Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter Social Security numbers on this form as it may be made public. By law, the IRS cannot redact the information on the form.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2013
Open to Public Inspection
For calendar year 2013, or tax year beginning 01-01-2013 , and ending 12-31-2013
Name of foundation
ELISHA-BOLTON FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)1111 SUPERIOR AVENUE E SUITE 700   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CLEVELAND, OH441142540
A Employer identification number

34-1500135
B Telephone number (see instructions)

(216) 363-6481
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$5,080,124J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments 26,224 26,224  
4 Dividends and interest from securities...... 89,159 89,159  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 439,180
b Gross sales price for all assets on line 6a 2,089,092
7 Capital gain net income (from Part IV, line 2)... 439,180
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 554,563 554,563  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 28,028 16,784   11,211
c Other professional fees (attach schedule).... Click to see attachment 26,749 18,749   8,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 2,622 2,397   225
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 1,183 583   600
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 58,582 38,513   20,036
25 Contributions, gifts, grants paid........ 234,500 234,500
26 Total expenses and disbursements. Add lines 24 and 25 293,082 38,513   254,536
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 261,481
b Net investment income (if negative, enter -0-) 516,050
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2013)
Form 990-PF (2013)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 11,426 35,407 35,407
2 Savings and temporary cash investments.......... 155,089 181,418 181,418
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 269,234 Click to see attachment166,931 176,568
b Investments—corporate stock (attach schedule)........ 2,864,572 Click to see attachment3,156,156 4,283,550
c Investments—corporate bonds (attach schedule)........ 353,077 Click to see attachment313,418 324,883
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 22,157 Click to see attachment81,226 78,298
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,675,555 3,934,556 5,080,124
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 3,675,555 3,934,556
30 Total net assets or fund balances (see page 17 of the
instructions).................... 3,675,555 3,934,556
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 3,675,555 3,934,556
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)............... 1 3,675,555
2 Enter amount from Part I, line 27a..................... 2 261,481
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 3,937,036
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 2,480
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 3,934,556
Form 990-PF (2013)
Form 990-PF (2013)
Page 3
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) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a DIGITAL REALTY TRUST INC REIT-110 P 2012-05-16 2013-12-23
b DU PONT E I DE NEMOUR&CO-240 P 2009-08-13 2013-10-30
c ABBVIE INC-80 P 2011-07-20 2013-09-27
d ROYAL DUTCH SHELL A ADRF SPONSORED A P 2009-02-10 2013-08-16
e N V ENERGY INC-140 P 2013-02-14 2013-07-19
ABBOTT LABORATORIES-160 P 2012-02-02 2013-05-09
BIOGEN IDEC INC-50 P 2013-02-08 2013-04-23
DR PEPPER SNAPPLE GROUP-80 P 2012-08-03 2013-04-10
AUST&NEW ZEALND BKG ADRF SPONSORED A P 2010-12-13 2013-02-27
JARDEN CORP-260 P 2011-02-04 2013-02-07
DU PONT E I DE NEMOUR&CO-10 P 2008-02-14 2013-09-26
C M S ENERGY CORP-710 P 2011-01-28 2013-05-24
PHILLIPS 66-135 P 2012-05-22 2013-03-20
ABBOTT LABORATORIES-280 P 2012-10-16 2013-01-09
THE HOME DEPOT I 5.25%13 DUE 12/16/1 P 2010-02-25 2013-12-16
DU PONT E I DE NEMOUR&CO-180 P 2011-11-30 2013-10-30
ABBVIE INC-160 P 2012-02-02 2013-09-27
ROYAL DUTCH SHELL A ADRF SPONSORED A P 2009-06-12 2013-08-16
GENERAL ELECTRIC COMPANY-340 P 2013-02-22 2013-07-12
ABBOTT LABORATORIES-10 P 2012-03-29 2013-05-09
MITSUBISHI CP SPON ADR F SPONSORED A P 2013-03-15 2013-04-19
DR PEPPER SNAPPLE GROUP-920 P 2011-08-31 2013-04-10
AUST&NEW ZEALND BKG ADRF SPONSORED A P 2004-10-21 2013-02-27
AMERICAN TOWER CORP REIT-130 P 2012-05-16 2013-01-31
DU PONT E I DE NEMOUR&CO-100 P 2011-07-25 2013-09-26
C M S ENERGY CORP-240 P 2011-04-14 2013-05-24
ANALOG DEVICES INC-50 P 2008-03-05 2013-03-20
ABBOTT LABORATORIES-160 P 2012-10-31 2013-01-09
VMWARE INC CL A CLASS A-190 P 2013-08-14 2013-12-04
DU PONT E I DE NEMOUR&CO-70 P 2012-06-27 2013-10-30
ABBVIE INC-10 P 2012-03-29 2013-09-27
INTUIT INC-290 P 2013-03-04 2013-08-14
GENERAL ELECTRIC COMPANY-160 P 2012-11-28 2013-07-12
LILLY ELI & COMPANY-210 P 2012-07-25 2013-05-09
MITSUBISHI CP SPON ADR F SPONSORED A P 2010-12-13 2013-04-19
CASEYS GEN STORES INC-260 P 2010-06-30 2013-04-10
VODAFONE GROUP NEW ADR F SPONSORED A P 2010-12-13 2013-02-26
EXXON MOBIL CORPORATION-80 P 2011-11-03 2013-01-22
MC DONALDS CORP-60 P 2012-05-17 2013-09-26
BRISTOL-MYERS SQUIBB CO-20 P 2012-05-17 2013-05-15
U S BANCORP DEL NEW-410 P 2011-11-04 2013-03-13
E M C CORP MASS-1850 P 2008-07-11 2013-12-04
TARGET CORPORATION-240 P 2012-08-23 2013-10-28
EXXON MOBIL CORPORATION-160 P 2011-10-04 2013-09-27
INTUIT INC-90 P 2012-05-16 2013-08-14
A T & T INC NEW-350 P 2011-09-02 2013-07-05
ABBOTT LABORATORIES-360 P 2011-08-26 2013-05-09
MITSUBISHI CP SPON ADR F SPONSORED A P 2003-03-07 2013-04-19
APPLE INC-145 P 2010-02-12 2013-04-09
VODAFONE GROUP NEW ADR F SPONSORED A P 2007-05-03 2013-02-26
