complete Parts I and II )

Special Rules-

D For a section 501(c)(3) organization ling Form 990, or Form 990EZ, that met the 33 1/3% support test of the regulations
under sections 509(a)(1)/170(b)(1)(A)(Vi), 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 | and Il )

D For a section 501(c)(7), (8), or (10) organization ling Form 990, or Form 990EZ, that received from any one contributor,
during the year, aggregate contributions or bequests of more than $1,000 for use excluswely for religious, charitable,
soientic, literary, or educational purposes, or the prevention of cruelty to children or animals (Complete Parts I, II, and Ill )

D For a section 501(c)(7), (8), or (10) organization ling Form 990, or Form 990-EZ, that received from any one contributor,
during the year, some contributions for use excluswely 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 excluswely religious, charitable, etc , purpose Do not complete any of the Parts unless the General Rule
applies to this organization because it received nonexcluswely religious, charitable, etc , contributions of $5,000 or more
dunng the year) $

Caution: Organizations that are not covered by the General Rule and/or the Specral Rules do not le Schedule B (Form 990,
990EZ. or 990-PF), but they must check the box in the heading of their Form 990, Form 990EZ, or on line 2 of their Form
990-PF, to certify that they'do not meet the ling requirements of Schedule B (Form 990, 990EZ. or 990-PF)

For Paperwork Reduction Act Notice. see the Instructions Schedule B (Form 990, 990-EZ, or 990-PF) (2006)
for Form 990, Form 990-EZ. and Form 990-PF.

DAA
Schedule 8 (Form 990, 990-EZ, or 990-PF) (2006) Page 1 of 1 ofPartI
Name of organization Employer identication number
Lax Charity Foundation 20 8015521

Part I Contributors (See SpeClc Instructlons.)

(a) (b) (C) (d)

No. Name, addressJ and ZIP + 4 Aggregate contributions Type of contribution

1 Chaim Lax Person

301 Hewes Street Payroll
$ 145 , 721 Noncash
Brooklyn NY 11211 (Complete Part II If there Is
a noncash contnbutlon.)

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

No. Name, address, and ZIP + 4 Aggggate contributions Type of contribution

2 Chaim Lax Person

301 Hewes Street Payroll
$ 2,546,064 Noncash
Brooklyn NY 11211 (Complete Part ll If there IS
a noncash contnbutlon )

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

No. Name, address, and ZIP + 4 Amate contributions Type of contribution

Person
Payroll
$ Noncash
(Complete Part II If there Is
a noncash contnbutlon )

(a) (b) M (d)

No. Namg address, and ZIP + 4 Aggggate contributions Type of contribution

Person
Payroll
$ Noncash
(Complete Part II lf there ls
a noncash contnbutlon )

(a) (b) (6) (d)

No. Name, address, and ZIP + 4 Aggggate contributions Type of contribution

Person
Payroll
$ Noncash
(Complete Part II If there ls
a noncash contrlbutlon )

(a) (M (0) (d)

No. Name, address, and ZIP + 4 Aggggate contributions Type of contribution

Person
Payroll
$ Noncash
(Complete Part II If there Is
a noncash contrlbutlon )

Schedule 3 (Form 990, 990-EZ, or 990-PF) (2006)

DAA
Schedule B (Form 990, 990-EZ, or 990-PF) (2006) 1 of 1 ofPartIl
Name of organization Employer identication number
Lax Charity Foundation 20-8015521

Part II Noncash Property (See Specic Instructions.)

(a) No. (c)

from D ' tio f (b) h ro e iven FMV (or esumate) Date r(:<):elved
Part I escnp n o noncas p p y 9 (see Instructions)

Building, 84 Sanford Street

2 Brooklyn , NY 11205

2,546,064 12(13Z06

(a) No. (c)

from Descri tion of notlbcfash ro erty iven FMV (or esamate) Date :Szeived
Part I p p p 9 (see instructions)

(a) No. (c)

from Descri tion of no(:c)ash ro erty iven FMV (or eSmate) Date :Szeived
Part I p p p 9 (see instructions)

(a) No. (0)

from Descri tion of noftzash ro e iven FMV (or eSmate) Date :Sgeived
Partl p p p "y 9 (see instructions)

(a) No. (c)

from Descri tion of nofgash ro e iven FMV (or eSmate) Date r(:):eived
Partl p p p y 9 (see instructions)

(a) No. (C)

from Descri tion of no(:c)ash ro erty iven FMV (or esumate) Date :Szeived
Part I p p p 9 (see instructions)

Schedule 3 (Form 990, 990-EZ, or 990-PF) (2006)

DAA
 Forms Other Notes and Loans Receivable
990 I 990-PF 2006
For calendar year 2006. or tax year beginning 12 /01 / 0 6 . and ending 1 1 / 30 /07
Name Employer Identication Number

Lax Charity Foundation 20-8015521

Form 990-PF Part II Line 7 - Additional Information

Name of borrower Relationship to disqualied person

Tov Inc.

