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Exempt Organization Business Income Tax Return 990-T - McKnight ...

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THE MCKNIGHT FOUNDATION 41-0754835<br />

Schedule C - Rent <strong>Income</strong> (From Real Property and Personal Property Leased With Real Property)(see instr. on pg 19)<br />

Form <strong>990</strong>-T (2008) Page 3<br />

1 Description of property<br />

(1)<br />

(2)<br />

(3)<br />

(4)<br />

(1)<br />

(2)<br />

(3)<br />

(a) From personal property (if the percentage of<br />

rent for personal property is more than<br />

10% but not more than 50%)<br />

2 Rent received or accrued<br />

(b) From real and personal property (if the percentage<br />

of rent for personal property exceeds 50% or if<br />

the rent is based on profit or income)<br />

3(a) Deductions directly connected with the income in<br />

columns 2(a) and 2(b) (attach schedule)<br />

(4)<br />

Total<br />

0. Total<br />

0.<br />

(c) Total income. Add totals of columns 2(a) and 2(b). Enter<br />

(b) Total deductions.<br />

here and on page 1, Part I, line 6, column (A) | 0.<br />

Enter here and on page 1,<br />

Part I, line 6, column (B) |<br />

0.<br />

Schedule E - Unrelated Debt-Financed <strong>Income</strong> (See instructions on page 19)<br />

3 Deductions directly connected with or allocable<br />

2 Gross income from<br />

to debt-financed property<br />

1 Description of debt-financed property<br />

or allocable to debtfinanced<br />

property<br />

(a) Straight line depreciation (b) Other deductions<br />

(attach schedule)<br />

(attach schedule)<br />

(1)<br />

(2)<br />

(3)<br />

(4)<br />

(1)<br />

(2)<br />

(3)<br />

(4)<br />

4 Amount of average acquisition<br />

5 Average adjusted basis<br />

6 Column 4 divided<br />

7 Gross income<br />

8Allocable deductions<br />

debt on or allocable to debt-financed<br />

of or allocable to<br />

by column 5<br />

reportable (column<br />

(column 6 x total of columns<br />

property (attach schedule)<br />

debt-financed property<br />

2 x column 6)<br />

3(a) and 3(b))<br />

(attach schedule)<br />

%<br />

%<br />

%<br />

%<br />

Enter here and on page 1,<br />

Part I, line 7, column (A).<br />

Enter here and on page 1,<br />

Part I, line 7, column (B).<br />

Totals ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ |<br />

0. 0.<br />

Total dividends-received deductions included in column 8 |<br />

0.<br />

Schedule F - Interest, Annuities, Royalties, and Rents From Controlled <strong>Organization</strong>s (See instructions on page 20)<br />

<strong>Exempt</strong> Controlled <strong>Organization</strong>s<br />

1 Name of controlled organization<br />

2 3 4 5 Part of column 4 that is 6 Deductions directly<br />

Employer identification Net unrelated income Total of specified included in the controlling connected with income<br />

number<br />

(loss) (see instructions) payments made organization’s gross income in column 5<br />

(1)<br />

(2)<br />

(3)<br />

(4)<br />

Nonexempt Controlled <strong>Organization</strong>s<br />

7 <strong>Tax</strong>able <strong>Income</strong> 8 Net unrelated income (loss) 9 Total of specified payments 10 Part of column 9 that is included 11 Deductions directly connected<br />

(see instructions) made<br />

in the controlling organization’s<br />

with income in column 10<br />

gross income<br />

(1)<br />

(2)<br />

(3)<br />

(4)<br />

Totals J<br />

823721 03-09-09<br />

4<br />

Add columns 5 and 10.<br />

Enter here and on page 1, Part I,<br />

line 8, column (A).<br />

Add columns 6 and 11.<br />

Enter here and on page 1, Part I,<br />

line 8, column (B).<br />

0. 0.<br />

Form <strong>990</strong>-T (2008)

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