EXXON MOBIL CORPORATION-60 P 2011-11-29 2013-01-22
MC DONALDS CORP-50 P 2011-02-01 2013-09-26
BRISTOL-MYERS SQUIBB CO-80 P 2011-04-14 2013-05-15
U S BANCORP DEL NEW-370 P 2012-01-06 2013-03-13
ALLEGION PUBLIC LTD CO F-0.3333 P 2013-09-30 2013-12-02
MERCK & CO INC NEW-468 P 2009-02-05 2013-10-23
MERCK & CO INC NEW-260 P 2011-09-28 2013-09-27
REALOGY HOLDINGS CORP-260 P 2013-02-22 2013-08-13
A T & T INC NEW-370 P 2011-08-23 2013-07-05
INGREDION INC-200 P 2012-08-03 2013-05-09
SCHLUMBERGER LTD F-60 P 2007-05-18 2013-04-18
JARDEN CORP-280 P 2011-02-04 2013-04-08
CAPITAL ONE FINANCIAL CP-330 P 2009-08-14 2013-02-26
TENARIS S A ADR F SPONSORED ADR 1 AD P 2012-04-17 2013-01-11
DU PONT E I DE NEMOUR&CO-40 P 2010-10-18 2013-09-26
BRISTOL-MYERS SQUIBB CO-220 P 2011-09-16 2013-05-15
CENTURYLINK INC-320 P 2011-01-28 2013-02-14
TARGET CORPORATION-290 P 2012-06-07 2013-11-27
MERCK & CO INC NEW-160 P 2011-09-28 2013-10-23
BHP BILLITON LTD ADR F SPONSORED ADR P 2013-03-15 2013-09-27
HDFC BANK LIMITED ADR F SPONSORED AD P 2012-11-23 2013-08-06
VERIZON COMMUNICATIONS-280 P 2012-06-08 2013-07-05
CASEYS GEN STORES INC-86 P 2010-06-30 2013-05-09
SCHLUMBERGER LTD F-390 P 2007-02-22 2013-04-18
ANALOG DEVICES INC-650 P 2009-03-09 2013-04-03
VODAFONE GROUP NEW ADR F SPONSORED A P 2011-08-22 2013-02-26
DEERE & CO-90 P 2012-01-09 2013-11-19
ENSCO PLC CLASS A F CLASS A-200 P 2013-05-14 2013-09-24
LILLY ELI & COMPANY-280 P 2012-12-04 2013-05-09
CENTURYLINK INC-250 P 2012-02-22 2013-02-14
TARGET CORPORATION-40 P 2012-08-23 2013-11-27
FHLMC 3.625XXX MATURED-20000 P 2010-02-01 2013-10-18
EXXON MOBIL CORPORATION-50 P 2011-11-29 2013-09-27
MASTERCARD INC-20 P 2011-10-13 2013-07-31
LVMH MOET NEW ADR F 1 ADR REPS 1/5 O P 2010-12-13 2013-07-02
ABBOTT LABORATORIES-390 P 2011-07-20 2013-05-09
UDR INC REIT-240 P 2012-05-16 2013-04-17
CAPITAL ONE FINANCIAL CP-330 P 2009-08-14 2013-04-03
GENERAL DYNAMICS CORP-140 P 2011-02-02 2013-02-22
DEERE & CO-50 P 2010-05-19 2013-11-19
ENSCO PLC CLASS A F CLAS S A-130 P 2013-03-20 2013-09-24
LILLY ELI & COMPANY-150 P 2012-06-27 2013-05-09
CENTURYLINK INC-70 P 2010-06-09 2013-02-14
MC DONALDS CORP-140 P 2011-09-12 2013-11-27
GNC HOLDINGS INC-150 P 2012-06-08 2013-10-18
HUMANA INC-160 P 2013-02-08 2013-09-26
EXTRA SPACE STORAGE INC-610 P 2012-07-09 2013-07-31
MALLINCKRODT PUB F-0.5 P 2011-05-05 2013-07-01
INGREDION INC-60 P 2012-06-07 2013-05-09
SIMON PPTY GROUP NEW REIT/NON-PAIRED P 2012-05-16 2013-04-17
CATERPILLAR INC-100 P 2012-11-05 2013-03-25
GENERAL DYNAMICS CORP-180 P 2010-10-06 2013-02-22
DEERE & CO-40 P 2012-05-17 2013-11-19
COMCAST CORP NEW CL A-60 P 2013-02-15 2013-09-13
BRISTOL-MYERS SQUIBB CO-120 P 2012-01-09 2013-04-29
CENTURYLINK INC-137 P 2008-12-15 2013-02-14
HOME DEPOT INC-150 P 2011-09-19 2013-11-27
GNC HOLDINGS INC-450 P 2012-04-09 2013-10-18
HUMANA INC-10 P 2012-11-07 2013-09-26
NOVARTIS A G SPON ADR F SPONSORED AD P 2011-06-20 2013-07-25
INVESCO MORTGAGE CAPITAL-380 P 2013-01-31 2013-06-17
CISCO SYSTEMS INC-650 P 2012-04-24 2013-05-07
FIRSTENERGY SOLN 4.8XXX CALLED P 2010-02-25 2013-04-15
CATERPILLAR INC-150 P 2008-11-24 2013-03-25
NRG ENERGY INC NEW-650 P 2012-07-24 2013-02-14
MERCK & CO INC NEW-150 P 2009-01-23 2013-10-23
COMCAST CORP NEW CL A-240 P 2012-06-08 2013-09-13
BRISTOL-MYERS SQUIBB CO-270 P 2012-05-17 2013-04-29
CENTURYLINK INC-220 P 2012-05-17 2013-02-14
ABBVIE INC-230 P 2011-07-20 2013-11-22
FRESENIUS MED CARE ADR F SPONSORED A P 2008-07-15 2013-10-16
EXPRESS SCRIPTS HLDG CO-191 P 2012-04-11 2013-09-19
MALLINCKRODT PUB F-2 P 2011-05-05 2013-07-25
KON PHILIPS ADR F SPONSORED NY SH 1 P 2013-06-05 2013-06-05
CDN IMPERIAL BK COMM F-120 P 2010-04-23 2013-05-07
COOPER COMPANIES NEW-100 P 2012-10-17 2013-04-15
FOMENTO ECO MEX SAB ADRF SPON ADR RE P 2011-09-14 2013-03-22
NRG ENERGY INC NEW-1290 P 2012-06-20 2013-02-14
MERCK & CO INC NEW-250 P 2011-12-14 2013-10-23
COMCAST CORP NEW CL A-250 P 2013-02-15 2013-09-05
MC CORMICK & CO INC N-VT NON VOTING P 2011-02-01 2013-03-20
CONOCOPHILLIPS-200 P 2000-03-02 2013-02-07
CARDINAL HEALTH INC-190 P 2013-09-19 2013-11-22
GROUPE C G I INC F CL A SUB VTG-260 P 2010-10-08 2013-10-09
EXPRESS SCRIPTS HLDG CO-114 P 2012-08-08 2013-09-19
MALLINCKRODT PUB F-20 P 2009-06-08 2013-07-25
VERIZON GLOBAL 4.375%13 NT DUE 06/01 P 2009-10-29 2013-06-01
MASTERCARD INC-5 P 2011-10-13 2013-05-03
COOPER COMPANIES NEW-120 P 2012-11-06 2013-04-15
HUTCHISON WHAMPOA ADR F UNSPONSORED P 2010-12-13 2013-03-22
EXPRESS SCRIPTS HLDG CO-55.8 P 2011-04-14 2013-02-08
MERCK & CO INC NEW-70 P 2010-01-28 2013-10-23
MICROSOFT CORP-25 P 2009-05-06 2013-09-04
PHILLIPS 66-55 P 2012-02-22 2013-03-20
CONOCOPHILLIPS-110 P 2012-02-22 2013-02-07
GREEN MTN COFFEE ROASTER-330 P 2013-04-10 2013-11-21
ALTEGRIS MACRO STRATEGY CL I-4619.54 P 2011-10-25 2013-10-04
CREDICORP LTD F-60 P 2013-03-15 2013-09-19
AMEREN CORPORATION-310 P 2012-12-28 2013-07-22
VOLVO A B ADR F SPONSORED ADR 1 ADR P 2012-05-22 2013-05-23
MASTERCARD INC-25 P 2012-06-06 2013-05-03
PORTLAND GENERAL ELEC-190 P 2013-02-14 2013-04-12
SPDR GOLD TRUST SPDR GOLD SHARES-780 P 2010-07-30 2013-03-07
EXPRESS SCRIPTS HLDG CO-276 P 2012-08-08 2013-02-08
MERCK & CO INC NEW-190 P 2011-02-01 2013-10-23
MICROSOFT CORP-440 P 1996-03-01 2013-09-04
MC CORMICK & CO INC N-VT NON VOTING P 2012-05-17 2013-03-20
CONOCOPHILLIPS-90 P 2012-05-17 2013-02-07
UNILEVER N V NY SHS NEWF N Y REGISTR P 2011-10-05 2013-11-19
INTUIT INC-60 P 2012-05-16 2013-10-04
BIOGEN IDEC INC-60 P 2013-02-08 2013-09-12
AMEREN CORPORATION-270 P 2012-12-27 2013-07-22
LVMH MOET NEW ADR F 1 ADR REPS 1/5 O P 2010-12-13 2013-05-23
WELLS FARGO & CO NEW-540 P 2010-04-26 2013-05-01
AMEREN CORPORATION-390 P 2013-02-14 2013-04-12