Original amount Maturity Interest

borrowed Date of loan date Repayment terms rate

Secunty prowded by borrower Purpose of loan

Balance due at Balance due at FaIr market value

ConSIderatlon furnlshed by lender beglnnlng of year end of year (990-PF only)

18 000 18 000

10
Totals
 Net G/L
-45,969 -45,969

Deprec

Expense

How Rec'd $
6,186,40,63061

Donation

StFederal
atements

Sale
Date
Sale
Assets
6a
Line
of
St1
I,
Part
990-PF.
Form
atement
- Cost
Price
Sold
Acquired

Desc
Sold
Whom

$
12/6Wil
YiMoshe
of
,1s86,140,mach3/6030616

Total

20-8015521 Building
20-8015521 Federal Statements

Statement 2 - Form 990-PF, Part IL Line 16a - Legal Fees

Net Adjusted Charitable

Description Total Investment Net Purpose
Indirect Legal Fees $ 1,800 $ 1,800 $ 1,800
Total $ 1,800 $ 1,800 $ 1,800

Statement 3 - Form 990-PF, Part I, Line 16b - AccountinLFees

Net Adjusted Charitable

Description Total Investment Net Purpose
Indirect Accounting Fees $ 2,950 $ 2,950 $ 2,950
Total $ 2,950 $ 2,950 $ 2,950

Statement 4 - Form 990-PF. Part I, Line 23 - Other Expenses

Net Adjusted Charitable

Description Total Investment Net Purpose
$ $ $
Expenses
Bank Charges 24 24 24
Office 1,050 1,050 1,050
Building Transfer Fees 61,725 61,725 61,725
Total $ 62,799 $ 62,799 $ 62,799

24
20-8015521 Federal Statements

Statement 5 - Form 990-PF, Part III. Line 3 - Other Increases

Description Amount
Transfer adjustment $ 45, 969
Total $ 45, 969
 180
1,000 5,000 1,700 1,000 3,600 1,000 2,000 5,000 2,500 6,000 2,780 6,000 5,280 2,000 1,000 2,500 9,000
28,000
Amount

Purpose

Purpose Purpose Purpose Purpose Purpose Purpose Purpose Purpose Purpose Purpose Purpose Purpose Purpose Purpose Purpose Purpose Purpose Purpose Purpose

Charitable Charitable Charitable Charitable Charitable Charitable Charitable Charitable Charitable Charitable Charitable Charitable Charitable Charitable Charitable Charitable Charitable Charitable Charitable

Year (C) (c) (C) (C) (c) (C) (C) (C)

Status

501 501 501 501 501 501 501 501 501 501 501 501 501 501 501 501 501 501 501

StFederal
atements

Address Relationship

None None None None None None None None None None None None None None None None None None

166
StHewes
reet 18th
5417
Ave 44th
1623
Street BedfAveord
3054 82nd
2127
Street GarfRoad
13eild Fl365
Ave.
ushing 713
P.O.B. BedfAveord
673 BrStreet
174 oadway Lynch
40
Street 152
StHewes
reet 50th
1914
Street Tayl
145
Streetor 18th
5417
Ave 169
Street
Penn 74
4-N
Street
Ross 1200-Street51st 8
Truman
Ave

CGrants
Duri
Paid
the
StForm
3a
Line
and
6
XV,
Part
990-PF,
onatriebment
u-tionnsg

Address

Name

Brookl
11211
NYyn 11204
Brookl
NYyn Brookl
1049
NYyn Brookl
11210
NYyn Brookl
11214
NYyn 10950
Monroe
NY Brookl
11205
NYyn 10952
NY
Monsey Brookl
11211
NYyn Brookl
11211
NYyn Brookl
11206
NYyn Brookl
11211
NYyn Brookl
11204
NYyn Brookl
11211
NYyn Brookl
11204
NYyn Brookl
11211
NYyn Brookl
11211
NYyn Brookl
11219
NYyn Valley
None
Spring
Square
New