DU PONT E I DE NEMOUR&CO-100 P 2012-01-24 2013-03-07
EXPRESS SCRIPTS HLDG CO-178.2 P 2011-09-15 2013-02-08
PHILLIPS 66-100 P 2000-03-02 2013-10-11
CENTERPOINT ENERGY INC-380 P 2012-05-17 2013-07-31
MC CORMICK & CO INC N-VT NON VOTING P 2010-05-05 2013-03-20
MICROSOFT CORP-380 P 2012-09-21 2013-01-29
AGRIUM INC F-90 P 2011-02-11 2013-11-15
INTUIT INC-410 P 2010-01-14 2013-10-04
VANTIV INC CLASS A-570 P 2013-05-03 2013-08-29
AMEREN CORPORATION-170 P 2013-02-14 2013-07-22
CREDIT SUISSE GRP ADR F SPONSORED AD P 2013-05-07 2013-05-20
PETROCHINA CO ADR F SPONSORED ADR 1 P 2013-03-15 2013-04-30
N V ENERGY INC-750 P 2013-02-14 2013-04-12
DU PONT E I DE NEMOUR&CO-130 P 2012-06-27 2013-03-07
MERCK & CO INC NEW-270 P 2011-09-28 2013-02-08
PHILLIPS 66-75 P 2012-05-22 2013-10-11
CENTERPOINT ENERGY INC-250 P 2011-03-30 2013-07-31
ANALOG DEVICES INC-50 P 2006-10-05 2013-03-20
MICROSOFT CORP-45 P 2009-05-06 2013-01-29
COSAN LIMITED F-570 P 2011-03-29 2013-11-15
A T & T INC NEW-270 P 2011-09-02 2013-09-30
BANK OF AMERICA 5.125%14 BONDS DUE 1 P 2010-01-06 2013-08-19
N V ENERGY INC-560 P 2012-08-02 2013-07-19
CASEYS GEN STORES INC-244 P 2010-06-30 2013-05-10
BAYERISCHE MOTR ADR F UNSPONSORED AD P 2012-03-08 2013-04-26
PORTLAND GENERAL ELEC-270 P 2011-10-03 2013-04-12
NATIONAL OILWELL VARCO-460 P 2009-07-07 2013-02-28
MERCK & CO INC NEW-150 P 2011-12-14 2013-02-08
DU PONT E I DE NEMOUR&CO-40 P 2012-01-09 2013-09-26
VENTAS INC REIT-350 P 2012-07-05 2013-05-29
ANALOG DEVICES INC-120 P 2008-10-03 2013-03-20
DARDEN RESTAURANTS INC-170 P 2012-11-30 2013-01-29
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 5,306   8,056 -2,750
b 14,706   7,833 6,873
c 3,537   2,185 1,352
d 6,390   4,903 1,487
e 3,310   2,726 584
5,785   4,157 1,628
10,712   8,222 2,490
3,756   3,650 106
2,291   1,937 354
15,650   8,945 6,705
594   465 129
19,601   13,816 5,785
9,142   4,330 4,812
9,372   9,668 -296
20,000   20,000  
11,030   8,531 2,499
7,075   4,508 2,567
1,278   1,086 192
8,044   7,929 115
362   292 70
3,114   3,477 -363
43,189   35,421 7,768
7,445   3,749 3,696
9,899   8,802 1,097
5,936   5,439 497
6,626   4,585 2,041
2,278   1,397 881
5,355   5,031 324
15,593   16,388 -795
4,289   3,453 836
442   316 126
18,733   19,150 -417
3,786   3,362 424
11,464   9,072 2,392
1,384   2,092 -708
14,847   9,159 5,688
981   1,077 -96
7,255   6,291 964
5,875   5,438 437
899   660 239
14,006   10,471 3,535
43,769   23,643 20,126
15,320   15,124 196
13,874   11,289 2,585
5,814   5,019 795
12,473   9,829 2,644
13,017   8,563 4,454
6,574   2,527 4,047
61,451   28,686 32,765
2,943   3,451 -508
5,442   4,625 817
4,896   3,684 1,212
3,595   2,205 1,390
12,640   10,303 2,337
14   13 1
21,783   9,075 12,708
12,389   8,358 4,031
11,322   11,422 -100
13,185   10,630 2,555
14,097   10,435 3,662
4,260   4,764 -504
12,015   6,422 5,593
16,784   11,375 5,409
6,247   5,422 825
2,374   1,886 488
9,885   6,681 3,204
10,675   13,820 -3,145
18,733   16,678 2,055
7,447   5,143 2,304
6,012   6,575 -563
4,412   5,659 -1,247
14,249   11,794 2,455
4,983   3,030 1,953
27,692   25,182 2,510
28,644   12,090 16,554
3,188   3,575 -387
7,425   7,465 -40
10,862   12,304 -1,442
15,291   13,836 1,455
8,340   9,837 -1,497
2,584   2,521 63
20,000   20,000  
4,336   3,854 482
12,107   6,758 5,349
5,874   5,967 -93
14,102   9,821 4,281
5,840   6,441 -601
17,848   11,375 6,473
9,384   10,656 -1,272
4,125   2,816 1,309
7,060   7,549 -489
8,192   6,305 1,887
2,335   2,387 -52
13,578   11,928 1,650
8,449   5,737 2,712
15,053   13,039 2,014
25,841   18,973 6,868
22   19 3
4,229   3,079 1,150
6,869   6,134 735
8,626   8,629 -3
12,065   11,438 627
3,300   2,947 353
2,632   2,469 163
4,783   4,071 712
4,570   2,914 1,656
12,073   5,108 6,965
25,346   15,827 9,519
941   711 230
11,516   9,691 1,825
7,006   8,275 -1,269
13,212   12,653 559
21,533   20,379 1,154
12,939   5,411 7,528
15,604   12,317 3,287
6,982   4,204 2,778
10,528   7,225 3,303
10,761   8,904 1,857
7,339   8,485 -1,146
11,229   6,281 4,948
9,462   8,623 839
11,850   10,786 1,064
88   77 11
16   16  
9,616   9,198 418
10,716   9,837 879
4,262   2,636 1,626
30,967   20,494 10,473
11,637   8,925 2,712
10,619   10,287 332
2,147   1,331 816
11,516   2,903 8,613
12,360   10,197 2,163
9,112   4,116 4,996
7,072   6,861 211
877   503 374
20,000   20,000  
2,764   1,690 1,074
12,859   11,758 1,101
2,899   2,897 2
3,110   3,819 -709
3,258   2,685 573
782   499 283
3,725   1,871 1,854
6,334   6,294 40
23,320   18,608 4,712
38,132   45,933 -7,801
7,862   9,566 -1,704
11,172   9,475 1,697
5,024   4,065 959
13,822   10,399 3,423
5,871   5,477 394
118,959   89,883 29,076
15,384   16,610 -1,226
8,844   6,436 2,408
13,761   2,636 11,125
3,579   2,864 715
5,182   4,657 525
8,231   6,600 1,631
3,975   3,346 629
14,092   9,866 4,226
9,730   8,241 1,489
5,637   5,304 333
20,256   17,720 2,536
13,791   12,916 875
4,867   4,963 -96
9,932   11,007 -1,075
6,019   863 5,156
9,381   7,505 1,876
7,873   4,340 3,533
10,612   11,904 -1,292
8,128   8,745 -617
27,159   12,969 14,190
15,351   13,179 2,172
6,127   5,630 497
26   25 1
3,785   4,085 -300
15,839   14,606 1,233
6,327   6,413 -86
11,093   8,679 2,414
4,514   2,406 2,108
6,172   4,441 1,731
2,278   1,482 796
1,257   898 359
8,460   7,403 1,057
9,111   7,583 1,528
21,210   20,300 910
13,238   10,138 3,100
14,058   8,596 5,462
7,380   7,625 -245
8,343   6,367 1,976
31,467   13,671 17,796
6,163   5,354 809
2,374   1,873 501
25,325   22,157 3,168
5,468   3,012 2,456
7,790   9,002 -1,212
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       -2,750
b       6,873
c       1,352
d       1,487
e       584
      1,628
      2,490
      106
      354
      6,705
      129
      5,785
      4,812
      -296
       
      2,499
      2,567
      192
      115
      70
      -363
      7,768
      3,696
      1,097
      497
      2,041
      881
      324
      -795
      836
      126
      -417
      424
      2,392
      -708
      5,688
      -96
      964
      437
      239
      3,535
      20,126
      196
      2,585
      795
      2,644
      4,454
      4,047
      32,765
      -508
      817
      1,212
      1,390
      2,337
      1
      12,708
      4,031
      -100
      2,555
      3,662
      -504
      5,593
      5,409
      825
      488
      3,204
      -3,145
      2,055
      2,304
      -563
      -1,247
      2,455
      1,953
      2,510
      16,554
      -387
      -40
      -1,442
      1,455
      -1,497
      63
       
      482
      5,349
      -93
      4,281
      -601
      6,473
      -1,272
      1,309
      -489
      1,887
      -52
      1,650
      2,712
      2,014
      6,868
      3
      1,150
      735
      -3
      627
      353
      163
      712
      1,656
      6,965
      9,519
      230
      1,825
      -1,269
      559
      1,154
      7,528
      3,287
      2,778
      3,303
      1,857
      -1,146
      4,948
      839
      1,064
      11
       
      418
      879
      1,626
      10,473
      2,712
      332
      816
      8,613
      2,163
      4,996
      211
      374
       
      1,074
      1,101
      2
      -709
      573
      283
      1,854
      40
      4,712
      -7,801
      -1,704
      1,697
      959
      3,423
      394
      29,076
      -1,226
      2,408
      11,125
      715
      525
      1,631
      629
      4,226
      1,489
      333
      2,536
      875
      -96
      -1,075
      5,156
      1,876
      3,533
      -1,292
      -617
      14,190
      2,172
      497
      1
      -300
      1,233
      -86
      2,414
      2,108
      1,731
      796
      359
      1,057
      1,528
      910
      3,100
      5,462
      -245
      1,976
      17,796
      809
      501
      3,168
      2,456
      -1,212
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 439,180
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) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3 57,016
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 period?
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 page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2012 183,958 4,369,857 0.042097
2011 241,359 4,424,565 0.054550
2010 205,235 4,056,525 0.050594
2009 169,933 3,567,822 0.047629
2008 239,932 4,623,416 0.051895
2 Total of line 1, column (d) ...................... 2 0.246765
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 0.049353
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 5,052,246
5 Multiply line 4 by line 3....................... 5 249,343
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 5,161
7 Add lines 5 and 6......................... 7 254,504
8 Enter qualifying distributions from Part XII, line 4.............. 8 254,536
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.
Form 990-PF (2013)
Form 990-PF (2013)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 5,161
hereBulletand enter 1% 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  
3 Add lines 1 and 2............................ 3 5,161
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 5,161
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 12,275
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 12,275
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 21
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 7,093
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet7,093 RefundedBullet 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
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
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 file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
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
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletOH
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .Click to see attachment
    8b
     
    No
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2013 or the taxable year beginning in 2013 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names and addresses.
    10
     
    No
    11
    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) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletNONE
    14
    The books are in care ofbulletMN ADVISORY SERVICES LLC Telephone no.bullet (216) 363-6481
    Located atbullet1111 SUPERIOR AVE SUITE 700CLEVELANDOH ZIP+4bullet44114
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2013, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the
    foreign country bullet  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 5
    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
    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?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (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)?.................
    (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.).........
    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 assistance (see page 20 of the instructions)?...
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2013?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2013, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2013?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If "Yes," did it have excess business holdings in 2013 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 2013.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2013?
    4b
     