20-8015521 Chessed
Ahavas FriAmerOf
Nai
B endsican Meir
Beis
Cong
Inc CongBaisreigmation
Shul RabbiBeth
Hatalnmicudal Shmuel
Beth V'hatzlucha
Brucha TAcadem
Centalmudircal Tzedoka
CChevra
Vhesed ToviInc
Chasdei
Meormos MesiAnd
VesAru
hViviahta ChaiCong
Atzei m Sina
Bais Bais
Usher
Cong FrB
Of
NAmeieaindsrican Yeshi
Soferva
Chasam
Chug Congregaetion
Chasdi
Yitz ThiLezul
Of
Levnakt Oiz
Vehuder
 (continued)
Year

Contthe
Grants
Duri
Paid
StForm
3a
|=ine
XV,
Part
990-PF,
and
6 ateiment-utniogns

Amount
Purpose
Status
RelAddress
ationship

Address
Name

5,Char501
(3)
(c)
Brookl
11219
Purpose
NY
None0ita00bleyn Char(3)
500
501
Brookl
11204
(c)
Purpose
NY
Noneitableyn 330
Char501
(3)
(c)
Brookl
11211
Purpose
NY
Noneitableyn 7,500
Char501
(3)
(c)
Brookl
11219
Purpose
NY
Noneitableyn 1,800
Char501
(3)
(c)
Brookl
11211
Purpose
None
NYitableyn 180
Char501
(3)
(c)
Brookl
11211
Purpose
NY
Noneitableyn 1,Char(3)
501
10950
(c)
Purpose
Monr0ita00bloe
NY
None 1,Char(3)
501
Brookl
11219
(c)
Purpose
NY
None5ita00bleyn 1,Char501
(3)
(c)
Brookl
11211
Purpose
NY
None0ita00bleyn 2,000
Cha(3)
501
Brookl
11218
(c)
Purpose
NY
None
ritable yn 500
Char(3)
City
(c)
501
Purpose
10956
NY
None
Newitable 5,000
Char(3)
(c)
501
Purpose
Brookl
11211
NY
None
itable yn 1,500
Char(3)
501
Brookl
11211
(c)
Purpose
NY
Noneitable yn 1,000
Char(3)
(c)
501
Purpose
Brookl
11211
None
NY itable yn 3,000
Char(3)
(c)
501
Purpose
10952
NY
Monsey
None
itable 1,000
Char(3)
501
(c)
Purpose
Brookl
11211
NY
None
itableyn 2,Char(3)
(c)
501
Purpose
Brookl
11211
NY
None
5ita00ble yn 2,Char(3)
501
(c)
Purpose
Brookl
11219
None
NY 5ita00ble yn 2,E(3)
501
(c)
Purpose
d11211
Brookl
None
4NY
uc84,atio3n39alyn

StFederal
ate20ment
8015 s21 CongAhavas
5323-Ave.r1eg2tahtion
Tzdok Chai
Shefa
46th
1611
Street
Cong m Zi320
Davi
Cong
Box
PO
chrond V'Street
1454-Emeth
shal6o0tmh Chol
ClStreet
130
SEzras
D
Inc
atymmer
imar Wi110427
VBox
Polui.O.
0 antmse brsurg CongrKedi24
Zupni
Unit
IKhal
Dr
sraelsehagatciokn Yerei
Adas
Khal
1Gemach
50th
Street
O358m HarSi51
Kol
Ave.mrichason Cong141
Bais
Yosef
StK
415reetegation F155
Mai
Avoth
oStN
Lev
undareettinon #
1Mosdos
Box
PO
Ramou
10967 Cong252
Nachl
Street
Emunregeait on
Keap Emuni
BrShomer
174 oadwaym Davi
FKing
The
40
Rd
oBrunedweratiodn Cong233
TolStHooper
Mosdosreetrdegoation BedfCTzedoka
673
Chevra
V
Ave
hesedord I1068
Rachel
56th
Mosdos
Street
mKeverein WiYi76
of
RutMoshe
Stslmach
riaeetlemsdge
 (Year
continued)

Cthe
ar
Grants
Duri
Paid
Stonatrtiebument-tionns g
6
3a
|:ine
XV.
Part
990-PF.
Form

Amount
Purpose
Status
RelAddress
ationship

Address
Name

2,Total
607,689

StFederal
ate20-ment
8015521s