    No
    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))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (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)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    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 instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    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?........................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    GILBERT P SCHAFER IIIClick to see attachment CO-PRESIDENT
    1.00     		0 0 0
    1111 SUPERIOR AVE SUITE 700
    CLEVELAND,OH44114
    JULIAN B SCHAFERClick to see attachment CO-PRESIDENT
    1.00     		0 0 0
    1111 SUPERIOR AVE SUITE 700
    CLEVELAND,OH44114
    KENNETH G HOCHMANClick to see attachment TRUSTEE
    1.00     		0 0 0
    1111 SUPERIOR AVE SUITE 700
    CLEVELAND,OH44114
    JAMES C SEKERAKClick to see attachment SECRETARY/TR
    2.00     		0 0 0
    1111 SUPERIOR AVE SUITE 700
    CLEVELAND,OH44114
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). 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 receiving over $50,000 for professional services.............bullet  
    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 the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe 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 page 24 of the instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    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...................
    1a
     
    b
    Average of monthly cash balances.......................
    1b
     
    c
    Fair market value of all other assets (see instructions)................
    1c
     
    d
    Total (add lines 1a, b, and c).........................
    1d
     
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
     
    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
     
    6
    Minimum investment return. Enter 5% of line 5..................
    6
     
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    252,612
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    5,161
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,161
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    247,451
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    247,451
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    247,451
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
     
    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 instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
     
    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 (2013)
    Form 990-PF (2013)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2012     		(c)
    2012     		(d)
    2013
    1 Distributable amount for 2013 from Part XI, line 7 247,451
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2013:
    a From 2008.......  
    b From 2009.......  
    c From 2010.......  
    d From 2011....... 23,597
    e From 2012.......  
    fTotal of lines 3a through e......... 23,597
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 254,536
    a Applied to 2012, 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 2013 distributable amount..... 247,451
    e Remaining amount distributed out of corpus 7,085
    5 Excess distributions carryover applied to 2013.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 30,682
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2012. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2013. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2014 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		 
    8Excess distributions carryover from 2008 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		30,682
    10 Analysis of line 9:
    a Excess from 2009....  
    b Excess from 2010....  
    c Excess from 2011.... 23,597
    d Excess from 2012....  
    e Excess from 2013.... 7,085
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 9
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2013, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2013 (b) 2012 (c) 2011 (d) 2010
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList 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).)
    bList 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.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    ELISHA BOLTON FOUNDATION
    1111 SUPERIOR AVENUE E
    SUIT 700
    CLEVELAND,OH441142540
    (216) 363-6481
    J.SEKERAK@ADVSRV.COM
    bThe form in which applications should be submitted and information and materials they should include:
    WRITTEN PROPOSAL WITH A COPY OF INTERNAL REVENUE CERTIFICATION OF EXEMPT STATUS
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NO GRANTS TO INDIVIDUALS
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ALZHEIMER'S ASSOCAITION-CLEVELAND A
    23215 COMMERCE PARK DR ST
    BEACHWOOD,OH44122     		N/A PUBLIC FAMILY ASSISTANCE, ATTN: MARIANNE PR 10,000
    AMERICAN COLLEGE OF BUILDING ARTS
    P O BOX 71668
    N CHARLSTON,SC29415     		N/A PUBLIC CURRENT OPERATIONS - AT DISCRETION O 1,000
    AMERICAN FRIENDS OF ATTINGHAM
    144 EAST 39
    NEW YORK,NY10016     		N/A PUBLIC SCHOLARSHIP ASSISTANCE FOR ANNUAL SU 1,000
    AMERICAN RED CROSS
    3747 EUCLID AVENUE
    CLEVELAND,OH441152596     		N/A PUBLIC DOMESTIC HURRICANE/DISASTER RELIEF 5,000
    AUWAIOLIMU CONGREGATIONAL CHURCH H
    P O BOX 11098
    HONOLULU,HI96828     		N/A PUBLIC DISCRETION OF REV. JOHN L. A. KALILI 7,000
    BILLY GRAHAM EVANGELISTIC ASSOCIATI
    P O BOX 1270
    CHARLOTTE,NC282011270     		N/A PUBLIC CURRENT OPERATIONS 3,000
    BRYN MAWR COLLEGE
    101 NORTH MERION AVENUE
    BRYN MAWR,PA19010     		N/A PUBLIC AT DISCRETION OF THE HEAD OF THE CIT 2,500
    CLEVELAND CLINIC COLE EYE INSTITUTE
    9500 EUCLID AVENUE 113
    CLEVELAND,OH44195     		N/A PUBLIC DRY MACULAR DEGENERATION RESEARCH 10,000
    CREUTZFELDT-JAKOB DISEASE FOUNDATIO
    341 WEST 38TH ST STE 501
    NEW YORK,NY10018     		N/A PUBLIC FAMILY WORKSHOPS PROGRAM-IN HONOR OF 10,000
    DEATH VALLEY CONSERVANCY
    P O BOX 566
    DEATH VALLEY,CA92328     		N/A PUBLIC CURRENT OPERATIONS 5,000
    DISABLED VETERANS NATIONAL FOUNDATI
    1020 19TH STREET NW 475
    WASHINGTON,DC20036     		N/A PUBLIC CURRENT OPERATIONS 5,000
    DOGS FOR THE DEAF OR
    10175 WHEELER ROAD
    CENTRAL POINT,OR97502     		N/A PUBLIC CURRENT OPERATIONS 1,000
    DUTCHESS LAND CONSERVANCY
    4289 ROUTE 82
    MILLBROOK,NY12545     		N/A PUBLIC CURRENT OPERATIONS 2,500
    FOCUS ON THE FAMILY CO
    FOCUS ON THE FAMILY
    COLORADO SPRINGS,CO80995     		N/A PUBLIC WHERE NEEDED FOR RADIO BROADCASTS 2,000
    FRIENDS OF HISTORIC MOUNT VERNON
    P O BOX 10
    MOUNT VERNON,VA22121     		N/A PUBLIC REGENT'S CIRCLE 1,000
    FRIENDS OF RED ROCK CANYON
    P O BOX 97
    BLUE DIAMOND,NV89004     		N/A PUBLIC CURRENT OPERATIONS 5,000
    GARDEN CONSERVANCY
    P O BOX 219
    COLD SPRING,NY10516     		N/A PUBLIC ANNUAL FUND 1,500
    GARRISON FOREST SCHOOL
    300 GARRISON FOREST ROAD
    OWINGS MILLS,MD21117     		N/A PUBLIC ENDOWMENT FUND 1,000
    HABITAT FOR HUMANITY
    322 WEST LAMAR STREET
    AMERICUS,GA31709     		N/A PUBLIC DISASTER RELIEF, WHERE MOST NEEDED 5,000
    HAL LINDSEY WEBSITE MINISTRIES
    28245 EQUESTRIAN
    FAIR OAKS RANCH,TX780154656     		N/A PUBLIC CURRENT OPERATIONS 1,500
    IN TOUCH MINISTRIES GA
    P O BOX 620362
    ATLANTA,GA30362     		N/A PUBLIC DR. CHARLES STANLEY - WHERE NEEDED F 1,000
    INSIGHT FOR LIVING CA
    P O BOX 269000
    PLANO,TX75026     		N/A PUBLIC DR. CHARLES SWINDOLL - WHERE NEEDED 5,000
    INSIGHT FOR LIVING CA
    P O BOX 269000
    PLANO,TX75026     		N/A PUBLIC DR. CHARLES SWINDOLL - WHERE NEEDED 1,500
    INSTITUTE OF CLASSICAL ARCHITECTURE
    20 WEST 44TH STREET
    NEW YORK,NY10036     		N/A PUBLIC CURRENT OPERATIONS 5,000
    LAS VEGAS VALLEY HUMANE SOCIETY
    3395 SOUTH JONES BLVD 45
    LAS VEGAS,NV89146     		N/A PUBLIC OPERATIONS 3,500
    LIVESTRONG FOUNDATION
    P O BOX 161150
    AUSTIN,TX78716     		N/A PUBLIC CANCER RESEARCH 10,000
    MILLBROOK SCHOOL NY
    131 MILLBROOK SCHOOL ROAD
    MILLBROOK,NY12545     		N/A PUBLIC ANNUAL FUND 5,000
    MILLBROOK SCHOOL NY
    131 MILLBROOK SCHOOL ROAD
    MILLBROOK,NY12545     		N/A PUBLIC HEADMASTER ENDOWMENT 3,500
    MILLBROOK SCHOOL NY
    131 MILLBROOK SCHOOL ROAD
    MILLBROOK,NY12545     		N/A PUBLIC CAPITAL CAMPAIGN (EBF 100K, GPS 10 20,000
    NEW ENGLAND CONSERVATORY
    290 HUNTINGTON AVENUE
    BOSTON,MA02115     		N/A PUBLIC ANNUAL FUND 1,000
    NORTH BENNET STREET SCHOOL BOSTON
    39 NORTH BENNET STREET
    BOSTON,MA02113     		N/A PUBLIC CARPENTRY DEPARTMENT: 6,000 CARPENT 10,000
    ONE FUND BOSTON
    P O BOX 990009
    BOSTON,MA02199     		N/A PUBLIC BOSTON MARATHON BOMB VICTIMS ASSISTA 10,000
    PET PARTNERS (FROMERLY DELTA SOCIET
    875 124TH STREER STE 101
    BELLEVUE,WA98005     		N/A PUBLIC CURRENT OPERATIONS 1,000
    PETS FOR THE ELDERLY FOUNDATION OH
    P O BOX 226
    WICKLIFFE,OH44092     		N/A PUBLIC CURRENT OPERATIONS 1,000
    RAVI ZACHARIAS INTERNATIONAL MINIST
    4725 PEACHTREE CORNERS CI
    NORCROSS,GA30092     		N/A PUBLIC DISCRETION OF DR. RAVI ZACHARIAS 5,000
    RAVI ZACHARIAS INTERNATIONAL MINIST
    4725 PEACHTREE CORNERS CI
    NORCROSS,GA30092     		N/A PUBLIC DISCRETION OF DR. RAVI ZACHARIAS 1,500
    SALVATION ARMY
    P O BOX 66
    THOMASVILLE,GA31799     		N/A PUBLIC CURRENT NEEDS IN THOMAS COUNTY, GEOR 1,000
    SONGTIME INC
    710 MAIN STREET
    YARMOUTH PORT,MA02675     		N/A PUBLIC WHERE MOST NEEDED 1,000
    SPECIAL OPERATIONS WARRIOR FOUNDATI
    P O BOX 13483
    TAMPA,FL33681     		N/A PUBLIC GENERAL OPERATIONS 5,000
    TALL TIMBERS RESEARCH STATION FL
    13093 HENRY BEADEL DRIVE
    TALLAHASSEE,FL32312     		N/A PUBLIC LAND CONSERVANCY AT DISCRETION KEVIN 3,000
    THOMAS COUNTY HISTORICAL SOCIETY
    P O BOX 1922
    THOMASVILLE,GA31799     		N/A PUBLIC ARCHIVES DEPARTMENT 1,000
    THOMAS JEFFERSON FOUNDATION
    P O BOX 316
    CHARLOTTESVILLE,VA22902     		N/A PUBLIC CURRENT OPERATIONS 20,000
    THOMAS UNIVERSITY
    1501 MILLPOND ROAD
    THOMASVILLE,GA31792     		N/A PUBLIC AT THE DISCRETION OF RICHARD MUNROE 1,000
    THOMASVILLE CENTER FOR THE ARTS (FO
    P O BOX 2177
    THOMASVILLE,GA31799     		N/A PUBLIC CURRENT OPERATIONS 1,000
    THOMASVILLE LANDMARKS
    P O BOX 1285
    THOMASVILLE,GA31799     		N/A PUBLIC CURRENT OPERATIONS 1,000
    THOMASVILLE-THOMAS COUNTY HUMANE SO
    180 BIG STAR DRIVE
    THOMASVILLE,GA31757     		N/A PUBLIC OPERATING FUNDS 2,000
    THRU THE BIBLE RADIO CA
    P O BOX 7100
    PASADENA,CA91109     		N/A PUBLIC MR. LEO KARLYN - WHERE NEEDED FOR RA 10,000
    TURNING POINT
    P O BOX 3838
    SAN DIEGO,CA92163     		N/A PUBLIC DAVID JEREMIAH - WHERE NEEDED FOR ME 2,000
    UNITED WAY OF THOMAS COUNTY
    P O BOX 1824
    THOMASVILLE,GA31799     		N/A PUBLIC ELDER CARE 2,000
    URBAN ALTERNATIVE TX
    P O BOX 4000
    DALLAS,TX75208     		N/A PUBLIC DR. ANTHONY T. EVANS - WHERE NEEDED 1,500
    WOUNDED WARRIORS PROJECT
    P O BOX 758517
    TOPEKA,KS66675     		N/A PUBLIC GENERAL OPERATIONS 5,000
    YALE SCHOOL OF ARCHITECTURE
    180 YORK STREET
    NEW HAVEN,CT06520     		N/A PUBLIC AT THE DISCRETION OF THE DEAN 10,000
    YMCA EVERETT-MILTON CENTER THOMASV
    P O BOX 1037
    THOMASVILLE,GA31799     		N/A PUBLIC CURRENT OPERATIONS (FROM THE SCHAFER 1,000
    YMCA FRANCIS F WESTON CENTER THOM
    P O BOX 1037
    THOMASVILLE,GA31799     		N/A PUBLIC CURRENT OPERATIONS (FROM THE SCHAFER 1,000
    JACK VAN IMPE MINISTRIES
    P O BOX 7004
    TROY,MI48007     		N/A PUBLIC MEDIA 1,000
    KEYLIFE MINISTRIES
    P O BOX 945000
    MAITLAND,FL327945000     		N/A PUBLIC DISCRETION OF STEVE BROWN 1,000
    Total .................................bullet 3a 234,500
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		    14 26,224  
    4 Dividends and interest from securities....     14 89,159  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		    14 439,180  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   554,563  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13554,563
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 12
    Part 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 the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    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, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, 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, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2013)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2013 AccountingFeesSchedule
    Name:
    ELISHA-BOLTON FOUNDATION
    EIN: 34-1500135
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    M+N ADVISORY SERVICES LLC 28,028 16,784   11,211

    TY 2013 CompensationExplanation
    Name:
    ELISHA-BOLTON FOUNDATION
    EIN: 34-1500135
    Person Name Explanation
    GILBERT P SCHAFER III  
    JULIAN B SCHAFER  
    KENNETH G HOCHMAN  
    JAMES C SEKERAK  

    TY 2013 ExplnOfNonFilingWithAGStmt
    Name:
    ELISHA-BOLTON FOUNDATION
    EIN: 34-1500135
    Statement:
    NOT REQUIRED

    TY 2013 InvestmentsCorpBondsSchedule
    Name:
    ELISHA-BOLTON FOUNDATION
    EIN: 34-1500135
    Name of Bond End of Year Book Value End of Year Fair Market Value
    SCHWAB 1873-3721 313,418 324,883

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    ELISHA-BOLTON FOUNDATION
    EIN: 34-1500135
    Name of Stock End of Year Book Value End of Year Fair Market Value
    SCHWAB 1873-3721-CORP STOCK 1,924,221 2,635,800
    SCHWAB 6459-9470-CORP STOCK 977,458 1,373,419
    SCHWAB 1873-3721-MUTUAL FUND 172,375 188,086
    SPDR GOLD TRUST 1873-3721    
    SCHWAB 1873-3721-AGENCY SEC 82,102 86,245

    TY 2013 InvestmentsGovtObligationsSch
    Name:
    ELISHA-BOLTON FOUNDATION
    EIN: 34-1500135
    US Government Securities - End of Year Book Value:

    166,931
    US Government Securities - End of Year Fair Market Value:

    176,568
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2013 InvestmentsOtherSchedule2
    Name:
    ELISHA-BOLTON FOUNDATION
    EIN: 34-1500135
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    REITS 6459-9470 AT COST    
    SCHWAB 1873-3721-REITS AT COST 81,226 78,298

    TY 2013 OtherDecreasesSchedule
    Name:
    ELISHA-BOLTON FOUNDATION
    EIN: 34-1500135
    Description Amount
    SCHWAB 1873-3721 - NON DIV DIST -1,147
    SCHWAB 6459-9470 - NON DIV DIST -1,677
    BASIS ADJUSTMENT 5,304


    TY 2013 OtherExpensesSchedule
    Name:
    ELISHA-BOLTON FOUNDATION
    EIN: 34-1500135
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    INSURANCE 777 583   194
    MISCELLANEOUS 406     406


    TY 2013 OtherProfessionalFeesSchedule
    Name:
    ELISHA-BOLTON FOUNDATION
    EIN: 34-1500135
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FERGUSON WELLMAN CAPITAL MANAGEM 18,749 18,749    
    K G HOCHMAN CONSULTING LLC 8,000     8,000


    TY 2013 TaxesSchedule
    Name:
    ELISHA-BOLTON FOUNDATION
    EIN: 34-1500135
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    STATE FILING FEES 225     225
    SCHWAB 1873-3721 - FOREIGN TAX W 1,155 1,155    
    SCHWAB 6459-9470 - FOREIGN TAX W 1,242 1,242